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Live XAU/USD priceGold to US Dollar
Daily gold technical analysis is prepared by Traders Union analyst Anton Kharitonov.
Short-term XAU price prediction by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out XAU price prediction for today.
NOTE!
Signals may differ on different timeframes. If you want to buy Gold (XAU) and hold the metal for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
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| Time GMT | Country | Macroeconomic Indicator | Previous Level | Forecast | Actual Level |
|---|---|---|---|---|---|
| 14:00 |
GBP
|
Monetary Policy Summary | |||
| 02:50 |
JPY
|
Summary of Opinions | |||
| 15:30 |
USD
|
Continuing Claims | 1774K | ||
| 14:00 |
GBP
|
BOE Monetary Policy Report | |||
| 14:30 |
GBP
|
BOE Governor Andrew Bailey Speaks | |||
| 17:00 |
USD
|
Mortgage Delinquencies | 3.88% | ||
| 20:01 |
USD
|
30-y Bond Auction | 4.671%, 2.37 | ||
| 14:00 |
GBP
|
Bank of England Interest Rate Decision | 5.25% | 5.25% | |
| 14:00 |
GBP
|
MPC Official Bank Rate Votes | 0-1-8 | 0-0-9 | |
| 15:30 |
USD
|
Unemployment Claims | 208K | 211K | |
| 02:01 |
GBP
|
RICS House Price Balance | -5% | -2% | -5% |
| 02:30 |
JPY
|
Average Cash Earnings | 1.4% | 1.5% | 0.6% |
| 17:30 |
USD
|
Natural Gas Storage | 59B | 87B | |
| 06:07 |
CNY
|
Trade Balance | 58.6B, 416B | 81.4B, 510B | 72.4B, 513B |
| 08:00 |
JPY
|
Leading Indicators | 111.8 | 111.3 | 111.4 |
Investors typically consider a broad spectrum of factors when analyzing the gold (XAUUSD) market, recognizing that no single factor has decisive influence in isolation. Traders Union explains what factors gold investors should regularly monitor:
Central banks' gold reserves. Gold is often influenced by central banks' decisions to buy or sell gold reserves, as this can signal confidence or concerns in the global economic landscape. Key players in this market include the central banks of India, China, EU countries, and Russia, which can buy or sell monetary gold in significant amounts, impacting exchange prices.
Dollar strength/weakness. The value of the U.S. dollar is a significant factor. A weaker dollar often tends to support higher gold prices, as gold becomes more attractive to investors in other currencies. Gold is considered an alternative currency to the dollar.
Behavioral factors. Gold is considered a safe-haven asset, and its price often rises during times of economic uncertainty or geopolitical instability. Fear and uncertainty in financial markets can drive investors toward gold as a hedge.
Inflation. Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve the value of their wealth.
Global economic conditions. Economic downturns may lead to increased demand for gold as a safe haven.
| Year | Price in the middle of the year | Price at the end of the year |
|---|---|---|
| 2024 | $2269.51 | $2266.71 |
| 2025 | $2081.81 | $2103.51 |
| 2026 | $2344.21 | $2201.21 |
| 2027 | $2260.11 | $2335.11 |
| 2028 | $2220.31 | $2318.31 |
| 2029 | $2424.51 | $2514.21 |
| 2030 | $2972.61 | $2839.41 |
| 2031 | $2803.91 | $2785.91 |
| 2032 | $2768.51 | $2948.91 |
| 2033 | $2995.91 | $3059.61 |
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.
Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.
Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.
Expert opinions and consensus forecast.
NOTE!
This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Analyzing gold prices involves two primary approaches: technical analysis and fundamental analysis. Technical analysis focuses on historical price data and market trends, utilizing charts and indicators to predict future movements. Fundamental analysis, on the other hand, assesses broader economic factors like demand and supply, interest rates, inflation, and geopolitical events. Many traders employ a combination of both approaches, leveraging the strengths of each one.
To trade gold with news effectively, first, stay updated on economic indicators and geopolitical events that influence gold prices. Assess market sentiment surrounding the news and use technical analysis to identify entry and exit points. Implement sound risk management strategies and be prepared to act swiftly during major announcements to optimize trading outcomes. All these news, indicators and price analysis you can find on this page.
Price forecasts are derived from the current price model and Traders Union's own quantitative model, providing valuable insights into potential future movements. However, it's crucial to recognize that the gold price is influenced by numerous unpredictable factors, such as geopolitical events and economic shifts. Therefore, while forecasts serve as an additional informational resource, they should be viewed as insights rather than definitive calls to action, acknowledging the inherent uncertainties in predicting the complex dynamics that shape future gold prices.
To gauge whether gold is bullish or bearish, this page offers two indicator-based tools that signal the prevailing market sentiment. Utilizing these tools, traders can assess bullish or bearish behavior based on their chosen timeframe. By interpreting indicator signals aligned with your timeframe, you can gain insights into the current sentiment with the prevailing trend in the gold market.
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Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
Volatility refers to the degree of variation or fluctuation in the price or value of a financial asset, such as stocks, bonds, or cryptocurrencies, over a period of time. Higher volatility indicates that an asset's price is experiencing more significant and rapid price swings, while lower volatility suggests relatively stable and gradual price movements.
Index in trading is the measure of the performance of a group of stocks, which can include the assets and securities in it.
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
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He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
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