XAUUSD: Sell
Yesterday, I traded in the 1956-1932 range and successfully made a profit. Now the market is oscillating around 1934. There will be initial jobless claims data later. It is expected that it is more likely to be beneficial to gold bears. The trading point of view is to short, and the range is 1944-1907 .
Trading Signals:
sell:1935-1944
tp:1920-1907
Xauusdsignals
Would you start selling gold with this stock rally underway? As you may have heard, the Federal Reserve recently announced that they would be pausing rate hikes for the time being, with the potential for a boost later in the year. This news has had a significant impact on the gold market, as the US dollar continued to drop, which in turn raised the price of holding gold.
Despite this, gold has been range-bound over the last month and has seen little support. As such, I would like to encourage you to consider selling some gold at this time. While it can be difficult to part with an asset, it is important to consider the current market conditions and make informed decisions.
By selling some gold now, you may be able to capitalize on the current market conditions and potentially maximize your profits. Of course, it is important to consult with a trusted financial advisor before making any significant decisions.
GOLD 14/6 - The downtrend is clearly formedGold prices have taken a dip and are currently trading at a daily low of $1,942.
This comes after the US dollar struggled earlier in the day, particularly with the US Consumer Price Index falling below market expectations.
This has caused some optimism in the market, with gold experiencing a bearish trend on the 4-hour chart.
The support levels are at 1,940 - 1,932 - 1,918, while the resistance levels are at 1,966 - 1,972 - 1,987.
Technical indicators are approaching oversold levels, and the 34 and 89 EMAs are currently moving around the $1955 level.
XAUUSD: Buy
Today we continue to do long gold at a lower position according to the plan we have formulated.
In the 1D chart, the resistance of MA20 has been broken, and the arrangement of K lines also shows signs of forming a small bottom, which is beneficial to bulls.
The 1h chart shows that the price has broken through the suppression of all moving averages, and MACD is also in a bullish trend, so we are long today.
XAUUSD: Buy
We plan to trade long in the 1958-1948 range today, and the current minimum is 1949.
45m in the chart. The dead cross of MACD has formed. As I said, after the dead cross is formed, its short power will begin to weaken. This is the time for us to trade long positions. Now, our long trades have begun.
From the graphic point of view, the current resistance is at 1955, and the support is at 1948 (this is why I plan to do more here today). If it falls below, our long trading will be trapped, but I think this probability is not high. The biggest possibility is that it breaks down quickly and then rebounds quickly, forming a long lower shadow line.
Therefore, in this transaction, the probability of our profit again is still very high.
XAUUSD: Buy
In last Friday's trading, the strategy I gave was short selling, and at the same time I briefly explained today's trading, I believe all the friends in the channel know.
Today, gold rebounded after stepping back on the support of 1955, which is in line with our plan to be long gold. First of all, congratulations to friends who participated in long trading, they have already reaped some profits.
Now, in the gold 1h chart, MACD has formed a golden cross, which is favorable for bulls. Judging from the trend of the previous wave, this rise will break through the resistance near 1969, and the important resistance will appear near 1985.
So today's trading focus is on long trading.
trading signal:
buy:1958-1948
tp:1974-1983
XAUUSD BUY PROJECTION 11.06.23Looking at the daily chart of XAUUSD, we can see that the overall trend is bullish, with the price trading above its 50-day and 200-day moving averages. The price has also recently broken out of a short-term consolidation pattern, indicating a potential continuation of the uptrend.
The Relative Strength Index (RSI) is currently in overbought territory, which could suggest some near-term weakness or a potential pullback. That said, it's worth noting that the RSI has been in overbought territory for several days now without any significant selling pressure, so it's possible that the bullish momentum could continue.
In terms of key levels, the first level of support to watch is around $1,950, which is the recent breakout level and also coincides with the 50-day moving average. Below that, the $1,900 level could provide additional support.
On the upside, the next level to watch is the recent high of around $2,075. A breakout above that level could signal a continuation of the uptrend, potentially targeting the 2020 high around $2,075.
Overall, while there could be some near-term volatility or potential pullbacks, the technical outlook for XAUUSD remains bullish in the medium to long term. It's important to always use proper risk management techniques, such as stop-loss orders, when trading or investing in any financial instrument.
Gold stays buoyant as Fed pause bets continuesGold and copper are currently buoyant as the dollar falls sharply on Fed pause bets. This presents a fantastic opportunity for you to invest in gold.
As you may know, gold has always been a safe haven for investors during economic uncertainty. With the current state of the economy, now is the perfect time to invest in gold. Not only is it a safe investment, but it also has the potential for significant returns.
So, what are you waiting for? Don't miss out on this fantastic opportunity to invest in gold. Take advantage of the market conditions and make a smart investment today.
Thank you for your time and consideration. I look forward to hearing from you soon.
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Stay safe and invest smartly!
XAUUSD is starting its new bullish leg to at least 2100.Gold (XAUUSD) hit the 1D MA100 (green trend-line) again and this is technically completing the bottom phase that we called for 3 weeks ago (see chart below):
Our trading strategy hasn't changed, that was our long-term entry, bottom on the Higher Lows trend-line of the 7 month Channel Up and target a Higher High at 2100. Potentially, if it repeats another +10.60% rise, ut can even go as high as 2140. Regardless of that, this appears to be the start of the new bullish wave to a Higher High. Even the 1D RSI is on perfect symmetry with the February 02 - March 08 correction (bearish wave).
A 1D candle closing below the 1D MA100 however, thus the Channel Up, can potentially accumulate more selling pressure and accelerate the decline towards the 1W MA50 (red trend-line) and 1840.
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Is Gold losing its shiness?Last week was an interesting one for Gold traders.
After a strong reversal from medium-term trend line support, XauUsd managed to break back above 1955 important support and also broke above the falling trend line started at the beginning of May, all suggesting a reversal to the upside.
However, on Friday, following NFP data, bears totally took control leaving an immense bearish engulfing on our daily chart exactly from the 1980 resistance.
This bearish engulfing is important for 3 reasons:
1. The pattern is exactly in a very important resistance that now becomes a strong ceiling for the price
2. This reversal puts the price back both under the falling trend line and horizontal 1955 support. Such a false break more often than not leads to continuation.
3. The daily close of the pattern is exactly in the medium-term trend line's zone support, putting pressure for a break.
That being said, my outlook for Gold in the medium term changed to bearish and I'm waiting for further price development for confirmation of short trades.
Gold ; bullish or bearish for next ?Today's NFP figure was increased volatility and price was falling down from 1980 to below 1950 and it was closed week under support 1950.
For next week, I can expect the price to retest the 1936-1940 support and then move back above the 1970 level. However, we should be careful to break the support ahead, which could lower the price to 1920-1915. The markets are still waiting for economic news such as the debt ceiling and interest rate of the Federal Reserve. Finally, I expect that after the market calms down, the price of gold will rise at the beginning of the week and jump to conquer 1980.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week's U.S. data showed stronger-than-expected consumer spending in April. The increase in personal consumption expenditures (PCE) raised expectations that the Federal Reserve is likely going to hike interest rates again in June. The U.S. debt ceiling proceedings appear to be closing in on an agreement ahead of a June 1 deadline that would raise the government's $31.4 trillion debt ceiling for two years.
Gold Price Forecast: All these economic developments appear to be taking a positive toll on the Greenback as gold was off 2% after another 2% loss the prior week and 0.25% the week before that.
XAUUSD Bullish/Bearish Sentiment: However, from a technical standpoint, the appearance of buying pressure around the 1,940 zone is a concern for Gold sellers as this zone has the potential of becoming a platform for another wave of bullish momentum if not broken to the downside (XAUUSD Accumulation/Distribution Analysis). In the coming week ahead of the US economic features - ADP employment change, ISM manufacturing PMI, and Nonfarm payroll; we might likely see a choppy situation during the first half of the week before a major spike in price movement. In this video (XAUUSD Technical Analysis), we analyzed the current market structure from a technical standpoint by examining past price patterns and market behavior, recurring trends, support and resistance levels, and other crucial insights that can aid us in making a well-informed trading decision ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
After the breakthrough, #GOLD is ready to be pumped!#XAUUSD UPDATE
GOLD make this descending channel at hourly time frame.
