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Gold continues to go down, entry sell todayWorld gold prices decreased slightly with spot gold down 12.1 USD to 2,161.4 USD/ounce. Gold futures last traded at 2,166.5 USD/ounce, down 14.3 USD compared to yesterday morning. World yellow metal prices reversed and decreased slightly in the trading session on March 14 (US time) when the market received more inflation data that was not as expected. The latest report showed that inflation in the US increased slightly higher than expected, helping the US Dollar Index recover and US Treasury bond yields increase. Accordingly, the producer price index (PPI) increased by 0.6% in February, double the forecast increase of 0.3% over the previous month and the increase of 0.3% in the January report. Previous Meanwhile, in the middle of this week, another report showed that the consumer price index (CPI) increased by 3.2% over the same period last year, higher than experts' forecast of an increase of 3.1%. The core CPI in February increased by 3.8% compared to the expected increase of 3.7%. CPI and PPI data both increased stronger than forecast, fading the prospect that the US Federal Reserve (Fed) will soon cut interest rates. Technically, April gold futures speculators have a solid overall near-term technical advantage. A four-week steep uptrend is underway on the daily bar chart. The bulls' next upside price objective is to produce a close above solid resistance at $2,203 an ounce. Bears' next near-term price objective is to push futures prices below solid technical support at $2,100 an ounce.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD to see a stem dip?XAUUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The primary trend remains bullish. We look to buy dips. Previous support located at 2150.56. We look to Buy at 2153.50 (stop at 2141.50) Our profit targets will be 2183.50 and 2189.50 Resistance: 2176.05 / 2197.45 / 2228.20 Support: 2135.00 / 2102.75 / 2077.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
Gold plummeted without stopping, selling trendWorld gold prices turned to inch up slightly with spot gold increasing by 15 USD to 2,173.5 USD/ounce. Gold futures last traded at 2,179.5 USD/ounce, up 13.4 USD compared to yesterday morning. World yellow metal prices rebounded on Wednesday, supported by a weakening USD as investors remained hopeful the US Federal Reserve (Fed) would cut interest rates in June despite inflation. Inflation in the US increased. Meanwhile, escalating geopolitical tensions cause safe-haven demand for gold bars to remain. After the recent recovery, experts are optimistic about the yellow metal. On Tuesday, bullion retreated from a record high notched last week, posting its worst one-day decline since February 13 after a new report showed US consumer prices increased sharply in February, showing that inflation is still persistent. Higher inflation data makes it difficult for the Fed to ease monetary policy and this will put pressure on non-interest-bearing assets such as gold. Despite hotter-than-expected inflation data, traders continue to bet the Fed will cut interest rates in June. According to the CME FedWatch tool, the market is currently pricing in a roughly 65% chance The Fed will loosen monetary policy.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-CPI changes upward trend U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June. The market is now focused on the Federal Reserve interest rate decision on March 19. However, in this interest rate decision, the Fed is unlikely to cut interest rates. There is a high probability that the current interest rates will remain unchanged. Yesterday, CPI changed the upward trend of gold. It can be seen that 2195 is the top of this cycle. Under the downward trend, gold can wait for the resistance point to sell. The support of the 10-day moving average of the daily cycle is now 2135. On Wednesday, we need to observe Tuesday's low of 2150 and the strength of the support of 2135. In the H4 cycle, you need to wait for it to fall below 2150, pull the Bollinger Band open, and make it open, in order to confirm that gold has begun a downward trend. If you don’t know how to trade, join me, learn with me, and improve the success rate of trading profits
FX:XAUUSDShort
by UnknownUnicorn66789012
GOLD-Analysis and Strategy U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department will release its CPI report on Tuesday (March 12). The price index is expected to rise 3.7% from the same period last year, which would be the smallest annual increase since April 2021. Although the annual figure is well below the peak of 6.6% reached in 2022, the recent pace of progress has been modest. This is consistent with testimony before Congress last week from Fed Chairman Jerome Powell, who said that while a rate cut may be appropriate "sometime this year," he is not ready yet. The unseasonally adjusted CPI annual rate announced today is expected to remain unchanged at 3.1%, which may be negative for gold. Gold has risen for 9 days in a row. Yesterday was the only time it did not break through the high point and has maintained a narrow range. Therefore, gold is choosing a direction. Today we need to see whether the US CPI data will change the direction in which gold has been rising. The support point of the daily unilateral moving average is 2170, and then the focus is on the low of 2156 during the non-agricultural data. Only if it falls below this position can we continue to see the downside. My suggestion is to wait for the CPI to be released, follow the trend, or observe whether it will break through the resistance range of 2190-2195. If you don’t know how to trade, join me and improve your trading success rate
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-Advice and Strategies Focus on data this week On Monday, the New York Fed’s 1-year inflation forecast for February On Tuesday, the U.S. February NFIB small business confidence index, CPI data, and OPEC released its monthly crude oil market report On Wednesday, U.S. EIA crude oil inventories for the week, IEA released monthly crude oil market report Thursday, US February retail sales monthly rate, US February PPI data On Friday, the U.S. New York Fed manufacturing index in March, import price index monthly rate, industrial output monthly rate, one-year inflation rate expectations U.S. job growth accelerated in February, but the unemployment rate rose and wage growth slowed. Non-agricultural employment increased by 275,000 in February, and the unemployment rate rose to 3.9% in February after remaining at 3.7% for three consecutive months. This is generally negative for the US dollar and bullish for gold, causing the US dollar to continue to fall, and gold to rise again to a new high. point. Gold's surge is due to three factors: geopolitical conflicts, the Federal Reserve's interest rate decision, and the increase in gold holdings by central banks. From the technical indicators of gold, we can see that the RSI is overbought from the weekly level to the hourly level, and the rising momentum of 1H and 4H MACD is attenuated. It can currently be seen that the important support range for gold is strongly supported at 2155-2165. I suggest that you can sell in the resistance range, or buy in the support range, reasonably control the position according to your own funds, and set SL. There is no important data released today, or you can wait for the trend to be obvious before trading with the trend. Join me, I will share my strategies every day for your reference to increase your trading success rate
