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Analysis of gold price trend on ThursdayGold fluctuated in a narrow range in the Asian market on Thursday, currently around 2358. Gold prices rose by more than 1% on Wednesday, hitting a nearly two-week high of 2364 during the session, as recent US data showed a weak labor market, the Fed's meeting minutes were dovish, the market's bets on the Fed's September rate cut increased, and the US dollar index fell sharply to a nearly three-week low. In addition, the situation in the Middle East has become tense again, and the resulting safe-haven buying has pushed gold higher. Another report showed that the US service industry shrank last month, which also put pressure on the US dollar and benefited the gold price trend. The US ISM non-manufacturing index fell sharply to 48.8 in June, the lowest level since May 2020, indicating a contraction in the service industry. Currently, the market believes that the probability of the Federal Reserve cutting interest rates in September is 74%. This trading day is the US Independence Day holiday, the US market is closed, and the US economic data has been released in advance on Wednesday, and market trading volume may be limited. Investors now look forward to the NFP employment report released on Friday to further clarify the path of US interest rate cuts. It is not surprising that the center of gravity of the gold bottom consolidation range moves up to accumulate bullish momentum. Yesterday, we thought that the range divergence would continue to be maintained, but the price directly broke the expectation a little. The daily K line directly rose unilaterally and ended strongly at a high level. The price will continue to challenge the upper resistance. The bulls of large and small cycles are all in the same direction. Gold broke through the box and oscillated in 1 hour. Gold did not fall back quickly after the breakthrough. Gold has stabilized above the box. The decline of gold is an opportunity to go long. Gold fell back to the 2353 line in the US market last night to form support. Gold fell back to the 2353 support in the early trading and stabilized, so you can continue to go long. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2378-2380 short, stop loss 2389, target 2350-2360; Note: The above strategy was updated on July 4. This strategy is an Asian trading strategy, please pay attention to the validity period of the strategy. NY time strategy is waiting for update
OANDA:XAUUSDLong
by GenevieveJulia
Analysis of gold price trend on WednesdayIn the Asian market on Wednesday, spot gold fluctuated in a narrow range and is currently trading around 2335. Gold prices fluctuated slightly down 0.11% on Tuesday. Strong U.S. job vacancy data put pressure on gold prices, but Fed Chairman Powell's speech was dovish, and the dollar and U.S. bond yields fell, providing support for gold prices. Of course, international gold showed an overall volatile trend, and most investors began to wait for U.S. employment data later this week to provide more clues to interest rate cuts. The benchmark 10-year U.S. Treasury yield hit a one-month high on Monday and remained high on Tuesday, resulting in a decline in the attractiveness of non-yielding international gold prices. Market analysis The rise was caused by safe-haven demand driven by geopolitical and economic uncertainties and continued purchases by central banks (a critical demand category). Because July 4 is the U.S. Independence Day holiday, the market will be closed early on this trading day, which may slightly limit trading space, and investors need to pay attention. The minutes of the Federal Reserve meeting will be released on this trading day, and investors need to pay close attention to them. In addition, the U.S. ADP employment data for June, the U.S. ISM non-manufacturing PMI for June and the U.S. factory orders monthly rate for May will be released on this trading day, and investors need to pay attention to them. In addition, it is necessary to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Technical side Gold bulls and bears are in a fierce battle, and both bulls and bears have opportunities. Therefore, for intraday operations, on the one hand, pay attention to the continuation of the rectangular oscillation, and on the other hand, pay attention to the cycle of time. If gold does not perform strongly at 2337~2340, continue to look at the retracement and downward test of 2318. If it continues to fall and still gets support at 2318, then there is still a chance for a rebound test at 2338-39 in the European session. If the rectangular oscillation range is not broken, no matter it is falling or rising, do not chase it; mainly sell high and buy low! Asian trading strategy: Short-term gold 2319-2321 long, stop loss 2312, target 2335-2345; Short-term gold 2337-2339 short, stop loss 2348, target 2320-2310; Note: The above strategy was updated on July 3. This strategy is an Asian market strategy. Please pay attention to the validity period of the strategy release.
OANDA:XAUUSD
by GenevieveJulia
Gold short entry 2660.00 - 2365.00XAUUSD ( Update..! ) Intraday Sell setup short GOLD SELL LIMIT AT 2360.00 - 2365.00 TAKE PROFIT 1 : 2350 TAKE PROFIT 2 : 2340 TAKE PROFIT 3 : 2335 STOP LOSS 2374 When hitting targets ; Set Break-Even after first target. Partial close at minimum 40-50 pips. Implement minimum 2 layers in the zone Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital.
OANDA:XAUUSDShort
by chamitha45
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GOLD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
XAUGBP Bullish Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist XAUGBP Mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Stop Loss: Recent Swing Low using 4h timeframe Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday
OANDA:XAUGBPLong
by Thief_Trader
This time it is a decline. The gold price will test around 2300 MCX:GOLD1! COMEX:GC1! OANDA:XAUUSD NYMEX:WTI1! BINANCE:BTCUSDT BYBIT:BTCUSDT.P TVC:DXY NYMEX:MCL1! I believe many people still don't know how to trade gold. In fact, in terms of operation. The short-term pressure position of gold, 2332-2338, has always been a heavy pressure position. It is not difficult to see from the chart that the pressure is very high. Observe the overall trend. At present, gold is still showing a downward trend, and every sharp rise is based on major news. So what if there is no news support? We need to judge based on the trend and then make the right transaction. I think the gold price will continue to fall today. The current position is around 2330. It is a good selling point. I think the space below will test the low again. If you like to trade gold but don’t analyze the market or trade independently. You can refer to my instructions. This is just a signal. If you want to expand profits or recover losses in a long-term and stable manner. Join the guidance class. You will have different gains. Stay tuned.
TVC:GOLDShort
by NelsonPenn
Analysis of gold price trend on TuesdaySpot gold is currently trading around 2330 in early Asian trading on Tuesday. Gold prices rose 0.23% on Monday, and the US June ISM manufacturing PMI data was worse than market expectations, which also provided upward momentum for gold. The market focus turned to the US NFP data to be released later this week, which may provide more clues for the Fed's interest rate cut. U.S. manufacturing shrank for the third straight month in June, and a measure of factory input prices fell to a six-month low due to weak demand for goods, suggesting that inflation may continue to recede. This week, the market focuses on a speech by Federal Reserve Chairman Powell on Tuesday, the minutes of the central bank's latest policy meeting on Wednesday, and U.S. non-farm payrolls on Friday. U.S. markets will be closed on Thursday. Powell is likely to stick to his data-dependent stance, so gold prices could rise again if U.S. NFP data is weak later this week. The market currently expects a 64% chance of a rate cut by the Federal Reserve in September and another in December. Lower interest rates can reduce the cost of holding gold. In addition, geopolitical concerns and concerns about the uncertainty of the French election situation also provide some support for gold prices. The battle between long and short gold is hard to separate, and both long and short gold have opportunities. Yesterday, the gold price continued to pull around the 2320/2340 range repeatedly, and the daily line rose slightly, continuing to close around the long and short red and green alternately. The technical short-term four-hour chart and hourly chart are not very weak. The price basically maintains the upper and middle track of the Bollinger band and continues to adjust. The RSI indicator continues to run above the middle axis. The technical side continues to maintain the range operation and fluctuate. Before breaking the range, keep the idea of ​​selling high and buying low to participate. Asian trading strategy: Short-term gold 2318-2320 long, stop loss 2311, target 2335-2345; Short-term gold 2338-2340 short, stop loss 2349, target 2320-2310;
OANDA:XAUUSDShort
by GenevieveJulia
Transaction entry passed My market review. USD: - The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED). - If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates. - In addition, if JOLTs data is weaker than expected and Mr. Powell is concerned about the economy, the USD may decline due to expectations of loose monetary policy. . World gold price: - Gold prices often fluctuate due in part to the impact of the USD and are considered a safe asset amid economic concerns. - If the statements of Mr. Powell and Ms. Lagarde show concerns about the economic situation, gold prices may increase as investors look for safe assets. - However, if the market is optimistic about the economy and expects higher interest rates, gold prices may come under downward pressure.
TVC:GOLDShort
by Chart_MasterPro
GOLD SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
TVC:GOLDShort
by TheGrove
1
Taurus will continue to lead gold higher. tp2216 From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low. Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference. Buy gold at the price of 2206-2207 and hold it until it rises. sl2198 tp2166 Related Products TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
TVC:GOLDLong
by AA_Jack
2
Gold prices remain bullish. Available to buy now Gold prices in Asia were flat. No news about assists yet The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce. Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue. Today’s trading target remains at 2186-2190. Mainly buy low. Radical friends can do so at a location near 2177. Friends who don’t want to take risks can proceed below 2175 Control risk when trading.
TVC:GOLDLong
by AA_Jack
1
XAU/USD 09 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line. Price is currently reacting at premium of EQ of the internal structure where it is expected the strong high will hold. Intraday expectation : From a bearish structural perspective price to target weak internal low. H4 Chart: M15 Analysis: Analysis/Bias remains the same as yesterdays analysis dated 08 May 2023 -> Swing: Bullish. -> Internal: Bullish. Price has printed a printed a bullish iBOS Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase. Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high. However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation. Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy. As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
EIGHTCAP:XAUUSD
by darcsherry
1
XAUUSD: 24/4 Today’s Analysis and StrategySpot gold technical analysis Daily resistance is 2350, support below is 2320-2300 Four-hour resistance is 2334-64, square support is 2320-2300 Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of sharp rise. Gold began its two-day decline. Although yesterday's decline was completely swallowed up by the US market, it also allowed the market to see the willingness of short sellers to attack. The current key pressure and watershed above gold remains at yesterday's high point of 2335. This position will also serve as an important suppression in the short term. If gold continues to fall in the later period, the withdrawal amplitude should not exceed this position. At most, it will only form a certain false puncture effect. Judging from the current trend, the top will focus on the 2335 line for short-term suppression, and the bottom will focus on the 2320-2300 line for short-term support. In terms of operation, it will be short on the rebound. If the price does not break 2320, rely on the 20 position to go long, and keep trading with the trend. BUY:2318-2023 SEL:2330-2335 SELL:2309-2013 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
2
Gold trading strategies continue to be bearish Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315. If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above $2,343.00. Spot gold closed slightly down 0.2% on Tuesday at $2,322.03. Gold prices closed below $2,325.90 per ounce yesterday, which makes the corrective bearish trend still valid for some time to come. Currently waiting for gold prices to fall towards the next correction target of $2,280 per ounce. The stochastic indicator is currently sending a clear negative signal, which supports the return of gold prices to the expected decline. Additionally, the 50-period exponential moving average (EMA) is creating bearish pressure. It should be pointed out that if gold prices break through $2343.00, this will stop the bearish correction and push gold prices back to the main bullish trajectory. Gold prices today will be between the support level of $2,295.00 and the resistance level of $2,335.00. The expected trend for gold prices today is bearish. Trading idea: Trade short gold after the rebound I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDShort
by Gold_Digger_King
Correct gold trading advice, winning is not about confusion friends The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges? In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit. If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all. Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend! Correct gold trading advice, winning is not about confusion friends The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges? In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit. If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all. Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend! I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
OANDA:XAUUSDShort
by Gold_Digger_King