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Gold Price Analysis October 14Fundamental Analysis Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating geopolitical tensions in the Middle East also provided additional support for safe-haven bullion. Meanwhile, U.S. Treasury yields and the U.S. dollar (USD) remained elevated amid rising bets for a less aggressive easing policy from the U.S. central bank. This, coupled with a generally positive risk tone and optimism over China’s commitment to increase debt to revive its economy, could keep safe-haven bullion from gaining any further ground. This, in turn, warrants some caution for bullish traders and before positioning for any further upside amid a partial holiday in the US. Technical Analysis With the bank holiday, gold’s range bounds are unlikely to see a strong breakout. The 2665 high is seen as the top zone for today if the price fails to break above this zone by mid-European session. SELL entries can be established around the current price zone and the target level is expected to be around 264x-262x. The 2740 zone remains a strong and notable port zone for today.
OANDA:XAUUSD
by TVS-Trader
4
10.15 Gold Short-term Operation AnalysisGold fell for two weeks without breaking the 2600 area. On Friday, it bottomed out at 2602 and continued to rise. It is currently running at 2646. It did not continue the rise on Friday in the morning. It opened lower and fell by $10. Obviously, it is cold at high places. The continuous buying momentum of gold is not strong. Those who are familiar with the market know that if gold breaks through 2635, it will return to the 2628 to 2675 area to fluctuate. Just pay attention to the pressure of 2665 in the middle. The low opening and low movement in the morning are more due to the risk aversion on Friday. The news on the weekend is calm and there is no risk aversion news. Obviously, gold profit-taking is also a technical need. Since the high has fallen back by nearly $15, it is aggressive to participate in long-term entry, and it is prudent to participate in the 2620 loss in the lower track 2630 to 2625. Now the pressure is concentrated in the 2658 to 2665 area. We insist on not participating in any short-selling operations above 2665, unless the high is adjusted by 15 to 20 US dollars, we can choose to enter the market for short-term long positions. There is no major news today. The expected area is to fluctuate back and forth and wash the market mainly. The area is expected to be 2628 to 2675 for high selling and low buying.
TVC:GOLD
by David_strategy
1
Should we continue to short gold prices now?This week's operation is very simple. You can make money by buying at a low position. Review the trend of last week. After the whole trend had a significant negative impact, the price of gold was supported near the bottom of 2600. Then, with the promotion of geopolitics, the price of gold gradually rose, forming a force where bulls were stronger than bears. The sudden reversal of the market made some investors very panic. And I am here to tell you that this is a huge opportunity in trading. Don't panic. After the market opened on Monday, it first had an expected correction. It was consistent with my expectations. But it fell by about 7 points than I expected. At that time, the expected position was 2650. Those who have read the articles I shared on Friday or the weekend know that I told everyone in advance. Then I notified everyone that the trend of today's opening would rise sharply. Indeed, it rose sharply after the correction. It was only 3 points away from the small target position of 2670. If you are in the experience group, you can see my strategy plan. Trade according to the buying timing of the fast trading strategy. You can get profits from three orders. They were bought at 2656.2650.2645 respectively. Then no matter where it rises to, the profit is very good. So is it the time to short now? Indeed, for those who hold sell orders, this is a very entangled place. If you close the order, you are worried that the market will fall sharply and miss the decline. If you don’t close the order, you are worried that the market will continue to rise and the loss will expand. If you think this way, I suggest you leave me a message. I will tell you a detailed solution. If you don’t hold a short order, then my suggestion is not to rush to sell the gold price. Wait and see. The market will not continue to rise. But it will not continue to fall. Trading is to find a good time in the right trend to buy low and sell high to earn the difference. Please don't be opportunistic. If you want to trade, but don’t know how to trade, leave me a message. COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD I have always emphasized that the current trading opportunities are huge. So if you want to make money from the trading market, remember to seize this opportunity. Instead of blindly trading, let your account go from 1 million to 500,000. Then to 50,000. Then to a few thousand. If you continue to follow me for three days, you will know the current trend clearly. If you continue to follow me for a week, if you become a member of the fast trading strategy, then the profit will be qualitatively improved, because the profit of the previous week is visible and available to every member. Stay tuned. I am George. I hope everything goes well for everyone in trading.
TVC:GOLDLong
by George_parse
XAUUSD / GOLD News as a fuel for setups [Read Description]Currently in bearish bias and looking to keep selling until proven otherwise. Two scenarios I like to play here: A) Decent selling volume below previous daily high - looking to continue selling B) Manipulation and rejection of level - will look for buys Besides a few quick trades, I'm expecting better opportunities tomorrow and the day after; that's where I anticipate the most volume. If market is strong enough, I'll look for major buy in area marked on chart, but seeing price now I don't expect this to happen this week tho. Still you never know, good to have a plan. Cheers.
OANDA:XAUUSD
by Tiwiel
Those who short gold prices must watch! Be alert! The first stage target of gold prices next week is 2670. I have already reminded you in advance on Friday this week. The gold price market is expected to continue to rise after the correction to around 2650. It is suitable to buy at low prices when operating. If there is a leading breaking news, this process will be accelerated. This conclusion was verified over the weekend. Next week, it will be directly reflected in the surge in the gold price market. OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1! This is undoubtedly bad news for those who short gold prices. Gold prices will accelerate in advance next week. If you are a short-selling investor. Remember to be alert to the situation after the market opens on Monday. Maybe it is a good decision to stop losses in time. I am George, an industry insider who has been paying attention to the financial market for more than ten years and maintaining active trading. I will use my professional knowledge to lead everyone to compound interest value-added. If you want to know more, remember to continue to pay attention. Tip: There are many trading opportunities at present, remember not to miss the opportunity to make money now! Others are greedy and I am fearful. Others are fearful but I am greedy.
TVC:GOLDLong
by George_parse
Gold 10.14 short-term technical analysis: shock downwardIn the early Asian session on Monday (October 14), spot gold fluctuated and weakened, currently trading around $2,655.18/oz. Although the US inflation data consolidated the prospect of a rate cut next month, the US PPI data also suggested that the inflation outlook remained favorable, raising the Fed's expectations for a rate cut in November. Gold prices rose by more than 1% on Friday, closing at $2,657.02/oz. At the same time, the safe-haven demand caused by geopolitical tensions in the Middle East also boosted gold. However, the US dollar index continued to rebound and is currently holding near a two-month high, which has made gold bulls cautious. Friday's big rise in gold rose from the support of the daily moving average. We are not overly bearish on this wave. We can see that the daily moving average is around 2,630. Technically, gold is fluctuating at a high level, and the high-level fluctuation channel has been drawn, with resistance at 2,660, so we are short at the resistance level of 2,660. Similarly, gold has found support near 2,610, and gold will continue to fluctuate between 2,610 and 2,660.
TVC:GOLDShort
by David_strategy
1
EURUSD week 42 analysis🌐Fundamental Analysis EUR/USD consolidated near 1.0930 in New York trading on Friday. The major currency traded sideways as the US Dollar (USD) remained flat despite the release of US Producer Price Index (PPI) data showing that producer inflation accelerated faster than expected in September compared to a year earlier. The US Dollar Index (DXY), which tracks the greenback against six major currencies, hovered around 103.00. Higher-than-expected US producer inflation following stubborn inflation data has raised the risk of persistent inflation. However, according to CME's FedWatch tool, this is unlikely to affect market expectations that the Federal Reserve will cut interest rates by 25 basis points (bps) in November. In contrast, Atlanta Federal Reserve Bank President Raphael Bostic has suggested keeping interest rates unchanged at 4.75%-5.00% in November. 🕯Technical Analysis EURUSD's bearish wave has not stopped yet as the pair's DOW waves have not yet shown strength. The strong reaction at 1.090 has established this area as an important support area for the pair next week. The upper limit in front of us is the peak area of ​​1.0980. The widest trading range that the pair will operate next week is around the support area of ​​the previous month's bottom around 1.080 and the disputed resistance area of ​​1.104. The SELL point coincides with Fibonacci and EMA so we can put our trust in trend SELL orders. 📈📉Trading Signals BUY EURUSD 1.080-1.078 Stoploss 1.076 SELL EURUSD 1.104-1.106 Stoploss 1.108
by TVS-Trader
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
1
Are you ready for the next round of profits?Recently, I found many friends who lost money. They are complaining about the bad market environment. In fact, for me, I don’t think so. On the contrary, I think the current market is a good time to make money. Because the market fluctuations are large enough. This provides a good prerequisite for making money. Compared with the fluctuations of a few points every day, I think it is not a good time to trade at that time. The strategy of fast trading has begun to run. If you are still confused or losing money in trading, you can consider joining the group of fast trading instructions. In this way, you can seize the opportunity to trade and expand profits at such a good trading time like most people. The profits in the group for a week are very stable and huge. After all, the market has given such trading opportunities. It would be a bit inhumane if you don’t take these profits. So if you think so too, then join. I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. CAPITALCOM:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
OANDA:XAUUSDLong
by George_parse
When can I short gold prices?From the trend, the gold price will still fall back to 2650 to test the support. If the support is confirmed to be effective, it is an opportunity to buy. The target will reach the pressure test near 2670. Just observe from the trend line. If there is a geopolitical news outbreak that is good for the gold price at the weekend, the effect will be more direct. The gold price may even rise directly. So the trading theme next week is mainly buying on pullbacks. Friendly reminder. To sum up this week's trading, almost all of them are victories. Traders who follow the fast trading strategy have a proud smile on their faces. After all, there is no defeat this week. Yes. The fast trading plan is customized for everyone. Especially for traders with a bad trading mentality, lack of confidence in trading, and always losing money in trading. They don't know how to buy or sell at a precise position and how to set stop profit and stop loss. Hand-in-hand teaching. Let you know that trading can really become very simple. Of course, the final fast trading strategy is oriented to trading results. Traders who don't want to make money are not good traders. Do you think so? Friends who like it remember to click and follow. We will continue to share next week. CAPITALCOM:GOLD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD
TVC:GOLDLong
by George_parse
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2663 Goldturn resistance and 2654, as Goldturn support. We currently have a gap above on market open at 2663 and below at 2654 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2663 EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET 2672 BEARISH TARGETS 2654 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET BEARISH TARGET 2646 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2638 - 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2618 - 2608 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
26
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2669 Goldturn resistance and 2640, as Goldturn support. We currently have a gap above on market open at 2669 and below at 2640 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2669 EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET 2693 EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET 2715 POTENTIALLY 2737 BEARISH TARGETS 2640 EMA5 CROSS AND LOCK BELOW 2640 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2611 EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE SWING RANGE 2584 - 2564 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
GOLD UPDATESHi friends and traders, did you guys fell from a clip of this CPI report? Im expecting the price to go higher 2660-2670 again. but this might takes more days. after the transfer at 2636 it might go back to 2606 again. This is not a financial advice. see that charts flow. but this flow is depending on the market conditions of liquidity on both sides, so be prepare. edge from down to high. if down to our POI then lets think a buy, with small stoploss, if price goes high 2660-2670 I would recommend to sell.
PEPPERSTONE:XAUUSD
by D1GITALTRADES
XAUUSD: Can the rebound last? Where to enterYesterday, when most people in the market were still bearish, I clearly pointed out that gold had a bottom divergence pattern and bought in the 2605-2615 area. Friends who followed the copy signal made a lot of profit! The most important data this week are yesterday's CPI and initial jobless claims data. Among them, the CPI data all exceeded expectations. The data did not meet expectations, which was bearish at first glance, but you can analyze it yourself. You can compare the previous value with the published value, which is bullish for gold. In addition, the number of initial and continued unemployment claims rose sharply at the same time, reflecting the signs of weakness in the US job market. The trend of gold prices also fell to the 2605 support level after the data was released, and then rose rapidly. The current highest price is 2647 US dollars. From the chart, the current support area is in the 2624-2630 area, and the upper resistance is near 2653, which is also the 0.618 position of the Fibonacci retracement. Now the price is running at 2637. When the price runs between the support and resistance, everyone knows that I will not participate because the risk is relatively large. Therefore, today I will give you two options for your reference, and I will implement them when the time comes. The first option is to wait for a pullback to the 2624-2630 support area and buy bullishly. The upper target is 2640-2645 first, followed by 2660-2670 The second option is to choose to short near 2653, with the target of 2630-2624, followed by 2605 Whichever one arrives first, I will resolutely implement it, and I think the possibility of the second one is not great, so I am more optimistic about the first option, and what about you?
