Get started

Gold-trading

Gold at the end of the year has an unpredictable price trajectorThe world gold price closed the trading session at a high of 2,053.2 USD/ounce, the gold futures price for delivery in February 2024 on the Comex New York floor traded at 2,064 USD/ounce. Gold has just experienced a strong increase and ended at the highest price in about 2 weeks thanks to the weakening of the US Dollar index and falling US Treasury bond interest rates. At the same time, the main reason for gold's rapid increase is that falling inflationary pressure increases expectations that the US Federal Reserve (FED) will soon cut interest rates. Markets see a more than 80% chance of a rate cut as early as March for a total cut in 2024 of 150 basis points. In addition, in the third quarter economic growth reports of major countries in the world such as the UK, Japan, and China, there is a general decline, which will motivate the yellow metal to continue its momentum. increase sharply in the near future. According to forecasters, gold prices may increase in the short term. Colin Cieszynski, strategist at SIA Wealth Management, said that gold prices are expected to continue to increase in the near future, investors should see current price movements as a positive signal.
OANDA:XAUUSD
by FalCol_TradingMaster
Gold prices closed at high prices creating momentum for 2024This morning, global spot gold prices were at $2,053.2 per ounce and gold futures were at $2,064.5, as markets were still closed after Christmas. Last week, global gold prices registered a slight increase in the last trading session, but the $2,050 per ounce level remained a key resistance level that would be difficult for the precious metal to overcome. However, prominent commodity investor Dennis Gartman said that while stressing the increased risks following the recent sell-off in gold futures prices to an all-time high of more than $2,150 an ounce, He said prices could rise in the short term. Dennis Gartman remains bullish on gold, saying the precious metal is supported by security demand amid concerns about increasing geopolitical instability. While the US Federal Reserve's monetary policy will be the biggest driver of the gold market in 2023, demand for safe-haven assets is being driven by concerns about geopolitical instability, Gartman said. It is said that there is. Inflation risks in the near future will likely cast a shadow.
FXOPEN:XAUUSDShort
by NicoTradingMaster
GOLD: The gold price I expect today, December 21This is what we said before, once a trend has formed it cannot end anytime soon. The market no longer believes in the Fed's management of expectations anymore. Next year, the Federal Open Market Committee will have new members and then moderate officials will prevail. More data and time are needed to verify the resilience of inflation and the economy before changing policy. This Friday's core PEC and Q3 GDP data are crucial. The volatility pattern of gold prices will not change before. Regarding trading, gold price yesterday fell to a low of 2021 USD, followed by upward fluctuations. The US market reached a recent high of $2047, surpassing the top of our range. Our short selling strategy failed, causing a small loss before we exited the market. Gold trading was very strong yesterday and the short-term market was completely dominated by sentiment. Don't be too stubborn and have a clear mind.
TVC:GOLDShort
by NicoTradingMaster
GOLD: I'm looking forward to the gold trend today, December 20Yesterday, gold prices rebounded to around 2033.5 after falling to support around 2015. Profits from closing short positions at 2030 USD were minimal. Currently, market expectations of the Fed cutting interest rates are fluctuating. Next, gold prices will still be under pressure from the Fed's operating expectations. The advantages will be limited and the disadvantages will also be limited because interest rate cuts are the general trend. In the short term, gold prices will mainly fluctuate so we can buy low and sell high within key ranges. Today's gold trend I expect: Yesterday gold increased and still did not reach the old peak and key and it is still below the uptrend channel line of the daily frame, today I think gold will have another Gold may test the peak of 2048 if it surpasses 2048 then it will go up to 2051 or 2053 and then it will decrease and gold will start to move sideways, you should watch to sell in the 2051 to 2053 range.
TVC:GOLDShort
by NicoTradingMaster
Gold prices are set for weekly gains thanks to Fed rate cut betsGold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold futures rose 0.1% to $2,047.60. Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. The Fed left interest rates unchanged on Wednesday and Chairman Jerome Powell said the historic tightening of monetary policy would likely end after talk of cutting borrowing costs “is under review.” ".
