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Strategy to sell today, predict a decrease then increase againWorld gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak economic reports. TD Securities commodity strategist Bart Melek said that the main factor pushing gold higher this week is the expectation of the first interest rate cut. The market is increasingly confident that the Fed will soon make a easing decision. This expert predicts that, with such confidence, the world gold price could be pushed to 2,300 USD/ounce in the second quarter of this year. Besides, safe haven demand due to concerns related to the conflict in the Middle East also strongly supported the yellow metal. Gold, often used as a safe store of value during times of political and financial instability, has increased by more than $300 since the start of the Israel-Hamas conflict. This expert added that it would not be surprising if gold prices increased when the Fed discussed loosening monetary policy. However, this precious metal will surge even further when the first interest rate cuts are carried out. Currently, the market is eagerly waiting to see what Fed Chairman Jerome Powell will say at his testimony before Congress this week to know more about the US interest rate roadmap. In addition, the February employment report scheduled to be released on Friday is also information that attracts investors' attention because this data can change market sentiment and push gold to a closer range. This. According to the CME FedWatch tool, traders now see a 70% chance that the Fed will begin cutting interest rates in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD MORE BULLISH AFTER THIS NFP !!HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical analysis we do trade with proper R:R its just an trade idea share your thoughts with us and Stay Tuned! for more updates
TVC:GOLDLong
by APEX_TRADING_ACADMEY
3
GOLD-wait Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay attention to Federal Reserve Chairman Powell's testimony to Congress for two consecutive days this week. Based on the actual content, he will look at the determination of the current U.S. economic situation that is more dovish and more hawkish. In addition, during the week, we will also see the announcement on Friday. The impact of U.S. non-farm payrolls data in February Today’s focus is on data: the final value of the Markit service industry PMI in February in the United States, the ISM non-manufacturing PMI in the United States in February, and the monthly rate of factory orders in the United States in January. Gold is currently blocked near 2120, and the previous high was 2145. It can be seen in 4H that it has deviated too far from the trend line, so I will not choose to buy it now. Gold may adjust at any time, but because the upward trend is still very strong, so now Selling is not a wise choice. I think the success rate of gold trading here will not be too high. Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
FX:XAUUSD
by UnknownUnicorn66789012
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Will there be a breakthrough? This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress. Gold cannot only look at the current technical aspects. Gold's sharp rise last Friday confirmed the market's absolute bullish trend. This wave of prices was the biggest fluctuation since the market opened this year. I think gold has some room for repair Xauusd:sell 2086-2090 TP:2080-2076 SL:2093 Because it is an upward trend, we sell in the resistance range and must set up a small position. You can also wait for the support area to buy Xauusd:buy2065-2070 Join me and every day I will share my strategies to help you trade
FX:XAUUSD
by UnknownUnicorn66789012
GOLD-analyze Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall progress on inflation. They said overall progress in inflation would likely set the stage for a rate cut later this year. Another report showed that initial jobless claims increased by 13,000 in the week ended February 24, to a seasonally adjusted 215,000. Today’s key data focus: the final value of the Markit Manufacturing PMI in February in the United States, the final value of the University of Michigan Consumer Confidence Index in February, the ISM Manufacturing PMI in the United States in February, and the monthly rate of construction spending in the United States in January. The important resistance range above is 2052-2055, and the support range is 2032-2038 Today you can still wait for the support range to buy, or the resistance range to sell, and make reasonable arrangements according to the funds, so that you have a high chance of making a profit. Join me and I will share my opinions every day for your reference
FX:XAUUSD
by UnknownUnicorn66789012
GOLD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDLong
by TheGrove
4
GOLD-Waiting for PCE data to be released Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold. From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern breaks through. If it breaks below, it will declare the end of the rebound and fall to 2015. If it breaks above, it will look at 2055. So what we need today is to wait patiently and trade according to the trend after the data is released.
FX:XAUUSD
by UnknownUnicorn66789012
XAUUSD - Many factors can be surprised Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred inflation gauge - this Thursday is drawing significant attention from investors. Investors remain vigilant, closely monitoring data to gain clearer insights into the state of the US economy and shape their interest rate expectations. The US PCE for January rose by 0.4% from the previous month. If the PCE data comes in hotter than expected, it could pose challenges for gold prices. However, even in such a scenario, gold is expected to maintain its stance around the $2000 USD mark. Gold prices might only fall below this threshold if this week's economic data turns out to be unexpectedly high.
OANDA:XAUUSD
by Antonia_Le
GOLD-Waiting for direction selection As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot. Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March. The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today. If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041. My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position. Join me as I share my strategies and ideas every day to help you trade
FX:XAUUSD
by UnknownUnicorn66789012
Golden Wednesday trend analysis and trading signal sharing Gold is currently volatile for many days. If gold rebounds in the 2028-2032 range again today, then I think gold will first rise to 2037. After breaking this range, it will continue to rise to 2048. If gold fails to rebound in 2028-2032. Then gold will form a double-determined trend and fall all the way to the 2018-2022 range. So the trading strategy I am currently giving you is to wait for the trend to form before trading. Trading straregy: 1.sell2037-2041/2045-2048 tp2035-2030 sl2051.5 2.buy2018-2022 /2026-2029 tp2033-2038-2042 sl2016 The given trading range is relatively large, and we can choose appropriate trading signals based on today's specific trends. Hope everyone can make a profit. I will continue to help you analyze trends and share trading signals. If you are interested in my trading strategies, please join me
FX:XAUUSD
by George_Martin
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said. Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March. Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
OANDA:XAUUSDLong
by FalCol_TradingMaster