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Gold sees upside risks intact, with eyes on the $2,000 markHello dear friends! Today, the gold market is relatively quiet as prices have slightly decreased, fluctuating around $1970 - $1971 per ounce. Gold is facing profit-taking pressure after a recent strong rally. Investors are taking profits as the USD shows signs of strengthening. To challenge the highest level reached on July 20th, which was $1988, buyers will need to accept a higher level. After that, their target will be the highest level in 5 months, which is $1997, surpassing the $2000 barrier. On the other hand, if sellers regain control, they will try to break the lowest level reached on October 23rd, which was $1963. Further down, the psychological level of $1950 will be tested again. The buying limit for gold is estimated to be at its lowest on October 19th, at $1945. As for the outlook for gold prices this week: We need to pay attention to the US GDP report for the third quarter, which will be released on Thursday (26th). The Personal Consumption Expenditures (PCE) index will be announced on Friday (27th), along with other economic reports, especially the speeches by European Central Bank President Lagarde and Federal Reserve Chairman Jerome Powell.
OANDA:XAUUSD
by Karina_Bella
2
XAUUSD light position trading strategy Gold fell back on Tuesday, and the final closing price was around 1971. Since the support below 1955 has been tested, our strategy today is still to be short and long. If the gold price continues to fall back to around 1964, we will continue to go long. It is recommended to light warehouse Golden signal: buy1964-1969 tp1978-1980 sl1959 The channel shares real-time technical analysis and trend judgment. I hope interested traders can join me.
FX:XAUUSDLong
by Krause_Philipp
XAUUSD - Continued to fall sharply as the USD soaredGold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April 2023, only a few US manufacturing purchasing managers have fallen below 50 points and have now returned to this level. In particular, in the European region, the PMI index in the manufacturing sector of major economies including the UK and Germany also increased. Specifically, the October product sector PMI in the UK reached 45.2 points, higher than the forecast of 44.7 points and September's level of 44.3 points. The PMI index of the manufacturing sector in Germany in October reached 40.7 points, higher than the 40 points of the newspaper project and 39.6 points in September. Although the PMI index of the UK and Germany has not reached the opening level. widely, but increased more than forecast and last month showed telling economic signals of a product recovery. After the PMI index increased, the USD skyrocketed. The Dollar-Index - measuring the strength of the USD in a basket of 6 home currencies, increased sharply by 0.7% compared to the previous session, to 106,270 points, at 6:22 a.m. this morning (Hanoi time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold in a volatile world, should you buy or sell?The world's gold price today, October 25, is in turmoil as the USD rises sharply, crude oil prices go down, and US bond yields heat up. Gold prices today fluctuated violently as financial investment increased the need to hold "greenbacks". This helped the USD Index increase to 106.27 points, creating momentum for the USD to increase in price very strongly compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound). , CAD (Canadian dollar), SEK (Swedish Krona) and CHF (Swiss Franc). Meanwhile, crude oil price dropped to 83.25 USD/barrel, 10-year US bond interest rate stood at a high level of 4.85%/year. In particular, financial markets became optimistic when Israel still delayed its ground attack on the Gaza Strip in the hope that the Hamas group would continue to free the hostages. With the above situation, many people may have seen the gold market fall into a disadvantageous position. So they sold this precious metal. The remaining gold wave crazes sell Dua, waiting for the price to decrease to buy back the difference. Immediately, the world gold price sometimes dropped from 1,980 USD/ounce to 1,950 USD/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
Gold price "BOOMING" at the end of the transactionDear beloved friends, Today, gold concluded its trading session with a significant surge in price. This precious metal has reached a high level of approximately $1932, experiencing a substantial increase of $63.53 in just one day. You may wonder why the price has risen so drastically. Regarding international market information: - Gold prices soared at the beginning of the trading session in the United States due to a stronger demand for safe-haven assets. This heightened demand is a result of escalating tensions between Israel and Hamas. - If the conflict in the Middle East continues to escalate, gold prices may continue to rise as they did during the previous conflict between Russia and Ukraine. Outcome: - This ongoing conflict will continue to impact both crude oil and gold prices, causing an increase in both commodities. In this context, gold becomes a safe haven for investors, leading to an unexpected surge in its value, resembling an explosion. Regarding technical analysis and price prediction for gold in the future: - Gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), indicating a strong possibility of further price increases. - Currently, gold is operating near a resistance level at $1935, with immediate support at $1905. Overcoming the $ 1935 resistance will open up the opportunity to increase the price for this precious metal towards higher levels at 1945 and 1965 USD as on the 4H analysis chart.
