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Goldlongsetup

The price of gold stands at 1962, and the market outlook is expeLooking at the daily line, if the price of gold can stand above 1962, the market outlook is expected to further touch 1985, which are the 23.6% Fibonacci retracement and 38.2% Fibonacci retracement of the 2082-1925 downward range. However, given that 1962 is in the recent intensive transaction area, it is more likely to fluctuate on this line. Gold rose to 1964 in the Asian session; the US dollar index rose to 102.186. The price of gold fell to 1924.73 yesterday, its lowest level since March 17. However, as the newly released U.S. economic data provided a new basis for the Federal Reserve to suspend interest rate hikes, the price of gold completely recovered the lost ground during the day and rose by more than 0.8% to close at 1957.81. Data released on Thursday showed that as of the week of June 10, the number of Americans filing for unemployment benefits totaled 262K. value. U.S. industrial production unexpectedly fell 0.2% in May, following a 0.5% rise in April. The market had expected a rise of 0.1%. "Gold is struggling because the Fed is still hawkish on inflation and interest rates," said Edward Meyer, metals analyst at Marex. Over the next two weeks, gold is likely to trade in the $1,931-$2,000 range, with strong resistance at the upper end, Meir added. The Fed's updated forecast this week pointed to the resilience of the U.S. economy and suggested that borrowing costs may need to rise another 50 basis points by the end of the year. Traders are currently pricing in a 72% chance of a 25 basis point hike in July. Meanwhile, the Bank of Japan maintained its ultra-loose monetary policy despite stronger-than-expected inflation as it focused on supporting a fragile economic recovery amid a sharp slowdown in global growth. Governor Kazuo Ueda delivered a speech after the meeting, noting that more time is needed to achieve the 2 percent inflation target.
TVC:GOLDLong
by ActuaryJ
Gold Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend. It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark. However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market. As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955. Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
TVC:GOLDShort
by DNA_TradingFX
13
Today's PPI - Bulls are extremely scaredThe recent decision by the Fed to pause on future rate hikes is good news for gold. However, there are concerns that the yellow metal could face increased pressure as this move may push risk appetite up. Some analysts have warned that the Fed may still raise rates later in the day due to US inflation being far above the central bank's 2% target. Despite slipping below the 2 EMAs of the uptrend, gold remains stuck between key breakout support and resistance levels of 1935 and 1980. The Fed's actions could have a significant impact on the US dollar's value and, in turn, affect gold's performance. Currently, gold is moving below the bearish band in all trading frames, and its decline may only stop if there is more positive news or if the price resistance at 1918 - $ 1900 is reached. Today's target for gold traders should be to keep an eye on the 1955 zone, as the downtrend may continue around this price level.
TVC:GOLDShort
by DNA_TradingFX
17
CPI forecast with mixed opinionsRecently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices. Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current monetary tightening cycle comes to a close. Gold is currently selling at $196.20, which is the 23.6% Fibonacci retracement level of its most recent daily drop. This indicates a potential downside risk and suggests that the lows of $1932.00 may be tested monthly in May. The daily chart reveals that gold is positioned below the bearish 34 and 89 EMAs, with its slope extending below the aforementioned Fibonacci level.
TVC:GOLDShort
by DNA_TradingFX
12
1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth. This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle. The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause. In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
TVC:GOLDShort
by DNA_TradingFX
11
Gold trading recommendations today Gold rose directly with marginal support yesterday Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend. Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode. Trading straregy: gold: sell@1961 tp1:1951 tp2:1946 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
1
GOLD is trying to get out of controlThe Federal Reserve has stopped raising interest rates, which means that assets like gold may have higher rates for a longer time. Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that. Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954. The RSI (14) supports this uptrend, but there is limited room for growth. The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations. The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
TVC:GOLDLong
by DNA_TradingFX
19
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month. This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer. As a result, non-yielding assets like gold may perform well in this scenario. dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold. Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area. However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
TVC:GOLDLong
by DNA_TradingFX
22
XAUUSD - It is better to choose the direction of BUYGold prices steadied in a tight range on Tuesday as optimism that the US central bank won't raise interest rates this month kept the dollar under pressure. The dollar index fell 0.1%, making gold a more favorable option for foreign investors. Yields on 10-year Treasuries also fell after weaker US services data on Monday. Lower interest rates tend to lift the price of gold because it lowers the opportunity cost of holding non-yielding assets. Gold is approaching the H4-frame EMA at 1968 and there will be a price reaction here. In the short term, I expect Gold to return around the 1950 price range to establish a buy order.
TVC:GOLDLong
by DNA_TradingFX
21
Gold long UpdateThis is an update on my trades on Gold. In the last update I warned about further downside as there was pump and dump executed on Gold on OANDA, and we got that and then we pumped to macro-VAH and then rejected strongly from there. Right now, we are back the entry of our long, I am looking to play this long again but waiting for some confirmation. The previous long was based on Monthly Support at 1940 area coinciding with a harmonic PRZ. As we are approaching the PRZ again without tapping the C point of the harmonic this retrace could play as type 2 return on the harmonic, what we need to monitor is the retrace 0.886 of the current pumps from 1935 to 1984. If they hold and we get some divs at these levels, we are good to go for a long. If interested in taking this long, I would preferably enter at either 786 or 886 and put SL below the current low, preferably below the Macro POC at 1926. Since Gold is very inversely correlated to DXY we need to monitor that as well. DXY is currently hitting Golden Pocket and reacting to Bearish BAT, but it's pumping back up, so it's possible DXY as well execute a type 2 on the harmonic and reject again from the PRZ of this harmonic which is good for gold longs. www.tradingview.com
OANDA:XAUUSDLong
by zakoraio
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down. As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year. Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range. However, if the price returns to the 1950-1945 zone first, I will set up a buy order here At the moment, all signals are in favor of gold's uptrend
TVC:GOLDLong
by DNA_TradingFX
18
Gold trading recommendations today The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious! The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately! From the perspective of the 4-hour level, gold fluctuates and fluctuates, and after each shock, it will break a new low! Mainly operate at high altitudes, relying on the suppression of the downward trend line, and the upper horizontal pressure of 1957 to dry up, continue to look at new lows! Trading straregy: Trading strategy for next week: gold: sell@1957 tp1:1950 tp2:1940 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
Gold Weekly TF Gold's recent decline has brought it back within the established trading range. To confirm that this is merely a temporary break and subsequent retest of the range, it would be necessary for gold to close above the level of 1960. It should be noted that while an increase in the US debt limit alone may not directly trigger a rise in the price of gold, certain accompanying factors such as concerns about the country's fiscal health, economic instability, or a loss of confidence in the US dollar can make gold a more appealing investment. In such situations, investors may allocate more funds into gold, driving up its demand and potentially increasing its price. However, it's important to recognize that the price of gold is influenced by a multitude of factors, including global economic conditions, geopolitical events, interest rates, inflation, and investor sentiment. Consequently, while the US debt limit can be a relevant factor to consider, it is not the sole determinant of gold's price. Other factors and market dynamics play significant roles in shaping the value of this precious metal.
TVC:GOLDLong
by ChartStrategist
Gold trading analysis The market is changing, and I must also change, the market resistance line 1984 The gold trend still has not broken through 1984, so it will continue to fluctuate, and if it does not break through, it is an opportunity to short 1984 has suppressed the price of gold, such a structure is that the rebound does not break through, the price of gold will continue to decline, before the breakthrough, continue to short is a good opportunity. Trading straregy: gold: sell@1980 tp1:1974 tp2:1970 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
1
Gold transaction analysis From the current point of view, gold was strongly supported on Friday, and there is a greater possibility of short-term volatility in gold. It is recommended to go short at a high level. Although gold has been able to hold on to 1950 at present, it has also successfully rebounded to near 1975. Through analysis of the multiple rises and falls last week, the current highest point has appeared, and gold should be short-selling in the short term. The upper part mainly focuses on the vicinity of 1980-1985, and the lower support point focuses on the vicinity of 1965. In a short period of time, the market may remain between 1960-1980, and the range of shocks will gradually shrink. Trading strategy: gold:sell@1980-1985 tp1975-1970 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
OANDA:XAUUSDShort
by UnknownUnicorn55305588
Analysis of short-term entry trading points for gold next week1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it falls below, pay further attention to the lower low point around 1958-1960! 2. As a whole, gold will look at the pullback strength after the opening of the market next week to determine at what point it will start to stabilize and go long. On Monday, it is expected that the short-term fluctuations in the overall market will not be too large, so let’s first look at the first support near 1968-1974 Can it start to stabilize and rebound, and the layout of this point is long, the lower stop loss will be placed directly at the 1865 low, and once the market continues to decline again at the 1965 mark, then our next key support needs to look at the 1952-1957 low. Whether it has stabilized and rebounded again, and for this long order, first of all, it depends on the situation at the top of 1980! If you stand firm, look further at the 1984 high point to suppress the breakthrough! 3. If gold directly rebounds strongly again, the first and most important high-level suppression is the vicinity of the 1998-2007 mark. Once the gold continues to rebound and hits this high point, the suppression does not break, it means that the strength of the bulls has begun to weaken again, so we are in the middle and long term The key points for re-arrangement of empty orders, and for this mid-to-long-term empty order target, we will temporarily look at the low line of 1958-1952 below, and continue to break through the line of 1952, indicating that the bears have begun to exert their strength again, and we will further see 1945-1948 below Important position! Investment is a long-term process, don't think about getting rich overnight. How can you invest without a good attitude and order planning? Friends who are interested in investing in gold and crude oil but have no way to start, or are already in contact but the transaction is not ideal, you can contact me
