GOLD longs, going long hereGoing long from discount area 1.5% risk good R:R, see this as high risk trade so tight SL and will.secure BE soon as possible.Longby PassivePips111
GOLD longs, going long hereGoing long from discount area 1.5% risk good R:R, see this as high risk trade so tight SL and will.secure BE soon as possible.Longby PassivePips1
GOLD: Bullish - FLAG detected + Breakout of the range.GOLD: Bullish - FLAG detected + Breakout of the range. 1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$. 2- When we break a range the Take profit should be the Height of the range. Then the TP2 is expected around 2 518$. 3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$ The red horizontals are retracements regarding ICHIMOKU levels . However a retracement Fibonacci gives a target lower around 2 100$. Be carefulLongby Le-Loup-de-ZurichUpdated 1
XAUUSD - Falling verticallyGold fees fluctuated sharply while a few US Federal Reserve (FED) policymakers encouraged that the corporation wait some extra months to make sure inflation without a doubt cools down, earlier than beginning to cut. hobby rate. Reacting to this information, the USD accelerated in charge in comparison to the Euro and lots of different currencies. Gold charge these days is in a disadvantageous position. Under strain from the USD, speculators might also additionally fear that retaining gold will lessen profitability. So in remaining night`s buying and selling session, while gold changed into buying and selling withinside the area of 2,four hundred USD/ounce, they vastly bought out.Shortby TheLeader_WOLF112
Still LongHi traders would like to share my forecast for XAUUSD Hope you have profitable tradeLongby AziztvtUpdated 5
GoldOn the H1, XAUUSD has formed a descending triangle pattern, and the price is squeezed to support corresponding to 161.8 Fibonacci. The indicators do not give clear signals, making considering two possible scenarios necessary. 🔽 If the bears push the Gold below the support at 2415, the downside target will be 2395; 🔼 However, if the upper trend line is broken, the price may reach the resistance of 2440;by Dee95491
Gold maintains the triangle formation The level maintain as we await market movement... any aideas out there?by jamesnificent21
XAUUSD 10/04/2024True Open daily at 00.00 (NY TIME) - Targeting Manipulation during London session and expecting a bullish trend during NY session. Targeting 2368.35 as TP . Bismillah~~~by EyonGaristerusUpdated 4
Gold SellTake trade on your own risk! Verse of the day! J ohn 8:12KJV Take profit : 4328 Stop Loss: 2258Shortby AYOUBWASHERE1
Gold surges higher and falls back, 2345 can be shorted!After the sharp rise in gold, the market did not continue and continued to rise and fall. The bulls just tried to resist, but they were still unable to do so. Gold is still in a short trend, and the current price is 2345. It is directly short! The 1-hour moving average of gold continues to cross downward and the short positions are arranged. The short positions are not over yet, and there is still room for decline. The U.S. market is closed early tonight. The market is likely to fluctuate, so if it rises, don’t chase long, or continue to be short under pressure. The current price of gold is 2345, so you can go short first. If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. Every time there is a big fluctuation in the market, what the losers see is fear, and what the winners see is opportunity. The rebound of gold is limited. Even if you have the idea of going long, you must wait until it falls back. At most, the current price is a volatile market. Anyway, we are watching. Short, the rebound gives us the opportunity to go short.Shortby A-JamieUpdated 2
SUPPLY AND DEMAND In this analysis, we'll be focusing on the H1 timeframe for XAUUSD. We are looking for buy opportunity with key levels at 2350.00 - 2356.00 . If the price reject 2350.00 - 2356.00 zone, than we go for buy and the target is set at 2390.00, indicating a potential upward movement. Conversely, if price break below at the key level 2350.00,than wait for confirmation and look for sell. the sell target is identified at 2332,indicating downward movement. Let's delve deeper into these levels and potential outcomes .Here we have two supply zone and two demand zone. SELL ZONE KEY LEVELS: 2392.00 - 2400.00 2410.00 - 2416.00 BUY ZONE KEY LEVELS: 2350.00 - 2356.00 2328.50 - 2332.50Longby TradeTacticsrealUpdated 114
Gold showing Bears incoming .Gold showing Bears incoming by breaking 2332.63 and close below . but keep an eye on news for sure . if not .. wait for a reversal .Shortby rekoo201
Cast on XauusdThis not Financial Advice gang. -Overall XAUUSD Setup on 1D TF. -Expecting XAUUSD overall playout bearish. -Either you make bread with that information or continue being ignorant, Do you Gang.Shortby Uncle-TakeProfitt1
GOLD PLAN 05/28Support: 2335 - 2322 - 2316 - 2307 - 2290 Resistance: 2368 - 2379 - 2384 - 2397 Breakout and retest: - Demolition and closure on 2354 - 2361 - 2374 - Break and close below 2335 - 2322 - 2316 🔴SELL price range 2378 - 2380 stop 2384 🟢BUY price range 2336 - 2334 stop 2330 (scalping) 🟢BUY price range 2309 - 2307 stop 2303 Scalping strategies will be applied when the resistance - support areas above have entry signals. Note: Full TP, SL to be safe and win the market‼️Longby Winlouh2
BIG SHORTEntry point: green area Analysis is set on a monthly timeframe For now we just wait for a big sale for gold..Shortby mehdielahian1
Gold: Correction Downwards#market_pulse #currencies 🌐 Dollar Steady as Global Inflation Data Looms ▫️ Dollar: The dollar started the week steady as investors focused on upcoming inflation data from the U.S., Europe, and Japan to guide global interest rate outlooks. Trading was light due to holidays in the UK and the U.S. ▫️ Euro: The euro held at $1.0846, in the middle of its year-long range, after gaining 0.9% last week. Key eurozone inflation data on Wednesday and Friday could confirm expectations of a rate cut. ▫️ Pound Sterling: Sterling tested the top of its yearly range at $1.2735. Persistent inflation and a surprise July election announcement have supported the pound. ▫️ Australian Dollar: The Aussie eased to $0.6637, retreating from recent highs as markets adjusted expectations for U.S. interest rate cuts. ▫️ New Zealand Dollar: The kiwi slipped to $0.6122, also pulling back as U.S. rate cut expectations were dialed back. ▫️ Japanese Yen: The yen held steady at 156.87 per dollar. Despite higher Japanese bond yields, the yen remains weak amid suspected intervention and rising U.S. yields. Tokyo CPI data due Friday will be closely watched. ▫️ Swiss Franc and Chinese Yuan: The Swiss franc touched its lowest since April 2023 at 0.9928 per euro. The yuan ended the week weaker than 7.24 per dollar, its lowest since early May. ▫️ Cryptocurrencies: Ether closed its largest weekly rise in nearly three years after the approval of some U.S. ETF applications, rising 25% against the dollar last week and another 5% to $3,938 on Monday. 👀 Key Developments to Watch: German inflation data on Wednesday Eurozone inflation data on Friday U.S. core PCE price index on Friday Tokyo CPI on Friday Japan's finance ministry data on intervention size 💵💵💵 Shortby sabiotrade1
XAUUSDThe gold market has recently shown a downward trend against the United States dollar, influenced by various economic and political factors. Firstly, the Federal Reserve's decision to maintain interest rates at current levels for a longer period has contributed to the strength of the US dollar. Despite recent data indicating that inflation has not decreased significantly and remains higher than desired, the Fed has taken a cautious approach. The expectation of fewer rate cuts in 2024 than previously anticipated has supported the dollar, putting pressure on gold prices (DailyFX) (J.P. Morgan | Official Website). Additionally, political uncertainties, particularly those related to the US debt ceiling and fiscal policies, have further supported the dollar as a safe haven, diminishing gold's appeal (DailyFX). As the economic outlook remains uncertain with potential for slower disinflation and a resilient labor market, the dollar's strength is likely to persist, continuing to weigh on gold prices. In summary, the combined effect of the Fed's cautious stance on interest rates and the ongoing political uncertainties in the US are key factors driving the current weakness in gold prices relative to the US dollar. Disclaimer: The information provided in this overview is for educational and informational purposes only and should not be construed as financial advice. It is based on current market analysis and data from credible sources. Always conduct your own research or consult a qualified financial advisor before making any investment decisions. Trading and investing carry risks, including the potential loss of principal.Shortby KhalilKarimii1
Mapping GoldNaturally there a more than a few ways this could play out here. If this 4hr candle closes above the small horizontal resistance we could keep pushing up in the diagonal channel we’ve seemed to have formed and punch up to 2360-2385. Could end up creating a megaphone and popping back up to retest 2450. I’m short here, not playing the long. I can’t seem to force myself to buy even though I’ve charted a play here… I’m anticipating a meltdown because of the bearish break of the diagonal on the daily. Looking to 2296 for my TP and sticking to it. No SL, liquidation only. Have no fear, Danger is here. Wish me luck, I’ll need it.Shortby ImminentDanger1
After the news, PMI continued to decrease and increase slightlyWorld gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session, as investors become increasingly concerned about the timing of interest rate cuts. of America and the strength of American business. According to the latest report, US business activity in May accelerated to the highest level in more than 2 years, showing that economic growth recovered in the second quarter. After the report, the USD recovered strongly, offsetting intraday losses. This has reduced the attractiveness of precious metals to buyers holding other currencies. TD Securities commodity strategist Daniel Ghali said that although the greenback's recovery and the weakening interest rate outlook have triggered a sell-off in the gold market, the correction will be relatively shallow. According to him, gold is adjusting to the view that the US Federal Reserve (Fed) will maintain high interest rates for a longer period of time, while at this meeting, the Fed mentioned the possibility of raising interest rates if inflation occurs. "persistent" development.Longby FalCol_TradingMasterUpdated 2
