XAUUSD - 1H Sell PossibiliityThe current XAUUSD chart shows that gold is approaching the final stages of its trading range cycle, indicating a potential bearish breakout. The chart reveals a series of lower highs and consistent tests of the support zone, suggesting weakening buying pressure. The resistance zone, highlighted in red, has successfully rejected price advances multiple times. We have observed signs of buyer weakness, which further supports the possibility of a downward move. If gold breaks below the support zone, it could lead to a significant decline, potentially reaching the next major support level around $2,305. Traders should monitor price action closely for confirmation of this bearish scenario.Shortby Sober_Trading4
Gold Price Forecast: Holds 50-Day MA Support Amid Downtrend Gold holds assist across the 50-Day MA for the fourth day in a row on Tuesday. It stays sandwiched among resistance across the crimson 20-Day MA and the 50-Day line for assist. Although gold has dipped under the 50-Day line intraday withinside the ultimate days, it has ended the classes at or above the 50-Day line. Watch wherein it ends nowadays to peer if there's a alternate withinside the latest final pattern. If the day by day near is decrease relative to the 50-Day line than what has been visible to date, it is able to be signaling similarly weak spot earlier than the retracement is complete. Nevertheless, the weekly chart is taking a extra bearish tone. This week brought about a 3rd consecutive decrease weekly low. The week`s low of 2,315 is decrease than ultimate week`s low of 2,321, that is decrease than the previous week`s low of 2,325. In addition, this week and ultimate week`s highs are every decrease than the previous week. In different words, there's a sequence of decrease weekly highs and decrease weekly lows set up at the weekly chart, which defines a downtrend. That will begin to alternate if this week`s excessive receives above ultimate week`s excessive of 2,364 earlier than the cease of this week.Shortby MrTrongVoUpdated 4
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 23.80% Completed " 123 4-wxy " Impulsive Wavesby ForexDetective4
Gold trend in the coming time: INCREASE or DECREASE?Hello investors and those interested in the gold market. Today, let's take a look at the recent trends in the global gold price together. In the context of global fluctuations due to the impact of the pandemic and economic factors, the price of gold continues to be one of the key indicators of concern. The world gold price today generally decreased by -0.30% over the past 24 hours, equivalent to a decrease of -7.16 USD/Ounce. Investors continue to monitor inflation and monetary policies of major countries, especially the United States. Recent 4-hour gold price charts show a slight downward fluctuation. However, in the coming period, inflation in the United States may gradually decrease and end, thereby gold is expected to have a breakthrough upward trend. Join us to learn more interesting information and knowledge. Longby Jesscica3
GOLD: Bullish Continuation & Long Trade GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2341.1 Sl - 2319.1 Tp - 2375.5 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals114
What could possible happen to GOLD this coming week?EIGHTCAP:XAUUSD GOLD outlook for the coming week. After a massive $82 drop from Friday, we are expecting to see a retracement towards the upside. Why? We need a narrative evidence for the market to go lower, and that will be either the 4H FVG, or the Daily Bearish OB. I will update a lower timeframe analysis for the context.by AVCDTraderUpdated 3
Gold idea Gold is in indecision stage right now, If market break the horizontal line @ 2283.22 DOWNWARD and likely retest., It's sure gold will continue bearish move till 2100 price... Bag🙌 But if go bullish from this point.. then consider Gold to be bullish continuously... There is COOL MONEY IN THE WAITING... let wait for itby Olumine3
GOLD A Fall Expected! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2361.2 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2345.5 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 114
XAUUSD Bullish Ideagold break the strong resistance and Retracemant after form the HH . i think Gold continuous the bullish trend. My entry is on feb level 0.6 and stop loss is under the HL . Longby asadiii3
XAUUSD breaks the W pattern Hello fellow traders It looks like a good time to buy XAUUSD because the trend is going up. Just remember to keep an eye on the market in case things change. Also, make sure to protect yourself by setting stop-loss orders below the support zone to avoid big losses if the market suddenly goes down. W PATTERN 🤑Longby AliyanFX3
Gold price today Gold prices (XAU/USD) faced renewed selling pressure on Tuesday, dropping to the $2,316-2,315 region, nearing the multi-week low hit the previous day due to modest strength in the US Dollar (USD). However, the USD's recovery from its lowest point in over two months lacked momentum, as more investors began to accept that the Federal Reserve (Fed) is likely to start cutting interest rates by the end of the year, supported by weaker US macroeconomic data. These expectations led to a decline in US Treasury yields, which is expected to provide some support for the non-yielding yellow metal.by Trader_BrianFXUpdated 4
Gold Trend Chart for TodayAt current scenario Gold is having a Support zone at 2360-2370, while on lower side it may fell down to 2314 to 2302 as well by filatovarthur4
World gold prices revived and increased slightly At the start of the buying and selling consultation on June 3 (US time), global gold costs revived and multiplied barely withinside the context that buyers nonetheless count on that US inflation is at the decline, with a purpose to encourage the United States Federal Reserve ( Fed) will quickly reduce hobby rates. In addition, gold costs also are being supported via way of means of a mild lower withinside the USD. At the identical time, Nymex crude oil costs are almost solid and buying and selling round 76.seventy five USD/barrel. As expected via way of means of analysts, gold costs have recovered after plummeting ultimate week. Sean Lusk, co-head of business hedging at Walsh Trading, stated that gold nonetheless continues its upward momentum so it'll quickly growth in rate again. Sharing the identical opinion as Sean Lusk, Adrian Day - Chairman of Adrian Day Asset Management - stated that withinside the context of US inflation being at the decline, there may be no motive for gold costs to lower whilst the Fed will base on that to quickly boost costs. set a particular cut-off date for hobby charge cuts. In an evaluation on CBS News, specialists stated that the pointy drop in gold costs is handiest temporary, however the long-time period fashion continues to be at the rise. Experts suggest that buyers ought to speedy purchase gold in the course of low costs. Gold rate forecast Kitco senior analyst Jim Wyckoff stated that gold costs will get better withinside the following couple of sessions. In Kitco News` weekly gold survey, with the participation of Wall Street specialists and retail traders, the bulk of specialists and buyers nonetheless count on an upward fashion withinside the rate of the treasured metal. Many analysts are expecting that, in advance of the Fed's financial coverage assembly on June 11-12, many buyers will growth buying, inflicting gold costs to growth sharply earlier than the assembly.by TheLeader_WOLF3
What's interesting about the gold price this week?Gold prices (XAU/USD) struggled to gain any significant traction during the Asian trading session on Monday, pressured by a mix of diverging forces and weakening near the three-week low hit on Friday. The growing acceptance that the Federal Reserve (Fed) will start cutting interest rates by the end of this year, supported by signs of easing inflationary pressure in the US, has weakened the US Dollar (USD). This, along with persistent geopolitical risks, has been a key factor supporting the safe-haven metal. However, gold's upside remains limited by generally positive risk sentiment and hopes for a ceasefire in Gaza. Traders also seem hesitant, waiting for key US macroeconomic data to be released early this month, including the Non-Farm Payrolls (NFP) report on Friday. Additionally, major central bank events – the Bank of Canada's (BoC) decision on Wednesday and the European Central Bank's (ECB) meeting on Thursday – will impact the non-yielding yellow metal.by Trader_BrianFX3
XAUUSD is expected to fall below 2277From the hourly chart, XAUUSD is under downward pressure after testing the previous supply zone, and the short-term bearish trend is dominant. At present, the support below is around 2277. If it falls below, it is expected to continue to fall, and the downward target is 2200-2220. In the short term, the upper resistance of XAUUSD is 2325-2330.Shortby XTrendSpeed3
gold will buy shorttermwe have completed our previous plans .also gold did a huge bullish price action that we can able to buy.we have to see the reaction around level 2344 which is having a critical volume range then we buy once we see a reaction on that range .otherwise let is crawl down and lowe level buy it Do not change the plan stick with your rules Apply risk. do not think about the outcome ..love the process that is what professionals do Longby rasindu2003Updated 225
Buyers' appetite for gold eases due to strong NFP employment Looking at the trend in the 4-hour time frame, gold has formed a HEAD&SHOULDERS pattern, which has now broken the NECK LINE support at the 2323 area to the bottom, as a result, the rate after the pullback could be as high as the head of the pattern to the support. Fibo is 161.8% lower at $2219.Shortby arongroups3
xauusd analysisOn last monday we have posted a chart analysis major bullish and bearish points of xauusd. And all our targets were hit ✅✅✅✅ BULLISH: 2335 ✅✅✅ 2343 ✅✅✅ 2347 ✅✅✅ 2355 ✅✅✅ 2367 ✅✅✅ 2376 ✅✅✅ 2398 BEARISH; 2321 ✅✅✅ 2312 ✅✅✅ 2298 ✅✅✅ 2287 ✅✅✅ 2282 our analysis for monday june 10 2024 as xauusd has fallen around 120 points or 1200 pips from its top of 2388 on friday a possible retracement can be elicited out. if the support area from 2288-2282 is not breached then xauusd will fly back to 2333 area where it has major resistance minor resistance are present in 2304 2315 2321 more updates will be posted soon. please like share and follow us for more market related updatesLongby realmillionairefx4
