XAUUSD gold 06-04-2024this week is gold is huge buying pressure acting next week small retrice and continew buy acting 2293.72 level is very importent 2267 level breake chance to down side reation by mindmonk2
Xau minor pullback or direct to 2350 in my perception xau still om bullish mood, i expect newxtweek have minor pullback before continuing rally to reach 2350 Longby yyusrizal1
Pay attention to whether gold can hit new highsYesterday, the price of gold hit a new high again after falling back, but it was only about $1 higher than the previous high, and then turned around and fell. Today's lowest point reached around $2,267, and it is currently in the rebound and upward stage. The current resistance level of 2265-2270 US dollars has not yet been breached. The main focus is on whether prices can reach new highs again. If the price encounters strong resistance near $2,305 again, it may enter a volatile market next. Today's US non-farm payrolls report has not yet been released. Just now, the U.S. Bureau of Labor Statistics: Total non-farm employment increased by 303,000 in March, which is higher than the average monthly increase of 231,000 over the past 12 months. This news is not conducive to the continued rise of gold and may cause gold to fall in the short term. Trading Strategy: If the price does not fall below $2,265, remain bullish. The overall trading idea is still to go long at the support level. The main focus now is on the resistance range of $2265-2270. If the price falls back to the resistance range of 2265-2270 US dollars, you can continue to open long orders. The expected take-profit price above is in the range of 2290-2300 US dollars. If the price falls below $2,265, the decline will continue in the short term.Longby winner-2004Updated 64
XAUUSD - SMALL RISK FOR HUGE REWARD ?XAUUSD currently trading at 2292 Shorting XAUUSD at CMP with 2320 SL. Target would be 2230 - 2200 - 2180 Expecting a fall soon! Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_officialUpdated 9
XAUUSDThe departure from the upward trend channel has led this product into a significant price decline. It is currently trading below the resistance levels of 2285 and 2290. A strong downward trend was established after taking profits at the $2305 mark, with stable trading activity observed on the 1-hour chart. Given these observations, it wouldn't be surprising to anticipate further price drops after testing the aforementioned resistance levels (as illustrated on the 2-hour chart), with an expected decrease to $2.248. If you find this post insightful and valuable, don't forget to leave a like and share your thoughts. It would make me extremely happy.Shortby RKarina25
"In a world of uncertainties, gold remains a timeless anchor"After facing rejection four times at the @2080 price level over a span of 1302 days, there's a compelling possibility of a breakout. Each rejection indicates a significant resistance point, but the frequency of attempts suggests growing pressure for a potential breakout.Longby Aayush_RaghuwanshiUpdated 3312
XAUUSD: Setting new highs!Today's gold price gently adjusted, from $2,300 to $2,272, reflecting volatility but not eclipsing the long-term growth trend. In the face of inflationary pressure and positive economic data, the Fed may continue its strict monetary policy. However, policy flexibility is still the driving force behind gold prices, along with pressure from the national debt, creating a solid foundation for price increases. Gold, therefore, is still an attractive investment channel, resistant to inflation and instability. From a technical perspective: price is still well supported by EMA 34.89. It is expected that the price will recover after the correction and retest the EMA 34.89.Longby RKarinaUpdated 16
XAUUSD 1H SELL PROJECTION 05.04.24Reason Behind SELL 1.Breaked Support @ashoksharma_2285 2.Immediate Support @ 2280 Which Entry Point 3. Formed Three white soldiers 4. Retesing Yesterday Low Overll Possible Outcomes GOLD SELL 2279.20 SL 2290.15 TP 2252.00 Shortby kripsonfx971
XAUSUD is ready🚀XAUUSD Which is showing a great opportunity XAUUSD is ready to breakout. what is your view please comment it down. 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 ChartSight4
Gold price extends pullback from record high ahead of US NFPAfter rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high and closed in the red. That said, the precious metal’s retreat remains intact early Friday as the US Dollar pares weekly losses ahead of the key US employment data, mainly the Nonfarm Payrolls (NFP). Technically, the XAUUSD justified overbought RSI conditions and sluggish MACD signals to ease from the record high. This suggests brighter chances of the bullion’s further pullback toward a one-month-old previous resistance line, close to $2,258 by the press time. However, the quote’s downside past $2,258 appears difficult as an ascending trend line from late February challenges the bears around $2,220. Even if the commodity price manages to break the $2,220 support line, the $2,200 threshold and a four-month-old horizontal region surrounding $2,141-50 will be tough nuts to crack for the bears before taking control. On the flip side, the Gold price rebound needs validation from the $2,300 threshold and downbeat prints from the US employment data. Following that, an upward-sloping resistance line from March 21, close to $2,313, will restrict further advances of the XAUUSD. It should be noted that the quote’s sustained run-up beyond $2,313 enables it to aim for the 78.6% and the 100% Fibonacci Extension (FE) levels of its February-March moves, near $2,345 and $2,398 respectively. Following that, the $2,400 will act as the final defense of the sellers. Overall, the Gold price remains bullish beyond $2,141 but a short-term pullback can’t be ruled out unless today’s US jobs report disappoints the US Dollar bulls.by MTradingGlobal2
GOLD - ready NEW MAXIMUM?!We had a volatile day yesterday, with gold prices skyrocketing from 2275 to a new peak of 2305. Today continues to be an important day with news that could trigger a price correction. While gold is not typically a top choice for technical analysis, it is currently approaching the top of the price channel. However, we also know that gold is always a sought-after asset for investment and storage, continuing to drive prices up. So I set my next target for gold at the new price level - 2320. Please share your thoughts or opinions, I always look forward to hearing from you.Longby RKarinaUpdated 54
Technically, gold will continue to riseOn April 4, gold was correcting its recent extreme overbought conditions. The 4-hour chart showed that technical indicators fell sharply, almost vertically downward, but still well above the midline. The highs and retracements have not changed gold's original bullish technical barriers. The large structure does not require too much analysis at present, and it is a relatively obvious bullish trend. Not to mention the previous increase in the monthly K line, the physical Dayang K in March is enough to support gold's certain increase in April. Week K also rose by 100+ US dollars starting from 2146 after the weekly red three soldiers, and there is currently no sign of retreat. At this stage, the small cycle operation of hourly and four-hour lines cannot judge the effective resistance above. Without significant bad news or a rapid decline caused by a large number of selling, gold will still be mainly long. Looking at the 60-minute chart, the 20-day moving average and the 50-day moving average extend upward in parallel, and the MACD indicator is also well above the 0 axis, indicating that it is still in a strong upward stage. Unless there is major news that is not conducive to the rise, the rise will continue. The first support level is seen near $2,288. If the price falls back to $2,285-2,288, you can go short and long. Highs above are expected to be around $2,315. If the price falls below $2,280, the price may then fluctuate in the range of $2,265-2,288. But as long as the price touches around $2,165, you can still go long.Longby winner-2004Updated 41
xauusd looking for sellas per price action price has been taken yesterday high liquidity . now going to test low level 2266 is our ideal target. price action also our favour and As per smc fvg and orderblock also filled......Shortby TheMoneyOcean2
BECAREFULL WITH GOLDMarket still round 2193 to 2203 Wait today...today Unemployment and Final GDP NEWS If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300 If market cross & CLOSE BELOW 2145 it will be RED ROSE... then NEXT buy zones will be 2038-2025 1995-1973 1948-1931 1829-1811 Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN ... SO 60%SELL AND 40% BUYING Sell Flip Zone 2203-2209 EURUSD,GBPUSD,NZDUSD,AUDUSD starts falls so GOLD also will FALL soon... Low equity members avoid trade today... Use small lot max 0.01- 0.03 and 6-7 orders SELL @ 1st sell zone 2198-2200 2nd sell zone 2203-2207 Sl 2213 Tp 2193 Tp 2186 Tp 2176 Tp 2160 Tp 2148 Tp 2038 Tp 1950 Tp 1840 Buy stop @2212.8 x2lot size of sell total order Tp 2221 Tp 2238 Tp 2270 Tp 2300 or avoid trade today NOTES: EDUCATIONAL PURPOSEby FIVE_WOLVESUpdated 5
Gold continues to increase strongly!Hello, my notable friends! Today, the price of gold has seen an impressive increase, with spot gold rising by $29.9 to $2,281 per ounce. This significant surge on April 2nd, according to US time, has been driven by the relentless demand for a safe haven amidst escalating tensions in the Middle East. The gold market continues to defy the strength of the US dollar and predictions of interest rate cuts in the US, consistently setting new records. Furthermore, strong demand from retail investors and global central banks also play a crucial role in extending the upward momentum of this precious metal. Considering these factors, a target of $2,300 for gold seems not only feasible but highly likely!Longby RKarinaUpdated 4452
Gold continues to discover new peaks!Today, gold continued to impress, surpassing the $2,300 mark, a significant achievement even as the US dollar and bond yields both increased pressure. The shortage of gold supply, thanks to central banks around the world actively stockpiling and strong interest from hedge funds, has pushed gold prices to new highs. From a technical perspective, gold continues to show outstanding strength, stabilizing above the EMA 34 and 89 and showing an upward trend in price over many time frames. Based on this solid support and technical analysis, gold is forecast to continue rising, with the next target being the Fibonacci level of 2460 USD. For those investing in gold, this promising adventure is just beginning.Longby RKarinaUpdated 16
XAUUSD gold: next phase of bull market??not just on weekly basis.. but gold has broken monthly trendline resistance. it has formed cup n handle pattern .. which further coincides with trendline breakout.. the target zone for gold is 3000-3100 USD in few months.. but it has entered into a strong bull phase.. by vinayj2812
XAUUSD ready for $2500??gold has broken weekly resistance area comprehensively by forming inverted head and shoulder.. and it seems ready to test $2500.. so its better to enter in buying with some retracement and on immediate support area.. by vinayj2813
GOLD GOOD FALL DETECTEDGold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure breakout then grab it Follows for more SURESHOOT tradeing setup Gold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure breakout then grab itShortby tradergyan012
XAU/USD Bullish trend might endBullish trend might reverse into bearish trend and maybe some profit bookingsShortby ritam_007446
Gold will hit $2,300On April 3, gold surged to hit 2300? The factors why such a surge mainly stems from three aspects: First, the market expects the Federal Reserve to cut interest rates. We have repeatedly emphasized in the past that it is only a matter of time before the Federal Reserve cuts interest rates. This is also the main driving force for the market to continue to be bullish on gold. Even if there is news in the short-term market that is not conducive to interest rate cuts, it is only a short-term behavior and does not hinder the bullishness in the medium and long term. This bullish factor continues, so gold's rise to 2300 may be a small target in the future. In the medium and long term, it is possible for gold to rise to 2400-2500 before and after the Federal Reserve interest rate decision in June. The second is the influence of geopolitical factors. Recent incidents related to the Russia-Ukraine war and the situation in the Middle East have occurred frequently, and there are conditions and possibilities for escalation. Under such global risk challenges, the demand for gold as a safe haven has been continuously strengthened. , combined with the first point above, geopolitical factors have undoubtedly accelerated the bullish sentiment of gold, which is already bullish in the medium and long term. Third, although the U.S. dollar is currently strong, this strength is difficult to maintain and is not recognized by the market. After all, there are always expectations for the Federal Reserve to cut interest rates, so it is difficult for the U.S. dollar to remain strong for a long time, and the U.S. dollar index itself is also technically at a high level. status, and judging from the recent linkage between the U.S. Index and gold, once the U.S. Index drops, gold will follow the U.S. Index to rise in the opposite direction, and it is unlikely that the U.S. Index will be stronger, which will lead to There is not much room for gold to adjust. In short, the demand for adjustments in the US index's future technology will also bring bullish momentum to gold. Returning to the current market, the daily line has been positive for 6 consecutive times, the overall rising structure remains good, and the indicator rising structure remains good. In the 4-hour chart, the stochastic indicator golden cross is upward, the main bull is running upward, and the shape is also a continuous broken sun oscillating upward. From any technical point of view, it is bullish, and the retracement is bullish. On the whole, it is recommended to buy long positions after the pullback in gold operation today. The upper resistance level focuses on the resistance in the 2290-2300 range, and the short-term support below focuses on the 2250-2265 range. If the price falls back to the 2250-2265 range, you can go long.The expected take-profit price above is in the range of 2290-2300 US dollarsLongby winner-2004Updated 39
shortthis is taking resistant in previous rejection area hence we can expect a fall from cmp till the previous level of supportShortby Magesh1510-11Updated 0
XAUUSDOh my goodness, everyone! You won't believe how gold has been shining like a diamond lately! On Wednesday, for the seventh consecutive day, gold (XAU/USD) reached an all-time high of around $2,282. Isn't that incredible? With all the drama unfolding - from the heartbreaking conflict between Russia and Ukraine to the simmering tensions in the Middle East, not to mention the devastating earthquake in Taiwan - it's no surprise that gold has become a safe haven for anyone seeking refuge. Just like when the stock market feels like a roller coaster ride, gold becomes our calm in the storm. And guess what? The US dollar (USD) decided to take a little nap, which only added to the allure of gold. It seems like the speculators betting against the Fed's interest rate cuts are throwing all the drama aside, making gold even more enticing. With this fascinating backdrop, it's quite clear that the path of least resistance for gold is upwards. So, will the price decrease slightly? I say this is a fantastic buying opportunity for XAUUSD. Let's admire those golden moments together!Longby RKarinaUpdated 24