XAUUSD 1H SELL PROJECTION 05.04.24Reason Behind SELL 1.Breaked Support @ashoksharma_2285 2.Immediate Support @ 2280 Which Entry Point 3. Formed Three white soldiers 4. Retesing Yesterday Low Overll Possible Outcomes GOLD SELL 2279.20 SL 2290.15 TP 2252.00 Shortby kripsonfx971
XAUSUD is ready🚀XAUUSD Which is showing a great opportunity XAUUSD is ready to breakout. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.by ChartSight4
Gold price extends pullback from record high ahead of US NFPAfter rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high and closed in the red. That said, the precious metal’s retreat remains intact early Friday as the US Dollar pares weekly losses ahead of the key US employment data, mainly the Nonfarm Payrolls (NFP). Technically, the XAUUSD justified overbought RSI conditions and sluggish MACD signals to ease from the record high. This suggests brighter chances of the bullion’s further pullback toward a one-month-old previous resistance line, close to $2,258 by the press time. However, the quote’s downside past $2,258 appears difficult as an ascending trend line from late February challenges the bears around $2,220. Even if the commodity price manages to break the $2,220 support line, the $2,200 threshold and a four-month-old horizontal region surrounding $2,141-50 will be tough nuts to crack for the bears before taking control. On the flip side, the Gold price rebound needs validation from the $2,300 threshold and downbeat prints from the US employment data. Following that, an upward-sloping resistance line from March 21, close to $2,313, will restrict further advances of the XAUUSD. It should be noted that the quote’s sustained run-up beyond $2,313 enables it to aim for the 78.6% and the 100% Fibonacci Extension (FE) levels of its February-March moves, near $2,345 and $2,398 respectively. Following that, the $2,400 will act as the final defense of the sellers. Overall, the Gold price remains bullish beyond $2,141 but a short-term pullback can’t be ruled out unless today’s US jobs report disappoints the US Dollar bulls.by MTradingGlobal2
GOLD - ready NEW MAXIMUM?!We had a volatile day yesterday, with gold prices skyrocketing from 2275 to a new peak of 2305. Today continues to be an important day with news that could trigger a price correction. While gold is not typically a top choice for technical analysis, it is currently approaching the top of the price channel. However, we also know that gold is always a sought-after asset for investment and storage, continuing to drive prices up. So I set my next target for gold at the new price level - 2320. Please share your thoughts or opinions, I always look forward to hearing from you.Longby RKarinaUpdated 54
Technically, gold will continue to riseOn April 4, gold was correcting its recent extreme overbought conditions. The 4-hour chart showed that technical indicators fell sharply, almost vertically downward, but still well above the midline. The highs and retracements have not changed gold's original bullish technical barriers. The large structure does not require too much analysis at present, and it is a relatively obvious bullish trend. Not to mention the previous increase in the monthly K line, the physical Dayang K in March is enough to support gold's certain increase in April. Week K also rose by 100+ US dollars starting from 2146 after the weekly red three soldiers, and there is currently no sign of retreat. At this stage, the small cycle operation of hourly and four-hour lines cannot judge the effective resistance above. Without significant bad news or a rapid decline caused by a large number of selling, gold will still be mainly long. Looking at the 60-minute chart, the 20-day moving average and the 50-day moving average extend upward in parallel, and the MACD indicator is also well above the 0 axis, indicating that it is still in a strong upward stage. Unless there is major news that is not conducive to the rise, the rise will continue. The first support level is seen near $2,288. If the price falls back to $2,285-2,288, you can go short and long. Highs above are expected to be around $2,315. If the price falls below $2,280, the price may then fluctuate in the range of $2,265-2,288. But as long as the price touches around $2,165, you can still go long.Longby winner-2004Updated 41
xauusd looking for sellas per price action price has been taken yesterday high liquidity . now going to test low level 2266 is our ideal target. price action also our favour and As per smc fvg and orderblock also filled......Shortby TheMoneyOcean2
BECAREFULL WITH GOLDMarket still round 2193 to 2203 Wait today...today Unemployment and Final GDP NEWS If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300 If market cross & CLOSE BELOW 2145 it will be RED ROSE... then NEXT buy zones will be 2038-2025 1995-1973 1948-1931 1829-1811 Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN ... SO 60%SELL AND 40% BUYING Sell Flip Zone 2203-2209 EURUSD,GBPUSD,NZDUSD,AUDUSD starts falls so GOLD also will FALL soon... Low equity members avoid trade today... Use small lot max 0.01- 0.03 and 6-7 orders SELL @ 1st sell zone 2198-2200 2nd sell zone 2203-2207 Sl 2213 Tp 2193 Tp 2186 Tp 2176 Tp 2160 Tp 2148 Tp 2038 Tp 1950 Tp 1840 Buy stop @2212.8 x2lot size of sell total order Tp 2221 Tp 2238 Tp 2270 Tp 2300 or avoid trade today NOTES: EDUCATIONAL PURPOSEby FIVE_WOLVESUpdated 5
Gold continues to increase strongly!Hello, my notable friends! Today, the price of gold has seen an impressive increase, with spot gold rising by $29.9 to $2,281 per ounce. This significant surge on April 2nd, according to US time, has been driven by the relentless demand for a safe haven amidst escalating tensions in the Middle East. The gold market continues to defy the strength of the US dollar and predictions of interest rate cuts in the US, consistently setting new records. Furthermore, strong demand from retail investors and global central banks also play a crucial role in extending the upward momentum of this precious metal. Considering these factors, a target of $2,300 for gold seems not only feasible but highly likely!Longby RKarinaUpdated 4452
Gold continues to discover new peaks!Today, gold continued to impress, surpassing the $2,300 mark, a significant achievement even as the US dollar and bond yields both increased pressure. The shortage of gold supply, thanks to central banks around the world actively stockpiling and strong interest from hedge funds, has pushed gold prices to new highs. From a technical perspective, gold continues to show outstanding strength, stabilizing above the EMA 34 and 89 and showing an upward trend in price over many time frames. Based on this solid support and technical analysis, gold is forecast to continue rising, with the next target being the Fibonacci level of 2460 USD. For those investing in gold, this promising adventure is just beginning.Longby RKarinaUpdated 16
XAUUSD gold: next phase of bull market??not just on weekly basis.. but gold has broken monthly trendline resistance. it has formed cup n handle pattern .. which further coincides with trendline breakout.. the target zone for gold is 3000-3100 USD in few months.. but it has entered into a strong bull phase.. by vinayj2812
XAUUSD ready for $2500??gold has broken weekly resistance area comprehensively by forming inverted head and shoulder.. and it seems ready to test $2500.. so its better to enter in buying with some retracement and on immediate support area.. by vinayj2813
GOLD GOOD FALL DETECTEDGold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure breakout then grab it Follows for more SURESHOOT tradeing setup Gold showing a good falling due to The neckline breakout Strategy Also a heavy fall also showing due to volume Increasing for sell Just wait for pure breakout then grab itShortby tradergyan012
XAU/USD Bullish trend might endBullish trend might reverse into bearish trend and maybe some profit bookingsShortby ritam_007446
Gold will hit $2,300On April 3, gold surged to hit 2300? The factors why such a surge mainly stems from three aspects: First, the market expects the Federal Reserve to cut interest rates. We have repeatedly emphasized in the past that it is only a matter of time before the Federal Reserve cuts interest rates. This is also the main driving force for the market to continue to be bullish on gold. Even if there is news in the short-term market that is not conducive to interest rate cuts, it is only a short-term behavior and does not hinder the bullishness in the medium and long term. This bullish factor continues, so gold's rise to 2300 may be a small target in the future. In the medium and long term, it is possible for gold to rise to 2400-2500 before and after the Federal Reserve interest rate decision in June. The second is the influence of geopolitical factors. Recent incidents related to the Russia-Ukraine war and the situation in the Middle East have occurred frequently, and there are conditions and possibilities for escalation. Under such global risk challenges, the demand for gold as a safe haven has been continuously strengthened. , combined with the first point above, geopolitical factors have undoubtedly accelerated the bullish sentiment of gold, which is already bullish in the medium and long term. Third, although the U.S. dollar is currently strong, this strength is difficult to maintain and is not recognized by the market. After all, there are always expectations for the Federal Reserve to cut interest rates, so it is difficult for the U.S. dollar to remain strong for a long time, and the U.S. dollar index itself is also technically at a high level. status, and judging from the recent linkage between the U.S. Index and gold, once the U.S. Index drops, gold will follow the U.S. Index to rise in the opposite direction, and it is unlikely that the U.S. Index will be stronger, which will lead to There is not much room for gold to adjust. In short, the demand for adjustments in the US index's future technology will also bring bullish momentum to gold. Returning to the current market, the daily line has been positive for 6 consecutive times, the overall rising structure remains good, and the indicator rising structure remains good. In the 4-hour chart, the stochastic indicator golden cross is upward, the main bull is running upward, and the shape is also a continuous broken sun oscillating upward. From any technical point of view, it is bullish, and the retracement is bullish. On the whole, it is recommended to buy long positions after the pullback in gold operation today. The upper resistance level focuses on the resistance in the 2290-2300 range, and the short-term support below focuses on the 2250-2265 range. If the price falls back to the 2250-2265 range, you can go long.The expected take-profit price above is in the range of 2290-2300 US dollarsLongby winner-2004Updated 39
shortthis is taking resistant in previous rejection area hence we can expect a fall from cmp till the previous level of supportShortby Magesh1510-11Updated 0
XAUUSDOh my goodness, everyone! You won't believe how gold has been shining like a diamond lately! On Wednesday, for the seventh consecutive day, gold (XAU/USD) reached an all-time high of around $2,282. Isn't that incredible? With all the drama unfolding - from the heartbreaking conflict between Russia and Ukraine to the simmering tensions in the Middle East, not to mention the devastating earthquake in Taiwan - it's no surprise that gold has become a safe haven for anyone seeking refuge. Just like when the stock market feels like a roller coaster ride, gold becomes our calm in the storm. And guess what? The US dollar (USD) decided to take a little nap, which only added to the allure of gold. It seems like the speculators betting against the Fed's interest rate cuts are throwing all the drama aside, making gold even more enticing. With this fascinating backdrop, it's quite clear that the path of least resistance for gold is upwards. So, will the price decrease slightly? I say this is a fantastic buying opportunity for XAUUSD. Let's admire those golden moments together!Longby RKarinaUpdated 24
Gold upcoming move 2266 above bullishGood Morning Traders, Till the time Gold is moving in Alien (un known)zone. We cant predict gold retracement zone from where gold can return, So we are using a old method Fibonacci Reverse Levels. In which you can see in Chart we can expect gold levels from where we can see the reversal or retracements and the levels are 2288, 2293 and 2300. So we can see these levels soon, We are not recommended any sell for now. marekt is totaly bullish as per all time frames and Geo political situation. We can see sell from high levels as given.Longby FCSASHISHJAIN112
Gold may temporarily enter a shock phaseIn terms of news, the Federal Reserve kept interest rates unchanged in March, but Federal Reserve Chairman Powell reiterated that it is expected to cut interest rates three times this year. This shows that the recent overheating inflation has not changed the Fed's plan. The market's expectations for the Federal Reserve to cut interest rates have increased. Gold has ended its adjustment and has risen again. , and continue to set new historical highs. The U.S. fourth-quarter PCE data was lower than market expectations, showing that core inflationary pressures have eased. The February PCE data recorded the smallest increase since March 2021, indicating that U.S. inflation is slowing, indicating that the Federal Reserve may start cutting interest rates in June. Gold bulls took profits on Monday, and the U.S. ISM manufacturing data for March was impressive, setting a new high since September 2022 and returning above the 50 boom-bust line. Gold fell sharply in the short term, but supported by expectations of interest rate cuts, gold prices have recovered all losses. . On the daily chart, since the Federal Reserve meeting in March reiterated that it may cut interest rates three times this year, gold has ended its adjustment trend, surpassed the short-term downward pressure line, and restarted its upward trend. The price of gold has continued to set new historical highs, and its performance is very strong. For pressure above gold, focus on the historical high of US$2,265. The current gold price is on the rise, and there is a breakthrough opportunity. Secondly, focus on the upper limit of the annual K-line Bollinger Band at US$2,275. It continues to strengthen and has the opportunity to test the integer position of US$2,300. For support below, focus on the daily Bollinger Band. The upper track is around $2,245, followed by the weekly Bollinger Band track of $2,228. The 5-day moving average and MACD indicator golden cross diverge, the Bollinger Bands channel is upward, and the KDJ and RSI indicator golden cross are upward, indicating that the short-term technical outlook is biased towards the long side. Gold intraday reference: Investors have high expectations for the Federal Reserve to cut interest rates in June, which continues to support the rise of gold. At present, gold continues to test upward, and is temporarily suppressed by the historical high near US$2,265. If it achieves a breakthrough, it will have the opportunity to test US$2,275. It will continue to strengthen. The upper space has the opportunity to test US$2,300. If it encounters resistance, it will start to fluctuate at a high level. The support below will focus on US$2,245. Followed by $2228. Longby winner-2004Updated 54
Gold price continues to adjust after increasing sequentially!Hello dear friends, today gold continues to hold its ground at a high level despite some slight adjustments, but overall the price increase shows no signs of cooling down. Currently, the price of gold is trading around $2250, down 150 pips from yesterday as precious metals undergo a correction after a strong surge. Looking ahead, gold continues to be supported by the safe-haven demand due to the early rate cuts by the Fed. The ongoing war is causing economic downturn in some countries, leading investors to flock to gold. However, in the short term, the price is forming a new peak at high levels and a downward trendline is emerging. Following the principle, gold is expected to retrace back to the EMA 89 after breaking the support level at $2235. Today, let's continue to look for selling opportunities. Wishing everyone happy trading and profitable outcomes! Trading plan for April 2nd: 👨💻 XAUUSD BUY zone 2231 - 2229 🔹SL 2225 🔹TP 2240 - 2250 - 2260 Wishing you all full TP 💵💵💵by RKarinaUpdated 14
What's interesting about gold today? Up or down? Welcome, everyone! Last week was nothing short of a gold fever, as the precious metal reached unprecedented heights. Fast forward to today, gold has once again soared, hitting $2265, marking a notable increase of $25 in the early hours of Monday's trading session. This surge in gold's value is primarily driven by declining treasury bond yields and a weakening USD, with anticipated Fed rate cuts serving as a potent catalyst for this splendid revival. Looking into today's trajectory and the week ahead, the outlook on gold remains positive. However, we might witness a slight consolidation following the recent explosive recovery as the metal seeks a healthy correction to bolster its upward journey, alongside a reevaluation of its EMA line. The support zone to watch ranges from $2225 to $2235, aligning with the Fibonacci retracement levels of 0.5 - 0.618. If you find this detailed insight intriguing, don't hesitate to hit like and share your thoughts in the comments section!Shortby RKarinaUpdated 30
April 2, 2024 trading strategyThe record rise in gold prices is a sign that investors are worried that the Fed will not be able to control inflation when it starts cutting interest rates. Investors should wait for a pullback before buying. Gold may return to the price of 2,150 USD and will attract a number of new investors. The upward trend of world gold prices continues as the market is witnessing that central banks of countries are selling off the USD. to buy gold. If the US job market is stronger than expected, combined with "persistent" inflation, it may force the Fed to delay the start of the monetary policy loosening cycle. This will negatively impact precious metals. Longby TrategySherpa5
Update the latest gold price today!Warm greetings, beloved traders! Let's strategize for the gold market this week! Last week, gold experienced an impressive and strong upward trend, reaching its all-time high. Today, we see this precious metal surging to $2,263, marking a $31 increase in the early hours of Monday's trading session. The rise in gold is primarily driven by lower bond yields and a weakened US dollar, along with anticipated interest rate cuts by the Fed, which serve as strong catalysts for this vibrant recovery. Looking at the trajectory of gold today and this week, the long-term prospects remain optimistic. However, a slight consolidation may occur after the recent sharp increase as the metal seeks a healthy correction to solidify its upward journey. The support zone to monitor fluctuates between $2,200 - $2,215. Wishing you a prosperous and exciting trading week ahead!Longby RKarinaUpdated 36
Gold will continue to riseOn April 1, gold rose sharply last week, ending March with the highest monthly closing price in history. There are many events this week. In addition to the economic data such as the U.S. non-farm report and global PMI, most officials from the Federal Reserve have given speeches. Their attitude towards the Fed's interest rate cut will directly affect the rise and fall of gold in the future. The Israeli-Palestinian conflict escalated. The Israeli military announced the killing of two senior Hamas leaders, and the probability of interest rate cuts increased. Gold has been rising sharply. It opened directly above 2260 on Monday and has been breaking through all-time highs. However, the follow-up time coincides with the Easter holiday, and the financial markets in most European and American countries are closed. It is expected that the European and American trading may be subject to certain restrictions. It can be said that gold has soared due to the extreme news, and this week's non-agricultural data will be the market's focus. Although February's non-farm payrolls data significantly exceeded market expectations, the dollar was still under selling pressure because the data for January and December last year were revised downwards. If March non-farm payrolls data is stronger than expected and there is no significant revision to past data, the dollar could outperform its rivals and put knee-jerk pressure on gold. On the contrary, gold will still rise sharply In short, under such extreme emotions, it is even more important not to engage in short-term short-term operations, because both technical and fundamental factors coincide with the rise, and short orders go against the trend, which is extremely risky. Regarding the refusal to participate in short orders, I have been shouting for more than a day or two. If you want to go short in the future market, you need to meet two conditions: First, technically the upper limit touches around 2300 before considering it. Second, the fundamentals must have clear negative pressure, and even if the above two conditions are met, the adjustment may only be a short-term behavior. Judging from the 60-minute chart, gold is currently in the fallback stage after a surge, and the price is expected to fall back to the $2,240-2,250 range. Radical traders can go long with light positions in this range. The expected take-profit price above is around $2,270. Short selling is not recommended for the time being, and there is still room for growth in the future.Longby winner-2004Updated 58