XAUUSD STRUCUTURE And for some reason best known to you you have been confused on the direction of Gold, here you go, stick to your trading plan but know the market direction and stick with it, do well to like share and follow.Shortby Dr_Trade11
XAUUSD AnalysisIn my opinion Gold can be bearish and I am looking for bearish positions from the specified areas.But I will share my opinion with you after the market opens in next week.Shortby seyedmahdiseyedhashemi2
Gold Rush: Fund Managers Flock to Record-Breaking Gold PricesGold is gleaming brighter than ever. Earlier this week, prices surged to record highs, igniting a firestorm of bullish sentiment among fund managers. This marks the most optimistic outlAook for the precious metal in over four years, according to a recent report. This article delves into the factors driving this renewed enthusiasm for gold and explores the potential implications for investors. A Record-Breaking Rally Gold's recent price surge is undeniable. Fueled by a confluence of global uncertainties, the yellow metal has reached uncharted territory. Investors are witnessing a classic case of safe-haven buying, where gold is perceived as a reliable store of value during times of economic and geopolitical turmoil. Fund Managers Turn Bullish This record-breaking rally has not gone unnoticed by professional investors. Fund managers, who meticulously analyze market trends and identify investment opportunities, have become the most bullish on gold in over four years. This shift in sentiment is evident in their actions. Data reveals a significant increase in net-long positions in Comex gold futures and options by hedge funds and other large speculators. What's Driving the Gold Rush? Several factors are contributing to the current gold rush: • Geopolitical Tensions: Ongoing conflicts and regional instability create uncertainty in the global economy, prompting investors to seek safe-haven assets like gold. • Inflation Woes: Rising inflation erodes the purchasing power of traditional currencies. Gold, with its historical reputation for holding its value, becomes an attractive hedge against inflation. • Central Bank Activity: Central banks around the world, particularly in major economies, are adopting accommodative monetary policies to stimulate growth. This can lead to concerns about potential currency devaluation, further bolstering the case for gold. • Demand from Asia: Robust demand for gold from major Asian economies, particularly China and India, continues to provide significant support for prices. These regions have a long-standing cultural affinity for gold, driving both consumer and industrial demand. Is This a Sustainable Trend? The sustainability of this bullish trend for gold remains a question mark. Here are some factors to consider: • The Global Economic Outlook: If the global economy strengthens and geopolitical tensions ease, the demand for safe-haven assets like gold could decline. • Interest Rate Movements: Rising interest rates can make gold, a non-interest-bearing asset, less attractive to investors compared to interest-bearing alternatives. • The Strength of the US Dollar: The US dollar has a strong inverse relationship with gold prices. A strengthening dollar can put downward pressure on gold prices. Investing in Gold: Weighing the Options Gold's recent resurgence has sparked renewed interest from investors. However, there are various ways to participate in the gold market, each with its own advantages and disadvantages: • Physical Gold: Investing in physical gold bars or coins offers direct ownership of the metal. However, there are storage and security considerations associated with this approach. • Gold ETFs: Exchange-traded funds (ETFs) backed by physical gold provide a convenient and liquid way to invest. These offer lower barriers to entry compared to physical gold. • Gold Mining Stocks: Investing in gold mining companies offers the potential for amplified returns if gold prices continue to rise. However, these stocks are subject to the inherent risks associated with the mining industry. Conclusion The record-breaking rise in gold prices and the bullish sentiment from fund managers present an intriguing opportunity for investors. However, careful consideration of the driving forces behind this trend and a thorough evaluation of investment options are crucial before diving into the gold market. Understanding your risk tolerance and long-term investment goals will help you decide if gold has a place in your portfolio. It's important to remember that past performance is not indicative of future results, and even safe-haven assets like gold can experience price fluctuations. by bryandowningqln1
GOLD Trades Idea for Friday 24 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 24 May 2024 SELL LIMIT Order: $2362.10 Stop Loss: $2834.04 Take Profit 1: $2340.42 Take Profit 2: $2311.58 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 below 21 EMA, hence our bias is to SELL. We will place 1x SELL 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 23 May 2023 Our limit order did not get triggered in. Let's try again today! P&L for the month: +1.2R 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 21 May: -1R 22 May: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10RShortby Barry_Games_Trading1