XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Xauusdbuy
The gold market is showing a clear downward trendGOLD ultimate night time had a decline again to the 229x area. Regarding the primary trend, Gold is presently in a downtrend. As for rate and in keeping with technical analysis, I see that Gold continues to be growing in reaction to the buildup regions of the Buyers.
>This Friday, all buyers can discuss with Canh Buy Gold 2302>2305
SL 2300
TP 2313>2320
>Sell Gold in keeping with the response of MA and Yesterday`s border Around 2322>2326
SL 2328
City 2315>2306
These are the Price zones I will wait to trade. If you guess short, you may purchase small and wait till the 2x area to promote again
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Gold fee forecast
The gold marketplace is below strain as current US monetary facts suggests that the Central Bank of this united states of america will best have one hobby charge reduce this year, in preference to 3 as predicted in March. However, , a few economists be aware that the opportunity of hobby charge cuts continues to be possible.
According to North American economist Ashworth of Capital Economics, any choice on financial coverage with the aid of using the Fed will rely on the fitness of the economy. According to him, the opportunity of reducing hobby fees as early as September may want to manifest if upcoming US monetary reviews display that the exertions marketplace is weakening and inflation has a tendency to lower sharply.
Investors are predicting that 64% of the Fed will reduce hobby fees in September, down from 71% formerly predicted.
Gold insider information.The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half dovish, which resulted in the data and speech having a limited impact on gold prices, but he also stated that the next step is unlikely to be to raise interest rates. Meanwhile, geopolitical concerns boosted gold as Israel massed troops in Rafah after ceasefire talks broke down in Gaza and U.S. officials said a full-scale offensive was possible in the coming days. U.S. CPI data for April will be released in the evening. If the data is weak, it will be beneficial to postpone the interest rate cut.
After CPI - Gold price returns to starting pointLast night time Gold had robust information however there wasn`t an excessive amount of movement. With Today's Price Trend and Model, I assume Gold will retain to Buy underneath the 231x Zone in line with the accrued factors of the Buyers. And Canh Sell Above the 233x quarter in line with the Trend Line in H4 and D1
> Please confer with modern-day buying and selling rate plan. Buy Gold round 2308>2312
SL 2300
TP 2325>233x
Watch Sell Gold withinside the location 2337>2340
SL 2342
TP 2330>232x
These are the rate stages I will look ahead to transactions. You can confer with and observe this framework to trade.
XAUUSD:The rebound is not over yet
From yesterday to now, the fluctuation of gold is not large. From the shape point of view, it is still in the repair stage. Therefore, before reaching around 2330, try to trade mainly in low-level long positions and wait for the price to reach above 2330. After the indicator is repaired, the probability of returning to the short trend is relatively high. At that time, you can start trading in the medium-term short trend again. Friends who need accurate trading signals, please contact me.
Gold price faces buying pressure in the current areaSELL scalp 2315-2320
SELL swing 2332-235
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The economic easing through some of crucial banks in lots of primary nations has triggered the neighborhood currencies of those nations to decline, thereby pushing the USD up. Gold fees are thereby situation to corresponding downward strain as a not unusualplace rule.
However, due to the fact gold rate had dropped very sharply earlier than, from 2,385 USD/ounce to almost 2,three hundred USD/ounce. Therefore, the call for for this product may be very large.
Besides, buyers additionally wager that gold has brilliant possibilities withinside the medium and long time due to the fact the Fed additionally reduces hobby costs.
Gold rate forecast
Although it extended once more way to bottom-catching call for, gold`s upward momentum became strongly hindered due to the fact the USD hung high. This state of affairs is forecast to maintain for an extended time.
Last week, the United States suddenly said tremendous hard work marketplace information, thereby making the opportunity of the Fed reducing hobby costs soon. The opportunity of the Fed slicing hobby costs in September has dropped to handiest 52.6%, in comparison to 70% earlier than the United States jobs data.
According to a document through the United States Department of Labor launched on June 7, the United States non-agricultural quarter introduced 272,000 jobs in May, a pointy growth in comparison to the range of 165,000 new jobs in April and some distance exceeding the range of 190,000. paintings that economists said in a survey through Dow Jones information agency.
This tremendous monetary records will assist the Fed amplify the time to opposite economic coverage to attention on steadily bringing inflation lower back to the goal stage of 2%. The Fed will now no longer rush to reduce hobby costs.
On the contrary, numerous primary crucial banks have reduced hobby costs and there can be similarly cuts withinside the coming months. The USD may also dangle higher, even growth, withinside the following few months. Gold is consequently nevertheless below downward strain.
Continue to short gold after the reboundToday, gold still maintains the overall shock structure. In the short term, gold is in a weak rebound stage, but the rebound strength is relatively poor. Gold touched 2314 overnight and then fell again, and once fell below 2300 during the decline. From this point of view, the strength and space of gold's rise in the short term are limited, so in the past two days of trading, I have tried my best to avoid chasing gold.
On the other hand, although gold has not made any actual breakthroughs in the short-term decline, and there are signs of a rebound in the short term, it seems to give bulls hope, but I think this hope is likely to turn into disappointment. First, it is difficult for gold to surpass 2320 in the short term, and second, gold will still fall below 2300 during the decline. From the above two points, it seems that gold bulls are not very firm and may fall again and continue at any time.
Therefore, in today's trading, I will still insist on shorting gold after it rebounds. First, pay attention to the short-term 2310-2315 resistance area on the upside; during the period of gold's volatility, first pay attention to the support of the 2295-2290 area below.
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Profited $9K, short gold again!Today, gold maintained a volatile correction. Although the fluctuation was not large, we still made relatively good profits in both long and short transactions. First, we bought gold near 2292 and set TP: 2300; obviously, gold successfully hit our target during the rebound; then we sold gold in batches near 2301 and 2308. When gold fell back to around 2302, we chose to close the position manually, and we made good profits overall. So far, I have made a total profit of 9K, which is a good result for today's market!
At present, gold is in a stage of shock repair. Although it has rebounded in the short term and re-standing above 2300, it has not made effective progress and has not even effectively broken through the short-term resistance area of 2310-2315. Therefore, gold is only rebounding, not reversing. Therefore, we should not be too bullish on gold for now.
According to the current market conditions, it is obvious that the short-term support of gold is in the 2300-2295 area, followed by the 2285-2280 area, and the upper short-term resistance is in the 2310-2315 area, followed by the 2330-2335 area. So we can perform high-sell and low-buy operations in the support and resistance areas!
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XAUUSD:Short, medium-term target 2306-2294
After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340.
In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance.
In terms of overall large-scale transactions, 2306-2294 can be used as a medium-term target.
If you have any questions, feel free to leave me a message.
Have a good day and good luck to everyone!
Go long first, then short gold!Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak.
In general, gold is consolidating at a low level and is in a volatile repair market. Due to the excessive decline on Friday and the large space, the decline may continue in the short term, but the space is obviously not large. The short-term support of the 2285-2280 area below is still strong. Many people in the market have set their sights on the 2260 area, but I think that at least today, the decline will not continue to this area.
So in today's trading, I actually tend to go long gold on dips, because the current price is already low. Only when it rebounds to a higher or effective resistance level will I consider going short to gain retracement profits.
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 I Scalp long opportunity from Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
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THEY WANT YOUR GOLD, BUT CHEAPER :)The number of traders that got liquidated last week is so high that probably big funds has decided to buy your gold, but at discount price. My previous idea about gold went really good, and I think that now we are going to see a fake moves. My main target for GOLD is above 2400, so I am looking for a good zone to buy some. I think that price can range in the next days, before resuming the drop till the 2.220/1.990 area. I will wait the price there before taking any moves
XAUUSD:Entering the medium-term bearish range
Gold successfully touched the resistance near 2368-2373 today. The current small level is retesting the support range of 2363-2352. There should be another rebound at that time. The resistance area to focus on first is still 2368-2373, followed by 2378-2383. The bullish target has been achieved, and the next focus will be the bearish target area of 2306-2294.
The trading space is relatively large. If your account does not have sufficient funds to resist risks, it is recommended to focus on small-band trading, reduce the frequency of transactions, and only trade at key positions. This will reduce risks and increase the probability of profit.
In addition, today is Thursday again, and the initial jobless claims data will be released during the US trading hours. Given the recent large fluctuations, I believe that the amplitude space during the data release will not be less than 20$. Big profits also mean big risks. When trading, remember to put risk management first and try to ensure that the transaction is carried out without the risk of being blown.
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Have a good day and good luck to everyone.
NF - Strong recovery for Gold !! ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is consolidating near a two-week high during the Asian session on Friday. Investors are waiting for the release of the Nonfarm Payrolls (NFP) report from the United States, which will influence future Federal Reserve policy decisions and impact gold prices.
⭐️ Personal comments NOVA:
Gold prices recovered strongly this week thanks to economic news beneficial to Gold. NF continues to be forecast to help Gold prices recover above the $2400 area at the end of the week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2352 - $2350 SL $2345
TP1: $2360
TP2: $2368
TP3: $2375
🔥SELL GOLD zone: $2399 - $2401 SL $2406
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ 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 Analysis=>Long and Short PositionGold seems to have succeeded in breaking the Resistance zone($2,373-$2,353) .
According to the Elliott wave theory , Gold still needs to increase to complete its 5-wave uptrend.
I expect Gold to start rising again after the pullback to the resistance zone and go up to Potential Reversal Zone(PRZ) .
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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Long gold, target 2350
Gold price plunged by $50 before the data, and there are signs of stopping the decline in the short term. This wave of plunge is very likely to digest the data in advance, so I personally prefer a short-term rise;
Light long position, target around 2350.
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
Overview of important economic events in the past 2 weeks: XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The past 2 weeks have witnessed a lot of important economic news such as: ISM Manufacturing PMI,
JOLTS Job Openings, ADP - NF, PMI, Unemployment Claims, CB Consumer Confidence, GDP, PCE,
Pending Home Sales m/m
As the overview chart shows: it can be seen that most of the economic data is not good for the dollar - DXY decreased - XAU increased and stabilized to recover.
The US economy near the US election is quite gloomy - not showing positive recovery + war conflicts in the world (Russia - Ukraine / Israel - Palestine) are still tense
⭐️ Personal opinion:
US macroeconomic factors are not supporting the economy - Gold is still a safe and effective investment channel at present.
⭐️ Technical analysis:
Long-term H1, H4 time frame, after Gold price broke 2350 thanks to positive impact from economic data. Gold price tends to increase greatly, returning above the 2400 area
Pay attention to resistance zones: $2400 , $2430 , $2450
⭐️ 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