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Goldtrend

💡 GOLD: Narrow the marginThe price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases: Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order; Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
TVC:GOLD
by Stone_Haven
Gold price quickly returned to the 2333x areaIn a latest interview with Kitco, strategist George Milling-Stanley stated that, despite the fact that gold is in a consolidation phase, the valuable metallic will probable quit the 12 months at a high. Although the Fed`s economic coverage has created a few short-time period promoting pressure, Milling-Stanley expects hobby costs and bond yields to stay secondary elements using valuable metals charge action. Meanwhile, more potent assisting elements for gold are significant financial institution call for and ongoing geopolitical instability. Looking on the technical chart, marketplace analyst Christopher Lewis of FX Empire additionally stated that the uptrend of gold continues to be there. Gold's present day barrier is 2,360 USD/ounce. If this threshold is broken, this valuable metallic will fast attain 2,four hundred USD/ounce.
TVC:GOLDLong
by TheLeader_WOLF
Entry to sell Gold today, risk of big decreaseAnalysts said that although gold recorded its second consecutive week of decline after a 5-week recovery streak, in general, investor sentiment still remains optimistic about the precious metal. According to analysts' opinions, the US Federal Reserve (Fed) is clearly expressing its view that it will no longer be tough in monetary policy from now until the end of 2024. Specifically, in a recent press conference Recently, Fed Chairman Jerome Powell made it clear that the US Central Bank has no intention of raising interest rates. In addition to monetary policy factors, experts also believe that the demand to buy gold from central banks is also one of the decisive factors pushing gold prices to a new record high. World Gold Council (WGC) global research director Juan Carlos Artigas said that gold has proven to be the most diverse financial instrument, which is why central banks continue to hold gold.
TVC:GOLDShort
by FalCol_TradingMaster
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.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD: 6/5 Today’s Analysis and StrategyDuring the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased. Although the employment data reinforced expectations that the Federal Reserve will start cutting interest rates this year, which should support non-yielding gold, it has instead prompted investors to move to riskier assets. Driven by the outbreak of tensions in the Middle East and strong central bank buying, gold prices hit a record high of $2,431 in April. Since then, the safe-haven gold has fallen 5.7%, or about $140. Investors will pay close attention to speeches from Federal Reserve officials this week, as well as the preliminary University of Michigan consumer confidence index for May to be released on Friday. In addition to speeches by Fed officials and U.S. economic data, investors will continue to pay close attention to developments in the Middle East. If tensions escalate, the resulting safe-haven buying will provide support for gold prices. Gold Friday's NFP reached the expected value and was significantly bullish. The volatility adjustment range was large, and roller coaster market trends occurred frequently. The daily line closes the negative cross line with a long lower shadow, the price maintains running below the MA10 daily moving average of 2314, the Bollinger Bands middle track is adjusted below, and the RSI indicator is adjusted on the central axis. The short-period four-hour moving average has not increased in volume or opened, the Bollinger Bands have shrunk, and the price has adjusted below the mid-track. The technical side of gold fluctuates and bears a bearish trend, the adjustment range gradually widens, and the long-short wide trend shows high-frequency conversions. The trading range adjustment is large! Asian market analysis 1H resistance is 2320, support below is 2293 4H resistance is 2326, support below is 2293 Daily resistance is 2326, support below is 2283/2267 Asian market strategy: BUY:2280~2283 SL:2272 SELL:2317~2320 SL:2325 Asian market strategy NY time is invalid NY Time Strategy Pre-Opening Update
OANDA:XAUUSDShort
by ActuaryJ
Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows. ⭐️ Personal comments NOVA: Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2277 - $2275 SL $2270 TP1: $2285 TP2: $2292 TP3: $2300 🔥SELL GOLD zone: $2325 - $2323 SL $2330 TP1: $2318 TP2: $2310 TP3: $2300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4
XAUUSD Shorts from 2340 down towards 2300My analysis for gold this week aims to sustain the short-term bearish trend it has initiated. I have identified two promising supply zones away from liquidity that could potentially provide favorable setups. If price retraces initially, I will consider buying from my 4-hour demand zone up to the supply, ensuring I capitalize on available opportunities. I'll wait for price to slow down and develop a Wyckoff distribution within the 1-hour supply zone. However, there's a possibility of price surging beyond it due to the existing imbalances above. This is because the supply zone I've identified at the extreme top is the most optimal. Additionally, there's still significant liquidity to the downside that must be addressed. Confluences for GOLD sells are as follows: - Price has caused a major shift in trend as well as a BOS to confirm this downside move. - Lots of liquidity left to get taken to the downside like Asia lows and trendlines etc. - Very clean supply away from liquidity on the 1-hourly as well as the 8-hourly - If price is still wanting to go up these are still key levels for retracements. - Gold has been very bullish and buyers are getting exhausted. - Price has also taken ATH's which is a major liquidity point for price to make a reversal. P.S. Given the ongoing war, gold tends to maintain its stability and continues to rise, being a robust commodity that doesn't always correlate with the dollar index. At present, I'm awaiting the activation of my points of interest (POIs) to initiate my strategy.
OANDA:XAUUSDShort
by Hassan_fx
Gold Monday Trading Strategy #XAUUSD Gold hit 2291 today and then rose to 2324. Combined with last week's trend and various data. I think gold is still very volatile. Combined with upper and lower price resistance levels. First trade in the 2280-2330 range I think if gold price pulls back. A few prices at which you can buy are: 2300-2204/2291-93/2278-2282 If prices continue to rise. Trading areas where selling can be attempted are: 2326-2329/2336-2339/2345-2347 Choose an appropriate trading range based on specific real-time prices I wish you all good luck with your trading. Trading trends change rapidly, and onlyreal-time analysis is the most accurate. The trading areas I gave you are very safe trading areas. Hope it can help everyone make money
FX:XAUUSD
by Analyst_Gold
How does the gold price work in the London market? Must see In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices. The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
TVC:GOLDShort
by AA_Jack
Gold is on a downward trend, short around 2313 Gold tested the downward trend line several times, but to no avail, and went short near 2313. At present, the K line is still unable to rise. Even if non-farm payrolls are good for gold, the price of gold cannot stabilize at 2320 and still cannot break through the downward trend line. This time it continues to be bearish. Gold is clearly showing a downward trend line, and its rebound highs continue to move lower. Every time the K line touches the trend line, it will be under heavy pressure. Obviously, there is strong resistance at this position, and the mouth of the Bollinger Band is in a parallel state, forming natural support and resistance. It is currently touching the upper track of the Bollinger Band, which means it has encountered resistance, so it is short position near 2313. Trading strategy: short gold 2313, stop loss 2320, target 2290
FXOPEN:XAUUSDShort
by cdfxcdfx
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,...
TVC:GOLDLong
by FalCol_TradingMaster
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.
OANDA:XAUUSDLong
by FalCol_TradingMaster
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.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Profited $69K this week, continue to short goldToday is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of SWB:69K in this week's trading. I am very satisfied with this trading result! I hope we can still shine in next week’s market! So what do you think of the gold market next week? The market is currently in a relatively obvious downward trend, with 2431 as the apex and 2418 as the sub-high. Since the retracement, the decline of gold has been significantly greater than the rebound. The negative candlesticks are obviously more than the positive candlesticks, and there are moves to reach new lows. In the short term, even if gold rebounds partially during the decline, it will fall back immediately after the rebound. The bulls have no counterattack. In the short term, the gold market is still controlled by the bears. Therefore, we will still focus on shorting gold in the next transactions, and the rebound of gold will give us the opportunity to short gold. In the short term, we will mainly focus on the resistance in the 2305-2310 area and the 2315-2320 area. The following will first focus on the support of the 2385-2380 area and the 2375-2370 area below. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Next week's rebound will continue to be bearish, and gold's decl Perseverance without direction and purpose is futile. Many things require us to have a clear direction and purpose, and then perseverance will make sense. In daily trading, we need to have the right direction, and then work hard to stick to it, and success will be within reach. The 4-hour moving average of gold is still in a short position. Now the resistance of the moving average has moved down to around 2317. The resistance near 2317 will continue to dry up next week. The 4-hour double top of gold continues to suppress the rise of gold. Gold's non-agricultural gains on Friday still surged higher and fell, and then fell sharply. Gold bulls were still unable to recover, and gold shorts were still better. Next week's rebound will continue to be short-selling at resistance near 2317. We're on a 25-game winning streak, if you like my analysis, please let me know
FXOPEN:XAUUSDShort
by cdfxcdfx
2
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024 🔥 World situation: Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely. 🔥 Identify: During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN trend 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2347, $2400 Support : $2272, $2237, $2205 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
8
The trend of gold is clear, just wait for it to hit a low and th The positive support showed a strong rise, but the lack of momentum did not continue. It retreated from the high and re-examined the support. It stabilized and turned upward to maintain the range. ​ The Federal Reserve kept the current interest rates unchanged, and the overall tone is dovish, pushing the price of gold to rise further. It seems that the technical adjustment is in place, but in fact there is a lot of pressure on the upward trend. ​ At this week's Federal Reserve meeting, Powell said that if the labor market shows signs of softening, the Fed can turn its attention away from inflation and consider cutting interest rates. Judging from the current data, available job vacancies in the United States fell to 8.488 million from 8.81 million in February, which is the lowest level in nearly three years. ​ The turnover rate unexpectedly plummeted by 198,000 to 3.329 million, the largest monthly drop since June last year, and the voluntary turnover rate fell to 2.1%, the lowest level in the past four years. ​ A higher number of voluntary separations indicates a tighter labor market, and vice versa. Judging from recent data, the number of people leaving their jobs has dropped significantly, which shows that people are less confident in finding or changing jobs in the current market. ​ Under this circumstance, today's market will usher in the U.S. non-farm payroll employment in April. The current market expectation is 243,000, lower than the previous value of 303,000. The unemployment rate remains at 3.8%, of which the unemployment rate is the focus. of. ​ Last month's non-farm payrolls data showed strong performance. The price of gold stabilized after only a brief decline, and then made a strong breakthrough. Whether today will show a similar trend to the last non-farm payrolls, no one is sure, even if this time it is The data is negative for gold prices, and the room for decline is limited. After all, the upward trend is intact and will continue. ​ The price of gold is currently running above the US$2,300 mark. It has maintained a consolidation trend so far in early trading. Neither the longs nor the shorts have the potential to break through. It is expected that they will have to wait for evening data guidance. ​ In the short term, the gold price will support the $2283-2281 area below, with further support at $2270, and the primary resistance above at $2308. It can extend and rise again after breaking through, and further can see $2330. My personal initial plan is to maintain a low-long trade. , if the price can close above US$2,330 this week, there is a high probability that it will continue to rise, gradually looking at US$2,350, and US$2,400.
FXOPEN:XAUUSDLong
by cdfxcdfx