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Gold: pressure building ahead of Fed rate decision Gold volatility is slowing, and tension building as the Fed announcement gets closer. Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable. However, with gold being priced in US dollars, all eyes are on the Federal Reserve's interest rate decision scheduled for Wednesday. While no rate cut is expected this month, traders will be looking for news on a June cut. The likelihood of a 25-basis-point rate cut in June has decreased by more than 20% recently, and now stands at about 50%. Beyond the rate decision announcement, traders are particularly interested in the 'dot plot,' which shows individual FOMC members' interest rate forecasts. Should the central bankers maintain the 'dots' relatively unchanged, it could bode well for gold, especially considering the ongoing inflationary pressures indicated by recent CPI and PPI data have some analyst thinking that June is too soon for the Fed to be comfortable with a cut. Gold continues to trade significantly above its 100- and 200-day moving averages. However, the 50-day moving average is possibly suggesting a limit to its short-term bullish momentum. Meanwhile, the benchmark 10-year US Treasury bond yield remains stable above 4.3% in anticipation of the Federal Reserve event, preventing XAU/USD from gaining traction for now.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD UP The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below the current level, with the 20 Simple Moving Average (SMA) heading north almost vertically far above the longer ones. Gold price struggles to capitalize on the previous day's bounce from the $2,145 region and oscillates in a range during the Asian session on Tuesday. Hawkish Fed expectations, elevated US bond yields and a bullish USD cap the upside. Gold now buy 2156 Target 2185 SL 2136
OANDA:XAUUSDShort
by JohnHarry_7
2
GOLD UPGold gained traction and advanced toward $2,160 after spending the first half of the day in a tight channel near $2,150. With the benchmark 10-year US T-bond yield rising above 4.3% in the session, however, XAU/USD struggles to gather bullish momentum. The daily chart shows XAU/USD met buyers around the 23.6% Fibonacci retracement of the bullish run, which measured between $1,984.03 and $2,195.22 at $2,145.17. The same chart shows technical indicators have turned flat around overbought levels after correcting extreme readings, suggesting sellers have no say. At the same time, moving averages develop far below the current level, with the 20 Simple Moving Average (SMA) heading north almost vertically far above the longer ones. According to the 4-hour chart, the bullish potential seems limited in the near term. XAU/USD is meeting sellers at around a flat 20 SMA, although the longer moving averages head firmly north, far below the current level. Technical indicators, in the meantime, lack directional strength within neutral levels. Support levels: 2,163.40 2,176.50 2,195 Resistance levels: 2,145.10 2,134.70 2,119.94 Gold now buy 2160 Target 2165 Target 2170 Target 2175 Target 2180 SL 2140
OANDA:XAUUSDShort
by JohnHarry_7
GOLD 1H ROUTE MAP & TRADING PLAN 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 structures and testing support at 2155 Goldturn with a retracement range just below at 2147 weighted level. If we see the 2155 hold then price will head towards our Bullish target at 2166 and a break and lock above 2166 will see the range above open for a test. If 2155 Goldturn support breaks into the weighted retracement range, we will be looking for a bounce from there and if we see a cross and lock below the retracement range then we are likely to see the swing range open. 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 2166 EMA5 CROSS AND LOCK ABOVE 2166 WILL OPEN THE FOLLOWING BULLISH TARGETS 2175 2182 BEARISH RETRACEMENT TARGETS 2155 2147 EMA5 CROSS AND LOCK BELOW 2147 WILL OPEN THE SWING RANGE SWING RANGE 2137 - 2129 EMA5 CROSS AND LOCK BELOW 2129 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2113 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
15
GOLD 4H ROUTE MAP & TRADING PLAN 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 structures, support at 2151 Goldturn and resistance at 2171 Goldturn. We are looking for a bullish test on 2171 and a break and lock above 2171 will open the range above. We also have a immediate bearish test at 2151 and a break and lock below 2151 will open the retracement range and a further break below the retracement range will see the swing range open. 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 2171 EMA5 CROSS AND LOCK ABOVE 2171 WILL OPEN THE FOLLOWING BULLISH TARGETS 2190 2206 BEARISH RETRACEMENT TARGETS 2151 EMA5 CROSS AND LOCK BELOW 2151 WILL OPEN THE SWING RANGE SWING RANGE 2101 - 2078 EMA5 CROSS AND LOCK BELOW 2078 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2052 - 2042 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
FXOPEN:XAUUSD
by Goldviewfx
2
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly. Previously we got the 2043 hit, as analysed and we advised that we will be waiting to see either ema5 cross and lock above 2043 to open the range above or a new Goldturn formation below 2043 to confirm rejection into the channel bottom. - This played out perfectly with No ema5 cross above 2043 confirming a new Goldlturn below for the rejection into the channel bottom. We then stated that we are seeing price at support for a bounce or we will need to see ema5 cross below the channel bottom to open 1998 Goldturn test - This played out perfectly with the ema5 cross and lock below the channel bottom opening 1998, which was hit 2 weeks ago. EMA5 did not cross below 1998, which provided the support for the bounce. We then stated that if this support holds, we are likely to see a test at 2043 to re - enter the channel dynamics. Failure to test and break the channel again will likely see another dip down keeping in mind we have ma200 sitting below for a long range dynamic support. - This is now playing out, as last week we saw the 1998 level hold for the bounce like we suggested and now heading towards the 2043 longer range target identified 1 week ago. - This played out perfectly last week with 2043 hit followed with our 2089 axis target to perfection!!!. We will now need to see ema5 lock inside the channel above to confirm a continuation in the new range above or a possible correctional retracement at 2043 for support before we see further challenges and tests above. CURRENT UPDATE We saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection. We are now likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extent the channel range to 2205 and 2237 long term. - This is currently playing out as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel before we see the bounce back into the upper channel range. 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
12
GOLD (XAUUSD): Your Trading Plan For Next Week Explained 🥇 This week was very slow for Gold. The market was consolidating after setting a new all-time high. Here are potential scenarios for next week. If the price drops and closes below 2144 level on a daily, it will confirm the strength of the sellers and a correctional movement will be anticipated at least to 2090 level. Alternatively, a bullish breakout of a falling trend line on a 4H time frame will be an important bullish confirmation. A retest of a current high will be anticipated then. Patiently wait for a breakout next week, that will be your trigger. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
6
GOLD 4H ROUTE MAP & TRADING PLAN END OF WEEK UPDATEHey Everyone, Please see update on our 4H chart idea that we shared last Sunday. This chart has played-out perfectly with price hitting our first Bullish target start of the week at 2190 followed with no cross and lock above confirming the rejection into the retracement range completing our retracement targets. We are seeing price bounce between the two structure now and will need the break and lock confirmation to open the next range. True level to level tracking and trading. BULLISH TARGETS 2190 - DONE BEARISH RETRACEMENT TARGETS 2171 - DONE 2151 - DONE As always, we will now come back Sunday with our multi timeframe analysis, gold route map and trading plans for the coming week. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
FXOPEN:XAUUSD
by Goldviewfx
8
GOLD BUY CONFIRM SIGNALGold 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 is consolidating weekly losses near $2,160 early Friday, as risk sentiment remains sour and keeps the US Dollar underpinned. XAU/USD traders remain wary and refrain from placing fresh positional bets, as the focus shifts to next week’s US Federal Reserve monetary policy announcements As observed on the daily timeframe, Gold price has charted a potential Bull Pennant formation, with a daily closing above the falling trendline resistance at $2,174 to confirm the bullish continuation pattern. The doors would then open up again for a test of the record high at $2,195 on acceptance above Tuesday’s high of $2,185. The next key upside targets are seen at the $2,200 threshold and the $2,250 psychological level. GOLD NOW BUY 2167 TP1 2171 TP2 2175 TP3 2195 SL 2150
OANDA:XAUUSDShort
by Mark804
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Following on from yesterday, as suggested we are seeing price play within the range 2178 Goldturn resistance and 2157 Goldturn support. Yesterday we stated that EMA5 failed to lock below 2157 retracement level, which followed with the bounce into 2166 and leaving target 2178 open. This was hit perfectly and then once again ema5 failed to lock above 2178 confirming the rejection back down to 2157. Once again no lock below 2157 confirmed another bounce up now heading towards 2166 as next resistance. We are now likely to see price range sideways between this structure until one locks opening the next set of 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 2184 - DONE EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS 2192 2201 POTENTIALLY 2210 BEARISH RETRACEMENT TARGETS 2178 - DONE 2166 - DONE 2157 - DONE EMA5 CROSS AND LOCK BELOW 2157 WILL OPEN THE SWING RANGE SWING RANGE 2147 - 2137 EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2122- 2133 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
Navigating the Euro: Insights into Europe's Currency The euro, a symbol of European unity and economic strength, stands as one of the world's most widely used currencies. Amidst global economic fluctuations, the euro remains a cornerstone of stability within the Eurozone, fostering trade and investment across borders. As the second most traded currency in the world, the euro's influence extends beyond Europe, shaping international financial markets and policies. Despite challenges such as political uncertainties and diverging economic performances among member states, the euro continues to showcase resilience and adaptability. In an ever-changing financial landscape, understanding the dynamics of the euro is essential for investors and policymakers alike, as it plays a pivotal role in shaping the future of the global economy.
by LiLy_Happy
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, Once again our chart idea played out level to level once again! We had the 2184 target hit yesterday but ema5 failed to cross above and therefore as stated we got the drop into the highlighted retracement range followed with the perfect bounce into into 2178 , as already market up on the chart with arrows from Sunday. We have also updated our weighted level from 2166 to 2157, as it falls within the retracement range for a cross and lock to open swing range. Price has now found support at the retracement range for the bounce. Although we remain bullish and will continue to buy dips from support levels, we will need to now extend our range keeping in mind the potential opening of the swing range should 2157 lock. 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 2184 - DONE EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS 2192 2201 POTENTIALLY 2210 BEARISH RETRACEMENT TARGETS 2178 - DONE 2166 - DONE 2157 - DONE EMA5 CROSS AND LOCK BELOW 2157 WILL OPEN THE SWING RANGE SWING RANGE 2147 - 2137 EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2122- 2133 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 to set record high after CPI tomorrow? Gold inched higher on Monday, hovering near its all-time high after a remarkable rally last week. Now traders brace for U.S. inflation data that could offer insights into the Federal Reserve's stance on interest rates, and the direction for gold. Spot gold is currently trading around $2,181.47 per ounce, following a record peak of $2,194.99 on Friday, propelled by U.S. NFP market data that fueled expectations of a rate cut. Traders are currently factoring in a roughly 70% chance of an interest rate cut by June. The forthcoming inflation data holds significant weight, with the potential to sway the gold market's direction. Expectations are for annual inflation to remain unchanged from the previous month’s 3.1%. If the data comes in hotter than last month's report, it could pose challenges for the gold market and potentially lead to some near-term selling pressure. Conversely, softer data might propel gold to new highs in the short term. It's worth noting that the RSI indicates the gold market is currently extremely overbought.
BLACKBULL:XAUUSD
by BlackBull_Markets
gold buy confirm signal 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 price shot to a fresh record high on Friday after the US jobs report showed a spike in the unemployment rate and bolstered expectations that the Fed will start cutting rates in June. The momentum, however, stalled ahead of the $2,200 round-figure mark amid a late US Dollar bounce. GOLD NOW BUY 2180 TP1 2185 TP2 2190 TP3 2200 SL 2160
OANDA:XAUUSDShort
by Mark804
GOLD 1H ROUTE MAP & TRADING PLAN FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price break into the new range and playing between two structures 2184 resistance and support at 2166 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range We have a open target at 2184 and a ema5 cross and lock above 2184 will open the range above or failure to lock above 2184 will see price head towards the retracement range for a test. A retracement test to support at 2166 and a break and lock below this level will open the swing range. A cross and lock below the lower swing range at 2137 will open the structure support. However, support above here and we are likely to see a re-test of the levels above again. 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 2184 EMA5 CROSS AND LOCK ABOVE 2184 WILL OPEN THE FOLLOWING BULLISH TARGETS 2192 2201 POTENTIALLY 2210 BEARISH RETRACEMENT TARGETS 2178 2166 EMA5 CROSS AND LOCK BELOW 2166 WILL OPEN THE SWING RANGE SWING RANGE 2147 - 2137 EMA5 CROSS AND LOCK BELOW 2137 WILL OPEN THE STRUCTURE SUPPORT STRUCTURE SUPPORT 2122- 2133 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