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!
Goldminers
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.
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!
XAUUSD: 9/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2320-26, support below is 2300-2293
Four-hour resistance 2320-26, support below 2300-2280
Gold operation suggestions:
Judging from the current trend of gold, the upper resistance today focuses on the opening of yesterday's decline near 2320-2325. The intraday counterattack relies on this position to continue to be bearish. The lower support focuses on the 2300 integer mark. Continue to sell high and buy low. To go long, you can only wait for key positions to enter the market, and fast in and fast out are suitable for scalping.
SELL:2300 near SL:2305
BUY:2305 near SL:2300
Technical analysis only provides trading direction!
Gold is likely to return to the 24xx area this weekLast week, the yellow steel published modest profits as expectancies that the United States Federal Reserve (Fed) might loosen coverage this 12 months improved following vulnerable monetary data. Experts say that subsequent week is an vital time to determine whether or not gold will attain a brand new document or now no longer while the marketplace gets the April patron rate index and manufacturer rate index reports. Recently, The Fed emphasised that America`s inflation strugglefare isn't powerful while inflation remains a lot better than the goal degree of 2%. In addition to the patron rate index and manufacturer rate index, this week the marketplace will anticipate the United States retail income report, the wide variety of weekly unemployment gain applications, and the assertion of Fed Chairman Powell in Amsterdam.
According to Larry McDonald, founding father of the Bear Traps Report, the United States is in a chronic inflation strugglefare, in which all asset training will see "sizeable" revaluations and as Therefore, capital flows withinside the marketplace will steadily shift to difficult assets. “This is the time while the Fed takes action, which creates a bullish situation for difficult assets,” he said.
McDonald believes that a few metals have sizeable rate will increase and predicts gold charges will attain $3,000-3,500/ounce withinside the subsequent 12-18 months.
Gold prices receive a lot of economic and geopolitical pushscalp gold sell 235x
tp 233x
sl 236x
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According to Mr. Joaquin Monfort, FXStreet expert, gold fees accelerated this consultation after some of important important banks determined to reduce hobby quotes, which include the Swedish Central Bank (Riksbank), or signaled the opportunity of a reduce. withinside the future, which include the European Central Bank (ECB). Lower hobby quotes lessen the "possibility cost" of maintaining gold, a non-hobby-bearing asset, for this reason making gold greater attractive.
Mr. Monfort stated the treasured steel is likewise seeing the go back of cash searching for secure havens amid the "impasse in ceasefire negotiations among Israel and Hamas."
A very good time to buy gold right nowOn the worldwide marketplace, today`s gold rate reached 2,313 USD/ounce. Domestic gold is in a downward fashion as it "evaporates" five USD.
Converted in step with the change price with the exception of taxes and fees, every quantity of home gold bars is 15.five-16.five million VND better than the worldwide rate even as gold earrings are 4-4.five million VND better, relying at the time.
World gold reduced barely withinside the context that traders are focusing extra on the chance of hobby price cuts from americaA Federal Reserve (Fed). According to CME's FedWatch tool, marketplace investors trust there's approximately a 66% risk the Fed will reduce hobby prices in September.
Gold costs are compelled with the aid of using the outlook for hobby prices, however StoneX analyst Rhona O'Connell stated there are tailwinds for gold, specially associated with geopolitical dangers and capability tensions. Hidden withinside the banking device continues to be sturdy sufficient to aid this valuable metal.
Previously, in mid-April, global gold costs hit a document excessive of 2,431.29 USD/ounce whilst boosted with the aid of using sturdy call for from Chinese valuable banks and retail traders amid geopolitical tensions are increasing.
XAUUSD:7/5 Today’s Market Analysis and StrategyThe 4-hour moving average of gold began to turn upward, forming a double bottom structure, and gradually stabilized. Gold did not fall further, and it dropped to the 2315 line and stabilized and rose again. The Asian market continued to go long on dips above 2315.
Asian market analysis
1H resistance is 2331, support below is 2315
4H resistance is 2331-2345, support below is 2393
Daily resistance is 2331-2345, support below is 2393/2383
Asian market strategy:
BUY:2313~2317 SL:2309
SELL:2345~2348 SL:2355
Asian market strategy NY time is invalid
NY Time Strategy Pre-Opening Update
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
-----
At round 6 a.m. on May 8, nowadays`s gold rate became buying and selling at 2,315 USD/ounce, down 10 USD as compared to the best rate in remaining night's buying and selling consultation of 2,325 USD/ounce.
World gold expenses went down whilst a few US Federal Reserve (FED) officers stated that inflation withinside the US remained excessive and hobby costs ought to stay the equal for an extended duration of time.
Responding to this information, the USD-Index extended 0.26% to 105.forty two points. Accordingly, the USD extended in cost as compared to many different overseas currencies. Gold rate nowadays is in a disadvantageous position.
Meanwhile, analysts say that US bond hobby costs closing at excessive ranges have come to be appealing to investors. Since then, many humans have confined capital into the gold market. Today's international gold rate is compelled to weaken.
Gold price quickly returned to the 2333x areaIn a latest interview with Kitco, strategist George Milling-Stanley stated that, despite the fact that gold is in a consolidation phase, the valuable metallic will probable quit the 12 months at a high. Although the Fed`s economic coverage has created a few short-time period promoting pressure, Milling-Stanley expects hobby costs and bond yields to stay secondary elements using valuable metals charge action. Meanwhile, more potent assisting elements for gold are significant financial institution call for and ongoing geopolitical instability.
Looking on the technical chart, marketplace analyst Christopher Lewis of FX Empire additionally stated that the uptrend of gold continues to be there. Gold's present day barrier is 2,360 USD/ounce. If this threshold is broken, this valuable metallic will fast attain 2,four hundred USD/ounce.
XAUUSD: 6/5 Today’s Analysis and StrategyDuring the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased.
Although the employment data reinforced expectations that the Federal Reserve will start cutting interest rates this year, which should support non-yielding gold, it has instead prompted investors to move to riskier assets. Driven by the outbreak of tensions in the Middle East and strong central bank buying, gold prices hit a record high of $2,431 in April. Since then, the safe-haven gold has fallen 5.7%, or about $140.
Investors will pay close attention to speeches from Federal Reserve officials this week, as well as the preliminary University of Michigan consumer confidence index for May to be released on Friday. In addition to speeches by Fed officials and U.S. economic data, investors will continue to pay close attention to developments in the Middle East. If tensions escalate, the resulting safe-haven buying will provide support for gold prices.
Gold Friday's NFP reached the expected value and was significantly bullish. The volatility adjustment range was large, and roller coaster market trends occurred frequently. The daily line closes the negative cross line with a long lower shadow, the price maintains running below the MA10 daily moving average of 2314, the Bollinger Bands middle track is adjusted below, and the RSI indicator is adjusted on the central axis. The short-period four-hour moving average has not increased in volume or opened, the Bollinger Bands have shrunk, and the price has adjusted below the mid-track. The technical side of gold fluctuates and bears a bearish trend, the adjustment range gradually widens, and the long-short wide trend shows high-frequency conversions. The trading range adjustment is large!
Asian market analysis
1H resistance is 2320, support below is 2293
4H resistance is 2326, support below is 2293
Daily resistance is 2326, support below is 2283/2267
Asian market strategy:
BUY:2280~2283 SL:2272
SELL:2317~2320 SL:2325
Asian market strategy NY time is invalid
NY Time Strategy Pre-Opening Update
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.
XAUUSD: 2/5 Prioritize long positions at low prices todayIn the Asian market on Thursday, gold fluctuated within a narrow range and is currently trading at 2320, holding on to most of the overnight gains. After the Federal Reserve kept interest rates unchanged for the sixth time and announced that it would slow down the pace of balance sheet reduction, the price of gold rose sharply above the 2300 milestone and once reached a daily high of 2328. In addition, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on interest rate cuts for the remainder of this year. Affected by this, the U.S. dollar index fell sharply and gold soared nearly $33.
In terms of data, U.S. private employment (ADP) increased more than expected in April, suggesting that the labor market maintains momentum at the beginning of the second quarter. However, job vacancies in the United States fell to the lowest level in three years in March, and the number of resignations fell. These signs indicate that labor market conditions have loosened. The U.S. ISM manufacturing PMI fell back in April, which also provided support for gold.
In addition, the ongoing war in the Middle East has also provided support for gold prices. The Israel Defense Forces stated on May 1 that Israel dispatched fighter jets to conduct air strikes on multiple military targets of the Palestinian Islamic Resistance Movement (Hamas) and the Palestinian Islamic Jihad (Jihad) in the Gaza Strip, including weapons depots, military buildings, and rockets. bomb and mortar launching points, etc.
This trading day will release changes in the number of initial jobless claims in the U.S., the U.S. trade balance in March, the number of layoffs by challenger companies in the U.S. in April, and the monthly rate of U.S. factory orders in March. Investors need to focus on this. In addition, pay attention to the announcements from Federal Reserve officials. speech.
Technical
Gold's daily sun ended strongly. Under the influence of data, gold bulls formed a second surge in volume yesterday. The current daily chart is close to the MA10 daily moving average of 2328, and the closing price in New York stands above the MA5 daily moving average of 2320. The daily structure is idle and multi-form! The short-period four-hour chart is back on the middle track of the Bollinger Bands, the RSI indicator is running above the central axis, and the moving average system low of 2300 forms a golden cross opening upward. The trading idea remains low and long, supplemented by high altitude.
Asian market analysis
1H resistance is 2336, support below is 2313
4H resistance is 2343, support below is 2300
Daily resistance is 2355, support below is 2289
✅Asian market strategy:
BUY:2303~2305 SL:2295
SELL:2338~2340 SL:2350
Asian market strategy NY time is invalid
XAUUSD: 1/5 Today’s Market Analysis and StrategyThe price of gold fell nearly $50 on Tuesday, reaching a new low of 2285, as the Federal Reserve decision will be ushered in on Wednesday, and the market expects that the wording may be hawkish. The dollar and U.S. Treasury yields rose, which significantly suppressed the price of gold; despite strong safe-haven demand and central bank buying Gold prices continued to rise for the third consecutive month.
In addition, the U.S. benchmark 10-year Treasury bond yield also rose, weakening the investment appeal of international gold. As U.S. data showed rising employment costs, indicating continued inflationary pressures, gold prices fell sharply below the 2,300 mark. The Fed needs to be patient when cutting interest rates, as Fed Chairman Jerome Powell said two weeks ago. A stronger U.S. dollar and rising U.S. Treasury yields caused gold prices to fall as markets expected the Federal Reserve to cautiously adjust interest rates.
In addition to the Fed's interest rate decision and Fed Chairman Powell's speech, this trading day will also release US ADP employment data for April and US ISM manufacturing PMI data for April, which investors need to pay close attention to.
Technically, gold is operating with a bearish structure, and the day-to-day rebound is dominated by high-altitude layout participation.
Asian market analysis
1H resistance is 2296, support below is 2278
4H resistance is 2305, support below is 2266
Daily resistance is 2313, support below is 2253
✅Asian market strategy:
BUY:2273~2275 SL:2265
SELL:2298~2300 SL:2310
Asian market strategy NY time is invalid
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XAUUSD:30/4 Real-time market analysis of gold pricesDuring the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues on the trajectory of Fed interest rates.
Higher-than-expected March consumer inflation data released earlier this month prompted traders to lower expectations for a rate cut from the Federal Reserve. The market is currently worried that the chairman of the Federal Reserve will release a hawkish signal, which puts gold at certain short-term downside risks.
The Fed's two-day policy meeting will begin on April 30. The Fed is expected to keep its target interest rate range unchanged at 5.25%-5.5% at the end of Wednesday's meeting, according to CME Group's FedWatch tool. The market is also paying close attention to U.S. non-farm payrolls data for clues about the Federal Reserve cutting interest rates. Investors also need to pay attention to news related to the geopolitical situation in the Middle East. There are few U.S. economic data on this trading day. Pay attention to the performance of the Eurozone's April CPI data and first-quarter GDP data.
Gold fluctuated in a wide range, and the closing monthly line maintained the high-altitude, low-long, short-term thinking. The daily closing line Xiaoyin continues to suppress the closing below the MA10 daily moving average. Currently, the MA10/7 daily moving average on the daily chart opens downward at 2343/2328, and the RSI indicator continues to maintain the central axis adjustment. In the four-hour chart, the Bollinger Bands continue to close, and the moving average bond price fluctuates within a narrow range within the Bollinger Bands central axis adjustment channel. Today's monthly closing line is still dominated by shock and short-term thinking during the day. In the range, we will continue to focus on 2320/2350 first.
Asian market analysis
1H resistance is 2343, support below is 2320
4H resistance is 2352, support below is 2312
Daily resistance is 2358, support below is 2296
✅Asian market strategy:
BUY:2315-2320
SELL:2345-2350
Technical analysis only provides trading direction!
GOLD XAUUSD Bearish Robbery Plan to steal everythingDear Gold Robbers,
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29/4 Asian market choppy moves, analysis and signalsIn the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more than 2% on a weekly basis, the largest since December. fell.
