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XAUUSD: 6/5 Today’s Analysis and StrategyDuring the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased. Although the employment data reinforced expectations that the Federal Reserve will start cutting interest rates this year, which should support non-yielding gold, it has instead prompted investors to move to riskier assets. Driven by the outbreak of tensions in the Middle East and strong central bank buying, gold prices hit a record high of $2,431 in April. Since then, the safe-haven gold has fallen 5.7%, or about $140. Investors will pay close attention to speeches from Federal Reserve officials this week, as well as the preliminary University of Michigan consumer confidence index for May to be released on Friday. In addition to speeches by Fed officials and U.S. economic data, investors will continue to pay close attention to developments in the Middle East. If tensions escalate, the resulting safe-haven buying will provide support for gold prices. Gold Friday's NFP reached the expected value and was significantly bullish. The volatility adjustment range was large, and roller coaster market trends occurred frequently. The daily line closes the negative cross line with a long lower shadow, the price maintains running below the MA10 daily moving average of 2314, the Bollinger Bands middle track is adjusted below, and the RSI indicator is adjusted on the central axis. The short-period four-hour moving average has not increased in volume or opened, the Bollinger Bands have shrunk, and the price has adjusted below the mid-track. The technical side of gold fluctuates and bears a bearish trend, the adjustment range gradually widens, and the long-short wide trend shows high-frequency conversions. The trading range adjustment is large! Asian market analysis 1H resistance is 2320, support below is 2293 4H resistance is 2326, support below is 2293 Daily resistance is 2326, support below is 2283/2267 Asian market strategy: BUY:2280~2283 SL:2272 SELL:2317~2320 SL:2325 Asian market strategy NY time is invalid NY Time Strategy Pre-Opening Update
OANDA:XAUUSDShort
by ActuaryJ
How does the gold price work in the London market? Must see In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices. The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
TVC:GOLDShort
by AA_Jack
XAUUSD: 2/5 Prioritize long positions at low prices todayIn the Asian market on Thursday, gold fluctuated within a narrow range and is currently trading at 2320, holding on to most of the overnight gains. After the Federal Reserve kept interest rates unchanged for the sixth time and announced that it would slow down the pace of balance sheet reduction, the price of gold rose sharply above the 2300 milestone and once reached a daily high of 2328. In addition, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on interest rate cuts for the remainder of this year. Affected by this, the U.S. dollar index fell sharply and gold soared nearly $33. In terms of data, U.S. private employment (ADP) increased more than expected in April, suggesting that the labor market maintains momentum at the beginning of the second quarter. However, job vacancies in the United States fell to the lowest level in three years in March, and the number of resignations fell. These signs indicate that labor market conditions have loosened. The U.S. ISM manufacturing PMI fell back in April, which also provided support for gold. In addition, the ongoing war in the Middle East has also provided support for gold prices. The Israel Defense Forces stated on May 1 that Israel dispatched fighter jets to conduct air strikes on multiple military targets of the Palestinian Islamic Resistance Movement (Hamas) and the Palestinian Islamic Jihad (Jihad) in the Gaza Strip, including weapons depots, military buildings, and rockets. bomb and mortar launching points, etc. This trading day will release changes in the number of initial jobless claims in the U.S., the U.S. trade balance in March, the number of layoffs by challenger companies in the U.S. in April, and the monthly rate of U.S. factory orders in March. Investors need to focus on this. In addition, pay attention to the announcements from Federal Reserve officials. speech. Technical Gold's daily sun ended strongly. Under the influence of data, gold bulls formed a second surge in volume yesterday. The current daily chart is close to the MA10 daily moving average of 2328, and the closing price in New York stands above the MA5 daily moving average of 2320. The daily structure is idle and multi-form! The short-period four-hour chart is back on the middle track of the Bollinger Bands, the RSI indicator is running above the central axis, and the moving average system low of 2300 forms a golden cross opening upward. The trading idea remains low and long, supplemented by high altitude. Asian market analysis 1H resistance is 2336, support below is 2313 4H resistance is 2343, support below is 2300 Daily resistance is 2355, support below is 2289 ✅Asian market strategy: BUY:2303~2305 SL:2295 SELL:2338~2340 SL:2350 Asian market strategy NY time is invalid
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 1/5 Today’s Market Analysis and StrategyThe price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued to rise for the third consecutive month. In addition, the U.S. benchmark 10-year Treasury bond yield also rose, weakening the investment appeal of international gold. As U.S. data showed rising employment costs, indicating continued inflationary pressures, gold prices fell sharply below the 2,300 mark. The Fed needs to be patient when cutting interest rates, as Fed Chairman Jerome Powell said two weeks ago. A stronger U.S. dollar and rising U.S. Treasury yields caused gold prices to fall as markets expected the Federal Reserve to cautiously adjust interest rates. In addition to the Fed's interest rate decision and Fed Chairman Powell's speech, this trading day will also release US ADP employment data for April and US ISM manufacturing PMI data for April, which investors need to pay close attention to. Technically, gold is operating with a bearish structure, and the day-to-day rebound is dominated by high-altitude layout participation. Asian market analysis 1H resistance is 2296, support below is 2278 4H resistance is 2305, support below is 2266 Daily resistance is 2313, support below is 2253 ✅Asian market strategy: BUY:2273~2275 SL:2265 SELL:2298~2300 SL:2310 Asian market strategy NY time is invalid
OANDA:XAUUSDShort
by ActuaryJ
1
GOLD XAUUSD Bearish Robbery Plan in gold mineDear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. If the market break the Dynamic support trend will continue to go down we can continue our heist plan to next target level. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:XAUUSDShort
by Thief_Trader
XAUUSD:30/4 Real-time market analysis of gold pricesDuring the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues on the trajectory of Fed interest rates. Higher-than-expected March consumer inflation data released earlier this month prompted traders to lower expectations for a rate cut from the Federal Reserve. The market is currently worried that the chairman of the Federal Reserve will release a hawkish signal, which puts gold at certain short-term downside risks. The Fed's two-day policy meeting will begin on April 30. The Fed is expected to keep its target interest rate range unchanged at 5.25%-5.5% at the end of Wednesday's meeting, according to CME Group's FedWatch tool. The market is also paying close attention to U.S. non-farm payrolls data for clues about the Federal Reserve cutting interest rates. Investors also need to pay attention to news related to the geopolitical situation in the Middle East. There are few U.S. economic data on this trading day. Pay attention to the performance of the Eurozone's April CPI data and first-quarter GDP data. Gold fluctuated in a wide range, and the closing monthly line maintained the high-altitude, low-long, short-term thinking. The daily closing line Xiaoyin continues to suppress the closing below the MA10 daily moving average. Currently, the MA10/7 daily moving average on the daily chart opens downward at 2343/2328, and the RSI indicator continues to maintain the central axis adjustment. In the four-hour chart, the Bollinger Bands continue to close, and the moving average bond price fluctuates within a narrow range within the Bollinger Bands central axis adjustment channel. Today's monthly closing line is still dominated by shock and short-term thinking during the day. In the range, we will continue to focus on 2320/2350 first. Asian market analysis 1H resistance is 2343, support below is 2320 4H resistance is 2352, support below is 2312 Daily resistance is 2358, support below is 2296 ✅Asian market strategy: BUY:2315-2320 SELL:2345-2350 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
GOLD XAUUSD Bearish Robbery Plan to steal everythingDear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous Tiger walking area. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
VELOCITY:GOLDShort
by Thief_Trader
29/4 Asian market choppy moves, analysis and signalsIn the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more than 2% on a weekly basis, the largest since December. fell. The market expects the Federal Reserve to keep its policy interest rate unchanged at 5.25%-5.5%. The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The ensuing reaction could trigger a sharp drop in U.S. Treasury yields and boost international gold. This week’s focus will be on the Federal Reserve’s decision on Wednesday, and gold and other markets may continue to follow the changes in expectations of the Federal Reserve’s interest rate cut in the long-short game. There will also be a U.S. non-farm payrolls report on Friday, which will be another major factor that triggers market turmoil after the Federal Reserve decision. The structure of the gold daily chart keeps running below the MA10 daily moving average, and the moving average still maintains its opening downward. The RSI indicator adjusts above the central axis. Since the retracement of this round of adjustment to the middle track of 2291.8 Bollinger Bands, the price has risen at a low point, and the Bollinger Bands have moved to the current level. 2307 first line. In terms of the moving average, the four-hour chart opens slightly upward, the hourly chart is glued together, and the RSI indicator maintains its central axis adjustment in sync with the daily line. The market focus this week is on the non-agricultural data on Wednesday and Friday, when the market will experience greater impact and volatility. Trading at the beginning of the week was volatile and short-term thinking was the main focus. Asian market analysis 1H resistance is 2333, support below is 2320 4H resistance is 2341, support below is 2305 Daily resistance is 2352, support below is 2296 BUY:2318-2320,SL2310 SELL:2340-2343,SL2352 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 26/4 Will gold continue its rally?Gold technical analysis Daily resistance is 2361, support below is 2320 Four-hour resistance is 2361-69, square support is 2334-25 Gold operation suggestions: Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area. During the day, we will rely on this range to maintain high altitudes and low longs. The short-term long-short strength dividing line is 2319. Before the daily level breaks through and stands firm at this position, gold will continue to maintain long-short oscillations. BUY:2334 near. SL2330 near BUY:2320 near. SL2317 near SELL:2361 near. SL2365 near SELL:2369 near. SL2372 near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 26/4 Will Gold Continue to Fall?In early trading in Asia on Friday (April 26), gold fluctuated within a narrow range around the 2330 key point. The United States announced an unexpected slowdown in economic growth in the first quarter and higher-than-expected inflation. The US dollar was hit, and gold rose by more than $16. The United States After the GDP data was released, the price of gold soared to 2344. In addition, the geopolitical situation is also conducive to the rebound of gold prices. Israeli media reported that Israeli Prime Minister Benjamin Netanyahu approved a plan to launch a ground operation in the southern city of Rafah in the Gaza Strip. For gold, the price gains come after falling almost 3% over the past week as traders lowered their assessment of expanding tensions in the Middle East. Weak GDP data could also lead to a reassessment of the Fed's stance on keeping interest rates higher for the longer term. The GDP data also dampened hopes for a soft landing for the U.S. economy. A soft landing is a scenario in which the Fed is able to achieve price stability while avoiding a recession. Meanwhile, a strong personal consumption expenditures price index (PCE) rose 3.4%, which may mean a further delay in interest rate cuts. Currently, as tensions in the Middle East gradually ease, safe-haven demand for gold remains weak in the short term. Additionally, the current chart setup suggests that gold prices are on the back foot after this week’s steep decline. Looking ahead, investors will focus on core Personal Consumption Expenditures Price Index (PCE) data for March, which will guide the next move in gold prices. technical analysis Gold fluctuated in a wide range and continued to adjust. On the daily chart, the MA10/7 daily moving average suppresses 2342/2352 and keeps opening downward. The RSI indicator is still adjusted above the 50 value on the central axis, and the price is adjusted on the central axis of the Bollinger Bands. As for the time-sharing chart and the hourly chart technical indicators, the reference value is not great, short-term adjustment and washout, and the small cycle indicators are of little reference value. Today and Friday, gold still has no trending market or swing market, and continues to fluctuate in a wide range accompanied by long and short competition. Assuming that 2330 is used as the central axis, that is the high altitude of 15/20 US dollars above and the low long position of 15/20 US dollars below. 1H resistance is 2337, support below is 2316 4H resistance is 2348, support below is 2305 Daily resistance is 2356, support below is 2296 Asian trading strategy: BUY:2315-2318 SELL:2340-2343 Asian market strategies are not suitable for NY time Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold technical analysis and trading strategies Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is expected to grow at an annualized rate of 2.5% in the three months to March. Gold prices are trading between the 20-period moving average and below the 100-period moving average, with the former accelerating below the latter, often seen as a signal of increasing selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the relative strength index (RSI) is consolidating around 43. If gold prices break above $2,343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Expectations for gold prices today are mostly mixed. Trading idea: Go short after gold rebounds and go long after it falls. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDShort
by Gold_Digger_King
