XAU BULLISH breakdownUsing chart patterns in analysis, its a clear bullish movementt/rally up till the 2040's and could create an uptrust after distribution clearing to the 2052-2055 range before a retracement is expected and then we hedge bullish again with the market.
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Goldbuy
GOLD WILL GO BUY CONFIRM Gold prices are being held back by the strong U.S. dollar, while weak physical demand for silver could be offset by the return of investment demand, according to the latest precious metals report from analysts at Heraeus.
The analysts pointed out that USD strength was the major factor in keeping precious metal prices down last week.
GOLD H1 / FVG TAKEN / GOOD OPPORTUNITY FOR A LONG TRADE ✅💲Hello traders!
This is my idea related to Gold H1. I see a very nice retracement from the resistance level. Also, the FVG on M15 was taken, and I expect a bullish move until the price of 2048, were we have a valid FVG.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Gold finally picking up?As Gold has been falling for the past few weeks. We could see momentum pick up in the direction of gold gaining in value. Since the BTC ETF's have been approved we saw a bit of a stabilized movement with the pair. With this sentiment & analysis we saw the safe haven.. gold drop..from the looks of what it happening currently it could technically still be on a downtrend but i'd like to do a bit of counter trend trading today since the volume looks to be accommodating to the upside since London session.
*** KEY ANALYSIS ***
- I'm looking for breaks to the upside of gold of 2032.87. i need the 30mm candle to close above this point before i can have a confirmation of execution. stops under my zone at 2029.26
XAUUSD GOING TOWARDS BUY (READ DESCRIPTION)Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has casted doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favouring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation returning towards the 2% target in a timely and sustainable manner.
GOLD H1 / SHORT TRADE ACTIVATED / STRATEGY CONFIRMED ✅Hello Traders!
In the previous analysis, I expected a retracement from the resistance level and I was looking for a short-trade from the OB.
Now we can see a very clear retracement. A good opportunity to execute short trades for scalpers or on small time frames.
Congrats to those who executed the trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GOLD-Will it break through 2062 today?
The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the period, and its reliability helps offset the risk of greater asset volatility in conditions such as geopolitical uncertainty. A series of data were released last week, digesting the impact of a series of U.S. interest rate cuts. Short-term U.S. Treasury yields have been falling in the past few months, which has also provided some support to gold. Therefore, gold's safe-haven function is very strong in this cycle.
Today I think there is a high chance that gold will continue to rise
Yesterday, the range of gold was 2048-2058, which is in line with my analysis yesterday. Today we still have to pay attention to whether 2062 will break through.
Xauusd:buy2042-2045
TP:2050-2055-2058
Friends with more funds choose to buy now at 2048
If 2062 is exceeded today, I still think gold may rise to around 2075-2079
I hope my analysis can help everyone, join me, I will continue to analyze
GOLD GOING TOWARDS BUY CONFIRMGold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly high above $2,060. The precious metal drops as investors reconsider the timeframe in which the Federal Reserve (Fed) may reduce interest rates. This comes after the release of the sticky Consumer Price Index (CPI) report for December, as well as hawkish comments from European Central Bank (ECB) officials recalibrating broader market expectations.
Gold Buy now Gold price is an inch far from recapturing a weekly high of $2,063 amid persistent bets that the Fed will cut interest rates in March. The precious metal delivered a sharp recovery after discovering strong buying interest while re-testing the crucial support around $2,040. The 14-period Relative Strength Index (RSI) has shifted into the upper range of 60.00-80.00, which indicates that a bullish momentum is active.
Gold Buy now 2042
Confirm Target 2070
GOLD-analyze
There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last week’s PPI data was lower than expected, supporting the Federal Reserve’s dovish policy. However, Thursday’s consumer inflation data was higher than expected. Therefore, U.S. consumer price inflation in December was still high, making it more certain to cut interest rates ahead of schedule. possibility, pay attention to the conditions for effective interest rate cuts in March. The market will focus on Wednesday, U.S. retail sales on Wednesday, weekly jobless claims, U.S. housing starts, Philadelphia Fed survey on Thursday, preliminary University of Michigan consumer confidence data on Friday, existing home sales, among which the Federal Reserve will be released at midnight on Thursday The Beige Book of Economic Conditions was released, the European Central Bank released the minutes of its December monetary policy meeting, and Draghi's speech.
The highest point of gold last week was 2062, and then fell to 2041-2042. It can be judged that 2041-2042 has strong support, and the current range is 2041/2042-2062
If it breaks through 2062, we can see that gold may rise again to around 2079
Today is Martin Day in the United States. The U.S. market is closed early. The possibility of breaking through 2062 today is not very high. Therefore, we still focus on buying.
Strategy 1:
Xauusd:buy2045-2048
TP:2053-2055
Strategy 2:
Xauusd:buy2041-2045
TP:2050-2053-2055
You can choose the appropriate trading strategy based on your funds
I will continue to observe and analyze, join me
GOLD WILL GO BUY CONFIRM PREDICTION Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but Chinese growth figures and geopolitical headlines could influence the precious metal’s valuation.
Read full analysis
GOLD CONFIRM ANALYSIS (WEEKLY)The gold market was moribund for the first half of the week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into the holiday weekend.
XAUUSD GOING TOWARDS BUY (READ DESCRIPTION)Gold prices and the Nasdaq 100 could be at risk of a larger downward correction following the latest set of consumer price and unemployment claims figures released on Thursday. This means that new all-time highs for the precious metal and the technology index may have to wait a bit longer.
Gold Buy Target For TodayGold price struggles to stabilize above the immediate support of $1,930.00 amid an absence of supportive economic indicators. The precious metal shifts into bearish territory after a breakdown of the Head and Shoulders chart pattern formed on a lower time frame. Bear cross, represented by the 20 and 50-day Exponential Moving Averages (EMAs) at $1,950.00, indicates more weakness ahead. The yellow metal is seen declining toward the 200-day EMA, which is hovering around $1,907.00.
Gold: $2,025 - After US Inflation, What's Next?Gold: $2,025 - After US Inflation, What's Next?
Gold's short term prospects might be dependent on upcoming US inflation data for December. XAU/USD currently trades at $2,025, stepping back from an intraday high of $2,042.
On Thursday, the US will release the Consumer Price Index for December. The market is expecting a 0.3% monthly increase in Core CPI, excluding volatile food and energy prices, in line with November. If the monthly core CPI exceeds 0.5%, it could push up US yields and weigh on XAU/USD. Alternatively, a softer-than-expected CPI reading may keep expectations for a Federal Reserve policy shift alive and perhaps help keep gold above $2,020.
Technically, the 4-hour chart suggests a downside risk for gold, trading below its 20 Simple Moving Average at around $2,036. Conversely, the initial resistance for XAU/USD stands at $2050, where the 50- and 100-day SMAs are converging. The daily high on January 5 at $2063.98 might be the next level to keep an eye on to the upside.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics XAUUSD 100% CONFIRM ANALYSIS Check out my last trades
GOLD CONFIRM ANALYSIS FOR NFP Gold price continues with its struggle to gain any meaningful traction on Friday and remains confined in a narrow trading band below the $2,050 level in the early European session. Traders also seem reluctant to place aggressive bets ahead of the US monthly jobs report.
GOLD WILL FLY 🕊️ 💸 TILL 2065Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar (USD). The US bond yields, however, started losing traction after minutes of the December 12-13 FOMC meeting reflected a consensus among policymakers that inflation is under control and concerns about the downside risks to the economy associated with an overly restrictive stance. This, along with a softer risk tone, allowed the precious metal to attract some buyers near the $2,030 area and gains some follow-through traction on Thursday.
GOLD BUY Weak Economic Data UpcomingDear Traders,
Gold tends to react to weak economic data and potential shifts in interest rates for several reasons:
Hedge Against Economic Uncertainty: Gold is often considered a safe-haven asset. When economic data indicates weakness, such as low GDP growth, rising unemployment, or sluggish consumer spending, it can signal economic instability. Investors turn to gold as a store of value during uncertain times, which increases demand and consequently its price.
Inverse Relationship with Interest Rates: Gold doesn't yield interest or dividends like bonds or stocks. Therefore, when interest rates are high, the opportunity cost of holding gold, a non-interest-bearing asset, is greater. Conversely, when interest rates decrease or are expected to decrease, the opportunity cost of holding gold diminishes, making it relatively more attractive. Hence, the anticipation of a pivot towards lower interest rates can drive up demand for gold.
Currency Depreciation Hedge: Gold is priced in US dollars globally. When interest rates are cut, the relative value of the currency can decline. Lower interest rates can lead to inflationary pressures or a weaker currency, making gold more appealing as a hedge against potential currency depreciation.
Market Speculation and Sentiment: Markets often react based on expectations and speculation. If there's a strong anticipation of interest rate cuts due to weak economic data, investors might proactively position themselves in gold as a precautionary measure, anticipating its value to increase, thereby driving up demand and price.
Central Bank Actions: Central banks often use interest rate adjustments to manage inflation, stimulate economic growth, or mitigate economic downturns. Gold tends to respond positively to central bank decisions that signal economic concerns or policies intended to support economic recovery, which can fuel increased demand.
Therefore, in anticipation of weak economic data and an impending pivot towards lower interest rates, investors might seek refuge in gold as a hedge against economic uncertainty, potential currency devaluation, and as an alternative store of value, all of which can drive up demand and subsequently increase the price of gold.
Greetings,
ZTrades
XAUUSD BUY LIKE WE SAIDDear Traders,
let's break this down:
Impending Weak US Data: If there's an expectation of weak economic data in the US, such as low job growth, poor GDP figures, or other economic indicators showing a slowdown, it could signal an economic downturn. In such scenarios, investors tend to move towards safe-haven assets like gold. This shift occurs because gold is seen as a store of value during times of uncertainty or economic instability. When investors lose confidence in other assets like stocks or currencies, they often turn to gold as a more stable option.
Expected Rate Cut of the Dollar: A potential rate cut by the Federal Reserve weakens the US dollar. When interest rates decrease, the currency tends to devalue against other currencies. A weaker dollar makes it cheaper for holders of other currencies to purchase dollar-denominated assets like gold. This increased purchasing power can drive up demand for gold, subsequently increasing its price.
Gold as a Hedge: Gold is considered a hedge against inflation and currency devaluation. When investors anticipate a weakening dollar due to rate cuts or other monetary policy actions, they often seek to protect their wealth by investing in gold. This demand for gold increases its price.
Market Sentiment and Perception: Expectations and sentiments in the market heavily influence the price of gold. If investors perceive weak US economic data and a potential rate cut as detrimental to the dollar's strength, they might view gold as a safe-haven asset. This sentiment-driven demand can further drive up the price of gold.
In summary, the combination of weak US economic data and the anticipation of a dollar rate cut can weaken confidence in the dollar and other traditional assets, prompting investors to seek safer alternatives like gold. This increased demand for gold, driven by its perceived stability and value during uncertain times, tends to push its price higher.
Greetings,
ZTRADES