XAUUSD : Gold will grow strongly again, right?Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting
Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance.
As of early Asian session, spot gold price was stable around 2,330 USD/oz - up nearly 5% over the month - ahead of the FOMC meeting on Wednesday. After higher-than-expected inflation data was released in recent months, authorities are expected to change their stance in a hawkish direction. This raises the possibility that BoA may have to abandon proposals for more rapid interest rate cuts that Fed Chairman Jerome Powell made in December.
Traders predict that the Fed will only cut interest rates a maximum of two times by the end of the year - this is the lowest prediction since November 2023. Higher interest rates typically impact gold negatively because gold is a non-yielding asset.
Although the expected timing of the Fed's interest rate cut was pushed back, gold prices still increased more than 13% this year thanks to many factors such as strong buying demand from central banks and support from Asian markets. (especially China) and rising geopolitical tensions globally (from Ukraine to the Middle East).
In recent days, gold prices have also been supported by a weaker USD. The dollar fell on Monday after the yen jumped on fears the Japanese government would intervene to support its currency for the first time since 2022. Any further moves by Japan could put pressure on the Japanese government. pressure on the USD, making gold more attractive to investors because gold prices are calculated in USD.
Xauusdforexsignal
XAUUSD : A quiet week for gold before the FOMC meetingGold prices opened the new trading week with a slight decrease, however the decrease was insignificant, currently trading around $2,335.
Many traders choose to stay on the sidelines ahead of important events this week such as the FOMC meeting and the release of US Employment Data. As a result, gold price volatility is likely to be limited at least until Wednesday afternoon, when the Fed's decision is announced.
From a technical perspective, the rising trendline at $2,320 could help the market stabilize and support the price. However, if this key support is broken, sellers could increase the pressure and push gold prices down to $2,205. If the downward trend continues, it may pave the way for gold prices to return to $2,260, corresponding to the 38.2% Fibonacci retracement threshold of this year's price increase.
Conversely, if gold prices recover from current levels, the first resistance will likely be at $2,355 and then at $2,395, a level that corresponds to a downtrend line drawn from the historical peak. This barrier could pose a major challenge for the bulls, but if successful, gold prices could head towards $2,417 and then potentially retest the historical peak at $2,431 again.
XAUUSD : Will gold fall to 2300 again?Gold has ended its 5-week winning streak, but it can still increase
Gold ended a five-week winning streak on Friday, but its rally is likely not over yet as favorable factors such as demand from central banks continue, even as a wave of net withdrawals continues. from gold ETFs began to reverse.
Gold prices increased 0.3% to 2,348.75 USD, but fell sharply earlier this week as Middle East tensions are showing signs of being contained.
Morgan Stanley said that the road ahead for gold prices will be volatile but more likely to bearish instead of reversing. They forecast a higher likelihood of their bullish price scenario occurring, with gold reaching $2,760/oz in the second half of the year, rather than falling to $2,000/oz.
Although the factors pushing up gold prices show no signs of cooling down, the macroeconomic outlook, in which US inflation seems to be more persistent, causes interest rates to remain at higher levels for a long time. more, causing some to doubt the next rise in gold prices.
"But if economic data remains strong, leading to more persistent inflation concerns, as well as rising geopolitical risks, gold could still be bought regardless," Morgan Stanley said. Thoi added that if the interest rate cut is implemented sooner than expected, this will be another positive factor for gold.
XAUUSD : In which direction will gold move?Gold slid after high inflation in the US extinguished expectations of the Fed cutting interest rates
Gold fell ahead of the Fed meeting, where policymakers are expected to keep interest rates high for longer to control inflation.
Gold prices continued last week's momentum and fell by 0.8%. According to data, the US core PCE index rose at a breakneck pace in March. The swaps market is currently only pricing the Fed will cut interest rates once this year, well below the cut. around 150 bps is expected at the beginning of the year. High interest rates are often negative for gold because gold has no interest rate.
Gold also lost some support as demand for safe-haven assets weakened, geopolitical risks also decreased as the US was trying to secure a ceasefire agreement in meetings in the Middle East.
The foreign exchange market is also in the spotlight as the possibility grows that Japan will support the JPY after the currency fell to its lowest level in more than three decades. If they act, the USD will weaken.
Gold has risen about 13% this year, hitting a record earlier this month even though the Fed's cut deadline was pushed back. This price increase is linked to central bank buying, strong demand from Asia, especially China, and rising geopolitical tensions from Ukraine to the Middle East.
Xauusd up Gold News: Read the Latest Analysis on XAU/USD
Gold, Silver Price Outlook: Precious Metals Seek Directional Cue
Implied gold volatility (GVZ) has experienced a notable drop now that the risk of a broader conflict in the Middle East has subsided massively. As a natural result, gold prices have pulled back but remain at elevated levels. Gold bulls may be looking to a slightly weaker dollar in anticipation of a bullish continuation for the metal but in recent weeks, gold has appeared detached from its usual inverse relationship with the greenback as the two have risen together.
Gold 30-Day Implied Volatility
Gold Price: Current Pricing, Prices Chart & Rate Graph
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 2338
Target 2370
XAUUSD : Gold prices recovered slightly ahead of US PCE dataGold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level.
Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart returned below the 60.00 threshold, the uptrend of XAU/USD is still maintained as the price is still above the short-term SMA lines. .
Today, the market's focus will be on US PCE data, which will give the market more information about the Fed's interest rate direction in the near future. Therefore, if US inflation continues to exceed market forecasts, gold prices will adjust sharply.
XAUUSD : Is gold showing signs of decline?Gold moved sideways after two days of decline as Middle East tensions cooled
Gold prices have continued to weaken in the Asian session on April 24 after recovering slightly in the US session yesterday thanks to US PMI data and currently XAU/USD is trading around $2,320.
Gold prices have now adjusted slightly and are currently trading around $2,320 after rebounding to $2,330 thanks to the weakening of the USD. Although gold prices are still supported by geopolitical risk concerns in the Middle East, gold's upward momentum seems to have weakened.
The price's current resistance lies at $2,350. If buyers successfully push the price through this zone, the $2,400 threshold will be within sight.
The market is now shifting focus back to US monetary policy. The PCE index - the Fed's preferred inflation gauge expected to be released on Friday - is forecast to remain stubborn in March, reinforcing the case for a delay in interest rate cuts, a thorn'' for gold because gold is not profitable.
What influences the course of gold?World gold costs generally tend to lower with spot gold down 2.four USD in comparison to remaining week`s final stage to 2,388.eight USD/ounce.
The international gold marketplace remaining week fluctuated in line with a acquainted pattern. Gold costs constantly touched new highs way to being boosted with the aid of using refuge call for because of fears of escalating tensions, however then retreated and entered a consolidation phase.
Kitco News' state-of-the-art weekly gold survey suggests that each Wall Street specialists and retail buyers hold to trust withinside the treasured metal's strength, with 71% of Wall Street specialists and 64% of popular buyers. Retail members taking part withinside the survey forecast that gold costs will growth this week.
According to SIA Wealth Management marketplace strategist Colin Cieszynski, dangers continue to be great and will cause marketplace rallies. Sharing the equal opinion, senior commodities broking Daniel Pavilonis of RJO Futures additionally stated that geopolitical conflicts will hold to push gold costs up despite the fact that there's no on the spot escalation.
XAUUSD: Gold is still on the rise and waiting for a bGold prices turned down slightly at the beginning of the Asian session
XAU/USD's decline has continued and the precious metal is currently trading around $2,377 today morning.
After rising above the $2,400 threshold last Friday, gold prices have adjusted back down after tensions in the Middle East were contained and are currently trading around the $2,377 threshold. However, the upward momentum of precious metals is still being maintained as risk-off sentiment is still covering the financial market.
This week, the market's focus will be on PCE data - the Fed's favorite inflation measure, which will be published on April 26. If PCE inflation continues to be higher than expected, the USD will strengthen and limit gold's rise.
Don’t go short, go long gold directlyToday, due to the expansion and escalation of geopolitical conflicts, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran repeatedly downplayed the tension, and gold turned downward. It has given up all the gains, with the lowest falling to around 2372.
Judging from the current situation, although gold has risen with the help of the news, it has indeed broken through the suppression of the recent high of 2395, and the pressure above has been released. When gold fell to the 2375-2370 area, its downward momentum further slowed down. In the short term, the 2375-2370 area still has certain support. And the risk aversion in the market is still there, so I think gold is still primed to rise.
Therefore, in terms of trading, I will first consider using 2375-2370 as the support area to go long gold. After gold rebounds, I will backhand short gold. 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.
XAUUSD : Gold has continued its upward momentumGold surpassed the $2,400 mark due to concerns about conflict in the Middle East
Gold surpassed $2,400 an ounce as concerns about rising tensions between Israel and Iran boosted demand for the safe-haven asset.
Gold prices rose as much as 1.3% and are headed for a fifth consecutive week of increases after unverified reports of attacks in Iran, Syria and Iraq.
Tensions between Iran and Israel have increased since last weekend's attack, with Iran warning against attacking its nuclear facilities and threatening to respond in kind if they are attacked. Meanwhile, the US called for peace measures.
raises concerns that the Fed will wait further before cutting interest rates because high interest rates often have a negative impact on gold.
Strong demand from global central banks and Chinese consumers has also supported gold prices. Data on Thursday showed gold exports from Switzerland to China rose 31% in March compared with February.
Spot gold increased 1.1% to 2,404.95 USD/ounce. The Bloomberg Dollar Spot Index rose 0.2%. Silver, palladium and platinum also rose.
Already made 18K profit, continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, gold first rebounded to 2392 today and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, the short-term rebound of gold did exceed my expectations.I originally thought that gold would not rebound beyond 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full 290 points of profit! Achieved profit of over $18K for the day.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 position area many times recently, and has started to fall downwards from there. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bull momentum, we can appropriately lower the short-term resistance expectations to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of news. With the current reduction in interest rate expectations, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, its dominance gradually declined, and the market always returned to the technical level. Overall, gold has a demand for a correction at the technical level, which to a certain extent has also suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may trigger a short counterattack and gold is sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies. The top focus will be on the key resistance area of 2390-2395.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Already made 11K profit, consider shorting gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696
2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228
3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769
Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have continued our 9-game winning streak in recent gold transactions. This is a very good result.
For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it rose to 2400 many times. So after failing to break through many times, whether due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time.
The pullback is coming as soon as it comes, and the current lowest level of gold has dropped to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even around 2350, which means it may replicate the short-term trend on April 16th.This will lay the foundation for a short-term adjustment trend.
Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to directly go long in gold now, because once gold cannot recover the decline as soon as possible, gold may continue to fall. Therefore, before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will develop a trading plan accordingly!
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.
The opportunity to go long gold is here againDear friends, gold’s short-term rebound has reached a maximum of around 2394, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading around 2381, so does gold still have room to conquer 2400 or even higher?
Although gold has stopped below the 2400 level many times in the short term, gold has shown great resilience during the decline. And as gold continues to step back to test support, the lows below are gradually moving upwards, continuously consolidating and building up the support strength below. With continuous testing, short-term support has now moved up to the 2380-2375 area. Therefore, I feel that the short-term pullback of gold happens to be a relatively healthy trend, laying a solid foundation for sprinting to the 2400 position, and it is even possible to hit a higher position.
Therefore, in terms of trading, I still believe that the short-term pullback of gold will be a good opportunity to go long on gold. I still maintain the main trading rhythm of going long on dips. In the short term, I will mainly focus on the support of the 2380-2375 area below. 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.
XAUUSD : Gold will increase due to middle east politicsGold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold
Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback.
Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
XAUUSD : Gold is likely to fluctuate strongly to 2500 ?"Precious metals" regained what they lost during the US session on Monday
During the Asian session on April 16, gold prices recovered and are currently trading around $2,386.80.
On April 15, world gold prices adjusted slightly downward after US retail sales were higher than market expectations, however the upward momentum of XAU/USD returned early this morning and Currently the precious metal is trading around $2,386.80. If bearish momentum increases in the near term, support at $2,268 will come into view, with $2,233 lower.
The focus of the market today will be the speech of Fed Chairman Jerome Powell.
The anxiety underpinned gold's rally even as expectations for when the Fed would cut interest rates were pushed back. Instead, gold prices have been supported by other factors including strong buying by central banks, rising demand from Chinese consumers and rising geopolitical risks.
There is growing evidence that the inverse relationship between bullion and US real interest rates is faltering. This phenomenon happened on Monday, when gold prices increased along with US government bond yields.
