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GOLD (Bearish or Yet...)India's Gold Imports Expected to Decline as Record Prices Encourage Jewelry Swaps India's gold imports in 2024 are projected to decrease by nearly 20% from the previous year, driven by record high prices prompting retail consumers to exchange old jewelry for new items, according to the head of an industry body. As the world's second-largest consumer of gold, India's reduced imports could limit the recent rally that pushed global prices of TVC:GOLD to a record high this week. Technical Analysis of Gold: The price of gold reached 2426 and then dropped and reached its support line, as noted in our previous analysis. Currently, the price should break 2410 to be a downtrend till 2397, so a breach of 2397 means will continue the bearish trend toward 2388 and 2368, otherwise, stability above 2410 again will try to touch 2426, then should break 2429 to be uptrend. Pivot Price: 2410 Resistance Levels: 2426, 2451, 2462 Support Levels: 2397, 2388, 2377 Today's anticipated trading range is between the support level at 2388 and the resistance level at 2426.
OANDA:XAUUSD
by SroshMayi
Gold Sell Today Spot Gold remains confined to a tight intraday range on Wednesday, hovering around the $2,155 mark. The US Dollar advanced throughout the first half of the day but reversed gains with Wall Street’s opening as investors await the United States (US) Federal Reserve (Fed) monetary policy decision. The central bank is widely anticipated to keep rates on hold, with investors focusing on whether the dot pot or Summary of Economic Projections (SEP) will still suggest three rate cuts this year as it did in March.
OANDA:XAUUSD
by Forex_Master-
1
Gold 100% Buy Today Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts.
OANDA:XAUUSD
by Forex_Master-
1
XAUUSDGold price (XAU/USD) gains strong positive traction for the seventh straight day on Thursday and sticks to its intraday gains, near the record high during the early European session. Growing acceptance that the Federal Reserve (Fed) will start cutting interest rates in June keeps the US Dollar (USD) bulls on the defensive and turns out to be a key factor driving flows towards the non-yielding yellow metal. Apart from this, a generally softer tone, persistent geopolitical tensions and China's economic woes lend additional support to the safe-haven commodity.
OANDA:XAUUSD
by Senorita71
XAUUSD BUYGold price (XAU/USD) is seen oscillating in a range through the early European session on Tuesday and consolidating its recent strong gains to a three-month top, around the $2,120 area touched the previous day. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets. Hence, the focus will remain glued to Fed Chair Jerome Powell's two-day congressional testimony starting on Wednesday.
OANDA:XAUUSD
by Senorita71
XAUUSD - IDEAS AND OVER VIEWS WHAT TO DO COMING WEEKHere is quick understanding about gold Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day. As per the current situation the resistance level that is coming ahead is $1963, followed by $1972. There is a good chance to sell from $1972 for at least 8$-10$ target. If by any chance gold breaks $1972 we can then aim for 1984$. On the other side, if gold depletes, it is advisable to go for long positions from 1952$ or even 1940$, with the target to 1962$- 1972$. resistance point - 1962, 1972, 1984 support point - 1950 -1940 - 1920 What do you guys think ?
FXOPEN:XAUUSD
by Subliminalroots
1
GOLD H4Hello traders, watch GOLD to break the support wait for price retest and look for a short position opportunity, if price hold the support and didn't break watch price to break the 50 moving average and look for a long position opportunity. This is my analysis and view about GOLD. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck and good trading.
OANDA:XAUUSD
by TheLoserMan
1
GOLD-NEUTRAL to BUYWe can see we are breaking below support line, and in fact a double bottom. I have one hesitation, 4-hiurly chart is becoming oversold, and also we are in DARK MOON phase, suggesting low should be limited. I am not ignoring the selling pressure and breaking through support levels. I would rather seek buying level near $ 1,648 for now, or when we re-establish 1,692 it may then be a buy signal for 1,790 > 1,878. For now be in neutral mode and pick levels that will give more comfort.
TVC:GOLD
by peterbokma
GOLD-NEUTRAL with down side biasThe issue is, we broker previous high at $ 1,877 on daily chart. The weekly chart is showing much higher potential. The stochastic daily chart starts looking negative. I tried short, and the stop-loss was fine. I feel we will need to re-sell somewhere, but I prefer waiting higher levels before I try again. Medium term players buy gold on dips as we are above good cloud support for awhile. Initially I think we sell $ 1,925-1,950 range. I will come back to this one coming days again.
TVC:GOLD
by peterbokma
XAUUSD analysis for the week aheadThis is beautiful people. As we have broken out, very strongly, of a Descending channel and have already retested the diagonal support of the channel. We could battle in this range its forming for a while due to the fact its battled in this range previously. However, If it breaks above AND HOLDS, I will swing to the next resistance. If it break below AND HOLDS I will swing to the next support. I am reposting a rough chart I posted earlier because it was blocked for the reason of breaking the rules of this website. I put a link to my discord, which is not allowed. So here is a picture of the orignal analysis. This one I just reposted is cleaner anyway. Lol DONT MAKE A TRADE JUST BECAUSE A STRANGER ON THE INTERNET HAS A COMPELLING ANALYSIS> Make sure you do your own analysis The picture below is my original analysis. :)
OANDA:XAUUSD
by Wickalodeon-GhostProductions
GOLD sparkless ✴️ Gold remains under the left foot, with sellers taking control since the opening of the Asian session. Yesterday's pullback towards the Fib level 5.0 registered the end of the correction. However, the bearish tone aiming at the 1,790 support level may be hindered, as investors expect a Dovish remark from the Federal Reserve governor Mr. Bowman later today. A scenario that could keep the yellow metal hovering over the 1,800 handle zone. *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
FX_IDC:XAUUSDShort
by OGFXTRADER