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GOLD: I'm looking forward to the gold trend today, December 20Yesterday, gold prices rebounded to around 2033.5 after falling to support around 2015. Profits from closing short positions at 2030 USD were minimal. Currently, market expectations of the Fed cutting interest rates are fluctuating. Next, gold prices will still be under pressure from the Fed's operating expectations. The advantages will be limited and the disadvantages will also be limited because interest rate cuts are the general trend. In the short term, gold prices will mainly fluctuate so we can buy low and sell high within key ranges. Today's gold trend I expect: Yesterday gold increased and still did not reach the old peak and key and it is still below the uptrend channel line of the daily frame, today I think gold will have another Gold may test the peak of 2048 if it surpasses 2048 then it will go up to 2051 or 2053 and then it will decrease and gold will start to move sideways, you should watch to sell in the 2051 to 2053 range.
TVC:GOLDShort
by NicoTradingMaster
Gold continues to run slowly to wait for new breakthrough newsWorld gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future. World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning. World gold fluctuated slightly in the first trading session of the week as investors waited for important US inflation data to be released at the end of the week to look for more signals about the Federal Reserve's interest rate direction. America after recent peaceful statements. According to Jim Wyckoff, senior analyst at Kitco Metals, the market is in pause mode waiting for the next important fundamental economic news or data. He said that the buying activity of traders in the first trading session of the week was the psychology of buying when prices fall. Wyckoff added that the fundamental factors keeping gold prices are a weakening dollar, looser monetary policy and some safe-haven demand from tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Trading strategy today December 15, 2023Also last night - early this morning, the US economy announced more positive economic and employment data. Specifically, the number of first-time applications for unemployment benefits last week was at 202,000 applications, lower than the forecast 220,000 applications and lower than the previous week's level of 221,000 applications. Along with that, annual retail sales in November increased sharply by 4.09% over the same period, much higher than October's level of 2.24%. Monthly sales in November in the US also increased by 0.3%, higher than the negative increase of 0.2% in October and the negative 0.1% previously forecast. Despite positive economic and employment data, the USD continued to decline for the second consecutive session. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - dropped sharply by 0.88% to 101,960 points at 6:34 a.m. this morning (Hanoi time). The plummeting USD has helped investors continue to buy gold. They believe that central banks, including the Fed and ECB, will not further increase operating interest rates for two strong currencies, USD and EUR, and may soon reduce interest rates in the next two quarters. This has made investors expect that the gold market will continue to grow well. Experts say that despite the low USD, the cost of speculation and gold transactions has dropped sharply. However, investors should also consider, because a positive economy and the possibility of reduced interest rates will promote better economic growth, gold will reduce its role as a cash flow shelter. Currently, the large SPDR fund, after a net buying session on December 13, returned to take a slight profit on the December 14 session. Large cash flows taking profits from precious metals will push gold prices down deeply. Therefore, investors should take profits when gold has given profits.
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - Trading strategy after CPI news on December 13World gold prices fluctuated slightly with spot gold down 1.3 USD to 1,979.5 USD/ounce. Gold futures last traded at 1,993.2 USD/ounce, down 0.5 USD compared to yesterday morning. Although the world gold price this morning was listed close to the level of yesterday morning, it has decreased sharply compared to the increase during the day. Specifically, gold plunged and lost the previous 0.5% increase after a new report was released showing that consumer prices in the US did not decrease in November. Inflation data was released first. The Fed's final monetary policy meeting in 2023. The market is expecting the US Central Bank to maintain interest rates at its meeting on Wednesday. The consumer price index (CPI) rose 3.1% year-on-year in November, in line with economists' expectations. November CPI increased 0.1% compared to the previous month. The dollar pared losses after the CPI data and made gold less attractive to holders of other currencies. Economists note that the latest inflation data could cause a shift in market expectations for an interest rate cut as early as March. US Federal Reserve officials ( The Fed) has emphasized that it needs to see a sustained downward trend in inflation before starting to reduce interest rates.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd:downtrend The latest economic data shows that the US consumer CPI data in November was 0.1%, 0% higher than expected; the core CPI was 0.3%, overall in line with expectations, but higher than October. Judging from the release of this CPI data, the market generally expects that the Federal Reserve’s interest rate decision will maintain the current benchmark interest rate of 5.25%-5.5%, and focus on next year’s interest rate forecast and Federal Reserve Chairman Powell’s press conference. As you can see from the chart, gold is still on a downward trend, but it is rebounding because it has fallen too much. So today we can still follow yesterday’s strategy and focus on selling. You can observe the ranges of 1988, 1992-1997, and 2005-2009 for selling, and arrange your positions reasonably, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
1
PPI news trading strategyThe world's gold price today, December 13, continues to decrease when the US releases the latest emission data, creating motivation for the USD to increase in price. Gold prices today have not stopped falling in the context of the US announcing the annual consumer price index (CPI) in November 2023 increased by 3.1%, 0.1 percentage point lower than the previous month of 3.2. %. At the same time, the US also announced that annual core inflation in November 2023 increased by 4%, unchanged from the previous month and in line with market forecasts. Immediately, investors speculated that the US Federal Reserve would keep interest rates unchanged after concluding its meeting at dawn on December 14. In particular, many people have reduced their expectations that the FED will soon reduce interest rates in 2024. SELL XAUUSD 1990 - 1992 SL 2000 TP 1982 TP2 1973
OANDA:XAUUSDLong
by NicoTradingMaster
Xauusd:Resistance to sell At the time of the risk of key central bank events, the market will face the release of US consumer inflation data within the day, which will play a key role in influencing market expectations of the Fed's next policy actions.U.S. consumer price index (CPI) inflation is expected to be mixed at the front end of the curve. The core consumer price index is expected to jump from 0.2% to 0.3% in November, while year-on-year data is expected to rise slightly from 3.2% to 3.1%. A slight decline.It is expected that the price of gold may hit a low again. Judging from the chart, gold is still in a downward trend. The top focuses on the resistance of 1992-1997, and the bottom looks at the low points of 1975 and 1950, but beware of the impact of CPI data on gold. From a technical point of view, the daily line is currently in a downward trend, and the lowest point of support for the daily line Bollinger band is 1950. The decline of this wave of gold must at least see 1950 to observe whether it can rebound effectively. So we still choose the resistance point to sell. You can observe 1992-1997, 2007-2009, choose the right position to sell, and plan your position reasonably, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787