XAUUSD UPDATE looking for (Bearish)
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD Looking for Bearish Around 2415-2418 Once we will Receive any Conformation the Trade Will be Excuted
Good Luck Guys 🤞
Xauusdsell
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.
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.
XAUUSD: Resistance 2392-2403
Pay attention to the strong resistance near 2392-2403. There is a high probability of stepping back to support.
Friday trading strategy analysis
#XAUUSD 2024.5.17
Did you have a profit yesterday on the buy order at 74/73 as planned? It's great to have a profit of 50-100 pips, right ^^
Today, the opening price of gold is below Pivot and POC so the direction is BEARISH. We will consider selling and target untested virgin POC at 2358-2352 (enter orders when there is a reversal candle at the key level).
Entry Sell: 2384 - 2389 - 2391
Target: 2358 - 2352
Note:
If there is no signal, do not trade
If you stop losing 3 times a day, you should rest
💡 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.
XAUUSD- Short-term trend is downGold Today I suppose it's far very possibly that there might be every other decline. With this quick fashion and rate model, for my part Gold might be capable of lower barely to the 236x location after which growth again.
>Currently, I nonetheless Hold Buy Orders, however with the rhythm of today`s Asian and European Sessions, I will Sell Short in step with Ma withinside the Small Frame and Buy in step with the rebound waves of RSI and MA withinside the Large Frame.
>Please seek advice from Canh Sell Gold round 2381>2383
Sl 2385
City 2374>2366
Soup to Buy According to Big Trends and Reaction Around 2362>2366
SL 2360
TP 2374>238x
This is a advice from my very own attitude that every one buyers can seek advice from.
GOOD LUCK MN ❤️❤️
XAUUSD UPDATE......(Bearish)
Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD for Bearish
XAUUSD (UPDATE)....
Short from Trendline 🔥🚀
Gold again To Retest the Resistance & Trend line of 2397-2402 But it is Strong key level so I think that there is a high Chance that we will see a Bearish Pullback and a move Down..
Will gold continue to hit new highs? Or a callback?
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can sell gold at a high price.
💡 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.
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 ❤️❤️
XAUUSD:A double top may form
Gold focuses on observing the support near 2358. If it falls below, there is a high probability that a double top pattern will appear, and the price will return to the 2347-2333 range again. When it cannot break the 2347-2353 resistance, the next space will be the 2318-2307 range.
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.
💡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.
XAUUSD(GOLD) ANALYSIS SELL 15MINS TIMEFRAME Here on Gold price has made a resistance around psychological level of 2360.000 making it two resistance and now at retest at the same zone . So is likely to move down so as to complete three resistance trendline , at retest going for SHORT are needed and targeting profits should be around psychological level of 2345.000
Shorting gold, PPI data will be an opportunity!After gold's short-term rebound to 2348 today, the rise has stalled again. So does gold still have the potential and willingness to go up? In fact, judging from the current market, I personally prefer to be bearish on gold. And I have also shorted gold above the 2346 position.
As far as the recent structure of gold is concerned, although gold has recently hit a maximum of around 2378 during the rebound, it seems to have the potential to hit 2400 again. However, the strength and amplitude of the rebound during this period were too fast, and there is no solid bullish foundation below.It's more like the market is deliberately pulling up, making the market more confusing. In addition, in the short-term structure, although gold touched the 2336 position many times and rebounded, it did not break through yesterday's high. The resistance in the 2350-2355 area showed strong resistance and built a double-top structure in the ultra-short-term structure. The short-term trend is still bearish.So in terms of trading, I'm still biased towards shorting gold. PPI data will be released later, which may be an opportunity to fall below the 2335-2330 area in the short-term structure.
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Gold Tuesday Trading Analysis
#XAUUSD 2024.5.14
Today's opening price of gold is below the pivot and POC so the direction is BEARISH. We have 2 virgin POC at 2366 and 2309/2312 so I guess gold will scan these 2 key levels. If you can wait, wait for scalping at the above 2 keys or wait according to the pivot plan for beautiful reversal signals to reach the sell target at 2309/2312.
