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
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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.
Xauusdsell
Gold has plummeted, how to trade gold next?After reaching a high on Friday, it fell sharply, giving up all the gains this week. The daily candlestick chart closed with a big negative line, and the weekly line turned down. On Friday, I made the following tips in my private channel: Today is Friday, and it is not ruled out that the main market players took the opportunity to sell, under which circumstances, the gold price was suppressed. In addition, it is currently facing resistance in the 2365-2370 area in the short term. So what we have to do today is to stop chasing the gold price and avoid the risk of chasing more. In terms of trading, we can try to short gold.
Obviously, we won a big victory in Friday's trading! We shorted gold with the 2365-2370 area as resistance. Obviously, gold successfully hit the target price in a sharp decline. Personally, I made more than $50,000 in gold trading this week, and maintained a 100% winning rate in trading. Very good results!
Gold rebounded after hitting a low of 2317 on Friday. Obviously, the 2315-2310 area still has some support for gold. Therefore, we should not aggressively short gold in trading before gold falls below this area. If gold falls back first at the beginning of the week, we might as well try to go long on gold with the 2315-2310 area as support; the upper short-term resistance area is 2325-2330, and the second key resistance area is 2340-23456. If gold rebounds first and approaches any resistance area, we can choose to short gold!
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GOLD (XAUUSD):Analysis For Next WeekMarket Direction-- Down⬇️
Level to Look Out--2285-2280 Targets
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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.
XAUUSD:Entering the bearish zone, target around 2268
Gold rose sharply yesterday, breaking through the 2352 resistance in one fell swoop, and is currently located near 2360.
The chart is now entering the triangle consolidation stage. After the price breaks through 2352 and stabilizes above it, the resistance has turned into support. Then in the next consolidation stage, the first support to focus on is the area near 2352. The upper resistance is based on the previous high point, which is located near 2368, 2374, 2379 and 2383 respectively.
Today, we can focus on 2368-2374. If we enter this range, we can sell directly, and the probability of profit is more than 80%.
After the price reached above 2352, my overall trading strategy has changed from long to short, and I will do trend-based medium-term trading, with the target maintained near 2268, just like our previous short target near 2280 and the long target at 2352. It takes a time to complete, so if you want to follow, please be patient!
XAUUSD: Bearish trend, target 2268
Gold found short-term support near 2300 and rebounded again. It is currently around 2330. The large-scale indicators show that the bullish force has not been fully released. There is a high probability that there will be another wave of upward market in the US market today or early next week. The strong resistance will be mainly concentrated around 2352. At that time, the release of bullish force will end and enter the buffer period. If the indicator cannot form a bullish trend again, the gold price will return to below 2300. The next short target will be around 2268.
At present, my trading strategy will be mainly short.
Gold will Go Down by Symmetrical Triangle Pattern!!!Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) .
In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend .
I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern , at least to the Support zone($2,337-$2,318) .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold is difficult to break through, continue to short goldToday, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not really strengthened. The overall trend is still in a volatile trend, and there is no obvious sign of a breakthrough. In addition, gold failed to break through the resistance of the 2335-2340 area, and the bulls have not reached the level of upward rush. Therefore, the possibility of falling back after the intraday high is greater.
Moreover, the U.S. market is closed early today, and it is difficult to continue to break through and rise in the short term. Obviously, it is not suitable to continue chasing gold now, so we might as well rely on the short-term 2335-2340 area resistance to short gold again!
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Get ready to short goldToday, as the U.S. May sales monthly rate was bullish for gold, gold rose rapidly in the short term. Our long positions near 2317, 2310 and 2306 respectively hit TP2319 and took profits. Very beautiful trading results. In today's gold long trade, my profit totaled more than $25K. Very good trading results.
According to the current short-term structure, gold has returned to above the moving average and maintained a strong trend, and there is still some room for gold to rise. But overall, gold is still in a period of shock, so after gold rises, it will still fall again. Therefore, we still have to focus on shorting gold at the moment, but we must seize the opportunity to short gold.
Gold has risen strongly in the short term and has a certain continuation. According to the current short-term momentum, gold will continue to rise and try to touch the 2330-2335 area, or even near 2340, which is also a short-term resistance area. So in terms of short-term trading, I will short gold in batches in the 2330-2340 area. After the bullish momentum is consumed, gold will continue to fall!
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. !
XAUUSD Gold Mines Stealing PlanMy Dear Robbers / Traders,
This is our master plan to Heist GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 Plans with target in the chart focus on whether Long or short entry. Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous level market is overbought & Oversold / Consolidation / Trend Reversal at the level Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Gold prices have a clear downward trendGold Last night, I noticed that there has been a mild lower in beard withdrawal to the 231x area. The fashion in D1 and H4 is displaying Decrease. Meanwhile, the small frames are displaying clean symptoms and symptoms of boom.
In my opinion, Gold could have mild corrections underneath 2303>2306 for one greater beat earlier than it is able to boom strongly.
If Gold will increase strongly nowadays thru the vintage response sector of 2335>2336, it's going to in all likelihood be driven as much as 235x soon.
Trading Plan for Today Canh Buy GOLD 2318>2321
SL 2316
City 2326>2336
Sell Gold According to Ma89 on H4 and D1 round 2336>2340
SL 2343
TP 2325>231x
Buy Chasing the fast fashion and looking ahead to clearer response factors of Gold earlier than Selling Everyone
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Gold fee forecast
Analysts say that even though the Fed has time and again not on time reducing hobby charges withinside the context that inflation remains a ways from the 2% target, falling hobby charges at primary banks nevertheless help gold.
According to a survey with the aid of using Kitco News, 62% of specialists and 54% of retail buyers expect that gold will hold to boom in fee withinside the close to future.
Alex Kuptsikevich - senior marketplace analyst at FxPro anticipated that the electricity of the USD in conjunction with excessive bond yields are nevertheless barriers for treasured metals. He stated that gold`s help degree of 2,three hundred USD/ounce appears fragile.
Gold is weak, keep shorting goldThe current market is still volatile, without any breaking behavior. In fact, since the start of London trading hours, there has not been a good opportunity to participate in market transactions, and it has been fluctuating around the 2315-2323 area.
However, judging from the strength of today's rebound, the upward momentum of gold is obviously insufficient, and it can't even stand at 2324. Relatively speaking, the performance of gold is still weak, and there are signs of a double top structure in the short-term chart, which suppresses gold. So in terms of trading, I still tend to short gold. But in order to avoid a wash-out breakthrough like Friday, we must grasp the trading rhythm in short-term trading, so as not to be easily eliminated.
During the period of gold volatility, we focus on the upper resistance of 2335-2340, but as gold gradually moves downward, we first pay attention to the short-term resistance of 2325-2330; and on the bottom, we first pay attention to the support of 2305-2300. If it breaks through 2300, the target will move downward.
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. !
Gold prices may skyrocket this weekBuy
2322-2320
TP 2330 - 2345
SL 2310
Forecast
James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold charges to upward push subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for long run support".
Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management said: "I am positive approximately gold subsequent week. It looks as if gold is prepared for a technical recovery."
In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are drastically greater positive approximately the short-time period potentialities of valuable metals.
eight specialists (accounting for 62%) count on gold charges to upward push better this week. Only analysts (or 15%) are expecting charges will decline. The last 3 people (equal to 23%) count on gold to exchange sideways subsequent week.
Meanwhile, 216 votes had been solid in Kitco`s on line poll. Of these, 117 traders (equal to 54%) are expecting gold charges will boom subsequent week. Another forty nine people (equal to 23%) are expecting valuable metals will lower in price. While 50 people (equal to the last 23%) forecast that gold charges can be flat subsequent week./.
GOLD XAUUSD Bearish Money heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist Gold XAUUSD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
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After CPI - Gold price returns to starting pointLast night time Gold had robust information however there wasn`t an excessive amount of movement. With Today's Price Trend and Model, I assume Gold will retain to Buy underneath the 231x Zone in line with the accrued factors of the Buyers. And Canh Sell Above the 233x quarter in line with the Trend Line in H4 and D1
> Please confer with modern-day buying and selling rate plan. Buy Gold round 2308>2312
SL 2300
TP 2325>233x
Watch Sell Gold withinside the location 2337>2340
SL 2342
TP 2330>232x
These are the rate stages I will look ahead to transactions. You can confer with and observe this framework to trade.