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Preciousmetals

Gold is stable waiting for a decision from the FEDDear friends, Gold continues to trade sluggishly around the $1995 mark, showing little change compared to yesterday's trading session. Market analysis: - The global precious metal is caught between escalating political tensions and expectations of interest rates ahead of the Federal Reserve's monetary policy meeting. However, we remain optimistic about this issue. Forecast for the Federal Reserve interest rate at this week's meeting: Currently, the market seems to be certain that the Fed will keep interest rates unchanged. Many believe that the important information will be the message from Fed Chair Jerome Powell at the subsequent press conference, and it is highly likely that the head of the world's most powerful central bank will maintain a hawkish tone in the context of persistent inflation. Technical analysis : Gold is facing a resistance level at $2010, so the possibility of a decline will start from here. Key support levels to watch are $1960 and $1935. This could be a catalyst for Gold to rebound in the near future. Do you agree with my analysis?
OANDA:XAUUSD
by AlselvSignals
5
BTCUSDT increased sharply, the market was hotDear readers, Escaping the discount channel has resulted in an impressive price increase. At the time of writing, the cryptocurrency market is trading below the $30,000 barrier. The upward trend is strong as it consolidates at high levels with stable trading activity on a 2-hour timeframe. As a result, there is eager anticipation for SEC approval of proposed Bitcoin exchange-traded fund transactions. This has contributed to making the market hotter than ever. It is expected that this price increase will reach $31,209. What are your thoughts on this matter? Do you agree with me?
Long
by AlselvSignals
32
Gold: Shining Bright with OpportunitiesGold is once again in the spotlight, and here’s why! Economic Cycles, PMI & Gold The US Purchasing Managers Index (PMI) is a leading indicator often used to identify turns in the economic cycle. A below 50 PMI print indicates contraction in the US manufacturing cycle, while a print above 50 suggests expansion. Generally speaking, expanding manufacturing cycles spell a boost for industrial materials, like copper, while contractionary periods spell downturns in the economy and a preference for 'flight to safety', boosting gold holdings. An interesting observation from the chart above is the correlation between the Gold/Copper ratio and the inverted US PMI, moving in tandem over the last decade. However, looking at the current scenario, the PMI has turned lower, yet the Gold/Copper ratio has remained relatively muted, suggesting that gold may currently be underpriced. Similarly, the Gold/Silver ratio shows a less pronounced but similar effect. Significant drops in the PMI below the 50 level have historically triggered notable increases in the Gold/Copper ratio. With the PMI currently below 50 for a sustained period, this might be priming the ratio for a potential upward surge. Yields, Fed Expectation & Gold As a non-interest-bearing asset, gold loses its appeal when interest rates rise, leading investors to prefer interest-yielding products. We covered the effect of a Fed rate cut on gold in a previous article here . While the Fed remains steadfast in holding rates, even the act of pausing rate hikes positively impacts gold. This effect is observed via the Gold/US10Y Yields ratio. The previous pause in rate hikes preceded a significant run-up in this ratio. Additionally, this ratio is currently near its resistance level, which it has respected multiple times over the last decade. With the Fed expected to continue holding rates, now could be an opportune time to consider adding gold to your portfolio. Gold Price Action Gold’s current price action also shows a completed cup-and-handle pattern. With an initial attempt to break higher halted, it now trades right above the handle. Additionally, gold could arguably be trading in an ascending triangle pattern, as noted by its price action as well as generally declining volume, potentially signaling a bullish continuation pattern. In summary, given the Fed's stance on holding rates, the correlation between PMI and the Gold/Copper ratio, and the bullish technical indicators in gold's price action, a positive outlook on gold seems reasonable. To express our view, we can buy the CME Gold Futures at the current level of 1962. Using the cup and handle pattern to guide the take profit level, at 2400 and stop at 1890. Each 0.10 point move in gold futures is for 10 USD. The same view can also be expressed with greater precision using the CME Micro Gold contract where the notional is one-tenth of the regular size gold contract. Here, each 0.10 point move is for 1 USD. The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description. Reference: www.cmegroup.com www.cmegroup.com www.cmegroup.com
COMEX:GC1!Long
by inspirante
9
THE KOG REPORTKOG Report: In last weeks KOG Report we said we would be looking for the higher level of 2015 to be completed. Based on the structure of the chart, we suggested that if we opened with a bearish set up, we would be looking for short trades into the 1990-95 level, and below that that 1975 price point. We then said if support holds below, we would be looking to take this back up to target that 2015 region and potentially above. During the course of the week we followed KOG’s bias of the day and Excalibur, competing the move down just below 1975 and then taking it back up just short with a Friday high of 2004. Even though the plan worked well, we were very selective with the days and times we wanted to trade Gold, and when we didn't want to touch it. All in all, a decent week on Gold and the numerous other pairs we trade. However, frustrating for traders with the ranging, FOMC and NFP in the same week and the choppy price action. So, what can we expect in the week ahead? For this week we have the a few levels of resistance that we will be keeping an eye on, 2008 and above that 2012-15 again. Support levels below 1980-75 which price needs to stay above, and below that the key levels of 1965 and below that 1955. This gives us a potential range for the week and the price points we will be looking to either short from, or long from. We’re expecting a bit of a choppy Monday on the markets, so potential for more ranging and whipsawing price action. Our plan for the week is similar to last week, where if the price attempts to target the high, we’ll look for the resistance levels to hold, and based on a clean set up feel an opportunity to short the market back down into the 1980 level initially could be on the horizon. Breaking that level and turning it into resistance will give us more confidence in price attempting lower price points as shown on the chart. On the flip, if price does continue to the downside from open, we will initially be looking for the break of that 1980 level before attempting any trades. If that level holds price up, an opportunity to long back up into the 2008 and above that 2012-15 price region could be on the cards, before we then see a reaction in price to come back down. It’s going to be another difficult week on the market’s traders, and we feel there is a curveball on the way, so please don’t think these are your average market conditions. They’re extremely fragile and choppy, your lot sizes, risk management and knowing when to trade, when not to trade them are imperative. KOGs bias for the week: Bullish above 1980 with targets above 2008 and above that 2012 Bearish on break of 1980 with targets below 1965 and below that 1955 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
Major Update: Falling Wedge BreakoutMarkets (stock, crypto, forex, precious metals) may be in big trouble if the weekly close tomorrow remains above this wedge, and we head north of the two targets posted above. TVC:DXY has broken above a falling wedge after testing the top of monthly support. On its attempt to test monthly support, over two weekly candles, both closed above it and wicks failed to move below it. It reacted strongly to this making a move back above weekly support, which also served as a successful re-test for the center of a larger W or double-bottom pattern targeting the same areas (112-118 approximately): If you've followed my previous posts about DXY, I believe it is on a long path back towards its ATH. This is due to another falling wedge that can be seen when zooming out to its full-history; as shown below on the 2 week timeframe: Even with a conservative measurement it exceeds its ATH from early 1985. If this gets and holds above the bright red box, market(s) troubles may be around the corner. A previous post about this update can be found here: For an example of how markets react to movements in DXY, typically with macro negative correlation, see this example from Bitcoin vs. DXY: Additional related ideas including the two above are also linked below under the Related Ideas section. Thank you for reading, I'd love to hear your thoughts on what might be positively correlated with this movement, should it occur, or why I may be wrong about any of this. -dudebruh
TVC:DXYLong
by dudebruhwhoa
16
Gold recovers slowly but has not disappeared ?Hello dear friends! Just like yesterday, gold experienced strong fluctuations after the evening news and quickly returned to the previous trading level around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US Dollar and the low interest rates of the US Treasury bonds as they attempt to stabilize after significant losses caused by the uncertain policies of the Federal Reserve. On the 4-hour analysis chart: Although gold is still limited below $2000, the long-term upward trend is still strongly supported. The strong support level at $1977 continues to serve as a good support for this precious metal. If the recovery of gold prices gains momentum, an immediate resistance level will be seen at the highest point on Wednesday, which is $1993, and above that, the $2000 level will be retested. Acceptance above the multi-month high of $2009 is crucial for a recovery towards the highest levels seen in May near $2020. What about you? Do you think gold will continue to rise? Or are you hoping for a decrease in gold prices?
