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XAUUSD:17/6 Today's Analysis and StrategyGold prices are showing a downward trend after a sharp rise last Friday and are currently trading around 2318. With a bearish crossover of the moving averages and a bearish signal from the relative strength index (RSI), gold prices are once again facing the test of 2300 and 2277. From a technical analysis perspective, the short-term technical outlook for gold prices is still in favor of the bears. The upside for gold prices is limited by the confluence of the 21-day moving average (SMA) and the 50-day SMA near 2345. The 14-day RSI remains below 50, close to 48.00, while the 21-day SMA crossed the 50-day SMA from above to below at the close of last Friday, forming the so-called "death cross". Gold technical analysis Daily resistance 2340-70, support 2277 Four-hour resistance 2328-40, support 2307-2277 Gold operation suggestions: Today's gold price fell directly from Friday's closing price of 2332. The current lowest price has reached 2314. The key support below is around 2314, which is the current watershed of gold price strength. At present, the overall market is still in the 2310-40 oscillation range. The focus on the upper side is the 2335-40 line suppression. If this high point is reached, short selling can be considered. The recent market focus only needs to pay attention to the breakout of the large range of 2300-2340. SELL:2340 near SL:2345 BUY:2277 near SL:2274
OANDA:XAUUSD
by ActuaryJ
GOLD - The flag pattern appears clearlyBUY GOLD 2312-2313 GOLD in the current European session has also reached its very low zone. Previously, GOLD had formed a weak support zone at this price level. Although it was weak support, in the European session it was clearly quite strong. There is little reason to confirm that gold will break this zone, so you should place full TP/SL, don't abuse leverage, only risk about 1-2% of your total capital. Please. -- Last Sunday, Minneapolis Fed President Neel Kashkari stated that it's far affordable to are expecting that americaA Central Bank will handiest reduce hobby quotes as soon as this year. This announcement had a good sized effect on marketplace psychology. This week, US retail income information, weekly jobless claims and shopping managers` indexes are anticipated to offer similarly clues approximately the course of the Fed's hobby quotes. Although gold expenses have decreased, professionals nonetheless trust that gold is in a good environment. Data launched remaining week confirmed that hard work marketplace and fee pressures are displaying symptoms and symptoms of cooling. Capital monetary marketplace analyst Kyle Rodda stated that information displaying symptoms and symptoms of weak spot withinside the US financial system may want to weaken the USD and growth expectancies of destiny hobby charge cuts. . Precious metals continue to be supported via way of means of hopes that subsequently the Fed will need to pivot its policy. In addition, political instability in France additionally multiplied danger aversion globally, supporting to enhance safe haven call for for the treasured metal.
TVC:GOLDLong
by Chart_MasterPro
Gold prices rebounded due to unfavorable news for the dollarGold rate remaining week began out the primary buying and selling consultation at 2,293.70 USD/ounce. During Sunday night buying and selling, spot gold surpassed $2,three hundred an oz. approximately hours earlier than North American markets opened and that degree held in the course of the relaxation of the week. After that, gold costs reduced slightly, to approximately 15 USD/ounce because the marketplace waited for americaA purchaser inflation file and the FOMC`s hobby fee announcement, up to date monetary forecasts and the clicking convention of FED Chairman - Mr. Jerome Powell on Wednesday. The US CPI file brought on the marketplace to interrupt out of sideways buying and selling, pushing spot gold from $2,313/ounce to a excessive of $2,336.72/ounce. By the time the FED introduced that they might preserve hobby charges unchanged, costs had lower back to $2,326/ounce and see gold endured to be offered off because the marketplace absorbed the FED Chairman's "hawkish" stance. By Thursday, spot gold had over again slipped to help levels. However, the treasured steel has considering that visible a strong healing. By Friday morning, gold costs over again increased, remaining the buying and selling week at 2,332 USD/ounce. After a protracted slide, global gold costs recorded a sturdy healing week. This is inflicting many specialists to make pretty superb forecasts approximately the short-time period possibilities of treasured metals. James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold costs to upward thrust subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for longer-time period help. Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management - said: "I am positive approximately gold subsequent week. It looks like gold is prepared for a technical healing." In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are notably extra positive approximately the short-time period possibilities of treasured metals. eight specialists (accounting for 62%) assume gold costs to upward thrust better subsequent week. Only analysts (or 15%) are expecting costs will decline. The closing 3 people (equal to 23%) assume gold to alternate sideways subsequent week. Meanwhile, 216 votes had been solid in Kitco's on line poll. Of these, 117 traders (equal to 54%) are expecting gold costs will growth subsequent week. Another forty nine people (equal to 23%) are expecting treasured metals will lower in rate. While 50 people (equal to the closing 23%) forecast that gold costs may be flat subsequent week.
