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Will Gold rally next week?Gold fell a whole week last week from Monday all the way to the daily line around 2030 to stop falling Friday formed a rapid rebound Friday's rebound is mainly because of the impact of non-agricultural data after the long and short game! Last week we captured 3 times the market profit! Starting Monday, we sell in 2075, Tuesday in 2064, Wednesday in 2049, Thursday in 2048, Friday in 2040, and then in 2030, we reverse many orders and sell again! Let us firmly grasp the triple profit! Last week, several times tested the pressure position of gold 2050, the main theme of the gold market is currently on the bearish side, and now the price of gold into 2043 will it form a repair counterattack next week or continue to fall? If you want to know, you can contact me on my home page with my contact information! In short, next week will be a very profitable week! The market will give a very big market next week! At least 3x profit margin! If you want to grab next week's profits instead of burning your own account I suggest you contact me directly! You will see from the historical record that my professional analysis never brags about giving everyone trading signals in advance which makes a lot of my followers a lot of money and my trading signals are free! Call me if you want me
OANDA:XAUUSDShort
by the_Hand_of_God
XAU/USD: Signal for Account Doubling Due to holiday influences, market volatility has been exceptionally low today, with short-term adjustments observed. However, I believe that gold will continue its upward trend, presenting opportunities for long positions during declines. A prudent approach to the market is advised, avoiding reliance on chance outcomes. Daily dissemination of trading signals is guaranteed, with the current accuracy rate reaching 98%. Do not miss out on profit opportunities!
FOREXCOM:XAUUSDLong
by UnknownUnicorn66559481
XAU/USD Long term Buys from 1945.000 up towards (2010.000)This is a long term move I am anticipating for the gold market, as the overall market is bullish on the higher time frame, this will be a pro trend trade that we can take up towards 2010 or even higher to make new ATH's (ALL TIME HIGHS.) To add, the internal structure is also very bullish now and we can be expecting an impulse move to the upside from these POIs marked out. Currently, I want to see a pull back of some sort back to the demand zones around 1945 where price is at a much cheaper rate. This will give us an ideal entry model if we see a Wyckoff accumulation play out in this area as well as a clean CHOCH to the upside. Not only that but this zone has also caused a CHOCH already and it lays between the 0.78 fib range. Confluences for Long term Gold Buys are as follows: - XAUUSD is overall bullish on the HTF structure and LTF structure. - Price has left a clean demand below that has caused a CHOCH to the upside and BOS. - Lots of liquidity to the upside int the form of a trend line, asian highs and FVGs - Price requires a pullback or a correction in order for price to continue going upwards. - The zone also is inside the 0.78 fibonacci range and the zone has caused an impulse move. - However, we are pending lower time frame confirmation as price is not near our POI as of yet. - To add to this the Sentiment analysis also shows the gold market being VERY BULLISH. P.S. I will be waiting for these zones for a buy unless price makes new demand zones then we will re evaluate our next move. Or we can wait for price to enter a new supply for us to sell back down towards these areas to then ultimately buy back up!
OANDA:XAUUSDLong
by Hassan_fx
1
XAUUSD:14/11 Today’s Trading StrategyIn the Asian market on Tuesday, the U.S. dollar index fell back to 105.6, gold prices remained at a weak level of 1945, and many traders were paying attention to the U.S. Consumer Price Index (CPI) released in the evening. A previous poll by the New York Federal Reserve Bank showed that one-year inflation expectations are declining, while prices in October are expected to fall to 3.3% from 3.7% in the same period last year. Core CPI is expected to be 4.1%, unchanged from the previous reading. Gold prices showed a bottom-out trend on Monday. The lowest point hit 1931.5 and then rebounded quickly. The highest point reached 1949, but it adjusted after encountering resistance. The last closing price was 1945.97. On the daily chart, gold closed with a Zhongyang line, which indicates that gold has begun to stabilize after continuous declines. Judging from the overall trend, gold is still in a downward channel, with the upper long-short watershed at 1953. If this mark is exceeded, the platform resistance level of 1965 will be tested. Below, gold has formed a long-short reversal signal at the 1941 level. Touching this level for the first time today will become a support level. If there is an unexpected break below this level, the previous low of 1931 will need to be watched. Based on the above analysis: Gold is expected to bottom out and form a bull reversal. The price of gold is expected to fall first and then rise today. BUY:1935-1938 SL:1931 TP1:1942 TP2:1948 SELL:1957-1959 SL:1965 TP1:1953 TP2:1948
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD Longs from 1920 up towards 1960 (possibly higher)Gold is now looking very promising for another impulsive move to the upside which I'm expecting to happen around the price of 1920-1930. As price is approaching I'm waiting for a wyckoff accumulation to play out and a clean CHOCH so we can enter our buys back up. As there is some asian lows around that region between the 5hr and the 4 demand, I would wait for that to get taken in the form of a spring to generate a better quality setup without there being potential reversal magnets against our trades. We will be targeting the 1960 POI as there is a good supply there that could potentially get respected however, as there is lots of liquidity lying above I would be expecting all of it taken as I am overall BULLISH on gold. Confluences for XAUUSD Longs are as follows: - Price approaching a strong level of demand (5hr & 4hr) that has caused BOS to the upside. - The trend of the market is overall bullish and expect gold to take ATH's eventually. - Price has swept lots of trend-line liquidity on the way down and has filled in imbalances that was left from the previous impulsive move to the upside. - Lots of liquidity lying above in the form of trend line liquidity and lots of untouched Asia highs. - Bearish momentum is now getting exhausted as we see price slow down ready for a potential reversal in the market back up. P.S. Im looking forward for this move to play out post CPI as I don't personally trade news events due to its extreme volatility. However, as this will be a trade with the overall trend we can definitely be expecting another major rally that will break structure the upside.
OANDA:XAUUSDLong
by Hassan_fx
3
XAUUSD:8/11 Today’s Trading StrategyLooking at the 4-hour chart, the Bollinger Bands are opening downward, and gold has encountered resistance and fallen since last Friday's high of 2004. There is only a single positive line on the K line, which is structurally very weak. Yesterday, the US market closed with a positive line in the 4-hour period. Seen as a correction, a single positive cannot change the trend. In addition, the continuous decline has made the indicator seriously oversold. The stochastic strength indicator RSI has reached the bottom with signs of turning. The short-term rebound correction is also reasonable. The rebound is for fell. In the short term, gold is currently in a downward trend and has turned from a very weak form to a concussive trend. The price has temporarily formed a double bottom support rebound near 1953. It is expected that there will be a second bottom move after the rebound correction. If the second bottom does not reach a new low, this wave of decline will come to an end. At that time, go long on dips. If it breaks below 1953, it will start a new round of decline. Today, we will continue to pay attention to the support situation in this area. If gold continues to weakly break below the support, then the price below Looking further towards the vicinity of 1940. The top short-term focus is on the resistance near 1975/1978. This is near the low point of the previous high point shock. It is currently running downwards and pay attention to the top-bottom transition. If it continues to strengthen, focus on the vicinity of 1986, which is the golden section of 0.618 where gold fell by 1956 since 2004. But if gold rebounds too strongly, then you need to be careful that the market may fluctuate at a high level. In terms of gold operation ideas, it is recommended to focus on short selling on rebounds. BUY:1955-1957 SL:1950 TP1:1965 TP2:1970 SELL:1970-1973 SL:1978 TP1:1965 TP2:1960
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD:27/10 Today’s Trading StrategyYesterday, the price of gold rose to an intraday high of 1993.52 during the European trading session, but then fell back, finally closing up 0.26% at 1984.74. From a fundamental perspective, the trend of spot gold prices is affected by multiple factors. On the one hand, global economic instability, geopolitical tensions and uncertainty in financial markets will drive investors to seek safe-haven assets, thereby increasing gold prices. On the other hand, the trend of the US dollar index also has an impact on the price of gold. Gold bulls once again tested the 1990 pressure level, but were unable to break through further due to the impact of unfavorable GDP data. Although it encountered resistance above 1990, strong support appeared in the 1970 area when it fell back, showing that the power of bulls cannot be underestimated. The market continues to observe pressure conditions around the 2000 mark, but the overall trend remains bullish. The bulls gradually took advantage, the lows continued to rise, and the highs gradually rose, showing a positive trend in market sentiment. The gold 1-hour level shows obvious bullish rising characteristics, and the K-line continues to run above the moving average. Each correction can be supported by the moving average and rebound quickly, forming an effective trend line support. Gold is still operating according to this law. After stepping back on the moving average support in early trading, you can continue to go long, and secondly, you can continue to go long near 1980. We need to pay attention to the pressure level above, which is the high point of 1997. Once it breaks through, it will start a new band of rise. Then it is recommended that the short-term operation idea of ​​gold during the day is to mainly pull back and go long, and then consider selling at a high level. The resistance at the top focuses on the 1997-2000 line, and if the level breaks, we will continue to look at 2020. The support at the bottom focuses on the 1980-1982 line. SELL:1997~2000 SL:2003 TP1:1990 TP2:1985 BUY:1980~1982 SL:1975 TP1:1990 TP2:1996
OANDA:XAUUSD
by ActuaryJ
XAUUSD:20/10 Today’s Trading StrategyGold opened in early trading and continued to rise. The high reached 1982. In the short term, it touched the previous high point in July. It was originally expected that this trend would be a rise and fall yesterday. The reason for the current rise and fall in this area is also based on the structure of this rise. I think It is close to starting the adjustment mode. On the market, the pressure on the early pressure retracement point of the 1990 area is obvious, so this area gradually begins to bear a bearish view. The short-term support point below focuses on the 1950-1960 range of yesterday's intensive trading area. The market once again returned to the early period of 1940 to 1985 area shocks. On Wednesday, there was a 2 billion large order in the 1962 area. After a roller coaster break, it showed that the bulls continued to rise after washing the market again. Then the top-bottom switch today's early trading 1962 is the long area. Of course, the pressure is now at 1985 To the 1990 area, if there is a breakthrough here, there is a high probability that the 2000 point will be touched. ​ Trading will be closed after Friday today, and there will be another two-day news vacuum period, which can push up risk aversion at any time. Gold and crude oil rose simultaneously in the middle of the night yesterday, indicating that the market's risk aversion is still there, so now there is a great risk in pursuing the long position in 1980. Today's short-term operation of gold will focus on the 1985-1987 first-line resistance in the upper part, and the 1960 first-line support in the lower part; BUY:1966~1964 SL:1960 TP1:1972 TP2:1976 SELL:1984~1986 SL:1990 TP1:1976 TP2:1972
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD: Thursday Gold AnalysisGold market analysis: Gold 4-hour level: At this time, it is still under the 10-day moving average and has been falling slowly. However, there are temporary signs of consolidation in the small range at the bottom. There is also a golden cross under the MACD zero axis and a gradual increase in volume. We need to observe this kind of shock. Can it continue for two or three days? When the consolidation time is longer and the middle track is gradually pushed downward, once it stands on the middle track, it means that the prototype of the bottom stabilizing structure has appeared. At that time, there will be a wave of upward corrections. Currently, it still needs Continue to wait and see; the short-term mid-rail is mainly bearish on rallies below 1840. When the rebound touched the 1833 line, which was the previous starting point and fall position, because the rebound failed to break through this key pressure level, the downward pattern was not broken. This is one of the reasons why we have always insisted on shorting. In yesterday's U.S. market, around the 1829 line, we firmly maintained our short position and traded profitably. With the upward and downward trend after the rebound, the price returned to the 1820 line. The entire rebound process ended and the market returned to a short position. Therefore, continuing to go short has become an inevitable choice. However, judging from the 4H/1H candle chart, the resistance of 1815 is still effective. The big upward or downward direction still needs to wait for the release of tomorrow's non-farm employment data. Taken together, today's gold short-term top focus is on the resistance of 1830-1833, and the bottom short-term focus is on the support of 1815-1804; SELL:1828-1830 SL:1836 TP1:1820 TP2:1815 TP3:1810 Look at the support near 1815 and go long
OANDA:XAUUSD
by ActuaryJ
1
XAUUSD: 6/10, super data day is comingData released by the U.S. Department of Labor showed that the number of people filing for unemployment benefits in the latest week was 207,000, the lowest level in a year. Ohio and Alabama saw the largest declines in jobless claims, while claims rose in California. The monthly jobs report due out on Friday will provide more information on the job market. Economists expect nonfarm payroll growth to slow but remain healthy. U.S. bond yields surged to multi-year highs, driving wild market volatility. Friday's NFP and next week's inflation data will determine whether the 10-year Treasury yield rises to 5% or falls to 4.5%. Traders see a roughly 37% chance the Fed will raise interest rates again this year, according to the CME Fedwatch tool. Gold is highly sensitive to rising U.S. interest rates, as this increases the opportunity cost of holding gold. As the end of the year approaches, we do think gold prices will appreciate next year, and we think the Fed will cut interest rates more than the market currently expects. Investors will look forward to Friday's U.S. non-farm payrolls (NFP) report, which is expected to show the labor force fell to 170,000 from 187,000. A failure to live up to the headline number could give gold prices some much-needed boost on the charts, while a "fail" scenario could see prices continue to fall. Today is a super data day. There is no strategy suggestion. Let’s wait for DXY to give direction first. If DXY is still in the range of 107.69~105.648, it means that gold will continue to fluctuate and consolidate. Wait for today's NFP announcement and observe the DXY trend. If you trade gold, it is recommended to start next week.
OANDA:XAUUSD
by ActuaryJ
1
XAUUSD:9/10 Today’s Trading StrategyFrom a daily perspective, gold rebounded from a low last Friday and closed at the Zhongyang line. From a disk perspective, the gold price trend last Friday was similar to last Thursday. After the gold price fell briefly due to the impact of the data, there was a short-term buying trend. At present, the daily closing line is a yang, which ends the nine consecutive yin. The MACD fast and slow lines diverge upward after the golden cross, and the RSI shows a bottom divergence. However, sideways movement that follows a decline is generally more likely to be a bearish relay. However, trading volume and correction needs at the 4-hour and daily levels have not been met. Therefore, I prefer that gold is currently in a volatile trend rather than continuing to decline. Looking at the 4-hour chart, gold opened near the middle track last Friday. It fell after hitting a low after the evening data was released and then rebounded. It broke through the upper track and closed sideways at the intraday high. The Bollinger Bands are currently in the opening period, and the MA The three lines of the moving average are moving forward, the three lines of the KDJ stochastic indicator are upward, reaching overbought, the red kinetic energy column of the MACD indicator is increasing, and the golden cross of the fast and slow lines is upward. Gold bulls have begun to stabilize after the non-agricultural sector, and it continued to rebound by nearly 20 points before closing. Overall, it shows that the strength of the short positions has begun to slowly dissipate, and the market will gradually confirm the long position. Taken together, the gold day operation idea suggests that callbacks should be the main focus, rebounds are shorts, and the top short-term focus should be on the 1865-1868 first-line resistance. . Since gold opened higher than 20USD, we still have to wait for the US market to show a retracement before making a decision to go long. SELL:1865-1868 SL:1873 TP1:1858 TP2:1852
OANDA:XAUUSD
by ActuaryJ
Gold – 10 YR Price Targets and My Trade PlanHistory doesn’t repeat; it rhymes. I’m of the belief we will see a modern era “Great Depression.” If they actually call this the “Great Depression II” you’ll officially know all creativity in the world has been destroyed. I believe that GOLD will eventually hit 5,800 – 6,200 within 10 years. I believe the final impulse will happen in 2031. TL:DR 2023 will test higher, reject and provide a final opportunity for great LONG entries Monthly chart shows a clear trade plan, outlined below RDA is first and foremost, followed by 4D RDA and momentum indicators Risk could be high given geopolitical and societal changes 2023 on Chart Outlined on the current chart are the impulses I see likely in 2023. Important reaction areas: As long as the weekly chart stays bias and momentum long it does appear there will be a third test of the rejection area right around $2,080. One thing to note is this might be an overshoot to 2,174 area of where the RDA extreme band created a short value range. This price action would occur after 2nd quarter 2023 and would be a false breakout, trapping liquidity on both sides of the market. The chart then shows to expect a possible pullback all the way down to $1,760 or so. This would be the final downside check on bias, momentum, and the mixed 200. Notice the mixed 200 is currently red; this is showing the current LONG bias is a weak bias. Phase 2 I’d then expect a VALUE CHANNEL to be created with a low or excess around the $1,950 price handle with a possible high and excess range around $2,400. Once this value range is created the trade setup is rather straightforward. Watch the monthly chart. Note that since JAN 2002 the MONTHLY RDA has been a consistent area for LONG momentum trades. The breaches of the RDA have not been more than 12%. This is not trade advice. What the last 20 years of the chart is telling you is to be patient. Wait for MONTHLY pullbacks to the RDA and turn on DCA LONG purchases around and below the RDA up to 12%. I’d plan to go up to 15% because there might be increased volatility. If you were watching the chart closer and wanted to fine-tune you’re entries with momentum then I’d suggest the 4D chart. Also being very mindful of how you project the RDA and the other momentum indicators. Mixed 200 Avg The mixed 200 avg on the Weekly timeframe is in a weak long momentum. The price is above but it’s painted red. This adds to why I see a higher probability of failure if price retests the recent highs. The 4D and Monthly are also painting red. Value Channels I see only 2 VCs that are relevant to the current price action. The first is between $1,050 and $ $1,400 started in 2013 and captured above in 2019. The next VC is the most recent one and will provide the best levels for TA. From this VC the most important level is around the $1,800 handle. This aligns with what I wrote above for the final test before the impulse to create new ATHs. RISK In my mind, this trade does come with some risk that goes beyond TA. Society and the geopolitical landscape is on the cusp of multiple changes that will have a drastic impact on every person on the planet In the past GOLD was a hedge and a form of wealth protection. The challenge is there are multiple risk factors from AI, war, the admittance of alien contact, as well as a total breakdown in the trust of government and institutions. The one factor that could upend this is a true non-disputable artificial intelligence new lifeform. If this happens in the next 5-6 years this will upend ever level of society. Add to that possible proof of actual intelligent life within or outside our solar system. I mention this because it's hard to predict what society will value and look to for comfort and safety. With all this said all that shouldn't matter if you follow the trade system I've shared with the world. If momentum is short and the RDA is given up and tested and fails most of the above are bad projections. As usual don't argue with the chart.
TVC:GOLDLong
by RexDogActual
XAUUSD:15/9 Today Gold Trading StrategySpot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time of the rise, the long and short positions did not reveal much of the trend. In the continuous falling market, the support below 1900 first stood firm, and this position will also be our key breakthrough point in the later period. Such a position If the support effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression port above remains near 1915. Since the 1915 position has been broken, let's further look at the 1920 position, which is also a key suppression area. , with the suppression of the short-term moving average during the day, it is very likely that there will be an effective breakthrough again. At present, when the gold bulls are pulling back, but there is no signal of strength, we can still try to go short and wait, and once it breaks through After reaching around 1920, we still need to adjust the trend in time. Otherwise, if the breakthrough fails, we will continue to call back and test the 1900 mark support. Let’s operate around the 1920-1900 range today! ​ ​​​​Gold operation strategy: SELL:1919~1923 TP1:1914 TP2:1910 BUY:1905-1908 TP1:1912 TP2:1918
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 14/9 Today’s Gold StrategyOn Thursday (September 14), in the Asian market, the spot gold price was still around 1909. Core CPI, excluding food and energy, rose 0.3% month-on-month in August, slightly higher than the 0.2% increase expected by economists polled by Dow Jones. The figure increased 4.3% from the same period last year, in line with expectations. Overall data rose 0.6% last month, in line with Dow Jones forecasts. Overall prices rose 3.7% year-on-year, higher than the 3.6% expected by economists. However, the slight decline in core CPI was a positive signal last time. After the data was released, expectations for the Federal Reserve to raise interest rates in September continued to cool, and the U.S. dollar index rose. After that, it adjusted again and opened lower in early trading. However, from the perspective of the overall environment, the US dollar is still favored by the market, and the overall strong pattern may be difficult to change! Gold's space did not move much yesterday. The inertia dropped to 1905 and fell into shock. The space convergence became smaller and smaller. In the short term, it has entered this slow and oscillating rhythm. The space has shrunk and the long and short sustainability is insufficient. The daily Bollinger Bands have begun to close. Combined with this week's space contraction, this convergence shock may continue in the short term. The 4-hour chart is still on a downward trend. Yesterday, it was under pressure and inertia broke through the low point near 1916, but the momentum was not great. It closed at a neutral position. It still maintains the downward step and is oscillating slowly downward. In the short term, 1930 will not recover, and the trend is short. unchanged, the resistance of the downward trend line has also begun to move down to around 1920. Now that gold has successfully broken below to support the 1915 line, for the next trend, we will take advantage of the trend to see a new round of downward structure formed after the breakthrough. Therefore, Jiesse’s operation is still the same as yesterday. It is still mainly short selling at high levels. It will continue to break through 1900. Fall! ​ ​​​Gold operating strategy: SELL:1914-1917 SL:1922 TP1:1910 TP2:1906
OANDA:XAUUSD
by ActuaryJ
Long and short 24 consecutive victories, 1915 continues to be mo Yesterday, the whole network of gold 1911 went long, and the Dayang line soared directly to around 1922. The long order is also a harvest. So far, there is no loss order this week. This wave of long and short has won 24 consecutive victories. In no time, the magical Friday is here, what do you think? The k-line as a whole is still above the 50 moving average. Even if the big Yang line falls back, it can be pulled up quickly, and the body of the Yang line directly covers the body of the Yin line. There is no possibility of a U-turn when the 50 moving average moves upward. Yang, Brother Wolf is allowed to fall back. The bottom line for bulls is around 1902. To stabilize this position is to stabilize the market. More, 1913 will be more directly
OANDA:XAUUSDLong
by wealth-freedom-Lord
XAUUSD: 7/9 Today’s Trading StrategyIn early trading in Asia on Thursday, DXY remained strong and is currently around 104.9; spot gold continues to be under pressure, with gold prices around 1918. Gold prices remain on the defensive as market participants flock to the dollar amid stronger U.S. data and hawkish signals from the Federal Reserve. DXY rose to a new high since March 15 on Wednesday, briefly exceeding 105.00. Spot gold fluctuated and rose during the day. It opened at 1916.36 today, with the highest hitting around 1920 and the lowest hitting 1916. Yesterday, the technical aspect of gold overall suppressed the weak and volatile consolidation below 1930. The Asian and European markets shot up twice and were under pressure on the 1928 line, and then fell weakly. Near the US market, it quickly fell to the 1921 line, stabilized and rebounded, then shot higher and pierced the 1929 line, and was under pressure again. The downward trend broke through the bottom. In the early morning, the gold price continued its weak decline and closed weakly at the 1915 line. The daily K-line closed higher and fell back below the bottom bardo. It closed with the suppression of the short bardo for four consecutive trading days. The overall price continued to show a weak downward trend. The 4-hour chart constructs a downward chart. Currently, the short-term short-term defensive point is based on the middle track of Bollinger Road, which coincides with yesterday's rebound correction high point. In the short term, just take advantage of the trend and go short around 1930. The rhythm may be accompanied by consolidation and correction, but the rebound will not be able to rebound from the previous day's high, and the weakness will continue. The 1-hour chart constructs a small shock step down. Yesterday's rebound consolidated sideways at 1930, forming a second high point, which is also a short-term critical point. Therefore, Jiesse focuses on the top 1925-1930 position, and the lower goal is still to break the low, and needs to pay attention to the lower 1911 position, such as breaking the next support 1907. ​ ​​​Gold operating strategy: SELL:1925-1928 SL:1934 TP1:1920 TP2:1915
OANDA:XAUUSDShort
by ActuaryJ
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range. #Fundamental Analysis of #Gold It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023. However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone. #GoldForecast In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease. Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
OANDA:XAUUSDShort
by POUSHEINI