XAUUSD - Long-term gold trading trends,early weekly gold trading
World gold prices tend to increase with immediate gold trading increasing by 0.9 USD compared to the previous weekly trading time at 1,925.8 USD/ounce.
Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least a temporary another increase in 2023 and interest rates will have to remain higher for longer.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold prices to increase this week. Specifically, among Wall Street analysts surveyed, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey found that retail investors expect gold prices to trade around $1,936/ounce this week, $12 higher than previous expectations.
James Stanley, senior market strategist at Forex.com, said that the bullish trend in gold prices was clear last week as despite rising bond and USD gains, gold remained very strong.
Last week, world gold continued to trade in the neutral zone when the US Federal Reserve (Fed) kept interest rates unchanged at the September monetary policy meeting and signaled the possibility of at least a temporary another increase in 2023 and interest rates will have to remain higher for longer.
Kitco News' latest gold survey shows that market analysts and retail investors expect gold prices to increase this week. Specifically, among Wall Street analysts surveyed, 46% predicted gold prices would rise higher, 15% predicted prices would decrease, and 38% had a neutral view on gold. Meanwhile, 49% of retail investors believe that gold will increase, 35% predict the price will decrease, and 15% maintain a neutral view in the near future.
The latest survey found that retail investors expect gold prices to trade around $1,936/ounce this week, $12 higher than previous expectations.
James Stanley, senior market strategist at Forex.com, said that the bullish trend in gold prices was clear last week as despite rising bond and USD gains, gold remained very strong.
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XAUUSD BUY 1918-1920
TP1: 1926
TP2: 1930
SL: 1910
TP1: 1926
TP2: 1930
SL: 1910
TP1: 1922
TP2: 1918
SL: 1938