Get started

Xauusd(w)

GOLD- What changes this weekend, surveyToday's Gold Trading Strategy: In the current global market, the price of gold has surged to a new all-time high of $2,197 per ounce, representing a significant increase of $40 per ounce since the early morning hours. This marks a new milestone as the highest price ever recorded. The rapid ascent in gold prices is a result of the Federal Reserve's decision to maintain stable interest rates during its most recent meeting, coupled with indications of a potential 0.75% rate reduction by the end of 2024. The decrease in the US Dollar Index following the Federal Reserve's announcement has made gold even more appealing to international buyers. Additionally, the decrease in 10-year Treasury yields has lowered the opportunity cost associated with holding gold, further propelling its upward trend.
OANDA:XAUUSDLong
by RKarina
EURUSD 4H 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 price should I buy or sell?Welcome, dear friends, to our exploration of the tranquil waters of the gold market yesterday, where prices gently oscillated around Friday's closing figure of approximately $2159, in a serene anticipation of significant news expected to break on Thursday. Gold remains ensconced in its downward trend, encased within an unbroken parallel channel that signals the potential for further decline upon reaching the channel's upper boundary. Amongst whispers, the persistent pressure on this precious metal continues, stemming from expectations that the Fed might maintain higher interest rates for an extended period. Should the support level at $2147 give way, we might witness gold gracefully gliding back into the $212x region.
OANDA:XAUUSDShort
by RKarina
Gold grinds within $15 trading range as Fed decision loomsGold price licks its wounds around the mid-$2,100s while portraying a choppy move between the one-week-old descending resistance line and $2,148 support confluence comprising the 10-day Exponential Moving Average (EMA) and the previous yearly high. In doing so, the XAUUSD depicts the market’s cautious mood ahead of the all-important monetary policy decision from the US Federal Reserve (Fed) while consolidating the previous weekly loss, the first in four. It’s worth noting that the overbought RSI (14) line and an impending bear cross on the MACD favor downside bias for the precious metal. In that case, a daily closing beneath $2,148 becomes necessary for the sellers to retake control. Following that, the late December 2023 peak of around $2,090 will be a quick favorite for the bears before the tops marked during early 2024 around $2,065. It’s worth noting that the $2,100 round figure also acts as a downside filter for the bullion. On the flip side, a daily closing beyond the one-week-old descending resistance line surrounding $2,163 could quickly propel the Gold price toward the recent all-time high of near $2,195. Should the quote remain firmer past $2,195, the $2,200 round figure will challenge the XAUUSD bulls. It should be observed that an upward-sloping resistance line from May 2023 also highlights the $2,200 threshold as an important hurdle toward the north. Overall, the Gold price is likely to depict a downside move unless the US Federal Reserve (Fed) disappoints the US Dollar bulls by resisting the hawkish performance.
OANDA:XAUUSD
by MTradingGlobal
GOLD DAILY ANALYSISGo through the analysis carefully, and do trade accordingly. SHUBHAM_FX 'BIAS for the DAILY. Current price- 2150 "if Price stay above 2172 then next target is 2200 and 2250 and above that 2310. "if Price stay below 2165 then next target is 2130 and 2112 and below that 2088. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
FOREXCOM:XAUUSDShort
by MR_KUSUNDAL
2
Gold prices have recovered but are still difficultThe gold price (XAU/USD) saw a modest recovery from its lowest point in over a week at the start of this week, despite remaining in negative territory for the first half of the European trading session. Meanwhile, the US Dollar (USD) continues its struggle to achieve any significant momentum amid ongoing uncertainty about the Federal Reserve's (Fed) interest rate policy direction. This uncertainty, coupled with a slightly improved risk sentiment and geopolitical concerns, has been a key driver in pushing some towards precious metals as a safe haven. However, the outlook for a rise in gold prices is still constrained by the increasingly common view that the Fed will maintain higher interest rates for a longer period to control inflation. This expectation supports the rise in US Treasury yields, potentially diminishing the appeal of gold, an asset that does not yield interest. Ahead of the highly anticipated FOMC meeting decision expected on Wednesday, traders might adopt a cautious stance, limiting their bets on positive developments. The essence of maintaining high interest rates as part of efforts to curb inflation suggests that more time may be needed to manage inflation effectively. This situation, combined with the uncertainty surrounding global economic and geopolitical conditions, creates a complex scenario for gold investors as they weigh the safety of gold against the prospects of limited profitability in a high-interest rate environment.
OANDA:XAUUSDShort
by RKarina
XAUUSD surges to 2200 USD?Welcome to today's strategy analysis, where we revisit and forecast the next moves for XAUUSD, after a day of significant fluctuation. Current Analysis: XAUUSD witnessed a considerable decline yesterday, progressing through a descending triangle pattern and eventually breaking below the $2075 level. Despite this, gold quickly adjusted, forming an ascending triangle pattern and currently trades around $2168. This occurred after surpassing resistance levels at $2179 and $2177, although it ultimately saw a slight decrease of 0.27% for the day. Insights on Price Increase Causes: Scenario 1: The weakening of the US dollar, as the market anticipates the Federal Reserve (FED) might cut interest rates by June 2024 despite rising inflation in the US. This scenario benefits gold prices. Scenario 2: Some analysts predict a spike in gold prices if the FED decides to cut rates. If this does not happen, high inflation fears could push gold prices higher. Scenario 3: Political tensions and military conflicts, such as the Russia-Ukraine situation, keep the demand for safe-haven assets like gold high. Forecast and Strategy: Looking at the 1-hour chart, we observe an increase in trading volume and price stabilization after a sharp decline, touching the EMA 34.89 line. XAUUSD finds strong support around the $2160 level. If it breaks below this support, we could witness a significant price drop. However, maintaining above this level could lead to price increases. A recovery is anticipated after touching the ascending triangle pattern boundary. An adjustment might occur after breaking the fake level of $2175, and consolidation above this level indicates the market is ready for a recovery. Conclusion: In the current context, closely monitoring market developments and external influencing factors will be key to making wise investment decisions. Keep an eye on announcements from the FED, global political situations, and currency market movements to adjust your strategy accordingly. Scenario 3: Escalating political tensions due to the Russia-Ukraine military conflict are maintaining the demand for safe-haven assets like gold. The conditions are favorable for gold to rally. Regarding the new prospects for XAUUSD: According to the 1-hour chart, the volume is increasing, and the price has stopped after a sharp decline, touching the EMA 34,89. XAUUSD is currently receiving strong support around 2160 USD. However, if it breaks below this level, it could lead to a significant price decrease, while maintaining it would result in an increase. It is expected that the price will recover after touching the ascending triangle channel. I anticipate a correction after breaking the false 2175 USD level. Consolidation above this level indicates that the market is ready to rally.
OANDA:XAUUSDLong
by RKarina
2
XAUUSD Hello dear friends! What are your thoughts on the price of gold? Let's explore and discuss new strategies for gold together with RKarina. Overall, it has been a week of significant price increases for gold. The price has been rapidly developing and consistently creating surprises for traders. This comes after the latest employment report showed an increase in unemployment rates in the US and moderate wage growth, despite the accelerated job growth in February. The underlying factors driving the upward momentum of gold prices are the expectations that the Fed will continue to cut interest rates later this year and the weakening of the US dollar. Gold even touched a formidable level of $2200 USD at one point last night, but quickly pulled back and is currently hovering around $2179 USD. In general, the price of gold is expected to continue its upward trend. However, after the recent strong surge, the precious metal may need some consolidation in the short term.
OANDA:XAUUSD
by RKarina
Gold stays range-bound ahead of US Retail Sales Gold fades the previous day’s corrective bounce off the weekly low as market players await the US Retail Sales for February. In doing so, the spot Gold price, namely the XAUUSD, seesaws within a $48 trading range comprising an ascending resistance line stretched from May 2023 and the previous yearly top. It’s worth noting that the sluggish oscillators and the pre-data anxiety suggest a continuation of the sideways range. However, the bulls appear to have run out of fuel hence sellers are likely to benefit more on a downside break of $2,148 support. In that case, a quick fall toward the $2,100 round figure will be imminent but a 3.5-month-old horizontal support zone surrounding $2,090 could challenge the XAUUSD sellers afterward. Alternatively, an upside clearance of the aforementioned multi-month-old rising resistance line, close to $2,186 could recall the Gold buyers. However, the $2,200 threshold and 78.6% Fibonacci Extension (FE) of the quote’s October-December 2023 moves, near $2,240, will challenge the XAUUSD’s upside momentum afterward. Following that, the 100% FE level of $2,313 and the $2,500 psychological magnet will be in the spotlight. Overall, Gold stays within a long-term bullish trend but the short-term view appears to favor a pullback in prices should the scheduled data allow the US Dollar to defend the first weekly gain in four.
OANDA:XAUUSD
by MTradingGlobal
Gold price today: Needs adjustment!Updated Gold Market Report: During the Asian trading session, gold (XAU/USD) has attracted strong buying interest, partly recovering from the previous sell-off, with the price currently at $2,150. The surge in US Treasury yields, driven by higher-than-expected US consumer inflation in February, has increased the value of the US dollar and put downward pressure on gold prices. The recovery in the US stock market has also led to a shift of funds away from gold, a safe haven asset. Personal perspective: The decline in gold following yesterday's CPI report is a positive development. The price correction not only creates an opportunity to buy at a better price but also enhances liquidity and accumulation prospects for the market.
OANDA:XAUUSDShort
by RKarina
Gold price adjusted strongly!Hello dear friends, let's find out about the price of gold today! As predicted since yesterday, gold has experienced strong downward pressure after the release of the Consumer Price Index (CPI) of the United States. According to the CPI report, it increased by 3.2% compared to the same period last year in February, slightly higher than the predicted 3.1% by market participants. The core index, which excludes volatile food and energy prices, came in at 3.8%, higher than the expected 3.7%, although lower than the 3.9% announced in January. These data have helped the USD recover and suppress the upward momentum of this precious metal. Currently, gold is trading around $2159 and is still undergoing a corrective phase after reaching record highs. In the short and medium term, gold is forming a cup and handle pattern and will soon face downward pressure after aiming for the resistance level of $2165. We can consider selling if gold reaches that level, with a profit target at the support level of $2145 - $2143.
OANDA:XAUUSDShort
by RKarina