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Xauusdforecast

Investors are ready for tonight's CPI dataGold prices fell amid falling US government bond yields and a strong USD. The 10-year US government bond achieved a yield of 4.4% and decreased nearly 4 basis points compared to the opening level. The USD index (DXY), which tracks the movement of the USD against 6 other currencies, is currently down 0.03% to 105.00 and is struggling here. The US Bureau of Labor Statistics (BLS) reported that the PPI Index increased 0.5% over the previous month, surpassing the forecast for a 0.3% increase. Similarly, the core PPI index, excluding food and energy prices, also increased by 0.5%, exceeding the expected level of 0.2%. Both figures were significantly higher than the 0.1% decline in March in both global and core inflation, indicating a jump in producer prices. April CPI is expected to remain unchanged compared to March at 0.4% month-on-month. Core CPI is expected to continue its downward trend from 0.4% in March to 0.3% month-on-month. Other data will be released during the week, led by Retail Sales on May 15, Initial Jobless Claims and Industrial Production on May 16. The Fed released its monthly consumer expectations survey on Monday, showing inflation expectations for the year rising to 3.3% from 3% in March. The data came after a sentiment poll. University of Michigan consumer survey shows one-year inflation expectations rising from 3.2% to 3.5%. Forecasts for an interest rate cut by the end of the year remain at 35 basis points, according to data provided by Chicago's CBOT exchange.
TVC:GOLDShort
by MrTrongVo
💡XAUUSD: Analysis May 14Gold decreased yesterday, ending the previous streak of 2 consecutive days of increases. The previous day's D1 bar created an upward but weak breakout, and because yesterday's D1 bar closed below the bottom of the previous rising D1 bar, it turned that break into a false break - which could cause Gold's upward momentum at D1. stalled, even pulled back down. The chart structure of Gold D1 is still moving sideways and accumulating in an overall upward trend. H1 gold is having a downward pull after the previous price increase. Price is receiving support from the confluence of the lower barrier + the upward sloping trendline below. However, because in D1 there was a false break creating a bull trap, H1 today can catch up to sell down. Will switch to buying if Gold H1 is pushed back up to the old peak, absorbing all the recent decline. At that time, you can wait to buy on the retest. H1 trend: Gold moves sideways Today's trading idea: Sell/Buy Gold.
OANDA:XAUUSDLong
by Stone_Haven
The most accurate gold analysis.Yesterday, on Monday, we believed that investors' expectations of the Federal Reserve delaying an interest rate cut still put pressure on gold. However, there was little hope for a ceasefire in Gaza, and risk aversion sentiment increased, supporting gold's rebound. The upper pressure focused on $2,328, followed by $2,340, and the lower Support is focused on $2,305, followed by $2,291 and $2,281. Judging from the subsequent trend, after gold encountered resistance near US$2,324, it continued to fall under short-term pressure, stabilized and rebounded near the high point of US$2,315, and reached a maximum of US$2,331 when it encountered resistance. After that, it fluctuated sideways around US$2,324 until the close. At the opening of trading on Tuesday, gold tested upward, reaching a maximum of $2,329. After encountering resistance, it fell back in shock, falling to a minimum of $2,311. It is currently trading around $2,314. Overall, although geopolitical concerns supported gold's short-term rebound, the rise was limited and gold prices continued to remain range-bound. Although the U.S. non-farm data was weak, market speculation on the Federal Reserve's interest rate cut increased, and the ceasefire negotiations in Gaza reached an impasse, the risk aversion sentiment increased, which jointly supported the rebound of gold. However, judging from the signals released by the Federal Reserve after last week's meeting, The Federal Reserve will delay cutting interest rates, which will limit the rise in gold prices. Considering that the U.S. data this week is very light, gold may remain volatile in the absence of unexpected factors (mainly geopolitical risks). In terms of news, Fed Chairman Powell's speech was less hawkish than expected and still released a new high in interest rate cuts to the market. However, he also said that the next step is unlikely to be an interest rate cut, and given previous data, confidence has decreased. The U.S. non-farm payroll data in April was weak, with both employment and wage growth slowing. The weakness in the labor market is favorable for the Federal Reserve to cut interest rates. Gaza's ceasefire negotiations reached an impasse, and the situation became tense for a time, boosting market risk aversion. However, Habas announced on Tuesday that it had agreed to a ceasefire agreement, which dampened safe-haven buying of gold. In terms of operation, it is recommended to treat it with a shock idea. The upper pressure will focus on $2,325, followed by $2,338. The lower support will focus on $2,312, followed by $2,300. If gold prices fall below $2,300 and are weak in the short term, they may test $2,280 again.
FXOPEN:XAUUSD
by Peter-analyst
Risk aversion rises, latest analysis of gold.Federal Reserve officials have made intensive statements earlier, saying that there is no urgency to cut interest rates. At the same time, Powell's recent speech, although less hawkish than expected, also expressed reduced confidence in interest rate cuts. These factors have put gold under pressure. The U.S. data released last Friday Weak non-agricultural data once supported gold's rise, but the U.S. dollar and U.S. bond yields quickly rebounded to recover their losses, putting gold prices again under pressure. However, the situation in the Middle East has become turbulent again, and there is little hope for an armistice in Gaza. Risk aversion has increased to support gold prices. . Looking ahead to the market outlook, U.S. economic data this week are light, and it is recommended to pay attention to geopolitical risks. If the risks cool down, gold may maintain a volatile trend. If the conflict escalates again, this will cause gold to continue to rise.
FXOPEN:XAUUSD
by Peter-analyst
XAU/USD 14 May 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as analysis dated 13 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing. Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a printed a bullish BOS and iBOS After BOS we expect price to pullback. Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened. Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction. Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD - Forecast & Roadmap (26-APR-24)Could we reach 2450-2460 by the end of this year? Keep an eye on this possibility, especially within the 2230-2240 zone . Hello Everyone ! I hope you all are doing great today. In my view, currently we are in a Bigger Corrective Structure now. . To avoid guessing and confusion, I suggest that you only take trades within this highlighted zone . . I hope my forecast can provide easy understanding. Remember, the trend is your friend, so keep it simple . Trade With Care, WAVE HUB FX ---------- Please follow me and like if you agree or this idea helps you out in your trading plan Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAUUSD
by WaveHubFX
Gold latest trend analysisGaza ceasefire talks broke down last Thursday and representatives from both sides left Cairo. Habas said Israel used negotiations as a cover to attack Rafah in order to escalate its war against Gaza. Israel said its troops would be stationed in Rafah regardless of whether an agreement was reached. And operations continue in Rafah and other areas of the Gaza Strip. In addition, the Houthi armed forces have stated that they will target ships related to any company that transports or supplies goods to Israel. Hamas said on Saturday that it had not suspended or withdrawn from negotiations and that the occupying power had turned against the mediation plan. Last Friday, Fed officials gave a hawkish speech. Bowman said that the Fed's policy should be advanced cautiously and prudently, and that it needs to maintain policy stability for a longer period of time. There is no need to cut interest rates this year; Logan said that the economy is not yet in a soft landing, and inflation in the first quarter The data is disappointing, there are important upward risks to inflation, and it is too early to consider cutting interest rates; Goolsby said that in view of rising inflation, we must wait and observe the policy situation. If rising inflation means that the economy is overheating, we must take all necessary measures to bring the inflation rate down. down to 2%; Kashkari said he is cautious about the restrictiveness of monetary policy. If inflation allows, interest rates will remain stable and he does not rule out the possibility of another interest rate increase. In terms of operation, it is recommended to treat it with an oscillatory approach. Currently, gold is testing lower. The lower support can focus on $2,334, followed by $2,320. If the gold price stabilizes, the upper pressure can focus on $2,355, followed by $2,364.
OANDA:XAUUSD
by Mark-VIP007
This is a golden analysis to help you make money.Gold prices climbed more than $30 on Wednesday as the dollar and U.S. Treasury yields fell after the Federal Reserve's interest rate decision and Chairman Jerome Powell's speech. In addition, due to higher-than-expected inflation in the first three months of this year, this week the Federal Reserve, after keeping interest rates unchanged as scheduled, also admitted that recent inflation has not been going well, and at the same time officially announced that it will begin to slow down the pace of balance sheet reduction in June; and Powell said that next time The meeting is unlikely to raise interest rates. Interest rate cuts and interest rate increases have their own paths, depending on the data, giving a signal that they are still leaning toward an eventual interest rate cut; and the number of people filing for unemployment benefits on Thursday is also likely to increase. There is a high probability that Friday's non-agricultural data will also be lower than the previous value, which will provide some support for gold prices. Therefore, the trend of gold prices at the end of the week will tend to remain volatile or rebound and strengthen.
OANDA:XAUUSD
by Mark-VIP007
1
100% Gold AnalysisAfter the recent continuous fluctuations in the gold trend, the short-term bulls finally broke through the defense, and the price broke through 2323 and then started a unilateral decline! The lowest level reached 2284. From the daily line of gold, it fell to around 2291 at the beginning of last week and then rebounded. Then it rebounded to the highest level of around 2352 on Friday and then fell back. This week continued the weakness of last Friday. On Tuesday, it fell sharply by 50 US dollars and directly broke through the support near 2291 last week, setting a low since April 5; the daily line closed with a bald big negative line, and it will continue to fall during the day. The first support below is 2265. Once it breaks, it may reach around 2230. The market is optimistic that the Federal Reserve will send a hawkish signal. The US dollar index rose sharply to above 106, and gold fell under pressure. Although the Federal Reserve meeting did not move, Powell’s press conference will inevitably reiterate his hawkish remarks, so gold is bound to continue to fall. For intraday operations, you can refer to the 2305 area to enter a short order and look at around 2270.
OANDA:XAUUSD
by Mark-VIP007
Gold’s pullback gives opportunity to go longLast Friday, as weak U.S. economic data supported the possibility of the Federal Reserve cutting interest rates, the price of gold rose sharply, once rising to 2,378. Investors are paying attention to Powell's speech this week, as well as CPI data. Gold's rise and fall are basically in place. On the one-hour line, bulls are firmly holding the key watershed of 2352, and the first support level of the moving average has now reached the 2360 line. Although the price of gold fell slightly below the moving average support level, the daily closing positive last Friday gave us a clear direction.
TVC:GOLDLong
by Donald-king
💡 XAUUSD: Is the gold trend clear yet?After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish pin bar model on daily. Therefore, buying at this time still has many potential risks, you should wait and observe more.
OANDA:XAUUSD
by Stone_Haven
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday. I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish. Confluences for GOLD sells are as follows: - Price has slowed down after an impulsive move last week indicating a correction. - Price is inside an 8hr supply zone and wyckoff distribution is playing out. - Imbalance and liquidity below that needs to get mitigated. - Demand zone on the 19hr around 2320, looking interesting for the next rally. P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions. Have a great trading week guys!
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWe dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart. The positive tone to market sentiment, driven by a rally in equity markets, may have contributed to Gold's decline, despite its safe-haven appeal during times of crisis. Additionally, the likelihood of the Federal Reserve cutting interest rates sooner than anticipated could weigh on the US Dollar (USD), as evidenced by sliding US Treasury yields. Fed Governor Bowman's hawkish remarks, expressing willingness to hike rates if inflation stalls, and the solid US employment report further shaped market expectations. In this video, we analyze these developments and decipher the potential behavior of the XAUUSD market as we head into the new trading week. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our focus for the upcoming week centres around the $2,285 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,285 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. Join me as we unpack the implications of these factors and explore possible trading opportunities in the Gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
💡 XAUUSD: Strong upward momentumGold prices increased sharply in the past session, forming a marubozu candle on the daily frame, showing that buying pressure is very strong. This move reinforced the previous triangle pattern breakout signal, suggesting the possibility of the price returning to an uptrend. Please pay attention to the current resistance level of 2350-2360. If it is broken, the price could extend its upward momentum and move towards the ATH level, then you can consider new buying positions.
OANDA:XAUUSDLong
by Stone_Haven
💡 XAUUSD: Which "power" will lead the upcoming gold price?Recent data and information show that the US Federal Reserve - the Fed is still leaning towards cutting interest rates this year. Especially after the recent NFP employment data showed that the labor market cooled, creating conditions for the Fed to act more easily. However, the US interest rate situation is still quite ambiguous as the markets showed caution in yesterday's trading session. This week, investors will have the opportunity to listen to the speeches of many major central bank officials, not only from the US but also from the European region, and the focus will be the ECB meeting minutes. The interest rate decision of the Bank of England announced on Thursday this week will also greatly affect the monetary market in particular and the financial market in general in the near future. In addition, it is worth noting that the Central Bank of China continues to be actively net buying in the precious metals market for the 18th consecutive month, adding 60,000 troy oz to its reserves regardless of gold prices. higher. Showing that the demand for physical gold is still very large for "huge" financial institutions.
OANDA:XAUUSDLong
by Stone_Haven