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Xauusdtrend

Continue to make money by shorting goldI mainly gave you a trading idea in the channel today. At present, we are still mainly shorting gold at high levels. I will inform you to short gold near the 2030 position, and then continue to add positions to short gold near the 2035 position, and set the TP to 2023. Very Obviously, gold has just fallen back again after rebounding near the 2033 position and happened to hit the TP2023 position. We made a profit of $7. It is a pity that the gold market did not give us the opportunity to add positions, but we are still satisfied with our profits. According to the current gold trend pattern, gold is still in the process of adjustment, and its local rebound has not been extended. Therefore, I still advocate shorting gold at a high level. The short-term resistance above is currently in the 2040-2042 area. However, the buying support below is still strong. As long as gold stays above 2020, gold may still rise again. Therefore, we must set a reasonable TP in the transaction to help us make timely profits and prevent profits from decreasing. 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:XAUUSDShort
by Super_Antonio
XAUUSD - Gold continues to fall deeply, the moves weaken goldWorld gold price continues to decrease by 15 USD/ounce, down to 2,020 USD/ounce. This is the third consecutive day of decline for the precious metal since reaching a record high at the beginning of the week The market waits for the US to release non-farm payroll data this weekend. The jobs report could affect the US interest rate outlook. Gold began to increase strongly when the market expected the US Federal Reserve (Fed) to cut interest rates as early as March. According to CME FedWatch Tool, markets forecast a 50% chance that the Fed will cut interest rates. rates in the first quarter of 2024. TD Securities experts said that market expectations for interest rate cuts may be premature and warned that gold's rally has exhausted itself.
OANDA:XAUUSD
by FalCol_TradingMaster
1
XAUUSD - Rising sharply then reversing with a shock declineGold price today dropped shockingly in the context of the USD Index increasing 0.37 points to 103.64 points. This causes the value of the USD to decline compared to many other strong currencies. The international gold market falls into a disadvantageous position. On the other hand, gold prices dropped today when US bond interest rates increased to 4.4%/year. This factor has motivated many people to put capital into bonds. Meaning that money flowing into precious metals is limited. Since then, speculators speculated that the price of gold might go down, so they sold it to make a profit. The world gold price today at 6:00 a.m. on December 5 dropped to 2,030 USD/ounce. Previously, at the beginning of December 4, the world gold price sometimes reached a record level of 2,147 USD/ounce. The main reason is that financial investors are afraid of risks, so they increased their need to shelter capital in gold when the US said missiles fired by Houthi rebels in Yemen attacked three commercial ships in the Red Sea. Gold prices fell more than 2% after hitting an all-time high as currency futures traders increased bets the US Federal Reserve (FED) would cut interest rates next year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD Longs from 2040.000 up towards 2080.000Effectively overpowering any attempts by sellers to intervene. Consequently, new all-time highs (ATHs) have been established, suggesting a continued upward trajectory for gold. Despite the possibility of a significant reversal due to reaching the ATH (a substantial liquidity point), the current presence of bullish candlesticks on the higher time frames indicates that a downturn is not imminent. Considering the prevailing bullish sentiment, my inclination is to adopt a buying bias, particularly around the nearby demand zone near 2040, which has caused a BOS to the upside. With this setup in place, I anticipate a swift pullback to that region, creating opportunities for engaging in pro-trend trades on the upward movement. Confluences for XAUUSD Longs are as follows: - Price has been impulsively bullish to the upside carrying lots of momentum. - Overall trend on the higher time frame and lower time frame both show a bullish trend. - ATH's has been taken so I can see a minor correction occurring to fill imbalance below and then mitigate my 8hr demand zone I have marked out. - Price has left a clean 8hr demand below that has caused a BOS to the upside. - Dollar is also currently bearish so I can expect gold to keep on rising. P.S. Given that a majority of individuals have now validated a comparable bullish inclination, I foresee the possibility of a price reversal at this point. The sweeping of significant liquidity, particularly at all-time highs (ATHs), could potentially mark the initiation of a short-term bearish trend. However, it is imperative to closely observe and await price movements to reveal its intentions, allowing us to determine our course of action.
