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GOLD's Resurgence: A Breakdown of Factors Shaping its Rebound...Gold's Resurgence: A Breakdown of Factors Shaping its Rebound Amid Fed's Pause and Positive Economic Data In a dynamic financial landscape, gold has once again seized the spotlight with a sharp and robust recovery. This resurgence in the price of gold (XAU/USD) is driven by a confluence of factors that have captured the attention of investors and analysts alike. In this comprehensive article, we delve into the intricacies of gold's impressive comeback, examining the key elements influencing its ascent in 2023. The Federal Reserve (Fed), long seen as the harbinger of monetary policy, plays a central role in this narrative. As expectations mount that the Fed will hit the pause button on its aggressive interest rate hiking cycle for the remainder of the year, gold has found renewed strength. This shift in the Fed's stance is underscored by a lack of economic indicators supporting further inflation risks, signaling a potential end to the policy-tightening spell. Additionally, the US Dollar, which recently reached a six-month high, is facing mounting pressure. Fears of a global economic slowdown are receding, and this shift in sentiment has contributed to the correction in the Greenback. Investors now perceive a reduced likelihood of further interest rate increases by the Fed, which has bolstered gold's appeal as an alternative investment. Notably, positive economic data has played a pivotal role in shaping these developments. US Retail Sales surged in August, with service stations reaping the benefits of rising gasoline prices. Despite these price increases, the impact on the overall Consumer Price Index (CPI) is expected to be limited. This has provided Fed policymakers with more room to consider keeping interest rates unchanged in the upcoming meeting. Furthermore, the global economic landscape received a boost of optimism with robust data from China. The National Bureau of Statistics (NBS) in China reported encouraging trends, instilling market confidence. China's Retail Sales grew by 4.6% year-on-year in August, surpassing expectations and indicating improvement over the previous month. Industrial Production in China also exceeded estimates, recording a growth rate of 4.5% in August, compared to July's 3.7% rise. In response to China's strong economic performance, the People's Bank of China (PBoC) took action by lowering the Reserve Requirement Ratio (RRR) by 25 basis points (bps). This move has further supported gold prices, adding to the positive sentiment. While the US Dollar has retreated from its recent high, the potential for a significant decline remains limited due to market participants' cautious approach to the Fed's hawkish stance. The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold. In conclusion, the recovery of gold is a multifaceted story influenced by the Fed's policy shift, positive economic data, and global economic dynamics. As monetary policy decisions and the Fed's communications continue to be focal points for market movements, gold's resurgence remains a compelling narrative to watch. Moreover, the forthcoming release of the US preliminary Michigan Consumer Sentiment Index will be closely monitored, providing further insights into market sentiment. "The anticipation of a more stringent monetary policy, potentially involving further interest rate hikes or tightening measures, has led to a more prudent approach to non-yield assets like gold." Our preference Above 1910.00 look for further upside with 1933.00 & 1940.00 as targets.
OANDA:XAUUSDLong
by FOREXN1
28
dollar interest rate and 1922, need your fully focus.#GOLD... market bounced in friday and now trade in range inbetween 1922 23 and 1928 around. keep in mind guys in current week USD interest rate and FOMC economy proujection, FOMC statement, FOMC interest rate and FOMC press conference on table, and technically we have only 1922 as supporting area, it can change the overall scnerio, keep focus on 1922 because if marekt break it then next area will be 1915 and then 1900, holding of this area mean upside we have again 1928, 1938 and 1942 trade wisely good luck
FX:XAUUSD
by AdilHussain731333
1
Gold: Rise continues with 1924 direct gains The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct! Judging from the trend, gold is still bullish. The current position of 1930 is the early consolidation pressure position. It is normal for the market to fluctuate and adjust at this position! At the same time, we are also waiting for the Federal Reserve’s interest rate decision in the early morning of Thursday! Gold is now treated as a shock, but it is a shock in the process of rising. The operation is naturally based on low and long! Therefore, relying on the support, we should continue to go long in the U.S. market, but we should not chase the rise after a new high. We should be short at the high position or wait for the fall to continue to go long! Gold 1924 long, stop loss 1918, target 1940
FX:XAUUSDLong
by Dylan-Jones
Gold Fall by 🗻Double Top Pattern🗻⏰(1-Hour)⏰🗻Gold seems to be completing the second top of the 🗻 Double Top Pattern 🗻 near the 🔴 Resistance zone($1,939.00-$1,932.00) 🔴 and the Important Downtrend line . 🌊According to the theory of Elliott waves , gold seems to have completed its 5 impulsive waves and is now forming Corrective Waves . 🔔I expect Gold to move towards the 🟢 Support zone 🟢 after breaking the Neckline of the Double Top pattern . 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
42
