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Goldtrend

Trading strategy after PPI news, gold increased sharply againWorld gold prices increased with spot gold increasing by 21.9 USD to 2,357.6 USD/ounce. Gold futures last traded at 2,363.6 USD/ounce, up 21.1 USD compared to yesterday morning. Weakness in the USD and Treasury yields following US producer price data for April provided a boost to the yellow metal. The dollar fell 0.2% after US data made gold cheaper for buyers holding other currencies. Yields on the benchmark 10-year Treasury note also fell, reducing the opportunity cost of holding this non-couponing asset. The US producer price index (PPI) in April increased by 0.5% over the previous month, a stronger increase than the forecast of 0.3%. Core PPI (excluding volatile food and energy) also rose 0.5% in April versus forecasts of 0.2%. However, March PPI was revised down to -0.1% from a 0.2% increase in the initial report. Although the April PPI report supported those who expected the US Federal Reserve (Fed) to delay interest rate cuts, the sharp downward revision to the March PPI clearly tempered the increase slightly. larger than expected in April PPI.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trading strategy today, identify uptrendWorld gold prices decreased with spot gold down 27.2 USD to 2,335.7 USD/ounce. Gold futures last traded at 2,342.2 USD/ounce, down 32.8 USD compared to yesterday morning. Short-term futures traders rushed to book profits after recent gains put pressure on the yellow metal in early trading of the week. Meanwhile, the market is still waiting for further data to know more about the interest rate direction of the US Federal Reserve (Fed). Currently, traders and investors are waiting for important US inflation data for April with the producer price index to be released on May 14 and the consumer price index on May 15. 5. PPI is forecast to increase 0.3% over the previous month, compared to a 0.2% increase in the March report. CPI is forecast to increase 0.4%, unchanged from the March report. CPI Annual growth in April is forecast to increase by 3.6% compared to a 3.8% increase in the March report. Recently, Fed officials have said that the Fed will loosen monetary policy if there is evidence that inflation declines sustainably. Therefore, this data is very important and is expected to have a great impact on the future direction of gold. In a recent interview with Kitco News, global investment strategist Tim Hayes of Ned Davis Research expects gold prices to eventually surpass last month's record high above $2,448 an ounce, but the breakout could may not happen until the Fed actually cuts interest rates.
OANDA:XAUUSDLong
by FalCol_TradingMaster
World gold prices will continue to increase in the long termGold buy limit World gold rate extended with the aid of using 15 USD/ounce, to 2,356 USD/ounce after americaA manufacturer rate index (PPI) introduced a warm growth. US April PPI extended 0.5% over the preceding month, in comparison to expectancies of a 0.3% growth. The center PPI rate (apart from meals and energy) additionally extended 0.5% in April in comparison to expectancies of handiest a 0.2% growth. However, the March PPI quantity turned into revised right all the way down to terrible 0.1% from the to start with stated 0.2% growth. An index this is of hobby to the market, introduced on May 15, is the purchaser rate index (CPI). CPI is forecast to growth 0.4%, in comparison to the March file displaying a 0.4% growth. The annual CPI in April is anticipated to growth with the aid of using 3.6% in comparison to a 3.8% growth withinside the March file. US Federal Reserve Chairman Jerome Powell spoke in Amsterdam announcing inflation has been better for longer than the Fed anticipated and it seems it'll take the Fed longer to be assured that inflation Inflation will fall to 2% annually. He stated the Fed will preserve restrictive economic coverage till inflation falls to a stage the Fed is happy with. Powell`s remarks did now no longer come as a wonder to the market.
TVC:GOLDLong
by TheLeader_WOLF
PPI good for USD - Gold falls ! today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices bounce back even as the US Dollar consolidates on Tuesday. However, the rise could be restrained as investors anticipate key US inflation data. Continued high US rates have pressured gold prices recently, but increasing Middle East tensions may temporarily support them. ⭐️ Personal comments NOVA: Gold price is still recovering - however today's PPI data is likely to support the dollar - Gold is under selling pressure ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2308 - $2306 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2376 - $2378 SL $2383 TP1: $2370 TP2: $2360 TP3: $2350 ⭐️ 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
7
GOLD-analyze The focus of the market this week will be the US PPI data released on Tuesday, followed by the CPI data on Wednesday. Consumer prices came in higher than expected in the first quarter, suggesting the Federal Reserve may cut interest rates less often this year. Then, job growth in April was weaker than expected, leading investors to rekindle bets on two rate cuts of 25 basis points each this year, but that view depends largely on softening inflation and awaits more news from the market. . In addition, Federal Reserve Chairman Powell and European Central Bank Governing Council Member Knott jointly attended a meeting and delivered a speech on Tuesday, which also needs to be focused on. Yesterday, gold started to fall from 2364, reaching the lowest level near 2332. With this trend, unless you sell from the beginning, it will be difficult to follow the trend. If you are not an aggressive trader, it will be difficult to trade yesterday. Therefore, during yesterday's decline, I No suitable opportunity found After yesterday's decline, we can confirm that the high point of this cycle is 2378, which is difficult to break. However, if the Bollinger Band does not break, it may also fluctuate at a high level. Therefore, there is no absolute long-short trend. Today’s key support point is 2330. If it cannot fall below 2330, I think it is likely to continue to rebound. The upper resistance is around 2350 and 2365. Today you can try to buy near 2330-2335, SL: 2326, or wait for the first resistance point 2350 to sell, use small lot, or wait for 2365 to sell, and make reasonable arrangements according to your own funds The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Gold confirms uptrend, entry buy todayGold prices fell in today's Asian session, consolidating some recent gains as traders turned more biased towards the dollar ahead of key US inflation data later in the week. The yellow metal saw some strength last week as some signs that the US economy was cooling sparked speculation of a rate cut by the US Federal Reserve (FED). capacity in 2024. However, gold remains below record highs hit in April and is expected to trade in a tight range ahead of this week's inflation data. The broader gold and metals market is ahead of key US inflation indicators this week. Producer price index data for April will be available on Tuesday, while more closely watched consumer price index data will be available on Wednesday. Any signs of inflation trouble are likely to further dampen expectations for a U.S. interest rate cut this year, boosting the dollar and pressuring metals prices. The greenback stabilized after recent fluctuations. Data on Friday showed US consumer confidence weakened significantly in May, but inflation forecasts remained high next year. Rising precious metals prices were also pressured by this week's inflation figures, as higher interest rates for longer increased the opportunity cost of investing in metals markets.
TVC:GOLDLong
by FalCol_TradingMaster
Gold prices have strong fluctuationsGOLD ANALYSIS - May 14, 2024 ⬆️Buy gold across the charge variety of 233x ⬇️Sell gold across the charge variety of 235x Yesterday, the charge of Gold had a downward fashion as expected, symptoms and symptoms of purchasing seemed across the 233x area. Traders can prioritize shopping for across the cutting-edge charge variety and anticipate a sturdy growth withinside the close to future. Stop as quickly as gold breaks the 233x charge variety. Gold goal may be 2350 today. Other valuable metals additionally went up yesterday. Silver fees extended 0.3% to 28.2 USD an ounce. Platinum brought 0.6%, to 1,000 USD - the best in almost a year.
TVC:GOLDShort
by TheLeader_WOLF
GOLD an EPIC FAILThis time i definitely made an epic fail on GOLD. I was expecting a drop below the short term trendline, but i price went in the opposite direction and price pumped till the resistance level i drawed some days ago. I was studying this move, and actually i think that XAU reached a possible bounce level to resume the upside moves. Price actually is ranging above the short term resistance trendline (now support, retest completed) and it's also in a strong support zone on H1/H4 timeframe (the black box). I think that price could bounce now, otherwise a drop below the black box could give some short opportunity. I will watch the price closely waiting for a signal
OANDA:XAUUSDLong
by SaliJournal
GOLD XAU/USD Robbery Plan to become a RichMy Dear Robbers / Traders, This is our master plan to Heist Gold Mine based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:GOLD
by Thief_Trader
1
Gold Prices to Continue the Bullish Trend During 2024As 2024 unfolds, gold prices are poised for a significant surge due to the economic and geopolitical forces that underline a strong bullish trend in the market. Despite the challenges posed by a strengthening U.S. dollar and hawkish stances from the Federal Reserve, gold has maintained robust performance. This strength is further supported by a marked increase in global demand, as highlighted in reports from the World Gold Council. Investments in the over-the-counter markets, steadfast buying by central banks, and rising demand from key Asian economies like China and India underscore gold’s dual role as a traditional safe haven and a crucial hedge against currency risk and inflation. These factors, combined with an uncertain geopolitical landscape and the potential for softened Federal Reserve policies, are crafting an environment ripe for gold’s value to climb, making it an increasingly attractive investment for 2024 and beyond. 💵 SELL TVC:GOLD 2365-2367💵 ✔️TP 2355 ✔️TP 2345 ❌SL 2375 💵 BUY TVC:GOLD 2340 - 2342💵 ✔️TP 2350 ✔️TP 2360 ❌SL 2333
TVC:GOLDShort
by MrTrongVo
Will XAUUSD come back or continue to increase strongly?World gold prices last week mainly maintained a recovery trend. At the beginning of the trading week, precious metal prices were listed above 2,300 USD/ounce and spent most of the trading week in the range of 2,310-2,330 USD/ounce. During the trading session on May 10, the world gold price at one point recovered to 2,375 USD/ounce. However, the upward momentum did not last long, causing the gold price to fall by 15 USD and end the weekend session at 2,360 USD/ounce. Over the past week, precious metals increased by 2.5% thanks to US employment data supporting dovish views on monetary policy. In addition, military tensions are increasing in both the Middle East and Ukraine; At the same time, data also shows that gold demand from central banks and other needs are all on the rise. Experts assess that gold is still receiving positive support in the coming time as more and more central banks appear willing to lower interest rates, thanks to the above factors. Kitco News' latest weekly gold survey finds industry experts are bullish on the precious metal.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold is likely to return to the 24xx area this weekLast week, the yellow steel published modest profits as expectancies that the United States Federal Reserve (Fed) might loosen coverage this 12 months improved following vulnerable monetary data. Experts say that subsequent week is an vital time to determine whether or not gold will attain a brand new document or now no longer while the marketplace gets the April patron rate index and manufacturer rate index reports. Recently, The Fed emphasised that America`s inflation strugglefare isn't powerful while inflation remains a lot better than the goal degree of 2%. In addition to the patron rate index and manufacturer rate index, this week the marketplace will anticipate the United States retail income report, the wide variety of weekly unemployment gain applications, and the assertion of Fed Chairman Powell in Amsterdam. According to Larry McDonald, founding father of the Bear Traps Report, the United States is in a chronic inflation strugglefare, in which all asset training will see "sizeable" revaluations and as Therefore, capital flows withinside the marketplace will steadily shift to difficult assets. “This is the time while the Fed takes action, which creates a bullish situation for difficult assets,” he said. McDonald believes that a few metals have sizeable rate will increase and predicts gold charges will attain $3,000-3,500/ounce withinside the subsequent 12-18 months.
