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GOLD-analyze Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall progress on inflation. They said overall progress in inflation would likely set the stage for a rate cut later this year. Another report showed that initial jobless claims increased by 13,000 in the week ended February 24, to a seasonally adjusted 215,000. Today’s key data focus: the final value of the Markit Manufacturing PMI in February in the United States, the final value of the University of Michigan Consumer Confidence Index in February, the ISM Manufacturing PMI in the United States in February, and the monthly rate of construction spending in the United States in January. The important resistance range above is 2052-2055, and the support range is 2032-2038 Today you can still wait for the support range to buy, or the resistance range to sell, and make reasonable arrangements according to the funds, so that you have a high chance of making a profit. Join me and I will share my opinions every day for your reference
FX:XAUUSD
by UnknownUnicorn66789012
GOLD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDLong
by TheGrove
4
GOLD-Waiting for PCE data to be released Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold. From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern breaks through. If it breaks below, it will declare the end of the rebound and fall to 2015. If it breaks above, it will look at 2055. So what we need today is to wait patiently and trade according to the trend after the data is released.
FX:XAUUSD
by UnknownUnicorn66789012
XAUUSD - Many factors can be surprised Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred inflation gauge - this Thursday is drawing significant attention from investors. Investors remain vigilant, closely monitoring data to gain clearer insights into the state of the US economy and shape their interest rate expectations. The US PCE for January rose by 0.4% from the previous month. If the PCE data comes in hotter than expected, it could pose challenges for gold prices. However, even in such a scenario, gold is expected to maintain its stance around the $2000 USD mark. Gold prices might only fall below this threshold if this week's economic data turns out to be unexpectedly high.
OANDA:XAUUSD
by Antonia_Le
GOLD-Waiting for direction selection As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot. Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March. The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today. If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041. My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position. Join me as I share my strategies and ideas every day to help you trade
FX:XAUUSD
by UnknownUnicorn66789012
Golden Wednesday trend analysis and trading signal sharing Gold is currently volatile for many days. If gold rebounds in the 2028-2032 range again today, then I think gold will first rise to 2037. After breaking this range, it will continue to rise to 2048. If gold fails to rebound in 2028-2032. Then gold will form a double-determined trend and fall all the way to the 2018-2022 range. So the trading strategy I am currently giving you is to wait for the trend to form before trading. Trading straregy: 1.sell2037-2041/2045-2048 tp2035-2030 sl2051.5 2.buy2018-2022 /2026-2029 tp2033-2038-2042 sl2016 The given trading range is relatively large, and we can choose appropriate trading signals based on today's specific trends. Hope everyone can make a profit. I will continue to help you analyze trends and share trading signals. If you are interested in my trading strategies, please join me
FX:XAUUSD
by George_Martin
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said. Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March. Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Today's analysis From the 4H chart, we can see that gold has strong support from yesterday’s moving average. As long as it breaks through 2040, there will be some room for growth. The upper resistance range is 2045-2049, 2055-2058 In an obvious upward trend, we cannot sell blindly and wait for a suitable range to sell. Or wait for an obvious support range to buy You can make a reasonable choice to buy or sell based on the support and resistance ranges on the chart. Join me and every day I will share my strategies so you can learn how to trade
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-Strategy The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index is the Federal Reserve's preferred inflation indicator. Following a 0.2% increase in December, the index is expected to increase by 0.4% month-on-month in January. The market is fairly certain that the Federal Reserve will keep its policy rate unchanged at the 5.25%-5.5% range at its March policy meeting. According to CME's "Fed Watch Tool", the probability of a rate cut in May is currently 20%. The peak rose to around 2041 last weekend, but it fell to around 2030 after the opening today. The indicators of each cycle are quite confusing. Now it is possible to rise or fall in 2030. We need to keep observing here. There is no important data released today, and the fluctuations every Monday are very small, so we can still wait for the resistance point to sell, or the support point to buy In the big cycle, the important resistance point is near 2055. If the short-term rise continues, selling here is a relatively safe position. Strategy 1: Xauusd:sell2036-2042 TP:2031-2028 SL:2045 Strategy 2: Xauusd:buy2018-2023 TP:2028-2032 I have the above strategies for your reference. Everyone’s trading habits and funds are different. You need to choose the above strategies reasonably according to your funds and trading methods, so that you can ensure your profits. Join me as I analyze how you should trade every day and tell you my trading strategies
FX:XAUUSD
by UnknownUnicorn66789012
Gold price today: Buy prospects!Warm greetings to all splendid friends, let's explore today's gold prices together! Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking through the prior resistance. As for today's strategy and looking ahead: I'm optimistic about purchasing gold, observing that the correction phase seems to be concluding. In the short term, the EMA 34 and 89 lines continue to support an upward trend, making the strategy to buy highly favorable. Wishing everyone a smooth trading week ahead!
OANDA:XAUUSDLong
by Antonia_Le
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term. Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active. As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
OANDA:XAUUSDLong
by FalCol_TradingMaster