Trade active on GOLD/XAUUSDA BUY order was placed in XAUUSD which is giving good profit. The reason for this trade is rejection candles on the 1H timeframe and strong demand zone.IF you want to learn how trade follow me ..Longby Knickk1
GOLD NEXT MOVE (looking a correction) (11-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (11-04-2024) Current price- 2338 "if Price stay below 2354, then next target is 2320 and 2300 and above that 2378. -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.by AnupZiddiUpdated 9966
Gold continues to fall in the short termInterpretation of the news: Iran’s low-key handling of the attack in Isfahan seems to be aimed at avoiding an escalation of the regional situation. Federal Reserve Chairman Jerome Powell and many other policymakers were tight-lipped last week on when they might cut interest rates. Instead, they said monetary policy needs to remain restrictive for longer, pouring cold water on hopes of a sharp rate cut this year. The market is awaiting U.S. March personal consumption expenditures (PCE) data due out this week to further determine the trajectory of monetary policy. The data is the Fed's favored measure of inflation. From the 2-hour chart, the 20-day moving average and the 50-day moving average form a dead cross pattern. In addition, the MACD value continues to hit new lows below the axis. Therefore, the current downward trend is obvious and the decline is very strong. The general trading strategy is to sell at resistance levels. Next, focus on the 2334-2344 range. If the price rebounds to this range, you can sell. The expected take-profit price below is in the range of 2275-2285 I will update the specific strategies at any time in my gold trading guidance group Shortby winner-2000Updated 31
🔥GOLD GOES SHORT AFTER REBOUNDAfter today's opening, gold suffered two smashes again, falling below the 2318 support and even falling below 2300, a drop of nearly a hundred points. Since the fall from the high of 2417, gold prices have been under pressure and the decline has further expanded. On the daily chart, the price of gold first shot up to around US$2,431, and then fell back to nearly US$100. Although it rebounded, it encountered resistance near 2,400. Affected by Israel's attack on Iran last Friday, the price of gold once rose to around 2417, but finally closed at 2390, failing to reach a new record high. After the opening of the market on Monday, gold continued to fall and closed a big negative line. The moving average and MACD formed a dead cross, and 2331 and 2417 formed a top pattern. The 4-hour chart shows that gold prices show a step-like decline, the Bollinger Bands open downwards, the moving average continues to cross, the short trend is obvious, and the overall trend is bearish. The double-line dead cross of the MACD indicator has crossed the 0 axis and entered the weak area, verifying the trend of short-dominated markets. Investors should pay attention to the pressure levels of MA5 and MA10, which may become an obstacle to the rebound of gold prices. During this round of gold market correction, investors should remain calm and should not blindly chase short positions. Gold fell below 2318 in early trading today, which means that short-term bull support has been broken down and further correction is expected. 2318 has now become a pressure level, and the next support level is expected to be in the 2250-2260 range. On the whole, today's short-term advice for gold is to mainly go short on rebounds, supplemented by longs on callbacks, and focus on the 2318-2324 resistance range and 2250-2260 support range.Shortby JackBlackwellUpdated 20
Gold price today: Decrease freelyHello everyone, what do you think about the gold price today? Recently, gold has experienced a significant price drop, from nearly 2400 USD to about 2311 USD, down nearly 65 USD compared to the previous day. So what has led to this sharp decline in gold prices? Global economic news: Before the June monetary policy meeting of the US Federal Reserve, the market temporarily eliminated expectations for interest rate increases until developments in the Middle East became clear. than. The reduction in geopolitical tensions in this region has increased selling pressure, causing a decline in gold prices. Market sentiment: Gold is considered overbought, leading to investors starting to sell off to relieve pressure and take profits after recent price increases. Technical analysis: The downtrend was confirmed when the downtrend line was successfully crossed. Resistance at $2400 remains intact as investors sell. Currently, gold is finding support at around $2305 and is likely to rebound slightly, but is likely to face new resistance at the Fibonacci retracement level between 0.5 and 0.618 (after the support level). 2345 USD broken). The target price of 2270 USD is the point that sellers are aiming for, especially when the psychological level of 2300 USD continues to weaken under strong selling pressure. I predict that gold prices will continue to adjust in the near future. How about you?Shortby RKarinaUpdated 2277
