Trading signals and online forecasts

Online trading signals with results in real time on the financial markets from professional traders


Insignificant rebound in the gold price
Insignificant rebound in the gold price An extremely insignificant rebound in the gold price on Friday after a strong sell-off in the previous session did not affect the price drop for the entire week.The quotes remained around the level of $1,754 per ounce. An unexpected increase in US retail sales in August at the beginning of the week revived fears of a reduction in the Fed's stimulus in the near future, which led to an increase in the dollar and a decline in gold by almost 3% on Thursday. The market is almost sure that the Fed will reduce the purchase of securities, and this will increase the yield of US Treasury bonds. This does not bode well for gold and will not allow it to return to the highs of last year. The dollar rose to a three-week peak, which made gold more expensive for holders of other currencies, while Treasury bond yields also increased. Before the Fed meeting, the quotes are likely to stay in the range of 1750-1780 dollars per ounce. In the future, a strong hawkish shift may provoke another sharp reaction towards a decline in gold prices. The curtailment of economic support measures not only weakens the status of the precious metal as a safe haven, but any subsequent increase in interest rates will lead to an increase in the opportunity cost of owning the asset.In the forecast for the coming week, we assume a corrective recovery of the gold price to the levels of 1760, 1765 and 1770 dollars per ...
On Thursday, the gold price fell to the support level of 1755
On Thursday, the gold price fell to the support level of 1755 The drop was the highest in the last six weeks and occurred against the background of a sharp increase in the yield of the US dollar and Treasury bonds after data indicating a strengthening of retail sales last month. The US government also said on Thursday that over the past week, the number of initial applications for unemployment benefits in the US increased from 20,000 to 332,000. Retail sales rose 0.7% last month, although economists had forecast a 0.7% drop. In addition, the Philadelphia Federal Reserve's business activity index rose to 30.7 points in September from 19.4 in August, breaking a four-month series of falls. Precious metals prices will be volatile in the near future, as investors are waiting for clarity from the Fed next week on plans to reduce bond purchases that provided liquidity to markets during the pandemic in the spring of 2020. Traders will also be watching for signals regarding the timing of a possible increase in interest rates. Given the Fed's desire to reduce asset purchases, gold has room for further falls in the coming days, and there is no positive catalyst in the short term yet.The forecast assumes a reversal and a corrective recovery of the gold price to the resistance levels of 1760, 1765 and 1775 dollars per ...
Gold: XAUUSD trading forecast for today, September 16, 2021
Gold: XAUUSD trading forecast for today, September 16, 2021 Gold again fell below the key support of $1,800 per ounce.On Wednesday, the quotes reached the level of 1793 dollars. Yesterday's growth turned out to be the most short-term, and analysts now predict a further decline to the level of $1,755 per ounce. The increase in inflation causes an ambiguous reaction in the precious metals market. Retail investors are buying up gold coins to protect against inflation, but this is not enough to compensate for sales in other areas of the market. Money managers have reduced their interest in gold in recent months. At the same time, there is still a demand for jewelry in key markets, such as India and China. Central banks also remain net buyers of the precious metal. The World Gold Council reported that the total volume of purchases in the first seven months of the year reached 347 tons. For the entire year 2020, central banks bought only 263 tons of gold. Analysts expected the ECB meeting last Thursday, but in the end the meeting had little effect on the quotes. The European Central Bank left interest rates unchanged and announced that it was maintaining the volume of bond purchases.The forecast assumes a further decline in the price of gold to the levels of 1790, 1785 and 1780 dollars per ...
