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Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target. Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%. BUY GOLD zone 1948 - 1952 Stop Loss : 1942 Take Profit 1: 1955 Take Profit 2: 1960 Take Profit 3: 1965 Note: Installing TP SL fully wins the market and is safe in trading
TVC:GOLDLong
by DNA_TradingFX
XAUUSD: 18/7 Gold Trading StrategyGold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit. Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money. ​Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy: SELL: 1965~1968 TP1: 1958 TP2: 1955 BUY: 1950~1945 TP1: 1955 TP2: 1960
OANDA:XAUUSDShort
by ActuaryJ
4
XAUUSD:Chasing high has no advantage Yesterday, I analyzed that gold will fluctuate and rise, gold buy1972 tp1980-1985, and finally reached the target point of our attention near 1984. This position is an important suppression level in the early stage. With strong pressure, today's hourly line closes below this position, which will bring a certain callback. Since looking at the bottom in 1920, it has been bullish until around 1984. The overall rise has eaten up most of it. I will not be blindly bullish in the future. I will wait patiently for the daily level to fluctuate at a high level before making further plans. Many people will definitely say that this is the time It's not easy. It's bullish with the trend. It's true that the trend is so, but under the strong weekly line of 4 consecutive positives, there is no advantage in chasing higher. gold sell 1984-1989 tp 1980-1975 Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up . Continually updated
TVC:GOLDShort
by Dylan-Jones
Gold 7/19- FED, USD and Gold - Trader's battleAll eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates. While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes. BUY GOLD zone 1962 - 1965 Stop Loss : 1957 My taget is: 1970$ - 1985$ Note: Installing TP SL fully wins the market and is safe in trading
TVC:GOLDShort
by DNA_TradingFX
6
Inflation cools down, Fed may raise interest rates for the last In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target. As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023. However, they think the probability of the Fed raising one more time is quite low, about 25%, down from more than 33% before. BUY GOLD zone 1943-1940 Stop Loss : 1935 Take Profit 1: 1945 Take Profit 2: 1950 Take Profit 3: 1960 Note: Installing TP SL fully wins the market and is safe in trading
TVC:GOLDShort
by DNA_TradingFX
6
GOLD: US PPI eyedThe US Dollar Index (DXY) has remained steady at around 100.50 after a five-day decline. The United States Consumer Price Index (CPI) has softened, reducing concerns about a potential recession. The US Producer Price Index (PPI) data will be closely monitored on Thursday. Regarding interest rate guidance, Commerzbank economists noted that inflationary pressures in the US are decreasing. In June, consumer prices increased by only 0.2% from the previous month. The core rate, which is a significant measure of the underlying trend and excludes energy and food, also increased by only 0.2%. This is the smallest increase since February 2021. Although the Fed is expected to raise interest rates at the end of the month, the data supports the idea that this will be the final hike.
TVC:GOLDLong
by Sphyn-Trader
9
GOLD - Head and shoulders pattern is formedThe yellow metal retains support at $1,900 an ounce as a significantly weaker-than-expected nonfarm payrolls report dented the dollar and boosted hopes that the Federal Reserve near the end of the rate hike cycle. However, Fed officials said the bank still needs to raise interest rates in the near term to combat overheating. Markets are broadly pricing in a Fed increase of at least 25 basis points by the end of July. SELL XAUUSD zone 1936 - 1938 - Stoploss 1945 (scalp) SELL XAUUSD zone 1948 - 1950 - Stoploss 1957 Note: Installing TP SL fully wins the market and is safe in trading Notice when Gold Break Out from the price range 1930$ - 1932$ and close above this price range. This easily helps Gold reach its target of 1940$ - 1945$ - 1950$ in the short term. When trading the breakout method, pay attention to place the stop loss at the nearest resistance area of $1924 Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy.
TVC:GOLDLong
by DNA_TradingFX
3
Today's GOLD - Range is narrowingGold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks. This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845. On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level. Set up: BUY GOLD zone: $1919 - $1917 - SL 1910 SELL GOLD zone: $1930 - $1933 - SL 1938
TVC:GOLDShort
by DNA_TradingFX
2
Bollinger Band Mid-Range Ease and Gold's Suppressed PriceAs seasoned traders, we understand the importance of utilizing various technical indicators to make informed decisions. One such tool that has gained popularity among traders is the Bollinger Bands. These bands, developed by John Bollinger, provide valuable insights into market volatility and potential price movements. In recent observations, we have noticed an interesting correlation between the mid-range of the Bollinger Bands and the 50-day Exponential Moving Average (EMA) when applied to gold price charts. The mid-range, often referred to as the moving average line, can offer valuable clues about potential price movements. Our analysis suggests that when the mid-range of the Bollinger Bands eases towards the 50-day EMA, it often signals a potential reversal or change in trend. This convergence of indicators indicates a market shift, allowing traders to anticipate potential opportunities. Additionally, you can further enhance your trading strategies by incorporating the lower target of the 50% Fibonacci retracement level into your analysis. Traders widely use Fibonacci retracement levels to identify potential support or resistance levels based on the golden ratio, a mathematical concept that often manifests in natural phenomena. You can understand potential price movements in the gold market by combining the Bollinger Bands' mid-range ease with the lower target of the 50% Fibonacci retracement level. This powerful combination can help you make more informed decisions and seize profitable opportunities. Now, here comes the call to action. As gold traders, it is crucial to stay vigilant and aware of any potential market manipulation or suppression that may impact gold prices. The suppressed price of gold, driven by various factors, can significantly influence trading decisions and opportunities. I encourage you to delve deeper into gold price suppression, educate yourself on the underlying factors, and closely monitor any significant developments. By staying informed and proactive, you can position yourself advantageously and confidently navigate the market. Remember, knowledge is power, and as gold traders, it is our responsibility to constantly educate ourselves and adapt to the ever-changing dynamics of the market. Please do not hesitate to comment if you have any further questions or require additional information.
OANDA:XAUUSD
by bryandowningqln
Gold trading recommendations today Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short. Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average and then directly turns downwards, and directly falls below the support of the short-term moving average! The current K-line remains below the moving average, and the short position is in a downward trend! Rebounds are short opportunities! The current pressure is the reverse pressure position of yesterday's consolidation, and it is also the short-term moving average 1918 position! Relying on this pressure position within the day, the position is dry and bearish! After the big non-agricultural data, it is expected to further break the new low and continue to fall! Trading straregy: gold: sell@1918 tp1:1900 tp2:1890 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
Gold trading recommendations today Gold's current rebound is in place, and it will continue to fall in the future. 1930 will be directly short, bearish! It can be seen from the gold 4-hour level that after this rebound hit the suppression of the long-term moving average, it encountered resistance and called back! Before the pressure of 1935 broke through, the short trend of gold remained unchanged! The market rose again yesterday, but failed to break through a new high, indicating that this rebound has ended! The pressure of 1935 is short, and it can be directly short around 1930! The support below is the short-term moving average 1917 position. If this position falls directly below, it means that the short market continues! Take advantage of the trend and go short! Trading straregy: gold: sell@1930 tp1:1917 tp2:1910 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
2
GOLD: New developments in the market!It is interesting to note that despite the sluggish markets, the negative US data and the Gold buyers not being deterred, the hawkish Fed bets remain unchanged. On Monday, the US ISM Manufacturing PMI for June dropped to its lowest level in three years, staying below the 50.0 level for the seventh consecutive month. It recorded a figure of 46.0, which was lower than the expected 47.2 and the previous reading of 46.9. Additionally, the S&P Global Manufacturing PMI for June confirmed a figure of 46.3, the lowest in five months. On the positive side, Construction Spending improved by 0.9% MoM for May, surpassing the expected 0.5% and the previous 0.4%. Despite this, S&P500 Futures saw a decline while Wall Street managed to achieve minor gains. Looking ahead, it is uncertain how the US holiday and light calendar elsewhere will impact the market's direction.
TVC:GOLDLong
by Sphyn-Trader
GOLD - Short active ✅Hello traders! ‼️ This is my perspective on XAUUSD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for shorts from premium zone. I expect bearish price action from here as we can see that price filled perfectly the imbalance and rejected from bearish order block. Fundamental analysis: Upcoming week on Thursday and Friday we have news on USD. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDShort
by Snick3rSD
GOLD: Long-term developments!It remains to be seen whether the USD bulls can maintain their dominant position or take some profits off the table before the release of the US Core PCE Price Index - the Fed's preferred measure of inflation. Important data is due at the end of the North American session and will impact expectations for future acceleration. This, in turn, will drive demand for USD and provide a new directional impetus for Gold prices, which seem poised to end the quarter in negative territory for the first time since September 2022.
TVC:GOLDShort
by Sphyn-Trader
5
GDX heading down... It has been more than 6 months since I looked at GDX proper. Yes, I might have missed the last Gold/GDX rally, but I think that short run is about over... Looking at the weekly chart for GDX, a decisive lowest close since March 2023 is representative of a end of a bull trend, if it is not already obvious enough. The near marubozu type down candle came after a quick dip and a lower high, to get a close near the lower low... which just prevails the downward momentum. Few other notes... 1. a trendline support breakdown this coming week would accentuate the downside bias; 2. the MACD and VolDiv have crossed down and looks determined to crossunder the zero line; 3. any further breakdown bring it into the previous consolidation range. And a break in into the range suggest an extrusion on the other (lower) side of the range; 4. Noted that the USD appear to be gaining strength and the equity markets are about ripe for a retracement. Furthermore, the Gold analysis point to a further slide in Gold prices. Taken together, these 3 critical pillars for GDX are impacted, whcih gives little for the bullish case on GDX. Down it goes... heads up!
AMEX:GDXShort
by Auguraltrader
$GOLD: Potential Bullish BAMM on A High Cash Flowing Gold MinerThis gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the top performing miner stocks if the price of actual gold were to rise. As for the technicals, we have some monthly Bullish Divergence at the 100-Month Moving Average, and we are going to be looking to break above a trend line that could later bring us up to the 0.786-0.886 retraces to complete a Gartley.
NYSE:GOLDLong
by RizeSenpai
3
Gold trading recommendations today The current decline of gold continues, the rebound is not the previous consolidation pressure in 1940, and 1937 continues to be short, bearish! The 1-hour level of gold has already fallen below the previous support of the broader market, but this time the breakout is different from the previous two times. The previous two breakouts were followed by a rapid pull-up of the Dayang line and returned to the inside of the range! Although the Dayang line also pulled up yesterday, it did not return to the range, so it was a rebound after breaking the position, which belongs to the confirmation market of breaking the position! The decline has been established, and the pressure of the high point of the rebound at 1937 is the short point to continue to go short! Let's pay attention to whether 1920 has fallen below. Today, Thursday, is it black? Trading straregy: gold: sell@1937 tp1:1920 tp2:1900 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia