GOLD - Accumulate around 1910 USDWith news Core retail sales better than expected.The USD immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, continues its fifth consecutive day of gains.
Trading plan:
BUY XAUUSD soup around the price: 1896 - 1894
Stoploss : 1890
Take Profit : 1905
Take Profit : 1910
Take Profit : 1920
Goldtrade
There are signs of gold's recoveryTVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low.
Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price.
US retail sales, FOMC Minutes looking for clear directions, risk catalysts also in the spotlight.
Trading plan:
SELL XAUUSD: 1919 - 1921
Stoploss : 1926
Take Profit : 1915
Take Profit : 1910
Take Profit : 1900
Note : TP, SL full to be safe and win the market !
GOLD: What happens next for Gold?Temporary concerns cooled down during trading hours in Europe but continued before Wall Street opened, with XAU/USD trading at a low of 1,902.68 per troy ounce, which aligns closely with the lowest level in July. Ultimately, the positive tone from Wall Street finally interrupted the USD protest rally and helped XAU/USD recover from the aforementioned low level, although gains were modest amid limited selling pressure on the US currency.
Gold 04/08 goes sideways waiting for non-agricultural news.Markets were now focused squarely on nonfarm payrolls data due later in the day, which is expected to show that the U.S. labor market remained steady through July.
Any signs of resilience in the labor market give the Fed more impetus to hike interest rates further, given that the bank is targeting some cooling in labor conditions as part of its crusade against inflation.
Framework H4 I'm working on. Gold can be seen moving sideways since the morning of April 8, very slight oscillation about 1930-1938. I think with such a large compression, tonight's NonFarm will be very strong, we should wait for the real news. then let's trade.
What are your ideas, let me know in the comments below. Thank!
Gold today 08.08 is under pressure from copperFed interest rate instability causes gold to plunge seriously, Fed officials offered different views on future rate hikes by the central bank. Fed Governor Michelle Bowman said on Monday that more rate hikes may be needed to bring inflation closer to the Fed's annual target range.
on the 4-hour chart, we can see gold's bearish momentum developing, 1900 round resistance is not far away. please set up a sell order as soon as it breaks the bearish triangle/
What are your ideas let me know in the comments, thanks!
Gold today 09.08 hit a 1-month lowStrength in the dollar kept broader metal markets depressed, as investors awaited more economic cues from U.S. consumer price index (CPI) inflation data due on Thursday
Non-yielding assets such as gold and other precious metals logged steep losses this week. Spot gold steadied at a one-month low of $1,926.20 an ounce, while gold futures expiring in December were flat at $1,960.05 an ounce by 20:12 ET (00:12 GMT). Both instruments were trading nearly 1% lower for the week.
Dollar rise causes gold to plummet to the price zone 1922, the lowest level in the past 1 month, I think it will continue to decrease, we should play short,to be safe we should establish a buy order as soon as the price moves to the last support zone 1922 - 1925.
What is your idea? Let me know below in the comments! Thank.
Gold 07.08 moved sideways in a narrow range.Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve.
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating.
The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x.
What is your idea? can let me know in the comments, thanks!
Gold 03/08 Triple bottom patternThe dollar rose past the Fitch cut, taking support from much stronger-than-expected payrolls data released by ADP. The reading followed data earlier this week that showed some signs of a U.S. manufacturing and construction recovery.
The data spurred bets that the Federal Reserve will have enough economic headroom to hike rates further and keep them there - a scenario that bodes poorly for gold and metal markets.
At the 45m frame, we can see a triple bottom formation. we can hit short, I will place a buy order at the 1931-1934 support zone.
What is your idea? You can comment below. Thanks a lot
Gold news today 02/08Some signs of recovery in the U.S manufacturing sector and construction spending boosted the dollar as markets feared that resilience in the U.S. economy will give the Fed enough headroom to keep raising interest rates.
On the H3 chart, bearish momentum is clearly formed, I think the price line will return to retest the 196x support area before continuing the downtrend, We invite you to watch today's Non-Farm newsletter for the best trading direction. Let me know your ideas below in the comments. Thank !
Gold 08/02 Before ADP Non-Farm dollar continued to drop slightlyCopper falls below $4 amid slowing global production. The outlook for the yellow metal remains hazy, especially with US interest rates set to remain higher in longer time this year.
While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term.
BUY GOLD zone 1932 - 1929
Stop Loss : 1923
Take Profit 1: 1935
Take Profit 2: 1940
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD SELL CONTINUATION 30.07.23Reason Behind XAUUSD/GOLD Sell
1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel
2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910
3.Continuation of Last W pattern still Valid and smoothen teh downtrend
Over all Possible Outcomes
XAUUSD SELL @ 1965-73
SL 2000
TP 1940
TP 2 1910
Gold - The bulls are in action.Gold 25/07 There are many disadvantages ahead.
Gold's outlook is also uncertain as US interest rates are likely to stay higher for longer. The US has not escaped the recession, the fate of the economy is still in the hands of the Fed.
BUY GOLD zone 1945 - 1947
Stop Loss : 1940
Take Profit 1: 1950
Take Profit 2: 1955
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
Gold July 18 - 1980. Target Expected.Gold prices established a new level of support amid persistent dollar weakness, while copper fell sharply on worries about importers.
The yellow metal traded close to a one-month high, tracking the dollar's slide to 15-month lows after a series of weak U.S. inflation indicators fueled fish stocks. bet that the Federal Reserve is about to hit its highest interest rate of the year.
BUY XAUUSD zone 1943 - 1941
Stop Loss : 1937
Take Profit 1: 1947
Take Profit 2: 1952
Take Profit 3: 1960
Note: Installing TP SL fully wins the market and is safe in trading
near resistance gold at near resistance level look at levels getting resistance at level of 2076, may gold condition is strong
Inflation Cools, Gold Heats Up Inflation Cools, Gold Heats Up
In June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021.
The implication of this deceleration is that it could prompt the Federal Reserve to scale back its plans for interest rate hikes. With inflation showing signs of cooling, the central bank may now be inclined to raise rates only once more throughout the remainder of the year.
In the wake of the inflation report gold prices shot up, soaring by more than 1.3%. The metal breached the $1,940 resistance level but fell just short of clearing the $1,960 overhead barrier. If further upward momentum materializes, it could pave the way for a potential retest of $1,975 and $1,980.
At the same time, the US dollar faced a steep decline, sinking to its lowest point in over 14 months. Against the Swiss franc, it tumbled to depths not witnessed since early 2015, settling at 0.8673 francs, down 1.4%. Earlier in the session, it even touched 0.8660, marking its weakest position since the Swiss National Bank abandoned the Swiss currency peg back in January 2015. Against the Japanese yen, the dollar hits a six-week low of 138.47 yen, witnessing a 1.4% decline. Additionally, the US dollar weakens by more than 1.5% against the New Zealand and Australian dollars. Conversely, the euro surges to its highest level since March last year, reaching $1.1125. The Euro trades up 1.2% at $1.113.
LONG TERM SWING BUY TRADE OPPORTUNITY IN SOUTH BANKThe stock has strongly broken the daily and Weekly Range.
Please refer the Chart for SL and TARGETS.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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