Gold Sell (30pips)After the gold rally up, we find ourselves in a bearish pressure. Price Action is observed, this is only a trade idea.Use proper risk management. Happy TradingShortby PLETHORAFOREXINSTITUTE3
Gold buy (TP HIT)Gold managed to give a clean bullish Price Action momentum. Take profit has been allocated. Comment in the section below what other pair you would like us to share a trade idea on. Happy trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY Longby PLETHORAFOREXINSTITUTE2
XAUUSDGold is in a correction period. If the price can stay above the 2326 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324Updated 13
XAUUSD, big pictureI see XAUUSD currently in wave 5 of (3) of ((3)) of v. I am looking for this move to approach 2600 before a pullback towards 2400. I think the time between the years 1976-1980 is a good reference for where I think we are in XAUUSD's current wave v. Wave v's in XAUUSD tend to be rather extended. Orange ellipses are wave 1's and green ellipses are wave 3's. Big picture has XAUUSD most likely above 5000 before wave v is complete.by discobiscuit1
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!🎯Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential supply/demand zone (low-risk sell/buy zone) spanning from 2397 to 2398.5 and 2358 to 2355. Additionally, medium-risk buy zone between 2375.5-2373.5, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2397 and 2398.5, serving as a low-risk sell. Important Demand Zone🟢: Identified between 2358 and 2355, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 2375.5 and 2373.5, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 2362: Possible retracement area. 2370: Possible retracement area. 2373: Possible retracement area. 2390: Significant supply zone. 2400: Liquidity area. Bearish Targets📉: 2390: Possible retracement area. 2380: Possible retracement area. 2373: Area with laying low liquidity. 2358: Essential Demand Zone Ultimate Target: 2332- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market. by TTradessss4
GOLD UPDATES TO SHORTin the decipher range of gold market ,bearish eyes tends to sharpen , engagin on the retracement straight back to the market structure shorts' open/drop.... follow for more insights , boost idea as Akcapitals tends to update the publish ,sit tight and anticipate markets moves Shortby Ak_capitalist7
XAU/USD 14 May 2024 Intraday AnalysisH4 Analysis: Bias/Analysis remains the same as analysis dated 13 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback. Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing. Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a printed a bullish BOS and iBOS After BOS we expect price to pullback. Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened. Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction. Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line. M15 Chart: by Khan_YIK3
Gold Price Approaches April HighThe price of gold approaches the April high ($2432) after breaking out of the descending channel carried over from the previous month. Gold Price Outlook The price of gold retraces the decline from earlier this to register a fresh monthly high ($2390), with the recent advance in bullion pushing the Relative Strength Index (RSI) towards overbought territory. A move above 70 in the RSI is likely to be accompanied by a further rise in the price of gold like the development from earlier this year, with a breach above the $2363 (161.8% Fibonacci extension) to $2396 (78.6% Fibonacci extension) region raising the scope for a test of the April high ($2432). Next area of interest comes in around $2517 (161.8% Fibonacci extension), but failure to test of the April high ($2432) may keep the RSI out of overbought territory, and the price of gold may face range bound conditions as long as it holds above the $2286 (100% Fibonacci extension) to $2309 (100% Fibonacci extension). by FOREXcomUpdated 5
GOLD (XAUUSD): Breakout & Demand ZoneGold surpassed a strong horizontal resistance cluster and a significant downward trend line. The broken structures now form a larger demand zone. I anticipate a bullish movement from this area soon, with targets set at 2394 and 2420.Longby linofx15
Gold - Time Cycle for Bullish Impulse Move- Gold does follow a particular pattern for bullish impulse move. - Recently, most of the gold bullish impulse moves followed a particular duration before the market turned around. - 40 to 45 days is the range which gold remains bullish, after that price turns around. - Considering, its recent impulse move, it has completed its 41 days cycle of bullish impulse, hence a turn around is imminent.Shortby AnalytixEdgeByQasim3
⭐️ XAU/USD : Ready for LONG ? (READ THE CAPTION)Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and $2291, and I anticipate that upon entering this level, the price will once again meet demand, potentially yielding a return of at least 100 pips to 350 pips from this range! The second crucial demand level is situated between $2268 and $2284. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Longby ArmanShabanTradingUpdated 107107385
⭐️ XAU/USD : CPI is coming , Bull or Bear ? (READ THE CAPTION)By analyzing the gold chart in the 2-hour timeframe, we observe that after the price drop to $2332, there was a demand surge, allowing the price to rise to higher levels as expected. After the price entered the Bearish BB zone at $2372, we saw a price drop to $2368. Currently, the price is trading around $2370, and in a few hours, we will have the important US CPI data. If the actual rate is higher than the forecasted rate, it could lead to a further drop in gold prices. Conversely, if the rate is lower than the forecasted rate, we might see a rebound in gold prices to levels above $2400. The supply zones are $2372 to $2378, $2389 to $2399, and $2409 to $2418. The demand levels are $2356 to $2361, $2332 to $2337, and $2306 to $2315. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban by ArmanShabanTrading101053
GOLD (CPI + Geopolitical = Strong Movement)GOLD New Forecast If inflation proves to be stickier than expected, interest rates could remain elevated for a longer period, posing a challenge for non-interest-bearing bullion. While gold has recently found support due to haven demand amid geopolitical tensions in the Middle East, its vulnerability increases as these tensions ease, leaving it susceptible to pressure from rising rate expectations. Technical Analysis of Gold: The GOLD market is expected to be highly volatile due to the upcoming CPI release and the current geopolitical situation. Today, our primary focus should be on the CPI rates. Currently, the price is likely to attempt to reach 2379, driven by bullish momentum ahead of the CPI release and Geopolitical situations. Generally, if the CPI result comes in below 3.4%, it will likely support a bullish trend, pushing the price towards 2388 and 2397. Conversely, if the CPI is at or above 3.4%, it will likely trigger a bearish trend, causing the price to drop from the 2379 resistance level to 2357 and then to 2344. Pivot Price: 2369 Resistance Levels: 2379, 2388, 2397 Support Levels: 2357, 2344, 2327 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2397. Given the current high pressure on the U.S. economy, we expect the CPI to be around 3.4% or 3.5%, as efforts to stabilize economic data and control inflation continue this year.by SroshMayi12
Check the trend According to the price behavior in the current range. Possible scenarios are identified. If the price stabilizes above the current range, the upward trend will continue. If the price crosses the price of $2354, the correction process will continue Longby STPFOREX3
GOLD → How can the price react to the NEWS on inflation?FX:XAUUSD earlier returned to the range after a false breakdown of resistance. The market is now fading as it is in the waiting phase for Powell's speech as well as the rest of the inflation news. Traders are waiting for PPI ( ECONOMICS:USPPIMM ) today as well as tomorrow's CPI ( ECONOMICS:USIRYY ) . Earlier, the market discussed the interest rate cut as well as inflation, which continues to remain at a rather high level, which does not please the Fed. Traders are expecting inflation to drop from 3.5 to 3.4. This is possible, but it is still very high relative to what Powell, who will also speak today, is expecting. Gold may react strongly to the news as economic factors are unpredictable. It will be necessary to follow the actual data and not to trade before the news. Resistance levels: 2352, 2363, 2378 Support levels: 2328, 2306, 2295 Fundamentally it is still very bad, inflation is high, rate cuts are not expected, in general this scenario lays further strengthening of the dollar. In such a case, gold may continue to correct to the lows. Regards R. Linda!Shortby RLindaUpdated 131382
GOLD → The bulls are back, the market is recovering. Is it 2400?FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end of the correction, after fixing the price above 2300 the market allowed us to get an impulse of almost 700 pips and test the area of 2378. At the moment the market is still bullish. The favorable fundamental and technical background, together with the fall of the dollar index continues to motivate buyers. After updating the local high of 2378, a stop and correction is formed. The price may reach 2350-2340 before continuing its way up. Resistance levels: 2378, 2400, 2417, 2431 Support levels: 2350, 2340, 2327, 2316 2350 plays an important role as it divides the chart into bullish and bearish area. A false breakout is possible, but in general we should watch the price reaction to the liquidity area. Also, the zone of 0.382 and 0.5 Fibo is important. The market is bullish and it is worth prioritizing long positions Regards R. Linda!Longby RLindaUpdated 121282
GOLD (Volatile Market) SHORT !!!Gold prices edged higher on Tuesday, with investors closely watching the upcoming critical inflation report, which could significantly affect future U.S. interest rate decisions. "Today's modest movement in gold prices illustrates that the market remains cautious, reluctant to form a strong opinion before the U.S. data is released," commented Han Tan, chief market analyst at Exinity Group. According to the most recent Survey of Consumer Expectations by the Federal Reserve Bank of New York, consumers anticipate inflation to reach 3.3% a year from now, up from 3% in March. They expect inflation to slow to 2.8% in three years, a slight decrease from the previous month's expectation of 2.9%. Technical Analysis of Gold: The price will be volatile today due to the PPI news and Jerome Powell's speech, so will move depending on the result, but it is possible to touch 2357 and then start a bearish trend, also releasing a PPI of more than 2.1% means will drop toward 2327, otherwise less than 2.1% will support a bullish trend to touch 2357 Pivot Price: 2344 Resistance Levels: 2357, 2369, 2379 Support Levels: 2327, 2317, 2302 Today's anticipated trading range is between the support level at 2327 and the resistance level at 2357.Shortby SroshMayiUpdated 12
XAUUSD LONG 🐱🏍down trend broken with higher lows and bearish momentum failed to continue after breaking so we hunt long opportunities to fill gabs by Mustafa_Abdel_Hadii3
GOLD ON A STRONG BULLISH CHANNEL HEADING NORTHGold has once again surged from the support level near the $2280 - $2290 region. This recent rally has established a robust bullish channel on the daily timeframe, pushing the price back to the significant resistance around $2410. We might observe a minor reversal within the channel before the price resumes its upward movement after the pullback. This continuation is anticipated to mark the completion of the 5th wave, which is expected to extend further to the upside.Longby traderchamp_6
Gold Can Make Space In Buy TodayGold prices remain on the back foot amidst some recovery in the Greenback and ahead of the release of US PPI and CPI later in the week, prompting XAU/USD to retest the $2,330 region per troy ounce.Shortby Senorita711120
THE KOG REPORT - Update (Short target level complete)End of day update from us here at KOG: In yesterdays' report we said we would be looking for resistance to hold down the price, and if it did we would want to short into the order region below which was highlighted on the chart. We then suggested monitoring the order region for a reversal and there being an opportunity to long from there. The short worked almost pip to pip into the level we wanted, completing our Excalibur target levels in Camelot, then came the tap and bounce which we said we'll treat as level to level in the update. Again, worked well. So, what now? Support stands here at the 2330-35 region and with news on the horizon we would hope to see this find it's way back up towards the resistance level where we may settle until tomorrow. Resistance now is the 2345 region which will need to hold down price with the extension of the move into 2350, which will still be within the structure. As always, trade safe. KOG by KnightsofGold4484
XAUUSD: $2330 area to be filled around! OANDA:XAUUSD Our last idea on gold turned out to be 700+ pips opportunity, here we have seen some bearish movement that has started happening. There are some areas that needs to be filled around $2330 area which remain a vital key level for buyers. Please use accurate risk management and do your own research. Shortby Setupsfx_Updated 6634
XAUUSD H4Gold has uptrend now. Some of zone has low volume and high volume. In my point of view it will make a fake zone then drop after one candle drop it can be continue.by SignatureStoxUpdated 1