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Slight fluctuations after a series of increasing daysWorld gold prices turned down with spot gold dropping 9.5 USD to 2,375.5 USD/ounce. Gold futures last traded at $2,380.90 an ounce, down $14 from the bright spot. According to Kitco Metals senior analyst Jim Wyckoff, gold turned around due to normal pressure after recent gains. On that side, the recovery of the US Dollar index also added strength to gold. The dollar rose 0.2% after hitting a multi-month low in the previous session as the latest data showed US consumer prices rose less than expected in April. Meanwhile, New York Fed President John Williams said that the positive news surrounding the cooling off job is not enough for the US Central Bank to make an early decision to slow down. Although gold turned down, most experts are still optimistic about gold in the future, predicting that this precious metal will soon conquer new records in the coming months. MarketGauge's director of trading education and research Michele Schneider said that while it doesn't want to start a cycle of monetary policy easing just yet, it's clear the Fed also doesn't want to push interest rates higher and that conditions will eventually deliver. solid level of support for the precious type
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold continues to go up, entry buy todayCooling US inflation pushed gold prices up nearly 30 USD an ounce, and helped Wall Street set a new record. Closing the trading session on May 15, each ounce of world gold for immediate delivery increased by 27 USD to 2,385 USD. During the session, gold price at one point touched 2,390 USD - the highest in nearly a month. The market went up due to the weakening of the USD and falling US government bond yields, after the country announced that April inflation increased more slowly than forecast. This data has strengthened the possibility of the US Federal Reserve (Fed) reducing interest rates. The US consumer price index (CPI) increased by 0.3% last month. In February and March, the increase was 0.4%. This shows that inflation has restored its downward trend, giving investors more confidence that the Fed will lower interest rates from September. CPI "may be an early indicator showing that in the long term, inflation will cool down and the Fed will have the first decision to reduce interest rates," said Phillip Streible - market strategist at Blue Line Futures. CME FedWatch tracker shows that investors currently place a 74% chance of a Fed rate cut in September. The index tracking USD prices with a basket of major currencies - Dollar Index yesterday decreased 0.6%, reaching its lowest level in more than a month. This makes gold more attractive to buyers outside the US. The 10-year US government bond yield also fell to a one-month low.
TVC:GOLDLong
by FalCol_TradingMaster
Still determining the upward price trend, today's trading strateWorld gold prices increased sharply with spot gold increasing by 27.4 USD to 2,385 USD/ounce. Gold futures last traded at 2,391.8 USD/ounce, up 31.9 USD compared to yesterday morning. Gold prices rose to their highest level in more than 3 weeks on May 15 (US time) thanks to support from the weakness of the greenback and falling yields after the latest inflation report. Published data showed that the US consumer price index in April increased less than expected, increasing the possibility of interest rate cuts by the US Federal Reserve (Fed). The dollar fell 0.5% to its lowest level in more than a month, making gold more attractive to holders of other currencies. Benchmark 10-year Treasury yields also hit a more than 1-month low. The CPI data “could be an early sign that over time inflation will cool and the Fed will make its first rate cut,” Blue Line Futures chief market strategist Phillip Streible said. The CPI rose 0.3% last month after rising 0.4% in March and February, suggesting inflation continued its downward trend at the beginning of the second quarter. This has pushed up financial market expectations of an interest rate cut in September. According to Reuters poll results, economists forecast CPI to increase 0.4% in the month and up 3.4% over the month. with the same period last year. Technically, bullish gold futures have the solid overall near-term technical advantage. Kitco Metals senior analyst Jim Wyckoff wrote in a note that bulls' next upside target is to produce a close for June futures above solid resistance. probably at 2,400 USD/ounce.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Pay attention to the impact of CPI data Federal Reserve Chairman Jerome Powell said he was less confident than before that inflation will come down. However, it emphasized that it does not believe that the next step may be to raise interest rates, and is more likely to maintain the policy interest rate at the current level. The U.S. economy is performing very well and has a very strong labor market. GDP is expected to continue growing at 2% or higher. The PPI data is actually quite mixed, with uncertainty as to whether inflation will persist. Today we are paying attention to the seasonally adjusted CPI annual rate data in the United States at the end of April. It is expected to have a greater impact on the market. Please pay attention to the risks. Since gold's slow decline to bottom out at 2330 on Monday, it has turned from a weak shock to a strong shock. It can be seen from Tuesday's U.S. market that even if the data is not conducive to gold, it is difficult to suppress the slow rise of gold. The U.S. market has been gradually rising. performance, and fell back to a high of 2360 for the second time. It is determined that today is a strong performance. Therefore, the current view is that it is a strong rise for the time being. From a technical point of view, the daily line closed above the Bollinger Band on Tuesday. Although it has not yet formed a unilateral rise, the current strong state may reach the daily Bollinger Band high of around 2378, including the 4H cycle. , during the continuous rise, the 4H K-line maintained strong continuous green candles, and the rising momentum was very strong. Let’s first look at the Bollinger upper track high near 2372 for Wednesday’s rise. If the European market continues to rise, I think you can sell when it reaches the resistance point of 2375-2378 for the first time, or wait for the support point of 2342-2345 to buy, and set the SL There is CPI data in the US market. It is expected that the market will fluctuate greatly and the risk will be relatively high. If you don’t want to bet on the data, you can wait for the data to be released and follow the trend to trade. The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
DeGRAM | GOLD bullish momentumGOLD is currently trading in an ascending channel, making higher highs. It broke and closed above the strong resistance level which is 38.2% fibo retracment level as well. The market is currently consolidating following the bullish move. We anticipate a 38.2% pullback to the support level and a trend continuation potentially making new high. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
5
General trading strategy today, which areas should Sell and Buy?Gold prices in Asia increased in the afternoon trading session on May 14, as the market is awaiting important inflation reports expected to be released this week, for more clues about the speed and scale of interest cuts. interest rate of the US Federal Reserve (Fed) this year. Spot gold price increased 0.2% to 2,338.78 USD/ounce, while gold futures price increased 0.1% to 2,344.70 USD/ounce. The US producer price index (PPI) is expected to be announced at 6:30 p.m. Vietnam time, followed by the consumer price index (CPI) on May 15. According to a Reuters poll, CPI figures are forecast to show core inflation rising 0.3% in April from the previous month, down from 0.4% in March, pulling down the inflation rate. annual inflation down to 3.6%. If gold can hold above the level of 2,320-2,330 USD/ounce, it is a positive sign, meaning gold is gaining momentum in the short term. And with the push from weaker CPI figures (if any), he thinks gold is likely to rise to all-time highs in the short term. The weak jobs report and lower-than-expected US non-farm payrolls reported in April released last week have increased expectations about the possibility of the Fed cutting interest rates this year. According to a majority of economists polled by Reuters news agency, the Fed is expected to cut interest rates twice this year, starting in September.
TVC:GOLDShort
by FalCol_TradingMaster
Trading strategy after PPI news, gold increased sharply againWorld gold prices increased with spot gold increasing by 21.9 USD to 2,357.6 USD/ounce. Gold futures last traded at 2,363.6 USD/ounce, up 21.1 USD compared to yesterday morning. Weakness in the USD and Treasury yields following US producer price data for April provided a boost to the yellow metal. The dollar fell 0.2% after US data made gold cheaper for buyers holding other currencies. Yields on the benchmark 10-year Treasury note also fell, reducing the opportunity cost of holding this non-couponing asset. The US producer price index (PPI) in April increased by 0.5% over the previous month, a stronger increase than the forecast of 0.3%. Core PPI (excluding volatile food and energy) also rose 0.5% in April versus forecasts of 0.2%. However, March PPI was revised down to -0.1% from a 0.2% increase in the initial report. Although the April PPI report supported those who expected the US Federal Reserve (Fed) to delay interest rate cuts, the sharp downward revision to the March PPI clearly tempered the increase slightly. larger than expected in April PPI.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trading strategy today, identify uptrendWorld gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to know more about the interest rate direction of the US Federal Reserve (Fed). Currently, traders and investors are waiting for important US inflation data for April with the producer price index to be released on May 14 and the consumer price index on May 15. 5. PPI is forecast to increase 0.3% over the previous month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, unchanged from the March report. CPI Annual growth in April is forecast to increase by 3.6% compared to a 3.8% increase in the March report. Recently, Fed officials have said that the Fed will loosen monetary policy if there is evidence that inflation declines sustainably. Therefore, this data is very important and is expected to have a great impact on the future direction of gold. In a recent interview with Kitco News, global investment strategist Tim Hayes of Ned Davis Research expects gold prices to eventually surpass last month's record high above $2,448 an ounce, but the breakout could may not happen until the Fed actually cuts interest rates.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold confirms uptrend, entry buy todayGold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold remains below record highs hit in April and is expected to trade in a tight range ahead of this week's inflation data. The broader gold and metals market is ahead of key US inflation indicators this week. Producer price index data for April will be available on Tuesday, while more closely watched consumer price index data will be available on Wednesday. Any signs of inflation trouble are likely to further dampen expectations for a U.S. interest rate cut this year, boosting the dollar and pressuring metals prices. The greenback stabilized after recent fluctuations. Data on Friday showed US consumer confidence weakened significantly in May, but inflation forecasts remained high next year. Rising precious metals prices were also pressured by this week's inflation figures, as higher interest rates for longer increased the opportunity cost of investing in metals markets.
TVC:GOLDLong
by FalCol_TradingMaster
Will XAUUSD come back or continue to increase strongly?World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce. During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum did not last long, causing the gold price to fall by 15 USD and end the weekend session at 2,360 USD/ounce. Over the past week, precious metals increased by 2.5% thanks to US employment data supporting dovish views on monetary policy. In addition, military tensions are increasing in both the Middle East and Ukraine; At the same time, data also shows that gold demand from central banks and other needs are all on the rise. Experts assess that gold is still receiving positive support in the coming time as more and more central banks appear willing to lower interest rates, thanks to the above factors. Kitco News' latest weekly gold survey finds industry experts are bullish on the precious metal.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold🥇is Ready to Fall Again🏃‍♂️ Gold is moving near the 🔴 Resistance zone($2,338-$2,318) 🔴and Resistance lines . 📈In terms of Classical Technical Analysis , Gold is completing the Falling Wedge pattern . 🔔I expect Gold to continue falling to the Support lines and 🟢 Support zone($2,272-$2,250) 🟢 at least. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
8
Gold turned up again, entry buy todayGold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when inflation falls below target. Gold prices today also have more upward momentum thanks to increased demand for safe haven capital. The cause stems from the deadlock in ceasefire negotiations between Israel and Hamas after Israel continued to attack Rafah, increasing the pressure of geopolitical risks. With the above picture, investors may expect the gold market to heat up. So they increase their purchasing power. Gold price today increased sharply by 42 USD, from 2,306 USD/ounce to 2,348 USD/ounce at 6:00 a.m. on May 10.
TVC:GOLDLong
by FalCol_TradingMaster
Today's trading trend, waiting to buyWater was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning. The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies. FXStreet editor Joaquin Monfort said that gold prices rose higher "after a number of major central banks decided to cut interest rates or signaled a willingness to cut interest rates more in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-interest-bearing asset, making it a more attractive investment. Specifically, in Sweden, for the first time since 2016, Riksbank has cut interest rates by 0.25% to 3.75%. In the UK, the Bank of England (BOE) announced to keep interest rates unchanged as many people predicted, but signaled that it will cut interest rates in the near future. The Swiss Central Bank, the Reserve Bank of Australia (RBA) and the European Central Bank have also made similar moves.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts. The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress. However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery. Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024. This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year. Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed. The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
TVC:GOLDLong
by FalCol_TradingMaster
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning. World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders. According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged. In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer. Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time. Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position. Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
TVC:GOLDLong
by FalCol_TradingMaster
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning. World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal. In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise. Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
OANDA:XAUUSDShort
by FalCol_TradingMaster