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Xauusdforecast

💡 XAUUSD: What do you expect from Gold?World gold spot price stands around 2,325.7 USD/ounce, up 1.7 USD/ounce compared to yesterday's trading session. Gold futures price in June 2024 on the Comex New York floor is at 2,336.6 USD/ounce. At the beginning of the trading session on May 6 (US time), world gold prices increased sharply in the context of improved risk aversion among investors. Adrian Day - Chairman of Adrian Day Asset Management - forecasts that gold still has many factors to increase its price in the near future. Many major banks around the world say that the gold market has almost eliminated all pressure from the Fed's monetary policy and expect to see many new record prices set this year.
OANDA:XAUUSDLong
by Stone_Haven
World gold price todayWorld gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot. The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree in approximately a month as a these days launched file confirmed a weakening US process marketplace, which raised expectancies that americaA Federal Reserve (Fed) ) will reduce hobby fees this year. ActivTrades senior analyst Ricardo Evangelista stated that the quantity of jobs created final month became an awful lot much less than the network forecast, with slowing salary increase prompting the Fed to bear in mind economic cuts. coverage foreign money this year. According to the FedWatch tool, following the file, the marketplace elevated the chance that the Fed will make its terrific reduce in September to 71%. Evangelista stated that buyers will watch for the expressions of a few Fed officers this week to have extra hyperlinks at the economic coverage course of the Bank of America. This professional additionally stated that tensions withinside the Middle East can be a element helping gold this week.
TVC:GOLDShort
by MrTrongVo
💡 XAUUSD: Forecast for the first week of MayAccording to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over the same period to 1,238 tons - the strongest first quarter of the year since 2016. The first quarter showed no slowdown in central bank gold purchases, with net purchases of 290 tonnes being added to official holdings, only a fraction of which is currently reflected in IMF data. However, last week Gold is showing an ongoing downtrend. Will gold turn around or break ATH?
OANDA:XAUUSDShort
by Stone_Haven
XAUUSD Shorts from 2340 down towards 2300My analysis for gold this week aims to sustain the short-term bearish trend it has initiated. I have identified two promising supply zones away from liquidity that could potentially provide favorable setups. If price retraces initially, I will consider buying from my 4-hour demand zone up to the supply, ensuring I capitalize on available opportunities. I'll wait for price to slow down and develop a Wyckoff distribution within the 1-hour supply zone. However, there's a possibility of price surging beyond it due to the existing imbalances above. This is because the supply zone I've identified at the extreme top is the most optimal. Additionally, there's still significant liquidity to the downside that must be addressed. Confluences for GOLD sells are as follows: - Price has caused a major shift in trend as well as a BOS to confirm this downside move. - Lots of liquidity left to get taken to the downside like Asia lows and trendlines etc. - Very clean supply away from liquidity on the 1-hourly as well as the 8-hourly - If price is still wanting to go up these are still key levels for retracements. - Gold has been very bullish and buyers are getting exhausted. - Price has also taken ATH's which is a major liquidity point for price to make a reversal. P.S. Given the ongoing war, gold tends to maintain its stability and continues to rise, being a robust commodity that doesn't always correlate with the dollar index. At present, I'm awaiting the activation of my points of interest (POIs) to initiate my strategy.
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in February. The robust inflation figures dampened Gold's attractiveness as they dampened expectations for Federal Reserve (Fed) rate cuts in the upcoming September monetary policy meeting. Traders responded by scaling back their bets on Fed rate cuts, influenced by the persistently high GDP Price Index, which surged to 3.1% from the previous 1.7%. According to the CME Fedwatch tool, the probability of a rate cut in September now stands at 59%, down from 69% just a week ago. Given these developments, the outlook for Gold in the coming week remains uncertain, especially with several high-impact events on the horizon. How will Gold prices fare amidst these significant economic indicators? XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,350 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 $2,350 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: 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. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
PEPPERSTONE:XAUUSD
by darcsherry
1
gold prices dropped sharply, the 226x area is becoming clearerWorld gold costs are generally calculated in USD; Therefore, whilst the USD charge is going up, the gold charge generally is going down. However, recently, this not exists as a rule. Many instances whilst the USD charge is going up, the DXY index is going up however the gold charge nonetheless is going up. This approach that, similarly to the effect among the USD and hobby costs on gold costs, there are nonetheless different factors, specially investors` expectancies. Gold costs reversed path after rebounding above key assist nowadays, despite the fact that the yellow metallic's momentum become hampered with the aid of using continual expectancies of better hobby costs for the longer term. America. The yellow metallic again to the $2,300/ounce mark in in a single day buying and selling after americaA Federal Reserve (FED) quashed expectancies of any in addition hobby fee hikes - which pulled the greenback decrease costs and produce a few comfort to commodity costs. But the Fed nonetheless signaled that it's miles in no hurry to begin slicing hobby costs - a fashion this is anticipated to restriction any primary profits in gold costs. The Fed saved hobby costs regular on Wednesday, as broadly anticipated. But FED Chairman Jerome Powell, in his speech after the meeting, gave particularly combined indicators approximately the improvement of hobby costs. While Powell stated that delaying deflation - specially as inflation strategies the Fed's 2% target - offers the financial institution little self assurance in beginning to reduce hobby costs soon. But Powell additionally stated that the financial institution has no plans to elevate hobby costs in addition. The latter's remarks weakened the greenback, dragging it close to a six-month excessive. This pass allows particularly lessen metallic costs, which might be struggling a pointy decline earlier than the FED meeting. However, the chance of US hobby costs final excessive for a long term has affected the outlook for gold costs, specially whilst the secure haven for the yellow metallic has additionally fallen in latest sessions. Other valuable metals rose nowadays after falling sharply in advance this week. Platinum futures rose 0.6% to $968.30 an ounce, at the same time as silver futures rose 0.3% to $26,825 an ounce.
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold short-term trading strategy Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80 On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come. Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00. The expected trend for gold prices today is bearish. It is recommended to short gold near $2,300 I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold trading strategy analysis Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation. First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and prices falling. Second, economic factors: global economic growth is slowing down and demand for bulk commodities is weakening. U.S. data continued to rebound, consumption was weak, and global risk assets suffered a sell-off. This is especially true as Cyprus plans to sell off its gold reserves, sparking concerns that other countries may follow suit. Well-known international investment banks such as Goldman Sachs and Merrill Lynch began to collectively lower their expectations for gold prices, causing investors to sell in panic. For today's gold on Tuesday, the price fell below the ascending channel line and finally rebounded to determine the resistance area 2330-2332. This is a defensive suppression range and continued suppression is effective. If the price falls below the 2315-2312 area, if it falls below, then look for Go to the next 2303-2300 area, and then look for the 2388 and 2366 ranges The next thing to do is to use the top of the starting and falling points as a defense, and then continue to hold gold high, watch the price accelerate to test the 2315-2312 area, and switch the range downwards if the position is broken. My suggestion is to go short around $2320-2310, with a stop loss of $2335 and a target of $2302-2300. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results
OANDA:XAUUSDShort
by Gold_Digger_King
Gold XAUUSD Day trading Uptrend {30/04/2024}Educational Analysis says Gold XAUUSD may move in this range for some time according to my technical. Broker - This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, maybe long for the premium level in the 4-hour time frame, plus 1 min time frame has turned bullish also has Change of Character look on So I will be trading this pair for a 1:20.93 risk-reward ratio for long-buying. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
FOREXCOM:XAUUSDLong
by VishalBudhrani
2
Gold bull market will continue Gold has experienced a unilateral rise in the recent bull market, and finally reached a new all-time high and was blocked near 2430. Then it ushered in a collapse and fell back, with the lowest falling to around 2290 to be supported. However, the decline has not been well extended and has not continued to fall, indicating that there is still a large amount of buying support below. At the end of last week, the price fluctuated and slowly rose to around 2354. The callback low began to slowly move upward, and it held the 2330 mark at the end. There is a possibility for bulls to make a comeback. Gold fluctuated and slowly rose to around 2354 last Friday, the correction low began to slowly move upward, and ended up holding the 2330 mark. 2430 is a clear peak, and the 2400 mark has not been successfully surpassed by multiple shocks. Now it is poised to collapse from high levels and fall back, and the decline is expected to continue. However, since the bulls are still in a bull market, there is still a large amount of buying support, and further declines will require the bulls to digest the momentum. Next, we will see whether this rebound can stabilize the 2355 watershed. Once it stabilizes, there will be no advantage in shorting. Today we will focus on the support near 2325. If it stabilizes the 2330 mark, then we will see a rebound. Gold Strategy: Go long near $2,325 Stop loss $2310 Target $2335-2345 I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDLong
by Gold_Digger_King