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Goldtrend

GOLD-analyze Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall progress on inflation. They said overall progress in inflation would likely set the stage for a rate cut later this year. Another report showed that initial jobless claims increased by 13,000 in the week ended February 24, to a seasonally adjusted 215,000. Today’s key data focus: the final value of the Markit Manufacturing PMI in February in the United States, the final value of the University of Michigan Consumer Confidence Index in February, the ISM Manufacturing PMI in the United States in February, and the monthly rate of construction spending in the United States in January. The important resistance range above is 2052-2055, and the support range is 2032-2038 Today you can still wait for the support range to buy, or the resistance range to sell, and make reasonable arrangements according to the funds, so that you have a high chance of making a profit. Join me and I will share my opinions every day for your reference
FX:XAUUSD
by UnknownUnicorn66789012
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut. The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies. At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest. Gold technical analysis Daily resistance is 2053, lower support is 2015 Four-hour resistance 2053, lower support 2038-26 ✅Gold operation suggestions: Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range. Pay attention to the dividing line between long and short in 2038 SELL:near 2053 SELL:near 2038 BUY:near 2038 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
PMI !! Will Gold price adjust DOWN?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is holding steady around the $2,045 mark during the Asian session on Friday. It remains within close reach of a nearly one-month high reached the day before. The release of the US Personal Consumption Expenditures (PCE) Price Index on Thursday showed that annual inflation in January was the lowest in three years. This has raised the possibility of a future interest rate cut by the Federal Reserve (Fed). However, this has not helped the US Dollar (USD) to continue its strong recovery from the 200-day Simple Moving Average (SMA). Instead, it has become a key factor supporting the precious metal. Despite this, a number of influential members of the Federal Open Market Committee (FOMC) have indicated that the central bank is not in a rush to lower interest rates. Additionally, investors believe that the Fed will wait until the June policy meeting before making any changes to borrowing costs. As a result, this supports higher yields on US Treasury bonds and limits the upward movement of gold, which does not generate any yield. Furthermore, the prevailing bullish sentiment in global equity markets is also acting as a deterrent for traders to make new bullish bets on the safe-haven XAU/USD pair. ⭐️ Personal comments NOVA: Gold price continued to benefit from yesterday's US unemployment data. increase to $2050 Zone. Strong resistance zone, in Uptrend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2032 - $2034 SL $2028 TP1: $2040 TP2: $2045 TP3: $2051 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2052 TP2: $2046 TP3: $2040 ⭐️ 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
3
GOLD - where is next support? holding or not??#GOLD... well guys market smoothly bounced from your supporting area 2028 in yesterday, that was our first supporting area in upper band range and you can see how beautifully market hold it and bounced back.. so now market have 2 areas 2041 and 2051 that will play key role in today, keep close these areas and manage your positions accordingly keep in mind guys that 2041 is single supporting area in today and it will be expensive area.. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
Gold is at the high of its shock range, choose Sell in 2037Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits. From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape! Gold price is the first to reach the upper pressure near 2036 and sell first! If there is a unilateral breakthrough in the near future, you need to stop losses immediately and follow the trend! Yesterday I said that the current market is at a high level and is oscillating. It needs to sell high and buy low within the range, and it is now at a high level within the range. So today I will no longer continue to be bullish, but sell at the current price. Specific operation details Customize it yourself. If you want to get my accurate signal, you can contact me below. Good luck to everyone.
OANDA:XAUUSDShort
by Golden-Strategy-Master
1
GOLD-Waiting for PCE data to be released Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold. From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern breaks through. If it breaks below, it will declare the end of the rebound and fall to 2015. If it breaks above, it will look at 2055. So what we need today is to wait patiently and trade according to the trend after the data is released.
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-only one area 2034.80 keep close with patience, what' next?#GOLD.. well guys market trade in range from last few decades, and i split in 2 bands as we discussed in our last vedio, so guys as you can see market every time beak your upside upper band range but then showed lower volume and dropped every time.. again market break your upside upper band high and showing thin volume, but keep close it because if volume is low then drop expected, and it will leads you towards your upper band low. watch with patience and take decision. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week. The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday. Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years. Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, lower support 2015 Gold operation suggestions: Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times. SELL:near 2041 SELL:near 2015 BUY:near 2000
OANDA:XAUUSD
by ActuaryJ
Gold’s retracement is confirmed, you can buy it directly in 2027The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027! Recently, our short-term signals have almost completely won. As far as the current trend is concerned, the gold price has entered a narrow range of fluctuations. During the range, sell high and buy low as much as possible, so as to make more profits from the limited space. However, If the price of gold chooses one direction to break through, that's when we stop! Specific strategy: buy gold in 2027, target 2045
OANDA:XAUUSDLong
by Golden-Strategy-Master
GDP, the highlight for gold price growth or not ?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold is experiencing modest gains but remains stuck within a narrow range during Tuesday's mid-North American session. This is supported by the decrease in US Treasury bond yields, which in turn weakens the US Dollar Index (DXY) by 0.05%. Currently, XAU/USD is trading at $2,034.88, showing a gain of 0.18%. Gold is hovering around the 50-day Simple Moving Average (SMA) at $2,033.48 as investors prepare for the release of the latest Personal Consumption Expenditures (PCE) report. This report serves as the Federal Reserve's (Fed) measure of inflation. Along with the most recent Gross Domestic Product (GDP) data, these factors could potentially trigger a breakout in the price of gold from its current trading range of $2,020 to $2,050. ⭐️ Personal comments NOVA: Gold price is still in an Uptrend, today's GDP news could help Gold reach $2050 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 maybe scalping $2025-$2027 TP1: $2030 TP2: $2038 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 maybe scalping $2042-$2044 TP1: $2040 TP2: $2035 TP3: $2030 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
2
GOLD-Waiting for direction selection As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot. Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March. The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today. If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041. My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position. Join me as I share my strategies and ideas every day to help you trade
FX:XAUUSD
by UnknownUnicorn66789012
Gold buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold price (XAU/USD) continues with its struggle to gain any meaningful traction on Wednesday and remains confined in a multi-day-old trading range at around $2,030. Thursday's PCE inflation data from the US could trigger the next big reaction in the pair. Gold now buy 2030 Target 2035 Target 2040 Target 2050 SL 2020
OANDA:XAUUSDShort
by JohnHarry_7
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said. Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March. Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD BEARISH PROBABILITY hello guys , i think xauusd is bearish the market structure on high time frames is brearish todays candle closed as an inverted hammer tommorow will probably be a red candle add to that the price formed a double top pattern the break out of the trendline + key level will cause a price to make a lower low lower then 1980 . DXY has a massive inverted head and shoulder so a positive addition to our technical analysis . keep in mind a bullish probability is possible too a break out of the trendline will cause a run towards 2050. but i am bearish !
EIGHTCAP:XAUUSDShort
by xAB777
2
Gold price continues to be in an increasing trend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has pulled back after reaching the 50-day Simple Moving Average (SMA) at $2,033.67 during the European session. It is currently down by 0.40% due to a decline in the value of the US Dollar (USD). The drop in gold prices can also be attributed to an increase in the US 10-year Treasury yield and traders reducing their expectations of a dovish stance from the US Federal Reserve (Fed). Currently, the XAU/USD pair is trading at $2,026.93, having reached a high of $2,037.07. Although sentiment remains mixed, there is a slight negative bias that favors the US Dollar. Speculators on interest rates have priced out the possibility of a rate cut by the Fed in March and May. However, there is a 50% chance of a quarter of a percentage point rate cut in June. The US 10-year Treasury note has increased by four-and-a-half basis points to 4.295%, but it is still below the year-to-date (YTD) high of 4.354%. This increase in Treasury yields has put pressure on gold prices as investors align themselves with the Fed officials' expectation of three rate cuts by the end of 2024. ⭐️ Personal comments NOVA: Gold price continues in an Uptrend according to the H1 Frame, waiting for the Resistance areas that Gold reaches in this Rising wave. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2020 - $2022 SL $2015 TP1: $2030 TP2: $2040 TP3: $2050 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2044 TP2: $2038 TP3: $2030 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
6
Gold Now Hello dear friends, Yesterday, the gold market experienced a rather calm trading day with no significant fluctuations. The price of gold remains stable around $2033 and maintains support above $2025. Looking at the short and medium-term trends, there is a positive outlook for gold continuing its upward trajectory. Based on recent charts, there are two main targets for investors interested in buying gold, which are $2037 and $2041. Alongside the analysis of gold price movements, the market is also awaiting the release of the Personal Consumption Expenditures (PCE) report from the United States. This inflation data is expected to provide further insight into the future direction of interest rates from the Federal Reserve, with an anticipated increase of 0.4% per month forecasted for Thursday. Fluctuations in the PCE could impact the price of gold, especially if the actual data exceeds expectations, potentially triggering a downward price adjustment for this precious metal. However, it seems that the market still believes that gold will maintain its position above $2000/ounce, retaining its attractiveness to investors. With expectations and continued monitoring of market developments and influencing factors, investors and those interested in gold will continue to observe and respond appropriately to the latest information and market trends, in order to make informed investment decisions.
OANDA:XAUUSD
by Rachel_FX
Gold breaks resistance, awaits pullback to 2031 to buyLooking at the one-hour market, gold prices are currently running above the moving average support of 2025, while the retracement is hovering around the 2031 line. The short-term retracement trend remains unchanged! As far as the technical form is concerned, I personally think that the adjustments have been made, and now is an excellent time for a long-term layout! Intraday operation 2031 buy! From a technical point of view, the gold price has already broken through the previous key pressure level of 2031, and short-term bulls have entered a new range. However, the top is facing the pressure of the four-hour downward trend line at 2050. The short-term bull target will first look at 2045, and when the gold price reaches and Decide on a new direction and make further plans! Good luck to everyone
OANDA:XAUUSDLong
by Golden-Strategy-Master