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XAU turned downXAU decreased slightly compared to yesterday morning. Despite being under pressure to take profits after hitting an all-time high earlier in the week The US Federal Reserve (FED) has continuously expressed its view that it will not rush to start a cycle of loosening monetary policy. However, gold did not react much to this view that is considered less moderate. Currently, investors are still worried about inflation and economic instability, and precious metals help them hedge risks. Interest rate cuts could cause the dollar to weaken against many other currencies, which could provide further support for real assets such as gold. However, while the Fed has not yet come to a decision on loosening monetary policy, investors are carefully watching economic data to see if they could cause the Fed to pivot its monetary policy.
OANDA:XAUUSDShort
by TrategySherpa
XAUUSD : Gold is still expected to increase in the near futureWorld gold price (XAU/USD) increased nearly 1.5% at one point last weekend, reaching a high of $2,378 before closing at $2,360. This is the second consecutive rising session since the previous sideway period. This precious metal broke out strongly in the context of geopolitical tensions showing signs of escalating in Gaza when peace negotiations between Hamas and Israel in Cairo failed. Gold demand is also driven by concerns about the US labor market. Recent economic data has shown signs of weakness, fueling speculation that the Fed may lower interest rates sooner than expected, thereby stimulating demand for gold. Besides, globally, the general trend of central banks is shifting to reducing interest rates or at least, they are showing that they are ready to lower interest rates. The interest rate environment shows signs of peaking and starting to gradually decrease, which also creates a push for gold prices. Centrally, the Fed's monetary policy is always adaptive to the situation and based on the latest data. Therefore, the timing of interest rate cuts may change depending on inflation developments, if inflation decreases or increases faster than expected. This week's CPI report will be in focus as this data point could have a significant impact on gold prices. Mr. Jim Wyckoff, Senior Market Analyst at Kitco News, commented: "If this week's inflation data is high or even moderate, the likelihood of the Fed cutting interest rates as early as September will decrease. go significantly."
OANDA:XAUUSDLong
by SantaTradeGold
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings: Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing the 43usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $1.36. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:UALLong
by TopgOptions
1
CADJPY → Trade Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . CADJPY long ! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
GBPCAD → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
XAUUSD : Gold hits 2,400 mark amid chaos in the Middle EastGold prices continue to increase thanks to geopolitical tensions in the Middle East Gold prices have recovered during today's Asian session and are currently trading around $2,360 as the market worries that the war situation may escalate in the Middle East. Over the past week, gold prices have experienced an impressive increase to $2,400 despite the strength of the US dollar and currently XAU/USD is trading around $2,360. The reason for this partly comes from the market's risk aversion as geopolitical tensions in the Middle East continue to increase. This week, the market's focus will be on US retail sales and the speech of Fed Chairman Jerome Powell. Gold surpassed $2,400 an ounce on Friday, but closed lower as technical indicators suggested gold's rally had overheated and investors closed positions. The latest developments in the Middle East prompted a wave of searches for safe assets, with concerns about possible Israeli retaliation likely to support gold in the near term. Some Wall Street experts believe that gold's rally is expected to continue through at least the second half of the year. Citi previously said gold serves as a hedge against inflation and is a safe reserve asset for central banks. Goldman Sachs has raised its gold price forecast from $2,300 to $2,700 because gold is not affected by normal macro factors. A conflict between Iran and Israel is unlikely to have a knock-on effect, with Arab states only calling for restraint on both sides. Saudi Arabia has even indicated that Iran wants to sabotage the normalization of relations between the Arab world and Israel.
OANDA:XAUUSD
by SantaTradeGold
UNH UnitedHealth Group Incorporated Options Ahead of EarningsIf you haven`t bought UNH before the previous earnings: Then analyzing the options chain and the chart patterns of UNH UnitedHealth Group Incorporated prior to the earnings report this week, I would consider purchasing the 440usd strike price at the money Puts with an expiration date of 2024-4-19, for a premium of approximately $10.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NYSE:UNHShort
by TopgOptions
EURUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBPUSD BUY | Trading Analysis SetupHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
3
XAUUSD : Will gold today create a new peak or retreat?XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this precious metal's rise. Today, the market is waiting for US March NFP data to look for more motivation, with an additional 200,000 new jobs expected in March. Meanwhile, the DXY index, a measure of the value of the USD against a basket of currencies weighted by America's trading partners, which recovered to 104.30 from a two-week low of 103.90. The 10-year US government bond yield decreased slightly to 4.30%. Fed Chairman Jerome Powell reaffirmed that interest rates are likely to peak in the current cycle, and said FOMC policymakers believe it is appropriate to begin cutting interest rates if the economy progress according to the scenario expected by the Fed. These dovish views are giving a boost to precious metals including gold. In general, the main trend is still an uptrend as the EMA lines are still pointing up and have a certain openness. The current correction is inevitable when all indicators are in an "overbought" state. If a downward correction occurs, the $2,200 - $2,220 zone will be a potential support zone. Next is around the $2,150 mark, this will be an important milestone because if it breaks through this mark, it will likely trigger a strong selling wave pushing the price near the base of the last two weeks' rising wave at around $2,050. In the immediate future, the price has not yet had any clear reactions after hitting the $2,300 mark, so it cannot be said that this is a hard resistance level and today's NFP data will be the deciding factor whether gold will continue to increase or not.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold's boom continues after today's dataGold is under pressure as the USD bounces up, waiting for the US core PCE report Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow. During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond yields simultaneously decreased. The market is currently awaiting the core PCE report - the Fed's favorite inflation measure - expected to be released later in the week. Today, the market will receive a series of important economic data, including the GDP report, US home sales and the University of Michigan's consumer confidence index. Currently, gold is trading around the $2,190 area.
OANDA:XAUUSD
by SantaTradeGold