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Gold price today: Buy it massively!Hello dear friends! Today, XAUUSD is trading at the level of 1917 USD and there haven't been many changes compared to the previous trading session. From now until the end of the week, the gold market is quite calm, as there is little macroeconomic data from the US being released. Currently, we need to wait for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19 when he speaks at the Economic Club of New York. It is expected that in the near future, the long-term downward trend of gold will continue. Political uncertainties continue to be factors driving the upward momentum of gold. It is anticipated that by the end of this week, the price of gold will trade in the range of 1,900 to 1,950 USD/ounce.
OANDA:XAUUSDLong
by Karina_Bella
4
GOLD - Gold long-term trading strategyThe radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot. World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect their assets. Although gold decreased in the first trading session of the week, this precious metal is still at a price of 1,900 USD/ounce. Gold, often used as a safe store of value in times of political and financial turmoil, rose 3.4% last Friday. This was the largest increase in seven months due to strong safe-haven demand and short-term liquidity. In the long term, gold is still supported by many factors, including purchasing activities of central banks. According to Bart Melek, commodity strategist at TD Securities, strong and sustained gold buying activities by central banks have created a solid foundation for gold prices recently and will be the main driver of metal supply. quarter to a new all-time high in the new year.
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD -Gold tends to decrease slightly, should you buy or sell?Last night - early this morning, investors continued to run out of gold as this asset increased in price for 5 sessions last week, up more than 5%, despite the sharp decline in the USD and geopolitical tensions in the region. The Middle East has not cooled down yet. The world's largest gold mining product SPDR version on October 17 still surprised with a net sale of up to 6.92 tons of gold. Since the beginning of October, this place has net sold up to 7 versions and only had 2 slight net buying versions. SPDR's buying level since the beginning of the month is only 1.8 tons of gold, while net selling is up to 20.19 tons of gold. Introducing the end of the golden month, because the report will be stronger than expected in the US, creating forecasts in the market that the Fed will raise interest rates again at its meeting in late October and early November next and maintain best. slower than forecast. Experts say that, as the USD remains at a 16-year high, the opportunity cost for gold trading increases. Meanwhile, the world's number one country in gold consumption, China, is still gloomy and will find it difficult to boost gold prices further.
OANDA:XAUUSDLong
by FalCol_TradingMaster
How was the first gold trading at the beginning of the week? Hello dear friends, it's great to meet again and chat in a new trading week! Currently, the price of gold is slightly decreasing this morning, with gold trading at $1920, down about $12 from the previous trading session. Last week, the gold market witnessed an impressive surge as the price of this precious metal increased by over $60 per ounce, thanks to strong safe-haven demand both at the beginning and end of the week. The decrease in US Treasury bond yields, weakening US dollar, and ongoing political instability continue to be factors driving the upward momentum of gold. Regarding the gold price outlook for this week, market analysts and retail investors alike expect gold to continue its upward trajectory, with a target price of around $1950 by the end of October 20th, followed by further breakthroughs. What are your thoughts? How do you think the gold market will move? Leave your comments below!
OANDA:XAUUSDLong
by Karina_Bella
2
Gold price skyrocketed after a day Hello traders! Yesterday, gold experienced extremely strong breakthroughs, easily surpassing the barriers at the 1888 and 1900 USD levels. Currently, gold has closed its trading with a rapid price jump, pausing at 1932 USD and increasing by approximately 3.40% in a day. The upward momentum is still showing no signs of cooling down, with strong support at 1890 and 1905 USD. The price target of 1970 USD is highly regarded for this price surge.
OANDA:XAUUSDLong
by Nolan_Signal
XAUUSD - Precious metals level off after 'galloping'Last week, the gold market witnessed the most impressive breakthrough since early spring when the price of this precious metal increased by more than 60 USD/ounce thanks to strong safe-haven demand at both the beginning and end of the week. Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase in price in the week ending October 20. On the data front, this week was a relatively quiet week with little important data being announced. In addition, September US retail sales numbers will be announced on Tuesday, the market awaits Fed Chairman Jerome Powell's speech on Thursday. In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's role as a safe haven will help fend off risks, which is even more beneficial for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD:Downtrend Gold is still in a downward trend, but from a technical point of view, it has already stopped falling yesterday, and all RSI indicators in each cycle are oversold.So I think there is still room for a rebound today. Today I bought below 1820 and all made a profit, but today the risk has increased. However, the technical indicators are still oversold, so the range we choose now should be reduced. Below 1815, we can buy in small batches. Because it is a downtrend, it is necessary to strictly stop loss. Now the space for gold is getting smaller and smaller. If you have very little funds, you can wait for gold to choose the direction before trading. Want to know how to trade?Like and subscribe.Follow me
OANDA:XAUUSD
by UnknownUnicorn60055110
Gold on the weekend, noted what?Hello traders! On the 1D chart, the downtrend channel continues to be active, and gold is still developing positively this week with a high price of $1883. However, it has not yet broken out of the prolonged downward trend. Expectations are that after gold reaches the upper limit of the uptrend channel at $1910, there will be a drop. On the other hand, breaking the trendline at $1910 in the future could open up new highs for gold. However, I still have a strong belief that prices will decline in the near future because EMA and RSI are still supporting discounts
OANDA:XAUUSD
by Nolan_Signal
Does gold price regain $ 1900?Hello dear friends! As predicted yesterday, there hasn't been much significant movement in the price of gold, whether it's an increase or decrease, as it seems that the market is focused on the upcoming PPI and USD news to be released today and tomorrow. These could be important news for gold at the current time. On the upside: Gold has started a sideways trend after a breakthrough to $1861 on Monday. Currently, the precious metal is trading steadily at $1863. The next moves after breaking through the resistance level at $1873 could provide further momentum for gold aiming towards the expected high of $1900.
