GOLD: Gold price forecast
By around September, the Fed may reduce interest rates. A declining USD will pull gold prices up.
Gold is also supported by inflation and escalating prices in many countries around the world. Asian and European countries are struggling to control their currencies from plunging.
Many experts also mentioned the possibility of inflation in some countries. If this happens, gold will continue to be an important storm shelter.
Goldprice
Gold, oil, GBPUSD, Bitcoin, limited time trading, must read.
Today's profits overall are not particularly ideal. Only gold long orders made some profits.
Gold prices currently lack support from geopolitics. It has maintained a narrow range of fluctuations at the 2320-2307 line for several consecutive days. From the perspective of upward momentum, it is lacking. Visually, 2320 is a position that bulls and bears are competing for. The US market is now open. You can sell based on this position. Wait for lower prices to be created below. The downside is about $10-18 TVC:GOLD COMEX:GC1! MCX:GOLD1! OANDA:XAUUSD
Oil is under the influence of API. It continued to fall today, with some slight rebound in the afternoon. Currently under pressure from MA5. Combined with the negative news, I think there is a possibility that oil prices will continue to fall. The operation is mainly selling. The room for decline is about 0.8-1.5 GBEBROKERS:USOIL BLACKBULL:WTI FOREXCOM:USOIL TVC:USOIL FX:USOIL
Digital currency. There are currently reports that valuations are too high. There is a lot of public opinion about Bitcoin. It is also a product that resists inflation. Mainly selling. There is about 800-1800 points of downside space. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD BITSTAMP:ETHUSD
Foreign exchange rebounded due to the oversold dollar. Profits have not yet expanded. Continue to hold. When the US dollar pulls back under pressure, that is when GBPUSD or EURUSD makes profits. The upside is about 600-1000 FX:GBPUSD OANDA:EURUSD FX:EURUSD OANDA:GBPUSD TVC:DXY INDEX:DXY ICEUS:DXY CAPITALCOM:DXY
Pay attention to risks during operations and control the position ratio. The above analysis is conducted on the premise that no special black swan event breaks out.
Gold wins two games in a row and is short at high levelsGold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
💡 GOLD: Analysis May 8Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case:
First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200 mark, at which point you can consider opening additional short positions;
Second, if the price breaks above 2330, the price is likely to continue to correct upward, existing short positions need to be closed, then attention should be paid to the 2360 level, buyers may return to the market if resistance is reached. This is broken.
XAU/USD 08 May 2024 Intraday Analysis H4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 07 May 2024.
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at H4 demand level.
Price remains in pullback phase and is now is discount of internal structure where it is expected the strong low to hold.
As per intraday expectation dated 06 April, price was to print bullish CHoCH, reach 50% of internal EQ before targeting weak internal low. Price did print bullish CHOCH and reach 50% EQ and targeted weak internal low, however, price was unable to close below.
Intraday expectation : From a structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 07 May 2023
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
💡 GOLD: Analysis May 7After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases:
Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order;
Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
Tuesday trading strategy
xausd. My daily analysis is to help everyone find safe trading areas and make profits through strong and weak signals.
Price above 2325-2340-2350
Below 2300-2290-2280
So my suggested trading area:
Buying area:
2310--2312 has been triggered
2305-2307
2297-2300
Select the corresponding trading area based on specific price trends and charts. For reference only
Sales area: profit 50pips ()
Special: 2330-2333. This signal is a key price signal. But it has been triggered 4 times. So you can specially observe the signal
1/2322--2325
2/2338-2342
3/2350-2352
Select the corresponding trading area based on specific price trends and charts. For reference only
Only my real-time analysis is the most accurate. so please cooperate with me
I wish you all good luck with your trading. Trading trends are changing rapidly, I hope everyone makes money
Note: 1/ Provide account management. 2/ Provide VIP signal service.
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
-----
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.
Military tension - positive Gold price ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold's value is on the rise, driven by a weaker US dollar following recent Nonfarm Payrolls data that suggests possible Federal Reserve rate cuts. This situation could make gold cheaper for foreign buyers, with strong demand from central banks and Asian markets further supporting gold prices. Persistent Middle East tensions could also increase gold's appeal as a safe haven. However, any hawkish remarks from Fed officials, such as Minneapolis President Neel Kashkari, could bolster the USD and negatively impact gold prices.
⭐️ Personal comments NOVA:
Although it is in a DOWN trend, the tension of the Israeli war has caused the price of Gold to rebound and have gradually larger buying volume.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2315
TP2: $2330
TP3: $2345
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2322
TP3: $2310
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD-analyze
Hamas on Sunday reiterated its demand for an end to the war in exchange for the release of hostages, while Israeli Prime Minister Netanyahu flatly rejected the demand. The prospect of a ceasefire in Gaza seems slim, and the future geopolitical situation remains the most unstable factor affecting financial markets. This week will be the least economic data release week of the year. Including Wednesday’s 10-year bond auction, Thursday’s Bank of England monetary policy decision and the U.S. Treasury’s 30-year bond auction, as well as Friday’s preliminary University of Michigan consumer confidence data, today we need to pay attention to the U.S. global supply chain in April Stress Index, Fed Barkin and Williams speak.
After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline, so we still treat it as range fluctuations.
From a technical point of view, the K-line is suppressed below the 5D and 10D moving averages. Therefore, overall, it is currently weak. However, it should be noted that the support point 2280, which was concentrated last week, has not broken. The non-agricultural data is good for gold. , but it rose first and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral trend. Therefore, for this week’s market, 2276-2280 is the key point for the strength and weakness of the trend.
2320 above is the resistance point of the moving average, and it is also the highest point of the rise after the release of non-agricultural data, so today we need to pay attention to whether 2320 can break through. If it breaks above, there is still room for growth, because we still treat it as range fluctuations in the short term, so we reach the resistance point. You can choose to sell, but use smaller lots
Today we are mainly buying, so I have given important support points below. You can wait for the support points to buy. Aggressive traders can buy near 2300. You need to strictly set SL. The market changes quickly, so pay attention in real time. It is very important to modify the strategy according to the market conditions
What if you don't know how to trade? Join me as I analyze and provide ideas every day
💡 GOLD: Narrow the marginThe price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases:
Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order;
Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
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: 6/5 Today’s Analysis and StrategyDuring the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased.
Although the employment data reinforced expectations that the Federal Reserve will start cutting interest rates this year, which should support non-yielding gold, it has instead prompted investors to move to riskier assets. Driven by the outbreak of tensions in the Middle East and strong central bank buying, gold prices hit a record high of $2,431 in April. Since then, the safe-haven gold has fallen 5.7%, or about $140.
Investors will pay close attention to speeches from Federal Reserve officials this week, as well as the preliminary University of Michigan consumer confidence index for May to be released on Friday. In addition to speeches by Fed officials and U.S. economic data, investors will continue to pay close attention to developments in the Middle East. If tensions escalate, the resulting safe-haven buying will provide support for gold prices.
Gold Friday's NFP reached the expected value and was significantly bullish. The volatility adjustment range was large, and roller coaster market trends occurred frequently. The daily line closes the negative cross line with a long lower shadow, the price maintains running below the MA10 daily moving average of 2314, the Bollinger Bands middle track is adjusted below, and the RSI indicator is adjusted on the central axis. The short-period four-hour moving average has not increased in volume or opened, the Bollinger Bands have shrunk, and the price has adjusted below the mid-track. The technical side of gold fluctuates and bears a bearish trend, the adjustment range gradually widens, and the long-short wide trend shows high-frequency conversions. The trading range adjustment is large!
Asian market analysis
1H resistance is 2320, support below is 2293
4H resistance is 2326, support below is 2293
Daily resistance is 2326, support below is 2283/2267
Asian market strategy:
BUY:2280~2283 SL:2272
SELL:2317~2320 SL:2325
Asian market strategy NY time is invalid
NY Time Strategy Pre-Opening Update
Gold price increased unexpectedly !! MONDAY ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) loses momentum at $2,295 early Monday. Investors are eyeing Fedspeaks this week and the US Michigan Consumer Sentiment Index for May on Friday. The US Dollar Index (DXY), a gauge of USD value against trade partner currencies, rises to 105.12, recovering from nearly one-month lows.
⭐️ Personal comments NOVA:
Monday trading session saw Gold prices increase slightly, still in the disputed price range, selling pressure still prevailed more.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2277 - $2275 SL $2270
TP1: $2285
TP2: $2292
TP3: $2300
🔥SELL GOLD zone: $2325 - $2323 SL $2330
TP1: $2318
TP2: $2310
TP3: $2300
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold is still on a downward trend
The 4-hour moving average of gold is still in a downward bearish position, and the gold shorts are not over yet. Gold has fallen back quickly after every recent surge. The situation is still controlled by short sellers. Don’t be fooled by the strong rebound of gold bulls on the surface. The rebound is a better opportunity for short sellers.
How does the gold price work in the London market? Must see
In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices.
The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
Gold price continues to have selling pressure - DOWN✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024
🔥 World situation:
Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and retreated to current spot prices. The XAU/USD remains stable at around $2,300. Optimism on Wall Street diminishes the appeal of gold as a safe-haven asset. Notably, US Treasury yields and real yields are declining, affecting gold prices inversely.
🔥 Identify:
During Gold's correction - there is a lot of selling pressure. The Fed's interest rate is not too surprising. There will not be much fluctuation this week, mainly sideways in the DOWN trend
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2347, $2400
Support : $2272, $2237, $2205
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
The trend of gold is clear, just wait for it to hit a low and th
The positive support showed a strong rise, but the lack of momentum did not continue. It retreated from the high and re-examined the support. It stabilized and turned upward to maintain the range.
The Federal Reserve kept the current interest rates unchanged, and the overall tone is dovish, pushing the price of gold to rise further. It seems that the technical adjustment is in place, but in fact there is a lot of pressure on the upward trend.
At this week's Federal Reserve meeting, Powell said that if the labor market shows signs of softening, the Fed can turn its attention away from inflation and consider cutting interest rates.
Judging from the current data, available job vacancies in the United States fell to 8.488 million from 8.81 million in February, which is the lowest level in nearly three years.
The turnover rate unexpectedly plummeted by 198,000 to 3.329 million, the largest monthly drop since June last year, and the voluntary turnover rate fell to 2.1%, the lowest level in the past four years.
A higher number of voluntary separations indicates a tighter labor market, and vice versa. Judging from recent data, the number of people leaving their jobs has dropped significantly, which shows that people are less confident in finding or changing jobs in the current market.
Under this circumstance, today's market will usher in the U.S. non-farm payroll employment in April. The current market expectation is 243,000, lower than the previous value of 303,000. The unemployment rate remains at 3.8%, of which the unemployment rate is the focus. of.
Last month's non-farm payrolls data showed strong performance. The price of gold stabilized after only a brief decline, and then made a strong breakthrough. Whether today will show a similar trend to the last non-farm payrolls, no one is sure, even if this time it is The data is negative for gold prices, and the room for decline is limited. After all, the upward trend is intact and will continue.
The price of gold is currently running above the US$2,300 mark. It has maintained a consolidation trend so far in early trading. Neither the longs nor the shorts have the potential to break through. It is expected that they will have to wait for evening data guidance.
In the short term, the gold price will support the $2283-2281 area below, with further support at $2270, and the primary resistance above at $2308. It can extend and rise again after breaking through, and further can see $2330. My personal initial plan is to maintain a low-long trade. , if the price can close above US$2,330 this week, there is a high probability that it will continue to rise, gradually looking at US$2,350, and US$2,400.
Gold non-agricultural transaction analysis
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction.
Gold prices have been trading very narrowly so far since today's opening. As a result, gold can fluctuate wildly in both directions.
The current operating price range of gold is still between 2280-2330, and breaking any price range will continue to extend the trend. For example: 2280-2265-2255/2330-2350-2365.
So our transaction is divided into two parts
1: Transactions in the range of 2280-2330:
Selling area:
① 2317-2319
② 2330-2333
Buying area:
① 2292-2295
② 2280-2283
2: Transactions outside the 2280-2330 range
Above 2330:
①2336-2333↓↓↓↓↓↓↓↓↓↓2320-2322
②2345-2350↓↓↓↓↓↓↓↓↓↓2336-2333
③2333-2336↑↑↑↑↑↑↑↑↑↑2345-2350-2365
Below 2280:
①2280-2268--2262-2278
②2280-2268-2262-2255-2250
Today's analysis looks very complex. But it's actually quite simple. Combine the icons to find your trading zone trades. If you make a profit. Then you will not only succeed in trading but make money on your own. And you have successfully learned the first course of trading analysis.
I hope that my trading analysis will not only bring you trading profits, but also that everyone can slowly learn trading knowledge.
XAUUSD: 3/5 Today’s Market Analysis and StrategyIn the Asian market on Friday, gold traded sideways at the important 2300 mark; on Thursday, the price of gold staged a rebound of over US$20 during the NY session. The U.S. dollar index fell sharply from its intraday high of 105.90, which provided gold prices with rebound momentum. In addition, tensions in the Middle East also attracted some safe-haven buying. Benchmark 10-year Treasury yields erased daily losses after the U.S. data, sending gold prices lower ahead of Friday's U.S. jobs data.
Gold prices held firm at the 2,300 mark during the North American session on Thursday amid upbeat market sentiment, falling U.S. Treasury yields and a weaker dollar. Traders are still digesting comments from Federal Reserve Chairman Jerome Powell on Wednesday and the U.S. central bank's decision to keep interest rates on hold. At the same time, data showed that the U.S. trade deficit narrowed slightly and the labor market remained tight. Market participants expect the Fed to take a tougher stance but remain neutral. The central bank issued a neutral monetary policy statement and announced that it would slow down the pace of its quantitative tightening (QT) program.
Investors are beginning to focus on preparations for the U.S. non-farm payrolls report for April on Friday. The market expects that the U.S. will add 243,000 new jobs in April. Although it is not as good as the 303,000 jobs in March, the increase is still large. Average earnings are expected to rise 0.3%, the same as March's gain, according to a survey.
Technical
Gold first fell and then rose on Thursday, basically falling back to its starting point on Wednesday. Although it did not go unilaterally, it was overall weak. US gold rose at the support point of the 2285-day Bollinger Band, with a maximum around 2309. Recovered some of the falling space. Judging from the current closing line, gold tends to fluctuate in the H4 cycle. The daily rise will still take time or require the impact of non-agricultural data. The range that can be seen in Asia and Europe is 2315~2295. The US market is optimistic about gold rising under the influence of non-agricultural data. , above the high of 2340.
Asian market analysis
1H resistance is 2310, support below is 2296
4H resistance is 2326, support below is 2285
Daily resistance is 2347, support below is 2267
✅Asian market strategy:
BUY:2285~2288 SL:2276
SELL:2318~2324 SL:2328
Asian market strategy NY time is invalid