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19th JUNE GOLD PREDICTIONGiven the current market context where gold prices are influenced by China's buying patterns, and a forecasted decline in gold prices, the strategy will remain focused on selling within the specified zones. We will incorporate two sell zones with a unified stop loss point above both zones. Sell Zone 1 Entry Point: 2336 - 2341 Sell Zone 2 Entry Point: 2348 - 2354 Risk Management Calculate position size based on your risk tolerance and account size. Use a maximum of 1-2% of your trading capital for each trade. Monitor market conditions closely and adjust the strategy as needed.
OANDA:XAUUSDShort
by TradingGuruTop
1
17th JUNE GOLD PREDICTIONIntroduction: This analysis focuses on a sell trade for gold, targeting the sell zone between 2336 and 2341. Our objective is to establish a trading plan with a risk-reward ratio of 1:1.5, ensuring disciplined and strategic trading decisions. Traders can enter a sell position anywhere within this zone. Trade Setup: We have identified a sell zone between 2336 and 2341. Traders are advised to enter a sell position at any point within this range, providing flexibility and allowing for market dynamics. Sell Zone: 2336-2341 Risk Management: Effective risk management is crucial for any successful trade. In this setup, we place our stop loss slightly above the upper limit of the sell zone to protect against adverse price movements. By setting the stop loss at 2343, we limit our risk regardless of the entry point within the zone.
OANDA:XAUUSDShort
by TradingGuruTop
11th JUNE GOLD PREDICTIONTo analyze the gold price scenario as described, with a focus on selling in the zone of 2325-2332 and a stop loss (SL) placed 5 points above this zone, it's important to consider several factors that influence gold prices, such as market trends, economic indicators, and geopolitical events. Here's a structured analysis: Current Market Trends Price Movement: As of your stated range (2325-2332), it seems you are looking at a relatively high point in recent price movements. It's crucial to examine the short-term and long-term trends to understand if the current price is at a peak or if it has potential to climb higher. Volatility: The specified narrow selling zone and tight stop loss suggest that the market is possibly experiencing low to moderate volatility. However, it's essential to monitor volatility indices or historical price fluctuations to confirm this. Technical Analysis Resistance and Support Levels: The specified selling zone (2325-2332) should be assessed to determine if it aligns with key resistance levels identified through historical price analysis.
OANDA:XAUUSDShort
by TradingGuruTop
Gold price waiting for news tonight will increase sharply!Gold held at $2,370 per ounce on Friday, hovering at two-week highs, as investors await the US non-farm payrolls data due later in the day to assess the country’s economy’s health and seek cues on the Federal Reserve’s potential rate-cut timeline. The bullion is also set for its first weekly gain in three, as recent slew of labor market data bolstered expectations that the Fed might at least slash rates twice this year. 🔴SELL GOLD: 2399 - 2401, SL: 2405 🟢BUY GOLD: 2352 - 2350, SL: 2346 🔝Technical analysis: Yesterday, gold returned to test support + Trend H4 as expected and continued to increase strongly to the Sell area 2378-2380, in response falling another 10 prices. Currently, the price range of 2380-2355 seems to be kept until Nonfarm tonight ⛔️Breakout: 📈 Breakout on: 2380 - 2400 - 2414 📉 Breakout below: 2350 🔼Support: 2351 - 2345 - 2340 - 2330 🔽Resistance: 2390 - 2400 - 2405 - 2414 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
31ST MAY GOLD ANALYSISTo analyze the gold price scenario where it corrects before rising to target levels of $2,357 to $2,362, where a selling strategy could be implemented with a stop-loss (SL) of 5 points below the entry price, we need to consider several factors that influence gold prices. This includes technical analysis and market sentiments. Technical Analysis Trend Analysis: If gold prices are trending upwards, the correction might be a retracement in a larger bullish trend. Tools like Fibonacci retracement levels can help identify potential support levels during corrections. Resistance Levels: The specified target prices ($2,357 to $2,362) must be analyzed within the context of historical resistance levels. If these prices have previously acted as resistance, they may do so again. Volume and Momentum: Volume during the rise should be observed; increasing volume can confirm the strength behind the upward movement. Momentum indicators like the Relative Strength Index (RSI) or the MACD can provide insights into whether the gold price is overbought or oversold during these phases. Moving Averages: Using moving averages (like the 50-day or 200-day) can help smooth out price data to identify the general direction of the market trend and potential reversal points. Market Sentiments Geopolitical Events: Events like economic sanctions, elections, or military conflicts can affect market sentiment and influence gold prices. Economic Data: Releases such as inflation reports, employment data, and GDP growth can impact investor behavior towards safe-haven assets like gold. Central Bank Actions: Decisions on interest rates or comments from central bank officials can lead to market movements. Strategy Implementation Entry Point: Determining the entry point during the correction phase is crucial. It should ideally be at a significant support level where the price is expected to rebound. Stop-Loss (SL): Placing the SL at a price 5 points below the entry level is a risk management technique to minimize potential losses should the market move against your position. Take Profit (TP): Setting the selling point at $2,357 to $2,362 based on prior resistance levels allows for profit realization before potential pullbacks. Risk Management Risk/Reward Ratio: Ensure that the potential reward justifies the risk being taken. A common approach is to aim for a risk/reward ratio of at least 1:2. Position Sizing: Calculate the appropriate position size based on how much of your total capital you are willing to risk on a single trade. Conclusion Implementing this strategy requires monitoring the market closely for signs that support the hypothesis of a correction followed by a rise. Always be prepared to adjust the strategy based on new market data and economic indicators.
