XAU USD SELLThere is a potential trend reversal on the 1 hour timeframe. If it's going down, the downtrend will be followed up on higher time frames so a huge sell. Stop loss :2441.5 Take profit: 2382.4 or keep it open and wait for higher time framesShortby Visionary_insightsUpdated 13
XAUUSDHello traders ,what do you think about GOLD? After breaking its trend line, gold has now reached the resistance zone of 2400. It is expected to grow at least up to the specified level after the pullback to the broken trend line. If this post was useful to you, do not forget to like and comment.❤️Longby HAMED_AZUpdated 99109
My option about GoldMy option about xauusd i can see more bullish but if the price retest to that zone you can buy it Longby hamapro111
Gold can start decline to support line of upward channelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price reached the support level, which coincided with the buyer zone, and soon broke this level and continued to grow inside the pennant. In this pattern, XAU rose to the current support level, which coincided with the support area, and even rose higher and reached the resistance line, after which turned around and made a correction to the support line of the pennant. Later price reached the 2400 level again and then made a strong downward impulse to the buyer zone, exiting from the pennant pattern and breaking the 2290 level. But soon, the price turned around and started to grow inside the upward channel, where it soon broke the 2290 level again. Next, Gold reached the resistance line, and made corrections to the support line, after which rebounded up to the support area, breaking the 2400 support level. As well recently, the price rose higher than the support area and now trades close to the resistance line of the upward channel. In my opinion, Gold can rebound from the resistance line and decline to the support line of the upward channel, breaking the current support level. For this case, I set my target at the 2370. points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ82215
Gold on another Fundamental rallyAs discussed throughout my Friday's session commentary: "My position: Only factor which is keeping Bullish bias alive is DX taking strong hits and as soon as DX starts reversing on new Bullish Medium-term leg, Gold will deliver decline of current Inflated Price-action. However, Gold still remains very sensitive to every Bullish development where minor Bearish spikes on DX / Gold is easily rising while DX on Intra-day correction, Selling Volume on Gold is almost non existent (very Low) as Gold should already Trade near #2,352.80 benchmark. Regardless I have engaged my Selling order with #2,386.80 entry point (#2,352.80 remains my optimal Target for the fractal)." My #2,386.80 Selling order engaged throughout Friday's session triggered #2,395.80 (#9-point) Stop-loss as I was prepared (as witnessed many times in near past from mid-October) for aggressive Bullish #30 - #50 point movement which made me remain off the market and monitor the sequence from sidelines. Technical analysis: Aggressive Bullish Fundamental spike came as no surprise as candles are arriving strongly and distorting Technical trends. The Price-action is back up passed the Weekly (#1W) High’s and Long-term Investors should start taking Profits on their Buying orders (that explains Gold becoming firm near #2,350’s Neutral zone and downtrend which was stalled). Consulting Gold's Daily chart, Trading on biggest difference percentage previous and current Year, I personally doubt that Gold will rise more than #2,400.80 - #2,700.80 for this Bullish sequence. Despite all this and from a Technical stand-point, Daily chart is showcasing that correction is on the cards within Higher High’s, able to deliver another aggressive takedown with #2,352.80 Higher High’s Lower zone as an optimal Target (remember that Gold always delivers #3 declines and then forms a Bottom (#3 Lower Low’s extensions mentioned throughout my remarks)). However, #MA50 on Daily chart is still preserved and keeping Medium-term Buying bias alive. As I can clearly spot, these are the most Volatile times on Gold since #2020 with the Volatility variable on (#91.82%) last Week, last Year the variable was on mere (#62.80%). Fundamental analysis: The Price-action didn’t took me by surprise, as Asian Stock markets last night withstood this firestorm, but the E.U. markets (which where the losers of the memorandum and possible renewed recession fears) ended in enormous losses. I cannot speculate how long this state of uncertainty will last for but for as long as it does, I will adjust my strategy adding strict Risk management. Technically, one should read the charts properly and current newly formed possible Top is nothing more than temporary which is pointing on more serious Short-term gains on Gold. As for the correlations and when Gold follows more closely one asset compared to another, this is just up to the analyst (me) to determine. My position: Regardless, even though Gold is skyrocketing, it is showing signs of exhaustion. The more Gold rises, more aggressive Medium to Long-term decline / correction will be as Gold is Trading on Inflated Price-action. I still haven't got conditions to re-Sell Gold and will remain on sidelines. I am Highly satisfied with my re-Sell orders lately. Shortby goldenBear8811
