XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Consolidation Phase in Short Time Frame
RSI - Divergence
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
Bullish Channel in Short Time Frame
Xauusdbuy
XAUUSD BUY ANALYSIS 15 MINS TIMEFRAMEHere gold has made a several support and resistance moving downward indicating that sellers are still in control but finally breakout from the trendline indicating that buyers has come in it expect to rise a in other to maintain the previous resistance so going for buy is expected and targeting profits should around psychological level 2355.000
XAUUSD suddenly turned around strongly yesterdayBuy 233x
TP 235x
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World gold expenses on May thirteen became down.
"The purpose can be that traders left the marketplace earlier than a few chance occasions this week, including Fed Chairman Jerome Powell`s speech, manufacturer charge index (PPI) and patron charge index (CPI) ", commented Phillip Streible - marketplace strategist at Blue Line Futures.
Tai Wong - an unbiased treasured metals investor in New York, stated gold optimists are involved that to lessen hobby quotes, the Fed nonetheless desires cooling inflation data, in preference to simply weaker exertions data. .
Last week, the treasured metallic elevated greater than 1%, after the United States introduced that the range of latest unemployment gain programs elevated quicker than forecast, reinforcing the opportunity of hobby charge cuts.
In a Reuters survey, a majority of economists now assume the Fed to reduce hobby quotes two times this year, beginning in September. CME FedWatch hobby charge tracker additionally suggests traders making a bet at the chance of the corporation This decreased hobby quotes in September through 63%.
Low hobby quotes will gain gold, because the tool will pay no hobby. Today, the United States will announce the manufacturer charge index (PPI) and the following day the patron charge index (CPI).
Other treasured metals additionally went up yesterday. Silver expenses elevated 0.3% to 28.2 USD an ounce. Platinum introduced 0.6%, to 1,000 USD - the best in almost a year.
Don’t be afraid, the pullback is an opportunity to go long gold Gold fell back to around 2365 today, then fluctuated and fell, and currently fell to its lowest level near 2339 and rebounded again. Gold did not fall below the 2335 position during the adjustment process, so gold as a whole still maintains a bullish pattern, and the upward trend has not changed. Therefore, gold will rise again after a short-term pullback.
Judging from the current structure of gold, although gold rose to around 2378 on Friday with the help of news stimulation, it still faces multiple resistances above, so it will take some time for gold to try to hit the 2400 position again. Therefore, there is a demand for gold to pull back to confirm support in the short term. During the correction, gold did not fall below the important short-term support area of 2335, and the bullish pattern of gold was not destroyed, so gold still has room to rise. Therefore, overall, the room for gold's correction is limited, and it is expected that after gold falls slightly, it will still be dominated by a rebound and upward tone.
Then we first focus on the support of the 2338-2236 area below; as long as gold does not fall below this area, a gold correction is an opportunity to go long gold. The top will first focus on the resistance in the 2355-2360 area, which is also the first target area for long gold, and then focus on the 2370-2375 area. Therefore, in the next trading rhythm, we will mainly focus on long gold after the pullback.
XAUUSD:Mainly short
The current chart pattern of the large level (4h) is in a short trend. After the small level has fallen, there is a rebound demand, so this week's trading focus is mainly on short selling after the rebound.
Friends who want to catch the rebound market should pay attention to risk control and it is best not to be too greedy! The short target will first look at the 233-2323 range.
GOLD an EPIC FAILThis time i definitely made an epic fail on GOLD. I was expecting a drop below the short term trendline, but i price went in the opposite direction and price pumped till the resistance level i drawed some days ago. I was studying this move, and actually i think that XAU reached a possible bounce level to resume the upside moves. Price actually is ranging above the short term resistance trendline (now support, retest completed) and it's also in a strong support zone on H1/H4 timeframe (the black box). I think that price could bounce now, otherwise a drop below the black box could give some short opportunity. I will watch the price closely waiting for a signal
XAUUSD: Go long in the 2358-2352 range
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
Gold’s pullback gives opportunity to go longLast Friday, as weak U.S. economic data supported the possibility of the Federal Reserve cutting interest rates, the price of gold rose sharply, once rising to 2,378. Investors are paying attention to Powell's speech this week, as well as CPI data.
Gold's rise and fall are basically in place. On the one-hour line, bulls are firmly holding the key watershed of 2352, and the first support level of the moving average has now reached the 2360 line. Although the price of gold fell slightly below the moving average support level, the daily closing positive last Friday gave us a clear direction.
💡 XAUUSD: Is the gold trend clear yet?After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish pin bar model on daily. Therefore, buying at this time still has many potential risks, you should wait and observe more.
XAUUSD: Technical analysis of XAUUSD todayThe dollar steadied on Friday after losing ground in the previous session on weak jobs data, while sterling edged up following stronger-than-expected growth figures.
At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading just higher at 105.115.
The USD is on track for small gains this week
The USD steadied on Friday and is on course to gain slightly this week after falling on Thursday after data released showing a larger-than-expected gain in {ecl-294||topic data unemployment benefits request}} weekly.
This evidence of a cooling US labor market has bolstered some expectations that the Federal Reserve will begin cutting interest rates in September.
This week's xauusd is likely to fluctuate strongly due to newsIf every body accompanied closing night, I analyzed in pretty element the Gold Price Range and Ma`s Trend.
>With the Current Price Range and Marginal Margin, this Morning anyone is looking to Buy GOLD round Zone 2352>2356
SL 2350
TP 2362>237x
>Because the principle fashion of the marketplace is Buy, Gold can nonetheless boom returned to 24xx withinside the close to future.
>
>If the Asian Gold Session drops beyond 2350, I will replace more. Currently, anyone can purchase consistent with the large body fashion for me.
GOOD LUCK MN ❤️❤️
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James Stanley, senior marketplace strategist at Forex, stated the technical chart suggests a wonderful outlook for gold withinside the quick term. Speculators have located a number of orders, pulling gold`s upward fashion these days and the capacity to hold this outlook withinside the close to future.
Everett Millman, director of marketplace evaluation at Gainesville Coins, stated that the gold marketplace is asking at geopolitics and hobby rates. He stated that the Fed may have the capacity to modify hobby rates. Other primary banks round the arena have decreased hobby rates, the United States can't be ignored of this fashion.
Besides, primary banks constantly purchase in massive quantities, assisting gold fees boom sharply. This is why the marketplace recovered nicely after the current sell-offs.
This week, traders are interested by a few amazing financial data: US retail income report, weekly unemployment advantage applications, US production allows and housing starts, Philadelphia Fed production survey.
Gold rate forecast
According to Adrian Day, Chairman of Adrian Day Asset Management, gold fees may also lower after a pointy boom to 2,four hundred USD/ounce. He expected that gold fees this week are in all likelihood to transport sideways.
Meanwhile, Mark Leibovit, writer of VR Metals/Resource Letter, stated gold fees ought to upward thrust to $2,seven-hundred an oz this year.
Recovery for Gold - military tensions ! Increase✍️ NOVA hello everyone, Let's comment on gold price next week from 5/13 - 5/17/2024
🔥 World situation:
Gold prices increased significantly on Friday, rising over 1% even as US Treasury bond yields stayed high. This followed a University of Michigan survey indicating a drop in Consumer Sentiment to a six-month low, reflecting increasing economic pessimism among Americans. The XAU/USD stands at $2,369, rebounding from daily lows of $2,343. Given recent weak labor market data, there's a somber outlook for the US economy. Despite limited concerns about a severe economic slowdown, the quest for safety has boosted both gold and the US Dollar.
🔥 Identify:
Gold price broke through the $2330 zone, starting a recovery. In addition to military tensions in the world, gold prices have increased
🔥 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: $2400, $2430
Support : $2330, $2303
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD UPDATE (looking for Bullish)
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD for Coming Week Looking for Bullish limit Around 2345-2340, There is a String Support Resistance Level ,
Gold Broker the Key Horizontal Level around 2352$ which is Support level now And the Price going down to Retest the new Support from we willbe Expecting a Move Back
Gold Eyes Renewed Rally as Central Bank Doves SingGold Eyes Renewed Rally as Central Bank Doves Sing, But Can It Break Through? (XAU/USD Forecast)
The price of gold (XAU/USD) is poised for a potential return to its upward climb after a brief consolidation period. This renewed bullish sentiment comes on the back of dovish signals from central banks and a key resistance level waiting to be breached.
Central Banks Singing a Softer Tune
The Bank of England (BoE) recently surprised markets by holding interest rates steady at 0.75%. This decision, coupled with a downward revision of inflation forecasts, suggests a more cautious approach from the central bank. The underlying message: interest rate hikes, which typically put downward pressure on gold prices, might be delayed.
Across the pond, the Federal Reserve remains the center of attention this week. With key Fed speakers scheduled for Friday, investors are eagerly awaiting any clues regarding the future of monetary policy in the United States. A dovish tone from the Fed, hinting at a slower pace of interest rate hikes, could further bolster gold prices.
Why is This Good News for Gold?
Gold is often seen as an inflation hedge. When inflation rises, the value of traditional currencies like the US dollar erodes. As a result, investors turn to gold as a store of value, seeking to preserve their purchasing power. Additionally, higher interest rates typically translate into a stronger US dollar, making gold less attractive as an investment.
Therefore, a scenario where central banks adopt a more cautious approach towards tightening monetary policy translates into two potential benefits for gold:
• Lower inflation expectations: If inflation forecasts are revised downwards, the pressure on gold as an inflation hedge might lessen. However, gold's appeal as a store of value could still persist due to ongoing geopolitical tensions or economic uncertainties.
• Slower interest rate hikes: A dovish Fed with a slower pace of rate hikes could weaken the US dollar, making gold a more attractive investment proposition.
The $2,340 Hurdle: Can Gold Break Through?
Despite the positive tailwinds from central banks, XAU/USD currently faces a critical resistance level at around $2,340. A decisive break above this level could signal a renewed uptrend for gold. Conversely, a failure to breach this resistance could lead to a period of consolidation or even a potential pullback.
Technical Indicators Offer Mixed Signals
Technical indicators on the daily chart paint a somewhat mixed picture. The Relative Strength Index (RSI) currently sits around 57, indicating neither overbought nor oversold territory. The Moving Average Convergence Divergence (MACD) also suggests a neutral outlook. However, a recent break above the 50-day SMA could be interpreted as a bullish sign.
Looking Ahead: What Could Drive the Gold Price?
Several factors beyond central bank decisions could influence the gold price in the coming weeks:
• Geopolitical Tensions: Heightened geopolitical tensions or conflicts can trigger a flight to safety, driving investors towards gold.
• Global Economic Data: Economic data releases, such as inflation reports or jobs numbers, can impact investor sentiment and influence the demand for gold.
• US Dollar Strength: The strength of the US dollar continues to play a crucial role. A weakening dollar can benefit gold prices.
Conclusion: A Potential Bullish Run on the Horizon
The combination of dovish central bank signals and a key resistance level waiting to be tested creates an intriguing scenario for the gold price. While technical indicators remain somewhat neutral, the near-term outlook appears positive. However, investors should remain cautious and closely monitor economic data, geopolitical developments, and the US dollar's performance for a clearer picture of the gold market's direction. A decisive break above $2,340 could signal the start of a renewed bullish run for XAU/USD.
BREAK 2330, Gold price recovered and increased⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) rises on Friday amid expectations of a potential Federal Reserve interest rate cut due to a weakening labor market and increasing geopolitical concerns. However, hawkish US Fed talks and a stronger US dollar could pressure gold prices. Traders await the US Michigan Consumer Sentiment Index for May and speeches from Fed's Bowman, Goolsbee, and Barr. The upcoming US CPI report will also garner attention.
⭐️ Personal comments NOVA:
Gold price did not return to the $2300 area but rebounded, broke the BREAK, and recovered again. Prioritize the upcoming UP trend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2330 - $2328 SL $2323
TP1: $2340
TP2: $2350
TP3: $2360
🔥SELL GOLD zone: $2364 - $2366 SL $2371
TP1: $2355
TP2: $2340
TP3: $2330
⭐️ 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
Pay attention to gold’s pullback first, then track gold’s riseBecause the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and risk aversion once again supported the rise of gold. . Gold broke through multiple important resistance areas during its rise and once again formed a unilateral rise in the short-term pattern. The news dominates the rising market and does not give any chance for technical adjustments. Gold currently reaches a maximum of around 2378.
Because the market's bullish sentiment has been ignited, it may be difficult for gold to have a relatively large correction space in the short term, so gold will continue to be bullish in the short term. However, during the rapid rise of gold, there was not much retracement action, and the underlying foundation is not strong. Gold is also likely to retrace its steps to confirm support when encountering resistance, and then rise after a short-term correction to confirm support.
So in the next transaction, we must first focus on the 2380-2385 area resistance, followed by the 2390-2395 area resistance. If gold touches this area, we can first try to short gold, and then go long gold after the gold's fall is confirmed. Below, we first focus on the 2350-2345 area support.
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Xauusd buy Gold Price: Current Pricing, Prices Chart & Rate Graph
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 2367
Target 2371
Target 2375
Target 2379
Target 2383
Target 2387
Target 2400
💡 XAUUSD: Strong upward momentumGold prices increased sharply in the past session, forming a marubozu candle on the daily frame, showing that buying pressure is very strong. This move reinforced the previous triangle pattern breakout signal, suggesting the possibility of the price returning to an uptrend. Please pay attention to the current resistance level of 2350-2360. If it is broken, the price could extend its upward momentum and move towards the ATH level, then you can consider new buying positions.
💡 XAUUSD: Which "power" will lead the upcoming gold price?Recent data and information show that the US Federal Reserve - the Fed is still leaning towards cutting interest rates this year. Especially after the recent NFP employment data showed that the labor market cooled, creating conditions for the Fed to act more easily. However, the US interest rate situation is still quite ambiguous as the markets showed caution in yesterday's trading session.
This week, investors will have the opportunity to listen to the speeches of many major central bank officials, not only from the US but also from the European region, and the focus will be the ECB meeting minutes. The interest rate decision of the Bank of England announced on Thursday this week will also greatly affect the monetary market in particular and the financial market in general in the near future.
In addition, it is worth noting that the Central Bank of China continues to be actively net buying in the precious metals market for the 18th consecutive month, adding 60,000 troy oz to its reserves regardless of gold prices. higher. Showing that the demand for physical gold is still very large for "huge" financial institutions.
XAUUSD skyrocketed overnightXAUUSD sell 235x
TP 233x
SL 236x
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"We are seeing the effect of expectancies of the Fed reducing hobby charges and investor forecasts approximately the timing of the subsequent adjustment," David Meger - Director of Trading and Investment at High Ridge Futures commented on Reuters. .
Yesterday`s information confirmed symptoms and symptoms of a weakening process marketplace, reinforcing expectancies that the Fed will decrease hobby charges earlier than forecast. This sentiment helps treasured metals markets, which includes gold and silver.
Gold costs regularly circulate inversely with hobby charges. Low hobby charges will lessen the possibility price of conserving treasured metals. CME FedWatch hobby fee tracker suggests that traders anticipate a 67% danger of the Fed reducing hobby charges in September.
"US employment information has supported gold costs. Shelter shopping for appears," stated Bob Haberkorn - senior marketplace strategist at RJO Futures.
Next week, traders will get hold of the United States purchaser fee index (CPI) report. This metric has the ability to have a prime effect on asset markets.
In addition to gold, different treasured metals additionally accelerated in fee yesterday. Silver rose extra than 3% to $28.20 an ounce. Platinum rose 1.1% to $9.82. Palladium brought 1.8%, approaching $970 an ounce.
XAUUSD Technical Analysis and Trade Idea Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H that might just flip the 4H trend bullish. In our video, we break down the trend, discuss price action, market structure, and we dive into some key technical analysis concepts. Included toward teh end of the video is a trade idea. Just remember, this info is for educational purposes only, it's not intended to be financial advice.
