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Gold-trading

“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
Supported jobs figures in the US are worth goldAs at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars. The market last night received information that the number of applications for unemployment support last week in the US increased sharply compared to the previous week, causing investors to worry that the world's No. 1 economy has shown signs of weakness. Specifically, the number of first-time applications for unemployment benefits last week was at 231,000 applications, much higher than the forecast of 212,000 applications and 209,000 applications achieved the previous week. The 4-week average unemployment support applications also increased from 210,000 units to 215,000 units last week. The USD today fell 0.3% against larger currencies after this report was published. A weaker USD makes gold cheaper for buyers outside the US. Today's data showed signs of a weakening job market, reinforcing expectations that the Fed will lower interest rates sooner than forecast. This sentiment supports precious metals markets, such as gold and silver. Bob Haberkorn, senior market strategist at RJO Futures, determined: "US jobs numbers support gold prices. Hidden buying force appears." 💵 TVC:GOLD SELL 2352 - 2350💵 ✔️TP 2340 ✔️TP 2330 ❌SL 2358
TVC:GOLD
by MrTrongVo
USD heavily influenced by Fed rate expectationsWhen assessing that prospect, there are worse market indicators to monitor than the front-end of the US bond curve. As this chart shows, the daily correlation between the US dollar index and US two-year bond yields over the past quarter stands at 0.89, implying the dollar usually follows movements at the front-end of the US curve. Gold looks great on he charts, continuing to consolidate above former record highs within a broader uptrend. With RSI breaking its downtrend and MACD looking like it may soon crossover from below, momentum looks to be shifting higher once again. Having tried and failed on multiple occasions to break below $2285 in May, that would provide a decent entry level for longs, should the price return there. A stop could be placed below the level for protection. Alternatively, should the price get a foothold above $2355.10, that too would be a decent entry level, allowing for a stop to be placed below targeting a retest of the 2024 high above $2430.Right now, the jury is out when it comes to whether we’re witnessing a turning point for the big dollar with futures remaining close to key horizontal resistance with the 50 and 200-day moving averages sitting just above. This zone looms as important when it comes to directional risks for the dollar and short-end rates, managing to repel an attempted break higher last Friday following the release of softer-than-expected payrolls and ISM services PMI data.
OANDA:XAUUSD
by MrTrongVo
Gold Bull Run Is Not Just A U.S. Dollar StoryLast week, I had the satisfaction of web website hosting a webcast on gold and gold mining stocks, and I become satisfied to be joined via way of means of portfolio supervisor Ralph Aldis. Thanks to all who participated! Regretfully, I`m now no longer accepted to proportion a replay of our dialogue because it become supposed for economic advisors, however there are some key factors I`d want to highlight. Gold hit a sparkling all-time excessive of $2,432 in line with ounce recently, marking what Ralph and I see as one of the superb gold breakouts because the cease of Bretton Woods. The yellow metal`s attraction as a hedge towards uncertainty, coupled with consistent month-to-month purchases via way of means of relevant banks, has now no longer simply raised the charge ground however need to assist the asset obtain new highs withinside the coming weeks and months. Gold’s recent surge isn’t just a U.S. dollar story. The precious metal is also making historic breakouts in various currencies around the world, from the Japanese yen to the Chinese yuan and Indian rupee. This global phenomenon underscores the universal appeal of gold as a store of value and a means of preserving purchasing power. Chinese retail investors are leading a significant influx into the country’s gold-backed ETFs. In March alone, Chinese gold ETFs saw an impressive inflow of RMB1.2 billion ($164 million), marking the fourth straight month of positive flows, according to the World Gold Council (WGC). The investing spree propelled total AUM in gold ETFs to a staggering RMB35 billion ($5 billion) by month’s end.
TVC:GOLD
by NicoTradingMaster
Gold Falls As US Dollar Rises On Strong Core PCE InflationGolden Dilemma: The rate of the yellow steel has fallen from its excessive as US Dollar`s restoration pushed with the aid of using increased US middle PCE inflation information, placing strain at the cost of gold. The annual underlying inflation information rose at a better tempo of 2.7% from the estimates of 2.6% however decelerated from 2.8% recorded in February. Stronger-than-anticipated figures hose down Gold`s charm with the aid of using lowering the chance of Federal Reserve charge cuts in the approaching September economic coverage meeting. The month-to-month underlying inflation information met expectations, last steady with the preceding studying of 0.3%. This state of affairs favors bond yields and the United States Dollar. * Technical Breakout: Gold fee changed into traded decrease following previous retracement from the resistance stage 2335.00. MACD which illustrate diminishing bullish momentum sign endorse the commodity to possibly expand its retracement. * Resistance and Targets: If the bearish momentum persists, there`s a robust probability that the fee will probably head in the direction of 2270.00. Conversely, a breach lower back above the extent 2335.00 might endorse a fashion continuation and probably head in the direction of 2400.50 stage. Understand how technical evaluation let you on this buying and selling opportunity.
OANDA:XAUUSD
by NicoTradingMaster
GOLD (XAUUSD) - Scalping/IntradaySELL LIMIT: R1 - 2353.632 BUY LIMIT: S1 - 2323.364 Trading Guidelines (GOLD): Risk Management: Risk no more than 1% of your capital per trade. Maximum Trades: Limit yourself to a maximum of 2 trades per day. Trading Sessions: Focus on trading between the London and NY sessions. Discipline: Execute the order at the identified level. Stop Loss and Target: Set stop loss at 500 points and targets at 1000-1500 points. Evaluation: If a loss is incurred, wait for the next day and try again. Simplicity: Keep the trading routine simple and straightforward.
OANDA:XAUUSD
by TradingDame
World gold prices are high and seem quite stable 2300World gold spot rate is round 2,318.eight USD/ounce, down 1.2 USD/ounce in comparison to overnight. Gold futures rate in June 2024 at the Comex New York ground is at 2,330.2 USD/ounce. At 8:00 p.m. on April 24 (Vietnam time), today's spot gold price on the world market is at 2,320 USD/ounce. Gold for delivery in June 2024 on the Comex New York floor is at 2,334 USD/ounce. The world gold price on the night of April 24 is about 12.5% ​​higher (257 USD/ounce) compared to the end of 2023. World gold price converted by USD bank price is at seventy-two million VND/tael, including Taxes and fees are about 12.5 million VND/tael lower than the domestic gold price at the end of the afternoon session on April 24. The world gold price hangs high and appears to be quite stable above the threshold of 2.3 hundred USD. World gold prices are kept at a high level because investors are still concerned about the situation in the Middle East as well as in Ukraine. Previously, pressure from the people to create investment pressure hit the possibility that the Israeli government would have to be careful in deciding how to reduce tensions in the Middle East. Both sides also lowered their voices a bit. However, on April 24, Iranian President Ebrahim Raisi warned that if Israel attacked Iran again, it would wipe out Israel. Specifically, the President of Iran said when "it is unknown whether this country will stay or not".
OANDA:XAUUSDLong
by MrTrongVo
Gold rebounded towards $2330 after an unsuccessfulGold rebounded towards $2330 after an unsuccessful attempt to settle below the $2300 level. From the technical point of view, gold received strong support in the $2295 – $2305 range. Gold completed a 50% retracement today with a low of 2,291 before buyers took control and ran the precious metal up to a high of 2,334, at the time of this writing. Earlier in Tuesday’s session the sellers were in control and dropped gold down to below its 20-Day MA to test support around the 50% retracement of the internal upswing. The 50% level is at 2,289. That is close enough given the subsequent bullish reaction following that low. An upside breakout will be triggered on a rally above today’s high of 2,334, while a drop below today’s low of 2,291 signals a continuation of the correction. Also, gold could trade tomorrow inside day, which would provide a setup for Wednesday. A rally will be heading up into a potential resistance zone that arguably starts from around 2,354. Also, keep an eye on potential resistance around the 8-Day MA at 2,362 and this week’s high of 2,389.
OANDA:XAUUSDShort
by MrTrongVo