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XAU/USD 25 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's weekly analysis dated 24 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 24 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS aligning itself with H4 internal structure. Price has printed a bullish CHoCH indicating, but not confirming bullish pullback initiation following bearish iBOS. Intraday expectation: Price to either react at premium of 50% EQ or M15 POI before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - World gold prices retreatedGold closing night time had a rebound withinside the 233x place however nevertheless couldn't growth strongly beyond the charge variety I assessed the day past at 2335. >Today I will retain to attend and change round faux regions that react to Ma and Support Resistance. >Plan for Current fashion is down. >Canh Sell Gold own circle of relatives round 2330>2334 SL 2336 City 2324>2316 >For Buy, these days I will wait to Buy Gold under the candlesticks and Buy Zone under 231x Plan Buy Gold round 2318>2322 SL 2315 TP 2330>2335 With Today`s Market Rhythm, You Should Sell According to the Clearly Shown Market Trend. As for Rhythm Buy, you need to hold Vol safe 👌👌 -- Gold bullion prices fell more than 1% last weekend, after the USD soared due to the impact of US business activities rising to the highest level in the past 6 months, and the US job market also gradually recovered. Currently, investors are waiting for data estimating the first quarter's gross domestic product and the personal consumption price index report. "If the core PCE index increases sharply, this is not good news for gold, pushing the price of the precious metal down to 2,300 USD/ounce," Kelvin Wong added. In a meeting earlier this week, Mary Daly - President of the San Francisco Fed Bank - said that the US Central Bank should not cut interest rates before policymakers assess inflation towards 2%. She also noted that the unemployment rate is increasing and becoming a risk to the US economy.
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD June 24, 2024 Will the downward wave continue?Prices are recovering after a sharp drop on Friday. - According to the Elliot wave principle, a sharp wave moving quickly is wave 3 in a series of 5 waves. - So it is possible that the current increase is a correction in wave 4, so we will continue to have wave 5 continuing to decrease after wave 4 correction is completed. - The nearest resistance zone is the 2330 zone. We will monitor this zone and it may be the target of wave 4. - The target zone for wave 5 from the current forecasts is estimated at 2309. After reaching this zone, we will have the completion of the orange wave 1 in the larger wave. - Then the price recovered to complete the 2 orange correction wave. We predict wave 2 target at 2343.59 Trading plan - The main trend is downtrend, so for long-term transactions we prioritize sell orders. The best price zone to enter an order is the price zone that completes the orange wave 2, which is the 2343.59 zone. When the price reaches this zone, look for a confirmation reversal signal to enter the order. - With SCalping trades, we wait for the price to react at the support and resistance zones to enter orders. Note that Scalping trading is a short wave trade, so the TP is usually from 30 pips to 100 pips, so you should focus on managing the trade. Translation to limit risks
OANDA:XAUUSDShort
by DEEKOP
Gold prices increase again, the trend will fluctuate stronglyLast week, Friday, after confirming Gold and scanning SL, I will prevent trading. That day Gold launched greater than 30 charges to react at Zone 231x. Currently, the Gold fashion is absolutely at the Sell side. With Today`s Main Trend Is Selling I Will Watch Gold's Reaction To Watch Gold Sell On The Range 2328>2332 SL 2335 TP 2320>231x With a sturdy Exit Rate of greater than 30, the charge the previous day Rsi withinside the H1 body reached the oversold sector. I will watch to shop for small Gold Vol in step with this Rsi sector round Zone 2317>2320 SL 2315 City 2328>2333 For Buy, I will visit Small Vol. And watch for the proper fashion to promote again. You can observe this fashion to trade --- Kitco News` ultra-modern weekly gold survey indicates that specialists are much less effective withinside the quick term, even as retail sentiment is optimistic. Chantelle Schieven, an professional at Capitalight Research, informed Kitco that buyers want to put together for gold volatility withinside the close to future. Typically liquidity withinside the summer time season is lower, posing dangers to treasured metals. The truth that buyers aren't positive approximately the subsequent pass of the United States Federal Reserve (Fed) is likewise probable to create volatility withinside the marketplace. Gold costs react to all statistics due to the fact the marketplace is doubtful approximately the Fed's direction. This professional expects the Fed will loosen coverage in September to guide the economy, despite the fact that inflationary pressures continue to be high. Gold has set up a strong ground round 2,280 USD/ounce. Gold seems to be withinside the doldrums of summer time season, however greater volatility continues to be possible, stated Daniel Pavilonis, senior commodities dealer at RJO Futures. USD stays high, hobby costs boom, which can also additionally placed strain on gold. The marketplace is involved approximately the election and hobby costs in Europe. According to specialists, essentially political instability continues to be useful for gold however it's going to take some time longer. Gold rate forecast The marketplace is inquisitive about a few monetary information that impacts gold inclusive of the center PCE rate index file for May, June client self belief index, May domestic sales,... According to the effects of a survey of 14 Wall Street analysts via way of means of Kitco News, five specialists assume gold will boom, five specialists expect a lower and four select to transport sideways. Jim Wyckoff, senior analyst at Kitco, stated the goal rate boom for June is 2,406.7 USD/ounce.
