Ultra-short-term gold buy. The increase is about 6-10 US dollars
Friends who like to trade gold can add long orders for gold. There is room for an increase of about 6-10 US dollars.
The MA 30-minute chart shows that gold is about to form an inverted triangle. It is a good choice to rely on the support below to go long in the short term.
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Goldintraday
XAUUSD:17/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2373
Gold operation suggestions: Yesterday, the technical aspects of gold surged rapidly in the Asian market and broke through the 2397 mark, ushering in a suppressed and volatile downward trend. The European market reversed for a second time and came under pressure of 2394, and fell back again. In the US market, the gold price continued to bear the influence of the initial unemployment claims data. It weakened again under the 2386 mark, and finally continued to decline to rebound and close around 2370. The overall price appeared under pressure below the 2400 integer mark. Yesterday, the European market opened down around 2392-94, which became a short-term strong resistance area.
Judging from the 4-hour trend of gold, the short-term support below is focused around 2370-73. The overall focus is on the 2370-2395 area to maintain selling high and buying low. The strong dividing line for short-term bulls focuses on the 2350 mark. The daily level has stabilized and bulls are still strong above this position. There is no important data today. Beware of unilateral market trends.
SELL:2397near SL:2341
BUY:2373near SL:2370
Technical analysis only provides trading direction!
XAUUSD: 16/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2384-73
Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated upwards and strengthened. Before the US market, the gold price dipped for the second time and stabilized at the 2358 mark. Under the influence of bullish CPI data, the gold price quickly It surged above 2378 and suppressed the fall. Afterwards, the gold price dipped for the second time and stabilized again at the 2351 mark, ushering in a strong bullish straight-line breakthrough, and finally closed above 2390. The daily level continued to be strong, maintaining the unilateral upward rhythm of the bulls.
Judging from the current trend, today's lower support will focus on the hourly top-bottom transition position around 2384-73. If you step back during the day, you will rely on this position to continue to follow the trend. The bullish trend remains unchanged. The strong dividing line for short-term bulls will focus on the 2373 mark. When the daily level stabilizes above this position, the strong bullish rising rhythm will still be maintained. The main focus is to continue to buy at low prices to participate after stepping back.
BUY:2384near SL:2380
BUY:2373near SL:2370
Technical analysis only provides trading direction!
GOLD - in the long term is still bullishThe US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%.
Mr. Jim Wyckoff, senior analyst at Kitco Metals, stated that the gold marketplace is witnessing a few ordinary profit-taking strain after latest gains, whilst a mild growth withinside the USD index additionally contributed to extended strain. that force.
However, Fitch Solutions` BMI evaluation unit stated that a weaker USD, falling US authorities bond yields in addition to extended geopolitical tensions supported gold final week. This unit nonetheless expects gold fees to hold above 2,250 USD/ounce withinside the coming months...
Buy gold price near 2320. Target position short-term 2346 first
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line
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Gold can still maintain this range for long purchases to earn the price difference. Rely on the MA below and the geopolitical news below as support. In the ultra-short term, I personally think there will be more room for buying operations and lower risks. 20310-2319buy
COMEX:GC1! TVC:GOLD OANDA:XAUUSD MCX:GOLD1!
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Gold prices are likely to increase sharply in the coming daysGold rate forecast
Gold costs accelerated due to the fact tensions in Ukraine and the Middle East nonetheless display no symptoms and symptoms of cooling down. Russia is attacking on many fronts in Ukraine and fierce combating is occurring. Meanwhile, withinside the Middle East, Iran these days stated it'd create a nuclear bomb if threatened via way of means of Israel.
With indicators from cooling US commodity costs, it's far probable that the USD will keep to sag and in all likelihood weaken because the time till the September assembly steadily shortens.
Recently, many forecasts say that gold costs can also additionally weaken this summer, in all likelihood in May and June while the Fed delays reducing hobby rates. However, if inflation withinside the US is still managed and americaA financial system suggests similarly symptoms and symptoms of weak spot, gold has the possibility to growth its rating following the weak spot of the greenback.
In addition, buyers additionally carefully display geopolitical fluctuations withinside the Middle East, Ukraine and a few different regions.
XAUUSD: 14/5 Gold fluctuates in a wide rangeGold technical analysis
Daily resistance 2361-2400, support below 2327-19
Four-hour resistance is 2345-65, support below is 2327-19
Gold operation advice: Yesterday, gold technology faced a unilateral decline. The Asian and European markets rebounded slightly and were under pressure. The 2364 mark continued to fluctuate downwards and weakened, and then further accelerated downwards and broke through the 2350 mark to reach a stable rebound near 2338. In the end, the U.S. market rebounded for the second time and came under pressure at the 2349 mark, which further fell to a new low and closed at a new low. After a strong rise in the two trading days of last Thursday and Friday, the overall price once again ushered in a suppressed fall and closed. In the short term, it still showed a wide range of long and short shocks. Running below 2378 still sees suppression and shock finishing
Judging from the current market trend, short-term resistance at the top is focused on yesterday's hourly opening near 2345-47, and strong support at 2327 and 2320 at the bottom. The short-term watershed between long and short strength will focus on 2320. Until the daily level falls below this position, the low-price long rhythm will remain unchanged.
BUY:2327near SL:2324
BUY:2320near SL:2315
SELL:2365near SL:2370
Technical analysis only provides trading direction!
World gold prices will continue to increase in the long termGold buy limit
World gold rate extended with the aid of using 15 USD/ounce, to 2,356 USD/ounce after americaA manufacturer rate index (PPI) introduced a warm growth. US April PPI extended 0.5% over the preceding month, in comparison to expectancies of a 0.3% growth. The center PPI rate (apart from meals and energy) additionally extended 0.5% in April in comparison to expectancies of handiest a 0.2% growth. However, the March PPI quantity turned into revised right all the way down to terrible 0.1% from the to start with stated 0.2% growth. An index this is of hobby to the market, introduced on May 15, is the purchaser rate index (CPI). CPI is forecast to growth 0.4%, in comparison to the March file displaying a 0.4% growth. The annual CPI in April is anticipated to growth with the aid of using 3.6% in comparison to a 3.8% growth withinside the March file.
US Federal Reserve Chairman Jerome Powell spoke in Amsterdam announcing inflation has been better for longer than the Fed anticipated and it seems it'll take the Fed longer to be assured that inflation Inflation will fall to 2% annually. He stated the Fed will preserve restrictive economic coverage till inflation falls to a stage the Fed is happy with. Powell`s remarks did now no longer come as a wonder to the market.
XAU/USD 14 May 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as analysis dated 13 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line.
M15 Chart:
Gold prices have strong fluctuationsGOLD ANALYSIS - May 14, 2024
⬆️Buy gold across the charge variety of 233x
⬇️Sell gold across the charge variety of 235x
Yesterday, the charge of Gold had a downward fashion as expected, symptoms and symptoms of purchasing seemed across the 233x area.
Traders can prioritize shopping for across the cutting-edge charge variety and anticipate a sturdy growth withinside the close to future. Stop as quickly as gold breaks the 233x charge variety. Gold goal may be 2350 today.
Other valuable metals additionally went up yesterday. Silver fees extended 0.3% to 28.2 USD an ounce. Platinum brought 0.6%, to 1,000 USD - the best in almost a year.
XAUUSD: 13/5 Today’s Strategy and AnalysisGold technical analysis
Daily resistance is 2361/2400, support below is 2327/2319
Four-hour resistance is 2365/2370, support below is 2340/2327
Gold operation suggestions: The current strong dividing line for bulls is at 2330. This position will also be related to the long-short conversion in the later period. For now, the long-short situation is unclear and in a state of contention. The strong resistance above is 2370/2377. Although it rose sharply last Friday, the energy is likely to have been exhausted, and it is likely to continue to fall in the short term.
Judging from the current trend of gold, we focus on the support of 2340/2327 below, the resistance of 2365-2370 on the top, and the suppression of 2377. From the chart, the market tends to fluctuate and fall.
BUY:2327near SL:2324
SELL:2365near SL:2370
Technical analysis only provides trading direction!
XAUUSD: 9/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2320-26, support below is 2300-2293
Four-hour resistance 2320-26, support below 2300-2280
Gold operation suggestions:
Judging from the current trend of gold, the upper resistance today focuses on the opening of yesterday's decline near 2320-2325. The intraday counterattack relies on this position to continue to be bearish. The lower support focuses on the 2300 integer mark. Continue to sell high and buy low. To go long, you can only wait for key positions to enter the market, and fast in and fast out are suitable for scalping.
SELL:2300 near SL:2305
BUY:2305 near SL:2300
Technical analysis only provides trading direction!
Gold is likely to return to the 24xx area this weekLast week, the yellow steel published modest profits as expectancies that the United States Federal Reserve (Fed) might loosen coverage this 12 months improved following vulnerable monetary data. Experts say that subsequent week is an vital time to determine whether or not gold will attain a brand new document or now no longer while the marketplace gets the April patron rate index and manufacturer rate index reports. Recently, The Fed emphasised that America`s inflation strugglefare isn't powerful while inflation remains a lot better than the goal degree of 2%. In addition to the patron rate index and manufacturer rate index, this week the marketplace will anticipate the United States retail income report, the wide variety of weekly unemployment gain applications, and the assertion of Fed Chairman Powell in Amsterdam.
According to Larry McDonald, founding father of the Bear Traps Report, the United States is in a chronic inflation strugglefare, in which all asset training will see "sizeable" revaluations and as Therefore, capital flows withinside the marketplace will steadily shift to difficult assets. “This is the time while the Fed takes action, which creates a bullish situation for difficult assets,” he said.
McDonald believes that a few metals have sizeable rate will increase and predicts gold charges will attain $3,000-3,500/ounce withinside the subsequent 12-18 months.
Gold prices receive a lot of economic and geopolitical pushscalp gold sell 235x
tp 233x
sl 236x
--------
According to Mr. Joaquin Monfort, FXStreet expert, gold fees accelerated this consultation after some of important important banks determined to reduce hobby quotes, which include the Swedish Central Bank (Riksbank), or signaled the opportunity of a reduce. withinside the future, which include the European Central Bank (ECB). Lower hobby quotes lessen the "possibility cost" of maintaining gold, a non-hobby-bearing asset, for this reason making gold greater attractive.
Mr. Monfort stated the treasured steel is likewise seeing the go back of cash searching for secure havens amid the "impasse in ceasefire negotiations among Israel and Hamas."
XAUUSD:7/5 Today’s Market Analysis and StrategyThe 4-hour moving average of gold began to turn upward, forming a double bottom structure, and gradually stabilized. Gold did not fall further, and it dropped to the 2315 line and stabilized and rose again. The Asian market continued to go long on dips above 2315.
Asian market analysis
1H resistance is 2331, support below is 2315
4H resistance is 2331-2345, support below is 2393
Daily resistance is 2331-2345, support below is 2393/2383
Asian market strategy:
BUY:2313~2317 SL:2309
SELL:2345~2348 SL:2355
Asian market strategy NY time is invalid
NY Time Strategy Pre-Opening Update
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
-----
At round 6 a.m. on May 8, nowadays`s gold rate became buying and selling at 2,315 USD/ounce, down 10 USD as compared to the best rate in remaining night's buying and selling consultation of 2,325 USD/ounce.
World gold expenses went down whilst a few US Federal Reserve (FED) officers stated that inflation withinside the US remained excessive and hobby costs ought to stay the equal for an extended duration of time.
Responding to this information, the USD-Index extended 0.26% to 105.forty two points. Accordingly, the USD extended in cost as compared to many different overseas currencies. Gold rate nowadays is in a disadvantageous position.
Meanwhile, analysts say that US bond hobby costs closing at excessive ranges have come to be appealing to investors. Since then, many humans have confined capital into the gold market. Today's international gold rate is compelled to weaken.
XAUUSD: 6/5 Today’s Analysis and StrategyDuring the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased.
Although the employment data reinforced expectations that the Federal Reserve will start cutting interest rates this year, which should support non-yielding gold, it has instead prompted investors to move to riskier assets. Driven by the outbreak of tensions in the Middle East and strong central bank buying, gold prices hit a record high of $2,431 in April. Since then, the safe-haven gold has fallen 5.7%, or about $140.
Investors will pay close attention to speeches from Federal Reserve officials this week, as well as the preliminary University of Michigan consumer confidence index for May to be released on Friday. In addition to speeches by Fed officials and U.S. economic data, investors will continue to pay close attention to developments in the Middle East. If tensions escalate, the resulting safe-haven buying will provide support for gold prices.
Gold Friday's NFP reached the expected value and was significantly bullish. The volatility adjustment range was large, and roller coaster market trends occurred frequently. The daily line closes the negative cross line with a long lower shadow, the price maintains running below the MA10 daily moving average of 2314, the Bollinger Bands middle track is adjusted below, and the RSI indicator is adjusted on the central axis. The short-period four-hour moving average has not increased in volume or opened, the Bollinger Bands have shrunk, and the price has adjusted below the mid-track. The technical side of gold fluctuates and bears a bearish trend, the adjustment range gradually widens, and the long-short wide trend shows high-frequency conversions. The trading range adjustment is large!
Asian market analysis
1H resistance is 2320, support below is 2293
4H resistance is 2326, support below is 2293
Daily resistance is 2326, support below is 2283/2267
Asian market strategy:
BUY:2280~2283 SL:2272
SELL:2317~2320 SL:2325
Asian market strategy NY time is invalid
NY Time Strategy Pre-Opening Update
How does the gold price work in the London market? Must see
In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices.
The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
XAUUSD: 3/5 Today’s Market Analysis and StrategyIn the Asian market on Friday, gold traded sideways at the important 2300 mark; on Thursday, the price of gold staged a rebound of over US$20 during the NY session. The U.S. dollar index fell sharply from its intraday high of 105.90, which provided gold prices with rebound momentum. In addition, tensions in the Middle East also attracted some safe-haven buying. Benchmark 10-year Treasury yields erased daily losses after the U.S. data, sending gold prices lower ahead of Friday's U.S. jobs data.
Gold prices held firm at the 2,300 mark during the North American session on Thursday amid upbeat market sentiment, falling U.S. Treasury yields and a weaker dollar. Traders are still digesting comments from Federal Reserve Chairman Jerome Powell on Wednesday and the U.S. central bank's decision to keep interest rates on hold. At the same time, data showed that the U.S. trade deficit narrowed slightly and the labor market remained tight. Market participants expect the Fed to take a tougher stance but remain neutral. The central bank issued a neutral monetary policy statement and announced that it would slow down the pace of its quantitative tightening (QT) program.
Investors are beginning to focus on preparations for the U.S. non-farm payrolls report for April on Friday. The market expects that the U.S. will add 243,000 new jobs in April. Although it is not as good as the 303,000 jobs in March, the increase is still large. Average earnings are expected to rise 0.3%, the same as March's gain, according to a survey.
Technical
Gold first fell and then rose on Thursday, basically falling back to its starting point on Wednesday. Although it did not go unilaterally, it was overall weak. US gold rose at the support point of the 2285-day Bollinger Band, with a maximum around 2309. Recovered some of the falling space. Judging from the current closing line, gold tends to fluctuate in the H4 cycle. The daily rise will still take time or require the impact of non-agricultural data. The range that can be seen in Asia and Europe is 2315~2295. The US market is optimistic about gold rising under the influence of non-agricultural data. , above the high of 2340.
Asian market analysis
1H resistance is 2310, support below is 2296
4H resistance is 2326, support below is 2285
Daily resistance is 2347, support below is 2267
✅Asian market strategy:
BUY:2285~2288 SL:2276
SELL:2318~2324 SL:2328
Asian market strategy NY time is invalid
XAUUSD: 2/5 Prioritize long positions at low prices todayIn the Asian market on Thursday, gold fluctuated within a narrow range and is currently trading at 2320, holding on to most of the overnight gains. After the Federal Reserve kept interest rates unchanged for the sixth time and announced that it would slow down the pace of balance sheet reduction, the price of gold rose sharply above the 2300 milestone and once reached a daily high of 2328. In addition, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on interest rate cuts for the remainder of this year. Affected by this, the U.S. dollar index fell sharply and gold soared nearly $33.
In terms of data, U.S. private employment (ADP) increased more than expected in April, suggesting that the labor market maintains momentum at the beginning of the second quarter. However, job vacancies in the United States fell to the lowest level in three years in March, and the number of resignations fell. These signs indicate that labor market conditions have loosened. The U.S. ISM manufacturing PMI fell back in April, which also provided support for gold.
In addition, the ongoing war in the Middle East has also provided support for gold prices. The Israel Defense Forces stated on May 1 that Israel dispatched fighter jets to conduct air strikes on multiple military targets of the Palestinian Islamic Resistance Movement (Hamas) and the Palestinian Islamic Jihad (Jihad) in the Gaza Strip, including weapons depots, military buildings, and rockets. bomb and mortar launching points, etc.
This trading day will release changes in the number of initial jobless claims in the U.S., the U.S. trade balance in March, the number of layoffs by challenger companies in the U.S. in April, and the monthly rate of U.S. factory orders in March. Investors need to focus on this. In addition, pay attention to the announcements from Federal Reserve officials. speech.
Technical
Gold's daily sun ended strongly. Under the influence of data, gold bulls formed a second surge in volume yesterday. The current daily chart is close to the MA10 daily moving average of 2328, and the closing price in New York stands above the MA5 daily moving average of 2320. The daily structure is idle and multi-form! The short-period four-hour chart is back on the middle track of the Bollinger Bands, the RSI indicator is running above the central axis, and the moving average system low of 2300 forms a golden cross opening upward. The trading idea remains low and long, supplemented by high altitude.
Asian market analysis
1H resistance is 2336, support below is 2313
4H resistance is 2343, support below is 2300
Daily resistance is 2355, support below is 2289
✅Asian market strategy:
BUY:2303~2305 SL:2295
SELL:2338~2340 SL:2350
Asian market strategy NY time is invalid
XAUUSD: 1/5 Today’s Market Analysis and StrategyThe price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued to rise for the third consecutive month.
In addition, the U.S. benchmark 10-year Treasury bond yield also rose, weakening the investment appeal of international gold. As U.S. data showed rising employment costs, indicating continued inflationary pressures, gold prices fell sharply below the 2,300 mark. The Fed needs to be patient when cutting interest rates, as Fed Chairman Jerome Powell said two weeks ago. A stronger U.S. dollar and rising U.S. Treasury yields caused gold prices to fall as markets expected the Federal Reserve to cautiously adjust interest rates.
In addition to the Fed's interest rate decision and Fed Chairman Powell's speech, this trading day will also release US ADP employment data for April and US ISM manufacturing PMI data for April, which investors need to pay close attention to.
Technically, gold is operating with a bearish structure, and the day-to-day rebound is dominated by high-altitude layout participation.
Asian market analysis
1H resistance is 2296, support below is 2278
4H resistance is 2305, support below is 2266
Daily resistance is 2313, support below is 2253
✅Asian market strategy:
BUY:2273~2275 SL:2265
SELL:2298~2300 SL:2310
Asian market strategy NY time is invalid
Gold Retracement to Pick Up Steam and Head SouthGold, Weekly - Indicators with Fibs Overlay: There is the risk of an extension long up here if gold can find support above 2257.36 . . . the issue is that our fibs on the intraday are bearish and we keep going down. But, if bulls find support, the upside of this extension is 2500. But, currently, we are bearish and I suspect that we will take some time to trade down into the weekly bull fibs, 2048-2194 . . . that is my preferred scenario. That would also be part of the series of longs, the first one trading in Oct 23 as a result of the late 22-early 23 spike that saw gold trade it's long in our golden 50-61.8% zone in Oct of 23 at 1800.
It is usually a bad idea to buy above the Weekly Bollinger Band. Anybody who bought in the prior three weeks and held are now underwater. We have also fallen below the 5 week SMA and about to lose the embedded status of the slow stochastic with a decline next week. The 20Week SMA, Yellow Line and Midpoint of the Bollinger Band, at 2150 is a really good target. That 20Week SMA was also support that we bounced from earlier this year to get the bull move going. My bias does remain lower, though we will have occasional violent bursts higher into resistance.