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XAUUSD- On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to 4.4% at the end of October. The surveyed confidence index of consumers and businesses in Europe in the industrial, service, consumer, retail and construction sectors continued to be maintained at 93.3% last month and newspaper backup. This survey assesses the spending potential of consumers and businesses in the European region. In Korea, industrial products increased sharply from minus 0.7% in August to 3% in September. Retail sales of Kimchi establishments also increased from minus 0.3% in August to 0, 2% in September. In Australia, retail revenue also increased from 0.3% in August to 0.9% in September. A sharp decline in the CPI will help central banks temporarily stop raising operating interest rates in the last months of this year. Along with that, when retail sales and consumer confidence are strengthened, it can be said that the economy has recovered well. Falling inflation also reduces pressure on the economy as fuel prices remain on the rise due to geopolitical tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD -Strong buying force, gold price maintained at a high levelHello, wonderful Karina friends! What do you think, will the price of gold increase or decrease today? Currently, the price of gold is fluctuating around $1995 at the start of the trading session. Although it has slipped below the $2000 mark, it still maintains stability at a high price level. Despite the increase in US bond yields and the strengthening of the USD, gold continues to rise in value due to investors flocking to this precious metal to seek safety for their assets amidst the escalating conflict in the Middle East. This is the main reason why gold remains stable at a high price range. Regarding the expected future price of gold: The market is eagerly awaiting this week's monetary policy meeting by the Fed. Investors should pay attention to the monetary policy decisions of the Bank of England and the Bank of Japan. This week is also crucial for the US labor market, with the release of the non-farm payroll report for October scheduled for Friday. Until these news releases, gold trading will become more enticing than ever! Wishing you all good luck.
OANDA:XAUUSD
by Karina_Bella
3
Gold quietly waiting for Fed's decisionHello, Karina's amazing friends! Today, gold continues to move calmly and there aren't many changes compared to yesterday, trading around $1995 - $1996. Although we are currently optimistic about the potential increase in gold prices due to geopolitical tensions in the Middle East, we still need to keep an eye on the Federal Reserve's interest rate decision on Wednesday. This could be seen as a significant milestone to boost gold prices as gold has been relatively stable in recent days, so any important action from the Fed could cause a strong increase or decrease in gold. Resistance level on the chart: $2005 Support levels: $1965, $1980.
OANDA:XAUUSD
by Karina_Bella
4
Gold prices today: Trading around the $2000 mark.Hello Karina's friends, At the opening of today's trading session, gold has started to decline slightly by around $10 from $2006 to $1996. However, on larger timeframes such as the 4-hour and 1-day charts, they are supporting an upward trend, and the 1-hour chart shows the same. It can be seen that after gold once again touched a strong psychological resistance level at $2000, investors who wanted to sell quickly pushed back this price increase. However, it is expected that gold will not decrease significantly, with a possible limit around $1985 in the vicinity of the 89-EMA zone, followed by a return to the upward trend of this precious metal. The next target will be $2015, which is a resistance level mentioned in the analysis. This week, we will receive a lot of important information, including the Fed Chairman's interest rate decision speech on November 1st and PMI data on November 3rd. These pieces of information will answer all our questions as they will have a significant impact on the price of gold. At that point, the next move for gold will become clearer.
OANDA:XAUUSD
by Karina_Bella
7
GOLD - World gold prices decreased slightly in the first tradingThe world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy stance. According to the CME FedWatch Tool, the market seems certain that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this meeting. At the same time, the Fed is expected to maintain restrictive monetary policies for the foreseeable future. Some analysts warn investors to be cautious with gold prices in the region of 2,000 USD/ounce because the market may adjust downwards based on the Fed's monetary policy stance, which could keep interest rates high in the future. this time. longer period. Ole Hansen, commodity strategist at Saxo Bank, said the Fed's tough stance on interest rates could keep investors away from gold-backed exchange-traded products, which could cause gold prices to fall. next time. In addition, gold prices may decrease due to profit taking by investors.
TVC:GOLD
by FalCol_TradingMaster
XAUUSD - Starting the new week, gold increases or decreases?The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow metal was once again trading at $2,000 an ounce as advisors sought alternative buying in the event of a deterioration. This position also suggests that the Fed's hawkish stance means Treasury yields peak, which will benefit the yellow metal. He thinks the “variable” will be uncertainty about what will happen in the Middle East. “The Fed is a restraining factor, while conflict in the Middle East is a driver for gold. And that makes me neutral on gold prices," he said. The Fed's interest rate decision on Wednesday will be the economic scenario expected this week with 94.2% predicting the central bank will keep interest rates on hold. This week the market also receives the October non-farm payrolls report on Friday.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - USD price increases, gold is still hotGold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US Department of Commerce said orders for long-lasting goods increased by 4.7% (equivalent to 13.2 billion USD) in September. This number increased higher than forecasts of economic experts. Better-than-expected US economic data caused the USD to increase in price, supporting Treasury bond interest rates. This makes the attractiveness of non-yielding assets such as gold significantly decrease. The recent recovery was mainly driven by capital flows seeking safe havens due to concerns that the conflict between Israel and the Islamist force Hamas would spread. Gold prices cannot return to the 2,000 USD/ounce mark in the short term.
TVC:GOLDLong
by FalCol_TradingMaster
Quiet gold trading but still not stoppedHello dear friends! Gold prices today continue to trade quietly with minimal fluctuations, as this precious metal remains sideways around the $1975 range, and there is still limited information regarding future trends. However, it is not because the upward momentum of gold has ceased, but rather the market needs to consolidate above the resistance level of $1985 per ounce. The psychological level of $2000 per ounce is crucial, especially for short-term traders, so gold may experience a slight decline before resuming its upward trend. According to Karina, a potential decline could occur near the initial support level around $1950 per ounce, followed by $1920 per ounce. Gold has experienced rapid gains over the past two weeks, so a profit-taking phase may be activated this week. What are your thoughts? Do you think gold will rise or fall?
OANDA:XAUUSD
by Karina_Bella
9
Great trading strategy for gold price today!Hello dear friends! The price of gold is continuing to approach the $2000 mark today, with the precious metal currently trading at $1991, marking an increase of nearly $12 for the day. However, the psychological barrier of $2000 still remains a strong resistance level. Karina's trading idea is to set a sell order when gold reaches this resistance level. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend is expected to continue. What about you? What are your thoughts and opinions on the price of gold?
OANDA:XAUUSD
by Karina_Bella
2
Gold sees upside risks intact, with eyes on the $2,000 markHello dear friends! Today, the gold market is relatively quiet as prices have slightly decreased, fluctuating around $1970 - $1971 per ounce. Gold is facing profit-taking pressure after a recent strong rally. Investors are taking profits as the USD shows signs of strengthening. To challenge the highest level reached on July 20th, which was $1988, buyers will need to accept a higher level. After that, their target will be the highest level in 5 months, which is $1997, surpassing the $2000 barrier. On the other hand, if sellers regain control, they will try to break the lowest level reached on October 23rd, which was $1963. Further down, the psychological level of $1950 will be tested again. The buying limit for gold is estimated to be at its lowest on October 19th, at $1945. As for the outlook for gold prices this week: We need to pay attention to the US GDP report for the third quarter, which will be released on Thursday (26th). The Personal Consumption Expenditures (PCE) index will be announced on Friday (27th), along with other economic reports, especially the speeches by European Central Bank President Lagarde and Federal Reserve Chairman Jerome Powell.
OANDA:XAUUSD
by Karina_Bella
2