Get started

Xauusdtradeidea

Gold Weekly Analysis: It's all about inflation this weekThe US labor market report was one of the most important economic reports last week. IN DECEMBER, the US economy added only 199k jobs where the market forecast was 426K. The unexpected and negative news about the employment data caused fears that the US economy slowed down. At the same time, rates came out saying that Unemployment and wage rates are better than expectations, but markets reacted to this information with poor liquidity. The employment figures, in general, are not too negative, especially if we think that they come at the end of the year. Even though December's numbers were alarming, we should note that this is because of the Corona epidemic, which the United States of America recorded a few months ago. Gold Market Mover Data For The Week Fed Chair Powell Testifies CPI m/m Core CPI m/m 10-y Bond Auction PPI m/m Core PPI m/m Unemployment Claims 30-y Bond Auction Core Retail Sales m/m Retail Sales m/m Industrial Production m/m Prelim UoM Consumer Sentiment Even with this data in mind, it would still be premature to say that job growth has stopped or slowed since December 2021. If job growth continues at its current pace- which seems possible given how vital things seem recent- coverage for the first half of 2022 could quickly occur by late January or early February 2022. The labor market index, or the number two indicator of importance to the US Federal Reserve, is expected to release its monthly report next Wednesday. The inflation index will occupy the number one spot on this list because the US Federal Reserve has changed its monetary policy and tendency towards a more stringent approach. Expectations are that CPI will drop in December at a monthly pace of 0.4% from 0.8%, while Core CPI is also expected to be unchanged at 0.5%. This news could impact stock prices and the gold market as investors expect it would match or exceed expectations- making it an important event for financial markets this week. The market is pricing in an opportunity of more than 80%, according to FedWatch's CME Group tool, with a rate hike in March and four rate hikes this year. This has already been priced in the markets as of this writing. Still, expectations are now rising that US interest rates may increase by four times this year compared to three expectations (in The latest estimates from the US Federal Reserve). These higher numbers will support other movements within the markets. If FED hints at four rate hikes this year in their monetary policy, GOld may not go up as we expected. Rate hiking mostly depends on inflation reports. If the inflation rises as expected, the FED will think to hike their rates. As a result, gold will drop. But if we see another drop in inflation, FED may not hike four times their bank rates this year. So, keep in touch with inflation reports. The markets will also monitor the latest updates of the Omicron variable and the extent of countries' response to confronting the spread, especially after recording record levels in the speed of space and rising cases of anxiety. The US dollar index is trading at 95.90 this morning, with opening prices being higher by about 0.17% since last week's close, as global stocks and gold prices continue to rise following a surge in returns seen over the previous week. If the omicron concerns increase, there is no doubt that gold will test $1865 and the next $1900+. Technical View Gold is forming a triangle. The channel resistance is identified at the $1820 price zone from the present rates and channel support at the $1780 price zone. So, as long as the market holds between channel support and channel resistance, the gold is not changing its long-term trends. Gold was trying to break below the channel support zone several times, but it didn't happen. So gold pulls back after making a fake break out from the support trendline. In the H4 chart, gold price testing 200 SMA, breaking above 200 SMA, our text target to the upside is $1815/125 price zone. Breaking above $1820/1825, we need inflation reports. On the other hand, if the CPI report prints positive this week, gold may fall below trendline support and test the $1780 price zone. For breaking below $1780, we need another Hawkish statement from FED or Powell like last week and any hints that the FED will hike rates four times this year.
TVC:GOLD
by Gold_Trading_Expert
XAUUSD : WEEKLY TRADE PLAN Gold has risen in three weeks due to a weaker dollar. CPI data for the US was released on September 14th, and the earlier CPI data was 0.5 percent. We may see a sideways market in gold this week. I see a pullback around 1808 and 1800 as an opportunity to go long gold before the US CPI data is out. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
OANDA:XAUUSDShort
by mytw0cents
XAUUSD Daily analysis First XAUUSD broke the daily support of 1920.00 and made a big move to the downside. After that big impulse market retested to the 0.618 Fibonacci. In the retest, the market created a head and shoulder pattern and a trendline. I made an analysis explaining from here why we wanted to see XAUUSD made a move to the downside. The market broke the trendline tested it and made an impulse to the downside. Now, Recently the market has tested the 0.5 Fibonacci of that impulse. If you don't have an open position in XAUUSD this is the right time to sell XAUUSD. We can see XAUUSD move to 1830 or 1815 this month.
FOREXCOM:XAUUSDShort
by rafi_trader21
Gold Short Below 1755.00. Next 1720From the present rate 1776 is identifying as an immediate resistance, And Strong swing divergence identifying at 1789.00 price area. From 5th June a major rising trend line playing as a strong support. Gold still holding this rising trend line. Breaking below this rising trend line, Gold may go for big correction. From the present rates 1755 is rising trend line break out area. Along side, 1747 has a double bottom. So 1747 will play as a strong support as well as. If 1747 breaks below minimum H4 candle, Our TP1 target is 1720. And breaking below 1720 will open the door for 1690.00 price zone.
FX:XAUUSDShort
by UnknownUnicorn487550
Sell signal from price actionThe engulfing bar is a great signal from price action. Notice the inside bar false breakout pattern on D1 time frame. This is a good example where the support was broken and tested from the under side as resistance and a sell signal from price action completed. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
OANDA:XAUUSD
by Cmasterza
4
Bears possibly setting up on goldWhen checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking trend bias using the top down method - its not favorable to sell in an up trend so we would need a convincing quality setup to swing down with the bears to around the 1247 level... More details to follow - please check details below for access to Forex Bootcamp and the online training portal. Happy trading :)
FOREXCOM:XAUUSD
by Cmasterza