XAUUSD, GOLD Gold should sell from this supply and go down to demand, you can create a sell position with confirmation.Shortby imtiyazhakeem3351
XAUUSD June 13, 2024 After news of CPI and Fed interest ratesYesterday we had the Fed's announcement about the CPI index, we saw that this index was 0.3 to 0.4 lower than the previous period. This is the result when the Fed implemented tightening monetary policy in the past. After that, the FOMC meeting announced that interest rates would continue to remain at 5.5%. - This made gold yesterday, after the announcement of CPI increased to 2340, then the news that interest rates remained high at 5.5% continued to push gold prices down. Look at the H1 chart - Yesterday's pullback to the 2340 price range reached the 50% Fibo level, which is a level that has surpassed the usual 38% level of wave 4. This suggests to us a more complex wave model - For now, at this position, we observe the price zones to confirm the formation model, which are the price zone 2307 and the price zone 2287. - If the price holds above the 2307 area, then we will have wave 5 formed at the 2287 area, meaning wave C during the ABC correction looks like D1 has completed. Then we have wave C higher than bottom B. Looking at D1, we see that a new complex correction model can form (I will update later). - If the price breaks through the 2287 area, we have wave 5 targets as on the chart we mentioned before.Shortby DEEKOPUpdated 1
Gold Price: Potential Downturn Ahead as Market Signals ShiftThis chart tracks the price movements of Gold in USD per ounce over a four-hour timeframe, as of June 13, 2024. Here’s a simple breakdown: 1. **Current Price**: Gold is trading at around $2,301.84. 2. **Resistance Levels**: There are significant resistance points where selling pressure is high at around $2,340, $2,380, and $2,420. These levels are where the price struggles to go higher. 3. **Support Levels**: On the downside, there are support levels around $2,220 and $2,180, where buying interest might help keep the price from falling further. 4. **Trend**: The price has been generally moving up since early May, as shown by the upward trend line. However, there have been recent signs of this trend reversing. 5. **Market Signals**: - The chart shows points labeled 'CHOCH' (Change of Character) and 'BOS' (Break of Structure), which mark key changes in price trends. - The latest signals suggest that the market is turning bearish, indicating a possible decline in prices. 6. **Volume**: High trading volumes are noted around the resistance levels, indicating strong selling activity. 7. **Predicted Movement**: An arrow on the chart indicates that the price might drop soon, potentially reaching the support levels at $2,220 or $2,180. In essence, the chart suggests that gold prices could be heading downwards in the near future, given the recent shift in market sentiment and strong resistance at higher price levels.Shortby OptimaltradeX1
XAUUSD ANALYSIS OVER H4 CHART.Gold Price Forecast: XAU/USD maintains focus on $2,277 and the Fed and highly significant US CPI The price of gold is holding onto its two-day surge and defending the $2,300 mark early on Wednesday. Amidst the customary market caution before of the crucial US Federal Reserve (Fed) interest rate decision and the US inflation data release, gold dealers choose to stay out of the market. The price of gold has entered a consolidative phase, as can be seen on the daily chart, after breaking below the crucial confluence support zone at $2,350. The 21-day and 50-day Simple Moving Averages (SMAs) are in close proximity at that point. The 14-day Relative Strength Index (RSI), which is presently at 45.50 and below the 50 threshold, has once again gone downward, indicating that the dangers to the downside for the price of gold continue. The $2,300 barrier is now the area of immediate support; a drop below this level would put the $2,277 low from May 3 in jeopardy. For the decline to resume, there must be a persistent breach below the latter. This next crucial support is situated at the psychological barrier of $2,250. If there are any more drops, the 100-day SMA at $2,220 may be tested. Alternatively, the price of gold must rise over the previously indicated significant confluence support that has since turned into resistance, which is located around $2,350. Then, when they move toward the June 7 high, gold purchasers will stretch their biceps for the May 24 high of $2,364.Longby charliedavies7701
XAUUSD June 11, 2024 waiting for an opportunity to buy up?This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary policy. On Wednesday, CPI news will be released and will clearly show us the Fed's trend in the near future. When the forecasted indicators are very positive for the Fed's work to control inflation. If the news is announced as expected, it could be a signal for the Fed to loosen its monetary policy. Looking at H4, we see the recovery after the sharp decline last week, signaling that wave 4 is forming. - Looking at the corrective wave structure, we see that there have been 3 corrective waves a b c and the current position of wave c has also reached the target area that we predicted the day before. - It is possible that wave C in the corrective structure or wave 4 as shown on the chart has now formed and we expect wave 5 to continue the downtrend. - Looking at the momentum of the H4 frame, we see that the H4 momentum has reversed to decrease in the overbought area, this reinforces the upcoming decline. - We measure the end target of wave 5 ending at 2 price target areas: area 2264 and area 2229. In the immediate future, we can look for sell down orders When the price continues to target wave 5, which is 2264 or 2229, we look for buy orders. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.Shortby DEEKOP1
XAUUSD: INSTITUTIONAL ANALYSIS1. IN the 1 HOUR and 4 HOUR time frame the price has been making lower lows and lowers highs, which indicates bearish nature. 2. The market is currently making a pullback, a counter trend 3. So possible short entries are around the areas of imbalance and the bearish orderblock 4. Only make the entry after a 15 min change of character which is the confirmation of our analysis and trend Have a profitable Trading !Shortby VitalismTraders2
Buy gold now near 2302 we Will see huge upside, 2420 we sold Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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
Gold is bearish below 2315 can touch 2300 2387 2377Good Morning Traders, Till the time gold is moving below 2315 we can se more low levels 2300 2380 and 2377. If Gold will break 2315 and sustain above then only we can see 2330 2342 and 2356 Our preference is sell from high, Plan accordingly, Happy Trading 😊Shortby vikasvasusharma1
Gold Gold running in correction wave B , impulse 🌊🌊🌊 waiting for c wave 🌊 to Trade 🎯📉Longby Kishor631
XAUUSD buy given at 2300 CMP 2334 , 34 points profit hold it Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3- (T3 : 127.2 %) Target 4- (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTrader1
XAUUSD book profit at 2300 sold from 2420 , bought again at 2300Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . 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
Gold keeps on targeting lower levelsHey, you are biased! Yes, you can call me biased but I can't trade with breakout. Instead I try to find the false breakout. As you can see Gold again came back to test the old support zone. The more it tests the support level and invite bulls to trap, it gets stronger towards further downside. Two probable price action path provided. Shortby santanuj3
Sell GoldI will not say much, but if you see the current market them the bear will continue in the market, So sell gold.Shortby kaashi_malikUpdated 111
TWO BUY POSSIBILITY ON GOLD There will be a big buy move after the retest. Following the retest, I am looking to buy gold and am waiting for confirmation within a shorter period of time.Longby Knickk4
HEAD AND SHOULDER PATTERN IN GOLDGold in bearish mode no major support is there. Gold is around supply zone. If gold fall have bigger target. smaller stop loss big target.Shortby Gurlal_Pawar10
7th JUNE GOLD ANALYSISTo analyze the potential movement in gold prices based on the anticipation of nonfarm payroll news, and with specific target prices and stop-loss settings as you've described, we'll look into several factors: Nonfarm Payroll (NFP) News Impact: The nonfarm payroll report is a key economic indicator that represents the total number of paid U.S. workers excluding farm employees, government employees, private household employees, and employees of nonprofit organizations. Significant deviations from expectations in this report can cause substantial volatility in the financial markets, including gold. Gold's Response to Economic Indicators: Typically, gold is considered a safe-haven asset. In times of economic uncertainty or when the data is worse than expected, investors might flock to gold, driving up its price. Conversely, if the economic outlook is strong, gold prices can decrease as investors turn to riskier assets. Technical Analysis: You mentioned specific price targets for gold: Entry Zone: 2394-2398 Stop-Loss (SL): 5 prices above the entry Risk-Reward Ratio: You've set a risk-reward ratio of 1:3. This means for every unit of risk taken, the potential return is three times that risk. Shortby TradingGuruTop225
