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Gold confirms uptrend, entry buy todayGold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold remains below record highs hit in April and is expected to trade in a tight range ahead of this week's inflation data. The broader gold and metals market is ahead of key US inflation indicators this week. Producer price index data for April will be available on Tuesday, while more closely watched consumer price index data will be available on Wednesday. Any signs of inflation trouble are likely to further dampen expectations for a U.S. interest rate cut this year, boosting the dollar and pressuring metals prices. The greenback stabilized after recent fluctuations. Data on Friday showed US consumer confidence weakened significantly in May, but inflation forecasts remained high next year. Rising precious metals prices were also pressured by this week's inflation figures, as higher interest rates for longer increased the opportunity cost of investing in metals markets.
TVC:GOLDLong
by FalCol_TradingMaster
Will XAUUSD come back or continue to increase strongly?World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce. During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum did not last long, causing the gold price to fall by 15 USD and end the weekend session at 2,360 USD/ounce. Over the past week, precious metals increased by 2.5% thanks to US employment data supporting dovish views on monetary policy. In addition, military tensions are increasing in both the Middle East and Ukraine; At the same time, data also shows that gold demand from central banks and other needs are all on the rise. Experts assess that gold is still receiving positive support in the coming time as more and more central banks appear willing to lower interest rates, thanks to the above factors. Kitco News' latest weekly gold survey finds industry experts are bullish on the precious metal.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Will gold come back or continue to increase strongly?World gold prices tend to increase with spot gold increasing by 3.2 USD compared to last week's closing level to 3,362.9 USD/ounce. Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. Experts say that next week is an important time to decide whether gold will reach a new record or not when the market receives the April consumer price index and producer price index reports. Recently, The Fed emphasized that America's inflation war is not effective when inflation is still much higher than the target level of 2%. In addition to the consumer price index and producer price index, this week the market will wait for the US retail sales report, the number of weekly unemployment benefit applications, and the statement of Fed Chairman Powell in Amsterdam. According to Larry McDonald, founder of the Bear Traps Report, the US is in a persistent inflation war, where all asset classes will see "significant" revaluations and as Therefore, capital flows in the market will gradually shift to hard assets. “This is the time when the Fed takes action, which creates a bullish scenario for hard assets,” he said. McDonald believes that some metals have significant price increases and predicts gold prices will reach $3,000-3,500/ounce in the next 12-18 months.
TVC:GOLDLong
by FalCol_TradingMaster
GOLD main long targets using elliott waveHere’s a refined analysis of the 4-hour chart using Elliott Wave Theory: The chart exhibits an impulsive bullish movement that began at 1984. The first wave (Wave 1) culminated at 2194. This was followed by a correction to the 0.236 Fibonacci retracement level at 2147, marking the end of Wave 2. The subsequent upward trend formed Wave 3, which concluded at the 1.272 Fibonacci expansion level of 2430. After this peak, the chart underwent an A-B-C correction, with Wave 4 terminating at the 0.5 Fibonacci level of 2280—this level was determined by measuring the trough of Wave 2 and the peak of Wave 3. Currently, the chart is progressing through Wave 5, which has the potential to ascend to 2485. There is also a possibility for further elevation to 2540 and 2612, corresponding to the 1.272 and 1.618 Fibonacci extension levels, respectively. Here’s the summary in a cleaner format: Start of Bullish Move: 1984 Wave 1 Peak: 2194 Wave 2 Retracement: 2147 (0.236 Fibonacci level) Wave 3 Peak: 2430 (1.272 Fibonacci expansion) Wave 4 Trough: 2280 (0.5 Fibonacci level) Potential Wave 5 Targets: 2485, 2540, 2612 (1.272 and 1.618 Fibonacci extensions) This analysis suggests that the current trend is in a strong bullish phase, with Wave 5 having the potential to reach significant Fibonacci extension levels. Keep an eye on these targets for potential resistance points.
OANDA:XAUUSDLong
by joestar95
GOLD-analyze The geopolitical situation is still the biggest topic in the capital market this cycle. Conflicts in various regions in the Middle East are gradually increasing. Israel has launched a full-scale attack on the Gaza Strip. Neighboring countries have also begun to launch countermeasures against Israel. Large-scale conflicts are about to break out. Gold may increase in risk aversion in the future. Emotionally, everyone should be cautious about the temporary weak state. In the U.S. market, no important economic data was released today, and investors continued to pay attention to the speeches of other Federal Reserve officials. In the short term, gold still fluctuates within a range, with no continuity in its rise and fall. For temporary fluctuations, effective trading is mainly short-term, but always pay attention to breakthroughs with unilateral strength. For trading now, you need to set the SL larger. The important support today is around 2298-2303. Buying is still the main focus today. The market changes rapidly. You need to adjust your strategy in time to follow the market trend so that you can ensure a certain profit. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Gold turned up again, entry buy todayGold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when inflation falls below target. Gold prices today also have more upward momentum thanks to increased demand for safe haven capital. The cause stems from the deadlock in ceasefire negotiations between Israel and Hamas after Israel continued to attack Rafah, increasing the pressure of geopolitical risks. With the above picture, investors may expect the gold market to heat up. So they increase their purchasing power. Gold price today increased sharply by 42 USD, from 2,306 USD/ounce to 2,348 USD/ounce at 6:00 a.m. on May 10.
TVC:GOLDLong
by FalCol_TradingMaster
Short gold first, then long gold after the pullbackRecently, I have been emphasizing that gold bulls still have room to support the rise of gold. Today, under the influence of the positive initial unemployment claims data, gold rose sharply in the short term and broke through multiple important resistance areas, reaching a maximum of around 2339. According to the current structure, gold faces short-term resistance of 2338-2340, which is why gold does not break through the 2340 position in one fell swoop. Will gold still rise? Gold bulls are back in control and I think gold will continue to rise and at least try to hit the 2345-2350 area. However, before gold continues its rise, I think there may still be demand for gold to fall back in the short term. Because gold has risen sharply in the short term, the increase has been too large, and there is no solid support during the period. Therefore, in order for gold to rise better, it is necessary to step back in the short term. Therefore, there is a demand for gold to pull back in the short term, so in the short-term trading rhythm, we can first try to short gold, and after gold falls back, we can then backhand and go long gold! Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDLong
by Trading-Hawkeye
1
Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts. The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress. However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery. Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024. This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year. Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed. The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
TVC:GOLDLong
by FalCol_TradingMaster
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning. World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders. According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged. In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer. Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
💡 GOLD: Analysis May 8Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case: First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200 mark, at which point you can consider opening additional short positions; Second, if the price breaks above 2330, the price is likely to continue to correct upward, existing short positions need to be closed, then attention should be paid to the 2360 level, buyers may return to the market if resistance is reached. This is broken.
TVC:GOLDShort
by Stone_Haven
💡 GOLD: Analysis May 7After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases: Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order; Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
TVC:GOLDLong
by Stone_Haven
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time. Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position. Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
TVC:GOLDLong
by FalCol_TradingMaster
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning. World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal. In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise. Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-analyze In terms of the geopolitical situation, an Israeli military spokesman said on May 6 that about 100,000 people were being evacuated from eastern Rafah. The Israeli military statement emphasized that the Israeli military will continue to attack Hamas in the Gaza Strip until all detained personnel are released. The geopolitical situation remains extremely unstable. No major data announcements today Looking at the trend, gold broke through the high point of non-farm payrolls yesterday, reaching a maximum of around 2232. Today we are still mainly buying. From a technical point of view, the daily line closed above the Bollinger lower track, and is temporarily suppressed below the Bollinger middle track of 2340. Therefore, it is too early to say that there will be a unilateral rise for the time being. We will wait for the daily middle track to break, and then look at the unilateral With great strength, look at 2350 above, or even higher. The same is true for the H4 cycle. Although this wave of rise is strong, Bollinger has not yet opened his mouth for the H4 cycle. Therefore, under the strong trend, long transactions still have to fall back more. The effective support below is near the moving average point of 2312. Therefore, the buying point is 2308 - Near 2010, aggressive traders can buy in 2012-2015 If it falls below 2303 today, I need to re-judge the trend of gold, so you need to set SL strictly and choose the appropriate trading point based on your own funds. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSDLong
by UnknownUnicorn71050047
GOLD-analyze Hamas on Sunday reiterated its demand for an end to the war in exchange for the release of hostages, while Israeli Prime Minister Netanyahu flatly rejected the demand. The prospect of a ceasefire in Gaza seems slim, and the future geopolitical situation remains the most unstable factor affecting financial markets. This week will be the least economic data release week of the year. Including Wednesday’s 10-year bond auction, Thursday’s Bank of England monetary policy decision and the U.S. Treasury’s 30-year bond auction, as well as Friday’s preliminary University of Michigan consumer confidence data, today we need to pay attention to the U.S. global supply chain in April Stress Index, Fed Barkin and Williams speak. After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline, so we still treat it as range fluctuations. From a technical point of view, the K-line is suppressed below the 5D and 10D moving averages. Therefore, overall, it is currently weak. However, it should be noted that the support point 2280, which was concentrated last week, has not broken. The non-agricultural data is good for gold. , but it rose first and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral trend. Therefore, for this week’s market, 2276-2280 is the key point for the strength and weakness of the trend. 2320 above is the resistance point of the moving average, and it is also the highest point of the rise after the release of non-agricultural data, so today we need to pay attention to whether 2320 can break through. If it breaks above, there is still room for growth, because we still treat it as range fluctuations in the short term, so we reach the resistance point. You can choose to sell, but use smaller lots Today we are mainly buying, so I have given important support points below. You can wait for the support points to buy. Aggressive traders can buy near 2300. You need to strictly set SL. The market changes quickly, so pay attention in real time. It is very important to modify the strategy according to the market conditions What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Entry to sell Gold today, risk of big decreaseAnalysts said that although gold recorded its second consecutive week of decline after a 5-week recovery streak, in general, investor sentiment still remains optimistic about the precious metal. According to analysts' opinions, the US Federal Reserve (Fed) is clearly expressing its view that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference Recently, Fed Chairman Jerome Powell made it clear that the US Central Bank has no intention of raising interest rates. In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high. World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
TVC:GOLDShort
by FalCol_TradingMaster
There is a risk of decline, entry sell Gold todayWorld gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning. The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released report showed that the US job market is weakening, which has increased expectations that the US Federal Reserve (Fed) will interest rate cuts this year. ActivTrades senior analyst Ricardo Evangelista said that the number of jobs created last month was much less than experts forecast, combined with slowing wage growth, which will cause the Fed to consider easing. monetary policy this year. According to the FedWatch tool, after the report, the market increased the likelihood that the Fed will conduct the first interest rate cut in September to 71%. Evangelista said that investors will wait for statements from some Fed officials this week to get more clues about the monetary policy trajectory of the US Central Bank. This expert also said that tensions in the Middle East will be a factor supporting gold this week.
OANDA:XAUUSDShort
by FalCol_TradingMaster