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Goldshort

Cumulative Gold prices prepare for INFLATION data⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) continues to trade within a range as it enters the European session on Monday, currently sitting just above last week's monthly low. The prevailing belief that the Federal Reserve (Fed) will maintain higher interest rates for a longer period of time in light of the resilient US economy is supporting elevated US Treasury bond yields. This, coupled with the positive sentiment surrounding the stock markets, is acting as a hindrance for the safe-haven precious metal. However, the uncertainty surrounding the timing and pace of interest rate cuts by the Fed is not helping the US Dollar (USD) gain significant traction, which in turn is offering some support to gold prices. Traders are also hesitant to take aggressive positions and are waiting for the release of the latest US consumer inflation data on Tuesday, as it will provide clues about the Fed's future policy decisions. This data will play a crucial role in influencing the short-term price dynamics of the USD and will impact the direction of movement for the non-yielding commodity. ⭐️ Personal comments NOVA: In the first trading session of the week, Gold prices continued sideways in the $2020 - $2035 price range waiting for important CPI data this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2010 TP1: $2022 TP2: $2026 TP3: $2031 🔥SELL GOLD zone: $2029 - $2031 SL $2035 TP1: $2024 TP2: $2020 TP3: $2015 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold Time for a downtrend? ( Trade Ideas ) After a week of a downtrend, gold now is on the verge of breaking another support near the 2020 price area, there is a lot of opportunity for the short traders to make a massive profit from the bearish trend. However, these are one of the following criteria that short traders need to wait for before making a decision : 1. Gold needs to break below the 2020 price at least or make a bearish candle formation below the support to convince the short position and less risk. 2. A failure to break below the price will only make the pair test the resistance area of 2025-2027 and a solid bullish formation can send the pair flying towards 2037. Disclaimer: Please follow at your own risk, and make sure you are following your own SOP before entering the forex market.
OANDA:XAUUSDShort
by Domain_EXFX
GOLD H4 / POSSIBLE SCENARIO FOR LONG ENTRY ✅Hello Traders! This is my forecast on Gold H4. I expect a reaction from the resistance level, and if confirmed, I will have only a long bias. I will look for long entries after the retracement from the resistance. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLD
by GoodTradeST
XAUUSD: The upward momentum has not stoppedOn H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term. All attention will be focused on the upcoming release of the latest US consumer inflation data next week.
OANDA:XAUUSDLong
by TradingForecast_Signals
📉Gold prediction / Wrist wrestling between buyer and seller📈FOREXCOM:XAUUSD OANDA:XAUUSD Hello dear traders. If the price does not stabilize above the $2030 level, it can start bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FOREXCOM:XAUUSDShort
by CrazyS
2
Gold buy now today Gold confirm move is buy zone On the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level. Recapturing that level is critical to revisit the monthly top of $2,065, which could act as a tough nut to crack for Gold buyers. Gold buy now 2024 limit trade 2019 Confirm Target 2045
FOREXCOM:XAUUSDShort
by FxJoseph_7
Gold buy now to gold fly move the upside, the immediate powerful resistance at the abovementioned confluence support now turned resistance near $2,030. Gold buyers need to find a strong foothold above the latter on a daily candlestick closing basis to initiate a recovery toward the $2,050 psychological level. Recapturing that level is critical to revisit the monthly top of $2,065, which could act as a tough nut to crack for Gold buyers. Gold buy now 2023 limit trade (2019) Confrim Target 2045
TVC:GOLDShort
by FxJohnson
Bears Seize Control of the Gold MarketSince the onset of January 2nd, 2024, a discernible downtrend channel has shaped the intricate interplay between gold and the US dollar. Delving into the meticulous examination of gold's financial intricacies, my attention is laser-focused on identifying opportune moments for selling as the precious metal nears the trend line this week. In the event that price encounters resistance within the critical thresholds of 2050 to 2070, a calculated strategy emerges – a potential short position with a downside target of approximately 55 pips, bringing us to an anticipated 2003 level. The overarching strategy hinges on a discernible transformation in the higher time frames, acting as a precursor for potential long positions. In the strategic forecast, my outlook tends towards a bearish trajectory, unfolding gradually with each nuanced market development. Your active engagement in this financial analysis is pivotal. Appreciate your likes, comments, and shares as we navigate these nuanced market waters. Until the next data point emerges, see you on the analytical flip side! 🔄💹
OANDA:XAUUSDShort
by Districtfx
XAU/USD Shorts from 2052.000 or 2072.000 back downMy outlook for gold this week leans towards a potential retracement following its recent upward bullish momentum. I anticipate a temporary sell-off from the 15-hour supply zone I've identified, or a scenario where the equal highs gets taken and reaches the 4-hour supply zone above. Additionally, there's a trendline forming below, coupled with numerous untouched Asian lows. While this temporary bias diverges from my overall outlook, I'm particularly intrigued by the possibility of a significant buying opportunity around the 1990.000 level. Should the price not reach that point, I'll patiently await for a new, clear demand zone to consider as a potential buying opportunity. Confluences for Gold Sells are as follows: - Price swept liquidity and formed a 15-hour supply zone that's been unmitigated. - Nice trendline liquidity has been building below that needs to get taken. - Lots of Asian lows below as well as a daily demand that needs to be mitigated. - Price has been moving very bullish and is due for a pullback/retracement. P.S. Given that this is a counter-trend concept, I'll exercise extra caution and ensure that all my confirming factors align before proceeding. Additionally, I'll reduce my risk accordingly. The objective is to initiate sells aiming towards a better demand zone. HAVE A GREAT WEEK TRADERS!
