GOLD - at resistance ? holding or not??#GOLD.. well guys we have 2368.50 as current resistance area, keep close it. if market hold it then drop expected from here. dont be lazy here. and keep in mind that abnove 2368.50 cutt n reverse is valid on confirmation. good luck trade wiselyby AdilHussain731333Updated 363640
GOLD 4H CHART MARKET UPDATEHey Everyone, Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart. However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross and lock below 2379 opening the 4h swing range, which was also hit today and now testing for support. We are also likely to see our bounce like our 1H chart for a 30 to 40 pip catch. This area is a crucial test of support. A break and lock below the swing range will open the range below or support here will follow with a retest above at 2379. 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 2418 - DONE EMA5 CROSS AND LOCK ABOVE 2418 WILL OPEN THE FOLLOWING BULLISH TARGETS 2438 - DONE POTENTIALLY 2453 BEARISH TARGETS 2400 - DONE 2379 - DONE EMA5 CROSS AND LOCK BELOW 2379 WILL OPEN THE SWING RANGE SWING RANGE 2357 - 2334 - DONE 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 GoldViewFX by Goldviewfx1919121
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, A big move down on gold today from the rejection at 2429. Yesterday we stated we were looking for ema5 to break either 2429 or 2413 level to open the next range. Today we got the break below 2413 opening the full retracement range like we said and this played out perfectly hitting the retracement range. We now also have a cross and lock below the retracement range opening the swing range. We are seeing the first level of the swing range tested now and expect support bounces here. We took buys earlier before the break below and took an SL after a long a time and now will use the dips to manage back. 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 2429 - DONE EMA5 CROSS AND LOCK ABOVE 2429 WILL OPEN THE FOLLOWING BULLISH TARGETS 2442 - DONE POTENTIALLY 2458 BEARISH TARGETS 2413 - DONE 2401 - DONE 2390 - DONE EMA5 CROSS AND LOCK BELOW 2390 WILL OPEN THE SWING RANGE SWING RANGE 2377 - 2355 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 Goldviewfx5656250
The gold selling strategy is still prioritizedHello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will be consistent with our selling strategy. Investors will focus on the first reading of US PMI data for May, on Thursday. But amid overall near-term technical support, I personally believe the dollar index could find support, which could have an impact on gold in particular, until the market finds New reasons to increase prices. Share this idea with your friends and click Boost 🚀Shortby ConanForexUpdated 171743
Hellena | GOLD (4H): Long to resistance area 2404.446.Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_Trade6624
GOLD → The mood has shifted to bearish. A correction?FX:XAUUSD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment. Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback and retest of local areas of liquidity. From 2354 we expect a rebound to the above-mentioned areas and further we should follow the price reaction to the liquidity areas. Initial Jobless Claims and Purchasing Managers' Index are ahead. Traders are neutral towards the dollar, but amid the general policy, the dollar index may get support, which may have a peculiar effect on the gold, until the market finds new reasons to rise. Resistance levels: 2374, 2383, 2397 Support levels: 2354, 2336, 2306 Technically and fundamentally the market is still bullish, but a correction is forming within the uptrend, which may take a little longer. Regards R. Linda!by RLindaUpdated 8849
⭐️ XAU/USD : GOLD's Tradable Key Levels (Important Caption)By examining gold in the 1-hour time frame, we can see that the price experienced a heavy drop after yesterday's analysis, which was due to the fact that the Federal Reserve announced that the interest rate will remain high for a longer period of time! Currently, gold is trading in the range of $2367 and there are very important supply zones in front of it! These ranges are $2371 to $2374, $2380 to $2383.5, $2387 to $2395, $2406 to $2415, $2422 and $2430 respectively! These are the key supply levels of gold that the price can reach in the short and medium term and react! There is a very important liquidity void in the range of $2395.5 to $2405.5, which I believe this FVG will be filled in the short term! The important demand levels are $2351 to $2358, $2328 to $2332, and $2323 to $2327, respectively! Note that you must monitor the price reaction to the mentioned key levels, because all these levels are tradable! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban by ArmanShabanTradingUpdated 131349
