GOLD SELLHi, according to my analysis of the gold market. The price is moving sideways. The price is now breaking this area down. And there is a further decline to the level of 1940 in the first stage. And the level of 1930 in the second stage. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Goldshort
Gold (XAUUSD): Only If... 🟡
Gold is trading in a minor bearish trend on a daily.
After the price reached 1940 support, the market started to consolidate within a range.
I believe that the bearish trend will continue only after a bearish breakout of the support of the range.
Daily candle close below 1931 will confirm the violation.
A bearish continuation will be expected to 1900 then.
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What to Expect From Gold on Monday? 🟡
Gold is trading in a wide horizontal trading range on 4H time frame.
After the test of the upper boundary of the range, the market dropped sharply
following the NFP release.
I believe that the market will most likely keep falling to the support of the range.
Next goal for sellers - 1939.
Consider an occasional pullback for safe entries.
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GOLD SELL Hi, according to my analysis of the gold market. There is a high probability of falling. With the formation of the descending channel, gold was unable to break it higher. There is also an internal channel as shown in the analysis. There is a lot of pressure from the sellers to fall back to the 1930 levels. And the 1910 level. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GOLD (XAUUSD): NFP Ahead! Your Plan: 🥇
Today we are expecting US Non Farm Payroll report.
Many of asked me to share the plan to trade the news release on Gold.
Analyzing a daily time frame, we can spot that at the moment the market is approaching a key horizontal resistance.
To buy the market with confirmation, I would suggest waiting for a bullish breakout of 1978 - 1985 area.
Its violation will trigger a bullish continuation at least to 1999.
Those, who want to short, patiently monitor 4H time frame.
The market is currently stuck within a narrow range, perfectly respecting the above-mentioned resistance and
1969 - 1974 minor support.
Your trigger to short will be a bearish breakout of the support of the range and 4H candle close below.
Next goal will be 1956.
Wait for a breakout, traders and be patient.
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GOLD on Short Wave Gold move into a uptrend channel
acoording to previous weekly analysis
if the price move under level 2069USD we consider this view as still valid
This is another quick scalplooking to get in during our London session open momentum, rejection zones at 1960.44. Looking to get in on momentum break from rejection a fee pips down. Entry looks to be safer at 1959.74, aiming for a 2 Dollar move to the downside. If rejection hold we wait for our upper channel to break resistance at 1974.69. We look to aim down entering at 1959.74 exiting at 1956.74
Gold is under negative pressureHello traders. According to my analysis of the gold market, it is still in a negative state. down channel. With broken area in yellow as shown in the analysis. In case the price returns to test this area. And the downtrend area, we will witness a violent decline towards 1900. Good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
XAUUSD Will gold continues the downtrend?The Gold has been declining the last couple of week. The market is currently very optimistic about the debt ceiling negotiation. I see the dollar getting stronger. Markets are pricing in a 37.8% chance of a 25-basis-point hike in June, according to the CME FedWatch tool.
Monthly
We can clearly see at the highs a triple top between the price of 2067 and 2075. The highs are very liquite. At one point the price will move to the highs to collect the liquidity. Also, price is in a top trend in this time frame. At the monthly time frame price still bullish which go against our analysis.
Weekly
The price created a bearish pattern. Also, there is a good point of liquidity that the price have not liquidated yet. I believe that before the price start a move to the upside the liquidity needs to be taken.
Daily
The price is in a clear downtrend. I would love to see a confirmation bearish pattern in this time frame before entering any position.
GOLD - XAUUSDHello GOLD DIGGERS , this is what I'm seeing on gold from the D TMF.
We see that price has pushed down from a major supply zone to a sub-demand level (area or value) where price can really react.
I'm anticipating price to either puch back up to the main supply zone and then dig down, or price to brea out from the sub-demand level, pullback , and swim all the way to the main demand zone.
What do you think?
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Now, let's make BANK$$$$
Gold this week, bearish Dow setup!Additionally, concerns about a potential U.S. debt default further affected the market.
The rise in interest rates negatively impacts non-yielding assets such as gold, as it increases the opportunity cost of holding them.
The Fed's approach to rate hikes is based on data, and with inflation rising, they may consider further hikes.
Economic risks from a possible default are also reduced, giving the central bank more leeway to increase interest rates, indicating a bleak outlook for gold in the short term.
Gold is currently experiencing a minor increase in value and is expected to hover around the price range of 1955-1960 before heading back down.
The projected target for this week is a decrease in value, with Gold returning to the price zones of 1935-1930 and 1925.
Gold (XAUUSD): 2 Scenarios For Next Week Explained 🟡
Gold is approaching an important horizontal daily support.
Depending on the reaction of the price to that structure, I see 2 potential scenarios.
Bearish Scenario
If the price breaks and closes below the underlined green area on a daily,
it will signify a strength of the sellers and a highly probable bearish continuation.
Next target will be 1900.
Bullish Scenario
The price may also pull back from the underlined support.
To confirm that, watch a falling wedge pattern on 4H time frame.
If the price breaks and closes above its upper boundary,
a bullish movement will be expected to 1977.
Wait for a breakout, it will help you accurately predict the direction of the market next week.
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Gold Movement Another ViewHi, so this is my other prediction on gold, I most probably will respect all these prices to create the market structure. I prefer to see CHOCH and BOS, then wait for a pullback in the institutional fib level where the OB and IMB form. Safely, wait for the price to make a rejection in LTF before entering.
Gold Trade Next Week OnwardsHi, so this is my prediction on gold, most probably will respect all these prices to create the market structure. I prefer to see CHOCH and BOS, then wait for a pullback in the institutional fib level where the OB and IMB form there. Safely, just wait for the price to make a rejection in LTF before entering.
Gold 15m TF I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure.
Currently, Gold has experienced an increase of 1.6%, indicating the need for a pullback before it can make further upward movements. Gold miners have only seen a marginal increase of 0.06%. As such, I am anticipating a reversal in gold's performance within my area of interest.
Gold 4hr TF setup for CPI When considering CPI, a lower figure is preferred when buying assets such as gold, EUR, EURUSD, Cable, and indices. The weaker the CPI, the better it is for risk assets, especially those associated with hedging against the dollar. For instance, if there is a year-on-year 4.7% inflation and a month-on-month 0.2%, it would be ideal to buy indices and sell dollars because the data has outperformed. If the CPI is lower than expected, buying gold and selling dollars is a good option.
Gold, GBP, EUR, and JPY are some of the assets that may be purchased in such a scenario. Indices such as S&P may move 30-40 points, while Wall Street may see a few hundred points move. Typically, any CPI figure before 4.8 or lower is considered a good data point.
It is crucial to analyze the CPI figure excluding food and energy. Food and energy prices have rapidly increased in the last two years, making them an important outlier. However, we are starting to see food and energy prices normalize, and they have been coming down steadily over the last three to four months.
If the CPI comes out at 5%, and food is at 5.5%, it is not a good number. The ideal situation would be to see continued decreases for six months. If there is a slowdown in one or two months, that is a problem. Currently, the Fed is still raising rates, which can aid in stabilizing prices. CPI inflation and rates are positively correlated.