Gold 31/5/24 below 2065 can look for shortGold 31/5/24 below 2065 can look for short Rejection below 2065 can look for sellShortby GoldInsightsHub3
Trust me, this analysis will help you!XAUUSD CHART UPDATE (GOLD): I expected gold to form an "M" PATTERN which it has continue to form. i currently expect price to drop to the completion of the leg or the final leg of the "M" pattern, after which i will also be expecting price to move up to the neckline @ 2,288 before the bullish continuation to 2,443.97 which is our all time high.🔥by Best-economistUpdated 2
USOIL Will Go Up From Support! Long! Take a look at our analysis for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 77.11. Considering the today's price action, probabilities will be high to see a movement to 79.91. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
Get support from Middle East, GOLD recovers, bound by EMA21Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate yields. Notable news in the Middle East According to the British news network "Middle East Eye", citing Israeli media on May 27, Egyptian and Israeli soldiers exchanged fire at the Rafah border gate on the border between Egypt and the Gaza Strip that day. An Egyptian soldier died in the fire. The incident was first reported by Israel's Channel 13 and Channel 14, which they called "unusual". Regarding details of the incident, it was reported that Egyptian soldiers opened fire on an Israeli truck at the Rafah intersection and Israeli soldiers returned fire. But this statement has not been officially confirmed. Amid the deteriorating situation in Rafah, this news sent safe-haven gold rapidly higher. However, gold also needs more of these types of impacts to reach its original price of $2,400. Egypt's independent English-language newspaper Daily News cited sources as saying Egyptian soldiers were affected by last Sunday's "Rafa massacre", in which Israeli bombings destroyed a refugee camp in Rafah, killing 45 Palestinians. The Israel Defense Forces said a "shooting incident occurred" on the Egyptian border early Monday morning and that it was investigating the incident and that "dialogue with Egypt is ongoing." A spokesman for the Egyptian Armed Forces also confirmed the exchange of fire late Monday, saying that an Egyptian soldier was killed in the incident. In addition to closely monitoring the situation taking place in the Middle East, traders also need to pay attention to developments from the ongoing conflict in Ukraine, etc. Basically, traders need to pay attention to everything. Regardless of any major geopolitical developments happening globally, gold is an asset that easily reacts to sudden news on the market. In recent history, the US-China Trade War, developments in the Middle East at the end of 2019, the Ukraine conflict, and now continuing the war in the Middle East... have all created huge mutations in the world. gold market. During this trading year, we “traders” need to get used to gold moving 2-3% or more in a day, which will happen even more frequently in the near future. Every time a conflict shows signs of escalation, the price of gold creates a new era peak! Analysis of technical prospects for OANDA:XAUUSD Gold is trying to operate around the EMA21 level as it recovers from the technical level of $2,324, which readers noticed in last Friday's edition. However, the recovery momentum is limited with EMA21. For the gold price to technically qualify for upside, it would at least need to break out and return to operating above the trend and near-term target level followed by the 0.236 trend-following Fibonacci extension %, more than the original price of 2,400USD. Meanwhile, gold is at risk of a further decline if it sells off below the $2,324 support level with a target then around $2,305 – $2,300. Therefore, open long positions should be considered protecting behind the $2,324 level as a reasonable position. During the day, the trend of gold price is neutral with price activity intentionally sticking around the EMA21, and the technical levels of interest will be listed as follows. Support: 2,345 – 2,324USD Resistance: 2,384 – 2,400USD 🪙SELL XAUUSD | 2389 - 2387 ⚰️SL: 2393 ⬆️TP1: 2382 ⬆️TP2: 2377 🪙BUY XAUUSD | 2345 - 2347 ⚰️SL: 2341 ⬆️TP1: 2352 ⬆️TP2: 2357by Xayah_tradingUpdated 4
XAU-USD | 4H | SHORT | TECHNICAL CHARTHello traders, I have determined my FOREXCOM:XAUUSD target on the chart. I expect traders to buy from the supply and demand zone. I have marked the key level. Thank you very much for supporting me with your likes. If you traders want to receive constant updates under this post, there should be at least 50 likes. Note: I have been in the forex, crypto, and stock financial sector for 14 years. I do day trading with harmonic patterns, smc, chart formations, and Elliot wave strategies. I am sharing signals from some of my operations with you.Shortby TraderTilkiUpdated 4
GOLD is breaking bullish structure, pay special attention to FedOANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's consumer confidence index report. Strong U.S. economic data pushed U.S. Treasury yields and the dollar higher, which in turn weighed on gold prices. S&P Global said the US Composite Purchasing Managers' Index (PMI), which tracks manufacturing and services sector activity, rose to 54.4 in May, its highest level since April 2022. Other data released on Thursday showed the number of people filing for unemployment benefits in the US fell to 215,000 last week, the biggest two-week drop since last September. Minutes from a Federal Reserve meeting released Wednesday showed that officials still believe price pressures will gradually ease over at least the next few months, but some officials said they were ready to support spending increases. borrowing costs if inflation spikes. Notable data and events of the day Fed Governor Waller is scheduled to speak on Friday. Hawkish comments from Federal Reserve policymakers could put pressure on gold prices. It's worth noting that higher interest rates typically hurt gold prices because they increase the opportunity cost of investing in gold. In addition, US durable goods orders and the University of Michigan's consumer confidence index will also be published. The preliminary value of US durable goods orders for April will be published, with the monthly rate expected to decrease by 0.8 %, after increasing 2.6% in March. The final value of the University of Michigan's Consumer Confidence Index for May will be announced and is expected to be 67.5. Fed Governor John Waller, who has been hawkish on the Fed's rate-hike cycle, said Tuesday that he would need to see good inflation data for several more months before starting to cut rates. “In the absence of significant weakness in the labor market, I would need to see good inflation data for several more months before I feel comfortable making a move,” Waller said at the Peterson Institute for International Economics in Washington. support the loose monetary policy stance." Waller and other Fed officials have recently emphasized that the central bank may need to keep interest rates steady for longer than previously expected. Policymakers have not adjusted the benchmark interest rate, currently at a 23-year high, since last July. Fundamentally, traders need to pay special attention to the speech of Fed Governor Waller, who is a hawkish Fed official and Waller is very likely to follow up with further comments. causing pressure on gold prices. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke most of the key technical levels and broke the technical structure that favors the upside. The drop below the trend and EMA21 is providing further downside risk to gold prices. In the immediate future, gold has a support at the technical level of 2,325 USD, and in case this technical level continues to be broken, gold will be eligible to move towards the level of 2,305 - 2,300 USD in the short term. The relative strength index (RSI) is pointing down but is still far from the oversold area, suggesting that gold prices still have room to decline further on the daily chart. From the technical level of 2,325 USD, the possibility of technical recovery is also limited by the EMA21 level which is currently the closest resistance, noticed by the technical point of 2,344 USD. During the day, gold's technical outlook leans more bearish with limited recovery and notable price levels are listed below. Support: 2,324 – 2,305USD Resistance: 2,344USD 🪙SELL XAUUSD | 2370 - 2368 ⚰️SL: 2374 ⬆️TP1: 2363 ⬆️TP2: 2358 🪙BUY XAUUSD | 2288 - 2290 ⚰️SL: 2284 ⬆️TP1: 2295 ⬆️TP2: 2300by Xayah_tradingUpdated 24
This golden analysis will help you make money.On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was released was 64%. After disappointing first-quarter inflation data, the latest PPI data did little to ease concerns about stubborn inflation, which could lead to continued high U.S. Treasury yields, which would be detrimental to stocks and gold. All the various inflation measures point to price pressures well above the Fed's goals. Additionally, various consumer surveys show that consumer expectations are high. The New York Fed's monthly survey released on Monday showed the one-year inflation outlook at 3.3%, the highest level since November, driven in large part by expectations that housing-related costs will continue to increase. Recent data points related to inflation are not encouraging. The trend of gold is stronger during the day, and the U.S. market may be tested upward in the evening. At the top, focus on the key watershed of 2356, and on the bottom, focus on the breakdown of the 2340 mark and the support in the area near 2332. It is expected that the probability of falling back after rising tonight is relatively high. The support below is still at the 2330-32 line, which is currently an important support below. Short-term short positions will continue if it falls below this position, otherwise it will maintain a volatile trend. In late trading operations, the rebound will still be mainly short selling, and the short selling position will be moved up to around 2356-2358 before participating.by Mark-VIP008Updated 12
Dow Jones Weekly Bull Flag PatternThere is a lot to take in on this chart. How do I start to explain what it is that I am seeing? The dark green line is the monthly major movement and the black path line is the 4 hour movement in between that major movements. Price is being contained inside of a MAJOR bull flag pattern that will take MONTHS to resolve itself. Using the concept of thirds of that major move from November 2023, I firmly believe price will return to the halfway point, which is also the top of the peak of that July-October pullback from 2023. The ramped volume that is sitting just above the 0.66 or bottom 1/3 is a dead giveaway that price will return and take that out. The small range created just slightly above the 0.50 mark is also a dead giveaway that that price will be taken, along with the fact that the purple box Low that broke structure is suspended above the 0.50 line as well. These are all clues that price WILL be returning to these locations. Finally, the space between those recent double top highs and the 1 full range expansion of the July-October pullback is a dead giveaway that price will return to those highs and take them. This will mean that the high will break and more All-time highs will be made to continue the bullish trend up until 2033. On a zoomed-out view of the bull flag, a measured move of the November run will take price up to the 44,000 area Of course I am not a genie that can predict prices, I am merely trying to follow the bull trend higher and to me, this is what I am seeing. Please comment below on your thoughts as I am highly interested in sharing feedback. I have no problem putting my ego aside and admitting I am wrong. This is one trait I do not have issues with as I am wrong quite often with a 40% win rate. Longby travis18haneyUpdated 3
GOLD (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate. On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate. Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts. Technical Analysis of Gold The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%. The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs. Volatility is expected to remain high until the market closes. Pivot Price: 2347 Resistance Levels: 2369, 2388, 2397 Support Levels: 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397Longby SroshMayi3
Closing my Selling order / #45 Profits rowAs discussed throughout my yesterday's session commentary: "I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle." I have closed second Selling order (#2,344.80 - #2,330.80) on a fine #14-point run and coupled with yesterday's #12-point Profit, I have extended my total Profits row on #45 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders who re-Sold Gold with me, well done! Technical analysis: Gold continues to Trade within healthy Daily chart’s Descending Channel, holding tightly the #2,327.80 - #2,332.80 pressure point as an Support zone (see how it held throughout today’s session on the exact spot, as well holding and untouched in #1-Month base). Assuming that the Selling pattern continues, then the current market sentiment represent an additional solid Selling opportunity towards the #2,300.80 extension (taken from mid-April Annual High’s), as recession sentiment is slowly fading so safe-haven assets such as Gold (which were in High-demand) should suffer as Investors are slowly losing interest which should add strong Buying pressure on Bond Yields and DX (my strongest correlations at the moment). There is however only one Resistance line left towards #2,372.80, which is currently Trading on #2,356.80 configuration (slim chances). I’ve been highlighting the #2,300.80 potential, and I assume with current market overview, Gold may test it within early next week's phase and sole reason why Gold isn't already Trading below it is mixed numbers on DX. After the Higher High’s Lower extension test it is pure speculation where market will be headed next, however my Technical estimates show (according to Weekly chart’s (#1W) historical resemblance / Bear cycle) that correction process on Gold is over and multi-Month Selling sequence will continue towards #2,200.80 benchmark first and #2,152.80 in extension (more Medium to Long-term). My position: As it is Friday's session and as I am more than satisfied with my Trading results, I will not assume more orders for the session and take early weekend break.Shortby goldenBear88118
XAUUSDXAUUSD has swept the sell side liquidity now heading for the swing highs. Price did a market structure shift and price has rested to the unfilled 4hr fair value gap and closed above it indicating a strong Buying power.Longby BigBenCapitals8
Gold AnalysisGold Analysis and Trading Recommendation Sell Opportunity: Gold (XAU/USD) currently presents a lucrative sell opportunity at $2342.00, with compelling potential for profit targeting. Targets: Primary Target: $2305.00 Secondary Target: $2278.00 Breakout Scenario: Should Gold surpass the $2365.00 threshold, indicating a bullish breakout, the target price is forecasted to reach $2400.00. Technical analysis suggests a strong selling sentiment at the current price level. Market dynamics indicate downward pressure, aligning with the proposed sell strategy. Risk management strategies should be implemented to mitigate potential losses in case of unexpected market shifts. Disclaimer: This analysis is based on current market conditions and historical price movements. Traders are advised to conduct their own research and consider risk management techniques before executing any trades.Shortby GODOCM2
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
GOLD, back on the decline?! So I'm short the XAUUSD. We are currently in an interesting setup. Let's see how the price reacts. Gold is pretty hard to trade at the moment. The setup in question: Back in OTE zone Order Block in M30 BOS target There's a lot of liquidity below $2303, and I think we could go looking for it in June. Feel free to subscribe and put a boost on this post if you enjoyed my analysis, and tell me what you think! Happy trading and a great weekend :)Shortby InfiniteY6
Gold price continues to decrease, strategy to sell todayWorld gold prices remained stable this morning as traders focused on the Personal Consumption Expenditures Price Index (PCE) report, the FED's preferred inflation measure, expected to be released this evening. can provide a more specific view on the timing and extent of interest rate cuts by the FED this year. According to financial and securities market analysis site MarketWatch, inflation will increase by 2.7% over the same period last year. If this forecast is correct, it means that April inflation remained unchanged compared to March, that is, this inflation level is still much higher than the FED's 2% target. A weaker dollar, lower yields and the recent stock market sell-off have provided bullish momentum for gold, said Kitco senior analyst Jim Wyckoff. Regarding the outlook for precious metal prices, experts say that, along with central banks continuously adding gold to their reserves, demand from Chinese investors will continue to increase in the near future. coming will bring solid support for gold.Shortby FalCol_TradingMasterUpdated 4
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
NATURAL GAS - IMPORTANT BREAKOUT 📉Hello Traders ! The Natural Gas price failed to create a new higher high ! The higher low (2.543 - 2.570) is broken (change of character). So, I predict a bearish move📉. -------------- TARGET: 2.230🎯Shortby Hsan_BenhmedUpdated 6631
USOIL Trading Strategy: Bullish H1 Candle Confirmation for Buy SIf a bullish H1 candle closes above the 79.10 level, we will initiate a buy position. The stop loss for this trade will be set at 78, while our target is set to exceed 80. This trade setup offers a risk-to-reward ratio of approximately 1.3:1, making it a potentially favorable trade. Longby MrKTechnicalLevels10
Oil Prices Rally from a Six-Week NadirOil prices increased early on Thursday, recovering from a six-week low after a significant 3.6% 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 77.14 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: 80.73 Support lines: 77.14, 75.35, 69.78 Resistance lines: 82.24, 86.86, 89.08Shortby SroshMayiUpdated 11
#ES_F Day Trading Prep Week 5.28 - 5.31Last Week : Last week Market opened over VAH and spent all week building Supply over it, as discussed in Sunday Prep since we were at ATH with no over hang we needed to wait for Supply to build up for any meaningful back fill of previous areas and that 5341 - 5290 might be our Range where price will want to stay around and keep returning into for some time while it builds that Supply. On Thursday we ended up pushing inside the Edge but failed to find acceptance in it and the push back out gave us the flush of the inventory filling the buyers into the Value, even with how strong the move looked with break/hold under Key Support on Friday Globex failed to hold under it and we found our way back inside 5341 - 5290 Range where we were able to push back into the Means for the Range where we closed the week in VAH. This Week : Few things this week, we have Month End, Settlement changes from T2 to T1 which we don't know just yet how that will impact the trading and we had Holiday yesterday which pushed us over VAH and we are again building up Supply over it. For now we are inside T2 Range which was Thursday I believe the change goes in effect Today or this week, we are right around Previous Days Range and 5341 - 36 already showed us this morning that it's acting properly as good Resistance. So far going into this week Thursdays flush showed us that don't have stronger buyers up here just yet who want to keep paying over Value and keep pushing us into new range above and that even with strong flush we didn't have enough Supply to accept under 5295 - 90 to continue filling more buyers into VAL. This tells me again that market may want to stay in this 5341 - 5290 Intraday Range and balance around it, we have to be ready to spend quite a bit of time in these areas and trade around them until market will show us clear acceptance and intensions of moving Ranges and that can take some time because we are in a Key Spot on higher time frames we are at tops of Daily/Weekly Balances without finding acceptance above and without having the Supply just yet to move under the Middle of those balances which is around the 5290-80s area. Plan is to continue trading 5341 - 5290 Range level to level just like last week with moves out of its 5324.75 - 20.75 // 5310.50 - 06.50 Means and then returns back towards/inside them. Failures to accept over 5341 - 36 will likely find their way back to/under 24.75 - 20.75, pushes under 5310.50 - 06.50 could also be absorbed under and find their way back to/over 10.50 - 06.50 and inside the Means we could balance. We are in lower volume times so also have to give time for the moves to properly set up and be ready to correct back. Levels to watch : Current Range 5341 - 5290.25 5341 - 36 Key Resistance 5324.75 - 20.75 // 5310.50 - 06.50 Means for the Range 5295.50 - 90.25 Key Support If Accept over 5341 - 36 next Range 5386.50 - 5336 5356 - 52 // 5370.50 - 66.50 Means and Edge Top 5386.50 - 81.50 Key Resistance If Accept under 5295.50 - 90.25 lower Range 5295.50 - 5244.75 5279.25 - 75.25 // 5264.75 - 60.75 Means and VAL 5249.75 - 44.75 Key Supportby HollowMnUpdated 1
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
NQ Update April 1st Post (4-18-24)The White arrows to the right side are KL's. 18700 YTD High, 17027 YTD Open and 16300 YTD Low. The white dash is Mid Level of YTD Range. 4/1 Post, we have hit lower target and my see some retracement back up, not looking for a KL 18590 retest. Use Yellow dots as targets for next move. Yellow diagonal TL is next retest and TLX 17867, may see sideways with slight lift prior to another drop. Interesting chart on S/P, we may be heading back into a Dead Zone. by MAZingUpdated 7714