XAUUSD:15/9 Today Gold Trading StrategySpot gold fluctuated and rose on Friday, currently around 1918. The gold price bottomed out overnight and rebounded. It once hit a nearly three-week low near the 1900 mark, and closed back up near the 1910 mark. Stimulated by the news yesterday, gold quickly fell back to around 1901 and then stopped rebounding. Under the pull of the big positive line At the time of the rise, the long and short positions did not reveal much of the trend. In the continuous falling market, the support below 1900 first stood firm, and this position will also be our key breakthrough point in the later period. Such a position If the support effectively generates a rebound, a bullish reversal is likely to form in the short term, and the key suppression port above remains near 1915. Since the 1915 position has been broken, let's further look at the 1920 position, which is also a key suppression area. , with the suppression of the short-term moving average during the day, it is very likely that there will be an effective breakthrough again. At present, when the gold bulls are pulling back, but there is no signal of strength, we can still try to go short and wait, and once it breaks through After reaching around 1920, we still need to adjust the trend in time. Otherwise, if the breakthrough fails, we will continue to call back and test the 1900 mark support. Let’s operate around the 1920-1900 range today! ​ ​​​​Gold operation strategy: SELL:1919~1923 TP1:1914 TP2:1910 BUY:1905-1908 TP1:1912 TP2:1918
OANDA:XAUUSD
by ActuaryJ
XAU/USD SELL IDEATHIS IS MY IDEA ENTER AT OWN RISK Looking at the weekly chart, gold has just entered its sell zone on the weekly chart TIGHT SL OF 1936 TP DOWN TO 1896 Gold wanting to make a new low on the weekly chart REASONS i BELIEVE ITS FURTHER SELLS: 1) GOLD IS STILL A DOWN TREND ON 4H, D, W 2)GOLD HAS RESET 4H RSI FROM 32% TO 64% GIVING IT MUCH MORE PUSHING POWER DOWN 3)GOLD HAS JUST HIT SELL ZONE BASED OFF D AND W DOWN TREND FOLLOW AT OWN RISK AND PLEASE BOOST IF YOU LIKE THIS INFO
FOREXCOM:XAUUSDShort
by DJSMORE
GOLD ( XAUUSD ) Long Term 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
Gold Week 37 (11/09/2023 to 15/09/2023)Hi Traders, Let's look back to what this precious metal did last week. Monday It started out at the 1930. Sideways till NY Session open before making a break down to the 1923 area. Tuesday It made an attempt to rally but failed to make a clean break above. It went down instead breaking the 1915 area right before the US session. Wednesday Price continued sideways for almost the whole day. Retest the 1915 but failed to break and continue to maintain below that SBR (Support Become Resistance) Level. Thursday Continues the bearish movement from Asian Session breaking the 1903 level making a new low in the Higher Time Frames. A reversal happen during the US Session. A bullish engulfing Candle started a rally upwards. Friday Price continues to rally upwards. Breaking previous Resistance levels 1915 and 1923 before returning to 1930 the area where it first started. The week ends with Gold respecting 1930 and returning back down to 1923 area. Thank you for checking this chart out. Like and follow if you like my chart. Catch you again next week.
BLACKBULL:XAUUSD
by UnknownUnicorn7106746
GOLD XAUUSD Technical Analysis and Trade IdeaGOLD XAUUSD is presently encountering downward pressure and has reached a significant level of support. In the accompanying video, we will delve into several trading concepts. Our discussion will encompass a wide array of technical analysis components, including the a look at the existing trend, evaluation of price movements, market structure, and consideration of other pivotal factors. It's crucial to underscore that the video content is intended purely for educational purposes and should not be construed as financial advice. Trading in the precious metals market entails inherent risks, making it essential to establish robust risk management strategies to protect your capital.
OANDA:XAUUSDShort
by fxtraderanthony
GOLD XAUUSD Technical Analysis and Trade IdeaIt is apparent that GOLD XAUUSD has encountered notable downward pressure in recent trading sessions. Its trajectory has exhibited a clear descent towards a pivotal support level, as observed on the daily time frame. Our focus now revolves around identifying a favorable entry point during the impending retracement. In the accompanying video, we delve into critical facets of technical analysis, encompassing elements such as price action dynamics, the prevailing market structure, trend identification, and the delineation of crucial support and resistance levels. It's imperative to emphasize that the content of the video is intended solely for educational purposes. It should not be construed as financial advice, but rather as a valuable resource for enhancing your understanding of market dynamics.
OANDA:XAUUSDShort
by fxtraderanthony
2
GOLD:Trading strategy Gold tested 1900 many times yesterday and was supported, and now it has broken through the range of 1915. Then it can be judged that gold is temporarily reversed. As long as it falls to a low level, you can try to buy. The low of the H4 cycle rose three times. The rise in the morning directly broke the suppression point of the middle Bollinger band. The previous suppression point became a support point. The lower support point is near 1910, and the upper H4 Bollinger band high or the 60-day moving average high is near 1922. If the rise can be maintained on Friday, then next week I am more confident that gold will rise in the near future. Short-term fast trading Gold:buy 1905-1910 TP:1915-1922 SL:1898 If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
OANDA:XAUUSDLong
by UnknownUnicorn60055110
🚀Gold increase after Breaking the Resistance lines🚀⏰(1-Hour)⏰✅Gold managed to break the resistance lines a few hours ago. 🔔I expect the upward trend of Gold to continue and Gold to close its 🟡 Price Reversal Zone(PRZ) 🟡 and Important Downtrend line . 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:XAUUSDLong
by pejman_zwin
17
XAUUSD EXPECTATION! SHORT!Hello Traders, here we are again with new analysis on GOLD, What we see here, is quite clear, so as always we have some expectation from price, so if they follow our expectation we take decision, We have strong supply zone around 1926, which price had extreme drop, however, it cannot be only confirmation as we are coming from 1918.50, which is strong resistance for the price, so I expect for the price to see 1926 for one more time to collect orders, the we continue short, So as always stay with me, I will let you know where to enter exactly to don't miss this opportunity, For now we going wait for the price to reach our determined level, then we will see if we can enter or no! Remember there is huge risk in this market, so always respect to your risk management Any question comment me bellow! @FxShzd team
OANDA:XAUUSD
by FxShzd