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
Gold price today: Forecasted to continue to increase sharply?Hello dear friends, let's learn about gold prices in the new week! Currently, gold is continuing to adjust after a strong price increase over the last two days of last week. This metal is trading around 2,358 USD in the first trading hours of the second day and down 0.11% on the day. Accordingly, the correction is taking place according to the basic wave structure, so there is nothing too worrying about the metal's ability to continue to recover. In terms of outlook: Gold targets the 2045 USD range to test the EMA line as well as complete the correction wave around the 0.5-0.618 Fibonacci level followed by a price increase again according to Dow theory. Regarding forecasts: Of the 17 analysts who participated in the survey, 10 experts, or 59%, expect to see gold prices move higher next week; while only 2 analysts, accounting for 12%, predict prices will decrease. The remaining five experts, or 29% of the total, see gold trending sideways.Longby RKarinaUpdated 54
🔥GOLD TREND ANALYSIS FOR NEXT MONDAY💲 The trend of gold this week showed an upward trend in the second half of the period, with the weekly closing as a big positive line with some small upper and lower shadow lines. On Friday, we publicly pointed out that short orders were carried out on the 2375-2378 line. As a result, the big negative line once touched 2355, showing a downward trend. Gold did not rush higher again in the second half of the night, but reversed downwards, forming a "big positive resistance line" pattern on the weekly chart. This may be a signal of a plunge, suggesting that 2378 is likely to be a stage high. Although there may still be repeated bullish trends after the big positive line, next week's surge will be an excellent short-selling opportunity, because the rebound of the K-line is only for shorting. The four-hour stochastic indicator temporarily shows a dead cross, but due to insufficient time on Friday and the market was suspended over the weekend, whether the evolution of the four-hour chart will turn sideways will not be determined until next week. The rising point is supported at 2330, which is the key support level for the long-short top-bottom transition. The golden four-hour line deviates far from the moving average. I have always believed that the K-line will return to the moving average. This is an established fact. Overnight, the price of gold showed a bearish top pattern, that is, a large negative line entity surrounded by a positive line entity, forming an obvious downward pattern, which can also be regarded as a top signal. The hourly trend gradually formed a small top shape, and the K line continued to bear pressure on the short-period moving average, indicating that there is still room for adjustment in the short-term trend. Therefore, next week we will continue to focus on short opportunities near 2372-2378, the target can be set at the 2353 midline support position. On the whole, it is recommended that the short-term operation of gold next Monday is mainly to go short on the rebound, supplemented by the long position on the callback. The resistance range of short-term concern at the top is 2372-2378, and the support range of short-term concern at the bottom is 2330-2332.by JackBlackwell_AnalystUpdated 53
XauUsd 15M15M esistance area... So Buy SL maintSupport resistance bass trading plan. Happy Trading. Thank you.Longby Tamiltry0
GOLD | STRONG PULLBACK WE CAN EXPECT HERE #GOLD Setup: We will take a BUY position @ 2355 and collect profit at 2360, 2365 & 2370 Many confluence confirmed: Uptrend. Risk:- 0.50-1% Tips: Keep trailing your SL after 80+ Pips to lock your profit. Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.Longby ProfitClubFX1
XAUUSD GOLD short opertunity.....In bigger time frame we can see it make bigger red candels showing bear pressuree..... Short with good RTR RATIO. FOLLOW FOR MORE...Shortby Traders-community0
XAUUSD GOLD short opertunity.....In bigger time frame we can see it make bigger red candels showing bear pressuree..... Short with good RTR RATIO. FOLLOW FOR MORE...Shortby Traders-community0
XAUUSD SELL-BUY-SELL PROJECTIONReason For Sell and Buy 1. Bearish Spinning Top In Day Candle and obeyed Resistance 2.Obey Strong Support @ 2350 Overall possible outcomes XAUUSD BUY @ 2350 SL 233O TP 2380 Longby kripsonfx970
GOLD next week Well heres my GOLD idea for next week , We surely see less retrace coming into next week The way this week candle closed , I expect next week to be less of a retracements , however we can see some bearish move Monday and Tuesday / wednesday .....Longby abiseksubedi80
Gold Buy Stop 2313.43Good Morning Everyone, Here is sharing today's setup for GOLD, and it's purely based on the technical trade.Longby lakshmikanthakulaUpdated 221
XAUUSD 29 April - 3 May 2024Let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from 2400 to 2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold has once again recovered as buyers successfully defended the support level around 2300. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend. Data released on Friday showed that the US personal consumption expenditures (PCE) price index rose 0.3% last month, an increase in line with forecasts. Experts say that this increase is unlikely to change expectations that the US Federal Reserve (FED) will continue to maintain tightening policy until September. While data continues to suggest inflation remains “persistent,” gold's reaction suggests the market has priced in this. Looking ahead: The Fed is facing a challenging environment as inflation remains “persistent” and economic activity begins to weaken. Inflation data is released 1 day after first quarter GDP data. This year, the US economy has seen its slowest growth rate in nearly 2 years. Regarding impact news: when faced with a stagflation environment, the US Central Bank will likely ignore rising inflation and focus on supporting the economy. Currently, gold prices are being supported by the net buying trend of gold by central banks and the large physical gold demand of Chinese and Indian consumers, thereby supporting gold. It is expected that next week gold will reach 2400. Next week's standout economic news that could affect gold prices is the Fed's monetary policy decision on Wednesday; US Non-Farm Employment Change report on Friday. Gold prices may rebound if US inflation weakens. Long-term outlook: Gold continues its upward trajectory, with a favorable target of 2500. Short-term outlook: The precious metal has established a new support level, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens. If Gold breaks the 2290 zone we will be looking for sells and look for the levels underneath this zone. 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 1114
Gold price returns to the race to increase?Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce. This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy, increasing expectations that the Fed will have to loosen monetary policy in the near future. Specifically, after the US monthly employment report did not meet expectations, the latest report on weekly unemployment benefit applications increased higher than expected, which pushed gold prices up more than 1%. , reaching its highest level of the month.by RKarinaUpdated 43
GOLD XAUUSD : OPERTUNITY seenAs you can see , we could get opertunity in Gold for sell side ,if the price break below the level of price i marked ,and we could enter the trade . Risk to Reward :- 1 : 3Shortby Traders-community110
Indecision as Contrasting Events Add to Confusion..2345 Is Going to be the Zone. If Respected Then 2230 Zone or 2265 Zone could be tested in Coming Weeks.. If Broken Then 2395 Zone could be tested in Coming Weeks.. 3 Possible Scenarios Planned Out.. A - Green B - Yellow C - Red In terms of Probability B>C>A This Looks More Likely. Share Your Thoughts in Comments section. by DrAnandMUpdated 121225
🔥GOLD IS IN FOR A STORM NEXT WEEK💲 The trend of gold this week showed an upward trend in the second half of the period, with the weekly closing as a big positive line with some small upper and lower shadow lines. On Friday, we publicly pointed out that short orders were carried out on the 2375-2378 line. As a result, the big negative line once touched 2355, showing a downward trend. Yesterday, gold did not rush higher again in the second half of the night, but reversed downwards, forming a "big positive resistance line" pattern on the weekly chart. This may be a signal of a plunge, suggesting that 2378 is likely to be a stage high. . Although there may still be repeated bullish moves after the big positive line, it will be an excellent short-selling opportunity to test the high again next week. I will choose to play a heavy position, with the lower target pointed at around 2280. Therefore, next week we will continue to focus on high positions, because the rebound of the K line is just for short selling. The four-hour stochastic indicator temporarily shows a dead cross, but due to insufficient time on Friday and the market was suspended over the weekend, whether the evolution of the four-hour chart will turn sideways will not be determined until next week. The rising point is supported at 2330, which is the key support level for the long-short top-bottom transition. The golden four-hour line deviates far from the moving average. I have always believed that the K-line will return to the moving average. This is an established fact. Overnight, the price of gold showed a bearish top pattern, that is, a large negative line entity surrounded by a positive line entity, forming an obvious downward pattern, which can also be regarded as a top signal. The hourly trend gradually formed a small top shape, and the K line continued to bear pressure on the short-period moving average, indicating that there is still room for adjustment in the short-term trend. Therefore, next week we will continue to focus on short opportunities near 2370. On the whole, it is recommended that the short-term operation of gold next Monday is mainly to go short on the rebound, supplemented by the long position on the callback. The resistance range of short-term concern at the top is 2370-2372, and the support range of short-term concern at the bottom is 2330-2332.by JackBlackwell_Analyst2
Xau still bullish in my point of view xau still on its way to rise up to 2411..as fibonacci level 423 H4 my pivot zone is 2348 , if price gow lower than this zone . possible gold countinuew to fall to 2266 daily target by yyusrizal1
🔥GOLD PULLBACK GOES LONG💲 From a technical analysis, the daily chart of gold showed a strong performance Thursday, closing as a big positive line and directly breaking through the middle track of the Bollinger Bands. Under a bullish trend, the market turns from weak to strong. The next step of focus will be the high point of the daily Bollinger Band track, which is expected to be located in the 2388-2390 area. On the 4-hour chart, the unilateral trend is obvious, especially after Thursday's rise, the upper limit of the Bollinger Band has been stretched, forming a clear unilateral trend. The market has now exceeded the previous high of 2370. Given the clear market direction, blind chasing of bulls should be avoided during the European trading session. The lower support is located near the Bollinger Band upper track 2337 and the unilateral moving average support 2332. Therefore, traders can consider looking for pullback opportunities near 2370 and wait for the adjustment to end before considering long operations. It is worth noting that if the price unexpectedly falls below 2330 today, it may enter a state of shock again. Yesterday's analysis has predicted that the volatile market is coming to an end, and gold's performance last night confirmed this. The price easily broke through the key position of 2332, which means that the previous volatile market has come to an end and the bulls have begun to regain control of the market. The daily line closed out the big positive line, swallowing up many previous K-line patterns, and all indicators turned upward. Today's focus is first on 2332, which was previously the upper edge pressure of the shock range and has now turned into support; secondly, 2337 is the support level in the hourly pattern. Comprehensive analysis, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The upper resistance level focuses on the 2376-2378 range, and the lower support level focuses on the 2332-2337 range.by JackBlackwell_AnalystUpdated 16