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Xauusdtrend

Go long gold at low levels and continue to make profitsIt 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 trading near the 1945 position. Looking at today's gold trend pattern, as long as gold holds the 1942 position, this round of rebound is not over yet, and gold is likely to continue to rebound. So for today's gold trading, I still prefer to do long gold at low levels. In addition, CPI data will be released today, which may intensify short-term fluctuations in gold. But it is also a very good trading opportunity. 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!
OANDA:XAUUSDLong
by Super_Antonio
XAUUSD- Intraday trading strategy before CPI news on November 14Gold prices today (November 14) in the world rebounded right before the US announced the October consumer price index today. The falling USD has supported the increase in gold prices. World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, decreased by 0.19% to 105,660 points at 6:30 a.m. this morning (Hanoi time). The USD fell before the US announced the consumer price index (CPI) for October today, October 14. It is forecast that the CPI in the US will increase by 3.7% over the same period last year, equal to the increase in September. Previously, the US released the October employment report with non-farm payrolls only creating 150,000 jobs, much lower than the 180,000 jobs forecast and far ahead of the 297,000 jobs created in September. The unemployment rate also increased from 3.8% in August to 3.9% in October. Experts say that poor employment data in the US and a stable CPI may help the US Federal Reserve (Fed) not be able to increase interest rates as previously forecast to ensure market stability. job school. Gold is still in the bearish channel, so choose a suitable entry to enter the order while waiting for news
OANDA:XAUUSDLong
by FalCol_TradingMaster
Continuing the downward price channel, how far will Gold fall?World gold prices this morning tended to increase with spot gold increasing by 1.2 USD compared to last week's closing level to 1,939 USD/ounce. Last week, the gold market witnessed its second consecutive week of decline due to weak safe-haven demand while US Federal Reserve Chairman Jerome Powell took a hawkish stance on monetary policy. According to City Index market analyst Fawad Razaqzada, Mr. Powell's hawkish stance was the main reason why gold prices weakened last week. In addition, investors' risk appetite has improved in the past few weeks as the Israel-Hamas conflict has not made much progress, also reducing demand in the gold market. Gold bars have lost about 70 USD since reaching over 2,000 USD/ounce thanks to safe-haven demand due to escalating tensions in the Middle East. Fed officials, including Mr. Powell, say they are still unsure whether interest rates will be high enough to end the war on inflation, pushing up 10-year Treasury yields and the U.S. index. The Dollar Index rose, thereby making non-interest-bearing gold less attractive to investors.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold will continue to decline until 1945.Gold prices fell to their lowest in more than three weeks on Thursday, extending a recent losing streak after some Federal Reserve officials warned against betting on the central bank completing its interest rate hike. The yellow metal was in the red for the fourth day in a row as pressure continued from a rebound in the dollar and US Treasury yields. Demand for gold as a safe-haven asset also weighed on prices, with markets pricing in a significantly lower risk premium from the war between Israel and Hamas. As of 11:41 p.m. ET, spot gold was down 0.1% at $1,949.38 an ounce, and gold futures due in December were down 0.2% at $1,954.30 an ounce. It became. Both stocks are down more than 2% on a weekly basis this week. Many Fed officials warned this week that U.S. interest rates will remain high for a long time and that markets should be cautious about betting on rate cuts in the near future. Stable inflation and a resilient U.S. economy could also lead to further rate hikes this year. His comments partially offset recent views that the Fed's rate hike cycle is over and traders are returning to interest rate-sensitive assets such as the dollar and U.S. Treasuries. Ministry of Finance. Fed Chairman Jerome Powell gave some small hints about monetary policy in his speech on Wednesday, but it added to the uncertainty. But the president is scheduled to speak at a private event later Thursday. Although Mr. Powell's comments were seen as less hawkish in the market, Mr. Powell's own rhetoric that U.S. interest rates will remain high for a long time and that more effort is needed to bring down inflation was almost maintained. Such a scenario does not bode well for gold, as rising interest rates increase the opportunity cost of investing in less profitable bullion.
