GOLD next week Well heres my GOLD idea for next week , We surely see less retrace coming into next week The way this week candle closed , I expect next week to be less of a retracements , however we can see some bearish move Monday and Tuesday / wednesday .....Longby abiseksubedi80
Gold Buy Stop 2313.43Good Morning Everyone, Here is sharing today's setup for GOLD, and it's purely based on the technical trade.Longby lakshmikanthakulaUpdated 221
XAUUSD 29 April - 3 May 2024Let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from 2400 to 2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around 2300. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Data released on Friday showed that the US personal consumption expenditures (PCE) price index rose 0.3% last month, an increase in line with forecasts. Experts say that this increase is unlikely to change expectations that the US Federal Reserve (FED) will continue to maintain tightening policy until September. While data continues to suggest inflation remains “persistent,” gold's reaction suggests the market has priced in this. Looking ahead: The Fed is facing a challenging environment as inflation remains “persistent” and economic activity begins to weaken. Inflation data is released 1 day after first quarter GDP data. This year, the US economy has seen its slowest growth rate in nearly 2 years. Regarding impact news: when faced with a stagflation environment, the US Central Bank will likely ignore rising inflation and focus on supporting the economy. Currently, gold prices are being supported by the net buying trend of gold by central banks and the large physical gold demand of Chinese and Indian consumers, thereby supporting gold. It is expected that next week gold will reach 2400. Next week's standout economic news that could affect gold prices is the Fed's monetary policy decision on Wednesday; US Non-Farm Employment Change report on Friday. Gold prices may rebound if US inflation weakens. Long-term outlook: Gold continues its upward trajectory, with a favorable target of 2500. Short-term outlook: The precious metal has established a new support level, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens. If Gold breaks the 2290 zone we will be looking for sells and look for the levels underneath this zone. I will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it! I wish you a good week, trade with a stop loss and I hope you all get rich! Longby TheDutchGoldTradeHubUpdated 1114
Gold price returns to the race to increase?Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce. This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy, increasing expectations that the Fed will have to loosen monetary policy in the near future. Specifically, after the US monthly employment report did not meet expectations, the latest report on weekly unemployment benefit applications increased higher than expected, which pushed gold prices up more than 1%. , reaching its highest level of the month.by RKarinaUpdated 43
GOLD XAUUSD : OPERTUNITY seenAs you can see , we could get opertunity in Gold for sell side ,if the price break below the level of price i marked ,and we could enter the trade . Risk to Reward :- 1 : 3Shortby Traders-community110
Indecision as Contrasting Events Add to Confusion..2345 Is Going to be the Zone. If Respected Then 2230 Zone or 2265 Zone could be tested in Coming Weeks.. If Broken Then 2395 Zone could be tested in Coming Weeks.. 3 Possible Scenarios Planned Out.. A - Green B - Yellow C - Red In terms of Probability B>C>A This Looks More Likely. Share Your Thoughts in Comments section. by DrAnandMUpdated 121225
🔥GOLD IS IN FOR A STORM NEXT WEEK💲 The trend of gold this week showed an upward trend in the second half of the period, with the weekly closing as a big positive line with some small upper and lower shadow lines. On Friday, we publicly pointed out that short orders were carried out on the 2375-2378 line. As a result, the big negative line once touched 2355, showing a downward trend. Yesterday, gold did not rush higher again in the second half of the night, but reversed downwards, forming a "big positive resistance line" pattern on the weekly chart. This may be a signal of a plunge, suggesting that 2378 is likely to be a stage high. . Although there may still be repeated bullish moves after the big positive line, it will be an excellent short-selling opportunity to test the high again next week. I will choose to play a heavy position, with the lower target pointed at around 2280. Therefore, next week we will continue to focus on high positions, because the rebound of the K line is just for short selling. The four-hour stochastic indicator temporarily shows a dead cross, but due to insufficient time on Friday and the market was suspended over the weekend, whether the evolution of the four-hour chart will turn sideways will not be determined until next week. The rising point is supported at 2330, which is the key support level for the long-short top-bottom transition. The golden four-hour line deviates far from the moving average. I have always believed that the K-line will return to the moving average. This is an established fact. Overnight, the price of gold showed a bearish top pattern, that is, a large negative line entity surrounded by a positive line entity, forming an obvious downward pattern, which can also be regarded as a top signal. The hourly trend gradually formed a small top shape, and the K line continued to bear pressure on the short-period moving average, indicating that there is still room for adjustment in the short-term trend. Therefore, next week we will continue to focus on short opportunities near 2370. On the whole, it is recommended that the short-term operation of gold next Monday is mainly to go short on the rebound, supplemented by the long position on the callback. The resistance range of short-term concern at the top is 2370-2372, and the support range of short-term concern at the bottom is 2330-2332.by JackBlackwell_Analyst2
Xau still bullish in my point of view xau still on its way to rise up to 2411..as fibonacci level 423 H4 my pivot zone is 2348 , if price gow lower than this zone . possible gold countinuew to fall to 2266 daily target by yyusrizal1
🔥GOLD PULLBACK GOES LONG💲 From a technical analysis, the daily chart of gold showed a strong performance Thursday, closing as a big positive line and directly breaking through the middle track of the Bollinger Bands. Under a bullish trend, the market turns from weak to strong. The next step of focus will be the high point of the daily Bollinger Band track, which is expected to be located in the 2388-2390 area. On the 4-hour chart, the unilateral trend is obvious, especially after Thursday's rise, the upper limit of the Bollinger Band has been stretched, forming a clear unilateral trend. The market has now exceeded the previous high of 2370. Given the clear market direction, blind chasing of bulls should be avoided during the European trading session. The lower support is located near the Bollinger Band upper track 2337 and the unilateral moving average support 2332. Therefore, traders can consider looking for pullback opportunities near 2370 and wait for the adjustment to end before considering long operations. It is worth noting that if the price unexpectedly falls below 2330 today, it may enter a state of shock again. Yesterday's analysis has predicted that the volatile market is coming to an end, and gold's performance last night confirmed this. The price easily broke through the key position of 2332, which means that the previous volatile market has come to an end and the bulls have begun to regain control of the market. The daily line closed out the big positive line, swallowing up many previous K-line patterns, and all indicators turned upward. Today's focus is first on 2332, which was previously the upper edge pressure of the shock range and has now turned into support; secondly, 2337 is the support level in the hourly pattern. Comprehensive analysis, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The upper resistance level focuses on the 2376-2378 range, and the lower support level focuses on the 2332-2337 range.by JackBlackwell_AnalystUpdated 16
Gold 🪙Gold could climb to 2687 within or on ( 16th Sep 2024 ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.Longby KilopapaUpdated 1
gold looking for shortas per price action we can see a nice selling in gold untill asia session low......Shortby TheMoneyOcean0
Gold price today: Gaining momentum again!Golden information: According to the weekly report from the US Department of Labor, the number of first-time applications for unemployment benefits in this country has increased to the highest level since August last year. In the week ending May 4, the number of people applying for unemployment benefits for the first time in the US increased by 20,000 people compared to the previous week, an increase that exceeded expectations, to 231,000 people. The data raises expectations that the Fed will begin cutting interest rates at some point this year. Gold is a non-interest-bearing asset, so the strength of gold prices is often reinforced when the prospect of the Fed cutting interest rates increases. In addition, gold price this session is also supported by the decrease in USD exchange rate and US Treasury bond yields. After the US jobs report, the Dollar Index measuring the strength of the USD decreased by about 0.3%, to more than 105.2 points. Gold is priced in USD, so USD depreciation is a beneficial factor for gold prices.by RKarinaUpdated 11
Trend analysis and levels for gold by happening Market Trend analysis and levels for gold by happening Market Longby DkRayakTV2
🔥GOLD TRADING STRATEGIES💲Gold has been going back and forth recently, with short-term gains reaching a high of 2321 and then falling rapidly. Its trend is still unable to escape the shock pattern, and it is expected to continue to maintain this trend pattern today!. On the daily chart, gold prices continue to fluctuate, with the current price range roughly fluctuating between 2280 and 2330. In the 4-hour trend, the short-term moving average remains basically stable, indicating that the short-term trend may continue to remain volatile. Currently, the short-term price range is constrained by a narrow range from 2306 to 2320. The 30-minute moving average shows that the short trend continues, indicating that downward pressure is still there. The price of gold is restricted by the downward trend line, and the rise is blocked, or even falls directly. The current trend line resistance is near 2318, so during the European trading period, the rebound may be limited by the trend line, and it is recommended to continue to be bearish. On the whole, today's short-term operation of gold recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2318-2320 resistance range, and the bottom short-term focus is on the 2300-2290 support range. Gold Trading Strategies Reference 🎯Strategy 1: Go short when gold rebounds to around 2318-2320, stop loss 6 points, target around 2310-2300, break the position and look at the 2290 line✅ 🎯Strategy 2: Go long when gold pulls back to around 2290-2293, stop loss by 6 points, target around 2300-2310, and look at the 2320 line if the position is broken✅by JackBlackwell_AnalystUpdated 8
GOLD SHOWING A GOOD CLEARCUT UPMOVE In this chat you can see the trendline The prise crossed the trendline lable Its mean the prise breaked the trendline And its also itts breaked the rectangle small zone It will take time to break fully But.. After full breakout a good fall momentum will shown in gold So keep in your mind This can break Stay connected with gold Watch in lower timeframe After a good confermation just enterLongby tradergyan01Updated 4
XAUUSD - Shocking price increaseEveryone, let's find out what's new in the gold market today! Yesterday, gold saw a significant breakthrough, as the metal rose from around $2300 USD to as high as $2350 USD at the moment, completely shedding previous bearish sentiment. The weakening of the USD has strongly supported the upward trend in the price of this precious metal. In addition, gold prices rose even higher "after a number of major central banks decided to cut interest rates or signaled their willingness to cut interest rates further in the future." Lower interest rates reduce the "opportunity cost" of holding gold, a non-yielding asset, making it a more attractive investment. Looking at the chart analysis: Gold is approaching the resistance area as marked. On the upside: If it succeeds in maintaining this trend and successfully closes above resistance, XAUUSD will open up a profitable opportunity to quickly move towards $2400 USD. On the other hand, if a pullback to correct the trend occurs, XAUUSD will retest the breakout zone at $2330 USD once again, but the uptrend will still be maintained as the 34 EMA is reversing and signaling positivity for buyers.Longby RKarinaUpdated 27
4Hr resistance 4hr resistance area... So Area near Sell SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.Shortby Tamiltry1
Gold Trend 06/05 - Let's the S-T rebound beginsGold tested the 2280 support 3x last week, with the lowest hitting a 4-week low of 2277. The gold price held on to the 2280 support following a relatively neutral Powell's Fed announcement and weak US employment data. Since the price has bottomed out near the end of last week, expect the gold price to initiate a rebound in S-T. 1-Hr Chart - The gold price has rebounded quickly each time after it touched the 2280(4) support last week, showing strong buying near the 2280-5(4) level. The downward trend that originated on Apr 20 has ended after the price broke out from the downward resistance line(1) in the early Asian session back from the weekend. The S-T target can be set at 2328(2). There is no important economic data scheduled to be released this week, so once the gold price clears the resistance at 2328(2) later this week, the next target can be set at 2350(3). www.tradingview.com Daily Chart - The gold price has not been able to stay below 2300(7) for more than one day, reflecting the strong buying support below 2300. We can operate the 10-day MA(5) and the 20-day MA(6), taking advantage of the 2280-2355(8) range in S-T. Based on the current market conditions, I believe the gold price needs more news stimulation for it to escape the 2280-2355(8) range. Please give me a thumbs up 👍. Feel free to leave a comment & share your thoughts 🤟. P. To by 1uptickUpdated 4
Way to follow CMP with EGprocess to follow current market with EG system. Hope it is helpful to you guys20:00by gameguru840110
XAUUSD or LongMy view on this script Bullish Ofter breaking Resistance with good dynamics I took long entry...💹💲Longby Sateesh07110
15 M sell XauUsd 15M resistance area. So sell sl maintain. Support resistance bass trading plan.Shortby Tamiltry110
🔥Gold Trend Analysis May 8💲Gold showed weakness immediately after the opening yesterday. Although the European market rebounded slightly, the US market once again shot up to around 2323 and then began to fall back to around 2307. Although there is another upward move this morning, bears are still expected to fall. Considering that the overall trend in the early stage is weak, the morning rebound is often a signal for short selling. The 4-hour trend is currently a rectangular shock consolidation in the mid-term decline. Gold prices have been in a downward trend channel since mid-April. The RSI indicator remains below its 50 midline, showing the bearish sentiment towards gold. The current rebound of gold is blocked at 2321, failing to break through the downward trend line and beginning to come under pressure. The half-hour chart shows a downward trend, the rebound has encountered resistance, and the highs have begun to fall back under pressure. The downward trend line resistance has dropped to around 2323, and below this is a short-selling opportunity. Short positions can be considered near 2320-2323. The U.S. market can be seen as weakly supported near 2290, and attention will be paid to whether the U.S. market can break through 2300. Comprehensive analysis, today's short-term gold operation advice is mainly to go short on rebounds, supplemented by long orders on callbacks. The top focus is on the resistance range of 2320-2323, and the bottom focus is on the support range of 2281-2277.by JackBlackwell_AnalystUpdated 12
Gold price today: Prospect of price increase delayed!Hello dear friends, let's understand today's gold price! Currently, today's gold price continues to move above 2,300 USD and has not changed much compared to the same trading session yesterday. Accordingly, Gold remains at familiar levels in the context of rising US Treasury bond interest rates and a strong US dollar. Traders await unemployment claims on Thursday, followed by the University of Michigan's Consumer Sentiment survey on Friday to find new direction for the metal. Looking at the outlook from the technical chart: The 4h chart of XAU/USD shows that the upside potential is still limited, the metal continues to be limited below the resistance of 2335 USD and moves below the two EMAs 34, 89 without a clear direction. Bears may have a better chance of a clear break below the $2,300 mark until Gold breaks below that level and trades around $2,260 according to the trendline.Shortby RKarinaUpdated 29