Gold market analysis
The price of gold is now $2157
From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern.
Focus on Fed rate decision and Powell press conference
The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference.
Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts.
It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year.
The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices.
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Xauusdbuy
XAUUSD:It will fall again
When it came to around 2145, it started to rebound. I hope everyone followed my point of view and made money!
At present, it has signs of falling back. Pay attention to the support of 2157-2152. If the support is effective, it will rise again. 2164-2172 will still be resistance.
If it falls below the support, it will fall to a lower position, and 2145-2134 will become an important support range.
Gold Fed Rate Trading Strategy
XAUUSD There will be a Federal Reserve interest rate decision in less than four hours, and gold prices will fluctuate greatly. The trading suggestions I gave are as shown in the figure, gold rebounds in the 1/2139-2143 area. You can try buying here once.
2/If it falls below this area 2139-2143, then the next range is 2121-2124. You can try to buy here.
3/If gold rises directly, we need to pay attention to 2 positions 2183-2188/2194-2199.
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Today’s gold price market trading analysis
On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150
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 falls to 2100?
Hello everyone.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
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Gold Prices Dip as US Dollar StrengthensFollowing a bullish session, global gold prices on March 15th reversed course, driven down by a strengthening US dollar and rising bond yields. Currently trading around $2163, the precious metal faces downward pressure amidst modest macroeconomic data from the US. Specifically, retail sales in February saw a slight increase of 0.6%, below the expected 0.8% growth, while the core Producer Price Index (PPI) remained unchanged at 2% year-on-year. With this information, market speculates that the Federal Reserve may exercise caution in future interest rate cuts, prompting increased demand for the USD and further bolstering its strength. Consequently, gold prices encounter downward pressure in today's trading session.
Gold price real-time trading analysis
On Monday (March 19), spot gold bottomed out and rebounded, with the price rising at $2,150. According to the latest analysis, gold is supported at $2,145.35.
The price of gold is now $2,150.
According to the current gold trend, gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
Always pay attention to my signals to make the right choice from them.
It is recommended to go short in the short term: go long around $2150.
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 prices will fluctuate strongly on this news-filled dayGOLD three nowadays appears to be jogging across the region from 2146>2162.
Tonight at 1 o`clock there might be FOMC information. In addition, this week there has been additionally a variety of sturdy information that affected the market.
>With the Current Price Trend, Everyone Continues to Watch Sell Gold Following the Trend Around Area 2159>2162
SL 2164
TP 2150>214x
**Note: If Gold does now no longer destroy thru Zone 2146 nowadays, you could Buy Surf in step with the response zones from 2146>2150.
Like Today's Price Plan, if Gold breaks thru Zone 2164, it's far in all likelihood that the rate fashion will opposite to the Buy side. So all buyers need to control their capital.
If there may be any new information, I will replace more 😊😊
----------NEWS------------------
According to Kitco, gold charges are below stress however keeping aid around $2,one hundred fifty as housing production withinside the US multiplied 10.7% in February.
Residential production rose 10.7% closing month to an annual charge of $1.521 million, the Commerce Department stated. This year, housing production multiplied 5.nine percent, the document stated.
The gold marketplace did now no longer react a whole lot to the today's housing marketplace statistics because it persevered to look a few sturdy promoting stress. April gold futures closing traded at $2,157.70 in line with ounce, down 0.30% at the day.
The marketplace is looking ahead to a clearer stance from the United States Federal Reserve (FED) on lowering hobby prices at its assembly this week. In theory, if hobby prices do now no longer lower, the USD will boom in value, negatively affecting the fee of gold. However, this professional predicts that no hobby charge cuts can be made, and gold charges will preserve to boom.
The marketplace is watching for new revelations approximately the FED`s subsequent direction, particularly the predicted time to begin slicing running hobby prices and the predicted degree of cuts this year.
Adrian Day - Chairman of Adrian Day Asset Management, stated that gold charges are displaying symptoms and symptoms of healing because the FED and imperative banks put off slicing hobby prices. The marketplace waits for sure indicators from imperative banks withinside the close to future.
Meanwhile, Bob Haberkorn - senior commodity dealer at RJO Futures, stated that gold charges are very touchy to inflation statistics. This is crucial statistics for the FED to determine while to regulate hobby prices this year.
Marc Chandler - Managing Director at Bannockburn Global the Forex market believes that gold charges can also additionally lower this week. From breaking the fee degree of 2,one hundred fifty USD/ounce, gold fee can go back to 2,a hundred thirty or maybe 2,one hundred ten USD/ounce. However, he's involved approximately the opportunity that gold charges can also additionally fall to 2,one hundred USD/ounce