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GOLD (XAUUSD): Trading Plan Ahead of NFP 🥇 Today we are expecting the US NFP report. Here are the potential scenarios for Gold. Bearish If the price drops and closes below 1998 key daily structure support, it will be a strong bearish signal and a further decline will be anticipated at least to 1978 Bullish The price formed an inverted head and shoulders formation on a 4H time frame. Bullish breakout of its neckline - 4h candle close above 2041 will give you a strong bullish confirmation. A bullish continuation will be anticipated at least to 2060 level then. Patiently wait for a breakout and then follow the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
GOLD WILL GO SELL CONFIRM CHARTToday’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities see a total of 125 basis points of rate cuts in the US next year. Gold Sell Confirm 2010 Target
OANDA:XAUUSDShort
by FxJoseph_7
GOLD SELL CONFIRM ANALYSIS FOR TODAY Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.
OANDA:XAUUSDShort
by Fx_Jack17
Will gold hit a new record high after NFP? In recent days, gold has seen a remarkable surge, reaching an all-time high of $2070, fueled by growing speculation surrounding the Federal Reserve's potential monetary easing in 2024. This surge coincides with mounting signs of a cooling U.S. labor market, which has captured the attention of traders and investors alike. Traders are currently factoring in a 60% probability of a rate cut by March of the following year, as indicated by CME's FedWatch Tool. This expectation is rooted in the belief that reduced interest rates could make zero-yield gold more appealing compared to alternative assets like bonds and the dollar. This week's Labor Department report added weight to the notion of a shifting labor market, revealing a decline in job openings to 8.73 million in October— the lowest level since March 2021. As these indicators set the stage, all eyes now turn to the upcoming U.S. non-farm payrolls (NFP) data, scheduled for release on December 8. This data holds the potential to be the decisive factor shaping the future trajectory of both gold and silver prices. Traders are now gearing up for the NFP report, anticipating it to confirm the softening of the U.S. employment market. The consensus forecast of +185K jobs added falls below the one-year average, setting the stage for a potential shortfall in job additions. This outcome could further amplify dovish expectations for the Federal Reserve in 2024, potentially paving the way for gold to hit new record highs in the aftermath of the NFP release.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD BUY CONFIRM ANALYSIS FOR TODAY The gold market attempted to catch its breath after a phenomenal day of trading yesterday. Registering a 5.42% round trip, the price of gold obliterated the prior swing all-time-high around $2081 only to retrace the move and end the day significantly lower. The RSI surged into overbought territory and has already recovered – highlighting the massive amount of volatility experienced yesterday. Today, however, trading has been more moderate, trading below the $2050 level but the uptrend remains well intact and well above the 200-day simple moving average (SMA).
OANDA:XAUUSDShort
by Fx_Jack17
Let's see how this gold chart plays out over the next six years!Here's a long-term perspective I have not seen and will be interested to follow. I think bias needs to be removed. The bulls will see a potential shot to the MOON. The bears will see a likely hard spill. NEWS FLASH: This is a new and crazy world! EVERYTHING IS IN PLAY! If this gets above $2200 in 2024, it could be the start of something epic. If we see the $1700s in 2024; then (eek) I'm nervous. All I know for sure is I look fwd. to watching this every quarter for the next several years.
TVC:GOLD
by CSGold1
ADP Non-Farm! How does Gold price affect today?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is currently stabilizing around $2,020 on Wednesday morning, after experiencing a two-day decline from its record high of $2,144 on Monday. The increase in the value of gold is benefiting from a general retreat of the US Dollar, as buyers of the Greenback pause after its recent upward movement and in anticipation of the release of the significant US ADP Employment Change data. ⭐️ Personal comments NOVA: One of the news that often greatly affects Gold today is ADP Non-Farm. The data supports the downtrend along with an adjustment to rebalance the market. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1990 - $1992 SL $1982 TP1: $2000 TP2: $2010 TP3: $2020 🔥SELL GOLD zone: $2049 - $2051 SL $2060 TP1: $2040 TP2: $2032 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold | Where is it headed next?Gold saw a massive spike at the once highest level gold has ever seen and has since then closed under this level (on the daily chart) and is further on the way down again. Now I see a lot of people looking for longs on gold but I don't want you to forget that gold has been rejected 3 times in this zone before and went in a downtrend. So before you load up your longs and look for new highs, don't forget that price just might reverse here. Of course gold will someday see new highs but I don't think it will be for this year. Let me know what you think! Be patient and manage your risk!
OANDA:XAUUSDShort
by FX_Unlimited
Gold retest 2051) down 👇)2000) confirm zooon)💥💥Hello traders what do you think about gold ? Gold break support levels) now gold retest same time rsl) 2051) same) back down 👇) Support levels 2000) I know) Dxy index ☝️ back up rsl 104. Gold ticks up on weaker US dollar, bond yields Dec 5, 202311:36 GMT+5 KEY POINTS: DollarDXYindex down 0.1% Gold may test support of $2,009 per ounce - technicals Investor focus shifts to US non-farm payroll on Friday Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024. Spot gold GOLD gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower. U.S. gold futures GOLD for February delivery rose 0.5% to $2,051.70. Making gold less expensive for other currency holders, the dollar index DXY fell 0.1%, while yields on 10-year Treasury notes US10Y slipped to 4.2375%. Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook. Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. Gold ticks up on weaker US dollar, bond yields Dec 5, 202311:36 GMT+5 KEY POINTS: DollarDXYindex down 0.1% Gold may test support of $2,009 per ounce - technicals Investor focus shifts to US non-farm payroll on Friday Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024. Spot gold GOLD gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower. U.S. gold futures GOLD for February delivery rose 0.5% to $2,051.70. Reuters Graphics Thomson Reuters Spot gold price in USD per oz Making gold less expensive for other currency holders, the dollar index DXY fell 0.1%, while yields on 10-year Treasury notes US10Y slipped to 4.2375%. Even after the dramatic moves in gold prices over the past 24 hours, "for now, the overall trend for gold still looks bullish," said Ilya Spivak, head of global macro at Tastylive. A wave of profit-taking seems to have been triggered after gold rallied at the weekly open, to catch up to Fed Chair Jerome Powell's dovish comments from Friday, along with "pre-positioning ahead of this week's event risk," added Spivak. However, traders have lowered their Fed rate cut bets by March next year to about 60%, from 70% on early Monday, CME's FedWatch Tool shows. Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook. Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. The Middle East conflict and the fear of it spreading has driven money into the yellow metal, said FXCM market specialist Russell Shor. Spot gold may test support of $2,009 per ounce, a break below which could open the way towards $1,980, according to Reuters technical analyst Wang Tao. ❤️ Plaes like and comments My trading ideas 💡 thanks 🙏 for your support)
FOREXCOM:XAUUSDShort
by SMC-Trading-Point