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GC1! (Gold Futures)

GOLD → A change in fundamental background. Strong resistanceFX:XAUUSD faces strong resistance at 2721 and enters correction phase, which also coincides with the change of fundamental background and economic data Weakening geopolitical tensions in the Middle East have reduced demand for safe-haven assets such as gold, the US dollar and US bonds. In addition, expectations of stimulus measures from China improved market sentiment. Despite this, the downward trend for gold may remain limited due to Trump's rather risky policies and expectations of two Fed interest rate cuts later this year. Overall, gold prices are likely to be volatile in the short term due to holiday market conditions and Trump's upcoming executive orders. Technically, the price is inside a symmetrical triangle, which in turn is located inside an ascending channel. If the resistance is not broken, pressure will be applied to the support.... Resistance levels: 2713, 2717, 2721 Support levels: 2702, 2697, 2690 A retest of 2702 will increase the chances of support breakdown and further fall. It can happen after the resistance retest. I do not exclude a false breakdown of one of the mentioned resistance levels before a further fall. Regards R. Linda!
FX:XAUUSDShort
by RLinda
8
XAUUSD One Resistance remains before it marches to $3000.Last week's call on Gold (XAUUSD) gave us an excellent pull-back buy entry on the 4H MA50 (blue trend-line) and reached not only the top of the Channel Up but almost Resistance 1 as well: Reaching Resistance 1 has always been a strong bullish signal for the long-term Channel Up that started more than 1 year ago on the October 06 2023 Low. As you can see, both two times that the price broke above the Triangle pattern of its Bearish Leg and tested Resistance 1, it eventually broke it, confirming the new Bullish Leg. All three break-out Legs have 1D MACD Bullish Crosses to show for. With both previous Bullish Legs peaking upon at least a +21.85% rally, we expect Gold to hit $3000 minimum by April. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
GOLD skyrocketed, Trump's influence provided strong supportIn the Asian market today, Tuesday, January 21, influenced by Trump's tariff comments that stimulated risk aversion, OANDA:XAUUSD suddenly jumped to 17 USD in the short term and are currently approaching the mark of 2,725 USD/ounce. Trump was sworn in as the 47th President of the United States in the Oval Office of the Capitol. US President Trump recently announced that he plans to impose tariffs on Mexico and Canada no later than February 1, possibly up to 25%, and reiterated his view that the two neighboring countries America's neighbors are allowing illegal immigration and drugs into the United States. Complaining about fentanyl and migrants crossing the northern U.S. border, Trump called Canada a “very bad abuser” and said the target date for tariffs would be “I think February 1st. " Trump made the remarks shortly after returning to the Oval Office to sign a series of executive orders. The executive orders cover everything from regulation to energy to immigration. This is an early sign that Trump has increasingly focused on trade since taking office. These comments have stimulated risk aversion in the market to increase rapidly. Not only did gold strengthen, but the safe-haven Dollar also increased strongly. Impacting the market, we can see that recently both gold and Dollar, which have a negative correlation, have increased in price together. Trump's sweeping trade tariffs are expected to spur further inflation and spark a trade war, which could increase gold's safe-haven appeal. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has approached the $2,725 level that was the initial upside target noticed by readers in the previous issue, followed by the $2,730 price point of the 0.236% Fibonacci retracement. Technically, gold still has all the conditions for price increases with the trend being noticed by the green price channel, main support from EMA21 and the nearest support is the 0.382% Fibonacci retracement level. Meanwhile, the uptrend of the Relative Strength Index also creates an uptrend and is still quite far from the overbought level, showing that there is still wide room for price growth ahead. Moving forward, the technical outlook for gold remains bullish and notable levels are listed below. Support: 2,700 – 2,693USD Resistance: 2,725 – 2,730 – 2,750USD SELL XAUUSD PRICE 2746 - 2744⚡️ ↠↠ Stoploss 2750 →Take Profit 1 2739 ↨ →Take Profit 2 2734 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
OANDA:XAUUSD
by Xayah_trading
GOLD is supported, but watch out for TrumpIn the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas. TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald Trump's policies and markets once again betting on further interest rate cuts, Gold remains in favor. Weakly tilted to the upside as prices broke above the key level of $2,700. OANDA:XAUUSD hit a new high in more than a month on Thursday, just $65.60 shy of October's all-time high of $2,790.15. Gold prices rose 0.5% this week, the third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation that the Federal Reserve will cut interest rates. capacity many times. The market expects the Fed to cut interest rates twice before the end of this year, with Fed Governor Christopher Waller saying there could be further interest rate cuts if economic data weakens further. Trump's policies make the market worried The market is currently eagerly awaiting Mr. Trump's inauguration on January 