Central Bank Buying Boosts Precious Metal Prices to Record HighsToday, precious metal prices soared to unprecedented levels due to strong central bank activity in Asia. According to a newly published report, the People's Bank of China alone added 160,000 ounces of gold to its reserves in March. In addition, countries such as Turkey, India, Kazakhstan and several other countries Eastern European countries also actively bought gold throughout the year, contributing to a sustainable upward trend in prices.
Despite expectations for a potential change in interest rates, elevated gold demand is predicted to continue until the end of the year due to underlying supply constraints caused by concerns surrounding a recession. ongoing economic and geopolitical tensions. Gold's resurgence is just beginning, with Western retail investors likely to enter the market in the near term, further pushing the precious metal to new record levels.
Xauusdsell
Profit 18K, sell first and then buy goldDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2338 position.
Today’s transaction can be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a Not a bad result.
Gold is currently trading near the 2338 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again.
Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Already made 18K profit, continue to work towards better profitsDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2330 position.
Today's transaction can actually be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a not a bad result.
Gold is currently trading near the 2336 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again.
Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
XAUUSD:Trading ideas for next Monday
Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair.
Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around 2286.
Under normal circumstances, the Asian market will not fluctuate much, so the probability of falling to around 2286 is not high. Just observe around 2305.
XAUUSD:How should gold be traded at 2350?
Under the influence of the news and people's concerns about the Federal Reserve's interest rate cut, gold rose crazily and reached the psychological level of 2350. At this position, it is impossible for me to conduct long transactions.
I prefer to go short. Before it falls below 2300, my trading idea will remain high and short, and long orders will only be considered near the support.
Although the current market can no longer be traded purely based on technical analysis, and 2350 is the psychological limit of many traders for gold, we cannot rule out that the market will go in the opposite direction.
But it's a big risk, so I wouldn't do it.
The trading philosophy I have always adhered to is to make profits while the risks are controllable. This is also one of the main reasons for my continued profitability.
Therefore, at a position higher than 2348, I will continue to short in batches, targeting 2327-2296.
why 5% is a risk for the US over the next 10 yearsHistory indicates that once the Fed honestly cuts hobby charges for the primary time, marketplace hobby charges generally tend to transport barely higher (chart above). In fact, it is usually a sale due to the fact the preceding rumor has been believed. But sooner or later because the Fed endured to cut, the 10-12 months yield endured to fall and discovered a brand new bottom.
In the present day cycle, we've got now no longer visible the splendid reduce in hobby prices 10 years after the peak (as a consequence puzzling Mars). This in part displays the relative scarcity of longer-adulthood Treasuries, a legacy of the Federal Reserve-led treasury buildup as a result of the pandemic (aleven though now decreasing). . This helped appear withinside the extraordinarily inverted 2/10-12 months curve on the time of the Fed peak. The 10-12 months yield remained underneath 4% because the finances charge hit 5.3%.
Gold Analysis: Expert Financial InsightsIn the realm of finance, gold remains a steadfast asset, drawing attention from investors seeking stability and security. As a seasoned financial analyst, I offer fresh insights into the current state of the gold market.
Gold's recent performance has been marked by fluctuations influenced by various factors, including economic data, geopolitical tensions, and monetary policy shifts. Understanding these dynamics is paramount for investors aiming to capitalize on opportunities within the gold market.
In this analysis, we'll delve into key indicators and trends shaping gold's price action. From support and resistance levels to market sentiment and macroeconomic drivers, we'll provide a comprehensive overview of the factors driving gold's movements.
Furthermore, we'll examine potential catalysts on the horizon and their implications for gold prices in the near term. Whether you're a seasoned gold trader or exploring investment opportunities, this analysis aims to equip you with actionable insights to navigate the complexities of the gold market effectively.
Stay tuned for a deep dive into the gold market and expert perspectives on its future trajectory.
Gold Outlook: Prices Dip but Remain Bullish Amid Economic DataWith the H4 frame, if the gold price returns to above the H4 tankan line at the price mark of 2276usd/oz, it may open an opportunity for gold to increase in price again and the 2 lines AB and AC act as 2 trend resistance lines. Short-term direction for gold prices.
