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Gold-trading

World gold prices went down as the market increasingly lowered eWorld gold prices went down as the market increasingly lowered expectations that the US would cut interest rates. On the other hand, the need to safely hide capital in precious metals has also gradually decreased as the Iran-Israel conflict has calmed down. Any major stable addresses continue to support gold and any escalation would take prices up to $2,500 an ounce. This precious metal will only stop if central banks continuously buy or return to investing in risky assets. World gold prices are forecast to increase sharply at any time if the Middle East becomes more unstable. On the other hand, precious metal products are also being slowed down thanks to a rising USD on a global scale. A strong USD puts pressure on gold, thereby restraining the rise of this metal commodity.
OANDA:XAUUSD
by MrTrongVo
Will safe harbor demand accelerate next week?Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support, which is in the $2,295 – $2,305 range. But with the current unstable war situation, combined with the fact that the FED is seriously considering cutting interest rates in the coming period, gold will consolidate its current position and it will be difficult for it to fall deeply.
TVC:GOLD
by MrTrongVo
Gold reached record values ​​consecutively last weekWith gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long exposure for the first time in nearly five months I noted the divergence between asset managers and large speculators regarding net exposure, and with the US dollar rising it seems that asset managers were on the right side of the move. The US dollar benefitted from hot CPI, Fed members pushing back on rate cuts and safe-haven flows from Middle East tensions. Asset managers decreased short exposure to gold by -9.4% (-7k contracts) and increased longs by 1.1% (+703 contracts), whereas large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts). And that means gold remains on the ‘buy the dip’ watchlist, even if dips may be shallow.
OANDA:XAUUSD
by MrTrongVo
1
Where will gold's next peak be?The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the Federal Open Market Committee (FOMC) meeting minutes and US consumer price index data for more information on the direction of interest rates. According to gold trading platforms, the gold price has risen by $290.42 per ounce, or 14.08%, since the beginning of 2024, according to trading on the contract for difference (CFD) which tracks the benchmark market for this commodity. Gold is expected to trade at $2273.85 per ounce by the end of this quarter, according to global macroeconomic models and analyst expectations. Looking ahead, we expect it to trade at $2500 per ounce in 12 months. Amid this performance, the yield on 10-year US Treasury notes fell to 4.37% on Tuesday, after reaching 4.46% on Monday, the highest level in four and a half months. Overall, traders are preparing for the release of US inflation today to adjust their bets on the timing of a US rate cut by the Federal Reserve. Currently, the probability of a cut in June is around 57%, down from 60% earlier in the month. Last week, hawkish comments from several Fed officials, coupled with strong employment and manufacturing data, raised investor concerns that interest rates will need to stay higher for longer. Policymakers, including Fed Chairman Powell, suggest that a rate cut on federal funds this year may be appropriate, but there is no need to rush it as the Fed needs more confidence that inflation is moving sustainably back to 2%.
TVC:GOLDLong
by MrTrongVo
Gold will regress or move sideways during this timeGold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day EMA at $2,150. On the positive side, I think we're going towards $2,500 but sooner or later you have to get out because people are going to take profits and of course you need to attract more buyers into the market. Speaking of buyers, it's probably worth noting that the world's Chinese banks are net buyers of gold in general and that's a bit of a miss in the market, but they also have to be aware that the storylines have Is it beneficial for gold? Now and most certainly there are geopolitical worries. So with all that said, I'm just looking for opportunities to buy gold cheaper when prices drop. I have no interest in selling in this market.
OANDA:XAUUSD
by MrTrongVo
Nonfarm prediction April 5, 2024Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but Nonfarm is predicted to decrease compared to the previous period and Nonfarm prediction ability decreases. is extremely high when unemployment claims are at a high level and because of this, the Fed is also highly likely to reduce interest rates to attract more jobs.
OANDA:XAUUSD
by MrTrongVo
The Fed will loosen monetary policy in JunePCE inflation measures for December and January had been raised, signaling that inflation changed into worse than to start with estimated. For example, the center index alternate changed into revised to 0.5% in January, up from the formerly mentioned 0.4%. To apprehend the importance of the upward push in inflation, it's miles crucial to don't forget that the month-to-month center inflation price changed into 0.1% in October and November, and 0.2% in December.. The headline PCE index rose through 2.5% ultimate month from a yr earlier, hurriedly from 2.4% in January. The month-on-month alternate withinside the center index (which excludes meals and energy) rose through 0.3%, quicker than the tempo in October, November or December. Especially extremely good changed into the revision in figures posted through americaA Bureau of Economic Analysis. PCE inflation measures for December and January had been moved upward, signaling that inflation changed into worse than have been first estimated. For instance, the center index alternate changed into revised to 0.5% in January, up from an already improved 0.4% mentioned earlier. To apprehend the importance of the acceleration in inflation, it's miles crucial to bear in mind that the month-to-month center inflation fees had been 0.1% every in October and November, and 0.2% in December.
