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Gold-trading

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
The possibility of an energy crisis when OPEC simultaneously redIsraeli forces have entered Gaza City, ending a siege in areas where the main forces of the Palestinian militant group Hamas are based. However, you will face many challenges when fighting in the city. The city is overcrowded. At the close of trading on November 2, oil prices rose more than $2, ending a three-day losing streak as risk appetite returned in financial markets, supported by the Federal Reserve's decision to keep interest rates on hold. . ) and the Bank of England. Brent oil futures increased by 2.22 USD, or 2.6%, to 86.85 USD/barrel, while US WTI oil futures increased by 2.23 USD, or 2.8%, to level of 82.67 USD/barrel. According to Reuters, US policymakers struggled at a two-day policy meeting in midweek to determine whether financial conditions were tight enough to control inflation. whether an economy that continues to perform better than expected may still require additional restraint measures. And finally, after much hesitation and consideration, the Fed decided to keep the standard interest rate unchanged at 5.25% - 5.5%. Oil investors have been closely following the Fed's policy decisions and are concerned that a sharp interest rate hike could slow the economy and reduce energy demand.
TVC:USOILLong
by NicoTradingMaster
Gold cannot break through major resistanceGold tried to move above $2000 but it was almost impossible and there is now a deep decline Today's drop to $6.80 may seem insignificant, but given the fact that gold prices have managed to break above $2,000, this is actually significant. That simply isn't happening despite the escalating situation in the Middle East. Gold is likely to peak with an RSI near 70 and about 1-2 weeks later interest in “war” on Google News reaches its peak. That's exactly where we are right now. Overall, current predictions for gold prices are bearish.
OANDA:XAUUSDShort
by NicoTradingMaster
1
Gold has lost its appeal in the world's largest marketDemand for gold declined in the third quarter. China's central bank is the world's biggest buyer Global over-the-counter gold demand fell year-on-year in the third quarter of 2023, down 6% from 2022 figures, as central bank purchases fell year-on-year. In the July-September period, central bank demand reached 1,147.5 tonnes, 8% above the five-year average but still behind the US total of 1,219.2 tonnes. Q3 2022. In its quarterly trends report, the WGC said central banks' net purchases of 337 tonnes were the third strongest quarter in the data series, although it fell short of the 459 tonnes recorded in Q3 2022. said. The central bank's demand so far this year has been 800 tonnes, up 14% from the same period last year. The People's Bank of China (PBoC) increased its gold reserves by 78 tonnes in the quarter, regaining the position of the world's largest buyer. Year-to-date gold holdings amounted to 2,192 tonnes, representing 4% of total reserves. WGC said so. The National Bank of Poland (NBP) continued its gold purchases in the third quarter, increasing its total purchases of 48 tonnes in the second quarter by 57 tonnes. Turkey followed with a purchase of 39 tonnes in the second quarter, restoring its gold reserves to 668 tonnes. And the third quarter. Investment in gold bars and coins fell 14% year-on-year to 296 tonnes, but was still above the five-year average of 267 tonnes.
OANDA:XAUUSDShort
by NicoTradingMaster
1
The Fed continues to make hawkish arguments at the FOMC meetingThe industry's strong performance in the first half of this year was due to investments from the Middle East, Turkey and China, the report added. Gold ETFs lost 139 tonnes in the third quarter, but the outflow was smaller than -244 tonnes in Q3 2022. Investment demand in the third quarter was 157 tonnes, up 56% year-on-year, but still weak compared to the five-year average of 315 tonnes. Demand for jewelery decreased slightly due to higher gold prices, falling by 2% to 516 tonnes over the same period as gold prices continued to soar. “Gold demand has remained stable throughout the year and remains strong despite the headwinds of high interest rates and a strong US dollar. Our report shows that gold demand is very high this quarter compared to the past five-year average. Louise Street, senior market analyst at Gold Council, said: ``Given rising geopolitical tensions and expectations that large-scale central bank buying will continue, gold demand could pick up unexpectedly going forward.'' There is a gender,” he said. World said in a statement. This central bank buying spree is expected to continue for the rest of this year, with the annual total expected to increase significantly in 2023, according to the WGC. Besides, the Fed is offering to maintain interest rates more to make it easier to control the economic crisis
TVC:GOLDShort
by NicoTradingMaster
Gold is awakening to headwindsUS Dollar, Swiss Franc, US Treasury and Gold; When you think of a safe haven as a store of value during times of economic and market turmoil, these are the names that immediately come to mind. However, amid current geopolitical tensions, gold has emerged as the only name to claim its reputation, coming at a time when the US dollar and Treasuries are looking anything but. that's for sure. While it is not to say that these instruments have lost their safe haven status, when it comes to what traders and advisors can trust if they see the macroeconomic backdrop continue to deteriorate, Gold still increases in price when other instruments do not. Perhaps the most impressive thing about gold's recent performance is that it comes despite soaring nominal and real bond gains, which have traditionally hindered gold's popularity due to its lack of interest and often There are costs that exist if we are talking about physical gold. The chart below shows the symbol for gold (red line) for actual US 10-year gift certificate change adjusted to the tee. The scale was later inverted to find how the relationship found between the schools was broken down. You can see that over the past two decades, when real interest rates fall, gold tends to go higher and vice versa.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold is fluctuating because of the FOMCGold traded near $2,000 an ounce on Friday after crossing the threshold for the first time since May as Israel's ground offensive on Gaza appears to be more cautious than initially announced. Gold bullion fell after rising 1.1% on Friday as Israel ramped up ground operations. Israel has been sending troops and tanks to the northern Gaza Strip in the so-called second phase and long war of the war with Hamas, which continues day by day. This allayed fears that a large-scale invasion would lead to regional escalation. Stephen Innes, managing partner at SPI Asset Management, said: ``Oil and gold prices are down significantly in early trading on Monday, but there is a lot wrong with this, which suggests this problem could be long-term. I want you to remember that." "That's why the price of gold can't fall significantly." The precious metal was one of the biggest gains since Hamas' attack on Israel on October 7, rising more than 9% on increased demand for safe-haven assets. Like the Swiss franc and short-term U.S. Treasuries, the Swiss franc should continue to benefit as tensions rise. The dispute has changed the path of interest rates in the US, with US Treasury yields becoming the main driver of gold prices. However, this week will focus on how interest rate decisions by major central banks, including the Federal Reserve, affect borrowing costs.
