xauusd continuationi aspect a berish continuation on GOLD let s see how it gonna play out Shortby Thund3r_FXUpdated 4
Gold trading signalsGold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The dollar continued to rise and gold came under pressure again. Today, gold is mainly short-selling at high levels, supplemented by long-selling at low levels. Focus on the 2350-2355 area at the top to enter with short orders, and focus on the 2325 area at the bottom for support.Shortby Mark-VIP008Updated 5
buy idea Considering the fall of gold and reaching this area, we expect to return to the area of 2380. With a stop below 2330, we can enter a buy position.Longby REZAmhd5
Is gold price selling or buying? I think it's like this MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! TVC:GOLD Bombarded by the Fed's comments, the market ended its ultra-short-term bullish trend. Reverse downward. It is still continuing to fall. Gold price is at the critical stage of 2370. Policy was tightened and the deadline for interest rate cuts was once again extended. It directly boosted the US dollar and shot up to 104.96 in the short term. At the same time, the European Central Bank sent an assist and is expected to cut interest rates in June. The side boosted the dollar again. In terms of operation, we still need to observe whether the support near 2370 below is effective. If it is effective in the short term, we need to pay attention to the target position near 2388. If the impact of the news intensifies, you need to pay attention to the targets below 2354-2358. Stay tuned for real-time trading signals from the top trading circles.Longby AA_JackUpdated 5
XAUUSD UPDATE (BULL+BEAR) Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD Looking for Bullish+ BEARISH update (Prediction) GOLD → Are the bulls ready to break through 2430 and go GOLD on the background of weak dollar and favorable fundamental background realizes the accumulated potential after breaking through resistance. The price is testing the global resistance of 2431 The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers after the correction phase, which ended at the moment of the beginning of the realization of the bullish pattern, as well as the confirmation of the bulls. In general, this movement can be continued, as the general background is favorable for the gold market In the coming week traders are interested in such news as: - Powell's speech on Monday - FOMC meeting minutes on Tuesday - Initial Jobless Claims on Thursday Resistance levels: 2418, 2431 Support levels: 2400, 2375 Technically, the price may test the ATH on Monday, but a bounce or a false breakdown may be formed afterwards, which will lead to a small correction. A quick retest of 2431 could lead to a breakout and further growthby MagickeyFX4
XAUUSD:2280 is just around the corner The current shape of gold is similar to the head and shoulders. Analyzing the shape combined with indicators, there is a high probability that it will rise first and try resistance. Therefore, the trading strategy continues to be long first and then short, focusing on the 2358-2369 range. If a head and shoulders are formed, a decline to 2280 is inevitable. At that time, the large-cycle graph will have a double top. If the shorts are strong, it is very likely that this time it will fall to the 2230-2200 line, and then a large-cycle upward trend will be formed. Therefore, the market is currently brewing a new opportunity, and I hope everyone can seize it!Shortby Allen_Ex4
XAUUSD H4 I Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2370, which is an overlap resistance close to 38.2% Fibo retracement Our take profit will be at 2306, an overlap support level. The stop loss will be placed at 2431, an overlap 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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. After analyzing the H4 chart, it appears that the price is increasing and moving closer to reaching our sell entry at 0.8822. This particular entry point is a pullback resistance level that coincides with a 61.8% Fibo retracement. We plan to set our take profit at 0.8767, which is a multi-swing low support level. As for the stop loss, we will place it at 0.8877, which is a swing-high resistance level. Shortby FXCM2
GOLD SELL SETUPGOLD gave a big dump and formed evening star here on the daily. I'd like to see a retest of structure for another opportunity!Shortby TheForexWave4
XAUUSD Local Long!XAU-USD is trading in an Uptrend and GOLD Is now retesting a Horizontal support level Of 2410 from where I will be expecting A local move up !Longby kacim_elloittUpdated 5
XAUUSD : Gold has hit an all-time highWorld gold prices (XAU/USD) skyrocketed this morning, reaching 2,440 USD/ounce before retreating again at around 08:10 Vietnam time. In the absence of information at the beginning of the week and expectations that were almost completely reflected last week, gold prices seem to be reacting with some new momentum. Kitco News' latest weekly gold survey results show the majority of experts believe gold prices could reach or surpass all-time highs, while retail traders are cautious. this precious metal. Market strategist Colin Cieszynski of SIA Wealth Management is among the experts who are bullish on gold in the short term. According to him, both the USD and US government bond yields seem to be in a downward trend and that will provide support for this precious metal. Besides, gold surpassing the psychological threshold of 2,400 USD/ounce will be a stepping stone for this precious metal towards the 2,500 USD/ounce mark. With the same opinion, ROTH Capital Partners analysts also predict that gold prices will increase even higher in the coming months, even exceeding 2,600 USD/ounce.Longby SantaTradeGoldUpdated 5
XAUUSD SHORTXauusd have the potential of falling to 2400 using the Fibonacci tool. Here we can see that price is struggling to break higher and we can execute a trade to the downside Use proper RR and monitor your trade Shortby fxdonno4
Daily analysis update Best Profitable analysis our best gold Signals Here free trading analysis best education Daily update all currency analysis Longby MR-CAPTAIN-FX4
