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GOLD - Gold trading strategy on November 16World gold prices increased today (November 16), but conflicting US inflation data is increasing volatility and risk for precious metal investors. Traders' and investors' attitudes were more optimistic midweek following reports that the US consumer price index for October increased 3.2% year-on-year. CPI is forecast to increase 3.3% year-on-year, compared to a 3.7% increase in the September report. October PPI fell 0.5% from September compared to expectations of a 0.0% increase. 1% during this period. CPI and PPI data met the expectations of those who wanted to see the Federal Reserve pause its interest rate tightening cycle. Now, many Fed market observers believe that the US central bank will continue to pause interest rate increases in the coming months. US stock indexes were higher and at multi-week highs in midday trading, following sharp gains posted on Tuesday.
TVC:GOLDShort
by FalCol_TradingMaster
XAUUSD - Soared when the USD suddenly plummetedThe world's gold price today (November 15) soared when the US announced that the October consumer price index fell lower than forecast. The sudden drop in the USD helped investors return to buying gold when deposit and transaction costs decreased. World gold prices continued to skyrocket this morning due to the USD suddenly plummeting. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - dropped sharply by 1.49% to 104,060 points at 6:20 a.m. this morning (Hanoi time). The USD fell sharply after the US announced the consumer price index (CPI) for October was lower than expected. Specifically, the CPI in the US in October increased by 3.2% over the same period last year, a sharper decrease than September's increase of 3.7% and lower than the forecast of 3.3%. This is the lowest level since March 2021. The core CPI index in October in the US increased by 4% over the same period last year, lower than the 4.1% increase in September and the previous forecast. Experts say that a decrease in the CPI consumer price index will help The US Federal Reserve (Fed) cannot raise interest rates further at its upcoming December meeting. Because the Fed's prediction that it will not raise interest rates any further has pushed the USD down, gold prices have benefited as a result. Because gold transaction and custody costs will decrease. However, experts also warn investors to be cautious, because inflation has decreased but is still far from the target level of 2%. Previously, the Fed Chairman gave the message that the Fed will do everything to reduce inflation to the target level. Therefore, gold prices may still be under pressure if the Fed raises interest rates one more time.
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - PPI today news trading strategyYesterday, the market received information about US inflation data, which more or less affected gold prices. Specifically, the US consumer price index remained unchanged in October and core inflation showed signs of slowing down. CPI increased by 3.2% compared to the same period last year. This level in September was 3.7%. Accordingly, after the inflation report was published, the market predicted a 100% possibility that the US Central Bank would keep interest rates unchanged in December compared to 86% before the inflation report. Weaker-than-expected US consumer inflation data caused the USD and Treasury bond yields to fall, thereby helping gold prices recover. Experts say that CPI data was significantly weaker than expected, which is quite supportive for precious metals. But at the same time, he believes that gold may drop another 4% back to 1,900 USD/ounce in the near future when it no longer benefits from the safe haven channel, due to concerns related to the Israel-Hamas conflict. This expert predicts that the average price in 2024 will be 1,883 USD/ounce and increase to an average of 1,918 USD/ounce in 2025.
OANDA:XAUUSDLong
by FalCol_TradingMaster
gold trading strategy november 14, 2023Gold prices continued to rise today as investors await this week's US inflation data to assess the US Federal Reserve's interest rate roadmap. The consumer price index is expected to rise 3.3% year-on-year, compared with the 3.7% increase reported in September. Core CPI is expected to rise 4.1%, unchanged from September. Bob Haberkorn, senior market strategist at RJO Futures, said gold would likely fall if the data shows that inflation is higher than expected, increasing the likelihood of further rate hikes. . “But if the data is correct, gold will trade at $1,950,” the expert added. Gold fell 3% last week, dropping by more than $60, as demand as a safe-haven asset weakened and Fed Chairman Jerome Powell's hawkish comments dampened expectations for rate cuts. According to the CME FedWatch tool, markets are pricing in an 85% chance that the Fed will keep rates unchanged at its December meeting and a 75% chance that it will cut rates next July.
