XAU COUNTINUE TIME TO RETRACE in my bias xau will make some retrace my target is 423 fibo m5Shortby yyusrizal1
Mix of Data : Gold to Show Significant Volatility.2400 is going to be the Ultimate Zone, that could be Decisive. Above 2400, 2500+ could be tested.. Below 2400, 2300 2250 zones could be testedShortby DrAnandMUpdated 12
XAUUSD 13/5 - 17/5Plan to trade XAU this week Current trend is up. We will buy after break Pullback as screenshot Buy when breakout 2345, stoploss 2335 If Up trend is breakdown, should Buy at 2280, No Short Longby ichimasterUpdated 2
TP HIT ON GOLD XAUUSDTP hit on gold . .you can see my last post on gold .I placed to BUY order AND trade active , which is a strong DEMAND ZONE.Longby Knickk4
xau/usd trade analysisif price brake through 2393 area and retest that zone one can open long position long area 2372 tgt1 2397 tgt2 2406 sl area 2368Longby Harsh81885
Gold stays bullish despite recent pullback, focus on $2,400 Gold price lacks clear directions after retreating from the highest level in a month while snapping a two-day winning streak. In doing so, the XAUUSD eased from a one-month-old horizontal resistance zone surrounding the $2,400 threshold. The pullback also gained strength from the US Dollar’s rebound. However, the bullion still carries an early-week breakout of a descending resistance line from April 12, now immediate support around $2,365. Additionally, keeping the buyers hopeful are the bullish MACD signals and the upbeat RSI (14) line. With this, the quote is likely to prevail on the bull’s radar and can gain more upside strength on crossing the $2,400 hurdle. In that case, the $2,418 and $2,431 will lure the bulls before directing them towards refreshing the all-time high by targeting the $2,500 threshold. It’s worth noting that the Gold price weakness past the resistance-turned-support line of $2,365 won’t open the doors for the sellers as the 21-SMA and an upward-sloping trend line from mid-March, respectively near $2,336 and $2,318, will challenge the commodity’s south-run. Should the precious metal remain bearish past $2,318, the $2,300 round figure and the monthly low of nearly $2,277 will be the final defense of the buyers. Following that, the XAUUSD’s fall toward the late March swing high of $2,222 can’t be ruled out.by MTradingGlobal0
🔥Gold returns to slow bullish trend💲On the daily line, gold recorded a positive column, and the real column successfully crossed the short-period moving average and maintained above the moving average of each period. The overall Bollinger trend remains upward, although it has not yet fully opened its mouth. Observing from short-term indicators, the downward potential energy has shown signs of slowing down, and MACD also has the intention to form a golden cross. If it can be accompanied by an increase in trading volume, this may further increase the strength of multiple parties and prompt gold prices to rise again. After the previous two days of adjustments, the effectiveness of the support around $2,330 has been basically confirmed. So far, the price of gold has risen steadily to above $2,360, showing a slow bullish upward trend. However, this slow rising trend is often not very strong. Once affected by negative factors, the price may retract very quickly. In the short term, the main resistance faced by gold prices is located at $2,378. If it can effectively break through this resistance, it is expected to further challenge the $2,400 mark. On the whole, today's short-term gold operation advice is to focus on callbacks and shorts, with the upper short-term focus on the 2378-2380 resistance range and the lower short-term focus on the 2355-2360 support range.by MasterGoldTraderUpdated 5
XAU increased while US inflation cooledYesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%. The DXY index fluctuates around 104.20. The decline in US government bond yields is weakening the USD. US government bond yields for 2-year and 10-year terms were at 4.71% and 4.32 respectively after the data was published. Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.by NicoTradingMaster5
Neutral Bias towards GOLDIf the price of gold remains above 2361 since it is .618 level of the recent down move, it suggests a potential for a long position. Conversely, if it goes below 2357, a short position may be considered. These thresholds serve as critical points for traders to make informed decisions based on market movements and price dynamics. Adhering to these levels can help optimize trading strategies and capitalize on price fluctuations in the gold market.by AJ-Paris_Market_UKUpdated 2
Gold price today: Continuing to search for new peaks!Hello everyone, let's learn about gold prices today. At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month. The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has made gold more attractive to buyers, creating conditions for gold prices to recover strongly. Comments from the chart: Gold continues to consolidate its record upward momentum on the two EMAs 34 and 89, showing a good sign for buyers in the long term. In addition, gold is forming a cup-in-hand model, it is expected that after the adjustment, the long-term target of over 2,500 USD will continue to be targeted by the Bulls!Longby RKarina55103
TWO BUY POSSIBILITY ON XAUUSDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE XAUUSD and break the previous structure. It is not advisable to enter without confirmation from a lower TF.Longby Knickk0
Data packed week ahead as Gold tries to resume rally2400 is going to be the zone. If respected, then we might test 2250 zone. If Broken, then 2530 2560 Could be tested. Rest of the analysis on daily basisShortby DrAnandMUpdated 13
Gold Price Today: Reversing to increase in price!Currently, gold price has increased by 21.9 USD, reaching 2,357.6 USD/ounce, recovering to the high level from last week after positive news announced last evening. The main reason is the weakening of the USD and Treasury bond yields after data on US producer prices in April were published. The USD fell 0.2%, making gold more attractive to investors using other currencies. Yields on 10-year Treasury bonds also fell, reducing the opportunity cost of holding gold, thereby boosting gold prices. In addition, the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is also a positive factor, which can help gold prices continue to grow.Longby RKarinaUpdated 37
XAU / USD SELL ZONE ENRTY TARGET 30 PIPSa best way to see a chart with naked eye and target 30 pips on each trade easy to fine 30 pips setup teleg. follow ( decent_trader_llc_free_forex ) Shortby AjayNager0071
Gold sellDouble top gold is going to dump . Gold was going very long till now and now it’s showing resistance at top you can sell Shortby munmeeth0
Gold sellDouble top gold is going to dump . Gold was going very long till now and now it’s showing resistance at top you can sell Shortby munmeeth0
XAUUSD 13 - 17 May 2024Dear friends, Last week gold found consolidation around the 2350 zone and after the breakout it moved to the 2380 levels. we always look at the first daily candle so Monday is usually slow. If the candle closes below 2340 levels and after that the 2332 zone then we can say there is a strong reversal in gold and the next zones to look at will be 2320 and 2300 levels. When gold takes the 2300 levels we can officially say gold is now turning bearish and more bears will be interested in bringing Gold more to the downside. On the upside last week the bears came back and also with the tension building up between the USA and Israel about not supplying the war anymore Gold made a good comeback from the 2300 zones. In a bullish case we will be active if Gold breaks the 2371 levels and aim for the 2500 levels as mentioned a few weeks ago. In a bullish case we will be active from 2371 (high risk) the best zone to buy is above 2382. The critical zones are 2382 - 2389,5 - 2320 - 2400 - 2412 - 2425/30 - 2450 - 2468 and after that 2500 or the moon. In a bearish case we will be active from 2354/52 (high risk) the best zone to sell will be after 2342/40. The critical levels are 2342/40 - 2328/26 - 2314 - 2300 - 2270 and 2260. We 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 13
XAUUSD - Downside correction outlook continues!The gold market today showed a modest recovery, with the metal trading at approximately $2343, reflecting a 0.34% gain since yesterday's notable decline. However, there are emerging signs that gold may be forming an inverted cup and handle pattern. If this pattern fully materializes, it suggests the possibility of a further downside correction, reaching a Fibonacci retracement level of 0.618 to 0.5. In such a case, the $2,305 mark is expected to act as a solid defensive zone for those who are optimistic about gold's prospects.Shortby RKarinaUpdated 60
Gold intl and MCX sell we will see good fall 2290, 2250 tgtOn 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 JaiPrakashShuklaHarmonicTrader2
XAUUSD NEXT MOVEMENTGold continuing sell after taking the daily liquidity. And it started sell from the week. Hopefully the final target will be 2234.Shortby salihnv1
🔥GOLD CONTINUES DOWNWARD TREND💲 Gold continued to show a volatile downward trend today, continuing to fall after breaking through the previous high-level support on the 4-hour chart. The K-line is basically close to the short-term moving average, showing a relatively obvious downward trend of shock. There is almost no sign of a strong rebound during the session, and there is no signal of a bottom in the short term. Right now, the short-term focus is on the support near 2330. On the 4-hour chart, facing this weak shock downward trend, we should not wait for an excessive rebound when looking for short opportunities. Gold has fallen below the support level of 2350 as expected, and this position has changed from support to pressure. At present, the gold price has fallen below the 1-hour mid-line, breaking the previous unilateral rise pattern, so it is expected to continue to remain volatile. When it rebounds to around 2350, it can be shorted with a target of 2330, the latest support below. On the whole, today's short-term gold operation advice is mainly to go short on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the 2350-2352 resistance range, and the bottom short-term focus will be on the 2328-2330 support range.by JackBlackwell_AnalystUpdated 23
XAUUSD - Bearish but outlook still bullish!Hi everybody. At the beginning of today's trading session, gold fell after a strong increase late last Friday. Year-to-date, the precious metal is down more than $10, reflecting a 0.48% drop on the day. Looking ahead, gold is expected to face more short- and medium-term corrections. However, from a long-term perspective, investors and markets are still optimistic that gold will regain the $2,400 level. This belief is reinforced by signs that the US labor market is cooling. With inflation under control and US interest rate cuts expected to increase - currently expected to happen twice - the outlook for gold remains positive, encouraging traders to stay maintain faith in its resilience!by RKarinaUpdated 30