Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%).
According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset.
Increased safe-haven demand for gold has helped push gold prices toward all-time highs.
Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan.
Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday.
🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥
✔️ TP1: 2760
✔️ TP2: 2750
✔️ TP3: OPEN
🚫SL: 2786
Ideasdetrading
AUD Gets a Pullback . Are We just Before The Big Move up ?
AUD/JPY Analysis:
First of all, we can agree that AUD/JPY OANDA:AUDJPY is overall bullish.
However, after reaching the order block at the current levels, we might see a price retracement after a rejection. Historical performance suggests that we could experience a pullback later this week.
JPY Strength: The JPY PEPPERSTONE:JPYX seems to be gaining strength, at least for now.
Market Structure: We’ve got a swing CHoCH (Change of Character) on a higher time frame, indicating that a pullback before a continuation of the upward trend seems to be the right approach.
Gold Correlation: Gold TVC:GOLD is also at its highest, and a potential price pullback could align with the expected retracement in AUD/JPY.
Short-Term Outlook:
Short Position: In the short term, a pullback presents a good shorting opportunity for AUD/JPY.
We just got to The golden Fib level Had a Bearish Liquidity grab and got the minor reversal signal on the Oscillator Matrix. would be great to confirm the structure change on the lower Time Frame
Long-Term Outlook:
Long Position: Long term, the overall bullish trend remains intact, so longs are still the preferred direction.
For a major short, we would need to see the price reach significantly higher levels than where it is now.
IDEA D-W-M-Q StatusIdea have shown a good fall from Rs 19 CMP 7.9 . in four window you can see we have good levels for entry with limited SL . If you have planned for entry in this stock then this is good time . check out all four windows for longer view on this stock .
we have share Daily , Weekly , Monthly and Quarterly view with RSI, Zones, EMA and SMA, Volume candles.
World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning.
Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions.
According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally.
🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors.
🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones.
➡️Buying range: 2712,000 - 2715,000
➡️Selling range: 2740,000 - 2743,000
Can we accept as true with gold`s SELL signal?We acquired an apparent promote sign on Wednesday with a key reversal candle printing at the every day timeframe. However, one have a take a observe latest records indicates we've acquired masses of topping indicators and styles this year, but none generally tend to final long. That by myself makes me cautious of the bearish sign, particularly with the charge persevering with to fashion better throughout severa timeframes.
Given how strongly gold has traded recently, there can also additionally had been an detail of profit-taking up Wednesday to plug losses in different asset classes, particularly constant profits markets. The unwind additionally got here from oversold degrees on RSI (14), hinting short-time period positioning changed into turning into lopsided.
Those searching at capability setups may want to use the uptrend strolling from the lows struck on October 10 to construct trades around. It`s observed around $2720 today. If the charge manages to maintain above the uptrend, you may purchase in advance it with a decent forestall beneath for protection. The apparent exchange goal will be the file excessive of $2758.55.
🔥 OANDA:XAUUSD Buy limit 2714 - 2712 🔥
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2706
➖➖➖➖➖➖➖➖
🔥 OANDA:XAUUSD Sell limit 2740 - 2738 🔥
✔️ TP1: 2730
✔️ TP2: 2720
✔️ TP3: OPEN
🚫SL: 2748
Gold prices change constantlyThe correlation evaluation underneath seems at the connection among gold and silver during the last fortnight with some of marketplace indicators. Gold is at the right, silver at the left.
From pinnacle to bottom, we've got the form of the Fed budget futures curve from October 2024 to December 2025 in black, presenting a manual on price reduce pricing, US two-12 months yields in blue, US 10-12 months yields in green, the United States greenback index in crimson and 10-12 months actual bond yields in red which measures nominal yields much less anticipated inflation over the following decade.
To placed matters into perspective, pastimes and the greenback have risen sharply over the last 10 days. However, regardless of this, gold and silver are an increasing number of correlated with this alteration regardless of being their conventional enemies.
It`s now no longer superb how gold and silver are appearing on this surroundings and but there may be not anything extra than hobby costs and bonus charge fluctuations which are using the valuable metals markets.
Does protection have an absorption path? Lam charge anticipated to be higher? Increased monetary penetration? Russia's sanctions avoidance order? Those are the famous theories, even though it is hard to select out which one, if any, is the actual using pressure proper now. One component we do understand is that gold and silver retain to fashion higher.
