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Gold Cpi Confirm Chart The US Consumer Price Index, on a yearly basis, is expected to rise 3.1% in November, at a slightly softer pace than the 3.2% increase recorded in October. The Core CPI figure, which excludes volatile food and energy prices, is forecast to hold steady at 4% in the same period. The monthly CPI and the Core CPI are seen rising 0.1% and 0.3%, respectively. Oil prices continued to decline in November, with the barrel of West Texas Intermediate falling another 7% after declining about 10% in October. Meanwhile, used car prices fell 2.1% in November, bringing the annual rate of fall to 5.8% in that period, according to the Manheim Used Vehicle Index.
OANDA:XAUUSDShort
by FxJohnson
1
GOLD Possible News Move?Just got back from the gym - Checking it now ,seeing as we have news in 15 minutes or so The fact that gold is pushing so aggressively prior to said event - further strengthens the case for sells in my opinion Why would it go through all this stress to buy before the news and continue to buy? when we know we need to destroy buyers at the low This bull push could be to continue to induce buyers at this point only to crash gold further down to take out liquidity of all buyers who bought on the trend and at the low I think the green line is the path for this news event - More sells definitely make more sense to me at this point between now and the news event itself I wouldn't sell yet by the way - I need confirmation of momentum (bearish) first What do you think? Downvote\don't boost if you didn't read this entire post and didn't try to understand OR Upvote\boost if you did read this entire post and did try to understand
OANDA:XAUUSDShort
by Brandon_evo4
Gold trading ideas todayThere was little oscillation during the Asian session last Friday. After ascending to $2034, gold plummeted below $2000 after the employment data was released. Moreover, gold once reached $1995, and then rebounded above $2000 after gaining support, ending the two consecutive gains with a big bearish candle, and returning to a weak pattern. At present, gold fell from highs and lost the previous gain in the weekly chart, indicating a downward bearish signal. Nonetheless, gold showed an oversold pattern in the 1H chart, and the MACD located at the oversold area to form a golden cross, suggesting a possible rebound in the 1H chart today. Thus, investors should focus on the resistance near $2009, and aggressive investors can go short with small positions there. Today, the trading range will be from $1986 to $2009, in which investors can buy low and sell high. TVC:GOLD XAUUSD SELL 1996 - 1998 - 2000 ✔️TP: 1086 🚫SL: 2005
TVC:GOLDShort
by TinaTradingGold
GOLD Sells? Despite being a bullish market?Good Morning Folks - So what we wanted to see last week on gold which would be that gold found its directional bias to be bullish again. Yeah, no that didn't occur I Said I wouldn't trust buys until the previous ATH is at least achieved and I stand by that At this time gold is clearly bearish momentum based even though gold itself is a bull market. My question is why? Why would it be bearish in a bull market? My answer? I think there is a lot of liquidity trapped lower that the dealer sees fit to go capture in order to continue his bull move If he could have bought the market you can get your last buck he would have, so we have to assume he can't so who won't I'm monitoring this purple zone here it seems like a break and retest - It also looks like a possible w pattern which would normally signal a reversal to go back bullish but again that doesn't give me a lot of confidence My law says - "Never go against the momentum unless a reversal is clear" - @ekatatrading \ Brandon Abass. So I guess sells are on the table seeing as I don't think that is a likely reversal Don't Boost if you didn't read this entire post and didn't even try to understand OR Boost if you did read this entire post and at least tried to understand Follow me for more breakdowns like this - It's FREE
OANDA:XAUUSDShort
by Brandon_evo4
A GOLD buyers Trap?What's up guys so I've closed my sell but I'm still looking at gold itself and I want to discuss this price action within this green circle here This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower? By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all Let us monitor
OANDA:XAUUSDShort
by Brandon_evo4
GOLD (XAUUSD): Trading Plan Ahead of NFP 🥇 Today we are expecting the US NFP report. Here are the potential scenarios for Gold. Bearish If the price drops and closes below 1998 key daily structure support, it will be a strong bearish signal and a further decline will be anticipated at least to 1978 Bullish The price formed an inverted head and shoulders formation on a 4H time frame. Bullish breakout of its neckline - 4h candle close above 2041 will give you a strong bullish confirmation. A bullish continuation will be anticipated at least to 2060 level then. Patiently wait for a breakout and then follow the market. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
4
GOLD WILL GO SELL CONFIRM CHARTToday’s Nonfarm Payroll report is expected to show 180k new jobs created in November compared to 150k in October, while the unemployment rate is expected to remain unchanged at 3.9%. A lower-than-expected number will underpin expectations that the Fed will start cutting interest rates at the end of Q1/start of Q2 next year. The latest CME Fed Fund probabilities see a total of 125 basis points of rate cuts in the US next year. Gold Sell Confirm 2010 Target
OANDA:XAUUSDShort
by FxJoseph_7
GOLD SELL CONFIRM ANALYSIS FOR TODAY Gold price (XAU/USD) attracts some buying for the second straight day on Thursday, albeit lacks follow-through and remains confined in a familiar range held over the past three days through the first half of the European session. The fundamental backdrop, meanwhile, seems tilted firmly in favour of bullish traders amid growing acceptance that the Federal Reserve (Fed) is done with its policy tightening campaign and will start cutting rates as early as March 2024. Furthermore, the recent dovish rhetoric from European Central Bank (ECB) officials, along with the Reserve Bank of Australia’s (RBA) and the Bank of Canada's (BoC) decision to hold rates steady, lifted hopes that interest rates have peaked globally. This, in turn, is seen as a key factor acting as a tailwind for the non-yielding yellow metal.
OANDA:XAUUSDShort
by FxJohnson