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XAUUSD 30m Short: Setup with Strong Seller PresenceI’ve initiated a short trade on XAUUSD at this level, observing that price is dropping swiftly. There is significant selling pressure in this price zone, especially on the futures market, which didn’t take out the high. Given the sensitivity of the price action, quick reactions are necessary, as we see how this trade develops from here. Technical Analysis: • The price has retraced and rejected from a key resistance zone, where sellers are currently dominant. • Futures data reveals a strong selling interest at these levels, adding confidence to the short position. • The trade setup aligns with momentum indicators, suggesting bearish continuation in the short term. • Price did not clear the recent high in futures, creating a double top structure, which adds confluence for the downside move. Risk Management: • Stop Loss (SL): Positioned above the recent highs to minimize risk exposure in case of an unexpected reversal. • Take Profit (TP): Targeting a reward zone based on the Fib retracement levels, where support could potentially hold. A 2:1 risk-to-reward ratio is maintained, ensuring a balanced approach to this trade. Conclusion: This setup requires swift action due to the sensitivity of the price action. We’ll monitor closely for further confirmation from the market. If the downward momentum holds, we expect this to be a profitable trade. Stay mindful of the risk, and adjust if necessary as price action unfolds. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
GOLD Prices React to US Dollar Correction Amidst Diverging...Gold Prices React to US Dollar Correction Amidst Diverging Central Bank Policies The US Dollar, which had recently scaled six-month highs against major currencies, is now undergoing a correction as central banks across the globe adopt contrasting stances. The Bank of Japan (BoJ), with its steady policy, has injected a sense of calm into the markets, while the US Federal Reserve's (Fed) hawkish stance has sent ripples of uncertainty through investors. In this article, we delve into the dynamics affecting the US Dollar's value and its impact on the price of gold. Central Bank Policies: The Tale of Two Approaches The recent divergence in central bank policies has become a defining factor in the currency and precious metals markets. The BoJ has chosen to maintain its ultra-easy monetary policy, signaling a reluctance to rush into withdrawing its massive monetary stimulus. This stance has provided stability and optimism, at least in the short term, boosting market sentiment. On the other hand, the Fed's hawkish stance has stirred concerns among investors. The Fed's indication of a 'higher for longer' interest rate view has weighed on sentiment. While the Fed did not raise interest rates in its recent policy meeting, it left the door open for further policy tightening, keeping markets on edge. Gold Price Reacts to US Dollar Retreat The price of gold (XAU/USD) has been quick to respond to the US Dollar's correction. As the dollar retreated, gold rebounded towards a critical resistance level. However, the path to further recovery remains uncertain due to a resurgence in US Treasury bond yields. The 10-year US Treasury bond yield is flirting with fresh 16-year highs of 4.511%, which could potentially limit gold's upward momentum. The Uncertainty Surrounding Interest Rates The primary driver of gold's uncertainty lies in the Fed's monetary policy. Investors are grappling with the question of when and how high interest rates will peak. The US economic resilience, driven by a robust labor market and buoyant consumer spending, has kept expectations alive for one more interest rate increase from the Fed. This has placed a ceiling on gold's potential gains. Support for Gold Amidst Falling Core Inflation Despite the US economy's strengths, core inflation has been consistently falling. This provides a supportive backdrop for gold prices. In times of inflation concerns, gold is often seen as a hedge against the erosion of purchasing power. With core inflation on a downward trajectory, gold's allure as a store of value remains intact. US Manufacturing Sector Concerns While the US economy's overall performance has been commendable, concerns loom over the manufacturing sector. The sector has been contracting for a considerable period, and the threat of further pressure persists. Companies are looking to control costs by reducing inventory, which, in turn, may negatively impact the manufacturing sector's outlook. Conclusion The US Dollar's correction from recent highs reflects the contrasting approaches of central banks worldwide. The BoJ's steadiness has calmed markets, while the Fed's hawkish stance has introduced an element of uncertainty. Gold prices, caught in this tug of war, are influenced by various factors, including rising US Treasury bond yields, economic resilience, and inflation dynamics. As investors navigate these complexities, the direction of both the US Dollar and gold prices remains uncertain, making it a crucial time for financial markets to monitor central bank policies and economic indicators closely. Our preference Short positions below 1950.00 with targets at 1912.50 & 1905.00 in extension.
OANDA:XAUUSDShort
by FOREXN1
23
GOLD Rebounds, Targets Short Continuation Amid ConcernsGold rebounds further from a two-month low, reclaiming the $1,950 level during the early European session and breaking a two-day losing streak. The Gold price is benefiting from a slight weakness in the US Dollar (USD) as traders take profits following its recent surge to a two-month high. However, significant upside for Gold remains elusive, at least for now, as expectations of the Federal Reserve (Fed) maintaining higher interest rates to combat inflation could act as a headwind for the precious metal. The market is already pricing in the possibility of another 25 basis points (bps) increase at the upcoming Federal Open Market Committee (FOMC) policy meeting in June. These expectations were fueled by hawkish comments from several Fed officials and better-than-expected economic data from the United States (US) released on Thursday. The revised estimate of the Gross Domestic Product (GDP) report showed a 1.3% annualized expansion in the economy for the January-March quarter, surpassing the initial estimate of 1.1%. Additionally, a surprise drop in Initial Weekly Jobless Claims indicated strength in the US labor market, providing the Fed with room to continue raising rates. Attention is now focused on the US Personal Consumption Expenditures (PCE) Price Index, which will influence expectations of future rate hikes and impact the USD. The yield on the two-year US government bond, sensitive to interest rate changes, has reached a two-and-a-half-month high due to hawkish Fed expectations. This may discourage aggressive bullish bets on Gold before the release of the PCE Price Index during the North American session. Furthermore, concerns about a global economic slowdown and the US debt ceiling are supporting the safe-haven appeal of Gold amid a generally softer tone in equity markets. Negotiations between Democrats and Republicans to raise the US government's borrowing limit have shown little progress, and credit rating agencies like Fitch and DBRS Morningstar have expressed concerns, potentially dampening investor appetite for riskier assets. Our idea is to anticipate a continuation of the short-term downward momentum trend, with a potential pullback and retest at the previous 50% to 61.8% Fibonacci area. This area coincides with the previous neckline resistance from the double top breakout and could prompt a price decline for a short-term continuation.
OANDA:XAUUSDShort
by FOREXN1
27
Gold Potential long entry/ Oro posible entrada para largaAfter the break out from gold I can see a pull back to the trendline that I have plotted that correlates and confluences with my fib. Many people are entering long at this point however I strongly believe in better RR. So I will wait for a pullback for entering long. Después de la ruptura con el oro, puedo ver un retroceso a la línea de tendencia que he trazado que se correlaciona y confluye con mi fib. Muchas personas están ingresando mucho en este punto, sin embargo, creo firmemente en un mejor RR. Así que esperaré un retroceso para entrar mucho tiempo.
OANDA:XAUUSDLong
by Cryptonaurio
XAUUSD (ORO) Entrada con POCO RIESGO y tres posibles TPComo podemos ver en el gráfico, la tendencia diaria es bajista (Linea azul ) pero en periodo de 4H la tendencia empieza a cambiar y podemos ver una posible entrada en largo con buena relación riesgo/beneficio. También apoya nuestro análisis el cruce de EMAs y retroceso de fibonacci, combinado a expansión de fibonacci nos da 3 posibles puntos a tener en cuenta. Se podría ingresar con 3 compras e ir cerrando por etapas. Recuerden que esto se basa solamente en probabilidades y no todos tenemos las mismas formas de analizar. Así que, puede salir bien, o puede malir sal. LO IMPORTANTE NO ES CUÁNTAS VECES GANES, O CUÁNTAS VECES PIERDAS. LO QUE SI IMPORTA ES: CUÁNTO GANAS CUANDO GANAS Y CUANTO PIERDES CUANDO PIERDES. SALUDOS!
OANDA:XAUUSDLong
by lucasanselmo
1