XAUUSD:28/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2370, support below is 2327
Four-hour resistance is 2370, support below is 2327
Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a suppressed and volatile operating rhythm until it reaches the 2400-point integer mark.
Judging from the current trend, today's short-term pressure will focus on 2370. During the day, counterattacks will rely on this position to be bearish. The short-term support below will focus on around 2340. Today, the overall focus will be on selling high and buying low in the 2340-2370 area, and trade cautiously in the middle position.
SELL:2370near
SELL:2360near
BUY: 2340near
Technical analysis only provides trading direction!
Goldintraday
GOLD - gold price cannot cool down yetForecast
Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently having a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction.
Lukman Otunuga stated that if the May PCE file is launched better than marketplace forecasts, this will deal every other blow to expectancies of Fed hobby price easing, inflicting gold expenses to fall even deeper.
But analysts expect that traders are nevertheless having a bet on gold expenses to boom withinside the close to future. Forecasts say that with the aid of using the give up of the week, gold rate will boom to 2,375 USD/ounce./.
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GOLD increases - geopolitical tensions and FED interest ratesAccording to analysts, the USD weakens best withinside the brief term. More importantly at the prevailing time, the gold marketplace is popping its eyes to the May US non-public intake expenditure index (PCE) record to be posted on June 1.
Most professionals accept as true with that this index will boom greater than formerly forecast, making the time to reduce hobby quotes via way of means of the United States Federal Reserve (Fed) more and more more distant.
Therefore, CEO Marc Chandler of Bannockburn Global the Forex market found out that valuable metals have become very unstable for owners, inflicting traders to more and more more depart and now not be interested by the gold marketplace. .
In addition, the lower in gold call for from Chinese traders and the easing of the effect of geopolitical dangers after the helicopter crash that killed the Iranian President also are damaging factors. for valuable metals.
Gold charge forecast
Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently making a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction.
Lukman Otunuga stated that if the May PCE record is launched better than marketplace forecasts, this will deal some other blow to expectancies of Fed hobby price easing, inflicting gold costs to fall even deeper.
But analysts expect that traders are nevertheless making a bet on gold costs to boom withinside the close to future. Forecasts say that via way of means of the cease of the week, gold charge will boom to 2,375 USD/ounce.
XAUUSD: 22/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2450-2500, support below is 2411-2371
Four-hour resistance is 2435-2450, support below is 2411-00
Gold operation suggestions: Yesterday, the technical aspect of gold fell rapidly in the Asian market and pierced the 2406 mark, ushering in a stabilizing recovery. In the afternoon, the gold price stepped back down for the second time and stabilized at the 2408 mark, ushering in a bull shock recovery. NY time quickly surged above 2433 and fell back under pressure. After testing the effectiveness of the support around the 2406 mark, the overall price ushered in a rebound and repair market that bottomed out. However, the top still suppressed the operation in the 2435-2440 area.
Judging from the current trend, the lower support focuses on yesterday's low of 2406-2408, the upper short-term pressure focuses on 2430-2435, and the focus is on the suppression of 2450. Let's first see that gold maintains a wide range of long and short fluctuations in this range. In the middle position, watch more and move less. , trade cautiously and wait patiently for key points to enter the market.
BUY:2411 near SL:2406
BUY:2400 near SL:2397
BUY:2435 near SL:2430
Technical analysis only provides trading direction!
Gold price trend analysis and plan on the 13th
There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the impact of news. The current support of the trend is also located near here. I personally think that 2330-2335 is a suitable buying range. Pay attention to controlling risks during operation.
XAUUSD: 20/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2450-2500, support below is 2413-2371
Four-hour resistance is 2450, support below is 2413
Gold operation suggestions:
The strong dividing line for short-term bulls has moved to the 2400 integer mark, and the daily level has stabilized above this position and continues to maintain the trend of low and long bullish rhythm.
Judging from the daily gold trend, the lower support for gold is focused on 2413-2400-2370, and the upper focus is on 2445-2450 for suppression. The bull situation is still strong, and market risk aversion continues to heat up, so we can do long at low levels in operation, and the risk of trading with the trend is low. .
BUY:2415 near SL:2411
BUY:2400 near SL:2397
Technical analysis only provides trading direction!
