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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
OANDA:XAUUSDLong
by Nova-Scalper
2
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.
OANDA:XAUUSDLong
by bryandowningqln
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
OANDA:XAUUSDLong
by Nova-Scalper
2
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. 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. !
OANDA:XAUUSDLong
by alongwineer
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
OANDA:XAUUSDShort
by JohnHarry_7
💡 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.
OANDA:XAUUSDLong
by Stone_Haven
💡 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.
OANDA:XAUUSDLong
by Stone_Haven
XAUUSD skyrocketed overnightXAUUSD sell 235x TP 233x SL 236x ------------ "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.
OANDA:XAUUSDShort
by TheLeader_WOLF
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.
OANDA:XAUUSDLong
by fxtraderanthony
8
23 consecutive wins! Continue to be long gold in the short term!Due to delays this morning, I missed the opportunity to short gold. But fortunately, we also made a lot of profits in long gold transactions, which made up for the regret of missing the short gold profits. Today we added long gold positions near 2314 and 2307 respectively. During the rebound, gold hit the highest position near 2321. Even if we closed the position above the 2317 position in advance, we also made a good profit.I personally made $7.5K in profit on long trades. Congratulations to us for setting a new winning streak. We have achieved 23 consecutive wins in trading so far. According to the current short-term structure of gold, gold has not made breakthrough progress on both the long and short sides, and the overall structure of gold maintains a shock in the 2300-2325 area. Although there is currently a lot of talk in the market about gold falling to the 2290-2280 area, I also think that gold may fall to the 2290-2280 area, but the time has not come yet. Before falling to the 2290-2280 area, I think gold will at least rise and touch the 2325-2335 area before a significant decline is possible. Judging from the recent trend, although gold's performance is relatively weak, it is undeniable that gold has held the 2300 mark many times during its decline. 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 has shown twists and turns during its decline. In addition, gold repeatedly built a bottom structure during the shock, gradually limiting the room for decline; and gold broke through the 2320 position during the rebound, further confirming the potential and space for gold to continue to rise, so gold may still continue to rise to the 2325-2335 area . Then in the following trading rhythm, I will look for more short-term long gold opportunities. I believe that in long gold trading, we will earn considerable profits!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!
OANDA:XAUUSDLong
by alongwineer
💡 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.
OANDA:XAUUSDLong
by Stone_Haven
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 ❤️❤️ ----- 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.
OANDA:XAUUSDLong
by TheLeader_WOLF
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.
FXOPEN:XAUUSDLong
by Peter-analyst
1
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.
FXOPEN:XAUUSDLong
by Peter-analyst
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!
OANDA:XAUUSDLong
by alongwineer
💡 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.
OANDA:XAUUSDLong
by Stone_Haven
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!
FOREXCOM:XAUUSDLong
by Allen_Ex
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!
OANDA:XAUUSDLong
by alongwineer