TVC:GOLD
by Chart_MasterPro
Gold shows a strong upward trend during the weekLast night, whoever accompanied me additionally shared very honestly approximately Gold`s Plan. With the cutting-edge Rhythm, Gold is absolutely at the promoting side. Like I stated remaining night. If this morning Gold will increase strongly thru the length 2335>2336, it's far possibly that Gold will growth 234x. And if Gold can not byskip the 3x stage, I will promote in keeping with Ma89 in Frame H4 and the Ma D1 Trend Plan is reporting a decrease. >Sell Gold order from fee 33 remaining week of Smooth nonetheless holds. Today, all buyers can discuss with this Plan to change. > Canh Sell Gold 2326>2329 SL 2332 TP2320>2214 Buy Gold Below the vintage accumulation area 2306>2309 SL 2303 TP 2316>232x This is my advice from my perspective, and buyers can observe the fashion to change more 👌👌
TVC:GOLDLong
by TheLeader_WOLF
World gold prices plummeted, any opportunities for investors?SELL 2320-2335 TP 228x Spot gold rate on the arena marketplace this afternoon June 14 stood at 2,313,3.7 USD/ounce, up 10.1 USD/ounce. Gold futures rate stood at 2,326.1 USD/ounce, up 9.6 USD/ounce. Thus, in comparison to this morning`s buying and selling session, international gold increased. Commenting at the gold rate trend, a few specialists consider that the gold marketplace continues to be below strain as traders hold to investigate facts on the US Federal Reserve's June financial coverage meeting ( FED). Any selections on financial coverage through the FED will rely upon the precise state of affairs of the economy. Despite being below strain, the truth that gold continues to be above 2,three hundred USD/ounce proves that consumers nonetheless actively don't forget corrections and rate drops as true possibilities to boom gold holdings. Although the FED is slower than different crucial banks in loosening financial coverage, as soon as the selection to reduce hobby charges is made, gold will boom. Investors are predicting that 64% of the FED will reduce hobby charges in September, down from 71% formerly predicted. Market analyst Carlo Alberto De Casa of Kinesis Money stated that, regardless of the strain, the truth that gold continues to be above 2,three hundred USD/ounce proves that consumers are nonetheless actively thinking about corrections and rate discounts as possibilities. Good possibility to boom gold holdings. Founder and Chairman David Rosenberg of Rosenberg Research stated that despite the fact that the FED is slower than different crucial banks in loosening financial coverage, as soon as the selection to reduce hobby charges is made, gold will boom. Last week, each the European Central Bank and the Bank of Canada determined to reduce hobby charges.
TVC:GOLDShort
by Chart_MasterPro
XAUUSD: Thursday 13/6 Analysis and StrategyGold technical analysis Daily resistance 2328-40, support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: On Wednesday, the US May CPI data was lower than expected. Gold was boosted by the unexpectedly weak US CPI report and hit the $2340 line. Later, it fell back due to the hawkish signal of the Fed's latest interest rate forecast, but the daily line still rose, rising for the third consecutive trading day. The gold daily line fell back after reaching a high. The daily line has experienced a rebound for three trading days. Yesterday, it was accompanied by a shock wash method of first touching the high and then under pressure. The previous rising neckline position of 2280~2290 will be repeatedly tested. Although the overall price of gold has entered a rebound rhythm, 2340 will become a strong resistance area for short positions in the short term. If it rebounds to 2340, it will be bearish first. The support below is around 2307. Secondly, if the weekly support of 2277 breaks, it will look at 2200. The short-term watershed between long and short positions is 2340. Before the daily level breaks through and stabilizes this position, the suppression and bearish rhythm will continue to remain unchanged. SELL:2328 near SL:2331 SELL:2340 near SL:2345 BUY:2277 near SL:2274 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold price "like never before changed" after CPIWorld gold fee at the night time of June 12 is set 12.eight% higher (265 USD/ounce) in comparison to the give up of 2023. World gold fee transformed via way of means of financial institution USD fee is at 72.1 million VND/tael, along with taxes and fees, approximately four.eight million VND/tael decrease than the home gold fee as of overdue afternoon on June 12. World gold charges soared because the USD plummeted after the United States introduced anticipated monetary information. The USD opened the buying and selling consultation on June 12 at the US New York marketplace (at the night time of June 12, Vietnam time) losing very sharply. The DXY index (which measures the dollar`s fluctuations in opposition to six foremost currencies) at the start of the consultation fell to 104.four points, from the preceding degree of above one zero five points. The USD dropped after the United States introduced that the patron fee index (CPI) in May cooled quicker than economists predicted. Accordingly, the United States CPI index remained unchanged after growing via way of means of 0.3% withinside the preceding April. Economists had formerly forecast an boom of 0.1%. The falling dollar reasons gold charges to boom sharply. Compared to the identical period, CPI accelerated via way of means of 3.3%. This continues to be excessive in comparison to the 2% goal of the United States Federal Reserve (Fed). However, it makes buyers much less concerned approximately the opportunity of fee inflation escalating again. The 3.3% degree is likewise a lot decrease than 6.5% on the give up of 2022 and 9.1% in June 2022. In May, US center inflation (except meals and strength charges) accelerated via way of means of 0.2%, decrease than the forecast of 0.3%. Gold fee forecast On Kitco, Michael Brown, an professional from forex brokerage Pepperstone, stated the contemporary inflation information may want to alternate psychology on the Fed in advance of the agency's financial coverage decision. Adam Button, head of foreign money approach at Forexlive, stated that once the inflation information, alerts from the marketplace confirmed that the Fed could have hobby fee cuts this year, with an 80% chance. The first cuts will take region in September. This additionally approach that because the USD depreciates, gold will benefit.
TVC:GOLD
by Chart_MasterPro
XAUUSD:12/6 Today’s Analysis and StrategyGold technical analysis Daily resistance 2340-70, support 2277 Four-hour resistance 2328-2340, support 2307-2277 Gold operation suggestions: Gold will continue to pay attention to the pressure near 2340 and 2370 during the day. As long as the market continues to run below this price, the overall structural trend will still be weak. Pay attention to the competition between long and short positions near 2277 during the day. Subjectively, we still expect gold to break this support again under the influence of fundamentals, bringing a new round of mid-line downward trend, but it is not easy to judge whether it can be established from a technical point of view. This requires attention to the impact of today's US CPI data and the Fed's interest rate decision. Today, the lower support continues to focus on 2305-2307. If it falls back during the day, we will continue to be bullish. The upper pressure will be around 2328. Today, we will rely on this range to maintain high selling and low buying. In the short term, the gold price is expected to continue to exchange time for space to maintain the rhythm of wide range of fluctuations between bulls and bears. Before further breaking through the 2270 mark, we will maintain the range fluctuation approach. SELL:2328 near SL:2331 SELL:2340 near SL:2345 BUY:2277 near SL:2274 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
GOLD - Chinese investors - strongly influence gold pricesXAU - 14:00 June 12, 2024 In Asia, gold`s attraction maintains to bolster as call for for the valuable steel soars, while costs linger close to anciental peaks reached in May. Spot gold is presently buying and selling above $2,three hundred an ounce, reflecting a 12% growth considering the start of the yr and coming near its report excessive from remaining month through simply 6%. The growth in gold purchases is thought to be because of a mixture of factors, such as geopolitical tensions and financial uncertainty. Investors are turning to gold as a hedge, with self belief waning in different funding avenues which includes actual property and stocks. Ruth Crowell, leader government of the London Bullion Market Association, factors out that cutting-edge developments ought to trade as soon as the macroeconomic surroundings stabilizes and different funding alternatives turn out to be greater attractive. In Japan, optimism toward gold persists no matter excessive costs, with greater people favoring making an investment in gold than individuals who do not. Bruce Ikemizu, director of the Japan Bullion Market Association, mentioned bullish sentiment withinside the usa. Chinese investors, going through demanding situations which includes foreign money devaluation, a extended droop withinside the actual property area and alternate conflicts, are an increasing number of making an investment in gold. The usa mentioned a 27% growth in purchases of gold cash and bars withinside the first region of the yr. four hours ago TRADING SUGGESTIONS: XAUUSD BUY LIMIT 2303 - 2305 TP1 2316 TP2 2328 SL 2298
TVC:GOLDShort
by TheLeader_WOLF
XAUUSD: 10/6 Analysis and StrategyTechnical analysis of gold Daily resistance 2307-40, support below 2277 Four-hour resistance 2307-2340, support below 2277 Gold operation suggestions: Last Friday, the overall technical side of gold prices fell under pressure at the 2387 mark. The European session broke through the two integer mark supports of 2350 and 2340. Finally, under the negative influence of NFP data, the gold price fell straight down and broke through the 2300 integer mark in the US session, and closed near the intraday low of 2386. After nearly three weeks of repeated fluctuations around the 2315 mark, the overall price ushered in a short-seller pressure and fell to a new low. The short-term and medium-term moving averages completely entered the short-term pattern, and the short-term downward space was completely opened. From the daily line analysis, today's upper short-term resistance is focused on 2307-2310. If it rebounds to this position during the day, it will continue to fall. The lower target continues to look at a new low. The short-term short-term weakness dividing line focuses on the 2340 line. Any pullback before the daily level breaks through and stands on this position is a short-selling opportunity. SELL:2340 near SL:2343 SELL:2307 near SL:2310 BUY:2277 near SL:2274 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
7
World gold price todayWorld gold charge today World gold fees inched up barely with spot gold growing through 5.eight USD to 2,310.2 USD/ounce. Gold futures ultimate traded at 2,327.nine USD/ounce, up 2.nine USD in comparison to the day past morning. After struggling the most powerful sell-off in almost 4 years because of stronger-than-predicted US employment information, global gold fees remained strong at the start of the week, even as traders awaited the financial coverage meeting. forex of americaA Federal Reserve (Fed) this week to similarly make clear the destiny coverage path of americaA Central Bank. Market strategist Phillip Streible of Blue Line Futures stated that the gold marketplace this week could be very interesting as they watch for critical occasions and information, inclusive of tendencies on the June coverage meeting, stated. of the Fed Chairman along side the purchaser charge index file. Currently, the marketplace is sort of sure that the Fed will now no longer make any modifications at this coverage meeting. However, statements from Fed Chairman Jerome Powell and modifications in financial forecasts from policymakers might also additionally effect the path of gold. Further facts awaited through the marketplace is US inflation information, predicted to be posted on Wednesday. Senior Asia-Pacific marketplace analyst Kelvin Wong of OANDA stated that if the dot chart or americaA Central Bank`s hobby charge forecast suggests the opportunity of delaying hobby charge cuts, , the gold marketplace might also additionally witness every other robust sell-off, pushing fees down similarly. Last week, gold bullion misplaced approximately $83/ounce (equal to 3.5%) on Friday, the largest drop in view that November 2020 after a brand new file confirmed the power of the hard work marketplace. US moves and information from the People's Bank of China display that the global's pinnacle purchaser stopped shopping for gold in May after 18 consecutive months of additions. The jobs file has induced investors to another time extrade their expectancies approximately the timing and quantity of the Fed's hobby charge cuts. Accordingly, the opportunity of loosening financial coverage in September has reduced from 70% on the give up of Thursday to approximately 50%. Meanwhile, reviews from China have expanded issues that call for for this treasured metallic might also additionally decline withinside the close to destiny.
