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Gold tumbles: Eyes on UK inflation next Gold tumbles: Eyes on UK inflation next The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of when the Federal Reserve might implement its initial rate cut. The US dollar surged on this news, with the USD/CAD hitting a multi-month high, and the EUR/USD hitting multi-month low. Gold dropped below the $2,000 mark, significantly trailing all its moving averages. The 7-day SMA accelerated its descent below the longer ones, reaching around $2,010. On the 4-hour chart, technical indicators indicate a possible stabilization in oversold territory, signaling a potential exhaustion in the downward movement. This perhaps suggests a likelihood of consolidation before the next significant directional shift. The release of UK inflation data tomorrow might serve as the next catalyst for market movements. Consumer prices are anticipated to decline by 0.3% on a month-over-month basis, with the annual inflation rate expected to increase for the second consecutive month, reaching 4.2%.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold DOWN with CPI news today !! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is experiencing a decline for the fifth consecutive day during the early Asian trading session on Tuesday. The ongoing narrative of the US Federal Reserve (Fed) advocating for a prolonged period of higher interest rates is exerting downward pressure on the non-yielding yellow metal. Investors are eagerly awaiting the release of crucial US inflation data, as it may offer insights into the Fed's future decisions regarding interest rates. Currently, the price of gold is hovering around $2,018, reflecting a decrease of 0.06% for the day. Meanwhile, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major world currencies, remains stable at approximately 104.12. The yields on US Treasury bonds are slightly increasing, with the 10-year yield currently standing at 4.17%. ⭐️ Personal comments NOVA: Gold prices tend to continue DOWN during the Monday trading session, it is expected that the price will continue in the downtrend and can approach the price range of $2005. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1995 - $1997 SL $1990 TP1: $2000 TP2: $2005 TP3: $2010 Pay attention to 2 support zones: scalping BUY $2015 and BUY $2005 🔥SELL GOLD zone: $2028 - $2030 SL $2035 TP1: $2024 TP2: $2020 TP3: $2015 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
OANDA:XAUUSDShort
by Nova-Scalper
8
🥇Gold🥇is Ready to Fall✅Gold finally managed to break the Support lines . 🔔I expect Gold to trend lower this week and be in the 🟢 Support zone($2,010_$2,004) 🟢. Gold Analyze ( XAUUSD ), 1-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.
OANDA:XAUUSDShort
by pejman_zwin
1
GOLD 4H : will rise up again ?? let see GOLD New forecast The price perfectly fulfills my last idea and price reached to our targets +200 pip. The price of gold is fluctuating near the pivotal support for 2017, noting that the indicators are getting rid of its negative momentum to reach oversold areas, waiting to stimulate the price to resume the expected upward trend for the coming period, which targets the areas of 2031 and 2043 and extends to 2055 again as the next main stations. Therefore the upward scenario will be more likely during coming period , Breaking 2031 level will enhance expectations of a rise after getting rid of the intraday negative pressure that has been controlling the price recently, taking into account that breaking 2007 will stop the upward trend and force the price to make a further downward correction. The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized . support line : 2017 , 2007 resistance line : 2043 , 2055 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDLong
by Arazmajeed
3
CPI Setup GOLD | Safe Zone CPI Setup GOLD | Safe Zone H1 Timeframe Current point 2027.50 - This Setup is not based on Sell or buy - According to last CPI Gold firstly moves 100+ pips in buy and then lay down - After Structuring the data we expected 100 pips buy then gold will fall - We set the safe zone if and if gold break the 2041 area then next move would be 2047 furthermore on the major support level if gold retest to break the 2012-2011-2010 next target would be 2000.00 - At a same time CPI , CORE INFLATION RATE , YOY AND MOM all are highly impact news - use proper lot size and risk management to secure profit because patience is a major key This Analysis is uploaded at 13/02/2024 Cheers ..
OANDA:XAUUSDLong
by professionaltradersfx
1
Cumulative Gold prices prepare for INFLATION data⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to trade within a range as it enters the European session on Monday, currently sitting just above last week's monthly low. The prevailing belief that the Federal Reserve (Fed) will maintain higher interest rates for a longer period of time in light of the resilient US economy is supporting elevated US Treasury bond yields. This, coupled with the positive sentiment surrounding the stock markets, is acting as a hindrance for the safe-haven precious metal. However, the uncertainty surrounding the timing and pace of interest rate cuts by the Fed is not helping the US Dollar (USD) gain significant traction, which in turn is offering some support to gold prices. Traders are also hesitant to take aggressive positions and are waiting for the release of the latest US consumer inflation data on Tuesday, as it will provide clues about the Fed's future policy decisions. This data will play a crucial role in influencing the short-term price dynamics of the USD and will impact the direction of movement for the non-yielding commodity. ⭐️ Personal comments NOVA: In the first trading session of the week, Gold prices continued sideways in the $2020 - $2035 price range waiting for important CPI data this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2010 TP1: $2022 TP2: $2026 TP3: $2031 🔥SELL GOLD zone: $2029 - $2031 SL $2035 TP1: $2024 TP2: $2020 TP3: $2015 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Is gold going higher high upto 2047 level ? HELLO Ligand traders ! Lets have a weekly forex forecast on gold! We had a drop after spiking up on last friday. I know that all traders are looking for sell. But i am not! Because I think gold may make more higher high ! Many are saying that dollar is getting stronger and interest rates are seeking higher too , but i dont think so . I am expecting gold to bounce off from lower low to around 2042 at least , then 2047. Areas of values are shown in chart .Happy Trading .
OANDA:XAUUSDLong
by AHAD_FX
GOLD - Expect a long position ✅Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: As we can see here price is in a triangle, for now I expect we could see bullish price action if price rejects from trendline. My target is resistance zone. Fundamental news: Next week is full of news with impact on USD. On Tuesday we will see results of monthly and yearly CPI on USD. On Thursday we'll have Retail Sales on USD. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD
2
Going to the end of Gold's H4 trend !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 12/2 - 16/2/2024 🔥 World situation: Ending the week, Gold price sideways around the price range above $2020 - $2040. Continue to accumulate, waiting for more news on US inflation data Next week will see a lot of notable news such as: CPI, Empire State Manufacturing Index, Unemployment Claims, PPI,... 🔥 Identify: Technically: in the long-term H4 frame, Gold price continues to be in the two trend lines in the $2000 - $2040 price range, and will break the structure if it passes the two BREAK point areas as shown in the picture. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2035, $2056 Support : $2020, $2000 🔥 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
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold Weekly Update 12-16 Feb 24The market appears to be moving sideways from 2021 to 2030, with minimal fluctuations expected in the next one or two days. However, a breach below the 2020 level on Monday could lead to a downward trend, potentially reaching 2010-2005, marked as Target 01. If the downtrend persists, further decline to 1990-1980 is anticipated, labeled as Target 02. Conversely, breaking above 2036 may propel the market upwards, with a potential target of 2055. Stay tuned for updates and follow for more information.
OANDA:XAUUSDShort
by sheikhhamza306
Expect a slight decrease at the end of the week!! XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is consolidating within a narrow range around the $2035 region per troy ounce during the early trading hours in Asia on Friday. At the same time, the US Dollar Index (DXY), which measures the value of the USD against a basket of six major currencies, is recovering and surpassing the 104.00 mark. The yields on US Treasury bonds are also rising, with the 10-year yield currently at 4.16%. A decrease in the number of initial jobless claims in the US highlights the resilience of the economy and could potentially lead the Federal Reserve (Fed) to hold off on cutting interest rates in the near future. According to data released by the US Department of Labor on Thursday, the number of weekly initial jobless claims dropped to 218K for the week ending February 3, down from 227K in the previous week. This figure was slightly higher than the market consensus of 220K. Additionally, continuing claims decreased by 23K to 1.891M for the week ending January 27. ⭐️ Personal comments NOVA: Gold prices continue to show stability, buyers and sellers have great competition at this price range. Continued sideways large range $2010-$2040 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL 2010 TP1: $2025 TP2: $2032 TP3: $2040 🔥SELL GOLD zone: $2048 - $2050 SL $2055 TP1: $2040 TP2: $2030 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
OANDA:XAUUSDShort
by Nova-Scalper
3