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Goldtradingsetup

Gold tumbles: Eyes on UK inflation next Gold tumbles: Eyes on UK inflation next The new numbers are in: Current market sentiment suggests a 79% chance in June and an even stronger expectation of a 92% chance for a cut in July. The unexpectedly high US inflation figures have led to a reassessment of when the Federal Reserve might implement its initial rate cut. The US dollar surged on this news, with the USD/CAD hitting a multi-month high, and the EUR/USD hitting multi-month low. Gold dropped below the $2,000 mark, significantly trailing all its moving averages. The 7-day SMA accelerated its descent below the longer ones, reaching around $2,010. On the 4-hour chart, technical indicators indicate a possible stabilization in oversold territory, signaling a potential exhaustion in the downward movement. This perhaps suggests a likelihood of consolidation before the next significant directional shift. The release of UK inflation data tomorrow might serve as the next catalyst for market movements. Consumer prices are anticipated to decline by 0.3% on a month-over-month basis, with the annual inflation rate expected to increase for the second consecutive month, reaching 4.2%.
BLACKBULL:XAUUSD
by BlackBull_Markets
GOLD 1H ROUTE MAP & TRADING PLAN UPDATEHey Everyone, We hit the ground running with our first open target at 2027 HIT. Ema5 then failed to cross and lock above the 2027 weighted level confirming the rejection into the retracement range, also hitting both bearish targets at 2020 and 2016. EMA5 crossed and locked below 2020 opening the swing range. We got the push down into the swing range but didn't quite complete the full swing range target but gave the swing back into 2020 perfectly inline with our plans to buy dips. We will now look for ema5 to cross and lock above 2020 to open the re-test at 2027. Failure to break this range will see another dip keeping in mind the swing range levels for the bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2027 - DONE EMA5 CROSS AND LOCK ABOVE 2027 WILL OPEN THE FOLLOWING BULLISH TARGET 2032 2037 EMA5 CROSS AND LOCK ABOVE 2037 WILL OPEN THE FOLLOWING BULLISH TARGET 2040 2044 POTENTIALLY 2048 BEARISH TARGETS 2020 - DONE 2016 - DONE EMA5 CROSS AND LOCK BELOW 2020 WILL OPEN THE SWING RANGE SWING RANGE 2010 - 2007 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX Mr Gold
OANDA:XAUUSD
by Goldviewfx
4
Gold meets resistance, 2039SellThe market rebound is just a rebound, definitely not a reversal, especially the daily trend, the K-line is big short, the rebound is just an adjustment, and it will inevitably fall sharply. The support level below the K-line is obviously around 2015, and even breaks through 2000 points. Everything is inevitable. Radicals are directly short at 2035, and the resistance above is at the 2050 line. If we hold this bottom line, we are Stud short. The daily level is short, and it is also an obvious head and shoulders top pattern. After the positive line rebounds, the big negative line directly breaks through and goes downwards. This is a trick of the banker. I have already seen that gold will inevitably reach around 2015 during the day. Trading strategy: Gold 2039 short, target 2015
OANDA:XAUUSDShort
by Golden-Strategy-Master
Gold’s rise is weak, 2028SellThe trend chart at the daily level is still in a short position. We adjust Sell in time. The two big negative lines on the daily line directly block the road, and the K-line rebound is also weak. Of course, the daily level is also in the form of a head and shoulders. We continue to target 2009. first line The market obviously still lacks momentum. This kind of rebound has broken down when the big negative line near 2030 has been swallowed downward. The 50 moving average is also running in the country. The rebound is empty, and you are ready to plummet. Trading strategy: Gold is short in 2028, target is 2009
OANDA:XAUUSDShort
by Golden-Strategy-Master
1
XAUUSD: 5/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2053-40, support below 2020-2000 Four-hour pressure 2029, support below 2020 One-hour pressure is 2030, support below is 2012 Operational suggestions: Gold opened weak today, and the willingness to fluctuate in the range in the near future is relatively serious. It is very likely that it will remain in the range. For us, it is better to continue to fluctuate and operate with a bearish approach. SELL:near 2050 SELL:near 2040 SELL:near 2020
OANDA:XAUUSD
by ActuaryJ
XAU/USD 06 Feb 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Expectation remains as H4 analysis dated 05/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. -> Sub-Internal: Bullish. -> Has reached EQ. Following swing BOS price very aggressively pushed to the upside. Price has printed a bullish iBOS where we are now in the pullback phase. Sub-structure to internal structure, which is marked in red has now printed a bullish iiBOS. Intraday expectation is for price to target weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold price encounters resistance, current price is 2056SellThe price of gold is still in a volatile trend. Yesterday, it fell rapidly to the support of the trend line. Although the trend line was broken, it was in fact an inertia break and was not effective. The subsequent rapid rise has caused the gold price to return to the volatile range again, and we also made a very good profit by buying at 2032 yesterday. It is currently in the upper range of the volatility, so we can sell it at the current price of 2056! From a technical point of view, the current negative line of the one-hour K-line is reversed, and the short-term trend is weak. The support of the bottom moving average and the trend line deviates too much from the gold price. In the short-term, the gold price has a need to fall back. The short-selling trend reaches the bottom of 2040 and then the trend line support is reached. Make further layout! Specific strategy: Gold 2056Sell, target 2042-2040 Good luck to everyone
OANDA:XAUUSDShort
by Golden-Strategy-Master
Buy gold at current price in 2032 and wait for the riseThe Federal Reserve's interest rate decision early last night triggered violent fluctuations in the gold market. The price of gold showed a wide range of fluctuations. The lowest reached the support level of the 2030 trend line and stabilized. The current upward trend remains intact, and the bulls are still in the advantageous stage, so I think You can buy, and the intraday target will continue to be towards last night’s high point of 2053! Technical analysis shows that gold prices are still in a volatile and rising pattern, with lows rising and highs setting new highs! At present, the moving average golden cross continues to run. Under the influence of the double support of the bottom trend line and the moving average, the gold price obviously cannot fall. After a slight adjustment within the day, it will rise again! Specific strategy: Gold 2032Buy, TP1:2048, TP2:2053 Good luck to everyone
OANDA:XAUUSDLong
by Golden-Strategy-Master
XAUUSD: 1/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2040-2053, lower support 2000-1966 Four-hour pressure is 2053, support below is 2033 One-hour pressure is 2053, support below is 2033 Operational suggestions: Judging from the daily trend, today's upper pressure will continue to focus on the 2050-2055 area where the US market opened yesterday, and the lower support will focus on 2029-33. Overall, rely on this range to sell high and buy low. Cyclic participation will continue to see shocks, and the middle position Always look more and move less. Pay attention to the 2053 long and short dividing line SELL:near 2053 SELL:near 2040 SELL:near 2020 BUY:near 2053
OANDA:XAUUSD
by ActuaryJ
Today continues at 2038SellThe four-hour gold line is an obvious bearish engulfment. The big negative line entity directly covers the rebound range of the positive line. Especially overnight, the gold bulls once rushed to the 2048 line, and a big negative line covered it all. This is the strength of the short sellers, and the K-line is bound to return. Moving average, this is a matter of course, the K-line rebound is to accelerate the downward trend Trading Strategy: Gold 2038Sell, Target 2022
OANDA:XAUUSDShort
by Golden-Strategy-Master
1
XAUUSD: 30/1 Today’s Analysis and Trading StrategyDaily pressure 2040-2053, lower support 2000-1966 Four-hour pressure is 2040, support below is 2020 One-hour pressure is 2040, support below is 2032 Operational suggestions: Although bulls currently have an upward trend, they still encounter resistance after all and have not achieved substantial results. The upper pressure in the short term remains at 2040-43, which is also a key point during the day. The support below will remain at the integer level of 2000. If the daily level is above 2040, the bulls are strong but it does not mean that the bulls will break out. Above the 2053 mark, the market will turn bullish. SELL:near 2050 SELL:near 2040 SELL:near 2020 BUY:near 2000 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
1
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between support 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level. We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range. A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2022 EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET 2033 EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET 2047 2055 BEARISH TARGETS 2014 EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE 2006 EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE SWING RANGE 1992 - 1979 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX Mr Gold
OANDA:XAUUSD
by Goldviewfx
8
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis. GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
5