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The short-term gold market is difficult to predictLast week, the Federal Reserve's preferred inflation measure was the newly announced personal consumption expenditure index (PCE). PCE increased 2.8% over the past 12 months, higher than expected. The US central bank indicated in its latest meeting minutes that higher-than-expected inflation could force it to adjust the pace of its easing cycle. The market still predicts the Fed will cut interest rates by 25 basis points in December and will continue cutting until early 2025. In addition to Trump's social media posts, markets will focus on key economic data this week such as jobs data. If the employment situation is not as expected, gold prices may increase again. A stronger labor market could make an interest rate cut unlikely this month. Investors who record profits can rest assured. In the long term, market sentiment is quite optimistic. Many analysts believe that gold price will reach 3,000 USD/ounce next year. 🔥 XAUUSD BUY 2627 - 2625🔥 💵 TP1: 2640 💵 TP2: 2650 💵 TP3: OPEN 🚫 SL: 2618
OANDA:XAUUSDLong
by FalCol_TradingMaster
The US has begun to enter a cycle of lowering interest rates.Currently, the world is witnessing the monetary tightening cycle coming to an end. Many countries, including the US, have begun to enter a cycle of lowering interest rates. Minutes of the US Federal Reserve (Fed) published on the night of November 26 (Vietnam time) mentioned that the US needs to gradually lower interest rates. However, it also recorded signs of Fed Chairman Jerome Powell losing control, with board members uncertain about what the long-term interest rate target will be. Market signals show that there is a nearly 60% chance that the Fed will reduce interest rates for the third consecutive time at its meeting in December. In 2025, the Fed will also likely reduce a few more times. The USD will be under downward pressure even though the US economy is expected to improve after Mr. Trump takes office. Gold prices will likely continue to be supported and maintain an uptrend lasting from the end of 2023 until now. Most experts forecast that gold is still in an uptrend. However, this commodity is likely to continue to fluctuate strongly as the world becomes increasingly complex. Mr. Trump's policies and policy statements may continue to impact markets, causing commodity prices to fluctuate sharply.
TVC:GOLDShort
by FalCol_TradingMaster
World gold price decreasedDespite the decrease, world gold still maintains the level of 2,630 USD/ounce. Neils Christensen - an analyst at Kitco News commented that gold prices are anchored high as this precious metal continues to reflect uncertain geopolitical changes related to the upcoming administration of President-elect Donald Trump. . However, one market analyst still expects the gold bullish trend to continue until 2025. In a recent interview with Kitco News, Nitesh Shah - Head of Macroeconomics & Commodities Research Model at WisdomTree, said he expects the US dollar to fall by 2025, creating favorable conditions for gold prices to rise. At the same time, Shah said that the Federal Reserve's (FED) easing cycle will help push bond yields lower, another positive factor for higher gold prices. The newly released minutes of the FED's November meeting provide important information about the central bank's economic outlook. Fed officials expressed growing confidence in the economy's trajectory, especially regarding inflation and the labor market. The minutes showed policymakers believe inflation is gradually moving toward the Fed's 2% target and that the labor market is currently strong.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Russia-Ukraine tensions appear to be spreadingRussian President Vladimir Putin today, November 22, announced that the test of a medium-range missile complex carrying an Oreshnik supersonic warhead was successful. A day earlier, Russia attacked the Southern Machine Manufacturing Factory (Yuzhmash) in Dnipro (Ukraine), saying this was a move in response to Ukraine's use of ATACMS missiles supplied by the US with Storm Shadow missiles from the UK. This week, gold prices increased by 5.7% - recording the strongest weekly increase since March 2023 - when the local banking crisis in the US broke out. The price has increased for 5 consecutive versions, for a total of more than 170 USD. Gold is the preferred tool during any political, economic upheaval and low interest rates. The price went up despite the Dollar Index reaching a 2-year peak today and Bitcoin setting a new record at 99,768 USD per coin. The gold market also ignores that the probability of the US Federal Reserve (Fed) easing monetary policy next month is gradually decreasing. Investors currently forecast that the possibility of the Fed cutting interest rates is only 53%, down sharply from 82% last week. 🔥 XAUUSD BUY 2672 - 2670🔥 💵 TP1: 2680 💵 TP2: 2690 💵 TP3: OPEN 🚫 SL: 2660
OANDA:XAUUSDLong
by FalCol_TradingMaster
The yellow precious metal recovered as the USD weakened.The yellow precious metal recovered as the USD weakened. The DXY index measuring the greenback's strength fell to 106.21 points. However, US Treasury bond yields continue to rise, leading many experts to limit gold's gains. According to analyst James Hyerczyk at FX Empire, the gold recovery occurred when the USD temporarily paused below its highest level in a recent year, making gold more attractive to investors who do not use it. Use USD. Hyerczyk emphasized that the 2,604.39 resistance mark is “an important technical level” that traders are watching closely. “If this level is sustained, the price could rally sharply, towards the 50-day moving average at 2,653.63 and the retracement zone from 2,663.51 to 2,693.40,” he said. However, Hyerczyk warns that if there is renewed selling pressure at higher levels, this could indicate continued downward pressure on gold prices. Conversely, he said a fall in gold prices below 2,536.85 would signal weakness and the potential for a deeper decline towards the 200-day moving average at 2,403.46. He also added that traders will closely monitor comments from Fed officials this week for a clearer view of monetary policy. “Upcoming US economic data, such as housing and manufacturing reports, will also influence the direction of gold prices,” he said.
