XAUUSD - Bullish Reversal PatternAs the chart is indicating the double bottom reversal pattern and there is also a divergence.Longby mhamzasaeedm1
GOLD BULLISH BIAS RIGHT NOW| LONG Hello,Friends! Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2362.127. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 112
Gold 31/5/24 consolidatingGold 31/5/24 consolidating No break above 2364 continue to shortby GoldInsightsHubUpdated 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
xau short looking goodretest strat, on resistance. news not the best for market, likely retest back down abit. Shortby FormedzeusUpdated 1
Empire of dollar is crashing In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path. Chart pattern on weekly. I really like using higher time frames. DXY ( U.S. Dollar Index) Longby BTC-XLMUpdated 5518
XAUUSD GOLD - Selling pressure / Sell opportunity? ### XAUUSD GOLD ============== Check out the background information (), and also review the related ideas. A strong pullback at the current level is needed to confirm the break of the Timer TL and to justify short positions moving forward. Without this pullback, short positions become risky, as a bounce from the bottom of the trading range marked in purple is likely. A seemingly lucrative sell opportunity might be present right now. As traders, our job is to find opportunities, assess the risks involved, plan accordingly, and execute trades. Considering all possible outcomes, the results will reflect our performance. In view of potential further weakness in the markets and price movements favoring our shorts, it is crucial to remain mindful that this forecast is in its early stages. Continuous monitoring of momentum is vital, especially watching for signs of persistent strength entering the markets. - Always size positions properly according to your risk level. - Always be prepared for losses just as you expect profits. - Always plan your trades according to the principles above. Observe your drawdown (DD)!Shortby FroggyFXUpdated 2
BUY OPPORTUNITY IN GOLD Price currently trade at $2,344. A buy opportunity is envisaged from the Current market price. Target is $2364Longby Cartela1
VX Paths for PCEI'm bullish on VX for now, but I'm open to a failure. These are.the paths I'd expect. Longby AdvancedPlays1
WTIWTI analysis 1 hour time frame The price can fluctuate between the ceiling and the floor of the specified areasby m0neyminer1
Gold prices are set for a fourth consecutive monthly gain🪙 GOLD NEWS 🌐 IMPORTANT ⭐️ EXCLUSIVE 📆 31.05.2024 ➖➖➖➖➖➖➖➖➖➖➖ • Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT. • Weekly gold prices are up 0.4%, and monthly prices are up 2.5%. U.S. gold futures are flat at $2,341.80 per ounce. • Monthly gains are driven by central bank buying and geopolitical risks. • Market is awaiting U.S. core Personal Consumption Expenditures (PCE) price index data, the Fed's preferred inflation measure, to be released at 1230 GMT. • Weaker U.S. GDP growth may prompt policy easing, but inflation progress remains crucial. • Any increase in PCE could pressure gold, but a significant decline is unlikely with buyers defending the $2,300 level. • Traders have reduced rate-cut expectations due to recent hawkish Fed comments. • Higher interest rates increase the opportunity cost of holding non-yielding gold.Longby muhammadeebs2
Gold Price Analysis and Technical Forecast Let's delve into the current gold price situation and employ technical analysis to anticipate its future trajectory. Support: Currently, a strong support level for gold prices lies around $2350 USD/ounce. This zone has repeatedly witnessed gold prices rebounding during recent trading sessions. Resistance: A crucial resistance level is currently positioned at $2380 USD/ounce. Gold prices have struggled to surpass this barrier in recent times. RSI Indicator: The RSI indicator currently stands at 55, suggesting that the market is in a neutral state, neither overbought nor oversold. Trading Volume: Trading volume today has been relatively high, reflecting strong investor interest. This could signal accumulation ahead of a potential new uptrend. Based on technical indicators and current market conditions, gold prices may continue their upward trend for the rest of the day. However, minor corrections are not ruled out as prices approach the $2350 USD/ounce resistance level. Traders should closely monitor key price levels and adjust their trading strategies accordingly. What are your thoughts on the gold price trend today? Do you believe it will continue its strong ascent or encounter adjustments as it approaches new resistance levels? Share your insights and let's discuss! by Rena_Potter5
XAU/USD 31 May 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains unchanged from yesterday's analysis dated 30 May 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price was failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. As previously mentioned, I have started to map internal structure to gain a better understanding of price action. I mentioned that the blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme of the H4 swing low structure which is marked with a blue solid vertical line. Price has now printed a bearish CHoCH with price currently being contained within an internal range. Black EQ marked 0.5 is swing range. Blue EQ marked 0.5 is internal range. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high which is denoted with a blue dashed line. Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue dashed line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed another bullish iBOS followed by a bearish CHoCH which indicates, but not confirms bearish pullback is underway. Price is now contained within an internal range. After reacting at discount of 50% EQ price has been unable to target weak internal high. This could indicate that price is seeking further liquidity. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also denoted with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart: by Khan_YIK3