TVC:GOLDShort
by NicoTradingMaster
World gold price December 15, 2023World gold prices today continued to increase with spot gold increasing by 11.9 USD to 2,035.8 USD/ounce. Gold futures last traded at 2,050.9 USD/ounce, up 11.3 USD compared to yesterday morning. The Federal Reserve's signal that interest rates will fall in 2024 has created some good momentum in the gold market, and that should lead to record high prices in the new year, according to one market strategist. . In an interview with Kitco News, George Milling-Stanley, chief gold strategist at State Street Global Advisors said that although gold prices have recently peaked, there is still plenty of room in the market to push prices higher. again. “As gold finds momentum, there is no telling how high the price can go,” he said. There is a very good chance we will hit an all-time high next year.”
OANDA:XAUUSDShort
by NicoTradingMaster
GOLD Trading Opportunity! SELL! My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2034.5 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation. Target - 2010.0 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
The "Fed statement" statement caused a wave of gold sellingDollar steadies, eyes on US inflation data and Fed meeting The US dollar steadied early Monday, with US inflation data and the Federal Reserve's final policy meeting of the year likely to set the tone for this week Data released last Friday showed that US job growth accelerated in November and the unemployment rate fell to 3.7%, highlighting the resilience of the job market United States and poses a challenge to expectations that the Federal Reserve will begin cutting interest rates early next year. The data caused traders to delay expectations for when the Federal Reserve will start cutting interest rates, with many now favoring May over March.
OANDA:XAUUSD
by NicoTradingMaster
GOLD What Next? SELL! My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2072.4 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2035.0 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
Gold reached record price of 2150$Despite attempts by the Federal Reserve to dampen optimism, gold prices rose above record highs hit during the height of the pandemic on rising hopes for a U.S. interest rate cut early next year. The precious metal rose more than 3% in early trading Monday, surpassing its all-time high set on Aug. 7, 2020, but has since given up much of that gain. On Friday, Federal Reserve Chairman Jerome Powell's comments that monetary policy was "well in the restrictive zone" led to a sharp fall in the dollar and U.S. Treasury yields, boosting gold's rally since early October. This had a positive impact on the economy. A disinterested attitude affects money. Chairman Powell then sought to push back on optimism about rate cuts, saying, ``It is too early to confidently conclude that we have reached a sufficiently tight stance or to speculate about when monetary policy will be eased.'' ' he warned. The probability of a March interest rate cut is about 55%, and the May interest rate cut is fully factored in.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold prices change rapidlyOn Friday, shortly after Powell failed to address the hawks in his "fireside" chat with stocks looking to hit 2023 highs, we said that Powell would Having major problems isn't so much because if the market is actually right about what's going to happen. Easing will only ensure that inflation will return and that Powell will effectively be the former Fed Chairman's "second man" - only Burns, not Vlcker - but because the price of gold (and digital gold) Moving higher means that the Contradiction for the dollar - and fiat currencies in general - is once again underway. And with futures having opened for trading on Sunday night, something we joked about on Friday, specifically Powell - seemingly once again out of control on the hawkish narrative - could will reveal emergency interest rate hikes though Nick Timiraos on December 12, ahead of the policy meeting. December FOMC (now the Fed is in moratorium mode)...
OANDA:XAUUSD
by NicoTradingMaster
$2000 is the biggest barrier for goldAfter recovering from the 200 SMA, Gold prices have risen back to 2009 resistance, following a double peak pattern. Double tops are frequently indicated reversals. If this is the double level we are finding then the price could bounce lower and look to test support at the November 13, 1931 low. Meanwhile, if the butcher achieves a close above 2009 levels, prices could extend the bullish trend to April 2050 highs, before taking out 2082, the all-time high. into view.
OANDA:XAUUSD
by NicoTradingMaster
Gold prices change rapidly among investorsGold prices experienced a rally after the US dollar index weakened. Strengthening is still expected and a test of $2,000 will be expected soon. Translators who acquired this position when the browser tested support may maintain that position at this time. However, if the gold price does not create a higher swing point and falls to create a lower swing point, a downtrend will occur. That's right, gold prices are looking for a cooling-off period as the advisor takes more importance on the Fed's decisions and waits for other information. Previously, Gold changed its cycle of increasing and decreasing continuously because of the war and the Fed, leading to investors losing confidence in technical analysis.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold prices have not increased sharply because of investor cautiWorld gold spot price is around 1,980.6 USD/ounce, down 0.27 USD/ounce compared to last week. December gold futures price on the Comex New York floor is at 1,982.8 USD/ounce. The current gold price cannot increase strongly because of the cautious trend of investors At some point, the US Federal Reserve (Fed) and other central banks will reserve monetary policy before taking advantage of the control regime. That decision will strongly trigger the gold market. However, that is currently not possible.
OANDA:XAUUSDShort
by NicoTradingMaster
World gold price todayWorld gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at $1,963.50 an ounce, up $5.70 from the bright spot. The gentle weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other currencies. Currently, the market is waiting for a statement from the Chairman of the US Federal Reserve (Fed) to know more related to the Fed's future monetary policy presentation. Along with interest, the safe haven demand for gold from geopolitical tensions is also gradually drying up. Hard-to-find gold has steadily increased over the past week. Looking ahead, in a recent study by Capital Economics, experts said that, although geopolitical instability due to the conflict in the Middle East has created many positive variables for the gold market, the price will eventually move higher as the Fed begins cutting interest rates in 2024. Gold could end the year at $2,100 an ounce. Keiran Tompkins, an economist at Capital Economics, said that the conflict-related forum between Israel and Hamas is not expected to prevent the Fed from cutting interest rates next year. Experts explain this, oil prices are gradually increasing and decreasing. That means the Fed will have an easier time trying to come up with a 2% benchmark.
OANDA:XAUUSD
by NicoTradingMaster
Gold prices continue to declineActivTrades senior analyst Ricardo Evangelista said that investors' risk appetite also improved with Federal Reserve Chairman Powell's speech last week combined with weaker employment data. The US projections have increased expectations that the Fed will end its current interest rate hike cycle. In a recent note, Heraeus Metals experts said that for gold to sustainably break above 2,000 USD/ounce, there needs to be a clearer signal from the Fed that an interest rate cut is about to happen and that investors Investors are returning to exchange-traded funds. Domestic gold prices often move in the same direction as world gold prices, so it is likely that gold prices will decrease in the session on November 8. World gold prices continued to decline this morning with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at $1,955.70 an ounce, down $17.80 from the bright spot. The gold market has seen its third straight bearish session as consultants look for fresh signals on Bank of America's interest rate settings. Daniel Ghali, commodity strategist at TD Securities, thinks traders will start looking at economic data and potential action from the U.S. Central Bank and gold will react based on whatever comes out. Bring back data. According to this expert, gold is unlikely to grow if data does not find economic weakness. Recently, in their speech, a series of US Federal Reserve (Fed) officials maintained a balanced view on the next decisions of central banks, but noted that they will focus focus more on economic data and the performance of longer-dated bonds.
OANDA:XAUUSDLong
by NicoTradingMaster
Why Central Banks Are Betting Big on GoldGold prices had their best October in nearly half a century, despite strong resistance from rising Treasury yields and a strong US dollar. The yellow metal rose a staggering 7.3% last month, closing at $1,983 an ounce, its strongest October since 1978, when it rose 11.7%. Gold, a non-yielding asset, has historically struggled when bond yields rise. However, an exception was made this year for some significant economic and geopolitical risks, including record high national debt, rising credit card delinquencies, anxiety of an ongoing recession (despite Jerome Powell's insistence that a recession is no longer part of the Federal Reserve's plans). forecast) and two wars. The list of biggest buyers in the third quarter was dominated by emerging markets as countries continued to diversify away from the US dollar. Leading the way is China, adding 78 tons of gold, followed by Poland (more than 56 tons) and Türkiye (39 tons).
OANDA:XAUUSDLong
by NicoTradingMaster
Gold price is in the indecision zoneGold prices drop to $2,000 due to market risks from widespread war in Gaza Although a pause in rate hikes was announced at the Fed meeting, interest rates are likely to remain at their current high levels for an extended period of time. H4 gold price shows an ascending triangle pattern The U.S. dollar index fell to a two-month low of 104.94, and the benchmark 10-year Treasury yield continued its slide, falling below the key level of 4.50% and hitting a new five-week high. A reduction in the Fed's tightening policy and lower U.S. Treasury refinancing estimates turned out to be the main causes of the Fed's weakness. Looking ahead, this week will be a relatively data-poor week, but developments in the U.S. Treasury market will continue to be in the spotlight this week as a large-scale U.S. Treasury auction is expected soon. Additionally, geopolitical developments in the Middle East, the return of Fed policymakers, and Fed sentiment will continue to play a key role in gold price trends.
OANDA:XAUUSDShort
by NicoTradingMaster