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
Xauusdsignal
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 price in the last days of June !! 29/6 GOLDGold prices remained subdued on Wednesday as the U.S. dollar gained strength following hawkish remarks made by Jerome Powell at a central banking forum hosted by the ECB. By late afternoon, the XAU/USD was down by approximately 0.15% to $1,910, approaching its lowest level since March 15 and heading towards a monthly decline of over 2.5%.
During a panel discussion in Sintra, the FOMC chief highlighted that the bank's policy-setting might not be restrictive enough. He emphasized that a majority of Fed officials support raising borrowing costs twice more in 2023. While some traders are skeptical about the possibility of an additional 50 basis points of tightening this year, this scenario should not be disregarded.
Despite some doubts, the U.S. economy has shown remarkable resilience thus far, and traders should not underestimate its strength. However, if incoming data continues to surpass expectations, policymakers will be compelled to move forward with their plans to raise the terminal rate to address persistent inflationary pressures.
downtrend is still strong, you can buy sell at:
SELL GOLD zone at: $1924 - $1926 sl $1936
In the short term, you can wait for the price to recover 1 beat and then sell. Based on technical indicators EMA 34, EMA 89 to determine the resistance point $1926
GOLD 29/6 $$ Gold's power is limited by the dollarThe XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target until 2025. As a result, the US Dollar remains strong, reaching a two-week high, which in turn puts pressure on the price of Gold. However, concerns about economic headwinds caused by rapidly increasing borrowing costs could prevent traders from taking aggressive bearish positions on the safe-haven precious metal. This could help limit any further losses, at least for now.
Today, gold price still tends to recover slightly, but still can't go up and down is still the main thing
Set up BUY GOLD zone $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.
XAUUSD 1H SELL PROJECTION Reason Behind SELL Projection
1. Breaked Support 1910 and retest For further Fall towards 1890
2. RSI 14 Below 50 which trends Bearish Trend IN 1H
3. Stochastic Overbought 5,3,3 Which make the asset Fall
Overall Possible Outcomes
XAUUSD SELL @ 1913
SL 1922
TP 1 1900
TP 2 1890
GOLD 27/6 $$$ Will the bears prevail now?Investors will be closely watching speeches by top central bank officials this week, including ECB President Christine Lagarde, BoE Governor Andrew Bailey, Fed Chair Jerome Powell, and Bank of Japan Governor Kazuo Ueda. These speeches will be given at a panel discussion in Sintra on Wednesday. Additionally, Tuesday's US economic releases, such as Durable Goods Orders, the Conference Board's Consumer Confidence Index, New Home Sales, and Richmond Manufacturing Index, will also be important in influencing the price of Gold. Despite concerns of a potential recession, the downside for Gold is expected to be limited due to its status as a safe-haven asset.
Gold price is currently trading around the $1927 mark, the momentary downtrend is taking up the majority
Can buy zone at:
BUY ZONE : $1910 - $1913
AND BIG BUY zone : $1903 - $1900 sl 1890
Analysis of moving averages EMA 34, EMA 89 with stiff support at $1900 to BUY
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 - $1943
XAUUSD SELL TREND CONFIRMED Reson Behind the SELL Trend Projection
1. Breaked the Decending Triangle Pattern last Week
2. Breaked the Uptrend Line @ 1930
3. Breaked teh Support @ 1930
4. Black three Crows Confirms the Futher SELL side Movement
Overall Possible Outcomes
XAUUSD/GOLD SELL BELOW 1932
SL 1962
TP 1 1890-1900
TP 2 1854
Gold to take downside Rally for Short Term with Channel RangeGOLD Trading In The Channel Range.
Taking Upside Resistance in the channel range trendline and moving downside.
BREAKING BELOW THE CHANNEL RANGE WILL IMPACT MORE DOWNSIDE FALL AND LEVELS GIVEN IN THE CHART.
{VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
xauusd idea shortso in the chart we can see that market is now going to bullish , overall market is in sell chances are also in sell after news but in the mean time we can say that the market do some bullish moves then go to down side i have marked the levels ,after touching these levels possibilty is in sell , it's just an idea of mine and overview that i am sharing not confirm that it will go but just an idea ,tell me in the comments you agree or not with the levels and charts
for short term you can take buy tp 1939 if revert take sell on 1939
if it 1939 then wait to the next level 1946
XAUUSD CHART 15MIN ANALYISIS 14 JUNEwait for tap on order block then take entry on the basis of CHoCH , BOS and single candle order block (SCOB) and if first order block fails then wait for reach the extreme order block for getting entry or in other side take entry when session sweep high/low.
if you want that how to take confirmation on 1min time frame comment below i will post that ENTRY MODULE.
YTUB = @akforextrader
GOLD is stuck in the price zone 1950$-1955$Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule.
That said, the US Dollar Index (DXY) reverses the previous day's corrective recovery while taking offers around 104.00, down 0.10% on a day-to-day basis by press time. In doing so, the greenback's measure against six major currencies suffers from a market that bets on the Fed's next move.
I expect gold to return to the 1965-1964 price range and then continue the uptrend that was formed earlier. My expectation is that gold will reach the 1976 zone.
Stoploss will be around 5 prices per order.
Make sure you have TP, SL to win the market.
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.
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 SELL TREND STRATED 04.06.32Reson behind the XAUUSD SELL
1. Technically Candle stick formed the Bearish Engulfing Which pushes the Safe heaven to Montly Low 1880
2. Bearish M Pattern formed and make the Target to 1880 which break through 1930 which is last week support
3. Fundamentally DXY break the 102.8 and make the continue in uptrend which make XAUUSD lower
Overall Possible Outcomes
XAUUSD SELL @ 1860
SL 1990
TP 1 1930
TP2 1880
XAUUSD CHART 15MIN ANALYISIS 26 MAYbreak of structure complete and inducement also taken out it means lower low confirm and now wait for mitigate order block for entry only two order block work 1st and last order block.
if market break previous high then market shift from bearish to bullish
previous high marked as BLUE color dot and lower low marked as RED color dot
EURUSD IDEAEURUSD IS IN DOWN TREND THESE DAYS, THE PMI'S MAY BE BLOC OUT FOR THE BEARISH OR BULLISH TURN.
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.