Gold 4hr4hr resistance area... So Sell SL maintain. Support resistance bass trading plan. Happy Trading. Thank you.Shortby Tamiltry0
🔥Gold Trading Strategy for Next Week💲Based on the current market situation and technical analysis, the strategy for gold trend next week can be as follows: 1. Short strategy Since gold has been strong recently and closed above $2414 on Friday, it may rebound to the $2420-2430 range after the opening next week. You can try to short in this range: Opening range: $2420-2430 Stop loss position: set near $2435 , with a small stop loss point Target position: short-term target can be set in the range of $2395-2397 2. Long strategy Although the main strategy is short-selling, you can consider going long when the price falls back to the key support level: Pullback range: if the price falls below $2390 , you can consider going long in the short term Stop loss position: set near $ 2380 , with a small stop loss point Target position: short-term target can be set in the range of $ 2405-2410 3. Position management Light position opening: due to the strong market pattern, long-term shorting is recommended to be light to avoid excessive risks Gradually increase position: if the price falls as expected, You can gradually increase your position to further reduce costs 4. Market sentiment and risk control When market sentiment fluctuates greatly, you need to stay calm and not let short-term fluctuations affect your decision-making Important economic data to be released next week (such as inflation and employment data in the United States) may have a significant impact on the trend of gold. If these data support the market's expectations of a Fed rate cut, gold may continue to rise. On the contrary, if the data exceeds expectations and suggests a strong economy, it may put pressure on gold and cause its price to fall back. In summary, the short-term operation strategy for gold next week should be mainly short on rebound, supplemented by long on pullback, and adjusted according to market sentiment and key data.by MasterGoldTraderUpdated 41
XAUUSD week 3 May 2024 Is the uptrend over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, we saw that the US economy also sent remarkable messages. For the first time, the number of applications for unemployment benefits decreased despite the softening of the labor market, this shows that the American people are gradually adapting to the current controlled economy, plus the CPI released last week has increased beyond expectations, this will create motivation for the Fed to continue maintaining high interest rates in the near future Although the US economic situation will still keep high interest rates to restrain inflation, this will create strength for the USD, but the current geopolitical fluctuations in the world will still create conditions for gold prices to increase and volatility to occur. The gold became a safe place for him to hide Looking at the 1D chart, we rely on the Elliot wave principle to analyze price movements - Last week we saw a strong price increase and currently the price is clinging to the peak of 2433. - At this point, it is still early to conclude whether correction wave 4 has completed or not. - We have the price level that confirms the completion of wave 4 and the start of wave 5 at 2433. - If next week the price breaks out through 2433 then we have confirmation that wave 4 has completed and the price is in rising wave 5 then we will measure 2 expected price targets for the end of wave 5 which is the 2500 area. and area 2550 - If the price cannot break the 2433 zone and turns down, then the price is still in correction wave 4 and at a smaller wave level, the price will complete wave b and will continue to complete wave c as shown on the chart. - Then wave b is confirmed when the price breaks out through the 2280 area, then we will have the target to end wave c measured at the price range 2455 and 2211 Above is Deekop's plan for next week and the daily plan will be updated by Deekop every day Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOP8
XAU COUNTINUE TIME TO RETRACE in my bias xau will make some retrace my target is 423 fibo m5Shortby yyusrizal1
XauUsd Bearish or BullishWhile the chart suggests a bullish outlook with a potential target of 2467 USD, the presence of a bearish pin bar on the closing 4-hour candle indicates caution. This pattern can lead to bearish movement or consolidation. Traders should watch for confirmation of the breakout and monitor key support and resistance levels to gauge the next move.by arshsetiaa114
🔥GOLD HIGH SHORT SELLING💲 Gold retreated with a small negative line on the daily line, failing to continue the previous day's strong closing. After the Asian session inertia high, it fell under pressure and reached the highest level of $2,397. The rebound of the US dollar from a low level limited the upward momentum of gold in the short term. The daily line formed a small cross negative line and turned to a volatile trend. The unilateral strength was not strong in the short term. The second high exploration process was insufficient in sustainability. Today's weekly line closed higher and is expected to end with volatility. The 4-hour chart shows that the support point of the rising trend line is $2,350, which is also the defense point of the bulls. The middle track support is around $2,373. The short-term 4-hour chart is in an upward trend, but the hourly chart lacks the momentum to break high, and the strong rebound of the US dollar has weakened the upward momentum of gold. It is expected that today's trend will tend to be slightly adjusted. The key support levels are around $2,365 and $2,346, and the resistance levels are around $2,380 and $2,400. Breaking through these levels may support the continuation of the bull trend or suggest a possible pullback. On the whole, , today's short-term gold operation advice is to focus on shorting on rebounds, supplemented by longs on callbacks. The short-term focus on the upper side is the 2382-2386 resistance range, and the short-term focus on the lower side is the 2350-235 support range.by MasterGoldTraderUpdated 12
Mix of Data : Gold to Show Significant Volatility.2400 is going to be the Ultimate Zone, that could be Decisive. Above 2400, 2500+ could be tested.. Below 2400, 2300 2250 zones could be testedShortby DrAnandMUpdated 12
XAUUSD 13/5 - 17/5Plan to trade XAU this week Current trend is up. We will buy after break Pullback as screenshot Buy when breakout 2345, stoploss 2335 If Up trend is breakdown, should Buy at 2280, No Short Longby ichimasterUpdated 2
TP HIT ON GOLD XAUUSDTP hit on gold . .you can see my last post on gold .I placed to BUY order AND trade active , which is a strong DEMAND ZONE.Longby Knickk5
xau/usd trade analysisif price brake through 2393 area and retest that zone one can open long position long area 2372 tgt1 2397 tgt2 2406 sl area 2368Longby Harsh81885
Gold stays bullish despite recent pullback, focus on $2,400 Gold price lacks clear directions after retreating from the highest level in a month while snapping a two-day winning streak. In doing so, the XAUUSD eased from a one-month-old horizontal resistance zone surrounding the $2,400 threshold. The pullback also gained strength from the US Dollar’s rebound. However, the bullion still carries an early-week breakout of a descending resistance line from April 12, now immediate support around $2,365. Additionally, keeping the buyers hopeful are the bullish MACD signals and the upbeat RSI (14) line. With this, the quote is likely to prevail on the bull’s radar and can gain more upside strength on crossing the $2,400 hurdle. In that case, the $2,418 and $2,431 will lure the bulls before directing them towards refreshing the all-time high by targeting the $2,500 threshold. It’s worth noting that the Gold price weakness past the resistance-turned-support line of $2,365 won’t open the doors for the sellers as the 21-SMA and an upward-sloping trend line from mid-March, respectively near $2,336 and $2,318, will challenge the commodity’s south-run. Should the precious metal remain bearish past $2,318, the $2,300 round figure and the monthly low of nearly $2,277 will be the final defense of the buyers. Following that, the XAUUSD’s fall toward the late March swing high of $2,222 can’t be ruled out.by MTradingGlobal0
🔥Gold returns to slow bullish trend💲On the daily line, gold recorded a positive column, and the real column successfully crossed the short-period moving average and maintained above the moving average of each period. The overall Bollinger trend remains upward, although it has not yet fully opened its mouth. Observing from short-term indicators, the downward potential energy has shown signs of slowing down, and MACD also has the intention to form a golden cross. If it can be accompanied by an increase in trading volume, this may further increase the strength of multiple parties and prompt gold prices to rise again. After the previous two days of adjustments, the effectiveness of the support around $2,330 has been basically confirmed. So far, the price of gold has risen steadily to above $2,360, showing a slow bullish upward trend. However, this slow rising trend is often not very strong. Once affected by negative factors, the price may retract very quickly. In the short term, the main resistance faced by gold prices is located at $2,378. If it can effectively break through this resistance, it is expected to further challenge the $2,400 mark. On the whole, today's short-term gold operation advice is to focus on callbacks and shorts, with the upper short-term focus on the 2378-2380 resistance range and the lower short-term focus on the 2355-2360 support range.by MasterGoldTraderUpdated 5
XAU increased while US inflation cooledYesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%. The DXY index fluctuates around 104.20. The decline in US government bond yields is weakening the USD. US government bond yields for 2-year and 10-year terms were at 4.71% and 4.32 respectively after the data was published. Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.by NicoTradingMaster5
Neutral Bias towards GOLDIf the price of gold remains above 2361 since it is .618 level of the recent down move, it suggests a potential for a long position. Conversely, if it goes below 2357, a short position may be considered. These thresholds serve as critical points for traders to make informed decisions based on market movements and price dynamics. Adhering to these levels can help optimize trading strategies and capitalize on price fluctuations in the gold market.by AJ-Paris_Market_UKUpdated 2
Gold price today: Continuing to search for new peaks!Hello everyone, let's learn about gold prices today. At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month. The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has made gold more attractive to buyers, creating conditions for gold prices to recover strongly. Comments from the chart: Gold continues to consolidate its record upward momentum on the two EMAs 34 and 89, showing a good sign for buyers in the long term. In addition, gold is forming a cup-in-hand model, it is expected that after the adjustment, the long-term target of over 2,500 USD will continue to be targeted by the Bulls!Longby RKarina55103
TWO BUY POSSIBILITY ON XAUUSDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE XAUUSD and break the previous structure. It is not advisable to enter without confirmation from a lower TF.Longby Knickk0
Data packed week ahead as Gold tries to resume rally2400 is going to be the zone. If respected, then we might test 2250 zone. If Broken, then 2530 2560 Could be tested. Rest of the analysis on daily basisShortby DrAnandMUpdated 13
Gold Price Today: Reversing to increase in price!Currently, gold price has increased by 21.9 USD, reaching 2,357.6 USD/ounce, recovering to the high level from last week after positive news announced last evening. The main reason is the weakening of the USD and Treasury bond yields after data on US producer prices in April were published. The USD fell 0.2%, making gold more attractive to investors using other currencies. Yields on 10-year Treasury bonds also fell, reducing the opportunity cost of holding gold, thereby boosting gold prices. In addition, the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is also a positive factor, which can help gold prices continue to grow.Longby RKarinaUpdated 37
XAU / USD SELL ZONE ENRTY TARGET 30 PIPSa best way to see a chart with naked eye and target 30 pips on each trade easy to fine 30 pips setup teleg. follow ( decent_trader_llc_free_forex ) Shortby AjayNager0071
Gold sellDouble top gold is going to dump . Gold was going very long till now and now it’s showing resistance at top you can sell Shortby munmeeth0
Gold sellDouble top gold is going to dump . Gold was going very long till now and now it’s showing resistance at top you can sell Shortby munmeeth0
XAUUSD 13 - 17 May 2024Dear friends, Last week gold found consolidation around the 2350 zone and after the breakout it moved to the 2380 levels. we always look at the first daily candle so Monday is usually slow. If the candle closes below 2340 levels and after that the 2332 zone then we can say there is a strong reversal in gold and the next zones to look at will be 2320 and 2300 levels. When gold takes the 2300 levels we can officially say gold is now turning bearish and more bears will be interested in bringing Gold more to the downside. On the upside last week the bears came back and also with the tension building up between the USA and Israel about not supplying the war anymore Gold made a good comeback from the 2300 zones. In a bullish case we will be active if Gold breaks the 2371 levels and aim for the 2500 levels as mentioned a few weeks ago. In a bullish case we will be active from 2371 (high risk) the best zone to buy is above 2382. The critical zones are 2382 - 2389,5 - 2320 - 2400 - 2412 - 2425/30 - 2450 - 2468 and after that 2500 or the moon. In a bearish case we will be active from 2354/52 (high risk) the best zone to sell will be after 2342/40. The critical levels are 2342/40 - 2328/26 - 2314 - 2300 - 2270 and 2260. We 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! Longby TheDutchGoldTradeHubUpdated 13