Gold to retest the resistanceThe current price shows a breakout on the Daily, with a retracement back into the RBS area, a good opportunity to buy targeting the next Daily resistance. Trade safe!Longby wonderpittUpdated 114
Returns up to 99% signalOn Tuesday (May 14), Federal Reserve Chairman Jerome Powell said that there is less confidence in inflation coming down than before. But he stressed that he did not think the next move was likely to be an interest rate hike and that it was more likely to keep the policy rate at its current level. Powell said the U.S. economy is doing very well and has a very strong labor market. GDP is expected to continue growing at a rate of 2 percent or more. The PPI data is actually quite mixed and it is uncertain whether inflation will be sustained. During Powell's speech, spot gold fell to 2350 in the short term, after hitting a day high of 2357.10, and then rebounded, as of press, is now trading at $2350.89 / ounce. 5.15 Gold market trend analysis: Gold technical analysis: Gold today relies on support around 2332 to recover, the United States rebounded to near 2356, the trend is more tangled. At present, it is not clear whether it is long or short, but what is clear is that the key watershed of 2356 is a successful break. Intra-day trend is stronger, the evening session may also impact the test upward, above the 2356 key watershed, below the 2340 mark below the support of the area around 2332, Shengfu expects the probability of falling tonight is relatively large. The lower support is still in the 2330-32 line, which is an important support below the current position, and the short-term short position is extended, and the reverse is to maintain the volatile trend. The end of the operation, then the rebound is still mainly short, and the short position will be moved up to near 2353 to participate again; Gold after the US data fell to 2336 a line bottoming out to rise, but gold or high down, bulls momentum is not strong, or heavy resistance above, gold 1 hour average began to turn head, the US gold continued to pressure under the stimulus of risk aversion on Friday the US low 2356, now converted to resistance, pressure fall, bulls or suppressed, In fact, the two days of gold market is not very sustained, long and short does not continue, the overall or shock market, the above still have to consider the suppression of gold, high and fall is also reasonable, continue to empty, to avoid chasing up and down. The current price of gold 2353 remains empty. In summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the above short-term focus on 2356-2358 resistance, the below short-term focus on 2330-2332 support, friends must keep up with the rhythm. To control the position and stop loss problem, strictly set the stop loss, do not resist single operation. The recent market turbulence is large, opportunities and risks coexist, and risks are controlled.by Thebest-traderUpdated 113
xauusdBuy on gold due to the fibonacci ratio at 50, price is generally on an uptrend.Longby mandelan682111
sell GOLD berish FVG good oportunity to sell dasfasdf i just have to put a description blablablabnla Shortby Thund3r_FXUpdated 113
Gold sell (Still valid)UPDATE: Sell order have been filled Price Action have been validated. Don't overleverage your account, take this trade idea on demo account. Practice makes perfect. Don't forget to FOLLOW SHARE LIKE for others to see as well. Click on the profile for our socials. Happy trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY Shortby PLETHORAFOREXINSTITUTE1110
GOLD- TRADE ACTIVATEDFollowing my previous post, the trade is now activated, fingers crossed lets see how will it play, GOOD LUCK IF YOU ETERED Longby MR-FX4229
XAUUSDXAUUSD price was able to break through the support level of 2338, so we think it is still in the downtrend and the price still has a chance to test the next support zone at 2302-2279. If the price cannot break through the level of 2279, we expect there is a chance. The price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324228
