XAUUSD increases in the face of many fluctuations
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XAUUSD
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📣 📣GOLD MARKET ANALYSIS AND COMMENTARY - WEEK 42 - 2023
✅✅✅Market Comments
XAUUSD
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✅Exceeding expectations, international gold prices this week have had a positive recovery, rising sharply from 1,831$ to above 1,932$ and closing at 1,934$.
✅International gold prices increased sharply due to the escalation of the Israel-Hamas conflict, causing safe haven demand to increase sharply, especially for gold. Furthermore, the Israel-Hamas conflict threatens to push oil prices up even more, putting pressure on inflation, causing gold prices to increase even more.
👉Strategy
XAUUSD
👈
👉In a context where the FED's room to raise interest rates is almost gone, oil prices have increased sharply, causing inflationary pressure to increase, pushing the FED into a dilemma, especially when the risk of economic recession is still lurking.
If US inflation increases strongly again, it is possible that the FED will continue to trade off economic growth to increase interest rates 1-2 times more.
👉Although short-term gold prices may adjust after this price increase, in the long term gold prices are forecast to continue to increase, especially when central banks are massively buying more gold reserves.
💰 💰 💰Signal
XAUUSD
💰 💰 💰
💰Technically, after reaching the support level around 1810$, the gold price has had a remarkable increase of approximately 120 points, and will soon reach the 1,950$ mark early next week. Corresponding to the D1 ptkt chart, the gold price breaks out the trendline and breaks the 1950$ resistance level, then it will find the next resistance level around 1985$.
💰The 2 resistance levels to pay attention to in the beginning of next week will be the 1950$ mark and the 1885 mark, see Consider buying around 1885 and selling around 1950$, accept a stop loss of 5 prices for each turn.
XAUUSD
✍✍ 📣 📣GOLD MARKET ANALYSIS AND COMMENTARY - WEEK 42 - 2023
✅✅✅Market Comments
XAUUSD
✅✅✅ ✅Exceeding expectations, international gold prices this week have had a positive recovery, rising sharply from 1,831$ to above 1,932$ and closing at 1,934$.
✅International gold prices increased sharply due to the escalation of the Israel-Hamas conflict, causing safe haven demand to increase sharply, especially for gold. Furthermore, the Israel-Hamas conflict threatens to push oil prices up even more, putting pressure on inflation, causing gold prices to increase even more.
👉Strategy
XAUUSD
👈 👉In a context where the FED's room to raise interest rates is almost gone, oil prices have increased sharply, causing inflationary pressure to increase, pushing the FED into a dilemma, especially when the risk of economic recession is still lurking.
If US inflation increases strongly again, it is possible that the FED will continue to trade off economic growth to increase interest rates 1-2 times more.
👉Although short-term gold prices may adjust after this price increase, in the long term gold prices are forecast to continue to increase, especially when central banks are massively buying more gold reserves.
💰 💰 💰Signal
XAUUSD
💰 💰 💰 💰Technically, after reaching the support level around 1810$, the gold price has had a remarkable increase of approximately 120 points, and will soon reach the 1,950$ mark early next week. Corresponding to the D1 ptkt chart, the gold price breaks out the trendline and breaks the 1950$ resistance level, then it will find the next resistance level around 1985$.
💰The 2 resistance levels to pay attention to in the beginning of next week will be the 1950$ mark and the 1885 mark, see Consider buying around 1885 and selling around 1950$, accept a stop loss of 5 prices for each turn.
Trade active:
Update news today
Although today's Retail Sales index was better than expected, causing a surprising sentiment in the market, the effect did not last long and was quickly extinguished.
Partly because the attention of Gold and USD traders is focusing on the war in the Middle East, partly because of the "exciting" signal about the speech of our FED boss this Thursday. .
Although today's Retail Sales index was better than expected, causing a surprising sentiment in the market, the effect did not last long and was quickly extinguished.
Partly because the attention of Gold and USD traders is focusing on the war in the Middle East, partly because of the "exciting" signal about the speech of our FED boss this Thursday. .
Comment:
Gold has returned to an uptrend, so pay attention to short-term gold selling signals because gold will increase again. Currently everything is going as planned with an uptrend due to the accumulation of the pennant pattern
Comment:
Currently, the market is on the sidelines waiting for volatile news. Precious time for you to enter scalp orders
Comment:
Everything went so smoothly. Do you have any profits yet?
