GOLD reaction to ECD & BOJAs Yesterday (Wednesday) the FED Increase the interest rate by .25 & nothing happened to gold.
Well ECB on Thursday and BOJ on Friday are the final one to react the market & the ECB is expected to rise interest rate by .25 percent too.
Gold may struggle in such a scenario as markets upgrade the probability of one more hike this year. If the FED continures in bringing positive options & the positive ecnonimic data from US then the gold will fall impulsively.
My positions are still of selling from the resistance area.
Goldtrade
Gold current price or 1858 entry empty
Gold, the daily trend is still empty, the one-hour period fluctuates at a low level within the day, and then falls back quickly after breaking the upward resistance in the evening. After the current price breaks the key support line 1959, the downward step is formed. The last hour of evening operation followed the daily line and was bearish again. The current price may be directly short at 1958, and it will be bearish to 1948-1935.
The current price of gold is 1958, the stop loss is 1968, and the target is 1948-1935.
You can do more around 1955
If you haven't done it yet, you can do more directly in 1955. Gold will definitely rise above 1972 today. There is still room. If you miss it, you have to wait for the next time
At present, the k-line is still above the moving average throughout the whole process, and the fall of the k-line is a normal operation, but at least the overall price of gold is controllable, and the overall trend is still strong, and it is also on a firm footing
The moving average has crossed the trough, and it is obviously moving upwards, ready to go up
Do long around 1965
It’s not that I looked at the 1972 line today, but I looked at this position yesterday, but the lack of motivation yesterday was the reason for the market, and it still reached the 1972 line after all.
Will today's 1982 be far behind? Are you ready?
In the evening, the Federal Reserve’s interest rate decision is waiting for you to come at any time. The big positive line is strong and rises, directly breaking through the resistance level of 1970. At the same time, the bottom of the arc is also obvious. The k-line is stepping on the moving average.
Gold sits and waits to fall, today is another day to watch the f
Gold sits and waits to fall, today is another day to watch the fall, a rebound is an opportunity to enter the market, once again firmly bearish, no break, no stand, it's that simple
As long as the k-line does not go out of the vicinity of 1980, we have a reason to be short. The gold price in the European market rebounded to around 1967 again, but the negative line directly covered the rebound of the positive line, and the k-line ran from above the moving average to below.
A negative line breaks through two positive lines, the bearish is empty, and 1967 is directly empty
again major support 1954, hold or not?#GOLD.... after a funtastic drop market again at his major supporting area that was discussed in our last ideas,
that is 1954 as you can see how market smoothly hold this area in couple of day back, its again a major and important area,
and it will play key role for further move of gold to anyside,
if market hold it in hour chart then bounce expected again otherwise not at all..
STAY SHARP GUYS,, DONT BE LAZY.
trade wisely
good luck
How gold should trade after the Fed's interest rate decision
Today's Fed interest rate decision is fully in line with market expectations, raising interest rates by 0.25%, which is expected to raise interest rates, so the market has digested the volatility brought by the rate hike, and then the Fed's speech is also very dovish, gold fell rapidly after a short rise, there was no great fluctuation, gold was blocked around 1978, and the upward trend was not continued, the dollar index also began to rise after a short decline, which further suppressed the rise of gold, in the next gold trading, Give advice to friends to go short at a high level
Gold Trading Strategies:
XAUUSD:SELL@1975-1980 TP1965-1960
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD: Gold has reached a critical position
As shown in the figure, the bottom center of gravity of gold is moving up step by step, and it is currently near 1975, which is suitable for light positions. Today's overall operation is mainly based on dips!
Join me and don't let procrastination and hesitation stop you from making money!
Unveiling the Secret Relationship: US 10-Year Treasury and GoldAs you may already know, the US 10-Year Treasury is a government bond that benchmarks long-term interest rates. Investors often turn to this instrument as a safe haven during times of economic uncertainty or market volatility. In contrast, gold has long been considered a store of value and a hedge against inflation. It is highly sought after in times of economic distress, making it a popular choice for investors looking to diversify their portfolios.
What's truly captivating is the observation that the US 10-Year Treasury and the price of gold tend to move in opposite directions. When the yield on the 10-Year Treasury rises, indicating increased investor confidence and potentially higher interest rates, the price of gold often experiences a decline. Conversely, gold prices tend to increase when the yield on the 10-Year Treasury falls, signaling economic uncertainty and the potential for lower interest rates.
This inverse relationship can be attributed to various factors. Firstly, rising interest rates make fixed-income investments, such as bonds, more attractive, diverting funds from non-yielding assets like gold. Secondly, as the US dollar strengthens with higher interest rates, gold, priced in dollars, becomes relatively more expensive for foreign buyers. Lastly, lower interest rates often lead to increased inflation expectations, making gold an appealing investment due to its historical ability to preserve purchasing power.
You might wonder how this knowledge can practically apply to your trading strategies. Well, my friend, here comes the call to action: I encourage you to closely monitor the direction of the US 10-Year Treasury to predict potential movements in the price of gold.
By staying informed about the yield fluctuations of the 10-Year Treasury, you can gain valuable insights into the overall market sentiment and potentially anticipate shifts in gold prices. This knowledge can help you make more informed trading decisions and position yourself advantageously in the market.
Remember that while the inverse relationship between the US 10-Year Treasury and gold has proven to be a reliable indicator, conducting a thorough analysis and considering other factors that may influence gold's price is essential. Market conditions are ever-changing, and no single hand can guarantee success. Therefore, combining this knowledge with other technical and fundamental analysis tools is crucial to maximize your trading potential.
In conclusion, understanding the inverse relationship between the US 10-Year Treasury and gold can be valuable to your trading arsenal. By closely monitoring the direction of the 10-Year Treasury, you can gain insights into potential movements in gold prices, allowing you to make more informed trading decisions.
Gold before the interest rate decision
I have analyzed many times before, gold will not have much volatility in the first three days of this week, it turns out that my analysis is correct, gold continues to fluctuate between 1950-1970, for this kind of market, trading is actually very simple, buy around 1950, or sell in 1968, if you trade more aggressively, you can also trade in advance, here you need to pay attention, short-term transactions do not be greedy, get profits can close the transaction, and then wait for the next trading opportunity
Gold Trading Strategies:
XAUUSD:SELL@1968-1973 TP1960-1955
XAUUSD:buy@1945-1950 TP1958-1963
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FED decision's impact on GOLDToday(Wednesday) the FED Interest rate decision will be announced
Today (Wednesday) the Markerts expexted Increase in Interest rate by FED upto 0.25%
Gold prices experienced a rise on Wednesday as investors turned to the safe-haven asset ahead of the anticipated rate hike by the U.S. Federal Reserve laterin the day. With markets widely expecting the Fed to increase rates by 25 basis points, concerns about inflation have intensified, prompting investors to seek the stability and security offered by gold.
Analysts suggest that the Fed's decision to raise rates may indicatein the day. The market consensus is that the Fed will raise rates by 25 basis points. This increase in interest rates is seen as a sign that the central bank believes inflation is under control. As a result, some investors are turning to gold as a hedge against any potential economic turbulence.
Additionally, analysts suggest that the Fed may leave the door open for one more rate hike in either September or November. This uncertainty has further fueled demand for gold, as investors seek to protect their portfolios from any potential market volatility.
The rise in gold prices was also supported by a slight weakening in the U.S. dollar and a decline in yields, which had reached two-week highs. Both of these factors make gold more attractive to investors.
Overall, the increase in gold prices can be attributed to the belief that the fight to tame inflation may be nearing its endgame. Investors are turning to gold as a safe-haven asset amidst the potential for economic uncertainty and market turbulence.
My Trading View: i am keeping on Sell from the weeks & finally today a high posibility of Sell. My position are from 1970s area till the 1938 level.
Gold retest. A good buying opportunityHello, according to my analysis of the gold market, there is a good opportunity to buy. The market broke the downtrend. We also notice an ascending channel. A very positive green candle has formed on the 4-hour chart, confirming the strong entry of the buyers. All these factors confirm that gold is only for buying. Good luck to everyone