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GOLD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
2
GOLD - Continue to correct around 1900 round resistance?The Federal Reserve has decided to keep interest rates the same as predicted. However, during the FOMC meeting, Mr. Powell stated that he believes there will be two more rate hikes in order to reach the 2% inflation target. It's important to note that keeping interest rates unchanged does not signify the end of the rate hike process. Looking at the short-term outlook, it is leaning towards moderate to bearish. The 4-hour chart reveals that XAU/USD is currently trading below the 34 and 89 EMAs. Additionally, the Momentum indicator is slightly below its midpoint, while the Relative Strength Index (RSI) shows no clear direction, hovering around the 50 line. This indicates a lack of speculative interest in the market. Gold faces strong resistance at $1966.20, which is the 23.6% retracement level of the recent daily decline. Yesterday, we opted for a selling strategy within the price range of $1955 to the target of $1930. Today, I am implementing a short-term buying strategy as previously mentioned. The target for this strategy is between $1945 and $1955. It's important to note that the selling strategy will continue to be established within these price zones.
OANDA:XAUUSDShort
by DNA_TradingFX
8
GOLD 14/6 - The downtrend is clearly formedGold prices have taken a dip and are currently trading at a daily low of $1,942. This comes after the US dollar struggled earlier in the day, particularly with the US Consumer Price Index falling below market expectations. This has caused some optimism in the market, with gold experiencing a bearish trend on the 4-hour chart. The support levels are at 1,940 - 1,932 - 1,918, while the resistance levels are at 1,966 - 1,972 - 1,987. Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1955 level.
OANDA:XAUUSDShort
by DNA_TradingFX
21
GOLD - CPI forecast and trading strategyToday, there will be an announcement regarding the US Consumer Price Index (CPI). Traders are currently proceeding with caution due to the expected decrease in CPI from 4.9% to 4.1%. It is predicted that the Federal Reserve will maintain the current interest rate of 5.25% after a period of steady increases, possibly due to recent economic downturns. Gold continues to be range-bound between $1940 and $1983, with the 34 and 89 Exponential Moving Averages (EMAs) showing decreasing distance. However, the price is showing short-term support with an upward trend. The release of today's CPI and tomorrow's Producer Price Index (PPI) may cause Gold to break out of this range. If the price falls below the support level of 1938, it's likely that it will continue to drop to around 1900 or even lower. On the other hand, if it breaks past the resistance level of 1980, the price of gold is expected to surge above $2,000.
OANDA:XAUUSDLong
by DNA_TradingFX
24
GOLD new week - Many important newsIn recent months, central banks have played a significant role in supporting the value of gold. Their interest in purchasing the precious metal has hit record levels, and this has been a major factor in keeping gold prices stable. Despite this, the US Federal Reserve remains the key player in the gold market, and many believe that the price of gold will rise once the current monetary tightening cycle comes to an end. Looking at the H4 time frame, it's clear that gold is currently moving sideways within a range of 1938-1980. If the price falls below the support level of 1938, it's likely that it will continue to drop to around 1900 or even lower. On the other hand, if it breaks past the resistance level of 1980, the price of gold is expected to surge above $2,000.
OANDA:XAUUSDLong
by DNA_TradingFX
19
GOLD - Bulls are working hardAccording to the H4 chart, the short-term outlook for the XAU/USD pair seems favorable, despite a slight loss in upward momentum. Technical indicators have flattened out after crossing into positive territory, as the pair consolidates near daily highs. Gold has also recovered above the 34 EMA and is trending upwards. However, the $1,970 level has seen resistance from sellers, and immediate resistance must be surpassed for the pair to extend its rally to the next Fibonacci retracement at 38.2%, located at 1,985.65$. Keep an eye out for a potential breakout above the 1970 price zone , which could trigger a new uptrend for gold. If using the Temporary Breakout strategy, wait for a close above the zone and set a stop loss at the nearest price stop.
OANDA:XAUUSDLong
by DNA_TradingFX
11
GOLD 08/06 - Bulls defend the price zone 1935The value of the dollar index has decreased, resulting in a lower price for gold for those who hold other currencies. Investors are closely monitoring the upcoming Fed meeting and the US consumer prices report for May through June 13 to gain a better understanding of the state of the economy. There has been mixed economic data along with dovish comments from Fed officials. Gold is currently facing resistance at the 1940-1935 level, but the bulls are trying to gain momentum to push it up. However, the bears are determined to keep the price below 1955.
OANDA:XAUUSDShort
by DNA_TradingFX
22
GOLD - Moving sideways in a narrow rangeThis week, the value of gold received a boost due to weak economic data in the US, which caused the dollar to decline. This led to speculation that the Federal Reserve may not raise interest rates further. However, this support is limited as the dollar is expected to recover due to uncertainty about the Fed's next move. Although some areas of the US economy are slowing down, inflation and the job market remain strong, which puts pressure on the central bank to tighten policy. Currently, the price range for gold is between 1966-1952, with a narrow band. Traders can operate within this range during the Eurasian session. It is important to manage your volume and stop-loss immediately during periods of strong market fluctuations. And today, I will wait for the SELL to continue in the upper regions around 1970. And target at 1950 - 1945. Then BUY order will be set
OANDA:XAUUSDShort
by DNA_TradingFX
24
New week GOLD - Is the 1900 target still far away?The outlook for gold is becoming more negative due to a few reasons, including US interest payments gaining momentum and a recent payrolls report indicating a strong economy. The strength of the economy and labor market could slow down usage and bring it back to the 2.0% target, which may require the FOMC to increase the closing rate and keep it high for a longer period of time to maintain price stability. Despite attempts by the bulls to maintain mid-term gains, there is a possibility that the trend could shift negatively if the price falls below $1,940, encouraging those who are making excellent progress to attack the $1,900 target. Before that happens, I anticipate that gold will undergo a short-term test of the 1965 and 1975 areas, enabling us to develop a sound selling strategy.
OANDA:XAUUSDShort
by DNA_TradingFX
31
GOLD today - Still moving sideways in the borderThe price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that US interest rates will remain high this year, limiting the potential for significant gains in metal prices. Despite this, it is possible that the value of gold will increase later in the year as the US economy weakens. In general, in the short term, Gold can still maintain its upward momentum, if the 1950-1940 price zone can still hold the bears. Then it's not a difficult thing to crawl back to 1975 or even 1985
OANDA:XAUUSDLong
by DNA_TradingFX
24
GOLD before NF: Beware of tricksGold prices increased by more than 0.7% on Thursday, resulting in an overall gain of about 1.6% for the week. This marks the best week for gold since early April. The rise in XAU/USD comes as the US Dollar and Treasury yields weaken, highlighting gold's anti-fiat characteristics. On the daily chart, the next major technical obstacle for gold prices is approaching. On the 4-hour chart, the pair has rebounded off the rising EMA34 and is attempting to stay above the EMA89. Technical indicators are still in positive territory, with the RSI remaining bullish at around 64. More upside potential is expected in the near future, especially if the current positive trend continues.
FOREXCOM:XAUUSDShort
by DNA_TradingFX
17
GOLD with ADP - The rising wave is expectedGold prices were supported by a weaker dollar in the midst of a wary market atmosphere, with nonfarm payrolls data slated for a later release. Additionally, JOLTS Job Openings report had a significant impact on gold prices. Despite this, the US economy shows promise for recovery due to strong retail sales, industrial production, and adjusted GDP figures. Yesterday, gold experienced a rally as the market processed news on the US debt ceiling and favorable economic data. Currently, gold is striving to reach the 1984 price level in the near future. Based on technical analysis, gold is undergoing a corrective wave labeled a,b,c, and the target for this wave is also set at 1984. It is anticipated that this target will be met.
FOREXCOM:XAUUSDLong
by DNA_TradingFX
23
GOLD 31/5 - Do you think this's a short-term bull run?Yesterday, gold prices experienced their largest daily gain in over a week due to a decrease in the US Dollar Index and Treasury yields. This was partly due to month-end positioning and a general sense of caution among investors. Mixed US data also contributed to the decrease in the value of the dollar and an increase in the value of XAU/USD. The Relative Strength Index for XAU/USD at 14 is ascending and has improved from oversold territory, which supports the rally. However, there were also bearish indicators from the Moving Averages Convergence and Divergence indicator, which prompted gold buyers. Currently, Gold is experiencing a minor bullish correction with a target of $1975 in the short term. Yesterday, I initiated a Buy order at $1934 and successfully hit the target at $1960. As of today, we are anticipating further growth in the value of Gold.
FOREXCOM:XAUUSDShort
by DNA_TradingFX
12
GOLD - Downtrend is still thereAt the beginning of the week, the price of gold dropped to the lowest it's been in two months. This was due to the easing of concerns around the US debt ceiling and the increase in US yields. The real yield, which is calculated by subtracting the market rate of inflation from the nominal yield, also contributed to the weakening of gold. The US Dollar has been steadily rising towards the end of the year and the direction of the DXY Index could determine the next move of the precious metal. Despite this, the volatility of gold has decreased, which suggests that the market is content with current prices. If the 1930 level is broken, there could be a pullback. However, if these levels are maintained, it could indicate that the overall rally will continue. The price action in the next few sessions will provide clues to the medium-term direction. Please wait for until Gold returns to the 1955 - 1960 price range , and we will set up a SELL order at this price range.
FOREXCOM:XAUUSDShort
by DNA_TradingFX
14
Gold this week, bearish Dow setup!Additionally, concerns about a potential U.S. debt default further affected the market. The rise in interest rates negatively impacts non-yielding assets such as gold, as it increases the opportunity cost of holding them. The Fed's approach to rate hikes is based on data, and with inflation rising, they may consider further hikes. Economic risks from a possible default are also reduced, giving the central bank more leeway to increase interest rates, indicating a bleak outlook for gold in the short term. Gold is currently experiencing a minor increase in value and is expected to hover around the price range of 1955-1960 before heading back down. The projected target for this week is a decrease in value, with Gold returning to the price zones of 1935-1930 and 1925.
OANDA:XAUUSDShort
by DNA_TradingFX
10
XAUUSD - Choose SELL for todayGold price fell below the support of $1936.00 during Asian trading, after slipping beneath the $1952.00 cushion due to the US economy's approaching default. Technical indicators suggest a downside risk in the daily chart. The US Dollar found support due to positive macroeconomic data and the gloomy market mood. The currency remains strong, while the stock market ignores concerns about the US debt ceiling limit. Today, Gold is returning to retest the price zone around 1953$ before continuing its fall. The nearest target is back to 1935$ -1930$ I still choose the SELL beat for today. The previous Break Out and BUY strategy for GDP news is about to be completed.
OANDA:XAUUSDShort
by DNA_TradingFX
14
GOLD Forecasting a fall for GDPGold is facing difficulty in finding a clear direction as the market remains indecisive due to conflicting signals regarding US debt extension talks and the US Federal Reserve. Currently, the market is struggling around the key short-term support line near $1,955, and the XAU/USD daily chart suggests a bearish extension. The risk is also leaning towards the downside in the short term, as the pair trades below all its moving averages, and technical indicators are declining. It is crucial to watch out for a potential breakout below the price zone of $1950, as it could trigger a strong downtrend. My goal is 1945$ - 1940$ - 1935$
OANDA:XAUUSDLong
by DNA_TradingFX
13
GOLD - The bulls are gradually regaining their positionGold prices have been trading in a narrow range of $1,950-1,980 for almost a week. This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. Copper prices have hit a six-month low due to weakening demand and global manufacturing activity. The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year. BUY GOLD zone 1967 - 1965 Stoploss: 1960 Take Profit 1: 1972 Take Profit 2: 1978 Take Profit 3: 1983 Note : TP, SL full to be safe and win the market !
OANDA:XAUUSDLong
by DNA_TradingFX
13
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week. This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C opper prices have hit a six-month low due to weakening demand and global manufacturing activity. The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year. SELL GOLD zone 1985 - 1983 Stoploss: 1992 Take Profit 1: 1980 Take Profit 2: 1975 Take Profit 3: 1965 Note : TP, SL full to be safe and win the market !
TVC:GOLDShort
by DNA_TradingFX
11
Gold will drop at the end of the week!The price of gold is hovering near a seven-week low due to the recent downtrend. The strength of the USD is causing this, as optimism about the United States debt ceiling talks and hawkish Federal Reserve comments are supporting the currency. Additionally, recent challenges to US debt limit extension and a US-Taiwan trade deal are causing the XAU/USD price to decline. The XAU/USD has been declining for three consecutive days and is currently below its 20 Simple Moving Average. Technical indicators show a prevailing selling interest and the XAU/USD is oversold in the near term. In the 4-hour chart, technical indicators are at extreme levels but do not anticipate a potential bounce. The bright metal is trading far below all its moving averages, with the 20 SMA heading south below the longer ones. SELL XAUUSD zone 1970 - 1973 Stoploss 1977 Take profit 1: 1965 Take profit 2: 1960 Take profit 3: 1950 BUY XAUUSD zone 1950 - 1946 Stoploss 1942 Take profit 1: 1955 Take profit 2: 1960 Take profit 3: 1970
OANDA:XAUUSDShort
by DNA_TradingFX
6
XAUUSD - Scalping waiting Unemployment ClaimsGold price has broken short-term support and hit a multi-day low due to stronger US Treasury bond yields and the US Dollar. The Federal Reserve officials' hawkish bias and the US debt ceiling concerns are contributing to this trend. Bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and a two-month-old bearish triangle pattern confirm the downward trend. However, the Relative Strength Index (RSI) line is below 50, indicating that the XAU/USD bears are waiting for sustained trading below the 50-DMA, around $1,984, before adding more short positions. SELL XAUUSD 1992 - 1994 Stoploss: 1998 Take Profit1: 1988 Take Profit2: 1984 Take Profit3: 1980 HELLO TRADER ARE YOU READY 🔥
OANDA:XAUUSDShort
by DNA_TradingFX
3
GOLD - move sideways in price range, waiting for CPIGold sold off on Friday, but the bulls managed to fend off the attack on the psychological $2,000 level, allowing the price to establish a base and recover on Monday, a sign signal that the path of least resistance remains to the upside, with the precious metal benefiting from the uptrend. If XAU/USD remains on its bullish trajectory, and breaks out of the 2034 price zone and closes above it, the first hurdle to watch will appear at $2048 , followed by the 2023 highs shortly. under $2,070 . A successful test of this technical hurdle could consolidate upward momentum, paving the way for a move towards the channel's resistance at $2,100. In the event of a failure, initial support lies at $2,000 , but a breakdown could attract sellers and create suitable conditions for a pullback towards $1,975. On further weakness, the next downside target will move to the 50-day simple moving average hovering around the $1958 level. SELL Scalp GOLD 2032 - 2029 Stoploss: 2035 Take profit 1: 2027 Take profit 2: 2020 Take profit 3: 2010 BUY GOLD 2000 - 2003 Stoploss: 1995 Take profit 1: 2010 Take profit 2: 2020 Take profit 3: 2030
OANDA:XAUUSDLong
by DNA_TradingFX
1
XAUUSD - Short term scalping strategy, Sell goldAt the end of last week's session, gold price dropped sharply to around $2,000/ounce. However, according to analysts, gold is still in an uptrend. Therefore, the price drop after the end of the week is a boon for buying investors. According to the survey, the psychology of gold investors is very familiar with the falling gold price. This partly shows that the uptrend of gold price is still there. The expectation of gold's price increase became stronger when the message of the US Federal Reserve (Fed) on March 5 (US time) showed that the US central bank would start cutting interest rates. next July. Retail investors also expect gold to rebound strongly, with prices expected to end the week around $2,060 an ounce. Friday's sell-off and the possibility of support at $2,000 an ounce could attract investors this week. Note that gold job failure to reach $2,080/ounce could lead to a consolidation in the near term. Resistance zone: 2033 2051 Support zone: 2000 - 1981 - 1972 SELL GOLD 2033 - 2030 Stoploss: 2038 Take profit 1: 2027 Take profit 2: 2020 Take profit 3: 2010 BUY STOP GOLD 2018 - 2020 Stoploss: 2013 Take profit 1: 2025 Take profit 2: 2030
OANDA:XAUUSDShort
by DNA_TradingFX
5