Where will gold fall if it loses strong support?1. The fact that the Iranian government downplayed the attack on Israel and said it would not retaliate has cost the market some risk premium.
2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless.
3. The Israel Defense Forces issued a statement that night saying that the Israeli army monitored about 35 rockets fired from southern Lebanon towards the northern city of Safed and surrounding areas, causing no casualties. Subsequently, the Israeli military fired back at the source of the rocket launch.
4. The Polish President said that Poland is ready to deploy nuclear weapons.
5. Russian Defense Ministry: Russian troops have taken control of the eastern Ukrainian village of Novomy Khailivka.
Iran has also made it clear that it will not retaliate against Israel's attack, so the risk aversion sentiment in gold is also falling sharply. The entire sentiment caused by the conflict between Iran and Israel is likely to be completely retreated, and gold is likely to return to where it started. Location. However, there is support from the geopolitical conflicts in the Middle East and the Russia-Ukraine conflict, so there is still some support below gold and it will not keep falling.
The golden hour chart is still in a downward trend. For the current market, a larger rebound correction is bound to be carried out after the sharp decline. The high point of the short-term rebound is around 2320.
Xauusdforecast
Gold trend analysis
In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383.
Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet.
I will share trading strategies and trading ideas every day. I hope that with my help, everyone can make huge profits!
XAUUSD: Swing Selling Opportunity 1000+ Pips, What's your views?Dear Traders,
Even after dollar demand increased, the dollar kept its bullish momentum. We now can see Gold dropping and making a major correction possible towards 2280$ and then 2250$. There are two entries to consider. Trade wisely.
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The opportunity to go long gold has arrived again
Gold is still bullish overall. Although the K-line on Friday once reached around 2363, the big positive line then took a step to near 2400. This is obviously a bullish pattern, and the K-line has been fluctuating upwards recently, and 2370 has become more solid. The bottom is more stable
The gold daily level is also a strong bull. No matter how the K line falls, the K line can close the Yang line. This is the behavior of the market. At the same time, the K line is always above the moving average, and the support level continues to rise.
Trading strategy: Go long near gold 2368, stop loss 2358, take profit 2380
XAUUSD - Gold Simple Trading - Heads and shoulder
Gold is way overdue for a bullish retracement, is this the beginning of a pullback?
Watch to see if gold can hold below 2380. Looking to take SELL positions if the price can confirm the New resistance level.
**Price may not retest and continues to drop to TP
Bright prospects, gold is set to interrupt outDuring final week`s buying and selling session, global gold at one factor multiplied to 2,402 USD/ounce because of issues approximately war withinside the Middle East. However, a few traders took benefit of promoting to take profits, forcing the gold fee to shut at 2,392 USD/ounce.
World gold charges had been pretty calm on account that Iran's navy assault on Israel withinside the center of final week. Gold fee best skyrocketed to 2,430 USD/ounce for a quick time after which stabilized at 2,390 USD/ounce.
However, in line with many experts, the April non-public intake index (PCE) introduced with the aid of using americaA on the stop of this month can be the issue inflicting gold charges to interrupt the contemporary stability.
Market analyst Everett Millman of Gainesville Coins stated that this month's purchaser index is probably to decline, inflicting americaA Federal Reserve (Fed) to devise to reduce hobby fees sooner. That expectation will assist gold charges surge sharply, probably growing with the aid of using a hundred USD/ounce.
Meanwhile, Asset Management Chairman Adrian Day stated that gold charges will flow sideways withinside the close to future, as latest financial information reviews make the marketplace more and more more assured that americaA Central Bank will keep to keep to keep hobby fees at from 5.25% to 5.5%.
What influences the course of gold?World gold costs generally tend to lower with spot gold down 2.four USD in comparison to remaining week`s final stage to 2,388.eight USD/ounce.
The international gold marketplace remaining week fluctuated in line with a acquainted pattern. Gold costs constantly touched new highs way to being boosted with the aid of using refuge call for because of fears of escalating tensions, however then retreated and entered a consolidation phase.
Kitco News' state-of-the-art weekly gold survey suggests that each Wall Street specialists and retail buyers hold to trust withinside the treasured metal's strength, with 71% of Wall Street specialists and 64% of popular buyers. Retail members taking part withinside the survey forecast that gold costs will growth this week.
According to SIA Wealth Management marketplace strategist Colin Cieszynski, dangers continue to be great and will cause marketplace rallies. Sharing the equal opinion, senior commodities broking Daniel Pavilonis of RJO Futures additionally stated that geopolitical conflicts will hold to push gold costs up despite the fact that there's no on the spot escalation.
Gold price dropped sharply on the first day of the week--NEWS--
During ultimate week`s buying and selling consultation, global gold at one factor extended to 2,402 USD/ounce because of issues approximately struggle withinside the Middle East. However, a few buyers took benefit of promoting to take profits, forcing the gold charge to shut at 2,392 USD/ounce.
World gold expenses were pretty calm considering the fact that Iran's navy assault on Israel withinside the center of ultimate week. Gold charge most effective skyrocketed to 2,430 USD/ounce for a brief time after which stabilized at 2,390 USD/ounce.
However, in keeping with many experts, the April non-public intake index (PCE) introduced via way of means of americaA on the give up of this month can be the aspect inflicting gold expenses to interrupt the present day stability.
Market analyst Everett Millman of Gainesville Coins stated that this month's customer index is probable to decline, inflicting americaA Federal Reserve (Fed) to plot to reduce hobby quotes sooner. That expectation will assist gold expenses surge sharply, likely growing via way of means of a hundred USD/ounce.
Meanwhile, Asset Management Chairman Adrian Day stated that gold expenses will flow sideways withinside the close to destiny, as latest financial facts reviews make the marketplace more and more more assured that americaA Central Bank will retain to retain to preserve hobby quotes at from five.25% to five.five%.
Another improvement affecting gold expenses withinside the close to destiny is the weakening of the USD. The DXY index closed ultimate week's consultation down 0.five points, right all the way down to 106.1 points, growing the attraction of gold to shoppers conserving different currencies.
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This morning, the Gold Opening Session is displaying symptoms and symptoms of a moderate decrease. In my opinion, Gold`s Main Trend remains up. Because Gold has been fluctuating for a long term lately, I will advise following the fashion at the H4 body today.
>Current Gold Pulse Canh Buy Around 2376>2380
>SL 2372
TP 2388>239x.
If GOLD falls beyond the 2370 place for the duration of latest Asia-Europe session, I will advise it further. Just observe this advice and evaluate the chart to decide the Trend
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Current GOLD If you damage beyond 2070, you may sell. Follow the fashion. At this rate, I see that Gold is having pretty difficult resistance tiers parallel to the strolling price. This plan is a Buy scalp Set the right SL as Recommended. If I actually have any greater information, I will update
Gold short position is closed with profit, what’s the next tradeAt present, the K-line has stabilized at 2380, and the big positive line at the bottom has stopped the decline, directly consolidating the bottom signal, especially the K-line starting from below the moving average, directly breaking the suppression of the moving average, obviously unable to hold down the bulls
Trading strategy: long gold near 2380, stop loss 2370, target 2430
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold closed last week with a modest 0.59% gain, after touching an all-time high of $2,431. Geopolitical tensions spurred demand for safe-haven assets, pushing gold to its new peak before a pullback due to a strengthening US Dollar.
The release of US inflation data midweek introduced volatility in gold prices. Following the Consumer Price Index (CPI) report, the price dipped to $2,320. However, this downturn was brief as inflation pressures eased, influenced by a lower-than-expected Producer Price Index (PPI) report.
Comments from Federal Reserve officials, including Boston Fed President Susan Collins, Chicago Fed President Austan Goolsbee, and Kansas City Fed’s Jeffrey Schmid, tempered expectations of rate cuts.
Given the recent attacks on Israel by Iranian military forces, this video will illustrate the technical implications on the chart and how to position ourselves for the market’s next moves.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,335 zone, endowed with historical significance, rendering it a pivotal level for next week's trading activity. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a breach below the $2,335 level, coupled with persistent selling pressure, might signal 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.
XAUUSD Gold Technical Analysis and Trade IdeaIn this video, we delve into an analysis for XAUUSD Gold. Our analysis indicates a potential trading opportunity. We conduct a thorough examination of current price trends, meticulously evaluate market structure, and take into account market dynamics. When favorable conditions arise, we pinpoint a potential entry point. However, it is crucial to emphasize the importance of implementing effective risk management strategies. Please note that this video is intended solely for educational purposes and should not be construed as financial advice.
Already made 18K profit, continue to short gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over $18K.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Already made 18K profit, continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, gold first rebounded to 2392 today and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, the short-term rebound of gold did exceed my expectations.I originally thought that gold would not rebound beyond 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full 290 points of profit! Achieved profit of over $18K for the day.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 position area many times recently, and has started to fall downwards from there. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bull momentum, we can appropriately lower the short-term resistance expectations to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of news. With the current reduction in interest rate expectations, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, its dominance gradually declined, and the market always returned to the technical level. Overall, gold has a demand for a correction at the technical level, which to a certain extent has also suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may trigger a short counterattack and gold is sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies. The top focus will be on the key resistance area of 2390-2395.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
#XAUUSD: 1 HR updated view 800+ pips buying opportunity. Gold created all time high when it reached $2424 region, however, big investors close their positions and they sold gold strong, taking price to $2330 area. Price since then has been in recovery process, going forward, price can create another Higher High going above $2440. In one hour timeframe price behaved strongly bullish, giving us an hint of upcoming price move.
Taking a risk entry at current price can give you 800+ pips in take profit. However, we advise you to wait for price to fall 2380 if it does a entry at that area with stop loss of 150 pips may become more suitable. Good Luck and Trade Safe.
Always remember, there will be hundreds of good opportunities but in order for you to take most of it, you will need capital. So always protect your capital first, do not gamble everything. In fact, do not gamble at all, use proper analysis. Do your own research too.
Gold bulls are making perfect profits again!Dear friends, in addition to being exciting, it is still so good. Today we went long gold at 2370 and 2365, all of which hit TP and made considerable profits!
Today, gold has retreated to the 2365-2360 area many times. When the gold adjustment is over, a new round of upward movement is inevitable. After gold has deeply stepped back to the 2363 position, the candle chart continues to rise along the moving average, all the way up! The current highest level is near 2398. Of course, this is not the end. I think we will definitely meet again at 2400!
For trading, I will still maintain the rhythm of falling back and doing long, and focus on the short-term support area of 2380-2375 below. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold bulls are too strong, can we go long?Gold once reached the 2325 line, but then the big positive line directly pulled up 70 US dollars to around 2395. This is obviously a strong performance of the bulls.
The four-hour line is also obviously stepping on the moving average and soaring directly. The K line just falls back to the position of the moving average, and then takes off directly relying on the moving average. The low point keeps moving up, and the slope is obviously upward.
Trading strategy: Gold 2378 long, stop loss 2370, target 2404