Daily live trade with XAUUSD in 15m/30m/1h 20240531Daily live trade with XAUUSD in 15m/30m/1h 20240531Longby tradermongolia3
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. As long as the price does not stabilize above the 100% level, there will be a possibility that the correction process will continueby STPFOREX2
Does silver correct? Hello my dears We are at your service with silver analysis. In the drawn diagram, we considered 3 goals that there is a possibility of seeing these goals in the future. There are 9 black dotted lines that are placed as resistance in the way of candles. We want to check the reaction of silver price when reaching these diagonal resistance levels. If you like my analysis, support me with likes and comments. thank youShortby hamidreza_FX112
Gold continues to be under selling pressureDear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing expectations of a Federal Reserve interest rate cut in September caused some selling pressure on the precious metal as it would increase the opportunity cost of gold. Accordingly, the resistance area at 2347 USD continues to hold the price and is actively defended by sellers on the basis of the down wave. I expect a test of horizontal support and a bounce aimed at retesting the 34.89 EMA levels, the price reaction to the liquidity zone will be consistent with our selling strategy. It is expected that the price will reach 2325 and 2307 at least.Shortby ConanForexUpdated 141459
GOLD PLAN 5/31World gold recovered yesterday after declining to test the support zone around 2322. Gold sometimes increased above 2350 when many US data released, including GDP data, showed that the economy was recovering. slowed, raising hopes that the US Federal Reserve (Fed) could cut interest rates later this year. Today the market focuses on Core PCE data– FED's preferred inflation assessment data at 19:30. According to data from the US Bureau of Economic Analysis released on Thursday, annual US GDP growth in Q1 was revised down to 1.3% from an initial estimate of 1.6%. This was lower than the 3.4% in Q4 but in line with analysts' expectations. GDP data shows that the US economy is not as strong as analysts previously thought and could indicate a decline in inflation, which in turn could prompt the Federal Reserve (Fed) to lower interest rates – a positive for with Gold because lower interest rates reduce the opportunity cost of holding the precious metal. Despite some signs that the labor market is weakening, the likelihood of interest rate cuts in June and July remains low. However, there are growing expectations for the Personal Consumption Expenditure (PCE)-Core PCE data released at 7:30 p.m. on Friday, which is likely to impact the Bureau's next expectations. Federal Reserve (Fed). Traders are anticipating the April release of the Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred measure of inflation. The core PCE number is expected to be 2.8% YoY, while headline PCE is expected to grow 0.3% MoM. In summary: The market is waiting for Core PCE data - the FED's favorite inflation assessment data to be published at 7:30 pm tonight. The data can change expectations for future interest rate cuts by the FED, thereby significantly affecting gold prices. Data is currently forecast to be 0.3%, equal to the previous period's 0.3%. If actual data released exceeds expectations ==> FED will keep interest rates high for a longer period of time, thereby causing gold to fall. On the contrary, if the data is weaker than expectations ==> Expectations for interest rate cuts increase ==> Gold is supported to increase. About the technical angle. 🔴SELL price range 2355 - 2457 SL 2352 (scalping) 🔴SELL price range 2373 - 2475 SL 2378 🟢BUY price range 2335 - 2333 SL 2300 (scalping) 🟢BUY price range 2324 - 2322 SL 2319 (scalping) 🟢BUY price range 2317 - 2315 SL 2312 (scalping) 🟢BUY price range 2305 - 2307 SL 2302 I will update if there are more entry Longby WinlouhUpdated 3
Gold - LongBulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade carefully as invalidation of this will not permit instant stop-losses.Longby Trader-DavesUpdated 2
GOLD Trades Idea for Friday 31 May 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 31 May 2024 BUY LIMIT Order: $2333.83 Stop Loss: $2322.41 Take Profit 1: $2345.00 Take Profit 2: $2359.86 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20% Trade Review For 30 May 2024 Our trade got triggered during the New York session. And we manage to hit take profit 1, let's continue to hold until take profit 2! I shifted stop loss to break even to lower risk. P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R 30 May: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10RLongby Barry_Games_Trading6
XAUUSD May 31, 2024 gold price reaches correction target?Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are showing that the US economy is facing difficulties due to the Fed's monetary policy control. Looking back a bit, we see that the CPI (Consumer Price Index) this period has decreased compared to the previous period. Tonight, the PCI (Personal Consumption Index) will be announced. If this index cools down, US inflation should have a good signal. This will contribute to helping the FED loosen its current monetary policy. The goal of tightening monetary policy is to ensure inflation reaches 2%, and when tightening monetary policy, raising interest rates will cause the economy to stagnate. Therefore, if US inflation has shown signs of cooling down while the economy is showing signs of stagnation, it is necessary for the Fed to consider policies to ensure a balance between economic goals and inflation goals. . Looking at the H1 chart, we see that the first target of wave 5 was achieved, then the price rebounded. - After the price bounces back, it is still early to say the correction has ended because the correction is confirmed to end when the price closes above 2450. But at least we will expect a price increase to the target. 2400 next week. - Currently we have price that has completed wave 1 as shown on the chart and is completing wave 2. We have a very good buying target which is the price range from 2337 to 2332. Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals.Longby DEEKOPUpdated 8
XAUUSD: Trend in 2H timeframePlease pay special attention to the accurate trend, colored levels, and red level as SL. >>>>>>>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<<< Be careful BEST MTby MT_TUpdated 3
XAGUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 6
Gold shorts for 3 consecutive wins, rebound continues SellWe have sold gold at high levels many times recently and have successfully reached TP. The winning streak is very good. We are ready to sell again today. Today, gold fluctuated narrowly in the Asian and European sessions, and the fluctuation range narrowed. Focus on the 2350 area. The gold price is below this area. We still maintain the bearish thinking! If it falls, it will fall sharply! However, if there is an unexpected pull-up in the evening, if it successfully and effectively breaks through the 2350 area, then the bulls will also rise further! Horizontal fluctuations are energy storage. As for whether it is upward or downward, it is still bearish at present! Strictly control the riskShortby Get-rich-signalUpdated 4
XAUUSD|LONGbuy setup from 2.329441 target 2.360506 after that in that zone if we had a sell context we can entry a short order.Longby fx_mazUpdated 2
NATGAS Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for NATGAS below: The instrument tests an important psychological level 2.503 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2.683 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 114
NG, prepping for a multi weekly gain come December 2023NG based on monthly data is registering very significant net buy volume at the current price range. Seller's strength is certainly fading out based on thinning price volatility this past few days / weeks -- as shown on yellow price lines on chart. NG is currently sitting at a strong major support at 2.0 to 2.5 area, a 1.0 FIB discount level -- this is where most buyers converge. Initial trend shift has been spotted at the present price range. Spotted at 2.50 TAYOR Safeguard capital always. Longby JSALUpdated 9935
Looking for A buy?We see that the price just let a huge profit, and hit demand zone !! So we are waiting for an confirmation and we can buy ! by AdamElbardani4
US GDP data is weak, let's see if US PCE data can turn the tide On Thursday, as GDP data re-boosted market confidence in rate cuts, the US dollar index retreated from its highest level in more than two weeks, and finally closed down 0.433% at 104.68. U.S. Treasury yields collectively pulled back, with the 10-year Treasury yield eventually closing at 4.556%. The 2-year Treasury yield, which is most sensitive to the Fed's policy rate, finally closed at 4.933%. The three major U.S. stock indices closed down collectively, with the Dow Jones Industrial Average down 0.86%, the S&P 500 down 0.6%, and the Nasdaq down 1.08%. Major European stock indices rebounded across the board, with the German DAX index closing up 0.13%, the British FTSE 100 index up 0.59%, and the European Stoxx 50 index up 0.38%. Risk warning on Friday At 17:00, the initial annual rate of the eurozone CPI in May and the monthly rate of the eurozone CPI in May. At 20:30, the annual and monthly rates of the core PCE price index in April in the United States and the monthly rate of personal spending in April in the United States. Gold prices were supported by a downward revision to the U.S. GDP data for the first quarter, which dragged down the dollar and U.S. Treasury yields. The dollar fell after hitting a two-week high in early trading, making gold more attractive to holders of other currencies. In addition, U.S. Treasury yields fell after data showed that the world's largest economy grew at a slower-than-expected pace in the first quarter, which also provided support for gold. On the other hand, market expectations for a rate cut by the Federal Reserve have increased, which is also a positive for gold. The market expects the U.S. PCE price index to grow 2.7% year-on-year, exceeding the Fed's target of 2%, which may have an impact on the timing of the Fed's rate cut. At the same time, the number of U.S. home purchase contracts signed in April hit the largest drop in three years, showing consumer concerns about the real estate market, which may also increase the appeal of safe-haven assets. However, the U.S. labor market remains strong, with initial jobless claims rising, but there are signs of continued fundamental strength in the labor market and will continue to support the economy. This may have a certain constraint on the Fed's decision to cut interest rates, thereby limiting the upside for gold prices. Gold prices rebounded after hitting a three-week low on Thursday, affected by the downward revision of the U.S. GDP data for the first quarter, which dragged down the dollar and U.S. Treasury yields. Today, short-term attention is paid to the support of the 2335 area below, and try to go long on gold after stabilization. At the same time, today's focus will shift to the personal consumption expenditure (PCE) price index released on Friday, which is the Federal Reserve's preferred inflation measurement indicator and may have a greater impact on the timing of the Federal Reserve's interest rate cuts, thereby affecting the trend of gold prices.Longby Yuliya10Updated 118
Fair Value Gaps With Fibonacci Has Changed My Trading ForeverGave yall this one last night for FREE When we get the 618 Fibonacci in a fair value gap the win rate can dramatically increase Got $3k on this trade in 15 mins I plan to share more PLEASE DROP A LIKE AND FOLLOW!by tradingwarzone1
GOLD (XAUUSD) Swing Trade Idea (Until the end of June)Gold has reached to the lowest point of the month at the last day of it. Overall yearly increasing price of Gold will let us think about retest from this monthly decrease psychologically. We observe Fibonacci Golden Zone (0.5-0.618) level and Imbalance of price at the same zone overlapped. Which is for me not a bad indicator that price has to retest the zone which is approx. 2400 price level. We expect the price go up but not immediately, rather gradually, IF, OF COURSE, DOES NOT BREAK THE MAJOR SUPPORT ZONE DOWN, RETEST IT AND GO LOWER LEVELS. Be careful and take your risk! Good Luck to ALL 🙌🏽❤️🤑Longby TetanForex3
Sell Ideal - GOLD / XAUUSD GOLD / XAUUSD -------------------------- In anticipation of potential weakness in the asset, adopting a patient stance is recommended. While a final rally into the $2,400 range seems unlikely at this time, the possibility remains. However, in addition to remaining vigilant, being prepared to sell the asset is crucial. There may be an attempt to test the commitment of buyers who expressed interest at the $1,800 level at the end of February 2024, potentially supporting earlier buyers. If this scenario unfolds, the $2,000 level will be a key support protected by buyers. A possible strategy for shorting this asset is to sell upon rejection at the top of the local range (marked in purple on the chart) at $2,369 - $2,371, or when a bearish momentum candle appears, whichever occurs first, for an early entry. Heed your DD!Shortby FroggyFXUpdated 2
XAUUSD Good day. The last 4 high impacted news are negative for USD which means bullish for gold, but the gold failed to break its last Higher high, on all news it showed behavior like the upper wick on news time, and then downwards, technically there is good support zone from 2300-2280 and also its the Higher low, Bearish divergence is also formed on the 1-day chart. If the gold holds the support we can, then see the gold towards 2400$ price, if it gives a daily closing below to 2380 then it will be a bearish momentum. Now wait for 2300-2280.by ShaikyChampion1
GOLD - NEW BREAKOUT 📉 As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯Shortby Hsan_BenhmedUpdated 6611
Cocoa M2The recent increase of cocoa in the past months caused investors to sell their purchases and take their profits, and this caused the correction of the price of cocoa, and finally the price will reach its ceiling again, for this re-increase, consider the two-month time frame. I will take it and specify 5 targets for it.Longby sashacharkhchianUpdated 2
Gold Trend Analysis on May 30th The gold daily line ended with a long negative line with a slightly longer lower shadow, which shows that the downward trend of gold is clear. Today is undoubtedly bearish, Therefore, we gave a short strategy of 2337 to our internal members in the morning session and entered the market to short sell in batches. The market is also as expected, rebounding to around 2340 in the short term and then began to fall. From the daily line, yesterday, gold was under pressure at the 2363 mark during the Asian and European sessions and then fell back, oscillating downward and breaking the bottom, showing a unilateral short-selling decline throughout the day. During the evening US session, the weak rebound continued to weaken after being under pressure at the 2347 mark. In the end, the daily K-line closed with a suppressed and falling middle Yin. The overall price ushered in a short-selling adjustment above the 2360 mark as expected, and the short-term technical indicators still showed a weak short-selling adjustment. From today's point of view, there is still room for further downward decline below gold. After the current low point of gold, the daily level is adjusted, and the 4-hour, 1-hour and 30-minute levels are all in a downward structure. Only the small levels of 15 minutes and 5 minutes will have a short-term rebound of 8 or 10 US dollars. Gold rebounded after testing the 2322 area in the European session. Pay attention to the short-selling opportunities in the 2337-2338 pressure area, and pay attention to the 2342 area. Continue to look at the 2320-2315 line below. The market fluctuates greatly. The 2300 US dollars and 2280 US dollars can be seen below the midline. Overall, in terms of short-term operation ideas for gold today, it is recommended to short on rebounds and to buy on pullbacks. The upper short-term focus is on the 2342-2347 resistance range, and the lower short-term focus is on the 2300-2303 support range.by MasterGoldTraderUpdated 1128