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Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term. Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2302 - $2300 SL $2295 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2341 - $2343 SL $2348 TP1: $2335 TP2: $2328 TP3: $2320 ⭐️ 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
4
Gold Gains Momentum Around $2,319 in European SessionGold attracts buyers around the $2,319 mark during Monday’s European session, aligning with the 61.8% Fibonacci level. This confluence area presents a potential pullback zone, especially with the Relative Strength Index (RSI) indicating oversold conditions. US Bond Yields and Federal Reserve Speculation The decline in US bond yields further supports gold's bullish sentiment. Speculation is strong that the Federal Reserve (Fed) will implement two rate cuts this year. Expectations for these cuts have been bolstered by easing inflationary pressures in the United States. Consequently, the 10-year US Treasury yields have dropped to near 4.25% on Monday. Comprehensive Market Analysis Examining the Commitment of Traders (COT) report, technical analysis, and fundamental factors, we observe a strong case for a continued bullish trend in gold. The technical indicators, combined with favorable market fundamentals, suggest that gold's upward momentum is likely to persist. In conclusion, the convergence of these technical and fundamental factors points to a bullish continuation for gold, making it an attractive asset in the current market environment.
OANDA:XAUUSDLong
by FOREXN1
1
GOLD ( STABLE UNDER 2,337$ )XAUUSD HELLO TRADERS the price of gold yesterday , stable in 2,327$ to rise , today stable under 2,337 $ , should will the price corrective to 2,337 $, may be swing 2,343 before decline . Tendency of the price is under bearish pressure , the price of gold stable trading below turning level at 2,337$, will reach to support level 2,322 $ and 2,302 . for bullish of the price should be breaking a turning level at 2,337 $ , by open a 4h and 1h candle above 2,337$ , easily the price to reach a resistance level at 2,357, stable this level reach to another resistance at 2,372 $ . ---------------------- * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
OANDA:XAUUSDShort
by ArinaKarayi
XAUUSD: 20/6 Thursday’s Analysis and StrategyTechnical analysis of gold Daily resistance 2340-70, support below 2277 Four-hour resistance 2350, support below 2307-2277 Gold operation suggestions: The overall price of gold is fluctuating in a narrow range at a high level. In the short term, the overall trend of gold is still suppressed below 2340, because the daily level has not yet stabilized at 2340. Before that, the daily level is likely to continue to fluctuate between long and short positions. Today's lower support continues to focus on 2317-2315, and the upper pressure focuses on today's high point 2345. You can participate in the transaction by selling high and buying low in this range. SELL:2345near SL:2348 SELL:2328near SL:2331 BUY:2277near SL:2274 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
XAU/USD 25 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 24 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 24 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold rebounded after oversold After the news was released on Friday, gold fell sharply. In addition, a large number of buy orders were traded in the market. The lowest gold price reached 2318, and the Asian market rebounded. The operation is still mainly buying at low levels. See if the position of 2332 stabilizes above. If it stabilizes, you can continue to buy. OANDA:XAUUSD COMEX_MINI:MGC1! MCX:GOLD1! COMEX:GC1! NYMEX:CL1! NYMEX:WTI1! MCX:CRUDEOIL1! NYMEX:MCL1! TVC:DXY BYBIT:BTCUSDT.P INDEX:BTCUSD
TVC:GOLDLong
by NelsonPenn
Analysis of gold price trend on Monday 6/24Gold prices fell to hit 2317 in Asian trading on Monday. The dollar rose to its highest level in seven weeks, making gold more expensive for holders of other currencies, and U.S. Treasury yields also rose. Uncertainty about the timing of the Fed's rate cut. In the short term, the outlook for gold appears bearish due to uncertainty about the timing of the Fed's rate cut. The stronger dollar and rising U.S. Treasury yields put additional downward pressure on gold prices. Traders should remain cautious and pay close attention to upcoming economic data, as any signs of strong economic performance could delay rate cuts and further depress gold prices. Key U.S. economic reports this week include the second revision of gross domestic product (GDP), initial jobless claims, and core personal consumption expenditures. These reports, as well as speeches by multiple Fed speakers, could have a significant impact on gold prices. Traders should pay attention to signals on economic growth, inflation, and potential shifts in monetary policy. In the golden triangle range, the gold price fluctuated and adjusted in