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Gold Price Analysis: Market is waiting to test 1830 again. Gold has been making a solid comeback in the past week, and today it reached above $1800 for the first time since the first week of September. This bit long-awaited move finally came after weeks of impressive gains made following Wednesday's upsurge, which saw gold preserved its bullish momentum. That is an important milestone that XAU/USD has reached above the $1800 price zone. The reason behind such good fortunes? Falling U.S. Treasury bond yields seem to be fueling these advances with their recent poor performance weighing heavily upon USD prices. N.F.P. came super negative, Market sentiment helping the gold price to up as well. Though yesterday C.P.I. printed positive today, PPI fades away. Last week before N.F.P., most U.S. economic reports came positive, but the USD outperformed against the gold. The dollar Index falls below 93.80, nearly ten days lows; as a result, investors are seeking haven assets like Precious Metals. So, recent fundamental and market sentiment is helping the gold price to rise. Technical View: In one of my previous articles, I mentioned that breaking above 1865 may open the door for the 1830/1835 price zone. It seems that the gold market is heading to the 1830/1835 price zone. From the present price zone, immediate resistance is showing at the 1807/1810 price zone. But keep in mind, every round figure play as a support and resistance. SO, 1800 price may play as minor resistance. So, breaking above 1800, next target 1807/1810 price zone. After 1810 gold price may be headed to the 1830/1835 price zone. 1830/1835 price zone is a strong resistance zone and profit-taking zone. So, we may see a significant correction from the 1830/1835 price zone. On the other hand, the gold price rose nearly 450+ pips since yesterday. So, it may be correct to lower if we see Retail Sales and Core retails print positive tomorrow. But I think it has less chance. But usually, it is showing overbought in R.S.I. SO, it may be correct too. As long as gold's price holds above 1780, an uptrend channel's support. We should not go for short. Instead, gold may go up again after testing the 1780/1785 price zone. In case if we see gold price breaks below rising trendline support. We will go for short, and the next target should be the 1750 price zone. And finally, breaking below 1750, the last target to the downside is the 1720/1725 price zone.
TVC:GOLDLong
by Gold_Trading_Expert
1
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