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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
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