Gold broke the 2,400 USD mark and continued to reboundHello dear friends! Let's explore the price action of gold after the recent days of major fluctuations! Regarding developments and results last week: the international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US announced producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is expected that this precious metal will return to record highs sooner than expected. Conclusion on gold and trend: I am optimistic about gold next week. The USD is depreciating a bit along with Treasury bond yields going down. Additionally, technically based on tests last month and thus far, there are signs of acceptance above the $2400 price level. This opens the door to a possible increase to $2,500. Overall, gold confirmed a trend change above the $2400 level that buyers actively defended on the basis of a bullish wave of realization. It is likely that the market will try to change the trend. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening.Longby ConanForexUpdated 151538
GOLD-SELL strategy weekly chartGOLD is starting to create a negative divergence, i.e. higher high and lower high RSI, but not confirmed as yet. It is overbought, and one should expect a return towards $ 2,150 area in the near term. Strategy SELL @ $ 2,400-2,445 and take profit @ $ 2,167. SL I suggest above $ 2,468Shortby peterbokma443
Gold Bullish Outlook Amid FED Commentary and Geopolitical TensioIdea: Today, we have significant inputs from various FED speakers, notably FED Bostik and FED Zwoller, both of whom are hawkish and voters, which implies they have the potential to influence market sentiment and direction significantly. Their hawkish stance, combined with their voting power, suggests they could steer the market towards expecting tighter monetary policy. In addition, we have inputs from FED Jefferson and others who represent a dovish perspective. However, given the current market conditions and the weight of hawkish voices, the market is likely to lean towards a more hawkish interpretation. Furthermore, geopolitical tensions in the Middle East add an additional layer of uncertainty, which could exacerbate market volatility. Historically, such tensions have often led to increased risk aversion among investors, resulting in potential shifts in asset prices. Pre-Trade Analysis for Gold: My view on gold is bullish. Today, gold reached all-time highs again, making it a bit risky to enter a buy position at current levels. However, large speculators and big banks have recently filled their buy orders around significant price levels. Currently, the price is at $2,429. Based on these factors, I am watching the $2,410 level closely. If I see the price rejecting or ranging around this level, it would be a strong signal for entering a buy position. My target would be the all-time highs again or higher, with an ambitious target of $2,500. There is no major news suggesting a downturn, and the lack of a sharp down move indicates that major players have not yet closed their buy positions. This supports the potential for a bullish move if the price holds around $2,410.Longby jacobradan9
Gold Trendline and Channel Breakout ! Ready For BullHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 10
GOLD SELL STOP ENTRY LIMIT SET NOW!!!!!!!!!Gold completed my last analysis predictions now we have a wyckoff theory model spotted in gold 2h chart am waiting on gold with my sell-stop limit at 2325 which will be my RTO return to Origin for a massive sell to the sell side liquidity JOIN AND ENJOY Tell us your expectations...................? We will love to hear......Shortby CAPTAINFX210
XAUUSD: 20/5 Today’s Analysis and StrategyGold technical analysis Daily resistance is 2450-2500, support below is 2413-2371 Four-hour resistance is 2450, support below is 2413 Gold operation suggestions: The strong dividing line for short-term bulls has moved to the 2400 integer mark, and the daily level has stabilized above this position and continues to maintain the trend of low and long bullish rhythm. Judging from the daily gold trend, the lower support for gold is focused on 2413-2400-2370, and the upper focus is on 2445-2450 for suppression. The bull situation is still strong, and market risk aversion continues to heat up, so we can do long at low levels in operation, and the risk of trading with the trend is low. . BUY:2415 near SL:2411 BUY:2400 near SL:2397 Technical analysis only provides trading direction! Longby ActuaryJUpdated 9
