Perfect Gold Trading AnalysisThe Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of $2,431.29. As US data showed rising employment costs, indicating that inflationary pressures persisted, gold prices fell sharply below the $2,300/ounce mark. In addition to the strengthening of the US dollar caused by US economic data, there were reports that Israel was preparing to send a delegation to Cairo to participate in the Gaza ceasefire negotiations, which weakened gold's safe-haven buying and dealt a blow to gold prices.
On the whole, today's short-term gold operation thinking is still to focus on rebound and short selling. The top short-term focus will be on the 2300-2310 first-line resistance, and the bottom short-term focus will be on the 2270-2275 first-line support. For intraday operations, you can refer to the 2295-2300 area for short entry orders.
Xauusdsell
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: Go long in the 2358-2352 range
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
💡 XAUUSD: Is the gold trend clear yet?After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish pin bar model on daily. Therefore, buying at this time still has many potential risks, you should wait and observe more.
This week's xauusd is likely to fluctuate strongly due to newsIf every body accompanied closing night, I analyzed in pretty element the Gold Price Range and Ma`s Trend.
>With the Current Price Range and Marginal Margin, this Morning anyone is looking to Buy GOLD round Zone 2352>2356
SL 2350
TP 2362>237x
>Because the principle fashion of the marketplace is Buy, Gold can nonetheless boom returned to 24xx withinside the close to future.
>
>If the Asian Gold Session drops beyond 2350, I will replace more. Currently, anyone can purchase consistent with the large body fashion for me.
GOOD LUCK MN ❤️❤️
--
James Stanley, senior marketplace strategist at Forex, stated the technical chart suggests a wonderful outlook for gold withinside the quick term. Speculators have located a number of orders, pulling gold`s upward fashion these days and the capacity to hold this outlook withinside the close to future.
Everett Millman, director of marketplace evaluation at Gainesville Coins, stated that the gold marketplace is asking at geopolitics and hobby rates. He stated that the Fed may have the capacity to modify hobby rates. Other primary banks round the arena have decreased hobby rates, the United States can't be ignored of this fashion.
Besides, primary banks constantly purchase in massive quantities, assisting gold fees boom sharply. This is why the marketplace recovered nicely after the current sell-offs.
This week, traders are interested by a few amazing financial data: US retail income report, weekly unemployment advantage applications, US production allows and housing starts, Philadelphia Fed production survey.
Gold rate forecast
According to Adrian Day, Chairman of Adrian Day Asset Management, gold fees may also lower after a pointy boom to 2,four hundred USD/ounce. He expected that gold fees this week are in all likelihood to transport sideways.
Meanwhile, Mark Leibovit, writer of VR Metals/Resource Letter, stated gold fees ought to upward thrust to $2,seven-hundred an oz this year.
GOLD Shorts (from 2390 back down towards 2320) My gold analysis suggests potential selling opportunities either from the current price level or at 2390. This decision is influenced by the fact that price has now entered a strong 8-hour supply zone, which is at a premium level. Additionally, despite the bullish momentum observed in price recently, there has been a noticeable slowdown in momentum on lower time frames, particularly noticeable on Friday.
I'll be particularly attentive to a liquidity sweep around the 2390 level, where the Asian high resides. Once this liquidity is absorbed, I'll be actively seeking favourable selling positions aiming towards the next demand zone. This approach aligns with my broader view of the gold market, which is currently bullish.
Confluences for GOLD sells are as follows:
- Price has slowed down after an impulsive move last week indicating a correction.
- Price is inside an 8hr supply zone and wyckoff distribution is playing out.
- Imbalance and liquidity below that needs to get mitigated.
- Demand zone on the 19hr around 2320, looking interesting for the next rally.
P.S. Should gold break through this entire supply zone and access the liquidity above next week, I'll adopt a strongly bullish stance. My focus will primarily be on identifying nearby demand zones to initiate buy positions.
Have a great trading week guys!
🥇Gold🥇is Ready to Fall Again🏃♂️ Gold is moving near the 🔴 Resistance zone($2,338-$2,318) 🔴and Resistance lines .
📈In terms of Classical Technical Analysis , Gold is completing the Falling Wedge pattern .
🔔I expect Gold to continue falling to the Support lines and 🟢 Support zone($2,272-$2,250) 🟢 at least.
