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Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Trading strategy the beginning of the week,waiting for NonfarmWorld gold prices tend to decrease with spot gold down 2.1 USD compared to last week's closing level to 2,080.2 USD/ounce. Last week, the gold market entered a new trading week relatively quiet without catalysts. Prices were nearly flat until Thursday when a report showed consumer prices were lower than forecast. After a slow start Friday morning, the precious metal began to attract some follow-on buying momentum following the results of the University of Michigan's consumer sentiment survey and weaker-than-expected manufacturing data. April gold futures prices continuously increased and closed the week at 2,095.2 USD/ounce, up 2% compared to the previous week. This was the best weekly gain since November. Although gold had a spectacular breakthrough last week, experts are still cautious about this precious metal in the short term. Some opinions say that the gold market may be under profit-taking pressure this week and the price is likely to be pushed back to the range that gold has maintained in recent times. Besides, although recently released data shows that inflationary pressures are decreasing, according to experts, that is still not enough for the US Federal Reserve (Fed) to change its view on interest rates. . The data released this week is considered very important as it can change the newly rekindled market optimism. This week, the market will wait for the February non-farm payroll report. This employment data is considered very important by investors and can take away everything that gold had last week. . Forexlive.com expert Adam Button said that he only believes last week's price increase in gold is sustainable if the upcoming report shows that the job market is actually going down.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold🥇is Ready to Pump Again💡After breaking the Support line , Gold managed to attack the Resistance lines with a Bullish Marubozu Candle . 🌊Regarding Elliott wave theory , Gold is completing a Zigzag Correction(ABC/5-3-5) so that Gold is currently completing the microwave 4 of the main wave C . 🔔I expect Gold to start rising again from the 🟡 Potential Reversal Zone(PRZ)($2,045_$2,041) 🟡 and the main wave C in the first target can finish near the upper Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴. Gold Analyze ( XAUUSD ), 1-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:XAUUSDLong
by pejman_zwin
12
Now it's time for🥇Gold🥇to Fall✅As I expected in yesterday's post , Gold started to rise again after breaking the Resistance lines and reacting to the upper Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴. 🌊Regarding Elliott wave theory , It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴, and now we have to wait for Gold to fall . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to fall to at least the Uptrend line . Gold Analyze ( XAUUSD ), 1-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
21
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said. Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March. Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, And off to a piptastic start with our chart idea playing out, as analysed. Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke. We are now seeing price at the retracement level giving plenty of bounces inline with our plans to buy dips. Ema5 has also locked below 2030 leaving the swing range now open. Although we are likely to see each level before the swing range (2025, 2020) to provide bounces. We just have to now keep in mind the potential for further dips but ultimately we are looking for the 2036 retest again with a cross and lock to open the range above. We just need to keep in mind the range has now extended into the swing range when managing exposure against the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2036 - DONE EMA5 CROSS AND LOCK ABOVE 2036 WILL OPEN THE FOLLOWING BULLISH TARGET 2044 2048 EMA5 CROSS AND LOCK ABOVE 2048 WILL OPEN THE FOLLOWING BULLISH TARGET 2055 BEARISH TARGETS 2030 - DONE EMA5 CROSS AND LOCK BELOW 2030 WILL OPEN THE SWING RANGE SWING RANGE 2016 - 2010 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term. Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active. As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Is Ready to Fall Again!!!🏃‍♂️Gold is moving in the 🔴 Resistance zone($2,035_$2,027) 🔴 and reacted well to the Resistance line . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to fall to at least the 🟢 Support zone($2,010_$2,002) 🟢 after the Uptrend line break. Gold Analyze ( XAUUSD ), 1-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
7
Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital. On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday. Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning. Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates. Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy. Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week. He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year. Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March. Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
OANDA:XAUUSDLong
by FalCol_TradingMaster
World gold price continues to decline sharply, long-term sellingWorld gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning. Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain stuck in a range with support at $2,000 an ounce and resistance around $2,050. ounce. Last week, both consumer and producer prices rose more than expected, putting pressure on gold. The published report shows that the threat of inflation is still persistent. Although gold is stuck, some analysts still emphasize the importance of this precious metal. According to market analyst James Hyerczyk of Fxempire.com, precious metals are still an important safe haven asset when developments in the Middle East are increasing geopolitical instability. He attributed gold's recent recovery to a weakening dollar and fears of rising tensions in the Middle East, which have helped boost gold's status as a haven asset. Safety is preferred. Some other opinions believe that the possibility that the US Federal Reserve will loosen policy this year is also a supporting factor for gold and this precious metal to break out when the first round of policy easing takes place. .
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold🥇 is Ready to Go UP🚀🏃‍♂️Gold is moving in the 🔴 Resistance zone($2,010_$2,001) 🔴. ✅It also seems to have broken the Resistance lines . 🔔I expect Gold to at least touch the upper Resistance lines after breaking the 🔴 Resistance zone($2,010_$2,001) 🔴. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
7
GOLD ⇒ two same patterns!hello guys... as you can see, two head and shoulders patterns happened, the first one experienced a weak breakdown so we cannot count on it! the second one is a slope pattern so we should wait until the price breaks down strongly! then we can get a short position with these targets: target1: 1996.4$ target2: 1981.7$ ______________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
OANDA:XAUUSD
by melikatrader94
12
XAUUSD 4HR Analysis Update by OfficialKieranTrewickXAUUSD 4HR Analysis Update by OfficialKieranTrewick A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure. Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
🥇Gold🥇is Ready to Fall✅Gold finally managed to break the Support lines . 🔔I expect Gold to trend lower this week and be in the 🟢 Support zone($2,010_$2,004) 🟢. Gold Analyze ( XAUUSD ), 1-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
1
🥇Gold🥇Will Go Down by Evening Star Candlestick Pattern📈 Gold failed to break the 🔴 Resistance zone($2,052_$2,043) 🔴and finally lost its Uptrend line. 💫 Gold has completed its pullback to the Uptrend line with an Evening Star Candlestick Pattern . 🔔I expect Gold to continue falling after breaking the Support lines , at least to the 🟢 Support zone($2,010_$2,004) 🟢. 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
9