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2425.5 to 2429.5 and 2384.5 to 2382.5. Additionally, medium-risk buy zone between 2402-2400, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2425.5 and 2429.5, serving as a low-risk sell. Important Demand Zone🟢: Identified between 2384.5 and 2382.5, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 2402 and 2400, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 2388: Possible retracement area. 2396: Possible retracement area. 2400: Possible retracement area. 2415: Significant supply zone. 2423: Liquidity area. Bearish Targets📉: 2419: Possible retracement area. 2410: Possible retracement area. 2403: Area with laying low liquidity. 2385: Essential Demand Zone Ultimate Target: 2373- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss9
XAUUSD: The US market rebounded to the 2440-2450 area SellToday is a special day because there are many major events that have happened and are about to happen, especially in geopolitics. Each event is of heavy weight and may trigger a major global chain reaction anytime and anywhere. People have to beware of and Notice. Affected by international geopolitical events, the helicopter on which Iranian President Raisi was riding crashed, causing gold to hit a record high again today. The price of gold does not rule out the possibility of reaching 2,500 in the future. As for the short-term peak today, the trend started to fall after rising high, the rebound began to weaken, and the room for adjustment may increase. You can wait for the U.S. market to rebound to the 2440-2450 area to continue high SellShortby Get-rich-signalUpdated 10
A Traders’ Week Ahead Playbook • Key event risks for the week ahead. • Nvidia’s Q125 earnings, a key driver of equity markets this week. • Fed speakers could move markets – Powell, Waller, and Jefferson in the spotlight. • US equity markets at all-time highs – fatigued, but well-supported. • Copper, gold, platinum, and silver are all on fire. The key event risks for traders this week We look ahead and eye the key event risk, where I would be paying particular attention to earnings from Nvidia, and speeches from Fed members Waller (he speaks 3 times this week), Jefferson and Chair Powell. We get UK, and Canadian CPI, and will keep a beady eye on the narrative out from the RBNZ meeting, which will keep rates hold but guide on the future direction of rates. We also get manufacturing and services PMIs in the US, UK, Australia, and Europe. UK CPI (due Wed at 16:00 AEST) could get the GBP moving – in either direction – with UK swaps market pricing a near 60% probability of a 25bp cut in the 20 June BoE meeting, and 55bp of cuts by December, and with core CPI expected to fall to 3.6% y/y (from 4.2%) and headline CPI eyed at 2.1% y/y, a lower-than-forecast CPI print could cement a June cut in the market eyes. For those wanting to trade GBP downside, short GBPNZD was the play last week, although, with the RBNZ meeting due on Wednesday, an extension of this trade has risk. Nvidia should beat but by how much? Q125 earnings from Nvidia could get the AI-related semis and the NAS100 firing up (or lower), and even set off moves across other markets too. When the options market prices an 8.6% move on the day of earnings, if this implied move proves to be correct, that’s a staggering $195b in market cap gained or lost in a likely 60-minute window. It would also equate to a -/+0.5% move in S&P500 futures in the after-hours session. We know Nvidia will likely beat the sell-side (investment banks) consensus estimates for revenue, EPS, and gross margins - they always do - but it’s the extent of the beat that matters. Q125 sales are eyed at $24.61b, with Q225 sales guidance expected to come in around $26.72b – one suspects they’ll need to hit us with sales of GETTEX:26B + for Q125 sales and GETTEX:29B for Q225 sales respectively, with CEO Jensen Huang with inspiring guidance to get this pumping like we saw in February. Fed speakers to watch out for The message last week from the Fed was one of patience and this message is likely what we’ll hear from Fed speakers this week as well. Chair Powell, Fed board member Waller and Vice-chair Jefferson will be the central focus here, and their views on inflation and policy could move markets, although broadly, markets feel comfortable with the current pricing of 43bp of cuts priced by December, and we see US 2yr Treasuries holding a range of 4.89% to 4.70%. Last week’s US CPI was encouraging and while this week’s US PMI data could move the dial, notably, if the services print were to surprise and pull below 50 (consensus is at 51.4) it could lift volatility and promote USD sellers. That said, it feels like the market is looking forward to the nonfarm payrolls print on 7 June as the next big piece of the macro jigsaw. US data has been missing the mark on a consistent basis since mid-April and that has led some to say the US economy is moving towards a ‘soft landing’ environment and away from a ‘no landing’ dynamic. Add in solid earnings beats and growth, a renewed belief in the ‘Fed put’ and a world with a huge appetite to sell volatility (the VIX now sits at a lowly 11.99%) - and we have the S&P500, Dow and NAS100 at all-time highs. This is a tough market for those in short positions for more than an intraday day trade, and those positioned for downside would be hoping that Nvidia disappoints in a big way. Nvidia are not a company I would typically bet against, so even though the various US indices look tired, the platform is set for further highs and pullbacks should be shallow. This is true of the HK50/CHINAH indices too, which have had another incredible week of gains. Data in China is lacking this week, so we are fully at the mercy of liquidity and flows. 20k is the near-term target for the HK50 index, but I would consider switching some of HK50 exposure towards the mainland equity markets and the CN50 index, which has broken out and outperformed HK equity on Friday. We’ll see if some of the goodwill towards China can spill over into the ASX200, which saw supply above 7850 last week – should the ASX200 kick through 7860 early I would be looking for a re-test of Thursday’s highs (7900) and even new all-time highs above 7910. Copper on fire The action continues to be in the metals complex – the space is red hot. Copper closed 4.1% higher on Friday, taking the gains for the week to 8.3%, and for the trend-followers and momentum traders, the daily chart is a thing of beauty. Many know the story on reduced copper supply, and those highly focused on the copper scene would be aware of the massive short covering seen in CME futures positioning since mid-February (-42k contracts to stand at +72k) and the widening premium of CME copper to LME copper to $1041 - but the move in copper is momentum 101 and discretionary and systematic players have had to chase. For FX traders, this move in copper remains a huge tailwind for the CLP (Chilean peso), where USDCLP has fallen 9.4% since mid-April. Market players chasing silver, platinum and gold The chase higher from various market players is also true in silver, which had its best week since August 2020, helped by a monster move of 6.5% on Friday, which took price through to the best levels since Feb 2013. Platinum has participated with an 8.8% weekly gain, while gold closed at a new closing high, and eyes the all-time intraday high of $2431.52 – a weekly close above here this week and the FOMO chase could be real. The question of exactly what is driving the gold move above $2400 is one we hear frequently. The fact we saw US real rates (i.e. US bonds adjusted for expected inflation) rise 3bp higher on Friday – typically a headwind for gold - yet gold rallied 1.6% details that there are other factors than rates driving gold flows – these include a broad base rally in metals, central bank buying, increasing Chinese gold holdings (relative to its international reserves), a hedge against ballooning government deficits; it’s all there and it seems we always have to pick a reasoning behind a move after the fact. I have little idea how anyone trades gold short-term from a purely fundamental standpoint. My view is to be a slave to price action, react, align with the short-term trend, and cut quickly when the move goes against you. Anyhow, another big week of market themes and risk to have on the radar. Good luck to all. Longby Pepperstone115
Gold Futures Near Record High on Interest-Rate Cut OptimismGold Futures Approach Record High Amid Growing Interest-Rate Cut Expectations This increase follows softer U.S. economic data over the past week, raising expectations for interest rate cuts. Last Wednesday's lower-than-expected U.S. Consumer Price Index (CPI) data provided relief for the precious metal, after three consecutive months of higher inflation dampened hopes for Federal Reserve rate cuts. Gold prices typically move inversely to interest rates; prolonged higher rates reduce the appeal of non-interest-bearing bullion. Currently, markets are pricing in an 85% chance of a Fed rate cut by September, up from 75% before the CPI data release, according to the Commonwealth Bank of Australia. Technical Analysis of Gold: The price of gold has reached a resistance level at 2450, influenced by factors such as the Federal Reserve's policies, CPI data, and geopolitical events. Despite these pressures, there remains a bullish sentiment. However, the price appears to be attempting a retest down to 2426 before potentially resuming its upward trend. Currently, as long as the price remains below 2451, it indicates a likelihood of testing the 2426 level. If this level is breached, it could lead to a further bearish correction down to 2409. Conversely, if the price breaks above 2451, it would signify a continuation of the bullish trend, potentially reaching new all-time highs around 2462 and 2475. Pivot Price: 2451 Resistance Levels: 2462, 2457, 2495 Support Levels: 2427, 2410, 2397 Today's anticipated trading range is between the support level at 2426 and the resistance level at 2462. by SroshMayi8
