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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
Gold trading recommendations today The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again! After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band! Trading straregy: gold: sell@1960-1955 tp1:1950 tp2:1940 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 Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend. It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark. However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market. As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955. Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
TVC:GOLDShort
by DNA_TradingFX
13
Gold trading recommendations today Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short. The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour. Trading straregy: gold: sell@1959 tp1:1949 tp2:1944 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
Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday. However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve. The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term. However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
TVC:GOLDLong
by DNA_TradingFX
17
Gold advice for next week Gold fluctuated back and forth this week, and next week will be long and then short This week, gold has been ups and downs for a few days, and then the backhand empty rhythm is completely correct. Gold did not fall rapidly again on Friday. Gold began to have support at the 1956 line, and the shock ended. I believe that for many friends, this period of time is either on the road of chasing ups and downs, or going back and forth on a roller coaster, which is really uncomfortable. If we don’t fall in love with the past, then we should focus on the next market. How should we operate next week? The triple top structure of the golden weekly line is still there, so it is still necessary to short rallies in the big cycle, but now gold is more than 100 US dollars away from the top, so it is normal to have a wave of rebound. Trading strategy for next week: gold: sell@1967 tp1:1957 tp2:1952 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 The current price of gold in 1964 is directly empty! At present, the gold daily cycle and the one-hour cycle are bearish, and the key watershed position for long and short in the day is still the 1970 line. Gold continues to fluctuate and adjust at high levels. After the current price has dropped below 1963.5, the short-term top pattern below 1970 has been formed. It can be short-term in operation, and it is bearish to hold at 1940. Trading straregy: gold: sell@1964 tp1:1954 tp2:1944 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
1
A Profitable Gold Trading Signal There is no completely consistent market, but there are always similar fluctuations. This is the gold 1H chart. In the picture, I marked 4 M patterns. No. 3 is similar to No. 1, and No. 4 will be similar to No. 2. In order to form the No. 4 pattern, tomorrow's data needs to be beneficial to the bulls. Only in this way can gold have a chance to return to around 2000 again. If tomorrow's data is negative for gold, 1928-1886 is the target! Several important intervals at present: 1991-2003, 1981-1985, 1963-1971, 1937-1928, 1900-1996 From the shape, today's transaction is more conducive to long, resistance 1985-1991.
FOREXCOM:XAUUSDLong
by EagleEyeStrategy
GOLD: Continuation of downtrend!When the dust settles, the Fed is set to continue raising rates If the Federal Reserve meeting were held today, the current uncertainty surrounding banks would prompt them to keep rates unchanged. However, in the ever-changing world of markets, a lot can happen in just one week. If the upcoming weekend remains calm and without any need to rescue banks, there is a strong possibility of a 25 basis points rate hike. The Federal Reserve typically continues to increase rates until they reach a breaking point. Even if the only bank to suffer is SVB, high inflation levels may still require further rate hikes. This scenario would result in a stronger US Dollar, but eventually lead to a decline in the stock market once the initial relief rally following no new bank failures fades away.
TVC:GOLDLong
by Sphyn-Trader
1
Gold trading recommendations today The current price of gold is directly short in 1980, and it is short today. Anything is possible this Friday. The market is to break everyone's cognition and benefit a small number of people. The neckline was tested yesterday, the support was effective, and it rebounded strongly. Now the price of gold has once again come to a new pressure level, which is the suppression of the price of gold by the middle rail of the daily line. From the perspective of the daily cycle, there is an M-head structure here. When gold falls below the neckline, it pulls back to the neckline again, and then starts a new plunge mode, falling below the previous low, and the market is like this. Use the structure to make orders, and focus on analyzing the market on whether the mid-range of the daily line can be broken through? Instead of analyzing what structure in advance. I judge that it is the top structure now, and then use technology to judge that the middle track of the daily line can suppress the price of gold, then use the inverted pyramid method to increase positions to make a big profit. Trading straregy: gold: sell@1980 tp1:1970 tp2:1965 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
1