TVC:GOLDShort
by NicoTradingMaster
GOLD 4H maintains its positive stabilityHello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010. In general, we will continue to favor the upward trend for today unless the 1983 level is broken and holds a daily close below it. Pivot Price: 1983 Resistance Price: 1996 & 2010 & 2022 Support price: 1964 & 1947 & 1933 The general trend expected for today is bullish timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
Gold is resisting fiercely because of the war and the FedGlobal gold prices rose slightly this morning, with spot gold prices up $4.3 to $1,983.9 per ounce. Gold futures traded at 1,997.4 dollars per ounce, up 2.5 dollars from the previous morning. Global gold prices rose slightly this morning compared to yesterday morning, but remained well below the day's highs as a newly released report showed the strength of the US economy. Specifically, the report showed that U.S. GDP rose 4.9% year over year in the third quarter, beating economists' expectations of 4.7% and belied by the 2.1% increase in the first quarter. ing. 2. This data supports the possibility that the Federal Reserve will raise interest rates further in future policy meetings. Edward Moya, senior market analyst at OANDA, said the numbers "paint a picture of a very strong U.S. economy," and the Fed could need to raise rates further, which could hurt gold. He said that he is increasing his view that there is a possibility that the Although economic indicators were better than expected, Moya was surprised by the yellow metal's strength. "I'm surprised we haven't seen a bigger decline in gold prices. I think people understand that geopolitical risks aren't going away anytime soon," he said. Gold has risen 9% over the past two weeks as investors sought refuge from the potential fallout from the conflict between Israel and Hamas. However, the continued outlook for rising interest rates has capped the upside for non-interest bearing precious metals.
OANDA:XAUUSDShort
by NicoTradingMaster
Short Opportunity: Riding the Dollar Bullish Momentum in EUR/USDHi Realistic Traders. Here's my price action analysis on EURUSD! EURUSD has recently dipped below the EMA200 line , thereby confirming its bearish trend. The most probable scenario at this point is a continuation of this bearish trend. Upon closer examination of the chart, it becomes evident that EURUSD has formed a bearish pattern recognized as the Ascending Broadening Wedge Pattern, complete with a breakout. Breakouts in such instances typically foreshadow a continuation of the downward trajectory. Additionally, the momentum indicator is currently indicating a downward momentum, as it approaches the negative zone, signaling the potential for further downward movement toward the designated target area. it is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:EURUSD ."
Short
by financialfreedomgoals101
Gold prices are currently trading around $1,975, retreating fromGold prices are currently trading around $1,975, retreating from near $2,000. Federal Reserve Chairman Jerome Powell and other Fed officials have indicated that interest rates will remain stable at the November meeting. Geopolitical tensions continue to weigh on markets, leading to an outflow of safe-haven assets like gold. Market participants will focus on US PMI, growth, and core personal consumption expenditures (PCE). There are clear signs that interest rates will remain stable at the FOMC's November meeting as it enters its dormant phase. Atlanta Fed President Rafael Bostic said Friday that he does not expect the Fed to cut interest rates until the middle of next year. Philadelphia Fed President Patrick Harker reiterated his intention to keep interest rates unchanged. Meanwhile, Cleveland Fed President Loretta Mester said the U.S. central bank is "at or near the peak of its rate hike cycle."
OANDA:XAUUSD
by NicoTradingMaster
GOLD 4H price achieves the extended targetHello everyone, The price of gold rose strongly yesterday to succeed in achieving our expected target of 1985. We notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the levels of 1991 and then 2009 as stations—next main. Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1977.25 will stop the expected rise and put pressure on the price to turn lower. Pivot Price: 1977 Resistance Price: 1991 & 2009 & 2024 Support price: 1957 & 1943 & 1929 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
Gold prices increased sharply as the fighting became increasinglWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time). Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit. De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce. Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gold.
OANDA:XAUUSDShort
by NicoTradingMaster
GOLD Under Pressure! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 1923.9 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1914.3 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
4