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Goldlongsetup

1-Hour Chart AnalysisVisit fourtrades website for more insight The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price action. Key Observations: Support: $2,430 Resistance: $2,472 Potential Scenarios: Bullish Continuation: A bounce off the lower trendline could see the price retest the $2,472 resistance level. Bearish Correction: A break below the $2,430 support could lead to further downside, potentially targeting the next support level around $2,400.
TVC:GOLDLong
by FourtradesTV
The price of gold will continue to rise after the callback. Powell said that the probability of the next interest rate cut is very high. The gold price rose accordingly. At the same time, the news from Iran. Counterattack is only a matter of time. Once again pull the market sentiment. Risk aversion continues to rise. Cause gold to rise again. The highest reached 2450. After the opening, gold maintained at the 2446 line and continued to fluctuate. Intraday trading plan: Buy on callback. Wait for the increase of risk aversion. First pay attention to whether there is effective support at 2440-2443. COMEX:GC1! OANDA:XAUUSD TVC:GOLD
TVC:GOLDLong
by Eddy_Wealth
London market. Buying gold is the main activity. London market. Go long on gold at around 2368-2371. Target is around 2383. Ultra-short-term trading looks for a trend rebound. I am EDDY. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference. If you are still confused about the trading market, you can continue to pay attention to my updates. OANDA:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
Super data week. Gold is still mainly long at low levels. Last week, I said in advance that the target for next week would be at least 2400. Investors who followed me last week should know it. Today in the Asian market, this target was achieved. Investors who followed the accurate signal trading also made good profits. From your messages, I saw the results. The London market allowed some other investors to short the gold price, which also achieved profit expectations. Currently in the New York market, the gold price stopped at 2374 after a sharp drop. My idea is based on the US dollar rate cut. Gold still has some substantial increases. At the same time, this week is a super data week. Some economic data are enough to make gold reach a certain height. So I personally still focus on long positions The current gold price is at 2376. My expected buying position is at 2370-2365. This is a good position for long gold prices, and there are some dense trading areas above. So there is resistance. Therefore, investors with large funds can buy in advance and then add buy orders at low levels. However, for accounts with small funds, I suggest that you operate prudently and start at low levels. The above are some of my thoughts today. FOREXCOM:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY COMEX:GC1! OANDA:XAUUSD
TVC:GOLDLong
by Eddy_Wealth
Continue to go long on gold. In the short term, gold prices will also touch 2393-2400. Emergency events escalate. Risk aversion sentiment rises. Going long on gold prices in the Asian market is a good option. I am Eddy. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my upd FOREXCOM:XAUUSD COMEX:GC1! OANDA:XAUUSD TVC:DXY TVC:GOLD ates.
TVC:GOLDLong
by Eddy_Wealth
XAUUSD: Are We Heading Towards $3000?After looking at monthly price momentum, in our view price can create all time high and go beyond $2500 in long term. Most of the economic data suggests the future growth on Gold. In short term right now we are targeting $2500 region at first after that we can some short term price correction. There will be multiple good entries that market will present, the first one is at the current trading price. We will update the chart as we progress. good luck ;)
OANDA:XAUUSDLong
by Setupsfx_
7
Analysis of gold price trend on MondaySpot gold fluctuated slightly lower during the Asian session on Monday, currently around 2324. Gold prices rose and fell last Friday. Although a key US inflation report was basically in line with expectations, boosting hopes that the Federal Reserve may cut interest rates before September, political uncertainty overshadowed this optimism, and US Treasury yields surged to a nearly three-week high, causing gold to fall after rising! U.S. Treasury yields reversed earlier losses on Friday as uncertainty over the U.S. presidential election and French parliamentary elections offset a confidence boost from earlier data showing slowing U.S. inflation. Meanwhile, French yields rose on Friday as the first round of the general election is scheduled for Sunday, with polls suggesting a possible victory for France's far-right party. The US Independence Day will make this an unusual week for economic data, with important releases compressed on either side of the holiday. On Monday, the market will receive the ISM manufacturing purchasing managers' index, followed by the Eurozone CPI flash reading and JOLTS job openings data on Tuesday. ECB President Christine Lagarde and Fed Chairman Jerome Powell will also speak at a central bank conference in Portugal. Gold daily and weekly lines are running in a convergent triangle, but the daily and 4-hour lines appear to be consolidating at high levels for a little longer, which will limit the momentum of bulls. Although the hourly and 4-hour charts are in the upward channel, it can still be seen that they are not strong, so be careful of the need for a retracement at the beginning of the week. The support of the 2318 line needs to be paid attention to below. A breakthrough will increase the strength of the retracement! The upper resistance is 2339, and the operation is to sell high and buy low! Asian trading strategy: Short-term gold 2318-2320 long, stop loss 2310, target 2335-2345; Short-term gold 2338-2340 short, stop loss 2349, target 2310-2320; Note: The above strategy was updated on July 1. This strategy is an Asian trading strategy. Please pay attention to the validity period of the strategy release.
OANDA:XAUUSDLong
by GenevieveJulia
1
Is the expectation of gold's reduction to 22xx coming true?At the start of the buying and selling consultation on June 27 (US time), international gold expenses abruptly improved sharply after being "hurt" via way of means of a assertion from a US Federal Reserve (Fed) chief that prompted the USD to growth in value. , eliminating gold`s vast power. Specifically, Ms. Michelle Bowman, a member of the Board of Governors of the Fed, stated that the Fed maintaining hobby charges unchanged for an extended time period can be sufficient to govern inflation, and the Fed may even growth hobby charges if inflation increases. emission keeps to growth. FXTM senior studies analyst Lukman Otunuga affirmed that Michelle Bowman's assertion has prompted gold to be "hurt" as soon as again. From every other perspective, traders are presently listening to americaA May inflation file posted later this month. They assume that when the file, the course of gold can be clearer. Gold charge forecast Mr. Lukman Otunuga stated that gold expenses can also additionally vary strongly withinside the last classes of this week. In the quick term, the guide stage for this valuable metallic is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce. Although gold is suffering to keep the $2,three hundred/ounce mark, latest studies outcomes from State Street and the World Gold Council are expecting that the valuable metallic is attracting cash managers and hedge funds. State Street professional Milling-Stanley has raised his gold charge forecast for the second one 1/2 of of the year. It is predicted that gold charge will variety from 2,two hundred to 2,three hundred USD/ounce.
TVC:GOLDShort
by Chart_MasterPro
Gold rebounded after oversold After the news was released on Friday, gold fell sharply. In addition, a large number of buy orders were traded in the market. The lowest gold price reached 2318, and the Asian market rebounded. The operation is still mainly buying at low levels. See if the position of 2332 stabilizes above. If it stabilizes, you can continue to buy. OANDA:XAUUSD COMEX_MINI:MGC1! MCX:GOLD1! COMEX:GC1! NYMEX:CL1! NYMEX:WTI1! MCX:CRUDEOIL1! NYMEX:MCL1! TVC:DXY BYBIT:BTCUSDT.P INDEX:BTCUSD
TVC:GOLDLong
by NelsonPenn
Gold price today (June 24): "Hold your breath" waiting for the sWorld gold charge today World gold costs have a tendency to boom with spot gold growing via way of means of 3.2 USD in comparison to final week`s ultimate degree to 2,323.2 USD/ounce. After a unstable week, the sector gold marketplace is predicted to stabilize this week with few essential statistics launched withinside the center of the week. The maximum awaited records via way of means of the marketplace is the center private intake expenditure index document (americaA Federal Reserve's (Fed) favored inflation measure) predicted to be posted on the quit of the week. Some reviews say that this document is predicted to create fluctuations withinside the marketplace. Weaker statistics ought to boom the chance that the Fed will reduce hobby charges in 2024, and that situation might aid the yellow metal. On the contrary, inflation "hotter" than predicted will motive gold to fall deeper. Although the upward momentum has slowed, many analysts agree with that the elements which have supported gold these days have now no longer disappeared. Accordingly, worries associated with geopolitical instability remain, mainly beforehand of americaA election in November. Additionally, the USD's role as the sector's reserve forex is still challenged. focus and the danger of worldwide inflation remains. According to the World Gold Council's latest annual Central Bank Gold Reserves Survey, the ones are the pinnacle motives why each retail traders and important banks flip to gold.
TVC:GOLDShort
by Chart_MasterPro
GOLD - The flag pattern appears clearlyBUY GOLD 2312-2313 GOLD in the current European session has also reached its very low zone. Previously, GOLD had formed a weak support zone at this price level. Although it was weak support, in the European session it was clearly quite strong. There is little reason to confirm that gold will break this zone, so you should place full TP/SL, don't abuse leverage, only risk about 1-2% of your total capital. Please. -- Last Sunday, Minneapolis Fed President Neel Kashkari stated that it's far affordable to are expecting that americaA Central Bank will handiest reduce hobby quotes as soon as this year. This announcement had a good sized effect on marketplace psychology. This week, US retail income information, weekly jobless claims and shopping managers` indexes are anticipated to offer similarly clues approximately the course of the Fed's hobby quotes. Although gold expenses have decreased, professionals nonetheless trust that gold is in a good environment. Data launched remaining week confirmed that hard work marketplace and fee pressures are displaying symptoms and symptoms of cooling. Capital monetary marketplace analyst Kyle Rodda stated that information displaying symptoms and symptoms of weak spot withinside the US financial system may want to weaken the USD and growth expectancies of destiny hobby charge cuts. . Precious metals continue to be supported via way of means of hopes that subsequently the Fed will need to pivot its policy. In addition, political instability in France additionally multiplied danger aversion globally, supporting to enhance safe haven call for for the treasured metal.
TVC:GOLDLong
by Chart_MasterPro
Gold prices rebounded due to unfavorable news for the dollarGold rate remaining week began out the primary buying and selling consultation at 2,293.70 USD/ounce. During Sunday night buying and selling, spot gold surpassed $2,three hundred an oz. approximately hours earlier than North American markets opened and that degree held in the course of the relaxation of the week. After that, gold costs reduced slightly, to approximately 15 USD/ounce because the marketplace waited for americaA purchaser inflation file and the FOMC`s hobby fee announcement, up to date monetary forecasts and the clicking convention of FED Chairman - Mr. Jerome Powell on Wednesday. The US CPI file brought on the marketplace to interrupt out of sideways buying and selling, pushing spot gold from $2,313/ounce to a excessive of $2,336.72/ounce. By the time the FED introduced that they might preserve hobby charges unchanged, costs had lower back to $2,326/ounce and see gold endured to be offered off because the marketplace absorbed the FED Chairman's "hawkish" stance. By Thursday, spot gold had over again slipped to help levels. However, the treasured steel has considering that visible a strong healing. By Friday morning, gold costs over again increased, remaining the buying and selling week at 2,332 USD/ounce. After a protracted slide, global gold costs recorded a sturdy healing week. This is inflicting many specialists to make pretty superb forecasts approximately the short-time period possibilities of treasured metals. James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold costs to upward thrust subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for longer-time period help. Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management - said: "I am positive approximately gold subsequent week. It looks like gold is prepared for a technical healing." In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are notably extra positive approximately the short-time period possibilities of treasured metals. eight specialists (accounting for 62%) assume gold costs to upward thrust better subsequent week. Only analysts (or 15%) are expecting costs will decline. The closing 3 people (equal to 23%) assume gold to alternate sideways subsequent week. Meanwhile, 216 votes had been solid in Kitco's on line poll. Of these, 117 traders (equal to 54%) are expecting gold costs will growth subsequent week. Another forty nine people (equal to 23%) are expecting treasured metals will lower in rate. While 50 people (equal to the closing 23%) forecast that gold costs may be flat subsequent week.
TVC:GOLD
by Chart_MasterPro
Gold shows a strong upward trend during the weekLast night, whoever accompanied me additionally shared very honestly approximately Gold`s Plan. With the cutting-edge Rhythm, Gold is absolutely at the promoting side. Like I stated remaining night. If this morning Gold will increase strongly thru the length 2335>2336, it's far possibly that Gold will growth 234x. And if Gold can not byskip the 3x stage, I will promote in keeping with Ma89 in Frame H4 and the Ma D1 Trend Plan is reporting a decrease. >Sell Gold order from fee 33 remaining week of Smooth nonetheless holds. Today, all buyers can discuss with this Plan to change. > Canh Sell Gold 2326>2329 SL 2332 TP2320>2214 Buy Gold Below the vintage accumulation area 2306>2309 SL 2303 TP 2316>232x This is my advice from my perspective, and buyers can observe the fashion to change more 👌👌
TVC:GOLDLong
by TheLeader_WOLF
Gold price "like never before changed" after CPIWorld gold fee at the night time of June 12 is set 12.eight% higher (265 USD/ounce) in comparison to the give up of 2023. World gold fee transformed via way of means of financial institution USD fee is at 72.1 million VND/tael, along with taxes and fees, approximately four.eight million VND/tael decrease than the home gold fee as of overdue afternoon on June 12. World gold charges soared because the USD plummeted after the United States introduced anticipated monetary information. The USD opened the buying and selling consultation on June 12 at the US New York marketplace (at the night time of June 12, Vietnam time) losing very sharply. The DXY index (which measures the dollar`s fluctuations in opposition to six foremost currencies) at the start of the consultation fell to 104.four points, from the preceding degree of above one zero five points. The USD dropped after the United States introduced that the patron fee index (CPI) in May cooled quicker than economists predicted. Accordingly, the United States CPI index remained unchanged after growing via way of means of 0.3% withinside the preceding April. Economists had formerly forecast an boom of 0.1%. The falling dollar reasons gold charges to boom sharply. Compared to the identical period, CPI accelerated via way of means of 3.3%. This continues to be excessive in comparison to the 2% goal of the United States Federal Reserve (Fed). However, it makes buyers much less concerned approximately the opportunity of fee inflation escalating again. The 3.3% degree is likewise a lot decrease than 6.5% on the give up of 2022 and 9.1% in June 2022. In May, US center inflation (except meals and strength charges) accelerated via way of means of 0.2%, decrease than the forecast of 0.3%. Gold fee forecast On Kitco, Michael Brown, an professional from forex brokerage Pepperstone, stated the contemporary inflation information may want to alternate psychology on the Fed in advance of the agency's financial coverage decision. Adam Button, head of foreign money approach at Forexlive, stated that once the inflation information, alerts from the marketplace confirmed that the Fed could have hobby fee cuts this year, with an 80% chance. The first cuts will take region in September. This additionally approach that because the USD depreciates, gold will benefit.