20, which is expected to bring challenges to the gold market. Trump's strong rhetoric about supporting US manufacturing through trade tariffs continues to keep the US Dollar Index (Dxy) above 109 points, while also raising concerns about inflation and anxiety about a global trade war. Aggressive markets will pay close attention to tariffs and fiscal spending policies, as these policies will directly affect economic growth, fiscal deficits and expectations of interest rate cuts by the Fed. This week has been a pretty quiet data week. However, the event of Trump taking over the White House will be the focus, bringing expected market fluctuations that are huge fluctuations that traders need to pay special attention to. Economic data to watch out for this week Monday: US Presidential Inauguration, World Economic Forum Annual Meeting Thursday: US weekly unemployment claims, Friday: S&P Flash PMI data, US Existing Home Sales Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has not yet been able to surpass the 0.236% Fibonacci retracement level, a position that is important resistance for a continued uptrend that readers noticed in the previous issue. Gold has also decreased and corrected since being under pressure from the 0.236% Fibonacci level, but in general, the downward momentum is not significant with technical conditions still tilting in favor of price increases. In the coming time, as long as gold remains in the orange price channel, above EMA21 and POC Volume Profile, it still has a bullish outlook. Meanwhile, the up trending RSI maintained its activity above the 50 level, showing that there is still wide room for price growth ahead. Once gold breaks the 0.236% Fibonacci retracement level it could open a new bullish cycle targeting $2,750 in the short term, more than the all-time high. The technical uptrend of gold will be noticed again by the following levels. Support: 2,693 – 2,676USD Resistance: 2,730 – 2,750USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2659 - 2661⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2666 ↨ →Take Profit 2 2671
OANDA:XAUUSD
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [January 20 - January 24]This week, OANDA:XAUUSD fluctuated strongly, increasing from 2,656 USD/oz to 2,724 USD/oz, then decreasing and closing at 2,702 USD/oz. The main reason is due to the prediction that Donald Trump may implement his tariff commitments after his inauguration, increasing the risk of inflation in the context of the FED maintaining current interest rates. If this policy is implemented, the risk of a US-China trade war and global economic instability will increase, even leading to stagflation. These factors may continue to support gold prices to increase next week. Mr. Trump can promote expansionary fiscal policy, increasing US public debt and the risk of global financial instability, thereby strengthening gold's role as a haven. However, next week's gold price may decrease if Mr. Trump delays or delays the imposition of tariffs, although this possibility is considered very low. In the short term, gold prices may increase with the USD due to the impact of Mr. Trump's policies, instead of having a negative correlation as before. However, in the long term, if inflation increases sharply, forcing the FED to raise interest rates to curb inflation, this will put downward pressure on gold prices. Next week, in addition to Mr. Trump's inauguration, the US will also release weekly unemployment claims and S&P Flash PMI data and existing home sales... However, these economic data may will not have much impact on the gold price trend next week. 📌In terms of technical analysis, if the gold price next week surpasses the threshold of 2,725 USD/oz, it can continue to conquer the strong resistance area at 2,790 USD/oz, and the gold price next week could even exceed 2,800 USD/oz. /oz if Mr. Trump's tariff commitment comes true after his inauguration. Meanwhile, the important support level for gold price next week is at 2,650 USD/oz. (Around the moving average EMA34, 89) Notable technical levels are listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,750USD SELL XAUUSD PRICE 2791 - 2789⚡️ ↠↠ Stoploss 2795 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2645
OANDA:XAUUSD
by Xayah_trading
GOLD → A very strong uptrend may get its continuationFX:XAUUSD is rising due to high geopolitical and political risks. A strong bullish trend is forming, within which the price tests the strong resistance 2726 and draws a false break of the resistance... The rise is shaping up more on the back of Trump's threats on tariffs, adding to the risk-negative sentiment in the markets. Trump has proposed imposing tariffs on Mexico and Canada, as well as the EU and China, if a trade agreement is not reached. These threats are supporting demand for gold as a safe-haven asset. However, the strengthening dollar and expectations of Fed rate cuts are limiting further upside for gold. Trading in the coming days will depend on the general market atmosphere and Trump's tariff discussions. Technically, a false break of such a strong resistance could temporarily slow the growth and move the price into correction or consolidation, but there are nuances of technical... Resistance levels: 2721, 2726, 2761 Support levels: 2703, 2697, 2690 At the moment it is worth paying attention to 0.5 fibo (2717) and 0.7-0.79 fibo. These are quite strong and important liquidity zones that can stop the correction and bring gold back to the uptrend. A retest of the local high of 2726 - 2732 will hint at the readiness of the metal to go even higher. Regards R. Linda!
FX:XAUUSDLong
by RLinda
1
The Direction of Gold 25.01.20Hello, this is Greedy All-Day. Today’s analysis focuses on gold. Gold Daily Chart Analysis Chart: Key Observations: Gold recently broke above its long-term descending resistance trendline. The resistance trendline began at the high on October 31, 2024, and was broken on January 16, 2025. After breaking the resistance, gold reached a high near 2761, which failed to break above the top of the orange supply zone. The current resistance stands at 2759.2, below the orange zone's high of 2761.3, leading to a short-term pullback. Support Test and Outlook: The yellow resistance trendline has turned into support after a successful retest. Although the orange box supply zone has not been broken, the overall bullish momentum remains intact. Next Resistance Levels: If 2761.3 is broken, the next resistance lies at 2772.6, the upper wick resistance level within the purple box. Breaking above 2772.6 could open the door for a potential retest of the all-time high near 2801.8. Long-Term Trendline and Supply Zones Chart: Downside Risk: A potential short-term trend reversal requires the green box to be broken. Current key support for a breakdown: 2666 (below this level, gold will likely fall out of the Ichimoku Cloud). A break below the red box supply zone’s lower boundary (2595) could signal a bearish shift in the larger pennant structure. Current Gold Levels and Trading Strategies Chart: Buy Strategy: A breakout above 2761.3 is crucial for initiating a long position. If broken, the next target is the 2772 resistance level, with further potential upside to all-time highs if 2772 is cleared. Sell Strategy: Focus on the range between 2729.2–2720.9 for sell signals. For gold to return to bearish momentum, the current support trendline (yellow) must break and turn back into resistance. If the price breaks below 2729.2–2720.9, the next support level is the red ascending trendline. Summary Bullish Scenario: A breakout above 2761.3 could signal continuation toward 2772.6 and beyond. Bearish Scenario: A break below 2729.2–2720.9 could lead to a deeper correction toward the red ascending trendline or lower levels. Stay strategic and monitor key levels carefully for potential opportunities. 🚀
COMEX:GC1!
by Greedy_allday
Weekly Market Forecast Jan 20-24thThis is an outlook for the week of Jan 20-24 In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move higher this week, as Trump is inaugurated Monday, bringing a possible "Trump Pump" to the markets. The metals are a bit mixed, but may continue upward this week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
GOLD is close to the target level of 2,730 USDIn the Asian trading session, today's weekend January 17, OANDA:XAUUSD Spot delivery maintains a strong trend, gold price is currently around 2,716 USD/ounce, close to the previous target increase at 2,730 USD/ounce. OANDA:XAUUSD rose to a more than one-month high on Thursday as the latest U.S. economic data weighed on U.S. Treasury yields and dovish comments from Federal Reserve officials. The U.S. Department of Labor reported Thursday that initial jobless claims for the week ended Jan. 11 increased by 14,000 to a seasonally adjusted level of 217,000. Economists had expected 210,000 initial jobless claims last week. Slightly weaker-than-expected US core CPI data led to a sharp fall in real yields, which should support further gains in gold prices on inflation fears and repricing of taper expectations interest rate. Federal Reserve officials said data showed inflation in the US was continuing to slow, but they also noted growing uncertainty in the coming months as they wait for early policy signs. from the incoming administration of US President Donald Trump. Potential tariffs from the Trump administration could exacerbate inflationary pressures. The dollar fell, moving slightly from recent highs, as cooling US inflation data pulled bond yields down, continuing to support gold prices. And this is what we can most easily see about the alignment in these correlations in the market. Meanwhile, geopolitically, the ceasefire and hostage agreement between Israel and Hamas has weakened demand for gold as a safe haven asset. Last year, as tensions in the Middle East increased, gold hit several new highs on safe-haven demand and expectations that major central banks like the Federal Reserve would ease monetary policy further. again. But this is not enough because geopolitical factors can have a sudden impact, but they are never sustainable long-term causes. Analysis of technical prospects for OANDA:XAUUSD Gold has continued to break out, approaching the target level of 2,730 USD. Note to readers in the previous edition the price point of the 0.236% Fibonacci retracement level. Along with that, the uptrend is still dominating the daily chart, the uptrend price channel is highlighted by the green price channel, and the uptrend RSI maintains its above activity. The 50 level is still quite far from the overbought area, showing that there is still wide room for price increases ahead. The main support is still at the POC Volume Profile level and the EMA21 line. As long as gold remains above the EMA21, it still has the potential to increase in price in the near future. Currently, the 0.382% Fibonacci retracement level has also become the closest support currently. During the day, the uptrend of gold prices will be noticed again by the following notable technical levels. Support: 2,700 – 2,693USD Resistance: 2,730USD SELL XAUUSD PRICE 2736 - 2734⚡️ ↠↠ Stoploss 2740 →Take Profit 1 2729 ↨ →Take Profit 2 2724 BUY XAUUSD PRICE 2684 - 2686⚡️ ↠↠ Stoploss 2680 →Take Profit 1 2691 ↨ →Take Profit 2 2696
OANDA:XAUUSD
by Xayah_trading
Supported by data, GOLD skyrocketed with room to increaseDue to weaker-than-expected US core inflation data, the US Dollar TVC:DXY weakened and the market also rekindled expectations that the Federal Reserve's interest rate cuts may not be over yet, gold prices increased sharply. Technical factors also continue the upward price structure. US inflation is lower than expected The U.S. Bureau of Labor Statistics reported on Wednesday that the U.S. consumer price index (CPI) rose 0.4% month-over-month in December, slightly above the 0.3% forecast. of economists. The overall CPI inflation rate increased by 2.9% over the same period last year, in line with expectations. Core CPI inflation, which excludes food and energy, rose 3.2% year-on-year, slower than November data and below economists' median estimate of 3.3%. economic survey by Dow Jones. Gold prices were supported and jumped by weaker-than-expected US core inflation data, causing US Treasury yields to fall sharply. Core CPI was slightly lower than expected. This is a positive signal for gold because the corollary is that the Fed will not necessarily rule out cutting interest rates, although the possibility of cutting interest rates in January is not high, but some rate cuts Capacity is still expected before the end of the year. Gold is considered a hedge against inflation, but because it earns no interest, its appeal to investors diminishes in higher interest rate environments and vice versa in low interest rate environments. Focus on key US economic data Today (Thursday), financial markets focus on US retail sales, data on initial jobless claims and speeches from Federal Reserve officials. Economists expect U.S. retail sales to rise 0.6% month-over-month in December, down from 0.7% in November. Initial jobless claims are expected to rise from 201,000 to 210,000 in the week ending January 11. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, after ending the technical correction and receiving support from the 0.50% Fibonacci retracement level that readers should pay attention to in previous publications, gold has continued to increase to continue. current bullish cycle. With an active position above the 0.382% Fibonacci retracement level gold is likely to continue rising with a subsequent target at around $2,730 upon breaking the $2,700 base price. In the short term, gold has achieved its target increase at 2,700 USD, however, the room for price increases is still quite wide ahead with the Relative Strength Index pointing up, operating above 50 and still at quite far from the overbought level. During the day, the technical outlook for gold prices is still bullish with notable points listed as follows. Support: 2,693 – 2,676USD Resistance: 2,700 – 2,730USD SELL XAUUSD PRICE 2721 - 2719⚡️ ↠↠ Stoploss 2725 →Take Profit 1 2714 ↨ →Take Profit 2 2709 BUY XAUUSD PRICE 2672 - 2674⚡️ ↠↠ Stoploss 2668 →Take Profit 1 2679 ↨ →Take Profit 2 2684
OANDA:XAUUSD
by Xayah_trading
1
GOLD recovers to original target, paying attention to US CPIOANDA:XAUUSD recovered strongly and is currently traded quite narrowly. US PPI data has reinforced investor confidence in the Federal Reserve to cut interest rates further this year. In addition, Trump's report on tariffs also affected the USD, helping push gold prices higher. On Wednesday, investors are focused on the US CPI, which is expected to cause a big swing in the markets. US PPI data and Trump's tariff report influence the USD US PPI unexpectedly came in lower than expected in December, driven by lower food costs and firm service prices, which may help ease concerns about persistent price pressure. Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the U.S. PPI rose 3.3% year-on-year in December, an increase less than the 3.5% expected. Core PPI, which excludes food and energy, rose 3.5% year-on-year, below expectations of 3.8%. US PPI increased 0.2% month-on-month in December, lower than the 0.4% increase in November and below market expectations of 0.4%. Core PPI, which excludes food and energy, was unchanged from the previous month, missing economists' expectations of a 0.3% increase and the previous month's 0.2% increase. After the US PPI data was released, the US Dollar fell again. A weaker US Dollar makes gold more attractive. Bloomberg reports that members of US President-elect Donald Trump's incoming economic team are discussing gradually increasing taxes month by month to increase their negotiating leverage incrementally, while also helping to avoid rising inflation. mutation. One idea is to build a progressive tax schedule with monthly increases of about 2% to 5%, said people familiar with the matter. The plan would also need to rely on executive powers granted by the International Emergency Economic Powers Act. This news also affected the US Dollar, causing gold prices to recover. Pay attention to US CPI Investors are now waiting for the US Consumer Price Index (CPI) released on Wednesday to analyze the Fed's policy direction. The US CPI is expected to increase at an annual rate of 2.9% in December, higher than the previous month's 2.7% increase, while the month-on-month CPI increase in the month 12 is expected to be 0.3%. . If Wednesday's US CPI report is lower than expected, it could increase the likelihood that the Federal Reserve will ease policy this year, which would benefit gold. And of course the opposite effect is if the data is higher than expected. Gold is considered a hedge against inflation, but due to its non-interest-bearing nature, a high interest rate environment weakens its investment appeal. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is still trading very narrowly but as mentioned to readers in previous publications that gold has achieved the initial technical conditions for a possible price increase. With the short-term trend formed by the green price channel and support from EMA21, POC Volume Profile. After the previous correction, gold has also recovered from the 0.50% Fibonacci retracement level to reach the initial target at 2,676 USD, the next target will be around 2,693 - 2,700 USD. Meanwhile, the Relative Strength Index maintained above 50 is a positive signal for an uptrend in the near future while still quite far from the overbought area. During the day, the technical outlook for gold is bullish, notable points will also be listed as follows. Support: 2,664 – 2,650USD Resistance: 2,676 – 2,693 – 2,700USD SELL XAUUSD PRICE 2701 - 2699⚡️ ↠↠ Stoploss 2705 →Take Profit 1 2694 ↨ →Take Profit 2 2689 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2645 →Take Profit 1 2656 ↨ →Take Profit 2 2661
OANDA:XAUUSD
by Xayah_trading
1
Forecast UPDATES! Jan 15, WedIn this video, we will update the forecasts for the following markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXY
by RT_Money
XAUUSD bullish upon holding the MA50 (1h). Targeting 2720.Gold is trading inside a Channel Up and is currently on the new bullish wave. Today it held the MA50 (1h), which is a strong bullish sign that the wave will continue to a new higher high. Trading Plan: 1. Buy on the current market price. Targets: 1. 2720 (the 1.618 Fibonacci extension). Tips: 1. The RSI (1h) is forming the exact same pattern as the previous bullish wave, currently following the January 7th structure. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
XAUUSD: 1H MA200 rebound.Gold is neutral on its 1D technical outlook (RSI = 54.885, MACD = 7.900, ADX = 30.745) as it is consolidating between the 1H MA50 and 1H MA200. Since yesterday, it has found support on the latter. The 1H RSI is rebounding in the same way it did on January 6th, which was the previous HL of the Channel Up. This indicates that it is a buy opportunity. The two bullish waves before both hit their 1.618 Fibonacci extensions to form a HH at the top of the Channel Up. Consequently, we turn bullish on Gold now, aiming at the 1.618 Fib (TP = 2,720) which conveniently falls a little under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
USD soars, GOLD corrects but conditions remain bullishAfter last week's surge, OANDA:XAUUSD Spot trading suddenly suffered a fierce correction and the upward momentum was limited. US bond yields soared, the US Dollar strengthened and investors' profit-taking activities affected the trend of gold. In addition, news of a ceasefire in the Middle East also negatively impacted gold prices. OANDA:XAUUSD fell again as US Treasury yields rose to their highest since November 2023. The US Dollar Index surpassed 110.00 in trading on Monday, pressuring gold prices. The dollar index rose to its highest since November 2022 after the US jobs report emphasized the strength of the economy and clouded the prospect of interest rate cuts by the Federal Reserve. A rising Dollar will make gold less attractive. The latest New York Fed survey shows one-year inflation expectations at 3% and interest rate futures traders are pricing in a Fed rate cut this year of less than 25 basis points. copies, or less than once. Because gold does not generate interest, a high interest rate environment reduces its appeal to investors. A ceasefire in Gaza could take place as early as this week White House national security adviser Jake Sullivan told Bloomberg on Monday that the Biden administration believes a ceasefire in Gaza could be reached as early as this week. He added that there was no guarantee that all parties would agree to such a deal. In an interview with Bloomberg, Sullivan said US President Joe Biden's administration has contacted Trump's newly elected team and is looking to form a united front on this issue before the transfer of power in Washington on January 20. Previously, Britain's Reuters quoted officials familiar with the negotiation process as saying on Monday that mediators had submitted a draft "final agreement" to the warring parties on a ceasefire and the release of children. believe. Officials said that in addition to delegations from both Israel and Kazakhstan, current US President McGurk and President-elect Trump's Middle East envoy Steve Witkoff were also present at the peace talks. hosted by Qatar Prime Minister Mohammed in Doha. Reuters said the talks achieved a breakthrough after midnight on Sunday and mediators led by Qatar immediately submitted a draft ceasefire agreement to Israel and Kazakhstan. Analysis of technical prospects for OANDA:XAUUSD Although gold has adjusted down significantly from the important confluence level, readers should pay attention to previous publications at the Fibonacci retracement of 0.382% confluence with the upper edge of the green price channel and one side of the triangle. purple price. But the downside correction was also limited after reaching target support at the 0.50% Fibonacci retracement level. Currently, gold is recovering from the 0.50% Fibonacci level, but first it needs to break the technical point of 2,676 USD, then the target is around 2,693 - 2,700 USD in the short term. Up to now, gold still has conditions to increase technically with supporting factors from EMA21, POC Volume Profile and the green short-term rising price channel. Along with that, the Relative Strength Index maintained its activity above 50, also quite far from the overbought area, showing that there is still room for price increases ahead. During the day, the technical outlook for gold is bullish with notable points listed as follows. Support: 2,664 – 2,650USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2688 - 2686⚡️ ↠↠ Stoploss 2692 →Take Profit 1 2681 ↨ →Take Profit 2 2676 BUY XAUUSD PRICE 2644 - 2646⚡️ ↠↠ Stoploss 2640 →Take Profit 1 2651 ↨ →Take Profit 2 2656
OANDA:XAUUSD
by Xayah_trading
GOLD has bullish conditions, pay attention to inflation dataOANDA:XAUUSD is accumulating upward momentum, rising to a new multi-week high above $2,680 an ounce. The technical outlook shows that gold prices have shifted to an uptrend in the near future. Next week, key economic indicators from China and the US inflation data will likely drive gold price movements. The US government on Friday released a nonfarm report showing 256,000 new jobs were created last December, far higher than the expected 160,000 and the biggest increase in nine months. The unemployment rate in December was 4.1%, also the lowest with an expected value of 4.2%. Reasons for OANDA:XAUUSD The recovery after Friday's decline was due despite stronger-than-expected US nonfarm payrolls data, reducing the likelihood of a sharp interest rate cut by the Federal Reserve this year. However, the Trump administration's upcoming policies have brought uncertainty, increasing gold's safe-haven appeal. It can be quite certain that, as soon as Trump takes office, a series of major changes in US economic and foreign policy will suddenly change and gold will always benefit in an economically unstable environment. geopolitics. Gold investors will wait for US inflation data Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday. Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period. If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher. Gold investors will wait for US inflation data Early next week, investors will pay attention to China's December trade balance data. A significant increase in China's trade surplus could support gold prices during the Asian session next Monday. Next Wednesday, US December inflation data could trigger gold's next big move. The market expects the US Consumer Price Index (CPI) to rise 0.3% month-on-month in December, but core CPI to fall 0.1% over the same period. If CPI is higher than expected, the immediate market reaction could boost the USD and cause gold to fall. On the other hand, negative data could make it difficult for the USD to find demand and help gold maintain its position or push gold prices higher. China's fourth-quarter gross domestic product (GDP) data could influence gold trends during the Asian trading session next Friday. Analysts expect China's annual GDP growth rate to reach 5.1% in the fourth quarter, higher than the 4.6% growth rate in the third quarter. A positive surprise could help gold prices edged higher, while disappointing GDP data could weigh on gold prices. Market participants will also pay attention to new developments surrounding Trump's tariff strategy. While gold benefits from risk aversion, a sharp rise in US Treasury yields could limit gold's gains. The economic calendar needs attention next week Tuesday: US PPI Wednesday: US CPI, Empire State Manufacturing Survey Thursday: US Retail Sales, Philly Federal Reserve Survey, Weekly Jobless Claims Friday: Housing construction starts and construction permits in the United States Analysis of technical prospects for OANDA:XAUUSD From a technical perspective, on the daily chart, gold has achieved conditions for a short-term uptrend although the upward momentum is being hindered by the 0.382% Fibonacci retracement level. And once gold breaks above $2,693 it will be ripe for upside with a target of around $2,730 in the short term. In terms of support factors, the POC Volume Profile level will be the closest support, combined with the EMA21 and Fibonacci 0.618% creating a reliable support area for each correction to ensure that, as long as gold does not If it breaks below the 0.618% Fibonacci level, it still has the potential to increase in price in the near future. Meanwhile, the Relative Strength Index is also pointing up from level 50, still quite far from the overbought level with a significant slope, this is a signal for room for price increases in the near future. On the other hand, an uptrend price channel has also just been formed. In the coming time, the technical outlook for gold tends to increase in price with notable levels listed as follows. Support: 2,676 – 2,664USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2711 - 2709⚡️ ↠↠ Stoploss 2715 →Take Profit 1 2704 ↨ →Take Profit 2 2699 BUY XAUUSD PRICE 2661 - 2663⚡️ ↠↠ Stoploss 2657 →Take Profit 1 2668 ↨ →Take Profit 2 2673
OANDA:XAUUSD
by Xayah_trading
1
Weekly Market Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move lower this week, with the possible exception of the DOW. The metals are rallied on Friday, and may continue upward this week, despite a relatively strong USD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
7
XAUUSD Channel Up pull-back and then new High.Gold (XAUUSD) has been trading within a short-term Channel Up on the 4H time-frame since the December 26 2024 High. It just formed a 4H Golden Cross, which gives the medium-term a stronger bullish potential but on the short-term, it is highly likely to see the Channel Up first pull-back on a new Bearish Leg to test the 4H MA50 (blue trend-line). That will be the best buy opportunity (assuming the candles close within the Channel Up) and aim for a new Higher High near Resistance 1 at 2725. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
2
GOLD MARKET ANALYSIS AND COMMENTARY - [January 13 - January 17]Over the past week, international OANDA:XAUUSD increased from 2,614 USD/oz to 2,698 USD/oz and closed at 2,688 USD/oz. The main reason is concerns about rising inflation in the US due to President-elect Donald Trump's expansionary fiscal policies, tariffs and tightening immigration policies. Although high interest rates are often detrimental to gold prices, in the context of strong inflation, real interest rates decrease, creating a positive impact on gold prices. That is also the reason why the US non-farm payrolls (NFP) report for December 2024 increased by 256,000 jobs, far exceeding Reuters' forecast of 160,000 jobs and surpassing November's revised figure of 227,000 jobs, but gold prices still increased sharply this week. With the inauguration day (January 20, 2025) of President-elect Donald Trump approaching, it is likely that next week's gold price will still be supported. Because Mr. Trump's expected policies, especially expansionary fiscal policy, tariff policy, and immigration policy, will all have the risk of increasing inflation. In particular, although tariff policy can reduce the US trade deficit, it will push up consumer prices. Tighter immigration policies will increase labor costs, causing product prices to increase, thereby also risking increasing the consumer price index... Meanwhile, the FED has announced that it may only cut interest rates once this year, or may not even cut interest rates this year, if Mr. Trump's above-mentioned policies push US inflation to skyrocket. 📌Looking at the chart, next week's gold price will likely continue to move upward with the next important resistance levels being 2,725 - 2,790 USD/oz. Meanwhile, the level of 2,585 USD/oz is an important support level for gold prices next week. Notable technical levels are listed below. Support: 2,676 – 2,664USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2761 - 2759⚡️ ↠↠ Stoploss 2765 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2645
OANDA:XAUUSD
by Xayah_trading