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The amount of selling pressure strongly affects the trend of golGOLD- 10:30 May 30, 2024 Dear traders! Gold skilled vast volatility the day before today because it slid sharply above the $2,347 guide degree and reached the $2,334 mark consistent with a conventional bearish flag structure. At the time of writing, the rate is aiming to check the $2,325 mark amid a correction and sell-off supported through a more impregnable US Dollar and better US bond yields. Diminishing expectancies of a Federal Reserve hobby price reduce in September have induced a few promoting strain at the valuable steel because it will growth the possibility price of gold. Accordingly, the resistance place at 2347 USD keeps to maintain the rate and is actively covered through dealers on a down wave basis. I assume a take a look at of horizontal guide and a rebound to retest the 34.89 EMA, the rate response to the liquidity sector might be consistent with our promoting strategy. It is predicted that the rate will attain as a minimum 2325 and 2307.
TVC:GOLDShort
by Chart_MasterPro
GOLD - Many factors will be surprisingGOLD PRICE ANALYSIS - May 29, 2024 SCALP--Sell ​​gold across the fee variety of 236x Yesterday the fee did now no longer attain the anticipated degree as a way to promote. During the day, the fluctuations had been pretty gentle. However, it could additionally be visible that the fee restoration has regularly exhausted itself, with the fashion of traders trying to promote extra and extra. Traders nowadays can prioritize locating Sell points. -- Gold costs fluctuated these days as buyers waited for americaA to launch inflation statistics withinside the following few days to are expecting while to reduce hobby rates. The data which can marvel the gold marketplace withinside the following few days is americaA center private intake fees index (PCE) - an critical inflation degree of americaA Federal Reserve (FED). Meanwhile, a few FED officers agree with that americaA financial system nonetheless has the cappotential to get better significantly. They need to peer extra nice inflation statistics earlier than reducing hobby rates. In reaction to the above data, the USD has reduced in rate as compared to many different robust currencies. Today`s global gold rate has situations to consolidate its upward momentum.
TVC:GOLD
by Chart_MasterPro
XAUUSD:28/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2370, support below is 2327 Four-hour resistance is 2370, support below is 2327 Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a suppressed and volatile operating rhythm until it reaches the 2400-point integer mark. Judging from the current trend, today's short-term pressure will focus on 2370. During the day, counterattacks will rely on this position to be bearish. The short-term support below will focus on around 2340. Today, the overall focus will be on selling high and buying low in the 2340-2370 area, and trade cautiously in the middle position. SELL:2370near SELL:2360near BUY: 2340near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
GOLD - gold price cannot cool down yetForecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently having a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE file is launched better than marketplace forecasts, this will deal every other blow to expectancies of Fed hobby price easing, inflicting gold expenses to fall even deeper. But analysts expect that traders are nevertheless having a bet on gold expenses to boom withinside the close to future. Forecasts say that with the aid of using the give up of the week, gold rate will boom to 2,375 USD/ounce./. ----------------------------
TVC:GOLD
by Chart_MasterPro
GOLD increases - geopolitical tensions and FED interest ratesAccording to analysts, the USD weakens best withinside the brief term. More importantly at the prevailing time, the gold marketplace is popping its eyes to the May US non-public intake expenditure index (PCE) record to be posted on June 1. Most professionals accept as true with that this index will boom greater than formerly forecast, making the time to reduce hobby quotes via way of means of the United States Federal Reserve (Fed) more and more more distant. Therefore, CEO Marc Chandler of Bannockburn Global the Forex market found out that valuable metals have become very unstable for owners, inflicting traders to more and more more depart and now not be interested by the gold marketplace. . In addition, the lower in gold call for from Chinese traders and the easing of the effect of geopolitical dangers after the helicopter crash that killed the Iranian President also are damaging factors. for valuable metals. Gold charge forecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently making a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE record is launched better than marketplace forecasts, this will deal some other blow to expectancies of Fed hobby price easing, inflicting gold costs to fall even deeper. But analysts expect that traders are nevertheless making a bet on gold costs to boom withinside the close to future. Forecasts say that via way of means of the cease of the week, gold charge will boom to 2,375 USD/ounce.
