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
Xauusdanalysis
GOLD MONTH TIME FRAMEAll time Low @20.540
All time High @2075.282 03Aug2020 in Black color.
There's a pullback on 07March2022 in Red color.
We can see here a Extrem POI on XAUUSD @438.184 - 410.486 is not mitigate yet but sooner or later price will come down to mitigate. I have marked five POI the last POI is @1226.477 - 1161.197 on 01Aug2018
01Sep1999 we saw a Bull Run {Bullmarket} till 01Sep2011 @1921.070 we thought that's a all time high @1921.070 because price started to drop. And price drop! till 01Dec2015
On 03Aug2020 Gold created new high @2075.282 and that's a all time HIGH again price come down to pushup to create new high but markets fuel tank get low and there we get a Rejection price failed to touch the all time high on 07March2022
Another Rejection on 07May2023
I THINK SOON WE CAN SEE A NEW HIGH ON GOLD.
If.... price cross @1618.025 this level then we can see a mitigation @1226.477
GOLD WEEKLY TIME FRAMEI Have Marked five POI on weekly TF to take entries on BUY side. So you can see my last POI @1859.207 - 1802.859 that's POI for LONG.
We can see a Rejection on 04May2023 @2067 price was not able to touch previous Rejection level @2070.630
Now Price is coming to mitigate @1859.207 that POI is for LONG position.
After mitigation we can see a new High on XAUUSD
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
GOLD 29/6 ? Gold has collapsed below $1900Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline.
The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility of further interest rate hikes. ECB President Christine Lagarde recently commented that inflation in the Eurozone is entering a new phase that could persist for some time. Lagarde also mentioned that the central bank is unlikely to confidently say that peak rates have been reached in the near future. BoE Governor Andrew Bailey, speaking at the ECB conference, suggested that interest rates could remain at their peak levels for a longer period than what traders currently anticipate.
Gold price today is approaching the price range $1900-$1903
BUY zone at: $1900 - $1903
Based on technical analysis indicators EMA 34, EMA 89 , strong support zone 1900
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.
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.
GOLD 27/6 ? Bulls or bears prevail Investors will be closely watching the upcoming speeches by top central bank officials, including Christine Lagarde, Andrew Bailey, Jerome Powell, and Kazuo Ueda. These speeches will provide valuable insights for investors. Additionally, on Tuesday, important US economic indicators such as Durable Goods Orders, the Consumer Confidence Index, New Home Sales, and the Richmond Manufacturing Index will be released. These indicators will likely impact the price of gold. Despite concerns about a potential recession, the downside for gold prices seems limited due to its status as a safe-haven asset.
Today, Gold price is still around the $1925 mark, showing signs of moving towards the $1935 price zone
Set up SELL zone at :$1933 -$1935 sl 1945
Based on the technical analysis indicator resistance zone at $1935, combining 2 moving averages EMA 34 and EMA 89
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.
GOLD 27/6!! The bulls are still trying to hold the price around Gold price struggles to make any significant progress on Tuesday and trades within a narrow range, just above the $1,920 level during the Asian session. The XAU/USD pair remains close to a three-month low reached last Friday and could potentially drop below the 100-day Simple Moving Average (SMA).
The upside for Gold price is limited by the hawkish stance of major central banks. The initial market reaction to the failed mutiny in Russia over the weekend was short-lived due to the strong stance taken by these central banks. It is important to note that the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) surprised the market by raising interest rates by 25 basis points earlier this month. Additionally, the European Central Bank (ECB) raised rates to the highest level in 22 years last week. Furthermore, the Bank of England (BoE), the Swiss National Bank (SNB), and Norges Bank increased their benchmark interest rates last Thursday.
Gold price prediction today is still sideways around $1910 - $1950, the downtrend still prevails
SELL GOLD zone at: $1940 - $1943 SL $1953
Based on technical analysis indicators EMA 34, EMA 89 with strong resistance zone $1940 - $1943
Gold to take downside Rally for Short Term with Channel RangeGOLD Trading In The Channel Range.
Taking Upside Resistance in the channel range trendline and moving downside.
BREAKING BELOW THE CHANNEL RANGE WILL IMPACT MORE DOWNSIDE FALL AND LEVELS GIVEN IN THE CHART.
{VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
xauusd idea shortso in the chart we can see that market is now going to bullish , overall market is in sell chances are also in sell after news but in the mean time we can say that the market do some bullish moves then go to down side i have marked the levels ,after touching these levels possibilty is in sell , it's just an idea of mine and overview that i am sharing not confirm that it will go but just an idea ,tell me in the comments you agree or not with the levels and charts
for short term you can take buy tp 1939 if revert take sell on 1939
if it 1939 then wait to the next level 1946
06/06 - Gold runs in small frameGold price is currently fluctuating within a short-term trading range and is gradually approaching the recent support line.
In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines.
However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark.
The $1555 price level is the needed short-term support and it is expected to be retested.
Therefore, I consider buying around 1952-1954 and selling gold around 1968.
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
GOLD will return to its bullish momentumGold prices steadied in a tight range on Tuesday as optimism that the US central bank won't raise interest rates this month kept the dollar under pressure.
The dollar index fell 0.1%, making gold a more favorable option for foreign investors. Yields on 10-year Treasuries also fell after weaker US services data on Monday.
Lower interest rates tend to lift the price of gold because it lowers the opportunity cost of holding non-yielding assets.
Gold is approaching the H4-frame EMA at 1968 and there will be a price reaction here.
In the short term, I expect Gold to return around the 1950 price range to establish a buy order.