OANDA:XAUUSDLong
by Hassan_fx
Easily make 25 pips profit from shorting goldToday I gave you a trading idea in the channel, shorting gold with short-term resistance of 2045 and strong resistance of 2050. I shorted gold near 2042, 2045 and 2049 respectively, and set the TP to 2037. Gold fell back after hitting near 2050, reaching its lowest level near 2034. Obviously, my expected profit target of 2037 was perfectly hit in the short gold trade. We easily made a profit of 25 points. According to the current gold trend pattern, there is strong buying support below gold, while strong resistance is formed near the 2050-2052 position above, so we can regard gold as a wide shock trend pattern. However, from the perspective of cost performance, the early highs were around 2067 and 2080. So according to the current situation, the space above gold is only 10-30 US dollars at most, while the space below is obviously larger, so we cannot be too aggressive in going long gold in the transaction,to prevent gold from falling back again after rising high, and then entering a correction market, the following will first focus on the 2030 position support, and secondly focus on the 2020 key position support. 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:XAUUSDShort
by Super_Antonio
Gold risks are increasing, you need to be careful World gold prices have not changed much and are still anchored at the highest level in nearly 7 months. Earlier in the day, the precious metal was priced at 2,043.1 USD/ounce. For the whole month of November, gold prices increased by about 2.7%. Yesterday, the US personal consumption expenditure (PCE) price index in November was announced with an increase of 3.5% over the same period last year, slower than the increase of 3.7% in October. This is the preferred inflation measure of the US Federal Reserve (Fed). The PCE index is the latest in a series of positive inflation data recorded in November, making traders even more confident that the Fed may be done raising interest rates and may even begin to raise interest rates. lower interest rates in 2024. Besides, the USD-Index has inched back above 103 points but still recorded the sharpest drop in November this year. This is the main reason driving gold prices up in recent days.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold prices continue to increase sharplyWorld gold prices stabilized with spot gold increasing by 2.2 USD to 2,042.7 USD/ounce. February gold futures last traded at 2,065.2 USD/ounce, up 5 USD compared to yesterday morning. The yellow metal was mildly volatile and had little reaction after the latest report showed the strength of the US economy in the third quarter. Specifically, according to the Bureau of Economic Analysis, US GDP in the third quarter increased by 5.2%, up from the estimate of 4.9%. Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high. Additionally, gold will still benefit from safe-haven demand due to concerns related to geopolitical tensions. Given those factors, SocGen analysts see a push above $2,000 as the start of a larger recovery that could keep gold prices at around $2,200 an ounce in 2024.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Keep up the winning streak in gold tradingHello everyone, I have some things to go out for these two days, so I haven't had time to update my trading ideas. But I still insist on trading every day and publish my trading ideas in the channel. In such extreme market conditions as gold, we still achieved relatively good returns. According to the current gold trend pattern, as long as gold remains above 2000, the energy of gold bulls will obviously be stronger. Therefore, in this market, we only need to follow the trend and trade to obtain relatively good returns. However, we must pay attention in trading. When we are long gold, we cannot aggressively chase gold at high levels to avoid the trend of gold rising and then falling back, to prevent funds from being trapped at high levels. Therefore, we need to find the right opportunity to go long gold at the right position, so that we can make profits more safely. 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 - Will gold continue to rise, strategy to buy GoldWorld gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning. World gold prices in the evening session of November 23 (Vietnam time) were stable during the Thanksgiving holiday. Analysts do not expect to see many price increases for the rest of the week as most traders are currently focused on this holiday and the "Black Friday" shopping festival. Entering the holiday season, the gold market could not maintain a new increase above 2,000 USD/ounce as the market continued to monitor the minutes of the latest policy meeting from the US Federal Reserve (Fed). Although the central bank left interest rates unchanged in its latest meeting, the minutes showed the committee was maintaining a hawkish stance as it expected to keep interest rates restrained for the foreseeable future. Since late last week, gold has been strongly supported as expectations that the Fed has completed its interest rate hike cycle have been increasing after a series of published reports showing cooling inflation. Wednesday's hawkish Fed minutes and Wednesday's strong labor market data made investors hesitant to predict the Fed's next monetary policy move. Rising expectations that the Fed will keep interest rates “higher for longer” and a decline in the likelihood that it will begin cutting rates in the first half of 2024 have limited gold's gains. Despite this, some experts still maintain optimism that gold prices will eventually move higher as seasonal factors could play a larger role in price action and be positive for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Wait n See Gold PriceXAUUSD is still showing a bullish with conditions currently bullish correction. Market responded to the declining CPI and the FED's statement which tended to be half hawkish and dovish The results of the FED meeting minutes this week are also stale because base on data after the FOMC showed a weakening dollar and depressing the 10 Y Treasury. The psychological price of 2000 has also been touched and the price has remained in the $5 - $15 range for a while from that price. Will this price be successfully penetrated again? Let's see
FXOPEN:XAUUSDLong
by yongkypurnomo
1
XAUUSD - On Bank Holiday, gold tends sidewaysWorld gold prices this morning decreased slightly with spot gold down 8.1 USD to 1,989.6 USD/ounce. Gold futures last traded at 1,991.8 USD/ounce, down 9.8 USD compared to yesterday morning. The precious metals market in the trading session before the Thanksgiving holiday was under slight selling pressure when the latest report showed a surprise improvement in the US labor market. According to a report by the US Department of Labor, weekly applications for unemployment benefits decreased by 24,000 to 209,000 in the week ending November 18, down from the previous week's upwardly revised estimate of 233,000 applications. The latest labor market data was much better than expected as experts estimated 225,000 applications. 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, experts say that gold's decline has been limited by recent expectations that the US Federal Reserve (Fed) has ended its interest rate hike cycle. Lower interest rates typically boost gold prices because they reduce the opportunity cost of holding non-yielding assets. Previously, gold bars reached a 2-week high of 2,007.29 USD/ounce.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
XAUUSD - When the uptrend ends, Gold declines againGold price today (November 22), world gold increased sharply compared to the previous session's close, approaching the 2,000 USD/ounce mark. The US Federal Reserve (Fed) has released the minutes of its November monetary policy meeting, causing investors to buy gold when forecasting slow economic growth. The Fed also said that economic growth slowed in other business sectors, so the Fed expects economic growth in the fourth quarter to "slow markedly" as third quarter gross domestic product increased by 4.9%. The Fed believes that risks to overall economic growth may be tilted to the downside, while risks to inflation are tilted to the upside. Current interest rate policy is restrictive and is putting downward pressure on economic activity and inflation. However, inflation is still much higher than the target level, experts say it is likely that the Fed will maintain interest rates at the current level for a while until inflation clearly declines in a sustainable way. “The FOMC minutes were cautiously hawkish,” said BMO Capital Markets strategist. Low sales in both the retail and housing sectors show that people are tightening their spending. The Fed also stated that economic growth will slow down in the fourth quarter of 2023, which is the reason why investors fear increased risks and boost gold purchases.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
After easily earning 10 pips, we are still in profit nowToday I gave you two trading signals. The first was to short gold in the area near 1994, and then close the position near 1985, making a profit of nearly 10 points;The second is that after gold broke through 2000, we continued to short gold around 2004 and 2007. Although gold has not touched the 1995-1990 area, my expected profit target, gold has now fallen back to near the 2000 position. We still have a certain level of profit. profit. Gold currently remains above 2000, indicating that gold's bulls are currently strong, so the next short-term trading rhythm is to wait for gold to fall back before going long in gold. The current resistance above gold is near the 2010 position, which is why I short gold at the 2004 and 2007 positions when gold rises strongly. So the first thing we have to do now is to wait patiently for gold to fall back, and then look for the right opportunity to go long gold. I believe that in the following transactions, as long as we master the rhythm and position, we will obtain more considerable profits. 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 - Gold rebounded due to the Fund, is it possible to sell?On the night of November 20, today's spot gold price on the world market stood around 1,973 USD/ounce. Gold delivered in December on the Comex New York floor was at 1982 USD/ounce. The world gold price on the night of November 20 was about 8.2% higher (149 USD/ounce) compared to the beginning of 2023. World gold tends to continue last week's increase after inflation in the US cooled down. It is likely that the US Federal Reserve (Fed) will soon reverse monetary policy and reduce interest rates. This week, the Fed will release the minutes of its monetary policy meeting. Market signals show that the Fed will almost certainly keep interest rates unchanged at its December policy meeting and will likely maintain it at 5.25% - 5.5% until June next year. The USD on the world market decreased quite quickly. The DXY index - measuring the fluctuations of the greenback against a basket of 6 major currencies, dropped sharply from 104.1 points at the end of last week to 103.6 points at the beginning of the trading session on November 20 on the US market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAU/USD Long term Buys from 1945.000 up towards (2010.000)This is a long term move I am anticipating for the gold market, as the overall market is bullish on the higher time frame, this will be a pro trend trade that we can take up towards 2010 or even higher to make new ATH's (ALL TIME HIGHS.) To add, the internal structure is also very bullish now and we can be expecting an impulse move to the upside from these POIs marked out. Currently, I want to see a pull back of some sort back to the demand zones around 1945 where price is at a much cheaper rate. This will give us an ideal entry model if we see a Wyckoff accumulation play out in this area as well as a clean CHOCH to the upside. Not only that but this zone has also caused a CHOCH already and it lays between the 0.78 fib range. Confluences for Long term Gold Buys are as follows: - XAUUSD is overall bullish on the HTF structure and LTF structure. - Price has left a clean demand below that has caused a CHOCH to the upside and BOS. - Lots of liquidity to the upside int the form of a trend line, asian highs and FVGs - Price requires a pullback or a correction in order for price to continue going upwards. - The zone also is inside the 0.78 fibonacci range and the zone has caused an impulse move. - However, we are pending lower time frame confirmation as price is not near our POI as of yet. - To add to this the Sentiment analysis also shows the gold market being VERY BULLISH. P.S. I will be waiting for these zones for a buy unless price makes new demand zones then we will re evaluate our next move. Or we can wait for price to enter a new supply for us to sell back down towards these areas to then ultimately buy back up!
