Xauusdforecast
XAUUSD: Analysis June 5As much as Gold increased yesterday, Gold was pushed back down yesterday, showing that the resistance above is strong. However, there has not been any change in the chart structure because Gold D1 is still within the narrow price range of the larger price range. The formation of such a narrow sideways period is like creating a "detonator", which can cause Gold D1 to have a strong rebound in price in the near future.
Gold H1 was pushed back to the old bottom after the previous push up. The structure formed is an inverted V-shaped pattern, showing strong resistance at the upper border of the price range. The main topic of Gold H1 today is waiting for sale.
💡 H1 trend: Gold moves sideways.
Today's trading idea: Sell Gold.
XAUUSD - re-scanning the old accumulation zone of the BuyersYesterday Gold re-scanned the vintage accumulation quarter of the Buy faction. Currently, Gold has rebounded to the 233x area, however with this fashion and wave, it's far very in all likelihood that Gold could have every other moderate correction earlier than the Nonfarm news, everyone ❤️❤️
>Today I will Sell Gold round MA h1 and H4 from the fee variety 2340-2345
SL 2350
TP 2330>232x
If GOLD can growth once more thru the 2345 quarter and spoil thru the vintage resistance quarter, I will purchase and chase Gold returned as much as the 245x quarter.
If the Plan is correct, in my opinion, Gold will lower barely for 1 beat after which growth immediately, everyone ❤️❤️
XAUUSD BUY ANALYSIS - ICT ConceptHere Gold has been forming support and resistance going back to liquidity grap and now rising up againg so is likely to move up after a serious of bounce back now going for LONG is needed and Stoploss should be around 2314.000 and targering profit should be 2347.000 . So it expected to use money management
XAUUSD (Gold) Technical Analysis and Trade Idea In this video, we conduct a brief analysis of XAUUSD (Gold). Despite experiencing downward pressure over the past three weeks, it is currently approaching a significant support zone. On the three-week timeframe, we observe a bullish trend. Our focus is on identifying a buy entry point within this critical support area, assuming price action aligns with our analysis from the video.
As always, the video provides valuable insights into trade entry points, trend analysis, market structure, and price action. Please note that this content serves an educational purpose and should not be construed as financial advice. 📈 🚀📊
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 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 Top-down analysisHello 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 I Neutral bias with future interest at the bottom rangeWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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XAUUSD | GOLDSPOT | New perspective | follow-up detailsAfter the release of encouraging US economic data recently, Gold prices are showing signs of stabilization following consecutive days of losses triggered by the hawkish tone in the Fed Meeting Minute. FOMC Minutes revealed that Fed officials are uncertain about the level of policy restrictiveness and anticipate a prolonged wait before gaining confidence in sustainable inflation moving towards 2%.
While the US Durable Goods Orders exceeded expectations, a downward revision in the prior month's figures tempered the report’s impact, emboldening Gold buyers as evidenced by a surge in trading activity before the weekend. Improved US business activity is reducing the likelihood of a rate cut by the Federal Reserve (Fed).
Moreover, the University of Michigan's consumer sentiment poll displayed a modest uptick, though inflation sentiment remained mixed.
The US 10-year Treasury note is yielding at 4.461%, experiencing a slight dip of one-and-a-half basis points on Friday, putting pressure on the US Dollar.
Geopolitical tensions escalated as China initiated a second day of military exercises near Taiwan, and the decisions by Ireland, Norway, and Spain to recognize Palestine as an independent state have added volatility to markets, potentially fueling demand for Gold.
Given these recent changes, the question looms: will buyers or sellers come out on top in this shifting landscape?
XAUUSD Technical Overview:
In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives.
Our attention is fixed on the critical $2,350 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,350 might signal a resurgence of bearish sentiment.
Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights.
#GoldAnalysis #XAUUSD #ForexTrading #MarketAnalysis #TradingStrategy
#GoldMarket #SafeHavenAssets #GoldPrices #FedMeeting #EconomicData #GeopoliticalTensions📺🔔💼
Disclaimer Notice:
Margin trading in forex, commodities, CFDs, stocks, and other instruments carries high risk and may not suit all investors. This content is for educational purposes only to assist with independent investment decisions and is provided for reference. Evaluate your investment experience, financial situation, objectives, and risk tolerance carefully. Consult an independent financial advisor before making any investments. I do not guarantee the accuracy of the information provided and am not liable for any loss or damage from its use. Past performance is not indicative of future results.
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
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!
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 shock correction nears endMarket participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September.
On the other hand, if Fed officials favor a rate cut closer to the end of the year, the U.S. dollar may hold its ground, making it difficult for gold to gain traction. However, policymakers still have several inflation and employment data to assess before September, and they may not send any clear signals on the timing of a policy shift. The market will also see appearances from several regional Fed presidents. Minneapolis Fed President Kashkari will speak in New York; Richmond Fed President Barkin will speak at an event in South Carolina. New York Fed President Williams will speak at a conference in California; Fed Governor Cook will speak in Washington, D.C., and Chicago Fed President Goolsby will speak at the Economic Club of Minnesota.
In terms of short-term rhythm, looking at the market price in four hours, the pressure position is obviously at the integer mark of 2,400 US dollars, and there is no physical closing line above 2,400 US dollars. At best, it was suppressed by a virtual break of $2,400. However, as the market price hit the $2,400 mark many times and failed to form an effective breakthrough, it then adjusted downward and corrected, which is what we often talk about accumulating strength. If US$2,400 to US$2,292 is regarded as the first wave downward revision, then US$2,252 to US$2,282 is the third wave downward revision. The correction decline is not a decline in the main trend, and the maximum correction wave does not exceed three waves. And the decline in each wave will be compressed. This wave, which is the third wave correction, will be based on the high point of $2327. Combined with the double bottom position of 2267, there is a high probability that the correction will be completed at the $2267 line. So that means the area around $2,267 is what we think is the correction low.
In terms of specific layout, the third wave of downward revision has not yet completed, and next week it is still necessary to make a high-altitude pullback layout, and then retrace $2,267 before making a backhand. At the beginning of the week, focus on 2310 to suppress the first short-selling layout. Below, focus on the 2292, 2282 and 2267 positions. Focus on the first-line opportunity of touching 2267, and start to place long orders on the backhand. When the correction is completed, the bulls will return! Taken together, in terms of short-term gold operation ideas next week, Jin Shengfu recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2308-2310 first-line resistance, and the bottom short-term will focus on the 2265-2267 first-line support. All friends must keep up. Rhythm. It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
Gold is under pressure and has a bearish trendIn early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week will usher in the U.S. April ISM Manufacturing PMI, the Federal Reserve’s monetary policy decision, the April employment report, and the April ISM Non-Manufacturing PMI. The market initially expected the first U.S. interest rate cut to be in March. However, as the United States has successively released strong economic data, expectations have been postponed first to June and now to September.
This Wednesday will usher in the U.S. ISM Manufacturing PMI for April and the Federal Reserve’s monetary policy decision. . The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Jerome Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The initial reaction could trigger a sharp drop in U.S. Treasury yields and boost gold. After the March policy meeting, Powell noted that strong inflation data in January and February could be due to seasonal factors. Market participants will also be closely watching Powell's comments on the inflation outlook. If Powell adopts a concerned tone on recent inflation developments, the dollar could remain resilient against its rivals, limiting gold's upside. Finally, if Powell downplays the disappointing first-quarter GDP data, investors may view this as a hawkish tone, making it difficult for gold to gain upward momentum.
Strategy 1: Gold rebounds near 2337-2340 and goes short (buy down) in batches. The target is around 2330-2325. If the position is broken, look at the 2300 line.
Strategy 2: Gold will go long in batches around 2315-2320 (buy up), target around 2340-2345, and look at the 2050 line if the position is broken.
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.
XAUUSD- Gold price cannot cool down in the short termGOLD nowadays is going for walks above the 235x zone. With this rhythm, on body D1, I see that the candles are going for walks absolutely above the MA. In addition, as on Zoom final night, I additionally stated that Gold will without difficulty react barely with the parallel resistance location at 2356>2360.
>If at this Beat Gold will increase strongly thru this Zone, it's miles probable that Gold will growth strongly once more with the aid of using 238x.
Today you may confer with Canh Buy GOLD round 2348>2352
SL 2346
TP 2360>237x.
Surely Gold can have mild declines. But for now, nowadays I will observe the primary Trend`s Plan to trade. If there's any new information, I will replace greater everyone ❤️❤️