Xauusdforecast
Gold will continue to search for lows. Gold is for sale now.
The operation still uses the 2370 position as the short-term long-short conversion point. The U.S. session is about to start, and I think a new decline is going to be too, because there is still news from the U.S. today. All can currently be sold at high prices.
The target is about 2354-2358 or lower. Everyone sets it according to their own profit goals.
COMEX:GC1! OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Gold is mainly long, supplemented by short sellingA successful investor is not about how much profit he makes, but how well he controls risks. Since we cannot control the market, we must learn to control ourselves. Those who don't understand the stop loss will get deeper and deeper, and the longer they will get tighter. An investor can gradually become stronger after being baptized and tempered by the market for a long time, and this strength will be continuous and step-by-step. This strength is the foundation for embarking on the road to profitability. I think investment friends still need to have a rough judgment on the market. Looking for analysts is not just for temporary operating strategies. In fact, it is more about learning technology and analytical skills. And improve your own operating habits through the assistance of analysts, etc. If you make good investments while continuously improving your abilities, I believe you will go further on the investment road! After all, investing is a long-term process.
On Wednesday, affected by Federal Reserve Chairman Powell's speech, spot gold prices soared by nearly $33; after the Federal Reserve kept interest rates unchanged and announced that it would slow down the pace of reducing its balance sheet, gold prices rose sharply above the $2,300 mark on Wednesday. Additionally, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on rate cuts for the rest of the year. Powell said that the next step is unlikely to be to raise interest rates, which also makes this NEW conference far less hawkish than market expectations, at least raising interest rates is not on the table. This statement caused the dollar to plummet and stimulated a surge in gold prices.
In today's short-term operation of gold, it is recommended to focus on long callbacks, supplemented by rebounds from high altitudes. The upper short-term focus will be on the 2325-2330 first-line resistance, and the lower short-term focus will be on the 2300-2295 first-line support.
Gold shock correction nears endMarket participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September.
On the other hand, if Fed officials favor a rate cut closer to the end of the year, the U.S. dollar may hold its ground, making it difficult for gold to gain traction. However, policymakers still have several inflation and employment data to assess before September, and they may not send any clear signals on the timing of a policy shift. The market will also see appearances from several regional Fed presidents. Minneapolis Fed President Kashkari will speak in New York; Richmond Fed President Barkin will speak at an event in South Carolina. New York Fed President Williams will speak at a conference in California; Fed Governor Cook will speak in Washington, D.C., and Chicago Fed President Goolsby will speak at the Economic Club of Minnesota.
In terms of short-term rhythm, looking at the market price in four hours, the pressure position is obviously at the integer mark of 2,400 US dollars, and there is no physical closing line above 2,400 US dollars. At best, it was suppressed by a virtual break of $2,400. However, as the market price hit the $2,400 mark many times and failed to form an effective breakthrough, it then adjusted downward and corrected, which is what we often talk about accumulating strength. If US$2,400 to US$2,292 is regarded as the first wave downward revision, then US$2,252 to US$2,282 is the third wave downward revision. The correction decline is not a decline in the main trend, and the maximum correction wave does not exceed three waves. And the decline in each wave will be compressed. This wave, which is the third wave correction, will be based on the high point of $2327. Combined with the double bottom position of 2267, there is a high probability that the correction will be completed at the $2267 line. So that means the area around $2,267 is what we think is the correction low.
In terms of specific layout, the third wave of downward revision has not yet completed, and next week it is still necessary to make a high-altitude pullback layout, and then retrace $2,267 before making a backhand. At the beginning of the week, focus on 2310 to suppress the first short-selling layout. Below, focus on the 2292, 2282 and 2267 positions. Focus on the first-line opportunity of touching 2267, and start to place long orders on the backhand. When the correction is completed, the bulls will return! Taken together, in terms of short-term gold operation ideas next week, Jin Shengfu recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2308-2310 first-line resistance, and the bottom short-term will focus on the 2265-2267 first-line support. All friends must keep up. Rhythm. It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
Gold is under pressure and has a bearish trendIn early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week will usher in the U.S. April ISM Manufacturing PMI, the Federal Reserve’s monetary policy decision, the April employment report, and the April ISM Non-Manufacturing PMI. The market initially expected the first U.S. interest rate cut to be in March. However, as the United States has successively released strong economic data, expectations have been postponed first to June and now to September.
This Wednesday will usher in the U.S. ISM Manufacturing PMI for April and the Federal Reserve’s monetary policy decision. . The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Jerome Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The initial reaction could trigger a sharp drop in U.S. Treasury yields and boost gold. After the March policy meeting, Powell noted that strong inflation data in January and February could be due to seasonal factors. Market participants will also be closely watching Powell's comments on the inflation outlook. If Powell adopts a concerned tone on recent inflation developments, the dollar could remain resilient against its rivals, limiting gold's upside. Finally, if Powell downplays the disappointing first-quarter GDP data, investors may view this as a hawkish tone, making it difficult for gold to gain upward momentum.
Strategy 1: Gold rebounds near 2337-2340 and goes short (buy down) in batches. The target is around 2330-2325. If the position is broken, look at the 2300 line.
Strategy 2: Gold will go long in batches around 2315-2320 (buy up), target around 2340-2345, and look at the 2050 line if the position is broken.
2368 is the key point, a double bottom cannot be ruled out
Gold currently continues to focus on the resistance near 2368, which is the focus of the current trend shift, so if you are trading in the general trend, this position cannot be ignored.
If it cannot break through 2368, bulls may counterattack at any time, so the risk of going long at a low level is relatively small.
But once it breaks through 2368, you need to be wary of another outbreak of shorts. If you want to chase longs, you must be cautious. As long as there is profit, you must not be too greedy. Taking profits in time is the safe way to trade.
The view of the general trend remains unchanged, the strong resistance for rebound is 2368-2383-2391, and the short target is 2280-2230-2200. I wish everyone good luck and feel free to leave me a message if you have any questions.
XAUUSD- Gold price cannot cool down in the short termGOLD nowadays is going for walks above the 235x zone. With this rhythm, on body D1, I see that the candles are going for walks absolutely above the MA. In addition, as on Zoom final night, I additionally stated that Gold will without difficulty react barely with the parallel resistance location at 2356>2360.
>If at this Beat Gold will increase strongly thru this Zone, it's miles probable that Gold will growth strongly once more with the aid of using 238x.
Today you may confer with Canh Buy GOLD round 2348>2352
SL 2346
TP 2360>237x.
Surely Gold can have mild declines. But for now, nowadays I will observe the primary Trend`s Plan to trade. If there's any new information, I will replace greater everyone ❤️❤️
XAUUSDGold price has shifted to a bearish trend on the 4-hour timeframe after completing an Elliott Impulse Wave 12345 & ascending trendline breakout and is now following an Elliott Correction ABC. Entry for selling is recommended after the correction reaches 50% to 61% retracement, confirmed by bearish price action signals.
XAUUSD:Bulls still have another chance to attack
Gold began to rebound after falling to near the starting point of this rise. Now it is approaching the resistance level, the indicators have begun to weaken, and it is facing another direction choice.
If it breaks through, there will be a large rise, followed by a downward trend. If it cannot break through and falls back first, it means there is another chance for an upward move, so the trading strategy is to go long at a low level.
In the large-level time cycle, shorts are still the main force, with strong rebound resistance at 2368-2383-2391. The short trend of the large-scale cycle still maintains around 2280 or even around 2230-2200.
Gold prices maintain range adjustmentGold last week was generally recovering from Monday's sharp decline. During the week, it once retreated downwards and broke through the 2300 integer mark to reach around 2291 and rebounded. Gold prices were supported above 2320 throughout the day on Friday, maintaining bullish shocks, rebounding and repairing, and accelerated higher before the US market in the evening, breaking through the 2352 mark to close. The daily K-line closed higher, fell back and fluctuated with a cross K, and the overall price was still operating within a wide range of long and short shocks.
Looking at the gold daily chart, in the daily K, the stochastic indicator is mainly in the dead cross, and no golden cross is currently formed; therefore, it cannot be said that the trend has reversed the downward trend for the time being; the central axis track supports the position around 2290. From the 4-hour chart, BOLL continues to trend flat, but the pressure on the form is BOLL's upper track pressure, the stochastic indicator crosses, and the weekend news is not strongly positive, launching an impact. In addition, the previous trend was a correction after a sharp decline; in 4 hours, it is recommended to follow the BOLL track and choose to go short on rallies;
On the whole: it is recommended to choose the idea of shorting on rallies; the short-term reference positions during the day are around 2340; and the position near 2350, two pressure positions, shorting, and the game continues downward;
Gold operation strategy:
It is recommended to go long on the retracement of 2315-2320, with the target of 2335-2340.
It is recommended to go short on a rebound of 2350-2348, with a target of 2340-2335.
Gold fluctuates repeatedly in downward trendTraders see a 64% chance of the Fed cutting interest rates in September, according to CME's FedWatch tool. Lower interest rates will make holding non-yielding gold more attractive. Data on Friday showed that U.S. job growth slowed more than expected in April, while year-on-year wage growth fell below 4.0% for the first time in nearly three years. New York Fed President Williams said on Monday that the Fed will lower its interest rate target at an undetermined point. Investors are paying close attention to the latest developments in the conflict in the Middle East. Palestinian militant group Hamas agreed on Monday to a Gaza ceasefire proposal put forward by mediators, but Israel said the conditions did not meet its demands and continued its strikes in Rafah while planning to continue negotiations to reach an agreement. The gold market continues to face significant upward pressure as it is used to protect wealth from devaluation as well as global geopolitical issues.
Gold technical analysis: Gold prices maintained an upward trend on Monday. In early trading, the price fell back to the 2291 line and rebounded. Asian, European and American markets continued to fluctuate and rise, reaching a maximum of 2332 and closing at 2324. The price fluctuates in the range of 2335-2277. Today, continue to focus on the upper resistance 2332-2338 and the lower support 2281-2277. The short defensive position is currently at the 2352 line. Only by breaking through and stabilizing the 2352 line can the end of this downward trend be confirmed.
In terms of gold's short-term operation today, it is recommended to go short on rebounds and long on callbacks. The upper short-term focus is on the first-line resistance of 2330-2332, and the lower short-term focus is on the 2281-2277 first-line support.
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💡 XAUUSD: Analysis May 24Gold had its second sharp decline in a row, continuing to create a price bar in the form of a bearish marubozu candlestick pattern with a wide range, showing that the downward price thrust is maintained. The false break that created the bull trap above is actually forming a downward thrust in accordance with technical analysis theory. Gold D1 chart structure is currently moving sideways in a bullish trend.
H1 gold continues to have a downward momentum with strong momentum, shown by its high slope and price behavior sticking along the lower border to go down. The bearish model in the form of a Parabolic Curve also confirms a strong downward force, but an excessive state may have formed, making it easier to rebound than to continue decreasing. Today's expectation for H1 Gold is to catch the rebound to sell down from above, not chase down from below.
💡 H1 trend: Gold decreases.
Today trading idea: Sell gold.
💡 XAUUSD: Analysis May 27After 3 consecutive days of decline, especially the last 2 days of strong decline, Gold D1 rebounded at the end of the week. But considering that bar D1 increased with a narrow amplitude and an upper shadow, and closed below half of the amplitude, the upward push was insignificant, and was even still blocked from selling from above. D1 Gold chart structure is reflecting a sideways trend in favor of price increases.
The main trend of H1 Gold is still down, shown by the gradually lower top and bottom structure. The current bullish cross pullback period can create a bear flag pattern - a chart pattern that continues the downward price trend. The main trend of H1 Gold today is to wait for selling from the resistances above.
💡 H1 trend: Gold moves sideways.
Today trading idea: Sell Gold.
XAUUSD - still full of potential for investorsLast week, international gold fees continuously "plunged" after breaking all of the information conquered in April. Kitco News`s present day weekly gold survey consequences confirmed that greater than 3-quarters of professionals accept as true with gold fees are strong or will fall withinside the close to term, at the same time as 1/2 of of retail buyers nonetheless accept as true with the treasured steel may want to pass better withinside the coming days.
Looking at gold's fluctuations remaining week, senior marketplace analyst Darin Newsom of Barchart.com stated that gold is probably to say no this week.
Sharing the equal view, Bannockburn Global the Forex market CEO Marc Chandler additionally sees similarly disadvantage dangers for gold withinside the close to future. According to Chandler, the cause gold set a document excessive early remaining week at 2,450 USD/ounce became due to the fact the marketplace reacted to facts associated with the coincidence that claimed the lifestyles of the President of Iran. However, the power of the USD triggered gold to be offered off and plummet to almost 2,three hundred USD/ounce.
Besides, the lower in call for for gold from Chinese buyers is likewise a drawback for this treasured steel. Chandler forecasts that gold's preliminary resistance this week is at $2,375/ounce. Support is withinside the variety of $2,275 to $2,three hundred according to ounce.
Market strategist Colin Cieszynski of SIA Wealth Management is impartial on gold this week. He stated that the gold marketplace may be quiet this week with out essential events.
Reports launched this week include: Consumer self assurance record, initial record on GDP withinside the first sector of the US, weekly unemployment gain applications, pending domestic sales, Personal intake expenditure reviews at the side of non-public profits reviews withinside the US.
Meanwhile, Chairman Adrian Day of Adrian Day Asset Management believes withinside the power of gold with the expectancy that the marketplace will witness a healing after a first-rate sell-off remaining weekend. Gold's resilience to any decline in fees during the last 3 months has been astonishing, he stated.
Sharing the equal positive view, senior commodity dealer Daniel Pavilonis of RJO Futures stated that the latest decline in gold fees simplest lasted for a brief time and that is a shopping for possibility for buyers. Pavilonis predicts that this treasured steel will probably boom to 3,000 USD/ounce. If the Fed loosens financial policy, gold fees will boom even greater.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this educational video, we delve into the recent surge in gold prices. There has been a notable uptick in gold prices, with XAU/USD recently surpassing the $2,400 mark, for the first time in almost a month. This surge in gold prices has piqued the interest of traders and investors, prompting speculation about the underlying factors driving this upward trend.
The relationship between gold prices and the 10-year US yield, which has remained steady at around 4.4%, has been a focal point for market observers. The cautious sentiment prevailing in the market in recent weeks has provided a supportive backdrop for XAU/USD, offering a degree of stability amidst ongoing uncertainties.
A key development that has influenced market dynamics is the release of softer-than-expected US inflation data for April. This has raised hopes among market participants for potential rate cuts by the US Federal Reserve (Fed), fueling bullish momentum and hinting at potential shifts in market behavior in the near future.
However, the Fed's cautious approach to maintaining higher borrowing costs has introduced a note of uncertainty. The central bank's reluctance to rush into interest rate cuts has the potential to strengthen the US Dollar (USD) and exert downward pressure on gold prices, as higher interest rates could dampen demand for the non-yielding asset.
In light of this recent twist in the perspective of the Fed, how will the market react? This video gives a detailed understanding of the behavioural patterns of market participants ahead of the upcoming week.
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our focus for the upcoming week is the crucial $2,400 zone, which has significant historical importance and is likely to influence trading activity. If gold maintains its momentum above this level, we could see continued buying interest and potentially new highs. On the other hand, if prices fall below $2,400 and selling pressure continues, it might indicate a shift back to bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
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Disclaimer Notice:
Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
Gold remains bearishThe strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased by 192,000 in April, far exceeding the expected 175,000, showing the strength of the labor market. Salary growth slowed: Salary growth for those who changed jobs fell from 10.1% to 9.3% year-on-year. Although it is still higher than the level at the beginning of the year, it shows a certain slowing trend.
Against the backdrop of strong ADP employment data, the Fed's monetary policy decisions have become more complicated. The gold market will pay close attention to the Fed's next moves, as these decisions will directly affect gold's safe-haven demand and investment value. Investors should remain vigilant during this critical period and carefully evaluate market dynamics.
The market is in a weak position, with pressure at 2306 and 2315. Therefore, if you want to short during the day, you must first pay attention to whether 2300 breaks. If 2300 does not break, gold will go short under such extremely weak conditions. Look at the trend point below at 2250. If 2300 breaks and the strength changes, this wave can still rise to 2315 and 2330 highs.
💡 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.
XAUUSD SWING BUYLIMIT PROJECTIONKEY POINTS:
Analyst says gold to drift back to $2,355 if dollar keeps upward momentum
Fed minutes reflected discussion of possiblefurtherhikes
Price rise likely to temper discretionary gold buying - ANZ
Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates.
Spot gold
GOLD
fell 0.6% at $2,365.49 per ounce, as of 0638 GMT. Bullion hit a record high of $2,449.89 on Monday.
U.S. gold futures
GOLD
were down 1.1% at $2,367.60.