XAUUSD - Precious metals leveled off after soaringAfter many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up.
Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and energy prices decreased from 4.3% to 4.1%, meeting market expectations.
At the same time, the US also announced the number of initial unemployment support applications of 209,000 applications, better than the forecast of 210,000 applications.
Analysts say that utilization in the US is decreasing and the improving job market will push the US Federal Reserve (FED) to raise interest rates in November 2023 and maintain high interest rates for a longer period of time. .
The value of the USD has skyrocketed after the above information. The 10-year US bond core increased by 4.65%, the 2-year bond increased by 5.07%.
Under pressure from the USD and US bonds, gold prices may decrease after being able to control 1,885 USD/ounce. So they took the opportunity to sell it and make a profit. As a result, today's world gold price decreased by 15 USD to 1,870 USD/ounce at 6:00 a.m. on October 13.
Xauusdtrend
XAUUSD - Gold prices continue to rise with no signs of stoppingWorld gold prices increased this morning with spot gold increasing by 14.2 USD to 1,874 USD/ounce. December gold futures last traded at $1,873.80/ounce, up $13.50 from yesterday morning.
World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly despite the September meeting compilation of the US Federal Reserve (Fed) showing that the central bank is committed to maintaining "higher" monetary policy market settings. " over the longer term " The Federal Open Market Committee (FOMC), the Fed's policy arm, continues to support interest rate increases until it is certain that growth will fall to the 2% target.
The gold market is proving solid after escaping its lowest level in 7 months last week. While the market remains risky, World Gold Council (WGC) analysts said last month's selling pressure could be a buying opportunity for advisors.
XAUUSD: Gold keeps reaching new highs, 1875 buys with the trendGold is still on an upward trend, and it continues to reach new highs! There are still data released in the US market, now it is still waiting for the pullback to continue buying!
With the strong upward trend of gold, do not go short against the trend, but continue to go long with the trend to the end! Gold has now broken through the suppression of the 4-hour Bollinger Band and the early rebound high, indicating that the bulls are very strong and will continue to reach new highs!
Long, the US market relies on the support of 1875 to continue to be long and bullish. Unless the market breaks through 1875, do not go short easily!
XAUUSD: Gold is poised for a second rise, directly long 1848Today, gold jumped short and opened higher and maintained a high level and traded sideways. It is obviously to accumulate energy for a second rise! At present, I have seized the opportunity of the callback and entered the market at 1848 to go long, and then wait for the rocket to launch!
The trend of gold has changed, which Nick already reminded last Friday, and prompted a long call of 1815, and finally successfully reached the target price of 1833!
The Palestinian-Israeli conflict accelerated the upward trend of the market, directly reaching the point in one step and establishing the start of the upward trend!
If there is a strong upward trend, don't expect a big correction. Instead, buy directly when there is a small correction. You can still cover your position when it falls back and continue to bullish new highs. The target position is the three lines in the picture. You can decide according to your own situation. Go adjust!
XAUUSD: Gold’s correction is another opportunity to buyGold has pulled back as scheduled, but it still stands firmly above yesterday's consolidation. That means the upward trend remains unchanged. The pullback is a buying opportunity. Buy directly at the current price of 1856 in the European market. It is bullish. Lay out the current price and refuse to be an afterthought!
The trend is rising and the market is in the right direction, so don’t be afraid of a long way to go! Think about yesterday's trend. Didn't it fluctuate for a day and then surge to a new high in the evening? The recent trends follow this pattern, with the Asian and European market adjusting and the US market rising!
Now the pullback gives us another opportunity to enter and buy again! Then follow the plan, enter the market directly by going long, and just continue to be bullish!
XAUUSD- Gold prices climbed high, oil and USD went downWorld gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning.
Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the precious metal hold on to its previous gains due to the rise in bond yields.
Although gold is not shining, market analyst Fawad Razaqzada at City Index believes that this precious metal will still find strength in a risk environment. Besides, the fact that the USD did not find motivation after Friday's stronger-than-expected employment report has made many investors think about the possibility that the greenback has peaked and that is a good sign for the market. golden school.
This expert said that spot gold continued to hold above 1,857 USD/ounce on Tuesday afternoon (US time) and that was the first important short-term resistance level. While a slight pullback from this level is understandable, the reality is that support in the long-term area around $1,805 to $1,820 an ounce was in place last week, before the risks flared. political geography. This expert said that is a good sign for gold.
XAUUSD - Will gold recover this week?World gold prices this morning tend to increase with gold prices increasing by 2.5 USD, so the trading level is up to 1835.6 USD/ounce.
In trading late last week, the gold market demonstrated recovery momentum as the labor market breakout revealed some weakness despite last month's increase in jobs. The modest increase ended a long series of declines since the US Federal Reserve (Fed) kept interest rates unchanged at its policy meeting on September 20 and the US jobs report was recently released. sending gold prices right to a 7-month low.
Kitco News' latest ongoing gold price survey fails to find a clear picture of gold's direction this week as both market analysts and investors are evenly divided on the precious metal's outlook for week ending October 13.
Specifically, among the analysts who consulted the survey, 38% thought gold prices would be higher this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. Meanwhile, 43% of retail investors participating in online Main Street tours expect gold to rise this week, 42%11 predict lower prices, 15% see prices moving sideways in the near future. limit. limit.
The survey shows that retail investors expect gold prices to trade around $1,842/ounce this week, $30 lower than last week's expectations.
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Going long gold is profitable as expectedThe trading ideas I gave you today are still based on long gold at low levels, and I remind you to do long gold around the short-term support position today. The first support position we focus on is the 1846-1844 area.We were long gold around this area. Gold has now successfully touched my expected profit target position of 1854. Congratulations to all of us on our first victory of the week today.
Gold has been affected by the geopolitical situation. So far, gold has reached a high of around 1855. According to the current structural trend of gold, the upper suppression point of gold is around 1865, followed by the 1877-1875 area. Therefore, 1855 is definitely not the highest point of this round of gold rebound. I expect gold may hit around 1865 and maybe even hit the resistance area around 1875. Therefore, in the next short-term trading, we will mainly be long gold at low levels. In addition, CPI data will be released this week. This data will be the highlight of our gold trading. I believe that as long as we seize this opportunity, we will reap profits beyond expectations.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
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!
XAUUSD: Gold’s decline has come to an end, 1815 lows are bullishAlthough the data for gold were negative yesterday, the market did not continue to reach a new low, which also proved what was said yesterday that the market will start to fluctuate and adjust! If the weak is no longer weak, it will turn strong. Gold is still bullish at low prices today. Go long at 1815!
It can be seen from the 4-hour trend of gold that it has been declining before, and the strength of the rebound is very small! Each rebound encounters resistance from the Bollinger Band mid-rail pressure for 4 hours and then begins to fall. However, the market has begun to change in the past three days. Although it is still subject to the suppression of Bollinger's middle track, it no longer breaks new lows!
When things go awry, there must be a demon. Today's strong decline can hardly continue to a new low, which means that the market is about to change! And today is the day when the big non-agricultural data is released. With the right time, right place and right people, the market can turn around at any time! The low-long position started in early trading, and the upper pressure continued to focus on 1833. If it breaks through, the rebound will be established!
GOLD - Precious metals are expected to continue to declineWorld gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week.
The USD on the world market spread and increased sharply in the international payment basket. The Dollar-Index - measuring the strength of the USD in a basket of 6 host currencies increased by 0.24% compared to the previous session, up 106,300 points
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Meanwhile, James Stanley, senior market strategist at Forex.com, said gold will likely maintain its recent range this week. Stanley doesn't think another recession will produce a bottom, although it could happen
Gold price increased again, short-term trend is difficultEven though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning. (Hanoi time) None I).
