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Goldtradingsetup

Analysis of gold price trend on TuesdayIn the early Asian session on Tuesday, gold fluctuated in a narrow range and is currently around 2368. Gold fell more than 1% on Monday, basically giving up all the gains on Friday, as stock market risks rebounded and investors took profits after the previous trading day's surge in expectations that the Federal Reserve might cut interest rates in September! However, the geopolitical situation remains tense, and the market's expectations for the Federal Reserve's September rate cut are gradually heating up. It is expected that bargain hunting will provide support for gold prices, and gold prices still have a chance to test the resistance near the 2400 mark in the future. The unexpected result of the French election provided the dollar with an opportunity to rebound, but it remained weak overall after Friday's U.S. jobs data boosted bets that the Federal Reserve will soon start cutting interest rates. In addition, China, the largest consumer of gold, did not buy gold for the second consecutive month in June this year, which was also a major factor in the sharp drop in gold prices. The Nasdaq and S&P 500 indexes of the U.S. stock market hit record highs at one point, and the Dow Jones Industrial Average hit its highest level in more than a month. The market currently expects a 71% probability of the Federal Reserve cutting interest rates in both September and December. Investors this week will focus on Fed Chairman Powell's semi-annual congressional testimony, a series of speeches by Fed officials, and U.S. inflation data to be released on Thursday. Gold daily line alternates between long and short cycles and falls into wide fluctuations. Gold gave up Friday's non-agricultural gains and experienced a technical correction. The daily line once again showed a red-green alternation cycle and fell into fluctuations. The MA7 daily moving average retreated to 2350 and stopped rebounding. The RSI indicator was above the central axis. The price on the four-hour chart retreated to the middle track of the 26-cycle Bollinger band, and the RSI indicator adjusted its central axis. Gold technical side alternates between long and short moves, and the downward adjustment depth and strength are not small. The main long trading idea is maintained at a relatively low level, and the high-altitude auxiliary. The overall trading shock treatment range is 2350/2390! Asian trading strategy: Short-term gold 2350-2352 long, stop loss 2341, target 2370-2380; Short-term gold 2367-2370 short, stop loss 2378, target 2350-2360; Note: The above strategy was updated on July 9. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia
XAUUSD:2365 select Sell. Target 2352-2340From the overall trend of gold prices in recent times, it is a trend of rising first and then falling back. The daily line forms a downward signal of dark cloud covering the top, and the short-term bullish trend has come to an end. At the same time, it rebounded after falling to the second support level of 2352 yesterday, and now it is around 2365. After breaking through yesterday, the 2365 line has turned from support to resistance. Therefore, we need to adjust our strategy and flexibly respond to the next gold price changes. In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
OANDA:XAUUSDShort
by TX-7
Gold pullback - trading entry for todayGold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of 2,four hundred USD/ounce and probable better. The deceleration and consolidation in advance of this degree indicates bullish hobby in in addition growth. According to this view, the chance of gold charges will upward push better withinside the close to destiny primarily based totally on marketplace expectancies that americaA Federal Reserve (Fed) will reduce hobby prices. CME`s Fedwatch device indicates hobby prices will fall in September and will fall in addition in November and December, which might gain gold. This week, marketplace interest is targeted on Fed Chairman Jerome Powell's congressional testimony, feedback from numerous Fed officers and US inflation data. According to senior analyst Matt Simpson City Index, a vulnerable inflation record coupled with Mr. Powell's dovish tone can be the correct catalyst for gold to attain new highs. Short-time period stages to consider: Resistance stages: 2400, 2422 Critical assist degree: 2350 In summary, gold's short-time period outlook is positive, primarily based totally on strong technical elements along with a long-time period uptrend, supported with the aid of using EMA and a growing fee channel. If gold charges keep above the $2,350/ounce assist degree, there may be a excessive opportunity that the fee will hold to upward push and head in the direction of the $2,four hundred/ounce resistance degree or better. However, buyers have to observe that the gold marketplace continues to be substantially stimulated with the aid of using macroeconomic elements and geopolitical occasions that would opposite modern-day moves.
TVC:GOLDLong
by Chart_MasterPro
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart tracking, as analysed. As stated yesterday we are seeing price test 2390 Goldturn and will need to see ema5 lock above to open the levels above or a failure to lock will follow with a rejection. - No lock confirmed the rejection into the 2378 weighted level, followed with a cross and lock below 2378 opening the retracement range. This was hit perfectly with price now in the retracement range, which is giving the calibrated 40 pips bounce, as analysed and shared part of our plans. We will now need ema5 to lock below this level to open the swing range or a failure to lock below will see a re-test on the Goldturns above. 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. EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET 2403 EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET 2414 2425 BEARISH TARGETS 2378 - DONE EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2364 - DONE 2355 - DONE EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE SWING RANGE 2333 - 2322 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
XAU/USD 08 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has been fairly erratic printing small range bullish iBOS' followed by small range IBOS'. Whilst range sizes are smaller than previous iBOS' and could be open to interpretation with reference to recent price action, I will keep the process mechanical. Price is currently trading between an internal high and fractal low. Bullish CHoCH lined is denoted with the blue dotted line, which is positioned close to M15 supply zone. Intraday expectation: Price to continue bearish, which would reposition CHoCH closer to current price action. Bearish iBOS has been printed, therefore, a pullback will be required to either premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test 2390 Goldturn between two weighted level range. We have 2390 Goldturn resistance and 2378 Goldturn support weighted levels. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We will need ema5 to lock above 2390 to confirm the range above. We also have 2378, 2364 and 2355, as the retracement area and will need ema5 lock below this to 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. EMA5 CROSS AND LOCK ABOVE 2390 WILL OPEN THE FOLLOWING BULLISH TARGET 2403 EMA5 CROSS AND LOCK ABOVE 2403 WILL OPEN THE FOLLOWING BULLISH TARGET 2414 2425 BEARISH TARGETS 2378 EMA5 CROSS AND LOCK BELOW 2378 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2364 2355 EMA5 CROSS AND LOCK BELOW 2355 WILL OPEN THE SWING RANGE SWING RANGE 2333 - 2322 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
19
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2397 Goldturn resistance and 2385 and 2376 as Goldturn support levels with 2397, as weighted resistance and 2376, as weighted support. We will see levels within this range tested side by side until one of the weighted levels break to confirm direction for the next range. We have 2397 open gap and will need ema5 to lock above 2397 to confirm the range above. We also have 2376 as the weighted support area and will need ema5 lock below this level to open the retracement range below. 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 2397 EMA5 CROSS AND LOCK ABOVE 2397 WILL OPEN THE FOLLOWING BULLISH TARGET 2416 EMA5 CROSS AND LOCK ABOVE 2416 WILL OPEN THE FOLLOWING BULLISH TARGET 2425 2437 BEARISH TARGETS 2385 2376 EMA5 CROSS AND LOCK BELOW 2376 WILL OPEN THE FOLLOWING BEARISH TARGETS BEARISH TARGETS 2360 2346 EMA5 CROSS AND LOCK BELOW 2346 WILL OPEN THE SWING RANGE SWING RANGE 2316 - 2302 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD DAILY CHART UPDATE Hey Everyone, Please see update on our daily chart structure. Last week we stated that we will continue to see price play between 2355 and 2309 until we see a lock confirmation for the next range. - We now have a cross and lock above 2355 leaving a gap to 2405. We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation. 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 levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAP Hey Everyone, Please see update on our mid to longer term weekly chart idea. Last week we advised that the channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom. - This played out perfectly allowing us to use our smaller timeframe to buy dips and now seeing price head towards the channel top with a long range/term target at 2434 above the channel and 2505 long range axis target. We will also keep in mind the potential for temporary short term resistance at the channel top. The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
XAUUSD: 3/7 Today's Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340-70, support below 2319-2277 Gold operation suggestions: Yesterday, the technical side of gold continued to fluctuate in a narrow range. The price of the Asian and European sessions was under pressure at the 2332 mark and quickly fell back and fell, reaching 2319 and stabilizing and rebounding. The gold price in the US session quickly rose and was under pressure at the 2336 mark and fell back and closed. The overall price continued to fluctuate around the 2318 mark support and the 2336-40 area, and there was not much continuity between the long and short positions. From the perspective of the 4-hour gold trend, today's lower support continues to focus on the vicinity of 2315-2318, and the upper pressure focuses on the 2370 mark. Continue to rely on this range to sell high and buy low during the day. SELL: 2370near SL: 2373 BUY: 2318near SL: 2315 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
GOLD - rising after weak economic data🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the opportunity of loosening economic coverage this 12 months and that may be a high-quality sign for gold. Data launched withinside the center of this week confirmed that the wide variety of packages for unemployment advantages multiplied, the wide variety of jobs withinside the personal quarter multiplied through most effective 150,000, tons decrease than forecast. 🟢Currently, the marketplace is watching for non-farm payroll statistics. This file can have a massive effect on gold expenses withinside the future. If gold falls after the file, traders have to see it as a shopping for possibility because the treasured metallic is on an uptrend and will reach $2,four hundred an oz. or greater pushed through sturdy demand. from principal banks and shelter-in-location shopping for because of issues approximately geopolitical tensions.
