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GOLD - rebounded strongly despite USD newsWorld gold charge today World gold fees multiplied sharply with spot gold growing through 29.three USD to 2,355.6 USD/ounce. Gold futures ultimate traded at 2,375.2 USD/ounce, up 27.eight USD in comparison to the day prior to this morning. World gold fees edged better midweek, supported through a weakening USD and falling Treasury yields after the modern day records confirmed the hard work marketplace cooling. According to ADP`s report, personal organizations created a further 152,000 jobs in May, a whole lot decrease than the range recorded ultimate month and the forecast of experts. This is the bottom month-to-month discern seeing that January. RJO Futures senior marketplace strategist Bob Haberkorn stated vulnerable hard work numbers act as a catalyst that might reason americaA Federal Reserve (Fed) to reduce hobby quotes earlier than the give up of the year. This has multiplied the attraction of gold. Lower hobby quotes lessen the possibility price of preserving gold. According to the CME FedWatch tool, investors now see approximately a 67% danger the Fed will ease financial coverage in September, up from much less than 50% ultimate week. Analysts say that critical upcoming US monetary reports, together with records at the fitness of the carrier quarter and non-farm payrolls reports, are probably to steer the route of gold fees. in quick term. According to marketplace analyst Tim Waterer of KCM Trade, employment records launched this weekend indicates that a robust hard work marketplace might also additionally motive traders to wager once more at the timing of loosening economic coverage. foreign money withinside the morning of November. On the contrary, if records maintains to illustrate weak spot withinside the hard work marketplace, an hobby price reduce in September is possible. In addition to economic coverage expectations, professionals say that gold is being supported with the aid of using robust call for from primary banks. Recently, the World Gold Council stated internet purchases with the aid of using worldwide primary banks extended to 33 lots in April, signaling persisted robust call for from the arena in spite of excessive costs for the metal.
TVC:GOLDLong
by TheLeader_WOLF
ADP - NF has a negative impact on Gold?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) came under renewed selling pressure on Tuesday and dropped to the $2,316-2,315 area, back closer to a multi-week low touched the previous day in the wake of a modest US Dollar (USD) strength. The attempted USD recovery from over a two-month low, however, lacked follow-through on the back of growing acceptance that the Federal Reserve (Fed) will start cutting interest rates later this year, bolstered by softer US macro data. The expectations keep the US Treasury bond yields depressed, which, in turn, is seen benefitting the non-yielding yellow metal during the Asian session on Wednesday. ⭐️ Personal comments NOVA: Gold price continues to dispute the price range 2320-2340, still moving within the 2 H1 trend lines. Wait for BREAK points for upcoming trends ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2312 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 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
3
Gold price movements tend to decreaseGold edged lower to $2,330 per ounce on Wednesday, as the US dollar stabilized ahead of May’s US jobs report expected later this week. The US nonfarm payrolls will be closely watched as investors seek cues on the potential timing of the Fed rate cut 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Breakout & retest: 📉Breaking and closing on 2338 - 2354 - 2360 📈 Break and close below: 2322 - 2315 - 2306 -2300 🔼Support: 2322 - 2315 - 2305 🔽Resistance: 2338 - 2348 - 2354 - 2360 - 2374 GOOD LUCK EVERYONE👍 Today's news will affect prices
TVC:GOLDShort
by BluePips_only
XAUUSD: Analysis and Strategy for Tuesday 4/6Technical analysis of gold Daily resistance 2370, support below 2327-2300 Four-hour resistance 2370, support below 2327-2300 ✅Gold operation suggestions: Yesterday, the technical aspect of gold fell first and then rose to usher in a deep V rebound. The price of Asian and European sessions was under pressure from the 2330 mark and fell back and bottomed out. Then the European session pierced the 2315 line downward and stabilized and rebounded. Finally, with the help of the PMI news release, the gold price rebounded and broke through the 2350 line in the US session, and the overall price broke through the 2315 mark during the day and ushered in a bottoming rebound. The daily level continued the sideways fluctuation rhythm. From