XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold prices take a nosedive as a buoyant US Nonfarm Payrolls (NFP) report throws a shadow of uncertainty over expectations for a Fed rate cut in May. The United States Bureau of Labor Statistics (BLS) recently released robust NFP data for January, revealing a surge in employment with 353K new hires, surpassing the consensus forecast of 180K and the 216K payrolls added in December. Despite market anticipation for a slight increase, the Unemployment Rate remained steady at 3.7%.
Adding to the market's jitters, Average Hourly Earnings exhibited a robust growth rate, surpassing expectations. The persistent strength in the inflation outlook has raised concerns among investors. The positive momentum in the labor market is anticipated to shift Federal Reserve (Fed) policymakers towards a more conservative stance, potentially leading to the extension of higher interest rates.
In the recent monetary policy statement, Fed Chair Jerome Powell emphasized the need for policymakers to gain greater confidence in the sustained return of inflation to the 2% target. This, coupled with the upbeat labor market data, has created an atmosphere of uncertainty, prompting a significant impact on gold prices.
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 behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,035 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, a breach below the $2,035 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#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.
Xauusdsignals
GOLD on the rally to collect liquidity? {09/feb/2024}Educational Analysis says GOLD XAUUSD may move in this range for some time according to my technical.
Broker - OANDAA.com
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because there are alot of liquidity with fair value gaps and recently it sweep liquidity to the upside, My analysis says it is going to go upwards for more Money, haha
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Gold- Bearish under yesterday's highIn my comment from yesterday, I argued that even if the price managed to break above the 2030 interim resistance, my outlook remains bearish.
During the trading day, bulls failed once again at the peaks and were unable to keep the price above 2040.
The rise from the 2015 zone is corrective in nature, and when considering the formation of a small head and shoulders pattern over the past two days, we may anticipate a continuation to the downside.
Confirmation, as explained yesterday, comes with a break below 2030. In such an instance, the focus shifts to the year's low and potentially extends to 1980.
As long as the price remains below yesterday's high, selling rallies is my preferred strategy.
XAUUSD Trading plan on 4H break-outs.Gold (XAUUSD) is technically neutral on the 4H time-frame, ranged within the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line). The 4H RSI is on a pattern which usually denotes a short-term peak, similar to January 19 and 12. We will apply a break-out trading plan.
As long as the price remains within a Channel Down similar to that of Jan 19 - 25, we will be bearish, targeting 2020. If the price closes above the Channel Down and Resistance 1 (2045), we will dump it and turn bullish, targeting 2065 (Resistance 2 and +2.47% from the Low, which is a standard rise % in the past 4 weeks.
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Gold Wednesday trend analysis
As shown in the figure, if the gold price breaks through the 2028-2030 range. Then I will choose to try to buy near 2020.
If gold rises in the 2028-2030 range, I will choose to sell in 2040-2045.
I still hold yesterday's sell order of 2038. The gold price in the past two days has been relatively boring. If there are good trading signals, I will actively share them with everyone. Please join me and follow my updates
Gold- Bears (and me) need the price back under 2030In yesterday's post, I mentioned my expectation for the price of OANDA:XAUUSD to continue its descent and test the year's lows around the 2005 zone. After an initial drop from the 2030 resistance, as anticipated, Gold broke above this level and reached a high of 2038.
Currently, my trade is experiencing a 30-pip loss, and despite being above the interim resistance levels at the time of writing, I maintain my bearish outlook and anticipate the price to retrace back below 2030. Technically, based on the chart analysis, 2030 now acts as confluence support.
My target zone remains around 2000, with potential expansion down to 1980.
Negation of this bearish scenario would occur with a daily close above the 2040 zone.
XAUUSD : Is gold likely to return to 2010?Gold fluctuated slightly as markets remained cautious in a week with few important data
Gold prices have not had many strong fluctuations as the market waits for new catalytic factors on the precious metal.
