💡 XAUUSD: Analysis May 23Gold had a strong decline yesterday, creating bar D1 with a wide range and closing close to the bottom, showing strong selling pressure during the day. This down day officially closed below bar D1, creating a bearish pinbar that formed a false break above, thus confirming this false break. This is a technical factor that can cause Gold D1 to slow down and keep moving sideways but not increasing again. Gold D1's chart structure is currently cumulative in the price range, with the main tendency to increase. Gold falling and closing below the round number of 2,400 is also a technical factor for weakness.
The downtrend for H1 Gold has formed after a strong price decline and the recent establishment of a new low price bottom. Both bearish momentum and structure support the idea of waiting to sell for H1 Gold today, supported by price action confirming a false break at D1. The selling zone for Gold H1 today will be the confluence of the round number 2,400 above. Because Gold is currently touching support and breaking out of the lower border, showing the possibility of being oversold, selling to the bottom will no longer be a priority.
💡 H1 trend: Gold decreases.
Today trading idea: Sell Gold.
Xauusdbuy
XAUUSD - continue the downward trendThe gold marketplace is being substantially stricken by the Fed`s coverage stance at the duration of time it takes to reduce hobby rates. Experts say that US inflation reviews are nevertheless now no longer as anticipated. Thereby, the timing of the Fed's hobby fee reduce is unclear.
According to the Wall Street Journal, gold's restoration during the last numerous months is specially because of primary financial institution buying, specifically call for from Chinese investors. However, gold turns into greater hard as primary banks round the sector are beginning to diversify the USD with belongings that produce other redeemable values except gold. These elements will sincerely preclude the momentum for gold going forward.
Gold fee forecast
Experts from the World Gold Council expect that in spite of the Fed's difficult arguments on financial coverage in latest times, gold will nevertheless hold its upward momentum withinside the coming time.
Wall Street analysts stated that it's going to take the marketplace longer than anticipated for the Fed to decide for positive whether or not inflation has clearly reduced or now no longer. Therefore, gold will stay caught in financial coverage for pretty an extended time.
GOLD: On the way $2500,Technical and Fundamentals Strong BullishOANDA:XAUUSD
Price continued the uptrend as we had advised in our previous chart analysis, however, as the price reached $2443 where many big banks and institutional buyers cashed out led price to drop significantly. However, we expect price to grow towards $2500 which area remain a next big bull run. Currently, both fundamental and technical indicates further growth in the price. The price can rebound from 2406.
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XAUUSD:Long first, then short
Gold continues to fall. It has dropped nearly 60$ from 2410 to now. The current main support is around 2352. The trading is long first and then short. On the rebound, focus on the resistance near 2378.
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XAUUSD plummeted - any opportunities for current investors?The lower in gold charges specifically triggered the USD to growth once more and the final strain become more than the energy of call for for gold. Selling hobby improved after the treasured steel did not regain the brink of 2,430 USD/ounce. Pressure to promote speedy World gold rate beneath 2,four hundred USD/ounce.
The USD become supported after many US Federal Reserve (Fed) officers issued warnings that the Fed had to be greater cautious and make certain to take gain of the cooling facility earlier than determining to reduce hobby prices for the primary time.
Although US economic coverage has come to be a secondary thing withinside the gold market, taking gain of the timing ought to create promoting strain as it may pressure the Fed to elevate hobby prices once more. In current days, participants of the economic coverage board have stated that even as they're now no longer equipped to reduce hobby prices due to the fact they're nonetheless elevating them, in addition they do now no longer see a manner to elevate them. However, assembly mins display the opportunity of some other acceleration.
Many specialists are constructive that gold charges will retain to growth withinside the close to future, however maximum aren't positive whilst gold will attain 3,000 USD/ounce. Momentum may be given as the principle foreign money of the Fed.
Global golden like. However, even as the Fed has but to determine to unwind economic coverage, advisers are cautiously looking monetary information to look if they may set off the Fed to pivot.
💡 XAUUSD: Analysis May 22Gold decreased yesterday, but with the structure of bar D1 decreasing with a narrow amplitude, lower shadow and closing above half of the amplitude, buying power is still shown from below. Considering that the price is located around the old peak, that is, the resistance zone, the price behavior is happening like that, showing that the buying force is maintained. This is positive for the price increase. The structure of Gold D1 is sideways in the price range, overall it is inclined to increase.
H1 gold moves inside the accumulation price range, showing a sideways period. Because both time frames tend to favor price increases, H1 Gold today can continue to wait to buy from the support areas below. The area just below the confluence with the round number 2,300 adds to the strength of support.
💡 H1 trend: Gold moves sideways.
Today trading idea: Buy Gold.
XAUUSD - Falling verticallyGold fees fluctuated sharply while a few US Federal Reserve (FED) policymakers encouraged that the corporation wait some extra months to make sure inflation without a doubt cools down, earlier than beginning to cut. hobby rate.
Reacting to this information, the USD accelerated in charge in comparison to the Euro and lots of different currencies. Gold charge these days is in a disadvantageous position.
Under strain from the USD, speculators might also additionally fear that retaining gold will lessen profitability. So in remaining night`s buying and selling session, while gold changed into buying and selling withinside the area of 2,four hundred USD/ounce, they vastly bought out.
Gold fell below 2400 as expected, continue to short goldYesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good trading result. After gold fell back, we currently hold a long position in gold near 2387 and set a small TP: 2395. We hope that gold will rebound and hit TP again.
At present, gold has formed a large negative line and fell below the wedge structure. It has not even been able to hold the 2390 position and break through important short-term support. Short momentum is strong. Although gold has been supported near the 2380 position and has rebounded, the overall rebound strength is still relatively lacking, so I think there are no conditions for a big rise for the time being. This is why I only set the TP of the long position at 2395. Then, gold may not see a retaliatory rebound in the future, and may digest the sharp decline with shocks.
So in terms of trading next, I will wait for gold to hit TP: 2395, and then wait for gold to rebound before shorting gold. In the short term, the upper side will focus on the resistance in the 2405-2410 area. The Federal Reserve will release the minutes of its monetary policy meeting later, which may affect the short-term gold trend, and we also need to pay close attention to it.
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Accurate trading signals for today
From the daily chart, the gold price is currently in an upward structure, and the trend is well maintained. The moving average system also shows that the gold price has not gone short. But the 4-hour short-term upward trend line has been broken.
From the perspective of the golden ratio, the current support of the gold price is at 0.236. This adjustment is a weak callback. The 1H Bollinger trend closed and then flattened, which is a typical shock signal. Therefore, although the bullish structure on the daily chart is intact, the small cycle is currently in a shock structure. The shape is now in a converging triangle state, so it is difficult to say whether to be bullish or bearish. There is no overwhelming technical reason. So if you say you are bullish or bearish, you really can't see the direction. But in terms of operation, what we can do is to sell high and buy low. According to the trading rules, you should sell when you encounter pressure and buy when you encounter support.
Today's support is at 2406 and the pressure is at 2428. The current price is obviously sold, there is no good position to set a loss, and the profit ratio is not suitable. Therefore, it is also necessary to buy at this position.
XAUUSD: Continue shorting after rebound
After falling below the support, it fell rapidly. It has now reached the support platform and the rebound resistance is near 2400. The probability of a direct rise is unlikely, so we continue to focus on shorting after the rebound. The lower support first focuses on the vicinity of 2378.
Will gold continue to rise?
First, the gold daily level: From the current pattern, on the one hand, the price broke through the previous historical high of 2432, on the other hand, the 5-day moving average continued to rise, which is a strong unilateral continuation, because it is not a continuous positive, but a two-positive and one-negative pattern; therefore, today may be closed with a small negative cycle, and the next day or two will continue to be a positive unilateral attack, the key support point is still the 5-day moving average, moving up to 2400, today this position continues to be bullish, this week there is hope to hit 2460-2470
Second, the gold hourly level Special: Today's Asian session fell, and the European session was in a range of consolidation; from the figure, we can see that the short-term upper track is suppressed below 2425, and the short-term support is above 2409; before 2425 is broken and stood above, there may be another wave of declines and then stabilized and pulled up. At that time, pay attention to the support of 2409 and the stabilization of the first-line support of 2400; on the contrary, if 2425 breaks through and stands above in advance, it will all be washed back today, engulfing the decline in the Asian session, impacting 2432-2433, and even continuing to break through 2440-2450;
Will gold continue to break through 2450?
Daily chart:
Already reminded before: 2340+2290
Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising
Only if you keep rising will you have a chance to rise
It has stood above 2340 and started to rise slightly in the short term.
Stay above 2350--65, strengthen in the short term
Staying above 2385, it has risen by 2450
It initially remains above 2400, and the trend becomes stronger.
Stay above 2425 and see around 2460
Staying above 2450, there is a chance to continue to rise to 2450--2480-2550 in the short term
Stay below 2375--2410 and start short-term profit taking
Stay below 2335, strong in the short term
Stay below 2310 and turn into a weak decline
XAUUSD faces profit-taking pressureImmediately after hovering to create a brand new document excessive in history, gold encountered profit-taking pressure. However, robust assisting elements assist this treasured metallic stay above the critical threshold of 2,four hundred USD/ounce.
In the close to future, analysts nevertheless assume gold expenses to upward thrust higher. However, they advise traders keep away from chasing the marketplace at modern-day levels.
According to StoneX analyst Rhona O`Connell, "a lack of momentum is inevitable sooner or later as new gamers have entered the marketplace, however it's miles probable that extra traders will come. “Most humans are in for the lengthy haul and are probable to live in because of geopolitical tensions, banking troubles and elections round the sector this 12 months.” Gold's foremost position is to lessen risk , whether or not financial, geopolitical or volatile, he added.
Recently, gold has been strongly supported withinside the context of geopolitical and financial instability. According to information from the World Gold Council, considering the fact that the start of the 12 months till now, gold expenses have expanded extra than 16%, achieving a document excessive of over 2,four hundred USD/ounce in May. Some professionals say that gold can be easily available. Get geared up for every other charge hike. Citi Bank analysts currently with a bit of luck expected that gold may want to reach $3,000/ounce in the subsequent 6 to 18 months.
xauusd recent update
In our previous analysis quoted above we have referred 2407 area as the area of retracement as there is strong support in that zone. and as we predicted the same happened the market retraced from than zone and again hit back the zone creating a DOUBLE BOTTOM and again goin up to nearby resistance zone.
support and pivot 2407-2405
if this area is not breached then market will fly back to 2445 zone.
bullish targets : 2415
2421
2433
2445
bearish targets : 2401
2397
2391
2382
2376
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💡 XAUUSD: Analysis May 21Gold increased yesterday, but weakness appeared when yesterday's D1 bar created a bearish pinbar structure with an upper shadow and closed half of the amplitude, at the same time it swept above the previous price peak and then pulled back down. to close below the old peak, potentially creating a false break pattern forming a bullish price trap. This is a sign of a slowdown in price increases. Gold D1 therefore has not yet escaped the cumulative sideways structure. Main trend D1 Gold tends to increase in price.
H1 gold is in the downward adjustment phase of the previous price push up. There may be a complex pullback - consisting of 2 or more small pullbacks. The expectation is that H1 Gold can retest the 2400 round number area below to buy. If the price adjusts further, you can still buy from the support area below.
💡H1 trend: Gold moves sideways.
Today trading idea: Buy Gold.
Focus on observing 2427 resistance
The price is close to the support and is currently rebounding after a decline. The focus today is to observe whether the support is effective and whether the small-level resistance can be broken.
Before that, trade around the 2400-2427 range. If the resistance cannot be broken through and falls below the support, then the short-term rise will be over, and the next prices to be considered will be 2378, 2352, and 2283.
