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Gold-trading

Gold prices are testing resistance levels.Ames Stanley - senior marketplace strategist at the Forex market stated that traders took income after US financial reviews together with CPI and USD elevated sharply. The promoting circulate of traders won't be over yet. Gold costs are trying out resistance levels. Economic occasions this week that effect gold costs encompass US retail income statistics and the European Central Bank`s economic coverage choice on Thursday. The marketplace is likewise inquisitive about the Empire State production survey, weekly unemployment claims, housing begins offevolved and US constructing permits. Besides, buyers and traders are listening to the Chinese marketplace. The u . s . a . plans to announce an financial stimulus package deal from authorities bonds, really well worth 283 billion USD. 🔥 XAUUSD buy 2632 - 2630 🔥 ✔️TP1: 2642 ✔️TP2: 2655 ✔️TP3: OPEN 🚫SL: 2622 🔥 XAUUSD sel 2652 - 2654 🔥 ✔️TP1: 2642 ✔️TP2: 2632 ✔️TP3: OPEN 🚫SL: 2662
OANDA:XAUUSD
by FalCol_TradingMaster
World gold prices tend to increaseWith RSI (14) additionally breaking the downtrend, it appears that evidently the relatively pessimistic photo of the beyond month is turning into brighter for buyers, giving investors a caution of a retest of document highs. transaction. MACD has now no longer but showed the signal, even though it is displaying symptoms and symptoms of bottoming. We noticed a small pullback all through early Monday buying and selling in Asia, as fees retested the small uptrend from mid-September, which had furnished guide till broken. broke early closing week. If the charge holds above this level, keep in mind shopping for above with a good forestall underneath to defend the goal push to a document excessive of $2,685.7. If it breaks, investors can search for a push to $2700. Bannockburn Global the Forex market CEO Marc Chandler predicts gold fees will fall this week. Although gold jumped to 2,650 USD/ounce after PPI data, he stated that this valuable steel can also additionally retest the extent of 2,six hundred USD/ounce, or maybe 2,580 USD/ounce this week. Haven call for because of fears of tensions withinside the Middle East is helping gold, however better yields and a sturdy greenback should placed strain at the valuable steel, Chandler explained.
TVC:GOLDLong
by FalCol_TradingMaster
Gold breaks the downtrend With RSI (14) additionally breaking the downtrend, evidently the fairly pessimistic image of the beyond month is turning into brighter for buyers, giving investors a caution of a retest of report highs. transaction. MACD has now no longer but showed the signal, even though it is displaying symptoms and symptoms of bottoming. We noticed a small pullback throughout early Monday buying and selling in Asia, as costs retested the small uptrend from mid-September, which had furnished aid till broken. broke early closing week. If the charge holds above this level, keep in mind shopping for above with a good forestall underneath to defend the goal push to a report excessive of $2,685.7. If it breaks, investors can search for a push to $2700. 💎 XAUUSD sell 2652-2654💎 ✔️TP1: 2645 ✔️TP2: 2640 ✔️TP3: OPEN 🚫SL: 2660 💎 XAUUSD buy 2642 - 2640💎 ✔️TP1: 2652 ✔️TP2: 2665 ✔️TP3: OPEN 🚫SL: 2633
OANDA:XAUUSD
by FalCol_TradingMaster
Better Buy Levels SoonTVC:GOLD Based on my analysis, I believe Gold TVC:GOLD is currently at a good selling level. There is potential for the price to drop down to the 0.71 Fibonacci retracement level, which could present a great buying opportunity. Stop Loss: Set just above the recent order blocks, as compared across different time frames. While there may be better selling points ahead, the current support built above the current price level provides confidence in a sell position at this moment. However, if this support level is broken, we should reconsider the selling strategy and potentially look for long opportunities instead.
TVC:GOLDShort
by GlebalTrader
2
Economic data more supportive of 25 basis point cutThe market is still waiting for data to be more certain about the next move of the US Federal Reserve (FED). Analyst Giovanni Staunovo of UBS said that since the payroll data was released last week, the market has been discussing whether the world's leading economy is in a soft landing scenario. Staunovo added that the upcoming inflation data will partly answer that question. This morning, gold prices continued to decline after the FED released the minutes of the September 17-18 meeting, in which it noted that the pace of future cuts will not be determined by the initial cut (the FED just cut interest rates by 0.5% last month). Dallas Fed President Lorie Logan said she wanted smaller cuts in the near term, due to the remaining inflation risks and significant uncertainties about the economic outlook. According to the World Gold Council (WGC), central banks around the world have slowed their gold purchases in 2024 compared to 2023, but still maintained higher purchases than before 2022. This is partly due to the People's Bank of China stopping gold purchases since May until now... 💎 XAUUSD Buy limit 2606 - 2608💎 ✔️TP1: 2615 ✔️TP2: 2625 ✔️TP3: OPEN 🚫SL: 2597 ➖➖➖➖➖➖➖➖ 💎XAUUSD Sell limit 2632 - 2634💎 ✔️TP1: 2624 ✔️TP2: 2614 ✔️TP3: OPEN 🚫SL: 2642
OANDA:XAUUSDLong
by Chart_MasterPro
(CPI) in September 2024 expected to increase 2.3%The median estimate (yr-over-yr, now no longer seasonally adjusted) for the client rate index (CPI) for the month of September 2024 is 2.3%. If 2.3% is the real yr-over-yr growth withinside the CPI, it'll mark the smallest growth withinside the quantity because February 2021 (1.7%). The August 2024 client rate index expanded through 2.five% (yr-over-yr, now no longer seasonally adjusted), in comparison to the median estimate of 2.6%. Over the beyond 12 months, the growth withinside the CPI has passed the median estimate in five months, matched the median estimate in 2 months, and fallen quick of the median estimate in five months. It is thrilling to notice that real CPI quantity has been under the estimate over the last 4 months (May 2024 via August 2024). Over the beyond five years (60 months), the growth withinside the CPI has passed the median estimate 52% of the time, matched the median estimate 15% of the time, and fallen quick of the median estimate 33% of the time. The median estimate of 2.3% is primarily based totally on 17 estimates gathered through FactSet. These CPI estimates variety from a low of 2.20% to a excessive of 2.40%, for a variety of 20 bps. This unfold is smaller than the trailing 12-month common unfold among the low and excessive estimate of 27 bps and smaller than the five-yr (60 month) common unfold among the low and excessive estimate forty nine bps. The median estimate (yr-over-yr, now no longer seasonally adjusted) for the client rate index apart from food & energy (Core CPI) is 3.2%. Tomorrow (October 10) the U.S. Bureau of Labor Statistics (BLS) will launch the CPI and Core CPI numbers for September. 💎 XAUUSD Buy limit 2604 - 2607💎 ✔️TP1: 2617 ✔️TP2: 2627 ✔️TP3: OPEN 🚫SL: 2595 ➖➖➖➖➖➖➖➖ 💎XAUUSD Sell limit 2637 - 2635💎 ✔️TP1: 2627 ✔️TP2: 2617 ✔️TP3: OPEN 🚫SL: 2653
OANDA:XAUUSDLong
by FalCol_TradingMaster
Fears of rising disputes reduce confidence in goldOn the opposite hand, there may be a danger of inflation, the Boston Fed president stated Boston Fed President Susan Collins stated Tuesday that the U.S. economic system is at danger now no longer simplest from the chronic race however additionally from a recession. Collins stated there may be nonetheless a risk the hard work marketplace might be robust whilst the taper is complete, however "it`s all at danger." "There's plenty to preserve song of. I suppose humility is continually essential and we have got discovered that there may be surprises alongside the way," Collins stated. On the only hand, the Federal Reserve's push to elevate hobby prices to lessen emissions has made the economic system "extra liable to negative shocks," in keeping with Collins. "My self belief in displaying development has increased - however so has the danger of the economic system slowing once more to the diploma had to repair charge stability," she stated. 💎 XAUUSD buy 2617- 2615💎 ✔️TP1: 2625 ✔️TP2: 2635 ✔️TP3: OPEN 🚫SL: 2609 💎 XAUUSD sell 2637- 2635💎 ✔️TP1: 2625 ✔️TP2: 2615 ✔️TP3: OPEN 🚫SL: 2643
OANDA:XAUUSDLong
by FalCol_TradingMaster
Accumulation Triangle and Economic Forecast In the current scenario, gold is sticking to a triangle pattern on the 4-hour chart, showing a sideways swing before deciding on a clear trend. The EMA (34) and EMA (89) are currently holding steady and holding key support levels, highlighting the possibility of a bounce if the price breaks above the triangle’s borders. The immediate resistance is at $2,700, and if it is cleared, the next target would be $2,720, especially if geopolitical tensions increase, which could boost demand for safe-haven assets like gold. However, if the price breaks the triangle’s support, we could see the price drop to lower levels, selling pressure could increase, especially if the US economic data continues to be positive and supportive of the USD.
OANDA:XAUUSD
by Naoomi
World gold prices decreased despite the decline in the USD index 💎 Middle East situation: If a military conflict occurs, it is likely that Russia and China will intervene, because they have declared their side to protect Iran. This could push gold prices up sharply due to safe haven demand. 📈 Technically, after yesterday's breakout session, gold's upward momentum has returned, so the main trend of gold price in the near future is still going up. ⚡️ Trading strategy: Buy Limit orders around two areas 262x and 264x. Take profit (TP): around the first zone 2645, the second zone at 2665-2670 or higher depending on developments. Stop loss (SL): below 6 price level for each pending order. ⚠️ Note: Need to closely monitor reactions from the NONFARM report and the geopolitical situation, especially if any tensions escalate in the Middle East, which could cause major fluctuations in gold prices.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Current Trend and Next Key PointsThe current gold chart shows price stability around $2,660, as the EMAs (34) and (89) reflect a balance between supply and demand. This stability seems to signal that I am preparing for another breakout. With the current economic and political uncertainties, gold continues to be a safe haven asset that I am always watching. If gold can break above $2,660, I expect a new uptrend to begin; otherwise, a downside correction towards the EMA (89) could provide an attractive buying opportunity for me.
OANDA:XAUUSD
by Naoomi
World gold prices did not change much when the USD index strengtAdvisors are also monitoring the Institute of Applied Management (ISM) service numbers and initial unemployment claims expected to be announced later in the day, along with data on the situation. Wages in the US non-agricultural sector are expected to be announced on October 4. In a recent interview with Kitco, Chris Mancini - Associate Portfolio Manager of the Gabelli Gold Fund (GOLDX), shared his optimistic view on gold. He noted that even if gold prices stabilize around $2,650 an ounce, gold miners will still make solid profits. Although the FOMO (fear of missing out) mentality in the mining sector is not really optimal, Mancini said he hopes this mentality will change as the new year approaches.
OANDA:XAUUSD
by FalCol_TradingMaster
Cup and Handle: Potential Breakout for GoldOn the 4-hour chart of gold, I am predicting a “Cup and Handle” pattern forming, with a strong breakout potential. This pattern is often a sign of further upside, especially when it is confirmed by a breakout above the resistance line. Recent news suggests that geopolitical instability could be a major factor pushing gold prices higher. For example, escalating tensions in the Middle East, especially armed clashes between regional powers, have prompted investors to seek gold as a safe haven. In addition, concerns about delays in tightening monetary policy by major central banks have also increased the appeal of gold.
OANDA:XAUUSD
by Naoomi
Gold price slumps on Wednesday amid heightened tensions between Gold retreated on Wednesday in the course of the North American consultation and dropped 0.50% each day as investors eyed Israel`s response to Iran`s assault on Tuesday. Geopolitics stays the driving force for investors, which lifted Gold fees after posting returned-to-returned bearish classes when you consider that final Friday. At the time of writing, the XAU/USD trades at $2,648 after hitting a excessive of $2,663. The marketplace temper stays downbeat, as portrayed via way of means of US equities buying and selling withinside the red. According to exceptional newswires, traits withinside the Middle East endorse an escalation is likely. This shows that Bullion fees may want to enlarge their profits withinside the quick term. Israel's envoy to the United Nations commented that Iran will face effects for its missile assault on Tuesday. At the equal time, US Deputy Secretary of State Kurt Campbell brought that it is “now no longer simply Israel this is considering reaction alternatives to Iran assault, US is too.” In addition, personal hiring withinside the United States (US) improved above estimates in September, in line with ADP National Employment Change data. Meanwhile, Richmond Fed President Thomas Barkin stated the 50-basis-point (bps) fee reduce in September mentioned that quotes were “out of sync.” Barkin brought that a few factors of the financial system endorse the disinflation manner could retain however that "it stays tough to mention that the inflation struggle has but been won.”
OANDA:XAUUSDLong
by FalCol_TradingMaster
Mild Volatility in Bollinger BandsLooking at the recent gold chart, we see that the gold price is trading within a clear channel bounded by the Bollinger bands. The price is currently hovering around the midpoint, with the current price at $2,656.05/ounce. This suggests some uncertainty in the market, with the gold price not seeing much significant movement in the short term. This stability may reflect investor caution in the face of broader financial market volatility and macroeconomic factors. With key economic reports and policy makers awaiting, investors may be taking a wait-and-see approach before making any major buying or selling decisions. To mitigate risk, I recommend keeping a close eye on the support level around $2,645/ounce and the resistance level around $2,685/ounce. These price breakouts will be important signals for further moves in the gold market.
OANDA:XAUUSD
by Naoomi
Gold price is in the most balanced state in the past 2 monthsMany observers consider that call for for gold in China might also additionally decline after the authorities has simply brought a sequence of measures to rescue the economy, which include the actual property market. Cash go with the drift abruptly determined its manner to Chinese stocks. Gold is likewise below stress from the USD all at once strengthening withinside the October 1 consultation withinside the context of a sequence of different nations seeking to pump cash to aid the economy. The DXY index (measuring the fluctuation of the USD in opposition to a basket of 6 predominant currencies) accelerated once more to 101.2 factors at the night of October 1 (Vietnam time), in comparison to 100.36 factors on October 25. 9, however nonetheless decrease than the extent of 103 factors in mid-August and the extent of 106.25 factors on the stop of April. Currently, gold continues to be supported via way of means of escalating geopolitical tensions withinside the Middle East. Signs display that Israel has a clean gain withinside the region. And it's far possibly that the state of affairs withinside the Middle East will settle down after a warm period. 💎 OANDA:XAUUSD BUY 2649 - 2647💎 ✔️TP1: 2660 ✔️TP2: 2668 ✔️TP3: OPEN 🚫SL: 2640
OANDA:XAUUSDLong
by FalCol_TradingMaster
Spotting Opportunities in Market VolatilityThe current gold chart shows a strong uptrend, with signs of a slight correction as it approaches the upper boundary of the price channel. The latest macroeconomic and monetary policy data has put pressure on gold, but also opens up buying opportunities at reasonable prices. The market's reaction to announcements from the Federal Reserve and important economic reports can impact gold prices. The current uncertainty can be an opportunity to increase positions in gold. Gold is in a clear uptrend channel, but has recently touched the upper part of the channel, suggesting a slight downside. The next important support level is around $2,660, where buying can be considered. Short-term profit targets can be identified near the next resistance level.
OANDA:XAUUSD
by Naoomi
Lower performance reduces the opportunity cost of holding goldGold prices are under pressure as the US Federal Reserve (FED) signals a moderate pace in the next safety break. According to Kitco, FED Chairman Jerome Powell has just taken a rather positive tone, noting that "the economy is in a solid state." “Looking ahead, if the economy develops as expected, policy will shift in a more neutral direction. But we don't have any predefined programs. The risks are two-sided and we will continue to make our decisions with each competition. Our decision to reduce interest rates by 50 basis points reflects our idea that, with appropriate calibrating of school policies, labor market strength can be maintained. , in the context of economic growth and the possibility of inflation falling firmly to 2%," Mr. Powell said. 💎 OANDA:XAUUSD Buy 2624 - 2627💎 ✔️TP1: 2647 ✔️TP2: 2657 ✔️TP3: OPEN 🚫SL: 2619 ➖➖➖➖➖➖➖➖ 💎 OANDA:XAUUSD Sell 2657 - 2655💎 ✔️TP1: 2647 ✔️TP2: 2637 ✔️TP3: OPEN 🚫SL: 2663
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Bullish Outlook: Cup and Handle PatternThe current gold chart is showing a Cup and Handle pattern, a technical signal that indicates a potential bullish breakout. This pattern is completed when the price breaks above the resistance line of the "Handle" section, and currently, we are witnessing signs of such a breakout. The EMA 34 and EMA 89 support the medium and long-term uptrend, reinforcing the belief in the sustainability of this bullish momentum. What do you think about this prediction, let me know in the comments!
OANDA:XAUUSD
by Naoomi
Trend Analysis and Outlook in the Current Economic ContextThe current gold price chart reflects a bullish market, with prices hitting new highs, a testament to the growing appeal of gold as a safe-haven asset in times of uncertainty. The recent price increase is the result of a combination of the US Federal Reserve’s (Fed) monetary policies and rising geopolitical uncertainties. In particular, the Fed’s decision to cut interest rates has reduced the opportunity cost of holding gold, thereby stimulating investment demand for gold. In addition, expectations of further interest rate cuts in the future have also boosted gold prices, with the market predicting a 62% chance of the Fed cutting another 50 bps in November. In addition, geopolitical uncertainties, such as the conflict between Israel and Gaza, have also contributed to increased demand for gold. In times like these, gold is often seen as a safe-haven investment, protecting the value of assets when inflation and political uncertainty increase. In the chart, the 34 EMA and 89 EMA are both bullish, with both moving averages below the current price, further reinforcing the bullish bias.
OANDA:XAUUSD
by Naoomi
Gold Continues to ClimbThis latest gold price chart shows that prices have been in a strong uptrend. Gold has been steadily rising since the beginning of September, with many prices closing higher than they opened, which is a clear sign of investor optimism. The price has been moving within and mostly above the upper Bollinger Bands, which suggests that the price move has strong momentum, with higher than average volatility. The Bollinger Bands are now widening, a sign that price volatility is likely to continue to increase. This also reflects the level of uncertainty and volatility that the market is experiencing. The 20-day SMA, which has been acting as short-term support, now appears to be sloping up, suggesting that the uptrend is likely to continue.
OANDA:XAUUSD
by Naoomi
Gold Prices Edge Up on PPI Data, Interest Rate DecisionGold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be more flexible in monetary policy, especially after the ECB cut interest rates, contributing to the appeal of gold as a safe-haven investment. Gold prices closed at $2,534.60 an ounce, up $24.10. Gold is in a strong recovery phase after hitting a low of $2,486.019. The bounce from the 0.618 Fibonacci level of gold shows a strong bullish trend, and this level is being viewed by the market as key support. After breaking above the 0.618 level, gold is now looking towards the 1.618 Fibonacci level ($2,543.422). A successful break above this level could lead to further upside towards the 1.618 Fibonacci level at $2,578.897, which would strengthen the case for a stronger uptrend. The immediate resistance to watch is at $2,578.897, an area that has seen resistance in the past. If the price fails to break above this level, a correction or trend reversal could occur. In the event of a correction, the next important support level to watch is at $2,486.019, where the price has reacted strongly in the past and could continue to be a strong bounce point for the price.
OANDA:XAUUSD
by Naoomi
1