During the February 6 session, gold prices mainly traded in the range of $2,023 - $2,029 before rebounding to $2,036 at the end of the day when the USD's upward momentum slowed. Geopolitical tensions in the Middle East continue to be a concern as the US has increased its response actions against the Houthi rebels. Gold's resistance remains at $2,050 and support appears at $2,030.80. Gold is currently down slightly to $2,034.
Fed officials' speeches will remain the main mover for gold as investors maintain caution in a week without much economic data.
GOLD SELL HERE ON DIPS !!!HELLO TRADERS!!
Starting this week.
#GOLD IS NOW TRADING
in Down trend as we can see from many weeks its rejecting even geopolitical and many other fundamental's going on around the world but data is also show us coming thing which is important to trade on weekly based or daily based even scalps i can see as rejecting zone near 2030$ it make a fake put and then test sell zone area and then fall... right now DXY will be technically ranging until FOMC and post FOMC. Markets are awaiting the Fed word this week on whether they need to keep rates up higher for longer (DXY bulls and stock market bears) REALITY
OR
If they are still on a solid path to achieve 2% inflation and will give more rate cut discussions (DXY bears and stock market bulls) GREED OVERALL the Fed does NOT need to be aggressive or forceful with any monetary policy decisions as the heavy lifting on rate hikes has past and they do not want to falsely signal on rate cuts. My personal prediction is expecting Feds to be Neutral - Hawkish toned. Bringing the focus back that rates need to remain higher, no rate cut talks, no rate cut schedule, etc. As CPI has edged back up, PCE stagnant, policy lag effects not fully felt, Fed job not finished, cannot risk the 1970s Fed mistake of pivoting too early, Stock market at ATHs (correction would be very controlled in terms of price stability) and Fed speakers pushing back rate cut hopes I see a more neutral - hawkish toned FOMC.
But I can be completely wrong so adapt accordingly if so. its just an trade idea share your thoughts with us in comment session it help us all to trade #GOLD
The battle between the stocks market GREED vs data REALITY continues.................
if bulls stay in the market we will follow our prediction on
Gold buys have a look on that chart too its on 4H TF attached in comments
Gold could visit year's lowsAfter a week of erratic movements characterized by spikes both up and down, OANDA:XAUUSD bears succeeded in pushing the price below the 2030 median support level, reaching a low within the 2015 zone.
Subsequently, a reversal ensued, and the price has now rebounded above 2025. However, considering the new fundamental developments and the unlikelihood of a rate cut at the next meeting, Gold may encounter headwinds, potentially leading to further price declines and a revisit to the 2005 low.
Moreover, a break below this level would expose the significant technical support at 1980. The overall market structure remains bearish below the 2040 mark.
Gold- I'm waiting for clarificationLast week, OANDA:XAUUSD moved like a headless chicken, with spikes up and down but not managing to decide either way.
From a technical standpoint, we have a strong resistance around 2060 and support between in 2025-2030 zone.
After Friday's strong reversal from resistance, the odds are in favor of a down break, but as the title says, I am waiting for a clear signal.
A daily close under 2025 would put pressure on the down side and expose 1980 support.
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
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🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GOLD (XAUUSD): Bullish Outlook Explained 🥇
Gold nicely respected a key horizontal support on Friday.
The price formed a tiny double bottom formation and violated its neckline
during the NY session.
We can anticipate growth on Monday.
Goals: 2050 / 2055
❤️Please, support my work with like, thank you!❤️
XAU/USD | GOLDSPOT | New perspective | follow-up detailsOver the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of Gold.
Despite soft Personal Consumption Expenditures (PCE) figures from the US in December not causing a significant market reaction, there is anticipation surrounding the Fed's upcoming meeting. Currently, the markets have shifted their expectations for the start of the easing cycle from March to May, but the Fed's stance could alter these expectations. While US economic data remains strong, the Fed could use trends in core PCE to justify implementing rate cuts.
The Gold price (XAU/USD) is expected to see changes following the release of the US Core Personal Consumption Expenditure – Price Index (PCE) report for December, which indicates a slower pace of price growth than anticipated by market participants. Annual underlying inflation data has slowed to 2.9% from an expected 3% and a previous reading of 3.2%.
