Brief analysis of GoldFacing strong resistance at $2050.00, we may witness a decline in the gold market over the next few days.by nadeem_fx3224
Gold next move (Ideally a correction is required)(29-02-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (29-02-2024) Current price- 2030 "if Price stay below 2042, then next target is 2020 and 2010 and above that 2050. -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 101083
XAUUSD (GOLD is calling for Scalpers and Day Traders)Reason for Trade is Elliot third wave and Trendline breakout Strategy Entry price ,stoploss, Target already marked in the chart itself FYI. Guys pls like, follow and share with your friends Thank You and I wish everybody should win.Longby profits2winUpdated 3
XAUUSDA trading channel is drawn using parallel lines that follow the price floor (support) and price ceiling (resistance). With a trading channel, smart traders sell stocks at the upper resistance line, hold stocks within the parallel trend lines, and buy stocks at the lower support lines.Longby S_VIGNESH110
Gold next move (Bulls are loosing strength)(28-02-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (28-02-2024) Current price- 2033 "if Price stay below 2045, then next target is 2020 and 2010 and below that 2050. -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 4457
XAUUSD 4H W PATTERN FORMATION Reason Behind Bullish 1. Formation Of W Pattern in 4H 2. Break Resistance @ 2036 Overall Possible Outcomes 🔹FX SIGNAL GOLD BUY 2035.50 SL 2030.00 TP 2048.20Longby kripsonfx973
XAUUSD/GOLD DAILY SUPPORT AND RESISTANCE lookout for intraday or level trading for support and resistance for GOLD trade wisely Watch on Levels high imapact news tonightby SamsTradingAcademy0
Bull cross keeps Gold buyers hopeful ahead of Fed InflationThe price of spot Gold (XAUUSD) defends the previous day’s rebound from a weekly low despite lacking momentum around $2,035 early Thursday. In doing so, the yellow metal portrays the market’s anxiety ahead of the US Federal Reserve’s (Fed) preferred inflation gauge, namely the US Core Personal Consumption Expenditure (PCE) Price Index. It should be noted that the sluggish MACD signals and steady RSI near 50.00 also depict the trader’s lack of conviction. However, the 50-SMA pierces off the 200-SMA from below and portrays a bullish moving average crossover, namely the Bull Cross, which in turn suggests a short-term upside bias of the market. The same highlights $2,042 as an immediate resistance ahead of an eight-week-old horizontal area surrounding $2,062-66 that holds the key to the bullion’s further advances. In a case where the quote remains firmer past $2,066, the late 2023 peak of around $2,088 and the $2,100 round figure will lure the XAUUSD bulls. On the flip side, an area comprising the 50-SMA and the 200-SMA, around $2,028-26, restricts short-term declines in the Gold price. Following that, the $2,010 level and the previous monthly low of around $2,001 could test the XAUUSD bears before giving them control. In that case, the monthly bottom surrounding $1,984 and the late 2023 trough near $1,973 will be imperative to watch as the final defenses of the buyers. Overall, the Gold buyers are in command ahead of the key US data but the upside room appears limited.by MTradingGlobal0
Xauusd todayHey everyone, let's delve into the current gold prices! During the previous trading session, the price of gold remained steady, ranging from $2022 to $2025. Investors are eagerly awaiting fresh economic data from the United States in order to assess the future direction of interest rates as determined by the Federal Reserve (Fed). At the moment, gold finds itself in a temporary stalemate, torn between expectations regarding interest rates and the demand for a safe haven amidst geopolitical tensions. The latest minutes from the Fed's policy meeting have revealed a general concern among policymakers regarding the risks associated with premature interest rate cuts, which has exerted significant pressure on gold. In my opinion, there is a possibility that gold prices could rise to a range of $2040 - $2042 before experiencing a correction if it reaches the limit of its downward trend. Shortby RKarinaUpdated 2255
Gold price today: Trading is quietHello everyone, gold traded relatively calmly today at a high level after breaking out of the previous downtrend. Today, the price of gold was supported by the decline in US Treasury bond yields. As a result, the US dollar (USD) weakened as the US Dollar Index (DXY), which tracks this currency against six other currencies, fell by 0.05%. From the analysis chart: Gold is trading sideways as XAU/USD has been unable to surpass the psychological resistance level of $2,035 for the past 12 days. However, the upward trend is still intact, and if buyers reclaim the $2,035 level, it could open up an opportunity to challenge the psychological level of $2,050.by RKarinaUpdated 28
XAUUSD ANALYSIS POST GDP AND PCE DATA XAU/USD (Gold/US Dollar): Recent Trend: Trending between $2040-$2020 in moderate risk. Current range: $2040-$2020(Hook Zone) Trading Range: Based on recent trends and support/resistance levels, trading range for buying or selling stands at highs and lows. Additional Notes: Waiting for updated support/resistance (SR) range after USA data release. Recent Trend: Prices are stable in one zone; technical analysis suggests holding trades until a range is activated beyond this zone. Market News: Federal Reserve Statements: Christopher Waller: No rush to begin cutting interest rates. Jeffrey Schmid: No need to preemptively adjust policy stance; Fed should be patient. Implication: Hawkish statements suggest reduced likelihood of rate cuts in upcoming meetings (May or June). by sagaahhelite3
#xauusd #gold #sell #forexGold response 30 min resistance Trend line... It's seems to go low from here 29/02/2024 was expecting sell side targets 2025-2022 Shortby Mrsubash0
#xauusd #gdb #news #forex gold already respect our all TP, now be ready for reentry for sell side , but don't get high risk stick with SL 2039.50 Entry 2035-2036 tp same Shortby Mrsubash0
Xauusd short possible Xauusd sell now at price 2032 Stop loss 2034.77 Target one 2029 Target two 2025 Target three 2021 Risk reward ratio 1 : 8 Open a sell trade and thanks me later Fore more updates follow fxlifestylemanpritfx Shortby ManpritSingh0786111
Gold Trend 26/02The expectation of the Fed's interest rate cuts continues to support the fundamentals of the gold price. However, since the market kept delaying the rate cuts schedule without significant economic news, gold was traded sideways above 2020 last week. More news is expected this week, with the US announcing durable goods orders, 4Q GDP, PCE inflation, and manufacturing PMI. Regardless of whether the data is better or worse than expectations, the daily price fluctuations of gold should be widened toward around the $20 range. Considering the current market sentiment, unless these data significantly exceed expectations, it will not be easy for gold to break free from the current sideway sentiment. Therefore, we can continue to take advantage of the 2015-2040 range this week. 1hr chart - Last week, the daily price fluctuations of gold expanded from a narrow range at the beginning of the week to a broader USD 25 range (1) near the week's end. The market dynamics should be similar to last Fri. on data release days this week. The resistance zone around 2035-2040 is still valid, and the day trading strategy should continue to be based on the range of 2015-40. Daily Chart - After the rejection of 2041 on Friday, the rebounding cycle from the bottom of the downward channel(3) is getting close to an end. Short-selling near 2040 in the next 1-2 days will be ideal if the gold price is to touch 2040 again. Once the price falls below the 20-day ma(4) near the end of this week, the adjustment target can be set at 2010 or even lower for next week. S-T resistances: 2045 2040 2035 Market price: 2031 S-T supports: 2030 2025 2018-20 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. Toby 1uptickUpdated 1
Gold price today February 27: Great leap forward?Dear beloved friends, yesterday's gold trading session was relatively calm with no significant fluctuations. At present, the price is still hovering around $2033 and maintaining support at $2025. In the short and medium term, the upward momentum of gold is still highly regarded. From today's chart, the two main targets for buyers are $2037 and $2041. Regarding predictions, the market is awaiting the release of the US Personal Consumption Expenditures (PCE) report. This crucial inflation data is expected to provide investors with further clues about the future direction of interest rates by the Federal Reserve. The report is scheduled to be released on Thursday, with a projected monthly increase of 0.4%. If the PCE data exceeds expectations, gold prices may decline. However, this precious metal is still expected to remain above $2000 per ounce.Longby RKarinaUpdated 26
#xauusd #news #gold Welcome sell ❣️... Seller be Ready it's time' for get some more profits✅ Set TP - 1,2,3 and just chill broww 🫂Shortby Mrsubash222
Gold next move (Bulls is preparing for a ride again)(26-02-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (26-02-2024) Current price- 2035 "if Price stay above 2028, then next target is 2042 and 2050 and below that 2020,2016. -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 4479
#xauusd #gold #xauusdgoldcheck out previos post.... who take buy with me!! congrats dear's almost we got 80% of just set BE and chill followe me for more analysis #gold #banknifty #forex #nseLongby Mrsubash0
Gold xauusd Gold xauusd very strong resistance level Sell 2037 Sl 2041 Tp 2025Shortby vishalbagade7120
Plan Trading Gold for February 27Yesterday, the candle closed with a long red body, indicating a significant price pullback from 25. The price range of approximately 12 points suggests market indecision, waiting for a reaction. Important news today: Durable Goods Orders m/m at 20:30 (better for the currency if higher). The most recent occurrence was on January 25th, with negative news causing the price to drop to 7 points and then increase by 14 points from the bottom. On December 22nd, positive news led to a drop of 5 points, followed by a rise of 12 points from the bottom. CB Consumer Confidence at 22:00 (better for the currency). On December 30th, positive news caused a price surge of 12 points before the release, and after the news, it dropped by 19 points, exhibiting a high volatility. On December 20th, negative news for the currency resulted in a 3-point increase in gold prices followed by a decrease of 7 points. Today is expected to be highly volatile (with potential fluctuations of 20-25 points throughout the day). Key buy/sell zones: Sell zone 01: 44 Sell zone 02: 47-49 Buy zone 01: 24-25 Buy zone 02: 16-18 Scalping orders (close orders before news): Sell at 40, sell at 36, buy at 26. Wishing everyone a fantastic day and big wins!by DucFI0
XAUUSDHello dear colleagues, what do you think the closing price of gold will be today? Last night, the price of gold decreased despite the sharp decline in the US dollar. Normally, a weaker US dollar would support an increase in the price of gold. However, in the last session, it defied market norms with a decline in the USD due to forecasts showing durable goods orders in the US dropping from 0% in the previous month to -4.7% in January, and core durable goods orders falling from 0.6% to 0.2%. Despite gloomy economic forecasts, the stock market remains surprisingly optimistic. Globally, US and Japanese stocks have been continuously setting new records at the beginning of this year. With a 7% increase since the end of 2023, money is shifting from traditional safe havens like gold to stocks, potentially setting the stage for a recovery in the price of gold.Shortby RKarina11