Get started

Metals

Latest gold update today, should note what?Gold prices fell today in the context of the unexpected increase in the USD Index from 104 points to 105 points. This has given impetus to the USD to appreciate against 6 other major currencies, including the Euro, JPY (Japanese Yen), GBP (British Pound), CAD (Canadian Dollar), SEK (Swedish Krona), and CHF (Swiss Franc). Meanwhile, the 10-year US bond yield reaching 4.64% per year has prompted many to invest in bonds. As a result, the flow of money into precious metals has been limited. Today, gold prices faced additional downward pressure. On the other hand, investor sentiment is highly optimistic as most central banks are believed to have completed their interest rate tightening cycle. Additionally, the temporary easing of military conflict between Israel and Hamas has encouraged capital outflow from safe haven assets, including gold. Exiting the uptrend channel has led to an impressive price decrease at the time of writing, with gold trading at $1974. In the near future and according to the 4-hour chart, the next target level could potentially be the support level at $1965.
OANDA:XAUUSDShort
by Samson-FX
Bull flag challenges Gold sellers, Fed Chair Powell eyedGold price remains pressured at the lowest level in two weeks, down for the third consecutive day, as market players await Federal Reserve (Fed) Chairman Jerome Powell’s speech. That said, a downside break of the 100-SMA joins the bearish MACD signals to keep the XAUUSD bears hopeful. However, a bull flag chart formation defends the commodity buyers unless the quote stays beyond the $1,960 level comprising the stated flag’s lower line. In a case where the bullion prices remain weak past $1,960, the 200-SMA level surrounding $1,921 will act as the final defense for the buyers. On the contrary, the Gold Price recovery needs validation from the 100-SMA level of around $1,975. However, a confirmation of the next bull run could only be made if the XAUUSD manages to defy the short-term bearish channel pattern, forming part of the bull flag, by crossing the $2,000 round figure. Even so, the monthly high of around $2,010 and the $2,050 round figure might test the commodity’s upside before pushing them toward the yearly peak of $2,067. Overall, the Gold fades bullish momentum ahead of the week’s key event. However, the chart formation can surprise the markets with a fresh run-up if Powell advocates one more rate hike in 2023.
OANDA:XAUUSD
by MTradingGlobal
Gold continues to show the strength of price increaseSamson, hello everyone! Last week, we received a lot of significant news, including the Fed's interest rate decision. Despite that, gold has maintained its strong upward momentum, trading around $1985 per ounce in the past week, with a few small touches of $2000. Currently, gold has paused at $1992 and shows no signs of stopping its price rally, indicating its long-term growth potential is still intact. The previous uptrend was broken at $1987, but gold quickly formed a new uptrend channel and is still operating well within that trend. The next target for this precious metal will be to reach the $2005 level in the coming week and conquer the weekly high at $2010.
OANDA:XAUUSD
by Samson-FX
2
What changes in gold price at the beginning of the new week?Hello everyone!! Today: Gold prices touched the $1990-1991 mark at the beginning of Monday and performed well in an upward trend on the 4-hour chart. Instead of worrying about the Israel-Hamas conflict, the market will now shift its focus to the Federal Reserve's interest rate cuts, with the only question being when and how much. The catalyst for gold's sustained recovery will be lower interest rates in the US and a weaker USD, both of which are gradually taking shape. Difficulties in the bond market and hesitation from the Fed could significantly increase the price of gold.
OANDA:XAUUSDLong
by Samson-FX
Gold continues to increase? XAU!!At the time of writing, the US Dollar Index (DXY), the value of USD against a basket of global currencies, fluctuated around 106.17 after rebounding from a weekly low of 105.81. US Treasury bond yields remain low, with the 10-year Treasury bond yield at 4.663%, the lowest since October 13. The market is confident that the Federal Reserve (Fed) is nearing the end of its tightening cycle, as Fed Chair Jerome Powell made it clear that financial conditions will need to be tightened to avoid further interest rate hikes. This puts pressure on the Greenback and supports gold priced in USD. Upcoming Gold News: Attention on Friday will focus on the US Non-Farm Payrolls data. Additionally, the Unemployment Rate and Average Hourly Earnings for October will be released. Traders will take cues from the data and look for trading opportunities around the price of gold. Samson's perspective is that gold will continue its upward trend, currently consolidating around the $1980-$1990 range. It is possible that this Friday, there could be a significant increase in gold prices during the US session.
