OANDA:XAUUSD ANALYSIS
- Gold expected to underwhelm this Thanksgiving weekend amid thin trading
- XAUUSD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal
- USD and Treasury yields remain a factor as markets lower expectations of rate cuts next year
OANDA:XAUUSD EXPECTED TO UNDERWHELM THIS THANKSGIVING WEEKEND
Gold prices rose...
World gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning.
The USD turned down in the context of US 10-year Treasury bond yields falling to their lowest level in 2 months. The US Dollar Index (DXY) measuring greenback...
OANDA:XAUUSD PRICE FORECAST:
- Gold Rally Loses Steam at the Psychological $2000/oz Level.
- DXY Rally Continues as Treasury Yields Rebound as Well all Working Against the Rally in Gold Prices.
- US Heading into the Thanksgiving Break Means Low Liquidity Tomorrow and Potentially Friday as well.
Gold prices continue to find acceptance above the $2000/oz a step...
OANDA:XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening TVC:DXY ahead of the news.
Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator,...
World gold prices decreased slightly in this morning's trading session. Spot gold fell to 1,989.6 USD/ounce, down 8.1 USD compared to yesterday's trading session. Meanwhile, gold futures decreased by 9.8 USD, to 1,991.8 USD.
Gold is under slight selling pressure after the US labor market unexpectedly improved with a decrease in the number of unemployment benefit...
Despite our expectations for gold to continue slightly lower, it rebounded from around $1,940 to more than $2,000 per troy ounce. While this move is impressive, it is important to note that gold has been rising together with the stock market. As a result, we are again skeptical about its prospects of retaining the current price tag (especially if the stock market...
OANDA:XAUUSD ANALYSIS, PRICES, AND CHARTS
- US dollar weakness may be put on hold ahead of the Thanksgiving Holiday
- The technical set-up for gold looks positive.
The FOMC meeting minutes will provide more insight into the Fed's future plans. Markets believe that interest rates have reached their highest point and will be reduced next year. Chairman Powell...
During the trading session lasting from last night to early November 22, the spot price of gold on the international market experienced a fierce increase, breaking the resistance threshold of 2,000 USD/ounce to reach 2,007 USD/ounce. . Gold price today has cooled somewhat, trading at 1,998 USD/ounce
Gold prices today fluctuate strongly due to the decline in US...
The gold price seems to be recovering at the moment and is gradually making significant gains. We expect it to continue its corrective rise within the magenta wave (b) to the same-colored Target Zone between $2123.60 and $2147.10. An important step on this path will be to overcome the high of the magenta-colored wave alt.(x). As long as the price has not succeeded...
Gold (XAUUSD) is failing to break early into today's E.U. session above Friday's High, and that is so far a Double Top. If it holds, it will be a technical rejection sell signal and based on the similarities with the September 01 peak fractal (+3.65% rise, identical 4H RSI patterns), it can complete a drop even a little under the 0.236 Fibonacci retracement...
World gold prices today (November 21) suddenly increased sharply when inflationary pressures in the US eased and the weak economy began to cool down. Analysts say that the US Federal Reserve (Fed) is not yet ready to change the trend of tightening monetary policy, which is making it impossible for hedge funds to access gold.
Gold prices could reach $2,100/ounce...
Gold is neutral on its 4H technical outlook (RSI = 55.793, MACD = 4.760, ADX = 31.119) as it reached today the bottom HL trendline of the short term Channel Up. So far it is reacting with a bounce and that is a buy signal, aiming at the R1 level (TP = 2,002), as every rise sequence inside the Channel has been around +1.90%.
Today's Low was supported on the 0.5...
MARKET FORECAST AHEAD OF THE WEEK: OANDA:XAUUSD
- US Treasury yields have fallen in the past few days, putting pressure on the US dollar
- Meanwhile, gold prices breached key technical levels on the way higher
- Several high-impact events are expected in the coming days, with a shorter trading week in the US due to the Thanksgiving holiday.
US Treasury...
Last week, the international financial market received a lot of negative employment information and retail sales in the US and UK, causing the USD to continue to decline. Specifically, this morning the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - decreased by 0.07% to 103,850 points.
The USD fell so last weekend investors...
Golds recent trading action has been quite sticky around the 200dma, so watch for a potential reverse off this mid 1930's level. An alternative scenario if this level fails is a deeper pullback to retest the channel which broke out.
Gold prices opened the session higher thanks to the decrease in the USD index and US Treasury bond interest rates. This is motivating investors to actively buy gold during the uptrend to make profits. According to statistics, the number of Americans applying for unemployment benefits increased more than expected, which helps the US Federal Reserve's (Fed) fight...
hello traders this is a scenario that i expect for next week for gold keep an eye on fundamentals like fomc coming up.
the yellow zones are my areas of interest they are also actually fibbonacci levels the market seems to be respecting them so i am using them i also identified a minor up trend and a downtrend from when the price reached the 2000s.
if the price...
OANDA:XAUUSD PRICES OUTLOOK
- Gold prices rally and break above technical resistance in the $1,975/$1,980 area
- Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data
- This article examines key XAUUSD’s levels worth watching in the coming trading sessions
Gold prices rose over 1.0% on Thursday due to a...
