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Goldidea

Where will gold prices go in the near future?Hello everyone! Let's chat about gold, shall we? What do you think will happen to gold in the near future? Looking at the charts from last week, gold took a slight dip, but the long-term outlook remains quite positive. It bounced back beautifully from the trendline, like an athlete clearing a high jump with ease. As long as that trendline holds strong, I believe gold is set to make a splash towards the 2065 and 2088 USD price levels. What about you? Do you think gold has the potential to climb in the coming period? Let's hear your thoughts!
OANDA:XAUUSD
by Karina_Bella
1
Gold price and prospect of increase?Hello dear friends ! Yesterday as we expected, gold fluctuated and fell sharply until 2013 USD and completed the selling target as mentioned before. However, the price quickly returned to 2033 USD like the previous days and continued to stabilize around this area. The yellow metal's upside could be limited by the possibility that the Fed may not start cutting interest rates as soon as expected, which could put some selling pressure on XAU/USD prices. Review and trend of gold: In general, gold is still in a downtrend, but the selling force has gradually decreased and the possibility of switching to an increase is due to the appearance of signs of convergence from the trendline and the RSI indicator. The support level around 2015 - 2017 USD has not been broken and is still a bright spot for gold to rebound. And you, do you think gold can increase again?
OANDA:XAUUSD
by Karina_Bella
1
Should gold be prioritized for sale anymore?Hello everyone, what do you think about the price of gold? Today gold does not have too many fluctuations, mainly around 2030 USD and the trend is still stuck in a downward trend! About gold trading strategy: -On the analysis chart, gold is limited below the resistance level of 2036 USD and confluences with the two EMA lines, so the downtrend is even more supported. Therefore, we will prioritize Sell orders with the goal of taking profits at the defensive level of the Bulls in 2020 - 2017 USD. Good luck to you !
OANDA:XAUUSD
by Karina_Bella
Stand still and wait for news, CPI news trading strategy todayWorld gold prices were relatively stable with spot gold down 5.3 USD to 2,023.5 USD/ounce. Gold futures last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning. World gold decreased slightly in the mid-week trading session as investors were waiting for US inflation data to gain more clarity on the US Federal Reserve's (Fed) interest rate roadmap this year. RJO Futures senior market strategist Bob Haberkorn said lower-than-expected inflation data would give the Fed more reason to cut interest rates this year, which would push gold prices higher. US consumer price index data will be released on Thursday. According to a Reuters poll, economists predicted annual inflation would come in at 3.2% in December, but said core inflation could fall to 3.8%, the lowest since December. mid-2021. A report from the New York Fed revealed that consumers expect inflation to decline, while Fed Governor Michelle Bowman said on Monday that the US Central Bank's monetary policy appeared to be "adequate". limit".
OANDA:XAUUSDLong
by FalCol_TradingMaster
Can gold price drop to 2000 USD?Hello, my beloved friends! 💖✨ Today's meetup is as dazzling as a glint of gold! Gold today is doing what it does best: keeping our eyes glued to its every move! Trading around 2028 USD, it took a leap just as we anticipated yesterday, after a thrilling retest party at the Breakout area and the EMA ribbon. 👀📉 Let's chat prospects: On the 4-hour chart, gold is performing a downward ballet, with the EMA 34 spotlighting the trend. The support level at 2017 USD is center stage, but if this show ends, we might see gold gracefully dive towards the 2000 USD mark, or even take a bow at the bear’s ideal spot at 1982 USD. As long as gold keeps dancing below the 2050 USD resistance level, the path downwards is wide open. What about you? How do you foresee the glittering future of gold prices? Share with me! 🌟📈💃
OANDA:XAUUSD
by Karina_Bella
3
Gold prices continue their falling streakHello dear friends, it's great to meet you again for a discussion on gold today. Currently, gold is trading around the level of $2032 in the early trading session and showing a slight recovery after a price correction following a drop to $2017 at the end of yesterday. The precious metal has successfully broken out of the support level at $2033, and on the chart, the downward trend is clearly indicated with the convergence of the EMA 34 and 89 lines signaling a potential reversal. It is expected that the current price correction will continue until reaching the 0.5 - 0.618 Fibonacci retracement level. We can anticipate further decline in gold after this consolidation phase. Selling is preferred, my friends! What about you? Do you think gold will continue to decrease?
OANDA:XAUUSD
by Karina_Bella
11
Unpredictable fluctuations, predicted to continue to increaseWorld gold prices stabilized with spot gold increasing 1.3 USD to 2,028.8 USD/ounce. Gold futures last traded at 2,036 USD/ounce, up 2.5 USD compared to yesterday morning. The world gold market stabilized as investors remained cautious ahead of US inflation data to be released later this week. The data is expected to provide more detailed information about the future policy direction of the US Federal Reserve (Fed). If the inflation numbers surprise, the Fed may not be able to cut interest rates yet, which would put pressure on precious metals markets, said Kitco Metals senior analyst Jim Wyckoff. Currently, analysts predict price inflation will slow in December. The New York Fed survey earlier this week also showed that consumers expect inflation to decline, along with income and spending increases. Household spending will gradually increase in the coming years. Looking at the direction of gold in the medium term, MKS PAMP metals strategist Nicky Shiels forecasts gold prices will fluctuate in the range of 1,900 to 2,200 USD/ounce in 2024 and prices will reach a record high in the first half. this year, boosted by expectations of interest rate cuts. Experts also do not rule out the possibility that gold will conquer the 2,300 USD/ounce mark when mentioning other factors such as geopolitical instability and the trend of de-dollarization in the world. On the other side, Shiels said that gold is also likely to fall back to $1,600 an ounce if persistent inflation forces the Fed to maintain its restrictive monetary policy. She said that the possibility of this scenario happening is 20%.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Where will the gold price go this week?Hello dear friends, let's explore the price of gold for the new week with Karina! Gold prices opened the week's session and traded relatively stable at around $2043. On the analysis chart, gold is still in a downward trend, but selling pressure is gradually weakening as gold shows some signs of upward movement with a support level near $2035. Overall, in the short and medium term, the possibility of a price decline seems to be limited as long as the precious metal maintains its fundamental level of $2030. Speaking about upcoming trends: Gold is heavily influenced by market news, and inflation data this week will be crucial. Therefore, it is important to closely monitor and grasp these updates to have a clearer view of the upcoming strong increases or decreases in gold.
OANDA:XAUUSD
by Karina_Bella
4
Gold continued to decline on the first day of the weekHello dear friends! The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day. Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals from the 34 and 89 EMA lines. Resistance level: 2045 USD Support level: 2030 USD.
OANDA:XAUUSD
by Karina_Bella
1
World market turns down, trading strategyWorld gold prices are still attractive when the world's second largest economy is still facing difficulties in economic recovery. Data on China's manufacturing PMI index in December decreased from 49.4 points in November to 49 points in December, lower than the forecast level of 49.5 points. This is the third consecutive month that China's manufacturing PMI index has declined. Along with that, on January 5, China's giant asset management group Zhongzhi Enterprise Group, with assets of more than 140 billion USD, filed for bankruptcy because it could not pay its debts. This unit said there is about 66 billion USD in its balance sheet that cannot be paid. Zhongzhi is likened to an underground bank in China, mobilizing capital from households to lend or invest in real estate, stocks, bonds and commodities. It is expected that the amount recovered from the liquidation of this group's assets will be low. Thus, the Chinese economy is still having difficulty solving the problem of inactivity in the real estate and valuable paper investment sectors. Previously, in 2021, investors witnessed Evergrande's debt default. . It is forecasted that Country Garden will have a stronger influence than Evergrande because the number of projects is many times larger. Many people compare Zhongzhi to a "debt bomb" in the financial market. Increased risks in the financial market will cause investors to turn to gold speculation to ensure capital flows. However, the market also witnessed quite positive information from the US economy. Specifically, the new December employment data announced by the US is quite positive with 216,000 new jobs created in the non-agricultural sector, higher than the 173,000 jobs achieved last month and the 170,000 jobs previously forecast. Average hourly income (year/year) increased from 4% in November to 4.1% in December and higher than the 3.9% forecast. The unemployment rate in the US in December remained at 3.7%. ISM's manufacturing PMI index also increased from 46.7 points in November to 47.4 points in December 2023. Although this index is below the 50 expansion level, the increasing trend of this index shows that the US economy is recovering. Positive signals from the US economy and the rising USD put pressure on the gold market, causing world gold prices to decline at the beginning of this morning's session. Experts and investors said , gold prices will trade around the range from 2,000 - 2,050 USD/ounce before the market receives new economic information.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold decreased but the upward momentum remained sustainableHello dear friends, do you think the price of gold will increase or decrease in the near future? Generally, the main trend of gold in the past week has been a decrease in price, with a decline of over $40 during the week. However, when looking at the long term with the 1-day chart, gold still maintains a strong upward trend with a steady rising trendline. Gold experienced a week of price decline as a corrective wave, testing the 34 ema line at $2045, and the upcoming prospects are expected to test the 89 ema line at around $2019. We can expect gold to bounce back from this point as it touches the trendline and finds support at that level (as marked on the chart). Karina still expects gold to continue setting record levels in 2024. What about you?
OANDA:XAUUSD
by Karina_Bella
Xauusd trend analysis for next week I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow) 2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019. There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis. Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
FX:XAUUSD
by i2vi2v
XAUUSD Longs from 1990.0000 back upFollowing the recent interaction with my 6hr supply zone during the NFP event, I anticipate a further downward movement in price to clear the pool of liquidity below and eventually reach my Daily Demand zone. Once there, I'll be on the lookout for significant buying opportunities to support a continuation of the bullish trend. While I recognize it may take some time to reach that point, I'll promptly identify a new supply zone if price breaks the structure to the downside. This will become my new Point of Interest (POI) for potential counter-trend sells back down to the demand level Confluences for GOLD buys are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A daily demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. P.S.While my Point of Interest (POI) seems likely, I wouldn't be shocked if the price rises and retests the 6hr supply, reaching a new supply level located just above the old zone on the 4-hourly. In such a scenario, I anticipate a bearish reaction if the price decides to move upward to that area. Hope everyone has a profitable first month!
OANDA:XAUUSDLong
by Hassan_fx