GOLD(XAUUSD) BUY TRADE PLANXAUUSD(GOLD) H4 CHART Hello Traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.Longby Forexlivesignal3
XAU/USD LONGS BEFORE THE NEXT SHORTXAU/USD 1H - As you can see my analysis for the gold market is pretty straight forward, I would like to see price trade us up and into the Supply Zone above before price goes on to take its next bearish leg lower. We have recently seen price create a double bottom, and follow with a new high, this is a common pattern thats put in, in a bullish move. We see this take place as it shows that price is holding Demand below the lows set. I want to see price now pullback fractally, giving us the ability to get involved in the next fractal impulse that takes us higher in the market. I would be looking for fractal areas of interest within the last impulse that price made. We want to see price trade down and into a fractal area of Demand, one that is above the two equal lows before taking its next move higher. This gives us chance to buy in at a better price with a more refined entry.Longby Lukegforex3
XAUUSD There is a strong upward correction through the 235x areaLast night time GOLD had a sturdy upward correction thru the 235x location. Currently, concerning the Trend, I see that GOLD is absolutely at the Buy side. This morning, Asian Gold consultation had a mild downward fashion following RSI to the resistance location 2343>2346. With this mild adjustment, in line with Minh Gold, there could be extra reactions on this zone. Because the weekend has very sturdy news, on weekdays I additionally advocate anyone to play Vol toddler safely. The marketplace remains going for walks so there's no scarcity of possibilities for anyone to trade 👌 > With the Current Price Plan, I will Buy Gold According to the response of Resistance and Ma in body M30 and above. > Buy GOLD round 2342>2345 SL 2340 City 2356>2368 Today I will comply with Ma buying and selling in essential frames. If you comply with this fee model, Gold has three peaks at 2362>2360>2454. Then, if there's handiest one sturdy shopping for rhythm to interrupt thru this accumulation model, Gold can without difficulty growth strongly again. And if Gold follows this resistance plan, I will anticipate extra clean reactions earlier than Selling 👌👌by TheLeader_WOLF4
WHAT IS TRADING ACCOUNT DRAWDOWN | 3 Types Of Drawdown Explained In my videos, I frequently use the term "trading account drawdown ". Many of you asked me to explain the meaning of that term and share some examples. What is Trading Account Drawdown? The account drawdown is the highest observed loss from the highest value of the deposit to the lowest value of the deposit at a certain period of time. Imagine you started to trade with 10,000$ account. At the end of the year, your account size reached 15,000$ . However, at some point through the year the deposit value dropped to 6,000$ . It was the absolute minimum for the one-year period. At some point, your net loss was -4,000$ or 40% of your account balance. The account drawdown is 40% . ❗️Knowing the account drawdown is very important for the risk assessment of the trading strategy. Usually, 50% and bigger drawdown signifies an extremely high risk. 3 Types of Drawdown 1. Current drawdown - a temporary drawdown associated with the negative total value of opened trading position(s) at present. Once you start trading with 10,000$ deposit, you open several trading positions. Being opened, with the constant price movements, your potential gains fluctuates from positive to negative. For example, with 3 active trades : EURUSD ( -500$ at present); GBPUSD ( +200$ at present); GOLD ( -100$ at present) Your current account drawdown is -400$ or 4% of your deposit. 2. Fixed drawdown - the negative value of the closed trading position(s) at present for a certain period of time. While some of your trades remain active, some are already closed . Imagine the same deposit - 10,000$ . On Monday you opened 6 trades, 2 still remain active ; 4 are already closed . Your total loss from your closed trades is -500$. Your fixed Monday's drawdown is 5%. 3. Maximum Drawdown - the maximum observed loss from the highest value of the deposit before a new maximum is reached. Starting to trade with 10,000$ you are already trading for 5 years . Your account were growing rapidly and at some moment it reached 25,000$ . Then the recession started. You faced a dramatic loss of 12,500$ before you started to recover. That was the maximum observed loss for the period. Your maximum account drawdown was 50% . ❗️Different types of drawdown give a lot of insights about a trading strategy. Its proper assessment will help to spot a high risk strategy and to find a conservative one. Constantly monitor your account drawdown and always check the numbers. What is your highest account drawdown?Educationby VasilyTrader114