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XAUUSD trade ideas

"Gold Slips as USD Rallies, Investors Eye Fed's Next Move"Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is expected to trade sideways between $2,300 and $2,335. Upcoming U.S. Economic Reports: Key U.S. data this week, including retail sales figures, weekly jobless claims, and PMI indices, are anticipated to shed light on the Fed's rate direction. Support from Fed Policy Expectations: Despite the lack of major movements, gold remains supported by expectations that the Fed will eventually pivot its policy stance. Global Political Uncertainty: Additionally, political unrest in France is heightening global risk aversion, boosting the demand for gold as a safe haven.
OANDA:XAUUSD
by Hamed-ForexTrading
Gold price today still increased above 2300 USDGold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the Federal Reserve (Fed). As a result, gold becomes more attractive as a safe haven asset. Expect lower interest rates: With retail sales weak, the Fed could keep interest rates low or even cut them to support the economy. Lower interest rates reduce the opportunity cost of holding gold, which provides no interest or dividends. A weaker US dollar due to lower interest rates also increases the value of dollar-denominated gold in international markets.
OANDA:XAUUSDLong
by Hamed-ForexTrading
2
Gold price today: Continuous increase of nearly 300 pipsHello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD index anchoring at a high threshold. Although under some pressure, the fact that gold is still above 2,300 USD/ounce proves that buyers still actively consider the adjustment and price decrease as Good opportunity to increase gold holdings.
OANDA:XAUUSD
by Hamed-ForexTrading
3
What's changed in the gold price in the new week?Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the price channel. The target is 2280 USD. And you, what are your thoughts, do you think gold will increase or decrease this week?
OANDA:XAUUSDLong
by Hamed-ForexTrading
1
GOLD NEXT MOVE (not advised to trade today)(21-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (21-06-2024) Current price- 2365 "if Price stay below 2386, then next target is 2346 and 2332 and above that 2394. -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.
OANDA:XAUUSD
by AnupZiddi
10
Has Gold formed a Top ?Friday's Sell Off Definitely Suggests that Neither Central Banks nor China nor any other retailer is interested in buying Gold at such high valuation. Picture is getting Clearer. One May look for Selling Opportunity around the Supply Zone. Gold looks set to test 2200 Zone. Bullishness Only above 2380. Below 2380, Bears are going to be under Control. Bulls may wait for Demand Zones to Build positions again, when the Ball will finally be in their Court. Currently Bears will look to assert dominance. Rest of the Analysis on Daily Basis
OANDA:XAUUSDShort
by DrAnandM
15
GOLD NEXT MOVE (bears are in dominance)(14-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-06-2024) Current price- 2320 "if Price stay below 2339, then next target is 2305 and 2285 and above that 2362. -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.
OANDA:XAUUSD
by AnupZiddi
6
GOLD NEXT MOVE (gold is at deciding zone)(19-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (19-06-2024) Current price- 2329 "if Price stay above 2313, then next target is 2342 and 2350 and below that 2300. -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.
OANDA:XAUUSD
by AnupZiddi
3
Gold buying strategy is preferredDear traders! Gold price today recorded a slight recovery, the price moved to 2337 USD and in the short term is still supporting this upward movement when from the precious metal analysis chart, it has reached an important resistance level and Get momentum when breaking the trendline. It is expected that after the trend adjustment, the price will continue to go up, the Buy target and strategy are prioritized in that case. Plan transaction on June 20 👨‍💻 XAUUSD BUY zone 2328 - 2325 🔹SL 2322 🔹TP 2334 - 2340 - 2350 Wishing you Full City 💵💵
OANDA:XAUUSDLong
by Hamed-ForexTrading
3
Gold price creates new breakthrough!At the start of the trading session on June 21st, gold prices saw an uptick, spurred by market anticipations of an impending rate cut from the U.S. Federal Reserve, following weaker-than-expected retail sales data earlier in the week. While gold may have lost some of its upward momentum, the overall market sentiment remains largely optimistic. Numerous hedge funds have pivoted towards gold, which has helped maintain a solid support level at $2,300 per ounce. A significant pillar bolstering the gold market is its status as a safe-haven asset, providing a hedge against risk amid ongoing global geopolitical instability. Gold Price Forecast The gold market is poised for a resurgence as the Federal Reserve's monetary policy becomes more defined. With an expected shift in policy direction, investment demand from the West is likely to increase, potentially setting the stage for gold to soar.
OANDA:XAUUSDLong
by Hamed-ForexTrading
3
GOLD TREND IS BEARISHThe daily chart of gold shows a pattern of yin and yang conversion. Therefore, it is necessary to guard against the market rising and falling, or falling directly near the previous high. The upper resistance is at yesterday's high point. At present, gold is still fluctuating in the range of 2286-2341, and the low point gradually moves up and the high point gradually moves down. As the range continues to narrow, it will eventually usher in a round of substantial breakthroughs. From the four-hour chart, the rebound high point gradually decreases, and the overall trend tends to fluctuate downward. At present, the gold price is running near the middle track of the Bollinger Bands. The KDJ crosses downward after the death, and the DIF line of the MACD sticks above the DEA line, and the short-term trend is bearish. Gold has recently fallen into a bearish pennant pattern, so it needs to fall below 2300 to activate the negative effect of this level, and then it is expected to fall to the next bearish target of 2272.06, which is the 38.2% Fibonacci retracement level of gold from $1984.16 to $2450. Therefore, as long as gold remains below $2340.10, we will continue to be bearish on gold. In this case, gold is expected to test $2385 first. On the whole, today's short-term gold operation advice is mainly to go short on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the 2334-2336 resistance range, and the bottom short-term focus will be on the 2305-2308 support range.
OANDA:XAUUSD
by GoldMasterClub
1
Gold is under pressure and trending downwards From a technical perspective, yesterday's spot gold daily structure closed with a negative line, realizing the alternating trend of yin and yang. Combined with the previous trend, the indicators have not changed. At present, the short-term moving average still maintains a dead cross, especially the 10-day moving average forms a short-term pressure near 2325, and the middle track of the Bollinger Band 2335 forms a strong pressure. Other periodic indicators maintain a short position arrangement. The Bollinger Band as a whole intends to shrink downward. The MACD indicator maintains a dead cross, and the green column potential continues to decrease. The KDJ indicator has a three-line bonding pattern. Although the overall structure of the daily line technical indicators is short-short, there is a need for rebound correction. From the 4-hour chart, gold began to rebound after falling to around 2286, then rushed to around 2341 and then fell back, approaching the 2295 mark, and then rebounded to around 2336, and fell back again. It is not difficult to see that the high point of the rebound is getting lower and lower, and the overall trend is oscillating downward. At present, the gold price is running near the middle track of the Bollinger Band. KDJ diverges downward after the dead cross, and the DIF line of MACD is glued together above the DEA line. The short-term trend is still bearish. The 1-hour chart is a triangle consolidation pattern, and the fluctuation range is getting smaller and smaller, indicating that the market is about to change. We must grasp the big market after the change. After the sharp drop on June 7, although gold rebounded, the amplitude can only be regarded as an adjustment. It is expected that it will continue to decline after the adjustment. In addition, several Fed officials are sticking to the expectation of only one interest rate cut this year, which is also bad news for gold. On the whole, today's short-term operation of gold is mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is the 2328-2330 resistance range, and the short-term focus on the lower side is the 2305-2300 support range.
OANDA:XAUUSD
by GoldMasterClub
Gold trend analysis next MondayGold continued to fluctuate this week, rebounding from Monday to Wednesday and falling back on Thursday, but the market was not sustainable and the 2300 mark could not be effectively broken. Next week, we need to prevent the bulls from making a comeback. The continuous rise in gold prices on Friday consolidated the upward trend. At present, gold is still hovering at a high level and cannot fall. Gold bulls are still relatively strong. The gold price did not break through the high point of 2341 on the last trading day. It was just that the momentum was insufficient in the second half of the night, but it does not mean that it cannot break through next Monday, because the current bullish trend is already very obvious. Without external stimulation, gold cannot have a unilateral decline. I personally tend to think that it was a shock stabilization bottoming pattern before. In terms of the general trend, the current fundamentals do not have the conditions for a big drop. On the contrary, from the weekly level, it is more of a high-level wide-range shock correction, accumulating strength for further rise later. It is too early to say that the upward trend is over, so after gold falls back on Monday next week, it will go long. The upper target will first look at the 2345 first-line pressure level! The 4-hour line has been rising continuously, and the moving average has crossed upward. The overall technical structure is bullish. In addition, the MACD indicator has crossed again and increased in volume. The gold price has a rebound correction demand. Since the gold price bottomed out and pulled up, it has now stabilized the moving average support. At the same time, the moving average is also showing an upward trend. It is expected that a new round of pull-ups will start after the moving average crosses next Monday. From the overall market, short-term operations in the later period can only go long! The primary support level below is the 2318 line, and you can start the layout when you arrive for the first time! The short-term long target is directly at the 2341 line. After breaking through and stabilizing, it will fall back and add positions to go long. The final target of the band is to look at the retracement level of 2350 of the previous unilateral decline wave of 0.618! On the whole, the short-term operation suggestions for gold next Monday are mainly to do longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2341-2345 resistance range, and the bottom short-term focus will be on the 2305-2300 support range.
OANDA:XAUUSD
by GoldMasterClub
GOLD NEXT MOVE (waiting for FOMC)(12-06-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (12-06-2024) Current price- 2336 "if Price stay below 2360, then next target is 2320 and 2300 and above that 2392. -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.
OANDA:XAUUSD
by AnupZiddi
17
XAUUSD After a week of volatile news from the Fed Last week we observed that US inflation indicators showed signs of cooling down. - Wednesday's CPI dropped from 3.45 to 3.3% - PPI index decreased -0.2% Inflation indicators decreased while economic indicators were negative - As the unemployment rate and unemployment benefit application rate increase This shows that the Fed's monetary policy is effectively reducing inflation, specifically consumer price CPI and production costs, while also reflecting the negative economic impact of the policy. this book. This requires that the Fed may begin to loosen monetary policy in the near future Look at D1 - We see that the correction has completed wave B and is continuing wave C of wave 4. - We can measure the target of wave C at 2 price zones 2256 and 2210 price zones. - We have a price zone confirming the final wave 4 which is the 2150 price zone. If the price breaks through this zone, our ABC wave counting process is no longer correct, then we have to re-plan a new plan based on new data. Look at H1 - The price has broken out through the 2323 zone and is testing this zone again. Looking at the reversing momentum in the oversold area, it is likely that the price has successfully tested and continues to rise to the target areas of wave C above. - Yesterday we measured the target wave C which is 2 areas 2354 and 2360 - The target area of ​​wave C is a very good area for us to look for Sell down orders - Combined with chart D1, we will have the price range where this decrease will end at 2256 or 2210. - We also have a zone that denies this wave counting process when the price surpasses the 2388 zone, then the price has entered an uptrend and we are forced to change our trading strategy at that time (I will update later if that happens).
