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XAUUSD - Gold reversed and strengthenedWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time). Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit. De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce. Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gol
OANDA:XAUUSD
by FalCol_TradingMaster
Gold increases as uncertain, need to check again!Hello traders! Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading. It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
OANDA:XAUUSD
by Nolan_Signal
Gold price is sustainable developmentHello traders! Today, we continue to see a positive trend for gold as it continues to move upwards after receiving favorable news from the market yesterday. The price has made a new breakthrough, jumping from $1913 to $1938 in early trading today. From the observation of the chart, we can see that gold has broken the downward trend with a breakthrough at $1913. With the tense situation in the Middle East, gold is still seen as a safe haven by investors. Therefore, the target for further price increase is strengthened, aiming for two important long-term levels at $1980 and $2050, as shown in the chart above.
OANDA:XAUUSD
by Nolan_Signal
Gold hits fresh monthly highs above $1,940Hello dear friends! The price of gold is consolidating its strong upward trend, reaching a new monthly high of $1,940 at the start of Wednesday. Increasing political tensions between Israel and Hamas, along with positive economic data from China, have boosted the demand for the precious metal. The next resistance level can be seen at the highest point on September 20th, which is $1,947, above which the highest point on September 1st, $1,953, will be tested. Sustained upward momentum beyond this level could propel a new upward trend towards the range of $1,970 - $1980. Further south, the previous day’s low of $1,912 will be on Gold sellers’ radars.
OANDA:XAUUSDLong
by Karina_Bella
1
Gold continues to grow according to the goal of 1970 USDHello dear friends, So today we are once again witnessing the shining performance of gold as the precious metal continues its upward journey of development. At the time of writing, gold is trading at $1948, with a total increase of $25 in the day and +1.33%. From the analysis chart, it can be seen that gold is rising in price and has now reached the upper limit of the Bollinger Band range, so there may be a slight downward movement in the short term, expected to find support at $1925. Karina still highly values long-term increases and aims for $1970. What do you think about the price of gold this week?
OANDA:XAUUSDLong
by Karina_Bella
Gold remains depressed on positive risk toneHello traders! Gold is currently trading at $1920 and remains unchanged from this morning's trading. Immediate support can be seen at the low of the previous day, which is $1908, and below that, $1900 will be tested. If gold does not stabilize around this level, the price retreat may extend to $1880. However, with the Relative Strength Index (RSI) indicator held comfortably above the midpoint for 14 days, gold buyers may find lower bid prices. As long as the strong support level mentioned above at $1900 remains intact, gold is forecasted to reach the significant level of $1930. Furthermore, the three-week high of $1933 may be retested on its way to reaching the highest level on September 20th, which is $1947.
OANDA:XAUUSD
by Nolan_Signal
Gold price continues to increase, current buying strategyWorld gold prices this morning reversed to increase slightly with spot gold increasing by 4.3 USD to 1,924 USD/ounce. Gold futures last traded at 1,937.2 USD/ounce, up 2.9 USD compared to yesterday morning. Despite stronger-than-expected US retail sales data and rising US Treasury bond yields, world gold prices in the evening session of October 17 (Vietnam time) still maintained a modest increase. obtained before. The newly released report shows that US retail sales in September increased by 0.7% during the month, a sharp increase compared to market expectations of 0.3%. The report boosted US Treasury yields and favored those with a hawkish view of US monetary policy, wanting to see interest rates rise more in the coming months. Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides. Currently, investors are looking forward to the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the comments. Recent dovish comments from some Fed officials. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, Millman added, even if we don't get any rate cuts anytime soon.
OANDA:XAUUSDLong
by FalCol_TradingMaster
New trading strategy for gold: increase prices to new high levelHello comrades, Today gold continues to trade around the 1913 USD mark with not much change compared to yesterday. From the 1D chart analysis, it can be seen that gold, after a strong price increase last Friday, is showing signs of price retesting after breaking out of the downward trend at 1910 USD. Currently, the immediate target for gold is gradually approaching the 1905 USD area (close to the operating area of EMA 34 and 89). If this target is achieved and gold maintains stable trading levels there, a new upward trend will occur with the nearest target at 1936 USD, followed by a higher peak at 1980 USD.
OANDA:XAUUSDLong
by Nolan_Signal
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