OANDA:XAUUSDLong
by Samson-FX
Gold recovered in the short termSamson greets everyone! Similar to yesterday, gold experienced significant fluctuations after the evening news and quickly returned to trading around $1987, with little change compared to the same time yesterday. Gold prices are seeking support from the weak performance of the US dollar and low interest rates on US Treasury bonds as they try to stabilize after significant losses caused by uncertain policies of the Federal Reserve. In Samson's personal opinion, the low level of $1977 may be tested once again and then be considered an important support level to push gold prices back up.
OANDA:XAUUSD
by Samson-FX
XauUSD - Maintain a good increase in 1980 USDHello everyone! Today, gold has seen a slight increase in price as people speculate that the Federal Reserve (Fed) will have a softer monetary policy. As a result, the value of the USD has cooled off a bit. However, the upward momentum of gold has been restrained as the USD continues to rise due to the challenging economic conditions in many countries and the tendency of their central banks to loosen monetary policies. At the time of writing, the price of gold is trading at $1988. The resistance level is seen at $1992, and there is a possibility that gold will retreat from this level and seek support around $1972. If it respects this support level, there is a potential for gold to increase towards the medium-term target of $2005 by next year.
FOREXCOM:XAUUSDLong
by Samson-FX
GOLD: Gold technical analysis todayYesterday, the D1 gold frame created a spinning candle, it can be seen that the dispute between buyers and sellers is taking place very fiercely. Today there will be very important news about the USD and these nonframe payrolls news will have a very strong impact. big enough to be golden. Yesterday the SPDR fund did not trade and it is possible that they are waiting for news today to buy or sell. The H4 stochastic indicator is going up even though the histogram is growing negative for a very short time. On the daily chart, the stochastic is trending down and the histogram is also getting lower, showing that the buying impulse has begun to weaken. According to today's technical analysis, gold will continue sideways in the range of 1990-1983 and we should close our orders before the news happens.
TVC:GOLD
by TheForexFamily
XauUSD - Continue to decreaseHello everyone! Gold has cooled down after yesterday's news, moving away from the $2000 mark and trading around $1980 at the start of today's session, a decrease of 0.18% throughout the day. Gold declined under pressure from a strong US dollar index, a decrease in crude oil prices, and a slight increase in US Treasury bond yields. Additionally, precious metals faced selling pressure from short-term futures traders after a recent strong rally. In the short term outlook, the US Dollar Index (DXY) opened at 106.67 points. Therefore, there is a possibility of gold declining in the short term. Samson's view is that prices could find support at $1966 and even $1955. Afterward, we can expect gold to increase in value from this resistance level.
OANDA:XAUUSD
by Samson-FX
Gold pares weekly loss below $2,000 on NFP dayGold price edges higher after bouncing off 50-EMA as markets brace for the US employment report for October. In doing so, the XAUUSD rises for the second consecutive day but remains on the way to posting the first weekly loss in four. That said, the steady RSI and sluggish MACD suggest a gradual recovery in the metal’s price. The bulls, however, need validation from a six-week-old rising resistance line surrounding $2,015. Ahead of that, the $2,000 threshold guards the immediate recovery of the bullion while a clear upside break of $2,015 will allow buyers to challenge the yearly high marked in May at around $2,067. On the contrary, the 50-EMA level of around $1,980 restricts the immediate downside of the Gold price. Following that, a two-month-old horizontal support zone around $1,953-48 will be a tough nut to crack for the XAUUSD bears. In a case where the precious metal manages to keep the reins past $1,948, the mid-September bottom of near the $1,900 psychological magnet will act as the final defense of the commodity buyers before leaving the battle zone. Overall, Gold lacks bullish momentum ahead of the US Nonfarm Payrolls (NFP) day while snapping a three-week uptrend. The bears, however, need to conquer $1,948 and gain support from a firmer US employment report for conviction.
OANDA:XAUUSD
by MTradingGlobal
Impressive target 2050 USD, gold increased sharplyHello dear brothers and sisters! The Gold weekend trading has concluded with a complete victory for the bull side as the price reached $2000, in line with market expectations. Overall, Gold maintained a relatively stable upward trend around $1990 - $1970 throughout the week, although there were no significant breakthroughs. The support level of $1980 acted as a catalyst to push the gold price higher, with an expected increase to $2050, with some short-term corrective declines. The only question now is how long it will take to reach this figure. The upcoming week promises to be an interesting and exciting trading week. What is your perspective?
