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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
XAUUSD: 3/5 Today’s Market Analysis and StrategyIn the Asian market on Friday, gold traded sideways at the important 2300 mark; on Thursday, the price of gold staged a rebound of over US$20 during the NY session. The U.S. dollar index fell sharply from its intraday high of 105.90, which provided gold prices with rebound momentum. In addition, tensions in the Middle East also attracted some safe-haven buying. Benchmark 10-year Treasury yields erased daily losses after the U.S. data, sending gold prices lower ahead of Friday's U.S. jobs data. Gold prices held firm at the 2,300 mark during the North American session on Thursday amid upbeat market sentiment, falling U.S. Treasury yields and a weaker dollar. Traders are still digesting comments from Federal Reserve Chairman Jerome Powell on Wednesday and the U.S. central bank's decision to keep interest rates on hold. At the same time, data showed that the U.S. trade deficit narrowed slightly and the labor market remained tight. Market participants expect the Fed to take a tougher stance but remain neutral. The central bank issued a neutral monetary policy statement and announced that it would slow down the pace of its quantitative tightening (QT) program. Investors are beginning to focus on preparations for the U.S. non-farm payrolls report for April on Friday. The market expects that the U.S. will add 243,000 new jobs in April. Although it is not as good as the 303,000 jobs in March, the increase is still large. Average earnings are expected to rise 0.3%, the same as March's gain, according to a survey. Technical Gold first fell and then rose on Thursday, basically falling back to its starting point on Wednesday. Although it did not go unilaterally, it was overall weak. US gold rose at the support point of the 2285-day Bollinger Band, with a maximum around 2309. Recovered some of the falling space. Judging from the current closing line, gold tends to fluctuate in the H4 cycle. The daily rise will still take time or require the impact of non-agricultural data. The range that can be seen in Asia and Europe is 2315~2295. The US market is optimistic about gold rising under the influence of non-agricultural data. , above the high of 2340. Asian market analysis 1H resistance is 2310, support below is 2296 4H resistance is 2326, support below is 2285 Daily resistance is 2347, support below is 2267 ✅Asian market strategy: BUY:2285~2288 SL:2276 SELL:2318~2324 SL:2328 Asian market strategy NY time is invalid
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD: 1/5 Today’s Market Analysis and StrategyThe price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued to rise for the third consecutive month. In addition, the U.S. benchmark 10-year Treasury bond yield also rose, weakening the investment appeal of international gold. As U.S. data showed rising employment costs, indicating continued inflationary pressures, gold prices fell sharply below the 2,300 mark. The Fed needs to be patient when cutting interest rates, as Fed Chairman Jerome Powell said two weeks ago. A stronger U.S. dollar and rising U.S. Treasury yields caused gold prices to fall as markets expected the Federal Reserve to cautiously adjust interest rates. In addition to the Fed's interest rate decision and Fed Chairman Powell's speech, this trading day will also release US ADP employment data for April and US ISM manufacturing PMI data for April, which investors need to pay close attention to. Technically, gold is operating with a bearish structure, and the day-to-day rebound is dominated by high-altitude layout participation. Asian market analysis 1H resistance is 2296, support below is 2278 4H resistance is 2305, support below is 2266 Daily resistance is 2313, support below is 2253 ✅Asian market strategy: BUY:2273~2275 SL:2265 SELL:2298~2300 SL:2310 Asian market strategy NY time is invalid
OANDA:XAUUSDShort
by ActuaryJ
1
GOLD XAUUSD Bearish Robbery Plan in gold mineDear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. If the market break the Dynamic support trend will continue to go down we can continue our heist plan to next target level. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
OANDA:XAUUSDShort
by Thief_Trader
Gold Daily Primed for A Move Lower with Break of ConsolidationGold, Daily - Indicators with Fibs Overlay: Let's assume that the long extension will fail as a result of the Daily short that has traded. This target is 2260.15 . . . we have intraday fibs that take us to nearly that level. We have been ranging just above support for the past 4 days, which does lead me to think that eventually the trend may be down on the daily . . . but, we just need to break it an hold at levels down below 2292. I am looking for this support to break as the Bollinger Band turns down and the price action takes us below the Bollinger Bands on the daily time frame for the first time in a couple of months. So, I would wanto be a seller above 2300 . . . Our swings of 2340 and 2326 are doing well. . . I don't think the are in any danger at this time. However, any short under 2324 could be subject to a run up and a take out . . . If we do get a move back to that level, I would be looking to put more shorts on . . . One other note: Another down day or two and this slow stochastics could become "embedded" and locked-in on the downside . . . that would help us break out of the consolidation and move swiftly towards the downside.
