JACKPOT BUY IN GOLDBullish Alt Shark
Cmp - 58055
Buy PRZ - 58019/58126
SL - 57700
Target - 58900/59475/59900
Goldtrade
XAUUSDOANDA:XAUUSD
As you can see that, XAUUSD has given a good consolidation breakout and wait for the retest entry, go for sell side. plan your trade accordingly...
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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XAU/USD 1:3.5 TradeFundamentally USD is Going to Be Super Strong because of upcoming positive events for USD
which is not good For XAU/Gold
Gold price adjusted down to $1910 after news Unemployment ClaimsThe price of gold declined yesterday after the US announced that 497,000 new jobs were created in June 2023, surpassing market expectations of 267,000. This news led to a significant appreciation of the USD and a decrease in the 2-year US bond interest rate from 5.12% to 5.04%. As a result, many investors shifted their capital into USD and bonds, reducing the flow of money into gold.
The consecutive decline in gold prices can be attributed to the strong labor market data and positive economic outlook, which alleviated concerns of a severe recession in the US. Additionally, the possibility of higher wages may compel the US Federal Reserve (Fed) to implement positive monetary policies and raise interest rates.
Jul 7's trend assessment continues the downward trend towards $1900
We can set up:
SELL GOLD ZONE: $1915-$1920 sl $1930
AND BUY GOLD ZONE at: $1880 - $1885 SL $1875
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/7/2023
Gold MCX breaking out from inverted h&sGold is forming an inverted head and shoulder pattern on the hourly timeframe, it is at a key pivot level. Any break above that will see a sharp intraday rally in the commodity.
3/7 GOLD. Expecting a short-term gold price recoveryThe Gold Price ended the previous week on a positive note, despite experiencing three weeks of consecutive losses.
However, there was a noticeable recovery as the price bounced back from the bearish channel's support, which has been in place for five weeks. Additionally, there was an upward break of a descending resistance line that had formed two weeks prior. This resistance line now serves as immediate support at around $1,917, indicating potential for short-term bullish movement in XAU/USD.
The recovery hopes are further supported by bullish signals from the Moving Average Convergence and Divergence (MACD) and the positive conditions of the Relative Strength Index (RSI) line, which is currently at 14.
Moreover, the clearance of the 50-SMA (Simple Moving Average) strengthens the upward bias for the Gold Price.
However, the dominance of Gold buyers is dependent on surpassing the 200-SMA and the top line of the previously mentioned bearish channel, which are respectively located around $1,948 and $1,954.
On the other hand, if the price breaks below $1,913, it could pose a challenge to the key support level at $1,900, which includes the bottom line of the aforementioned bearish channel.
Another downside barrier is the recent bottom around
Gold Price Forecast: XAU/USD continues to bounce off $1,900 considering Fed Minutes, US NFP, 1950 price recovery expectations
Set up: BUY GOLD zone: $1910 - $1912 SL 1900
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
GOLD 4/7 !! The bulls are gradually regaining their positionThe current economic troubles may prevent the gold price from experiencing significant declines. Concerns about a global economic downturn, especially in China, could provide some support to gold as a safe-haven asset and prevent further losses, at least for now. Even though the Chinese Manufacturing Purchasing Managers' Index (PMI) for June was slightly better than expected at 50.5, it still reflects a slowdown compared to the previous month's reading of 50.9, maintaining market concerns. As a result, traders might refrain from making new pessimistic bets on the gold price until important macroeconomic data is released in the coming month.
The struggling economy provides some backing for the XAU/USD safe-haven. Weaker economic data coming from the United States raises questions about the need for the Federal Reserve to tighten policies further, putting USD bulls on the defensive and giving a boost to the price of Gold. It's important to note that the US Bureau of Economic Analysis recently reported that the annual PCE Price Index slowed down to 3.8% in May from the previous 4.3%, and the core gauge decreased to 4.6% in April from 4.7%.
Gold price prediction today remains stable in the $1920 price zone.
Set up GOLD PRICE at zone: $1920 - $1922 sl $1910
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/4/2023
Gold Today - Step by Step RecoveryGold prices steadied after a slight overnight gain on Wednesday as investors worried ahead of the Federal Reserve's June meeting minutes, while copper fell amid concerns over the US trade war. - New Middle.
The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices.
BUY GOLD zone at : $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order)
BUY stop GOLD at : $1932 - SL $1923 (Make sure the candle will close above this price zone)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
GOLD before FOMC - Waiting for a nice BreakNow, the focus is entirely on the minutes of the Fed's June meeting, for any further signals on the direction of US interest rates.
This trend indicates that gold will come under more pressure in the coming months, although expectations of a potential recession in the US have also boosted some safe-haven demand for the yellow metal.
Gold is waiting for a break out of the 1931.5$ price zone to break out to find the target of 1940$ and 1950$ in the near term. If implementing Break out strategy. Pay attention to the nearest resistance around 1924$
SELL GOLD zone at: $1937 - $1940 - $ SL $1945
SELL GOLD zone at: $1925 - $1928 SL - $1932 (small lot)
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
GOLD bank holiday!! slight recovery in gold price in early JulyThe current stance of central banks favoring tighter monetary policies is expected to hinder the rise of gold prices. Additionally, the likelihood of a 25 basis points rate hike at the upcoming FOMC meeting, coupled with a more aggressive approach taken by major central banks, is likely to continue exerting pressure on the non-yielding gold price. Furthermore, the recent surge in global equity markets, indicating a higher appetite for risk, is expected to further limit the upward potential for gold, which is typically seen as a safe-haven asset. Therefore, it would be wise to wait for significant buying momentum before confirming that the XAU/USD has reached a short-term bottom and considering any substantial upward movement.
This week, it is predicted that the gold price is still recovering slightly, sideways around the $1910 - $1950 mark
Set up SELL GOLD price zone at: $1930 - $1932 sl $1945
Based on technical analysis indicators EMA 34, EMA 89 , resistance at $1930
GOLD 3/7 !!! The bulls are having a slight recoveryThe Gold price is being affected by a slight increase in the US Dollar. After experiencing significant losses on Friday, the US Dollar is attracting some buyers and recovering. This is seen as a key factor that is putting pressure on the price of Gold. Recent data from the United States shows that the Personal Consumption Expenditures (PCE) Price Index decreased to 3.8% in May from 4.3% previously. Additionally, the Core PCE Price Index, which excludes volatile food and energy components, went down to 4.6% in May from 4.7% in April. Despite these decreases, both indices remain well above the Federal Reserve's target of 2% and support the possibility of further tightening of monetary policy.
Today, July 3, 2023, gold price is predicted to have a slight recovery around the $1925 -$1930 mark
Set up Price Gold at:
SELL GOLD at: 1920-1922 small lot
and SELL GOLD at: $1930 - $1932 small lot
and SELL GOLD at: $1937 - $1940 sl $1950
Based on technical indicators EMA 34, EMA 89 and resistance areas to sell at the above price zones.
GOLD 3/7: Gold price in early June before a slight recoveryThe gold price might not suffer significant losses due to the current economic challenges. The concerns about a global economic downturn, especially in China, could provide some support to the safe-haven precious metal and prevent more significant declines, at least for now. Market worries persist even after the release of a slightly better-than-expected Chinese Manufacturing Purchasing Managers' Index (PMI) for June, which recorded a reading of 50.5, slightly lower than the previous month's reading of 50.9. This could discourage traders from making new pessimistic bets on the gold price before important macroeconomic data is released in the US at the beginning of the next month.
Gold price today is fluctuating at $1910 - $1920. A slight rally is forming
SET up BUY GOLD at zone : $1910 - $1912 sl 1902
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
XAUUSD OANDA:XAUUSD
XAUUSD in 4Hr Time Frame has created a falling wedge and it already given a breakout, wait for the retest and take entry buy side. plan your trade accordingly...( Its for monday 03-07-2023)
GOLD 03/7 - 7/7: Expected bullish recoveryIn the past week, central banks have indicated their intention to tighten monetary policy, leading to a drop in gold prices below $1900.
Despite the possibility of an interest rate hike and a decrease in demand for physical gold, the US economy has shown signs of solid recovery with positive GDP growth in Q1 and continued consumer demand driving GDP growth.
From a technical standpoint, last Friday's retracement suggests a possible rebound in gold prices, offering hope for a recovery.
For this week, I plan to place short-term Buy orders. To start, I will wait for the price zone between $1915 and $1912 to be retested. Once that happens, I will make a purchase with a target of $1930 and $1940 for this week.
Additionally, if the market reacts at these levels, I will also consider setting up Scalp orders at $1930 and $1940.
Gold price at the end of June is at the lowest level in the pastThe XAU/USD pair is facing downward pressure due to the modest strength of the US Dollar. Federal Reserve Chair Jerome Powell has indicated that two rate increases may occur this year, including the possibility of one at the upcoming policy meeting. Powell also stated that inflation is unlikely to reach the Fed's 2% target until 2025. These factors have contributed to the US Dollar remaining strong, which has put additional pressure on the price of Gold. However, concerns about the negative impact of rising borrowing costs on the economy may prevent traders from making significant bearish bets on the safe-haven precious metal. This could help limit further losses, at least for now.
Gold Price Prediction: XAU/USD remains stable above $1,900, US PCE Price Index anticipated to provide new momentum.
Set up SELL GOLD zone at: $1920 - $1923, sl 1933
Based on the Fibonaccy technical analysis line, the strong resistance is at the $1920-$1923 zone and sell
GOLD 1908$ - 1900$. The bulls are activating the guard forceGold traders are closely watching the potential Bear Cross on the daily chart, which is responsible for the recent decline in the price of Gold.
To confirm the bearish momentum, the Gold price needs to close below the downward-sloping EMA34 and cut through the EMA89 from above.
At the moment, the 14-day Relative Strength Index (RSI) is below the midline, indicating that there are still downward risks for the Gold price.
If the price continues to drop, it is expected to find immediate support at the low of $1,908 on March 16. If this level is breached, the price could further decline towards the $1,900 mark. The March 15 low of $1,886 will be a crucial level for Gold buyers.
On the other hand, if the price starts to rise, it will face strong resistance around the $1,930 region. Breaking above this level will challenge the bearish trend and test the confluence of the 21 and 100 DMAs at $1,944. The next significant target for the upward movement is the psychological level of $1,950.
BUY GOLD zone at: $1904 - $1900
SL $1895
SELL GOLD zone at : $1926 - $1928 - $ SL $1934 (It is best to carefully review the FOMC news before entering the order)
GOLD 30/6 $$ Gold price continues to be limited, difficultThe USD is being supported by higher US bond yields, which is limiting the upside potential of XAU/USD.
Meanwhile, Fed Chair Jerome Powell has restated that the Fed is likely to raise interest rates twice this year and does not expect inflation to reach the target of 2% until 2025. These statements, combined with positive US macro data released on Thursday, have reinforced expectations for a 25bps rate hike at the upcoming FOMC policy meeting on July 25-26. As a result, US Treasury bond yields have remained high and the USD bulls are benefiting. This suggests that the Gold price is more likely to decrease than increase.
Gold price prediction at the end of June has not yet prospered, it can be kept at $1900 1 for a short time
BUY GOLD zone at: $1895 - $1898 sl $1888
Based on technical indicators EMA 34, EMA 89 and US political economic news, buy BUY gold as the plan above
Gold price in the last days of June !! 29/6 GOLDGold prices remained subdued on Wednesday as the U.S. dollar gained strength following hawkish remarks made by Jerome Powell at a central banking forum hosted by the ECB. By late afternoon, the XAU/USD was down by approximately 0.15% to $1,910, approaching its lowest level since March 15 and heading towards a monthly decline of over 2.5%.
During a panel discussion in Sintra, the FOMC chief highlighted that the bank's policy-setting might not be restrictive enough. He emphasized that a majority of Fed officials support raising borrowing costs twice more in 2023. While some traders are skeptical about the possibility of an additional 50 basis points of tightening this year, this scenario should not be disregarded.
Despite some doubts, the U.S. economy has shown remarkable resilience thus far, and traders should not underestimate its strength. However, if incoming data continues to surpass expectations, policymakers will be compelled to move forward with their plans to raise the terminal rate to address persistent inflationary pressures.
downtrend is still strong, you can buy sell at:
SELL GOLD zone at: $1924 - $1926 sl $1936
In the short term, you can wait for the price to recover 1 beat and then sell. Based on technical indicators EMA 34, EMA 89 to determine the resistance point $1926
GOLD 29/6 $$ Gold's power is limited by the dollarThe XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target until 2025. As a result, the US Dollar remains strong, reaching a two-week high, which in turn puts pressure on the price of Gold. However, concerns about economic headwinds caused by rapidly increasing borrowing costs could prevent traders from taking aggressive bearish positions on the safe-haven precious metal. This could help limit any further losses, at least for now.
Today, gold price still tends to recover slightly, but still can't go up and down is still the main thing
Set up BUY GOLD zone $1900 -$1903
Based on technical analysis indicators EMA 34, EMA 89 , strong support zone $1900
