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
Update gold price at the beginning of the week!Hello everyone, let's explore the price movements of gold in the new week! At the beginning of the trading week, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian trading session. Currently, the price of gold is at $2369 and it is projected that in the short term, this metal may continue to decline after reaching the trendline and forming a descending triple top pattern. However, in the long term, gold still has an upward trend. The ongoing instability in the Middle East continues to drive the demand for gold as a safe haven asset to cope with political uncertainty. In terms of prospects and expectations for the week: This week, we should pay attention to economic data including new home sales figures for March released on Tuesday, durable goods orders for March on Wednesday, pending home sales, initial jobless claims, and preliminary Q1 GDP (including quarterly PCE) on Thursday, and March PCE on Friday. These will be crucial in determining the future movements of gold, so closely monitor them to stay updated on trading opportunities!by RKarina27
Gold bullish trade setup - April 20Gold bullish trade setup 2 scenarios If price breaks support, cancel bullish setup.Longby tina0001Updated 111
🔥GOLD TREND ANALYSIS NEXT WEEKYesterday, the gold market saw a strong rise under the influence of the geopolitical situation in the Middle East, reaching a maximum of $2,417 in the morning, but then the price retreated and the gains were completely digested. It rebounded again to $2,401 in the evening and finally closed at $2,390, exactly in line with our expectations. The daily chart shows a long upper shadow Yang line, and the short-term indicators continue to decline, forming a deviation from the K-line development. Technically, further rise is not optimistic for the time being. At present, the geopolitical situation in the Middle East remains a key factor in the market. However, judging from the current situation, it is unlikely that another escalation or even a large-scale war will break out (because Iran does not want the situation to escalate). If the war situation is downgraded, the buying power of gold may weaken, and the market may fall into shock or start to retreat. Judging from the weekly chart, bulls are still in a strong state, but it should be noted that the bottom may be reached in the form of a pullback next week, and one should not blindly chase higher. Technically, the 4-hour chart of gold shows a double top pattern. If risk aversion appears next week and pushes prices up again, but fails to break through new highs, it may continue to fall, which will further confirm the top pattern. The daily closing line of gold has not stabilized above 2400, indicating that 2400 is still a solid resistance level. Market sentiment is likely to remain cautious, with investors closely monitoring geopolitical developments and economic data releases for cues on future gold price movements. If geopolitical tensions escalate or economic uncertainty increases, gold could see renewed buying interest. A break above 2400 could lead to further upside momentum, with potential targets around 2420 and 2450. Failure to hold above 2400 could trigger profit-taking and a pullback in gold prices. In this scenario, key support levels to watch include 2375 and 2350. A break below these levels could pave the way for a deeper correction towards 2320 and 2300. Traders should closely monitor key levels and geopolitical developments to assess the direction of gold prices next week. Additionally, maintaining a prudent risk management strategy is essential to navigate potential volatility in the market.by JackBlackwellUpdated 41
Gold Next week Forecasting, Ready to FLY....Good Evening Traders, I am sharing Gold possible moves for the upcoming week. Gold is moving ATH (All time high), Levels due to the rising geo-political risk in the Middle East after the alleged reports of Israel's drone airstrike in Iran and still, there is no such possibilites where we can see further cool down the geo-political risk. Gold levels to understand both possible scenarios. Gold is bullish in all Time frames. selling gold this time is not a good Idea. we can see only retracements in the way of selling. Gold major and recent support is 2362 - 2352, if any case gold will break this level, only then we can anticipate Sell on retracement of same level till next support 2322. Or-else we can try to find Buy from every dip.In buy side if any candle close above 2400 then we can see buy from retracement of 2400 till 2431. 2431 is the hurdle for gold to reach 2468 to 2510 levels FOLLOW US by vikasvasusharma4
Gold continues to fluctuate and riseDue to the sudden intensification of the conflict between Iran and Israel on Friday, gold quickly rose to around 2417. After the market's risk aversion sentiment cooled down, the price quickly fell back to the resistance level of 2372, and then rebounded to around 2400, but did not effectively break through 2400. At present, the market is still in a volatile trend, but the overall trend is still volatile and rising. It is not recommended to go short. Because geopolitical conflicts in the Middle East may escalate at any time, although Israel and Iran still maintain a certain degree of restraint. As soon as the conflict escalates, the price of gold will soar. Trading strategy: From the chart, although the price of gold has not reached a new high, it is still fluctuating and rising along the upward trend line, so it is not recommended to sell at the moment. It is also not recommended to buy after the price rises rapidly. Recently, gold has always fallen back quickly after rising high. At present, gold may fall back to the 2370-2380 range. If the price falls back to this range, you can buy it.Longby winner-200434
🔥GOLD SET FOR TECHNICAL CORRECTIONGold rose rapidly in the morning, stimulated by the news, reaching a maximum of around 2417, with an increase of about $43. However, there was a retracement later, with the lowest falling to around 2380, basically erasing the morning gains. This dynamic may be a shuffling behavior by short-term short sellers with the help of news. If the morning rise is just a release of bullish energy, then the subsequent correction may not be very large. Although the daily system is still healthy, the price has exceeded market expectations, which may trigger the release of short pressure. As the European market continues to rise strongly or resist falling, we need to wait cautiously for the US market. Today is the end of the weekly chart. In early trading, there are signs of profit-making selling by bulls. It is not advisable to chase the bulls and avoid repeating the trend of last Friday. Although the bulls are currently strong, the Asian and European markets are still dominated by corrections, and it is not advisable to take high risks and operate against the trend.. If the bulls continue to strengthen, the support below will be difficult to reach. You can pay attention to the 5-minute K-line strength stop point to intervene in long orders, and defend at the low point of the K-line. The market is constantly changing and strategies need to be adjusted in a timely manner. Gold breaks through upward, and it is recommended to take advantage of the trend to be bullish. The 1-hour chart broke through the shock range and turned upward. If there is no support from breaking news during the day, the range may still be dominated by shocks. Generally speaking, today's short-term operation ideas are mainly callback longs, supplemented by rebound shorts, focusing on the resistance range of 2400-2412 at the top and the support range of 2365-2375 at the bottom.by JackBlackwellUpdated 46
How does gold price move today?Global gold prices have witnessed a significant price increase due to ongoing tensions in the Middle East, despite positive economic data from the US. The escalation of tensions, with Israel expressing its intention to respond to attacks from Iran, has ignored calls for restraint from the West. In this context, with the continued increase in geopolitical instability, gold prices are likely to continue to rise towards the $2,500 mark. The precious metal is currently moving towards the 1.618 Fibonacci price level, an important profit-taking point, in line with Dow Theory predictions.Longby RKarina25
XAUUSD Weekly Swing Trading for Sell1. Weekly RSI Expecting to Touch 84.26 2. First POI for Sell on Weekly and monthly trendline resistant Area 2452 3. Second POI for Sell on Weekly and Monthly Trendline Resistant are 2476 & 2500by lakshmikanthakula0