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XAUUSD : Prices continue to weakenHello dear friends! Gold prices today continued to fall sharply with gold down 25 USD to 2,001SD/ounce but soon regained the level of 2010 USD at the time of writing. Accordingly, gold prices continued to plummet to a more than 1-month low in mid-week trading session as strong economic data strengthened the USD and Treasury bond yields and reduced market expectations about the US interest rate cut in March. Gold's close below $2,015/ounce signals that the sideways range has been broken and the precious metal is entering bearish territory, with it still expected to reach $2,000 again and possibly lower to $1,990.
OANDA:XAUUSD
by Karina_Bella
GOLD-trading analysis strategies As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current geopolitical situation, gold's risk aversion is still the mainstream of the market. What the market needs to pay attention to on Thursday is: the number of initial jobless claims in the United States in the week to January 13, the annualized total number of new housing starts in the United States in December, The total number of building permits in the United States in December and the Philadelphia Fed manufacturing index in January. Gold is still in a downward trend, but if it falls below 2005 again, it will become oversold in the short term, so we have to look at gold in two ways. Xauusd:buy2000-2005 TP:2010-2015 SL:1997 Xauusd:sell2017-2022 TP:2012-2008 Xauusd:sell2028-2032 TP:2022-2015 SL:2035 There are the above three strategies for your reference. Choose the strategy that suits you according to your own funds and trading style. You also need to pay attention to the data released during the U.S. trading time, which will affect the trend of gold. Friends with small funds can wait for the data to be released before trading or reduce their positions before the data is released. Join me, I will continue to analyze and help everyone learn how to trade
TVC:GOLD
by UnknownUnicorn64321080
Gold suddenly dropped in price shockinglyHello everyone, it's fantastic to reconnect with you today, especially as we dive into the topic of XAUUSD! Today, we've seen a shift in gold prices, descending from $2,054 to $2,028 per ounce by Wednesday morning. This seems partly due to comments from officials at the U.S. Federal Reserve (FED), indicating that the U.S. is still far from reaching its inflation target of 2%. Consequently, the FED isn't rushing to cut interest rates and will consider doing so only when there's a more significant decrease in inflation. This has led to speculations that the FED will maintain its current interest rate after its meeting concludes on January 31. Following this news, the U.S. Dollar Index rose to 103.35 points. The strengthening of the USD is putting downward pressure on gold prices, potentially pushing them towards a support zone around $2,015. What are your thoughts on the future trajectory of gold prices?
OANDA:XAUUSD
by Karina_Bella
3
Gold price today and prediction of upcoming trendsHello everyone! Today, we witness the continuing downtrend of gold prices, currently hovering around the 2023 USD mark. It's a decline of 5 USD for the day and over 30 USD since the beginning of the week. This decline is primarily attributed to recent positive news about the USD, which has shaken the confidence of traders, leading to selling gold to secure profits. Looking at the technical analysis charts, gold seems to be forming a 'cup and handle' pattern, reinforced by a bearish signal from the reversing EMA 34. If gold breaks through the critical support level at 2015 USD, we might see a more significant drop, aiming next at the buyers' defense zone around 1982 USD. What do you think about the future of gold prices? Do you expect it to rise or continue its current downward trajectory? Share your thoughts!
OANDA:XAUUSD
by Karina_Bella
GOLD-analysis It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because economic overheating may threaten their efforts to combat inflation, the U.S. dollar index came out strong yesterday and gold fell sharply, indicating that the short-term market is optimistic that the Federal Reserve will maintain high interest rates, but the window period is approaching and the continuity remains to be seen. It can be seen that the downward trend of gold is obvious, but the support from 2015 to 2017 is also relatively strong. Xauusd:buy2015-2017 TP:2025-2030 SL:2011 Because it is a downward trend, the upper resistance is 2035-2038 Xauusd:sell2033-2038 TP:2028-2020 SL:2043 Join me, I will analyze and tell you how to trade every day
TVC:GOLD
by UnknownUnicorn64321080
Will Gold continue to be dominated by selling pressure?Gold - 24h expiry Selling pressure dominated price action yesterday and we expect this to continue today. We are trading at oversold extremes. A higher correction is expected. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 2033.50 level. We look to Sell at 2032.80 (stop at 2044.80) Our profit targets will be 2002.80 and 1996.80 Resistance: 2084.45 / 2120.70 / 2140.20 Support: 2004.20 / 1984.70 / 1947.45 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDShort
by OANDA
Gold price today: Trading is quietHello everyone, nice to meet you again in today's talk about gold prices. Currently, gold price is fluctuating around 2050 USD and down nearly 8 USD compared to yesterday's transaction. In general, the first day of the gold week did not have much change in trend because the US market was closed during the Martin Luther Day holiday. However, escalating geopolitical tensions in the Red Sea and a risk-on environment still benefit safe-haven assets such as gold. December retail sales next Thursday and a preliminary estimate of the January Michigan Consumer Sentiment Index on Friday. The focus will remain on inflation, as Canada, the UK, Germany and the Eurozone will post updates, which will directly impact gold prices whether they have breakouts to the upside or downside. new.
OANDA:XAUUSD
by Karina_Bella
1
Gold's (XAUUSD) bullish flag breakout! New high? 16.1.2024A bullish flag pattern is a continuation trend which is built by 3 steps: 1. A flag pole, the size of movement up before the tunnel pattern started. 2. A tunnel pattern going down (flag) 3. Breakout above tunnel, movement up projected the size of the flag pole. Currently, we are step number 3. A breakout above the flag roof had been confirmed. A retest of the flag would be at 2020. A retest of the flag floor would be at 1990. The projected movement up target is at ~2160. This fits perfectly with the lack of political stability globally, as well as inflation concerns.
OANDA:XAUUSDLong
by Exactus
GOLD-Will it break through 2062 today? The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the period, and its reliability helps offset the risk of greater asset volatility in conditions such as geopolitical uncertainty. A series of data were released last week, digesting the impact of a series of U.S. interest rate cuts. Short-term U.S. Treasury yields have been falling in the past few months, which has also provided some support to gold. Therefore, gold's safe-haven function is very strong in this cycle. Today I think there is a high chance that gold will continue to rise Yesterday, the range of gold was 2048-2058, which is in line with my analysis yesterday. Today we still have to pay attention to whether 2062 will break through. Xauusd:buy2042-2045 TP:2050-2055-2058 Friends with more funds choose to buy now at 2048 If 2062 is exceeded today, I still think gold may rise to around 2075-2079 I hope my analysis can help everyone, join me, I will continue to analyze
TVC:GOLDLong
by UnknownUnicorn64321080
Gold price todayHello dear friends, Today the price of gold is trading quite gloomy, down nearly 5 USD and trading around 2050 USD with the trend seemingly starting to move sideways as the market is quite quiet from the holiday event of banks . The next downside price objective is seen at the triangle support at $2,049. Further out, Friday's low of $2,027 could bring temporary respite to Gold buyers. The final line of defense for Gold optimists is seen day at $2,020. On the upside, strong resistance is seen at around $2,060, above which static resistance at $2,080 will come into play. If the bullish momentum regains traction, a retest of the $2,100 barrier cannot be ruled out.
OANDA:XAUUSD
by Karina_Bella
Sell ​​strategy, after retesting resistance will increase againGold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US airstrikes in Yemen raises risks. Gold tends to perform well during times of economic uncertainty, with its reliability able to help offset the risks of more volatile assets in conditions such as geopolitical instability. “Spot gold is also rising as the market clings to hopes that the Fed will cut key interest rates as early as March,” said Han Tan, chief market analyst at Exinity Group. Gold's chances of reaching a new record high will remain open as long as the Fed can act in line with market expectations
OANDA:XAUUSDLong
by NicoTradingMaster
Gold will have a decline and then increase againWorld gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning. The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected. The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points. Although gold prices are rising, some analysts say the precious metal needs a new catalyst or at least clearer clues about the Fed's monetary policy direction to break out of its current range. in. According to Trade Nation senior market analyst David Morrison, although gold continues to hold its position, more effort is needed to attract new investors to the market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Continuing to return to the price increase journey?Welcome to a new promising and productive trading week! Looking back at last weekend, gold proved its strength with a spectacular Breakout, completely escaping the sideway trend and ending the downward trend. It was an impressive move from the bulls, as they not only successfully defended the key defensive zone at 2015 USD but also pushed gold prices up sharply from this point. Tensions in the Middle East are having a clear impact, easing pressure on the USD and bond yields, thereby supporting gold prices. In the short term, demand for safe havens will likely push gold prices higher. With the current picture, can we expect a gold price race to new heights? What about you, do you expect a wave of price increases for gold? Share your thoughts on where gold goes next in this exciting market!
OANDA:XAUUSD
by Karina_Bella
1
Gold price on the first day of the new weekHi everybody! It's great to start the new week with this conversation with you all! Let's look back a bit at gold last week, it really impressed me. Gold glided sideways near 2030 USD and then suddenly "danced" to 2061 USD on Friday, before turning around to correct. Now, what makes me excited is the fact that gold is currently at 2050 - 2051 USD entering the new week. Interestingly, gold's rally was fueled by weakness in US Producer Price Index (PPI) data and geopolitical tensions in the Middle East. Like a skilled dancer, gold escaped the bearish 'dance', returned to test the Breakout area and danced with the two EMAs. This makes me feel quite optimistic that gold will not stop here. It appears to be heading towards a new high - $2088. How about you? Do you think gold will continue to rise, or will it turn downward this week? Please share your thoughts!
OANDA:XAUUSD
by Karina_Bella
1
GOLD-Will it break through? Today, we will pay attention to the annual and monthly rates of US PPI in December announced in the US market. At present, gold has failed to break through 2042 after many attempts, but it was supported twice in 2013-2015. Now you can see that the fluctuation range is 2013-2042 I think the possibility of gold breaking through 2042 is relatively high, and it is within the range, but it is not appropriate to sell now. When we trade gold, we mainly buy at low prices. Strategy 1: Xauusd:buy2022-2025 TP:2030-2038 Strategy 2: If gold breaks through 2042, choose the support point to buy and follow the trend to trade. The market changes rapidly. Join me and I will continue to analyze and grasp the market trends.
TVC:GOLDLong
by UnknownUnicorn64321080