💡 XAUUSD: Analysis May 20The short-term uptrend of Gold H1 has continued with the most recent strong price push up. The price behavior following the upper border to go up and establish a new high price peak reflects good price momentum. But currently H1 Gold has created a price bar completely outside the upper border, reflecting an overbought state that easily leads to a price pullback rather than continuing the upward price trend. The main trend of Gold H1 today is to wait to buy, but wait for the pullbacks to go down and then buy, not to chase above.
💡 H1 trend: Gold increases.
Today trading idea: Buy Gold.
GOLD exchange rate will decrease sharply.This morning, I noticed the GOLD Rate drop sharply. With this momentum, I see that the small candlestick margins have absolutely crossed the MA. If there may be some other robust promoting force, for my part GOLD have to fall deeply to 238x after which make new actions to recover.
>Today I will advocate 2-Way Waves.
>Currently you may wait to observe Sell Gold round 2416>2420
SL 2324
TP 2408>23xx.
Buy in step with Yesterday`s candlestick location round 2405>2408
SL 2403
TP 2412>242x.
Because of the cutting-edge Trend, I see that Gold is straightforward to fall further, so for the time being, anybody simply comply with the fashion to Sell and watch for a brand new response in step with Support Resistance or RSI earlier than Buying later.
GOOD LUCK MN ❤️❤️
Gold hits new ATH - optimistic for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The gold price (XAU/USD) surged to a new high of nearly $2,441 during Monday's Asian session due to expectations of interest rate cuts by the US Federal Reserve and escalating tensions in the Middle East. Both Russia and Ukraine engaged in attacks against each other over the weekend, further boosting safe-haven demand. Traders are now awaiting speeches from several Fed officials, including Bostic, Barr, Waller, Jefferson, and Mester, for insights on future monetary policy. Cautious or hawkish comments from these officials could limit the upside potential for gold.
⭐️ Personal comments NOVA:
Gold price reached a new ATH of $2440 in the beginning of the week, buyers dominated, aiming for new ATH areas to come.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2392 - $2390 SL $2385
TP1: $2400
TP2: $2415
TP3: $2430
🔥BUY GOLD zone: $2417 - $2415 SL $2412 scalping
TP1: $2425
TP2: $2431
TP3: $2440
🔥SELL GOLD zone: $2453 - $2455 SL $2460
TP1: $2445
TP2: $2438
TP3: $2430
⭐️ 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
21 MAY GOLD ANALYSISNews Impact on Gold Prices
Gold prices are significantly influenced by global geopolitical events, which create uncertainty and drive demand for safe-haven assets. Recently, several key events have impacted the price of gold:
Ukraine Conflict: The ongoing war in Ukraine has created substantial geopolitical tension, leading investors to seek refuge in gold. This conflict has contributed to periodic spikes in gold prices as the situation evolves.
Death of Iran's President: The death of the President of Iran has introduced additional uncertainty in the Middle East. Such events typically increase gold's appeal as a safe investment during times of political instability.
Israel-Hamas Conflict: Renewed hostilities between Israel and Hamas have further exacerbated geopolitical instability in the Middle East. Historically, conflicts in this region push gold prices higher as investors seek security.
Houthi Pirate Activities: Increased piracy activities by the Houthi rebels in crucial maritime routes can disrupt global trade and elevate risks, leading to increased demand for gold as a hedge against these uncertainties.
Technical Analysis
Based on the recent technical analysis, the following observations and predictions have been made for gold prices:
Current Trend (as of May 21): Gold is expected to experience a temporary decline to the zone around $2,400. This decline is viewed as a correction within the broader upward trend.
Future Outlook: After reaching the $2,400 zone, gold is predicted to rally and reach new all-time highs (ATH). The anticipated new ATH is projected at $2,482.
Trading Strategy
For traders looking to capitalize on the current and predicted movements in gold prices, the following strategy is suggested:
GOLD STRATEGY:
BUY XAUUSD 2402-2396
SL 2394
TP1 2438
TP2 2450