OANDA:XAUUSDShort
by CeresTrader
Gold Retracement to Pick Up Steam and Head SouthGold, Weekly - Indicators with Fibs Overlay: There is the risk of an extension long up here if gold can find support above 2257.36 . . . the issue is that our fibs on the intraday are bearish and we keep going down. But, if bulls find support, the upside of this extension is 2500. But, currently, we are bearish and I suspect that we will take some time to trade down into the weekly bull fibs, 2048-2194 . . . that is my preferred scenario. That would also be part of the series of longs, the first one trading in Oct 23 as a result of the late 22-early 23 spike that saw gold trade it's long in our golden 50-61.8% zone in Oct of 23 at 1800. It is usually a bad idea to buy above the Weekly Bollinger Band. Anybody who bought in the prior three weeks and held are now underwater. We have also fallen below the 5 week SMA and about to lose the embedded status of the slow stochastic with a decline next week. The 20Week SMA, Yellow Line and Midpoint of the Bollinger Band, at 2150 is a really good target. That 20Week SMA was also support that we bounced from earlier this year to get the bull move going. My bias does remain lower, though we will have occasional violent bursts higher into resistance.
OANDA:XAUUSDShort
by CeresTrader
Gold price in SIDEWAY price range! $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as well as the central bank's decision to keep rates unchanged. Additionally, recent data reveals a slight decrease in the US trade deficit and a tight labor market. The XAU/USD is currently trading at $2,305, reflecting a 0.60% decrease. Expectations of a more hawkish stance from the Fed were not met, as they maintained a neutral position. The central bank also announced a reduction in the pace of its Quantitative Tightening (QT) program. ⭐️ Personal comments NOVA: Gold price in the SIDEWAY price range, the range ranges from $2260 - $2330, is still trending DOWN more. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2268- $2266 SL $2260 TP1: $2275 TP2: $2290 TP3: $2300 🔥SELL GOLD zone: $2334 - $2336 SL $2340 TP1: $2325 TP2: $2310 TP3: $2290 ⭐️ 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
Yen Wobbles, Gold Gleams: A Stirring in Global Currency MarketsThe foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength, dipped, impacting the price of gold, which became more attractive to some buyers. The Yen's Woes: Intervention or Market Forces? The Japanese yen has been on a depreciating streak recently, driven by a widening gap between Japanese and US interest rates. Japan's central bank, the Bank of Japan (BOJ), maintains an ultra-loose monetary policy with near-zero interest rates, while the US Federal Reserve is signaling a more hawkish stance with potential interest rate hikes on the horizon. This disparity makes yen-denominated assets less appealing to investors seeking higher returns, pushing the yen's value down. The recent rumors of intervention suggest that Japanese authorities are concerned about the rapid depreciation of the yen. A weaker yen can be a double-edged sword. While it makes Japanese exports more competitive in the global marketplace, it also pushes up the cost of imported goods, leading to potential inflationary pressures within Japan. Intervention's Effectiveness: A Double-Edged Sword Currency intervention involves a central bank buying or selling its own currency to influence its exchange rate. In this case, buying yen would aim to strengthen it against the dollar. However, the effectiveness of such interventions depends on various factors. • Market Sentiment: If the market heavily anticipates further depreciation, a one-time intervention might have a limited impact. The BOJ would need to signal a sustained commitment to supporting the yen for a more significant effect. • Ammunition: Intervention requires significant financial resources. The BOJ's foreign exchange reserves would play a crucial role in its ability to sustain intervention efforts. The Greenback's Sway: DXY Dips, Gold Gleams The US Dollar Index (DXY) gauges the value of the US dollar relative to a basket of major currencies, including the euro (EUR), the Japanese yen (JPY), the British pound (GBP), and others. This week's dip in the DXY indicates a weakening of the US dollar against this basket of currencies. This can be attributed to several factors, including: • Profit-taking: After a period of strength, some investors might be taking profits from their dollar-denominated holdings. • Global Risk Aversion: Increased global uncertainty due to geopolitical tensions or economic concerns can lead investors to seek haven currencies, potentially weakening the dollar. Gold's Allure: A Beneficiary of a Weaker Dollar Gold is often perceived as a safe-haven asset during times of market volatility or economic uncertainty. When the US dollar weakens, gold becomes cheaper for buyers holding other currencies. This week's dip in the DXY could be contributing to some increased interest in gold. However, gold's price is influenced by various factors beyond the dollar's strength. Interest rates, inflation, and investor sentiment all play a role. Looking Ahead: A Dynamic Landscape The global currency market remains a dynamic environment, and the events of this week highlight how various factors can interact and influence exchange rates. The future direction of the yen and the DXY will depend on a combination of economic data releases, central bank actions, and broader market sentiment. Here are some key factors to watch in the coming days: • BOJ Policy Statements: Any signals from the BOJ regarding potential adjustments to its monetary policy could impact the yen's valuation. • US Economic Data: Upcoming US jobs reports and inflation data can influence the Federal Reserve's monetary policy decisions, potentially impacting the DXY. • Geopolitical Developments: Global events with significant economic implications can trigger market volatility and impact currency valuations. By staying informed about these developments, market participants can make informed decisions about their currency positions and potentially take advantage of market opportunities.
Long
by bryandowningqln