Trading strategy today, gold cools downGold prices continued to fall in today's trading session, receiving little support from safe-haven demand as recent comments from US Federal Reserve (FED) officials showed the market was skeptical. Doubtful expectations of interest rate cuts.
The yellow metal saw some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little progress.
However, safe-haven purchases were offset by pressure from renewed concerns about high US interest rates as well as the dollar's recovery.
Prices for the yellow metal received little support from the dollar's recent decline, as the greenback rebounded on Tuesday after some Fed officials said the central bank was more likely to hold steady interest rate in 2024.
This view was voiced by Minneapolis Fed President Neel Kashkari on Tuesday and caused traders to rethink some expectations for interest rate cuts this year.
Expectations for a rate cut in September rose after weak payrolls data last week. But Kashkari and his colleagues say tough inflation remains the main point of contention for the Fed.
The prospect of higher long-term US interest rates is not a good sign for gold because it pushes up the opportunity cost of investing in the yellow metal.
Goldtrend
Gold cools down, entry buy nowWorld gold prices stabilized with spot gold down 6.3 USD to 2,307.6 USD/ounce. Gold futures last traded at 2,316.1 USD/ounce, down 6.2 USD compared to yesterday morning.
World yellow metal prices decreased slightly compared to yesterday morning as investors continued to wait for US data to find clues about the possibility of cutting interest rates by the US Federal Reserve (Fed). The recovery of the USD also puts slight pressure on gold. The US Dollar Index rose 0.1%, making gold less attractive to foreign currency holders.
According to analyst Peter Fertig, what the market is currently concerned about is the timing of the Fed's interest rate cut this year. He said that if inflation does not really decrease, the Fed will still keep interest rates unchanged.
In his statement mid-week, Minneapolis Fed President Neel Kashkari gave a "hawkish" view on monetary policy, saying that the US Central Bank may keep interest rates high for a while. longer.
Investors are now looking forward to the results of the University of Michigan's consumer sentiment survey due out on Friday and comments from multiple Fed officials this week. US consumer price index data will be published on May 15 (US time).
A very good time to buy gold right nowOn the worldwide marketplace, today`s gold rate reached 2,313 USD/ounce. Domestic gold is in a downward fashion as it "evaporates" five USD.
Converted in step with the change price with the exception of taxes and fees, every quantity of home gold bars is 15.five-16.five million VND better than the worldwide rate even as gold earrings are 4-4.five million VND better, relying at the time.
World gold reduced barely withinside the context that traders are focusing extra on the chance of hobby price cuts from americaA Federal Reserve (Fed). According to CME's FedWatch tool, marketplace investors trust there's approximately a 66% risk the Fed will reduce hobby prices in September.
Gold costs are compelled with the aid of using the outlook for hobby prices, however StoneX analyst Rhona O'Connell stated there are tailwinds for gold, specially associated with geopolitical dangers and capability tensions. Hidden withinside the banking device continues to be sturdy sufficient to aid this valuable metal.
Previously, in mid-April, global gold costs hit a document excessive of 2,431.29 USD/ounce whilst boosted with the aid of using sturdy call for from Chinese valuable banks and retail traders amid geopolitical tensions are increasing.
GOLD: Gold price forecast
By around September, the Fed may reduce interest rates. A declining USD will pull gold prices up.
Gold is also supported by inflation and escalating prices in many countries around the world. Asian and European countries are struggling to control their currencies from plunging.
Many experts also mentioned the possibility of inflation in some countries. If this happens, gold will continue to be an important storm shelter.
XAUUSD 1HR Analysis + Trade Idea It doesnt look like the bulls are giving up just yet, with the inability to push lower or higher gold has been range bound for the last few days whilst respecting the 25% QT support zone and the dynamic ascending support which creates a 4HR bearish flag showing signs of a trend reversal to the upside.
Primarily we need to be patient and wait for the correct confirmations to show us bullish signs before looking at possible long entries to avoid being caught out on any possible market structure break.
Ideally if breaks the key resistance of 2330 and corrects with a lower high whilst seeing the 25% quarter support rise to match the lower high and a divergence crossover in certain EMA timeframes we could enter a long off the rejection of the risen quarter level.
GOLD Expecting continuationGOLD looks ready to continue his bearish moves as soon as it will broke below the H1 support trendline. I expect it to range tomorrow and to start to drop later in tomorrow's NY session and Friday. First target the support area at 2235. Invalidation above the resistance trendline on H1
GOLD - market bottom out?? whats next?#GOLD.. well guys market hold your 2nd supporting area 2303 and bounced back,
now upside our last day area that was our supporting area its now resistance area, keep close it,
that is 2318 19
if market break that level then upside again 2325 n 2334 expected..
good luck
trade wisely
Gold wins two games in a row and is short at high levelsGold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
💡 GOLD: Analysis May 8Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case:
First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200 mark, at which point you can consider opening additional short positions;
Second, if the price breaks above 2330, the price is likely to continue to correct upward, existing short positions need to be closed, then attention should be paid to the 2360 level, buyers may return to the market if resistance is reached. This is broken.
💡 GOLD: Analysis May 7After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases:
Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order;
Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
Tuesday trading strategy
xausd. My daily analysis is to help everyone find safe trading areas and make profits through strong and weak signals.
Price above 2325-2340-2350
Below 2300-2290-2280
So my suggested trading area:
Buying area:
2310--2312 has been triggered
2305-2307
2297-2300
Select the corresponding trading area based on specific price trends and charts. For reference only
Sales area: profit 50pips ()
Special: 2330-2333. This signal is a key price signal. But it has been triggered 4 times. So you can specially observe the signal
1/2322--2325
2/2338-2342
3/2350-2352
Select the corresponding trading area based on specific price trends and charts. For reference only
Only my real-time analysis is the most accurate. so please cooperate with me
I wish you all good luck with your trading. Trading trends are changing rapidly, I hope everyone makes money
Note: 1/ Provide account management. 2/ Provide VIP signal service.
There will be a continued downward adjustment for world goldSELL GOLD
2315-2320
SL 2333
TP 2300
-----
At round 6 a.m. on May 8, nowadays`s gold rate became buying and selling at 2,315 USD/ounce, down 10 USD as compared to the best rate in remaining night's buying and selling consultation of 2,325 USD/ounce.
World gold expenses went down whilst a few US Federal Reserve (FED) officers stated that inflation withinside the US remained excessive and hobby costs ought to stay the equal for an extended duration of time.
Responding to this information, the USD-Index extended 0.26% to 105.forty two points. Accordingly, the USD extended in cost as compared to many different overseas currencies. Gold rate nowadays is in a disadvantageous position.
Meanwhile, analysts say that US bond hobby costs closing at excessive ranges have come to be appealing to investors. Since then, many humans have confined capital into the gold market. Today's international gold rate is compelled to weaken.
Trading strategy today, wait to buy goldWorld gold prices went down when some US Federal Reserve (FED) officials said that inflation in the US remained high and interest rates could remain the same for a longer period of time.
Responding to this information, the USD-Index increased 0.26% to 105.42 points. Accordingly, the USD increased in value compared to many other foreign currencies. Gold price today is in a disadvantageous position.
Meanwhile, analysts say that US bond interest rates remaining at high levels have become attractive to investors. Since then, many people have limited capital into the gold market. Today's world gold price is forced to weaken.
Gold continues trend down, selling now waiting for entry to buyWorld gold prices turned down with spot gold down 9.1 USD to 2,313.9 USD/ounce. Gold futures last traded at 2,322.4 USD/ounce, down 8.8 USD compared to yesterday morning.
World gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September.
Although prices are pressured by the outlook for interest rates, StoneX analyst Rhona O'Connell sees tailwinds for gold, especially regarding geopolitical risks and potential tensions. hidden in the banking system, strong enough to support this precious metal.
In mid-April, world gold prices touched a record high of $2,431.29 an ounce as they were boosted by strong demand from Chinese central banks and retail investors amid tensions. Geopolitics is on the rise.
Recently released data shows that the Central Bank of China recorded the 18th consecutive month of additions despite high gold prices.
Military tension - positive Gold price ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold's value is on the rise, driven by a weaker US dollar following recent Nonfarm Payrolls data that suggests possible Federal Reserve rate cuts. This situation could make gold cheaper for foreign buyers, with strong demand from central banks and Asian markets further supporting gold prices. Persistent Middle East tensions could also increase gold's appeal as a safe haven. However, any hawkish remarks from Fed officials, such as Minneapolis President Neel Kashkari, could bolster the USD and negatively impact gold prices.
⭐️ Personal comments NOVA:
Although it is in a DOWN trend, the tension of the Israeli war has caused the price of Gold to rebound and have gradually larger buying volume.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2306 - $2304 SL $2299
TP1: $2315
TP2: $2330
TP3: $2345
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2335
TP2: $2322
TP3: $2310
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Are you worried about your gold long position?Gold fell back from around 2330 today and is currently oscillating within a narrow range around the 2312-2315 area. In fact, it is still quite difficult to trade gold today. It is relatively ideal to participate in shorting gold near the 2330 position, but we cannot aggressively chase short gold during the decline. Therefore, if we did not short gold near the 2330 position, then we could only wait and see.After all, gold still has the potential to attack the 2335 area.
Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short.
After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today.
In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Gold short sells for six consecutive winsIn the past two days, we have been emphasizing that the short position in gold has just begun. Gold has fallen sharply in the past two days. Gold was originally expected to rebound near 2340 and was short. Gold fell directly to 2335 and fell below 2300 to a new low. It rebounded to 2313 and was directly short. Gold fell again. The gold short position has won six consecutive victories. The short position is far from over, and the rebound continues to be short.
Gold's 4-hour double top continues to deter gold. The top structure has been formed. The 1-hour moving average continues to open downwards and the short positions are arranged. The rebound is an opportunity for short sellers. Gold rebounded at 2314 and began to fall again. The bulls have been unable to recover and rebounded around 2312. You can continue to dry.
If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. It is already a short trend, so go with the trend and the rebound will give you an opportunity to dry up. Don't tell the bottom when it falls, don't buy the bottom easily, don't lose the watermelon and pick up the sesame seeds. If you go with the trend, you will be light and airy, but if you go against the trend, you will be in chaos. Follow the trend with me and dance with it
Gold has soared and harvested, three consecutive victories!Gold went long at 2375 in the afternoon, and the article also directly publicly suggested that 2373 went long at the current price. Gold rose sharply again, and gold dry longs harvested again. Gold won three consecutive victories from yesterday to today. Gold is bullish. If it falls back, it is better to continue to go long. .
Gold's 1-hour moving average is arranged in a bullish position, and gold continues to surge when going long. The support of the gold's 1-hour moving average moves up to around 2375, and falls back to around 2375 to continue to go long. Gold is now in a concussive upward trend, and the fall back gives an opportunity to go long.
The market situation is current, and trading is also current. Facing the ups and downs of the K-line, you must know the meaning behind it. Facing the complicated and confusing market situation, only by reading more, summarizing more, learning more, and naturally following the market sense can we clear the clouds and see the sun. Facing the ups and downs of the market, if you are still hesitating and confused, you must first improve and change yourself, or follow a professional.
Gold is expected to rebound, then fall backLast Friday, gold saw a sharp rise and fall in the early trading, and then the US market entered a sweep, sweeping around 2372-2402. It tested the resistance of 2402 again in the late trading and then fell back under pressure to hover around the 2390 mark.
The price started to fall under pressure after confirming the resistance in the 2388-2389 area in early trading today. It fell below the low of 2373 last Friday. After confirming the resistance here for the second time, it further accelerated its decline to the 2351.5 area.
Starting from the high point determined in early trading, after falling below the previous low of 2373-2372, it then broke the next low of 2354 area.
At this point, the overall market has entered a sweeping decline with the high point moving downward and the low point refreshing!
Gold is no longer as crazy as before. This is the current status quo. Gold's current risk aversion stimulus only makes gold bulls flash in the pan, and then rushes higher and falls back. Now the bulls are just a false shot, since risk aversion can no longer continue to support the rise of gold. , indicating that the adjustment demand for gold has strengthened and the rebound is short again.
Gold's daily closing line has not really stabilized above 2400. There is a lot of resistance above 2400. Gold has a double top structure in the 4-hour period, and it continues to rise under the resistance of 2400.
Sail against the current, if you don't advance, you will retreat, and continue to focus on high altitudes.
Gold short orders are harvested instantly, and the current priceGold fell by 2225 yesterday. Gold fell quickly and was harvested instantly. Is it cool? We directly charge more at the current price of 2374
Gold was blocked in the 15-minute short-term adjustment and fell back, and gold began to fluctuate in the short-term. Pay attention to the support near 2365 before adjusting to go long. If the upper rebound of 2390 still cannot break through, then gold can continue to be short near the resistance of 2390 in the short-term.
The market is changing rapidly. Plan your trade and trade according to your plan. The market is all current. The market has a certain context in each period, so you must adapt your trading system to suit the current market trend. It is impossible to have your own way!
Golden two-game winning streak, more declines continue!Yesterday, we achieved two consecutive victories in gold, first short and then long. Gold is still bullish overall, and it continued to fall back to the long trend in early trading.
Gold bottomed twice in 30 minutes near 2362 and the support stabilized and rose. Today it stepped back on the 2362 support and stabilized and continued to do more. Gold's long-term moving average is supported near 2370. If it steps back near 2370, it can increase first. However, recently, the gold market is no longer as unilaterally strong as before, and there are signs of weakening at any time. When it is high, it is still prudent to pursue the long position and wait patiently for a pullback.
The thing that can convince a person is never the truth, but the southern wall; the thing that can enlighten a person is never the preaching, but the suffering. The market is changing rapidly, and it is important not to think in a single way. We are never long or short. At this moment, have you suddenly realized that we cannot change the market, so we must change ourselves. Smart people often like to take advantage of others, while stubborn people still struggle with heavy burdens while wandering. Which type of person are you?
The current price of gold is 2383 and continues to be short!Gold has a 30-minute head and shoulders structure. Although the rebound is slightly stronger, it still has not changed the pattern that needs to be adjusted. The current price of 2383 continues to be short!
Gold is still just rebounding now. Yesterday's negative line was at the top, that is, yesterday's opening price was around 2382. The rebound did not break through the resistance overnight, which shows that gold's resistance here is still effective. The current price of 2383 is directly short.
Plan your trade, trade your plan, the market is changing rapidly. Since gold encounters resistance in the short term, there is no need to pursue the bullish trend. Gold is still full of resistance at its high level. It will continue to be short in the afternoon, and we will wait for a correction.