Super Bullish Gold may reach 2500$(4//12/2024)In our last analysis, we had anticipated the OANDA:XAUUSD gold price to reach the 2300-2350$ zone. The price has reached our target and after a little correction, the price made a move to the 2400 area.
With everything happening worldwide, the 2500$ zone is not far from reach.
Our technical view has been shown in the chart.
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-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Goldbuy
CPI - factor affecting the increase in Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting the release of the US Consumer Price Index and the Federal Open Market Committee Minutes on Wednesday.
⭐️ Personal comments NOVA:
The uptrend line continues - today's CPI data, according to economic experts, is still not positive for the dollar - Gold prices still have many new rising motivations
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2370
Pay attention to the psychological resistance zone $2398-$2400
🔥SELL GOLD zone: $2371 - $2373 SL $2376 scalping
TP1: $2360
TP2: $2355
TP3: $2350
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 BULLISH CONFIRM BUYGold peaked beyond $2,300, should correct before a new leg north
Gold stays in a consolidation phase and trades below $2,290 after reaching a new record-high above $2,300 earlier in the day. The benchmark 10-year US Treasury bond yield holds steady above 4.3% ahead of Fedspeak, limiting XAU/USD's upside.
XAUUSD FLYING TODAY Spot Gold resumed its advance on Tuesday, resulting in XAU/USD reaching a fresh all-time high of $2,276.90 in the American session. The US Dollar pared gains at the beginning of the day and lost some additional ground after Wall Street’s opening, despite generally upbeat United States (US) data and the poor performance of US indexes.
XAUUSD BUYGold price (XAU/USD) drops to $2,150 in Tuesday’s European session as a strong US Dollar weighs heavily on the precious metal. The appeal for Gold remains subdued amid uncertainty ahead of the Federal Reserve’s monetary policy decision and the release of the quarterly dot plot on Wednesday.
The Fed is widely expected to keep interest rates unchanged in the range of 5.25%-5.50% for the fifth time in a row, but uncertainty over rate-cut projections keeps the Gold price on the tenterhooks. Investors are scaling back bets that the Fed could begin reducing interest rates in June, putting further downside pressure on Gold.
XAUUSD LONG ANALYSISGold trades deep in negative territory below $2,170 on Friday as the persistent USD strength doesn't allow XAU/USD to benefit from declining bond yields. The pair still looks to post small weekly gains after having pulled away from the record high it set above $2,220 on Wednesday.
GOLD-uptrend
The Federal Reserve kept interest rates steady on Wednesday, but policymakers signaled they still expect to cut interest rates by 75 basis points by the end of 2024. Three rate cuts are expected this year, according to the latest median economic forecast, but overall they are down from three months ago. Become more hawkish at one time forecast. Powell said it will soon begin to slow down the pace of reducing its balance sheet. Slowing down the balance sheet may allow the Fed to eventually reduce its holdings of government bonds more than previously expected. Currently, traders believe that the probability of a rate cut in June is 75%, while The probability before the Fed interest rate decision is announced is 60%. What needs attention today are: 20:30 US initial jobless claims for the week to March 16, US fourth quarter current account, US March Philadelphia Fed manufacturing index, 21:45 US March S&P Global Manufacturing Index Initial PMI value: US March S&P Global Services PMI initial value, 22:00 US February total existing home sales annualized, US February Conference Board Leading Indicator monthly rate.
Yesterday I thought it rose to 2173-2175 again, and there might be room for growth, but I didn't expect it to rise so much, so we need to be in awe of the market. As long as you follow my thoughts, even if you don't keep up with this rise, You shouldn’t lose money either
Today's transaction can only follow the trend. It is now a determined upward trend. The support below can be judged based on the unilateral moving average at 2192 and 2180. Buy near the support.
Following my strategy will make your trading easier
XAUUSD Today's Trading Strategy
After the FED meeting, the uptrend is still the dominant trend
The main trend is still uptrend so we still prioritize BUY positions
From now on, I will plan appropriate price zones
That's why today we will have 2 buying zones:
BUY ZONE 1: around round number 2200
BUY ZONE 2: Zone 2190
Key areas
BUY ZONE: 2199 - 2201 AND 2189 - 2191
TARGET: 2220
I will continuously update the plan
Gold Thursday trading signals and trend judgment (updated)
#XAUUSD The Federal Reserve ignited the market buying sentiment, and gold opened and rose to 2222 today. Gold moved below to 2192-2195-2197 multiple times. The top touched 2210-2212 many times.
The current golden range is 2180-2122. This trading range is very wide
Except for the current false breakthrough price of 2222. and the untouched support level below 2180. I think it is unlikely that gold will make a major correction. The reasonable trading range should be 2192-2222. Based on the Fib line and EMA line and today's running price as a reference. If gold fluctuates at a high level today, I think the trading range you can try is:
BUY2200-2202/ 1995-1997 sl2192 tp2213.5-2220
Because gold is still considered unstable in its current run. Of course, you can still choose not to trade and continue to observe.
If you are interested in my analysis, please join me. And give me a like. I update my thoughts almost every day
Gold trading trend next Monday
There will be no special news next Monday, and gold will fluctuate and consolidate. In the Asian and European markets, I think the possible operating range for gold is between 2150-2165. If there are new breakthroughs, I will update with new trends.
Operation strategy:
buy 2148-2153
sell 2163-2165
Set a smaller stop loss range.
I will update my analysis or signals if any range is broken, please join me. And give me a like. thank you all. Find me ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
GOLD H1 / Potential Small Retracement / Looking for a Long 💡Hello Traders!
This is My idea related to Gold H1. The bearish sentiment is still strong for short positions, that's why I will look for a long entry after I see a small retracement. I expect a confirmation of closing a FVG on a smaller timeframe.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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GOLD BUY DIRECTIONS TODAYGold price (XAU/USD) trades with a mild positive bias through the first half of the European session on Tuesday, albeit lacks follow-through and remains close to the weekly low, around the $2,150 area touched the previous day. The uncertainty over the Federal Reserve's (Fed) rate-cut path turns out to be a key factor that is holding back traders from placing fresh directional bets around the non-yielding yellow metal. Meanwhile, the warmer-than-expected US consumer inflation data on Tuesday fuelled speculations that the Fed might stick to its higher for longer narrative in the near term. This, along with the underlying strong bullish sentiment across the global equity markets, acts as a headwind for the precious metal.
CPI CALL XAUUSD ANALYSIS Gold price (XAU/USD) comes under some selling pressure on Tuesday and maintains its offered tone below the $2,180 level through the early European. Traders opt to lighten their bullish bets amid extremely overbought conditions on the daily chart and ahead of the release of the latest US consumer inflation figuers. The crucial US CPI report will influence expectations about the Federal Reserve's (Fed) rate cut path and play a key role in determining the next leg of a directional move for the non-yielding yellow metal.
GOLD MOVING UP CONFIRM Gold price (XAU/USD) gains positive traction for the sixth successive day on Thursday and climbs back above the $2,030 level during the early part of the European session, closer to over a one-week high touched the previous day. Despite the Federal Reserve's (Fed) hawkish outlook on interest rates, the US Dollar (USD) drops to a three-week low and turns out to be a key factor underpinning the commodity. Apart from this, concerns about geopolitical tensions stemming from conflicts in the Middle East further benefit the precious metal's safe-haven status and remain supportive of the move up.
GOLD GOING BUYGold 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.
XAUUSD NFP ANALYSISThat being said, the dovish commentary from central bank policymakers creates a tailwind for the yellow metal. The Fed Chair Jerome Powell said the US central bank is "not far" from gaining enough confidence that inflation will reach its 2% target to begin lowering interest rates. Investors will take more cues from the US Nonfarm Payrolls (NFP) data on Friday for fresh impetus, which is expected to see 200,000 jobs added to the US economy. However, the stronger-than-expected data might lift the Greenback and exert some selling pressure on the gold price.
XAUUSD BUYGold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Friday's disappointing release of the US ISM Manufacturing PMI and the University of Michigan’s Consumer Sentiment Index, along with less-hawkish remarks by Federal Reserve (Fed) officials, reaffirmed bets for a June rate cut. This, in turn, keeps the US Dollar (USD) bulls on the defensive and acts as a tailwind for the yellow metal.
XAUUSD BUYGold price (XAU/USD) is seen oscillating in a range through the early European session on Tuesday and consolidating its recent strong gains to a three-month top, around the $2,120 area touched the previous day. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to Fed Chair Jerome Powell's two-day congressional testimony starting on Wednesday.
XAUUSD BUY : FOLLOW RESISTANCE AND TARGET LINEGold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which leads to wider ticks on the upside and heavy volume.