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XAUUSD ShortFOREXCOM:XAUUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
FOREXCOM:XAUUSDShort
by Phinics
Gold again retreats from 200-SMA but bears need validationGold price fades bounce off a two-month-old rising support line, failing to cheer the US Dollar’s weakness, as the 200-SMA hurdle again challenges the metal buyers ahead of the second-tier employment clues from the US. Not only the 200-SMA resistance surrounding $2,040 and the pre-data anxiety, steady RSI and sluggish MACD signals also challenge the XAUUSD buyers. Even if the quote manages to cross the $2,040 upside hurdle, a five-week-long horizontal resistance zone of around $2,065 will be a tough nut to crack for the bullion buyers before retaking control. Following that, a run-up toward the late December 2023 peak of near $2,088 will be quick to witness on the chart. Meanwhile, an ascending support line from early December, close to $2,020 by the press time restricts the short-term downside of the Gold price. In a case where the XAUUSD remains bearish past $2,020, the mid-January swing low of near the $2,000 threshold will return to the charts. It’s worth noting, however, that the quote’s weakness past $2,000 makes it vulnerable to slump toward the two-month low of nearly $1,973 before challenging the November 2023 trough surrounding $1,930. Overall, Gold Price remains pressured on a short-term basis but the sellers need validation from technical and fundamental perspectives.
OANDA:XAUUSD
by MTradingGlobal
Gold buyers attack key resistance line on NFP dayGold price rose in the last four consecutive days while defending the early-week breakout of the 21-SMA and the 50-SMA. In doing so, the XAUUSD also jumped to the highest level in a month. However, the bullion failed to provide a daily closing beyond a downward-sloping resistance line, around $2,055-56 by the press time. It’s worth noting, though, that successful trading beyond the key SMAs joins the upbeat RSI and MACD conditions to keep the metal buyers hopeful of crossing the stated upside hurdle. On the same line are the expectations of witnessing a downbeat US Nonfarm Payrolls (NFP) number, which in turn can further weaken the US Dollar and fuel the precious metal. That said, a daily closing beyond $2,056 becomes necessary for the Gold buyers to aim for the late December swing high surrounding $2,088. Following that, the $2,100 threshold will act as the final defense of the XAUUSD sellers ahead of directing the prices toward the record high marked in late 2023 around $2,150. Meanwhile, surprisingly strong US employment data and a run-up by the US Dollar, as well as the Treasury bond yields, can drag the Gold price back to the stated SMA confluence, around $2,032-30 by the press time. In a case where the quote prints a daily closing beneath $2,030, the previous monthly low of around $2,000 and December’s bottom of $1,973 will lure the XAUUSD bears. Overall, Gold buyers are likely to keep the reins unless today’s US employment data bolsters the US Dollar.
OANDA:XAUUSD
by MTradingGlobal
XAUUSD: Transactions are full of greenHello everyone! Today, the price of gold touched the levels of 2034 and 2036 USD at the beginning of Wednesday and is still mainly trading sideways as of the time of writing, although it is receiving strong support from the 2015 USD level and breaking out of the previous downtrend channel. Overall, the US dollar is regaining its position in the context of risk aversion sentiment, despite the decrease in US Treasury bond yields. All eyes are now focused on the Fed's decision on a new direction for Gold prices that does not bring profits. The daily chart shows XAU/USD trading in green for the second consecutive day as buyers gain confidence. Upon careful observation, we have noticed that gold has surpassed both the 34-day and 89-day exponential moving averages (EMA), but lacks enough strength to confirm an expanding uptrend. Currently, gold is trading near the resistance level of 2040 USD. Breaking above this resistance level will open up opportunities for further price increases in this precious metal, reaching higher levels at 2055 and 2088 USD.
OANDA:XAUUSDLong
by RKarina
Strategy to consider in the short term_ XAUUSDHello everyone! Yesterday, gold experienced a significant price increase, jumping from 2030 to 2056 USD, equivalent to nearly 26 USD. Currently, the price is adjusting and currently stands at 2040-2041 during the early trading hours of the Asian session, with prospects still favoring the buying side. Despite the DXY index showing signs of development, gold continues to demonstrate its strong recovery potential in the context of the possibility of the US not lowering interest rates anytime soon. So far, political tensions in the Middle East have not shown any signs of easing but rather continue to escalate. This is a factor that helps gold maintain its high and stable price above the $2,000/ounce threshold.
OANDA:XAUUSDLong
by RKarina
XAUUSD - Be cautious in every step!Gold prices stood firm on Monday, rising over 0.70%, supported by increased tensions in the Middle East along with the previous day's gains in the US Dollar. The XAU/USD exchange rate traded around $2031.60, down 0.07%, after bouncing back from last week's low of $2017.92. In the near term and based on the 4-hour chart, XAU/USD is neutral. It is currently consolidating its short-term uptrend, as evidenced by the potential catalyst provided by the 34 EMA, although the price is approaching the resistance level of $2040 where it has consistently reacted. The "buy on dips" trading strategy for gold continues as long as the support level of $2015 is maintained. This is because, following last week's decision, policymakers are trying to temper hopes of an interest rate cut in April, which the currency market is fully pricing in.
OANDA:XAUUSD
by RKarina
Silver expected to fall by 5-7% - #2after the gap up of 29nov there is price imbalance and buyer's liquidity is laying down under @ 68000 to 66000 zone simple if you the candle from december month youll see reds are more dominat then green and green pullbacks came from previous value zone that were not tested are acting as order block triggering the buy order of buyers BUT..... there are two more level that need to consider is 68-66000 where we can see good buying as of now while recording this analysis waiting for buy opportunity instead of going short
MCX:SILVER1!
by Jimmy_Rebello
4
How is gold price traded today?Hello dear friends, let's explore the price of gold together! Regarding the developments and outcomes of the news on January 22nd: The price of gold experienced significant fluctuations, mainly trending downwards. This is due to the strengthening of the US dollar as the Federal Reserve is unlikely to cut interest rates in March. As a result, investing in gold becomes more expensive due to higher interest rates. Conclusion on gold and trends: The price of gold is tied to a narrow range, trading around $2,021 in the Asian session on Tuesday. The market becomes cautious ahead of a busy week with policy meetings from central banks. The "buy on dips" trading strategy for gold continues as long as the significant static support level of $1,980 is maintained. Evidence shows that the price is forming a cup pattern as we have indicated on the chart. The upward trend could strengthen further if strong buying pressure is received from this support level.
OANDA:XAUUSD
by RKarina
XAUUSDAt the start of the new trading week, gold saw a slight increase in price, reaching around 2025 - 2026 USD. This marks a 0.39% recovery and an approximate 8 USD increase up to the present moment. It can be observed that over the past two weeks, the global gold price has experienced minor fluctuations, with no clear upward or downward trend. Last week, gold fluctuated within a range of about 10 USD and failed to break out even when the latest reports indicated a "cooling down" of inflation. However, everything could change in the coming days as the Federal Reserve (Fed) holds its meeting and makes interest rate decisions. Currently, the markets expect the U.S. Central Bank to maintain interest rates at the meeting scheduled for midweek and rule out any tightening possibilities in future meetings. The release of the core personal consumption expenditure price index report over the past weekend showed that the "cooling down" of inflation has led many to believe that an early easing scenario could occur. For this reason, many experts predict that the Fed will maintain a cautious tone at its first meeting of 2024, which could benefit gold.
OANDA:XAUUSD
by RKarina
Gold: DOWNTREND?"Hello everyone! Last week, the price of gold continued its slight decline, dropping from $2,029.6 per ounce at the end of the previous week to $2,018.5, a decrease of $8 after a week of trading. Gold is currently under pressure from profit-taking, in the context of recently released US economic data that could impact the Federal Reserve's decision on whether to cut interest rates sooner or later. At the beginning of this new year, the price of gold seems to be moving sideways and still holding steady above the $2,000 threshold. To make a breakthrough, the gold market needs encouraging signals from Fed officials. Some recent assessments suggest that the strong price increase of gold in late 2023 had anticipated the possibility of the Fed reversing its monetary policy. With the current caution of the Fed, profit-taking pressure on gold is increasing. At the same time, the continuous new records in the US stock market also reduce the attractiveness of gold. In the short term, gold may face some negativity, but in the long run, it is expected to continue its upward trend. This is not only due to the possibility of the Fed cutting interest rates but also due to the pressure to reduce the use of USD from major economies, including China. What about you? What do you predict for the price of gold this week?"
OANDA:XAUUSDShort
by RKarina
XAUUSDThe gold price today seems to have remained unchanged from earlier this morning, mainly ranging between 2021 - 2022 USD. Although the US GDP growth has exceeded expectations and core orders have increased, negative factors such as rising unemployment claims and inventory levels, along with reduced personal consumption, will pose challenges to the US economy. As a result, some investors have returned to buying gold. However, there are still many investors who remain on the sidelines, observing the market. Inflation in Europe has decreased to 2.9%, prompting the European Central Bank to maintain interest rates. The European Central Bank predicts that inflation in the region will gradually decrease to around 2.7% in 2024. Considering the above information, it will be difficult for the gold price to rise significantly given the positive economic growth in the US. This indicates that the world's largest economy will not experience a recession and will achieve the desired soft landing as expected by its central bank.
