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Waiting for Gold's correction! XAU downXAU / USD trend forecast September 16, 2024 Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal. According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central bank will lower borrowing costs by 50 basis points later this week. The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures. Based on M45, TRENDLINE to set up SELL signal, wait FOMC news /// SELL XAU : zone 2603-2606 SL: 2611 TP: 50 - 150 - 200 pips (2586) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU ! 9/10 ! The uptrend continues.XAU / USD trend forecast September 10, 2024 Gold (XAU/USD) is exchanging hands above $2,500 on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold. Recent mixed US jobs’ data brought into doubt market expectations of the Federal Reserve (Fed) making an above-standard 0.50% (50 bps) cut to its fed funds rate at the September 18 meeting. This, in turn, had a negative impact on Gold, which tends to appreciate the more interest rates fall because that increases its attractiveness to investors as a non-interest paying asset. Based on M30, resistance and EMA 200 line, TRENDLINE to set up SELL signal /// SELL XAU : zone 2520-2523 SL: 2528 TP: 50 - 150 - 200 pips (2503) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold price continues to trend UP !! XAU INCREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact the US Dollar and limit gold's potential gains. ⭐️ Personal comments NOVA: Yesterday's economic data such as CPI contributed to a stable increase in Gold. The long-term H4 frame shows that Gold continues to increase, returning to the old peak of 2430 is entirely possible. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2365 - $2367 SL $2360 TP1: $2375 TP2: $2390 TP3: $2410 🔥SELL GOLD zone: $2410 - $2412 SL $2417 TP1: $2400 TP2: $2392 TP3: $2380 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
7
Near Christmas, Gold prices maintain a stable Uptrend⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is struggling to take advantage of its temporary increase to a level close to the highest point in three weeks. Currently, it is trading just below $2,050 as we enter the European session on Friday. The US Dollar (USD) has gained some positive momentum, recovering from a decline that brought it to a five-month low. This recovery is seen as a significant factor supporting the gold market. The upward movement of the USD can be attributed to traders adjusting their positions ahead of the release of important US inflation data. However, this uptick in the USD is expected to be limited due to the anticipation that the Federal Reserve (Fed) will shift away from its previously hawkish stance. ⭐️ Personal comments NOVA: Gold price has broken through the 2050 zone and is currently testing around this zone to continue to create momentum and liquidity. Let's wait for the new price increase zone ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2038 - $2040 SL $2030 TP1: $2046 TP2: $2054 TP3: $2065 🔥SELL GOLD zone: $2064 -$2066 SL $2072 TP1: $2058 TP2: $2050 TP3: $2040 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
5
Gold officially has a new peak, increasing strongly✍️ NOVA hello everyone, Let's comment on gold price next week from 4/12 - 8/12/2023 🔥 World situation: Last Friday, after the PMI news and the FED meeting, the information was not good for the dollar, it witnessed a new milestone for Gold. Gold price reaches a new peak in 2075. This is a previously forecast result at the end of 2023. Although information about the war between Ukraine and Israel has gradually decreased, it is still happening. That is also the motivation for Vang to continue to increase strongly 🔥 Identify: Currently, buying power is still very strong. Price is in a nice technical zone to continue increasing December will still witness new record high points for Gold 🔥 Technically: Based on the resistance and support areas of the gold price according to the D1 frame, NOVA identifies the important key areas as follows: New Resistance: $2100, $2150 Support : $2051, $2027, $2005 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper