Xauusd confirm buy signal Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities.
Gold now buy 2169
Target 2173
Target 2180
Target 2200
SL 2155
Xauusdbuy
XAUUSD: What should you do if you hold a short order?
Affected by the news, gold suddenly rose and broke through the previous high. It continued to rise after the opening today. It currently maintains a shock above 2200. The indicators have begun to show signs of weakness. Try to go short at this stage and pay attention to the resistance in the 2215-2221 range.
If the bulls are strong, the high may touch around 2230, followed by a sharp decline. First focus on the support in the 2193-2187 range, and it is more likely to fall to around 2175.
In view of the sudden outbreak of the market, today's data market is very difficult to trade. I predict that the data will be beneficial to gold bulls, but the probability of the market falling is greater. So in data trading, I will mainly be short.
Gold: A Time-Tested Asset in Uncertain TimesGold, the age-old symbol of wealth and stability, continues to hold its ground amidst the uncertainties of the modern financial landscape. As market volatility rattles investors, gold stands as a timeless asset, offering a reliable store of value and a hedge against economic instability. Its enduring allure transcends generations, providing reassurance to investors seeking refuge from market turbulence. In a world of shifting fortunes, gold remains a steadfast companion, embodying the resilience and enduring value that have made it a cornerstone of investment portfolios for centuries.
Gold: A Timeless Investment in an Uncertain WorldGold, the age-old precious metal, continues to shine brightly as a cornerstone investment in today's volatile economic landscape. With its enduring allure and intrinsic value, gold remains a trusted asset for investors seeking stability and security.
At its core, gold's scarcity and tangible nature make it a reliable store of wealth. Unlike fiat currencies prone to inflationary pressures, gold's value has stood the test of time, preserving purchasing power over centuries.
Moreover, gold's versatility extends beyond its role as a monetary metal. Its unique properties make it indispensable in various industrial applications, from electronics to healthcare, bolstering its demand and value.
In times of economic uncertainty and geopolitical tensions, gold serves as a safe haven asset, providing a hedge against currency depreciation and market fluctuations. Its status as a universal currency transcends borders, offering investors a reliable sanctuary for wealth preservation.
Furthermore, gold's role as a diversification tool within investment portfolios cannot be overstated. Its low correlation with other asset classes helps reduce overall portfolio risk and enhance long-term returns.
Looking ahead, gold's timeless appeal is expected to endure, driven by its scarcity, versatility, and universal acceptance. As investors navigate uncertain times, gold stands as a beacon of stability and security, offering a timeless sanctuary in an ever-changing world.
Golden Resilience: A Time-Tested HavenGold, with its shimmering allure, remains an enduring sanctuary in the tumultuous world of finance. Its value transcends eras and uncertainties, serving as a steadfast anchor for investors seeking stability. From ancient civilizations to modern portfolios, gold's resilience shines bright, weathering economic storms and preserving wealth. As markets fluctuate and economies evolve, the timeless appeal of gold continues to shine, offering a glimmer of assurance in an ever-changing landscape.
GOLD BUY CONFIRM SIGNAL 100% Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities
Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
gold buy 2174
tp1 2178
tp2 2182
tp3 2200
tp4 2210
tp5 2220
sl 2150
💡 XAUUSD: Increased sharply after FOMCGold price increased sharply in the past session, breaking the accumulation zone and confirming the triangle pattern and the continuation of the uptrend. Despite not being able to create an ATH in the previous session, the bulls did it this morning, the price briefly broke the 2200 level and then encountered selling pressure again. However, it is likely that the price will still go up as the buyers are still showing complete control, trend followers can look for buying opportunities. The next target for the bulls will be 2050. These price zones are unexplored price zones, so you need to pay attention to round number milestones as important resistance zones.
Will gold continue to rise today?
Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the short term; the support position 2140-2145 is close to the pressure to sell, and close to the support to buy; if it falls below 2145-2140, we will focus on follow-up later; currently , without external force continuing to exert force, the pressure position of 2195 will not be broken for the time being. Today there is important data news from the Federal Reserve interest rate
New highest price range from Gold !! $2220 ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold.
⭐️ Personal comments NOVA:
Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2180 - $2182 SL $2175
TP1: $2190
TP2: $2205
TP3: $2220
🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping
TP1: $2205
TP2: $2200
TP3: $2190
🔥SELL GOLD zone: $2219 - $2221 SL $2226
TP1: $2210
TP2: $2200
TP3: $2180
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
GOLD-uptrend
The Federal Reserve kept interest rates steady on Wednesday, but policymakers signaled they still expect to cut interest rates by 75 basis points by the end of 2024. Three rate cuts are expected this year, according to the latest median economic forecast, but overall they are down from three months ago. Become more hawkish at one time forecast. Powell said it will soon begin to slow down the pace of reducing its balance sheet. Slowing down the balance sheet may allow the Fed to eventually reduce its holdings of government bonds more than previously expected. Currently, traders believe that the probability of a rate cut in June is 75%, while The probability before the Fed interest rate decision is announced is 60%. What needs attention today are: 20:30 US initial jobless claims for the week to March 16, US fourth quarter current account, US March Philadelphia Fed manufacturing index, 21:45 US March S&P Global Manufacturing Index Initial PMI value: US March S&P Global Services PMI initial value, 22:00 US February total existing home sales annualized, US February Conference Board Leading Indicator monthly rate.
Yesterday I thought it rose to 2173-2175 again, and there might be room for growth, but I didn't expect it to rise so much, so we need to be in awe of the market. As long as you follow my thoughts, even if you don't keep up with this rise, You shouldn’t lose money either
Today's transaction can only follow the trend. It is now a determined upward trend. The support below can be judged based on the unilateral moving average at 2192 and 2180. Buy near the support.
Following my strategy will make your trading easier
Gold latest technical analysis
In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and is currently trading around US$2,200, rising by more than US$20 during the day. Spot gold is trading at $2,200 an ounce.
Looking at the daily chart of gold, gold prices have confirmed the formation of a bullish flag, with the relative strength index (RSI) once again overbought.
The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome Powell said at a subsequent press conference that he believed interest rates may be at a cyclical peak and that it would be appropriate to start cutting interest rates at some point this year.
Affected by the dovish stance of the Federal Reserve, the U.S. dollar suffered a sell-off on Wednesday, with spot gold closing at $28.96, or 1.34%, at $2,186.06 per ounce. The price of gold rose further in early trading in Asia on Thursday, reaching a maximum of $2,222.90 per ounce, setting a new all-time high.
As shown on the daily chart of gold, gold prices confirmed the formation of a bullish flag after closing above the downtrend line resistance at $2,161 an ounce on Wednesday.
If gold buyers regain confidence, the next bullish price target is expected to be a record high of $2,223 an ounce, followed by a psychological level of $2,250 an ounce.
If the daily closing price of gold is below the $2,200/ounce mark, the high of $2,189/ounce will be tested.
Once gold prices fall below $2,189 per ounce, this will trigger a new downward trend in gold prices and fall towards Monday's low of $2,146 per ounce.
My suggestion is to go short at high prices at the right time
Always pay attention to my signals to make the right choice from them.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
From a technical perspective, the overnight strong positive move confirmed a breakout through a bullish flag chart pattern and validated the positive outlook for the Gold price. That said, the Relative Strength Index (RSI) has moved back above the 70 mark, making it prudent to wait for some near-term consolidation or a modest pullback before traders start positioning for any further appreciating move. Nevertheless, the broader setup supports prospects for an extension of the recent well-established strong uptrend witnessed over the past month or so.
Gold now buy 2205
Target 2210
Target 2220
Target 2225
Target 2230
SL 2190
Gold: The Timeless Asset of Stability and ValueGold, with its enduring luster and historical significance, remains a steadfast asset in the ever-evolving landscape of finance. Revered for millennia, gold transcends borders and cultures, embodying stability, value, and wealth preservation.
At its core, gold serves as a reliable store of value, immune to the volatility of fiat currencies and market fluctuations. Its scarcity and intrinsic properties make it a trusted hedge against inflation and economic uncertainty, offering reassurance to investors seeking stability in their portfolios.
Beyond its financial utility, gold holds symbolic and cultural importance across civilizations. From ancient civilizations to modern societies, gold has been used to adorn artifacts, jewelry, and religious objects, symbolizing purity, prosperity, and divinity.
Moreover, gold's practical applications extend beyond its role as a monetary asset. It is widely utilized in industries such as technology, medicine, and aerospace, further reinforcing its value and demand in global markets.
Despite the emergence of digital currencies and financial innovations, gold retains its allure as a tangible and timeless asset. Its enduring appeal and intrinsic qualities continue to captivate investors and enthusiasts alike, reminding us of the enduring legacy and universal value of this precious metal.
XAUUSD Today's Trading Strategy
After the FED meeting, the uptrend is still the dominant trend
The main trend is still uptrend so we still prioritize BUY positions
From now on, I will plan appropriate price zones
That's why today we will have 2 buying zones:
BUY ZONE 1: around round number 2200
BUY ZONE 2: Zone 2190
Key areas
BUY ZONE: 2199 - 2201 AND 2189 - 2191
TARGET: 2220
I will continuously update the plan
Gold: The Enduring Symbol of Wealth and StabilityGold, revered throughout history for its intrinsic value and allure, remains a timeless symbol of wealth and stability in the modern world. From ancient civilizations to modern-day investors, gold has held a special place in human culture and finance.
At its core, gold represents a tangible store of value that transcends geopolitical boundaries and economic uncertainties. Its scarcity and enduring demand have cemented its status as a hedge against inflation and market volatility, making it a trusted asset for preserving wealth over time.
Beyond its monetary value, gold holds cultural and symbolic significance across diverse societies. It is often associated with purity, prosperity, and even spirituality, adorning ceremonial objects and religious artifacts as a testament to its sacred status.
Moreover, gold's versatility extends beyond its role as a financial asset. It is widely used in jewelry, technology, and industry, further enhancing its value and demand in global markets.
Despite the rise of digital currencies and financial innovations, gold continues to shine as a beacon of stability and security in an ever-changing world. Its timeless allure and intrinsic qualities remind us of the enduring legacy and universal appeal of this precious metal.
Gold: A Resilient Asset Amid Market VolatilityIn the realm of finance, gold has long been revered for its stability and intrinsic value. Even amidst market volatility, gold stands as a reliable asset, offering a safe harbor for investors seeking refuge from uncertainty. Its timeless allure remains steadfast, providing a sense of security in turbulent times. As economic fluctuations persist, gold's resilience shines through, reinforcing its status as a cornerstone of diversified portfolios. In the face of uncertainty, gold remains a shining beacon of stability for investors worldwide.
Gold: A Timeless Anchor in Turbulent SeasAmidst the choppy waters of economic uncertainty, gold continues to stand firm as a beacon of stability and value. Its enduring allure transcends market fluctuations, offering investors a safe haven in times of turbulence. As global tensions rise and fall, gold remains a symbol of resilience, reassuring investors with its intrinsic worth. In the ever-changing landscape of finance, gold's timeless appeal remains unwavering, serving as a steadfast anchor in turbulent seas.
The Golden Standard: Exploring Gold's Enduring AppealGold, with its timeless allure, remains a symbol of wealth, prestige, and stability in the world of finance. Its significance spans civilizations and centuries, captivating humanity with its inherent beauty and rarity.
At its essence, gold represents more than just a precious metal; it embodies a universal standard of value and a tangible form of wealth. From ancient civilizations to modern investors, gold has held a prominent place in portfolios as a hedge against economic uncertainty and inflation.
Beyond its monetary value, gold holds cultural and symbolic significance across diverse societies. It is often associated with purity, prosperity, and even divinity, adorning temples, religious artifacts, and ceremonial objects throughout history.
Moreover, gold's scarcity and enduring demand have solidified its position as a store of value, transcending borders and economic fluctuations. Its stability and liquidity make it a trusted asset for investors seeking to diversify their holdings and preserve wealth over time.
Despite advancements in technology and the rise of digital currencies, gold maintains its status as a timeless asset, valued for its intrinsic qualities and historical legacy. Its enduring appeal continues to shine bright, reminding us of the timeless allure and enduring relevance of this precious metal.
Gold: The Glittering Beacon of Value and TraditionGold, the age-old symbol of wealth and prosperity, continues to captivate hearts and minds across the globe. Its enduring allure transcends time and borders, weaving through the tapestry of human history with an unmatched elegance and mystique.
At its core, gold represents more than just a precious metal; it embodies a timeless store of value, cherished by civilizations throughout the ages. From ancient pharaohs to modern investors, gold's shimmering brilliance has been revered and sought after for its inherent beauty and scarcity.
Beyond its material worth, gold holds a deeper significance ingrained in cultural traditions and religious practices worldwide. It symbolizes purity, divinity, and blessings, adorning temples, artifacts, and ceremonial objects as a testament to its sacred status.
Moreover, gold serves as a hedge against economic instability and geopolitical turmoil, offering stability and security in times of uncertainty. Its universal acceptance and liquidity make it a trusted asset for investors seeking to preserve wealth and diversify portfolios.
Despite the advent of modern financial instruments and digital currencies, gold remains a timeless asset, resilient in the face of evolving economic landscapes. Its intrinsic value and cultural significance continue to shine bright, reminding us of the enduring legacy and timeless allure of this precious metal.
Gold: A Timeless Symbol of Wealth and PrestigeGold, the coveted precious metal, holds a timeless allure that transcends generations and cultures. Since ancient times, gold has been revered for its intrinsic beauty, rarity, and enduring value, making it a symbol of wealth, prestige, and prosperity.
At its essence, gold embodies permanence and stability in an ever-changing world. Its shimmering luster and malleable nature have inspired artisans and craftsmen throughout history to create intricate jewelry, artifacts, and adornments that stand as testaments to human ingenuity and creativity.
Beyond its aesthetic appeal, gold holds a sacred place in various cultural and religious traditions. It symbolizes purity, divinity, and enlightenment, serving as offerings in ceremonies and rituals across diverse civilizations worldwide.
Moreover, gold serves as a hedge against economic uncertainty and inflation, making it a preferred asset for investors seeking to preserve wealth and diversify portfolios. Its intrinsic value and universal acceptance make it a trusted store of wealth, transcending geopolitical boundaries and economic fluctuations.
Despite the advent of modern financial instruments and digital currencies, gold remains a cornerstone of stability and prestige in the global economy. Its timeless allure continues to captivate hearts and minds, reminding us of the enduring legacy and significance of this precious metal in human history.
The Timeless Charm of Gold: Beyond Material WealthGold, with its enduring allure, transcends mere material wealth to symbolize prosperity, tradition, and beauty. Throughout history, civilizations have revered gold for its intrinsic value and cultural significance, weaving it into the fabric of society in multifaceted ways.
From ancient Egypt to the Inca Empire, gold has been prized for its shimmering brilliance and rarity. Its lustrous hue adorning artifacts, jewelry, and religious objects serves as a testament to human craftsmanship and ingenuity.
Beyond its aesthetic appeal, gold holds a sacred place in various cultural and religious practices. It symbolizes purity, divinity, and enlightenment, serving as an offering in ceremonies and rituals across diverse traditions worldwide.
Moreover, gold transcends borders and generations, serving as a timeless store of value and a hedge against economic uncertainty. Its intrinsic stability has made it a preferred asset for investors seeking to preserve wealth and mitigate risks.
Yet, the allure of gold extends beyond its financial utility. It evokes emotions of nostalgia and nostalgia, reminding us of cherished memories and traditions passed down through generations. Its timeless elegance continues to inspire artists, designers, and craftsmen to create exquisite works of art.
In an era marked by rapid technological advancements and fleeting trends, gold stands as a symbol of permanence and continuity. Its timeless charm reminds us of the enduring legacy of human civilization and the timeless values that bind us together.
As we navigate the complexities of the modern world, gold serves as a beacon of hope and stability, reminding us of the enduring beauty and significance of the past. Its gleaming presence continues to captivate hearts and minds, transcending borders and bridging cultures in a timeless embrace.
🥇Gold Analysis🥇(🚀)🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,135-$2,108) 🟡
🌊According to the theory of Elliott waves , it seems that Gold has managed to complete the main wave 3 at $2,195.235(All-Time High(ATH)).
🌊 Gold is completing the main wave 4 , so it seems that this corrective wave's structure is Zigzag(ABC/5-3-5) .
💡 One of the signs of the end of the main wave 4 can be the breaking of the Resistance line .
🔔I expect Gold to move up towards 🎯Targets🎯 on the chart as it enters the 🟡 Potential Reversal Zone(PRZ)($2,135-$2,108) 🟡.
Gold Analyze ( XAUUSD ), 4-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.