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XAUUSD : Gold will fall after today's dataThe price of gold (XAU/USD) yesterday fell more than 1.4% from a high of 2,352 USD to a low of 2,318 USD, a decrease of about 40 USD. This trend is partly due to the slight recovery of the USD, which has a negative correlation with gold. In addition, investors' attention may be shifting to the bond market as concerns about economic growth increase after recent poor data from the US. Job openings data according to the newly released JOLTS report were lower than expected with only 8.06 million in April, compared to the forecast of 8.34 million and 8.35 million in March (according to data from the US Bureau of Labor Statistics). ). This data shows that the US labor market is showing signs of weakness. The US non-farm payrolls (NFP) report scheduled to be released on Friday will be the most important event this week. JOLTS numbers lower than expected are considered a bad signal. If NFP also shows similar results, the USD will likely come under significant selling pressure, thereby supporting gold prices.
OANDA:XAUUSD
by SantaTradeGold
XAU dropped sharply in today's trading sessionThe USD increased slightly thanks to bottom-catching demand after this currency continuously decreased recently. Previously, the USD fell because there were more signals that the US would soon cut interest rates. Gold prices in the international market decreased mainly because the USD inched up slightly and the commodity closely related to gold, oil, plummeted. It can be seen that in the medium and long term, the USD is under pressure to decrease in price following the loosening of US monetary policy. Gold price will thereby be supported. However, it is likely that it will take until September or November for the US to cut interest rates. Many other central banks such as Europe's ECB or Britain's BOE may cut interest rates sooner. This also means that, in the short term, the USD may still increase. When the USD moves up, it will be difficult for precious metal products to increase in price, or even decrease due to a prolonged increase from the end of 2023 until now.
OANDA:XAUUSD
by NicoTradingMaster
Gold will cool down in the next trading sessionsExperts accept as true with that the Fed`s hobby charge route may be the principle element affecting the route of gold withinside the brief term. Therefore, the marketplace will retain to concentrate for statistics this is predicted to have an effect at the Fed's selection. This week, except employment data, the gold marketplace will watch for the hobby charge selection of the European Central Bank (ECB). The financial institution will nearly genuinely reduce hobby charges with the aid of using 25 foundation factors and this can end up the primary predominant crucial financial institution to reduce hobby charges this cycle xan rate can also additionally get better withinside the subsequent buying and selling sessions Many analysts expect that, beforehand of the Fed's financial coverage assembly on June 11-12, many traders will boom buying, inflicting gold costs to boom sharply earlier than the assembly.
TVC:GOLD
by TrategySherpa
NZD/CAD Short, NZD/CHF Short and SUGAR/USD ShortNZD/CAD Short Minimum entry requirements: • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CHF Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
OANDA:SUGARUSDShort
by StewySongs
XAUUSD : Gold is slightly decreasing after the increaseTechnically, the $2,360 area, corresponding to Friday's session high, is considered the closest barrier, followed by the $2,364 level. Overcoming these barriers in a convincing way can trigger the excitement of buyers and push the gold price to the $2,385 area, then towards $2,400. The upward momentum could even continue to extend to the $2,425 area, or even the historic peak recorded in May at $2,450. On the contrary, the SMA 50, currently fluctuating around 2,334 USD, will act as the first important support. The next support zone is around 2,325 USD and beyond is yesterday's session low near 2,314 USD. However, it should be noted that oscillators on the daily chart are starting to show negative signals. Therefore, a credible break-down above the 50 SMA could pave the way for stronger declines, sending gold prices to retest the $2,300 level and even the key support zone around 2,285 - 2,284 USD.
OANDA:XAUUSD
by SantaTradeGold
3
Fed interest rates impact XAU in the short termExperts believe that the Fed's interest rate direction will be the main factor affecting the direction of gold in the short term. Therefore, the market will continue to listen for information that is expected to have an impact on the Fed's decision. This week, besides employment data, the gold market will wait for the interest rate decision of the European Central Bank (ECB). The bank will almost certainly cut interest rates by 25 basis points and this could become the first major central bank to cut interest rates this cycle xan price may recover in the next trading sessions Many analysts predict that, ahead of the Fed's monetary policy meeting on June 11-12, many investors will increase buying, causing gold prices to increase sharply before the meeting.
OANDA:XAUUSD
by TrategySherpa
EURUSD: Buy the 4H MA50 pullback and sell at the top.EURUSD is bullish on its 1D technical outlook (RSI = 63.032, MACD = 0.002, ADX = 27.518) and on 4H it is attempting a closing above the R1 level. On the short term we have a Channel Up that will validate the new Bullish Leg if we close a 4H candle over the R1 level. If that happens, we will buy the first pullback to the 4H MA50 and aim for a +1.43% from the latest Low (TP = 1.09400), exactly what took place on April 26th. In the same manner, we will short then and aim for the 4H MA200 (TP = 1.08500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
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
OANDA:XAUUSD
by itsbluemorpho
⭐️ XAU/USD : More Fall Ahead ? (First Long, then SHORT)Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360! Additionally, all the levels mentioned in the previous analysis remain valid. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
82
DXY Intra Day Play 03.06.2024On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this breakout continue as it will give me further conifrnation to enter sells on EUR/USD which has broke below the asian low and has now found itself adncing below the 200ema. Chart: I am also keen on seeing this corrolate with Gold and Silver who are also both showing signs of trading below last week's POC levels Silver: Gold: This will make it a rather interesting start to the week,,, especially if the PMI results do come back as forecasted at 49.8 or even stronger this afternoon when the US Market opens up. Hope you have a great day and that your screens are green. Let me know what you guys think. Happy Trading.
TVC:DXYLong
by FXCapitalClub
Gold price decreased slightly in today's trading sessionGold prices are forecast to have many fluctuations in the short term when the market receives important economic data from the US, such as the purchasing managers index report in the manufacturing and service sectors, and the number of applications reported. Unemployment benefits and May non-farm payroll report The slight decrease in gold prices may be a short-term correction after a series of recoveries since the beginning of the year. US PCE data showed a 0.3% rise in April, showing signs of stabilizing inflation in 2024, with core inflation rising 2.7% in the 12 months to March. Expectations for the Fed to cut interest rates from September 2024 have decreased as April inflation was unchanged from the previous month and still far from the 2% target. World gold prices tend to decrease compared to last week's closing level. However, the latest Kitco News Gold Survey results show that both experts and retail investors maintain optimism about gold's prospects in the short term.
TVC:GOLD
by TrategySherpa
XAU dropped sharply in the first trading session of the weekThe slight decrease in gold prices may be a short-term correction after a series of recoveries since the beginning of the year. US PCE data showed a 0.3% rise in April, showing signs of stabilizing inflation in 2024, with core inflation rising 2.7% in the 12 months to March. Expectations for the Fed to cut interest rates from September 2024 have decreased as April inflation was unchanged from the previous month and still far from the 2% target. World gold prices tend to decrease compared to last week's closing level. However, the latest Kitco News Gold Survey results show that both experts and retail investors maintain optimism about gold's prospects in the short term.
OANDA:XAUUSD
by TrategySherpa
GBP/CAD Long, AUD/NZD Short, USD/CHF Short and GBP/AUD LongGBP/CAD Long Minimum entry requirements: • Break below area of value. • 1H impulse up above area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • If 2 touch 15 min continuation, 5 min risk entry within it. USD/CHF Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it. GBP/AUD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
GOLD (XAU/USD): what does the MTF view orchestrate?Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the upcoming middle to long run if our game-plan plays out as desired. Zooming into the Weekly-timeframe chart to locate probable entry areas, the right shoulder zone of the currently forming Head&Shoulders pattern could be held under the radar. If the price manages to bounce off the neckline highlighted on the graph and reach the right shoulder zone as orchestrated, we might look into taking short positions and aim for the 2.07 destination in the upcoming long run.
OANDA:XAUUSDShort
by Investroy
EUR/USD (euro-dollar): a multi-timeframe view (W & D)Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the upward direction after having broken out of the descending trend-line highlighted on the chart. Zooming into the Daily timeframe, the zone-to-zone movement of the price could be clearly noticed. Thus, holding on to our bullish sentiment, we are executing long positions with the stop-out order below the ongoing build-up and the target level set at key level identified on the Weekly timeframe.
Long
by Investroy
XAU price stands around the threshold of 2,345 USDWorld gold prices dropped sharply to 2,323 USD/ounce due to the impact of comments on May 28 by Minneapolis Fed President Neel Kashkari about the US Federal Reserve (Fed) not cutting interest rates soon. in this year. However, gold prices suddenly increased sharply again due to witnessing large purchases from investors after the US preliminary announcement of first quarter GDP was lower than initially expected. According to the US Bureau of Economic Analysis, US first quarter GDP increased by 1.3%, lower than the 1.6% previously estimated. Market analyst Han Tan of Exinity Group said that the gold market is waiting for more personal consumption consumption data (PCE) for May to be announced from the US. If this index rises higher than expected, it will increase the likelihood that the Fed will keep interest rates unchanged for a longer period of time. According to experts from the Swiss Bank (UBS), there are 3 factors supporting the uptrend of gold, the most important being the Fed's monetary policy. Analysts say that just a small interest rate cut by the Fed, even 25 percentage points, would be enough to bring gold prices to a new average high.
OANDA:XAUUSD
by TrategySherpa