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Xauusdforecast

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
Yesterday’s short gold profit was huge, can it continue today?Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320. Gold has shot up many times and then fallen back. There are many resistances above, so there is a possibility of a sharp decline at any time.
TVC:GOLDShort
by Donald-king
4
💡 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
A must-read gold analysis for traders.After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline. Therefore, it may continue to fluctuate this week. Then, if there is no absolute unilateral situation this week, it will Look at the shock range. From a technical point of view, the daily line continued to be negative last week, and the K line was suppressed below the 5-day and 10-day moving averages. Therefore, overall, it is currently weak, but it should be noted that the support points concentrated last week The level of 2280 has not been broken. After the non-agricultural data was bullish, it first rose and then fell, with the lowest at 2276. It also rebounded and did not form a unilateral position. Therefore, for this week’s market, 2280/2276 is the key point of the strength trend. If it breaks this range, we will look at the unilateral downside space in the market outlook, and then look at the low of 2250. At the top, we will focus on the moving average suppression point of 2320. If gold exceeds this point, it will become stronger, and we will look at the room for big gains, and then look at the high of 2352. The short-term 4-hour performance is also relatively obvious. Bollinger closed, the moving averages are glued, and the K-line combination has no direction. The beginning of the week is dominated by shocks. Therefore, effective shock accumulation can be done in the 2320/2280 range, and the upper and lower rails can be waited for when the position is broken. After pulling away Bollinger, look at the unilateral market trend. As for the intraday market, it closed around 2301 last week and fell directly to 2291 at the morning opening, but then rose rapidly and pulled back to the high point again. The follow-up operation is recommended to rebound into short positions. Today’s focus is on pressure near 2320, and the rise If gold breaks this point, it will strengthen and look for big upside, and then look at the high of 2352. Below, first focus on the support near 2290, and then the defense near 2280.
FXOPEN:XAUUSD
by Peter-analyst
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
💡 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
World gold price todayWorld gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot. The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree in approximately a month as a these days launched file confirmed a weakening US process marketplace, which raised expectancies that americaA Federal Reserve (Fed) ) will reduce hobby fees this year. ActivTrades senior analyst Ricardo Evangelista stated that the quantity of jobs created final month became an awful lot much less than the network forecast, with slowing salary increase prompting the Fed to bear in mind economic cuts. coverage foreign money this year. According to the FedWatch tool, following the file, the marketplace elevated the chance that the Fed will make its terrific reduce in September to 71%. Evangelista stated that buyers will watch for the expressions of a few Fed officers this week to have extra hyperlinks at the economic coverage course of the Bank of America. This professional additionally stated that tensions withinside the Middle East can be a element helping gold this week.
TVC:GOLDShort
by MrTrongVo
💡 XAUUSD: Forecast for the first week of MayAccording to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over the same period to 1,238 tons - the strongest first quarter of the year since 2016. The first quarter showed no slowdown in central bank gold purchases, with net purchases of 290 tonnes being added to official holdings, only a fraction of which is currently reflected in IMF data. However, last week Gold is showing an ongoing downtrend. Will gold turn around or break ATH?
OANDA:XAUUSDShort
by Stone_Haven
XAUUSD Shorts from 2340 down towards 2300My analysis for gold this week aims to sustain the short-term bearish trend it has initiated. I have identified two promising supply zones away from liquidity that could potentially provide favorable setups. If price retraces initially, I will consider buying from my 4-hour demand zone up to the supply, ensuring I capitalize on available opportunities. I'll wait for price to slow down and develop a Wyckoff distribution within the 1-hour supply zone. However, there's a possibility of price surging beyond it due to the existing imbalances above. This is because the supply zone I've identified at the extreme top is the most optimal. Additionally, there's still significant liquidity to the downside that must be addressed. Confluences for GOLD sells are as follows: - Price has caused a major shift in trend as well as a BOS to confirm this downside move. - Lots of liquidity left to get taken to the downside like Asia lows and trendlines etc. - Very clean supply away from liquidity on the 1-hourly as well as the 8-hourly - If price is still wanting to go up these are still key levels for retracements. - Gold has been very bullish and buyers are getting exhausted. - Price has also taken ATH's which is a major liquidity point for price to make a reversal. P.S. Given the ongoing war, gold tends to maintain its stability and continues to rise, being a robust commodity that doesn't always correlate with the dollar index. At present, I'm awaiting the activation of my points of interest (POIs) to initiate my strategy.
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD | GOLDSPOT | New perspective | follow-up detailsLast week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in February. The robust inflation figures dampened Gold's attractiveness as they dampened expectations for Federal Reserve (Fed) rate cuts in the upcoming September monetary policy meeting. Traders responded by scaling back their bets on Fed rate cuts, influenced by the persistently high GDP Price Index, which surged to 3.1% from the previous 1.7%. According to the CME Fedwatch tool, the probability of a rate cut in September now stands at 59%, down from 69% just a week ago. Given these developments, the outlook for Gold in the coming week remains uncertain, especially with several high-impact events on the horizon. How will Gold prices fare amidst these significant economic indicators? XAUUSD Technical Overview: In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities. Our focus for the upcoming week centres around the $2,350 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 $2,350 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment. #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.
PEPPERSTONE:XAUUSD
by darcsherry
1
gold prices dropped sharply, the 226x area is becoming clearerWorld gold costs are generally calculated in USD; Therefore, whilst the USD charge is going up, the gold charge generally is going down. However, recently, this not exists as a rule. Many instances whilst the USD charge is going up, the DXY index is going up however the gold charge nonetheless is going up. This approach that, similarly to the effect among the USD and hobby costs on gold costs, there are nonetheless different factors, specially investors` expectancies. Gold costs reversed path after rebounding above key assist nowadays, despite the fact that the yellow metallic's momentum become hampered with the aid of using continual expectancies of better hobby costs for the longer term. America. The yellow metallic again to the $2,300/ounce mark in in a single day buying and selling after americaA Federal Reserve (FED) quashed expectancies of any in addition hobby fee hikes - which pulled the greenback decrease costs and produce a few comfort to commodity costs. But the Fed nonetheless signaled that it's miles in no hurry to begin slicing hobby costs - a fashion this is anticipated to restriction any primary profits in gold costs. The Fed saved hobby costs regular on Wednesday, as broadly anticipated. But FED Chairman Jerome Powell, in his speech after the meeting, gave particularly combined indicators approximately the improvement of hobby costs. While Powell stated that delaying deflation - specially as inflation strategies the Fed's 2% target - offers the financial institution little self assurance in beginning to reduce hobby costs soon. But Powell additionally stated that the financial institution has no plans to elevate hobby costs in addition. The latter's remarks weakened the greenback, dragging it close to a six-month excessive. This pass allows particularly lessen metallic costs, which might be struggling a pointy decline earlier than the FED meeting. However, the chance of US hobby costs final excessive for a long term has affected the outlook for gold costs, specially whilst the secure haven for the yellow metallic has additionally fallen in latest sessions. Other valuable metals rose nowadays after falling sharply in advance this week. Platinum futures rose 0.6% to $968.30 an ounce, at the same time as silver futures rose 0.3% to $26,825 an ounce.
OANDA:XAUUSDShort
by TheLeader_WOLF