The local trend and correction may be stopped by a breach of the descending channel resistance, and the price may then begin an active strengthening move towards the level 1984, 2000, and 2025.
Significant backing: 1950, 1940, MA-50
MA-200, 1960, and trend resistance are significant obstacles.
Given that the dollar is struggling and that gold is still a solid hedging tool, I believe that gold will be able to overcome the trend resistance in the medium term and resume its upward trend.
This piece is not intended to be financial advice. Before making an investing choice, always do your own research and speak with a qualified advisor.
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XAUUSD Rebounding on the Channel Down bottom.Last week, as well as two weeks ago (see charts below) we called for a buy entry on the 1D MA100 (green trend-line) on Gold (XAUUSD) and today it has started to deliver:
As you see, this is similar to the previous Higher Low of the Channel Up (March 08), with the price closing again above the 1D MA100. The confirmation was delivered once the price broke and closed above the 4H MA50 too (yellow trend-line). Our long-term bullish target is intact at 2100. If we get a closing below the 1D MA100 however, we will turn bearish instead and sell, targeting the 1W MA50 (red trend-line) at 1840. On the current levels, the risk is low anyway.
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XAUUSD Will gold continues the downtrend?The Gold has been declining the last couple of week. The market is currently very optimistic about the debt ceiling negotiation. I see the dollar getting stronger. Markets are pricing in a 37.8% chance of a 25-basis-point hike in June, according to the CME FedWatch tool.
Monthly
We can clearly see at the highs a triple top between the price of 2067 and 2075. The highs are very liquite. At one point the price will move to the highs to collect the liquidity. Also, price is in a top trend in this time frame. At the monthly time frame price still bullish which go against our analysis.
Weekly
The price created a bearish pattern. Also, there is a good point of liquidity that the price have not liquidated yet. I believe that before the price start a move to the upside the liquidity needs to be taken.
Daily
The price is in a clear downtrend. I would love to see a confirmation bearish pattern in this time frame before entering any position.
XAUUSD: The Power of the Bears!Gold Price Forecast: XAU/USD bears stay hopeful amid hardships for US debt ceiling deal
The price of gold, denoted by XAU/USD, has been fluctuating near the daily low of $1,940 with a zigzag pattern. Despite minor losses, bears seem to be in control during the mid-Asia session on Tuesday. This can be attributed to the market's inclination towards safe investments, which has strengthened the US Dollar. However, the recent optimism in the bond markets, following the agreement of US policymakers to extend the debt ceiling and avoid default, has provided some support to the price of gold. Nonetheless, the XAU/USD bears are currently dominating the market due to the uncertain sentiment and cautious approach towards upcoming data/events.
XAUUSD: Where is the most beautiful selling position?Technical analysis
The support and resistance levels are performing effectively, and at 1955, a robust resistance zone has been established. With the goal of continuing to decrease to the 192x region, Gold is required to increase slightly to create liquidity. SMA is forming a continuous decline in wave cycle.
Update new news situation
The US Dollar is expected to remain strong due to optimism surrounding the US debt deal and the Federal Reserve's hawkish stance. There may be a slight dip from the two-month highs, but this is expected due to end-of-the-week flows. The United States Core PCE Price Index data, which is the Federal Reserve's preferred inflation gauge, is also set to be released soon. The annual Core PCE figure for April is expected to remain the same as March, increasing by 4.6%.
Predict continues the downtrend!
XAUUSD | New perspective | follow-up detailsAmidst the U.S. debt crisis saga market participants were reluctant to have open sell positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend hence the engulfing bullish candle observed on Friday. The reluctance of holding short positions resulted in the bullish green light to officially settle Friday’s session at 1,978.78 an ounce (just around the key level at the 1,980 zone), up by 1.1% on Friday. In this video, we dissected the current market structure for trading opportunities both the buyers and sellers have in this market ahead of the new week while taking into consideration the handful of economic features from the U.S. docket.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.