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Gold prices explodedDear traders, greetings! Gold remains steadfast in its price trajectory, currently being traded at 1860 USD per ounce, which reflects a rise of 12 USD per ounce since the early morning. In light of the ongoing crisis, the value of the dollar has increased in comparison to several other robust currencies. Nevertheless, since the US and Canada markets are closed in observance of Columbus Day, this surge in USD value has not had an impact on the price of gold. Given this circumstance, potential buyers of gold are demonstrating a keen interest and are expected to drive the price up to 1920.
OANDA:XAUUSDLong
by Samson-FX
2
Gold pops up before the news?Hello dear friends! Gold showed little volatility today as the market moved sideways around the range of 1864 - 1854. It is currently trading at 1866 USD. It seems that the market is focusing on the upcoming PPI and USD news to be released today and tomorrow. This could be important news for gold at this time. For this reason, gold buyers are expected to push the price up to 1873 USD. Breaking this level could drive gold towards the peak of 1900 USD. If you found this article helpful, please leave a comment and follow for the latest updates.
OANDA:XAUUSDLong
by Samson-FX
Yellow- facing psychological levelDear beloved friends, Gold continues to rise as predicted and is currently trading at $1882. The main reason for this is the news from last night, which caused the USD to cool down and retreat to a defensive level. Let's delve into the technical analysis a bit: Gold is facing a challenge near the $1900 region (resistance level). It is highly likely that after reaching a good increase, Gold will be rejected at this psychological level, leading to a downward movement with support at $1842 and even $1815.
OANDA:XAUUSDShort
by Samson-FX
The return of GOLDGold price (XAU/USD) witnessed an intraday turnaround from the $1,885 region, or over a two-week high and settled near the lower end of its daily range on Thursday. Consumer prices in the United States (US) rose more than expected in September and lifted expectations that the Federal Reserve (Fed) will keep interest rates higher for longer. This led to the sharp overnight rise in the US Treasury bond yields and triggered a massive US Dollar (USD) short-covering rally, which, in turn, was seen as a key factor exerting pressure on the precious metal.
OANDA:XAUUSDShort
by Currency-Controller
5
Gold eyes the first weekly gain in three, focus on $1,885Gold Price reverses the post-US inflation retreat from a two-week high as market players await more consumer-centric details on early Friday. In doing so, the XAUUSD bounces off 100-SMA and justifies the firmer RSI (14) line. However, bearish MACD signals will join a two-month-old horizontal resistance area surrounding $1,880-85 to provide a tough fight to the metal buyers. Following that, a convergence of the 200-SMA and 61.8% Fibonacci retracement of the September-October downside, near the $1,900 round figure, will be the final defense of the bears before giving control to the bulls. Meanwhile, stronger US data may drag the Gold price beneath the 100-SMA support of around $1,869, which in turn highlights the $1,860 and $1,855 as the following barriers for the XAUUSD bears. In a case where the bullion prices remain weak past $1,855, the $1,830 and the latest bottom of around $1,810 could test the commodity sellers ahead of the $1,800 psychological magnet. It’s worth mentioning that the metal’s sustained decline below the $1,800 threshold will make it vulnerable to test the late December 2022 swing low of around $1,770. Overall, the Gold price slips off the bear’s radar and braces for the first weekly gain in three but the buyers need to remain cautious unless the metal stays beneath the $1,900 resistance.
OANDA:XAUUSD
by MTradingGlobal
Gold increased sharplyGold prices rose again today following an unexpected military attack by Hamas on Israel over the weekend. This event has increased the demand for gold as a safe haven. Currently, gold is trading at $1855. However, the rise in US interest rates continues to pose a challenge for gold. In order to see a significant increase in gold prices, the market will be closely watching for a more dovish stance from the US Federal Reserve (Fed) starting in 2024. Furthermore, investors are eagerly awaiting the release of the minutes from the September meeting of the US Central Bank, which is scheduled for Wednesday. It is anticipated that gold may experience a temporary dip to around $1845 before any further upward movement.
OANDA:XAUUSDLong
by Samson-FX
Increase sharply after the job report, gold promises 1800 USD?Hello to all my beloved companions! Today, the price of gold got off to a promising start as it traded at its highest level in many months, reaching $1832 USD. This positive momentum was fueled by anticipated good news from the United States. The precious metal experienced a turnaround due to optimistic employment data, which suggests that the US Federal Reserve (Fed) may not proceed with any further interest rate hikes this year as originally predicted. Consequently, the value of the US dollar has declined for three consecutive sessions. It is worth noting that while gold has been on an upward trajectory recently, this trend may only be temporary given the persistent strength of the dollar. On October 12th, there will be an announcement regarding September's inflation index (CPI) in the United States. If this index shows a decrease for September, it is likely that interest rates will remain unchanged by the Fed. Conversely, if CPI exceeds expectations and increases significantly, it could prompt an interest rate hike by the Fed and potentially cause gold prices to drop below $1:800 per ounce threshold.
OANDA:XAUUSD
by Samson-FX
Gold reversal, long -term analysisGreetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory. The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period. Consequently, sellers are likely to exert further pressure on gold prices, currently at $1822, with an anticipated decline to $1804. This downward trend will persist until any positive developments take place.
