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Goldtrend

XAUUSD: 21/3 Today’s Analysis and StrategyGold prices topped $2,200 for the first time in history as the Federal Reserve maintained expectations for three interest rate cuts this year, suggesting they were not concerned about a recent rise in inflation. It once hit a record high of $2,222.65, rising by more than $60 before the Fed's interest rate decision. Gold climbed more than 1% on Wednesday after the Federal Reserve signaled they expected to cut interest rates by 75 basis points by the end of 2024, sending the dollar and Treasury yields lower. Gold investors are finally breathing a sigh of relief as there is some new buying momentum in the precious metals market as the Federal Reserve hints that it will still cut interest rates three times this year. In a highly anticipated move, the Federal Reserve announced it would keep the federal funds rate unchanged at a range of 5.25% to 5.50%. However, the market is more interested in the Fed's forward guidance and interest rate expectations before the end of the year. Although the Fed continues to signal interest rate cuts, it is still reluctant to provide a specific timetable. The monetary policy statement struck a very optimistic tone about the health of the economy. The gold market rose sharply as markets began to solidify expectations for a rate cut in June. golden technical aspect Daily resistance is 2250, support below is 2177-45 Four-hour resistance is 2223-50, support below is 2178-50 Gold operation suggestions: From the daily analysis, the short-term support below focuses on the vicinity of 2178. This position is also the watershed for the recent strong bulls. At the same time, do not chase the bulls at the current high level. Just wait patiently for sideways consolidation before entering the market. SELL:2120-2125 BUY:2178-2183 BUY:2148~2153 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold Thursday trading signals and trend judgment (updated) #XAUUSD The Federal Reserve ignited the market buying sentiment, and gold opened and rose to 2222 today. Gold moved below to 2192-2195-2197 multiple times. The top touched 2210-2212 many times. The current golden range is 2180-2122. This trading range is very wide Except for the current false breakthrough price of 2222. and the untouched support level below 2180. I think it is unlikely that gold will make a major correction. The reasonable trading range should be 2192-2222. Based on the Fib line and EMA line and today's running price as a reference. If gold fluctuates at a high level today, I think the trading range you can try is: BUY2200-2202/ 1995-1997 sl2192 tp2213.5-2220 Because gold is still considered unstable in its current run. Of course, you can still choose not to trade and continue to observe. If you are interested in my analysis, please join me. And give me a like. I update my thoughts almost every day
FX:XAUUSDLong
by WilliamChloe
More Gold Buys, YawnnnnnnOnce there is momentum in a market - you can rest assured I'd be lurking lol When I saw gold return with its bullish momentum after all that consolidation, I was like helllssss naahh. I can't leave that alone Thank god I didn't the trade right now is floating at just about 1:3.25 Gold is currently consolidating again either for it's next big push up or to drop to take out late buyers then then continue its push up Either way I believe it is going to continue up, it isn't a matter of "if" for me but "when" I will as per usual continue to hold it as it does its thing My stop loss is also currently at break even so I'm not worried about what gold does at this moment at all Downvote if you didn't read this entire post and didn't try to understand OR Upvote if you did read this entire post and did try to understand Link in bio btw :) See you guys for the next update
OANDA:XAUUSDLong
by Brandon_evo4
20/3 gold market analysis, waiting for news releaseGold fluctuated within a narrow range on Wednesday and is currently trading around $2,154. Gold prices fell slightly on Tuesday, with spot gold closing down 0.13% at $2,157.40. The intraday low hit $2,147.03, as U.S. single-family housing starts rebounded sharply in February, hitting the highest level in nearly two years, and the dollar strengthened. Markets are focused on signals from the Federal Reserve on its interest rate stance at the end of its two-day policy meeting. Gold prices hit a record high of $2,195 on March 8, but fell nearly 1% last week after higher-than-expected U.S. consumer and producer price inflation in February reduced hopes for an early interest rate cut by the Federal Reserve. Because inflation may remain high and difficult to reduce. While the Fed is widely expected to keep interest rates unchanged on Wednesday, markets are awaiting comments from Fed Chairman Jerome Powell after the meeting to learn the Fed's latest interest rate expectations. Non-yielding metals remained subdued as traders awaited a decision from the Federal Reserve. In addition to issuing a monetary policy statement, policymakers are expected to update their forecasts for the U.S. economy. Growing concerns that the Federal Reserve will lower the federal funds rate (FFR) are making traders nervous. While the Fed is widely expected to keep interest rates steady on Wednesday, markets are awaiting subsequent comments from Fed Chairman Jerome Powell on his latest interest rate outlook. Today's U.S. interest rate decision will break gold's multi-day shock range. Gold technical analysis Daily resistance is 2177, support below is 2124 Four-hour resistance is 2168, support below is 2158-2124 So, don’t be impulsive today, many people’s accounts will be completely burned
OANDA:XAUUSD
by ActuaryJ
Gold Thursday Trading Analysis and Signals The current price of gold is 2186.5. The highest price today touched 2189. I think there will be room for growth in tomorrow’s trading. My recommended trading strategy is: 1/Asia-Europe trading strategy: If the golden line pulls back to the 2178-2181 range BUY2176-2180 Target 2189-2195-2200 If gold first rises to the 2189-2193 range SELL2189-2193 Target 2185-2182 sl 2/US trading strategy Buy recommendation 2168-2173 Sell pending If you don't know how to trade or you lose often. You can follow me, I will give trading analysis every day and update according to trends. Please join me and give me a like. Thanks
FX:XAUUSDLong
by WilliamChloe
2
Gold execution As mentioned earlier this week, gold entered a flag formation in anticipation of today's Fed news, poised for potential upward movement. Today, we observed a bullish surge from 2150 around 12:30, gaining 100 pips before stabilizing in anticipation of further updates. With the flag pattern broken and a strong bullish sentiment, a retracement back to 2176 followed by a retest and subsequent rise to new highs is likely. This reaffirms our belief that the journey with gold is far from over. Hopefully, everyone capitalized on these opportunities and made some gains.
TVC:GOLDShort
by samstoobad
Gold market analysis The price of gold is now $2157 From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern. Focus on Fed rate decision and Powell press conference The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference. Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts. It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year. The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices. Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDLong
by Gold_Digger_King
Gold is about to have a big market, keep shorting goldDear friends, gold is currently oscillating in the 2155-2160 area. The trend of gold is relatively cautious, and the long and short forces are also relatively restrained. This is because the Federal Reserve’s interest rate decision is about to come and Powell holds a monetary policy conference. Therefore, before the news was announced, the market performance was relatively restrained and there was not much fluctuation. This is also the reason why I set the TP relatively small when I participated in the transaction yesterday. In fact, according to the current technical level, gold fell short of expectations during its multiple rebounds. Not only did it fail to stand firm at 2170, it could not even break through 2165. And gold has consumed a lot of bullish potential in this process, and as the technical pressure above gradually moves downwards, gold's performance is getting weaker and weaker, so I personally tend to be bearish on gold. This is why I continued to short gold yesterday. At present, our gold short position still has good profits. You can continue to hold it and wait for gold to hit TP and expand profits. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
FOMC, Gold prices peak or fall sharply ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is still struggling to gain momentum and remains within a limited range, staying above the $2,150 level as we head into the European session on Wednesday. Speculation has been fueled by strong US consumer and producer inflation data released last week, suggesting that the Federal Reserve (Fed) will maintain its stance of keeping interest rates higher for a longer period. As a result, US Treasury bond yields remain elevated, which continues to support the US Dollar (USD) and puts pressure on gold, which does not provide any significant boost due to its lack of yield. ⭐️ Personal comments NOVA: Interest rate information is very important today, a lot of previous information showed that interest rates will continue to stay the same The US economy needs more time to reduce inflation, which is the factor pushing Gold prices to DOWN, facing huge buying pressure from the beginning of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2148 - $2146 SL $2143 scalping TP1: $2155 TP2: $2160 TP3: $2165 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2145 TP2: $2160 TP3: $2174 🔥SELL GOLD zone: $2175 - $2177 SL $2183 TP1: $2170 TP2: $2160 TP3: $2150 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
The downward trend continues, choose to sell high againGold is still in a volatile pattern. The short-term trend continues to be suppressed by the pressure level of 2160 on the upper trend line, and the overall recent trend is bearish. Now that the counterattack has basically arrived, you can choose to sell at a high level again! The fluctuating trend of gold prices is a good opportunity for us to sell high and buy low. Looking at the market, the key resistance levels above are at the turning point pressure of 2160 and 2163. Choosing Sell is just right! Trading is actually very simple. Choose the right direction, control the position risk, and the rest is to wait for the goal to be realized!
OANDA:XAUUSDShort
by Golden-Strategy-Master
GOLD.. at support of the quarter year#GOLD.. market at his support of the quarter year actually. We have only one region that is mentioned in chart clearly. Keep close it and keep in mind that if market clear your zone that is 2145 to 2151 Then there is no break untill downside areas. Then we have 2131 n 2121 as market immediate first areas and maybe you will see so on...... You can cash the consolidation untill didnot break your area but WHEN MARKET BREAK THEN CUTT N REVERSE IN HAND.. Please don't trade without stop loss. Good luck Trade wisely
FX:XAUUSD
by AdilHussain731333
Today’s gold price market trading analysis On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally. But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals. Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time. The latest important support and resistance levels for gold prices: Support level: $2145.10; Resistance level: $2163.40; I am more inclined to go long at low prices, going long around $2150 Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDLong
by Gold_Digger_King
Today's gold market price analysis On Monday (March 19), the price of gold is now $2,159. According to the current gold trend, gold prices will continue to fluctuate within a narrow range. Gold remains at high levels and is trading sideways in a narrow range for the time being. On the four-hour gold chart, the price of gold is still suppressed by the moving average and is below the middle track of the Bollinger Bands. The high points are successively lower, seemingly forming a downward channel. The technical indicator MACD energy column continues to remain below the zero axis, indicating that gold's situation under short-term pressure has not changed significantly. Initial support below is $2,142.15, with further levels at $2,130.66 and $2,110.45. Only if the upper limit breaks through $2,176 can the upward trend be expected to continue. Short-term gold trading recommendations: short around $2,160. Always pay attention to my signals to make the right choice from them I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDShort
by Gold_Digger_King
1
Can gold be shorted now? Gold's current rebound is basically in place, which is also in line with expectations. You can go short around 2157 The golden hourly line is one wave lower than the other, which is an obvious short position. Of course, the resistance levels naturally decrease in sequence. The K-line starts from above the moving average again and directly breaks through the moving average. It is currently moving downwards against the moving average, and the four-hour line is still Keep the moving average suppressed. At least the moving average has been moving upwards. The pause button has been pressed, and there is an obvious downward bend. Continue to look below 2140. Trading strategy: short gold 2157, stop loss 2166, target 2100, 2045
TVC:GOLDShort
by Donald-king
Gold price forecast to decreaseWorld gold prices have just experienced their first week of decline after 4 consecutive weeks of price increases. For the whole week, this precious metal price decreased by 0.8%. Last week, the US Consumer Price Index (CPI) report was hotter than expected, weak retail sales and rising PPI had a negative impact on precious metals. Recent economic data shows that inflation remains high. The market still expects the US Federal Reserve (Fed) to lower interest rates at the June monetary policy meeting, but confidence in the Fed cutting interest rates at this upcoming meeting is gradually weakening. . This week, the Fed will have a policy meeting on March 19-20. Kitco expert Neils Christensen believes that this week will be a relatively difficult week for the gold market as the Fed discusses future policy directions and provides updated economic forecasts. According to Christensen, any “hawkish” rhetoric regarding a delay in interest rate cuts could create some selling pressure on gold.
OANDA:XAUUSDShort
by carefulLion07pab