XAUUSD WILL SELLXauusd will sell and hit 2240.36 and 2230.82 simultaneously so get ready to dive in . Shortby Darkfx1000
gold going to short when entry confirmationgold going to short when entry confirmation for short time cross 200 moving AVGShortby jassmehra4411
XAUUSD BUYLIMIT PROJECTION 23.04.24Reason for Fall 1. Abate of Geopolitical tensions 2.Break Support 2300 and reach 2263 3.XAUUSD/GOLD Pumb due to Golden Ratio 0.618 Overall Possible Outcomes GOLD BUY LIMIT 2263 SL 2245 TP 1 2300 TP2 2330Longby kripsonfx970
Gold Spot Below $2355 Weak, Gold Correction PossibleGold Spot Below $2355 Weak, Gold Correction Possible, If Break and close above $2355 traget $2394——$2423Shortby Neal_BhaiUpdated 113
Gold is at edge, area to check 2300 for upcoming movesGood Morning Traders, Sharing Gold Support for the day, 2300 area working as support. but gold is under selling pressure till the time gold will not break 2330 area and sustain we can se low area like 2285 and 2272. If gold will able to break 2330 and sustain then we can see 2350 2355 area, Plan accordingly.by vikasvasusharma1
Gold XAUUSD as said earlier sell on rise we will see 2250, 2190 On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
Classic double top petern in gold sell the bounceAfter very good rally in gold, it's time for correction or profit booking Shortby MurtazaLokhandwala0
🔥GOLD TRADING STRATEGY TODAYGold rebounded at the end of last Friday, but the rebound did not reach the 2400 mark. The daily small positive star K line consolidated, rebounded again to confirm 2392, and then came under pressure and fluctuated downwards. Spot gold continued its sharp decline during the day. It is currently located near 2360 and plummeted by nearly 40 US dollars during the day. As market concerns about the escalation of conflicts in the Middle East have gradually cooled down, and rising U.S. Treasury yields have put pressure on U.S. dollar-denominated gold, once gold prices effectively fall below the 2350 area, this may open room for further declines. The continuous negative retracement for 4 hours in early trading appeared in the rebound of the downward trend, indicating that the rebound has temporarily come to an end and will seek support below. The daily structure has continued to close positive, and is currently trading near the 5-day moving average. The gold price is still in the upward channel, the MACD bull signal has been completely reduced, KDJ has a dead cross in the middle, and the overall indicator is weak. In the 4-hour chart, the Bollinger Bands are flat, and the overall trend remains within the high range. MACD is dead-crossing in the middle, the green energy column is gradually increasing, and KDJ is dead-crossing at the low level. The short-term lower support of the small cycle is in the 2350-2355 range, so intraday long positions can be carried out in this range. At the top, focus on the strong suppression points of 2392 and 2400. Since it is a volatile trend, you can also go short at high levels to see the downside after waiting for the rebound to end. On the whole, today's short-term operation of gold recommends mainly going long on callbacks, supplemented by shorting on rebounds. The upper part focuses on the 2392-2400 resistance range, and the lower part focuses on the 2350-2355 support range.by JackBlackwellUpdated 3
Gold will keep falling in the short termJudging from the 60-minute chart, gold has entered a downward trend in the short term. The candle line has fallen below the 200-day moving average, and the 20-day moving average has crossed below the 50-day moving average to form a dead cross. The price is expected to fall into the 2300-2319 range next, and can be sold after rebounding to the 2340-2350 range.Shortby winner-20000
Gold is currently uncertainGold fell below the 2370 resistance level today, reaching its lowest point near 2350, and also fell below the rising trend line on the chart. But this does not mean that gold is currently short. Although Israel and Iran have not taken actions to escalate the conflict, the conflict may escalate at any time. Moreover, the United States has provided tens of billions of dollars in financial assistance to Ukraine and Israel, and wars in Europe and the Middle East may escalate at any time. Therefore, we should be cautious when taking short positions at present. However, we also need to be cautious if we are too bullish, because gold has currently fallen below the two support levels of 2370 and 2360, and the price may continue to decline. Trading strategy: If the price rises to around 2375-2380, you can sell with a light position and stop loss at 2388. If the price breaks through 2380 and then falls back to 2370-2375, you can buy, and the stop loss is 2363. by winner-2000Updated 0
Gold upcoming move 2364 area to watch closely.Gold is at 2341. Area to watch 2364. gold above 2355 will go 2365 2372 gold below2336 will go 2320 2311. plan accordingly. Support us by liking and sharing the post. by vikasvasusharma1
GOLD NEXT MOVE (still trend continuation ) (09-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (09-04-2024) Current price- 2353 "if Price stay above 2337, then next target is 2360 and 2372 and below that 2322. -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.Longby AnupZiddiUpdated 1158
