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Gold continues to fall as expected, waiting for a recovery pointWorld gold prices reversed slightly this morning, with spot gold down 12.7 USD to 2,065 USD/ounce. Gold futures were listed at 2,075.8 USD/ounce, down 12.2 USD compared to yesterday morning. World gold prices decreased slightly after hitting a 3-week high when pressured by the recovery of the USD and rising bond yields. The US Dollar Index rose 0.2% after falling to a five-month low. Benchmark 10-year bond yields rebounded and exited their lowest level since July, denting the appeal of bullion. This expert predicts gold prices will be higher in the next 12 months thanks to weaker economic data and cooling inflation in the US forcing the Fed to cut interest rates. Currently, according to the CME FedWatch tool, investors are betting on an 88% chance that the Fed will cut interest rates as early as March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Does gold have a chance to decrease slightly before the strong?World gold prices this morning continued to increase slightly with spot gold increasing by 10 USD to 2,077.7 USD/ounce. Gold futures were listed at 2,088 USD/ounce, up 9 USD compared to yesterday morning. The world gold market was quiet this morning due to the lack of data in the last week of 2023. Experts say that this precious metal is preparing for a prosperous new year with expectations from the Federal Reserve. The US (Fed) will cut interest rates in the first quarter of 2024, which are increasingly increasing. Gold was also slightly boosted by the weakening of the USD and bond yields. The US Dollar Index hit a five-month low and saw its first annual decline since 2020, making bullion more attractive to foreign buyers. Benchmark 10-year Treasury yields also hit their lowest level since July 24.+ Data released last week showing “cooling” inflation has boosted financial market expectations of a rate cut from the Fed next March, and according to the FedWatch tool, traders are now pricing around a 90% chance of this happening. Talking about gold's fluctuations in 2024, senior market strategist Bob Haberkorn of RJO Futures said that, entering the new year, the market is mainly focused on the story of falling interest rates and gold will be nothing but. price increase.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
XAUUSD- XAUUSD trading strategy, Gold trendWorld gold prices turned down this morning with spot gold down 10 USD to 2,030.2 USD/ounce. Gold futures last traded at 2,043.3 USD/ounce, down 8.8 USD compared to yesterday morning. The world gold market was quiet in the early morning trading session this morning as traders waited for a series of economic data at the end of the week to get new clues about the US Central Bank's monetary policy roadmap. RJO Futures senior market strategist Daniel Pavilonis forecasts that gold prices will stabilize above $2,000 an ounce and mainly trade at higher levels considering geopolitical risks in the market, including US elections next year, which could prompt money managers to add gold to their portfolios. Last week, the US Federal Reserve (Fed) said its strongest monetary tightening cycle in the past four decades was over and interest rate cuts would take place in 2024. However, the Chairman Atlanta Fed branch Raphael Bostic gave the opposite view that the US economy is still strong and there is no rush to make a decision to cut interest rates. This official said that policymakers still need "several months" to have enough data and is confident that inflation will continue to go down and the first interest rate cuts are expected to begin in the third quarter. . Meanwhile, according to the FedWatch tool, markets are pricing in about a 79% chance that the Fed will cut interest rates in March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🚨Gold is Ready to Fall🚨🏃‍♂️Gold is moving in a 🔴 Heavy Resistance zone($2,075_$2,035) 🔴. 🌊According to the theory of Elliott waves , it seems that Gold managed to complete one of the corrective waves near the 🔴 Resistance zone($2,010.40_$2,046.70) 🔴. 🌊The correction wave structure is of Zigzag(5-3-5) type, so microwave A had an Expanding Leading Diagonal structure. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to Fall at least to 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
13
🗺️Gold Roadmap🗺️⚔️Gold attacked the 🔴 Heavy Resistance zone($2,075_$2,035) 🔴 for the fourth time but failed to break it and created a 🐮 Bull Trap 🐮. 🌊Gold started to form corrective waves after completing its 5 impulse waves at the 🔴Heavy Resistance zone($2,075_$2,035)🔴. 🌊The first main wave, the main wave A , had a Double Three Correction(WXY) structure. 🌊The second main wave, main wave B , had a Zigzag(ABC/5-3-5) structure ( it was very accurate in terms of Fibonacci levels ). 💡Since the main wave B has retraced 127.2% ( very accuracy ) of the main wave A , we should expect the main structure of the corrective waves to be Expanding Flat(ABC/3-3-5/most common) or Running Flat(ABC/3-3-5/most rare) . 🔔I expect Gold to Fall at least to the 🟢 Support zone($1,905_$1,882) = Running Flat 🟢 and the Support line , and if the support zone is broken, we should wait for Gold to fall to the 🟢 Support zone($1,837_$1,808) = Expanding Flat 🟢// 🟢 Heavy Support zone($1,704_$1,661) = Expanding Flat 🟢. Gold Analyze ( XAUUSD ), Daily 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
3
What's next for Gold after $2,100 record? PCE report in sight What's next for Gold after $2,100 record? PCE report in sight As attention in the financial markets shifts towards the upcoming US Personal Consumption Expenditures (PCE) inflation report set for release on Friday, its significance becomes apparent. This report holds the potential to provide crucial insights into future monetary policy adjustments. Moreover, its outcomes could ripple across various sectors, influencing the strength of the US Dollar and impacting both the stock market and the value of gold. Looking at the daily chart for the XAU/USD pair reveals a potential upward tilt in risk. Notably, gold has recently achieved a historic milestone, surging to an all-time high of over $2,100 per ounce. While a minor correction followed, this event remains undeniably significant. Within this context, the Core Personal Consumption Expenditures (PCE) Price Index, the favored inflation measure of the US Federal Reserve, takes center stage. The annual PCE inflation rate in the US dipped to 3% in October 2023, a level not seen since March 2021. Projections for this Friday’s PCE report hint at a potential fall to either 2.8% or 2.9%. Notably, a failure to reflect moderation in these figures would signal that the economy is still operating at an elevated temperature, potentially indicating that any policy stance adjustment could be premature.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold continues to run slowly to wait for new breakthrough newsWorld gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future. World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning. World gold fluctuated slightly in the first trading session of the week as investors waited for important US inflation data to be released at the end of the week to look for more signals about the Federal Reserve's interest rate direction. America after recent peaceful statements. According to Jim Wyckoff, senior analyst at Kitco Metals, the market is in pause mode waiting for the next important fundamental economic news or data. He said that the buying activity of traders in the first trading session of the week was the psychology of buying when prices fall. Wyckoff added that the fundamental factors keeping gold prices are a weakening dollar, looser monetary policy and some safe-haven demand from tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold trading trends and strategies todayFocusing on technical analysis, XAU/USD retains a bullish outlook, although its upward journey may encounter temporary setbacks. This means there could be transient pullbacks in the uptrend, especially if overbought conditions are reached. We are not there yet, but the 14-day RSI indicator is heading in that direction, In terms of major levels to watch, resistance looms at $2,050. On further strength, the focus shifts to May’s peak near $2,075. Previous attempts to breach this barrier on a sustained basis have been unsuccessful, so history could repeat itself on a retest. However, if a decisive breakout materializes, a rally toward the 2023 swing high becomes a realistic prospect. On the other hand, if upside momentum wanes and sellers spark a reversal, the first line of defense against a bearish attack appears at $2,010. Maintaining this floor is crucial; a failure to do so could reinforce downward pressure, exposing trendline support near $1,990. Below this threshold, all eyes will be on the 50-day simple moving average. TVC:GOLD SELL 2038 - 2040 ✔️TP1: 2033 ✔️TP2: 2028 🚫SL: 2048
TVC:GOLDShort
by TinaTradingGold
XAUUSD - Trading strategy after CPI news on December 13World gold prices fluctuated slightly with spot gold down 1.3 USD to 1,979.5 USD/ounce. Gold futures last traded at 1,993.2 USD/ounce, down 0.5 USD compared to yesterday morning. Although the world gold price this morning was listed close to the level of yesterday morning, it has decreased sharply compared to the increase during the day. Specifically, gold plunged and lost the previous 0.5% increase after a new report was released showing that consumer prices in the US did not decrease in November. Inflation data was released first. The Fed's final monetary policy meeting in 2023. The market is expecting the US Central Bank to maintain interest rates at its meeting on Wednesday. The consumer price index (CPI) rose 3.1% year-on-year in November, in line with economists' expectations. November CPI increased 0.1% compared to the previous month. The dollar pared losses after the CPI data and made gold less attractive to holders of other currencies. Economists note that the latest inflation data could cause a shift in market expectations for an interest rate cut as early as March. US Federal Reserve officials ( The Fed) has emphasized that it needs to see a sustained downward trend in inflation before starting to reduce interest rates.
OANDA:XAUUSDLong
by FalCol_TradingMaster
PPI news trading strategyThe world's gold price today, December 13, continues to decrease when the US releases the latest emission data, creating motivation for the USD to increase in price. Gold prices today have not stopped falling in the context of the US announcing the annual consumer price index (CPI) in November 2023 increased by 3.1%, 0.1 percentage point lower than the previous month of 3.2. %. At the same time, the US also announced that annual core inflation in November 2023 increased by 4%, unchanged from the previous month and in line with market forecasts. Immediately, investors speculated that the US Federal Reserve would keep interest rates unchanged after concluding its meeting at dawn on December 14. In particular, many people have reduced their expectations that the FED will soon reduce interest rates in 2024. SELL XAUUSD 1990 - 1992 SL 2000 TP 1982 TP2 1973
OANDA:XAUUSDLong
by NicoTradingMaster
🚧Gold is Ready to Attack the Support zone🚧✅Gold managed to break its Ascending Channel last week. 🌊According to the theory of Elliott waves , Gold has completed a Zigzag(5-3-5/ABC) wave inside the ascending channel. 🔔I expect Gold to Fall at least to the 🟢 Support zone($1,960_$1,931) 🟢, and if this zone is broken, the next destination for Gold can be the Support lines . 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
Trading strategy on December 12, priority to sellWorld gold prices dropped sharply with spot gold down 25.2 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,997.3 USD/ounce, down 17.2 USD compared to yesterday morning. World gold prices slid due to pressure from the recovery of the USD and rising bond yields. The USD rose 0.2%, making gold more expensive for holders of other currencies. US 10-year Treasury yields also rose higher, increasing the opportunity cost of holding gold. Currently, investors wait for important meetings of several central banks. Specifically, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank will also conduct policy meetings on Thursday. In addition, investors are also interested in data. US inflation data. This data is said to be able to influence the policy roadmap of the US Federal Reserve (Fed).
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - Short-term gold trading strategy, Gold goes up and downWorld gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,006 USD/ounce. Last week, the yellow metal continuously plummeted after hitting an all-time high at the beginning of the week and anchoring nearly 2,000 USD/ounce. Kitco News' latest weekly gold survey shows most retail investors still expect prices to rise this week, while the majority of market analysts have turned bearish or neutral on the outlook. Short-term outlook for the yellow metal. Specifically, among Wall Street analysts participating in Kitco News's latest gold survey, only 20% forecast that gold prices will be higher this week, with more than half of experts predicting prices will decrease. Meanwhile, 59% of retail investors expect gold to increase. Retail investors expect gold prices to trade around 2,056 USD/ounce this week. This week, developments in monetary policy meetings of major central banks around the world will be closely watched by the market. Accordingly, the Federal Open Market Committee (FOMC) of the US Central Bank will meet on Wednesday, followed by the meeting of the Bank of England and the European Central Bank on Thursday. All three banks banks are forecast to keep interest rates unchanged, although investors will still be watching to see if there is a change in the tightening trend and their forecasts.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The trend is decreasing, the current reasonable entry pointGold prices rose after the release of weaker-than-expected US ADP jobs data. Specifically, the US economy created 103,000 new jobs in November, much lower than the expected 130,000. The October figure was revised down to 106,000 from the previous estimate of 113,000. These figures follow Tuesday's JOLTS US Job Openings survey, adding to evidence that restrictive monetary policy is starting to weigh on demand for workers. On the other hand, the US ISM services PMI showed a larger-than-expected improvement, helping to negate a sharp slowdown in the US economy. CME Group's FedWatch tool is pricing in a more than 50% chance that the US central bank will cut its benchmark interest rate by 25 basis points in March. The market is in a moderately positive mood as investors grow increasingly confident that the major central bank tightening cycle is over.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold continues to fall deeply, the moves weaken goldWorld gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase strongly when the market expected the US Federal Reserve (Fed) to cut interest rates as early as March. According to CME FedWatch Tool, markets forecast a 50% chance that the Fed will cut interest rates. rates in the first quarter of 2024. TD Securities experts said that market expectations for interest rate cuts may be premature and warned that gold's rally has exhausted itself.
OANDA:XAUUSD
by FalCol_TradingMaster
1
GOLD (XAUUSD) Structure Analysis & Key Levels 🥇 Here is my latest structure analysis for Gold. Horizontal Key Levels Resistance 1: 2142 - 2150 area Support 1: 1998 - 2009 area Support 2: 1963 - 1977 area Support 3: 1930 - 1938 area Vertical Key Levels Rising trend line - daily candle close below that will turn that trend line into a vertical resistance. My focus is on a trend line at the moment. We see a breakout attempt of that. Daily candle close below will be an important sign of strength of the sellers. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
XAUUSD - Rising sharply then reversing with a shock declineGold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This factor has motivated many people to put capital into bonds. Meaning that money flowing into precious metals is limited. Since then, speculators speculated that the price of gold might go down, so they sold it to make a profit. The world gold price today at 6:00 a.m. on December 5 dropped to 2,030 USD/ounce. Previously, at the beginning of December 4, the world gold price sometimes reached a record level of 2,147 USD/ounce. The main reason is that financial investors are afraid of risks, so they increased their need to shelter capital in gold when the US said missiles fired by Houthi rebels in Yemen attacked three commercial ships in the Red Sea. Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD (XAUUSD) ATH Ahead! What is Next 🏆 What a bullish week for Gold. The market closed approaching the ALL TIME HIGH! Here is your plan for next week. Bullish scenario: if the price breaks and closes above 2074 on a weekly, it will confirm the strength of the bulls one more time. A bullish rally will push the prices to 2200 then. Bearish scenario: The market may drop from ATH as it happened 2 times in the past already. Your bearish confirmation will be a bearish breakout of a support of a rising channel on a daily. It will drop the prices at least to 2010. Current geopolitical and macroeconomic situation strongly support a bullish scenario. BUT I always say that it is safer to wait for a confirmation. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
GOLD (XAUUSD): Technical Outlook & Important Decision Ahead 🥇 Here is my detailed analysis for Gold. As you can see, the market is trading in a strong bullish trend. The price is steadily growing within a rising parallel channel. After the price reached its resistance, it started to consolidate within a narrow horizontal range on a 4H. We are expecting a PMI report and Powell speech later on today. Depending on the news, I see 2 potential scenarios. Bullish scenario. Bullish breakout of the resistance of the range - 4H candle close above may signify the strength of the buyers. A bullish continuation will be anticipated to 2060 then. Bearish scenario. The price may respect the resistance of the range and drop from that, extending the consolidation. Monitor the reaction of the price to that, and wait for a bearish pattern to sell. I would suggest strictly waiting for the news first. I will post the update then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
8
🥇Gold Roadmap🥇⏰(15-minute time frame)⏰🏃‍♂️Gold has been moving in an Ascending channel for several weeks . 🏃‍♂️Gold is currently near 🔴 Heavy Resistance zone($2,075.20.40_$2,035.20)🔴 and 🟡 Price Reversal Zone(PRZ) 🟡. 🌊According to Elliott's wave theory , Gold seems to be completing the main wave 3 . 🔔I expect the main wave 3 in 🟡 Price Reversal Zone(PRZ) 🟡to end and Gold to start falling again to the lower line of the ascending channel. ❗️⚠️Note⚠️❗️ : The structure of microwave 4 from the main wave 3 can have different structures . Gold Analyze ( XAUUSD ), 15-minute 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, anbd Trade safe.
OANDA:XAUUSD
by pejman_zwin
13