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Gold: The Fever Shows No Signs of Cooling DownHello everyone, it's Alisa again. Will gold go up or down today? Let’s analyze it together with Alisa! Despite facing strong profit-taking pressure, gold prices have remained at an all-time high. This suggests that investors are still optimistic about the possibility of further rate cuts by the U.S. Federal Reserve in the near future, especially after the latest inflation data was released. Looking at the technical chart, the trend is still upward, and the 34 and 89 EMAs are running steadily with no signs of reversal. With support at 2,626, this precious metal continues to rise, targeting the 2,688 mark. Alisa thinks this precious metal will soon break its record high and aim for 2,700. What do you think about gold’s movement today?
OANDA:XAUUSD
by Alisa_Rokosz
Gold prices are skyrocketing: will they break a new peak?Gold prices are skyrocketing; will they hit the $2,700/ounce mark? Hello everyone, Alisa here! How are gold prices doing this Wednesday? Let’s explore together! Today, global gold prices continue to soar, reaching a new peak of $2,662/ounce. The continuous rise of this precious metal is driven by expectations that central banks will continue cutting interest rates, along with escalating geopolitical tensions in the Middle East. Looking at the chart, the price remains in an upward channel. With support at $2,555 and the EMA 34 and 89 lines holding steady, this further strengthens the bullish trend for gold. I believe gold could surpass $2,700/ounce as early as the end of this week, if tensions in the Middle East continue to escalate and more news about interest rate cuts emerges. Do you agree with me?
OANDA:XAUUSD
by Alisa_Rokosz
Catching the Uptrend Amid Expectations of Interest Rate CutsIn the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the end of the trading session on September 23 at Kitco, gold recorded a price of 2,625.00 USD/ounce, slightly up 3.60 USD. The market is waiting for new signals from the US Federal Reserve (Fed) this week, especially the upcoming speech of Chairman Jerome Powell, along with the announcement of PCE price index data, an inflation measure that the Fed is particularly interested in. Technical analysis from the current chart shows that gold is trading right at a key resistance level, with a strong upside momentum supported by the 34 EMA and 89 EMA, which are acting as key support levels. Given the current economic and geopolitical factors, gold could continue its upward momentum if the upcoming monetary policy meetings of the Fed and other central banks yield further monetary easing decisions. Further rate cuts could further strengthen the buying interest in gold as a safe-haven asset. If gold breaks the current resistance level, the next target could be around $2,700/oz. In case the price falls below the supporting EMAs, one needs to keep a close eye on the support level at $2,560/oz, which could provide an ideal entry point for long positions.
OANDA:XAUUSD
by Alexander_FXTrading
Historic Turning Point: Gold Takes New HighGold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above this level could pave the way for further gains. However, if a correction occurs, the key support level to watch is $2,590. A pullback could be an opportunity for investors to buy, especially if the fundamentals remain bullish.
OANDA:XAUUSD
by Alexander_FXTrading
Surprise: Gold "Ignores" USD, Sets New RecordHello, it's Alisa again! How is everyone's Tuesday going? Today, let's explore the current gold price situation together! Despite the USD index trending upwards, the gold market is still impressively rising. The main reason stems from investors' optimistic sentiment following the Fed's decision to ease monetary policy. Additionally, escalating geopolitical tensions have made gold an attractive safe-haven asset. Looking at the technical chart, the EMA 34 and 89 lines are running steadily, with no signs of reversal. With support at 2,579, gold is expected to bounce and break through the resistance at 2,625 to continue its upward trend. What about you? How do you think the gold price will change? Comment and let Alisa know!
OANDA:XAUUSD
by Alisa_Rokosz
Geopolitical instability: Gold continues to maintain strong growA new week has begun! Let's join Alisa in analyzing the information related to gold prices today. In the past few days, following the U.S. Federal Reserve's (Fed) interest rate cut, global gold prices have continuously set new records. Furthermore, supported by the weakening U.S. dollar and escalating geopolitical tensions in the Middle East, gold has maintained its upward trend. Looking at the chart, Alisa sees that the EMA 34 and 89 lines are running steadily, and the price remains within the price channel with signs of further increase. With this trend, even if the price drops, I believe that with support at 2,586, gold will bounce back. Although the precious metal remains in a strong uptrend, investors should carefully monitor profit-taking signals and short-term reversals to prepare in a timely manner.
OANDA:XAUUSD
by Alisa_Rokosz
1
XAU/USD: Climbing Ahead of Psychological Resistance at $2661XAU/USD is climbing strongly, holding steady at $2619 with support from EMA 34 and EMA 89. The biggest challenge lies at the psychological resistance of $2661.470 – if broken, the next target could reach $2683.706. Traders can buy if the price breaks resistance or sell if it pulls back to support. Currently, the USD is struggling due to increased risk appetite and dovish expectations from the Fed. Traders are awaiting PMI data from both Europe and the US for new direction.
OANDA:XAUUSDLong
by Romio_pro
copper next movecopper can make small correction for fill FVG on down side for make uptrend 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
MCX:COPPER1!
by TRADING_MASTER_DAVIS
Weekend #btc & #gold Price Action Analysis | Market Insights &📈 Welcome to Alzubair FX! In this video, we dive into the latest price action for Bitcoin (BTC) and Gold, analyzing key levels, market trends, and potential movements for the upcoming week. Whether you're a seasoned trader or just starting, our insights will help you stay ahead in the market. 🔔 Don't forget to subscribe for daily Forex analysis and price action insights! 💬 Share your thoughts in the comments below! What are your predictions for BTC and Gold? #Bitcoin #Gold #CryptoAnalysis #ForexTrading #MarketTrends #PriceAction
by Alzubair_fx
1
Gold Awaits Fed's MoveXAUUSD is currently trading at $2,586, near the critical resistance level of $2,588.972. The upward momentum is still supported by the EMA 34 ($2,561.747) and EMA 89 ($2,536.316). However, if this resistance is not broken, the price may retrace to the support zone at $2,554.101. If the price holds above this level, gold could continue rising, aiming for the $2,614 mark. With the FOMC meeting scheduled for later today, the market is awaiting key interest rate decisions, which could cause significant short-term volatility in gold prices. Traders should closely monitor macroeconomic news signals to make informed trading decisions.
OANDA:XAUUSD
by Romio_pro
Gold Long from 2600 Range.The potential upside is strongly indicating that gold prices are no way going to settle below 2600 $ on immediate basis. The fundamental cause for this rise is was already portrayed last year on 4th December 2023. The sharp drop in gold prices on December 4, 2023, was the result of a few key factors converging to drive significant market volatility. Profit Taking: Gold had reached an all-time high in early December due to geopolitical tensions, especially in the Middle East, which drove safe-haven demand. When gold touched this high, it triggered a wave of profit-taking, as many investors sought to lock in gains, leading to a sell-off. This marked a major pivot from the price surge​( Interest Rate Expectations: Around that time, there were shifting market expectations regarding U.S. interest rates. The U.S. Federal Reserve had previously hinted at potential interest rate cuts in 2024, which initially supported gold prices. However, as markets began reassessing the timeline and pace of those rate cuts, sentiment changed. Investors became more cautious, and the anticipation of delayed cuts led to a stronger U.S. dollar, which inversely impacts gold prices, contributing to the fall​ Economic Data: Economic indicators released around the same period were not showing signs of the expected weakness. This further dampened investor optimism about an imminent rate-cutting cycle, causing a reassessment of risk positions and leading to additional selling pressure on gold​. The combination of profit-taking, shifting interest rate expectations, and economic data that did not support continued bullish sentiment drove the significant decline in gold prices starting on December 4. Now as we are today at Sept 20th, 2024, we can see the first interest rate cut from Fed has clearly been on rise for GOLD. Gold is currently on the rise due to fresh investing and this may continue for a pottential longer time than usual previous movements.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
2
Fed Cuts Interest Rates, Gold Expected to SurgeHello everyone, I’m Alisa. Today, let’s update you on the latest information about gold prices! After the U.S. Federal Reserve decided to cut rates by half a percentage point on September 19th, gold prices reversed and surged significantly. According to the 4-hour chart, gold is currently fluctuating around $2,590. The outlook leans towards a continued strong increase, aiming for levels above $2,600. Overall, after the Fed's move combined with news of the U.S. experiencing trade and budget deficits, we can expect more rate cuts in the future. The U.S. dollar will likely decline, creating favorable conditions for gold to rise further. Therefore, I believe we can sell gold today. What about you? What are your thoughts on gold prices today?
OANDA:XAUUSD
by Alisa_Rokosz
4
XAUUSD Hits Resistance, Awaiting Fed SignalXAUUSD is currently trading around $2,573, approaching a key resistance level at $2,587. If it fails to break through, the price may correct towards the support zone at $2,536 before a potential strong recovery. The EMA 34 ($2,557) and EMA 89 ($2,530) continue to support the uptrend, but with the RSI at 67.87, the market shows signs of being overbought, increasing the likelihood of a correction. Gold has attracted some dip-buying on Wednesday as rising bets on a 50 bps rate cut from the Fed test the recovery of the US dollar.
OANDA:XAUUSD
by Romio_pro
XAUUSD 19/9/2024 Downtrend is over? Looking at H1 we see that after the FOMC news we witnessed a strong price increase creating ATH at the 2600 area. Then there was a strong decrease to the 2547 area - So wave 5 has completed as expected my target. now we expect an ABC correction - Looking at the chart we see a strong decline suggesting a completed wave A, this strong decline also shows us that wave A has a 5-wave structure so this correction we expect a correction according to the ABC Zigzac correction structure - The target of wave B I expect at the 2580 - 2583 zone or the 2579 - 2600 zone this is our SELL target - After completing the target of wave B the price continues to decrease to complete wave C I expect the target to complete wave C at the price zone of 2528 - 2525 this will be our BUY target - We also have a strong support zone at the price zone of 2451 - 2448 this will be our BUY scalp zone Trading plan SELL ZONE 2580 - 2583 SL: 2590 TP1: 2570 TP2: 2562 TP3: 2551 SELL ZONE: 2597 - 2600 SL: 2607 TP1: 2590 TP2: 2579 TP3: 2562 BUY ZONE: 2551 - 2448 SL: 2561 TP1: 2562 TP2: 2570 TP3: 2579 BUY ZONE: 2528 - 2525 TP1: 2541 TP2: 2551 TP3: 2562
OANDA:XAUUSDShort
by DEEKOP
2
XAUUSD 18/9/2024 gold price has ended the correction? Looking at H1, we have a sharp and fast-moving wave 3, followed by a corrective wave 4 - According to the Elliot wave principle, wave 2 is simple, wave 4 is complex and takes more time, so we are in wave 4. - I temporarily label the small waves in wave 4 so that we can predict the end of wave 4 - Currently, looking at the price target of wave 4, we have the price range of 2565 - 2562 and the second target price range is the range of 2451 - 2448 - Looking at the structure of wave 4, we have a complex structure consisting of a Flat wave combined with a zigzag structure WXY. Looking at the wave 4 structure, we see that the correction structure may be sufficient and we expect the price to continue to increase according to wave 5 - The correction process of wave 4 is confirmed to be completed when the price breaks out through the 2590.188 zone, then we have the target zones of wave 5 above, which are the 2600 - 2603 zone and the 2616 - 2619 zone Our trading plan BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2579 TP2: 2590 TP3: 2600 BUY ZONE: 2451 - 2448 SL: 2441 TP1: 2561 TP2: 2579 TP3: 2590 SELL ZONE: 2600 - 2603 SL: 2700 TP1: 2590 TP2: 2579 TP3: 2565 SELL ZONE: 2616 - 2619 SL: 2716 TP1: 2600 TP2: 2590 TP3: 2579
OANDA:XAUUSDLong
by DEEKOP