Gold Continues Higher . . . Look for Small PullbackWhere are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
GOLD - What is the current trend for gold ?World gold rate multiplied through 26 USD, placing a brand new file at 2,437 USD/ounce, at one factor accomplishing the very best degree of 2,439 USD/ounce. The purpose why gold fees multiplied past 2,four hundred USD/ounce become the declaration through US Federal Reserve Chairman Jerome Powell and monetary statistics confirming that hobby prices will now no longer boom anymore and the Fed might also additionally will quickly loosen financial coverage this year. Gold`s latest healing has additionally been pushed through robust call for from significant banks. According to latest reports, now no longer simplest China and Türkiye however additionally Middle Eastern nations are growing gold purchases.
This week, the marketplace awaits critical statistics together with US present domestic sales, Open Market Committee (FOMC) mins from the April and May financial coverage meeting; S&P Flash production and offerings PMI; weekly unemployment claims; US new domestic sales; long lasting items orders.
Buy at the current gold price. Waiting for the rise MCX:GOLD1! COMEX:GC1! TVC:GOLD
2313-2315 buy gold. Combined with MA5 cross support. The MA support of the large cycle below. as an upward trend driver. Target 2321-2328
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Ultra-short-term gold buy. The increase is about 6-10 US dollars
Friends who like to trade gold can add long orders for gold. There is room for an increase of about 6-10 US dollars.
The MA 30-minute chart shows that gold is about to form an inverted triangle. It is a good choice to rely on the support below to go long in the short term.
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XAUUSD:17/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2373
Gold operation suggestions: Yesterday, the technical aspects of gold surged rapidly in the Asian market and broke through the 2397 mark, ushering in a suppressed and volatile downward trend. The European market reversed for a second time and came under pressure of 2394, and fell back again. In the US market, the gold price continued to bear the influence of the initial unemployment claims data. It weakened again under the 2386 mark, and finally continued to decline to rebound and close around 2370. The overall price appeared under pressure below the 2400 integer mark. Yesterday, the European market opened down around 2392-94, which became a short-term strong resistance area.
Judging from the 4-hour trend of gold, the short-term support below is focused around 2370-73. The overall focus is on the 2370-2395 area to maintain selling high and buying low. The strong dividing line for short-term bulls focuses on the 2350 mark. The daily level has stabilized and bulls are still strong above this position. There is no important data today. Beware of unilateral market trends.
SELL:2397near SL:2341
BUY:2373near SL:2370
Technical analysis only provides trading direction!
XAUUSD: 16/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2384-73
Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated upwards and strengthened. Before the US market, the gold price dipped for the second time and stabilized at the 2358 mark. Under the influence of bullish CPI data, the gold price quickly It surged above 2378 and suppressed the fall. Afterwards, the gold price dipped for the second time and stabilized again at the 2351 mark, ushering in a strong bullish straight-line breakthrough, and finally closed above 2390. The daily level continued to be strong, maintaining the unilateral upward rhythm of the bulls.
Judging from the current trend, today's lower support will focus on the hourly top-bottom transition position around 2384-73. If you step back during the day, you will rely on this position to continue to follow the trend. The bullish trend remains unchanged. The strong dividing line for short-term bulls will focus on the 2373 mark. When the daily level stabilizes above this position, the strong bullish rising rhythm will still be maintained. The main focus is to continue to buy at low prices to participate after stepping back.
BUY:2384near SL:2380
BUY:2373near SL:2370
Technical analysis only provides trading direction!
GOLD - in the long term is still bullishThe US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%.
Mr. Jim Wyckoff, senior analyst at Kitco Metals, stated that the gold marketplace is witnessing a few ordinary profit-taking strain after latest gains, whilst a mild growth withinside the USD index additionally contributed to extended strain. that force.
However, Fitch Solutions` BMI evaluation unit stated that a weaker USD, falling US authorities bond yields in addition to extended geopolitical tensions supported gold final week. This unit nonetheless expects gold fees to hold above 2,250 USD/ounce withinside the coming months...
Buy gold price near 2320. Target position short-term 2346 first
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line
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Gold can still maintain this range for long purchases to earn the price difference. Rely on the MA below and the geopolitical news below as support. In the ultra-short term, I personally think there will be more room for buying operations and lower risks. 20310-2319buy
COMEX:GC1! TVC:GOLD OANDA:XAUUSD MCX:GOLD1!
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Gold prices are likely to increase sharply in the coming daysGold rate forecast
Gold costs accelerated due to the fact tensions in Ukraine and the Middle East nonetheless display no symptoms and symptoms of cooling down. Russia is attacking on many fronts in Ukraine and fierce combating is occurring. Meanwhile, withinside the Middle East, Iran these days stated it'd create a nuclear bomb if threatened via way of means of Israel.
With indicators from cooling US commodity costs, it's far probable that the USD will keep to sag and in all likelihood weaken because the time till the September assembly steadily shortens.
