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GOLD-analyze Hamas on Sunday reiterated its demand for an end to the war in exchange for the release of hostages, while Israeli Prime Minister Netanyahu flatly rejected the demand. The prospect of a ceasefire in Gaza seems slim, and the future geopolitical situation remains the most unstable factor affecting financial markets. This week will be the least economic data release week of the year. Including Wednesday’s 10-year bond auction, Thursday’s Bank of England monetary policy decision and the U.S. Treasury’s 30-year bond auction, as well as Friday’s preliminary University of Michigan consumer confidence data, today we need to pay attention to the U.S. global supply chain in April Stress Index, Fed Barkin and Williams speak. After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline, so we still treat it as range fluctuations. From a technical point of view, the K-line is suppressed below the 5D and 10D moving averages. Therefore, overall, it is currently weak. However, it should be noted that the support point 2280, which was concentrated last week, has not broken. The non-agricultural data is good for gold. , but it rose first and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral trend. Therefore, for this week’s market, 2276-2280 is the key point for the strength and weakness of the trend. 2320 above is the resistance point of the moving average, and it is also the highest point of the rise after the release of non-agricultural data, so today we need to pay attention to whether 2320 can break through. If it breaks above, there is still room for growth, because we still treat it as range fluctuations in the short term, so we reach the resistance point. You can choose to sell, but use smaller lots Today we are mainly buying, so I have given important support points below. You can wait for the support points to buy. Aggressive traders can buy near 2300. You need to strictly set SL. The market changes quickly, so pay attention in real time. It is very important to modify the strategy according to the market conditions What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Entry to sell Gold today, risk of big decreaseAnalysts said that although gold recorded its second consecutive week of decline after a 5-week recovery streak, in general, investor sentiment still remains optimistic about the precious metal. According to analysts' opinions, the US Federal Reserve (Fed) is clearly expressing its view that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference Recently, Fed Chairman Jerome Powell made it clear that the US Central Bank has no intention of raising interest rates. In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high. World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
TVC:GOLDShort
by FalCol_TradingMaster
There is a risk of decline, entry sell Gold todayWorld gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning. The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released report showed that the US job market is weakening, which has increased expectations that the US Federal Reserve (Fed) will interest rate cuts this year. ActivTrades senior analyst Ricardo Evangelista said that the number of jobs created last month was much less than experts forecast, combined with slowing wage growth, which will cause the Fed to consider easing. monetary policy this year. According to the FedWatch tool, after the report, the market increased the likelihood that the Fed will conduct the first interest rate cut in September to 71%. Evangelista said that investors will wait for statements from some Fed officials this week to get more clues about the monetary policy trajectory of the US Central Bank. This expert also said that tensions in the Middle East will be a factor supporting gold this week.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold has successfully built a bottom, start long goldToday officially starts a new week of trading journey. Today, gold rebounded again after testing near 2391, reaching a maximum near 2324. During the rebound, gold strongly broke through the 2310-2315 resistance area, and more importantly, it broke through the 2320 position, the NFP market high last Friday, and the short-term trend of gold turned from weak to strong. In addition, gold has built a triple bottom structure in the short-term structure, and the support below is solid. There should be room for gold to continue to rise in the short-term. Therefore, we shorted gold near the 2323 position in the morning, and I have manually closed the position near the 2317 position to lock in profits in time. And it is recommended to look for opportunities to do long gold. Therefore, in trading, we can rely on the 2315-2310 area as support and wait for opportunities to do long gold. The upper resistance is in the 2330-2335 area.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:XAUUSDLong
by alongwineer
Current Gold trading trend,sell first and wait for the buy priceLast week, the world gold price in the first session of the week traded at 2,335 USD/ounce. In the following sessions, gold prices could not maintain the mark above 2,340 USD and began to decline, reaching the lowest level of the week below 2,283 USD. World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the roadmap to adjust interest rates. However, gold prices could not maintain their upward momentum and weakened at the end of the week. Gold price on Kitco closed the trading week at 2,301 USD/ounce. June gold futures price closed at 2,309.70 USD/ounce, down about 1% compared to last Friday. Kitco News's latest weekly gold survey shows that experts are less positive about gold's prospects in the short term. Most retail traders believe that gold prices will decrease or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, 33% predict a decrease. This week, the market is interested in notable economic information such as the US 10-year bond auction, preliminary consumer sentiment report from the University of Michigan,...
TVC:GOLDLong
by FalCol_TradingMaster
Gold is likely to increase again, today's trading trendWorld gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,302.7 USD/ounce. Experts assess that the gold market has just had an interesting week when it received a lot of information that affects the direction of this precious metal. Gold started a series of declines and reached the lowest mark below 2,283 USD/ounce at noon on May 1 (US time) from 2,335 USD/ounce at the beginning of the week. However, this precious metal regained momentum when the US Federal Reserve (Fed) announced to keep interest rates unchanged and increased again above 2,325 USD/ounce. However, this precious metal was unable to maintain its recovery momentum and returned to test the level of 2,290 USD/ounce. Although gold recorded its second consecutive week of decline after a 5-week recovery streak, experts still maintain optimism for this precious metal. Many opinions say that the US Central Bank has taken a not dovish stance on future monetary policy, but is certainly not "hawkish". At the press conference after the policy meeting in the middle of this week, Fed Chairman Powell made it clear that the Fed has no intention of raising interest rates. “I think it is unlikely that interest rates will increase. I would say that is unlikely to happen,” Mr. Powell said. Experts also say that the factors that pushed gold prices to record highs despite the Fed's stance still remain, including demand from central banks.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold has dropped dramatically,what is the opportunity to buy nowGold prices fell sharply in today's trading session, slipping from the $2,300/ounce level on concerns about higher, longer-term US interest rates ahead of this week's US Federal Reserve (FED) meeting. . Weakening safe haven demand is also exerting pressure, especially as recent reports suggest ceasefire talks have resumed between Israel and Hamas. This makes gold even more vulnerable to interest rate risks. But despite recent declines, gold prices still traded up more than 4% in April, extending the impressive gains seen in March. The focus is now on the Fed meeting this weekend, where the central bank is expected to keep interest rates steady. But Fed Chairman Jerome Powell is expected to take a more hawkish stance on interest rates, especially after a series of hot inflation indicators. Signs of persistent inflation suggest traders have largely underestimated expectations for a near-term rate cut by the Fed. The central bank is currently only expected to cut interest rates in September or the fourth quarter, if at all this year. Higher interest rates for longer periods bode poorly for gold because they increase the opportunity cost of investing in the yellow metal. The strength of the dollar, thanks to the outlook for stable exchange rates, is also putting pressure on broader metals markets. Other precious metals also decreased in price today, accordingly, platinum futures prices decreased 0.1% to 959.05 USD/ounce, while silver futures prices decreased 1.8% to 27,168 USD. /ounce.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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OANDA:XAUUSDShort
by Thief_Trader
NFP! Short gold!The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging from the recent trend, gold has determined that 2430 is the top. The short-term bullish structure has been partially digested during today's narrow range; on the other hand, U.S. inflation remains high. Although the Federal Reserve has not decided to raise interest rates, the market's expectations for an interest rate cut by the Federal Reserve are also decreasing.It also suppressed gold to a certain extent. So even if gold rebounds to a certain extent, I think gold's rebound space is limited. Then we can boldly short gold in the NFP market. According to the current gold trend, I predict that gold will not exceed 2325 in the local rebound, so we mainly focus on the 2305-2310 area and the 2320-2325 area.If gold rebounds into this area, we could consider shorting gold. Once NFP is negative for gold, gold is likely to continue its correction to 2270, or even near 2260. 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 alongwineer
1
GOLD-analyze Today you need to pay attention to the impact of US non-farm payrolls data and unemployment rate on gold in April. Today's golden range is 2280-2344, and the small range is 2290-2330 You can trade within the range. Every Friday's trend is quite unexpected. You need to have stricter SL to prevent gold from causing you greater losses because the data breaks through the range. Non-agricultural employment was as high as 303,000 last month, and this time it is expected to be 243,000. The probability of the data being higher than 240,000 is slim. To a large extent, it is still lower than 240,000, which means it is a bullish situation for gold, but we need to wait for the release of data to know the details What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
The weak decline will not continue, Buy goldRecently, gold has been looking different every day. Yesterday, gold maintained an upward trend, but today it hit around 2328 and then fell back. The current lowest level has hit around 2295. The lack of continuation of gold's long and short positions has brought us a certain degree of difficulty in trading. Gold is currently trading near the 2298 position. Although gold continues to fluctuate and fall today, I think gold will not undergo a deep correction today.Because before the release of NFP data, the trend of gold was relatively cautious, making it difficult to form a unilateral market in the short term.And as long as gold holds the 2295-2290 area, gold bulls will still have enough energy to support gold's rebound, so we should not be overly bearish on gold. In addition, if gold really replicates the trend after April 23 as expected, then after gold ends the first stage of rebound, there will still be a second stage of rebound. Therefore, in the short term, I think there is a high probability of gold rebounding again in the short term. Therefore, in trading, we can consider looking for suitable opportunities in advance to go long gold before gold rebounds; after gold rebounds, we can then consider shorting gold, and the target of long gold is towards the 2310-2315 area. 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:XAUUSDLong