💎 TVC:GOLD Buy limit 2714 - 2712 💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2706
➖➖➖➖➖➖➖➖
💎 TVC:GOLD XAUUSD Sell limit 2740 - 2738 💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2748
Xauusd prices increased in the context of the US also climbingWorld gold prices are also supported when the money flow into the US stock market shows signs of decreasing after the Dow Jones, S&P500, and Nasdaq indexes have all continuously set records in nearly 5 months.
The race for the White House is getting into a dash phase, very fierce with symptoms and symptoms of a reversal toward Donald Trump. The election will take location on November 5. This is taken into consideration to be a turning factor for the gold market.
Many human beings consider that Mr. Trump can clear up geopolitical conflicts in a few areas, thereby riding down gold prices. However, many human beings are afraid that Mr. Trump`s strong-arm guidelines may want to shake the world.
Many specialists expect that each Mr. Trump and Ms. Kamala Harris will step up pumping cash and stimulate the economic system if elected. Besides, gold additionally advantages whilst americaA maintains to reduce hobby costs as planned.
Gold price may rise to $3,000 by the end of this yearBusinessInternationalWednesday, October 23, 2024, 08:34 (GMT+7)
World gold prices increased again
The need for shelter when geopolitical tensions escalated pushed gold prices to a new peak, at 2,748 USD an ounce.
Closing the trading session on October 22, the world spot gold price increased nearly 30 USD to 2,748 USD per ounce. This is a new record high for the precious metal.
"Geopolitical tensions are still the main cause. The US presidential election will take place in two weeks and the race is still very close. Political instability is driving up the need for shelter."
The latest Reuters/Ipsos poll shows that Vice President Kamala Harris's support rate is currently 46%, slightly higher than former President Donald Trump's 43%. "This closeness is creating a situation of uncertainty. This environment is beneficial for gold," said analysts at BNP Paribas bank.
Grant predicts that if tensions in the Middle East continue to heat up, the price could rise to $3,000 by the end of this year. Since the beginning of the year, the price has increased 33% and continuously set new peaks.
💎 OANDA:XAUUSD Buy limit 2724 - 2722💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2716
➖➖➖➖➖➖➖➖
💎 OANDA:XAUUSD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2758
Xauusd prices decreased slightly during many hot daysThe world gold price sometimes reached 2,740 USD/ounce but then suddenly reversed and dropped sharply. At 6 a.m. on October 22, today's gold price dropped to 2,720 USD/ounce.
According to analysts, the international gold market fluctuated wildly in the context of many investors selling to gain profits. Gold price today, after many days of hot increases, was forced to go down.
Meanwhile, US bond interest rates increased to 4.1% - the highest level in the past 3 months. That means bond values decline, motivating investors to sell gold and shift capital into bonds. Gold price today naturally decreased.
Gold, which is considered a hedge against political and economic instability, has increased more than 31% since the beginning of 2024 until now. Gold prices also broke many records when the US's move to cut interest rates combined with the need for safe haven capital created a storm in the market.
💎 XAUUSD sell 2734 - 2736💎
✔️TP1: 2731
✔️TP2: 2721
✔️TP3: OPEN
🚫SL: 2743
Xauusd price is likely to be $3,000World gold prices increased in the context of the USD index falling. Recorded at 9:20 a.m. on October 21, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 103,749 points (down 0.08%).
Over the past year, gold bars - a commodity considered a hedge against political and economic instability - have increased more than 31%, breaking many records. The US Federal Reserve's (FED) interest rate cuts combined with safe haven demand have created a perfect storm for gold.
According to senior market strategist Daniel Pavilonis of RJO Futures, developments ahead of the US election and geopolitical developments in the Middle East are supporting precious metals.
President of Phoenix Futures and Options - forecasts that interest rates will decrease and gold is ready to conquer new milestones. He believes that gold prices will reach $3,000/ounce in the first quarter of next year.
In the coming time, gold prices will still be affected by the FED's interest rate management. According to CME's FedWatch tool, US inflation has been contained, the market is expecting a 92.2% chance that the FED will cut 25 basis points and a 7.8% chance of keeping current interest rates unchanged. meeting on November 7.
