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XAUUSD: pay attention to the trend range 1910~1940As far as today's market is concerned, looking directly at the picture, the current upper pressure level is gradually lowering, and the short-term focus is around 1930. If it breaks through 1930, then rebound and continue to focus on the 1940 area. With a lower weekly close, we're leaning toward another bottom this week. Therefore, in terms of operation, today it is recommended that gold rely on the two pressures of 1930 and 1940 to see the market and continue to short rallies, with the target around 1910! ! ! The market will focus on the initial monthly rate of US durable goods orders in May, which will be released later. The current market expectation is -1.0%. If it meets expectations, it will be the worst performance in the past three months. This expectation tends to support gold prices. However, the hawkish stance of most central banks around the world and the need to raise interest rates further may limit the room for gold's rebound. In addition, this trading day also needs to pay attention to the seasonally adjusted annualized total new home sales in May in the United States, the Consumer Confidence Index of the Conference Board in June in the United States, the CPI data in May in Canada, and pay attention to the speeches of central bank officials such as the Bank of England, the European Central Bank and the Bank of Canada. The trading signal SELL1929-1932 during the Asian session made a profit of 50 points, and it has already made a profit in advance today
OANDA:XAUUSDShort
by ActuaryJ
2
Gold continues to fall after rallyGold's current upper moving average suppression point is around 1913-15. At present, we still need to pay attention to 1913-15. As long as we can't stand above 1915, then gold will come down again. However, once you stand above 1915, you should be careful that gold may test the moving average position of 1925-30. On the contrary, if we cannot stand firmly on 1913-15, then we can rely on this to enter the market and sell short. First of all, look at the 1900 mark below. Once it falls below 1900 again, you can see 1880 here. Yesterday we scalped and traded first short positions and then long positions. The total profit of the day reached 30% Today's profit target is 50%+ Today's first gold trading signal has been updated, contact me to get If you didn't keep up with me yesterday, there's still time today
OANDA:XAUUSDShort
by K-linesound
GOLD 23/6 $$ CORRUPTION OF PRICES ABOUT $1910The US Dollar's moderate strength is playing a role in limiting the rise of XAU/USD. Additionally, Federal Reserve Chair Jerome Powell, in his recent two-day testimony, emphasized that the central bank will likely increase interest rates later this year, but in a cautious manner, to address persistent high inflation. Powell also stated that rate cuts are not expected in the near future and the Fed will wait until it is confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields surged overnight, providing some support for the US Dollar and potentially further curbing the price of Gold denominated in US Dollars. Gold price is approaching the lowest price in 2 months around $1910. The buying force at this time is not large, the downtrend is still dominant SET up GOLD zone at: BUY GOLD zone: $1903 - $1900 SL 1890 Based on the EMA 34 , EMA 89 shows no signs of reversal yet
OANDA:XAUUSDLong
by DNA_TradingFX
22
XAUUSD: Still short today! 1945 focuses onIf gold rebounds first within the day and sees around 45, it can be shorted, and the target below is around 25-15 Gold started to fall in the early days of the U.S. market yesterday, and the price of gold directly returned to the previous low of around 30. This position will continue to test the short-term support effect of the bulls However, from the current point of view, the bears continue to fall, and the decline in this form is the energy accumulated after a long period of sideways trading, so the continuity in the later stage is strong, and the possibility of a second dip can basically be ruled out, while the bottom below The support will continue to be maintained at the 30 line, which is also the low point formed temporarily yesterday, and the decline in the US market yesterday directly opened up the daily line pattern completely, and the short- and medium-term moving averages began to suppress, forming a situation that is beneficial to bears. The upper pressure will also be maintained around the position of the short-term moving average at 45, which can also be used as one of the positions for the near-term top-to-bottom transition
TVC:GOLDShort
by ActuaryJ
XAUUSD: sell high and buy low, look at 1951 in the dayOn the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls. The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view is 1941 US dollars. However, due to the fact that the US market is closed, the market transaction is light. Investors continued to assess the future path of interest rates following hawkish comments from Fed policymakers. Matt Simpson, senior market analyst at City Index, said: "Gold has spent most of June between $1,935 and $1,970, and with no obvious catalysts emerging, traders are more willing to trade within the range, not entirely. Hope to break out of the range." Gold prices edged lower last week as traders ramped up bets on a July rate hike after a hawkish Federal Reserve paused after 10 straight rate hikes. Traders are currently pricing in about a 72 percent chance of a rate hike in July, according to the CME's "FedWatch" tool. Christopher Wong, FX Strategist at OCBC Bank, said: "Historically, gold prices have probably outperformed at the end of a Fed tightening cycle. While the opportunity cost of holding gold has risen, we see lower real yields at some stage. It shouldn't be too long, and that could support gold prices." Investors are now waiting for Federal Reserve Chairman Powell's testimony before Congress on Wednesday (June 21) and Thursday (June 22) for further clues about the future path of the Fed's interest rate.
TVC:GOLDShort
by ActuaryJ
Gold trading recommendations today The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again! After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band! Trading straregy: gold: sell@1960-1955 tp1:1950 tp2:1940 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 Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend. It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark. However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market. As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955. Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
TVC:GOLDShort
by DNA_TradingFX
13
Today's PPI - Bulls are extremely scaredThe recent decision by the Fed to pause on future rate hikes is good news for gold. However, there are concerns that the yellow metal could face increased pressure as this move may push risk appetite up. Some analysts have warned that the Fed may still raise rates later in the day due to US inflation being far above the central bank's 2% target. Despite slipping below the 2 EMAs of the uptrend, gold remains stuck between key breakout support and resistance levels of 1935 and 1980. The Fed's actions could have a significant impact on the US dollar's value and, in turn, affect gold's performance. Currently, gold is moving below the bearish band in all trading frames, and its decline may only stop if there is more positive news or if the price resistance at 1918 - $ 1900 is reached. Today's target for gold traders should be to keep an eye on the 1955 zone, as the downtrend may continue around this price level.
TVC:GOLDShort
by DNA_TradingFX
17
XAUUSD: wait for the rebound opportunity to shortThe U.S. market has officially opened. With the opening of the U.S. market, gold also rebounded near the 1 9 5 2 position in the short term. The rebound was not in place, and we continued to wait and see with short positions. The current market trend is rising due to the impact of data values ​​in the short term. , but do not consider chasing long, more is to wait for the opportunity to short, to see if gold will give the opportunity later.
TVC:GOLDShort
by ActuaryJ
1
Gold Analysis - Strong Support Holding and Potential for UpsideThe following analysis represents my personal opinion, and any trades executed based on this chart are solely your responsibility. Hello Hello Hello traders - In the world of gold trading, the support level between 1931 and 1939 remains robust, with the stop loss set at 1930. Despite a barrage of news impacting the market in recent weeks, the steadfast support at 1930 continues to hold firm. A prolonged period of consolidation has characterized the market in recent weeks, setting the stage for an imminent major move. Current market conditions suggest a preference for a long-term uptrend in the daily time frame, indicating the potential for gold to breach the 2000 level and potentially move even higher in the near future. Please remember that any trades executed based on this analysis are at your own discretion and risk. Make sure to conduct thorough research and seek professional advice before making any investment/trading decisions. Happy Trading
FX:XAUUSDLong
by FOLLOW_PIPS
2
CPI forecast with mixed opinionsRecently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices. Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current monetary tightening cycle comes to a close. Gold is currently selling at $196.20, which is the 23.6% Fibonacci retracement level of its most recent daily drop. This indicates a potential downside risk and suggests that the lows of $1932.00 may be tested monthly in May. The daily chart reveals that gold is positioned below the bearish 34 and 89 EMAs, with its slope extending below the aforementioned Fibonacci level.
TVC:GOLDShort
by DNA_TradingFX
12
Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday. However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve. The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term. However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
TVC:GOLDLong
by DNA_TradingFX
17
Gold advice for next week Gold fluctuated back and forth this week, and next week will be long and then short This week, gold has been ups and downs for a few days, and then the backhand empty rhythm is completely correct. Gold did not fall rapidly again on Friday. Gold began to have support at the 1956 line, and the shock ended. I believe that for many friends, this period of time is either on the road of chasing ups and downs, or going back and forth on a roller coaster, which is really uncomfortable. If we don’t fall in love with the past, then we should focus on the next market. How should we operate next week? The triple top structure of the golden weekly line is still there, so it is still necessary to short rallies in the big cycle, but now gold is more than 100 US dollars away from the top, so it is normal to have a wave of rebound. Trading strategy for next week: gold: sell@1967 tp1:1957 tp2:1952 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
Follow me: Attention! Gold continues to be bullish today! ! !The closing price of gold yesterday was 1965, and the daily chart formed a saturated Yang line, indicating that the market is still relatively strong. Then in the afternoon, the lowest level on the disk was back to 1961, and it is often difficult for a strong market to fall below this point. If there is an unexpected retracement, then focus on around 1950, which is the 61.8% position of the golden section from 1937-1970. So the direction of operation : today it is recommended to continue buying above 1960, with a stop loss of 1950~1955. If there is a loss, then step back to 1950 and continue to buy, and the target position continues to look at 1975-1980
TVC:GOLDLong
by ActuaryJ
1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth. This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle. The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause. In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
TVC:GOLDShort
by DNA_TradingFX
11