6th June GOLD ANALYSISWhen analyzing the recent price movement of gold and its implications, it's important to consider several factors that could influence the market and trading strategies. Here’s a structured analysis based on your current observations: 1. Technical Analysis Breaking the Bearish Channel: Gold breaking out of a bearish channel signifies a potential shift in market sentiment from bearish to bullish. This breakout is a technical signal that often encourages traders to look for buying opportunities as the expectation for upward movement increases. Lack of Clear Resistance: The absence of identifiable resistance levels following the breakout suggests that gold might have a relatively unobstructed path higher in the short term. However, historical price levels, psychological price points (like round numbers), and Fibonacci extensions might serve as implicit resistance levels. 2. Entry Zone and Price Targets Buying Zone (2351 - 2356): This narrow zone appears to be selected based on recent price consolidations or retracements post-breakout. It's crucial to monitor price action within this zone for confirmation signals such as bullish candlestick patterns or rebounding from moving averages. Risk-Reward Ratio (1:2.5): This ratio implies that for every unit of risk (e.g., a dollar, a point), there is an expectation to make 2.5 times that in profit. This risk management strategy is aggressive and aims for higher returns but should be backed by strong conviction in the bullish scenario.Longby TradingGuruTopUpdated 9
5th JUNE GOLD ANALYSISFor a refined analysis of gold trading, considering the given sell zones, we can focus on two specific strategies that traders can deploy: a reactive approach where traders wait for the zones to activate before selling, and a proactive approach where traders set limit orders in advance. Here’s how each can be implemented effectively: Strategy 1: Reactive Selling Strategy Sell Zone 1: 2347-2354 Sell Zone 2: 2358-2364 Overview : This strategy involves waiting for the price of gold to enter the specified sell zones before executing a sell order. Traders monitor the market actively and react once the conditions align. Execution : Monitoring: Traders need to keep a close eye on gold prices as they approach the sell zones. This can be facilitated through real-time price alerts. Confirmation : Once the price enters a sell zone, look for technical confirmation of a price reversal, such as bearish candlestick patterns (e.g., bearish engulfing, hanging man) or technical indicators like the RSI turning downwards from overbought conditions. Sell Execution: Execute the sell order only after confirming that the price is likely to decline, ensuring it's not merely touching the zone before a further upward movement. Stop-Loss: Set a stop-loss just above the highest point of the sell zone to minimize losses if the price unexpectedly rises. Profit Targets: Determine exit points either at a fixed profit target or at the next significant support level lower than the sell zones. Strategy 2: Proactive Limit Order Strategy Sell Zone 1: 2347-2354 Sell Zone 2: 2358-2364 Overview: This strategy uses limit orders set at predefined prices within the sell zones, allowing traders to automatically enter trades without needing to monitor prices continuously. Execution : Setting Limit Orders: Place sell limit orders at the higher end of each sell zone (e.g., 2354 and 2364) to capture the initial reversal momentum. Volume and Momentum Analysis: Before setting the orders, analyze historical volume and momentum data to ensure these points have previously acted as strong resistance levels. Stop-Loss: Place stop-loss orders just above the sell zones to protect against breakout risks. Automatic Execution: Since this strategy doesn't require continuous monitoring, it is suitable for traders who cannot watch the markets at all times. However, periodic checks are recommended to adjust the orders based on recent market behavior. Profit Targets: Set automatic take-profit levels based on historical support levels or predetermined profit goals. Risk Management Both strategies require careful risk management. It's vital to: Determine the size of the trade based on a percentage of the total trading capital to avoid significant impacts from a single trade. Use a risk-reward ratio that justifies the potential risk, typically no less than 1:2. Be aware of market news and economic events that could influence gold prices drastically, adjusting strategies as needed. Conclusion By using these strategies, traders can optimize their trading approach based on their ability to monitor the markets and their risk tolerance. The reactive strategy is ideal for those who can actively manage their trades, while the proactive strategy suits those needing a more set-and-forget approach. Both strategies leverage the defined sell zones to maximize potential returns while minimizing risks, accommodating different trading styles and schedules. Shortby TradingGuruTopUpdated 6
4th June Gold AnalysisAs of now, the gold price stands at $2,351 per ounce. To capitalize on potential selling opportunities, we've delineated two key zones where we anticipate strong sell entries, guided by the Smart Money concept, which focuses on identifying areas where institutional money is likely to have a significant impact. First Sell Zone: 2356-2362 USD - This zone is identified as a potential area for initiating sell orders. The range closely aligns with minor resistance levels where institutional sellers are expected to enter the market. Traders should monitor price action closely in this band for signs of reversal patterns or rejection signals that indicate a good selling opportunity. Second Sell Zone: 2365-2370 USD - Slightly higher on the scale, this zone represents a more aggressive selling area. It is selected based on historical resistance and the likely presence of order blocks placed by institutional traders. Entering sell orders in this zone could yield higher returns, but it comes with a greater risk, necessitating stringent risk management strategies. By employing the Smart Money concept, we focus on zones where large market players are likely to create significant price movements. Traders are advised to wait for confirmatory signals within these zones before placing trades to ensure alignment with smart money actions and to maximize the potential for profitable outcomes.Shortby TradingGuruTop5
BUY GOLD 10 JUNE its showing a good upward momentum BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically showing a strong trendline faceing secondly its faceing a stong support volumes are also down its a good one for buy BUY GOLD 10 JUNE its showing a good upward momentum with strong double confermation it will go up first one technically showing a strong trendline faceing secondly its faceing a stong support volumes are also down its a good one for buy Longby tradergyan01Updated 5
Gold directionless as of now..2335 to 2290 Is going to be a Crucial Zone. If Respected, 2 Possible Scenarios Green - 2466 Zone could be tested Yellow - Some more consolidation before the Next Lower Low around 2170 If Broken 1 Possible Scenario Red - 2220 Zone could be tested.by DrAnandMUpdated 101020
Gold volatility intensifiesSpot gold was sold off in large quantities due to the negative impact of non-agricultural data, reaching a low of $2,303. The rising structure of gold has been destroyed, showing a clear weak pattern, and it is expected to continue to be under pressure and fall. Therefore, it is recommended to pay attention to the support level of the $2,303-2,300 area. If the price is above this area, there may be a volatile trend; if it breaks below this area, it may open a new round of downward space. From the perspective of the market pattern, the price of gold alternates between long and short. The price fell after rising, and broke high and rose when rising, and broke low and extended when falling, forming a trumpet-shaped diffusion shock. Judging from the general rhythm, the price is still within the correction range. It is difficult to form a trend based on the rise or fall of a single news aspect. The current price has touched the support band of $2,303, the previous starting point, and has temporarily stabilized. Next, we need to pay attention to whether the closing line this week can stand above $2,325 to judge whether it can be effectively stabilized. On the whole, it is recommended that the short-term operation of gold next Monday is mainly longs on callbacks, supplemented by shorts on rebounds. The short-term focus on the upper side is the resistance range of $2338-2340, and the short-term focus on the lower side is the support range of $2303-2305.by MasterGoldTraderUpdated 40
Gold spot targeting lower zonesGold buy side invalidated as it rejects the final push by buyers..strongly reversed from 2364 zone. Now trying to break into the support, once it is done it can target for 2310 and 2290 zones.Shortby santanujUpdated 446