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Goldlongsetup

Gold trading recommendations today The gold adjustment is coming to an end, a new downtrend is about to start, the rebound relies on the pressure of 1950 to short, and the waterfall is about to appear! For the trend of gold, from the weekly level to the hourly chart, it has been analyzed countless times! Weekly triple top, historical top! The daily line fell all the way down. Although the current short-term sideways, the rebound is weak, and the pressure above 1970 has not been able to break through! Yesterday was another downtrend! There are more signs that gold will continue to fall, and 1930 is by no means the current bottom! Trading straregy: gold: sell@1950 tp1:1945 tp2:1935 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
6.20 Gold continues to range profit6.20 Today's gold market trend analysis: From a technical point of view, spot gold fell slightly on Monday, the daily line closed negative, but did not change the diurnal cycle of the state, the daily cycle or look at the 1980/1935 unchanged, because the temporary interval performance is larger, so it is not suitable to judge the day trading, then the cyclical to look at the H4 cycle changes. Through Monday's slight decline, the current H4 cycle broke through the Bolin track, temporarily a bit weak state, but the temporary Bolin closure is obvious, gold is unlikely to fall sharply, the day to oscillate slowly or rise again to form a continuous Yang, stand firm in the Bolin track, above you can see 1968/1970 highs, therefore, for Tuesday is the shock slow down or the shock slow up, It also needs to be observed that according to this trend, gold is more inclined to form a shock and slow rise state on Tuesday. The hour-line cycle temporarily formed a shock range in 1947/1954, the morning opening did not directly rise, then the Eurasian plate is weak performance, and there is room for slow fall, so the transaction needs to wait for a fall to the key point to do more, the support point below is near 1945/1946, Europe and the United States rose to determine, you can see 1968/1970 highs. As for whether you can short, you need to observe the change in the shape of the United States. 6.20 Gold Strategy: Rally to near 1955 short, stop loss 6 points, target 1945 The broken position can continue to hold if it stands 1960. Short orders are concerned about the above 1970-1968 suppression does not break the consideration of short Retracement to go long near 1945, stop 6 points, target 1955-1960
OANDA:XAUUSDLong
by K-linesound
1
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