OANDA:XAUUSDShort
by TradingGuruTop
23rd May Analysis of Gold Price Overview On May 22nd, the price of gold experienced a notable decline, falling from $2415 to $2375. This sharp movement could be attributed to various market factors, including economic data releases, changes in investor sentiment, or geopolitical events. As we look at the price action on May 23rd, gold is anticipated to retest the $2397-$2400 zone. However, there is a prediction that it may fail to establish a head and shoulders pattern, indicating potential future movements. Technical Analysis Price Decline on May 22nd: Support and Resistance Levels: The sharp decline from $2415 to $2375 suggests that there was a strong resistance at the $2415 level, which sellers capitalized on, pushing the price down to $2375, a significant support level. Volume and Momentum: It's crucial to analyze the trading volume during this decline. High volume on the way down indicates strong selling pressure, which might suggest a continuation of the downtrend if the buyers do not step in. Retest of $2397-$2400 Zone: Importance of the Zone: The $2397-$2400 zone is a critical area. If gold manages to break above this zone, it could signal a potential reversal or continuation of the uptrend. Conversely, if it fails to break through, it might indicate that the downtrend will persist. Indicators to Watch: Pay attention to key technical indicators such as the Relative Strength Index (RSI), Moving Averages, and the Moving Average Convergence Divergence (MACD). These will provide insights into the strength and momentum of the price movement. Head and Shoulders Pattern: Pattern Characteristics: The head and shoulders pattern is a classic reversal pattern that signals a potential change in trend direction. A successful pattern consists of a peak (head) between two lower peaks (shoulders) and a neckline that connects the lows. Prediction of Failure: If the price fails to break above the $2397-$2400 zone and does not complete the head and shoulders pattern, it could indicate that the bears are still in control. This failure might lead to further declines, potentially testing lower support levels such as $2350 or $2300. Conclusion The price action on May 23rd is crucial for understanding the future direction of gold. The retest of the $2397-$2400 zone will be a significant indicator of whether gold can regain its upward momentum or continue its recent downtrend. Traders should closely monitor the price action, volume, and technical indicators to make informed decisions. A failure to break through the critical zone and establish a head and shoulders pattern could signal further bearishness in the gold market.
OANDA:XAUUSDShort
by TradingGuruTop
GOLD ON 17TH MAY 2024Current Market Situation Gold prices have been experiencing a bullish trend, recently approaching the resistance zone of 2397-2400. This movement is significant as it indicates a potential test of this critical resistance level. Scenario 1: Immediate Upward Movement In the first scenario, gold continues its upward trajectory and tests the 2397-2400 resistance zone. This scenario is plausible due to several factors: Global Economic Uncertainty: Ongoing economic uncertainties, including inflation concerns, geopolitical tensions, and fluctuating interest rates, often drive investors towards safe-haven assets like gold. Weakening Dollar: A weaker US dollar makes gold cheaper for investors holding other currencies, thus increasing demand and pushing prices higher. Technical Indicators: Technical analysis may show bullish signals such as rising moving averages or positive momentum indicators, supporting the case for an immediate test of the resistance zone. If gold successfully breaches the 2397-2400 resistance, it could signal a continuation of the bullish trend, potentially leading to new highs. Scenario 2: Retracement to 2370 Before Rising In the second scenario, gold experiences a retracement to 2370 before resuming its upward movement. This scenario can occur due to the following reasons: Profit-Taking: After a significant rise, investors may take profits, causing a temporary pullback in prices. Technical Resistance: The 2397-2400 zone may act as a strong resistance, leading to a short-term correction as the market digests recent gains. Market Sentiment: Changes in market sentiment, such as positive economic data or policy shifts, could cause a brief decline in gold prices. If gold finds support at 2370 and holds, it would likely attract buyers looking for an entry point, leading to a rebound and another attempt to test the 2397-2400 resistance zone. Strategic Implications For traders and investors, both scenarios offer potential opportunities: Scenario 1: A break above 2397-2400 could be seen as a buying signal, with potential for further gains. Scenario 2: A pullback to 2370 could be an opportunity to buy at a lower level, anticipating a rebound. Risk management is crucial in both scenarios, with stop-loss orders and position sizing helping to mitigate potential losses. Conclusion Gold's price movement is influenced by a complex interplay of economic factors, technical indicators, and market sentiment. Monitoring these elements closely will be essential for making informed trading decisions. Whether gold continues to rise immediately or retraces to 2370 before moving up, both scenarios present potential trading opportunities in the current market environment.
OANDA:XAUUSDLong
by TradingGuruTop
XAUUSD SHORTFirst up all Thank you to everyone.., now i fully completed SMC course with successful strategy... We done a back test on that almost97% SUCCESS RATE... Upcoming analysis based on that... In GOLD we got weekly BUY CHOCH @01dec2023 (in Daily we got buy BOS) And we got a HEAD AND SHOULDER formation @28dec2023(Daily) 1st buy correction 4H- sell CHOCH @17jan2024 2nd 4H-sell BOS @13feb2024 now the market @ 50% fibo of weekly of that sub-swing In here we got 2 entry 2029(flip entry) 2031-2035 is the main sell entry We took this entry bcz of our strategy works here.. IF THIS CROSS 2044 Next strong zone will be 2054(Flip entry)-2064(main entry) i think it will RED ROSE soon bcz 2044.5 is the H&S -trendline retracement so this 2029-2032-2035 entry will be more strong one for sell Targets based H&S (head top to neckline) 1st target 1986 2nd 38% target 1975 3rd 50% target 1950 4th 100% target 1860 BECARE FUL DAILY sell CHOCH will be 1973 if cross and close down then only sell trend will be confirm in daily
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
XAUUSD_ Analysis August 28, GOLD has vitality again⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that the Fed will proceed "with caution" when deciding on its next policy move. ⚡️Powell's message on Friday was in line with mixed signals from other Fed officials in the run-up to the meeting. Philadelphia Fed President Patrick Harker told CNBC he doubted the central bank would need to raise rates again, but also said he wasn't ready to predict when rate cuts might begin. Boston Fed President Susan Collins said on Yahoo Finance's video channel that interest rates could be near or at their peak, "but could certainly increase further." ⚡️Plan: BUY XAUUSD price 1907-1909. SL 1903. TP 1915, 1920
OANDA:XAUUSDLong
by Mars_Hunter
4
OLD, an technical insight for the coming week 21.08.2023Gold Analysis for the Upcoming Week on MCX, India Date: 20th August 2023, 18:03 hours Technical Overview: Recent Performance: From 8th May to today's date, gold prices have witnessed a significant decline of approximately 5.49%. Moving Averages: The gold price has recently breached the 50-day moving average, which stands at 58,980. The 200-day moving average looms at 57,586. The cross below the 50-day indicates a bearish momentum in the short term. Potential Move: If gold price approaches the 200-day moving average of 57,586, there's potential for further downside towards 56,048. Oscillators: The asset is currently in an oversold condition, which can sometimes indicate a potential rebound. The optimistic signals stand at D: 6.54 and K: 3.21. MACD: The Moving Average Convergence Divergence (MACD) is still hinting at a bearish scenario, suggesting continued negative momentum. Fisher & Percentage R: Both indicators are positioned at the lower end, hinting at a potential bearish continuation. Fibonacci Levels: Post touching a low at the Fibonacci level of 57,653, gold made an upward move and attempted to break above the 0.5 Fibonacci level at 59,751 twice between July and August. However, it failed to sustain this and reversed its direction, breaking past the 0.382 and 0.236 levels. Current trajectory points towards a retest of the 57,653 level. Target Price for the Week: Considering the above technical factors and absence of any significant strategic updates from the Federal Reserve regarding interest rates, our projected target price for gold in the near term stands at 57,612. Disclaimer: This analysis does not provide any specific trading or investment recommendation. It is essential to note that the movements in gold prices can be significantly influenced by various macroeconomic factors and announcements from the Federal Reserve. Always consult with a financial advisor before making any investment decision. Disclosure: We do not have any vested interest in the gold market We may or may or maynot be having positions in the gold. This analysis is purely based on technical indicators and past market data.
