GOLD has not yet escaped from the price band 1905OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation in the UK and China is also having an impact.
The employment and inflation figures in the UK have created curiosity, especially about the Bank of England's (BoE) interest rate hike policy. Meanwhile, in New Zealand, the Reserve Bank of New Zealand (RBNZ) maintained interest rates and faced an upbeat situation on inflation.
Besides, China is also facing difficulties, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors.
BUY XAUUSD: 1886 - 1884
Stoploss : 1880
Take Profit : 1890
Take Profit : 1895
Take Profit : 1900
Xauusdlong
Plan Buy waits for the news todayThe dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback.
Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders.
The USD is also increasing in the short term. Gold prices may remain under downward pressure for the rest of the summer. However, the short-term drop in gold is seen as an entry opportunity. Gold is likely to increase rapidly in the spring and next year. Gold's long-term uptrend is appreciated.
BUY XAUUSD around price: 1885 - 1887
Stoploss : 1880
Take Profit : 1890
Take Profit : 1900
Take Profit : 1905
Gold Price Forecast: XAU/USD looks weakGold (XAU/USD) prices remained pressured at $1,901 in the early hours of the Asian session on Wednesday as it reversed a late-Tuesday correction from seven-week lows in cautious mood context.
That said, the risk aversion engendered by China coupled with upbeat US data and belligerent negotiations by the Federal Reserve, as well as fears of seeing a downgrade credit ratings of major US companies, weighed on sentiment and XAU/USD the previous day.
That said, bullion initially rebounded early Tuesday amid market consolidation ahead of today's Federal Open Market Committee (FOMC) Monetary Policy Meeting Minutes.
Trading plan: BUY GOL D 1893-1895, SL: 1885, TP: 1905,1910
Remember to install SL to ensure the safety of your account, if you agree with my strategy leave a comment below
GOLD - Accumulate around 1910 USDWith news Core retail sales better than expected.The USD immediately benefited and pushed gold down
However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of six major currencies, continues its fifth consecutive day of gains.
Trading plan:
BUY XAUUSD soup around the price: 1896 - 1894
Stoploss : 1890
Take Profit : 1905
Take Profit : 1910
Take Profit : 1920
XAUUSD: correction recovery of yellow metalThe price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy meeting, supported by recent softer US data.
XAUUSDDetailed analysis of Gold XAUUSD
Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed....
AO (Awesome Oscillator) also indicates at...
Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen....
Entry will be 1964-1968.
Stop Loss below 1933....
1st supply zone is 1952-1955
Resistance 1959....
4h trend line passing zone 1966-1976
2nd supply zone 1976-1985
Resistance 1989....
Once touch 2nd supply it may come to retracement on 4h trend line area.
Once got retracement.
3rd supply zone will be 2014-2019
Big sell zone is 2054-2066....
Notes:
ONLY EDUCATION PURPOSE....DO YOUR OWN ANALYSIS....
ADP - Market is concerned about Gold PriceSome signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate.
This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment.
The dollar's strength was also boosted by anxiety ahead of key US nonfarm payrolls data on Friday, which kept traders away from non-yielding assets like gold.
SELL XAUUSD zone 1958 - 1960
Stop Loss : 1967
Take Profit 1: 1952
Take Profit 2: 1945
Take Profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD SELL CONTINUATION 30.07.23Reason Behind XAUUSD/GOLD Sell
1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel
2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910
3.Continuation of Last W pattern still Valid and smoothen teh downtrend
Over all Possible Outcomes
XAUUSD SELL @ 1965-73
SL 2000
TP 1940
TP 2 1910
XAUUSD LONG IDEAHey before you trade #DYOR I'm sharing my idea which is based on technical analvsis for more accuracy you can check news or event update.
XAUUSD current price 1982 hit HH ON 4Hr chart now wait for retesting area near 1966
As per 4hr candle.
The Major breakout area on 4H chart is still 1987
So now wait and set your positions with proper risk management
Thanks for watching Follow like share
Gold 24/07 Withdraw as the Fed week begins.Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the start of the week, while copper prices fell sharply on concerns about slowing demand.
The dollar rally, ahead of the Fed meeting, also weighed on metals markets, with the greenback pulling further from 15-month lows hit in early July.
SELL XAUUSD zone 1968 - 1970
Stop Loss : 1975
Take Profit 1: 1965
Take Profit 2: 1960
Take Profit 3: 1955
Note: Installing TP SL fully wins the market and is safe in trading
Gold Jul 18 Trading In Narrow Bands.The yellow metal has found support above $1,950, keeping it above year-to-date lows and within sight of a record high.
But gold prices stalled around these levels, awaiting fresh signals from the central bank ahead of next week's closely watched Fed meeting. The prospect of interest rates staying higher for longer also limited the outlook for gold, as well as signs of the resilience of the US economy.
Let's wait to establish an ideal Sell point.
SELL GOLD zone 1963 - 1967
Stop Loss : 1975
Take Profit 1: 1962
Take Profit 2: 1957
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
Gold - Steady Against "Storm".Although inflation is still well above the Fed's 2% annual target. This is likely to attract more central bank rate hikes in the near-term, with markets broadly pricing in a gain of at least 25 basis points at its meeting in late July.
A host of Fed officials also forecast more rate hikes in the coming months, warning that core inflation remains high and at risk of becoming fixed. June's core CPI was lower than expected, at 4.8%, but remained relatively high and well above the headline figure, up 3%.
SELLXAUUSD zone 1967-1965
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1945
Note: Installing TP SL fully wins the market and is safe in trading
3/7 GOLD. Expecting a short-term gold price recoveryThe Gold Price ended the previous week on a positive note, despite experiencing three weeks of consecutive losses.
However, there was a noticeable recovery as the price bounced back from the bearish channel's support, which has been in place for five weeks. Additionally, there was an upward break of a descending resistance line that had formed two weeks prior. This resistance line now serves as immediate support at around $1,917, indicating potential for short-term bullish movement in XAU/USD.
The recovery hopes are further supported by bullish signals from the Moving Average Convergence and Divergence (MACD) and the positive conditions of the Relative Strength Index (RSI) line, which is currently at 14.
Moreover, the clearance of the 50-SMA (Simple Moving Average) strengthens the upward bias for the Gold Price.
However, the dominance of Gold buyers is dependent on surpassing the 200-SMA and the top line of the previously mentioned bearish channel, which are respectively located around $1,948 and $1,954.
On the other hand, if the price breaks below $1,913, it could pose a challenge to the key support level at $1,900, which includes the bottom line of the aforementioned bearish channel.
Another downside barrier is the recent bottom around
Gold Price Forecast: XAU/USD continues to bounce off $1,900 considering Fed Minutes, US NFP, 1950 price recovery expectations
Set up: BUY GOLD zone: $1910 - $1912 SL 1900
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
GOLD 4/7 !! The bulls are gradually regaining their positionThe current economic troubles may prevent the gold price from experiencing significant declines. Concerns about a global economic downturn, especially in China, could provide some support to gold as a safe-haven asset and prevent further losses, at least for now. Even though the Chinese Manufacturing Purchasing Managers' Index (PMI) for June was slightly better than expected at 50.5, it still reflects a slowdown compared to the previous month's reading of 50.9, maintaining market concerns. As a result, traders might refrain from making new pessimistic bets on the gold price until important macroeconomic data is released in the coming month.
The struggling economy provides some backing for the XAU/USD safe-haven. Weaker economic data coming from the United States raises questions about the need for the Federal Reserve to tighten policies further, putting USD bulls on the defensive and giving a boost to the price of Gold. It's important to note that the US Bureau of Economic Analysis recently reported that the annual PCE Price Index slowed down to 3.8% in May from the previous 4.3%, and the core gauge decreased to 4.6% in April from 4.7%.
Gold price prediction today remains stable in the $1920 price zone.
Set up GOLD PRICE at zone: $1920 - $1922 sl $1910
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/4/2023
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
GOLD 3/7: Gold price in early June before a slight recoveryThe gold price might not suffer significant losses due to the current economic challenges. The concerns about a global economic downturn, especially in China, could provide some support to the safe-haven precious metal and prevent more significant declines, at least for now. Market worries persist even after the release of a slightly better-than-expected Chinese Manufacturing Purchasing Managers' Index (PMI) for June, which recorded a reading of 50.5, slightly lower than the previous month's reading of 50.9. This could discourage traders from making new pessimistic bets on the gold price before important macroeconomic data is released in the US at the beginning of the next month.
Gold price today is fluctuating at $1910 - $1920. A slight rally is forming
SET up BUY GOLD at zone : $1910 - $1912 sl 1902
Based on EMA 34, EMA 89 moving average technical analysis indicator to trend on 7/3/2023
Gold Buy idea Before News *Gold*: Scalp Signal for 10-20 pips Profit
🌈✅ SL=9-20 pips only from my Zone
🌈✅ Dont take more than 3% risk on this trade
🌈✅ Delete pending order in News time
Disclaimer: These Trade ideas for educational purpose only, You can research too. enjoy scalping trade for 5 July 2023
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.
GOLD BUY IDEAGOLD ANALYSIS:
GOLD has been one of the most considered safe haven against the fall of USD.
Most investors turned to consider GOLD as a safe haven due to following factors:
The CORE PCE fall as expected on Friday where this indicates that FED will not out more efforts for tightening since the stubborn inflation is coming close to target.
FED may pause rate hikes this year (2023) because inflation is on hand and coming closely to target which is 2%.
Technically and for 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 current high around 1922.689, hence there may be 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.