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Goldtrend

Bulls take advantage of the momentum to counterattack, but the r Wednesday's open continued Tuesday's downward trend. After the European market fluctuated and rose, the U.S. market, under the influence of a series of positive economic data, coupled with the impact of the Federal Reserve's decision and Powell's speech, the gold price rose sharply to the $2,326 line, and then turned positive. The number of U.S. ADP jobs, known as "small non-agricultural employment", increased more than expected in April, indicating that the U.S. job market remains strong. After slowing down late last year, the average pace of hiring has accelerated over the past three months, almost matching the pace seen in the first half of 2023. The good news is that wage growth continues to slow. U.S. ADP employment increased by 192,000 in April, the largest increase since July 2023, higher than the 175,000 expected. However, that was slightly lower than the upwardly revised 208,000 in March. At the same time, the ADP wage indicator showed that year-on-year wage growth for employed workers was essentially flat at 5% in April, the lowest level in years; wage growth for those changing jobs fell to 9.3% from 10.1% in March. , but still higher than the level at the beginning of the year. This provides some welcome news amid several other signs that inflation is more resilient than many economists and policymakers expected. Economic data released on the same day showed that the U.S. manufacturing industry had a weak start to the second quarter, with the S&P Global Manufacturing PMI sales price inflation in April falling to a three-month low. Chris Williamson, chief business economist at S&P Global, said that overall, producers also appear confident enough in the business outlook to continue adding employment at a rate comparable to the average of the past two years and investing further. Regarding operational capabilities. From an inflation perspective, it is also reassuring that commodity prices are rising at a slower pace than the 11-month high set in March. Growth remains high by historical standards, however, well above the average of the decade before the pandemic, as businesses continue to pass on higher commodity prices to customers. Fed officials chose to maintain the federal funds rate at 5.25%-5.50%. They noted in the statement that risks related to achieving the Fed's dual mandate of focusing on employment and inflation have become more balanced over the past year. While they acknowledged progress on inflation, they also acknowledged that recent data showed progress had stalled. Federal Reserve Chairman Jerome Powell said at Thursday's post-Federal Open Market Committee (FOMC) press conference that it may take the Fed longer than previously expected to gain enough confidence in the trajectory of inflation to begin cutting interest rates. "We have stated that we do not believe it is appropriate to lower the target range for the federal funds rate until we are more confident that inflation will continue to move toward 2%," he said. Previously, the Fed chose to keep its benchmark interest rate unchanged and released new stimulus measures. inflation concerns. "It may take longer than previously expected to gain greater confidence," Powell said. Powell insisted that the data did not convince policymakers that inflation was falling toward the Fed's 2% target, making a rate cut unlikely at this time. He also did not hint at the possibility of a rate hike. However, Powell stopped short of suggesting a rate cut this year or that rates have peaked, as he has previously said. The Fed may not be confident enough to cut interest rates yet, but it's worth noting that the idea of raising rates doesn't appear to be on the agenda yet. Powell's comments reassured investors who feared the Fed might respond more aggressively to signs that inflation progress is stalling. Overall, the general meaning is: the interest rate cut has been delayed, but not derailed. This is a very cautious hawkish statement and the next step is unlikely to be a rate hike. This also makes this press conference far less hawkish than market expectations, at least interest rate hikes are not on the table. This statement caused the U.S. dollar to plummet and stimulated a sharp rise in gold prices, once exceeding $30! The "Global Gold Demand Trend Report for the First Quarter of 2024" released by the World Gold Council on April 30 showed that global gold demand increased by 3% year-on-year in the first quarter. Among them, the Bank of India’s gold reserves increased by 19 tons in the first quarter of this year. The Reserve Bank of India purchased a net 16 tonnes of gold last year. Data shows that in the first quarter of this year, the Reserve Bank of India purchased more gold than it did in all of last year. This message is timely. This news can only temporarily affect the price and will not continue to affect the trend. Market prices will eventually return to technical trends. The current market price is blocked at the $2,327 level. This does not rule out the possibility that market prices will fall back under