OANDA:XAUUSD
by RKarina
Gold price today, increase or decrease further?Gold prices today surged from $2013 to $2020 per ounce at 6 am on January 26th. The reason behind this is the improved economy of the United States and the cooling inflation in the country. Specifically, in 2023, the US GDP is projected to grow by 2.5%, a significant improvement compared to the 1.9% growth in 2022. On the other hand, after excluding food and energy prices, the US core personal consumption expenditure (PCE) index retreated to 2%. This data indicates a decreasing inflation rate in the US, which could prompt the Federal Reserve (FED) to lower interest rates in the coming months. In such a scenario, the value of the USD would depreciate, benefiting the global gold prices.
OANDA:XAUUSDShort
by RKarina
Gold bounces off key support line ahead of Fed InflationGold price stays defensive near $2,022 as bulls await the key US data to extend the previous day’s rebound from a six-week-old rising support line. That said, the US Core PCE Price Index, also known as the Fed’s preferred inflation gauge, gains additional importance this time amid reducing market bets on the US central bank’s delayed rate cuts. Should the inflation figures fail to justify the recent hawkish Fed bias, the US Dollar will reverse the gains while allowing the XAUUSD to extend Thursday’s recovery toward the $2,035-36 resistance confluence comprising the 21-SMA and a one-month-old bearish channel’s top line. Following that, $2,063 and $2,090 are likely strong challenges for the metal buyers before targeting the previous yearly top marked in December at around $2,148. On the flip side, the aforementioned support line stretched from early December, close to $2,010 by the press time, restricts the short-term downside of the Gold Price. In a case where the quote drops below $2,010, the previously stated bearish channel’s bottom line surrounding $1,988 will be crucial to watch. In a case where the XAUUSD remains bearish past $1,988, a convergence of the 100-SMA and 50% Fibonacci ratio of the metal’s October-December upside, near $1,975, closely followed by the previous monthly low of near $1,973, will be the final defenses of the buyers before giving control to the bullion bears. Overall, the steady RSI and the metal’s recovery despite the US Dollar lure buyers ahead of important US inflation data for December.
OANDA:XAUUSD
by MTradingGlobal
USDJPY: Transactions are filled with greenDear friends, currently USDJPY is maintaining a strong upward trend, reaching 147.89 in early week trading. In the short term, technical indicators continue to support the upward trajectory of USDJPY. This currency pair is attempting to recover after finding significant support around 148.00. The upward momentum may be further bolstered by the US Dollar Index (DXY) gaining traction from expectations that the Federal Reserve may cut interest rates in March.
Long
by RKarina
Gold prices continue to plummet!Hello dear friends! Gold prices experienced significant fluctuations yesterday, with the precious metal continuing to decline and reaching $2011. However, there has been a slight recovery, and it is currently adjusting back to $2015 during the early trading hours on Thursday. Accordingly, the optimistic PMI index from the United States has helped the yield on 10-year US Treasury bonds recover from its daily decrease, putting pressure on XAU/USD. From the observed chart: Gold is still trapped in a parallel downward channel and has broken the short-term uptrend trendline, as well as surpassed the support level near $2020. Prices may continue to decrease after the end of the short-term trend correction. The next target for sellers is the $2005 mark. If gold surpasses this level, it will continue to seek new momentum around $1982 and the lower limit of the downward price channel. What do you think? Do you believe gold will continue to decline further?
OANDA:XAUUSDShort
by RKarina
XAUUSDThe price of gold today continues to trade quietly with little volatility, mainly moving sideways around the $2025 level and being confined within a narrow price range. As a result, this precious metal is facing pressure as investors continue to lower their expectations of the Fed's first interest rate cut in March 2024. This factor has driven up US bond yields and the value of the USD, exerting downward pressure on the price of gold. The current focus of the market is awaiting the release of the US Gross Domestic Product (GDP) data for the fourth quarter of 2023 on January 25th, followed by the Personal Consumption Expenditures (PCE) index on January 26th. These two pieces of information are expected to help shape the Federal Reserve's monetary policy more clearly in the near future, which will have a definite impact on the trend of the global gold price.
OANDA:XAUUSDShort
by RKarina
XAUUSDIn the European trading session on Wednesday, the price of gold (XAU/USD) continued its downward trend, despite a lack of strong selling pressure. The trading range has been maintained for several days, with traders exercising caution and waiting for further signals from the Federal Reserve regarding interest rate cuts. The market's focus is currently on key economic data from the United States this week, starting with the flash PMI index today, followed by Q4 GDP figures and Core PCE Price Index on Thursday and Friday. Given the risks associated with this important data, expectations for the first interest rate cut by the Fed have now been pushed back from March to May, negatively impacting the price of gold. This is reflected in the slight decline in US Treasury bond yields, strengthening the US Dollar (USD) and limiting the recovery potential of XAUUSD. It is expected that the long-term downward trend in gold prices will continue in the near future.
OANDA:XAUUSDShort
by RKarina