Gold Long Term CycleA follow up from the 15 year Cycle Gold is going through - Forget the news it's part of the cycle.
Xauusdforecast
2340 short gold fell as expected, continue to shortDear friends, this morning we shorted gold at 2340, and successfully touched TP: 2328, thereby winning our first win today and making a huge profit!
According to the current trend of gold, as gold fell below the rising trend line multiple times yesterday, the momentum of gold bulls gradually declined, and gold currently maintains a volatile downward trend in the short term. On a technical level, candle lines continue to test lows and are suppressed by short-term moving averages. Even after touching support, the rebound strength is much weaker than before, so in the short term, relatively speaking, I still focus on shorting gold on highs. .
On the whole, gold has been oscillating back and forth in a large range recently, with no real unilateral trend. So even if I focus on shorting gold on rallies in gold trading, we must also pay attention to the trading rhythm, once the trading rhythm cannot be accurately grasped, it is easy to suffer losses in long and short transactions. At present, we focus on the resistance area of 2340-2345 at the top and the support area at 2320-2315 at the bottom.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold Price Hits Record HighGold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold.
Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching. If gold price breaks below this level, it may trigger a short-term price decline. If subsequent support levels are also breached, it could signal a prolonged period of downward movement. This indicates that the gold market is experiencing volatility and uncertainty.
Gold Continues to Rise Despite USD Cooling OffGold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off.
However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three main reasons driving its record-breaking surge:
Firstly, political turmoil is driving investors towards gold. Conflicts in Ukraine and Gaza persist, with the risk of escalation to other nations lingering in the market. Investors and governments alike are wary of the consequences of these conflicts, and gold is seen as one of the most effective hedge assets against such concerns.
Secondly, central banks continue to buy gold. Data from the World Gold Council shows that global central bank gold reserves increased by 19 tons in February.
Thirdly, gold is considered a hedge against inflation. Gold often sees a resurgence when inflation tends to rise, thereby preserving the value of money.
In terms of news, this week sees relatively few economic data releases. The highlights include the US Consumer Price Index (CPI) report for March, expected on Wednesday (April 10), followed by the Producer Price Index (PPI) and weekly initial jobless claims data from the US on Thursday (April 11).
Gold Price Analysis: Technical Indicators and Trading SignalsOne technical indicator that can help identify potential reversal points for a trend is the Parabolic SAR (Stop And Reversal). The Parabolic SAR places dots on the chart to indicate potential reversal points. From the above figure, you can see the dots change from being below the candlesticks in an uptrend to being above the candlesticks when the trend reverses to a downtrend.When the Stochastic rises above 80, it signals that the market is entering an overbought condition. When the Stochastic falls below 20, it signals that the market is entering an oversold condition.
Analyzing Gold Price Trends: Insights and PredictionsExamining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.
Gold sets an all-time recordYou can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using Fibonacci, I see wave 4 likely to retrace to the 0.382 or 0.236 level before running wave 5 to the 0.618 level.
XauUsd- Will CPI trigger a 500 pips drop?Fundamentals:
Given the persistent challenge of downshifting inflation within the U.S. economy this year, market participants eagerly await the release of March Consumer Price Index (CPI) figures by the U.S. Bureau of Labor Statistics on Wednesday.
This report carries significant potential to induce volatility across various asset classes, necessitating traders to brace themselves for potentially volatile market conditions, particularly if the incoming data deviates from expectations.
Projections indicate that the headline CPI is expected to have risen by 0.3% monthly, which would elevate the yearly reading to 3.4% from the previous 3.2%.
Similarly, the core CPI, excluding food and energy, is anticipated to exhibit a 0.3% increase on a seasonally adjusted basis. However, the 12-month rate is forecasted to moderate to 3.7% from the prior 3.8%, marking a modest but encouraging step toward addressing inflationary concerns.
While recent hotter-than-anticipated CPI and employment figures have prompted a shift in Fed interest rate expectations towards a more hawkish stance in recent weeks, investors still perceive a greater than 50% probability that policymakers will maintain their current stance at the June meeting. Nonetheless, this sentiment could be subject to change if price pressures exhibit signs of reacceleration, jeopardizing progress toward disinflation.
Potential scenarios (in theory):
1. CPI report exceeds projections:
Should the CPI report surpass expectations, market participants are likely to interpret this as a signal that inflationary pressures are resurging. This would challenge the notion that earlier price spikes observed this year were transitory, thereby reinforcing the likelihood of a prolonged struggle to restore price stability. Consequently, the Fed may reconsider its policy outlook, potentially deferring the commencement of its easing cycle. This scenario is anticipated to be supportive for the U.S. dollar but unfavorable for XauUsd.
2.Inflation figures fall below expectations:
Conversely, if the inflation numbers come in below expectations, markets are expected to respond positively, particularly if the deviation is substantial. This outcome could prompt traders to bolster their expectations of the Fed initiating rate cuts in June, potentially amounting to at least 75 basis points of easing this year, aligning with the central bank's prior dot plot projections. A dovish repricing of interest rate expectations is likely to exert downward pressure on Treasury yields, thereby dampening the U.S. dollar while bolstering XauUsd.
Technicals:
From a technical standpoint, XAUUSD has been on a constant upward trajectory since March 25th, with only one red daily candle observed thus far.
Additionally, since April 1st, XAUUSD has achieved an all-time high each day, signaling a potential correction on the horizon.
Looking at resistance levels, we have encountered one significant resistance point indicated by yesterday’s intraday double top at 2365. On the downside, key support levels begin at 2330 and are further reinforced by the important zone around 2300.
Putting aside the fundamentals outlined earlier, in my personal opinion, I anticipate XAUUSD to correct by at least 500 pips this week, regardless of the outcome of the Consumer Price Index data.
I am inclined to sell in the event of a new all-time high.
XAUUSD: How to operate after the CPI data is released today?
The United States CPI data will be released soon, and it is still the support level to continue to do more.
On Tuesday, the gold technical surface rose first and then fell, the Asia-Europe price stabilized 2338 mark ushered in a bull shock up the high, the afternoon further accelerated to break the previous day's high 2353 mark and continued to strengthen to 2365 near the pressure fell into shock, last night between the United States twice back to stabilize 2340-45 line again rebound, The overall price accelerated to break the high after the formation of a pattern of falling volatility, the short cycle is still stable above the 2330 mark to form a strong bullish shock, yesterday's trend also confirmed this, yesterday again broke through a new high, although the United States yesterday fell back, but did not fall below yesterday morning's starting point.
This is a typical strong market, the lows are still moving up, the highs are also moving up. So the operation is still a dip to do more operation!
If you are confused about trading, please join me and I will help you out!
BUY XAUUSDI'm sharing with you again one of my trades for this week,
You can buy XAUUSD when it reaches 2308.954, SL and TP set them as in the chart.
The market will come down to liquidate at 2318.780 to get to our OB before continuing its way up.
For further info, don't hesitate to ask!
XAUUSD Forecast: Bullish Momentum Eyes Breakout Towards $2220In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220.
In the short term, XAUUSD will continue to face challenges from psychological resistance levels. It is anticipated to retrace after reaching the upper limit of this upward channel.
I predict that XAUUSD may undergo further adjustments around the support zone to accumulate potential before further growth. Reviewing the resistance level will indicate the coin's readiness to surpass this area and continue its upward movement. Prices are expected to surge towards the ultimate target of $2220, as forecasted.
Interesting facts about XAUUSDHistorically, gold has been a way of shielding cash from inflation, a way of accumulation. It is enormously valued as a herbal useful resource this is hard to take advantage of and extraordinarily hard to destroy. This valuable steel is utilized in industry, earrings manufacturing and in part for superior technology. About 7% of the gold recovered is used to provide electronics.
During the American gold rush of the past due nineteenth century, this steel became mined extensively. Mining stays hard even withinside the twenty first century. Regardless of the advent of steel detectors, in addition to diverse current looking devices, the performance of the paintings positioned into gold mining is decided via way of means of human labor.
Although South Africa is the primary producer, gold manufacturing in China has skyrocketed in latest years. As call for for gold in China increases, the marketplace is growing, particularly as Chinese humans consider that gold brings top success and symbolizes top economic decisions.
Fluctuations in XAU/USD prices are stimulated via way of means of a decline in monetary increase or crises, which includes withinside the Chinese economy. Currently, the XAU/USD buying and selling pair is buying and selling at excessive levels. Typically, gold is traded as CFDs, thru a fund traded on a inventory and futures exchange.
Gold price forecast: XAU/USD maintains bullish strengthGold examined new highs as gold call for stays robust beforehand of americaA inflation document due out tomorrow.
Gold is overbought, however it stays to be visible whether or not buyers will need to withdraw earnings as vital banks retain to shop for gold for reserves.
Spot gold hit $2,365.25 on Tuesday, a brand new document excessive amid persisted weak spot withinside the US dollar. The dollar remained consistent on the primary day of the week in spite of hovering authorities bond hobby quotes. Ten-12 months authorities bonds rose as a lot as 4.50% sooner or later on Monday, imparting aid to XAU/USD. Bond yields have weakened withinside the new day, however now no longer Gold, that's presently making the most of a dark Wall Street fashion and elevated safe-haven call for in advance of vital macroeconomic events. vital.
Wall Street became bad in advance of the discharge of the United States Consumer Price Index (CPI) on Wednesday, because the figures ought to decide whether or not the Federal Reserve (Fed) may also reduce hobby quotes in September. 6 or now no longer. Hotter-than-anticipated CPI figures in January and February have undermined investor self belief in 3 hobby price cuts this 12 months and the marketplace now believes the vital financial institution is probable to deliver. Twice, with the primary probable coming in July. Speculative hobby quotes are the thorn among a healthful economic system turning in ever-higher income and the want to lessen charges amid document-excessive hobby quotes green.
China Hoards Gold: 17th Month Buying Spree Fuels Record PricesChina's central bank, the People's Bank of China (PBOC), is on a gold-buying binge. For the 17th consecutive month, the PBOC has added to its gold reserves, further propelling the precious metal to record highs.
This relentless buying coincides with a surge in gold prices over the past two months. The rally is fueled by speculation that the US Federal Reserve might loosen its monetary policy in the near future. Lower interest rates tend to make gold, a non-interest-bearing asset, a more attractive investment compared to US Treasuries.
China's Strategic Stockpile
The PBOC's motivations for accumulating gold are multifaceted. Some experts believe it's a strategic move to diversify China's foreign exchange reserves and reduce dependence on the US dollar. Additionally, gold is seen as a safe haven asset during times of economic or geopolitical uncertainty.
A Golden Opportunity or Overheated Market?
While China's buying spree and rising prices paint a bullish picture for gold, some analysts caution against excessive optimism. The record highs could be a bubble fueled by speculation, and a potential shift in US monetary policy could trigger a correction.
What it Means for Investors
The current market volatility presents both opportunities and risks for investors. Those considering adding gold to their portfolios should carefully weigh the potential benefits against the inherent risks associated with a highly volatile market.
Disclaimer
This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
XAUUSD Gold Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 123 " Impulsive Waves
RSI - Divergence
Break of Structure
Impulse Correction
Fibonacci Level - 261.8%
Resistance Level
Unraveling Gold Prices: Insights and AnalysisBy observing the Ichimoku indicator, traders can discern market price trends effectively.
An upward trend is indicated when the price line is above the Ichimoku cloud.
A downward trend is signaled when the price line is below the Ichimoku cloud.
There is no clear trend when the price is within the Ichimoku cloud region.
In some cases, traders may find the Ichimoku indicator effective when the market is in a certain trend. However, when the price breaks out, traders may struggle to find entry points that meet favorable risk-to-reward ratios.
Unlocking Gold: Strategies and Insights for TradersUsing Exponential Moving Averages (EMAs) can help identify trends earlier, but they may also produce more false signals. On the other hand, Simple Moving Averages (SMAs) react slower to price movements, which can help filter out unusual price fluctuations and false signals. However, their slower reaction may cause traders to miss out on some good entry opportunities.
Moving Averages can be utilized to determine trends, entry points, and trend reversal signals. They can also function as dynamic support and resistance levels.
A good practice is to use multiple Moving Averages on the same chart to capture short-term and long-term fluctuations. It's important to note that while using Moving Averages is relatively straightforward, finding the most suitable MA for your trading strategy is crucial. Therefore, it's essential to experiment with different MAs and select the one that aligns with your preferences. Some traders use MAs to identify trends, while others use them as support and resistance levels. Both approaches are valid, but remember to choose the method that best fits your trading plan. Experimenting with MAs is key to finding success in trading.
Market Awaits Key US Inflation Data Amidst Gold Price ProspectsThis week, markets are closely monitoring the release of significant US inflation data. The inflation figures are expected to provide further insights into the Federal Reserve's interest rate cut trajectory and could serve as the next catalyst for gold prices.
The US Consumer Price Index (CPI) for March will be published on Wednesday. According to economists' surveys, the overall US CPI for March is predicted to rise by 0.3% compared to the previous month, slightly lower than February's 0.4%; while the US core CPI for March is expected to increase by 0.3% compared to the previous month.
Gold Price Outlook
XAUUSD
On the daily chart, despite gold's correction from approaching the 1% Fibonacci extension level at $2,356, as highlighted in our weekly publication, it has found support from the 0.786% Fibonacci level and rallied back towards the $2,360level once again.
A level tested multiple times implies the diminishing effect of that technical level. However, at present, the $2,360level still serves as the nearest notable resistance level.
The primary trend of gold prices remains unchanged, with an upward trend indicated by all technical indicators. Expectations for a corrective decline should target short-term support around the $2,316 - $2,305 area, while protective positions should be placed behind the $2,360level.
Throughout the day, the technical outlook for gold prices will be closely watched with the following price levels in focus.
Gold Prices Surge as Central Bank Buying Boosts DemandToday, the world gold price listed on Kitco stands at $2,340 per ounce, marking a $28 increase compared to yesterday morning.
International Market Insights:
Gold prices regain upward momentum, driven by central bank buying activity in Asia.
A recent report reveals that the People's Bank of China added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year.
Senior analyst Ricardo Evangelista from ActivTrades attributes the recent uptrend in gold prices over the past two months to increasing political instability concerns and speculation related to the timing of monetary policy easing by the Federal Reserve.
According to the CME FedWatch tool, traders are currently pricing in a roughly 60% chance of a Fed rate cut in June.
Conclusion: The upward trend of gold is expected to continue until the end of this year due to safe-haven demand amid economic recession fears and ongoing conflicts.
However, a strong US dollar, rising bond yields, difficulty in Fed monetary policy easing, and lingering inflationary pressures may hinder gold's upward momentum in the near term.
Technical Analysis: The Bollinger Bands are narrowing, and gold is gradually forming a minor correction after reaching new highs earlier in the session. There is a high likelihood that the uptrend will continue from the nearest support area.
From a technical standpoint, the situation is complex as it is challenging to identify strong reversal zones while the price is trading in an uptrend. In such a scenario, attention should be paid to support levels to sustain growth, as well as local resistance areas for potential upward breakthroughs.
Central Bank Buying Boosts Precious Metal Prices to Record HighsToday, precious metal prices soared to unprecedented levels due to strong central bank activity in Asia. According to a newly published report, the People's Bank of China alone added 160,000 ounces of gold to its reserves in March. In addition, countries such as Turkey, India, Kazakhstan and several other countries Eastern European countries also actively bought gold throughout the year, contributing to a sustainable upward trend in prices.
Despite expectations for a potential change in interest rates, elevated gold demand is predicted to continue until the end of the year due to underlying supply constraints caused by concerns surrounding a recession. ongoing economic and geopolitical tensions. Gold's resurgence is just beginning, with Western retail investors likely to enter the market in the near term, further pushing the precious metal to new record levels.
XAUUSD Increased intensity, many surprising factorsGOLD is presently growing precisely as I expected. Anyone who watched yesterday`s Tiktok Video that I published overdue will apprehend why I nonetheless went up whilst there had been mild Gold Decreases from 15>20 in rate.
>Gold rate maintains to boom to the 234x area
At this rate, if anybody nonetheless holds the Buy Gold Order, they need to pull the SL Positive and take 1/2 profit. Today Continue watching for extra New reactions to go into Buy.
>A Canh Session Gold Buy GOLD round 2334>2338
SL 2333
TP 2346>235x
>Temporary Selling Rhythm I have not visible any symptoms and symptoms of a reversal yet, so do not sell. If there may be any information, I will replace extra 👌❤️❤️
-------------NEWS------------
Today`s gold rate withinside the international improved dramatically withinside the context of China, Türkiye, India, Kazakhstan and a few Eastern European nations shopping for this treasured metallic to boom forex reserves.
This element makes speculators anticipate gold charges to boom. Accordingly, they improved their shopping for role via way of means of 20,493 contracts, to 178,213 contracts.
Bart Melek - commodity analyst at TD Securities, stated that vital financial institution shopping for and geopolitical tensions are elements helping international gold charges.
Meanwhile, analysts warn that when greater than a 12 months when you consider that 3 banks withinside the US collapsed, the operations of many banks are nevertheless broken because of trouble in convalescing the mortgage amount.
Perhaps this facts has stimulated monetary traders to boom the want to refuge capital in treasured metals.
Profit 18K, sell first and then buy goldDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2338 position.
Today’s transaction can be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a Not a bad result.
Gold is currently trading near the 2338 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again.
Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Already made 18K profit, continue to work towards better profitsDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2330 position.
Today's transaction can actually be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a not a bad result.
Gold is currently trading near the 2336 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again.
Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
