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GOLD-Trading strategy analysis The gold market focuses on data: the number of initial jobless claims in the United States in the week to January 20, the initial value of the annualized quarterly rate of real GDP in the fourth quarter of the United States, the initial value of the quarterly rate of real personal consumption expenditures in the fourth quarter of the United States, the initial value of the annualized quarterly rate of real GDP in the fourth quarter of the United States, The initial value of the annualized quarterly rate of the core PCE price index, and the annualized total number of new home sales in the United States in December. Yesterday I emphasized that gold is choosing a direction. Yesterday's data was not conducive to gold. However, gold did not form a unilateral decline, but only expanded the range of shocks. The volatility of gold is very small now, and today's data release will still affect the trend of gold. Although it is in a downward trend, we cannot blindly follow it. We can wait for the appropriate resistance and support to sell or buy. Xsuusd:sell2021-2025 TP:2015-2011 SL:2028 During a downtrend, we do not trade buy orders for the time being. Join me, I will analyze the market situation every day and give you suitable trading strategies for your reference.
TVC:GOLDShort
by UnknownUnicorn64321080
GOLD M30 / EXPECTING A SHORT MOVE ON SMALL TF 💲Hello Traders! This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1. My target is the resistance level at the price of 2002. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
GOLD-analyze Today, Friday, focus on the annual rate of the US core PCE price index in December. Gold's fluctuations were not large yesterday. Although yesterday's data was not conducive to gold, the lowest level only reached 2009, and finally rose to above 2020. Today's core PCE data is very important to the trend of gold. From the perspective of expectations, core PCE 3.0% is indeed possible. After all, U.S. inflation has continued to decline since last year, but it should be noted that the phased rebound in U.S. housing prices has continued. This all brings suspense to the evening announcement. It can be seen that gold is still in a downward trend, so we still focus on selling, but we must wait until the important resistance range before selling. Strategy 1: Xauusd:sell2026-2030 TP:2020-2017-2010 Strategy 2: Xauusd:sell2032-2036 TP:2026-2020 SL:2039 With the above two strategies, you can choose the appropriate trading strategy based on your own funds. Join me as I share my thoughts every day for your reference
TVC:GOLD
by UnknownUnicorn64321080
Gold continuously adjusts downward, latest trading strategyWorld gold prices this morning inched up slightly with spot gold increasing by 7.9 USD to 2,019.9 USD/ounce. Gold futures last traded at 2,021 USD/ounce, up 9 USD compared to yesterday morning. Gold inched up slightly in Thursday trading thanks to falling Treasury yields after US GDP data showed the US economy grew faster than expected in the fourth quarter thanks to strong consumer spending, with Growth for the whole year reached 2.5%, and inflation is "cooling down". According to TD Securities commodity strategist Bart Melek, although the economy is much hotter than expected, the report also shows us that inflation is falling, so we should not prepare for a rise in interest rates. spike. This is helping gold, the expert added. According to CME FedWatch Tool, after the report, the market expects the US Federal Reserve (Fed) to keep interest rates unchanged at its policy meeting on January 30 and 31 and forecasts an 89% chance of cutting interest rates. capacity in May. In addition, gold also received some support when a recent report showed that US initial jobless claims increased by 25,000 to a seasonally adjusted level of 214,000 in the week ended January 20. . Economists had forecast 200,000 claims in the latest week.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Choose a direction? Gold is still fluctuating in a range. The range is: 2017-2042. You can see that the lows of gold are gradually getting higher and the highs are gradually getting lower. Gold now faces a choice of direction, and we need to observe which way it will break through Xauusd:sell2035-2040 TP:2030-2027-2022 SL:2044 Xauusd:buy2017-2023 TP:2025-2030 SL:2013 It is still within the range, so we can still buy low and sell high according to the previous two strategies. You can adjust SL and TP according to your capital position. Join me, I will analyze every day and give reasonable strategies
TVC:GOLD
by UnknownUnicorn64321080
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
How will gold prices change this week?Hello everyone, it's Karina here, delighted to share with you today's updates on gold prices. At the start of today's trading session, gold experienced a slight increase, currently hovering around 2030 USD. The 1-hour chart shows an upward trend for gold, with support formed near 2025 USD. Looking into this week's outlook, all eyes are on the USD fluctuations amidst major central banks' monetary policy decisions. The European Central Bank (ECB), in particular, will be under scrutiny. Their recent hawkish stance at the World Economic Forum in Davos could significantly influence the USD and potentially support gold prices. What do you think, how will gold move this week?
OANDA:XAUUSD
by Karina_Bella
1
What changes in gold prices this week?Hi everybody! What do you expect about gold prices this week? As for Karina: today's gold price decreased by about 6 USD after rising to 2031 USD, following a clear downtrend on the chart. This is due to the strengthening of the USD, as the Fed is unlikely to reduce interest rates in March. This makes investing in gold more expensive due to high interest rates. Besides, the US core personal consumption index, an important inflation measure, influences the Fed's decision to loosen monetary policy. However, US macroeconomic data may not have much impact if gold prices stay below 2,000 USD/ounce. James Stanley, senior strategist at Forex, predicts that gold prices will stabilize around $2,000 per ounce. He emphasized that any price drop below this level will be a buying opportunity for investors.
OANDA:XAUUSD
by Karina_Bella
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
XAUUSD - Will it end the week up or down?Hello dear friends! On the last day of this week's trading session, gold had a gentle recovery with the price fluctuating near 2030 USD and marking an increase of 0.33% on the day. However, it also encountered immediate resistance in this area along with the operating zone of EMA 34, 89. The price could fall back to 2010 USD if news at the end of the day is released in support of the USD. . On the contrary, if the price successfully breaks out of that resistance level, it will open up a strong increase opportunity for buyers with a target of 2055 USD. Which direction do you think gold will choose to move?
OANDA:XAUUSD
by Karina_Bella
How does the weekend gold price change?Hello dear friends ! World gold prices increased at the beginning of the US trading session due to safe haven demand, amid rising tensions in the Middle East. The decrease in the USD index is a supporting factor for gold to increase. The long-term price outlook is positive for gold. But the rally will be delayed as the market tries to process the possibility of when the US lowers interest rates. Lower interest rates reduce the opportunity cost of holding precious metals. Currently, according to CME's Fed tracker, traders expect about a 47% chance the Fed will cut interest rates in March. That's down from 71% last week meaning in the near term In the future, the price increase momentum is likely to be significantly reduced.
OANDA:XAUUSD
by Karina_Bella
2
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 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