advances to near $2,055 as US yields declineHere is what you need to know on Monday, January 15:
• Gold price gains ground on risk-averse sentiment due to the Red Sea situation.
Israel-Gaza conflict intensified after Houthi attacked a US Navy vessel.
• US Treasury yields contribute to downward pressure on the US Dollar.
Barclays revision of the Fed rate cut has changed market sentiment.
Gold prices continue to advance for the third consecutive day on Monday, trading higher and reaching around $2,055 per troy ounce during the Asian session. The upward movement in the price of the yellow metal is attributed to the risk-averse due to the geopolitical tensions in the Middle East, coupled with the speculation regarding potential rate cuts by the Federal Reserve (Fed) in March.
The concerns over the escalation of the Israel-Gaza conflict have intensified, especially after Iran-led Houthis fired an anti-ship cruise missile at the USS Laboon in the Red Sea on Monday. This development has contributed to increased demand for gold prices, a traditional safe-haven asset during times of heightened geopolitical uncertainty. Market participants remain vigilant for potential impacts on shipments in the Strait of Hormuz while closely monitoring Iran's response to recent geopolitical developments.
The US Dollar (USD) hovers around 102.40 with a negative bias, influenced by the decline in US Treasury yields, possibly triggered by the softer Producer Price Index (PPI) data from the United States (US). The DXY has trimmed its intraday gains as a result of the drop in US Treasury yields. The 2-year and 10-year yields on US bond coupons trade lower at 4.14% and 3.94%, respectively, at the moment.
Additionally, Barclays revised its forecast on Friday for the first Federal Reserve rate cut, moving it to March from June. This change in outlook has shifted market sentiment towards expectations of an easing monetary policy by the Fed, putting downward pressure on the Greenback. In a note released on Friday, analysts from Barclays expressed their expectation for the Federal Open Market Committee (FOMC) to reduce the Fed Funds rate by 25 basis points at the March meeting.
Goldman_analysis
Select the direction around the gold key point 2048 priceGold market analysis
Yesterday's gold bears are very fierce, directly fell to the strong support of the 2030 day line, market fluctuations are actually in our expectations, you can look at yesterday's analysis, we clearly told you that the gold bears will be strong, the morning 2064 directly dried out, the evening rebound 2049 again empty, and inform you in advance that 2030 bulls will desperately rebound, Estimated point accuracy to doubt life, today's gold rebound will fall again, will be in the game 2030 strong support, the daily shape is already short, the rebound is an empty opportunity, but also fell below last week's gold low, if the following two days of data without accident, the gold top will appear in this week's weekly line.
Gold today focuses on the position of 2048, this position is in fact an hour level of suppression, but in the current situation it is also difficult to break, the large form of pressure has been under 2057, the position is not broken later, the bulls have no chance to turn over, and the daily line this wave will show the goal of 2000 development
Pressure 2048 2057, support 2030, disk strong and weak water line 2048
Gold -- around 2048
sell
Goals 2030-2015
Gold is still bullish todayWe were very sure of the bullish trend in yesterday's market. In yesterday's analysis, we also told everyone with great certainty that the short-term shock will end and bullish gold will break through 2070. The current performance is completely in line with our expectations. The long orders we placed in 2062 made us profit. It’s very rich. Today’s thinking is still to continue to be bullish. The daily line has already stood above 2070, which has opened up new room for growth. It has also formed an upward breakthrough pattern for the big cycle. This wave of upward breakthrough bulls’ target is pointing at 2144. In the short term, we We don't predict the top, nor do we try to intercept the trend, but we constantly look for opportunities for bulls to get on board.
The hourly chart shows that 2075 is a small support, and the period around 2070 is already a big support. Today’s 2075-2070 is the divide between long and short. If the price is above 2070, we insist on watching the strong bulls, or we can boldly pursue the longs. This way The possibility of a strong backlash is extremely small, but the possibility of continuing to refresh is very high.
Support 2070-2075, strong support 2055, pressure 2088, 2100, and the dividing line between strength and weakness on the market is 2075.
Gold----near 2070
buy
tp: 2088-2099
Gold back to 2024 buy!Gold Analysis and speculation:
On Monday, gold stepped back in 2015.8, no less than the shock rose to 2033.5 and then fell back to 2024.9, the daily line closed positive line, the daily line did not break the daily line and the possibility of rising
If gold does not continue to be bullish in 2024 at night, focus on 2038-2047 above; If gold breaks down 2024 look down 2010-2000;
Focus point:
(1) Consider buying near 2024, and focus on 2038-2047;
If the next break 2024 look back on the step; sell
(2) If you directly break 2034, consider chasing more, and focus on 2038-2047;
(3) Consider shorting near 2047, and focus on 2040;
Easily profit nearly 12 pips in gold tradingToday I mainly gave two trading ideas in the channel: one is that if gold fails to fall below the 2020 position, then gold may rush higher again, so the first trading signal I announced today is to go long gold near the 2025-2026 position, TP: 2031; The second is that I have been on the channel for the last two days to remind everyone that the short-term resistance of gold is in the 2040-2042 area, and you can short gold around this area, so the second trading signal I announced that is to short gold near the 2040 position, TP: 2031; The second is that I have been on the channel for the last two days to remind everyone that the short-term resistance of gold is in the 2040-2042 area, you can short gold around this area, so the second trading signal I announced today is to short gold near the 2040 position, TP : 2033.Obviously, in these two transactions, gold successfully hit TP, so we currently have a total profit of nearly 12 points.
According to the current gold trend pattern, gold is still in the process of adjustment, and it has not been continued in the local rebound, so I still advocate shorting gold at a high level. At present, the short-term resistance above is in the 2040-2042 area.However, the buying support below is still strong. As long as gold stays above 2020, it is still possible for gold to rise again.Therefore, we must set reasonable TP in trading to help us make profits in time and prevent profit-taking.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the exact rhythm of trading, you can execute it according to my trading ideas.I will post my trading ideas every day, and I will also post free trading signals on time.Many friends have very helpful feedback.If you want to learn the logic of market trading, or you want clear trading signals and get more profits, I can satisfy you, be sure to follow the bottom of the article to view the details!
GOLD 4H : Waiting for CPI News GOLD
New forecast
Gold prices remained stuck in a narrow range, today, Tuesday, as it stabilizes near the level of 1945 Dollar per ounce, as investors await the release of consumer price index data in the United States today.
Keep an eye out for important data
Market participants around the world are awaiting US CPI data scheduled for Tuesday, and Producer Price Index data scheduled for Wednesday.
CPI scenario
If the result released above expectation it will be positive for Dollar and negative for Gold and Indices .
If the result released under expectation it will be negative for Dollar and positive for Gold and Indices .
If the result released as expectation it will be negative for Dollar and positive for Gold and Indices but not very significantly .
Technical abstract :
The price perfectly fulfills my last idea and price reached to our first target +60 pip .
The price of gold traded with noticeable positivity after it found strong support at the 1932 level, to test the sub-resistance of 1947, which constitutes a negative incentive that makes us expect a bearish bias during the coming sessions, waiting to test the 1932 level again, remembering that breaking it will push the price to 1916 and 1911.
Therefore the downtrend scenario will be remain valid and effective during coming period supported by Moving average 50 that is continues to support the proposed bearish wave, taking into account that consolidation above 1947 will lead the price to achieve further gains and test the 1962 level as a major positive station. so we will have two zone for sell today 1947 if price break and stabilized above it , it will force the price to rise to reach 1962 and then dropping ,
The expect range trading for today it will be between resistance line 1962 and support line 1932 until stabilized .
Additionally , Today News will affect on the market .
support line : 1932 , 1916
resistance line : 1947 , 1962
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Golden Wednesday signal sharing
As the war confrontation weakened, the impact of gold changed from the impact of war to the impact of interest rates.
The FOMC did not discuss a rate cut. At present, economic inflation in the United States is still too high, and the data seems to be moving towards 3% rather than 2%. Therefore, Fed Governor Bowman also said that further interest rate increases are still expected.
The current fundamental news released does not seem to be conducive to the rise of gold, but bull investors do not need to panic too much. The extent to which the fundamentals affect the market depends on the intensity of digestion.
From a technical perspective, yesterday gold fell from 1978 to 1955 and then returned to around 1970. We can observe the buying and selling candles of 1970 and give an operating range:
sell:1972-1974 tp1962-1958
I will update more trading signals and trend analysis, please join me if you need it.
Gold Friday Trading Strategy
Gold tested the upper pressure point of 1992 again yesterday, and then fell to 1979. At present, it seems that gold will not break through 1992 and will still fall. Today's US non-farm data and US unemployment data will cause large fluctuations in gold prices. , if the upper suppression point is still strong, we will look at 1966 below and give everyone’s temporary operation strategy:
sell:1992-1988 tp1978-1975 sl1995
If gold breaks through 1995, consider buying gold backhand
If you want more analysis and signals, please join me.
GS Goldman Sachs exposure to Circle and USDC !!!Goldman Sachs has been a significant investor in Circle since the company's early days.
In 2015, Goldman Sachs participated in a $50 million funding round for Circle, alongside other investors such as IDG Capital Partners and Breyer Capital.
This funding round was notable for being one of the largest investments in a bitcoin company at the time.
Since then, Goldman Sachs has continued to support Circle, participating in subsequent funding rounds and providing assistance with the development and adoption of Circle's products.
In particular, Goldman Sachs has been involved in the development of Circle's USDC stablecoin, which is pegged to the US dollar and used for a variety of purposes, including facilitating international payments and enabling decentralized finance (DeFi) applications.
In addition to its investment in Circle, Goldman Sachs has also shown interest in other areas of the cryptocurrency industry.
In 2018, the investment bank announced plans to launch a bitcoin trading desk, although these plans were ultimately put on hold due to regulatory concerns.
Nevertheless, Goldman Sachs has continued to monitor the cryptocurrency industry and explore opportunities for involvement in this rapidly evolving market.
And I think there are new information about to be revealed about Goldman`s investments in Circle and cryptos!
If you want to buy Puts, here are my favorites:
2023-6-16 Expiration Date
$310 Strike Price
$14.40 Premium
Looking forward to read your opinion about it!
Goldman Sachs extends gains - AnalysisGoldman Sachs' stock (GS) rose in the intraday levels, with the bank expected to launch a large scale cut to the workforce this week, amounting to 3200 jobs, with the stock rising 1.41%, or 4.92 points in the last session, settling at 353.00, with trading volumes approaching 2 million shares, above 10-day averages of 1.5 million shares.
Technically, the stock is attempting to recoup some recent losses, buoyed by positive signals from the RSI after reaching overbought levels, with negative pressure from the 50-day SMA.
Therefore I expect the stock to return lower, targeting the support of 328.67, provided the resistance of 358.47 holds on.
Goldman Sachs Group Analyze 🦀!!!Goldman Sachs Group succeeded in making a Bearish 🦀Crab🦀 Harmoni Pattern near the resistance line.
I expect that Goldman Sachs Group will lose at least 15% of its value.
The 🎯target🎯of this downtrend can continue at least to the trend line.
Goldman Sachs Group Analyze (GSUSD), Timeframe 1H⏰(Log scale).
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Expected Key Points Goldman Sachs 12 May 2022Godman Sachs 12 May 2022
The current implied volatility is at 46.4%/year
So that converted into daily is 2.92%
The close of yesterday was 301.55
So based on that our channel for today is going to be compressed within
TOP 310.5
BOT 282.5
with a probability chance of 78.2% based on the last 3007 candles
From fundamental point, today we have
PPI and initial jobless claims releases and these mark a huge volatility moment
At the same time the current values are expected to be bearish.
Goldman Sachs Group Inc potential reversal!Goldman Sachs Group Inc expected to rise up to 1st resistance at 211.72 where it could potentially react off and drop down to 1st support at 183.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Goldman Sachs Earnings Pop? Hey guys, quick disclaimer; I am a novice technician but I'm here to learn!
I'm playing some $210 call options for Goldman Sachs earnings.
Goldman to me, has more upside potential in the financials vs. JPM or BAC. And with the onslaught of IPOs it should be a forgone conclusion their revenue/earnings should be boosted in that environment. The SPY appears to want to make another attempt at all time highs so I've shifted my view to GS for a catchup trade with GS.
Feel free to give me your thoughts on the trade or the chart analysis.
Thanks!
-R
Goldman Sachs - The Vampire Squid GS is currently trending down until the highs on the chart are gained.
Very well respected fib on the chart. Here is the fib zoomed out -
I wouldn't be surprised if the gap was filled or the 786 was tested for support.
If the 0.618 is broken then a move to the 0.5 or 0.382 is on the cards.
Buy Goldman Sachs american stocks after hitting monthly demandGoldman Sachs GS american stock buy opportunities after reaching monthly demand level around 157. This monthly demand imbalance has gained control after a strong drop for a few months.
New weekly demand level is being create at $178 as a reaction to monthly demand level, shorts are not allowed on this stock. Long term long bias with bigger picture uptrend on all bigger timeframes. Very strong reaction on the monthly off that M demand level.
We don't really care what the fundamentals are saying about this american stock, we don't care if BlackRock and Goldman Sachs Asset Management both plan to temporarily move some British-based fund managers to New York in the event of a no-deal Brexit, two sources told Reuters. Or if neither of the firms, who together employ more than 10,000 people in London, expects a chaotic exit that would force them to carry out the emergency relocation, the sources said.
Goldman's asset management business GSAM, with 50 managers in London, has plans to send "a handful" to the U.S. financial capital until a framework is in place, the second source said, adding they too would eventually relocate to the euro zone.
Goldman Sachs has reached a bigger timeframe demand level, it's time to buy with a clear long term long bias, no need to pay attention to what the fundamentals are saying. Buy opportunities being created on weekly and daily imbalances on Goldman Sachs NYSE american stocks.
Goldman Sachs | Outlook & Earnings bearishLooking at Goldman Sachs chart.
The SQZ indicator continues to turn hard green. Indicating further down side.
The stock has been ascending on descending volume. Bearish sentiment.
The MacD is about to have a bearish crossover.
The chart follows the bearish sentiment that is seen across the market.
Goldman Sachs respecting support line longThe chart says it all really, another bounce off our key support line.. we are long on this position
TP and SL are reserved for our clients.