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Goldtrend

GOLD MORE BULLISH AFTER THIS NFP !!HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical analysis we do trade with proper R:R its just an trade idea share your thoughts with us and Stay Tuned! for more updates
TVC:GOLDLong
by APEX_TRADING_ACADMEY
3
XAUUSD:5/3 Today’s Analysis and StrategyOn Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve. With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have piled into gold, which is within striking distance of a record high. Intraday gold prices exceeded 2020 and were close to the all-time high of 2144 set in early December last year. At the same time, central banks of various countries are actively increasing gold reserves. IMF data shows that India increased its gold holdings by 7.812 tons in January 2024 to 811.417 tons. Gold prices suffer when the U.S. adopts higher interest rates to curb inflation, boosting returns on competing assets like bonds and boosting the dollar, making the precious metal more expensive to buy with foreign currencies. Gold technical analysis Daily resistance is 2150, support below is 2100 Four-hour resistance is 2150, support below is 2100-2080 Gold operation suggestions: Judging from the daily analysis, today's lower support is focused on around 2100-2080, and the upper target is still focused on breaking high. The short-term bullish strong dividing line has moved to 2100. Gold is currently expected to have a high probability of breaking through a new historical high. BUY:near 2100 BUY:near 2080
OANDA:XAUUSDLong
by ActuaryJ
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day. According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector. ⭐️ Personal comments NOVA: In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2064 - $2066 SL $2060 TP1: $2070 TP2: $2076 TP3: $2082 🔥SELL GOLD zone: $2093 - $2095 SL $2100 TP1: $2088 TP2: $2080 TP3: $2070 ⭐️ 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
3
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD primed to move higher!Gold has tried four times to push through the top of the channel. At the same time, the dollar has broken down and is likely to test the bottom of its channel. The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher. It will then retest the top of the channel for support, and if that holds it will move higher. TVC:DXY COMEX:GC1!
OANDA:XAUUSDLong
by tradepsych
Xauusd confirm buy Gold price stands tall near two-month top, eyes $2,100 amid rising June Fed rate cut bets Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now buy 2083 Target 2087 Target 2091 Target 2100 Target 2110 SL 2070
OANDA:XAUUSDShort
by JohnHarry_7
Gold Continues to Destroy SellersSheep vs Wolves Sheep Believe that selling at the highest possible point will be the best potential bet Wolves wait for sheep to slip so that they can eat the sheep The problem with the sheep mentality is, what are you basing the "highest point" on How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest point? It's interesting > in the everlasting pursuit for the best potential sell at the highest possible point you may have lost 3+ trades simply trying to chase the rainbow to find the pot of Gold (pun intended lol) How many sellers winning currently? If any at all? I keep saying, it isn't that it is not going to sell > the question is, does it make sense for it to sell here? No it doesn't Because in a world where everyone goes left, you job should be to figure out why? and you'd probably be better off with going right instead Godspeed to all sellers at this point, the good news is I do see gold kind of slowing down, maybe you might get your chance, but I doubt it :\ And even if you do, was losing so many trades before you actually get your winner worth it? Food for thought I will be analyzing this trade in even greater detail in my newsletter (link in bio) Subscribe to that for free for more information or feel free to reach out to me for more information Downvote\don't boost if you didn't read and didn't try to understand OR Upvote\boost if you did read and did try to understand My trade is currently up 1:3+ and counting, and my stop loss is in profit at (2078) > Just under 1:2 (1:1.97exactly) Secured Who you gonna believe sellers who guessing where the top is? Or????
OANDA:XAUUSDLong
by Brandon_evo4
Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085! The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
OANDA:XAUUSDShort
by Golden-Strategy-Master
XAUUSD Weekly TF Elliot Wave analysis and potential setup Hello fellow traders, I'd like to share an Elliott wave analysis I've conducted on the weekly timeframe, focusing on a potential trading opportunity with a target of 2190. Currently, we find ourselves at the completion of Wave 4, which is projected to be within the range of 1986-1980. Let's break down the analysis further: Wave 1: We observed a bullish move from 1810 to 2009, indicating the initial upward momentum. Wave 2: Following Wave 1, there was a corrective wave down to 1931, suggesting a temporary retracement in the trend. Wave 3: The bullish trend resumed with Wave 3, pushing the price from 1931 to 2148, demonstrating strong upward momentum. Wave 4: Presently, we are in the completion phase of Wave 4, anticipated to be within the range of 1986-1980. It's crucial to exercise patience and wait for the setup to fully materialize before considering entry points. Wave 5: Looking ahead, once Wave 4 concludes, we anticipate a continuation of the bullish trend with Wave 5, projected to move from 1986-1980 to our target level of 2190. Additionally, I've calculated the target using the Fibonacci retracement tool, specifically incorporating the levels of Wave 1 and Wave 3, which aligns with the 61.8% Fibonacci retracement level. As always, it's essential to combine technical analysis with risk management strategies to navigate the forex market successfully. Keep a close eye on price action and market developments to validate the forecasted Elliott wave pattern. Happy trading!
OANDA:XAUUSDLong
by Crypto_Enthusiast_
GOLD SELL | Day Trading AnalysisHello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
TVC:GOLDShort
by TheGrove
1
GLOD ZONE BUY Gold News: Read the Latest Analysis on XAU/USDGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold price is seen oscillating in a narrow range during the Asian session on Monday and consolidating last week's strong gains to the $2,088-2,089 region, or its highest level since December 28. The US Dollar continues to be undermined by the disappointing release of the US ISM survey on Friday. GOLD NOW 2081 TP1 2085 TP2 2090 TP 3 21OO TP4 211O SL 2065
OANDA:XAUUSDShort
by Mark804
💡 GOLD: Forecast March 4Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or exiting the order partially. The 2080 area has been an extremely strong resistance level in the past, so it cannot be ruled out that sellers will return here and create downward corrections before the uptrend continues. If you don't have any buying position yet, you should wait for the opportunity after the corrections and avoid chasing prices at this time.
TVC:GOLDLong
by Stone_Haven
Trading strategy the beginning of the week,waiting for NonfarmWorld gold prices tend to decrease with spot gold down 2.1 USD compared to last week's closing level to 2,080.2 USD/ounce. Last week, the gold market entered a new trading week relatively quiet without catalysts. Prices were nearly flat until Thursday when a report showed consumer prices were lower than forecast. After a slow start Friday morning, the precious metal began to attract some follow-on buying momentum following the results of the University of Michigan's consumer sentiment survey and weaker-than-expected manufacturing data. April gold futures prices continuously increased and closed the week at 2,095.2 USD/ounce, up 2% compared to the previous week. This was the best weekly gain since November. Although gold had a spectacular breakthrough last week, experts are still cautious about this precious metal in the short term. Some opinions say that the gold market may be under profit-taking pressure this week and the price is likely to be pushed back to the range that gold has maintained in recent times. Besides, although recently released data shows that inflationary pressures are decreasing, according to experts, that is still not enough for the US Federal Reserve (Fed) to change its view on interest rates. . The data released this week is considered very important as it can change the newly rekindled market optimism. This week, the market will wait for the February non-farm payroll report. This employment data is considered very important by investors and can take away everything that gold had last week. . Forexlive.com expert Adam Button said that he only believes last week's price increase in gold is sustainable if the upcoming report shows that the job market is actually going down.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Possible trends for Gold Monday Quick analysis of today's gold price trend With gold's strong increase last week, this week I find it quite difficult to trade 🤣. Who knows, this week will be a week of strong price drops for gold?? (With the price of gold, nothing is impossible). So you should be careful, trade with moderate volume and set a stop loss. Currently, I see only one resistance zone: 2088-2090. If it breaks through this zone, the gold price will return to its old peak of 2100 and there will be almost no strong resistance zone left to stop the price increase of gold. However, Today is Monday I think the gold price may not run too strongly. So my scenario with today's gold price: Selling zone: (Trading with small volume) Asia-Europe Session: 2088-2090. Stop loss 2092. Buying area: Asia-Europe Session: 2074-2077 US session: 2065-2070 (The buying/selling area is for reference only, you are responsible for your own profit and loss) If you like my analysis, don’t forget to like and join me
FX:XAUUSDLong
by WilliamChloe
GOLD - Opportunity for a long position ✅Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here price started to form higher highs and higher low, so now I look for long position. I wait price to make a retracement to fill that huge imbalance and then to reject from trendline + support. Fundamental news: Upcomig week is NFP week, news with high impact on USD, so pay attention to the results on Friday to validate the analysis. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD