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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
XAUUSD - Gold price increased again, what entry to sell now?World gold prices increased slightly this morning with spot gold increasing by 4.3 USD to 1,983.9 USD/ounce. Gold futures last traded at $1,997.40 an ounce, up $2.50 from the bright spot. World gold this morning was calm compared to yesterday's brilliance but has dropped much from the high level it had during the day when the newly released report showed the strong strength of the US economy. Specifically, the report showed that US GDP in the third quarter increased by 4.9% over the same period last year, higher than economists' expectations of 4.7% and therefore increased by 2.1% in the second quarter. This data favors those who support the possibility that the US Federal Data Bureau will continue to raise interest rates at future monetary policy meetings. Edward Moya, senior market analyst at OANDA, said the data “paints a picture of a very strong U.S. economy,” reinforcing the narrative that the Fed may need to raise interest rates more, which This is detrimental to gold. Even though the economic data was stronger than expected, Moya was surprised by the yellow metal's strength. “I'm surprised we haven't seen a big drop in gold prices. I think people realize that geopolitical risks are not going away anytime soon,” he said.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Short-term Gold trading, sell xauusdWorld gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session. Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants waiting for important economic data from the US to get more signals about the Bureau's policy direction. Federal Reserve (Fed). Bob Haberkorn, senior market strategist at RJO Futures, knows geopolitical concerns won't go away any time soon, which will continue to support gold. The gold index increased and the US 10-term treasury bond yields increased and gold became more bearish. Today's consultant's opinion has turned to the US third quarter GDP data to be released today, October 26, and the Personal Expenditure Price Index (PCE) to be released on Friday (October 27). . These data may influence the development of Fed interest rates. If the data slows, the Fed will have more reason to lower interest rates, which will greatly support gold and push its value above $2,000.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Continued to fall sharply as the USD soaredGold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April 2023, only a few US manufacturing purchasing managers have fallen below 50 points and have now returned to this level. In particular, in the European region, the PMI index in the manufacturing sector of major economies including the UK and Germany also increased. Specifically, the October product sector PMI in the UK reached 45.2 points, higher than the forecast of 44.7 points and September's level of 44.3 points. The PMI index of the manufacturing sector in Germany in October reached 40.7 points, higher than the 40 points of the newspaper project and 39.6 points in September. Although the PMI index of the UK and Germany has not reached the opening level. widely, but increased more than forecast and last month showed telling economic signals of a product recovery. After the PMI index increased, the USD skyrocketed. The Dollar-Index - measuring the strength of the USD in a basket of 6 home currencies, increased sharply by 0.7% compared to the previous session, to 106,270 points, at 6:22 a.m. this morning (Hanoi time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold in a volatile world, should you buy or sell?The world's gold price today, October 25, is in turmoil as the USD rises sharply, crude oil prices go down, and US bond yields heat up. Gold prices today fluctuated violently as financial investment increased the need to hold "greenbacks". This helped the USD Index increase to 106.27 points, creating momentum for the USD to increase in price very strongly compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound). , CAD (Canadian dollar), SEK (Swedish Krona) and CHF (Swiss Franc). Meanwhile, crude oil price dropped to 83.25 USD/barrel, 10-year US bond interest rate stood at a high level of 4.85%/year. In particular, financial markets became optimistic when Israel still delayed its ground attack on the Gaza Strip in the hope that the Hamas group would continue to free the hostages. With the above situation, many people may have seen the gold market fall into a disadvantageous position. So they sold this precious metal. The remaining gold wave crazes sell Dua, waiting for the price to decrease to buy back the difference. Immediately, the world gold price sometimes dropped from 1,980 USD/ounce to 1,950 USD/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD - Gold turns down, selling strategy todayThe radiant world gold price has decreased slightly with spot gold down 0.7 USD to 1,973 USD/ounce compared to yesterday morning. Gold futures last traded at $1,987.80 per ounce, down $6.60 from the previous week's trading session. At the end of today's trading session, gold prices fell slightly, ending the impressive increase to nearly 2,000 USD in last week's session, when the conflict in the Middle East continued to escalate with no signs of cooling down. Gold prices have risen about 9% in the past two weeks as investors seek to hedge against the risk of escalating tensions in the Hamas-Israel conflict. Forex.com senior market strategist James Stanley also expects gold to decline. He explained, gold has increased too quickly in the past two weeks. So, a window may be triggered this week.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - World gold shows no signs of cooling downThe radiant world gold price has now increased sharply with spot gold increasing by 25.8 USD, increasing to 1,972.7 USD/ounce. Gold futures last traded at $1,985.40 an ounce, up $17.10 from the bright spot. The gold market continues to benefit as the Israel-Hamas conflict continues to intensify. In this bright trade, gold held on to gains despite Federal Reserve Chairman Jerome Powell reiterating that interest rates will have to be higher for longer. The head of the world's most powerful central bank also emphasized making a commitment to reduce the 2% target. Although the Fed remains committed to achieving the emission target, experts say that, given instability, the key value will increase rapidly at 2,1000 USD/ounce. Since the conflict in the Middle East began, safe haven demand has helped gold rise to nearly $120. Sean Lusk, co-head of commercial risk at Walsh Trading, said that seasonal factors such as wedding season, holiday season, and Valentine's Day are not relevant in the current environment. Now, macroeconomic data and geopolitical instability are the factors that dominate gold's short-term direction. The US picture also continues to deteriorate in some aspects, he said. The latest CPI and PPI reports from last week as well as retail sales numbers from Wednesday all show results are returning, Lusk explained.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold reversed and strengthenedWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time). Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit. De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce. Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gol
OANDA:XAUUSD
by FalCol_TradingMaster
Gold price continues to increase, current buying strategyWorld gold prices this morning reversed to increase slightly with spot gold increasing by 4.3 USD to 1,924 USD/ounce. Gold futures last traded at 1,937.2 USD/ounce, up 2.9 USD compared to yesterday morning. Despite stronger-than-expected US retail sales data and rising US Treasury bond yields, world gold prices in the evening session of October 17 (Vietnam time) still maintained a modest increase. obtained before. The newly released report shows that US retail sales in September increased by 0.7% during the month, a sharp increase compared to market expectations of 0.3%. The report boosted US Treasury yields and favored those with a hawkish view of US monetary policy, wanting to see interest rates rise more in the coming months. Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides. Currently, investors are looking forward to the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the comments. Recent dovish comments from some Fed officials. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, Millman added, even if we don't get any rate cuts anytime soon.
OANDA:XAUUSDLong
by FalCol_TradingMaster
🥇Gold🥇 will Fall by Bearish Gartley Harmonic Pattern⏰(15-Min)⏰🥇 Gold is approaching the Resistance line and 🟡 Price Reversal Zones(PRZ) 🟡 again. ✅Also, Gold seems to be completing the Bearish Gartley Harmonic Pattern , so the D point of the pattern is likely to be in the ⚫️ Time Reversal Zone(TRZ) ⚫️. 🔔I expect Gold to start falling as it approaches the 🟡 Price Reversal Zones(PRZ) 🟡, Resistance line , and ⚫️ Time Reversal Zone(TRZ) ⚫️. Gold Analyze ( XAUUSD ), 15-minute 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
29
GOLD - Gold long-term trading strategyThe radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot. World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect their assets. Although gold decreased in the first trading session of the week, this precious metal is still at a price of 1,900 USD/ounce. Gold, often used as a safe store of value in times of political and financial turmoil, rose 3.4% last Friday. This was the largest increase in seven months due to strong safe-haven demand and short-term liquidity. In the long term, gold is still supported by many factors, including purchasing activities of central banks. According to Bart Melek, commodity strategist at TD Securities, strong and sustained gold buying activities by central banks have created a solid foundation for gold prices recently and will be the main driver of metal supply. quarter to a new all-time high in the new year.
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD -Gold tends to decrease slightly, should you buy or sell?Last night - early this morning, investors continued to run out of gold as this asset increased in price for 5 sessions last week, up more than 5%, despite the sharp decline in the USD and geopolitical tensions in the region. The Middle East has not cooled down yet. The world's largest gold mining product SPDR version on October 17 still surprised with a net sale of up to 6.92 tons of gold. Since the beginning of October, this place has net sold up to 7 versions and only had 2 slight net buying versions. SPDR's buying level since the beginning of the month is only 1.8 tons of gold, while net selling is up to 20.19 tons of gold. Introducing the end of the golden month, because the report will be stronger than expected in the US, creating forecasts in the market that the Fed will raise interest rates again at its meeting in late October and early November next and maintain best. slower than forecast. Experts say that, as the USD remains at a 16-year high, the opportunity cost for gold trading increases. Meanwhile, the world's number one country in gold consumption, China, is still gloomy and will find it difficult to boost gold prices further.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Precious metals level off after 'galloping'Last week, the gold market witnessed the most impressive breakthrough since early spring when the price of this precious metal increased by more than 60 USD/ounce thanks to strong safe-haven demand at both the beginning and end of the week. Kitco News's latest weekly gold survey shows that market analysts and retail investors expect gold to continue to increase in price in the week ending October 20. On the data front, this week was a relatively quiet week with little important data being announced. In addition, September US retail sales numbers will be announced on Tuesday, the market awaits Fed Chairman Jerome Powell's speech on Thursday. In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's role as a safe haven will help fend off risks, which is even more beneficial for gold.
OANDA:XAUUSDLong
by FalCol_TradingMaster