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Xauusdidea

GOLD FORCASTThe current analysis indicates a bullish trend for OANDA:XAUUSD , provided it stays above the pivot line at 2410. the price seems poised to consolidate between 2430 and 2410 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2410, the trend will continue upwards. If the price dips below 2410, it'll try to get 2397 and stabilizing bellow 2397 will try to reach 2376 as well. The price is expected to rise to 2450, and stabilizing above 2450 could lead to a further increase to 2463 and 2475. Key Levels: Bullish Line: 2430, 2450, 2463, 2475 Pivot Line: 2410 Bearish Line: 2397, 2376, 2357
OANDA:XAUUSDLong
by RojBarwari
💡 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.
OANDA:XAUUSDLong
by Stone_Haven
Still in the bullish trend channel, entry buyWorld gold prices skyrocketed as the level of inflation, and its series of impacts on US monetary policy, boosted demand for holding the precious metal. On the other hand, gold prices are also supported by increased reserves at the Central Bank of China. However, analysts at Kitco Metals believe that today's increase in gold prices mainly stems from risk concerns when the President of Iran died in a plane crash. Meanwhile, a Chinese oil tanker was attacked by Houthi missiles in the Red Sea, increasing geopolitical tensions, increasing the need to hold gold to preserve capital.
TVC:GOLDLong
by FalCol_TradingMaster
Gold increased on the first day of the week,selling to entry buyWorld gold prices tend to increase with spot gold increasing by 2.3 USD compared to last week's closing level to 2,416.7 USD/ounce. Last week, world gold prices fluctuated strongly as the market continuously received important economic data along with statements from US Federal Reserve (Fed) officials. This precious metal started the trading week at 2,361.17 USD/ounce and increased steadily beyond the 2,400 USD/ounce mark when Fed Chairman Jerome Powell's statement and economic data confirmed that interest rates will no further increase and the Fed may soon loosen policy this year. Kitco News' latest weekly gold survey results show the majority of experts believe gold prices could reach or surpass all-time highs, while retail traders are cautious. this precious metal. After an exciting week, the market is expected to be quiet this week with little important economic data released. The information that is believed to be able to affect the direction of gold is the minutes of the Fed's monetary policy meeting ending on May 1. However, most experts believe that the content of the minutes will not exceed investors' expectations, so the gold market will have little reaction unless there is unexpected information. In addition, the market also awaits statements from Fed officials. Six officials are expected to speak early this week.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Profited $12K, short gold after reboundToday we have made very good profits in both long and short gold transactions. First of all, we shorted gold today near the 2446 position. Gold successfully hit TP: 2430 during the short-term decline; after gold hit the 2407 position, it stopped falling and rebounded. We then went long gold near the 2410 position, and we manually closed the position above 2420 to make another profit. In today's transaction, I made a total profit of more than FWB:12K , which is considered a good trading result! So is gold expected to continue to hit 2450 or even higher? In fact, as far as the short-term market is concerned, gold has continued to fall, and the signs of short-term peaking are relatively obvious. It is unlikely that it will hit a new high again in the short term.Gold has fallen from its highs and a large number of profit-making orders have been realized. Gold may even fall further. Next, we will first focus on the 2405-2400 support area. If gold falls below this area, gold will truly establish a top trend and continue its decline. Therefore, in terms of subsequent transactions, if the market does not stabilize, do not go long gold easily. We will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
Trading requires courage, short gold firstGold has been rising all the way to new highs. After gold hit a high near 2450, it encountered resistance and fell back. The strength of the rise has weakened. In the short-term trend, the top shock has obviously narrowed. In the short-term, it may re-choose its direction. Moreover, the technical level deviates from the technical indicators, and gold has a need for a correction. I don’t think it makes much sense to continue chasing gold at high levels now. Even if we want to be long gold, we have to wait for gold to pull back and stabilize. Therefore, in terms of trading, do not easily chase gold at high levels. Gold continues to rise, and the energy of bulls needs to be released. So now it is either a quick adjustment to release, or a long period of sideways trading, exchanging time for space to release. So in terms of short-term trading, I prefer to short gold, and I have already done so. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability. Regret is meaningless.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
XAUUSD:Go long near support Gold has reached a new all-time high, and the power of the bulls has not yet been completely exhausted. Usually, after a new high, there will be some resistance to the rise. However, judging from the current trend, if the support is effective, it is likely to reach a new high. The difficulty of transactions will increase as volatility intensifies in the near future. During the transaction process, everyone should pay attention to controlling risks and avoid letting the account be blown. If you need help, please contact me in time.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD May 20, 2024 Is Gold in an uptrend?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, the Russian president's visit to China will have two purposes: first, Russia and China create cooperation, which will make Russia's war in Ukraine continue to take place according to Russia's plan after the With China's support, the war in the Middle East and the factions supported by these two countries will gain more momentum. Second, these two countries are key members of the BRICS bloc. This visit will create momentum for the bloc to continue buying Gold to strengthen the bloc's common currency that is about to be released. In addition, with last week's announcement of US economic indicators, we see a decrease in the number of applications for unemployment benefits in the context of a continuous decline in the labor market, and at the same time the CPI index is at a high level. This shows that the American people are gradually adapting to the current economic situation, which will create confidence for the Fed to at least keep interest rates high to restrain inflation. So we see that the current volatile world situation is having a stronger impact on gold prices than the US economic index. Looking at the H1 graph based on the Elliot wave principle, we see - The price is at the end of wave 5. After measuring the target forecast for the end of wave 5, we have potential target areas that are 2444 and 2460. - After wave 5 ends, we expect an ABC correction before continuing the uptrend - The corrective wave target is expected to launch from the peaks of wave 5. We have 2 expected targets: area 2400 and area 2380. But according to the Elliot wave principle, corrective waves are often very complicated and take a long time. Trading plan In the Sell plan, we align the important price zones at 2444 and 2460 In our Buy plan, we watch the important price zones at 2400 and 2380 Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSD
by DEEKOP
Gold will continue to break through all-time highs Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support. This week I tested the support here at 2335 many times, but failed to fall. From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains. The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335. If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later. I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400. Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400. At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
OANDA:XAUUSDLong
by RID_WK
1
Entry buy Gold for todayWorld gold prices increased in the context of a sharp decline in the USD index in recent days and continuous gold purchases by central banks around the world. Gold prices turned positive for the week early Wednesday morning as the US April CPI report showed an improvement over the previous month. By Friday, the bullish trend had returned sending gold prices in excess of $2,400 an ounce. And after surpassing $2,400 per ounce, Wall Street experts believe gold prices this week could reach or exceed all-time highs. The latest weekly survey by Kitco News shows that Wall Street is maintaining a strong bullish sentiment on gold. Up to 11 out of 14 analysts forecast that gold prices will continue to increase. Only 2 analysts expect prices to decline and some experts expect the market to move sideways. Individual consultants are more cautious but still lean towards the possibility of this precious metal going up. Specifically, 58% of 149 people asked about the price increase. 21% were predicted to decrease and the remaining number was redefined. According to analysis, the decline in the USD index on the international market and the decline in US government bonds have supported gold prices towards the peak area. After surpassing the 2,400 USD/ounce area, gold prices may continue to increase, even towards the 2,500 USD/ounce area - a new high in history.
TVC:GOLDLong
by FalCol_TradingMaster
XAU/USD Longs from 2380 or 2340 back up to ATH.My bias this week is to look for buying opportunities to reach the all-time high liquidity. The price has been very bullish, breaking structure to the upside, which aligns with the overall trend. I will focus on near-term demand zones to continue this trend, expecting the price to retrace and mitigate one of these zones. I will monitor either the 15-hour or 17-hour demand zones for signs of price slowing down and forming a Wyckoff accumulation pattern. If the price continues to rise and creates a new all-time high, I will then look for potential sell opportunities as the price comes back down. Confluences for GOLD Buys are as follows: - Price broke structure the upside on the higher time frame leaving new zones. - These higher highs and higher lows indicate the rise of a new uptrend. - New demand zones are left on the 15hr and the 17hr where I can look for potential buys. - Still lots of liquidity to the upside that needs to be taken i.e. ATH's P.S. Once the price enters these zones, I will focus on buying opportunities, as I prefer to trade with the trend. I will only consider short positions if the price significantly breaks down. With little news this week, happy trading, and I hope you all have a great week!
OANDA:XAUUSDLong
by Hassan_fx
XAUUSD week 3, May 2024 How far will the increase continue?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, we saw that the US economy also sent remarkable messages. For the first time, the number of applications for unemployment benefits decreased despite the softening of the labor market, this shows that the American people are gradually adapting to the current controlled economy, plus the CPI released last week has increased beyond expectations, this will create motivation for the Fed to continue maintaining high interest rates in the near future Besides, we see some notable points: the assassination of the Slovak prime minister, we know that Slovakia is a pro-Russian country, or the Russian president's official visit to China, which raises concerns about risks. global geopolitical risk. In addition to geopolitical concerns, this visit of Russian President Putin may promote the development of the BRISC bloc, which will accelerate the purchase of gold by the central banks of this bloc to prepare gold reserves. designed to strengthen the bloc's common currency Although the US economic situation will still keep high interest rates to restrain inflation, this will create strength for the USD, but the current geopolitical fluctuations in the world will still create conditions for gold prices to increase and volatility to occur. The gold became a safe place for him to hide Looking at the 1D chart, we rely on the Elliot wave principle to analyze price movements - Last week we saw a strong price increase and currently the price is clinging to the peak of 2433. - At this point, it is still early to conclude whether correction wave 4 has completed or not. - We have the price level that confirms the completion of wave 4 and the start of wave 5 at 2433. - If next week the price breaks out through 2433 then we have confirmation that wave 4 has completed and the price is in rising wave 5 then we will measure 2 expected price targets for the end of wave 5 which is the 2500 area. and area 2550 - If the price cannot break the 2433 zone and turns down, then the price is still in correction wave 4 and at a smaller wave level, the price will complete wave b and will continue to complete wave c as shown on the chart. - Then wave b is confirmed when the price breaks out through the 2280 area, then we will have the target to end wave c measured at the price range 2455 and 2211 Above is Deekop's plan for next week and the daily plan will be updated by Deekop every day Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSD
by DEEKOP
Don’t chase long gold too muchGold rose strongly today, reaching its highest level near 2419. It has now fallen back and is trading near 2406. I have been emphasizing since yesterday to close all short positions in the 2380-2375 area and commit to long gold. After going long gold yesterday, we continued to go long gold near the 2382 position today and successfully hit TP: 2390. .Today continues to end in profit in trading. At present, gold has risen strongly to near the 2419 position. The bullish sentiment in the market is high and the market following sentiment is prevalent. Therefore, I do not recommend shorting gold. After all, gold may continue to rise due to the market's pursuit; although the trend of gold is still very strong, but since today is Friday, I don’t recommend going long on gold directly at the moment, because gold immediately fell back after rising high many times, forming multiple upper shadow lines, and faced the resistance of the previous sub-high 2418-2420 area. Therefore, it is not recommended to directly pursue long gold before gold falls back to prevent short-term gold decline caused by profit realization.So if your trading style is prudent, I suggest you wait and see first and don’t rush to participate in the transaction; if you have an aggressive trading style, for now, I don’t recommend chasing long gold directly.On the contrary, you can consider trying to short gold in the 2414-2416 area to gain short-term short profits first, and wait for gold to fall back before going long gold! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDLong
by alongwineer
GOLD-uptrend U.S. consumer prices rose less than expected in April, suggesting inflation resumed its downward trend at the start of the second quarter, boosting financial market expectations for a September interest rate cut. At the same time, under the influence of the market, the US dollar fell sharply, providing greater impetus to gold’s rise. Today, we will pay attention to the changes in the number of initial jobless claims in the United States and the performance of real estate market data. Pay attention to the monthly rate of U.S. industrial output in April and the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation. The current gold price is a very obvious strong rise. It has just risen sharply during the cycle and gradually broke through the upper high point. If there is no unexpected data and news on Thursday and Friday, the possibility of reversal is unlikely, so now it is rising. Trend, follow the trend, wait for the support point to buy and the probability of profit is higher. You can see that 2378 is the turning point of strength and weakness. You can buy at 2378-2380 and set SL. If it falls below 2375, gold will change the pattern of strong rise and turn into a shock and slow rise. The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned towards making a bet on a direct hobby fee reduce. Some individuals of the primary financial institution`s hobby-fee-placing committee stated the primary financial institution will want a lot greater convincing that inflation is easing past a moderate blip in April. This shows buyers are beginning to provide a few desire for a fee reduce in September. The greenback and Treasury yields additionally recovered from in advance declines this week. However, a few lower-than-predicted customer rate index figures positioned gold on a trajectory for a 0.7% weekly gain.
TVC:GOLDLong
by MrTrongVo