gold spot blw 2325$ updategold spot stya bwl 2325 looks dwn fall 2303--2280 in mcx stya blw 72000 looks dwn fall 71770-569++++++ by kailashcfa33112
Gold remains vulnerable to further downside, $2,306 eyedGold slides beneath a four-week-old rising support line while extending the previous day’s fall amid a firmer US Dollar early Thursday. That said, the bullion marked the biggest daily loss in a week and snapped a three-day winning streak on Wednesday. It should be noted that the quote’s latest support break joins the bearish MACD signals and steady RSI to keep sellers hopeful. As a result, a convergence of an eight-week-old rising support line and the 50-day Exponential Moving Average (EMA), close to $2,306, gains the market’s attention. If at all the precious metal remains weak past $2,306, the monthly bottom of $2,277 and the early April swing low surrounding $2,265 will act as the last defense of the buyers. On the contrary, the XAUUSD’s corrective bounce needs to provide a daily closing beyond the support-turned-resistance line, near $2,340 by the press time, to convince the buyers. Even so, a slew of resistances around $2,360 and $2,390 will challenge the Gold price upside before highlighting a seven-week-old horizontal resistance area surrounding $2,433. Following that, the recent high of near $2,450 and the $2,500 threshold should lure the bulls. To sum up, the Gold price signals further downside but a clear break of $2,306 becomes necessary to defeat the bulls at least for the short term.by MTradingGlobal1
XAUUSD May 29, 2024 Is the upward correction over?Looking at the current H1, we see that the price has reached the first target of wave 4 Looking at the preliminary forecast of US economic indicators tomorrow night we see. - Prelim GDP q/q decreased from 1.6% to 1.2% - Unemployment Claims increased from 215K to 218K - Pending Home Sales m/m decreased 3.4% to -1.1% US economic indicators show that the economic situation appears to be weakening due to tightened monetary policies. Maintaining high interest rates today makes it difficult for people and businesses to access capital, leading to a decrease in people's demand for housing consumption, in addition to pushing up raw material prices, leading to increased commodity prices. making it difficult to maintain operations of factories, leading to an increase in people applying for unemployment benefits. This continues to put pressure on the Fed to loosen monetary policy in the near future. Looking at the current H1, we see that the price has reached the first target of wave 4 and the price is reacting sideways in this area. If the price breaks below the 2352 area and then recovers without exceeding the previous peak area, this is a very good sell down signal. - If the price rises above the 2364 area, we wait for the target wave number 2 of wave 4 to find a sell signal. - After the price completes wave 4, it will continue to trend with wave 5. From the current data, we will get the expected targets of wave 5 at target zone 1 at 2322 and target 2 at zone 2311. - In the target areas of wave 5, we will find suitable conditions to enter a BUY order 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. Shortby DEEKOPUpdated 2
Gold Deep Pullback Gold has been volatile in the past two days, but everyone should be familiar with this rhythm. It is always quiet before the storm. Under the calm surface of gold, the big market is about to start. Since the pressure of 2450, the daily line has fallen sharply for three consecutive days, and then rebounded for three consecutive small positive lines. The short-term rebound rhythm is almost the same, which is in line with our expectations. The short-term trend suppression is also around 2365-2370, so after the short-term three consecutive positive adjustments, the price may weaken and fall again. The trend rebound in recent days is very weak, and the decline is completely under our control! Today, gold focuses on the repeated pressure of 2352. If it falls below 2352 during the day, the bearish thinking remains unchanged. The price will have good support at 2340. Relative to the weakening of the market, the stage rebound will continue to be weak. The effective support below is around 2336, and the lower track of the 1-hour Bollinger band is at 2328. The lower track of the daily MA60 moving average 2320 and the lower track of the daily line 2310 are used as defensive support points. On the whole, today's short-term gold operation advice is mainly to go short after the rebound, supplemented by long after the callback. The top short-term focus is on the 2356-2362 resistance range, and the bottom short-term focus is on the 2330-2325 support range.by MasterGoldTraderUpdated 13
Bearish FlagWating for break flag. If we look at the time frame of 1 horse, then a bearing flag pattern is visible here, with three touches to take aggressive entry.Shortby DipakJadhav9Updated 225
Gold Analysis Successful 29th MayWe covered three consecutive trades in XAUUSD. 2 trades were partially successful and 1 trade was fully successful giving us return of 18$ multiplied by your lot size in gains. I'm thrilled that you're making profits. But remain cautious about the levels of 2338.02:20by kaustubhkokate0
Levels for GOLD 29th MayGold is in a zone of consolidation so it's quite hard to find a good trade but still you can plan your trades as follows --- 1. LONG @2351 TGT- TP1@2354 TP2@2357 TP3@2360 TRAIL further. SL 2347 2. SHORT @2361 TGT- TP1 @2357 TP2@2354 TP3@2351. SL 2364 3. SHORT @2351 TGT- TP1 @2347 TP2@2344 TP3@ 2341. SL @2355 4. LONG @2340 TGT- TP1@ 2347 TP2@2351 TP3@2354. SL @matt-tv-2335 Follow your own chart patterns and plan your trades.06:15by kaustubhkokateUpdated 1
GOLD NEXT MOVE (WAITING FOR PERFECT ENTRY) (16-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (16-05-2024) Current price- 2384 "if Price stay above 2372, then next target is 2395 and 2410 and below that 2355. -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 1111132