TVC:GOLDShort
by Chart_MasterPro
XAUUSD: Operating in the 2315~2350 rangeGold prices fell more than 1% on Tuesday as the dollar stabilized ahead of this week's U.S. jobs data, which could set the tone for the Federal Reserve's interest rate strategy. In addition, the increasing possibility of a ceasefire in the Middle East also suppressed the safe-haven demand for gold. Against the backdrop of a slight rise in the US dollar and a decline in US Treasury yields, the continued sharp drop in oil prices has dragged down the overall commodity sell-off, which has become the main reason for the sharp drop in gold and silver. In addition, profit-taking by short-term traders is also one of the factors that have led to the decline in precious metal prices. However, the latest US economic data is not good, and US Treasury yields have continued to fall to a nearly three-week low, which still provides some support for gold prices. Investors are currently waiting for Friday's US NFP data to clarify the prospects for rate cuts. In addition, they are also closely watching the election results in India, the world's second largest gold consumer! This trading day will usher in US ADP employment data and US May ISM non-manufacturing PMI. In addition, pay attention to the interest rate decision of the Bank of Canada. Gold technical analysis Daily resistance 2370, support below 2327-2300 Four-hour resistance 2352, support below 2325-2300 Gold operation suggestions: Today, ADP data will be released. The upper resistance is around 2350-55. If the rebound trend occurs today, you can try short-term shorting near 2350. The SL before the news release may need to be larger to prevent large fluctuations in the market. The probability of breaking through yesterday's high of 2352 before the data is low. If it fails to rebound to today's high near 2340 and starts to fall directly, you can try short-term longs near 2315-17 below. This point has rebounded more than 3 times. (2370 is also the daily level long-short watershed) SELL:2370 near SL:2373 SELL:2352 near SL:2355 BUY:2315 near SL:2310 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD: 6/6 Today's Analysis and StrategyGold prices rose more than 1% on Wednesday after weaker-than-expected U.S. private employment data reinforced expectations that the Federal Reserve will cut interest rates later this year, and U.S. Treasury yields fell. In addition, the Bank of Canada cut interest rates by 25 basis points on Wednesday, and the market expects the European Central Bank to cut interest rates on Thursday. Global central banks seem to be ushering in a "rate cut trend", and the opportunity cost of holding gold has fallen, which is expected to help gold prices open a new round of upward trend. Despite the strengthening of the U.S. dollar, gold still rose by more than $28. Increased expectations of a rate cut by the Federal Reserve and falling U.S. Treasury yields provide upward momentum for gold prices. In addition, tensions in the Middle East have stimulated gold prices to attract safe-haven buying. The commander-in-chief of the Iranian Revolutionary Guard Corps warned on Wednesday that Israel will "pay a price" for its air strikes in Syria on Monday. The most noteworthy economic data in the United States this week is the May NFP data released on Friday. In addition to the ECB's interest rate decision, investors also need to pay attention to the number of layoffs in challenger companies in the United States in May and the changes in the number of initial unemployment claims in the United States, and pay attention to news related to the geopolitical situation. Gold technical analysis Daily resistance 2370, support below 2327-2300 Four-hour resistance 2370, support below 2352-27 ✅Gold operation suggestions: From the current market trend, today's support is around 2350-2352, and the upper pressure is around 2370. Relying on this range, it is still expected to fluctuate and consolidate. 2370 is also the daily level long-short watershed. Before the daily level stabilizes at this position, there is still a short-selling opportunity. If it stabilizes at 2370, it will look towards 2400. SELL:2370 near SL:2373 SELL:2352 near SL:2355 BUY:2315 near SL:2310 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD - WILL CHINA STOP BUYING GOLD?WILL CHINA STOP BUYING GOLD? “The nice US jobs file dealt a blow to gold euphoria. This file extinguished hopes that the Fed might quickly lessen hobby charges. The Fed nevertheless wishes to maintain hobby charges excessive to calm salary boom and the quantity of recent jobs created withinside the economic system,` Saxo Bank's head of simple commodity method Ole Hansen instructed the information agency. Bloomberg. However, Mr. Hansen stated that China simplest briefly stopped, now no longer absolutely stopped, shopping for gold, and that the PBOC briefly stopped shopping for internet gold in May simply due to report excessive gold costs. China has