Xauusd Weekly Analysis (4H time frame)We expect xauusd price continues its downward movement to the support zone (2300 to 2312) and back upward to resistance zone (2374 to 2364). Then the price will fall again to the support range of 2334.by SalimiFinancee9949
GOLD - there is single area, hold or not?#GOLD.. so guys market very well hold so far your yesterday resistance area now as supporting area. keep close it that is 2340 it will be your key level now. if market hold it then further bounce expected above that level. only only short below that otherwise not. keep in mind guys below 2340 cut n reverse keep in hand. good luck trade wiselyby AdilHussain731333Updated 779
Re-Sell order engaged / #2,300.80 TargetedAs discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,348.80 entry point, #2,300.80 benchmark remains optimal Target for the fractal. I do believe that Gold might re-test #2,350's Resistance zone before #2,300.80 aggressive takedown test." My #2,348.80 entry point hit #2,356.80 Stop-loss as I re-Sold Gold with #2,356.80 entry point, optimal Target remains #2,300.80 benchmark. Technical analysis: Gold has light calendar throughout the session and expect no sudden moves. DX is on mild decline which is adding Buying pressure on Gold. There is no definitive upwards direction motion within this range so from a Technical standpoint, Selling is recommended until Gold presents me with a break-out (market closing below #2,352.80). I am still idle until we either approach the #2,362.80 Resistance or if #2,340.80 Support breaks to the downside (even though my Selling order is in excellent Profit by now). In both cases the Short-term Target is #2,300.80 benchmark. Despite last week’s strong Bearish candle sequence, Gold remains largely Neutral within the #2,332.80 Bottom and the #2,456.80 Resistance zone. Following yesterday's unexpected Bullish spike towards #2,352.80 benchmark / first Resistance (Bullish spikes became new norm lately), Gold is now consolidating on Hourly 1 chart within #2,340.80 - #2,352.80 Neutral Rectangle (limited to #2,332.80 - #2,356.80 High’s / Low’s) raising decent Selling opportunity for Short-term Sellers. Based on the Daily chart’s Descending Channel though, this may be just the consolidation before the next aggressive slide but could be as long as the previous decline within last Daily chart’s cycle to the downside (# -8.13% magnitude). Sellers which aren't positioned on market are a bit late now and should look for a Higher entry later on. My position: I have re-Sold Gold with #2,356.80 entry point, optimal Target remains #2,300.80 benchmark.Shortby goldenBear888823
GOLD 4H CHART ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2339 resistance and 2313 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2339 to open the range above or a rejection will follow to find support in the retracement range. A cross and lock below 2313 will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2339 EMA5 CROSS AND LOCK ABOVE 2339 WILL OPEN THE FOLLOWING BULLISH TARGET 2360 EMA5 CROSS AND LOCK ABOVE 2360 WILL OPEN THE FOLLOWING BULLISH TARGET 2389 BEARISH TARGETS 2313 EMA5 CROSS AND LOCK BELOW 2313 WILL OPEN THE FOLLOWING SWING RANGE SWING RANGE 2290 - 2275 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX by Goldviewfx97
Latest gold update today!During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after modest gains from the PCE report suggests near-term exhaustion in the precious metal after this year's remarkable rally. This shows that gold market sentiment is still weak, despite positive signals from the economy. Although affected by the Fed's positive interest rate stance, gold prices are forecast to rise higher in the second half of 2024. Strong support for gold prices comes from increasing demand from central banks in East and Central Asia, along with the need for safe havens due to fears of increased economic instability.Shortby IAm_RyderUpdated 6621
XAUUSD continues its downward trendDear traders! As Ryder mentioned in last week's analysis, EUR is currently in a corrective recovery phase, receiving support at $2328. However, overcoming the $2375 resistance seems challenging and remains on target. Currently, XAUUSD is trading steadily below immediate resistance at $2355 and there are no signs of a reversal in the pair's trend yet. It seems like the downtrend has officially returned after last week's breakthrough. According to the excellent 34.89 EMA tool from Trading View, after the recovery period and reaching the above resistance zone, I expect gold to continue moving downward. It is expected that this decrease will reach 2,281 USD.by IAm_Ryder5519
XAUUSD, long after support touch.Hi friend. Like i write in previous idea market strong support 2328. But there is no market process wich can continue falling. So my opinion growth to transit zone 2340-2346 after bears was distributed. Support me;)Longby JinFlarkUpdated 8832
Gold price continues its technical downtrendDear traders! Gold prices today continue their technical downtrend as the USD exchange rate and US Treasury bond yields increase in the context of financial markets increasing expectations that the US Federal Reserve (Fed) will keep interest rates high. longer longer.Shortby IAm_Ryder5516
