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GOLD Price Continues Losing Streak as US Dollar Seeks Demand ...Gold Price Continues Losing Streak as US Dollar Seeks Demand Amid Cautious Mood Gold prices are experiencing their sixth consecutive day of losses on Monday, with the US Dollar seeking fresh demand in a cautious market environment. Despite the United States successfully averting a government shutdown, investor sentiment remains cautious. The US Congress voted late on Saturday to pass a stopgap funding bill, gaining overwhelming Democratic support, thus preventing the federal government from experiencing its fourth partial shutdown in the past decade. Over the weekend, China's business PMIs delivered mixed results, which had a dampening effect on investor sentiment, particularly in light of the Chinese Golden Week holiday leading to lighter trading activity. The Caixin/S&P Global manufacturing purchasing managers' index (PMI) for September fell to 50.6 from the previous month's reading of 51.0, missing expectations of 51.2. The services index also declined to 50.2 in September compared to 51.8 in August, marking its lowest level since December. However, official data released by China's National Bureau of Statistics (NBS) showed that the Manufacturing PMI and the Non-Manufacturing PMI exceeded expectations, coming in at 50.2 and 51.7, respectively, for September. The persistently hawkish rhetoric from the US Federal Reserve (Fed) and the resilience of the US economy are contributing to a bullish sentiment around the US Dollar and US Treasury bond yields. Consequently, this environment has left non-yielding assets like gold struggling, with prices hitting seven-month lows. The focus now shifts to critical job data from the United States. On Tuesday, the JOLTs Job Openings data will provide fresh insights into the country's labor market, particularly as inflation shows signs of cooling down. In August, the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation measure, softened to 0.1% MoM and 3.9% YoY. Additionally, market participants will closely monitor the US ISM Manufacturing PMI and a speech by Fed Chair Jerome Powell later in the day. These events could provide valuable hints regarding the state of the economy and the outlook for interest rates, potentially impacting the valuations of the US Dollar and the price of gold. Our previous forecast during the recent trading week. TODAY: Our preference Short positions below 1852.00 with targets at 1830.00
OANDA:XAUUSDShort
by FOREXN1
12
GOLD ( XAUUSD ) Long Term Selling 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
KOG REPORT:KOG REPORT: In last week’s KOG Report, we were expecting an aggressive week on the markets and that’s exactly what we got. Our ideal scenario on gold was for price to find support, push to the upside, grab the higher pool, and then make the drop into the first level 1908 where we expected a bounce, which didn’t arise, and then into our level 1890 which was achieved and surpassed. In all honesty, the first half of the move, until the level l was broken was missed by us, instead, we had to switch to the red box strategy and follow KOG’s daily bias to get in with the move from immediate resistance levels. Our last bias target was 1863, which again was achieved but that’s where we stopped for the week, only looking then for price to find some form of support. It was a decent week overall, with numerous gold targets activating short and guiding us down on Gold, and further targets completing on many of the other pairs we trade in Camelot. So, what can we expect in the week ahead? The only targets we have remaining now are even further down on Gold, but we will start the week by monitoring the price action down here, only looking for support levels to go long at the moment. We can potentially expect some consolidation early session but we’re too low here to even consider shorting the market unless we get a retracement on price. We’re looking at the support levels below 1845-40 which if held, we feel would represent an opportunity to long the market back up initially into the 1865 level and above that 1875-80. Now, 1880-90 is an important level if targeted, this is where if broken, we can attempt to go higher. If not, rejection here forms the last leg of the structure and that’s the potential level for lower pricing in gold, initially 1830-35 and below that 1810-15. As above, we’re too low to attempt shorting the market, so if it continues down, be patient and let it go, it’s not worth getting stuck down here in short trades just in case we start a recovery from the open. So, even though we’ve been short bias, for this week at least, we’ll only be looking for long trades from key levels, unless we get the move to the upside into that higher resistance level, where again we will attempt to short the market again. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
18
GOLD Week 39 (25/09/23 to 29/09/23)Hi Traders, What a week for the Gold traders was. Let us look how it went. Monday We open at1925. Sideways during the asian session open. Tested the supply area near to the London session. Created a support area at 1920. Tested again the supply area before start making the first BOS downwards of the week. Sideways till close. Tuesday Open at 1915. Had a supply area in that range. Price continue to drop slowly breaking a previous week key level support 1913. Reacted at 1909, testing the supply during London Open. From the Supply, It made a break of Structure to the downside. Closing at the 1899 range. Wednesday Open sideways. Ranging between 1899 and 1904. 1904 is a SBR area. (Support Become Resistance). Sellers continues to break more key levels and structures. Price closes at 1872 area. What a move. Thursday Sideways all the way till we are near the US Session open. Created a supply zone. Sellers continue to control. It went down close 220 pips in a single market session. Closing the day at the 1867 area. Friday Buyers attempted to take control. First Demand area appear for the week. Bullish movement starts before London session. Retested the 1879 supply area which is also a SBR key level area. Before killing all buyers making a 300 pips drop. Only to close the week at 1846. This is a clear picture for us to learn. The Trend was really your true friend if you had respected it. Thank you. Like and Follow me. Have a good weekend.
BLACKBULL:XAUUSD
by UnknownUnicorn7106746
🚨🥇Gold🥇 will continue to Fall🚨✅Gold managed to break the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and support line yesterday by Bearish Marubozu Candle . 🌊According to Elliott Wave theory , Gold is completing the Double Three Correction(WXY) . 🌊Currently, Gold is on the way to complete microwave C of the main wave Y after breaking the 🟢 Support zone($1,904.260-$1,886.49) 🟢. 🔔I expect Gold to fall to the 🟢 Support zone($1,904.260-$1,886.49) 🟢 and the support line to the 🟡 Price Reversal Zone(PRZ) 🟡 after the pullback. 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
36
Again Gold Sell Target? check idea Hello Everyone, As we have seen for the last several days, gold has been going down continuously, and yesterday it went up to 1857. After that, there was a slight pullback, and it went up. Now that gold is running in 1874 or 1875, we are hopeful. Gold will go back between 1875 and 1878, or back between 1885 and 1888, after which our next target is 1855.    If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading
3
Being long on gold has already made good profitsYesterday, gold fell to a low of around 1858, and then gold began to rebound. Gold is currently trading around 1871. Yesterday I published two articles in a row to remind everyone that the time to go long gold has come, and I have already started to go long gold. I currently hold long gold trading orders in the 1875-1858 area in batches, and I have not closed the order so far. Although gold has fallen back, I firmly believe that the 1873 position is not the highest point of gold’s rebound. Today, Friday, I think gold will continue to rebound next week, so I will continue to hold the long gold position I currently hold. By next week, I believe that by next week, I will definitely make a very handsome profit. 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
Correlation of Gold and DFII5(Inverse) Gold and 5-year inflation-indexed bond interest rates, which have been in full correlation since approximately 2006, broke this correlation as of 2022. Bond interest rates, which were around -1.8 at the beginning of 2022, increased to 2 by the end of 2022. During this period, if gold had followed the interest rates without breaking the correlation, it would have fallen to $830, that is, it would have lost 58% of its value. But this did not happen and gold fell to $1640, losing 17% in value. Subsequently, the interest rate decreased from 2 to around 1.15, causing the gold to rise by around 22%, above $2000 again. Finally, as the interest rate increased from 1.15 to the current level of 2.42 since last March, gold fell to $1865, recording a 7% decrease. Based on this analysis, we can conclude: 1/Gold and 5-year inflation-indexed bond interest rates are fully correlated under normal market conditions. When bond yields rise, gold falls; When interest rates fall, gold rises. These rises and falls occur at nearly the same rate under normal market conditions. Since 2022, when the correlation was broken, every increase in interest rates has only reduced gold by 1/6. However, on the contrary, the decrease in interest rates continued to increase gold at the same rate. Therefore, although gold is suppressed against the changing and hardening monetary policy of the USA, its decline is not as deep as it should be. Therefore, we can say that gold is a solid investment tool in this process. In light of this information, I think that in a scenario where the markets settle down and interest rates reach 0, gold will easily break its previous peaks and reach extraordinarily high levels.
OANDA:XAUUSDLong
by YavuzAkbay
It’s time to go long goldAt present, gold has fallen to around 1858. I think friends who are short gold should have made a lot of profits. But as far as the current trend is concerned, I do not recommend that you continue to short gold. Instead, now is the time to consider going long gold. This round of gold decline has actually exceeded my expectations, but I think the lowest point of this round of decline is almost around 1850. So I predict that gold will resume its rebound soon. At present, everyone can do long gold in batches in the 1860-1850 area, and then wait patiently for gold to rebound. Friends who are already long in gold, don’t worry about this. I think you will make very good profits within the next week at the latest. 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
1