GOLD - Confluence for a long ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I wait price to continue the retracement and then to reject from trendline + liquidity zone.
Fundamental news: Upcoming week on Wednesday (GMT+3) we will see results of monthly and yearly CPI on USD, news with high impact on currency.
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Goldpreis
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.
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
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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 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I am a gold buyer. follow me!
Gold is bought at 2332-2336.
The short-term target is 2348-2355. If this position breaks through and stabilizes, move the target upward to 2365-2380 until above 2400.
The short-term lower support position is 2319. If it falls below. Look at the strong support of 2300.
Follow the trend. and boosted by news. Weak US dollar trend. Risk aversion is heating up, and all aspects of it are affecting it, making it the best time to buy gold. It’s good for buying gold.
For traders who don’t know how to operate, traders who continue to operate in the opposite direction, and traders whose accounts have suffered huge losses, remember to leave me a message to receive detailed trading signals.
If gold is bullish and not chasing the rise, what should we do w
The 30-minute moving average of gold has begun to turn, and the strength of the rise has begun to be insufficient. In the past two days, gold has no longer been unilaterally strong. It has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and no longer hit new highs. The rebound highs of gold have successively lowered. , if the rebound does not break a new high, we will continue to be short. Now the CPI fluctuates greatly, and the U.S. market rebounds around 2362 and continues to be short. If the bullish data directly hits a new high, then we will readjust the direction and continue to be bearish before it breaks a new high.
This is the charm of the market. Some people are always wandering in chasing the rise and killing the fall, while some people can always grasp the turning point. The market is current, and trading is also current, adapting to changes. Gold began to rebound and no longer hit new highs, its strength weakened, and the short-term began to turn bearish. The direction was wrong, and efforts were in vain. If the direction was right, you would get twice the result with half the effort. Don't make excuses for failure, just find ways to succeed. How can you see a rainbow without going through ups and downs? No one can succeed casually, they can only work harder and harder. Are you willing to walk with me, no matter the wind or rain, I am willing to hold up an umbrella for you to protect you from the wind and rain.
Operation idea:
Gold is short at 2362, stop loss is 2368, target is 2335-2330;
The road to trading is not crowded, because there are you and me, come on, strangers
GOLD - Only long positions ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a strong bullish market structure from daily timeframe perspective, so I look only for longs. My point of interest is if price makes a retracement and fills the imbalance then look for a rejection from support zone around 2200.
Fundamental news: Next week on Wednesday we have monthly and yearly CPI on USD and on Thursday monthly PPI, news with high impact on currency.
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The price of gold is about to continue its phased decline,
Gold in the Asian market rose again to the 2060 level, which is similar to my expectations. The current digestion period of the news is almost over, and intraday trading is mainly selling at high levels. 2060-2057 is a good position.
There is currently no significant news boosting the market, which is not conducive to gold's rise. In terms of trend, the gold price rise is weak, so focus on it during the day. Can the positions of 2255-2254, 22482247, and 2240-2241 be stabilized smoothly? If not, you can mainly sell at high levels.
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GOLD - Still bullish ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are still in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the 1H imbalance lower and then rejects from bullish order block around 2200.
Fundamental news: Next week on Friday we have NFP and Unemployment Rate in USA, news with high impact on USD.
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Golds not done next weeks move.What an amazing week it has been! We executed a flawless trade setup, capturing over 700 pips, driving gold to impressive highs of 2236. Looking ahead to next week, I anticipate further upward momentum towards 2042, marking the top of its current channel. Expectations are for price to fluctuate between 2042 and 2030 before a decisive breakout. Currently, there's a 4-hour fair value gap, with 2200 possibly transitioning into a supportive level. We may witness a retracement to this zone before resuming the upward trend.
2153 buy gold. If gold rises to 2165-2168, sell again. ACTIVTRADES:GOLD TVC:GOLD OANDA:XAUUSD FXOPEN:XAUUSD VELOCITY:GOLD MCX:GOLD1! NCDEX:GOLD CAPITALCOM:GOLD
The upper top initially appears. Profitability is certain by following the instructions.
xauusd@2153-2155buy. tp2162-2165.sl2145
xauusd@2165-2168Sell. tp2155.sl2175
When you are not a member and follow the above operations, remember to control risks.
.Also continue to follow the author
Buy at 2153-2154.See it and trade it
Buy at 2153-2154. TP2164,SL2144
The news that CPI and Treasury auctions led to a rise in the US dollar was almost completely digested. The dollar will fall in the short term.
Gold after a sharp decline. Rely on the support of the track below Bollinger Bands and choose to buy. CAPITALCOM:GOLD MCX:GOLD1! NCDEX:GOLD TVC:GOLD FXOPEN:XAUUSD TVC:DXY OANDA:XAUUSD ACTIVTRADES:GOLD VELOCITY:GOLD
GOLD road to $2200+ BATTLING INFLATIONGold , known as "the safest hedge against inflation" is looking promising with the current banking crisis occurring. People are scared of banks and see Gold as a safest investment as a store of value without relying on the banks or without having USD.
Some economical factors that influence the price of GOLD with the current inflation at 5%:
-Inflation hedge: As I mentioned earlier, gold is often viewed as a hedge against inflation. When inflation rises, the value of fiat currencies can decrease, but gold tends to retain its value. This can make gold an attractive investment in times of high inflation, as it can help investors preserve their purchasing power.
-Weak US dollar: When the US dollar is weak, the price of gold in US dollars tends to rise. This is because gold is priced in US dollars on global markets, so a weaker dollar makes gold relatively cheaper for investors using other currencies. In other words, a weak US dollar can support demand for gold and increase its price.
-Geopolitical risks: Gold is often seen as a safe haven asset in times of geopolitical uncertainty or market volatility. If there are concerns about political instability, trade tensions, or other risks that could disrupt global markets, investors may seek out gold as a way to diversify their portfolios and reduce risk.
-Central bank policy: If central banks engage in policies that devalue currencies or reduce interest rates, this can increase demand for gold as an alternative store of value. For example, if the Federal Reserve were to keep interest rates low for an extended period, this could support the price of gold.
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Supply and demand: Gold is a finite resource, and new sources of gold production are becoming harder to find. If demand for gold increases while supply remains relatively constant, this could support the price of gold.
#XAUUSD Plan trading for Monday
#XAUUSD Plan trading for Monday
There will be no news tomorrow, so if there is no GAP, gold will stay sideways and continue to compress, waiting for FOMC news this week.
The yellow H1 frame is compressing with a decreasing top and unchanged bottom. Manage capital, always set stop loss until gold breaks then I will review, I expect gold to fall to 211x this week
Trading plan for Monday:
Buy Zone: 2144/2141 and 2034/2031
Sell Zone: 2166/2068 and 2179/2181 (if 2068 breaks, the trendline breaks down, wait for 2079)
The plan I give you is for your reference, remember to manage your capital ^^
GOLD - Expect triangle breakout ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: As we can see here price is forming a triangle with lower lows which means sellers trying to push price lower. I expect upcoming week to see a breakout and downside move to imbalance around 2100 price level.
Fundamental news: Upcoming week we have news with high impact on USD, we will see results of Interest Rate, followed by FOMC Press Conference.
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xauusd Friday trading strategy
Gold should observe the key area above 2171-2174 on Friday. If it cannot break through this area, then gold will still be in a downward trend. Several key positions where gold’s downtrend may break
Lower support 2152-2155/2148-2143 strong resistance area 2131-2134
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