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GOLD-How much further can gold rise? Key data for the week will be released starting today. Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half. After the data was released, the probability of an interest rate cut in June dropped to 58% from about 60% previously. However, Fed officials’ speeches on Tuesday and The modest slowdown in employment data has slightly raised expectations for a rate cut by the Federal Reserve in June to around 64%. Today will usher in the US March ADP employment change data and the US March ISM non-manufacturing PMI data, which everyone needs to pay attention to. Yesterday, gold once again broke through a new high and reached around 2288. It is an absolute upward trend. The technical support points are around 2265 and 2250. You can wait to buy near these two support points. However, the impact of ADP employment data today may also change the strong rise. According to the view, if it falls below 2245, it can also form a high divergence in the H4 cycle, and it is also possible to fall to 2230. The upper resistance is near 2295. Because gold has risen too much, there will definitely be an adjustment. Use small lots. Join me, follow my strategies for trading, and increase your success rate
FX:XAUUSD
by UnknownUnicorn68604160
GOLD-analyze The dollar continued to rise, reaching its highest level in more than four months, hitting as high as 105.07 on Monday, its highest level since November 15, making gold more expensive for holders of other currencies, while the 10-year U.S. Treasury yield also rose. The U.S. economic data is relatively stronger than that of other developed economies, and after the U.S. ISM manufacturing PMI data was released in March, market expectations for the Federal Reserve to cut interest rates in June weakened again. On Tuesday, you need to pay attention to the monthly rate of U.S. factory orders and U.S. JOLTs job vacancies in February. Pay attention to the speeches of New York Fed President Williams, Cleveland Fed President Mester, and San Francisco Fed President Daly. Pay attention to changes in the market's expectations for the Federal Reserve to cut interest rates. Performance of the U.S. Dollar and U.S. Treasury Yields Yesterday, gold began to fall sharply at a high of 2265, reaching a minimum of 2228. Under the upward trend, gold is now back near 2255 again So currently we can see that 2228-2234 is the first support range, 2220-2222 is the strong and weak support range, and the small shock range is 2265-2228 I think you can choose to sell above 2260, SL: 2267, or wait for the first support range and the strong and weak support range to buy Reasonably control your positions and carry out small lots, so that your success rate will be greatly increased. Join me, I will conduct analysis every day, let us make profits together
FX:XAUUSD
by UnknownUnicorn68604160
🌟 Discover the Gold Treasures: Today's GOLD Analysis for Wins!🌟 Greetings, phenomenal traders! 🌟 I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! 💰📈✨ 🔍 Today, let's plunge into the mesmerizing realm of GOLD! 🌟✨ XAUUSD is seizing the spotlight. 🌐💥 As you're well aware, gold is reaching unprecedented peaks, breaking records left and right! 🌟📈 🔮 What lies ahead, you wonder? Well, brace yourselves for a potential downward correction. Currently, Gold is snugly ensconced in a range from 2255 to 2264. 🚀🔒 While this zone calls for caution, fear not, for the future holds boundless excitement! 🌈✨ 📈 Should Gold boldly breach above the range, prepare for potential buying frenzy, soaring up to 2274. Conversely, a break below the range could usher in opportunities for selling, gracefully descending to 2242 and 2222. 📉🚀 I trust you find this analysis both enlightening and actionable! 🚀 Boost the vibes by lending your support, and, above all, trade smart and safe. 🤓💡✅ ✌️ Peace Out, and may the trading journey unfold with bountiful prosperity! 🌍🌟💰
TVC:GOLDShort
by nathimafxreal
2
GOLD-How much more can it go up? Focus on data this week: On Monday, the U.S. ISM manufacturing PMI in March and the U.S. construction spending monthly rate in February On Tuesday, U.S. JOLTs job vacancies in February and U.S. factory orders monthly rate in February On Wednesday, U.S. ADP employment numbers in March, U.S. ISM non-manufacturing PMI in March, EIA crude oil inventories, strategic petroleum reserve inventories, OPEC ministerial meeting On Thursday, the number of layoffs of challenger companies in the United States in March and the number of initial jobless claims for the week, Philadelphia Fed President Harker’s speech On Friday, 2024 FOMC voting committee member and Richmond Fed President Barkin spoke on the economic outlook, Cleveland Fed President Mester spoke on the economic outlook, the U.S. non-farm payrolls after seasonally adjustment in March, and the U.S. unemployment rate in March. I said last week that if gold breaks through 2200, it will change the form of a head and shoulders top and continue to rise. But this rise is really unexpected. The monthly, quarterly, weekly, and daily lines are all The market was closed almost at its highest point What everyone is currently concerned about is how long the rise in gold can last, or how high it can go? In fact, all the current predictions of reaching the top position have no basis. They are just talking about whether there is logic and whether it can be convincing. But regardless of whether there is logic or not, I do not recommend blindly opening short orders now. You need to wait for the natural appearance of the top. to follow. The top has not yet appeared. Now we can only follow the trend and wait for the support point to buy. The support point below the small cycle is 2245, 2234 But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost
FX:XAUUSD
by UnknownUnicorn68604160
GOLD TRADE IDEA / POTENTIAL BEARISH BREAKOUNT Hello Traders! I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
TVC:GOLDShort
by GoodTradeST
GOLD-Wait patiently Awaiting today's key U.S. inflation data PCE, this data may provide more clues to the Federal Reserve's policy path and deserves everyone's attention. The U.S. market will also see changes in the number of initial jobless claims in the week of March 23, the final value of U.S. fourth-quarter GDP, and the final value of the University of Michigan Consumer Confidence Index in March, which may have a greater impact on the current market. Both the daily cycle and the H4 cycle have a head-and-shoulders top pattern. The right shoulder is as high as 2200. Therefore, as long as gold does not break the high of 2200 in the near future, the head-and-shoulders top pattern will still hold. However, it may also appear during an upward trend. Second and third tests, if it breaks through 2200, it will change the pattern and may continue to rise again. Today it is recommended to wait for the US market data to be released before following the trend and trading. Now it is more important to be patient and wait Join me and I will share my ideas in a timely manner to make your trading more successful
FX:XAUUSD
by UnknownUnicorn68604160
GOLD-Has a head and shoulders top formed? Yesterday, the United States released some inflation data indicators. After experiencing the worst year for real estate sales in the past three decades, house price growth accelerated in January, with house prices in 20 major cities rising by 6.59% year-on-year, higher than the 6.2% increase in December last year. increase. Other economic data showed that U.S. durable goods orders increased by 1.4% month-on-month in February, and core capital goods orders increased for the first time in three months. However, the month-on-month value of durable goods orders was further revised down to -6.9%. The Conference Board's consumer confidence index in March also showed lower than expected and previous values, all of which indicate that the U.S. economy has obvious signs of contraction. Public data reports that due to the impact of interest rate increases, the Federal Reserve's total interest expenses will be US$281.1 billion in 2023, 2.75 times the expenditure in 2022, of which interest expenses related to reserve balances will be US$176.8 billion, nearly tripling compared with 2022. The Fed's losses are floating losses and will not affect the Fed's operations, but will aggravate the already huge U.S. government fiscal deficit. (This is also an important reason why the market expects the Federal Reserve to cut interest rates this year. Excessively high interest rates mean increasing operating costs for oneself) U.S. regulators have warned that if U.S. debt continues to soar, it could trigger a crisis. The ratio of U.S. debt to the country's GDP will exceed the highest level during World War II of 116% in 2029, and will rise to 166% of GDP by 2054 (meaning that a debt crisis may occur at any time, and once it occurs, it will trigger turmoil in the global financial market. In view of this, it will also force the Federal Reserve to lower interest rates as soon as possible.) Yesterday, gold reached as high as 2200, but did not break through, and then fell sharply. From a technical point of view, firstly, because the timing is wrong, the Asian market does not move, the European market starts to rise crazily, and the US market is in place before it even opens, which is equivalent to compressing the room for rising prices in the future. Second, the growth rate was too fast and directly touched the overbought zone. Therefore, although the data was bullish after the US market started, it could not withstand the flight of profit-making funds. The upward trend is still maintained above 2145, but as can be seen from the chart, the H4 cycle has formed a head and shoulders top pattern. The left shoulder is at the previous high of 2194, the top is at 2222, and the right shoulder is at Tuesday's high of 2199. As long as this pattern remains unchanged, there will be room for a sharp decline in the market outlook. For the current market, it is still maintaining an upward trend. Therefore, in the short term, it will still be a high fluctuation under the upward trend, and it will only be possible after it falls below 2145 in the future. There is room for decline Today we can sell based on yesterday's high point. The 50% and 61.8% golden section positions are 2185 and 2189. The important resistance point is 2197. Control your position reasonably so that you can finally make a profit. Join me, I will analyze every day, let us improve the success rate of trading together
FX:XAUUSDShort
by UnknownUnicorn68604160
