Gold sell tradeGold is at 50 sms resistance zone at 4 hour timeframe. And 50% selling retracement zone. We can sell gold with 10 point SLShortby wosushant3
Uncertainty about goldFrom the daily chart of gold trends, we can see that the current price has stepped back to the 20-day moving average. Yesterday's closing was a small negative line with a long lower shadow, which shows that there is great uncertainty in the later period. The moving average has a supporting effect on the price trend. If the price stabilizes next, the upward trend may continue. If the price falls below 2300 again, it will be difficult for the price to reverse the downward trend in the short term. The current focus is on the resistance level near 2332 and the support level near 2310. If the price falls below the 2310 support level, it will continue to fall, and the take-profit price for short orders will be in the 2390-2300 range below. If the price breaks above 2332, the upward trend will continue. I will release specific trading strategies in my gold exchange group at any timeby winner-2000Updated 10
GOLD NEXT MOVE (wait for perfect entry) (22-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (22-04-2024) Current price- 2340 "if Price stay above 2372, then next target is 2320 and 2300 and below that 2390. -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 5566
GOLD NEXT MOVE (price is ready to fall down) (18-04-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (18-04-2024) Current price- 2382 "if Price stay above 2376, then next target is 2392 and 2400 and below that 2365. -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 8867
Update the latest gold price today!Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors. Gold prices remain high due to concerns about instability in the Middle East and Ukraine. In addition, weaker US economic data is also supporting gold prices as the US service and manufacturing industries show signs of decline. In the long term, gold is still in an upward trend. However, in the short term, gold may also suffer deeper corrections because the decline in the first two sessions of the week is not significant compared to the growth that has lasted since the end of December last year.Shortby RKarinaUpdated 13
Gold price today: Back to the track.Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD. As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying side. As long as the support level of 2300 USD is held steady, there is potential for a retest of the resistance level at 2400 USD, in line with the long-term trend of gold in recent weeks. Longby RKarinaUpdated 22
XAUUSD GOLD today 26-04 2024 forecast. Good morning Traders, Today's Gold main level is 2315. above 2315 we can expect 2344 and 2355. below 2315 we can see more down levels 2305 and 2295. Most chance gold will break its recent resistance area of 2332 2335 and sustain, try to reset upcoming levels 2344 and 2355. Plan accordingly, Happy Trading 😉😉Longby vikasvasusharma2
🔥GOLD FOCUSES ON DATA IMPACTIn early trading on Thursday, gold prices fell below yesterday's low, falling as low as around 2305, and then continued to rebound. It seems that 2300 is the defensive psychological price of bulls and is unlikely to fall below easily. Gold’s daily chart shows it has entered a consolidation phase. After the retracement that began on Monday, gold prices once fell below the 2,300 mark, but the overall decline did not last, which means that the short-term power is only short-lived. I also mentioned this in yesterday's analysis. Although the daily line has continued to close the negative line, there is no clear short signal, so this market is destined to not be unilateral. Just like the Asian market rebounded after retracing to 2305 today, it shows the lack of continuity of momentum. Therefore, the market is likely to return to the daily consolidation state. Relatively speaking, this kind of market is easier to layout and operate. Today, we focus on the high point suppression area of 2335-2337. The revised daily moving average suppression is also basically the same. The 4-hour trend of the Asian market shows a rebound from the bottom, and the current rebound to test the 2335-2340 area is more likely. Therefore, we can consider shorting in the 2330-2335 range, while the strong support is at 2290-2295, which is the position for subsequent longs. On the whole, today's short-term operation recommendations for gold are mainly to go short on rebounds, supplemented by longs on callbacks. The upper part focuses on the resistance range of 2330-2335, and the lower part focuses on the support range of 2290-2295.by JackBlackwellUpdated 1132
🔥GOLD RETURNS TO BULLISH TRENDYesterday's gold market trend was highly consistent with our expectations. We emphasize the changes in the rhythm of long and short, and believe that there is the possibility of an increase after the decline. According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, I always believe that the bullish trend of gold has not changed until it fails to effectively break through 2250. From a technical point of view, the daily line closed a negative K line on Tuesday, and the current price is near the middle track of the Bollinger Bands. According to trend strength analysis, gold may take this opportunity to rebound and close higher, rising further to the moving average suppression point near 2354-2360. On the 4-hour period, gold’s upward trend may continue to near the Bollinger Band 2350. Therefore, the key to trading today is to find the right entry point for long orders. Judging from the market price at midnight on Tuesday, gold fell back to 2315 after rising to around 2331, where it was supported and continued to rise. This price happens to be near the middle track of the Bollinger Bands in the hourly cycle. As a key point of relative cycle strength, the price of gold hit a low of 2291 yesterday. I personally believe that this level is expected to become a periodic retracement low. That is to say, the next downward trend will not fall below this level. The upward extension support is at the 2300 mark, further support is at 2314, and the initial resistance above is at 2350. If it breaks through and stands firm, then there is a high probability that it will reach $2,400. On the whole, today's short-term gold operation advice is to focus on longs on callbacks, supplemented by shorts on rebounds. The top focuses on the 2335-2350 resistance range, and the bottom focuses on the 2308-2300 support range.by JackBlackwellUpdated 1147
DOUBLE TOP VISIBLE IN XAUUSD - SHORT OPPORTUNITY IN GOLD ?Symbol - XAUUSD Gold has given a huge up move in recent months after breaking out of 2070 - 2080 zone. Gold went till 2430 on 12 April and witnessed sharp selling immediately from that level. After consolidating, It tested 2420 level today again and exhibited sharp selling from that level for the second time. XAUUSD CMP - 2392 I'm planning to short it between 2392 - 2410 with SL above 2427. Gold is following a support trendline. I will add more position on breaking this trendline. Targets will be 2358 - 2338 - 2300 - 2260 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Shortby akshit_officialUpdated 15
How to win in the gold market today!Prepare for an attractive short-term gold trading strategy! According to the current chart, gold is trading around $2,322 and remains in a downtrend. Strong resistance has been established at around $2,330, where gold has failed to break through three times, indicating seller control over the price. This downtrend continues to be stable and reliable. Our strategy will be to sell XAUUSD between $2327 and $2330, when gold is expected to retest the 89 EMA before resuming the current downtrend. The price target can be set near the $2,300 level. Wishing you happy and effective trading!Shortby RKarina24
XauUsd 15 resistance area15 resistance area .so sl maintain trading. Small sl maintain.Shortby Tamiltry0
Gold sellers need validation from $2,298 and US GDPGold price portrays a four-day losing streak as market players brace for the first readings of the US first quarter (Q1) 2024 Gross Domestic Product (GDP). In doing so, the XAUUSD justifies the previous day’s downside break of a $2,324 support confluence, now resistance, comprising the 21-SMA and a two-month-old upward-sloping trend line. It’s worth noting that the RSI (14) line’s retreat from the overbought territory joins the bearish MACD signals to add strength to the downside bias. However, a clear downside break of the previous resistance line stretched from early March, around $2,298 by the press time, becomes necessary for the bullion sellers to tighten the grip. Additionally, a strong print of the US Q1 GDP could also convince the precious metal bears to take action. Following that, the 38.2% and 50% Fibonacci retracement of the quote’s February-April upside, respectively near $2,262 and $2,208, will be in the spotlight ahead of the 50-SMA support of $2,198. Alternatively, downbeat prints of the US Q1 GDP could trigger the Gold Price recovery that will aim for the $2,324 support-turned-resistance confluence. In a case where the XAUUSD remains firmer past $2,324, the $2,350 and the $2,400 psychological magnets will lure the buyers. However, a fortnight-old descending resistance line surrounding $2,405 will precede the recent swing highs of near $2,418 and $2,432 to challenge the precious metal’s further advances. It’s worth noting that the commodity’s successful trading beyond $2,432 won’t hesitate to flash the $2,400 threshold. Overall, Gold price remains pressured ahead of the key data but the quote’s further downside needs validation.by MTradingGlobal1
Gold falls while the main trend is still up!Hello everyone, what do you think—should we buy or sell gold today? Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals trades. This is a common phenomenon in the futures market when a commodity loses its price momentum, whether short-term or long-term. From a technical analysis perspective, gold's recent decline is just a correction after gaining about 22% in the past two months. This correction is still within the framework of a long-term uptrend. However, if gold continues to fall further this week, new short-term highs could be set. With current prices yet to surpass $2,300 an ounce, gold could soon recover thanks to buying at lower prices, supporting its long-term upward trajectory.Longby RKarinaUpdated 44
Gold XAUUSD forecast today is bullish above 2310Good Morning traders, Gold is moving in range. Above 2310 Gold buy zones are 2314 2316 with the targest of 2320 2330 and 2340 Below 2310 Gold sell zones are 2305 2300 and 2990 Trade accordingly, Happy Trading 😉😉Longby vikasvasusharma0
Gold XAUUSD forecast today is bullish above 2310Good Morning traders, Gold is moving in range. Above 2310 Gold buy zones are 2314 2316 with the targest of 2320 2330 and 2340 Below 2310 Gold sell zones are 2305 2300 and 2990 Trade accordingly, Happy Trading 😉😉Longby vikasvasusharma0
Gold Looking For BuyAs per daily price action and 15 min chart says gold is turn in to bullish ......and easy this level met to target ...... main our trend is bullish ..... so we will follow our majour trend direction.....Longby TheMoneyOcean1
Gold XAUUSD sell again near 2345-2347 , we will see 2250, 2190On 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
Gold forecast area to watch 2335 above this bullish.Gold forecast area to watch 2335 above this bullish if reject from this area we can see more low area Gold area to watch 2335. if gold break this area and sustain above we can see 2345 2356 and above, If gold decline from this area then we can see 2310 2300 and 2290 area. so plan accordingly, Happy trading. Longby vikasvasusharma3
Gold Trend 22/04As expected, no breakthrough occurred last week while gold was moving sideways around 2380. The market reacted to news regarding Iran & Israel last week; however, the reaction has been diminishing since Iran's first retaliation. When Israel responded to Iran's attack during Friday's Asian session, the gold price failed to reach beyond 2420 and quickly resumed its position below 2400. Considering these market responses, it's unlikely that geopolitical news will drive gold prices to a new high this week. Keep an eye on Friday's PCE inflation data. Although there have been signs of inflation rebounding in the US recently, inflation is far from out of control, and the current condition is close to what Yellen mentioned in early March. Volatility may increase towards the end of the week, but I think the market may need more evident for it to reverse. 1-Hr Chart - The uplifting trend has slowed down since the price escaped the uptrend channel(1) last Thursday, and it is currently bound by the sideways range of 2355-2400(2). As this week progresses, we can expect the range to widen to 2318-2430(3). Daily Chart - The S-T support is now at the 10-day MA; if it is clear this support, we can aim the next support at around 2330, near the 20-day MA. The gold price has made two attempts above 2400, but currently, the selling has dominated above this level. If one day the price closes above 2400(6) on the daily chart, it would indicate that the selling pressure above 2400 has been cleared, signalling a potential upward breakthrough. S-T resistances: 2388-90 2380 2370-72 Market price: 2369 S-T supports: 2360 2355 2350 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. Toby 1uptickUpdated 2
Gold price today: The downward trend has no endHello readers, What do you think about gold price developments today? Gold is currently trading at about 2,318 USD/ounce, down slightly by 0.17% compared to yesterday, equivalent to a decrease of nearly 5 USD at this time and is in a downtrend. This precious metal encountered a significant decline after investors took profits, unable to maintain the psychological level of 2,400 USD. Gold prices have fallen to their lowest level in more than two weeks due to reduced concerns about tensions in the Middle East, while the market is still waiting for important economic data to provide more clarity on the possibility and timing of a cut. reduce US interest rates. Recent comments from Federal Reserve officials suggest there is no urgent need to cut interest rates, reducing the appeal of gold, a non-yielding asset class. Traders predict that the Fed's first rate cut may not come until September, so gold prices may need more time to stabilize.Shortby RKarina15
Gold bullish and bearish trade setupGold bullish and bearish trade setup 2 scenarios on this previous 4-hour demand area + proven resistanceby tina0001Updated 1