Get started

Signalsfree

XAUUSD : Gold awaits US economic dataGold's implied volatility from the derivatives market remains low and there are few signs of a spike. Typically, gold prices increase during periods of high volatility and decline during periods of lower volatility. However, weakness in the USD and US government bond yields on Tuesday helped prolong gold's rally. Gold prices tend to move inversely to the USD because the weakening of the greenback allows investors to buy the precious metal at lower prices. Gold is performing well as markets weigh up interest rate cuts in 2024. At the end of last year, 2024 was seen as a strong year for gold as interest rate cuts were expected coming as early as Q1, with about six 25bps cuts priced in for the Fed. Lower interest rates make precious metals more attractive, along with geopolitical tensions continuing to increase. However, markets later downgraded the valuation to three rate cuts for the year. Therefore, government bond yields have increased again but gold still maintains its price quite well. According to a report from Reuters, in January, net imports of gold into China via Hong Kong reached their highest level since mid-2018, central bank purchases helped support gold prices along with the The middle class seeks to preserve assets in the context of difficulties in the real estate sector. Gold is currently near trendline support, with the 50-day SMA as current resistance. The $2050 level is a hurdle for the bulls while a dip to $2010 would push the precious metal towards $1985 but for now gold is unlikely to break out strongly unless the US Q4 GDP data or the PCE index surprise.
OANDA:XAUUSD
by SantaTradeGold
1
XAUUSD : Waiting for upcoming US economic dataGold rebounded to $2,040 following a decline in US unemployment claims, with focus shifting to key economic data next week. Over the past week, gold prices fell to $2,020 following PMI data and US unemployment claims on Thursday but then recovered to $2,040 heading into the weekend. In the context that Fed officials are not yet ready to cut interest rates and the S&P 500 has increased recently, precious metals are not expected to break out at present. Gold is currently trading at $2,033. Next week, the market will receive many important economic data including the consumer confidence report, US GDP data and the core PCE index - the Fed's preferred inflation measure.
OANDA:XAUUSD
by SantaTradeGold
BABA Alibaba Options Ahead of EarningsIf you haven`t exited BABA when SoftBank sold its huge stake in the company: nor reentered the technical rebound: Then analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week, I would consider purchasing the 75usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $4.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:BABALong
by TopgOptions
XAUUSD : Is gold likely to return to 2010?Gold fluctuated slightly as markets remained cautious in a week with few important data Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal. During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's upward momentum slowed. Geopolitical tensions in the Middle East continue to be a concern as the US has increased its response actions against the Houthi rebels. Gold's resistance remains at $2,050 and support appears at $2,030.80. Gold is currently down slightly to $2,034. Fed officials' speeches will remain the main mover for gold as investors maintain caution in a week without much economic data.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD: Waiting for US economic data to determine the trendThe Federal Reserve ended its first meeting of 2024 with a decision to leave interest rates unchanged. The FOMC also abandoned its tightening stance but said it would not consider cutting borrowing costs. Chairman Powell said that officials are not confident enough in the data to pivot at the next meeting. Although the possibility of a rate cut in March has decreased, the situation could change if upcoming information proves to be surprising. Overall, a weaker economy could cause policymakers to reconsider their stance; After all, reliance on data is the guiding principle of central banking. Given the current situation, the US January jobs report will be of great importance. Wall Street forecasts show U.S. employers adding 180,000 jobs last month, but a lower actual figure would not be surprising after a decline in ADP and unemployment claims increase. If the NFP report misses estimates, the March rate cut could be reconsidered. In this case, US government bond yields and the USD could fall sharply, providing support for gold in the short term. On the other hand, if NFP figures exceed estimates, the market will continue to underprice a rate cut. In this scenario, government bond yields and the greenback could increase sharply, putting pressure on precious metals. In this context, bullion may face many difficulties in February. On Thursday, gold broke through the $2,050 barrier and approached a key ceiling at $2,065. In case the precious metal breaks above this level, the price could rise to $2,085, then $2,150. Conversely, if XAU/USD reverses to the downside, traders will need to watch $2,050. If this area is crossed, the price could drop to the 50-day SMA, after which a retest of $2,005 could be possible. Below this floor, the price target will move to 1,990.
