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Money supply increased for the first time, Gold price will decreGold prices dropped slightly to hover around $2,360 per ounce on Wednesday. This decline was attributed to investors scaling back their expectations for interest rate cuts by the US Federal Reserve this year. The market is also eagerly awaiting the release of the key PCE inflation report. GOLD is following the previous wave E assessment, completing wave 4 and continuing wave 5. Gold price resumed its uptrend on Thursday and climbed more than 1% as US Treasury yields dropped, undermining the Greenback's appetite. 🔴SELL GOLD: 2364 - 2366 , SL: 2370 (scalping) 🟢BUY GOLD: 2317 - 2315, SL: 2311 (scalping) GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Continuing downtrend, entry sell todayAnalysts say world gold prices dropped after an official of the US Federal Reserve (FED) commented on monetary policy. This person believes that high US interest rates will be kept stable, or even increased if necessary. Immediately, the currency market reacted. The USD increased in price compared to many other strong currencies, putting pressure on gold prices today. In particular, US bond interest rates suddenly increased to 4.6%. That means the value of bonds declines. This has motivated investors to increase their bond purchasing power to earn profits. As a result, very little money flows into precious metals. A sharp decline in world gold prices is inevitable.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Trading strategy today, continue to sell lightly and wait to buyWorld gold prices turned down sharply with spot gold down 24 USD to 2,336.9 USD/ounce. Gold futures last traded at 2,336.9 USD/ounce, down 25.5 USD compared to yesterday morning. The recovery of the USD, rising bond yields and "hawkish" comments from US Federal Reserve (Fed) officials have weighed on sentiment in the gold market, while investors wait. Look forward to the key inflation report later this week for more insight into the Fed's policy path. A 0.4% rise in the dollar made gold more expensive for buyers holding other currencies, while US 10-year Treasury yields rose to a nearly one-month high, increasing opportunity costs. hold gold. This week, Minneapolis Fed President Neel Kashkari emphasized that the US Central Bank should wait for evidence that inflation is decreasing before cutting interest rates. Although gold is under a lot of pressure due to interest rate expectations, commodity analysts at UBS say that the precious metal's upward momentum is far from over with forecasts of prices rising to $2,500/ounce. in September and reach 2,600 USD/ounce by the end of this year. Previously, this Swiss bank forecast levels of 2,400 USD and 2,500 USD/ounce. USB also forecasts that gold price will increase to 2,700 USD/ounce by June 2025.
TVC:GOLDShort
by FalCol_TradingMaster
Still believe in gold, short-term selling strategyWorld gold prices continued to increase with spot gold price at 10.2 USD increasing to 2,360.9 USD/ounce. Gold futures last traded at $2,362.40 an ounce, up $9.90 from the bright spot. The world's yellow metal continues to gain modestly, fueled by the weakening of the USD, while investors are still eagerly awaiting US emission data later this week for more clarity. about interest rate cuts. The US Dollar Index fell 0.2% to its lowest in more than a week, becoming bullish faster than other currency holders. TD Securities commodity strategist Bart Melek said that the monetary policy dreams of the US Federal Reserve (Fed) could very well create gold that cannot be closed and future forums are very negative. lots of data. However, this expert continues to maintain his optimism about gold. The focus this week will be on the core US personal consumption expenditures index (PCE), the Fed's desired product quantity measure, which will be released on Friday. Considered a hedging tool, gold benefited after minutes from the Fed's latest meeting last week showed that the US Central Bank did not discuss maintaining high interest rates for a longer period but also talking about the possibility of increasing interest rates in the context of finding that it is still "tough" and there is still a difficult path to achieving the 2% target. Traders are assessing the possibility of a rate cut of around 63% in November.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold trading strategy today, short-term sell entryWorld gold prices today (May 29) increased in the context of a weakening USD, while investors are still waiting for US inflation data later this week to judge when the Fed will cut interest rates. . The US Dollar Index fell 0.1% to its lowest in more than a week, making gold cheaper for holders of other currencies. Investors will monitor the US core personal consumption expenditures (PCE) price index published on Friday (May 31). This index is considered the main inflation measure of the US Federal Reserve (Fed). Military conflicts taking place in the Middle East and the Russia-Ukraine war are continuing to cause geopolitical instability, reinforcing gold's appeal as a safe-haven asset. Bob Yawger of Mizuho Bank said that according to some sources, a member of the Egyptian security agency was killed in a firefight with Israeli forces. Additionally, central banks around the world have steadily increased their gold holdings over the past two years, with China's central bank being one of the most active buyers.
TVC:GOLDShort
by FalCol_TradingMaster
Gold's correction to continue its uptrend💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand from Chinese investors. However, gold becomes more difficult as central banks around the world are starting to diversify the USD with assets that have other redeemable values ​​besides gold. These factors will certainly hinder the momentum for gold going forward. 💥In the long term, despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Analysts on Wall Street believe that the market must lose more time than expected for the Fed to determine for sure whether inflation has actually decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time. 💥Technically, gold is trading around EMA 34 of the D1 time frame, showing that the recent two-day consecutive price decrease has not completely reversed the main trend of gold. The strongest retracement level that can be reached today is 2305. In the opposite direction, gold price can be pushed to the highest level of 2370 Support: 2325 - 2311 - 2305 Resistance: 2355 - 2370 - 2397 Breakout and retest: 2374 - 2320 SELL price range 2370 - 2420 stop 2375 BUY price range 2321 - 2419 stop 2315 (scalping) BUY price range 2305 - 2303 stop 2300
OANDA:XAUUSD
by TVS-Trader
Gold trading strategy today, uptrendToday's gold price is trading at 2,352 USD/ounce, a sharp increase of 18 USD compared to the previous day's opening price of 2,334 USD/ounce. World gold prices fluctuated in the context of data from the Commodity Futures Trading Commission (CFTC - US) showing that gold investment funds increased their buying positions by 194,000 contracts. This information can make many investors expect the gold market to heat up. Therefore, they took advantage of putting capital into this precious metal. Gold price today has upward momentum. On the other hand, the world geopolitical situation becomes more complicated as the military conflict between Israel and Hamas forces becomes increasingly tense. Since then, many financial institutions have increased their need to shelter capital in gold. Today's increase in gold prices in the world is understandable.
TVC:GOLDLong
by FalCol_TradingMaster
Optimistic about Gold, increased then decreased againWorld gold prices increased with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. World yellow metal prices increased slightly at the beginning of the week as investors expected an important inflation report released this weekend that would change the US Federal Reserve's (Fed) view on cutting cuts. interest rates. Recently, the Fed's positive interest rate stance has caused great pressure on the precious metals market. According to UBS analyst Giovanni Staunovo, gold has suffered from more hawkish comments from Fed officials and better-than-expected US economic data. Bullion has lost $100 since the precious metal hit a record high of $2,449.89 an ounce last week. According to the latest Fed meeting minutes, US Central Bank officials indicated that it may take longer than expected to bring inflation down to 2%. According to FXTM market analyst Lukman Otunuga, in the current environment, the gold market will be sensitive to inflation data. Accordingly, if the report shows downward price pressure, it may arouse hopes of cutting interest rates by the Fed and boost gold prices. On the contrary, if PCE is higher than market forecasts, it will deal another blow to expectations of Fed interest rate cuts and cause gold prices to fall even deeper. This expert said that the downward momentum could bring the price to the support level of 2,300 USD/ounce or lower.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Trading strategy today, downtrendKitco News' latest gold survey shows more than three-quarters of industry experts believe gold prices have stabilized or will fall next week. Meanwhile, half of retail traders polled still believe the precious metal could move higher in the coming days. ActivTrades senior analyst Ricardo Evangelista said that information in the Fed's meeting minutes has caused traders to push back the expected interest rate cut from September to November. This change has helped push Treasury yields and the USD higher and put pressure on precious metals. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events. Reports released this week include: Consumer confidence report, preliminary report on GDP in the first quarter of the US, weekly unemployment benefit applications, pending home sales, Personal consumption expenditure reports along with personal income reports in the US
TVC:GOLDShort
by FalCol_TradingMaster
Gold is expected to be quiet this week, entry sell todayWorld gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or will fall in the near term, while half of retail traders still believe the precious metal could move higher in the coming days. Looking at gold's fluctuations last week, senior market analyst Darin Newsom of Barchart.com said that gold is likely to decline this week. Sharing the same view, Bannockburn Global Forex CEO Marc Chandler also sees further downside risks for gold in the near future. According to Chandler, the reason gold set a record high early last week at 2,450 USD/ounce was because the market reacted to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce. Besides, the decrease in demand for gold from Chinese investors is also a disadvantage for this precious metal. Chandler forecasts that gold's initial resistance this week is at $2,375/ounce. Support is in the range of $2,275 to $2,300 per ounce. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD price analysis week 22In the past week, Gold prices dropped sharply when the statements of FED members took on a "hawkish" tone. At the FOMC meeting Many Fed members proposed raising interest rates if inflation remains high. Fed members said inflation data for the first quarter of 2024 was "disappointing". According to a survey by global fund BOFA: Commodities had a record increase last month! This can be seen as an early prediction for PCE data to be released on Friday, May 31. A larger PCE data release will make traders bet on the Fed being more likely to change its initial interest rate cut plans in September and November. Holding interest rates longer in terms of correlation will help the dollar and government bonds benefit, whereas investments that do not bring returns, in this case the precious metal Yellow, will be under selling pressure. Notable economic data and events next week Tuesday: -Consumer confidence index Thursday: -Preliminary first-quarter US GDP number of applications for unemployment benefits, pending home sales Friday: Personal Consumption Expenditures (PCE) and Revenue U.S. Personal Income and Expenditures Gold price chart view On the daily time frame, Gold price closed close to the ichimoku kumo cloud and below the tenkan+ kijun line, it is worth noting that the chikou-span moved below the price line. The price trend is up, the nearest resistance area is around 2352$, rising and closing above this level, the price could move towards 2365$ (an important price level that determines the previous trend), the technical resistance area behind that would be 2375-2383$ . On the downside, $2325 is the closest support area the price needs to break, followed by $2313-2304 in the short term. In the long term, a break and close below the $2,300 area could usher in a more bearish trend. On the H4 time frame, the signal lines show us a bearish trend, after an increase the price "adjusts" back to near tenkan-sen to regain balance and eliminate the "oversold" state. Opening next week's session, if the price falls below $2,325, it will be an early warning that the "correction" has ended and the Gold price continues its previous trend. In the small frame H1, the downtrend has turned to a sideways state. It is necessary to monitor to identify early signals on this frame. The downtrend is still dominant, open selling positions close to the technical resistance area should be given priority. Resistance and support levels resistance area: 2353-2363-2375-2385 Support area: 2313-2304-2290-2282
OANDA:XAUUSD
by TVS-Trader
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business. According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The decline is just the beginning, continue to short gold!Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded? Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold is currently performing very weakly during the rebound and cannot even break through the 2345 position. In addition, 2350 is the position where the decline accelerated after falling below the level yesterday. If gold cannot recover for a long time, there is still room for gold to continue to fall. The current rebound of gold is not particularly strong. Gold may build a relay platform near the 2340 position, so I think the gold downward trend is far from over. After the end of the shock, gold will continue to fall, targeting 2300 or even the 2280 position area. Gold is currently facing short-term resistance in the 2345-2350 area. In the next transactions, I will still focus on shorting gold, and then watch a new round of downward trend break out. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by Trading-Hawkeye
Today's trading trends, buy gold strategyAt the beginning of the trading session on May 23 (US time), world gold prices were under strong selling pressure due to tough sentiment in the minutes of the May monetary policy meeting just announced. The minutes show that US Federal Reserve (Fed) officials are increasingly concerned about inflation. The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. Experts from the World Gold Council predict that despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Wall Street analysts said that it will take the market longer than expected for the Fed to determine for sure whether inflation has really decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold is preparing for a new price increase💥Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. 💥Gold is under profit-taking pressure after the precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level of 2,400 USD/ounce. 💥Gold is strongly supported in the context of geopolitical and economic instability. According to data from the World Gold Council, since the beginning of the year, gold prices have increased more than 16%, reaching a record high of over 2,400 USD/ounce in May. Gold may be ready for another price increase. Gold could reach 3,000 USD/ounce within the next 6 to 18 months. 💥Currently, gold price is trading within the triangle flag border. This accumulation price pattern will soon break and surpass notable hooks like 2407.2435. Wider trading ranges are located at 2402 and 2448 with solid support and resistance zones. SELL price range 2440 - 2442 stop 2446 BUY price range 2409 - 2407 stop 2403 BUY price range 2402 - 2400 stop 2393
OANDA:XAUUSD
by TVS-Trader
2
🚨Gold is Ready to Go Down🚨_Can Gold make New ATH again❗️❓✅ Gold managed to create a New All-Time High(ATH) at the beginning of the week. 🏃‍♂️Currently, Gold is moving near the 🔴 Resistance zone($2,450-$2,426) 🔴. 🌊According to the Elliott wave theory , Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect Gold to continue falling to at least the 🟢 Support zone($2,373-$2,353) 🟢. Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
16
Gold price entered the adjustment period after create a new peakGold prices continued to decline on Tuesday, completely covering the recovery phase after the pullback from the $2,450 mark. However, gold remains supported by rising expectations of a Fed rate cut, ongoing geopolitical tensions, along with strong demand from central banks and Asian buyers. The daily chart of the XAU/USD pair favors an extension to the upside, as the pair trades above all of its moving averages. In fact, the 34 Simple Moving Average has modest upward traction at around $2,340, while the longer moving averages point further north than that. Furthermore, technical indicators are all moving higher near overbought levels with no signs of exhaustion. Gold prices hit a new record high early Monday hitting $2,450. The precious metal fell in price during the US trading session, mainly due to profit-taking, as the USD did not fluctuate much. The USD traded gloomy on the foreign exchange board due to a lack of new information from the economic calendar. Gold price is approaching the important level 2407 which determines the next trend of gold. Plan May 21 Support: 2401 - 2391 - 2379 Resistance: 2431- 2442 - 2453 - 2458 - 2473 Breakout and retest: 2431 - 2407 SELL price range 2454 - 2456 stop 2460 BUY price range 2392 - 2390 stop 2386
OANDA:XAUUSD
by TVS-Trader
Today's trading strategy, Gold trendGold prices fluctuated sharply when some US Federal Reserve (FED) policymakers recommended that the organization wait a few more months to ensure inflation really cools down, before starting to cut. interest rate. Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous position. Under pressure from the USD, speculators may worry that holding gold will reduce profitability. So in last night's trading session, when gold was trading in the region of 2,400 USD/ounce, they massively sold out.
TVC:GOLDLong
by FalCol_TradingMaster