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GOLD (XAUUSD) Intraday Short Trade IdeaGold is in the local descending channel and we are trying to find the sell position entries. We observe breaker block on the graph which cannot be broken previous days, only false breakouts happened. Thus, this zone occasionally is the intense rejection zone for us. Also, Powel in yesterday's meeting did not talk negative about the inflation rate, which keeps the strength of USD index and respectively affect the GOLD negatively TP and SL zones are shown on graph. Trade on your own risk and responsibly.
VELOCITY:GOLDShort
by TetanForex
4
Slight fluctuations after price reductionGold prices increased slightly in early trading Tuesday morning in Asia. Rising interest rates dampen expectations and cash flows into safe havens could limit the precious metal's decline. The pause in gold purchases by the People's Bank of China (PBoC) is likely to put pressure on XAU/USD in the near term. From a technical point of view, XAU/USD is under pressure, but not bearish. In the small h2 time frame chart, the pair continues to be supported by two EMAs. This could be a temporary recovery in a prolonged uptrend in the near term. After recovering from EMA 89 around 2351, gold has shown positive signs at the beginning of the Asian trading session. Pay attention to important support and resistance zones to have the best trading strategy. Support level: 2350-2358 Resistance level: 2371-2380
OANDA:XAUUSD
by TVS-Trader
Gold analysis week 28Disappointing economic data, including a slowdown in the US labor market, have increased market expectations that the Federal Reserve will cut interest rates in September. Expectations are growing. The start of a new easing cycle has pushed the US Dollar index to a 3-week low and bond yields to a 4-week high, creating favorable conditions for gold prices to trade at their highest level in 2019. 4 weeks. The US economic calendar will not release any data with a significant impact in the first half of next week. However, investors will be watching closely as Chairman Powell will conduct two days of testimony before the Senate Finance Committee on Tuesday and the House Finance Committee on Wednesday. Gold prices decisively broke the head-and-shoulders neckline, pushing the spot price close to $2,390, suggesting buyers are in control and prices will move even higher. The momentum has shifted in favor of the buyers as depicted by the bullish Relative Strength Index (RSI). A daily close above the June 21 high of $2,368 could open the door to a trading range higher in the $2,370-2,400 region, with buyers targeting higher levels . If the price breaks above $2,400, it will hit a yearly high of $2,450 before hitting $2,500. On the other hand, if sellers push the spot price below $2,350, the price could continue to fall towards $2,300. If this support fails, the next demand zone will be the May 3 low of $2,277, followed by the March 21 high of $2,222.
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis week 28☘️The EUR/USD exchange rate fluctuated strongly after the US Nonfarm Payrolls (NFP) report was released mixed on Friday. The price is trading around 1,083 near the three-week peak. ☘️European industrial output fell more sharply than expected. EU-wide retail sales beat forecasts, coming in at 0.3% year-on-year versus an expected 0.1%, but still down from 0.6% previously. ☘️Yarn traders will pay attention to the appearance of Federal Reserve (Fed) Chairman Jerome Powell on Tuesday, followed by final inflation figures from both the EU and US on Thursday. Next Friday will close out next week with German Retail Sales, as well as US Producer Price Index (PPI) inflation and the University of Michigan's Consumer Sentiment Index survey results. ☘️GBPUSD has approached the 1.085 peak area, continuing to bring EURO back to being the world's leading currency. Momentum has shifted in favor of buyers as depicted by the Relative Strength Index (RSI) price increase. The nearest resistance level at 1,085 should prevent a surprise rally after the US data. If the price breaks through that level, the price will reach a recent two-month high around 1,090. On the other hand, if the sellers push the price down, the pair has many important support levels to maintain the stability of the uptrend first around the disputed 1,079 EMA support zone. If this support fails, the next demand zone will be the Break out of the sideway trend at 1.075. Support: 1,085-1,089 Resistance: 1.079-1.075 Trading signals SELL EURUSD zone 1.089-1.091 SL 1.093 BUY EURUSD zone 1.075-1.073 SL 1.071
by TVS-Trader
2
What's next for GOLD?Hindsight specialists know only 1 thing.... reactive trading aka impulse trading, lying about performance and pretending they "knew it all along". Its all very strange to me, all I do is predict future price and capture pips... 0 hindsight. None of this: "honestly, if it stays here and doesn't keep falling, it's a long defense and my bias will change." "if it starts going up then its bullish but if it goes down its bearish." If & but = lack of responsibility and accountability.
OANDA:XAUUSD
by Mora_Institute
4
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset. ⭐️ Personal comments NOVA: Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2341 - $2343 SL $2336 TP1: $2350 TP2: $2365 TP3: $2380 🔥SELL GOLD zone: $2370 - $2372 SL $2377 TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
Gold pullback - trading entry for todayGold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of 2,four hundred USD/ounce and probable better. The deceleration and consolidation in advance of this degree indicates bullish hobby in in addition growth. According to this view, the chance of gold charges will upward push better withinside the close to destiny primarily based totally on marketplace expectancies that americaA Federal Reserve (Fed) will reduce hobby prices. CME`s Fedwatch device indicates hobby prices will fall in September and will fall in addition in November and December, which might gain gold. This week, marketplace interest is targeted on Fed Chairman Jerome Powell's congressional testimony, feedback from numerous Fed officers and US inflation data. According to senior analyst Matt Simpson City Index, a vulnerable inflation record coupled with Mr. Powell's dovish tone can be the correct catalyst for gold to attain new highs. Short-time period stages to consider: Resistance stages: 2400, 2422 Critical assist degree: 2350 In summary, gold's short-time period outlook is positive, primarily based totally on strong technical elements along with a long-time period uptrend, supported with the aid of using EMA and a growing fee channel. If gold charges keep above the $2,350/ounce assist degree, there may be a excessive opportunity that the fee will hold to upward push and head in the direction of the $2,four hundred/ounce resistance degree or better. However, buyers have to observe that the gold marketplace continues to be substantially stimulated with the aid of using macroeconomic elements and geopolitical occasions that would opposite modern-day moves.
TVC:GOLDLong
by Chart_MasterPro
XAU/USD 09 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a further bearish iBOS Technically we are currently trading within an internal high and fractal low with the bullish CHOCH positioned close to the internal high, however, as price has reached premium of 50% EQ I am happy to label the fractal low as an internal low as bullish CHoCH is positioned close the the internal high. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD continues its downtrend waiting for information from the 💵💵💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose above $2,360 per ounce on Tuesday, recouping some losses from the previous session as investors turn their attention to Fed Chair Powell's semi-annual testimony before Congress. Last week's figures showed a softening labor market in the US, with the unemployment rate reaching a two-and-a-half-year high and wage growth falling to a three-year low, indicating impending early interest rate cuts by the US central bank. Currently, markets are pricing in a 77% probability of the Fed reducing interest rates in September, with another cut expected in December. Powell's testimony before the Senate today and the House on Wednesday will offer investors clearer signals on the future direction of the Fed's interest rate path. Investors also anticipate key upcoming inflation figures set to be released on Thursday. Elsewhere, traders are monitoring geopolitical developments in the Middle East amid prospects of a ceasefire deal between Israel and Hamas.. 🔴SELL GOLD: 2370 - 2372, SL: 2376 🟢BUY GOLD: 2343 - 2341, SL: 2337 ⛔️Breakout: top border 2370 -2378 - below 2350 - 2342 🔼Support: 2351 -2342 - 2335 🔽Resistance: 2370 -2378 - 2385 - 2395 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold price edges lower as PBoC keeps Gold buying on hold☘️Fundamental analysis Gold prices attracted some selling during early European trading on Monday. Gold lost momentum as the People's Bank of China (PBoC), China's central bank, kept its gold purchases unchanged for the second month of June, according to official data released on Sunday. It should be noted that China is the world's largest consumer of gold bars, and a pause in gold purchases could affect gold prices. On the other hand, growing speculation that the US Federal Reserve (Fed) will cut interest rates in the third quarter could push up unprofitable gold prices. Furthermore, political instability in France after voter opinion polls showed the final round of voting in the French parliamentary election pointed to a hung parliament, which could spur Safe haven assets like Gold. Traders will pay closer attention to Fed Chairman Jerome Powell, who will testify on Tuesday ahead of June US Consumer Price Index (CPI) inflation data on Thursday. ☘️Technical analysis Gold price decreased slightly during the day. Technically, the yellow metal maintains a bullish bias on the daily chart as it holds above the 34 EMA and 89 EMA. The precious metal maintains a breakout above the formed descending trend channel formed on May 10. RSI reacts at the 50 zone, signaling that gold will still maintain its upward momentum today. The first upside barrier for XAU/USD will appear at the psychological $2,400 level after overcoming Friday's peak around 2392. On the downside, support for the yellow metal lies at $2,370, a break out of a key multi-day high. Support: 2378 -2370 - 2364 - 2360 Resistance: 2385 -2393 - 2400 SELL price range 2398 - 2400 Stoploss 2403 BUY price range 2370 - 2368 Stoploss 2365
OANDA:XAUUSD
by TVS-Trader
XAUUSD: Possible Early Price Mitigation! Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like our ideas then please like, comment and follow us which will encourage us to bring more educational ideas** Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
6
XAUUSD: As explained in our previous ideas! Time to Buy! Dear Traders, As we had explained in our previous chart analysis on Gold, price did exactly the way we expected. Now we can take swing buy entry, however, would advise you to wait until London session open on Monday. Enter with accurate risk management. **Good Luck and if you like our ideas then please do like and comment the ideas; also follow us which will encourage us to bring more educational ideas like this.**
OANDA:XAUUSDLong
by Setupsfx_
37
Nice Entry Point In SilverSilver spot price remains in an uptrend, and has broken out of a bull flag pattern. Bullish crossover on MACD coincides with breakout from the bull flag. Fundamentals support the case for higher silver spot price in the long term: stubbornly high inflation, large fiscal deficits, weakness in regional banks and commercial real estate (Fed will need to ease to avert financial crisis), as well as 4 years straight of deficits in physical metal. This post does not constitute financial advice. COMEX:SI1!
COMEX:SI1!Long
by smartsilverstacker
GOLD to find buyers at 61.8% pullback?Gold - 24h expiry Buying continued from the 61.8% pullback level of 2372.6. Yesterday's Marabuzo is located at 2374. Preferred trade is to buy on dips. Dip buying offers good risk/reward. Price action continues to trade around significant highs. We look to Buy at 2373.5 (stop at 2361.5) Our profit targets will be 2403.5 and 2410.5 Resistance: 2392.9 / 2398.5 / 2415.0 Support: 2380.8 / 2370.0 / 2355.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
NF - important data ! $2390 entries expected⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The ongoing risk-on climate, represented by global equity market increases, could limit any extreme XAU/USD rally. Traders may hold off on strong bets until the US monthly employment data release. The Nonfarm Payrolls report will shape expectations of future Fed policies, impacting USD demand and giving new momentum to the precious metal, which is set to record gains for a second consecutive week. ⭐️ Personal comments NOVA: Gold price has positive optimism in early July. NF opportunities for prices to continue to rise, expected price range $2390 - $2400 ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2390 - $2392 SL $2400 TP1: $2380 TP2: $2365 TP3: $2350 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2