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.
Xauusdshort
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
XAUUSD SELL TREND CONFIRMED Reson Behind the SELL Trend Projection
1. Breaked the Decending Triangle Pattern last Week
2. Breaked the Uptrend Line @ 1930
3. Breaked teh Support @ 1930
4. Black three Crows Confirms the Futher SELL side Movement
Overall Possible Outcomes
XAUUSD/GOLD SELL BELOW 1932
SL 1962
TP 1 1890-1900
TP 2 1854
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
GOLD 08/06/2023 Bears have the upper handTVC:GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, TVC:GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global.
Organization for Economic Co-operation and Development (OECD) flagged concerns about a weak global economic transition amid higher interest rates and spurred buyers of TVC:GOLD , especially after a rate hike surprise rates from central banks in Australia and Canada. However, the easing of concerns about the Federal Reserve (Fed) rate hike by 0.25% in June contrasts with the possibility of a rate hike in July to underpin the Gold Price rally towards the end. year.
SELL GOLD zone 1953 - 1955
Stop Loss : 1958
Take profit1 : 1948
Take profit 2: 1940
Take profit 3: 1935
Note: Installing TP SL fully wins the market and is safe in trading
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.
Xauusd Analysis Gold is technically bullish due to use only its fell down...
Analysis 1
M pattern in 4H and 75% Traget only done...so that (a)2019-2022(if here retracement 1980 is the trg)or (b)2030-2034.5(if here is the retracement huge fall will be happen)...bcz below 1960 has major support...
(a)Sell stop @2009 USE SMALL LOT
Trg 2000/1990/1980
Buy stop 2023 (no sl) Double the lot
(b..AFTER RETRACEMENT)sell stop 2028 USE SMALL LOT
Trg 2023.5/2019.5/2015.5/2005.5/2000/1995/1981/1976.6/1970.5/1965
Below 1960 means gold will be huge fall
Buy stop 2044 (no sl) double the lot
Analysis 2
In 4H even though M pattern there is a HL(Higher Low) formation at 1999.7... also 15M seem a Dragon fly doji so bounce back to bullish if it’s break and sustain 2019-2022 rally continues to next supply zone 2031-2036 once touch there close some layer set in Sl to entry(BE)
Buy @ 2015 to 2017 USE SMALL LOT
Trg 2019/2022/2030/2034/2038/2043/2046/2051/2055/2060/2070/2080
Sell stop 2010to2009(use idea 1...a)Double the lot
Gold Latest Analysis before Fed decision ,PMI and ISM (Short) ?Be cautious of trade today as it could be highly volatile environment due to different news today .
Gold is forming bullish penant , if broken could lead gold to 2028 -30 levels before a correction.
Happy trading , look for stop loss hunts due to great volume today.
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.🥇
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