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GOLD-CPI changes upward trend U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June. The market is now focused on the Federal Reserve interest rate decision on March 19. However, in this interest rate decision, the Fed is unlikely to cut interest rates. There is a high probability that the current interest rates will remain unchanged. Yesterday, CPI changed the upward trend of gold. It can be seen that 2195 is the top of this cycle. Under the downward trend, gold can wait for the resistance point to sell. The support of the 10-day moving average of the daily cycle is now 2135. On Wednesday, we need to observe Tuesday's low of 2150 and the strength of the support of 2135. In the H4 cycle, you need to wait for it to fall below 2150, pull the Bollinger Band open, and make it open, in order to confirm that gold has begun a downward trend. If you don’t know how to trade, join me, learn with me, and improve the success rate of trading profits
FX:XAUUSDShort
by UnknownUnicorn66789012
GOLD-Analysis and Strategy U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department will release its CPI report on Tuesday (March 12). The price index is expected to rise 3.7% from the same period last year, which would be the smallest annual increase since April 2021. Although the annual figure is well below the peak of 6.6% reached in 2022, the recent pace of progress has been modest. This is consistent with testimony before Congress last week from Fed Chairman Jerome Powell, who said that while a rate cut may be appropriate "sometime this year," he is not ready yet. The unseasonally adjusted CPI annual rate announced today is expected to remain unchanged at 3.1%, which may be negative for gold. Gold has risen for 9 days in a row. Yesterday was the only time it did not break through the high point and has maintained a narrow range. Therefore, gold is choosing a direction. Today we need to see whether the US CPI data will change the direction in which gold has been rising. The support point of the daily unilateral moving average is 2170, and then the focus is on the low of 2156 during the non-agricultural data. Only if it falls below this position can we continue to see the downside. My suggestion is to wait for the CPI to be released, follow the trend, or observe whether it will break through the resistance range of 2190-2195. If you don’t know how to trade, join me and improve your trading success rate
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-Advice and Strategies Focus on data this week On Monday, the New York Fed’s 1-year inflation forecast for February On Tuesday, the U.S. February NFIB small business confidence index, CPI data, and OPEC released its monthly crude oil market report On Wednesday, U.S. EIA crude oil inventories for the week, IEA released monthly crude oil market report Thursday, US February retail sales monthly rate, US February PPI data On Friday, the U.S. New York Fed manufacturing index in March, import price index monthly rate, industrial output monthly rate, one-year inflation rate expectations U.S. job growth accelerated in February, but the unemployment rate rose and wage growth slowed. Non-agricultural employment increased by 275,000 in February, and the unemployment rate rose to 3.9% in February after remaining at 3.7% for three consecutive months. This is generally negative for the US dollar and bullish for gold, causing the US dollar to continue to fall, and gold to rise again to a new high. point. Gold's surge is due to three factors: geopolitical conflicts, the Federal Reserve's interest rate decision, and the increase in gold holdings by central banks. From the technical indicators of gold, we can see that the RSI is overbought from the weekly level to the hourly level, and the rising momentum of 1H and 4H MACD is attenuated. It can currently be seen that the important support range for gold is strongly supported at 2155-2165. I suggest that you can sell in the resistance range, or buy in the support range, reasonably control the position according to your own funds, and set SL. There is no important data released today, or you can wait for the trend to be obvious before trading with the trend. Join me, I will share my strategies every day for your reference to increase your trading success rate
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-Advice and Strategies The U.S. initial jobless claims data performed poorly. The number of jobless claims was slightly higher than expected and the previous value, once again casting a shadow on the recent weak U.S. economy. The U.S. dollar index has weakened and set a recent low. Federal Reserve Chairman Powell has been The views of the testimony were also moderate, which also led to the market beginning to place more bets on interest rate cuts. Today, we will focus on the actual performance of the non-agricultural data in the evening. Gold has risen for 7 consecutive days. This trend is also rare in history. Judging from the current indicators, overbought signals have been formed at the 1-hour and 4-hour levels. The upward momentum has diminished, and there may be another high point. But the risk of buying now is already high First focus on the strong support point 2140, and then look at the trend support point 2122. In other words, if gold remains above 2140, it is an absolutely strong upward trend, and if it remains above 2122, it is also an upward trend. Today’s non-agricultural data should also pay attention to the support of these two points. If it falls below 2122, there may be a lot of room for adjustment. However, the current rising market environment has not changed, so medium and long-term sell orders cannot be traded. According to the data released today, unemployment benefits remain unchanged at the previous 3.7%. After seasonally adjusted non-agricultural employment, the previous value was 35.30,000. The market forecast is 200,000. It is expected to be negative for the US dollar and bullish for gold. The specifics will depend on the actual released data. My advice is to wait for the data to be released and trade with the trend, or wait for a clear sell signal before placing a sell order.
FX:XAUUSD
by UnknownUnicorn66789012
Non-Farm trading strategy, decrease then increase againWorld gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning. World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing further reinforced expectations. Expectations of loosening monetary policy this year. At the hearing, Mr. Powell said it is possible that interest rates could be cut this year if the economy is not as expected and there is more evidence that inflation is falling sustainably. The Fed Chairman also emphasized that it will not be long before we see inflation moving towards the target level of 2%. According to CME's Fedwatch tool, traders are pricing in a 72% chance of a rate cut in June, compared with about 63% on February 29.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-Where is the top? n testimony before Congress on Wednesday, Powell said he expected the Federal Reserve to cut interest rates and that a U.S. recession was unlikely, but he stopped short of committing to any timetable for easing policy because he was unsure of further progress in lowering inflation. Data showed that U.S. private employment growth was slightly lower than expected in February, with ADP employment increasing by 140,000 in February. The U.S. Department of Labor's Job Vacancy and Labor Turnover Survey (JOLTS) showed that job vacancies dropped slightly in January, while the number of job openings decreased, and labor market tensions continued to gradually ease. This week the market is waiting for the February non-farm payrolls report to be released on Friday. According to surveys, the U.S. Department of Labor is expected to announce on Friday that non-farm payrolls increased by 200,000 in February. Gold has been rising since last Friday. Why didn't I buy it? First, I am in awe of the market. Second, from a technical point of view, gold has always faced the need for adjustment, so now I can only wait patiently. The ADP data released this time, The content of Federal Reserve Chairman Powell’s speech reflects a dovish signal, which has a certain positive stimulating effect on gold. Today we will continue to observe whether the unilateral moving average support is broken. The support is at 2135. As long as it does not fall below, you can still wait for the support to buy. Now it seems that only buying can make a profit, but if gold starts to adjust, there will definitely be a lot of room for decline, so Trading gold is still only possible with small positions. Join me as I share my strategies and perspectives every day
FX:XAUUSD
by UnknownUnicorn66789012
Gold continuously reached the highest peak in historyWorld gold prices continued to increase with spot gold increasing by 18.2 USD to 2,145.4 USD/ounce. Gold futures last traded at 2,153.7 USD/ounce, up 12.7 USD compared to yesterday morning. World yellow metal prices continued their upward momentum to record levels on March 6 (US time) as the market increasingly bet that the US Federal Reserve (Fed) will loosen monetary policy after Fed Chairman Jerome Powell's speech at the hearing. Currently, investors are waiting for the employment report from the US Department of Labor. According to data released by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, private payrolls increased by 140,000 last month after increasing by 111,000 in January. The report shows that the market US employment is still growing steadily. In addition to interest rate expectations, experts say that precious metals are also supported by the demand of central banks. According to senior analyst Krishan Gopaul of the World Gold Council, last year's gold buying momentum is continuing to extend into this year. This expert predicts that 2024 could be another boom year for the yellow metal after witnessing a sharp increase in additional gold demand in January from countries that regularly buy gold such as China and Turkey. Ky, India…
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd confirm buy signal Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentum. Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which leads to wider ticks on the upside and heavy volume. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold now buy 2140 Target 2145 Target 2150 Target 2160 SL 2126
OANDA:XAUUSDShort
by JohnHarry_7
1
GOLD-Can it still rise? Today, the market will focus on the impact of Federal Reserve data and will pay close attention to Federal Reserve Chairman Powell's testimony before Congress to further clarify the path of U.S. interest rates. The next important U.S. economic data will be the February non-farm payrolls report on Friday. Yesterday, gold reached a maximum of around 2142 and a minimum of around 2123. It did not break through the previous high of 2145, forming a double top in the short term. Therefore, the risk of buying gold now increases again, and we need to pay attention to the impact of Powell's testimony and non-farm data this week. Today’s trend is very important. The daily support point is at 2120 and the trend support point is at 2098. If it falls below 2120 today, gold will change the pattern of strong rise. Yesterday’s suppression point was at 2135. Today’s suppression point moves down to 2132. You can choose to sell a small position here, or wait for the release of the U.S. ADP employment number in February and follow the trend. Be sure to control your positions in recent transactions so that you can improve your success rate
FX:XAUUSD
by UnknownUnicorn66789012
Strategy to sell today, predict a decrease then increase againWorld gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak economic reports. TD Securities commodity strategist Bart Melek said that the main factor pushing gold higher this week is the expectation of the first interest rate cut. The market is increasingly confident that the Fed will soon make a easing decision. This expert predicts that, with such confidence, the world gold price could be pushed to 2,300 USD/ounce in the second quarter of this year. Besides, safe haven demand due to concerns related to the conflict in the Middle East also strongly supported the yellow metal. Gold, often used as a safe store of value during times of political and financial instability, has increased by more than $300 since the start of the Israel-Hamas conflict. This expert added that it would not be surprising if gold prices increased when the Fed discussed loosening monetary policy. However, this precious metal will surge even further when the first interest rate cuts are carried out. Currently, the market is eagerly waiting to see what Fed Chairman Jerome Powell will say at his testimony before Congress this week to know more about the US interest rate roadmap. In addition, the February employment report scheduled to be released on Friday is also information that attracts investors' attention because this data can change market sentiment and push gold to a closer range. This. According to the CME FedWatch tool, traders now see a 70% chance that the Fed will begin cutting interest rates in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD MORE BULLISH AFTER THIS NFP !!HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical analysis we do trade with proper R:R its just an trade idea share your thoughts with us and Stay Tuned! for more updates
TVC:GOLDLong
by APEX_TRADING_ACADMEY
3
GOLD-wait Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay attention to Federal Reserve Chairman Powell's testimony to Congress for two consecutive days this week. Based on the actual content, he will look at the determination of the current U.S. economic situation that is more dovish and more hawkish. In addition, during the week, we will also see the announcement on Friday. The impact of U.S. non-farm payrolls data in February Today’s focus is on data: the final value of the Markit service industry PMI in February in the United States, the ISM non-manufacturing PMI in the United States in February, and the monthly rate of factory orders in the United States in January. Gold is currently blocked near 2120, and the previous high was 2145. It can be seen in 4H that it has deviated too far from the trend line, so I will not choose to buy it now. Gold may adjust at any time, but because the upward trend is still very strong, so now Selling is not a wise choice. I think the success rate of gold trading here will not be too high. Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
FX:XAUUSD
by UnknownUnicorn66789012
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster