The DOWN trend prevailed at the beginning of the week⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The Gold price (XAU/USD) struggles in the Asian session due to conflicting factors and stays near a three-week low. The expectation of rate cuts by the Federal Reserve and easing inflationary pressures weaken the US Dollar, supporting gold as a safe-haven asset. However, positive market sentiment and hopes for a cease-fire in Gaza limit the upside for gold. Traders are waiting for important US macro data, including the Nonfarm Payrolls report, and central bank decisions from the Bank of Canada and the European Central Bank.
⭐️ Personal comments NOVA:
The selling pressure at the beginning of the week is still maintained - the DOWN trend is dominant, waiting for support areas for Gold
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2312
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2332
TP2: $2327
TP3: $2320
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Xauusdsell
Short gold, target around 2300
From the 4-hour chart, it can be clearly seen that a head and shoulders top pattern has been formed, which is a bearish pattern. The short-term rebound high is 2336.
The trading strategy is mainly short selling, sell @ 2327-2332, and you can add short positions at 2336, with a target of 2305-2300.
You can configure your positions according to the above strategy for trading.
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions
XAUUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
The rebound is an opportunity to short goldAt present, gold has rebounded after touching the 2315 position, and has taken a bottoming-out and rebounding trend. However, from a technical perspective, gold has shown a clear willingness to go down. After gold fell below the 2330-2320 area, strong resistance was formed at 2335 and 2345 respectively. Combined with other periodic indicators to maintain a short position arrangement, the short trend of gold is strong!
Although gold is currently in a rebound stage in the short-term structure, according to the rebound strength, it is expected that the rebound space of gold is limited, so I think the rebound of gold is an opportunity to short. Don't think that 2315 is the bottom. Gold is likely to try to test 2300 or even 2280 during this round of decline.
So in terms of trading today, the idea of shorting at high levels remains unchanged. First, pay attention to the 2330-2335 resistance area, and then pay attention to the 2340-23450 resistance area. The former is regarded as the key of bears to test the low point again, or even break below 2315; the latter is the short-term strong defense of bears in the short-term volatile trend. In other words, below 2330, bears can complete the intraday low or new low in the short term; and after rebounding to 2345 and then falling, although there is still hope to test the new low, the time period will be longer.
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 XAUUSD Intraday Robbery 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 in the chart. Our target is Green 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.
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XAUUSD - dropped deeply as plannedSELL xauusd
2330-TP 2320
-
2340-TP 2320
--
Forecasts and comments
In May, global gold charges witnessed mild however constant growth, with a complete growth of 1.8% as compared to April, peaking at 2,449.89 USD/ounce on May 20. This is the fourth consecutive month of charge increases. According to Mr. Tai Wong, a valuable metals dealer in New York, the mild decline in gold charges can be a short-time period correction after a chain of recoveries due to the fact the start of the year. US PCE records confirmed a 0.3% upward thrust in April, displaying symptoms and symptoms of stabilizing inflation in 2024, with center inflation growing 2.7% withinside the twelve months to March.
Expectations for the Fed to reduce hobby charges from September 2024 have reduced as April inflation become unchanged from the preceding month and nonetheless a ways from the 2% target. Dallas Fed President Lorie Logan emphasised that even though inflation is coming near target, it's far nonetheless too early to keep in mind slicing hobby charges.
Analysts at UBS forecast that gold charges may want to upward thrust to $2,500/ounce in September and attain $2,600/ounce through the give up of the year. UBS additionally predicts that gold charges may want to attain 2,seven hundred USD/ounce through June 2025.
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024
🔥 World situation:
Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset.
🔥 Identify:
Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas next week
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2362, $2414
Support : $2306, $2282, $2250
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
The short sell is far from over, continue to short gold!At present, gold still maintains a weak downward trend and successfully breaks through the previous key support area of 2335-2330. It has already fallen below the previous low of 2325. Although it is just a puncture, the upward trend of shocks has been destroyed. The market trend has obviously changed. In addition, gold is running below the moving average today, and there is almost no resistance during the decline. The short-selling force will temporarily dominate the direction of the market.
As gold falls, the upper resistance also moves down. At present, the short-term resistance is concentrated in the 2340-2350 area. So we are still boldly shorting gold in this resistance area!
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 is currently retesting the Bottom of the weekGOLD has presently retested the Bottom of the week and is absolutely beneath the MA line. According to this rhythm, anybody need to extrade the path of the Sell Wave lower back to Area 2310 after which New Canh reacts to the Support resistance or Rsi is simply too Sell after which Buy.
>Like the present day Gold Wave, I will watch the transaction in 2 directions. Gold Sell Soup on Zone 2336>2338
SL 2340
City 2330>2326
Buy GOLD in step with the candlestick location of the antique backside thru Area 2325>2328
SL 2323
TP 2336>2340
Gold price recovers in the short term !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing.
⭐️ Personal comments NOVA:
Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING
TP1: $2330
TP2: $2335
TP3: $2340
🔥BUY GOLD zone: $2305 - $2307 SL $2300
TP1: $2315
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Xauusd confirm signal FOMC Sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2389
Target 2385
Target 2381
Target 2350
Go long gold first, then go short goldGold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue to rebound. However, last week's high black candlestick chart was engulfed, laying the foundation for bearishness this week. The overnight strong impact also failed to break through the 2365 key point, indicating that there are still a lot of short pressure above 2360. So overall I still tend to be bearish on gold.
However, gold has now fallen back to around 2340. Before gold fails to fall below the 2335-2330 area, gold bulls still have room to fight back. So for the time being, I will not be too bearish on gold. In terms of short-term trading, I think both long and short sides have the potential to make profits.
So it has fallen back to around 2340. We can first participate in short-term long gold. After gold rebounds, we can consider shorting gold at the right time!
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: 2368-2373 is a good short trading range
In the past day, gold reached a high of around 2364, just one step away from the resistance. Today's focus is still on whether the resistance is broken or not.
Judging from the current market situation, I still want to try the resistance. It depends on whether I can accumulate enough bullish power in the 2347-2334 range during the backtest. If I can, then there is hope for the first attempt at resistance today.
If I want to break through the resistance and achieve the resistance in the range of 2383-2391, there is little chance today. The focus is on tomorrow's data. If it is favorable to gold bulls, then this possibility will be greater.
Today's trading focus is on the resistance range of 2368-2373. If it can reach this position, it will be a better short trading area. If it cannot be reached, continue to maintain the strategy of going long at a low position.
Friends who need detailed trading signals can leave me a message to receive them.
XAUUSD - short term is still completely on the buy side💎XAUUSD Analysis💎
🔸The short-time period gold rate continues to be retaining an uptrend, specifically after checking out the 2347 neckline yesterday. Therefore, nowadays it's far anticipated that gold will preserve to upward thrust to discover the resistance vicinity across the 2370-2375 threshold. You can bear in mind shopping for across the 2350-2355 vicinity, that is the vicinity touching the preceding fashion line.
⚜️BUY LIMIT XAUUSD⚜️
(The order takes impact inside 24 hours)
👉ENTRY 2348-2350
🔺SL 2344
❇️TP1 2356
❇️TP2 2362
❇️TP3 2370
--
Gold fee forecast
Thus, it's miles possibly that the Fed will nevertheless opposite economic coverage withinside the 2d 1/2 of of 2024. At that time, the USD may have issue ultimate at its contemporary level.
After hovering to 105.2 factors on the give up of ultimate week, the DXY index - measuring the fluctuation of the dollar towards 6 primary currencies - at the start of the May 28 session (US time) dropped to 104. ,four factors.
Gold costs extended sharply way to the commodity intently associated with gold, WTI oil, which extended through 1.5%, to almost 78.nine USD/barrel.
On Kitco, consistent with Kim Cramer Larsson, an professional from Saxo Bank, gold is once more in a fee growth after ultimate week`s plunge. Accordingly, if gold breaks the resistance threshold of 2,385 USD/ounce, gold will go back to its preceding uptrend. The goal can be 2,500 USD/ounce.
GOLD - The bulls completely dominated the marketGold Currently I see it reacting pretty definitely to the present day parallel Resistance Zone. In order for Gold to boom strongly returned to the 238x quarter or similarly to 24xx, Gold have to at the least spoil via this 2366 Reaction Zone soon. Otherwise, I bet there can be a time to check the 234x location once more, then Gold will boom strongly.
>Like Today you could confer with Gold`s Reaction Soup round paragraph 2351>2355 To Buy
SL 2348
TP 2365>237x
Currently, I see that Gold is walking absolutely at the Ma line, so I will wait and purchase once more following the response to Ma in Frames M30 and H1. Also, look ahead to response vs resistance on this location to shop for once more.
If you've got got any questions, please inbox me so I can proportion more
Gold’s rebound is a good opportunity to go shortAfter overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that gold has stopped falling and stabilized in the short term, and may continue to rebound, and may even hit 2400 again. The other voice is that gold’s rebound is weak and there is still room for decline.It may continue to fall to around 2300 after consolidation.
In fact, relatively speaking, I think gold cannot be characterized as a market reversal for the time being, but only a short-term rebound after the market crash. As evidenced by the fact that gold fell again after touching around 2357 today.Judging from the current trend, gold currently tends to fluctuate, but as far as the restorative market is concerned, the repair intensity is still lacking, so it is still not ruled out that gold will continue to fall after the shock;In addition, from the perspective of the U.S. dollar index, the U.S. dollar index has fallen significantly, while the short-term rebound of gold is far less than the decline of the U.S. dollar index, so the overall gold appears to be weaker. And as gold falls back to the 2340 area again, the upper pressure is stronger, so I expect gold’s short-term rebound to be limited.
So in terms of trading, I still tend to short gold after gold rebounds. The first thing to focus on is the 2360-2370 resistance area, especially the 2365 position area, which is a strong defensive area for short sellers. Below, we are still focusing on the 2335-2330 support area for the time being. This area is the starting point of the two rebounds and has a strong short-term support effect. However, any time this area is broken, it will be conducive to the outbreak of shorts!
2368 is the key point, a double bottom cannot be ruled out
Gold currently continues to focus on the resistance near 2368, which is the focus of the current trend shift, so if you are trading in the general trend, this position cannot be ignored.
If it cannot break through 2368, bulls may counterattack at any time, so the risk of going long at a low level is relatively small.
But once it breaks through 2368, you need to be wary of another outbreak of shorts. If you want to chase longs, you must be cautious. As long as there is profit, you must not be too greedy. Taking profits in time is the safe way to trade.
The view of the general trend remains unchanged, the strong resistance for rebound is 2368-2383-2391, and the short target is 2280-2230-2200. I wish everyone good luck and feel free to leave me a message if you have any questions.
27TH MAY GOLD ANALYSIS1. Introduction
Gold prices are highly influenced by various global economic factors, including the demand from major economies such as China. As a member of BRICS (Brazil, Russia, India, China, and South Africa), China's economic strategies, including its moves to create a new currency to counter the US dollar, significantly impact gold prices. Currently, there are indications that the strength of buying gold in China is decreasing, which could have implications for the gold market.
2. Current Market Situation
As of today, we have identified two key selling zones for gold:
Sell Zone 1: $2347 - $2350
Sell Zone 2: $2365 - $2370
3. Impact of China's Gold Buying Strength
China has been a major player in the gold market, with its buying strength often acting as a significant support for gold prices. However, recent reports suggest a decrease in China's gold buying. This reduction can be attributed to several factors:
Economic Slowdown: China's economic growth has been slowing down, impacting its investment in commodities, including gold.
Policy Shifts : Changes in China's monetary policies and a focus on diversifying its reserves may also lead to reduced gold purchases.
BRICS Currency Initiative : As BRICS aims to create a new currency to challenge the US dollar, China may be reallocating its resources and strategic focus away from gold.
4. Implications for Gold Prices
The reduction in gold buying from China can lead to several potential impacts on gold prices:
Decreased Demand: With China being a significant buyer, a reduction in demand can lead to downward pressure on gold prices.
Market Sentiment: Market participants often take cues from major economies like China. A perceived lack of interest from China can result in bearish sentiment among other investors.
Geopolitical Factors: The BRICS' initiative to create a new currency may also introduce uncertainty and volatility in the currency and commodity markets, influencing gold prices.
5. Trading Strategy
Given the current situation, traders should consider the identified selling zones for potential trade setups:
Sell Zone 1 ($2347 - $2350): This zone represents a near-term resistance level where sellers might be active. Traders can look for bearish signals to enter short positions around this area.
Sell Zone 2 ($2365 - $2370) : This higher resistance zone could offer a more favorable risk-reward ratio for selling, especially if gold prices make a significant move upwards before facing resistance.
XAUUSD- Gold price cannot cool down in the short termGOLD nowadays is going for walks above the 235x zone. With this rhythm, on body D1, I see that the candles are going for walks absolutely above the MA. In addition, as on Zoom final night, I additionally stated that Gold will without difficulty react barely with the parallel resistance location at 2356>2360.
>If at this Beat Gold will increase strongly thru this Zone, it's miles probable that Gold will growth strongly once more with the aid of using 238x.
Today you may confer with Canh Buy GOLD round 2348>2352
SL 2346
TP 2360>237x.
Surely Gold can have mild declines. But for now, nowadays I will observe the primary Trend`s Plan to trade. If there's any new information, I will replace greater everyone ❤️❤️
Gold's fall is not enough, continue to short gold!Today, gold once again tested Friday's US market high near 2347 and continued to fall. It did not continue to sprint to the 2350-2355 area. Gold is still in the low-level shock repair stage. Moreover, there is some lack of strength during the rebound. Based on the current situation, gold may have to trade time for space. Gold's rebound failed to break through the 2350 level, so it is not too early to determine whether gold will stabilize and reverse upward. Only when gold's short-term heavy volume breaks through the 2350-2355 area will further rise and breakthrough be possible.
So in terms of trading, gold is still in a weak position until it breaks through the 2350-2355 area, so I would be more inclined to short gold. Then expect a new downtrend to break out.
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 (XAU/USD) ForecastThe provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart:
Timeframe and Data:
- Timeframe: Daily (1D)
- Data Range: From early March 2024 to late May 2024
Price Analysis:
- Current Price: $2,355.55
- Price Movement: The price has shown an overall uptrend from March to mid-May 2024, followed by a consolidation and potential bearish reversal.
Technical Patterns and Indicators:
- Divergence Pattern:
- The chart indicates a divergence pattern, where the price has been making higher highs, but the volume has been decreasing. This divergence between price and volume suggests a weakening uptrend and potential bearish reversal.
- Resistance and Support Levels:
- Resistance Levels:
- A major resistance zone is marked around $2,397.52.
- The area just below the recent highs, approximately $2,350.00 to $2,370.00, is acting as an immediate resistance.
- Support Levels:
- Immediate support is marked around $2,300.00 to $2,320.00, which coincides with a previous consolidation area.
- The next significant support level is indicated at $2,283.39.
- Trendlines:
- An upward-sloping trendline can be seen connecting the higher lows from mid-March to mid-May 2024, suggesting an uptrend. However, the recent price action is testing this trendline.
- Another dotted trendline at the bottom highlights decreasing volume over time, reinforcing the divergence pattern.
- Sell Trigger and Target:
- A sell signal is suggested by the divergence pattern, indicating that gold may fall this week.
- Target Price: The sell target (TP) is marked at $2,280.00, suggesting a bearish move towards this level after breaking the immediate support.
Key Levels:
- Resistance Levels:
- Major resistance at around $2,397.52.
- Immediate resistance at approximately $2,350.00 to $2,370.00.
- Support Levels:
- Immediate support at around $2,300.00 to $2,320.00.
- Further support at the significant level of $2,283.39.
Trade Setup:
- Bearish Scenario: The divergence pattern suggests a potential bearish scenario. If the price breaks below the immediate support level of $2,300.00, a move towards the sell target at $2,280.00 is likely. The weakening volume adds to the bearish sentiment.
- Bullish Scenario: For a bullish outlook, the price needs to break and sustain above the resistance zone around $2,370.00 to $2,397.52. This could invalidate the divergence pattern and suggest further upside potential.
Conclusion:
The chart for Gold Spot (XAU/USD) indicates a potential bearish scenario with the formation of a divergence pattern, where higher prices are met with lower volumes. A break below the immediate support level of $2,300.00 could trigger a move towards the sell target at $2,280.00. Traders should look for confirmed breakouts from key levels to make informed trading decisions. The resistance zone around $2,350.00 to $2,397.52 and the support levels at $2,300.00 and $2,283.39 are crucial levels to watch.
XAUUSD:Bulls still have another chance to attack
Gold began to rebound after falling to near the starting point of this rise. Now it is approaching the resistance level, the indicators have begun to weaken, and it is facing another direction choice.
If it breaks through, there will be a large rise, followed by a downward trend. If it cannot break through and falls back first, it means there is another chance for an upward move, so the trading strategy is to go long at a low level.
In the large-level time cycle, shorts are still the main force, with strong rebound resistance at 2368-2383-2391. The short trend of the large-scale cycle still maintains around 2280 or even around 2230-2200.
GOLD / XAUUSD Mine Robbery Plan to make moneyMy 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.
Note: 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,
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