XAUUSD SELL-BUY-SELL PROJECTIONReason For Sell and Buy 1. Bearish Spinning Top In Day Candle and obeyed Resistance 2.Obey Strong Support @ 2350 Overall possible outcomes XAUUSD BUY @ 2350 SL 233O TP 2380 Longby kripsonfx970
GOLD next week Well heres my GOLD idea for next week , We surely see less retrace coming into next week The way this week candle closed , I expect next week to be less of a retracements , however we can see some bearish move Monday and Tuesday / wednesday .....Longby abiseksubedi80
Gold Buy Stop 2313.43Good Morning Everyone, Here is sharing today's setup for GOLD, and it's purely based on the technical trade.Longby lakshmikanthakulaUpdated 221
XAUUSD 29 April - 3 May 2024Let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from 2400 to 2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around 2300. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Data released on Friday showed that the US personal consumption expenditures (PCE) price index rose 0.3% last month, an increase in line with forecasts. Experts say that this increase is unlikely to change expectations that the US Federal Reserve (FED) will continue to maintain tightening policy until September. While data continues to suggest inflation remains “persistent,” gold's reaction suggests the market has priced in this. Looking ahead: The Fed is facing a challenging environment as inflation remains “persistent” and economic activity begins to weaken. Inflation data is released 1 day after first quarter GDP data. This year, the US economy has seen its slowest growth rate in nearly 2 years. Regarding impact news: when faced with a stagflation environment, the US Central Bank will likely ignore rising inflation and focus on supporting the economy. Currently, gold prices are being supported by the net buying trend of gold by central banks and the large physical gold demand of Chinese and Indian consumers, thereby supporting gold. It is expected that next week gold will reach 2400. Next week's standout economic news that could affect gold prices is the Fed's monetary policy decision on Wednesday; US Non-Farm Employment Change report on Friday. Gold prices may rebound if US inflation weakens. Long-term outlook: Gold continues its upward trajectory, with a favorable target of 2500. Short-term outlook: The precious metal has established a new support level, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens. If Gold breaks the 2290 zone we will be looking for sells and look for the levels underneath this zone. I will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it! I wish you a good week, trade with a stop loss and I hope you all get rich! Longby TheDutchGoldTradeHubUpdated 1114
Gold price returns to the race to increase?Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce. This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy, increasing expectations that the Fed will have to loosen monetary policy in the near future. Specifically, after the US monthly employment report did not meet expectations, the latest report on weekly unemployment benefit applications increased higher than expected, which pushed gold prices up more than 1%. , reaching its highest level of the month.by RKarinaUpdated 43
GOLD XAUUSD : OPERTUNITY seenAs you can see , we could get opertunity in Gold for sell side ,if the price break below the level of price i marked ,and we could enter the trade . Risk to Reward :- 1 : 3Shortby Traders-community110
Indecision as Contrasting Events Add to Confusion..2345 Is Going to be the Zone. If Respected Then 2230 Zone or 2265 Zone could be tested in Coming Weeks.. If Broken Then 2395 Zone could be tested in Coming Weeks.. 3 Possible Scenarios Planned Out.. A - Green B - Yellow C - Red In terms of Probability B>C>A This Looks More Likely. Share Your Thoughts in Comments section. by DrAnandMUpdated 121225
🔥GOLD IS IN FOR A STORM NEXT WEEK💲 The trend of gold this week showed an upward trend in the second half of the period, with the weekly closing as a big positive line with some small upper and lower shadow lines. On Friday, we publicly pointed out that short orders were carried out on the 2375-2378 line. As a result, the big negative line once touched 2355, showing a downward trend. Yesterday, gold did not rush higher again in the second half of the night, but reversed downwards, forming a "big positive resistance line" pattern on the weekly chart. This may be a signal of a plunge, suggesting that 2378 is likely to be a stage high. . Although there may still be repeated bullish moves after the big positive line, it will be an excellent short-selling opportunity to test the high again next week. I will choose to play a heavy position, with the lower target pointed at around 2280. Therefore, next week we will continue to focus on high positions, because the rebound of the K line is just for short selling. The four-hour stochastic indicator temporarily shows a dead cross, but due to insufficient time on Friday and the market was suspended over the weekend, whether the evolution of the four-hour chart will turn sideways will not be determined until next week. The rising point is supported at 2330, which is the key support level for the long-short top-bottom transition. The golden four-hour line deviates far from the moving average. I have always believed that the K-line will return to the moving average. This is an established fact. Overnight, the price of gold showed a bearish top pattern, that is, a large negative line entity surrounded by a positive line entity, forming an obvious downward pattern, which can also be regarded as a top signal. The hourly trend gradually formed a small top shape, and the K line continued to bear pressure on the short-period moving average, indicating that there is still room for adjustment in the short-term trend. Therefore, next week we will continue to focus on short opportunities near 2370. On the whole, it is recommended that the short-term operation of gold next Monday is mainly to go short on the rebound, supplemented by the long position on the callback. The resistance range of short-term concern at the top is 2370-2372, and the support range of short-term concern at the bottom is 2330-2332.by JackBlackwell_Analyst2
Xau still bullish in my point of view xau still on its way to rise up to 2411..as fibonacci level 423 H4 my pivot zone is 2348 , if price gow lower than this zone . possible gold countinuew to fall to 2266 daily target by yyusrizal1
Oil in downward channel 77 next ?Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.by rakeshreddymUpdated 6616
CRUDE OIL GANN ANALYSIS 3 HOURS TF 11 MAY 2024...Chart shows the Cause and Effect on the recent fall on Crude Oil futures on MCX... The chart is self explanatory..... First move is the Cause... and Second move is the Effect... Its a minor cause and effect relation... But the relation comes from ATH which is the main reason.... Happy Trading !!!by kbr91219650
🔥GOLD PULLBACK GOES LONG💲 From a technical analysis, the daily chart of gold showed a strong performance Thursday, closing as a big positive line and directly breaking through the middle track of the Bollinger Bands. Under a bullish trend, the market turns from weak to strong. The next step of focus will be the high point of the daily Bollinger Band track, which is expected to be located in the 2388-2390 area. On the 4-hour chart, the unilateral trend is obvious, especially after Thursday's rise, the upper limit of the Bollinger Band has been stretched, forming a clear unilateral trend. The market has now exceeded the previous high of 2370. Given the clear market direction, blind chasing of bulls should be avoided during the European trading session. The lower support is located near the Bollinger Band upper track 2337 and the unilateral moving average support 2332. Therefore, traders can consider looking for pullback opportunities near 2370 and wait for the adjustment to end before considering long operations. It is worth noting that if the price unexpectedly falls below 2330 today, it may enter a state of shock again. Yesterday's analysis has predicted that the volatile market is coming to an end, and gold's performance last night confirmed this. The price easily broke through the key position of 2332, which means that the previous volatile market has come to an end and the bulls have begun to regain control of the market. The daily line closed out the big positive line, swallowing up many previous K-line patterns, and all indicators turned upward. Today's focus is first on 2332, which was previously the upper edge pressure of the shock range and has now turned into support; secondly, 2337 is the support level in the hourly pattern. Comprehensive analysis, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The upper resistance level focuses on the 2376-2378 range, and the lower support level focuses on the 2332-2337 range.by JackBlackwell_AnalystUpdated 16
Gold 🪙Gold could climb to 2687 within or on ( 16th Sep 2024 ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.Longby KilopapaUpdated 1
US OIL TARGET ACHIEVED 🫶As i shared this idea as early as possible . Hope my followrs have made huge profit with 1:3 risk to reward ratio. Do Follow for more updates . Make money together ❤️. Shortby Traders-community0
gold looking for shortas per price action we can see a nice selling in gold untill asia session low......Shortby TheMoneyOcean0
Gold price today: Gaining momentum again!Golden information: According to the weekly report from the US Department of Labor, the number of first-time applications for unemployment benefits in this country has increased to the highest level since August last year. In the week ending May 4, the number of people applying for unemployment benefits for the first time in the US increased by 20,000 people compared to the previous week, an increase that exceeded expectations, to 231,000 people. The data raises expectations that the Fed will begin cutting interest rates at some point this year. Gold is a non-interest-bearing asset, so the strength of gold prices is often reinforced when the prospect of the Fed cutting interest rates increases. In addition, gold price this session is also supported by the decrease in USD exchange rate and US Treasury bond yields. After the US jobs report, the Dollar Index measuring the strength of the USD decreased by about 0.3%, to more than 105.2 points. Gold is priced in USD, so USD depreciation is a beneficial factor for gold prices.by RKarinaUpdated 11
US OIL: DOWNTREND We can see downtrend and could capture big move if price break below the trend line . Shortby Traders-community1
Trend analysis and levels for gold by happening Market Trend analysis and levels for gold by happening Market Longby DkRayakTV2
Bullish - COPPERCopper seems to be breaking out of a continuing Triangle Pattern , Let's observe how it goes.Longby naveen_kumar_PSUpdated 2
Natural Gas MCX Future Intraday Level for 10 May, 2024📊 NG MCX Future Technical Chart Analysis 🎯 Range Point: 191.10 🎯 Day Range: 12.90 📉 Buy Above: 188.27 📉 Average At: 186.75 🎯 Buy Target 1: 199.07 🎯 Buy Target 2: 204.00 🛑 Buyer Stoploss: 183.97 📉 Sale Below: 185.23 🎯 Sale Target 1: 183.13 🎯 Sale Target 2: 189.53 🛑 Seller Stoploss: 189.53 Don't forget to reciprocate your love by boosting, following and responding, your actions fuel my efforts to do even better for you! #NG #NaturalGas #GasPrices #NatGas #EnergyTrading #MCX #CommoditiesFutures #CommoditiesOptions by NumroTrader4
🔥GOLD TRADING STRATEGIES💲Gold has been going back and forth recently, with short-term gains reaching a high of 2321 and then falling rapidly. Its trend is still unable to escape the shock pattern, and it is expected to continue to maintain this trend pattern today!. On the daily chart, gold prices continue to fluctuate, with the current price range roughly fluctuating between 2280 and 2330. In the 4-hour trend, the short-term moving average remains basically stable, indicating that the short-term trend may continue to remain volatile. Currently, the short-term price range is constrained by a narrow range from 2306 to 2320. The 30-minute moving average shows that the short trend continues, indicating that downward pressure is still there. The price of gold is restricted by the downward trend line, and the rise is blocked, or even falls directly. The current trend line resistance is near 2318, so during the European trading period, the rebound may be limited by the trend line, and it is recommended to continue to be bearish. On the whole, today's short-term operation of gold recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2318-2320 resistance range, and the bottom short-term focus is on the 2300-2290 support range. Gold Trading Strategies Reference 🎯Strategy 1: Go short when gold rebounds to around 2318-2320, stop loss 6 points, target around 2310-2300, break the position and look at the 2290 line✅ 🎯Strategy 2: Go long when gold pulls back to around 2290-2293, stop loss by 6 points, target around 2300-2310, and look at the 2320 line if the position is broken✅by JackBlackwell_AnalystUpdated 8
GOLD SHOWING A GOOD CLEARCUT UPMOVE In this chat you can see the trendline The prise crossed the trendline lable Its mean the prise breaked the trendline And its also itts breaked the rectangle small zone It will take time to break fully But.. After full breakout a good fall momentum will shown in gold So keep in your mind This can break Stay connected with gold Watch in lower timeframe After a good confermation just enterLongby tradergyan01Updated 4
XAUUSD - Shocking price increaseEveryone, let's find out what's new in the gold market today! Yesterday, gold saw a significant breakthrough, as the metal rose from around $2300 USD to as high as $2350 USD at the moment, completely shedding previous bearish sentiment. The weakening of the USD has strongly supported the upward trend in the price of this precious metal. In addition, gold prices rose even higher "after a number of major central banks decided to cut interest rates or signaled their willingness to cut interest rates further in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-yielding asset, making it a more attractive investment. Looking at the chart analysis: Gold is approaching the resistance area as marked. On the upside: If it succeeds in maintaining this trend and successfully closes above resistance, XAUUSD will open up a profitable opportunity to quickly move towards $2400 USD. On the other hand, if a pullback to correct the trend occurs, XAUUSD will retest the breakout zone at $2330 USD once again, but the uptrend will still be maintained as the 34 EMA is reversing and signaling positivity for buyers.Longby RKarinaUpdated 27