TVC:GOLDLong
by TheLeader_WOLF
How To Start Investing In Gold (7 Ways)Gold's allure as a precious metal transcends time. It has served as a symbol of wealth, a reliable store of value, and a hedge against inflation for centuries. For investors seeking to diversify their portfolio and protect their purchasing power, gold can be a strategic asset. This guide explores seven methods for investing in gold: 1. Physical Gold (Coins and Bullion): Owning physical gold, like coins or bars, offers a sense of tangible ownership and security. However, there are drawbacks. Secure storage is crucial, and selling physical gold can be inconvenient, potentially incurring fees or melter costs. 2. Gold ETFs (Exchange-Traded Funds): These investment vehicles track the price of gold, allowing you to trade them on a stock exchange like a stock. ETFs offer advantages like affordability (you can buy smaller amounts than a whole gold bar) and liquidity (easy buying and selling). However, you don't own physical gold with ETFs. 3. Gold Mutual Funds: Invest in professionally managed funds that hold a basket of assets, including gold mining companies' stocks. This offers diversification and potentially reduces risk compared to directly owning gold. The downside is that fees might be higher compared to ETFs, and the fund's price performance depends on the underlying holdings, not just gold itself. 4. Gold Futures and Options: These are contracts for buying or selling gold at a predetermined price on a future date. This approach offers leverage and the potential for significant profits, but it's also high-risk. Futures and options are complex financial instruments and require a deep understanding of the derivatives market. Consult with a financial advisor before venturing into this territory. 5. Gold Mining Stocks: Investing in companies that mine, refine, and trade gold can magnify your returns if gold prices rise. However, this method is indirectly tied to the price of gold and is also susceptible to the risks associated with the stock market in general, including company-specific risks. 6. Gold Certificates: These paper certificates represent ownership of a specific amount of physical gold stored in a secure vault by a bank or other institution. They offer a way to own gold without physical possession but might have storage fees and redemption restrictions. 7. Digital Gold: A relatively new option, digital gold allows you to invest in fractional ownership of physical gold stored securely. This method offers affordability and easy online buying and selling, but regulations and risks associated with the specific digital gold platform need to be considered. Top 10 Tips for Investing in Gold: 1. Do your research: Understand the gold market, different investment options, and their associated risks and rewards before investing. 2. Set investment goals: Align your gold investment strategy with your overall financial goals and risk tolerance. 3. Diversify: Don't put all your eggs in one basket. Gold should be a part of a diversified portfolio. 4. Start small: Begin with a smaller investment to test the waters and gain experience. 5. Consider fees: Compare fees associated with different investment options like storage costs for physical gold or expense ratios for ETFs and mutual funds. 6. Think long-term: Gold is generally considered a long-term investment. Don't expect quick gains. 7. Store securely: If you buy physical gold, ensure secure storage in a safe deposit box or a reputable vault. 8. Beware of scams: Be cautious of get-rich-quick schemes or companies offering unrealistic returns on gold investments. 9. Stay informed: Keep yourself updated on economic factors and events that can influence gold prices. 10. Seek professional advice: Consult with a financial advisor to create a personalized investment strategy that includes gold, if appropriate for your financial goals. By understanding the different ways to invest in gold and following these valuable tips, you can make informed decisions and potentially benefit from incorporating gold into your investment portfolio. Remember, gold is a valuable asset class, but it's not without risks. Do your research, invest within your risk tolerance, and enjoy the journey of exploring the world of gold investing.
OANDA:XAUUSDEducation
by bryandowningqln
GOLD - Confluence for a long ✅Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement and then to reject from trendline + liquidity zone. Fundamental news: Upcoming week on Wednesday (GMT+3) we will see results of monthly and yearly CPI on USD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD