Goldtrend
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.
Gold price adjusted - slightly decreased⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) loses recovery momentum due to lack of fresh catalysts in a quiet session. However, renewed demand is supported by bets on interest rate cuts from the US Federal Reserve, geopolitical tensions, and strong demand from central banks and Asian buyers. Traders will focus on Fedspeak and the upcoming FOMC Minutes. Hawkish stance from Fed officials may lift the Greenback and lower USD-denominated Gold.
⭐️ Personal comments NOVA:
Gold price in the short-term adjustment price line - creating liquidity for the market. Pay attention to the short support zones $2400, $2390
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2410
TP3: $2420
🔥SELL GOLD zone: $2454 - $2456 SL $2461
TP1: $2448
TP2: $2440
TP3: $2430
⭐️ 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 continue to maintain growth in the short term#GOLD: Gold rate the day before today went as predicted while it examined the 2410 region after which extended again. Observing at the H4 body after you may see a bullish candlestick sample after the doj candle round 2416. The situation suggests that GOLD is predicted to preserve to growth withinside the brief time period so that you can recall shopping for up. with GOLD consultation today. Target is again as much as 2430-2440
Gold has not cooled down yet, enter to buy todayAfter reaching 2,450 USD/ounce in the previous trading session, today's gold price on the international market has cooled down but not significantly.
At 6 a.m. on May 22, the world gold price was trading at 2,422 USD/ounce, down 6 USD compared to the price at the same time the previous day which was 2,428 USD/ounce.
Analysts say international gold prices cool down as investors sell to take profits.
On the other hand, some officials of the US Federal Reserve (FED) continue to announce that interest rates will remain high for a long time. Since then, the USD has increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position.
Another development is that US stocks increased quite strongly. This has prompted many people to take interest in the stock. Accordingly, money flowing into precious metals is dominated. Today's world gold price inevitably cools down.
Trading strategy today, still in the bullish channelWorld gold prices decreased with spot gold down 5.2 USD to 2,420.7 USD/ounce. Gold futures last traded at 2,425.2 USD/ounce, down 4.9 USD compared to yesterday morning.
On May 21 (US time), gold was under profit-taking pressure after this precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level of 2,400 USD/ounce.
Recently, a number of US Federal Reserve (Fed) officials have repeatedly expressed the opinion that they will not rush to start the easing cycle that many people expect. However, gold is receiving the information very positively and does not react much to this view that is considered less moderate.
In opening remarks at an online event hosted by the Peterson Institute, Fed Governor Christopher Wall said that the US Central Bank's restrictive monetary policy is cooling the economy and inflation, but still there is still much work to be done. He emphasized that all data must be considered before deciding whether to loosen monetary policy or not. Atlanta Fed President Raphael Bostic also made a similar point of view and emphasized the need to wait to make sure inflation returns to the 2% target mark before pivoting policy.
Today's trading trend, wait for a decrease to buyWorld gold prices increased with spot gold increasing by 9.2 USD to 2,425.9 USD/ounce. Gold futures last traded at 2,430.3 USD/ounce, up 12.9 USD compared to yesterday morning.
Although the price of the yellow metal inched up slightly compared to yesterday morning, it has dropped sharply compared to the increase during the day. Previously, gold had conquered a new all-time high when inflation in the US showed signs of slowing down, increasing expectations that the US Federal Reserve (Fed) would soon make its first interest rate cut. Spot gold has soared to 2,449.8 USD/ounce.
According to Capital.com financial market analyst Kyle Rodda, the main driving force for gold's strong surge at the beginning of the week was the weakening of the USD and expectations that the Fed will soon loosen monetary policy today. the more increased. Last week's data showed that inflation is showing signs of cooling down and traders now forecast about a 65% chance that the US will cut interest rates in September.
RJO Futures senior market strategist Daniel Pavilonis said that, in addition to "persistent" inflation, the US public debt burden is also a factor driving gold's recovery. Pavilonis expects gold to increase to nearly 2,500 USD/ounce in the short term.
Gold rebounds strongly, should we chase long gold?Today we went long gold near the 2412 position and successfully hit TP: 2423. It was still a good trading profit. At present, gold has rebounded strongly to above 2430. The bulls have regained control of the situation. How much more can gold rise? Do we still want to continue chasing gold?
There may be many people who have this question, and many people have even chased long gold. In fact, relatively speaking, I think gold bulls have reached a certain stage now, and the probability of another violent rise should be low; and gold has formed long upper shadow lines many times during the rebound, so there is still a certain degree of resistance above.and the energy of the bulls has stagnated near 2430, so the short-term resistance faced by gold in the 2430-2435 area is still valid, and even if gold breaks through this area, I believe that with the current strength of the bulls, it will be difficult to break through the 2440 position.
So in terms of trading, I do not recommend chasing gold above 2430. On the contrary, we can consider shorting gold. Once gold falls below the 2405-2400 area, the space below will open further. Therefore, in the next transaction, we will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below.
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XAUUSD:21/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2450-2500, support below is 2411-2371
Four-hour resistance 2435-2450, support below 2411
Gold operation suggestions:
Judging from the current market trend, the lower support continues to focus on yesterday's NY time low near 2411, and the upper pressure focuses on the short-term near 2435, focusing on the suppression of 2435. Relying on this range to maintain a wide range of shock operation, the short-term bulls' strong dividing line still focuses on the 2400 integer mark , before the daily level falls below this position, it still maintains the long advantage and continues to sell high and buy low.
BUY:2435 near SL:2430
BUY:2411 near SL:2406
BUY:2400 near SL:2397
Technical analysis only provides trading direction!
GOLD-Tuesday Analysis
There was no US economic data released on Monday and Tuesday, but the tension in the geopolitical situation had a great impact on the financial market. Iran confirmed that its president had been killed, which undoubtedly added many uncertainties to the unstable Middle East. Although the helicopter crash has not yet been resolved, if it is confirmed, the Middle East will continue to be on the brink of war. Geopolitics is also the biggest support for this round of gold price rise.
According to the trend of gold falling from highs, 2450 points may be the top, but it still needs to be confirmed. If it fluctuates at a high level on Tuesday and the daily closing is a red candle, then 2450 may be the top of this week. On Wednesday and Thursday, there is room for a big drop. Therefore, for the time being, Tuesday's market is regarded as a range fluctuation, and you can sell high and buy low within the support and resistance points. From a technical point of view, the unilateral moving average support of the daily cycle is 2405 and 2375, and the Bollinger middle rail support of the H4 cycle is 2405. In other words, as long as it falls below 2400 points in the near future, it can be basically determined that gold has peaked at 2450 this week, and the probability of a decline in the later period will increase.
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GOLD to continue in the upward move?XAUUSD - 24h expiry
Buying continued from the 78.6% pullback level of 2398.5.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Preferred trade is to buy on dips.
Price action resulted in a new all-time high at 2450.
20 4hour EMA is at 2406.5.
Our profit targets will be 2446.1 and 2456.1
We look to Buy at 2401.1 (stop at 2383.1)
Resistance: 2430.0 / 2450.1 / 2473.2
Support: 2406.1 / 2390.0 / 2370.0
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