GOLD - millions of dollar area? holding or not??#GOLD.. market at his one of the most importnat area in month, week, day and even 4 hours,
also that its market quarter area, 2355 56
keep close it guys if market clear that area then a smooth drop expected below that.
dont be lazy here.
good luck
trade wisely
Goldtrend
GOLD FORECASTThe current analysis indicates a Bearish trend for XAUUSD, provided it stays above the PIVOT LINE at 2360 as we mentioned before. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward.
The price is expected to rise to 2376, and stabilizing below 2360 could lead to a further decrease to 2344 and 2330.
Key Levels:
Bullish Line: 2376, 2397, 2412
Pivot Line: 2360
Bearish Line: 2344, 2330, 2306
Is gold price selling or buying? I think it's like this
MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! TVC:GOLD
Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370.
Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term.
At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again.
In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358.
Stay tuned for real-time trading signals from the top trading circles.
Precious metal products are still strongly bought every time theWorld gold price on the night of May 22 was about 16.8% higher than at the end of 2023. World gold price converted by USD bank price was 74.7 million VND/tael, including taxes and fees, lower about 16.2 million VND/tael compared to the domestic gold price as of the late afternoon of May 22.
World gold prices fell sharply, causing the USD to increase rapidly. Domestically, SJC gold price is still at 91 million VND/tael.
🔥 TVC:GOLD BUY 2358 - 2353🔥
💰 TP1 2365
💰TP2 2370
❌ SL 2346
🔥 TVC:GOLD SELL 2400 - 2397🔥
💰 TP1 2390
💰TP2 2380
❌ SL 2408
GOLD - at his supporting area? holding or not??#GOLD.. well guys perfect move it was, as we discussed,
congratulations to all, and now we have 2355.50 as gold current support. keep close it guys, market hold it in history for multiple times,
now again that is your area, if market hold it in that case bounce expected from here again, otherwise not at all.
good luck
trade wisely
GOLD XAU/USD Bullish Robbery PlanMy Dear Robbers / Traders,
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Modern trends are completely tilted towards SELLINGGOLD, as I shared yesterday, has dropped deeper than I expected. With the modern Trend being absolutely at the SELL side, these days I will nevertheless watch for right and clean possibilities to SELL GOLD following the Trend.
>Today I will quickly Buy GOLD consistent with the Oversold RSI Point at the M30 and H1 frames
At this rate, anyone must check with BUY GOLD round Area 2358>2362
SL 2355
TP 2368>238x
As I shared ultimate week, after the GOLD fee units a brand new height of 244x, there'll without a doubt be a fee lower of 20>40. So as of yesterday, to date GOLD has offered out greater than 50 prices. So with this wave rhythm, I handiest wish that GOLD can boom in fee through approximately 10>20. Everyone quickly BUY small Vol and perhaps DCA from 4>6 for 1 order. I will nevertheless watch to promote GOLD whilst there may be a response above the 238x area!!!
Today's trading strategy, Gold trendGold prices fluctuated sharply when some US Federal Reserve (FED) policymakers recommended that the organization wait a few more months to ensure inflation really cools down, before starting to cut. interest rate.
Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous position.
Under pressure from the USD, speculators may worry that holding gold will reduce profitability. So in last night's trading session, when gold was trading in the region of 2,400 USD/ounce, they massively sold out.
Gold breaks current price channel, strategy to buy GoldWorld gold prices continued to decline sharply with spot gold down 42.7 USD to 2,378 USD/ounce. Gold futures last traded at 2,382.1 USD/ounce, down 43.7 USD compared to yesterday morning.
The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to the minutes, although US monetary policy has become a secondary factor in the gold market, persistent inflation could create some selling pressure as it could force the Fed to raise interest rates again. .
This view goes completely against the recent statements of members of the US Monetary Policy Committee when they said that although they are not ready to cut interest rates because inflation is still high, they will not raise interest rates. capacity.
According to experts, the minutes reflect growing disappointment that consumer prices have not returned to the 2% target as firmly as expected.
Recently, gold has been greatly affected by the Fed's "hawkish" policy stance. Despite fluctuations, gold is still considered an effective investment asset thanks to its role in preventing inflation and diversifying investment portfolios. Experts believe that the roles driving the recent increase are still being maintained and are unlikely to change in the future.
Gold price falls - sideway adjustment⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) trades lower on Wednesday after pulling back from a recent high. The Federal Reserve (Fed) has expressed the need for stronger evidence of easing inflation before considering interest rate cuts, implying that rates will likely remain higher for an extended period. This could potentially strengthen the US dollar and weigh down gold prices, although factors like US-China trade tensions, geopolitical tensions in the Middle East, and demand from central banks and Asian buyers may limit the metal's downside. Today, gold traders will focus on the release of FOMC Minutes and a speech by Fed's Goolsbee.
⭐️ Personal comments NOVA:
Gold price adjusted down within the H1 trend line, sideway accumulation
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2407 - $2409 SL $2404 scalping
TP1: $2413
TP2: $2418
TP3: $2425
🔥BUY GOLD zone: $2399 - $2397 SL $2392
TP1: $2405
TP2: $2415
TP3: $2430
🔥SELL GOLD zone: $2440 - $2442 SL $2447
TP1: $2430
TP2: $2425
TP3: $2417
⭐️ 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
GOLD-Wednesday Analysis
The Fed will release minutes from its April 30-May 1 meeting on Wednesday, which may reflect more concerns about higher-than-expected inflation in the first quarter, as the meeting was held before the release of last week's consumer price inflation report. The Fed said at the meeting that it still prefers to eventually lower borrowing costs, but acknowledged that disappointing inflation data may delay rate cuts for a while. The minutes may also provide more details on the Fed's plans to slow the reduction of its balance sheet. It is worth mentioning that geopolitical concerns seem to have eased, with Israel reportedly reportedly reaching an agreement with the United States to shelve plans for a large-scale offensive against Rafah. But investors still need to pay attention to news related to the geopolitical situation.
The highest reached around 2450 on Monday and fluctuated between 2433-2416 on Tuesday. Although it is not certain that 2450 is definitely the short-term top of gold, it is certain that it is difficult to break through. Yesterday, 1D closed with a red candle, which means that it is not an absolute strong rise at present.
If it reaches 2433-2436, you can choose to sell, SL: 2442, if you want to buy, you can wait for 2387-2392
The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.
What if you don't know how to trade? Join me as I analyze and provide ideas every day
2390 is coming, continue shorting after the reboundGold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390.
Judging from the recent trend of gold, the highs of gold's rebound are gradually lowering, while the lows are also constantly lowering, and it is already trying to fall below the wedge structure, so the short sellers are currently dominant. Although the short-term structure of gold is supported by the 2405-2400 area, since gold is already trying to touch this area, I think it is only a matter of time before gold falls below this area, and then gold is really going to fall towards the 2395-2390 area.
Gold is currently trying to fall below the wedge structure. Once it is confirmed to be effective, the space below gold will be completely opened, and gold is likely to continue its downward trend. Therefore, if the market does not stabilize, do not go long gold easily. We will mainly focus on short gold at high levels. As gold falls, the resistance area moves downwards, and we first focus on the 2415-2420 area resistance. The following focuses on the gains and losses at the 2400 position.
GOLD - where is today support? Holding or not ??#GOLD... What a holding of you lr resistance area and placed targeted area..
Congratulations to all followers.
Now market have 2401 02 as your supporting area for now.
Keep close that level and if market hold it then again bounce exp cted from here.
Don't be lazy here.
Good luck
Trade wisely
GOLD - where is today support? Holding or not ??#GOLD... What a holding of you lr resistance area and placed targeted area..
Congratulations to all followers.
Now market have 2401 02 as your supporting area for now.
Keep close that level and if market hold it then again bounce exp cted from here.
Don't be lazy here.
Good luck
Trade wisely
GOLD - only single area, keep close it.#GOLD.. perfect move in gold as per our discussion and now market at his today most important resistance in hour chart.
That is 2418 guys,
Keep close it because until didnot clear that area there is no buying.
If market hold that area then drop expected from here again...
Good luck
Trade wisely
GOLD ON THE WAY TO DROPGOLD is showing us a strong reversal pattern and i expect a big drop as soon as we will break below the support area i highlited on the chart. This area acted as strong support zone, but this time i think we will see a break that could lead the price till the next strong reversal zone, around 2378. This is a good entry point to try a scalp long, but i will update if we will get there. Actually i am not taking a short, i am waiting a confirmation setup in around 3 hrs, if it will not happend i will wait another setup tomorrow
Gold sell (Still valid)UPDATE:
Sell order have been filled Price Action have been validated. Don't overleverage your account, take this trade idea on demo account. Practice makes perfect. Don't forget to FOLLOW SHARE LIKE for others to see as well. Click on the profile for our socials. Happy trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY
gold market for todayI replace Gold`s waves and conduct as much as the existing time for all of us to observe. My evaluation of psychology and conduct stays similar to yesterday. As for the maximum current Buy timing fee, I am presently observing. Focus on 2 fee degrees with values 01-03 and 93-95. For those 2 fee degrees, I additionally recall plenty among optimization (lacking orders and small SL). (Maximum SL is round 89.5, minimal is round 89.5). degree 92). Because this region is pretty large, dividing it into every region for timing and tightly dealing with orders in excessive zones is a solution (transient SL and control whilst the fee runs). For the expenses I offer, I fee the extent of being capable of control orders pretty excessive (reaction), however, for the impulse wave to attain the tager relies upon at the real marketplace information taking place. Every setup we've got We have to observe control rules.
Gold price trend analysis and plan on the 13th
There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the impact of news. The current support of the trend is also located near here. I personally think that 2330-2335 is a suitable buying range. Pay attention to controlling risks during operation.