the short term. The weekly chart turned from green to red, and the price fell back below the MA10-day moving average. The short-term four-hour chart MA10/7-day moving average high 2346 dead cross opened downward, and the price fell to 2310 near the lower track of the Bollinger band. The RSI indicator broke through the middle axis 50 and turned downward. The strong bullish trend of gold ended on Friday. The first consideration for trading at the beginning of the week is the inertial rebound of the price after the oversold, and the short-selling pattern will be carried out after the rebound is blocked. Asian trading strategy: Short-term gold 2307-2309 long, stop loss 2298, target 2330-2340; Short-term gold 2335-2337 short, stop loss 2346, target 2320-2310; Note: The above strategy was updated on June 24. This strategy is an Asian market strategy, please identify the strategy release time
OANDA:XAUUSDShort
by GenevieveJulia
1
GOLD to form another higher low?XAUUSD - 24h expiry Our short term bias remains positive. Offers ample risk/reward to buy at the market. Price action continues to trade around significant highs. 50 1day EMA is at 2317.8. Trend line support is located at 2318. Setbacks should be limited to yesterday's low. The primary trend remains bullish. We look to Buy at 2319.0 (stop at 2303.0) Our profit targets will be 2359.0 and 2367.0 Resistance: 2327.3 / 2340.0 / 2355.0 Support: 2316.8 / 2306.5 / 2295.6 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
Gold price today (June 24): "Hold your breath" waiting for the sWorld gold charge today World gold costs have a tendency to boom with spot gold growing via way of means of 3.2 USD in comparison to final week`s ultimate degree to 2,323.2 USD/ounce. After a unstable week, the sector gold marketplace is predicted to stabilize this week with few essential statistics launched withinside the center of the week. The maximum awaited records via way of means of the marketplace is the center private intake expenditure index document (americaA Federal Reserve's (Fed) favored inflation measure) predicted to be posted on the quit of the week. Some reviews say that this document is predicted to create fluctuations withinside the marketplace. Weaker statistics ought to boom the chance that the Fed will reduce hobby charges in 2024, and that situation might aid the yellow metal. On the contrary, inflation "hotter" than predicted will motive gold to fall deeper. Although the upward momentum has slowed, many analysts agree with that the elements which have supported gold these days have now no longer disappeared. Accordingly, worries associated with geopolitical instability remain, mainly beforehand of americaA election in November. Additionally, the USD's role as the sector's reserve forex is still challenged. focus and the danger of worldwide inflation remains. According to the World Gold Council's latest annual Central Bank Gold Reserves Survey, the ones are the pinnacle motives why each retail traders and important banks flip to gold.
TVC:GOLDShort
by Chart_MasterPro
FAKE BREAK! Gold price maintains the DOWN price range below 2365✍️ NOVA hello everyone, Let's comment on gold price next week from 6/24 - 6/28/24 🔥 World situation: Gold prices fell over 1.70% on Friday due to positive economic data from the US, which reduced expectations of interest rate cuts by the Federal Reserve. The XAU/USD trades at $2,317, below its opening price after reaching a daily high of $2,368. The US economy showed mixed signals, with June's PMI readings surpassing estimates but the housing sector declining as Existing Home Sales for May fell compared to April's data. 🔥 Identify: Gold price had a FAKE BREAK to the 2365 zone then strong selling pressure on Friday, returning to the sideway price zone. Will continue to accumulate until the end of June 2024, maintaining below the 2365 area 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2338, $2365, $2385 Support : $2306, $2270 🔥 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
4
Gold analysis week 27The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term. China is the main driving force behind the increase in gold prices over the past year, and China's gold purchases have only been assessed as temporary and there has not been any move to show that they have "stopped". could also be a move to avoid paying a record high purchase price. The market will get some preliminary and regional manufacturing data as well as some US housing data next week. Gold has recovered from the support level of 2,305 - 2,300 USD but in general the recovery momentum is still limited and the downtrend has not been broken yet. The recovery momentum of gold price is limited by the confluence area of ​​technical point 2,340 in the trendline area which is also the nearest peak, followed by resistance level 2355 where gold breaks the bullish structure, As long as gold remains below the 34 EMA and 89 EMA, the technical outlook for gold prices remains bearish, while if gold breaks below $2,324 it will have room for more downside with the following target level. That's around $2,305 - $2,300 in the short term. A new bearish cycle is expected to open once gold breaks below the original price of $2,300, and the target level is then 2286 and then 2270. Support: 2,324 – 2,305 – 2,300 - 2286 Resistance: 2,340 – 2,355
