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Gold Falls 1% as Fed Supports Rising Dollar Introduction: In recent market developments, gold prices have experienced a significant 1% drop as the Federal Reserve's support for a rising dollar takes center stage. This shift has caught the attention of traders worldwide, prompting concerns and deliberations about potential short-term opportunities. In this article, we will delve into the factors contributing to this decline and explore why it might be an opportune moment for traders to consider shorting gold temporarily. Understanding the Fed's Impact: The Federal Reserve's stance on monetary policy plays a crucial role in shaping currency values and subsequently affecting the price of gold. As the Fed supports a rising dollar, it signals confidence in the US economy and its recovery, which often leads to a decline in gold prices. This inverse relationship stems from the fact that gold is often viewed as a safe-haven asset, inversely correlated with the strength of the dollar. Evaluating the Temporary Opportunity: Considering the current scenario, traders should approach the decline in gold prices with a cautious yet opportunistic mindset. While short-term fluctuations are common in the financial markets, this particular drop presents a unique opportunity for those looking to capitalize on the temporary dip in gold prices. Call-to-Action: Temporary Shorting of Gold With a concerned tone of voice, we encourage traders to consider the following actions: 1. Conduct Thorough Analysis: Before making any trading decision, it is essential to conduct a comprehensive analysis of the market, taking into account various factors such as economic indicators, geopolitical events, and the overall sentiment towards gold. 2. Set Clear Objectives: Define your short-term trading objectives and establish a clear exit strategy. Determine the desired profit targets and consider implementing stop-loss orders to mitigate potential risks. 3. Monitor Market Indicators: Stay updated with the latest market indicators, including economic data releases, central bank announcements, and any significant developments that may impact the value of gold or the dollar. 4. Utilize Risk Management Techniques: Implement sound risk management techniques, such as proper position sizing and diversification, to protect your portfolio from potential losses. Conclusion: While the decline in gold prices may be concerning, it also presents traders with a temporary opportunity to short gold. By carefully analyzing the market, setting clear objectives, and employing effective risk management techniques, traders can potentially capitalize on this dip. However, it is crucial to remain vigilant and adapt to changing market dynamics, as the volatility in gold prices can be influenced by multiple factors. Disclaimer: Trading involves risks, and the decision to short gold should be made after careful consideration of one's risk tolerance, financial situation, and market knowledge. It is advisable to consult with a financial advisor or professional before initiating any trading positions. Remember, seizing opportunities in the financial markets requires diligence, knowledge, and a calculated approach. Good luck with your trading endeavors!
OANDA:XAUUSD
by bryandowningqln
XAUUSD (Gold): 19/09/2023: 🔴Important sell zone🔴 As you can see price started an upward move after collecting the liquidity below 1903 and there was a liquidity pool above 1930 that was collected. Now price touches the important supply zone that can push price down. In this zone with a lower time frame confirmation, we can enter short and expect the price to go down at least till FVG. 💡Wait for the update! 🗓19/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:XAUUSDShort
by VahidTradingCR
1
XAUUSD:27/9 Today’s Trading StrategyWednesday: During the international prime Asian trading session, also boosted by the rebound from bottoming out overnight and the decline of the U.S. stock market, the decline stopped within a narrow range, but the fluctuations were limited, and there is still a risk of a short-term decline. Yesterday, gold once fell below 1900, the first low since August 23, and finally closed down 0.78% at 1900.74. After gold continued to decline in the previous trading day, it is currently temporarily supported at the 1900 mark. This is also the position where it was supported and rebounded in the last round of decline, but this time it will not be so lucky to rebound. After the market price touches this line, there is almost no rebound trend, but it continues to fluctuate around this line. It seems that the bulls have given up resistance, so it is only a matter of time before this position is broken. The correction pattern after a decline is nothing more than two situations, either a rebound correction or a sideways correction. After 1947 fell below 1915, there was a rebound from 1915 to 1930. This rebound is a rebound correction. Yesterday's shock around 1917 was a low-level sideways correction. Today's market is similar to yesterday's situation, which is also a low-level shock and sideways correction. After the sideways correction is completed, it will continue to move. fall. Yesterday was almost a unilateral decline. Gold rebounded weakly in the second half of the night. The highest in the early morning could only be around 1903.6, which shows that the market is extremely weak. In the short term today, it will continue to decline further. The next step may be to test the 1890 mark, so today's The operation is to follow the trend! SELL:1905-1908 SL:1912 TP:1901 TP2:1896 BUY:1887-1890 SL:1883 TP1:1895 TP2:1900
OANDA:XAUUSDShort
by ActuaryJ
Understanding the Debate: Bitcoin ETFs and Investor Protection Talking About Bitcoin Funds: People in the US are having a big talk about whether it's okay to have special funds that let regular folks invest in Bitcoin, like buying a piece of it without dealing with all the technical stuff. Worried About Protecting Investors: Some important folks in the government are concerned about making sure regular people who want to invest in Bitcoin are safe. They think these special funds (Bitcoin ETFs) might be a safer way to do it. Mysterious Court Decision: These important people mention a decision by a court, but they didn't explain it. It seems this court decision might be a reason why they want the special Bitcoin funds to be allowed faster. Still Not Sure: The decision about whether to allow one of these special Bitcoin funds, managed by Cathie Wood's Ark Invest, has been delayed until November. This shows that the rules for dealing with Bitcoin in the US are still not very clear. Why It Matters: The big talk and the decision in November will affect how regular people can put their money into Bitcoin. If these special funds get the green light, it might make it easier and safer for people to invest in Bitcoin. But the delay and the ongoing talk show that people in charge are still figuring out how to handle Bitcoin, which can affect how it's used and invested in the US.
BITSTAMP:BTCUSD
by Captain_Only
Understanding the Current Standstill in Cryptocurrency Markets aCryptocurrency Prices Aren't Moving: Cryptocurrency values, especially Bitcoin, have been staying about the same recently. When prices don't change much, fewer people want to buy or sell them. Less Buying and Selling: People aren't trading as much on big cryptocurrency websites like Coinbase and Binance. That means they're not buying or selling as many cryptocurrencies as they used to. Companies Are Feeling It: Some businesses that help with cryptocurrency trading are doing less business in the United States because there's not as much trading happening. Trouble for People Who Invest: When fewer people are trading, it can be tough to buy or sell cryptocurrencies at a fair price. This can cause problems for people who invest in them. Investments in Cryptocurrency Companies Are Down: Less money is being put into cryptocurrency companies compared to companies that work on AI and machine learning. This shows that investors are more interested in AI right now. Hope for the Future: There's a chance that good things could happen in the future, like getting approval for a Bitcoin investment fund and an event that could make Bitcoin worth more. But there are also problems to deal with, like rules and legal issues. People Are Still Positive: Even with these challenges, many people still believe in the future of cryptocurrency. They think it's important for regular people to get involved again to make the cryptocurrency market better. To sum it up, cryptocurrency prices are staying the same, which makes people trade less. This affects companies and investors. More interest is going toward AI, but there's hope for cryptocurrencies with possible future changes. Despite difficulties, people are optimistic about cryptocurrency's future.
BITSTAMP:BTCUSD
by Captain_Only
39
Gold outlook with DXY confirmationGold took liquidity resting at 1913 got rejected in the demand zone at 1910 where Price got a big momentum to the upside and this has given the impression that a reversal is inbound for Gold Using the Fib retracement tool we can see that GOLD got rejected at the 78.6% line which is a strong reversal level for Price when starting out a new wave DXY is also showing signs of weakness and if the daily candle for DXY closes as a bearish candle, then our bullish move on GOLD is confirmed This is not an advise to buy yet but an impression as we are waiting on DXY if it would close on today's candle bearish.
TVC:GOLD
by owlswift_fx
Go short first, then go long, and keep making money!The trading ideas I will share with you today are: first, close our long gold order in the 1915-1913 area at the 1923 position and stop the loss in time; secondly, we will short gold in the 1915-1913 area. Obviously, our timely stop loss greatly reduced the loss of our account, and we promptly adjusted our trading strategy to short gold near 1913, and successfully reached my expected profit target of 1908. At present, gold is completely in a short trend, and the short energy has an absolute advantage. Therefore, our trading strategy has been to maintain a high level of shorting gold recently. At present, gold has reached the lowest level of 1900 mark area. At this stage, we should not go long gold easily.Friends with aggressive trading styles can try to do long gold in small batches around the 1903-1900 area to gain local rebound profits. After gold rebounds, we will look for opportunities to short gold again. 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!
OANDA:XAUUSDShort
by Trader_Antonio
Again, will gold go bearish? Today's H4 AnalysisHello everyone, I have some fresh updates on the gold market. The pace at which gold is currently moving is relatively quick, having already shattered two resistance levels. If we consider an alternative scenario, the levels of 1938 and 1940 are now seen as viable resistances. It appears that there is a considerable bearish momentum in the market. If the 1928 & 1930 support levels give way, we should brace ourselves for our final target which lies at the 1916 & 1903 marks. please note that financial markets can be unpredictable, and it's essential to consider various factors and perform thorough analysis when making trading decisions. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading
2
Will Gold Meet Our 1903 Goal? Check today's analysisIn FOMC News, when gold broke from 1947.2, at that time it had come down continuously till 1914, then pulled back and gone up to 1925. Still,  the market is running on 1925.   1929.80 is a great resistance; if Gold does not break it, Gold will come down further; then the support is 1916 and 1912.   We think it will break them too and meet our target of 1903. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading
4
Now, gold goes up? or Still 1903 Target AvailableAs we said in one of our analyses yesterday, if the market breaks 1916, then the market will go down further. We saw that the market actually went down, and now the market has pulled back a bit and is up to 1916. We expect the market to go lower now and meet our target of 1903. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSDShort
by MsProTrading
4
Bears in control: The ongoing battle for GoldIn yesterday's post, I wrote that XauUsd is in no man's land as long as the price stays between 1915 and 1930, and, although at the time of writing this is still the case, the recent price action gives us some hints for the future move. As we can see from the chart, after the low at 1885, XauUsd reversed strongly and a rise to 1950 followed. However, after the correction to 1900, the price couldn't manage to reach a new high and dropped again to the important 1915 zone. The new attempt from bulls was rejected twice in 1930 on Friday (BTW, this made me quit my long trade yesterday) and yesterday twice more. All this suggests bears took total control and this will be the case as long as the price stays under 1930. Technically, the 1910-1915 zone is confluence support, and for down acceleration, a break of this zone is needed. In such an instance I expect a drop under 1900 to 1885 for the first leg down, but, in the medium term, a new drop under 1900 could lead to a test of major support at the 1850 zone. Best of luck and happy trading! Mihai Iacob
OANDA:XAUUSDShort
by Mihai_Iacob
23
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
OANDA:XAUUSDLong
by ForexPlanet20
Gold Symmetry in Flat Market In the trading idea I am sharing today, I want to highlight the recent developments in the gold market. Gold had been holding above the key support level of 1920 for the past week, but unfortunately, it broke below that level yesterday. Currently, the price has reached 1910, indicating some bearish momentum. In the broader context, we can observe that gold is trading within a range of 1905 to 1918. This range provides us with potential opportunities for both buying and selling positions, depending on market conditions. To sum it up, we have seen a significant break below the 1920 support level, with the price currently at 1910. The range of 1905 to 1918 offers potential trade opportunities, and we should be prepared to take positions accordingly, considering both buying and selling possibilities. Let's dive in and monitor the market closely.
FOREXCOM:XAUUSDShort
by Saibi_FX
XAUUSD:26/9 gold trading strategyIn Asian trading on Tuesday, the U.S. dollar index remained strong and is currently around 106.00. Spot gold continues to be suppressed, with the gold price currently trading around 1914. Gold prices are testing the key support level of 1911. Gold is technically bearish, with pressure still at the 1900 level. Gold prices fell on Monday, erasing Friday's rebound, with prices near last week's lows facing pressure from a stronger dollar and rising U.S. Treasury yields. The technical aspects of gold were suppressed yesterday in volatile trading, and then fell back and broke through the bottom to close. The Asian and European markets as a whole fluctuated in a narrow range around the 1921-1926 area. The US market repeatedly shot higher and tested the 1926 mark, and finally fell back under pressure and accelerated its decline. Closing at the 1915 mark in the evening, the overall price fell suppressed at the 1926 line. The current price has returned to the previous low near the 1915 mark and is running weakly. It is inevitable to continue downward in the short term, and the overall trend is still bearish. Yesterday, the market closed with a big negative line with a slightly longer upper shadow line. After such a formation, today's market continues to be bearish. The 4-hour chart is under pressure and fluctuates around the middle rail, and today's short-term outlook continues to decline further. The next step It is possible to test 1900 and rely on the short-term high of 1917 as a defensive point to rebound and go short first. The resistance point moves down to 1920. The hourly chart is in a state of shock and turbulence. The moving average indicators are chaotic and divergent, with signs of a slight downward turn. Today, Jiesse suggested to prioritize shorting at high levels and then going long at lows. Gold fluctuated and closed lower, so we will follow the trend. In the short term, focus on the 1917-1920 range for shorts at the top, and focus on the 1905-1908 US dollar support for longs at the bottom. If the bottom quickly breaks through the 1905 support, gold is expected to return to 1900 again.
OANDA:XAUUSDShort
by ActuaryJ
1