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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
OANDA:XAUUSDLong
by NicoTradingMaster
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.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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
TVC:GOLDLong
by UnknownUnicorn64321080
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".
OANDA:XAUUSDLong
by FalCol_TradingMaster
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%.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold trading strategy today, continues to increase againWorld gold prices decreased slightly with spot gold down 5.3 USD to 2,058.7 USD/ounce. Gold futures last traded at 2,067.6 USD/ounce, down 4.2 USD compared to yesterday morning. The world gold market enters 2024 with a relatively difficult year under pressure from the strong recovery of the USD. However, the decline in this precious metal was limited thanks to expectations that the US Federal Reserve (Fed) would soon loosen monetary policy and concerns that the situation would escalate in the Red Sea. The US Dollar Index rose 0.8% and was on track for its best daily gain since July, making bullion priced in the currency more expensive for overseas buyers. In 2023, gold prices rose 13%, marking the first annual increase since 2020, and are forecast to reach a record high in 2024, as lower interest rates reduce the opportunity cost of Hold gold bars without interest. Experts say that the market started the new year with the belief that the Fed will cut interest rates sooner, which is why gold is supported. According to the CME FedWatch tool, markets are currently pricing in an 86% chance that the Fed will cut interest rates in March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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