TVC:GOLD
by Chart_MasterPro
GOLD 4D TF BearishGold Market Outlook Fundamental aspects - Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies. - Tomorrow we have CPI data. If the upcoming Consumer Price Index (CPI) report shows higher-than-expected inflation, the likelihood of the Fed delaying rate cuts could push gold prices below this level 2,277. Additionally, if the Fed’s dot plot indicates minimal or no rate cuts this year, gold could face further downward pressure. - Considering the current strength of the U.S. dollar, the approaching CPI report, and the expected Fed stance on interest rates, the short-term outlook for gold remains bearish. If inflation data and Fed projections support a delay in rate cuts, gold prices are likely to break below the key support level of $2,277.34. Traders should stay vigilant and monitor these developments closely as they impact the gold market. - The Federal Reserve’s June meeting with a policy decision expected on Wednesday. The Fed is widely expected to keep interest rates unchanged. However, economic projections are anticipated to show fewer rate cuts than previously expected due to persistent inflation. High interest rates reduce the attractiveness of non-yielding assets like gold, as investors prefer bonds and other yielding investments. Technical View The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If this creates enough downside momentum, then look for the selling to possibly extend into the last swing bottom at $2,277.34. This could trigger an acceleration to the downside with the next target bottom at $2,146.15.
FX:XAUUSDShort
by GOLDFXCC
World gold price todayWorld gold charge today World gold fees inched up barely with spot gold growing through 5.eight USD to 2,310.2 USD/ounce. Gold futures ultimate traded at 2,327.nine USD/ounce, up 2.nine USD in comparison to the day past morning. After struggling the most powerful sell-off in almost 4 years because of stronger-than-predicted US employment information, global gold fees remained strong at the start of the week, even as traders awaited the financial coverage meeting. forex of americaA Federal Reserve (Fed) this week to similarly make clear the destiny coverage path of americaA Central Bank. Market strategist Phillip Streible of Blue Line Futures stated that the gold marketplace this week could be very interesting as they watch for critical occasions and information, inclusive of tendencies on the June coverage meeting, stated. of the Fed Chairman along side the purchaser charge index file. Currently, the marketplace is sort of sure that the Fed will now no longer make any modifications at this coverage meeting. However, statements from Fed Chairman Jerome Powell and modifications in financial forecasts from policymakers might also additionally effect the path of gold. Further facts awaited through the marketplace is US inflation information, predicted to be posted on Wednesday. Senior Asia-Pacific marketplace analyst Kelvin Wong of OANDA stated that if the dot chart or americaA Central Bank`s hobby charge forecast suggests the opportunity of delaying hobby charge cuts, , the gold marketplace might also additionally witness every other robust sell-off, pushing fees down similarly. Last week, gold bullion misplaced approximately $83/ounce (equal to 3.5%) on Friday, the largest drop in view that November 2020 after a brand new file confirmed the power of the hard work marketplace. US moves and information from the People's Bank of China display that the global's pinnacle purchaser stopped shopping for gold in May after 18 consecutive months of additions. The jobs file has induced investors to another time extrade their expectancies approximately the timing and quantity of the Fed's hobby charge cuts. Accordingly, the opportunity of loosening financial coverage in September has reduced from 70% on the give up of Thursday to approximately 50%. Meanwhile, reviews from China have expanded issues that call for for this treasured metallic might also additionally decline withinside the close to destiny.
TVC:GOLDShort
by Chart_MasterPro