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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.
Gold prices have adjusted after a series of increases last week.OANDA:XAUUSD The price of gold (XAU/USD) is experiencing a remarkable surge on Friday due to escalating geopolitical tensions in the Israel-Palestine conflict.
In times of uncertainty, traders are turning to the precious metal as a safe haven, while the US dollar (USD) is also strengthening.
The escalation of the conflict in Gaza has led Israel to shift its focus from aerial to ground operations, causing an increase in geopolitical tensions and strengthening safe-haven assets.
The worsening consumer sentiment in the United States and the dovish comments made by Philadelphia Fed President Patrick Harker have added pressure to US Treasury yields.
XAUUSD DOWNTREND CORRECTION STARTED 08.10.23Reason Behind the XAUUSD Bullish Setup
1. Fake candlestick Formation due to Obey of trendline and support @ 1810
2. Double Candlestick Confirms Half Confimations Bullish Engulfing and make the higher Movement
3.Three strike Line formed in trible candlestick and make Bull Movement
4. Hikake Bullish Setup takes the XAUUSD to Higher and breaked 1925
5. Decending Broadaning Formed and push the correct over the trend line @ 1900
Overall Possible Outcomes
XAUUSD BUY @ 1810-1825
SL 1780
TP 1 1860
TP 2 1880
XAUUSD Sell Continue & Bearish SpinningReason Behind the Sell
1. Bearish Spinning Top the further Sell side Movement towards Swing low of 1905
2. Symmetrical Triangle Bearish Continuation and Sell trend Expected teh breakout and TReady for strong Sell Movement
3. Obey Resis ,Trendlien and retest the previous High
Overall Possible outcome
XAUUSD SELL @ 1940-45
TP1 1905
TP2 1965
XAUUSD SELL+SYMETRICAL TRIANGLE 10.9.23Reason For First Bullish
1. Inverted Bullish Hammer
2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40
Reason For FALL/SELL
1. Double Top Formation @ 1940
2. Obey Strong Resistace and trend lINE @ 1940
3. Symmetrical Triangle Breakout Over Sell region Expectecd
Over Possible Outcomes
XAUUSD SELL @ 1935-40
SL 1955
TP 1910
TP2 1870
XAUUSD SELL PROJECTION WITH RSI & STOCHASTIC STRATEGY Reason Behind XAUUSD Sell Projection
1. Stochastic Overbought above 80 and ready to make a Fall
2. RSI 14 Below 50 Which Makes the sell trend In 1h Timeframe
3. Market Clear ON Downtrend and Make the Sell Direction
Overall Outcomes
XAUUSD SELL @ 1920-23
SL 1927
TP 1910
XAUUSD BEARISH SPINNING TOP + SELL PROJECTION 27.08.23Reason Behind the Sell Projection
1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low
2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend
3. Breaked the support @ 1915 and retesting teh area Again
Over all Possible Outcomes
XAUUSD SELL @ 1924-1930
SL 1955
TP1 1900
TP 1854
XAUUSD: correction recovery of yellow metalThe price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy meeting, supported by recent softer US data.
XAUUSDDetailed analysis of Gold XAUUSD
Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed....
AO (Awesome Oscillator) also indicates at...
Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen....
Entry will be 1964-1968.
Stop Loss below 1933....
1st supply zone is 1952-1955
Resistance 1959....
4h trend line passing zone 1966-1976
2nd supply zone 1976-1985
Resistance 1989....
Once touch 2nd supply it may come to retracement on 4h trend line area.
Once got retracement.
3rd supply zone will be 2014-2019
Big sell zone is 2054-2066....
Notes:
ONLY EDUCATION PURPOSE....DO YOUR OWN ANALYSIS....
Gold - There are many disadvantages ahead.US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year.
Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year.
SELL XAUUSD zone 1963 - 1966
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
Gold 24/07 Withdraw as the Fed week begins.Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the start of the week, while copper prices fell sharply on concerns about slowing demand.
The dollar rally, ahead of the Fed meeting, also weighed on metals markets, with the greenback pulling further from 15-month lows hit in early July.
SELL XAUUSD zone 1968 - 1970
Stop Loss : 1975
Take Profit 1: 1965
Take Profit 2: 1960
Take Profit 3: 1955
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD W PATTERN REJECTION+DOWN TRENDReason Behind XAUUSD Sell
1. Last Week Core CPI News Make the Asset to Move higher fundamentally whixh make the Break Resis 1940 and Later 1950 and presently located @ 1960 Which Over Immediate Support
2. Clear Rejection Over W Pattern due to Tecnical fIbo retracement @ 1980 which is also our Previous Support which react as major Resis Now
Overall Possible Outcomes
XAUUSD SELL@ 1975-1985
SL 2010
TP 1 1960
TP 2 1935
TP 3 1900
Gold - Steady Against "Storm".Although inflation is still well above the Fed's 2% annual target. This is likely to attract more central bank rate hikes in the near-term, with markets broadly pricing in a gain of at least 25 basis points at its meeting in late July.
A host of Fed officials also forecast more rate hikes in the coming months, warning that core inflation remains high and at risk of becoming fixed. June's core CPI was lower than expected, at 4.8%, but remained relatively high and well above the headline figure, up 3%.
SELLXAUUSD zone 1967-1965
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1945
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD 1H SELL PROJECTION Reason Behind SELL Projection
1. Breaked Support 1910 and retest For further Fall towards 1890
2. RSI 14 Below 50 which trends Bearish Trend IN 1H
3. Stochastic Overbought 5,3,3 Which make the asset Fall
Overall Possible Outcomes
XAUUSD SELL @ 1913
SL 1922
TP 1 1900
TP 2 1890






















