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XAUUSD | GOLDSPOT | New perspective | follow-up detailsOn Thursday, Fed Chair Jerome Powell joined his teammates in endorsing a stable interest rate policy, providing further support for the XAUUSD. Amidst increasing geopolitical risks, with the conflict between Israel and Hamas spreading to more countries in the region, Gold extended its weekly rally and reached the $1,990 area for the first time in five months on Friday. This surge in Gold prices is driven by safe-haven flows as investors seek to reduce risk exposure, combined with a downward correction in US yields. Additionally, Atlanta Fed President Raphael Bostic has indicated the possibility of a rate cut in 2024, suggesting a potential shift in monetary policy if economic conditions warrant it. Cleveland Fed President Loretta Mester has also expressed that the Federal Reserve may be at or near the peak of its rate hike cycle, emphasizing that the central bank will closely depend on incoming data for its decision-making process in the next monetary policy meeting. As we look ahead, this week's economic calendar will feature key events such as US flash PMI data, the release of Q3 Gross Domestic Product (GDP) on its preliminary reading, Durable Goods Orders, unemployment claims, and the Fed's preferred gauge for inflation, the core PCE. XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities. The $1,985 zone will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullish momentum is sustained then the breakout of the $1,985 will serve as a platform for new highs. However, if selling pressure persists below $1,985 just as it had done in the last 5 months $1,900 we could witness renewed selling pressure back into the demand zone at the $1,900 zone. Stay tuned for more thrilling updates on the Gold market! Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 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
1
XAUUSD Is this rally coming to an end?Two weeks ago (October 07) we called for a new Bullish move (see chart below) on Gold (XAUUSD) as the price hit the 1W MA200 and held it The sheer force behind this bullish move has surpassed all technical expectations as it is also fundamentally driven by the Middle East tension. Gold acts as a safe haven in times of market uncertainty. In any case, the rally broke today above the 0.618 Fibonacci retracement level (from the ATH) and entered the 5-month Resistance Zone that is in place since May 18 and has 10 rejections under its belt. The 1D RSI broken yesterday into the +70.00 overbought territory so a technical pull-back isn't at all unrealistic now. It all depends on the 1D candle closing (which will also be the weekly closing). If the candle closes below 1979 (0.618 Fibonacci), it will be an early bearish signal. The target of the first correction of the previous similar bullish leg in March was the 4H MA50 (red trend-line). As a result, if the candle makes that closing, we are willing to take the risk and target the 4H MA50/ 1D MA200 (orange trend-line) Support cluster at 1935. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
1
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold prices showcased an impressive rally, primarily propelled by mounting geopolitical tensions in the Middle East and the optimism surrounding the Federal Reserve's (Fed) decision to refrain from further interest rate hikes this year. The precious metal exhibited remarkable resilience, bouncing back swiftly from a knee-jerk reaction triggered by the United States Consumer Price Index (CPI) report for September, which revealed higher-than-expected headline inflation, exerting bearish pressure initially on Thursday. However, gold quickly regained its footing as traders placed their bets on an unchanged interest rate decision by the Fed in its upcoming November monetary policy meeting. This confidence was further bolstered by the CPI's core inflation reading, which softened in line with market expectations. Adding to the positive sentiment, Philadelphia Fed President Patrick Harker offered a neutral perspective, stating that concerns about persistent inflation were notably absent in recent data. This assurance reinforced the belief that the central bank would maintain the current interest rates, providing a supportive backdrop for gold prices. XAUUSD Technical Analysis: In this video, we dissected the XAUUSD chart from a technical standpoint, analyzed the key levels, analyzed historical price moves, market behaviors, and buyer-seller dynamics, and uncovered potential trading opportunities. The range between the $1,900 and $1,930 zones will remain our center stage for this week. Its historical significance makes it a crucial point. If the bullishullish momentum is sustained then the $1,900 and resistance of the descending channel will serve as platform for new highs. However, if price breakdown/retest the $1,900 we could witness a renewed selling pressure. Stay tuned for more thrilling updates on the Gold market! Hit the like button if you found this analysis helpful, and don't forget to subscribe for more insightful content! 📺🔔💼 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
Gold: Planning Strategies Today Today's trend seems a bit dull compared to yesterday. The white market fluctuated in a range of less than 10 US dollars. I believe everyone has been sitting there all day without knowing where to start. However, no matter how the market goes during the day, the trend is still maintaining a good bullish trend. In the evening The operating idea is still the same as the white market, maintaining the low and long operating strategy! Since the situation between Palestine and Israel, the risk aversion in gold prices cannot subside in a short period of time. Just like the previous situation between Russia and Ukraine, the price of gold has increased by nearly 300 US dollars, and now it has only increased by 130 US dollars. Don’t be afraid that there is no room. With the current situation, Director Wang will at least wait until the 2000 mark before giving up! Unless the gold price falls quickly below the support of 1935 at this stage, bulls will be willing to temporarily stay on the sidelines! The one-hour trend, so far, shows that the bulls are strong and the gold price has very little retracement. With such a strong trend, even if the current gold price valuation is on the high side, short positions are very tempting to most investors, but they would rather miss it than take the risk. try! Technically, the moving average support continues to diverge upward during the day. The first support is currently at the 1949 line, and the current trend line support is at the 1936 line. The stable operating strategy is to wait for the price to fall back to the 1940-1943 line before continuing to do long positions. The market outlook target is first Look at the previous high of 1963 and then look at the historical pressure level of 1885!
OANDA:XAUUSDLong
by Dylan-Jones
XAUUSD Channel Down turning into Inverse H&S?Gold (XAUUSD) emphatically smashed the bullish target we set 2 weeks ago (see chart below) and made a standard Lower High at the top of the 5-month Channel Up: The price also hit the 1D MA200 (orange trend-line) in the process and that is a technical sell, with which we will target 1890 (just above Symmetrical Support 2). Since however the October 06 rebound was initiated on the 1W MA200 (red trend-line), it may not just be a Channel Down Lower Low but a long-term market bottom and the Head of an Inverse Head and Shoulders (IH&S) pattern. A Bullish Cross completion on the 1W MACD, will largely confirm that. Being a technical bullish reversal pattern, the IH&S typically targets the 2.0 Fibonacci extension, so 2095 is our long-term target. But on the shorter term, if the price breaks above 1953.50 (Resistance 1), we will target 1987 (just below Resistance 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
2
XAUUSD: Lucrative week, next week The Israeli-Palestinian conflict escalated sharply, and panic helped gold jump more than $60. At the same time, the Federal Reserve spoke, sending a heavy signal, or ending the pace of interest rate hikes. Next week brings the focus of the Fed's frequent speeches, especially whether Powell has brought surprising remarks. Next week watch for a continuation of the rally above 1920, with new highs continuing to see resistance pressure in the 1947-1950 area. At the same time, if the market continues to fall back and adjust, it has fallen below the 1920 position and continues to see support at the 1900 position. We also made a profit of nearly 150 points this week, and next week we will focus on whether the conflict escalates! If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
XAUUSD: Today's gold analysis and advice The day will focus on the United States September import price index monthly rate, the United States October one-year inflation expectations, the United States October University of Michigan consumer confidence index preliminary value, according to yesterday's data performance, the evening data will be biased towards bearish gold prices, coupled with 2023 FOMC voting committee, Philadelphia Fed Chairman Harker on 2023 economic prospects speech. From the daily line, the Bollinger band closed, the gold price yesterday rose to the first line of 1885 dollars, that is, near the Bollinger medium rail resistance, which is also an important support position for gold in late August, a place where the top and bottom conversion, breaking through this position to open the space above. 4 hours, the Bollinger belt has signs of closure, the price of gold in the upper track near the resistance after the pullback, in the impact of the data back to yesterday's 1870 support line, did not form an effective break, then, the day's gold prices are likely to maintain in 1870-1875 this range of oscillations, before not falling below the 1870 line, gold short line or more shocks, Even if it is to fall, there will be a second test resistance process, today's gold price short-term attention above the 1885 line of resistance, below the 1870 line of support. Short-term strategy reference: High probability scenario: bullish above 1865, target 1890-1900; Low probability scenario: Bearish below 1865, target 1855-1850. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
XAUUSD: Gold operation thought and analysis Gold jumps $30 as Fed downplays rate hike. The Israeli-Palestinian conflict continues to escalate and is expected to expand, and the sense of panic continues to rise. At the same time, the Federal Reserve again downplayed expectations of interest rate hikes, and the dollar ushered in a sharp retreat. Gold extended to a new high of 1865 today after yesterday's rally. Pullback 1853/1854 Long, target 1864-1870 If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
Gold- Today could be Pivotal Day for Market Direction"As explained in yesterday's video, Gold is still in a bearish structure overall. However, after the incapacity to break under 1855 during the trading day, I decided to close my short trade with a minimal 30 pips loss and decided to wait and see. As the title suggests, today is a very important day for Gold traders, and after inflation and FED minutes the direction could become more clear. On one hand, as I explained, Gold is still bearish overall, and a spike up and reversal during the day could reinforce this outlook and could very well put a top in place. On the other hand, a spike down and reversal to the upside or a direct rise and daily close near the top of the range could mean a reversal of the longer-term trend to the upside.
OANDA:XAUUSD
by Mihai_Iacob
26
MACRO MONDAY 15 ~ Gold Performance During RecessionsMacro Monday 15 Gold Performance During Recessions vs S&P500 With the U.S. Treasury Yield Curve being inverted since July 2022, many leading analysts believe that the U.S. economy is headed toward a recession in coming months. Many of the charts covered on our Macro Monday releases are signaling some recession concerns (not confirmations). With this in mind, we will start looking at assets that perform well during recessions. This starts with non-other than the obvious, Gold. The aim of this Gold chart is to establish if gold is a good asset to hold during recession periods versus holding general market indices such as the S&P500. The obvious thought would be that it would offer a hedge of sorts but we want to back that up with the data and a visual. We are parking any preconceived notions that gold is a safe haven risk free asset and we will focus purely on the data from the last 8 recessions. Lets see how Gold fares. The Chart The chart measures golds price movement from the beginning of each recession period to what the price was when Gold exited the recession period. The recession periods are the green and red shaded areas on the chart. The measurement for the S&P500 price decline during the recession periods (in the table provided) is measured from the S&P500 entry price at the beginning of each recession period to the lowest price point during the recession period (not the exit value from the recession period as used for Gold). I used the lowest price during the recession periods as a measurement for the S&P500 as it illustrates the maximum damage to a portfolio holding the S&P500 index within a recession period. Chart – Main Findings 1. The average length of the 8 recessions on the chart is c.11 months during which: - The average return for Gold was +7.3% and, - the S&P500 declined by an average of -35.6% 2. Based on the above figures in 6 out of the last 8 recessions Gold outperformed the S&P500 by 42.7% on average. 3. Recession 6 and 4 are the outliers which show that Gold decreased in value during these recession periods by -9.3% & -6.3% respectively, however Gold still performed better than the S&P500 in both cases (S&P500 declined by -12.7% & -16.3%). Overall Golds performance during the last 8 recessions certainly provides an argument for its inclusion in investors’ portfolios. During these periods of market uncertainty and volatility it is highly probable that your Gold position will perform better than the S&P500 and afford your portfolio some protection from the potential average S&P500 price declines of 35.6%. It appears that you could expect an average return 7.3% for holding gold through a recession period (which is an average of 11 months). Whilst this is a very small gain, it is a relatively risk averse gain for these periods of great uncertainty. It’s important to note that there are other assets to consider such as the Cash and Government Bonds both of which can pay a yield. If these yields are providing a higher real return (yield being paid minus current inflation) then they could be more attractive than an asset like Gold which is not providing a yield and which could decrease in value over the same period (such as in No. 6 and 4 above). There are also other commodities and value stocks to consider during recessionary periods. We will have a look at these alternatives in coming Macro Mondays to compare their performance to Golds during recessions. Gold has established itself as popular among investors because it can be used as a hedge against currency devaluation, inflation, or deflation. Thus investors seek safety in the precious metals like Gold when they are concerned about losing real value from otherwise safe assets like cash and US government bonds. I believe this chart demonstrates Gold is worth holding in any investors portfolio during periods of recession and uncertainty. PUKA
FX_IDC:XAUUSD
by PukaCharts
XAUUSD: Next week's gold view Late gold view: The lower support is this week's low near 1810, no matter when it can be long. The upper resistance is near the high point of 1849 this week, and once the market effectively breaks 1849, there will be a rebound, and it is estimated that it will rise to 1880. If 1849 is blocked, gold will double dip or fall back. The daily line dipped to 1810 on Friday, and peaked at around 1835 in the evening, still very much in line with expectations. The daily line closed long under the shadow of the Yang line, the trend on Monday to rebound mainly. Daily support near 1820, touching can be long. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
PLAN TRADING GOLD WEEK : 09.10 - 13.10.2023Gold has formed a falling price channel for a long time. Gold prices channel below and reacts to shallowing and is gentle. With Intensity waiting to reach the upper boundary ( 1875 - 1900 ). Just saved with the Fibo degeneration zone ": 0.5 - 0.618 - 0.786 of the previous down wave. Gold may move towards the fibo zones. If it really reaches 1956, then it will be clear that the trend has reversed. Otherwise, still have to wait around 1724. Therefore, the general trend is that we will still watch for Short-term BUY during the week. TP like mentioned above. Summary : BUY Entry : 1820 - 1825. Stoploss : 1810 Target : 1850 - 1863 - 1880 - 1890 - 1900 Goodluck Everyone !
