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Gold continues to decline, today's strategy is mainly to sellWorld gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the US Federal Reserve (Fed). According to RJO Futures senior market strategist Daniel Pavilonis, the gold market is in a neutral environment as prices continue to remain above $2,000/ounce and are unable to break out of the current range. This week, the market is awaiting the preliminary US Purchasing Managers' Index report due out on Wednesday, fourth-quarter GDP data expected on Thursday and personal consumption expenditure data on Thursday. Friday for more signals on the interest rate direction of the US Central Bank. Fed officials said last week that the US Central Bank needs more data before making any comments regarding any interest rate cuts and that the timing of loosening monetary policy may be later. much higher than market expectations.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Will it break through the range? It can be seen that yesterday gold had strong support from 2017 to 2021, but today’s highest point was at 2037, and the previous highest point was at 2039, which means that the high point continues to move downwards Xauusd:sell2037-2040 TP:2030-2027-2022 SL:2044 If gold falls directly, we need to continue to observe whether yesterday's 2017-2021 support range fell below Join me, I will always pay attention to the market trend and then analyze
TVC:GOLD
by UnknownUnicorn64321080
How will gold prices change this week?Hello everyone, it's Karina here, delighted to share with you today's updates on gold prices. At the start of today's trading session, gold experienced a slight increase, currently hovering around 2030 USD. The 1-hour chart shows an upward trend for gold, with support formed near 2025 USD. Looking into this week's outlook, all eyes are on the USD fluctuations amidst major central banks' monetary policy decisions. The European Central Bank (ECB), in particular, will be under scrutiny. Their recent hawkish stance at the World Economic Forum in Davos could significantly influence the USD and potentially support gold prices. What do you think, how will gold move this week?
OANDA:XAUUSD
by Karina_Bella
1
What changes in gold prices this week?Hi everybody! What do you expect about gold prices this week? As for Karina: today's gold price decreased by about 6 USD after rising to 2031 USD, following a clear downtrend on the chart. This is due to the strengthening of the USD, as the Fed is unlikely to reduce interest rates in March. This makes investing in gold more expensive due to high interest rates. Besides, the US core personal consumption index, an important inflation measure, influences the Fed's decision to loosen monetary policy. However, US macroeconomic data may not have much impact if gold prices stay below 2,000 USD/ounce. James Stanley, senior strategist at Forex, predicts that gold prices will stabilize around $2,000 per ounce. He emphasized that any price drop below this level will be a buying opportunity for investors.
OANDA:XAUUSD
by Karina_Bella
GOLD-Analysis strategy This week, the market is paying attention to the upcoming release of a series of economic data. The initial manufacturing and service PMI values for January will be released on January 24, followed by a series of data on January 25: durable goods orders, fourth-quarter GDP growth rate Another revision, weekly initial jobless claims, Chicago economic data, the Federal Reserve's National Activity Index and new home sales, U.S. core PCE, personal income and spending data released on January 26 will have a greater impact on this week's market , pay attention to its specific changes. We need to pay attention to the resistance of 2032 and 2042 at the top and the support of 2017 and 2021 at the bottom. The current 2017-2021 range is a relatively important support. If the decline can be stopped here and rises again to break through 2032 or even 2042, gold may reach around 2048 and 2062 again. If gold falls below the 2017-2021 range, gold may once again test the support of 2000-2005, or even fall below 2000 and reach around 1995 Xauusd:buy2017-2021 TP:2025-2030 SL:2013 Because gold is still in a relatively strong stage, we currently only choose to buy. Join me, I will analyze market trends every day and provide trading strategies
TVC:GOLD
by UnknownUnicorn64321080
XAUUSD - Will it end the week up or down?Hello dear friends! On the last day of this week's trading session, gold had a gentle recovery with the price fluctuating near 2030 USD and marking an increase of 0.33% on the day. However, it also encountered immediate resistance in this area along with the operating zone of EMA 34, 89. The price could fall back to 2010 USD if news at the end of the day is released in support of the USD. . On the contrary, if the price successfully breaks out of that resistance level, it will open up a strong increase opportunity for buyers with a target of 2055 USD. Which direction do you think gold will choose to move?
OANDA:XAUUSD
by Karina_Bella
How does the weekend gold price change?Hello dear friends ! World gold prices increased at the beginning of the US trading session due to safe haven demand, amid rising tensions in the Middle East. The decrease in the USD index is a supporting factor for gold to increase. The long-term price outlook is positive for gold. But the rally will be delayed as the market tries to process the possibility of when the US lowers interest rates. Lower interest rates reduce the opportunity cost of holding precious metals. Currently, according to CME's Fed tracker, traders expect about a 47% chance the Fed will cut interest rates in March. That's down from 71% last week meaning in the near term In the future, the price increase momentum is likely to be significantly reduced.
OANDA:XAUUSD
by Karina_Bella
2
Trading strategy at the beginning of the week, entry sellGold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024. Experts predict that the US economy is about to release its 2023 report, with good growth expected and stable employment. When economic growth is good, stocks increase positively. The USD also increased. Investors in the world market previously gathered gold, but they returned to take profits to buy stocks as soon as possible. Therefore, gold as a capital reserve will decrease in price deeply in the future. On Tuesday, the dollar strengthened and put pressure on gold as US Federal Reserve (Fed) Governor Christopher Waller made "hawkish" comments about cutting interest rates this year. According to Mr. Waller, the US is still far from the 2% inflation target, so the central bank should not rush to cut interest rates until it is clear that lower inflation will be maintained. Previously, many Fed officials, including Cleveland Fed President Loretta Mester, told Bloomberg TV that it was too early to loosen monetary policy in March. Comments from Fed officials showed that The Fed believes that interest rate cuts will come much later, most likely at the end of the second quarter of this year. The report released Wednesday showed that retail sales in December increased 0.6% from the previous month. This strengthens the Fed's determination not to cut interest rates prematurely. However, gold reversed course Thursday as market attention turned to concerns about escalating geopolitical tensions. Safe haven demand has reduced pressure on interest rate expectations and helped gold increase slightly.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold suddenly reversed growth again, an opportunity to sell GOLDWorld gold prices reversed and increased sharply with spot gold increasing by 27.1 USD to 2,022.4 USD/ounce. Gold futures last traded at 2,025.1 USD/ounce, up 18.6 USD compared to yesterday morning. Developments in the Middle East boosted safe-haven demand for gold on Thursday (US time), helping gold escape its previous five-week low under pressure from changes in interest expectations. productivity after economic report was stronger than expected. According to senior market strategist Daniel Pavilonis of RJO Futures, amid much uncertainty, gold prices will be kept above $2,000/ounce. On January 17, the US Government returned the Houthis in Yemen to the list of terrorist groups as they continued to conduct attacks on commercial and military vessels. In addition to the instability factor, speculation surrounding the timing of interest rate cuts by the US Federal Reserve (Fed) is also affecting the direction of gold. Currently, investors are still waiting for further information to learn more about the Fed's future interest rate direction. Currently, most opinions believe that interest rates will be cut if published data shows that inflation "cools down" significantly. Atlanta Fed President Raphael Bostic said Thursday that he supports cutting interest rates sooner if there is "compelling" evidence that inflation is falling more sharply than expected. In a recent statement, he said that inflation could be "volatile" if policymakers cut interest rates too soon.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold prices plummeted continuouslyHello dear friends, let's learn about today's gold price with Karina! The XAU/USD pair traded near an intraday low of $2001 mid-afternoon in the US, as investors continued to reduce bets on a Federal Reserve (Fed) interest rate cut in March next. The CME tool shows a 52% chance of such an event, down from about 70% a few weeks ago. The reaction to the information on the USD continued to increase strongly and acted as a psychological arrow for investors, causing them to sell gold massively, leading to a sudden decrease in gold. On the analysis chart: Gold went far beyond the 2015 USD support level as we expected. With the current difficult situation, the prospect of a decrease in gold prices is still very large. The 1982 USD target remains on the table during this short period with a short-term recovery possibly aimed at the 0.618 Fibonacci level before the bears take action! And you, do you think at this time we should prioritize buying or selling?
OANDA:XAUUSD
by Karina_Bella
4
XAUUSD : Prices continue to weakenHello dear friends! Gold prices today continued to fall sharply with gold down 25 USD to 2,001SD/ounce but soon regained the level of 2010 USD at the time of writing. Accordingly, gold prices continued to plummet to a more than 1-month low in mid-week trading session as strong economic data strengthened the USD and Treasury bond yields and reduced market expectations about the US interest rate cut in March. Gold's close below $2,015/ounce signals that the sideways range has been broken and the precious metal is entering bearish territory, with it still expected to reach $2,000 again and possibly lower to $1,990.
OANDA:XAUUSD
by Karina_Bella
GOLD-trading analysis strategies As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current geopolitical situation, gold's risk aversion is still the mainstream of the market. What the market needs to pay attention to on Thursday is: the number of initial jobless claims in the United States in the week to January 13, the annualized total number of new housing starts in the United States in December, The total number of building permits in the United States in December and the Philadelphia Fed manufacturing index in January. Gold is still in a downward trend, but if it falls below 2005 again, it will become oversold in the short term, so we have to look at gold in two ways. Xauusd:buy2000-2005 TP:2010-2015 SL:1997 Xauusd:sell2017-2022 TP:2012-2008 Xauusd:sell2028-2032 TP:2022-2015 SL:2035 There are the above three strategies for your reference. Choose the strategy that suits you according to your own funds and trading style. You also need to pay attention to the data released during the U.S. trading time, which will affect the trend of gold. Friends with small funds can wait for the data to be released before trading or reduce their positions before the data is released. Join me, I will continue to analyze and help everyone learn how to trade
TVC:GOLD
by UnknownUnicorn64321080
Gold suddenly dropped in price shockinglyHello everyone, it's fantastic to reconnect with you today, especially as we dive into the topic of XAUUSD! Today, we've seen a shift in gold prices, descending from $2,054 to $2,028 per ounce by Wednesday morning. This seems partly due to comments from officials at the U.S. Federal Reserve (FED), indicating that the U.S. is still far from reaching its inflation target of 2%. Consequently, the FED isn't rushing to cut interest rates and will consider doing so only when there's a more significant decrease in inflation. This has led to speculations that the FED will maintain its current interest rate after its meeting concludes on January 31. Following this news, the U.S. Dollar Index rose to 103.35 points. The strengthening of the USD is putting downward pressure on gold prices, potentially pushing them towards a support zone around $2,015. What are your thoughts on the future trajectory of gold prices?
OANDA:XAUUSD
by Karina_Bella
3
Gold price today and prediction of upcoming trendsHello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure profits. Looking at the technical analysis charts, gold seems to be forming a 'cup and handle' pattern, reinforced by a bearish signal from the reversing EMA 34. If gold breaks through the critical support level at 2015 USD, we might see a more significant drop, aiming next at the buyers' defense zone around 1982 USD. What do you think about the future of gold prices? Do you expect it to rise or continue its current downward trajectory? Share your thoughts!
OANDA:XAUUSD
by Karina_Bella
GOLD-analysis It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because economic overheating may threaten their efforts to combat inflation, the U.S. dollar index came out strong yesterday and gold fell sharply, indicating that the short-term market is optimistic that the Federal Reserve will maintain high interest rates, but the window period is approaching and the continuity remains to be seen. It can be seen that the downward trend of gold is obvious, but the support from 2015 to 2017 is also relatively strong. Xauusd:buy2015-2017 TP:2025-2030 SL:2011 Because it is a downward trend, the upper resistance is 2035-2038 Xauusd:sell2033-2038 TP:2028-2020 SL:2043 Join me, I will analyze and tell you how to trade every day
TVC:GOLD
by UnknownUnicorn64321080
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 2033.50 level. We look to Sell at 2032.80 (stop at 2044.80) Our profit targets will be 2002.80 and 1996.80 Resistance: 2084.45 / 2120.70 / 2140.20 Support: 2004.20 / 1984.70 / 1947.45 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