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XAUUSD : Does gold have the ability to recover strongly?XAU/USD is increasing slightly and hovering around 2,337 USD/ounce. According to American Bank Wells Fargo, this precious metal may continue to consolidate throughout the summer as the market accepts the Fed's tightening policy. In an interview with Kitco News, John LaForge, Director of Real Asset Strategy at the bank, said: "Central banks will continue to buy wine, while also seeing solid upside potential in gold." quarterly through 2025. According to Wells Fargo's mid-year updated price forecast, gold prices are expected to trade between 2,300-2,400 USD/ounce."
OANDA:XAUUSD
by SantaTradeGold
EURUSD: 2 Bearish Confirmations 🇪🇺🇺🇸 I see 2 strong bearish signals on EURUSD. After a formation of a strong bearish impulse, the pair started to steadily recover within a bearish flag pattern on a 4H. The price also formed the inside bar formation within the boundaries of the flag. Today, both the support of the flag and the range of the mother's bar were broken. It is a very strong technical confirmations. I think that the market may drop to 1.069 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Bitcoin & Ethereum - Morning Update Bitcoin and Ethereum Morning Update Good morning, we are back close to the MarchVWAP on ETH 🚨 Still needs to be flipped for the trend to reverse on the higher time frame, if we get this reclaim we are looking for scalps on some assets but thats for later. This setup on ETH with the multiple retests on the cluster reminds me of another setup on ETH just close before we saw the big increase before the ETF happening. On BTC things are looking good as we held the most important level for now the MarchVAL. But on BTC the MarchVWAP is getting problematic too. We are still thinking that ETH is going to outperforme BTC in the next months in either direction. The 4H close on BTC above the MayVWAP is important and not just a fakeout, if we get a reversal in the next 30min we could be in light troubles but as long the MarchVAL holds everything is fine. We are looking for possible setbacks before breaching the next key levels on Bitcoin and Ethereum.
COINBASE:ETHUSDLong
by stromm_by_wmc
INDUS TOWER LONG/BUYTrade Setup long in Indus Tower 1. Monthly/weekly/Daily TF Bullish 2. Consolidating near a Big Breakout area 3. Block Deal happened b/w 311-340 and low is tested already in 3rd 5 min Candle 4. 2 Bullish Hammers on 5 Min TF & SL is Slightly Big as it is a positional Trade 5. Marked blue is a strong Breakout Level 6. 325-320 is Strong CIP Level 7. Hence Went Long 8. Buy @335-340 SL-310 target 450-470 Fundamentally this company is strong and also the part of rural developing economy alongside, which will benefit India in coming years definitely
NSE:INDUSTOWERLong
by Wealthy_Vikish
2
SILVER - back for again top? Or not??#SILVER .. in yesterday our area was 29.60 to 29.65 And you can see market hold it for 3 or 4 times. And then market broke that level and placed around 29.80 as day high As you know that yesterday was bank holiday in USA means no major data or no major move. Now we have 29.90 as a important major resistance for silver. 29.90 will play key role in today with important data's in table. So keep close 29.90 it will your area for tomorrow. If market hold it then a drop expected from here. And if not then not at all. Only area 29.90 Good luck Trade wisely
OANDA:XAGUSD
by AdilHussain731333
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts: 1. Change of Character (CHoCH) Definition CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal. Identification Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend. Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character. Application Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing. 2. Break of Structure (BOS) Definition BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend. Identification Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS. Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS. Application Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction. 3. Fair Value Gap (FVG) Definition FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders. Identification Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred. Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement. Application Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders. 4. Other Major Parts of the Smart Money Concept Liquidity Pools Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels. Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades. Order Blocks Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement. Identification: These are visible as zones of consolidation on the chart. Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points. Institutional Candles Definition: Large candlesticks that represent significant institutional activity. Identification: These candles are usually much larger than the surrounding ones and often occur at key levels. Application: They signal strong buying or selling interest from institutions, indicating potential future price direction. Stop Hunts Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity. Identification: Sudden, sharp price movements towards obvious stop-loss levels. Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices. Market Cycles Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility. Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor. Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility. Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Education
by realmillionairefx
AUDJPY: Very Bullish Setup 🇦🇺🇯🇵 One of the setups that we discussed on a today's live stream is on AUDJPY. The pair broke and close above a neckline of an ascending triangle pattern on a daily. Retesting the broken neckline, the price formed one more triangle on an hourly time frame. Its neckline breakout is a strong intraday bullish signal. I believe that a bullish trend will continue on the pair. Goals: 105.5 / 105.7 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
XAUUSD : Gold will bounce back stronglyXAU/USD is moving sideways and trading around 2,322 USD/ounce. According to senior market analyst Jim Wyckoff of Kitco Metals, gold prices fluctuate when influenced by external factors due to a lack of important new fundamental news. In this context, Wyckoff predicts, prices will likely move sideways about 2,300 - 2,400 USD/ounce for the next important catalyst and he believes that these catalysts will not appear until July. World gold prices weakened in the context of some US Federal Reserve (Fed) officials predicting interest rate cuts in December this year. This causes US government bond interest rates to increase to nearly 4.3%, causing disadvantages for gold - a non-yielding asset.
OANDA:XAUUSD
by SantaTradeGold
keep calm XAUGOOD MORNING everyone for more info, check the signature space below 🔽 HERE WE ARE, Traders. I kindly ask you to leave a like below the image. if you want to continue receiving free analysis. It costs you very little, but it makes a huge difference for me. ^GOLD ANALYSIS^ The weekly close makes me think of a continuation long until the 2300 level is decently invalidated; the breakout happened, but it's not enough for me. On the daily level, I would expect a SMT (play) below the lows where I marked the chicken, and then look for an upward movement from there. We have two zones to keep under control. As you know, I only trade New York, so I don't trade until 14:00. Plus, we have news at 14:30. Monitor it, and we'll update live. Let me know what you think in the comments! Thank you very much, everyone. For any doubts or questions, don't hesitate to write to me; I will be happy to answer you. for more info, check the signature space below 🔽 -Have a good day -Happy trading -Use stops -Manage risk
OANDA:XAUUSD
by X_GoldenBoy_X
Interest rates are supported, Gold weakensGold increased for the second consecutive trading day, the gold price once reached 2,320 USD. The market will receive the Federal Reserve's interest rate decision and US CPI data, which is expected to explode the market. US CPI Data and Federal Reserve Decision Coming Soon. US May CPI data will be released a few hours before the Fed decision. If inflation stays stable, that could allow the dollar to start to gain traction first. Fed shows policymakers expect policy rate cuts by a total of 75 basis points in 2024. An upward revision is possible as most policymakers say that they are in no rush to start reducing borrowing costs. Today is a very important trading day because it is directional from big data such as CPI and FOMC events, first gold and dollar will be affected by CPI data and then FOMC. If CPI data is better, this will boost the US Dollar but then if the FOMC shows the prospect of a rate cut then this will boost gold prices. Up to now, after the NF data was announced, the gold market has formed a short-term downtrend. and the recovery to form the DOW model is taking place quite perfectly in the h4 time frame. The recovery could reach the 34 EMA or higher the 89 EMA of the h4 frame with two notable resistance levels at 2325 and 2338. The Fed is likely to keep interest rates unchanged in June after today's meeting so The dollar will be strongly supported at least in the next 2 months. The market's downtrend could take gold to 2387 or deeper than the 2376 support level. During trading periods with a lot of macro data and major events, sudden large price movements can completely disrupt any technical structure. At times when major events take place, technical analysis is no longer available, the market will depend on basic factors such as: Geopolitical developments, monetary policy, macro data. tissue,….
OANDA:XAUUSD
by TVS-Trader
rebounded strongly after reaching a level lower than 2300Gold for delivery closed down more than 20 USD on Thursday, fell below the 2,300 USD/ounce mark, and recovered slightly in the European session on Friday to 2,314. Despite weak US PPI, gold prices still fell sharply as the Federal Reserve forecasted only one interest rate cut this year. In addition, a stronger US Dollar also affects gold prices. The Federal Reserve on Wednesday kept interest rates steady despite improving inflation and forecast only one rate cut in 2024, due to Economic growth and the unemployment rate remain above what the Fed considers long-term sustainable levels. High interest rates increase the opportunity cost of holding gold, making it less attractive compared to other assets in the market, especially the dollar. Markets are still assessing the Fed's future monetary policy path. The Federal Reserve announced Wednesday that it would leave interest rates unchanged and signaled that there would be only one rate cut in 2024. In March, the Fed had expected three rate cuts in this year. Before Thursday's PPI data was released, the May Consumer Price Index (CPI) released by the US Department of Labor on Wednesday also showed that inflation had generally cooled, creating momentum for gold to surge. up 1% that day. However, after the Federal Reserve issued hawkish comments, spot gold prices reversed the basic trend. Technical analysis of gold price Gold has dropped significantly since reaching the key resistance area around $2,340 – $2,345 which is the confluence of the 0.618 Fibonacci retracement, the $2,345 horizontal resistance and the 21 EMA. Gold fell back to operating around the 2,305 - 2,300 USD area to maintain the main downtrend from the price channel. In the short term, the raw price level of $2,300 will be the closest support and if gold continues to break below this technical level it will open up the possibility of continuing towards the target at $2,286. Even if gold recovers, during the day it will still be limited by the $2,324 level, its technical direction will still lean to the downside. Support: 2305 - 2291 - 2286 - 2280- 2274 Resistance: 2316 - 2321 - 2325 - 2333 - 2338 SELL price range 2319 - 2321 stoploss 2325 BUY price range 2270 - 2268 stoploss 2264
OANDA:XAUUSD
by TVS-Trader
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out as analysed. We were seeing price test 2332 weighted level and failed to lock above 2332 with ema5 confirming the rejection into the retracement range. The retracement level gave us the perfect bounce for a clean 40 pips, as part of our plans. We then had the 2322 weighted level cross and lock below with ema5 opening 2312, which was hit perfectly. We are now looking for a reaction on this level. Ema5 cross and lock below 2312 will open the swing range or failure to lock below will follow with another rejection bounce. 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. EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 2349 EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 BEARISH TARGETS 2322 - DONE EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 - DONE EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 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
18
THE KOG REPORTKOG REPORT: In last week’s KOG Report we said we wanted the lower support level to hold up the price to give us the opportunity to long into the order region above, which gave us a fantastic start to the week. We then said we wanted to short from the order region back down, but due to FOMC and CPI we would be looking for extreme levels above. Once price re-entered our order region we did continue with the plan but the range and accumulation meant we couldn’t complete the move down that we wanted, however, still getting a decent trade down. So, what can we expect in the week ahead? Simple one this week! We have potential to start the week with short movement within the range we have plotted on the chart. The resistance level above sits at 2345-50 which needs to hold the price down for us to see a further move downside into the lower support region below, and potentially complete our plan from last week’s KOG Report. Support 2320 is the hurdle this week and needs to be broken forcefully for us to then have more confidence in the move. The problem we have this week again is this sideways range, and for that reason we’re going to throw a curveball into the mix, which we need traders to be extremely careful of. IF that resistance level above breaks, and we bounce aggressively from below, there is a huge chance we’re going to see this attempt to take liquidity from the higher regions 2370-5 which is a key level for this week and also the extension of the move. So please, traders make sure to stick with your risk model, we’ll trade it the KOG way, level to level, stay the right side of it and expect some extreme movement. KOG's Bias for the week: Bearish below 2345 with targets below 2320 and below that 2295 Bullish on break of 2345 with targets above 2355 and above that 2370 As above, it’s a short one this week, we’ll update it as we usually do during the course of the week. 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
12