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Xauusdidea

💡 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
Gold turned up again, entry buy todayGold prices today jumped sharply after a number of major central banks decided or signaled their readiness to cut interest rates in the future. In Sweden, the country's central bank cut interest rates by 0.25 percentage points to 3.75%. The Bank of England (BoE) announced to keep interest rates unchanged at 5.25% and hinted at an upcoming interest rate cut when inflation falls below target. Gold prices today also have more upward momentum thanks to increased demand for safe haven capital. The cause stems from the deadlock in ceasefire negotiations between Israel and Hamas after Israel continued to attack Rafah, increasing the pressure of geopolitical risks. With the above picture, investors may expect the gold market to heat up. So they increase their purchasing power. Gold price today increased sharply by 42 USD, from 2,306 USD/ounce to 2,348 USD/ounce at 6:00 a.m. on May 10.
TVC:GOLDLong
by FalCol_TradingMaster
Today's trading trend, waiting to buyWater was at 2,353.1 USD/ounce, an increase of 30.8 USD compared to yesterday morning. The weakening of the USD has strongly supported the upward trend in the price of the yellow metal on May 9 (US time). Specifically, the US Dollar Index decreased by 0.32% to 105, increasing the appeal of gold to buyers holding other currencies. FXStreet editor Joaquin Monfort said that gold prices rose higher "after a number of major central banks decided to cut interest rates or signaled a willingness to cut interest rates more in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-interest-bearing asset, making it a more attractive investment. Specifically, in Sweden, for the first time since 2016, Riksbank has cut interest rates by 0.25% to 3.75%. In the UK, the Bank of England (BOE) announced to keep interest rates unchanged as many people predicted, but signaled that it will cut interest rates in the near future. The Swiss Central Bank, the Reserve Bank of Australia (RBA) and the European Central Bank have also made similar moves.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD Technical Analysis and Trade Idea Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H that might just flip the 4H trend bullish. In our video, we break down the trend, discuss price action, market structure, and we dive into some key technical analysis concepts. Included toward teh end of the video is a trade idea. Just remember, this info is for educational purposes only, it's not intended to be financial advice.
OANDA:XAUUSDLong
by fxtraderanthony
8
Short gold first, then long gold after the pullbackRecently, I have been emphasizing that gold bulls still have room to support the rise of gold. Today, under the influence of the positive initial unemployment claims data, gold rose sharply in the short term and broke through multiple important resistance areas, reaching a maximum of around 2339. According to the current structure, gold faces short-term resistance of 2338-2340, which is why gold does not break through the 2340 position in one fell swoop. Will gold still rise? Gold bulls are back in control and I think gold will continue to rise and at least try to hit the 2345-2350 area. However, before gold continues its rise, I think there may still be demand for gold to fall back in the short term. Because gold has risen sharply in the short term, the increase has been too large, and there is no solid support during the period. Therefore, in order for gold to rise better, it is necessary to step back in the short term. Therefore, there is a demand for gold to pull back in the short term, so in the short-term trading rhythm, we can first try to short gold, and after gold falls back, we can then backhand and go long gold! Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDLong
by alongwineer
1
Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts. The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress. However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery. Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024. This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year. Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed. The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
TVC:GOLDLong
by FalCol_TradingMaster
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning. World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders. According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged. In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer. Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
23 consecutive wins! Continue to be long gold in the short term!Due to delays this morning, I missed the opportunity to short gold. But fortunately, we also made a lot of profits in long gold transactions, which made up for the regret of missing the short gold profits. Today we added long gold positions near 2314 and 2307 respectively. During the rebound, gold hit the highest position near 2321. Even if we closed the position above the 2317 position in advance, we also made a good profit.I personally made $7.5K in profit on long trades. Congratulations to us for setting a new winning streak. We have achieved 23 consecutive wins in trading so far. According to the current short-term structure of gold, gold has not made breakthrough progress on both the long and short sides, and the overall structure of gold maintains a shock in the 2300-2325 area. Although there is currently a lot of talk in the market about gold falling to the 2290-2280 area, I also think that gold may fall to the 2290-2280 area, but the time has not come yet. Before falling to the 2290-2280 area, I think gold will at least rise and touch the 2325-2335 area before a significant decline is possible. Judging from the recent trend, although gold's performance is relatively weak, it is undeniable that gold has held the 2300 mark many times during its decline. It is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as possible. They are all gathering buying points, so gold has shown twists and turns during its decline. In addition, gold repeatedly built a bottom structure during the shock, gradually limiting the room for decline; and gold broke through the 2320 position during the rebound, further confirming the potential and space for gold to continue to rise, so gold may still continue to rise to the 2325-2335 area . Then in the following trading rhythm, I will look for more short-term long gold opportunities. I believe that in long gold trading, we will earn considerable profits!Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDLong
by alongwineer
Buy gold, it is expected to continue rising to the 2325-2335 areGold rebounded again after touching 2304 during its decline today. Gold still held the 2300 mark. Judging from the recent trend, gold has experienced twists and turns during its decline, and it is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as possible. They are all gathering buying points, so gold is not always smooth sailing during its decline. Gold is currently trading near the 2316 position. According to the current short-term structure, gold stopped falling near the 2304 position and rebounded. During the rebound, a long lower shadow line appeared near the 2313 position, pushing the gold price to near the 2319 position again. Obviously, as gold continues to consolidate its bottom during the rebound, there is still room for gold to continue to rebound. Although the current upward momentum of gold has stalled near the 2316 position, gold has built multiple bottom structures in the 2313-2315 area in the short term. Therefore, gold has every reason to continue its rise after oscillating in the 2313-2315 area. So in short-term trading, I currently prefer to go long gold. At the bottom, we first focus on the regional support at 2310, then at the 2305 regional support, and at the top, we first focus on the regional resistance at 2325-2330. Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDLong
by alongwineer
20 consecutive wins, continue to short gold after reboundToday, the overall gold market is in a volatile market. Gold fell and touched near 2310 multiple times before rebounding. It touched near 2323 again and then fell back again. Gold is currently trading near 2313. Today we successfully captured the profit from gold's rebound in trading. We went long gold in the 2314-2312 area and successfully hit TP: 2322. Continuing our 20-game winning streak in gold trading! Transaction results worthy of recognition! Gold is currently trading near the 2313 position, but I do not recommend going long on gold here. The safest trading strategy is to wait for gold to rebound and then short gold again. From the short-term structure point of view, gold rebounded many times and then fell back, but it did not effectively break through the 2330 position, which consumed the gold bull momentum to a certain extent; it also showed that there were many resistances above and it was still difficult for gold to rise. Moreover, the situation in the Middle East has worsened, but the reaction of gold seems to be small, and there has been no sharp rise, so we still have to be cautiously bullish on gold; gold fluctuated and fell back in the short term, and it did not have enough power to break through yesterday's new high during the rebound. This volatile downward trend is expected to be maintained in the short term. As gold falls back after rising high many times, we can appropriately move the short-term resistance area downward to the 2325-2320 area; while the strong resistance area above is still at the 2330-2335 area. So in the next trading, I will insist on shorting gold after the rebound.Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDShort
by alongwineer
💡 XAUUSD: What do you expect from Gold?World gold spot price stands around 2,325.7 USD/ounce, up 1.7 USD/ounce compared to yesterday's trading session. Gold futures price in June 2024 on the Comex New York floor is at 2,336.6 USD/ounce. At the beginning of the trading session on May 6 (US time), world gold prices increased sharply in the context of improved risk aversion among investors. Adrian Day - Chairman of Adrian Day Asset Management - forecasts that gold still has many factors to increase its price in the near future. Many major banks around the world say that the gold market has almost eliminated all pressure from the Fed's monetary policy and expect to see many new record prices set this year.
OANDA:XAUUSDLong
by Stone_Haven
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time. Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position. Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
TVC:GOLDLong
by FalCol_TradingMaster
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning. World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal. In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise. Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD:Go long first, then go short There is a high probability that the Asian session will rise tomorrow, so if you want to trade in the Asian session, you can go long on gold first. First look at the area around 2327-2332, where there is resistance, followed by 2336-2343. The probability of breaking through this position is not high. If you really want to break through, you must first test the support and confirm that it is effective before it can rise again. Therefore, the trading strategy is to go long first and then go short. If you have any questions, please leave me a message. Have a good day!
FOREXCOM:XAUUSDLong
by Allen_Ex
Are you worried about your gold long position?Gold fell back from around 2330 today and is currently oscillating within a narrow range around the 2312-2315 area. In fact, it is still quite difficult to trade gold today. It is relatively ideal to participate in shorting gold near the 2330 position, but we cannot aggressively chase short gold during the decline. Therefore, if we did not short gold near the 2330 position, then we could only wait and see.After all, gold still has the potential to attack the 2335 area. Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short. After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today. In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area. Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
OANDA:XAUUSDLong
by alongwineer
GOLD-analyze In terms of the geopolitical situation, an Israeli military spokesman said on May 6 that about 100,000 people were being evacuated from eastern Rafah. The Israeli military statement emphasized that the Israeli military will continue to attack Hamas in the Gaza Strip until all detained personnel are released. The geopolitical situation remains extremely unstable. No major data announcements today Looking at the trend, gold broke through the high point of non-farm payrolls yesterday, reaching a maximum of around 2232. Today we are still mainly buying. From a technical point of view, the daily line closed above the Bollinger lower track, and is temporarily suppressed below the Bollinger middle track of 2340. Therefore, it is too early to say that there will be a unilateral rise for the time being. We will wait for the daily middle track to break, and then look at the unilateral With great strength, look at 2350 above, or even higher. The same is true for the H4 cycle. Although this wave of rise is strong, Bollinger has not yet opened his mouth for the H4 cycle. Therefore, under the strong trend, long transactions still have to fall back more. The effective support below is near the moving average point of 2312. Therefore, the buying point is 2308 - Near 2010, aggressive traders can buy in 2012-2015 If it falls below 2303 today, I need to re-judge the trend of gold, so you need to set SL strictly and choose the appropriate trading point based on your own funds. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSDLong
by UnknownUnicorn71050047
GOLD-analyze Hamas on Sunday reiterated its demand for an end to the war in exchange for the release of hostages, while Israeli Prime Minister Netanyahu flatly rejected the demand. The prospect of a ceasefire in Gaza seems slim, and the future geopolitical situation remains the most unstable factor affecting financial markets. This week will be the least economic data release week of the year. Including Wednesday’s 10-year bond auction, Thursday’s Bank of England monetary policy decision and the U.S. Treasury’s 30-year bond auction, as well as Friday’s preliminary University of Michigan consumer confidence data, today we need to pay attention to the U.S. global supply chain in April Stress Index, Fed Barkin and Williams speak. After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline, so we still treat it as range fluctuations. From a technical point of view, the K-line is suppressed below the 5D and 10D moving averages. Therefore, overall, it is currently weak. However, it should be noted that the support point 2280, which was concentrated last week, has not broken. The non-agricultural data is good for gold. , but it rose first and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral trend. Therefore, for this week’s market, 2276-2280 is the key point for the strength and weakness of the trend. 2320 above is the resistance point of the moving average, and it is also the highest point of the rise after the release of non-agricultural data, so today we need to pay attention to whether 2320 can break through. If it breaks above, there is still room for growth, because we still treat it as range fluctuations in the short term, so we reach the resistance point. You can choose to sell, but use smaller lots Today we are mainly buying, so I have given important support points below. You can wait for the support points to buy. Aggressive traders can buy near 2300. You need to strictly set SL. The market changes quickly, so pay attention in real time. It is very important to modify the strategy according to the market conditions What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
World gold price todayWorld gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot. The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree in approximately a month as a these days launched file confirmed a weakening US process marketplace, which raised expectancies that americaA Federal Reserve (Fed) ) will reduce hobby fees this year. ActivTrades senior analyst Ricardo Evangelista stated that the quantity of jobs created final month became an awful lot much less than the network forecast, with slowing salary increase prompting the Fed to bear in mind economic cuts. coverage foreign money this year. According to the FedWatch tool, following the file, the marketplace elevated the chance that the Fed will make its terrific reduce in September to 71%. Evangelista stated that buyers will watch for the expressions of a few Fed officers this week to have extra hyperlinks at the economic coverage course of the Bank of America. This professional additionally stated that tensions withinside the Middle East can be a element helping gold this week.
TVC:GOLDShort
by MrTrongVo