Gold will also test the 2180 area, don’t rush to chase long goldDear friends, there must be only one question for everyone now, and that is, will gold continue to fall?
I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again.
So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better!
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.
Xauusdforexsignal
XAUUSD : Why is Gold fluctuating strongly?The recovery in gold prices weakened as the US dollar rebounded.
During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5
There won't be much major news coming out in the near term, so all eyes will be on the US PCE data, released on Friday as traders look for data to predict. When will the Fed lower interest rates?
🥇Gold🥇 Waiting for Correction✅As I expected, the Gold (sniper) touched the 🎯 Target 🎯 of the previous posts .
🌊According to the theory of Elliot waves , it seems that Gold has succeeded in completing the main wave 5 and now we have to wait for correction waves .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to continue its downward trend to the Support line and the Fibonacci levels (38.2% and 50%) .
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
gold buy chartFollowing a quiet Asian session, Gold turned north and advanced to $2,180 in the American session. Although the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, the selling pressure surrounding the USD supports XAU/USD.
The daily chart for the XAU/USD pair shows that bulls retain control. The bright metal develops above all its moving averages, with the 20 Simple Moving Average (SMA) heading firmly north below the current level while above also bullish 100 and 200 SMAs. At the same time, technical indicators have turned flat within positive levels after correcting extreme overbought conditions, reflecting absent selling interest.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold buy now 2174
TP1 2180
TP2 2190
TP3 2200
SL 2150
XAUUSD : Will gold continue to rise again after today's data?Gold turned down as the market waited for the CB consumer confidence report.
Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report.
In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and bounced to $2,181 before correcting to end the day at $2,175.
Today, the market will receive CB's consumer confidence report and durable goods orders. Currently, gold is falling to $2,171.
XAUUSD : Gold is rising again at the first session of the week.Gold rebounded at the beginning of the new week, waiting for the upcoming PCE report!
Last week, gold rose sharply after the FOMC meeting but reversed most of the gain after a series of US economic data at the weekend.
Last week, gold prices swept in two directions after economic data, especially after the Fed's interest rate policy meeting. The precious metal rose from $2,154 to $2,222 after the "dovish" message from Chairman Powell before turning down sharply and ending the week at $2,164 when the manufacturing PMI index increased stronger than expected.
This week, the market will receive a series of important economic data, including the CB consumer confidence index, GDP report, and PCE index - the Fed's favorite inflation measure. Currently, gold is rebounding to $2,175.
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
XAUUSD : Gold fell sharply as the US economy remained resilient.Gold weakened after lower-than-expected unemployment claims and manufacturing PMI rose, the focus turned to Chairman Powell's speech today.
During the March 21 session, gold prices were under pressure when the number of applications for US unemployment benefits was lower than expected and the manufacturing PMI index increased. The precious metal dropped sharply from $2,207 to $2,166 after the news, then increased slightly and ended the day at $2,182.
Today, the market will receive Chairman Powell's speech on the recent interest rate decision as well as the future prospects. Currently, gold is falling to $2,176.
GOLD BUY CONFIRM SIGNAL 100% Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities
Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
gold buy 2174
tp1 2178
tp2 2182
tp3 2200
tp4 2210
tp5 2220
sl 2150
XAUUSD : Gold will continue to set records for itselfGold increased sharply after the Fed's decision to keep interest rates unchanged.
Gold attracted strong buying pressure when the Fed kept interest rates unchanged and Chairman Powell expressed a "dovish" stance.
In the March 20 session, after increasing by more than $10 to above $2,164, gold turned down again and ended the day at $2,157. Earlier today, the Fed continued to keep interest rates unchanged at 5.5% and in the press conference, Chairman Powell emphasized that interest rates should not be delayed for too long. After the meeting, the precious metal jumped to $2,174 and continued its momentum to $2,222 before correcting back down.
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is down slightly to $2,202.
Gold price today (March 20): Slightly increasedWorld gold costs remained nearly unchanged as compared to radiant gold for fast delivery, down three USD to 2,158 USD/ounce. Gold futures remaining traded at $2,161.30 an ounce, down $three.60 from the intense spot.
Gold held consistent on Tuesday as advisors remained on side at the principle US Federal Reserve (Fed) assembly this Wednesday. The convention is predicted to offer extra issues approximately the timing of hobby charge cuts this year.
Currently, the marketplace should ensure that the Fed will hold hobby quotes at this assembly. What is predicted in funding is monetary reviews and charge updates of deliberate policies.
Despite the pressure, gold stays on the assist degree of 2,a hundred and fifty USD/ounce. KCM Trade leader analyst Tim Waterer stated that gold`s short-time period course will rely upon the tone that Fed Chairman Jerome Powell takes at this week's coverage assembly.
According to this expert, if the Fed specializes in the lately introduced CPI, PPI and the energy of the hard work marketplace, hopes for added financial coverage may be extinguished. In that case, gold may also lose assist or even lower in depth.
XAUUSD : Gold slightly corrected ahead of the FOMC meetingGold prices adjusted slightly downward as the USD appreciated thanks to a change in market expectations about the Fed's interest rates.
During the March 19 session, gold prices fell to $2,150 as the US dollar continued to increase in price ahead of the Fed's FOMC meeting. The precious metal's nearest support is at the December 4 peak around $2,145. If this threshold is broken, XAU/USD could fall to the next support zone at $2,097.
Today, all attention will be on the Fed's FOMC meeting at 1 p.m.
GOLD UP The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below the current level, with the 20 Simple Moving Average (SMA) heading north almost vertically far above the longer ones.
Gold price struggles to capitalize on the previous day's bounce from the $2,145 region and oscillates in a range during the Asian session on Tuesday. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside.
Gold now buy 2156
Target 2185
SL 2136
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish".
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
XAUUSD : Gold will fluctuate with FOMC meetingsGold comes under pressure as the week of major central bank meetings begins
Gold extended its decline from last week's economic data, with focus shifting to this week's Fed meeting
World gold prices had a volatile week when US economic data was stronger than estimates. The precious metal plummeted from $2,179 to $2,152 on a higher-than-expected CPI report, causing the market to lower prices for a Fed rate cut. Gold mostly traded in a wide price range of $2,152 - $2,177 before ending the week at $2,155.
Next week, the market will receive a series of important economic data, including the Fed's interest rate decision along with US manufacturing and services PMI data. Currently, gold is falling to $2,151.
Xauusd traits todayGold has spoke back to uptrend resistance and will be at risk of a few recuperation here. That said, buying and selling stays optimistic whilst on this pattern. From a buying and selling standpoint, losses must be confined to 2114 IF charge is shifting better this time round with a near above 2180 wished for a follow-through.
Note that the FOMC hobby fee choice may be introduced subsequent week, wherein we get up to date monetary forecasts associated with growth, inflation, and employment. As always, the dot plot may be below unique scrutiny as markets verify the chance of decrease quotes this year. Catch up on launch facts and tune weekly closes here. Review my cutting-edge Weekly Gold Technical Forecast for an in-intensity study the longer-time period view of XAU/USD buying and selling levels.
XAUUSD weekly Target confirm Gold retreats to $2,160 as US yields rebound
Gold lost its traction and retreated to the $2,160 area. Following a downward correction in the European session, the benchmark 10-year US Treasury bond yield recovered to 4.3%, making it difficult for XAU/USD to hold its ground.
On the flip side, the $2,178-2,180 region now seems to have emerged as an immediate strong barrier, which if cleared should allow the Gold price to challenge the record peak, around the $2,195 area touched last week. Some follow-through buying beyond the $2,200 mark will be seen as a fresh trigger for bullish traders and set the stage for the resumption of a well-established uptrend witnessed since the beginning of this month.
Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
GOLD NOW BUY 2156
TP1 2180
TP2 2200
TP 2240
SL 2110
XAUUSD : Gold is in focus in the news todayGold weakens after US PPI data, focus turns to consumer sentiment report.
Gold falls lower as PPI data is better than expected, boosting USD and US government bond yields.
In the March 14 session, gold weakened after the release of US PPI data increased higher than expected, causing the market to lower the price of interest rate cuts. The precious metal fell from $2,171 to $2,152 following the news but then had a slight upward correction to end the day at $2,158. With the recent PPI data, the Fed will have to consider delaying the policy pivot, which could put pressure on precious metals.
Today, the market will receive the consumer confidence index and the Empire State manufacturing index. Currently, gold is increasing slightly to $2,164.
XAUUSD:Data will be positive for gold bears
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk.
Because the market has already experienced a surge, short sellers are likely to use the data to stimulate a strong sell-off.
If it is beneficial to the gold bulls and the bulls take the opportunity to counterattack, to regain the advantage, they must break through the resistance in the 2180-2186 range, and the fluctuations will be huge.
Therefore, friends who follow, please do a good job in risk management and don't let your account be blown.
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.
XAUUSD : Gold prices fell after US CPI was higher than forecastGold price adjusted to $2,160 after US CPI news.
During the March 12 session, gold adjusted sharply down after the US CPI data was released and the precious metal is currently trading around $2,160. With the RSI indicator starting to trend downward after touching the overbought zone, XAU/USD may also correct in the near future. Gold's current support is around the old peak at $2,145, beyond which is the $2,088 threshold.
For gold prices to surpass $2,200, it may require a stronger interest rate cut from the Fed. But, below are possible reasons why that won't happen.
XAUUSD : Will the upward trend continue?Although interest rates are still remaining high, gold prices are remaining stable and history has proven that gold prices will respond positively to lower interest rates and quantitative easing. Besides, geopolitical risks and unexpected crises can also be the reason to push gold prices higher.
Despite record high interest rates, gold shows notable upside potential. We all know that precious metals often move in the opposite direction of interest rates. In other words, the correlation between interest rates and gold is always opposite.
Real interest rates are fluctuating close to 2008 levels. However, even though real interest rates are quite high, gold prices are also recording an increase. There was a time when interest rates were similarly high, and gold prices were just near the $1,000/ounce mark. So with interest rates like this, gold should be trading around 1000 USD/ounce. But gold prices have been trading steadily above $2,000 for a while. In fact, they are not falling despite multiple rate hikes in 2022 and 2023.
In addition to interest rate cuts and the possibility of an economic recession, there are also geopolitical risks that could cause gold to surge in price. Here are just some of them:
Tensions escalate between Taiwan between the US and China. Remember that the stock market reacted quite negatively to the trade war between China and the US in 2019 and it is possible that a similar situation will repeat.
Conflict is growing between NATO and Russia. This can lead to political, military and economic problems as well.
Tensions increase in the Middle East. A lot has been written about the Houthis in the Red Sea. But the situation could become more serious. For example, Iran could become more directly involved and cause oil supply disruptions and general geopolitical instability.
Of course, there are still many other risks. These factors could push gold prices even higher.