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XAUUSD - Gold rebounded due to the Fund, is it possible to sell?On the night of November 20, today's spot gold price on the world market stood around 1,973 USD/ounce. Gold delivered in December on the Comex New York floor was at 1982 USD/ounce. The world gold price on the night of November 20 was about 8.2% higher (149 USD/ounce) compared to the beginning of 2023. World gold tends to continue last week's increase after inflation in the US cooled down. It is likely that the US Federal Reserve (Fed) will soon reverse monetary policy and reduce interest rates. This week, the Fed will release the minutes of its monetary policy meeting. Market signals show that the Fed will almost certainly keep interest rates unchanged at its December policy meeting and will likely maintain it at 5.25% - 5.5% until June next year. The USD on the world market decreased quite quickly. The DXY index - measuring the fluctuations of the greenback against a basket of 6 major currencies, dropped sharply from 104.1 points at the end of last week to 103.6 points at the beginning of the trading session on November 20 on the US market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Gold trading strategyMany experts predict that the US economy may fall into recession this year due to the rapid pace of interest rate increases. However, the world's largest economy is surprisingly strong. In its statement, the Fed emphasized that the US economy was still growing strongly in the third quarter, the unemployment rate was low and the banking system was resilient. This has strengthened the possibility that the US will achieve a "soft landing" as the Fed is curbing inflation without harming the economy. Although the Fed left interest rates unchanged after its monetary policy meeting, Fed Chairman Jerome Powell said it was unclear whether the committee was done raising rates. The world's most powerful central bank president also added that the committee remains focused on bringing inflation down to its 2% target. Some experts assess that although the Fed maintains its tightening trend, that stance is not "hawkish" enough to worry the gold market as prices keep high levels below 2,000 USD/ounce. Although the Fed is still pursuing a "hawkish" policy, it is not enough to spook the market, said Edward Moya, senior market analyst at OANDA. This expert further noted that concerns related to the Israel-Hamas conflict may have more impact on gold than the Fed's monetary policies.
TVC:GOLDLong
by FalCol_TradingMaster
GOLD Analysis 9Sep2023 If you see the movement of gold, there is no sign of bullish, the price increases is still possible because of the correction from the bearish and next week it is still most likely the price will continue the trend bearish. I look for a strong support area and the area is also accompanying with Fibo Retracement at the level of 0.236 Previous analysis I shared on the Hokusai Channel. This analysis continued what I shared on my channel, you can see my channel and follow it for free.
PEPPERSTONE:XAUUSD
by Hokusai_FX
1
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August. Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel. Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963. If the 1935 fails to support the bears, the price could fall further to 1925.
OANDA:XAUUSDShort
by AbeikuGlobal_FX
1
GoldViewFX - 4H Chart updated LEVELS and TARGETS.Hey Everyone, Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels. Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels). The switchover has been measured level to level with the Goldturns providing the support, rejection and breakouts inline with the channel levels and half-lines to ride this wave. Price is now bouncing between 1948 Goldturn and 1963 Goldturn. If 1948 also inline with the half-line continues to support the price we are likely to see a 1963 test. A cross and lock above 1963 will open a test to the channel top. If 1948 breaks below we are likely to see the full retracement into the channel bottom to look for stronger support. A break and lock below the retracement range will open the swing range. Failure to lock below the retracement range will follow with a continuation above. We will continue with our plans to buy dips and track the movement level to level using ema5 cross and lock on our updated Goldturn levels. Our long term projection still remains Bullish. BULLISH TARGETS 1963 EMA5 CROSS AND LOCK ABOVE 1963 WILL OPEN THE FOLLOWING BULLISH TARGETS 1976 AND POTENTIAL 1993 AT A PUSH. BEARISH TARGETS 1948 1936 EMA5 CROSS AND LOCK BELOW 1936 WILL OPEN THE SWING RANGE SWING RANGE 1917 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
XAUUSD - IDEAS AND OVER VIEWS WHAT TO DO COMING WEEKHere is quick understanding about gold Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day. As per the current situation the resistance level that is coming ahead is $1963, followed by $1972. There is a good chance to sell from $1972 for at least 8$-10$ target. If by any chance gold breaks $1972 we can then aim for 1984$. On the other side, if gold depletes, it is advisable to go for long positions from 1952$ or even 1940$, with the target to 1962$- 1972$. resistance point - 1962, 1972, 1984 support point - 1950 -1940 - 1920 What do you guys think ?
FXOPEN:XAUUSD
by Subliminalroots
1
GOLD Analysis 7July2023looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline. This trendline forms a downtrend channel. I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction. looking at the last 5 candles (last 5 days) that tried to break the resistance and failed, there is a possibility that the price will go down first.
FXOPEN:XAUUSD
by Hokusai_FX