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XAUUSD : Is gold showing signs of decline?Gold moved sideways after two days of decline as Middle East tensions cooled Gold prices have continued to weaken in the Asian session on April 24 after recovering slightly in the US session yesterday thanks to US PMI data and currently XAU/USD is trading around $2,320. Gold prices have now adjusted slightly and are currently trading around $2,320 after rebounding to $2,330 thanks to the weakening of the USD. Although gold prices are still supported by geopolitical risk concerns in the Middle East, gold's upward momentum seems to have weakened. The price's current resistance lies at $2,350. If buyers successfully push the price through this zone, the $2,400 threshold will be within sight. The market is now shifting focus back to US monetary policy. The PCE index - the Fed's preferred inflation gauge expected to be released on Friday - is forecast to remain stubborn in March, reinforcing the case for a delay in interest rate cuts, a thorn'' for gold because gold is not profitable.
OANDA:XAUUSD
by SantaTradeGold
UAL United Airlines Holdings Options Ahead of EarningsIf you haven`t bought UAL before the previous earnings: Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing the 43usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $1.36. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:UALLong
by TopgOptions
1
XAUUSD : Gold has continued its upward momentumGold surpassed the $2,400 mark due to concerns about conflict in the Middle East Gold surpassed $2,400 an ounce as concerns about rising tensions between Israel and Iran boosted demand for the safe-haven asset. Gold prices rose as much as 1.3% and are headed for a fifth consecutive week of increases after unverified reports of attacks in Iran, Syria and Iraq. Tensions between Iran and Israel have increased since last weekend's attack, with Iran warning against attacking its nuclear facilities and threatening to respond in kind if they are attacked. Meanwhile, the US called for peace measures. raises concerns that the Fed will wait further before cutting interest rates because high interest rates often have a negative impact on gold. Strong demand from global central banks and Chinese consumers has also supported gold prices. Data on Thursday showed gold exports from Switzerland to China rose 31% in March compared with February. Spot gold increased 1.1% to 2,404.95 USD/ounce. The Bloomberg Dollar Spot Index rose 0.2%. Silver, palladium and platinum also rose.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold will increase due to middle east politicsGold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback. Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome Powell. Along with that, the fact that US retail sales are also remaining at a high level has caused the USD to continue to increase in price and somewhat limited the rise of precious metals. XAU/USD is currently trading around $2,380, with closest support located at the April 12 bottom around $2,343, below the psychological threshold of $2,300.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold is likely to fluctuate strongly to 2500 ?"Precious metals" regained what they lost during the US session on Monday During the Asian session on April 16, gold prices recovered and are currently trading around $2,386.80. On April 15, world gold prices adjusted slightly downward after US retail sales were higher than market expectations, however the upward momentum of XAU/USD returned early this morning and Currently the precious metal is trading around $2,386.80. If bearish momentum increases in the near term, support at $2,268 will come into view, with $2,233 lower. The focus of the market today will be the speech of Fed Chairman Jerome Powell. The anxiety underpinned gold's rally even as expectations for when the Fed would cut interest rates were pushed back. Instead, gold prices have been supported by other factors including strong buying by central banks, rising demand from Chinese consumers and rising geopolitical risks. There is growing evidence that the inverse relationship between bullion and US real interest rates is faltering. This phenomenon happened on Monday, when gold prices increased along with US government bond yields. Citigroup raised its 2024 gold price estimate to 2,350 USD/ounce and adjusted its 2025 gold price forecast to 2,875 USD. This happened after Goldman Sachs Group said that gold prices will increase continuously in the future, raising its year-end prediction to $2,700.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold soared to a new record high 2400Gold rebounded after the US PPI index was lower than expected Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded sharply after the data release and ended the day near $2,355. Today, the market will receive the University of Michigan's consumer confidence report. Currently, gold is rising to $2,390. New York Fed President John Williams said the Fed has made “tremendous progress” toward a better balance between its inflation and employment goals, adding that there is no need to cut interest rates. recently".
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Is gold likely to decline after CPI data?Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then recovered to $2,348 before weakening again to end the day at $2,328. Today, the market will receive the US PPI report along with weekly unemployment benefit applications. Currently, gold is rising to $2,339. Expectations for US interest rate cuts dropped sharply after inflation was announced. The probability of policy easing in the June meeting has decreased from 50% to 22%. The July meeting now shows 40%.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold continues to create all-time highsGold prices continue to increase as the war situation in the Middle East escalates. Gold prices are currently increasing for 3 consecutive sessions and are currently trading around $2,349.70. During the April 9 session, gold prices continued to increase sharply, extending their upward momentum to 3 consecutive sessions and currently XAU/USD is trading around $2,349.70. Despite the RSI touching overbought territory, the precious metal has been consistently making new highs for nearly a month now. This evening, US CPI data will be released and this may cause gold to fluctuate strongly. In the context of continuously escalating tensions between Israel and Hamas in the Middle East, gold prices have continued to rise. The precious metal has now maintained its upward momentum for the third consecutive trading session, as demand for haven assets continues to increase amid the current turmoil. This week, gold's upward momentum will be tested by US March CPI data, released on Wednesday. Currently, the market is expecting US core CPI to increase by 0.3%.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold prices hit a new record peakGold turned down after a galloping increase at the beginning of the week. Gold has now adjusted back down after yesterday's increase to $2,353, the market awaits the upcoming US CPI report. During the April 8 session, gold turned down after a galloping increase on Monday. The precious metal spiked to nearly $2,354, then corrected down to $2,318 and then recovered slightly and ended the day at $2,328. Gold prices continuously touch record highs ahead of US inflation data on Wednesday, which is an important basis for determining the upcoming direction of interest rates. Gold prices are currently reaching nearly 2,340 USD/oz at the beginning of today's Asian session, after closing the Monday session up 0.4%. According to forecasts of economists in a Bloomberg survey, the March CPI report will likely show signs of cooling inflation and this scenario will create conditions for the Fed to cut interest rates. The economic calendar is devoid of any prominent economic events as the market awaits US CPI data tomorrow. Currently, gold is rising to $2,345.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold continuously creates new peaksGold rebounded higher after the disappointing services PMI report. Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected. In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in the European session but then rebounded sharply and ended the day at $2,293 after the PMI data was released. Today, the market will receive unemployment benefit applications along with further speeches from Fed officials. Currently, gold is rising to $2,300.
OANDA:XAUUSD
by SantaTradeGold
XAUUSD : Gold is making an all-time highGold surpassed $2,250 after last week's PCE report Gold rebounded sharply above $2,250 as the core PCE index matched estimates. Gold rebounded sharply over the weekend as the core PCE index matched estimates. The precious metal broke out from $2,194 to $2,235 before correcting slightly and ending the week at $2,223. The MoM core PCE index increased 0.3%, coinciding with market expectations. This shows that inflation is still persistent and the Fed will not be in a hurry to cut interest rates. This week, the market will receive a series of important economic data, including the services and manufacturing PMI index, JOLTS employment data, and the US NFP report. Currently, gold is rising to $2,256.
OANDA:XAUUSDLong
by SantaTradeGold