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NZD/CAD Short, GBP/CHF Short, USD/SGD Short and GBP/USD ShortNZD/CAD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. USD/SGD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/USD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Short
by StewySongs
The consumer price index (CPI) will show us the direction of XAUannouncement on monetary policy of the US Federal Reserve (Fed) The world gold market last week continuously received important data, causing prices to continuously reverse. Notably, on the last trading day of the week, the market suffered two shocks that caused prices to continuously "plunge". In just 1 day, gold lost more than 3.5%, marking the largest intraday sell-off since 2020. In the current context, most analysts believe that gold prices may test support level of 2,200 USD/ounce. Although recent jobs data will likely push gold prices lower in the short term, some are optimistic that the precious metal could find momentum next week as global concerns increase. Investment will turn to inflation data along with developments at the Federal Open Market Committee (FOMC) monetary policy meeting.
OANDA:XAUUSD
by NicoTradingMaster
XAUUSD : Gold dropped sharply after a series of dataWorld gold price recovered slightly by 0.13% and is trading around 2,296 USD/ounce after a sharp decline of 3.45% last week. Gold's uptrend has weakened as the RSI on the daily chart is below the 50 level, moreover, XAU/USD is trading below the short-term SMA lines, reinforcing gold's downtrend. The Fed's latest interest rate decision and the May consumer price index expected to be released this week could be a key test for markets, especially after Friday's strong jobs report. continue to suggest that the Fed may hold off on lowering interest rates.
OANDA:XAUUSD
by SantaTradeGold
Gold will continue to decline after news from ChinaLast week turned into additionally the 1/3 consecutive week of decline in gold charges. This week the marketplace is inquisitive about a few exquisite records consisting of the purchaser charge index (CPI) in May, bulletins on economic coverage of americaA Federal Reserve (Fed), and information on unemployment benefits. American enterprise and the economic coverage of the Bank of Japan. stated gold charges may also lower withinside the coming days. US jobs have been higher than anticipated and China stopped shopping for gold reserves, inflicting the treasured steel to fall to its lowest degree in a month. After leaving the 2,three hundred USD mark, spot gold charge dropped to almost 2,277 USD. If underneath the 2,270 USD mark, the gold charge ought to even attain 2,220 USD/ounce.
TVC:GOLD
by TrategySherpa
Strategy to sell XAU when gold fallsLast week was also the third consecutive week of decline in gold prices. This week the market is interested in some notable information such as the consumer price index (CPI) in May, announcements on monetary policy of the US Federal Reserve (Fed), and data on unemployment benefits. American industry and the monetary policy of the Bank of Japan. said gold prices may decrease in the coming days. US jobs were better than expected and China stopped buying gold reserves, causing the precious metal to fall to its lowest level in a month. After leaving the 2,300 USD mark, spot gold price dropped to nearly 2,277 USD. If below the 2,270 USD mark, the gold price could even reach 2,220 USD/ounce.
OANDA:XAUUSD
by TrategySherpa
NZD/USD Short, GBP/CHF Short, AUD/NZD Short and GBP/USD ShortNZD/USD Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. GBP/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
XAUUSD : Gold continues to increase strongly todayGold prices yesterday had an early rebound hitting a high of $2,375 then retreated again before closing at $2,378 after important news and market expectations were reflected in the price. Regardless of the reason behind it, this is it proving that investors are still interested in gold or have returned after recent dovish signals from major central banks. Maybe this is the first sign of a comeback. The market is probably quite nervous now ahead of tonight's NFP report. The US Nonfarm Payrolls (NFP) report is expected to show an increase of 185,000 jobs in May. However, negative JOLTS Job Opportunities data and ADP Nonfarm Jobs Change data less than that in this week reduces investor optimism about the US Bureau of Labor Statistics report. If the NFP report also shows weakness, the USD may come under more pressure and increase market confidence that the Fed will soon cut interest rates, supporting gold prices.
OANDA:XAUUSDLong
by SantaTradeGold
Gold increased again after an unusual decreaseIf withinside the preceding consultation, the spot charge of XAU at the global marketplace unexpectedly reduced whilst the United States introduced terrible financial records, then withinside the night consultation of June 5, it fluctuated consistent with the rules. The US additionally recorded a decline in customer activity, with retail income in April lots decrease than expectations, thereby slowing down the country`s economy. With a weaker economy, the United States Federal Reserve (Fed) can also additionally must reduce hobby quotes quickly after a protracted delay. The USD will consequently be beneathneath downward pressure, thereby pushing up the charge of gold. The US launched hard work records displaying that this marketplace is weakening rapidly. In May, US non-public corporations employed fewer people than marketplace expectations. Job boom and salary boom will gradual withinside the 2nd 1/2 of of 2024. Observers are looking for wonderful weaknesses withinside the hard work marketplace, tied to each manufacturers and consumers. Spot gold fees accelerated once more particularly because of an uncommon lower withinside the preceding consultation after traders guess that this commodity might surpass the essential barrier of 2,350 USD/ounce however failed.
TVC:GOLD
by TrategySherpa
XAU increased quite strongly again after plunging in the previouIf in the previous session, the spot price of XAU on the international market suddenly decreased when the US announced negative economic data, then in the evening session of June 5, it fluctuated according to the rules. The US released labor data showing that this market is weakening rapidly. In May, US private businesses hired fewer workers than market expectations. Job growth and wage growth will slow in the second half of 2024. Observers are watching for notable weaknesses in the labor market, tied to both producers and consumers.
OANDA:XAUUSD
by TrategySherpa
XAUUSD : Gold turned up slightly again after the USD newsYesterday on June 5, world prices increased to a high of 2,357 USD and reached 2,373 USD this morning, supported by the weakening of the USD and a decrease in US government bond yields after the latest data showed changes. The labor market is very hot. According to how high According to ADP, employers added 152,000 jobs in May, much lower than forecast and the number recorded last month, and also the lowest level since the beginning of the year. RJO Futures senior market strategist Bob Haberkorn said weak labor numbers such as the coronavirus outbreak could prompt the Fed to act somewhat. According to FedWatch CME, the market believes there is about a 67% chance that the Fed will conduct its first rate hike in September, up from less than 50% last week. A low interest rate environment reduces the cost of holding gold, thereby increasing the appeal of this precious metal amid global instability. In addition, the World Gold Council (WGC) said that net purchases by global central banks increased to 33 tons in April. This is also a big driving force pushing gold prices up recently.
OANDA:XAUUSDLong
by SantaTradeGold
NZD/CAD Short, NZD/CHF Short, GBP/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SUGARUSDShort
by StewySongs
Gold plummeted without stoppingThe USD increased slightly thanks to bottom-catching demand after this currency continuously decreased recently. Previously, the USD fell because there were more signals that the US would soon cut interest rates. It is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase. When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
TVC:GOLD
by TrategySherpa
Gold is in a downtrend and will fall sharplyGold prices (XAU/USD) may find support at the 50 EMA in case the price breaks out of a sideways range after initially trading off the May highs. XAU/USD has broken the main uptrend line and may be in a short-term downtrend. According to the mantra "the trend is the trend", the probability of price increase will continue to decrease. The 50 EMA at 2,310 USD and the May 3 low at 2,277 USD will be the final supports before gold prices fall further. The RSI indicator also dropped, surpassing level 50, further reinforcing this scenario. On the contrary, the resistance levels to pay attention to are the EMA 20 at 2,350 USD and the main resistance is the 2,400 USD area, corresponding to the main trendline of the rising wave from the beginning of the year. To overcome these levels will require a lot of effort from buyers and enough momentum and is unlikely to happen in the short term.
TVC:GOLD
by SantaTradeGold
XAUUSD : Gold will fall after today's dataThe price of gold (XAU/USD) yesterday fell more than 1.4% from a high of 2,352 USD to a low of 2,318 USD, a decrease of about 40 USD. This trend is partly due to the slight recovery of the USD, which has a negative correlation with gold. In addition, investors' attention may be shifting to the bond market as concerns about economic growth increase after recent poor data from the US. Job openings data according to the newly released JOLTS report were lower than expected with only 8.06 million in April, compared to the forecast of 8.34 million and 8.35 million in March (according to data from the US Bureau of Labor Statistics). ). This data shows that the US labor market is showing signs of weakness. The US non-farm payrolls (NFP) report scheduled to be released on Friday will be the most important event this week. JOLTS numbers lower than expected are considered a bad signal. If NFP also shows similar results, the USD will likely come under significant selling pressure, thereby supporting gold prices.
OANDA:XAUUSD
by SantaTradeGold
XAU dropped sharply in today's trading sessionThe USD increased slightly thanks to bottom-catching demand after this currency continuously decreased recently. Previously, the USD fell because there were more signals that the US would soon cut interest rates. Gold prices in the international market decreased mainly because the USD inched up slightly and the commodity closely related to gold, oil, plummeted. It can be seen that in the medium and long term, the USD is under pressure to decrease in price following the loosening of US monetary policy. Gold price will thereby be supported. However, it is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase. When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
OANDA:XAUUSD
by NicoTradingMaster
Gold will cool down in the next trading sessionsExperts accept as true with that the Fed`s hobby charge route may be the principle element affecting the route of gold withinside the brief term. Therefore, the marketplace will retain to concentrate for statistics this is predicted to have an effect at the Fed's selection. This week, except employment data, the gold marketplace will watch for the hobby charge selection of the European Central Bank (ECB). The financial institution will nearly genuinely reduce hobby charges with the aid of using 25 foundation factors and this can end up the primary predominant crucial financial institution to reduce hobby charges this cycle xan rate can also additionally get better withinside the subsequent buying and selling sessions Many analysts expect that, beforehand of the Fed's financial coverage assembly on June 11-12, many traders will boom buying, inflicting gold costs to boom sharply earlier than the assembly.
TVC:GOLD
by TrategySherpa