OANDA:XAUUSDLong
by Hassan_fx
1
The next step is mainly to short goldGold fell directly below 1970 during the European trading session, with its lowest position touching around 1965. As I said before, as long as gold remains above 1970, gold will likely organize a continued upward attack again. However, it is obvious that gold fell below the 1970 position and the rebound momentum has weakened, so we can determine that gold will return to the short trend. Then our next transaction is very simple. The main rhythm is to short gold on rallies. The first thing to pay attention to above is the resistance in the 1974-1976 area, and the second is to pay attention to the resistance near the 1980 position above. If gold falls again once it rebounds, the target position for gold is likely to be the 1960-1955 area. 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:XAUUSDShort
by Super_Antonio
1
Continue to achieve a stable weekly profit of 20KLet’s first review the overall trading situation this week. A total of 18 transactions were generated this week, two of which experienced small losses, and the other 16 transactions achieved varying degrees of income, with a total income of $18.3K.I am only 1.7K away from achieving a stable profit of $20K per week, which is overall a good result. According to the current gold trend pattern, gold finally held the 1980 line on Friday, indicating that short-term support still exists. If gold fails to effectively fall below the 1970 position, it may be difficult to continue the correction.Then the bullish energy may organize another round of attack at any time, supporting gold to hit the 1990 position again.However, the current short-term resistance of gold still remains near the 1990 position. If gold fails to effectively break through the 1990 position for a long time, gold may return to the short trend again. So at the beginning of next week, we will first focus on the three positions of 1970, 1980 and 1990. We can perform high-sell and low-slag operations on gold around these three positions. I believe that we can still achieve a perfect victory in the trading next week. 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: Technical analysis and operational strategy Gold came under selling pressure on Wednesday as US retail sales fell at a slower pace than expected in October. The reason for the pullback in spot gold after hitting a weekly high of 1975, failing to hold above $1970, is mainly due to the rebound in the US dollar and the rebound in US Treasury yields. Spot gold fell on Wednesday, retreating from a high of $1,973 to near $1,955. After the opening of this trading day, gold prices still continued to weaken, trading around $1966. On the 4-hour chart, gold remains above the 20-cycle SMA, suggesting upside potential. Technical indicators, however, give mixed signals. The Relative Strength Index (RSI) is trending down, momentum indicators are flattening, and MACD indicators show limited potential. A break below $1,955 would leave gold vulnerable in the short term. If it breaks through $1970 / oz, gold will test the key resistance level of $1975 / oz. In the short term, the operation tends to be in the 1955-1975 interval, waiting for the break of the weekly line interval tomorrow, and then make arrangements! Spot gold operation recommendations: Strategy one: Callback 1956-1958 near multiple single entry, stop loss of 6 dollars, the target 1970-1972 line; Strategy two: Rebound 1972-1970 near the short entry, stop loss of $6, the target 1958-1956 line. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDShort
by HectorBrown1
1
DXY keeps falling on recent news, Gold continues to riseWorld gold prices rose as the code hit a 2-week high as expectations that the Fed would cut interest rates in the spring increased. World gold prices increased sharply this morning with spot gold increasing by 21.6 USD to 1,980.8 USD/ounce. Gold futures last traded at 1,987.3 USD/ounce, up 23 USD compared to yesterday morning. Gold prices soared to a 2-week high as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its cycle of raising interest rates and will carry out interest rate cuts next spring increasingly. Ole Hansen, commodity strategist at Saxo Bank, said that gold will maintain its recent strong gains as long as prices hold above $1,930 an ounce. He said the prospect of lower interest rates and demand from central banks will be strong enough support factors for gold to withstand any short-term strength from economic data. Data on Wednesday showed US producer prices fell the most in 3.5 years in October, the latest sign that inflation pressures are easing, while retail sales fell for the first time. after 7 months. Previously on Tuesday, data showed that US pepper prices were unchanged compared to the level recorded in October.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD: SellInitial jobless claims are about to be announced. From a technical perspective, the trend of gold today is biased towards the short side, but there is uncertainty in the data. If it is negative for gold, then it will follow the trend and have a sharp decline, and it is expected to fall below 1950. If the data is bullish for gold, there is a high probability that it will fall back after rising, so today we focus on short trading. If you don’t want to take risks, you can wait until the data is released before trading. Those who like risk-taking can trade short positions in advance to control risks. Good day and good luck!
