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Goldtradingsetup

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
Gold down slightly for the first Monday of the week!The US Dollar is experiencing a minor setback from its two-month high against other major currencies due to the slow performance of US Treasury bond yields. Although the US Dollar is weakening, Gold price is still under pressure because of the potential risk of a US recession, even though the debt deal still needs to be approved by Congress. The recent decline in Gold price is also due to the expectation of a 25 basis points rate hike by the US Federal Reserve (Fed) in June. Market predictions indicate a 62% chance of a rate hike next month, up from 12% last week. Strong US economic data and the debt-ceiling extension could give the Fed room to continue its tightening cycle in June. The first Monday of the week, I still follow the downtrend of Gold . This decline will start around the price range 1953 -1958 And fall back to 193x or even 1925 in the future
TVC:GOLDShort
by DNA_TradingFX
9
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
XAUUSD Outlook 26/5/23. The bears are here! 📉Good evening gold gang, another amazing day catching the sells all the way to hell! Congrats. Looks like the bears are here to stay for a while .. price has closed beneath the high of february indicating some mid term downside, coupled with DXY strength making higher highs. I think the only think that will pump us up back into the 2000s is a world economic event .. but all charts pointing downward for the time being. Ok on to the outlook .. big push down today will require a small pull back, we may see this in asia .. buy zones are out of the way just in case to target that nice clean candle to the upside. Sells below the current structure and should be pretty straight forward there. Im already at my 200 pip target for the week so ill only be trading if there is a clear set up there for me using the classic strategy or the new 1 min strategy. Some lovely news coming up tomorrow with a bunch of folders there waiting for us to catch that sweet sweet volume. Lets see what we get!! thank you for over 900 followers!! please follow along if you're not already. My analysis is simple, but very accurate. Look back and see for yourself. Like and boost this post! TommyXAU
OANDA:XAUUSD
by tommyXAU
9
Gold 4hr TF Currently, the outlook for gold is positive, with a bullish trend. However, I anticipate a temporary pullback from 2045.26 - 2047.73. This presents an opportunity for me to consider buying positions before gold potentially reaches an all-time high. On the other hand, the US dollar has a bearish outlook, having broken and retested the channel. Furthermore, silver has broken and retested its channel and is currently on an upward trend. As expected, gold miners are also moving higher.
TVC:GOLDLong
by ChartStrategist
Gold 4hr TF Gold is currently displaying bullish behavior, but a correction is expected in the coming days, presenting a favorable chance to buy. If gold's value drops to approximately 2030 or 2013, it would provide an ideal opportunity to buy as these levels have confluences. Additionally, gold miners are also demonstrating bullish behavior, indicating a potential surge in gold. However, it is recommended to wait for reversals in both gold and silver before making any decisions on their next move.
TVC:GOLDLong
by ChartStrategist
Gold 4hr TF Gold presents a few Confluences for long positions upon retesting the decline trend line. My expectation is that gold will touch 2003.99 twice, which is where I plan to add another position. Regarding GDX "Gold miners," the fact that it only closed down -0.81% while gold closed -1.66% suggests that gold's sell-off will likely be brief, and the market should begin to turn bullish. Silver is currently reacting and retesting the upper band of the pattern, and I anticipate a bullish swing in the near future. I believe that once the Dow Jones breaks 12750 and an incline trend line from October 2021, gold will move into a bullish phase.
TVC:GOLDLong
by ChartStrategist
Gold 15m TF I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure. Currently, Gold has experienced an increase of 1.6%, indicating the need for a pullback before it can make further upward movements. Gold miners have only seen a marginal increase of 0.06%. As such, I am anticipating a reversal in gold's performance within my area of interest.
TVC:GOLDShort
by ChartStrategist
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 Weekly TF Gold's recent decline has brought it back within the established trading range. To confirm that this is merely a temporary break and subsequent retest of the range, it would be necessary for gold to close above the level of 1960. It should be noted that while an increase in the US debt limit alone may not directly trigger a rise in the price of gold, certain accompanying factors such as concerns about the country's fiscal health, economic instability, or a loss of confidence in the US dollar can make gold a more appealing investment. In such situations, investors may allocate more funds into gold, driving up its demand and potentially increasing its price. However, it's important to recognize that the price of gold is influenced by a multitude of factors, including global economic conditions, geopolitical events, interest rates, inflation, and investor sentiment. Consequently, while the US debt limit can be a relevant factor to consider, it is not the sole determinant of gold's price. Other factors and market dynamics play significant roles in shaping the value of this precious metal.
TVC:GOLDLong
by ChartStrategist
📉XAUUSD fake bullish scenario📈FOREXCOM:XAUUSD OANDA:XAUUSD Gold analytical series, Episode 10 Hello Traders, Gold can create a bullish view by starting a fake upward movement and continue the downward trend by falling below $1950 in the following days to the level of at least $1885. Optimum stop-loss for long positions: Under 1957$ Optimum stop-loss for short positions: above 2017$ Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
FOREXCOM:XAUUSDShort
by CrazyS
3
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
Gold shorting The 2000 line was supported twice, this time it was going to break.There are too many data profits to rush up, and the main force will take advantage of the data to put the bulls on top.2000 points have support. Everyone can see this. Let me talk about it here. 2000 points will be broken. Trading strategy: gold 2008 short, stop loss 2015, target 1980 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
5/11 Gold Trading Signals: Bears Friends, have a nice day, hope everyone can make a lot of money! In the gold 4h chart, the form is favorable for short positions, so in today's and tomorrow's transactions, try to focus on shorting at high positions, which can increase the probability of everyone's profit! Focus on resistance 2026-2032, support near 2016, and after falling below, the target is near 2003. I hope my suggestions can bring you some help and let you make money!
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
Gold continues to be short today Gold rose today, but the pattern of decline remains unchanged. Fluctuations in the trend market are the most normal thing, and sideways or fluctuations in the decline are all to gain momentum for breaking new lows again! Today we can continue to implement according to the principles and strategies, then hold and wait until the position is broken! Trading straregy: gold: sell @2020-2023 tp: 2010-2005 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
FOREXCOM:XAUUSDShort
by UnknownUnicorn55305588
1