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CPI inflation data forward-looking, personal forward-looking guiTomorrow is the release of cpi data. Judging from the volatile and sideways trend, tomorrow's market should be very big. Here I believe that many investors still want to know, I am more inclined to cpi is falling or rising. From the perspective of data expectations, the previous value is 4.9%, and the expected value is 4.1%. The gap in the middle is still relatively large. Maybe everyone thinks that the rate of inflation will not fall so quickly. With a high probability, most people think that the announced value will be greater than expected, but less than the previous value. But I personally prefer less than expected. In this way, the impact on the data is data bullish for gold, but the trend of gold prices will show a performance of rising first and then falling. Because when inflation falls, the first wave of bets on market funds must be bullish on gold as shown by the data. But at the same time, when inflation falls, it means that real interest rates in the United States are rising. Correspondingly, when the first wave of market funds broke out, the market sentiment returned to rationality, which brought about a new stage of selling of gold. Therefore, it is more inclined to pull up strongly in the short term, and it is expected to reach around 1980. Then began a new round of shocks and fell, and entered the trend of 1930-1980 range shocks. The above is my expectation for the high probability trend of the future market. Of course, it is only a personal forward-looking guideline. In the end, market data shall prevail.
TVC:GOLD
by ActuaryJ
Analysis of gold trading on Friday Gold is basically a wide range of shocks in the 4Hboll channel at this stage, including last week's non-farm drop is also within this wide channel, gold is only testing 1970, at present, the monthly line 5 antenna support has not broken, the weekly line 5 antenna pressure has not broken, 1938-1970 this range also fluctuated for a week, I think it is still a short-term rebound, above there is still a chance to short Personal Trading Strategy: gold:sell@1968-1972 tp1958-1955 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
1
Gold short signal U.S. jobless claims rose to their highest level since October 2021 that week, but the labor market may remain one of the healthiest segments of the U.S. economy We can find that the two positions of 1940 and 1970 are exactly the weekly MA5-day moving average and MA20 moving average position, just as gold is maintaining this range adjustment. Well, we can still be short around 1970, even if the current low is 1940, we have a profit of almost $30 And you're long now, above the 1975 resistance, above the 1985 resistance. Not only is there no profit, but there is a risk of loss at any time, so for now I still recommend short around 1970, the first target is around 1950, followed by around 1940. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month. This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer. As a result, non-yielding assets like gold may perform well in this scenario. dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold. Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area. However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
TVC:GOLDLong
by DNA_TradingFX
22
Can gold fall? Optimism over the U.S. debt ceiling deal hit the dollar and U.S. Treasury yields, which fell sharply from two-and-a-half-month highs, providing an opportunity for gold to rebound, and the international situation also provided safe-haven support for gold prices Gold short-term bearish signals have weakened, but the dollar is still relatively strong, the Fed June interest rate hike expectations heating up and the year's interest rate cut expectations cooling, gold may fall at any time, short-term trends still have large changes, gold is currently above 1970 resistance to fall, gold shows shock adjustment On the whole, gold trading above short-term focus on the 1970-1975 line of resistance, the short-term focus on the 1955-1960 line of support, gold is still suppressed by the moving average, in addition, it is also necessary to pay attention to the non-farm payrolls data released on Friday. If you are not satisfied with your trading results, you can join me, I can provide you with professional account management, follow my signals to trade together, and maximize the profit of your account
FX:XAUUSDShort
by UnknownUnicorn55305588
Gold strategy Gold after yesterday's rise, the highest level is 1963.32, without breaking through 1965 there is still a chance for us bears. At present, gold is still at a high level, for the current market, can it continue to go short? In this regard, I think that the short-term can be bearish within the day, mainly depending on the strength of the decline My view of gold in the near future is to see it finish the downward trend at the bottom position and then lay out the rebound market. But before the non-farm payrolls announcement, gold began to enter a correction period My general view of gold at the moment. Last night was the release of relevant US economic data, simply put, house prices rose, indicating that the real estate market is developing well, which is good for the US economy and bearish for gold. As well as the consumer confidence index, the release value is higher than expected, which can also indicate that the US economy has been boosted, and the masses have begun to remain active in the consumer market, which is also positive for the dollar and bearish gold. Looking at the short-term 1 hour, gold began to fall from the high of 1959 this morning, the lowest was to the position of 1954, and after an hour of line change, it began to rebound again. The current narrow range of oscillations is 1950-1960, with the initial resistance above the 1965 area, followed by the upward look above 1970. This sudden rise will inevitably push up the support in the short term of gold. 1950 became the first support, 1940 became a strong support, if this level can be broken, then we will continue the previous short strategy. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
🪙 Gold (US$ / OZ) | Wednesday 31/5/2023 🪙Gold (US$ / OZ) | Wednesday 31/5/2023 | Ethan Smythe Fundemetal Gold prices rose higher at market open on Tuesday in response to a fall in US Treasury Yields following Washington's push to raise the US debt ceiling. This development sparked optimism with respect to recent fears of a US debt default on Tuesday. Congress now has up until June the 5th to consolidate this policy which still presents a degree of uncertainty as to whether this outcome will be met. Joe Biden went on to express his confidence and reassurance to markets that the debt will bill gets passed by the Senate. So what's the verdict? We anticipate that should the bill get passed we could see US yields continue to fall putting further upward pressure on gold throughout the remainder of the year. Technical From a technical standpoint, gold is currently trading at the bottom of its monthly upward channel and appears to be showing significant signs of strength. This strength appears to be the result of previously mentioned fundamental drivers. As of now, gold is testing the 200 MA, if we can get a clear break of the 200 MA and find support above this key level we should expect to see price raid the $2000 level. Provided this outcome does in fact occurs we further anticipate significant resistance at the $2000 level as buyers begin to realize gains. This would be an optimal level to set a profit target on any longs taken on the break of the 200MA. After price has begun to settle and the bulk of profit-taking has occurred we expect buyers to accumulate and break the $2000 level. If the price finds support above $2000 and breaks its previous ATH we expect gold to try and reach the top of its channel at around $2100.
TVC:GOLDLong
by Doxbin
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week. This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C opper prices have hit a six-month low due to weakening demand and global manufacturing activity. The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year. SELL GOLD zone 1985 - 1983 Stoploss: 1992 Take Profit 1: 1980 Take Profit 2: 1975 Take Profit 3: 1965 Note : TP, SL full to be safe and win the market !
TVC:GOLDShort
by DNA_TradingFX
11
Gold transaction analysis The plunge in US stocks yesterday caused a clear signal of gold's rise. Coupled with the current uncertainty surrounding the US debt ceiling discussion, US Treasury yields have risen, and the price of gold has once again returned to above 1970. In the trading strategy given yesterday, I repeatedly emphasized that I should pay attention to the trading position. Near 1955, I once again notified my friends to start trading and buying. The results proved that my analysis was completely correct, and the friends who kept up with the trading signals also made a very large profit. At present, gold is around 1975. I don't think this is a good trading position. We need to wait patiently. When the top of gold breaks through the 1980-1985 position, I will consider shorting again. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
Gold targeting $1192 today China cut the RRRXAUUSD Technical Overview: Pivot: 1202.10 Day Trading Range: 1186 - 1204 Key Resistance: 1200.20 - 1202.10 - 1205.45 - 1207.89 Key Support: 1196.28 - 1194.23 - 1191.56 - 1189.88 Technical Indicator: RSI: RSI broke rising trend line and moving downward. Moving Average: SMA 200(1195.55) strong support & SMA 100 (1200.45) strong resistance for Gold today. Technical Trade View: Most Likely Scenario: short positions below 1202.20 with targets at 1194.23 & 1189.88 in extension. Alternative scenario: above 1202.20 look for further upside with 1206.89 & 1208.55 as targets. Overall, Gold futures are under pressure early Monday in reaction to a stronger U.S. Dollar. The dollar is being underpinned by a move by the People’s Bank of China designed to prop up its economy. U.S. banks and the Treasury are closed so the focus will be on geopolitical events today rather than government reports and Treasury yields.Over the week-end, the European Commission told Italy it is concerned at its budget deficit plans for the next three years since they breach what the EU asked the country to do in July, but Rome insisted on Saturday it would “not retreat” from its spending plans. This news is weighing on the Euro which is helping underpin the dollar, leading to renewed pressure on gold prices. However, the major news helping the dollar and pushing gold lower is from China. On Sunday, the People’s Bank of China announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States. The People's Bank of China (PBOC) said on Sunday that would cut the amount of cash that banks must hold as the reserve to lower financing costs and spur growth in the world's second-biggest economy. The 100 basis point cut in the reserve requirement ratio (RRR) will come into effect from Oct. 15 and will inject a net USD 109.2 billion in cash into the banking system. Interest rate cuts usually put a bid under gold, however, the PBOC's decision to cut rates for the fourth time in 2018 isn't boding well for the safe-haven yellow metal. Thanks YoCryptoManic
FX_IDC:XAUUSDShort
by yoCryptoManic
Gold depends on $ & supporting by Silver week aheadXAUUSD Technical Overview: Week Pivot: 1191.82 Week Key Resistance: 1200.74 - 1206.16 -1215.16 Week Key Support: 1182.90 - 1177.4 - 1168.48 Technical Indicator: Moving Average: SMA 200 (1196.65) & SMA 55 (1198.28) strong resistance for gold. RSI: The indicator shows downward momentum & having strong resistance at 53.41 level (See in chart) Technical Trade Idea for week: Most Likely Scenario: Long above 1191.40 with target 1200 - 1205 in extension. Alternative Scenario: Short below 1191.40 with target 1182 - 1176 in extension. Fundamental: Gold hit a fresh six-week low late in the week, but a strong performance in silver, coupled with profit-taking in the U.S. Dollar ahead of the week-end, helped the market recover nearly half of the week’s loss. Although the direction of gold prices will be primarily influenced by the U.S. Dollar. Traders should also pay attention to the price action in the silver market. Silver is being supported because it is relatively cheap. Additionally, it could be attracting buyers due to inflationary expectations and industrial demand during the current economic expansion. This makes it a more attractive asset relative to gold. This may be just enough to bring in the buyers. Now that the news is out there, look for heightened volatility. Economic news that could influence the U.S. Dollar and gold prices next week are U.S. ISM Manufacturing PMI, ISM Non-Manufacturing PMI, and the Balance of Trade. Additionally, investors will get the opportunity to react to the September Non-Farm Payrolls report. The headline number is expected to show the economy added 185K jobs last month. Average Hourly Earnings are expected to have risen 0.3% and the Unemployment Rate is expected to dip to 3.8%. The dollar will continue to be influenced by Treasury yields and worries over Italy. We’re going to approach the market early in the week as if a stronger dollar will make gold weak. However, we’ll quickly shift to an upside bias if another rally in silver takes control of the gold market and drags prices higher. Thanks YoCryptoManic
FX_IDC:XAUUSDShort
by yoCryptoManic
Gold continue to pay attention to several things at onceXAUUSD Technical Overview: Pivot: $1205.20 Day Trading Range: $1200.00 - $1218.50 Key Resistance: $1210.66 - $1214.59 - $1217.33 - $1221.20 Key Support: $1205.20 - $1203.25 - $1200.00 - $1196.28 Technical Indicators: RSI: Indicator lacks downside momentum, moving around 64 level. Moving Average: SMA 20($1203.63) & SMA 55($1200.71) strong support for Gold. Technical Trade Idea: Most Likely Scenario: long positions above 1205.20 with targets at 1212.45 & 1215.38 in extension. Alternative scenario: below 1205.20 look for further downside with 1203.25 & 1199.89 as targets Overall, Gold continue to pay attention to several things at once, as there are fears about the trade war, questions about whether the Federal Reserve will be able to raise interest rates in that environment, and then of course a lot of fear in the emerging markets. This has made the precious metals sector very difficult to trade at times, if you are looking at short-term charts. However, all one has to do is zoom out to the longer-term charts and recognize that we are in a major downtrend. This isn’t to say the gold can’t rally, most certainly can and it has. However there are levels where we see a lot of resistance previously. This is seen just above at the $1215 level, which should be a bit of a challenge to get above. That’s not to say that we can’t break above there, but we need some help from the US dollar. Thanks YoCryptoManic
OANDA:XAUUSDLong
by yoCryptoManic
Yellow Metal Looking Go Forward But $$ trying to StopXAUSD Technical Overview: Day Trading Range: $1196 - $1216 Pivot: $1201.20 Key Resistance: $1205.25 - $1208.36 - $1212 - $1215.45 Key Support: $1201.20 - $1198.33 - $1194.20 - $1192.10 Technical Indicators: RSI: Indicator shows upside momentum, moving above 50 level. MACD: MacD having bullish trend line. Moving Average: SMA 100 ($1199.89) & SMA 200 ($1199.10) strong support for Gold. Technical Trade Idea: Most Likely Scenario: long positions above $1201.10 with targets at $1208.45 & $1212 in extension. Alternative scenario: below $1201.10 look for further downside with $1198.25 & $1194.50 as targets. Fundamental: Gold move depends on Dollar today 1) The US housing starts rose strong 9.2% m/m in August while building permits decreased -5.7% m/m in the same month. 2) The US initial jobless claims are expected to increase to 210K in the week ending September 14. 3) Philadelphia Fed index is expected to increase to 17.0 in September from 11.9 in August. Thanks YoCryptoManic
OANDA:XAUUSDLong
by yoCryptoManic
European Session Gold keen observing "sensitive US dollar"XAUUSD Technical Overview: Pivot: $1197.10 Day Trading Range: $1194 - $1214 Key Resistance: $1204.45 - $1207.29 - $1212.66 - $1218.89 Key Support: $1197.10 - $1194.22 - $1191.45 - $1189.56 Technical Indicator: RSI: RSI lacks downside momentum, trading above 50 level. Moving Average: SMA200($1198.94) & SMA100($1200.48) strong support for xauusd today. Technical Trade Idea: Most Likely Scenario: long positions above 1197.10 with targets at 1205.50 & 1207.56 in extension. Alternative scenario: below 1197.10 look for further downside with 1194.50 & 1189.45 as targets. Overall, Gold remains in a sideways consolidation between 1214 and 1182 but is making the case for a break higher according to the bullish symmetrical triangle. For bulls to get back control, whereby the market is heavily short of gold and to reconsider its positioning, (net speculative short positions, or bets an asset’s price will fall, in gold, are up 275% year to date), then they need to get and hold above the 50-D SMA at 1211 first, then 1214 which is resistance and then the 200-W SMA at 1233 will need to be challenged. A retry of the downside now should target 1146/20 monthly levels. Fundamentally, the intensifying U.S.-China trade dispute is the driver ahead of next week's FOMC meeting. However, we have only seen modest moves in the greenback so far and markets, in fact, took the trade headlines in their stride. Even with President Donald Trump announcing $200 billion tariffs against China on Monday that provoked an expected and swift retaliation from the nation, fear has yet to really show up in the market and the US benchmarks were higher with the DJIA making another all-time record high. Thanks YoCryptoManic
FX_IDC:XAUUSDShort
by yoCryptoManic
European Session "Golden Eye" on WarXAUUSD Technical Overview: Day Trading Range: $1188.85 - $1207.27 Pivot: $1202 Key Resistance: $1202 - $1205.35 - $1207.89 - $1212.33 Key Support: $1196.28 - $1194.69 - $1191.89 - $1189.21 Technical Indicators: RSI: Indicator is confusing where to go, moving around 50 level, trend downward (See chart RSI). MACD: MacD is having negative volume for xauusd. Moving Avg: SMA55 ($1198.74) strong support & SMA200 ($1199.78) which is CMP (time of writing). Technical Idea: Most Likely Scenario: short positions below 1202.00 with targets at 1196.28 & 1192.20 in extension. Alternative scenario: above 1202.00 look for further upside with 1205.85 & 1208.65 as targets. Overall Review: Trade war fears continue to be a major issue as well, which almost certainly looks likely to pick up a bit. We think that the Gold markets will continue to be very range bound, with the $1195 level underneath the be supportive, and the $1215 level above should be resistive. Overall, this is a market that we think should continue to see volatility, but we also recognize that we are more than likely going to move with the US dollar, as we have seen for some time now. we think at this point though, it’s probably easier to short this market at higher levels than anything else, because the move has been extended so rapidly during the day on Monday. Thanks YoCryptoManic
OANDA:XAUUSDShort
by yoCryptoManic
European Seeion Yellow Metal Upside Bias XAUUSD Technical Overview: Pivot: $1200.20 Day Trading Range: $1196 - $1214 Key Resistance: $1208.45 - $1212.89 - $1215.55 Key Support: $1204 - $1200.20 - $1196.28 Technical Indicator: MACD: MacD is loosing bullish bias. Moving Avg: SMA100 ($1201.03) & SMA200 ($1199.63) strong support for the day. Technical Most Likely Scenario: long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension. Technical Alternative scenario: below 1200.00 look for further downside with 1196.00 & 1192.50 as targets. Fundamental: Gold markets have rallied significantly during the trading session on Thursday but hit a brick wall of resistance above the $1215 level, and I think that there are a couple of moving pieces right now that are throwing the markets around. The US economy printed a lower than anticipated CPI number, and that sent the greenback lower, and by extension sent the Gold markets higher. However, at the same time there is comments coming out of the European Union that further stimulus may be needed by the central bank, which is positive for the US dollar as the EUR/USD pair essentially drives the majority of US dollar flows. Thanks YoCryptoManic
FX_IDC:XAUUSDLong
by yoCryptoManic
2