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XAUUSD-Triple bottom pattern formedAt the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week. If we label the short-term waves from the 1916 to 1928 area this morning, we will see that 5 short-term waves have completed, so the probability this evening may continue to confirm another selling phase back into the market. sidedway border. If you trade, please note that you should only trade around the upper and lower borders and reduce the trading volume. It is expected that if selling pressure occurs, GOLD will fall back around the 1922 - 1923 area.
OANDA:XAUUSD
by Mars_Hunter
1
Non-Farm Employment Change trading planUS Dollar Index continues to recover while gold comes under some fundamental pressure holding back the upside as core US Personal Consumer Expenditure (PCE) Price Index (PCE) data for August improved a bit. little. The US Nonfarm Payrolls (NFP) report, due out today, is expected to bring huge volatility across the market as it will shape the Fed's capabilities going forward. news trading strategy: SELL GOLD 1955-1957 SL 1962 BUY GOLD 1924-1926 SL 1919
OANDA:XAUUSD
by Mars_Hunter
4
XAUUSD_ Analysis August 28, GOLD has vitality again⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that the Fed will proceed "with caution" when deciding on its next policy move. ⚡️Powell's message on Friday was in line with mixed signals from other Fed officials in the run-up to the meeting. Philadelphia Fed President Patrick Harker told CNBC he doubted the central bank would need to raise rates again, but also said he wasn't ready to predict when rate cuts might begin. Boston Fed President Susan Collins said on Yahoo Finance's video channel that interest rates could be near or at their peak, "but could certainly increase further." ⚡️Plan: BUY XAUUSD price 1907-1909. SL 1903. TP 1915, 1920
OANDA:XAUUSDLong
by Mars_Hunter
4
XAUUSD-Gold found in 1952 was just an accidentGold price today continued to maintain a downtrend and traded around 1925 usd/ounce. It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week. In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on September 13, the US announces that the August inflation index fell exactly or lower than the forecast of 3.2%, gold will continue to face difficulties. Trading plan: XAUUSD Sell zone 1933 - 1935 SL 1939 TP 1915
OANDA:XAUUSDShort
by Mars_Hunter
EURUSD This weekEUR/USD is extending its sideways trading in the European session on Thursday. The pair lingers near three-month lows, as the US Dollar clings to recent gains amid a risk-off market profile. EU/ US data and Fedspeak awaited. The EUR/GBP cross gains momentum above the mid-0.8500s during the early European session on Thursday. The cross currently trades near 0.8576, unchanged for the day. The latest data revealed on Thursday that German Industrial Production (IP) for July fell -2.1% YoY from a 1.5% drop (revised from a 1.5% drop) in the previous month. On a monthly basis, the figure dropped 0.8% versus a 1.4% decline in June and below the expectation of a 0.5% drop. However, the Pound Sterling (GBP) is weakened against the Euro as the Bank of England (BoE) Governor Andrew Bailey's dovish remark on Wednesday that the central bank is much closer to ending its hiking cycle.
by Mars_Hunter
Still no breakthrough in the new weekGold prices attracted renewed buying pressure on the first day of a new week and continued to rally above $1,945 during the Asian session. . The mixed monthly jobs report from the United States (US) on Friday ensures that the Federal Reserve (Fed) will keep interest rates unchanged at its September policy meeting, so this is considered is beneficial for Gold prices, but not favorable. In fact, NFP headlines show the US economy added 187,000 jobs in August, well above market expectations. However, last month's figure was revised down from 187K to 157K. In addition, the unemployment rate increased to 3.8% from 3.5% in July and Average Hourly Earnings decreased to 4.3% YoY from 4.4%. The data showed that the labor market slowed slightly and left the Fed with less room to continue raising rates.
OANDA:XAUUSD
by Rancy-SuperTrend
Forecast for Non-FarmGold prices attracted new sellers after the Asian session jumped to the $1,944 region on Friday and hit a new daily low in the past hour, albeit to no avail. XAU/USD is currently trading just below $1,940, virtually unchanged today, as traders patiently await closely watched monthly jobs details from the United States (US) ahead when betting in new directions. The widely known Nonfarm Payrolls (NFP) report will be released during the first North American session and will influence expectations about the Federal Reserve's (Fed) next policy move. . This, in turn, will determine the short-term volatility of the US Dollar (USD) and provide a meaningful boost to Gold prices. Meanwhile, uncertainty over the Fed's future path to rate hikes did not aid the USD in capitalizing on the overnight recovery from a two-week low and acted as a drag on commodities. Goods are priced in US dollars.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold will regain balanceGold prices traded with a negative bias for the second consecutive day on Tuesday, although lacking continuation and remaining within the familiar range maintained over the past week or so. XAU/USD is currently placed just below $1,940, down less than 0.10% on the day and pressured by a combination of factors. Despite signs that labor market conditions in the United States (US) are easing, the Federal Reserve (Fed) is expected to keep interest rates higher for longer. Furthermore, markets are still pricing in the possibility of another 25 basis points (bps) hike later this year. This, in turn, remains supportive of rising US Treasury yields, providing some support to the US Dollar (USD) and weakening non-yielding Gold prices.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold Market Analysis: Growth Prospects Next WeekGold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. On the hourly time frame, the ascending channel resistance was previously broken, all expectations are for further growth, I told you there is a possibility of a false breakout. On Friday, after the release of the non-agricultural employment data and the unemployment rate, the market fluctuated in two directions, and the price returned to the boundary of the ascending channel (false breakthrough), and the closing was still an alternative to the ascending channel (false breakthrough). ). The opening price of the channel. Friday meeting. The market is weak. As the DXY US dollar index is testing strong resistance around 104.5, a break of this area will lead the price towards 105.5, which will have a negative impact on the formation of gold prices. SIGNALS: BUY GOLD zone 1934-1936 SL 1930 TP 1940,1950
TVC:GOLDLong
by Mars_Hunter
What to do after sudden gold rise?🌸Hello everyone, it's a pleasure to share and explore the market with you today. Currently, the gold market (August 24) has increased significantly compared to the previous session. Gold has now far outstripped a dangerous $1,900 price point after economic data from Europe showed a less positive purchasing managers index (PMI), prompting investors to ramp up their purchases of gold to hedge risks. . 🌸Specifically, PMI in this region in August was 43.7 points, higher than 42.7 points in July and higher than the forecast level of 42.6 points. However, this is still far short of the 50-point expansion threshold for manufacturing. 🌸The best trend today you can wait for gold to test about one business and then buy. 🌸You can set up buy order at 1910-1908 SL 1903 TP 1920.1925
OANDA:XAUUSDLong
by Mars_Hunter
1
Gold price today August 31: Gold reached a 3-week peakGold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors has improved, as China continues to implement measures to stimulate the economy, which are positive factors for gold prices. Short trading plan: Sell Gold 1953-1955 SL 1960 Plan nonfarm Buy Gold 1933-1935 SL 1928 Sell gold 1965-1967 SL 1973
OANDA:XAUUSD
by Mars_Hunter
1
GOLD - Quickly catch the rebound of goldThis morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks. The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal. Gold prices continue to maintain a solid recovery but there is still a potential risk that it will be lower in the near future because this week there is still a lot of economic news that strongly affects Gold prices.
TVC:GOLDLong
by Mars_Hunter
2
Waiting for new developmentsGold (XAU/USD) prices defended the previous weekly recovery, for the first time in five weeks, as it rallied for the second day in a row amid broad-based US Dollar weakness. Also, the strength for the XAU/USD rally is cautious optimism in the market, as well as falling Treasury yields. It is worth noting that the US Dollar Index (DXY) encourages reliance on Fed policymakers' data and the recent mixed US data, as well as the continued decline in interest rates. US Treasury yields from multi-year highs marked last week.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold suddenly exploded violentlyGold prices traded actively for the fourth day in a row on Thursday and are currently hovering just below the $1,920 region, or near a two-week high hit the previous day. However, XAU/USD lacks bullish confidence, needing caution before continuing the recent bounce from the $1,885 region or the lowest since March 13 and hitting this week's top. Amid worsening economic conditions in China, a series of manufacturing surveys released on Wednesday painted a bleak picture of the health of the global economy. Furthermore, dismal macro data for the United States (US) showed that business activity in the country with the largest economy in the world approached the point of stagnation in August.
OANDA:XAUUSD
by Rancy-SuperTrend
2
Gold is still around 1920Gold prices traded near $1,915 per troy ounce during the Asian session on Monday, extending last week's gains. The recent drop in the US Treasury bond yields (US) helped push the yellow metal to recover. Additionally, moderate US economic data released last week along with mixed statements from major central bank officials at the Jackson Hole Symposium, underpinned Gold prices. With that said, U.S. Durable Goods Orders in July fell 5.2% from the market consensus of 4%, ranging from 4.4% in June. However, Initial Jobless Claims showed favorable employment conditions, raising concerns about the US inflation scenario. For the week ending Aug. 18, the index fell to 230K from 240K previously, which is expected to remain steady.
OANDA:XAUUSD
by Rancy-SuperTrend
GOLD FUTURES (mcx) update price is in side ways phase on medium time frame which mean on lower time frame price will react as buy on low and sell or rise the range is 59050 resistance and 58280 currently the price is trading at resistance level on 15m triangle pattern is forming , which is in between of medium time frame pattern , on medium time frame there is bearish flag so im keeping my bias on sell side and predicting that price we make breakout from triangle pattern and then form a fake out and price will try to go back at support of 58500-58250 this is my pov dont trade blindly on it use it as a confluence for your own analysis
MCX:GOLD1!Short
by Jimmy_Rebello
GOLD sideway waiting for Jackson Hole During the Asian session on Friday, gold prices faced challenges in maintaining their streak of success, hovering around $1,915 per troy ounce. The current focus is on the recovery of the precious metal after experiencing losses over the past four weeks. This anticipation stems from an upcoming speech by Jerome Powell, Chairman of the US Federal Reserve, at the Jackson Hole Symposium. Despite a stronger US Dollar (USD), gold has displayed resilience due to conflicting discussions within the Fed at Jackson Hole and a recent decrease in bond yields from United States treasury. Additionally, recent economic data from the United States has played a role in supporting XAUUSD's stability amidst these circumstances. You can set up a SELL order around the price zone 1923-1925. SL 1930. Have a nice day
OANDA:XAUUSDShort
by Mars_Hunter
3
GOLD sideway waiting for positive signsGold price remains well above key short-term support around $1,897, including one-week Fibonacci 38.2%. Also, setting a solid floor for XAU/USD is a convergence of the 5-DMA and the previous monthly low, around $1,905. It is worth noting that the one-day 161.8% and 61.8% one-week Fibonacci join S2 one day of the Pivot Point to add strength to the $1,905 support. Meanwhile, the one-day 61.8% Fibonacci, the Bollinger middle band above the one-hour high and the previous weekly high together limit the Gold Price's immediate upside near $1,920. In the event that the bulls break through the $1,920 barrier, Gold Price will rally towards the one-week 161.8% Fibonacci match, the one-day R3 of the Pivot Point and the 4-hour 200-SMA, near $1,937. can be excluded.
TVC:GOLD
by Mars_Hunter
Gold prediction for the new weekGold (XAU/USD) is marking an unimpressive start to the week trading around $1,890, after having fallen for the past four weeks in a row. With that said, Gold prices are filling the gap at their lowest levels since March while struggling to gain traction amid the market's cautious mood ahead of this week's top data/events. However, a stronger US Dollar will put downward pressure on XAU/USD even if technical analysis signals a corrective rally. The US Dollar Index (DXY) has been rising for the past five weeks in a row and is affecting the Gold Price.
OANDA:XAUUSD
by Rancy-SuperTrend