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J-XAU

GOLD Slips Amid PBoC Buying Pause: Key Supply Zone in FocusThe price of gold attracted fresh sellers during the early European session on Monday. The precious metal lost traction following the People's Bank of China's (PBoC) decision to keep its gold buying on hold for the second consecutive month in June, as revealed by official data released on Sunday. This pause by one of the world's largest buyers of gold has put pressure on the metal's price. From our analysis, the gold price may test the $2,405 area, where we have identified a significant Supply zone. We have set a pending order at this level, anticipating potential resistance. This Supply area is critical for our strategy, as it aligns with historical patterns and technical indicators. Additionally, examining the seasonality of gold, we noticed that prices typically rise in August before entering a bearish period that lasts until October. This seasonal trend provides context for our current market approach, reinforcing the importance of the $2,405 Supply zone in our trading plan. We are closely monitoring the gold price as it approaches our identified Supply area. Given the historical seasonal trends and recent market developments, we are strategically positioned to respond if the price hits this key level. Our analysis suggests that this could be an opportune moment for a trade, anticipating a potential reversal as the market reacts to the PBoC's decision and seasonal patterns. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
3
GOLD Prices Surge as US CPI Data Sparks Fed Rate Cut SpeculationGold prices surged following the release of the US Consumer Price Index (CPI) data for June, which revealed a slowdown in inflation. This unexpected cooling of inflation has fueled market speculation that the Federal Reserve (Fed) may initiate interest rate cuts sooner than anticipated. The CPI data, released on Thursday, indicated that headline inflation in the US had dropped to 3.0% year-on-year in June. This figure is not only below the market’s expectations of 3.1% but also a significant decrease from the previous month’s 3.3%. The slowdown in inflation suggests that the aggressive rate hikes by the Fed over the past year are starting to take effect, reducing the urgency for further rate increases. In response to the CPI data, gold prices hit our sell limit in the supply area, prompting us to open a short setup. Our strategy targets the next demand area as the initial objective. While there is potential for gold prices to decline further to the lower demand zone around $2,220, our current target remains at $2,340. The bearish sentiment among commercial traders aligns with our setup, reinforcing our strategy. Commercials, who are typically large-scale market participants such as producers and merchants, continue to hold a pessimistic outlook on gold. Their positioning often provides valuable insight into market trends, and their current bearish stance supports our short setup. As we move forward, market participants will closely monitor the Fed’s policy decisions and economic indicators for further clues on the direction of interest rates. The possibility of earlier-than-expected rate cuts could continue to influence gold prices and market sentiment. In conclusion, the recent US CPI data has provided a significant boost to gold prices by increasing speculation about future Fed rate cuts. Our strategic short setup aims to capitalize on this movement, with a cautious eye on potential further declines. The alignment of commercial traders’ bearish outlook with our setup adds further confidence to our strategy as we navigate the evolving market landscape. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
GOLD to continue in the upward move?Gold - 24h expiry Yesterday's Marabuzo is located at 2393.5. Price action continues to trade around the all-time highs. The primary trend remains bullish. Dips continue to attract buyers. 20 4hour EMA is at 2388.4. We look to Buy at 2390.5 (stop at 2374.5) Our profit targets will be 2430.5 and 2438.5 Resistance: 2415.0 / 2424.6 / 2431.4 Support: 2405.5 / 2400.0 / 2380.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
1
GOLD Market Update: Trends and Strategic InsightsGold has surged to approximately $2,383 on Thursday, reflecting ongoing market expectations of impending interest-rate reductions. Federal Reserve Chairman Jerome Powell, in his recent testimony to US lawmakers, has artfully balanced cautious optimism regarding inflation moderation and the pursuit of a soft-landing scenario that avoids significant job losses. Powell underscored the Fed's commitment to a vigilant, data-driven approach to inflation dynamics. Our analysis points towards an intriguing development as Gold nears a critical supply area around $2,400. Here, we've identified a potential reversal pattern amidst bearish positioning by the Commercials. Observing what could be a triple top formation, market conditions suggest a pivotal juncture where the price might pivot. As Gold continues its ascent amid evolving economic cues, staying attuned to these market signals becomes crucial for anticipating potential price movements and strategic positioning. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
Falling towards 50% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could potentially bonce to the 1st resistance. Pivot: 2,367.73 1st Support: 2,355.13 1st Resistance: 2,391.09 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
No bigger driver for Gold than inflation this week? This week's economic calendar is dominated by US inflation data, with the Consumer Price Index (CPI) and Producer Price Index (PPI) set for release. Expectations are for a further decline in inflation, potentially strengthening the case for multiple Federal Reserve interest rate cuts this year. Economists polled by Reuters forecast annual consumer price inflation to have eased to 3.1% in June, down from 3.3% in May. An interesting development today: Federal Reserve Chair Jerome Powell, in his appearance before the Senate Banking, Housing, and Urban Affairs Committee, expressed concerns about the potential risks of maintaining high interest rates for an extended period, which could threaten economic growth, CNBC reported. For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. Gold prices edged higher, with XAU/USD trading at $2,364, up over 0.25%. The first resistance level for gold could be July 5 high at $2,392. On the downside, if nearer support levels fail, the next support zone could be the May 3 low of $2,277.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD to find buyers at 61.8% pullback?Gold - 24h expiry Buying continued from the 61.8% pullback level of 2372.6. Yesterday's Marabuzo is located at 2374. Preferred trade is to buy on dips. Dip buying offers good risk/reward. Price action continues to trade around significant highs. We look to Buy at 2373.5 (stop at 2361.5) Our profit targets will be 2403.5 and 2410.5 Resistance: 2392.9 / 2398.5 / 2415.0 Support: 2380.8 / 2370.0 / 2355.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
XAUUSD H4 - Sell Signal $2900/ozXAUUSD H4 On Friday, XAUUSD experienced significant movement, as those actively trading the markets would have observed. After a sharp drop, it rebounded aggressively and continued to rise throughout the day. The area around $2390-$2395/oz is a major resistance zone. This resistance level presents an opportunity for potential short positions, whether today or later this week, depending on market conditions. Alerts are set for this key resistance price, allowing us to wait patiently for the notification to trigger. We will be looking for an intraday opportunity today for the $10,000 challenge if we can't see this swing opportunity unfold today.
FX:XAUUSDShort
by Trade_Simple_FX
Could Gold reverse from here?The price has reacted off the resistance level which is a pullback resistance that aligns with the 127.2% Fibonacci extension and could potentially drop from this level to our take profit. Entry: 2,392.46 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension. Stop loss: 2,409.47 Why we like it: There is an overlap resistance level. Take profit: 2,364.45 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
Could Gold fall from here?The price is currently reacting off the pivot and could drop to the pullback support. Pivot: 2,392.08 1st Support: 2,364.99 1st Resistance: 2,413.42 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets