NFPGold price pares intraday losses, keeps the red amid modest USD strength ahead of NFP
Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Some follow-through USD buying exerts some pressure ahead of the crucial US NFP data.
From a technical perspective, weakness below the $2,265 area could expose the weekly swing low, around the $2,229-2,228 region, with the $2,250 level acting as an intermediate support. Some follow-through selling has the potential to drag the Gold price toward the $2,200 psychological mark, which is likely to act as a strong base. That said, a convincing breakdown through the said handle should pave the way for some meaningful corrective decline.
The popularly known Nonfarm Payrolls (NFP) report will be looked upon for fresh cues about the Fed's rate-cut path, which, in turn, will drive the USD demand and provide a fresh directional impetus to the non-yielding Gold price. In the meantime, persistent geopolitical tensions stemming from the Russia-Ukraine war and the risk of a further escalation of conflicts in the Middle East should act as a tailwind for the safe-haven XAU/USD. This should limit any meaningful corrective slide from the all-time peak.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now sell 2292
TP1 2285
TP2 2280
TP3 2270
TP4 2250
SL 2316
Goldchart
xauusd buy chartGold stays in a consolidation phase below $2,300 after reaching a new record-high above this level earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside.
Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and extends its steady intraday descent through the first half of the European session. Bulls opt to take some profits off the table amid overbought conditions on short-term charts and a positive risk tone, which tends to undermine the safe-haven precious metal. Any meaningful corrective decline, however, still seems elusive in the wake of persistent geopolitical tensions stemming from the protracted Russia-Ukraine war and conflicts in the Middle East.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now buy 2291
TP1 2295
TP2 2299
TP3 2304
TP4 2340
SL 2270
Gold buy confirm signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy now 2291
Target 2295
Target 2300
Target 2305
Target 2310
SL 2280
Xauusd confirm buy signal Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price (XAU/USD) pulls back after hitting a fresh record high earlier this Wednesday and remains on the defensive through the first half of the European session.
From a technical perspective, the Gold price has been scaling higher in uncharted territory, and the recent momentum seems strong enough to allow bulls to conquer the $2,300 mark. That said, the Relative Strength Index (RSI) on the daily chart is flashing extremely overbought conditions and warrants some caution. Hence, it will be prudent to wait for some near-term consolidation or a modest pullback before positioning for any further gains.
Gold now buy 2271
Target 2280
Target 2290
Target 2303
SL 2255
xauusd chartGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
confirm gold buy signal
gold now buy 2296
TP1 2305
TP2 2323
TP3 2335
SL 2275
Xauusd up Gold price turns red for the first time in six trading days ahead of US jobs data on Tuesday. US Dollar rebounds on pared June Fed rate cut bets after sold ISM Manufacturing PMI.
Should Gold buyers regain upbeat momentum, a retest of the all-time high at $2,266 will be in the offing, followed by the $2,270 round number.
The next on Gold buyers’ radars will be the $2,300 psychological level.
Gold now buy 2260
Target 2300
SL 2230
Xauusd sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast
Gold sell confirm signal
Gold now sell 2247
Target 2240
Target 2230
Target 2200
SL 2270
gold buy confirm Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a fresh record high touched this Monday.
Gold price (XAU/USD) enters a bullish consolidation phase during the early European session and oscillates in a narrow band around the $2,260$2,265 region, or a fresh record high touched this Monday. Investors now seem convinced that the Federal Reserve (Fed) will start cutting rates in June and the bets were reaffirmed by the US Personal Consumption Expenditures (PCE) Price Index on Friday. This, along with geopolitical risks stemming from the protracted Russia-Ukraine war and the recent conflicts in the Middle East, lend additional support to the safe-haven precious metal.
Meanwhile, data released on Sunday showed that China's manufacturing activity expanded for the first time in six months in March and boosted investors' confidence. This remains supportive of the prevalent risk-on environment and holds back bulls from placing fresh bets around the Gold price amid overstretched conditions on the daily chart. Apart from this, the emergence of some US Dollar (USD) buying contributes to capping gains for the commodity, though the aforementioned fundamental backdrop suggests that the path of least resistance for the XAU/USD remains to the upside.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now buy 2249
TP1 2255
TP2 2265
TP3 2280
SL 2230
Xauusd Chart Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
The short-term technical outlook for Gold price remains constructive with every dip seen as a good buying opportunity for traders.
Gold price has returned to the red near $2,170 early Wednesday, notwithstanding Tuesday’s uptick to the $2,200 level. The US Dollar consolidates the previous rebound even though the US Treasury bond yields struggle amidst souring market sentiment.
Xauusd confirm signal sell Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Retail trader data shows 50.43% of traders are net-long with the ratio of traders long to short at 1.02 to 1.Traders have remained net-long since Mar 01 when Gold traded near 2,082.75, the price has moved 4.24% higher since then. The number of traders net-long is 11.14% higher than yesterday and 7.51% higher than last week, while the number of traders net-short is 6.18% higher than yesterday and 16.42% lower than last week.
Gold now sell 2191
Target 2188
Target 2184
Target 2180
Target 2160
SL 2210
THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking for the support level of 2145-7 to be attempted and if held we felt that region would represent an opportunity to long the market using KOG’s daily bias levels and the levels on the chart. We said we would be looking for 2165-7 and in extension of the move into 2175 which were both completed. We then released the FOMC KOG Report, giving the level of 2180-5 as a RIP region, which gave us a good capture short, and then suggested that the break of 2175 could lead us into extreme levels 2210 which was highlighted. As you can see, the FOMC move tapped into the higher region and slightly higher, before a reaction in price with a huge rejection. We managed to trade the long into key levels, missed the all time high as it was overnight, and then captured a nice short as well. Tracked and traded up and down using our red box strategy, indicator and of course Excalibur.
A great week on not only Gold, but we hit our all time high targets on US30, NAS100 and DAX ending a phenomenal week in Camelot.
So, what can we expect in the week ahead?
It’s the last week of the month and Friday is the last day, so expect there to be some aggressive movement, whipsawing and choppy price action. We can already see profit taking from the highs, what we want to see if they are going to try and retest that high, or as institutions usually do, continue the move in the intended direction.
This week we’re sticking to a similar plan from last week, but hopefully without the extreme movement. We have the higher resistance level now at 2175-80 with extension of 2193-5, which was our bearish below bias level and as long as we stay below this level, if attempted, we will be looking to hold any short trades further down into the 2155, 2150 and below that 2147 regions initially. If the move down continues, we would expect a RIP around the 2135-40 region giving an opportunity to capture the scalps back up. The 2155-50 is the hurdle, if we can flip this level the move down will give us more confidence in lower pricing.
Please note – Breaking above 2175 and holding will flip us again, and we’re likely to go and test that high. It has to be traded day by day at the moment unless you’re holding trades from key levels above or below.
In summary:
Move up into resistance, as long as it holds we’ll look to take this down further into the levels given. Move down, we’ll level to level trade it, holding anything from above and look for bounces for the scalps long. It’s looking like we may see some gaps on opening, so please be careful.
KOG’s Bias for the week:
Bearish below 2175 with targets below 2145
Bullish on break of 2175 with targets above 2183 and above that 2195
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
Gold Sell Today Spot Gold remains confined to a tight intraday range on Wednesday, hovering around the $2,155 mark. The US Dollar advanced throughout the first half of the day but reversed gains with Wall Street’s opening as investors await the United States (US) Federal Reserve (Fed) monetary policy decision. The central bank is widely anticipated to keep rates on hold, with investors focusing on whether the dot pot or Summary of Economic Projections (SEP) will still suggest three rate cuts this year as it did in March.
THE KOG REPORT - The week ahead for GOLDTHE KOG REPORT
In last week’s KOG Report we said we would be looking for the price to retest the new highs created, and as long as the price wasn’t beaten, we would be looking to short the market back down into the 2165 levels and below that 2150. As you can see, we have another point to point move, with a low set in at 2150 for the week, giving the perfect short. We had planned the levels to go long in the KOG Report, and during the week we said we would stick with our plans to long the market from the level shown on the chart, which again gave us a tremendous pip capture into the resistance level.
A fantastic week on Gold, with Excalibur playing it’s part as well KOG’s levels and bias for the day and week completing. Not only on Gold, but the numerous other pairs we analyse, share and trade.
So, what can we expect in the week ahead?
This week is an important week on the markets with lots of news the later part of the week, mainly the big one on Wednesday being FOMC. We could see an aggressive start to the week with price again wanting for establish a baseline pre-event, so we’ll be looking for spikes in either direction until we settle. To start the week we have a support level below 2145-7 which if attacked and supported could give an opportunity to long the market back up towards the levels of 2165-7 which ideally what we want to see. Now, this price point is important, as an extension of the move can lead into the 2170-75 region, but we must stay below this level if bears want to again attack the lower levels again. So, for that reason, it’s this level that we will potentially want to see a short opportunity develop back down into the 2150 level and below that 2145. We'll access price action if we get to these levels.
For this week we’re giving the range of 2210 resistance and 2135 support, which is huge and price definitely has potential to play it. There is an order region 2172-2152 which is where we could see accumulation pre-event, so please be mindful of this and try not to get caught trading mid-range.
Please note, price breaking above that 2175 level and holding will result in that 2210 region being attempted and price breaking below 2145 will see us getting a deeper pullback into the 2110-15 region before another RIP in the making!
KOG’s bias for the week:
Bearish below 2175 with targets below 2150 and below that 2145
Bullish on break of 2175 with targets above 2195 and above that 2210
The market will always give you opportunities, either to get in, get out, or to manage your trades, so please make sure your money and risk management is up to scratch if you’re trading these markets.
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
Gold: pressure building ahead of Fed rate decision Gold volatility is slowing, and tension building as the Fed announcement gets closer.
Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable.
However, with gold being priced in US dollars, all eyes are on the Federal Reserve's interest rate decision scheduled for Wednesday.
While no rate cut is expected this month, traders will be looking for news on a June cut. The likelihood of a 25-basis-point rate cut in June has decreased by more than 20% recently, and now stands at about 50%.
Beyond the rate decision announcement, traders are particularly interested in the 'dot plot,' which shows individual FOMC members' interest rate forecasts. Should the central bankers maintain the 'dots' relatively unchanged, it could bode well for gold, especially considering the ongoing inflationary pressures indicated by recent CPI and PPI data have some analyst thinking that June is too soon for the Fed to be comfortable with a cut.
Gold continues to trade significantly above its 100- and 200-day moving averages. However, the 50-day moving average is possibly suggesting a limit to its short-term bullish momentum.
Meanwhile, the benchmark 10-year US Treasury bond yield remains stable above 4.3% in anticipation of the Federal Reserve event, preventing XAU/USD from gaining traction for now.
Gold Buy Confirm Target For Today 🔥Gold price (XAU/USD) lacks any firm intraday directional bias on Wednesday and seesaws between tepid gains/minor losses, below the $1,970 level through the first half of the European session on Wednesday. The precious metal, however, manages to hold its neck above a two-week low, around the $1,957-1,956 region touched on Tuesday. Traders now seem reluctant and are seeking more clarity on the Federal Reserve’s (Fed) rate-hike path before placing fresh directional bets.
A slew of influential FOMC members acknowledged the US economic resilience and struck a more hawkish tone this week. This, in turn, fuels uncertainty over the next policy move. Hence, Fed Chair Jerome Powell's speech later today and on Thursday will be scrutinized closely for fresh cues about the central bank's near-term policy outlook. This, in turn, will play a key role in influencing the non-yielding Gold price and help in determining the next leg of a directional move.
Gold Buy 1966
Tp 1972
Tp 1980
Tp 1990
SL 1955
XAUUSD: 03/10/2023: New Gold Analysis
As you can see, the price had a bullish reaction after touching the HTF order block.
Now if the price can stay above 1818 we can expect a bullish move for a short term and define 1840 as a target.
Personally, I will study the price for a short position, if the price reaches to Supply zone.
💡Wait for the update!
🗓03/10/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
XAUUSD - Asia Analysis Im expecting the 4hr candle to flip and make a move down to the next level as shown on the chart. This would mean sells below 1850.00 with a 4hr closure required. As always, im in bed through asian session and awake from 06.30 GMT to catch the pre london volume. Remember guys, its TIME AND PRICE that is the key to scalping these markets. Be at the charts when there is VOLUME!! .. Tommy
Gold starts 2023 with a new breakout. Welcome to 2023 traders. We hope everyone had a lovely holiday period.
On the first trading day of the year, gold buyers are setting the tone with a new breakout and setting up a new trend continuation.
Risk markets continue to trade mixed with some gains on stock futures while major risk currencies are trading lower to the USD and sharply lower to the Japanese Yen.
Today's video analysis, we look at gold's price action so far today, its pattern break, and we look above to potential key resistance levels we are looking at. Will we see buyers continue to push today’s breakout? Could we see 1876 resistance tested in the future?
Good trading, and happy 2023 to all.
XAUUSD 7/10/2022Gold currently facing resistance at 1715.02 & support at 1704.95 creating a ranging structure. Now if gold makes break & close below the structure, then it might continue to push down to the next support level at 1693.91.
Similarly, if gold closes above the structure with further bullish move, then it might continue to push up retesting the previous highs at 1727.63.
XAUUSD 5/10/2022Price currently facing short tf resistance at 1714.35 & support at 1703.60. now if price makes a break & close above the resistance, then it might continue pushing up to retest the previous high at 1727.63 or all the way up to retest the higher tf key zone at 1744.43.
And If price makes a breakout of the previous low or recent support at 1703.60, then it continue pushing down to retest the next support zone at 1693.69 or all the way down to retest the high tf key level at 1675.86.
XAUUSD 22/09/2022Price currently ranging in between 1680.51 as its resistance & 1656.16 as its support. now if price respects the support & closes above the resistance, then it could continue to push up to the next zones at 1692.36 or all the way to 1707.02 to make a retest on the newly forming downtrendline. And if price respects the resistance & closes below the support the it could continue pushing down creating new lower low on a HTF.