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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
GBPCAD BUY | Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY 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💰
Long
by TheGrove
1
EURUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY 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💰
Long
by TheGrove
1
CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! 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
4
XAUUSD : Comment on USD and Gold exchange rate pairsInvestors will be waiting for economic data with a big impact on the US next week: core PCE data - the Fed's favorite inflation measure. Core PCE is forecast to increase 0.4% in January, pushing the annual figure down from 2.9% to 2.7%. However, traders should not be surprised if these numbers suddenly increase considering previous CPI and PPI figures. Persistent price pressures in the economy, coupled with solid employment and hot wage growth, could force the Fed to delay easing to the second half of the year. Such a scenario could push interest rate expectations in a more hawkish direction compared to the current situation. Higher interest rates for longer could push up US government bond yields in the coming weeks - an outcome that could benefit the USD. In this case, the EUR/USD and GBP/USD pairs will have difficulty trending up in the short term. Gold prices may also come under pressure. Gold rose slightly on Thursday but hit a hurdle at around $2,030. A rally above this level could push the price towards $2,065. On the other hand, if sentiment reverses and prices start to decline, support appears at $2,005, near the 100-day SMA. After that, the price target will move down to $1,990, followed by $1,995.
OANDA:XAUUSD
by SantaTradeGold
Gold prices weakened after hitting an important resistance levelAlthough gold prices increased slightly yesterday, they adjusted back down early this morning. Gold prices continued to recover during the session on February 20, approaching the resistance level at $2,030. However, this morning the gold price had a slight correction and is currently trading around the construction level of $2,026. Gold's rise is currently being blocked by market expectations that the Fed will continue to keep interest rates unchanged in the near future. On frame D1, the RSI index rebounded strongly to 50, strengthening the short-term recovery momentum. Immediate resistance is the 21-day MA at $2,023, then the 50-day MA at $2,033. Breaking these resistances will attract more buying pressure, with buyers targeting the February 7 peak at $2,044 and key resistance at $2,050. On the contrary, if gold prices fall beyond Monday's session low near $2,011, the decline could extend to $2,005 and the 100-day MA at $2,000.
OANDA:XAUUSD
by SantaTradeGold