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Xauusdsetup

xauusd setupsthere is a FL up ahead which avoids price to go further, I believe this Fl will consumed ASAP and the price will go for next demand zone. TP is the next supply zone that can be a good place for LONG! ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards. Good luck ❤️
FOREXCOM:XAUUSD
by mirzaeiamirsoheil
XAUUSD: May 29-June 2 Trading Signals Hello, traders! I love gold! Trading it made me a huge profit! In the past week, gold 1985 was not successfully broken. We traded a large number of gold short positions according to the plan and made high profits. This is a very pleasant thing! Now, follow me as we make beautiful plans for our deals this week! This week, there are a lot of data to be released, three of which are very important, May ADP (Thursday), May unemployment rate (Friday), May NFP (Friday), these three are very important for gold , is a data with a super impact. In addition, there will be weekly unemployment data on Thursday. These two days are the focus of our trading, please be sure to grasp it! Judging from the data released in May, I think these two heavyweight data are more likely to be negative for gold. This is my judgment based on the analysis and comparison of some data released in May. In terms of technical form, the 1D chart has not yet formed a bottom form. Judging from the past rise to 2070 and the next trend, it is still very difficult to truly complete the trend reversal now. If there is news, it will become simple, but this week's news, I think it may be very beneficial to the gold bears, so I ruled out this option. Of course, this is not 100% sure. If my judgment is wrong, then It will be back above 2000 and if I am correct it will drop below 1900 this week. In the 4h chart, its shape is very similar to M top (double top), and the resistance of 1985 has been confirmed. The current resistance is 1956, and the support is 1933, 1911, and 1899. Because of the judgment of the news and the shape of the 1D chart, my trading point of view is to short, with the target below 1900. Judging from the current trend, the sharp decline will appear on Thursday and Friday, and the news will be used to complete it. Trading Signals: buy:1888-1912 tp:1926-1934 sl:1882 sell: 1956-1985 tp:1933-1890 sl:1989
FOREXCOM:XAUUSDShort
by Roey_
2
GOLD 31/5 - Do you think this's a short-term bull run?Yesterday, gold prices experienced their largest daily gain in over a week due to a decrease in the US Dollar Index and Treasury yields. This was partly due to month-end positioning and a general sense of caution among investors. Mixed US data also contributed to the decrease in the value of the dollar and an increase in the value of XAU/USD. The Relative Strength Index for XAU/USD at 14 is ascending and has improved from oversold territory, which supports the rally. However, there were also bearish indicators from the Moving Averages Convergence and Divergence indicator, which prompted gold buyers. Currently, Gold is experiencing a minor bullish correction with a target of $1975 in the short term. Yesterday, I initiated a Buy order at $1934 and successfully hit the target at $1960. As of today, we are anticipating further growth in the value of Gold.
FOREXCOM:XAUUSDShort
by DNA_TradingFX
12
XAUUSD: The next goal of the golden bears!Gold bears approach $1,930 support on US debt ceiling extension Technical analysis: Let's begin by creating boxes in frame H1 and doing so before new news is released. Our attention should be on the approaching EMA 34 and EMA 89, which are moving towards the box top range. While the RSI is below average, it has not yet hit the alarming level. Additionally, the trading volume remains constant and at a low level. Market Outlook: Economic woes, US debt ceiling concerns continue to lend support Currently, the equity markets are experiencing a softer tone due to worries about the global economic slowdown and the US debt ceiling. However, this situation could offer some support to the safe-haven Gold price and limit any deeper losses. Unfortunately, the negotiations between Democrats and Republicans to raise the government's $31.4 trillion borrowing limit have not made much progress. Additionally, Fitch has placed the US on negative watch for its top-level "AAA" rating, while credit rating agency DBRS Morningstar has put the US on review for a downgrade on Thursday. These factors have reduced investors' desire for riskier assets.
