Gold is a dragon but what can it do to a Godzilla Remember last week we posted about this. Check my previous analysis of gold Longby Godzillaviews1
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
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 BullishSimple accumulation phase analysis of Gold. ---- About the analyst: Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperation as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen. Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom theirs usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements... But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omitted about him, by Iranian organizations... And he can leave the country... He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British ColumbiaLongby GeraldMann1
simple parallel channelprice is up again and made new all time high investors bought the dip at $2300 psychological level this new rally is testing upper and lower yellow line price has made yellow parallel channel by Sangam-Agarwal1
GOLD(XAUUSD) : POSSIBLE LONGThe instrument has been trading in a bullish trend and it appears as if it found support inside a key zone. From this point, looking for long opportunities IF breakout of the triangular trading zone. Please do your own analysis before placing any trades. Cheers and happy trading.Longby FX_Wize111
GOLD Trades Idea for Tuesday 21 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 21 May 2024 BUY LIMIT Order: $2423.68 Stop Loss: $2407.09 Take Profit 1: $2440.03 Take Profit 2: $2461.76 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 20 May 2023 The price pushes higher before heading back down for a retracement. But the retracement is not strong enough to hit our limit order, hence no order for today. 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: +4.10RLongby Barry_Games_Trading1
This golden analysis will help you make money.Gaza ceasefire talks broke down, Israel advanced into northern Gaza and stormed Rafah without making any progress. U.S. CPI data in April fell short of expectations, April retail sales data fell short of expectations, U.S. inflation has gradually cooled over time, and weak retail sales data have boosted the possibility of the Federal Reserve cutting interest rates this year. Fed officials remain cautious about cutting interest rates. Williams said he has not seen any signs that there is now reason to change the stance of monetary policy and does not expect there will be a reason to cut interest rates in the short term; Barkin said inflation is falling toward the 2% target. More time is needed; Mester said inflation progress this year has been disappointing. On the daily chart, gold continues to rise after stabilizing the middle track of the Bollinger Bands, and currently encounters resistance at the upper track of the Bollinger Bands. For pressure above gold, you can focus on the daily Bollinger Band upper track of $2,387, which is also the current intraday high, followed by a one-month high of $2,397; for support below, you can focus on Thursday's low of $2,370, followed by the weekly MA5 moving average of $2,354. The 5-day and 10-day moving averages are golden crosses upward, the KDJ and RSI indicators are oscillating upward, and the MACD indicator is slightly golden cross, indicating that the technical side is relatively dominant. In terms of operation, it is recommended to treat it with a shock idea. The support below will focus on $2,370, followed by $2,354. The pressure above will focus on $2,387, followed by $2,397.by Mark-VIP008Updated 6
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
XAUUSD_2HHello Ans analysis in the medium term time frame The market is in 5 downward waves, which is currently wave 4, and after completing the correction, we can have another downward wave. 2370 resistance Support 2315Longby Elliottwaveofficial1
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-Jamie1
Gold is under pressure and has a bearish trendIn early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week will usher in the U.S. April ISM Manufacturing PMI, the Federal Reserve’s monetary policy decision, the April employment report, and the April ISM Non-Manufacturing PMI. The market initially expected the first U.S. interest rate cut to be in March. However, as the United States has successively released strong economic data, expectations have been postponed first to June and now to September. This Wednesday will usher in the U.S. ISM Manufacturing PMI for April and the Federal Reserve’s monetary policy decision. . The Fed is unlikely to provide any new hints on the timing of a policy shift in its statement. However, at the press conference after the meeting, Fed Chairman Jerome Powell is likely to be asked whether there is still the possibility of a rate cut in June if Powell does not close the door to a rate cut in June. The initial reaction could trigger a sharp drop in U.S. Treasury yields and boost gold. After the March policy meeting, Powell noted that strong inflation data in January and February could be due to seasonal factors. Market participants will also be closely watching Powell's comments on the inflation outlook. If Powell adopts a concerned tone on recent inflation developments, the dollar could remain resilient against its rivals, limiting gold's upside. Finally, if Powell downplays the disappointing first-quarter GDP data, investors may view this as a hawkish tone, making it difficult for gold to gain upward momentum. Strategy 1: Gold rebounds near 2337-2340 and goes short (buy down) in batches. The target is around 2330-2325. If the position is broken, look at the 2300 line. Strategy 2: Gold will go long in batches around 2315-2320 (buy up), target around 2340-2345, and look at the 2050 line if the position is broken.Shortby Kevin-analyst9Updated 39
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
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