WTIWTI analysis 1 hour time frame The price can fluctuate between the ceiling and the floor of the specified areasby m0neyminer1
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 price remains positive on the daily chartFundamental Slower US GDP growth and rising unemployment claims weaken the Greenback. Traders eye April’s PCE inflation data, which could dictate XAU/USD’s direction. Traders are anticipating the release of April’s Personal Consumption Expenditures (PCE) Price Index, which is the Fed’s preferred measure of inflation. The core PCE figure is expected to be 2.8% YoY, while the headline PCE is projected to increase by 0.3% MoM. In case of the hotter-than-expected inflation data, this might provide some support to the Greenback and cap the upside for gold price. Technical Gold price remains positive on the daily chart. The price bounced from 2320 yesterday. The Kijun Sen is flat, indicating that the price may move towards it. Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already longfrom $2340 and placed my stop-loss in the profit zone. Longby HarusakiUpdated 8
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
TODAY GOLD SELL AREAHey there on 4hTF the Gold has looking forward to be retest 2350 and 2355 So we can observe that Gold has returned back from 2350 and next target is 2300Shortby DvsTraderfirm3
$XAUUSD - Today’s Setup - 31/05Good morning Traders 😎 This is my setup for today 🙌🏻 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit that BOOST button if you like the idea 👍 Share these 👉 and make sure to Follow me for your daily dose of gold trading analysis! 💯 Remember, always conduct your own analysis before jumping in. No financial advice here.by alexm10112
#ES_F Day Trading Prep Week 5.28 - 5.31Last Week : Last week Market opened over VAH and spent all week building Supply over it, as discussed in Sunday Prep since we were at ATH with no over hang we needed to wait for Supply to build up for any meaningful back fill of previous areas and that 5341 - 5290 might be our Range where price will want to stay around and keep returning into for some time while it builds that Supply. On Thursday we ended up pushing inside the Edge but failed to find acceptance in it and the push back out gave us the flush of the inventory filling the buyers into the Value, even with how strong the move looked with break/hold under Key Support on Friday Globex failed to hold under it and we found our way back inside 5341 - 5290 Range where we were able to push back into the Means for the Range where we closed the week in VAH. This Week : Few things this week, we have Month End, Settlement changes from T2 to T1 which we don't know just yet how that will impact the trading and we had Holiday yesterday which pushed us over VAH and we are again building up Supply over it. For now we are inside T2 Range which was Thursday I believe the change goes in effect Today or this week, we are right around Previous Days Range and 5341 - 36 already showed us this morning that it's acting properly as good Resistance. So far going into this week Thursdays flush showed us that don't have stronger buyers up here just yet who want to keep paying over Value and keep pushing us into new range above and that even with strong flush we didn't have enough Supply to accept under 5295 - 90 to continue filling more buyers into VAL. This tells me again that market may want to stay in this 5341 - 5290 Intraday Range and balance around it, we have to be ready to spend quite a bit of time in these areas and trade around them until market will show us clear acceptance and intensions of moving Ranges and that can take some time because we are in a Key Spot on higher time frames we are at tops of Daily/Weekly Balances without finding acceptance above and without having the Supply just yet to move under the Middle of those balances which is around the 5290-80s area. Plan is to continue trading 5341 - 5290 Range level to level just like last week with moves out of its 5324.75 - 20.75 // 5310.50 - 06.50 Means and then returns back towards/inside them. Failures to accept over 5341 - 36 will likely find their way back to/under 24.75 - 20.75, pushes under 5310.50 - 06.50 could also be absorbed under and find their way back to/over 10.50 - 06.50 and inside the Means we could balance. We are in lower volume times so also have to give time for the moves to properly set up and be ready to correct back. Levels to watch : Current Range 5341 - 5290.25 5341 - 36 Key Resistance 5324.75 - 20.75 // 5310.50 - 06.50 Means for the Range 5295.50 - 90.25 Key Support If Accept over 5341 - 36 next Range 5386.50 - 5336 5356 - 52 // 5370.50 - 66.50 Means and Edge Top 5386.50 - 81.50 Key Resistance If Accept under 5295.50 - 90.25 lower Range 5295.50 - 5244.75 5279.25 - 75.25 // 5264.75 - 60.75 Means and VAL 5249.75 - 44.75 Key Supportby HollowMnUpdated 1
XAUUSD - Bullish Reversal PatternAs the chart is indicating the double bottom reversal pattern and there is also a divergence.Longby mhamzasaeedm1
Gold 31/5/24 consolidatingGold 31/5/24 consolidating No break above 2364 continue to shortby GoldInsightsHubUpdated 2
xau short looking goodretest strat, on resistance. news not the best for market, likely retest back down abit. Shortby FormedzeusUpdated 1
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
XAU/USD INTRADAY BULISH IDEAHawkish FOMC minutes deliver a harsh dose of reality Gold on track for largest weekly drop since December XAU/USD daily chart highlights negative divergence as bullish momentum wanes Gold market trading involves a thorough understanding of the fundamental factors that determine gold prices like demand and supply, as well as the effect of geopolitical tensions and war. Find out how to trade the safe haven metal by reading our comprehensive guide:Longby mqaisar144221
gold biasit has been a very slow day but we have high volume news coming during NY session. with that said i anticipate gold to push higher provided that the news a negative which would also align with DXY currentlyLongby BM_ForexTrader1
Triangle on GoldWaiting for inflation reports today then Gold should break out the triangle Up or Downby Al-Waseem1
XAU/USD BUY CLOSE 60+ PIPSGOOD DAY TRADERS Trade sent yesterday been running in profit. close active trades market will be closed over the weekend to avoid drawdown or stop loss hit.Longby Low-keyFXtrader3
XAUUSD SHORTIM LOOKING SHORT ON XAUUSD , If you have any suggestion please comment below.., Happy tradingShortby AmbadyKJUpdated 2
Gold - UniverseMetta - Analysis#Gold - UniverseMetta - Analysis After the impulse, the price corrected by more than 50%, what can we see in the near future? If we consider a rebound from the level of 2324, we can consider buying from the level of 2355 further along the trend to the ATH update. In this case, sales must be refused. and consider a local movement to the level of 2390. To continue the downward movement, you can consider entering from these values, with a short stop on the idea, beyond the buy entry level with a target of 2280. Target 2390 - 2460by Trade-U-Metta3
Gold latest strategy analysis and accurate guidanceCombined with the daily line and the hourly chart trend, the short line interval temporarily looks at 2350-2330, focusing on the competition around the 4-hour medium track 2347, which is the short line long and short divide. Radical can be carried out around the above short range between the cells, and the moderate can be involved around the above large range. The specific point is mainly real-time on the disk Gold Recommendation: Long stop loss around 2330-2332 below 2325 I hope my analysis and advice will help you, and you can follow me if you need toby Trade-reaperUpdated 1
Good analysis and strategy, hope to help you!Gold yesterday in the strategy, do not chase more beware of high fall, but the actual rebound strength is weaker than expected, yesterday after a small high open blocked 2364 after the shock fall, all day weak no rebound, the day closed large Yin, proof that the day Yin bao Yang short-term rebound end, the market will continue last week weak shorts, re-challenge 2325 line support, Today, it is expected that the rebound space is limited, the bullish and bearish divide is in the 2345 line, the whole remains in the key altitude of the 2345-50 region, and the breaking level of 2325 looks at 2316 and 2305, focusing on the breaking situation below. Operation suggestion: Gold 2345-50 area empty, loss 2353, target 2325, break again see 2316, 2305; Below 2325 does not break to see the short-term rebound strength! I hope my analysis and advice can help you, and follow me if you need toby Trade-reaperUpdated 1
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