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XAUUSD:Latest trading signals Hi guys, my family and I traveled for two weeks for my father's birthday. I hope everything is going well for everyone in these two weeks! Gold successfully reached our target of 2280 on Friday. This time the profit is very good. At present, from the perspective of the pattern and indicators, there is a need for a rebound, so you can start to go long at a low level in Monday's trading. During the trading process, focus on the resistance of the 2313-2327 range, followed by 2342-2352. This range is a strong resistance area. If the price touches this range, you can participate in shorts appropriately. Consider the support around 2328. If it does not fall below, you can trade long again, and then continue to observe the 2342-2352 range. If it breaks through, then above 2358, there will be short opportunities again. I will continue to update the specific trading information during the trading session. Please keep an eye on it. If you have any questions, leave me a message in time! Have a good weekend!
FOREXCOM:XAUUSDLong
by Allen_Ex
XAUUSD Shorts from 2340 down towards 2300My analysis for gold this week aims to sustain the short-term bearish trend it has initiated. I have identified two promising supply zones away from liquidity that could potentially provide favorable setups. If price retraces initially, I will consider buying from my 4-hour demand zone up to the supply, ensuring I capitalize on available opportunities. I'll wait for price to slow down and develop a Wyckoff distribution within the 1-hour supply zone. However, there's a possibility of price surging beyond it due to the existing imbalances above. This is because the supply zone I've identified at the extreme top is the most optimal. Additionally, there's still significant liquidity to the downside that must be addressed. Confluences for GOLD sells are as follows: - Price has caused a major shift in trend as well as a BOS to confirm this downside move. - Lots of liquidity left to get taken to the downside like Asia lows and trendlines etc. - Very clean supply away from liquidity on the 1-hourly as well as the 8-hourly - If price is still wanting to go up these are still key levels for retracements. - Gold has been very bullish and buyers are getting exhausted. - Price has also taken ATH's which is a major liquidity point for price to make a reversal. P.S. Given the ongoing war, gold tends to maintain its stability and continues to rise, being a robust commodity that doesn't always correlate with the dollar index. At present, I'm awaiting the activation of my points of interest (POIs) to initiate my strategy.
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD:Sell, final target 2218 Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218. If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short period of time, which is a relatively good long price. At that time, the resistance of the rebound will focus on the vicinity of 2296.
FOREXCOM:XAUUSDShort
by Allen_Ex
1
Gold prices fluctuate strongly but there is still no clear trendToday, I for my part see the fashion view and tradable regions rotating at 232x-229x >Currently Gold is reacting to the resistance sector round 2306>2308 In addition, I additionally see Gold nevertheless in Bien Ma reporting a decrease With this Zone, you could alternate and recollect coming into each Buy and Sell Borders >Sell Gold round 2309>2311 SL 2313 TP 2304>229x >If this Gold Rate will increase beyond MA34 in Frame H4, right away Buy Gold again. At this rate, in case you purchase GOLD, you could purchase to chase the fashion and allow the TP be above 232x --NEWS-- Kitco News` modern day gold survey has specialists expressing extra pessimism approximately gold's near-time period developments, even as maximum retail investors nevertheless see gold costs falling or transferring sideways. Next week is anticipated to be the lightest week of the yr in phrases of monetary statistics arrangements. Some highlights encompass the United States 10-yr bond public sale on Wednesday, which decided the Bank of England's economic policy, and the Treasury's 30-yr bond public sale on Thursday. In addition, there has been additionally a initial consumer sentiment document from the University of Michigan posted on Friday. On the Kitco buying and selling floor, Juan Carlos Artigas, Global Research Director of the World Gold Council (WGC), commented that with very robust diversification capabilities, gold is persevering with to be extended through middle-magnificence banks. Strengthen hold. Despite current changes with a clean downward fashion in gold costs over the last few days, many banks keep to understand gold costs as probable to stay better this yr.
OANDA:XAUUSDLong
by TheLeader_WOLF
Gold price has reached the accumulation thresholdGOLD presently has symptoms and symptoms of the moon returning to be pretty strong. With today`s buying and selling rhythm, I will purchase in keeping with the fashion from M5>H1. And Canh Sell Theo resists and Rsi, everyone >Gold Currently Everyone Watches Gold Following Resistance on the Should and Rsi Over Buy. This Gold Selling Rhythm Everyone can watch the Selling from 3>five costs for me. >Current Trend Gold will maximum in all likelihood growth through 235x once more today. Canh Buy 2326>2330 SL 2324 City 2338>2348. >Attention. Sell ​​accompanied Rsi and resisted. Mainstream Buy in keeping with Main Trends 👌👌 ----NEWS------ In latest sessions, gold charges struggled strongly withinside the context of the marketplace looking ahead to crucial financial information to recognise extra approximately the coverage course of americaA Federal Reserve (FED). US gross home product (GDP) information and private intake expenditure (PCE) reviews may be launched on Thursday and Friday (US time), respectively. Traders are anticipating the Fed`s first hobby charge reduce to take region in September. Matt Simpson - senior analyst at City Index - stated that gold charges should fall sharply if reviews display that americaA economic system stays resilient. Any symptoms and symptoms of sudden will increase will boom the Fed's cappotential to hold advantageous financial coverage for an extended duration of time. That will push the USD and US bond yields up and gold charges down. OANDA senior marketplace analyst Kelvin Wong commented that even though gold charges have slipped in some sessions, the technical attitude suggests the opposite: “Gold's fee motion has formed an average reversion decline after checking out intermediate resistance at $2,420/ounce. Gold charges fell 2.7% on Monday April 22 - the worst day by day overall performance in view that June 13, 2022 (almost 2 years) and persisted to increase losses withinside the Asian buying and selling consultation on April 23. Accordingly, the consultation low of 2,291 USD/ounce represents a cumulative lack of 5.8% in comparison to the latest all-time excessive of spot gold fee (2,431 USD/ounce, April 12). "Now, the trouble for gold charges lies in whether or not the upward fashion has ended or not" - the professional asked. To get the answer, Mr. Wong emphasised a few technical indicators. He believes that those are symptoms and symptoms that gold charges will boom withinside the medium time period. The 50-day shifting average (MA) has a tendency to preserve to assist spot gold charges. “Based on a technical evaluation standpoint, gold charges are nonetheless buying and selling above the 50-day shifting average, consistent with the important thing mid-time period assist sector of $2,260 - $2,210 formerly identified. Besides, the retracement degree withinside the Fibonacci indicator lasts from the bottom degree (October 6, 2023) to the very best degree (April 12, 2024). Additionally, the day by day RSI stays above key assist after exiting the overbought sector. This suggests that the medium-time period upward fashion of gold charges from the low degree recorded on February 14, 2024 continues to be intact" - the analyst.
OANDA:XAUUSD
by TheLeader_WOLF
XAUUSD: sell 2404-2416 The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392. If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top. Friends who hold short orders should pay attention to the status of their accounts. If they cannot bear the risks caused by its rise, close them in time to avoid account loss.
FOREXCOM:XAUUSDShort
by Allen_Ex
1