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Goldtrading

What did Powell say and what did gold do? Federal Reserve Chair Jerome Powell expressed reservations about the trajectory of disinflation in the US during his recent remarks, stating, "My confidence in that is not as high as it was." Despite this, he indicated that further rate hikes were unlikely based on the data from the first quarter of the year. Powell's comments largely echoed those made during his last press conference following the Federal Reserve's previous meeting. Market sentiment regarding the Fed's rate decisions appears to be slightly adjusting though, particularly after the release of new data showing faster-than-expected increases in producer prices in April. Traders are now considering a 60% chance of a rate cut in September, down slightly from the 64% chance before Powells remarks and the Producer Price Index (PPI) report. Following the release of the PPI data, the XAU/USD pair climbed nearly 0.8% to $2,357, with potential for further gains in upcoming trading sessions. Technical analysis indicates that the next obstacle for gold prices lies near trendline resistance at $2,370, while immediate support rests close to $2,320, followed by the 50-day Moving Average. Market attention now turns to the release of consumer price data for April, scheduled for Wednesday.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD 4H CHART MARKET UPDATEHey Everyone, Great day on the chart today catching the move up form support inline with our plans to buy dips. Yesterday after break and lock confirmation below 2357, we got our retracement target hit at 2337. We then highlighted, as per the chart arrow our expectation for a bounce back into 2357. - This played out perfectly for the bounce into 2357 today. We will now look for a cross and lock above 2357 for a continuation above or a rejection here can provide the momentum for another retest at the retracement range for the full retracement range test. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
25
GOLD 4H CHART MARKET UDATEHey Everyone, Our 4H chart kick starts the week with 2357 support hit first. This followed with ema5 lock below 2357 opening the retracement range. This allowed us to wait patiently for the retracement range to be hit. This was hit perfectly and now we are seeing price test the first level of the retracement range. We expect support bounce on each level of the retracement range and now waiting patiently. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD 1H CHART ROUTE MAP AND TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346. We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross and lock below 2346 will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2365 2379 EMA5 CROSS AND LOCK ABOVE 2379 WILL OPEN THE FOLLOWING BULLISH TARGETS 2393 2408 BEARISH TARGETS 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2321 - 2305 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
GOLD 4H CHART ROUTE MAP AND TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2389 resistance and 2357 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2389 to further open the range above or a rejection will follow to find support at 2357. A cross and lock below the 2357 will open the retracement range and a further cross and lock below 2317 will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2389 EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce. - This played out perfectly with the full half line test complete followed with the bounce up, as no lock below to confirm channel low test. We will continue to track the move up with the ascending channel half line to provide support along the way. We will also keep in mind while tracking the ascending channel half line that any break below the half line with ema5 will open the range below. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
10
GOLD MONTHLY CHART LONG RANGE/TERM ROUTE MAPHey Everyone, As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing range zone tested long term. - We had the anticipated correctional drop, as you can see from the wick on last months candle but not enough to complete the full detachment. The new month candle has now opened and in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range CURRENT UPDATE The mission to retest the new open range again has started with 2296 and 2360 complete. If we get the full re-test above this month then we are likely to see ema5 move up closing the detachment gap higher for any correction to take place higher. Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above. We still remain Bullish and will only safely take buys from support levels. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
9
XAUUSD. Weekly trading levels 6 - 10.05.2024Gold in a narrow range. We are waiting for a shot from the current zones to the next ones. A good wide trade could work out. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern. Don’t forget to like Rocket and Subscribe!!!
FOREXCOM:XAUUSD
by Forex_Hoby
GOLD ROUTE MAP UPDATEHey Everyone, Once again another smashing finish to the week with our Bullish targets hit confirmed with ema5 lock to give us plenty of time to get in for the action. Yesterday after getting our lock confirmation above 2313 we confirmed the 2340 gap, which was left open and just fell short and we were looking for it to complete. - This was hit perfectly today followed with a further lock above 2340 opening 2358. Once again perfect hit completing another target a5 2358. We are now seeing ema5 challenge 2358 and will need a lock above to confirm 2390. However, we will now close the week and come back Sunday with our multi time frame analysis, Gold route map and trading plans for the week ahead. Have a great weekend everyone and please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
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
OANDA:XAUUSDShort
by JohnHarry_7
💡 GOLD: Analysis May 9Gold fell for the second day in a row, but selling pressure continued to be as weak as the previous day, because yesterday's bar D1 had a narrow range, even narrower than the previous falling bar D1. Structurally, Gold D1 continues to move inside the Inside bar pattern, reflecting a state of cumulative price compression, and remains within the larger Inside bar and large price range. Gold D1's trend is more inclined to increase in price. After touching the border on the H1 price frame, H1 Gold is adjusting down, however the selling pressure is not strong because the adjustment span is not steep and has large fluctuations. The scenario for buying Gold is still the dominant one today, the best option is to buy when the price breaks out to the top and then retest, otherwise you can "fish for the bottom" with the buying zone being the margin below the price frame. 💡H1 trend: Gold moves sideways. 💡Today's trading idea: Buy Gold.
TVC:GOLDLong
by Stone_Haven
1
GOLD 4H CHART MARKET UPDATEHey Everyone, Our 4H chart is playing out perfectly in true level to level fashion. We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely. Today once again we had the support test at 2313, followed with a bounce of over 250 pips capture, all the way into our resistance level and just short of our target at 2340 - BOOOOM!!! Perfectly inline with our plans to buy dips. Currently we still have a small tiny gap left to 2340 and therefore likely to get hit. We will keep this in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2313 - DONE EMA5 CROSS AND LOCK ABOVE 2313 WILL OPEN THE FOLLOWING BULLISH TARGETS 2340 EMA5 CROSS AND LOCK ABOVE 2340 WILL OPEN THE FOLLOWING BULLISH TARGET 2358 EMA5 CROSS AND LOCK ABOVE 2358 WILL OPEN THE FOLLOWING BULLISH TARGET 2390 BEARISH TARGETS 2290 EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE SWING RANGE SWING RANGE 2247 - 2221 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
23
XAUUSD: Still bearish short term.Gold is neutral on its 1D technical outlook (RSI = 52.129, MACD = 17.800, ADX = 29.397) as since the April 30th Low it has been trading sideways in anticipation of the 1D MA50 test. The 1D RSI has been trading under its MA line for almost 1 month, which keeps the momentum bearish on the medium term, so we have to stay on this side of the trend. Our target is that potential contact with the 1D MA50 (TP = 2,270), which is marginally over the 0.382, a standard technical target for corrections. If the Channel Down breaks downwards, we will be expecting Gold to bottom near the 0.618 Fibonacci level or on the 1D MA100 if it hits that first. That will be a low risk level to start buying again for the long term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDShort
by InvestingScope
GOLD ROUTE MAP UPDATEHey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of our range below for any corrections is allowing us to manage our risk accordingly. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2305 - DONE EMA5 CROSS AND LOCK ABOVE 2305 WILL OPEN THE FOLLOWING BULLISH TARGETS 2321 - DONE EMA5 CROSS AND LOCK ABOVE 2321 WILL OPEN THE FOLLOWING BULLISH TARGET 2346 BEARISH TARGETS 2285 EMA5 CROSS AND LOCK BELOW 2285 WILL OPEN THE SWING RANGE SWING RANGE 2259 - 2240 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18