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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 |
|---|---|---|---|---|---|
| 21:00 |
USD
|
FOMC Statement | |||
| 21:30 |
USD
|
FOMC Press Conference | |||
| 17:00 |
USD
|
ISM Manufacturing Prices | 55.8 | ||
| 00:01 |
NZD
|
RBNZ Financial Stability Report | |||
| 04:00 |
NZD
|
Media conference for the RBNZ Financial Stability Report (FSR) | |||
| 21:00 |
USD
|
FOMC Rate Decision | 5.50% | 5.50% | |
| 16:30 |
CAD
|
S&P Global Manufacturing PMI | 49.8 | 50.2 | |
| 16:45 |
USD
|
Manufacturing PMI | 49.9 | 49.9 | |
| 17:00 |
USD
|
ISM Manufacturing PMI | 50.3 | 50.1 | |
| 17:00 |
USD
|
Construction Spending | -0.3% | 0.3% | |
| 17:00 |
USD
|
JOLTs Job Openings | 8756K | 8680K | |
| 23:00 |
USD
|
Total Vehicle Sales | 15.5M | 15.7M | |
| 01:45 |
NZD
|
Employment Change | 0.4%, 2.7% | 0.3%, 1.6% | -0.2%, 1.2% |
| 01:45 |
NZD
|
Unemployment Rate | 4.0% | 4.3% | 4.3% |
| 01:45 |
NZD
|
Participation Rate | 71.9% | 71.9% | 71.5% |
| 01:45 |
NZD
|
Private Wages | 1.0%, 1.0% | 0.8%, 0.8% | 0.8%, 0.8% |
| 02:00 |
AUD
|
S&P Global Manufacturing PMI | 49.9 | 49.9 | 49.6 |
| 17:30 |
USD
|
Crude Oil Inventories | -6368K | -2300K | |
| 03:30 |
JPY
|
Manufacturing PMI | 49.9 | 49.9 | 49.6 |
| 09:00 |
GBP
|
Nationwide House Price Index | -0.2%, 1.6% | 0.1%, 1.2% | -0.4%, 0.6% |
| 09:30 |
AUD
|
Commodity Prices | -14.9% | -11.6% | |
| 11:30 |
GBP
|
Manufacturing PMI | 48.7 | 48.7 | 49.1 |
| 12:30 |
GBP
|
10-y Bond Auction | 4.015%, 3.33 | 4.371%, 3.10 | |
| 15:15 |
USD
|
ADP Non-Farm Employment Change | 208K | 179K | 192K |
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 | $2253.45 | $2250.65 |
| 2025 | $2065.75 | $2087.45 |
| 2026 | $2328.15 | $2185.15 |
| 2027 | $2244.05 | $2319.05 |
| 2028 | $2204.25 | $2302.25 |
| 2029 | $2408.45 | $2498.15 |
| 2030 | $2956.55 | $2823.35 |
| 2031 | $2787.85 | $2769.85 |
| 2032 | $2752.45 | $2932.85 |
| 2033 | $2979.85 | $3043.55 |
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.
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
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.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