TVC:GOLDLong
by AntonyTP
4
How will the New York market trade on October 8?The current gold price is quoted at 2647.72. Does the current investment sentiment expect the market to rise or fall? Interpretation: The current trend of gold prices. It is not difficult to see from the chart. The market is currently in a high-level consolidation stage. It has formed an inverted triangle consolidation trend. Every time it goes high and falls. But the support near 2620 below still exists. MA and MASD echo each other. The probability of selling at a high level to make a profit increases. News: The probability of a rate cut is uncertain, and the number of points of the rate cut also decreases. To a certain extent, the probability of the Federal Reserve's central bank cutting interest rates is very low. In terms of geopolitics, Syria's retaliation has not yet begun. There is uncertainty. In fact, from these two aspects. It is only a matter of time before the price of gold falls. Tip: (Geopolitical outbreaks are sudden, so the fall in the price of gold is not absolute, and investors need to face it rationally). This is an interpretation of market news for a short period of about half a month. It has a certain reference value. In terms of operation, this is also an area that many investors pay close attention to: whether it is ultra-short-term, short-term or medium-term. In terms of operation, the principle of selling high and buying low is maintained for trading. You need to pay attention to risks when trading, this is the first point. At present, the market gold price is in the adjustment stage. Under the premise that there is no dominant news, the gold price can be maintained in the range of 2620-2630 for buying. 2660-2650 is the selling price. This operation strategy will be maintained for a period of time. Until the range adjustment ends, or there is a dominant breaking news that affects the trend of gold prices. Then the ultra-short-term trading strategy is real-time, which requires short-term trading in combination with the intraday time period. It is also necessary to plan in combination with the events of the day. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! CAPITALCOM:GOLD It depends on whether investors like medium-term trading or short-term or ultra-short-term trading. For medium-term trading, you can continue to refer to the strategy analysis I publish every day and trade on your own. If you want to complete ultra-short-term trading. You can follow me for more accurate follow-up. For different students, you can develop a quick start plan separately. It is helpful for recovering losses or expanding profits in the short term. I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now.
OANDA:XAUUSDShort
by George_parse
Huge fall.Today's trend is really pleasing. After all, the profit is obvious. I believe that members who follow the quick instructions to trade have great gains. US media: Hezbollah publicly supports a ceasefire in Lebanon for the first time. Under the influence of this sudden news, the price of gold fell sharply. The current quotation is 2620. It came to the support below. But I think the price of gold will continue to rebound, and soon. If you need such real-time guidance, remember to tell me. In fact, it is normal to draw such a conclusion. Because there are more than ten years of market analysis foundation here. The two consecutive days of events this week can accurately carry out some good transactions. This is not accidental, but an understanding of the market. If you are confused about your current trading. You can refer to the effect of quick instructions. It is only a matter of time to recover losses. If you buy at a high position, you should do this. Because starting earlier can reduce the expansion of losses. I am George. I am an industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to stay tuned. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDLong
by George_parse
Gold Price Rally Continues: The Safe Haven InvestmentGold prices have been experiencing a consistent upward trend. This move has further solidified gold's position as a sought-after investment, particularly during economic uncertainty. As prices continue to hit new records, the yellow metal remains an attractive asset for investors seeking both security and potential returns. The allure of gold as a safe-haven investment is well-established. In periods of market volatility or economic turmoil, investors often turn to gold as a hedge against inflation and currency devaluation. Its physical nature, unlike stocks or bonds, provides a tangible asset that can be held onto during times of crisis. Additionally, gold's limited supply and increasing demand from emerging markets have contributed to its upward price trend. Beyond its role as a haven, gold has also been gaining popularity as an investment asset. Many investors view gold as a long-term store of value, believing that its price will appreciate over time. While there are periods of volatility, the overall trend has been upward, particularly in recent years. Gold can also be a diversifier in an investment portfolio, helping reduce overall risk. The continued rise in gold prices has also spurred interest in gold-backed investments. Exchange-traded funds (ETFs) that track the price of gold have become increasingly popular, offering investors a convenient and liquid way to invest in the precious metal. These ETFs can be bought and sold on stock exchanges, making them accessible to more investors. However, it's important to note that investing in gold is not without its risks. While gold has historically been a good hedge against inflation, there are no guarantees of future price appreciation. Economic conditions, geopolitical events, and changes in investor sentiment can all impact the price of gold. Investors need to do their research and consider their risk tolerance before making any investment decisions. In conclusion, gold continues to be a highly sought-after investment asset. Its reputation as a safe haven, coupled with recent price increases and the reduction in customs rates, has made it even more appealing to investors. Whether as a hedge against inflation, a long-term store of value, or a diversifier in an investment portfolio, gold offers a unique set of benefits. However, it's important to approach gold investing with a long-term perspective and a thorough understanding of the risks involved.
OANDA:XAUUSD
by bryandowningqln
Gold Retracement Opportunity: Targeting Key Fib Levels!Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend indicating a likely pullback to mitigate recent upward movement. Key technical levels : • TP1: 2,634 • TP2: 2,628 • TP3: 2,620 Risk Management: This trade setup provides favorable risk-reward metrics, but it’s essential to maintain disciplined risk management. Stop loss (SL) is placed just above the upper boundary near recent highs to minimize downside exposure. It is advisable to take partials as the price hits respective TP levels, securing profits while reducing exposure. Be prepared to adjust stop losses to break-even or beyond as the trade moves in our favor, ensuring we protect capital and lock in gains. Conclusion : This trade offers a strategic entry for traders looking to capitalize on a potential gold retracement, given the technical alignment and FibCloud setup. As always, risk management is key in navigating market volatility, especially during news-sensitive periods. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAUUSDHere is our overall progressive view on XAUUSD . Potential short opportunity. As of now, XAUUSD is struggling to break 2650 . If we break above this level we could see higher highs and we will continue to the upside possibly to the ATH . However , If we break below 2635 , we could see a downside move to 2624 . If that level is broken we can continue down to 2604 which we struggled to break last few days. A clear break below 2604 would result in deep pullbacks down to 2590 and below. KEY NOTES - XAUUSD is struggling to break 2650. - Break above 2650 would result in higher highs. - Break below 2635 would confirm sells. - Break below 2624 could result in revisiting 2604. - Break below 2604 would result in a massive downside move. - Break below PBA would result in deeper pullbacks. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
2
Gold (XAUUSD) Analysis: Can the Rally Continue to New Highs?Gold (XAUUSD) has been on a remarkable rally, moving from the $1,870 level to its current price around **$2,640**. This upward momentum has caught the attention of traders and investors alike, prompting many to ask: **Can gold continue this upward trajectory and reach new highs?** Key Technical Levels and Fibonacci Analysis The current rally has seen gold surpass several key resistance levels. Using Fibonacci retracement and extension tools, there are some important levels to watch going forward: - **$2,618**: This extension level, derived from the initial upward move from $1,870, could serve as the next potential resistance. If gold can maintain momentum above this level, the bullish case strengthens. - **$3,160**: A longer-term Fibonacci extension based on the previous significant low ($1,870) suggests that **$3,160** could be a target in the event of sustained momentum and macroeconomic support. In the short term, **support is expected around $2,500**, which coincides with prior consolidation areas. If this level holds, it could act as a base for the next leg higher. Momentum and RSI Indicators The **Relative Strength Index (RSI)** is currently in overbought territory, indicating that gold may face short-term resistance or consolidation before resuming its upward movement. However, in strong trending markets, assets can remain overbought for extended periods, suggesting that caution should be balanced with the broader trend. Fundamental Drivers The ongoing rally in gold is largely driven by global macroeconomic factors: 1. **Inflation and Monetary Policy**: Persistent inflationary pressures have kept central banks, particularly the Federal Reserve, in a difficult position. While interest rates have been rising, gold continues to act as a hedge against inflation and uncertainty. The real interest rate (adjusted for inflation) remains historically low, providing further tailwinds for gold. 2. **Geopolitical Risks**: Ongoing geopolitical tensions and uncertainties surrounding global growth are also bolstering safe-haven demand for gold. Any further deterioration in global stability could lead to even higher demand. 