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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold approaches key upside hurdle ahead of US PCE InflationAfter hitting an all-time high, gold prices are losing momentum as buyers await the US September Core PCE Price Index, the Fed's favorite measure of inflation. Bulls may slow down, but are still in the game On Thursday, FOMC Chair Jerome Powell's reluctance to discuss monetary policy joined the market’s dovish bets on the US central bank to propel the Gold price, especially amid the rush for a haven amid uncertain markets. Technically, the bullish MACD signals add strength to the upside bias for the precious metal. However, the overbought RSI (14) and nearness to an upward-sloping resistance line from December 2023, close to $2,695 at the latest, challenge the bullion’s further advances. Technical levels to watch With the overbought RSI indicating a $2,695 hurdle for gold buyers, the $2,700 level serves as an additional barrier to monitor for better trading opportunities. Beyond that, a potential surge toward the 100% Fibonacci Extension (FE) of February-June moves, near $2,757, can’t be ruled out. Gold sellers should watch for a clear break below the four-month resistance line at $2,620. If this occurs, the 61.8% and 50% Fibonacci Extension levels around $2,578 and $2,522 could draw in bears. Key targets below $2,522 include $2,467 and $2,399. That said, a break below the convergence of the 200-SMA and a year-long support line at $2,288 could signal a trend change for traders. What next? A positive surprise from the US Core PCE Price Index could spark the anticipated pullback in gold prices. However, the dovish Fed stance and strong technical support may prevent XAUUSD bears from gaining control.
OANDA:XAUUSD
by MTradingGlobal
Will Gold Break a New Record?Hello everyone, Alisa here! Will gold prices maintain their upward momentum today? Let’s analyze it together! Escalating tensions in the Middle East have raised concerns about a larger-scale conflict, prompting investors to turn to gold as a safe haven. Additionally, better-than-expected U.S. labor market data has increased expectations for the Fed to continue its loose monetary policy, thereby supporting the rise in gold prices. Looking at the technical chart, gold is moving within an upward channel, indicating that the positive trend is still intact. The 2,540 support level serves as a solid foundation, providing momentum for a new rise. The stable alignment of the 34 and 89 EMAs further strengthens investor confidence. With these supporting factors, the short-term target of 2,700 is entirely feasible. What about you? What do you think about gold prices today? Let me know your thoughts!
OANDA:XAUUSD
by Alisa_Rokosz
XAU/USD: Awaiting a Breakthrough at $2,720 or Correction?The XAU/USD chart on September 26 tells an exciting story of gold's bullish momentum. After hitting $2,661, gold is steadily advancing, shielded by two strong supports—EMA 34 at $2,540 and EMA 89 at $2,448. These support levels act as fortresses, holding buyers firm and allowing gold to continue climbing. However, all eyes are now on the key psychological resistance near $2,720, a critical barrier that, if broken, could pave the way for new highs. Upcoming FOMC statements could significantly impact XAU/USD.
OANDA:XAUUSDLong
by Romio_pro
XAUUSD until 2621 not break uptrend will continue 2695,272TargtDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
XAUUSD - Financial Insights 26/09/2024Summary: Things are getting worse, slowly but worse, XAUUSD will reach 3K at the end of this year 1. Title: Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time Source: Bloomberg Problem: China's economy faces a deflationary slump due to a property market crash, weak consumer demand, and trade tensions. Solution: The central bank launched aggressive easing measures, including interest rate cuts, more liquidity, and housing incentives. Result: Markets surged, but economists warn these actions provide only temporary relief without deeper reforms. Prediction: Further fiscal policies and structural reforms are needed to avoid long-term stagnation and drive sustainable growth. 2. Title: China Cuts One-Year Policy Rate by Most Ever in Stimulus Drive Source: Bloomberg Problem: The Chinese economy faces potential deflationary pressures, prompting the need for significant monetary stimulus. Solution: The People’s Bank of China (PBOC) cut the medium-term lending facility rate by 30 basis points to 2%, initiating a broader stimulus package to boost economic confidence. Result: The yuan strengthened, and Chinese stocks gained, with expectations for further monetary easing, including future rate cuts on reverse repurchase notes. Prediction: Analysts anticipate additional rate reductions and liquidity measures to support the economy, aligning funding costs more closely with market rates in the coming months. 