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Gold continues to decline, today's strategy is mainly to sellWorld gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the US Federal Reserve (Fed). According to RJO Futures senior market strategist Daniel Pavilonis, the gold market is in a neutral environment as prices continue to remain above $2,000/ounce and are unable to break out of the current range. This week, the market is awaiting the preliminary US Purchasing Managers' Index report due out on Wednesday, fourth-quarter GDP data expected on Thursday and personal consumption expenditure data on Thursday. Friday for more signals on the interest rate direction of the US Central Bank. Fed officials said last week that the US Central Bank needs more data before making any comments regarding any interest rate cuts and that the timing of loosening monetary policy may be later. much higher than market expectations.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Will it break through the range? It can be seen that yesterday gold had strong support from 2017 to 2021, but today’s highest point was at 2037, and the previous highest point was at 2039, which means that the high point continues to move downwards Xauusd:sell2037-2040 TP:2030-2027-2022 SL:2044 If gold falls directly, we need to continue to observe whether yesterday's 2017-2021 support range fell below Join me, I will always pay attention to the market trend and then analyze
TVC:GOLD
by UnknownUnicorn64321080
GOLD-Analysis strategy This week, the market is paying attention to the upcoming release of a series of economic data. The initial manufacturing and service PMI values for January will be released on January 24, followed by a series of data on January 25: durable goods orders, fourth-quarter GDP growth rate Another revision, weekly initial jobless claims, Chicago economic data, the Federal Reserve's National Activity Index and new home sales, U.S. core PCE, personal income and spending data released on January 26 will have a greater impact on this week's market , pay attention to its specific changes. We need to pay attention to the resistance of 2032 and 2042 at the top and the support of 2017 and 2021 at the bottom. The current 2017-2021 range is a relatively important support. If the decline can be stopped here and rises again to break through 2032 or even 2042, gold may reach around 2048 and 2062 again. If gold falls below the 2017-2021 range, gold may once again test the support of 2000-2005, or even fall below 2000 and reach around 1995 Xauusd:buy2017-2021 TP:2025-2030 SL:2013 Because gold is still in a relatively strong stage, we currently only choose to buy. Join me, I will analyze market trends every day and provide trading strategies
TVC:GOLD
by UnknownUnicorn64321080
GOLD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis. GOLD is trading in a range, as evidenced not only by trading between levels, but also between moving averages. The reason for this is the controversial fundamental environment.. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
1
Trading strategy at the beginning of the week, entry sellGold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024. Experts predict that the US economy is about to release its 2023 report, with good growth expected and stable employment. When economic growth is good, stocks increase positively. The USD also increased. Investors in the world market previously gathered gold, but they returned to take profits to buy stocks as soon as possible. Therefore, gold as a capital reserve will decrease in price deeply in the future. On Tuesday, the dollar strengthened and put pressure on gold as US Federal Reserve (Fed) Governor Christopher Waller made "hawkish" comments about cutting interest rates this year. According to Mr. Waller, the US is still far from the 2% inflation target, so the central bank should not rush to cut interest rates until it is clear that lower inflation will be maintained. Previously, many Fed officials, including Cleveland Fed President Loretta Mester, told Bloomberg TV that it was too early to loosen monetary policy in March. Comments from Fed officials showed that The Fed believes that interest rate cuts will come much later, most likely at the end of the second quarter of this year. The report released Wednesday showed that retail sales in December increased 0.6% from the previous month. This strengthens the Fed's determination not to cut interest rates prematurely. However, gold reversed course Thursday as market attention turned to concerns about escalating geopolitical tensions. Safe haven demand has reduced pressure on interest rate expectations and helped gold increase slightly.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold Analysis🥇(➡️RR>2.00)🏃‍♂️Gold is moving in the 🔴 Heavy Resistance zone($2,075_$2,035) 🔴 and managed to break the Support Lines at the beginning of the new week. 🌊According to Elliott's wave theory , Gold seems to have completed its wave 3 at the 🟢 Support zone($2,010_$2,004) 🟢 (wave 3 was extended ) and is currently on its way to completing wave 4 . 🔔I expect Gold to attack the 🟢 Support zone($2,010_$2,004) 🟢 again after completing the pullback to the Support lines, which, according to Elliott wave theory, we can call this movement =wave 4, and at least until the 🎯 Target 🎯 I specified in the chart, gold will continue to Fall . 🚨 XAUUSD 🔴Position: Short ✅Entry Point: 2019.239 USD (Limit Order) ⛔️Stop Loss: 2032.200 USD 💰Take Profits: 1991.939 USD Risk-To-Reward: 2.11 Please don't forget to follow capital management ⚠️ Please pay attention to the style of opening the position.⚠️ Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
14
Gold suddenly reversed growth again, an opportunity to sell GOLDWorld gold prices reversed and increased sharply with spot gold increasing by 27.1 USD to 2,022.4 USD/ounce. Gold futures last traded at 2,025.1 USD/ounce, up 18.6 USD compared to yesterday morning. Developments in the Middle East boosted safe-haven demand for gold on Thursday (US time), helping gold escape its previous five-week low under pressure from changes in interest expectations. productivity after economic report was stronger than expected. According to senior market strategist Daniel Pavilonis of RJO Futures, amid much uncertainty, gold prices will be kept above $2,000/ounce. On January 17, the US Government returned the Houthis in Yemen to the list of terrorist groups as they continued to conduct attacks on commercial and military vessels. In addition to the instability factor, speculation surrounding the timing of interest rate cuts by the US Federal Reserve (Fed) is also affecting the direction of gold. Currently, investors are still waiting for further information to learn more about the Fed's future interest rate direction. Currently, most opinions believe that interest rates will be cut if published data shows that inflation "cools down" significantly. Atlanta Fed President Raphael Bostic said Thursday that he supports cutting interest rates sooner if there is "compelling" evidence that inflation is falling more sharply than expected. In a recent statement, he said that inflation could be "volatile" if policymakers cut interest rates too soon.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-trading analysis strategies As the United States released strong retail sales data for December, the strong economic data in the United States pushed up U.S. Treasury bond yields, causing the dollar to rise sharply. Gold was suppressed and fell, reaching a new low since December 14. It is expected to face greater pressure in the future. . However, under the influence of the current geopolitical situation, gold's risk aversion is still the mainstream of the market. What the market needs to pay attention to on Thursday is: the number of initial jobless claims in the United States in the week to January 13, the annualized total number of new housing starts in the United States in December, The total number of building permits in the United States in December and the Philadelphia Fed manufacturing index in January. Gold is still in a downward trend, but if it falls below 2005 again, it will become oversold in the short term, so we have to look at gold in two ways. Xauusd:buy2000-2005 TP:2010-2015 SL:1997 Xauusd:sell2017-2022 TP:2012-2008 Xauusd:sell2028-2032 TP:2022-2015 SL:2035 There are the above three strategies for your reference. Choose the strategy that suits you according to your own funds and trading style. You also need to pay attention to the data released during the U.S. trading time, which will affect the trend of gold. Friends with small funds can wait for the data to be released before trading or reduce their positions before the data is released. Join me, I will continue to analyze and help everyone learn how to trade
TVC:GOLD
by UnknownUnicorn64321080
GOLD-analysis It is important to note that the Fed is keeping a close eye on core inflation, which unexpectedly rose in December. Additionally, they monitor the labor market, with data for the final month of 2023 showing strong performance, with job creation and income accelerating and the unemployment rate falling. Although Federal Reserve officials remain cautious because economic overheating may threaten their efforts to combat inflation, the U.S. dollar index came out strong yesterday and gold fell sharply, indicating that the short-term market is optimistic that the Federal Reserve will maintain high interest rates, but the window period is approaching and the continuity remains to be seen. It can be seen that the downward trend of gold is obvious, but the support from 2015 to 2017 is also relatively strong. Xauusd:buy2015-2017 TP:2025-2030 SL:2011 Because it is a downward trend, the upper resistance is 2035-2038 Xauusd:sell2033-2038 TP:2028-2020 SL:2043 Join me, I will analyze and tell you how to trade every day
TVC:GOLD
by UnknownUnicorn64321080
Sell ​​strategy, after retesting resistance will increase againGold prices rose at the start of the week, the metal's appeal fueled by safe-haven demand due to tensions in the Middle East, while markets bet the US Federal Reserve (Fed) will cut interest rates soon. than expected. The war between Israel and Hamas has passed the 100-day mark as Israel continues its fierce offensive, while the Houthi militia's threat to respond to US airstrikes in Yemen raises risks. Gold tends to perform well during times of economic uncertainty, with its reliability able to help offset the risks of more volatile assets in conditions such as geopolitical instability. “Spot gold is also rising as the market clings to hopes that the Fed will cut key interest rates as early as March,” said Han Tan, chief market analyst at Exinity Group. Gold's chances of reaching a new record high will remain open as long as the Fed can act in line with market expectations
OANDA:XAUUSDLong
by NicoTradingMaster
Gold will have a decline and then increase againWorld gold prices increased slightly with spot gold increasing by 6.6 USD to 2,055.3 USD/ounce. Gold futures last traded at 2,059 USD/ounce, up 7.4 USD compared to yesterday morning. The world's yellow metal posted modest gains in the first trading session of the week as it continued to be boosted by safe-haven demand due to concerns about tensions in the Middle East and renewed expectations for the Federal Reserve to The US (Fed) will cut interest rates sooner than expected. The report released late last week showed that US producer prices fell unexpectedly in December. The data has traders betting that the Fed will cut 166 basis points this year instead previously priced 150 basis points. Although gold prices are rising, some analysts say the precious metal needs a new catalyst or at least clearer clues about the Fed's monetary policy direction to break out of its current range. in. According to Trade Nation senior market analyst David Morrison, although gold continues to hold its position, more effort is needed to attract new investors to the market.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-analyze There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last week’s PPI data was lower than expected, supporting the Federal Reserve’s dovish policy. However, Thursday’s consumer inflation data was higher than expected. Therefore, U.S. consumer price inflation in December was still high, making it more certain to cut interest rates ahead of schedule. possibility, pay attention to the conditions for effective interest rate cuts in March. The market will focus on Wednesday, U.S. retail sales on Wednesday, weekly jobless claims, U.S. housing starts, Philadelphia Fed survey on Thursday, preliminary University of Michigan consumer confidence data on Friday, existing home sales, among which the Federal Reserve will be released at midnight on Thursday The Beige Book of Economic Conditions was released, the European Central Bank released the minutes of its December monetary policy meeting, and Draghi's speech. The highest point of gold last week was 2062, and then fell to 2041-2042. It can be judged that 2041-2042 has strong support, and the current range is 2041/2042-2062 If it breaks through 2062, we can see that gold may rise again to around 2079 Today is Martin Day in the United States. The U.S. market is closed early. The possibility of breaking through 2062 today is not very high. Therefore, we still focus on buying. Strategy 1: Xauusd:buy2045-2048 TP:2053-2055 Strategy 2: Xauusd:buy2041-2045 TP:2050-2053-2055 You can choose the appropriate trading strategy based on your funds I will continue to observe and analyze, join me
TVC:GOLDLong
by UnknownUnicorn64321080
Stand still and wait for news, CPI news trading strategy todayWorld gold prices were relatively stable with spot gold down 5.3 USD to 2,023.5 USD/ounce. Gold futures last traded at 2,029.3 USD/ounce, down 3.7 USD compared to yesterday morning. World gold decreased slightly in the mid-week trading session as investors were waiting for US inflation data to gain more clarity on the US Federal Reserve's (Fed) interest rate roadmap this year. RJO Futures senior market strategist Bob Haberkorn said lower-than-expected inflation data would give the Fed more reason to cut interest rates this year, which would push gold prices higher. US consumer price index data will be released on Thursday. According to a Reuters poll, economists predicted annual inflation would come in at 3.2% in December, but said core inflation could fall to 3.8%, the lowest since December. mid-2021. A report from the New York Fed revealed that consumers expect inflation to decline, while Fed Governor Michelle Bowman said on Monday that the US Central Bank's monetary policy appeared to be "adequate". limit".
OANDA:XAUUSDLong
by FalCol_TradingMaster
Unpredictable fluctuations, predicted to continue to increaseWorld gold prices stabilized with spot gold increasing 1.3 USD to 2,028.8 USD/ounce. Gold futures last traded at 2,036 USD/ounce, up 2.5 USD compared to yesterday morning. The world gold market stabilized as investors remained cautious ahead of US inflation data to be released later this week. The data is expected to provide more detailed information about the future policy direction of the US Federal Reserve (Fed). If the inflation numbers surprise, the Fed may not be able to cut interest rates yet, which would put pressure on precious metals markets, said Kitco Metals senior analyst Jim Wyckoff. Currently, analysts predict price inflation will slow in December. The New York Fed survey earlier this week also showed that consumers expect inflation to decline, along with income and spending increases. Household spending will gradually increase in the coming years. Looking at the direction of gold in the medium term, MKS PAMP metals strategist Nicky Shiels forecasts gold prices will fluctuate in the range of 1,900 to 2,200 USD/ounce in 2024 and prices will reach a record high in the first half. this year, boosted by expectations of interest rate cuts. Experts also do not rule out the possibility that gold will conquer the 2,300 USD/ounce mark when mentioning other factors such as geopolitical instability and the trend of de-dollarization in the world. On the other side, Shiels said that gold is also likely to fall back to $1,600 an ounce if persistent inflation forces the Fed to maintain its restrictive monetary policy. She said that the possibility of this scenario happening is 20%.
OANDA:XAUUSDLong
by FalCol_TradingMaster
World market turns down, trading strategyWorld gold prices are still attractive when the world's second largest economy is still facing difficulties in economic recovery. Data on China's manufacturing PMI index in December decreased from 49.4 points in November to 49 points in December, lower than the forecast level of 49.5 points. This is the third consecutive month that China's manufacturing PMI index has declined. Along with that, on January 5, China's giant asset management group Zhongzhi Enterprise Group, with assets of more than 140 billion USD, filed for bankruptcy because it could not pay its debts. This unit said there is about 66 billion USD in its balance sheet that cannot be paid. Zhongzhi is likened to an underground bank in China, mobilizing capital from households to lend or invest in real estate, stocks, bonds and commodities. It is expected that the amount recovered from the liquidation of this group's assets will be low. Thus, the Chinese economy is still having difficulty solving the problem of inactivity in the real estate and valuable paper investment sectors. Previously, in 2021, investors witnessed Evergrande's debt default. . It is forecasted that Country Garden will have a stronger influence than Evergrande because the number of projects is many times larger. Many people compare Zhongzhi to a "debt bomb" in the financial market. Increased risks in the financial market will cause investors to turn to gold speculation to ensure capital flows. However, the market also witnessed quite positive information from the US economy. Specifically, the new December employment data announced by the US is quite positive with 216,000 new jobs created in the non-agricultural sector, higher than the 173,000 jobs achieved last month and the 170,000 jobs previously forecast. Average hourly income (year/year) increased from 4% in November to 4.1% in December and higher than the 3.9% forecast. The unemployment rate in the US in December remained at 3.7%. ISM's manufacturing PMI index also increased from 46.7 points in November to 47.4 points in December 2023. Although this index is below the 50 expansion level, the increasing trend of this index shows that the US economy is recovering. Positive signals from the US economy and the rising USD put pressure on the gold market, causing world gold prices to decline at the beginning of this morning's session. Experts and investors said , gold prices will trade around the range from 2,000 - 2,050 USD/ounce before the market receives new economic information.