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-Advice and Strategies The U.S. initial jobless claims data performed poorly. The number of jobless claims was slightly higher than expected and the previous value, once again casting a shadow on the recent weak U.S. economy. The U.S. dollar index has weakened and set a recent low. Federal Reserve Chairman Powell has been The views of the testimony were also moderate, which also led to the market beginning to place more bets on interest rate cuts. Today, we will focus on the actual performance of the non-agricultural data in the evening. Gold has risen for 7 consecutive days. This trend is also rare in history. Judging from the current indicators, overbought signals have been formed at the 1-hour and 4-hour levels. The upward momentum has diminished, and there may be another high point. But the risk of buying now is already high First focus on the strong support point 2140, and then look at the trend support point 2122. In other words, if gold remains above 2140, it is an absolutely strong upward trend, and if it remains above 2122, it is also an upward trend. Today’s non-agricultural data should also pay attention to the support of these two points. If it falls below 2122, there may be a lot of room for adjustment. However, the current rising market environment has not changed, so medium and long-term sell orders cannot be traded. According to the data released today, unemployment benefits remain unchanged at the previous 3.7%. After seasonally adjusted non-agricultural employment, the previous value was 35.30,000. The market forecast is 200,000. It is expected to be negative for the US dollar and bullish for gold. The specifics will depend on the actual released data. My advice is to wait for the data to be released and trade with the trend, or wait for a clear sell signal before placing a sell order.
FX:XAUUSD
by UnknownUnicorn66789012
Non-Farm trading strategy, decrease then increase againWorld gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning. World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing further reinforced expectations. Expectations of loosening monetary policy this year. At the hearing, Mr. Powell said it is possible that interest rates could be cut this year if the economy is not as expected and there is more evidence that inflation is falling sustainably. The Fed Chairman also emphasized that it will not be long before we see inflation moving towards the target level of 2%. According to CME's Fedwatch tool, traders are pricing in a 72% chance of a rate cut in June, compared with about 63% on February 29.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-Where is the top? n testimony before Congress on Wednesday, Powell said he expected the Federal Reserve to cut interest rates and that a U.S. recession was unlikely, but he stopped short of committing to any timetable for easing policy because he was unsure of further progress in lowering inflation. Data showed that U.S. private employment growth was slightly lower than expected in February, with ADP employment increasing by 140,000 in February. The U.S. Department of Labor's Job Vacancy and Labor Turnover Survey (JOLTS) showed that job vacancies dropped slightly in January, while the number of job openings decreased, and labor market tensions continued to gradually ease. This week the market is waiting for the February non-farm payrolls report to be released on Friday. According to surveys, the U.S. Department of Labor is expected to announce on Friday that non-farm payrolls increased by 200,000 in February. Gold has been rising since last Friday. Why didn't I buy it? First, I am in awe of the market. Second, from a technical point of view, gold has always faced the need for adjustment, so now I can only wait patiently. The ADP data released this time, The content of Federal Reserve Chairman Powell’s speech reflects a dovish signal, which has a certain positive stimulating effect on gold. Today we will continue to observe whether the unilateral moving average support is broken. The support is at 2135. As long as it does not fall below, you can still wait for the support to buy. Now it seems that only buying can make a profit, but if gold starts to adjust, there will definitely be a lot of room for decline, so Trading gold is still only possible with small positions. Join me as I share my strategies and perspectives every day
FX:XAUUSD
by UnknownUnicorn66789012
Gold continuously reached the highest peak in historyWorld gold prices continued to increase with spot gold increasing by 18.2 USD to 2,145.4 USD/ounce. Gold futures last traded at 2,153.7 USD/ounce, up 12.7 USD compared to yesterday morning. World yellow metal prices continued their upward momentum to record levels on March 6 (US time) as the market increasingly bet that the US Federal Reserve (Fed) will loosen monetary policy after Fed Chairman Jerome Powell's speech at the hearing. Currently, investors are waiting for the employment report from the US Department of Labor. According to data released by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab, private payrolls increased by 140,000 last month after increasing by 111,000 in January. The report shows that the market US employment is still growing steadily. In addition to interest rate expectations, experts say that precious metals are also supported by the demand of central banks. According to senior analyst Krishan Gopaul of the World Gold Council, last year's gold buying momentum is continuing to extend into this year. This expert predicts that 2024 could be another boom year for the yellow metal after witnessing a sharp increase in additional gold demand in January from countries that regularly buy gold such as China and Turkey. Ky, India…
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd confirm buy signal Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentum. Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which leads to wider ticks on the upside and heavy volume. Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold now buy 2140 Target 2145 Target 2150 Target 2160 SL 2126
OANDA:XAUUSDShort
by JohnHarry_7
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