pressure. For two weeks in a row, we have defined the current trend as a downward correction following a bullish rally. Because the previous upward cycle was too large and lasted too long, it would be difficult to complete the correction in the short term. This round of adjustment must be a substantive adjustment. Downward, long-term adjustment, there is currently only one negative line on the weekly line, which is not enough to complete the entire upward correction, and the adjustment cycle has not yet continued. In the downward correction of the secondary rhythm, it is very easy to form a double top within a small cycle. Currently, 2327 has been drawn twice. The inhibitory effect here is likely to inhibit price stagnation and rebound, thereby exiting the decline. The short term is bearish around this line! International golden thinking layout, for reference only: Short term: short at current price 2325/26, stop loss 2333, target 2312/2300
FXOPEN:XAUUSDShort
by cdfxcdfx
FOMC - ADP NF Gold price fluctuated strongly today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) slightly increases to $2,288 during the Asian session on Wednesday. This is due to cautious market sentiment ahead of the Federal Reserve's monetary policy meeting. The US ISM Manufacturing PMI and ADP Employment Change will be released later in the day. ⭐️ Personal comments NOVA: Gold price is completing a DOWN correction. Today with many important economic data such as: PMI, ADP - NF and FOMC will determine the Gold price trend in early May until 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2260 - $2262 SL $2255 TP1: $2270 TP2: $2278 TP3: $2285 🔥SELL GOLD zone: $2324 - $2326 SL $2330 TP1: $2310 TP2: $2295 TP3: $2280 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
GOLD / XAUUSD Bearish Short side Robbery PlanDear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. I have two plans kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support our robbery plan we can make money take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
VELOCITY:GOLDShort
by Thief_Trader
GOLD XAUUSD ROBBERY PLAN TO MAKE MONEYMy Dear Robbers / Traders, This is our master plan to Heist of GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned 2 plans with target in the chart Please look at the chart before entry, Our target is Red Zone for Bulls and Green Zone for Bears that is High risk Dangerous area market is overbought / Oversold / Consolidation / Fundamental news occur / Strong Pullback happens at the level. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of Powerful dynamic levels whether Buy or sell, Once it is cleared we can continue our heist plan to next target. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
CAPITALCOM:GOLD
by Thief_Trader
Gold short-term trading strategy Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80 On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come. Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00. The expected trend for gold prices today is bearish. It is recommended to short gold near $2,300 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
With the Federal Reserve’s interest rate decision in mind, how s Gold has little fluctuation during the day. Gold will make a big debut tonight on small non-agricultural issues and the Fed's interest rate decision. Gold seems to be waiting for the arrival of data. Gold's current weak pattern has not changed. It still rebounds and continues to be short. The data fluctuates slightly at night. , the U.S. market and other rebounds at the 2300 mark continue to be bearish. Gold's 4-hour double top structure breaks and continues to suppress gold's rise. Gold's 4-hour moving average is still arranged into a dead cross for short positions, and the opening is gradually widening. Gold is now focusing on the resistance of the 2300 mark and continues to be short under pressure. US market data rebounded near 2300 and continues to be short. Go with the trend, the trend is king, the short trend is not over yet, the decline will not end, and the rebound will continue to give short selling opportunities. U.S. market operation ideas: Gold is short at 2300, stop loss at 2310, target 2280-2275; If you like my analysis, please let me know
FXOPEN:XAUUSDShort
by cdfxcdfx
The Gold Spot to U.S. Dollar (XAU/USD) trend1. **Chart Overview**: - The image displays a **candlestick chart** representing the **price movement of gold** against the U.S. dollar. - Candlesticks indicate price changes within specific time frames: green for price increases and red for decreases. - The Y-axis represents the **price of gold in USD**, while the X-axis shows dates from **May 3rd to May 13th**. 2. **Technical Analysis Tools**: - **Trend Lines**: Two prominent diagonal trend lines are drawn across the candlesticks, suggesting a **channel pattern**. - **Support and Resistance Levels**: Horizontal dashed lines indicate potential **support or resistance** levels at different price points. 3. **Price Fluctuations**: - The chart captures the **volatility** of gold prices during the specified period. The trend depicted in the **Gold Spot to U.S. Dollar (XAU/USD)** candlestick chart has several implications: 1. **Bearish Movement**: The pronounced **downtrend** suggests a decline in the value of gold against the U.S. dollar. Investors and markets relying on gold as a **safe-haven asset** or a hedge against inflation may be impacted. 2. **Technical Analysis Signals**: - The **channel pattern** formed by the trend lines indicates potential price movement boundaries. - **Support levels** (dotted horizontal lines) may act as buying opportunities, while **resistance levels** could hinder further price increases. 3. **Market Sentiment**: The downtrend may reflect **economic optimism**, leading investors away from safe-haven assets like gold. The **Gold Spot to U.S. Dollar (XAU/USD)** trend has recently shown a **downturn**. Let's explore the possibilities: 1. **Recent Movement**: - Over the past month, gold has experienced a **5.57% increase**¹ . - However, in the last **5 days**, it declined by **0.22%**¹ . 2. **Technical Analysis**: - The weekly chart indicates a **steep decline** from around $2393 to $2295. - A **bearish candle** formation is currently underway. - Support levels and retracement patterns are being closely monitored by traders. 3. **Factors to Consider**: - The **U.S. Dollar Index** is recovering, making gold less attractive in USD terms. - Short-term appeal remains weak due to easing tensions in the Middle East and reduced safe-haven demand. 4. **Forecast**: - Analysts suggest that gold's bullish potential may continue into early 2024 due to a **looser Fed policy**, lower bond yields, and a weaker USD. - However, a global economic downturn could limit gold's gains² ³ .
OANDA:XAUUSDShort
by The90sTraderOfficial
Gold has fallen below 2300, and it will be short if the market r After gold adjusted to a high level for a long time, the gold price fell below the 2300 mark last night, and also fell below the key low support level of 2291. Gold's new downward wave has emerged, and at the same time, short sellers have entered a new range! In other words, there will be a big change in the recent operating ideas, and a short rebound will be the only feasible strategy! The one-hour line continues to fall. For short-term layout, you can refer to the long-short conversion level of the 2291 low point. If it rebounds again and reaches 2291, you can go short! At the same time, we should also focus on the repair level of the upper moving average pressure. Currently, the first moving average pressure is at the 2311 line. If the deviation is large, it will not be used as a reference for layout, but it can still be used as a reference indicator for the strength of the long and short market! Don’t worry if the gold price returns above the moving average in the near future. As long as it doesn’t break through 2352 again, we will treat it with a short-term approach! specific strategies Gold is short at 2291, stop loss is 2299, target is 2270
FXOPEN:XAUUSDShort
by cdfxcdfx
🧑‍🎓 XAU/USD ANALYSE 📈 UPDATED MORE READ THE CAPTION?By Wolrd Forex Traders Hello 👋 "G old Market Analysis 💡📊👀 4H Time Frame Chart 📉🕒 _Bearish Signal ⚠️👎_ We're seeing a potential short opportunity in the Gold market, with a current price of 2354. Our target is 2300, which is a key support level. A breakout below this level could lead to a significant price decrease 📉💸! _Analysis 🤔📊_ The 4H time frame chart shows a bearish trend, with a series of lower highs and lower lows. The Relative Strength Index (RSI) is also indicating a bearish signal, with a reading of . The Moving Averages are aligned, providing additional confirmation for a short position 💪📉. _Trade Strategy 💰📉_ Sell: 2354 (short) Target: 2300 (next support level) Stop Loss: 2380 (bearish warning) ⚠️🚨 If the breakout occurs at 2300, the next target is 2270. Note: This analysis is based on a 4H time frame chart and is subject to market changes and fluctuations. Always use proper risk management techniques and consult with a financial advisor if necessary. Follow me for more market insights and analysis! #Gold #XAUUSD #tradingview #bearish #marketanalysis #trading #finance #investing"
OANDA:XAUUSDShort
by SMC-Trading-Point
GOLD stillin bearish Sideways. Hi Everyone, hi everyone. we can expect GOLD will trade sideways but still under bearish control i think this week will be closed between 2327 -2340 if the CORE PCE INDEX not far away from forecast. but you need also watch the 2368 - 2372 . closed above that i think the trend is changing to sideway between 2390 - 2305 for longer time. closed below 2305 beware of high correction like last monday. very dangerous. dont forget also buy a real gold because it will safe your asset if we hit 2200 2100 I hope you enjoy your weekend. Cheers for everyone. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support ! i'll help you to have a great trade. Please using good money management. dont take any emotional trade.!!!!!!!! Educational: Dont risk more than 0.2% lot size on trending market Dont risk more than 0.5% lot size on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Really Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold, eurusd, gbpusd and oil specially. what do you think? please comment and rate below.
FX:XAUUSDShort
by LaurentWilvyne
1
Gold breaks new low, goes short after reboundingGold's 4-hour moving average crosses downwards in a short position, and gold's downward space opens up. Gold's 4-hour double top continues to suppress gold's rise. Gold fell below the last new low of 2292, and gold has resistance at the 2300 mark. If it rebounds to around 2295, it can be shorted first. Trading strategy: short gold 2295, stop loss 2305, target 2280-2275 The above is purely a personal opinion sharing and does not constitute operational advice. Investments are risky and you are responsible for your profits and losses.
TVC:GOLDShort
by Donald-king
GOLD-analyze The Federal Reserve's monetary policy meeting is expected to maintain interest rates at 5.25%-5.5%. Federal Reserve Chairman Jerome Powell's speech on Wednesday will provide more clues on expectations for a rate cut. Traders have scaled back bets on the Federal Reserve cutting interest rates this year as recent U.S. economic data has been stronger than expected and inflation continues to rise. Bond investors expect Fed Chairman Jerome Powell to sound hawkish at a news conference, likely stating that the Fed is in no rush to cut interest rates given persistent inflation and a still-strong labor market. In addition to the Fed's interest rate decision and Fed Chairman Powell's speech today, the US April ADP employment data and the US April ISM manufacturing PMI data will also be released, which requires focus. Yesterday, gold fell all the way without even a chance to rebound. This was something I did not expect. Since the market has already shown this trend, we can only follow the market. The current market is absolutely weak. Today, rebound selling is the main focus. The suppression points of concern above are the moving average suppression points of 2313, 2300, and 2295. But gold must fall below 2270 before it can completely turn into a downward trend. Otherwise, I think gold still has a chance to rebound to 2330-2344. The focus of today's market is after the release of the US ADP data. The impact of the data cannot be seen through technical aspects. We will wait for the data to be released before looking. Therefore, today's trading can wait for the resistance point to sell. Radical traders can sell near 2290. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSDShort
by UnknownUnicorn71050047
Gold trading strategy analysis Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation. First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and prices falling. Second, economic factors: global economic growth is slowing down and demand for bulk commodities is weakening. U.S. data continued to rebound, consumption was weak, and global risk assets suffered a sell-off. This is especially true as Cyprus plans to sell off its gold reserves, sparking concerns that other countries may follow suit. Well-known international investment banks such as Goldman Sachs and Merrill Lynch began to collectively lower their expectations for gold prices, causing investors to sell in panic. For today's gold on Tuesday, the price fell below the ascending channel line and finally rebounded to determine the resistance area 2330-2332. This is a defensive suppression range and continued suppression is effective. If the price falls below the 2315-2312 area, if it falls below, then look for Go to the next 2303-2300 area, and then look for the 2388 and 2366 ranges The next thing to do is to use the top of the starting and falling points as a defense, and then continue to hold gold high, watch the price accelerate to test the 2315-2312 area, and switch the range downwards if the position is broken. My suggestion is to go short around $2320-2310, with a stop loss of $2335 and a target of $2302-2300. 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
The next potential support zone is around 2,261 to 2,255Measuring the bear flag provides a slightly different target that is a little higher than the 50-Day line. If the flagpole is measured from the daily breakdown of the April 19 low of 2,373 to the recent retracement low of 2,291, a potential target of 2,238 is calculated. Given the clarity expressed by today’s selling (wide range red candle with trading continuing near the range lows) it seems that the chance of meeting the flag target becomes more likely. Selling doesn’t happen in one day and there is some similarity between today’s wide range day and the first on April 12, and the second on April 22. Nevertheless, the next potential support zone is around 2,261 to 2,255, consisting of two Fibonacci levels. Also, an internal uptrend line is close to the price zone depending on when it is reached. It provides an added indication on the way down. Regardless of the potential support levels on the way down, given the large rising parallel trend channel in gold, the lower internal uptrend line could also be reached. We will be watching for clues on the way down. As of now, the price zone around the 50-Day MA is the deepest anticipated retracement.
TVC:GOLD
by NicoTradingMaster
29/4 Asian market choppy moves, analysis and signalsIn the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more than 2% on a weekly basis, the largest since December. fell. The market expects the Federal Reserve to keep its policy interest rate unchanged at 5.25%-5.5%. The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The ensuing reaction could trigger a sharp drop in U.S. Treasury yields and boost international gold. This week’s focus will be on the Federal Reserve’s decision on Wednesday, and gold and other markets may continue to follow the changes in expectations of the Federal Reserve’s interest rate cut in the long-short game. There will also be a U.S. non-farm payrolls report on Friday, which will be another major factor that triggers market turmoil after the Federal Reserve decision. The structure of the gold daily chart keeps running below the MA10 daily moving average, and the moving average still maintains its opening downward. The RSI indicator adjusts above the central axis. Since the retracement of this round of adjustment to the middle track of 2291.8 Bollinger Bands, the price has risen at a low point, and the Bollinger Bands have moved to the current level. 2307 first line. In terms of the moving average, the four-hour chart opens slightly upward, the hourly chart is glued together, and the RSI indicator maintains its central axis adjustment in sync with the daily line. The market focus this week is on the non-agricultural data on Wednesday and Friday, when the market will experience greater impact and volatility. Trading at the beginning of the week was volatile and short-term thinking was the main focus. Asian market analysis 1H resistance is 2333, support below is 2320 4H resistance is 2341, support below is 2305 Daily resistance is 2352, support below is 2296 BUY:2318-2320,SL2310 SELL:2340-2343,SL2352 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Prioritize the DOWN trend !! XAU DECREASE⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price continues its stagnant trend as it struggles to gain traction in the Asian market on Tuesday. The US Dollar benefits from the Federal Reserve's higher interest rates and persistent inflation signs, alongside diminishing Middle East tensions. However, the downside is limited as traders await cues about the Federal Reserve's rate-cut plans. ⭐️ Personal comments NOVA: Price moves in a DECREASING triangle pattern. Wait for break 2328 and target to return to $2300 area ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2310 TP2: $2318 TP3: $2325 🔥SELL GOLD zone: $2358 - $2360 SL $2365 TP1: $2350 TP2: $2340 TP3: $2330 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
8
Short gold, pointing at 2300!After gold fell below the upward structure today, it fluctuated all the way down. It stopped falling and rebounded after hitting around 2311. However, the rebound was relatively weak and it did not even touch the 2320 position. We currently still hold a short position near the 2323 position. Unfortunately, gold only touched near the 2311 position and did not hit TP: 2310. So what we need to do now is to wait patiently for gold to fall and hit TP. . Since gold has fallen below the upward structure, we cannot blindly insist on being bullish on gold. On the contrary, we should adjust our short-term trading strategies in a timely manner as the market changes. According to the current structure, gold has no ability to resist during the decline. Relatively speaking, gold's short position advantage is slightly better. As gold falls, multiple early supports for gold have turned into resistance. Now gold faces resistance in the 2320-2325 area in the short term, followed by resistance in the 2335-2340 area. The support below is the 2300 mark. According to the current situation, gold is expected to continue its correction and touch the 2300 area. Therefore, in the next short-term trading, we will change our trading strategy as the market trend changes. In short-term trading, we will mainly short on rallies.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
1