World gold suddenly plummeted last night#XAUUSD ANALYSIS - January 25, 2024
🔴Recommended Sell: 2020-2024 (STOP: 2030)
✅ Target: 2011- 2004
💎 Gold has dropped sharply since the beginning of the week as expected.
💎 This week you should continue to watch to sell down, in yesterday's session the price completely broke the accumulation zone, reaching the lowest bottom of 2011.
💎 Traders can prioritize selling in the near future.
(Wish traders to have an effective trading strategy)
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Forecast:
Recently, there have been some assessments that the strong increase in gold prices at the end of 2023 has predicted the possibility of the Fed soon reversing monetary policy. The more cautious the Fed is now, the greater the pressure on profit-taking on precious metals
In addition, the US stock market's continuous breakthrough to new historic peaks has also reduced the flow of money into the gold market.
Thus, in the short term, gold is assessed to have somewhat negative developments.
But in the long term, gold is said to be in an uptrend when it is difficult for the USD to avoid a prolonged decline, not only because the Fed will cut interest rates but also due to pressure to reduce the use of the US currency coming from several major economies, including China.
Xauusdsell
💡 XAUUSD: Strong selling pressureANALYSIS TODAY: Retested the 2040 resistance zone in the last session but the selling pressure returned once again. Currently, the price is still in the short-term down channel so the assessment has not changed, continuing to expect the price to go down in the short term. , the targets are around 2000 and 1980 respectively.
Indicator is used:
- Chandelier Exit
- EMA
- MACD
Gold 2038 encounters obstacles again and continues to sellJudging from the current daily level, the short-term trend is still bearish, and the upper part is obviously suppressed by the downward trend line! Yesterday's trend closed negative and fell below the previous day's K-line! In the one-hour trend, the price of gold also showed a volatile downward trend. The theme of the day is still shorting. It will rebound to the inflection point pressure level near 2038 before continuing to short!
The gold price reversed twice yesterday and reached the pressure level near 2029, but it was unable to break through and stabilize. Both times it reached the price ended in decline! The current one-hour chart continues to maintain a weak and volatile pattern, with the highs moving downwards and the lows also constantly setting new lows. From a technical perspective, the trend is still bearish. Considering that there is no stimulation from major news, the operation needs to Use the idea of a shock and decline to treat it, wait for the counter-draw to reach around 2038 during the day and continue to short, the target below will continue to look towards 2020!
Trading strategy: Gold 2038Sel, stop loss 2045, target 2020
GAZA ceasefire for 1 month? xauusd will sideways?Gold today. Let's continue to sell, everyone. Today's Price Range I will enter according to Frame D1 and H4.
> Today's selling rhythm I will wait around the price range 2032>2038
SL 2040
City 2024>201x
>In the Buy zone, you can buy according to RSI. Because the current price range is quite balanced between buyers and sellers. But on the large frame, I still see the same Gold with a deep decrease of 199x.
>If you don't understand, you can watch today's video again. I analyze the trend quite clearly 😊 😊
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Sources reveal: All parties in Gaza are brokering a month-long ceasefire!
1. Israel and Hamas have agreed in principle to a one-month ceasefire plan that would see Israeli hostages exchanged for Palestinian prisoners. However, the plan still leaves disagreement on how to permanently end the war in Gaza.
2. Mediation efforts, led by Qatar, the United States and Egypt, have focused on releasing Israeli hostages in phases, starting with civilians and ending with military personnel.
3. Despite some progress, reaching a final agreement still faces many obstacles, especially regarding the conditions for a lasting ceasefire.
4. Hamas is seeking an overall "deal package", while Israel wants to conduct negotiations in stages. Hamas demanded guarantees that the second phase of the deal would be implemented before agreeing to an initial ceasefire.
5. Israeli Prime Minister Netanyahu is facing pressure to reach an agreement, especially from members of the government and the families of the hostages.
6. The United States, along with Qatar and Egypt, is pushing for a ceasefire, and the United States has pledged to support a longer "humanitarian standstill."
7. Most recently, negotiations have focused on releasing all hostages, providing humanitarian assistance to Gaza, and releasing Palestinian prisoners.
GOLD XAUUSD Trade IdeaLooking at GOLD XAUUSD on a 4H chart we can see a bearish break off structure with a series of lower lows and lower highs with the exception of a previous liquidity run. Given the trend I'm looking for a short opportunity with targets at the current price swing low and previous swing low as shown on the chart. This information is for educational purposes only and not to be considered financial counsel.
Today Gold Confirm Analysis Gold Sell Now Don't miss this chartXAU/USD trimmed Friday’s gains, and the daily chart supports a continued decline. The pair develops below a mildly bearish 20 Simple Moving Average (SMA), while the longer moving averages lack directional strength well below the current level. Technical indicators, in the meantime, resumed their declines within negative levels, although their strength is limited.
The 4-hour chart for XAU/USD offers a neutral stance. The pair briefly pierced a flat 20 SMA but quickly recovered above it, suggesting unconvinced sellers. The longer moving averages head marginally lower above the current level, limiting advances. Finally, technical indicators head nowhere around their midlines, failing to provide clear directional clues.
Support levels: 2,016.40 2,001.60 1,988.60
Resistance levels: 2,033.10 2,047.20 2,056.80
Gold sell Now 2029
Confirm Target 2010
XAUUSD - Gold prices suddenly escalated todayGOLD: Gold price in yesterday's trading session mostly fluctuated in a narrow range from 2022-2030 and did not surpass the 2030 price reaction zone. This shows that the short-term trend of gold will likely remain positive. cumulative decline with the short-term goal of retesting the 2015 area. In the current context, the USD is recovering. You can consider selling GOLD around 2030
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******NEWS:
The global spot gold price was around $2,019.3/oz, down $2.7/oz from overnight. Comex New York April 2024 gold futures price is $2,041.4 per ounce. Gold prices fell slightly at the start of US trading. The upward trend in precious metals was limited by improved economic indicators at the beginning of the year. Expectations in the market that the Federal Reserve (Fed) will cut interest rates soon are waning. Retail sales rose 0.6% in December 2023 from the previous month, beating economists' expectations and showing Americans are still driving the economy with spending, according to the U.S. Department of Commerce. she.
The US stock market was very strong when she started trading. The recovery in the US stock market has also had a negative impact on precious metals, as equities are an asset class that competes with gold and silver.
The US dollar index is slightly lower. Nymex crude oil prices rose slightly to around $73.75 per barrel. The yield on the 10-year U.S. Treasury bond is currently 4.107%.
Meanwhile, China left its main interest rate unchanged at the People's Bank of China's central bank monetary policy meeting. This is unfortunate for price speculators in the raw materials market.
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*******gold price prediction
Kitco's latest weekly gold survey shows that both institutional and retail investors are bullish on gold prices this week.
According to Wall Street, 42% expect gold prices to reach higher levels. 29% expect prices to fall, and the same proportion have a neutral opinion on gold.
Mark Chandler, CEO of Bannockburn Global Forex, said geopolitical tensions and escalating conflicts in the Middle East have had a smaller impact on gold prices than expected.
Investors are focusing on the US GDP and central bank meetings in Japan (Bank of Japan), Europe (ECB), and Canada in the fourth quarter of 2023.
The market was gentle at the beginning of the week#XAUUSD Analysis – January 22, 2024
🔴Recommended sales: 2040-2045 (Stop: 2050)
🔴Recommended sales: 2050-2055 (Stop: 2065)
✅ Target: 2006 – 2010
💎As I commented last week. There was a clear downward trend in gold prices, with a brief recovery period over the weekend.
💎 Gold prices will likely continue to recover to around the 204 price range earlier this week before the sharp decline occurred.
💎Trader can prioritize selling if the price shows a falling pattern at his 204x trend price point.
(Traders, I wish you a successful new week with effective trading strategies)
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Global gold prices are trending higher this morning, with spot gold prices up $2.3 to $2,031.5 per ounce.
Last week, global gold prices registered a slight increase in the final trade of the week after a series of declines due to pressure from interest rate expectations. However, the yellow metal still fell by $20 in a week.
On Tuesday, the dollar rose after Federal Reserve Governor Christopher Waller issued "harmonious" comments about interest rate cuts this year, putting pressure on gold. Waller said the U.S. is still far from its 2% inflation target and the central bank should not rush to cut rates until it is clear that the decline in inflation is sustained. Earlier, a number of Fed officials, including Cleveland Fed President Loretta Mester, told Bloomberg TV that monetary easing in March was premature. According to comments from Fed officials, the Fed expects to cut rates much later, perhaps by the end of the second quarter of this year.
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Fib retracement(0.618) Key Area (Bearish Cycle)As we were optimistic on last Friday reversal from $2040-$2042 area that's now at moment 0.618 Fib retracement point as critical point. However ,bullish cycle are aggressive without any indication due to the global political conflicts.$2020-$2042 is the area of consolidation our forecast towards short on medium term till $1982.movever, if $2042 breaks then bullish cycle will be activated properly.
Wait for the rise to 2038 before SellThe price of gold rose rapidly after the initial unemployment benefits announced last night. It is currently showing a continuous rebound trend in the short term. The daily level shows a closing pattern of Zhongyang line. However, the overall one-hour trend is still just a rebound and does not represent a reversal. , so we can wait for the rebound to the resistance point of 2038 before selling. 2038 is a key resistance level that has not been broken through many previous attacks, so I think there will be a reversal here, and the target can be the support level of 2020.
Trading Strategy: Gold 2038Sell, Target 2020
Good luck to everyone
Prices continue to DECREASE during the week! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is moving within a limited range during the Asian session on Friday and continues to stay close to a low point reached earlier this week, around the psychological level of $2,000. The Middle East is experiencing heightened geopolitical tensions as Pakistan conducted retaliatory airstrikes inside Iran on Thursday. Additionally, clashes between the US and Houthi forces in the Red Sea, coupled with ongoing concerns about China's weak economy, provide support for the safe-haven status of gold.
⭐️ Personal comments NOVA:
Following the DOWN trend of Gold, US economic data is also supporting that
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $1993 - $1995 SL $1985
TP1: $2002
TP2: $2010
TP3: $2020
🔥SELL GOLD zone: $2033 - $2035 SL $2040
TP1: $2027
TP2: $2020
TP3: $2010
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Will it be Black Friday when gold will reverse strongly?
OLD last night had a recovery to Zone 202x. As for the Current Price Frame, I see that Gold can still increase further at this momentum.
> As Price Margin Today everyone refer to Regional Selling Soup 2026>2028
SL 2030
City 2018>2008.
If Bien Gold now breaks beyond this Valuation price range, I will put it in the Buy zone, everyone. There will be a video commenting and sharing in detail later. Everyone, remember to follow this Rib to trade
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Bob Haberkorn - senior market strategist at RJO Futures - assessed that the market is skeptical about the Fed's ability to cut interest rates and that is putting pressure on gold prices.
Experts predict that geopolitical risks will continue to support and keep the price of this precious metal at about 2,000 USD/ounce.
Tai Wong, an independent metals analyst in New York, said that political risk is currently the most important factor causing gold prices to remain above 2,000 USD/ounce. This expert also predicted that the upcoming gold price will stabilize at above 2,020 USD/ounce.
Gold is ready to go shortThe price of gold is currently maintaining its stability below the threshold of 2018.80, thus keeping the bearish trend scenario valid and active for the day. It is important to note that our main anticipated target is set at 1982.23.
We are taking short positions to achieve this target and break the level of 1900.