FOREXCOM:XAUUSDShort
by Roey_
XAUUSD - After the PPI news, will gold fall?Continuing to accelerate from the previous session, the DXY index (the movement of the greenback compared to the balance of 6 major currencies) decreased sharply from 104.8 points to 104.1 points in the first trading session on the market. The USD fell after US inflation was unexpectedly lower than forecast, reinforcing confidence that the US Federal Reserve (Fed) will not raise interest rates. Specifically, US generation in October did not change compared to the previous month. The consumer price index (CPI) increased by 3.2% compared to 2022 and remained unchanged compared to September. Previously, economists consulting the Dow Jones survey predicted that this month's CPI would increase by 0.1 % compared to September. This information gives hope that prices are easing pressure on the US economy. Investors believe interest rates have gained value. Life on US Treasury bonds has also fallen sharply. Yields on 10-year notes fell to just over 4.4%, thus rebounding above 5% at the end of October. Gold prices increased while countries still strongly imported gold and increased their reserves of this precious metal.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD - Soared when the USD suddenly plummetedThe world's gold price today (November 15) soared when the US announced that the October consumer price index fell lower than forecast. The sudden drop in the USD helped investors return to buying gold when deposit and transaction costs decreased. World gold prices continued to skyrocket this morning due to the USD suddenly plummeting. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - dropped sharply by 1.49% to 104,060 points at 6:20 a.m. this morning (Hanoi time). The USD fell sharply after the US announced the consumer price index (CPI) for October was lower than expected. Specifically, the CPI in the US in October increased by 3.2% over the same period last year, a sharper decrease than September's increase of 3.7% and lower than the forecast of 3.3%. This is the lowest level since March 2021. The core CPI index in October in the US increased by 4% over the same period last year, lower than the 4.1% increase in September and the previous forecast. Experts say that a decrease in the CPI consumer price index will help The US Federal Reserve (Fed) cannot raise interest rates further at its upcoming December meeting. Because the Fed's prediction that it will not raise interest rates any further has pushed the USD down, gold prices have benefited as a result. Because gold transaction and custody costs will decrease. However, experts also warn investors to be cautious, because inflation has decreased but is still far from the target level of 2%. Previously, the Fed Chairman gave the message that the Fed will do everything to reduce inflation to the target level. Therefore, gold prices may still be under pressure if the Fed raises interest rates one more time.
OANDA:XAUUSD
by FalCol_TradingMaster
XAUUSD - PPI today news trading strategyYesterday, the market received information about US inflation data, which more or less affected gold prices. Specifically, the US consumer price index remained unchanged in October and core inflation showed signs of slowing down. CPI increased by 3.2% compared to the same period last year. This level in September was 3.7%. Accordingly, after the inflation report was published, the market predicted a 100% possibility that the US Central Bank would keep interest rates unchanged in December compared to 86% before the inflation report. Weaker-than-expected US consumer inflation data caused the USD and Treasury bond yields to fall, thereby helping gold prices recover. Experts say that CPI data was significantly weaker than expected, which is quite supportive for precious metals. But at the same time, he believes that gold may drop another 4% back to 1,900 USD/ounce in the near future when it no longer benefits from the safe haven channel, due to concerns related to the Israel-Hamas conflict. This expert predicts that the average price in 2024 will be 1,883 USD/ounce and increase to an average of 1,918 USD/ounce in 2025.
OANDA:XAUUSDLong
by FalCol_TradingMaster