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Gold quietly waiting for Fed's decisionHello, Karina's amazing friends! Today, gold continues to move calmly and there aren't many changes compared to yesterday, trading around $1995 - $1996. Although we are currently optimistic about the potential increase in gold prices due to geopolitical tensions in the Middle East, we still need to keep an eye on the Federal Reserve's interest rate decision on Wednesday. This could be seen as a significant milestone to boost gold prices as gold has been relatively stable in recent days, so any important action from the Fed could cause a strong increase or decrease in gold. Resistance level on the chart: $2005 Support levels: $1965, $1980.
OANDA:XAUUSD
by Karina_Bella
4
Gold prices today: Trading around the $2000 mark.Hello Karina's friends, At the opening of today's trading session, gold has started to decline slightly by around $10 from $2006 to $1996. However, on larger timeframes such as the 4-hour and 1-day charts, they are supporting an upward trend, and the 1-hour chart shows the same. It can be seen that after gold once again touched a strong psychological resistance level at $2000, investors who wanted to sell quickly pushed back this price increase. However, it is expected that gold will not decrease significantly, with a possible limit around $1985 in the vicinity of the 89-EMA zone, followed by a return to the upward trend of this precious metal. The next target will be $2015, which is a resistance level mentioned in the analysis. This week, we will receive a lot of important information, including the Fed Chairman's interest rate decision speech on November 1st and PMI data on November 3rd. These pieces of information will answer all our questions as they will have a significant impact on the price of gold. At that point, the next move for gold will become clearer.
OANDA:XAUUSD
by Karina_Bella
7
GOLD - World gold prices decreased slightly in the first tradingThe world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy stance. According to the CME FedWatch Tool, the market seems certain that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this meeting. At the same time, the Fed is expected to maintain restrictive monetary policies for the foreseeable future. Some analysts warn investors to be cautious with gold prices in the region of 2,000 USD/ounce because the market may adjust downwards based on the Fed's monetary policy stance, which could keep interest rates high in the future. this time. longer period. Ole Hansen, commodity strategist at Saxo Bank, said the Fed's tough stance on interest rates could keep investors away from gold-backed exchange-traded products, which could cause gold prices to fall. next time. In addition, gold prices may decrease due to profit taking by investors.
TVC:GOLD
by FalCol_TradingMaster
XAUUSD - Starting the new week, gold increases or decreases?The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow metal was once again trading at $2,000 an ounce as advisors sought alternative buying in the event of a deterioration. This position also suggests that the Fed's hawkish stance means Treasury yields peak, which will benefit the yellow metal. He thinks the “variable” will be uncertainty about what will happen in the Middle East. “The Fed is a restraining factor, while conflict in the Middle East is a driver for gold. And that makes me neutral on gold prices," he said. The Fed's interest rate decision on Wednesday will be the economic scenario expected this week with 94.2% predicting the central bank will keep interest rates on hold. This week the market also receives the October non-farm payrolls report on Friday.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - USD price increases, gold is still hotGold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US Department of Commerce said orders for long-lasting goods increased by 4.7% (equivalent to 13.2 billion USD) in September. This number increased higher than forecasts of economic experts. Better-than-expected US economic data caused the USD to increase in price, supporting Treasury bond interest rates. This makes the attractiveness of non-yielding assets such as gold significantly decrease. The recent recovery was mainly driven by capital flows seeking safe havens due to concerns that the conflict between Israel and the Islamist force Hamas would spread. Gold prices cannot return to the 2,000 USD/ounce mark in the short term.
TVC:GOLDLong
by FalCol_TradingMaster
Quiet gold trading but still not stoppedHello dear friends! Gold prices today continue to trade quietly with minimal fluctuations, as this precious metal remains sideways around the $1975 range, and there is still limited information regarding future trends. However, it is not because the upward momentum of gold has ceased, but rather the market needs to consolidate above the resistance level of $1985 per ounce. The psychological level of $2000 per ounce is crucial, especially for short-term traders, so gold may experience a slight decline before resuming its upward trend. According to Karina, a potential decline could occur near the initial support level around $1950 per ounce, followed by $1920 per ounce. Gold has experienced rapid gains over the past two weeks, so a profit-taking phase may be activated this week. What are your thoughts? Do you think gold will rise or fall?
OANDA:XAUUSD
by Karina_Bella
9
Great trading strategy for gold price today!Hello dear friends! The price of gold is continuing to approach the $2000 mark today, with the precious metal currently trading at $1991, marking an increase of nearly $12 for the day. However, the psychological barrier of $2000 still remains a strong resistance level. Karina's trading idea is to set a sell order when gold reaches this resistance level. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend is expected to continue. What about you? What are your thoughts and opinions on the price of gold?
OANDA:XAUUSD
by Karina_Bella
2
Gold sees upside risks intact, with eyes on the $2,000 markHello dear friends! Today, the gold market is relatively quiet as prices have slightly decreased, fluctuating around $1970 - $1971 per ounce. Gold is facing profit-taking pressure after a recent strong rally. Investors are taking profits as the USD shows signs of strengthening. To challenge the highest level reached on July 20th, which was $1988, buyers will need to accept a higher level. After that, their target will be the highest level in 5 months, which is $1997, surpassing the $2000 barrier. On the other hand, if sellers regain control, they will try to break the lowest level reached on October 23rd, which was $1963. Further down, the psychological level of $1950 will be tested again. The buying limit for gold is estimated to be at its lowest on October 19th, at $1945. As for the outlook for gold prices this week: We need to pay attention to the US GDP report for the third quarter, which will be released on Thursday (26th). The Personal Consumption Expenditures (PCE) index will be announced on Friday (27th), along with other economic reports, especially the speeches by European Central Bank President Lagarde and Federal Reserve Chairman Jerome Powell.
OANDA:XAUUSD
by Karina_Bella
2
XAUUSD light position trading strategy Gold fell back on Tuesday, and the final closing price was around 1971. Since the support below 1955 has been tested, our strategy today is still to be short and long. If the gold price continues to fall back to around 1964, we will continue to go long. It is recommended to light warehouse Golden signal: buy1964-1969 tp1978-1980 sl1959 The channel shares real-time technical analysis and trend judgment. I hope interested traders can join me.
FX:XAUUSDLong
by Krause_Philipp
XAUUSD - Continued to fall sharply as the USD soaredGold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April 2023, only a few US manufacturing purchasing managers have fallen below 50 points and have now returned to this level. In particular, in the European region, the PMI index in the manufacturing sector of major economies including the UK and Germany also increased. Specifically, the October product sector PMI in the UK reached 45.2 points, higher than the forecast of 44.7 points and September's level of 44.3 points. The PMI index of the manufacturing sector in Germany in October reached 40.7 points, higher than the 40 points of the newspaper project and 39.6 points in September. Although the PMI index of the UK and Germany has not reached the opening level. widely, but increased more than forecast and last month showed telling economic signals of a product recovery. After the PMI index increased, the USD skyrocketed. The Dollar-Index - measuring the strength of the USD in a basket of 6 home currencies, increased sharply by 0.7% compared to the previous session, to 106,270 points, at 6:22 a.m. this morning (Hanoi time).
OANDA:XAUUSDLong
by FalCol_TradingMaster