by alongwineer
1
Gold rebounded as expected and made a profit of $17KGold rebounded as expected. I believe that many people were chasing short gold yesterday and today. However, after gold fell sharply, I have reminded everyone not to be overly bearish on gold. Gold may have a short-term rebound and repair.And it is very likely to copy the trend after April 23. We first went long gold in gold trading today. After gold rebounded as expected and touched above 2310, we looked for opportunities to participate in short-term short gold. In both long and short transactions, the transaction ended by hitting TP, with a total profit of $17K. At present, gold has rebounded as expected and touched above 2310. However, gold is not particularly strong during the rebound, so it is difficult for gold to form a unilateral trend in a short period of time. It even needs to continue its energy in the form of shocks like the previous period. So even if we see gold rebound and rise, we cannot be overly bullish on gold. I think gold is most likely to replicate the trend of April 23, so for the short term, we can see that the short-term top position is in the 2325-2330 area, and it may not even touch this area. Therefore, during the rebound of gold, we cannot be overly bullish on gold. Moreover, before the interest rate decision and non-agricultural data are released, it will be difficult for gold to do much, and it may even need news guidance to break the current volatile trend. Therefore, before breaking through the volatile trend, for the current short-term, both long and short sides have the potential to make profits. The top will first focus on the 2310-2315 area, followed by the 2325-2330 area. We can wait for opportunities to short gold around these two areas; and as gold rebounds, the bottom will first focus on the 2295-2290 area, followed by the 2285-2280 area. Similarly, we can look for opportunities to do long gold around these two areas. 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:XAUUSDLong
by alongwineer
GOLD-analyze The Federal Reserve's monetary policy meeting is expected to maintain interest rates at 5.25%-5.5%. Federal Reserve Chairman Jerome Powell's speech on Wednesday will provide more clues on expectations for a rate cut. Traders have scaled back bets on the Federal Reserve cutting interest rates this year as recent U.S. economic data has been stronger than expected and inflation continues to rise. Bond investors expect Fed Chairman Jerome Powell to sound hawkish at a news conference, likely stating that the Fed is in no rush to cut interest rates given persistent inflation and a still-strong labor market. In addition to the Fed's interest rate decision and Fed Chairman Powell's speech today, the US April ADP employment data and the US April ISM manufacturing PMI data will also be released, which requires focus. Yesterday, gold fell all the way without even a chance to rebound. This was something I did not expect. Since the market has already shown this trend, we can only follow the market. The current market is absolutely weak. Today, rebound selling is the main focus. The suppression points of concern above are the moving average suppression points of 2313, 2300, and 2295. But gold must fall below 2270 before it can completely turn into a downward trend. Otherwise, I think gold still has a chance to rebound to 2330-2344. The focus of today's market is after the release of the US ADP data. The impact of the data cannot be seen through technical aspects. We will wait for the data to be released before looking. Therefore, today's trading can wait for the resistance point to sell. Radical traders can sell near 2290. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSDShort
by UnknownUnicorn71050047
Short gold, pointing at 2300!After gold fell below the upward structure today, it fluctuated all the way down. It stopped falling and rebounded after hitting around 2311. However, the rebound was relatively weak and it did not even touch the 2320 position. We currently still hold a short position near the 2323 position. Unfortunately, gold only touched near the 2311 position and did not hit TP: 2310. So what we need to do now is to wait patiently for gold to fall and hit TP. . Since gold has fallen below the upward structure, we cannot blindly insist on being bullish on gold. On the contrary, we should adjust our short-term trading strategies in a timely manner as the market changes. According to the current structure, gold has no ability to resist during the decline. Relatively speaking, gold's short position advantage is slightly better. As gold falls, multiple early supports for gold have turned into resistance. Now gold faces resistance in the 2320-2325 area in the short term, followed by resistance in the 2335-2340 area. The support below is the 2300 mark. According to the current situation, gold is expected to continue its correction and touch the 2300 area. Therefore, in the next short-term trading, we will change our trading strategy as the market trend changes. In short-term trading, we will mainly short on rallies.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 alongwineer
1
IS BTC READY FOR NEW INCREASE TO 68KBitcoin seems the last day in a broken downtrend with here and there what stability. There are some important levels if BTC can hold them, we could see a new uptrend weekend, which weekends are known most of the time on their stability volume. The trend of now. BTC trying to find the right way to get out to new building volume, out of the playing trend. Can this weekend have a new change since we are by the key level that's exactly what we will follow if BTC can break the key level l of 65K with a high chance of 68K There is always a chance there will be manipulation volumes, it depends on building volume and that's hard to count. small changes can always be targeted, its BTC. For day traders, there change noting, since day traders trade depending on what the market shows, this can be short or long at any time. This is not trading advice, markets going on their way.
Long
by SatochiTrader
1