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
Xauusdupdates
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
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
Has Gold (XAUUUSD) Topped out? Gold Price May FallOn Friday, 5 May 2023, Gold price got rejected from the All-time high levels of 2050-2070.
The drop resulted in formation of a DAILY BEARISH ENGULFING CANDLESTICK PATTERN as well as an EVENING STAR CANDLESTICK PATTERN at the ATH resistance levels, which shows sellers are active at this level.
Checking out previous price action, the GOLD Price is trading in a rising channel making HIGHER HIGHS & HIGHER LOWS which signifies the uptrend.
However, checking the RSI indicator which shows the momentum in the uptrend, RSI is making LOWER HIGHS. This results in BEARISH DIVERGENCE!
A Bearish Divergence is a sign of loss of strength in uptrend which means bulls are getting weak and may signal profit booking & trend reversal.
But this does not means to get Bearish on GOLD as of now. We need further confirmations for that.
If Daily candle closes below the rising channel as well as 1968, price may drop till 1940.
Area between 1915-1940 is the must hold level for BULLS. If price closes below 1915 we can then expect beginning of downtrend in GOLD
BUT, since price is still in uptrend and we must follow the trend untill it ends. If daily closes above 1970, price may continue to go high.
CONCLUSION
1. Price is still in uptrend.
2. If daily closes below 1968, price may drop till 1940
3. Area between 1915-1940 is a must hold levels for bullis. If price closes below 1915, a new downtrend may begin.
Let me know in the comments section if you want me to analyse any other financial instrument.
WARNING:-
ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.






















