XAUUSD zonetozoneWait for BOS with candle close, if it pulls back take any other zone with Exit 1 at the next zone. 300 pip SL Shortby UnderlayerUpdated 1
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 (GOLD), downward trend after bull accumulate.Hi friend. Lets look at gold chart window. We have more then 2k of bulls accumulate. So my opinion price will fall to 2328 secondly. Thanks for your support.Shortby JinFlarkUpdated 2
GOLD CAN GO DOWN WITH THIS BEARISH FLAGGold has broken below the trend line, signaling a bearish breakout. We now observe a bearish flag pattern, suggesting a further downward move towards the highlighted support level. It is prudent to wait patiently for a bearish flag breakout before entering short positions.Shortby traderchamp_2
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
Update the latest gold price today!Hello everyone, Brian here. Today, gold is closing at $2,327. We've seen a slight decline towards the end of the day following the Personal Consumption Expenditures (PCE) Price Index report for April, which showed a 2.7% increase year-over-year, matching market expectations. The core PCE Price Index for April also rose 2.8% compared to the same period last year. From a technical perspective, gold continues to develop above the 34 and 89 EMA lines, indicating a strong upward trend for the year. However, it seems that gold needs considerable momentum to reach its target. Buyers need to protect the support level at $2,285 to reestablish the upward momentum.by Trader_BrianFX2
Gold trading information with profits exceeding 150%At the beginning of the week, Egyptian and Israeli soldiers suddenly exchanged fire in the Rafah area, and concerns about escalating tensions in the Middle East have increased. However, the minutes of the Fed's meeting last week were hawkish. The Fed may keep interest rates stable for a longer period of time. Fed Governor Waller said that the neutral interest rate may rise. This speculation may cause the Fed to postpone interest rate cuts, and the initial claims data and PMI data performed strongly, which limited the rebound of gold and exerted pressure. The US PCE data for April will be released in the evening. The expected value of 2.8% is the same as the previous value. Personal spending expectations slowed down, which will help control inflation. The market's expectations for interest rate cuts have cooled down, and bets on more than one interest rate cut this year have been reduced. On the daily chart, gold stopped falling and stabilized last week, and maintained a volatile trend this week. The market waited for tonight's US PCE data to guide the stage direction. For the upper pressure on gold, we can focus on the 5-day moving average of $2,347, followed by the middle track of the daily Bollinger band of $2,357, and this week's rebound high of $2,364; for the lower support of gold, we can focus on the intraday low of $2,337, followed by the lower track of the 4-hour Bollinger band of $2,328, and this week's low of $2,322.by Mark-VIP008Updated 2
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XAUUSD Good day. The last 4 high impacted news are negative for USD which means bullish for gold, but the gold failed to break its last Higher high, on all news it showed behavior like the upper wick on news time, and then downwards, technically there is good support zone from 2300-2280 and also its the Higher low, Bearish divergence is also formed on the 1-day chart. If the gold holds the support we can, then see the gold towards 2400$ price, if it gives a daily closing below to 2380 then it will be a bearish momentum. Now wait for 2300-2280.by ShaikyChampion1
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
XAUUSD - Bullish Reversal PatternAs the chart is indicating the double bottom reversal pattern and there is also a divergence.Longby mhamzasaeedm1
XAUUSD (GOLD) CHART UPDATEXAUUSD 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.🔥Longby chibuikeinnocent96111
bullish goldthe metal failed to break through the dynamic trendline showing a decline in short volume at the support level signalling a reversal to the upside .Longby tafchidzy2
DO WE HAVE A POTENTIAL SWING TRADE ON GOLD? There are no certainties in trading, only probabilities... Let's see how this one pans out. Longby babaofijebuUpdated 1
GOLD MAPPING PLANThis is only my view on gold structure for coming month. Trade with your own risk. Tq guysShortby ewtradersbhUpdated 7
GOLD LONG POSITION SETUP | 15M🔮FORTUNE'S OF BETLORD🤑 15M GOLD ANALYSIS✨✨✨ A simple break of structure analysis on the buy side. For a quick 2.78:1 or let it run to 3:1. Cheers, betlord.Longby dikorocz112
GOLD CONTINUES TO DECLINE, WILL THERE BE A REVERSAL IN THE NEAR Hello valued readers, this article will provide you with accurate news and predictions about today's gold market. The world gold price has generally decreased by -0.71% over the past 24 hours, corresponding to a decrease of -16.58 USD/Ounce. Information regarding inflation indices in the US has adversely impacted the financial markets. Wall Street has witnessed a downward trend upon opening, with no signs of easing price pressures in the world's largest economy. The Gold chart on the 4-hour timeframe, used to assess short-term trends, is showing a series of decreasing peaks and troughs, indicating a short-term downtrend and a tendency towards selling rather than buying. However, the medium and long-term trends of the precious metal continue to rise, indicating a high likelihood of recovery. A decisive breakthrough back into the upward trend is needed. Longby Jesscica1
The Macro Narrative of the S&PThe S&P 500 is in a bit of a pickle in terms of orderflow. Looking at the Cumulative Delta Volume (CVD) and price, relative to April's highs, we see that the deltas have peeled off significantly. In this case, the CVD is showing exhaustion. Bulls are, perhaps, not as serious as before. This will give some solace to market short-sellers, though I would prefer to see absorption where CVD makes a higher high and the price does not. In any case, the swing in deltas from staggeringly positive to staggeringly negative gives us some insight into what the "big boys" are thinking. It is my opinion that we will see MES (and SPX) in the upper 4900-5000 range in the coming weeks. Summers are notoriously slow for trading, so it will be interesting to see how this develops. Shortby PureDeltaUpdated 3
Silver Short IdeaSilver has had a nice run, but it looks like that's beginning to reverse. COT is also showing large net short positions for Commercials.Shortby Bogbee1
Gold Bullish BiasGold Bullish Ride SL and TP levels marked, ENtry at CMP fib level marked, trend continuationLongby Trad3withKamilUpdated 2
USOILRSI indicates Bullish Divergence. Which means that at any time the market trend can change to HH and HL. Order type : buy stop Entry : 78.82 SL : 77.38 TP1 : 78.82 TP2 : openLongby SohailChaudharyUpdated 1
SILVER - Double topIf gold is in a decline mode silver is dropping too... Silver started to print its double top a bit later than gold but it's heading to the neckline at 30.058$. We might backtest the breakout again at 26$ in a few weeks. And also notice on the XAUXAG chart silver printed a daily swing yesterday : It might want to backtest the triangle~s lower trendline. If the XAUXAG chart moving up the silver decline will be much more severe. Prepare for the double top to break down soon ! Shortby chartwatchers1
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