XAUUSD Long near Bullish OB XAUUSD Long near Bullish OB XAUUSD near 1H TF Bullish OB zone Long Target 2390 2392 Longby mayureshk900
BUY GOLDThere will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for a confirmation within a shorter period of time.Longby Knickk0
15 resistance Trend line break 15 Minutes resistance Trend line break. So buy now low sl maintain.Longby Tamiltry2
Gold Prices React to US Treasury Rates Amid Middle East TensionsIntroduction: In the dynamic world of financial markets, gold prices experienced a slight dip recently, influenced by rising US Treasury rates and ongoing geopolitical tensions in the Middle East. As investors remain vigilant for any potential escalation in the crisis, the landscape of economic indicators and central bank sentiments also plays a crucial role in shaping market sentiments. Market Analysis: The recent movement in gold prices reflects the intricate interplay between various factors, including US Treasury rates, inflation concerns, and geopolitical uncertainties. The dollar-priced metal faced pressure as US Treasury rates edged higher, impacting its attractiveness as an investment option. Meanwhile, lingering worries about the Middle East crisis kept investors on edge, contributing to market volatility. In the backdrop of these developments, the Federal Reserve's latest poll of US central bankers highlighted persistent inflation and the prospect of higher interest rates as significant risks to financial stability. Chicago Federal Reserve President Austan Goolsbee noted a "stalled" progress in addressing inflation this year, signaling a shift in the central bank's stance towards interest rate adjustments. Key Economic Data: Amidst the market dynamics, attention is drawn towards key economic releases, notably Consumer Confidence data from the Euro Zone. This data point could offer insights into the economic sentiment across the region and potentially influence market movements. Technical Analysis: Technical indicators suggest that gold prices could find support at $2325, with resistance seen around $2380. Similarly, Gold MCX prices are anticipated to find support at 71050 and resistance at 73200. Action Plan: Considering the prevailing market conditions and technical outlook, a strategic approach would be to sell on a jump around $2365, targeting $2325, with a stop loss implemented above $2382. This approach aligns with the current market dynamics and offers a structured risk management strategy. Conclusion: In conclusion, the recent fluctuations in gold prices underscore the complex interplay of various factors, including geopolitical tensions, inflation concerns, and central bank policies. As market participants navigate through these uncertainties, staying informed and adopting a prudent approach to trading becomes paramount.Shortby rajeshtatineni850
Gold price dropped shockingly on the first day of the week!Hi everybody! As I am writing these lines, XAUUSD has seen a significant price drop, down $35 in the early hours of Monday morning and is currently sitting at around $2356. The short-term outlook suggests further downside is likely. Current chart analysis shows that gold is under downward pressure after overcoming two key support levels. This reflects the adjustment process after a week of strong price increases, when investors began to sell to take profits. If support at $2050 fails to hold, gold could continue to decline. However, on the positive side, gold still has a chance to recover. It will soon face resistance at the Fibonacci retracement point between 0.5 and 0.618, which coincides with the intersection of the 34 and 89 EMA. Gold needs a strong push to overcome this resistance if it wants to continue. continue the upward trend in prices. Regarding market forecasts, a recent survey of 14 Wall Street analysts showed a strong belief in the bullish prospects of gold: 72% of them predicted that gold prices will increase, 21% think prices will stabilize, and only 7% predict prices will decrease.by RKarina1144
XAUUSD 22 - 26 AprilGold price next week from 22 - 26 April We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan. The price of gold surged to a new high above 2400 as tensions in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to 2431 zone. A close above 2410 zone will open the following targets as shown in the chart above. Price has maintained above the channel with our final long range target at 2440 still remaining. The extended levels 2450, 2472 and 2500 will only activate once we see a close above 2440. We will keep the above in mind when taking buys. Gold price maintains a stable increase in the H1 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum. Based on the resistance and support areas of the gold price according to the H1 frame, i identify the important key levels/zones at: Resistance: 2410, 2430, 2448 Support : 2373, 2310 Targets 2402 2422 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! Longby TheDutchGoldTradeHubUpdated 114