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XAUUSD:Trading advice for the day Market news said that the dollar job vacancies unexpectedly increased and layoffs decreased, the relevant speech of Fed vice chairman nominee Jefferson caused the market to sharply reduce expectations of the Fed's interest rate hike in June, the dollar index rally was blocked, and the US bond yield extended its decline, providing support for gold prices. It should be reminded that the market is still paying attention to the development of the US debt ceiling issue, and the US House of Representatives voted to pass the debt ceiling bill on Wednesday; This will weigh on the market's risk aversion, slightly biased towards the bearish gold price. Once passed, the House of Representatives will send the bill to the Senate for a vote, which is expected to complete the vote by June 5. Bulls may still be wary of Friday's non-farm payrolls. Gold prices did not continue to be strong, but volatile slow fall, after all, tomorrow is the release of non-farm data, the market is expected to be range-bound first, so the day is not optimistic to continue unilateral rise, but to see range fluctuations! If you want detailed advice, you can follow me, and I will continue to share it on the channel.
FX:XAUUSD
by UnknownUnicorn55305536
3
Gold trading recommendations today The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of gold was suppressed by the daily pressure level yesterday, and it plummeted by 15 US dollars in a straight line, which shows the great pressure. Trading straregy: gold: sell@1962 tp1:1952 Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down. As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year. Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range. However, if the price returns to the 1950-1945 zone first, I will set up a buy order here At the moment, all signals are in favor of gold's uptrend
TVC:GOLDLong
by DNA_TradingFX
18
XAUUSD - 1975 needs to be re-examined The US Dollar Index (DXY) experienced a drop from its 10-week high and fell to an intraday low of 104.00. Despite this, the US 10-year Treasury yields remain low, around 3.68% at present, while the two-year counterpart also remains low near 4.45% after a 12-day uptrend. It's worth noting that recent data in the US hasn't supported the Federal Reserve's hawkish bets, leading to a rally in XAU/USD. However, Richmond Fed President Thomas Barkin believes that rate hikes are limiting demand. As such, the 1975 area needs to be re-examined, and my first target is to place a buy order around 1950.
TVC:GOLDLong
by DNA_TradingFX
10
GOLD: The influence of USDUS Dollar eases from recent peaks near 104.40 If the Federal Reserve meeting were to take place today, it is likely that the interest rates would remain unchanged due to the current uncertainty surrounding banks. However, the markets can change significantly within a week. If the upcoming weekend remains peaceful with no urgent need to rescue any banks, there is a high likelihood of a 25 basis points increase in the rates. The Federal Reserve continues to hike rates until it hits a roadblock. In case that obstacle is only Silicon Valley Bank (SVB), the persistently high inflation rates may lead to further hikes. This, in turn, would strengthen the US Dollar and eventually result in a decline in stocks once the initial relief rally wears off due to a lack of new bank failures.
TVC:GOLDShort
by Sphyn-Trader
2
XAUUSD: Trading strategy for next week It has been two consecutive weeks of trading signals 100% correct, I believe that friends who keep up with my strategy are all profitable, next week I personally expect gold to have a rise in 1940, if there are long trapped friends must not miss this opportunity, the overall trend is still down, upper resistance in 1960. Personal operating strategy: 1935-1940 long, target 1950-1960 Next, I will publish more accurate trading signals, continue to lead friends to obtain greater profits, and also take you to learn more trading skills!
FOREXCOM:XAUUSDLong
by DaveBrice_
15
GOLD: Stalls on the offer after FOMC minutesFOMC minutes, key notes Some participants commented that additional policy firming would likely be warranted at future meetings. Some participants stressed it was crucial that policy that the statement not signal the likelihood of rate cuts this year or rule out further hikes. Fed staff continue to forecast mild recession starting later this year, followed by a modestly-paced recovery. Several participants said if the economy evolved along lines of their outlooks, further policy firming might not be needed. Participants generally agreed that the extent to which further interest rate hikes may be appropriate had become less certain. Many participants focused on need to retain optionality after May meeting. Participants judged that the banking sector stress would likely weigh on economic activity but to an uncertain extent. Participants agreed that inflation was unacceptably high, and are declining slower than they had expected. Some participants noted concerns that the Federal debt limit may not be raised in a timely manner, threatening significant financial system disruptions, and tighter financial conditions.
TVC:GOLDShort
by Sphyn-Trader
4
Gold transaction analysis Spot gold prices peaked in 1985 and fell below 1956. The remarks of Federal Reserve officials and the stalemate in the US debt ceiling negotiations caused the US dollar and US bond yields to continue to strengthen, which affected the decline of gold.At present, the dollar index remains stable and has been near 104; gold is currently near 1960-1965. It should be noted that the minutes of the Fed's meeting in the early hours of this morning still have their own views on raising interest rates, emphasizing the need to look at the data, and there are several relatively important data releases in the last two days of this week. Especially GDP data and PCE, if these data perform well, there is a high probability that the Fed will increase its expectations of raising interest rates in June. At the same time, Fed officials have emphasized that even relying on data is unlikely to cut interest rates, so overall, gold prices may continue to fall for some time to come. gold:sell@1965-1970 tp1956-1950 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
XAUUSD:Message surface U.S. Treasury Secretary Janet Yellen insisted on Wednesday that early June was the deadline for defaulting on the debt ceiling and said she would update Congress soon on the administration's finances. It's hard to say exactly when the U.S. government will run out of resources, and the White House's negotiations to raise the debt ceiling are currently "making modest progress." Fed officials "generally agree" that the need for further rate hikes "has become less certain," with some saying the 25 basis point hike they approved could be the last hike in the cycle. Other policymakers warn that the Fed needs to maintain its options given the risks to persistent inflation, which is currently more than double the Fed's 2% target. This increases expectations that the Fed may pause aggressive rate hikes at its upcoming June 13-14 meeting. Investors need to pay close attention to further news of the debt ceiling negotiations in the near future, in addition, they need to pay attention to the change in the number of US jobless claims, pay attention to the revision of the US GDP series for the first quarter, continue to pay attention to the speech of Fed officials, and watch for the change in market expectations for the US PCE data for April, which will be released on Friday. Gold is still in a downtrend, pay attention to whether 1950 will break through, today's trading strategy is to go short when it rises. As long as you keep up with my signal, you can make more money
FX:XAUUSDShort
by UnknownUnicorn55305536
Gold transaction analysis Gold has been oscillating between 1983 and 1969 yesterday. Due to the strong rise on Friday, it has given enough operating points for short-term trading, so in yesterday's trading ideas, it is clear that there will be many high-level short-selling trading opportunities, but the overall trend of gold has fallen below the key support level of 1970, which is close to the lowest position of the previous cycle. Here we need to note that the current important support level for short-term trading is 1950, and the trading opportunities are mainly between 1950-1955. We should try to buy at a low position. If the position is not suitable, we can choose to wait patiently for a better buying opportunity. Today's gold trading strategy: gold:buy@1950-1954 tp1964-1968 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDLong
by UnknownUnicorn55305588
Today's gold takes profit and leaves the market The trading signal provided to you today is sell@1980-1985 tp1975-1970 I am very happy to be able to take a profit and leave the market with my friends. We successfully analyzed that gold will fluctuate between 1970 and 1985 today. Overall, the current gold market has always been a downward trend. We accurately captured the highest point of gold today, 1982, and then went short near 1982, took a profit near 1970, and successfully reaped a very good profit. The current golden point is near 1974, which may not be a particularly suitable buying point. We need to wait patiently and look for better trading opportunities. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:XAUUSDShort
by UnknownUnicorn55305588
XAU/USD Sees Modest Upside Amid US Debt Ceiling ConcernsThe XAU/USD pair shows a potential buying opportunity as Gold price receives support from various factors, including US debt ceiling concerns and Powell's less hawkish remarks. However, it's essential to stay informed about market developments and adjust the trade plan accordingly. TRADE IDEA DETAILS CURRENCY PAIR: XAU/USD (Gold/US Dollar) CURRENT TREND: Sideways with a slight bullish bias TRADE SIGNAL: Buy Signal 👉ENTRY PRICE: $1,984-$1,985 ✅TAKE PROFIT: $2,011-$2,012 ❌STOP LOSS: Below $1,950 The analysis suggests a potential buy signal for the XAU/USD currency pair. Here's the breakdown: 1. Gold price is currently trading within a narrow range and influenced by various factors. 2. The US Dollar has experienced a modest intraday uptick, which acts as a headwind for the XAU/USD. 3. Despite the US Dollar strength, Gold's downside is cushioned by looming recession risks and concerns about the US debt ceiling. 4. Federal Reserve Chair Jerome Powell's less hawkish remarks provide support to Gold price. 5. Technical analysis indicates that a sustained strength above the $1,984-$1,985 region could lift the price towards $2,000 and beyond. 6. The immediate support level is around $1,950, with the 100-day Simple Moving Average (SMA) acting as the next support around $1,930. TRADE PLAN: Based on the analysis, the trade plan is as follows: 1. Enter a long position (buy) if the price breaks above the $1,984-$1,985 resistance level. 2. Set the take profit level at $2,011-$2,012, which represents the next relevant hurdle. 3. Place the stop loss below the $1,950 support level to limit potential losses. 4. Implement proper risk management techniques, ensuring a risk-to-reward ratio of at least 1:2. 5. Monitor the trade closely, considering key events such as the meeting between President Joe Biden and House Republican Speaker Kevin McCarthy and the release of US PMI prints and FOMC meeting minutes. #GoldPriceForecast #XAUUSD #USDebtCeiling #FederalReserve #MarketAnalysis
OANDA:XAUUSDLong
by RichDadph-FX
Analysis of today's gold trading As I analyzed yesterday, I have been giving everyone confidence from 1950 to 1955. First of all, congratulations to my friends, who have gained a good profit so far. At the same time, today is still Friday. The market in the last two months has basically fallen on Friday, but from the current overall point of view, gold has fallen below 1970 yesterday, and there is not a lot of room for decline, so the market is likely to rise again. We must seize a more accurate buying opportunity. It should be noted that Friday is not a good trading date, and friends who reap profits should also close their orders in time. Today's gold trading strategy: gold:buy@1960-1962 tp1970-1975 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
OANDA:XAUUSDLong
by UnknownUnicorn55305588
Gold is about to reboundNews side: International gold closed down sharply on Thursday (May 18), with an opening price of $1980.18/oz, a highest price of $1985.78/oz, a lowest price of $1951.79/oz, and a closing price of $1955.85/oz. News side: The monthly rate of leading indicators of the U.S. Conference Board in April released on Thursday recorded -0.6%, in line with market expectations, and the previous value was -1.2%. The market expected 254,000, and the previous value was 264,000. According to the commentary, following the "falsely" inflated data in the previous weeks, the number of people filing for unemployment benefits in the United States hit the largest drop since 2021. Initial claims for state unemployment benefits fell by 22,000 to 242,000 in the week ended May 13, according to data released by the Labor Department on Thursday. Continuing claims fell slightly to 1.8 million in the week ended May 6. Some economists have been wary of drawing strong conclusions from the data amid reports that fraudulent filings are behind the recent trend in jobless claims. Massachusetts accounted for nearly half of the national increase in unadjusted applications for the week ended May 6, which state officials said was largely due to fraud. Fed official James Bullard said concerns about the impact of banking stress had been "overemphasized." He would keep an "open mind" about his next policy meeting in June, but signaled he was inclined to support another rate hike. Focus on today: 14:00 German April PPI monthly rate 20:30 Canadian retail sales monthly rate in March 20:45 Fed Williams delivers a speech 21:00 Federal Reserve Board Governor Bowman participated in the session 23:00 Federal Reserve Chairman Powell attends the discussion At 03:00 the next day, European Central Bank President Lagarde attends a group meeting Gold aspect: Gold continues to break new lows, and the daily support has been broken! There is only one result of such a trend, continue to break down! The support below is the previous support area of 1930-20! Short, the rebound in early trading relies on the pressure of 1970 to continue to short! The trend is down, the most important thing is to follow! Although the market moves slowly, but in the right direction, profits are within reach! In just three days, gold has fallen by $70! The trending market is the profitable market, you must seize it! Today's Asian-European gold is estimated to fluctuate and adjust first, and then continue to decline after a break! The recent market is concentrated in the U.S. market, so after the intraday rebound encounters resistance, find the right opportunity to go short and wait for the U.S. market to break out! specific strategy Gold 1970-1972 empty, stop loss 1978, take profit 1930.           The above suggestions are for reference only, investment is risky, and operations need to be cautious Detailed Free Signal View My Profile Signature
FOREXCOM:XAUUSDLong
by Prometheusinfinance
1