Citigroup raised its 2024 gold price estimate to 2,350 USD/ounce and adjusted its 2025 gold price forecast to 2,875 USD. This happened after Goldman Sachs Group said that gold prices will increase continuously in the future, raising its year-end prediction to $2,700.
gold buy confirm signal Gold price consolidates the rebound below $2,400 amid risk-aversion. Dollar gains on strong US Retail Sales data despite easing Middle East tensions.
Will Gold reclaim $2,400 ahead of Powell speech?
As observed on the four-hour chart, Gold price is holding comfortably above the 21-Simple Moving Average (SMA) at $2,363, having reclaimed that barrier in Monday’s North American trading.
The Relative Strength Index (RSI) is pointing north while above the 50 level, currently near 61.0, justifying the latest move higher.
If buying momentum gains traction, immediate resistance is seen at the $2,400 round figure, above which the record high of $2,432 will be retested.
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 2371
tp1 2375
tp2 2379
tp3 2383
tp4 2400
Xauusd Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
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 2366
Target 2370
Target 2374
Target 2380
Target 2400
Go long gold and count the money with your eyes closedDear friends, judging from the current overall trend of gold, it has become the norm for the market to fluctuate widely on a roller coaster, but there is still strong support below during the pullback. The short-term level has successfully built a double bottom structure, laying a solid support foundation for the bottom. According to the gold structure, there should be room for gold to rise, and the 2390 position is certainly not the end. Therefore, the short-term decline of gold is to better accumulate upward momentum, which is more conducive for gold to challenge the 2400 mark again.
In addition, the situation in the Middle East is getting more and more intense. Although there are occasional calms, the market risk aversion will not disappear. Once the conflict in the Middle East escalates, it will lead to a surge in market risk aversion and stimulate the rise of gold!
Therefore, in the short term, whether from a technical level or a news level, the energy of gold bulls is still tenacious, so we should follow the trend in trading and seize the opportunity to do long gold when gold falls. From this, we might as well boldly go long gold in the 2370-2365 area, and then patiently wait for the rise of gold to bring us considerable 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.
gold short Gold Price: Current Pricing, Prices Chart & Rate Graph
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 2350
tp1 2354
tp2 2358
tp3 2362
tp4 2366
tp5 2370
tp6 2400
sl 2335
Gold’s 13th consecutive victory, continue to short goldDear friends, today gold has been in a retracement situation. Although there have been several symbolic struggles, in the end the bears have the upper hand. The current lowest gold price has been around 2324. Of course, our short gold order around 2360 also successfully hit TP: 2349. We gained a lot of profits from this.
At present, gold maintains a volatile and weak situation. In the short term, I still maintain the view of being weak on gold, and gold is likely to fall into a continued retracement, and the target below is the 2320-2310 area. But if the short position is established, gold will also rebound to a certain extent after the breakthrough, and the technical level below will also give the bulls some support. Then gold will give us the opportunity to short gold again after it rebounds.
Therefore, in terms of trading, we can now first consider shorting gold in the 2355-2360 area, with the target looking at the 2340-2338 area. 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.
XAUUSD : Gold hits 2,400 mark amid chaos in the Middle EastGold prices continue to increase thanks to geopolitical tensions in the Middle East
Gold prices have recovered during today's Asian session and are currently trading around $2,360 as the market worries that the war situation may escalate in the Middle East.
Over the past week, gold prices have experienced an impressive increase to $2,400 despite the strength of the US dollar and currently XAU/USD is trading around $2,360. The reason for this partly comes from the market's risk aversion as geopolitical tensions in the Middle East continue to increase.
This week, the market's focus will be on US retail sales and the speech of Fed Chairman Jerome Powell.
Gold surpassed $2,400 an ounce on Friday, but closed lower as technical indicators suggested gold's rally had overheated and investors closed positions.
The latest developments in the Middle East prompted a wave of searches for safe assets, with concerns about possible Israeli retaliation likely to support gold in the near term.
Some Wall Street experts believe that gold's rally is expected to continue through at least the second half of the year. Citi previously said gold serves as a hedge against inflation and is a safe reserve asset for central banks.
Goldman Sachs has raised its gold price forecast from $2,300 to $2,700 because gold is not affected by normal macro factors.
A conflict between Iran and Israel is unlikely to have a knock-on effect, with Arab states only calling for restraint on both sides. Saudi Arabia has even indicated that Iran wants to sabotage the normalization of relations between the Arab world and Israel.