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Goldtradingstrategy

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
Gold is recovering slightlyGold prices edged up slightly higher and attempted to continue their gains on Tuesday. XAU/USD hovers around $1,900/troy ounce during the Asian session on Wednesday, having found signs of recovery after 4 consecutive weeks of default losses despite a firmer US Dollar (USD). However, growing risk aversion and concerns about the Chinese economy are weighing on Gold prices. These factors can impact the total action value. The US Dollar Index (DXY), which measures the greenback's performance, therefore, for the six major currencies, picked up resilience on Tuesday and ended the day with gains. At the time of writing, DXY is hovering around the 103.50 level. Falling US Treasury yields and falling US home sales could put the greenback under pressure.
OANDA:XAUUSD
by Rancy-SuperTrend
3
Slight retracement before the uptrend ⚡️⚡️Gold continued to trade at a 5-month low after the minutes of the July monetary policy meeting of the US Federal Reserve (Fed) were released. The minutes showed that the majority of the bank's officials continued to prioritize fighting inflation, while only a few pointed to the risks to the economy by pushing interest rates too far. ⚡️Yields on 10-year US government bonds hit a 10-month high shortly after the release of Fed minutes, pushing the dollar to its highest level since mid-June, easing attractiveness, driving investors away from non-yielding assets like gold. ⚡️Experts said that the loosening monetary policy of the central bank will help the economy recover better, when consumers can easily access loans for shopping. Financial investors will gradually shift capital from capital-preserving assets such as gold to investing in production and business industries or other profitable assets. This has caused gold to lose its position in the market. ⚡️The gold market is oscillating around the critical level - $1,900, a level where neither the bulls nor the bears have been able to establish a clear direction. ⚡️You can set SELL around 1903-1905, SL 1910, TP 1895, 1890. Wish you successful trading.
TVC:GOLDShort
by Mars_Hunter
1
XAUUSD-Gold price after Powell SpeaksGold price (XAU/USD) faces an intense sell-off as Federal Reserve (Fed) Chair Jerome Powell remains hawkish at the Jackson Hole Symposium. The precious metal dropped significantly as Jerome Powell kept doors open for further policy tightening. About the labor market, Fed Powell conveys that the labor market is extremely tight and warrants more rates from the central bank. Fed policymakers: Boston Fed Bank President Susan Collin and Philadelphia Fed Bank President Patrick Harker commented on Thursday that the current interest rate level is enough to do the required job. The US economy is still resilient due to a tight labor market and easing inflation, but further policy-tightening by the Fed could dampen market sentiment. With my prediction gold will fall sharply after Monday evening meeting Fed Chair Powell Speaks and Jackson Hole Symposium
OANDA:XAUUSDShort
by Mars_Hunter
Gold and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US. Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week. ⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark. ⚡️BUY XAUUSD: 1878 - 1880 ❕Stoploss : 1875 ✔️Take Profit : 1885 ✔️Take Profit : 1890 ✔️Take Profit : 1895 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDLong
by Mars_Hunter
1
Gold has found a bottom after a continuous decline of 1 month?⚡️Gold price today on August 21 continued to decline and reached 1891 due to the increase in USD and bond yields. ⚡️The gold market was under pressure as US Treasury yields and the dollar index rose. Yields on 10-year US Treasuries hit their highest level in 15 years. The USD index recorded a 9-week high, closing the session at 103 points. ⚡️Bond yields rose ahead of the possibility that the US Federal Reserve (Fed) would maintain the current high interest rates, not to mention the Fed may continue to raise interest rates in September. That creates a challenging environment for gold, which means gold prices are unlikely to rise in the near ter ⚡️Trading plan you can watch to sell gold around the price zone 1903-1905. then the 1906 price zone will become a strong support zone. You can consider buying gold at this price range. expect gold to recover to 1911.
TVC:GOLD
by Mars_Hunter
Gold recovers but remains low⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases. ⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as inflation remains high. ⚡️This will create conditions for the Dollar to continue to dominate the entire market, causing pressure on gold, silver, etc. and other major currencies to correlate. ⚡️Traders will be eyeing the Jackson Hole symposium this weekend, which brings together economic policymakers from around the world. This event is notable and is expected to create strong swings in the market because it can help clarify the monetary policy direction of major central banks, providing more direction to the market. foreign exchange and help determine the direction of gold prices in the short and medium term.
OANDA:XAUUSD
by Mars_Hunter
GOLD - Scalping StrategyGold prices slightly extended its gains and successfully continued a third day of gains. TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD). However, a stronger recovery is unlikely at the moment. After days of continuous decline, gold finally showed signs of changing the trend. At first, we can look at the problem as follows: 1. Economic data in the US is showing signs of getting better 2. Inflation may not reach the target of the Fed, but it can also be called cooled down 3. The economic data is giving clearer evidence of the US economic scenario will have a soft landing if the FED is ready to QE after this period. => From the above points, I think that Gold is still in a downtrend, and this rally may not be as strong as expected. You can set up sell order at price zone 1905-1907 SL 1913 TP 1900,1895
TVC:GOLDShort
by Mars_Hunter
1
Gold trading plan on 23/08/2023⚡️World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday. ⚡️In yesterday's trading session, 8/22. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after hitting a five-month low in recent times. ⚡️In the afternoon session on August 22, the world gold price once crossed the threshold of 1,900 USD/ounce. However, because the USD and US Treasury bond yields remained strong, attracting money flows, gold price turned back slightly below the threshold of 1,900 USD/ounce. ⚡️The market looks quieter as traders and investors alike turn their attention to the Federal Reserve's (Fed) annual economic symposium to be held this weekend in St. Jackson Hole, Wyoming. All are waiting for Fed Chairman Jerome Powell's speech for clues on the interest rate outlook. ⚡️Trading strategy: You can set a sell order at 1907-1910. SL 1915 TP 1900,1895
OANDA:XAUUSDShort
by Mars_Hunter
XAUUSD : Waiting for recoveryGold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US data to boost US Treasury yields. and the US Dollar, which in turn affects XAU/USD. Moving on, the absence of key data/events could allow Gold Price to consolidate recent losses to multi-day lows. However, a wave of risk aversion and more stable yields could keep the US Dollar afloat, thus boosting XAU/USD recovery unless witnessing any strong positive data/news Which force can affect the Greenback and improve the mood.
OANDA:XAUUSD
by Rancy-SuperTrend
Gold Comment 18/08 – Strong recovery but downtrend is still ther⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then plummeted away from this point. At the same time, the 20 SMA is stable at the top, compatible with the overall bearish direction. Importantly, technical indicators have hit negative levels, showing the strength of sellers. Finally, the technicals are mostly bearish, with the Relative Strength Index (RSI) sliding into the oversold zone. BUY XAUUSD price range: 1882 - 1884 Stoploss : 1877 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
TVC:GOLDLong
by Mars_Hunter
1
Gold prediction for todayGold yesterday had a bearish day setting a new 1903 low as the greenback continued to strengthen. Positive economic data last Friday boosted USD demand. These numbers raise concerns that the Federal Reserve could still raise interest rates further at its next meeting in September, even as markets still widely expect the Fed to end its bull run. interest rate. 103.5 is the strong resistance of USD, if it is crossed, the target for USD upside momentum will be 104.5. There may also be a correction here There are a lot of important economic data from the United States scheduled to be released today. Retail sales are expected to increase 0.4% in July. Additionally, the Empire State Manufacturing Index in New York will also be released. Gold price promises to be very exciting
OANDA:XAUUSD
by Rancy-SuperTrend
Will it break 1900 in the European session?On August 14, the world's third largest economy, Japan, announced GDP growth in the second quarter of 2023, with an impressive increase of 6% compared to the same period last year, much higher than the expected level. previously reported is 3.7% and forecast is 3.1%. Along with positive economic information, the USD continued to strengthen. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies increased by 0.25% compared to the previous session, to 103,170 points. When the dollar is strong, investors withdraw capital from gold to reduce deposit costs as well as find profitable investment channels. Therefore, pushing the gold price down deeply, there is no chance to reverse and increase again.
TVC:GOLD
by Rancy-SuperTrend
GOLD : Prediction of gold in Europe and America15 minutes ago Open interest in gold futures markets extended the uptrend for another session on Tuesday, this time by around 3.4K contracts according to preliminary data from CME Group. At the same time, volume increased by nearly 45,000 contracts after two consecutive daily declines. Gold prices extended the pessimism in the first half of the week amid increased open interest and volume. On the contrary, the precious metal looks poised to extend its decline in the near term and with the immediate target of the June low of $1893/troy ounce.F
TVC:GOLD
by Rancy-SuperTrend