OANDA:XAUUSDShort
by FalCol_TradingMaster
The gold market experienced sell-offs.Experts believe that the market's adjustment phase is a "temporary" reaction to Donald Trump's re-election as US President and maintains his opinion in favor of increasing gold prices in the near future. During the question and answer session this morning, Governor of the State Bank Nguyen Thi Hong shared that "gold is also a headache for the world". She informed that before the State Bank intervened, the international price per ounce was about 2,300-2,400 USD, but has now increased to around 2,700 USD. Compared to the beginning of the year, precious metals have increased by more than 50%. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
TVC:GOLDLong
by FalCol_TradingMaster
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October. This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday. According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
OANDA:XAUUSDShort
by FalCol_TradingMaster
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility." Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%. Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy. Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment. Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold increased before the US presidential electionWorld gold prices increased, with spot gold increasing by 12.5 USD to 2,788.1 USD/ounce. Gold futures last traded at 2,798.6 USD/ounce, up 17.5 USD compared to yesterday morning. Gold continues to benefit as uncertainty ahead of the US presidential election boosts shelter demand for this precious metal. According to RJO Futures senior market strategist Daniel Pavilonis, there are many factors that are supporting gold and could push prices higher. He predicted that the price of this precious metal could reach 2,850 USD/ounce. Saxo Bank's head of commodity strategy Ole Hansen said that gold prices increased due to uncertainty related to the election results and the market is pricing in further interest rate cuts by the US Federal Reserve (Fed). again next week. He emphasized that the weakness of the greenback is also supporting gold. According to OANDA senior market analyst Kelvin Wong, the results of the US election have an impact on gold. He believes that, soon, spot gold will face resistance at $2,800/ounce, then $2,826/ounce. Currently, the US presidential election has entered a sprint race, with recent polls showing that the race for the White House is still very fierce. The gap between the two candidates, Vice President Kamala Harris and former President Donald Trump, is extremely tight.
OANDA:XAUUSDShort
by TheLeader_WOLF
1
Even as the Fed ramps up adjustments, gold still risesGold Talking Points: I went over gold in-intensity in yesterday`s webinar, and this morning updates given the metal`s persevered charge motion with bulls pushing as much as some other ATH simply interior of the 2790 degree. The contemporary pullback feels just like the earlier episode, whilst gold stalled in advance of a check of the 2700 mental degree. In that iteration, expenses then constructed a bull flag formation as 3 weeks of sideways grind regarded earlier than consumers had been in the end capable of pressure a push up and thru the subsequent large discern at 2700. The banner 12 months for gold has persevered and this morning delivered but some other sparkling all-time-excessive into the mix. At this point, charge held highs simply about $10 interior of the subsequent important mental degree of 2800 and this resembles closing month`s episode whilst gold bulls shied farfar from 2700, at the least initially. The excessive then held at 2685 and a bearish channel advanced thereafter, which, whilst all for the earlier bullish fashion made for a bull flag formation. Given the resistance that has been in region so far, simply across the 2800 degree, I assume this is the subsequent degree that wishes to be accepted. And we formerly had reputation on the 2750 degree after guide confirmed there, which is clear at the two-hour chart below. So, ideally, any corresponding retracement will stay above the preceding better low to hold the door open for bullish momentum setups.
TVC:GOLDShort
by FalCol_TradingMaster
Gold futures prices have reached a new all-time highThe first factor that draws interest at the every day chart is the breakout above the top border of the pink consolidation (…) What does this suggest for gold futures? The capacity bullish situation should take the rate to the $2,800 barrier or maybe around $2,825, wherein the dimensions of the rally could correspond to the pinnacle of the cited pink consolidation. From the cutting-edge factor of view, we see that the scenario evolves in keeping with the above situation and the shoppers have done the primary goal cited in advance today. Thanks to this rate movement, gold futures fees additionally reached a brand new document excessive of $2,801.65. However, given the breakouts cited above throughout all 3 formations, we should see a upward push to around $2,786, wherein the dimensions of the rally could correspond to the peak of the consolidation brown (2d upside goal). At this factor, it's far really well worth noting that during this place there may be additionally the 127.2% Fibonacci extension level (primarily based totally at the October 23 excessive and low), which serves as technical resistance. Therefore, it's far really well worth looking the conduct of the bulls on this place - mainly whilst we keep in mind the closeness to the formerly damaged decrease border of the very brief grey uptrend channel term (presently at around $2,787.30), which can entice dealers to the exchange.
OANDA:XAUUSDShort
by FalCol_TradingMaster
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7. Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said. 🔥 XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%). According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset. Increased safe-haven demand for gold has helped push gold prices toward all-time highs. Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan. Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday. 🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSD
by FalCol_TradingMaster
AUD Gets a Pullback . Are We just Before The Big Move up ? AUD/JPY Analysis: First of all, we can agree that AUD/JPY OANDA:AUDJPY is overall bullish. However, after reaching the order block at the current levels, we might see a price retracement after a rejection. Historical performance suggests that we could experience a pullback later this week. JPY Strength: The JPY PEPPERSTONE:JPYX seems to be gaining strength, at least for now. Market Structure: We’ve got a swing CHoCH (Change of Character) on a higher time frame, indicating that a pullback before a continuation of the upward trend seems to be the right approach. Gold Correlation: Gold TVC:GOLD is also at its highest, and a potential price pullback could align with the expected retracement in AUD/JPY. Short-Term Outlook: Short Position: In the short term, a pullback presents a good shorting opportunity for AUD/JPY. We just got to The golden Fib level Had a Bearish Liquidity grab and got the minor reversal signal on the Oscillator Matrix. would be great to confirm the structure change on the lower Time Frame Long-Term Outlook: Long Position: Long term, the overall bullish trend remains intact, so longs are still the preferred direction. For a major short, we would need to see the price reach significantly higher levels than where it is now.
Short
by GlebalTrader
World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning. Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions. According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally. 🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors. 🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones. ➡️Buying range: 2712,000 - 2715,000 ➡️Selling range: 2740,000 - 2743,000
OANDA:XAUUSDLong
by FalCol_TradingMaster
Can we accept as true with gold`s SELL signal?We acquired an apparent promote sign on Wednesday with a key reversal candle printing at the every day timeframe. However, one have a take a observe latest records indicates we've acquired masses of topping indicators and styles this year, but none generally tend to final long. That by myself makes me cautious of the bearish sign, particularly with the charge persevering with to fashion better throughout severa timeframes. Given how strongly gold has traded recently, there can also additionally had been an detail of profit-taking up Wednesday to plug losses in different asset classes, particularly constant profits markets. The unwind additionally got here from oversold degrees on RSI (14), hinting short-time period positioning changed into turning into lopsided. Those searching at capability setups may want to use the uptrend strolling from the lows struck on October 10 to construct trades around. It`s observed around $2720 today. If the charge manages to maintain above the uptrend, you may purchase in advance it with a decent forestall beneath for protection. The apparent exchange goal will be the file excessive of $2758.55. 🔥 OANDA:XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 OANDA:XAUUSD Sell limit 2740 - 2738 🔥 ✔️ TP1: 2730 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2748
OANDA:XAUUSD
by FalCol_TradingMaster
Gold prices change constantlyThe correlation evaluation underneath seems at the connection among gold and silver during the last fortnight with some of marketplace indicators. Gold is at the right, silver at the left. From pinnacle to bottom, we've got the form of the Fed budget futures curve from October 2024 to December 2025 in black, presenting a manual on price reduce pricing, US two-12 months yields in blue, US 10-12 months yields in green, the United States greenback index in crimson and 10-12 months actual bond yields in red which measures nominal yields much less anticipated inflation over the following decade. To placed matters into perspective, pastimes and the greenback have risen sharply over the last 10 days. However, regardless of this, gold and silver are an increasing number of correlated with this alteration regardless of being their conventional enemies. It`s now no longer superb how gold and silver are appearing on this surroundings and but there may be not anything extra than hobby costs and bonus charge fluctuations which are using the valuable metals markets. Does protection have an absorption path? Lam charge anticipated to be higher? Increased monetary penetration? Russia's sanctions avoidance order? Those are the famous theories, even though it is hard to select out which one, if any, is the actual using pressure proper now. One component we do understand is that gold and silver retain to fashion higher. 💎 TVC:GOLD Buy limit 2714 - 2712 💎 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 💎 TVC:GOLD XAUUSD Sell limit 2740 - 2738 💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2748
TVC:GOLDLong
by FalCol_TradingMaster
Xauusd prices increased in the context of the US also climbingWorld gold prices are also supported when the money flow into the US stock market shows signs of decreasing after the Dow Jones, S&P500, and Nasdaq indexes have all continuously set records in nearly 5 months. The race for the White House is getting into a dash phase, very fierce with symptoms and symptoms of a reversal toward Donald Trump. The election will take location on November 5. This is taken into consideration to be a turning factor for the gold market. Many human beings consider that Mr. Trump can clear up geopolitical conflicts in a few areas, thereby riding down gold prices. However, many human beings are afraid that Mr. Trump`s strong-arm guidelines may want to shake the world. Many specialists expect that each Mr. Trump and Ms. Kamala Harris will step up pumping cash and stimulate the economic system if elected. Besides, gold additionally advantages whilst americaA maintains to reduce hobby costs as planned.
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold price may rise to $3,000 by the end of this yearBusinessInternationalWednesday, October 23, 2024, 08:34 (GMT+7) World gold prices increased again The need for shelter when geopolitical tensions escalated pushed gold prices to a new peak, at 2,748 USD an ounce. Closing the trading session on October 22, the world spot gold price increased nearly 30 USD to 2,748 USD per ounce. This is a new record high for the precious metal. "Geopolitical tensions are still the main cause. The US presidential election will take place in two weeks and the race is still very close. Political instability is driving up the need for shelter." The latest Reuters/Ipsos poll shows that Vice President Kamala Harris's support rate is currently 46%, slightly higher than former President Donald Trump's 43%. "This closeness is creating a situation of uncertainty. This environment is beneficial for gold," said analysts at BNP Paribas bank. Grant predicts that if tensions in the Middle East continue to heat up, the price could rise to $3,000 by the end of this year. Since the beginning of the year, the price has increased 33% and continuously set new peaks. 💎 OANDA:XAUUSD Buy limit 2724 - 2722💎 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2716 ➖➖➖➖➖➖➖➖ 💎 OANDA:XAUUSD Sell limit 2750 - 2748💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2758
OANDA:XAUUSDShort
by FalCol_TradingMaster
Xauusd prices decreased slightly during many hot daysThe world gold price sometimes reached 2,740 USD/ounce but then suddenly reversed and dropped sharply. At 6 a.m. on October 22, today's gold price dropped to 2,720 USD/ounce. According to analysts, the international gold market fluctuated wildly in the context of many investors selling to gain profits. Gold price today, after many days of hot increases, was forced to go down. Meanwhile, US bond interest rates increased to 4.1% - the highest level in the past 3 months. That means bond values ​​decline, motivating investors to sell gold and shift capital into bonds. Gold price today naturally decreased. Gold, which is considered a hedge against political and economic instability, has increased more than 31% since the beginning of 2024 until now. Gold prices also broke many records when the US's move to cut interest rates combined with the need for safe haven capital created a storm in the market. 💎 XAUUSD sell 2734 - 2736💎 ✔️TP1: 2731 ✔️TP2: 2721 ✔️TP3: OPEN 🚫SL: 2743
OANDA:XAUUSDShort
by FalCol_TradingMaster
Xauusd price is likely to be $3,000World gold prices increased in the context of the USD index falling. Recorded at 9:20 a.m. on October 21, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,749 points (down 0.08%). Over the past year, gold bars - a commodity considered a hedge against political and economic instability - have increased more than 31%, breaking many records. The US Federal Reserve's (FED) interest rate cuts combined with safe haven demand have created a perfect storm for gold. According to senior market strategist Daniel Pavilonis of RJO Futures, developments ahead of the US election and geopolitical developments in the Middle East are supporting precious metals. President of Phoenix Futures and Options - forecasts that interest rates will decrease and gold is ready to conquer new milestones. He believes that gold prices will reach $3,000/ounce in the first quarter of next year. In the coming time, gold prices will still be affected by the FED's interest rate management. According to CME's FedWatch tool, US inflation has been contained, the market is expecting a 92.2% chance that the FED will cut 25 basis points and a 7.8% chance of keeping current interest rates unchanged. meeting on November 7. 💎 XAUUSD sell 2734 - 2738💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2744
OANDA:XAUUSDShort
by TheLeader_WOLF