OANDA:XAUUSD
by TheLeader_WOLF
XAU/USD 24-28 June 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 16 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 16 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has reacted at premium of 50% EQ of the swing range, which is marked in black, and very close to a H4 POI. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low H4 Chart:
OANDA:XAUUSD
by Khan_YIK
XAU/USD Shorts from 2,355 or 2,370 back downMy analysis for gold this week aligns with other pairs, where I am expecting bearish moves. Given the recent rise in the dollar, I am looking to join the trend and focus on selling opportunities. I have identified two nearby supply zones on the 6-hour and 12-hour charts as potential entry points. Once the price reaches these zones, I will look for signs of slowed momentum, distribution, and a change of character (CHOCH). From there, I will target the liquidity pools below, including trendlines and Asian session lows. Confluences for GOLD sells are as follows: - Price has been breaking structure to the downside on the higher time frame. - Price has left clean supply zones on the 6hr and the 12hr. - Lots of liquidity to the downside that needs taking - Trade idea is pro trend as price has been forming lower lows and lower highs. P.S. Currently, the price is at a decent short-term buy position that can be taken up towards the supply zone, provided the confluences are correct. If the price continues to drop, I will look to enter off a new break of structure (BOS).
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD | GOLDSPOT | New perspective | follow-up detailsThe Federal Reserve opted to maintain interest rates at their current levels and delay any potential rate cuts until at least December. Officials foresee only a modest quarter-percentage-point reduction for the year, emphasizing the importance of managing inflationary pressures. Fed Chair Jerome Powell highlighted that despite robust growth and low unemployment rates, the central bank remains cautious, waiting for clear economic signals before making any adjustments. The market reacted to this news, with gold prices climbing over 1% on Friday, fueled by expectations of a possible rate cut soon. Concurrently, the 10-year US Treasury bond yield trended lower towards 4.2%, influencing the XAU/USD pair upward as the week came to a close. This video offers a detailed strategy to help navigate various market scenarios, empowering us to make informed decisions as the market digests the latest developments. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is still fixed on the key level at $2,335 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential 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. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
4
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this video, we delve into the upcoming Federal Reserve meeting and its potential impact on the price of Gold. The decisions made during this meeting could significantly influence the market. Gold recently experienced its lowest finish in about a month, influenced by stronger-than-expected monthly U.S. jobs data and reports of China's central bank pausing its bullion purchases. China, a major driver of the gold rally, might not be done buying gold, but the current pause could signal short-term profit-taking activities. Additionally, the latest US Nonfarm Payrolls report for May revealed an increase in workforce numbers, albeit with an uptick in the Unemployment Rate and a slight rise in Average Hourly Earnings. These factors could lead the Federal Reserve to delay its decision to cut interest rates, which is negative for Gold as it raises the opportunity cost of holding a non-yielding asset. As market participants await next week's US inflation data and the Federal Reserve’s monetary policy meeting, the US Consumer Price Index (CPI) is expected to remain steady, but a reacceleration could trigger further losses for the gold. Join me as we dissect the latest market dynamics and explore potential strategies for positioning ourselves for the upcoming price movement XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is still fixed on the key level at $2,325 for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential 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. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by darcsherry
4
XAUUSD 4H WEEKLY SELL PROJECTION 23.06.24Gold prices reversed course on Friday, moving down more than 1.70%. Economic data from the United States (US) spurred investors' reaction to pricing out fewer interest rate cuts by the Federal Reserve (Fed) due to the solid state of the economy. The XAU/USD trades at $2,317, below its opening price after hitting a daily high of $2,368. The US economy continued to give mixed signals regarding its robustness. S&P Global revealed June’s Purchasing Managers Index (PMI) readings, which exceeded estimates and topped May’s data. However, the US housing sector continued to deteriorate after Existing Home Sales for May missed the mark and fell compared to April’s data. On the PMI release, investors ditched Gold and bought the Greenback, which, according to the US Dollar Index (DXY), rose 0.14% at 105.80. US data revealed during the week highlights uncertainty as some economic indicators reiterate that the economy is still solid. On the positive side, Industrial Production, S&P Flash PMIs, and Retail Sales advanced, though the latter were lower than the previous month. Conversely, housing continued to deteriorate, while the jobs market, as measured by Americans filing unemployment claims, came in worse than expected. The data kept investors' chances of a September Fed rate cut alive. Given the backdrop, Gold prices continued to drop, along with technical indicators, pointing to a correction following a three-month rally that began in March and lifted XAU/USD to its all-time high of $2,450. The CME FedWatch Tool shows odds for a 25-basis-point Fed rate cut in September at 59.5%, up from 57.5% on Thursday. In the meantime, the December 2024 fed funds rate futures contract implies the Fed will cut 36 bps toward the end of the year.
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD trading plan for the week of June 4, 2024 So after Friday's sharp drop, we had a profit of 500 pips. This decrease also confirmed the completion of orange wave C in the ABC correction. After the ABC correction is completed, we bet that the previous downtrend wave will continue. - With Friday's decline, we see that the momentum has entered the oversold zone, showing that sellers are showing signs of exhaustion. So in the immediate future there will need to be a short-term correction for sellers to regain their strength. - We measure that this decrease is likely to end at 2 price zones: 2309 or 2395. - With the assumption that the price range ends at 2309, we measure the target of this temporary upward adjustment ending at 2340. - Then the price continues to decrease to complete the big wave 5 at the target price areas that we measured before, which are 2256 and 2210. - When does our wave counting process fail? That's when this rally price broke through the 2374 area, then confirmed that we have to do the wave count again, then I will update later if it happens. - On the H4 chart, I have drawn important resistance and support zones, which we can rely on to plan Scalping when the price approaches these zones. - I will update specific price developments every day.
OANDA:XAUUSDShort
by DEEKOP