Get started

Goldidea

GOLD SELL CONFIRM ANALYSIS FOR TODAY Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.
OANDA:XAUUSDShort
by FxJohnson
The trend is decreasing, the current reasonable entry pointGold prices rose after the release of weaker-than-expected US ADP jobs data. Specifically, the US economy created 103,000 new jobs in November, much lower than the expected 130,000. The October figure was revised down to 106,000 from the previous estimate of 113,000. These figures follow Tuesday's JOLTS US Job Openings survey, adding to evidence that restrictive monetary policy is starting to weigh on demand for workers. On the other hand, the US ISM services PMI showed a larger-than-expected improvement, helping to negate a sharp slowdown in the US economy. CME Group's FedWatch tool is pricing in a more than 50% chance that the US central bank will cut its benchmark interest rate by 25 basis points in March. The market is in a moderately positive mood as investors grow increasingly confident that the major central bank tightening cycle is over.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd:Waiting for news data Yesterday, ADP employment data was released. The report showed that the number of ADP jobs in the United States increased by 103,000 in November, less than the expected 130,000, and also less than the previous revised value of 106,000.Four consecutive months fell short of expectations, adding new evidence to the cooling of the US labor market. At the same time, wage growth has also cooled further. In November, the wages of those who stayed in the job rose by 5.6% from the same period last year. The growth rate fell for the 14th consecutive month and fell to the weakest growth level since September 2021. Coupled with the announcement on Tuesday that the number of JOLTs job vacancies in October fell sharply by 8.733 million, much lower than the previous value of 9.33 million, these signals of a weak job market are gradually reducing the probability of the Fed raising interest rates. Today's number of unemployment benefits and tomorrow's non-farm payrolls data will determine the further development direction of the market in the future. After the skyrocketing and plummeting on Monday, the two days began to fluctuate at a low level. On the one hand, it was to repair the oversold graphics, and on the other hand, it was also waiting for Friday's non-farm payrolls data to determine the trend. At present, the data released this week are all in favor of gold, so the probability of gold rebounding is still relatively large. Therefore, under the current downward trend, we can't sell blindly today. We need to observe the resistance of 2035-2040. If we break through this range, gold may reach the vicinity of 2050 again. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSD
by UnknownUnicorn64583787
Xauusd:Downtrend After the market movements of the market on Monday and Tuesday, the basic state of the strengthening of the US dollar and the weakening of gold has been temporarily determined.The market will next welcome the release of data this week. ADP employment change data will be released on Wednesday, the number of initial jobless claims will be announced on Thursday, and the non-farm payrolls report will be released on Friday. As can be seen from the chart, gold is still in a downward trend. If it falls below yesterday's low, it may reach 1995, focusing on the impact of ADP data in the US market. Yesterday, the range of gold was 2009-2040, and it closed near 2020. Today, it surged again to 2035. It did not break through yesterday's range, so it is still mainly sold today. As long as you follow my trading strategy, your success rate will greatly increase If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
An Extensive Gold BreakdownAlright so first things first on gold The monthly timeframe suggests a few things to me as I can see that the ATH (all time high) has been broken AND Rejected HOWEVER - We have over 23 days again before this monthly candle closes which means anything can occur between now and then end of the Month & by extension the end of the Year The question I am continuously asking is why would gold go through all the stress of trying to get back to that previous high, to stop out sellers at the high and then sell - IN A BULL MARKET??? Is it that gold really wants to change its direction? I doubt it as we know that gold is the "safe haven" asset for a lot of people - Losing faith in the dollar? Buy some gold, right? If that is the case - Why would it make sense for gold to LOSE VALUE? Sounds to me like that by itself is an induction to sell, The dealer knows traders would have been interested in sells at the ATH - So take them out and start fresh Also Keep in mind we have NFP in a few days (Friday) The current weekly candle doesn't add any new information from that of the monthly timeframe as it still has about 2 days + before it closes HOWEVER, The previous weekly candle (black, bullish candle) does give us some information I want to draw your attention to the way that that previous weekly candle closed - Do you realize that this is the first candle in a few years (3 years+) to have closed at the high rather than reject the high? Surely that cannot be a coincidence - Especially as the gold market as we know is bullish. The current weekly candle is somewhat confusing however as I am questioning what is the reason for the rejection to the high ? The daily timeframe adds some more context as the last 2 days prior to this current day have both been bearish with the first big bearish day is also a bearish engulfing candle This candle by it self would signal to traders who simply trust patterns and not ask a lot of questions to blindly sell without any thought given to why this may be visible The next day suggesting that even more bearish momentum would be coming in - although that next bearish candle had wicks to both sides which I know to be a sign of consolidation on a lower timeframe Why would the market consolidate now? NFP? No liquidity? Why knows - But our job is to ask the questions so that we can take inventory of multiple possibilities right? The 4 hour timeframe is interesting to me because - I have drawn this zone (green) And what this zone represents to me is the previous all time high not the current ATH The previous ATH is important because We have to keep questioning why would the dealer trade gold below this zone if it is a bull market? Who may feel inclined to trade below the previous ATH? Could we trust buys at this point seeing as price has rejected both the previous ATH (currently) and the Current ATH formerly? Again keeping in mind that NFP is on Friday - What if the dealer has the market stumbling below this level and will continue to do so to keep inducing both buyers and seller? How would the dealer induce BOTH buyers and sellers by staying beneath the ATH? Well think about it - as a seller price has rejected the previous ath and the current ath - Traders could look for the best possible sell at the highest point they can get in AND The dealer could be showing buyers buys by keeping price at a (low-ish) Low enough point to get buyers interested What would be the dealer's reason for consolidating the market all of a sudden after such big drastic moves? We Know that consolidation induces traders to buy and sell the extremes of the range itself - so guys who may be interested within this range? Everyone - Don't believe me? Scroll down and read lol The market hasn't done much in the last 2 days yet traders still insist on placing trades heavily If your strategy allows for it then cudos to you, I am happy for you...but if you are trading at this point in hopes that you are going to get the lowest possible buy or the next highest possible sell I've probably got some bad news for you friend This is an induction to get you to commit your money to the market The way I See it there are two possibilities Either A. (Orange Line) Take out the buyers at the low of the consolidation range and then buy - Either for NFP or after OR B. (Purple line) Take out buyers at the low, sellers at the high of the range and the Previous ATH and then go back into consolidation Option B will be to capture all lost liquidity within the market from Both sides as we know the dealer is inducing both parties at this time I'd be honest however Option A is what I am most hoping for lol - This will give me an opportunity to place my buys and get into my next trade All in all I have no choice but to continue to wait and observe what is happening Follow me for more break downs like this if you like this style of breakdown - It is completely free :) This is the last one I will post for the time being - This is my visualization of where I think both buyers and sellers are interested By visualizing this we can have an idea as to where their stops might be If we can think about where their stops might be - you can bet your last buck that the dealer KNOWS where the stops are. Now answer this question for me Do you think these sellers are safe at this point ? What about buyers? Do you think they are safe at this point ? Food for thought.. Like I said - follow me for more break downs of my thought process like this. I don't always get it right but at least I am man enough to admit when I don't Godspeed to all traders today :)
OANDA:XAUUSD
by Brandon_evo4
XAUUSD - Gold continues to fall deeply, the moves weaken goldWorld gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase strongly when the market expected the US Federal Reserve (Fed) to cut interest rates as early as March. According to CME FedWatch Tool, markets forecast a 50% chance that the Fed will cut interest rates. rates in the first quarter of 2024. TD Securities experts said that market expectations for interest rate cuts may be premature and warned that gold's rally has exhausted itself.
OANDA:XAUUSD
by FalCol_TradingMaster
1
XAUUSD - Rising sharply then reversing with a shock declineGold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This factor has motivated many people to put capital into bonds. Meaning that money flowing into precious metals is limited. Since then, speculators speculated that the price of gold might go down, so they sold it to make a profit. The world gold price today at 6:00 a.m. on December 5 dropped to 2,030 USD/ounce. Previously, at the beginning of December 4, the world gold price sometimes reached a record level of 2,147 USD/ounce. The main reason is that financial investors are afraid of risks, so they increased their need to shelter capital in gold when the US said missiles fired by Houthi rebels in Yemen attacked three commercial ships in the Red Sea. Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Analyze (Road Map)!!!🗺️Gold wants to make a similar Movement like the Main wave 2 ( Flat Correction ), I tried to show you the end of the Main wave 4 in my Chart, and probably it will happen at my TRZ (Time Reversal Zone). Where is the end of main wave 4 ❗️❓ 🎯 Target 🎯: 1680$ until 1650$ Where is the end of main wave 5 ❗️❓ 🎯 Target 🎯: 2263$ until 2230$ Gold Analyze, Timeframe Weekly (Log Scale) Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TVC:GOLD
by pejman_zwin
4
Xauusd:How much more can it rise? The current geographic situation is still an uncertain factor in the capital market. In the weekend news, the Israeli military said that Israeli ground forces are actively carrying out operations in various parts of the Gaza Strip.Sunday's bombing caused dozens of Palestinian casualties, and civilians sought refuge in smaller and smaller areas in southern Gaza.The Iranian-backed Yemeni armed group, the Houthi Movement, said on Sunday that it used an armed drone and a missile to attack two Israeli ships in the Red Sea to show that it stood with the Palestinians.This has made the outside world more worried about the spread of conflict and the destruction of regional stability.The future situation in the Middle East is not optimistic. Federal Reserve Chairman Powell said on Friday that the two risks faced by the Fed, namely, raising interest rates too much, causing the economy to slow more than necessary, and not raising interest rates enough to control inflation, have become “more balanced.”He reiterated that the Fed will be cautious when making monetary policy decisions in the future.This week's non-farm payrolls data is very critical, and it is necessary to focus on the Fed's policy orientation in the future market, as well as ADP data, and the impact of non-farm payrolls on the market. Today, gold reached its highest near 2145. Due to the rapid short-term rise, gold fell to its lowest near 2057. Today's gold is crazy. Whether it can rise this week depends on the situation of non-farm payrolls. If non-farm payrolls continue to fall to about 100,000, it will increase the possibility of the Fed cutting interest rates. This is the reason for gold prices to rise again. So you must be very cautious when you trade today. You need to observe today's closing situation. If you are not very sure, it is recommended to wait and see today. Today we need to observe the support strength of 2050-2055 If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDLong
by UnknownUnicorn64583787
Gold price after strong fluctuationsHi, dear friends, let's explore gold prices after the big fluctuations yesterday! Regarding the developments and outcomes of the news on November 1st: Gold prices experienced significant fluctuations on Wednesday evening, approaching the $2,000 mark ahead of the Federal Reserve's policy announcements. This came as the US dollar delayed its recovery amidst slow bond interest rates and a mixed market sentiment. However, gold prices changed course and tested the round figure of $1,970 in an immediate reaction to the Fed's lack of policy action, contrary to many expectations. The US Federal Reserve kept its key policy interest rates unchanged within the current range of 5.25% - 5.50%. Conclusion on gold and trends: Gold prices gained positive momentum on Thursday due to reduced US bond interest rates and a weaker US dollar. Political tensions and China's economic difficulties also contributed to the positive sentiment of the day, resulting in a 0.24% increase in gold prices, trading around $1,987. The trading strategy of "buying on price declines" for gold continues as long as the significant static support level of $1,963 is maintained. Fibonacci also indicates a retreat of gold prices at 0.786. The upward trend may strengthen further if it receives strong buying support from this level of support.
OANDA:XAUUSD
by Karina_Bella
57
Xauusd:Waiting to choose the direction Due to the strong performance of U.S. economic data, U.S. Treasury bonds continued to rise strongly, while the dollar index rebounded slightly after falling for a few days.Next will be the U.S. personal consumption expenditures (PCE) price index for October released today. Wall Street expects personal consumption expenditures inflation to decline slightly, and investors hope that U.S. inflation will continue to cool steadily.PCE inflation is expected to be 0.2%, while the annualized inflation rate in October was 3.56%, compared with 3.7% in September. It is expected that the inflation rate will continue to decrease compared to October and will continue to boost the dollar. In the upcoming 2024, the United States is likely to complete the transition from interest rate hike to interest rate cut cycle. Judging from current market expectations, there is a high probability that interest rate cuts will occur in May and June. According to CME Fed Watch data, the current market believes that the Fed will start the interest rate cut cycle in May next year. The probability is about 60%, and it is expected that interest rates will fall by about 100 basis points by the end of 2024. The recent crazy gold rally fell from 2051 to 2035 yesterday, but the decline was really a bit too small, and the overall upward trend has not been broken. From the indicator point of view, the daily chart is still in the overbought zone, and the MACD speed line of the 4-hour chart has formed a decline. These are signals of gradual amplification of short-term pressure.At the same time, the position of 2051 is also the 61.8% Fibonacci extension of the rising band from the starting point of 1810 to 2009. The upper track of the 1H upstream channel was broken through yesterday and then pulled back, and today it continues to be blocked under pressure.Strategically, we still have to observe the adjustment intensity here. If gold has not been able to fall below 2030, it means that the chance of rising again is very high. Considering that the U.S. PCE for October is about to be announced today, the expectation given by the data market is that it will be beneficial to gold. If the data is beneficial to gold without a big rise, it will be safer to sell later. So we still try to start selling above 2045, the stop loss is set at 2052, and the support below focuses on 2027-2037. If there is a signal to stop falling, we can also buy. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSD
by UnknownUnicorn64583787
Gold to find sellers at market?XAUUSD - Intraday Broke the sequence of 5 positive daily performances. Buying posted in Asia. Price action has continued to range within a triangle formation. The trend of lower highs is located at 2045. Bespoke support is located at 2007. Selling spikes offers good risk/reward. We look to Sell at 2046 (stop at 2055) Our profit targets will be 2021 and 2011 Resistance: 2045 / 2049 / 2052 Support: 2031 / 2007 / 2000 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:XAUUSDShort
by OANDA
Gold risks are increasing, you need to be careful World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5% over the same period last year, slower than the increase of 3.7% in October. This is the preferred inflation measure of the US Federal Reserve (Fed). The PCE index is the latest in a series of positive inflation data recorded in November, making traders even more confident that the Fed may be done raising interest rates and may even begin to raise interest rates. lower interest rates in 2024. Besides, the USD-Index has inched back above 103 points but still recorded the sharpest drop in November this year. This is the main reason driving gold prices up in recent days.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold prices continue to increase sharplyWorld gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the Bureau of Economic Analysis, US GDP in the third quarter increased by 5.2%, up from the estimate of 4.9%. Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high. Additionally, gold will still benefit from safe-haven demand due to concerns related to geopolitical tensions. Given those factors, SocGen analysts see a push above $2,000 as the start of a larger recovery that could keep gold prices at around $2,200 an ounce in 2024.
OANDA:XAUUSDLong
by FalCol_TradingMaster