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XAUUSD amid rising political tensions Gold prices (XAU/USD) hovered around $1,950 after retreating from the two-month high of $1,962 in early Asian trading on Thursday. The precious metal's rebound was bolstered by escalating political tensions in the Middle East, driving the flow towards safe-haven assets. Meanwhile, the US Dollar Index (DXY), measuring the USD against six major currencies, rose to 106.55. US Treasury yields surged, with the 10-year Treasury bond yield reaching 4.911%, the highest since 2007, while the 2-year Treasury bond yield remained at 5.229%. On Wednesday, Federal Reserve officials reiterated their stance on maintaining interest rates. These comments pushed US bond yields higher, reflecting strong growth prospects in the US. Federal Reserve Governor Christopher Waller stated that it's too early to determine if there's a need for further policy rate actions, suggesting a wait-and-see approach. New York Fed President John Williams emphasized the central bank's need for a gradual monetary policy to curb inflation, indicating that the policy trajectory depends on data. Moreover, the ongoing political conflict between Israel and Hamas remains a focal point. Gaza authorities reported Israeli airstrikes killing 500 people at a Palestinian hospital on Tuesday, while Israel claimed the casualties resulted from a Palestinian attack. Escalating political tensions in the Middle East and market instability might drive demand for traditional safe-haven assets like gold. Gold traders will monitor the US Unemployment Claims and Philly Fed Index, as well as Existing Home Sales data later on Thursday. Additionally, Fed Chair Powell is expected to deliver a speech. Market participants will interpret signals from the data, seeking trading opportunities around gold prices.
OANDA:XAUUSD
by Samson_Phelan
9
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 and the way to find the bottom⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US. Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week. ⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark. ⚡️BUY XAUUSD: 1878 - 1880 ❕Stoploss : 1875 ✔️Take Profit : 1885 ✔️Take Profit : 1890 ✔️Take Profit : 1895 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDLong
by Mars_Hunter
1
Gold Comment 18/08 – Strong recovery but downtrend is still ther⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then plummeted away from this point. At the same time, the 20 SMA is stable at the top, compatible with the overall bearish direction. Importantly, technical indicators have hit negative levels, showing the strength of sellers. Finally, the technicals are mostly bearish, with the Relative Strength Index (RSI) sliding into the oversold zone. BUY XAUUSD price range: 1882 - 1884 Stoploss : 1877 Take Profit : 1890 Take Profit : 1895 Take Profit : 1900
TVC:GOLDLong
by Mars_Hunter
1
Gold 04/08 goes sideways waiting for non-agricultural news.Markets were now focused squarely on nonfarm payrolls data due later in the day, which is expected to show that the U.S. labor market remained steady through July. Any signs of resilience in the labor market give the Fed more impetus to hike interest rates further, given that the bank is targeting some cooling in labor conditions as part of its crusade against inflation. Framework H4 I'm working on. Gold can be seen moving sideways since the morning of April 8, very slight oscillation about 1930-1938. I think with such a large compression, tonight's NonFarm will be very strong, we should wait for the real news. then let's trade. What are your ideas, let me know in the comments below. Thank!
OANDA:XAUUSDShort
by Cindy_FX
4
Gold today 08.08 is under pressure from copperFed interest rate instability causes gold to plunge seriously, Fed officials offered different views on future rate hikes by the central bank. Fed Governor Michelle Bowman said on Monday that more rate hikes may be needed to bring inflation closer to the Fed's annual target range. on the 4-hour chart, we can see gold's bearish momentum developing, 1900 round resistance is not far away. please set up a sell order as soon as it breaks the bearish triangle/ What are your ideas let me know in the comments, thanks!
TVC:GOLDShort
by Cindy_FX
4