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.
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Is gold price selling or buying? I think it's like this
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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.
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.
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
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!
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!
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.
Buy at the current gold price. Waiting for the rise MCX:GOLD1! COMEX:GC1! TVC:GOLD
2313-2315 buy gold. Combined with MA5 cross support. The MA support of the large cycle below. as an upward trend driver. Target 2321-2328
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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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Is it time to sell gold? I don't think so.
Gold price analysis:
Current short-term trend: Up.
News: Good news for gold
Technical Indicators: MA shows bullish trend
Short term pattern: triangle consolidation
Breakthrough direction: Up
Support: 2366-2262
Pressure: 2397-2404
In the short term, low buying is still the main trend!
The above gold prices are based on the real-time prices on TradingView.
Reference products: MCX:GOLD1! TVC:GOLD OANDA:XAUUSD COMEX:GC1!
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
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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
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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.
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!