XAUUSD_Bull lost the initiative for the time beingGold price today on August 17 on the market continued to plummet to 1893.03 USD/ounce and lost the support level of 1,900 USD/ounce.
Gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerate monetary easing to revive their economies, pushing down gold prices.
The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated.
Trading plan:
BUY XAUUSD around price: 1885 - 1883
Stoploss : 1879
Take Profit : 1890
Take Profit : 1900
Take Profit : 1905
Xauusdshort
Plan Buy waits for the news todayThe dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback.
Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders.
The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated.
BUY XAUUSD around price: 1885 - 1887
Stoploss : 1880
Take Profit : 1890
Take Profit : 1900
Take Profit : 1905
There are signs of gold's recoveryTVC:GOLD Price cheers US Dollar decline, as well as mixed effect on market consolidation ahead of top US data/events to depict recovery correction rebound from 5-week low.
Going forward, US Retail Sales for July, expected to be 0.4% month-on-month versus 0.2% prior, will be important to keep an eye on the intermediate directions of TVC:GOLD Price.
US retail sales, FOMC Minutes looking for clear directions, risk catalysts also in the spotlight.
Trading plan:
SELL XAUUSD: 1919 - 1921
Stoploss : 1926
Take Profit : 1915
Take Profit : 1910
Take Profit : 1900
Note : TP, SL full to be safe and win the market !
Gold price today: Under the pressure of USD, gold price continueThe world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning.
The world gold price continued to decline today as the dollar soared after China released many disappointing economic data.
Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded expectations. Inflation has fallen to 3%. Consumer sentiment is improving.
Although USD rebounded on positive signals from the US economy, this currency in the medium and long term is in a downtrend. The Fed will soon reverse monetary policy, from tightening to easing, thereby putting pressure on the USD. A fall in the USD price will pull the gold price up.
Trading plan:
SELL XAUUSD price range: 1913 - 1915
Stoploss : 1920
Take Profit : 1910
Take Profit : 1905
Take Profit : 1900
Note : TP, SL full to be safe and win the market !
XAUUSD : Golden forecast for a new weekGold prices eased slightly during the Asian session on Monday and fell to the $1,911-$1,910 zone, or the lowest since July 7 in the past hour. However, the intraday downtrend lacks further selling, warranting caution for the strong bearish traders and positioning for the recent extension of the bearish trajectory witnessed in about the past three weeks.
The Federal Reserve's (Fed) outlook for further policy tightening should lift the US Dollar to fresh six-week highs and turn out to be a major factor acting as a headwind for the US Dollar. Gold price does not yield interest. Bets were reaffirmed by the US Producer Price Index (PPI) on Friday, which rose slightly more than expected in July.
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!
What is left after the gold CPI news?Gold prices make a modest recovery from July 7 lows around the $1911-$1910 region set during the Asian session this Friday and, for now, appear to have broken a four-day losing streak. price. XAU/USD is now trading around the $1,915-$1.916 region, up more than 0.10% on the day, despite a lack of bullish confidence and remains vulnerable.
The US dollar (USD) is having a hard time capitalizing on a solid overnight bounce from over-week lows on weaker consumer inflation figures from the United States (USD) and a pullback. from the vicinity of the monthly high. The softer greenback is seen as the main driver of money flow towards the US dollar-denominated Gold price
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!
GOLD 9/8 : What will happen to the gold CPI news?Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive.
A generally softer tone around the equity markets, coupled with a modest drop in the US Dollar (USD), turned out to be the main support factor for Gold prices. Weaker China trade data released on Tuesday raised concerns about a worsening outlook for the world's second-largest economy. In addition, Moody's downgraded the debt ratings of a number of US banks and reduced investor demand for riskier assets. Anti-risk money flows tend to favor safe-haven precious metals.
XAUUSD 8/9 : Today's CPI ForecastXAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July.
Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to more normalcy and while looking at the possibility of a soft landing, he added that supply chain problems are recovering. Furthermore, he said the Fed can be "patient" and keep rates steady, though he made clear September's decision will depend on upcoming data.
XAUUSD 10/8 : CPI is approachingGold (XAU/USD) prices fell to a one-month low as they fell to $1,914 in the early hours of the Asian session on Thursday. With that said, the precious metal doesn't welcome any positive news from China, or a drop in the US Dollar ahead of US inflation data. The reasons could be related to market concerns about the health of the banking industry and the global economy.
If the US inflation data turns upbeat, Gold Price could soon breach the key support level and slide below the $1,900 support while the upbeat outcome could trigger a corrective rally. correction has been long awaited.
Gold today 09.08 hit a 1-month lowStrength in the dollar kept broader metal markets depressed, as investors awaited more economic cues from U.S. consumer price index (CPI) inflation data due on Thursday
Non-yielding assets such as gold and other precious metals logged steep losses this week. Spot gold steadied at a one-month low of $1,926.20 an ounce, while gold futures expiring in December were flat at $1,960.05 an ounce by 20:12 ET (00:12 GMT). Both instruments were trading nearly 1% lower for the week.
Dollar rise causes gold to plummet to the price zone 1922, the lowest level in the past 1 month, I think it will continue to decrease, we should play short,to be safe we should establish a buy order as soon as the price moves to the last support zone 1922 - 1925.
What is your idea? Let me know below in the comments! Thank.
gbpusd analysis Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 2.6 and 1:5
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
xauusd short Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 4
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
Gold 07.08 moved sideways in a narrow range.Inflation is expected to have picked up again after a sharp decline in June- a scenario that could push up expectations of more interest rate hikes from the Federal Reserve.
Gold is expected to retreat further on a strong inflation reading, while the dollar is set to appreciate.
The prospect of higher-for-longer U.S. interest rates has weighed heavily on the yellow metal in recent weeks, with traders preferring the dollar even as Fitch downgraded the U.S. sovereign rating.
The h1 chart I'm showing shows that gold has been flat in a narrow range since Aug. 2. volatility on Friday's non-farm news. I think it will continue like that until the end of the Australian session, the Asian session. before finding the resistance at 195x.
What is your idea? can let me know in the comments, thanks!
Gold news today 02/08Some signs of recovery in the U.S manufacturing sector and construction spending boosted the dollar as markets feared that resilience in the U.S. economy will give the Fed enough headroom to keep raising interest rates.
On the H3 chart, bearish momentum is clearly formed, I think the price line will return to retest the 196x support area before continuing the downtrend, We invite you to watch today's Non-Farm newsletter for the best trading direction. Let me know your ideas below in the comments. Thank !
ADP - Market is concerned about Gold PriceSome signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate.
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's strength was also boosted by anxiety ahead of key US nonfarm payrolls data on Friday, which kept traders away from non-yielding assets like gold.
SELL XAUUSD zone 1958 - 1960
Stop Loss : 1967
Take Profit 1: 1952
Take Profit 2: 1945
Take Profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD SELL CONTINUATION 30.07.23Reason Behind XAUUSD/GOLD Sell
1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel
2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910
3.Continuation of Last W pattern still Valid and smoothen teh downtrend
Over all Possible Outcomes
XAUUSD SELL @ 1965-73
SL 2000
TP 1940
TP 2 1910
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