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Goldprediction

Gold Today - Step by Step RecoveryGold prices steadied after a slight overnight gain on Wednesday as investors worried ahead of the Federal Reserve's June meeting minutes, while copper fell amid concerns over the US trade war. - New Middle. The yellow metal has enjoyed a small rally over the past three sessions, after plummeting below the $1,900 support last week. Fear of US interest rate hike is the biggest source of pressure on gold prices. BUY GOLD zone at : $1913 - $1910 - $ SL $1900 (It is best to carefully review the FOMC news before entering the order) BUY stop GOLD at : $1932 - SL $1923 (Make sure the candle will close above this price zone) Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
TVC:GOLDLong
by DNA_TradingFX
20
Gold price at the end of June is at the lowest level in the pastThe XAU/USD pair is facing downward pressure due to the modest strength of the US Dollar. Federal Reserve Chair Jerome Powell has indicated that two rate increases may occur this year, including the possibility of one at the upcoming policy meeting. Powell also stated that inflation is unlikely to reach the Fed's 2% target until 2025. These factors have contributed to the US Dollar remaining strong, which has put additional pressure on the price of Gold. However, concerns about the negative impact of rising borrowing costs on the economy may prevent traders from making significant bearish bets on the safe-haven precious metal. This could help limit further losses, at least for now. Gold Price Prediction: XAU/USD remains stable above $1,900, US PCE Price Index anticipated to provide new momentum. Set up SELL GOLD zone at: $1920 - $1923, sl 1933 Based on the Fibonaccy technical analysis line, the strong resistance is at the $1920-$1923 zone and sell
OANDA:XAUUSDShort
by DNA_TradingFX
14
GOLD 29/6 $$ Gold's power is limited by the dollarThe XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target until 2025. As a result, the US Dollar remains strong, reaching a two-week high, which in turn puts pressure on the price of Gold. However, concerns about economic headwinds caused by rapidly increasing borrowing costs could prevent traders from taking aggressive bearish positions on the safe-haven precious metal. This could help limit any further losses, at least for now. Today, gold price still tends to recover slightly, but still can't go up and down is still the main thing Set up BUY GOLD zone $1900 -$1903 Based on technical analysis indicators EMA 34, EMA 89 , strong support zone $1900
TVC:GOLDLong
by DNA_TradingFX
11
GOLD 26/6 $$ The bears are still dominant ?Friday’s rebound in gold prices came on the back of diminishing open interest and suggests that the continuation of the rebound appears unlikely for the time being. In the meantime, the yellow metal remains bolstered by the $1910 per troy ounce for the time being. Today, Gold price still stays at $1920 - $1930 Can SELL zone at SELL GOLD $1931- $1934, Sl 1944 According to technical analysis, the support zone $1910 support is quite strong, combine 2 moving averages EMA 34, EMA 89 so that the downtrend project still prevails.
TVC:GOLDShort
by DNA_TradingFX
17
Powell hints at 2 more hikes, sends gold lower Powell hints at 2 more hikes, sends gold lower The US dollar rose on Wednesday after the gathering of central bank leaders worldwide, which included Federal Reserve Chair Jerome Powell. During the meeting, Powell left open the possibility of the Federal Reserve implementing two more rate hikes this year. Furthermore, Powell stated that he does not anticipate inflation reaching the Federal Reserve's target of 2% until the year 2025. However, investors might be hanging onto the words of Powell a little too tightly considering his central bank counterparts in the ECB and BoE presented more hawkish remarks (natural for the stickiness of inflation that these regions are facing). Christine Lagarde emphasized that the European Central Bank (ECB) remains unconvinced by the available evidence inflation is falling in the Euro Area. A revision by investors might be in order. With the rise in the USD, we are also seeing selling pressure in the XAU/USD for a third straight day. Currently, gold is hovering around $1,909 and maintaining a bearish outlook, with the potential to breach the $1,900 level. The daily chart reveals that the precious metal has dropped further below both the 20 and 100 Simple Moving Averages, which are currently converging at $1,943. Among the current levels, $1,875 perhaps stands out as the most significant support level. Despite previously acting as a resistance point, it has served as a pivot on multiple occasions.
BLACKBULL:XAUUSD
by BlackBull_Markets
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
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
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
Gold or XAUUSD analysis Gold or XAUUSD analysis Symbol: Gold or XAUUSD Time frame: 4 hours Analysis: Presently we can observe divergence, SO, we can expect downtrend movement up to 1870 but in case if the price crosses above the parallel channel with high volume and in MACD, if the price crosses above zero, then, we can expect target up to 1230. HOPE our analysis is adding value to your Trading Journey. NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. NOTE: RESPECT The risk. SL should not be more than 2% of the capital. Happy Trading
OANDA:XAUUSD
by TanujaK