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Goldforecast

GOLD (XAUUSD): Technical Outlook Ahead of NFP 🥇 Traders, remember that we are expecting the NFP release today. Here is my technical outlook for Gold ahead of the news. Analyzing a daily time frame, we can spot that the market is under a strong bearish pressure. The market is very close to a key daily support 1803 - 1811. Checking a 4H time frame, I see a slowing bearish momentum and a consolidation. The price started to respect 1827 - 1833 intraday resistance. For now, I would suggest to wait for a test of a daily support and look for a confirmation to catch a pullback from there. Alternatively, a bullish breakout of the underlined red resistance will confirm the initiation of a correctional movement. Lastly, in case of very bearish news, I will post the updated analysis on a weekend. For now, I strictly recommend not to trade the market and wait for the fundamentals first. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
6
XAUUSD possible buy and sell zone!XAUUSD is in long term downtrend. Pirce already has broken the monthly support and currently going up for deeper pullback. As of today's range, we could find both buy and sell opportunity from nearest liquidity zone. if the price break previously daily high, we can look to sell as there is still probabilily to drop to daily support level again. On the otherhand, as there is strong structure created on the daily support, lowertimeframe rejection on the neckline of the structure can give us opportunity to buy for short term.
TVC:GOLDShort
by ForexWizard01
XAU/USD pullback on the cards, eyes on 1910Hello traders, due to US dollar strength especially after the FOMC last week, Gold and other USD pairs have declined strongly. However, the USD bull run might have hit a roadblock. This gives us an opportunity to look for a pullback in XAU/USD. 📌 My focus is on the rectangular area that I have highlighted in my chart. 📌 The level 1860 could trigger the pullback as this level seems to have some institutional orders. 📌 My potential buy entry would be between 1861-1865 with SL below 1850 and TP at 1910
OANDA:XAUUSD
by MarcellusLUX
5
GOLD Prices Shine as Investors Anticipate Fed's Hold on InterestGold Prices Shine as Investors Anticipate Fed's Hold on Interest Rates The price of gold (XAU/USD) has been on a winning streak, extending gains for three consecutive days as investors eagerly await the Federal Reserve's (Fed) decision on interest rates, set to be announced on Wednesday. This surge in gold's appeal is attributed to expectations that the Fed will maintain the status quo due to falling inflation and a promising economic outlook. In this article, we explore the factors behind gold's recent rally and the potential implications of the Fed's interest rate decision. Fed Expected to Hold Steady Market sentiment is heavily influenced by the anticipation that the Fed will keep interest rates unchanged. This expectation is rooted in two key factors: decreasing inflation and a positive economic outlook. The Fed's decision to keep rates stable would be a response to these circumstances, aimed at supporting the economic recovery and ensuring stability. Concerns Linger While the Fed's decision to maintain the current interest rate may seem like a boon to the economy, concerns about a potential economic slowdown persist. Some investors worry about the concept of "higher interest rates for longer," fearing it could hinder economic growth. This concern stems from the belief that prolonged periods of low-interest rates can lead to bubbles in asset markets and distortions in the allocation of capital. Inflation's Influence One of the primary factors influencing the Fed's decision-making process is inflation. Rising energy prices have the potential to contribute to inflationary pressures, which, in turn, could impact households' real incomes. While the Fed aims to strike a balance between keeping inflation in check and supporting economic growth, the recent surge in energy prices adds an element of uncertainty to the equation. Gold's Appeal Amid Uncertainty Gold has historically been considered a safe-haven asset in times of economic uncertainty. As expectations of a Fed decision to hold interest rates steady rise, investors may turn to gold as a hedge against potential risks in the financial markets. The "golden path" for the U.S. economy, as envisioned by some investors, hinges on the Fed's ability to navigate the delicate balance between monetary policy and economic growth. Conclusion The price of gold has continued its upward trajectory as investors closely monitor the Federal Reserve's impending interest rate decision. The expectation of a steady interest rate policy, driven by falling inflation and optimism about the economic outlook, has boosted gold's appeal. However, lingering concerns about economic growth in the face of prolonged low-interest rates and the potential impact of rising energy prices underscore the delicate balancing act facing the Fed. As investors await the Fed's announcement, gold remains a symbol of stability in an uncertain financial landscape. Our preference Long positions above 1924.00 with targets at 1940.00 & 1945.00 in extension.
OANDA:XAUUSDLong
by FOREXN1
13