Goldshort
Is gold or silver the trade to make this week? This week's trade could be a decision between gold and silver.
The former might be swayed by the seven fed officials that are planned to speak this week, while the latter could be influenced by the #SilverSqueeze movement that is tangentially related to the meme stock frenzy that reignited last week.
Gold Technical
Gold (XAU/USD) prices rose at the end of the week but did not quite test the all-time high around $2,431.
Gold is trading well above the 20 Simple Moving Average (SMA), with the 100 and 200 SMAs maintaining bullish slopes much below it. Renewed buying pressure beyond $2,413 might push prices above the $2,420 mark.
Silver Technical
Silver (XAG/USD) is nearing the multi-year high at $31.40. A significant break at the end of the week saw Friday's sharp rise validate the break above the multi-year trendline. The challenge for the coming week is whether silver can maintain this bullish momentum despite entering overbought territory. The frenzy we saw in meme stocks might be dampening down too, with 2 days of declines following the surge. But it might be premature to count anything out yet.
The 14-period Relative Strength Index (RSI) is in the range of 70.00, possibly suggesting bullish momentum. The next resistance level is $31.50 from May 2011. In this fundamentally detached market, the next support could lie all the way back at where the metal was trading before the surge.
GOLD ANALYSISResistance Line: The chart shows a resistance line (marked in the image) that the price has been unable to break through. This resistance level indicates a strong area where selling interest surpasses buying pressure. Traders often pay attention to such levels as they can influence future price movements.
Price Channel: Within the chart, there is a defined range where the price has been fluctuating. This range is marked as the “price channel.” Recently, the price broke above this channel and reached near the resistance line (indicated by the orange arrow). However, it faced rejection at that level.
Potential Downside: The orange arrow points downward from the recent peak (around 2478.16 USD) to a potential target near 2374.50 USD. This suggests that there might be a decline in price from the current levels.
XAUUSD Bullish scenario - 4HRSimple trading - Cup and handle pattern
Watch gold to see if the handle will be filled. I have marked the probable retracement using the FIBB (purple lines) If gold manages to hold above .618 or 2340 we can look to continue buying.
With the DXY making its way back up after testing previous support (104.05) it is only a matter of time before GOLD gets the pullback it deserves. If GOLD wants to remain bullish on the macro level it needs to make a macro pullback to gain its momentum.
This week Powell gave the dollar a bullish outlook for the remaining quarters. With a natural dollar into Q2, start taking profits on buys and get ready for more sell pressure in the markets.
**Gold bearish scenario will come out this weekend if gold remains below 2400.
These are just my thoughts, not financial advice.
CPI signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2364
Target 2400
Gold , What do we expect ? SELL or LONG ?Hello Traders, hope you doing great.
for upcoming weeks I think we'll probably see a correction in Gold.
The first target of this correction is 2340 and the second target is 2305.
this post will be updated.
at the end, tell me what do you think about gold ? UP or DOWN ? comment it.
if this post was helpful please like & share with your friends.
THANKS.
GOLD → Trade Analysis | SELL SetupI have two options here; bullish continuation from here or bearish break.. more chances on continuation! Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Gold → a manipulation hello guys...
I think gold broke the channel and touched the middle line of the next channel at the same time it hunted (the yellow circle) the last high! (I've shown it by the dashed line!)
so it is possible to touch the previous level that has been hunted!
the next target is the blue area!
___________________________
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Im looking for a sell Gold As we can see in the chat above ; there has been a rejection at (2378)since Gold flew up after the news that came up on Friday ( prelim Uom Consumer ) so I believe we should continue moving down in London session if we had enough volume from the usd , Be patient in executing your trade ; Good luck everyone
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday.
I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish.
Confluences for GOLD sells are as follows:
- Price has slowed down after an impulsive move last week indicating a correction.
- Price is inside an 8hr supply zone and wyckoff distribution is playing out.
- Imbalance and liquidity below that needs to get mitigated.
- Demand zone on the 19hr around 2320, looking interesting for the next rally.
P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions.
Have a great trading week guys!
GOLD → another downward movementhello guys...
I believe xauusd or Gold wanna touch the $2267 level but we have two scenarios here:
s1: start a downward movement from here.
s2: it will hunt the previous high and then start a downward movement.
___________________________
✓✓✓ always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Xauusd buy Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2367
Target 2371
Target 2375
Target 2379
Target 2383
Target 2387
Target 2400
Xauusd short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2314
Target 2318
Target 2322
Target 2326
Target 2330
Target 2350
Gold Sell Zone Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2321
Target 2317
Target 2313
Target 2290
GOLD SELL - 15 Min EntriesGold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
Gold is weak. Just go short on the reboundJudging from the current trend, today's upper pressure will focus on the 2326 line, which opened last Friday's non-agricultural opening. Counterattacks during the day will rely on this position to continue to be bearish and the downward trend will fall. The short-term support below will focus on around 2280-2285. The short-term watershed between long and short strength should focus on the 2320 line. The daily level suppresses this position and continues to be weak and bearish, and continues to maintain the main and short rhythm of counter-drawing. I will prompt you with specific operating strategies during the trading session, so please pay attention in a timely manner.
NFP signal Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy 2301
Target 2350