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Goldlongsetup

Gold price moves sideways before the falling thresholdWorld gold fees inched up barely once more in today`s buying and selling session. Macquarie commodity strategists stated in a file that at the same time as expectancies for hobby price cuts have lately dwindled amid consistently excessive inflation, gold fees retain to expose power because of diverse underlying effective factors. The studies corporation determined that gold fees have hit new highs, pushed with the aid of using drivers aside from US hobby prices and the dollar. The yellow metallic has benefited from a broader threat-on sentiment in metals markets. Gold fees have outperformed throughout diverse asset training and on the macroeconomic level. It implicitly trades on its recognition as a secure asset with out a counterparty threat, instead of the possibility prices related to maintaining a zero-yielding asset. Furthermore, gold fees were supported with the aid of using threat assets. Macquarie highlighted that crucial financial institution gold purchases are nonetheless monitoring above pronounced levels, suggesting institutional hobby withinside the valuable metallic stays sustained. The gold derivatives marketplace is right here to stay, in particular while measured in notional quantities in US greenbacks instead of in lots. However, the marketplace role is stated to have end up much less worrying after current rate adjustments. Trading volumes at the Shanghai Futures Exchange (SHFE) have stabilized after a giant boom in April, however spreads in China stay excessive, suggesting persevered hobby and pastime withinside the gold marketplace from Chinese traders. Gold fees' resilience, notwithstanding a more potent Dollar supported with the aid of using variations in relative US financial policy, indicates buyers are searching past the United States hobby price marketplace in relation to to gold.
TVC:GOLDShort
by Chart_MasterPro
Gold continues to sell accurately. The target is 2300 or lower Gold continues to create new lows this week. At present, many people may think that the market will rebound sharply again. I think it is difficult. Because there is no important news to drive the gold price up sharply. And the market is still in a downtrend. The trend is a sharp rise before the technical repair. In the short term, it is expected to fall below 2,300 points. Everyone should be mentally prepared. COMEX:GC1! OANDA:XAUUSD TVC:GOLD The current price can still continue to sell. The upper pressure is at 2345-2351
TVC:GOLDShort
by AA_Jack
1
A real-time operation of gold price before closing Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347. TVC:GOLD OANDA:XAUUSD COMEX:GC1! Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347.
TVC:GOLDLong
by AA_Jack
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./. ----------------------------
TVC:GOLD
by Chart_MasterPro
Is gold price selling or buying? I think it's like this MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! TVC:GOLD Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370. Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term. At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again. In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358. Stay tuned for real-time trading signals from the top trading circles.
TVC:GOLDLong
by AA_Jack
XAUUSD:21/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2450-2500, support below is 2411-2371 Four-hour resistance 2435-2450, support below 2411 Gold operation suggestions: Judging from the current market trend, the lower support continues to focus on yesterday's NY time low near 2411, and the upper pressure focuses on the short-term near 2435, focusing on the suppression of 2435. Relying on this range to maintain a wide range of shock operation, the short-term bulls' strong dividing line still focuses on the 2400 integer mark , before the daily level falls below this position, it still maintains the long advantage and continues to sell high and buy low. BUY:2435 near SL:2430 BUY:2411 near SL:2406 BUY:2400 near SL:2397 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
1
GOLD (GCM2024, XAUUSD)... BULLISH BIAS!Bias is Bullish. Price is moving up with convincing momentum. Respecting bullish PD Arrays, disrespecting bearish ones. No signs of reversal. The intent to reach the DOL/Swing High seems clear. The expectation is for Gold to make further gains. A potential pullback to 2400 area would make sense as a zone to buy from, as buying from the top is not recommended. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
COMEX:GC1!Long
by RT_Money
1
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!
OANDA:XAUUSDLong
by ActuaryJ
1
Gold prices are about to cause a sharp correction. Be prepared t Gold prices are about to cause a sharp correction. Be prepared to sell high Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull There are several reasons: First, to put it simply, it is the rising risk aversion sentiment in the market. War sentiment in the Gaza Strip has intensified due to geopolitics. Although there is an armistice agreement. But some people disagree. People pursue self-preservation. To combat inflation, choose to buy or hold gold. as a hedging tool. That is, the market demand for gold is growing. This is the dominant factor in the holidays Second, in the case of currency devaluation. There are no more people in the market willing to hold currency. More money needs to be paid to buy goods. Emotionally unwilling to continue holding currency. Instead, he turned his attention to gold coins, which have been the currency since ancient times. Demand is rising again. Third, the market environment. Bulls continue to show an offensive trend. Combining the above three points is the subsequent impact of holiday news. Because the market is closed, it is not shown on the market. But once the market opens. These factors will be reflected on the chart through candlestick charts. So I'm not surprised. And I think now is a good time to sell gold. The technical indicator MA indicates that the market is still in a strong upward trend. 1 hour chart or 4 hour chart. The bullish trend is diverging. But there is still a correction of at least $10-20. Look at the short-term 30-minute trend. Small support exists below the market at 2245. However, the market has entered an over-rising stage, and the technical correction position is at 2220. With prices currently hovering around 2260, I think this is a good time to sell. I personally sell gold at the position of 2261, stop loss at 2270, and take profit at 2253. First, I will target the short-term pullback and take profit. It’s not like you just make a deal and it’s no longer ongoing. Instead, it is about continuing to accumulate profits. Remember to control trading risks and do not sell all positions. Control the reasonable selling quantity through the balance to conduct reasonable transactions.
TVC:GOLDShort
by AA_Jack
2
Above 2300 is bullish, below it is bearishGold technical analysis Daily resistance is 2320-26, support below is 2300-2293 Four-hour resistance 2320-26, support below 2300-2280 Gold operation advice: Gold once again had a range-bound market trend yesterday. Judging from the current trend, today gold will focus on the upper resistance at 2320-26, and the lower support at 2305-2300. This is also the dividing line between gold's long and short strength. Wait patiently for key points to enter the market. SELL:2300 near SL:2305 BUY:2305 near SL:2300
OANDA:XAUUSDLong
by ActuaryJ
How does the gold price work in the London market? Must see In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices. The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
TVC:GOLDShort
by AA_Jack
Gold Retracement to Pick Up Steam and Head SouthGold, Weekly - Indicators with Fibs Overlay: There is the risk of an extension long up here if gold can find support above 2257.36 . . . the issue is that our fibs on the intraday are bearish and we keep going down. But, if bulls find support, the upside of this extension is 2500. But, currently, we are bearish and I suspect that we will take some time to trade down into the weekly bull fibs, 2048-2194 . . . that is my preferred scenario. That would also be part of the series of longs, the first one trading in Oct 23 as a result of the late 22-early 23 spike that saw gold trade it's long in our golden 50-61.8% zone in Oct of 23 at 1800. It is usually a bad idea to buy above the Weekly Bollinger Band. Anybody who bought in the prior three weeks and held are now underwater. We have also fallen below the 5 week SMA and about to lose the embedded status of the slow stochastic with a decline next week. The 20Week SMA, Yellow Line and Midpoint of the Bollinger Band, at 2150 is a really good target. That 20Week SMA was also support that we bounced from earlier this year to get the bull move going. My bias does remain lower, though we will have occasional violent bursts higher into resistance.
OANDA:XAUUSDShort
by CeresTrader
XAUUSD: 24/4 Today’s Analysis and StrategySpot gold technical analysis Daily resistance is 2350, support below is 2320-2300 Four-hour resistance is 2334-64, square support is 2320-2300 Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of sharp rise. Gold began its two-day decline. Although yesterday's decline was completely swallowed up by the US market, it also allowed the market to see the willingness of short sellers to attack. The current key pressure and watershed above gold remains at yesterday's high point of 2335. This position will also serve as an important suppression in the short term. If gold continues to fall in the later period, the withdrawal amplitude should not exceed this position. At most, it will only form a certain false puncture effect. Judging from the current trend, the top will focus on the 2335 line for short-term suppression, and the bottom will focus on the 2320-2300 line for short-term support. In terms of operation, it will be short on the rebound. If the price does not break 2320, rely on the 20 position to go long, and keep trading with the trend. BUY:2318-2023 SEL:2330-2335 SELL:2309-2013 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
2
Don’t go short, go long gold directlyToday, due to the expansion and escalation of geopolitical conflicts, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran repeatedly downplayed the tension, and gold turned downward. It has given up all the gains, with the lowest falling to around 2372. Judging from the current situation, although gold has risen with the help of the news, it has indeed broken through the suppression of the recent high of 2395, and the pressure above has been released. When gold fell to the 2375-2370 area, its downward momentum further slowed down. In the short term, the 2375-2370 area still has certain support. And the risk aversion in the market is still there, so I think gold is still primed to rise. Therefore, in terms of trading, I will first consider using 2375-2370 as the support area to go long gold. After gold rebounds, I will backhand short gold. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDLong
by Trader_Manuel
The opportunity to go long gold is here againDear friends, gold’s short-term rebound has reached a maximum of around 2394, approaching the 2400 mark again. Then gold seemed to feel a little exhausted, so it failed again and chose to fall back. Gold is currently trading around 2381, so does gold still have room to conquer 2400 or even higher? Although gold has stopped below the 2400 level many times in the short term, gold has shown great resilience during the decline. And as gold continues to step back to test support, the lows below are gradually moving upwards, continuously consolidating and building up the support strength below. With continuous testing, short-term support has now moved up to the 2380-2375 area. Therefore, I feel that the short-term pullback of gold happens to be a relatively healthy trend, laying a solid foundation for sprinting to the 2400 position, and it is even possible to hit a higher position. Therefore, in terms of trading, I still believe that the short-term pullback of gold will be a good opportunity to go long on gold. I still maintain the main trading rhythm of going long on dips. In the short term, I will mainly focus on the support of the 2380-2375 area below. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDLong
by Trader_Manuel
2