To sum up, I still support the decline in prices that could be very strong on Friday +-1 day and if the NFP data shows a healthy economy and the dollar strengthens, gold will continue to decline. very strong in the following days
Below are potential technical support and resistance points for tomorrow as follows:
- Technical resistance: 2276, 2292, 2307usd/oz
- Technical support: 2236, 2251, 2259, 2269usd/oz
Gold Prices Edge Down Slightly, Forecast Remains BullishToday, gold prices experienced a slight dip, establishing a peak above $2,300 before retracting to around $2,273 during the early trading hours yesterday.
Looking ahead, with robust economic data and persistent inflationary pressures, the Fed may be compelled to maintain accommodative monetary policies throughout the summer, potentially driving gold prices higher. Recent gold price increases have been driven more by the overall direction of monetary policy than the timing of the Fed's actual interest rate cuts.
While expectations of Fed policy easing have recently propelled gold prices upward, other significant factors, including the government's massive debt, continue to provide strong support for this precious metal, with gold hitting the $3,000 USD/ounce mark likely just a matter of time.
Gold Prices SurgeLooking ahead: XAUUSD is driven by safe-haven demand amid rising tensions in the Middle East. The gold market ignores the strength of the USD and expects the US to cut interest rates and continuously conquer new records.
Price volume is still increasing, new Highs have been formed so we can still expect further price increases.
I still maintain strong belief in the uptrend this week and next. 2276 support will be able to prevent XAU from falling further. What are your thoughts on this perspective?
GOLD XAUUSD Bearish Heist PlanHi Gold Miners,
This is our NFP Trade master plan to Heist Bearish side of GOLD MINES. my dear Looters U can enter at the any point below my red zone level stealing area, Our target is Green Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Are you disappointed with NFP? But I think gold will fall againDear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market was not as good as expected. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2294.
To be honest, this data makes me a little disappointed. But will gold continue to fall? I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high near 2305, and the bearish structure on the hourly chart still needs to be digested on the technical level. The current news and technical resonance are negative for gold, so even if there is a partial rebound in gold, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
NFP fails to meet expectations, will gold fall?Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market fell short of expectations. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2300.
Will gold continue to fall? To be honest, I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high of 2305-2310 area, and the bearish structure on the hourly chart still needs to be digested at the technical level. The current news and technical resonance are negative for gold, so even if gold rebounds partially and even touches the 2305 area again, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Gold NFP signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now Sell 2293
Target 2289
Target 2285
Target 2280
Target 2270
Target 2250
SL 2318
NFPGold price pares intraday losses, keeps the red amid modest USD strength ahead of NFP
Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Some follow-through USD buying exerts some pressure ahead of the crucial US NFP data.
From a technical perspective, weakness below the $2,265 area could expose the weekly swing low, around the $2,229-2,228 region, with the $2,250 level acting as an intermediate support. Some follow-through selling has the potential to drag the Gold price toward the $2,200 psychological mark, which is likely to act as a strong base. That said, a convincing breakdown through the said handle should pave the way for some meaningful corrective decline.
The popularly known Nonfarm Payrolls (NFP) report will be looked upon for fresh cues about the Fed's rate-cut path, which, in turn, will drive the USD demand and provide a fresh directional impetus to the non-yielding Gold price. In the meantime, persistent geopolitical tensions stemming from the Russia-Ukraine war and the risk of a further escalation of conflicts in the Middle East should act as a tailwind for the safe-haven XAU/USD. This should limit any meaningful corrective slide from the all-time peak.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now sell 2292
TP1 2285
TP2 2280
TP3 2270
TP4 2250
SL 2316
Gold Correction Deepens After Failed Attempt at ATH ConfirmationGold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH).
A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
Gold will increase in price
Gold prices soared to $2,250 per ounce today, marking a $12 increase from the morning's opening. The driving force behind this upward momentum lies in the growing belief among investors that the Federal Reserve will embark on monetary policy easing. Market watchers anticipate a potential interest rate cut by the Fed in either May or June.
Apart from rate expectations, gold bullion is also buoyed by robust demand. Private investors in China are flocking to gold amidst sluggish real estate activity and a persistently weak overall economy. China's stock market and currency are facing challenges, further bolstering gold's appeal.
The record-breaking surge in gold prices signals investor concerns regarding the Fed's ability to contain inflation as it begins to taper interest rates. Investors are advised to await a pullback before entering the market. It's suggested that gold may retreat towards $2,150, attracting fresh investor interest.
The upward trajectory of global gold prices continues as central banks worldwide sell off USD to acquire gold. Economic experts forecast that if the US job market performs better than expected, coupled with prolonged inflation, the Fed may delay the onset of monetary easing. This could adversely impact precious metals.