Fed policymakers are facing a balancing act, considering robust economic indicators such as consumer spending, the labor market, and Gross Domestic Product (GDP). These factors could support arguments for higher interest rates in the first half of 2024.
Given the uncertainties, how do we plan to strategically position ourselves for the upcoming week? I have a strong sense that we may experience significant market movement in the coming week.
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 behaviors, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,000 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, a breach below the $2,000 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
Immerse yourself in the latest dynamics of the Gold market! Stay well-informed to make strategic investment decisions.
#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.
XAUUSD is still Bearish long-term and this is why.Following the two day price surge after the Fed kept the Interest Rates unchanged and communicated their intensions of being in no rush to cut rates, we believe it would be beneficial to look Gold (XAUUSD) from a long-term perspective again and in doing so, we are updating our December 27 2023 (see chart below) comparison between the 3 Cycle Tops since August 2020:
As you can see, we were spot on with shorting the rejection on the 0.618 Fibonacci level (which was the case on the previous 2 Cycles (their first Lower High)) but even though the price did break below the 1D MA50 (blue trend-line), the recent 2-day rise is delaying the 1975.00 Target (Support 1).
However Gold is not completely unfamiliar to this as during September 2020, the price made several Lower Highs as well, before hitting Support 1. The 1D RSI break-out sequence above the Falling Wedge, confirms this exact expectation that Gold may trade sideways for as long as a month before a new Lower Low.
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Xauusd buy now guy's use this analysis confirm Chart As observed on the daily chart, Gold price confirmed an upside break from a month-long symmetrical triangle formation after closing convincingly above the falling trendline resistance at $2,036 on Wednesday.
The 14-day Relative Strength Index (RSI) indicator points north above the midline, suggesting that there is enough room for the upside.
Traders have paid little attention to the Bear Cross validated on Tuesday after the 21-day Simple Moving Average (SMA) crossed the 50-day SMA from above on a daily closing.
With the bullish bias likely intact in Gold price, the immediate strong resistance is seen at the previous day’s high of $2,056, above which the December 12 high of 2,062 wil be tested. Further up, the $2,070 round figure could challenge bearish commitments.
Xauusd buy now 2038 limit trade 2034
Confirm Target 2055
Always follow the trend
Gold traders are waiting for the FEDIn my commentary from yesterday, I mentioned that as long as the price remains above the 2015 support zone, bulls hold the upper hand, and OANDA:XAUUSD could rise, potentially breaking above the 2040 resistance level. Indeed, this occurred.
However, strong volatility ensued following the break, and buyers were unable to maintain the price above this level. Gold remains in a state of uncertainty, between support and resistance for now...
Today's press conference from the Fed could shed some light and provide insight into future medium-term movements.
From a strictly technical standpoint, as I explained yesterday, the outlook is bullish, with a daily close above resistance serving as confirmation.
In such a scenario, I anticipate a continuation towards the 2080 zone.
GOLD (XAUUSD): Fed Rate Ahead! Your Plan:
Do not forget that today we are expecting FED interest rate decision and press conference.
Gold will most likely react strongly to this news.
Here are the potential scenarios.
Bullish
The market formed an ascending triangle formation on a daily,
it is currently testing its neckline.
If the price breaks and closes above that, it will be a strong
bullish signal that will push the prices at least to 2054 level.
Bearish
There is a strong rising trend line that the price is currently respecting.
Its bearish violation and a daily candle close below will be
a strong bearish signal.
The market may drop then all the way down 1978 level.
Wait for the news release and then wait for a breakout, it will give you a strong confirmation.
❤️Please, support my work with like, thank you!❤️
Gold fabricate Buying PressureGold is on killing spree towards sell since January 8 as almost 5 attempts t0 break $2038 - $2042 cluster on resistances AS now we have 2 options for todays session.
1- if the $2042 break properly then next targets will be $2052,$2060.
2- if again it retraced back as clearly in D1 timeframe next bearish cycle remains valid and our targets will be $1982 for medium term targets.
our targets $2020
$2010
$2000