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.
Xauusdbuy
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
Gold prices increase again, the trend will fluctuate stronglyLast week, Friday, after confirming Gold and scanning SL, I will prevent trading. That day Gold launched greater than 30 charges to react at Zone 231x.
Currently, the Gold fashion is absolutely at the Sell side. With Today`s Main Trend Is Selling I Will Watch Gold's Reaction To Watch Gold Sell On The Range 2328>2332
SL 2335
TP 2320>231x
With a sturdy Exit Rate of greater than 30, the charge the previous day Rsi withinside the H1 body reached the oversold sector.
I will watch to shop for small Gold Vol in step with this Rsi sector round Zone 2317>2320
SL 2315
City 2328>2333
For Buy, I will visit Small Vol. And watch for the proper fashion to promote again. You can observe this fashion to trade
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Kitco News` ultra-modern weekly gold survey indicates that specialists are much less effective withinside the quick term, even as retail sentiment is optimistic.
Chantelle Schieven, an professional at Capitalight Research, informed Kitco that buyers want to put together for gold volatility withinside the close to future. Typically liquidity withinside the summer time season is lower, posing dangers to treasured metals.
The truth that buyers aren't positive approximately the subsequent pass of the United States Federal Reserve (Fed) is likewise probable to create volatility withinside the marketplace. Gold costs react to all statistics due to the fact the marketplace is doubtful approximately the Fed's direction.
This professional expects the Fed will loosen coverage in September to guide the economy, despite the fact that inflationary pressures continue to be high. Gold has set up a strong ground round 2,280 USD/ounce.
Gold seems to be withinside the doldrums of summer time season, however greater volatility continues to be possible, stated Daniel Pavilonis, senior commodities dealer at RJO Futures. USD stays high, hobby costs boom, which can also additionally placed strain on gold.
The marketplace is involved approximately the election and hobby costs in Europe. According to specialists, essentially political instability continues to be useful for gold however it's going to take some time longer.
Gold rate forecast
The marketplace is inquisitive about a few monetary information that impacts gold inclusive of the center PCE rate index file for May, June client self belief index, May domestic sales,...
According to the effects of a survey of 14 Wall Street analysts via way of means of Kitco News, five specialists assume gold will boom, five specialists expect a lower and four select to transport sideways.
Jim Wyckoff, senior analyst at Kitco, stated the goal rate boom for June is 2,406.7 USD/ounce.
Gold has plummeted, how to trade gold next?After reaching a high on Friday, it fell sharply, giving up all the gains this week. The daily candlestick chart closed with a big negative line, and the weekly line turned down. On Friday, I made the following tips in my private channel: Today is Friday, and it is not ruled out that the main market players took the opportunity to sell, under which circumstances, the gold price was suppressed. In addition, it is currently facing resistance in the 2365-2370 area in the short term. So what we have to do today is to stop chasing the gold price and avoid the risk of chasing more. In terms of trading, we can try to short gold.
Obviously, we won a big victory in Friday's trading! We shorted gold with the 2365-2370 area as resistance. Obviously, gold successfully hit the target price in a sharp decline. Personally, I made more than $50,000 in gold trading this week, and maintained a 100% winning rate in trading. Very good results!
Gold rebounded after hitting a low of 2317 on Friday. Obviously, the 2315-2310 area still has some support for gold. Therefore, we should not aggressively short gold in trading before gold falls below this area. If gold falls back first at the beginning of the week, we might as well try to go long on gold with the 2315-2310 area as support; the upper short-term resistance area is 2325-2330, and the second key resistance area is 2340-23456. If gold rebounds first and approaches any resistance area, 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. !
XAUUSD:Entering the bearish zone, target around 2268
Gold rose sharply yesterday, breaking through the 2352 resistance in one fell swoop, and is currently located near 2360.
The chart is now entering the triangle consolidation stage. After the price breaks through 2352 and stabilizes above it, the resistance has turned into support. Then in the next consolidation stage, the first support to focus on is the area near 2352. The upper resistance is based on the previous high point, which is located near 2368, 2374, 2379 and 2383 respectively.
Today, we can focus on 2368-2374. If we enter this range, we can sell directly, and the probability of profit is more than 80%.
After the price reached above 2352, my overall trading strategy has changed from long to short, and I will do trend-based medium-term trading, with the target maintained near 2268, just like our previous short target near 2280 and the long target at 2352. It takes a time to complete, so if you want to follow, please be patient!
XAUUSD: Big Swing Buy Coming Up Worth 2200+ PIPS! Dear Traders,
Gold rejected at $2450 and dropped more than 1200+ pips, indicating a strong bearish takeover. Still we expect the same to continue, as bearish momentum is so strong that price ranged between 2330-2340 area for a long period on Friday. Which suggested that bears large number of volume Is still there in the market. Going forward, we can expect price of Gold to drop around 2280-2290 this key level remain strong for buyers. That move will be worth thousands of pips we expecting around 2200 pips if not more targeting 2500$ which will be record high.
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XAUUSD: Next week we can see bullish dominance: 2000+ pips move!Dear Traders,
Upcoming weeks we can see strong bullish price momentum to continue, price successfully rejected at 2290 and then rebounded strongly. Another confirmation that we have is when price reconfirmed the 2300 area where we saw how strongly price moved. These are the two main confirmation that has given us enough confidence to be sure of how upcoming direction the price can be going towards.
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XAUUSD | Bullish The XAU/USD chart is forming a parallel channel and making new higher highs and higher lows according to Dow Theory and pattern analysis. On a higher time frame, the structure of GOLD is bullish. However, on a lower time frame, we can expect a slight downside move to sweep out liquidity before the upside rally begins. Fundamentally, the outlook for gold is bullish.
XAUUSD: Bearish trend, target 2268
Gold found short-term support near 2300 and rebounded again. It is currently around 2330. The large-scale indicators show that the bullish force has not been fully released. There is a high probability that there will be another wave of upward market in the US market today or early next week. The strong resistance will be mainly concentrated around 2352. At that time, the release of bullish force will end and enter the buffer period. If the indicator cannot form a bullish trend again, the gold price will return to below 2300. The next short target will be around 2268.
At present, my trading strategy will be mainly short.
xauusd analysisin the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal.
SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN?
See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including,
2348
2355
2366
2376
2388
2396.
2421.
so eventually this zone can now considered as a pivotal point for the upcoming market movement.
In the alternative scenario what will happen if xauusd again retraces from 2332 area?
it will be falling to the support area as follows<
2312
2306
2295
2282
2282
2267
2240
Both the bearish and bullish speculations have 50:50 chance.
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GOLD +200 Pips 0 Drawdown , New Entry Added For Tomorrow !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.
GOLD Shared Today , +100 Pips 0 Drawdown , Did You Enter ? 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 - sideways - plummeted then skyrocketedGold these days multiplied returned to 2330 however as I can see, in line with a massive body like D1, Gold remains under Ma20.34. With the Price Model, I see that Gold may be very just like the Trendline and could maintain to decrease.
Regarding Surfing Trade, you may nonetheless Buy GOLD these days. But in my opinion, every person ought to wait to promote to be safe
Watch Sell Gold on area 2334>2336
SL 2338
City 2326>2318
Buy GOLD round 2318>2320
SL 2316
City 2328>2335
Today, every person simply comply with this fashion to go into orders. If there may be a robust boom or decrease, I will replace further
With the Fed`s fundamental message being that inflation stays excessive and the Fed desires to hold its tightening coverage stance for some time longer, the DXY index - which measures the dollar's moves towards six primary currencies - climbed to 105-106 factors, thereby placing superb strain on gold costs.
However, records that overall retail income withinside the US in May accelerated at a low level, now no longer assembly expectations, pulled the DXY index from 105.five factors at the start of the consultation right all the way down to 105.three factors. Gold costs thereby accelerated swiftly once more.
According to americaA Department of Commerce, overall retail income in May best accelerated with the aid of using 0.1%, decrease than the 0.three% boom as forecast with the aid of using economists. In April, overall retail income had been adjusted to a lower of 0.2%.
Gold fee forecast
Despite growing pretty strongly once more, valuable metals are nonetheless below promoting strain at a time whilst the USD is predicted to dangle excessive for plenty months to return back withinside the context that the Fed continues to be careful approximately the opportunity of Inflation may also return.
When the Fed has now no longer but reversed direction to lessen hobby rates, the dollar continues to be at a excessive level, thereby negatively affecting gold.
Gold is forecast with the aid of using many groups to be below promoting strain at some stage in the summer time season months earlier than turning into fine once more on the cease of the year. However, valuable metals are presently strongly supported on the mental threshold of 2,three hundred USD/ounce.
Go long first, then short goldGold continued to fall today, but it is still in the range of shock market. According to the current strength of the decline, the room for gold to fall should be limited. After gold fell to the low point of 2310-2305 area, it is obvious that the willingness to buy is gradually increasing! And gold gradually began to show signs of counterattack in the short term. However, with the current market momentum, it will take time for gold to rise.
So in terms of trading, we can first consider short-term long gold. After all, shorting gold now does not have much profit space in the gold fluctuation range. Therefore, we can now boldly go long gold in the 2310-2305 area and patiently wait for gold to rise! Of course, market trading must be forward-looking, not just focusing on the market that has already come out!
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. !
XAUUSD Gold Mines Stealing PlanMy Dear Robbers / Traders,
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Gold prices have a clear downward trendGold Last night, I noticed that there has been a mild lower in beard withdrawal to the 231x area. The fashion in D1 and H4 is displaying Decrease. Meanwhile, the small frames are displaying clean symptoms and symptoms of boom.
In my opinion, Gold could have mild corrections underneath 2303>2306 for one greater beat earlier than it is able to boom strongly.
If Gold will increase strongly nowadays thru the vintage response sector of 2335>2336, it's going to in all likelihood be driven as much as 235x soon.
Trading Plan for Today Canh Buy GOLD 2318>2321
SL 2316
City 2326>2336
Sell Gold According to Ma89 on H4 and D1 round 2336>2340
SL 2343
TP 2325>231x
Buy Chasing the fast fashion and looking ahead to clearer response factors of Gold earlier than Selling Everyone
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Gold fee forecast
Analysts say that even though the Fed has time and again not on time reducing hobby charges withinside the context that inflation remains a ways from the 2% target, falling hobby charges at primary banks nevertheless help gold.
According to a survey with the aid of using Kitco News, 62% of specialists and 54% of retail buyers expect that gold will hold to boom in fee withinside the close to future.
Alex Kuptsikevich - senior marketplace analyst at FxPro anticipated that the electricity of the USD in conjunction with excessive bond yields are nevertheless barriers for treasured metals. He stated that gold`s help degree of 2,three hundred USD/ounce appears fragile.
Gold prices may skyrocket this weekBuy
2322-2320
TP 2330 - 2345
SL 2310
Forecast
James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold charges to upward push subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for long run support".
Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management said: "I am positive approximately gold subsequent week. It looks as if gold is prepared for a technical recovery."
In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are drastically greater positive approximately the short-time period potentialities of valuable metals.
eight specialists (accounting for 62%) count on gold charges to upward push better this week. Only analysts (or 15%) are expecting charges will decline. The last 3 people (equal to 23%) count on gold to exchange sideways subsequent week.
Meanwhile, 216 votes had been solid in Kitco`s on line poll. Of these, 117 traders (equal to 54%) are expecting gold charges will boom subsequent week. Another forty nine people (equal to 23%) are expecting valuable metals will lower in price. While 50 people (equal to the last 23%) forecast that gold charges can be flat subsequent week./.