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Gold price has reached the accumulation thresholdGOLD presently has symptoms and symptoms of the moon returning to be pretty strong. With today`s buying and selling rhythm, I will purchase in keeping with the fashion from M5>H1. And Canh Sell Theo resists and Rsi, everyone >Gold Currently Everyone Watches Gold Following Resistance on the Should and Rsi Over Buy. This Gold Selling Rhythm Everyone can watch the Selling from 3>five costs for me. >Current Trend Gold will maximum in all likelihood growth through 235x once more today. Canh Buy 2326>2330 SL 2324 City 2338>2348. >Attention. Sell ​​accompanied Rsi and resisted. Mainstream Buy in keeping with Main Trends 👌👌 ----NEWS------ In latest sessions, gold charges struggled strongly withinside the context of the marketplace looking ahead to crucial financial information to recognise extra approximately the coverage course of americaA Federal Reserve (FED). US gross home product (GDP) information and private intake expenditure (PCE) reviews may be launched on Thursday and Friday (US time), respectively. Traders are anticipating the Fed`s first hobby charge reduce to take region in September. Matt Simpson - senior analyst at City Index - stated that gold charges should fall sharply if reviews display that americaA economic system stays resilient. Any symptoms and symptoms of sudden will increase will boom the Fed's cappotential to hold advantageous financial coverage for an extended duration of time. That will push the USD and US bond yields up and gold charges down. OANDA senior marketplace analyst Kelvin Wong commented that even though gold charges have slipped in some sessions, the technical attitude suggests the opposite: “Gold's fee motion has formed an average reversion decline after checking out intermediate resistance at $2,420/ounce. Gold charges fell 2.7% on Monday April 22 - the worst day by day overall performance in view that June 13, 2022 (almost 2 years) and persisted to increase losses withinside the Asian buying and selling consultation on April 23. Accordingly, the consultation low of 2,291 USD/ounce represents a cumulative lack of 5.8% in comparison to the latest all-time excessive of spot gold fee (2,431 USD/ounce, April 12). "Now, the trouble for gold charges lies in whether or not the upward fashion has ended or not" - the professional asked. To get the answer, Mr. Wong emphasised a few technical indicators. He believes that those are symptoms and symptoms that gold charges will boom withinside the medium time period. The 50-day shifting average (MA) has a tendency to preserve to assist spot gold charges. “Based on a technical evaluation standpoint, gold charges are nonetheless buying and selling above the 50-day shifting average, consistent with the important thing mid-time period assist sector of $2,260 - $2,210 formerly identified. Besides, the retracement degree withinside the Fibonacci indicator lasts from the bottom degree (October 6, 2023) to the very best degree (April 12, 2024). Additionally, the day by day RSI stays above key assist after exiting the overbought sector. This suggests that the medium-time period upward fashion of gold charges from the low degree recorded on February 14, 2024 continues to be intact" - the analyst.
OANDA:XAUUSD
by TheLeader_WOLF
XAUUSD: sell 2404-2416 The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392. If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top. Friends who hold short orders should pay attention to the status of their accounts. If they cannot bear the risks caused by its rise, close them in time to avoid account loss.
FOREXCOM:XAUUSDShort
by Allen_Ex
1
XAUUSD:Go long in the 2333-2326 range Gold encountered resistance in the 2363-2373 range. In the small-level candle chart, the indicators began to show weakness. Focus on the support in the 2333-2326 range. If the support is effective, go long. Continue to focus on the resistance in the 2363-2376 range. On the 4h chart, it now faces the question of whether to form a head and shoulders pattern, the answer to which will be revealed on Wednesday. Judging from the current trend, I think the probability of success of the pattern is relatively high, so last Friday, I told everyone that my short order target is in the 2305-2283 range. As of now, I still maintain this view.
FOREXCOM:XAUUSDLong
by Allen_Ex
XAUUSD:A unilateral downward trend may begin This is the 4h chart of gold. A simple analysis using the MACD indicator shows that it is currently close to a dead cross. At the same time, there has been a serious top divergence, and other indicators are also showing obvious weakness. In short, gold bulls are now in a situation where they are unable to continue. There are only two ways to accumulate power, one is to shock and digest, to repair the indicators. Another option is to break multiple supports, lure short sellers into the market, and make quick repairs. If there is news cooperation in the later period, bulls will still have the opportunity to try 2380-2400. Otherwise, this unilateral rise will basically be over. The short sellers will lead the market to 2280-2252-2212, starting a unilateral downward trend, eventually falling below 2200 and returning to the platform support near 2180. The above are my trading ideas, I hope it can be helpful to everyone's trading.
