Get started

Goldprediction

8.15 Can the gold trend reach a new high?My personal outlook for gold in the future is that the price is expected to rise to a new high. The US dollar and earnings will continue to fall But there may be deviations in the short term! You can also consider shorting at high levels! With the positive CPI data released yesterday, gold should have created a new high, but it quickly fell back, causing gold to fall by 1.5%. This also allowed us to quickly seize the opportunity for short-term trading and quickly exit with profits! I personally suspect that the situation last night was that big investors were using data to ship goods. They sold heavily when traders entered the market yesterday, causing gold to fall rapidly! As for the data released tonight, retail sales, industrial production, and the number of people applying for unemployment benefits in August are important data for whether gold can stand on a new high, which will be a new trading opportunity! If it is weaker than expected, the US dollar will continue to fall, while gold will rise all the way At the same time, we will also make preparations for both situations
TVC:GOLD
by David_strategy
Gold recovers from the decline of the news☘️Fundamental Analysis Gold prices regained momentum in Asian trading on Thursday, reversing some of the previous day's sharp decline from a record high. The risk of a wider conflict in the Middle East, along with growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September, became key factors providing some support to the precious metal. Meanwhile, expectations of a July rise in US consumer prices have forced investors to scale back their expectations for more aggressive policy easing. This has led to a further recovery in US Treasury yields, supporting the US dollar (USD) on an overnight rebound from a monthly low and could act as a drag on gold prices amid a generally positive risk-on sentiment. ☘️Technical Analysis From a technical perspective, the overnight low, around the 2,438-2,436 region, now looks to protect the downside ahead of the $2,424 region or the weekly low hit on Monday. Some follow-through selling could leave Gold vulnerable to further weakness below the $2,400 level. Meanwhile, the oscillators on the daily chart are holding in positive territory and supporting the bullish outlook. That said, any further upside move is likely to face some resistance near the $2,471-2,472 region ahead of the $2,483-2,484 region or the all-time high hit in July. A further rally above the psychological $2,500 mark would confirm a breakout through the wide trading range. You should pay attention to the EMA critical zone around 2420, and pay attention to the zones for long-term gold BUY signals in the context of many economic and political fluctuations. Although gold has decreased, the RSI index is still in the positive zone and shows that the buyers are ready to return at any time. SELL zone 2459 - 2461 stoploss 2465 SELL zone 2469 - 2471 stoploss 2475 BUY zone 2443 - 2441 stoploss 2437 BUY zone 2426 - 2324 stoploss 2420
OANDA:XAUUSD
by TVS-Trader
Analysis of gold market trend on August 15 (Thursday)From a long-term perspective, there is a lot of room for gold to rise! Yesterday's CPI data was lower than expected. Gold was slightly bullish but plummeted 1% from a peak of 2476 to 2437 and closed at 2447. In early trading today, gold fluctuated within a narrow range, with slight signs of recovery compared to yesterday. It is currently fluctuating at 2453. In addition, there are several factors that you must consider! 1 Political situation in the Middle East: Tensions between Iran and Israel may have eased recently, and conflicts between Ukraine and Russia may further intensify. 2 The U.S. interest rate cut in September is a certainty, whether it will be 25% or 50% The motivation for gold’s rise today on the daily chart is a bit lacking Support level 2448 2438 2420 Resistance level 2460 2467 2480
TVC:GOLDLong
by David_strategy
XAU/USD: Don’t chase the highs, beware of retracement risksGold market fundamentals: The market believes that the Fed will definitely cut interest rates in September, but the uncertainty is whether it will be 25 basis points or 50 basis points. The decline in U.S. bond yields and the low dollar index make gold more attractive to investors holding other currencies, providing some support for gold prices. In addition, the geopolitical situation in the Middle East remains tense, which also provides safe-haven support for gold prices. Technical aspects of the gold market: With the rise of today's Asian and European sessions, the gold price is now above 2440 points, and the resistance of 2430-2440 has been broken. The nearest resistance above is the previous high of 2458. From the trend of the daily chart, the 4-hour chart and the 1-hour chart, it is an upward trend, so it is sufficient to continue to be bullish in the general direction. In the short term, due to the pull-up of today's Asian and European sessions, the price is at a high level. I think it is very likely to rise again after a correction in the short term. Trading strategy: I will not chase the rise today, but consider buying when waiting for the pullback support. Support range: 2425-2435 Resistance range: above 2458 Daily risk data: US New York Fed 1-year inflation expectations in July
OANDA:XAUUSDLong
by AntonyTP
Gold drops below $2,50 after CPIA break below $2,455 on a closing basis would help confirm the start of a fresh down leg within the range, thereby extending the sideways trend. If so, the price will probably move down to $2,400 or perhaps the range floor in the $2,390s. Due to the fact the range is tapering slightly, it might also be a triangle pattern in the final stages of development. A decisive break above the range ceiling, however, would indicate the development of a more bullish trend. Such a breakout would probably follow through higher to at least $2,550, calculated by taking the 0.618 Fibonacci ratio of the range’s height and extrapolating it higher. A decisive break would be one characterized by a long green candle that pierced clearly through the level and closed near its high, or three green candles in a row that breached the level.
OANDA:XAUUSD
by TVS-Trader
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly. The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people! This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly. Today's profit is 7000+
TVC:GOLDShort
by David_strategy
CPI data comes, gold price is expected to exceed 2500Judging from the current gold price, I think it is of little significance to refer to technical indicators. From the hourly chart, it is not difficult to see that gold has been fluctuating in the range of 2458 lows and 2475 highs in the past two days, and this state is very likely to change after the release of CPI data in 1 hour. The current gold price shows an obvious bullish trend under the influence of geopolitical crises, interest rate cuts and other factors, and the safe-haven demand and attractiveness of gold prices are still increasing. In the short term, the price is very likely to break through the historical high and stand firm at the 2500-point integer mark. The release of CPI data will not have a great impact on the current bullish trend of gold. If it is bullish for gold, the bullish power will be released directly, directly to 2500 points. If it is bearish for gold, the bullish power will be significantly stronger than the shortish power. This situation will not cause gold to turn downward. Therefore, my strategy today must be mainly bullish. Here are two ideas for your reference. The first is to buy directly at the current price and wait for the price to rise. The second is to wait for the data to be released. If you are bullish, you can directly chase the rise, and if you are bearish, you can wait. Buy at the low point after the negative power is released
OANDA:XAUUSDLong
by AntonyTP
Gold Price Analysis. August 2024. Today, gold is trading near the upper boundary of its ascending channel. Traditionally, this level acts as a critical resistance point, and most oscillators would suggest the market is overbought, signaling a potential selling opportunity. However, the situation may be more complex than it appears. Above the current price, two significant levels loom: the historical high and the psychologically important $2,500 per ounce mark. From a market behavior perspective, which often seems designed to lead retail traders astray, it would not be surprising to see a false bullish breakout above these levels. Such a move could trigger FOMO (Fear of Missing Out) buying among investors and force sellers to close their positions via stop-loss orders. This scenario could be exacerbated by a spike in volatility, driven by geopolitical tensions or today’s critical U.S. inflation data (with further significant reports expected tomorrow). Cycle Analysis by Fintechzoom An overlay of active gold price cycles presents a projection line (shown in red), indicating a potential peak on Friday, followed by a downturn. Given this outlook, it would not be surprising if we witness an attempt to breach the historical high within the next 10 days. Gold Price Forecasts Analysts, including those from Commerzbank, suggest that a new record high for gold is likely, as inflation data could provide additional momentum. Strategists at JPMorgan have set a year-end target of $2,500 for gold in 2024.
OANDA:XAUUSDShort
by fintechzoom
Global considerations on goldNewly launched statistics remains moderate, with product fees in July withinside the US growing much less than expected. The present day problems keep to reinforce the opportunity of hobby price cuts on the FED`s subsequent fundamental list. According to the CME FedWatch tool, the marketplace is presently forecasting greater than 50% of hobby charges to lower through 50 foundation factors on the September coverage meeting. Historically, a low hobby price surroundings has continually tended to reinforce attractiveness. gold conductivity. Allegiance Gold CEO Alex Ebkarian stated that regardless of latest profit-taking, geopolitical tensions and volatility withinside the markets along side observations across the opportunity of hobby price cuts keep to offer The representative sought a secure haven.
TVC:GOLDShort
by FalCol_TradingMaster
Gold price analysis August 14Fundamental Analysis Gold prices attracted some follow-through selling for the second consecutive day on Wednesday and moved further away from the monthly peaks retested earlier this week. A generally positive tone around equity markets dampened demand for the safe-haven precious metal, although geopolitical tensions stemming from ongoing conflicts in the Middle East helped limit losses. In addition, expectations of further rate cuts by the Federal Reserve, bolstered by signs of continued subdued inflation, acted as a catalyst for non-yielding gold prices. Traders also appeared reluctant to place positive bets, preferring to wait for further cues on the Fed’s policy path. As a result, the market’s focus remained on US consumer inflation data. Technical Analysis From a technical perspective, the recent bounce from the 50-day Simple Moving Average (SMA) support and the positive oscillators on the daily chart favor the bullish traders. Therefore, any meaningful decline can still be viewed as a buying opportunity and remains limited. Gold prices appear to be preparing to retest the record high, around the $2,483-2,484 region and target the psychological $2,500 mark. Sustained strength above the latter would mark a fresh breakout through the wider trading range maintained over the past month or so and set the stage for a further near-term upside move. On the downside, the $2,450-2,448 resistance level now looks to protect the immediate downside, below which gold could slide back to the weekly lows around the $2,424-2,423 region touched on Monday. The next relevant support level is anchored near the $2,412-2,410 region ahead of the $2,400 round-figure mark. Canh Sell scalp 2485 - 2487, stoploss 2491 Canh Sell 2500 - 2502, stoploss 2506 Canh Buy scalp 2435 - 2433, stoploss 2429 Canh Buy 2426 - 2424, stoploss 2420
OANDA:XAUUSD
by TVS-Trader