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Gold Expected To Rise Due To Lower Inflation NumbersHere is why we think gold prices will go up (FUNDAMENTAL ANALYSIS) Lower Core Inflation Numbers and Potential Fed Rate Cuts: The recent core inflation report came in weaker than expected, signaling a sluggish economy in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider cutting interest rates to stimulate economic growth. Impact of Weak Core Prices: Weak core prices provide the Federal Reserve with greater rationale to implement interest rate cuts. Lower interest rates typically weaken the dollar as they make dollar-denominated assets less attractive relative to other currencies. Consequently, a weakened dollar often leads to upward pressure on gold prices. Potential Fed Policy Response: In response to concerns over weak core prices, the Federal Reserve may contemplate lowering interest rates to stimulate economic activity. By reducing borrowing costs, lower interest rates can encourage consumer spending and investment, thereby bolstering economic growth. However, this policy action tends to weaken the dollar, which can benefit gold prices. Gold as a Safe-Haven Asset: Gold is often viewed as a safe haven asset during times of economic uncertainty and inflation. The prospect of interest rate cuts by the Federal Reserve can further enhance gold's appeal, as lower interest rates typically diminish the opportunity cost of holding non-yielding assets like gold and signal a upcoming recession. Here is what to watch out for that might stop it from going up: Market Response and Federal Reserve Policy Decisions: Market participants should closely monitor any signals or announcements from the Federal Reserve regarding interest rate decisions, as they can significantly influence investor sentiment and, consequently, gold prices. For example if inflation rises, it becomes more likely for the Federal Reserve to not cut rates, well expect gold prices to plummet. Economic Indicators and Geopolitical Developments: It's important to stay attuned to key economic indicators, central bank policies, and geopolitical developments that could impact gold markets. Any shifts in these factors could alter the trajectory of gold prices. (TECHNICAL ANALYSIS) Trade setup explained: Take-Profit: is set at 2426 due to a strong area there ( see green line ) Stop-Loss: is set at 2338 which is right under 2344, 2344 has been showing stronger support. Conclusion: The prospect of interest rate cuts by the Federal Reserve, driven by concerns over weak core prices, has contributed to upward pressure on gold prices. As lower interest rates tend to weaken the dollar, gold becomes more attractive as a safe-haven asset, thus supporting its price. However, market participants should remain vigilant and adapt their strategies in response to evolving economic conditions and policy decisions. Like always use proper risk-management. Greetings, Zila
FOREXCOM:XAUUSDLong
by ZILATRADES
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report, we said traders must be aware of the conditions they’re trading, and markets are moving at extreme levels, we said would be looking for that sudden turn in Gold that may catch traders out. We gave the initial resistance level on the open of 2330-35 where we anticipated the first move down into support, this gave traders an opportunity but it was short lived and only netted us 100pips. The move however, was pinpoint, into support and then the bounce giving the long trade back up level to level. We said a break of that support level is what will be needed for Gold to go down further, otherwise, the reaction from those levels could give the bounce, which is what we got into the region we wanted 2350-55. During the week, upon breaking the resistance level, we continued with KOG’s bias of the week, looking for the higher levels 2365 and above that 2372, which we completed. Excalibur however had other plans and kept activating long and looking at the move we decided to continue with the move taking longs until Thursday’s close, where we suggested no more longs and gave the levels for the potential turn. The third level worked a treat, giving traders the opportunity to short the market for a huge move to the downside, which is where we closed for the week. An absolutely fantastic week in Camelot, completing targets not only on Gold, but the numerous other pairs we trade, giving a record breaking pip capture for us since we started sharing our work. So, what can we expect in the week ahead? Are we now bearish? That’s the question on everyone’s mind at the moment! Answer, simply, no, not yet! This is a correction, but most likely profit taking at the moment, we still need a complete swing turn here to then start looking for this to target the lower levels we wanted last week, which are sitting around the 2270-50 region. For that reason, we’ll initially want to see how the markets open before taking any positions, there is a chance we will see gaps on open that may again catch some traders out, especially those who entered late session Friday and didn’t protect their trades! We have the immediate resistance above sitting at the 2355-65 region, if held during the early part of the week, we feel there is an opportunity to short the market back down into the lower support regions, 2330-35 and below that 2310-2295. This is where we want to see the first RIP, and if we get it we feel the long is available into the higher regions where we will only follow Excalibur and hopefully get to carry and trades, if we get them. Please note, breaking above that higher resistance level of 2365-70 will give us the move to fill that wick and potentially take us into an even higher high, so please be careful if you’re in the wrong way, make sure you act accordingly and have a risk model in place. On the flip, continuing downside from the open, we suggest traders leave runners on any shorts from above, looking for the levels below 2310 and below that 2290-95 where we feel there may be RIPs, but only temporary, giving traders an opportunity to long the market level to level upside. If we get this move, we will be looking to add short trades and move with the market. One key thing to note here, if this is a bearish move here, we need more confirmation on it, as institutions don’t usually stop in one day, they tend to continue the move so breaking that lower level of 2290-95 is important. Don’t worry about capturing moves from tops and bottoms, it’s extremely difficult to do unless you have the right guidance and experience in identifying the key levels. The market will always give opportunities, take it at your stride, use the levels provided and make sure you have a risk model in place. More extreme conditions to come in the week’s ahead! KOG’s bias for the week: Bearish below 2365-70 with targets below 2310 and below that 2295 Bullish on break of 2375 with targets above 2425 and above that 2447 Keep an eye on the daily analysis as well as KOG's daily bias which as many traders have seen, work extremely well. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
GOLD decreased slightly after the session set a new recordWorld gold price decreased by 3.7 USD to 2,247.8 USD/ounce. After rising sharply to a new record high in the first trading session of April, thanks to expectations of US interest rate cuts and the appeal of gold as a safe-haven asset, metal prices This quarter has slightly adjusted this morning. Market watchers are currently expecting the FED to cut interest rates in May or June. However, many investors are still cautious about the pace of interest rate cuts by the US Federal Reserve (FED) in the coming months. this year and how long it will take for the FED to bring inflation to its target level of 2%. On March 29, Fed Chairman Jerome Powell said that economic growth is still strong and inflation is still higher than the target level. By June, the gold market will see gold prices increase due to expectations of interest rate cuts by the FED. Experts believe that, no matter how quickly or slowly the US Central Bank cuts interest rates, the agency will still reduce interest rates this year. Breakout: 2265 - 2230 Resistance: 2257 - 2175 - 2280 Support: 2245 - 2235 - 2222 - 2212
OANDA:XAUUSD
by Xayah_trading
Short gold in the 2263-2265 areaDear friends, gold has repeatedly broken new highs, reaching the highest level of 2265. Gold is still continuing its strong unilateral rise, but as far as current trading is concerned, I do not advocate continuing to chase gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators. So I have clearly informed everyone that we can try to short gold in the 2263-2265 area in small batches (the details of the trading signals are in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we would still be long gold following the current uptrend. In this way we can grasp the profits of both long and short parties, I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDLong
by Trader_Manuel
Short gold directly and go long gold after hitting the TPDear friends, gold is currently in a volatile market. I think the volatile market situation is a very good opportunity for us to make money. Gold is currently hitting the 2195 area again. However, the upper pressure is also very obvious. Gold touched the 2200 position many times and then fell back and closed the long upper shadow line. Therefore, gold is also facing strong resistance in the 2195-2200 area during its rise. Therefore, in terms of trading, we can short gold around the 2195 position area, with the target at 2178-2176; at the same time, when gold touches the 2176 target area, we can consider backhand long gold. There are many options for trading now, so you can still make a lot of profits from it. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
1
XAUUSD:Sellers take control after strong economic data in the USGold regained momentum and climbed to its highest since early January above $2,060 before falling sharply on Friday. Comments from Federal Reserve (Fed) officials could influence precious metals pricing next week in the absence of much key economic data. Gold increased more than 0.5% on Monday, benefiting from escalating geopolitical tensions and falling US government bond interest rates from the beginning of the week. News of a drone attack on a US base near Jordan's border with Syria that killed three people and injured more than 20 soldiers has raised concerns about the growing crisis in the country. Middle East. On Wednesday, the Fed kept its policy rate unchanged at 5.25% - 5.5% as expected. In its policy announcement, the Fed completely ruled out the possibility of additional tightening and only talked about monitoring more data to evaluate the next move. This has put the USD under downward pressure and helped XAU/USD move higher. However, in the following press conference, Fed Chairman Jerome Powell said that the bank would not consider cutting interest rates at the March meeting. After this comment, Wall Street's main indexes fell sharply. and help the USD regain its strength. Powell also said they could cut interest rates sooner if they see unexpected weakness in the labor market. After the Fed meeting, US government bond yields fell sharply in the US session on Thursday and pushed gold higher. The 10-year US government bond yield fell more than 2% to below 3.9% while XAU/USD increased above $2,060. The US Department of Labor said there were 224,000 initial applications for unemployment benefits, higher than market expectations of 212,000. In addition, ISM's Manufacturing PMI index improved from 47.1 to 49.1, with the Employment index decreasing from 47.5 to 47.1. On Friday, Gold fell sharply and reversed most of the gains following the January jobs report. NFP data increased by 353,000, well above market expectations of 180,000. Additionally, annual wage inflation has increased to 4.5%. The 10-year US government bond yield later recovered to 4% and XAU/USD dropped below $2,030. ISM will release the January Services PMI report on Monday with an expected increase from 50.6 to 52.0 in December. The Employment Index fell sharply from 50.7 in November to 43.3 in December, indicating that the sector's payrolls The service sector is declining. This decline could pressure the dollar, while a recovery to 50 or above could boost the greenback. The economic calendar next week does not have many important events for Gold traders. Instead, traders will focus on statements from Fed officials. Although Powell has essentially ruled out a rate cut in March, the FedWatch Tool shows that markets are still pricing in a 20% probability of a bank pivot at the next meeting. The USD is likely to appreciate in case Fed officials continue to reject this expectation. On the other hand, XAU/USD could regain traction if policymakers leave open the possibility of cutting interest rates next month. However, that is unlikely to happen after the impressive jobs report.
OANDA:XAUUSD
by SantaTradeGold
Gold will also fall back to the 2040-2030 areaDear friends, today is Sunday, and tomorrow will usher in a new trading day. On Friday, gold took advantage of the influence of the geopolitical conflict situation and PPI data to rise to a maximum of around 2062, and even increased by a full $30 to around the market opening position of 2030. To be honest, this wave of gains was unexpected to me, and I did not expect such a big increase. Although gold has risen, it does not mean that we can chase long gold. We can see from the 4-hour chart that after gold surged higher, it closed a long upper shadow line.This proves that this rise is to wipe out a batch of short positions first, and the short-term top faces resistance in the 2064-2066 area. It closed below 2050 on Friday, proving that the overall trend is still in a downward trend. So I think gold will fall back to the 2040-2030 area. So in short-term trading, I think we should continue to short gold at high levels. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
OANDA:XAUUSDShort
by Dre_Manuel
XAUUSD : US inflation report will boost market trendWhile the US central bank turned more cautious at its December meeting, markets ignored this and overpriced a cut for a still resilient economy. strengthening and inflation remains high. To better understand the Fed's next moves, traders should keep an eye on the US economic calendar this week, paying particular attention to the December CPI report on Thursday morning. Although core inflation is expected to have cooled last month, headline inflation is seen recovering, rising from 3.1% to 3.2%, which is not good for policymakers and certainly will negatively impact market psychology. For gold prices to regain upward momentum in the near future, the latest US CPI data needs to show signs that prices are gradually stabilizing. Otherwise, the Fed may continue to delay its interest rate reduction cycle. In the event of an unexpected increase in inflation reports, the market may raise the valuation of interest rate increases, causing government bond yields to skyrocket. Gold could experience stronger downward corrections in the coming days and weeks. Gold continued to decline on Tuesday after slipping below the key support zone at $2,050 - $2,045 last week. Sustaining prices below this zone could reinforce bearish pressure, pushing gold to its 50-day SMA near $2,010, then to $1,990. On the other hand, if the buyers return, resistance will appear at $2,045-$2,050. A break above this level could push the price to $2,085, and then to its highest peak on record.
OANDA:XAUUSDShort
by SantaTradeGold
XAUUSD : How will gold fluctuate in 2024 ?Gold has had wild swings in 2023, rising about 15% from the beginning of the year to May, then falling 13% in October before rising nearly 19% to create a record high in early December. Currently, there are many factors that may affect and cause gold prices to continue to increase in Q1, 2024. Weakness of the USD Gold has an inverse relationship with US government bond yields as well as the US dollar. Therefore, when interest rates fall and the dollar weakens, precious metals often increase in price as the opportunity cost of holding gold decreases. Although the Fed has not yet ruled out another rate hike, the market has already decided that interest rates will fall next year. This is shown by the sharp decrease in government bond yields and the USD. Therefore, even in the absence of fresh bullish momentum, the USD downtrend should still keep XAU/USD supported. From a technical perspective, the outlook for gold's price increase is still quite complicated after gold increased sharply at the end of the year, making the current Risk-Reward ratio not too impressive. Therefore, gold is likely to correct slightly before continuing its current bullish structure, with the first level of support located around the $2,010 area, beyond that at the $1,956 threshold. On the upside, current resistance levels lie at $2,075 and if bullish momentum increases gold prices could return to the record high of $2,146.79.
CITYINDEX:XAUUSDShort
by SantaTradeGold
GOLD WEEKLY UPDATESPrevious Idea has 2 scenarios, price moves toward 40% retracement since the momentum from 1810$. Now price might consolidating to move higher or it will not react the 40% retracement. Where do you think price reacts? the golden 50 or institutional 78? My view base only on 40%. if price no reactions on that zone then we might see price goes lower than the monthly lows of 1810. This is not a financial advice. Follow for more. Trade at your own peril. Now my ideas has 2 scenarios so that you have your own opinions and trade at your own.
TVC:GOLDShort
by D1GITALTRADES
2
Gold opportunity On NFPGold is waiting for NFP to come as its consolidating under 1931 to 1820 level and we can see a potential to either side but possibly gold will fall to 1800 level that all buy orders will be settled under 1820 level and to run the market , market makers need the money and they will try hit SL of maximum traders under these levels so we will be seeing a potential downwards move that gold is not in any clear direction We will consider gold on bullish side when it will break above 1931 level and put our order other wise our confluance is all set for sell That the price is hovering under these levels the 2nd confluence is price is trading under 200EMA and no sign of revesal
OANDA:XAUUSDShort
by Wakeel_Saab