MCX:GOLD1!Short
by finogent
GOLD - Quickly catch the rebound of goldThis morning's gold price continued to increase by 16.7 USD compared to yesterday's closing level to 1,936.5 USD/ounce, the gold price reached its highest level in three weeks. The US Employment Turnover (JOLTS) report and consumer confidence index were much lower than expected, spurring fresh buying demand for the precious metal. Gold prices continue to maintain a solid recovery but there is still a potential risk that it will be lower in the near future because this week there is still a lot of economic news that strongly affects Gold prices.
TVC:GOLDLong
by Mars_Hunter
2
GOLD - Scalping StrategyGold prices slightly extended its gains and successfully continued a third day of gains. TVC:GOLD hovers around $1,900/oz during the Asian session on Wednesday, showing signs of recovery from four consecutive weeks of losses despite a firmer US Dollar (USD). However, a stronger recovery is unlikely at the moment. After days of continuous decline, gold finally showed signs of changing the trend. At first, we can look at the problem as follows: 1. Economic data in the US is showing signs of getting better 2. Inflation may not reach the target of the Fed, but it can also be called cooled down 3. The economic data is giving clearer evidence of the US economic scenario will have a soft landing if the FED is ready to QE after this period. => From the above points, I think that Gold is still in a downtrend, and this rally may not be as strong as expected. You can set up sell order at price zone 1905-1907 SL 1913 TP 1900,1895
TVC:GOLDShort
by Mars_Hunter
1
Inflation Cools, Gold Heats Up Inflation Cools, Gold Heats Up In June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021. The implication of this deceleration is that it could prompt the Federal Reserve to scale back its plans for interest rate hikes. With inflation showing signs of cooling, the central bank may now be inclined to raise rates only once more throughout the remainder of the year. In the wake of the inflation report gold prices shot up, soaring by more than 1.3%. The metal breached the $1,940 resistance level but fell just short of clearing the $1,960 overhead barrier. If further upward momentum materializes, it could pave the way for a potential retest of $1,975 and $1,980. At the same time, the US dollar faced a steep decline, sinking to its lowest point in over 14 months. Against the Swiss franc, it tumbled to depths not witnessed since early 2015, settling at 0.8673 francs, down 1.4%. Earlier in the session, it even touched 0.8660, marking its weakest position since the Swiss National Bank abandoned the Swiss currency peg back in January 2015. Against the Japanese yen, the dollar hits a six-week low of 138.47 yen, witnessing a 1.4% decline. Additionally, the US dollar weakens by more than 1.5% against the New Zealand and Australian dollars. Conversely, the euro surges to its highest level since March last year, reaching $1.1125. The Euro trades up 1.2% at $1.113.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD LONG IDEAGOLD ANALYSIS: GOLD has been one of the most considered safe havens against the fall of the USD. Most investors turned to consider GOLD as a safe haven due to the following factors: The CORE PCE fall as expected on Friday where which indicates that FED will not put more effort into tightening since the stubborn inflation is coming close to the target. FED may pause rate hikes this year (2023) because inflation is on hand and coming closer to the target which is 2%. Technically and for the longer term GOLD is bearish however the current bullish waves gave room for us to closely look at important zones where we have 1893. The price has bounced from the area level now 1893 and 1911.722 because traders found the area as 61.8 Retracement of the current high around 1922.689, hence there may be a correction from this level back to 1904.293 which will definitely be our entry zone. Technically GOLD turns bullish for the short term where an inverted H&S formed and its neckline was broken above, our entry for the broken neckline of inverted H&S will exactly be the same level of 61.8 Retracement level of the current high which is 1904.770.
OANDA:XAUUSDLong
by CELGIB_TRADING
1
XAUUSD 28/06: Where does Gold go after Fed Speaks?OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging. Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday. The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain. So, the nearest support is at $1,908, a breakout of which will open exchanges towards $1,900. Going further, $1,886 will be the limit for Gold buyers (March 15 low). On the other hand, a strong resistance is seen near the $1930 area, above which $1944. The next relevant upside target is seen at the psychological $1950 level. You might consider Selling gold around 1943 – 1940 And my goal will be 1933 – 1920 You might consider Buying gold around 1902 – 1905 And my goal will be 1908 – 1922 Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
OANDA:XAUUSDShort
by SupperTrading-FX
11