Gold Price Analysis: Factors and Forecast 🟡Gold Shows Signs of Recovery Despite Stronger USD Gold prices have shown some recovery on Friday, despite the strength of the US Dollar (USD). However, the upside potential for the yellow metal might be constrained by diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September. Nonetheless, safe-haven flows due to rising geopolitical tensions in the Middle East could provide support to gold prices. Key Factors Influencing Gold Prices Federal Reserve's Influence: Gold investors will closely monitor comments from Federal Reserve officials, with Fed's Waller set to speak on Friday. Hawkish remarks from Fed policymakers could further weigh on gold prices. It is important to note that higher interest rates generally exert downward pressure on gold prices by increasing the opportunity cost of holding the non-yielding metal. US Economic Data: Investors will also look to upcoming US economic indicators, including the Durable Goods Orders and the Michigan Consumer Sentiment Index. These data points can provide further insights into the economic outlook and influence gold price movements. Technical Analysis: Footprint and RSI Insights A footprint analysis indicates a potential recovery in gold value as the price resides in a discount area, accompanied by divergence on the H4 RSI. This divergence suggests that selling pressure might be waning, increasing the likelihood of a price rebound. Additionally, the imbalance observed in the footprint analysis supports the expectation of a recovery in gold prices. Outlook While the strong USD and hawkish Fed stance may limit gold's upside, geopolitical tensions and technical indicators suggest potential support for a price rebound. Investors should watch Fed commentary and economic data releases closely, as these will provide further direction for gold prices. Daily Footprint Analysis: Longby FOREXN1115
Turtle Soup On XAUUSDI am trading turtle soup since long time. Took this opportunity today and results are great. Here I show you full breakdown of the tradeby Lakshya_M103
GOLD BEST PLACE TO BUY FROM|LONG Hello,Friends! We are targeting the 2401.890 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals115
Filling the imbalance I think it is proving that after coming down a little bit, that is, as soon as we cover the balance, the trend can go straight in your direction.Longby ising22444
Gold Going up?A retest in forex trading is the price action that occurs after a breakout, where the price returns to the level that was broken and tests it as a new support. Something like this Longby Gudfelaz5
GOLD Trades Idea for Monday 20 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 20 May 2024 BUY LIMIT Order: $2392.65 Stop Loss: $2373.77 Take Profit 1: $2411.28 Take Profit 2: $2436.06 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 17 May 2023 Our trade resulted in a loss. The price had an initial favourable movement but eventually went into loss. Let's try again tomorrow! P&L for the month: +0.6R 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 The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R Longby Barry_Games_Trading4
Gold has a poor weekGold was a touch firmer this morning, but it’s hard to say if the price has found a floor yet. It’s been a bad week for the precious metal, even though it rallied on Monday to hit a record intra-day, and closing, high. Since then it’s been all downhill, and sharply. This morning it traded at $2,325 which represented a decline of 5% from Monday’s high. The move has led to a downturn in the daily MACD, suggesting that gold could have further to fall. It certainly wouldn’t be much of a stretch to see it retest $2,300. This level, and the area just below, acted as support earlier this month, and it feels as if it wouldn’t take much selling to push it back down there. But as ever, strong rallies can appear out of nowhere, particularly after significant pullbacks. That applies to silver as well. Silver hit a multi-year high on Monday, around $32.50. It too has pulled back sharply since then, coming within a few cents of $30 per ounce, for a high-low sell-off this week of around 7.5%. The area just below $30 has acted as significant resistance previously, so it seem reasonable to assume that it should act as support now. The question is whether this level has already been tested and held successfully, or if there’s more downside to come.by TylerNorcross3
XAUUSD LONGMy hot take on gold today looks something like this. Not much can be said about it, however, I will make a video detailing how i came about this conclusion.Longby morenagodisang4
XAU/USDLooking Potential Trade setup impressive... Wait for confirmation before Buy or sell.Shortby AFFINITY_MARKETS5
Golden OpportunityGold has corrected sharply in recent days. Observing the Fibonacci ratios, it becomes evident that there is a highly favorable opportunity for a long entry. Currently, we are just below the 50% retracement of the last impulsive upward movement since mid-March 2024. Therefore, we can tightly limit our downside risk. Looking at the MACD, we observe clear hidden bullish divergences: the price is trading significantly high, but the MACD is exceptionally low - on the daily chart! Ultimately, the trading opportunity presents an excellent risk-reward ratio of around 9:1, and considering the upcoming FOMC meeting, it is more than worth a try!Longby OchlokratUpdated 4
Gold Price Pullback Keeps RSI Out of Overbought ZoneThe price of gold gives back the advance from the start of the week to keep the Relative Strength Index (RSI) out of overbought territory. Gold Price Outlook The price of gold carves a series of lower highs and lows after registering a fresh yearly high ($2450), and lack of momentum to hold above the $2363 (161.8% Fibonacci extension) to $2396 (78.6% Fibonacci extension) region may push bullion back towards $2286 (100% Fibonacci extension). Failure to defend the monthly low ($2277) opens up $2242 (61.8% Fibonacci extension), but the price of gold may track the positive slope in the 50-Day SMA ($2305) should it continue to hold above the moving average. In turn, the recent weakness in the price of gold may end up short lived but need a close above $2448 (38.2% Fibonacci extension) to open up $2501 (50% Fibonacci extension). --- Written by David Song, Strategist at FOREX.com by FOREXcom3