GOLD NEXT MOVE (waiting for perfect zone) (02-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (02-05-2024) Current price- 2302 "if Price stay below 2313, then next target is 2292 and 2280 and above that 2328. -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 141470
GOLD NEXT MOVE (PPI IN FOCUS (14-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (14-05-2024) Current price- 2345 "if Price stay above 2332, then next target is 2355 and 2365 and below that 2315. -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 44113
GOLD NEXT MOVE (NFP in the focus) (03-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (03-05-2024) Current price- 2298 "if Price stay above 2278, then next target is 2316 and 2328 and below that 2260. -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 2252
GOLD NEXT MOVE (awaiting for breakout) (07-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (07-05-2024) Current price- 2323 "if Price stay below 2338, then next target is 2314 and 2300 and above that 2370. -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.Shortby AnupZiddiUpdated 4476
GOLD NEXT MOVE (mild correction) (10-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (10-05-2024) Current price- 2366 "if Price stay below 2382, then next target is 2355 and 2342 and above that 2395. -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.Shortby AnupZiddiUpdated 1174
GOLD NEXT MOVE (range market, no trade) (09-05-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (09-05-2024) Current price- 2317 "if Price stay below 2327, then next target is 2307 and 2293 and above that 2342. -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 7792
🔥GOLD CONTINUES TO BE BEARISH TODAY💲Yesterday, spot gold showed a trend of low-probing and rebounding. The daily structure closed with a small positive line, which temporarily failed to change the short-term bearish trend. At present, the 5-day moving average has moved down to around 2349. Although the Bollinger Bands are intended to shrink as a whole, the middle track extends upward to around 2351. Other periodic indicators still maintain a short-term arrangement, which is theoretically conducive to short-term pull-ups by bulls. However, it should be noted that the current MACD indicator is still dead cross, the green column kinetic energy continues to increase, and the KDJ indicator dead cross intends to go down, which may give the bears sufficient downward momentum. Therefore, while being overall bearish on the daily line, it is also necessary to beware of another downward trend after the bulls rebound and correct. On the 4-hour chart, after yesterday's rebound, the current price has returned to run below the moving average, the moving average is still under pressure, and the Bollinger Bands are closing. Yesterday, the 5-day moving average also provided a certain rebound support for gold, but today it has become an upper pressure. Therefore, it is foreseen that the rebound strength of gold today will not be too strong, but it is still necessary to pay attention to the pressure near 2358. The current MACD indicator is golden cross, the red column kinetic energy begins to shrink, and the KDJ indicator is dead cross. At present, gold is in a volatile downward trend in the short term. On the hourly line, gold continues to show top signals, with continuous large negative lines going down. When rebounding, it is mostly small positive lines, but the large negative line directly covers the downward trend. This is a typical top signal, and the K line exerts force from above the moving average, breaking through the moving average in one step, and directly returning to yesterday's origin, continuing to be bearish to around 2325. Overall, today's short-term operation of gold is mainly short-selling after rebound, supplemented by long-selling after correction. The short-term focus on the upper side is the 2356-2358 resistance range, and the short-term focus on the lower side is the 2330-2326 support range.by MasterGoldTraderUpdated 61
29th MAY GOLD ANALYSISCurrent Price Movement Support Zone: 2348 - 2343 Resistance Level: 2370 Correction Phase: 2348 - 2343 The gold price is expected to correct downwards to the support zone between 2348 and 2343. Reasons for Correction: Profit-taking by short-term traders. Testing previous support levels to establish a stronger base for the next upward move. The gold price is currently undergoing a correction phase within the support zone of 2348 - 2343. It is expected to rebound and test the resistance at 2370 if the technical indicators align with the bullish scenario. Continuous monitoring of the moving averages, RSI, MACD, and volume will provide insights into the strength and direction of the next price movement. This analysis should be supplemented with up-to-date market news and fundamental factors that could impact gold prices, such as economic data releases and geopolitical developments.by TradingGuruTop227
28th May GOLD ANALYSISCurrent Market Overview: Gold is currently exhibiting a fluctuating trend influenced by a mix of global economic factors, including interest rate decisions by major central banks, geopolitical tensions, and fluctuations in the U.S. dollar. As of the latest data, gold prices are trading within a range, showing both bullish and bearish signals. Technical Analysis: Gold's price action suggests a potential for both upward and downward movement within specified zones. Key technical indicators such as moving averages, Relative Strength Index (RSI), and Fibonacci retracement levels are being considered to determine optimal entry and exit points. Trade Plan Sell Zone: 2366-2370 Entry Point: Initiate sell orders within the range of 2366 to 2370. Rationale: This zone is identified as a potential resistance level where selling pressure is expected to increase. Historical price action shows multiple rejections at this level, suggesting a strong sell-off point. Buy Zone: 2338-2341 Entry Point: Initiate buy orders within the range of 2338 to 2341. Rationale: This zone is identified as a potential support level where buying pressure is expected to increase. Historical price action indicates strong buying interest at this level, making it a strategic entry point for long positions.by TradingGuruTopUpdated 13
Gold Bullish above 2350 till 2370 to 2380Good Morning Traders, Till the time gold is moving above 2350 we can see 2370 and 2375. Below 2340 we can see 2332 and 2325. Plan accordingly, Happy Trading Our preference Buy from Dip.Longby vikasvasusharma3
XAUUSD May 28, 2024 How will gold inflation cool down?We can observe the expected target areas above to find reversal signals to enter a sell order. With recent signs of cooling inflation and the fact that the US economy in particular has been directly impacted by high interest rates, the employment rate has decreased. These things will make the Fed's statements no longer resolute in maintaining high interest rates. In addition, the European central bank ECB also announced data to support the interest rate cut in June. Signals show that gold will continue to be supported in the near future to continue its upward price trend. Looking at H1, we see that wave 4 is about to complete. With the price data from the morning of the previous day, we measured the price target at the 2351-2355 range, but now that we have new price data, we have more information. The 2 new target areas are area 2362.5 and area 2371 - Plus the momentum in the H4 frame is still in the overbought zone, this shows that the upward price momentum is showing signs of weakening, besides the H1 momentum is increasing and is also about to approach the oversold zone. reinforces the goals of wave 4 - We can observe the expected target areas above to find reversal signals to enter a sell order. 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. Shortby DEEKOPUpdated 2
Gold Support&Resistance Levels for comming week 20th May to 24thCurrent Scenario Resistance Levels: 2440: Gold has faced rejections around this area previously, indicating a strong resistance level. Traders should be cautious about going long near this level unless there is a decisive breakout. 2450: A major resistance level. If the price breaks and sustains above this level, it could trigger a significant short-covering rally. Support Levels: 2400: Immediate support. If gold dips to this level and holds, it could be a good opportunity to go long, considering the uptrend. 2375 : Another crucial support level. If this level holds, it reinforces the buy-the-dip strategy. 2370: If this level is violated, a reassessment of the bullish view is necessary, as it might indicate further downside potential. Trading Strategy Cautious Long Position Near 2440: Since this area has seen rejections, consider waiting for a clear breakout above 2440 before initiating long positions. Buy the Dip: Look for opportunities to buy near the 2400 and 2375 support levels, as long as they hold. These levels have shown strength in supporting the price. Watch 2370 Closely: If gold prices fall below 2370, it could invalidate the current bullish outlook, suggesting a potential shift in market sentiment. Potential Upside: If gold breaks above 2450 and sustains, a sharp move upwards to 2550-2600 could be on the cards. This would be driven by short-covering and new long positions entering the market. Summary Be cautious around 2440 resistance. Consider buying near 2400 and 2375 supports, maintaining a bullish outlook as long as these levels hold. Reassess positions if gold breaks below 2370. A breakout above 2450 could lead to a rapid move to 2550-2600, offering a significant upside potential. Stay sharp and ready for some thrilling action in the gold market! by rakeshreddymUpdated 5
buy setup on XAUUSDPrice has taken daily LQD on 2,331.86 level + tapped into demand (2,329.93 to 2,303.43) 15min give us a entry signalsLongby sukdevchauhan271
XAUUSD 1H BUY PROJECTION 28.05.24KEY POINTS: U.S. PCE data due on Friday Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold GOLD was flat at $2,350.85 per ounce, as of 0350 GMT, after rising about 1% in the previous session. U.S. gold futures GOLD rose 0.8% to $2,352.00.Longby kripsonfx972
Update Gold Analysis 23rd May Overview During the Tokyo trading session, gold experienced a dramatic fall, dropping from $2375 to $2355. This sharp decline suggests significant selling pressure and potential shifts in market sentiment. In response to this movement, traders should look for opportunities to enter the market at strategic sell zones, with each trade targeting 50 pips away to manage risk effectively. Technical Analysis Sharp Decline in Tokyo Session: Support and Resistance Levels: The decline from $2375 to $2355 indicates a strong resistance level at $2375 and a new support level at $2355. This movement sets the stage for identifying potential sell zones. Market Sentiment: Such a sharp drop often reflects a shift in market sentiment, possibly due to macroeconomic news, geopolitical developments, or changes in investor risk appetite. Identifying Sell Zones: Sell Zone Definition: In this context, a sell zone is an area on the chart where the price is likely to encounter resistance and reverse direction. Given the recent decline, potential sell zones can be identified near previous support levels that may now act as resistance. Strategic Entry Points: Based on the current price action, look for sell opportunities around $2365 to $2370, close to the previous support level at $2375. If the price retraces to these levels, it could provide an optimal entry point for short positions. Shortby TradingGuruTopUpdated 3