Gold price today should be gold priceToday's XAUUSD Trading Strategy!
Hello everyone, what do you think about gold's direction today – up or down? Currently, our chart analysis shows that gold is in a somewhat unclear trend direction. However, the potential for an upward move is highly regarded at this moment. We should focus on two key buying levels for gold, which are the support levels at $2023 and $2025 respectively.
Goldidea
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.
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.
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.
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
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
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Gold Tuesday Trading Strategy
Today’s gold still needs to observe further trends. I think a safe trade needs to focus on the key price of 2022. The gold price is currently testing 2022 above and breaking 2022. We can choose to sell gold in 2032-2034. If it cannot break through 2022, it will fall back to 2022. Near 2007, we can try to buy near 2007.
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. .
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!
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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD TODAY : How to win?Gold price is consolidating the solid recovery from the weekly low level of 2,015 USD at the beginning of the fourth day. The US dollar extends the regression from the highest level in many months, in the context of the interest rate of the US Treasury bonds and the market environment is friendly and risky, promoting gold buyers to accelerate.
According to observation on the 1H chart, gold price is facing difficulties around the $ 2,030- $ 2,035 area. The relative power index (RSI) in 14 days is trading at a neutral level at 50, showing that the gold price lacks a clear orientation.
If the recovery is successful, the strong resistance level immediately for gold price will be seen at a psychological level of 2,050 USD. The next important supply area for bright metal is seen at about 2,065 USD.
On the other hand, gold sellers need to search for decisive closing levels under $ 2,035- $ 2.030 above. Further, will check the threshold of $ 2,000 if the $ 2,010 round number makes room.
GOLD M30 / LONG TRADE EXECUTION ALERT ❗️💲Hello Traders!
This is my idea related to Gold M30. I expect a bullish move to close the FVG. The bearish sentiment on the market is still bearish, and I consider this indicator a good chance to look for long entries.
My target is under the OB level.
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
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Long Time Frame
Break of Structure and Retracement
Rejecting from Demand Zone or Fibonacci Level - 38.20%
Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
RSI - Divergence
Find potential to buy short-term goldPrices are strictly according to our analysis.
XAUUSD drops after breaking through key level. On the daily timeframe we also have a demand zone, which has brought out higher prices; it forms a pulse leg. The market has responded to this zone a few times before.
If the market loses momentum at support it would be a good sign that the bulls are exhausted, giving rise to a bullish resistance zone around 2000. Alternatively, price action could form. a micro range and then broken upward. My goal is fertility in 2007.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments.
Trading signals:
SELL 2015$ - 2013$. Stoploss: 2019$ Scalping 2004-2006
BUY 1975$ - 1977$. Stoploss: 1971$
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD-transaction analysis
Gold focuses on U.S. initial jobless claims today
Gold prices fluctuate due to uncertainty about inflation. The market is divided on issues such as the timing and frequency of interest rate cuts. The Fed's policy committee continues to monitor inflation data and will decide whether to cut interest rates based on the evidence it gathers. Investors should pay close attention to relevant events and speeches to keep abreast of changes in gold prices.
Gold has been fluctuating up and down recently with no clear direction, so as long as you control your positions reasonably, you can make certain profits from both buying and selling.
So we can wait to sell high, or buy low
Xauusd:sell2039-2044
TP:2034-2030
Xauusd:buy2018-2022
TP:2028-2032
The above two strategies are for your reference
Join me and every day I will share my strategies to help you trade
⤵️⤵️ ( Gold bearish momentum technical analysis) Technical analysis🟢
Hello traders what do you think about Gold
Traders are you looking 👀 gold this week moving down
2000+ 1990+ 1980 gold friday cpi News update selling zoon 2057 big down 👇 2027) this week same retest 2030 2040)
Fullback down 👇🟢
DXY INDEX ☝️ 105 .00 🟢
XAUUSD Gold 13/02Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves
Symmetrical Triangle as an Corrective Pattern in Long Time Frame and Rejection from the Lower Trend Line
Break of Structure and Retracement
Double Bottom as an Corrective Pattern in Short Time Frame