Economic data is supporting Gold - increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday due to a weaker US dollar and lower US yields. Traders expect the Federal Reserve to cut interest rates following weak US GDP data. Geopolitical risks in the Middle East may also boost gold as a safe-haven asset. Later, gold traders will monitor the US Core PCE figure for April, which is expected to show an increase in inflation. If the data is higher than expected, it could support the US dollar and limit gold price gains. ⭐️ Personal comments NOVA: Gold prices rebound after economic data that is not good for the dollar this week - expect the recovery to continue on Friday ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2317 - $2315 SL $2312 scalping TP1: $2322 TP2: $2326 TP3: $2330 🔥SELL GOLD zone: $2361 - $2363 SL $2366 TP1: $2357 TP2: $2353 TP3: $2348 🔥SELL GOLD zone: $2373 - $2375 SL $2380 TP1: $2368 TP2: $2360 TP3: $2350 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestLongby Nova-ScalperUpdated 3330
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range LAST WEEKS UPDATE We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart. While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range. CURRENT UPDATE We saw a continuation of the drop further closing the gap of the detachment with a gap now left open at 2235. Long term we will like to see and look for price to support above the channel top for a continuation to re-test the range above. We still remain Bullish and will only safely take buys from support levels. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR by Goldviewfx85
Sell XAUUSD Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2343, positioned close to the Top of Channel level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2320 2nd Support – 2311 Stop-Loss: To manage risk, place a stop-loss order above 2354. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you. Shortby KABHI_FOREX_TRADINGUpdated 4426
GOLD WEEKLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. After completing our bullish target of 2438 2 weeks ago confirmed by the body close gap at 2404. No further gap was created and only a wick confirming the rejection. The rejection completed the detachment to ema5 below as highlighted land also inline with the channel top, which we were looking for a re-test to confirm support. CURRENT UPDATE We got the bounce from the channel top into 2360 for a nice catch and now we are seeing price reject at 2360 and closed below the channel top opening the gap below at 2313. We will need to see ema5 also cross into the channel to support the body close for further continuation in the channel or failure of ema5 to cross back into the channel will see another push up from the channel top. If this support breaks and the channel top does not provide the dynamic support we are looking for then we are likely to see price break back into the channel for a further correction to respect the levels in the channel once again. The levels will then provide the bounces inline with our plans to buy dips, level to level using our smaller time-frames. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR by Goldviewfx86
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Price is moving as we'd hoped upside only we didn't get the retest of the low that we wanted. We were expecting it to be a quiet day but we've still got some decent movement for those who are in long from the open. Our first target region has been reached 2350-55 where we're seeing a slight RIP, however, nothing significant at due to the low volume in the markets. So, what now? We've highlighted the support region below around the 2340-45 mark, which we feel if held should push us up further to complete the higher target given, which is where we want to see what happens. Too early to say we'll flip, so we'll go with the price as it stands with 2360-65 resistance and 2340-45 support. As always, trade safe. KOG by KnightsofGoldUpdated 2269
THE KOG REPORT - UpdateEnd of day update from us here at KOG: As suggested in yesterdays update we were looking for the support level 2340 to hold price up and then for a push upside into the 2350, 2355 and above that the 2360-65 region. Excalibur guided on top of that giving us a precise entry level together with the red box strategy hitting not only our daily bias targets but also the Excalibur targets that activated. So, what now? As long as this support level keep the price up with the extension into 2335 we feel gold is looking for higher pricing. We have the KOG Report level which is a little higher than where we are so continue with the plan for now looking higher to potentially take that short trade. For now, it's playing a smaller range and it's expected to start whipsawing traders leading up to the last days of the month. As always, trade safe. KOG by KnightsofGold2251
Lingrid | GOLD Weekly PRE-MARKET ANALYSISAs May closed with a long-tailed monthly candle, it's now clear that we have two consecutive long-tailed candles, which strongly suggests that the OANDA:XAUUSD is struggling to stay above the key resistance level of 2400. This pattern is a significant indication that the market is likely to continue its downward trend. Furthermore, considering the seasonality indicator, which indicates that June is typically a bearish month, we can expect a bearish move in the near future. This combination of technical and seasonal analysis suggests that we should be cautious and prepared for a potential decline. When we take a step back and zoom out, it's clear that the gold market is consolidating within a larger range zone. As we speak, the market is trending towards the lower end of this range. On the 4H chart, we can see that the market recently completed an impulse leg down, followed by a pause that lasted for week. This pattern suggests that there's a high likelihood that we'll see a second impulse leg develop in the near future. I believe that the market may experience a prolonged consolidation period around the 2300 level before the underlying trend becomes apparent. On the daily timeframe, we may see a broadening triangle formation developing, which could be a sign of the upcoming consolidation. However, it's essential to remember that no one can predict with certainty what will happen next. As such, we must remain vigilant and adapt our approach as new information arises. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid3333
Trading Signal For XAUUSD Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD (h1) Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2334.6 ⭕️SL @ 2321.0 🔵TP1 @ 2374.5 🔵TP2 @ 2406.4 🔵TP3 @ 2442.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Longby pullbacksignalUpdated 2229
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range LAST WEEKS UPDATE We got the test at 2421 completing the gap from last week and our monthly chart idea and now the detachment below has also moved up with the momentum of the movement last week closing the gap further like we said above. We now only have 2483, as our long term extended target on this chart idea left. CURRENT UPDATE We saw price take a drop last week inline with the longer term correction we were looking for on this monthly chart. While chasing the bull on our smaller timeframe over the last few months we kept in mind the detachment every week on this chart reminding our followers, with the highlighted circle keeping in mind the market can throw this curve ball at anytime due to the detachment below and to manage risk according in the range due to the wider available range. Long term we will like to see and look for price support above the channel top for a continuation to re-test the range above. We still remain Bullish and will only safely take buys from support levels. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHORby Goldviewfx1414124
Gold & ETH - Who Follows Whom?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I always keep an eye on Gold to gauge the overall market sentiment. 📚 I found the latest correlation between Gold and ETH interesting ! You know what? I will keep this post short, as the picture is self-explanatory ! The question is... Who follows whom? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst5511
GOLD - Price can bounce down from resistance line to $2275Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from the support level, which coincided with the support area, and rose to the resistance area. Also then, Gold started to decline inside wedge, where it fell until to support line of this pattern, breaking $2310 level. Then price made a strong upward impulse to $2425 level, breaking $2310 level again, and exited from wedge too. Next, price made fake breakout of $2425 level and started to decline near resistance line to almost support level. At the moment, price continue to decline and I think that Gold can reach resistance line and then bounce down. After this, XAU can fall to support level, break it, and continue to decline to $2275 If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoon2210
HelenP. I Gold can break trend line and continue fall to $2290Hi folks today I'm prepared for you Gold analytics. A not long time ago price little declined and then made impulse up higher than the resistance level, which coincided with the resistance zone, but soon turned around and declined below this level, making a fake breakout. Then Gold reached the 2400 resistance level again, but at once rebounded and fell to the support zone, which coincided with the 2310 support level, and then rebounded and tried to grow. Price failed and in a short time declined lower the 2310 level, breaking it and later even reaching the trend line, after which rebounded up and broke the 2310 support level one more time. The Gold made a strong impulse up, an even higher resistance level to 2450 points, but soon turned around and started to decline. In a short time price fell to the trend line, thereby breaking the 2400 level again and now it continues to trades near this line. For my mind, XAUUSD will make a small move up and then rebound down to 2290 points, thereby breaking the trend line and also the support level. If you like my analytics you may support me with your like/comment ❤️Shortby FirstNameHelen229
GOLD (XAUUSD): Very Bearish Setup ExplainedA huge significant head and shoulders pattern has emerged in GOLD on a 4H chart, with the price also creating a bearish flag pattern as it forms the right shoulder. Both the support line of the bearish flag and the neckline of the head and shoulders pattern have been breached, with a 4-hour candle closing below them. It is likely that the pair will now decline further, with potential targets at 2307 and 2382.Shortby linofx1225
Huge selling pressure - Gold price continues to DECREASE✍️ NOVA hello everyone, Let's comment on gold price next week from 6/3 - 6/7/2024 🔥 World situation: Gold (XAU/USD) slumped back into the $2,330s on Friday after the release of US Personal Consumption Expenditure (PCE) data for April. The data showed a decrease in core price pressures, with Core PCE cooling to 0.2% month-over-month. Analysts had expected it to remain unchanged at 0.3%. This unexpected decrease increased the likelihood of the Fed cutting interest rates sooner, which is positive for Gold as it reduces the opportunity cost of holding the non-yielding asset. 🔥 Identify: Despite receiving positive economic news supporting Gold - the great selling pressure pushed Gold prices down immediately. Wait for the next support and decline areas next week 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2362, $2414 Support : $2306, $2282, $2250 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-Scalper4418
Gold has a strong bearish momentum, could it fall further?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse from this level to the 1st support. Pivot: 2,360.43 1st Support: 2,325.31 1st Resistance: 2,373.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets2213