gold buy 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 is consolidating the previous rally to all-time highs of $2,266 in Asian hours on Tuesday. Gold price looks to the US jobs data for fresh hints on a potential Fed rate outlook, especially after strong US PMI data dialed down expectations of a June Fed rate cut.
gold buy 2254
TP1 2260
TP2 2270
TP3 2280
TP4 2300
SL 2230
Goldshort
Gold price approaches $2,300 price expectation⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has surged to record highs of nearly $2,250 per troy ounce in the early Asian session on Monday. This increase is driven by several factors, including the anticipation of a shift in monetary policy by the Federal Reserve (Fed) in the second half of 2024, ongoing geopolitical tensions in the Middle East, and hopes for China's economic recovery.
The possibility of central banks implementing looser monetary policies could further drive up the price of gold. Currently, financial markets have factored in a 68.5% chance of a quarter-point interest rate cut by the US Fed before June, according to the CME Fedwatch Tool. Fed Chairman Jerome Powell affirmed on Friday that the recent inflation data in the US aligns with their expectations, maintaining their stance on potential interest rate cuts this year. It is important to note that lower interest rates could make gold a more attractive investment since it doesn't generate interest.
⭐️ Personal comments NOVA:
The FOMO from the market is huge, the new peak of Gold is gradually reaching $2300 according to experts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2236 - $2234 SL $2230
TP1: $2242
TP2: $2255
TP3: $2267
🔥SELL GOLD zone: $2265 - $2267 SL $2272
TP1: $2260
TP2: $2250
TP3: $2236
⭐️ 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
Short again in HLAfter the rise of gold and the fall below the trend line that we expected to fall, we can enter sell positions again and place the Stop loss at the bottom of the chart at the 2270
So, this analysis is a continuation and confirmation of the previous analysis so that we can have more reliable sales with the updated idea.
Next Gold Target 2090 or 2350? Check Analysis📣Hello Mates!
We have seen that gold is continuously bullish and its momentum is not going down, so now we think that gold has gone as high as it was supposed to go, maybe it can go up a little more to 2280 or 2300.
May then continue to go down and meet our targets of 2150 and 2090.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2266.00
📉 And our support levels are set at:
- 2150.00
- 2090.00
Stay tuned for further updates and trade smartly! 📊
Short Idea on Gold NOWHELLO GUYS THIS MY IDEA 💡ABOUT XAUSD nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
GOLD TRADE IDEA / POTENTIAL BEARISH BREAKOUNT Hello Traders!
I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
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XAUUSD on the rise! 🚀✨ Gold's glow intensifies amidst rate cut XAUUSD on the rise! 🚀✨ Gold's glow intensifies amidst rate cut speculations. 💰📈 All eyes on the Fed's moves and the awaited PCE report! 🔍 but poised for a breather! 🌟💫 Amid rate cut speculations, gold's journey may pause for a pullback towards the 75% quarters level of 2200-2225. ⏸️💰 Stay vigilant as it readies to resume its ascension! 📈💎 Socials @OfficialKieranTrewick
gold buyGold retreated to the $2,180 area after facing rejection near $2,200 during the European trading hours on Wednesday. With the benchmark 10-year US Treasury bond yield edging lower toward 4.2%, however, XAU/USD regained its traction and rose above $2,190.
On the flip side, any corrective decline is likely to find some support near the $2,164-2,163 area ahead of the $2,156-2,155 zone and the $2,147-2,146 region. A convincing break below the latter might prompt aggressive technical selling and drag the Gold price further towards the next relevant support near the $2,128-2,127 region en route to the $2,100 round-figure mark. The said handle should act as a strong base for the XAU/USD, which, if broken decisively, will suggest that the XAU/USD has topped out in the near term and will pave the way for deeper losses.
gold buy now 2193
target 2220
resistance 2160
GOLD-Has a head and shoulders top formed?
Yesterday, the United States released some inflation data indicators. After experiencing the worst year for real estate sales in the past three decades, house price growth accelerated in January, with house prices in 20 major cities rising by 6.59% year-on-year, higher than the 6.2% increase in December last year. increase. Other economic data showed that U.S. durable goods orders increased by 1.4% month-on-month in February, and core capital goods orders increased for the first time in three months. However, the month-on-month value of durable goods orders was further revised down to -6.9%. The Conference Board's consumer confidence index in March also showed lower than expected and previous values, all of which indicate that the U.S. economy has obvious signs of contraction.
