Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term.
Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active.
As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
Goldsignal
Gold Is Ready to Fall Again!!!🏃♂️Gold is moving in the 🔴 Resistance zone($2,035_$2,027) 🔴 and reacted well to the Resistance line .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to fall to at least the 🟢 Support zone($2,010_$2,002) 🟢 after the Uptrend line break.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital.
On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday.
Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning.
Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates.
Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy.
Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week.
He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year.
Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March.
Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
World gold price continues to decline sharply, long-term sellingWorld gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning.
Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain stuck in a range with support at $2,000 an ounce and resistance around $2,050. ounce.
Last week, both consumer and producer prices rose more than expected, putting pressure on gold. The published report shows that the threat of inflation is still persistent.
Although gold is stuck, some analysts still emphasize the importance of this precious metal. According to market analyst James Hyerczyk of Fxempire.com, precious metals are still an important safe haven asset when developments in the Middle East are increasing geopolitical instability.
He attributed gold's recent recovery to a weakening dollar and fears of rising tensions in the Middle East, which have helped boost gold's status as a haven asset. Safety is preferred.
Some other opinions believe that the possibility that the US Federal Reserve will loosen policy this year is also a supporting factor for gold and this precious metal to break out when the first round of policy easing takes place. .
🥇Gold🥇 is Ready to Go UP🚀🏃♂️Gold is moving in the 🔴 Resistance zone($2,010_$2,001) 🔴.
✅It also seems to have broken the Resistance lines .
🔔I expect Gold to at least touch the upper Resistance lines after breaking the 🔴 Resistance zone($2,010_$2,001) 🔴.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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GOLD ⇒ two same patterns!hello guys...
as you can see, two head and shoulders patterns happened, the first one experienced a weak breakdown so we cannot count on it!
the second one is a slope pattern so we should wait until the price breaks down strongly! then we can get a short position with these targets:
target1: 1996.4$
target2: 1981.7$
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XAUUSD 4HR Analysis Update by OfficialKieranTrewickXAUUSD 4HR Analysis Update by OfficialKieranTrewick
A short term bullish rally meeting the key identified pivot zone for 50% QA and 200 EMA that was short lived without following action to the upside instead met with a decisive US CPI + Interest Rate release yesterday which saw the precious metal gold plummit through various support defence lines and imbalances most inds to then create a lower low of the descending channel which validates the inner trend but does not invalidate the overall bullish market structure.
Thus going forwards I will now be looking for key confirmations showing signs of price reversals not just back to the 25% imbalanced QA but to perhaps back into the depths of the channel and push to complete another QA 75% which would still validate any potential inner channel with a lower high and rejection off the top side and once again 200 EMA until we get a golden crossover with the 50, balanced out inds, fractal HTs, bullish convergence and various other signs for price increase.
🥇Gold🥇is Ready to Fall✅Gold finally managed to break the Support lines .
🔔I expect Gold to trend lower this week and be in the 🟢 Support zone($2,010_$2,004) 🟢.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD SELLHello, according to my analysis of the gold market. There is a good opportunity to sell with the break of the ascending channel as shown by the analysis. We also notice the formation of a falling peak towards the bottom, which indicates further decline in the coming days. I recommend selling from the 2070 area, where the red triangle is located. Good luck everyone.
🥇Gold🥇Will Go Down by Evening Star Candlestick Pattern📈 Gold failed to break the 🔴 Resistance zone($2,052_$2,043) 🔴and finally lost its Uptrend line.
💫 Gold has completed its pullback to the Uptrend line with an Evening Star Candlestick Pattern .
🔔I expect Gold to continue falling after breaking the Support lines , at least to the 🟢 Support zone($2,010_$2,004) 🟢.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD (XAUUSD): Bullish Outlook Explained 🥇
Gold nicely respected a key horizontal support on Friday.
The price formed a tiny double bottom formation and violated its neckline
during the NY session.
We can anticipate growth on Monday.
Goals: 2050 / 2055
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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.
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.
Join me as I share my thoughts every day for your reference
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.