been internet shopping for gold when you consider that November 2022, till final May, pausing, preserving the extent of gold reserves at 72.eight million oz - in keeping with authentic facts launched on Friday. China's buy of gold is a part of the fashion of internet gold purchases through imperative banks round the sector to diversify forex reserves withinside the context of risky international geopolitical tensions. In addition, PBOC's gold buying sports additionally take region withinside the context of China's economic system slowing down beneathneath the strain of a extended geopolitical crisis. There were symptoms and symptoms that China's gold call for is weakening as gold costs rise. World Gold Council (WGC) facts confirmed that the PBOC internet sold 60,000 ozof gold in April, down from 160,000 ozin March and 390,000 ozin February. Additionally, China's general gold imports withinside the month four reduced through 30% as compared to March. PBOC is the imperative financial institution with the biggest internet buy of gold in 2023, with a internet buy of 7.23 million oz. Therefore, China's discount and transient suspension of internet purchases of gold for country wide reserves places gold costs at considerable danger of decline. However, speaking to Bloomberg, professional Nicholas Frappell of ABC Refinery in Sydney stated that the response of gold costs after the China information "appears to be technical in nature". “I might be amazed if China's pause in internet gold purchases opens up a preferred fashion for authentic area gold call for,” Mr. Frappell stated.
TVC:GOLD
by TheLeader_WOLF
It's only a matter of time before gold hits a record this yearBUY 236x-235x TP 2400 -- Yesterday, June 6, the European Central Bank (ECB) determined to decrease hobby costs as predicted through the marketplace. ECB reduced the primary hobby price through 25 factors to 3.75% after 6 consecutive instances preserving the coverage unchanged on the grounds that July 2023. The marketplace presently predicts there could be one greater hobby price reduce in 2024, even as economists collaborating in a Reuters ballot forecast greater rounds. Previously, Canada have become the primary us of a withinside the G7 institution to decrease hobby costs, even as Sweden and Switzerland had each decreased hobby costs earlier than. As for americaA, in keeping with the bulk of forecasters in a Reuters ballot , the Federal Reserve (Fed) will in all likelihood decrease hobby costs in September and once more this yr. This can also additionally motive gold fees to boom... Gold fees endured to upward thrust and hit a 2-week excessive as US bond yields fell after the ultra-modern exertions file. Published records displaying symptoms and symptoms of "cooling down" withinside the US exertions marketplace have bolstered the opportunity that americaA Federal Reserve (Fed) will reduce hobby costs in September. Currently, buyers are nonetheless hot. Please look forward to US non-farm payroll records to be greater positive approximately this expectation. Significant nonfarm payrolls are forecast to boom through 178,000 in comparison to April`s file, which noticed an boom of 175,000 jobs. ADP's May non-public quarter employment file launched withinside the center of this week confirmed that americaA exertions marketplace is regularly cooling down. According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, valuable metals are supported through expectancies of a recession withinside the world's main economic system and dovishness from americaA Central Bank withinside the following few months. . In the ultra-modern file, Metals Focus organisation stated that it's far most effective a be counted of time earlier than gold reaches a document stage this yr. According to the organisation's analysts, a weakening economic system and a "cooling" exertions marketplace will pressure the Fed to reduce hobby costs. In addition, bodily call for from important banks, a negative international monetary outlook, geopolitical instability and a vulnerable economic system were supporting gold conquer the electricity of the USD and yields. better bonds. Metals Focus director Neil Meader predicts gold is in all likelihood to attain a brand new all-time excessive later this yr and could common approximately $2,250 an oz this yr, up 16% from the yr's document common price. last. In every other development, as predicted, the European Central Bank (ECB) determined to reduce hobby costs through 25 foundation factors at its assembly this week. Experts say that withinside the context of "cooling down" inflation and a vulnerable economic system, loosening economic coverage is necessary. Accordingly, the ECB have become the second one important financial institution withinside the G7 institution to reduce hobby costs. In the center of this week, the Bank of Canada additionally made a comparable choice and signaled there could be greater hobby price cuts this yr.
TVC:GOLDLong
by TheLeader_WOLF
GOLD - Overview of trading opportunities for the weekLast night time, the global economic marketplace obtained greater bad monetary and employment facts. Specifically, the brand new personal zone jobs created in May withinside the US economic system had been 152,000 jobs, tons decrease than the preceding forecast of 173,000 jobs. This facts is posted 2 days earlier than non-agricultural employment facts is posted. Experts say that employment facts isn't very positive, reputedly helping the Fed to reduce hobby prices in September. If the non-agricultural employment introduced the following day night time is likewise much less positive, gold will clearly increase. Because whilst the Fed cuts hobby prices, funding prices decrease, supporting buyers increase their purchases of assets, which include gold, to are searching for profits. Investors are waiting for the Fed to reduce hobby prices in September, in order that they have multiplied their gold purchases. However, specialists additionally stated that different US monetary facts suggests that the world`s biggest economic system has now no longer weakened. Therefore, buyers want to be cautious whilst buying and selling gold. Specifically, S&P Global's buying managers index (PMI) of the carrier zone in May remained at 54.eight factors, identical to the extent finished in April and forecast. The carrier zone PMI in step with the Institute for Supply Management (ISM) multiplied sharply from 50.eight factors in April to 53.eight factors in May. The composite PMI index in step with S&P Global additionally multiplied pretty definitely at 54.five factors, better than forecast and finished closing month's 54.four factors. According to ISM, the carrier zone employment index in May additionally multiplied from 45.nine factors in April to 47.1 factors. Experts say that personal zone employment in May changed into worse than forecast, however facts facts suggests that buying managers withinside the carrier zone, in aggregate, are pretty positive. This suggests that sports in non-production sectors are nevertheless pretty good, a good way to guide americaA economic system, which can not but weaken. That's why closing night time and this morning the USD nevertheless multiplied withinside the global fee basket. Therefore, specialists endorse buyers to be cautious whilst shopping for gold earlier than monetary facts remains launched over the weekend. Today, americaA releases unemployment gain applications, the following day is the non-agricultural employment facts for May. This is crucial facts for the Fed to don't forget adjusting hobby price policy. However, now no longer most effective employment, however the Fed usually cautiously evaluations and evaluates many different monetary facts earlier than making the selection to decrease hobby prices. If employment isn't too susceptible and monetary facts remains pretty positive, the time to decrease hobby prices through the Fed will now no longer be subsequent September however might be behind schedule to the stop of the year.
TVC:GOLDShort
by Chart_MasterPro
GOLD - rebounded strongly despite USD newsWorld gold charge today World gold fees multiplied sharply with spot gold growing through 29.three USD to 2,355.6 USD/ounce. Gold futures ultimate traded at 2,375.2 USD/ounce, up 27.eight USD in comparison to the day prior to this morning. World gold fees edged better midweek, supported through a weakening USD and falling Treasury yields after the modern day records confirmed the hard work marketplace cooling. According to ADP`s report, personal organizations created a further 152,000 jobs in May, a whole lot decrease than the range recorded ultimate month and the forecast of experts. This is the bottom month-to-month discern seeing that January. RJO Futures senior marketplace strategist Bob Haberkorn stated vulnerable hard work numbers act as a catalyst that might reason americaA Federal Reserve (Fed) to reduce hobby quotes earlier than the give up of the year. This has multiplied the attraction of gold. Lower hobby quotes lessen the possibility price of preserving gold. According to the CME FedWatch tool, investors now see approximately a 67% danger the Fed will ease financial coverage in September, up from much less than 50% ultimate week. Analysts say that critical upcoming US monetary reports, together with records at the fitness of the carrier quarter and non-farm payrolls reports, are probably to steer the route of gold fees. in quick term. According to marketplace analyst Tim Waterer of KCM Trade, employment records launched this weekend indicates that a robust hard work marketplace might also additionally motive traders to wager once more at the timing of loosening economic coverage. foreign money withinside the morning of November. On the contrary, if records maintains to illustrate weak spot withinside the hard work marketplace, an hobby price reduce in September is possible. In addition to economic coverage expectations, professionals say that gold is being supported with the aid of using robust call for from primary banks. Recently, the World Gold Council stated internet purchases with the aid of using worldwide primary banks extended to 33 lots in April, signaling persisted robust call for from the arena in spite of excessive costs for the metal.
