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Goldtrend

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
TVC:GOLDLong
by Cindy_FX
3
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 !
OANDA:XAUUSDShort
by Cindy_FX
9
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
TVC:GOLDShort
by DNA_TradingFX
XAU USD Bullish ChanceHello traders! Today, I am sharing a strong trade idea for XAUUSD that could potentially result in profits. The gold price has been showing a bullish momentum, making higher highs and higher lows (HL) on the daily chart, indicating a potential uptrend. My suggestion is to consider buying XAUUSD from 1942.50, with a stop loss at 1935. The first target is at 1953.50, which could potentially result in a profit of approximately 75 pips. The second target is at 1863, which could yield a profit of approximately 180 pips. As always, it is important to consider risk management strategies and remain vigilant, as unexpected events and news could impact the markets. In conclusion, I believe that buying XAUUSD using the higher highs and HL analysis could be a profitable trade idea. Thank you for following my trade idea, and I wish you all the best in your trading journey. Happy Trading! Disclaimer: This trade idea is for educational and informational purposes only. Trading in the financial markets involves risk, and past performance is not necessarily indicative of future results. Before placing any trades, you should carefully consider your financial situation, risk tolerance, and trading experience. Please be aware that trading in the foreign exchange market, particularly with leveraged instruments such as CFDs, involves significant risks and may not be suitable for all investors. The author shall not be liable for any losses incurred as a result of using this trade idea. Traders should always trade at their own risk and responsibility.
FXOPEN:XAUUSDLong
by VISH_VIN-Traders
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
TVC:GOLDLong
by DNA_TradingFX
9
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.
BLACKBULL:XAUUSD
by BlackBull_Markets
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
TVC:GOLDShort
by DNA_TradingFX
9
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
OANDA:XAUUSDLong
by DNA_TradingFX
16
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 - $1943
TVC:GOLDLong
by DNA_TradingFX
20
GOLD before FOMC - Waiting for a nice BreakNow, the focus is entirely on the minutes of the Fed's June meeting, for any further signals on the direction of US interest rates. This trend indicates that gold will come under more pressure in the coming months, although expectations of a potential recession in the US have also boosted some safe-haven demand for the yellow metal. Gold is waiting for a break out of the 1931.5$ 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
OANDA:XAUUSDShort
by DNA_TradingFX
19
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
TVC:GOLDShort
by DNA_TradingFX
14
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.
OANDA:XAUUSDShort
by DNA_TradingFX
18
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-$1923 zone and sell
OANDA:XAUUSDShort
by DNA_TradingFX
14
GOLD 1908$ - 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)
TVC:GOLDShort
by DNA_TradingFX
20
GOLD 29/6 ? Gold has collapsed below $1900Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline. The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility of further interest rate hikes. ECB President Christine Lagarde recently commented that inflation in the Eurozone is entering a new phase that could persist for some time. Lagarde also mentioned that the central bank is unlikely to confidently say that peak rates have been reached in the near future. BoE Governor Andrew Bailey, speaking at the ECB conference, suggested that interest rates could remain at their peak levels for a longer period than what traders currently anticipate. Gold price today is approaching the price range $1900-$1903 BUY zone at: $1900 - $1903 Based on technical analysis indicators EMA 34, EMA 89 , strong support zone 1900
OANDA:XAUUSDLong
by DNA_TradingFX
20
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
OANDA:XAUUSDLong
by DNA_TradingFX
13
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
OANDA:XAUUSDShort
by DNA_TradingFX
19
XAUUSD 28/06: Where does Gold go after Fed Speaks?OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging. Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday. The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain. So, the nearest support is at $1,908, a breakout of which will open exchanges towards $1,900. Going further, $1,886 will be the limit for Gold buyers (March 15 low). On the other hand, a strong resistance is seen near the $1930 area, above which $1944. The next relevant upside target is seen at the psychological $1950 level. You might consider Selling gold around 1943 – 1940 And my goal will be 1933 – 1920 You might consider Buying gold around 1902 – 1905 And my goal will be 1908 – 1922 Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
OANDA:XAUUSDShort
by SupperTrading-FX
11
GOLD 26/6 $$ The bears are still dominant ?Friday’s rebound in gold prices came on the back of diminishing open interest and suggests that the continuation of the rebound appears unlikely for the time being. In the meantime, the yellow metal remains bolstered by the $1910 per troy ounce for the time being. Today, Gold price still stays at $1920 - $1930 Can SELL zone at SELL GOLD $1931- $1934, Sl 1944 According to technical analysis, the support zone $1910 support is quite strong, combine 2 moving averages EMA 34, EMA 89 so that the downtrend project still prevails.
TVC:GOLDShort
by DNA_TradingFX
17