Gold latest trend analysisGaza ceasefire talks broke down last Thursday and representatives from both sides left Cairo. Habas said Israel used negotiations as a cover to attack Rafah in order to escalate its war against Gaza. Israel said its troops would be stationed in Rafah regardless of whether an agreement was reached. And operations continue in Rafah and other areas of the Gaza Strip. In addition, the Houthi armed forces have stated that they will target ships related to any company that transports or supplies goods to Israel. Hamas said on Saturday that it had not suspended or withdrawn from negotiations and that the occupying power had turned against the mediation plan.
Last Friday, Fed officials gave a hawkish speech. Bowman said that the Fed's policy should be advanced cautiously and prudently, and that it needs to maintain policy stability for a longer period of time. There is no need to cut interest rates this year; Logan said that the economy is not yet in a soft landing, and inflation in the first quarter The data is disappointing, there are important upward risks to inflation, and it is too early to consider cutting interest rates; Goolsby said that in view of rising inflation, we must wait and observe the policy situation. If rising inflation means that the economy is overheating, we must take all necessary measures to bring the inflation rate down. down to 2%; Kashkari said he is cautious about the restrictiveness of monetary policy. If inflation allows, interest rates will remain stable and he does not rule out the possibility of another interest rate increase.
In terms of operation, it is recommended to treat it with an oscillatory approach. Currently, gold is testing lower. The lower support can focus on $2,334, followed by $2,320. If the gold price stabilizes, the upper pressure can focus on $2,355, followed by $2,364.
Xauusdforecast
This is a golden analysis to help you make money.Gold prices climbed more than $30 on Wednesday as the dollar and U.S. Treasury yields fell after the Federal Reserve's interest rate decision and Chairman Jerome Powell's speech. In addition, due to higher-than-expected inflation in the first three months of this year, this week the Federal Reserve, after keeping interest rates unchanged as scheduled, also admitted that recent inflation has not been going well, and at the same time officially announced that it will begin to slow down the pace of balance sheet reduction in June; and Powell said that next time The meeting is unlikely to raise interest rates. Interest rate cuts and interest rate increases have their own paths, depending on the data, giving a signal that they are still leaning toward an eventual interest rate cut; and the number of people filing for unemployment benefits on Thursday is also likely to increase. There is a high probability that Friday's non-agricultural data will also be lower than the previous value, which will provide some support for gold prices. Therefore, the trend of gold prices at the end of the week will tend to remain volatile or rebound and strengthen.
100% Gold AnalysisAfter the recent continuous fluctuations in the gold trend, the short-term bulls finally broke through the defense, and the price broke through 2323 and then started a unilateral decline! The lowest level reached 2284. From the daily line of gold, it fell to around 2291 at the beginning of last week and then rebounded. Then it rebounded to the highest level of around 2352 on Friday and then fell back. This week continued the weakness of last Friday. On Tuesday, it fell sharply by 50 US dollars and directly broke through the support near 2291 last week, setting a low since April 5; the daily line closed with a bald big negative line, and it will continue to fall during the day. The first support below is 2265. Once it breaks, it may reach around 2230. The market is optimistic that the Federal Reserve will send a hawkish signal. The US dollar index rose sharply to above 106, and gold fell under pressure. Although the Federal Reserve meeting did not move, Powell’s press conference will inevitably reiterate his hawkish remarks, so gold is bound to continue to fall. For intraday operations, you can refer to the 2305 area to enter a short order and look at around 2270.
Gold’s pullback gives opportunity to go longLast Friday, as weak U.S. economic data supported the possibility of the Federal Reserve cutting interest rates, the price of gold rose sharply, once rising to 2,378. Investors are paying attention to Powell's speech this week, as well as CPI data.
Gold's rise and fall are basically in place. On the one-hour line, bulls are firmly holding the key watershed of 2352, and the first support level of the moving average has now reached the 2360 line. Although the price of gold fell slightly below the moving average support level, the daily closing positive last Friday gave us a clear direction.
💡 XAUUSD: Is the gold trend clear yet?After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish pin bar model on daily. Therefore, buying at this time still has many potential risks, you should wait and observe more.
XAUUSD UPDATE (looking for Bullish)
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD for Coming Week Looking for Bullish limit Around 2345-2340, There is a String Support Resistance Level ,
Gold Broker the Key Horizontal Level around 2352$ which is Support level now And the Price going down to Retest the new Support from we willbe Expecting a Move Back
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday.
I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish.
Confluences for GOLD sells are as follows:
- Price has slowed down after an impulsive move last week indicating a correction.
- Price is inside an 8hr supply zone and wyckoff distribution is playing out.
- Imbalance and liquidity below that needs to get mitigated.
- Demand zone on the 19hr around 2320, looking interesting for the next rally.
P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions.
Have a great trading week guys!
XAUUSD | GOLDSPOT | New perspective | follow-up detailsWe dive deep into the recent movements of Gold (XAUUSD) following the release of the US Nonfarm Payrolls (NFP) data. On Friday, Gold initially surged to the $2,310 zone after the NFP numbers missed markets' expectations, signalling a cooling jobs market. However, bears quickly took control, pushing the price back into a demand zone identified on the chart.
The positive tone to market sentiment, driven by a rally in equity markets, may have contributed to Gold's decline, despite its safe-haven appeal during times of crisis. Additionally, the likelihood of the Federal Reserve cutting interest rates sooner than anticipated could weigh on the US Dollar (USD), as evidenced by sliding US Treasury yields.
Fed Governor Bowman's hawkish remarks, expressing willingness to hike rates if inflation stalls, and the solid US employment report further shaped market expectations. In this video, we analyze these developments and decipher the potential behavior of the XAUUSD market as we head into the new trading week.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives.
Our focus for the upcoming week centres around the $2,285 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,285 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment.
Join me as we unpack the implications of these factors and explore possible 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.
#GoldAnalysis #XAUUSD #NFP #ForexTrading #MarketAnalysis #TradingStrategy
#GoldMarket #SafeHavenAssets 📺🔔💼
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Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
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XAUUSD I Riding the Bullish Momentum Welcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
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How to trade gold after it rises sharplyGold has been rising slowly today without any correction, but it is not yet certain whether the rise in risk aversion can continue to amplify. Gold will continue to rise, and there must be news to stimulate further support. Gold has now reached the early intensive resistance area, and beware of a pullback under pressure.
💡 XAUUSD: Strong upward momentumGold prices increased sharply in the past session, forming a marubozu candle on the daily frame, showing that buying pressure is very strong. This move reinforced the previous triangle pattern breakout signal, suggesting the possibility of the price returning to an uptrend. Please pay attention to the current resistance level of 2350-2360. If it is broken, the price could extend its upward momentum and move towards the ATH level, then you can consider new buying positions.
💡 XAUUSD: Which "power" will lead the upcoming gold price?Recent data and information show that the US Federal Reserve - the Fed is still leaning towards cutting interest rates this year. Especially after the recent NFP employment data showed that the labor market cooled, creating conditions for the Fed to act more easily. However, the US interest rate situation is still quite ambiguous as the markets showed caution in yesterday's trading session.
This week, investors will have the opportunity to listen to the speeches of many major central bank officials, not only from the US but also from the European region, and the focus will be the ECB meeting minutes. The interest rate decision of the Bank of England announced on Thursday this week will also greatly affect the monetary market in particular and the financial market in general in the near future.
In addition, it is worth noting that the Central Bank of China continues to be actively net buying in the precious metals market for the 18th consecutive month, adding 60,000 troy oz to its reserves regardless of gold prices. higher. Showing that the demand for physical gold is still very large for "huge" financial institutions.
XAUUSD skyrocketed overnightXAUUSD sell 235x
TP 233x
SL 236x
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"We are seeing the effect of expectancies of the Fed reducing hobby charges and investor forecasts approximately the timing of the subsequent adjustment," David Meger - Director of Trading and Investment at High Ridge Futures commented on Reuters. .
Yesterday`s information confirmed symptoms and symptoms of a weakening process marketplace, reinforcing expectancies that the Fed will decrease hobby charges earlier than forecast. This sentiment helps treasured metals markets, which includes gold and silver.
Gold costs regularly circulate inversely with hobby charges. Low hobby charges will lessen the possibility price of conserving treasured metals. CME FedWatch hobby fee tracker suggests that traders anticipate a 67% danger of the Fed reducing hobby charges in September.
"US employment information has supported gold costs. Shelter shopping for appears," stated Bob Haberkorn - senior marketplace strategist at RJO Futures.
Next week, traders will get hold of the United States purchaser fee index (CPI) report. This metric has the ability to have a prime effect on asset markets.
In addition to gold, different treasured metals additionally accelerated in fee yesterday. Silver rose extra than 3% to $28.20 an ounce. Platinum rose 1.1% to $9.82. Palladium brought 1.8%, approaching $970 an ounce.
XAUUSD Technical Analysis and Trade Idea Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H that might just flip the 4H trend bullish. In our video, we break down the trend, discuss price action, market structure, and we dive into some key technical analysis concepts. Included toward teh end of the video is a trade idea. Just remember, this info is for educational purposes only, it's not intended to be financial advice.
Yesterday’s short gold profit was huge, can it continue today?Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320.
Gold has shot up many times and then fallen back. There are many resistances above, so there is a possibility of a sharp decline at any time.
💡 XAUUSD: Gold price struggles around important milestone!The above resistance level will be the focus on today's gold price chart. If successful, bulls will hope to bring the price back to its historic peak above the $2,400 mark. However, it is difficult for short sellers to see the above scenario happen easily, especially when their potential target around the $2,305 mark has not yet been completed.
In terms of trading volume, the decline of this indicator is showing that the market's moving momentum is weakening quite a lot. After a week with two blockbuster news, this week's economic calendar does not have many highlights other than the two central banks of Australia and the UK announcing their latest interest rate policies on Tuesday and Thursday respectively. Year.
XAUUSD is still moving sideways within the 20 price rangeFrom the previous day till now I see Gold`s Bien transferring round 10>15 in price. There are 2 regions that I assume so long as Gold breaks, it's miles very possibly that the Trend will run in that unique direction.
>With cutting-edge Gold breaking via the 2020>2022 Zone, it's going to maximum possibly boom sharply to 234x.
>On the contrary, if cutting-edge Gold drops beyond 2300, you may absolutely promote it to 228x.
>With the marketplace jogging like this, I recommend all and sundry to visit a small Vol so that once Gold's Trend is Clearly Shown, then you may visit a bigger Vol.
>Asia Session I will Watch to Buy Gold Everyone Please Watch to Buy GOLD round 2305>2308
SL 2302
TP 2316>232x.
>I will await Gold to react above the 2320 quarter. If it can not byskip this threshold, you may purchase Gold to this quarter and wait to Sell ❤️❤️
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Many latest forecasts say that gold could be below downward stress this summer, probable in May-June due to the fact the Fed will nevertheless postpone reversing financial policy, thereby inflicting the USD to face at a excessive level.
However, steadily toward the quit of the year, gold will boom once more and might attain a brand new peak. The Fed is presently very involved that inflation might also additionally upward thrust once more and that if it cuts hobby quotes early, it can now no longer be capable of manage commodity charges.
Some nations inclusive of Indonesia had been lately pressured to elevate hobby quotes, regardless of the economy`s declining growth. But americaA is different, the USD may be very robust so the Fed will simply look ahead to the proper time to lessen hobby quotes, perhaps round subsequent September.
When the Fed reduces hobby quotes, the dollar weakens, and gold charges will boom rapidly. Gold additionally advantages withinside the context of globalwide instability and conflicts happening in lots of places. Nuclear dangers also are growing.
A must-read gold analysis for traders.After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline. Therefore, it may continue to fluctuate this week. Then, if there is no absolute unilateral situation this week, it will Look at the shock range. From a technical point of view, the daily line continued to be negative last week, and the K line was suppressed below the 5-day and 10-day moving averages. Therefore, overall, it is currently weak, but it should be noted that the support points concentrated last week The level of 2280 has not been broken. After the non-agricultural data was bullish, it first rose and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral position. Therefore, for this week’s market, 2280/2276 is the key point of the strength trend. If it breaks this range, we will look at the unilateral downside space in the market outlook, and then look at the low of 2250. At the top, we will focus on the moving average suppression point of 2320. If gold exceeds this point, it will become stronger, and we will look at the room for big gains, and then look at the high of 2352.
The short-term 4-hour performance is also relatively obvious. Bollinger closed, the moving averages are glued, and the K-line combination has no direction. The beginning of the week is dominated by shocks. Therefore, effective shock accumulation can be done in the 2320/2280 range, and the upper and lower rails can be waited for when the position is broken. After pulling away Bollinger, look at the unilateral market trend. As for the intraday market, it closed around 2301 last week and fell directly to 2291 at the morning opening, but then rose rapidly and pulled back to the high point again. The follow-up operation is recommended to rebound into short positions. Today’s focus is on pressure near 2320, and the rise If gold breaks this point, it will strengthen and look for big upside, and then look at the high of 2352. Below, first focus on the support near 2290, and then the defense near 2280.
Gold price falls back to bullish trend"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market."
The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the US market, it strongly recovered the lost ground and hit a new weekly high of 2400. And closed at a high level.
Taken together: today's short-term, follow up and go long; the top and bottom conversion support position is around 2390; other positions are not considered; as for short orders, they are not considered for the time being; go long here at 2375-2380, and continue to go long with the trend.