XAUUSD - Gold turns down, selling strategy todayThe radiant world gold price has decreased slightly with spot gold down 0.7 USD to 1,973 USD/ounce compared to yesterday morning. Gold futures last traded at $1,987.80 per ounce, down $6.60 from the previous week's trading session.
At the end of today's trading session, gold prices fell slightly, ending the impressive increase to nearly 2,000 USD in last week's session, when the conflict in the Middle East continued to escalate with no signs of cooling down.
Gold prices have risen about 9% in the past two weeks as investors seek to hedge against the risk of escalating tensions in the Hamas-Israel conflict.
Forex.com senior market strategist James Stanley also expects gold to decline. He explained, gold has increased too quickly in the past two weeks. So, a window may be triggered this week.
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XAUUSD - World gold shows no signs of cooling downThe radiant world gold price has now increased sharply with spot gold increasing by 25.8 USD, increasing to 1,972.7 USD/ounce. Gold futures last traded at $1,985.40 an ounce, up $17.10 from the bright spot.
The gold market continues to benefit as the Israel-Hamas conflict continues to intensify. In this bright trade, gold held on to gains despite Federal Reserve Chairman Jerome Powell reiterating that interest rates will have to be higher for longer. The head of the world's most powerful central bank also emphasized making a commitment to reduce the 2% target.
Although the Fed remains committed to achieving the emission target, experts say that, given instability, the key value will increase rapidly at 2,1000 USD/ounce. Since the conflict in the Middle East began, safe haven demand has helped gold rise to nearly $120.
Sean Lusk, co-head of commercial risk at Walsh Trading, said that seasonal factors such as wedding season, holiday season, and Valentine's Day are not relevant in the current environment. Now, macroeconomic data and geopolitical instability are the factors that dominate gold's short-term direction. The US picture also continues to deteriorate in some aspects, he said. The latest CPI and PPI reports from last week as well as retail sales numbers from Wednesday all show results are returning, Lusk explained.
XAUUSD - Gold reversed and strengthenedWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot.
Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time).
Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit.
De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce.
Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gol
GOLD - Gold long-term trading strategyThe radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot.
World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect their assets. Although gold decreased in the first trading session of the week, this precious metal is still at a price of 1,900 USD/ounce.
Gold, often used as a safe store of value in times of political and financial turmoil, rose 3.4% last Friday. This was the largest increase in seven months due to strong safe-haven demand and short-term liquidity.
In the long term, gold is still supported by many factors, including purchasing activities of central banks. According to Bart Melek, commodity strategist at TD Securities, strong and sustained gold buying activities by central banks have created a solid foundation for gold prices recently and will be the main driver of metal supply. quarter to a new all-time high in the new year.
XAUUSD -Gold tends to decrease slightly, should you buy or sell?Last night - early this morning, investors continued to run out of gold as this asset increased in price for 5 sessions last week, up more than 5%, despite the sharp decline in the USD and geopolitical tensions in the region. The Middle East has not cooled down yet.
The world's largest gold mining product SPDR version on October 17 still surprised with a net sale of up to 6.92 tons of gold. Since the beginning of October, this place has net sold up to 7 versions and only had 2 slight net buying versions. SPDR's buying level since the beginning of the month is only 1.8 tons of gold, while net selling is up to 20.19 tons of gold.
Introducing the end of the golden month, because the report will be stronger than expected in the US, creating forecasts in the market that the Fed will raise interest rates again at its meeting in late October and early November next and maintain best. slower than forecast.
Experts say that, as the USD remains at a 16-year high, the opportunity cost for gold trading increases. Meanwhile, the world's number one country in gold consumption, China, is still gloomy and will find it difficult to boost gold prices further.
XAUUSD - Precious metals level off after 'galloping'Last week, the gold market witnessed the most impressive breakthrough since early spring when the price of this precious metal increased by more than 60 USD/ounce thanks to strong safe-haven demand at both the beginning and end of the week.
Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase in price in the week ending October 20.
On the data front, this week was a relatively quiet week with little important data being announced. In addition, September US retail sales numbers will be announced on Tuesday, the market awaits Fed Chairman Jerome Powell's speech on Thursday.
In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's role as a safe haven will help fend off risks, which is even more beneficial for gold.
XAUUSD: Gold Sell, watch a wave of declineThe upward trend of gold has not changed, but there will inevitably be adjustments after a big rise, and now gold has risen and touched the pressure position of the 4-hour upper Bollinger Band. According to technical principles, this position can see a wave of correction! Unless the market is very strong and breaks through directly, but it has already risen sharply to nearly 20 US dollars during the day, it is estimated that the probability of a direct rise is low!
The U.S. market is bearish for a wave of adjustments at first, and then bullish after the resistance is reversed. The support below is 1875. After gaining support, it will be bullish again!
XAUUSD - Precious metals leveled off after soaringAfter many consecutive days of rising, the price of gold today, October 13, of the world has decreased as data broadcast in the US cooled, the USD and US interest bonds heated up.
Overnight, the US announced that the annual consumer price index (CPI) increased by 3.7%, higher than the forecast of 3.6%. However, the annual core CPI excluding real product and energy prices decreased from 4.3% to 4.1%, meeting market expectations.
At the same time, the US also announced the number of initial unemployment support applications of 209,000 applications, better than the forecast of 210,000 applications.
Analysts say that utilization in the US is decreasing and the improving job market will push the US Federal Reserve (FED) to raise interest rates in November 2023 and maintain high interest rates for a longer period of time. .
The value of the USD has skyrocketed after the above information. The 10-year US bond core increased by 4.65%, the 2-year bond increased by 5.07%.
Under pressure from the USD and US bonds, gold prices may decrease after being able to control 1,885 USD/ounce. So they took the opportunity to sell it and make a profit. As a result, today's world gold price decreased by 15 USD to 1,870 USD/ounce at 6:00 a.m. on October 13.
XAUUSD - Gold prices continue to rise with no signs of stoppingWorld gold prices increased this morning with spot gold increasing by 14.2 USD to 1,874 USD/ounce. December gold futures last traded at $1,873.80/ounce, up $13.50 from yesterday morning.
World gold continues to benefit from safe haven demand in the context of the Israel-Hamas conflict with no signs of ending. The precious metal has been strengthening modestly despite the September meeting compilation of the US Federal Reserve (Fed) showing that the central bank is committed to maintaining "higher" monetary policy market settings. " over the longer term " The Federal Open Market Committee (FOMC), the Fed's policy arm, continues to support interest rate increases until it is certain that growth will fall to the 2% target.
The gold market is proving solid after escaping its lowest level in 7 months last week. While the market remains risky, World Gold Council (WGC) analysts said last month's selling pressure could be a buying opportunity for advisors.
XAUUSD: Gold keeps reaching new highs, 1875 buys with the trendGold is still on an upward trend, and it continues to reach new highs! There are still data released in the US market, now it is still waiting for the pullback to continue buying!
With the strong upward trend of gold, do not go short against the trend, but continue to go long with the trend to the end! Gold has now broken through the suppression of the 4-hour Bollinger Band and the early rebound high, indicating that the bulls are very strong and will continue to reach new highs!
Long, the US market relies on the support of 1875 to continue to be long and bullish. Unless the market breaks through 1875, do not go short easily!
XAUUSD: Gold is poised for a second rise, directly long 1848Today, gold jumped short and opened higher and maintained a high level and traded sideways. It is obviously to accumulate energy for a second rise! At present, I have seized the opportunity of the callback and entered the market at 1848 to go long, and then wait for the rocket to launch!
The trend of gold has changed, which Nick already reminded last Friday, and prompted a long call of 1815, and finally successfully reached the target price of 1833!
The Palestinian-Israeli conflict accelerated the upward trend of the market, directly reaching the point in one step and establishing the start of the upward trend!
If there is a strong upward trend, don't expect a big correction. Instead, buy directly when there is a small correction. You can still cover your position when it falls back and continue to bullish new highs. The target position is the three lines in the picture. You can decide according to your own situation. Go adjust!
XAUUSD: Gold’s correction is another opportunity to buyGold has pulled back as scheduled, but it still stands firmly above yesterday's consolidation. That means the upward trend remains unchanged. The pullback is a buying opportunity. Buy directly at the current price of 1856 in the European market. It is bullish. Lay out the current price and refuse to be an afterthought!
The trend is rising and the market is in the right direction, so don’t be afraid of a long way to go! Think about yesterday's trend. Didn't it fluctuate for a day and then surge to a new high in the evening? The recent trends follow this pattern, with the Asian and European market adjusting and the US market rising!
Now the pullback gives us another opportunity to enter and buy again! Then follow the plan, enter the market directly by going long, and just continue to be bullish!
XAUUSD- Gold prices climbed high, oil and USD went downWorld gold prices this morning were stable with spot gold down 1.1 USD to 1859.8 USD/ounce. December gold futures last traded at 1,873.8 USD/ounce, up 9.5 USD compared to yesterday morning.
Although the Israel-Hamas conflict has not subsided, it continues to promote safe-haven buying activities in the gold market. However, that momentum failed to help the precious metal hold on to its previous gains due to the rise in bond yields.
Although gold is not shining, market analyst Fawad Razaqzada at City Index believes that this precious metal will still find strength in a risk environment. Besides, the fact that the USD did not find motivation after Friday's stronger-than-expected employment report has made many investors think about the possibility that the greenback has peaked and that is a good sign for the market. golden school.
This expert said that spot gold continued to hold above 1,857 USD/ounce on Tuesday afternoon (US time) and that was the first important short-term resistance level. While a slight pullback from this level is understandable, the reality is that support in the long-term area around $1,805 to $1,820 an ounce was in place last week, before the risks flared. political geography. This expert said that is a good sign for gold.
XAUUSD - Will gold recover this week?World gold prices this morning tend to increase with gold prices increasing by 2.5 USD, so the trading level is up to 1835.6 USD/ounce.
In trading late last week, the gold market demonstrated recovery momentum as the labor market breakout revealed some weakness despite last month's increase in jobs. The modest increase ended a long series of declines since the US Federal Reserve (Fed) kept interest rates unchanged at its policy meeting on September 20 and the US jobs report was recently released. sending gold prices right to a 7-month low.
Kitco News' latest ongoing gold price survey fails to find a clear picture of gold's direction this week as both market analysts and investors are evenly divided on the precious metal's outlook for week ending October 13.
Specifically, among the analysts who consulted the survey, 38% thought gold prices would be higher this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. Meanwhile, 43% of retail investors participating in online Main Street tours expect gold to rise this week, 42%11 predict lower prices, 15% see prices moving sideways in the near future. limit. limit.
The survey shows that retail investors expect gold prices to trade around $1,842/ounce this week, $30 lower than last week's expectations.
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Going long gold is profitable as expectedThe trading ideas I gave you today are still based on long gold at low levels, and I remind you to do long gold around the short-term support position today. The first support position we focus on is the 1846-1844 area.We were long gold around this area. Gold has now successfully touched my expected profit target position of 1854. Congratulations to all of us on our first victory of the week today.
Gold has been affected by the geopolitical situation. So far, gold has reached a high of around 1855. According to the current structural trend of gold, the upper suppression point of gold is around 1865, followed by the 1877-1875 area. Therefore, 1855 is definitely not the highest point of this round of gold rebound. I expect gold may hit around 1865 and maybe even hit the resistance area around 1875. Therefore, in the next short-term trading, we will mainly be long gold at low levels. In addition, CPI data will be released this week. This data will be the highlight of our gold trading. I believe that as long as we seize this opportunity, we will reap profits beyond expectations.
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!
XAUUSD: Next week's gold view
Late gold view: The lower support is this week's low near 1810, no matter when it can be long. The upper resistance is near the high point of 1849 this week, and once the market effectively breaks 1849, there will be a rebound, and it is estimated that it will rise to 1880. If 1849 is blocked, gold will double dip or fall back. The daily line dipped to 1810 on Friday, and peaked at around 1835 in the evening, still very much in line with expectations.
The daily line closed long under the shadow of the Yang line, the trend on Monday to rebound mainly. Daily support near 1820, touching can be long.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Gold’s decline has come to an end, 1815 lows are bullishAlthough the data for gold were negative yesterday, the market did not continue to reach a new low, which also proved what was said yesterday that the market will start to fluctuate and adjust! If the weak is no longer weak, it will turn strong. Gold is still bullish at low prices today. Go long at 1815!
It can be seen from the 4-hour trend of gold that it has been declining before, and the strength of the rebound is very small! Each rebound encounters resistance from the Bollinger Band mid-rail pressure for 4 hours and then begins to fall. However, the market has begun to change in the past three days. Although it is still subject to the suppression of Bollinger's middle track, it no longer breaks new lows!
When things go awry, there must be a demon. Today's strong decline can hardly continue to a new low, which means that the market is about to change! And today is the day when the big non-agricultural data is released. With the right time, right place and right people, the market can turn around at any time! The low-long position started in early trading, and the upper pressure continued to focus on 1833. If it breaks through, the rebound will be established!
GOLD - Precious metals are expected to continue to declineWorld gold prices are on an upward trend with gold transactions immediately increasing by 2.5 USD with a trading level of up to 1835.6 USD/ounce. Kitco News' latest ongoing gold price survey has 38% calling for higher gold prices this week; 38% predict prices will decrease; 24% have a neutral view on gold this week.
The USD on the world market spread and increased sharply in the international payment basket. The Dollar-Index - measuring the strength of the USD in a basket of 6 host currencies increased by 0.24% compared to the previous session, up 106,300 points
Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he believes that the precious metal must be at the bottom and it may be time to turn around.
Meanwhile, James Stanley, senior market strategist at Forex.com, said gold will likely maintain its recent range this week. Stanley doesn't think another recession will produce a bottom, although it could happen
Gold price increased again, short-term trend is difficultEven though the USD and US Government bond yields increased quite strongly this morning, investors still put their gold purchasing power to hedge against risks. Specifically, the Dollar-Index - which measures the strength of the USD in a basket of 6 currencies, increased by 0.24% compared to the previous session, to 106,300 points, at 6:13 a.m. this morning. (Hanoi time) None I).
Hard US Government bond yields remained around the 16-year high, increasing 0.28% to 4.795%/year at 6:15 a.m. this morning.
Experts say that the increase in gold prices despite two profitable assets, bond yields and the increase in the USD, is due to the increasing conflict in the Gaza Strip, which has so far shown no signs of cooling down.
According to experts, when geopolitical tensions escalate, it will create economic activity regardless of the regime. Because global commodity supply chains will more or less affect and disrupt supply. This will make economies that are still deeply hurt by the epidemic and geopolitical tensions in Russia - Ukraine, now continue to be hurt by tensions in the Gaza Strip.
However, experts also warn that investors should be careful when on October 12, the US will announce the September consumer price index (CPI). This is the number that determines whether or not the US Federal Reserve (Fed) will raise interest rates. If this index increases or is forecast, many Feds are still likely to raise interest rates once, putting pressure on gold.
Seize the opportunity to go long gold in the short termToday we are still long gold near 1815. Gold has rebounded to around 1820. Our current long gold position still has good profits.
For gold, although gold has not really started its upward trend yet, gold has been fluctuating in the 1820-1815 area recently, and gold is currently showing signs of bottoming. As gold bottoms out, gold will start a new round of rising prices at any time. And in terms of technical attributes alone, gold is currently in a technical oversold zone, and the chart shows a bottom divergence signal. After gold falls below the triangle shape, gold is likely to complete a bottom in a short period of time and start a rebound at any time.
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!
XAUUSD: Gold prices have stabilized, ready to buyThe decline of gold has now come to an end for the time being, and it will enter a short-term shock, within the 1815-45 area! Go long near the 1817 position to see a rebound. If you have not bought, you can buy directly at the current price of 1821. Pay attention to the pressure of 1833 at the top. After the breakthrough, it is bullish to the 1845 line!
Judging from the 4-hour chart, gold has always been suppressed by the Bollinger Band, and every time it touches it, it will break down again! But now that this position has not been broken for three consecutive days, and the decline has temporarily come to an end, then the next rebound in the trend will definitely touch the pressure of Bollinger's upper track!
Long, the US market is bullish at low support, and then short after encountering resistance and pressure above! The initial jobless claims data in the US market is released, and it is expected to rebound first and then fluctuate like yesterday!
XAUUSD: Waiting for rebound SellThe downward trend of gold has not changed, but it did not continue to make a new low yesterday, which also shows that there is a need for market adjustment! But the rebound is not strong enough, and it is still a short trend! So today, wait for the rebound before going short. You can rely on the pressure near 1830, the high point of yesterday's rebound, to continue to go short. If it is close to 1830, you can go short directly!
When the trend is down, every rebound is a short-selling opportunity! And even if the short position is not good, you can continue to add positions after the rebound. There is only one final result, continue to break new lows! The shock is for another better decline!
Today, relying on the high pressure of yesterday's rebound, we will continue to go short. We will first look at the shock adjustment during the day, and continue to look at new lows in the US market! The target support below is still 1800!