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A real-time operation of gold price before closing Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347. TVC:GOLD OANDA:XAUUSD COMEX:GC1! Trading plan: Steady traders can wait until the market drops to around 2325 to buy directly. The target is 2341 or even higher. Aggressive friends can buy directly near 2332. The target is even higher near 2347.
TVC:GOLDLong
by AA_Jack
GOLD - Many factors will be surprisingGOLD PRICE ANALYSIS - May 29, 2024 SCALP--Sell ​​gold across the fee variety of 236x Yesterday the fee did now no longer attain the anticipated degree as a way to promote. During the day, the fluctuations had been pretty gentle. However, it could additionally be visible that the fee restoration has regularly exhausted itself, with the fashion of traders trying to promote extra and extra. Traders nowadays can prioritize locating Sell points. -- Gold costs fluctuated these days as buyers waited for americaA to launch inflation statistics withinside the following few days to are expecting while to reduce hobby rates. The data which can marvel the gold marketplace withinside the following few days is americaA center private intake fees index (PCE) - an critical inflation degree of americaA Federal Reserve (FED). Meanwhile, a few FED officers agree with that americaA financial system nonetheless has the cappotential to get better significantly. They need to peer extra nice inflation statistics earlier than reducing hobby rates. In reaction to the above data, the USD has reduced in rate as compared to many different robust currencies. Today`s global gold rate has situations to consolidate its upward momentum.
TVC:GOLD
by Chart_MasterPro
Gold price decreases temporarily or long term💥Gold prices extended their decline on Wednesday. The yellow metal's potential for further upside may be limited as the FOMC minutes are understood to be significantly more hawkish than previous releases. 💥The future direction of gold may depend on the results of the FOMC Minutes. Technical indicators in the daily chart suggest an extension of the ongoing correction, as indicators retreat sharply from indexes near overbought levels, maintaining a solid bearish slope at positive levels. pole. The potential downside target and key support zone is around $2,338, where the pair has its lowest level in the last three weeks. Meanwhile, the EMA 34 and EMA 89 are showing a downward slope in the h2 time frame, and the price is trading below the two EMA lines, showing that the downtrend will last at least until next week. 💥PLAN trading May 23 Support: 2352 - 2337 - 2321 Resistance: 2383 - 2400 - 2413 SELL price range 2380 - 2382 stop 2385 BUY price range 2338 - 2336 stop 2333
OANDA:XAUUSD
by TVS-Trader
Gold slowing at Thursdays POCI have been testing Tradingviews volume profiles with Gold and some of the levels are so accurate. Using spot market data, it was a bit of a surprise, but a welcomed surprise it has been. We can see today's intraday longs tapping straight into a naked POC left behind from the sharp sell off on Thursday. I have yet to test this is in other markets however Gold has proven really quite reliable utilising the entire Value area from the fixed period profiles. Anyway - watch out for Gold bears to take control once again from 2360 - 2370 once again. I am looking for a 1000pip drop near enough back to 2275. I will keep you all updated.
OANDA:XAUUSDShort
by CIFERSTRATEGIES
XAUUSD:28/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2370, support below is 2327 Four-hour resistance is 2370, support below is 2327 Gold operation advice: Yesterday, the overall price of gold stabilized above 2330 in the short term. However, the current hourly line and 4-hour chart are still in the downward rhythm of short pressure. The 4-hour level still sees a suppressed and volatile operating rhythm until it reaches the 2400-point integer mark. Judging from the current trend, today's short-term pressure will focus on 2370. During the day, counterattacks will rely on this position to be bearish. The short-term support below will focus on around 2340. Today, the overall focus will be on selling high and buying low in the 2340-2370 area, and trade cautiously in the middle position. SELL:2370near SELL:2360near BUY: 2340near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold H1 range analysis and important zonesI do not like this zone. Fibs is showing a pickup at 0.786. But it's right at a point of massive contract volume. Anything can happen around there... If you see clear reversal at M15 and strong bullish momentum it's safe to buy from zone to zone. Be careful at the hourly ceiling and the hourly floor. When it gets there we need clear reversals in H1. Don't forget baerish has been dominant last week.. The floor beneath all the way down is still dominant. (2330)
OANDA:XAUUSD
by Heaven10
Gold's correction to continue its uptrend💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand from Chinese investors. However, gold becomes more difficult as central banks around the world are starting to diversify the USD with assets that have other redeemable values ​​besides gold. These factors will certainly hinder the momentum for gold going forward. 💥In the long term, despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Analysts on Wall Street believe that the market must lose more time than expected for the Fed to determine for sure whether inflation has actually decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time. 💥Technically, gold is trading around EMA 34 of the D1 time frame, showing that the recent two-day consecutive price decrease has not completely reversed the main trend of gold. The strongest retracement level that can be reached today is 2305. In the opposite direction, gold price can be pushed to the highest level of 2370 Support: 2325 - 2311 - 2305 Resistance: 2355 - 2370 - 2397 Breakout and retest: 2374 - 2320 SELL price range 2370 - 2420 stop 2375 BUY price range 2321 - 2419 stop 2315 (scalping) BUY price range 2305 - 2303 stop 2300
OANDA:XAUUSD
by TVS-Trader
GOLD - gold price cannot cool down yetForecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently having a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE file is launched better than marketplace forecasts, this will deal every other blow to expectancies of Fed hobby price easing, inflicting gold expenses to fall even deeper. But analysts expect that traders are nevertheless having a bet on gold expenses to boom withinside the close to future. Forecasts say that with the aid of using the give up of the week, gold rate will boom to 2,375 USD/ounce./. ----------------------------
TVC:GOLD
by Chart_MasterPro
GOLD increases - geopolitical tensions and FED interest ratesAccording to analysts, the USD weakens best withinside the brief term. More importantly at the prevailing time, the gold marketplace is popping its eyes to the May US non-public intake expenditure index (PCE) record to be posted on June 1. Most professionals accept as true with that this index will boom greater than formerly forecast, making the time to reduce hobby quotes via way of means of the United States Federal Reserve (Fed) more and more more distant. Therefore, CEO Marc Chandler of Bannockburn Global the Forex market found out that valuable metals have become very unstable for owners, inflicting traders to more and more more depart and now not be interested by the gold marketplace. . In addition, the lower in gold call for from Chinese traders and the easing of the effect of geopolitical dangers after the helicopter crash that killed the Iranian President also are damaging factors. for valuable metals. Gold charge forecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently making a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE record is launched better than marketplace forecasts, this will deal some other blow to expectancies of Fed hobby price easing, inflicting gold costs to fall even deeper. But analysts expect that traders are nevertheless making a bet on gold costs to boom withinside the close to future. Forecasts say that via way of means of the cease of the week, gold charge will boom to 2,375 USD/ounce.
TVC:GOLD
by TheLeader_WOLF
Gold (XAU/USD) ForecastThe provided chart is a daily candlestick chart for Gold Spot (XAU/USD) on OANDA. Here’s a detailed analysis and summary of the chart: Timeframe and Data: - Timeframe: Daily (1D) - Data Range: From early March 2024 to late May 2024 Price Analysis: - Current Price: $2,355.55 - Price Movement: The price has shown an overall uptrend from March to mid-May 2024, followed by a consolidation and potential bearish reversal. Technical Patterns and Indicators: - Divergence Pattern: - The chart indicates a divergence pattern, where the price has been making higher highs, but the volume has been decreasing. This divergence between price and volume suggests a weakening uptrend and potential bearish reversal. - Resistance and Support Levels: - Resistance Levels: - A major resistance zone is marked around $2,397.52. - The area just below the recent highs, approximately $2,350.00 to $2,370.00, is acting as an immediate resistance. - Support Levels: - Immediate support is marked around $2,300.00 to $2,320.00, which coincides with a previous consolidation area. - The next significant support level is indicated at $2,283.39. - Trendlines: - An upward-sloping trendline can be seen connecting the higher lows from mid-March to mid-May 2024, suggesting an uptrend. However, the recent price action is testing this trendline. - Another dotted trendline at the bottom highlights decreasing volume over time, reinforcing the divergence pattern. - Sell Trigger and Target: - A sell signal is suggested by the divergence pattern, indicating that gold may fall this week. - Target Price: The sell target (TP) is marked at $2,280.00, suggesting a bearish move towards this level after breaking the immediate support. Key Levels: - Resistance Levels: - Major resistance at around $2,397.52. - Immediate resistance at approximately $2,350.00 to $2,370.00. - Support Levels: - Immediate support at around $2,300.00 to $2,320.00. - Further support at the significant level of $2,283.39. Trade Setup: - Bearish Scenario: The divergence pattern suggests a potential bearish scenario. If the price breaks below the immediate support level of $2,300.00, a move towards the sell target at $2,280.00 is likely. The weakening volume adds to the bearish sentiment. - Bullish Scenario: For a bullish outlook, the price needs to break and sustain above the resistance zone around $2,370.00 to $2,397.52. This could invalidate the divergence pattern and suggest further upside potential. Conclusion: The chart for Gold Spot (XAU/USD) indicates a potential bearish scenario with the formation of a divergence pattern, where higher prices are met with lower volumes. A break below the immediate support level of $2,300.00 could trigger a move towards the sell target at $2,280.00. Traders should look for confirmed breakouts from key levels to make informed trading decisions. The resistance zone around $2,350.00 to $2,397.52 and the support levels at $2,300.00 and $2,283.39 are crucial levels to watch.
OANDA:XAUUSDShort
by The90sTraderOfficial
Gold bounced back on MondayLast week, global gold expenses continuously "plunged" after breaking all of the data conquered in April. Kitco News`s cutting-edge weekly gold survey effects confirmed that extra than 3-quarters of specialists consider gold expenses are solid or will fall withinside the close to term, even as 1/2 of of retail investors nevertheless consider the treasured metallic may want to pass better withinside the coming days. Looking at gold's fluctuations remaining week, senior marketplace analyst Darin Newsom of Barchart.com stated that gold is probably to say no this week. Sharing the identical view, Bannockburn Global the Forex market CEO Marc Chandler additionally sees similarly disadvantage dangers for gold withinside the close to future. According to Chandler, the cause gold set a report excessive early remaining week at 2,450 USD/ounce changed into due to the fact the marketplace reacted to statistics associated with the twist of fate that claimed the lifestyles of the President of Iran. However, the power of the USD prompted gold to be offered off and plummet to almost 2,three hundred USD/ounce. Besides, the lower in call for for gold from Chinese buyers is likewise a downside for this treasured metallic. Chandler forecasts that gold's preliminary resistance this week is at $2,375/ounce. Support is withinside the variety of $2,275 to $2,three hundred according to ounce.
TVC:GOLD
by TheLeader_WOLF
XAUUSD Forecast - Short Term SellThe chart shows the 4-hour candlestick pattern for Gold Spot (XAUUSD) against the US Dollar on the OANDA platform, with the current price at approximately $2340.26. Key Observations: 1. Current Price and Recent Movement: - The current price is $2340.26. - The recent price action shows a decline of 1.16%, indicating a short-term bearish trend. 2. Trendline and Support Levels: - There is a clear ascending trendline that has been acting as support since early April. - The price has recently broken below this ascending trendline, suggesting potential further downside. 3. Support and Resistance Levels: - Immediate Resistance: Around $2397.515, where the price has previously encountered resistance. - Immediate Support: At approximately $2279.895, a previous low and potential support level. 4. Possible Scenarios: - Bullish Scenario: - If the price manages to hold above the immediate support at $2279.895 and breaks back above the ascending trendline, it could retest the resistance at $2397.515. - Bearish Scenario: - If the price continues to fall and breaches the support at $2279.895, it could see further declines. 5. Volume and Market Sentiment: - The recent drop below the trendline with a significant decline suggests a bearish sentiment in the market. - Monitoring volume and any potential reversal patterns around support levels will be crucial for determining future price movements. Summary: The 4-hour chart for XAUUSD shows that gold is currently experiencing a bearish trend, having recently broken below a significant ascending trendline. The price is facing immediate resistance at $2397.515 and has support at $2279.895. The breach of the trendline suggests potential further downside unless the price can reclaim this trendline and move higher, targeting the resistance. Traders should watch for a possible rebound at the support level or a continuation of the bearish trend if support fails to hold.
OANDA:XAUUSDShort
by The90sTraderOfficial
Gold fell by more than $100 in two days and continues to be bear There is no right or wrong in the market, the only one who is wrong is you. When you find that the direction is reversed, get out immediately. Don't take chances. Just hold on to the profits, and you can achieve long-term and stable profits. At the beginning of this week, gold directly broke the all-time high and sprinted to the 2450 mark, and then entered the high range sweep. The low point was flat at 2406, and the high point gradually moved downward from 2447 to 2434, forming a convergent triangle range. After the price surged higher on Wednesday and determined that the resistance began to come under pressure, it fell below the convergence triangle and fell back to the previous rising channel range. The key point here is to fall below the triangle range and fall back to the channel range. The upper rail of the channel 2417 was used as a suppression to start the heavy volume decline, and the decline accelerated to the lower rail of the channel 2382. Of course, this is not the end, but a new beginning. Yesterday Thursday, the price suppressed 2384 and further fell below the low, maintaining the rhythm of a sweeping decline. It continued to fall and broke below the low in late trading until it hit 2325 in early trading today on Friday. That is to say, in just two trading days, gold fell by more than 100 US dollars, completing the heavy-volume decline in one go! The support and pressure levels of gold in each cycle: The gold weekly support level is 2164, the gold daily support level is 2341, the gold 4-hour support level is 2379 area, and the gold 1-hour pressure level is 2348 area. Today’s gold recommendation: short gold around 2348, stop loss at 2353, and take profit at 2336
FXOPEN:XAUUSDShort
by cdfxcdfx
XAU/USD 24 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a series of bearish iBOS' (Internal breaks of structure). After every iBOS price is expected to pull back. Once price has printed bearish CHoCH we can establish internal high. Intraday expectation: Internal range has yet to be established, however, internal structure is bearish. Once internal range has been establish price to eventually target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
China's Gold Rush Reshaping Global Markets Through Record DemandChina’s gold buying surge has driven prices to record highs above $2,400 per ounce. Amid global uncertainties like the Ukraine invasion and the Gaza conflict, Chinese investors have flocked to gold as traditional investments falter. This trend is supported by retail buyers like Xena Lin, who purchase affordable gold "beans," and institutional investors including the Chinese central bank, which has increased gold reserves for 17 consecutive months. China's influence, fueled by shifting economic confidence and reduced reliance on the US dollar, has transformed the gold market, driving nearly a 50% price increase since late 2022. Despite high interest rates and a strong US dollar, gold prices continue to rise, cementing China's dominance in the market. Main Points: * China's surging demand for gold is driving prices to new highs, fueled by individual investors and the central bank. * This trend is driven by uncertainty in global markets and a desire to diversify away from traditional investments like real estate and stocks. * China's central bank is strategically increasing its gold reserves, reducing reliance on the US dollar. * This sustained demand from China is expected to continue shaping the gold market for the foreseeable future. Supporting details : * Retail investors like Xena Lin are buying gold in new forms like "gold beans." * The central bank has increased its gold reserves for 17 consecutive months. * This trend defies traditional factors that would typically suppress gold prices, like rising interest rates.
FX_IDC:XAUUSDLong
by signalmastermind
Gold prices fell for the third consecutive dayGold rate has reduced for the third consecutive day If calculated from the height region of 245x .In the global marketplace, valuable metals retreated to round 2,326 USD/ounce, down greater than forty USD in line with ounce as compared to the preceding session. According to analysts, global gold costs plummeted whilst the marketplace diminished expectancies for americaA Federal Reserve (FED) to reduce hobby fees. The USD index expanded sharply to 105.09 points. UOB Group specialists expect that the FED will begin reducing hobby fees subsequent September, and there can be handiest greater hobby charge cuts this year, in September and November 2024.
TVC:GOLDShort
by TheLeader_WOLF
GOLD: On the way $2500,Technical and Fundamentals Strong BullishOANDA:XAUUSD Price continued the uptrend as we had advised in our previous chart analysis, however, as the price reached $2443 where many big banks and institutional buyers cashed out led price to drop significantly. However, we expect price to grow towards $2500 which area remain a next big bull run. Currently, both fundamental and technical indicates further growth in the price. The price can rebound from 2406. **Please Like and Comment our ideas which will encourage us to bring you more Ideas like these** Team Setupsfx_
OANDA:XAUUSDLong
by Setupsfx_
32
Is gold price selling or buying? I think it's like this MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! TVC:GOLD Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370. Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term. At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again. In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358. Stay tuned for real-time trading signals from the top trading circles.
TVC:GOLDLong
by AA_Jack
XAU/USD 23 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where would expect to see a reaction. Intraday expectation: Price to continue bearish and react at H4 POI's to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS (Internal break of structure). After iBOS price is expected to pull back. Intraday expectation dated 21 May 2024 was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which were positioned closely before targeting weak internal low which was denoted with a blue dashed line. Price printed as expected and printed a bearish iBOS. Price has continued bearish and we are now trading within an internal high and fractal low. Intraday expectation: We are expecting price to pullback. First indication, but not confirmation of pullback initiation is a bullish CHoCH which is denoted with a blue dotted line. Price to continue bullish, react at premium of 50% before targeting weak internal low which is currently a fractal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1
Modern trends are completely tilted towards SELLINGGOLD, as I shared yesterday, has dropped deeper than I expected. With the modern Trend being absolutely at the SELL side, these days I will nevertheless watch for right and clean possibilities to SELL GOLD following the Trend. >Today I will quickly Buy GOLD consistent with the Oversold RSI Point at the M30 and H1 frames At this rate, anyone must check with BUY GOLD round Area 2358>2362 SL 2355 TP 2368>238x As I shared ultimate week, after the GOLD fee units a brand new height of 244x, there'll without a doubt be a fee lower of 20>40. So as of yesterday, to date GOLD has offered out greater than 50 prices. So with this wave rhythm, I handiest wish that GOLD can boom in fee through approximately 10>20. Everyone quickly BUY small Vol and perhaps DCA from 4>6 for 1 order. I will nevertheless watch to promote GOLD whilst there may be a response above the 238x area!!!
TVC:GOLDShort
by TheLeader_WOLF
1