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Goldtrend

27TH MAY GOLD ANALYSIS1. Introduction Gold prices are highly influenced by various global economic factors, including the demand from major economies such as China. As a member of BRICS (Brazil, Russia, India, China, and South Africa), China's economic strategies, including its moves to create a new currency to counter the US dollar, significantly impact gold prices. Currently, there are indications that the strength of buying gold in China is decreasing, which could have implications for the gold market. 2. Current Market Situation As of today, we have identified two key selling zones for gold: Sell Zone 1: $2347 - $2350 Sell Zone 2: $2365 - $2370 3. Impact of China's Gold Buying Strength China has been a major player in the gold market, with its buying strength often acting as a significant support for gold prices. However, recent reports suggest a decrease in China's gold buying. This reduction can be attributed to several factors: Economic Slowdown: China's economic growth has been slowing down, impacting its investment in commodities, including gold. Policy Shifts : Changes in China's monetary policies and a focus on diversifying its reserves may also lead to reduced gold purchases. BRICS Currency Initiative : As BRICS aims to create a new currency to challenge the US dollar, China may be reallocating its resources and strategic focus away from gold. 4. Implications for Gold Prices The reduction in gold buying from China can lead to several potential impacts on gold prices: Decreased Demand: With China being a significant buyer, a reduction in demand can lead to downward pressure on gold prices. Market Sentiment: Market participants often take cues from major economies like China. A perceived lack of interest from China can result in bearish sentiment among other investors. Geopolitical Factors: The BRICS' initiative to create a new currency may also introduce uncertainty and volatility in the currency and commodity markets, influencing gold prices. 5. Trading Strategy Given the current situation, traders should consider the identified selling zones for potential trade setups: Sell Zone 1 ($2347 - $2350): This zone represents a near-term resistance level where sellers might be active. Traders can look for bearish signals to enter short positions around this area. Sell Zone 2 ($2365 - $2370) : This higher resistance zone could offer a more favorable risk-reward ratio for selling, especially if gold prices make a significant move upwards before facing resistance.
OANDA:XAUUSDShort
by TradingGuruTop
2
Optimistic about Gold, increased then decreased againWorld gold prices increased with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. World yellow metal prices increased slightly at the beginning of the week as investors expected an important inflation report released this weekend that would change the US Federal Reserve's (Fed) view on cutting cuts. interest rates. Recently, the Fed's positive interest rate stance has caused great pressure on the precious metals market. According to UBS analyst Giovanni Staunovo, gold has suffered from more hawkish comments from Fed officials and better-than-expected US economic data. Bullion has lost $100 since the precious metal hit a record high of $2,449.89 an ounce last week. According to the latest Fed meeting minutes, US Central Bank officials indicated that it may take longer than expected to bring inflation down to 2%. According to FXTM market analyst Lukman Otunuga, in the current environment, the gold market will be sensitive to inflation data. Accordingly, if the report shows downward price pressure, it may arouse hopes of cutting interest rates by the Fed and boost gold prices. On the contrary, if PCE is higher than market forecasts, it will deal another blow to expectations of Fed interest rate cuts and cause gold prices to fall even deeper. This expert said that the downward momentum could bring the price to the support level of 2,300 USD/ounce or lower.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Buying Silver at 22$ based on H.Marks Cycle theory.Risk and Time are in opposite sides of a coin. Meaning what is unknown equals risk. Markets are forward pricing mechanism, meaning when something is known - usually was already priced in (bought with risk). H.Marks theory was you should buy things in advance, when there was hypothetical most risk; in practice it would be the least risk (as shown in graph). As long as there were hedges and drivers? You cant measure future demand? Here key words were economic gravity and inflation trend (unknown). Once we saw inflation in mid-January -> we could start placing bets on silver (22$). //Highest profit comes from buying in advance (combining w/ 200dma cycle?). When something is "risk-free" or certain -> it has 50-50 chance of profit and loss in both directions?; when something is "small risk", certain has small returns. //this works as long as there is 1:5 potential.
TVC:SILVER
by citsvar
Markets uneasy about Fed policy, OPEC policy meeting draws atten Unexpectedly strong U.S. economic data made the market uneasy about the outlook for U.S. inflation and interest rates, which in turn affected gold price trends. A business survey released by S&P Global supported the view among many traders that the Federal Reserve is likely to keep interest rates higher for longer. This expectation has heightened market concerns about the outlook for the U.S. economy, which is not good news for traders looking forward to a rate cut from the Federal Reserve. The Purchasing Managers' Index (PMI) pointed to stronger growth and the possibility of a new round of inflation, further undermining market expectations for a rate cut. The hawkish tone in the minutes of the Federal Reserve's policy meeting also suggested that policymakers were not confident in cutting interest rates, which pushed up U.S. bond yields and the dollar, affecting metals markets. While the current policy response is likely to include keeping the Fed's benchmark policy rate at current levels, the minutes also reflected discussion of possible further rate hikes, adding to market concerns about rising interest rates. However, reserve buying in Asia remains a significant driver, which may limit gold's losses for the time being. As a safe-haven asset, gold still has certain appeal amid increasing global economic uncertainty. Investors need to pay attention to the development of the global economic situation, especially changes in U.S. economic data and Federal Reserve policy, as well as the impact of geopolitical risks and other factors on gold prices. As a safe-haven asset, gold has been affected by global economic and political turmoil, and has recently experienced fluctuations against the backdrop of a strong U.S. dollar and strong U.S. economic data. On May 24, spot gold hit a two-week low and is currently trading around $2,338, falling for three consecutive trading days. One of the main reasons behind this fluctuation is that the US Federal Reserve's hawkish delay in cutting interest rates has boosted the US dollar, which is expected to record its largest weekly gain in a month and a half, while the US dollar's strength usually puts pressure on gold prices. Next week, gold will focus on the support level formed after the 1-hour downward trend line breaks through. Have a nice weekend, if you like my analysis, please continue to follow me, thank you
FXOPEN:XAUUSDLong
by cdfxcdfx
8
Non-farm expectations increased sharply when the FED became hawk“If the PCE record is better than marketplace forecasts, this can be some other assault on FED hobby price reduce expectations, inflicting gold expenses to fall even deeper.” Notably, Kitco News`s ultra-modern weekly gold survey indicates that greater than 3-quarters of enterprise specialists assume that gold expenses will pass sideways or lower this week. 14 Wall Street analysts consulted the Kitco News gold survey. Sentiment towards valuable metals has worsened. Only 3 specialists (21%) expect gold expenses will upward thrust better this week. There are 8 analysts (accounting for 57%) predicting gold expenses will lower. Another 3 majors (seeking out 21% of the total) are identified, trending sideways this week. Meanwhile, 195 votes had been solid in the course of Kitco's on-line visit. Main Street traders have a greater bullish view on valuable metals. ninety four retail traders (or 48%) expect gold expenses will upward thrust this week. Another 50% (equal to 26%) anticipated the rate could be lower. Meanwhile, fifty one people (equal to the ultimate 21%) expect expenses will stay strong this week.
TVC:GOLDLong
by MrTrongVo
❓ New ATH for GOLD? Multitimeframe context ❓Bullish confluence for GOLD on MTF, LTF and HTF Expecting new ATH next week ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
OANDA:XAUUSDLong
by Yelli_trades
4
Trading strategy today, downtrendKitco News' latest gold survey shows more than three-quarters of industry experts believe gold prices have stabilized or will fall next week. Meanwhile, half of retail traders polled still believe the precious metal could move higher in the coming days. ActivTrades senior analyst Ricardo Evangelista said that information in the Fed's meeting minutes has caused traders to push back the expected interest rate cut from September to November. This change has helped push Treasury yields and the USD higher and put pressure on precious metals. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events. Reports released this week include: Consumer confidence report, preliminary report on GDP in the first quarter of the US, weekly unemployment benefit applications, pending home sales, Personal consumption expenditure reports along with personal income reports in the US
TVC:GOLDShort
by FalCol_TradingMaster
Gold is expected to be quiet this week, entry sell todayWorld gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or will fall in the near term, while half of retail traders still believe the precious metal could move higher in the coming days. Looking at gold's fluctuations last week, senior market analyst Darin Newsom of Barchart.com said that gold is likely to decline this week. Sharing the same view, Bannockburn Global Forex CEO Marc Chandler also sees further downside risks for gold in the near future. According to Chandler, the reason gold set a record high early last week at 2,450 USD/ounce was because the market reacted to information related to the accident that claimed the life of the President of Iran. However, the strength of the USD caused gold to be sold off and plummet to nearly 2,300 USD/ounce. Besides, the decrease in demand for gold from Chinese investors is also a disadvantage for this precious metal. Chandler forecasts that gold's initial resistance this week is at $2,375/ounce. Support is in the range of $2,275 to $2,300 per ounce. Market strategist Colin Cieszynski of SIA Wealth Management is neutral on gold this week. He said that the gold market will be quiet this week without important events.
