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GOLD XAUUSD SHORT DUE TO RISING OIL PRICEDear Ziilllaatraders, Production Costs: Oil is a key input in many industries, particularly transportation, manufacturing, and energy production. When oil prices rise, the cost of raw materials, transportation, and energy used in the production process also increases. These increased costs are often passed on to consumers through higher prices for goods and services. This is known as cost-push inflation, where the increase in production costs leads to higher prices for final products. Transportation Costs: Higher oil prices directly affect transportation costs, including fuel costs for shipping goods. As the cost of transporting goods increases, businesses may pass on these additional expenses to consumers through higher prices. This can lead to an overall increase in the prices of various goods and services in the economy. Inflation Expectations: Expectations of future price increases can play a significant role in driving inflation. When oil prices rise, it can create a perception that overall prices will continue to increase. This can lead to higher inflation expectations among consumers, businesses, and investors. In turn, these expectations can influence wage negotiations and pricing decisions, contributing to a self-perpetuating cycle of inflationary pressures. Thats why I think on 12 July inflation is going to get higher due to the measurements to calculate inflation. This will cause the FED to tighten policy and raise interest rates which will in turn again increase the value of the dollar as explained in my last post. What do you guys think? Make sure to share your opinion and idea? Greetings, Ziilllaatrades
FOREXCOM:XAUUSDShort
by ZILATRADES
XAUUSD Bias: Short; Timeframe: DailyHello there, we may see a sell continuation today in the gold market as the price is currently lingering between 61.8 and 50 percent of Fibonacci levels in the downtrend market. Also, a nice bearish engulfing candle that completely swallowed the previous bar has been printed on the chart, showing us that the bears are in control. Market condition: Bearish Order Type: Market Stop loss: Place it above the bearish engulfing candle=1940.745 or 1935:313, depending on your lot size. Profit Target: First: 1907.931 Second: 1894.313 Third: 1829.365--Don't be greedy. Happy trading
OANDA:XAUUSDShort
by OraclePips
GOLD (XAUUSD): Ahead of FOMC 🥇 Traders, don't forget that we are expecting FOMC during the middle of the NY session. Here is my technical outlook for Gold and potential scenarios. Bullish Outlook Trading in a bearish trend, the market is currently testing a wide horizontal supply zone. 1925 - 1940 are its exact boundaries. I will be bullish on Gold if the price breaks and closes above that entire area on a daily. A bullish continuation will be expected to 1957 then Bearish Outlook Analyzing 4H time frame, I spotted inside bar formation 1919.5 - 1920.0 is its lower boundary. If the price breaks and closes below that on 4H, I will expect a bearish continuation to 1911. Wait for a breakout and follow the market then. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
3
Gold to drop 4000+ PipsGold had been a clear down trend in early May 2023, though with the most recent pull back mainly on swing perceptive, However, after the america 4th July independence holiday with the recent double top chart formations, it becomes more clear that gold may likely drop about 4000+ pips to swing traders over the next few days,bring the price down to $1880 per ounce as gold respect round numbers. According to DANCOLNATION CAPITAL TRADING STRATEGY, We wouldn't be interested in the small retest buying currently playing out, to this double top region, Allowing price and odds to commit to our favor, with our entry strategy,,,,we shall selling all days as soon price leaves this 1930 region with a 4Hr bullish candlesticks all the way down on SWING Perceptive .
FX:XAUUSDShort
by Ejike_Odeh
5
Powell hints at 2 more hikes, sends gold lowerThe US dollar rose on Wednesday after the gathering of central bank leaders worldwide, which included Federal Reserve Chair Jerome Powell. During the meeting, Powell left open the possibility of the Federal Reserve implementing two more rate hikes this year. Furthermore, Powell stated that he does not anticipate inflation reaching the Federal Reserve's target of 2% until the year 2025. However, investors might be hanging onto the words of Powell a little too tightly considering his central bank counterparts in the ECB and BoE presented more hawkish remarks (natural for the stickiness of inflation that these regions are facing). Christine Lagarde emphasized that the European Central Bank (ECB) remains unconvinced by the available evidence inflation is falling in the Euro Area. A revision by investors might be in order. With the rise in the USD, we are also seeing selling pressure in the XAU/USD for a third straight day. Currently, gold is hovering around $1,909 and maintaining a bearish outlook, with the potential to breach the $1,900 level. The daily chart reveals that the precious metal has dropped further below both the 20 and 100 Simple Moving Averages, which are currently converging at $1,943. Among the current levels, $1,875 perhaps stands out as the most significant support level. Despite previously acting as a resistance point, it has served as a pivot on multiple occasions.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD:1H analysisHi I hope you have made money from the previous analysis. Gold is in a very good position to enter. As you can see, gold has formed a downward trend line above the price in the 1H period. And several times the rejection from this area shows the validity of this trendline. In case of rejection again, we can expect gold to move towards lower supports. tp1: 1922 tp2: 1913 tp3: 1904 * And in case of a strong crossing of the trendline, the price will go to higher levels and this analysis is invalid.
TVC:GOLDShort
by Money_hunters
2