Gold reversal, long -term analysisGreetings, everyone! Today, as anticipated, the price of gold remains on a downward trajectory.
The precious metal is facing challenges in terms of increasing its value, which may result in the US Federal Reserve (Fed) maintaining higher interest rates for an extended period.
Consequently, sellers are likely to exert further pressure on gold prices, currently at $1822, with an anticipated decline to $1804. This downward trend will persist until any positive developments take place.
Metals
Gold passes, waiting for newsHello everyone! The 45-minute prime time period appears to be relatively stable compared to yesterday's trading session. At the moment, the price is hovering between USD 1829 and USD 1812. Currently, it stands at USD 1819, experiencing a slight decrease of 0.05% per day.
Today, there will be news surrounding the US non-agricultural payroll data which will impact gold prices. Given the ongoing pressure on precious metals, it is anticipated that gold will continue its downward trend with a support level targeted at USD 1800.
World gold continues to plummetHello everyone!
Gold continues to maintain its record low today. The price of gold globally fluctuated between 1,820 and 1,830 USD/ounce last night. As of 6 a.m. on October 4th, the current price of gold is trading at 1,824 USD/ounce, which is a slight decrease of 3 USD compared to the previous day's price of 1,827 USD/ounce.
According to the Federal Reserve (FED), inflation remains too high and interest rates need to be increased in order to control commodity price pressures. Consequently, the yield on US Treasury bonds with a maturity period of ten years surged to 4.75 points, leading to a strong influx of capital into bonds and adding further downward pressure on gold prices today as they continue their plunge into depths.
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Gold price todayThe price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day.
On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being suppressed.
Market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. It is unlikely that there will be much volatility in gold prices today as there have been no news updates thus far.
Gold price has not escaped from the decrease cycleHello everyone!
Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy.
Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have been some signs of recovery, they are not significant.
On the other hand, there has been a strong increase in the US dollar index (DXY) due to data showing an unexpected rise in job opportunities during August. In the previous session, this index experienced a breakthrough from over 105 points to over 106 points. This is significantly higher than the threshold of 100 points set back in mid-July.
Another factor contributing to gold's decline is its close relationship with oil prices, which have also cooled down recently.
Gold increased slowly, market analysisHello everyone, this is Samson speaking!
Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the start of the trading session.
However, the increase in gold prices was relatively slow. The USD continues to remain high.
In the short and medium term, gold still faces pressure from tight monetary policies in the US. The Federal Reserve will continue to raise interest rates and maintain them for an extended period of time.
Gold price recovery remains elusive below $1,880Gold recovers from a seven-month-old amid an oversold RSI (14) and failure to break the weekly horizontal support surrounding $1,815. However, the 21-SMA upside hurdle surrounding $1,830 and the one-week-long descending resistance line of around $1,840 restrict the short-term upside of the Gold price. It’s worth noting that the XAUUSD remains on the bear’s radar unless it breaks a downward-sloping support-turned-resistance line from late June, close to $1,880 by the press time. Following that, a quick run-up to the $1,900 round figure can’t be ruled out.
Meanwhile, a downside break of the weekly support of around $1,815 will have to confront a slew of technical supports and oversold RSI (14) before allowing the Gold bears to visit the $1,800 round figure. Should the XAUUSD remain bearish past $1,800, a one-week-old descending support line of near $1,782 and the late November 2022 low of around $1,730 will be in the spotlight.
Overall, Gold bears take a breather after the previous day’s disappointing US data, as well as consolidate the latest losses ahead of Friday’s key US jobs report. However, the XAUUSD is not out of the woods yet, at least below $1,880. Hence, the latest bounce can be considered as a selling opportunity.
Gold consolidated on the Bear sideHello everyone! Let's explore and discuss with AD!
Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar.
Looking at the D1 chart, we can argue that any correction in the price of gold from its lowest level in 7 months may encounter minor obstacles at $1,850, above which the highest level on September 28 and 29 is $1,880, will emerge as a strong resistance level.
New target 1950 USD for goldHello dear traders! What do you think of the new week gold?
Currently, at the beginning of the new trading session, gold has decreased slightly 2.5 USD and is trading around 1922.85 USD/ounce. Gold is having difficulty encountering an $ 1925 resistance area.
Samson believes this will be a mild price week of this precious metal because it can reach $ 1950 in the near future by touching the trend line and receiving support at $ 1920.
Gold is about to reach 1800 USD?Hello everyone!
Today, the price of gold has once again experienced a downward trend. After falling below the $1,900 threshold, gold has steadily decreased and is presently being traded at $1,818 with indications that it may soon reach the $1,800 range.
Increasing US bond yields and a stronger USD are persistently posing threats to precious metals and exerting pressure on them. This can be observed from the continuous decline in gold prices during this particular period.
Gold price at the beginning of the week is very strong or riskyXauUSD is stronger on the weekend and closed higher than the opening day. BUT! The dollar is also strongly looking at the technical picture on the chart, we can see that some main factors are forming and an important area that can give us strong signals.
But, it is worth noting that the 1D chart. A discounted candle is formed on the chart, but a large candle has been formed on Friday, in which gold has very little chance to overcome this area and along with the price increase of the dollar. It is likely that adjustment will begin when we see the price breaking of strong resistance on the hourly time frame.
Gold price decreased from 1935 USDLet's explore the market today!
Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down.
Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which increases the cost of the holding of non -interest assets like gold.
The federal reserve's hawk stance at the recent monetary policy meeting will continue to play the role of a catalyst that makes bond interest rates higher and stronger US dollar, significantly putting pressure on precious metal.
From Samson's personal point of view, it is likely that gold will check the price of $ 1,910 before any new market movement.
XAUUSD - down to the lowest level of 10 monthsThe current price of gold is continuing its downward trend, with a trading value of $1,822 per ounce. This marks a decrease of $25 per ounce compared to earlier this morning.
In the past 10 months, the price of gold has reached its lowest level due to two factors: the US dollar reaching its highest point in 10 months and an increase in US Treasury bond yields, which are currently at their highest levels in 16 years.
While there is a possibility that gold prices may drop further to $1,800 per ounce, it's important to consider that during times of economic weakness, gold can present itself as a long-term buying opportunity. Additionally, if core inflation decreases and stabilizes interest rates in the US while also leading to a decline in the value of the dollar, this will likely provide support for precious metals.
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How important is option chain analysis?
The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose.
Difference between technical analysis and option trading
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
why we learn option chain?
Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term.
What is the purpose of option chain?
It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract.
NOTE
#We Are Not Promote Anything
#This channel Purpose to share market ideas.
Thanks for Watching🙏
GOLD - Promise the new low number 1800 USDIn the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce.
There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's commitment to maintaining its current monetary policy in the near future has caused a drop in gold prices to its lowest level in a month.
Latest gold analysis today (September 29)Curious about the current market fluctuations? Join Samson as we delve into the details.
At present, gold is experiencing a minor fluctuation following a series of price reductions. The decline has reached over 0.36%, with the current trading value at US $1873. This recent uptick in price marks the end of this week's trading session.
Despite this upward trend, negative market news and the persistent strength of the USD continue to exert pressure on precious metals. While there is potential for gold to rebound, it is likely that it will return to its previous downward trajectory unless significant positive developments emerge in the market to support this valuable commodity.
Gold price in the first trading session of the week is somethingLet's delve into the Gold market at the beginning of this week, alongside Samson.
The opening price for gold today stands at a low $1843, which continues to face unfavorable conditions in the market due to the continuous rise in the USD index, currently surpassing 106 points. The increasing yield on US bonds and global concerns about inflation remain as factors impacting gold.
The highlight of this week will be the release of non-farm payroll data for September, expected to be announced on Friday morning. This could potentially serve as a ray of hope for an increase in gold prices. Conversely, if it turns out to be negative news, there may be nothing stopping further declines in gold prices in the near future.
Gold "plunged" without brakingHello everyone, this is Samson. Yesterday we witnessed a significant drop in the price of gold, falling from $1900 to $1874. The strong support level at $1900 was broken, indicating that the trend today may continue to be bearish.
Furthermore, market information suggests that the strengthening of the US dollar is not solely due to an improved US economy but rather because interest rates in the US are currently very high. The basic interest rate in the US (federal funds rate) is at its highest level in 22 years, ranging from 5.25% to 5.5%. This has put pressure on precious metals.
The current upward movements may only be temporary and we need to wait for further developments from the Federal Reserve Board for a clearer picture of gold's future direction.