OANDA:XAUUSDShort
by AstronautPioneer
1
XAUUSD - Gold trading strategy, selling trend continuesWorld gold prices this morning continued to decline with spot gold down 19.3 USD to 1,949.4 USD/ounce. Gold futures last traded at 1,955.7 USD/ounce, down 17.8 USD compared to yesterday morning. The gold market witnessed its third consecutive decline as investors looked for new signals about the US Central Bank's interest rate stance. Daniel Ghali, commodity strategist at TD Securities, said that traders will start looking at economic data and potential actions from the US Central Bank and gold will react based on whatever data brings. According to this expert, it is difficult for gold to gain momentum if data does not show economic weakness. Recently, in their speech, a series of US Federal Reserve (Fed) officials kept a balanced view on the central bank's next decision, but noted that they will focus more on more on economic data and the impact of higher long-term bond yields. Gold is an asset that is very sensitive to rising US interest rates because they increase the opportunity cost of holding non-interest bearing assets like gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold trading strategy, rising againGold futures price delivered in December 2023 on the Comex New York floor decreased by 15.1 USD, equivalent to a decrease of 0.76% to 1,973.5 USD/ounce. Gold experienced an impressive October and a historic month for this market, closing at a record high with an increase of nearly 7%. However, according to analysts at the World Gold Council, this precious metal needs more motivation to create a sustainable push in the market. In our view, a sustained rise in gold prices will require continued political risks or the currency, bond yields and the US dollar peak or equity markets end their consolidation. risk of economic recession revived.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD - Gold is still in a downtrend, selling strategyAs gold retraces, attention turns to support zones around 1,953 to 1,947 and key moving averages, while investors watch for signs of recovery. Gold confirmed a breakdown from its small rising trend channel today as it fell through the lower trendline of the pattern and yesterday’s low of 1,977. Weakness was further confirmed on a drop below last Wednesday’s minor swing low of 1,970. Support for the day was seen at 1,957, leading to a bounce to test resistance around the 1,970 level. Given the characteristics of the breakdown it seems likely that a deeper retracement is in the works before gold is ready to resume its ascent. For the upside, given today’s price action it is looking like gold might continue to retrace or consolidate for the remainder of this week. We are already heading into mid-week and the retracement only got confirmed today with the rising channel breakdown. As it stands now, an advance above today’s high is short-term bullish with strength confirmed on a daily close above the high. And then further still above the two-day high of 1,993.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold continues to fall deeply, long-term sell entry, target 1955World gold prices decreased this morning with spot gold down 13.5 USD to 1,977.5 USD/ounce. Gold futures last traded at 1,988.6 USD/ounce, down 10.6 USD compared to yesterday morning's gold. During the first trading session of the week, safe-haven metals came under pressure as risk appetite among investors and traders increased. According to experts, weak safe-haven demand combined with interest rate expectations are factors holding back gold. Since the Israel-Hamas conflict broke out, safe-haven buying has helped gold gain 7%. However, according to Kitco Metals senior analyst Jim Wyckoff, risk appetite is improving and there are no major unexpected developments from the Israel-Hammas conflict that is gaining its safe-haven appeal for investors. of gold. Unusually high central bank buying may help explain why gold prices have remained resilient despite downward pressure from the strength of the dollar and rising bond yields so far this year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold is decreasing, should I buy or sell gold now?Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher this week. 64% of retail investors participating in online polls have the same opinion. Forecasting this week's gold price trend, Kitco News' weekly gold survey shows that analysts and retail investors are optimistic about gold for the week ending November 10. Experts expect the price to break out this week even though there is not much supporting information. Adam Button, currency strategist at Forexlive.com, said that Friday's weak nonfarm payrolls report is a sign that the US Federal Reserve's interest rate hike cycle is over. momentum and the fact that gold remains near $2,000 an ounce even as the safe-haven push is weakening.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Gold selling strategyGold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that gold prices are being hindered by the price level of 2,000 USD/ounce. If gold prices are consolidated in the near future, the precious metal price may soar to a new all-time high. Commodity analysts say that geopolitical factors are having a major impact on gold and that as concerns subside, the precious metal's safe-haven appeal will be reduced. According to Tastylive.com expert Christopher Vecchio, safe haven purchasing power thanks to the geopolitical crisis is being depleted. While geopolitical conflict can provide trading impetus for gold, it does not have a long-term effect.
TVC:GOLDLong
by FalCol_TradingMaster
Gold trading strategy at the beginning of the week November 6Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US Government bond yield at 6:40 a.m. this morning increased sharply by 0.79% to 4.593%/year. The Dollar-Index measuring the strength of the USD in a basket of 6 major currencies also increased 0.06% to 105,080 points at the same time. Along with the positive economic reports published in the US and Europe two weeks ago, it is forecast that retail sales in the US will increase sharply in the last two months of the year when a series of events such as Black Friday and Christmas are held. , welcoming the new year takes place. To welcome the above events, businesses will organize discounts and promotions to attract customers to shop. This will positively impact production and business activities, promoting economic growth. Experts say that the US economy will continue to recover strongly in the last months of the year, thereby putting pressure on gold prices. Meanwhile, the factor supporting gold is that geopolitical tensions in the Middle East are weakening as countries and United Nations organizations are finding ways to get relevant parties to implement a ceasefire in the Gaza Strip.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD: Accurately grasp the impact of data Today, gold did not fluctuate much before the data appeared. When the data became positive across the board, gold once rose to near 2003. We continuously shorted at this position and chose to close the position in 1996, finding that gold did not have a rebound trend, so we continued to sell in 1996, and finally closed all orders near 1988. Congratulations again to the friends who follow! If you are confused about trading, please join me, I believe you will have a great harvest!
FXOPEN:XAUUSDShort
by HectorBrown1
XAUUSD - Trading strategy before Nonfarm newsWorld gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning. World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for unemployment benefits for the first time increased more than expected. Specifically, the number of weekly applications for unemployment benefits increased to 217,000 in the week ending October 28, an increase of 5,000 applications compared to the previous week's adjusted level of 210,000. Economists forecast unemployment claims will stay around 210,000. According to experts, gold does not react much to weak employment data because the market is still paying attention to the recent policy decisions and stance of the US Federal Reserve (Fed). Carlo Alberto De Casa, market analyst at Kinesis Money, said that bullion prices need to more or less consolidate a bit before continuing to rise as the long-term view remains positive. As analysts expected, the Fed kept interest rates steady on Wednesday, as policymakers work to determine whether financial conditions are tight enough to keep inflation in check. . According to CME Group's FedWatch Tool, traders are currently assessing an 80% chance that the Fed will pause interest rate hikes in December.
OANDA:XAUUSDLong
by FalCol_TradingMaster
After a sharp decline, does Gold have a chance to recover?World gold ended October with the largest monthly increase since November 2022 thanks to safe-haven buying due to concerns surrounding the Israel-Hamas conflict. In the last trading session of the month, the gold market was quiet as investors showed caution ahead of the US Federal Reserve's (Fed) policy meeting taking place on Wednesday (US time). Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said the Fed would leave open the possibility of raising interest rates again in December. Looking back at gold's movements over the past month, spot gold hit its lowest level in 7 months at 1,809.50 USD/ounce on October 6, 1 day before the Israel-Hamas conflict broke out. However, safe-haven buying amid continuing tensions in the Middle East helped the precious metal rise 8% on the month. However, some say gold could lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level as the market once again returns to the Fed's monetary policy supporting USD strength. and bond yields.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Waiting for information from the Fed, gold declinedPrecious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields. Precious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields.
TVC:GOLDLong
by FalCol_TradingMaster
Gold trading strategy, opportunity to buyWorld gold prices are supported by the need for safe haven capital in the context of Israel expanding its military operations on the ground to attack the Hamas group. This could make conflict more widespread in the Middle East region The focus this week is on investors eyeing the Fed's two-day monetary policy meeting and the US monthly jobs report on Friday. They are also watching policy decisions from the Bank of England and the Bank of Japan this week. The Bank of Japan overnight left monetary policy unchanged but said it would “patiently continue to ease monetary easing” until the BOJ achieves inflation stabilizing at 2%. Fed Chairman Jerome Powell and his colleagues are expected to keep the door open to further policy tightening as strong consumer spending and tightening labor market conditions could cause consumer inflation to return. so difficult to control. Cleveland Fed President Loretta Mester said before November's monetary policy that higher bond yields were equivalent to a 25 basis point (bps) rate hike. The Fed could use higher Treasury rates as a substitute for further policy tightening. "If the Fed takes a "tough" stance on monetary policy, then we will see a somewhat negative reaction from gold. Although gold is considered a hedge against inflation, higher interest rates will reduce its appeal. instructions for this item,” Wyckoff said.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD- On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to 4.4% at the end of October. The surveyed confidence index of consumers and businesses in Europe in the industrial, service, consumer, retail and construction sectors continued to be maintained at 93.3% last month and newspaper backup. This survey assesses the spending potential of consumers and businesses in the European region. In Korea, industrial products increased sharply from minus 0.7% in August to 3% in September. Retail sales of Kimchi establishments also increased from minus 0.3% in August to 0, 2% in September. In Australia, retail revenue also increased from 0.3% in August to 0.9% in September. A sharp decline in the CPI will help central banks temporarily stop raising operating interest rates in the last months of this year. Along with that, when retail sales and consumer confidence are strengthened, it can be said that the economy has recovered well. Falling inflation also reduces pressure on the economy as fuel prices remain on the rise due to geopolitical tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Precious metals decreased but remained at high levelsGold remains an attractive market as bonds offer little protection while stocks continue to be sold. Fresh bullish bids in the gold market come as markets expect the US Federal Reserve (FED) to maintain restrained interest rates in 2024, analysts warn that demand lurks Value markets continue to be assured and will obscure possible risks from US monetary policy. In the same vein, commodity analysts at Société Générale also made note of the new focus on this rare metal in the context of a demonstrated market of $8.1 billion sliding into the gold market. On the other hand, some analysts believe that institutional investment demand for gold-backed exchange-traded products remains elusive, while hidden demand continues to be supported by offsetting status. for gold limit. Therefore, this has been noted as a trend that needs to change if the school wants to keep its recent gains.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAU/USD - Bullish BreakoutHello traders! Exciting developments in the XAU/USD chart! We've witnessed a decisive breach of the downtrend corridor, which signals not only the end of the previous bearish trend but also hints at the inception of a new bullish phase. Entry Zone: Our preferred buy-in range is between 1945 and 1968. This zone is predicated on the recent breakout point and the expected consolidation before the next bullish leg. Take Profit Targets: TP1: 2000 The first take profit target stands at the psychologically significant 2000 mark. This level has often acted as a magnet for price and a zone where traders might book some profits. TP2: 2014 Our second objective lies at 2014, based on prior resistances and potential supply zones. TP3: 2045 The most ambitious target, 2045, can be expected if the bullish momentum continues and sweeps through the previous levels. Stop Loss: 1934 To safeguard our position, we've designated 1934 as the stop loss. This level is comfortably below our entry zone and past the breakout point, ensuring protection against any false breakouts or sudden bearish reversals. In summation, the XAU/USD chart displays a promising setup for bulls. However, as we always emphasize, ensure to utilize sound risk management strategies and never invest more than you can afford to lose. Wishing you successful trades!
FOREXCOM:XAUUSDLong
by Frenzy_Trader
XAUUSD - Gold price increased again, what entry to sell now?World gold prices increased slightly this morning with spot gold increasing by 4.3 USD to 1,983.9 USD/ounce. Gold futures last traded at $1,997.40 an ounce, up $2.50 from the bright spot. World gold this morning was calm compared to yesterday's brilliance but has dropped much from the high level it had during the day when the newly released report showed the strong strength of the US economy. Specifically, the report showed that US GDP in the third quarter increased by 4.9% over the same period last year, higher than economists' expectations of 4.7% and therefore increased by 2.1% in the second quarter. This data favors those who support the possibility that the US Federal Data Bureau will continue to raise interest rates at future monetary policy meetings. Edward Moya, senior market analyst at OANDA, said the data “paints a picture of a very strong U.S. economy,” reinforcing the narrative that the Fed may need to raise interest rates more, which This is detrimental to gold. Even though the economic data was stronger than expected, Moya was surprised by the yellow metal's strength. “I'm surprised we haven't seen a big drop in gold prices. I think people realize that geopolitical risks are not going away anytime soon,” he said.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Short-term Gold trading, sell xauusdWorld gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session. Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants waiting for important economic data from the US to get more signals about the Bureau's policy direction. Federal Reserve (Fed). Bob Haberkorn, senior market strategist at RJO Futures, knows geopolitical concerns won't go away any time soon, which will continue to support gold. The gold index increased and the US 10-term treasury bond yields increased and gold became more bearish. Today's consultant's opinion has turned to the US third quarter GDP data to be released today, October 26, and the Personal Expenditure Price Index (PCE) to be released on Friday (October 27). . These data may influence the development of Fed interest rates. If the data slows, the Fed will have more reason to lower interest rates, which will greatly support gold and push its value above $2,000.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Continued to fall sharply as the USD soaredGold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April 2023, only a few US manufacturing purchasing managers have fallen below 50 points and have now returned to this level. In particular, in the European region, the PMI index in the manufacturing sector of major economies including the UK and Germany also increased. Specifically, the October product sector PMI in the UK reached 45.2 points, higher than the forecast of 44.7 points and September's level of 44.3 points. The PMI index of the manufacturing sector in Germany in October reached 40.7 points, higher than the 40 points of the newspaper project and 39.6 points in September. Although the PMI index of the UK and Germany has not reached the opening level. widely, but increased more than forecast and last month showed telling economic signals of a product recovery. After the PMI index increased, the USD skyrocketed. The Dollar-Index - measuring the strength of the USD in a basket of 6 home currencies, increased sharply by 0.7% compared to the previous session, to 106,270 points, at 6:22 a.m. this morning (Hanoi time).
OANDA:XAUUSDLong
by FalCol_TradingMaster