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Goldlong

Do you think gold will rise today?The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that US interest rates will remain high this year, limiting the potential for significant gains in metal prices. Despite this, it is possible that the value of gold will increase later in the year as the US economy weakens. In general, in the short term, Gold can still maintain its upward momentum, if the 1950-1940 price zone can still hold the bears. Then it's not a difficult thing to crawl back to 1975 or even 1985
TVC:GOLDLong
by DNA_TradingFX
3
NFP report: How Will it Shape the Gold Trend?NFP report: How Will it Shape the Gold Trend? Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be released this Friday (US time). Any unexpected outcomes could lead to heightened volatility in rate-sensitive assets such as gold. Market projections indicate that the upcoming nonfarm payrolls report for May will show a slowdown in job additions to the economy, with 190,000 jobs compared to the 253,000 jobs added in April. Interestingly, the forecast for the previous month was also around 190,000 jobs. The nonfarm payroll data serves as the final key indicator ahead of the release of inflation data on June 14 and the concurrent interest rate decision from the Federal Reserve. Market sentiment currently suggests a 60% probability of a 25 basis-point interest rate hike during the Federal Reserve's upcoming June meeting, compared to a 26% chance observed a week earlier. If implemented, this would mark the central bank's 11th consecutive rate increase. Gold was trading around $1,932, reaching its lowest level since March 17 before its incline began on Tuesday. While Thursday was a positive day for the metal, it still retraced about half of its gains on the day and now trades at approximately $1,960. It peaked at $1,974, which is the most immediate resistance level but without much historical precedence. Considering the NFP is still two days away, this level might become irrelevant. $1,985 is a level with more medium-term precedence but will have to wait until closer to the release of the data to tell if this level is something that needs to be watched. If gold turns to the downside, it might pay to keep an eye on $1,938 as a support level.
BLACKBULL:XAUUSD
by BlackBull_Markets
EURUSD IDEAEURUSD IS IN DOWN TREND THESE DAYS, THE PMI'S MAY BE BLOC OUT FOR THE BEARISH OR BULLISH TURN. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
by CELGIB_TRADING
gold today Possibility longDear Trader Gold today's Possibility is long never mind one sl hit you don't change your strategy. Gold can give you big returns always use trailing stop losses. best of luck. and others put cost to cost. The orange line is 1/2/3/4 tp target for exm:- in total, you take 4(1+1+1+1) trade if 1 target one achieves 50%(2) book profit and then puts other the cost to cost then 2nd tp achieves 25%(1) book profit And the rest 25% (1)use trailing sl.
OANDA:XAUUSDLong
by uniquemailus123
GOLD Possible Elliott wave countsHere we had shared possible Elliot wave counts of GOLD chart in which weekly, daily, 4 hourly and hourly all these time frames counts are aligned with each others. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
GLong
by RK_Chaarts
Preparing for the Worst: Trading Ahead of a US Debt Default"It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action. While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the moves from these investors will be forex and gold. If uncertainties about an unprecedented potential U.S. debt default persist, the US dollar might lose some of its safe haven status which would possibly shift to gold. US President Joe Biden plans to meet with House Democratic leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Republican leader Mitch McConnell on May 9. This will be a key date to watch the US dollar and gold in case the group come to some kind of agreement to increase the debt ceiling. With the US being the bedrock of the whole world’s financial system, we might also expect to see investors' jitters manifest in offshore-based assets too. Other safe havens such as the Japanese yen, the Swiss franc, and particularly the euro might be prime candidates for inflows.
by BlackBull_Markets
XAUUSD (Gold) Latest Analysis LONG or Short . Find out Gold latest move in 1 hr time frame may breakout from symmetrical triangle and reach to 2005- 2012 📈 range before falling down . But if broken previous week high at 2015 may lead to test resistance at 2020. If not broken symmetrical triangle can lead to 1950-1960 📉 support range and will also broke the daily bear flag which will give the confirmation for further down levels . Enjoy trading Be cautious of sudden moves and stop loss hunt.🥇
OANDA:XAUUSDLong
by Johnwick_forex
XAUUSD (Gold ) Analysis for next week 17 April - 21 AprilWe can see the gold the retesting the yesterday high's again , it may be just a bull trap before dropping to test the HKEX:2000 on the daily bear flag or dropping below that can swing the reversal to supports at TSE:1980 and then $1950. It can form the M here or if it broken can test ath of TSE:2070 which is much less likely as it may go to test TADAWUL:2100 psychological levels . If you see rejection here around TADAWUL:2050 - TSE:2055 , then definitely it may retest at HKEX:2007 or HKEX:2000 today . Trade accordingly
OANDA:XAUUSD
by Johnwick_forex