UBS forecasts gold and silver prices to rise in 2024 amid Fed rate cuts
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Demand for gold will break records thanks to active central bank purchases, which continue and will continue this year - World Gold Council (WGC) predicts
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Demand for gold will break records thanks to active central bank purchases, which continue and will continue this year - World Gold Council (WGC) predicts
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Gregoryan
#GOLD 👉New forecast As we can see, there is a lot of rejection at the 2020–2030 support levels. 📊On the 1H timeframe, XAUUSD formed a lower high, and it's forming a 1-2-3 move. I expect some rejection at the support level and to buy confirmation. ✅ If…
#GOLD
👉UPDATE
The price perfectly fulfilled my last idea. It reached the buying area. XAUUSD market rebounded from the strong💪 support level. The price formed tweezer bottom on the 4H timeframe.‼️ I think the market might just keep moving back and forth🔀 in the range zone as it did before, right at these price levels, in anticipation of the next news release. 📰
However, if the market rejects the support level, a complex pullback may be formed.〽️I expect the price to pull back down and go upward to local highs. 📊
🎯My goal is the resistance zone at 2036.50
👉UPDATE
The price perfectly fulfilled my last idea. It reached the buying area. XAUUSD market rebounded from the strong💪 support level. The price formed tweezer bottom on the 4H timeframe.‼️ I think the market might just keep moving back and forth🔀 in the range zone as it did before, right at these price levels, in anticipation of the next news release. 📰
However, if the market rejects the support level, a complex pullback may be formed.〽️I expect the price to pull back down and go upward to local highs. 📊
🎯My goal is the resistance zone at 2036.50
Gregoryan
👑 Ideas For XAUUSD / GOLD 📈 GOLD → Falling to a strong liquidity area. Retest of D1 support ➖➖➖➖➖➖➖➖➖ GOLD has been losing ground since the opening of the session on the negative fundamental background, which has persisted since last week. The price continues…
👑 Ideas For XAUUSD / GOLD
📈 GOLD → A retest of support will lead to a breakout
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GOLD under the influence of negative fundamental background is testing the support, from which it is forming the rebound we were waiting for. At this time the dollar is strongly strengthening and overcoming local boundaries
On D1 the price of gold is testing the ascending support, a small rebound and a possible retest of the support may be a signal that the market is ready for further decline. There is no strong news today, several FOMC representatives will speak, but the outlook for inflation and rates is the same. On the XAU graphee, we should pay attention to the support at 2021 and 2016. A retest, price squeeze and pre-breakdown consolidations would indicate that the market is ready for a breakout of this zone for a further decline towards 2004. However, price may still test resistance at 2031, 2039 before further decline. Moving averages are trying to form another line crossover.
Resistance levels: 2028, 2031, ...
📈 GOLD → A retest of support will lead to a breakout
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GOLD under the influence of negative fundamental background is testing the support, from which it is forming the rebound we were waiting for. At this time the dollar is strongly strengthening and overcoming local boundaries
On D1 the price of gold is testing the ascending support, a small rebound and a possible retest of the support may be a signal that the market is ready for further decline. There is no strong news today, several FOMC representatives will speak, but the outlook for inflation and rates is the same. On the XAU graphee, we should pay attention to the support at 2021 and 2016. A retest, price squeeze and pre-breakdown consolidations would indicate that the market is ready for a breakout of this zone for a further decline towards 2004. However, price may still test resistance at 2031, 2039 before further decline. Moving averages are trying to form another line crossover.
Resistance levels: 2028, 2031, ...
#GOLD
👉UPDATE
The price perfectly fulfilled my last idea. 📌The price bounced off the support level and hit the target level. XAUUSD is ranging after🔀 it returned to the range zone. It might continue ranging because the price is in the inside bar pattern on the daily timeframe. 📈
It could be a bullish🐃 move if the market retests the support level. Alternativly, we can expect the choppy market. I think the price might grab liquidity🪝 below the big bullish candle and then move higher. ↗️
🎯 My goal is the resistance zone around 2045
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
👉UPDATE
The price perfectly fulfilled my last idea. 📌The price bounced off the support level and hit the target level. XAUUSD is ranging after🔀 it returned to the range zone. It might continue ranging because the price is in the inside bar pattern on the daily timeframe. 📈
It could be a bullish🐃 move if the market retests the support level. Alternativly, we can expect the choppy market. I think the price might grab liquidity🪝 below the big bullish candle and then move higher. ↗️
🎯 My goal is the resistance zone around 2045
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Trading intra-range.. The price continues to stand still
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GOLD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term.
Fundamentally, the $ is strong and continues to be supported by US regulators. At 19:00 GMT Bowman FOMC speaks, it is worth paying attention to his comments.
Gold at 1 is still in a range. It is quite difficult to anchor an entry point to something because there are no safe zones to open orders inside such consolidation. On H1, the price is inside the local range 2039 - 2016 and gold can continue trading inside this consolidation for quite a long time. The resistance was tested earlier, a retest is possible, but on a negative fundamental background and a strong dollar, gold may decline a bit.
Resistance levels: 2039, 2042, 2057
Support levels: 2029, 2016, 2004
A retest of the resistance is possible before a further decline within a range trading strategy. It...
📈 GOLD → Trading intra-range.. The price continues to stand still
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GOLD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term.
Fundamentally, the $ is strong and continues to be supported by US regulators. At 19:00 GMT Bowman FOMC speaks, it is worth paying attention to his comments.
Gold at 1 is still in a range. It is quite difficult to anchor an entry point to something because there are no safe zones to open orders inside such consolidation. On H1, the price is inside the local range 2039 - 2016 and gold can continue trading inside this consolidation for quite a long time. The resistance was tested earlier, a retest is possible, but on a negative fundamental background and a strong dollar, gold may decline a bit.
Resistance levels: 2039, 2042, 2057
Support levels: 2029, 2016, 2004
A retest of the resistance is possible before a further decline within a range trading strategy. It...
#GOLD
👉New forecast
The market went up and missed the target level by a couple of points. XAUUSD formed a long-tailed bar; 📌 it took liquidity above the Monday high 📊 and rolled back. At this level, the price was rejected several times before. The market also formed some sort of head-and-shoulders pattern. 🗿
On the daily timeframe, we have a fake breakout of the inside bar,❗️ which is a strong sign of the reversal. I expect the price to retest the support level and may be even lower depending on the trend of the price action. ⤵️
🎯My target is a support level at 2024.
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
👉New forecast
The market went up and missed the target level by a couple of points. XAUUSD formed a long-tailed bar; 📌 it took liquidity above the Monday high 📊 and rolled back. At this level, the price was rejected several times before. The market also formed some sort of head-and-shoulders pattern. 🗿
On the daily timeframe, we have a fake breakout of the inside bar,❗️ which is a strong sign of the reversal. I expect the price to retest the support level and may be even lower depending on the trend of the price action. ⤵️
🎯My target is a support level at 2024.
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
Gregoryan
👑 Ideas For XAUUSD / GOLD 📈 GOLD → Trading intra-range.. The price continues to stand still ➖➖➖➖➖➖➖➖➖ GOLD has simply been standing still for months now. At least on D1 the range is narrowing and this could lead to something in the medium term. Fundamentally…
👑 Ideas For XAUUSD / GOLD
📈 GOLD → The calm (consolidation) before the storm ⚡︎
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GOLD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm.
Gold makes a false break of the resistance area 2039-2042 and forms a consolidation in a narrow range in the phase of waiting for news. Technically, the market continues to stand still. On D1 there is a global flat, but the borders of a symmetrical triangle are present, volatility is decreasing and the range is narrowing. It is interesting that trading volumes are decreasing, but the profile shows a different situation. The market is consolidating liquidity, because at the moment investors do not know what to expect and in the medium term they are aiming to hear some news about the interest rate reduction.
Resistance levels: 2039, 2042, 2048
Support levels: 2029, 2016, 2004
There is a chance to see bullish news for the dollar...
📈 GOLD → The calm (consolidation) before the storm ⚡︎
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GOLD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm.
Gold makes a false break of the resistance area 2039-2042 and forms a consolidation in a narrow range in the phase of waiting for news. Technically, the market continues to stand still. On D1 there is a global flat, but the borders of a symmetrical triangle are present, volatility is decreasing and the range is narrowing. It is interesting that trading volumes are decreasing, but the profile shows a different situation. The market is consolidating liquidity, because at the moment investors do not know what to expect and in the medium term they are aiming to hear some news about the interest rate reduction.
Resistance levels: 2039, 2042, 2048
Support levels: 2029, 2016, 2004
There is a chance to see bullish news for the dollar...
Voila 🤩
Initial Jobless Claims are lower than expected, which is favorable for the dollar.
Everything happened just about as I said it would 🙂
Gold tests 2020, dollar continues to rise 😉
Initial Jobless Claims are lower than expected, which is favorable for the dollar.
Everything happened just about as I said it would 🙂
Gold tests 2020, dollar continues to rise 😉
#GOLD
👉New forecast
The price perfectly fulfilled my last idea. 🎯 The market tanked and hit the TP. XAUUSD rolled back to the range zone, and most likely we'll see some pullback. ⤵️
I think the market may stay in the range zone, 🔀 even though the price made higher swing lows. Overall, I expect a choppy market because we have strong💪 rejection above and an impulse move from the support level. 🚀
🎯My goal is the previous resistance zone around 2042.600 if the market rejects the support by making a fake breakout.
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
№5GOLD +128p✅
👉New forecast
The price perfectly fulfilled my last idea. 🎯 The market tanked and hit the TP. XAUUSD rolled back to the range zone, and most likely we'll see some pullback. ⤵️
I think the market may stay in the range zone, 🔀 even though the price made higher swing lows. Overall, I expect a choppy market because we have strong💪 rejection above and an impulse move from the support level. 🚀
🎯My goal is the previous resistance zone around 2042.600 if the market rejects the support by making a fake breakout.
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My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
№5GOLD +128p✅
Gregoryan
👑 Ideas For XAUUSD / GOLD 📈 GOLD → The calm (consolidation) before the storm ⚡︎ ➖➖➖➖➖➖➖➖➖ GOLD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The…
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Support retests continue. Weak fundamental background
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GOLD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing.
Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday. Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is we...
📈 GOLD → Support retests continue. Weak fundamental background
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GOLD on the background of news on Thursday is declining, but does not reach the local minimum. On the background of the pullback the price also does not reach the local maximum. The range boundaries are narrowing.
Volatility is very low, the price has been standing still for two days, as evidenced by the D1 candlesticks of Wednesday and Thursday. Technically, we can observe a global uptrend, but at the moment we should pay attention to the symmetrical triangle. The price continues to test the trend support. Each new retest of the support forms a weaker and weaker reaction, the price continues to squeeze against the support. Technically, we can assume that the market is preparing to break the lower trend boundary, which can form a volume surge and a strong momentum towards the lower levels, such as 2000. Fundamentally, although we have high interest in the metal, but locally, the fundamental background is we...
Gregoryan
❗️😖GOLD HELLO! What are these movements between the 2019 and 2039 levels?Are you kidding?😁 🤔What do you think will happen next?
BUT my forecast WIN🙏💰
✅GOLD +90 pips
✅GOLD +90 pips
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🌐 Major asset rates:
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🇺🇸 S&P 500 - 5,026.61 (↑1.37%)
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🔸 Fed officials expect at least two rate cuts this year - CNBC
🔸 California voters 🗳 are embracing pro-crypto candidates in 2024 - Cointelegraph
🔸 Apple 🍎 is poised to bring metaverse mainstream - Cointelegraph
🔸 US bans AI-generated voices - Cointelegraph
🌐 Major asset rates:
💵 DXY - 103.955 (↑0.13%)
🇺🇸 S&P 500 - 5,026.61 (↑1.37%)
🛢 Oil Brent - 81.97 (↑5.54%)
🟡 GOLD - 2,057.10 (↓0.89%)
💰 Bitcoin - 43,057 (↑9.60%)
Top brokers for Forex and Crypto
Website | TradingView | YouTube | Instagram | Premium Group
👑 Ideas For XAUUSD / GOLD
📈 GOLD → When will the price come out of consolidation?
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GOLD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range between the strong boundaries of 2067 and 2010
The dollar continues to strengthen, testing support as part of the correction and apparently preparing for further growth, which may temporarily have a negative impact on gold. But, if you look closely, technically, gold, on the background of increased interest feels quite confident and the market is trying not to succumb to strong manipulations on the part of the growing dollar.
On Friday XAU is testing the ascending support again, the session closes below the line, but it is a weak signal within the flat. The 2015 level may influence the sales, but only if this area is broken. At the moment, there are no signs that the market will break 2015.6 in the near future. We need to wait for the retest of this su...
📈 GOLD → When will the price come out of consolidation?
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GOLD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range between the strong boundaries of 2067 and 2010
The dollar continues to strengthen, testing support as part of the correction and apparently preparing for further growth, which may temporarily have a negative impact on gold. But, if you look closely, technically, gold, on the background of increased interest feels quite confident and the market is trying not to succumb to strong manipulations on the part of the growing dollar.
On Friday XAU is testing the ascending support again, the session closes below the line, but it is a weak signal within the flat. The 2015 level may influence the sales, but only if this area is broken. At the moment, there are no signs that the market will break 2015.6 in the near future. We need to wait for the retest of this su...
👑 Ideas For XAUUSD / GOLD
📈 GOLD → When will the price come out of consolidation?
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The chart above shows the current range. The price has not yet managed to update the local lows, as well as the highs, as evidenced by the neutrality of forces between buyers and sellers. Against the background of the local situation: dollar growth, negative fundamental background for gold, we can determine that in the coming week gold may test flat support before further rebound (or false breakdown), after which the price may continue trading within this range.
The reason for continued consolidation: there is no strong news in the market, the dollar continues to rise as the Fed is not looking to cut rates anytime soon, but buyers are actively trying to contain the declines in gold. The interest in gold is also affected by the interest of the world central banks, as well as the geopolitical crisis, as well as rumors of a banking crisis in the United States.
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#XAUUSD 👑
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⚡ ...
📈 GOLD → When will the price come out of consolidation?
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The chart above shows the current range. The price has not yet managed to update the local lows, as well as the highs, as evidenced by the neutrality of forces between buyers and sellers. Against the background of the local situation: dollar growth, negative fundamental background for gold, we can determine that in the coming week gold may test flat support before further rebound (or false breakdown), after which the price may continue trading within this range.
The reason for continued consolidation: there is no strong news in the market, the dollar continues to rise as the Fed is not looking to cut rates anytime soon, but buyers are actively trying to contain the declines in gold. The interest in gold is also affected by the interest of the world central banks, as well as the geopolitical crisis, as well as rumors of a banking crisis in the United States.
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#XAUUSD 👑
➖➖➖➖➖➖➖➖➖
🟡 How do I join the VIP🔅
⚡ ...
👑 Ideas For XAUUSD / GOLD
📈 GOLD → When will the price come out of consolidation?
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In the coming week, starting on Tuesday, we will start to encounter important news that could affect both the dollar and gold.
Overall, on CPI, the market is expecting neutral to positive data
On Retail Sales and Initial Jobless Claims, the market is expecting negative data for the $, amid an unclear political environment.
But Friday's PPI, if higher than expected, may cheer up the USD index a bit, as well as the SP500.
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#XAUUSD 👑
➖➖➖➖➖➖➖➖➖
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📈 GOLD → When will the price come out of consolidation?
➖➖➖➖➖➖➖➖➖
In the coming week, starting on Tuesday, we will start to encounter important news that could affect both the dollar and gold.
Overall, on CPI, the market is expecting neutral to positive data
On Retail Sales and Initial Jobless Claims, the market is expecting negative data for the $, amid an unclear political environment.
But Friday's PPI, if higher than expected, may cheer up the USD index a bit, as well as the SP500.
➖➖➖➖➖➖➖➖➖
#XAUUSD 👑
➖➖➖➖➖➖➖➖➖
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🗣 Top FOREX Broker 🌟
➖➖➖➖➖➖➖➖➖
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅
#GOLD
👉New forecast
The market is forming some sort of bearish pennant pattern 🚩 after a downward move, and it created a range zone with previous Monday highs and lows. 📊The market could not uptade its highs and was rejected twice at the downward trendline. ⏬
The price squeezed between resistance and support levels, which suggests that the market will make another impulse move this week.🚀 I expect a pullback to the resistance/range border 🔎 and a fall from the level to retest the recent support level, expansion after contraction. 📉
🎯My goal is the support around 2006 - 2008
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
№5GOLD +128p✅
№6GOLD -79p❌
👉New forecast
The market is forming some sort of bearish pennant pattern 🚩 after a downward move, and it created a range zone with previous Monday highs and lows. 📊The market could not uptade its highs and was rejected twice at the downward trendline. ⏬
The price squeezed between resistance and support levels, which suggests that the market will make another impulse move this week.🚀 I expect a pullback to the resistance/range border 🔎 and a fall from the level to retest the recent support level, expansion after contraction. 📉
🎯My goal is the support around 2006 - 2008
➖➖➖➖➖➖➖➖➖
My past forecasts on GOLD 👩💻
№1GOLD +129p✅
№2GOLD +164p✅
№3GOLD +134p✅
№4GOLD +137p✅
№5GOLD +128p✅
№6GOLD -79p❌
Gregoryan
👑 Ideas For XAUUSD / GOLD 📈 GOLD → When will the price come out of consolidation? ➖➖➖➖➖➖➖➖➖ GOLD closed the trading session with a bearish candlestick on Friday. The asset loses 0.8% for the week, but at the same time it continues to stay inside the range…
👑 Ideas For XAUUSD / GOLD
📈 GOLD → Sellers are testing trend support. What could happen?
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GOLD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart
On D1 the market is still neutral, there is no strong news that would affect the price, but as we can see, gold is testing the global trend support. At the same time, the dollar index continues to form a bullish trend, which is bad for gold.
On H1, we can see the local trend change to a downtrend, but the continuation of the trend is hindered by the support of the symmetrical triangle. We have a chance to catch a breakout of this area. Consolidation of the price below the 2021 area will confirm the market sentiment, ready to decline to 2015-2010.
Resistance levels: 2026.4, trend resistance
Support levels: 2021, 2015, 2010, 2004
The gold market is under selling pressure, buyers are trying to hold this pr...
📈 GOLD → Sellers are testing trend support. What could happen?
➖➖➖➖➖➖➖➖➖
GOLD has been testing the local resistance area since the opening of the session and forming a false breakout with subsequent decline, but at the same time a symmetrical triangle is forming on the chart
On D1 the market is still neutral, there is no strong news that would affect the price, but as we can see, gold is testing the global trend support. At the same time, the dollar index continues to form a bullish trend, which is bad for gold.
On H1, we can see the local trend change to a downtrend, but the continuation of the trend is hindered by the support of the symmetrical triangle. We have a chance to catch a breakout of this area. Consolidation of the price below the 2021 area will confirm the market sentiment, ready to decline to 2015-2010.
Resistance levels: 2026.4, trend resistance
Support levels: 2021, 2015, 2010, 2004
The gold market is under selling pressure, buyers are trying to hold this pr...