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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.
OANDA:XAUUSD
by LuxeFX_Trading
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.
OANDA:XAUUSD
by Midas_Calista
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.
OANDA:XAUUSD
by Rachel_FX
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.
OANDA:XAUUSDLong
by TheLeader_WOLF
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.
OANDA:XAUUSDShort
by MagicTrader_Manuel
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.
OANDA:XAUUSDShort
by Trader_Manuel
why 5% is a risk for the US over the next 10 yearsHistory indicates that once the Fed honestly cuts hobby charges for the primary time, marketplace hobby charges generally tend to transport barely higher (chart above). In fact, it is usually a sale due to the fact the preceding rumor has been believed. But sooner or later because the Fed endured to cut, the 10-12 months yield endured to fall and discovered a brand new bottom. In the present day cycle, we've got now no longer visible the splendid reduce in hobby prices 10 years after the peak (as a consequence puzzling Mars). This in part displays the relative scarcity of longer-adulthood Treasuries, a legacy of the Federal Reserve-led treasury buildup as a result of the pandemic (aleven though now decreasing). . This helped appear withinside the extraordinarily inverted 2/10-12 months curve on the time of the Fed peak. The 10-12 months yield remained underneath 4% because the finances charge hit 5.3%.
OANDA:XAUUSDShort
by MrTrongVo
XAUUSD GOLD Technical Analysis and Trade IdeaThis video explores a potential trading opportunity in XAUUSD GOLD. Our analysis involves assessing the current trend, analysing price movements, evaluating market dynamics, and identifying a potential entry point under favourable conditions, as discussed in the video. It is essential to integrate effective risk management principles into your trading strategy. As always, it is important to underscore that this content is provided solely for educational purposes and should not be interpreted as financial advice.
OANDA:XAUUSD
by fxtraderanthony
Gold Prices Edge Down Slightly, Forecast Remains BullishToday, gold prices experienced a slight dip, establishing a peak above $2,300 before retracting to around $2,273 during the early trading hours yesterday. Looking ahead, with robust economic data and persistent inflationary pressures, the Fed may be compelled to maintain accommodative monetary policies throughout the summer, potentially driving gold prices higher. Recent gold price increases have been driven more by the overall direction of monetary policy than the timing of the Fed's actual interest rate cuts. While expectations of Fed policy easing have recently propelled gold prices upward, other significant factors, including the government's massive debt, continue to provide strong support for this precious metal, with gold hitting the $3,000 USD/ounce mark likely just a matter of time.
OANDA:XAUUSD
by Larissa-Trader
Gold Market Analysis: Expert InsightsIn the realm of financial analysis, gold stands as a cornerstone asset, attracting attention from investors seeking stability and diversification. As a seasoned financial analyst, I offer a fresh perspective on the current state of the gold market. Gold's recent performance has been characterized by a delicate balance of factors, including economic data releases, geopolitical tensions, and shifts in investor sentiment. Understanding these dynamics is crucial for investors aiming to capitalize on opportunities within the gold market. In this analysis, we'll delve into key indicators and trends shaping gold's price action. From support and resistance levels to market sentiment and macroeconomic drivers, we'll provide a comprehensive overview of the factors influencing gold's movements. Moreover, we'll examine potential catalysts on the horizon and their implications for gold prices in the near term. Whether you're a seasoned gold trader or exploring investment opportunities, this analysis aims to equip you with actionable insights to navigate the complexities of the gold market effectively. Stay tuned for a deep dive into the gold market and expert perspectives on its future trajectory.
OANDA:XAUUSD
by LiLy_Happy
NFP fails to meet expectations, will gold fall?Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market fell short of expectations. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2300. Will gold continue to fall? To be honest, I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent. Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high of 2305-2310 area, and the bearish structure on the hourly chart still needs to be digested at the technical level. The current news and technical resonance are negative for gold, so even if gold rebounds partially and even touches the 2305 area again, I always believe that gold will continue to fall. At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits! 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.
OANDA:XAUUSDShort
by Trader_Manuel
3
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices surged to a record high last week, marking their most impressive monthly performance in over three years. This remarkable rally was primarily fueled by mounting expectations of U.S. interest rate cuts and robust safe-haven demand. Furthermore, escalating geopolitical tensions on a global scale may drive investors towards gold as a preferred neutral reserve asset. While the potential for gold to extend its gains exists, particularly if market sentiments shift towards anticipating a more aggressive Fed-cutting cycle, caution is warranted as signs of buying fatigue are beginning to surface in the short term. Moreover, concerns are arising regarding inflation running higher than desired by policymakers, underscoring the need for vigilance. Market participants eagerly await insights from the upcoming speech by the Fed's Chair, as it could offer valuable clues regarding the future path of interest rate decisions. This video will outline our strategic preparations for the upcoming week, considering these critical factors shaping the gold market landscape. XAUUSD Technical Overview: In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities. Our focal point for the week is the $2,190 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,190 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
Already made a profit of 10K, continue to profit from long goldToday’s gold trading situation is as follows: 1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$ 564 2.Xauusd: @2295-2300 Sell, TP:2291, Profit: +$ 9318 Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $ 9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to make a little progress every day. If you read my last article, you should know that I still hold a long position in gold in the 2285-2287 area. I originally set the TP to 2302, but unfortunately,gold only fell back again after touching near the 2299 position, so our current gold long position has not yet hit TP. However, gold is currently trading near 2290, and we still have a good profit. In fact, according to the current gold trend, if gold has tested the support near 2285 many times and confirmed that the support is effective, then gold will rise again to 2300 points or even higher. At present, gold buying support is strong. In the absence of major bad news, gold will not easily change its trend for the time being. Then gold will maintain a complete long pattern, so this is why I can always hold a long position in gold. If gold tests the 2285 area support again during its decline, it will still be an opportunity to go long gold. 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.
OANDA:XAUUSDLong
by MagicTrader_Manuel
Gold's Upward Momentum ContinuesAs anticipated in our previous analysis, gold continues to advance, encountering no significant resistance. However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory. This is a short-term analysis; while the price may continue to rise directly, those who missed this movement can rely on support at 2287.00!
OANDA:XAUUSD
by Midas_Calista
Opportunities to go long appear againDear friends, gold has pulled back to the 2288-2286 area as expected. First of all, congratulations to everyone. Our short position finally touched our target position, TP: 2288. At present, gold is under pressure to adjust downward after hitting the highest position of 2305. So where will gold fall? According to the current gold trend, gold is currently setting new highs every day, and there is no obvious peaking signal. Therefore, even if gold experiences a short-term correction, do not imagine that it will turn into a downward trend. We can currently find that gold is currently supported at 2285 and 2275. If nothing unexpected happens, I think gold will most likely rebound at these two positions. If gold pulls back to around 2285 and stabilizes, then there is a high probability that it will break through 2300, or even touch around 2320. If gold pulls back directly to 2275, then the strength of the counterattack may not be so strong. The probability will continue to be maintained in the 2310-2290 area. So in terms of trading, next I suggest that you enter the market in batches to do long gold around the two positions of 2285 and 2275. 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.
OANDA:XAUUSDLong
by Trader_Manuel
1
Short-term adjustment, follow the trend and go long goldDear friends, gold has pulled back to the 2288-2286 area as expected. First of all, congratulations to everyone. Our short position finally touched our target position, TP: 2288. At present, gold is under pressure to adjust downward after hitting the highest position of 2305. So where will gold fall? To be honest, gold is currently setting new highs every day, and there is no obvious peaking signal. And our shorting gold in the transaction is nothing more than a short-term profit from a correction. But we must clearly understand our positioning in trading. We are always participating in short-term trading, so we must not fantasize about it turning into a downward trend. We can currently find that gold is currently supported at 2285 and 2275. If nothing unexpected happens, I think gold will most likely rebound at these two positions. If gold pulls back to around 2285 and stabilizes, then there is a high probability that it will break through 2300, or even touch around 2320. If gold pulls back directly to 2275, then the strength of the counterattack may not be so strong. The probability will continue to consolidate within the 2310-2290 area. So in terms of trading, next I suggest that you enter the market in batches to do long gold around the two positions of 2285 and 2275. 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.
OANDA:XAUUSDLong
by MagicTrader_Manuel