Data and the risk of widespread conflict, GOLD finds new peaks
As tensions in the Middle East and US consumer confidence worsen, increasing gold's safe-haven appeal 
XAUUSD , along with falling US Treasury bond yields and a weakening US Dollar, gold prices have once again renewed their all-time record high.
In terms of data
The Conference Board reported Tuesday that U.S. consumers' views of the economy worsened in September as concerns about jobs and business conditions grew, with the index Consumer confidence recorded its largest drop in more than three years.
The Conference Board reported that the US consumer confidence index fell sharply to 98.7 in September from 105.6 in August, the largest monthly decline since August 2021. Survey of Dow Jones had forecast the number to be 104.
Iran's President warned Israel to conduct heavy air strikes
Israel announced that it launched a large-scale airstrike against "Hezbollah targets in Lebanon" on September 23, hitting more than 1,600 targets. Israel continued to conduct new air strikes in many places in Lebanon on September 24.
According to Britain's Reuters, on September 23 local time, Iranian President Pezhiziyan said in New York, USA that Israel hopes to draw the Middle East into the conflict between Israel and Lebanon's Hezbollah that has lasted nearly a year. past, by provoking Iran into "total war" and warning that its consequences would be "irreversible".
Asked whether Iran would retaliate after Hamas Politburo leader Haniyeh was killed in an attack in the Iranian capital Tehran in late July, Pezeshizyan said: "They will respond in the appropriate way." at the appropriate time and place."
As fighting between the Lebanese militant group Hezbollah and the Israeli military escalated sharply, Hezbollah has urged Iran to launch attacks on Israel in recent days.
A direct Iranian attack on Israel would significantly further destabilize the region and could draw the United States into war.
The US Federal Reserve's beginning to loosen monetary policy also pushed up gold prices because gold does not generate interest and lowering interest rates can reduce the opportunity cost of holding gold.
Major investment banks expect gold's record price increase to continue through 2025 due to large capital inflows into gold ETFs and expectations of further interest rate cuts from central banks the world's largest.
The basic picture has not changed as gold is still a comprehensively supported choice, both in terms of macro data, monetary policy and geopolitical developments that are increasingly new and complex. more complicated with the risk of spreading.
Analysis of technical prospects forXAUUSD
On the daily chart, gold is having its fifth consecutive day of price increases, the next target level will be the $2,672 mark as the $2,645 price point of the 0.786% Fibonacci extension was quickly broken during the trading day. Yesterday.
It is difficult to trade at the present time even though the main trend is still bullish with the price channel as the short-term trend. However, the Relative Strength Index has peaked in the overbought area, suggesting that there may not be much room left for the price to rise.
In principle, the market will not move in a straight line, so during this time there is a basis to expect a short-term correction without changing the trend.
The correction will likely be limited by support points from the 0.786% Fibonacci in the short term, and more so the 0.618% level.
However, it must be reiterated that all technical and fundamental conditions are pointing in the same direction of price increase, and the uptrend with the expectation of short-term adjustment and of gold prices will be noticed by high levels. following technique.
Support: 2,645 – 2,624USD
Resistance: 2,672USD
SELL XAUUSD PRICE 2691 - 2689⚡️
↠↠ Stoploss 2694
→Take Profit 1 2684
↨
→Take Profit 2 2679
BUY XAUUSD PRICE 2607 - 2609⚡️
↠↠ Stoploss 2603
→Take Profit 1 2614
↨
→Take Profit 2 2619
XAUUSD , along with falling US Treasury bond yields and a weakening US Dollar, gold prices have once again renewed their all-time record high.In terms of data
The Conference Board reported Tuesday that U.S. consumers' views of the economy worsened in September as concerns about jobs and business conditions grew, with the index Consumer confidence recorded its largest drop in more than three years.
The Conference Board reported that the US consumer confidence index fell sharply to 98.7 in September from 105.6 in August, the largest monthly decline since August 2021. Survey of Dow Jones had forecast the number to be 104.
Iran's President warned Israel to conduct heavy air strikes
Israel announced that it launched a large-scale airstrike against "Hezbollah targets in Lebanon" on September 23, hitting more than 1,600 targets. Israel continued to conduct new air strikes in many places in Lebanon on September 24.
According to Britain's Reuters, on September 23 local time, Iranian President Pezhiziyan said in New York, USA that Israel hopes to draw the Middle East into the conflict between Israel and Lebanon's Hezbollah that has lasted nearly a year. past, by provoking Iran into "total war" and warning that its consequences would be "irreversible".
Asked whether Iran would retaliate after Hamas Politburo leader Haniyeh was killed in an attack in the Iranian capital Tehran in late July, Pezeshizyan said: "They will respond in the appropriate way." at the appropriate time and place."
As fighting between the Lebanese militant group Hezbollah and the Israeli military escalated sharply, Hezbollah has urged Iran to launch attacks on Israel in recent days.
A direct Iranian attack on Israel would significantly further destabilize the region and could draw the United States into war.
The US Federal Reserve's beginning to loosen monetary policy also pushed up gold prices because gold does not generate interest and lowering interest rates can reduce the opportunity cost of holding gold.
Major investment banks expect gold's record price increase to continue through 2025 due to large capital inflows into gold ETFs and expectations of further interest rate cuts from central banks the world's largest.
The basic picture has not changed as gold is still a comprehensively supported choice, both in terms of macro data, monetary policy and geopolitical developments that are increasingly new and complex. more complicated with the risk of spreading.
Analysis of technical prospects for
XAUUSD On the daily chart, gold is having its fifth consecutive day of price increases, the next target level will be the $2,672 mark as the $2,645 price point of the 0.786% Fibonacci extension was quickly broken during the trading day. Yesterday.
It is difficult to trade at the present time even though the main trend is still bullish with the price channel as the short-term trend. However, the Relative Strength Index has peaked in the overbought area, suggesting that there may not be much room left for the price to rise.
In principle, the market will not move in a straight line, so during this time there is a basis to expect a short-term correction without changing the trend.
The correction will likely be limited by support points from the 0.786% Fibonacci in the short term, and more so the 0.618% level.
However, it must be reiterated that all technical and fundamental conditions are pointing in the same direction of price increase, and the uptrend with the expectation of short-term adjustment and of gold prices will be noticed by high levels. following technique.
Support: 2,645 – 2,624USD
Resistance: 2,672USD
SELL XAUUSD PRICE 2691 - 2689⚡️
↠↠ Stoploss 2694
→Take Profit 1 2684
↨
→Take Profit 2 2679
BUY XAUUSD PRICE 2607 - 2609⚡️
↠↠ Stoploss 2603
→Take Profit 1 2614
↨
→Take Profit 2 2619
Anmerkung
- XAUUSD hits another record high, continuing its upward momentum and approaching the psychological resistance of $2,700/ounce.
- If XAUUSD continues to rise, the price could test the next psychological resistance level at 2,700 USD/ounce.
Anmerkung
The dollar steadied during the European session on Wednesday after falling against most major Asian currencies, such as the Yuan (CNY) or Rupee (INR). The change comes after investors shifted from the United States to investing in Chinese stocks. The move was prompted by a major stimulus plan from the Chinese government rolled out on Tuesday.Anmerkung
World gold prices showed a sluggish rise at the historic peak during the trading session on Wednesday (September 25), when some investors began to realize profits. However, the price of this precious metal continues to be supported by the possibility that the US Federal Reserve (Fed) will continue to sharply reduce interest rates in the next meeting.Anmerkung
Anmerkung
World gold prices fell in the trading session on Friday (September 27) due to pressure from profit-taking activities, but are on track to complete the strongest quarter increase in 8 years thanks to the prospect of lower interest rates globally, especially is the monetary policy pivot in the US.Anmerkung
After many consecutive trading sessions setting new peaks, the world gold market today showed signs of slowing down. However, the overall growth trend is still maintained thanks to strong expectations that the Fed will continue to adjust interest rates down.Anmerkung
Faced with the reality of gold scarcity in the world, experts predict that gold prices have a lot of room to grow in the near future, possibly even reaching 3,000 USD/ounce.
Since the beginning of the third quarter until now, gold prices have increased 14%. This is the highest increase in a quarter since the beginning of 2016 until now. Overall, from the beginning of 2024 until now, gold prices have increased by 29%, marking the highest increase in the past 14 years.
Anmerkung
Gold prices increased to a record level, helping many gold buyers win big. According to Gold Price, people who bought gold and held it for the past 6 months are earning more than 400 USD/ounce. Those who bought gold and held it for the past year are earning about 700 USD/ounce.Anmerkung
However, the problem that many investors and experts are concerned about right now is that the gold price is deep in the overbought zone, clearly shown through the MACD, RSI... Therefore, the possibility of pressure cannot be ruled out. Profit taking will increase again, causing gold prices to suffer another correction next week at the current high price range.
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🧩Consulting on Risk Management
🧩Account management
🧩Forex signals have a high win rate
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