VELOCITY:GOLDShort
by Prometheusinfinance
Gold is about to reboundNews side: International gold closed down sharply on Thursday (May 18), with an opening price of $1980.18/oz, a highest price of $1985.78/oz, a lowest price of $1951.79/oz, and a closing price of $1955.85/oz. News side: The monthly rate of leading indicators of the U.S. Conference Board in April released on Thursday recorded -0.6%, in line with market expectations, and the previous value was -1.2%. The market expected 254,000, and the previous value was 264,000. According to the commentary, following the "falsely" inflated data in the previous weeks, the number of people filing for unemployment benefits in the United States hit the largest drop since 2021. Initial claims for state unemployment benefits fell by 22,000 to 242,000 in the week ended May 13, according to data released by the Labor Department on Thursday. Continuing claims fell slightly to 1.8 million in the week ended May 6. Some economists have been wary of drawing strong conclusions from the data amid reports that fraudulent filings are behind the recent trend in jobless claims. Massachusetts accounted for nearly half of the national increase in unadjusted applications for the week ended May 6, which state officials said was largely due to fraud. Fed official James Bullard said concerns about the impact of banking stress had been "overemphasized." He would keep an "open mind" about his next policy meeting in June, but signaled he was inclined to support another rate hike. Focus on today: 14:00 German April PPI monthly rate 20:30 Canadian retail sales monthly rate in March 20:45 Fed Williams delivers a speech 21:00 Federal Reserve Board Governor Bowman participated in the session 23:00 Federal Reserve Chairman Powell attends the discussion At 03:00 the next day, European Central Bank President Lagarde attends a group meeting Gold aspect: Gold continues to break new lows, and the daily support has been broken! There is only one result of such a trend, continue to break down! The support below is the previous support area of 1930-20! Short, the rebound in early trading relies on the pressure of 1970 to continue to short! The trend is down, the most important thing is to follow! Although the market moves slowly, but in the right direction, profits are within reach! In just three days, gold has fallen by $70! The trending market is the profitable market, you must seize it! Today's Asian-European gold is estimated to fluctuate and adjust first, and then continue to decline after a break! The recent market is concentrated in the U.S. market, so after the intraday rebound encounters resistance, find the right opportunity to go short and wait for the U.S. market to break out! specific strategy Gold 1970-1972 empty, stop loss 1978, take profit 1930.           The above suggestions are for reference only, investment is risky, and operations need to be cautious Detailed Free Signal View My Profile Signature
FOREXCOM:XAUUSDLong
by Prometheusinfinance
1
The Gold Standard: Fibonacci Predicts a Soaring $2400 and $2750Analyzing gold's price history on a logarithmic scale since 1979 through Fibonacci extensions reveals an interesting pattern. Based on Fibonacci clustering, suggests a promising upward trajectory. From gold's journey from $850 to $272, then soaring to $1900 before retracting to $1000, and recently rebounding back to $2000 , we've identified significant Fibonacci clusters. These clusters signal potential resistance levels, setting the stage for gold's next move. My prediction, grounded in these patterns, points towards gold rising towards the $2400 mark in the mid-term, and potentially even reaching $2750. 1. Inflation and Economic Uncertainty: Gold is often seen as a safe haven asset during times of economic instability and inflation. As central banks worldwide have been injecting massive amounts of liquidity into the market to mitigate the effects of the COVID-19 pandemic, fears of rising inflation have increased. This could lead to a surge in demand for gold as investors seek to hedge against inflation, thus driving up its price. 2. Low Interest Rates: Central banks around the world have been maintaining low interest rates to stimulate the economy. This makes other yield-bearing assets less attractive, pushing investors towards gold and potentially raising its price. 3. Geopolitical Risks: Escalating geopolitical tensions can also boost the demand for gold as a safe-haven asset. Should conflicts arise that threaten global stability, investors may flock to gold, increasing its price. 4. Weakness in the US Dollar: Gold is priced in US dollars, and a weaker dollar often makes gold cheaper for holders of other currencies, which can boost demand for gold and raise its price. 5. Potential Return to a Gold Standard: Speculation or movement towards reinstating a gold standard, where a country's currency value is directly linked to gold, could create significant demand for gold and therefore contribute to a rise in its price. This could be in response to concerns about fiscal responsibility, inflation, and economic stability. 6. Fibonacci Predictions: The Fibonacci retracement levels derived from historical price data suggest potential resistance and support levels for gold prices. These levels provide insight into the upward trajectory of gold prices, in this case, they suggest that the price could rise to $2400 and $2750.
OANDA:XAUUSDLong
by MichaelBsul
2
Gold continues to be empty Continuous short selling, continuous profit.After the direction came out, he dared to enter.This time the gold price is the same as my judgment. The gold price will fall to 1970, and all the orders will be killed before the rise will be ushered in. I judge that the ultimate goal of this wave of empty orders is to fall below 1970, because only in this way can all the bulls be turned over and the last line of defense of the bulls be broken. Trading straregy: gold: sell@1989 tp:1970 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia