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XAUUSD: 7/3 Today’s Market Analysis and StrategyGold held on to a strong trend on Thursday following yesterday's sharp gains. The U.S. dollar index tumbled to a nearly five-week low on Wednesday after Federal Reserve Chairman Jerome Powell reiterated in congressional testimony that the Fed is still expected to cut interest rates starting later this year even if it is uncertain whether inflation can continue to make progress. International gold closed up 20 US dollars on Wednesday and once exceeded 2,150 US dollars during the session. Market expectations for the Federal Reserve to cut interest rates in June have barely changed. Spot gold prices are on track to close higher for a sixth consecutive trading day, while gold futures have closed higher or near flat on all but two of the past 14 trading days. Gold hit a new record while other precious metals also rose sharply after Federal Reserve Chairman Jerome Powell reiterated that the central bank may cut interest rates this year. Earlier, U.S. ADP data showed that companies increased hiring in February, which also boosted gold prices. At the same time, the competition for gold's long and short positions is fierce, and trading volume shows that long orders continue to increase. The gold market held on to recent gains as Powell reiterated his stance in congressional testimony that interest rates have peaked and are likely to fall this year. However, Powell also maintained a cautious attitude on monetary policy and said that interest rate cuts would not be soon. Gold technical analysis Daily resistance is 2150-2200, support below is 2100-2080 Four-hour resistance is 2150, support below is 2124 Gold operation suggestions: From the four-hour analysis, today's lower support focuses on around 2124. The short-term bullish strong dividing line moves to the 2124 mark. If the daily line falls back below 2100, it may be a sign of the formation of a top. The daily long-short dividing line is 2080. Friday NFP will be a turning point for gold, and there may be a large number of long positions taking profits. BUY:2124 near BUY:2140 near
OANDA:XAUUSDLong
by ActuaryJ
Gold trading opportunities in the US market on March 4 After the U.S. market opens. The US dollar began to fluctuate upward. There is support below for slowing inflation. In addition, there is no major news today, so there is not much change in the market trend. On the other hand, gold remains high. Driven by last week's non-farm payrolls data and geopolitics. Gold has also gone out of an independent market and has been rising sharply. Today, the overall price remains within the range of a minimum of 2079 to a maximum of 2088. There are also some trading opportunities. At present, the overall bullish trend in the market is still more obvious. If short-term geopolitics breaks out, there is a high probability that gold will hit the 2100 or even the previous high of 2146. My opinion is to buy at low prices. The current support below is at 2079. If it falls below the previous support. At that time, the support position can be lowered to the 2077-2073 line. Then continue to focus on buying. VELOCITY:GOLD MCX:GOLD1! CAPITALCOM:GOLD TVC:GOLD ACTIVTRADES:GOLD NCDEX:GOLD PANCAKESWAP:GOLDUSDT_6E8688 Transaction prices mentioned in the article. Use the price of gold in TradingView as a reference. The above are my personal trading ideas. Hope it helps some traders who don't know how to trade.
TVC:GOLDLong
by T0_messenger
XAUUSD:5/3 Today’s Analysis and StrategyOn Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve. With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have piled into gold, which is within striking distance of a record high. Intraday gold prices exceeded 2020 and were close to the all-time high of 2144 set in early December last year. At the same time, central banks of various countries are actively increasing gold reserves. IMF data shows that India increased its gold holdings by 7.812 tons in January 2024 to 811.417 tons. Gold prices suffer when the U.S. adopts higher interest rates to curb inflation, boosting returns on competing assets like bonds and boosting the dollar, making the precious metal more expensive to buy with foreign currencies. Gold technical analysis Daily resistance is 2150, support below is 2100 Four-hour resistance is 2150, support below is 2100-2080 Gold operation suggestions: Judging from the daily analysis, today's lower support is focused on around 2100-2080, and the upper target is still focused on breaking high. The short-term bullish strong dividing line has moved to 2100. Gold is currently expected to have a high probability of breaking through a new historical high. BUY:near 2100 BUY:near 2080
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 4/3 Monday analysis and strategyGold broke out like crazy last week. At the beginning of the week, the overall price maintained a volatile pattern around 2030. Last Thursday, it rose to 2050 due to PCE data that was in line with expectations. Last Friday, it reached a higher level. Under the influence of weak US data, it soared by nearly 50 US dollars, once reaching 2088, and finally closing at 2083, hitting a record high. It closed up 2%, the largest increase in two and a half months. Gold is building bullish momentum, hitting its highest level since early February on Friday above $2,050. Gold's near-term technical outlook offers encouraging signs for buyers, but investors may ignore the technical picture as they react to this week's U.S. February labor market data. Looking at this week, on Tuesday, the ISM Services Purchasing Managers Index (PMI) will be a bright spot for the U.S. economy. The overall PMI is expected to remain above 50 in February, highlighting the continued expansion of business activities in the service industry. The price payments index in the Purchasing Managers' Index (PMI) jumped to 64 in January from 56.7 in December, indicating accelerating input cost inflation. A similar increase in the inflation component in February could boost the dollar and put pressure on gold's gains. Gold technical analysis Daily resistance is 2088-2100, support below is 2066-53 Four-hour resistance is 2088, support below is 2066 Gold operation suggestions: From the daily analysis, the lower support today is focused on around 2066-70, and the upper target is still focused on breaking through the high point. The dividing line for short-term bull strength has moved to 2050. The daily level is above this position, and bulls continue to be strong. BUY:near 2068 BUY:near 2050 BUY:near 2100
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut. The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies. At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest. Gold technical analysis Daily resistance is 2053, lower support is 2015 Four-hour resistance 2053, lower support 2038-26 ✅Gold operation suggestions: Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range. Pay attention to the dividing line between long and short in 2038 SELL:near 2053 SELL:near 2038 BUY:near 2038 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week. The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday. Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years. Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, lower support 2015 Gold operation suggestions: Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times. SELL:near 2041 SELL:near 2015 BUY:near 2000
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 27/2 Today’s Analysis and Strategy gold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2037-40, lower support 2015 Gold operation suggestions: Today, the upper resistance continues to focus on last Friday's high around 2040-42, and the lower support focuses on around 2020-15. According to this range, we will continue to sell high and buy low. In the short term, there is a high probability that time will be exchanged for space to continue the long and short narrow range operation. SELL:near 2041 SELL:near 2015 BUY:near 2000
OANDA:XAUUSD
by ActuaryJ
XAUUSD:23/2 Today’s Analysis and StrategyGold technical analysis Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the short-term support of 2010 today. If 2010 falls below, it may test 2000, and then continue to focus on the suppression of 2025 above. The daily level is 2037-2040. If the daily long-short boundary does not break through 2037, we will continue to be bearish. , continue to rely on this range to sell high and buy low during the day. SELL:near 2025 SELL:near 2010 BUY:near 2000
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD:22/2 Focus on the 2020~2040 rangegold technical aspect Daily resistance 2037-40, lower support 2000-1966 Four-hour resistance 2033-37, lower support 2020 Gold operation suggestions: From a four-hour perspective, we will first focus on the short-term support of 2020 today. If it does not break here for four hours, we can go long in the short term, and then continue to focus on the suppression of 2033 above. The daily level is the resistance of 2037-2040. If the NY market reaches it, we can participate in short positions. SELL:near 2041 SELL:near 2037 SELL:near 2033 BUY:near 2020
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 20/2 Today’s analysis and strategygold technical aspect Daily level resistance 2029-2037, support below 2000-1966 Four-hour resistance 2020-2031, support below 2011 ✅Gold operation suggestions: From the four-hour analysis, today's lower support is still focused on the vicinity of 2011, and the upper pressure is in the 2020-2025 area. The daily level long and short dividing line is 2037. The daily level is still in a short trend before it breaks through and stands above 2037. SELL:near 2037 SELL:near 2030 SELL:near 2023 BUY:near 2011 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Gold royalty streamers oversoldAs a group, gold royalty streaming companies reacted negatively to the drop in gold price on February 13, 2024. This movement was triggered by US CPI for February printing slightly higher than expected by consensus, on the index and also MoM and YoY readings. Reaction was an immediate spike in TVC:DXY and commensurate selloff in FX_IDC:EURUSD . This dragged risk assets down, with equities markets getting hit. TVC:GOLD also lost more than 1% in lockstep reaction. The opportunity here is in the unwind of yesterday's outsized movement amongst the gold royalty streaming companies as a group. While some have performed better than others over the past year, they were all punished on this move. Typical drawdown was 10% on the day . For consideration: A) a short term buy of one of these names and holding to pre-CPI price level, or B) a longer term entry for those with a bullish view on gold and appetite for leveraged exposure and desire for dividend income.
TSX:SSLLong
by StrobeT
1
XAUUSD: 14/2 Today’s Analysis and StrategyGold technical chart, the pressure above the daily line is 2045, support is 2000-1966 Four hours, the upper pressure is 1997, support is 1966. One hour upper pressure is 1997, support is 1988 Operational suggestions: From the daily analysis, the short-term pressure above today focuses on the resistance level of 1997-2000, the dividing line between long and short is 2020, and the support below focuses on 1972~1966. SELL:near 2000 SELL:near 1988 BUY:near 1966
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD: 8/2 Today’s Analysis and StrategyGold technical chart, 1-Day pressure 2040-2053, lower support 2020-2000 4H pressure 2034-2040, lower support 2029-2020 1H pressure 2034, lower support 2028 ✅Operational suggestions: Gold continues to maintain range fluctuations. Today, the top price continues to sell around 2042. The short-term support below focuses on around 2028-30. The bottom focus range is around 2015-10. Try to go long with light positions. SELL:near 2040 SELL:near 2020 BUY:near 2010 BUY:near 2000 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 5/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2053-40, support below 2020-2000 Four-hour pressure 2029, support below 2020 One-hour pressure is 2030, support below is 2012 Operational suggestions: Gold opened weak today, and the willingness to fluctuate in the range in the near future is relatively serious. It is very likely that it will remain in the range. For us, it is better to continue to fluctuate and operate with a bearish approach. SELL:near 2050 SELL:near 2040 SELL:near 2020
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 31/1 Today Analysis and StrategyGold technical chart, daily pressure 2040-2053, support below 2000-1966 Four-hour pressure 2040-53, support below 2020 One-hour pressure is 2040, support below is 2030 Operational advice: The Federal Reserve announces its interest rate decision and Powell holds a press conference. It is the last day of this month. Trade with caution today! Gold bulls try to counterattack, focusing on the first-line pressure at the 2053 mark during the day SELL:near 2050 SELL:near 2040 SELL:near 2020 BUY:near 2053
OANDA:XAUUSD
by ActuaryJ
XAUUSD:29/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2025, support below is 2012-2000 Operational suggestions: Today's morning opening opened slightly to 2028 under the influence of the weekend news. This position is also an important resistance level today. Counterattacks during the day will continue to focus on 2032. The short trend remains unchanged. The short-term short-term weak dividing line is 2040- 43. Any counter-draw before the intraday level breaks through and stands on the 2032 line is a short-selling opportunity. The main tone of participation remains unchanged. SELL:near 2040 SELL:near 2032 SELL:near 2020 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 25/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2025, support below is 2012-2000 Operational suggestions: Yesterday, gold hit the lowest level of 2012, a small support. Analyzing from today's daily line, above gold, we focus on the 2025-2032 first-line suppression, and below, we focus on the 2000 first-line support, and we still focus on rebound short selling. sell:near 2032 sell:near 2025
OANDA:XAUUSD
by ActuaryJ