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Goldtrend

Gold bottoms out and rebounds, long trade wins Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30. On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345. Gold short-term technical outlook analysis U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains. Generally speaking, gold tends to benefit in a risk-averse environment, which tilts the risk to the upside. In the short term, gold prices offer a neutral to bullish stance based on the 4-hour chart. Gold prices currently face resistance at the April 25 high of $2,344. If this level is exceeded, gold prices will target the $2,352 level, followed by the $2,400 mark. The latest important support and resistance levels for gold prices: Support level: $2310; $2292; Resistance: $2352; $2368; Gold prices are expected to fluctuate and rise today. Trading strategy: Go short after gold rebounds and go long after it falls. It is recommended to go short near $2345-2350 Or going long near $2320-2310 is also a good choice. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDLong
by Gold_Digger_King
The US PCE makes a big debut, how should gold respond? Gold US market welcomes PCE data. Will gold continue to hit new highs or will it rise and fall as before? How should it be laid out? If the U.S. market data for gold is bullish and it rises directly to a new high, then gold will fall back and go long and adjust its thinking. However, before reaching new highs, we can still watch gold rise and fall first. Gold rebounded in the past two days and fell back above 2330. Now it has been converted into support. If the US market falls back and no longer falls below 2330, then gold can rely on it. 2330 is bullish support. If the data is negative and falls directly below 2330, then the rebound will continue to be bearish. The market is changing rapidly. Once the market continues to be strong, don't stick to it, and don't be overly obsessed with longs and shorts. It's just a chance, and make timely adjustments according to the current market. U.S. market operation ideas: Gold is short at 2347, stop loss at 2355, target 2334-2330;
FXOPEN:XAUUSDShort
by cdfxcdfx
Gold establishes bottom after breaking through 2330! It’s about Gold establishes bottom after breaking through 2330! It’s about to rise sharply after leaving the shock zone! During the day, the price fluctuated weakly below 2330. After a tug of war between long and short, the price finally broke through 2330. The one-hour bottom pattern was established, and long orders entered the market! The target above refers to 2350-2360! Specific operation strategies: Go long if 2330 breaks out, stop loss 2320, call 2350-2360!
FXOPEN:XAUUSDLong
by cdfxcdfx
Will the price of Gold continue to DECREASE or not?⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices made modest gains during the North American session on Thursday, increasing by over 0.5% after the release of important economic data from the United States (US). The GDP figures for the first quarter of 2024 fell short of expectations, leading to speculation that the US Federal Reserve (Fed) may reduce borrowing costs. However, there was a significant jump in inflation for the same period, which could delay the Fed's plans to lower interest rates. XAU/USD is trading at $2,330 after rebounding from daily lows of $2,305, thanks to higher US Treasury yields resulting from a resurgence in inflation. Analysts had predicted that the US economy would slow down in 2024, but it missed the mark by a whole percentage point in Q1. This would maintain the narrative of a "soft landing," but underlying inflation for Q1 2024 increased by 3.7% QoQ, surpassing estimates and overshadowing the 2% recorded in Q4 2023. ⭐️ Personal comments NOVA: Gold's DOWN correction wave is forming, FIBONACCY shows that wave 2 is developing. Currently, the price continues to fluctuate sideways from $2300 - $2350 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2300 - $2302 SL $2295 TP1: $2315 TP2: $2330 TP3: $2345 🔥SELL GOLD zone: $2347 - $2349 SL $2355 TP1: $2340 TP2: $2325 TP3: $2310 ⭐️ 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
7
GOLD - smoothly hold your resistance, now at support? holding?#GOLD. well guys market very well holding your upside today resistance that was 2349 50 and now market just placed our first targeted area 2341 well guys now we have downside immediate supporting area 2339 that is your area now, it will play key role in today next move, keep close it, its your supporting area for now. next selling move will start below that level, otherwise not at all. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
