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Xauusdforecast

Gold will continue to break through all-time highs Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support. This week I tested the support here at 2335 many times, but failed to fall. From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains. The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335. If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later. I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400. Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400. At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
OANDA:XAUUSDLong
by RID_WK
1
💡 XAUUSD: Analysis May 17Gold decreased yesterday, creating a bearish pinbar on D1. This price action shows resistance around the old peak confluence + round number 2,400. Gold D1 chart structure shows that the price is moving sideways in an upward trend. Gold is pulling back down, falling to retest the confluence zone + the downward sloping trend line. Because the upward price trend is still the dominant trend in this time frame and also in D1, H1 gold today can wait for the upward push to complete the 1-2-3 pattern to create a bottom before retesting to buy. In case the price is pulled back down deeper, you can wait to buy H1 Gold from the trend line confluence below. 💡H1 trend: Gold moves sideways. Today trading idea: Buy gold.
OANDA:XAUUSDLong
by Stone_Haven
XAU/USD Longs from 2380 or 2340 back up to ATH.My bias this week is to look for buying opportunities to reach the all-time high liquidity. The price has been very bullish, breaking structure to the upside, which aligns with the overall trend. I will focus on near-term demand zones to continue this trend, expecting the price to retrace and mitigate one of these zones. I will monitor either the 15-hour or 17-hour demand zones for signs of price slowing down and forming a Wyckoff accumulation pattern. If the price continues to rise and creates a new all-time high, I will then look for potential sell opportunities as the price comes back down. Confluences for GOLD Buys are as follows: - Price broke structure the upside on the higher time frame leaving new zones. - These higher highs and higher lows indicate the rise of a new uptrend. - New demand zones are left on the 15hr and the 17hr where I can look for potential buys. - Still lots of liquidity to the upside that needs to be taken i.e. ATH's P.S. Once the price enters these zones, I will focus on buying opportunities, as I prefer to trade with the trend. I will only consider short positions if the price significantly breaks down. With little news this week, happy trading, and I hope you all have a great week!
OANDA:XAUUSDLong
by Hassan_fx
XAUUSD week 3, May 2024 How far will the increase continue?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, we saw that the US economy also sent remarkable messages. For the first time, the number of applications for unemployment benefits decreased despite the softening of the labor market, this shows that the American people are gradually adapting to the current controlled economy, plus the CPI released last week has increased beyond expectations, this will create motivation for the Fed to continue maintaining high interest rates in the near future Besides, we see some notable points: the assassination of the Slovak prime minister, we know that Slovakia is a pro-Russian country, or the Russian president's official visit to China, which raises concerns about risks. global geopolitical risk. In addition to geopolitical concerns, this visit of Russian President Putin may promote the development of the BRISC bloc, which will accelerate the purchase of gold by the central banks of this bloc to prepare gold reserves. designed to strengthen the bloc's common currency Although the US economic situation will still keep high interest rates to restrain inflation, this will create strength for the USD, but the current geopolitical fluctuations in the world will still create conditions for gold prices to increase and volatility to occur. The gold became a safe place for him to hide Looking at the 1D chart, we rely on the Elliot wave principle to analyze price movements - Last week we saw a strong price increase and currently the price is clinging to the peak of 2433. - At this point, it is still early to conclude whether correction wave 4 has completed or not. - We have the price level that confirms the completion of wave 4 and the start of wave 5 at 2433. - If next week the price breaks out through 2433 then we have confirmation that wave 4 has completed and the price is in rising wave 5 then we will measure 2 expected price targets for the end of wave 5 which is the 2500 area. and area 2550 - If the price cannot break the 2433 zone and turns down, then the price is still in correction wave 4 and at a smaller wave level, the price will complete wave b and will continue to complete wave c as shown on the chart. - Then wave b is confirmed when the price breaks out through the 2280 area, then we will have the target to end wave c measured at the price range 2455 and 2211 Above is Deekop's plan for next week and the daily plan will be updated by Deekop every day Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
OANDA:XAUUSD
by DEEKOP