TVC:GOLDLong
by Chart_MasterPro
Analysis of gold price trend on ThursdayGold fluctuated in a narrow range in the Asian market on Thursday, currently around 2358. Gold prices rose by more than 1% on Wednesday, hitting a nearly two-week high of 2364 during the session, as recent US data showed a weak labor market, the Fed's meeting minutes were dovish, the market's bets on the Fed's September rate cut increased, and the US dollar index fell sharply to a nearly three-week low. In addition, the situation in the Middle East has become tense again, and the resulting safe-haven buying has pushed gold higher. Another report showed that the US service industry shrank last month, which also put pressure on the US dollar and benefited the gold price trend. The US ISM non-manufacturing index fell sharply to 48.8 in June, the lowest level since May 2020, indicating a contraction in the service industry. Currently, the market believes that the probability of the Federal Reserve cutting interest rates in September is 74%. This trading day is the US Independence Day holiday, the US market is closed, and the US economic data has been released in advance on Wednesday, and market trading volume may be limited. Investors now look forward to the NFP employment report released on Friday to further clarify the path of US interest rate cuts. It is not surprising that the center of gravity of the gold bottom consolidation range moves up to accumulate bullish momentum. Yesterday, we thought that the range divergence would continue to be maintained, but the price directly broke the expectation a little. The daily K line directly rose unilaterally and ended strongly at a high level. The price will continue to challenge the upper resistance. The bulls of large and small cycles are all in the same direction. Gold broke through the box and oscillated in 1 hour. Gold did not fall back quickly after the breakthrough. Gold has stabilized above the box. The decline of gold is an opportunity to go long. Gold fell back to the 2353 line in the US market last night to form support. Gold fell back to the 2353 support in the early trading and stabilized, so you can continue to go long. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2378-2380 short, stop loss 2389, target 2350-2360; Note: The above strategy was updated on July 4. This strategy is an Asian trading strategy, please pay attention to the validity period of the strategy. NY time strategy is waiting for update
OANDA:XAUUSDLong
by GenevieveJulia
Analysis of gold price trend on WednesdayIn the Asian market on Wednesday, spot gold fluctuated in a narrow range and is currently trading around 2335. Gold prices fluctuated slightly down 0.11% on Tuesday. Strong U.S. job vacancy data put pressure on gold prices, but Fed Chairman Powell's speech was dovish, and the dollar and U.S. bond yields fell, providing support for gold prices. Of course, international gold showed an overall volatile trend, and most investors began to wait for U.S. employment data later this week to provide more clues to interest rate cuts. The benchmark 10-year U.S. Treasury yield hit a one-month high on Monday and remained high on Tuesday, resulting in a decline in the attractiveness of non-yielding international gold prices. Market analysis The rise was caused by safe-haven demand driven by geopolitical and economic uncertainties and continued purchases by central banks (a critical demand category). Because July 4 is the U.S. Independence Day holiday, the market will be closed early on this trading day, which may slightly limit trading space, and investors need to pay attention. The minutes of the Federal Reserve meeting will be released on this trading day, and investors need to pay close attention to them. In addition, the U.S. ADP employment data for June, the U.S. ISM non-manufacturing PMI for June and the U.S. factory orders monthly rate for May will be released on this trading day, and investors need to pay attention to them. In addition, it is necessary to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Technical side Gold bulls and bears are in a fierce battle, and both bulls and bears have opportunities. Therefore, for intraday operations, on the one hand, pay attention to the continuation of the rectangular oscillation, and on the other hand, pay attention to the cycle of time. If gold does not perform strongly at 2337~2340, continue to look at the retracement and downward test of 2318. If it continues to fall and still gets support at 2318, then there is still a chance for a rebound test at 2338-39 in the European session. If the rectangular oscillation range is not broken, no matter it is falling or rising, do not chase it; mainly sell high and buy low! Asian trading strategy: Short-term gold 2319-2321 long, stop loss 2312, target 2335-2345; Short-term gold 2337-2339 short, stop loss 2348, target 2320-2310; Note: The above strategy was updated on July 3. This strategy is an Asian market strategy. Please pay attention to the validity period of the strategy release.
OANDA:XAUUSD
by GenevieveJulia
Gold short entry 2660.00 - 2365.00XAUUSD ( Update..! ) Intraday Sell setup short GOLD SELL LIMIT AT 2360.00 - 2365.00 TAKE PROFIT 1 : 2350 TAKE PROFIT 2 : 2340 TAKE PROFIT 3 : 2335 STOP LOSS 2374 When hitting targets ; Set Break-Even after first target. Partial close at minimum 40-50 pips. Implement minimum 2 layers in the zone Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital.
OANDA:XAUUSDShort
by chamitha45
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
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OANDA:XAUGBPLong
by Thief_Trader
This time it is a decline. The gold price will test around 2300 MCX:GOLD1! COMEX:GC1! OANDA:XAUUSD NYMEX:WTI1! BINANCE:BTCUSDT BYBIT:BTCUSDT.P TVC:DXY NYMEX:MCL1! I believe many people still don't know how to trade gold. In fact, in terms of operation. The short-term pressure position of gold, 2332-2338, has always been a heavy pressure position. It is not difficult to see from the chart that the pressure is very high. Observe the overall trend. At present, gold is still showing a downward trend, and every sharp rise is based on major news. So what if there is no news support? We need to judge based on the trend and then make the right transaction. I think the gold price will continue to fall today. The current position is around 2330. It is a good selling point. I think the space below will test the low again. If you like to trade gold but don’t analyze the market or trade independently. You can refer to my instructions. This is just a signal. If you want to expand profits or recover losses in a long-term and stable manner. Join the guidance class. You will have different gains. Stay tuned.
TVC:GOLDShort
by NelsonPenn
Analysis of gold price trend on TuesdaySpot gold is currently trading around 2330 in early Asian trading on Tuesday. Gold prices rose 0.23% on Monday, and the US June ISM manufacturing PMI data was worse than market expectations, which also provided upward momentum for gold. The market focus turned to the US NFP data to be released later this week, which may provide more clues for the Fed's interest rate cut. U.S. manufacturing shrank for the third straight month in June, and a measure of factory input prices fell to a six-month low due to weak demand for goods, suggesting that inflation may continue to recede. This week, the market focuses on a speech by Federal Reserve Chairman Powell on Tuesday, the minutes of the central bank's latest policy meeting on Wednesday, and U.S. non-farm payrolls on Friday. U.S. markets will be closed on Thursday. Powell is likely to stick to his data-dependent stance, so gold prices could rise again if U.S. NFP data is weak later this week. The market currently expects a 64% chance of a rate cut by the Federal Reserve in September and another in December. Lower interest rates can reduce the cost of holding gold. In addition, geopolitical concerns and concerns about the uncertainty of the French election situation also provide some support for gold prices. The battle between long and short gold is hard to separate, and both long and short gold have opportunities. Yesterday, the gold price continued to pull around the 2320/2340 range repeatedly, and the daily line rose slightly, continuing to close around the long and short red and green alternately. The technical short-term four-hour chart and hourly chart are not very weak. The price basically maintains the upper and middle track of the Bollinger band and continues to adjust. The RSI indicator continues to run above the middle axis. The technical side continues to maintain the range operation and fluctuate. Before breaking the range, keep the idea of ​​selling high and buying low to participate. Asian trading strategy: Short-term gold 2318-2320 long, stop loss 2311, target 2335-2345; Short-term gold 2338-2340 short, stop loss 2349, target 2320-2310;
OANDA:XAUUSDShort
by GenevieveJulia
Transaction entry passed My market review. USD: - The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED). - If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates. - In addition, if JOLTs data is weaker than expected and Mr. Powell is concerned about the economy, the USD may decline due to expectations of loose monetary policy. . World gold price: - Gold prices often fluctuate due in part to the impact of the USD and are considered a safe asset amid economic concerns. - If the statements of Mr. Powell and Ms. Lagarde show concerns about the economic situation, gold prices may increase as investors look for safe assets. - However, if the market is optimistic about the economy and expects higher interest rates, gold prices may come under downward pressure.
TVC:GOLDShort
by Chart_MasterPro