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Gold price surges and sets new ATHThe European Central Bank (ECB) reduce hobby quotes extensively via way of means of 25 foundation points, in keeping with economists` expectancies. The ECB stated falling inflationary pressures are developing situations to loosen economic coverage: "Inflation statistics suggests that the deflation technique is at the proper track." similarly ECB easing withinside the first 1/2 of of 2025. "It basically stays that the ECB will supply a similarly 25-factor reduce at its December meeting, accompanied via way of means of comparable cuts in early 2025 till whilst deposit quotes reached a impartial stage of round 2% withinside the summer. Gold charges are receiving robust help from secure haven call for and issues approximately escalating geopolitical tensions. In addition, expectancies that americaA Federal Reserve (FED) will hold to loosen economic coverage after reducing hobby quotes via way of means of 1/2 of a percentage closing month are increasing. 💎 OANDA:XAUUSD sell 2710 - 2712💎 ✔️TP1: 2690 ✔️TP2: 2680 ✔️TP3: OPEN 🚫SL: 2720
OANDA:XAUUSDShort
by FalCol_TradingMaster
World gold prices increased despite the high USD index.World gold fees improved regardless of the excessive USD index. Recorded at 8:30 a.m. on October 16, americaA Dollar Index measuring the fluctuation of the dollar with 6 principal currencies changed into at 103,half points. Gold rose amid falling US Treasury yields, even as buyers carefully awaited greater statistics for sparkling clues approximately americaA Federal Reserve`s (FED) economic easing cycle. ). From the start of 2024 till now, gold fees have improved approximately 28% and outperformed US shares and bonds. Experts say that important banks' sturdy purchases of gold have contributed to the above increase. They appearance to this valuable metallic to defend country wide property in opposition to geopolitical and financial instability. According to Mr. Terrence Keeley - former senior supervisor of economic institution BlackRock and presently CEO of marketplace studies employer Impact Evaluation Lab, on common 15% of forex reserves of important banks is in valuable metals consistent with marketplace valuation. 💎 OANDA:XAUUSD sell 2669 - 2671💎 ✔️TP1: 2650 ✔️TP2: 2645 ✔️TP3: OPEN 🚫SL: 2678
OANDA:XAUUSDShort
by FalCol_TradingMaster
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
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
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
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
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
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
Is gold reaching 2700 possible?After americaA Federal Reserve (Fed) decreased primary hobby costs for the primary time seeing that 2020, international gold costs constantly set new records. Good advantages for gold, this tool does now no longer pay constant hobby. This morning, every ounce of gold for instant transport accelerated to 2,630 USD Forecasts from the international`s main banks all percentage a membership angle on valuable metals. Accordingly, 2700 USD could be accomplished this 12 months or early subsequent 12 months. In particular, the primary using pressure for the boom in valuable metals is the Fed's hobby fee cuts, plus assisting elements consisting of geopolitical instability and gold shopping energy from significant banks. 💎GOLD Sell Scalp 2625 - 2627💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2635
CAPITALCOM:GOLDShort
by FalCol_TradingMaster
Gold hits all-time high every day?Gold touched a file excessive in advance of US facts that`s predicted to offer clues on whether or not the Federal Reserve`s 50-basis-factor fee discount ultimate week could be the primary in a chain of competitive cuts. Bullion rose as a lot as 0.2% to hit $2,625.89 an ounce, beating the preceding all-time excessive published Friday. Traders are weighing the outlook for charges in advance of a batch of essential financial facts — which include the United States private intake prices gauge and jobless claims — due later withinside the week. Fed Governor Christopher Waller stated on Friday he`d possibly returned quarter-factor cuts at every of the following critical financial institution coverage conferences in November and December, need to the financial system evolve as he expects. Still, he stated any other half-percentage-factor reduce may want to eventuate if the process marketplace weakens. Gold investors have been additionally tracking escalating tensions withinside the Middle East, on worries combating among Hezbollah and Israel may want to expand into a much wider nearby conflict. That could possibly bolster the metal`s haven status. 💎 OANDA:XAUUSD Buy 2559 - 2561💎 ✔️TP1: 2570 ✔️TP2: 2590 ✔️TP3: OPEN 🚫SL: 2550 ➖➖➖➖➖➖➖➖ 💎 OANDA:XAUUSD Sell 2630 - 2632💎 ✔️TP1: 2620 ✔️TP2: 2610 ✔️TP3: OPEN 🚫SL: 2640
OANDA:XAUUSD
by FalCol_TradingMaster
Gold price approaches $3000The US Federal Reserve (Fed) recently decided to loosen monetary policy after 4 years, by reducing interest rates by 50 basis points (0.5%), to 4.75-5%. This agency emphasized that it is "always ready to adjust monetary policy if risks arise". Fed officials forecast the reference interest rate to decrease by another 0.5% by the end of this year and 1% next year. In 2026, they will reduce the interest rate by another 0.5% to 2.75-3%. However, gold quickly fell, now at $2,556/ounce, just about the same as today. The gap between domestic and international gold prices is about VND5.4 million/tael. Currently, investors are waiting for comments from Chairman Jerome Powell for more information on the main presentation. Robert Minter, chief investment strategist at Abrdn, said that in this new holiday, it is only a matter of time before gold surpasses $3,000/ounce .
TVC:GOLDShort
by FalCol_TradingMaster
Gold prices increase sharply when economic instability occursIn light of the progress on inflation and the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/2 percentage point to 4-3/4 to 5 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage‑backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective Gold prices rose sharply during this period, rising from about $350 an ounce in early 2003 to more than $700 an ounce by mid-2006, an increase of about 100% in just over three years. The positive performance during this time could be a combination of many factors. Rising inflation has created demand for gold as a complete hedge, and because the pace is only increasing gradually, the opportunity cost of holding gold remains relatively low. As of early September, the Fed is warning of the possibility of cutting interest rates while still reaching standard levels. This environment could be beneficial for gold, similar to the 2003-2006 period.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Investors are worried that the Fed only reduced it by 25 pointsWorld gold charges became down with spot gold down thirteen USD to 2,570 USD/ounce. Gold futures closing traded at $2,596.30 an oz, down $12.60 from the brilliant spot. Pressured with the aid of using a rebound withinside the greenback and a moderate upward thrust in Treasury bonds, the yellow metallic misplaced 0.5% after conquering an all-time excessive of $2,589.50 an oz early withinside the day. week. Currently, buyers are nevertheless awaiting facts on whether or not the United States Federal Reserve (Fed) could have a coverage pivot at this assembly as expected. After a chain of membership facts, monetary markets are forecasting a more potent Fed in its first hobby price reduce for the reason that 2020. According to the CME FedWatch tool, the marketplace is already assured withinside the opportunity of a tapping fundamental foreign money with a 63% mission discount might be 50 foundation points. 💎 OANDA:XAUUSD Buy 2558 - 2556💎 ✔️TP1: 2570 ✔️TP2: 2580 ✔️TP3: OPEN 🚫SL: 2548 💎 OANDA:XAUUSD Sell 2585 - 2587💎 ✔️TP1: 2570 ✔️TP2: 2560 ✔️TP3: OPEN 🚫SL: 2595
OANDA:XAUUSDLong
by FalCol_TradingMaster