Get started

Goldtrend

Gold is expected to be quiet this week, entry sell todayWorld gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or will fall in the near term, while half of retail traders still believe the precious metal could move higher in the coming days. Looking at gold's fluctuations last week, senior market analyst Darin Newsom of Barchart.com said that gold is likely to decline this week. Sharing the same view, Bannockburn Global Forex CEO Marc Chandler also sees further downside risks for gold in the near future. According to Chandler, the reason gold set a record high early last week at 2,450 USD/ounce was because the market reacted to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce. Besides, the decrease in demand for gold from Chinese investors is also a disadvantage for this precious metal. Chandler forecasts that gold's initial resistance this week is at $2,375/ounce. Support is in the range of $2,275 to $2,300 per ounce. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
OANDA:XAUUSDShort
by FalCol_TradingMaster
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business. According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold bounced back on MondayLast week, global gold expenses continuously "plunged" after breaking all of the data conquered in April. Kitco News`s cutting-edge weekly gold survey effects confirmed that extra than 3-quarters of specialists consider gold expenses are solid or will fall withinside the close to term, even as 1/2 of of retail investors nevertheless consider the treasured metallic may want to pass better withinside the coming days. Looking at gold's fluctuations remaining week, senior marketplace analyst Darin Newsom of Barchart.com stated that gold is probably to say no this week. Sharing the identical view, Bannockburn Global the Forex market CEO Marc Chandler additionally sees similarly disadvantage dangers for gold withinside the close to future. According to Chandler, the cause gold set a report excessive early remaining week at 2,450 USD/ounce changed into due to the fact the marketplace reacted to statistics associated with the twist of fate that claimed the lifestyles of the President of Iran. However, the power of the USD prompted gold to be offered off and plummet to almost 2,three hundred USD/ounce. Besides, the lower in call for for gold from Chinese buyers is likewise a downside for this treasured metallic. Chandler forecasts that gold's preliminary resistance this week is at $2,375/ounce. Support is withinside the variety of $2,275 to $2,three hundred according to ounce.
TVC:GOLD
by TheLeader_WOLF
Gold Rush: Fund Managers Flock to Record-Breaking Gold PricesGold is gleaming brighter than ever. Earlier this week, prices surged to record highs, igniting a firestorm of bullish sentiment among fund managers. This marks the most optimistic outlAook for the precious metal in over four years, according to a recent report. This article delves into the factors driving this renewed enthusiasm for gold and explores the potential implications for investors. A Record-Breaking Rally Gold's recent price surge is undeniable. Fueled by a confluence of global uncertainties, the yellow metal has reached uncharted territory. Investors are witnessing a classic case of safe-haven buying, where gold is perceived as a reliable store of value during times of economic and geopolitical turmoil. Fund Managers Turn Bullish This record-breaking rally has not gone unnoticed by professional investors. Fund managers, who meticulously analyze market trends and identify investment opportunities, have become the most bullish on gold in over four years. This shift in sentiment is evident in their actions. Data reveals a significant increase in net-long positions in Comex gold futures and options by hedge funds and other large speculators. What's Driving the Gold Rush? Several factors are contributing to the current gold rush: • Geopolitical Tensions: Ongoing conflicts and regional instability create uncertainty in the global economy, prompting investors to seek safe-haven assets like gold. • Inflation Woes: Rising inflation erodes the purchasing power of traditional currencies. Gold, with its historical reputation for holding its value, becomes an attractive hedge against inflation. • Central Bank Activity: Central banks around the world, particularly in major economies, are adopting accommodative monetary policies to stimulate growth. This can lead to concerns about potential currency devaluation, further bolstering the case for gold. • Demand from Asia: Robust demand for gold from major Asian economies, particularly China and India, continues to provide significant support for prices. These regions have a long-standing cultural affinity for gold, driving both consumer and industrial demand. Is This a Sustainable Trend? The sustainability of this bullish trend for gold remains a question mark. Here are some factors to consider: • The Global Economic Outlook: If the global economy strengthens and geopolitical tensions ease, the demand for safe-haven assets like gold could decline. • Interest Rate Movements: Rising interest rates can make gold, a non-interest-bearing asset, less attractive to investors compared to interest-bearing alternatives. • The Strength of the US Dollar: The US dollar has a strong inverse relationship with gold prices. A strengthening dollar can put downward pressure on gold prices. Investing in Gold: Weighing the Options Gold's recent resurgence has sparked renewed interest from investors. However, there are various ways to participate in the gold market, each with its own advantages and disadvantages: • Physical Gold: Investing in physical gold bars or coins offers direct ownership of the metal. However, there are storage and security considerations associated with this approach. • Gold ETFs: Exchange-traded funds (ETFs) backed by physical gold provide a convenient and liquid way to invest. These offer lower barriers to entry compared to physical gold. • Gold Mining Stocks: Investing in gold mining companies offers the potential for amplified returns if gold prices continue to rise. However, these stocks are subject to the inherent risks associated with the mining industry. Conclusion The record-breaking rise in gold prices and the bullish sentiment from fund managers present an intriguing opportunity for investors. However, careful consideration of the driving forces behind this trend and a thorough evaluation of investment options are crucial before diving into the gold market. Understanding your risk tolerance and long-term investment goals will help you decide if gold has a place in your portfolio. It's important to remember that past performance is not indicative of future results, and even safe-haven assets like gold can experience price fluctuations.
OANDA:XAUUSD
by bryandowningqln
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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
8
Gold fell by more than $100 in two days and continues to be bear There is no right or wrong in the market, the only one who is wrong is you. When you find that the direction is reversed, get out immediately. Don't take chances. Just hold on to the profits, and you can achieve long-term and stable profits. At the beginning of this week, gold directly broke the all-time high and sprinted to the 2450 mark, and then entered the high range sweep. The low point was flat at 2406, and the high point gradually moved downward from 2447 to 2434, forming a convergent triangle range. After the price surged higher on Wednesday and determined that the resistance began to come under pressure, it fell below the convergence triangle and fell back to the previous rising channel range. The key point here is to fall below the triangle range and fall back to the channel range. The upper rail of the channel 2417 was used as a suppression to start the heavy volume decline, and the decline accelerated to the lower rail of the channel 2382. Of course, this is not the end, but a new beginning. Yesterday Thursday, the price suppressed 2384 and further fell below the low, maintaining the rhythm of a sweeping decline. It continued to fall and broke below the low in late trading until it hit 2325 in early trading today on Friday. That is to say, in just two trading days, gold fell by more than 100 US dollars, completing the heavy-volume decline in one go! The support and pressure levels of gold in each cycle: The gold weekly support level is 2164, the gold daily support level is 2341, the gold 4-hour support level is 2379 area, and the gold 1-hour pressure level is 2348 area. Today’s gold recommendation: short gold around 2348, stop loss at 2353, and take profit at 2336
FXOPEN:XAUUSDShort
by cdfxcdfx
Today's trading trends, buy gold strategyAt the beginning of the trading session on May 23 (US time), world gold prices were under strong selling pressure due to tough sentiment in the minutes of the May monetary policy meeting just announced. The minutes show that US Federal Reserve (Fed) officials are increasingly concerned about inflation. The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. Experts from the World Gold Council predict that despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Wall Street analysts said that it will take the market longer than expected for the Fed to determine for sure whether inflation has really decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold prices fell for the third consecutive dayGold rate has reduced for the third consecutive day If calculated from the height region of 245x .In the global marketplace, valuable metals retreated to round 2,326 USD/ounce, down greater than forty USD in line with ounce as compared to the preceding session. According to analysts, global gold costs plummeted whilst the marketplace diminished expectancies for americaA Federal Reserve (FED) to reduce hobby fees. The USD index expanded sharply to 105.09 points. UOB Group specialists expect that the FED will begin reducing hobby fees subsequent September, and there can be handiest greater hobby charge cuts this year, in September and November 2024.
TVC:GOLDShort
by TheLeader_WOLF
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.
TVC:GOLDLong
by AA_Jack
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
TVC:GOLDLong
by MrTrongVo
GOLD XAU/USD Bullish Robbery PlanMy Dear Robbers / Traders, This is our master plan to Heist GOLD based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
ACTIVTRADES:GOLDLong
by Thief_Trader
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!!!
TVC:GOLDShort
by TheLeader_WOLF
1
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.
TVC:GOLDLong
by FalCol_TradingMaster
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.
OANDA:XAUUSDLong
by FalCol_TradingMaster