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Update the latest gold price today!Hello everyone, let's take a look at the gold price situation today! Yesterday, the gold market experienced a major fluctuation due to the important event of the Non-Farm report and unemployment rate. Gold went through a period of sharp ups and downs, as the price rose to $2,320 before falling to $2,277, however, gold ultimately remained stable around $2,300. However, in the near and medium term, gold prices are still in a downward trend. Although US bond yields decreased during the weekend trading session, gold prices did not seem to react much. Furthermore, jobs news has bolstered confidence that the US Federal Reserve (Fed) will begin easing monetary policy this year, which could support gold prices amid low interest rates. . However, this also creates a greater risk environment, causing investors to turn to other assets. When risks decrease, demand for gold may decrease, leading to the possibility that gold prices will continue to adjust in the near future.
OANDA:XAUUSDShort
by RKarina
Update the latest XAUUSD todayHello everyone, today let's look at the price of gold together! Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday. The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling. However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability. Trading plan for April 2: 👨‍💻 Buy XAUUSD around 2310 - 2308 🔹 Set stop loss at 2305 🔹 Profit target at 2315 - 2320 - 2225 Wishing you successful trading and achieving your profit goals!
OANDA:XAUUSDShort
by RKarina
XAUUSD : Trades around 2300 USDHi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US. The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and supported a part for the price of the items. However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.
OANDA:XAUUSDLong
by RKarina
Gold price today: Waiting for a new breakthrough!Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions. This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for gold's next move. Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view. Wishing everyone happy and successful trading!
OANDA:XAUUSD
by RKarina
Gold grinds within the falling wedge ahead of the US NFPGold price brace for the second consecutive weekly loss despite downbeat US Dollar performance. In doing so, the precious metal seesaws between the 50-SMA and the 200-SMA while posting mild intraday losses within a two-week-old falling wedge bullish chart formation. That said, cautious sentiment ahead of the monthly US employment report and sluggish oscillators restrict the XAUUSD’s immediate moves within the bullish chart pattern. It should be noted that a downside break of the 200-SMA level of $2,289 will direct the sellers toward the stated wedge’s bottom line surrounding $2,278, a break of which will defy the bullish chart formation and can drag the commodity prices toward the early April swing high of around $2,265. On the contrary, a convergence of the 50-SMA and the previously stated falling wedge’s top line, close to $2,319-20, appears a tough nut to crack for Gold buyers. Following that, the late April swing high of around $2,353 and the $2,400 threshold will lure the XAUUSD bulls. In a case where the Gold buyers remain confident past $2,400, the theoretical target of the falling wedge confirmation, near $2,440, will be in the spotlight. Overall, Gold portrays bullish consolidation ahead of the key US employment data, despite the US Dollar’s downbeat performance.
OANDA:XAUUSD
by MTradingGlobal
Vedanta for 100% gainFor investing/trading in metal companies, one needs patience as hard. On weekly charts, the stock seems to be in Wave 3 which is heading towards 800+ that is also the 1.618 fibonacci level as seen in the chart. In the current run up, it may go up another 5-10% (around 440 levels) before hitting a Wave (II) correction towards 350-325 levels. Please note there are a few assumptions with which these levels are arrived at. In case of deviation in the route to its target, those assumptions are altered. You can avoid all panic if you manage your positions well.
NSE:VEDLLong
by DhandhaPaani
Gold weekly outlook Imp area are 2132 to 2324 if break more fallGood Morning Traders, Gold weekly outlook Imp area are 2132 to 2324 if break more fall Gold is consolidating in 2350 to 2325 area and around 100 EMA. IF we see gold is also in falling wedge. If gold will break 2324 area and sustain we can see deep correction till 2300 2290 and 2285 and 2275. If gold sustain above 2350 2354 we can see more up levels till 2360 2365 and 2370 2375. Our recommendation is selling from every high. Geo political can change the game, else we can see bearishness in gold Even we have Fed Rates event this week so check all the things before trading, Plan accordingly, Happy Trading
FXOPEN:XAUUSDShort
by vikasvasusharma
Crude Oil Week April 29 to May 03 Time Frame: 1 Day 1. Rejection candles from Support zone and 50 EMA. Price has not allowed to break these key levels 2. Previous trend is bullish. Level breakout and under retracement 3. 50 and 200 EMA golden crossover Time Frame: 4 Hr Crude oil has bounced from previous key level(Resistance converted to support zone) 1. Trend is Bullish 2. Filled FVG and taken support for 50 EMA 3. Bounced from 200 EMA. Entry above : 7046 Target: 7257 ( 211 Points) Stoploss:6916 (130 Points)
MCX:CRUDEOIL1!Long
by Swinging_Inside_the_BAR
1
What number will gold end the trading session at?Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day. As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.
