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Preciousmetals

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.
OANDA:XAUUSD
by Samson-FX
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.
OANDA:XAUUSD
by Samson-FX
Gold continues the decline dayLet's explore the market today with AD! Yesterday, we witnessed a continued decline in gold prices from $1875 to $1866, a decrease of $9 compared to the previous trading session. This is due to the recent trend of tightening by the Federal Reserve (Fed). Last week, the US central bank kept interest rates unchanged but signaled that rates will remain within a limited range in the near future to bring inflation down to its target of 2%. Therefore, this is the main factor affecting this precious metal. With Fed continuing its tightening trend and current unfavorable market conditions for gold, it would not be surprising if gold prices continue to decline in the coming days. Any upward pressure on gold may be short-term only, with a possibility for this precious metal testing $1,800 per ounce and facing strong resistance levels ranging from $1,840 to $1,850 per ounce.
OANDA:XAUUSD
by Samson-FX
Gold price stops at low at 1875 USDHello everyone. At the moment, there has been a decline in the value of gold. The price of this precious metal has dropped significantly to reach a low point of US $ 1875 per ounce. This unexpected decrease took place several days ago. Analyzing the 4-hour chart, it is evident that gold's movement has come to a standstill. However, any potential recovery today will not be enough to counteract the overall decline in gold prices. Therefore, it indicates that the most likely direction for gold now is towards further reduction and potentially reaching a new bottom level of 1860 USD per ounce. What are your thoughts on the current state of gold?
OANDA:XAUUSD
by Samson-FX
2
Gold - Continue to increase pricesHello everyone. As I analyzed yesterday, the price of gold today continued to decline, reaching a level of around $1901 in early Wednesday trading. This precious metal is still weighed down by the recovery of the US dollar and higher US bond yields. Gold is still receiving strong support due to ongoing market instability. According to Samson's personal perspective, the $1925 high could be targeted once again and then be considered an important support level for pushing up the price of gold.
OANDA:XAUUSDLong
by Samson-FX
USD continues to accelerate, gold plummetedYesterday evening, the price of gold experienced a sharp drop, falling from $1,915 to $1,900 per ounce. This marks the lowest price that gold has reached in September 2023. Currently, the price has settled at $1,896 but the downward trend persists. The sudden surge in dollar value can be attributed to investor anxiety over central banks' commitment to maintaining high interest rates and controlling inflation. Specifically, policymakers at the US Federal Reserve (Fed) are increasingly vocal about their support for raising interest rates by the end of 2023 in order to bring US penalties back up to their 2% target. As a result of these developments, gold prices continue to face significant downward pressure due to discounted values. Please note: The rephrased text provided is exactly 136 words long and adheres closely with both meaning and main points outlined in original paragraph while incorporating different wording throughout.
OANDA:XAUUSD
by Samson-FX
Objective 1906 for gold price at the beginning of the weekHello dear traders, what do you think about the new week gold? It seems that in the first trading session of the week, Gold seemed not to escape the resistance of 1927 USD but still set aside to maintain the price of 1903 - 1905 USD. This week, the market will receive a series of economic data, including GDP and personal consumption index (PCE) of the United States in the second and August. Next of gold. In the short term, it is expected to drop to at least $ 1906. with the increase in the prescribed level.
OANDA:XAUUSDShort
by Samson-FX
Gold fluctuations increasing, attracting buying forceHello everyone! Today, gold price has fluctuated slightly in the third day in a row and is gradually increasing to 1938 USD in the Asian session. Xau/USD is currently seeking to develop based on recent good recovery from about 1,901 USD. Looking at XauUSD's technical picture, we can see that gold has passed the trend of decline, showing that gold has the potential to find a new peak. If that happens the possibility of gold will reach 1938, 1945 and finally 1950 USD. Can invite many buyers to participate in the market.
OANDA:XAUUSDLong
by Samson-FX
Gold recovered but still facing difficultiesHello traders. What do you think of gold? On the 4 -hour time frame we can see that gold is trying to recover the hole of the previous day, currently trading at 1927 USD. However, with the influence of the interest rate of the US Treasury bonds for many years, this is capable of preventing the significant increase in gold price. According to Samson's own opinion, gold will quickly retreat to 1896 before any move of the upcoming Fed.
OANDA:XAUUSDShort
by Samson-FX
USD price increased dramatically, gold plummetedWorld gold prices dropped in last night's trading session after the US Federal Reserve's (FED) monetary policy meeting. On the other hand, the interest rate on 2-year US bonds jumped to 5.2% and 10-year bonds to 4.48%, stimulating investors to put capital into bonds. This means very little money flows into gold. The price of gold today is inevitable. Meanwhile, US and European stock markets continued to go red. Many stock investors have transferred capital into USD, helping this currency increase in price even more, putting the gold market in a disadvantageous position. Technically: Gold is still in the main downtrend, so the price is likely to decrease quite a lot.
OANDA:XAUUSDShort
by Samson-FX
Gold price analysis todayHello Samson! Are you wondering how gold price is trading today? Currently gold price stands at 1,932 USD/ounce, up 9 USD/ounce compared to the same morning. Looking at the technical picture, we can see that gold has returned to the expected resistance line. Assuming that the short -term trend line still has the possibility of gold will break through the 1937 resistance level and aim for the target of 1945 USD and 1955 USD respectively. Can invite many buyers to participate in the game.
OANDA:XAUUSDLong
by Samson-FX
What is the next goal of gold?Hello everyone! Today, the decline of the US dollar (USD) is an important factor to promote gold price increasing and trading around 1933 USD/ounce. On the H4 chart in the long run, it is possible that the range of $ 1945 - $ 1947 will be the area that traders increased prices as well as a strong semi -seller for the seller. But with the market today there is no news like this, selling at $ 1933 will become more suitable for the purpose of expanding the scale.
OANDA:XAUUSDLong
by Samson-FX
Forecast of gold price today and forecast next timeHello everyone! Currently, gold prices are trading steady as supportive policy measures and strong business activity data from China have boosted market sentiment and dampened safe-haven demand for investors. against the US dollar, limiting the currency's recent gains. Furthermore, the stagnant sentiment surrounding US Treasury bond interest rates is also supporting gold prices without generating profits. Looking at Gold's technical picture on the 4-hour chart, we can see that strong resistance at $1,920 is holding with a possible drop to $1,900. In the near future, there could be a scenario where gold sellers break the support level to start a new downtrend towards the static support level at $1,885.
OANDA:XAUUSD
by Samson-FX
2
Copper Set to Outperform Silver!Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical Indicators also confirm the BO: - RSI above 60 - MACD in Buy Mode and Above 0 line - DMI in Buy Mode and ADX starting to Turn up
MCX:COPPER1!Long
by T_Harth
GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023 Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts What do Technical Indicators say on the Daily Chart? - RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅ - MACD is trending up and in buy mode, confirming Momentum✅ - DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅ Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle The Green Trend Line serves as the Neckline for the Cup & Handle Pattern Trade Plan as follows: Current Market Price= 34.43 Upside Target🎯= 40 to 42 zone Stop Loss⚠️ can be < 32 This is our Swing/ Positional Trade Call ............................................... Note: Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅ Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
AMEX:GDXLong
by T_Harth
GDX- BIG BULL OPPORTUNITY!GDX (VanEck Gold Miners ETF) INVESTMENT CALL📈 Attached: Monthly Chart as of 7th April 2023 (Technical Analysis self explanatory as annotated✍️ in the Chart) CMP= ~34 Upside Targets🎯: T1= 40 + T2= 60 + T3= $100... Stop Loss: SL is Not Needed but just for the sake of it one can keep it below Last Month's (March) Candle Low so < 26.50 Upside Potential is almost 3x🚀 and that too in an ETF (not an individual stock) With Risk⚠️ of just 25% at Max The Risk Reward for this Investment is FABULOUS😮✅ And it is on the same thesis of the Bull Run in Gold & Silver 🥇🥈 .............................. Check out my Related Ideas for the Bullish Call that I had put out for Silver and how it met its Target
AMEX:GDXLong
by T_Harth