LONG GOLDDespite the heavy news of losses this weekend, Gold has not lost hope to remit bulls. Trade safe and wisely. All the bestLongby KingReniUpdated 7
DeGRAM | GOLD decline after profit takingGOLD is in an ascending channel. The price has reached the upper boundary of the channel and the psychological resistance of $2450. We expect a pullback to retest the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM118
USOIL - LONG Prices have been in a consolidation mode for the past week ending 17/05/2024. It seems seasonality is finally kicking as we saw prices bouncing at support twice, creating a double bottom pattern. On 4Hr time frame we are about to create a golden cross and on 1Hr time price are above both moving averages. Given this conditions price may open lower or retest $79.306/barrel before ascending to higher price. The longer price target is at $85.000/barrel. Summary Entry 1 = 79.306 or Open price Entry 2 = 81.273 ( If price is retesting then entry is valid) Target 1 = 82.910 Target 2 = 85.000 Risk : Reward Ratio => 2.02 Plan your trade, Trade the plan!!! Follow and Boost my ideas and Let's grow together.Longby ForeignCapital_fx228
Gold: China moves market?The price of gold made a significant move during the previous week toward the ATH, however, this level has not been reached. Instead, the highest weekly level was $2.420, while ATH stands at $2.430, reached in April this year. There are generally two reasons why this move occurred. On the one side were posted US inflation data, which were in line with market expectations, and a bit lower from posted data in March. This pushed the market optimism that the Fed might eventually make the first rate cut in September this year. Additional impact was made from China. Namely, based on the latest economic data for China, analysts are of the opinion that China's monetary authorities will make adjustments to their monetary policy in order to boost the economy, in which sense, measures in terms of banks’ reserve requirements and interest rates are currently expected in the near future period. As investors from China are among the highest gold buyers, and there is general positive sentiment when it comes to the price of gold in the future period, the market pushed the price of gold to higher grounds on Friday`s trading session. With the latest push in price, the RSI reached the level of 66. This level is quite close to the overbought market side, which leaves some space for the price of gold to move toward a higher ground in the coming period. Moving average of 50 days continued to diverge from its MA200 counterpart, and not providing any kind of indication that the convergence might start any time soon. Current charts are showing that the price of gold has still some space for a move to the upside. This would most probably mean a new ATH for the gold. Still, when the RSI reaches the overbought market side, it would mean that the price could enter into short term reversal. The first level in this sense could be the $2.300 short term support line. Still, it should be considered that the market is currently under the hype of potential Fed's rate cut, in which sense the weakening of the USDollar should also be accounted as a potential trigger for the price of gold during the week ahead. by XBTFX8
Goldwe looking for short term sells then if the market doesn't break the bullish trend the market will continue with the bullish trend resulting in buying opportunities Longby officialpotego_fx6
Short -term gold trading strategy!Gold continues its recovery, building on last Friday's gains, with prices now orbiting around $2442 USD, up more than $27 at the time of writing. The long-term outlook remains bullish, eyeing the $2500 USD record target. However, in the short term, gold might need to adjust and pull back. Currently, the charts suggest that gold is peaking, and I anticipate a corrective phase reaching down to the Fibonacci levels of 0.5 - 0.618, around $2420 - $2415 USD, before it becomes favorable to buy again. What do you think about today's gold trading strategy?by Trader_BrianFXUpdated 115
XAU/USD MOVEMENTLooking for price to drop down and break my CHoCH zone, which will be my sell entry zone. Prize can make a retracement back to the CHoCH zone and then continue to drop more to the downside.by frankyboiiUpdated 6
XAUUSD SELL BREAKOUT TRENDLINEHere on gold price has breaking the trendline and now moving down so the targeting profit should be at psychological level of 2400.000Shortby FrankFx144