OANDA:XAUUSD
by MrTrongVo
1
Gold price forecast: XAU/USD trades with a slight negative biasGold prices fell nearly 2,155 USD in early trading on Monday in Asia. The FOMC will likely leave interest rates unchanged at its March meeting on Wednesday and will be in no rush to cut rates. Chinese policymakers emphasized the need to continue implementing proactive fiscal policy and strengthen the country's economic recovery. China's February retail sales and industrial production will be released on Monday. Gold prices (XAU/USD) hovered around $2,155 during early Asian trading hours on Monday. The decline in yellow grades was supported by stronger-than-expected US February inflation data, which could delay interest rate cuts by the Federal Reserve (Fed). Meanwhile, positive forums surrounding stimulus measures from the Chinese government or strong demand from China could lift gold prices. The University of Michigan revealed today Friday that its Consumer Sentiment Index was weaker than expected, falling to 76.5 in March from a level of 76.9 in the previous reading. Meanwhile, inflation expectations in 1 year and 5 years remained unchanged at 3.0% and 2.9% respectively. Finally, US Industrial Products improved by 0.1% MoM in February from a downward revision of -0.5% MoM in January.
OANDA:XAUUSDLong
by MrTrongVo
3
In the short term, gold prices continue a steady upward trend.Gold costs elevated on the primary buying and selling day withinside the US. According to reviews withinside the US, the quantity of jobs withinside the non-agricultural area elevated with the aid of using 275,000 devices in February 2024. America`s failure charge elevated to 3.9%. The marketplace obtained the remarks of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts are expecting that the Fed is prepared to reduce hobby prices and in all likelihood withinside the center of this year. The records association will appeal to the marketplace's interest due to the fact that is vital records to assess the rate of the Fed's hobby charge reduce. During the week, the marketplace will display retail income reviews and weekly enterprise help applications, in addition to US production records. Gold rate forecast SPDR Gold Trust GLD, the world's biggest gold exchange, stated its gold holdings fell to 815.thirteen lots on March 8. Alex Pickard, Vice President of Affiliate Research, stated growing gold costs created optimism that unfold to different asset classes, supplying specialists with input. In the quick term, gold costs preserve a consistent upward trend.
TVC:GOLD
by MrTrongVo
1
Gold price is potentially on the rising channelThe gold market is up about $25 from December's record high, and while Monday's rally that pushed prices above $2,100 an ounce was shocking, it wasn't completely unexpected. Many analysts have noted that gold's rally came out of nowhere and was sparked by disappointing second-rate economic data in the US. At the same time, analysts also point out that both gold and silver are ripe for a potential short squeeze as market sentiment is trending bearish. gloomy since the beginning of the year. Some analysts have likened gold's consolidation to a coiled spring with the market just waiting for a catalyst. The momentum for a record closing price came as the Commodity Futures Traders Commitments report for the week ended February 27 showed a relatively neutral position As bullish bets remain near four-month lows. At the same time, positions in the silver market remain depressed.
OANDA:XAUUSDShort
by MrTrongVo
1
Gold price reached a high at resistance 2088Gold costs spent the primary 3 days of the week ranging between $2,030 and $2,040, with a weekend breakout acting to bolster to new highs. I checked out gold costs on Wednesday, simply earlier than Core PCE become discovered, and at that time, there has been a bullish flag forming from a bearish channel in an uptrend. The fashion strengthens to $2,050 in its 5th year, which become taken into consideration resistance, however a circulate emerged on Friday while XAU/USD traded simply above $2,082. The huge query now's whether or not bulls can guard higher-decrease assist to retain the manner into or likely beyond $2,100. This places loads of consciousness on Nonfarm Payrolls for subsequent week. There become robust records from americaA that offset a few dovish stances from the Fed, and the February NFP file had a huge effect on gold because it helped result in the primary sub-2 try and input 2024 trading.
OANDA:XAUUSDShort
by MrTrongVo
Gold is still in the rising price channelGold stays above the $2030 level, supported by falling Treasury yields. The broad pullback in precious metals markets did not put any pressure on gold in today’s trading session. In case gold settles above $2040, it will head towards the resistance at $2065 – $2075. - The current situation is that GOLD is still in an increasing channel H4 and is gradually compressing higher. - Sellers' expectations are for a large daily bearish channel and bearish correction ==> Currently, the fluctuation range in OB is also high. Seller be careful The buyer has a beautiful order
OANDA:XAUUSDLong
by NicoTradingMaster
1
GOLD Buyers In Panic! SELL! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2029.5 Bias - Bearish Technical Indicators: Pivot Points (High/Low) anticipates a potential price reversal. Super trend shows a clear Bearish , giving a perfect indicators' convergence. Goal - 2013.3 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
Gold breaks the safe threshold and can increase sharplyWith gold now up for the fourth day in a row, it has allowed a nice bullish trend to develop on the 1-hour chart. The recent gains were accompanied by increased volume and tapered off as the price retraced. The price is currently trying to build support around the 10-day EMA and previous highs/double tops around $2024 and RSI (2) is oversold, so perhaps an inflection point is near. Also note that the RSI 14 is holding above the 50 level, which supports momentum for the overall trend. Bulls can look for dips targeting the $2036 ​​to $2040 area, near the weekly R1 pivot point and the monthly pivot point. A weaker US dollar and lower interest rates will be the ideal scenario for gold to extend its current upward momentum. However, I suspect the $2040 area could offer some resistance or retracement.
OANDA:XAUUSDLong
by MrTrongVo
Gold prices rise in Asian tradeAccording to Kitco, the world gold price recorded at 5:00 am today Vietnam spot time was 2,017,945 USD/ounce. Today's gold price is 4,715 USD/ounce different from yesterday's gold price. Gold prices rose in Asian trade extending a recovery to one-month lows after recently breaking below key support, despite worries of stabilizing a higher pace in the long term of America. The yellow metal briefly broke below $2,000 an ounce in early February, performing a stronger-than-expected U.S. spotting index that left traders largely bullish on the development. Hope for an early interest rate cut by the US Federal Reserve (FED). Although gold has rebounded above support, it remains largely within the $2,000-$2,050 per ounce trading range established since mid-January. The yellow metal has struggled to make progress in the face of America's difficult settlement and growing hawkish interest rates.
OANDA:XAUUSDShort
by MrTrongVo
2
Stronger growth, slower policy rate cutsStrong data leads to upgrades to growth projections for Canada and the US by 2024. Strong growth comes with discovery costs. Enjoying the easing of growth in the United States, stronger growth is leading us to push the first reduction into the third quarter of this year to reach a total cut intensity of 100 basis points. Stronger growth in Canada, strengthening wages combined with falling productivity and still-elevated fundamentals all suggest the Bank of Canada will delay cutting interest rates until the end of the third quarter. We now Expect only a 75 basis point cut this year. In both countries, growth dynamics and capacity detect that even these revised forecasts may be too optimistic about expected interest rate cuts. Further strength or delayed deflation may not result in any cuts this year. This is certainly not our expectation, but it is a bummer from our perspective.
OANDA:XAUUSDShort
by NicoTradingMaster
1
METAL Gold rose as Treasury yields fell following US GDP dataGold edged higher on Thursday as Treasury yields eased after US GDP data highlighted a softening in the pace of inflation, while focus turned to PCE data for further hints on taper strategy Federal Reserve interest rates. Benchmark 10-year Treasury yields fell after GDP data. The US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with full-year growth reaching 2.5%. “The economy is much hotter than expected, but at the same time, we have a situation where inflation is falling, so we are not should prepare for a sudden increase in interest rates." at TD Securities, said, adding that that is helping gold. Lower interest rates reduce the opportunity cost of holding bullion. According to CME FedWatch Tool, the market expects the Fed to leave interest rates unchanged at its policy meeting on January 30-31 and is expected to cut interest rates by 89% in May. Gold also received some support from a separate report showing initial claims for state unemployment benefits in the United States rose 25,000 to a seasonally adjusted 214,000 in the week ended January 20 .Economists had forecast 200,000 claims in the latest week.
OANDA:XAUUSDShort
by NicoTradingMaster
Taming inflation was still not enough to trigger a rate cut Taming inflation was still not enough to trigger a rate cut in March US five-year auction is tough, but Thursday's core PCE will be tame - what then? Potentially lower profits, but only temporary. The ECB takes center stage with Lagarde predicted to push back against an early cut. That might just mean avoiding speculation about timing altogether. What could be the bearish impetus if Lagarde disappoints the market The 10-year yield rose back above 4.15%. We still think it will reach the 4.25% region as expectations of a March rate cut continue to ease. But Thursday is the day with the biggest reason for yields to test the downside. Our view is that if core PCE comes in as expected, it faces some downside to yields, as it confirms a healthy reading (2% inflation). But it needs to be better than expected to negate our tactically fundamental bearish view. If not, then we will go higher again, even if that has to wait until next week. Regarding expectations of a first rate cut, prices have softened slightly from late last week with the likelihood of a first rate cut in April now around 70% from around 80%. In our view, that still looks high and is something that most analysts also expect the ECB to oppose in the press conference. At the same time, the market price for full easing this year has not changed much with a reduction of a little over 130 basis points.
OANDA:XAUUSD
by MrTrongVo