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Gold-trading

The Fed is planning to cut interest rates in SeptemberWorld gold prices have skyrocketed amid the danger of escalating conflicts in the Middle East and US Federal Reserve (FED) Chairman Jerome Powell gave a signal after today's Fed meeting via the Chinese bank. The US is ready to rotate monetary policy if the inflation rate continues to decline in focus. After a 2-day policy review, the Fed decided to keep interest rates unchanged at the expected level at 5.25-5.5%. Besides, at the press conference after the Fed meeting, Mr. Powell aroused consultants' hopes about the ability to provide monetary policy at the upcoming September meeting. He said that if data continues to provide confidence that inflation is slowing toward its 2% target, the Fed may be ready to act.
TVC:GOLDShort
by FalCol_TradingMaster
The Fed will reveal the possibility of cutting interest ratesWorld gold fees grew to become down with spot gold fees down 5.6 USD to 2,384.7 USD/ounce. Gold futures ultimate traded at $2,427.60 an ounce, down $1.70 from the brilliant spot. The dollar`s recuperation has positioned stress at the yellow metal. Accordingly, the United States Dollar Index rose best approximately 0.3% to its maximum stage in extra than 2 weeks, making gold extra bearish for holders of different currencies. Marex analyst Edward Meir, at the verge of recuperation for the greenback, records from China indicates that a lower in gold spending withinside the world's biggest gold customer additionally impacts the route of gold. The state-of-the-art document indicates that gold intake in China reduced through 5.6% withinside the first 1/2 of of 2024 as call for for gold earrings reduced through 26.7% amid excessive fees. However, call for for Lis gold and cash skyrocketed. Although gold is beneathneath stress from the greenback, specialists say that the treasured metal's decline has been "braked" way to issues approximately extended geopolitical tensions withinside the Middle East after the missile assault in Golan Heights.
OANDA:XAUUSDShort
by MrTrongVo
Gold technical analysis : 31/7/2024Price movement on gold`s each day chart has remained inside a uneven variety among 2350 - 2500 because April. As mentioned in preceding analysis, it is able to retrace decrease earlier than it breaks to new highs. But momentum is pointing better in anticipation of a dovish Fed assembly, and in the event that they supply I suspect gold can be headed for $2500. I doubt it's going to truly destroy to new highs thinking of how charges struggled above $2500 in April, May and July. But we will re-examine charges in the event that they get to or beyond $2500. The 1-hour chart suggests charges appearance eager to increase their profits in advance of the FOMC assembly in a capacity `purchase the rumour, promote the fact` move. Bulls may want to are seeking dips at the 1-hour time frame at the same time as charges preserve above 2420 with 2480 creating a capacity upside goal over the close to term. A dovish Fed brings $2500 into focus.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAU/USD attracts some buyers near $2,400 as US PCE data Gold price (XAU/USD) edges higher to $2,395 during the early Asian trading hours on Monday. The yellow metal gains ground on the hope of an interest rate cut by the Federal Reserve (Fed) in September after cooling US inflation data. Investors will closely watch the Fed Interest Rate Decision on Wednesday, with no change in rate expected. The recent evidence of progress on inflation has triggered expectations that the Fed would start easing monetary policy in September, which boosts the price of precious metals as lower interest rates generally reduce the opportunity cost of holding non-yielding bullion. Market analyst at forex.com, Fawad Razaqzada, said that the mixed-to-weaker US data on Friday indicated inflationary pressures and economic activity are waning, paving the way for the Fed to cut rates twice this year. The Personal Consumption Expenditures (PCE) Price Index increased 0.1% MoM and was up 2.5% YoY in June, in line with the market consensus, according to the Commerce Department. The year-over-year gain in May was 2.6%, while the monthly figure was unchanged. Meanwhile, core PCE inflation, which excludes food and energy, rose to 0.2% MoM from 0.1% in May. The annual core PCE rose to 2.6% in the same period, compared to 2.5% in May. Both figures matched expectations. Investors are now pricing in nearly 90% odds of a Fed rate cut in September, followed by another cut in November and December, according to the CME FedWatch Tool.
OANDA:XAUUSD
by FalCol_TradingMaster
Impact of core PCE on the XAUUSD projectMeanwhile, in phrases of today`s buying and selling session, we've an essential facts piece coming up, the device may be the May Core PCE Price Index. Expect the index to upward thrust 0.1 % need to be as compared to ultimate month so ultimate month's growth become 0.2%. On a 12 months-on-12 months basis, the index is anticipated to are available at +2.6% in May, down from +2.8% 12 months-on-12 months in April. If real facts is weaker , then that might gain bonds to fall, which could assist enhance the attraction of low- and zero-yielding property like gold. On the each day timeframe, it could be visible that gold has now reached capacity guide in the $2,385 to $2,four hundred region. The preceding resistance degree meets the 21-day exponential shifting common here. The 21-day EMA regularly offers precise guide at some stage in sturdy trends. Let's see if this occurs again, or if we fall a bit under this degree this time. The bullish fashion line when you consider that February is round the $2365 region, that's the subsequent key guide if the $2385-2400 region is broken.
OANDA:XAUUSDShort
by Chart_MasterPro
1
Gold prices are under pressure due to the firmness of the USDTechnical Outlook: In last month's Weekly Gold Price Forecast, we noted that XAU/USD has "consolidated just above the 75% parallel over the past month... For now, the immediate focus is on breaking 2300-2333 range break - losses should be limited to the median so that October's uptrend remains viable with a close above 2431 needed to mark a continuation of the uptrend." The consolidation pattern broke higher the following week with gold prices soaring more than 8.6% from June lows. Weekly support lies at the target monthly open/highest weekly close for May (HWC) at 2326/33 and is backed by a more significant technical hold at 2278/93 - one area defined by the 23.6% retracement of the broader 2022 advance and the 38.2% Fibonacci retracement of the 2024 annual range. A broken/closed window below this pivot zone would is needed to find a bullish market correction block rather than a return to the median line (currently ~2200). The key resistance level remains at the record closing high/April High at 2415/31 and a weekly break/close above the upper latitude line (blue) would be needed to mark the continue the uptrend and complete the next big move in price. The next targets point to a 1.618% extension of the October bullish period at 2516 and a 1.618% extension of the 2022 bullish period at 2565.
OANDA:XAUUSDShort
by Chart_MasterPro
GOLD Slips Amid PBoC Buying Pause: Key Supply Zone in FocusThe price of gold attracted fresh sellers during the early European session on Monday. The precious metal lost traction following the People's Bank of China's (PBoC) decision to keep its gold buying on hold for the second consecutive month in June, as revealed by official data released on Sunday. This pause by one of the world's largest buyers of gold has put pressure on the metal's price. From our analysis, the gold price may test the $2,405 area, where we have identified a significant Supply zone. We have set a pending order at this level, anticipating potential resistance. This Supply area is critical for our strategy, as it aligns with historical patterns and technical indicators. Additionally, examining the seasonality of gold, we noticed that prices typically rise in August before entering a bearish period that lasts until October. This seasonal trend provides context for our current market approach, reinforcing the importance of the $2,405 Supply zone in our trading plan. We are closely monitoring the gold price as it approaches our identified Supply area. Given the historical seasonal trends and recent market developments, we are strategically positioned to respond if the price hits this key level. Our analysis suggests that this could be an opportune moment for a trade, anticipating a potential reversal as the market reacts to the PBoC's decision and seasonal patterns. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
3
World gold is in the mood for Fed cutsThe world gold price went down, the USD continued to gain and showed that 10-year US government bonds also reached their highest level in the last 2 weeks. The school's attention focuses on the US personal consumption expenditure price index (PCE) in May - an appropriate control measure of the US Federal Reserve (Fed) to better know the interest rate performance of the US. center row. In addition, there are estimates of US Q1 GDP and an important debate between US President Joe Biden and Republican opponent Donald Trump on June 27. According to CNBC, Fed Governor Michelle Bowman said on June 25 that maintaining policy rates stable “for a while” may be enough to control inflation, but reiterated that she is ready to raise interest rates if necessary. . If interest rates decrease, it could bring gold prices down... 💵 OANDA:XAUUSD SELL 2316 - 2318💵 ✔️ TP 2310 ✔️ TP 2300 ❌ SL 2323 💵 OANDA:XAUUSD BUY 2286 - 2288💵 ✔️ TP 2295 ✔️ TP 2300 ❌ SL 2279
OANDA:XAUUSDLong
by MrTrongVo
“Hold your breath” waiting for the signal from FedWorld gold prices tend to increase with immediate gold trading increasing by 3.2 USD compared to last week to 2,323.2 USD/ounce. After a volatile week, the market forecasts world gold will stabilize this week as little important data is announced mid-week. The most awaited information displayed in the field is the core personal consumption expenditure index report (the desired measure of the US Federal Reserve (Fed)) expected to be arranged at the end of the week. . Some say that this report is expected to create volatility in the market. Weaker data could increase the likelihood of a Fed rate cut in 2024, a scenario that would support the yellow metal. Conversely, taking advantage of hotter play is expected to create a deeper drop in gold. Although the upward momentum has slowed, many analysts believe that the factors that have supported gold in recent times have not disappeared. Accordingly, worries about geopolitical instability remain, especially ahead of the US-style election in November. Additionally, the USD's position as the world's reserve currency continues to persist. principles and boundaries of discovery needs. 💵 OANDA:XAUUSD BUY 2317-2320💵 ✔️ TP 2330 ✔️ TP 2335 ❌ SL 2310.5 💵 OANDA:XAUUSD SELL 2333-2336💵 ✔️ TP 2325 ✔️ TP 2320 ❌ SL 2343
OANDA:XAUUSD
by MrTrongVo
GOLD (XAUUSD) BUY TRADEIn today's trading session, Gold Spot (XAU/USD) showcased a significant price action movement, surging from the 2,312.876 support level to break above the key resistance at 2,336.046, reflecting a substantial intraday bullish momentum. The price reached an impressive 61.80% Fibonacci retracement level of the previous downtrend before encountering selling pressure. Despite the pullback, the bullish trend remains intact, with strong buying interest evident around the 2,312.876 mark. Traders should keep an eye on the 2,335.980 resistance, as a break above this level could signal further upside potential. Stay tuned for potential breakout opportunities and manage your risk accordingly.
OANDA:XAUUSDLong
by akumjoel
GOLD A Fall Expected! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2361.2 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2345.5 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
Gold remains a safe havenGold-subsidized ETFs and comparable merchandise make up a giant part of the gold market, with institutional and character traders the use of them to enforce plenty of their funding strategies. Flows in ETFs regularly spotlight short- and long-time period perspectives in addition to the preference to preserve gold. The information in this web page tracks gold held in bodily shape with the aid of using open-cease ETFs and different merchandise including closed-cease price range and mutual price range. Most of the price range in this listing are subsidized totally with the aid of using bodily gold. Physically subsidized gold ETFs 1 noticed their first month-to-month inflows seeing that May closing year, amounting to $529 million 2 . Rising gold prices (+2%) and capital inflows driven gold ETF property beneathneath management (AUM) 2% better to $234 billion, the very best seeing that April 2022. And with gold ETF call for advanced in May, typical holdings extended once more to 3,088. t, however still -8.2% decrease than the 2023 average (3,363 tons). European and Asian price range have fueled worldwide capital flows. While May marked Asia`s fifteenth consecutive month-to-month capital influx, Europe recorded its first fantastic capital influx seeing that May closing year. Meanwhile, capital flows in North America grew to become negative, albeit handiest slightly.
OANDA:XAUUSD
by MrTrongVo
Gold creates a strong decreasing patternGold stays in a good consolidation sample because it has for the beyond 9 days. The excessive of the variety is at 2,364 (C), additionally a weekly excessive, and the low is 2,315. On Wednesday gold superior to a three-day excessive of 2,357, over again checking out resistance on the 20-Day MA. At the time of this writing gold is on the right track to shut at its maximum each day ultimate fee in six days. An increase above 2,360 will offer an in advance bullish sign than a upward thrust above 2,364. The 50-day MA has represented a place of ​​assist during the last week. If this week`s low of 2,315 fails to maintain assist, gold will goal to retest the current swing low of 2,277. A wreck beneath that stage could goal the preceding breakout degrees at 2,212 and 2,195. The meantime goal is 2,239, that is the final touch of the downward ABCD sample. That goal is a capability pivot in which assist will be seen. Downside prolonged ABCD goal at 2,205, withinside the 2,212 to 2,195 fee variety 💵 OANDA:XAUUSD SELL 2371-2373💵 ✔️ TP 2360 ✔️ TP2 2350 ❌ SL 2379 💵 OANDA:XAUUSD BUY 2353 - 2355💵 ✔️ TP 2360 ✔️ TP2 2370 ❌ SL 2347
OANDA:XAUUSDShort
by MrTrongVo
Gold Price Forecast: Holds 50-Day MA Support Amid Downtrend Gold holds assist across the 50-Day MA for the fourth day in a row on Tuesday. It stays sandwiched among resistance across the crimson 20-Day MA and the 50-Day line for assist. Although gold has dipped under the 50-Day line intraday withinside the ultimate days, it has ended the classes at or above the 50-Day line. Watch wherein it ends nowadays to peer if there's a alternate withinside the latest final pattern. If the day by day near is decrease relative to the 50-Day line than what has been visible to date, it is able to be signaling similarly weak spot earlier than the retracement is complete. Nevertheless, the weekly chart is taking a extra bearish tone. This week brought about a 3rd consecutive decrease weekly low. The week`s low of 2,315 is decrease than ultimate week`s low of 2,321, that is decrease than the previous week`s low of 2,325. In addition, this week and ultimate week`s highs are every decrease than the previous week. In different words, there's a sequence of decrease weekly highs and decrease weekly lows set up at the weekly chart, which defines a downtrend. That will begin to alternate if this week`s excessive receives above ultimate week`s excessive of 2,364 earlier than the cease of this week.
OANDA:XAUUSDShort
by MrTrongVo
Everyone waits for Nonfarm news this weekWe can also be retaining a near eye at the Committee`s "longer-run" fed budget price projections. The median longer-run dot changed into basically unchanged at 2.5% among June 2019 and December 2023. The median ticked up ever so barely to 2.56% withinside the March SEP, and our first-class wager is that the median longer-run dot is headed modestly better withinside the June SEP, probable to a cost among 2.625% and 2.75%. Data launched for the reason that remaining assembly suggest that the chance of charge re-acceleration because of robust monetary interest has faded somewhat. However, we proportion the commonplace expectation that the FOMC will maintain its goal variety for the federal budget price unchanged at 5.25%-5.50% at the belief of its coverage assembly on June 12. We assume to peer a nod withinside the post-assembly declaration to the latest blend of interest and charge facts suggesting a decrease hazard of charge re-acceleration, however we assume the Committee will preserve to represent inflation as “elevated.”
OANDA:XAUUSD
by MrTrongVo
ZeroLend 300% possibility high chance ( this can become the 3x)Zerolend shows an interesting cycle view for the long term. We see this as one of the main volume low market cap coins that can show high results. We will follow the trend of Zerolend in the coming days. it's a high-risk coin, but at the same time a coin that can do 300% with a high chance, since there is no guarantee in the market. Since the breakdown is low time frame the coin becomes interesting for the whale entry. we did choice a view check of red side low time frame. let's see where the coin can go.. it's not about today only, but the coming time. This update is not trading advice Trading without a plan can be risky.
Long
by SatochiTrader
1
This revelation pushed back interest rate cut expectationsGold fee has reached the inexperienced field location now and could watch for a response. If a robust bullish jump response happens on this location then the bullish fashion might be showed to preserve. Meanwhile, a in addition decline underneath this location might be a bearish signal withinside the medium-lengthy term. In the lengthy term, so long as expenses preserve to shape better swing excessive and swing low points, the fashion will remain bullish. World gold prices increased slightly in the context of a downward trend in the USD index. Recorded at 9:20 a.m. on May 27, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,620 points (down 0.02%). While central bank purchases and strong Asian demand have created a bullish trend in gold prices in the term, the US Federal Reserve's (FED) monetary policy work is but tentative. will create a vibrant gold price market. Minutes of the Fed's recent Federal Open Market Committee (FOMC) meeting showed solid results. In particular, the central bank exempts and reduces interest rates when applying the inflation capacity is still high.
OANDA:XAUUSDLong
by MrTrongVo
Gold dropped sharply as the FED continued to be hawkishA bad home sales report (but record April home prices) combined with falling traffic and smaller spending data from Target cast an early shadow on the markets but it was the FOMC Minutes that did the trick. big waves with their more hawkish comments. For any and all that say "yeah but they're old, we've had CPI and Retail Sales since then", see the chart below to find growth macro data disappointing since the last FOMC meeting and the development of the data matrix continues to increase - not stopping at the state of testing the technical summary... The gold market remained unchanged before the FED meeting. However, in the Asian session, there was a very deep decline to the resistance area of ​​2342 - 2338. Currently, it is calming above the 2360 level But with these moves, we have the possibility that gold could fall further again
OANDA:XAUUSDLong
by MrTrongVo
Gold technical analysis: 21/5/2024The left chart suggests an equally-weighted gold basket of spot gold towards FX majors. It objectives to expose the underlying of energy of gold in general, and dilute the inverse dating among gold and americaA greenback – that is the maximum extensively observed gold market. On the proper we are able to see the gold futures (gold/USD) reached a document excessive on Monday along better buying and selling volume, even though it didn't keep onto profits above $2450 or the earlier document excessive and retraced lower. It is likewise exciting to notice that the gold basket has stalled round $2800, simply below its very own document excessive set in April. A bearish divergence has additionally shaped at the gold basket and gold futures contract, each of that are withinside the overbought zone. It can be tough to assemble a direct bearish case aside from gold stalling round key resistance levels. But that may be true sufficient for gold bulls to take notice and err at the facet of caution. We`ve already visible as soon as fake damage of the April excessive for gold futures, so possibly bulls may also need to at the least see the gold basket damage to a brand new document excessive earlier than assuming gold futures will keep directly to profits. Of course, what ought to assist with the latter case is to look americaA greenback index damage and keep under 104. Otherwise, some other method is for bulls to await a retracement earlier than looking for proof of a better low for bullish swing change at a extra beneficial price, in anticipation of a damage to a brand new document excessive.
OANDA:XAUUSDLong
by MrTrongVo
The Fed will likely keep interest rates higher for longer1. Schmid of the Fed knows interest rates will likely stay high for a while. 2. Mester of Fed said it was too early to conclude that a re-detection was likely. 3. US data PPI is inconsistent. 4. Fed's Powell says the Fed will likely keep interest rates higher for longer. 5. ECB's Wunsch found no need to cut rates after the first cut in June. The US April PPI published by the Bureau of Labor Statistics rose 2.2% from a year ago, a new high since April 2023, slightly higher than the previous 2.1%. It rose 0.5% from a month ago, beating expectations of 0.3% and the previous revised figure of -0.1%. Core PPI rose 2.4% year-on-year, slightly above expectations of 2.3%, and rose 0.5% month-over-month, exceeding 0.2% and expectations Previously it was 0.2%. This data surpasses expectations, showing that the rate of hard emission appears to be getting stiffer. However, the actual performance of this report may not be as shocking as the downwardly revised March data.
OANDA:XAUUSDShort
by MrTrongVo
Powell's been very clear that the next move is a cut“Bears have had ample opportunity to re-take control of the trend, but ever since the low printed on the NFP report, bulls have been making their way back,” Stanley said. “This week saw a break of the falling wedge, which takes on a similar appearance as a bull flag, and this keeps the door open for continued strength next week.” Adrian Day, President of Adrian Day Asset Management, sees the situation as fairly balanced for the coming week. “Gold’s resilience has been very strong,” Day said, “but I suspect we will see a pullback after another assault on $2,400, so for next week I’ll go with unchanged.” Adam Button, head of currency strategy at Forexlive.com, is concerned about Asian demand, but believes the uptrend remains in place. “Your story about the slowdown in gold buying from China has me worried, but it’s tough to argue with the price action,” he said. “We should consider that gold quotes have been periodically updating historical highs since February,” said Alex Kuptsikevich, senior market analyst at FxPro. “We can also consider the April retreat as a correction to the area of 76.4% of the growth impulse from the minimum close of the day in February to the maximum close in April. In this case, the growth target becomes the area of $2640 (161.8% of the initial rally).”
TVC:GOLDLong
by MrTrongVo
Wall Street back on the bullish bandwagonAmid cooling geopolitical tensions and a slow week for economic data releases, the gold market ultimately returned its focus to the Federal Reserve’s interest rate path. Spot gold opened the week trading just above the $2,300 level, and spent most of the week trading in a $30 range. In the absence of other significant data, gold prices took their direction from Thursday morning’s weekly jobless claims, which surprised to the upside. In light of Fed chair Jerome Powell's comments that rate cuts remain on the table for 2024, gold traders decided that the high jobless claims print improved those odds, and gold broke definitively above $2,330 just after 10:30 am EDT, climbing steadily for the rest of Thursday and throughout the overnight trading session before attaining its weekly peak of $2,378.56 per ounce around 6:30 am Friday morning. It continued to hold most of those gains throughout the Friday session. 💵 OANDA:XAUUSD BUY 2337 - 2334💵 ✔️TP 2350 ✔️TP 2355 ❌SL 2327
OANDA:XAUUSD
by MrTrongVo