Gold Analyze ( XAUUSD ), 4-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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Pay attention to gold’s pullback first, then track gold’s riseBecause the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and risk aversion once again supported the rise of gold. . Gold broke through multiple important resistance areas during its rise and once again formed a unilateral rise in the short-term pattern. The news dominates the rising market and does not give any chance for technical adjustments. Gold currently reaches a maximum of around 2378.
Because the market's bullish sentiment has been ignited, it may be difficult for gold to have a relatively large correction space in the short term, so gold will continue to be bullish in the short term. However, during the rapid rise of gold, there was not much retracement action, and the underlying foundation is not strong. Gold is also likely to retrace its steps to confirm support when encountering resistance, and then rise after a short-term correction to confirm support.
So in the next transaction, we must first focus on the 2380-2385 area resistance, followed by the 2390-2395 area resistance. If gold touches this area, we can first try to short gold, and then go long gold after the gold's fall is confirmed. Below, we first focus on the 2350-2345 area support.
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: Strong upward momentumGold prices increased sharply in the past session, forming a marubozu candle on the daily frame, showing that buying pressure is very strong. This move reinforced the previous triangle pattern breakout signal, suggesting the possibility of the price returning to an uptrend. Please pay attention to the current resistance level of 2350-2360. If it is broken, the price could extend its upward momentum and move towards the ATH level, then you can consider new buying positions.
Short gold first, then long gold after the pullbackRecently, I have been emphasizing that gold bulls still have room to support the rise of gold. Today, under the influence of the positive initial unemployment claims data, gold rose sharply in the short term and broke through multiple important resistance areas, reaching a maximum of around 2339.
According to the current structure, gold faces short-term resistance of 2338-2340, which is why gold does not break through the 2340 position in one fell swoop. Will gold still rise? Gold bulls are back in control and I think gold will continue to rise and at least try to hit the 2345-2350 area. However, before gold continues its rise, I think there may still be demand for gold to fall back in the short term.
Because gold has risen sharply in the short term, the increase has been too large, and there is no solid support during the period. Therefore, in order for gold to rise better, it is necessary to step back in the short term. Therefore, there is a demand for gold to pull back in the short term, so in the short-term trading rhythm, we can first try to short gold, and after gold falls back, we can then backhand and go long gold!
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Yesterday’s short gold profit was huge, can it continue today?Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320.
Gold has shot up many times and then fallen back. There are many resistances above, so there is a possibility of a sharp decline at any time.
💡 XAUUSD: Gold price struggles around important milestone!The above resistance level will be the focus on today's gold price chart. If successful, bulls will hope to bring the price back to its historic peak above the $2,400 mark. However, it is difficult for short sellers to see the above scenario happen easily, especially when their potential target around the $2,305 mark has not yet been completed.
In terms of trading volume, the decline of this indicator is showing that the market's moving momentum is weakening quite a lot. After a week with two blockbuster news, this week's economic calendar does not have many highlights other than the two central banks of Australia and the UK announcing their latest interest rate policies on Tuesday and Thursday respectively. Year.
Return to RETEST entry BUY gold ! Increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Minneapolis Fed President Neel Kashkari's recent suggestion that the Fed may halt changes to interest rates and possibly increase the federal funds rate if inflation doesn't decline has strengthened the Dollar. This week's economic agenda includes more commentary from Fed officials, Initial Jobless Claims for the week ending May 4, and the University of Michigan Consumer Sentiment's preliminary report.
⭐️ Personal comments NOVA:
Gold prices decreased when there was not much important economic data this week. Mainly sideways and back to test entry BUY $2290
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2293 - $2291 SL $2285
TP1: $2300
TP2: $2310
TP3: $2320
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2320
TP3: $2310
⭐️ 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
Gold wins two games in a row and is short at high levelsGold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
20 consecutive wins, continue to short gold after reboundToday, the overall gold market is in a volatile market. Gold fell and touched near 2310 multiple times before rebounding. It touched near 2323 again and then fell back again. Gold is currently trading near 2313. Today we successfully captured the profit from gold's rebound in trading. We went long gold in the 2314-2312 area and successfully hit TP: 2322. Continuing our 20-game winning streak in gold trading! Transaction results worthy of recognition!
Gold is currently trading near the 2313 position, but I do not recommend going long on gold here. The safest trading strategy is to wait for gold to rebound and then short gold again. From the short-term structure point of view, gold rebounded many times and then fell back, but it did not effectively break through the 2330 position, which consumed the gold bull momentum to a certain extent; it also showed that there were many resistances above and it was still difficult for gold to rise.
Moreover, the situation in the Middle East has worsened, but the reaction of gold seems to be small, and there has been no sharp rise, so we still have to be cautiously bullish on gold; gold fluctuated and fell back in the short term, and it did not have enough power to break through yesterday's new high during the rebound. This volatile downward trend is expected to be maintained in the short term. As gold falls back after rising high many times, we can appropriately move the short-term resistance area downward to the 2325-2320 area; while the strong resistance area above is still at the 2330-2335 area.
So in the next trading, I will insist on shorting gold after the rebound.Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
XAUUSD:Go long first, then go short
There is a high probability that the Asian session will rise tomorrow, so if you want to trade in the Asian session, you can go long on gold first. First look at the area around 2327-2332, where there is resistance, followed by 2336-2343. The probability of breaking through this position is not high. If you really want to break through, you must first test the support and confirm that it is effective before it can rise again. Therefore, the trading strategy is to go long first and then go short.
If you have any questions, please leave me a message.
Have a good day!
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.
Long & Short Places For Gold This Week To Get 500 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
World gold price todayWorld gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot.
The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree in approximately a month as a these days launched file confirmed a weakening US process marketplace, which raised expectancies that americaA Federal Reserve (Fed) ) will reduce hobby fees this year.
ActivTrades senior analyst Ricardo Evangelista stated that the quantity of jobs created final month became an awful lot much less than the network forecast, with slowing salary increase prompting the Fed to bear in mind economic cuts. coverage foreign money this year.
According to the FedWatch tool, following the file, the marketplace elevated the chance that the Fed will make its terrific reduce in September to 71%. Evangelista stated that buyers will watch for the expressions of a few Fed officers this week to have extra hyperlinks at the economic coverage course of the Bank of America. This professional additionally stated that tensions withinside the Middle East can be a element helping gold this week.
GOLD This precious metal is still being supported by many factorI suppose GOLD is presently on the Sideway Threshold, with a charge variety of round 10.
>Currently you could Buy Gold Again According to the Trend Plan in H1 vs H4
>I will propose following each instructions so that you can observe the transaction with peace of mind
>Can purchase GOLD round 2316>2320
SL 2314
TO 2328>233x
>If Gold falls beyond 231x, promote strongly to 2306>2300 or in addition to 22xx.
Still, as I shared, you should observe the fashion to trade. If you omit the Trend, look forward to a brand new fashion to seem truely after which enter
---------
Analysts stated that even though gold recorded its 2nd consecutive week of decline after a 5-week restoration streak, in general, investor sentiment nevertheless stays constructive approximately the treasured metal.
According to analysts` opinions, the United States Federal Reserve (Fed) is truly expressing its view that it'll not be hard in financial coverage from now till the quit of 2024. Specifically, in a current press convention Recently, Fed Chairman Jerome Powell made it clean that the United States Central Bank has no purpose of elevating hobby rates.
In addition to financial coverage elements, professionals additionally consider that the call for to shop for gold from significant banks is likewise one of the decisive elements pushing gold expenses to a brand new report high.
World Gold Council (WGC) worldwide studies director Juan Carlos Artigas stated that gold has validated to be the maximum various economic instrument, that is why significant banks keep to preserve gold.
💡 XAUUSD: Forecast for the first week of MayAccording to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over the same period to 1,238 tons - the strongest first quarter of the year since 2016.
The first quarter showed no slowdown in central bank gold purchases, with net purchases of 290 tonnes being added to official holdings, only a fraction of which is currently reflected in IMF data.
However, last week Gold is showing an ongoing downtrend. Will gold turn around or break ATH?
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!
Gold is still on a downward trend
The 4-hour moving average of gold is still in a downward bearish position, and the gold shorts are not over yet. Gold has fallen back quickly after every recent surge. The situation is still controlled by short sellers. Don’t be fooled by the strong rebound of gold bulls on the surface. The rebound is a better opportunity for short sellers.