The market expects the Federal Reserve to keep its policy interest rate unchanged at 5.25%-5.5%. The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The ensuing reaction could trigger a sharp drop in U.S. Treasury yields and boost international gold.
This week’s focus will be on the Federal Reserve’s decision on Wednesday, and gold and other markets may continue to follow the changes in expectations of the Federal Reserve’s interest rate cut in the long-short game. There will also be a U.S. non-farm payrolls report on Friday, which will be another major factor that triggers market turmoil after the Federal Reserve decision.
The structure of the gold daily chart keeps running below the MA10 daily moving average, and the moving average still maintains its opening downward. The RSI indicator adjusts above the central axis. Since the retracement of this round of adjustment to the middle track of 2291.8 Bollinger Bands, the price has risen at a low point, and the Bollinger Bands have moved to the current level. 2307 first line. In terms of the moving average, the four-hour chart opens slightly upward, the hourly chart is glued together, and the RSI indicator maintains its central axis adjustment in sync with the daily line. The market focus this week is on the non-agricultural data on Wednesday and Friday, when the market will experience greater impact and volatility. Trading at the beginning of the week was volatile and short-term thinking was the main focus.
Asian market analysis
1H resistance is 2333, support below is 2320
4H resistance is 2341, support below is 2305
Daily resistance is 2352, support below is 2296
BUY:2318-2320,SL2310
SELL:2340-2343,SL2352
Technical analysis only provides trading direction!
XAUUSD: 26/4 Will gold continue its rally?Gold technical analysis
Daily resistance is 2361, support below is 2320
Four-hour resistance is 2361-69, square support is 2334-25
Gold operation suggestions:
Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area. During the day, we will rely on this range to maintain high altitudes and low longs. The short-term long-short strength dividing line is 2319. Before the daily level breaks through and stands firm at this position, gold will continue to maintain long-short oscillations.
BUY:2334 near. SL2330 near
BUY:2320 near. SL2317 near
SELL:2361 near. SL2365 near
SELL:2369 near. SL2372 near
Technical analysis only provides trading direction!
XAUUSD: 26/4 Will Gold Continue to Fall?In early trading in Asia on Friday (April 26), gold fluctuated within a narrow range around the 2330 key point. The United States announced an unexpected slowdown in economic growth in the first quarter and higher-than-expected inflation. The US dollar was hit, and gold rose by more than $16. The United States After the GDP data was released, the price of gold soared to 2344. In addition, the geopolitical situation is also conducive to the rebound of gold prices. Israeli media reported that Israeli Prime Minister Benjamin Netanyahu approved a plan to launch a ground operation in the southern city of Rafah in the Gaza Strip.
For gold, the price gains come after falling almost 3% over the past week as traders lowered their assessment of expanding tensions in the Middle East. Weak GDP data could also lead to a reassessment of the Fed's stance on keeping interest rates higher for the longer term. The GDP data also dampened hopes for a soft landing for the U.S. economy. A soft landing is a scenario in which the Fed is able to achieve price stability while avoiding a recession. Meanwhile, a strong personal consumption expenditures price index (PCE) rose 3.4%, which may mean a further delay in interest rate cuts.
Currently, as tensions in the Middle East gradually ease, safe-haven demand for gold remains weak in the short term. Additionally, the current chart setup suggests that gold prices are on the back foot after this week’s steep decline. Looking ahead, investors will focus on core Personal Consumption Expenditures Price Index (PCE) data for March, which will guide the next move in gold prices.
technical analysis
Gold fluctuated in a wide range and continued to adjust. On the daily chart, the MA10/7 daily moving average suppresses 2342/2352 and keeps opening downward. The RSI indicator is still adjusted above the 50 value on the central axis, and the price is adjusted on the central axis of the Bollinger Bands. As for the time-sharing chart and the hourly chart technical indicators, the reference value is not great, short-term adjustment and washout, and the small cycle indicators are of little reference value. Today and Friday, gold still has no trending market or swing market, and continues to fluctuate in a wide range accompanied by long and short competition. Assuming that 2330 is used as the central axis, that is the high altitude of 15/20 US dollars above and the low long position of 15/20 US dollars below.
1H resistance is 2337, support below is 2316
4H resistance is 2348, support below is 2305
Daily resistance is 2356, support below is 2296
Asian trading strategy:
BUY:2315-2318
SELL:2340-2343
Asian market strategies are not suitable for NY time
Technical analysis only provides trading direction!