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Dollar and gold rose in tandem as Fed rate cut bets eased againHopes for an early Fed price reduce had been dashed once more on Monday after upbeat records became launched from the US. The ISM production PMI rose greater than predicted in March, mountain climbing above 50 into enlargement territory for the primary time considering September 2022. Furthermore, the fees paid index additionally rose, accomplishing its maximum stage considering September 7, 2022, in a brand new signal that inflationary pressures are not there. absolutely disappeared. The robust PMI comes warm at the heels of Friday`s tame center PCE print and Fed Chairman Powell's hawkish comments. While CPI and PCE records preserve to aid the view that inflation usual stays on a downward trajectory, albeit an an increasing number of shallow one, different signs underscore the Fed's warning approximately the outlook price. Then the price reduce in early June started to appearance doubtful, and the percentages of a 25 foundation factor Fed price reduce fell to approximately 60%. More importantly, buyers are actually pricing in a smaller reduce for all of 2024 than what the contemporary FOMC dot plot projected only a few weeks ago.
TVC:GOLDShort
by MrTrongVo
Profited 17K from short gold, and continue to short goldToday’s gold trading situation is as follows: 1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000 2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532 3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184 4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520 In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits. At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow. 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.
OANDA:XAUUSDShort
by Trader_Manuel
1
World gold fees accelerated anticipating essential US inflation At the stop of the buying and selling consultation on March 27, the spot gold settlement expanded 0.5% to 2,189.89 USD/oz. Gold futures contracts introduced 0.6% to 2,212.7 USD/oz. Core US non-public intake expenditures (PCE) fee index statistics for February might be launched on March 29. This index expanded 0.3% in January 2024. “We must see whether or not US home inflation is susceptible sufficient to create a clean direction for hobby fee cuts withinside the coming months,” stated Alex Turro, Senior Market Strategist at RJO Futures. ”. Gold costs hit a report excessive final week after the Fed projected 3 hobby fee cuts in 2024 regardless of current robust inflation figures. Investors forecast a 70% opportunity that the Fed will decrease hobby fees in June. Lower hobby fees lessen the possibility value of preserving non-yielding metals. “Central banks retain to document continual gold purchases, pushed via way of means of a choice to diversify their foreign money reserves,” stated UBS analyst Giovanni Staunovo. This is offsetting the weakening funding demand, that is extra centered on expectancies of decrease US hobby fees." Meanwhile, gold imports from India, the world`s 2nd biggest purchaser of valuable metals, are anticipated to say no via way of means of extra than 90% in March in comparison to the preceding month, as banks reduce imports whilst costs have been at report highs. continent impacts demand.
CAPITALCOM:GOLDShort
by MrTrongVo
World gold prices also set another recordSell Gold 2174-2180 SL 2185 TP 2166-213x. Because the price has passed through Zone 2168, this Zone is being sold around the Reaction Zone According to Bien Ma on the H4 Frame. And the old location according to PA ---------------------------------- I assume the 2222 vicinity may be a brief top for the following couple of weeks, so over the week there may be deep downward correction waves, so I will specially view Sell, now no longer Buy, due to the fact the overpowering symptoms and symptoms of Buy are showing. steadily weakening for the beyond week, we are able to look ahead to Entry in those 2 areas: Entry 1: Sell 2177, SL 2180.50, TP 2130 Entry 2: Sell 2182, SL 2187, TP 2130 All are lengthy Sell perspectives TP 40-50 fee so please be aware that after putting orders, the chance is best approximately 5%, in case your buying and selling quantity turned into critically poor ultimate week otherwise you misplaced all income withinside the beyond weeks, please evaluation your control method. capital, taking unstable capital like that won`t ultimate. -----NEWS: Last week, the course of globalwide gold charges persevered to be encouraged via way of means of hobby fee expectations. At the financial coverage assembly held withinside the center of ultimate week, the gold marketplace breathed a sigh of alleviation after americaA Federal Reserve (Fed) introduced new hobby fee expectations. The "dot chart" introduced on the assembly suggests that americaA Central Bank remains anticipated to behavior 3 hobby fee cuts this 12 months despite the fact that inflation stays above the goal stage of 2%. The charge of the yellow steel accelerated hastily after the assembly and changed into driven to a file excessive of 2,220 USD/ounce on March 21. However, the recuperation did now no longer ultimate lengthy and the gold charge misplaced 50 USD because of robust promoting strain withinside the ultimate buying and selling consultation of the week. However, specialists say that traders have to be affected person due to the fact thinking about the contemporary environment, gold remains being supported. At this assembly, the Fed remained constructive approximately the fitness of americaA economic system whilst extensively adjusting its GDP forecast. Accordingly, americaA Central Bank now forecasts that the economic system will develop via way of means of 2.1% this 12 months, up from the preceding forecast of 1.4%. However, Kitco professional Neils Christensen isn't always very assured approximately the Fed`s forecast. Christensen stated that traders have to ask themselves, if they may be assured that americaA economic system could be resilient this 12 months, then why does the Fed want the assist of 3 hobby fee cuts?
OANDA:XAUUSD
by TheLeader_WOLF
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD (Gold) has been on a strong bullish run. However, expect a possible further retracement as the market seeks liquidity and to rebalance. This could present a counter trend sell opportunity along with a buy opportunity at prior support levels (see chart markup in the video). The risk of further downside remains, so prioritize strict risk management. This analysis is for educational purposes only, not financial advice.
OANDA:XAUUSD
by fxtraderanthony
Gold prices plummeted as if there had never been a separationAlthough nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39 consistent with ounce because the Fed signaled it might keep to reduce hobby prices 3 instances in 2024 notwithstanding growing inflation. Despite growing inflation, Fed Chairman Jerome Powell nonetheless stated that americaA Central Bank has the capacity to lessen hobby prices with the aid of using 3-quarters of a percent factor with the aid of using the quit of 2024. However, the Fed`s choice will rely on data. The financial system is here. The Fed's stance driven the greenback to its lowest degree in a week, even as additionally inflicting US 10-12 months Treasury yields to fall. Meanwhile, gold costs constantly increased. Witnessing sturdy shopping for pressure after the meeting, Reuters technical analyst Wang Tao with a bit of luck anticipated that spot gold may want to retest the resistance degree at 2,222 USD/ounce. If this threshold is broken, this valuable steel can triumph over tiers withinside the variety of 2,228 - 2,234 USD/ounce. ---------------------- GOLD last night had a recovery from the 217x > 218x area With this price range, everyone should watch for Sell today. As I see, Frame M30 candles are reacting according to Ma20 and 34 >At this rate, Sell Gold is around 2186>2190 SL 2192 TP 2178>216x
OANDA:XAUUSDShort
by TheLeader_WOLF
XAUUSD:Short, target 2143-2134 After breaking through the downtrend channel, gold once again reached the resistance range of 2164-2172, and the technical form is temporarily favorable to the bulls. From the perspective of the overall general trend, this adjustment is not over yet, so large-level transactions are still based on high-level short selling. The target is the 2143-2134 range. When the price reaches here, large-level long transactions can be considered. Of course, this must be based on the fact that the support is effective. If it falls below, there is a high probability that it will fall below 2100 next week and reach around 2097-2090.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD is about to start falling sharply! The upcoming Fed monetary policy is an important turning point. in the gold market. It’s the long positions that should be worried. The U.S. dollar rebounded sharply ahead of schedule when expectations for a rate cut fell. Gold also fell sharply due to the impact of the US dollar. Interest rate cut digested in advance? Still continue to cut interest rates! It's like holding a ball of paper in one hand. The other hand is blank. Let you guess! Of course I don't like doing this. I prefer to do things that are certain. For example, follow the market in advance and focus on selling gold orders. Brothers who follow me all know. I have been selling mainly since last week. Of course, there was also a rebound market in the middle. Just depends on the timing. Friends who follow trading signals have a deep understanding of the accuracy of the instructions. The market continues to change, and what I have to do is follow the current trend and make accurate trades. In this way, VIPs will feel that they are worth their money. Judging from the current situation, expectations for an interest rate cut in the Federal Reserve minutes are still expected to be delayed, but after the corresponding data is released, there will probably be a limited decline (in the US dollar). Then bounce back quickly. So when it comes to trading, I think selling gold is the main option. A sell-off at higher levels is likely. Of course this depends on the actual results. At present, gold trading is still mainly selling. Today's sell order at 2162 has hit the take profit target. The sell order at 2157 also hit the take profit target. The current selling position of 2153 and above continues to wait for the hit of the profit target. The pressure above is currently at 2155-2158, and the pressure below is at the 2148 line, but I think the decline will continue to expand. In the short term, it is expected to continue to a position near 2140. Wait patiently. Stay tuned for further updates. This way you won't miss out on good trading opportunities. I hope everyone can get more good profits.
OANDA:XAUUSDShort
by T0_messenger
Gold prediction nowadays March 15A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75. Break of weekly top/near above 2180 is wanted to mark resumption of uptrend with similarly resistance objectives concentrated on distinguished slope confluence near ~2220s and 100% Extension of upside greater extensively in 2022 at 2277 .
TVC:GOLDShort
by MrTrongVo
1