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GOLD-Strategy The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index is the Federal Reserve's preferred inflation indicator. Following a 0.2% increase in December, the index is expected to increase by 0.4% month-on-month in January. The market is fairly certain that the Federal Reserve will keep its policy rate unchanged at the 5.25%-5.5% range at its March policy meeting. According to CME's "Fed Watch Tool", the probability of a rate cut in May is currently 20%. The peak rose to around 2041 last weekend, but it fell to around 2030 after the opening today. The indicators of each cycle are quite confusing. Now it is possible to rise or fall in 2030. We need to keep observing here. There is no important data released today, and the fluctuations every Monday are very small, so we can still wait for the resistance point to sell, or the support point to buy In the big cycle, the important resistance point is near 2055. If the short-term rise continues, selling here is a relatively safe position. Strategy 1: Xauusd:sell2036-2042 TP:2031-2028 SL:2045 Strategy 2: Xauusd:buy2018-2023 TP:2028-2032 I have the above strategies for your reference. Everyone’s trading habits and funds are different. You need to choose the above strategies reasonably according to your funds and trading methods, so that you can ensure your profits. Join me as I analyze how you should trade every day and tell you my trading strategies
FX:XAUUSD
by UnknownUnicorn66789012
Gold price today: Buy prospects!Warm greetings to all splendid friends, let's explore today's gold prices together! Currently, gold is hovering around $2031, marking a slight decrease of nearly $4 from the last closing on Friday. It's evident that after a significant uptick, gold is undergoing a correction, moving towards approximately $2030—a new support level established after breaking through the prior resistance. As for today's strategy and looking ahead: I'm optimistic about purchasing gold, observing that the correction phase seems to be concluding. In the short term, the EMA 34 and 89 lines continue to support an upward trend, making the strategy to buy highly favorable. Wishing everyone a smooth trading week ahead!
OANDA:XAUUSDLong
by Antonia_Le
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term. Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active. As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD H1 / Short Trade Opportunity / Target Price 1975 ✅💲Hello Traders! This is my idea related to GOLD H1. I see that we are in a bearish channel and at the moment, I would like to see a retracement from the resistance level. I will look for a short entry if I will see a confirmation of a bearish market structure. I expect that we will reach the PWL and my target is 1975. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
GOLD-Pay attention to whether interest rates are cut The position report of SPDR Gold Trust, the world's largest gold ETF, shows that the institution reduced its holdings by 2.01 tons again yesterday. This is also the twentieth time this year it has reduced its holdings. Fed Governor Waller said in a speech that Fed policymakers should postpone interest rate cuts for at least a few more months to see whether the recent rise in inflation indicates a stagnation in the price stability process or is simply blocked. In the near future, the market also needs to pay attention to whether the Federal Reserve can implement the decision to cut interest rates in March. Yesterday gold broke through 2033, but it did not continue to rise. Every time it broke through, I would trade to follow the trend, but unfortunately, it hit SL yesterday, so I can judge that the resistance here is very strong. Strategy 1: Xauusd:sell2026-2029-2033 TP:2020-2016 SL:2036 Strategy 2: Xauusd:buy2005-2008 TP:2013-2016 I have the above two strategies for your reference. Everyone’s trading methods will be different. As long as you control your positions reasonably, you will definitely be able to make profits in the market. The area around 2015 is also a relatively important support. You also need to observe the strength of the support here. Join me, I will share my ideas and strategies every day, so that you can learn how to trade yourself
FX:XAUUSD
by UnknownUnicorn66789012
Causes of Gold's rise and its down cycleWorld gold prices increased in the context of a British cargo ship being attacked in Yemeni waters. Since then, financial investors are concerned about escalating geopolitical tensions, which has prompted them to put capital into gold to preserve capital. On the other hand, the market expects gold trading to be vibrant when the top consumer country, China, resumes commercial activities after the Lunar New Year holiday. Meanwhile, the USD is affected by growing speculation that the Federal Reserve (Fed) will keep interest rates high for longer. Therefore, gold's upside potential could be created from a decline in USD prices, if Fed officials are soft in cutting interest rates.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trend today, main selling trendWorld gold prices stabilized, with spot gold down 1 USD to 2,023 USD/ounce. Gold futures last traded at 2,035 USD/ounce, down 0.9 USD compared to yesterday morning. Despite being pressured by the minutes of the first policy meeting of the US Federal Reserve (Fed), gold continues to consolidate above 2,000 USD/ounce. In the newly released minutes, the Fed signaled that its monetary policy had peaked, but was not in a hurry to reduce interest rates. Fed officials noted that inflationary pressures eased and economic activity remained strong. According to the minutes, the committee wants more evidence to show that inflation continues to fall to the target level of 2% before making a decision to loosen monetary policy. Kitco.com senior market analyst Jim Wyckoff said the minutes did not provide any additional information on monetary policy following hotter-than-expected inflation data released last week. He said that, although a bit hawkish, the minutes contained no surprises. Recent hotter inflation reports have made the market more certain that the Fed will delay lowering interest rates until the second half of the year. Independent metals analyst Tai Wong in New York predicts that gold will likely continue to move sideways in the short term and the information the market is waiting for will be the personal consumption expenditure (PCE) report released. announcement next week, followed by payrolls and Fed Chairman Jerome Powell's testimony in Congress in early March. Although the gold market is struggling as expectations for interest rate cuts continue to be pushed back, according to WisdomTree market strategist Nitesh Shah, the longer the central bank delays, the risk of mistakes happening. The bigger the policy, the more this will ultimately benefit precious metals. This expert predicts that gold prices will reach 2,210 USD/ounce in the fourth quarter of this year, a new all-time high.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold price continues to increaseGold price today is moving around $ 2028 and is supported in the context of a British cargo ship attacked in Yemen. Since then, financial investors are concerned about escalating geopolitical tensions, motivating them to bring capital into gold to preserve capital. On the other hand, the market expects the gold trading will be exciting when China's leading consumer country, resuming trade activities after the Lunar New Year holiday. Meanwhile, the dollar is influenced by the increasing speculation of the Federal Reserve (Fed) will keep the higher interest rate in a longer period. Therefore, the potential for gold price can be generated from USD discount, if Fed officials are soft in cutting interest rates.
OANDA:XAUUSD
by Antonia_Le
GOLD-Today's strategy The market has not been stable recently. As further chaos in the Middle East has increased geopolitical uncertainty, gold remains an important safe-haven asset, which has also driven gold's recent rise. The market is focusing on whether the Federal Reserve is expected to cut interest rates in March or June this year. The U.S. economic schedule this week will include the release of the latest Federal Reserve Monetary Policy (FOMC) meeting minutes and the speeches of Federal Reserve officials starting on Wednesday. Today we need to pay attention to whether gold can break through 2033. If gold breaks through 2033, it will continue to rise. Below we need to pay attention to the support near 2015. Because of today’s meeting, the trend of gold may be unstable, so everyone needs to pay attention. Strategy 1: Xauusd:sell2030-2033 TP:2026-2023 SL:2036 Strategy 2: Xauusd:buy2012-2015 TP:2020-2025 Strategy 3: Xauusd:buy2005-2008 TP:2015-2020 I have the above three strategies for your reference. You can choose the strategy that suits you according to your funds. Every day I will share my strategies and analysis, join me and learn how to trade
FX:XAUUSD
by UnknownUnicorn66789012
GOLD H1 / Potential Short Trade / Valid Entry in Supply Area❗️💲Hello Traders! This is my idea related to Gold. My previous forecast hit the target of 5R, now I expect a retracement, to the FVG and I will look for a confirmation in the supply area. The structure is still bearish, and my bias is for short entries. 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
TVC:GOLDShort
by GoodTradeST
World gold price continues to decline sharply, long-term sellingWorld gold prices increased with spot gold increasing by 2.1 USD to 2,017.4 USD/ounce. Gold futures last traded at 2,029.4 USD/ounce, up 5.3 USD compared to yesterday morning. Gold continues to recover from last week's sell-off after testing support at $2,000 an ounce. Although gold is starting the trading week with modest gains, some analysts say it will remain stuck in a range with support at $2,000 an ounce and resistance around $2,050. ounce. Last week, both consumer and producer prices rose more than expected, putting pressure on gold. The published report shows that the threat of inflation is still persistent. Although gold is stuck, some analysts still emphasize the importance of this precious metal. According to market analyst James Hyerczyk of Fxempire.com, precious metals are still an important safe haven asset when developments in the Middle East are increasing geopolitical instability. He attributed gold's recent recovery to a weakening dollar and fears of rising tensions in the Middle East, which have helped boost gold's status as a haven asset. Safety is preferred. Some other opinions believe that the possibility that the US Federal Reserve will loosen policy this year is also a supporting factor for gold and this precious metal to break out when the first round of policy easing takes place. .
OANDA:XAUUSDLong
by FalCol_TradingMaster
What does gold price change today? Hello everyone! What are your thoughts on the gold price today and for the rest of the week? Will it rise or fall? Last week, gold experienced significant fluctuations, dipping below the $2000 mark, but it quickly rebounded by the end of the week and is now stabilizing around $2017. The immediate resistance level is at $2025, and with the USD weakening towards the week's end, buyers might leverage this to push prices beyond this threshold and possibly reclaim the $2050 level once again. And you, what's your perspective on gold? Drop a comment and let me know!
OANDA:XAUUSD
by Antonia_Le
Gold: Don’t Slacken! 💪To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
COMEX:GC1!
by MarketIntel
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