Will gold continue to hit new highs? Or a callback?
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can sell gold at a high price.
Xauusd4h
XAUUSD:A double top may form
Gold focuses on observing the support near 2358. If it falls below, there is a high probability that a double top pattern will appear, and the price will return to the 2347-2333 range again. When it cannot break the 2347-2353 resistance, the next space will be the 2318-2307 range.
Gold analysis to benefit your trading.Since the opening of this month, the market price has fallen back to test the support around 2282 three times. Each time, there has been a rapid pullback. After falling to 2292 on the previous trading day, it failed to fall further. Instead, it turned back higher, and the rise was obviously faster than the fall. . At the same time, after the market continued to rise yesterday, it came under pressure around the previous high of 2328. However, this pressure did not have much correction. It continued to remain at a high level and could not go back down. It rose higher and closed at a high level and remained at a high level. , which shows the strength of the current price. After experiencing yesterday's downward trend and pulling back higher, we define the current trend as the completion of the correction and the return of bulls, so it is inevitable to follow the trend.
Gold 4-hour level Yesterday, a wave of consecutive positive gains drove the Bollinger Bands to open upward, and the short-term trend is stronger. The current price continues to rise and fall at the upper track, indicating that the pressure near the upper track 2332 is greater. Although the short-term trend is stronger, the overall trend is still subject to range restrictions. The 1-hour gold price surged above 2332 in the early hours of last night and fell back under pressure. The price consolidated and closed in late trading. It formed a second surge in early trading today, with a high of 2329. Bulls have insufficient momentum and are expected to enter the adjustment stage again in the short term. Therefore, early trading operations can be done at 2332 To defend against betting, look for a pullback, and wait for the support below to be confirmed to go long again. On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2330-2335 first-line resistance, and the bottom short-term focus is on the 2305-2300 first-line support.
Don't miss this golden analysis, it will help you make moneyThe situation in the Middle East has gradually stabilized, and the market's concerns about the escalation of conflicts have cooled down, weakening the safe-haven buying demand for gold, and also turning investors' attention to the Federal Reserve's monetary policy. The Federal Reserve has previously made intensive statements that cutting interest rates is not urgent, which makes The market is worried that Powell may turn from dovish to hawkish, suppressing gold's decline. As investors generally believed that the Federal Reserve would remain on hold this time, gold stabilized and rebounded. Afterwards, the Federal Reserve still released a signal to cut interest rates. The degree of hawkishness was less than expected, and gold surged further. However, the Federal Reserve also hinted that inflation is lacking progress, and it may take longer than expected to gain confidence. , after a brief rebound, gold came under pressure again during the day.
Although Powell's hawkishness was less than expected, supporting gold's rebound, the Federal Reserve's delay in cutting interest rates still put pressure on gold. In terms of operation, it is recommended to treat it with a shock idea. If it breaks downward, you can focus on 2285, if it stabilizes and rebounds, you can focus on 2315, followed by 2330.
Gold Latest TrendsAlthough the US ADP employment data on Wednesday was negative for gold, it still fluctuated and rose. After touching the 2308 line, it fell back to the 2299 line, and then rebounded again. From the current trend, in the short term, gold will focus on the 2310-15 line support below and the 2330-35 line suppression above. In terms of operation, we will temporarily operate in this range and wait patiently for entry. Don't trade blindly.
The most comprehensive analysis of gold.Gold started to retreat after reaching a high of 2326 yesterday, and did not extend the retreat on Friday night, thus forming a volatile downward trend. From the monthly level: the monthly line has given a long upper shadow line of 100+ US dollars last month. This K-line shape is effective for short sellers. The monthly K line can continue to be short on gold; the weekly level is currently In the form of two consecutive negatives, Zhou K has swallowed up the two consecutive positive patterns at the top, but the lower part of weekly K is also supported. The upper part is the double top retracement of 2434 and 2418, and the lower part is supported by the double bottom of 2290 and 2280. Weekly K comparison Neutral, rebound and decline are all in line with technical aspects. The daily line is in a relatively obvious downward trend, with 2434 as the high point and 2418 as the second high point. Since the retracement, the strength of Yin K is obviously greater than that of Yang K, and the number of Yin K is more than that of Yang K. There are also moves to make new lows, so we continue to be bearish. .
It is currently in a retracement form in the long trend of the large structure, and the retracement space has not yet been exhausted. The long-term large structure is still bullish, and the mid-term is bearish. After the short positions are exhausted, you can still go long along the large structure. If the monthly and weekly levels fall below the 2220-2230 area to form a complete engulfment pattern, gold can be fully shorted. This will be analyzed separately in the market outlook; the short-term hourly and four-hour lines are in a concussive downward trend, and are structurally in a downward trend. During the retracement of 2434 and 2418, the short-term trend lines of 2352, 2346 and 2328 are also suppressed, and the short-term structure looks volatile and downward.
Operation idea: bearish under the suppression of the trend line, gold cannot stand firm and runs bearish at 2330. The upper rebound touches the 2322-2323 area for shorting. The stop loss is placed at 2330, and the lower level looks at 2290-2293. If there is a breakthrough at the bottom, it is expected to use the data to break out of a unilateral decline today, and the bottom will be cautious. If there is a move below to break through 2290 and rebound in the 2295-2298 area, go short, or even chase the short directly! If it breaks down strongly, it is recommended to go long in the 2265-2268 area below.
XAUUSD:Mainly short
The current chart pattern of the large level (4h) is in a short trend. After the small level has fallen, there is a rebound demand, so this week's trading focus is mainly on short selling after the rebound.
Friends who want to catch the rebound market should pay attention to risk control and it is best not to be too greedy! The short target will first look at the 233-2323 range.
XAUUSD UPDATE (looking for Bullish)
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD for Coming Week Looking for Bullish limit Around 2345-2340, There is a String Support Resistance Level ,
Gold Broker the Key Horizontal Level around 2352$ which is Support level now And the Price going down to Retest the new Support from we willbe Expecting a Move Back
XAUUSD Technical Analysis and Trade Idea Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H that might just flip the 4H trend bullish. In our video, we break down the trend, discuss price action, market structure, and we dive into some key technical analysis concepts. Included toward teh end of the video is a trade idea. Just remember, this info is for educational purposes only, it's not intended to be financial advice.
XAUUSD is still moving sideways within the 20 price rangeFrom the previous day till now I see Gold`s Bien transferring round 10>15 in price. There are 2 regions that I assume so long as Gold breaks, it's miles very possibly that the Trend will run in that unique direction.
>With cutting-edge Gold breaking via the 2020>2022 Zone, it's going to maximum possibly boom sharply to 234x.
>On the contrary, if cutting-edge Gold drops beyond 2300, you may absolutely promote it to 228x.
>With the marketplace jogging like this, I recommend all and sundry to visit a small Vol so that once Gold's Trend is Clearly Shown, then you may visit a bigger Vol.
>Asia Session I will Watch to Buy Gold Everyone Please Watch to Buy GOLD round 2305>2308
SL 2302
TP 2316>232x.
>I will await Gold to react above the 2320 quarter. If it can not byskip this threshold, you may purchase Gold to this quarter and wait to Sell ❤️❤️
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Many latest forecasts say that gold could be below downward stress this summer, probable in May-June due to the fact the Fed will nevertheless postpone reversing financial policy, thereby inflicting the USD to face at a excessive level.
However, steadily toward the quit of the year, gold will boom once more and might attain a brand new peak. The Fed is presently very involved that inflation might also additionally upward thrust once more and that if it cuts hobby quotes early, it can now no longer be capable of manage commodity charges.
Some nations inclusive of Indonesia had been lately pressured to elevate hobby quotes, regardless of the economy`s declining growth. But americaA is different, the USD may be very robust so the Fed will simply look ahead to the proper time to lessen hobby quotes, perhaps round subsequent September.
When the Fed reduces hobby quotes, the dollar weakens, and gold charges will boom rapidly. Gold additionally advantages withinside the context of globalwide instability and conflicts happening in lots of places. Nuclear dangers also are growing.
XAUUSD:Short 2338-2345
If gold breaks through and stabilizes above 2327 tomorrow, consider the 2338-2345 range. At that time, the probability of a fall back is high, and you can choose to short. If it falls below the support near 2335, the target can be set near 2328.
If it encounters resistance near 2335 and cannot break through, first consider the support of 2327-2323. If it falls below, it is very likely to return to the 2304-2280 range again.
XAUUSD:Latest trading signals
Hi guys, my family and I traveled for two weeks for my father's birthday. I hope everything is going well for everyone in these two weeks!
Gold successfully reached our target of 2280 on Friday. This time the profit is very good. At present, from the perspective of the pattern and indicators, there is a need for a rebound, so you can start to go long at a low level in Monday's trading.
During the trading process, focus on the resistance of the 2313-2327 range, followed by 2342-2352. This range is a strong resistance area. If the price touches this range, you can participate in shorts appropriately.
Consider the support around 2328. If it does not fall below, you can trade long again, and then continue to observe the 2342-2352 range. If it breaks through, then above 2358, there will be short opportunities again.
I will continue to update the specific trading information during the trading session. Please keep an eye on it. If you have any questions, leave me a message in time!
Have a good weekend!
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.
XAUUSD:Sell, final target 2218
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218.
If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short period of time, which is a relatively good long price. At that time, the resistance of the rebound will focus on the vicinity of 2296.
Gold prices fluctuate strongly but there is still no clear trendToday, I for my part see the fashion view and tradable regions rotating at 232x-229x
>Currently Gold is reacting to the resistance sector round 2306>2308
In addition, I additionally see Gold nevertheless in Bien Ma reporting a decrease
With this Zone, you could alternate and recollect coming into each Buy and Sell Borders
>Sell Gold round 2309>2311
SL 2313
TP 2304>229x
>If this Gold Rate will increase beyond MA34 in Frame H4, right away Buy Gold again.
At this rate, in case you purchase GOLD, you could purchase to chase the fashion and allow the TP be above 232x
--NEWS--
Kitco News` modern day gold survey has specialists expressing extra pessimism approximately gold's near-time period developments, even as maximum retail investors nevertheless see gold costs falling or transferring sideways.
Next week is anticipated to be the lightest week of the yr in phrases of monetary statistics arrangements. Some highlights encompass the United States 10-yr bond public sale on Wednesday, which decided the Bank of England's economic policy, and the Treasury's 30-yr bond public sale on Thursday. In addition, there has been additionally a initial consumer sentiment document from the University of Michigan posted on Friday.
On the Kitco buying and selling floor, Juan Carlos Artigas, Global Research Director of the World Gold Council (WGC), commented that with very robust diversification capabilities, gold is persevering with to be extended through middle-magnificence banks. Strengthen hold.
Despite current changes with a clean downward fashion in gold costs over the last few days, many banks keep to understand gold costs as probable to stay better this yr.
XAUUSD: Short, target 2348-2333/2304-2280
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.