Get started

Goldidea

XAUUSD - Gold continues to fall deeply, the moves weaken goldWorld gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase strongly when the market expected the US Federal Reserve (Fed) to cut interest rates as early as March. According to CME FedWatch Tool, markets forecast a 50% chance that the Fed will cut interest rates. rates in the first quarter of 2024. TD Securities experts said that market expectations for interest rate cuts may be premature and warned that gold's rally has exhausted itself.
OANDA:XAUUSD
by FalCol_TradingMaster
1
XAUUSD - Rising sharply then reversing with a shock declineGold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This factor has motivated many people to put capital into bonds. Meaning that money flowing into precious metals is limited. Since then, speculators speculated that the price of gold might go down, so they sold it to make a profit. The world gold price today at 6:00 a.m. on December 5 dropped to 2,030 USD/ounce. Previously, at the beginning of December 4, the world gold price sometimes reached a record level of 2,147 USD/ounce. The main reason is that financial investors are afraid of risks, so they increased their need to shelter capital in gold when the US said missiles fired by Houthi rebels in Yemen attacked three commercial ships in the Red Sea. Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Analyze (Road Map)!!!🗺️Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone). Where is the end of main wave 4 ❗️❓ 🎯 Target 🎯: 1680$ until 1650$ Where is the end of main wave 5 ❗️❓ 🎯 Target 🎯: 2263$ until 2230$ Gold Analyze, Timeframe Weekly (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLD
by pejman_zwin
4
Xauusd:How much more can it rise? The current geographic situation is still an uncertain factor in the capital market. In the weekend news, the Israeli military said that Israeli ground forces are actively carrying out operations in various parts of the Gaza Strip.Sunday's bombing caused dozens of Palestinian casualties, and civilians sought refuge in smaller and smaller areas in southern Gaza.The Iranian-backed Yemeni armed group, the Houthi Movement, said on Sunday that it used an armed drone and a missile to attack two Israeli ships in the Red Sea to show that it stood with the Palestinians.This has made the outside world more worried about the spread of conflict and the destruction of regional stability.The future situation in the Middle East is not optimistic. Federal Reserve Chairman Powell said on Friday that the two risks faced by the Fed, namely, raising interest rates too much, causing the economy to slow more than necessary, and not raising interest rates enough to control inflation, have become “more balanced.”He reiterated that the Fed will be cautious when making monetary policy decisions in the future.This week's non-farm payrolls data is very critical, and it is necessary to focus on the Fed's policy orientation in the future market, as well as ADP data, and the impact of non-farm payrolls on the market. Today, gold reached its highest near 2145. Due to the rapid short-term rise, gold fell to its lowest near 2057. Today's gold is crazy. Whether it can rise this week depends on the situation of non-farm payrolls. If non-farm payrolls continue to fall to about 100,000, it will increase the possibility of the Fed cutting interest rates. This is the reason for gold prices to rise again. So you must be very cautious when you trade today. You need to observe today's closing situation. If you are not very sure, it is recommended to wait and see today. Today we need to observe the support strength of 2050-2055 If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDLong
by UnknownUnicorn64583787
Gold price after strong fluctuationsHi, dear friends, let's explore gold prices after the big fluctuations yesterday! Regarding the developments and outcomes of the news on November 1st: Gold prices experienced significant fluctuations on Wednesday evening, approaching the $2,000 mark ahead of the Federal Reserve's policy announcements. This came as the US dollar delayed its recovery amidst slow bond interest rates and a mixed market sentiment. However, gold prices changed course and tested the round figure of $1,970 in an immediate reaction to the Fed's lack of policy action, contrary to many expectations. The US Federal Reserve kept its key policy interest rates unchanged within the current range of 5.25% - 5.50%. Conclusion on gold and trends: Gold prices gained positive momentum on Thursday due to reduced US bond interest rates and a weaker US dollar. Political tensions and China's economic difficulties also contributed to the positive sentiment of the day, resulting in a 0.24% increase in gold prices, trading around $1,987. The trading strategy of "buying on price declines" for gold continues as long as the significant static support level of $1,963 is maintained. Fibonacci also indicates a retreat of gold prices at 0.786. The upward trend may strengthen further if it receives strong buying support from this level of support.
OANDA:XAUUSD
by Karina_Bella
57
Xauusd:Waiting to choose the direction Due to the strong performance of U.S. economic data, U.S. Treasury bonds continued to rise strongly, while the dollar index rebounded slightly after falling for a few days.Next will be the U.S. personal consumption expenditures (PCE) price index for October released today. Wall Street expects personal consumption expenditures inflation to decline slightly, and investors hope that U.S. inflation will continue to cool steadily.PCE inflation is expected to be 0.2%, while the annualized inflation rate in October was 3.56%, compared with 3.7% in September. It is expected that the inflation rate will continue to decrease compared to October and will continue to boost the dollar. In the upcoming 2024, the United States is likely to complete the transition from interest rate hike to interest rate cut cycle. Judging from current market expectations, there is a high probability that interest rate cuts will occur in May and June. According to CME Fed Watch data, the current market believes that the Fed will start the interest rate cut cycle in May next year. The probability is about 60%, and it is expected that interest rates will fall by about 100 basis points by the end of 2024. The recent crazy gold rally fell from 2051 to 2035 yesterday, but the decline was really a bit too small, and the overall upward trend has not been broken. From the indicator point of view, the daily chart is still in the overbought zone, and the MACD speed line of the 4-hour chart has formed a decline. These are signals of gradual amplification of short-term pressure.At the same time, the position of 2051 is also the 61.8% Fibonacci extension of the rising band from the starting point of 1810 to 2009. The upper track of the 1H upstream channel was broken through yesterday and then pulled back, and today it continues to be blocked under pressure.Strategically, we still have to observe the adjustment intensity here. If gold has not been able to fall below 2030, it means that the chance of rising again is very high. Considering that the U.S. PCE for October is about to be announced today, the expectation given by the data market is that it will be beneficial to gold. If the data is beneficial to gold without a big rise, it will be safer to sell later. So we still try to start selling above 2045, the stop loss is set at 2052, and the support below focuses on 2027-2037. If there is a signal to stop falling, we can also buy. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSD
by UnknownUnicorn64583787
Gold to find sellers at market?XAUUSD - Intraday Broke the sequence of 5 positive daily performances. Buying posted in Asia. Price action has continued to range within a triangle formation. The trend of lower highs is located at 2045. Bespoke support is located at 2007. Selling spikes offers good risk/reward. We look to Sell at 2046 (stop at 2055) Our profit targets will be 2021 and 2011 Resistance: 2045 / 2049 / 2052 Support: 2031 / 2007 / 2000 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
Gold risks are increasing, you need to be careful World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5% over the same period last year, slower than the increase of 3.7% in October. This is the preferred inflation measure of the US Federal Reserve (Fed). The PCE index is the latest in a series of positive inflation data recorded in November, making traders even more confident that the Fed may be done raising interest rates and may even begin to raise interest rates. lower interest rates in 2024. Besides, the USD-Index has inched back above 103 points but still recorded the sharpest drop in November this year. This is the main reason driving gold prices up in recent days.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold prices continue to increase sharplyWorld gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the Bureau of Economic Analysis, US GDP in the third quarter increased by 5.2%, up from the estimate of 4.9%. Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high. Additionally, gold will still benefit from safe-haven demand due to concerns related to geopolitical tensions. Given those factors, SocGen analysts see a push above $2,000 as the start of a larger recovery that could keep gold prices at around $2,200 an ounce in 2024.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd:Narrow fluctuation During the Thanksgiving holiday, the U.S. market was basically closed. Everyone also discovered that yesterday's market was basically dominated by narrow fluctuations, and there was no big opportunity. Gold only had a volatility of 10pips yesterday, the highest point was 1998, while the previous day's high was in 2006. It can be found that not only the volume is falling, but the highest point is also moving. As can be seen from the chart, the resistance level is 1994-1996, and the support of 1984-1987 is concerned below. Today should also be a narrow fluctuation. You can choose to sell at a high level, buy at a low level, and strictly stop loss, 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:XAUUSD
by UnknownUnicorn64583787