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Xauusddaily

GOLD forecast (XAU/USD) tomorrow and this weekGold is a commodity and an global equivalent, tied to the fee of world currencies and different assets. The benefits of gold are that it's far to be had in restrained quantities, has business uses, and is used as a part of the gold and forex reserves of many vital banks. Unlike currencies and stocks, gold will in no way lose fee. On the contrary, due to the fact gold is rare, it's going to best get extra costly withinside the lengthy run. The position of gold in buying and selling relies upon on lengthy-time period investment. This is a shielding asset; Its charge will increase in the course of worldwide crises, whilst the charges of inventory indexes and currencies towards the USD fall. When the worldwide financial system is developing positively, gold charges decrease.
TVC:GOLDShort
by MrTrongVo
1
How To Trade Gold On CPI News DataAs a Gold Trader understanding and interpreting CPI data is crucial for making informed trading decisions. Here's a guide on how to read CPI data and a trade idea based on potential CPI outcomes: --- Understanding CPI Data: CPI Basics: The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. Core CPI: Core CPI excludes volatile items like energy and food, providing a clearer view of inflation trends. Gold's Reaction: Gold is often seen as an inflation hedge. A rise in CPI may lower real interest rates, which can be positive for gold prices. However, gold reacts primarily to strong increases in inflation¹. Trading on CPI Data: High CPI: A higher-than-expected CPI may strengthen the dollar, putting pressure on gold prices. Consider a short position if CPI is significantly above forecasts. Low CPI: A lower-than-expected CPI could weaken the dollar and boost gold prices. In this case, a long position may be favorable⁷. Trade Idea: Entry: Monitor the CPI release. If CPI is higher than expected, enter a short position; if lower, consider going long. TP and SL: Set your take profit (TP) near the next resistance level for long positions or support level for shorts. Place your stop loss (SL) just above the recent swing high for shorts or below the swing low for longs. Position Sizing: Adjust your position size to manage risk effectively, ensuring the SL does not exceed 1-2% of your trading capital. Example Trade Setup: If CPI is high: Short gold with SL above the last swing high and TP at the next significant support level. If CPI is low: Go long on gold with SL below the last swing low and TP at the flag high or next resistance level. Note : Always use proper risk management and adjust your strategy based on the actual CPI data and market reaction. --- Remember , CPI data can cause significant volatility in the gold market. Stay informed and be prepared to act quickly following the data release. Good luck! 📈 Follow for more setups and educational material
FXOPEN:XAUUSDEducation
by itmecrypomania
World gold fees elevated because the Middle East war escalatedGold is visible as a hedge in opposition to financial and geopolitical instability, even as better hobby prices lessen the enchantment of protecting non-yielding gold. Most policymakers on the maximum current assembly of the United States Federal Reserve (Fed) have been involved approximately the dangers of decreasing hobby prices too soon, with uncertainty approximately whether or not hobby prices will continue to be at their level. present day degrees for the way long, in step with mins from the Fed`s January assembly. “The Fed isn't always going to decrease or improve hobby prices, so I suppose gold nevertheless has upside potential,” stated Daniel Pavilonis, senior marketplace strategist at RJO Futures. The Fed will probable decrease hobby prices in June, in step with a majority of economists in a Reuters poll. The dollar's index weakened, making gold greater appealing to overseas buyers.
OANDA:XAUUSDLong
by NicoTradingMaster
The 2024 Gold sell OFF!When analyzing gold versus the dollar, it's evident that we're currently in a downward trend. This week, prices have struggled within the range of 2032 to 2044, and we're presently hovering around 2024.360. During Monday and Tuesday sessions, we anticipate a test of the 2024 support level, possibly dipping towards 2012. While we may find weekly support around the 2012 mark, if the market closes below it by Friday, we could witness a significant break in the downward trend. In this market environment, I'm primarily scouting for selling opportunities, given the stronger selling momentum compared to buying opportunities. It's crucial to exercise caution with gold due to its high volatility; for those unfamiliar with navigating this volatility, observing the highs and lows of the London session and analyzing price ranges can provide insights. As highlighted in the video, my overall perspective on gold remains bearish. Thanks, everyone.
OANDA:XAUUSDShort
by Districtfx
XAUUSD: Gold rose sharply, the follow-up operation idea After the Federal Reserve interest rate resolution appeared yesterday, to determine the beginning of interest rate cuts in March next year, gold rose sharply, once rose to the upper resistance level near 2040, usually gold in the rapid rise and fall will appear repair market, the fact is so, today gold in the 2030-2040 shock consolidation, Focus on whether the afternoon data release will break the key pressure level of 2040! gold:buy@2042 sl2038 tp2052
FOREXCOM:XAUUSDLong
by HectorBrown1
XAUUSD: Gold successfully breached the 2050 pressure level Gold today twice hit the 2050 pressure level, after the first shock failed to return to near 2035, we choose to be long gold in this position, and successfully reached the target position 2045, after Powell's speech, gold once broke through the 2050 pressure level, and is now consolidating near 2056, next week we can observe whether gold stands firm 2050, Wait for a pullback to near 2050 go long gold! If you have any questions about the transaction, you can contact me and I will help you!
