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Xauusd(w)

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.
OANDA:XAUUSD
by Samson-FX
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.
OANDA:XAUUSD
by MTradingGlobal
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.
OANDA:XAUUSD
by Samson-FX
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.
OANDA:XAUUSD
by Samson-FX
1
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.
OANDA:XAUUSD
by Samson-FX
2
XAUUSD: what is going on?From a short-term technical perspective, nothing seems to have changed for Gold price, as a correction from a seven-month trough remains on the table. The 14-day Relative Strength Index (RSI) indicator stays heavily oversold, justifying a case for a Gold price rebound anytime soon. Should Gold price stage a decent comeback the initial support-turned-resistance at the $1,850 level will be challenged. The next upside barrier is aligned at the September 28 and 29 highs of $1,880 on the road to recovery. However, if Gold buyers fail to find a strong foothold above the $1,850 mark, the downtrend could gather steam once again. Gold price will need to crack the previous day’s low of $1,815 to tale on the crucial support at the $1,810 level, where the March 8 low is registered. The $1,800 threshold will be the level to beat for Gold sellers. The 100-Daily Moving Average (DMA) is looking to cross the 200 DMA from above, suggesting that any pullback in Gold price from multi-month lows could prove temporary.
OANDA:XAUUSDLong
by Biden-ControlUSD
1
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.
OANDA:XAUUSD
by Samson-FX
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.
OANDA:XAUUSD
by Samson-FX
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.
OANDA:XAUUSD
by Samson-FX
4
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.
OANDA:XAUUSD
by Samson-FX
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