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Gold and geopolitical risksGold and geopolitical risks New forecast Gold metal recorded its best weekly profits in 7 months, at a rate of about 5.31%, amid the escalation of geopolitical tensions in the Middle East region and the decline in US Treasury bond yields. The strong weekly gains for gold came as a result of the escalation in Gaza and the increasing conflict between the Palestinian resistance and Israel since Hamas forces launched an attack on Israel on October 7. This raised international warnings about the dangers that the war might cause at the economic, security and political levels, not only for the countries of the Middle East region, but also for the global economy as a whole. Why is the world economy affected? The entire region, from which the world gets a third of its oil by sea, is at risk of plunging into chaos. Not least because geopolitics tilts the scales regarding the amount of suffering that will befall the peoples of the Middle East. The war between Israel and the Islamic Resistance Movement (Hamas) has increased the geopolitical risks on financial markets, with investors anticipating what will happen if the conflict attracts other countries, which may deal a new blow to the global economy. Gold and silver will continue to rise, but if the war subsides, Gold and Silver prices will decline. In this week we have important news and will affect on the market directly . Core retail sales Core retail sales & retail sales Federal Reserve Chairman Powell speaks Federal Reserve Chairman Powell speaks 🟢Existing Home Sales 🟢Unemployment complaints rates 🟢Philadelphia Manufacturing Index 🟢Building Permits (September) Technical Abstract : on the daily time frame The price perfectly fulfills my last idea and price reached to our targets . As wee see in the chart the price formed positive impulse In light of the escalation in Gaza and the increasing conflict between the Palestinian resistance and the Israel and price attacked 1932 level also price get out from the bearish channel so we expect the price will start a correction to the support of the channel and then will rise up again to stabilized above 1932 level , so the main condition to be continue at the bullish trend is stabilized above 1932 and then it will support the price to reach 1984 and 2051. other wise if price back off to inside the bearish channel then may we will see the price will start a bearish correction to 1885 level before any upward . on the 4H time frame The price of gold faced positive pressure in last week trading to attack the 1932 level. Continuing above the 1932 level provides continuous support for the price to rise up , which supports the chances of resuming the upward wave targeting the 1947 level. A break and stability above it increases the hypothesis of a rise and heads towards 1980 as the next main station. Therefore, the upward trend scenario will remain effective for the coming period, keeping in mind that failure to consolidate above 1932 will put pressure on the price to turn lower and start to formed a bearish correction to target is at 1903 and then rise up. The expect range trading for today it will be between resistance line 1947 and support line 1903 until stabilized Additionally ,Today News will affect the market support line : 1903 , 1894 resistance line : 1932 , 1947 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDLong
by Arazmajeed
4
Gold Price Analysis: Bullish Momentum After H4 Support BreakRecently, I spotted a gold support break on the H4 chart , driving the price up to 1932.00 . Currently, the price has retraced to 1912 , hovering near a critical support level at 1896. This support level will be a key indicator for potential future price movements. Stay vigilant and consider various factors before making your trading decisions. Traders and investors will closely monitor the 1896 support level to gauge the market's resilience and potential for further upward movement. Should this support hold, it could serve as a solid foundation for another bullish move in the gold market. As always, it's important to consider multiple factors in your trading decisions, including technical analysis, economic indicators, and geopolitical events. Keep a close eye on the H4 chart and be prepared to act on any signals or confirmations that align with your trading strategy.
OANDA:XAUUSD
by TradeGeniusPro
Gold will continue to go up as long as the war continuesGold Analysis October 16: War risk sentiment supports Gold price - Fundamental analysis: Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported to increase Israel's announcement that it will completely destroy Hamas shows that this war may be long. This was a disastrous war, not only attacking military bases but also attacking civilians There is no important economic news announced today. The market will continue to monitor the developments in the Israel-Hamas war. - Technical analysis: Gold has increased by $100 in the last week since last Monday's GAP creation. Gold's upward momentum still shows no signs of weakening, the target could be 1950 Buy Gold 1910 - 1908 SL - 1900 TP - 1923 Good luck!
TVC:GOLDLong
by TheLeader_WOLF
Xauusd SellIt could be retracment of a bullish move which was given to us in last week we have a confluence of Daily Resistance level and H4 bearish orderblock and as we remember we have achieved 68% fibbo retracment also the bigger confluance we are in down trend 📉 on daily time frame but for being safe the we in this little short trade is, in last week price has broke daily price channel to the downside and has not given any retracment this break above could be a fake out or price is getting retracted so we will wait and take a small ride of 120 pips on price rollar coaster
OANDA:XAUUSDShort
by Wakeel_Saab
XAU/USD Long Opportunity: Pushing Off From Lower Corridor BorderGreetings traders! We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum. Entry Zone: Our optimal buy-in range is situated between 1846 and 1854. This zone is derived from recent price behavior and supports that have demonstrated resilience. Take Profit Targets: TP1: 1870 The initial take profit target is set at 1870. This aligns with some minor resistances and potential profit-taking zones. TP2: 1884 Our second target is 1884, corresponding with more robust resistances and historical price action. TP3: 1894 The final ambitious target is at 1894, which could be reached if bullish momentum sustains and manages to break past earlier resistances. Stop Loss: 1827 To manage risk effectively, we're placing our stop loss at 1827. This level is strategically positioned below recent lows and provides a buffer against adverse price swings. In conclusion, the current setup on XAU/USD presents a compelling long opportunity, but as always, exercise caution and employ proper risk management. Good trading, everyone!
FOREXCOM:XAUUSDLong
by Frenzy_Trader
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexPlanet20
GC1! Gold Futures Short setup I present to you a possible scenario going into the weeks ahead . Gold finished Friday 13 Oct very strong with a move that no doubt destroyed many whom were taken by surprise with the aggressive move out of 1880 back up to 1945 in one trading session . The question is what's next? Well no one has the exact answer but here is a possible scenario which could be on the cards . I would not be surprised to see a small pull back and all the shorts to pile in trying to sell the top before getting trapped/destroyed with another move up towards $1970 taking out the sept 20 high/liquidity before a much bigger move to the downside. To give my chart the uncongested cleanest look , I have removed some of the levels inside of the Fib Channel to make it easier on the eye . Above we have a High volume Node+ Liquidity and the golden pocket + Fib Channel as confluences . I will be expecting a reaction at this region and will act accordingly . More data will be required to determine if this is to be another LH on the HTF or a deep RT and continuation to the upside . Set alerts at the given region and manage your SL in accordance with your trading plan and appetite for risk. Like and follow for more setups like this and check out my previous analysis on Gold
COMEX:GC1!Short
by SJTRADESFUTURES
Gold - Elliott Wave CountGold - Elliott Wave Count Gold - Based on the current market structure, it is becoming clear that the ABC correction of Wave 2 has ended and Gold will continue to rise towards the $2400 range and beyond. Today's move indicates that the Wave 3 has already begun. However, it is important to note that if the market breaks the $1810 level, the aforementioned view will be considered invalid. It is crucial to trade with caution and keep in mind that this information is for educational purposes only. OANDA:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD FXOPEN:XAUUSD ACTIVTRADES:GOLD MCX:GOLD1! TVC:GOLD CAPITALCOM:GOLD MCX:GOLD1!
FX:XAUUSDLong
by Treda_pro
6
Risk aversion is rising, making money by going long goldtoday is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900. Obviously, gold perfectly hit my expected profit target position, and we successfully harvested a profit margin of about 10 US dollars. In fact, there is not much room for fluctuations in the US dollar today, so the sharp rise in gold is entirely due to the market's concern about weekend news. Therefore, gold gained $50 during the day. Driven by risk aversion, I believe that above 1915, at least today, we should not continue to be long gold and beware of gold falling back. In fact, from a technical perspective alone, gold should start a correction, but geopolitical conflicts have brought a certain degree of uncertainty to it. If there is no new news during the weekend, then I think gold may start a correction at any time next week. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio
GOLD: A SAFE HEAVEN IN UNCERTAIN TIMESTVC:GOLD My current views on GOLD: Short chart explanation. This structure can be: 1. A continuation of the bigger WXY - forming another XZ correction (so the price is heading on the downside) 2. A correction at a smaller degree (ABC), finishing a potential Wave A on the downside, before bouncing forming the Wave B on the upside, potentially reaching again the top main resistance point. Deeper insights: In recent months, gold prices have been on the rise, as investors have sought to protect their wealth from inflation and the potential for a recession. The ongoing conflict in Ukraine has also boosted demand for gold, as investors have sought to hedge against geopolitical risks. Technical Analysis On the 30-minute chart, gold is currently trading in a bullish trend. The price is above all major moving averages, and the RSI and MACD indicators are both bullish. This suggests that the bulls are in control and that the price could continue to move higher in the near term. s3.tradingview.com On the 4-hour chart, gold is also trading in a bullish trend. The price is above all major moving averages, and the RSI and MACD indicators are both bullish. This suggests that the bulls are in control and that the price could continue to move higher in the near term. s3.tradingview.com On the daily chart, gold is also trading in a bullish trend. The price is above all major moving averages, and the RSI and MACD indicators are both bullish. This suggests that the bulls are in control and that the price could continue to move higher in the near term. s3.tradingview.com Conclusion Overall, the technical and fundamental outlook for gold is bullish. The price is above all major moving averages on the 30-minute, 4-hour, and daily charts, and the RSI and MACD indicators are all bullish. This suggests that the bulls are in control and that the price could continue to move higher in the near term. I hope this post is helpful. If you agree with the idea, please follow and share this with others too. This analysis is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
TVC:GOLDLong
by YExplore
🥇Gold🥇 Will Fall soon⏰(4-Hour)⏰Gold is moving near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and 🔴Resistance zone($1,904-$1,886)🔴. 🔔I expect Gold to fall after entering the 🟡 Price Reversal Zone(PRZ) 🟡at least to the 🎯 Targets 🎯 I have marked on the chart. 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
43
GOLD Will gold retreat after the news on Friday today?According to the U.S. Department of Labor, the CPI rose 0.4% in September, exceeding the 0.3% rise in August. However, the annual CPI has declined compared to the peak of 9.1% recorded in June 2022. Traders now believe there is a 38% chance the U.S. Federal Reserve will raise interest rates in December, up from 28% before the inflation report was released, according to CME's FedWatch tool. The 10-year US Treasury yield and USD index also rose on the above data. The main factor supporting gold prices during trading is investor caution due to the escalating conflict between Israel and Hamas. Gold is considered a safe investment during times of political and financial instability, but as interest rates rise, the opportunity cost of holding unprofitable gold increases. "There are still some signs of a slowdown in the U.S. economy, which should be positive for gold," said Edward Moya, senior market analyst at OANDA. We expect gold prices could range from $1,860 to $1,920 per ounce in the near term. ” Among other metals, spot silver fell 1.2% to $21.79 an ounce, platinum fell 2.2% to $865.87 an ounce, and palladium fell 2.9% to close at $1,132.75 an ounce.
TVC:GOLDShort
by TheLeader_WOLF
XAUUSD:13/10 Today’s Trading StrategyIn the early stage, gold was affected by a series of hawkish moves by the Federal Reserve and ushered in a unilateral downward trend. However, the decline eased after testing near 1815 many times, and there was a downward rebound during the non-agricultural market, and the bulls launched a counterattack. Subsequently, the Palestinian-Israeli risk aversion situation helped gold rise, and it gapped higher and once returned to above the 1850 mark. It continued to rise the next day, reaching a high of 1885. Gold's daily bullish streak rose to around 1885, and now it has fallen sharply to the 1870 mark. It surged higher the next day and then fell back to end, indicating that there is indeed a lot of selling pressure at 1885. 1880 happens to be the 50% position of the 1950-1810 Fibonacci retracement point, which is also the key pressure in the early stage; 1885 above is the early support bottom. Bulls need to be vigilant if they hit the 1880-1885 range. Now it has been blocked and fell back as expected. Then the next step will be to see whether the decline can continue. If it closes negative again today, there is hope for filling the gap of 1833. Since the current high of 1885 has fallen back as expected, we will continue to maintain the bearish thinking today. After today's rebound, continue to short, and focus on the support of the 1860 mark below. SELL:1878-1881 SL:1885 TP1:1870 TP2:1865 TP3:1860
OANDA:XAUUSD
by ActuaryJ
1
Short gold in the short term and continue to make moneyToday I tell you in advance that the short-term resistance of gold is in the 1885-1890 area, so I remind everyone not to continue to be long gold above 1880. In addition, before the CPI data was released, I informed everyone to short gold from 1883-1885. If gold rises to the 1888-1890 area, we will increase our positions to short gold. Obviously, the market did not give us any more opportunities to increase our positions, and after the CPI data was released, gold fell to a minimum of around 1871, which perfectly hit my expected profit target area of 1876-1875. Congratulations to all of us for making good profits. Judging from the current gold trend structure, gold is currently falling back to around 1871, and gold has not stabilized above 1880. Then gold is likely to continue its downward trend, so now we focus on the short-term support area below 1863-1865. If gold falls back to this area , we can start trying to go long gold. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Antonio
2
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
Gold price today October 12: Soared again after PPI reportThe PPI index will be an indicator of the price sold to consumers in person (Consumer CPI index) will also increase accordingly. This will work strongly to determine interest rate increases by the US Federal Reserve (Fed). Tonight (December 10), the US will announce the CPI index. Experts say that if the CPI index also increases, at the upcoming meeting in early November, the Fed will increase the basic productivity point by 0.25%. emission mechanism is moving towards the 2% target. Normally, when the Fed predicts an interest rate increase, gold prices will decline. However, this time the price of gold has increased sharply. Introducing that, if the Fed continues to raise interest rates, there will be increased risk to the US economy. Rising inflation will also cause people to tighten spending, which in turn may cause businesses to shrink production. Therefore, the US economy may fall into recession but not have a "soft landing" as predicted. With the above analysis, investors have returned to buying gold, attacking the risk of capital flows.
TVC:GOLDLong
by FalCol_TradingMaster
GOLD for my correct predictions yesterday There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in recent months could prompt the Fed to hold off on raising interest rates. Waller said on October 11 that higher market interest rates could help the Fed control inflation and allow policymakers to consider whether further rate hikes are necessary. "Overall, the minutes indicate that Fed officials are increasingly concerned about recession risks to the U.S. economy," said Carl Schamotta, chief market strategist at Kopay in Toronto. The recent weakness in the US dollar is due to a decline in US Treasury yields, with bond prices rising due to the Fed's "loose" stance on future interest rate hikes. Investors are now awaiting the release of the main inflation report today, October 12th, for further guidance on the future direction of interest rates. Additionally, the market is closely monitoring the conflict between Israel and the Islamic organization Hamas. Conversely, the euro rose to $1.0634, its highest level since September 25th. Meanwhile, the pound rose to a three-week high of $1.2337. Dutch central bank board member Klaas Nott said on October 11 that the ECB has made "important progress" in bringing inflation down to its target level, but there is still a long way to go and rules out the possibility of inflation rising. He said he could not. Interest rates may rise further in the future.
TVC:GOLD
by TheLeader_WOLF