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold trading strategy today, continues to increase againWorld gold prices decreased slightly with spot gold down 5.3 USD to 2,058.7 USD/ounce. Gold futures last traded at 2,067.6 USD/ounce, down 4.2 USD compared to yesterday morning. The world gold market enters 2024 with a relatively difficult year under pressure from the strong recovery of the USD. However, the decline in this precious metal was limited thanks to expectations that the US Federal Reserve (Fed) would soon loosen monetary policy and concerns that the situation would escalate in the Red Sea. The US Dollar Index rose 0.8% and was on track for its best daily gain since July, making bullion priced in the currency more expensive for overseas buyers. In 2023, gold prices rose 13%, marking the first annual increase since 2020, and are forecast to reach a record high in 2024, as lower interest rates reduce the opportunity cost of Hold gold bars without interest. Experts say that the market started the new year with the belief that the Fed will cut interest rates sooner, which is why gold is supported. According to the CME FedWatch tool, markets are currently pricing in an 86% chance that the Fed will cut interest rates in March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold continues to fall as expected, waiting for a recovery pointWorld gold prices reversed slightly this morning, with spot gold down 12.7 USD to 2,065 USD/ounce. Gold futures were listed at 2,075.8 USD/ounce, down 12.2 USD compared to yesterday morning. World gold prices decreased slightly after hitting a 3-week high when pressured by the recovery of the USD and rising bond yields. The US Dollar Index rose 0.2% after falling to a five-month low. Benchmark 10-year bond yields rebounded and exited their lowest level since July, denting the appeal of bullion. This expert predicts gold prices will be higher in the next 12 months thanks to weaker economic data and cooling inflation in the US forcing the Fed to cut interest rates. Currently, according to the CME FedWatch tool, investors are betting on an 88% chance that the Fed will cut interest rates as early as March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Does gold have a chance to decrease slightly before the strong?World gold prices this morning continued to increase slightly with spot gold increasing by 10 USD to 2,077.7 USD/ounce. Gold futures were listed at 2,088 USD/ounce, up 9 USD compared to yesterday morning. The world gold market was quiet this morning due to the lack of data in the last week of 2023. Experts say that this precious metal is preparing for a prosperous new year with expectations from the Federal Reserve. The US (Fed) will cut interest rates in the first quarter of 2024, which are increasingly increasing. Gold was also slightly boosted by the weakening of the USD and bond yields. The US Dollar Index hit a five-month low and saw its first annual decline since 2020, making bullion more attractive to foreign buyers. Benchmark 10-year Treasury yields also hit their lowest level since July 24.+ Data released last week showing “cooling” inflation has boosted financial market expectations of a rate cut from the Fed next March, and according to the FedWatch tool, traders are now pricing around a 90% chance of this happening. Talking about gold's fluctuations in 2024, senior market strategist Bob Haberkorn of RJO Futures said that, entering the new year, the market is mainly focused on the story of falling interest rates and gold will be nothing but. price increase.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
XAUUSD- XAUUSD trading strategy, Gold trendWorld gold prices turned down this morning with spot gold down 10 USD to 2,030.2 USD/ounce. Gold futures last traded at 2,043.3 USD/ounce, down 8.8 USD compared to yesterday morning. The world gold market was quiet in the early morning trading session this morning as traders waited for a series of economic data at the end of the week to get new clues about the US Central Bank's monetary policy roadmap. RJO Futures senior market strategist Daniel Pavilonis forecasts that gold prices will stabilize above $2,000 an ounce and mainly trade at higher levels considering geopolitical risks in the market, including US elections next year, which could prompt money managers to add gold to their portfolios. Last week, the US Federal Reserve (Fed) said its strongest monetary tightening cycle in the past four decades was over and interest rate cuts would take place in 2024. However, the Chairman Atlanta Fed branch Raphael Bostic gave the opposite view that the US economy is still strong and there is no rush to make a decision to cut interest rates. This official said that policymakers still need "several months" to have enough data and is confident that inflation will continue to go down and the first interest rate cuts are expected to begin in the third quarter. . Meanwhile, according to the FedWatch tool, markets are pricing in about a 79% chance that the Fed will cut interest rates in March.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🚨Gold is Ready to Fall🚨🏃‍♂️Gold is moving in a 🔴 Heavy Resistance zone($2,075_$2,035) 🔴. 🌊According to the theory of Elliott waves , it seems that Gold managed to complete one of the corrective waves near the 🔴 Resistance zone($2,010.40_$2,046.70) 🔴. 🌊The correction wave structure is of Zigzag(5-3-5) type, so microwave A had an Expanding Leading Diagonal structure. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to Fall at least to the 🟢 Support zone($2,010_$2,004) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
13