OANDA:XAUUSDLong
by RKarina
What does gold promise in the near future?Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around $2300 USD. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Looking ahead: Long-term outlook: Gold continues its upward trajectory, with a favorable target of $2500 USD. Short-term outlook: The precious metal has established a new support level, moving steadily around the EMA 34 and 89 lines, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens.
OANDA:XAUUSDLong
by RKarina
Update the latest gold price today!Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors. Gold prices remain high due to concerns about instability in the Middle East and Ukraine. In addition, weaker US economic data is also supporting gold prices as the US service and manufacturing industries show signs of decline. In the long term, gold is still in an upward trend. However, in the short term, gold may also suffer deeper corrections because the decline in the first two sessions of the week is not significant compared to the growth that has lasted since the end of December last year.
OANDA:XAUUSDShort
by RKarina
Gold price today: Back to the track.Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD. As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying side. As long as the support level of 2300 USD is held steady, there is potential for a retest of the resistance level at 2400 USD, in line with the long-term trend of gold in recent weeks.
OANDA:XAUUSDLong
by RKarina
How to win in the gold market today!Prepare for an attractive short-term gold trading strategy! According to the current chart, gold is trading around $2,322 and remains in a downtrend. Strong resistance has been established at around $2,330, where gold has failed to break through three times, indicating seller control over the price. This downtrend continues to be stable and reliable. Our strategy will be to sell XAUUSD between $2327 and $2330, when gold is expected to retest the 89 EMA before resuming the current downtrend. The price target can be set near the $2,300 level. Wishing you happy and effective trading!
OANDA:XAUUSDShort
by RKarina
Gold sellers need validation from $2,298 and US GDPGold price portrays a four-day losing streak as market players brace for the first readings of the US first quarter (Q1) 2024 Gross Domestic Product (GDP). In doing so, the XAUUSD justifies the previous day’s downside break of a $2,324 support confluence, now resistance, comprising the 21-SMA and a two-month-old upward-sloping trend line. It’s worth noting that the RSI (14) line’s retreat from the overbought territory joins the bearish MACD signals to add strength to the downside bias. However, a clear downside break of the previous resistance line stretched from early March, around $2,298 by the press time, becomes necessary for the bullion sellers to tighten the grip. Additionally, a strong print of the US Q1 GDP could also convince the precious metal bears to take action. Following that, the 38.2% and 50% Fibonacci retracement of the quote’s February-April upside, respectively near $2,262 and $2,208, will be in the spotlight ahead of the 50-SMA support of $2,198. Alternatively, downbeat prints of the US Q1 GDP could trigger the Gold Price recovery that will aim for the $2,324 support-turned-resistance confluence. In a case where the XAUUSD remains firmer past $2,324, the $2,350 and the $2,400 psychological magnets will lure the buyers. However, a fortnight-old descending resistance line surrounding $2,405 will precede the recent swing highs of near $2,418 and $2,432 to challenge the precious metal’s further advances. It’s worth noting that the commodity’s successful trading beyond $2,432 won’t hesitate to flash the $2,400 threshold. Overall, Gold price remains pressured ahead of the key data but the quote’s further downside needs validation.
OANDA:XAUUSD
by MTradingGlobal
Gold falls while the main trend is still up!Hello everyone, what do you think—should we buy or sell gold today? Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals trades. This is a common phenomenon in the futures market when a commodity loses its price momentum, whether short-term or long-term. From a technical analysis perspective, gold's recent decline is just a correction after gaining about 22% in the past two months. This correction is still within the framework of a long-term uptrend. However, if gold continues to fall further this week, new short-term highs could be set. With current prices yet to surpass $2,300 an ounce, gold could soon recover thanks to buying at lower prices, supporting its long-term upward trajectory.
OANDA:XAUUSDLong
by RKarina