TVC:GOLD
by TheLeader_WOLF
XAUUSD: 22/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2450-2500, support below is 2411-2371 Four-hour resistance is 2435-2450, support below is 2411-00 Gold operation suggestions: Yesterday, the technical aspect of gold fell rapidly in the Asian market and pierced the 2406 mark, ushering in a stabilizing recovery. In the afternoon, the gold price stepped back down for the second time and stabilized at the 2408 mark, ushering in a bull shock recovery. NY time quickly surged above 2433 and fell back under pressure. After testing the effectiveness of the support around the 2406 mark, the overall price ushered in a rebound and repair market that bottomed out. However, the top still suppressed the operation in the 2435-2440 area. Judging from the current trend, the lower support focuses on yesterday's low of 2406-2408, the upper short-term pressure focuses on 2430-2435, and the focus is on the suppression of 2450. Let's first see that gold maintains a wide range of long and short fluctuations in this range. In the middle position, watch more and move less. , trade cautiously and wait patiently for key points to enter the market. BUY:2411 near SL:2406 BUY:2400 near SL:2397 BUY:2435 near SL:2430 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold prices fell for the third consecutive dayGold rate has reduced for the third consecutive day If calculated from the height region of 245x .In the global marketplace, valuable metals retreated to round 2,326 USD/ounce, down greater than forty USD in line with ounce as compared to the preceding session. According to analysts, global gold costs plummeted whilst the marketplace diminished expectancies for americaA Federal Reserve (FED) to reduce hobby fees. The USD index expanded sharply to 105.09 points. UOB Group specialists expect that the FED will begin reducing hobby fees subsequent September, and there can be handiest greater hobby charge cuts this year, in September and November 2024.
TVC:GOLDShort
by TheLeader_WOLF
Is gold price selling or buying? I think it's like this MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! TVC:GOLD Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370. Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term. At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again. In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358. Stay tuned for real-time trading signals from the top trading circles.
TVC:GOLDLong
by AA_Jack
Gold price trend analysis and plan on the 13th There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the impact of news. The current support of the trend is also located near here. I personally think that 2330-2335 is a suitable buying range. Pay attention to controlling risks during operation.
TVC:GOLDLong
by AA_Jack
GOLD continue to maintain growth in the short term#GOLD: Gold rate the day before today went as predicted while it examined the 2410 region after which extended again. Observing at the H4 body after you may see a bullish candlestick sample after the doj candle round 2416. The situation suggests that GOLD is predicted to preserve to growth withinside the brief time period so that you can recall shopping for up. with GOLD consultation today. Target is again as much as 2430-2440
TVC:GOLDLong
by TheLeader_WOLF
1
XAUUSD:21/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2450-2500, support below is 2411-2371 Four-hour resistance 2435-2450, support below 2411 Gold operation suggestions: Judging from the current market trend, the lower support continues to focus on yesterday's NY time low near 2411, and the upper pressure focuses on the short-term near 2435, focusing on the suppression of 2435. Relying on this range to maintain a wide range of shock operation, the short-term bulls' strong dividing line still focuses on the 2400 integer mark , before the daily level falls below this position, it still maintains the long advantage and continues to sell high and buy low. BUY:2435 near SL:2430 BUY:2411 near SL:2406 BUY:2400 near SL:2397 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
1
XAUUSD: 20/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2450-2500, support below is 2413-2371 Four-hour resistance is 2450, support below is 2413 Gold operation suggestions: The strong dividing line for short-term bulls has moved to the 2400 integer mark, and the daily level has stabilized above this position and continues to maintain the trend of low and long bullish rhythm. Judging from the daily gold trend, the lower support for gold is focused on 2413-2400-2370, and the upper focus is on 2445-2450 for suppression. The bull situation is still strong, and market risk aversion continues to heat up, so we can do long at low levels in operation, and the risk of trading with the trend is low. . BUY:2415 near SL:2411 BUY:2400 near SL:2397 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
GOLD - What is the current trend for gold ?World gold rate multiplied through 26 USD, placing a brand new file at 2,437 USD/ounce, at one factor accomplishing the very best degree of 2,439 USD/ounce. The purpose why gold fees multiplied past 2,four hundred USD/ounce become the declaration through US Federal Reserve Chairman Jerome Powell and monetary statistics confirming that hobby prices will now no longer boom anymore and the Fed might also additionally will quickly loosen financial coverage this year. Gold`s latest healing has additionally been pushed through robust call for from significant banks. According to latest reports, now no longer simplest China and Türkiye however additionally Middle Eastern nations are growing gold purchases. This week, the marketplace awaits critical statistics together with US present domestic sales, Open Market Committee (FOMC) mins from the April and May financial coverage meeting; S&P Flash production and offerings PMI; weekly unemployment claims; US new domestic sales; long lasting items orders.
TVC:GOLDLong
by TheLeader_WOLF
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!
OANDA:XAUUSDLong
by ActuaryJ
1
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!
OANDA:XAUUSDLong
by ActuaryJ
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...
TVC:GOLDLong
by TheLeader_WOLF
Taurus will continue to lead gold higher. tp2216 From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low. Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference. Buy gold at the price of 2206-2207 and hold it until it rises. sl2198 tp2166 Related Products TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
TVC:GOLDLong
by AA_Jack
2