Gold: XAUUSD trading forecast for today, September 15, 2021
Gold: XAUUSD trading forecast for today, September 15, 2021 The price of gold rose sharply on Tuesday and reached the level of $1803 per ounce, although data showed that US inflation in August grew at the slowest pace in seven months.A lower-than-expected consumer price index led to a weakening of the US dollar and to support gold prices. The inflation data also weakened expectations of an early reduction in the Fed's monetary policy. Indicators of consumer price growth and the employment market will be key factors for the Fed's further steps next week. So far, the regulator's position implies a reduction in monthly purchases of $120 billion of mortgage-backed securities by the end of the year. Preliminary statements show that the reduction will begin this year and will be completed in the first half of 2022. Officials assessed the reduction in hiring in the labor market as a temporary phenomenon. The Fed's Beige Book report showed a decrease in the degree of activity in the US economy in August amid a surge in morbidity. The next meeting of the US Central Bank will be held next week, in connection with which there are no speeches by representatives of the Fed in the coming days.The forecast assumes further strengthening of the gold price to the resistance levels of 1810, 1815 and 1825 dollars per ...

Articles about financial markets

Is it worth investing in gold now?
Is it worth investing in gold now? Is it worth investing in Gold now?Gold is the most popular precious metal for investment. The profitability of investments in it is subject to significant fluctuations, but over the past 5 years, the precious metal has brought investors ~68% in dollars, the average annual yield was ~13.6%.What does the price of Gold depend onTraditionally, it is believed that investing in Gold protects against inflation. But in many ways, metal prices depend on supply and demand.  In the first place in terms of demand for Gold is the jewelry industry ~45%. Investments in it take ~25-30%. Purchases of gold by central banks on average amount to ~15-20%. Production accounts for ~7-10% of the total demand.  What is the current situation with supply and demandAccording to a study by GOLDHUB, the demand for gold in the first half of 2021 decreased by 10% year-on-year to 1885.2 tons. Gold production increased by 4.27% to 2307.9 tons.  What the banks say The banks' opinions on Gold prices are divided. Credit Suisse and Société Générale forecast a decline in gold prices to an average of $1,670 per ounce with a ceiling of $1,792 by the end of the year. Commerzbank and Standard Chartered are more optimistic — the banks believe that Gold prices can recover to $1834 and $1820 per ounce, respectively.Analysts' opinionThere is a surplus of Gold supply in the amount of 422.7 tons on the market. To reduce it, it is necessary that the demand for jewelry and investment increased by 20%, and production remained at the current level. But the growth of gold production by 2023 is projected to be almost 2 times.  Given the possible increase in the Fed rate by 2023 and the associated growth of the dollar, the strong growth of gold looks doubtful. It seems that the prices for precious metals in the near future will range from $1,670 to 1,820 per ounce.  The current price levels for investors look unattractive from the point of view of prospects for 12-18 months. Most likely, Gold will provide more interesting levels to buy.Read more: What does the Fed rate ...
Investing in Gold in 2021: high profit and protection from inflation or a trap for beginners?
Investing in Gold in 2021: high profit and protection from inflation or a trap for beginners? Without exaggeration, Gold can be called one of the most popular precious metals. It is Gold that is considered to be a safe haven asset, to which funds should be transferred in the event of financial crises. However, as it turned out, in 2021, competent financial market participants were divided into 2 groups: some believe that Gold has already outlived itself, since investing in a net asset will not allow you to extract passive profit (dividends), while others are convinced that Gold is the only real money that is not afraid of inflation and other troubles of modern economic reality.It is striking that the above-mentioned opinions do not contradict each other in any way. Each of the beliefs can be considered fair. It all depends on the specific macroeconomic situation. For example, in 2020-2021, gold is in high demand due to economic instability, which was caused by COVID-19. The price of Gold is steadily growing in the medium term, and periodically emerging local downtrends are only a natural correction of the global uptrend.Let's not forget that Gold is a limited resource despite the fact that the demand for this metal is consistently at a high level. This fact practically guarantees the continuation of the global uptrend in the long term.  Can investing in Gold protect against inflation? The downward corrections on the charts reflecting the pricing of gold can be quite long. It is not entirely correct to see investments in this metal as just a way to protect against inflation. The last 50 years suggest that it is much better to consider investments in securities (shares of companies with high capitalization, or in government bonds) to protect free funds from depreciation. In the period from the 80s to the early 2000s, the value of gold decreased from 500 USD to 250 USD. During the same period, the purchasing power of the US dollar also decreased by 57%. As a result, Gold not only failed to meet the expectations of investors,but also provided a serious drawdown. However, those who refused to sell gold at 250 USD per ounce today can extract superprofits, since the current value of the metal at the time of writing exceeds the mark of 1800 USD.Summing up a small sum, it should be said that Gold is indeed a reliable object for investing free funds, but only in the long term.  The value of Gold and geopolitics In the period from the 80s to the early 2000s, the United States was the absolute leader in the world. The USSR collapsed, and the PRC was not ready for an economic breakthrough. This state of affairs suited many, since American regulators dictated uniform rules of the game in the financial markets and strictly controlled them. There were enough objects for investment, both for holders of significant capital and for the middle class. The price of Gold declined during this period, as investors were offered more profitable directions.  In 2021, the situation has changed radically. There are players in the arena in the face of Russia and China and India, who are not satisfied with the model of a unipolar world. Oddly enough, but the start for the development of these states was the terrorist attacks of 2001 in the United States. From that moment on, echoes of anti-globalism began to appear in the geopolitical space. This directly affected the price of Gold, which is clearly visible on the monthly chart:Gold, 1M It is quite simple to explain this: the United States has serious competitors in the face of Russia, China and other developing countries. Competition became the main cause of economic instability, which contributed to the growth of Gold capitalization.  How can a possible "de-dollarization" affect the price of Gold? Since 2008, the United States has increasingly abused its financial position. The status of the USD as a single reserve currency does not suit many people anymore. At the moment, a number of countries are already looking for an alternative to green American bills, and the central banks of Russia and China are actively increasing the share of the yellow metal in their own reserves. In the Russian Federation, this share has already exceeded the mark of 20%. If you believe the forecasts of prominent analysts, the volume of capital investments in Gold by the central banks of a number of countries will only increase over the years. Of course, this will lead to an increase in capitalization and, consequently, to a significant increase in value.  Currency wars It is quite possible that in the foreseeable future we will be lucky to witness a real war between the currencies of different countries. This will significantly increase the volatility of financial markets and create good opportunities for effective trading. The reason for currency wars can be a strong debt burden of the world. It is known that the total GDP of all countries cannot exceed 80 trillion USD per year. At the time of writing, the global debt is estimated at $ 400 trillion, which is 5 times more than the maximum possible total GDP. By the way, the lion's share of this debt (more than 70%) lies on the shoulders of the United States.  The reason for the formation of such a debt was a loyal mortgage policy, as well as the credit system as a whole. Of course, these 400 trillion US dollars are unsecured pieces of paper. Sooner or later, this bubble will burst, which will lead to a large-scale devaluation of all world currencies. With such a development of events, the value of Gold will obviously grow at a furious pace. Read more: Volatility: types, how to track and how to useGiffen's product Among the trading participants in the financial markets, there is such a term as a Gifen commodity. This is a conditional asset, along with an increase in the value of which the demand for it also increases. A striking example is the Apple iPhone. Fundamental changes have not been made to the device for a long time, just like in the OS, but the demand and cost of goods are only growing every year. Something similar can now be observed on the charts reflecting the dynamics of the pricing of the yellow metal. Its current value is breaking world records, while the capitalization continues to increase every month.  Is it worth buying Gold in 2021 to save and increase funds? Taking into account all the above, the answer is obvious. Yes, Gold will definitely increase in price both in the long and short term. Statistics on COVID-19 remain disappointing, new strains make vaccination an ineffective means of protection in the EU countries, and restrictive measures are still relevant in a number of countries. This crisis led to the fact that the price of Gold marked a new, absolute historical maximum at around 2121 USD per ounce. Since the cause of the crisis remains relevant, there is every reason to believe that in the foreseeable future we will see new highs on the XAU/USD pair.  In addition, other facts mentioned above allow us to confidently speak about the growth of the value of the yellow metal:The debt burden exceeds the total GDP.Central banks of developing countries are actively increasing the share of Gold in their own international reserves.he demand for Gold continues to increase among both private and institutional investors.Conclusion: in 2021, Gold is no longer just an instrument of protection against inflation. This is an asset, investments in which can significantly increase the ...
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