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Xauusdtrade

Gold prices increased as the USD fell slightly awaiting the Fed In addition to Wednesday's Fed minutes, the focus was also on speeches from a series of Fed officials this week, including Raphael Bostic and Michelle Bowman, both members of the Fed's interest rate-setting committee. bank. Higher US interest rates are bad for gold because they increase the opportunity cost of investing in the yellow metal. But with U.S. interest rates still expected to fall in 2024, prices for gold and other metals are likely to surge, Goldman Sachs (NYSE:GS) analysts said in a note this week. Other precious metal prices also rose on Wednesday. Platinum futures rose 0.3% to $913.10 an ounce, while silver futures rose 0.2% to $23.192 an ounce. Both metals are also facing losses through 2024
OANDA:XAUUSDLong
by NicoTradingMaster
FOMC factor determines the upcoming trend of Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Trading in the US resumed on Tuesday following the Presidents' Day holiday on Monday. The yield of the 10-year US Treasury bond decreased by four basis points to 4.256%, indicating a slight decline. Surprisingly, despite concerns about the US Federal Reserve (Fed), investors remain cautious as data from the Chicago Board of Trade (CBOT) predicts a smaller rate cut of 102 basis points in 2024, compared to the previous estimate of 180 bps in mid-January. However, the US dollar (USD) is currently stagnant due to the absence of economic data on the US agenda. Traders are eagerly awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting. ⭐️ Personal comments NOVA: Gold's recovery still shows the market's optimism in the precious metal at present. Gold price is close to the $2030 resistance zone and shows quite a large buying force. Today's FOMC meeting information will determine the upcoming short-term trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2025 TP3: $2032 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 TP2: $2020 TP3: $2010 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
OANDA:XAUUSDShort
by Nova-Scalper
11
XAUUSD TO 2045 AND THEN GO DOWN the price movement of FOREXCOM:XAUUSD requires a comprehensive understanding of various factors that influence the market. While it is challenging to predict future price movements with absolute certainty, we can analyze historical data and market trends to provide some insights. On a Monday, the price of XAUUSD may experience some volatility due to the market's reaction to the weekend news and events. However, it is important to note that the price range of 25-35 is relatively narrow for , and it is unlikely to stay within this range for an extended period. As for the upward movement, gold is often considered a safe-haven asset during times of economic uncertainty or market turbulence. If there are significant global events or economic indicators that trigger such conditions, it could lead to an increase in demand for gold, potentially driving the price of FOREXCOM:XAUUSD higher. However, predicting the exact price level of 2045 for XAUUSD is challenging without considering the timeframe. It is crucial to analyze the market conditions, technical indicators, and investor sentiment to determine the likelihood of the price reaching this level. Additionally, the mention of a support line suggests the use of technical analysis. Technical indicators such as trendlines, moving averages, and support/resistance levels can provide valuable insights into potential price movements. It is advisable to consult with a professional trader or utilize technical analysis tools to identify and confirm the support line. In conclusion, while it is difficult to provide a definitive answer regarding the price movement of XAUUSD , analyzing historical data, market trends, and technical indicators can help form a more informed perspective. It is essential to consider multiple factors and consult with experts before making any trading decisions.
FOREXCOM:XAUUSDLong
by YONEEEE
Clear bullish gold moves for this week incomingI have published my ideas for a bullish uptrend for XAUUSD this week 1. Chart shows a clear uptrend and certain support zones have been respected 2. Overall outlook looks bullish and this trade is in my eyeliner for this week 3. Three clear Tp's to work from and if we break TP3 I see a clear run to the 2080 area again 4. Will keep an eye on international scenarios & news to see if anything plans into our bias Good luck all and I hope the charts are kind to you this week
PEPPERSTONESB:XAUUSDLong
by GoonBoyCrypto
Xauusd trend analysis for next week I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices: Analyzing the H4 timeframe, I found: Important key levels for next week are: 2035-2039 (bold areas) 1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow) 2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019. There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis. Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
FX:XAUUSD
by i2vi2v
XAUUSD: Gold successfully breached the 2050 pressure level Gold today twice hit the 2050 pressure level, after the first shock failed to return to near 2035, we choose to be long gold in this position, and successfully reached the target position 2045, after Powell's speech, gold once broke through the 2050 pressure level, and is now consolidating near 2056, next week we can observe whether gold stands firm 2050, Wait for a pullback to near 2050 go long gold! If you have any questions about the transaction, you can contact me and I will help you!
FOREXCOM:XAUUSDLong
by HectorBrown1
2
XAUUSD:Waiting for the bear's counterattack After yesterday's decline, it was the most complete step back after this rise. It stopped falling at the bull trend line and then fluctuated. The current trend has not completely changed, but the overall shape is more conducive to the short attack. Now it depends on whether the bear will seize this opportunity to fight back. For now, resistance is concentrated at 2043-2047, while the trend line is at 2039-2036 (which will get higher and higher as time goes by). If the bulls want to continue its trend, it is better not to fall below this level. If it falls below, the pattern will be destroyed (I prefer that the bears will counterattack) In terms of trading, I will continue my short selling plan above 2040.
FOREXCOM:XAUUSDShort
by Allen_Ex
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!
FOREXCOM:XAUUSDShort
by Allen_Ex
GOLD → Some gains after rally above $2,015OANDA:XAUUSD finds itself trading into multi-month highs, looking to clear more topside space after climbing back over the $2,000 handle once more. Finding chart territory north of $2,000 has proven a challenge for Gold bidders after the XAU/USD dropped below the key level back in May, trading back into the year's lows near the $1,800 region. October saw the XAU/USD rally back into positive territory, and Gold is up over 11% from October's low of $1,810. Spot Gold saw fresh bidding after getting pulled down into the 200-day Simple Moving Average (SMA), and buyers will be looking for a fresh round of bids if the XAU/USD sinks back towards $1,950.
OANDA:XAUUSDLong
by tradingconmike