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Gold prices are upheld despite the obstacle of a strong dollar The September CPI exceeding market expectations has reduced the likelihood of a Fed’s jumbo cut, leading to a sharp increase in the dollar and Treasury yields. The probability of a 50bp cut is now at 0%, with a 10.4% chance of rates remaining unchanged. However, despite the dollar going north, gold prices are getting attention, approaching all-time highs, partly due to ongoing geopolitical tensions in the Middle East. The upcoming release of September retail sales data is expected to impact gold prices directly. A solid retail sales outcome would reduce the likelihood of further Fed rate cuts, and the gold’s uptrend would take a break for a while. XAUUSD bounced back to 2650 after briefly testing EMA21. The price sustains a solid uptrend within the ascending channel and holds above both EMAs, indicating a bullish signal. If XAUUSD breaches the resistance at 2680 and the ascending channel's upper bound, the price may gain upward momentum toward a new record high of 2780. Conversely, if XAUUSD breaks EMA21 and fails to hold above the ascending channel's lower bound, the price may fall further to the 2520 level, where EMA78 coincides.
OANDA:XAUUSD
by inkicho_exness
Better Buy Levels SoonTVC:GOLD Based on my analysis, I believe Gold TVC:GOLD is currently at a good selling level. There is potential for the price to drop down to the 0.71 Fibonacci retracement level, which could present a great buying opportunity. Stop Loss: Set just above the recent order blocks, as compared across different time frames. While there may be better selling points ahead, the current support built above the current price level provides confidence in a sell position at this moment. However, if this support level is broken, we should reconsider the selling strategy and potentially look for long opportunities instead.
TVC:GOLDShort
by GlebalTrader
2
Are you ready for the next round of profits?Recently, I found many friends who lost money. They are complaining about the bad market environment. In fact, for me, I don’t think so. On the contrary, I think the current market is a good time to make money. Because the market fluctuations are large enough. This provides a good prerequisite for making money. Compared with the fluctuations of a few points every day, I think it is not a good time to trade at that time. The strategy of fast trading has begun to run. If you are still confused or losing money in trading, you can consider joining the group of fast trading instructions. In this way, you can seize the opportunity to trade and expand profits at such a good trading time like most people. The profits in the group for a week are very stable and huge. After all, the market has given such trading opportunities. It would be a bit inhumane if you don’t take these profits. So if you think so too, then join. I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. CAPITALCOM:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
OANDA:XAUUSDLong
by George_parse
When can I short gold prices?From the trend, the gold price will still fall back to 2650 to test the support. If the support is confirmed to be effective, it is an opportunity to buy. The target will reach the pressure test near 2670. Just observe from the trend line. If there is a geopolitical news outbreak that is good for the gold price at the weekend, the effect will be more direct. The gold price may even rise directly. So the trading theme next week is mainly buying on pullbacks. Friendly reminder. To sum up this week's trading, almost all of them are victories. Traders who follow the fast trading strategy have a proud smile on their faces. After all, there is no defeat this week. Yes. The fast trading plan is customized for everyone. Especially for traders with a bad trading mentality, lack of confidence in trading, and always losing money in trading. They don't know how to buy or sell at a precise position and how to set stop profit and stop loss. Hand-in-hand teaching. Let you know that trading can really become very simple. Of course, the final fast trading strategy is oriented to trading results. Traders who don't want to make money are not good traders. Do you think so? Friends who like it remember to click and follow. We will continue to share next week. CAPITALCOM:GOLD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD
TVC:GOLDLong
by George_parse
How will the New York market trade on October 8?The current gold price is quoted at 2647.72. Does the current investment sentiment expect the market to rise or fall? Interpretation: The current trend of gold prices. It is not difficult to see from the chart. The market is currently in a high-level consolidation stage. It has formed an inverted triangle consolidation trend. Every time it goes high and falls. But the support near 2620 below still exists. MA and MASD echo each other. The probability of selling at a high level to make a profit increases. News: The probability of a rate cut is uncertain, and the number of points of the rate cut also decreases. To a certain extent, the probability of the Federal Reserve's central bank cutting interest rates is very low. In terms of geopolitics, Syria's retaliation has not yet begun. There is uncertainty. In fact, from these two aspects. It is only a matter of time before the price of gold falls. Tip: (Geopolitical outbreaks are sudden, so the fall in the price of gold is not absolute, and investors need to face it rationally). This is an interpretation of market news for a short period of about half a month. It has a certain reference value. In terms of operation, this is also an area that many investors pay close attention to: whether it is ultra-short-term, short-term or medium-term. In terms of operation, the principle of selling high and buying low is maintained for trading. You need to pay attention to risks when trading, this is the first point. At present, the market gold price is in the adjustment stage. Under the premise that there is no dominant news, the gold price can be maintained in the range of 2620-2630 for buying. 2660-2650 is the selling price. This operation strategy will be maintained for a period of time. Until the range adjustment ends, or there is a dominant breaking news that affects the trend of gold prices. Then the ultra-short-term trading strategy is real-time, which requires short-term trading in combination with the intraday time period. It is also necessary to plan in combination with the events of the day. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! CAPITALCOM:GOLD It depends on whether investors like medium-term trading or short-term or ultra-short-term trading. For medium-term trading, you can continue to refer to the strategy analysis I publish every day and trade on your own. If you want to complete ultra-short-term trading. You can follow me for more accurate follow-up. For different students, you can develop a quick start plan separately. It is helpful for recovering losses or expanding profits in the short term. I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now.
OANDA:XAUUSDShort
by George_parse
Huge fall.Today's trend is really pleasing. After all, the profit is obvious. I believe that members who follow the quick instructions to trade have great gains. US media: Hezbollah publicly supports a ceasefire in Lebanon for the first time. Under the influence of this sudden news, the price of gold fell sharply. The current quotation is 2620. It came to the support below. But I think the price of gold will continue to rebound, and soon. If you need such real-time guidance, remember to tell me. In fact, it is normal to draw such a conclusion. Because there are more than ten years of market analysis foundation here. The two consecutive days of events this week can accurately carry out some good transactions. This is not accidental, but an understanding of the market. If you are confused about your current trading. You can refer to the effect of quick instructions. It is only a matter of time to recover losses. If you buy at a high position, you should do this. Because starting earlier can reduce the expansion of losses. I am George. I am an industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to stay tuned. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDLong
by George_parse
Gold Price Rally Continues: The Safe Haven InvestmentGold prices have been experiencing a consistent upward trend. This move has further solidified gold's position as a sought-after investment, particularly during economic uncertainty. As prices continue to hit new records, the yellow metal remains an attractive asset for investors seeking both security and potential returns. The allure of gold as a safe-haven investment is well-established. In periods of market volatility or economic turmoil, investors often turn to gold as a hedge against inflation and currency devaluation. Its physical nature, unlike stocks or bonds, provides a tangible asset that can be held onto during times of crisis. Additionally, gold's limited supply and increasing demand from emerging markets have contributed to its upward price trend. Beyond its role as a haven, gold has also been gaining popularity as an investment asset. Many investors view gold as a long-term store of value, believing that its price will appreciate over time. While there are periods of volatility, the overall trend has been upward, particularly in recent years. Gold can also be a diversifier in an investment portfolio, helping reduce overall risk. The continued rise in gold prices has also spurred interest in gold-backed investments. Exchange-traded funds (ETFs) that track the price of gold have become increasingly popular, offering investors a convenient and liquid way to invest in the precious metal. These ETFs can be bought and sold on stock exchanges, making them accessible to more investors. However, it's important to note that investing in gold is not without its risks. While gold has historically been a good hedge against inflation, there are no guarantees of future price appreciation. Economic conditions, geopolitical events, and changes in investor sentiment can all impact the price of gold. Investors need to do their research and consider their risk tolerance before making any investment decisions. In conclusion, gold continues to be a highly sought-after investment asset. Its reputation as a safe haven, coupled with recent price increases and the reduction in customs rates, has made it even more appealing to investors. Whether as a hedge against inflation, a long-term store of value, or a diversifier in an investment portfolio, gold offers a unique set of benefits. However, it's important to approach gold investing with a long-term perspective and a thorough understanding of the risks involved.
OANDA:XAUUSD
by bryandowningqln
Gold recovers - touch TREND H2 - SELL NOWXAU / USD trend forecast October 11, 2024 Gold price (XAU/USD) pulls back slightly from a three-day high, trading around $2,640 in early European trading on Friday, though still up over 0.40%. A rise in US jobless claims indicated labor market weakness, allowing the Federal Reserve to continue cutting rates. This led to a slight drop in US Treasury yields and a softer risk tone, helping gold gain for a second day. However, stronger-than-expected US inflation data reduced the chances of another large Fed rate cut in November, supporting the US Dollar and limiting gold's gains. Traders now await the US PPI, Michigan Consumer Sentiment, and Fedspeak for further direction. Gold recovered - broke the downtrend H1. However, the larger frame H2 - H4 still shows that the correction is still continuing. While the market psychology is worried that there will be no further interest rate cut in November. /// SELL XAU : zone 2652-2655 SL: 2660 TP: 50 - 100 - 300 pips (2625) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
2
The two-way rush of the US dollar and gold awaits PPI dataAfter 6 consecutive negative lines, the gold daily line rebounded near 2600 yesterday, and directly rose to 2630. At present, it has reached the 45-day level. Although the big positive line rose yesterday, it does not mean that the market has reversed. It is still operating in the channel range. Gold has not formed a dead cross in the 4-hour period. It has not broken down now. If it breaks down, the downward space of gold can be opened. Short-term gold will start to fluctuate. The 2600 line below gold has not been broken three times. Today, gold can hold 2600 and go long first. After the middle-yin line broke down, there was no strong continuation. Instead, the oscillation back and forth consumed the downward momentum. In the past few days, the support of 2600 line has been tested several times in a row, but it has not been successfully broken down. This shows that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. The upper side still needs to focus on the 2650 line pressure level. If it breaks through this position, then this round of callback will come to an end. Otherwise, gold will continue to fall. Detailed intraday operation strategy: SEII: 2650 Target: 2630-2620 BUY: 2625 Target: 2650----2660
TVC:GOLD
by David_strategy
6
Did you buy at the high?From the intraday trend, there are signs of continued rebound. But it needs the promotion of news. Independent traders need to pay close attention to whether the pressure position of 2630-2634 above can be accurately broken through and stabilized. At present, the current price is around 2621. If you want to trade, there will be some profits in the short term. If the gold price breaks through 2634 quickly and stabilizes, the rebound will continue. COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDLong
by George_parse
XAU down! correction 10/10/2024XAU / USD trend forecast October 10, 2024 Gold continued its decline for the sixth straight day after the Federal Reserve (Fed) released its September Meeting Minutes. The Minutes revealed that most FOMC members supported a 50-basis-point cut, though XAU/USD remains near $2,610, down 0.37%. While some officials preferred a 25 bps cut, all agreed on lowering rates. Most participants saw inflation risks decreasing, while concerns about the labor market increased. H1 frame shows Gold price correction - amid news of China stopping gold purchases continuing to impact further bullish momentum. Price continues to correct below 2600 /// SELL XAU : zone 2623-2626 SL: 2631 TP: 50 - 100 - 300 pips (2596) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
5
Don't miss the great SEE Opportunity in GOLD1-hour XAU/USD chart here's a concise analysis: Current Price Movement: The price still ranges around $2,624, just below the resistance at $2,630. There is consolidation in the current zone, indicating indecision in the market. Trendlines: The previous upward trendline has been broken, and the price is trending lower. A downward-sloping trendline from earlier highs is visible, indicating that bearish momentum may still be in play. Support and Resistance: Immediate support lies at $2,589.35. Resistance remains at $2,630, where price rejection could push the market lower again. Below the $2,589.35 support, another potential support zone lies around $2,570. Outlook: Unless a breakout occurs, the price could remain range-bound between $2,624 and $2,630. A break below $2,604 could target $2,589 and further down towards $2,570. If bulls regain momentum and break through $2,630, there may be a push toward the $2,650 area.
