15 resistance Trend line break 15 Minutes resistance Trend line break. So buy now low sl maintain.Longby Tamiltry2
Gold Prices React to US Treasury Rates Amid Middle East TensionsIntroduction: In the dynamic world of financial markets, gold prices experienced a slight dip recently, influenced by rising US Treasury rates and ongoing geopolitical tensions in the Middle East. As investors remain vigilant for any potential escalation in the crisis, the landscape of economic indicators and central bank sentiments also plays a crucial role in shaping market sentiments. Market Analysis: The recent movement in gold prices reflects the intricate interplay between various factors, including US Treasury rates, inflation concerns, and geopolitical uncertainties. The dollar-priced metal faced pressure as US Treasury rates edged higher, impacting its attractiveness as an investment option. Meanwhile, lingering worries about the Middle East crisis kept investors on edge, contributing to market volatility. In the backdrop of these developments, the Federal Reserve's latest poll of US central bankers highlighted persistent inflation and the prospect of higher interest rates as significant risks to financial stability. Chicago Federal Reserve President Austan Goolsbee noted a "stalled" progress in addressing inflation this year, signaling a shift in the central bank's stance towards interest rate adjustments. Key Economic Data: Amidst the market dynamics, attention is drawn towards key economic releases, notably Consumer Confidence data from the Euro Zone. This data point could offer insights into the economic sentiment across the region and potentially influence market movements. Technical Analysis: Technical indicators suggest that gold prices could find support at $2325, with resistance seen around $2380. Similarly, Gold MCX prices are anticipated to find support at 71050 and resistance at 73200. Action Plan: Considering the prevailing market conditions and technical outlook, a strategic approach would be to sell on a jump around $2365, targeting $2325, with a stop loss implemented above $2382. This approach aligns with the current market dynamics and offers a structured risk management strategy. Conclusion: In conclusion, the recent fluctuations in gold prices underscore the complex interplay of various factors, including geopolitical tensions, inflation concerns, and central bank policies. As market participants navigate through these uncertainties, staying informed and adopting a prudent approach to trading becomes paramount.Shortby rajeshtatineni850
Gold price dropped shockingly on the first day of the week!Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely. Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the adjustment process after a week of strong price increases, when investors began to sell to take profits. If support at $2050 fails to hold, gold could continue to decline. However, on the positive side, gold still has a chance to recover. It will soon face resistance at the Fibonacci retracement point between 0.5 and 0.618, which coincides with the intersection of the 34 and 89 EMA. Gold needs a strong push to overcome this resistance if it wants to continue. continue the upward trend in prices. Regarding market forecasts, a recent survey of 14 Wall Street analysts showed a strong belief in the bullish prospects of gold: 72% of them predicted that gold prices will increase, 21% think prices will stabilize, and only 7% predict prices will decrease.by RKarina1144
XAUUSD 22 - 26 AprilGold price next week from 22 - 26 April We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan. The price of gold surged to a new high above 2400 as tensions in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to 2431 zone. A close above 2410 zone will open the following targets as shown in the chart above. Price has maintained above the channel with our final long range target at 2440 still remaining. The extended levels 2450, 2472 and 2500 will only activate once we see a close above 2440. We will keep the above in mind when taking buys. Gold price maintains a stable increase in the H1 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum. Based on the resistance and support areas of the gold price according to the H1 frame, i identify the important key levels/zones at: Resistance: 2410, 2430, 2448 Support : 2373, 2310 Targets 2402 2422 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 114
Update gold price at the beginning of the week!Hello everyone, let's explore the price movements of gold in the new week! At the beginning of the trading week, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian trading session. Currently, the price of gold is at $2369 and it is projected that in the short term, this metal may continue to decline after reaching the trendline and forming a descending triple top pattern. However, in the long term, gold still has an upward trend. The ongoing instability in the Middle East continues to drive the demand for gold as a safe haven asset to cope with political uncertainty. In terms of prospects and expectations for the week: This week, we should pay attention to economic data including new home sales figures for March released on Tuesday, durable goods orders for March on Wednesday, pending home sales, initial jobless claims, and preliminary Q1 GDP (including quarterly PCE) on Thursday, and March PCE on Friday. These will be crucial in determining the future movements of gold, so closely monitor them to stay updated on trading opportunities!by RKarina27
Gold bullish trade setup - April 20Gold bullish trade setup 2 scenarios If price breaks support, cancel bullish setup.Longby tina0001Updated 111
