XAUUSD likely to move upwardbullish engulfing happened at 15 min low and hence the market might be upward trend. It is expected to move upto either 15 min high or all time high.Longby mathavango0
XauusdThere is. An news at 6:00 Indian time and it's definitely buy as per my analysis Longby nikhilharake3691
GOLD BEARISH TRADE #XAUUSDCurrently Gold is in a reversal trend from Bullish to bearish. above marked top supply zone can be a good level to short by following proper stop loss and money management. From this Top, we may return to 2310-1320 levels. Shortby prem0970
GOLD Bearish MomemtumGold may make some bearish momentum below 2333.806 Set SELL STOP at 2333.806 with SL 2336.300 & TP 2325.556Shortby AadityaArya112
Update the latest gold price todayGold prices plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations. Inflation in March increased by 0.4%, exceeding the forecast of 0.3%, putting the Federal Reserve (Fed) in a difficult position in making future monetary policy decisions. Inflation increased 0.4% in March, pushing the annual interest rate to 3.5%, signaling persistent high inflation. This situation may force the Fed to delay cutting interest rates to prevent the US economy from falling into recession, aiming for recovery in a challenging global economic context. Previously, there were strong signals that the Fed might delay raising interest rates at its May meeting, with just over a 50% chance of a rate hike at its June 12 meeting. The consequences are for gold prices. fell as the US dollar soared, benefiting from yesterday's developments.Longby RKarinaUpdated 24
GOLD SELL ❗❗❗Just sell for some days if you are a trader, If you're a investor then hold for multiyears. I am a trader so I am going to short . Reason lots of people trying to buy the gold now . This is not right time wait for some days. Because already central bankers bought at low price,but you guys hear the news late And you tend to buy ,they are going to offload now to you if you're a buyer. My thoughts only, don't scold me if not happens. Learn to trade by yourself,it will be helpful in a long term.Shortby tradbooker6
The rising momentum shows no signs of cooling down!Gold is heading towards its eighth consecutive record-breaking day, showing no signs of slowing down to provide better entry points for the upward trend. The precious metal has few indications that the price increase will be threatened, and the CPI index will be the focus of today's trading. Looking back at recent days, even the NFP couldn't weaken gold, so it's exactly what was observed last week, with the weaker US dollar truly adding more appeal to gold. Market sentiment The buyer/seller ratio is indicating dominance in buyer changes, providing a trading signal contrary to popular belief that gold may decrease in value. Technical outlook On the H4 timeframe, the upward trend is still present, but the momentum is slowing down with shorter candles and a short-term consolidation pattern. In the event that gold continues to rise, the price target of 2370-2380 USD will be of interest today, where there are many short-term sell contracts waiting to be matched.Longby RKarinaUpdated 33
🔥Gold will have major correctionsFrom a technical analysis, gold has been seriously overbought, not only on the daily and hourly charts, but also on the weekly level. In the past month or so, gold's crazy rise has been mainly based on expectations of an interest rate cut by the Federal Reserve. The trend of gold hitting new highs has caused the entire financial market to be shrouded in the strength of gold. Although this extreme emotional trend looks very strong on the surface, in actual operation it is not easy to find suitable entry opportunities, making it difficult for traders to make decisions. The daily chart continues to rise, and technically it also needs to be adjusted. At present, after the continuous high fluctuations on the 4-hour chart, the K-line has begun to show signs of gradually falling below the short-term moving average. The strength and persistence of the price rebound after touching the previous support band are not too great. In terms of short-term trends, There are signs of gradually weakening. The 1-hour chart shows a certain degree of divergence, with the K-line gradually falling below the short-term moving average, indicating that gold will continue to adjust to a certain extent in the short-term trend. Gold rebounded to around 2360 today and then quickly fell back. The rebound highs were successively lowered, indicating that the bulls began to weaken. At the same time, the United States will release heavyweight CIP data today. If the data is negative for gold, it is expected to peak in the short term, and adjustments will be carried out next. On the whole, today's short-term operation of gold is mainly short-selling on rebounds, supplemented by long-selling on callbacks. The top short-term focus is on the 2360-2365 resistance range, and the bottom short-term focus is on the 2338-2342 support range.by JackBlackwellUpdated 46
Retracement Before Next rally?OANDA:XAUUSD 2350 2360 as expected has turned out to be a Stronger selling zone. And it has been respected beautifully as of now. Retracement May continue till 2270 Zone Only Below 2270, Bearishness could intensify. Although this correction is to be treated as retracement only. Gold may bounce back even before 2270 depending on price action. Sell on rise only below 2270 Until then, Buy the dips.by DrAnandM226
GOLD short term trade setup I do TA on different assets such as BTC, Forex etc. Use the SSL (soft stop loss) close the trade only if we close the 15 minutes candle above the SL region. Shortby Tachyon-111
Gold may pull back, but bull trend remains unchangedGeopolitical risks are one of the important factors behind the recent rise in gold prices. The progress of ceasefire negotiations in Gaza, Iran's threat to the Strait of Hormuz, and the Russia-Ukraine conflict have all triggered risk aversion in the market and promoted the rise in gold prices. Investors need to continue to pay attention to developments in the geopolitical situation, as any major changes may have an impact on gold prices. Secondly, market expectations for interest rate cuts by the Federal Reserve have also supported the rise in gold prices. Today, the price of gold did not break through $2,365 and hit a new high. The price is currently in a correction, but the bullish trend remains unchanged. Next, you can pay great attention to the 2338-2345 range. If the price falls back to this range, you can go long with a light position. It is not recommended to buy with a heavy position, because it is not ruled out that the price will continue to fall. I will also update in real time according to market changes. You can always follow my strategies.Longby winner-2004Updated 54
Update the latest gold informationHello gold enthusiasts! 🌟 As the US Dollar Index cools, gold's glowing appeal persists, with today's trading keeping the precious metal at an impressive $2,345—a gain of 0.26% on the day. However, with a series of consecutive price increases, gold faces a wave of profit-taking. Even so, the metal's shine has not dimmed, fueled by three powerful undercurrents fueling its record rise: 🔹 Geopolitical currents: Ongoing conflicts in Ukraine and Gaza stir volatile waters, with the potential for spillover to other countries keeping investors and governments on high alert. In these turbulent waters, gold emerges as a sturdy lifeboat for those seeking shelter from the storm. 🔹 Central bank gold rush: World Gold Council reports show notable gains, with global central bank gold reserves increasing by 19 tonnes in February. 🔹 Inflation prevention: As the wave of inflation increases, gold's reputation as a bulwark is reinforced, against the erosion of currency value. In terms of news: This week's economic calendar tends to be brighter, all attention is focused on the US Consumer Price Index (CPI) report for March, predicted on Wednesday (April 10). ), followed by the US Producer Price Index (PPI) and weekly unemployment claims on Thursday (April 11). Longby RKarinaUpdated 40
Gold prices today continue to remain stable at a high levelThe price of gold today continues to rise, with gold reaching $2,352.5 in the early hours of the Asian session. However, it later retreated and stabilized around $2,345. The metal's upward momentum is driven by safe-haven buying amid concerns over conflicts. Meanwhile, the market is awaiting the minutes of the Federal Reserve's policy meeting and inflation data, which will be released later in the day, to find further clues about the future interest rate trajectory in the United States. The Consumer Price Index (CPI) for March is expected to increase by 3.4% compared to the same period last year. The core CPI is up 3.7% annually. As a result, CPI data could create volatility in the gold market, and technical buying momentum will continue unless the CPI data is much hotter than expected. A lower inflation report could push gold to touch $2,400 per ounce and vice versa.Longby RKarinaUpdated 1139
RSI divergence prods gold bulls, US inflation, Fed Minutes eyedGold price makes rounds to the record top early Wednesday as market players await the all-important US Consumer Price Index (CPI) and Minutes of the latest Federal Reserve (Fed) monetary policy meeting. Apart from the pre-data anxiety, a bearish RSI divergence on the four-hour chart also challenges the XAUUSD buyers. That said, the lower low in the RSI (14) line contrasts with the higher high in the bullion prices to portray the bearish divergence and tease the sellers. However, a week-long bullish trend channel, currently between $2,314 and $2,375, restricts the precious metal’s short-term moves. Even if the prices drop beneath the $2,314 support, the bears need validation from the $2,300 threshold and convergence of the 100-bar Exponential Moving Average (EMA) and a 1.5-month-old rising trend line, close to $2,245-42, to retake control. Meanwhile, a fresh upside in the Gold price could aim for the stated bullish channel’s top line, around $2,375 at the latest. Following that, the 100% Fibonacci Extension (FE) of the quote’s February-March moves, near $2,398, will precede the $2,400 threshold to lure the XAUUSD buyers. It’s worth noting that the precious metal’s advances past $2,400 won’t hesitate to aim for the $2,500 psychological magnet. Overall, the Gold buyers are running out of steam ahead of this week’s top-tier data/events.by MTradingGlobal2
Gold - How to trade It is in crucial stage and seems to be moving higher high. Red line is the stop loss, Buy above green line and White line is the target. Disclaimer: I am not a registered analyst with any of the National/International agency and it is only for educational purpose. Please consult your financial advisor before making any decision. Thank youby rekhi5672
Gold will continue to rise after correctionThe bullish trend of gold is obvious. In the current global environment, the factors driving the rise of gold prices have gone beyond a single decision to increase or decrease interest rates on the US dollar. The global political situation is turbulent, the economy continues to slump, and the conflict between Russia and Ukraine has fallen into a long-term tug of war with no signs of stopping and is likely to escalate. Tensions between the United States and Russia have even spread to the Middle East, with Israel and Iran on the verge of war. Behind all this, the United States' global intervention and strategy of accelerating the dollar's harvest of the global economy are prompting funds to flow back to the United States, thereby hollowing out the global economy. At the same time, the United States used the huge additional issuance of U.S. dollars to buy global core assets. In such a competition between global powers, gold has become increasingly important and has become the first choice for safe-haven assets. Therefore, we have reason to believe that this year is a bull market year for gold, and gold will play a greater role in the fluctuations of the global economy. Looking at the 60-minute chart, the 20-day moving average once again crosses the 50-day moving average upward, forming a golden cross, and the MACD once again forms a golden cross above the 0 axis, indicating a very strong upward signal. However, the specific trading strategy is best to wait for the support level to go long. Today, focus on the $2330-2348 range. If the price falls back to this range, you can go long. I will update the take-profit price for long orders in real time. You can pay more attention to my updates.Longby winner-2004Updated 53
🔥Gold Analysis Strategy for April 9The current fluctuations in gold prices are mainly affected by market news, and the rise and fall depend on the intensity of the selling. whether it is the impact of risk aversion caused by war factors or the economic impact of whether the United States cuts interest rates, it is undoubtedly supporting gold. If it continues to rise, then as long as there is no major bad news in the market, gold will not have a major correction. Therefore, whether it is short-term or long-term, we will continue to be bullish on gold! Gold is currently rising directly to a new high. The support point of gold has gradually moved up from around 2330 yesterday to around 2345 now. The current daily trend of gold maintains a volatile and strong pattern, and the intraday price fluctuations are large. On the 4-hour chart, the price of gold is temporarily fluctuating at a high level within a narrow range, and the K-line continues to remain strong above the short-term moving average. On the 1-hour chart, after continuous shocks, the technical form is gradually repairing, and the K-line gradually stabilizes the short-term moving average, suggesting that the short-term trend is still possible to continue upward. The 30-minute chart shows that the double top has been broken through, and a support point has been formed near the previous strong top of 2345. As long as the price remains above 2345, it is an opportunity to go long on dips. Although there is momentum to continue rising in the short term, the higher the high, the greater the risk, so be sure to bring a stop loss, because there is no resistance reference above, so it is not sure where the high point will be. In summary, the short-term operation of gold today is mainly based on callback longs, supplemented by rebound shorts. The top short-term focus is on the 2370-2373 resistance range, and the bottom short-term focus is on the 2345-2347 support range.by JackBlackwellUpdated 12
Gold and its upcoming direction!The relentless surge of gold to a new record high in the opening session of April is being driven by predictions of US interest rate cuts and its appeal as a safe haven asset, currently holding steady at around $2,255. The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary policies. Market watchers are eagerly anticipating an early rate cut by the Fed, possibly in May or June. The recent increase in this precious metal is also fueled by strong buying pressure from central banks worldwide, as they diversify their reserves amid geopolitical risks, domestic inflation, and a weakening US dollar. The consensus is clear: gold thrives in favorable conditions and is poised to continue breaking new records in the near future.by RKarinaUpdated 99102
Latest gold update: Continue to conquer new recordsDear friend, Today, gold ended the trading session with a significant price increase. The precious metal reached a high of around $2330 after touching $2270, gaining $60 in just one day. You may be wondering why gold is rising so strongly. In terms of international market information: Despite better-than-expected US employment data, the global gold price continues to skyrocket, setting new records in weekend trading sessions and marking the third consecutive week of gains. Recently, considering the strength of the economy and inflation data, Federal Reserve Chairman Jerome Powell reiterated the view that the US central bank has time to consider when to cut interest rates for the first time. According to CME FedWatch, traders are currently pricing in a 59% chance of a rate cut in June. Conclusion: Currently, I am very optimistic about the possibility of gold prices reaching $2400 per ounce. In the context of central banks continuing to buy gold to diversify foreign exchange reserves, higher US bond yields or a stronger US dollar will not be obstacles for gold. With the current trend, it is possible for prices to continue rising next week. There is evidence that once it reaches the levelLongby RKarinaUpdated 32
Strong upward trend continues for XAUUSD!Hello everyone, today the price of precious metals has reached a new record high due to the buying activity of central banks in Asia. A new published report reveals that the People's Bank of China has added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year, leading to a continued rise in prices. Despite expectations of changing interest rates, the recent increase in demand for gold will continue until the end of this year due to hidden supply pressures caused by concerns about economic downturn and ongoing conflicts. The new recovery of gold has only just begun, and it won't be long before Western retail investors jump into the market and drive this precious metal to reach new record levels.by RKarinaUpdated 22
Where will gold prices go this week?Hello everyone, following last week's upward trend, gold has once again started the second trading session with strong price increases. In the early trading hours, gold briefly reached $2354 but quickly retreated and is currently at $2337, marking a 0.31% increase for the day. In light of escalating tensions, gold's traditional headwinds have failed to impede its upward momentum in the past week. The precious metal has shown steady growth, ending the week with a 5% increase. Looking at gold's recent fluctuations, it is no longer heavily reliant on the direction of the US dollar. Gold is now establishing itself as a global currency and overshadowing traditional pressures, pushing it to new record levels.Longby RKarinaUpdated 35
🔥Gold recent trend analysis✅Gold's trend was weak in early trading today. After falling to test the 2303 support level, it quickly rose strongly and directly surged to the 2353 level before coming under pressure. Today's market conditions are in line with our expectations in the weekly review. The weekly review clearly pointed out that we should look long before going short. We should not blindly chase the increase after waiting for the increase in volume and go short near 2350. At present, the price of gold has dropped sharply to the level of 2318. Are short positions profitable? Although the 2350 short position is still some distance from our short-term target of 2303, the bullish momentum has significantly weakened after the heavy volume increase, and the selling pressure above is relatively large. It is expected that there will be repeated shocks and further declines. It remains to be seen whether it has peaked. The key lies in the support level of 2280-2265 below. If it falls below and closes below this level, there may be room for a fall of US$100-300 in the medium and long term. Judging from the current trend, after gold was under pressure at 2353, it experienced a surge and fell back during the European and American trading hours, and fell below the previous pressure level, suggesting that the short-term market may continue to fall. Today, we should continue to pay attention to the competition near the 5-day line of 2300 below. It fell again under pressure at noon, with the low hitting near the 2318 level. Despite the intraday correction, the overall trend has not changed. The 4-hour Bollinger Bands opened upward, and it is expected that the upward trend will continue after the correction. In the later period, focus on the 2305-2303 support level below, and it is recommended to continue to do long during the callback. On the whole, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. Focus on the resistance range of 2340-2343 at the top and the support range of 2303-2305 at the bottom!by JackBlackwell9
Gold will continue its upward trendOn April 8, although U.S. economic data continued to suppress interest rate cut expectations last week, there were no other significant catalysts in the news except for changes in Israel-U.S. relations and an increase in risk aversion caused by Israel's air strikes on the Iranian consulate. However, gold still hit new highs repeatedly. Although the non-agricultural data on Friday was negative, gold only fell in the short term, and then steadily rose and rebounded in volume, setting another record high and reaching a new high above $2,330. The large structure is still a bullish trend. From the daily chart, gold is still in an obvious upward trend. The 20-day moving average crosses the 50-day moving average upward to form a golden cross. The MACD indicator is also a golden cross and is far above the 0 axis. This indicates that gold will continue to rise. , will not plummet in the short term. Today, the price fell back to the resistance range of 2300-2310 US dollars and rose again. The highest point was near 2354 US dollars. This is a perfect upward trend. The current focus is on the resistance range of 2330-2340 US dollars. If the price falls back to this range, you can continue to go long.The profit-taking price above is expected to be in the range of 2375-2385 US dollars. Longby winner-2004Updated 46