3. **Weaker USD Outlook**: The U.S. dollar has shown signs of weakening, which historically supports gold prices. A dovish pivot from the Federal Reserve or prolonged economic uncertainty could add pressure to the dollar, making gold more attractive as an alternative asset. Sentiment and Market Positioning Investor sentiment remains overwhelmingly bullish, with large institutional players increasing their gold holdings. The **Commitments of Traders (COT)** report shows that speculators have significantly increased their net long positions in gold, reflecting widespread market confidence. However, one must remain cautious of potential profit-taking at these levels, especially given the magnitude of the recent rally. A healthy pullback or consolidation phase could offer new opportunities to join the trend, but traders should watch key levels closely. Conclusion: Outlook for Gold Gold has seen an impressive move from $1,870 to its current price of $2,640, with fundamental and technical factors supporting the possibility of further gains. While some consolidation or a short-term correction is possible, the long-term uptrend remains intact, and a move toward **$3,160** is plausible under the right conditions. Key areas to watch: - **Resistance**: $2,640 (current level), $2,900, and $3,160. - **Support**: $2,500 and $2,400. Traders should monitor central bank policies, geopolitical events, and the U.S. dollar's performance closely, as these factors will likely dictate the next significant move in gold prices. Staying mindful of potential pullbacks, the outlook for gold remains bullish as long as the macroeconomic landscape continues to favor safe-haven assets. Let’s see how the market unfolds!
OANDA:XAUUSDLong
by sailortrades
The two-way rush of the US dollar and gold awaits PPI dataAfter 6 consecutive negative lines, the gold daily line rebounded near 2600 yesterday, and directly rose to 2630. At present, it has reached the 45-day level. Although the big positive line rose yesterday, it does not mean that the market has reversed. It is still operating in the channel range. Gold has not formed a dead cross in the 4-hour period. It has not broken down now. If it breaks down, the downward space of gold can be opened. Short-term gold will start to fluctuate. The 2600 line below gold has not been broken three times. Today, gold can hold 2600 and go long first. After the middle-yin line broke down, there was no strong continuation. Instead, the oscillation back and forth consumed the downward momentum. In the past few days, the support of 2600 line has been tested several times in a row, but it has not been successfully broken down. This shows that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. The upper side still needs to focus on the 2650 line pressure level. If it breaks through this position, then this round of callback will come to an end. Otherwise, gold will continue to fall. Detailed intraday operation strategy: SEII: 2650 Target: 2630-2620 BUY: 2625 Target: 2650----2660
TVC:GOLD
by David_strategy
6
Gold Analysis October 10Fundamental Analysis Gold prices attracted some buyers on Thursday and now appear to have snapped a six-day losing streak to a near three-week low around the $2,605-2,604 region tested the previous day. However, the rally lacked bullish conviction and is likely to run out of steam amid growing bets that the Federal Reserve (Fed) will cut its benchmark interest rate by 25 basis points (bps) in November. This has helped the US Dollar (USD) maintain its recent strong gains to an eight-week high and will act as a drag on the non-yielding yellow metal. Traders may also prefer to stay on the sidelines and wait for the release of key US consumer inflation figures later in the North American session. The important US CPI report could influence expectations for the size of the Fed rate cut next month, which would boost demand for USD and provide some meaningful impetus to Gold prices. In addition, developments surrounding the ongoing conflicts in the Middle East will be looked at to capture short-term opportunities around the safe-haven precious metal. Technical Analysis The price range to watch for CPI trading strategies. The upper price range of 2626 and 2638 became one of the first major SELL zones in the Asian session yesterday. The 2638-2640 area is the critical zone of the EMA. The lower price range is focused on the US session around 2605 and the important breakout zone of 2594 will be notable in today's US session. This short-term downtrend is not over yet as the gold price has not been able to close the day above the 263x area. Wishing everyone a successful trading.
OANDA:XAUUSD
by TVS-Trader