MaestroTrading_FX

For the first time in recent weeks, gold is looking attractive again. If you like gold that costs more than $2,000, it's currently selling for almost $1.8,000. But is finding a buyer the important question? A sharp decline of $130 (6.7%) in a few weeks (from the September 21st high) means that gold prices are technically oversold and are likely moving away from this long-term support level. This is likely due to a short-term rebound. Bond yields fell sharply on Wednesday, and oil prices have fallen sharply this week (leading to deflation).What is the long-term outlook for gold?There is no doubt about the long-term bullish outlook for gold. In view of high inflation, the value of fiat currencies has continued to decline since the beginning of the year. Gold had a big rally last time, but if it really is an effective inflation hedge, gold will shine even more.As government bond prices collapsed, yields rose to multi-year highs, increasing the opportunity cost of holding non-interest-bearing products. However, much of the Fed's aggressive interest rate adjustments are now complete, limiting the downside risk for bonds, and by extension, gold, in the near term. This does not mean that gold will necessarily bottom out any time soon. But at the same time, I don't think we're that far away. So keep an eye out for new bullish signals as they emerge.The conflict in the Gaza Strip continued to escalate as Israel sent troops to surround roads into the Strip. This prevents even aid workers from reaching the site.The Israeli government has called on civilians in the Gaza Strip to evacuate to ensure their safety as Israel continues its attacks on Hamas targets. With more than 800 Israelis killed and more than 2,500 injured in the Gaza Strip, UN Secretary-General António Guterres has called on both sides in the temporary conflict to stop firing.The conflict in the Gaza Strip sent global stock markets in the US and Europe into the red last night. Concerned about the increased risk of conflict, investors sold stocks and turned to gold, an asset that guaranteed principal.Experts have pointed out that the global economy may face daily inflation due to the Middle East conflict. Production costs are rising with the rise in crude oil prices, posing a risk to economic growth.

BTCUSD was a slight increase of 0.24% over the past day, according to CoinStats data released on Thursday. However, the cryptocurrency continues to show bearish momentum on the hourly chart. It broke above the latest support at $27,560, suggesting a drop to $27,000 if daily trading ends below this mark.Earlier in the week, despite an initial bullish close, Bitcoin was unable to maintain its upward momentum. This leads to an expected movement in the $27,000-$28,000 range for the week. The weekly chart shows low trading volume, suggesting that Bitcoin is likely to continue falling without major volatility.

Global gold prices were on an upward trend this morning, with the spot gold price increasing by $2.5 from the closing price to $1,835.6 per ounce. In last week's final session, the gold market rebounded as the labor market showed some weakness despite employment gains last month. The modest increase ended a long series of declines since the Federal Reserve left interest rates unchanged at its Sept. 20 policy meeting and the release of recent U.S. employment data. This pushed spot gold prices to a seven-month low.Specifically, among the analysts participating in the survey, 38% believe that gold prices will be higher this week; 38% predict prices will decrease; 24% have a neutral view on gold this week. Meanwhile, 43% of retail investors participating in online Main Street polls expect gold to rise this week, 42%11 predict prices will be lower, 15% see prices moving sideways in the near future. Short-term.The survey found that retail investors expect gold prices to trade around $1,842 an ounce this week, $30 lower than last week's forecast.Michael Moor, founder of Moor Analytics, said gold is forecast to fall this week. However, he said that this precious metal seems to have bottomed out and it may be time to turn around.Meanwhile, James Stanley, senior market strategist at Forex.com, said that gold will likely maintain within its recent range this week. Stanley doesn't think another pullback will produce a bottom, although he thinks it's possible.This week, the market will wait for the US September producer price index (PPI) report to be published on Wednesday and the consumer price index (CPI) report on Thursday. These reports are expected to be released on Wednesday. hopes to provide the market with more clues about the Fed's next move.XAUUSD SELL 1850 -1852✔️TP1: 1844✔️TP2: 1838❌SL: 1856Buy Limit: 1825-1830❌SL: 1815✔️TP1: 1850✔️TP2: 1875

World gold prices stabilized with spot gold down 0.4 USD to 1,820.6 USD/ounce. Gold futures last traded at 1,834.4 USD/ounce, down 0.4 USD compared to yesterday morning.The world gold market was quiet in the early morning trading session this morning (Vietnam time) while waiting for the US Department of Labor's September employment report to be announced on Friday morning. The number of non-farm jobs important jobs are expected to increase by 170,000 compared to an increase of 187,000 in the September report. The private sector jobs report released on Wednesday showed that the US labor market continues to show signs of cooling, causing many People expect to see another disappointing report from the US Department of Labor. A weakening US economy would actually be a good thing for markets, as it would likely temper the rise in bond yields.XAUUSD SELL LIMIT 1827-1829TP1: 1822TP2: 1818SL: 1834

World gold prices continued to decline slightly with spot gold down 5.3 USD to 1,823.1 USD/ounce. Gold futures last traded at $1,839.50 an ounce, down $5.10 from the bright spot.A strong USD and US Treasury bond yields rising to their highest level in 16 years brought gold futures prices to their lowest level in 10 months in this morning's trading session (Vietnam time). Bear speculators are currently seizing opportunities on the scenario that the US Federal Reserve (Fed) presented at its recent monetary policy meeting. Fed officials must keep interest rates high “for some time” to deliver the 2% target again, Fed officials said. In the market, there are still mixed views on interest rates in the near future. According to the CME FedWatch tool, markets expect a 45% chance of another 25 basis point interest rate hike this year, but also a 42% chance the Fed will have a monetary policy move in the first half. 2024.It can be seen that rising bond yields and the strength of the USD continue to weigh on commodity prices in general. However, despite the lackluster price action, Robert Minter, director of portfolio investment strategies at abrdn, said that, in the new global economic trend, investors should keep gold on their list of targets. their investment.

World gold prices fell sharply with spot gold down 21.3 USD compared to brightness, falling to 1,828.4 USD/ounce. Gold futures last traded at $1,844.60 an ounce, down $21.50 from the bright spot.December gold futures had their lowest level in 10 months in this morning's trading session (Vietnam time). The USD reached a 10-month high and US Treasury bonds rose to their highest level in 16 years, which are factors hindering gold's reversal.Another factor working against gold is the improvement in club sentiment in the market. Accordingly, consultants became more optimistic when US President Joe Biden signed a temporary budget executive order, promoting the risk of a government shutdown. This law helps analyze the budget to ensure the coalition government can maintain operations within 47 days (until November 17). Before that, markets were firmly looking at the possibility of a government shutdown at the end of last week.Most experts believe that it will be difficult for gold to reverse in the short term as the US Federal Reserve's (Fed) monetary policy setting remains very positive. However, they still maintain their optimism about gold in the medium and long term.

On the world gold market, the price of gold traded at the end of last week in the US decreased by 15.9 USD to 1,848.4 USD/ounce. In Asia this morning, gold prices continued to fall to 1,845 USD/ounce.Gold futures price delivered in December 2023 on the Comex New York floor decreased by 12.5 USD, equivalent to a decrease of 0.67% to 1,866.1 USD/ounce.The gold market just had its second largest monthly decline this year, only in February, when the end of September fell to 99.8 USD, corresponding to a decrease of 5.08%.The reasons for the gold sell-off are the recovery of the US dollar to its highest level since November 2011, the highest US bond yields since October 2007 and the US central bank maintaining its regime. your currency in the near future.In the latest survey, retail investors expect gold to trade around 1,872 USD/ounce in the first week of October.This week, the market will witness some notable news with the release of the ISM Manufacturing and Services PMI numbers for September along with more speeches from the US and European central bank statistics. Europe, including Fed Chairman Jerome Powell and ECB President Christine Lagarde. The highlight of the week will be the September Nonfarm Payrolls report, which is scheduled for release on Friday morning, but could be canceled if the US government shuts down.XAUUSD BUY 1826 - 1828TP : 1834TP : 1840SL : 1818

Gold rebounds from multi-month lows as traders focus on U.S. dollar’s pullback. The strong Non Farm Payrolls report did not put pressure on gold markets as currency traders decided to use the news as an opportunity to take some profits off the table after dollar’s rally.In case gold manages to settle above $1830, it will head towards the nearest resistance level at $1845 – $1855.

Gold prices fell in the morning session on Monday (October 2) because of pressure from the strong USD, after ending last week at a 6-month low.The dollar has appreciated against rival currencies, making gold more attractive to buyers in other currencies. At the time of the survey, the USD Index, a measure of the greenback's strength, against the fiat currency, was up 0.05% to 1.05.912.Gold fell nearly 4% last week, its worst weekly loss since June 2021. At the same time, precious metals recorded their deepest monthly decline since February to the lowest level this year.In the second quarter, gold prices lost 3.3%.Although gold prices fell significantly last week, some analysts predict that prices are likely to fall deeper and the lowest magnitude of the year, just above $1,800 an ounce, is the next major target needed. monitor.XAUUSD SELL 1848 - 1850TP : 1838TP : 1828SL : 1860

Gold prices experienced a dramatic sell-off last week. Gold continuously plummeted when the US Federal Reserve (Fed) kept interest rates unchanged at its September policy meeting and reiterated that interest rates will remain at higher levels for a longer period of time than previously predicted.Kitco News' latest gold survey shows that most market analysts are optimistic that gold will recover in the near future, while retail investors are cautious after going through 7 versions. failed link next.Specifically, among Wall Street analysts consulting Kitco News' gold survey, 54% expect to see higher gold prices this week, 31% expect prices to decline. Meanwhile, 45% of retail investors participating in online tours expect gold to increase this week, 41% predict prices will be lower. Retail investors expect gold to trade around $1,872/ounce this week, $64 lower than last week's expectations, but $23 higher than the current trading price. .Everett Millman, market analyst at Gainesville Coins, believes that gold's recent decline is mainly due to seasonal factors. He forecasts that this precious metal will start the fourth quarter with a strengthening level.XAUUSD SELL 1848 - 1850TP : 1838TP : 1828SL : 1860