Oro / DollaroLong
GOLD eased slightly from new era highs
Aggiornato
Continuing to be influenced by the approaching US presidential election and the increasingly new conflict in the Middle East, along with other conflict risks in the Asian region have boosted XAUUSD continues to be the top haven asset refreshing to new all-time levels.
A Reuters/Ipsos poll shows Democratic Vice President Kamala Harris leading former Republican President Donald Trump by a slim margin, 46% to 43%.
Strong buying activity by central banks and expectations of US interest rate cuts have also supported gold's 33% increase this year. Fed officials continue to weigh in on the future, with Jeffrey Schmid favoring a slower pace of rate cuts and Mary Daly predicting deeper cuts.
Citigroup raised its three-month price forecast by 3.7% to $2,800 an ounce on expectations that continued labor market weakness will boost demand.
Israel and its rivals Hamas and Hezbollah have vowed to continue fighting in Gaza and Lebanon, leaving little hope for a solution to the ongoing conflict in the Middle East. Rising geopolitical tensions often cause investors to flock to safe-haven assets such as gold as a "bunker" against risk and uncertainty in global markets.
In the context of geopolitical and economic instability, gold is considered a safe haven tool to hedge risks, and lower interest rates also increase gold's investment appeal. Gold is up more than 33% this year and has renewed all-time record highs multiple times.
Analysis of technical prospects forXAUUSD
Gold has not yet broken the price channel with the upper edge confluent with the price channel and this is considered the most important resistance currently.
Gold is down a bit from the aforementioned confluence but overall in the interim it can only be seen as a weak correction signal, with the Relative Strength Index pointing down without breaking the 75 level, if the RSI turns down Below level 75 it will send a clearer signal for a correction towards the 50 area.
Temporarily, gold's decline should only be considered a short-term correction, technical conditions still support the possibility of price increases. However, in case gold falls below the 1% Fibnonacci level it would be a good signal for a possible further correction with a target then around $2,721 and more to the $2,711 Fibonacci level. 0.786% expansion.
During the day, the bullish prospect of gold prices with technical correction cases will be noticed again by the following price points.
Support: 2,721 – 2,711
Resistance: 2,748 – 2,750
SELL XAUUSD PRICE 2767 - 2765⚡️
↠↠ Stoploss 2771
→Take Profit 1 2760
↨
→Take Profit 2 2755
BUY XAUUSD PRICE 2709 - 2711⚡️
↠↠ Stoploss 2705
→Take Profit 1 2716
↨
→Take Profit 2 2721
XAUUSD continues to be the top haven asset refreshing to new all-time levels.A Reuters/Ipsos poll shows Democratic Vice President Kamala Harris leading former Republican President Donald Trump by a slim margin, 46% to 43%.
Strong buying activity by central banks and expectations of US interest rate cuts have also supported gold's 33% increase this year. Fed officials continue to weigh in on the future, with Jeffrey Schmid favoring a slower pace of rate cuts and Mary Daly predicting deeper cuts.
Citigroup raised its three-month price forecast by 3.7% to $2,800 an ounce on expectations that continued labor market weakness will boost demand.
Israel and its rivals Hamas and Hezbollah have vowed to continue fighting in Gaza and Lebanon, leaving little hope for a solution to the ongoing conflict in the Middle East. Rising geopolitical tensions often cause investors to flock to safe-haven assets such as gold as a "bunker" against risk and uncertainty in global markets.
In the context of geopolitical and economic instability, gold is considered a safe haven tool to hedge risks, and lower interest rates also increase gold's investment appeal. Gold is up more than 33% this year and has renewed all-time record highs multiple times.
Analysis of technical prospects for
XAUUSD Gold has not yet broken the price channel with the upper edge confluent with the price channel and this is considered the most important resistance currently.
Gold is down a bit from the aforementioned confluence but overall in the interim it can only be seen as a weak correction signal, with the Relative Strength Index pointing down without breaking the 75 level, if the RSI turns down Below level 75 it will send a clearer signal for a correction towards the 50 area.
Temporarily, gold's decline should only be considered a short-term correction, technical conditions still support the possibility of price increases. However, in case gold falls below the 1% Fibnonacci level it would be a good signal for a possible further correction with a target then around $2,721 and more to the $2,711 Fibonacci level. 0.786% expansion.
During the day, the bullish prospect of gold prices with technical correction cases will be noticed again by the following price points.
Support: 2,721 – 2,711
Resistance: 2,748 – 2,750
SELL XAUUSD PRICE 2767 - 2765⚡️
↠↠ Stoploss 2771
→Take Profit 1 2760
↨
→Take Profit 2 2755
BUY XAUUSD PRICE 2709 - 2711⚡️
↠↠ Stoploss 2705
→Take Profit 1 2716
↨
→Take Profit 2 2721
Nota
XAUUSD continues to rise despite the USD hitting its highest level in nearly three months, with growing expectations that the Fed will cut interest rates at a slower pace. Other precious metals are also rising strongly in recent sessions.
Spot gold price reached a new peak of 2,758 USD/oz, while gold futures contract price expiring in December increased 0.2% to 2,764.15 USD/oz.
Trade chiuso: obiettivo raggiunto
Plan BUY Hit Full TP2 + 120pips🤕🤕🤕. Congratulations everyoneNota
Gold prices hovered around $2,720/oz after hitting a record high on Wednesday and ending the session down 1.2%. The correction comes as technical indicators suggest the recent rally may have overheated, with the 14-day relative strength index (RSI) suggesting gold is in overbought territory.Nota
Nota
The precious metal came under pressure early Friday, as sellers returned after gold prices failed to break out of the $2,740 resistance zone. The market is turning its attention to new US economic data and statements from Fed officials in search of fresh impetus for XAU/USD.Nota
Gold prices increased to above 2740 USD/oz after bottoming around 2717 during the session as concerns about escalating tensions in the Middle East have subsided somewhat. However, traders are still wary of the risk of Israel "retaliating" against Iran.Nota
🔴Spot gold fell to 2,725 USD/ounce, down 0.62% on the day.
🔰| Forex trading
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.