XAUUSD: 26/4 Will Gold Continue to Fall?In early trading in Asia on Friday (April 26), gold fluctuated within a narrow range around the 2330 key point. The United States announced an unexpected slowdown in economic growth in the first quarter and higher-than-expected inflation. The US dollar was hit, and gold rose by more than $16. The United States After the GDP data was released, the price of gold soared to 2344. In addition, the geopolitical situation is also conducive to the rebound of gold prices. Israeli media reported that Israeli Prime Minister Benjamin Netanyahu approved a plan to launch a ground operation in the southern city of Rafah in the Gaza Strip. For gold, the price gains come after falling almost 3% over the past week as traders lowered their assessment of expanding tensions in the Middle East. Weak GDP data could also lead to a reassessment of the Fed's stance on keeping interest rates higher for the longer term. The GDP data also dampened hopes for a soft landing for the U.S. economy. A soft landing is a scenario in which the Fed is able to achieve price stability while avoiding a recession. Meanwhile, a strong personal consumption expenditures price index (PCE) rose 3.4%, which may mean a further delay in interest rate cuts. Currently, as tensions in the Middle East gradually ease, safe-haven demand for gold remains weak in the short term. Additionally, the current chart setup suggests that gold prices are on the back foot after this week’s steep decline. Looking ahead, investors will focus on core Personal Consumption Expenditures Price Index (PCE) data for March, which will guide the next move in gold prices. technical analysis Gold fluctuated in a wide range and continued to adjust. On the daily chart, the MA10/7 daily moving average suppresses 2342/2352 and keeps opening downward. The RSI indicator is still adjusted above the 50 value on the central axis, and the price is adjusted on the central axis of the Bollinger Bands. As for the time-sharing chart and the hourly chart technical indicators, the reference value is not great, short-term adjustment and washout, and the small cycle indicators are of little reference value. Today and Friday, gold still has no trending market or swing market, and continues to fluctuate in a wide range accompanied by long and short competition. Assuming that 2330 is used as the central axis, that is the high altitude of 15/20 US dollars above and the low long position of 15/20 US dollars below. 1H resistance is 2337, support below is 2316 4H resistance is 2348, support below is 2305 Daily resistance is 2356, support below is 2296 Asian trading strategy: BUY:2315-2318 SELL:2340-2343 Asian market strategies are not suitable for NY time Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
Gold technical analysis and trading strategies Now that gold has exceeded $2,330, the release of data on the number of initial jobless claims in the United States for the week ending April 20 will have an impact on gold. After the data was released, the price of gold fluctuated rapidly. On Thursday, the United States will release preliminary data on first-quarter gross domestic product (GDP), which is expected to grow at an annualized rate of 2.5% in the three months to March. Gold prices are trading between the 20-period moving average and below the 100-period moving average, with the former accelerating below the latter, often seen as a signal of increasing selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the relative strength index (RSI) is consolidating around 43. If gold prices break above $2,343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Expectations for gold prices today are mostly mixed. Trading idea: Go short after gold rebounds and go long after it falls. I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
OANDA:XAUUSDShort
by Gold_Digger_King
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
Get ready to start short-term gold sellingToday, I went long gold at 2310 and 2305 respectively and made a very good profit. Gold is currently trading around 2329. Judging from the recent trend of gold, gold has repeatedly touched the 2305 position area and quickly recovered, and this area happens to be the dividing line of the upward trend, indicating that although the bullish momentum has weakened compared with the previous period, there is still room for defense.this is also the reason why gold’s adjustment has not been effectively extended. According to the current trend pattern, although gold is in a correction trend as a whole, unlike the previous unilateral rise pattern, gold is sweeping back and forth during the adjustment process.The non-continuation of the callback sets the tone for a shock adjustment. Therefore, we must master the trading rhythm during the trading process, and never chase the rise and kill the fall! Only in this way can you make stable profits in both long and short transactions! Gold is currently trading near the 2330 area. According to the current situation, gold still has room for a rebound. Above 2330, I will consider gradually starting to short gold. The top will focus on the short-term resistance area of 2335-2340, and the bottom will first focus on the short-term support area of 2320-2315. I will 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 said yes, let us enjoy the journey of making money together!
OANDA:XAUUSDShort
by alongwineer
Prioritize the DOWN trend - GDP news today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold made some recovery on Wednesday after experiencing two consecutive negative sessions at the start of the week, as geopolitical risks subsided. Despite better-than-expected economic data from the United States (US), a strong US Dollar, and higher US Treasury yields, buyers of the precious metal took advantage of the recent dip. However, by the end of Wednesday, gold closed with a 0.25% loss. The XAU/USD is currently trading at $2,317, down by 0.05%. The tensions in the Middle East appear to have eased after the exchange of fire between Iran and Israel. The expectations for a Federal Reserve (Fed) rate cut in June and July have dissipated, as many market participants now believe that the fed funds rate will be reduced for the first time in September 2024. ⭐️ Personal comments NOVA: Price is moving sideways around the $2310 - $2330 range, but is trending DOWN. Predicting today's GDP news is good for the dollar, Gold continues to DECREASE in correction ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2285 TP3: $2300 🔥SELL GOLD zone: $2339 - $2341 SL $2346 TP1: $2325 TP2: $2310 TP3: $2290 ⭐️ 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 dry short has a good start and the rebound is short!Gold was directly short around 2360 in early trading, and the VIP signal also directly publicly stated that the current price of 2358 was directly short. Gold fell sharply as expected, and we will harvest a wave first. As we said during the gold weekend, gold has peaked in the short term, and the rebound in European and American markets continues to be short. Gold formed a dead cross downwards in 30 minutes, and there is still a lot of room for gold to fall. Gold's safe haven over the weekend did not have the same unstoppable rise as before, but it surged higher and rebounded without strength. The gold bulls have announced that they have a way to go, and the short-term is controlled by the bears. , the moving average resistance of gold is now around 2365, and it will continue to go short after rebounding below 2370. The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds covering our eyes can we see clearly behind the market. After gold surged higher and fell back on Friday, it was announced that the bullish position was over. What followed was a short-selling performance. We will continue to fight the short position first.
FXOPEN:XAUUSDShort
by Leo-trading-star
Today’s Gold Up and Down Trading Strategy Gold technical prospects are analyzed.Spot gold suddenly fell to $2,305 in the short term and then rebounded to around $2,320. The near-term outlook for gold has turned neutral, with bulls seemingly unwilling to give up. On Thursday, the U.S. will publish preliminary first-quarter gross domestic product (GDP) data, which is expected to show annualized growth of 2.5% in the three months to March. Gold prices are trading between the 20-period SMA and Trading below the 100-period SMA, with the former accelerating below the latter, is often seen as a signal of increased selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the Relative Strength Index (RSI) is consolidating around 43. If gold prices break through $2343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory. The latest important support and resistance levels for gold prices: Support levels: $2310.00; $2295.20; $2282.90 Resistance: $2343.30; $2361.55; $2372.90 Today's expectations for gold prices are mostly volatile. Trading idea: Trade short gold after a rebound, or trade long after a decline. 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:XAUUSD
by Gold_Digger_King
Gold holding at support, short-term positivityGold has found support and may be charting a swing low. The shorter-term traders look to be positioning for a positive swing. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:XAUUSDLong
by FXCM
7 consecutive intraday trading wins, then go long gold!Today, I shorted gold near 2330 many times and went long gold in the 2318-2315 area many times. I achieved 7 consecutive short-term trading wins during the day and made a total profit of more than $19K. It should be regarded as a relatively good short-term trading result! During the rebound, gold continued to rise with a strong positive line, reaching the highest level near 2337. The rebound strength increased, and the market bulls were eager to try again. Judging from the short-term trend, although gold has fallen back many times after rebounding, it has found support in the area near 2315. As the lows continue to move upward, gold has obvious signs of concussion and bottoming. Now, gold is constantly testing and consolidating the support in the area near 2320 during the decline. If the support is tested once it is effective, then gold will initially have the conditions to attack the 2350-2355 area again. Therefore, according to the current gold trend pattern, since gold has shown signs of oscillating and bottoming out, and has shown strong resilience during its decline, we still cannot be overly bearish on gold in short-term trading.We might as well try to go long gold in the 2325-2320 area. I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
OANDA:XAUUSDLong
by alongwineer
GOLD-analyze What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In terms of U.S. data, all data are looking for a slowdown in the U.S. economy. There is no clear result yet on the plan that will be enough to further reduce inflation. Today we need to pay attention to the performance of the initial monthly rate of durable goods orders in the United States in March. The current market expectation is for a month-on-month increase of 2.5%, which is slightly negative for gold prices. Yesterday, gold reached a low of 2291 and closed at 2322, indicating strong support below. Today we will temporarily treat it as a range, with a large range of 2290-2350 and a small range of 2300-2344. Above 2300, gold is still in an upward trend, but it is a weak trend, so buying is still the main trend, and selling needs to be cautious. I marked the support and resistance on the chart. You can buy in the support range or sell in the resistance range. Arrange your transactions reasonably according to your own funds. If you don't know how to trade, join me and I will analyze it every day
FX:XAUUSD
by UnknownUnicorn71050047