Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House.
The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again.
Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday.
According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
Xauuasd
XAUUSD / UNDER BEARISH PRESSURE - 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
overall , prices under bearish pressure until trading below turning level at 2,507$
The price level of $2,503 acts as a resistance, meaning that as long as prices stay below this point, the market sentiment remains bearish. A break below $2,490 confirms a downtrend because it indicates that sellers are in control, and the next lower support levels ($2,472 and $2,459) become targets for further declines.
On the upside, breaking above $2,507 would suggest bullish momentum, as the price would surpass the initial resistance. If prices continue to rise and close above $2,519 on a 4-hour chart, it would confirm that buyers have taken control, signaling the potential for a move towards the next target of $2,531.
KEY LEVELS :
Turning Level : 2,507$ , 2,590$ .
Resistance Levels : 2,516$ , 2,519$ , 2,531$ .
Support Levels : 2,490$ , 2,472$ , 2,459$ .
BTCUSDT, Possible scenarios (Details on caption)Hello traders.
As you can see, the price shifted the market structure to bearish by breaking the low at 44300.
The price grabbed the liquidity above 43578 and had a bearish reaction, now the price is in the supply zone that may push the price down. The target of this scenario can be the FVG created on 40280_ 40915.
on the other hand, there are two supply zones above the current price. So we can expect the price rise to fill the FVG, in this case, we can define the first target at 44300 and then the supply zone that formed at the 0.705 level of Fibonacci.
💡Wait for the update!
🗓️03/02/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Hellena | GOLD (1H): Short to support area 2024.854. Dear Colleagues, the price is still flat. I assume that the price will continue to decline, because the price is in a large wave 1 of the higher order. The nearest target is the support area at 2024.854.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The uptrend remains the main trend for the XAUUSD marketIG Company market analyst Yep Jun Long said gold prices were "neutral" in today's trading ahead of the PCE data release on the same day.
He said strong third-quarter U.S. gross domestic product data dispels market speculation about a possible Fed rate cut, as investors are still following commentary cues. It is said that it is not possible. Recent comments from Fed officials. This week, Fed officials talked about the possibility of rate cuts in the coming months, predicting slower growth and further cooling of inflation. The comments sent the yield on the 10-year U.S. Treasury note down to 4.2470%, its lowest level in 2 1/2 months. In current trading, the U.S. dollar index, which measures the dollar's strength against a basket of major currencies, has fallen to its lowest level in nearly three months, ending November with its steepest decline in a year. This development made gold cheaper for buyers using other currencies.
BUY 2036-2038
TP 2045
SL 2032
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
consolidation on XAUUSD. FOREXCOM:XAUUSD OANDA:XAUUSD
As you can see clearly, XAUUSD is on consolidation between 1950-1965.
I hope for the next week, price break this box no matter on which direction.
but totally, GOLD is bearish for me and there is lots of FVG on lower prices that needs to be filled.
my idea is on SHORTING GOLD again around 1960-1965. but if price break the last swing high, i will take some LONGS for at least 100 pips.
good luck traders. wish you all some big banks for next week
XAUUSD H4 : WOW SUCH GOOD BUY AREA Hi Guys Hope you well,
As we said before, gold is slowly approaching the perfect area for buying. There is a very good amount of liquidity in that area, which I think can push gold to the 2350 area. Right now I expect a very boring uptrend in gold to the supply zone around 2020.
SecondChanceCrypto
⏰17/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
GoldViewFX - 4H CHART UPDATED LEVELS & TARGETSHey Everyone,
The 4H chart is looking very much Bullish with the with price breaking out of a resistance structure with an immediate gap target open to 1685. We can also see MEA5 has crossed all MAs for a Bullish continuation with the last MA, MA200 being crossed on market close and potentially lock on Market open.
Our plans are to trade this with taking buys from any dips for the bull targets and track the movement level to level up and down using EMA5 cross and lock to confirm the movement.
EMA5 CROSS AND LOCK ABOVE 1672 WILL OPEN FOLLOWING BULLISH TARGETS
BULLISH TARGETS
1685 -
1691 -
1700 -
EMA5 CROSS AND LOCK ABOVE 1700 WILL OPEN 1708, 1718
BULLISH TARGET
1708 -
1718 -
BEARISH TARGETS
1672 -
1661 -
EMA5 CROSS AND LOCK BELOW 1661 WILL OPEN THE FULL SWING RANGE
SWING RANGE
1636
As always, we will keep you all updated with regular updates throughout the week and how we manage the setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!!
This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways.
We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips.
The example on this chart shows the setup in action hitting targets up and down.
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Short Tram SELL signal....NOW
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
GoldViewFX - WEEKLY CHART UPDATEHey Everyone,
Please see updated weekly chart with a overall longer range target.
You can clearly see, we are still in a Bullish structure with the Goldturn trendline providing the ascending support.
Bullish TARGET
1944
SWING RANGE
1960
Please don't forget to like, comment and follow to support us.
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD Short Tram SELL signal....NOWAronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.