Entry Sell: 2353 - 2366 - 2368
Target: 2218 - 2212 - 2209
Note:
- If there is no signal, do not trade
- Stoploss 3 times/day then you should rest
XAUUSD suddenly turned around strongly yesterdayBuy 233x
TP 235x
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World gold expenses on May thirteen became down.
"The purpose can be that traders left the marketplace earlier than a few chance occasions this week, including Fed Chairman Jerome Powell`s speech, manufacturer charge index (PPI) and patron charge index (CPI) ", commented Phillip Streible - marketplace strategist at Blue Line Futures.
Tai Wong - an unbiased treasured metals investor in New York, stated gold optimists are involved that to lessen hobby quotes, the Fed nonetheless desires cooling inflation data, in preference to simply weaker exertions data. .
Last week, the treasured metallic elevated greater than 1%, after the United States introduced that the range of latest unemployment gain programs elevated quicker than forecast, reinforcing the opportunity of hobby charge cuts.
In a Reuters survey, a majority of economists now assume the Fed to reduce hobby quotes two times this year, beginning in September. CME FedWatch hobby charge tracker additionally suggests traders making a bet at the chance of the corporation This decreased hobby quotes in September through 63%.
Low hobby quotes will gain gold, because the tool will pay no hobby. Today, the United States will announce the manufacturer charge index (PPI) and the following day the patron charge index (CPI).
Other treasured metals additionally went up yesterday. Silver expenses elevated 0.3% to 28.2 USD an ounce. Platinum introduced 0.6%, to 1,000 USD - the best in almost a year.
100% Gold AnalysisAfter the recent continuous fluctuations in the gold trend, the short-term bulls finally broke through the defense, and the price broke through 2323 and then started a unilateral decline! The lowest level reached 2284. From the daily line of gold, it fell to around 2291 at the beginning of last week and then rebounded. Then it rebounded to the highest level of around 2352 on Friday and then fell back. This week continued the weakness of last Friday. On Tuesday, it fell sharply by 50 US dollars and directly broke through the support near 2291 last week, setting a low since April 5; the daily line closed with a bald big negative line, and it will continue to fall during the day. The first support below is 2265. Once it breaks, it may reach around 2230. The market is optimistic that the Federal Reserve will send a hawkish signal. The US dollar index rose sharply to above 106, and gold fell under pressure. Although the Federal Reserve meeting did not move, Powell’s press conference will inevitably reiterate his hawkish remarks, so gold is bound to continue to fall. For intraday operations, you can refer to the 2305 area to enter a short order and look at around 2270.
Perfect Gold Trading AnalysisThe Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of $2,431.29. As US data showed rising employment costs, indicating that inflationary pressures persisted, gold prices fell sharply below the $2,300/ounce mark. In addition to the strengthening of the US dollar caused by US economic data, there were reports that Israel was preparing to send a delegation to Cairo to participate in the Gaza ceasefire negotiations, which weakened gold's safe-haven buying and dealt a blow to gold prices.
On the whole, today's short-term gold operation thinking is still to focus on rebound and short selling. The top short-term focus will be on the 2300-2310 first-line resistance, and the bottom short-term focus will be on the 2270-2275 first-line support. For intraday operations, you can refer to the 2295-2300 area for short entry orders.
XAUUSD:Mainly short
The current chart pattern of the large level (4h) is in a short trend. After the small level has fallen, there is a rebound demand, so this week's trading focus is mainly on short selling after the rebound.
Friends who want to catch the rebound market should pay attention to risk control and it is best not to be too greedy! The short target will first look at the 233-2323 range.
XAUUSD: Go long in the 2358-2352 range
Gold hits the resistance level, and the indicator needs to be repaired. Go short first and pay attention to the support near 2352. Go long if it does not fall below. The rebound resistance is near 2368-2373. If it cannot reach the breakthrough, go short again, with the target near 2343-2337
💡 XAUUSD: Is the gold trend clear yet?After the bullish signal with the extremely strong marubozu candle on the daily, the price continued to go up in the last session of the week, the 2360 level that we are observing was also penetrated, but by the end of the session the selling pressure returned. and forced the price to fall below this level, creating a rather long candle shadow above - the bearish pin bar model on daily. Therefore, buying at this time still has many potential risks, you should wait and observe more.
