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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!
OANDA:XAUUSDShort
by ActuaryJ
1
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!
OANDA:XAUUSDShort
by ActuaryJ
4
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.
TVC:GOLDLong
by TheLeader_WOLF
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."
TVC:GOLDShort
by TheLeader_WOLF
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
OANDA:XAUUSDLong
by ActuaryJ
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.
TVC:GOLDShort
by TheLeader_WOLF
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
OANDA:XAUUSDShort
by ActuaryJ
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.
TVC:GOLDShort
by AA_Jack
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
OANDA:XAUUSDLong
by ActuaryJ
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
OANDA:XAUUSDLong
by ActuaryJ
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
OANDA:XAUUSDShort
by ActuaryJ
1
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.
OANDA:XAUUSDShort
by CeresTrader
XAUUSD:30/4 Real-time market analysis of gold pricesDuring the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues on the trajectory of Fed interest rates. Higher-than-expected March consumer inflation data released earlier this month prompted traders to lower expectations for a rate cut from the Federal Reserve. The market is currently worried that the chairman of the Federal Reserve will release a hawkish signal, which puts gold at certain short-term downside risks. The Fed's two-day policy meeting will begin on April 30. The Fed is expected to keep its target interest rate range unchanged at 5.25%-5.5% at the end of Wednesday's meeting, according to CME Group's FedWatch tool. The market is also paying close attention to U.S. non-farm payrolls data for clues about the Federal Reserve cutting interest rates. Investors also need to pay attention to news related to the geopolitical situation in the Middle East. There are few U.S. economic data on this trading day. Pay attention to the performance of the Eurozone's April CPI data and first-quarter GDP data. Gold fluctuated in a wide range, and the closing monthly line maintained the high-altitude, low-long, short-term thinking. The daily closing line Xiaoyin continues to suppress the closing below the MA10 daily moving average. Currently, the MA10/7 daily moving average on the daily chart opens downward at 2343/2328, and the RSI indicator continues to maintain the central axis adjustment. In the four-hour chart, the Bollinger Bands continue to close, and the moving average bond price fluctuates within a narrow range within the Bollinger Bands central axis adjustment channel. Today's monthly closing line is still dominated by shock and short-term thinking during the day. In the range, we will continue to focus on 2320/2350 first. Asian market analysis 1H resistance is 2343, support below is 2320 4H resistance is 2352, support below is 2312 Daily resistance is 2358, support below is 2296 ✅Asian market strategy: BUY:2315-2320 SELL:2345-2350 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold short-term trading strategy Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80 On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come. Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00. The expected trend for gold prices today is bearish. It is recommended to short gold near $2,300 I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold trading strategy analysis Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation. First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and prices falling. Second, economic factors: global economic growth is slowing down and demand for bulk commodities is weakening. U.S. data continued to rebound, consumption was weak, and global risk assets suffered a sell-off. This is especially true as Cyprus plans to sell off its gold reserves, sparking concerns that other countries may follow suit. Well-known international investment banks such as Goldman Sachs and Merrill Lynch began to collectively lower their expectations for gold prices, causing investors to sell in panic. For today's gold on Tuesday, the price fell below the ascending channel line and finally rebounded to determine the resistance area 2330-2332. This is a defensive suppression range and continued suppression is effective. If the price falls below the 2315-2312 area, if it falls below, then look for Go to the next 2303-2300 area, and then look for the 2388 and 2366 ranges The next thing to do is to use the top of the starting and falling points as a defense, and then continue to hold gold high, watch the price accelerate to test the 2315-2312 area, and switch the range downwards if the position is broken. My suggestion is to go short around $2320-2310, with a stop loss of $2335 and a target of $2302-2300. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results
OANDA:XAUUSDShort
by Gold_Digger_King
29/4 Asian market choppy moves, analysis and signalsIn the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more than 2% on a weekly basis, the largest since December. fell. The market expects the Federal Reserve to keep its policy interest rate unchanged at 5.25%-5.5%. The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The ensuing reaction could trigger a sharp drop in U.S. Treasury yields and boost international gold. This week’s focus will be on the Federal Reserve’s decision on Wednesday, and gold and other markets may continue to follow the changes in expectations of the Federal Reserve’s interest rate cut in the long-short game. There will also be a U.S. non-farm payrolls report on Friday, which will be another major factor that triggers market turmoil after the Federal Reserve decision. The structure of the gold daily chart keeps running below the MA10 daily moving average, and the moving average still maintains its opening downward. The RSI indicator adjusts above the central axis. Since the retracement of this round of adjustment to the middle track of 2291.8 Bollinger Bands, the price has risen at a low point, and the Bollinger Bands have moved to the current level. 2307 first line. In terms of the moving average, the four-hour chart opens slightly upward, the hourly chart is glued together, and the RSI indicator maintains its central axis adjustment in sync with the daily line. The market focus this week is on the non-agricultural data on Wednesday and Friday, when the market will experience greater impact and volatility. Trading at the beginning of the week was volatile and short-term thinking was the main focus. Asian market analysis 1H resistance is 2333, support below is 2320 4H resistance is 2341, support below is 2305 Daily resistance is 2352, support below is 2296 BUY:2318-2320,SL2310 SELL:2340-2343,SL2352 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold trend outlook The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce, Next week will be an important test for gold. This level has become an important pivot point. ​ Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow on the upside and potentially spell trouble for some bulls. Gold price action so far has been described as a healthy correction. The next major support level is expected to be around $2,255 an ounce. Staying above this level would send a signal to the market that the pullback is nothing more than a weak correction in a strong uptrend. While the Fed and Friday's non-farm payrolls report will be next week's two major economic events, there's still a lot of data coming out that will add to volatility next week. ​ Still, the central theme remains the tug-of-war between economic growth and inflation. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold trend analysis and trading advice The price of gold rose to a maximum of $2,352 today. It was hindered by resistance from above and could not continue to rise. Subsequently, it was affected by the annual rate of the core PCE price index in March and now maintains a downward trend. The market situation is changing rapidly, so it is particularly important to accurately judge the impact of the news and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. Only by grasping the market trend can you be invincible in trading. The latest important support and resistance levels for gold prices: Support level: $2310; $2295; Resistance: $2,361; $2,372 Trading operations: Go short after gold rebounds and go long after it falls. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold bottoms out and rebounds, long trade wins Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30. On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345. Gold short-term technical outlook analysis U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains. Generally speaking, gold tends to benefit in a risk-averse environment, which tilts the risk to the upside. In the short term, gold prices offer a neutral to bullish stance based on the 4-hour chart. Gold prices currently face resistance at the April 25 high of $2,344. If this level is exceeded, gold prices will target the $2,352 level, followed by the $2,400 mark. The latest important support and resistance levels for gold prices: Support level: $2310; $2292; Resistance: $2352; $2368; Gold prices are expected to fluctuate and rise today. Trading strategy: Go short after gold rebounds and go long after it falls. It is recommended to go short near $2345-2350 Or going long near $2320-2310 is also a good choice. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDLong
by Gold_Digger_King
XAUUSD: 26/4 Will Gold Continue to Fall?In early trading in Asia on Friday (April 26), gold fluctuated within a narrow range around the 2330 key point. The United States announced an unexpected slowdown in economic growth in the first quarter and higher-than-expected inflation. The US dollar was hit, and gold rose by more than $16. The United States After the GDP data was released, the price of gold soared to 2344. In addition, the geopolitical situation is also conducive to the rebound of gold prices. Israeli media reported that Israeli Prime Minister Benjamin Netanyahu approved a plan to launch a ground operation in the southern city of Rafah in the Gaza Strip. For gold, the price gains come after falling almost 3% over the past week as traders lowered their assessment of expanding tensions in the Middle East. Weak GDP data could also lead to a reassessment of the Fed's stance on keeping interest rates higher for the longer term. The GDP data also dampened hopes for a soft landing for the U.S. economy. A soft landing is a scenario in which the Fed is able to achieve price stability while avoiding a recession. Meanwhile, a strong personal consumption expenditures price index (PCE) rose 3.4%, which may mean a further delay in interest rate cuts. Currently, as tensions in the Middle East gradually ease, safe-haven demand for gold remains weak in the short term. Additionally, the current chart setup suggests that gold prices are on the back foot after this week’s steep decline. Looking ahead, investors will focus on core Personal Consumption Expenditures Price Index (PCE) data for March, which will guide the next move in gold prices. technical analysis Gold fluctuated in a wide range and continued to adjust. On the daily chart, the MA10/7 daily moving average suppresses 2342/2352 and keeps opening downward. The RSI indicator is still adjusted above the 50 value on the central axis, and the price is adjusted on the central axis of the Bollinger Bands. As for the time-sharing chart and the hourly chart technical indicators, the reference value is not great, short-term adjustment and washout, and the small cycle indicators are of little reference value. Today and Friday, gold still has no trending market or swing market, and continues to fluctuate in a wide range accompanied by long and short competition. Assuming that 2330 is used as the central axis, that is the high altitude of 15/20 US dollars above and the low long position of 15/20 US dollars below. 1H resistance is 2337, support below is 2316 4H resistance is 2348, support below is 2305 Daily resistance is 2356, support below is 2296 Asian trading strategy: BUY:2315-2318 SELL:2340-2343 Asian market strategies are not suitable for NY time Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold technical analysis and trading strategies Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is expected to grow at an annualized rate of 2.5% in the three months to March. Gold prices are trading between the 20-period moving average and below the 100-period moving average, with the former accelerating below the latter, often seen as a signal of increasing selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the relative strength index (RSI) is consolidating around 43. If gold prices break above $2,343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Expectations for gold prices today are mostly mixed. Trading idea: Go short after gold rebounds and go long after it falls. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDShort
by Gold_Digger_King