22/05/2024 My tradesXAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD. XAU/USD is traded on the forex marketplace like any traditional currency pair.Shortby Indiantrader49561
Will gold continue to break through 2450? Daily chart: Already reminded before: 2340+2290 Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising Only if you keep rising will you have a chance to rise It has stood above 2340 and started to rise slightly in the short term. Stay above 2350--65, strengthen in the short term Staying above 2385, it has risen by 2450 It initially remains above 2400, and the trend becomes stronger. Stay above 2425 and see around 2460 Staying above 2450, there is a chance to continue to rise to 2450--2480-2550 in the short term Stay below 2375--2410 and start short-term profit taking Stay below 2335, strong in the short term Stay below 2310 and turn into a weak declineby RID_WKUpdated 2
Gold Analysis 21/05/24As of May 2024, the inflation rate in the USA is around 3.4 Despite interest rate hikes by the Federal Reserve, inflation has not been entirely tamed, and there's still concern about potential economic slowdown or recession. If interest rates continue to rise without effectively controlling inflation, it can lead to several economic consequences. High interest rates typically increase borrowing costs, which can slow down consumer spending and business investments, potentially pushing the economy toward a recession. This scenario can create a complex environment for gold prices. On one hand, higher interest rates often make non-yielding assets like gold less attractive compared to interest-bearing investments. On the other hand, if inflation remains high or geopolitical tensions escalate, gold might still see increased demand as a safe haven asset. In essence, the impact on gold prices will depend on the interplay between these factors. If inflation persists despite higher rates, and if geopolitical uncertainties continue, gold could maintain its value or even rise. Conversely, if higher rates effectively curb inflation and economic stability improves, gold might face downward pressure As conclusion we're now Still bullish with gold even with this drop i consider this as Correction wave , Impulsive Wave 3 has finsihed and now we're in Wave 4 could be Zigzag ABC waves , once we finishing this We should be ready for a new Higher Highs target which is 2483.271-2490.167 , im doing Buy Limit : & Buy limit Total Risk 4% of the day splitted on these positions , SL would be at 2368 Please guys do your own propre risk management not a financial advice Here are some of the news of yesterday : 🔴 Governor and Federal Reserve member Barr considers that the inflation reading in the first quarter was disappointing It did not provide them with sufficient confidence to ease monetary policy 🔴 Barr from the Federal Reserve: Inflation data are disappointing and insufficient to ease monetary policy. 🔴 Federal Reserve Bank Chairman Cleveland Meister: Inflation will decline, witnessing fewer than three interest rate cuts in 2024.Longby TraderFa9irUpdated 2
highest selling potentialits seem this area has highest selling potential with high R:R I will wait for pullbackShortby Goldminer10Updated 1
Gold prices drift lower on hawkish Fed minutesKey Points: An analyst predicts gold could drift back to $2,355 if the dollar continues to strengthen. The Federal Reserve minutes revealed discussions about potential further interest rate hikes. Gold prices declined for the third consecutive session on Thursday following the release of the Fed's minutes, which showed some officials favored raising rates. Spot gold fell 0.3% to $2,370.74 per ounce as of 0335 GMT, after a drop of over 1% in the previous session. On Monday, bullion reached a record high of $2,449.89. U.S. gold futures decreased by 0.8% to $2,373.00.Shortby DCFX-TA1
Gold buyGold will soon make an all-time high 2500 price after forming a pair of bottoms.by ZorigtsaikhanUpdated 1
GOLD FORECAST The current analysis indicates a bullish trend for OANDA:XAUUSD , provided it stays above the pivot line at 2438. Currently, the price seems poised to consolidate between 2450 and 2430 before any breakout occurs. The prevailing bullish pressure suggests that if trading remains above 2438, the trend will continue upwards. If the price dips below 2438, there are two scenarios to consider: A retest to 2430 followed by a continuation of the bullish trend. A deeper retest to 2410 before resuming the bullish trend, as illustrated on the chart. The price is expected to rise to 2463, and stabilizing above 2463 could lead to a further increase to 2475. Key Levels: Bullish Line: 2463, 2475 Pivot Line: 2438 Bearish Line: 2430, 2410, 2396by RojBarwari2
XAUUSD Bearish TrapHello Traders! Reminder‼ XAUUSD is still in a very strong bullish in all timeframes. So, becareful on getting trapped by minor pullbacks low possibly ndicating a change in trend. Technically, as we approach our Point of Interest there is liquidity pool that is left above and the market need to induce 1D Order Block above our Zone because many traders have notice a very clean and nice opportunity to join a ride as continuation entry. Demand Zone 🌟 Area @2292 Reasons: - Order block (1h) - Quasimodo level - Imbalance - Liquidity - InducementLongby undaba111
Gold _Spot / U.S. Dollar _ Quarter_ 3_ Prices _ Under _ Trading Gold _Spot / U.S. Dollar _ Quarter_ 3_ Prices _ Under _ Trading _ Venue _ OANDA. As expected we managed to be be ahead of the market based on my previous post! Now we do the backward data calculation using previous year mid between May, 2023 then engineer them with lower data of 2024 and will bring the market for a new support confirmation. Retest must hold within the following key level: $2,195.857 $2,242.286 $2,265.286 _____________________ Then we will be excepting the following prices: $2,297.461 $2,308.744 $2,364.131 $2,385.871 $2,390.206 $2,407.059 $2,437.217 $2,466.216 $2,523.053 $2,542.773 $2,532.333 $2,555.258 $2,587.306 $2,612.118 $2,620.502 Next Distribution price: $2,692.240 $2,839.359 $2,918.395 Final Distribution price: $2,998.101. ___________________________ Gold Economic Cycle will end from here as market will require a new cycle of economic range of data! Meaning we will be descending to the following prices: $2,70.583 $2,56.195 $2,026.813 $1,990.589Longby Skill-Knowledge-Conduct1
XAU/USD BUY NOWHi Traders another trade on Xau/usd we going long 1ST TP 2432 and last Tp 2449Longby Low-keyFXtrader2
gold to 2439Hi traders would like to share my forecast for XAUUSD Hope you have profitable tradeLongby AziztvtUpdated 223
🚀🌟 *Calling all traders! XAUUSD Breakout Watch!* 🌟🚀 Calling all traders! 🌟 XAUUSD is blazing, smashing records with finesse! 🔥 Here’s the latest: 🔍 XAUUSD Overview: 📊 Engaged in a gripping duel between 2329.1 and 2335.3. 🤔 Is a breakout looming? 📉 Bearish Outlook: 📉 Be alert for potential declines if it dips below the range! 🎯 Targets: 2326, 2317. 📈 Bullish Outlook: 📈 Anticipate buying opportunities if it breaks above! 🎯 Targets: 2341, 2346. 💬 Join the Discussion: 💬 Share your perspectives as we journey through this golden terrain! 🗣️ Let’s reach new heights together! 💼✨by hanalyeeforex1
4-hour wave count update on gold4-hour golden wave count: In light of the adjustment in the previous count, this Monday's peak of 2450 is currently seen as the end of the green third wave, with green sub-wave consisting of five waves. The current green fourth wave is undergoing a correction in the rally from 1973 to 2450, with attention on the Fibonacci 38.2-50-61.8 levels.by qwekjc1
Gold...Gold 15m, I wait to see breakout and pullback for correction than down again to 2300... - This is not sell or buy signal. Don`t trade with anybody else analysis or signals. - Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!by HamidNaderi2
Gold buyOrder book was rebalanced signaling bullish direction, reaction at the support line, bullish trend, more than one ascending triangles, bullish market structureLongby seanstone12241
Breakout TheoryDaily St Buy - Fasa Pullback - Focus St Sell H1 H1 St Sell - Trending sell - Focus St Sell m15 Focus on St buy h1 bila sudah Pullback Daily untuk Support trending buy Dailyby adez8t81
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950 (completed support line) would be the key price point for that level. Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level. TAYOR. Safeguard capital always.by JSALUpdated 1116
my fault in xauusdOANDA:XAUUSD in my last chart, I had faults in analysing and predicting the wrong position for selling gold but, In general, the trend was correctly predicted and there was a downward trend ahead. by arrasch1
XAUUSD faces profit-taking pressureImmediately after hovering to create a brand new document excessive in history, gold encountered profit-taking pressure. However, robust assisting elements assist this treasured metallic stay above the critical threshold of 2,four hundred USD/ounce. In the close to future, analysts nevertheless assume gold expenses to upward thrust higher. However, they advise traders keep away from chasing the marketplace at modern-day levels. According to StoneX analyst Rhona O`Connell, "a lack of momentum is inevitable sooner or later as new gamers have entered the marketplace, however it's miles probable that extra traders will come. “Most humans are in for the lengthy haul and are probable to live in because of geopolitical tensions, banking troubles and elections round the sector this 12 months.” Gold's foremost position is to lessen risk , whether or not financial, geopolitical or volatile, he added. Recently, gold has been strongly supported withinside the context of geopolitical and financial instability. According to information from the World Gold Council, considering the fact that the start of the 12 months till now, gold expenses have expanded extra than 16%, achieving a document excessive of over 2,four hundred USD/ounce in May. Some professionals say that gold can be easily available. Get geared up for every other charge hike. Citi Bank analysts currently with a bit of luck expected that gold may want to reach $3,000/ounce in the subsequent 6 to 18 months.Longby TheLeader_WOLFUpdated 2
Daily live trade with XAUUSD in 15m/30m/1h 20240521Daily live trade with XAUUSD in 15m/30m/1h 20240521Longby tradermongolia2
E/U 15 M i m bulish for E/u but i will trade the swing that he made till is gonna push up i the key zone will be that swap box if is gonna break it i m gonna be bearish or if is gonna reject it nicely i m gonna look at it like 1 H fvg for a bulish continuation over all is in a up trend so make sure are you whit the bulls by Thund3r_FXUpdated 111
GOLD ROAD TO 2500 Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GOLD ROAD TO 2500!! 📚 👉Price of gold has been overall bullish from a long-term perspective, trading inside the outer orange rising broadening wedge pattern. 👉Meanwhile, from a medium-term perspective, price is still overall bullish as well, trading inside this red channel, then we can still trade higher to be approaching our upper massive zone. Our upper resistance zone is defined by the significant psychological level of 2500, which lining up with the upper boundary of our price channels. This confluence can act as a potential overbought area, where we will be looking for new shorts as a correction movement. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Shortby Hadi_karaali2
XAU continues to set new highsXAU set a new peak thanks to expectations that the Fed would cut interest rates and increased geopolitical risks Gold prices increased by 1.4%, reaching 2,450.07 USD/ounce, surpassing the record set in April. Traders are increasing expectations that the Fed will cut interest rates, as early as September, which should support gold prices. “Gold's recovery is driven by geopolitical risks in Iran, and investors are currently reluctant to reduce their positions in the gold market due to low liquidity levels in Asia.” Hedge funds trading Comex futures have boosted bullish bets on gold to a three-week high, according to the latest data from the Commodity Futures Trading Commission. This increase shows that gold prices have broken out of a narrow trading range in recent weeks when the outlook for US interest rates has been gloomy. Gold prices have now increased nearly 20% this year. The recovery of gold prices is also thanks to speculative activities of central banks, strong demand from Asian markets, especially China as well as increased geopolitical tensions in Ukraine and the Middle East.Shortby NicoTradingMasterUpdated 1