Get started

Goldtradeidea

The price of gold stands at 1962, and the market outlook is expeLooking at the daily line, if the price of gold can stand above 1962, the market outlook is expected to further touch 1985, which are the 23.6% Fibonacci retracement and 38.2% Fibonacci retracement of the 2082-1925 downward range. However, given that 1962 is in the recent intensive transaction area, it is more likely to fluctuate on this line. Gold rose to 1964 in the Asian session; the US dollar index rose to 102.186. The price of gold fell to 1924.73 yesterday, its lowest level since March 17. However, as the newly released U.S. economic data provided a new basis for the Federal Reserve to suspend interest rate hikes, the price of gold completely recovered the lost ground during the day and rose by more than 0.8% to close at 1957.81. Data released on Thursday showed that as of the week of June 10, the number of Americans filing for unemployment benefits totaled 262K. value. U.S. industrial production unexpectedly fell 0.2% in May, following a 0.5% rise in April. The market had expected a rise of 0.1%. "Gold is struggling because the Fed is still hawkish on inflation and interest rates," said Edward Meyer, metals analyst at Marex. Over the next two weeks, gold is likely to trade in the $1,931-$2,000 range, with strong resistance at the upper end, Meir added. The Fed's updated forecast this week pointed to the resilience of the U.S. economy and suggested that borrowing costs may need to rise another 50 basis points by the end of the year. Traders are currently pricing in a 72% chance of a 25 basis point hike in July. Meanwhile, the Bank of Japan maintained its ultra-loose monetary policy despite stronger-than-expected inflation as it focused on supporting a fragile economic recovery amid a sharp slowdown in global growth. Governor Kazuo Ueda delivered a speech after the meeting, noting that more time is needed to achieve the 2 percent inflation target.
TVC:GOLDLong
by ActuaryJ
Gold reaches a key trading positionThe Fed's interest rate decision has been settled, and the previous record of ten consecutive interest rate hikes has been stopped. The key point is that the Fed expects to raise interest rates by 50 basis points this year. Therefore, gold is still out of the decline, including the market is still digesting interest rates. The impact of the announcement of the resolution. After the digestion of the market in the first three days of this week, the shape of each cycle has also changed. The daily line has formed three consecutive negatives in the shocks and declines of the first three days, and the top has moved down to 1970. Bollinger may open with a temporary slow decline. Therefore, the daily cycle may fall and crash at any time, and the key point is still at 1932. Once again, if it falls below 1932, the long-short trend of gold will change, and a unilateral plunge will be formed at that time. You can pay attention to 1910 below. 1860, 1810. The H4 cycle is more obvious. After rushing up to 1960 on Wednesday, it was weak and just suppressed below the 60-day moving average. After falling at midnight, Bollinger has opened his mouth for the time being. Every moving average forms a suppression and diverges downward. Breaking through 1932, there is no doubt that the weak short position is undoubtedly, and the bottom cannot be guessed below. It needs to be shorted for a period of time, and then wait for H4 to close and form a shock. Therefore, on the whole, gold may form a short trend today. If it falls below 1932, it can get out of the room for a sharp drop. Under this weakness, try to be short-selling. In the performance of the small cycle, it should be noted that although it is weak, it cannot be chased short. After all, the low point has not been refreshed for the time being, and 1932 has not broken, so there is still room for a rebound to support the test. The upper suppression point is 1940, 1945, and it needs to be shorted in combination with the intraday pattern. 6.15 Gold strategy: Before 1932 breaks, you can rely on the vicinity of 1932 to go long, stop loss 5 points, target 1940-1945 Rebound to 1940-1945 and short in batches, stop loss at 1951, target 1932-1930 to break the position and hold, after breaking the 1932 trend support point, there may be a sharp drop in the unilateral market, then we need to pay attention to whether the support below 1910-1900 is stable Reconsider whether to participate more (For reference only, specific real offer analysis shall prevail)
OANDA:XAUUSDShort
by K-linesound
1
Gold Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend. It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark. However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market. As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955. Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
TVC:GOLDShort
by DNA_TradingFX
13
Today's PPI - Bulls are extremely scaredThe recent decision by the Fed to pause on future rate hikes is good news for gold. However, there are concerns that the yellow metal could face increased pressure as this move may push risk appetite up. Some analysts have warned that the Fed may still raise rates later in the day due to US inflation being far above the central bank's 2% target. Despite slipping below the 2 EMAs of the uptrend, gold remains stuck between key breakout support and resistance levels of 1935 and 1980. The Fed's actions could have a significant impact on the US dollar's value and, in turn, affect gold's performance. Currently, gold is moving below the bearish band in all trading frames, and its decline may only stop if there is more positive news or if the price resistance at 1918 - $ 1900 is reached. Today's target for gold traders should be to keep an eye on the 1955 zone, as the downtrend may continue around this price level.
TVC:GOLDShort
by DNA_TradingFX
17
Gold current price 1951 short! Gold current price 1951 short! Gold fell below the 1-hour upward trend line yesterday. Gold rushed up many times in 1 hour without breaking through, and fell below the support upwards. I chose to break through upwards. A rebound with the trend is short selling. The gold 1950 area has formed support for gold many times a few days ago. Before the Federal Reserve's interest rate decision, the probability of the market fluctuating is relatively high, and now it just hits the resistance level, so go short first. Then wait for the final direction of the Fed's interest rate decision. Trading straregy: gold: sell@1950-1955 tp1:1946 tp2:1941 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
CPI forecast with mixed opinionsRecently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices. Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current monetary tightening cycle comes to a close. Gold is currently selling at $196.20, which is the 23.6% Fibonacci retracement level of its most recent daily drop. This indicates a potential downside risk and suggests that the lows of $1932.00 may be tested monthly in May. The daily chart reveals that gold is positioned below the bearish 34 and 89 EMAs, with its slope extending below the aforementioned Fibonacci level.
TVC:GOLDShort
by DNA_TradingFX
12
Gold trading recommendations today Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short. The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour. Trading straregy: gold: sell@1959 tp1:1949 tp2:1944 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday. However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve. The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term. However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
TVC:GOLDLong
by DNA_TradingFX
17
CPI inflation data forward-looking, personal forward-looking guiTomorrow is the release of cpi data. Judging from the volatile and sideways trend, tomorrow's market should be very big. Here I believe that many investors still want to know, I am more inclined to cpi is falling or rising. From the perspective of data expectations, the previous value is 4.9%, and the expected value is 4.1%. The gap in the middle is still relatively large. Maybe everyone thinks that the rate of inflation will not fall so quickly. With a high probability, most people think that the announced value will be greater than expected, but less than the previous value. But I personally prefer less than expected. In this way, the impact on the data is data bullish for gold, but the trend of gold prices will show a performance of rising first and then falling. Because when inflation falls, the first wave of bets on market funds must be bullish on gold as shown by the data. But at the same time, when inflation falls, it means that real interest rates in the United States are rising. Correspondingly, when the first wave of market funds broke out, the market sentiment returned to rationality, which brought about a new stage of selling of gold. Therefore, it is more inclined to pull up strongly in the short term, and it is expected to reach around 1980. Then began a new round of shocks and fell, and entered the trend of 1930-1980 range shocks. The above is my expectation for the high probability trend of the future market. Of course, it is only a personal forward-looking guideline. In the end, market data shall prevail.
TVC:GOLD
by ActuaryJ
Next week - Potential buying/Selling zones on GC/XAUUSD OANDA:XAUUSD COMEX:GC1! I'm continuing my analysis on the GC/XAUUSD gold market, after reaching my TP last week, I'm expecting these potential scenarios mentioned on the chart. As you can see, we're in the liquidity zone, so all the possibilities are there, the market can do absolutely anything. In my analysis, all entries are based on a 1H time frame to minimize risk. I'd just like to mention that the market is expecting some big news this week (CPI, PPI, FOMC). Trade at your own risk. Follow for more
OANDA:XAUUSD
by lrabdo
1
Follow me: Gold rebounds weakly, pay attention to the 1946 regioYesterday the whole world was bullish, but I was still bearish, and I reminded you yesterday that gold was shorted at 1970, and the target was 1950, and gold really rebounded to 1970 at the highest, and then began to fall to 1939 at the lowest. Today gold is slowly oscillating upwards, which is what I expected. Currently bullish in the short term, stop loss 1930, short term is expected to be above 1950, take profit 1955, wait for the opportunity to rebound to 1952-1955 short, target expectation 1940, stop loss 1960​​​​ Next, I will continue to provide more trading signals, follow me!
TVC:GOLDLong
by ActuaryJ
Gold trading recommendations today Gold rose directly with marginal support yesterday Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend. Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode. Trading straregy: gold: sell@1961 tp1:1951 tp2:1946 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
1
GOLD is trying to get out of controlThe Federal Reserve has stopped raising interest rates, which means that assets like gold may have higher rates for a longer time. Gold has not seen much demand as a safe haven in the past month, but a potential recession in the US and Europe could change that. Buyers are optimistic due to a positive chart pattern and sustained trade in XAU/USD above the EMA at $1954. The RSI (14) supports this uptrend, but there is limited room for growth. The price range of 1966-1952 is narrow, and it may increase during the Eurasian session. However, volume management is important, and an absolute stop loss is recommended during strong market fluctuations. The strategy for selling around 1975 and buying around 1950-1945 has been indicated and can be applied accordingly.
TVC:GOLDLong
by DNA_TradingFX
19
XAUUSD - It is better to choose the direction of BUYGold prices steadied in a tight range on Tuesday as optimism that the US central bank won't raise interest rates this month kept the dollar under pressure. The dollar index fell 0.1%, making gold a more favorable option for foreign investors. Yields on 10-year Treasuries also fell after weaker US services data on Monday. Lower interest rates tend to lift the price of gold because it lowers the opportunity cost of holding non-yielding assets. Gold is approaching the H4-frame EMA at 1968 and there will be a price reaction here. In the short term, I expect Gold to return around the 1950 price range to establish a buy order.
TVC:GOLDLong
by DNA_TradingFX
21
XAUUSD:Trading advice for the day Market news said that the dollar job vacancies unexpectedly increased and layoffs decreased, the relevant speech of Fed vice chairman nominee Jefferson caused the market to sharply reduce expectations of the Fed's interest rate hike in June, the dollar index rally was blocked, and the US bond yield extended its decline, providing support for gold prices. It should be reminded that the market is still paying attention to the development of the US debt ceiling issue, and the US House of Representatives voted to pass the debt ceiling bill on Wednesday; This will weigh on the market's risk aversion, slightly biased towards the bearish gold price. Once passed, the House of Representatives will send the bill to the Senate for a vote, which is expected to complete the vote by June 5. Bulls may still be wary of Friday's non-farm payrolls. Gold prices did not continue to be strong, but volatile slow fall, after all, tomorrow is the release of non-farm data, the market is expected to be range-bound first, so the day is not optimistic to continue unilateral rise, but to see range fluctuations! If you want detailed advice, you can follow me, and I will continue to share it on the channel.
FX:XAUUSD
by UnknownUnicorn55305536
3
Gold trading recommendations today The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of gold was suppressed by the daily pressure level yesterday, and it plummeted by 15 US dollars in a straight line, which shows the great pressure. Trading straregy: gold: sell@1962 tp1:1952 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down. As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year. Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range. However, if the price returns to the 1950-1945 zone first, I will set up a buy order here At the moment, all signals are in favor of gold's uptrend
TVC:GOLDLong
by DNA_TradingFX
18
XAUUSD - 1975 needs to be re-examined The US Dollar Index (DXY) experienced a drop from its 10-week high and fell to an intraday low of 104.00. Despite this, the US 10-year Treasury yields remain low, around 3.68% at present, while the two-year counterpart also remains low near 4.45% after a 12-day uptrend. It's worth noting that recent data in the US hasn't supported the Federal Reserve's hawkish bets, leading to a rally in XAU/USD. However, Richmond Fed President Thomas Barkin believes that rate hikes are limiting demand. As such, the 1975 area needs to be re-examined, and my first target is to place a buy order around 1950.
TVC:GOLDLong
by DNA_TradingFX
10