GOLD-Waiting for PCE data to be released
Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold.
From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern breaks through. If it breaks below, it will declare the end of the rebound and fall to 2015. If it breaks above, it will look at 2055.
So what we need today is to wait patiently and trade according to the trend after the data is released.
Goldtrend
GOLD-only one area 2034.80 keep close with patience, what' next?#GOLD.. well guys market trade in range from last few decades,
and i split in 2 bands as we discussed in our last vedio,
so guys as you can see market every time beak your upside upper band range but then showed lower volume and dropped every time..
again market break your upside upper band high and showing thin volume,
but keep close it because if volume is low then drop expected, and it will leads you towards your upper band low.
watch with patience and take decision.
good luck
trade wisely
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week.
The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday.
Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years.
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
#GOLD facing resistance in the shorter time frame!Gold is currently trending within a falling channel, with the upper resistance indicating an upcoming drop towards the 1980 level, in the short term. For a bullish trend to emerge, gold would need to break out of this channel and surpass the upper horizontal resistance.
In my opinion, Gold's price will drop towards the lower support level.
Stay tuned for further updates.
Gold’s retracement is confirmed, you can buy it directly in 2027The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027!
Recently, our short-term signals have almost completely won. As far as the current trend is concerned, the gold price has entered a narrow range of fluctuations. During the range, sell high and buy low as much as possible, so as to make more profits from the limited space. However, If the price of gold chooses one direction to break through, that's when we stop!
Specific strategy: buy gold in 2027, target 2045
GDP, the highlight for gold price growth or not ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is experiencing modest gains but remains stuck within a narrow range during Tuesday's mid-North American session. This is supported by the decrease in US Treasury bond yields, which in turn weakens the US Dollar Index (DXY) by 0.05%. Currently, XAU/USD is trading at $2,034.88, showing a gain of 0.18%.
Gold is hovering around the 50-day Simple Moving Average (SMA) at $2,033.48 as investors prepare for the release of the latest Personal Consumption Expenditures (PCE) report. This report serves as the Federal Reserve's (Fed) measure of inflation. Along with the most recent Gross Domestic Product (GDP) data, these factors could potentially trigger a breakout in the price of gold from its current trading range of $2,020 to $2,050.
⭐️ Personal comments NOVA:
Gold price is still in an Uptrend, today's GDP news could help Gold reach $2050
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015 maybe scalping $2025-$2027
TP1: $2030
TP2: $2038
TP3: $2050
🔥SELL GOLD zone: $2048 - $2050 SL $2055 maybe scalping $2042-$2044
TP1: $2040
TP2: $2035
TP3: $2030
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD-Waiting for direction selection
As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot.
Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March.
The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today.
If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041.
My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position.
Join me as I share my strategies and ideas every day to help you trade
Gold buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price (XAU/USD) continues with its struggle to gain any meaningful traction on Wednesday and remains confined in a multi-day-old trading range at around $2,030. Thursday's PCE inflation data from the US could trigger the next big reaction in the pair.
Gold now buy 2030
Target 2035
Target 2040
Target 2050
SL 2020
Gold continues to adjust slightly, today's trading trendWorld gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning.
World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected.
In particular, the expectations index decreased to 79.8 from 81.5. “An expectation index below 80 typically signals an impending recession,” the report said.
Currently, the market is waiting for the personal consumption expenditure index (PCE) report to be announced tomorrow (February 29). This inflation report is expected to give the market more clues about the timing of the first interest rate cut by the US Federal Reserve (Fed). Some experts predict core PCE (which strips out volatile food and energy costs) will rise more sharply than expected. If so, this will certainly be a "hot" topic that will be discussed at the next monetary policy meeting in March.
Last week, many Fed officials made it clear that the Fed does not intend to cut interest rates too soon and this view may be reinforced if the February 29 PCE report has hotter results than expected.
Gold Dumps Orders!Are you in shorts? This is the last chance to enter before the big drop. We've been buying and selling every price impulse so far. This is the big one we've been waiting for.
Annotations are on the chart above. As always, if you appreciate this analysis give me a boost and visit the institutes website. Analysis will be posted there first going forward!
OANDA:XAUUSD
XAUUSD BEARISH PROBABILITY hello guys ,
i think xauusd is bearish the market structure on high time frames is brearish todays candle closed as an inverted hammer tommorow will probably be a red candle add to that the price formed a double top pattern the break out of the trendline + key level will cause a price to make a lower low lower then 1980 .
DXY has a massive inverted head and shoulder so a positive addition to our technical analysis .
keep in mind a bullish probability is possible too a break out of the trendline will cause a run towards 2050.
but i am bearish !
Gold price continues to be in an increasing trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold has pulled back after reaching the 50-day Simple Moving Average (SMA) at $2,033.67 during the European session. It is currently down by 0.40% due to a decline in the value of the US Dollar (USD). The drop in gold prices can also be attributed to an increase in the US 10-year Treasury yield and traders reducing their expectations of a dovish stance from the US Federal Reserve (Fed). Currently, the XAU/USD pair is trading at $2,026.93, having reached a high of $2,037.07.
Although sentiment remains mixed, there is a slight negative bias that favors the US Dollar. Speculators on interest rates have priced out the possibility of a rate cut by the Fed in March and May. However, there is a 50% chance of a quarter of a percentage point rate cut in June. The US 10-year Treasury note has increased by four-and-a-half basis points to 4.295%, but it is still below the year-to-date (YTD) high of 4.354%. This increase in Treasury yields has put pressure on gold prices as investors align themselves with the Fed officials' expectation of three rate cuts by the end of 2024.
⭐️ Personal comments NOVA:
Gold price continues in an Uptrend according to the H1 Frame, waiting for the Resistance areas that Gold reaches in this Rising wave.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015
TP1: $2030
TP2: $2040
TP3: $2050
🔥SELL GOLD zone: $2048 - $2050 SL $2055
TP1: $2044
TP2: $2038
TP3: $2030
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold Now
Hello dear friends,
Yesterday, the gold market experienced a rather calm trading day with no significant fluctuations. The price of gold remains stable around $2033 and maintains support above $2025.
Looking at the short and medium-term trends, there is a positive outlook for gold continuing its upward trajectory. Based on recent charts, there are two main targets for investors interested in buying gold, which are $2037 and $2041.
Alongside the analysis of gold price movements, the market is also awaiting the release of the Personal Consumption Expenditures (PCE) report from the United States. This inflation data is expected to provide further insight into the future direction of interest rates from the Federal Reserve, with an anticipated increase of 0.4% per month forecasted for Thursday. Fluctuations in the PCE could impact the price of gold, especially if the actual data exceeds expectations, potentially triggering a downward price adjustment for this precious metal. However, it seems that the market still believes that gold will maintain its position above $2000/ounce, retaining its attractiveness to investors.
With expectations and continued monitoring of market developments and influencing factors, investors and those interested in gold will continue to observe and respond appropriately to the latest information and market trends, in order to make informed investment decisions.
Gold breaks resistance, awaits pullback to 2031 to buyLooking at the one-hour market, gold prices are currently running above the moving average support of 2025, while the retracement is hovering around the 2031 line. The short-term retracement trend remains unchanged! As far as the technical form is concerned, I personally think that the adjustments have been made, and now is an excellent time for a long-term layout! Intraday operation 2031 buy!
From a technical point of view, the gold price has already broken through the previous key pressure level of 2031, and short-term bulls have entered a new range. However, the top is facing the pressure of the four-hour downward trend line at 2050. The short-term bull target will first look at 2045, and when the gold price reaches and Decide on a new direction and make further plans!
Good luck to everyone
Xauusd up Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2036
Target 2040
Target 2060
SL 2024
XAUUSD:26/2 Today’s analysis and strategygold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, support below 2030-15
Gold operation suggestions:
From the daily analysis, we are currently focusing on 2037-40 suppression at the top and support at 2030-15 at the bottom. If there is no stimulus from bullish news, gold may surge higher and then fall back.
SELL:near 2041
SELL:near 2015
BUY:near 2000
GOLD-Today's analysis
From the 4H chart, we can see that gold has strong support from yesterday’s moving average. As long as it breaks through 2040, there will be some room for growth.
The upper resistance range is 2045-2049, 2055-2058
In an obvious upward trend, we cannot sell blindly and wait for a suitable range to sell.
Or wait for an obvious support range to buy
You can make a reasonable choice to buy or sell based on the support and resistance ranges on the chart.
Join me and every day I will share my strategies so you can learn how to trade
Gold End Of Week RallyWelcome to another trading week in the gold market. For this week I expect gold to trade lower and then really towards the end of the week. Reaching for the $2,066 figure and hopefully slightly higher.
This is the first official Weekly projection post for the institute. Thank you for engaging with my content. Check description below for access to the institute.
I will be posting daily projections throughout the week, stay tuned. Like, follow and comment what you think we will see from Gold this week.
OANDA:XAUUSD
GOLD tricking SELLERS and then DROPPINGOANDA:XAUUSD
Opening bell 6pm NY time marks a new trading day for us in the Gold market. Yesterday we witnessed price being being delivered to the downside and forming an inside bar. Itching closer towards our weekly target for the "low of the week".
For today's projection I expect price to trick sellers by running up into the outlined target adn then dumping below friday's low and in the POI for our low of week target.
More updates to come as the day unfolds. Thank you for following and happy trading.
As always check below for access to the institute!
GOLD - at his single important resistance? whats next?#GOLD.. so guys market very well smoothly hold your upside resistance area as we discussed in our last idea about 2042
now again we have one n only resistance area same 2042, it will play key role in current week guys.
keep close it and manage your positions accordingly,
if market hold your upside resistance area then downside we have upto 2021, dont be lazy here and dont hold your buying positions before breakage of 2042.
good luck
trade wisely
GOLD TEST THE SUPPLY ZONE 2038 PULBACK SHORT 2019The market has currently approached the supply zone, touching the level of 2038. In light of this development, the prevailing sentiment indicates a probable shift towards a downward trajectory, targeting the selling zone situated around 2019. Consequently, this presents a potential selling opportunity for traders, with key trading symbols indicating a favorable setup for short positions.
Please also give your advice guys don't forget to like comment and follow thanks for your support