OANDA:XAUUSDShort
by Sphyn-Trader
9
XAUUSD:Trading advice for the day Over the weekend, the US debt negotiations reached a preliminary agreement to continue to raise the debt ceiling, and this week will vote to approve the preliminary debt ceiling agreement that will raise the US debt ceiling for two years, while setting new limits on spending during this period. The agreement will keep non-defense spending in fiscal 2024 at roughly the same level as in fiscal 2023 and increase it by about 1% in 2025. For the market at the beginning of the week, excluding the impact of the news, continue through technical analysis, gold normally opened around 1942, belongs to the normal opening performance, then, continue gold's weak decline last week, intraday shock weak suppression point in 1958, although weak gold, but the beginning of the week directly unilateral decline is unlikely, therefore, intraday need to see a small range of shock range performance, therefore, intraday even if short, you need to pay attention to the rebound in the key suppression point short. Under the trend view, you need to pay attention to the long and short trend point 1935 gains and losses, the US market is closed on Monday, and it is unlikely to break 1935 directly, so it is optimistic that Monday is a volatile trend. But if it breaks 1935, then the first target point of 1900 can be seen below. Combined with the small cycle of the plate, gold fell slightly to 1940 weak in the morning, under the obvious range of the hourly line, you can 1935 for defense, 1940 for support long, the strength of the rise to see the shock high 1955/1958, the U.S. market probability can not break the 1958 suppression point, when the time can be backhand short, continue to look at the weak downside. Gold trading advice today: gold:buy@1942-1945 tp:1950-1955 Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
FX:XAUUSDShort
by UnknownUnicorn55305536
XAUUSD: The Bears' Next Goal!Technical analysis: The price of gold has dropped below a descending resistance line that is three weeks old and is currently around $1,954. This is the third consecutive week where the price has fallen. Despite the Relative Strength Index (RSI) line performing poorly in the past few days, the bearish signals from the Moving Average Convergence and Divergence (MACD) indicator are attractive to gold buyers. In addition to the MACD signals and the immediate resistance line, the convergence of the 21-day and 50-day moving averages, which is around $1,995, followed by the $2,000 round figure, are also positive indicators for XAU/USD to cross and convince buyers. If the gold price remains above $2,000, it will draw attention to the previous monthly high of around $2,050 and the recently flashed record top surrounding $2,080. However, if the price falls below the resistance-turned-support line of around $1,954, the bears won't have an easy time selling, as an upward-sloping trend line from November 2022, close to $1,930, can challenge them before giving them control.
OANDA:XAUUSDShort
by Jiren-SphynChannels
2
XAUUSD: Where is the most beautiful selling position?Technical analysis The support and resistance levels are performing effectively, and at 1955, a robust resistance zone has been established. With the goal of continuing to decrease to the 192x region, Gold is required to increase slightly to create liquidity. SMA is forming a continuous decline in wave cycle. Update new news situation The US Dollar is expected to remain strong due to optimism surrounding the US debt deal and the Federal Reserve's hawkish stance. There may be a slight dip from the two-month highs, but this is expected due to end-of-the-week flows. The United States Core PCE Price Index data, which is the Federal Reserve's preferred inflation gauge, is also set to be released soon. The annual Core PCE figure for April is expected to remain the same as March, increasing by 4.6%. Predict continues the downtrend!
OANDA:XAUUSDShort
by Jiren-SphynChannels
6
XAUUSD: The next trend and market development!Technical analysis (basic) The XAU/USD is currently hovering around $1,945, marking its second consecutive day of decline. According to the technical readings in the daily chart, the risk is leaning towards the downside. The pair fell below the bearish EMA89 and is slowly approaching a directionless EMA34, which is currently providing support at around 1,933.70. The Momentum indicator has slightly improved but is still in the red, while the Relative Strength Index (RSI) indicator is showing a downward trend near 30, suggesting that the pair may continue to move lower. Market Comments The Consumer Price Index has slightly decreased, resulting in a lower likelihood of the Federal Reserve implementing new rate hikes. This development is welcomed by the markets. There is a strong argument for taking a break. In addition, investors are already predicting a higher possibility of rate reductions, which is negatively impacting the value of the US dollar. PLAN TRADE IN THE INTRO thank you @TradingView
OANDA:XAUUSDShort
by Sphyn-Trader
15