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XAUUSD - Trading strategy after CPI news on December 13World gold prices fluctuated slightly with spot gold down 1.3 USD to 1,979.5 USD/ounce. Gold futures last traded at 1,993.2 USD/ounce, down 0.5 USD compared to yesterday morning. Although the world gold price this morning was listed close to the level of yesterday morning, it has decreased sharply compared to the increase during the day. Specifically, gold plunged and lost the previous 0.5% increase after a new report was released showing that consumer prices in the US did not decrease in November. Inflation data was released first. The Fed's final monetary policy meeting in 2023. The market is expecting the US Central Bank to maintain interest rates at its meeting on Wednesday. The consumer price index (CPI) rose 3.1% year-on-year in November, in line with economists' expectations. November CPI increased 0.1% compared to the previous month. The dollar pared losses after the CPI data and made gold less attractive to holders of other currencies. Economists note that the latest inflation data could cause a shift in market expectations for an interest rate cut as early as March. US Federal Reserve officials ( The Fed) has emphasized that it needs to see a sustained downward trend in inflation before starting to reduce interest rates.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Xauusd:downtrend The latest economic data shows that the US consumer CPI data in November was 0.1%, 0% higher than expected; the core CPI was 0.3%, overall in line with expectations, but higher than October. Judging from the release of this CPI data, the market generally expects that the Federal Reserve’s interest rate decision will maintain the current benchmark interest rate of 5.25%-5.5%, and focus on next year’s interest rate forecast and Federal Reserve Chairman Powell’s press conference. As you can see from the chart, gold is still on a downward trend, but it is rebounding because it has fallen too much. So today we can still follow yesterday’s strategy and focus on selling. You can observe the ranges of 1988, 1992-1997, and 2005-2009 for selling, and arrange your positions reasonably, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
1
PPI news trading strategyThe world's gold price today, December 13, continues to decrease when the US releases the latest emission data, creating motivation for the USD to increase in price. Gold prices today have not stopped falling in the context of the US announcing the annual consumer price index (CPI) in November 2023 increased by 3.1%, 0.1 percentage point lower than the previous month of 3.2. %. At the same time, the US also announced that annual core inflation in November 2023 increased by 4%, unchanged from the previous month and in line with market forecasts. Immediately, investors speculated that the US Federal Reserve would keep interest rates unchanged after concluding its meeting at dawn on December 14. In particular, many people have reduced their expectations that the FED will soon reduce interest rates in 2024. SELL XAUUSD 1990 - 1992 SL 2000 TP 1982 TP2 1973
OANDA:XAUUSDLong
by NicoTradingMaster
Xauusd:Resistance to sell At the time of the risk of key central bank events, the market will face the release of US consumer inflation data within the day, which will play a key role in influencing market expectations of the Fed's next policy actions.U.S. consumer price index (CPI) inflation is expected to be mixed at the front end of the curve. The core consumer price index is expected to jump from 0.2% to 0.3% in November, while year-on-year data is expected to rise slightly from 3.2% to 3.1%. A slight decline.It is expected that the price of gold may hit a low again. Judging from the chart, gold is still in a downward trend. The top focuses on the resistance of 1992-1997, and the bottom looks at the low points of 1975 and 1950, but beware of the impact of CPI data on gold. From a technical point of view, the daily line is currently in a downward trend, and the lowest point of support for the daily line Bollinger band is 1950. The decline of this wave of gold must at least see 1950 to observe whether it can rebound effectively. So we still choose the resistance point to sell. You can observe 1992-1997, 2007-2009, choose the right position to sell, and plan your position reasonably, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
Xauusd:Continuation of last week's decline Not only did the number of new non-farm payrolls in November exceed expectations, but the unemployment rate unexpectedly fell to 3.7%, and hourly wages exceeded expectations.After the release of non-farm payrolls data, the swap contract showed that the market lowered its expectations for the Federal Reserve to cut interest rates in 2024, and the probability of keeping interest rates unchanged in December rose slightly.This week's market will focus on the CPI data released on Tuesday, which will reflect the recent inflation issues in the US market, as well as the Fed's interest rate decision on Thursday. The interest rate decision announced this time will be the last time this year to announce whether the Fed will raise interest rates. Judging from the data in the December non-farm payrolls report, it is expected that there will still be no interest rate hike this time. As can be seen from the chart, gold still maintains a downward trend, paying attention to the support of 1995, 1985, and 1950. From the technical point of view, the daily line fell below the middle Bollinger band of the daily cycle last Friday. The space for this wave of decline depends on the support point of the lower Bollinger band of the daily line 1950, and there is almost no support point in the middle, so we can sell mainly. This week's key data are CPI and the Fed's interest rate decision, so the volatility on Monday will not be too great, and the current range is between 1990-2010. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSD
by UnknownUnicorn64583787
Trading strategy on December 12, priority to sellWorld gold prices dropped sharply with spot gold down 25.2 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,997.3 USD/ounce, down 17.2 USD compared to yesterday morning. World gold prices slid due to pressure from the recovery of the USD and rising bond yields. The USD rose 0.2%, making gold more expensive for holders of other currencies. US 10-year Treasury yields also rose higher, increasing the opportunity cost of holding gold. Currently, investors wait for important meetings of several central banks. Specifically, the European Central Bank, Bank of England, Norges Bank and Swiss National Bank will also conduct policy meetings on Thursday. In addition, investors are also interested in data. US inflation data. This data is said to be able to influence the policy roadmap of the US Federal Reserve (Fed).
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - Short-term gold trading strategy, Gold goes up and downWorld gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,006 USD/ounce. Last week, the yellow metal continuously plummeted after hitting an all-time high at the beginning of the week and anchoring nearly 2,000 USD/ounce. Kitco News' latest weekly gold survey shows most retail investors still expect prices to rise this week, while the majority of market analysts have turned bearish or neutral on the outlook. Short-term outlook for the yellow metal. Specifically, among Wall Street analysts participating in Kitco News's latest gold survey, only 20% forecast that gold prices will be higher this week, with more than half of experts predicting prices will decrease. Meanwhile, 59% of retail investors expect gold to increase. Retail investors expect gold prices to trade around 2,056 USD/ounce this week. This week, developments in monetary policy meetings of major central banks around the world will be closely watched by the market. Accordingly, the Federal Open Market Committee (FOMC) of the US Central Bank will meet on Wednesday, followed by the meeting of the Bank of England and the European Central Bank on Thursday. All three banks banks are forecast to keep interest rates unchanged, although investors will still be watching to see if there is a change in the tightening trend and their forecasts.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Big year ahead — 4500 pips move.I haven't posted a lot, but I just felt like posting this move, because it's such a big potential here. It is pretty clearly a remarkably and strong resistance zone which has been shown to have big reactions to, within these 3 and a half years. It is finally trying to break above, it seems. So my guess here is that it'll go at least 4500 pips above since it seems reasonable to just add the time it spent forming the resistance zone and adding that length above. It's a big pull, and it might just become one of the most volatile moves in the history of XAUUSD.
OANDA:XAUUSD
by CyberFxTrader
Xauusd:Non-farm payrolls data will choose the direction The number of people applying for unemployment benefits announced yesterday rose to 220,000 at the beginning of the week ended December 2, slightly lower than the expected 222,000.The number of people renewing unemployment benefits in the United States fell to 1.86 million in the week ended November 25, the largest decline since July and the second decline since early September. The number of layoffs in challenger companies increased by 45,500, much higher than the previous value of 36,800. These signs all show that the decline in the US labor market is obvious, and it also provides confidence for the Fed to end interest rate increases, but it still needs today's important non-farm payrolls data to be truly determined. Judging from the chart, gold has been fluctuating within the range I reminded for the past two days, indicating that gold is also waiting for today's data to choose the direction. If today's non-farm payrolls data is good for gold and gold breaks through 2040, you need to pay attention to the resistance of 2050-2060. If today's non-farm payrolls data is unfavorable for gold, gold may fall below 2010 again Today's data will determine the direction of gold. Today is already Friday. Cautious traders can wait for the data to be released or follow the trend next week before trading. If you are trading now, continue to observe the 2020-2040 range volatility and strictly set the stop loss, so that your success rate will be greatly increased 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 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