💡 XAUUSD: Gold price struggles around important milestone!The above resistance level will be the focus on today's gold price chart. If successful, bulls will hope to bring the price back to its historic peak above the $2,400 mark. However, it is difficult for short sellers to see the above scenario happen easily, especially when their potential target around the $2,305 mark has not yet been completed.
In terms of trading volume, the decline of this indicator is showing that the market's moving momentum is weakening quite a lot. After a week with two blockbuster news, this week's economic calendar does not have many highlights other than the two central banks of Australia and the UK announcing their latest interest rate policies on Tuesday and Thursday respectively. Year.
Xauusdbuy
XAUUSD is still moving sideways within the 20 price rangeFrom the previous day till now I see Gold`s Bien transferring round 10>15 in price. There are 2 regions that I assume so long as Gold breaks, it's miles very possibly that the Trend will run in that unique direction.
>With cutting-edge Gold breaking via the 2020>2022 Zone, it's going to maximum possibly boom sharply to 234x.
>On the contrary, if cutting-edge Gold drops beyond 2300, you may absolutely promote it to 228x.
>With the marketplace jogging like this, I recommend all and sundry to visit a small Vol so that once Gold's Trend is Clearly Shown, then you may visit a bigger Vol.
>Asia Session I will Watch to Buy Gold Everyone Please Watch to Buy GOLD round 2305>2308
SL 2302
TP 2316>232x.
>I will await Gold to react above the 2320 quarter. If it can not byskip this threshold, you may purchase Gold to this quarter and wait to Sell ❤️❤️
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Many latest forecasts say that gold could be below downward stress this summer, probable in May-June due to the fact the Fed will nevertheless postpone reversing financial policy, thereby inflicting the USD to face at a excessive level.
However, steadily toward the quit of the year, gold will boom once more and might attain a brand new peak. The Fed is presently very involved that inflation might also additionally upward thrust once more and that if it cuts hobby quotes early, it can now no longer be capable of manage commodity charges.
Some nations inclusive of Indonesia had been lately pressured to elevate hobby quotes, regardless of the economy`s declining growth. But americaA is different, the USD may be very robust so the Fed will simply look ahead to the proper time to lessen hobby quotes, perhaps round subsequent September.
When the Fed reduces hobby quotes, the dollar weakens, and gold charges will boom rapidly. Gold additionally advantages withinside the context of globalwide instability and conflicts happening in lots of places. Nuclear dangers also are growing.
Gold will continue to riseThe situation in the Middle East, as predicted earlier, has eased. The United States acts as an intermediary, taking positions and speaking on behalf of both parties, which helps ease tensions. In the absence of new news, the gold market's operating philosophy should be based on upward breakthroughs after range oscillations.
As the market opens higher, investors should focus on the following key support and resistance levels: support at $2,333/oz and $2,345/oz, and resistance at $2,365/oz and $2,375/oz. In future transactions, if there is no position breaking situation, investors can sell high and buy low based on these points, and mainly focus on long orders in the operation, which is safer.
If the price pulls back to 2340-2345 US dollars/ounce, you can consider going long, with the stop loss set at 2333 US dollars/ounce, and the target is 2365-2370 US dollars/ounce.
If the price rises to 2365-2370 US dollars per ounce, you can consider shorting, with the stop loss set at 2377 US dollars per ounce, and the target is 2340-2335 US dollars per ounce.
Gold price falls back to bullish trend"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market."
The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the US market, it strongly recovered the lost ground and hit a new weekly high of 2400. And closed at a high level.
Taken together: today's short-term, follow up and go long; the top and bottom conversion support position is around 2390; other positions are not considered; as for short orders, they are not considered for the time being; go long here at 2375-2380, and continue to go long with the trend.
Buy gold, it is expected to continue rising to the 2325-2335 areGold rebounded again after touching 2304 during its decline today. Gold still held the 2300 mark. Judging from the recent trend, gold has experienced twists and turns during its decline, and it is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as possible. They are all gathering buying points, so gold is not always smooth sailing during its decline.
Gold is currently trading near the 2316 position. According to the current short-term structure, gold stopped falling near the 2304 position and rebounded. During the rebound, a long lower shadow line appeared near the 2313 position, pushing the gold price to near the 2319 position again. Obviously, as gold continues to consolidate its bottom during the rebound, there is still room for gold to continue to rebound. Although the current upward momentum of gold has stalled near the 2316 position, gold has built multiple bottom structures in the 2313-2315 area in the short term. Therefore, gold has every reason to continue its rise after oscillating in the 2313-2315 area.
So in short-term trading, I currently prefer to go long gold. At the bottom, we first focus on the regional support at 2310, then at the 2305 regional support, and at the top, we first focus on the regional resistance at 2325-2330.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
💡 XAUUSD: What do you expect from Gold?World gold spot price stands around 2,325.7 USD/ounce, up 1.7 USD/ounce compared to yesterday's trading session. Gold futures price in June 2024 on the Comex New York floor is at 2,336.6 USD/ounce.
At the beginning of the trading session on May 6 (US time), world gold prices increased sharply in the context of improved risk aversion among investors.
Adrian Day - Chairman of Adrian Day Asset Management - forecasts that gold still has many factors to increase its price in the near future.
Many major banks around the world say that the gold market has almost eliminated all pressure from the Fed's monetary policy and expect to see many new record prices set this year.
XAUUSD:Go long first, then go short
There is a high probability that the Asian session will rise tomorrow, so if you want to trade in the Asian session, you can go long on gold first. First look at the area around 2327-2332, where there is resistance, followed by 2336-2343. The probability of breaking through this position is not high. If you really want to break through, you must first test the support and confirm that it is effective before it can rise again. Therefore, the trading strategy is to go long first and then go short.
If you have any questions, please leave me a message.
Have a good day!
Are you worried about your gold long position?Gold fell back from around 2330 today and is currently oscillating within a narrow range around the 2312-2315 area. In fact, it is still quite difficult to trade gold today. It is relatively ideal to participate in shorting gold near the 2330 position, but we cannot aggressively chase short gold during the decline. Therefore, if we did not short gold near the 2330 position, then we could only wait and see.After all, gold still has the potential to attack the 2335 area.
Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short.
After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today.
In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
XAUUSD:Short 2338-2345
If gold breaks through and stabilizes above 2327 tomorrow, consider the 2338-2345 range. At that time, the probability of a fall back is high, and you can choose to short. If it falls below the support near 2335, the target can be set near 2328.
If it encounters resistance near 2335 and cannot break through, first consider the support of 2327-2323. If it falls below, it is very likely to return to the 2304-2280 range again.
Long & Short Places For Gold This Week To Get 500 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 This precious metal is still being supported by many factorI suppose GOLD is presently on the Sideway Threshold, with a charge variety of round 10.
>Currently you could Buy Gold Again According to the Trend Plan in H1 vs H4
>I will propose following each instructions so that you can observe the transaction with peace of mind
>Can purchase GOLD round 2316>2320
SL 2314
TO 2328>233x
>If Gold falls beyond 231x, promote strongly to 2306>2300 or in addition to 22xx.
Still, as I shared, you should observe the fashion to trade. If you omit the Trend, look forward to a brand new fashion to seem truely after which enter
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Analysts stated that even though gold recorded its 2nd consecutive week of decline after a 5-week restoration streak, in general, investor sentiment nevertheless stays constructive approximately the treasured metal.
According to analysts` opinions, the United States Federal Reserve (Fed) is truly expressing its view that it'll not be hard in financial coverage from now till the quit of 2024. Specifically, in a current press convention Recently, Fed Chairman Jerome Powell made it clean that the United States Central Bank has no purpose of elevating hobby rates.
In addition to financial coverage elements, professionals additionally consider that the call for to shop for gold from significant banks is likewise one of the decisive elements pushing gold expenses to a brand new report high.
World Gold Council (WGC) worldwide studies director Juan Carlos Artigas stated that gold has validated to be the maximum various economic instrument, that is why significant banks keep to preserve gold.
Gold is bullish to the 2335-2345 area before falling backToday we made a good profit in gold long and short transactions, which gave us a good start for this week's trading. First, we shorted gold near the 2323 position in the morning. When gold fell back and touched the 2316 position many times, it stopped falling, so I closed the position near the 2317-2316 position in time to lock in profits in time;Then we went long gold near the 2315 position and set TP: 2328. Gold successfully hit TP during the rebound to above 2330; just now gold hit TP: 2320 again during the fall, and the total profit in today's transaction was: $23K. And continue the good results of 18 consecutive wins!
During today's rebound, gold strongly broke through the 2310-2315 resistance area and broke through the high point since May. Gold has turned from weak to strong in the short-term; it has successfully built a triple bottom structure in the short-term structure and established effective support below. The short-term upward momentum is intact, and gold still has the potential to continue to rise. However, as the weekly candle chart weakened last week, we must also be careful of the market falling back after rising high. The main pressure above is focused on the 2335-2345 area.
Therefore, we are still very flexible in the next transaction. First, we can use the support below to go long gold; after waiting for gold to rise, we can use the resistance area to short gold. In this way, we can strive for maximum profits in long and short transactions.
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:Latest trading signals
Hi guys, my family and I traveled for two weeks for my father's birthday. I hope everything is going well for everyone in these two weeks!
Gold successfully reached our target of 2280 on Friday. This time the profit is very good. At present, from the perspective of the pattern and indicators, there is a need for a rebound, so you can start to go long at a low level in Monday's trading.
During the trading process, focus on the resistance of the 2313-2327 range, followed by 2342-2352. This range is a strong resistance area. If the price touches this range, you can participate in shorts appropriately.