Lingrid | GOLD buying OPPORTUNITY following SELL-OFFAs we can see that the OANDA:XAUUSD recent sold-off, where the price surged above its previous high before plummeting, breaking through the crucial support level at 2400. At this point, the market may enter a sideways phase, as the formation of a double top suggests that the bulls lacked the strength to push prices higher. This could be an opportunity for traders who missed the initial bullish rally to go long. The next key support level is 2350, where the price consolidated below for a prolonged period before finally breaking and closing above it. I expect a retest of the resistance zone at 2400 from the support level. However, if the market continues to decline, the next significant support level will be at 2300. My target is resistance zone at 2390. Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻Longby Lingrid6641
Xausud Sales Strategy TARGET 100 PIPSDear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From now until the end of the month, it is likely that gold will continue to decline further because gold investors are still subject to a lot of US economic data being released. Today's trading strategy is "sell when the price tests the previous liquidity zone". Fibonacci 0.618 also points to a pullback of gold at 2398 USD. The downtrend could strengthen further if it receives strong selling pressure from this level. The least expected target on the chart is the 2315 USD area.Shortby ConanForexUpdated 6616
Xauusd confirm signal FOMC Sell Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold now sell 2389 Target 2385 Target 2381 Target 2350Shortby JohnHarry_7Updated 8870
GOLD → Traders don't know what to do. Struggle for 2417FX:XAUUSD is stopping and forming a consolidation between 2400-2450, but at the moment the consolidation resembles a descending triangle. What's going on? The price breaks the local ascending support line in the correction phase, which makes traders panic (some start selling, others start actively buying). But the candlestick setup suggests that the buyer is still in the game. The market maker may shake down to liquidate traders. A retest of 2407-2400-2397 (ascending support line) is possible before further growth. The trend is bullish ( locally and globally ), while the market is waiting for the FOMC speech, which will be held today at 18:00GMT Resistance levels: 2417, 2426 Support levels: 2406, 2400 FOMC comments may warm up the crowd. Gold traders are in neutral stance for now and forming a range due to lack of understanding of the local environment. Consolidation above 2417 will renew the bullish potential. Regards R. Linda!Longby RLindaUpdated 222288
Soybeans: LongToday's session marks the beginning of the second up-wave in soybeans. The ultimate target seems to be around the 1305–1310 level. This move begins now and may possibly extend to the end of June or early July. A wide stop is recommended to allow the trade to play out. A close beyond 1189 would nullify this trade, and losses should thus be taken. Stay tuned for updates.Longby ZAR_Republic773
Gold can continue to decline to support levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some time ago declined to 2157 points, but at once turned around and started to grow inside the upward pennant, where it soon reached the 2280 support level, which coincided with the support area. Soon, Gold broke this level and continued to grow to the resistance line of the pennant, which coincided with the resistance level with the seller zone too, but at once rebounded, after reaching this line, and made a correction movement to support line of the pennant pattern. Next, the price exited from this pattern and fell almost to the support level, where it turned around and started to rise inside the upward channel. In this channel, in a short time rose to a resistance level, and even entered to seller zone, leaving the channel. But a not long time ago Gold turned around and made a strong downward move from the seller zone, making a fake breakout of 2430 level. Now, in my opinion, the price can continue to decline to the 2280 support level, therefore I set my target at this level. Please share this idea with your friends and click Boost 🚀 Shortby LegionQ8335
🥇Gold Analysis🥇➡️RR=2.00✅As I expected, Gold moved towards the 🟢 Support zone($2,373-$2,353) 🟢.👇 🔔I expect Gold to move towards the 🔴 Resistance zone($2,450-$2,426) 🔴 (At least). Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.Longby pejman_zwinUpdated 111127
PMI continues to pressure Gold downward !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of the US dollar, putting downward pressure on gold. Traders will monitor the preliminary reading of the US Manufacturing and Services Purchasing Managers Index (PMI) for May, as a weaker reading could spark hopes of rate cuts by the Fed and support gold prices. Geopolitical tensions, uncertainties, and inflation concerns may also provide some support for gold in the short term. Other factors to watch include the Chicago Fed National Activity Index, weekly Initial Jobless Claims, New Home Sales, and comments from Fed's Bostic. ⭐️ Personal comments NOVA: Gold fell after yesterday's FOMC meeting - quite tough statements on inflation. When the Gold price reaches a new ATH peak, it is obvious that a downward adjustment will create more liquidity for the market, the price will continue to be under selling pressure today and tomorrow. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2347 - $2345 SL $2340 TP1: $2352 TP2: $2360 TP3: $2370 🔥SELL GOLD zone: $2403 - $2405 SL $2410 TP1: $2395 TP2: $2380 TP3: $2370 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-ScalperUpdated 5523
SILVER SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! SILVER uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 28.879 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the SILVER pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 5514
Gold is approaching the daily trendHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2352 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2352 support and resistance area. Trade safe, Joe.Longby JoeChampion229
OIL: DAY 3 SHORTS in the marketHi 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” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Since the previous week, we can see how this market potentially could complete the big template of pump and dump, scenario still possible if setup correctly. OIL market triggered shorts breakout traders in, typical a signal of potential strong move. DAILY TEMPLATE (15min chart): Asia session broke down into the LOW, reversing sharply in London session (pump). Currently this market is not in an interesting level to buy or sell. THESIS : Short: considering the weekly pump and dump not completed yet, I can see this market going lower, stopping all the traders long since the last week. Long: however, day 3 shorts in the market, in the new weekly cycle, can be a good reversal signal, going to stop traders short from Monday. SETUP : Short: price pumping up back to the previous HOD, consolidating for 30/45 min and dump (after the news release) Long: Market dropping down at least into the previous CP, or LOD/LOW, consolidating for a pump (this scenario is mostly likely happing on tomorrow, which is closing range of the week) 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. Gianniby GianniPichicheroUpdated 335
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we want price to give us a bounce so we could get better entries to the short it again, however, as you can see we continued downside from the open. Earlier today we activated a price target for the short, but the bias level gave us a bullish target of 2370 of which we achieved 2369.8 before a rejection for the short into the lower target levels and hotspots. Not a bad day but not clean if I'm to be honest. So, what now? We have the lower support levels 2335-30 with extension into 2325-7, which if held could give buyers the RIP they are waiting for up into the resistance levels of 2350-55 and above that 2365. We've plotted the move we're looking for to ideally long or to short it again for the lower pricing we're currently targeting. We've caught the top but don't think we're ready to bottom out yet, so lets see how we close the day and the week. As always, trade safe. KOGby KnightsofGold1144
⭐️ XAU/USD : First Long , then SHORT ! (READ THE CAPTION)Upon reviewing the gold chart on a 15-minute timeframe, we observe that the price is currently trading around $2423. It is likely that in the initial movement, we will see an increase to the range of $2428.5 to $2433. Following that, once the price enters the specified range, we may witness another drop in gold prices. All the important levels for trading have been marked on the chart! First Long , then SHORT ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban by ArmanShabanTradingUpdated 8080304
Gold Outlook: Recent Trends and Future PredictionsThree days ago, we witnessed gold hitting all-time highs. This development was anticipated due to several key economic indicators. Firstly, we observed inflation starting to ease, with the Consumer Price Index (CPI) showing a slight decrease after a period of three months where core inflation had either eased or shown signs of increasing. The latest CPI data indicating easing inflation was a positive sign for the Federal Reserve. Additionally, the Non-Farm Payroll (NFP) figures came in lower than expected, which further supported the case for gold as a buying opportunity, leading to its ascent to record highs. The combination of these economic factors created a favorable environment for gold to reach new heights. As expected, we saw increased buy orders and overall bullish sentiment in