Gold trend is up slightly at the beginning of next week⚡️At the end of the week, spot gold XAU/USD recovered slightly to $1,890, but it remains poised for a 1% weekly drop, the fourth consecutive weekly drop. The metal appears to be consolidating losses after seeing the red for the previous four days and also bullish on risk aversion as the market worries about the health of the Chinese economy.
⚡️The bulls are trying to recover but are still deep in the negative zone. With an ascending slope below its midline, the Relative Strength Index (RSI) shows the possibility of increased buying pressure, while the Moving Averages Convergence (MACD) shows middle red bars count.
Support levels: $1,870, $1,850, $1,830
Resistances: $1,900, $1,906
Xauusdupdates
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
Gold - There are many disadvantages ahead.US inflation is still trending well above the Fed's annual target, which is still likely to signal at least one more rate hike this year.
Rising interest rates are bad for non-yielding assets like gold, as they drive up the opportunity cost of holding gold. This trade has broken gold until 2022 and has limited the yellow metal's gains so far this year.
SELL XAUUSD zone 1963 - 1966
Stop Loss : 1972
Take Profit 1: 1960
Take Profit 2: 1955
Take Profit 3: 1950
Note: Installing TP SL fully wins the market and is safe in trading
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
GOLD 3/7 !!! The bulls are having a slight recoveryThe Gold price is being affected by a slight increase in the US Dollar. After experiencing significant losses on Friday, the US Dollar is attracting some buyers and recovering. This is seen as a key factor that is putting pressure on the price of Gold. Recent data from the United States shows that the Personal Consumption Expenditures (PCE) Price Index decreased to 3.8% in May from 4.3% previously. Additionally, the Core PCE Price Index, which excludes volatile food and energy components, went down to 4.6% in May from 4.7% in April. Despite these decreases, both indices remain well above the Federal Reserve's target of 2% and support the possibility of further tightening of monetary policy.
Today, July 3, 2023, gold price is predicted to have a slight recovery around the $1925 -$1930 mark
Set up Price Gold at:
SELL GOLD at: 1920-1922 small lot
and SELL GOLD at: $1930 - $1932 small lot
and SELL GOLD at: $1937 - $1940 sl $1950
Based on technical indicators EMA 34, EMA 89 and resistance areas to sell at the above price zones.
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
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
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