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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
XAUUSD - Gold in a volatile world, should you buy or sell?The world's gold price today, October 25, is in turmoil as the USD rises sharply, crude oil prices go down, and US bond yields heat up. Gold prices today fluctuated violently as financial investment increased the need to hold "greenbacks". This helped the USD Index increase to 106.27 points, creating momentum for the USD to increase in price very strongly compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound). , CAD (Canadian dollar), SEK (Swedish Krona) and CHF (Swiss Franc). Meanwhile, crude oil price dropped to 83.25 USD/barrel, 10-year US bond interest rate stood at a high level of 4.85%/year. In particular, financial markets became optimistic when Israel still delayed its ground attack on the Gaza Strip in the hope that the Hamas group would continue to free the hostages. With the above situation, many people may have seen the gold market fall into a disadvantageous position. So they sold this precious metal. The remaining gold wave crazes sell Dua, waiting for the price to decrease to buy back the difference. Immediately, the world gold price sometimes dropped from 1,980 USD/ounce to 1,950 USD/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
Gold price "BOOMING" at the end of the transactionDear beloved friends, Today, gold concluded its trading session with a significant surge in price. This precious metal has reached a high level of approximately $1932, experiencing a substantial increase of $63.53 in just one day. You may wonder why the price has risen so drastically. Regarding international market information: - Gold prices soared at the beginning of the trading session in the United States due to a stronger demand for safe-haven assets. This heightened demand is a result of escalating tensions between Israel and Hamas. - If the conflict in the Middle East continues to escalate, gold prices may continue to rise as they did during the previous conflict between Russia and Ukraine. Outcome: - This ongoing conflict will continue to impact both crude oil and gold prices, causing an increase in both commodities. In this context, gold becomes a safe haven for investors, leading to an unexpected surge in its value, resembling an explosion. Regarding technical analysis and price prediction for gold in the future: - Gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), indicating a strong possibility of further price increases. - Currently, gold is operating near a resistance level at $1935, with immediate support at $1905. Overcoming the $ 1935 resistance will open up the opportunity to increase the price for this precious metal towards higher levels at 1945 and 1965 USD as on the 4H analysis chart.
OANDA:XAUUSDLong
by Karina_Bella
6
Will gold prices fall back?Hello dear friends! At the end of yesterday's trading session, the price of gold experienced a slight decrease, ending the impressive rise to nearly $2,000 per ounce during the previous week, as tensions in the Middle East continue to escalate without signs of easing. In the context of ongoing political tensions, it is difficult to envision gold decreasing without some resolution to the situation in the Middle East. However, the $2,000 per ounce level holds significant psychological importance and for short-term traders, gold is expected to experience a slight decline before resuming its upward trajectory. Karina anticipates that gold may find initial support around $1,950 per ounce, followed by $1,920 per ounce. So what are your thoughts on the next trend for gold?
OANDA:XAUUSD
by Karina_Bella
5
Short -term analysis for today's strategy!Hello traders! This will be a short-term analysis for today. On the chart, the price range is narrowing with the potential for a significant breakout expected, which could lead to a decline in XAUUSD due to its recent downtrend. However, this decline is likely just a corrective move as the overall upward trend is still being reinforced by the ongoing volatility in the Middle East conflict. According to Nolan's analysis today, the decline could retrace towards the support zone at 1960 - 1955 USD before bouncing back from this level. The target remains at 2000 USD for the next upward move.
OANDA:XAUUSD
by Nolan_Signal
Update gold price at the beginning of the week! Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3 On the global front: - Political tensions in the Middle East remain unresolved and continue to escalate. - The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures. Result: Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts. On the technical side: - Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized. Expectations and forecasts for gold prices this week: This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark. Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
OANDA:XAUUSD
by Karina_Bella
2
What is special about gold price this week?Hello dear friends. As predicted by Karina earlier, as soon as the gold trading session began, it immediately turned around and declined to the level of 1975 USD. Karina had previously mentioned that after breaking out of the trend channel, gold is likely to return to test the previous breakout area to confirm the official uptrend. Additionally, the price is moving away from the EMA, so it needs to return to that previous area. Therefore, it is normal to see gold rising and then suddenly decreasing in price. Currently, gold is facing resistance at the level of 1980 and based on this possibility, the downward momentum may target support at 1845 USD. After that, the upward trend will officially resume and be established.
OANDA:XAUUSD
by Karina_Bella
7