FOREXCOM:XAUUSDShort
by Allen_Ex
1
The CPI value has a 55% chance of being negative for goldAmid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday today, the market will focus on the March CPI data and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is very positive for the US dollar and negative for gold. The specific data performance will depend on the actual data release. According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long. But this possibility is relatively small, maintaining the strength of the Asian and European markets. Tuesday's low of 2338 has not broken, let alone testing 2328. Therefore, keep the support near 2338 for long positions during the day. Since the current price of gold is too high, don’t be overly optimistic even if it is bullish. If the upper level does not break through 2365, look at this target. After breaking through 2365, we will see the room for continued big gains. The US CPI data is the focus of the day. According to recent US data performance, it is more likely to be bullish for the US dollar and bearish for gold. If it is negative, focus on gains and losses at 2328 points. After breaking the level, gold will not be so strong.
TVC:GOLDShort
by Transactions-never-fail
The CPI value has a 55% chance of being negative for gold.Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday today, the market will focus on the March CPI data and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is very positive for the US dollar and negative for gold. The specific data performance will depend on the actual data release. According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long. But this possibility is relatively small, maintaining the strength of the Asian and European markets. Tuesday's low of 2338 has not broken, let alone testing 2328. Therefore, keep the support near 2338 for long positions during the day. Since the current price of gold is too high, don’t be overly optimistic even if it is bullish. If the upper level does not break through 2365, look at this target. After breaking through 2365, we will see the room for continued big gains. The US CPI data is the focus of the day. According to recent US data performance, it is more likely to be bullish for the US dollar and bearish for gold. If it is negative, focus on gains and losses at 2328 points. After breaking the level, gold will not be so strong.
OANDA:XAUUSDShort
by Transactions-never-fail
XAUUSD - Increased dizziness, no signs of cooling downNews: World gold rate today World gold charges persevered to growth with spot gold growing through 15.1 USD to 2,352.five USD/ounce. Gold futures final traded at 2,372.four USD/ounce, up 14 USD in comparison to the day past morning. The world`s yellow steel prolonged its upward momentum way to safe-haven shopping for because of issues associated with conflicts. Meanwhile, the marketplace is awaiting the mins of the United States Federal Reserve's (Fed) coverage assembly and the country's inflation statistics to be launched on Wednesday to discover new clues approximately the hobby charge path. destiny US productivity. The purchaser rate index (CPI) in March is forecast to growth through 3.four% over the identical length final year. Core CPI (except for risky meals and electricity charges), extended 3.7% annually. Experts say that CPI statistics will probably create volatility withinside the gold marketplace. Blue Line Futures leader strategist Phillip Streible stated that technical shopping for momentum will hold except CPI statistics seems to be a whole lot warmer than expected. This professional predicts that a decrease inflation file ought to convey gold to 2,four hundred USD/ounce. Bullion is visible as a hedge in opposition to inflation and geopolitical uncertainties, however better hobby costs have a tendency to lessen its appeal. However, recently, this valuable metallic has disregarded those traditional "headwinds" and constantly made breakthroughs. CME Group information suggests that the marketplace is pricing in a 53% danger that the United States Federal Reserve (Fed) will pivot its coverage in June. According to the World Gold Council, the valuable metallic`s present day rally is underpinned with the aid of using developing geopolitical chance concerns, consistent principal financial institution shopping for and consistent call for for jewelry. , bars and coins. --------------------------------------------- World Gold Price - With fluctuations from vital monetary occasions along with hobby charge decisions, CPI and statements from relevant financial institution officials, international gold fees can vary significantly. - Normally, gold fees have a tendency to growth whilst there are worries approximately inflation or uncertainty approximately the worldwide monetary situation, and conversely, lower whilst there are fantastic indicators approximately monetary increase and economic stability. .
OANDA:XAUUSDLong
by TheLeader_WOLF
XAUUSD Increased intensity, many surprising factorsGOLD is presently growing precisely as I expected. Anyone who watched yesterday`s Tiktok Video that I published overdue will apprehend why I nonetheless went up whilst there had been mild Gold Decreases from 15>20 in rate. >Gold rate maintains to boom to the 234x area At this rate, if anybody nonetheless holds the Buy Gold Order, they need to pull the SL Positive and take 1/2 profit. Today Continue watching for extra New reactions to go into Buy. >A Canh Session Gold Buy GOLD round 2334>2338 SL 2333 TP 2346>235x >Temporary Selling Rhythm I have not visible any symptoms and symptoms of a reversal yet, so do not sell. If there may be any information, I will replace extra 👌❤️❤️ -------------NEWS------------ Today`s gold rate withinside the international improved dramatically withinside the context of China, Türkiye, India, Kazakhstan and a few Eastern European nations shopping for this treasured metallic to boom forex reserves. This element makes speculators anticipate gold charges to boom. Accordingly, they improved their shopping for role via way of means of 20,493 contracts, to 178,213 contracts. Bart Melek - commodity analyst at TD Securities, stated that vital financial institution shopping for and geopolitical tensions are elements helping international gold charges. Meanwhile, analysts warn that when greater than a 12 months when you consider that 3 banks withinside the US collapsed, the operations of many banks are nevertheless broken because of trouble in convalescing the mortgage amount. Perhaps this facts has stimulated monetary traders to boom the want to refuge capital in treasured metals.
OANDA:XAUUSDLong
by TheLeader_WOLF