Get started

Xauusdsetup

He predicts that the price of gold will fall by 1950.Gold prices fell below key levels in Asian trading on Tuesday as traders turned to the dollar ahead of U.S. inflation data that is widely expected to confirm certain interest rate trends. Profit-taking has been active in the yellow metal over the past two weeks, pushing its price to its lowest level in more than three weeks, as prospects for higher long-term U.S. interest rates weaken the yellow metal's outlook. As of 12:32 pm ET, spot gold was down 0.1% at $1,944.71 an ounce, and December gold futures were down 0.1% at $1,948.25 an ounce. . Focus is on rising US CPI, dollar and yields Gold prices came under pressure from a stronger dollar and U.S. Treasury yields as markets focused primarily on interest rate-sensitive assets ahead of consumer price index inflation data later this month. Statistics show that inflation is expected to slow in October after it has exceeded expectations over the past two months. The news also came shortly after many Federal Reserve officials warned that high inflation could incentivize banks to raise rates further. A longer period of interest rates is expected to increase the opportunity cost of investing in gold bullion, putting downward pressure on the gold price. This trade had a negative impact on gold last year, leaving the outlook for gold uncertain. But predictions of a slowdown in the global economy have put some buyers of the yellow metal on hold. Statistics released later in the day are expected to show the eurozone entering a technical recession in the third quarter. The ongoing war between Israel and Hamas is also expected to boost demand for gold as a safe-haven asset, but traders have started pricing in the yellow metal as much less risky in the past two weeks. .
OANDA:XAUUSDShort
by AstronautPioneer
Tuesday gold real-time sharing The daily indicator macd crosses and increases volume, and the smart indicator sto fluctuates in the oversold area, which means that the daily line is still relatively weak. However, yesterday's positive column rise and the end are combined with the current narrowing of the third track of the Bollinger Bands, so the daily line shows signs of rebound in the short term. However, the short-term rebound will not exceed the mid-rail 1972 line. Therefore, the current moving average MA60 is the strong suppression point of the day at the 1964.4 line. The short-term suppression is the 1947.5 line near the current moving average MA5. The short-term support is located near the lower rail and the moving average MA30 corresponding to the 1935-38 line. , the defense of the moving average MA60 moves upward to the 1924 line. Go short around 1946-48, stop loss 1953.3, target 1937-38 Go long around 1936-38, stop loss at 1930, target 1936-1953-1960
OANDA:XAUUSDLong
by Short-term-trading-king
Behind the scenes of the US-China summitNegotiations leading up to the meeting between Biden and Xi in the United States are being portrayed as a tense battle of wits, with both sides trying to gain maximum advantage. The White House has confirmed that US President Joe Biden and Chinese President Xi Jinping will meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit to be held in San Francisco on November 15. The two leaders will discuss a range of bilateral, regional and global issues, as well as ways to responsibly manage competition. This will be the second direct meeting between the two leaders since Biden took office as US president. Officials from both countries have been engaged in intensive negotiations and discussions in recent weeks to reach an agreement.
OANDA:XAUUSDShort
by AstronautPioneer