XAUUSD 6 - 10 May 2024Dear friends, On the daily chart gold closed with a doji candle and this could be a sign that on Monday we see a following red candle. We see that gold is getting a lot of support between 2290 and 2280.If the price closes below these levels we can look for prices around 2264/2254 and maybe even 2240 and after that 2220 but 2264 look more achievable for this week and maybe even 2254. I personally think this week will be bearish and in this case we will be active from 2296 but the best zone to sell will be after 2284. The critical levels are 2284 - 2271 - 2264 - 2250 and 2238. In a bullish case we will be active from 2306 (high risk) the best zone to buy is above 2310. The critical levels are 2310 - 2318 - 2320 - 2326 - 2336/38 - 2350/52 - 2371 and 2384. 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! Shortby TheDutchGoldTradeHubUpdated 114
Gold suddenly turned down!"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite weaker-than-expected US employment reports in April. This could drag the precious metal lower. At the end of Wednesday, Philip Jefferson, Susan Collins, and Lisa Cook of the Federal Reserve will speak. Hawkish comments from Fed policymakers may lift the greenback and exert pressure on gold priced in USD. Gold traders will monitor consumer sentiment indices from the University of Michigan on Friday." Shortby RKarinaUpdated 49
Gold - prediction - longGold price is getting higher everyday. Here is the prediction of gold price in upcoming days. If price closes above 2375 in monthly candle, the chance of price to reach targets 2550 and 2700 is higher. If price closes below 2250 there is some chance it can go upto support 2100 and goes up. Anyway longterm trend is up. So it is wise to wait and Watch.by krishscorp1
XAUUSD technical analysisWhen gold 2350 break out up, next target 2400 & gold break out below 2277 next target 2221 Now few week play the game range between 2330 to 2286 But just my opinion gold it’s bullish. by zestshowoff12
15M resistance 15 resistance area.so sell sl maintain. Happy trading. Support resistance bass trading plan.Shortby Tamiltry1
Gold wait for our targetAs we can see market is sideways but in downward movementum , making lower lows and lower highs . We should keep patience until we hit sl or target. Keep connected with us 🫶 Shortby Traders-community0
XAUUSDHello all dear traders! Gold price today decreased by 15 USD compared to last night's highest price of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September. Although prices are pressured by the interest rate outlook. But! The upside for gold, especially related to geopolitical risks and potential tensions in the banking system, is strong enough to support the precious metal.by RKarinaUpdated 18
15 resistance 15 m resistance area. Sl maintain trading. Support resistance bass trading Shortby Tamiltry2
Gold keeps buyers in game despite recent inaction, $2,338 eyedGold price lacks bullish momentum despite staying positive on a weekly basis, after a two-week downtrend. While bearish MACD signals and a steady RSI (14) line suggest a continuation of the metal’s recent sideways performance, a one-month-old falling wedge bullish chart formation keeps the buyers hopeful. It’s worth noting that the 21-SMA resistance of $2,338 will act as an extra filter toward the north, in addition to the stated wedge’s upper line surrounding $2,322. Following that, the quote’s run-up toward the $2,400 threshold and then to the latest peak of around $2,431 can’t be ruled out. In a case where the XAUUSD remains firmer past $2,431, the bullion buyers can aim for the theoretical target of falling wedge confirmation, close to $2,480 in this case. On the flip side, the $2,300 round figure and $2,285 restrict the short-term downside of the Gold price ahead of the aforementioned wedge’s bottom line, near $2,275 by the press time. Should the precious metal drop beneath the $2,275 support, it defies the bullish chart formation and can direct the XAUUSD sellers toward the 50-SMA support of $2,251. It’s worth mentioning, however, that the buyers should remain hopeful of witnessing a corrective bounce, even during the gradual fall, unless the quote breaks an ascending trend line support stretched from the mid-February, around $2,219 as we write. Overall, the Gold price is likely to reverse the previous losses but a sustained upside clearance of $2,338 is a must for bulls to retake control.by MTradingGlobal2
Gold buying triggered entry open MCX:GOLD1! Gold tp1 2329 Gold Tp2 2335 We looking for buying gold at lord emperor...let's rockLongby Lord_Emperor1
GOLD at 2311 , critical position Gold is hanging below support and continuously testing the resistance zone at 2322-2326 ..we need to see how people and market react ..Longby Lord_Emperor113
How is gold price traded today?Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see that gold has broken out of the price range and surpassed the trend line, signaling a new uptrend. Support at $2310 has been established, with a current target of $2350 - $2360 in the near future if gold maintains its bullish momentum in the current economic and market conditions!Longby RKarinaUpdated 60
XAUUSDWorld gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360 USD/ounce and if this threshold is broken, gold could quickly climb to 2,400 USD/ounce. If gold enters a downtrend, the first support level is 2,280 USD/ounce.by RKarinaUpdated 13
🔥GOLD TREND ANALYSIS NEXT WEEK💲 Spot gold continued to show an adjustment trend this week due to factors such as profit-taking by bulls and the dissipation of geopolitical risks. The market price continued to fall, reaching the lowest level of 2277.18. Although the closely watched non-agricultural data was bullish for gold, the boost to gold's performance was limited. The price of gold shot up to 2320 and then fell back, finally closing at around 2300. The weekly line once again showed a negative line, and the trend continued to adjust. Judging from the weekly rhythm, the rising wave that started at $1,810 continued to maintain the rhythm of three positives and one adjustment until it approached the $2,400 mark, forming a short squeeze and rising, with five consecutive positives. However, after the consecutive positives, the adjustment pattern cycle did not change. The correction began with five consecutive positives at the high of $2,431, followed by double negatives. Therefore, we may expect a positive line next week. In the short term, on the four-hour market, the obvious pressure position is at the 2400 integer mark. Although it hit the 2400 mark many times, it failed to form an effective breakthrough. Instead, there was a downward adjustment, that is, it stepped back to accumulate strength. If 2400 to 2292 is regarded as the first wave downward revision, then 2252 to 2282 can be regarded as the third wave downward revision. According to the characteristics of the correction wave, with 2327 as the high point and combined with the double bottom position of 2267, there is a high probability that the correction low point will be completed at the 2267 line. In terms of specific operations, the third wave downward revision has not yet ended. It is recommended to go short at a high level next week and then consider going long after the price retreats to $2267. At the beginning of the week, focus on the suppression of 2310. At the bottom, focus on the 2292, 2282 and 2267 positions. Pay special attention to the opportunity of the 2267 line touching, so as to launch a backhand multi-order layout, and around the completion of the correction, we are optimistic about the return of the bulls. On the whole, gold's short-term operation next week will mainly focus on callback long orders, supplemented by rebound short orders. The top focus will be on the 2308-2310 resistance range, and the bottom focus will be on the 2265-2267 support range.by JackBlackwellUpdated 33167
🔥GOLD TRADING STRATEGIES✅Judging from the daily structure, gold's two-week correction is still in the midst of a bullish correction. The golden section 0.382 support below is located near 2260. As long as it remains above 2260, the bullish pattern will remain strong. From a morphological point of view, gold's recent correction has completed two waves of adjustment: the first wave was corrected from 2431 to 2324, and the second wave was corrected from 2417 to 2291. It is currently in the third wave, adjusting downward from 2352, with the lowest point being 2277. The adjustment amplitude in the first two waves exceeded $100, so the adjustment amplitude in the third wave has obviously not been reached yet. Taking into account the golden section and the double bottom rising level, this decline is likely to complete the correction near 2267. Therefore, there is still the possibility that gold will continue to fall in the short term. Today, gold continued to rise after hitting bottom, breaking through the suppression of the 10-day moving average of 2317. If the closing price is still below the 10-day moving average, the short-term correction will remain weak, and the bearish trend may continue tomorrow. On the contrary, if the closing position is above the 10-day moving average, the short-term trend will change, and a bullish rebound on dips should be considered to test the middle rail and channel counter-pressure points. At present, the 4-hour chart has touched the 60-day moving average, and we need to pay attention to its effectiveness. The annual moving average support has moved up to the 2270 line. The key point today is the first-line resistance of 2330, which is the turning point of weak correction and the opening of the last wave of suppression. If 2330 is broken through, it may turn into a short-term long position. On the contrary, if 2330 is suppressed and returns below 2316, there may be repeated shocks. Taken together, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the 2328-2330 resistance range, and the bottom short-term focus is on the 2292-2295 support range.by JackBlackwellUpdated 1
GOLD NEXT MOVE (bulls are in under pressure) (29-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-04-2024) Current price- 2336 "if Price stay below 2348, then next target is 2324 and 2312 and above that 2360. -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.Shortby AnupZiddiUpdated 121291
Update the latest gold price today!Hello dear traders Today let's explore the price of gold together! Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day. In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point. Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday. We will continually compile and update all of this information. Stay tuned for the latest updates!by RKarinaUpdated 37
XAUUSD : SELL , short GoldAs i predictrd previously about gold . This could be also my best prediction as risk to rewad ratio is very high in this trade. We can see huge downward movementum at tis level.Shortby Traders-community2
GOLD NEXT MOVE (Bull are in dominance) (26-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (26-04-2024) Current price- 2342 "if Price stay above 2324, then next target is 2355 and 2370 and below that 2310. -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 121277
gold spot or mcx update blw edu pur.gold spot stya blw 2311 looks dwn fall till 2300-2295 or blw 2290 mega bear mode open till 2260 in mcx 71000 blw bear hand only gold may be soon 70200-69000 if no close abv 71500 at weekly time frameby kailashcfa33Updated 1
#XAUUSD Has Already Acquuired Big Liquidity For NFP Data As expected, the market movers executed a well-coordinated setup to clear out sellers who had entered short positions below 2300. This move triggered stop losses for sellers. Subsequently, after reaching 2320, many buyers entered the market anticipating a further rise towards 2350. However, the market makers took advantage of this, triggering stop losses for both buyers and sellers, thus achieving the necessary liquidity for a significant movement ahead of tomorrow's NFP. I anticipate that during the NFP release, we may witness a move towards 2200-2180 if we observe another H4 closing below 2290. Once We Get H1/H4 Closing Below 2295 We Can Sell Till 2286-2280 with Sl around 2305 .If H4 Closes Below 2290 Than It Will Confirm Our Bearish Trend And We Can Expect 2260-2200.Shortby MrKTechnicalLevelsUpdated 4
he gold showing a good up moveITS MY PERSONAL STRATEGY The gold showing a good UPMOVEE Having a good potential There is nothing to doubt It have a great surety of UP MOVE Due to these reason 1.It have GOOD SUPPORT without any confusing chat 2. It have clear entry and Tp point 3. Sellers seems heavy due to volumeLongby tradergyan01Updated 1