💎 XAUUSD sell 2734 - 2738💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2744
Gold prices increased about 2.4% during the weekGold costs surpassed $2,seven-hundred an oz for the primary time as worries approximately escalating warfare withinside the Middle East and a traumatic US election race precipitated traders to hurry to safety.
Bullion rose as a lot as 1% to $2,720.17 an oz, surpassing an all-time excessive set withinside the preceding session. The bullish sentiment unfold to the wider treasured metals complex, with silver growing as a lot as 5.5% to its maximum considering 2012. BlackRock Inc.`s iShares Silver Trust, the most important exchange-traded product monitoring The metal, has visible a massive growth in name alternatives as traders guess on better costs.
The marketplace specializes in an increasing number of traumatic geopolitical traits after Israel introduced it had killed Hamas chief Yahya Sinwar, the person in the back of the Palestinian group's assault on southern Israel, inflicting a extended war. 12 months lengthy in Gaza.
💎 XAUUSD Buy limit 2715 - 2713💎
✔️TP1: 2731
✔️TP2: 2651
✔️TP3: OPEN
🚫SL: 2705
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2751 - 2749💎
✔️TP1: 2730
✔️TP2: 2620
✔️TP3: OPEN
🚫SL: 2758
Xauusd Technical Analysis | October 21, 2024Gold fees hold the bullish motion and print new document highs that's expected. The fee will hold the bullish motion and investors will await a bearish correction. Whenever the fee begins offevolved a bearish correction, investors should wait close to the guide degree to feature greater lengthy positions. As lengthy because the fee maintains printing new better highs and better lows, the fashion will hold bullish.
Today’s critical levels to watch:
Support: $2,685, $2,600
Resistance: $2,750, $2,800, $2,841
💎 XAUUSD Buy limit 2714 - 2712💎
✔️TP1: 2730
✔️TP2: 2650
✔️TP3: OPEN
🚫SL: 2705
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2620
✔️TP3: OPEN
🚫SL: 2758
Gold (XAU) Technical AnalysisGold Daily Chart – Breakout from Descending Broadening Wedge
The gold marketplace has damaged out of the descending broadening wedge sample at the each day chart. The charge keeps bullish momentum inside the ascending broadening wedge sample, with a goal variety of $2800-$3000.
Gold 4-Hour Chart – Price Target of $2,745
On the 4-hour chart, the charge is breaking above the midline of the ascending channel. This charge power suggests the short-time period goal of $2,745, measured from the ascending channel resistance line. The RSI tactics the overbought region. Therefore, expenses would possibly consolidate earlier than the following rally.
💎 TVC:GOLD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
💎 TVC:GOLD buy 2690 - 2692💎
✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2683
World gold prices reached record levelsWorld gold prices hit record levels as uncertainties surrounding the US presidential election and geopolitical conflicts in the Middle East sent investors looking for safe haven assets. Along with that, the loose monetary policy environment continues to keep gold prices at high levels.
Gold has seen gains of more than 30% this year, surpassing record levels, boosted by expectations the Federal Reserve will cut interest rates further after a 0.5% cut. % points interest rates last month and ongoing geopolitical uncertainties.
USD-Index - a measure of the strength of the greenback with a basket of major currencies - currently reaches 103.7 points, down 0.05% compared to before.
💎 TVC:GOLD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
💎 TVC:GOLD buy 2690 - 2692💎
✔️TP1: 2710
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2683
Gold and Dollar both increased dramaticallyGoldman`s Chloe Garber instructed customers nowadays that Polymarket is priced at 60/forty, there's ~1.5% upside to 65/35 odds, and 4% disadvantage to 50/50 odds.
"I suppose there's a opportunity this pair should visit the July highs earlier than the election, however it might require a few horrible polls for Kamala Harris, while a variety of paintings has been done.
Clients are making a bet this route due to the fact a 60/forty marketplace going to a hundred delta continues to be an engaging proposition while a coin turn is simply hard."
Importantly, she introduced that this nearby Trump fashion hasn't been pushed through income revisions...revisions were barely terrible because the quit of July, so if 3Q incomes season matters, those shares should get affected.
Small Caps underperformed nowadays (for a change), however all of the majors ended properly off their highs of the day. The S&P ended unchanged and Nasdaq marginally better as The Dow hit any other document last high....
💎 XAUUSD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
Gold price surges and sets new ATHThe European Central Bank (ECB) reduce hobby quotes extensively via way of means of 25 foundation points, in keeping with economists` expectancies.
The ECB stated falling inflationary pressures are developing situations to loosen economic coverage: "Inflation statistics suggests that the deflation technique is at the proper track."
similarly ECB easing withinside the first 1/2 of of 2025. "It basically stays that the ECB will supply a similarly 25-factor reduce at its December meeting, accompanied via way of means of comparable cuts in early 2025 till whilst deposit quotes reached a impartial stage of round 2% withinside the summer.
Gold charges are receiving robust help from secure haven call for and issues approximately escalating geopolitical tensions. In addition, expectancies that americaA Federal Reserve (FED) will hold to loosen economic coverage after reducing hobby quotes via way of means of 1/2 of a percentage closing month are increasing.
💎 OANDA:XAUUSD sell 2710 - 2712💎
✔️TP1: 2690
✔️TP2: 2680
✔️TP3: OPEN
🚫SL: 2720
World gold prices increased despite the high USD index.World gold fees improved regardless of the excessive USD index. Recorded at 8:30 a.m. on October 16, americaA Dollar Index measuring the fluctuation of the dollar with 6 principal currencies changed into at 103,half points.
Gold rose amid falling US Treasury yields, even as buyers carefully awaited greater statistics for sparkling clues approximately americaA Federal Reserve`s (FED) economic easing cycle. ).
From the start of 2024 till now, gold fees have improved approximately 28% and outperformed US shares and bonds. Experts say that important banks' sturdy purchases of gold have contributed to the above increase. They appearance to this valuable metallic to defend country wide property in opposition to geopolitical and financial instability.
According to Mr. Terrence Keeley - former senior supervisor of economic institution BlackRock and presently CEO of marketplace studies employer Impact Evaluation Lab, on common 15% of forex reserves of important banks is in valuable metals consistent with marketplace valuation.
💎 OANDA:XAUUSD sell 2669 - 2671💎
✔️TP1: 2650
✔️TP2: 2645
✔️TP3: OPEN
🚫SL: 2678
Gold prices are testing resistance levels.Ames Stanley - senior marketplace strategist at the Forex market stated that traders took income after US financial reviews together with CPI and USD elevated sharply. The promoting circulate of traders won't be over yet. Gold costs are trying out resistance levels.
Economic occasions this week that effect gold costs encompass US retail income statistics and the European Central Bank`s economic coverage choice on Thursday.
The marketplace is likewise inquisitive about the Empire State production survey, weekly unemployment claims, housing begins offevolved and US constructing permits.
Besides, buyers and traders are listening to the Chinese marketplace. The u . s . a . plans to announce an financial stimulus package deal from authorities bonds, really well worth 283 billion USD.
🔥 XAUUSD buy 2632 - 2630 🔥
✔️TP1: 2642
✔️TP2: 2655
✔️TP3: OPEN
🚫SL: 2622
🔥 XAUUSD sel 2652 - 2654 🔥
✔️TP1: 2642
✔️TP2: 2632
✔️TP3: OPEN
🚫SL: 2662
Economic data more supportive of 25 basis point cutThe market is still waiting for data to be more certain about the next move of the US Federal Reserve (FED). Analyst Giovanni Staunovo of UBS said that since the payroll data was released last week, the market has been discussing whether the world's leading economy is in a soft landing scenario. Staunovo added that the upcoming inflation data will partly answer that question.
This morning, gold prices continued to decline after the FED released the minutes of the September 17-18 meeting, in which it noted that the pace of future cuts will not be determined by the initial cut (the FED just cut interest rates by 0.5% last month).
Dallas Fed President Lorie Logan said she wanted smaller cuts in the near term, due to the remaining inflation risks and significant uncertainties about the economic outlook.
According to the World Gold Council (WGC), central banks around the world have slowed their gold purchases in 2024 compared to 2023, but still maintained higher purchases than before 2022. This is partly due to the People's Bank of China stopping gold purchases since May until now...
💎 XAUUSD Buy limit 2606 - 2608💎
✔️TP1: 2615
✔️TP2: 2625
✔️TP3: OPEN
🚫SL: 2597
➖➖➖➖➖➖➖➖
💎XAUUSD Sell limit 2632 - 2634💎
✔️TP1: 2624
✔️TP2: 2614
✔️TP3: OPEN
🚫SL: 2642
World gold price continued to decreaseWorld gold fee endured to decrease, right all the way down to 2,609 USD/ounce, thirteen USD decrease than yesterday. This is the sixth consecutive decrease, bringing gold costs to the bottom withinside the beyond month. The predominant thing inflicting gold to move down is stated to be the upward thrust of the USD as traders now no longer count on a good deal that the United States Federal Reserve (Fed) will considerably lessen hobby quotes on the November meeting.
The Fed has simply launched the mins of its September 17-18 meeting, which stated that the tempo of destiny discounts will now no longer be decided through the preliminary reduction (the Fed simply decreased hobby quotes through 0.5% closing month). . Dallas Fed President Lorie Logan stated she needs smaller cuts ahead, given lingering inflation dangers and substantial uncertainties approximately the financial outlook.
💎 TVC:GOLD Buy limit 2604 - 2607💎
✔️TP1: 2617
✔️TP2: 2627
✔️TP3: OPEN
🚫SL: 2595
➖➖➖➖➖➖➖➖
💎 TVC:GOLD Sell limit 2637 - 2635💎
✔️TP1: 2627
✔️TP2: 2617
✔️TP3: OPEN
🚫SL: 2653
Fears of rising disputes reduce confidence in goldOn the opposite hand, there may be a danger of inflation, the Boston Fed president stated
Boston Fed President Susan Collins stated Tuesday that the U.S. economic system is at danger now no longer simplest from the chronic race however additionally from a recession.
Collins stated there may be nonetheless a risk the hard work marketplace might be robust whilst the taper is complete, however "it`s all at danger."
"There's plenty to preserve song of. I suppose humility is continually essential and we have got discovered that there may be surprises alongside the way," Collins stated.
On the only hand, the Federal Reserve's push to elevate hobby prices to lessen emissions has made the economic system "extra liable to negative shocks," in keeping with Collins.
"My self belief in displaying development has increased - however so has the danger of the economic system slowing once more to the diploma had to repair charge stability," she stated.
💎 XAUUSD buy 2617- 2615💎
✔️TP1: 2625
✔️TP2: 2635
✔️TP3: OPEN
🚫SL: 2609
💎 XAUUSD sell 2637- 2635💎
✔️TP1: 2625
✔️TP2: 2615
✔️TP3: OPEN
🚫SL: 2643
Is now a good time to buy gold stocks?Over the beyond six months, gold charges have risen, attaining new report highs nearly each month. However, the yellow metal`s rate has encountered a few resistance for the reason that hitting US$2,670 on October 1, sending it right all the way down to as little as US$2,639.
Hemke defined in an October three interview that this may be the end result of the marketplace checking out resistance at $2,650.
In September, gold charges hit a brand new report excessive above $2,six hundred after the U.S. Federal Reserve reduce its benchmark hobby price for the primary time for the reason that begin of the 2022 bull run.
“Gold charges bottomed at US$1,895 in mid-February and had been replied for the reason that then — gold charges have expanded 25 percentage in that period,” he advised INN in an interview recorded early September .
"It's now no longer that the gold producers, the large groups and the intermediaries, have not reacted. The large gold groups, now no longer counting the trouble groups, are up forty five to ninety percentage from the lowest gold rate." in February, and intermediaries expanded from 50 percentage to 132 percentage"
💎 XAUUSD Buy 2630 - 2627💎
✔️TP1: 2647
✔️TP2: 2657
✔️TP3: OPEN
🚫SL: 2619
💎XAUUSD Sell 2653 - 2655💎
✔️TP1: 2640
✔️TP2: 2637
✔️TP3: OPEN
🚫SL: 2663
World gold prices did not change much when the USD index strengtAdvisors are also monitoring the Institute of Applied Management (ISM) service numbers and initial unemployment claims expected to be announced later in the day, along with data on the situation. Wages in the US non-agricultural sector are expected to be announced on October 4.
In a recent interview with Kitco, Chris Mancini - Associate Portfolio Manager of the Gabelli Gold Fund (GOLDX), shared his optimistic view on gold. He noted that even if gold prices stabilize around $2,650 an ounce, gold miners will still make solid profits.
Although the FOMO (fear of missing out) mentality in the mining sector is not really optimal, Mancini said he hopes this mentality will change as the new year approaches.