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XAUUSD 1H BUY PROJECTION 03.10.24Reason for Bullish Several media outlets reported that Israel delivered a harsh response to the recent Iranian attack by bombing central Beirut in the early hours of Thursday. Lebanese security officials said that three missiles also struck the southern suburb of Dahiyeh, the place of Hezbollah leader Hassan Nasrallah's killing. Lebanese health officials also reported that multiple people were injured following Israel’s strike in Beirut. Iranian forces on Tuesday used hypersonic Fattah missiles for the first time and 90% of its missiles successfully hit their targets in Israel. Tehran said this attack was in response to Israeli killings of militant leaders and aggression in Lebanon against the Iran-backed armed movement Hezbollah and in Gaza. Despite the increasing risks of the Israel-Iran conflict turning into a wider regional war in the Middle East, Gold price is struggling to capitalize on the risk-off flows, as diminishing odds of a 50 basis points (bps) interest rate cut by the Fed in November keep the sentiment around the US Dollar underpinned at the expense of the non-interest-bearing Gold price.
FOREXCOM:XAUUSDLong
by kripsonfx97
XAUUSD 1H SELL PROJECTION 01.10.24Reason for sell Central banks hold paper currencies and gold in reserve. As central banks diversify their monetary reserves (away from the paper currencies they accumulate and into gold) the price of gold typically rises. Many of the world’s nations have reserves that are composed primarily of gold. Bloomberg reported that global central banks have been buying the most gold since the United States abandoned the gold standard in 1971, with 2019 figures dipping just modestly from 2018’s 50-year record. 4 After a downtick in central bank gold purchases in 2020, the pace picked up again in 2021 and surpassed the 50-year record again in 2022. 2023 also saw a significant growth in central bank gold reserves. 5 6 7 The top gold buyer in 2022 was the central bank of Türkiye, followed by Uzbekistan, India, and Qatar. The top gold buyers in 2023 were China, Singapore, and the Czech Republic. 7 8 9 Silver Bullion. "Top 5 Countries That Were Net Buyers of Gold in 2023."
FXOPEN:XAUUSDShort
by kripsonfx97
Plan trading XAU 23.09.20214➡️ Technical Analysis: Over a long period of time, Gold has formed a reaccumulation structure, and based on cyclical timing, Gold has broken upwards, creating a SOS (Sign of Strength). I've discussed the cyclical nature of Gold in live sessions multiple times. On the H4 chart, we can see that it has created a SOS, and currently, we have a Backup/LPS zone around 2523 - 2530 that hasn't been retested yet. It might not happen in the coming week, but Gold will soon return to retest this level. On a smaller timeframe, like M15, Gold is also forming a reaccumulation range. There is synchronization across timeframes, so I prioritize a BUY strategy with a full target for this week at 2644. A key area to focus on is the Swap Point, which I’ve noted at 2600. Pay attention as the price moves higher and breaks the ATH (All-Time High); there will be increasing selling pressure. If there are sharp drops with large volumes, avoid jumping in immediately. Wait for stable signals before entering trades!
OANDA:XAUUSDLong
by Finn_Rm3x
Plan XAU 20.09.2024✔️ I think gold will move within a wide sideways range today. If you're looking to SELL, aim for the top at 2597 - 2598. ✔️ The lower points will be BUY zones. For these points, manage your capital carefully and gradually with every 1/2R, guys. ✔️ Gold's movement yesterday was quite surprising. Those who SOLD at the FOMC peak likely got stopped out, and the same for those who BOUGHT. This range is quite wide and difficult to trade, so make sure to trade with consistent and stable volume. Don’t double your position size out of frustration from a single stop-loss and let it affect your mindset! ✔️ It's Friday today, wishing you successful trading!
OANDA:XAUUSD
by Finn_Rm3x
XAUUSD 4H SWING SELL PROJECTION 13.09.24Technical Reason for Gold Sell You're looking for technical reasons to sell gold. Here are a few: 1. Overbought conditions: If gold's Relative Strength Index (RSI) exceeds 70, it may be due for a correction. 2. Trend line break: A break below a key trend line, like the 50-day moving average, could signal a sell. 3. Chart patterns: A head and shoulders pattern or a double top could indicate a reversal. 4. Fundamental changes: A strengthening US dollar, rising interest rates, or improved economic conditions could reduce gold's appeal. Keep in mind that technical analysis is not foolproof, and it's essential to combine it with fundamental analysis and market news. Would you like more information on gold trading?
OANDA:XAUUSDShort
by kripsonfx97
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XAUUSD 1H BUY PROJECTION Reason for Bullish Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The anticipation of interest rate adjustments is a critical factor influencing financial markets and investment strategies. Surge in Gold Prices The price of gold has surged over 10% since the start of the year, cementing its status as a preferred hedge against inflation and a sanctuary amid political and economic uncertainty. This significant uptick is largely due to considerable purchases by central banks and a rising demand for safe-haven assets. Gold and Silver Prices Today As of April 5th, 2024, the precious metals market has observed noteworthy movements. Gold prices have reached new highs, driven by global trends and market dynamics, reflecting the continuous appeal of gold as an investment. U.S. Economic Outlook Recent data indicates a slowdown in the growth of the U.S. services industry for March, with a concurrent reduction in the prices businesses pay for inputs, hitting a four-year low. These developments suggest a potentially favorable outlook for inflation, influencing investment decisions and monetary policy.
FOREXCOM:XAUUSDLong
by kripsonfx97
XAUUSD 1H SELL PROJECTION 10.09.24Reason for Bearish Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying. Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest rates as many as three times in 2024, as stubborn inflation started to ease. But current projections suggest only one rate cut is penciled in for the remainder of 2024. Traditionally, a weaker U.S. dollar and lower U.S. interest rates increase the appeal of non-yielding bullion. But a significant decoupling started to emerge in early 2022 and gold’s relationship with U.S. real yields has broken down even further this year. “Gold’s resurgence has come earlier than expected, as it further decouples from real yields. We have been structurally bullish gold since the fourth quarter of 2022 and with gold prices surging past $2,400 in April, the rally has come earlier and has been much sharper than expected. It has been especially surprising given that it has coincided with Fed rate cuts being priced out and U.S. real yields moving higher due to stronger labor and inflation data in the U.S,” said Gregory Shearer, Head of Base and Precious Metals Strategy at J.P. Morgan.
PEPPERSTONE:XAUUSDShort
by kripsonfx97
XAUUSD 15M ASCENDING TRIANGLE BUY PROJECTION 09.09.24Reason for Bullish Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline. A stop loss is typically placed just outside the pattern on the opposite side from the breakout. A profit target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point.
FX:XAUUSDLong
by kripsonfx97
XAUUSD/GOLD NFP NEWS FORCAST 06.09.24The Non-Farm Payrolls (NFP) report is a monthly US labor market indicator that measures the number of jobs added or lost in the previous month. The NFP report is released by the Bureau of Labor Statistics and is usually available on the first Friday of each month. The NFP report is a significant economic indicator that can have a big impact on the global financial markets. Here are some reasons why the NFP report is important: Forex market The NFP report is one of the most significant news announcements in the foreign exchange (forex) market, causing large movements in the market. Interest rate policy The Federal Reserve pays close attention to the NFP report when setting interest rate policy. Economic expansion Increasing NFP numbers may indicate economic expansion, but they may also be a sign of inflation. Economic concerns Decreasing NFP numbers may indicate broader economic concerns. There are two ways to trade the NFP report: Before the release Use deductive reasoning to predict the market's direction before the NFP number is released.
FXOPEN:XAUUSD
by kripsonfx97