OANDA:XAUUSDLong
by Finn_Rm3x
XAUUSD Channel-to-Channel Cycles. New Bull or 1700 next?This is not the first time we chart these Cycles on Gold (XAUUSD), as we did our latest study on September 27 (see chart below) and we were quick to catch the break-out sell on the 1W MA50 (blue trend-line) towards the 1W MA200 (orange trend-line): This time though, we add the Channel element as well as the unique US10Y/DXY ratio and the mix proves to be quite accurate. As you see every Channel Down (red) is formed on a rising US10Y/DXY ratio, which is naturally expected as both the US10Y and DXY are negatively (inversely) correlated to Gold. Similarly every Channel Up (green) is formed while the US10Y/DXY ratio gets neutralized. Right now the ratio is on the rise, hence the Channel Down on Gold, and the price hit the 1W MA200 (orange trend-line) for the first time in 11 months (since November 07 2022) and immediately reacted with a bounce. At the same time, the 1W RSI hit the top of the 2-year Support Zone. Every time the RSI hit this Zone, while the US10Y/DXY ratio was rising, Gold started to form its market bottom. The only time this RSI Support Zone got hit and Gold didn't rise was when the ratio was declining (July 11 2022). Right now we have the conditions for a market bottom as the ratio is rising. Next week will be critical as if it closes the candle in green and the RSI reverses, then we can see a 1-month bottom formation that will lead to the new Channel Up. If not, we can't rule a price as low as 1700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
5
Gold: shocks remain unchanged Gold is now maintaining its bottom and oscillating sideways. The decline has temporarily come to an end. If it is no longer weak, it will become stronger! Moreover, the release of the big non-agricultural data in the U.S. is expected to lead to a skyrocketing rebound! The US market continues to be bullish relying on the support of 1815! Plan your trade, trade your plan! The current decline in gold is obviously not strong enough! And it will no longer break new lows! The U.S. large non-agricultural data is expected to be similar to the small non-agricultural data, and will start a rebound trend! Long, the U.S. market relies on the support of 1815 to be bullish on lows. The upper side will pay attention to the pressure of 1833. If the 1833 position is broken, it will prove that the market has turned and the rise has begun! Gold is over 1815, stop loss is 1807, target is 1833.
OANDA:XAUUSDLong
by Dylan-Jones
Gold- Before NFP and beyond technical analysisLet's think beyond technical analysis and consider what Gold is likely to do. We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away. So, two questions arise: Is it that simple for Gold to stay put for three days so everyone can buy and profit? Secondly, who's selling if everyone sees this? Are they blind, or do they want to lose? With that in mind, I believe Gold will continue to decline, and I have two scenarios for NFP: 1. A spike up and then a drop below support. 2. A direct drop below support. Of course, I could be wrong.
OANDA:XAUUSD
by Mihai_Iacob
20
Gold- Drop- Base- Drop pattern?After the break under 1915 important confluence support that I've spoken about, XauUsd dropped like a stone, with a drop counting 1000 pips. Although most of us expected some correction after, Gold started to consolidate instead and bulls were unable to elevate the price to confirm the last broken support level at 1855 (at least so far) The price action from Tuesday looks like it wants to form a "drop-base-drop" pattern and a break of 1810 zone would confirm this scenario. In such an instance traders could expect a new wave of strong selling and the new led down could lead to a drop at 1730 zone support. In any case, Gold remains strongly bearish as long as the price is under 1855
OANDA:XAUUSDShort
by Mihai_Iacob
4