OANDA:XAUUSDLong
by SantaTradeGold
XAUUSD : Gold is likely to fall to 2030 and turn aroundAfter the Fed's interest rate decision last night, gold prices had a slight adjustment but immediately increased again this morning. During the January 31 session, world gold prices at times rose to the previous resistance zone at $2,055.9 but after Fed Chairman Jerome Powell's speech, gold prices returned to the $2,039 threshold. However, this morning the precious metal rebounded and approached the resistance level of $2,050. Last night, the Fed decided to keep interest rates unchanged and signaled that it was not ready to loosen policy. Powell's statement disappointed investors longing for a rate cut, and this led to a slight increase in the US dollar. Currently, the focus of the market will be the Nonfarm Payrolls report released at the end of the week. The resistance area for gold prices is still at $2,050, with the higher level at $2,065. In the event that gold's bearish momentum increases and brings the price back below the 50-day SMA, $2,005 will be in sight, followed by $1,990.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold price waits for important macro data Gold prices are currently trading around $2,030 on Tuesday morning as the market awaits US jobs data and tomorrow's FOMC meeting. Gold prices are currently trading around $2,030 on Tuesday morning amid the effects of geopolitical tensions in the Middle East and market expectations about interest rates ahead of the FOMC meeting. Currently, traders are still waiting for US employment data and the FOMC meeting tomorrow in the context of market sentiment gradually shifting to risk-off due to developments in the Red Sea. Specifically, Sky News reported that US President Joe Biden may authorize military action in the Middle East. This is a response to the killing of three US soldiers by a drone attack on forces stationed in northeastern Jordan near the Syrian border. In the above context, the price of gold - a traditional safe haven - received a lot of support and had a strong reversal on Monday, hitting $2,030 when US government bond yields dropped sharply. The current focus is on US employment data, which will be the last macro data released before this week's FOMC meeting. The market currently expects the Fed to keep interest rates unchanged at its next meeting and is 46% that the Fed will begin reducing interest rates at its meeting in March. However, Fed Chairman Jerome Powell's speech after the meeting on tomorrow will be carefully evaluated by the market to have more information about future interest rates. On the daily chart, gold prices closed back above $2,030, the intersection of the 21-day and 50-day SMA. However, buyers are currently facing resistance at $2,038. However, the RSI indicator is also gradually returning to level 50, providing support for buyers. If bullish momentum consolidates and takes the price above $2,038, the psychological threshold of $2,050 will come into view, beyond which is the December 12 peak at $2,062. Conversely, if the price turns down again to the previous day's low at $2,018, gold could re-adjust to the support zone of the rising trend line at $2,012.
OANDA:XAUUSDLong
by SantaTradeGold
1
XAUUSD : Waiting for important economic data this week!World gold prices traded in range at the beginning of the week as investors awaited upcoming important economic data reports. Over the past week, gold has had strong fluctuations, rising to $2,034 and then falling to $2,012 following the PMI release on Thursday. After that, gold mainly traded within the $2,014 - $,2,024 price range from the weekend until now. Currently, gold is rising to $2,021. This week, economic reports and interest rate decisions from the Fed will give gold the momentum it needs to break out. With the PCE index continuing to decline, the Fed may consider adjusting interest rates and supporting precious metals.
OANDA:XAUUSDLong
by SantaTradeGold
GM General Motors Company Options Ahead of Earnings If you haven`t bought the dip on GM before the previous earnings: Then analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week, I would consider purchasing the 35usd strike price at the money Puts with an expiration date of 2024-4-19, for a premium of approximately $1.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:GMShort
by TopgOptions
XAUUSD : Gold is continuing to fall this weekGold prices swept two-way after the announcement of US GDP, falling to $2,014 but then recovering and ending the session at $2,017. The market is now awaiting upcoming PCE data to determine the Fed's next move. During the January 25 session, world gold prices dropped to $2,014 after the fourth quarter US GDP report was higher than expected, showing that the world's largest economy is still operating stably. In case the price rises, the bulls need to scale the resistance at $2,025 and then $2,039 to move towards the current price target of $2,050. On the contrary, the bears are targeting the $2,004 support to push the price down to $2,000. Currently, gold is increasing slightly to $2,022. Today, the market will receive US PCE data for December with an expected increase of 0.2% in December. Data higher than estimates could make the Fed reconsider its current policy and push gold down further. . Gold investors will closely monitor the Fed's interest rate decision next week as the bank is expected to leave interest rates unchanged.
OANDA:XAUUSDShort
by SantaTradeGold
XAUUSD : Gold fell sharply after the PMI dataThe USD and Gold futures fell as investors waited for two important economic reports USD and gold both fell today as investors waited for two important economic reports later this week. Tomorrow the US Q4 GDP report will be released and will be followed by the PCE report for December on Friday. On Thursday, the Commerce Department will release its initial GDP estimate. In the Dow Jones survey, economists predicted that the total value of all goods and services produced in the United States will increase 1.7% for the final quarter of 2023. On Friday, the Bureau of Economic Analysis will release its latest information on inflation, releasing its PCE index for December. Core PCE is expected to increase 0.2% on the month and 3% year-over-year. If actual figures match estimates, the PCE figure will fall from 3.2% in November to 3% in December. This will be a strong sign that inflation continues to decline. Both USD and gold fell slightly, but have since recovered from their intraday lows. Today's report showed business sales increased in January and inflation appeared to have fallen sharply as prices fell to their lowest level in more than 3.5 years. The DXY index fell to 102.78 and currently stands at 103.276. Gold futures reached a bottom of $2011.70 and are currently standing at $2016. If tomorrow's Q4 GDP and Friday's December PCE report are in line with estimates, the Fed will have reason to believe inflation is approaching its target level. According to CME's FedWatch tool, there is only a 1.6% chance of a rate cut this month and a 41.3% chance of a 25bps cut in March. There is a strong possibility that the Fed will begin cutting interest rates during the meeting. FOMC meeting in May or before. The forecast tool has a 10.7% chance that the Fed will move its benchmark interest rate to between 4.75% - 5%, a 55% chance that it will be between 4.5% - 4.75%, and a 33.8% chance of a gain. Rates are in the range of 4.25% - 4.5% after the May meeting.
OANDA:XAUUSDLong
by SantaTradeGold
XAUUSD : Gold prices are expecting interest rate cuts.Slightly lower as economic data continues to improve, awaiting interest rate decisions from central banks. Gold prices fell slightly today as the market lowered expectations for interest rate cuts and the US stock market recovered. During the January 22 session, world gold prices decreased slightly when US economic data was better than expected and the market lowered expectations for interest rate cuts. The recovery of the US stock market also limited the recovery momentum of precious metals. In the long term, when the Fed decides to cut interest rates, gold will gain the necessary momentum to break out. Currently, gold is falling slightly to $2,020. Looking ahead, the market will receive the US's fourth quarter GDP report, along with interest rate decisions from the ECB, BoJ, and Canada.
OANDA:XAUUSDLong
by SantaTradeGold
XAUUSD : Gold is recovering after a sharp decline.Waiting for interest rate decisions of major banks this week. Gold steadies as the week begins, major central bank interest rate decisions and the upcoming US core PCE index could create volatility for the USD and gold. World gold price is currently increasing slightly to $2,030 after a sharp decline last week. The main barrier to gold's current increase is still the USD and US government bond yields are still high. In the long term, gold remains the favored asset as geopolitical tensions escalate and central banks reduce interest rates. This week, the market will receive the US manufacturing PMI report on Tuesday, the core PCE index on Friday, and the interest rate decisions of the ECB and BoJ. These data points will help shape the trend of USD and gold in the near future.
OANDA:XAUUSDLong
by SantaTradeGold
GOLD : Gold has not yet successfully tested support at $2,021After testing the 2021 support zone, gold increased slightly and then returned to the 2021 zone again. The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong impact on XAU/USD as the gold price fell more than 1.25% in just one day. In addition, the USD's upward momentum was also reinforced by the market's reassessment of the interest rate outlook after Fed Governor Christopher Waller said that policymakers will not rush to cut interest rates until there is a clear signs that inflation can be maintained at a low level. In addition, with the US economy still maintaining a good level, the Fed may not loosen monetary policy significantly this year. Gold fell sharply on Tuesday, and is now approaching the 50-day SMA around $2,010. If buyers fail to hold this support, the bearish momentum will increase and bring the price back to the $1,990 threshold, and beyond to $1,975. Conversely, if the buyers return and create a bullish reversal, the first resistance will be at the $2,045-2,050 zone. The price may have difficulty overcoming this resistance zone. However, if buyers succeed in overcoming resistance, it will open up the potential for a rally to the December peak at $2,085.
TVC:GOLDLong
by NicoTradingMaster
XAUUSD : Buyers are gradually regaining their positionGold fell below $2,025 in the European session after being sold off on Tuesday. XAU/USD is under pressure as the USD moves higher amid escalating geopolitical risks in the Middle East and reduced market expectations for a sharp Fed rate cut in 2024. On frame D1, selling pressure increased sharply after sellers successfully tested the 21-day MA support at 2,046 USD. The bearish momentum continued to strengthen after XAU/USD closed Tuesday's session under Symmetrical Triangle support near $2,031, with the RSI remaining below 40 and slightly down. Immediate support to watch is the 50-day MA at $2,021, with the next target at $2,010. If these areas are successfully tested, gold will be sold off to the $2,000 area. On the contrary, for gold to recover, the first target for buyers is Symmetrical Triangle support near $2,033, then $2,046 (21-day MA and Triangle resistance). mentioned above) and the 2,050 USD mark.
OANDA:XAUUSD
by NicoTradingMaster