GOLD. Working with liquidity.Hello traders! There was a positive response to the USD news, presenting a good shorting opportunity and a chance to target the lower liquidity. As always, I'm placing the stop loss behind the order block.
Goldtrade
🥇Gold🥇 Will Fall soon⏰(4-Hour)⏰Gold is moving near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and 🔴Resistance zone($1,904-$1,886)🔴.
🔔I expect Gold to fall after entering the 🟡 Price Reversal Zone(PRZ) 🟡at least to the 🎯 Targets 🎯 I have marked on the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD Will gold retreat after the news on Friday today?According to the U.S. Department of Labor, the CPI rose 0.4% in September, exceeding the 0.3% rise in August. However, the annual CPI has declined compared to the peak of 9.1% recorded in June 2022.
Traders now believe there is a 38% chance the U.S. Federal Reserve will raise interest rates in December, up from 28% before the inflation report was released, according to CME's FedWatch tool.
The 10-year US Treasury yield and USD index also rose on the above data.
The main factor supporting gold prices during trading is investor caution due to the escalating conflict between Israel and Hamas. Gold is considered a safe investment during times of political and financial instability, but as interest rates rise, the opportunity cost of holding unprofitable gold increases.
"There are still some signs of a slowdown in the U.S. economy, which should be positive for gold," said Edward Moya, senior market analyst at OANDA. We expect gold prices could range from $1,860 to $1,920 per ounce in the near term. ”
Among other metals, spot silver fell 1.2% to $21.79 an ounce, platinum fell 2.2% to $865.87 an ounce, and palladium fell 2.9% to close at $1,132.75 an ounce.
XAUUSD:13/10 Today’s Trading StrategyIn the early stage, gold was affected by a series of hawkish moves by the Federal Reserve and ushered in a unilateral downward trend. However, the decline eased after testing near 1815 many times, and there was a downward rebound during the non-agricultural market, and the bulls launched a counterattack. Subsequently, the Palestinian-Israeli risk aversion situation helped gold rise, and it gapped higher and once returned to above the 1850 mark. It continued to rise the next day, reaching a high of 1885.
Gold's daily bullish streak rose to around 1885, and now it has fallen sharply to the 1870 mark. It surged higher the next day and then fell back to end, indicating that there is indeed a lot of selling pressure at 1885. 1880 happens to be the 50% position of the 1950-1810 Fibonacci retracement point, which is also the key pressure in the early stage; 1885 above is the early support bottom. Bulls need to be vigilant if they hit the 1880-1885 range. Now it has been blocked and fell back as expected. Then the next step will be to see whether the decline can continue. If it closes negative again today, there is hope for filling the gap of 1833.
Since the current high of 1885 has fallen back as expected, we will continue to maintain the bearish thinking today. After today's rebound, continue to short, and focus on the support of the 1860 mark below.
SELL:1878-1881
SL:1885
TP1:1870
TP2:1865
TP3:1860
XAUUSD - 08/10/23My bias for XAUUSD on the daily chart!
I expect 2 diferents scenarios for gold :
- Trick traders into thinking it will go straight for 1804.95
- Go straight to 1804.95 ;)
#ICTStudent
Short gold in the short term and continue to make moneyToday I tell you in advance that the short-term resistance of gold is in the 1885-1890 area, so I remind everyone not to continue to be long gold above 1880. In addition, before the CPI data was released, I informed everyone to short gold from 1883-1885. If gold rises to the 1888-1890 area, we will increase our positions to short gold. Obviously, the market did not give us any more opportunities to increase our positions, and after the CPI data was released, gold fell to a minimum of around 1871, which perfectly hit my expected profit target area of 1876-1875. Congratulations to all of us for making good profits.
Judging from the current gold trend structure, gold is currently falling back to around 1871, and gold has not stabilized above 1880. Then gold is likely to continue its downward trend, so now we focus on the short-term support area below 1863-1865. If gold falls back to this area , we can start trying to go long gold.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold price today October 12: Soared again after PPI reportThe PPI index will be an indicator of the price sold to consumers in person (Consumer CPI index) will also increase accordingly. This will work strongly to determine interest rate increases by the US Federal Reserve (Fed).