OANDA:XAUUSDShort
by Hassan_fx
2
💬(What is your next target for gold)Technical analysis ✅ FXOPEN:XAUUSD TVC:DXY traders gold moving today USd Both data positive im seller and gold moving down 2010) What is next target for you experience)? My trade position selling zoon 2040+ 2020) Gold's fundamental analysis involves considering various factors that influence its value. Key elements include: Interest Rates: Gold and interest rates have an inverse relationship. When interest rates are low, gold becomes more attractive as it doesn't offer a yield. Conversely, higher rates may divert investors towards interest-bearing assets. Inflation: Gold is often viewed as a hedge against inflation. During periods of rising inflation, investors may turn to gold to preserve their wealth. Global Economic Conditions: Economic instability or geopolitical tensions can drive investors towards gold as a safe-haven asset. Central Bank Policies: Actions taken by central banks, such as buying or selling gold reserves, can impact gold prices. Currency Strength: Gold is priced in USD, so changes in the strength of the US dollar can influence gold prices. A weaker dollar typically boosts gold prices. Supply and Demand: Like any commodity, gold's price is influenced by supply and demand dynamics. Mining Costs: The cost of mining can influence the production levels and, consequently, the supply of gold in the market. Market Sentiment: Public perception and investor sentiment also play a role. Market sentiment can be influenced by news, economic reports, and overall market conditions. Remember, a comprehensive analysis should consider a combination of these factors, and it's crucial to stay updated on global economic trends and events that might impact the market.
FXOPEN:XAUUSDShort
by SMC-Trading-Point
3
Wipeout Possible for NFPLet me explain why I think this -for FOMC on Wednesday I expected a big buy as if the sell wanted to occur it would have (it neither bought or really sold) -the move for FOMC wasn't as aggressive as you would think from a news event (especially the first major one for the year) -(in yellow) this would have been the last high before the current highest high - sellers would have been interested here -(in red) the sellers from the yellow zone would have been taken out and buyers would have become induced on the break out -(in red) not long after that move the buyers would have also been taken out with the bear push after the fact -(blue square) price went into a heavy consolidation the last part of yesterday's trading day and to present (time of me typing this) -(in orange) sellers being induced at the high of that consolidation -(in turquoise) buyers being induced at the low of that consolidation -(in purple) we have NFP in about an hour (from me typing this) I expect due to the consolidation it makes sense to take out traders in both directions before continuing bullish Gold clearly is prioritizing bull momentum, as I would have mentioned if it wanted to sell it would - there were many times gold took out the sellers and made it safe for sells to occur, yet it didn't sell - why? As per usual - I do not trade news events so I will not be attempting to trade it, however I do love trying to analyze it (this is really engaging for me, if that isn't clear by now lol) I can type for hours and hours about what I see My system is actually very simple, at its core it is 3 simple questions I am attempting to answer 1. Who is interested? - Buyers and Sellers 2. Where are their stops? Below and above the areas of induction 3. Have those stops been taken out? No, which means I think a whipsaw is likely Downvote\don't Boost if you didn't read and didn't attempt to understand OR Upvote\Boost if you did read and did attempt to understand If you disagree, you can downvote but please leave a comment as to why you disagree, not doing so doesn't help either of us
OANDA:XAUUSDLong
by Brandon_evo4
1