the current trend, today's lower support focuses on 2330-2327. Today's retracement can rely on this position to see a rebound and rebound. The upper pressure focuses on the 2350-55 area, focusing on the 2370 line suppression. Overall, rely on this range to sell high and buy low. SELL:2370 near SL:2373 SELL:2360 near SL:2364 BUY:2330 near SL:2327 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold prices turned on a downward trendGOLD SELL 2340 - TP 2300 - SL 2352 Gold rate nowadays is buying and selling at 2,327 USD/ounce, a pointy lower of 23 USD in comparison to the rate on the equal time the day before today which changed into 2,350 USD/ounce. The gold marketplace fluctuates withinside the context that the Organization of Petroleum Exporting Countries (OPEC) has simply agreed to increase manufacturing cuts. The above facts makes traders fear approximately slowing international monetary growth. This induced them to promote off crude oil. As a result, oil fees dropped to seventy three USD/barrel - the bottom rate withinside the beyond four months. Analysts say that if oil fees maintain to decline, different items could have problem growing in rate, inclusive of gold. Another improvement is that US shares rose ultimate night, stimulating many human beings to place capital into shares. So cash flowing into metals is limited. Today`s global gold rate clearly decreased.
TVC:GOLD
by Chart_MasterPro
GOLD - continuous signs of deep declineGold rate forecast It may be visible that withinside the medium and lengthy term, the USD is beneathneath stress to lower in rate following the loosening of US economic policy. Gold rate will thereby be supported. However, it's far possibly that it's going to take till September or November for americaA to reduce hobby fees. Many different primary banks which include Europe`s ECB or Britain's BOE might also additionally reduce hobby fees sooner. This additionally manner that, withinside the brief term, the USD might also additionally nonetheless boom. When the USD actions up, it will likely be tough for valuable steel merchandise to boom in rate, or maybe lower because of a extended boom from the stop of 2023 till now. If payroll statistics exceeds 200,000, gold charges should slide in addition or even smash the $2,320 aid level, stated Kelvin Wong, Asia-Pacific senior marketplace analyst at OANDA. . In the medium and lengthy term, the USD is beneathneath stress to lower in rate following the loosening of US economic policy. Gold rate will thereby be supported. However, it's far possibly that it's going to take till September or November for americaA to reduce hobby fees. Many different primary banks which include Europe's ECB or Britain's BOE might also additionally reduce hobby fees sooner. This additionally manner that, withinside the brief term, the USD might also additionally nonetheless boom. When the USD actions up, so does the commodity
TVC:GOLD
by TheLeader_WOLF
GOLD in Double Top PatternHello traders! Today, I have an idea for Gold, which has formed a pretty clear double top pattern. Here's some info on how to trade this pattern: 1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low. 2) Place the stop loss around $2330, according to the continuation of the movement. The TP area is in the green box. 3) Use leverage of 5-10x. Risk not more than 5% of your deposit. IMPORTANT! Always follow your RM strategy! What are your thoughts on this double top, guys?
CAPITALCOM:GOLDShort
by SheTradesHub
XAUUSD TODAY: Gold price keeps risingGold prices hovered around $2,340 per ounce on Tuesday, after logging gains in the previous session underpinned by growing expectations of eased monetary policies by major central banks. On Monday, data showed that US manufacturing activity slowed for a second consecutive month in May, while construction spending unexpectedly fell in April due to declines in non-residential activity. This further increased speculations that the Fed has room to cut rates this year. Traders are currently pricing a 60% probability of rate cut in September SELL GOLD: 2374 - 2376 , SL: 2380 BUY GOLD: 2327 - 2325, SL: 2321 Good luck investors
OANDA:XAUUSDShort
by Scalper_Ananda
Short gold, target 2330 From the 45-minute chart, we can see that the gold price is currently in a long-short selection and wash-out stage. The opening price of 2350 has fallen below. In the European session, we can directly look at short positions below 2350. If the price drops to around 2330, we can look at the reverse strategy intervention. In the US session, we can look at the gains and losses around 2330 and stabilize to recover the intraday decline. Trading strategies can be referenced: short below 2350, with a target near 2330.
OANDA:XAUUSDShort
by Signalking
XAU/USD 04 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bullish CHoCH which indicates, but not confirms pullback following bearish iBOS. Price is now trading within an internal range. Bullish pullback was assisted by reaction from H4 and Daily nested demand zones. Yesterday intraday expectation was for price to pullback and print bullish CHoCH which was denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. Price did exactly as expected. Intraday expectation: Price to target fractal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price had printed a double bullish iBOS before printing a bearish iBOS. Intraday expectation: Price to pullback to either premium of 50% EQ or M15 supply zones before targeting weak internal low which is denoted with a blue dashed line. An alternative scenario would be for price to continue bearish, react at M15 POI before pullback initiation . This would bring the CHoCH closer to current price allowing a more realistic indication of pullback initiation. The CHoCH is currently positioned at the same level as the M15 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD - turns up stronglyGold charge forecast World gold charges multiplied sharply withinside the context of the USD index falling. Recorded at 6:00 a.m. on June 4, the United States Dollar Index measuring the fluctuation of the dollar with 6 principal currencies turned into at 104,575 points (down 0.46%). Last weekend, the United States Department of Commerce introduced facts displaying that the private intake expenditures (PCE) charge index multiplied through 0.3% in May 2024, identical to the unadjusted growth in March. At the start of today`s buying and selling session, the gold marketplace soared, maintaining the promoting growth round the edge of 2,350 USD/ounce, because the US production zone misplaced momentum. Gold's robust upward thrust turned into because of the Institute for Supply Management (ISM) pronouncing on Monday that its production index fell to 48.7% in May, as compared to 49.2% in April. Data The facts is weaker than anticipated as consensus forecasts name for a moderate development to 49.8. The gold marketplace awaits the choice of the United States Federal Reserve (FED). Price cuts through principal US stores and new facts displaying slowing customer spending may want to raise the Fed's self assurance that inflation is falling. Traders presently see a 54% danger of the FED reducing hobby charges in September 2024. Gold is taken into consideration an inflation hedge, however growing hobby charges growth the possibility fee of keeping non-yielding belongings like gold.
TVC:GOLD
by Chart_MasterPro
World gold prices revived and increased slightly At the start of the buying and selling consultation on June 3 (US time), global gold costs revived and multiplied barely withinside the context that buyers nonetheless count on that US inflation is at the decline, with a purpose to encourage the United States Federal Reserve ( Fed) will quickly reduce hobby rates. In addition, gold costs also are being supported via way of means of a mild lower withinside the USD. At the identical time, Nymex crude oil costs are almost solid and buying and selling round 76.seventy five USD/barrel. As expected via way of means of analysts, gold costs have recovered after plummeting ultimate week. Sean Lusk, co-head of business hedging at Walsh Trading, stated that gold nonetheless continues its upward momentum so it'll quickly growth in rate again. Sharing the identical opinion as Sean Lusk, Adrian Day - Chairman of Adrian Day Asset Management - stated that withinside the context of US inflation being at the decline, there may be no motive for gold costs to lower whilst the Fed will base on that to quickly boost costs. set a particular cut-off date for hobby charge cuts. In an evaluation on CBS News, specialists stated that the pointy drop in gold costs is handiest temporary, however the long-time period fashion continues to be at the rise. Experts suggest that buyers ought to speedy purchase gold in the course of low costs. Gold rate forecast Kitco senior analyst Jim Wyckoff stated that gold costs will get better withinside the following couple of sessions. In Kitco News` weekly gold survey, with the participation of Wall Street specialists and retail traders, the bulk of specialists and buyers nonetheless count on an upward fashion withinside the rate of the treasured metal. Many analysts are expecting that, in advance of the Fed's financial coverage assembly on June 11-12, many buyers will growth buying, inflicting gold costs to growth sharply earlier than the assembly.
TVC:GOLD
by TheLeader_WOLF
Gold ShortIs till believe that OANDA:XAUUSD doesn't have enough momentum to beat previous highs of 2400 to 2450. Bullish momentum dies off after the sellers stepped In and tried to take control of the narrative three weeks ago from 2450. Yesterday the price rose to 2350 and was unable to stay above a mini-resistance 2360 and now I still think TVC:GOLD In OANDA:XAUUSD has to drop to 2300 or 2250s to find enough gas to go past 2400s and 2450. On a short term Gold is bearish. on a long term gold is bullish ******************************************************************************************************8 Always trade with a hard stop loss and do your research before pulling any trades.
FX:XAUUSDShort
by alonso780
1
The DOWN trend prevailed at the beginning of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The Gold price (XAU/USD) struggles in the Asian session due to conflicting factors and stays near a three-week low. The expectation of rate cuts by the Federal Reserve and easing inflationary pressures weaken the US Dollar, supporting gold as a safe-haven asset. However, positive market sentiment and hopes for a cease-fire in Gaza limit the upside for gold. Traders are waiting for important US macro data, including the Nonfarm Payrolls report, and central bank decisions from the Bank of Canada and the European Central Bank. ⭐️ Personal comments NOVA: The selling pressure at the beginning of the week is still maintained - the DOWN trend is dominant, waiting for support areas for Gold ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2299 TP1: $2312 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2332 TP2: $2327 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
2
The short-term downtrend continues todayAfter reaching the lowest level in 3 weeks around 2315, gold reacted strongly and increased to 10 levels. The latest break out level at 2337 is still doing well as resistance today, my expectation is that gold will fall to the 2305-2300 range. today. Although in the h4 time frame gold is in a short-term downtrend, back in the daily frame gold is still ready to increase strongly at any time. Support: 2,305 – 2,300USD Resistance: 2,340 – 2,353USD BUY price range 2306 - 2304 stoploss 2300 SELL price range 2340 - 2342 stoploss 2346
OANDA:XAUUSD
by TVS-Trader
Short gold, target around 2300 From the 4-hour chart, it can be clearly seen that a head and shoulders top pattern has been formed, which is a bearish pattern. The short-term rebound high is 2336. The trading strategy is mainly short selling, sell @ 2327-2332, and you can add short positions at 2336, with a target of 2305-2300. You can configure your positions according to the above strategy for trading. If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
TVC:GOLDShort
by Signalking
XAUUSD: 3/6 Analysis and StrategyGold technical analysis Daily resistance 2370, support below 2330-2300 Four-hour resistance 2343, support below 2330-2300. ✅Gold operation suggestions: Last Friday, the overall gold price rose first and then fell, and then fell back and fluctuated downward. The overall price showed a strong suppression pattern above 2350. The overall technical indicators in the short cycle showed a short arrangement and divergence downward. At present, a new resistance suppression area has formed above 2360. In the short term, the gold price is expected to fall further. From the current trend, today's upper resistance focuses on the top and bottom conversion position of the hourly line last Thursday, 2341-43. Strong resistance and suppression focus on the 2350 mark. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target continues to focus on breaking the bottom. The short-term long and short strength watershed focuses on the 2360 mark. Before the daily level breaks through and stands firm at this position, the shorts are still strong. SELL:2360 near SL:2373 SELL:2350 near SL:2354 SELL:2330 near SL:2333 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
2
XAU/USD 03 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bearish iBOS which confirms swing pullback initiation. After iBOS price is expected to pull back. First indication, but not confirmation of internal pullback initiation will be a bullish CHoCH which is denoted with a blue dotted line. Price is currently trading within an internal high and fractal low. We have a nested Daily and H4 demand zone where price is reacting from. Intraday expectation: Price to pullback and print bullish CHoCH which is denoted with a blue dotted line. Price to trade up to premium of 50% or H4 supply zone before targeting weak internal low which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' After iBOS price is expected to pullback, which is currently underway. Price is now contained within an internal range and approaching an M15 supply zone and strong internal high. Intraday expectation: Price to react at M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK