Gold recovers - short-term increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices rose at the start of the week, buoyed by expectations of a September interest rate cut by the Fed and signs of subsiding inflation. The dip in US manufacturing sector for a third month and declining factory input costs further supported this outlook. Additionally, China's economic concerns, global geopolitical tensions, and political uncertainty in the US and Europe fostered appeal for the safe-haven asset.
⭐️ Personal comments NOVA:
Gold price in early July increased slightly thanks to economic data that is not good for the dollar - target below $2350
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2358 - $2360 SL $2365
TP1: $2350
TP2: $2340
TP3: $2330
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Xauusdbuy
Gold trading strategy for July 2
#XAUUSD
Hello everyone, today is July 2, 2024. My analysis yesterday brought you huge profits. About 280pips
I think today's trading still needs to focus on the 2318-2322 range below and the 2340-2343 range above.
So trading within the range
1/Trading within the range of 2317-2343 can be scalped:
Buy 2313-2318 tp2327-2332
Sell 2336-2340 tp2332-2328
If any range in this range is broken, I think a new trend will be formed:
I will give you several buy and sell trading signals for your reference.
2/Trade outside the range 2317-2343
Buy 2302-2305 tp2311-2317-2322-2329
Sell 2349-2352 tp2345-2341-2333
I hope my analysis can help you win in trading. If you are interested in my analysis, please join me
2320! Go long gold!Although gold has formed a head and shoulders top pattern at the short-term level, the momentum has turned to neutral, and gold has failed to effectively fall below the 2320-2318 area many times during the decline. Instead, it has formed a head and shoulders bottom pattern at the hourly level, and the shoulder support is exactly in the 2320-2318 area. So gold can still use this as support to continue to rebound.
In addition, gold has never fallen below 2318 during the decline, so I think the decline of gold is just compression. The deeper the compression, the more violent the rebound may be. It may even continue to rebound to 2340 or even 2350. So when gold falls back to the 2320 area in the short term, I will not continue to chase short gold. On the contrary, I will start to go long on gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trading entries and why investors are flocking to precious metalAsian Session Gold Today is reacting above the 233x zone. With the Trend Rhythm in D1 nevertheless reporting a lower and the Short Frames are reporting an increase. So today`s buying and selling factor I will input in keeping with the vintage charge frames in keeping with help and resistance.
> For Shortwave, you could talk over with Buy Gold Around 2328>2330
SL 2325
TP 2336>234x
If Gold will increase however does now no longer destroy via the 2338>2340 zone, then Canh Sell Gold Always on this Zone
SL 2342
TP 2330>2326
Everyone can display and look ahead to transactions in keeping with the Plan I recommend. The marketplace has new developments. I will replace later
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Gold price forecast
General Director Marc Chandler of Bannockburn Global Forex analyzed that if the price of precious metals increases beyond the mark of 2,350 USD/ounce, it will continue to increase to 2,360 USD/ounce, even conquering the price of 2,400 USD/ounce.
Marc Chandler predicts that the French election and the US employment report are also one of the important driving forces to push investors to pour into precious metals.
David Morrison - senior market analyst at Trade Nation - said that after 2 months of consolidation, developments in the gold market are becoming increasingly attractive, especially when inflationary pressures ease. Morrison forecasts that gold prices will exceed $2,350/ounce in July.
Other analysts noted that gold is still in a strong uptrend as the price remains at the support level above 2,300 USD/ounce.
Gold trading analysis on July 1
#XAUUSD
Hello everyone, today is July 1, 2024. Today is the first trading day of this month. I hope my analysis can bring you some trading profits:
I think today's trading is not difficult. We need to pay attention to the range of 2318-2322. And the range of 2340-2343.
1/Trading within the range can be scalped:
buy2318-2322 tp2327-2332
sell 2336-2340 tp2332-2328
If any of the ranges in this range is broken. I think a new trend will be formed:
I will give you several buy and sell trading signals for reference.
2/Trading outside the range
buy2303-2307 tp2311-2317-2322-2329
sell2349-2352 tp2345-2341-2333
If these price ranges are reached, I think it is very worthwhile to trade.
Of course, there will be non-agricultural and various news releases in the next few days. I will also actively update my thoughts and signals.
Go long gold directly
From the hourly chart, short-term bulls are strong, and the green column of the MACD indicator begins to increase, initially forming a golden cross pattern;
So you can go long directly, and the target is 2340 first. Later data will most likely further boost the gold price, and gold may continue to rise.
If you agree with my trading ideas, welcome to follow, join the channel to get free accurate strategies directly
Fed could trigger a sell-off in the marketAt the beginning of the week, Gold is having a slight sideway rhythm around the 232x area. With the current Trend Rhythm, I will wait for more clear price zones before entering the transaction.
Like the Plan in D1, the Trend is still down, so I will consider Selling Gold on the 233x range.
Everyone, please refer to the Trading Plan for Today Canh Sell Gold around 2333>2337
SL 2339
City 2326>2320
If Today's Gold Decreases But Can't Break Through 2 Zones 2319>2322 Then Everyone Go Buy Gold In This Zone
SL 2317
City 2328>2335
There is nonfarm news this weekend so everyone can slowly withdraw profits at the beginning of the week
-*--
FxPro senior marketplace analyst Alex Kuptsikevich stated that the gold charge falling underneath the 50-day transferring common is a horrific sign and monetary information blended with the coverage stance of the United States Federal Reserve ( Fed) should cause a marketplace sell-off.
Meanwhile, Bannockburn Global the Forex market General Manager Marc Chandler is positive approximately the yellow steel withinside the quick term. He stated that the surprising restoration of gold and making up for all of the preceding losses is sufficient to increase the charge growth of this valuable steel for the fifth consecutive month.
If the charge will increase past the mark of 2,350 USD/ounce, observed through 2,360 USD/ounce, it's going to now no longer be unexpected that the mark of 2,four hundred USD/ounce is conquered. According to him, occasions which could raise gold`s restoration are the effects of the primary spherical of the French election and the United States employment report.
Sharing the equal opinion, head of funding method at Zaye Capital Markets, Mr. Naeem Aslam, stated he's nevertheless positive approximately the outlook for international gold fees despite the fact that gold fees have fluctuated in a slim variety for a while. lengthy time.
Breakthrough in early July 2024! XAU fluctuates✍️ NOVA hello everyone, Let's comment on gold price next week from 7/1 - 7/5/2024
🔥 World situation:
Gold prices fell on Friday due to a promising inflation report that suggested potential interest rate cuts from the Federal Reserve in 2024. Despite reaching a four-day high of $2,339, gold ended at $2,324, a 0.12% decrease. The US PCE Price Index report for May triggered these fluctuations, indicating a favorable future for consumers affected by price increases.
🔥 Identify:
Gold price sideways accumulated for most of June 2024 from 2300 - 2365, expecting a breakthrough in early July with a recovery for Gold.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2351, $2387
Support : $2317, $2297, $2270
🔥 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
XAUUSD - Strong uptrendXAU - 10:00 June 28, 24
Gold is currently increasing again in the Strong Buying Trend Plan. With this momentum, Gold will probably increase 235x again soon, everyone.
Everyone today refer to Canh Buy Gold around 2317>2319
SL 2315
City 2326>2335
If Gold Increases again without breaking past 2327, then Sell Gold again around the old candlestick area around 2327>2329
SL 2331
TP 2320>231x
On Friday, I do not encourage much trading. Last week, there were a few short SL days, but overall, I still had good trending beats. Last week, anyone who installed a Bot or followed a Bot was flooded with profits 👌👌 @All
Across maximum timeframes, BB is narrowing and buying and selling sideways over the weekend after the valuable steel capitalized on a sturdy in a single day recuperation from two-week lows. The fee is presently trying out the 2320 guide stage amid moving sentiment. With the cutting-edge fashion, fee will increase are viable however the resistance stage at 2345 is not likely to be damaged due to the fact the primary fashion of the marketplace continues to be correction.
The attention now turns to the maximum applicable US macroeconomic report, the Personal Consumption Expenditures (PCE) Price Index. The Federal Reserve`s desired inflation index could be launched on Friday and is predicted to expose inflation growing 2.6% 12 months-on-12 months in May, barely decrease than preceding stage of 2.7%. Easing inflationary pressures will raise hopes for an upcoming US hobby price reduce and cause a decline withinside the USD. However, because the marketplace might also additionally turn out to be optimistic, the opportunity of XAU/USD growing may be very constrained.
The admin in my view believes that the fee will now go back to the constrained resistance location of the BB band, gold will decline. The predicted goal for this decline is at the least the 2300 stage.
USD soared, causing world gold prices to fallGold the day past fell deeply to the 229x location and is having a mild restoration with Rsi oversold.
With the primary fashion of the marketplace being down, it's far very viable that Gold Today`s rate will growth 5>7 greater instances earlier than reducing further.
Today's Plan I will Buy consistent with rsi and look ahead to accurate factors to promote consistent with the Trend.
All buyers are looking Buy GOLD 2297>2300
SL 2295
City 2306>2313
Canh Sell Gold on 2310>2313
SL 2316
City 2306>2288
Prioritize Selling consistent with Trends and Buying Small Vol
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World gold price 'cools down'
According to expert analysis, the direct factor causing world gold prices to fall is the high USD and sharp increase in US government bond yields, at the same time investors are interested in expected US inflation data. announced this week.
Head of commodity strategy at TD Securities, Mr. Bart Melek, commented: "At the present time, the market is likely reacting to information with the USD, and at the same time the market continues to influenced by expectations that the US Federal Reserve (Fed) will likely not take any action related to interest rates this summer."
The USD increased 0.4% to its highest level in 2 months compared to the currencies of G7 countries, so gold became more expensive for investors owning other currencies. At the same time, the 10-year US Treasury bond yield hit its highest level in 2 weeks.
This week, the focus of the market's attention is the US consumer spending index (PCE), an index that the Fed is very interested in in its policy decisions. The performance of the PCE index will have a certain influence on the Fed's policy decisions.
In addition, data on US GDP in the first quarter of 2024 and information related to the debate between US President Joe Biden and Donald Trump will also attract great attention.
Data released on Tuesday this week showed that US consumer confidence in June 2024 cooled amid worries about the major economic outlook, although consumers still believe that US inflation in 2025 will less stress.
XAUUSD GOLD Technical Analysis and Trade Idea👉🔍 In this analysis of XAUUSD (GOLD), we examine higher time frame charts that suggest a bearish trend with a potential retracement into resistance. The price action indicates a strong bearish move into support. I am anticipating a possible short-term bullish reversal into resistance for a buy, followed by a sell opportunity from the Fibonacci retracement. It’s crucial to understand that this is speculative and not a guaranteed forecast. Watching for specific price movements to confirm a buy or sell is essential, as explained in the video. This video offers a detailed look at the trend, market structure, and price action. Keep in mind, this content is for educational purposes only and trading carries significant risk. Always use robust risk management strategies in your trading practices. 📈🔔
Medium/Long Term TrendHi Gold fanatics!!
you might have seen me in the minds section joking around and talking shit but that one I'm serious. Even if I personally 95% of the time scalp I thought I would share that overall longer trend Bias. Everything is pretty much on the chart and self explanatory but if you are still long term bearish and targeting 2308 level you might want to reconsider or manage your trades very carefully. Of course I am probably wrong and we might very well go down tonight once NYSE will wake up. Anyway, be safe and be patient!!
XAUUSD:If you are long or short, what should you do next?
As of today, gold has not fluctuated much, and the resistance is mainly concentrated near 2336. From the chart, there are signs of head and shoulders. If formed, the next low point should be around 2312-2307.
In terms of trading ideas, maintain low longs for the time being. What needs to be paid attention to at present is the support of the range of 2321-2317, which can be used as the area to start longs with moderate risk.
Because if the market falls to around 2307, the probability of rebounding is relatively large, and the resistance of the rebound will also appear near 2318. Then the long orders added in the range of 2312-2307 will give some profits, and the longs near 2320 will suffer a small loss, but overall the transaction will end with profit.
Another strategy is to start short trading directly. If the support is effective, you can add orders in the range of 2336-2346, because from a medium-term perspective, I still tend to be short-selling, and the target is maintained in the area near 2268.
Therefore, no matter whether you are currently holding long or short positions, you don’t need to worry too much. As long as the account funds are sufficient, you can end up with a profit.
If you have any other questions, you can leave me a message.
GOLD Long Setup Ready To Enter Now To Get 500 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD - World gold prices retreatedGold closing night time had a rebound withinside the 233x place however nevertheless couldn't growth strongly beyond the charge variety I assessed the day past at 2335.
>Today I will retain to attend and change round faux regions that react to Ma and Support Resistance.
>Plan for Current fashion is down.
>Canh Sell Gold own circle of relatives round 2330>2334
SL 2336
City 2324>2316
>For Buy, these days I will wait to Buy Gold under the candlesticks and Buy Zone under 231x
Plan Buy Gold round 2318>2322
SL 2315
TP 2330>2335
With Today`s Market Rhythm, You Should Sell According to the Clearly Shown Market Trend. As for Rhythm Buy, you need to hold Vol safe 👌👌
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Gold bullion prices fell more than 1% last weekend, after the USD soared due to the impact of US business activities rising to the highest level in the past 6 months, and the US job market also gradually recovered.
Currently, investors are waiting for data estimating the first quarter's gross domestic product and the personal consumption price index report. "If the core PCE index increases sharply, this is not good news for gold, pushing the price of the precious metal down to 2,300 USD/ounce," Kelvin Wong added.
In a meeting earlier this week, Mary Daly - President of the San Francisco Fed Bank - said that the US Central Bank should not cut interest rates before policymakers assess inflation towards 2%. She also noted that the unemployment rate is increasing and becoming a risk to the US economy.
Gold rebound is weak, continue to short goldAfter the sharp drop on Friday, the gold market today returned to the shock and repair market. It is currently in a narrow range of 2330-2325, basically in the middle position, relatively speaking, without touching the resistance or support area, so up to now, there are not many opportunities to really participate in market transactions. Gold currently rebounded to around 2332, and did not touch the current 2340-2345 resistance area during the rebound, and then fell back, but did not touch the 2315-2310 short-term support area again during the decline. Therefore, in terms of trading, it is extremely confusing!
In general, gold is in the stage of rebound and repair, and the short force is still slightly dominant. Because the rebound of gold is weak, it has not even reached the vicinity of 2335. So in terms of trading, I am actually more inclined to short gold at high levels, but before gold falls below the support area of 2315-2310, gold bulls still have room for defense. So we must master the transaction price and rhythm in trading.
If gold falls back first later, we might as well try to go long on gold with the 2315-2310 area as support; and the key resistance area above is 2340-2345. If gold rebounds to the resistance area first, we can choose to short gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
The recovery rate retested at the beginning of the week! XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Fed officials have delayed the first interest rate cut of the year. President Tom Barkin of the Federal Reserve Bank of Richmond stated that the central bank is prepared but will gather more information in the coming months. President Neel Kashkari of the Federal Reserve Bank of Minneapolis believes it may take a year or two to bring inflation back to 2%. The strong US economic data and hawkish Fed tone are supporting the US dollar and suppressing gold prices, as higher interest rates increase the cost of holding non-yielding assets.
⭐️ Personal comments NOVA:
Gold price recovered slightly, returning to the retest of weak resistance areas. Mainly still sideways below $2350 at the beginning of the week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2311 - $2309 SL $2304
TP1: $2316
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2331 - $2333 SL $2336
TP1: $2325
TP2: $2318
TP3: $2310
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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