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Gold price today: Trading is quietHello everyone, nice to meet you again in today's talk about gold prices. Currently, gold price is fluctuating around 2050 USD and down nearly 8 USD compared to yesterday's transaction. In general, the first day of the gold week did not have much change in trend because the US market was closed during the Martin Luther Day holiday. However, escalating geopolitical tensions in the Red Sea and a risk-on environment still benefit safe-haven assets such as gold. December retail sales next Thursday and a preliminary estimate of the January Michigan Consumer Sentiment Index on Friday. The focus will remain on inflation, as Canada, the UK, Germany and the Eurozone will post updates, which will directly impact gold prices whether they have breakouts to the upside or downside. new.
OANDA:XAUUSD
by Karina_Bella
1
Gold's (XAUUSD) bullish flag breakout! New high? 16.1.2024A bullish flag pattern is a continuation trend which is built by 3 steps: 1. A flag pole, the size of movement up before the tunnel pattern started. 2. A tunnel pattern going down (flag) 3. Breakout above tunnel, movement up projected the size of the flag pole. Currently, we are step number 3. A breakout above the flag roof had been confirmed. A retest of the flag would be at 2020. A retest of the flag floor would be at 1990. The projected movement up target is at ~2160. This fits perfectly with the lack of political stability globally, as well as inflation concerns.
OANDA:XAUUSDLong
by Exactus
GOLD-Will it break through 2062 today? The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the period, and its reliability helps offset the risk of greater asset volatility in conditions such as geopolitical uncertainty. A series of data were released last week, digesting the impact of a series of U.S. interest rate cuts. Short-term U.S. Treasury yields have been falling in the past few months, which has also provided some support to gold. Therefore, gold's safe-haven function is very strong in this cycle. Today I think there is a high chance that gold will continue to rise Yesterday, the range of gold was 2048-2058, which is in line with my analysis yesterday. Today we still have to pay attention to whether 2062 will break through. Xauusd:buy2042-2045 TP:2050-2055-2058 Friends with more funds choose to buy now at 2048 If 2062 is exceeded today, I still think gold may rise to around 2075-2079 I hope my analysis can help everyone, join me, I will continue to analyze
TVC:GOLDLong
by UnknownUnicorn64321080
Gold price todayHello dear friends, Today the price of gold is trading quite gloomy, down nearly 5 USD and trading around 2050 USD with the trend seemingly starting to move sideways as the market is quite quiet from the holiday event of banks . The next downside price objective is seen at the triangle support at $2,049. Further out, Friday's low of $2,027 could bring temporary respite to Gold buyers. The final line of defense for Gold optimists is seen day at $2,020. On the upside, strong resistance is seen at around $2,060, above which static resistance at $2,080 will come into play. If the bullish momentum regains traction, a retest of the $2,100 barrier cannot be ruled out.
OANDA:XAUUSD
by Karina_Bella
Sell ​​strategy, after retesting resistance will increase againGold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US airstrikes in Yemen raises risks. Gold tends to perform well during times of economic uncertainty, with its reliability able to help offset the risks of more volatile assets in conditions such as geopolitical instability. “Spot gold is also rising as the market clings to hopes that the Fed will cut key interest rates as early as March,” said Han Tan, chief market analyst at Exinity Group. Gold's chances of reaching a new record high will remain open as long as the Fed can act in line with market expectations
OANDA:XAUUSDLong
by NicoTradingMaster
Gold will have a decline and then increase againWorld gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning. The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected. The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points. Although gold prices are rising, some analysts say the precious metal needs a new catalyst or at least clearer clues about the Fed's monetary policy direction to break out of its current range. in. According to Trade Nation senior market analyst David Morrison, although gold continues to hold its position, more effort is needed to attract new investors to the market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Continuing to return to the price increase journey?Welcome to a new promising and productive trading week! Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply from this point. Tensions in the Middle East are having a clear impact, easing pressure on the USD and bond yields, thereby supporting gold prices. In the short term, demand for safe havens will likely push gold prices higher. With the current picture, can we expect a gold price race to new heights? What about you, do you expect a wave of price increases for gold? Share your thoughts on where gold goes next in this exciting market!
OANDA:XAUUSD
by Karina_Bella
1
Gold price on the first day of the new weekHi everybody! It's great to start the new week with this conversation with you all! Let's look back a bit at gold last week, it really impressed me. Gold glided sideways near 2030 USD and then suddenly "danced" to 2061 USD on Friday, before turning around to correct. Now, what makes me excited is the fact that gold is currently at 2050 - 2051 USD entering the new week. Interestingly, gold's rally was fueled by weakness in US Producer Price Index (PPI) data and geopolitical tensions in the Middle East. Like a skilled dancer, gold escaped the bearish 'dance', returned to test the Breakout area and danced with the two EMAs. This makes me feel quite optimistic that gold will not stop here. It appears to be heading towards a new high - $2088. How about you? Do you think gold will continue to rise, or will it turn downward this week? Please share your thoughts!
OANDA:XAUUSD
by Karina_Bella
1
GOLD-Will it break through? Today, we will pay attention to the annual and monthly rates of US PPI in December announced in the US market. At present, gold has failed to break through 2042 after many attempts, but it was supported twice in 2013-2015. Now you can see that the fluctuation range is 2013-2042 I think the possibility of gold breaking through 2042 is relatively high, and it is within the range, but it is not appropriate to sell now. When we trade gold, we mainly buy at low prices. Strategy 1: Xauusd:buy2022-2025 TP:2030-2038 Strategy 2: If gold breaks through 2042, choose the support point to buy and follow the trend to trade. The market changes rapidly. Join me and I will continue to analyze and grasp the market trends.
TVC:GOLDLong
by UnknownUnicorn64321080
Where will gold prices go in the near future?Hello everyone! Let's chat about gold, shall we? What do you think will happen to gold in the near future? Looking at the charts from last week, gold took a slight dip, but the long-term outlook remains quite positive. It bounced back beautifully from the trendline, like an athlete clearing a high jump with ease. As long as that trendline holds strong, I believe gold is set to make a splash towards the 2065 and 2088 USD price levels. What about you? Do you think gold has the potential to climb in the coming period? Let's hear your thoughts!
OANDA:XAUUSD
by Karina_Bella
1
Gold price and prospect of increase?Hello dear friends ! Yesterday as we expected, gold fluctuated and fell sharply until 2013 USD and completed the selling target as mentioned before. However, the price quickly returned to 2033 USD like the previous days and continued to stabilize around this area. The yellow metal's upside could be limited by the possibility that the Fed may not start cutting interest rates as soon as expected, which could put some selling pressure on XAU/USD prices. Review and trend of gold: In general, gold is still in a downtrend, but the selling force has gradually decreased and the possibility of switching to an increase is due to the appearance of signs of convergence from the trendline and the RSI indicator. The support level around 2015 - 2017 USD has not been broken and is still a bright spot for gold to rebound. And you, do you think gold can increase again?
OANDA:XAUUSD
by Karina_Bella
1
Should gold be prioritized for sale anymore?Hello everyone, what do you think about the price of gold? Today gold does not have too many fluctuations, mainly around 2030 USD and the trend is still stuck in a downward trend! About gold trading strategy: -On the analysis chart, gold is limited below the resistance level of 2036 USD and confluences with the two EMA lines, so the downtrend is even more supported. Therefore, we will prioritize Sell orders with the goal of taking profits at the defensive level of the Bulls in 2020 - 2017 USD. Good luck to you !
OANDA:XAUUSD
by Karina_Bella
Stand still and wait for news, CPI news trading strategy todayWorld gold prices were relatively stable with spot gold down 5.3 USD to 2,023.5 USD/ounce. Gold futures last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning. World gold decreased slightly in the mid-week trading session as investors were waiting for US inflation data to gain more clarity on the US Federal Reserve's (Fed) interest rate roadmap this year. RJO Futures senior market strategist Bob Haberkorn said lower-than-expected inflation data would give the Fed more reason to cut interest rates this year, which would push gold prices higher. US consumer price index data will be released on Thursday. According to a Reuters poll, economists predicted annual inflation would come in at 3.2% in December, but said core inflation could fall to 3.8%, the lowest since December. mid-2021. A report from the New York Fed revealed that consumers expect inflation to decline, while Fed Governor Michelle Bowman said on Monday that the US Central Bank's monetary policy appeared to be "adequate". limit".
OANDA:XAUUSDLong
by FalCol_TradingMaster
Can gold price drop to 2000 USD?Hello, my beloved friends! 💖✨ Today's meetup is as dazzling as a glint of gold! Gold today is doing what it does best: keeping our eyes glued to its every move! Trading around 2028 USD, it took a leap just as we anticipated yesterday, after a thrilling retest party at the Breakout area and the EMA ribbon. 👀📉 Let's chat prospects: On the 4-hour chart, gold is performing a downward ballet, with the EMA 34 spotlighting the trend. The support level at 2017 USD is center stage, but if this show ends, we might see gold gracefully dive towards the 2000 USD mark, or even take a bow at the bear’s ideal spot at 1982 USD. As long as gold keeps dancing below the 2050 USD resistance level, the path downwards is wide open. What about you? How do you foresee the glittering future of gold prices? Share with me! 🌟📈💃
OANDA:XAUUSD
by Karina_Bella
3