Gold prices suddenly increased sharply againWorld gold expenses dropped sharply to 2,323 USD/ounce because of the effect of feedback on May 28 through Minneapolis Fed President Neel Kashkari approximately americaA Federal Reserve (Fed) now no longer reducing hobby quotes soon. on this year. However, gold expenses all at once expanded sharply once more because of witnessing massive purchases from buyers after americaA initial assertion of first area GDP changed into decrease than to begin with expected. According to americaA Bureau of Economic Analysis, US first area GDP expanded through 1.three%, decrease than the 1.6% formerly estimated. Market analyst Han Tan of Exinity Group stated that the gold marketplace is anticipating greater non-public intake intake data (PCE) for May to be introduced from americaA. If this index rises better than expected, it's going to boom the chance that the Fed will preserve hobby quotes unchanged for an extended length of time. According to professionals from the Swiss Bank (UBS), there are three elements assisting the uptrend of gold, the maximum critical being the Fed`s financial policy. Analysts say that only a small hobby fee reduce through the Fed, even 25 percent points, might be sufficient to carry gold expenses to a brand new common high.by TrategySherpaUpdated 4
Gold ( XAUUSD ) Outlook !!!www.tradingview.com Gold (XAUUSD) is navigating a descending triangle pattern and has rebounded from its upper edge. The 50-period moving average adds an additional layer of resistance for the asset. If it breaks above the 2345 resistance level, it could clear the path to the 2365/2390 resistance Conversely, a rebound from the upper edge may trigger a decline to the 2310/2285 support level. The overall trend is positive, yet a dominant buyer has not emerged. The market is in anticipation of news. On a local scale, the trend is downward. To validate a shift to a local upward trend, the price must surpass and stabilize above the range of 2354 - 2364; this would set the stage for a potential rise to 2400. However, should the price fall below 2328, it could trigger widespread market concern.by Goldxking2
Triangle on GoldWaiting for inflation reports today then Gold should break out the triangle Up or Downby Al-Waseem1
XAUUSD SHORTIM LOOKING SHORT ON XAUUSD , If you have any suggestion please comment below.., Happy tradingShortby AmbadyKJUpdated 2
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
XAUUSD (GOLD)Today possible trades Take your own risk but also remember today monthly candle close so market will be volatile and big volume comeLongby Kashif_chaudhary1
Gold is the main selling point today (5/30)Deep target for gold during the day can reach 2310 and at night it can be sold down to 2289 or 2279 The immediate sell zone is at 2359-2361 SL 50 pips per entry TP 2355-2350-2345-2330 - Open The buy zone in the Asia-Europe session is at 2327-2330 SL 2324 City 2333 - 2337-2342 US session buy 2289 - 2287 and 2279 - 2277 SL 50pips per entry TP 50-100pips per entryShortby WinlouhUpdated 223
Gold latest strategy analysis and accurate guidanceFrom the current trend point of view, today's short-term pressure focus on 2360-2365 line, intra-day reverse draw relying on this position first to see the fall, below the short-term support focus on 2340-2338, intra-day back to stabilize this position can be short more than once again to see the shock recovery, intra-day overall relying on 2340-2365 region high altitude low cycle to participate in the bullish and bearish shock running rhythm, The middle position is always more see less move cautious pursuit, patiently waiting for the key point approach. Gold strategy: Above 2363-2365 near short stop loss 2370 I hope the daily analysis and strategy will be helpful to you. Please contact me if you need itby Trade-reaperUpdated 2
Crude oil prices resumed their rise,Yesterday said that as long as yesterday's rising market did not break the starting point of the main fall of 3 waves 83.63 US dollars, it can be regarded as 4 waves rebound, currently is not broken 83.63 US dollars, but broke 80.11 US dollars, that is, broke the starting point of 5 waves of our previous number of waves, but now it can also be looked at as the abc three waves after the main fall of 5 waves. That is, the rise of the market from $76.15 to $80.62 is a wave, and the current pullback is a wave b, then the wave b will be back to $78.20-78.50 this range and then rise to $80.63 in order to walk out of a complete wave c, as long as it does not break $83.63 we can look at 4 waves rising. Breaking $83.63 is abc three waves after five waves, not breaking $83.63 is three sub-waves of four waves. 1, below $78.25 long, stop a loss of 30 points, stop a profit of about $80.25 (more aggressive can be long at $78.70). 2, short above $80.55, stop loss 35 points, stop profit of $78.50. 3, if the strategy 2 short is stopped, go short again at $81.70, stop a loss of 30 points, and stop a profit of $79.70.by Trade-reaperUpdated 1
XAUUSD h4 | Bearish momentum Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2359.34, which is a pullback resistance close to 23.6% Fibo retracement Our take profit will be at 2326.54, an overlap support level. The stop loss will be placed at 2396.95, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCMUpdated 5