GOLD → another downward movementhello guys...
I believe xauusd or Gold wanna touch the $2267 level but we have two scenarios here:
s1: start a downward movement from here.
s2: it will hunt the previous high and then start a downward movement.
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Goldshort
Xauusd buy Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2367
Target 2371
Target 2375
Target 2379
Target 2383
Target 2387
Target 2400
Xauusd short Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold now buy 2314
Target 2318
Target 2322
Target 2326
Target 2330
Target 2350
Gold Sell Zone Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now sell 2321
Target 2317
Target 2313
Target 2290
GOLD SELL - 15 Min EntriesGold has broken out of 2 bullish trend lines and I am looking for a retest of the resistance level before entering a sell position.
Price may sweep the highs to take out the liquidity above resistance before moving bearish.
I will be looking for the retest then waiting for a closure below $2321.30 for extra confirmation.
Gold is weak. Just go short on the reboundJudging from the current trend, today's upper pressure will focus on the 2326 line, which opened last Friday's non-agricultural opening. Counterattacks during the day will rely on this position to continue to be bearish and the downward trend will fall. The short-term support below will focus on around 2280-2285. The short-term watershed between long and short strength should focus on the 2320 line. The daily level suppresses this position and continues to be weak and bearish, and continues to maintain the main and short rhythm of counter-drawing. I will prompt you with specific operating strategies during the trading session, so please pay attention in a timely manner.
NFP signal Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy 2301
Target 2350
4/30 Gold AnalysisGold has rebounded every time it fell recently, and the market has not reversed. Gold can be bought directly at 2335 in the US session. The previous article also directly and publicly suggested that longs enter the market. Today, the Asian session opens, and we need to improve our thinking. It is expected that the upper breakthrough position will be around 2353, and we can go long briefly. If we cannot break through 2353, we can go short around 2350.
5.2 Gold is first short and then long, with double profits.Today, gold provides a layout idea of shorting first. Short gold near 2289, reduce positions and take profits near 2283. After breaking 2290, go long gold at 2291 and take profits at 2300. At present, gold has rebounded and corrected. After waiting for the news to be released, short gold at high levels will be the main focus!
Hope the analysis can help youAfter a long period of high adjustment, the price of gold fell below the 2300 mark yesterday, and also fell below the key low support level of 2291. The new downward wave of gold has come out, and the shorts have entered a new range! In other words, the recent operation ideas will undergo a major change, and rebound shorts will be the only feasible strategy!
The 4-hour line has been falling continuously. For short-term layout, you can refer to the long and short conversion position at the bottom of 2291. You can short when it rebounds to 2291 again! At the same time, we should also focus on the repair position of the upper moving average pressure. At present, the first pressure of the moving average is at 2311. The deviation is large and it is not used as a reference for layout, but it is still a reference indicator for the strength of the long and short market! If the gold price returns to above the moving average in the near future, there is no need to worry. As long as it does not break through 2352 again, it is treated as short-term!
The Gold Spot to U.S. Dollar (XAU/USD) trend1. **Chart Overview**:
- The image displays a **candlestick chart** representing the **price movement of gold** against the U.S. dollar.
- Candlesticks indicate price changes within specific time frames: green for price increases and red for decreases.
- The Y-axis represents the **price of gold in USD**, while the X-axis shows dates from **May 3rd to May 13th**.
2. **Technical Analysis Tools**:
- **Trend Lines**: Two prominent diagonal trend lines are drawn across the candlesticks, suggesting a **channel pattern**.
- **Support and Resistance Levels**: Horizontal dashed lines indicate potential **support or resistance** levels at different price points.
3. **Price Fluctuations**:
- The chart captures the **volatility** of gold prices during the specified period.
The trend depicted in the **Gold Spot to U.S. Dollar (XAU/USD)** candlestick chart has several implications:
1. **Bearish Movement**: The pronounced **downtrend** suggests a decline in the value of gold against the U.S. dollar. Investors and markets relying on gold as a **safe-haven asset** or a hedge against inflation may be impacted.
2. **Technical Analysis Signals**:
- The **channel pattern** formed by the trend lines indicates potential price movement boundaries.
- **Support levels** (dotted horizontal lines) may act as buying opportunities, while **resistance levels** could hinder further price increases.
3. **Market Sentiment**: The downtrend may reflect **economic optimism**, leading investors away from safe-haven assets like gold.
The **Gold Spot to U.S. Dollar (XAU/USD)** trend has recently shown a **downturn**. Let's explore the possibilities:
1. **Recent Movement**:
- Over the past month, gold has experienced a **5.57% increase**¹ .
- However, in the last **5 days**, it declined by **0.22%**¹ .
2. **Technical Analysis**:
- The weekly chart indicates a **steep decline** from around $2393 to $2295.
- A **bearish candle** formation is currently underway.
- Support levels and retracement patterns are being closely monitored by traders.
3. **Factors to Consider**:
- The **U.S. Dollar Index** is recovering, making gold less attractive in USD terms.
- Short-term appeal remains weak due to easing tensions in the Middle East and reduced safe-haven demand.
4. **Forecast**:
- Analysts suggest that gold's bullish potential may continue into early 2024 due to a **looser Fed policy**, lower bond yields, and a weaker USD.
- However, a global economic downturn could limit gold's gains² ³ .
XAUUSD Analysis (1st May 2024)
Market Analysis PT1/2 (1st May 2024)
XAUUSD Analysis
On the 4 hour timeframe, we have confirmed a 4 hour MSS with price closing very bearishly on the 4 hour timeframe.
Dropping to the 1 hour timeframe, price action here has created a 1 hour OB, along with a 1 hour FVG just right under it.
Looking for price to retrace during asia session into the FVG/OB before looking for a 5/15 minute CHOCH to look for shorts.
This week is Price action will be alittle messy due to ADP and NFP coming up. So do trade carefully!
gold buyGold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now 2339
tp1 2343
tp2 2347
tp3 2351
tp4 2355
tp5 2360
⭐️ XAUUSD : Is Gold Likely to Fall Again? Based on my observations, the current resistance used to be a strong support on the daily timeframe. A solid breakout indicates that the price is now moving towards a new level. I'm targeting this 2332 resistance as the golden zone for us to swing short towards the support at 2299.
Show your support with likes and comments.
Best regards, Zack
Xauusd buy Gold News: Read the Latest Analysis on XAU/USD
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2329
Target 2333
Target 2337
Target 2341
Target 2360
Gold Chances Of High Price Today Confirm Gold has struggled to approach the new all-time high around $2341, apart from the Friday push, and has traded sharply lower on Monday. The next level of support for the yellow metal appears at $2319.50 ($2320), which could indicate a deeper pullback towards $2222.
Gold has been trading within overbought territory for an extended period of time and has finally recovered into a more ‘normal’ range. Gold has proven to be impervious to a stronger US dollar as well as US Treasury yields, but now that risk appetite appears to have lifted, will the non-yielding metal begin to feel the effects. Additionally, robust US data has led the market to push out rate cuts later in the year, something that is likely to keep the greenback supported, weighing on gold.
Gold recovers above $2,300: What's next? Gold managed to recover its losses yesterday (biggest daily slump in almost 2 years) on weak US PMI data. The thought here is that sluggish growth indicators might push the Federal Reserve towards an earlier interest rate cut (although don't hold your breath), potentially increasing the attractiveness of non-yielding assets like gold.
The rate of expansion in US business activity slowed amid signs of weaker demand, according to the latest S&P Global Flash PMI report.
From a technical standpoint, XAU/USD is currently grappling with the 23.6% Fibonacci retracement level from the rally between $1,984 and $2,430, struggling to surpass it convincingly.
Ole Hansen from Saxo Bank notes that gold's vigorous surge since mid-February is undergoing a necessary correction, which should hopefully provide insights into the actual underlying demand (now that geopolitical risk has somewhat cooled).
Market attention now shifts to three key US data releases: US durable goods (Wednesday), US Q1 Flash GDP (Thursday), and US Core PCE on Friday. While all three could impact the market, the latter two are anticipated to carry greater significance.
xauusd buyGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price sees a fresh leg down in Asia on Tuesday even as risk flows dissipate. Receding fears over Middle East escalation offset subdued US Dollar and Treasury bond yields. Gold remains heavily oversold on the 4H chart, rebound appears in the offing.
gold now buy 2301
tp1 2305
tp2 2309
tp3 2313
tp4 2317
tp5 2321
tp6 2340
gold confirm buy signal