OANDA:XAUUSD
by TVS-Trader
1
Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April. While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time. -MW
FOREXCOM:XAUUSD
by FOREXcom
GOLD Finds Support at Key Fibonacci Level, Eyeing Further GainsGold gains traction and trades around $2,321 in the latter half of Thursday, buoyed by a drop in the benchmark 10-year US Treasury bond yield, which fell more than 1% on the day to below 4.3% following disappointing US economic data. This decline in bond yields provides support for XAU/USD. The price action in gold demonstrated a strong rejection from a minor structural level, specifically at the 61.88% Fibonacci retracement level. This rejection was accompanied by a divergence on the H4 timeframe, indicating potential upward momentum as it moved into a demand area or support zone. Our analysis remains consistent with our previous outlook, maintaining a bullish bias and looking for a long setup. From a technical standpoint, this divergence on the H4 timeframe suggests a potential reversal, aligning with our strategy to capitalize on the expected upward movement. The demand area around the 61.88% Fibonacci retracement level has proven to be a significant support zone, reinforcing our confidence in a bullish setup. Moreover, the broader macroeconomic environment supports this bullish perspective on gold. The recent disappointing US economic data has dampened expectations for aggressive monetary tightening by the Federal Reserve. As a result, lower yields tend to make non-yielding assets like gold more attractive to investors. This dynamic is likely to persist in the near term, providing a favorable backdrop for gold prices. Given these technical and fundamental factors, we are poised to take advantage of the anticipated upward movement in gold. Our strategy involves setting up long positions at current levels, targeting further gains as market conditions continue to evolve. This approach is reinforced by the technical signals observed on the H4 timeframe and the supportive macroeconomic backdrop. In summary, gold's current price action, supported by a decline in US Treasury yields and strong technical indicators, presents a compelling case for a bullish setup. As we monitor the market for further developments, our focus remains on capitalizing on this anticipated upward trajectory, maintaining our long positions and adjusting our strategy as needed based on evolving market conditions.
OANDA:XAUUSDLong
by FOREXN1
3
XAU/USD 20 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price targeted the weak internal high and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at M15 POI or discount of 50% EQ before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Sell PositionSomeone asked how I took this position. Let me explain the different reasons: 1. Two Bullish Legs: During the Asia session, XAUUSD formed two bullish legs. This suggested a pullback to the previous pivot level, even if it continues to rise in the London and NY sessions. 2. Bearish Flag Pattern: The trading range resembled a bearish flag, indicating a likely reaction and decline from this resistance zone. 3. Weakening Momentum: In the 5m chart, the three pushes up at the end of the second leg showed signs of weakening momentum, pointing to increased selling pressure. This signaled a high probability of a pullback. These observations combined led me to anticipate a decline, making this position a strategic move based on technical analysis.
FX:XAUUSD
by Sober_Trading
4
XAUUSD:19/6 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: Yesterday, gold technically fell first and then rose, ushering in a strong bull bottoming out and rebounding deep V rebound. The price of the Asian and European sessions was under pressure and fell back to the 2325 mark, and then weakened and further pierced the 2310 mark to reach 2306 and stabilized and rebounded. The price rushed up first in the late trading, and was blocked at the hourly starting point of 2324, and then quickly fell back and fell. Then, it repeatedly oscillated around the 2315-2318 area and formed a strong bottoming out and rebounded to break the high. The daily level continued the long and short yin and yang oscillation cycle rhythm. Judging from the current gold trend, today's support is around 2318-15. If it returns to this position during the day, you can try to go long. The upper pressure is around 2335-2340. Rely on this range to maintain a high-sell and low-buy cycle during the day. SELL:2334 near SL:2342 BUY:2277 near SL:2270 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