OANDA:XAUUSDShort
by DEEKOP
2
GOLD SETUP TRADE WIH 1:3 RISK REWARDGOLD SETUP TRADE WIH 1:3 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE WIH 1:3 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more
FOREXCOM:XAUUSDShort
by tradergyan01
2
Gold fluctuates at a high level Gold broke through the triangle convergence range strongly. Today, we should pay attention to the continuation of the bulls. The current watershed of strength and weakness is at the 2350 line. Today is Friday and you need to be careful to guard against profit-taking in the market. Once it falls below 2344, you must be cautious in going long. If it breaks through 2367 again in the evening, it is very likely to continue to rise to 2375 or 2380. At the 4-hour level, gold continued to strengthen after breaking through the upper line of the triangle range yesterday. The price broke through two downward trend lines in succession. The K-line rose against the upper track of the Bollinger band, and the short-term showed an obvious upward trend. Therefore, it is not easy to chase the high position in operation. Wait for the market to step back and stabilize the support level. If the market is at a high level during the US market, then we can arrange a short position. On the whole, today's short-term gold operation advice is mainly to go short on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the 2365-2367 resistance range, and the bottom short-term focus will be on the 2345-2350 support range.
OANDA:XAUUSD
by GoldMasterClub
Gold Spot (XAU/USD)The provided chart displays the price action for Gold Spot (XAU/USD) on 1 hour time frame, dated June 14, 2024. Here’s a detailed analysis based on the chart: ### **Chart Analysis** 1. **Trend Line and Breakout:** - The price initially follows an upward trend indicated by the dashed trend line. - There is a breakout above this trend line, indicating a possible exhaustion of the previous upward momentum. 2. **Resistance Zone:** - A resistance zone is marked in red around the $2,335 - $2,338 range. This is where the price faced selling pressure and reversed. - Multiple attempts to break above this resistance zone were rejected, indicating strong resistance. 3. **Candlestick Patterns:** - There are several candlesticks with long wicks around the resistance zone, suggesting rejection of higher prices. - The last candlestick before the arrow shows a sharp decline, indicating strong selling pressure. 4. **Support Zone:** - The chart shows a potential support zone around the $2,285 - $2,295 range, where previous consolidation occurred. - This zone might act as a target for the downward movement. 5. **Potential Price Movement:** - The arrow indicates an anticipated downward movement from the current price level of $2,328.525. - The chart suggests that the price might head towards the support zone below $2,300. ### **Conclusion and Trading Plan:** - **Bearish Reversal:** The rejection from the resistance zone and the breakdown of the upward trend line suggest a bearish reversal. - **Sell Signal:** Traders might look for selling opportunities below the $2,328 level, targeting the support zone around $2,285 - $2,295. - **Stop Loss:** A prudent stop loss would be above the resistance zone, around $2,340, to manage risk in case of unexpected bullish momentum. - **Confirmation:** Additional confirmation from technical indicators such as RSI or MACD could strengthen the bearish case. These are not visible in the provided chart but can be checked separately. ### **Risk Management:** - **Entry Point:** Around the current price level ($2,328.525) or after a pullback to the trend line. - **Target:** The support zone ($2,285 - $2,295). - **Stop Loss:** Above $2,340 to manage risk effectively. This analysis is based on the visual information provided by the chart. For a more comprehensive trading strategy, consider integrating other technical indicators and keeping an eye on fundamental factors affecting gold prices.
OANDA:XAUUSDShort
by harshkjogadia
2
19th JUNE GOLD PREDICTIONGiven the current market context where gold prices are influenced by China's buying patterns, and a forecasted decline in gold prices, the strategy will remain focused on selling within the specified zones. We will incorporate two sell zones with a unified stop loss point above both zones. Sell Zone 1 Entry Point: 2336 - 2341 Sell Zone 2 Entry Point: 2348 - 2354 Risk Management Calculate position size based on your risk tolerance and account size. Use a maximum of 1-2% of your trading capital for each trade. Monitor market conditions closely and adjust the strategy as needed.
OANDA:XAUUSDShort
by TradingGuruTop
1
GOLD SETUP TRADE WIH 1:10 RISK REWARDOLD SETUP TRADE WIH 1:3 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more GOLD SETUP TRADE WIH 1:3 RISK REWARD A good falling detected on GOLD It's showing a fall due to these reason 1. It's following THE 30 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy bearish pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram Follow for more
FOREXCOM:XAUUSDShort
by tradergyan01
1