GOLD-analyze
The dollar continued to rise, reaching its highest level in more than four months, hitting as high as 105.07 on Monday, its highest level since November 15, making gold more expensive for holders of other currencies, while the 10-year U.S. Treasury yield also rose. The U.S. economic data is relatively stronger than that of other developed economies, and after the U.S. ISM manufacturing PMI data was released in March, market expectations for the Federal Reserve to cut interest rates in June weakened again. On Tuesday, you need to pay attention to the monthly rate of U.S. factory orders and U.S. JOLTs job vacancies in February. Pay attention to the speeches of New York Fed President Williams, Cleveland Fed President Mester, and San Francisco Fed President Daly. Pay attention to changes in the market's expectations for the Federal Reserve to cut interest rates. Performance of the U.S. Dollar and U.S. Treasury Yields
Yesterday, gold began to fall sharply at a high of 2265, reaching a minimum of 2228. Under the upward trend, gold is now back near 2255 again
So currently we can see that 2228-2234 is the first support range, 2220-2222 is the strong and weak support range, and the small shock range is 2265-2228
I think you can choose to sell above 2260, SL: 2267, or wait for the first support range and the strong and weak support range to buy
Reasonably control your positions and carry out small lots, so that your success rate will be greatly increased.
Join me, I will conduct analysis every day, let us make profits together
Goldtrend
Gold next target? check forecast We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2258 or 2265.
May then continue to go down and meet our targets of 2234 and 2188.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2268.00
📉 And our support levels are set at:
- 2234.00
- 2188.00
Stay tuned for further updates and trade smartly! 📊
Gold price approaches $2,300 price expectation⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has surged to record highs of nearly $2,250 per troy ounce in the early Asian session on Monday. This increase is driven by several factors, including the anticipation of a shift in monetary policy by the Federal Reserve (Fed) in the second half of 2024, ongoing geopolitical tensions in the Middle East, and hopes for China's economic recovery.
The possibility of central banks implementing looser monetary policies could further drive up the price of gold. Currently, financial markets have factored in a 68.5% chance of a quarter-point interest rate cut by the US Fed before June, according to the CME Fedwatch Tool. Fed Chairman Jerome Powell affirmed on Friday that the recent inflation data in the US aligns with their expectations, maintaining their stance on potential interest rate cuts this year. It is important to note that lower interest rates could make gold a more attractive investment since it doesn't generate interest.
⭐️ Personal comments NOVA:
The FOMO from the market is huge, the new peak of Gold is gradually reaching $2300 according to experts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2236 - $2234 SL $2230
TP1: $2242
TP2: $2255
TP3: $2267
🔥SELL GOLD zone: $2265 - $2267 SL $2272
TP1: $2260
TP2: $2250
TP3: $2236
⭐️ 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
XAUUSD:Short, support 2212-2196
On the last trading day before the holiday, the market was stimulated by the news and rose strongly, reaching a record high. A big positive line in the 1D chart turned the MACD dead cross pattern into a golden cross, and the trend turned to long.
However, judging from past trading experience, there is a high probability that there will be a period of correction after the new high, so in the week after the holiday, my trading focus will be short positions.
Currently, the important support is 2212-2196
In addition, there will be NFP data in the new week, which is the most important data after big news and the focus of trading every month. I will share my trading strategy at that time. Friends who want to follow trading, please prepare in advance.
Is it okay to short gold now? Caution in a high positionGold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready?
Gold has directly risen by about 30 US dollars. If it rises higher, it will inevitably fall back. Look below 2230. Are you ready?
The golden hourly line K-line deviates far from the moving average, and the K-line will inevitably return to the moving average.
Gold next move? check analysis 📣Hello Mates!
We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2255 or 2265.
May then continue to go down and meet our targets of 2223 and 2190.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2266.00
📉 And our support levels are set at:
- 2223.00
- 2190.00
Stay tuned for further updates and trade smartly! 📊
#GOLD... at his current support ? Holding or not ?#GOLD... market very smoothly placed 2260 plus day high ..
And perfectly followed our video analysis..
Now according to hour chart we have 2258 59 as our fresh supporting area ...
Keep close it because if market hold it then again further bounce expected from here ..
Only invalid below 2258
Good luck
Trade wisely
GOLD - analysis first day of April 2024#GOLD.. market closed his first quarter of the year 2024 and monthly candle with a bulish healthy candles of quarter and monthly, weekly as well.
In current situation we have ,2227 to 2230 as a supporting area for now and for Tuesday as well,
Keep close that supporting area because if market hold it then further bounce expected from here.
Good luck
Trade wisely
GOLD - Still bullish ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the 1H imbalance lower and then rejects from bullish order block around 2200.
Fundamental news: Next week on Friday we have NFP and Unemployment Rate in USA, news with high impact on USD.
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Gold continues to be long and profitable, next week?Looking at the daily chart, after gold bottomed out at 2163, the price continued to rise. It broke through and rose sharply on Friday, with an increase of 50 US dollars on the day. The daily chart also closed with a real giant sun. This form also laid the foundation for the bull market in the first half of the year. , the market outlook continues to be optimistic about the performance of bulls. On 4 hours, after gold broke through the pressure of 2200, it closed 5 real big positive lines in a row, and drove the upper track to open upward. Each moving average system diverges upward, and bulls are extremely strong.
How will gold trend next week?
From a technical point of view, the bottom of the gold price continues to rise, the moving average is running in the same bullish arrangement, and the first support level of the moving average is at the 2202 line and the 2200 line platform support is close, the support is obvious
In the future market layout, the gold price once again fell back to the multi-position layout of multiple positions, and as long as it does not fall below the 2200 line, the fallback is an opportunity to go long. I will prompt you with specific operating strategies during the trading session next week, so pay attention in time.
Golds next signals to watch.We are now in the premium price of gold and at all new highs. With no history levels to go off or much structure in there's new zones this is what we have to look for next week. Remember due to world events, oil tentions, high interest rates and more. GOLD is long term bullish. Ideally your looking for best buy opportunities. Gold is approaching the top of its current uptrend channel. We looking currently at the 2246 area once trading begins again Sunday. Sells should be seen from here. Or looking at the 15 min time frame. After a clean break and retest of the level 2216.86. Seen below
The next best buy opportunity and strong poi, would be at our next order block and fair value gap. This area homes our pervious 2200 resistance that Should turn support now we have finally closed above this level. Along with a 4 hr tend line in this area to. A break and retest of this trend line would indicate Sales down to 2156 also a demand area.
Expectations of Fed rate cut rise, gold retreats1: Investors are anxiously awaiting data to be released later this week to gain insight into potential inflation trends and provide a strong basis for judging the timing of interest rate cuts. At the same time, market expectations for an interest rate cut by the U.S. Federal Reserve are growing, coupled with the strength of U.S. gold . Market focus will be on Friday's release of the U.S. core personal consumption expenditures price index. The data will reveal the latest developments in inflation and have an important impact on the Fed's monetary policy decisions.
2: Market concerns mainly come from the uncertainty of global oil supply. Ongoing Ukrainian attacks on Russian refineries have heightened geopolitical tensions and put additional pressure on oil markets. In addition, Commerzbank commodity strategist Barbara Lambrecht pointed out that as the U.S. sanctions exemption on Venezuela is about to expire, Indian refiners have stopped buying crude oil from Venezuela, which further exacerbates supply instability. Overall, while the oil futures market showed some consolidation on Tuesday, market participants remain concerned about the global supply outlook and geopolitical tensions. These uncertainties may have further impact on oil prices, and investors need to pay close attention to market dynamics and formulate corresponding investment strategies.
Golds not done next weeks move.What an amazing week it has been! We executed a flawless trade setup, capturing over 700 pips, driving gold to impressive highs of 2236. Looking ahead to next week, I anticipate further upward momentum towards 2042, marking the top of its current channel. Expectations are for price to fluctuate between 2042 and 2030 before a decisive breakout. Currently, there's a 4-hour fair value gap, with 2200 possibly transitioning into a supportive level. We may witness a retracement to this zone before resuming the upward trend.
🥇Gold🥇 will Go Down to my 🎯Targets🎯🏃♂️ Gold is moving near the 🟡 Potential Reversal Zone(PRZ)($2,210-$2,197) 🟡 and has reacted well to this zone.
🌊According to the Elliott wave theory , the Double Three Correction(WXY) seems to have been completed.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to drop to at least one of the 🎯 Targets 🎯 I've outlined on the chart after breaking the Support line .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
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Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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2153 buy gold. If gold rises to 2165-2168, sell again. ACTIVTRADES:GOLD TVC:GOLD OANDA:XAUUSD FXOPEN:XAUUSD VELOCITY:GOLD MCX:GOLD1! NCDEX:GOLD CAPITALCOM:GOLD
The upper top initially appears. Profitability is certain by following the instructions.
xauusd@2153-2155buy. tp2162-2165.sl2145
xauusd@2165-2168Sell. tp2155.sl2175
When you are not a member and follow the above operations, remember to control risks.
.Also continue to follow the author
Buy at 2153-2154.See it and trade it
Buy at 2153-2154. TP2164,SL2144
The news that CPI and Treasury auctions led to a rise in the US dollar was almost completely digested. The dollar will fall in the short term.
Gold after a sharp decline. Rely on the support of the track below Bollinger Bands and choose to buy. CAPITALCOM:GOLD MCX:GOLD1! NCDEX:GOLD TVC:GOLD FXOPEN:XAUUSD TVC:DXY OANDA:XAUUSD ACTIVTRADES:GOLD VELOCITY:GOLD
GOLD - Long confirmation ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block.
Fundamental news: Next week on Thursday we have news on USD, will be released quarterly GDP, which has high impact on currency.
Like, comment and subscribe to be in touch with my content!
XAUUSD(GOLD): Two Possible Selling Opportunity! Gold hit record high recently due to fed involvement, however it dropped sharply. The price behaviour has shown some strange movement, making in hard to spot the clear movement. In our bias, there are two areas that we are interested in first one we will be respecting the current pattern that price has been forming. However, this can be riskier, therefore, we have a safe entry where the area has left liquidity gap.
Use accurate risk managemen.
GOLD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY GOLD
! Great BUY opportunity GOOLD
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