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Gold's Record Rally: Safe Haven Amid Global Uncertainty💹 Geopolitical Tensions Driving Demand Gold prices are soaring, hitting historic highs as geopolitical instability, notably in the Middle East, keeps pushing investors toward safe-haven assets. Escalating conflicts, such as tensions involving Israel and Iran, are solidifying gold’s position as a hedge against uncertainty, with current levels above $2,080 per ounce. 💰 Federal Reserve Policy & Rate Cuts on the Horizon The Federal Reserve's expected rate cuts, ranging from 0.75% to 1% by the end of 2024, will likely sustain gold’s upward momentum. As these cuts make interest-bearing assets less attractive, gold could see further gains, with analysts forecasting potential prices of $2,300 by year’s end if economic challenges persist. 🌍 Market Trends and Supply Constraints Strong futures and ETF activity is also supporting prices as global demand grows. On the supply side, production issues in major mining regions like Australia and the U.S. are adding to the bullish case for gold, creating a “perfect storm” for long-term price support. 📅 Key Events to Watch: - Federal Reserve’s next rate decision (mid-November) - Ongoing geopolitical developments in the Middle East - Year-end inflation reports impacting central bank strategies globally With a mix of economic and geopolitical tailwinds, gold’s trajectory looks bullish in the near term. For a deeper look into gold’s macro environment, keep this post handy as these developments unfold! 🚀
CAPITALCOM:GOLDLong
by bitcoinsentinel
Gold Surges After U.S. Inflation Data | New perspective In this week’s analysis, we dive into Gold's 1% surge following U.S. inflation data, which has sparked fresh uncertainty over inflation trends and boosted demand for safe-haven assets. The Consumer Price Index rose by 0.2% last month, while bullish PPI figures suggest the Fed could be on track for interest rate cuts in 2024. With escalating geopolitical tensions, could Gold rally beyond $3,000 before year-end? XAUUSD Technical Overview: This week, we’re zeroing in on the critical $2,660 zone. If Gold stays above this level, bulls may maintain control, potentially pushing prices to new highs. However, if Gold dips below, bears could force a pullback toward the descending channel’s support line. 📌 Stay tuned as we navigate the next big moves in the Gold market! #GoldMarket #XAUUSD #InflationData #FederalReserve #SafeHavenAssets #Geopolitics #MarketAnalysis📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in Initial Jobless Claims to 218K, solid Q2 GDP growth at 3.0%, and stronger-than-expected Durable Goods Orders have sparked debate about a possible economic soft landing. In this video, I break down how these factors could shape price action in the Gold market, and explore trading strategies for both buyers and sellers. With the probability of a 50 bps rate cut now down to 50%, I have analyzed potential scenarios and how I plan to capitalize on the upcoming opportunities. Make sure to watch till the end for my technical analysis and outlook for the coming week. XAUUSD Technical Overview: This week, we're focusing on the $2,640 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
1
The Gold price is setting up to do either of 2 things. Please... We saw them hunt down as many Long-stops in Gold as they could & to throw further spanner in the works there is a bearish H 'n' S system on the 30m timeframe for Gold XAUUSD. There is also the same in a 15m timeframe however, this particular one on 15 is too wide for my liking from the head to right shoulder. In other words too many bars have accumulated. But who knows, price does not care if they are not perfect structures. The Gold price would really sell-off if its price retreats down lower an MTOP I think on the 4HR is breached its good night ladies and gentlemen we are going down to near 2400. Is this likely to occur? Probably not. Here is why... Price-action is always trying to trick us and the market makers for that matter. The gold price is still above its important moving averages on the Daily timeframe and this is very important to hold the gold price up. If the right shoulder is taken out soon at about 2523 then Gold is heading North especially on that break at about 2531.50. Double Tops or TOP 1 TOP2 on the 1,2,4 HR timeframes are notorious for price sell-offs. But when they run out of legs the price always turns back around. That is what could be happening right now. But don't discount that bearish H&S until the right shoulder is taken. Let's see how it plays out. Regards, Chris *Trading is risky. Please don't rely solely on my setups or financial advice.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
Money supply increased for the first time, Gold price will decreGold prices dropped slightly to hover around $2,360 per ounce on Wednesday. This decline was attributed to investors scaling back their expectations for interest rate cuts by the US Federal Reserve this year. The market is also eagerly awaiting the release of the key PCE inflation report. GOLD is following the previous wave E assessment, completing wave 4 and continuing wave 5. Gold price resumed its uptrend on Thursday and climbed more than 1% as US Treasury yields dropped, undermining the Greenback's appetite. 🔴SELL GOLD: 2364 - 2366 , SL: 2370 (scalping) 🟢BUY GOLD: 2317 - 2315, SL: 2311 (scalping) GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold Price ActionHello, Comes after a long time. I hope you're doing well. This is what I see: as the market moves downward, liquidity is created, and today's liquidity has already been swept, but there is still liquidity that has to be swept. However, as you can see, I've marked two Order Blocks and am targeting Bullish to Bearish OB with a tight stop loss. And there is a good likelihood that if it reaches that Bearish OB, it will move downward. So you guys do scalping within this range. Use a lower period for entry. Good luck and good trading. Thank you.
PEPPERSTONE:XAUUSDLong
by SuvashishFx
Gold Price At A Critical Support Level – After Steady DeclineGold Price – Technical Outlook Daily Chart After experiencing careful declines since mid-July, gold price is currently positioned directly on the ascending trendline originating from February, as depicted in the chart below. If this trendline is breached, it could pave the way for a more pronounced bearish technical outlook. This scenario would potentially reveal the 38.2% Fibonacci retracement level at 1903, which notably coincides with the lows observed in June. 4-Hour Chart The 4-hour chart provided below offers a clearer view of the recent short-term downtrend. A descending trendline is serving as a consistent support, facilitating a gradual decline in price. Notably, there is a positive divergence in the Relative Strength Index (RSI), which suggests that the downward momentum is diminishing. This observation coincides with XAU/USD testing the 61.8% Fibonacci retracement level within this specific timeframe. However, for a potential return to a short-term bullish technical outlook, it would be essential to surpass the 1932 resistance level. Alternatively, if bearish momentum continues downward, the next area of support to watch out for would be 1898 and 1867
FOREXCOM:XAUUSD
by imxoxo
XAUUSD Huge expansion, im expecting a small pullback Good afternoon gold gang!! Wow huge trade this morning called in the minds section. 100 pips!! that is huge. Well done for anyone who jumped on. Current price is still expanding at a huge rate, so im expecting some kind of pull back to collect some liquidity. I have marked up what im looking for. Support must form at the red level below current price to then move up to the major level .. but sells will be below 1889 level. Dxy sill bearish so we might see the major level tapped today?! .. lets see at the open! Have a good afternoon guys .. ask me any questions in the comments and ill do my best to answer them. Like and follow! TommyXAU
OANDA:XAUUSD
by tommyXAU
3
THE BIG XAU SHORT! (part 2)Over last 2 weeks, the market has stopped responding to fundamentals which are showing a stronger labor market than the Fed is willing to tolerate; should have pushed XAU lower. We're 2 weeks away from the next rate hike (February 1st) and we could see a correction in this time, especially if the market is expecting a less aggressive Fed. In that case, price will likely correct going into the hike and then explode higher on Feb 1-2. With DXY & Yields moving higher, we're likely going to get this retest of 1900. *NOTE: either the big short is in play right now or we will get a push higher towards 1960 before it occurs; one thing is for certain - price needs to correct going into Feb 1st rate hike
OANDA:XAUUSDLong
by XAUSpeculator
4
Gold Price Prediction analysis TF WeekGold chooses its direction to wave 2 or C as predicted on 11 August. At the current level of 1747, about 50% pulled back and arrived at significant support but still have more downside. Whilst, DXY recovered its value as the positive data of U.S. Retail Sales and initial Jobless Claims. The dollar could keep rising this coming week with limited downside. If DXY breaks the old high (109 as of 14 July), it might rapidly surge to 111. So, this may cause negative sentiment for gold. Nonetheless, gold can rebound for a short period before going down again. Suggest picking a top to sell. Sell 1754 - 1766 TP 1758/1754/1747/1735/1728 SL set according to your margin ( above 1772 is a crucial point for gold rally to wave 3 ) Have a good week!!
BLACKBULL:XAUUSDShort
by ThiMars
Gold is still in an uptrend as long as above the $1800....Gold is an uptrend in the long time frame, like monthly and weekly. However, the market seems in range and bound in the daily chart. In the last week, inflation has risen, and the USA cannot print its retail and core retail sales positively. Even omicron is still spreading all over the world. This week Tsunami Tonga hits. So, it is clear that most of the fundamental factors are still favoring the gold against all the major pairs. So, fundamentally gold is in an uptrend, there is no doubt. But, even in the higher time frame, gold is in a long position. In the h4 chart, gold is rising, testing trendline support and dropping trendline resistance. $1830/1835 makes a strong resistance level from the present rate. Often, gold tested to break the $1830/1835 price, but the market was unable to break above the strong resistance level of the $1830/1835 zone though all the fundamental factors are supporting. So, we should wait to buy gold until it breaks above the $1830/5 price zone or tests nearly trendline supports the $1805/1807 price zone. Because $1807/$1800 creates strong trendline support as well. If we buy from the $1805/1800 price zone, our stop loss is below the $1796/1795 Price zone. And upside target is $1830, the next target is $1855, and finally $1865/1870 price zone. On the other hand, if gold breaks below the trendline support $1800 price zone, we may short gold and target should be near $1780/1785 price zone and final target to the downside is $1760/1765 price zone.
TVC:GOLDLong
by Gold_Trading_Expert
GOLD - SWING ANALYSIS NEXT WEEK GOLD - It seems the momentum is getting weak here and some consolidation and downward scenario is there, Probably the first few session will remain volatile where Gold will again try to jump around 1776, my trading approach will be like this ; My approach will be a sell around 1768 - 1774 Maintain stop loss around 1787 Potential downside target is 1745 - 1730 Follow the levels as mentioned above. Hit the like button if you agree to my views. Trade as per your risk appetite, I will be glad to see your likes & comment.
GShort
by Professor_GS
4