OANDA:XAUUSDLong
by TrategySherpa
AUDNZD: Awaiting the RBA's decisionThe Australian dollar might give back most of its recent gains against the U.S. if the Reserve Bank of Australia opts not to raise rates next week, given the groundswell of opinion backing a hike. Thirty-five out of 39 economists polled by Reuters expect the RBA to increase rates on Nov. 7, with only four predicting a hold. All of the “Big Four” Australian banks are in the majority forecasting a hike, including Westpac where newly-installed chief economist Luci Ellis was until recently assistant governor at the RBA. AUD/USD scaled a five-week peak of 0.6456 on Thursday, as the risk-sensitive AUD benefitted from global equity gains, hours after AUD/NZD notched a 19-week high of 1.0948. If the RBA springs a dovish surprise and keeps rates unchanged on Tuesday, AUD/NZD pair could sag towards 1.0820 area. Australia’s central bank most recently raised rates in May (when 75% of economists polled by Reuters expected a hold). With these in mind, we will follow a simple bearish setup and try to take a short position on a potential technical bounce with a stop loss above the previous top. Trade with care Like | Share | Comment
Short
by TheAnonymousBanker
5
Continuing the downward trend, can gold create a new bottom?World gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at 1,963.5 USD/ounce, up 5.7 USD compared to yesterday morning. The slight weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other currencies. Currently, the market is waiting for the speech of the Chairman of the US Federal Reserve (Fed) for more clues regarding the Fed's future monetary policy roadmap. Along with interest rates, gold's safe-haven demand from geopolitical tensions is also gradually drying up, making it difficult for gold to have a sustainable increase over the past week. Looking at the long term, in a recent study by Capital Economics, experts said that, although geopolitical instability due to the conflict in the Middle East has created some positive fluctuations for the gold market, but prices will eventually move higher as the Fed begins cutting interest rates in 2024. Gold could end the year at $2,100 an ounce.
OANDA:XAUUSDShort
by FalCol_TradingMaster
EURGBP SELL | Day Trading Analysis Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURGBP I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
11
BluetonaFX - SILVER Range Zone SHORT to SupportHi Traders! Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area. Price Action 📊 The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to use the EMA as a focus point to sell rallies. Fundamental Analysis 📰 Ultimately, precious metals in general got hit this week, as the US dollar has rebounded quite a bit. Additionally, interest rates in America are picking up, which has offered a bit of a reason for investors and speculators to start selling precious metals.   Support 📉 22.292: PREVIOUS DAY'S LOW 20.678: 4 WEEK LOW Resistance 📈 22.838: PREVIOUS DAY'S HIGH 23.765: RANGE ZONE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly.
CAPITALCOM:SILVERShort
by BluetonaFX
1
#CADCHF here we go again. Hello dear traders and friends, Let's take a look at CADCHF chart once more time and see the potential buying opportunity in this pair. Last week, if you recall, the price managed to break above the 4-hour timeframe range area, and we were waiting for a price pullback to initiate a long position. This pullback indeed occurred, and we were able to secure a favorable position at the location marked by the previous green up arrow. You can review that trading idea by following the link below. Once again, the price has reached the support area, which also serves as a 4-hour low. This means that for the bullish market structure to be maintained, the price should not close below this low. Otherwise, there is a possibility for the price to move towards the lower low. For a more conservative approach to entering a position, we recommend waiting for a breakout above the short-term bearish trendline . This is a safer method for participating in the market, and if you observe a valid bullish breakout, you can set your stop-loss below the low. The alternative and more aggressive method for trading this idea is to monitor the price at the current area and watch for rejections from the low. These rejections signify that the significant bearish candle is a false downside breakout intended to trap sellers and trigger buyers' stop-loss orders. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
3
XAUUSD - Gold trading strategy, selling trend continuesWorld gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity strategist at TD Securities, said that traders will start looking at economic data and potential actions from the US Central Bank and gold will react based on whatever data brings. According to this expert, it is difficult for gold to gain momentum if data does not show economic weakness. Recently, in their speech, a series of US Federal Reserve (Fed) officials kept a balanced view on the central bank's next decision, but noted that they will focus more on more on economic data and the impact of higher long-term bond yields. Gold is an asset that is very sensitive to rising US interest rates because they increase the opportunity cost of holding non-interest bearing assets like gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
6
USDCAD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
6
BluetonaFX - SPX Potential Double Top SHORT OpportunityHi Traders! There is a potential double top pattern formed on the 1D S&P500 chart, and there is potential for further moves to the downside depending on whether we get another price rejection at the important 4393.57 level, which is the 4-week high. Price Action 📊 The market has had a big price rejection around the 4393.57 level and has now reached that level again. There is potential for a short entry with a small stop loss above 4393.57 for good risk-reward opportunities. Fundamental Analysis 📰 There were weak US major figures recently posted, with weaker than expected PMI figures and Non-Farm jobs data. The Fed also failed to commit to further interest rate hikes, which has left traders nervous about the US dollar.   Support 📉 4355.41: PREVIOUS DAY'S LOW 4284.79: 20 EMA 4103.78: 2 WEEK LOW Resistance 📈 4386.26: PREVIOUS DAY'S HIGH 4393.57: 4 WEEK HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SPXShort
by BluetonaFX
1
Gold trading strategy, rising againGold futures price delivered in December 2023 on the Comex New York floor decreased by 15.1 USD, equivalent to a decrease of 0.76% to 1,973.5 USD/ounce. Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal needs more motivation to create a sustainable push in the market. In our view, a sustained rise in gold prices will require continued political risks or the currency, bond yields and the US dollar peak or equity markets end their consolidation. risk of economic recession revived.
OANDA:XAUUSDLong
by NicoTradingMaster
GOLD - The downtrend channel continues, so buy or sell now?World gold prices this morning continued to decline with spot gold down 8.8 USD to 1,968.7 USD/ounce. Gold futures last traded at 1,973.5 USD/ounce, down 15.1 USD compared to yesterday morning's gold. The strong recovery of the USD in the evening trading session of November 7 took away the appeal of gold for buyers holding other currencies. Investors are currently waiting for a series of speeches from US Federal Reserve (Fed) officials this week, the most important of which is Fed Chairman Jerome Powell's speech on Wednesday and Thursday. However, Minneapolis Fed President Neel Kashkari said the central bank may have more work ahead to control inflation. According to analysts at the World Gold Council, although October was a historic month for the gold market as the precious metal saw record high closing prices for the month, more substances are needed. catalyst to create sustainable thrust in the market. Experts note that geopolitical instability due to the conflict between Israel and Hamas has increased the demand for safe-haven speculation, but long-term investors are still reluctant to jump into the market due to the action. Weak prices in gold-backed exchange-traded products (ETFs). A sustainable rise for gold above $2,000 an ounce requires signs that political risks continue and bond yields and the dollar peak.
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD - Gold is still in a downtrend, selling strategyAs gold retraces, attention turns to support zones around 1,953 to 1,947 and key moving averages, while investors watch for signs of recovery. Gold confirmed a breakdown from its small rising trend channel today as it fell through the lower trendline of the pattern and yesterday’s low of 1,977. Weakness was further confirmed on a drop below last Wednesday’s minor swing low of 1,970. Support for the day was seen at 1,957, leading to a bounce to test resistance around the 1,970 level. Given the characteristics of the breakdown it seems likely that a deeper retracement is in the works before gold is ready to resume its ascent. For the upside, given today’s price action it is looking like gold might continue to retrace or consolidate for the remainder of this week. We are already heading into mid-week and the retracement only got confirmed today with the rising channel breakdown. As it stands now, an advance above today’s high is short-term bullish with strength confirmed on a daily close above the high. And then further still above the two-day high of 1,993.
OANDA:XAUUSDLong
by FalCol_TradingMaster