Gold: Struggles at Resistance Barrier.. XAUUSD SHORTGold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times. With that being said, I think we are just simply entering some type of consolidation area more than anything else. The $2,400 level above continues to be an area that I'll be paying close attention to, and therefore, if we can break above there on a daily close, then I'm interested in getting long. If we pull back from here, then the market could drop all the way down to the $2,300 level, which of course is a major support level based on the previous action. And now that the 50 day . OANDA:XAUUSD
OANDA:XAUUSDShort
by ShumbaFx07
2
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn this week's XAUUD analysis video, we delve into the recent surge in Gold prices amidst economic uncertainties in the United States. The previous week witnessed a notable uptick in Gold prices amidst the struggle of the US treasury to gain traction. Additionally, the University of Michigan survey revealed a pessimistic sentiment among Americans, with Consumer Sentiment plunging to its lowest level in six months. As we dissect the market dynamics, Friday's sentiment data and weaker labor market figures underscored a gloomy outlook for the US economy. While fears of a significant economic slowdown lingered, market participants sought refuge in safe-haven assets, propelling the price of Gold higher. Federal Reserve officials remained in the spotlight, with divergent views on monetary policy. Atlanta's Fed President Raphael Bostic maintained a hawkish stance, projecting just one rate cut in 2024. Conversely, Fed Governor Michelle Bowman advocated for policy stability, indicating no immediate need for rate cuts this year. Similarly, Dallas Fed's Lorie Logan dismissed the notion of interest rate cuts. Meanwhile, Minneapolis Fed's Neel Kashkari adopted a cautious "wait and see" approach towards future monetary policy decisions. Looking ahead, next week's US docket is set to unveil crucial inflation figures, retail sales data, building permits, and a slew of Fed speeches. These releases are anticipated to offer fresh insights into the direction of Fed reserve monetary policy. XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our focus for the upcoming week centres around the $2,360 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,360 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. Join me as we unpack the implications of these factors and explore possible 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 #NFP #ForexTrading #MarketAnalysis #TradingStrategy #GoldMarket #SafeHavenAssets 📺🔔💼 Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
OANDA:XAUUSD
by darcsherry
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned towards making a bet on a direct hobby fee reduce. Some individuals of the primary financial institution`s hobby-fee-placing committee stated the primary financial institution will want a lot greater convincing that inflation is easing past a moderate blip in April. This shows buyers are beginning to provide a few desire for a fee reduce in September. The greenback and Treasury yields additionally recovered from in advance declines this week. However, a few lower-than-predicted customer rate index figures positioned gold on a trajectory for a 0.7% weekly gain.
TVC:GOLDLong
by MrTrongVo
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned in opposition to putting a top class on an instantaneous hobby price reduce. Some contributors of principal banks` hobby-price-putting panels stated principal banks could want to illustrate a lot extra that detectability become falling past the tepid emissions visible in April. This shows buyers are beginning to present a few desire for a price reduce in September. The greenback and Treasury yields additionally recovered from in advance decelerations this week. However, a few lower-than-anticipated client charge index facts become factored right into a 0.7% weekly gain.
OANDA:XAUUSDShort
by MrTrongVo
💡 XAUUSD: Analysis May 16Gold increased with bar D1 having a wider range than some recent price bars yesterday, showing good buying pressure during the day. The price was pushed out of the previous Inside bar model, creating upward price momentum. But now the price is approaching the resistance confluence + round number 2,400 so it may level off. D1 Gold chart structure is cumulative sideways in an overall uptrend. The upward trend in price continued in H1 when the price created a new peak after yesterday's upward push. However, because D1 has approached the resistance confluence, it may stall at this time. The main trend for H1 Gold today is to wait to buy from the supports below, to catch price pullbacks, not to chase above. 💡H1 trend: Gold increases. Today trading idea: Buy Gold.
OANDA:XAUUSDLong
by Stone_Haven
After 2 consecutive sessions of strong increases in world gold In his speech in Amsterdam, US Federal Reserve Chairman Jerome Powell said that inflation is still high and the Fed will have to spend more time in this fight. He said the Fed will maintain restrictive monetary policy until inflation falls to its 2% target. Marex analyst Edward Meir said that the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is a positive thing for gold and could help this precious metal increase further. The weakening of the USD and Treasury yields following US producer price data in April also provided momentum for the yellow metal. After 2 consecutive sessions of strong increases in world gold prices, gold prices today will continue to increase following the increase in world gold prices./.
TVC:GOLDShort
by MrTrongVo
World gold prices continued to increase quite strongly for the sWorld gold spot price is around 2,395.3 USD/ounce, up 25.3 USD/ounce compared to overnight. Gold futures price in June 2024 on the Comex New York floor is at 2,398.8 USD/ounce. Gold price today is trading on the world market at 2,370 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,374 USD/ounce. World gold price on the night of May 15 is about 14.9% higher (307 USD/ounce) compared to the end of 2023. World gold price converted by USD bank price is 73.5 million VND/tael, including Taxes and fees are about 16.7 million VND/tael lower, so the domestic gold price is as of the last afternoon of May 15. World gold prices continued to increase quite strongly for the second consecutive session. According to the US Department of Labor, the consumer price index (CPI) increased by 0.3% in April, lower than the previous month's increase and lower than the forecast of a 0.4% increase by experts in the Dow poll. Jones.
OANDA:XAUUSDLong
by MrTrongVo
💡 XAUUSD: Analysis May 15After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430. In the event of a bearish reversal and drop below $2,350, there is no significant support area nearby, suggesting that any downward movement could progress towards $2,280 - the relevant technical floor next on the map. Further losses below this point could give way to a drop to $2,260, a key area corresponding to the 38.2% Fibonacci level of the 2024 rally.
OANDA:XAUUSDLong
by Stone_Haven
XAUUSD has now increased to 239x.GOLD has now accelerated to 239x. With this Trend, it's miles very feasible that Gold will growth through 24xx withinside the quick term, all and sundry. If everybody has been following current movies or comments, from these days I advocate and percentage with all and sundry the Perspective of Buying GOLD from the location 2306>2308. >Today I`m nevertheless following the uptrend, however I'm additionally going to promote on small beats and comply with Rsi too. Buy on huge frames. >With Current Price, You Can Buy GOLD Around 2383>2386 SL 2380 TP 2396>24xx >Certainly Today Gold can even have mild reversals while reacting to Rsi being overbought. When selling, you must simply attempt to promote. Surf from 3>four prices, then take a look at the candles with MA and change in keeping with an appropriate trend. GOOD LUCK MN ❤️❤️
OANDA:XAUUSDLong
by TheLeader_WOLF
Investors are ready for tonight's CPI dataGold prices fell amid falling US government bond yields and a strong USD. The 10-year US government bond achieved a yield of 4.4% and decreased nearly 4 basis points compared to the opening level. The USD index (DXY), which tracks the movement of the USD against 6 other currencies, is currently down 0.03% to 105.00 and is struggling here. The US Bureau of Labor Statistics (BLS) reported that the PPI Index increased 0.5% over the previous month, surpassing the forecast for a 0.3% increase. Similarly, the core PPI index, excluding food and energy prices, also increased by 0.5%, exceeding the expected level of 0.2%. Both figures were significantly higher than the 0.1% decline in March in both global and core inflation, indicating a jump in producer prices. April CPI is expected to remain unchanged compared to March at 0.4% month-on-month. Core CPI is expected to continue its downward trend from 0.4% in March to 0.3% month-on-month. Other data will be released during the week, led by Retail Sales on May 15, Initial Jobless Claims and Industrial Production on May 16. The Fed released its monthly consumer expectations survey on Monday, showing inflation expectations for the year rising to 3.3% from 3% in March. The data came after a sentiment poll. University of Michigan consumer survey shows one-year inflation expectations rising from 3.2% to 3.5%. Forecasts for an interest rate cut by the end of the year remain at 35 basis points, according to data provided by Chicago's CBOT exchange.
TVC:GOLDShort
by MrTrongVo
💡XAUUSD: Analysis May 14Gold decreased yesterday, ending the previous streak of 2 consecutive days of increases. The previous day's D1 bar created an upward but weak breakout, and because yesterday's D1 bar closed below the bottom of the previous rising D1 bar, it turned that break into a false break - which could cause Gold's upward momentum at D1. stalled, even pulled back down. The chart structure of Gold D1 is still moving sideways and accumulating in an overall upward trend. H1 gold is having a downward pull after the previous price increase. Price is receiving support from the confluence of the lower barrier + the upward sloping trendline below. However, because in D1 there was a false break creating a bull trap, H1 today can catch up to sell down. Will switch to buying if Gold H1 is pushed back up to the old peak, absorbing all the recent decline. At that time, you can wait to buy on the retest. H1 trend: Gold moves sideways Today's trading idea: Sell/Buy Gold.
OANDA:XAUUSDLong
by Stone_Haven