the market, driving gold to its all-time high. Subsequently, it is normal to observe profit-taking behavior among traders, which is a typical market reaction following significant price surges. However, yesterday, contrary to the expected profit-taking behavior, gold suddenly spiked down by about 200 pips after three days of ranging post all-time high. This decline was unexpected as there were no major news events to trigger such a move. Even the existing home sales data, which was weak, indicating economic pressure, suggested a potential rate cut by the Fed, yet gold plummeted sharply. This 200-pip drop occurred hours before the release of the FOMC minutes, which later included some hawkish remarks. Several Fed members expressed concerns that the current monetary policy might not be restrictive enough. Despite these remarks being consistent with previous statements made over the past weeks, the market reacted sharply, driving gold down by around 700-800 pips. This prolonged decline seems unusual, as I did not observe any significant sell orders filled at the 2420 price level. The continued downward pressure on gold suggests that there might be underlying factors at play, which are not immediately apparent from the available data and public statements. Currently, gold is trading sharply lower. On May fifteenth, we had the CPI data release, and on May fourteenth, the day before the CPI data, the last major buy orders were filled around the 2340-2345 price range. Now, with prices back around this level, it indicates that a significant portion of these buy orders has been closed, leading to the recent price decline. Given this context, I still maintain a bullish outlook for gold. The absence of any substantial reason for the current downtrend suggests it might be largely driven by profit-taking. Therefore, I am looking to buy around the 2340-2345 price range, provided we see a stable range of at least six hours or up to one day in this area. Alternatively, I am also considering the 2320 price level for potential buy positions, depending on market movements. Upcoming economic data, including PMI and jobless claims, will be crucial. Weak reports in these areas could prompt the Federal Reserve to consider rate cuts, further supporting a bullish outlook for gold. Until then, observing a range around the 2340-2345 or 2320 levels will be key for confirming buying opportunities.Longby jacobradan446
XAUUSDHello, dear traders, a quick scalp for gold, time frame 15 minutes. Accept the risk of the transaction and then enter the transaction. Smart money concept Liquidity currency hunterLongby fereydoon1199225
Closing my Selling order / #43 ProfitsAs discussed on my yesterday's session commentary: "I have closed all my Selling orders (#2,436.80 - #2,412.80) on an fine #24-point Profit, extending my results range to #42 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders which are Selling every High's that Gold delivers, well done!" my first Selling order is closed in Profit. In addition, I have added as well throughout yesterday's session: "My position: Currently I am without the order, waiting for #2,400.80 initial break to pursue / re-Sell Gold towards #2,352.80 benchmark." My pending order on #2,400.80 benchmark was activated as I kept it over-night, Targeting #2,352.80 benchmark. I have closed my second Selling order (#2,400.80 - #2,360.80) on a huge #40-point Profit, extending my results range to #43 Profits and #9 Stop-loss hits regarding October - May cycle. It is indeed excellent #2-session row, well done! Technical analysis: Strong rejection from late yesterday's session local High’s on increased Volume indicating that Sellers are strongly positioned at that mark, which is Technically the Support fractal on the neckline of former Ascending pattern over Neutral High’s / Low’s. However a strong Support presence is seen at current levels where Gold rebounded on an Hourly 4 chart’s Doji Star Bullish (#2,352.80 benchmark won't be invalidated without serious cause) reversal candle many times in near past. This decline is temporarily confusing Buyers with their patterns but with a new Higher High’s Lower zone test and as long as the #2,400.80 stays intact, I will regardless remain Bearish awaiting retracement to test #2,300.80 psychological benchmark and finish the Month in losses (as I announced many times on my recent comments). One must be fast to adapt on market changes which are the case lately in order not to hold worthless positions. Bond Yields however climbed to fresh Annual High’s above while DX is following the sequence on parabolic uptrend. My position: As I had huge Profits in past two sessions and #2,352.80 benchmark is very close, I will comfortably remain on sidelines and monitor the Price-action which will provide me with another distinguished re-Sell zone.Shortby goldenBear882216