OANDA:XAUUSDLong
by Samson-FX
5
Gold passes, waiting for newsHello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day. Today, there will be news surrounding the US non-agricultural payroll data which will impact gold prices. Given the ongoing pressure on precious metals, it is anticipated that gold will continue its downward trend with a support level targeted at USD 1800.
OANDA:XAUUSD
by Samson-FX
World gold continues to plummetHello everyone! Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce. According to the Federal Reserve (FED), inflation remains too high and interest rates need to be increased in order to control commodity price pressures. Consequently, the yield on US Treasury bonds with a maturity period of ten years surged to 4.75 points, leading to a strong influx of capital into bonds and adding further downward pressure on gold prices today as they continue their plunge into depths.
OANDA:XAUUSD
by Samson-FX
Gold price todayThe price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day. On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being suppressed. Market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. It is unlikely that there will be much volatility in gold prices today as there have been no news updates thus far.
OANDA:XAUUSD
by Samson-FX
Gold price has not escaped from the decrease cycleHello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have been some signs of recovery, they are not significant. On the other hand, there has been a strong increase in the US dollar index (DXY) due to data showing an unexpected rise in job opportunities during August. In the previous session, this index experienced a breakthrough from over 105 points to over 106 points. This is significantly higher than the threshold of 100 points set back in mid-July. Another factor contributing to gold's decline is its close relationship with oil prices, which have also cooled down recently.
OANDA:XAUUSDShort
by Samson-FX
Gold increased slowly, market analysisHello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the start of the trading session. However, the increase in gold prices was relatively slow. The USD continues to remain high. In the short and medium term, gold still faces pressure from tight monetary policies in the US. The Federal Reserve will continue to raise interest rates and maintain them for an extended period of time.
OANDA:XAUUSD
by Samson-FX
Gold price recovery remains elusive below $1,880Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815. However, the 21-SMA upside hurdle surrounding $1,830 and the one-week-long descending resistance line of around $1,840 restrict the short-term upside of the Gold price. It’s worth noting that the XAUUSD remains on the bear’s radar unless it breaks a downward-sloping support-turned-resistance line from late June, close to $1,880 by the press time. Following that, a quick run-up to the $1,900 round figure can’t be ruled out. Meanwhile, a downside break of the weekly support of around $1,815 will have to confront a slew of technical supports and oversold RSI (14) before allowing the Gold bears to visit the $1,800 round figure. Should the XAUUSD remain bearish past $1,800, a one-week-old descending support line of near $1,782 and the late November 2022 low of around $1,730 will be in the spotlight. Overall, Gold bears take a breather after the previous day’s disappointing US data, as well as consolidate the latest losses ahead of Friday’s key US jobs report. However, the XAUUSD is not out of the woods yet, at least below $1,880. Hence, the latest bounce can be considered as a selling opportunity.
OANDA:XAUUSD
by MTradingGlobal
Gold consolidated on the Bear sideHello everyone! Let's explore and discuss with AD! Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar. Looking at the D1 chart, we can argue that any correction in the price of gold from its lowest level in 7 months may encounter minor obstacles at $1,850, above which the highest level on September 28 and 29 is $1,880, will emerge as a strong resistance level.
OANDA:XAUUSD
by Samson-FX
Gold is about to reach 1800 USD?Hello everyone! Today, the price of gold has once again experienced a downward trend. After falling below the $1,900 threshold, gold has steadily decreased and is presently being traded at $1,818 with indications that it may soon reach the $1,800 range. Increasing US bond yields and a stronger USD are persistently posing threats to precious metals and exerting pressure on them. This can be observed from the continuous decline in gold prices during this particular period.
OANDA:XAUUSD
by Samson-FX
1
Gold price at the beginning of the week is very strong or riskyXauUSD is stronger on the weekend and closed higher than the opening day. BUT! The dollar is also strongly looking at the technical picture on the chart, we can see that some main factors are forming and an important area that can give us strong signals. But, it is worth noting that the 1D chart. A discounted candle is formed on the chart, but a large candle has been formed on Friday, in which gold has very little chance to overcome this area and along with the price increase of the dollar. It is likely that adjustment will begin when we see the price breaking of strong resistance on the hourly time frame.
OANDA:XAUUSD
by Samson-FX
2
Gold price decreased from 1935 USDLet's explore the market today! Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down. Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which increases the cost of the holding of non -interest assets like gold. The federal reserve's hawk stance at the recent monetary policy meeting will continue to play the role of a catalyst that makes bond interest rates higher and stronger US dollar, significantly putting pressure on precious metal. From Samson's personal point of view, it is likely that gold will check the price of $ 1,910 before any new market movement.
OANDA:XAUUSD
by Samson-FX
XAUUSD - down to the lowest level of 10 monthsThe current price of gold is continuing its downward trend, with a trading value of $1,822 per ounce. This marks a decrease of $25 per ounce compared to earlier this morning. In the past 10 months, the price of gold has reached its lowest level due to two factors: the US dollar reaching its highest point in 10 months and an increase in US Treasury bond yields, which are currently at their highest levels in 16 years. While there is a possibility that gold prices may drop further to $1,800 per ounce, it's important to consider that during times of economic weakness, gold can present itself as a long-term buying opportunity. Additionally, if core inflation decreases and stabilizes interest rates in the US while also leading to a decline in the value of the dollar, this will likely provide support for precious metals.
OANDA:XAUUSD
by Samson-FX