XAUUSD: 16/4 Today’s Analysis and Strategy. Continue to bullishGold technical analysis Daily resistance is 2450, support below is 2326 Four-hour resistance is 2400, support below is 2365-2352 Gold operation advice: Yesterday, it was said in the article that the daily dividing line between long and short is 2320. Obviously our operation idea is to go long above 2320. From the daily analysis, the upper pressure is 2400 and the lower support is 2365-2352. These two prices are both It is a good position for bulls to enter the market. During the day, first rely on the two supports to go long, and wait patiently for the key points to enter the market. The 2320 price is the last defensive point for bulls. Once the position is broken, the short trend begins, otherwise it will only be a short-term correction, and the next step is to continue. Look at new highs! BUY:2362-2365 BUY:2347-2352 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD:15/4 Today’s Analysis and StrategyDaily resistance is 2374, support below is 2326-2320 Four-hour resistance is 2374, support below is 2326-2320 Gold operation advice: Last Friday, relying on the 2370 mark, the unilateral rise and breakout trend started, and then further accelerated to reach the 2390 mark. The U.S. market ushered in an accelerated surge to break through the 2400 point integer mark, and fell back under pressure near 2432 and moved quickly. fell, and started a unilateral downward trend, breaking through the bottom of 2370 and reaching around 2333. The overall price accelerated above 2400 and then quickly fell back under pressure, and the price closed below the morning rising point of 2370 to welcome a deep adjustment. From this wave of bullish upwards From the perspective of the time cycle, the current market expectations for bulls have basically been completely released. In the short term, focus on the long and short watershed below the daily line of 2320. Standing firm at 2320 is still the bull trend. From the daily analysis, the 2320 position will be the watershed between the daily long and short strength. Above it is the 2374 pressure level. During the day, rely on this range to sell high and buy low, and wait patiently for key points to enter the market. Once 2320 breaks, the short trend will begin. ! BUY:near 2320 SELL:near 2374
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 12/4 strategy. Beware of extreme market conditions FriGold technical analysis Daily resistance 2400-2450, support below 2342 Four-hour resistance 2400-2420, support below 2383 Gold operation advice: Yesterday, the technical aspect of gold ushered in a strong bottoming out by bulls after repeated consolidation around the 2347 mark and rebounded to a new high. The overall price formed a strong counter-package by bulls and once again hit a record high. The short-term gold price still continues to be extremely unilateral by bulls. trend. Judging from the current trend, today’s lower support focuses on the 2342 and 2383 levels, the upper pressure is 2400 and the 2410-20 area, and the short-term long and short dividing line is 2383 BUY: 2382~2086 BUY: 2372~2377
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 10/4 Today’s Analysis and Strategy. Gold range shockGold technical analysis Daily resistance is 2370, support below is 2337-2300 Four-hour resistance is 2365-70, support below is 2344-37 Gold operation advice: The technical side of gold rose first and then fell on Tuesday. The price in Asia and Europe stabilized at 2338 and ushered in a bullish shock and broke through the high. It further accelerated to break through the previous day's high of 2353 and continued to rise to around 2365 and fell back under pressure. The market was in shock. Yesterday, the U.S. market fell back for the second time and stabilized at the 2340-45 line, and rebounded again. The overall price accelerated and broke through the high level, forming a fallback and shock market pattern. In the short period, it still stabilized above the 2330 mark, forming a strong sideways market for bulls. Yesterday's trend also Confirming this, it once again broke through new highs and rose. Although the US market fell back yesterday, it did not fall below the starting point of yesterday's early trading. This is a typical strong market. The lows are still moving up and the highs are also moving up. So it is still possible to reach 2400 this week Judging from the daily analysis, today's upper resistance continues to focus on the 2360-64 area, the starting point of yesterday's hourly decline in the U.S. market. You can sell in this area before CPI. The short-term support below will focus on around 2344-37. CPI data will be released today, so trade with caution! Pay attention to risk management and control BUY:2344near BUY:2337near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
I am a gold buyer. follow me! Gold is bought at 2332-2336. The short-term target is 2348-2355. If this position breaks through and stabilizes, move the target upward to 2365-2380 until above 2400. The short-term lower support position is 2319. If it falls below. Look at the strong support of 2300. Follow the trend. and boosted by news. Weak US dollar trend. Risk aversion is heating up, and all aspects of it are affecting it, making it the best time to buy gold. It’s good for buying gold. For traders who don’t know how to operate, traders who continue to operate in the opposite direction, and traders whose accounts have suffered huge losses, remember to leave me a message to receive detailed trading signals.
OANDA:XAUUSDLong
by T0_messenger
XAUUSD: 9/4 Today’s Analysis and StrategyGold was helped by central bank buying and geopolitical tensions, with strong economic data failing to dampen the metal's appeal. In recent times, the price trend of gold has attracted much attention, and today the price of gold hit a new high again. Gold has had a meteoric rise over the past two weeks or so. Still, a generally positive tone for equities amid easing geopolitical tensions in the Middle East limited further gains for the safe-haven metal amid extreme jitters on the daily chart. Ahead of this week's U.S. CPI data and the Federal Reserve meeting minutes, some bulls may choose to take profits and trigger a short-term correction in gold prices. Now that the gold price has strongly exceeded the 2350 mark, it is expected to rise towards the 2380-2400 area. There are few economic data on this trading day. We will focus on the market’s expectations for the U.S. CPI data for March that will be released on Wednesday, and pay attention to the situation in the Middle East. gold analysis Daily resistance is 2400, support below is 2300-2280 Four-hour resistance is 2370, support below is 2342-2330 ✅Gold operation suggestions: Judging from the current market trend, focus on the strong support of 2328-2330 below, and the short-term long and short dividing line of 2328. Go long when reaching strong support, gold breaks through history again, short sellers will not participate for the time being BUY:near 2330 BUY:near 2340 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 8/4 Today’s Analysis and StrategyDaily resistance is 2354, support below is 2300-2276 Four-hour resistance 2342-54, support below 2300-2276 Gold operation advice: From the perspective of the general cycle trend of gold, the gold weekly maintains an upward trend, with high points being refreshed again and again, with the target targeting 2400. Although there is hope that it will continue to break through, it will take time. The weekly trend has been rising in recent weeks. Large fluctuations, but the general direction remains unchanged On Monday, gold opened lower and hit a low near 2304. Today, focus on the 2300 integer and 2276 support below. The upper resistance is 2342 and 2354. The short-term long-short dividing line is 2305. Fall back to this position and continue to go long. BUY:2305 near BUY:2276 near SELL:2354 near
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 4/4 Today analysis and strategyA weaker U.S. dollar and geopolitical tensions provided support to gold prices. According to the latest news, three Iranian soldiers were killed in terrorist attacks on two military headquarters in southeastern Iran. Federal Reserve Chairman Powell reiterated the path of interest rate cuts this year. The US dollar was sold off. International gold reversed its previous decline due to strong ADP employment data and turned to a sharp rise. Gold rose nearly 20 US dollars on Wednesday, once exceeding 2,300 US dollars, setting a record. . Concerns about inflationary pressures boosted hedging demand for gold, U.S. service sector growth slowed further in March, and the U.S. dollar index fell from a four-and-a-half-month high to a one-week low, continuing to provide upward momentum for gold prices. Gold, a hedge against inflation and a safe haven in times of political and economic uncertainty, has risen more than 11% so far this year, helped by strong purchases by the Federal Reserve and safe-haven demand. This trading day will usher in the number of U.S. challenger company layoffs in March, the U.S. trade balance in February, and changes in the number of U.S. initial jobless claims for the week ending March 30. Investors need to focus on this. gold analysis Daily resistance is 2340, support below is 2280-40 Four-hour resistance is 2305, support below is 2280-65 Gold operation advice: The price of gold accelerated its rise and hit a record high. The daily level has risen for seven consecutive days and continues to maintain a strong bullish rhythm. At the same time, the overall rhythm recently has been a strong adjustment within the day and accompanied by a late pull-up, breakthrough closing, and a strong bullish pattern. The current highest price is around US$2,305. Gold continues to be bullish today and there is still room and demand for gold. Today, gold will focus on the lower support near 2,280. We can try to go long. Above, we can look at US$2,320 and US$2,340. ! BUY:2277-83 BUY:2265-69 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 3/4 Today Analysis and StrategyGold continued its gains on Wednesday and then began to fall after reaching 2288. Traders snapped up safe-haven assets amid rising tensions in the Middle East. Largely ignored, a stronger U.S. dollar and bets on U.S. interest rate cuts have sent gold prices to another record high. Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half, and the dollar jumped in response. After the data was released, traders saw the probability of a rate cut in June falling to 58% from around 60% previously. However, speeches by Fed officials and a mild slowdown in employment data on Tuesday pushed expectations for a rate cut by the Fed in June back up slightly to around 64%. Gold continues to break historical records after news of an Israeli airstrike on the Iranian embassy in Syria was released. Investors seeking a safe haven as geopolitical risks intensified rushed to pursue gold. At the same time, gold prices have risen 14% since mid-February this year on signs that a much-anticipated U.S. Federal Reserve policy shift is nowhere in sight. This week, investors will focus on the U.S. non-farm payrolls (NFP) data for March, which will be released on Friday. Labor market data could provide clues as to when the Federal Reserve will begin cutting interest rates. Daily resistance is 2300, support below is 2229 Four-hour resistance is 2290, support below is 2270-46 Gold operation suggestions: Yesterday, the gold price received support at the 2250 mark and ushered in a strong effort to break the all-time high. The short-term support is 2070-60 below. The dividing line between long and short is currently around 2246 below. Pay attention to the situation of breaking new highs and 2300 above. BUY:2267~2270 BUY:2260~2255 BUY:2246~2250 SELL: near 2290 SELL:near 2230
OANDA:XAUUSDLong
by ActuaryJ