XAUUSD 15-MINUTES TIMEFRAMEKindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.Shortby MarioSianipar_Updated 10
XAGUSD/SILVER SHORT/SELLHello * Ending diagonal in play * 5 waves complete * 15 min Order block 30.997 price level * MACD DIVERGENCE Entry: 32.250 Stop loss: 33.000 Take Profit: 30.900by PIPPINTRADERUpdated 2218
Closing my Selling order / #45 Profits rowAs discussed throughout my yesterday's session commentary: "I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle." I have closed second Selling order (#2,344.80 - #2,330.80) on a fine #14-point run and coupled with yesterday's #12-point Profit, I have extended my total Profits row on #45 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders who re-Sold Gold with me, well done! Technical analysis: Gold continues to Trade within healthy Daily chart’s Descending Channel, holding tightly the #2,327.80 - #2,332.80 pressure point as an Support zone (see how it held throughout today’s session on the exact spot, as well holding and untouched in #1-Month base). Assuming that the Selling pattern continues, then the current market sentiment represent an additional solid Selling opportunity towards the #2,300.80 extension (taken from mid-April Annual High’s), as recession sentiment is slowly fading so safe-haven assets such as Gold (which were in High-demand) should suffer as Investors are slowly losing interest which should add strong Buying pressure on Bond Yields and DX (my strongest correlations at the moment). There is however only one Resistance line left towards #2,372.80, which is currently Trading on #2,356.80 configuration (slim chances). I’ve been highlighting the #2,300.80 potential, and I assume with current market overview, Gold may test it within early next week's phase and sole reason why Gold isn't already Trading below it is mixed numbers on DX. After the Higher High’s Lower extension test it is pure speculation where market will be headed next, however my Technical estimates show (according to Weekly chart’s (#1W) historical resemblance / Bear cycle) that correction process on Gold is over and multi-Month Selling sequence will continue towards #2,200.80 benchmark first and #2,152.80 in extension (more Medium to Long-term). My position: As it is Friday's session and as I am more than satisfied with my Trading results, I will not assume more orders for the session and take early weekend break.Shortby goldenBear88118
SILVER Will Fall! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 113
Closing my Selling order / #45 Profits rowAs discussed throughout my yesterday's session commentary: "I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle." I have closed second Selling order (#2,344.80 - #2,330.80) on a fine #14-point run and coupled with yesterday's #12-point Profit, I have extended my total Profits row on #45 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders who re-Sold Gold with me, well done! Technical analysis: Gold continues to Trade within healthy Daily chart’s Descending Channel, holding tightly the #2,327.80 - #2,332.80 pressure point as an Support zone (see how it held throughout today’s session on the exact spot, as well holding and untouched in #1-Month base). Assuming that the Selling pattern continues, then the current market sentiment represent an additional solid Selling opportunity towards the #2,300.80 extension (taken from mid-April Annual High’s), as recession sentiment is slowly fading so safe-haven assets such as Gold (which were in High-demand) should suffer as Investors are slowly losing interest which should add strong Buying pressure on Bond Yields and DX (my strongest correlations at the moment). There is however only one Resistance line left towards #2,372.80, which is currently Trading on #2,356.80 configuration (slim chances). I’ve been highlighting the #2,300.80 potential, and I assume with current market overview, Gold may test it within early next week's phase and sole reason why Gold isn't already Trading below it is mixed numbers on DX. After the Higher High’s Lower extension test it is pure speculation where market will be headed next, however my Technical estimates show (according to Weekly chart’s (#1W) historical resemblance / Bear cycle) that correction process on Gold is over and multi-Month Selling sequence will continue towards #2,200.80 benchmark first and #2,152.80 in extension (more Medium to Long-term). My position: As it is Friday's session and as I am more than satisfied with my Trading results, I will not assume more orders for the session and take early weekend break. Shortby goldenBear888
NATURAL GAS Rejection at the top of the Falling WedgeNatural Gas (NG!) hit last week the top (Lower Highs trend-line) of the long-term Falling Wedge pattern that started on the April 10 2023 Low and was immediately rejected back to the 1W MA50 (blue trend-line). As long as it holds, this rejection indicates that technically, the new Bearish Leg should start. Our Target is 1.550 (just above Support 1). If however the trend reverses and gives a candle closing above the Lower Highs, we will take the sell's loss and buy instead, targeting 3.300 (projected 1W MA100 extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShot5
GOLD Rebounds as US Growth Slows: Detailed AnalysisGold experienced a notable rebound on Thursday after the second estimate of US first-quarter GDP growth revealed a downward revision to an annualized 1.3% from the initial estimate of 1.6%. This revision reflects weaker consumer spending, which has important implications for inflation and monetary policy. The slower GDP growth is attributed to a decline in consumer spending, a critical component of economic activity. This deceleration is expected to help contain inflationary pressures, thereby influencing the Federal Reserve's (Fed) policy trajectory. As a result of these developments, market participants now anticipate a more dovish stance from the Fed, potentially leading to lower interest rates in the near future. The impact of the revised GDP figures was immediately felt in the bond markets. The yield on the US 10-year Treasury note, which had reached a four-week peak of 4.63%, retreated to 4.55%. This decline in yields made the US Dollar less attractive, providing support for gold prices. From a technical perspective, our analysis aligns with previous forecasts that anticipated a bullish impulse for gold. The price action is currently finding significant liquidity from key demand areas, suggesting that the market is preparing for a further upward movement. Our initial target remains at $2,400, based on the technical signals and market conditions. The footprint analysis reinforces this outlook. It shows that gold prices are drawing liquidity from the demand zones established in the previous trading sessions. This accumulation of liquidity is a positive sign, indicating that buyers are stepping in at these levels, thus supporting a higher price trajectory. In summary, the combination of weaker-than-expected US GDP growth, reduced consumer spending, and declining Treasury yields has created a favorable environment for gold. The technical indicators also support a bullish outlook, with the price action confirming our expectations of a continued upward trend. Investors should monitor upcoming economic data and Fed communications for further insights into the potential direction of gold prices. Gold Futures H4 Footprint Gold Futures Daily Footprint ChartLongby FOREXN1229
XAUUSDXAUUSD has swept the sell side liquidity now heading for the swing highs. Price did a market structure shift and price has rested to the unfilled 4hr fair value gap and closed above it indicating a strong Buying power.Longby BigBenCapitals9
OIL: First red day on the backside moveHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ Day 2 cycle Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day ✅ First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump ✅ Dump&Pump Frontside Backside ✅ 4. THESIS: Long: secondary, I could see Wednesday as a dump day pulling back above the opening range high, for a long trade back to the high of week, however, considering the market on the backside move, I will be willing to put more size into the short scenario. Short: primary, first red day, market on backside, Monday to Wednesday pump, by tomorrow Oil can definitely have a good chance to reach the LOW Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Shortby GianniPichicheroUpdated 4410
S50 TFEX SignalS50 TFEX has down line at 820 if 1) break this value (820) with high volume & dark cloud cover candle = continue short 2) just morning star, Doji or low volume may this point is lowest of this round, please see next candle in next week.... May the wealth be with you!!! Shortby traderwaveRider2
Daily live trade with XAUUSD in 15m/30m/1h 20240531Daily live trade with XAUUSD in 15m/30m/1h 20240531Longby tradermongolia3
check the trend According to the behavior of the price in the current resistance range, possible scenarios have been identified. As long as the price does not stabilize above the 100% level, there will be a possibility that the correction process will continueby STPFOREX2
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
Gold price continues to decrease, strategy to sell todayWorld gold prices remained stable this morning as traders focused on the Personal Consumption Expenditures Price Index (PCE) report, the FED's preferred inflation measure, expected to be released this evening. can provide a more specific view on the timing and extent of interest rate cuts by the FED this year. According to financial and securities market analysis site MarketWatch, inflation will increase by 2.7% over the same period last year. If this forecast is correct, it means that April inflation remained unchanged compared to March, that is, this inflation level is still much higher than the FED's 2% target. A weaker dollar, lower yields and the recent stock market sell-off have provided bullish momentum for gold, said Kitco senior analyst Jim Wyckoff. Regarding the outlook for precious metal prices, experts say that, along with central banks continuously adding gold to their reserves, demand from Chinese investors will continue to increase in the near future. coming will bring solid support for gold.Shortby FalCol_TradingMasterUpdated 4
"HOT UPDATE: XAUUSD MODESTLY RISES, US PCE DATA ATTRACTS ATTENTIWelcome investors to today's market update, where we will delve into the developments of the XAUUSD forex pair. The XAUUSD currency pair is drawing special attention from the Forex trading community. Meanwhile, data on the Personal Consumption Expenditures (PCE) index of the United States is also the focus of the market. XAUUSD has experienced a modest growth phase, with gold prices edging slightly higher against the US dollar. Today, global gold prices have seen a slight increase of 0.11%, equivalent to a rise of 2.62 USD/Ounce. However, the Relative Strength Index (RSI) over the past 14 days fluctuates around the midpoint of 50, indicating a lack of direction in gold prices, with further consolidation seeming favorable. Based on US PCE data, forecasts for the XAUUSD market could see significant fluctuations in the near future. If PCE data exceeds expectations, it may lead to a decline in gold prices due to concerns about the Fed possibly raising interest rates sooner than expected. Thank you to our esteemed readers for following today's world gold bulletin. Join us as we continue to provide the latest and most accurate information about this market." by Jesscica6
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Just pure perfection on the level to level tracking!!! Yesterday after completing 2361 and rejection we confirmed price was heading towards the 2322 weighted level and also stated that, as long as ema5 remains above 2322, we can use our smaller time-frames and intraday levels to buy dips from this range. - This played out perfectly for the 2322 touch and then the reaction for the buys inline with our plans to buy dips. Price will play between both weighted levels until we see ema5 lock above or below either level to open the next 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 2361 - DONE EMA5 CROSS AND LOCK ABOVE 2361 WILL OPEN THE FOLLOWING BULLISH TARGET 2385 EMA5 CROSS AND LOCK ABOVE 2385 WILL OPEN THE FOLLOWING BULLISH TARGET 2416 BEARISH TARGETS 2322 - DONE EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2290 EMA5 CROSS AND LOCK BELOW 2290 WILL OPEN THE FOLLOWING SWING RANGE SWING RANGE 2274 - 2246 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 GoldViewFXby Goldviewfx2222157
GOLD Trades Idea for Friday 31 May 2024DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 31 May 2024 BUY LIMIT Order: $2333.83 Stop Loss: $2322.41 Take Profit 1: $2345.00 Take Profit 2: $2359.86 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out. Reason The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20% Trade Review For 30 May 2024 Our trade got triggered during the New York session. And we manage to hit take profit 1, let's continue to hold until take profit 2! I shifted stop loss to break even to lower risk. P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R 30 May: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10RLongby Barry_Games_Trading6
NATURAL GAS - IMPORTANT BREAKOUT 📉Hello Traders ! The Natural Gas price failed to create a new higher high ! The higher low (2.543 - 2.570) is broken (change of character). So, I predict a bearish move📉. -------------- TARGET: 2.230🎯Shortby Hsan_BenhmedUpdated 6631
USOIL Trading Strategy: Bullish H1 Candle Confirmation for Buy SIf a bullish H1 candle closes above the 79.10 level, we will initiate a buy position. The stop loss for this trade will be set at 78, while our target is set to exceed 80. This trade setup offers a risk-to-reward ratio of approximately 1.3:1, making it a potentially favorable trade. Longby MrKTechnicalLevels10
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
Gold - LongBulls successfully defended a crucial swing level, and there appears to be a reversal observed in the spinning top candle on the daily. Possible next targets and take-profit zones in this chart where they are sure to meet resistance. Unfortunately, a lot of these movements may happen outside of regular trading hours in the U.S. (for GLD symbols), so trade carefully as invalidation of this will not permit instant stop-losses.Longby Trader-DavesUpdated 2
GOLD - NEW BREAKOUT 📉 As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯Shortby Hsan_BenhmedUpdated 6611
Gold Market Outlook, Golden Bullish Breakout AheadYour analysis of the XAUUSD (Gold) market indicates a current bullish trend with specific targets and support levels. Here's a structured summary of your analysis: 1.Current Trend: Bullish from 2340. 2.First Target: 2425. 3.Secondary Target: If the market moves in the opposite direction and breaks even at 2350, then focus on the next support level. 4.Support Levels: Primary Support: 2360-2365. 5.If the price falls below these levels, the final support point is 2315. Trading Strategy Based on Your Analysis: Bullish Continuation: Entry Point: Around 2340, if the market continues to show bullish signals. First Take-Profit (TP1): 2425. Second Take-Profit (TP2): Depending on market conditions, a secondary TP could be set higher, but specific targets should be reassessed based on market momentum. Risk Management: Stop-Loss (SL): Consider setting an SL slightly below the 2340 entry point to minimize losses if the market reverses. Break-Even Level: 2350. If the price moves to this level, reassess the position and consider adjusting the SL to the entry point to secure a break-even trade. Bearish Scenario: Entry Point: If the price breaks 2350 and shows bearish signs, look for potential short opportunities. First Support Level: 2360-2365. Monitor price action around this zone for potential rebounds or further declines. Final Support Point: 2315. If the price continues to drop, this could be a critical level for potential reversal or further bearish continuation. Recommendations: Continuously monitor market conditions and adjust the strategy as needed. Use technical indicators like RSI, MACD, and moving averages to confirm signals. Keep an eye on economic news and events that could impact gold prices, such as changes in interest rates, inflation data, and geopolitical developments. This structured approach should help in making informed trading decisions based on the outlined analysis.by MrCharlie1Updated 42