XAUUSDK trade ideas
Gold Price Analysis May 30Candle D shows strong buying power on Thursday, most likely today Asia and Europe will decrease and the US session will return to the uptrend.
The bearish wave structure is heading towards 3280. This zone can be bought in Asia and Europe. In the US session, wait for the price reaction to break this zone, limit buying until the bottom of 3254.
Break 3254 confirms the downtrend and heads towards the two support zones 3238 and 3211
When the support zones bounce up, a nice bullish wave is formed and do not SELL Scalp until the 3320 zone. If you break, keep the BUY order up to 3343.
GOLD Move Up Ahead! Buy!
Hello,Traders!
GOLD went down and
Retested a horizontal
Support level of 3283$
And we are already seeing
A local bullish rebound so
We are locally bullish
Biased and we will be
Expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD M15 I Bearish Reversal Based on the M15 chart, the price could rise toward our sell entry level at 3307.85, a pullback resistance.
Our take profit is set at 3287.46, a pullback support,
The stop loss is set at 3321.98, an overlap resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
#XAUUSD[GOLD]: Massive Boost For Buyers, Incoming More Volume! Gold has been moving as expected in our previous chart. We anticipate a smooth bull market in the coming days, with a target price region of 3400$. There are three specific targets you can aim for.
If you’d like to contribute, here are a few ways you can help us:
- Like our ideas
- Comment on our ideas
- Share our ideas
Team Setupsfx_🚀❤️
Gold builds momentum across timeframes – breakout or fade?XAUUSD could potentially be presenting a multi-timeframe bullish bias, with the trend analyzer indicating strong uptrends from M30 through H4, and a weaker uptrend on the D1 timeframe.
The price has moved above the 20, 50, and 100-period exponential moving averages (EMAs), potentially suggesting strengthening short-term momentum. The 200 EMA near $3,254 has held as dynamic support and marked the low of the recent retracement.
If the price maintains above the 100 EMA and breaks through near-term resistance at $3,320–$3,340, there is potential for a move toward the previous high around $3,360.
Traders might like to watch for confirmation from volume around resistance before positioning for breakout trades. Caution might be warranted if the price dips below $3,254, as it may indicate a deeper correction.
Today's gold price: short again after falling below 3300Today's gold price: short again after falling below 3300
This will be my last participation in the market this week and my last belief.
Sell: 3295-3300
Stop loss: 3325
Target: 3250-3220-3200
The repeated fluctuations in the past two days are really heartbreaking. Even as a professional trader, I feel exhausted.
This week is another dull week. Trump's changes in instructions caught people off guard.
But trading is like this, always back and forth, and many times, we can't fully control it, but are controlled by it.
In order to seize as many time periods as possible that can control the fluctuations in gold prices, I often maintain a rhythm, trade only a few signals a day, and only trade in specific time periods that I can understand.
And strictly control stop loss and take profit, and use one month's data to calculate all my profits and losses.
After talking about mentality, let's analyze the price of gold:
Fundamental core:
Policy repetition and risk aversion
The US federal court ruled to suspend Trump's tariff policy, but the federal appeals court subsequently agreed to suspend the implementation of the ruling. Policy uncertainty leads to fluctuations in market risk aversion demand.
The White House said it would explore other legal ways to levy taxes, which exacerbated expectations of policy chaos and strengthened the attributes of gold as a safe-haven hedge tool.
Economic data and Fed policy
Weak employment data: As of the week ending May 24, the number of first-time unemployment claims in the United States surged by 14,000 to 240,000 (expected to be 230,000), suggesting a weak labor market and the probability of a rate cut in September rose to 84.4%.
Minutes of the Fed meeting: Keep interest rates unchanged, but acknowledge the risk of stagflation with "inflation and unemployment coexisting", and policy differences have intensified.
Geopolitical risks and long-term support
The situation in the Middle East (Israel may attack Iran's nuclear facilities) and the continued conflict between Russia and Ukraine have limited the decline in gold prices due to geopolitical premiums.
Central banks around the world have strong demand for gold purchases: China's gold imports in April hit an 11-month high. In 2024, global central banks will purchase more than 1,000 tons of gold, which will support gold prices in the long term.
2. Key technical points
Support level:
Short-term: 3280-3290 (4-hour Bollinger band middle track + psychological barrier).
Medium-term: 3250 (50-day moving average, if it falls below, it may fall to 3217).
Resistance level:
Short-term: 3335-3340 (previous high pressure area).
Breakthrough target: 3350 (opening the channel to 3400).
Key events:
US core PCE data for April: If inflation is lower than expected (previous value 2.8%), expectations of interest rate cuts will increase, which is good for gold; if it exceeds expectations, gold prices may fall below 3250 points.
Sudden change in geopolitical situation: Israel's attack on Iran's nuclear facilities may cause the gold price to surge 5% in a single day, breaking through 3,400 points.
XAU/USD: Bull or Bear? Let's Find Out! (READ THE CAPTION)By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price first corrected to the $3323 area and is currently trading around $3336. As mentioned in the previous analysis, as long as the price remains above $3313, we can expect further upside for gold. Based on the prior analysis, the next bullish targets are $3342, $3358, $3366, and $3394.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Profits in continuationTechnical analysis: Gold is isolated below consolidation area / my Neutral Rectangle I mentioned many times lately of #3,288.80 - #3,352.80 on Hourly 4 chart as I believed that best way to utilize current sequence was to Trade the break-out (while operating with Buying and Selling orders within the Rectangle which I did successfully lately) and wait for a next Daily chart’s candle. If market closes below #3,288.80 former Support now turned to Resistance, then most possibly I will have a downtrend confirmation / opening towards #3,262.80 - #3,268.80 Support zone first then #3,252.80 benchmark Support in extension. If however #3,300.80 benchmark gets invalidated to the upside and market closes full Hourly 1 chart’s candle above (only with Fundamental assistance and Buying pressure), then most likely Price-action should soon connect with #3,327.80 Resistance in extension / first pressure point.
My position: I have aggressively re-Bought (Scalps mostly) #3,288.80 Support many times throughout yesterday's session which delivered excellent Profit. However as I was without orders over-night, Gold extended the Selling sequence / dip and now will stop with Scalp Buying orders. I will operate as stated above and Trade the break-out.
Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,260.13
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 3,213.54
Why we like it:
There is a pullback support level that aligns with the 61.89% Fibonacci retracement.
Take profit: 3,344.27
Why we like it:
There is as pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GOLD About To Develop a WXYXZ PatternGOLD About To Develop a WXYXZ Pattern
GOLD it's a very risky trade as we have seen it often rising in days without news or without volume in the market.
However, the previous week gold reached 3365 and looks like the top was already completed.
Trump's decision to impose 50% tariffs also for Europe made gold bouce on Friday.
The current situation looks more stable. As we have seen already, Trump doesn't want to increase tariffs but to reach deals that are better for the US.
US and Europe will resume talks soon and this news improved the market sentiment for a slight sell-off on GOLD.
The chances are that this was the first movement, and a bigger wave may happen. I don't like gold shorts too much due to the price that moves up often without any clear reason.
The pattern this time is showing the possiblitity that it may expand in a large WXYXZ pattern and we could be on the Z wave as shown on the chart.
Targets: 3285 ; 3250; 3170 and 3100
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Bullish bounce off 38.2% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 3,262.87
1st Support: 3,208.70
1st Resistance: 3,360.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
THE KOG REPORT Bank Holiday tomorrow so we'll keep it simple and update the KOG Report on Tuesday ready for the week ahead. Please have a look at the last few KOG Reports to see how it went, wasn't a bad week at all.
This week, immediate red boxes are on the chart, there is a red box active above and the indicator is suggesting a potential retracement on the move. So we'll look for price to attempt the high, if failed we can expect the move downside into the order region where we may settle.
RED BOXES:
Break above 3365 for 3370, 3376, 3381, 3390 and 3403 in extension of the move
Break below 3350 for 3343, 3335, 3330, 3323 and 3310 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG