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GOLD: CB Consumer Confidence!Fundamental Overview On Monday, the US Dollar experienced a significant drop as sellers took over after a brief dip on Friday. This happened as the US Treasury bond yields decreased across the curve. The 10-year US Treasury bond yields fell by eight basis points, marking the largest single-day decline since March. Additionally, the 10-year US rates dropped below the 3.50% level once again. The markets have reassessed their expectations for a potential rate hike by the US Federal Reserve (Fed). It is anticipated that the Fed will take a break after the 25 basis points hike in May. There are indications that the central bank may reduce rates in July, which would result in the year ending below 4.50%. Additionally, concerns surrounding the ongoing drama over the US debt ceiling have led to investors seeking safe haven in US government bonds. This has led to a decline in US Treasury bond yields and the US Dollar.
TVC:GOLD
by Sphyn-Trader
3
Will gold eventually fall to 1936?Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped reversal at the low level. Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.This undoubtedly increases the difficulty for us in short-term gold trading, so we must set the pace in trading. Regarding the current gold market, a new volatility range has been formed in a short period of time. Before the direction of gold is chosen, I think gold will continue to fluctuate within the range. Once the long and short direction is determined on the fundamentals, gold may have a trend behavior.Judging from the current market situation, gold is still running short, and only when there is a complete stop-fall signal can there be a continued upward trend. Then in the short-term operation, first observe the defensive situation of the 1980 first line below, and it is best to choose to sell gold after the gold rebounds; during the period, you can buy gold in small batches at strong support levels in a timely manner. For the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it is a friend whose trading order is blocked or a friend who has recently lost money in a row, you can enter my channel through the link below.I have the real strength to help you solve the problem or satisfy your desire to make money. Welcome everyone to visit the channel!
OANDA:XAUUSD
by Short-term-king
1
GOLD: Inflationary!Hi trader, i want to send you some useful information 🍀 The US economy's decline and subsequent fall back into the global pack could potentially cause an historic re-pricing of the US dollar, but such an event may not happen soon. Currently, the US dollar is experiencing an upward trend in its price, which could be the beginning of another significant increase. The market may be caught off guard by the unexpected strength and resurgence of inflation, which is prevailing over the Federal Reserve at current rate levels. Re-acceleration of inflation and its win over the Fed will continue to catch the market by surprise
TVC:GOLDLong
by Sphyn-Trader
9
Profitable Gold Trading Signals We have made a profit of more than 300% for two consecutive weeks, and we have completed the target profit of 500% this week. We plan to make a minimum profit of 60% tomorrow. If you are still losing money or don't know how to trade, then you should follow me! Gold is currently in a critical position. 2015-2018 is the dividing line between short-term long and short-term. If it can be broken through, it may rise to near the previous high of 2048. If it cannot be broken through, it will continue to fall. The resistance levels that are important to pay attention to now are 2007, 2013-2015-2018, and the lower support is 1993-1987. If you can't grasp the trading opportunity well, you are welcome to come to me, and I will provide you with the most detailed and reliable trading signals.
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
GOLD: Next goal!Hello trader, Have a nice day, stop for a moment and take a look at the important information ✅ Fundamental Overview: On Wednesday, financial markets began with a preference for low-risk investments, leading to an increase in demand for the US Dollar in the foreign exchange market. The price of XAU/USD dropped to 1,969.20, which is the lowest it has been in the last two weeks. However, it gradually increased and is currently trading at around 1,995 per troy ounce. This shift in market sentiment was caused by US Federal Reserve officials, Raphael Bostic and James Bullard, who recommended that additional rate hikes are necessary to manage inflation in the US. As a result, both Asian and European indexes decreased, and the yields on government bonds rose. Gold struggles even as geopolitical, inflation fears propel US Dollar, yields
TVC:GOLDLong
by Sphyn-Trader
3
GOLD: Nice entry point for buyers!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ According to the forecast, the real yields are expected to remain negative in the second quarter of 2023, which will have a positive impact on the gold price. Although the gold price showed a strong increase in the first quarter, it is likely to rise at a slower pace in the second quarter. The estimated price for Q2 is approximately HKEX:2 ,080. No information has been omitted while paraphrasing the original text. Note: Full TP, SL for winning the market and safe trading!
TVC:GOLDLong
by Sphyn-Trader
3
XAUUSD: Weaker PPI figures boost GOLDGreetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ In the US, weaker PPI figures and an increase in jobless claims have led to a boost in stocks during the afternoon. This has resulted in the market hoping for more negative news to influence the Fed to pause beyond the next meeting. However, the possibility of 'no change' at the upcoming meeting is not very likely. Predicting continuation of the uptrend GOLD
OANDA:XAUUSDLong
by Sphyn-Trader
6
4/11 Gold trading Signals Gold peaked near 2003 yesterday, so today this position is treated as the first resistance level, then the gap position near 2008, and the early support level near 2013-2016. These are the important resistance levels today. If the market encounters resistance near these points, you can trade short. The strong support is based on yesterday's low as a reference, focusing on the vicinity of 1980, and above is the moving average support near 1996-1993. During the trading process, pay attention to observe the conversion of the support pressure level, and at the same time learn to distinguish between true and false breakthroughs. It is usually judged by 2-3 K-lines (except for strong breakthroughs on the Dayang line). You can see the 30m chart. If you need a specific trading strategy, please contact me in time.
FOREXCOM:XAUUSD
by EagleEyeStrategy
4/4 Gold Trading Strategy Gold launched a long-term upward attack in the support area of ​​1954~1950 yesterday. There was basically no adjustment on the way to continue the strong attack. The current strong pressure is at 1988-1992. Once it breaks through here, it will open up short-term upside. (support 1974-1965) Gold operation recommends buying in 1974-1977, target 1984~1988, if the rise breaks through 1988-1992, continue to look at the previous rebound high in 2009.
FXOPEN:XAUUSDLong
by EagleEyeStrategy
GOLD: It seems that there is a limit to the potential gains.The recent banking problems have caused the Fed to adopt a more cautious approach, resulting in a decrease in US yields and an increase in the value of gold. However, ANZ Bank economists do not anticipate a further increase in the price of gold at this time. According to the statement, the Gold price is not expected to increase significantly in the short term due to the federal fund rate being at 5.5%. Although Gold is backed by concerns of a US recession, reduced inflationary pressure, and a more lenient monetary policy, its potential for growth is currently constrained due to the diminishing banking risks and future rate hikes by the Federal Reserve. The prediction for the growth of the yellow metal is not very high.
TVC:GOLD
by Sphyn-Trader
2
4/3 Gold Trading Strategy:big opportunity Under the stimulus of risk aversion, gold rose from 1800 to 2000, and then began to oscillate. From a short-term perspective, it formed a double top pattern, which I shared with you last week. Interested friends can go and take a look. Now let's talk about the trading strategy in detail based on the 4-hour chart. As we can see from the chart, when it first reached above 2000 points, the large increase led to a large deviation, resulting in the need for technical pattern correction, coupled with the cooperation of news, the market began to pull back. Eventually, it found support near 1936, and at the same time, risk aversion swept over again, and the price of gold rebounded, once again approaching 2000 points. However, risk aversion will gradually decrease over time (without further stimulation), and the price of gold at 2000 points is also a resistance level. The market will pull back again, this time down to around 1947 to find support, of course, there is also the cooperation of news during this period. When it rebounded to the resistance level near 1975, it oscillated repeatedly. On Friday, when US February data was announced, despite the small difference, the bulls still took the opportunity to break through 1975 and came to around 1986 (resistance level). Afterwards, the final value of the University of Michigan's 1-year inflation expectation for March was announced, with a published value of 3.6%, lower than the expected 3.8%, and February was 4.1%. It can be seen that the short-term inflation expectations of US consumers have declined significantly. It is also because of this that the price of gold quickly fell back to around 1966, and as of the closing, the market has not returned above 1975. On the 4-hour chart, the MACD has formed a dead cross, which is a bearish indicator pattern. The resistance level continues to be around 1975. The small-scale support is around 1966-1963, and the 4-hour support is around 1948, which is also the support level during the last pullback. If it falls below, look for around 1920. The daily MACD is about to form a dead fork. The MA20 is around 1928, and the MA30 and MA60 are around 1897. The MA5 and MA10 have formed a dead cross and are around 1969. On the 30-minute chart, there is a demand for rebound, and the resistance level is around 1973-1977 (1975). Therefore, during the Asia-Pacific period on Monday, trading can be carried out around this position. Buy: 1966-1963 TP: 1973-1975 (If it cannot break through around 1969, it needs to be closed in time and short-selling) Sell: around 1970-1975 (if it cannot break through 1975-1977 in the rebound) TP: 1966, 1963, 1957 During the European period, pay attention to the support and resistance situation. If the support around 1963-1957 is broken, look for around 1948. If the support is effective, pay attention to whether the rebound can break through the resistance around 1975. Sell: 1975-1963 TP: 1955-1948 If the market is still oscillating around the 1963-1977 range during the Asian and European markets, pay attention to the breakthrough direction during the US market, and then I will give specific trading strategies based on the market.
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
2
GOLD: Safe haven for investors!Due to the market's recent instability, Gold has experienced a surge in value. The price per ounce has surpassed $2,000, reaching a peak that hasn't been seen in a year. Additionally, it appears that Gold exchange traded funds will see a positive net inflow in March, which hasn't happened in nearly 12 months. Based on these recent developments, it's possible that Gold prices could exceed our projected target of $2,100 by the end of March 2024 earlier than anticipated. Although the global financial crisis has been avoided, it may take some time for investors to regain their confidence. Based on technical analysis, the price of gold is being impacted by the resistance and support areas, which are effectively fulfilling their roles. It's important to take into account the price range between $1935 and $2000 across multiple time frames. Looking ahead, it's anticipated that gold will continue to experience growth. MAYBE BUY GOLD 1960-1965 TAKE PROFIT 1: 1975 TAKE PROFIT 2: 1985 TAKE PROFIT 3: 2000 STOPLOSS: 1950 Note: Note: Full TP, SL for winning the market and safe trading!
TVC:GOLDLong
by Sphyn-Trader
6
Gold prices poised for upward trend: Key support levels to watch Gold dropped from around $2009 to the vicinity of $1935 in 2020, rebounded to around 1969, but failed to break through the level of 1988 and fell again. Therefore, from a technical perspective, 1988 can be considered as a resistance level, while 1969 can be seen as a support level. After rebounding to around 1986, gold fell back under pressure, found support at around 1975, but still failed to break through the resistance of 1988. Thus, 1988-1985 became a strong resistance zone. After 1988 became a strong resistance, bearish sentiment surfaced again, breaking through the support levels of 1975 and 1969, causing the gold price to fall to around 1961. However, the bearish force was very strong, and after a small probe, the gold price fell directly below, dropping to around 1935. This position is important as it is the starting point of the stage of the rise and the demand for technical rebound has been formed due to the significant decline in gold price. I have also mentioned this in my trading strategy. Subsequently, the banking incident fermented again, gold rose again with risk aversion, broke through the resistance level of the 1948 box and successfully broke through 1961 and 1969, converted from resistance level to support level, and rose again to break through the resistance level of 1975 and 1985, returning to the $2000. However, as the rebound process from 1969 to 2000 did not test the support level, the strength of the support level cannot be determined. From a technical perspective, this is not conducive to further upward trends. Therefore, I expect today's market to fluctuate to confirm the strength of these important support levels. Once confirmed, the next upward trend will break through the high point of 2009. In summary, today's trading strategy is mainly bullish, with reference to the important support levels of 1985, 1975, and 1969 as buying positions.
FXOPEN:XAUUSDLong
by EagleEyeStrategy
The important support of gold is in 1961, go long Risk aversion broke out again. Gold rose sharply in the U.S. market yesterday, breaking through the resistance level of 1961-1965. It was under pressure in 1983 and remained in a range today. There is weak support around 1975-1973, and the best support is in the range of 1957-1961. If it falls here, as long as there is no news that is not good for gold, there is a high probability that it will rise. The specific strategy is: 1975-1967 Support valid: Purchase time: 1975-1967 tp1:1979-1982 tp2:1984-1988 Stop loss below 1960 1980-1983 range resistance failed to break Sales period: 1980-1983 Time: 1973-1967 Break through 1985 stop loss
FXOPEN:XAUUSDLong
by EagleEyeStrategy