There is a risk of decline, entry sell Gold todayWorld gold prices increased with spot gold increasing by 20.3 USD to 2,323 USD/ounce. Gold futures last traded at 2,332.8 USD/ounce, up 24.2 USD compared to yesterday morning.
The gold market entered the new trading week with solid gains, boosted by the weakening of the USD. The US Dollar Index fell to its lowest level in about a month as a recently released report showed that the US job market is weakening, which has increased expectations that the US Federal Reserve (Fed) will interest rate cuts this year.
ActivTrades senior analyst Ricardo Evangelista said that the number of jobs created last month was much less than experts forecast, combined with slowing wage growth, which will cause the Fed to consider easing. monetary policy this year.
According to the FedWatch tool, after the report, the market increased the likelihood that the Fed will conduct the first interest rate cut in September to 71%. Evangelista said that investors will wait for statements from some Fed officials this week to get more clues about the monetary policy trajectory of the US Central Bank. This expert also said that tensions in the Middle East will be a factor supporting gold this week.
Goldsignal
Current Gold trading trend,sell first and wait for the buy priceLast week, the world gold price in the first session of the week traded at 2,335 USD/ounce. In the following sessions, gold prices could not maintain the mark above 2,340 USD and began to decline, reaching the lowest level of the week below 2,283 USD.
World gold price increased again above 2,325 USD/ounce after the Federal Reserve (Fed) announced information on the roadmap to adjust interest rates. However, gold prices could not maintain their upward momentum and weakened at the end of the week.
Gold price on Kitco closed the trading week at 2,301 USD/ounce. June gold futures price closed at 2,309.70 USD/ounce, down about 1% compared to last Friday.
Kitco News's latest weekly gold survey shows that experts are less positive about gold's prospects in the short term. Most retail traders believe that gold prices will decrease or move sideways. According to a Wall Street survey, 40% believe that gold prices will continue to move sideways, 33% predict a decrease.
This week, the market is interested in notable economic information such as the US 10-year bond auction, preliminary consumer sentiment report from the University of Michigan,...
Gold is likely to increase again, today's trading trendWorld gold prices tend to increase with spot gold increasing by 1.5 USD compared to last week's closing level to 2,302.7 USD/ounce.
Experts assess that the gold market has just had an interesting week when it received a lot of information that affects the direction of this precious metal. Gold started a series of declines and reached the lowest mark below 2,283 USD/ounce at noon on May 1 (US time) from 2,335 USD/ounce at the beginning of the week. However, this precious metal regained momentum when the US Federal Reserve (Fed) announced to keep interest rates unchanged and increased again above 2,325 USD/ounce. However, this precious metal was unable to maintain its recovery momentum and returned to test the level of 2,290 USD/ounce.
Although gold recorded its second consecutive week of decline after a 5-week recovery streak, experts still maintain optimism for this precious metal. Many opinions say that the US Central Bank has taken a not dovish stance on future monetary policy, but is certainly not "hawkish". At the press conference after the policy meeting in the middle of this week, Fed Chairman Powell made it clear that the Fed has no intention of raising interest rates.
“I think it is unlikely that interest rates will increase. I would say that is unlikely to happen,” Mr. Powell said.
Experts also say that the factors that pushed gold prices to record highs despite the Fed's stance still remain, including demand from central banks.
Gold has dropped dramatically,what is the opportunity to buy nowGold prices fell sharply in today's trading session, slipping from the $2,300/ounce level on concerns about higher, longer-term US interest rates ahead of this week's US Federal Reserve (FED) meeting. .
Weakening safe haven demand is also exerting pressure, especially as recent reports suggest ceasefire talks have resumed between Israel and Hamas. This makes gold even more vulnerable to interest rate risks.
But despite recent declines, gold prices still traded up more than 4% in April, extending the impressive gains seen in March.
The focus is now on the Fed meeting this weekend, where the central bank is expected to keep interest rates steady. But Fed Chairman Jerome Powell is expected to take a more hawkish stance on interest rates, especially after a series of hot inflation indicators.
Signs of persistent inflation suggest traders have largely underestimated expectations for a near-term rate cut by the Fed. The central bank is currently only expected to cut interest rates in September or the fourth quarter, if at all this year.
Higher interest rates for longer periods bode poorly for gold because they increase the opportunity cost of investing in the yellow metal. The strength of the dollar, thanks to the outlook for stable exchange rates, is also putting pressure on broader metals markets.
Other precious metals also decreased in price today, accordingly, platinum futures prices decreased 0.1% to 959.05 USD/ounce, while silver futures prices decreased 1.8% to 27,168 USD. /ounce.
DeGRAM | GOLD rebound in the channelGOLD is moving in a descending channel above dynamic support.
The price has fallen back into the demand zone.
We expect the rebound to continue after overcoming the correction level.
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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
🚀Gold is Ready to Go Up🚀🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ) 🟡.
🌊According to the theory of Elliott waves , Gold seems to be completing corrective waves in the 15-minute time frame . The structure of the corrective waves is Zigzag(ABC) .
🔔I expect Gold to Go Up to at least the Resistance line and 🎯 Targets 🎯 I've identified on the chart.
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🥇Gold🥇Can Drop by 🏳️Bearish Flag Pattern🏳️🏃♂️ Gold is moving near the 🟢 Support zone($2,327-$2,302) 🟢, 100_SMA(4-hour TF) , Yearly Resistance(2) .
🌊According to the theory of Elliott waves , Gold seems to have succeeded in completing wave 4 with Double Three Correction(WXY) .
📈In terms of Classical Technical Analysis , the 🏳️ Bearish Flag Pattern 🏳️ is well visible.
🔔I expect Gold to fall towards the 🎯 Targets 🎯 I have identified on the chart after breaking the lower line of the Bearish Flag Pattern .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
gold buy signalGold 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 2296
tp1 2300
tp2 2304
tp3 2308
tp4 2312
tp5 2316
tp6 2330
XAUUSDGold time frame 4 hours
According to our analysis, we expect the price to reach our range and wait for the price reaction from there. In the 4-hour time frame, the trend has changed, so short trades have a higher percentage of profit than long trades. It is better to enter short trades to reach a strong demand range.
GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm.
I am waiting for a retest of the resistance around the $2400 price.
I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries.
First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven.
Full take profit at $2072.50.
Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold.
Let me know your thoughts, are you looking for buys or sells?
🥇Gold Analysis🥇Is Ready to Go Down Again(➡️RR=3.16)🏃♂️ Gold is moving in the 🟢 Support zone($2,327-$2,302) 🟢 and managed to break the Uptrend line and the Support line yesterday.
🌊According to Elliott's wave theory , Gold seems to be completing wave 4.
🔔I expect wave 4 to finish near the Resistance lines and 🟡 Price Reversal Zone(PRZ) 🟡, and Gold will start to decline again and break the 🟢 Support zone($2,327-$2,302) 🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2329.417 (Limit Order)
⛔️Stop Loss: $2347.180
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 3.16
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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XAUUSD
🔴Position: Short
✅Entry Point: $2315.678 (Stop Limit Order)
⛔️Stop Loss: $2340.320
💰Take Profit:
🎯$2273.330👉Risk-To-Reward: 1.72
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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⚠️Please be Ready for Both positions; when one of the active, another will cancel.⚠️👆
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Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD volumes continue to buyGOLD broke through the dynamic resistance line and fixed above it.
The trading volume indicator indicates that the latest declines took place without the participation of large volumes.
We think that the price will continue to grow.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
gold buy signalGold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.
Generally speaking, Gold tends to benefit against the USD in a risk-averse environment, which skews the risk to the upside. In the near term, and according to the 4-hour chart, XAU/USD offers a neutral-to-bullish stance. The Momentum indicator is losing its upward strength but holds above its 100 line, while the RSI indicator consolidates around 47, reflecting the absence of apparent directional strength. At the same time, a mildly bullish 100 SMA provides dynamic resistance at around $2,343.50, while the 20 SMA aims lower below the current level
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 2335
tp 2369
xauusd buyGold 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 sees a fresh leg down in Asia on Tuesday even as risk flows dissipate. Receding fears over Middle East escalation offset subdued US Dollar and Treasury bond yields. Gold remains heavily oversold on the 4H chart, rebound appears in the offing.
gold now buy 2301
tp1 2305
tp2 2309
tp3 2313
tp4 2317
tp5 2321
tp6 2340
gold confirm buy signal
🥇Gold Analysis🥇(➡️RR=2.05)🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢.
📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns .
🌊According to the theory of Elliott waves , it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)) , and we should wait for corrective waves .
🔔I expect Gold to fall at least to the Uptrend line , the Support line , and the next 🟢 Support zone($2,328-$2,303) 🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2368.237 (Limit Order)
⛔️Stop Loss: $2385.680
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 2.05
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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XAUUSD
🔴Position: Short
✅Entry Point: $2360.121(Limit Order)
⛔️Stop Loss: $2374.320
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 1.94
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD - Massive Ending Diagonal! Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each.
It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level.
For those that are interested in entering, watch for any sort of pullback and enter with stops above the highs.
Goodluck and as always, trade safe!
See our previous analysis below.
Xauusd confirm buy 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 forecas
Xauusd buy now 2360
Target 2364
Target 2368
Target 2372
Target 2400
What affects the direction of gold?World gold prices tend to decrease with spot gold down 2.4 USD compared to last week's closing level to 2,388.8 USD/ounce.
The world gold market last week fluctuated according to a familiar pattern. Gold prices continuously touched new highs thanks to being boosted by shelter demand due to fears of escalating tensions, but then retreated and entered a consolidation phase.
Kitco News' latest weekly gold survey shows that both Wall Street experts and retail investors continue to believe in the precious metal's strength, with 71% of Wall Street experts and 64% of general investors. Retail participants participating in the survey forecast that gold prices will increase this week.
According to SIA Wealth Management market strategist Colin Cieszynski, risks remain significant and could trigger market rallies. Sharing the same opinion, senior commodities broker Daniel Pavilonis of RJO Futures also said that geopolitical conflicts will continue to push gold prices up even if there is no immediate escalation.
Market analyst Everett Millman of Gainesville Coins said that developments in the Middle East are still the main factor affecting the direction of gold this week when there is not much economic data published. Expert Millman believes that, before the June monetary policy meeting of the US Federal Reserve (Fed), the market will put aside anything related to interest rate expectations until the situation is resolved. in the Middle East is really calming down.
gold long 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 stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
gold now 2392
tp1 2400
tp2 2420
tp3 2435
tp4 2450
tp5 2466
🥇Gold🥇 Ready to Go Up⏰(15-minute time frame)⏰🏃♂️ Gold is moving near the 🟢 Support zone($2,373-$2,363) 🟢 and the Resistance line .
🔔I expect Gold to rise to at least $2,405 after breaking the 🔴Resistance zones🔴 .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD correction from resistanceXAUUSD reached the resistance level, which it could not break through.
The chart broke through the dynamic support, which now acts as resistance.
The long upper shadow on the candlestick after breaking the dynamic support signals the weakening of the bulls, as well as the doji formed near the resistance.
We expect a pullback to the 50% retracement level from the last bullish impulse.
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Share your opinion in the comments and support the idea with like. Thanks for your support!