Gold: One Last ClimbGold has slowed its newest upward move, but we assume the precious metal will not give up. Indeed, we expect it to realize even stronger (corrective) gains up into our turquoise Target Zone between $2510 and $2631 to finish the turquoise wave B. However, the turquoise wave alt.B could have already concluded below our Target Zone. In this 40% likely case, the price would fall directly below the support at $2285 (without reaching the Target Zone).
Gc1!!
GOLD Price Rides High on Fed Speculation as Market Awaits Datas🟡 The price of gold is riding high on the back of dovish Federal Reserve expectations, a trend that is gaining momentum during the US Independence Day holiday. This bullish rally is likely to see exaggerated movements due to low market liquidity and repositioning by traders ahead of the critical US Nonfarm Payrolls data set to be released on Friday.
As gold continues its upward trajectory, we have identified a significant supply area where price movements could see a reversal. Over the past decade, this particular period of the year has consistently shown a bearish seasonality for gold prices. This historical trend suggests that despite the current bullish momentum, a downturn may be on the horizon.
In preparation for this anticipated shift, we are setting a pending order in the supply area with the intention to short gold in the near future. This strategy aims to capitalize on the expected seasonal decline, leveraging the supply area's historical significance and the current market dynamics influenced by Federal Reserve policies and upcoming economic data.
Our analysis indicates that while gold's bullish rally may continue in the short term, the confluence of historical seasonality and key economic data releases presents a compelling opportunity for a well-timed short position. By closely monitoring these factors, we aim to optimize our strategy and maximize potential returns as market conditions evolve.
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GOLD → From rally to consolidation. Rest before NFP...FX:XAUUSD strengthens on the back of Powell's comments. Light positive notes lead to DXY sell-off and a small rally of XAU to 2364. Today is a day off in the US and tomorrow is NFP.....
It's a day off in the US and there is no liquidity. There may be high volatility during trading, but the movements may be weak. Locally, the price is testing resistance and liquidity area. Within a strong distribution there are not many chances to break through the mentioned area. Most likely the formation of a correction, and local bearish patterns appear on the chart, which may lead to a correction in order to gather energy before tomorrow's NFP.
Resistance levels: 2364, 2375
Support levels: 2353, 2341
Technically, a false breakout after distribution is forming. There is no potential to go up now. High probability of correction or consolidation.
Regards R. Linda!
GOLD → A change in mood amidst the comments and newsGOLD is testing the previously broken channel boundary. The market maker is driving the price into the liquidity area before the strong news. Powell corrected the direction a bit within yesterday's speech
The chance of a September interest rate cut rises after Fed Chair Powell acknowledged progress on disinflation. Jeremy reverses course slightly to dovish. Markets are awaiting the release of the minutes of the latest FOMC meeting (due later today) to get more information on the Fed's next steps. The regulator needs more data before it can start cutting rates.
Data from the US labor sector is also in focus:
All eyes now turn to ADP's US employment change report after JOLTS showed a rise in job openings on Tuesday.
The next important event for the gold price remains the minutes of the June 11-12 Federal Reserve meeting, which could shed light on the central bank's outlook on rates and inflation, having a significant impact on the value of the U.S. dollar and the gold price.
Resistance levels: 2346, 2352, 2363, 2380
Support levels: 2341, 2328, 2319
Technically, we have buyers appearing on the local change of fundamental background. The bulls are winning within the consolidation. There is a possibility of strengthening, but we should pay attention to the news....
Regards R. Linda!
GOLD has rising technical conditions, geopolitical risksDespite the increase in the US Dollar and US Bond Yields, spot gold prices still increased by nearly 32 USD in yesterday's trading day, currently reported at about 2,360 USD/ounce.
Data released by the US on Thursday showed that the number of initial applications for unemployment benefits in the US in the week to June 15 was 238,000, compared to the previous forecast of 235,000.
The number of new homes built in the US in May fell to the slowest level in four years as rising interest rates weakened the housing sector's growth momentum earlier this year.
Data showed new home construction in the US fell at an annual rate of 5.5% in May, compared with expectations for a 1.1% increase. In addition, the total number of construction permits in the US in May was 1.386 million, lower than the expected level of 1.45 million.
Data last week showed labor market and price pressures were easing, while weak retail sales data released on Tuesday showed economic activity remained sluggish in the second quarter.
According to data from CME Fed's "FedWatch," traders currently see about a 64.1% chance that the Fed will cut interest rates in September. Because gold does not yield interest, interest rates are falling, reducing the opportunity cost of holding gold and driving up gold prices.
Rising geopolitical risks have fueled gold's bullish trend. Tensions are rising in the Middle East as Israel threatens to attack Lebanon. Combined with the recently signed agreement between Russia and North Korea through President Putin's state visit, this could increase the appeal of gold as it increases geopolitical risks in the region. , is currently trading near key resistance levels reported to readers in yesterday's edition.
Gold is still rising on safe-haven demand as global geopolitical threat levels rise again and global powers move troops on the global strategic chessboard.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold is temporarily limited by key resistance that readers noticed in yesterday's edition after gold moved above the EMA21 level and broke out of the price channel.
The current $2,364 technical level is the nearest notable resistance and once it is broken gold has the wherewithal to head for a new bull run with a near-term target of $2,400 raw price.
On the overall technical picture, gold is technically well positioned to rally with the nearest support noted by the EMA21 level, the 0.236% Fibonacci retracement, and the $2,345 technical point as previous resistance for now. is to become support.
During the day, gold's technical outlook supports the possibility of price increases with notable technical levels listed as follows.
Support: 2,345 – 2,340USD
Resistance: 2,364USD
🪙SELL XAUUSD | 2400 - 2398
⚰️SL: 2404
⬆️TP1: 2393
⬆️TP2: 2388
🪙BUY XAUUSD | 2329 - 2331
⚰️SL: 2325
⬆️TP1: 2336
⬆️TP2: 2341
GOLD → 2319 keeps the market from falling, but for how long?FX:XAUUSD GOLD is still consolidating within the local range of 2340 - 2320, which is formed after breaking a strong trend line support. The dollar index is still heading northward
Gold is still unable to break downside resistance, as well as forming price consolidation below previously broken support. The key risk zone on which the bulls put so much is 2319-2320. A breakdown and consolidation of the price below this line may trigger a rally to 2290-2275.
All eyes are on Fed Chairman Jerome Powell's speech today at 13:30 GMT
The recent rise in gold prices can be attributed to lower US Treasury yields as traders resort to profit taking ahead of important US events. ISM, FOMC, NFP are ahead, but the fundamental background for gold is still weak and buyers do not believe in upward movement yet.
Resistance levels: 2332, 2341
Support levels: 2319, 2306, 2297
Technically, a bearish pattern is developing on the senior timeframe, unless Powell says something unpredictable today, the general background will remain the same, which will be favorable for further price decline to these areas.
Regards R. Linda!
Turbo Tuesday's So we are heavily bullish and in this scenario I like to see a retracement around NY that will enable me to start looking for my entry model that will Target the BSL that is marked.
Pretty simple today...
I have a 1hr fvg that I would like to be respected meaning 1hr candle closes above the discount of the FVG.
If before NY we take out the BSL marked I will update here..
GOLD → Countertrend correction or consolidation before a fall ↓FX:XAUUSD has been updating the local minimum since the opening of the session and confirms the bearish nature of the market. The price is heading towards the area of interest and liquidity before a possible decline
Today the focus is on the news: S&P PMI, ISM. Traders are expecting relatively warm data, but, at the moment, everything revolves around the perception of inflation news regarding the inflation itself in the Fed's further view on monetary policy. High volatility is possible.
Technically, on D1 gold is trading in bearish territory and at the moment, after updating the local low, the price is heading towards the liquidity zone, from which the sell-offs may increase. There is a possibility that before further decline the price may go deeper, for example, to test the imbalance area, as well as the previously broken channel boundary (liquidity capture).
Resistance levels: 2332, 2341, 2346
Support levels: 2325, 2315, 2306
It is possible that the situation may change, as traders are overreacting to inflation-related news, but at the moment, on the high timeframe is formed exclusively bearish setup on the negative fundamental background.
Regards R. Linda!
Gold & Silver Build Momentum Into A New Rally PhaseAre you following my videos/research? If not, pay attention.
Gold and Silver will start to build momentum over the next few weeks - eventually moving 5 to 12% higher before mid-September.
This is a huge move for metals and will prompt Gold to attempt a rally toward $2750 while Silver attempts to rally above $32 - possibly targeting $34.
The dynamics of the global markets and the pending US POTUS elections will continue to drive global traders harder into precious metals as a hedge.
Nothing has changed.
The only thing that is new and taking place right now is the pause in metals is nearing an end point - which means we shift into bullish trending again.
Get ready - here we go (BULLISH)
GOLD → Further direction depends on PCE and traders' perceptionsFX:XAUUSD strengthens on the news as traders took it as a possible easing of inflation. The dollar under pressure is favorable for gold.
Ahead of the core PCE, traders expect inflation to ease from 2.8 to 2.6
If inflation data points to a slowdown in inflation, the gold price is likely to recover as the US dollar will be under strong selling pressure. This fact could be a kind of signal for a possible interest rate cut in the US in the fall (which everyone is waiting for). On the contrary, the US dollar may continue to strengthen and put pressure on the gold price if the data is unexpected....
On Thursday, mixed data on the growth of the US economy, put downward pressure on the US dollar. This helped the gold price to strengthen to 2330.
Technically, the price is testing the liquidity area where the bears may enter the fray. A false breakdown of the previously broken channel boundary may lead to another selloff.
Resistance levels: 2340, 2352
Support levels: 2332, 2319
Gold is currently in the selling zone and traders do not believe in the possible growth, the priority is to consider the price decline, but do not rush to conclusions ! Ahead of the news, a change in the fundamental environment will attract investors and we may see a breakdown of 2340 and growth to 2360, but if the fundamental background does not change, an impulse to 2300 may be formed.
Regards R. Linda!
XAUUSD One last bearish leg left. 1D MA100 calling.Two weeks ago (June 18, see chart below) we made a comparison on Gold's (XAUUSD) 1D chart with the Channel Down of January - February, calling for a final Low on the 1D MA100:
It appears that we are about to complete the final stage of this Bearish Leg (D), and within 5 trading days, make that 1D MA100 contact. However due to the less aggressive nature of the current Leg, we update our Target from 2260 to 2270.
The cyclical sequence of the 4H RSI however, indicates that we may be forming a bottom sideways, using the 4H MA50 (blue trend-line) as a pivot, so if instead the price closes above the top (Lower Highs trend-line) of the Channel Down and enters the upper region of the Rectangle, we will invalidate our 1D MA100 bias.
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GOLD approaching 2,340USD, technical outlook analysisOn Thursday (June 20) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price once approached the mark of 2,340 USD/ounce, increasing nearly 11 USD during the day.
Regarding basic content, there is currently no sudden impact on the market. Earlier Data released on Tuesday showed US retail sales barely grew in May, with last month's data revised down sharply, suggesting economic activity remained sluggish in the second quarter.
CME's FedWatch tool shows that the likelihood of the Fed cutting interest rates in September increased slightly to 64.1% from 61% a day earlier.
In terms of the overall fundamental picture, the main factor shaping the gold price trend remains the market's expectations for the Federal Reserve's monetary policy. Although gold prices have increased, the current trend is still unclear because the market is waiting for more decisive news. The basic principle is that lower interest rates reduce the opportunity cost of holding non-interest-bearing gold, meaning gold prices will benefit when interest rates are lower or expectations of interest rate cuts become stronger.
The market is expecting at least one interest rate cut from the Fed. The value of the US Dollar has been fully valued in this. So unless this changes significantly, gold prices are expected to remain supported for a long time to come.
However, with a trading week that sees little major macro data, the immediate focus will be on US weekly jobless claims data on Thursday and preliminary PMI figures on Thursday.
Analysis of technical prospects for OANDA:XAUUSD
Gold is still maintaining its recovery momentum from the $2,300 level and is now once again testing the technical confluence that is the pressure sent to readers in previous publications in the $2,340 - $2,345 area. This is the price area of the 0.236% Fibonacci retracement level, the 21-day moving average (EMA21) and the upper edge of the trend price channel, horizontal resistance of 2,345USD.
As long as gold remains below EMA21 and within the price channel, the technical outlook remains more bearish.
On the other hand, if gold falls below $2,324 it will continue to tend to retest the $2,300 - $2,305 area in the short term.
Next, a new bearish cycle will be ushered in once the $2,300 level is broken below.
It is worth noting that in case the gold price moves above the EMA21, breaking the price channel, the bearish outlook will no longer be positive, but instead the increase could head towards 2,364USD in the short term and more than that. original price 2,400USD. So, for open short positions should be protected behind EMA21, after the $2,345 level is broken.
During the day, the technical outlook for gold prices leans to the downside with the following technical levels noted.
Support: 2,324 – 2,305 – 2,300USD
Resistance: 2,340 – 2,345USD
🪙SELL XAUUSD | 2356 - 2354
⚰️SL: 2360
⬆️TP1: 2349
⬆️TP2: 2344
🪙BUY XAUUSD | 2304 - 2306
⚰️SL: 2300
⬆️TP1: 2311
⬆️TP2: 2316
GC1! / Gold / Xau - Idea I.Hey Guys…
Yearly Chart: Bullish Engulfing Pattern
2367 and 2283 are important Yearly FIB levels to watch
Above we find 2485 and 2543
Below we find 2230 and 2150
Quarterly Chart: Bearish Star?
-> Q3 will tell.
-> Stochastics at level 90
monthly: a little weakness after the Rallye - 2 Stars and an Inside Bar - Stachastic is OB and turning.
Will be happy to take a reversal if the signal occurs (using a trading system)
3D: Bullish breakout is generally to be expected. = Neutral to Bullish
GOLD recovers from $2,300, limited with main trendOANDA:XAUUSD recovered after falling to $2,300/ounce and rebounded to operate around $2,330/ounce. The yield on 10-year US Treasury bonds remained below 4.3% after the latest US data, helping gold prices rise on demand after the US Dollar weakened.
OANDA:XAUUSD rose Tuesday after U.S. economic data showed a weaker-than-expected retail sales report led to curbs on consumer spending. This suggests the Federal Reserve could begin its easing cycle this year.
The US Department of Commerce released retail sales data for May that improved compared to April. This data revived investors' hopes for an interest rate cut after the Fed signaled at its meeting. most recent meeting that current monetary policy is appropriate.
Other data showed industrial production improved in May but was revised downward in April.
In addition to economic data, Fed officials also speak at press conferences
• New York Fed President John Williams said interest rates will gradually decline if deflation continues toward the Fed's annual core inflation target of 2%. While dodging questions about a September rate cut, he added: "I think things are moving in the right direction."
• Richmond Fed President Thomas Barkin appeared cautious, saying he would need to see more data before easing policy. Later, Boston Fed President Susan Collins said she would not be enthusiastic about improving inflation data, adding that now is not the time to cut interest rates.
• New St. Fed President Louis Alberto Mussallem said he needs to see how the deflation process progresses before voting to cut interest rates. He added that he favors raising interest rates if inflation stops, even though that is not his baseline forecast.
While most policymakers are neutral, US Treasury yields reflect investors starting to evaluate a rate cut. The yield on 10-year US Treasury bonds fell to 4.219%.
In addition to factors such as Macro Data and Fed officials, readers also need to pay special attention to issues such as geopolitical conflicts and precious metal trading activities of leading central banks, which This idea is always reminded through every publication sent to you.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold again recovered from the bearish price target area noticed by readers in previous publications at the support area of 2,305 – 2,300 USD.
However, the recovery momentum is always limited by the resistance confluence created by EMA21, the 0.236% Fibonacci level and the upper edge of the price channel with the technical point 2,340 - 2,345USD.
As long as gold remains below the EMA21 and within the price channel, its technical outlook remains bearish with the condition that a new bearish cycle will be ushered in once the $2,300 raw price level is broken below then target level. The target will be around 2,286 USD in the short term, more than the 2,272 USD price point of the Fibonacci 0.382%.
During the day, the technical downtrend of gold prices will be noticed by the following price levels.
Support: 2,324 – 2,305 – 2,300USD
Resistance: 2,340 – 2,345USD
🪙SELL XAUUSD | 2351 - 2349
⚰️SL: 2355
⬆️TP1: 2344
⬆️TP2: 2339
🪙BUY XAUUSD | 2299 - 2301
⚰️SL: 2295
⬆️TP1: 2306
⬆️TP2: 2311















