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XAUUSD - Strong fluctuations in the last days of the monthOvernight, gold had a sturdy boom to 204x after which reduced to 203x >At this margin, I assume Gold can nevertheless boom strongly again >Everyone these days Can Buy Gold round 2026>2030 SL 2024 TP 2038>204x We advise that each one buyers arrive earlier than 8pm tonight. Currently, the fashion is at the Buyer`s side, so I will now no longer can help you Sell ------------------------------------------- World gold rose to a two-week excessive on Tuesday because it turned into supported through greenback weak spot and decrease Treasury yields whilst awareness became to the Federal Reserve`s coverage meeting. US State (Fed) to higher apprehend how this enterprise will reduce hobby prices this year. According to RJO Futures senior marketplace strategist Daniel Pavilonis, an awful lot of gold's volatility is because of falling yields and the greenback being withinside the red. However, Pavilonis stated that expectancies approximately hobby price selections additionally brought on gold to increase. The Fed's coverage choice might be made on Wednesday. Markets are awaiting the United States Central Bank to depart hobby prices unchanged on the quit of the meeting. Pavilonis, the Fed stated that, with the choice to have a solid marketplace, the Fed won't behavior many hobby price cuts and Mr. Powell can even keep a impartial attitude. Data remaining week confirmed U.S. expenses grew fairly in December, maintaining annual inflation beneath 3% for the 0.33 directly month and doubtlessly permitting the Fed to begin slicing hobby prices. According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's economic coverage stance is presently the maximum crucial driving force of gold expenses. He stated that even the safe-haven enchantment of treasured metals can't counter converting marketplace expectancies round critical financial institution economic coverage. According to this expert, the marketplace's expectation that the Fed will actively reduce hobby prices may want to push gold to $2,200/ounce with a median annual charge of up to $2,100/ounce.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD Longs from 2030.000 back upI find Gold intriguing, and I'll share my current perspective on this pair. Given my bullish bias, this trade idea is in alignment. The recent price movement, with a shift in character and substantial liquidity sweep, has formed a compelling demand zone on the 16-hour chart. I'm now waiting for a re-accumulation within this zone, coupled with a liquidity sweep around 2030.000, before considering buy positions. Alternatively, if price continues its ascent toward the 4-hour supply zone without an immediate retracement, I'll anticipate a bearish reaction. In this scenario, I'll be interested in sell opportunities to ride the price down towards a demand zone and align with the overall trend. My confluences for Gold Buys are as follows: - A 16hr demand zone below triggered a new CHOCH to the upside. - The overall short-term and long-term trend is bullish, aligning with this idea. - Imbalance above the demand signals a favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - After a CHOCH I'm expecting a pullback and retracement for price to keep going up. - There is an untouched asian low inside my zone once swept could expect a reaction. - I also expect the dollar to keep dropping indicating that gold will keep going up. P.S. As these are the two closest opportunities to the current price, I acknowledge that price might surpass these zones to reach a more favourable one, such as the significant daily demand below the 16-hour chart. Can't stress enough that adaptability enables a comprehensive perspective in navigating the markets so always weigh up other possibilities. Have a great week ahead traders!
OANDA:XAUUSDLong
by Hassan_fx
2
Gold OverviewTechnically, Gold's recent bounce from the 50-day SMA and positive momentum on the daily chart favor bullish sentiments. Caution is advised for a sustained breakthrough above $2,040-$2,042 USD, signaling potential upward movement towards $2,064 USD and $2,077 USD. Conversely, a breach below the defending $2,022 USD level could trigger bearish momentum, targeting $2,000 USD and potentially extending towards $1,973 USD before reaching the confluence zone around $1,965-$1,963 USD.
