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Goldtradeidea

GOLD long setup (check the description)we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like wick this level to sweep the liquidity and stop loss of remaining buyers there after 58090 - 57970 would be the non mitigated old order block where there will be order and we can new buying from this level 57650 to 57875 will be last demand zone for gold where it will be value zone for buyers
MCX:GOLD1!Long
by Jimmy_Rebello
06/06 - Gold upGold prices at the beginning of the trading week increased as the US dollar weakened, resulting in a decrease in the US Dollar Index. This made gold more appealing to buyers who use other currencies. Gold has bounced back strongly from the support level of $1,950/ounce due to disappointing economic data. The May Purchasing Managers' Index (PMI) for the US service sector fell significantly below expectations. Business activity and new order indices have also decreased. Bullish gold speculators are being backed by the 50-period Exponential Moving Average (EMA) at $1,959.38, and the Relative Strength Index (RSI) is fluctuating between 40.00-60.00. I will consider buying gold around 1951-1954, this area will test again
OANDA:XAUUSDLong
by SupperTrading-FX
2
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