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Xauusdwave

XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway, we expect GOLD to go up to 2020 LEVEL. Before that, GOLD may go down to the 1900 LEVEL with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
Non-farm payrolls data is about to bearish the gold market!Today, the U.S. February quarter-adjusted non-farm payrolls data will be released. Everyone knows that this data will play a key role in the gold market, because the performance of non-farm payrolls will directly affect the fundamental sentiment, which will determine the direction of the gold market in a short period of time.Does the non-farm payrolls data to be released today benefit the gold market or suppress the gold market?Let us make a bold prediction. On Wednesday, the announced value of ADP employment in the United States in February was 242,000, the previous value was 119,000, and the forecast value was 200,000, while the actual announced value of 242,000 was much higher than the previous value and the forecast value. To a certain extent, it shows that the U.S. economy is strong and supports the dollar, thereby suppressing the gold market. On Tuesday, Fed Chairman Powell's hawkish speech suppressed the gold market. However, after Fed Chairman Powell mentioned on Wednesday that the rate of interest rate increases in March depends on the data, the number of initial jobless claims in the United States released on Thursday was 210,000, higher than the previous value of 190,000 and the forecast value of 195,000, reflecting that the tight job market in the United States has still not eased, causing the market's expectations of the Federal Reserve raising interest rates by 50 basis points in March to cool down, US bond yields fell sharply, and the dollar was dragged down, which benefited the gold market. And today's non-farm payrolls data show that the market expects the number of new jobs to be 205,000, compared with the previous value of 517,000. Judging from the ADP data guidance, the non-farm payrolls data show that the market expects the number of new jobs to be higher than the expected value of 205,000, and the number of initial jobless claims in February remained at a comparable level. Although the number of people applying for unemployment benefits at the beginning of the week was as high as 210,000, overall, the number of new jobs in the month will not have much impact, so I think the non-farm payrolls released today will be higher than the expectation of 205,000, thereby suppressing the gold market. It should also be noted that the position of SPDR, the world's largest gold ETF, decreased by 3.47 tons to 903.15 tons on Thursday, a new low since the end of January 2020, suggesting that institutional and professional investors are still inclined to bearish the gold market. It can also be seen from the trend of gold. Although gold has recorded a strong rise in the short term, the strong pressure above still exists. Therefore, the early rise of gold is most likely to be to prepare for non-farm payrolls data and reserve room for the decline of the gold market.Then everyone thinks that the non-farm payrolls data to be released today will benefit the gold market or suppress the gold market?Everyone is welcome to come and discuss. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDEducation
by Blessed_V
3
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway we expect that GOLD will go UP to 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
1
Attention turns to PMI data - Next targetGold price is making headway for another run higher on Friday, having stalled its recovery mode a day before. Gold price is set for the first weekly gain in five weeks, as the United States Dollar (USD) has paused its uptrend ahead of the high-impact United States Services PMI data. Gold price is back in the green on the final trading day, with the renewed upside likely due to a retreat in the US Dollar alongside the US Treasury bond yields across the curve. Investors weigh the prospects of more US Federal Reserve (Fed) rate hikes, in the face of increasing worries over a ‘soft-landing’ amidst a mixed slew of economic data releases from the United States. Hot inflation in the Eurozone and the US pushed global yields higher, sending the US Treasury yields to multi-month highs in tandem, which limited the upside in the Gold price. However, the benchmark 10-year US Treasury bond yields have pulled back from four-month highs, motivating Gold bulls once again. Attention now turns toward the US ISM Services PMI data for February due later in the North American session for a fresh take on the Fed expectations, especially after Atlanta Fed President Raphael Bostic said that "slow and steady is going to be the appropriate course of action," which took the wind out of the US Dollar rebound. The headline US Services PMI is seen easing to 54.5 vs. 55.2 previous. Meanwhile, the ISM Services Prices Paid (Feb) is likely to drop sharply to 64.5, compared to 67.8 reported previously. Support Level: 1,825.90 1,812.20 1,803.00 Resistance: 1,848.00 1,863.70 1,877.50 Recommendations for trading gold: Buy 1824 - 1826 Stop Loss: 1821 Take profit 1: 1835 Take profit 2:1840 Take profit 3: 1850 Sell 1848 -1849 Stop Loss: 1851 Take profit 1: 1835 Take profit 2:1830 Take profit 3: 1825 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
OANDA:XAUUSDShort
by DNAchampions
1
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway we expect that GOLD will go UP to 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful. But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week. Anyway we expect that GOLD will go UP to 1959 LEVEL. Before that, GOLD may go down to the 1785 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
#XAUUSDOur response is between two ranges of 100. We saw 127 Fibo projections of a downward movement. Currently, it is expected that in the form of a correction (ascension) from the downward trend to the range of 1888.23 overlapping with the ceiling of the channelized minor wave. If the above range is broken, we can expect growth up to the range of 1895.40 based on the pivot point time of 30 minutes. ((In general, sharp moves have 50% correction power)) If both targets are touched, the price movements should be re-examined.
FOREXCOM:XAUUSD
by maryammh