Consider the support around 2328. If it does not fall below, you can trade long again, and then continue to observe the 2342-2352 range. If it breaks through, then above 2358, there will be short opportunities again.
I will continue to update the specific trading information during the trading session. Please keep an eye on it. If you have any questions, leave me a message in time!
Have a good weekend!
Gold has successfully built a bottom, start long goldToday officially starts a new week of trading journey. Today, gold rebounded again after testing near 2391, reaching a maximum near 2324. During the rebound, gold strongly broke through the 2310-2315 resistance area, and more importantly, it broke through the 2320 position, the NFP market high last Friday, and the short-term trend of gold turned from weak to strong.
In addition, gold has built a triple bottom structure in the short-term structure, and the support below is solid. There should be room for gold to continue to rise in the short-term. Therefore, we shorted gold near the 2323 position in the morning, and I have manually closed the position near the 2317 position to lock in profits in time. And it is recommended to look for opportunities to do long gold.
Therefore, in trading, we can rely on the 2315-2310 area as support and wait for opportunities to do long gold. The upper resistance is in the 2330-2335 area.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 Monday Trading Strategy
#XAUUSD
Gold hit 2291 today and then rose to 2324. Combined with last week's trend and various data. I think gold is still very volatile. Combined with upper and lower price resistance levels.
First trade in the 2280-2330 range I think if gold price pulls back.
A few prices at which you can buy are:
2300-2204/2291-93/2278-2282
If prices continue to rise. Trading areas where selling can be attempted are:
2326-2329/2336-2339/2345-2347
Choose an appropriate trading range based on specific real-time prices
I wish you all good luck with your trading. Trading trends change rapidly, and onlyreal-time analysis is the most accurate. The trading areas I gave you are very safe trading areas. Hope it can help everyone make money
This week gold is mainly long and supplemented by shortMy article is not to please others, but to give friends who can empathize with me a sense of belonging, and to provide some help that I can do as a professional. The road to investment is long, so you must learn to be calm. For those who don’t know the trend, I will announce the gold trend strategy and entry point in real time every day! When you come to me, you take the first step toward success.
This week's gold operation advice is that the overall trend is still bullish; in the short term, the trend is high and volatile. At present, it is best to operate as light a position as possible for short positions, as it is easy to rise during the shock period. The operation is still based on the idea of mainly doing long and supplementing by short selling. The following operational suggestions are given today.
Operational suggestions: Strategy 1: Wait for a rebound to 2391-95 to go short, with a target near 2361; Strategy 2: Wait for a rebound to 2361-2358 to be long, with a target near 2390.
XAUUSD:Sell, final target 2218
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218.
If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short period of time, which is a relatively good long price. At that time, the resistance of the rebound will focus on the vicinity of 2296.
XAUUSD: Gold price forecastGold price forecast
Chantell Schieven, Head of Research at Capitalight Research, said that the gold market is starting to enter a period of seasonal weakness. In this environment, gold prices are likely to fall back to $2,150/ounce.
According to Marc Chandler, Managing Director at Bannockburn Global Forex, gold prices may decline in the short term. Gold prices can trade in the range of 2,250-2,260 USD/ounce.
However, some experts assess that gold demand is still increasing. Adam Button, Head of Currency Strategy at Forexlive, forecasts that Chinese demand will increase as the market returns to trading after the holiday.
Gold prices fluctuate strongly but there is still no clear trendToday, I for my part see the fashion view and tradable regions rotating at 232x-229x
>Currently Gold is reacting to the resistance sector round 2306>2308
In addition, I additionally see Gold nevertheless in Bien Ma reporting a decrease
With this Zone, you could alternate and recollect coming into each Buy and Sell Borders
>Sell Gold round 2309>2311
SL 2313
TP 2304>229x
>If this Gold Rate will increase beyond MA34 in Frame H4, right away Buy Gold again.
At this rate, in case you purchase GOLD, you could purchase to chase the fashion and allow the TP be above 232x
--NEWS--
Kitco News` modern day gold survey has specialists expressing extra pessimism approximately gold's near-time period developments, even as maximum retail investors nevertheless see gold costs falling or transferring sideways.
Next week is anticipated to be the lightest week of the yr in phrases of monetary statistics arrangements. Some highlights encompass the United States 10-yr bond public sale on Wednesday, which decided the Bank of England's economic policy, and the Treasury's 30-yr bond public sale on Thursday. In addition, there has been additionally a initial consumer sentiment document from the University of Michigan posted on Friday.
On the Kitco buying and selling floor, Juan Carlos Artigas, Global Research Director of the World Gold Council (WGC), commented that with very robust diversification capabilities, gold is persevering with to be extended through middle-magnificence banks. Strengthen hold.
Despite current changes with a clean downward fashion in gold costs over the last few days, many banks keep to understand gold costs as probable to stay better this yr.
XAUUSD: Short, target 2348-2333/2304-2280
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.