Something big is coming, Target 2400-2500Weekly chart is pricing something big.
There is a cup & handle formation
Also an Reverse H & S formation which targets 2400-2500.
Xauusdbuy
Gold Long Term CycleA follow up from the 15 year Cycle Gold is going through - Forget the news it's part of the cycle.
Gold LTCThe move your seeing that's happening with Gold now is part of the 15 year Cycle...
Still loads of room to breathe.
Gold prices suddenly increased sharply on the weekend@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379
>Today, all traders are watching to sell GOLD according to RSI around the 2395-2400 range
SL 2405
TP 2370-2380
Buying Momentum Gold is currently very high so I have not determined a specific entry point. Temporarily, Canh Sell's family has any reaction. I will update more 👌👌❤️❤️
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Following the inflation records, buyers wager that the Fed should begin slicing hobby prices at its assembly in overdue July. Gold is historically referred to as an inflation hedge however hobby prices better reduces the enchantment of protecting gold.
Meanwhile, records posted withinside the center of this week confirmed that purchaser fees withinside the US in March accelerated more potent than expected. According to the mins of the March coverage assembly, Fed officers additionally stated that it's far viable that the Fed will should postpone the timing of loosening economic coverage.
According to Invesco funding strategist Kristina Hooper, despite the fact that it can postpone the easing cycle till later this year, americaA Central Bank has made it clean that hobby prices will fall and that view is the primary cause why The excessive possibility fee of protecting gold can't prevent traders from leaping into the market.
Gold Holds Steady Amidst Strong Economic DataXAUUSD continues to hold steady even in the face of strong economic news. A range between 2366 and 2330 is being established, with buyers and sellers vying for lower price levels.
Today, the market awaits PMI and Initial Jobless Claims announcements. Yesterday, we saw CPI figures higher at 0.4% instead of the expected 0.3%, with inflation rates at 3.5%. This scenario, generally deemed unfavorable by the market, has bolstered the dollar. Gold has experienced some fluctuations, but the bullish camp persists in maintaining prices above 2330. It remains uncertain how long they will hold, with a series of crucial news events ahead.
Gold may test support levels as part of a correction, but given its high utility as a hedge asset amidst geopolitical and economic uncertainties, theoretically, gold may continue to thrive.
A price recovery is expected post-correction, touching the trendline and retesting the EMA 34,89.
XAUUSD:Short, target 2305
The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious.
At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range. I suggest short orders as the main trading direction.
For small targets, you can first see the 2327-2321 support range, and for large targets, the 2305-2292 range.
Gold Price Hits Record HighGold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold.
Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching. If gold price breaks below this level, it may trigger a short-term price decline. If subsequent support levels are also breached, it could signal a prolonged period of downward movement. This indicates that the gold market is experiencing volatility and uncertainty.
Gold Prices in Uptrend: Analyzing the TrendA rise in XAU/USD can be identified by the increasing price, although it may not be immediately apparent at the current rate.
- Technical indicators such as the Relative Strength Index (RSI) help signal prolonged overbought conditions. In such instances, observing the chart stuck in a bullish outlook alongside the moving average for a period could aid in confirming the bullish RSI indications and underlying data. The momentum of the indicator is beginning to turn positive.
Gold Price Analysis: Identifying Buy Signals in Upward Trends1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud.
2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color.
3. Chikou-Span is above the price line and the wider the gap, the better.
If all these signals occur simultaneously, investors may execute a Buy order in favor of the potential uptrend. Reversal Buy orders follow similar signals, but investors need to accurately identify the trend (signals indicating weakening trends, potential reversal signs).Entry Point: Based on bullish green candle signals at convergence zones of indicators.
Stop Loss: Below the nearest and significant support. Always remember to manage your account, be prepared to allocate for Stop Loss from 5% - 8% of the account.
Take Profit: At key Fibonacci Extension levels, ensuring the trader's Risk-Reward ratio.
