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XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut. The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies. At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest. Gold technical analysis Daily resistance is 2053, lower support is 2015 Four-hour resistance 2053, lower support 2038-26 ✅Gold operation suggestions: Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range. Pay attention to the dividing line between long and short in 2038 SELL:near 2053 SELL:near 2038 BUY:near 2038 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 27/2 Today’s Analysis and Strategy gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, lower support 2015 Gold operation suggestions: Today, the upper resistance continues to focus on last Friday's high around 2040-42, and the lower support focuses on around 2020-15. According to this range, we will continue to sell high and buy low. In the short term, there is a high probability that time will be exchanged for space to continue the long and short narrow range operation. SELL:near 2041 SELL:near 2015 BUY:near 2000
OANDA:XAUUSD
by ActuaryJ
GOLD H1 / Short Trade Opportunity / Target Price 1975 ✅💲Hello Traders! This is my idea related to GOLD H1. I see that we are in a bearish channel and at the moment, I would like to see a retracement from the resistance level. I will look for a short entry if I will see a confirmation of a bearish market structure. I expect that we will reach the PWL and my target is 1975. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
XAUUSD:22/2 Focus on the 2020~2040 rangegold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the short-term support of 2020 today. If it does not break here for four hours, we can go long in the short term, and then continue to focus on the suppression of 2033 above. The daily level is the resistance of 2037-2040. If the NY market reaches it, we can participate in short positions. SELL:near 2041 SELL:near 2037 SELL:near 2033 BUY:near 2020
OANDA:XAUUSD
by ActuaryJ
GOLD H1 / Potential Short Trade / Valid Entry in Supply Area❗️💲Hello Traders! This is my idea related to Gold. My previous forecast hit the target of 5R, now I expect a retracement, to the FVG and I will look for a confirmation in the supply area. The structure is still bearish, and my bias is for short entries. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
XAUUSD: 20/2 Today’s analysis and strategygold technical aspect Daily level resistance 2029-2037, support below 2000-1966 Four-hour resistance 2020-2031, support below 2011 ✅Gold operation suggestions: From the four-hour analysis, today's lower support is still focused on the vicinity of 2011, and the upper pressure is in the 2020-2025 area. The daily level long and short dividing line is 2037. The daily level is still in a short trend before it breaks through and stands above 2037. SELL:near 2037 SELL:near 2030 SELL:near 2023 BUY:near 2011 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD:29/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2025, support below is 2012-2000 Operational suggestions: Today's morning opening opened slightly to 2028 under the influence of the weekend news. This position is also an important resistance level today. Counterattacks during the day will continue to focus on 2032. The short trend remains unchanged. The short-term short-term weak dividing line is 2040- 43. Any counter-draw before the intraday level breaks through and stands on the 2032 line is a short-selling opportunity. The main tone of participation remains unchanged. SELL:near 2040 SELL:near 2032 SELL:near 2020 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD M30 / EXPECTING A SHORT MOVE ON SMALL TF 💲Hello Traders! This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1. My target is the resistance level at the price of 2002. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
XAUUSD: 24/1 Today’s Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2020-2000 One-hour pressure is 2032, support below is 2012-2000 Operational advice: The market has been fluctuating within a narrow range for nearly a week. The current upward pressure continues to focus on the 2032 and 2040 daily line pressure. Continue shorting on today's rebound, with the target around 2012-2000-1980. SELL:near 2040 SELL:near 2032 SELL:near 2020 BUY: near 2000 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD:22/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2032, support below is 2012-2000 Operational suggestions: Judging from the daily analysis, today's upper resistance will focus on the vicinity of 2032-2040. Counterattacks during the day will rely on this position to continue to be bearish and then look at the downward trend. The lower target will continue to focus on breaking the bottom. The short-term short-term weak dividing line will move down to In 2032, until the daily level does not break through and stand at this position, continue to maintain the main and short rhythm of the trend. Be careful to participate in the long position, and the target will be focused on 2000 first. SELL:near 2040 SELL:near 2032 SELL:near 2012
OANDA:XAUUSD
by ActuaryJ
Gold price extends downside as Fed rate cut bets ease17 January 2024 •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. Technical Analysis: Gold price drops to near 50-day EMA Gold price continues its downside below $2,020 after Fed Waller's hawkish remarks about interest rates. The near-term demand for Gold is not bullish anymore as the price has dropped below the 20-day Exponential Moving Average (EMA), which trades around $2,036. The yellow metal has found interim support after sliding to near the 50-day EMA, which oscillates near $2,017. The 14-period Relative Strength Index (RSI) is declining towards 40.00, which could offer some cushion. However, a breakdown below the same will lead to the activation of bearish momentum. • Gold price falls sharply as Fed Waller maintains a higher for longer interest-rates narrative. • The last leg of high US inflation has turned out to be significantly stubborn. Guidance from three Fed policymakers and US Retail Sales data are due on Wednesday. Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has cast doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favoring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation returning towards the 2% target in a timely and sustainable manner. The Consumer Price Index (CPI) data for December indicated that the last leg of high price pressures is quite challenging for Fed policymakers, likely due to steady labor market conditions and decent consumer spending momentum. A quick rate cut decision by the Fed can lead to persistence in inflationary pressures and dampen the work done to achieve price stability. Later in the day, the performance of the US Dollar, Treasury yields and bullions will be guided by the United States Retail Sales and Industrial Production data for December. The chances for the Fed cutting interest rates in March could ease further if the Retail Sales report comes in stronger than projected. Daily digest market movers: Gold price falls further ahead of US Retail Sales data •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. The downside bias to the gold price has strengthened as investors are uncertain about when the Federal Reserve could start discussing the timeframe for interest rate cuts. A hawkish commentary from Fed Governor Christopher Waller has raised doubts about whether the central bank will cut interest rates in March. Christopher Waller commented that the Fed should not rush to take interest rates down until it is ensured that inflation will return to the 2% target in a sustainable manner. Waller added that the Fed should proceed with rate cuts "methodically and carefully" to bail out the economy from an expected slowdown. He further added that resilience in the US economy could delay potential reductions in borrowing costs. Fed policymakers have become more determined to maintain a restrictive interest rate stance as the December inflation data turned out surprisingly stubborn. • After Waller's commentary, Investment banking firm Goldman Sachs said the Fed could cut rates somewhat later or might announce one cut each quarter from April. Meanwhile, bets supporting a rate cut by the Fed in March have dropped further. As per the CME Fedwatch tool, trades see a 61.4% chance for a 25-basis points (bps) interest rate cut in March, down from 70% at the start of the week. • The increase in the US Dollar Index (DXY) also weighed on the gold price. The USD Index has slightly corrected after posting a fresh monthly high above 103.50. •Further action in the US Dollar will be guided by the United States Retail Sales and Industrial Production data for December. • Investors have projected that Retail Sales increased by 0.4%, higher than the 0.3% rise in November. Industrial Production is seen stagnant after rising 0.2% in November. Apart from the US economic data, Fed's Beige Book and fresh outlook on interest rates from Fed speakers will be keenly watched. On Wednesday, Fed's Michael Barr, Michelle Bowman, and John Williams are due to speak. Fed policymakers are expected to endorse a restrictive monetary policy stance for a longer period than what is anticipated by market participants.
OANDA:XAUUSDShort
by sniper_2022