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Xauusdforecast

Analysis of gold trend outlook The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce, Next week will be an important test for gold. This level has become an important pivot point. ​ Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow on the upside and potentially spell trouble for some bulls. Gold price action so far has been described as a healthy correction. The next major support level is expected to be around $2,255 an ounce. Staying above this level would send a signal to the market that the pullback is nothing more than a weak correction in a strong uptrend. While the Fed and Friday's non-farm payrolls report will be next week's two major economic events, there's still a lot of data coming out that will add to volatility next week. ​ Still, the central theme remains the tug-of-war between economic growth and inflation. 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 this morning had a fairly strong decline.@All Hello new week anyone. Wishing anyone a brand new week complete of energy. Good fitness and worthwhile trading ❤️❤️ @All GOLD this morning There turned into a pretty sturdy decline. This weekend there may be Nonfarm news. Currently, the Gold fee I see is extra at the Sell side. If every person watched the Zoom consultation the opposite day, I shared extraordinarily powerful scalping strategies primarily based totally at the M1 frame. You can switch on MA and backtest again. >With Gold today, in my opinion, anyone must pick out to observe the Selling Trend to be safe. This Temporary Rhythm Everyone Watches Sell Following the fashion round 2330>2334 SL 2336 City 2324>2316. I will watch to promote again to Gold`s assist resistance region underneath 231x after which upload extra. If you want assist with PP or Bot Installation, please touch me❤️❤️ GOOD LUCK MN 😊😊 ----------- Last week, global yellow metallic charges misplaced 2% in comparison to the remaining degree of the week finishing March 19. Kitco News` modern-day weekly gold survey consequences display that retail buyers are more and more more dropping self assurance withinside the treasured metallic, even as analysts continue to be constructive. Accordingly, as much as 70% of analysts forecast that gold will growth this week. This discern for the institution of retail buyers is 40%. Bannockburn Global the Forex market CEO Marc Chandler is one in all individuals who believes that this week's gold rate will circulate in a high-quality route. Chandler believes that gold charges may also take a look at the extent of 2,370 USD/ounce withinside the coming days. The statistics that influences the route of gold this week may be the employment statistics file. He stated that a disappointing jobs file may want to purpose the greenback and yields to fall, even as lifting gold charges. Sharing the identical opinion, Chairman Adrian Day of Adrian Day Asset Management additionally forecast an constructive photograph for the yellow metallic this week. Mr. Day stated that despite the fact that global gold call for has slowed down, it's miles nonetheless growing and that could be a high-quality signal for this treasured metallic. Accordingly, in China, buyers and those are nonetheless pouring into gold to discover a secure haven withinside the context of a vulnerable financial system and the danger of devaluation of the yuan. Besides, buying sports in North America also are converting in a high-quality route. Gold exchange-traded finances are beginning to see a few inflows, after constant and sustained promoting for maximum of ultimate 12 months and early this 12 months. -------
OANDA:XAUUSDLong
by TheLeader_WOLF
Gold bottoms out and rebounds, long trade wins Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30. On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345. Gold short-term technical outlook analysis U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains. Generally speaking, gold tends to benefit in a risk-averse environment, which tilts the risk to the upside. In the short term, gold prices offer a neutral to bullish stance based on the 4-hour chart. Gold prices currently face resistance at the April 25 high of $2,344. If this level is exceeded, gold prices will target the $2,352 level, followed by the $2,400 mark. The latest important support and resistance levels for gold prices: Support level: $2310; $2292; Resistance: $2352; $2368; Gold prices are expected to fluctuate and rise today. Trading strategy: Go short after gold rebounds and go long after it falls. It is recommended to go short near $2345-2350 Or going long near $2320-2310 is also a good choice. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDLong
by Gold_Digger_King
Gold April 26 2024Today is Thursday April 25 6:30pm EST. Here is the daily prediction for tomorrow's price action in the gold market. Caution: Yesterdays prediction could not have been better. Members have made quite a lot and its easy to become over confident. Tomorrow is Friday and we've been trading in somewhat of a tight range. I expect a big fake move to the upside to catch traders who did not participate in the multiple long opportunities so far this week. Then take them out of the market by dropping the price lower. This is some psychology behind the move.
OANDA:XAUUSD
by Mora_Institute
4
Gold technical analysis and trading strategies Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is expected to grow at an annualized rate of 2.5% in the three months to March. Gold prices are trading between the 20-period moving average and below the 100-period moving average, with the former accelerating below the latter, often seen as a signal of increasing selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the relative strength index (RSI) is consolidating around 43. If gold prices break above $2,343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Expectations for gold prices today are mostly mixed. Trading idea: Go short after gold rebounds and go long after it falls. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold price has reached the accumulation thresholdGOLD presently has symptoms and symptoms of the moon returning to be pretty strong. With today`s buying and selling rhythm, I will purchase in keeping with the fashion from M5>H1. And Canh Sell Theo resists and Rsi, everyone >Gold Currently Everyone Watches Gold Following Resistance on the Should and Rsi Over Buy. This Gold Selling Rhythm Everyone can watch the Selling from 3>five costs for me. >Current Trend Gold will maximum in all likelihood growth through 235x once more today. Canh Buy 2326>2330 SL 2324 City 2338>2348. >Attention. Sell ​​accompanied Rsi and resisted. Mainstream Buy in keeping with Main Trends 👌👌 ----NEWS------ In latest sessions, gold charges struggled strongly withinside the context of the marketplace looking ahead to crucial financial information to recognise extra approximately the coverage course of americaA Federal Reserve (FED). US gross home product (GDP) information and private intake expenditure (PCE) reviews may be launched on Thursday and Friday (US time), respectively. Traders are anticipating the Fed`s first hobby charge reduce to take region in September. Matt Simpson - senior analyst at City Index - stated that gold charges should fall sharply if reviews display that americaA economic system stays resilient. Any symptoms and symptoms of sudden will increase will boom the Fed's cappotential to hold advantageous financial coverage for an extended duration of time. That will push the USD and US bond yields up and gold charges down. OANDA senior marketplace analyst Kelvin Wong commented that even though gold charges have slipped in some sessions, the technical attitude suggests the opposite: “Gold's fee motion has formed an average reversion decline after checking out intermediate resistance at $2,420/ounce. Gold charges fell 2.7% on Monday April 22 - the worst day by day overall performance in view that June 13, 2022 (almost 2 years) and persisted to increase losses withinside the Asian buying and selling consultation on April 23. Accordingly, the consultation low of 2,291 USD/ounce represents a cumulative lack of 5.8% in comparison to the latest all-time excessive of spot gold fee (2,431 USD/ounce, April 12). "Now, the trouble for gold charges lies in whether or not the upward fashion has ended or not" - the professional asked. To get the answer, Mr. Wong emphasised a few technical indicators. He believes that those are symptoms and symptoms that gold charges will boom withinside the medium time period. The 50-day shifting average (MA) has a tendency to preserve to assist spot gold charges. “Based on a technical evaluation standpoint, gold charges are nonetheless buying and selling above the 50-day shifting average, consistent with the important thing mid-time period assist sector of $2,260 - $2,210 formerly identified. Besides, the retracement degree withinside the Fibonacci indicator lasts from the bottom degree (October 6, 2023) to the very best degree (April 12, 2024). Additionally, the day by day RSI stays above key assist after exiting the overbought sector. This suggests that the medium-time period upward fashion of gold charges from the low degree recorded on February 14, 2024 continues to be intact" - the analyst.
OANDA:XAUUSD
by TheLeader_WOLF
Gold trade analysis The international gold price continued the downward trend of the previous two days and is currently testing the 2310 support level. Yesterday, the gold price once fell below the 2300 mark, but it rebounded under the stimulation of weaker than expected PMI data. After closing in the red for two consecutive trading days, spot gold came under further pressure during the day and is currently trading around $2,310. Yesterday it hit its lowest point since April 5 at $2,291. The price of gold has tentatively positioned the market in the range of 2300-2342 during the day. There is a battle for two key points. The bottom is likely to rebound around the 2300 mark, while the key resistance above is the fight for 2332. If it can break through and stand firm, it will still be It will continue to test 2342 and 2350. It is recommended to focus on rebound operations during day trading.
OANDA:XAUUSDLong
by Jerome-Leon
Gold trading strategies continue to be bearish Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315. If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above $2,343.00. Spot gold closed slightly down 0.2% on Tuesday at $2,322.03. Gold prices closed below $2,325.90 per ounce yesterday, which makes the corrective bearish trend still valid for some time to come. Currently waiting for gold prices to fall towards the next correction target of $2,280 per ounce. The stochastic indicator is currently sending a clear negative signal, which supports the return of gold prices to the expected decline. Additionally, the 50-period exponential moving average (EMA) is creating bearish pressure. It should be pointed out that if gold prices break through $2343.00, this will stop the bearish correction and push gold prices back to the main bullish trajectory. Gold prices today will be between the support level of $2,295.00 and the resistance level of $2,335.00. The expected trend for gold prices today is bearish. Trading idea: Trade short gold after the rebound 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
Today’s Gold Up and Down Trading Strategy Gold technical prospects are analyzed.Spot gold suddenly fell to $2,305 in the short term and then rebounded to around $2,320. The near-term outlook for gold has turned neutral, with bulls seemingly unwilling to give up. On Thursday, the U.S. will publish preliminary first-quarter gross domestic product (GDP) data, which is expected to show annualized growth of 2.5% in the three months to March. Gold prices are trading between the 20-period SMA and Trading below the 100-period SMA, with the former accelerating below the latter, is often seen as a signal of increased selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the Relative Strength Index (RSI) is consolidating around 43. If gold prices break through $2343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Today's expectations for gold prices are mostly volatile. Trading idea: Trade short gold after a rebound, or trade long after a decline. 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:XAUUSD
by Gold_Digger_King
Correct gold trading advice, winning is not about confusion friends The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges? In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit. If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all. Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend! Correct gold trading advice, winning is not about confusion friends The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges? In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit. If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all. Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend! 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 is still in a correction, please refer to my predictionYesterday I turned into busy with non-public subjects and couldn`t percentage the transaction with the complete family. Tonight I will set up to take a seat down on Zoom to manual and chat with the complete family. >Currently, Gold Overall, I see it's far sideways withinside the fee variety from 231x>2330. Currently, in line with the H4 Trend, I suppose Gold will nevertheless be capable of lower further. With this momentum, I will advise in 2 instructions in order that if Gold breaks thru an Up or Down span, it will likely be smooth for anyone to handle. >Can Buy Gold round 2314>2218 SL 2310 City 2326>2336 >Sell Gold on region 2330>2334 SL 2338 City 2324>2314. >If Gold these days breaks thru the 2338 sector or drops beyond 2310, I will replace more. In contemporary Asia-Europe session, anyone need to observe this slope to trade -----NEWS----- Gold fee forecast However, professionals on Kitco trust that it's far essential to display greater gold fees this week to decide gold developments withinside the close to future. Besides, a few weaker financial statistics from americaA is assisting gold fees. The US provider and production sectors misplaced momentum. S&P Global stated its initial shopping managers` index for the U.S. offerings region fell to 50.nine from 51.7 in March. In the lengthy term, gold remains in an upward trend. However, withinside the quick term, gold may also nevertheless need to witness a deeper correction due to the fact the decline withinside the first periods of the week is not anything as compared to the lengthy boom because the quit of December closing year. ------
OANDA:XAUUSDLong
by TheLeader_WOLF
Gold short-term technical trading strategy Friends, gold has plummeted recently, and opportunities and challenges coexist. Are you ready to welcome your victory? Spot gold suddenly plunged nearly 40 US dollars in the short term, and the gold price just hit a low of 2295.44 US dollars. What happened yesterday was that this important factor that was good for gold prices disappeared. Tehran has played down Israeli drone strikes in retaliation against Iran, a move that appears aimed at avoiding an escalation in the region. Global risk sentiment was boosted by signs that the conflict between Iran and Israel would not worsen. This has eased investors' concerns about conflicts in the Middle East, prompting them to scale back safe-haven trades and instead favor riskier assets such as stocks. Looking at the daily chart of gold, the price of gold has fallen sharply, which may start a more severe corrective decline. Technical indicators are turning firmly to the downside. Gold prices fell below the key Fibonacci support level at $2,326.56, which is the 23.6% Fibonacci retracement of the rise from $1,984.20 to $2,431.43. In addition, gold prices have also fallen below support near $2,310, which will push gold prices down to the next Fibonacci support level of $2,260.70. Therefore, in short-term trading, my suggestion is to short-sell at a high price after rebounding during the decline! Enter short position near $2320. TP: USD 2295-2390 SL: USD 2330-2335 If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.
OANDA:XAUUSDShort
by Gold_Digger_King
XAUUSD: Heading towards 2250$| Get Ready For Another Big SellDear Traders, Yesterday was eventful day, Gold dropped till 2291 area and most of the retails liquidity started coming in the market, and as expected price took out most of the liquidity and took the price towards our first selling entry at 2331. However, we have witness strong bearish control at this point and it is likely to see some strong bearish momentum throughout the day. Our likely entry would be 2319$ targeting these areas first, 2290, 2270 and 2250. Good Luck And Trade Safe.
OANDA:XAUUSDShort
by Setupsfx_
4
Gold continues to pull back, today’s trading strategy analysis Gold plummeted more than $50 today, and has already seen a negative trend during the day. With the market's concerns about conflicts in the Middle East further fading and the continuous hawkish signals from Federal Reserve officials, a sharp decline is expected in the near future. As the impact of the situation in the Middle East subsided, the price fell as low as $2,333 in the short term. However, because the market fell too fast, it indicates that there will be a rebound trend in a certain range. However, the current trend is still mainly downward. Today's trading strategy is still mainly short selling at high prices. Entry is in the 2350-2360 range, with a downward outlook of $2330-2320. The 2365 line above needs attention. If the rebound rises to the 2365-2370 range and stabilizes, a rise back to last week's gold price levels may occur. If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.
OANDA:XAUUSDShort
by Gold_Digger_King
Where will gold fall if it loses strong support?1. The fact that the Iranian government downplayed the attack on Israel and said it would not retaliate has cost the market some risk premium. 2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless. 3. The Israel Defense Forces issued a statement that night saying that the Israeli army monitored about 35 rockets fired from southern Lebanon towards the northern city of Safed and surrounding areas, causing no casualties. Subsequently, the Israeli military fired back at the source of the rocket launch. 4. The Polish President said that Poland is ready to deploy nuclear weapons. 5. Russian Defense Ministry: Russian troops have taken control of the eastern Ukrainian village of Novomy Khailivka. Iran has also made it clear that it will not retaliate against Israel's attack, so the risk aversion sentiment in gold is also falling sharply. The entire sentiment caused by the conflict between Iran and Israel is likely to be completely retreated, and gold is likely to return to where it started. Location. However, there is support from the geopolitical conflicts in the Middle East and the Russia-Ukraine conflict, so there is still some support below gold and it will not keep falling. The golden hour chart is still in a downward trend. For the current market, a larger rebound correction is bound to be carried out after the sharp decline. The high point of the short-term rebound is around 2320.
TVC:GOLDLong
by Donald-king