OANDA:XAUUSD
by Samson-FX
2
Short -term analysis of gold todayDear friends, Gold is currently narrowing its price range, indicating a significant decline in the near future. However, in my opinion, this adjustment is only temporary as the conflict in the Middle East is considered noteworthy and the current trend of Gold depends on it. This decline could bring Gold back to its support level around $1950. Maintaining a strong hold above this support level will drive Gold to a robust growth around $2000 before any further catalysts push it to continue rising.
OANDA:XAUUSD
by Samson-FX
5
Supports retesting and fluctuations before FED newsContinuing to consolidate after breaking the resistance level of the triangle. The retest of the support level has formed, but the market reaction is still weak. The market is anticipating news to come in on Wednesday. Market volatility has decreased as traders await upcoming news. The situation in the Middle East has not improved, leading to increased interest in gold. However, traders are being cautious in their trading activities due to the news and reports. There is a possibility that prices will test the $1987 level due to the tense situation. I want to emphasize that any market reaction can lead to price increases. The market seems to be supporting an upward trend, so the levels of $2020 and $2025 are highly regarded. But before the news, volatility will decrease. What are your thoughts? Do you agree with me.
OANDA:XAUUSDLong
by Samson-FX
Gold price today, continues to increase sharplyHello everyone! Let's explore the Gold market with Samson today. On Wednesday, we have ADP and interest rate announcements. On Thursday, we have unemployment figures. On Friday, we have Non Farm data and news about the war, which also needs to be monitored. But currently, the situation is still unclear as communication has been cut off. You need to be cautious. The price of gold is currently fluctuating around the resistance level of $2000 and has become quiet as it is unable to break through this resistance. However, the outlook for gold prices still maintains a good level, indicating strong fighting capabilities on the gold side. At the time of writing, gold is at $1995.
OANDA:XAUUSD
by Samson-FX
Gold continues to conquer high levels on 2020 USDThe global gold market has witnessed strong buying activity in the past two weeks. Investor demand for safe havens has increased amidst escalating tensions in the Middle East. Gold prices have marked their third consecutive week of gains. At the time of writing, the Gold market is trading at $2000. Based on the 1-hour psychological level analysis chart, $2000 currently acts as a resistance level for gold. It is expected to quickly push back against this price increase, although gold may not see a significant decrease. The expected support level could be around $1985, followed by a reestablishment of the upward trend for this precious metal. The year 2020 is being highly anticipated by gold buyers during this time. This week, we will receive two pieces of news on November 1st and November 3rd that will make gold even hotter than ever.
OANDA:XAUUSD
by Samson-FX
Gold MCX: Trading in one thousand-Point RangeGold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before making any trading decisions.
MCX:GOLD1!
by iamrk7
Gold near to ATHGold maintaining the bullish structure and moving higher day by day and now trading above 2000.On Daily TF also it is under bullish pressure and maintaining the HH structure. This week main event is FOMC and before that we can expect some range bound trend but as you know that current gold bullish rally is also supported by middle east war. On Intra day TF watch the Pivot Level carefully above this we can look for buy opportunities and we can target last year High . *(No candle closing under PDL on Daily TF)
PEPPERSTONE:XAUUSDLong
by TheGoldenCircle
Hot market for gold sellersDear friends, Crude oil prices are forecasted to potentially increase to $150 per barrel. Global inflation is likely to rise to 6.7% in 2024. Instability can quickly push up the price of gold. However, in the short term, gold is facing pressure from a strengthening US dollar. At the time of writing, Gold is trading below the $2000 mark, currently trading around $1991. It is expected that Gold will rise to $2000 in the near future due to the stability of the trend on the 1-hour timeframe. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend will continue. What about you? Do you agree with me?
OANDA:XAUUSDShort
by Samson-FX
Latest gold market update todayDear readers, The market's attention is currently focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, which is expected to be published on Friday. The data is anticipated to provide further clues about the Federal Reserve's policy meeting next week. Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against political and economic uncertainties, will lose its attractiveness if interest rates rise. The upward price trend is being reinforced more strongly than ever. At the time of writing, the price of gold is trading at $1987. In this weekend's trading session, the psychological level of $2000 will likely hold steady. As for today's trading session, gold is expected to remain relatively calm.
OANDA:XAUUSD
by Samson-FX
1