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XAUUSD : Gold is focusing on Fed interest ratesThe world gold price recorded at 09:30 on June 11 according to Vietnam spot time was around 2,302 USD/ounce, down 8.50 USD compared to yesterday. Investors are trading cautiously as they wait for US inflation data and the US Federal Reserve's (FED) interest rate decision in the middle of this week. Derivatives trading involves high risks and may not be suitable for all investors. Therefore, consider carefully whether this transaction is suitable for your financial situation or not. Trading advice is based on information obtained from trading services and statistics and other sources Blue Line Futures, LLC is bullish. We do not guarantee that the information is accurate or complete, as it should not be relied upon entirely. Trading advice reflects our good faith judgment at a certain time and is subject to change without notice. There is no guarantee that our advice will lead to profitable trades. All trading decisions will be made by the account owner. Past results do not necessarily reflect future results.
OANDA:XAUUSD
by SantaTradeGold
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking. Last update price was testing the swing range and we were expecting a reaction in this range. - This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing. We will now wait for ema5 to lock above 2313 for a continuation into the range above or a rejection here will see the full swing range tested. We also need keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial level of support test as a break below this level can open a deeper correction below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. SWING RANGE 2290 TO 2313 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
15
THE KOG REPORTTHE KOG REPORT: I last week’s KOG report we said we would be watching that 2340 extension level for a move upside in the early part of the week, and if achieved we would be looking to short the market back down initially into the 2310 level which is where we felt the RIP will come from. We had a little stretch into 2355 but got the move we wanted for the trade and then the bounce. On the way up we also took the long in Camelot giving us a fantastic start to the week. During the week we updated traders with the plan to go long into that higher regions and gave them a target level of 2370 which was achieved, in Camelot we had 2385, which was hit on the nose, gave us a TAP AND BOUNCE short trade, and the rest is history, what a move and trades on Gold last week giving us another record breaking capture. Well done to our team for their hard work not only on Gold but the numerous other pairs we trade and analyse, with Oil also giving us a lovely upside trade. So, what can we expect in the week ahead? We’ll start by saying we have FOMC and Cpi this week on the same day, so please trade carefully and expect there to be more aggressive price action across the markets. We have some key levels here on gold sitting below at 2380-75 which we feel are reasonable for attack and as shown on the chart, if held we feel there is an opportunity to long the market back up into 2310 and above that 2325 regions with extension of the move into 2330. That would be the ideal move for us, and if we see resistance with a clean set up in that resistance level, we’ll be hunting a short again to take this a lower. PLEASE NOTE – If they break below that level early session, the long trade will come from lower down in the 2250-55 region, which is a level to watch for this week! KOG's bias for the week: Bearish below 2335 with targets below 2385 and below that 2373 Bullish on break of 2335 with targets above 2355 and above that 2389 In summary: Price goes up, we’ll trade it level to level, expecting ranging and choppy market conditions, looking for the higher resistance levels. Higher resistance levels, we’ll be looking for the short trade if it presents itself. Price goes down, we’ll look for support to hold, a clean reversal and we’ll look to long. Nice and simple, we’re looking for a few decent trades on Gold this week due to FOMC and Cpi. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
14
Fed won't move interest rates this weekA flow subsequent week is off the desk due to the fact Fed officers have pressured the want to be affected person because the decline in inflation has proven a loss of development over the primary sector of the year, stated Ian Pollick, head of constant earnings method at CIBC Capital Markets. Economists typically agree that the sturdy May task report, launched on Friday, regarded to close the door on any price reduce in on the July meeting. Fed Chairman Jerome Powell is predicted to copy that the Fed isn't anyt any toward gaining self assurance that inflation is transferring again to target, Pollick stated. The Fed has saved its benchmark hobby charges at 5.25%-5.5% given that closing July. Powell is predicted to paste to the message that this price is setting sufficient downward strain on inflation to sluggish demand, however wishes to be held "tighter for longer" to chill inflation. That manner the amazing reduce may want to occur at one of the closing 3 FOMC conferences of the year - September, November or December - or now no longer till 2025.
OANDA:XAUUSD
by MrTrongVo
USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund. The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September. In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band. Pay attention to important support and resistance zones: Support: 156,400-153,600 Resistance: 154,500-157,700
by TVS-Trader
1
Gold waits for US data to break the trendline💥Gold is trading around 2336. Gold prices managed to hold above multi-week lows touched on Monday. The Fed's interest rate cut bet will limit the USD's recovery efforts and support the metal. Traders are now eyeing the US ADP report and ISM Services PMI for fresh impetus. 💥The market is currently waiting for the US jobs report for May, which will be released this week. This data can affect the interest rate decision of the US Federal Reserve (Fed). When interest rates fall, gold will benefit. If the jobs report weakens, gold could rise in the short term. Conversely, a stronger report will put pressure on precious metals, as the Fed "will have a harder time" cutting interest rates. In the absence of too many changes in gold price data, the next few weeks will likely move sideways, unless there is an unexpected geopolitical event that causes shelter demand to skyrocket. 💥The wide price range at which gold is trading is trending downward. 2350 and 2305 are the standard price range. To escape the golden border, you need to be sure to go beyond 2360 to form an uptrend and break down to 2300 to form a downtrend. In the short term, the two EMA lines are continuously sloping down and gold needs to surpass EMA 89 to align with the main trend of the market. Support: 2322 - 2315 - 2305 Resistance: 2338 - 2348 - 2354 - 2360 - 2374 BUY price range 2307 - 2305 stoploss 2301 SELL price range 2348 - 2350 stoploss 2354
OANDA:XAUUSD
by TVS-Trader
EURUSD analysis after positive Nonfarm data📌EUR/USD plummets to weekly lows near 1.0800 following US jobs data. EUR/USD is under heavy pressure and trades at a one-week low near 1.0800. The US dollar continued to gain strength following upbeat jobs data, which showed Nonfarm Payrolls increased by 272,000 in May and put pressure on the pair. 📌Markets are focused on the European Parliament Elections, today. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment. 📌After breaking through the trendline and the important support zone at 1.08350, gold approached the stronger support level of 1.079. From there a small trading price margin is formed. The recovery next week of EURUSD is insignificant with the highest level being the Break out price range around 1.08600. The pair's decline is favored with a record hit of the 1.07300 support zone possible. Resistance: 1,083-1,086 Support: 1,079-1,073 BUY EURUSD zone 1.073-1.072 SL 1.070 SELL EURUSD zone 1.086-1.088 SL 1.090
by TVS-Trader
XAUUSD : Gold dropped sharply after a series of dataWorld gold price recovered slightly by 0.13% and is trading around 2,296 USD/ounce after a sharp decline of 3.45% last week. Gold's uptrend has weakened as the RSI on the daily chart is below the 50 level, moreover, XAU/USD is trading below the short-term SMA lines, reinforcing gold's downtrend. The Fed's latest interest rate decision and the May consumer price index expected to be released this week could be a key test for markets, especially after Friday's strong jobs report. continue to suggest that the Fed may hold off on lowering interest rates.
OANDA:XAUUSD
by SantaTradeGold
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or a rejection before this will follow to find support at the retracement range. A cross and lock below 2286 will open the confirm the retracement range and a further cross and lock below the retracement range will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 2309 EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
21
GOLD 4H CHART ROUTE MAP AND TRADING PLAN FOR THE WEEKHey Everyone, Please see our 4h chart idea that we tracked last week. We have not done a fresh idea for the 4H chart this week, as this one is still tracking well and testing crucial levels of the structure currently. We want to see this idea play out for at least the beginning of the week and then we can do a mid week update with a fresh one. After completing all our Bullish targets there was a gap left above before the drop completing all the bearish levels and now currently testing the swing range. We are expecting a reaction in this range 2290 - 2275 and would like to see opportunities of bounces here. However, we need to keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial test as a break below this level can open a deeper correction below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD DAILY CHART MID/LONG RANGE ROUTE MAPHey Everyone, Please see our updated daily chart structure. Currently we are seeing price test support at 2309 with a candle break below opening gap to 2259 but we will need to see ema5 lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355 We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
4
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAPHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. CURRENT UPDATE We are now seeing price break back in the channel with ema5 opening the 2265, as a potential correctional area also inline with the channel half line. We need to keep this in mind when buying dips and managing risk and range to handle swings. The levels within the channel will provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
GOLD ROUTE MAP UPDATEHey Everyone, A great week tracking the entire move up completing all our targets, which followed with the rejection today with a massive tank below 2390 Goldturn all the way down into the retracement range completing this full setup. EMA5 is now testing this level and will need a cross and lock below 2310 to open the swing range or failing that a support bounce here. Our monthly chart correctional detachment is now finally coming into play. A full attachment is not needed, as it can attach on the move up with magnetisation. Due to NFP the majority of the day was just an observation day for us, as we already secured a great week, yet we were still able to scalp using our levels. BULLISH TARGETS 2331 - DONE EMA5 CROSS AND LOCK ABOVE 2331 WILL OPEN THE FOLLOWING BULLISH TARGETS 2345 - DONE 2359 - DONE EMA5 CROSS AND LOCK ABOVE 2359 WILL OPEN THE FOLLOWING BULLISH TARGETS 2364 - DONE POTENTIALLY 2390 BEARISH TARGETS 2310 - DONE EMA5 CROSS AND LOCK BELOW 2310 WILL OPEN THE SWING RANGE SWING RANGE 2285 - 2274 As always we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead. Please don't forget to like, comment and follow to support us, we really appreciate it! Have a great weekend all!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
Gold price margin analysis before NONFARM💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut interest rates in September. Currently, investors are still hot. Please wait for US non-farm payroll data to be more certain about this expectation. 💥RSI in the h2 time frame shows signs of divergence and has gradually escaped the overbought area. It can be seen that the buying force has weakened when the price touched 2385. The uptrend is still there with strong support from the EMA 34 and EMA 89 which are still rising strongly in the large time frames h4 h2 d1. Therefore, the price reaction at 2385 could be a stepping stone for gold to reach 2400. 💥Technical points to pay attention to for the best trading signals: Support: 2370-2355 Resistance: 2395- 2405
OANDA:XAUUSD
by TVS-Trader
XAUUSD : Gold continues to increase strongly todayGold prices yesterday had an early rebound hitting a high of $2,375 then retreated again before closing at $2,378 after important news and market expectations were reflected in the price. Regardless of the reason behind it, this is it proving that investors are still interested in gold or have returned after recent dovish signals from major central banks. Maybe this is the first sign of a comeback. The market is probably quite nervous now ahead of tonight's NFP report. The US Nonfarm Payrolls (NFP) report is expected to show an increase of 185,000 jobs in May. However, negative JOLTS Job Opportunities data and ADP Nonfarm Jobs Change data less than that in this week reduces investor optimism about the US Bureau of Labor Statistics report. If the NFP report also shows weakness, the USD may come under more pressure and increase market confidence that the Fed will soon cut interest rates, supporting gold prices.
OANDA:XAUUSDLong
by SantaTradeGold