Gold continues to rise again, entry buy todayWorld gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning.
World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State (Fed) to better understand how this agency will cut interest rates this year.
According to RJO Futures senior market strategist Daniel Pavilonis, much of gold's volatility is due to falling yields and the dollar being in the red. However, Pavilonis said that expectations about interest rate decisions also caused gold to increase.
The Fed's policy decision will be made on Wednesday. Markets are expecting the US Central Bank to leave interest rates unchanged at the end of the meeting. Pavilonis, the Fed said that, with the desire to have a stable market, the Fed may not conduct many interest rate cuts and Mr. Powell will also maintain a neutral attitude.
Data last week showed U.S. prices grew moderately in December, keeping annual inflation below 3% for the third straight month and potentially allowing the Fed to start cutting interest rates.
According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's monetary policy stance is currently the most important driver of gold prices. He said that even the safe-haven appeal of precious metals cannot counter changing market expectations around central bank monetary policy.
According to this expert, the market's expectation that the Fed will actively cut interest rates could push gold to $2,200/ounce with an average annual price of up to $2,100/ounce.
Goldsignal
Gold trading strategy today, Buy trend returnsGold prices steadied early in the US session on more safe-haven demand after a weekend terrorist attack in Jordan left three US soldiers dead.
The recent attack on US forces in Jordan threatens to spread conflict in the Middle East, when US leaders are under pressure from Congress to take action in response.
The world is anxiously waiting for the US military's response. President Biden said the US will respond. Developments in the Middle East cause gold prices to continue to rise.
However, analysts say that the continuous adjustment of market expectations about when to cut interest rates by the US Federal Reserve (Fed) could hinder the rise in gold prices.
The US Dollar Index (DXY) measures the greenback's fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), at 103.48 points.
In China, a Hong Kong court issued an order to liquidate Evergrande Group after the company failed to reach an agreement with creditors. The liquidation will be closely watched by the market.
⚡️XAUUSD CMC TRADING ⚡️ WHAT'S NEXT?GOLD has once more adhered to the upper boundary, showing resilience against the hourly resistance near the 2040 mark. Anticipating a downward movement, we foresee a retreat in prices towards the established bottom support at the 1980 level. Despite the ongoing bearish expectations, it's noteworthy that the breakout on the major trend and bullish channel persists, maintaining its validity. Confirmation of the bearish outlook remains contingent on certain factors. Additionally, the upcoming week brings significant key fundamentals that may introduce heightened volatility to gold prices.
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis.
GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes.
GOOD LUCK! Great SELL opportunity GOLD
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GOLD-analyze
Today, Friday, focus on the annual rate of the US core PCE price index in December.
Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020.
Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement.
It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling.
Strategy 1:
Xauusd:sell2026-2030
TP:2020-2017-2010
Strategy 2:
Xauusd:sell2032-2036
TP:2026-2020
SL:2039
With the above two strategies, you can choose the appropriate trading strategy based on your own funds.
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Gold continuously adjusts downward, latest trading strategyWorld gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning.
Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with Growth for the whole year reached 2.5%, and inflation is "cooling down".
According to TD Securities commodity strategist Bart Melek, although the economy is much hotter than expected, the report also shows us that inflation is falling, so we should not prepare for a rise in interest rates. spike. This is helping gold, the expert added.
According to CME FedWatch Tool, after the report, the market expects the US Federal Reserve (Fed) to keep interest rates unchanged at its policy meeting on January 30 and 31 and forecasts an 89% chance of cutting interest rates. capacity in May.
In addition, gold also received some support when a recent report showed that US initial jobless claims increased by 25,000 to a seasonally adjusted level of 214,000 in the week ended January 20. . Economists had forecast 200,000 claims in the latest week.
DeGRAM | GOLD short opportunityGOLD is in the consolidation zone following the drop from the resistance. Probably, the market is creating the AB=CD pattern.
Price is testing the resistance level. The market is coiling up before the new expansion.
We anticipate a breakout of the consolidation zone and a trend continuation.
-------------------
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Gold continues to decline, today's strategy is mainly to sellWorld gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning.
World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the US Federal Reserve (Fed).
According to RJO Futures senior market strategist Daniel Pavilonis, the gold market is in a neutral environment as prices continue to remain above $2,000/ounce and are unable to break out of the current range.
This week, the market is awaiting the preliminary US Purchasing Managers' Index report due out on Wednesday, fourth-quarter GDP data expected on Thursday and personal consumption expenditure data on Thursday. Friday for more signals on the interest rate direction of the US Central Bank.
Fed officials said last week that the US Central Bank needs more data before making any comments regarding any interest rate cuts and that the timing of loosening monetary policy may be later. much higher than market expectations.
GOLD-Will it break through the range?
It can be seen that yesterday gold had strong support from 2017 to 2021, but today’s highest point was at 2037, and the previous highest point was at 2039, which means that the high point continues to move downwards
Xauusd:sell2037-2040
TP:2030-2027-2022
SL:2044
If gold falls directly, we need to continue to observe whether yesterday's 2017-2021 support range fell below
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GOLD-Analysis strategy
This week, the market is paying attention to the upcoming release of a series of economic data. The initial manufacturing and service PMI values for January will be released on January 24, followed by a series of data on January 25: durable goods orders, fourth-quarter GDP growth rate Another revision, weekly initial jobless claims, Chicago economic data, the Federal Reserve's National Activity Index and new home sales, U.S. core PCE, personal income and spending data released on January 26 will have a greater impact on this week's market , pay attention to its specific changes.
We need to pay attention to the resistance of 2032 and 2042 at the top and the support of 2017 and 2021 at the bottom.
The current 2017-2021 range is a relatively important support. If the decline can be stopped here and rises again to break through 2032 or even 2042, gold may reach around 2048 and 2062 again.
If gold falls below the 2017-2021 range, gold may once again test the support of 2000-2005, or even fall below 2000 and reach around 1995
Xauusd:buy2017-2021
TP:2025-2030
SL:2013
Because gold is still in a relatively strong stage, we currently only choose to buy.
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GOLD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis.
GOLD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment.. GOOD LUCK! Great SELL opportunity GOLD
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Trading strategy at the beginning of the week, entry sellGold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024.
Experts predict that the US economy is about to release its 2023 report, with good growth expected and stable employment. When economic growth is good, stocks increase positively. The USD also increased. Investors in the world market previously gathered gold, but they returned to take profits to buy stocks as soon as possible. Therefore, gold as a capital reserve will decrease in price deeply in the future.
On Tuesday, the dollar strengthened and put pressure on gold as US Federal Reserve (Fed) Governor Christopher Waller made "hawkish" comments about cutting interest rates this year. According to Mr. Waller, the US is still far from the 2% inflation target, so the central bank should not rush to cut interest rates until it is clear that lower inflation will be maintained. Previously, many Fed officials, including Cleveland Fed President Loretta Mester, told Bloomberg TV that it was too early to loosen monetary policy in March. Comments from Fed officials showed that The Fed believes that interest rate cuts will come much later, most likely at the end of the second quarter of this year.
The report released Wednesday showed that retail sales in December increased 0.6% from the previous month. This strengthens the Fed's determination not to cut interest rates prematurely. However, gold reversed course Thursday as market attention turned to concerns about escalating geopolitical tensions. Safe haven demand has reduced pressure on interest rate expectations and helped gold increase slightly.
🥇Gold Analysis🥇(➡️RR>2.00)🏃♂️Gold is moving in the 🔴 Heavy Resistance zone($2,075_$2,035) 🔴 and managed to break the Support Lines at the beginning of the new week.
🌊According to Elliott's wave theory , Gold seems to have completed its wave 3 at the 🟢 Support zone($2,010_$2,004) 🟢 (wave 3 was extended ) and is currently on its way to completing wave 4 .
🔔I expect Gold to attack the 🟢 Support zone($2,010_$2,004) 🟢 again after completing the pullback to the Support lines, which, according to Elliott wave theory, we can call this movement =wave 4, and at least until the 🎯 Target 🎯 I specified in the chart, gold will continue to Fall .
🚨 XAUUSD
🔴Position: Short
✅Entry Point: 2019.239 USD (Limit Order)
⛔️Stop Loss: 2032.200 USD
💰Take Profits: 1991.939 USD
Risk-To-Reward: 2.11
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Gold suddenly reversed growth again, an opportunity to sell GOLDWorld gold prices reversed and increased sharply with spot gold increasing by 27.1 USD to 2,022.4 USD/ounce. Gold futures last traded at 2,025.1 USD/ounce, up 18.6 USD compared to yesterday morning.
Developments in the Middle East boosted safe-haven demand for gold on Thursday (US time), helping gold escape its previous five-week low under pressure from changes in interest expectations. productivity after economic report was stronger than expected.
According to senior market strategist Daniel Pavilonis of RJO Futures, amid much uncertainty, gold prices will be kept above $2,000/ounce. On January 17, the US Government returned the Houthis in Yemen to the list of terrorist groups as they continued to conduct attacks on commercial and military vessels.
In addition to the instability factor, speculation surrounding the timing of interest rate cuts by the US Federal Reserve (Fed) is also affecting the direction of gold. Currently, investors are still waiting for further information to learn more about the Fed's future interest rate direction. Currently, most opinions believe that interest rates will be cut if published data shows that inflation "cools down" significantly.
Atlanta Fed President Raphael Bostic said Thursday that he supports cutting interest rates sooner if there is "compelling" evidence that inflation is falling more sharply than expected. In a recent statement, he said that inflation could be "volatile" if policymakers cut interest rates too soon.
GOLD-trading analysis strategies
As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current geopolitical situation, gold's risk aversion is still the mainstream of the market. What the market needs to pay attention to on Thursday is: the number of initial jobless claims in the United States in the week to January 13, the annualized total number of new housing starts in the United States in December, The total number of building permits in the United States in December and the Philadelphia Fed manufacturing index in January.
Gold is still in a downward trend, but if it falls below 2005 again, it will become oversold in the short term, so we have to look at gold in two ways.
Xauusd:buy2000-2005
TP:2010-2015
SL:1997
Xauusd:sell2017-2022
TP:2012-2008
Xauusd:sell2028-2032
TP:2022-2015
SL:2035
There are the above three strategies for your reference. Choose the strategy that suits you according to your own funds and trading style.
You also need to pay attention to the data released during the U.S. trading time, which will affect the trend of gold. Friends with small funds can wait for the data to be released before trading or reduce their positions before the data is released.
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GOLD-analysis
It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because economic overheating may threaten their efforts to combat inflation, the U.S. dollar index came out strong yesterday and gold fell sharply, indicating that the short-term market is optimistic that the Federal Reserve will maintain high interest rates, but the window period is approaching and the continuity remains to be seen.
It can be seen that the downward trend of gold is obvious, but the support from 2015 to 2017 is also relatively strong.
Xauusd:buy2015-2017
TP:2025-2030
SL:2011
Because it is a downward trend, the upper resistance is 2035-2038
Xauusd:sell2033-2038
TP:2028-2020
SL:2043
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Sell strategy, after retesting resistance will increase againGold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected.
The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US airstrikes in Yemen raises risks.
Gold tends to perform well during times of economic uncertainty, with its reliability able to help offset the risks of more volatile assets in conditions such as geopolitical instability.
“Spot gold is also rising as the market clings to hopes that the Fed will cut key interest rates as early as March,” said Han Tan, chief market analyst at Exinity Group.
Gold's chances of reaching a new record high will remain open as long as the Fed can act in line with market expectations
Gold will have a decline and then increase againWorld gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning.
The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected.
The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points.
Although gold prices are rising, some analysts say the precious metal needs a new catalyst or at least clearer clues about the Fed's monetary policy direction to break out of its current range. in.
According to Trade Nation senior market analyst David Morrison, although gold continues to hold its position, more effort is needed to attract new investors to the market.
Gold Buy now Gold price is an inch far from recapturing a weekly high of $2,063 amid persistent bets that the Fed will cut interest rates in March. The precious metal delivered a sharp recovery after discovering strong buying interest while re-testing the crucial support around $2,040. The 14-period Relative Strength Index (RSI) has shifted into the upper range of 60.00-80.00, which indicates that a bullish momentum is active.
Gold Buy now 2042
Confirm Target 2070
GOLD-analyze
There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last week’s PPI data was lower than expected, supporting the Federal Reserve’s dovish policy. However, Thursday’s consumer inflation data was higher than expected. Therefore, U.S. consumer price inflation in December was still high, making it more certain to cut interest rates ahead of schedule. possibility, pay attention to the conditions for effective interest rate cuts in March. The market will focus on Wednesday, U.S. retail sales on Wednesday, weekly jobless claims, U.S. housing starts, Philadelphia Fed survey on Thursday, preliminary University of Michigan consumer confidence data on Friday, existing home sales, among which the Federal Reserve will be released at midnight on Thursday The Beige Book of Economic Conditions was released, the European Central Bank released the minutes of its December monetary policy meeting, and Draghi's speech.
The highest point of gold last week was 2062, and then fell to 2041-2042. It can be judged that 2041-2042 has strong support, and the current range is 2041/2042-2062
If it breaks through 2062, we can see that gold may rise again to around 2079
Today is Martin Day in the United States. The U.S. market is closed early. The possibility of breaking through 2062 today is not very high. Therefore, we still focus on buying.
Strategy 1:
Xauusd:buy2045-2048
TP:2053-2055
Strategy 2:
Xauusd:buy2041-2045
TP:2050-2053-2055
You can choose the appropriate trading strategy based on your funds
I will continue to observe and analyze, join me
Stand still and wait for news, CPI news trading strategy todayWorld gold prices were relatively stable with spot gold down 5.3 USD to 2,023.5 USD/ounce. Gold futures last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning.
World gold decreased slightly in the mid-week trading session as investors were waiting for US inflation data to gain more clarity on the US Federal Reserve's (Fed) interest rate roadmap this year.
RJO Futures senior market strategist Bob Haberkorn said lower-than-expected inflation data would give the Fed more reason to cut interest rates this year, which would push gold prices higher.
US consumer price index data will be released on Thursday. According to a Reuters poll, economists predicted annual inflation would come in at 3.2% in December, but said core inflation could fall to 3.8%, the lowest since December. mid-2021.
A report from the New York Fed revealed that consumers expect inflation to decline, while Fed Governor Michelle Bowman said on Monday that the US Central Bank's monetary policy appeared to be "adequate". limit".
Unpredictable fluctuations, predicted to continue to increaseWorld gold prices stabilized with spot gold increasing 1.3 USD to 2,028.8 USD/ounce. Gold futures last traded at 2,036 USD/ounce, up 2.5 USD compared to yesterday morning.
The world gold market stabilized as investors remained cautious ahead of US inflation data to be released later this week. The data is expected to provide more detailed information about the future policy direction of the US Federal Reserve (Fed).
If the inflation numbers surprise, the Fed may not be able to cut interest rates yet, which would put pressure on precious metals markets, said Kitco Metals senior analyst Jim Wyckoff.
Currently, analysts predict price inflation will slow in December. The New York Fed survey earlier this week also showed that consumers expect inflation to decline, along with income and spending increases. Household spending will gradually increase in the coming years.
Looking at the direction of gold in the medium term, MKS PAMP metals strategist Nicky Shiels forecasts gold prices will fluctuate in the range of 1,900 to 2,200 USD/ounce in 2024 and prices will reach a record high in the first half. this year, boosted by expectations of interest rate cuts.
Experts also do not rule out the possibility that gold will conquer the 2,300 USD/ounce mark when mentioning other factors such as geopolitical instability and the trend of de-dollarization in the world.
On the other side, Shiels said that gold is also likely to fall back to $1,600 an ounce if persistent inflation forces the Fed to maintain its restrictive monetary policy. She said that the possibility of this scenario happening is 20%.
World market turns down, trading strategyWorld gold prices are still attractive when the world's second largest economy is still facing difficulties in economic recovery. Data on China's manufacturing PMI index in December decreased from 49.4 points in November to 49 points in December, lower than the forecast level of 49.5 points. This is the third consecutive month that China's manufacturing PMI index has declined.
Along with that, on January 5, China's giant asset management group Zhongzhi Enterprise Group, with assets of more than 140 billion USD, filed for bankruptcy because it could not pay its debts. This unit said there is about 66 billion USD in its balance sheet that cannot be paid.
Zhongzhi is likened to an underground bank in China, mobilizing capital from households to lend or invest in real estate, stocks, bonds and commodities. It is expected that the amount recovered from the liquidation of this group's assets will be low.
Thus, the Chinese economy is still having difficulty solving the problem of inactivity in the real estate and valuable paper investment sectors. Previously, in 2021, investors witnessed Evergrande's debt default. .
It is forecasted that Country Garden will have a stronger influence than Evergrande because the number of projects is many times larger. Many people compare Zhongzhi to a "debt bomb" in the financial market. Increased risks in the financial market will cause investors to turn to gold speculation to ensure capital flows.
However, the market also witnessed quite positive information from the US economy. Specifically, the new December employment data announced by the US is quite positive with 216,000 new jobs created in the non-agricultural sector, higher than the 173,000 jobs achieved last month and the 170,000 jobs previously forecast.
Average hourly income (year/year) increased from 4% in November to 4.1% in December and higher than the 3.9% forecast. The unemployment rate in the US in December remained at 3.7%. ISM's manufacturing PMI index also increased from 46.7 points in November to 47.4 points in December 2023. Although this index is below the 50 expansion level, the increasing trend of this index shows that the US economy is recovering.
Positive signals from the US economy and the rising USD put pressure on the gold market, causing world gold prices to decline at the beginning of this morning's session. Experts and investors said , gold prices will trade around the range from 2,000 - 2,050 USD/ounce before the market receives new economic information.