XAUUSD: Trend in 39 Min timeframePlease pay special attention to the accurate trend, channel, and colored levels. >>>>>>>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<<< Be careful BEST MTby MT_T0
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 WILL GO DOWN|SHORT🔥 ✅GOLD broke the rising Support line and the price Then made a bullish correction But we are bearish biased locally So we will be expecting A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx115
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 goldenBear888
XAUUSD continuing bullish tomorrow?Within the Top Down Analysis from D1, the trend is continuing upwards. It broke the last H1 ceiling and is going somewhere towards north. The safest option is going bullish from zone to zone, until there is more structure. Be careful around 2357. Reversal for a bigger retracement is possible around there. This trade should play out before the USD News in the afternoon 4 pm GMT+1 I took 300 pips SL to get around the DKL points.Longby UnderlayerUpdated 113
Cast on XauusdThis not Financial Advice gang. -Overall XAUUSD Setup on 1D TF. -Expecting XAUUSD overall playout bearish. -Either you make bread with that information or continue being ignorant, Do you Gang.Shortby Uncle-TakeProfitt1
XAU/USD faces resistance despite recovering from recent pullbackGold (XAU/USD) started the week trading with a positive bias after last week's correction. The precious metal dropped over 4% as strong economic data in the US continues to hinder the hopes of rate cuts from the Federal Reserve. Commentary last week from several FOMC members continued to point towards a restrictive policy for the foreseeable future, at least until meaningful progress in disinflation resumes. The pullback did serve bulls for one thing: to confirm that support remains intact at the 23.6% Fibonacci ($2,326), a level that has halted declines in the past. There is still a lack of desire to be a seller of gold, given the prospects of further appreciation when the Fed – eventually – starts cutting rates. Fear of a resurgence in geopolitical tensions also continues to limit the downside in gold. However, the bullish drive that was so evident in the first quarter of the year has started to dissipate. The path of least resistance remains higher, but it is becoming more laboured, with tougher and more frequent levels of resistance. XAU/USD will likely remain volatile in the coming weeks as more insight into the path of interest rates is sought. The US PCE index released later this week could offer some momentum, especially if the data deviates from what’s expected. Further Fedspeak will also continue to determine the direction for the precious metal. Technically, the daily chart shows that XAU/USD is primed for another rally as the RSI rebounds from just below 50. The support from Fibonacci has offered buyers a new chance to push higher but there is some resistance in the short-term. The 20-day SMA, currently at $2,351, has moved back above the price, which may suggest some continued weakness over the next few days. Any correction is likely to remain superficial as long as XAU/USD holds above $2,300. by CapitalcomUpdated 2
Gold longs? Price is currently @ retest level, potentially showing signs of bearish momentum depleting, will gold gain ahead of PCE data? Longby BM_ForexTrader0
Gold is recovering this weekClosing the buying and selling consultation withinside the US marketplace this morning, the arena gold spot rate became round the edge above 2,353 USD/ounce, a pointy boom of nineteen USD/ounce in comparison to the preceding buying and selling consultation last on this marketplace. Qatar`s Ministry of Foreign Affairs protested the huge assault on a refugee camp in Rafah, southern Gaza Strip, simply hours after Hamas forces introduced that that they'd fired a chain of large-quality rockets into Tel Aviv and the Central region. Israel. Qatar stated Israel's modern-day assault on Rafah may want to avert mediation efforts to attain a ceasefire settlement and change hostages with Hamas forces. Experts say that escalating geopolitical tensions will nonetheless help gold charges to boom withinside the quick term. However, traders ought to additionally be cautious, due to the fact while it increases "hot" because of geopolitics, it'll calm down quickly. Furthermore, withinside the ultimate 2 days of the month, the marketplace will get hold of a few financial records from the US, that may positioned stress on gold charges.by NicoTradingMaster2
USOIL, dailyOil prices remained stable after a significant weekly decline, with attention on the upcoming OPEC+ meeting and the start of the US summer driving season. OPEC+ is expected to extend supply cuts into the second half of the year to counteract high U.S. output and support international crude prices. The decision to hold the OPEC+ meeting online suggests a continuation of existing policies without major changes, aiming to maintain current quotas and support crude prices. Strong US demand ahead of the Memorial Day weekend, indicated by record flight activity and robust gasoline demand, is expected to provide support to oil prices. Despite geopolitical risks and OPEC+ production cuts, oil futures have decreased since mid-April as concerns about Middle East conflicts disrupting oil flows have eased. On the technical side, the price has re-entered the trading channel between the $77.50 - $79.50 area and is currently testing the area of the 20-day moving average. The scenery is kind of mixed since the Stochastic oscillator is not indicating any overbought or oversold levels while the moving averages are not pointing to any direction in the short term. The 50-day moving average is trading above the 100-day line while the 20-day has crossed below the 100-day in the previous week. On top of everything the Bollinger bands have contracted greatly in the last 5-6 sessions hinting that volatility is dried-up therefore the most probable scenario for the coming sessions is for the trading range to continue until there is a new catalyst in the market for crude oil. by Exness_Official0
XAU increased slightly in the Asian session this morningClosing the trading session in the US market this morning, the world gold spot price was around the threshold above 2,353 USD/ounce, a sharp increase of 19 USD/ounce compared to the previous trading session closing in this market. Qatar's Ministry of Foreign Affairs protested the massive attack on a refugee camp in Rafah, southern Gaza Strip, just hours after Hamas forces announced that they had fired a series of large-caliber rockets into Tel Aviv and the Central region. Israel. Qatar said Israel's latest attack on Rafah could hinder mediation efforts to reach a ceasefire agreement and exchange hostages with Hamas forces. Experts say that escalating geopolitical tensions will still support gold prices to increase in the short term. However, investors should also be cautious, because when it increases "hot" due to geopolitics, it will cool down quickly. Furthermore, in the last 2 days of the month, the market will receive some economic information from the US, which could put pressure on gold prices.by NicoTradingMaster2
Gold ''Short" termGold has shown signs of momentum changing to the downside for the time being. The higher time frames suggest so. I have taken short position to the downside.Shortby The90sTrader114
XAUUSDPatiently waiting for confirmation for a breakout of either towards the bullish or bearish movement.by im_kurt_mkg0
Long positionBuy limit at 38.2 - 61.8 Fibo. Price 4.15 and 4.55. SL 3.99 TP 5.2 and 6.2Longby UK_LEE1
Gold may also test 2370 before moving lowerGold may also test 2370 before moving lower After GOLD tested 2326 we saw a small correction to 2358. It looks like a small correction overall and the chances of the price going up to 2370 before moving back down are still high. In this way, the price can form a normal retest of the structure before moving lower. However, caution is required as at this moment the price may also move down from the market price. It's not clear as the US market was closed for a long weekend and we can never know how it might react during the opening hours. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuni1118
TFEX S50 : Swing TrendTFEX S50 : Swing Trend Case Study : Entry short when the price moves up to the resistance level and makes a Reversal Pattern. When the Minor Trend returns to Down Trend Bias, aligned with the Primary Trend, it is the entry point for a Short Position. So can take profit at the support Poc of Regression Trend Line.Shortby CoachGoii_SuperTrader11
XAU/USD 28 May 2024 Intraday AnalysisH4 Analysis: -> 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 now printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. Conversely, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high 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 a bullish iBOS aligning itself with swing structure. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. M15 Chart: by Khan_YIK3
XAUUSD SHORTIm looking short on XAUUSD , After impulse move market in consolidation ..., Sell stop placed below last LOW.., If any suggestion please comment belowShortby suru0001
XAUUSD Gold 28/05Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure Demand Zone RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frameby ForexDetective6
Gold Buy (56pips)Gold created a bullish market structure yesterday, we now find it retesting down for a potential move to the upside again. Price Action is observed, this is only a trade idea. Use proper risk management. Happy Trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY Longby PLETHORAFOREXINSTITUTE227
NATGAsOn H4 chart it give us head and shoulder pattern we wait for a breakout for confirmation Shortby Dee95492210
XAUUSD 28/05/2024Macroeconomic News: Gold (XAU/USD) prices increased in early Asian trading on Tuesday, supported by a weakening USD and safe-haven flows amid escalating geopolitical tensions in the Middle East. Traders will be closely watching the US Conference Board Consumer Confidence Index and speeches by Fed officials such as Neel Kashkari, Mary Daly, and Lisa Cook on Tuesday. Key US inflation data, specifically the Core Personal Consumption Expenditures (PCE) Price Index, is set to be released on Friday. Hawkish comments from Fed officials and any signs of persistent inflation could prompt traders to reassess expectations of Fed rate cuts, thereby supporting the USD and exerting selling pressure on gold prices. Technical Analysis: Gold prices currently maintain a long-term positive outlook. On the 1-hour chart, the precious metal retains its upward momentum, trading above the 100-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) hovers around the neutral 50 level, indicating a balance between buying and selling pressures, which could lead to consolidation or a lack of clear direction. The immediate resistance for gold is at the upper band of the Bollinger Bands at $2,430. Surpassing this level could attract buyers towards the all-time high of $2,450 and then the psychological level of $2,500. On the downside, the initial support is at $2,300. A break below this level could see gold decline to $2,268 and subsequently to the 100-day EMA at $2,220. by frank_mm11020