OANDA:XAUUSDLong
by Karina_Bella
6
Will gold prices fall back?Hello dear friends! At the end of yesterday's trading session, the price of gold experienced a slight decrease, ending the impressive rise to nearly $2,000 per ounce during the previous week, as tensions in the Middle East continue to escalate without signs of easing. In the context of ongoing political tensions, it is difficult to envision gold decreasing without some resolution to the situation in the Middle East. However, the $2,000 per ounce level holds significant psychological importance and for short-term traders, gold is expected to experience a slight decline before resuming its upward trajectory. Karina anticipates that gold may find initial support around $1,950 per ounce, followed by $1,920 per ounce. So what are your thoughts on the next trend for gold?
OANDA:XAUUSD
by Karina_Bella
5
Short -term analysis for today's strategy!Hello traders! This will be a short-term analysis for today. On the chart, the price range is narrowing with the potential for a significant breakout expected, which could lead to a decline in XAUUSD due to its recent downtrend. However, this decline is likely just a corrective move as the overall upward trend is still being reinforced by the ongoing volatility in the Middle East conflict. According to Nolan's analysis today, the decline could retrace towards the support zone at 1960 - 1955 USD before bouncing back from this level. The target remains at 2000 USD for the next upward move.
OANDA:XAUUSD
by Nolan_Signal
Update gold price at the beginning of the week! Hello dear friends! A new week has opened up with plenty of opportunities for us. Let's explore together with Karina <3 On the global front: - Political tensions in the Middle East remain unresolved and continue to escalate. - The Federal Reserve's decision to maintain a accommodative interest rate regime has helped support gold prices and alleviate market sentiment pressures. Result: Gold has become a fresh breeze for investors as it gains attractiveness amidst prolonged political tensions and conflicts. On the technical side: - Gold has broken its trendline and experienced a breakthrough, reaching a high of $1996, but it hasn't reached the $2000 mark yet. Currently, gold is slightly retracing to $1967 to retest the breakout area and test the EMA 34 and 89, aiming to establish new highs. The uptrend is still intact and prioritized. Expectations and forecasts for gold prices this week: This week, we will receive a lot of news from October 25th to 27th, with the most important being the speech by the Fed Chairman scheduled for October 25th, which is expected to have a significant impact on gold. If conflicts in the Middle East escalate, precious metals prices may surpass the $2000/ounce mark. Good luck. Karina will constantly update when new information. Click like and follow to receive the latest information!
OANDA:XAUUSD
by Karina_Bella
2
What is special about gold price this week?Hello dear friends. As predicted by Karina earlier, as soon as the gold trading session began, it immediately turned around and declined to the level of 1975 USD. Karina had previously mentioned that after breaking out of the trend channel, gold is likely to return to test the previous breakout area to confirm the official uptrend. Additionally, the price is moving away from the EMA, so it needs to return to that previous area. Therefore, it is normal to see gold rising and then suddenly decreasing in price. Currently, gold is facing resistance at the level of 1980 and based on this possibility, the downward momentum may target support at 1845 USD. After that, the upward trend will officially resume and be established.
OANDA:XAUUSD
by Karina_Bella
7
Analysis of gold’s trend this week Gold has experienced one rally after another this week: Fundamentals of the Palestinian-Israeli conflict, Thursday's Fed Powell speech Rising after continued technical correction There was no new breakthrough when it hit 2000 on Friday. Due to the fundamentals of the Palestinian-Israeli conflict, various countries continued to intervene, the U.S. economy continued to maintain a stable signal, and technically, the gold price needed to be corrected. A series of events such as this led to gold not successfully rising to 2000, otherwise, a new trend will form immediately. From my chart, I can see that gold needs to be corrected downward. Whether it continues to rise depends on whether the price of the corrected support point continues to rebound, and we find that the price range for the downside is sufficient. We need to pay attention to the updated changes in the Palestinian-Israeli conflict over the weekend. Once the risk aversion sentiment is eased, gold will continue to correct downward next week.
FX:XAUUSD
by Krause_Philipp
1
Gold trading strategy: Make sure the victory for next week!Hello dear friends! As predicted by Karina last weekend, the price of gold has successfully reached its target of $1970 and continues to rise. Currently, gold is continuing to increase in value and temporarily closing its trading at an impressive $1980, a very round number. It can be seen that conflicts in the Middle East are ongoing and escalating, along with Federal Reserve Chairman Jerome Powell expressing support for interest rate stability in his speech on Thursday, making gold more attractive than ever. Investors are continuously buying gold as a safe haven amidst the current market instability, pushing the price of gold to its highest level in two weeks. Regarding the future price of gold, Karina maintains her stance on the upward trend as the two peaks (resistance levels) marked on the chart have been conquered. The current target is aiming for a high of $2015. Additionally, the EMA signal still supports the upward momentum, further affirming this breakthrough rise in gold.
OANDA:XAUUSD
by Karina_Bella
4
Gold price today: breakthrough price increaseHello traders! Yesterday, gold received important information from the speech of the Fed chairman, and it reacted strongly as the price continued to rise and is currently trading at $1886, an increase of about $13 in a day, reaching the previously set target of $1970. The recovery of the precious metal is supported by the decline of the US dollar (USD) after cautious comments from Fed Powell, and gold has become a safe haven for investors as tensions in the Middle East continue to escalate. From the analysis chart: The downward trend line has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level of $1980. If it can surpass this resistance level, there is a possibility of further price increases.
OANDA:XAUUSD
by Nolan_Signal
Gold also increased sharply this week?Hello traders! After a tremendous increase in the price of gold last week, reaching an impressive figure of up to 1996 USD, we are now witnessing a slight decline in this precious metal at the beginning of this week. Currently, gold is trading at 1970 USD, experiencing a decrease of approximately 10 USD in a day. From analyzing the gold chart, it can be seen that a new peak is gradually forming at the highest price level in the past two weeks. However, Nolan still holds a positive outlook on the possibility of gold rising. If this is a formation of a Dow pattern, using the Fibonacci retracement tool, the reasonable decline level for gold could be prioritized at 0.618, equivalent to 1926 USD or 1948 usd, and then the upward trend would continue to develop. Another supporting factor for gold is the ongoing tension in the Middle East. Gold becomes attractive to investors who seek to preserve capital amid market turmoil. This leads to massive buying of gold and pushes its price higher.
OANDA:XAUUSD
by Nolan_Signal
Gold is burning with the weekend transactionHello dear friends! The trading week is coming to an end, and how has your trading been? Karina hopes that everything you're doing is going well! Now, here are some analyses from Karina about today's market. Regarding the information impacting gold: - Conflict in the Middle East - Speech by the Fed Chairman on the 19th/20th The results of the information: - The ongoing and escalating conflict in the Middle East has led traders and investors to seek safe-haven assets like gold, causing a significant increase in gold prices. - Federal Reserve Chairman Jerome Powell expressed support for stable interest rates in his speech on Thursday and reduces pressure on gold prices. From the technical analysis chart: - Gold is trading at its highest price in two weeks, reaching a trading level of $1990. The two main resistance levels at $1945 and $1980 have been easily surpassed. - The upcoming target price is $2018, but it is necessary to check for a lower level confirmation to establish a high peak. Additionally, the price is moving away from the EMA zone, and when trading too far from the EMA, it tends to return to the previous range of activity. Therefore, according to Karina, the price will increase in the coming week with a small price decrease that serves as an adjustment before officially forming an upward trend. Karina emphasizes a price level of $2050. What about you? What are your targets and thoughts on gold?
OANDA:XAUUSDLong
by Karina_Bella
5
Gold formed the price increase sample ?Hello dear friends. Today, gold continues to trade steadily around the price range of $1915 after experiencing a strong increase last Friday. From the observed 4-hour chart, we can see that the "Cup and Handle" pattern has formed. It is expected that a slight price decline will occur if the pattern is completed, followed by an anticipated increase with Karina's target set at $1980. What are your thoughts on the market today and for this week?
OANDA:XAUUSD
by Karina_Bella
4
Gold continues to increase the price stronglyHello everyone ! Yesterday, gold experienced a significant price increase and is currently trading at $1940, up approximately 0.08% from the previous day's trading session. Reasons supporting the rise in gold: - Firstly, after the retail sales report yesterday, investors are concerned that the Federal Reserve (Fed) may raise interest rates further, leading to a stronger US dollar and potentially impacting economic growth. - Secondly, political tensions in the Middle East continue to escalate and intensify. Result: - The trend of buying gold as a safe haven for investors continues to increase, with gold experiencing a strong surge and showing no signs of slowing down. Expected gold prices in the near future: - Recently, there have been indications that the Federal Reserve may not raise interest rates in its upcoming meeting at the end of this month. This is also a factor driving gold prices higher. - The market will be influenced by today's news and an important speech by the Fed chairman on October 19th. Technical analysis: Gold continues to trade above both the EMA lines, with the EMA 34 signaling a bullish trend in the upcoming period. The price is approaching the $1950 mark, with the next target being $1970 if the market situation continues to follow this development momentum. GOOD LUCK TO YOU !
OANDA:XAUUSDLong
by Karina_Bella
5