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
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
Update the latest gold price today!Hello everyone, today we will learn about the gold market to determine whether this is the right time to buy or sell. Starting with the current gold price chart, we see that the gold price has increased by more than 6 USD, currently sitting at around 2131 USD. Even so, there haven't been any significant breakthroughs. Gold prices remain stable around 2,305 USD, and the market is waiting for new information to be announced later in the day to have a clearer view. There are two important events that will affect the USD exchange rate: Claim unemployment benefits Auction of 30-year US bonds Outlook Analysis: On the 1-hour chart, gold appears to be in the process of consolidating and moving sideways. Because the Bollinger Bands index shows no major changes affecting the current trend, we can expect gold prices to not change much until important news is announced. Careful observation and attention will be the key to determining the right time to trade. Gold is expected to fluctuate between 2328 - 2305 USD until the end of the day.by RKarina21
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 zestshowoff8
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