SELLING ZONE PERFECTLY WORK ON GOLDThere will be a big SELL move after the retest. Following the retest, I am looking to SELL gold and am waiting for confirmation within a shorter period of timeShortby Knickk111
Update the latest gold price today!Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA Confirmation: The bearish outlook is further supported by gold trading below the 34 EMA and 89 EMA. Price Target: The next important level to watch is $2300, which remains the desired target in this downtrend. What do you think about gold's movement? Are you expecting the next decline or do you see a potential turnaround? Let's discuss!Shortby Hamed-ForexTradingUpdated 36
XAUUSD 20-6-2024Hello Traders, Today morning price went up and able to sustain above the level, i am very bullish on gold and will try to plan LONG only untill prices stays above 2336. next target - 1. 2354.62 2. 2379 3. 2386.97 and i will plan my short if price comes down to 2332.30 and takes the liquidity from the upside. like a fakeout. all the levels are mentioned in chart Thank you for all your support NOTE : Not a finance advice. Longby BitcoinWorldYt1
Gold braces for consecutive second weekly gain, focus on $2,390Gold price seesaws at the highest level in a fortnight early Friday, after rising the most in five weeks the previous day. That said, a successful breakout of the 50-SMA and a downward-sloping resistance line from May 20 backed the precious metal’s run-up on Thursday. Apart from that, upbeat RSI and bullish MACD signals also keep the XAUUSD buyers hopeful of witnessing the second consecutive weekly gain. With this, a two-month-old horizontal resistance area surrounding $2,390 gains major attention, a break of which will allow bulls to aim for the $2,400 and the $2,410 levels ahead of challenging the record high of around $2,450. Meanwhile, a convergence of the 50-SMA and aforementioned trend line stretched from May, close to $2,344 at the latest, appears the key support to watch during the Gold price decline. Following that, the $2,300 threshold and an 11-week-long rising support line of near $2,293 will be the last defense of the XAUUSD buyers. It’s worth noting that the monthly of $2,286 and May’s low surrounding $2,277 will act as additional downside filters before giving control to the bears. To sum up, the Gold buyers are well in control but the upside room appears limited.by MTradingGlobal1
XAUUSD on June 20, 2024 after bank holiday Today will be announced the number of applications for unemployment benefits. This index will tell us how the current economic situation is affected by the Fed's policy on interest rates. If these indexes decrease, it will tell us that the Fed's recent policies have not had a large impact on the economic situation, which will create conditions for the Fed to maintain its hawkish policy and then the USD will increase. and XAU will decrease If this policy increases compared to the previous period, this signals that the Fed's policies are negatively impacting the economy, affecting all classes of people, creating pressure for the Fed to relax interest rates in the future. in the near future and this will cause the USD to decrease and XAU to increase. Price broke out of the triangle wedge this morning with a strong candle. So we are leaning towards the ABC correction model - So the price target of wave C as last time we measured at 2 price zones 2350 and 2365 price zone. - After the price reaches this target, the price will continue to trend down to complete the large wave C in the D1 time frame. - Our current trading plan is to wait until the wave C target at 2350 or 2364 to find a selling point or we can go to smaller time frames for scalping trading.Shortby DEEKOPUpdated 1
XAUUSD - Gold prices increased slightly at the end of the week⏩XAUUSD news to pay attention to this week are: Unemployment Claims, Retail Sales m/month, Unemployment Claims, PMI.... This week, the gold market is expected to be quiet without important economic data. Investor concerns will turn to developments and interest rate decisions of major central banks in Europe, including the Swiss Central Bank and the Bank of England. 🔴SELL GOLD: 2338 - 2342, SL: 2346 🟢BUY GOLD: 2308 - 2305, SL: 2301 ⛔️Breakout: 📈 Breakout on: 2340 📉 Breakout below: 2312 🔼Support: 2312 - 2305 - 2291 🔽Resistance: 2338 - 2340 Everyone, let's have the information to have a plan to safely evaluate the market. Wishing everyone a lucky new week Shortby Scalper_Ananda2
Gold bullish setupGold seems to continue its bullish move after a short retracement , Technically , its tapping weekly fvg , and showing minor bullish movement over there , Give us oppertunity to build a bullish trade Longby fuzailx2
Plan trading gold 19/6/2024Plan trading gold 19/6/2024 Zone Buy 2319 2303 2294 Zone Sell 2332 2355 2377 by Stevepham101
XAUUSD: INSTITUTIONAL ANALYSIS1. IN the 1 HOUR and 4 HOUR time frame the price has been making lower lows and lowers highs, which indicates bearish nature. 2. The market is currently making a pullback, a counter trend 3. So possible short entries are around the areas of imbalance and the bearish orderblock 4. Only make the entry after a 15 min change of character which is the confirmation of our analysis and trend Have a profitable Trading !Shortby VitalismTraders2
XAUUSD GOLD This trade is risky as it is against the trend but the market may correct up after hunting down MondayLongby imtiyazhakeem3351
XAUUSD/GOLD Buy Projection|Morubozu+ Bullish Engulfing + Double XAUUSD/GOLD Buy Projection| Morubozu+ Bullish Engulfing + Double Bottom Longby kripsonfx972
Gold price today: Recover more than 100 pipsHello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart, I’ve observed that gold has rebounded over 140 pips. It seems to be targeting the $2323 level, with the next resistance around $2338. That's my take. What about you? Do you think gold can reach these targets, or will it pull back again? Let me know your thoughts in the comments!by Hamed-ForexTradingUpdated 3317
Xauusd after a series of important news from the Fed Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index, has increased sharply in the recent period, which is the motivation for the Fed to keep the current interest rate at 5.9%. This is the reason why PPI news, although beneficial for Gold, cannot last long. Look at H1 - We are having the idea of an abc correction model. In which we expect wave c to complete - In front of us we have 2 important price zones: 2307 and 2287, these are 2 price zones that help us determine the direction of the price. - If the price breaks out at 2307, this is a necessary condition for the orange wave c to complete. Then we have 2 target price zones of wave c: 2350.4 and 2364.6. These are 2 areas where we can look for Sell orders - If the price breaks out below 2287, this is a necessary condition for the price to fall to the target zone of wave 5, which is 2264. This is the area where we look for a Buy order.Longby DEEKOPUpdated 3
XAUUSD It will be right to buy gold, if we get confirmation in 1 minute, then we will buy it, otherwise we will wait for the right direction Longby imtiyazhakeem335223
SELL XAUUSDIn my opinion, I am looking to sell , which is a strong SUPPLY ZONE and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.Shortby KnickkUpdated 1
Gold bearish below 2315 and bullish above 2315 mostly consolidatGood Morning Traders, Till the time gold is moving below 2315 we can see more low levels 2295 2285 and 2280. If Gold will break 2315 and sustain above then only we can see 2324 2330 and 2338 Our preference is buy from Dip and sell from top Plan accordingly, Happy Trading😉Shortby vikasvasusharma1
XAUUSD ANALYSIS OVER H1 CHART.Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification. On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then break over the 3/8 (2375.00) level, continuing to rise to the 4/8 (2500.00) resistance level. This scenario might be nullified by a rebound from the 2/8 (2250.00) level, which could result in a slide to the 1/8 (2125.00) level. A breakthrough over the top line of the VoltyChannel on M15 will raise the likelihood of a price hike. Looking for buying opportunities in it.Longby charliedavies7704
GOLD NEXT MOVE (waiting for the perfect entry) (04-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (04-06-2024) Current price- 2334 "if Price stay below 2356, then next target is 2320 and 2314 and above that 2365. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 2268
GOLD NEXT MOVE (waiting for the perfect entry) (06-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (06-06-2024) Current price- 2358 "if Price stay above 2338, then next target is 2370 and 2380 and below that 2330. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.by AnupZiddiUpdated 4474
Xauusd Important Levels BreakoutHey Family, XAUUSD is showing a great opportunity and forming Symmetrical triangle Pattern, let's see breakout sustain or not. what is your view please comment it down and also boost the idea this help to motivate us for sharing more idea. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.by ChartSight7
Gold price today: Costed the price of 2300 USDThe current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting monetary policy decisions from the US Federal Reserve (Fed) this week. It is forecast that the Fed can keep or cut interest rates that weaken the dollar, creating favorable conditions for the increase in gold prices -Safety and investment bridge: Gold benefits from the role of safe shelter in the context of economic and financial instability. With concerns about global economic growth and fluctuations in the stock market, investors are looking for gold as a safe investment option. Forecast in the short term, gold prices are likely to maintain an increase trend if the support factors such as the dollar weakened and the bond yields decreased. From the technical analysis: Currently, the latest support threshold of gold is about 2310 - 2315 USD/ounce. Strong resistance threshold is determined at 2,385 USD/ounce. The breaking of this resistance threshold can bring gold to higher levels in the coming timeby Hamed-ForexTradingUpdated 16
Update gold prices every day of the weekFundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices. On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter. On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market. There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt. Plan to trade on June 10 👨💻 XAUUSD SELL zone 2335 - 2337 🔹SL 2340 🔹TP 2330 - 2320 - 2310 In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️ Wishing you Full CityShortby Hamed-ForexTradingUpdated 2227