Hard US Government bond yields remained around the 16-year high, increasing 0.28% to 4.795%/year at 6:15 a.m. this morning.
Experts say that the increase in gold prices despite two profitable assets, bond yields and the increase in the USD, is due to the increasing conflict in the Gaza Strip, which has so far shown no signs of cooling down.
According to experts, when geopolitical tensions escalate, it will create economic activity regardless of the regime. Because global commodity supply chains will more or less affect and disrupt supply. This will make economies that are still deeply hurt by the epidemic and geopolitical tensions in Russia - Ukraine, now continue to be hurt by tensions in the Gaza Strip.
However, experts also warn that investors should be careful when on October 12, the US will announce the September consumer price index (CPI). This is the number that determines whether or not the US Federal Reserve (Fed) will raise interest rates. If this index increases or is forecast, many Feds are still likely to raise interest rates once, putting pressure on gold.
Seize the opportunity to go long gold in the short termToday we are still long gold near 1815. Gold has rebounded to around 1820. Our current long gold position still has good profits.
For gold, although gold has not really started its upward trend yet, gold has been fluctuating in the 1820-1815 area recently, and gold is currently showing signs of bottoming. As gold bottoms out, gold will start a new round of rising prices at any time. And in terms of technical attributes alone, gold is currently in a technical oversold zone, and the chart shows a bottom divergence signal. After gold falls below the triangle shape, gold is likely to complete a bottom in a short period of time and start a rebound at any time.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD: Gold prices have stabilized, ready to buyThe decline of gold has now come to an end for the time being, and it will enter a short-term shock, within the 1815-45 area! Go long near the 1817 position to see a rebound. If you have not bought, you can buy directly at the current price of 1821. Pay attention to the pressure of 1833 at the top. After the breakthrough, it is bullish to the 1845 line!
Judging from the 4-hour chart, gold has always been suppressed by the Bollinger Band, and every time it touches it, it will break down again! But now that this position has not been broken for three consecutive days, and the decline has temporarily come to an end, then the next rebound in the trend will definitely touch the pressure of Bollinger's upper track!
Long, the US market is bullish at low support, and then short after encountering resistance and pressure above! The initial jobless claims data in the US market is released, and it is expected to rebound first and then fluctuate like yesterday!
XAUUSD: Waiting for rebound SellThe downward trend of gold has not changed, but it did not continue to make a new low yesterday, which also shows that there is a need for market adjustment! But the rebound is not strong enough, and it is still a short trend! So today, wait for the rebound before going short. You can rely on the pressure near 1830, the high point of yesterday's rebound, to continue to go short. If it is close to 1830, you can go short directly!
When the trend is down, every rebound is a short-selling opportunity! And even if the short position is not good, you can continue to add positions after the rebound. There is only one final result, continue to break new lows! The shock is for another better decline!
Today, relying on the high pressure of yesterday's rebound, we will continue to go short. We will first look at the shock adjustment during the day, and continue to look at new lows in the US market! The target support below is still 1800!
"Gold's Battle at 1944: A Crossroads"#XAUUSD On September 1st, encountered a formidable resistance barrier at 1950 and subsequently began its descent toward the established support level at 1885. Interestingly, the downward trajectory was interrupted as gold found a reversal point around the 1900 mark. Currently, the precious metal is in the process of retesting the 1944 resistance level.
Should gold successfully breach the resistance at 1944, it could signal a potential bullish move, with the price poised to ascend towards higher levels, possibly reaching 1985. However, if the resistance at 1944 holds firm, there remains the possibility of a downward correction in the gold market.
Sell Entry - 1942
TP1 - 1900
TP2 - 1885
Buy Entry - 1946
TP1 - 1980
TP2 - 2015
SL - Join Our Channel
XAUUSD: Current price Buy, target 1905The gold price fell during the day, which was in line with my prediction. Unfortunately, I was not given a suitable opportunity to enter the market. There’s nothing you can do about it if you miss it, after all, it can’t be perfect!