FXOPEN:XAUUSD
by AdmamTrade
Gold Stabilizes around $2,030, Awaits U.S. CPI Figures on ThursdGold prices grapple to gather any significant upward momentum following the recent retreat from the $2,040 region, exhibiting narrow trading ranges during the Asian trading session on Wednesday. Traders appear somewhat reluctant, preferring to await the latest CPI figures set to be unveiled on Thursday before committing to new directions. XAU/USD trades around $2,030, retreating from the day's peak at $2,042.09. Technical indicators on the daily chart hint at a downside risk, with the pair hovering below the 20-day Simple Moving Average (SMA). Meanwhile, the convergence of the SMA 100 and 200 around $1,962 provides substantial long-term support. Despite a slight turn in certain technical indicators, they remain neutral, lacking the robust momentum to confirm a further southward trajectory. However, in the short term and as per the 4-hour chart, a bearish trend seems dominant. The pair trades below all its moving averages while technical indicators display downward pressure below their midlines. The SMA 20 acts as a downward pivot amid longer SMAs, establishing a short-term resistance level around $2,036. Support Levels: $2,016.60, $1,998.65, $1,987.20 Resistance Levels: $2,036.00, $2,052.30, $2,065.45
FXOPEN:XAUUSD
by AdmamTrade
Today's Gold Price Forecast and Analysis:Despite the U.S. dollar's rebound post stronger-than-expected U.S. employment data, "XAU/USD" maintains an upward trajectory and could sustain it unless it declines below $2,000 or $1,985 per ounce. Consequently, escalating global political tensions and central banks' preventive buying to hedge risks will remain supportive factors for the gold market in the foreseeable future. Moreover, any downturn in gold prices will be viewed as a buying opportunity. Currently, the nearest resistance levels for gold are at $2,045 and $2,070 respectively.
FXOPEN:XAUUSD
by AdmamTrade
1
Xauusd trend analysis for next week I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow) 2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019. There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis. Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
FX:XAUUSD
by i2vi2v
Gold Slips as Dollar Rises WeeklyGold slid below a crucial level this Friday in European trading as the dollar surged, capping a week of losses after a late 2023 recovery. Investor profit-taking and uncertainties regarding the Fed's interest rate plans slowed gold's upward momentum. Spot gold fell 0.3% to $2,037.79 per ounce, while gold futures dropped 0.3% to $2,044.25 per ounce at 05:09 ET, marking a weekly decline between 0.8% to 1%. Speculation about an imminent interest rate cut in March 2024 has faded, contributing to the dollar's climb by over 1% for the week, its strongest performance since July 2023. Analysts at ING still hold the view that the first rate cut might come in May, and the recent dollar surge has impacted gold. The ongoing influence of Fed uncertainties continues to shape gold's weekly performance amid market fluctuations.
FXOPEN:XAUUSD
by AdmamTrade
Prospects of Gold Prices Amidst Potential Fed Rate Cuts in 2024Amidst anticipation surrounding potential Federal Reserve (Fed) rate cuts in 2024, the outlook for gold prices remains optimistic. Daniel Pavilonis, a market analyst at RJO Futures, highlighted the escalating tensions in the Red Sea as a factor likely to support gold prices. Notably, gold prices surged by 13% in 2023, marking the first annual increase since 2020, with expectations of reaching record highs in 2024 if a low-interest-rate environment is achieved. Fouad Razaqzada, a market analyst at City Index, emphasized, "As we've witnessed gold's ascent due to expectations of rate cuts in 2023, we could see a substantial rise in 2024 as central banks truly begin to ease their policies." The analyst further added that the actual timing and extent of rate cuts will hinge on the data received throughout the year. This week, focus shifts to the release of the minutes from the Federal Reserve's latest meeting. The US non-farm payrolls and unemployment data for December will be closely monitored, shaping the trajectory of potential rate adjustments. The interplay of geopolitical tensions and economic indicators will sway investor sentiment, shaping the trajectory of gold prices in the foreseeable future. As the Fed navigates potential rate adjustments, the market remains attentive to global developments, awaiting cues for gold's next move.
FXOPEN:XAUUSD
by AdmamTrade
XAU/USD Resumes Uptrend Amidst Emerging DowntrendGold's recent movements against the yearly average hinted at a promising trend above the critical resistance level of 2075/81. Despite breaching this mark in December, hitting highs at 2146, it couldn't sustain weekly or daily closures there, suggesting potential exhaustion. Key support lies at 1935/50, marked by various indicators like Fibonacci retracements, November's lows, and the 52-week moving average. For a bullish trend continuation, a breakthrough and sustained closure above 2075/81 are crucial, targeting resistances at 2130 and 2151. However, the failure to close above the pivotal resistance indicates a possible struggle for upward momentum in the near term. Traders anticipate potential downside movement in the coming weeks, seeking a final close above 2081 to confirm the uptrend. Managing losses around 1935 remains prudent amidst potential price surges. With the looming US non-farm payroll report, rapid shifts in market dynamics are anticipated. Further updates on short-term technical outlooks for XAU/USD will follow once clearer insights into price movements are obtained.
FXOPEN:XAUUSD
by AdmamTrade