Gold continues to move unexpectedly, entry sell todayWorld gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning. The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to loosen monetary policy. bad this year. RJO Futures senior market strategist Bob Haberkorn predicts gold will rise in the near term on interest rate expectations, unless the Fed changes its stance or makes some announcement that it will eliminate interest rate cuts. capacity. Gold could fall again if personal consumption spending data is stronger than expected, Haberkorn said. However, this precious metal will quickly regain its upward momentum. Last week, gold hit a record high of $2,222.39 an ounce after Fed policymakers said they still expected to cut interest rates by three-quarters of a percentage point in 2024 despite persistent inflation. still far from the target level of 2%. Currently, traders are currently forecasting a 71% chance that the first rate cut will take place in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-Range fluctuation, waiting for direction The key market trends this week may not come until Thursday, when the U.S. will release weekly initial jobless claims data and the U.S. core personal consumption expenditures (PCE) price index data will be released on Friday. Market reaction to the PCE data may not be seen until next week due to the Good Friday holiday. On Tuesday, we need to focus on the monthly rate of durable goods orders in the United States in February, pay attention to the Conference Board Consumer Confidence Index data in March, and pay attention to news related to the geopolitical situation. At present, gold has no clear direction. There is one point that needs to be emphasized. Gold maintains an upward trend above 2145. Although it is an upward trend for the time being, it can be seen that it is currently oscillating at a high level and is weak. The first key support point is at 2156, and the second key support point is at 2145. Only if it falls below 2145 can we see room for continued decline. From a small cycle perspective, gold did not break through 2180 on Monday, nor did it fall below the middle track of the trend line. , reflecting the strong suppression effect, and if the lower track of the trend line does not fall below, it cannot go out of a unilateral decline. Therefore, today’s small range is still 2162-2180, and the large range is 2156-2185 You can still buy low and sell high within this range and reasonably control your position, so you have a high chance of making a profit. Join me, follow my strategies, improve your trading success rate, I will share every day
FX:XAUUSD
by UnknownUnicorn68604160
Selling strategy today, downtrendWorld gold prices increased with spot gold increasing by 7.5 USD to 2,170.8 USD/ounce. Gold futures last traded at 2,173 USD/ounce, up 13.2 USD compared to yesterday morning. Prices for the yellow metal rose slightly in early trading as investors awaited key economic data and comments from US Federal Reserve (Fed) officials this week for further confirmation. loosening monetary policy of the US Central Bank. The market is currently waiting for weekly initial jobless claims data to be released on March 28 and core personal consumption expenditure index (PCE) data expected to be released. the day after that. However, because the market will be closed this Friday as the US closes for the Good Friday holiday, PCE data will not have an impact on gold until early next week. Research expert Kunal Shah of Nirmal Bang Commodities predicts that US inflation indicators will have a significant impact on the gold market. According to him, any PCE figure lower than expected will weaken the USD and push up gold prices and vice versa.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-Analysis for this week and today Focus on this week On Monday, the annualized total of U.S. new home sales in February, the Dallas Fed business activity index, and a speech by Fed Governor Lisa Cook On Tuesday, the monthly rate of the U.S. house price index, the annual rate of the house price index of 20 major cities, the Conference Board consumer confidence index, and the Richmond Fed manufacturing index On Wednesday, U.S. API crude oil inventories, EIA crude oil inventories On Thursday, Fed Governor Waller spoke, the number of initial jobless claims in the United States for the week, the core PCE quarterly rate in the fourth quarter of the United States, the final annualized quarterly rate of GDP, the final quarterly rate of personal consumption expenditures, Chicago PMI in March, University of Michigan Final value of consumer confidence index, March-year inflation rate expectations, U.S. existing home contracted sales index monthly rate in February Friday, US February PCE data, February personal spending monthly rate, Fed Chairman Powell’s speech Markets in most European and American countries will be closed this Friday (March 29) due to Good Friday and Easter. The terrorist incident in Russia over the weekend caused gold to reach around 2178 today. Since the Federal Reserve announced its interest rate decision last week and before the Federal Reserve speculates on whether to cut interest rates in the next cycle, the market has digested the bullish sentiment in gold. 2222 may be the highest target for this wave of gold rises. , therefore, it is very likely that it will fluctuate at a high level from April to June, or it will fall unilaterally. Since gold fell from 2222 to 2156, this wave of gold decline has room for 66 US dollars. Now it can be confirmed that gold is no longer in a very strong state since last week. It is unlikely to continue to rise unilaterally, but there is no direct decline at present. , this week we need to pay attention to whether the 2145 top-bottom transition point will fall below Today we are still trading within the range. The large range is still 2156-2185, and the small range is 2162-2180. If we cannot break through 2200, 2195 is also a strong resistance point. The above range is for your reference. You can buy low and sell high in the above range, reasonably control the position, set SL, and focus on the strength of the 2145 support point and the 2195 resistance point. Join me, follow my trading strategies, and learn how to trade reasonably
FX:XAUUSD
by UnknownUnicorn68604160