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XAUUSD: Bulls to continue strong momentum! Next target is $2450OANDA:XAUUSD
Price reached to 2395 which remained a key area for price to make some corrections. We expect price to drop a little bit more and then bounce strongly afterwards. Price previously have left strong wick rejections at our area of entry.
Good Luck and trade safe.
Gold prices rebounded sharply, signaling instabilityfinal night time I additionally shared approximately GOLD in keeping with Trend, it's going to maximum possibly growth strongly to 2450.
This morning once I opened the consultation, I noticed Tang Manh, however I become afraid that the consultation might be smooth to run virtual, so now I endorse it.
>At this price, I see GOLD is gathering to growth further. It is predicted that this Wave GOLD will maximum possibly growth through 2500. Everyone who's HOLD Buying or protecting Burmese Gold is already strong ❤️❤️
>At this rate, absolutely each person can confer with Buy GOLD round 2428>2432
SL 2426
TP 2444>245x.
GOLD is presently withinside the Large Frame and RSI has pronounced achieving the overbought zone. But for the time being, in case you need to attend to promote, I endorse ready to promote withinside the 244x area.
> Everyone, please refer and observe this sample to trade.
GOOD LUCK MN ❤️❤️
Gold will continue to break through all-time highs
Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support.
This week I tested the support here at 2335 many times, but failed to fall.
From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains.
The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335.
If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later.
I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400.
Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400.
At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
💡 XAUUSD: Analysis May 17Gold decreased yesterday, creating a bearish pinbar on D1. This price action shows resistance around the old peak confluence + round number 2,400. Gold D1 chart structure shows that the price is moving sideways in an upward trend.
Gold is pulling back down, falling to retest the confluence zone + the downward sloping trend line. Because the upward price trend is still the dominant trend in this time frame and also in D1, H1 gold today can wait for the upward push to complete the 1-2-3 pattern to create a bottom before retesting to buy. In case the price is pulled back down deeper, you can wait to buy H1 Gold from the trend line confluence below.
💡H1 trend: Gold moves sideways.
Today trading idea: Buy gold.
Heading towards new ATH zones for Gold✍️ NOVA hello everyone, Let's comment on gold price next week from 5/20 - 5/24/2024
🔥 World situation:
Speculation about the Federal Reserve potentially lowering rates in 2024 resurfaced, but Fed officials remain cautious and emphasize that one positive inflation reading is not sufficient. Market expectations for a rate cut decreased slightly, according to the fed funds rate December 2024 futures contract.
🔥 Identify:
Gold price grew strongly last week according to H4 chart, still an optimistic sentiment for the Gold market. The world military situation is still more tense than ever, Gold prices continue to increase sharply to reach new ATH
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2430, $2457, $2483
Support : $2395, $2370, $2330
🔥 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
XAU/USD Longs from 2380 or 2340 back up to ATH.My bias this week is to look for buying opportunities to reach the all-time high liquidity. The price has been very bullish, breaking structure to the upside, which aligns with the overall trend. I will focus on near-term demand zones to continue this trend, expecting the price to retrace and mitigate one of these zones.
I will monitor either the 15-hour or 17-hour demand zones for signs of price slowing down and forming a Wyckoff accumulation pattern. If the price continues to rise and creates a new all-time high, I will then look for potential sell opportunities as the price comes back down.
Confluences for GOLD Buys are as follows:
- Price broke structure the upside on the higher time frame leaving new zones.
- These higher highs and higher lows indicate the rise of a new uptrend.
- New demand zones are left on the 15hr and the 17hr where I can look for potential buys.
- Still lots of liquidity to the upside that needs to be taken i.e. ATH's
P.S. Once the price enters these zones, I will focus on buying opportunities, as I prefer to trade with the trend. I will only consider short positions if the price significantly breaks down.
With little news this week, happy trading, and I hope you all have a great week!
Still hoping for Gold's Uptrend ! $2400⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The gold price (XAU/USD) is trading bearishly after falling from the $2,400 level. The recent rise in precious metals was driven by lower-than-expected US inflation data in April, which raised hopes of rate cuts by the Fed. However, comments from Fed officials on Thursday signaled that interest rates may not be cut this year, boosting the US Dollar and pushing the price of gold down. With no major US economic data, investors will be watching for hints about future monetary policy from Fed speakers Kashkari, Waller, and Daly later today.
⭐️ Personal comments NOVA:
Gold still moves within the Uptrend line - view in Q2 2024 still main Uptrend. The FED has not yet shown any signs of cutting interest rates anytime soon
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2367 - $2369 SL $2364 scalping ( Used for Asian and European sessions )
TP1: $2375
TP2: $2382
TP3: $2390
🔥BUY GOLD zone: $2356 - $2358 SL $2350
TP1: $2370
TP2: $2385
TP3: $2400
🔥SELL GOLD zone: $2409 - $2411 SL $2416
TP1: $2400
TP2: $2390
TP3: $2380
⭐️ 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
💡 XAUUSD: Analysis May 16Gold increased with bar D1 having a wider range than some recent price bars yesterday, showing good buying pressure during the day. The price was pushed out of the previous Inside bar model, creating upward price momentum. But now the price is approaching the resistance confluence + round number 2,400 so it may level off. D1 Gold chart structure is cumulative sideways in an overall uptrend.
The upward trend in price continued in H1 when the price created a new peak after yesterday's upward push. However, because D1 has approached the resistance confluence, it may stall at this time. The main trend for H1 Gold today is to wait to buy from the supports below, to catch price pullbacks, not to chase above.
💡H1 trend: Gold increases.
Today trading idea: Buy Gold.
Close all short positions and buy goldI shorted gold at 2385, 2390 and 2395 overnight according to the trading strategy. If you read my last article carefully, I believe you have not missed the short trading plan. Currently, gold has fallen back to around 2383. I have Closed all short positions at 2384 and is considering going long gold.
Although gold continued to fall today, it showed strong resilience during the decline. Yesterday I mentioned in the article that before gold hits the 2400 target, there must be a need for a correction, which will be more conducive for gold to hit 2400 or even higher. I originally expected gold to fall back to the 2375-2370 area, but based on the current strength of gold's decline, gold does not even have the ability to fall below the 2380-2375 area support.
So in the short term, I think gold has pulled back enough so I closed all my short positions. And I am considering going long gold around the 2380-2375 area support, target: 2402.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold price continues to trend UP !! XAU INCREASE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold rose due to a weaker US Dollar. The recent CPI report indicated slower inflation in the US, leading to expectations of rate cuts by the Fed. Lower interest rates benefit gold investment. Traders will monitor various economic indicators and speeches by Fed officials, which could impact the US Dollar and limit gold's potential gains.
⭐️ Personal comments NOVA:
Yesterday's economic data such as CPI contributed to a stable increase in Gold. The long-term H4 frame shows that Gold continues to increase, returning to the old peak of 2430 is entirely possible.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2390
TP3: $2410
🔥SELL GOLD zone: $2410 - $2412 SL $2417
TP1: $2400
TP2: $2392
TP3: $2380
⭐️ 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
World gold prices continued to increase quite strongly for the sWorld gold spot price is around 2,395.3 USD/ounce, up 25.3 USD/ounce compared to overnight. Gold futures price in June 2024 on the Comex New York floor is at 2,398.8 USD/ounce.
Gold price today is trading on the world market at 2,370 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,374 USD/ounce.
World gold price on the night of May 15 is about 14.9% higher (307 USD/ounce) compared to the end of 2023. World gold price converted by USD bank price is 73.5 million VND/tael, including Taxes and fees are about 16.7 million VND/tael lower, so the domestic gold price is as of the last afternoon of May 15.
World gold prices continued to increase quite strongly for the second consecutive session. According to the US Department of Labor, the consumer price index (CPI) increased by 0.3% in April, lower than the previous month's increase and lower than the forecast of a 0.4% increase by experts in the Dow poll. Jones.
💡 XAUUSD: Analysis May 15After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430.
In the event of a bearish reversal and drop below $2,350, there is no significant support area nearby, suggesting that any downward movement could progress towards $2,280 - the relevant technical floor next on the map. Further losses below this point could give way to a drop to $2,260, a key area corresponding to the 38.2% Fibonacci level of the 2024 rally.
XAUUSD has now increased to 239x.GOLD has now accelerated to 239x. With this Trend, it's miles very feasible that Gold will growth through 24xx withinside the quick term, all and sundry. If everybody has been following current movies or comments, from these days I advocate and percentage with all and sundry the Perspective of Buying GOLD from the location 2306>2308.
>Today I`m nevertheless following the uptrend, however I'm additionally going to promote on small beats and comply with Rsi too. Buy on huge frames.
>With Current Price, You Can Buy GOLD Around 2383>2386
SL 2380
TP 2396>24xx
>Certainly Today Gold can even have mild reversals while reacting to Rsi being overbought. When selling, you must simply attempt to promote. Surf from 3>four prices, then take a look at the candles with MA and change in keeping with an appropriate trend.
GOOD LUCK MN ❤️❤️
CPI, an opportunity for Gold prices to continue to increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The gold price (XAU/USD) rose slightly due to a weaker US Dollar (USD). Factors like strong demand, central bank purchases, and geopolitical risks in the Middle East supported gold. However, hawkish comments from Federal Reserve officials, including Chairman Jerome Powell's suggestion of higher interest rates for a longer period, may push gold lower in the short term.
Later today, the US Consumer Price Index (CPI) for April will be released, providing insight into the timing of the Fed's rate adjustments. Additionally, Retail Sales for April will be published, offering information on consumer spending trends. If inflation data exceeds expectations, the Fed may adopt a more aggressive stance, strengthening the Greenback and putting pressure on USD-denominated gold.
⭐️ Personal comments NOVA:
Today's CPI data continues to be evaluated by experts in favor of Gold. Gold price is still moving within the H4 long-term price increase range. Today's expected resistance levels are $2376, $2390
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2346 - $2348 SL $2343 scalping (European and Asian sessions )
TP1: $2352
TP2: $2358
TP3: $2370
🔥SELL GOLD zone: $2376 - $2378 SL $2381( scalping )(European and Asian sessions )
TP1: $2370
TP2: $2365
TP3: $2358
🔥SELL GOLD zone: $2390 - $2392 SL $2397
TP1: $2380
TP2: $2370
TP3: $2358
⭐️ 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
CPI signal 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 2364
Target 2400