OANDA:XAUUSDShort
by FalCol_TradingMaster
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business. According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold bounced back on MondayLast week, global gold expenses continuously "plunged" after breaking all of the data conquered in April. Kitco News`s cutting-edge weekly gold survey effects confirmed that extra than 3-quarters of specialists consider gold expenses are solid or will fall withinside the close to term, even as 1/2 of of retail investors nevertheless consider the treasured metallic may want to pass better withinside the coming days. Looking at gold's fluctuations remaining week, senior marketplace analyst Darin Newsom of Barchart.com stated that gold is probably to say no this week. Sharing the identical view, Bannockburn Global the Forex market CEO Marc Chandler additionally sees similarly disadvantage dangers for gold withinside the close to future. According to Chandler, the cause gold set a report excessive early remaining week at 2,450 USD/ounce changed into due to the fact the marketplace reacted to statistics associated with the twist of fate that claimed the lifestyles of the President of Iran. However, the power of the USD prompted gold to be offered off and plummet to almost 2,three hundred USD/ounce. Besides, the lower in call for for gold from Chinese buyers is likewise a downside for this treasured metallic. Chandler forecasts that gold's preliminary resistance this week is at $2,375/ounce. Support is withinside the variety of $2,275 to $2,three hundred according to ounce.
TVC:GOLD
by TheLeader_WOLF
Gold Rush: Fund Managers Flock to Record-Breaking Gold PricesGold is gleaming brighter than ever. Earlier this week, prices surged to record highs, igniting a firestorm of bullish sentiment among fund managers. This marks the most optimistic outlAook for the precious metal in over four years, according to a recent report. This article delves into the factors driving this renewed enthusiasm for gold and explores the potential implications for investors. A Record-Breaking Rally Gold's recent price surge is undeniable. Fueled by a confluence of global uncertainties, the yellow metal has reached uncharted territory. Investors are witnessing a classic case of safe-haven buying, where gold is perceived as a reliable store of value during times of economic and geopolitical turmoil. Fund Managers Turn Bullish This record-breaking rally has not gone unnoticed by professional investors. Fund managers, who meticulously analyze market trends and identify investment opportunities, have become the most bullish on gold in over four years. This shift in sentiment is evident in their actions. Data reveals a significant increase in net-long positions in Comex gold futures and options by hedge funds and other large speculators. What's Driving the Gold Rush? Several factors are contributing to the current gold rush: • Geopolitical Tensions: Ongoing conflicts and regional instability create uncertainty in the global economy, prompting investors to seek safe-haven assets like gold. • Inflation Woes: Rising inflation erodes the purchasing power of traditional currencies. Gold, with its historical reputation for holding its value, becomes an attractive hedge against inflation. • Central Bank Activity: Central banks around the world, particularly in major economies, are adopting accommodative monetary policies to stimulate growth. This can lead to concerns about potential currency devaluation, further bolstering the case for gold. • Demand from Asia: Robust demand for gold from major Asian economies, particularly China and India, continues to provide significant support for prices. These regions have a long-standing cultural affinity for gold, driving both consumer and industrial demand. Is This a Sustainable Trend? The sustainability of this bullish trend for gold remains a question mark. Here are some factors to consider: • The Global Economic Outlook: If the global economy strengthens and geopolitical tensions ease, the demand for safe-haven assets like gold could decline. • Interest Rate Movements: Rising interest rates can make gold, a non-interest-bearing asset, less attractive to investors compared to interest-bearing alternatives. • The Strength of the US Dollar: The US dollar has a strong inverse relationship with gold prices. A strengthening dollar can put downward pressure on gold prices. Investing in Gold: Weighing the Options Gold's recent resurgence has sparked renewed interest from investors. However, there are various ways to participate in the gold market, each with its own advantages and disadvantages: • Physical Gold: Investing in physical gold bars or coins offers direct ownership of the metal. However, there are storage and security considerations associated with this approach. • Gold ETFs: Exchange-traded funds (ETFs) backed by physical gold provide a convenient and liquid way to invest. These offer lower barriers to entry compared to physical gold. • Gold Mining Stocks: Investing in gold mining companies offers the potential for amplified returns if gold prices continue to rise. However, these stocks are subject to the inherent risks associated with the mining industry. Conclusion The record-breaking rise in gold prices and the bullish sentiment from fund managers present an intriguing opportunity for investors. However, careful consideration of the driving forces behind this trend and a thorough evaluation of investment options are crucial before diving into the gold market. Understanding your risk tolerance and long-term investment goals will help you decide if gold has a place in your portfolio. It's important to remember that past performance is not indicative of future results, and even safe-haven assets like gold can experience price fluctuations.
OANDA:XAUUSD
by bryandowningqln
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ 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
Gold fell by more than $100 in two days and continues to be bear There is no right or wrong in the market, the only one who is wrong is you. When you find that the direction is reversed, get out immediately. Don't take chances. Just hold on to the profits, and you can achieve long-term and stable profits. At the beginning of this week, gold directly broke the all-time high and sprinted to the 2450 mark, and then entered the high range sweep. The low point was flat at 2406, and the high point gradually moved downward from 2447 to 2434, forming a convergent triangle range. After the price surged higher on Wednesday and determined that the resistance began to come under pressure, it fell below the convergence triangle and fell back to the previous rising channel range. The key point here is to fall below the triangle range and fall back to the channel range. The upper rail of the channel 2417 was used as a suppression to start the heavy volume decline, and the decline accelerated to the lower rail of the channel 2382. Of course, this is not the end, but a new beginning. Yesterday Thursday, the price suppressed 2384 and further fell below the low, maintaining the rhythm of a sweeping decline. It continued to fall and broke below the low in late trading until it hit 2325 in early trading today on Friday. That is to say, in just two trading days, gold fell by more than 100 US dollars, completing the heavy-volume decline in one go! The support and pressure levels of gold in each cycle: The gold weekly support level is 2164, the gold daily support level is 2341, the gold 4-hour support level is 2379 area, and the gold 1-hour pressure level is 2348 area. Today’s gold recommendation: short gold around 2348, stop loss at 2353, and take profit at 2336
FXOPEN:XAUUSDShort
by cdfxcdfx
Today's trading trends, buy gold strategyAt the beginning of the trading session on May 23 (US time), world gold prices were under strong selling pressure due to tough sentiment in the minutes of the May monetary policy meeting just announced. The minutes show that US Federal Reserve (Fed) officials are increasingly concerned about inflation. The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. Experts from the World Gold Council predict that despite the Fed's tough arguments on monetary policy in recent times, gold will still maintain its upward momentum in the coming time. Wall Street analysts said that it will take the market longer than expected for the Fed to determine for sure whether inflation has really decreased or not. Therefore, gold will remain stuck in monetary policy for quite a long time.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold prices fell for the third consecutive dayGold rate has reduced for the third consecutive day If calculated from the height region of 245x .In the global marketplace, valuable metals retreated to round 2,326 USD/ounce, down greater than forty USD in line with ounce as compared to the preceding session. According to analysts, global gold costs plummeted whilst the marketplace diminished expectancies for americaA Federal Reserve (FED) to reduce hobby fees. The USD index expanded sharply to 105.09 points. UOB Group specialists expect that the FED will begin reducing hobby fees subsequent September, and there can be handiest greater hobby charge cuts this year, in September and November 2024.
TVC:GOLDShort
by TheLeader_WOLF