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Gold increased sharply, exploded every hourHello dear friends! Yesterday gold received important information from the speech of the Fed chairman, and gold reacted strongly as prices continue to rise and are currently trading at $1878, achieving our previous target of $1970. The recovery of the precious metal is supported by the decline of the US dollar (USD) after Fed Powell's cautious comments, and gold has become a safe haven for investors. From the analysis chart: The downward trendline has been completely broken, establishing a new upward trend. Currently, gold is operating at a strong resistance level at $1980. If it can break through this resistance level, there is a significant possibility of further price increase. Additionally, the EMA signal is gradually turning bullish, confirming the target price increase. The current support level is at $1945, and Karina has set her targets at $2018, $2035, and finally the peak of $2050. What about you? What are your goals?
OANDA:XAUUSDLong
by Karina_Bella
2
XAUUSD - World gold shows no signs of cooling downThe radiant world gold price has now increased sharply with spot gold increasing by 25.8 USD, increasing to 1,972.7 USD/ounce. Gold futures last traded at $1,985.40 an ounce, up $17.10 from the bright spot. The gold market continues to benefit as the Israel-Hamas conflict continues to intensify. In this bright trade, gold held on to gains despite Federal Reserve Chairman Jerome Powell reiterating that interest rates will have to be higher for longer. The head of the world's most powerful central bank also emphasized making a commitment to reduce the 2% target. Although the Fed remains committed to achieving the emission target, experts say that, given instability, the key value will increase rapidly at 2,1000 USD/ounce. Since the conflict in the Middle East began, safe haven demand has helped gold rise to nearly $120. Sean Lusk, co-head of commercial risk at Walsh Trading, said that seasonal factors such as wedding season, holiday season, and Valentine's Day are not relevant in the current environment. Now, macroeconomic data and geopolitical instability are the factors that dominate gold's short-term direction. The US picture also continues to deteriorate in some aspects, he said. The latest CPI and PPI reports from last week as well as retail sales numbers from Wednesday all show results are returning, Lusk explained.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold - continue to increaseHello dear friends! Today, the price of gold is fluctuating around $1,950 after retreating from its two-month high of $1,962 in early Thursday trading. The recovery of the precious metal is bolstered by increasing geopolitical tensions in the Middle East, which are driving safe haven flows. In the short term, the 4-hour chart indicates a potential downward correction, with a expected retreat to the support level of $1,926 (where the 34 EMA is acting), although it also shows that the upward trend in XAU/USD is still intact. Support levels: $1,938, $1,926, $1,912. Resistance levels: $1,962, $1,978, $1,987.
OANDA:XAUUSDLong
by Karina_Bella
2
Gold price today: Latest update!Hello dear friends! Today, gold continues to trade in an upward direction. The increasing risk of war can be seen. These risks are also reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the next few meetings. Therefore, we are witnessing a strong recovery in gold. Currently, on the 1-hour time frame, although gold is trading relatively calmly, the possibility of price increase is still being reinforced steadily. The EMA signal, along with the upward trend, supports the rise of gold. The price target of reaching the $1975 area continues to be emphasized.
OANDA:XAUUSDLong
by Karina_Bella
XAUUSD - Gold reversed and strengthenedWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time). Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit. De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce. Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gol
OANDA:XAUUSD
by FalCol_TradingMaster
Gold increases as uncertain, need to check again!Hello traders! Today, gold is still trading at a high level around the $1948 mark and is currently facing immediate resistance at $1970. It can be observed that after breaking out of the downward trend, gold has yet to experience significant breakthroughs in trading. It is expected that there will be a slight decrease to test the previously broken-out area before the upward trend is officially established and a new peak is formed at higher price levels.
OANDA:XAUUSD
by Nolan_Signal
Gold price is sustainable developmentHello traders! Today, we continue to see a positive trend for gold as it continues to move upwards after receiving favorable news from the market yesterday. The price has made a new breakthrough, jumping from $1913 to $1938 in early trading today. From the observation of the chart, we can see that gold has broken the downward trend with a breakthrough at $1913. With the tense situation in the Middle East, gold is still seen as a safe haven by investors. Therefore, the target for further price increase is strengthened, aiming for two important long-term levels at $1980 and $2050, as shown in the chart above.
OANDA:XAUUSD
by Nolan_Signal
Gold hits fresh monthly highs above $1,940Hello dear friends! The price of gold is consolidating its strong upward trend, reaching a new monthly high of $1,940 at the start of Wednesday. Increasing political tensions between Israel and Hamas, along with positive economic data from China, have boosted the demand for the precious metal. The next resistance level can be seen at the highest point on September 20th, which is $1,947, above which the highest point on September 1st, $1,953, will be tested. Sustained upward momentum beyond this level could propel a new upward trend towards the range of $1,970 - $1980. Further south, the previous day’s low of $1,912 will be on Gold sellers’ radars.
OANDA:XAUUSDLong
by Karina_Bella
1
Gold continues to grow according to the goal of 1970 USDHello dear friends, So today we are once again witnessing the shining performance of gold as the precious metal continues its upward journey of development. At the time of writing, gold is trading at $1948, with a total increase of $25 in the day and +1.33%. From the analysis chart, it can be seen that gold is rising in price and has now reached the upper limit of the Bollinger Band range, so there may be a slight downward movement in the short term, expected to find support at $1925. Karina still highly values long-term increases and aims for $1970. What do you think about the price of gold this week?
OANDA:XAUUSDLong
by Karina_Bella
Gold remains depressed on positive risk toneHello traders! Gold is currently trading at $1920 and remains unchanged from this morning's trading. Immediate support can be seen at the low of the previous day, which is $1908, and below that, $1900 will be tested. If gold does not stabilize around this level, the price retreat may extend to $1880. However, with the Relative Strength Index (RSI) indicator held comfortably above the midpoint for 14 days, gold buyers may find lower bid prices. As long as the strong support level mentioned above at $1900 remains intact, gold is forecasted to reach the significant level of $1930. Furthermore, the three-week high of $1933 may be retested on its way to reaching the highest level on September 20th, which is $1947.
OANDA:XAUUSD
by Nolan_Signal
Gold price continues to increase, current buying strategyWorld gold prices this morning reversed to increase slightly with spot gold increasing by 4.3 USD to 1,924 USD/ounce. Gold futures last traded at 1,937.2 USD/ounce, up 2.9 USD compared to yesterday morning. Despite stronger-than-expected US retail sales data and rising US Treasury bond yields, world gold prices in the evening session of October 17 (Vietnam time) still maintained a modest increase. obtained before. The newly released report shows that US retail sales in September increased by 0.7% during the month, a sharp increase compared to market expectations of 0.3%. The report boosted US Treasury yields and favored those with a hawkish view of US monetary policy, wanting to see interest rates rise more in the coming months. Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides. Currently, investors are looking forward to the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the comments. Recent dovish comments from some Fed officials. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, Millman added, even if we don't get any rate cuts anytime soon.
OANDA:XAUUSDLong
by FalCol_TradingMaster
New trading strategy for gold: increase prices to new high levelHello comrades, Today gold continues to trade around the 1913 USD mark with not much change compared to yesterday. From the 1D chart analysis, it can be seen that gold, after a strong price increase last Friday, is showing signs of price retesting after breaking out of the downward trend at 1910 USD. Currently, the immediate target for gold is gradually approaching the 1905 USD area (close to the operating area of EMA 34 and 89). If this target is achieved and gold maintains stable trading levels there, a new upward trend will occur with the nearest target at 1936 USD, followed by a higher peak at 1980 USD.
OANDA:XAUUSDLong
by Nolan_Signal
Gold price today: Buy it massively!Hello dear friends! Today, XAUUSD is trading at the level of 1917 USD and there haven't been many changes compared to the previous trading session. From now until the end of the week, the gold market is quite calm, as there is little macroeconomic data from the US being released. Currently, we need to wait for information from the Chairman of the Federal Reserve, Jerome Powell, on October 19 when he speaks at the Economic Club of New York. It is expected that in the near future, the long-term downward trend of gold will continue. Political uncertainties continue to be factors driving the upward momentum of gold. It is anticipated that by the end of this week, the price of gold will trade in the range of 1,900 to 1,950 USD/ounce.
OANDA:XAUUSDLong
by Karina_Bella
4
GOLD - Gold long-term trading strategyThe radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot. World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect their assets. Although gold decreased in the first trading session of the week, this precious metal is still at a price of 1,900 USD/ounce. Gold, often used as a safe store of value in times of political and financial turmoil, rose 3.4% last Friday. This was the largest increase in seven months due to strong safe-haven demand and short-term liquidity. In the long term, gold is still supported by many factors, including purchasing activities of central banks. According to Bart Melek, commodity strategist at TD Securities, strong and sustained gold buying activities by central banks have created a solid foundation for gold prices recently and will be the main driver of metal supply. quarter to a new all-time high in the new year.
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD -Gold tends to decrease slightly, should you buy or sell?Last night - early this morning, investors continued to run out of gold as this asset increased in price for 5 sessions last week, up more than 5%, despite the sharp decline in the USD and geopolitical tensions in the region. The Middle East has not cooled down yet. The world's largest gold mining product SPDR version on October 17 still surprised with a net sale of up to 6.92 tons of gold. Since the beginning of October, this place has net sold up to 7 versions and only had 2 slight net buying versions. SPDR's buying level since the beginning of the month is only 1.8 tons of gold, while net selling is up to 20.19 tons of gold. Introducing the end of the golden month, because the report will be stronger than expected in the US, creating forecasts in the market that the Fed will raise interest rates again at its meeting in late October and early November next and maintain best. slower than forecast. Experts say that, as the USD remains at a 16-year high, the opportunity cost for gold trading increases. Meanwhile, the world's number one country in gold consumption, China, is still gloomy and will find it difficult to boost gold prices further.
OANDA:XAUUSDLong
by FalCol_TradingMaster