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Gold continues to fall deeply, long-term sell entry, target 1955World gold prices decreased this morning with spot gold down 13.5 USD to 1,977.5 USD/ounce. Gold futures last traded at 1,988.6 USD/ounce, down 10.6 USD compared to yesterday morning's gold. During the first trading session of the week, safe-haven metals came under pressure as risk appetite among investors and traders increased. According to experts, weak safe-haven demand combined with interest rate expectations are factors holding back gold. Since the Israel-Hamas conflict broke out, safe-haven buying has helped gold gain 7%. However, according to Kitco Metals senior analyst Jim Wyckoff, risk appetite is improving and there are no major unexpected developments from the Israel-Hammas conflict that is gaining its safe-haven appeal for investors. of gold. Unusually high central bank buying may help explain why gold prices have remained resilient despite downward pressure from the strength of the dollar and rising bond yields so far this year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold is decreasing, should I buy or sell gold now?Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher this week. 64% of retail investors participating in online polls have the same opinion. Forecasting this week's gold price trend, Kitco News' weekly gold survey shows that analysts and retail investors are optimistic about gold for the week ending November 10. Experts expect the price to break out this week even though there is not much supporting information. Adam Button, currency strategist at Forexlive.com, said that Friday's weak nonfarm payrolls report is a sign that the US Federal Reserve's interest rate hike cycle is over. momentum and the fact that gold remains near $2,000 an ounce even as the safe-haven push is weakening.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Gold selling strategyGold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that gold prices are being hindered by the price level of 2,000 USD/ounce. If gold prices are consolidated in the near future, the precious metal price may soar to a new all-time high. Commodity analysts say that geopolitical factors are having a major impact on gold and that as concerns subside, the precious metal's safe-haven appeal will be reduced. According to Tastylive.com expert Christopher Vecchio, safe haven purchasing power thanks to the geopolitical crisis is being depleted. While geopolitical conflict can provide trading impetus for gold, it does not have a long-term effect.
TVC:GOLDLong
by FalCol_TradingMaster
Gold trading strategy at the beginning of the week November 6Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US Government bond yield at 6:40 a.m. this morning increased sharply by 0.79% to 4.593%/year. The Dollar-Index measuring the strength of the USD in a basket of 6 major currencies also increased 0.06% to 105,080 points at the same time. Along with the positive economic reports published in the US and Europe two weeks ago, it is forecast that retail sales in the US will increase sharply in the last two months of the year when a series of events such as Black Friday and Christmas are held. , welcoming the new year takes place. To welcome the above events, businesses will organize discounts and promotions to attract customers to shop. This will positively impact production and business activities, promoting economic growth. Experts say that the US economy will continue to recover strongly in the last months of the year, thereby putting pressure on gold prices. Meanwhile, the factor supporting gold is that geopolitical tensions in the Middle East are weakening as countries and United Nations organizations are finding ways to get relevant parties to implement a ceasefire in the Gaza Strip.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd:Will gold choose the direction today? Before the release of employment data, a report showed that U.S. labor productivity had its largest increase in three years, helping to alleviate the inflationary impact of recent wage growth.The number of people applying for unemployment benefits rose for the sixth consecutive week, indicating that it is beginning to be more difficult for the unemployed to find new jobs.Economists predict that after the number of non-farm payrolls increased by 336,000 in September, the number of non-farm payrolls will increase by 180,000 in October.Friday's employment data is crucial. In terms of gold, as can be seen from the chart, it has been within the range of 1968-1992. Gold has maintained an upward trend for the time being. After four days of market conditions this week, gold fluctuated in the range on Monday, gold fell sharply on Tuesday, gold continued to fall on Wednesday, and gold fluctuated in the range on Thursday. Overall, compared with last week, the bulls are not so strong. From a technical point of view, the three-day decline in the high of the daily cycle has become the standard top pattern, and the 5- and 10-day moving average has formed a cross-decline. Now the market lacks a stimulus. If today's data is not good for gold, the following target first looks at 1952, and then 1920, of which 1962-1968 is currently the key point for long and short competition. We need to pay attention to the upper resistance point range: 2002-2010 1987-1992 Pay attention to the range of support points below: 1970-1975 1962-1968 Before the US market, you can still sell high and buy low in accordance with the above range, strictly control your position, and set a stop loss to improve your profitability. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
GOLD DAILY CHART | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
OANDA:XAUUSDLong
by TheGrove
9
XAUUSD - Trading strategy before Nonfarm newsWorld gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning. World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for unemployment benefits for the first time increased more than expected. Specifically, the number of weekly applications for unemployment benefits increased to 217,000 in the week ending October 28, an increase of 5,000 applications compared to the previous week's adjusted level of 210,000. Economists forecast unemployment claims will stay around 210,000. According to experts, gold does not react much to weak employment data because the market is still paying attention to the recent policy decisions and stance of the US Federal Reserve (Fed). Carlo Alberto De Casa, market analyst at Kinesis Money, said that bullion prices need to more or less consolidate a bit before continuing to rise as the long-term view remains positive. As analysts expected, the Fed kept interest rates steady on Wednesday, as policymakers work to determine whether financial conditions are tight enough to keep inflation in check. . According to CME Group's FedWatch Tool, traders are currently assessing an 80% chance that the Fed will pause interest rate hikes in December.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The fall has not stopped as the Fed prioritizes reducing inflatiOn January 11, the US policy-making basis, the Fed, was completed in early November. This agency decided to maintain the USD operating interest rate at a 22-year high of 5.25%. ,5 years. This basis was put in place to determine the likelihood of a report on the US chief economist. Specifically, the Fed said economic activity increased sharply in the third quarter of 2023, with a likely increase of 4.9%, expanding with certainty. The job market is stable and positive when the number of new jobs created in the non-agricultural sector in September reached 336,000 jobs, double the forecast level of 170,000 jobs. Every American has 1.5 job openings. This is consistent with the US economy accepting high interest rates but still growing well. The Fed's announcement this time, in addition to keeping interest rates high for a long time, also contained a message of financial tightening. Specifically, the Fed said "finance and credit are in a tight state". This can be understood that the Fed and the US's basic strategies not only use monetary policy but still have the main fundamental economic tool at the present time to ensure safety.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd :Gold waits again to choose the direction As widely expected in the market, the Fed kept interest rates in the range of 5.25% to 5.5%.The Fed also said that U.S. economic activity grew strongly in the third quarter.In previous speeches, the Fed pointed out that the economy is growing at a steady rate.However, Fed Chairman Powell did not rule out the possibility of raising interest rates next month at a press conference after the decision. This is another uncertain message provided by the market in the future.At the same time, due to the small possibility of a ceasefire in the Palestinian-Israeli conflict, and concerns about Iran's intervention in the Middle East conflict are still high, gold rebounded after falling yesterday. Pay attention to today: the number of people receiving unemployment benefits in the United States, and the monthly rate of factory orders in the United States in September. Gold did not fall below the important support point of 1968 yesterday, and it is still on the upward trend for the time being. Today, I think gold is still in a volatile market, waiting for Friday's unemployment rate and non-farm payrolls data before choosing the direction again. We need to pay attention to the upper resistance point range: 2002-2010 1987-1992 Pay attention to the range of support points below: 1970-1975 1962-1968 So today you can sell in the resistance range above, or buy in the support range, and set your position based on your funds.This way your success rate can be greatly increased If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSD
by UnknownUnicorn64583787
GOLD - Gold trading strategyMany experts predict that the US economy may fall into recession this year due to the rapid pace of interest rate increases. However, the world's largest economy is surprisingly strong. In its statement, the Fed emphasized that the US economy was still growing strongly in the third quarter, the unemployment rate was low and the banking system was resilient. This has strengthened the possibility that the US will achieve a "soft landing" as the Fed is curbing inflation without harming the economy. Although the Fed left interest rates unchanged after its monetary policy meeting, Fed Chairman Jerome Powell said it was unclear whether the committee was done raising rates. The world's most powerful central bank president also added that the committee remains focused on bringing inflation down to its 2% target. Some experts assess that although the Fed maintains its tightening trend, that stance is not "hawkish" enough to worry the gold market as prices keep high levels below 2,000 USD/ounce. Although the Fed is still pursuing a "hawkish" policy, it is not enough to spook the market, said Edward Moya, senior market analyst at OANDA. This expert further noted that concerns related to the Israel-Hamas conflict may have more impact on gold than the Fed's monetary policies.
TVC:GOLDLong
by FalCol_TradingMaster
After a sharp decline, does Gold have a chance to recover?World gold ended October with the largest monthly increase since November 2022 thanks to safe-haven buying due to concerns surrounding the Israel-Hamas conflict. In the last trading session of the month, the gold market was quiet as investors showed caution ahead of the US Federal Reserve's (Fed) policy meeting taking place on Wednesday (US time). Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said the Fed would leave open the possibility of raising interest rates again in December. Looking back at gold's movements over the past month, spot gold hit its lowest level in 7 months at 1,809.50 USD/ounce on October 6, 1 day before the Israel-Hamas conflict broke out. However, safe-haven buying amid continuing tensions in the Middle East helped the precious metal rise 8% on the month. However, some say gold could lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level as the market once again returns to the Fed's monetary policy supporting USD strength. and bond yields.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Waiting for information from the Fed, gold declinedPrecious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields. Precious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields.
TVC:GOLDLong
by FalCol_TradingMaster
GOLD 4H :Interest Rate hike !!GOLD New forecast Interest rate hike scenarios Everyone has two options: to confirm or raise 25 basis points, but the decisive point is Powell’s speech 🔴Installation and all banks in the world expect installation It is positive for gold, indices, and currencies if interest is proven, and Powell confirmed the tightening in the future 🔴The raise is 25 basis points, but expectations do not exceed 5%, which is positive for the dollar and negative for gold, oil, indices, and currencies. Technical abstract : The price of gold ended yesterday's trading with strong negativity, as it confirmed breaking the support of the ascending channel to begin a downward correction, on its way to testing the 1964 level as a first negative station, keeping in mind that breaking this level will push the price to conduct an additional downward correction, with its next target reaching 1947. Therefore, a bearish bias will be expected for today, and breaking 1976 will facilitate the price’s task of achieving the proposed targets, while breaking 2000 will stop the current negative pressure and lead the price to try to restore the main upward trend again. The expect range trading for today it will be between resistance line 2000 and support line 1964 until stabilized . Additionally ,Today News will affect the market . support line : 1964 , 1947 resistance line :1984 , 2000 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDShort
by Arazmajeed
2
Gold trading strategy, opportunity to buyWorld gold prices are supported by the need for safe haven capital in the context of Israel expanding its military operations on the ground to attack the Hamas group. This could make conflict more widespread in the Middle East region The focus this week is on investors eyeing the Fed's two-day monetary policy meeting and the US monthly jobs report on Friday. They are also watching policy decisions from the Bank of England and the Bank of Japan this week. The Bank of Japan overnight left monetary policy unchanged but said it would “patiently continue to ease monetary easing” until the BOJ achieves inflation stabilizing at 2%. Fed Chairman Jerome Powell and his colleagues are expected to keep the door open to further policy tightening as strong consumer spending and tightening labor market conditions could cause consumer inflation to return. so difficult to control. Cleveland Fed President Loretta Mester said before November's monetary policy that higher bond yields were equivalent to a 25 basis point (bps) rate hike. The Fed could use higher Treasury rates as a substitute for further policy tightening. "If the Fed takes a "tough" stance on monetary policy, then we will see a somewhat negative reaction from gold. Although gold is considered a hedge against inflation, higher interest rates will reduce its appeal. instructions for this item,” Wyckoff said.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD- On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to 4.4% at the end of October. The surveyed confidence index of consumers and businesses in Europe in the industrial, service, consumer, retail and construction sectors continued to be maintained at 93.3% last month and newspaper backup. This survey assesses the spending potential of consumers and businesses in the European region. In Korea, industrial products increased sharply from minus 0.7% in August to 3% in September. Retail sales of Kimchi establishments also increased from minus 0.3% in August to 0, 2% in September. In Australia, retail revenue also increased from 0.3% in August to 0.9% in September. A sharp decline in the CPI will help central banks temporarily stop raising operating interest rates in the last months of this year. Along with that, when retail sales and consumer confidence are strengthened, it can be said that the economy has recovered well. Falling inflation also reduces pressure on the economy as fuel prices remain on the rise due to geopolitical tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Precious metals decreased but remained at high levelsGold remains an attractive market as bonds offer little protection while stocks continue to be sold. Fresh bullish bids in the gold market come as markets expect the US Federal Reserve (FED) to maintain restrained interest rates in 2024, analysts warn that demand lurks Value markets continue to be assured and will obscure possible risks from US monetary policy. In the same vein, commodity analysts at Société Générale also made note of the new focus on this rare metal in the context of a demonstrated market of $8.1 billion sliding into the gold market. On the other hand, some analysts believe that institutional investment demand for gold-backed exchange-traded products remains elusive, while hidden demand continues to be supported by offsetting status. for gold limit. Therefore, this has been noted as a trend that needs to change if the school wants to keep its recent gains.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - World gold prices decreased slightly in the first tradingThe world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy stance. According to the CME FedWatch Tool, the market seems certain that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this meeting. At the same time, the Fed is expected to maintain restrictive monetary policies for the foreseeable future. Some analysts warn investors to be cautious with gold prices in the region of 2,000 USD/ounce because the market may adjust downwards based on the Fed's monetary policy stance, which could keep interest rates high in the future. this time. longer period. Ole Hansen, commodity strategist at Saxo Bank, said the Fed's tough stance on interest rates could keep investors away from gold-backed exchange-traded products, which could cause gold prices to fall. next time. In addition, gold prices may decrease due to profit taking by investors.
TVC:GOLD
by FalCol_TradingMaster
XAUUSD - Starting the new week, gold increases or decreases?The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow metal was once again trading at $2,000 an ounce as advisors sought alternative buying in the event of a deterioration. This position also suggests that the Fed's hawkish stance means Treasury yields peak, which will benefit the yellow metal. He thinks the “variable” will be uncertainty about what will happen in the Middle East. “The Fed is a restraining factor, while conflict in the Middle East is a driver for gold. And that makes me neutral on gold prices," he said. The Fed's interest rate decision on Wednesday will be the economic scenario expected this week with 94.2% predicting the central bank will keep interest rates on hold. This week the market also receives the October non-farm payrolls report on Friday.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - USD price increases, gold is still hotGold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US Department of Commerce said orders for long-lasting goods increased by 4.7% (equivalent to 13.2 billion USD) in September. This number increased higher than forecasts of economic experts. Better-than-expected US economic data caused the USD to increase in price, supporting Treasury bond interest rates. This makes the attractiveness of non-yielding assets such as gold significantly decrease. The recent recovery was mainly driven by capital flows seeking safe havens due to concerns that the conflict between Israel and the Islamist force Hamas would spread. Gold prices cannot return to the 2,000 USD/ounce mark in the short term.
TVC:GOLDLong
by FalCol_TradingMaster