xauusd: Will gold reach 1900?Hello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Gold has continued its downward trend this week, with further pressure expected due to the renewed rise in DXY. Personally, I anticipate another decline in gold, so my trading advice for the near term is to wait for an upward movement before continuing to short.
Key resistance levels to watch are 2040-2050-2060. Scaling in short positions can be considered upon reaching this area, with target zones focused on 1980-1960-1940.
I update market analysis daily and also send accurate trading signals within Luke's group to help ensure the long-term stability and profitability of your account. Don't miss out!
Xauusdforexsignal
XAUUSD : Gold prices are expecting interest rate cuts.Slightly lower as economic data continues to improve, awaiting interest rate decisions from central banks.
Gold prices fell slightly today as the market lowered expectations for interest rate cuts and the US stock market recovered.
During the January 22 session, world gold prices decreased slightly when US economic data was better than expected and the market lowered expectations for interest rate cuts. The recovery of the US stock market also limited the recovery momentum of precious metals. In the long term, when the Fed decides to cut interest rates, gold will gain the necessary momentum to break out. Currently, gold is falling slightly to $2,020.
Looking ahead, the market will receive the US's fourth quarter GDP report, along with interest rate decisions from the ECB, BoJ, and Canada.
XAUUSD : Gold is recovering after a sharp decline.Waiting for interest rate decisions of major banks this week.
Gold steadies as the week begins, major central bank interest rate decisions and the upcoming US core PCE index could create volatility for the USD and gold.
World gold price is currently increasing slightly to $2,030 after a sharp decline last week. The main barrier to gold's current increase is still the USD and US government bond yields are still high. In the long term, gold remains the favored asset as geopolitical tensions escalate and central banks reduce interest rates.
This week, the market will receive the US manufacturing PMI report on Tuesday, the core PCE index on Friday, and the interest rate decisions of the ECB and BoJ. These data points will help shape the trend of USD and gold in the near future.
GOLD : Gold has not yet successfully tested support at $2,021After testing the 2021 support zone, gold increased slightly and then returned to the 2021 zone again.
The 10-year US government bond yield has now increased above the psychological level of 4.0%, which has helped the US dollar increase sharply compared to most other currencies. This also caused a strong impact on XAU/USD as the gold price fell more than 1.25% in just one day.
In addition, the USD's upward momentum was also reinforced by the market's reassessment of the interest rate outlook after Fed Governor Christopher Waller said that policymakers will not rush to cut interest rates until there is a clear signs that inflation can be maintained at a low level. In addition, with the US economy still maintaining a good level, the Fed may not loosen monetary policy significantly this year.
Gold fell sharply on Tuesday, and is now approaching the 50-day SMA around $2,010. If buyers fail to hold this support, the bearish momentum will increase and bring the price back to the $1,990 threshold, and beyond to $1,975.
Conversely, if the buyers return and create a bullish reversal, the first resistance will be at the $2,045-2,050 zone. The price may have difficulty overcoming this resistance zone. However, if buyers succeed in overcoming resistance, it will open up the potential for a rally to the December peak at $2,085.
XAUUSD : Buyers are gradually regaining their positionGold fell below $2,025 in the European session after being sold off on Tuesday.
XAU/USD is under pressure as the USD moves higher amid escalating geopolitical risks in the Middle East and reduced market expectations for a sharp Fed rate cut in 2024.
On frame D1, selling pressure increased sharply after sellers successfully tested the 21-day MA support at 2,046 USD. The bearish momentum continued to strengthen after XAU/USD closed Tuesday's session under Symmetrical Triangle support near $2,031, with the RSI remaining below 40 and slightly down.
Immediate support to watch is the 50-day MA at $2,021, with the next target at $2,010. If these areas are successfully tested, gold will be sold off to the $2,000 area.
On the contrary, for gold to recover, the first target for buyers is Symmetrical Triangle support near $2,033, then $2,046 (21-day MA and Triangle resistance). mentioned above) and the 2,050 USD mark.
XAUUSD: The gold market will be affected by Middle East politicsWorld gold prices increased slightly as geopolitical tensions risked prolonging and the market raised the valuation of the Fed to cut interest rates.
World gold prices continue to increase thanks to escalating geopolitical tensions in the Middle East and the risk of prolongation. With the conflict in Ukraine and the US economy showing signs of decline through the recent PPI index, the safe-haven appeal of gold continues to be exploited. Gold is currently approaching a sizable resistance level at $2,050 and this level could limit gold's upward momentum for the time being. Currently, gold is moving around $2,052.
Coming up this week, the market will receive many important news, including the Fed's Beige Book, US retail sales and some speeches by Fed officials.
XAUUSD : Gold adjusted down after the US CPI reportWorld gold prices are currently recovering after a decline as the US CPI reported data was stronger than expected and the unemployment benefit claims data missed estimates, which could delay the Fed's decision to cut interest rates. in the current period and will affect precious metals. After falling to $2,014, gold is now recovering to $2,034.
The market will soon receive the release of US PPI data along with a speech by Minneapolis Fed President Neel Kashkar.
Although gold prices have continued to decline, the downward momentum has gradually weakened, enough to create a bullish candle on the daily chart. Currently, precious metals are still supported by expectations of Fed interest rate cuts and the weakening of US government bond yields. Along with that is the appeal of a safe haven asset when geopolitical instability is escalating.
XAUUSD : The entire market is focused on the US inflation reportGold increased slightly thanks to DXY's decline after a few recovery sessions. The market held its breath waiting for the US inflation report at the end of the day.
During the January 10 session, world gold prices decreased slightly and stabilized as investors waited for the US inflation report. DXY's slight decline after a few recovery sessions could help gold rise again today. Gold is still a popular asset in the context of high world inflation and Middle East geopolitical tensions. Gold is currently recovering to $2,028 after falling to $2,024 yesterday.
On frame D1, the 100-day MA increased above the 200-day MA last Friday, confirming the uptrend of gold. However, the RSI is currently flat and close to 50, showing that the upward momentum is weakening. If the recovery consolidates, immediate resistance to watch will be the 21-day MA at $2,045, followed by Friday's session high at $2,054 and the $2,100 mark.
On the contrary, sellers may look towards the $2,015 area, with the 50-day MA and Monday's session bottom. A successful test of this support could extend the downward momentum towards the $2,000 mark.
XAUUSD: Gold price decreased slightly after FOMC meeting minutesDuring the January 3 session, world gold prices decreased slightly mainly due to the increase in the USD. The latest FOMC meeting minutes show that the Fed will not rush to loosen interest rates, prolonging gold's decline. However, gold's initial increase will be maintained when the US interest rate cut plan is expected to be carried out this year and geopolitical tensions increase.
Tomorrow, the market will receive the US employment report, this data can create fluctuations in gold prices as this report will help the market evaluate the economy. Currently, gold is recovering slightly to $2,042.
The SPDR Gold Shares fund on January 3 continued the decline from yesterday when the fund's holdings slid to 874.21 tons.
XAUUSD: Mainly short
Yesterday, our strategy of going long first and then shorting was very good and profitable. Congratulations to all members and all friends who traded according to the strategy. Today's strategy is still the same, mainly shorting.
There is currently strong resistance in the 2063-2071 range. During the rebound, if it still cannot break through strongly, it will most likely fall again, and is likely to fall below around 2052.
No strategy can be 100% correct, so everyone should pay attention to controlling risks during the transaction process.
Good luck and hope you all can make a lot of money today too!
XAUUSD : The focus turns to the FOMC meeting minutesDuring the January 2 session, market expectations of the Fed cutting interest rates and geopolitical tensions in the Middle East continued to increase the safe-haven appeal of gold. However, the increase in the DXY index and government bond yields of all terms (with the 10-year yield increasing to 3.93%) may restrain the current upward momentum of precious metals. As of now, gold price is around $2061.24.
In the near future, the market's focus will be on the release of the FOMC meeting minutes today, the US unemployment report on Thursday and the NFP report on Friday.
Gold today will fluctuate in the 2058 to 2070 range ahead of the FOMC meeting.
XAUUSD: Gold rose sharply, the follow-up operation idea
After the Federal Reserve interest rate resolution appeared yesterday, to determine the beginning of interest rate cuts in March next year, gold rose sharply, once rose to the upper resistance level near 2040, usually gold in the rapid rise and fall will appear repair market, the fact is so, today gold in the 2030-2040 shock consolidation, Focus on whether the afternoon data release will break the key pressure level of 2040!
gold:buy@2042 sl2038 tp2052
💯GOLD PLAN DAILY DECEMBER 1👉 World gold price on December 1, as of early morning (Vietnam time), is trading around 2,036 USD/ounce - down 8 USD/ounce compared to trading at the same time yesterday morning.
