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Xauusd4h

Today's Gold Price Forecast and Analysis:Despite the U.S. dollar's rebound post stronger-than-expected U.S. employment data, "XAU/USD" maintains an upward trajectory and could sustain it unless it declines below $2,000 or $1,985 per ounce. Consequently, escalating global political tensions and central banks' preventive buying to hedge risks will remain supportive factors for the gold market in the foreseeable future. Moreover, any downturn in gold prices will be viewed as a buying opportunity. Currently, the nearest resistance levels for gold are at $2,045 and $2,070 respectively.
FXOPEN:XAUUSD
by AdmamTrade
1
Xauusd trend analysis for next week I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow) 2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019. There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis. Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
FX:XAUUSD
by i2vi2v
Gold Slips as Dollar Rises WeeklyGold slid below a crucial level this Friday in European trading as the dollar surged, capping a week of losses after a late 2023 recovery. Investor profit-taking and uncertainties regarding the Fed's interest rate plans slowed gold's upward momentum. Spot gold fell 0.3% to $2,037.79 per ounce, while gold futures dropped 0.3% to $2,044.25 per ounce at 05:09 ET, marking a weekly decline between 0.8% to 1%. Speculation about an imminent interest rate cut in March 2024 has faded, contributing to the dollar's climb by over 1% for the week, its strongest performance since July 2023. Analysts at ING still hold the view that the first rate cut might come in May, and the recent dollar surge has impacted gold. The ongoing influence of Fed uncertainties continues to shape gold's weekly performance amid market fluctuations.
FXOPEN:XAUUSD
by AdmamTrade
Prospects of Gold Prices Amidst Potential Fed Rate Cuts in 2024Amidst anticipation surrounding potential Federal Reserve (Fed) rate cuts in 2024, the outlook for gold prices remains optimistic. Daniel Pavilonis, a market analyst at RJO Futures, highlighted the escalating tensions in the Red Sea as a factor likely to support gold prices. Notably, gold prices surged by 13% in 2023, marking the first annual increase since 2020, with expectations of reaching record highs in 2024 if a low-interest-rate environment is achieved. Fouad Razaqzada, a market analyst at City Index, emphasized, "As we've witnessed gold's ascent due to expectations of rate cuts in 2023, we could see a substantial rise in 2024 as central banks truly begin to ease their policies." The analyst further added that the actual timing and extent of rate cuts will hinge on the data received throughout the year. This week, focus shifts to the release of the minutes from the Federal Reserve's latest meeting. The US non-farm payrolls and unemployment data for December will be closely monitored, shaping the trajectory of potential rate adjustments. The interplay of geopolitical tensions and economic indicators will sway investor sentiment, shaping the trajectory of gold prices in the foreseeable future. As the Fed navigates potential rate adjustments, the market remains attentive to global developments, awaiting cues for gold's next move.
FXOPEN:XAUUSD
by AdmamTrade
XAU/USD Resumes Uptrend Amidst Emerging DowntrendGold's recent movements against the yearly average hinted at a promising trend above the critical resistance level of 2075/81. Despite breaching this mark in December, hitting highs at 2146, it couldn't sustain weekly or daily closures there, suggesting potential exhaustion. Key support lies at 1935/50, marked by various indicators like Fibonacci retracements, November's lows, and the 52-week moving average. For a bullish trend continuation, a breakthrough and sustained closure above 2075/81 are crucial, targeting resistances at 2130 and 2151. However, the failure to close above the pivotal resistance indicates a possible struggle for upward momentum in the near term. Traders anticipate potential downside movement in the coming weeks, seeking a final close above 2081 to confirm the uptrend. Managing losses around 1935 remains prudent amidst potential price surges. With the looming US non-farm payroll report, rapid shifts in market dynamics are anticipated. Further updates on short-term technical outlooks for XAU/USD will follow once clearer insights into price movements are obtained.
FXOPEN:XAUUSD
by AdmamTrade
Gold Trades Near Resistance Amid US Macro Data Analysis Technical Analysis: Gold might encounter strong resistance near the $2,078 region. Overnight failure near the all-time high closing levels around $2,077-2,078 raises caution among upward trend traders. Breaking this barrier decisively could pave the way for a push towards the psychological $2,100 mark. Daily chart oscillators remain comfortably positive, hinting at potential buy-dips around lower levels. The overnight low, around $2,055, appears to defend against immediate declines towards the $2,040 horizontal zone. A convincing break below this level might accelerate further downside movement towards the intermediate support around $2,020, aiming for the 50-day Simple Moving Average (SMA) near $2,008-2,007 and the psychological level of $2,000. Further selling activity could indicate convergence around $1,960, encompassing the 100 and 200-day SMAs.
FXOPEN:XAUUSD
by AdmamTrade
"Gold Holds Strong Above $2,060"Gold starts the new year with a positive signal, supported by a weaker US dollar and positive developments around China's economic stimulus measures. XAU/USD trades around $2,065, up 0.19% on the day. Expectations are for gold to remain stable and potentially continue its upward trend, although surpassing $2,100 will require convincing momentum. Price corrections might test $2,061 or even $2,050, with ultimate support at $2,035, represented by the 21-day Simple Moving Average (SMA).
FXOPEN:XAUUSD
by AdmamTrade
XAU/USD Shorts from 2077.000 down towards 2032.000My Gold forecast for this week anticipates a temporary bearish move to clear the liquidity below. With the bullish pressure fading and a shift in character to the downside, there are indications of a brief bearish phase. Given the substantial liquidity below, I expect a descent towards 2032, where a 19hr demand zone is located. Currently, my strategy involves waiting for a minor upward movement to facilitate a redistribution within my 10hr supply zone. Subsequently, I will explore selling opportunities from that point. Since this entails a counter-trend trade, I'll exercise caution and seek additional confirmation, such as a Break of Structure (BOS), to ascertain that the market is ready for a bearish trajectory. Confluences for Gold sells are as follows: - Price has changed character to the downside and has left unmitigated 10hr supply zone. - Lots of liquidity to the downside in the form of trend line liquidity and Asian lows. - Price has been moving very bullish recently and is due for a correction. - If price wants to continue in a bullish direction I expect for price to tap into the 19hr demand. - Price has recently reacted off a 2hr supply which initiated a downward trend. P.S. As this is a short-term perspective, my overall outlook for this market remains bullish. I anticipate that price will continue its upward momentum, but it needs to retrace to a more favorable level before embarking on another rally. Hence, I expect a drop to reach and interact with a 19hr demand zone, serving as a potential catalyst for another bullish rally. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
OANDA:XAUUSDShort
by Hassan_fx
Gold Slips to $2,060 amid US Bond Yield SurgeGold soared to $2,080 but reversed, dipping near $2,060 due to the rise in US Treasury bond yields. Investors are cautious ahead of year-end flows, limiting big bets on XAU/USD. The price may stabilize as the new year nears, remaining elevated. Closing below the ascending trendline at $2,084, buyers approach with caution, yet the rising 14-day Relative Strength Index (RSI) provides optimism. Breaking decisively above $2,100 is pivotal to surpass resistance and potentially spark a new uptrend toward the record high of $2,144. If a price correction gains momentum, initial support rests at Wednesday's low of $2,061, possibly testing $2,050 thereafter. The 21-day Simple Moving Average (SMA) at $2,035 acts as the final defense for gold buyers. Gold's price fluctuations, influenced by US bond yields, reflect cautious market sentiment. Both buyers and sellers monitor crucial levels as the year concludes, anticipating shifts in the new year.
FOREXCOM:XAUUSD
by Larissa-Trader
Gold Dips to $2,060 Amidst Rate Rebound After peaking at $2,080, gold swiftly reversed, dropping to around $2,060, pressured by resurging US Treasury bond yields. Investors are cautious, refraining from major bets on XAU/USD amidst year-end flows. Maintaining a relatively higher level, gold might consolidate into the new year. Closing below the upward trendline at $2,084, potential buyers exercise caution. However, the 14-day RSI's continuous rise provides hope. Breaking convincingly past $2,100 is crucial, failure risking a stall in the upward trend towards the all-time high of $2,144. If a correction occurs, initial support lies at $2,061, with $2,050 as a potential further support level. Buyers' last defense rests at the 21-day SMA at $2,035. Gold's price fluctuations reflect market caution amidst bond yield influence and investor sentiments. Both buyers and sellers monitor support and resistance levels closely as the year concludes. Wishing everyone a Happy New Year !
FXOPEN:XAUUSD
by AdmamTrade
3
Gold Prices Struggle Amid Interest Rate Cut SpeculationsGold prices dipped below the Thursday trading range of $2,064-$2,088 as thin trading volumes characterized the market with limited participant activity due to the holiday week. The precious metal witnessed some profit-taking on Thursday. On a broader note, the upward-sloping 20-day and 50-day Exponential Moving Averages (EMA) indicate positive momentum, and oscillators suggest strong upward momentum. The gold market is navigating challenges amid speculation about potential interest rate cuts. Trading volumes remain light, with few significant market participants during the festive week. Despite some profit-taking observed on Thursday, technical indicators such as the ascending 20-day and 50-day EMAs signal a positive trend. Oscillators point towards robust upward momentum. The current price range fluctuates between $2,064 and $2,088, reflecting the cautious market sentiment. As traders prepare for the upcoming week, the gold market's performance may continue to be influenced by interest rate cut speculations and overall market sentiment. It's crucial to monitor the evolving dynamics to gain insights into potential future movements in gold prices. Wishing you a happy new year
FXOPEN:XAUUSD
by JackieBrown1803
Gold Trades Sideways Above $2,060From a short-term technical perspective, gold remains in contact with an upward trend amid favorable price indicators. While gold has broken above the resistance level of the upward trend line at $2,080, a daily close beyond this mark is crucial to extend the upward trend to an all-time high of $2,144. Gold buyers face formidable resistance levels at $2,100 and $2,120 before reaching this milestone. The 14-day Relative Strength Index (RSI) is pointing upwards along the midline, instilling confidence in the ongoing uptrend. Any potential decline in gold prices could find initial support at the recent low of $2,061, with adjustments potentially extending towards $2,050. The ultimate defensive line for gold buyers is visualized at the 21-day Simple Moving Average (SMA) positioned at $2,035. In summary, gold is currently trading sideways above $2,060, with the need for a sustained close above $2,080 to propel the price towards an all-time high of $2,144. Resistance levels at $2,100 and $2,120 pose challenges, while the RSI signals positive momentum. Potential corrections have support levels at $2,061 and $2,050, with the 21-day SMA acting as the final line of defense at $2,035
FOREXCOM:XAUUSD
by sokiabradleydoyle30ko8vw
16
"Gold Rises on Fed Rate Cut Speculation Amid US Inflation Dip"Gold prices on Comex are nearing a three-week high at $2,089 USD, propelled by a surprising drop in the US core PCE price index to 3.2%. This unexpected shift has increased bets on an early Fed interest rate cut, with over 75% probability priced in by March, according to CME Fedwatch. The decline in inflation provides a favorable starting point for the Fed in 2024, potentially leading to a soft economic landing without triggering a recession. Durable goods orders for November surpassed expectations, rising by 5.4%, boosting consumer confidence reflected in the December Consumer Sentiment Index reaching 69.7. Anticipation of a significant Fed rate cut has weighed on the US dollar and short-term treasury yields, impacting foreign capital inflows negatively. The US Dollar Index is at a five-month low below 101.50, while the 10-year US treasury bond yield dropped to around 3.87%. This week's economic calendar is light due to the holiday season, with attention on weekly unemployment claims for additional insights.
FOREXCOM:XAUUSD
by Larissa-Trader
#XAUUSD: Gold can still shock all of us with a sudden move! Dear traders, As expected we are seeing some strange move within the market due to the low volume, based on our last chart price did fall but failed to continue the selling momentum and idea hit breakeven. In here, there are two possibilities that price can go first from sellers bias we think price still can drop from 2040$ area which will remain crucial, though, looking at how price moved throughout today. It shows bulls are still within the market and bullish momentum was significant. So it would not be surprising if price breakthrough 2060$ region once again. Please like and share!
OANDA:XAUUSD
by Setupsfx_
3
Gold Aiming for $2,100 After Record Close at $2,070Following a record close at $2,070, gold is pushing towards $2,100 in the Asian trading session. The dovish Fed stance and strong US bond auctions are impacting Treasury yields and the US dollar. The 14-day RSI provides support, but a recent dip suggests a potential pullback to the 21-day SMA at $2,032, with $2,050 acting as a key level. To sustain the upward momentum, a solid breakthrough above $2,079 is essential for a continued recovery towards $2,100, with a target of $2,144. Market dynamics call for vigilance around support and resistance levels, defining the trajectory of gold prices in the near term.
FOREXCOM:XAUUSD
by Larissa-Trader
Gold's Rally Eyes $2,100 amid RSI Strength and Trend Analysis The 14-day Relative Strength Index (RSI) continues to hold above the midpoint, providing potential support for further price increases. However, the latest downturn in the RSI suggests that the downward momentum in gold prices may extend towards the 21-day Simple Moving Average (SMA) at $2,032. Prior to that, the $2,050 level will pose a challenge to bullish commitments. On the upside, a sustained breakthrough above the resistance level of the ascending trendline at $2,079 is crucial to continue the recovery momentum towards the psychological level of $2,100. Furthermore, gold buyers will target the all-time high of $2,144. The RSI's current positioning suggests a cautious outlook, indicating the possibility of a pullback. Traders will closely monitor the $2,050 and $2,032 levels as potential support zones. A decisive move above $2,079, on the other hand, would signal renewed strength in the bullish trend, paving the way for a potential test of the $2,100 and $2,144 levels. It's essential for market participants to stay vigilant and adapt their strategies based on the evolving price action. The dynamics between key support and resistance levels will play a crucial role in determining the next major move for gold prices.
FXOPEN:XAUUSD
by AdmamTrade