XAU USD BUY There is a potential incoming bullish move on the 4 hour timeframe. Stop loss: 2.350 Take profit: 2.400Longby Visionary_insights1
XAUUSD Economic outlook analysis LONGFundamental Economic State Global Economic Overview: Economic Growth: Global GDP Growth: Global GDP growth has been mixed, with advanced economies experiencing slower growth due to tighter monetary policies, while some emerging markets show stronger performance. The IMF projects global growth to be around 3.2% in 2024. U.S. GDP Growth: The U.S. economy is expected to grow at a moderate pace, around 1.7% for 2024. This moderate growth supports demand for safe-haven assets like gold during times of economic uncertainty (IMF) (FocusEconomics). Inflation Rates: Global Inflation: Inflation remains a concern globally, although it is expected to decline in many advanced economies. U.S. inflation is projected to stabilize around 3% by late 2024. Impact on Gold: Higher inflation often increases the demand for gold as a hedge against inflation. Declining inflation could reduce some of the upward pressure on gold prices, but ongoing economic uncertainties can sustain demand (IMF) (Stats NZ). Employment Data: U.S. Employment: The U.S. unemployment rate is stable at around 3.5%, reflecting a strong labor market. However, tight labor markets can also lead to wage inflation, influencing gold prices indirectly through inflation expectations (IMF) (FocusEconomics). Fiscal Policies: U.S. Fiscal Policy: The U.S. government continues to implement fiscal measures aimed at economic stability, including infrastructure investments and targeted support for households. These measures can influence economic growth and, consequently, gold prices (IMF) (FocusEconomics). Monetary Policies: Federal Reserve Policy: The Federal Reserve's interest rate policies are crucial for gold prices. While the Fed has tightened monetary policy to combat inflation, any signals of easing could boost gold prices as lower interest rates make gold more attractive compared to interest-bearing assets (IMF) (FocusEconomics). Daily Percentage Changes Over the past month, the XAU/USD exchange rate has shown notable daily fluctuations. Key movements include: Early May 2024: A drop in gold prices following stronger-than-expected U.S. economic data, which increased expectations for further Fed tightening. Mid-May 2024: A recovery driven by geopolitical tensions and weaker-than-expected economic data from major economies, increasing gold's appeal as a safe-haven asset. Late May 2024: Consolidation phase with prices stabilizing around 2350 USD after initial volatility (IMF) (Stats NZ) (FocusEconomics). News Analysis Recent news impacting XAU/USD exchange rate includes: Geopolitical Developments: Escalating geopolitical tensions, such as conflicts in the Middle East or trade disputes, have historically driven demand for gold. Economic Data Releases: Mixed economic data from the U.S. and other major economies have influenced gold prices, with weak data supporting gold as a safe-haven asset. Central Bank Announcements: Statements from the Federal Reserve and other central banks regarding future monetary policy paths have impacted gold prices by affecting investor expectations (IMF) (FocusEconomics). Interest Rate Expectations Federal Reserve: The Federal Reserve is expected to maintain its current interest rates through mid-2024, with potential for easing if inflation continues to decline. Lower interest rates typically boost gold prices as they reduce the opportunity cost of holding non-yielding assets like gold (IMF) (FocusEconomics). Global Central Banks: Similar trends are observed in other major economies, with central banks balancing between controlling inflation and supporting economic growth (IMF). Commodity Prices and Market Sentiment Gold Demand: Demand for gold remains strong due to its role as a hedge against inflation and economic uncertainty. Investment demand is supported by continued geopolitical and economic risks. Market Sentiment: Current market sentiment towards risk is mixed, with periods of risk aversion supporting gold prices. Safe-haven flows into gold remain significant during times of market volatility (IMF) (FocusEconomics). Projection Figures Based on current economic data and trends, the XAU/USD exchange rate is projected to be around 2400 USD by the end of June 2024. This projection considers stable demand for gold, potential shifts in monetary policy, and ongoing economic uncertainties (IMF) (FocusEconomics). Trade Ideas Short-term: Consider going LONG on XAU/USD at current levels (around 2357 USD) with a target of 2400 USD, based on expected stability in demand for gold and potential easing signals from the Federal Reserve. Long-term: A cautious LONG position could be taken with a target of 2500 USD, assuming continued geopolitical tensions and economic uncertainties driving safe-haven demand (IMF) (FocusEconomics). Current Price Consideration As of now, XAU/USD is trading around 2357 USD. The projections and trade ideas are aligned with this current price, ensuring relevance and accuracy based on the latest economic data and market conditions (IMF) (FocusEconomics). Additional Considerations Global Macroeconomic Trends: The global economic outlook, particularly developments in major economies like China and the Eurozone, will continue to influence XAU/USD. Seasonal Trends: Historical data indicates that certain seasonal patterns may affect gold prices, which should be considered in the analysis. By keeping these factors in mind, the provided projections and trade ideas aim to offer precise and realistic guidance based on thorough economic analysis.Longby Georgetass21
GOLD - Many factors will be surprisingGOLD PRICE ANALYSIS - May 29, 2024 SCALP--Sell gold across the fee variety of 236x Yesterday the fee did now no longer attain the anticipated degree as a way to promote. During the day, the fluctuations had been pretty gentle. However, it could additionally be visible that the fee restoration has regularly exhausted itself, with the fashion of traders trying to promote extra and extra. Traders nowadays can prioritize locating Sell points. -- Gold costs fluctuated these days as buyers waited for americaA to launch inflation statistics withinside the following few days to are expecting while to reduce hobby rates. The data which can marvel the gold marketplace withinside the following few days is americaA center private intake fees index (PCE) - an critical inflation degree of americaA Federal Reserve (FED). Meanwhile, a few FED officers agree with that americaA financial system nonetheless has the cappotential to get better significantly. They need to peer extra nice inflation statistics earlier than reducing hobby rates. In reaction to the above data, the USD has reduced in rate as compared to many different robust currencies. Today`s global gold rate has situations to consolidate its upward momentum.by Chart_MasterPro2
Crude Oil Battles to Break Through Key Support ZoneHello There, Technical Outlook: Crude oil prices have been locked in a tug-of-war around a critical support area, testing the 76.253 level twice in recent trading sessions. Despite the downward pressure, the commodity appears poised to make a push higher, according to RSI levels. The 77.082 - 76.253 zone has emerged as a key support area, and a higher low above this range could signal the start of a bullish trend. A potential move higher could see prices stretch up to test supply levels. If prices can establish a higher low above that zone, it would lay the groundwork for a bullish breakout and a push toward the upside. However, the setup would be invalidated if prices were to fall below the 75.324 red line. Overall: If the price gains the momentum to hold above the key support zone, it could set the stage for a sustained rally, but a breakdown below 75.324 would likely signal a shift in the overall market sentiment ending the range in the Weekly timeframe. Fundamental Points: Oil prices went down because: There's too much oil being produced and not enough being used Inflation (prices going up) in the services sector (like healthcare, education, and finance) might stay high for a while This means interest rates (the cost of borrowing money) might stay high for longer than expected There's now more oil stored in tanks than expected, which is also causing prices to fall Happy Trading, K. Longby KhiweUpdated 2
Silver Prices Poised for Bullish Rise as Key Indicators AlignHello there, Technical Outlook: Silver prices have been hovering above the 29.982 mark, and need a close watch over the RSI for signs of a potential bullish trend. If the silver price manages to pull above the RSI moving average and surpass the 50 level, it could signal a proper bullish rise soon. The current market conditions have also challenged the Elliott Wave theory's fourth wave, which suggests that the price may be consolidating before a potential upward move. The 72-day exponential moving average (72 DEMA) is another key indicator that suggests an overall bearish market, so it's a high-risk setup. Fundamental Summary: Silver prices are up 1.5% to $30.58 per ounce. The outlook for silver is uncertain due to the Federal Reserve's plans to raise interest rates. The US economy is looking strong, which could affect silver prices. Investors are watching the US dollar and a key economic indicator called durable goods orders. The overall outlook is uncertain, but silver prices are currently up 20% since the start of the year Happy Trading, K.Longby KhiweUpdated 1
GOLD'S LEAP AFTER THE NEWS IS RELEASEDGold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report. On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further. Ananda research and comments XAUUSD PLAN DAY 29/05/2024 🔴SELL GOLD: 2370 - 2472 , SL: 2476 (scalping) 🔴SELL GOLD: 2386 - 2488 , SL: 2392 🟢BUY GOLD: 2324 - 2322, SL: 2318 (scalping) 🟢BUY GOLD: 2305 - 2307 , SL: 2301 Breakout & retest: - Breaking and closing on: 2361 - 2374 - Break and close below: 2345 - 2335 - 2322 Support 2347 - 2335 - 2322 - 2316 - 2307 Resistance: 2370 - 2378 - 2384 - 2397 by Scalper_Ananda225
The bullish view on gold remains unchanged, so rest assured and Hello ladies and gentlemen! The capital market is always unpredictable. Last week, gold was still falling sharply. This Monday, gold rose directly as I predicted. People who have followed me for a long time know that on Monday, I made it clear that gold will bottom out this week, opening up room for growth. . Gold rose directly after the market opened on Monday. Although the U.S. market was closed, the rise was still very strong. The highest was 2358, and the overall price was as much as 25 US dollars. It has stepped out of the gold rising channel. Now the bottom is obvious, and the market outlook will rise significantly. Although the U.S. market is closed on Monday, the market situation on Monday cannot be ignored. Gold rose on Monday. On the one hand, the weakening of the US dollar index and on the other hand, the geopolitical situation in the Middle East boosted safe-haven buying. There are few economic data on this trading day. Pay attention to the U.S. Conference Board Consumer Confidence Index in May. In addition, you need to continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation in the Middle East. Investors are currently awaiting data on the U.S. personal consumption expenditures (PCE) price index for April, due to be released on Friday, which is the inflation gauge favored by the Federal Reserve. Under the support of the weak US dollar, gold reversed upward. As mentioned before, the US dollar is expected to fluctuate and fall slowly in this cycle. Below, we look at 104 and a low of 102.5. For the time being, the falling space of 104.4 has not yet been completely cleared. Therefore, there is still room for a slow decline during the week. Then, due to the difference of gold, the rise has just begun. Therefore, there is no rush to discuss how much the U.S. dollar will fall and how much gold will rise. Let's look at the respective spaces first. Gold rose directly at the opening on Monday, from 2333 to 2358, with an overall increase of 25 US dollars. Although the US dollar was closed, it did not affect the upward trend and basic space. Therefore, the basic market had the following changes after Monday's rise. First, the daily line closed positive last Friday and broke through the Bollinger Band mid-range suppression point. Then, the intraday upside can continue to look at the upper track high or the previous high of 2430, because there is still a lot of room for growth in the daily cycle. Second, during the continuous rise in the H4 cycle, the moving averages formed an upward diverging hook, and the K-lines all closed above the moving averages, simultaneously breaking the Bollinger middle track. Therefore, with clear strength, the next step is to at least see the Bollinger upper track above 2382. , therefore, the direction is clear on Tuesday and remains bullish. Then, it is determined that the US dollar is weak and the technical outlook of each cycle is bullish. In small cycles, we only need to consider the entry point for long positions. In the structure, the hourly support is around 2348. The Asian and European market can follow the bullish trend at this point. Following the trend, 2370 and 2382 can be seen above. My analysis may not be completely correct or suitable for everyone. If you have better suggestions, you can tell me. Longby Yuliya10Updated 18
XAUUSD - short term is still completely on the buy side💎XAUUSD Analysis💎 🔸The short-time period gold rate continues to be retaining an uptrend, specifically after checking out the 2347 neckline yesterday. Therefore, nowadays it's far anticipated that gold will preserve to upward thrust to discover the resistance vicinity across the 2370-2375 threshold. You can bear in mind shopping for across the 2350-2355 vicinity, that is the vicinity touching the preceding fashion line. ⚜️BUY LIMIT XAUUSD⚜️ (The order takes impact inside 24 hours) 👉ENTRY 2348-2350 🔺SL 2344 ❇️TP1 2356 ❇️TP2 2362 ❇️TP3 2370 -- Gold fee forecast Thus, it's miles possibly that the Fed will nevertheless opposite economic coverage withinside the 2d 1/2 of of 2024. At that time, the USD may have issue ultimate at its contemporary level. After hovering to 105.2 factors on the give up of ultimate week, the DXY index - measuring the fluctuation of the dollar towards 6 primary currencies - at the start of the May 28 session (US time) dropped to 104. ,four factors. Gold costs extended sharply way to the commodity intently associated with gold, WTI oil, which extended through 1.5%, to almost 78.nine USD/barrel. On Kitco, consistent with Kim Cramer Larsson, an professional from Saxo Bank, gold is once more in a fee growth after ultimate week`s plunge. Accordingly, if gold breaks the resistance threshold of 2,385 USD/ounce, gold will go back to its preceding uptrend. The goal can be 2,500 USD/ounce.Longby TheLeader_WOLF3
2,310 USD/ounce is an important short-term support level this wgold expenses improved barely these days as traders waited for americaA to announce inflation information withinside the following few days to are expecting whilst to reduce hobby quotes. The facts that can wonder the gold marketplace withinside the following few days is americaA center non-public intake fees index (PCE) - an vital inflation degree of americaA Federal Reserve (FED). The greenback slid to its lowest in greater than a week, making gold inexpensive for holders of different currencies. Gold expenses in Asian markets nearly went sideways at some stage in the buying and selling consultation on May 28, whilst the USD weakened. Meanwhile, traders are expecting vital US inflation information to provide clues approximately whilst americaA Federal Reserve (Fed) will reduce hobby quotes. “The outlook for a more potent USD is supported with the aid of using a extrade withinside the US economic coverage stance, because the Fed starts to search for proof to elevate hobby quotes in place of easing economic coverage which will be a risk. large for the gold marketplace.by TrategySherpa3
GOLD - The bulls completely dominated the marketGold Currently I see it reacting pretty definitely to the present day parallel Resistance Zone. In order for Gold to boom strongly returned to the 238x quarter or similarly to 24xx, Gold have to at the least spoil via this 2366 Reaction Zone soon. Otherwise, I bet there can be a time to check the 234x location once more, then Gold will boom strongly. >Like Today you could confer with Gold`s Reaction Soup round paragraph 2351>2355 To Buy SL 2348 TP 2365>237x Currently, I see that Gold is walking absolutely at the Ma line, so I will wait and purchase once more following the response to Ma in Frames M30 and H1. Also, look ahead to response vs resistance on this location to shop for once more. If you've got got any questions, please inbox me so I can proportion moreLongby TheLeader_WOLF0
gold will fall gold is correcting now after a strong drop .what does it indicate that the it will be a sell seller will control the market and also gold is now currently moving inside of a bearish channel .also there has a very interesting poing of volume 2338 will occur when london and us session starts.Shortby rasindu2003Updated 5
XAUUSD Downtrendline Rejection ? 29.05.2024- Downtrendline rejection at $2361.25 on 1HR XAUUSD chart is identified - If rejection holds, high chance of price decline. - If rejection fails and breaks upside, high chance of price increase. - Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)by BDSwiss_Academy2
Gold price decreases temporarily or long term💥Gold prices extended their decline on Wednesday. The yellow metal's potential for further upside may be limited as the FOMC minutes are understood to be significantly more hawkish than previous releases. 💥The future direction of gold may depend on the results of the FOMC Minutes. Technical indicators in the daily chart suggest an extension of the ongoing correction, as indicators retreat sharply from indexes near overbought levels, maintaining a solid bearish slope at positive levels. pole. The potential downside target and key support zone is around $2,338, where the pair has its lowest level in the last three weeks. Meanwhile, the EMA 34 and EMA 89 are showing a downward slope in the h2 time frame, and the price is trading below the two EMA lines, showing that the downtrend will last at least until next week. 💥PLAN trading May 23 Support: 2352 - 2337 - 2321 Resistance: 2383 - 2400 - 2413 SELL price range 2380 - 2382 stop 2385 BUY price range 2338 - 2336 stop 2333by TVS-TraderUpdated 10
Gold trading strategy today, short-term sell entryWorld gold prices today (May 29) increased in the context of a weakening USD, while investors are still waiting for US inflation data later this week to judge when the Fed will cut interest rates. . The US Dollar Index fell 0.1% to its lowest in more than a week, making gold cheaper for holders of other currencies. Investors will monitor the US core personal consumption expenditures (PCE) price index published on Friday (May 31). This index is considered the main inflation measure of the US Federal Reserve (Fed). Military conflicts taking place in the Middle East and the Russia-Ukraine war are continuing to cause geopolitical instability, reinforcing gold's appeal as a safe-haven asset. Bob Yawger of Mizuho Bank said that according to some sources, a member of the Egyptian security agency was killed in a firefight with Israeli forces. Additionally, central banks around the world have steadily increased their gold holdings over the past two years, with China's central bank being one of the most active buyers.Shortby FalCol_TradingMaster6
XAU Continues strong upward momentumWorld gold prices increased slightly today as investors waited for the US to announce inflation data in the next few days to predict when to cut interest rates. The information that may surprise the gold market in the next few days is the US core personal consumption expenditures index (PCE) - an important inflation measure of the US Federal Reserve (FED). The dollar slid to its lowest in more than a week, making gold cheaper for holders of other currencies. Gold prices in Asian markets almost went sideways during the trading session on May 28, when the USD weakened. Meanwhile, investors are waiting for important US inflation data to give clues about when the US Federal Reserve (Fed) will cut interest rates. “The outlook for a stronger USD is supported by a change in the US monetary policy stance, as the Fed begins to look for evidence to raise interest rates instead of easing monetary policy which could be a risk. big for the gold market.by TrategySherpa2
Gold increased slightly and waited for PCE newsCurrently, buyers are anticipating the non-public intake prices charge index (PCE), the favored inflation degree of the United States Federal Reserve (FED), predicted to be introduced on January 31. five for greater clues approximately the destiny course of Fed policy. The gold marketplace can be touchy to inflation data. Accordingly, if the document suggests falling charge pressure, it'll boom expectancies of FED hobby price cuts and increase gold charges. On the contrary, if PCE is better than the marketplace forecast, gold charges may also fall even deeper. The gold marketplace can be touchy to inflation data. Accordingly, if the document suggests falling charge pressure, it'll boom expectancies of FED hobby price cuts and increase gold charges. On the contrary, if PCE is better than the marketplace forecast, gold charges may also fall even deeper.Longby TrategySherpaUpdated 1
XAU increased slightly in the first trading session of the weekCurrently, investors are waiting for the personal consumption expenditures price index (PCE), the preferred inflation measure of the US Federal Reserve (FED), expected to be announced on January 31. 5 for more clues about the future direction of Fed policy. The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper. The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price pressure, it will increase expectations of FED interest rate cuts and boost gold prices. On the contrary, if PCE is higher than the market forecast, gold prices may fall even deeper.by TrategySherpaUpdated 3
Gold sell again for weekHi traders, we sell agin gold for week. And our old trader are running till now❤️Shortby FOREX_HIGHT2
Bullish trend in XAUUSDA bullish trend is observed in Gold XAUUSD and is likely a good point to take a long position. The previous trend was bearish and there was a bullish divergence and the trend reversed after the divergence.Longby wakqas121
XAUUSD SHORTSBreak of the higher timeframe uptrend Anticipating a strong push to the downside, rejections respecting the Fibonacci Shortby GiovanniEx0
WTI Crude Oil: LONGToday's session marks the beginning of the bullish move higher to test the April 2024 WTI highs. The ultimate target seems to be around the 85.00 - 87.00 region. This move begins now and may possibly extend to the end of June or early July. The stop loss should be around the at least be 77.90. Stay tuned for updates.Longby ZAR_Republic3
Gold Scalping SetupsA day trader should have a realistic target of 40 to 50 pips. I am sending you my analysis on gold according to smart money concept. Do your own and trade after match. by FineTrader786117
Bear StrongGold price is down. It was retracing near 2370 but it faed, but now is seem to go near 23000 Down ( in 30m tf) there is liquidity. The probabity of price is to clear that one. Let us see. Shortby BoaNergeTrading2