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Xauusd(w)

XAUUSD - Shocking price increaseEveryone, let's find out what's new in the gold market today! Yesterday, gold saw a significant breakthrough, as the metal rose from around $2300 USD to as high as $2350 USD at the moment, completely shedding previous bearish sentiment. The weakening of the USD has strongly supported the upward trend in the price of this precious metal. In addition, gold prices rose even higher "after a number of major central banks decided to cut interest rates or signaled their willingness to cut interest rates further in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-yielding asset, making it a more attractive investment. Looking at the chart analysis: Gold is approaching the resistance area as marked. On the upside: If it succeeds in maintaining this trend and successfully closes above resistance, XAUUSD will open up a profitable opportunity to quickly move towards $2400 USD. On the other hand, if a pullback to correct the trend occurs, XAUUSD will retest the breakout zone at $2330 USD once again, but the uptrend will still be maintained as the 34 EMA is reversing and signaling positivity for buyers.
OANDA:XAUUSDLong
by RKarina
Gold price today: Prospect of price increase delayed!Hello dear friends, let's understand today's gold price! Currently, today's gold price continues to move above 2,300 USD and has not changed much compared to the same trading session yesterday. Accordingly, Gold remains at familiar levels in the context of rising US Treasury bond interest rates and a strong US dollar. Traders await unemployment claims on Thursday, followed by the University of Michigan's Consumer Sentiment survey on Friday to find new direction for the metal. Looking at the outlook from the technical chart: The 4h chart of XAU/USD shows that the upside potential is still limited, the metal continues to be limited below the resistance of 2335 USD and moves below the two EMAs 34, 89 without a clear direction. Bears may have a better chance of a clear break below the $2,300 mark until Gold breaks below that level and trades around $2,260 according to the trendline.
OANDA:XAUUSDShort
by RKarina
Update the latest gold price today!Hello everyone, today we will learn about the gold market to determine whether this is the right time to buy or sell. Starting with the current gold price chart, we see that the gold price has increased by more than 6 USD, currently sitting at around 2131 USD. Even so, there haven't been any significant breakthroughs. Gold prices remain stable around 2,305 USD, and the market is waiting for new information to be announced later in the day to have a clearer view. There are two important events that will affect the USD exchange rate: Claim unemployment benefits Auction of 30-year US bonds Outlook Analysis: On the 1-hour chart, gold appears to be in the process of consolidating and moving sideways. Because the Bollinger Bands index shows no major changes affecting the current trend, we can expect gold prices to not change much until important news is announced. Careful observation and attention will be the key to determining the right time to trade. Gold is expected to fluctuate between 2328 - 2305 USD until the end of the day.
OANDA:XAUUSD
by RKarina
Gold suddenly turned down!"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite weaker-than-expected US employment reports in April. This could drag the precious metal lower. At the end of Wednesday, Philip Jefferson, Susan Collins, and Lisa Cook of the Federal Reserve will speak. Hawkish comments from Fed policymakers may lift the greenback and exert pressure on gold priced in USD. Gold traders will monitor consumer sentiment indices from the University of Michigan on Friday."
OANDA:XAUUSDShort
by RKarina
XAUUSDHello all dear traders! Gold price today decreased by 15 USD compared to last night's highest price of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the interest rate outlook. But! The upside for gold, especially related to geopolitical risks and potential tensions in the banking system, is strong enough to support the precious metal.
OANDA:XAUUSD
by RKarina
Gold keeps buyers in game despite recent inaction, $2,338 eyedGold price lacks bullish momentum despite staying positive on a weekly basis, after a two-week downtrend. While bearish MACD signals and a steady RSI (14) line suggest a continuation of the metal’s recent sideways performance, a one-month-old falling wedge bullish chart formation keeps the buyers hopeful. It’s worth noting that the 21-SMA resistance of $2,338 will act as an extra filter toward the north, in addition to the stated wedge’s upper line surrounding $2,322. Following that, the quote’s run-up toward the $2,400 threshold and then to the latest peak of around $2,431 can’t be ruled out. In a case where the XAUUSD remains firmer past $2,431, the bullion buyers can aim for the theoretical target of falling wedge confirmation, close to $2,480 in this case. On the flip side, the $2,300 round figure and $2,285 restrict the short-term downside of the Gold price ahead of the aforementioned wedge’s bottom line, near $2,275 by the press time. Should the precious metal drop beneath the $2,275 support, it defies the bullish chart formation and can direct the XAUUSD sellers toward the 50-SMA support of $2,251. It’s worth mentioning, however, that the buyers should remain hopeful of witnessing a corrective bounce, even during the gradual fall, unless the quote breaks an ascending trend line support stretched from the mid-February, around $2,219 as we write. Overall, the Gold price is likely to reverse the previous losses but a sustained upside clearance of $2,338 is a must for bulls to retake control.
OANDA:XAUUSD
by MTradingGlobal
How is gold price traded today?Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see that gold has broken out of the price range and surpassed the trend line, signaling a new uptrend. Support at $2310 has been established, with a current target of $2350 - $2360 in the near future if gold maintains its bullish momentum in the current economic and market conditions!
OANDA:XAUUSDLong
by RKarina
XAUUSDWorld gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360 USD/ounce and if this threshold is broken, gold could quickly climb to 2,400 USD/ounce. If gold enters a downtrend, the first support level is 2,280 USD/ounce.
OANDA:XAUUSD
by RKarina
Update the latest gold price today!Hello dear traders Today let's explore the price of gold together! Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day. In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point. Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday. We will continually compile and update all of this information. Stay tuned for the latest updates!
OANDA:XAUUSD
by RKarina
Update the latest gold price today!Hello everyone, let's take a look at the gold price situation today! Yesterday, the gold market experienced a major fluctuation due to the important event of the Non-Farm report and unemployment rate. Gold went through a period of sharp ups and downs, as the price rose to $2,320 before falling to $2,277, however, gold ultimately remained stable around $2,300. However, in the near and medium term, gold prices are still in a downward trend. Although US bond yields decreased during the weekend trading session, gold prices did not seem to react much. Furthermore, jobs news has bolstered confidence that the US Federal Reserve (Fed) will begin easing monetary policy this year, which could support gold prices amid low interest rates. . However, this also creates a greater risk environment, causing investors to turn to other assets. When risks decrease, demand for gold may decrease, leading to the possibility that gold prices will continue to adjust in the near future.
OANDA:XAUUSDShort
by RKarina
Update the latest XAUUSD todayHello everyone, today let's look at the price of gold together! Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday. The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling. However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability. Trading plan for April 2: 👨‍💻 Buy XAUUSD around 2310 - 2308 🔹 Set stop loss at 2305 🔹 Profit target at 2315 - 2320 - 2225 Wishing you successful trading and achieving your profit goals!
OANDA:XAUUSDShort
by RKarina
XAUUSD : Trades around 2300 USDHi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US. The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and supported a part for the price of the items. However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.
OANDA:XAUUSDLong
by RKarina
Gold price today: Waiting for a new breakthrough!Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions. This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for gold's next move. Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view. Wishing everyone happy and successful trading!
OANDA:XAUUSD
by RKarina
Gold grinds within the falling wedge ahead of the US NFPGold price brace for the second consecutive weekly loss despite downbeat US Dollar performance. In doing so, the precious metal seesaws between the 50-SMA and the 200-SMA while posting mild intraday losses within a two-week-old falling wedge bullish chart formation. That said, cautious sentiment ahead of the monthly US employment report and sluggish oscillators restrict the XAUUSD’s immediate moves within the bullish chart pattern. It should be noted that a downside break of the 200-SMA level of $2,289 will direct the sellers toward the stated wedge’s bottom line surrounding $2,278, a break of which will defy the bullish chart formation and can drag the commodity prices toward the early April swing high of around $2,265. On the contrary, a convergence of the 50-SMA and the previously stated falling wedge’s top line, close to $2,319-20, appears a tough nut to crack for Gold buyers. Following that, the late April swing high of around $2,353 and the $2,400 threshold will lure the XAUUSD bulls. In a case where the Gold buyers remain confident past $2,400, the theoretical target of the falling wedge confirmation, near $2,440, will be in the spotlight. Overall, Gold portrays bullish consolidation ahead of the key US employment data, despite the US Dollar’s downbeat performance.
OANDA:XAUUSD
by MTradingGlobal
What number will gold end the trading session at?Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day. As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.
OANDA:XAUUSDLong
by RKarina
What does gold promise in the near future?Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around $2300 USD. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Looking ahead: Long-term outlook: Gold continues its upward trajectory, with a favorable target of $2500 USD. Short-term outlook: The precious metal has established a new support level, moving steadily around the EMA 34 and 89 lines, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens.
OANDA:XAUUSDLong
by RKarina
Update the latest gold price today!Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors. Gold prices remain high due to concerns about instability in the Middle East and Ukraine. In addition, weaker US economic data is also supporting gold prices as the US service and manufacturing industries show signs of decline. In the long term, gold is still in an upward trend. However, in the short term, gold may also suffer deeper corrections because the decline in the first two sessions of the week is not significant compared to the growth that has lasted since the end of December last year.
OANDA:XAUUSDShort
by RKarina
Gold price today: Back to the track.Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD. As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying side. As long as the support level of 2300 USD is held steady, there is potential for a retest of the resistance level at 2400 USD, in line with the long-term trend of gold in recent weeks.
OANDA:XAUUSDLong
by RKarina