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Gold price today: Continuously increasing!The global price of gold has seen an impressive increase, rising by $38.8 to $2,233 per ounce, marking its strongest month of activity in over 3 years. This surge has been driven by expectations of interest rate cuts in the US and strong demand for safe-haven assets. Spot gold has risen nearly 2%, reaching its highest point since July 2020 with a 9% increase, ensuring a second consecutive quarter of growth. The future of gold appears bright, with potential for further gains if the market predicts deeper interest rate cuts from the Federal Reserve. This precious metal is poised to maintain its high levels in the short term until buying momentum begins to weaken.
OANDA:XAUUSDShort
by RKarina
2
Gold prices continue to receive support!Idea of gold trading: The price of gold in the world market has increased during this morning's trading session due to the lack of improvement in business environment and consumer confidence in the European economic region in March. Investors have expressed concerns about the global economy facing difficulties, leading them to increase their purchases of gold as a capital reserve and profit-seeking strategy. As a result, the precious metal has reached a level of $2,200 USD at present. Additionally, the price of gold has also benefited from the recent terrorist attack at a concert hall in Crocus, Krasnogorsk, Moscow, which occurred six days ago, as well as a major bridge collapse incident in Baltimore, USA - Francis Scott Key Bridge - affecting water transportation operations at the second-largest port in the United States. Trading plan for March 28th: 👨‍💻 XAUUSD BUY zone 2178 - 2175 🔹SL 2173 🔹TP 2190 - 2200 👨‍💻 XAUUSD SELL zone 2207 - 2209 🔹SL 2212 🔹TP 2200 - 2190 Wishing you all Full TP 💵💵💵
OANDA:XAUUSDLong
by RKarina
Gold strategy today: Should I sell or not?Gold prices returned to the red zone below $2,200 in Asian trading on Thursday, following a two-day recovery. However, gold and other precious metals remain constrained and are yet to make a breakthrough. The scarcity of economic data in the US has prompted investors to buy gold on Wednesday, amid increasing speculation about a Fed interest rate cut in June. All attention is focused on the mid-tier data from the United States. The Federal Reserve Governor delivered a hawkish message while speaking about monetary policy at the Economic Club of New York. His comments have spurred a new increase in US Treasury bond yields and contributed to the strengthening of the US Dollar, putting pressure on gold prices that do not yield interest. Establish a SELL for gold around the 2195 - 2220 USD range.
OANDA:XAUUSDShort
by RKarina
Gold price continues to increase (March 28)Hello dear friends, let's explore the price of gold today with RKarina! Currently, gold continues to maintain its strong position on Thursday, with prices showing a significant increase from $2175 at the same time yesterday, and currently hovering around $2190. As a result, the precious metal is on an upward trend as investors await inflation data from the United States. The report on the core Personal Consumption Expenditures (PCE) index for February is expected to provide new clues about the timing of the Federal Reserve's policy shift. The core PCE in the US increased by 0.3% in January. These pieces of information, combined with technical analysis from the charts, seem to indicate a positive outlook for gold. The EMA 34 and 89 still give us positive signals for an upward trend, with expectations of reaching a high of $2222 once again. What are your thoughts on the current trend of gold?
OANDA:XAUUSDLong
by RKarina
XAUUSD: How to trade? Buy or sell?Hello traders! Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk for the week. From a technical standpoint, gold remains in a sideways trend with slight upward movement in the short and medium term. Gold trading activity is fluctuating within the range of $2150 - $2200. A decisive break above or below either of these levels could signal a stronger move is imminent. Trade wisely and enjoy!
OANDA:XAUUSD
by RKarina
Bullish pennant teases Gold buyers despite latest inactionGold price remains lackluster within a three-week-old trading range, struggling to extend the weekly rebound by the press time. However, a gradually firming RSI (14) line joins the bullish MACD signals and a one-week-long bull pennant to keep the XAUUSD buyers hopeful. That said, the aforementioned trading range’s top surrounding $2,188 guards the immediate upside of the bullion ahead of the stated pennant’s peak of near $2,195, quickly followed by the $2,200 threshold. In a case where the precious metal remains firmer past $2,200, the odds of witnessing a new all-time high, currently around $2,222, can’t be ruled out. In that case, $2,265 could gain the buyer’s attention ahead of the $2,300 round figure. Alternatively, a downside break of $2,165 will defy the bullish pennant chart formation and could quickly fetch the Gold price toward the previously mentioned trading range’s bottom of near $2,146-42. In a case where the XAUUSD drops beneath the $2,142 support, an ascending support line stretched from mid-February, close to the $2,100 psychological magnet at the latest, will be crucial to watch. Should the bullion remain weak past $2,100, the late December 2023 peak surrounding $2,090 will be the last defense of the Gold buyers before giving control to the sellers. Overall, Gold price remains bullish unless breaking $2,090 support even if the upside room appears limited ahead of the key US data, namely the US GDP and Core PCE Price Index.
OANDA:XAUUSD
by MTradingGlobal
Update the latest gold price today!Let's delve into the motivation behind today's gold market! Early on Tuesday, gold slightly surpassed the crucial $2,150 mark due to predictions of the Federal Reserve cutting interest rates this year. Comments from Fed officials, indicating a dovish stance, have put pressure on the US Dollar, thus providing significant support for gold priced in USD. Looking at the chart, it is evident that gold has experienced a slight decline after reaching a new high of $2,222, but it continues to maintain a positive trend supported by an upward trendline. The 4-hour chart of XAU/USD demonstrates that the uptrend is prevailing, sustaining gold's momentum with positive signals from the 34 and 89 EMA lines. Gold is expected to extend its upward trajectory if it successfully breaks the resistance level of $2,185, with a strong support level firmly set at $2,150. Wishing you a successful and exciting trading session!
OANDA:XAUUSDLong
by RKarina
Gold and its direction in the future!Hello astute and wealthy traders! Let's delve into today's market dynamics! Gold (XAU/USD) continues to maintain a consolidating sideways trend this Tuesday, staying within the familiar range established over the past three weeks. However, the balance seems to be leaning towards the bullish side as the Federal Reserve prepares for a less restrictive policy stance, promising favorable winds for this precious metal. Speculations are mounting that the Fed will start a rate-cutting cycle in June, coupled with a slight decrease in US Treasury yields, causing the US Dollar (USD) to enter a defensive price increase. Furthermore, political tensions arising from the ongoing Russia-Ukraine conflict and the uncertain ceasefire in Gaza Strip indicate that the smoothest path for safe-haven gold remains upward.
OANDA:XAUUSD
by RKarina
Gold price today: The momentum of "downward" is not slowing downHello everyone, let's find out how the price of gold fared last week and strategize for the upcoming week! Last week marked a significant moment for gold as it reached an all-time high of nearly $2222 USD. Market news, particularly rumors of the Federal Reserve cutting interest rates this year, played a crucial psychological role for investors, leading to continuous manipulation and volatility in the price of gold. Currently, the $2222 USD peak is not sustained, and the strong recovery of the US Dollar on the last trading day has exerted considerable pressure on gold. Despite a 0.7% decline in the day, gold still slightly increased compared to the previous week's closing price, stabilizing at around $2165 USD. Looking ahead: The prospects for the next week indicate that the price of gold may experience further adjustments. The immediate short-term target is to retest the EMA 89 line (support area around $2148 USD). If this support level is broken, we are likely to lean towards selling, with a high possibility that gold will touch the $212x level next week! What are your thoughts on the future price movement of gold?
OANDA:XAUUSDShort
by RKarina
6
Analyze and evaluate the new weekly gold strategy!Hello dear friends, are you curious about the gold price trend this week? As we enter a new week, gold has been steadily increasing by $10, reaching $2175 in Asian trading session. In the short term, it seems poised for further growth, although it may encounter resistance around the $2185 level. The monetary policy decisions of the Federal Reserve in June could significantly impact the trajectory of this precious metal. Details on the Outlook: A survey on Wall Street reveals mixed expectations: 40% predict higher prices this week, 27% anticipate a decrease, and 33% expect stable trading. Meanwhile, an online poll on Main Street shows a bullish outlook, with 69% predicting price increases, 25% expecting a decrease, and 16% maintaining a neutral stance on the short-term outlook for gold.
OANDA:XAUUSDShort
by RKarina
3
Gold price today: Stable waiting for new news!Gold Update: In the early trading hours in Asia on Monday, the price of gold (XAU/USD) comfortably fluctuated around the $2,100 mark, receiving support from speculation that the Federal Reserve may cut interest rates by the end of this year. Investors are awaiting the release of the US Gross Domestic Product (GDP) data for the fourth quarter, which is expected to remain stable at 3.2% and potentially create new momentum. Currently, gold is trading around $2,168, marking a modest increase of 0.15% for the day. Following the March meeting of the Fed, where they chose to maintain the benchmark interest rate between 5.25% and 5.50% for the fifth consecutive time, Fed Chair Jerome Powell hinted at a plan to cut interest rates three times in 2024, boosting investor interest in the precious metal and pushing gold prices higher. According to the CME FedWatch Tool, the likelihood of the Fed starting to cut interest rates in the June meeting has increased to 72% from 65% after the interest rate decision. Personal Information: After the terrorist attack in Russia, the price of gold slightly increased, returning above $2,170. The market appears stable but may face a short-term decline between $2,150 and $2,180.
OANDA:XAUUSD
by RKarina
EURUSD 15M ANALYSISFOREXCOM:EURUSD 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!!!!
Long
by Phinics
GOLD IN BUYGOLD/USD March FINAL WEEK PLAN... In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160... Which is buy correction zone(BUY FLIP ZONE)... EXTREM BUY ZONE IS still there 2152-2146 I am looking for buy because of below mentioned points: 1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area 2.In 30M Awesome Oscillator indicates upside distribution even market comes down... 3.In 15M-50% Buy confirmation we got... 4.In DAY TF i am expecting 2258-2300 is 1st Pull back zone(only my opinion not confirms yet) Here we got 3 entry zones with 3 different entry method... 1.Intraday Setup-- use 1% RISK of your capital in every entry we have 3 intraday setup (_a_).15M Gives only 50% confirmation for BUY REWARD---1:20 Ratio BUY limit @2160 SL 2156 TP 2185 TP 2206 TP 2211 (_b_).5M mid range entry(if confirms get we will updates here then entry this)BUY REWARD--1:22 Ratio BUY limit @2153 SL 2149.4 TP 2185 TP 2206 TP 2211 (_c_).30M Extreme entry zone previous BUY LIQUIDITY zone... Also PULL BACK AREA...In 2146 is trend line passing point... you can place order without confirmation... REWARD--1:24 Ratio BUY limit @2149 SL 2144 TP 2185 TP 2206 TP 2211 2.Mid Risk Setup-- use 4to5% RISK of your capital.... REWARD--1:8-1:10 Ratio USE 2 Layers 5 Orders Strategy BUY LIMIT @2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 Once Market HIT 2149...SET 2153 as a Target BE(close @entry) 3.Swing setup-- Need higher capital.... REWARD--1:7-1:8-1:10 Ratio USE 3 Layers 5 Orders Strategy BUY LIMIT @2160-2153-2149 SL 2144 TP 2185 TP 2206 TP 2221 TP 2270 Once Market HIT 2149...SET 2160 as a Target BE(close @entry) IF MARKET TREND CHANGE... OVER ALL SELL STOP 2143..use x2 lot size which total lot size you use in above buy limit orders ( Targets & SL will updates later) or Don't use sell stop wait for next recovery update... All The Best... NOTES:EDUCATION PURPOSE ONLY
OANDA:XAUUSDLong
by SATHAYAM_ACADEMY
3
Gold Price Driven by Modest USD StrengthHello everyone! Let's delve into the sparkle of gold prices today! In the News: Today, gold (XAU/USD) is struggling to capitalize on its recent rise from the Simple Moving Average 100-hour support level around $2166-$2165. Instead, we are witnessing a decline in Asian trading session this Friday. Despite the Federal Reserve's policy update on Wednesday, investor focus is gradually diminishing as the US dollar strengthens, thanks to optimism about US economic growth. This resurgence, coupled with increasing US Treasury yields and prevalent risk appetite, is putting downward pressure on this traditional safe haven asset. Personal observation: After reaching a peak at $2222, gold prices plummeted, retreating to the $2170 range. Economic indicators continue to reinforce the US dollar. Looking ahead: The Fed's stance on maintaining interest rates and ongoing global political tensions may boost gold's upward movement in the near future. However, we should be prepared for a continued downward trend in today's trading session. Stay tuned for a day filled with opportunities or challenges.
OANDA:XAUUSDShort
by RKarina
GOLD SHORT 4H CONFRMSSorry for late update.... Past 4 week gold in uptrend in week Weekly time frm 1st pull back zone is 2231-2301 right now market need some correction if market cross and close 2196 4h correction will starts 4hrs deep buy zone is 2160-2150 once market comes this dip we can buy... in between other one mid zone found in 1hr (2186-2182) wait for the 4hrs 1st confirmation market still in buy trend... once confrm take sell... now side ways alrdy we took sell in 2210.030 NOTE: EDUCATION PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
GOLD- Continuously creating breakthroughs!Hello dear friends, Are you curious about the price movement of gold today? Yesterday, gold surprised us with a dramatic increase, jumping from 2155 to 2223 USD, a remarkable gain of 680 pips in just a moment. What could have driven such a strong surge in this precious metal? News update: The announcement from the Fed about the possibility of interest rate cuts later this year caused the US dollar to plummet. This decline triggered a rush of gold buying from investors, pushing its price up. Technical analysis: Contrary to expectations of a decrease in gold prices for the day, gold broke through the downward trend line and soared to new highs. The EMA 34 and 89 lines indicated the potential for further upward momentum. The Fibonacci retracement levels of 0.5 - 0.618 are currently important if gold undergoes a corrective phase before continuing its ascent.
OANDA:XAUUSD
by RKarina
Gold price suddenly dropped todayIn today's trading session, gold experienced a slight decline after surging past the $2200 USD/ounce ceiling. This upward momentum was further fueled by comments from Federal Reserve Chairman Jerome Powell, who stated that the central bank plans to implement three interest rate cuts in 2024. However, at present, gold has adjusted downwards by 0.3% to $2175 USD/ounce after reaching an all-time high of $2222.39 USD in the previous session. Contributing to the correction in gold prices, the US Dollar has recovered by 0.8% after hitting its lowest level in a week, making gold more expensive for international buyers. With these developments, gold may need to undergo further adjustments if it wishes to continue its upward trajectory.
OANDA:XAUUSDShort
by RKarina