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Trading strategy on December 12, priority to sellWorld gold prices dropped sharply with spot gold down 25.2 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,997.3 USD/ounce, down 17.2 USD compared to yesterday morning. World gold prices slid due to pressure from the recovery of the USD and rising bond yields. The USD rose 0.2%, making gold more expensive for holders of other currencies. US 10-year Treasury yields also rose higher, increasing the opportunity cost of holding gold. Currently, investors wait for important meetings of several central banks. Specifically, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank will also conduct policy meetings on Thursday. In addition, investors are also interested in data. US inflation data. This data is said to be able to influence the policy roadmap of the US Federal Reserve (Fed).
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - Short-term gold trading strategy, Gold goes up and downWorld gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,006 USD/ounce. Last week, the yellow metal continuously plummeted after hitting an all-time high at the beginning of the week and anchoring nearly 2,000 USD/ounce. Kitco News' latest weekly gold survey shows most retail investors still expect prices to rise this week, while the majority of market analysts have turned bearish or neutral on the outlook. Short-term outlook for the yellow metal. Specifically, among Wall Street analysts participating in Kitco News's latest gold survey, only 20% forecast that gold prices will be higher this week, with more than half of experts predicting prices will decrease. Meanwhile, 59% of retail investors expect gold to increase. Retail investors expect gold prices to trade around 2,056 USD/ounce this week. This week, developments in monetary policy meetings of major central banks around the world will be closely watched by the market. Accordingly, the Federal Open Market Committee (FOMC) of the US Central Bank will meet on Wednesday, followed by the meeting of the Bank of England and the European Central Bank on Thursday. All three banks banks are forecast to keep interest rates unchanged, although investors will still be watching to see if there is a change in the tightening trend and their forecasts.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The trend is decreasing, the current reasonable entry pointGold prices rose after the release of weaker-than-expected US ADP jobs data. Specifically, the US economy created 103,000 new jobs in November, much lower than the expected 130,000. The October figure was revised down to 106,000 from the previous estimate of 113,000. These figures follow Tuesday's JOLTS US Job Openings survey, adding to evidence that restrictive monetary policy is starting to weigh on demand for workers. On the other hand, the US ISM services PMI showed a larger-than-expected improvement, helping to negate a sharp slowdown in the US economy. CME Group's FedWatch tool is pricing in a more than 50% chance that the US central bank will cut its benchmark interest rate by 25 basis points in March. The market is in a moderately positive mood as investors grow increasingly confident that the major central bank tightening cycle is over.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold continues to fall deeply, the moves weaken goldWorld gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase strongly when the market expected the US Federal Reserve (Fed) to cut interest rates as early as March. According to CME FedWatch Tool, markets forecast a 50% chance that the Fed will cut interest rates. rates in the first quarter of 2024. TD Securities experts said that market expectations for interest rate cuts may be premature and warned that gold's rally has exhausted itself.
OANDA:XAUUSD
by FalCol_TradingMaster
1
XAUUSD - Rising sharply then reversing with a shock declineGold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This factor has motivated many people to put capital into bonds. Meaning that money flowing into precious metals is limited. Since then, speculators speculated that the price of gold might go down, so they sold it to make a profit. The world gold price today at 6:00 a.m. on December 5 dropped to 2,030 USD/ounce. Previously, at the beginning of December 4, the world gold price sometimes reached a record level of 2,147 USD/ounce. The main reason is that financial investors are afraid of risks, so they increased their need to shelter capital in gold when the US said missiles fired by Houthi rebels in Yemen attacked three commercial ships in the Red Sea. Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold risks are increasing, you need to be careful World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5% over the same period last year, slower than the increase of 3.7% in October. This is the preferred inflation measure of the US Federal Reserve (Fed). The PCE index is the latest in a series of positive inflation data recorded in November, making traders even more confident that the Fed may be done raising interest rates and may even begin to raise interest rates. lower interest rates in 2024. Besides, the USD-Index has inched back above 103 points but still recorded the sharpest drop in November this year. This is the main reason driving gold prices up in recent days.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold prices continue to increase sharplyWorld gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the Bureau of Economic Analysis, US GDP in the third quarter increased by 5.2%, up from the estimate of 4.9%. Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high. Additionally, gold will still benefit from safe-haven demand due to concerns related to geopolitical tensions. Given those factors, SocGen analysts see a push above $2,000 as the start of a larger recovery that could keep gold prices at around $2,200 an ounce in 2024.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Will gold continue to rise, strategy to buy GoldWorld gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning. World gold prices in the evening session of November 23 (Vietnam time) were stable during the Thanksgiving holiday. Analysts do not expect to see many price increases for the rest of the week as most traders are currently focused on this holiday and the "Black Friday" shopping festival. Entering the holiday season, the gold market could not maintain a new increase above 2,000 USD/ounce as the market continued to monitor the minutes of the latest policy meeting from the US Federal Reserve (Fed). Although the central bank left interest rates unchanged in its latest meeting, the minutes showed the committee was maintaining a hawkish stance as it expected to keep interest rates restrained for the foreseeable future. Since late last week, gold has been strongly supported as expectations that the Fed has completed its interest rate hike cycle have been increasing after a series of published reports showing cooling inflation. Wednesday's hawkish Fed minutes and Wednesday's strong labor market data made investors hesitant to predict the Fed's next monetary policy move. Rising expectations that the Fed will keep interest rates “higher for longer” and a decline in the likelihood that it will begin cutting rates in the first half of 2024 have limited gold's gains. Despite this, some experts still maintain optimism that gold prices will eventually move higher as seasonal factors could play a larger role in price action and be positive for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - On Bank Holiday, gold tends sidewaysWorld gold prices this morning decreased slightly with spot gold down 8.1 USD to 1,989.6 USD/ounce. Gold futures last traded at 1,991.8 USD/ounce, down 9.8 USD compared to yesterday morning. The precious metals market in the trading session before the Thanksgiving holiday was under slight selling pressure when the latest report showed a surprise improvement in the US labor market. According to a report by the US Department of Labor, weekly applications for unemployment benefits decreased by 24,000 to 209,000 in the week ending November 18, down from the previous week's upwardly revised estimate of 233,000 applications. The latest labor market data was much better than expected as experts estimated 225,000 applications. After the report, the dollar recovered from its lowest level and Treasury yields pared earlier losses, pushing gold off the key psychological threshold of $2,000 an ounce. The US Dollar Index has risen to a daily high and that is limiting some gold buying demand, said senior analyst Jim Wyckoff at Kitco Metals. However, experts say that gold's decline has been limited by recent expectations that the US Federal Reserve (Fed) has ended its interest rate hike cycle. Lower interest rates typically boost gold prices because they reduce the opportunity cost of holding non-yielding assets. Previously, gold bars reached a 2-week high of 2,007.29 USD/ounce.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
XAUUSD - When the uptrend ends, Gold declines againGold price today (November 22), world gold increased sharply compared to the previous session's close, approaching the 2,000 USD/ounce mark. The US Federal Reserve (Fed) has released the minutes of its November monetary policy meeting, causing investors to buy gold when forecasting slow economic growth. The Fed also said that economic growth slowed in other business sectors, so the Fed expects economic growth in the fourth quarter to "slow markedly" as third quarter gross domestic product increased by 4.9%. The Fed believes that risks to overall economic growth may be tilted to the downside, while risks to inflation are tilted to the upside. Current interest rate policy is restrictive and is putting downward pressure on economic activity and inflation. However, inflation is still much higher than the target level, experts say it is likely that the Fed will maintain interest rates at the current level for a while until inflation clearly declines in a sustainable way. “The FOMC minutes were cautiously hawkish,” said BMO Capital Markets strategist. Low sales in both the retail and housing sectors show that people are tightening their spending. The Fed also stated that economic growth will slow down in the fourth quarter of 2023, which is the reason why investors fear increased risks and boost gold purchases.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
XAUUSD - Gold rebounded due to the Fund, is it possible to sell?On the night of November 20, today's spot gold price on the world market stood around 1,973 USD/ounce. Gold delivered in December on the Comex New York floor was at 1982 USD/ounce. The world gold price on the night of November 20 was about 8.2% higher (149 USD/ounce) compared to the beginning of 2023. World gold tends to continue last week's increase after inflation in the US cooled down. It is likely that the US Federal Reserve (Fed) will soon reverse monetary policy and reduce interest rates. This week, the Fed will release the minutes of its monetary policy meeting. Market signals show that the Fed will almost certainly keep interest rates unchanged at its December policy meeting and will likely maintain it at 5.25% - 5.5% until June next year. The USD on the world market decreased quite quickly. The DXY index - measuring the fluctuations of the greenback against a basket of 6 major currencies, dropped sharply from 104.1 points at the end of last week to 103.6 points at the beginning of the trading session on November 20 on the US market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
DXY keeps falling on recent news, Gold continues to riseWorld gold prices rose as the code hit a 2-week high as expectations that the Fed would cut interest rates in the spring increased. World gold prices increased sharply this morning with spot gold increasing by 21.6 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,987.3 USD/ounce, up 23 USD compared to yesterday morning. Gold prices soared to a 2-week high as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its cycle of raising interest rates and will carry out interest rate cuts next spring increasingly. Ole Hansen, commodity strategist at Saxo Bank, said that gold will maintain its recent strong gains as long as prices hold above $1,930 an ounce. He said the prospect of lower interest rates and demand from central banks will be strong enough support factors for gold to withstand any short-term strength from economic data. Data on Wednesday showed US producer prices fell the most in 3.5 years in October, the latest sign that inflation pressures are easing, while retail sales fell for the first time. after 7 months. Previously on Tuesday, data showed that US pepper prices were unchanged compared to the level recorded in October.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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 - After the PPI news, will gold fall?Continuing to accelerate from the previous session, the DXY index (the movement of the greenback compared to the balance of 6 major currencies) decreased sharply from 104.8 points to 104.1 points in the first trading session on the market. The USD fell after US inflation was unexpectedly lower than forecast, reinforcing confidence that the US Federal Reserve (Fed) will not raise interest rates. Specifically, US generation in October did not change compared to the previous month. The consumer price index (CPI) increased by 3.2% compared to 2022 and remained unchanged compared to September. Previously, economists consulting the Dow Jones survey predicted that this month's CPI would increase by 0.1 % compared to September. This information gives hope that prices are easing pressure on the US economy. Investors believe interest rates have gained value. Life on US Treasury bonds has also fallen sharply. Yields on 10-year notes fell to just over 4.4%, thus rebounding above 5% at the end of October. Gold prices increased while countries still strongly imported gold and increased their reserves of this precious metal.
OANDA:XAUUSDShort
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
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
XAUUSD- Intraday trading strategy before CPI news on November 14Gold prices today (November 14) in the world rebounded right before the US announced the October consumer price index today. The falling USD has supported the increase in gold prices. World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, decreased by 0.19% to 105,660 points at 6:30 a.m. this morning (Hanoi time). The USD fell before the US announced the consumer price index (CPI) for October today, October 14. It is forecast that the CPI in the US will increase by 3.7% over the same period last year, equal to the increase in September. Previously, the US released the October employment report with non-farm payrolls only creating 150,000 jobs, much lower than the 180,000 jobs forecast and far ahead of the 297,000 jobs created in September. The unemployment rate also increased from 3.8% in August to 3.9% in October. Experts say that poor employment data in the US and a stable CPI may help the US Federal Reserve (Fed) not be able to increase interest rates as previously forecast to ensure market stability. job school. Gold is still in the bearish channel, so choose a suitable entry to enter the order while waiting for news
OANDA:XAUUSDLong
by FalCol_TradingMaster
Continuing the downward price channel, how far will Gold fall?World gold prices this morning tended to increase with spot gold increasing by 1.2 USD compared to last week's closing level to 1,939 USD/ounce. Last week, the gold market witnessed its second consecutive week of decline due to weak safe-haven demand while US Federal Reserve Chairman Jerome Powell took a hawkish stance on monetary policy. According to City Index market analyst Fawad Razaqzada, Mr. Powell's hawkish stance was the main reason why gold prices weakened last week. In addition, investors' risk appetite has improved in the past few weeks as the Israel-Hamas conflict has not made much progress, also reducing demand in the gold market. Gold bars have lost about 70 USD since reaching over 2,000 USD/ounce thanks to safe-haven demand due to escalating tensions in the Middle East. Fed officials, including Mr. Powell, say they are still unsure whether interest rates will be high enough to end the war on inflation, pushing up 10-year Treasury yields and the U.S. index. The Dollar Index rose, thereby making non-interest-bearing gold less attractive to investors.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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
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
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