OANDA:XAUUSD
by Karina_Bella
3
The road higher will be bumpyWhile bullish in the long term, we are still awaiting further pullback in the price of gold after its impressive run above $2,000. Right now, we are paying close attention to support and resistance levels near $2,009, $1,985, and $1,959. If the price of gold manages to hold above $1,985, it will be positive; the same applies to the breakout above $2,000 and resistance near $2,009. However, if the price fails to stay above the mentioned level, and we see more decline in RSI and Stochastic on the daily chart, it will alert us to more downside; in such a case, we would expect gold to drop below $1,960 (and maybe even to as low as $1,925). Yet, regardless of our opinions, it is important to note that there is a FOMC meeting scheduled for today, which can have a volatile impact (to either side) on the price depending on the FED’s decision and the chairman's tone during the press conference. Illustration 1.01 Illustration 1.01 portrays the daily chart of XAUUSD and simple support/resistance levels derived from particular peaks and troughs. Illustration 1.02 The image above shows the daily chart of RSI. The yellow arrow indicates a bearish crossover below 70 points, which raises our suspicion (though it still could be just a fakeout). Technical analysis Daily = Bullish Weekly = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
27
GOLD -Strong buying force, gold price maintained at a high levelHello, wonderful Karina friends! What do you think, will the price of gold increase or decrease today? Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level. Despite the increase in US bond yields and the strengthening of the USD, gold continues to rise in value due to investors flocking to this precious metal to seek safety for their assets amidst the escalating conflict in the Middle East. This is the main reason why gold remains stable at a high price range. Regarding the expected future price of gold: The market is eagerly awaiting this week's monetary policy meeting by the Fed. Investors should pay attention to the monetary policy decisions of the Bank of England and the Bank of Japan. This week is also crucial for the US labor market, with the release of the non-farm payroll report for October scheduled for Friday. Until these news releases, gold trading will become more enticing than ever! Wishing you all good luck.
OANDA:XAUUSD
by Karina_Bella
3
Gold prices today: Trading around the $2000 mark.Hello Karina's friends, At the opening of today's trading session, gold has started to decline slightly by around $10 from $2006 to $1996. However, on larger timeframes such as the 4-hour and 1-day charts, they are supporting an upward trend, and the 1-hour chart shows the same. It can be seen that after gold once again touched a strong psychological resistance level at $2000, investors who wanted to sell quickly pushed back this price increase. However, it is expected that gold will not decrease significantly, with a possible limit around $1985 in the vicinity of the 89-EMA zone, followed by a return to the upward trend of this precious metal. The next target will be $2015, which is a resistance level mentioned in the analysis. This week, we will receive a lot of important information, including the Fed Chairman's interest rate decision speech on November 1st and PMI data on November 3rd. These pieces of information will answer all our questions as they will have a significant impact on the price of gold. At that point, the next move for gold will become clearer.
OANDA:XAUUSD
by Karina_Bella
7
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we would like to see how the market opened and how the lower support regions 1975 and below that 1968 would hold up price. Based on these levels holding we suggested opportunities to long the market to firstly attempt the break of the 2000 level and then the target region of 2015. We gave the order region 1950-55, price bullish above, and KOG’s bias of the week level 1970 bullish above with target levels 1999 and 2015 for the week. As you can see, price did hold above with a slight dip lower than 1968 but we stuck with KOG’s daily bias which was shared daily with traders and completed not only the 1999 level, but also numerous level to level gold targets on the way up with 2015 still open! A great week for us on the markets, not just on Gold but the numerous other pairs we trade and share netting a phenomenal pip capture for our traders. So, what can we expect in the week ahead? To start with, with can expect more aggressive price action across the markets so please trade carefully, or, don’t trade at all. Money is also made while sitting and cash in your account is a position in the market. New traders should ideally be watching and practicing, using this time to further educate themselves and develop their strategies. These markets are only after one thing, your money! If you get this wrong, it can go horribly wrong, so levels, entries, exits and your risk model are really important. The chart shows the levels for the week we have highlighted with the key reaction zones we’ll be looking at. We’re still open for last week’s target level at 2015 but a pull back would be ideal. For that reason, if we start with bullish momentum into that resistance level and hold, based on a clean set up, we feel an opportunity to short the market is on the cards, initially into the immediate support 1995-90 and then below that 1975. Our bias remains as bullish above, however, there is a chance there may be some profit taking this week, so expect the unexpected, if that level breaks, we’ll be looking lower into the 1950-55 region to then attempt the long trade. On the flip, if we start the session and week with a move to the downside, we will be looking for immediate resistance levels to hold and take this down into that 1975 region level to level on the short side looking for support levels to hold in order to take this back up into that 2015 level and above that 2022. We’ll use our daily bias and targets as well as the red box strategy together with our trusted Excalibur to guide us. What we don’t want to do here at this point of the market is buy upside when there is potential for this to correct some of this move. So levels are key here! Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
Gold price is falling, is there a chance to reach 2000 USD?Dear fellow comrades, the price of gold has experienced significant fluctuations today as the financial investment community increases its demand for the "greenback." This has propelled the USD Index to reach 106.27 points, leading to a strong increase in the value of the US dollar. Meanwhile, crude oil prices have dropped to $83.25 per barrel. Moreover, the financial market has become optimistic as Israel postpones its ground attack on Gaza, hoping that Hamas will continue to release hostages. Due to these reasons, gold has entered a period of decline. Most gold investors, like ourselves, are gradually learning to coexist with the conflicts in the Middle East. Regarding the analysis of gold for this week: A potential upward trend will be considered, which could provide momentum for gold to reach $2000. What are your thoughts on this matter?
OANDA:XAUUSD
by AlselvSignals
Long-term analysis of Gold this weekDear friends, Gold has maintained its good upward momentum from yesterday's trading session, although the price has slightly decreased and is currently trading around $1970 - $1972. Selling pressure has increased after gold experienced a strong rally, with investors taking profits as the US dollar shows signs of a strong rebound. The situation remains unpredictable as economies around the world have yet to show clear positive signals. Therefore, the US GDP report for the third quarter will be released on Thursday (October 26th). The Personal Consumption Expenditures (PCE) index will be announced on Friday (October 27th), along with other economic reports that we need to wait for. These reports will provide us with clearer directions. From my personal perspective, a downward trend and the support level at $1950 could potentially act as a catalyst for gold to rebound. The ongoing conflict in the Middle East and the continued upward trend make it a favorable opportunity for gold buyers.
OANDA:XAUUSDLong
by AlselvSignals
12
BTCUSDT responded to the bear, the upcoming big pushDear valued readers, The cryptocurrency market has experienced an impressive price surge, as the excitement surrounding Exchange-Traded Funds (ETFs) has driven up the price of BTC. At the time of writing, the cryptocurrency market is currently trading around $34,000, reflecting a 20% increase over the past seven days. The strong upward trend is reinforced by consistent trading activity on a daily basis. As a result, there is great anticipation for the impending approval of ETFs, particularly following the SEC's decision not to appeal the court ruling that requires them to consider Grayscale Investment's ETF application. This has contributed to an even hotter market than ever before. It is expected that this price surge will reach $40,019. What are your thoughts on this matter? Do you agree with me?
Long
by AlselvSignals
5
Update gold price at the beginning of the week! Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3 On the global front: - Political tensions in the Middle East remain unresolved and continue to escalate. - The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures. Result: Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts. On the technical side: - Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized. Expectations and forecasts for gold prices this week: This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark. Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
OANDA:XAUUSD
by Karina_Bella
2
What is special about gold price this week?Hello dear friends. As predicted by Karina earlier, as soon as the gold trading session began, it immediately turned around and declined to the level of 1975 USD. Karina had previously mentioned that after breaking out of the trend channel, gold is likely to return to test the previous breakout area to confirm the official uptrend. Additionally, the price is moving away from the EMA, so it needs to return to that previous area. Therefore, it is normal to see gold rising and then suddenly decreasing in price. Currently, gold is facing resistance at the level of 1980 and based on this possibility, the downward momentum may target support at 1845 USD. After that, the upward trend will officially resume and be established.
OANDA:XAUUSD
by Karina_Bella
7
Gold price today: breakthrough price increaseHello traders! Yesterday, gold received important information from the speech of the Fed chairman, and it reacted strongly as the price continued to rise and is currently trading at $1886, an increase of about $13 in a day, reaching the previously set target of $1970. The recovery of the precious metal is supported by the decline of the US dollar (USD) after cautious comments from Fed Powell, and gold has become a safe haven for investors as tensions in the Middle East continue to escalate. From the analysis chart: The downward trend line has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level of $1980. If it can surpass this resistance level, there is a possibility of further price increases.
OANDA:XAUUSD
by Nolan_Signal
Gold also increased sharply this week?Hello traders! After a tremendous increase in the price of gold last week, reaching an impressive figure of up to 1996 USD, we are now witnessing a slight decline in this precious metal at the beginning of this week. Currently, gold is trading at 1970 USD, experiencing a decrease of approximately 10 USD in a day. From analyzing the gold chart, it can be seen that a new peak is gradually forming at the highest price level in the past two weeks. However, Nolan still holds a positive outlook on the possibility of gold rising. If this is a formation of a Dow pattern, using the Fibonacci retracement tool, the reasonable decline level for gold could be prioritized at 0.618, equivalent to 1926 USD or 1948 usd, and then the upward trend would continue to develop. Another supporting factor for gold is the ongoing tension in the Middle East. Gold becomes attractive to investors who seek to preserve capital amid market turmoil. This leads to massive buying of gold and pushes its price higher.
OANDA:XAUUSD
by Nolan_Signal
$GOLD -Where to Next! (TP1 Hit / ~16.000 Pips) *Game-PlanTVC:GOLD On the previous Quarterly Idea released as a macro/investor POV for TVC:GOLD , a *3M(monthly) area was given as an entry point in terms of market structure. We received a great entry on a Quarterly Level *3M. Salute to everyone of you who took action upon it. Sure did the members of bingX copy-trade community. " Where 2 Next for TVC:GOLD !? " -Fundamentally speaking, safe-heaven assets the likes of Bonds TVC:US10Y , MIL:BTC and TVC:GOLD have sky-rocketed recently and they are on a very desirable highlight right now. So did Crude Oil ICEEUR:BRN1! due to 'WAR' break-out from Israeli Occupiers towards the People of Palestine. The on-going 'WAR' or better said, Ethnic Cleansing, must be observed on the following week(s) to come. Upcoming week (the last week of October) is packed with GDP Q3/2023 reports from various countries, (US,EURO-ZONE,UNITED KINGDOM, GERMANY, ITALY) - TA speaking, a pull back in TVC:GOLD in terms of price action to S/R resistance + Recent Demand area would be very beneficial for uptrend resumption, in order for the TVC:GOLD market to test buyers and sellers . This level should hold, otherwise Changing Character at 1.910$ would suggest price to behave on a more steeper fashion , headed on lower areas at 'alternative SL trail' *D Level or even down further South. This scenario would invalidate the recent uptrend of 10%+ in 10 days on $GOLD. *** NOTE This is not Financial Advice ! Please do your own research with your own diligence and consult your own Financial Advisor before partaking on any trading activity with your hard earned money based solely on this Idea. Ideas being released are published for my own trading speculation and journaling needed to be clear on different asset classes price action.
TVC:GOLD
by Mr_J__fx
Gold price promises a new high level in the near futureDear beloved friends, Currently, the price of gold is experiencing an upward trend, reaching above the threshold of $1,900 per ounce in the trading session on October 13th. It has closed at its highest level in three weeks, driven by the escalating tensions in Israel, which have increased the demand for gold as a "safe haven" during times of uncertainty. As the Federal Reserve (Fed) is nearing the end of its tightening cycle, the resistance that monetary policies have exerted on gold throughout most of 2023 is starting to weaken, presenting an opportunity for gold to rebound. From the analysis chart: Gold is showing signs of breaking the downward channel, with a breakout at the $1,932 level. Additionally, the trendline continues to provide support for the precious metal. It is expected that a price increase may continue this week, with long-term targets set at $1,960 and $2,015. What are your thoughts and ideas about the upcoming gold price?
OANDA:XAUUSDLong
by Karina_Bella
7
Stable trading EURUSD waiting for new news!Hello dear friends! Today, EURUSD continues to trade quietly around the resistance area of 1.0577, and it seems that there is no clear trend in place for the day. However, from the chart analysis, Karina noticed that the price of EURUSD is gradually narrowing along with the movement within the range of the EMA 34 and 89. Therefore, the price is not expected to change much in the near future, with trading anticipated to be within the range of 1.060 - 1.052. A breakout could lead to significant changes for EURUSD, but it is unlikely to happen this week. What do you think, will EURUSD rise or fall?
by Karina_Bella
Gold - continue to increaseHello dear friends! Today, the price of gold is fluctuating around $1,950 after retreating from its two-month high of $1,962 in early Thursday trading. The recovery of the precious metal is bolstered by increasing geopolitical tensions in the Middle East, which are driving safe haven flows. In the short term, the 4-hour chart indicates a potential downward correction, with a expected retreat to the support level of $1,926 (where the 34 EMA is acting), although it also shows that the upward trend in XAU/USD is still intact. Support levels: $1,938, $1,926, $1,912. Resistance levels: $1,962, $1,978, $1,987.
OANDA:XAUUSDLong
by Karina_Bella
2
The Gold Odyssey - Breaking out of top consolidation finallyIF you had been following the series of The Gold Odyssey, you would know how well the probabilities are in the analyses. To the point, Gold is ready to break its almost three year consolidation (huge) range. 1. You can see the powerful reversal off the mid-range support; 2. The candles show and project good momentum to follow through; 3. A trend line breakout already just happened with the week not closed yet; and 4. MACD and VolDiv are only starting to align for a good bullish breakout. Incoming!!!!
COMEX:GC1!Long
by Auguraltrader