The Sonic R. System: Early Entry Opportunities and Risk ManagemeThe basic entry in the Sonic R. System is referred to as the "Classic" entry. Following the initial Classic entry, there are sometimes pullbacks that create opportunities for a "Probe" re-entry. At times, even before the Classic setup forms, price action alone suggests early Probe entry opportunities.
Two examples of early Probe entry opportunities are:
1. Suitable Swing High/Swing Low pattern in the opposite direction of a recently completed large swing.
2. A breakout from a price compression zone before the Classic setup forms.
The least risky application of the Sonic R. System involves using PVSRA to determine:
- Whether the Market Maker entities are buying or selling.
- Whether the price is running for profits (trend continuation) or building positions (counter-trend).
Only trade Classic and Probe setups when the price is moving in the same direction as the MM entities, aligning with their "run for profits" direction.
Bullish speculators may pull the price down to buy (position building) before they start pushing the price up for profits. Even in the early stage of an uptrend (run for profits), they pull the price down to accumulate. The trading opportunity here is to buy early on retracements during the run for profits phase of an uptrend.
Bearish speculators may push the price up to sell (position building) before they start pushing the price down for profits. Even in the early stage of a downtrend (run for profits), they push the price up to add to their short positions. The trading opportunity here is to sell early on retracements during the run for profits phase of a downtrend.
It's crucial to understand that while we may identify whether the MM is bullish or bearish, we cannot know when they will complete their position building and start pushing the price for profits. To avoid getting trapped in a trade during an extended position-building phase in the opposite direction, it's best to wait for early trading opportunities on retracements during the run for profits phase.
Gold Market Analysis: Trends and InsightsIn Wednesday's US trading session, gold prices unexpectedly rebounded following previous volatility, possibly due to the increase in the US dollar and bond yields. This led to a reduction in expectations for the Federal Reserve to cut interest rates in the near future.
On the 4-hour chart, the upward trend of gold remains clearly intact. The Simple Moving Average (SMA) continues to point strongly upwards, showing no signs of correction. Additionally, the Relative Strength Index (RSI) remains stable around the 60 level, indicating decreasing selling pressure. This suggests that gold prices may experience significant upward movement in the coming period.
Gold Continues to Rise Despite USD Cooling OffGold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off.
However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three main reasons driving its record-breaking surge:
Firstly, political turmoil is driving investors towards gold. Conflicts in Ukraine and Gaza persist, with the risk of escalation to other nations lingering in the market. Investors and governments alike are wary of the consequences of these conflicts, and gold is seen as one of the most effective hedge assets against such concerns.
Secondly, central banks continue to buy gold. Data from the World Gold Council shows that global central bank gold reserves increased by 19 tons in February.
Thirdly, gold is considered a hedge against inflation. Gold often sees a resurgence when inflation tends to rise, thereby preserving the value of money.
In terms of news, this week sees relatively few economic data releases. The highlights include the US Consumer Price Index (CPI) report for March, expected on Wednesday (April 10), followed by the Producer Price Index (PPI) and weekly initial jobless claims data from the US on Thursday (April 11).
Gold Prices Soar Despite Positive US Employment DataDespite the release of better-than-expected US employment figures, the global gold market has seen a significant surge, reaching new record highs during weekend trading sessions. This marks the third consecutive week of gains for the precious metal.
Recent developments, including the robustness of the economy and inflation data, prompted Federal Reserve Chairman Jerome Powell to reiterate the stance that the US central bank has ample time to deliberate on the timing of its first interest rate cut. According to CME FedWatch, traders are currently indicating a 60% probability of a rate cut in June.
In conclusion, I hold a strong optimistic outlook on the potential for gold prices to reach $2500 per ounce. With central banks continuing to bolster their gold reserves for diversification purposes, higher US bond yields or a stronger US dollar are unlikely to impede gold's upward trajectory.
Analyzing Gold Price Trends: Insights and PredictionsExamining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.
Gold Price Analysis Using Elliott Wave Theory and FibonacciUsing Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are:
- Conversely, sometimes wave 5 cannot extend beyond the end of wave 3. This is called truncation.