Recently, many forecasts say that gold costs can also additionally weaken this summer, in all likelihood in May and June while the Fed delays reducing hobby rates. However, if inflation withinside the US is still managed and americaA financial system suggests similarly symptoms and symptoms of weak spot, gold has the possibility to growth its rating following the weak spot of the greenback.
In addition, buyers additionally carefully display geopolitical fluctuations withinside the Middle East, Ukraine and a few different regions.
XAUUSD: 14/5 Gold fluctuates in a wide rangeGold technical analysis
Daily resistance 2361-2400, support below 2327-19
Four-hour resistance is 2345-65, support below is 2327-19
Gold operation advice: Yesterday, gold technology faced a unilateral decline. The Asian and European markets rebounded slightly and were under pressure. The 2364 mark continued to fluctuate downwards and weakened, and then further accelerated downwards and broke through the 2350 mark to reach a stable rebound near 2338. In the end, the U.S. market rebounded for the second time and came under pressure at the 2349 mark, which further fell to a new low and closed at a new low. After a strong rise in the two trading days of last Thursday and Friday, the overall price once again ushered in a suppressed fall and closed. In the short term, it still showed a wide range of long and short shocks. Running below 2378 still sees suppression and shock finishing
Judging from the current market trend, short-term resistance at the top is focused on yesterday's hourly opening near 2345-47, and strong support at 2327 and 2320 at the bottom. The short-term watershed between long and short strength will focus on 2320. Until the daily level falls below this position, the low-price long rhythm will remain unchanged.
BUY:2327near SL:2324
BUY:2320near SL:2315
SELL:2365near SL:2370
Technical analysis only provides trading direction!
World gold prices will continue to increase in the long termGold buy limit
World gold rate extended with the aid of using 15 USD/ounce, to 2,356 USD/ounce after americaA manufacturer rate index (PPI) introduced a warm growth. US April PPI extended 0.5% over the preceding month, in comparison to expectancies of a 0.3% growth. The center PPI rate (apart from meals and energy) additionally extended 0.5% in April in comparison to expectancies of handiest a 0.2% growth. However, the March PPI quantity turned into revised right all the way down to terrible 0.1% from the to start with stated 0.2% growth. An index this is of hobby to the market, introduced on May 15, is the purchaser rate index (CPI). CPI is forecast to growth 0.4%, in comparison to the March file displaying a 0.4% growth. The annual CPI in April is anticipated to growth with the aid of using 3.6% in comparison to a 3.8% growth withinside the March file.
US Federal Reserve Chairman Jerome Powell spoke in Amsterdam announcing inflation has been better for longer than the Fed anticipated and it seems it'll take the Fed longer to be assured that inflation Inflation will fall to 2% annually. He stated the Fed will preserve restrictive economic coverage till inflation falls to a stage the Fed is happy with. Powell`s remarks did now no longer come as a wonder to the market.
XAU/USD 14 May 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the same as analysis dated 13 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line.
M15 Chart:
Gold prices have strong fluctuationsGOLD ANALYSIS - May 14, 2024
⬆️Buy gold across the charge variety of 233x
⬇️Sell gold across the charge variety of 235x
Yesterday, the charge of Gold had a downward fashion as expected, symptoms and symptoms of purchasing seemed across the 233x area.
Traders can prioritize shopping for across the cutting-edge charge variety and anticipate a sturdy growth withinside the close to future. Stop as quickly as gold breaks the 233x charge variety. Gold goal may be 2350 today.
Other valuable metals additionally went up yesterday. Silver fees extended 0.3% to 28.2 USD an ounce. Platinum brought 0.6%, to 1,000 USD - the best in almost a year.
XAUUSD: 13/5 Today’s Strategy and AnalysisGold technical analysis
Daily resistance is 2361/2400, support below is 2327/2319
Four-hour resistance is 2365/2370, support below is 2340/2327
Gold operation suggestions: The current strong dividing line for bulls is at 2330. This position will also be related to the long-short conversion in the later period. For now, the long-short situation is unclear and in a state of contention. The strong resistance above is 2370/2377. Although it rose sharply last Friday, the energy is likely to have been exhausted, and it is likely to continue to fall in the short term.
Judging from the current trend of gold, we focus on the support of 2340/2327 below, the resistance of 2365-2370 on the top, and the suppression of 2377. From the chart, the market tends to fluctuate and fall.
BUY:2327near SL:2324
SELL:2365near SL:2370
Technical analysis only provides trading direction!