🔥GOLD TREND ANALYSIS NEXT WEEKYesterday, the gold market saw a strong rise under the influence of the geopolitical situation in the Middle East, reaching a maximum of $2,417 in the morning, but then the price retreated and the gains were completely digested. It rebounded again to $2,401 in the evening and finally closed at $2,390, exactly in line with our expectations. The daily chart shows a long upper shadow Yang line, and the short-term indicators continue to decline, forming a deviation from the K-line development. Technically, further rise is not optimistic for the time being. At present, the geopolitical situation in the Middle East remains a key factor in the market. However, judging from the current situation, it is unlikely that another escalation or even a large-scale war will break out (because Iran does not want the situation to escalate). If the war situation is downgraded, the buying power of gold may weaken, and the market may fall into shock or start to retreat. Judging from the weekly chart, bulls are still in a strong state, but it should be noted that the bottom may be reached in the form of a pullback next week, and one should not blindly chase higher. Technically, the 4-hour chart of gold shows a double top pattern. If risk aversion appears next week and pushes prices up again, but fails to break through new highs, it may continue to fall, which will further confirm the top pattern. The daily closing line of gold has not stabilized above 2400, indicating that 2400 is still a solid resistance level. Market sentiment is likely to remain cautious, with investors closely monitoring geopolitical developments and economic data releases for cues on future gold price movements. If geopolitical tensions escalate or economic uncertainty increases, gold could see renewed buying interest. A break above 2400 could lead to further upside momentum, with potential targets around 2420 and 2450. Failure to hold above 2400 could trigger profit-taking and a pullback in gold prices. In this scenario, key support levels to watch include 2375 and 2350. A break below these levels could pave the way for a deeper correction towards 2320 and 2300. Traders should closely monitor key levels and geopolitical developments to assess the direction of gold prices next week. Additionally, maintaining a prudent risk management strategy is essential to navigate potential volatility in the market.by JackBlackwellUpdated 41
Gold Next week Forecasting, Ready to FLY....Good Evening Traders, I am sharing Gold possible moves for the upcoming week. Gold is moving ATH (All time high), Levels due to the rising geo-political risk in the Middle East after the alleged reports of Israel's drone airstrike in Iran and still, there is no such possibilites where we can see further cool down the geo-political risk. Gold levels to understand both possible scenarios. Gold is bullish in all Time frames. selling gold this time is not a good Idea. we can see only retracements in the way of selling. Gold major and recent support is 2362 - 2352, if any case gold will break this level, only then we can anticipate Sell on retracement of same level till next support 2322. Or-else we can try to find Buy from every dip.In buy side if any candle close above 2400 then we can see buy from retracement of 2400 till 2431. 2431 is the hurdle for gold to reach 2468 to 2510 levels FOLLOW US by vikasvasusharma4
Gold continues to fluctuate and riseDue to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile trend, but the overall trend is still volatile and rising. It is not recommended to go short. Because geopolitical conflicts in the Middle East may escalate at any time, although Israel and Iran still maintain a certain degree of restraint. As soon as the conflict escalates, the price of gold will soar. Trading strategy: From the chart, although the price of gold has not reached a new high, it is still fluctuating and rising along the upward trend line, so it is not recommended to sell at the moment. It is also not recommended to buy after the price rises rapidly. Recently, gold has always fallen back quickly after rising high. At present, gold may fall back to the 2370-2380 range. If the price falls back to this range, you can buy it.Longby winner-200434
🔥GOLD SET FOR TECHNICAL CORRECTIONGold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a release of bullish energy, then the subsequent correction may not be very large. Although the daily system is still healthy, the price has exceeded market expectations, which may trigger the release of short pressure. As the European market continues to rise strongly or resist falling, we need to wait cautiously for the US market. Today is the end of the weekly chart. In early trading, there are signs of profit-making selling by bulls. It is not advisable to chase the bulls and avoid repeating the trend of last Friday. Although the bulls are currently strong, the Asian and European markets are still dominated by corrections, and it is not advisable to take high risks and operate against the trend.. If the bulls continue to strengthen, the support below will be difficult to reach. You can pay attention to the 5-minute K-line strength stop point to intervene in long orders, and defend at the low point of the K-line. The market is constantly changing and strategies need to be adjusted in a timely manner. Gold breaks through upward, and it is recommended to take advantage of the trend to be bullish. The 1-hour chart broke through the shock range and turned upward. If there is no support from breaking news during the day, the range may still be dominated by shocks. Generally speaking, today's short-term operation ideas are mainly callback longs, supplemented by rebound shorts, focusing on the resistance range of 2400-2412 at the top and the support range of 2365-2375 at the bottom.by JackBlackwellUpdated 46
How does gold price move today?Global gold prices have witnessed a significant price increase due to ongoing tensions in the Middle East, despite positive economic data from the US. The escalation of tensions, with Israel expressing its intention to respond to attacks from Iran, has ignored calls for restraint from the West. In this context, with the continued increase in geopolitical instability, gold prices are likely to continue to rise towards the $2,500 mark. The precious metal is currently moving towards the 1.618 Fibonacci price level, an important profit-taking point, in line with Dow Theory predictions.Longby RKarina25
XAUUSD Weekly Swing Trading for Sell1. Weekly RSI Expecting to Touch 84.26 2. First POI for Sell on Weekly and monthly trendline resistant Area 2452 3. Second POI for Sell on Weekly and Monthly Trendline Resistant are 2476 & 2500by lakshmikanthakula0
Gold followed up with jumpsHi everybody! Let's look back at gold price developments last week and prepare plans for next week! Last week saw an explosion in gold prices, when it reached a record high of 2,431 USD/ounce before cooling down and stabilizing at around 2,400 USD/ounce. By the end of the week, prices had ended at $2,392 per ounce, up 0.55% on the day. The main factors driving gold prices to increase sharply include: the conflict situation in the Middle East continues to be tense; Fed Chairman Jerome Powell and other officials believe there is no need to further reduce interest rates; and in particular, China's strong buying has facilitated gold in conquering new peaks. In terms of technical analysis, gold is still supported by the factors mentioned above. This precious metal is currently trading above the two exponential moving averages EMA 34 and EMA 89, which continues to support investors buying. Gold is maintaining its current trend, trading above the Trendline and it is important to watch for any buying opportunities when the price re-touches the Trendline and check the stability of these two EMAs. Please continue to monitor and prepare a reasonable strategy to take advantage of opportunities in the gold market next week. Wishing everyone a happy and successful weekend!Longby RKarina16
Gold will continue to fluctuate and rise(April 19) Gold rose nearly 40 US dollars at the opening, refreshing its recent high of 2,417 US dollars, mainly due to the sound of explosions in Iran and other countries. A U.S. official later confirmed to the media that an Israeli missile hit a target in Iran. This quickly heated up market concerns about the geopolitical situation, providing upward momentum for gold and crude oil (82.28, 0.18, 0.21%). However, gold fell back quickly afterwards. This is also the experience in the past. The sharp rise in the morning cannot be chased. After all, risk aversion can come and go quickly. At present, the conflict between Israel and Iran is more likely to escalate than to deescalate. Iran may retaliate in the future and fight against each other again. Therefore, the risk aversion sentiment is still strong, and the follow-up will be mainly bullish. Today we mainly focus on the 2354-2369 range. If the price falls back to this range, you can buy. It is not recommended to short gold at the moment.Longby winner-2004Updated 31
Reversal or a Retracement?Gold witnessed some decent profit booking at end of the week. Keeping it simple 2320 is going to be the Zone. If respected, We may see retest of 2400 zone If Not, then 2275 may provide some support. Although Stronger Support Zone happens to be around 2220 2200 levels. Rest of the analysis in coming days.by DrAnandMUpdated 8832
Gold prices increased at the end of the weekToday, on the last trading day of the week, gold prices increased sharply to nearly 35 USD, reaching a high of 2,418 USD before stabilizing at 2,410 USD at the time of reporting. Gold's upside was sustained by a recovery from the 34-day moving average (EMA 34), with technical factors continuing to support the price. Many investors believe that gold is receiving strong support as a safe haven, because tensions are increasing in the Middle East. If the conflict continues to escalate, gold prices are likely to reach 2,500 USD in the near future.Longby RKarinaUpdated 12
How will the gold price behave today?Hello everyone, after a short price drop last night, gold has begun its journey to find a new peak. In today's trading session, gold is attempting to overcome the $2,400 resistance level, supported by renewed weakness in the US Dollar and persistently low US Treasury yields, which creates conditions for this unprofitable precious metal. Gold may continue to be popular as a safe haven whenever the market fluctuates, amid concerns about the current geopolitical situation. However, this could change if upcoming statements from US Federal Reserve (Fed) policymakers increase expectations for interest rate cuts at their September meeting. Besides, upcoming housing market data and weekly unemployment claims from the US will also provide further guidance to gold investors in the coming days.by RKarinaUpdated 6629
Gold price today: Fierce confrontation!Hello everyone, in the early hours of the weekend trading session on Friday, gold prices recorded a $35 increase, surpassing the $2400 resistance level. However, this upward momentum did not last and the price has since dropped, stabilizing at around $2,390 at press time. This fluctuation is the second time gold prices have increased sharply and then decreased, showing that sellers are still having great influence, preventing a sustainable increase in the price of this precious metal, even though the surrounding area is still price increase trend. The appearance of two candles with long wicks in the recent chart shows that selling pressure increased sharply when gold reached high prices. So, although gold prices are trending upward, more time may be needed to stabilize this trend before the next significant gain can be achieved. Key factors driving gold prices include strong buying demand from central banks, increased demand from emerging markets, a slowdown in supply and escalating geopolitical tensions. If these tense situations continue, gold prices could approach the $2,500/ounce mark.Longby RKarina14
XAUUSD - Are the bulls really weak?Hi everybody! Today, let's explore together the factors that affect the price of gold! Last night, gold experienced a major correction. The precious metal has dropped significantly in price due to fading expectations of US interest rate cuts, which has reduced demand for gold as a safe haven asset, especially amid tensions. increased tension in the Middle East. According to chart analysis, gold is trading around $2,365 and has surpassed the short-term uptrend line. Further corrections are likely to occur when the EMA 34 and 89 meet resistance levels. Regardless, the main trend for gold is still up and we can expect a recovery once the current correction period ends.Shortby RKarinaUpdated 1
🔥GOLD WARY OF DATA RELEASE RISKSYesterday, gold fell as expected. The price showed a downward trend twice after hitting a maximum of 2395. In late trading, it fell all the way to our expected first target of 2355. The current disk shows that it has plummeted by $100 since the high of 2431, and short-term bulls are still trying to regain lost ground. However, the trend line since the 2430 upward trend has been broken below, which implies that there may be a relapse, but our trend judgment is that the bears will officially control the market. Observed from the daily chart, the price of gold has formed a K-line combination similar to the "Evening Star" near the historical high, which implies that the price of gold may have initially peaked, and we need to be wary of possible declines or deep corrections in the future. Since gold's uptrend, we have experienced multiple corrections, mostly in the form of convergence triangles. This adjustment has lasted for three trading days and is in line with expectations of range oscillation. As prices fall back under pressure near the upper track and find support at the lower track, we expect the market to continue to fluctuate within this range. Gold is currently suppressed by the 2,400 mark and has fallen sharply, indicating that there is a lot of short pressure above and showing a peaking signal in the short term. Next, we will focus on whether the decline can continue, but it is not realistic for short sellers to completely break the bull market pattern. Taking into account the continued tensions in the Middle East, gold's safe-haven buying support has been boosted, while the upward trend channel of 2268-2324 remains intact. Judging from the 1-hour trend, gold overall shows a bearish prototype of a head and shoulders top, and is just short of falling below the 2320 neckline. Once it is confirmed that it has fallen below, it will usher in a sharp correction phase. On the 30-minute chart, gold formed a head and shoulders structure. Although the rebound was slightly stronger, it did not change the adjustment pattern. Yesterday's negative line essentially marked the top, and the rebound during today's European session failed to break through the resistance near 2382, indicating that the resistance at this position is still effective. Comprehensive consideration, today's short-term gold operation advice is to focus on shorting on rebounds, supplemented by longs on callbacks. At the top, focus on the resistance range of 2380-2385, and at the bottom, focus on the support range of 2324-2330.by JackBlackwellUpdated 29
#XAUUSD | Gold - Breakout alert🔥 Timeframe: 4 hour Check the below trade Above 2381 Target 2432 Stoploss 2361 Front Month Comex Gold for April delivery gained $10.60 per troy ounce, or 0.45%(rounded) to $2382.30 todayLongby Shalvisharma53
Update the latest gold price today!Gold prices continued to rise today due to increased demand for safe-haven assets amid escalating tensions between Iran and Israel. This has prompted investors to flock to the gold and USD markets to protect their assets. Precious metals are on the rise even as US economic indicators and the USD index increase, raising concerns that the US Federal Reserve may postpone interest rate cuts this year. Currently, gold is trading around $2380 and maintaining a stable upward trend across most time frames. The combination of geopolitical risks and the prospect of a more accommodative monetary policy by the Federal Reserve in the second half of this year will continue to increase the attractiveness of gold as a safe-haven asset. Despite being near record highs, gold will not be sold off due to the strategic and non-price-sensitive nature of central bank gold acquisitions, which reassures investors about its upward trajectory.by RKarinaUpdated 1
Gold's rise is weak or will fall backFrom the daily chart of gold, a K-line combination similar to the "evening star" appeared near the historical high, suggesting that the gold price has initially peaked, and we need to beware of the possibility of a decline or a deep correction in the market outlook. Since gold showed an uptrend pattern, we have experienced multiple corrections. Most adjustments appear in the form of convergent triangle oscillations, showing repetitive characteristics. This adjustment has lasted for three trading days and is in line with expectations of range oscillation. As prices retreat under pressure near the upper track and find support after hitting the lower track, we expect the market to continue to fluctuate within this range. In today's gold operation, it is recommended to focus on short selling at high levels. Focus on the resistance range of 2385-2395 at the top. If the price rebounds to this range, you can sell and open a position. Take profit at the bottom to see 2360-2350. I will update based on real-time trends, so please pay attention.Shortby winner-2004Updated 1135