Public data reports that due to the impact of interest rate increases, the Federal Reserve's total interest expenses will be US$281.1 billion in 2023, 2.75 times the expenditure in 2022, of which interest expenses related to reserve balances will be US$176.8 billion, nearly tripling compared with 2022. The Fed's losses are floating losses and will not affect the Fed's operations, but will aggravate the already huge U.S. government fiscal deficit. (This is also an important reason why the market expects the Federal Reserve to cut interest rates this year. Excessively high interest rates mean increasing operating costs for oneself)
U.S. regulators have warned that if U.S. debt continues to soar, it could trigger a crisis. The ratio of U.S. debt to the country's GDP will exceed the highest level during World War II of 116% in 2029, and will rise to 166% of GDP by 2054 (meaning that a debt crisis may occur at any time, and once it occurs, it will trigger turmoil in the global financial market. In view of this, it will also force the Federal Reserve to lower interest rates as soon as possible.)
Yesterday, gold reached as high as 2200, but did not break through, and then fell sharply.
From a technical point of view, firstly, because the timing is wrong, the Asian market does not move, the European market starts to rise crazily, and the US market is in place before it even opens, which is equivalent to compressing the room for rising prices in the future.
Second, the growth rate was too fast and directly touched the overbought zone. Therefore, although the data was bullish after the US market started, it could not withstand the flight of profit-making funds.
The upward trend is still maintained above 2145, but as can be seen from the chart, the H4 cycle has formed a head and shoulders top pattern. The left shoulder is at the previous high of 2194, the top is at 2222, and the right shoulder is at Tuesday's high of 2199.
As long as this pattern remains unchanged, there will be room for a sharp decline in the market outlook. For the current market, it is still maintaining an upward trend. Therefore, in the short term, it will still be a high fluctuation under the upward trend, and it will only be possible after it falls below 2145 in the future. There is room for decline
Today we can sell based on yesterday's high point. The 50% and 61.8% golden section positions are 2185 and 2189. The important resistance point is 2197. Control your position reasonably so that you can finally make a profit.
Join me, I will analyze every day, let us improve the success rate of trading together
GOLD SELL BULLISH MOVEGold Price (XAU/USD) extends its upside above the mid-$2,150 during the early Asian trading hours on Tuesday. The expectations of interest rate cuts by the US Federal Reserve (Fed) this year and the dovish remarks from Fed officials weigh on the US Dollar (USD) and provide some support to the US Dollar-denominated Gold. At the press time, gold price is trading at $2,171, adding 0.04% on the day.
Meanwhile, the US Dollar Index (DXY), a measure of the value of the USD against a weighted basket of currencies used by US trade partners, retreats from multi-week peaks of 104.50 and hovers around 104.20. The US Treasury bond yields edge slightly higher, with the 10-year yield standing at 4.25%.
Is GOLD about to Tanks/Drop?I wont lie, this one scares me the most, XAUUSD looks like it might be in some trouble. Im seeing a selloff happening from around this range, looks like we are still in a big correction which will end around the 1600.00 to 1500.00 range.
Where all is in confluence i will update you guys on this. This is not me saying sell or what, im just sharing what I'm currently observing, and when the right time comes for us to execute orders, i will update y'all.
NFA as always.
XAUUSD BUYGold price (XAU/USD) drops to $2,150 in Tuesday’s European session as a strong US Dollar weighs heavily on the precious metal. The appeal for Gold remains subdued amid uncertainty ahead of the Federal Reserve’s monetary policy decision and the release of the quarterly dot plot on Wednesday.
The Fed is widely expected to keep interest rates unchanged in the range of 5.25%-5.50% for the fifth time in a row, but uncertainty over rate-cut projections keeps the Gold price on the tenterhooks. Investors are scaling back bets that the Fed could begin reducing interest rates in June, putting further downside pressure on Gold.
Gold 4 Hour - Bullish Retracement Action into Bearish ShortWe basically traded our first bear fib on a longer term timeframe with the move down from highs . . . Our lows on Friday afternoon's session came within a buck of targets, so there could be a substantial retracement, potentially an "ALL THE WAY, HALF WAY BACK from the ALL TIME HIGHS. What this would look like is a Head and Shoulders Top . . . with the right shoulder going as high as 2198 . . . The bulls could be out in force next week . . . and we would be right there joining them on counter-trend long trades. But, Remember when I said I would be selling spikes in the last entry. A move to 2198 would qualify as a spike. Failure for the bulls to break into new highs would be seen as a top here. And, the inability to get past 2200 would be the sell signal the the market needs to bring us back to a meaningful retracement for the year.
GOLD BUY CONFIRM SIGNAL 100% 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 edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities
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.
gold buy 2174
tp1 2178
tp2 2182
tp3 2200
tp4 2210
tp5 2220
sl 2150
Gold Rally with Five Waves Up Nearing End !Gold, the perennial symbol of wealth and stability, has recently found itself at a crucial juncture in the financial markets. With its price hitting a previous high of around $2150 per ounce, it appeared to have found a sturdy support level. However, market analysts are now observing a potential shift in momentum.
The rally in gold prices, characterized by five distinct waves upwards, suggests a significant uptrend. Yet, amidst this apparent bullishness, there are murmurs of caution. Traders and investors alike are contemplating whether this remarkable surge may be reaching its conclusion.
The notion that this rally could be nearing its end stems from a variety of factors. Market sentiment may be shifting, influenced by changing economic conditions or geopolitical events. Additionally, technical indicators may be signaling potential exhaustion in buying pressure, prompting some to take profits or reassess their positions.
Furthermore, broader market trends and correlations with other asset classes are being closely scrutinized for clues about gold's future trajectory. Amidst the uncertainty, one thing remains certain: the importance of vigilance and adaptability in navigating the intricacies of the financial markets.
As gold teeters on the edge of a potential turning point, investors are urged to exercise caution and remain attuned to emerging developments. Whether this marks the end of the current rally or a mere pause in its upward trajectory, only time will tell.
XAUUSD BULLISH MOVE TODAYGold price (XAU/USD) attracts some dip-buying on Friday and reverses a major part of the previous day's slide back closer to the $2,150 level, or the weekly low. Despite the hotter-than-expected US Producer Price Index (PPI), the markets are still pricing in a greater chance that the Federal Reserve (Fed) will start cutting interest rates in June. This is reinforced by a fresh leg down in the US Treasury bond yields, which fails to assist the US Dollar (USD) to attract any meaningful buyers. Apart from this, a generally weaker tone around the equity markets lends some support to the safe-haven precious metal.
Gold: pressure building ahead of Fed rate decision Gold volatility is slowing, and tension building as the Fed announcement gets closer.
Despite the historic announcement from the Bank of Japan's to end its negative interest rates policy and the Reserve Bank of Australia maintaining steady rates, gold has remained relatively stable.
However, with gold being priced in US dollars, all eyes are on the Federal Reserve's interest rate decision scheduled for Wednesday.
While no rate cut is expected this month, traders will be looking for news on a June cut. The likelihood of a 25-basis-point rate cut in June has decreased by more than 20% recently, and now stands at about 50%.
Beyond the rate decision announcement, traders are particularly interested in the 'dot plot,' which shows individual FOMC members' interest rate forecasts. Should the central bankers maintain the 'dots' relatively unchanged, it could bode well for gold, especially considering the ongoing inflationary pressures indicated by recent CPI and PPI data have some analyst thinking that June is too soon for the Fed to be comfortable with a cut.
Gold continues to trade significantly above its 100- and 200-day moving averages. However, the 50-day moving average is possibly suggesting a limit to its short-term bullish momentum.
Meanwhile, the benchmark 10-year US Treasury bond yield remains stable above 4.3% in anticipation of the Federal Reserve event, preventing XAU/USD from gaining traction for now.
Gold 2162 prompts short selling, and it fell as expectedGold prompts short selling at 2162, and is now falling as expected.
The four-hour gold line is still in a short position, and there is almost no support below. A plunge is inevitable. The highs continue to fall. It is an obvious short position, and the moving average is also running downward. The K-line is suppressed. We continue to see a plunge.
Trading strategy: short gold 2162, stop loss 2170, target 2100, 2130