👉 Today's gold price was adjusted slightly down after this precious metal hit its highest mark in 7 months. The solid recovery of the US Dollar Index also had a negative impact on the metals market.
👉 Analysts said that although inflation has fallen sharply from the 40-year high recorded in June 2022, it is still much higher than the 2% target set by the Fed.
👉 On Tuesday this week, the US Department of Commerce said that core PCE, the Fed's preferred inflation measure, increased 3.5% in the past 12 months through October. Persistent inflation may force the Fed must maintain interest rates within a limited range in the first half of next year.
👉 According to data from the World Gold Council (WGC), central bank gold demand is on track to reach or even surpass last year's record. In early November, WGC said central banks bought more than 800 tons of gold in the first nine months of the year. China, Poland, Singapore and India are the leading countries in gold additions.
👉 Tonight there will be news about IMS and Chairman Powell will speak, the price will fluctuate quite a lot. AEs note the time frame to avoid trading
👉 TECHNICAL COMMENTARY: Gold price in the last 2 days has had selling pressure and gradually adjusted, but not too strongly. The price line is still too high above the EMA 38,89,200, the price is falling to approach the EMA 34, expecting a nice Buy bet in the 2020 area when the price adjusts and touches the EMA 34 there.
📌Trading plan:
🔼 Buy Gold Entry: 2019x -2017x
Sl 2014
TP 2026 - 2033
🔼 Sell Gold Entry: 2042 – 2044x
Sl 2047
TP 2036 - 2028 - 2020
XAUUSD:Bears will take it back to 2013
There are no exactly the same market conditions, but there are similar markets, so technical analysis was born. Never worry that there are no trading opportunities in the market. As long as the market exists, opportunities will exist, unless you lose all your money and have no way to participate in the next transaction. Otherwise, don’t be upset just because you missed a trading opportunity.
You have to believe that the principle of extremes must also apply to this market. A sharp rise will be followed by a sharp fall, and vice versa. 99.9% of the gaps will eventually be filled.
The test is human nature, patience, and your understanding of the market!
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
💯DAILY GOLD PLAN 11/23: SIZE WAY👉 Gold prices fell today when the latest report showed that the number of weekly unemployment benefit applications decreased by 24,000 applications to 209,000 compared to last week's estimate. After the report, the dollar recovered from its lowest level and Treasury yields pared earlier losses, pushing gold off the key psychological threshold of $2,000 an ounce.
The US Dollar Index has risen to a daily high and that is limiting some gold buying demand, said senior analyst Jim Wyckoff at Kitco Metals.
👉 However, in my opinion, this is just a steady rhythm in the macroeconomic context that is supporting gold.
👉 TECHNICAL COMMENTARY: Gold is still in the rising price channel, yesterday and today gold will adjust to gain momentum, support milestones to pay attention to 1983 - 1975. Today the bank is off a lot so the price will not run. strong, scapling guys take advantage of the rice harvest!
📌Trading plan:
🔼 Sell Gold Entry: 1996 - 1998
Sl 2000
TP 1992 - 1988 - 1984
🔼 Buy Gold Entry: 1985 -1983
Sl 1980
TP 1990 -1995
XAUUSD: Today's analysis and operational strategy
Today, gold opened low to 1978, and after briefly falling to the $1973 line, supported by technical buying and rose to strong volatility, but the day is still under pressure in the high fall pressure on Friday, if the market can not strengthen again to refresh the high point on Friday, there is a pullback to fill the expected prospect. Gold technical analysis, on the daily line, gold did not rise sharply on Friday, after touching a high intra-day fall, recorded a small Yin with a long shadow line, on the daily line, gold is currently a short-term decline, or will test the MA10 daily average; Overall, gold is currently in a short-term downward trend!
Strategy reference: High probability scenario: Bearish below 1985, target 1973-1865. Low probability scenario: bullish above 1985, target 1993-1997.
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
Easily profited 10 pips from shorting gold againToday I gave you a trading signal in the channel. We first consider shorting gold with 1990 as the resistance, TP: 1981;Obviously, after the US market started, gold fell in the short term and perfectly hit my expected profit target. Including the short position we added, we easily made a profit of 10 points in today's transaction. I'm very happy to be able to make money with everyone. I think we should have enough funds to enjoy our leisurely weekend time.
After gold hit our profit target, gold currently rebounded again to near the 1983 position. Although gold remains above 1980, relatively speaking, the power of gold bulls has weakened, and after gold surged due to the news, gold also has a need for a technical correction. Therefore, for short-term trading, I am more inclined to continue shorting gold after gold rebounds.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
GOLDEN PLAN DAILY November 15: WAIT ENTRY BUY💯GOLDEN PLAN DAILY November 15
👉 Gold rose sharply amid plunging bond yields as a surprise drop in inflation reinforced expectations that the Fed's tightening cycle is over and interest rates will soon be cut. October CPI in the US increased by 3.2% compared to the forecast of 3.3%, while core CPI increased by 0.2% m/m compared to the forecast of 0.3%, this is the lowest increase in the past 2 years. According to the interest rate market, the likelihood of another rate hike has dropped to almost zero and there is a possibility of a 50bp reduction in interest rates in July.
👉 The US Dollar Index fell 1% while the 10-year US Treasury yield hit a low more than a month after the data is boosting the appeal of bullion.
👉 After CPI, investors will also monitor US producer price index data. Last week, Fed Chairman Jerome Powell commented that the central bank is not sure that interest rates are high enough to contain inflation. Although considered a traditional inflation hedge, higher interest rates increase the opportunity cost of holding bullion.
👉 TECHNICAL COMMENTARY: Gold has broken the downtrend and shown a strong upward momentum. Today I will prioritize Buy orders and wait for news tonight
📌Trading plan:
🔽 Sell Gold Entry: 1978 -1980
SL 1983
TP 1970
🔼 Buy Gold Entry: 1952 - 1955
Sl 1950
TP 1965 -1977 -1988
Going long gold first to make a profit, and then short goldIt is now 10:00 in the morning, I have announced my current trading plan in the channel, and I have executed the transaction according to my own trading plan and logic, so the next thing we have to do is to wait patiently for profits. I believe this deal can bring us a relatively substantial profit.
Gold is currently oscillating within a narrow range in the 1936-1940 area, but relatively speaking, the downward momentum has slowed down, and the bullish momentum has gradually begun to appear. So according to the current situation, I no longer advocate chasing short gold in the area near 1930. On the contrary, I think gold may rebound again at any time with the support of 1930, so we can currently try to go long gold in the 1936-1934 area.Wait patiently for gold to rebound before considering backhand shorting gold. The current short-term resistance of gold is around 1945.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Today (November 7th), gold prices in the world market suddenly cGlobal gold prices fell this morning, with the spot gold price down $13.5 to $1,977.5 per ounce. Gold futures were trading at $1,988.6 per ounce, down $10.6 from yesterday morning's gold price.
In the first session of the week, safe-haven metals came under pressure as risk appetite increased among investors and traders. Experts say weak demand for safe-haven assets and interest rate expectations are holding gold back. Since the conflict between Israel and Hamas broke out, gold has risen 7% on safe-haven buying. However, Kitco Metals senior analyst Jim Wyckoff said risk appetite has improved and there are no major surprise developments related to the Israel-Hamas conflict, making it a safe haven for investors. It's becoming more and more attractive.
Additionally, Ricardo Evangelista, senior analyst at ActiTrades, said investors' risk appetite has improved following last week's Federal Reserve Chairman Jerome Powell's speech and the statistics. Weaker-than-expected U.S. employment growth has raised hopes that the Fed will end the current rate hike cycle.
Heraeus Metals experts said in a recent note that for gold to sustainably rise above $2,000 an ounce, interest rate cuts are imminent and investors return to stock market trading due to the Fed's threat. He said a clearer signal was needed.
XAUUSD WAR BUY ANALSYSIS 15.10.23 Reason For XAUUSD Bullish
1. Breakedout the Strong Trendline of 1920 and now readt For Retest
2. Decending Broadening Wedge Pattern Continued and make the swing High as Traget 2074
3. Bulllish Flag Pattern Makes the futher Buy Movement with swing Low as sl 1880 and to 1980
4. Due to Isreal Palestine Issue the GOLD expected Emerge Movement
Overall Possible Outcomes
XAUUSD BUY @ 1915-20
SL 1880
TP1 1960
TP2 1990
WAR TP 2074