Sellers are still in Comtroll selling Gold at POI . because the market structure remains at four hours Bearishby Ronymontana2
GOLD down 0.17%, focus on GDP and Williams' speechThe benchmark 10-year US Treasury bond yield increased more than 1% yesterday and is currently in the Asian trading session today May 30, also increasing 0.09% and surpassing 4.6%. , causing gold prices to lose support and continue to decline. Gold spot price OANDA:XAUUSD currently reported at around 2,334USD/oz, a decrease equivalent to 0.17% on the day. After the price of OANDA:XAUUSD reaching a new all-time high, it encountered a sell-off and fell back to more than 120 US Dollars an ounce from a high of 2,450 USD/ounce. The recent trend of the United States maintaining high interest rates for a longer period of time will support the US Dollar and high US bond yields, putting some pressure on the precious metals market. However, from a more general perspective if the Federal Reserve begins to cut interest rates in the future, it will significantly support gold prices. In addition, with the support of factors such as central banks continuously increasing gold purchases and the increasing instability of the global geopolitical situation, the potential for gold prices to increase in the near future still remains. Federal Reserve (Fed) officials have made hawkish comments, stimulating demand for the dollar recently. As a result, market sentiment worsened and the US Dollar increased in value. Traders were still absorbing hawkish comments from Federal Reserve official Neel Kashkari on Tuesday. He said Fed officials are not ignoring interest rate hikes, adding that they could cut rates up to twice by the end of 2024 in case they do. This week, traders are preparing to release April's personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation. Core PCE is expected to increase 2.8% year-over-year, while overall PCE is expected to increase 0.3% month-over-month. If data shows a rise in inflation this will boost sentiment to keep interest rates high for longer. This situation is negative for gold prices because the opportunity cost of investing in non-yielding assets such as gold is increasing. This scenario will be beneficial for interest-earning assets and US Dollar yields. During this trading day, traders should also pay attention to the US GDP Index data, Initial Jobless Claims and Speech by FOMC member Williams. Analysis of technical prospects for OANDA:XAUUSD After the gold price failed to break above the trend (a) note to readers in previous issues it came under pressure and fell back to test the initial notable support level at 2,324 USD. It is worth mentioning that the gold price has fallen below the EMA21 level, providing favorable conditions for a bearish outlook in the near future. If gold falls below the initial support at $2,324 it could continue to decline towards $2,305 – $2,300 in the short term. The relative strength index (RSI) is still pointing down without reaching the oversold level, which shows that there is still technical room for downside. Only when gold moves above the trend will it have enough conditions to continue to recover and increase in price. For the rest of the day, the technical outlook for gold prices leans towards the possibility of a decrease in price with notable positions being identified. listed as follows. Support: 2,324 – 2,305 – 2,300USD Resistance: 2,340 – 2,345 – 2,353USD 🪙SELL XAUUSD | 2379 - 2377 ⚰️SL: 2383 ⬆️TP1: 2372 ⬆️TP2: 2367 🪙BUY XAUUSD | 2306 - 2308 ⚰️SL: 2301 ⬆️TP1: 2313 ⬆️TP2: 2318by Xayah_tradingUpdated 3
GOLD WILL FALL AGAINhello guys hope you hade an amazing week and made good profit with my last forecast . the price again perfectly moved according my forecast . today after usd news gold went up but i think will fall again because price broke strong support ma200 and made a descending channel gold broke uptrend and made head and shoulders pattern . now price made a range area buyers try back the price to the upside i think after a bullish movement for retest top of trendline and make a new high gold will fall to my targetsShortby nsh12Updated 18
XAUUSD gold bearishMy previous short idea hit SL sadly, the classical bullish flag pattern worked :). After my SL hit, I monitored price whether it breaks the high 2364 or not. Price reached to 2359 and returned back to take the Asian low liquidity. I made my short entry after 1min confirmation from that high. Now If price closes full body candle the Asian low 2337, i will still consider price to go down to 2322. If not I will take my TP from there. Please trade on your own risk and confirmation. Good luck. Shortby Badi_GunnarsUpdated 112
GOLD - USD 1h All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLD - USD as long as the price remains well below 2,344.81 USD. The sellers' bearish objective is set at 2,318.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,301.40 USD. In case of crossing, the next objective would be the support located at 2,291.38 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable. MY OPINION BEARISH UNDER 2,344.81 USD MY TARGETS 2,318.00 USD (-0.31%) 2,301.40 USD (-1.02%)Shortby abouelUpdated 4
Gold Will Go Buy ConfirmGold price turned south and extended its slide after breaking below the key $2,400 level. The 10-year US Treasury bond yield holds steady above 4.4% and the US Dollar benefits from the negative shift seen in risk sentiment ahead of FOMC Minutes, not allowing XAU/USD to rebound.Shortby Senorita71Updated 3325
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
GOLD SELLBased on weekly TF, the RSI is showing divergence which shows that the market has reached overbought level. Plus the previous weekly bearish engulfing candle shows sellers are in control of the current trend. Daily TF is also showing bearish movement. We could see further down trend of the market should the sellers continue giving pressure Shortby WiLLProsperForexUpdated 2
XAUUSD TENDS TO MAKE ITS PULLBACK TO THE 70'S As the second quarter of the year draws to a close and we anticipate the formation of the next six-month candle, we foresee a rally in gold prices towards the 70s. This upward momentum is expected to take hold before a selling pressure sets in, signaling a potential shift in market dynamics. follow for more insights , comment for more bias , and boost Akcapitals ✨by Ak_capitalistUpdated 3
XAUUSD: 30/5 Analysis and Strategy TodayGold technical analysis Daily resistance 2370, support below 2300 Four-hour resistance 2343, support below 2300 Gold operation suggestions: Yesterday, gold technically came under pressure at the 2363 mark in the Asian and European sessions, and fell back and bottomed out. It showed a unilateral short-selling decline throughout the day. The weak rebound in the US session came under pressure at the 2347 mark and fell again. The overall price ushered in short-selling pressure adjustment at the 2360 mark, and the short-term technical indicators still showed a weak short position. From today's perspective, there is still an expectation of further downward decline in gold. The upper resistance of the intraday rebound focuses on the opening of the US hourly line yesterday, 2347-2350. The intraday rebound relies on this position to continue the main short and follow the trend to look down. The short-term long and short strength watershed focuses on the 2370 mark. Before the daily level breaks through and stands on the 2370 line, any rebound is a short-selling opportunity, and the main tone of participating in the trend is maintained. SELL:2370 near SELL:2360 near SELL:2347 near BUY:2303 near Technical analysis only provides trading direction! Shortby ActuaryJUpdated 12
Bounce by ES 5180 LONG from there.This is the additional Pivot level we added to the Indicator CD_Camarilla All_Levels, so it is the extreme of the extreme buy level. Buying at this level S6 is very safe, just like selling an ALL time High R6, which has never cost me. If you dob't know about The Pivots study my Ideas. We had. run for 3 months with over 99 trades before we had a loss ( We sold R5, and the FOMC made a surprise RATE change which aused the market to go up for 2 months. Lesson to be learned there is #1 always safe a stop outside the pivots range, a catastropic stop, not a "tight stop" whch the MM use to tforce overtrading. #2 Don't trade, as a rule, before an FOMC announcement. These are swing trades based on 60" to 6 hour charrts, The Pivots don't show up in daily and above charts. If you understand what The Pivots are and how they work you know why. a days pivot range is created based on the previous intraday Pivots range. My trades are also based on many other factors, elliot waves, TTM Squeeze Pro, Candlesticks, etc. In a 6 hour chart we have a shooting star to continue down. No doubt we will explore S5 and possibly S6. I have been posting Ideas for 8 years here. Look at my past posts.. 2019 i predicted we would go up for 5 more Ellitot waves before the first ATH Jan 22. My next major post/Idee was March 2022, I shared that we had a "Tripple Thrust parrern from 2010 we went up on 3 sets of 5 waves up, corrected down from a lwer high, down for 6000 points on the NQ. Then I posted we would continue up as part of Elliots, Grand Supercycle Bull Market to new ATH which we have all seen. If you like my Ideas please follow me. I called this a LONG, but don't buy before S5 or S6 next week.Longby dryanhawley1
USOIL (Continuation falling)Oil prices increased early as we mentioned, recovering from a six-week low after a significant 4.3% fall the previous day, which was the lowest point since mid-March. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated. At the same time, market observers have pointed out that the Federal Reserve has kept interest rates steady, diminishing earlier expectations for a rate cut. PVM Oil Associates commented, "The reduction in borrowing costs may not occur as soon or as quickly as previously thought. It is similar to peak oil demand—consistently anticipated yet never realized." Technically: The price has stabilized within the bearish zone, having already breached the pivotal range between 80.73 and 82.24. This suggests a continuation of the bearish trend, with potential targets at 76.80 and 75.35. A further break below 75.35 could lead the price down to 69.78. Conversely, if the price stabilizes above 82.24, it may indicate a bullish trend, potentially reaching up to 86.86. Pivot line: 78.00 Support lines: 76.80, 75.35, 69.78 Resistance lines: 80.73, 82.24, 86.86Shortby SroshMayi2
XAUUSD UPDATE 31-5-24Buy at :$2320-$2335🔺 Sell at" $2360-$2375🔻 The price of gold hovers close to $2,330, maintaining its position following a marginal decrease on Thursday. The momentum of the US Dollar shows signs of diminishing, lending support to the downside of gold. Market participants are keeping an eye on forthcoming US economic indicators and speeches from the Federal Reserve for insights into policy direction. During Thursday's Asian trading session, gold experienced a decline due to the strengthening of the US Dollar and an increase in US yields. Traders are awaiting the release of US Core Price Index and closely monitoring geopolitical tensions in the Middle East to gauge market sentiment. As predicted, the buying range of $2325 was achieved earlier on 30-5-24 at 10:00 hrs, followed by a correction to $2340.96 cmp $2349.56 31-5-24 at 18:06 hrs Longby sagaahheliteUpdated 3
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
GOLD Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 2342.7 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 - 2348.5 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 AnabelSignals222
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
GOLD: First green day, end of the monthHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range ✅ no cycle started yet 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, after the market closed as first green day, it went in consolidation, this let me think about a potential major move happening today, remembering that is also end of the month. Short traders in profit since Tuesday, a long setup back to the HOW is my best scenario of the day. Short: secondary, lower low into the LOW, market pumped back up before starting a consolidation. I do not exclude a potential pump and dump scenario, going back down into the current LOW. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Longby GianniPichicheroUpdated 224
RESIST THE BULLS MNQThis the bull/bear flip zone for me. My bet is that we trade up to it for CORE PCE data. There is some Short Covering that needs to happen for next leg lower and attack the next pivot zone...Shortby Pogchamp99Updated 3
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
The most comprehensive gold analysis helps you make moneyOn Wednesday, the prices of European and American bonds fell across the board, and the upward yields collectively put pressure on gold prices. Specifically, on the one hand, the yield of Germany's benchmark 10-year German bond rose by more than 10 basis points during the session; on the other hand, after the two-year and five-year Treasury auctions on Tuesday were both in poor demand, Wednesday's $44 billion seven-year Treasury auction was still weak, and U.S. Treasury yields continued to rise during the session. The 10-year Treasury yield rose above 4.60% for the first time in nearly four weeks, and the two-year Treasury yield approached 5.0%, a four-week high. Treasury yields in the United States and other parts of the world generally rose, which put pressure on gold prices to a certain extent. The U.S. dollar index also rose during the session following the rise in U.S. Treasury yields, erasing the decline since the U.S. CPI inflation cooled in April more than two weeks ago. The ICE Dollar Index (DXY), which tracks the exchange rate of the US dollar against a basket of six major currencies including the euro, basically maintained its upward trend throughout the day on Wednesday. Only European stocks turned short-term before the market opened and fell below 104.60 to refresh the daily low. The US stock market accelerated its upward trend before the market opened. The US stock market broke through 105.00 in the morning and rose to above 105.10 in the afternoon, up 0.5% on the day, refreshing the intraday high since May 13 set last Thursday, exceeding the level before the release of the US April CPI on May 15. The rise of the US dollar suppressed gold priced in US dollars, and the gold trend closed with a negative decline. Technical aspects: The recent rebound stopped at the 2363.0 line, and the price fell rapidly. The market center of gravity turned from oscillating upward to downward, and the short-term trend was bearish. In the moving average system, the price crossed the short-term 60-day moving average and 100-day moving average, indicating that the price was under pressure; and the MACD fell below the 0 axis, indicating that the downward trend of gold appeared, and the price may weaken in the short term. In terms of operation, try to short on rallies. It is recommended to try to arrange short orders near the pressure level of the 60-day moving average of 2349.0. Pay attention to the first support level of 2326.0 on the downside. If it breaks down, the short position will further test around 2303.0Shortby Mark-VIP008Updated 7
Gold technical analysis helps you make profitsIn the trend of gold daily K, the stochastic indicator crosses downward, the main short runs downward, the central axis pressure position is near 2365, the main pressure, therefore, in terms of daily K, one is the form of the central axis suppression, the other is the indicator crosses downward, therefore, we can consider continuing to choose the high-altitude approach to deal with it, in 4 hours, the stochastic indicator is gradually golden cross hook, but the price has not been a large increase and improvement, therefore, it is biased towards a state of continuous pressure correction, the 4-hour central axis pressure is near 2365, the lower axis track support position is near 2298, further support attention is near 2280. Therefore, if the decline continues, there is still room below. On the whole, the short-term operation strategy of gold today is recommended to rebound shorting as the main, and step on the low long as the auxiliary, the upper short-term focus is on the 2355-2360 line of resistance, and the lower short-term focus is on the 2330-2325 line of support.by Mark-VIP008Updated 8
Gold trading signalsGold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The dollar continued to rise and gold came under pressure again. Today, gold is mainly short-selling at high levels, supplemented by long-selling at low levels. Focus on the 2350-2355 area at the top to enter with short orders, and focus on the 2325 area at the bottom for support.Shortby Mark-VIP008Updated 11
Golden trading opportunityData released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term, hitting a maximum of 2378.37 before falling back. The U.S. dollar index fell about 40 points in the short term, hitting a low of 104.4046, and then recovered some of the losses. Gold fluctuated and rose today. The price fell back to support the rise near the 5-day moving average of 2354 in early trading. The trend was in line with bullish expectations in early trading. The data in the evening were bullish, and the market surged in the short term and broke through the 2378 line. At the top, pay attention to the pressure on the upper rail. The upper rail is currently moving up to around 2385. If you are bullish, do not chase the rise. Pay attention to the pressure pullback opportunities near the upper rail.by Mark-VIP008Updated 8