- Wave 5 often extends or cuts down the trend line drawn parallel from wave 3 with the trend line connecting the start of wave 3 and wave 5.
Gold Price Dynamics: Understanding Market Waves"Wave 1: The gold market experiences its initial uptick. This is driven by a small group of individuals who, for some reason, perceive gold prices as cheap and see this as a good buying opportunity. This drives prices up.
Wave 2: At this point, some early buyers feel that gold has become overvalued and begin to take profits, causing prices to decline. However, prices do not return to the initial low levels.
Wave 3: This is typically the longest and strongest wave. Many people recognize the potential and want to buy in. This leads to a significant increase in gold prices. Prices often break above the highest point at the end of Wave 1. Looking at the chart, we see that gold prices are currently in Wave 2."
Short-Term Dip Expected, Long-Term Outlook Remains BullishGold Forecast: Short-Term Dip Expected, Long-Term Outlook Remains Bullish"
Gold prices are poised to reach 2331, although a temporary decline is anticipated. Despite this, the long-term perspective remains optimistic, with projections indicating a correction around 2280 before ascending towards 2553. Investors are advised to consider buying during these declines to capitalize on future potential gains.
Gold sets an all-time recordYou can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using Fibonacci, I see wave 4 likely to retrace to the 0.382 or 0.236 level before running wave 5 to the 0.618 level.
CPI - factor affecting the increase in Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting the release of the US Consumer Price Index and the Federal Open Market Committee Minutes on Wednesday.
⭐️ Personal comments NOVA:
The uptrend line continues - today's CPI data, according to economic experts, is still not positive for the dollar - Gold prices still have many new rising motivations
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2370
Pay attention to the psychological resistance zone $2398-$2400
🔥SELL GOLD zone: $2371 - $2373 SL $2376 scalping
TP1: $2360
TP2: $2355
TP3: $2350
⭐️ 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: How to operate after the CPI data is released today?
The United States CPI data will be released soon, and it is still the support level to continue to do more.
On Tuesday, the gold technical surface rose first and then fell, the Asia-Europe price stabilized 2338 mark ushered in a bull shock up the high, the afternoon further accelerated to break the previous day's high 2353 mark and continued to strengthen to 2365 near the pressure fell into shock, last night between the United States twice back to stabilize 2340-45 line again rebound, The overall price accelerated to break the high after the formation of a pattern of falling volatility, the short cycle is still stable above the 2330 mark to form a strong bullish shock, yesterday's trend also confirmed this, yesterday again broke through a new high, although the United States yesterday fell back, but did not fall below yesterday morning's starting point.
This is a typical strong market, the lows are still moving up, the highs are also moving up. So the operation is still a dip to do more operation!
If you are confused about trading, please join me and I will help you out!
BUY XAUUSDI'm sharing with you again one of my trades for this week,
You can buy XAUUSD when it reaches 2308.954, SL and TP set them as in the chart.
The market will come down to liquidate at 2318.780 to get to our OB before continuing its way up.
For further info, don't hesitate to ask!
Gold rises strongly, do you want to go long after the correction
The current gold K-line is too strong, and you can continue to go long after it falls back. At present, all the K lines are big positive lines. Even if they fall back, the big positive lines directly engulf the rise, and there is almost no closing negative line. This trend is a super buying trend. The daily line has been rising for almost a month. This trend is rare. If it falls back, you can continue to go long.
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 price trades close to all-time highs with eyes on US inflation data for March. The US monthly headline and core CPI are projected to have increased at a slower pace of 0.3% in March.
Gold price trades inside Wednesday’s trading range as the US inflation data comes under the spotlight. The precious metal hovers near fresh lifetime highs around $2,360. The near-term demand remains intact as all short-to-long-term Exponential Moving Averages (EMAs) are sloping higher.
Gold now buy 2348
Target 2352
Target 2356
Target 2360
Target 2364
Target 2368
Target 2372
Target 2376
Target 2480
Target 2400
SL 2320
