Gold looks sidewaysTrend analysis Current week trend has less volumed when compare to last week. Looks golds is in range bound between 2380 to 2280 per trend analysis pattern. Three drive pattern gives short look below 2,270. Please do your Own analysis before trading. I just share my view.by jothimageswari0
Gold Trend 10/06 - Consodiate further this week ? (Repost)(The chart posted on Monday morning was hidden by TradingView, reposting now) Gold price experienced the largest single-day decline in recent months last Friday, downed by $82. The price stayed within the range of 2320-2360(1) early last week until Wednesday after a disappointing ADP employment figure was released. It cleared the resistance(2) in the Asian session on Thursday. The breakout triggered a new round of buying, resulting in a weekly high of 2387(3) within 24 hours. However, the gold price started selling at the European session on Friday, again back into the previous sideways range(1). After the release of US employment data that evening, the price fell below 2320(5) and touched our target of 2300, closing at the weekly low near 2286. As mentioned last week, the gold market is in a profit-taking cycle. The latest data from the COMEX gold futures shows that the open interest continues to decline, at 440,000 contracts now. This is about 90,000 contracts less than the peak when gold prices reached a historical high a few weeks back. This indicates that the long buying is still on the limited side, and there is still room for further decline. The key events this week are the US inflation data and the FOMC meeting on Wednesday. Take advantage of a range-bound market while investors are waiting for these economic figures at the beginning of the week. From the M-T perspective, gold prices are still in the phase of consolidation. It will be a good chance to short-sell the market if the high level of uncertainty this week leads to a jump in gold prices. 1-hr chart > The key support level is at the previous low of 2280-2285(6). Expect the price to be bounded within the range of 2280-2320(7), while the market is waiting for Wednesday's news. A new round of selling will be triggered if the price breaks through the support zone(6). Daily Chart > Gold cleared the ascending channel(9) last week. The closing near the weekly low on Friday indicates that the selling is still dominating the market, and the price might have another attempt to the low in the next 2 days. In S-T, support lies at the previous low of 2277 (10). If there is a successful breakthrough below 2277(10) later this week, the first target can be set at the 50% retracement level around 2216(11). The above analysis helps you identify resistance, support, and breakout points. P.To If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟.by 1uptickUpdated 0
BUY GOLD There is a possibility that some correction could occur after Friday's huge selling pressure, which is the reason I placed a buy order on MondayLongby Knickk0
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→ Cause of decline. Can gold fall even lower? 2265Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the medium-term mood for the market. Traders also turned bearish on news regarding China's Central Bank suspending global gold purchases. Technically, it is very likely that the downtrend on H1 will continue. Resistance levels: 2300,2315 Support levels: 2291, 2267 I expect local strengthening ahead of the next decline. Traders may attempt to buy back some of the decline (collect liquidity) before further testing support with a view to a breakout.Shortby HamedMarketsUpdated 1122
Gold price today: Costed the price of 2300 USDThe current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting monetary policy decisions from the US Federal Reserve (Fed) this week. It is forecast that the Fed can keep or cut interest rates that weaken the dollar, creating favorable conditions for the increase in gold prices -Safety and investment bridge: Gold benefits from the role of safe shelter in the context of economic and financial instability. With concerns about global economic growth and fluctuations in the stock market, investors are looking for gold as a safe investment option. Forecast in the short term, gold prices are likely to maintain an increase trend if the support factors such as the dollar weakened and the bond yields decreased. From the technical analysis: Currently, the latest support threshold of gold is about 2310 - 2315 USD/ounce. Strong resistance threshold is determined at 2,385 USD/ounce. The breaking of this resistance threshold can bring gold to higher levels in the coming timeby HamedMarketsUpdated 16
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
11th JUNE GOLD PREDICTIONTo analyze the gold price scenario as described, with a focus on selling in the zone of 2325-2332 and a stop loss (SL) placed 5 points above this zone, it's important to consider several factors that influence gold prices, such as market trends, economic indicators, and geopolitical events. Here's a structured analysis: Current Market Trends Price Movement: As of your stated range (2325-2332), it seems you are looking at a relatively high point in recent price movements. It's crucial to examine the short-term and long-term trends to understand if the current price is at a peak or if it has potential to climb higher. Volatility: The specified narrow selling zone and tight stop loss suggest that the market is possibly experiencing low to moderate volatility. However, it's essential to monitor volatility indices or historical price fluctuations to confirm this. Technical Analysis Resistance and Support Levels: The specified selling zone (2325-2332) should be assessed to determine if it aligns with key resistance levels identified through historical price analysis. Shortby TradingGuruTop6
Update gold prices every day of the weekFundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices. On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter. On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market. There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt. Plan to trade on June 10 👨💻 XAUUSD SELL zone 2335 - 2337 🔹SL 2340 🔹TP 2330 - 2320 - 2310 In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️ Wishing you Full CityShortby HamedMarketsUpdated 2227
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
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
Gold Gold running in correction wave B , impulse 🌊🌊🌊 waiting for c wave 🌊 to Trade 🎯📉Longby Kishor630
XauUsd :the price might find support and continue its uptrend.1. **Price Movement**: - The price is currently forming higher highs and higher lows, indicating a potential uptrend on the 15-minute timeframe. - The price is currently at 2311, located within a bearish order block. 2. **Order Blocks**: - **Bearish Order Block**: The price is currently within a bearish order block (highlighted in red) around the 2311 level. This area may act as a resistance, potentially causing a retracement. - **Bullish Order Block**: There is a bullish order block identified around the 2300-2306 zone (highlighted in blue). This area could act as a support level where buyers might step in. 3. **Potential Scenarios**: - **Retracement**: Given that the price is in a bearish order block, it may retrace from this level. A pullback to the bullish order block at 2300-2306 is possible. This would be a healthy correction within the overall uptrend. - **Continuation of Uptrend**: After potentially retracing to the bullish order block, the price might find support and continue its uptrend. This would align with the formation of higher highs and higher lows. ### Strategy: - **Entry**: Consider entering long positions around the 2300-2306 zone if the price retraces and shows signs of support and reversal (e.g., bullish candlestick patterns, increased volume). - **Stop-Loss**: Place a stop-loss just below the bullish order block to manage risk. - **Target**: Using gaps as targets can be an effective strategy. The gap at 2318-2320 provides a realistic first target, while higher resistance levels can serve as secondary targets. Always adjust your plan based on live price action and volume to ensure the strategy remains valid. Longby arshsetiaa0
GOLDGold is an correction waves 🌊 it's an B impulse waves running it's may week ,but after completing of B wave it's a strong C bear run, 💪 waiting for an c wave selling setup 🔥🌊Shortby Kishor634
XAUUSD sell on rise till 2315 not break 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 JaiPrakashShuklaHarmonicTrader0
10th JUNE GOLD PREDICTIONTo create a more refined predictive analysis for gold prices, incorporating a specific target price (TP) of $2288 and a risk-to-reward ratio (R ) of 1:3, we'll follow these steps: Model Refinement: Adjust the model or its predictions to better align with financial strategy goals, specifically targeting the $2288 price level. Risk-Reward Analysis: Set up a trading strategy that maintains a 1:3 risk-to-reward ratio. This implies for every dollar risked, three dollars are expected as a reward. This will help in setting appropriate stop-loss and take-profit levels. Sell Zone Entry: Incorporate the provided sell zone of $2308 to $2315 to evaluate when might be an optimal time to sell based on the predicted market movement. Stop-Loss Calculation: Using the risk-reward ratio, calculate the stop-loss position. If the target price (TP) is $2288, a 1:3 ratio means that the stop-loss should be set at a price that is one third the distance to the TP below the entry point. Shortby TradingGuruTopUpdated 2
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
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
GOLD TREND ANALYSIS NEXT MONDAYAccording to the current technical analysis of gold, combined with external environmental factors, the operation strategy of the gold market next week will mainly focus on the technical aspect. The gold price fell below the 5-10 week moving average for the first time this week and closed below it. After the price built a continuous peak above, it closed below the upper line and the acceleration line this week. The MACD indicator formed a dead cross at a high level, showing an obvious bearish pattern. The first target is the 2203 line, which is the 22-day line position of the weekly line; the second target is the lower line of the weekly chart. On the daily chart, the gold price formed a big negative line, broke through and closed below the lower line, showing a dark cloud covering the top. Although the bottom was not formed directly, the downward K-line of $101 indicated that the bears were dominant. It is expected that the market will further decline to test the first and second lines and the acceleration line. The lower acceleration line coincides with the 22-day line of the weekly line, further confirming that the 2203 line is the first target. The US dollar bottomed out and rebounded on Friday night, engulfing all the previous downward K-lines, forming a bullish trend. The strong return of the US dollar will suppress gold, and the upward trend of the US dollar is expected to continue, thereby pushing gold down. Gold closed at $2,293 on Friday. If it rebounds directly, it may form a volatile pattern. The ideal short entry point is in the 2310-2314 area, which is the suppression level of the first wave of low rebound. Another key position is 2304, which is the top and bottom conversion position during the decline. The lower support is at 2275 and the bottom of the channel 2267, followed by the 2260 flat bottom. If it breaks, it will further look to 2255-2240 and lower. Operation suggestions for next Monday Short entry: 2310-2314 range is the short point for early rebound. Bull entry: Short-term focus on the 2277-2280 support range. Key focus areas Resistance range: 2310-2315 Support range: 2277-2280by MasterGoldTraderUpdated 37
Gold is bearish below 2310 2315. Next is 2287 2270 Good Morning Traders, Till the time gold is moving below 2310 and 2315 we can se more low levels 2287 2270 and 2260. If Gold will break 2310 and sustain above then only we can see 2340 2345 and 2356 Our preference is sell from high, Plan accordingly, Happy TradingShortby vikasvasusharma0
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
XauUsd :likely to aim for the FVG as immediate targetsOrder Block: The price is currently at a 4-hour order block, indicated by the blue dashed lines at around the 2293 level. This is typically a strong area of demand where buyers are likely to step in. Swing Structure: The overall structure remains bullish as long as the price does not break below the order block. A significant drop below this level could suggest a shift in market sentiment. Fair Value Gaps (FVG): Two fair value gaps (FVGs) are identified. These gaps represent inefficiencies in the market where the price is likely to return to fill them. Volume Analysis: Analyzing the volume below the price action shows a significant spike, suggesting strong buying interest at the current level.Longby arshsetiaa0