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...
Goldpreis
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!
Gold prices are about to cause a sharp correction. Be prepared t
Gold prices are about to cause a sharp correction. Be prepared to sell high
Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull
There are several reasons:
First, to put it simply, it is the rising risk aversion sentiment in the market. War sentiment in the Gaza Strip has intensified due to geopolitics. Although there is an armistice agreement. But some people disagree. People pursue self-preservation. To combat inflation, choose to buy or hold gold. as a hedging tool. That is, the market demand for gold is growing. This is the dominant factor in the holidays
Second, in the case of currency devaluation. There are no more people in the market willing to hold currency. More money needs to be paid to buy goods. Emotionally unwilling to continue holding currency. Instead, he turned his attention to gold coins, which have been the currency since ancient times. Demand is rising again.
Third, the market environment. Bulls continue to show an offensive trend.
Combining the above three points is the subsequent impact of holiday news. Because the market is closed, it is not shown on the market. But once the market opens. These factors will be reflected on the chart through candlestick charts. So I'm not surprised. And I think now is a good time to sell gold.
The technical indicator MA indicates that the market is still in a strong upward trend. 1 hour chart or 4 hour chart. The bullish trend is diverging. But there is still a correction of at least $10-20. Look at the short-term 30-minute trend. Small support exists below the market at 2245. However, the market has entered an over-rising stage, and the technical correction position is at 2220. With prices currently hovering around 2260, I think this is a good time to sell.
I personally sell gold at the position of 2261, stop loss at 2270, and take profit at 2253. First, I will target the short-term pullback and take profit.
It’s not like you just make a deal and it’s no longer ongoing. Instead, it is about continuing to accumulate profits. Remember to control trading risks and do not sell all positions. Control the reasonable selling quantity through the balance to conduct reasonable transactions.
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.
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.
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.
GOLD - Confluence for a long ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement and then to reject from trendline + liquidity zone.
Fundamental news: Upcoming week on Wednesday (GMT+3) we will see results of monthly and yearly CPI on USD, news with high impact on currency.
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Gold prices receive a lot of economic and geopolitical pushscalp gold sell 235x
tp 233x
sl 236x
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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."
A very good time to buy gold right nowOn the worldwide marketplace, today`s gold rate reached 2,313 USD/ounce. Domestic gold is in a downward fashion as it "evaporates" five USD.
Converted in step with the change price with the exception of taxes and fees, every quantity of home gold bars is 15.five-16.five million VND better than the worldwide rate even as gold earrings are 4-4.five million VND better, relying at the time.
World gold reduced barely withinside the context that traders are focusing extra on the chance of hobby price cuts from americaA Federal Reserve (Fed). According to CME's FedWatch tool, marketplace investors trust there's approximately a 66% risk the Fed will reduce hobby prices in September.
Gold costs are compelled with the aid of using the outlook for hobby prices, however StoneX analyst Rhona O'Connell stated there are tailwinds for gold, specially associated with geopolitical dangers and capability tensions. Hidden withinside the banking device continues to be sturdy sufficient to aid this valuable metal.
Previously, in mid-April, global gold costs hit a document excessive of 2,431.29 USD/ounce whilst boosted with the aid of using sturdy call for from Chinese valuable banks and retail traders amid geopolitical tensions are increasing.
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
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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.
Gold price quickly returned to the 2333x areaIn a latest interview with Kitco, strategist George Milling-Stanley stated that, despite the fact that gold is in a consolidation phase, the valuable metallic will probable quit the 12 months at a high. Although the Fed`s economic coverage has created a few short-time period promoting pressure, Milling-Stanley expects hobby costs and bond yields to stay secondary elements using valuable metals charge action. Meanwhile, more potent assisting elements for gold are significant financial institution call for and ongoing geopolitical instability.
Looking on the technical chart, marketplace analyst Christopher Lewis of FX Empire additionally stated that the uptrend of gold continues to be there. Gold's present day barrier is 2,360 USD/ounce. If this threshold is broken, this valuable metallic will fast attain 2,four hundred USD/ounce.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I am a gold buyer. follow me!
Gold is bought at 2332-2336.
The short-term target is 2348-2355. If this position breaks through and stabilizes, move the target upward to 2365-2380 until above 2400.
The short-term lower support position is 2319. If it falls below. Look at the strong support of 2300.
Follow the trend. and boosted by news. Weak US dollar trend. Risk aversion is heating up, and all aspects of it are affecting it, making it the best time to buy gold. It’s good for buying gold.
For traders who don’t know how to operate, traders who continue to operate in the opposite direction, and traders whose accounts have suffered huge losses, remember to leave me a message to receive detailed trading signals.
If gold is bullish and not chasing the rise, what should we do w
The 30-minute moving average of gold has begun to turn, and the strength of the rise has begun to be insufficient. In the past two days, gold has no longer been unilaterally strong. It has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and no longer hit new highs. The rebound highs of gold have successively lowered. , if the rebound does not break a new high, we will continue to be short. Now the CPI fluctuates greatly, and the U.S. market rebounds around 2362 and continues to be short. If the bullish data directly hits a new high, then we will readjust the direction and continue to be bearish before it breaks a new high.
This is the charm of the market. Some people are always wandering in chasing the rise and killing the fall, while some people can always grasp the turning point. The market is current, and trading is also current, adapting to changes. Gold began to rebound and no longer hit new highs, its strength weakened, and the short-term began to turn bearish. The direction was wrong, and efforts were in vain. If the direction was right, you would get twice the result with half the effort. Don't make excuses for failure, just find ways to succeed. How can you see a rainbow without going through ups and downs? No one can succeed casually, they can only work harder and harder. Are you willing to walk with me, no matter the wind or rain, I am willing to hold up an umbrella for you to protect you from the wind and rain.
Operation idea:
Gold is short at 2362, stop loss is 2368, target is 2335-2330;
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