The Seven Major Factors Affecting Gold.Firstly, the demand for gold commodities affects the price.
In addition to its use as a daily decorative item, gold plays an important role in industry, occupying an irreplaceable position in industries such as dentistry, electronics, and others. As a hedge tool, the price of gold is influenced by demand, and the supply and demand relationship directly affects the price of gold. Changes in production will also affect the gold price, such as the demand for teeth in Japan and the demand for jewelry in India, both of which directly affect the monthly price trend of gold each year.
Secondly, the gold output determines the supply-demand balance of gold.
The production of gold-producing countries directly affects the supply-demand balance of gold. Currently, China has the largest gold production, followed by South Africa. Any unexpected event, such as strikes and other special situations, will have an impact on the gold price.
Thirdly, international interest rates and exchange rates directly affect the gold price.
Interest rates and exchange rates have a direct impact on the gold price, especially the trend of the US dollar. The international status of the US gold price directly determines the status of the country's international finance, and the price of the US dollar also directly affects the price of gold. As the US dollar, which also has investment functions like gold, it directly affects the gold price. If the investment trend of the US dollar is strong, gold investment will be relatively less, while the opposite is true for the US dollar in a weak investment market, where the role of gold as a reserve asset and a hedge will be stronger.
Fourthly, inflation stimulates the gold price.
When the consumer price index rises and inflation affects investments, gold is no exception. When the price fluctuation of a country is severe, and the inflation rate is high, and the price fluctuation is severe, people's panic will intensify. When purchasing power declines, people will worry about future security and choose to buy gold to hedge, which will cause the gold price to continue to rise. Although the current role of gold in fighting inflation is not as significant as before, high inflation will still stimulate the gold price.
Fifthly, political situations such as wars can stimulate the gold price.
Political instability promotes the rise of the gold price, and war causes a rise in commodity prices, leading to a rise in gold prices. Similarly, as a critical strategic material, the price of gold has a remarkable correlation with the price of oil. When the price of oil rises, the gold price rises as well. Conversely, when the price of oil falls, the gold price also falls.
Sixth, as a safe-haven demand, gold is the first choice
Due to the small total reserves, the price of gold is relatively stable, and because it has served as a currency, it is an excellent tool for hedging and hedging. As an important hedging tool, gold has strong political sensitivity. Jewelry in prosperous times, gold in troubled times, when the economy is in recession, investment will favor gold more, and it will also directly affect the price of gold.
7. Investors’ psychological expectations
The psychological expectations of investors are an important factor affecting the price of gold, but they usually do not act alone. Instead, they often change in conjunction with the variations in the aforementioned factors, amplifying or reducing the expected value of gold and causing significant differences in its price.
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Goldtradeidea
The current price of gold is 1840, and the target 1860
We have to take a balanced view of investment and life. People who always live in the past are bad, because they have been escaping. We should not live in beautiful memories, because memories are what you have lost. Those who really know life will only miss the past and never deceive themselves.
Spot gold is currently on the 1840 line. The Federal Reserve Eagle Pestik said that slow and steadily will be the right action path, explaining the reason for the Federal Reserve to adhere to the reasons for the "steady" interest rate hikes in each meeting in the future, which alleviates Some investors are concerned about the pace of the Federal Reserve's expansion of interest rate hikes.
This trading day will usher in the United States in February ISM non -manufacturing PMI data. The market is expected to be 54.5 and 55.2 in January.
In addition, investors need to pay attention to the speech by the Dallas Fed Chairman Logan, the Federal Reserve Director Bowman and Rockmond Fed Chairman Barkin. These officials may strengthen the expectations of only 25 basis points in March, which is inclined to favorable gold prices
Golden Daily levels have formed a golden fork on the 5th and 10th moving average, and the MACD fast line has also formed a golden fork. It has always been emphasized that as long as the daily moving average and MACD dual golden fork form gold, there must be a wave of pension. It is recommended that everyone fully lay out more orders for multiple orders. We wait and see! In the early 1808 and 1809 and 1813, the long -term multi -order continued to hold positions, waiting for gold violence to rise!
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FOREXCOM:XAUUSD
MY VIEW ON XAUUSD (GOLD)On 4 hrs time frame Gold has formed an inverted head and shoulder chart pattern and the neckline has been broken and retested, there fore we are waiting for the price pullback to the neckline and trendline so that we can trigger our buying orders. WHAT’S YOUR OPINION ON GOLD??
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on.
-Trade Setup will only be valid if we have good rejection to ‘red marked area’.
-If price comes to area range enter with 50-60 stop loss.
-First target 100 pips once achieved close 50%.
-Do not enter earlier with bigger stop loss.
-Trade smart and wise.||
Good luck and Trade safe. Remember, Patience Pays.
Gold 1830 is more direct, the US market is bullish
The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly
Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend
Do it when the trend comes, don't go against it
Gold is more than 1830, stop loss 1822, target 1845-1850
I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more
OANDA:XAUUSD
Gold is under short-term pressure and may usher in a wave of adj
Gold continued to rise yesterday, and it is now approaching the high point area of the previous platform. If it cannot break through quickly here, it will fall into the consolidation stage again in the short term. Therefore, today we mainly look at the trend of shocks and pullbacks from high levels. For gold operation, it is recommended to sell at 1840, risk control at 1844, and the target is 1830~1825. If it does not rebound, it will fall directly to around 1829, and do a long short-term.
Gold sees adjustments for several reasons:
1. Gold has entered the pressure zone formed by the golden section of the previous high point, and there may be a downward trend if it is under pressure.
2. The intraday pressure is 1844~1847, and the support is 1830~1825.
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COMEX:GC1!
XAUUSD (Gold)Gold broke our ascending channel on H4 timeframe and now he's playing in 1884 and 1863 zone area
I think its getting difficult for the gold to retest the 1900/1904 zone
so now we're waiting for gold to break the H1 ascending channel that he formed
once this channel is broken and the price broke the 1863 price with a h1 candle to close under it
I'm getting into a sell (short) position till 1832
Good luck and follow for more updates
Gold: Balanced 🌿Although Gold is gaining more stability while tapping sideways, it should work on its upwards momentum to carry on with our primary scenario. In this case it would rise up to the orange target zone to complete the orange wave iii. After completion, the orange wave iv should push the Gold back into a correction. In our alternative scenario with a probability of 45%, the course would drop below the support line at $1792 instead of climbing to the orange zone.
XAUUSD top-down analysis,UPDATEDHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Short Sell Long Buy NOW
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GOLD top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD - GOLD CURRENT SITUATION- There are two special indicators that affect GOLD today. Among them will be an ISM SERVICE PMI, and a FOMC MEMBER SPEECH. These are very important ECONOMIC INDICATORS and these are quite HIGH VOLATILIE INDICATORS.
- US10Y currently stands at 2.44% LEVEL. USD10Y LONG TERM UP is going to be up if this MARKET CONDITION is SUPPORT to USD. Also, when we look at the DXY, the DXY is up to 98.87 LEVEL. So GOLD has not been able to BUY in recent days.
- GOLD PRICE is currently available on DYNAMIC S / R LEVELS. Most likely the GOLD PRICE will be SHORT TEEM UP in the future. SHORT TERM is for UP SIDE.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. Also the EQUITIES are turning a bit red. VIX is getting a bit UP. Also COMMODITIES still shows a UP SIDE BIAS. There is a NEUTRAL BIAS currently on the market. We can not say for sure whether the MARKET SENTIMENT is UP or DOWN.
- The chance of creating a DOUBLE TOP opportunity again before the GOLD PRICE is DOWN is very high. So GOLD can definitely go back to the 1966 LEVEL. Then you can definitely DOWN GOLD price up to 1817 LEVEL.
- However, the bigger picture will change if a new sentiment enters the market or the market takes a risk to strengthen the US dollar first. Today we are keeping an eye on what is happening in ISM SERVICE DATA to GOLD.
Gold is waiting to test $2075, But correction is a must.Gold started this week with an upside gap like the last week and tested above the $2002 price zone.
Last week's high was $1970, and the gold price is stabilizing above the $1970. So from the present rate, $1970 will work as minor and near-term support.
So, in the short-term picture, if gold is correct, nearly $1970/1980 zone may be a buying opportunity, and stop-loss should be below $1970 price zone and near term target $2075.
As $2075 is an all-time high rate, significant correction is necessary. From my 14 years of gold trading experience, I can say a correction is a must from the $2075/2095 price zone. It may be a significant correction because of profit-taking.
Based on the weekly and monthly chart, it says, if the gold price goes correction the all-time high price zone, it may correct to the $1930/1900 price zone, then it will continue its uptrend again till the 2330 price zone if the Rusia-Ukraine war and NATO countries sanctions exist.
XAUUSD Price Action Breakdown UpdateThe sell idea from earlier got stopped out. There was news released regarding Ukraine and caused a bullish breakout. If price respects this level of support, it can continue to retest the highs from yesterday. Waiting for support to be formed to validate my trade idea.