OANDA:XAUUSD
by Karina_Bella
3
Gold price stands close to the highest level in two weeksHello dear friends! Gold is currently increasing as we predicted yesterday, with a reversal from the EMA 34 and 89 opening up an upward trend. Additionally, gold has received a price boost as news from last night caused the USD to cool down and adopt a defensive stance, helping gold bounce back. From a technical analysis perspective: Gold needs to maintain its ability to rise today at the $1800 level in order for the upward momentum to continue. On the other hand, gold prices may face a challenge near the $1860 area (EMA 34 zone), and a deeper decline could reach the round number of $1840 (EMA 89 zone). What are your thoughts on the price of gold today and in the near future?
OANDA:XAUUSD
by Karina_Bella
8
Gold today: Continue to increase pricesHello dear friends, do you think gold will increase or decrease today? Gold is currently holding well at its recovery level since it last dropped to a low price of $1810. It is currently trading steadily at $1860 - $1861. On the 4-hour chart, we can observe that after the Bollinger Band narrowed at $1822, it has expanded and the upward trend has been established as predicted by Karina earlier. Currently, the Bollinger Band is still maintaining a good expanding trend. With important news being received in the market today, personally, I predict that gold will experience a slight correction down to $1840 (which coincides with the Bollinger Band's support line) before using it as a support level to continue its upward movement. Additionally, Karina still holds a high evaluation for a recovery price target of $1900 at the moment.
OANDA:XAUUSD
by Karina_Bella
3
GOLD (XAUUSD): Important Key Levels Ahead of FOMC 🥇 Traders, do not forget that today we are expecting FOMC. Here is my latest structure analysis for Gold. Support 1: 1804 - 1811 area Resistance 1: 1884 - 1890 area Resistance 2: 1901 - 1908 area Resistance 3: 1942 - 1952 area The market will most likely keep growing before the news. Then everything will depend on the FED. Consider the following structures for pullback / breakout trading. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
10
Positive signals appeared causing gold to recover as Middle EastThe current spot price for gold on the global market is approximately $1,856 per ounce. The price of gold delivered at Comex New York in December was $1,872/oz. Gold prices rose after Israel refused to make peace with Hamas. Both Israel and Hamas appear determined to continue their attacks. Talks have begun between the EU, the US, the United Arab Emirates, Saudi Arabia, Jordan and Qatar, but it is seen as too early to reach an agreement. After Israel declared war, the price of gold rose as the price of crude oil, which is closely related to gold, rose. gold price prediction Experts at Leader Capital Markets told Reuters the dispute is likely to be long and severe. ANZ Bank experts expect oil prices to continue rising in the near future. The recent rise in oil prices is also due to a decline in supply due to reduced production in OPEC+ countries. Iran's export cuts could cause supply bottlenecks in the fourth quarter. When the world is unstable, gold is often seen as protection from the storm. The ongoing conflict between Israel and Hamas is likely to prompt a shift towards safe-haven investments such as gold and the US dollar. Currently, many organizations do not provide gold price forecasts. Much is said to depend on how long the conflict lasts and how tense the situation becomes.
TVC:GOLDLong
by TheLeader_WOLF
XAUUSD- Gold prices climbed high, oil and USD went downWorld gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning. Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the precious metal hold on to its previous gains due to the rise in bond yields. Although gold is not shining, market analyst Fawad Razaqzada at City Index believes that this precious metal will still find strength in a risk environment. Besides, the fact that the USD did not find motivation after Friday's stronger-than-expected employment report has made many investors think about the possibility that the greenback has peaked and that is a good sign for the market. golden school. This expert said that spot gold continued to hold above 1,857 USD/ounce on Tuesday afternoon (US time) and that was the first important short-term resistance level. While a slight pullback from this level is understandable, the reality is that support in the long-term area around $1,805 to $1,820 an ounce was in place last week, before the risks flared. political geography. This expert said that is a good sign for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
2
Update the latest gold priceHello dear friends! Today, gold continues to maintain its strong upward trend. Currently, gold has increased by 0.12% in the day and is trading at $1863, an increase of approximately $22 compared to the same time yesterday. On the analysis chart, the two EMA lines, 34 and 89, are gradually converging, indicating that gold may experience a slight decline towards the support level of $1845 before the next trend becomes clearer. However, Karina still holds the opinion that gold still has the opportunity to rebound and potentially reach the $1900 mark in the future. What about you? Do you share the same viewpoint? Leave a comment and let Karina know!
OANDA:XAUUSD
by Karina_Bella
1