Tonight (December 10), the US will announce the CPI index. Experts say that if the CPI index also increases, at the upcoming meeting in early November, the Fed will increase the basic productivity point by 0.25%. emission mechanism is moving towards the 2% target.
Normally, when the Fed predicts an interest rate increase, gold prices will decline. However, this time the price of gold has increased sharply. Introducing that, if the Fed continues to raise interest rates, there will be increased risk to the US economy.
Rising inflation will also cause people to tighten spending, which in turn may cause businesses to shrink production. Therefore, the US economy may fall into recession but not have a "soft landing" as predicted. With the above analysis, investors have returned to buying gold, attacking the risk of capital flows.
GOLD for my correct predictions yesterday There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates.
Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in recent months could prompt the Fed to hold off on raising interest rates. Waller said on October 11 that higher market interest rates could help the Fed control inflation and allow policymakers to consider whether further rate hikes are necessary.
"Overall, the minutes indicate that Fed officials are increasingly concerned about recession risks to the U.S. economy," said Carl Schamotta, chief market strategist at Kopay in Toronto.
The recent weakness in the US dollar is due to a decline in US Treasury yields, with bond prices rising due to the Fed's "loose" stance on future interest rate hikes. Investors are now awaiting the release of the main inflation report today, October 12th, for further guidance on the future direction of interest rates. Additionally, the market is closely monitoring the conflict between Israel and the Islamic organization Hamas.
Conversely, the euro rose to $1.0634, its highest level since September 25th. Meanwhile, the pound rose to a three-week high of $1.2337.
Dutch central bank board member Klaas Nott said on October 11 that the ECB has made "important progress" in bringing inflation down to its target level, but there is still a long way to go and rules out the possibility of inflation rising. He said he could not. Interest rates may rise further in the future.
Gold is still on the upward trend
Hi Dears
I think that after the heavy fall that gold experienced in recent weeks, it needs to rest and rise, and the minimum price that can be considered for it is maybe 1875 or maybe even higher.
what do you think? Do you think my analysis can happen?
GOLD to 1845$ After reaching to 1885$ as we said, gold is going to reflect his movement to down.
Next target is 1845$ level.
Follow to get next signals
Trading strategies that are sure to make moneyDue to the dovish remarks of the Federal Reserve and geopolitical conflicts, gold rose further. After hitting a low of around 1853 overnight, it rebounded again and has now reached a high of around 1870. According to the current structural trend of gold, if gold breaks the $10 fluctuation range in the past two days, gold may maintain its upward trend for the time being. The initial pressure above is in the 1878-1880 area, while the first support below is in the 1861-1859 area, followed by the 1856-1854 area.
Therefore, for gold trading, stable friends can wait for gold to fall back and then go long gold based on the relative support level. Friends with aggressive trading styles can participate in a short-term short-selling opportunity after gold touches the 1878-1880 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
GOLD 4H OUTLOOK GOLD
reminding you that, consolidation under 1873 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1860 , 1850, and 1838
As for renewing bullish attempts, consolidation above 1873 will support the price to rise up again and recover its positive momentum to retest again to 1886 , 1896 , and 1911
Support line: 1860, 1850, 1838
Resistance line: 1886 , 1896 , 1911
From the Gold Rush to the 10% Golden Crash next?A few weeks ago, I mentioned that the gold rally had come to an end.
At the time, the price was at $1,970, and I expected the price to crash for the rest of the year.
Well, the crash came much sooner than even I expected.
Just last week, gold prices sank another 4%. And to put this into perspective.
We have not seen this kind of gold crash performance since June 2021.
In fact, on 25 September, the gold price dropped from $1,970 per ounce down to a low of $1,829.
If you missed the first down leg of gold, you’re not going to want to miss the next one.
Here’s why I expect the price to continue down.
Why the JOLTS report is great for America but bad for gold
Let’s start with what the JOLTS report is.
The Job Openings and Labor Turnover Survey (JOLTS) report is a monthly
publication by the U.S. Bureau of Labor Statistics (BLS).
It tells us important information about the U.S. labour market.
The report is typically released a few weeks after the closely watched m (Nonfarm Payrolls) and offers a different perspective on the job market.
August data of the US JOLTS Jobs Openings was recently released. And it crushed analysts’ expectations.
It showed the job openings improved to 9.61 million in August from the previous reading of 8.92 million.
When the report came out, the gold price dropped even further.
We need to remember….
The JOLTS report of 9.61 million in August suggests a strong labour market and a boost in economic optimism.
In a growing economy, we’ll see investors will look to riskier assets like stocks over safe-haven assets like gold.
And so, this led to a decrease in gold demand and a drop in its price.
Another interest rate hike is on the cards
Several Fed officials have suggested that America can expect at least one more 25 basis points rate hike by the end of the year.
This will be to try to bring inflation back to the 2% target.
Also, with the higher jobs openings and a stronger economy – this has put the US wage inflation and higher interest rates back on the agenda.
Here is what Jim Wyckoff, senior analyst at Kitco Metals, said in a Reuters note.
“There is a reckoning that interest rates are going to be higher for much longer, which has been the bearish element in the precious market.
Gold prices could go below $1,800 in the near-term,”
I don’t normally agree with the news and hype.
But the charts agree with the downside to come.
Why this massive inverse Cup and Handle is showing 10% for gold
You can see since April 2023, it’s been moving in a bearish (down) pattern known as an Inverse Cup and Handle.
Three parts make this Inverse C&H pattern including a.
Cup (big rounding top),
Handle (small rounding top) and a
Brim level (horizontal support).
Now that the price has broken below the brim level, means we should expect the price to continue down.
The first target I have for gold is to the next strong support (floor level) at $1,710.
This was the level that was tested in January, and it looks like the price will go back to that testing level again.
didnot break support 1858 and bounced#GOLD... what a hodling of 1858 market didnot break his immediate support and bounced,
now market next resistance is 1868 and market just placed,
keep close that area and dont be lazy here, if market hold it then again drop expected from here, other above that it will be invalid
trade wisely
good luck
XAUUSD: Thursday Gold AnalysisGold market analysis: Gold 4-hour level: At this time, it is still under the 10-day moving average and has been falling slowly. However, there are temporary signs of consolidation in the small range at the bottom. There is also a golden cross under the MACD zero axis and a gradual increase in volume. We need to observe this kind of shock. Can it continue for two or three days? When the consolidation time is longer and the middle track is gradually pushed downward, once it stands on the middle track, it means that the prototype of the bottom stabilizing structure has appeared. At that time, there will be a wave of upward corrections. Currently, it still needs Continue to wait and see; the short-term mid-rail is mainly bearish on rallies below 1840. When the rebound touched the 1833 line, which was the previous starting point and fall position, because the rebound failed to break through this key pressure level, the downward pattern was not broken. This is one of the reasons why we have always insisted on shorting. In yesterday's U.S. market, around the 1829 line, we firmly maintained our short position and traded profitably. With the upward and downward trend after the rebound, the price returned to the 1820 line. The entire rebound process ended and the market returned to a short position. Therefore, continuing to go short has become an inevitable choice. However, judging from the 4H/1H candle chart, the resistance of 1815 is still effective. The big upward or downward direction still needs to wait for the release of tomorrow's non-farm employment data.
Taken together, today's gold short-term top focus is on the resistance of 1830-1833, and the bottom short-term focus is on the support of 1815-1804;
SELL:1828-1830
SL:1836
TP1:1820
TP2:1815
TP3:1810
Look at the support near 1815 and go long
XAUUSD: 6/10, super data day is comingData released by the U.S. Department of Labor showed that the number of people filing for unemployment benefits in the latest week was 207,000, the lowest level in a year. Ohio and Alabama saw the largest declines in jobless claims, while claims rose in California. The monthly jobs report due out on Friday will provide more information on the job market. Economists expect nonfarm payroll growth to slow but remain healthy. U.S. bond yields surged to multi-year highs, driving wild market volatility. Friday's NFP and next week's inflation data will determine whether the 10-year Treasury yield rises to 5% or falls to 4.5%.