3. Title: OECD Upgrades UK Growth by Most in G-7, Warns on Inflation Source: Bloomberg Problem: UK faces high inflation, with the BOE struggling to meet its 2% target. Solution: The government plans to increase investment, focusing on infrastructure and the green transition. Result: UK growth forecast upgraded to 1.1% in 2024 and 1.2% in 2025, but inflation remains high. Prediction: BOE may delay interest rate cuts due to persistent inflation and wage pressures. 4. Title: Global Economy Moves Beyond Inflation Crisis to Stable Growth Source: Bloomberg Problem: The global economy faces risks from geopolitical tensions, soft labor markets, and potential financial market upheaval as inflation eases. Solution: Central banks can cautiously cut interest rates while monitoring data closely, avoiding rapid reductions. Result: OECD projects global growth to stabilize at 3.2% for 2024, with moderating inflation expected in G20 nations by the end of 2025. Prediction: While growth forecasts for the US and euro area remain steady, the OECD warns of significant risks that could impact the global economic outlook. 5. Title: Danish Central Bank Slashes Inflation Forecasts as Wages Cool Source: Bloomberg Problem: The Danish labor market pressure has eased, but there are concerns about potential inflationary risks from the government's proposed 2025 budget. Solution: The central bank has reduced its inflation forecasts for 2024 and 2025, anticipating slower wage growth due to a less tight labor market. Result: Inflation is now forecasted at 1.3% for 2024 (down from 2.2%) and 2.1% for 2025 (down from 2.6%), indicating a more stable economic environment. Prediction: The central bank warns against loosening fiscal policy too soon, as it could destabilize the current balance in the labor market. 6. Title: BOE’s Greene Calls for ‘Cautious’ Approach to Rate Cuts Source: Bloomberg Problem: Strong wage growth and resilient economic activity pose risks, prompting concerns about inflation remaining sticky in the UK. Solution: BOE policymaker Megan Greene advocates for a cautious and gradual approach to interest rate cuts, ensuring that inflationary pressures have subsided before making significant changes. Result: The market reflects skepticism about immediate rate cuts, with current pricing suggesting a cut in November but a 60% chance of a follow-up in December. Prediction: Greene emphasizes the need for ongoing observation of wage trends and consumer spending to gauge future monetary policy adjustments. 7. Title: Fed's Bumper Rate Cut Revives 'Reflation Specter' in US Bond Market Source: Reuters Problem: The Federal Reserve's aggressive rate cuts raise concerns about re-igniting inflation in the U.S. economy. Solution: The Fed's 50 basis point rate cut aims to recalibrate its approach, focusing on maintaining a strong labor market while managing inflation. Result: U.S. bond yields have risen as investors reassess inflation expectations, reflecting uncertainty over future economic conditions. Prediction: A gradual return to higher inflation could impact bond markets, and the central bank may need to adjust its strategy if inflation does not remain subdued. 8. Title: Investing.com Poll: Where do you see gold prices by the end of 2024? Source: Investing.com Problem: Gold prices have recently surged, driven by the Federal Reserve's rate cut and investor sentiment. Solution: Analysts expect ongoing rate reductions, which make gold more attractive as a non-yielding asset. Result: Gold prices have rallied over 5% this month, defying historical trends for September. Prediction: While traders anticipate potential cooling in gold returns, any downside is likely to be limited, suggesting a strong long-term outlook for the metal. 9. Title: With Fed Easing Underway, What's Next for Markets? UBS Weighs In Source: Investing.com Problem: The recent rate cut by the Fed raises questions about future economic conditions and market stability. Solution: UBS believes the rate cut signals a willingness to support the economy, but emphasizes the need for clear labor market data to ensure a soft landing. Result: Markets have reacted positively to the rate cut, but uncertainty remains regarding the ultimate impact on growth and inflation. Prediction: A "Roaring '20s" scenario is considered an upside risk, but market volatility could re-emerge as investors seek clarity on the economy's trajectory. 10. Will Fed policy trigger a US recession? Claudia Sahm: Does not believe the US is currently in a recession, despite her namesake "Sahm rule" being triggered. Is concerned about the direction of economic indicators, with payroll gains slowing and unemployment rising. Puts higher odds of recession now than earlier in the cycle, but doesn't provide a specific percentage. Believes the Fed is at risk of making an "unforced policy error" if they don't cut rates soon enough, potentially leading to an unnecessary recession. Bill Dudley: Puts 50-60% odds of a recession in the next 12 months. Believes the Fed is "a bit behind the curve" in reducing interest rates given increased economic risks. Thinks a soft landing is possible but historically difficult for the Fed to achieve. Expects any potential recession to be mild due to strong household and business balance sheets. Rob Kaplan: Seems less concerned about recession risk than Dudley. Believes the job market is softening as intended, but not "falling out of bed." Thinks the Fed may be tactically behind by "a meeting or two" but not strategically behind. Expects the Fed to likely cut rates in September, November, and December, despite potentially hawkish rhetoric. 11. Title: Powell Emerges Stronger After Leading Fed to Big Rate Cut Source: Bloomberg Problem: Federal Reserve officials were divided on how aggressively to cut interest rates, amidst weak jobs data and inflation pressures easing. Solution: Chair Jerome Powell advocated for a significant 50 basis point rate cut to safeguard against potential risks to the labor market. Result: The majority of Fed officials supported the larger cut, reflecting Powell's strengthened leadership and consensus around his approach to manage economic risks. Prediction: If labor market data continues to disappoint, another substantial rate cut could occur in the future, as Powell aims to ensure a soft landing for the economy. 12. Title: Gold price consolidates below all-time peak, awaits Fed Chair Powell’s speech Source: Investing.com Problem: Gold prices are confined below their all-time peak due to rising US yields and a strong USD, creating uncertainty in the market. Solution: Traders are awaiting comments from Fed Chair Jerome Powell and other influential FOMC members, which may influence expectations for another 50 bps rate cut in November. Result: Current gold prices are stable around $2,650, supported by dovish Fed expectations and geopolitical tensions, despite technical indicators suggesting overbought conditions. Prediction: Upcoming economic data and Powell’s speech will be critical in determining gold's direction, with potential fluctuations as traders evaluate the likelihood of further rate cuts and their impacts on market sentiment.
OANDA:XAUUSD
by TheChartist_Code2trade
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
1
XAU/USD: Historic Breakout or Awaiting a Pullback?Gold prices continue to shatter records, reaching an all-time high of $2,664, fueled by declining consumer confidence in the US, weakening Treasury yields, and a softer US dollar. Two strong support levels at $2,629.123 and $2,613.812, protected by the EMA 34 and EMA 89, act as shields for gold’s bullish momentum. However, the biggest hurdle remains the resistance at $2,685.993 – the key level that will determine whether gold can continue its upward climb to new heights. If the price breaks through this resistance, the potential for further gains looks promising. Meanwhile, economic news from the US and statements from the FED could change the game at any moment. Traders, be ready – opportunities like this don’t come twice. Get set for a powerful breakout!
OANDA:XAUUSDLong
by Romio_pro
The Growing Attraction in a Volatile WorldThe gold price chart shows a clear upward trend since the beginning of September, with the EMA 34 and EMA 89 both signaling a strong upward momentum. The weakening of the USD, along with global economic stimulus measures and political tensions, have pushed gold prices higher. Especially in the context of major central banks around the world - from the US to Europe, and the People's Bank of China - all spreading monetary support packages like spring rain, further fueling the desire to invest in gold. Gold remains a safe haven and attractive asset in the current unstable context. Investors need to closely monitor market developments to seize opportunities and adjust strategies promptly.
OANDA:XAUUSD
by Alexander_FXTrading
Gold: The Fever Shows No Signs of Cooling DownHello everyone, it's Alisa again. Will gold go up or down today? Let’s analyze it together with Alisa! Despite facing strong profit-taking pressure, gold prices have remained at an all-time high. This suggests that investors are still optimistic about the possibility of further rate cuts by the U.S. Federal Reserve in the near future, especially after the latest inflation data was released. Looking at the technical chart, the trend is still upward, and the 34 and 89 EMAs are running steadily with no signs of reversal. With support at 2,626, this precious metal continues to rise, targeting the 2,688 mark. Alisa thinks this precious metal will soon break its record high and aim for 2,700. What do you think about gold’s movement today?
OANDA:XAUUSD
by Alisa_Rokosz
Gold is purely on bullish modewith the current news event on rise with another rate cut upto 100 basis points, we can clearly see that gold is no option for investors to hedge their risks. A good buy zone can be seen from 2625 levels to accumulate and hold for rise in coming new trading sessions. Buy can be done only if the retracement below 200 ema is clearly seen on charts . We should strongly reject buy side if the gold falls down sharply with large size candles with each candle size beyond 3 $ each. which will signal us temporary cooling down and we should then wait for gold to test 2600 $ levels.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold 2693,2700 Target still possible if 2645 break then fall Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685
OANDA:XAUUSD
by TVS-Trader