TVC:GOLDLong
by TheLeader_WOLF
XAUUSD: Analysis and Strategy for Tuesday 4/6Technical analysis of gold Daily resistance 2370, support below 2327-2300 Four-hour resistance 2370, support below 2327-2300 ✅Gold operation suggestions: Yesterday, the technical aspect of gold fell first and then rose to usher in a deep V rebound. The price of Asian and European sessions was under pressure from the 2330 mark and fell back and bottomed out. Then the European session pierced the 2315 line downward and stabilized and rebounded. Finally, with the help of the PMI news release, the gold price rebounded and broke through the 2350 line in the US session, and the overall price broke through the 2315 mark during the day and ushered in a bottoming rebound. The daily level continued the sideways fluctuation rhythm. From the current trend, today's lower support focuses on 2330-2327. Today's retracement can rely on this position to see a rebound and rebound. The upper pressure focuses on the 2350-55 area, focusing on the 2370 line suppression. Overall, rely on this range to sell high and buy low. SELL:2370 near SL:2373 SELL:2360 near SL:2364 BUY:2330 near SL:2327 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold prices turned on a downward trendGOLD SELL 2340 - TP 2300 - SL 2352 Gold rate nowadays is buying and selling at 2,327 USD/ounce, a pointy lower of 23 USD in comparison to the rate on the equal time the day before today which changed into 2,350 USD/ounce. The gold marketplace fluctuates withinside the context that the Organization of Petroleum Exporting Countries (OPEC) has simply agreed to increase manufacturing cuts. The above facts makes traders fear approximately slowing international monetary growth. This induced them to promote off crude oil. As a result, oil fees dropped to seventy three USD/barrel - the bottom rate withinside the beyond four months. Analysts say that if oil fees maintain to decline, different items could have problem growing in rate, inclusive of gold. Another improvement is that US shares rose ultimate night, stimulating many human beings to place capital into shares. So cash flowing into metals is limited. Today`s global gold rate clearly decreased.
TVC:GOLD
by Chart_MasterPro
GOLD - continuous signs of deep declineGold rate forecast It may be visible that withinside the medium and lengthy term, the USD is beneathneath stress to lower in rate following the loosening of US economic policy. Gold rate will thereby be supported. However, it's far possibly that it's going to take till September or November for americaA to reduce hobby fees. Many different primary banks which include Europe`s ECB or Britain's BOE might also additionally reduce hobby fees sooner. This additionally manner that, withinside the brief term, the USD might also additionally nonetheless boom. When the USD actions up, it will likely be tough for valuable steel merchandise to boom in rate, or maybe lower because of a extended boom from the stop of 2023 till now. If payroll statistics exceeds 200,000, gold charges should slide in addition or even smash the $2,320 aid level, stated Kelvin Wong, Asia-Pacific senior marketplace analyst at OANDA. . In the medium and lengthy term, the USD is beneathneath stress to lower in rate following the loosening of US economic policy. Gold rate will thereby be supported. However, it's far possibly that it's going to take till September or November for americaA to reduce hobby fees. Many different primary banks which include Europe's ECB or Britain's BOE might also additionally reduce hobby fees sooner. This additionally manner that, withinside the brief term, the USD might also additionally nonetheless boom. When the USD actions up, so does the commodity
TVC:GOLD
by TheLeader_WOLF