FX:XAUUSDLong
by forexcitysignal
10.10 Gold price under pressure for six consecutive days, pay atOn Wednesday (October 9), spot gold plunged nearly $15. After the latest minutes of the Federal Reserve meeting were released, the market's expectations that the Federal Reserve would keep interest rates unchanged in November suddenly heated up, which stimulated the strength of the US dollar and hit gold prices. Due to the strengthening of the US dollar and the weakening expectations of the Federal Reserve's sharp interest rate cut in November, gold fell for the sixth consecutive trading day on Wednesday. Spot gold closed down $14.13, or 0.54%, at $2,607.71 per ounce on Wednesday. The price of gold fell to a low of $2,605.16 per ounce during the session. Intraday data focus: US September unadjusted CPI annual rate US September seasonally adjusted CPI monthly rate US initial jobless claims for the week ending October 5 (10,000) Technical analysis: 1. There may be more pullbacks in the Asian session, and the European session will rise. 2. Only when the 2,624 watershed is broken will it fluctuate. If it is suppressed, it will still be a weak correction. 3. Pay attention to the pullback in the US market. Therefore, if the Asian market reaches 2611-2, go long, stop loss 04, and the target is 2624-6. Strong resistance is 2630-32. The US market cycle is short, and it depends on the strength of the European market's pullback, but the rhythm of the cycle has not changed.
TVC:GOLDLong
by David_strategy
1
10.10 Analysis of short-term gold operationsIn the early Asian session on Wednesday (October 9), spot gold fluctuated in a narrow range and is currently trading at $2,610.88 per ounce. Gold prices fell more than 1% during Tuesday's session, hitting a low of $2,604.68 per ounce, the lowest since September 20, and closed at $2,621.76 per ounce. Recent US employment data hit expectations of a larger rate cut, and as Hezbollah supported efforts to reach a ceasefire, market concerns about a possible all-out war in the Middle East cooled, also weakening gold's safe-haven buying. Technical Analysis Daily Chart On the daily chart, gold prices are close to the trend line, and buyers are expected to intervene at this point, setting a risk range below the trend line, ready to push gold prices up and set new highs. Sellers hope to see gold prices break below the trend line to increase bearish bets and fall to new lows. 4-hour chart On the 4-hour chart, gold prices fell below the recent low yesterday, then pulled back and continued to fall. Buyers want to see gold prices rise back above $2,625 to prepare to push prices higher and set new highs, while sellers may continue to target the trendline for now. 1-hour chart On the 1-hour chart, the lower limit of today's daily range is near the trendline. If gold prices fall to the trendline today, the trendline should limit the decline. Tomorrow's US CPI report may determine whether gold prices continue to rise or fall further The US CPI report and US unemployment claims data will be released. On Friday, the US Producer Price Index (PPI) and the University of Michigan Consumer Confidence Index report will be released.
TVC:GOLDLong
by David_strategy
Gold May Fall to 2595.00 - 2605.00 (READ DESCRIPTION)Gold May Fall to 2595.00 - 2605.00 Pivot Point: 2631.00 The pivot at 2631.00 is a significant resistance level. The price remaining below this point indicates bearish sentiment in the market. If the price breaks above this level, it may signal a shift towards a bullish trend. Primary Strategy (Our Preference): Entry Point: Initiate short positions below 2631.00. Target Levels: 2605.00: This is the first target, representing a potential decline of 26 pips from the pivot. This level may attract some buying interest; however, strong bearish momentum could push through it. 2595.00: The next target indicates a further decline of 36 pips. If selling pressure continues, this level could be reached as a significant downside extension. Alternative Scenario: If the price moves above the pivot point at 2631.00, consider long positions. Entry Point: If the price breaks and sustains above 2631.00, initiate long positions. Target Levels: 2642.00: The first upside target, suggesting a potential rise of 11 pips from the pivot. This level could serve as initial resistance. 2653.00: The next target indicates a further upside move of 22 pips, suggesting potential for a stronger bullish trend if momentum builds. Technical Outlook: RSI Indicator: The RSI is likely reflecting bearish momentum, suggesting further downside as the price remains below the pivot. MACD Indicator: The MACD is expected to be below its signal line, confirming bearish sentiment. Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, indicating short-term weakness and reinforcing the bearish outlook. Market Dynamics: As long as the resistance at 2631.00 is not surpassed, the risk of breaking below 2605.00 remains high, potentially leading to further declines toward 2595.00. A sustained break above 2631.00 may shift market sentiment, opening the path for a move toward the upside targets at 2642.00 and 2653.00. Gold is poised for a potential decline as long as it remains below 2631.00, with targets set at 2605.00 and 2595.00 for further downside. A breach above 2631.00 could indicate a shift to bullish momentum, targeting 2642.00 and 2653.00 for further upside.
OANDA:XAUUSD
by CharivapaAlgo
1
10.9 Gold bottoming out may not be over yetGold fell below the low point of the previous correction yesterday, and the daily line went out of the 5-day negative pattern. This is too much for the bull correction. The continuous negative time is too long, but from the price point of view, it is not, and the amplitude is not enough. The price broke the short-term 5-day and 10-day moving averages, which means that the overall pattern has weakened. Especially after 5 consecutive negatives, there is still momentum for further retracement today. For today, the probability of continuing the oscillation cycle is still very high. 1. The bottoming out and rebounding during the day, the European market rebounded. 2. The US market rushed down and continued to fall, but the European market rose, and the probability of breaking the bottom today is small. Just look at it as a shock. 3. The previous low point is supported at 2613-4. In terms of data: EIA crude oil inventory in the United States as of October 4 (10,000 barrels) Intraday short-term operation suggestions: BUY: 2608 target 2628---2635 SELL: 2635 target 2625----2620
TVC:GOLDShort
by David_strategy
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
3
10,8 Technical Analysis of Gold Short-term OperationsAt the end of the Asian session on Tuesday (October 8), spot gold maintained its intraday decline, and the current gold price fell to around $2,627/ounce. Spot gold closed down 0.41% on Monday at $2,642.28/ounce. There was no important data released from Monday to Wednesday to guide the market, but the speeches of several Fed officials need special attention, and then there is the September CPI data on Thursday, the initial jobless claims data for the week, and the minutes of the Fed meeting at 2 a.m. From the daily level, a small negative column was recorded yesterday, and the price remained below the short-term moving average. The moving averages of other cycles were arranged upward. The Bollinger overall intended to close, the MACD double-line dead cross probed downward, and the green kinetic energy column increased in volume, which was in line with the K-line trend. The primary pressure above was around $2,650, which was close to the previous high. Below this, the daily line still tended to be short. $2,650 is the first resistance, and further resistance upwards is near 2,660 (three points above and below). If the intraday rebound does not break through and there is no geopolitical situation to increase risk aversion to support it, the technical retracement and repair demand will continue. Further support below is $2,630. After breaking through, it can extend to the $2,620-2,618 range. In other words, today's trend is expected to retrace first. If it can retrace to the expected range, you can participate in the bullish trend.
TVC:GOLDShort
by David_strategy
3