Traders see a roughly 37% chance the Fed will raise interest rates again this year, according to the CME Fedwatch tool. Gold is highly sensitive to rising U.S. interest rates, as this increases the opportunity cost of holding gold. As the end of the year approaches, we do think gold prices will appreciate next year, and we think the Fed will cut interest rates more than the market currently expects. Investors will look forward to Friday's U.S. non-farm payrolls (NFP) report, which is expected to show the labor force fell to 170,000 from 187,000. A failure to live up to the headline number could give gold prices some much-needed boost on the charts, while a "fail" scenario could see prices continue to fall.
Today is a super data day. There is no strategy suggestion. Let’s wait for DXY to give direction first. If DXY is still in the range of 107.69~105.648, it means that gold will continue to fluctuate and consolidate. Wait for today's NFP announcement and observe the DXY trend. If you trade gold, it is recommended to start next week.
XAUUSD:9/10 Today’s Trading StrategyFrom a daily perspective, gold rebounded from a low last Friday and closed at the Zhongyang line. From a disk perspective, the gold price trend last Friday was similar to last Thursday. After the gold price fell briefly due to the impact of the data, there was a short-term buying trend. At present, the daily closing line is a yang, which ends the nine consecutive yin. The MACD fast and slow lines diverge upward after the golden cross, and the RSI shows a bottom divergence. However, sideways movement that follows a decline is generally more likely to be a bearish relay. However, trading volume and correction needs at the 4-hour and daily levels have not been met. Therefore, I prefer that gold is currently in a volatile trend rather than continuing to decline.
Looking at the 4-hour chart, gold opened near the middle track last Friday. It fell after hitting a low after the evening data was released and then rebounded. It broke through the upper track and closed sideways at the intraday high. The Bollinger Bands are currently in the opening period, and the MA The three lines of the moving average are moving forward, the three lines of the KDJ stochastic indicator are upward, reaching overbought, the red kinetic energy column of the MACD indicator is increasing, and the golden cross of the fast and slow lines is upward. Gold bulls have begun to stabilize after the non-agricultural sector, and it continued to rebound by nearly 20 points before closing. Overall, it shows that the strength of the short positions has begun to slowly dissipate, and the market will gradually confirm the long position. Taken together, the gold day operation idea suggests that callbacks should be the main focus, rebounds are shorts, and the top short-term focus should be on the 1865-1868 first-line resistance. . Since gold opened higher than 20USD, we still have to wait for the US market to show a retracement before making a decision to go long.
SELL:1865-1868
SL:1873
TP1:1858
TP2:1852
XAUUSD:10/10 Today’s Trading StrategyGold's rebound from 1810 was originally expected to continue its rise this week, with the pressure measured around 1840 and 1850. However, due to the impact of the news, it has now broken through the 1855 pressure. Therefore, according to the technical continuation needs, the top can focus on the early stage. Pressure around 1880. However, the current Palestinian-Israeli conflict will not be alleviated for a while, and the risk of further deterioration is very high. It may even completely change the situation in the Middle East and the United States' entry into the market. Therefore, under this favorable situation, gold may rise at any time, but it may fall. It is no longer that easy, so even if gold tests the technical pressure of 1880-1900 in the short term, it is not advisable to blindly see pressure adjustments based on technical trends. It is necessary to make early adjustments based on the fundamental situation.
Based on the current golden hour chart and daily structure, including the situation that the Palestinian-Israeli conflict is unlikely to be alleviated in a short period of time, gold is still expected to continue rising at the beginning of this week. However, due to yesterday's jump, some of the rising space has been eaten up in advance, so as much as possible Don't chase long, but wait for a moderate correction before considering going long. The short-term technical aspect has completely returned to the upward rhythm of the bull's strong rebound. Coupled with the impact of risk aversion in the current Palestinian-Israeli conflict, in the short-term perspective, gold prices will further rely on Monday's gap of 1835 to continue to maintain a volatile upward rhythm and break high. Today's lower support attention Around 1850-1852, the day's retracement relies on this position to continue to be bullish. The upper target level is still focused on breaking high. The bulls' strong dividing line focuses on yesterday's low 1844 line. The daily line level stabilizes and continues to maintain a strong unilateral rise above this position. The shape remains unchanged, and you need to be cautious when going against the trend. On the whole, today's short-term gold operation ideas suggest that the callback is mainly long, and the rebound is supplementary. The upper short-term focus is on the 1875-1880 first-line resistance, and the lower short-term focus is on 1850-1855.
SELL:1875-1878
SL:1883
TP1:1870
TP2:1865
BUY:1853-1855
SL:1847
TP1:1860
TP2:1865
Positive signals appeared causing gold to recover as Middle EastThe current spot price for gold on the global market is approximately $1,856 per ounce. The price of gold delivered at Comex New York in December was $1,872/oz. Gold prices rose after Israel refused to make peace with Hamas. Both Israel and Hamas appear determined to continue their attacks. Talks have begun between the EU, the US, the United Arab Emirates, Saudi Arabia, Jordan and Qatar, but it is seen as too early to reach an agreement. After Israel declared war, the price of gold rose as the price of crude oil, which is closely related to gold, rose.
gold price prediction
Experts at Leader Capital Markets told Reuters the dispute is likely to be long and severe.
ANZ Bank experts expect oil prices to continue rising in the near future. The recent rise in oil prices is also due to a decline in supply due to reduced production in OPEC+ countries. Iran's export cuts could cause supply bottlenecks in the fourth quarter. When the world is unstable, gold is often seen as protection from the storm. The ongoing conflict between Israel and Hamas is likely to prompt a shift towards safe-haven investments such as gold and the US dollar.
Currently, many organizations do not provide gold price forecasts. Much is said to depend on how long the conflict lasts and how tense the situation becomes.
Assess Gold Gains and Navigating Risk AssessmentI wanted to bring your attention to the recent gold gains you may have noticed, and to prompt a thoughtful pause in your gold trading activities. In today's economic climate, it's crucial to evaluate the inherent risks attached to geopolitical uncertainties before making any impulsive investment decisions.
Recent global events have introduced significant geopolitical risks, from growing trade tensions to political unrest and instabilities in various regions across the globe. These uncertainties have fueled the surge in gold prices, as investors seek the stability and hedging properties that this precious metal historically offers during times of turmoil. This trend should not be ignored but approached with caution.
Given the inherent volatility and unpredictability surrounding geopolitical events, it is advisable to take a step back and assess the situation before initiating or expanding positions in gold. Rushing into trading decisions without adequately comprehending the potential impact of these external factors exposes one to heightened risks.
To navigate these emerging challenges successfully, I encourage you to pause your gold trading activities temporarily. A prudent approach would involve closely monitoring geopolitical developments, conducting thorough research, and leveraging insights from robust market analysis. By doing so, you can gain a better understanding of the nuances at play, mitigating potential losses and capitalizing on advantageous opportunities.
In conclusion, as a responsible trader, taking a cautious stance amid rising geopolitical risks is imperative. I urge you to put a pause on gold trading for now, assessing the evolving landscape meticulously before resuming your trading activities. Remember, patience and informed decision-making are indispensable in times of uncertainty.
Something is fishy why markets are normal even in war#GOLD... at that time when attach on Israel that was weekend and market open with a gap of 20 points around,
But at that time when USA announced that he will stand with Israel and attach on ghaza ,hamas and Putin said if USA attack I will distrou him, there is no move , why??
Something is going wrong.
Will see what will be done from market,
But technically we have 1858 as immediate supporting line below that next will be 1852 and then 1845
Keep close that areas ..
Good luck n Happy trading..