Gold is now falling close to 1890, the lower weekly Bollinger track. Unless the market breaks directly, there is a high probability of a rebound! So we plan to play for a rebound near 1890 and enter the market directly with long orders!
The overall downward trend of gold has not changed, so long is short and it is short-term speculation! It’s nice to see a rebound, but wait until it reaches above 1900 and continue shorting! It wouldn’t be a pity if you don’t succeed. After all, it is still necessary to play at the support position of the big cycle. Just do the right thing and leave the rest to the market!
XAUUSD: Sell enters, waiting for the US market to plummetThe shorts continued to fall during the day, and judging from the market trend, the current market is running very slowly, and there are very few opportunities for operations. If this wave of shorts is missed, it is estimated that we will have to wait all afternoon. The market rhythm and direction are not something we can change. , If the mountain cannot be overcome, I will overcome it. Since the trend cannot be changed, then change our positions and methods! Therefore, short positions can continue to be short after the price rebounds slightly to around 1914, and the target is unanimously towards the 1905 line!
One-hour technical analysis shows that the pressure on the upper moving average and the trend line continue to diverge downward. The time value shows that the pressure on the US time moving average and trend line will be revised downward to around 1915. I don’t need to say more about the criticality of the point. , the trend of picking up money is fleeting, and those who are hesitant are destined to fail, and most of them will become a stepping stone for others!
XAUUSD: Bearish today, target 1916Gold fluctuates during the day and maintains operation in the range of 1917-27. Now gold rebounds first and is close to the pressure position of the range shock. Then go short first. The current price of 1926 is directly short. Look for a correction. The price will fall to around 1916 and then increase!
The current trend of gold is still fluctuating, and no real trend has emerged. Operations must be based on the pressure support position and reverse operations!
Gold was previously a shock pressure position near 1930. It is expected that this rebound will continue to fall after encountering resistance at this position. The short-term market will fluctuate and continue to operate within a range! The European market is short at first, then gains after falling to support!
XAUUSD: Gold returns to support, ready to buyLooking at the trend of gold, it started to fall after encountering resistance and the pressure of the daily Bollinger upper track, so the current trend of gold is still fluctuating at the daily level! After the data, the market surged higher and fell back, and now it has fallen to near the support of the 4-hour Bollinger Band! Have rebound demand!
Gold is still in a big shock trend at the daily level. Operations should be treated as shocks. Pay attention to the pressure at the 1936 position above the rebound. If there is resistance, we are always ready to go short!
Before that, we can seize the opportunity of a wave of rise
As of now, our golden winning rate still maintains a 100% winning rate, and I will continue to maintain it. If you want to get my accurate signal as soon as possible, you can contact me below
GOLD:Trading strategy
Today, gold tested 1928-1929 many times, but it did not fall, so it proved that the support here is very strong, so I decisively asked my VIP customers to buy.
Gold gave us a surprise and made us a lot of profit
Now we need to pay attention to the resolutions of the Fed meeting, which will affect the trend of gold.
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XAUUSD: Ready to buy at 1930Gold continues to be bullish today! If gold is going to change, the chance will only come after tomorrow! Before that, don’t change your mind easily! Neither the rise nor the fall will last for long, and the fluctuations within the day have been relatively small recently, so don’t chase the rise or fall easily.
Tomorrow is the interest rate decision, and gold will run in a narrow range before the data! Looking at the daily line, the pressure on the upper track of the gold Bollinger Band is 1945, but this position may not be the end of the rise. Whether it continues depends on the performance after the data!
In the short term, gold's rise continues, and operations are still dominated by lows and longs! The intraday range is small. If you miss it, don’t be anxious. You should wait patiently for the pullback to get a bullish opportunity near 1930!