Gold price is positive based on US economic data⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to capitalize on the previous day's bounce from a three-week low and trades within a narrow range during the Asian session. Bullish traders are favored due to expectations of a Federal Reserve interest rate cut later this year, supported by recent US macro data indicating a slowdown in manufacturing activity and the economy. This has resulted in the US Dollar (USD) declining to a near two-month low, benefiting gold as a safe-haven asset.
⭐️ Personal comments NOVA:
Gold price is positive thanks to good economic data at the beginning of the week for Gold - large amplitude sideway. The H4 long-term framework still supports continued decline and correction
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2325 - $2327 SL $2320
TP1: $2335
TP2: $2342
TP3: $2350
🔥SELL GOLD zone: $2374 - $2376 SL $2381
TP1: $2360
TP2: $2350
TP3: $2340
⭐️ 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
Xauusdbuy
Wide fluctuations in the area, sell high and buy low tradingStimulated by the risk aversion news, gold rose again to around 2355. I have already reminded you in my article yesterday. Gold is still not in a bearish trend overall. If gold rebounds to the 2345-2350 area and then falls, gold is still expected to test a new low, but the time period will be extended.
Gold fell back to around 2326 in the short term. Judging from the current trend of gold, I expect that before the NFP market, gold will most likely maintain a wide range of fluctuations. It is difficult to break through the upper side, and there is a solid support below. Therefore, before NFP, the performance of both long and short sides will not continue. Then we can use the support and resistance areas to sell high and buy low in the transaction.
At present, gold has fallen back, and we can participate in the short-term long gold in time. In the short term, we first focus on the support of 2330-2325 area, and the resistance of 2345-2350 area on the upper side.
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. !
XAUUSD There is a strong upward correction through the 235x areaLast night time GOLD had a sturdy upward correction thru the 235x location. Currently, concerning the Trend, I see that GOLD is absolutely at the Buy side. This morning, Asian Gold consultation had a mild downward fashion following RSI to the resistance location 2343>2346. With this mild adjustment, in line with Minh Gold, there could be extra reactions on this zone. Because the weekend has very sturdy news, on weekdays I additionally advocate anyone to play Vol toddler safely. The marketplace remains going for walks so there's no scarcity of possibilities for anyone to trade 👌
> With the Current Price Plan, I will Buy Gold According to the response of Resistance and Ma in body M30 and above.
> Buy GOLD round 2342>2345
SL 2340
City 2356>2368
Today I will comply with Ma buying and selling in essential frames. If you comply with this fee model, Gold has three peaks at 2362>2360>2454. Then, if there's handiest one sturdy shopping for rhythm to interrupt thru this accumulation model, Gold can without difficulty growth strongly again. And if Gold follows this resistance plan, I will anticipate extra clean reactions earlier than Selling 👌👌
XAUUSD tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
XAUUSD - dropped deeply as plannedSELL xauusd
2330-TP 2320
-
2340-TP 2320
--
Forecasts and comments
In May, global gold charges witnessed mild however constant growth, with a complete growth of 1.8% as compared to April, peaking at 2,449.89 USD/ounce on May 20. This is the fourth consecutive month of charge increases. According to Mr. Tai Wong, a valuable metals dealer in New York, the mild decline in gold charges can be a short-time period correction after a chain of recoveries due to the fact the start of the year. US PCE records confirmed a 0.3% upward thrust in April, displaying symptoms and symptoms of stabilizing inflation in 2024, with center inflation growing 2.7% withinside the twelve months to March.
Expectations for the Fed to reduce hobby charges from September 2024 have reduced as April inflation become unchanged from the preceding month and nonetheless a ways from the 2% target. Dallas Fed President Lorie Logan emphasised that even though inflation is coming near target, it's far nonetheless too early to keep in mind slicing hobby charges.
Analysts at UBS forecast that gold charges may want to upward thrust to $2,500/ounce in September and attain $2,600/ounce through the give up of the year. UBS additionally predicts that gold charges may want to attain 2,seven hundred USD/ounce through June 2025.
XAUUSD I Neutral bias with future interest at the bottom rangeWelcome back! Let me know your thoughts in the comments!
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XAU/USD Longs back up to 2,340 or higherMy analysis for gold this week is based on the imminent mitigation of the 19-hour demand zone I marked out last week. This key level has caught my interest, and I anticipate a strong reaction from this high-quality demand area.
On Monday, I will wait for a sweep of the Asian low in the form of a spring and look for a Wyckoff accumulation to take place. This will be my signal to enter buys, aiming to ride the price back up to the next supply zone, where I expect a bearish move to occur.
Confluences for gold buys:
- Price is in a 19hr demand zone that has caused a BOS to the upside
- Price has already slowed down momentum and could be a good sign for buys back up.
- There's a trendline above that needs to be taken as well as untouched asia highs
- Price is overall bullish on the higher time frame. Could be a start of a new rally.
P.S. If the price breaks the current zone, I will look to take buys from a 4-hour demand zone below, as it is at a more favorable price. However, I will wait for lower time frame confluence before entering.
XAUUSD - lost bullish positionThis morning I noticed that there has been a moderate downtrend, barely trying out the 2338>2340 region once more.
As I shared yesterday, if Gold breaks via the forty five.forty five Zone and can't be strong, it'll surely lower to retest the Buyer`s Zone and the MA Wave.
>Currently, the Trend in H4 and D1 is displaying a lower and in quick spans, I suppose Gold can nevertheless increase.
>I Will Watch To Buy GOLD 2332>2336
SL 2300
TP 2346>236x
>If Gold declines beyond 2330 or will increase once more with out breaking beyond 2346>2350, I can even sell.
Watch to Sell When Gold retests at 46>50 or breaks via 2330 at this rate, I will watch for greater reactions to Sell. Temporarily, I'm looking out to Buy GOLD in keeping with RSI too. Sell at Frame M15 and the Buyer's Resistance Zone, everyone 👌
XAUUSD is currently retesting the Bottom of the weekGOLD has presently retested the Bottom of the week and is absolutely beneath the MA line. According to this rhythm, anybody need to extrade the path of the Sell Wave lower back to Area 2310 after which New Canh reacts to the Support resistance or Rsi is simply too Sell after which Buy.
>Like the present day Gold Wave, I will watch the transaction in 2 directions. Gold Sell Soup on Zone 2336>2338
SL 2340
City 2330>2326
Buy GOLD in step with the candlestick location of the antique backside thru Area 2325>2328
SL 2323
TP 2336>2340
XAUUSD:Bullish, pay attention to the resistance near 2368
The gold small-level trend indicator has formed a bullish trend. Before the US market, the main trend is long. Today's important resistance is still around 2368.
The unemployment benefit data to be released during the US market is expected to be favorable to gold bulls. In addition, there is a choice of direction in the market at present, so the volatility will be very intense at that time.
If I make a mistake in my prediction, if there is no good risk management measure at that time, the loss will inevitably be relatively large, so everyone must be cautious when trading and do not put their accounts at risk of being burned.
If you have any questions, feel free to leave me a message.
Good day, good luck to everyone!
Go long gold first, then go short goldGold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue to rebound. However, last week's high black candlestick chart was engulfed, laying the foundation for bearishness this week. The overnight strong impact also failed to break through the 2365 key point, indicating that there are still a lot of short pressure above 2360. So overall I still tend to be bearish on gold.
However, gold has now fallen back to around 2340. Before gold fails to fall below the 2335-2330 area, gold bulls still have room to fight back. So for the time being, I will not be too bearish on gold. In terms of short-term trading, I think both long and short sides have the potential to make profits.
So it has fallen back to around 2340. We can first participate in short-term long gold. After gold rebounds, we can consider shorting gold at the right time!
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. !
XAUUSD: 2368-2373 is a good short trading range
In the past day, gold reached a high of around 2364, just one step away from the resistance. Today's focus is still on whether the resistance is broken or not.
Judging from the current market situation, I still want to try the resistance. It depends on whether I can accumulate enough bullish power in the 2347-2334 range during the backtest. If I can, then there is hope for the first attempt at resistance today.
If I want to break through the resistance and achieve the resistance in the range of 2383-2391, there is little chance today. The focus is on tomorrow's data. If it is favorable to gold bulls, then this possibility will be greater.
Today's trading focus is on the resistance range of 2368-2373. If it can reach this position, it will be a better short trading area. If it cannot be reached, continue to maintain the strategy of going long at a low position.
Friends who need detailed trading signals can leave me a message to receive them.
Gold +100 Pips 0 Drawdown , New Entry Valid To Get 250 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold will continue to search for lows. Gold is for sale now.
The operation still uses the 2370 position as the short-term long-short conversion point. The U.S. session is about to start, and I think a new decline is going to be too, because there is still news from the U.S. today. All can currently be sold at high prices.
The target is about 2354-2358 or lower. Everyone sets it according to their own profit goals.
COMEX:GC1! OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
XAUUSD - short term is still completely on the buy side💎XAUUSD Analysis💎
🔸The short-time period gold rate continues to be retaining an uptrend, specifically after checking out the 2347 neckline yesterday. Therefore, nowadays it's far anticipated that gold will preserve to upward thrust to discover the resistance vicinity across the 2370-2375 threshold. You can bear in mind shopping for across the 2350-2355 vicinity, that is the vicinity touching the preceding fashion line.
⚜️BUY LIMIT XAUUSD⚜️
(The order takes impact inside 24 hours)
👉ENTRY 2348-2350
🔺SL 2344
❇️TP1 2356
❇️TP2 2362
❇️TP3 2370
--
Gold fee forecast
Thus, it's miles possibly that the Fed will nevertheless opposite economic coverage withinside the 2d 1/2 of of 2024. At that time, the USD may have issue ultimate at its contemporary level.
After hovering to 105.2 factors on the give up of ultimate week, the DXY index - measuring the fluctuation of the dollar towards 6 primary currencies - at the start of the May 28 session (US time) dropped to 104. ,four factors.
Gold costs extended sharply way to the commodity intently associated with gold, WTI oil, which extended through 1.5%, to almost 78.nine USD/barrel.
On Kitco, consistent with Kim Cramer Larsson, an professional from Saxo Bank, gold is once more in a fee growth after ultimate week`s plunge. Accordingly, if gold breaks the resistance threshold of 2,385 USD/ounce, gold will go back to its preceding uptrend. The goal can be 2,500 USD/ounce.
GOLD - The bulls completely dominated the marketGold Currently I see it reacting pretty definitely to the present day parallel Resistance Zone. In order for Gold to boom strongly returned to the 238x quarter or similarly to 24xx, Gold have to at the least spoil via this 2366 Reaction Zone soon. Otherwise, I bet there can be a time to check the 234x location once more, then Gold will boom strongly.
>Like Today you could confer with Gold`s Reaction Soup round paragraph 2351>2355 To Buy
SL 2348
TP 2365>237x
Currently, I see that Gold is walking absolutely at the Ma line, so I will wait and purchase once more following the response to Ma in Frames M30 and H1. Also, look ahead to response vs resistance on this location to shop for once more.
If you've got got any questions, please inbox me so I can proportion more
Gold recovered slightly - XAU increased⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises on Tuesday after hitting two-week lows of $2,325. The increase is supported by a weaker US Dollar (USD) and safe-haven demand due to geopolitical tensions in the Middle East. However, higher short-term Treasury yields and strong US economic data may strengthen the USD. Traders are cautious ahead of key US inflation data this week. The US Conference Board’s Consumer Confidence and speeches from Fed officials are scheduled for Tuesday. The US Core PCE Price Index on Friday will be closely watched. If there are more hawkish comments from the Fed and signs of persistent inflation, traders may reconsider expectations of a rate cut, leading to a stronger USD and downward pressure on gold prices.
⭐️ Personal comments NOVA:
Gold prices recovered slightly at the beginning of the week when there was not much important economic news, mainly sideways
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2334 - $2336 SL $2330 scalping
TP1: $2342
TP2: $2350
TP3: $2360
🔥BUY GOLD zone: $2309 - $2307 SL $2302
TP1: $2315
TP2: $2322
TP3: $2330
🔥SELL GOLD zone: $2378 - $2380 SL $2385
TP1: $2370
TP2: $2360
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
Gold is mainly long, supplemented by short sellingA successful investor is not about how much profit he makes, but how well he controls risks. Since we cannot control the market, we must learn to control ourselves. Those who don't understand the stop loss will get deeper and deeper, and the longer they will get tighter. An investor can gradually become stronger after being baptized and tempered by the market for a long time, and this strength will be continuous and step-by-step. This strength is the foundation for embarking on the road to profitability. I think investment friends still need to have a rough judgment on the market. Looking for analysts is not just for temporary operating strategies. In fact, it is more about learning technology and analytical skills. And improve your own operating habits through the assistance of analysts, etc. If you make good investments while continuously improving your abilities, I believe you will go further on the investment road! After all, investing is a long-term process.
On Wednesday, affected by Federal Reserve Chairman Powell's speech, spot gold prices soared by nearly $33; after the Federal Reserve kept interest rates unchanged and announced that it would slow down the pace of reducing its balance sheet, gold prices rose sharply above the $2,300 mark on Wednesday. Additionally, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on rate cuts for the rest of the year. Powell said that the next step is unlikely to be to raise interest rates, which also makes this NEW conference far less hawkish than market expectations, at least raising interest rates is not on the table. This statement caused the dollar to plummet and stimulated a surge in gold prices.
In today's short-term operation of gold, it is recommended to focus on long callbacks, supplemented by rebounds from high altitudes. The upper short-term focus will be on the 2325-2330 first-line resistance, and the lower short-term focus will be on the 2300-2295 first-line support.
Gold’s bullish thinking remains unchangedThis week’s focus will be on Thursday’s revised annualized quarterly rate of U.S. real GDP in the first quarter and Friday’s U.S. April core PCE, especially the U.S. April core PCE, the Fed’s most favored inflation indicator, which will be released on Friday. The index better reflects underlying inflation. If the data exceeds expectations, it may fuel expectations that the Federal Reserve will keep interest rates unchanged in September and boost the dollar. On the other hand, if the data is lower than expected, it will push gold prices higher.
In terms of short-term layout, in the big cycle, our bullish rhythm remains unchanged, coupled with our judgment and expectation that the 2325 position will form a callback low. Next, the layout around low and long positions has become inevitable. In the weekly review, we have given clear point ideas for this week's operations. The support to focus on at the opening of this week is the support of 2328/30. Just continue to be bullish around this line, and focus on the breakthrough of 2348.
2368 is the key point, a double bottom cannot be ruled out
Gold currently continues to focus on the resistance near 2368, which is the focus of the current trend shift, so if you are trading in the general trend, this position cannot be ignored.
If it cannot break through 2368, bulls may counterattack at any time, so the risk of going long at a low level is relatively small.
But once it breaks through 2368, you need to be wary of another outbreak of shorts. If you want to chase longs, you must be cautious. As long as there is profit, you must not be too greedy. Taking profits in time is the safe way to trade.
The view of the general trend remains unchanged, the strong resistance for rebound is 2368-2383-2391, and the short target is 2280-2230-2200. I wish everyone good luck and feel free to leave me a message if you have any questions.