GOLD IN CORRECTIONmarket unable to close above 4h high... and 15mins correction sell high has been confrms...so market may go extreme buy zone use buy limit which is in link...Shortby FIVE_WOLVESUpdated 1
Gold will continue to fluctuate and riseWolfinance star analysts believe that although the overall performance of the U.S. economic data released last week was strong, supporting the rise of the US dollar and hindering the rise of gold, the Federal Reserve reiterated that it will cut interest rates three times this year, and investors have high expectations for the Federal Reserve to cut interest rates in June. expectations, which supported the rise of gold. After the price of gold stabilized, it tried to rise again. However, the strong U.S. durable goods orders data released on Tuesday showed that the outlook for U.S. economic growth in the first quarter is still optimistic. This supported the rebound of the U.S. dollar from the intraday low, and gold once Under pressure, it gave up all the gains of the day. In terms of news, the U.S. durable goods orders data for February released on Tuesday exceeded market expectations, and corporate equipment spending also showed initial signs of recovery, indicating that the U.S. economic growth prospects in the first quarter are still optimistic, and the Federal Reserve will cut interest rates this year. , the outlook for the U.S. manufacturing industry is steadily improving. Affected by this, the U.S. dollar turned from falling to rising, putting pressure on gold. The price of gold fell back after rising, giving up most of the day's gains. The current market focus is on Friday's US PCE data. Investors hope to use inflation data to confirm the timing of the Federal Reserve's interest rate cut. In addition, they also need to pay attention to the subsequent speech by Federal Reserve Chairman Powell. On the daily chart, although gold fell back from its historical high and recorded a long upper shadow K-line, suggesting that there is pressure to continue to rise, the price of gold has stabilized above the previous historical high of $2,144, and the short-term retracement is limited, and there is still another Opportunities to rise higher. For pressure above gold, focus on the upper track of the 4-hour Bollinger Band at $2,188, followed by the integer position of $2,200. For support below, focus on the middle track of the 4-hour Bollinger Band at $2,172. This is also the low point where the gold price surged higher and fell back on Tuesday. If it fails here, it may weaken in the short term. Pay attention to The 4-hour Bollinger Band is below the track of $2,157. The 5-day moving average golden cross turned slightly downward, the MACD indicator crossed slightly, and the KDJ and RSI indicators turned upward, indicating that the gold price has a strengthening trend after adjustment, but it is suppressed. Yesterday I said that gold is currently in a divergent form. The price is currently fluctuating upward along the lower trend line, but it has not yet experienced an explosive rise. Regardless of fundamentals or technical aspects, gold is still on the rise. As long as the price does not fall below $2,167, aggressive traders can go long with light positions and set the profit-taking price near $2,200.Longby winner-2004Updated 59
XAUUSD GOLDRESIST 2185-2195 SUP 2175-2170 todays market rangebound watch carefully price in this are.Longby devkumarchakrawarty2022Updated 0
Gold continues to rise after correctionGold prices rose on expectations that the Federal Reserve will cut interest rates this year, although traders are still waiting for inflation data this week to confirm the timing of a rate cut. Spot gold closed at around $2,171.5 an ounce yesterday U.S. sales of new single-family homes unexpectedly fell in February after mortgage rates rose during the month, but the underlying trend remains strong amid a chronic shortage of used homes on the market. The U.S. Census Bureau said new home sales fell 0.3% in February from the previous month to a seasonally adjusted annual rate of 662,000 units. The report released by the U.S. Commerce Department also showed that the median price of new homes in February was the lowest in more than two and a half years, while supply was the highest since November 2022 Federal Reserve policymakers said on Monday they remained confident that U.S. inflation, especially gains in housing prices, will ease, which they expect will help bring down the overall pace of price increases, but also acknowledged growing caution surrounding the debate. Fed Governor Cook said the Fed needs to be cautious when deciding when to start cutting interest rates, saying many of her colleagues have mentioned that the risks of easing monetary policy too early and easing too slowly are currently roughly balanced. Chicago Fed President Goolsby said he was still surprised by the stickiness of housing inflation, but he also believed this part of inflation would ease. He expects three interest rate cuts this year. The Federal Reserve's interest rate cut expectations and the geopolitical risks that have progressed and expanded have supported gold's strong consolidation at high levels. At present, gold has broken through the two resistance levels of 2180 and 2185 US dollars, touching 2200 US dollars. It is currently encountering resistance at 2200 US dollars. It is expected that gold will fall back next. Trading strategy: Wait until the price falls back to the resistance range of 2180-2185 US dollars, then you can buy multiple orders, and the take profit is expected to be in the 2200-2210 US dollars range. I will update the trading strategy in real time, so you can pay more attention.Longby winner-2004Updated 86
SELL ON GOLD gold rises due to weaker usd in global market. same level in last year too same level same day. now we have good sign for reversal. sell xauusd from 2175-2190 sl 2225 35-50 usd stop loss and target 2150/2125/2100/2075 in few weekShortby arfinsoft010
GOLD WEEKLY ANALYSIS (March 11- March-15)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (March 11- March-15) Current price- 2180 "if Price stay above 2158 then next target is 2200 and 2250 and above that 2310. "if Price stay below 2195 then next target is 2170 and 2152 and below that 2110. -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 6678
Gold next move (mild correction may be occurred) (20-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (20-03-2024) Current price- 2204 "if Price stay below 2214, then next target is 2190 and 2178 and above that 2250. -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 40
GOLD NEXT MOVE (fighting zone)(22-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (22-03-2024) Current price- 2174 "if Price stay below 2188, then next target is 2162 and 2150 and above that 2200. -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 30
Bullish pennant teases Gold buyers despite latest inactionGold price remains lackluster within a three-week-old trading range, struggling to extend the weekly rebound by the press time. However, a gradually firming RSI (14) line joins the bullish MACD signals and a one-week-long bull pennant to keep the XAUUSD buyers hopeful. That said, the aforementioned trading range’s top surrounding $2,188 guards the immediate upside of the bullion ahead of the stated pennant’s peak of near $2,195, quickly followed by the $2,200 threshold. In a case where the precious metal remains firmer past $2,200, the odds of witnessing a new all-time high, currently around $2,222, can’t be ruled out. In that case, $2,265 could gain the buyer’s attention ahead of the $2,300 round figure. Alternatively, a downside break of $2,165 will defy the bullish pennant chart formation and could quickly fetch the Gold price toward the previously mentioned trading range’s bottom of near $2,146-42. In a case where the XAUUSD drops beneath the $2,142 support, an ascending support line stretched from mid-February, close to the $2,100 psychological magnet at the latest, will be crucial to watch. Should the bullion remain weak past $2,100, the late December 2023 peak surrounding $2,090 will be the last defense of the Gold buyers before giving control to the sellers. Overall, Gold price remains bullish unless breaking $2,090 support even if the upside room appears limited ahead of the key US data, namely the US GDP and Core PCE Price Index.by MTradingGlobal0
What changes in gold prices?Hello, wonderful companions! Let's delve into the golden hue of yesterday's market session. Gold seemed to pause after reaching $2,200 once again, finding a steady rhythm around $2,178 in the early hours of Wednesday's Asian trading session. Looking at the future prospects of gold, the short-term outlook remains optimistic. Predictions are being built around the potential interest rate cut by the Federal Reserve, boosting the rise in gold as investors eagerly await important inflation data later this week. This data will play a crucial role in determining the timing of these anticipated rate cuts. Expectations are that gold will continue to rise due to the anticipation of interest rate cuts, unless the Fed changes its stance or signals a departure from the expected rate cuts.Longby RKarina14
Update the latest gold price today!Let's delve into the motivation behind today's gold market! Early on Tuesday, gold slightly surpassed the crucial $2,150 mark due to predictions of the Federal Reserve cutting interest rates this year. Comments from Fed officials, indicating a dovish stance, have put pressure on the US Dollar, thus providing significant support for gold priced in USD. Looking at the chart, it is evident that gold has experienced a slight decline after reaching a new high of $2,222, but it continues to maintain a positive trend supported by an upward trendline. The 4-hour chart of XAU/USD demonstrates that the uptrend is prevailing, sustaining gold's momentum with positive signals from the 34 and 89 EMA lines. Gold is expected to extend its upward trajectory if it successfully breaks the resistance level of $2,185, with a strong support level firmly set at $2,150. Wishing you a successful and exciting trading session!Longby RKarinaUpdated 55
Gold and its direction in the future!Hello astute and wealthy traders! Let's delve into today's market dynamics! Gold (XAU/USD) continues to maintain a consolidating sideways trend this Tuesday, staying within the familiar range established over the past three weeks. However, the balance seems to be leaning towards the bullish side as the Federal Reserve prepares for a less restrictive policy stance, promising favorable winds for this precious metal. Speculations are mounting that the Fed will start a rate-cutting cycle in June, coupled with a slight decrease in US Treasury yields, causing the US Dollar (USD) to enter a defensive price increase. Furthermore, political tensions arising from the ongoing Russia-Ukraine conflict and the uncertain ceasefire in Gaza Strip indicate that the smoothest path for safe-haven gold remains upward.by RKarinaUpdated 17
Fibbonaci saing !!!!!XAU now in manupulation area and attracting sellers in this area from 2181 to 2185. Here something probably gonna happen because of fibbonaci golden zone on 2189. We may see heavy sellers in that area Shortby routsubrat19961
Gold continues to riseAfter the gold daily line experienced a wave of highs and declines and closed the extremely long upper shadow line, it closed negative again, with continuous negative lines falling back, and the disk price has returned to the original correction area. Regarding the next trend of gold, we need to pay attention to the following points: First, from the perspective of weekly structure, gold maintains an upward trend of adjustment every three weeks. Every time after three weeks of continuous rise, the market will adjust, and after the adjustment ends, it will start a new round of upward trend. Currently, the market price is in the correction stage after the weekly triple positive. As the weekly trend turned negative and turned positive last week, this indicates that the adjustment may not be completed yet, but the general upward trend remains unchanged. This week is expected to experience a retracement first, and then make arrangements at a low level, hoping that the weekly line will be positive. Gold prices fell below $2,163 on Friday before quickly recovering above $2,163 in a false breakout. It fell back to around $2,163 today and then continued to rebound and rise. If the price breaks through $2,180, the uptrend will continue and long positions can be established with a first-stage take profit price near $2,200. I will continue to update my trading strategies later.Longby winner-2004Updated 59
XAUUSD SELL PROJECTION 26.03.24Reason Behind Sell 1. Market Reached Our Trendline Resistance 2175 and fall 2. Breaked Support Support 2175 and Retested today 3. Formed Symmentrical Triangle Pattern and Break expected @ 2169 Overall Possible Outcomes 🔹FX SIGNAL GOLD SELL 2170.20 SL 2180.00 TP 2157.00 Shortby kripsonfx971
Gold price today: The momentum of "downward" is not slowing downHello everyone, let's find out how the price of gold fared last week and strategize for the upcoming week! Last week marked a significant moment for gold as it reached an all-time high of nearly $2222 USD. Market news, particularly rumors of the Federal Reserve cutting interest rates this year, played a crucial psychological role for investors, leading to continuous manipulation and volatility in the price of gold. Currently, the $2222 USD peak is not sustained, and the strong recovery of the US Dollar on the last trading day has exerted considerable pressure on gold. Despite a 0.7% decline in the day, gold still slightly increased compared to the previous week's closing price, stabilizing at around $2165 USD. Looking ahead: The prospects for the next week indicate that the price of gold may experience further adjustments. The immediate short-term target is to retest the EMA 89 line (support area around $2148 USD). If this support level is broken, we are likely to lean towards selling, with a high possibility that gold will touch the $212x level next week! What are your thoughts on the future price movement of gold?Shortby RKarinaUpdated 6660
Analyze and evaluate the new weekly gold strategy!Hello dear friends, are you curious about the gold price trend this week? As we enter a new week, gold has been steadily increasing by $10, reaching $2175 in Asian trading session. In the short term, it seems poised for further growth, although it may encounter resistance around the $2185 level. The monetary policy decisions of the Federal Reserve in June could significantly impact the trajectory of this precious metal. Details on the Outlook: A survey on Wall Street reveals mixed expectations: 40% predict higher prices this week, 27% anticipate a decrease, and 33% expect stable trading. Meanwhile, an online poll on Main Street shows a bullish outlook, with 69% predicting price increases, 25% expecting a decrease, and 16% maintaining a neutral stance on the short-term outlook for gold.Shortby RKarinaUpdated 3320
#XAUUSD GOLD 1 DAY T F SWING : XAUUSD SELL SIDE LEQ 2146 BREAK THAN TERGT 2105/2060 otherwise no sell this is bullishby aiutradellp112
Gold next move (Bears are in upper hand )(18-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (18-03-2024) Current price- 2162 "if Price stay below 2178, then next target is 2150 and 2140 and above that 2200. -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 49
Gold next move (wait for perfect entry) (20-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (20-03-2024) Current price- 2158 "if Price stay below 2178, then next target is 2140 and 2130 and above that 2188. -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 2240
Gold next move (Bears are not losing the battle) (19-03-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (19-03-2024) Current price- 2155 "if Price stay below 2165, then next target is 2145 and 2135 and above that 2178. -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 2252
GOLD WEEKLY ANALYSIS (March 18- March-22)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (March 18- March-22) Current price- 2148 "if Price stay above 2158 then next target is 2200 and 2250 and above that 2310. "if Price stay below 2158 then next target is 2130 and 2112 and below that 2088. -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 2272
Look at using Sniper how can be trap both traderswe can expect this move for up side with multiple traps for small traders.....Longby TheMoneyOceanUpdated 2