FOREXCOM:XAUUSDLong
by HectorBrown1
2
💯GOLD PLAN DAILY DECEMBER 1👉 World gold price on December 1, as of early morning (Vietnam time), is trading around 2,036 USD/ounce - down 8 USD/ounce compared to trading at the same time yesterday morning. 👉 Today's gold price was adjusted slightly down after this precious metal hit its highest mark in 7 months. The solid recovery of the US Dollar Index also had a negative impact on the metals market. 👉 Analysts said that although inflation has fallen sharply from the 40-year high recorded in June 2022, it is still much higher than the 2% target set by the Fed. 👉 On Tuesday this week, the US Department of Commerce said that core PCE, the Fed's preferred inflation measure, increased 3.5% in the past 12 months through October. Persistent inflation may force the Fed must maintain interest rates within a limited range in the first half of next year. 👉 According to data from the World Gold Council (WGC), central bank gold demand is on track to reach or even surpass last year's record. In early November, WGC said central banks bought more than 800 tons of gold in the first nine months of the year. China, Poland, Singapore and India are the leading countries in gold additions. 👉 Tonight there will be news about IMS and Chairman Powell will speak, the price will fluctuate quite a lot. AEs note the time frame to avoid trading 👉 TECHNICAL COMMENTARY: Gold price in the last 2 days has had selling pressure and gradually adjusted, but not too strongly. The price line is still too high above the EMA 38,89,200, the price is falling to approach the EMA 34, expecting a nice Buy bet in the 2020 area when the price adjusts and touches the EMA 34 there. 📌Trading plan: 🔼 Buy Gold Entry: 2019x -2017x Sl 2014 TP 2026 - 2033 🔼 Sell Gold Entry: 2042 – 2044x Sl 2047 TP 2036 - 2028 - 2020
OANDA:XAUUSDShort
by AETradingFx1
💯GOLD PLAN DAILY 11/28: WAITING FOR THE BUY SIGNAL👉 World gold price on November 28, as of early morning (Vietnam time), is trading around 2,014 USD/ounce - an increase of 11 USD/ounce compared to trading at the same time yesterday morning. 👉 The weakening of the USD and expectations of an end to US interest rate hikes have fueled strong demand for gold, with strong purchasing power from Chinese and Indian consumers and central banks also providing a driving force. push up gold prices. Investors are now awaiting revised US third-quarter GDP figures due out on Wednesday and the core consumer price index, the Federal Reserve's preferred inflation measure. ), this Thursday will decide whether gold stays above $2,000/ounce. 👉 TECHNICAL COMMENTARY: Gold prices have been pushed much higher than the 50, 100 and 200 day moving averages and are very close to the all-time high reached in August 2020. The next resistance level to pay attention to is 2049- 2070 📌Trading plan: 🔼 Buy Gold Entry: 2007x – 2005 x Sl 2002 TP 2012- 2017 -2022 🔼 Buy Gold Entry: 1993x – 1991x Sl 1987 TP 2005 – 2015 -2022
OANDA:XAUUSDLong
by AETradingFx1
💯GOLDEN PLAN DAILY November 17: FOLLOWING BUY💯GOLDEN PLAN DAILY November 17 👉 Gold prices increased today as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its interest rate hike cycle and will proceed with interest rate cuts. in the spring of the following year increased even more. 👉 Last night when the number of applications for unemployment benefits increased from 217K last week to 231K.Wal-Mart also warned that sales experienced a "sharp decline" in the last two weeks of October, suggesting consumers are slowing down. The CEO also said he sees possible deflation in the coming months. The Philadelphia Fed manufacturing index was stronger than expected but expectations fell sharply and price figures were weaker. That has led to widespread weakness in the US dollar. 👉 Signs of slowing inflation have prompted investors to bet that the Fed is done raising interest rates. Lower interest rates will increase the appeal of non-interest-bearing assets like gold. 👉 TECHNICAL COMMENTARY: Gold is continuing to move in a strong upward price channel. In the short term, the price can still continue to increase to 2000. Today I will prioritize Buy orders when the price touches bifo 0.618 and the CP + support zone is at 1972 📌Trading plan: 🔽 Sell Gold Entry: 1991 - 1993 SL 1996 TP 1984 -1972 🔼 Buy Gold Entry: 1972 -1970 Sl 1967 TP 1979 – 1984 – 1993 -2000
OANDA:XAUUSDLong
by AETradingFx1
XAUUSD: Technical analysis and operational strategy Gold came under selling pressure on Wednesday as US retail sales fell at a slower pace than expected in October. The reason for the pullback in spot gold after hitting a weekly high of 1975, failing to hold above $1970, is mainly due to the rebound in the US dollar and the rebound in US Treasury yields. Spot gold fell on Wednesday, retreating from a high of $1,973 to near $1,955. After the opening of this trading day, gold prices still continued to weaken, trading around $1966. On the 4-hour chart, gold remains above the 20-cycle SMA, suggesting upside potential. Technical indicators, however, give mixed signals. The Relative Strength Index (RSI) is trending down, momentum indicators are flattening, and MACD indicators show limited potential. A break below $1,955 would leave gold vulnerable in the short term. If it breaks through $1970 / oz, gold will test the key resistance level of $1975 / oz. In the short term, the operation tends to be in the 1955-1975 interval, waiting for the break of the weekly line interval tomorrow, and then make arrangements! Spot gold operation recommendations: Strategy one: Callback 1956-1958 near multiple single entry, stop loss of 6 dollars, the target 1970-1972 line; Strategy two: Rebound 1972-1970 near the short entry, stop loss of $6, the target 1958-1956 line. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1
1
XAUUSD: Gold analysis and operation Yesterday, the Federal Reserve released CPI annual rate data performance is relatively poor, below market expectations. The dollar fell in response. Gold rose on the day. Early this morning, 1961-1962 straight up. Continuation of yesterday's trend, the horizontal directly broke 1971. Programme: 1977-1980 empty, objectives 1970-1966:; Step back 1966-1963 more. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1
2
XAUUSD: Analyze and operate today Gold fell for three consecutive days, the front because of the geopolitical impulse to basically smooth out the bulls, and all the way down even broke the 1970-1953 support, the current minimum to 1947, the general trend is strong and weak, the market is also going down, the current consideration is how to card points to short, from the current 4 hours and hour range, 1957-1958 is the first resistance level, It is also the support pressure of the early stage, followed by the second pressure level of 1968, which can be surrounded by empty space The specific layout is as follows: 1. The first time to see 1957-1958 empty once, lost 1964, the target to see 1948-1943 broken look 2. See 1968 empty at any time within the day, lose 1975, and see the target below the broken position from 1958 to 1948 If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1
XAUUSD: Gold retreated, followed by the 1980 line As Treasury yields edged back up, gold came under pressure, falling back from above $1,990 during the day, although last week's weak NFP forecast brought forward Fed rate cut expectations, but the gold price did not seem excited about it. For this week, gold will continue to track events in the Middle East, while a number of Federal Reserve officials will make their debut this week, including Fed Chairman Jerome Powell. After three weeks of gains in gold, the rise has slowed, but the bull trend has not ended, and the shock of nearly two weeks or brewing a more significant rise. In the chart, the Bollinger belt opening, KDJ index to form a gold fork, last Friday prices in the non-agricultural impact of the high fall, today's gold price still maintains an upward trend, concerned about the 2000 mark can successfully break and stand firm! In the short term, the probability of shock is large, and the support of the 1980 line is concerned below, and the resistance of the 2000 line is concerned above. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1
XAUUSD: Accurately grasp the impact of data Today, gold did not fluctuate much before the data appeared. When the data became positive across the board, gold once rose to near 2003. We continuously shorted at this position and chose to close the position in 1996, finding that gold did not have a rebound trend, so we continued to sell in 1996, and finally closed all orders near 1988. Congratulations again to the friends who follow! If you are confused about trading, please join me, I believe you will have a great harvest!
FXOPEN:XAUUSDShort
by HectorBrown1
03/11: Gold price waits for US employment report💯DAILY GOLD PLAN UPDATE: March 11 👉 Gold prices were little changed this morning as investors waited for the US non-farm payrolls for further signals. 👉 The USD index slid and US 10-year treasury yields fell to their lowest level in 3 weeks, making gold more attractive. 👉 The Fed kept interest rates on hold Wednesday as policymakers considered key conditions documents tight enough to control the discovery. 👉 According to CME Group's FedWatch tool, the school now believes there is an 85% chance the Fed will maintain interest rates again in December. => Higher benefits increase your job opportunities. 👉 But does Nonfarm have a good price for the USD tonight to reasonably reduce the price when the gold price has increased quite high for 3 weeks in a row? 👉Plan your trading today: 🔽 SellGold Entry: 2004 x – 2006x SL 2009 City 1993 - 1979 🔼 Buy gold Entry: 1980x -1978x SL 1975 City 1985 -1991 - 2023
OANDA:XAUUSDLong
by AETradingFx1
1
XAUUSD: Double top formation, subsequent fall? From the technical point of view, the current formation of a double top shape, the future market bearish, but due to the support and data near 1975 led to a temporary rise in the market, the subsequent energy is insufficient, and now has fallen to near 1979. Continue to pay attention to the impact of the meeting in two hours, if it breaks 1975, continue to bear! If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1