GOLD Retreats from Record Highs as Profit-Taking Begins Gold Eases from Record Highs as Profit-Taking Kicks In "Gold's key role is to offset risk, whether financial, geopolitical, or volatility-related. That is not new, but sentiment has now realized it." Geopolitical events and lower interest rates make non-yielding gold an appealing investment. Recent data suggest that U.S. inflation has resumed its downward trend. However, several Fed policymakers remained cautious on Monday, indicating they want to ensure pricing pressures are fully back on track to the 2% target rate before starting to cut rates. Investors will closely monitor the Fed's last policy meeting minutes, due on Wednesday. Technical Analysis of Gold: The price of gold has dropped and reached its support line, as noted in our previous analysis. Currently, it is expected to attempt to reach 2426 from the support level at 2410. However, any stability below 2410 indicates a potential drop to 2397. Overall, the price will consolidate between 2410 and 2426 until a breakout occurs. Closing a 4-hour or 1-hour candle above 2429 will support a rise towards 2451. Pivot Price: 2411 Resistance Levels: 2426, 2451, 2462 Support Levels: 2397, 2388, 2377 Today's anticipated trading range is between the support level at 2397 and the resistance level at 2437. Previous Idea: Longby SroshMayiUpdated 19
2390 is coming, continue shorting after the reboundGold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390. Judging from the recent trend of gold, the highs of gold's rebound are gradually lowering, while the lows are also constantly lowering, and it is already trying to fall below the wedge structure, so the short sellers are currently dominant. Although the short-term structure of gold is supported by the 2405-2400 area, since gold is already trying to touch this area, I think it is only a matter of time before gold falls below this area, and then gold is really going to fall towards the 2395-2390 area. Gold is currently trying to fall below the wedge structure. Once it is confirmed to be effective, the space below gold will be completely opened, and gold is likely to continue its downward trend. Therefore, if the market does not stabilize, do not go long gold easily. We will mainly focus on short gold at high levels. As gold falls, the resistance area moves downwards, and we first focus on the 2415-2420 area resistance. The following focuses on the gains and losses at the 2400 position.Shortby Trading-HawkeyeUpdated 18
Gold - Kickstarting the Next Impulse!📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XAUUSD has been overall bullish , trading within the rising channel in blue. Currently, XAUUSD is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting the previous ATH marked in red. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red previous ATH and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #Gold approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richby TheSignalyst17
GOLD → The realization phase is taking shape. Target 2450?FX:XAUUSD is strengthening well on the background of weakening dollar index, related to fundamental reasons (news on inflation). Gold's strengthening may continue, but after a correction. Bulls are interested in 2378-2350 area. The main task is to take the defense above the key liquidity and support zones. Confirmation of the end of the correction phase on H4-D1 is forming and the market is moving into the bullish phase, forming a strong realization in the form of distribution. Practically, we should wait for support retest and consolidation above the level with the aim to continue growth towards 2400-2450. Today at 12:30pm Initial Jobless Claims is published, analysts are expecting a decline in the index, which could be a bullish scenario, but actual data above 219K could weaken the dollar, while below it could strengthen. Resistance levels: 2397, 2400 Support levels: 2378, 2352 The local correction phase may be stopped near the key levels, but it all depends on the news, if they confirm the general fundamental background, the gold growth will continue, otherwise, the local correction will drag down to 2350. Regards R. Linda!Longby RLindaUpdated 6678
XAUUSD : Long Trade , 4hHello traders, we want to check the XAUUSD chart. The price has broken the descending channel upwards and pulled back to the indicated support level. We expect the price to maintain its upward trend and grow up to around 2398. Good luck.Longby mrAT_TraderUpdated 116
Don’t panic because of the adjustment, gold is bullish near 2405 This time, unlike four years ago, the surge in gold in 2020 is due, on the one hand, to the sudden epidemic, which has led to market uncertainty about the future, and, on the other, the massive monetary easing by the Federal Reserve. Today, the Federal Reserve has already tightened policy and has been clamoring to raise interest rates. Fed Governor Bowman has repeatedly reminded the market not to be too optimistic. A drop in inflation does not guarantee that interest rates will not be raised in the future. Federal Reserve voting committee member Mester also said yesterday that she believed three interest rate cuts this year were too many. Based on the current economic development, too many interest rate cuts are not suitable. The US economy is slowing down. This is already an event. Politicians will not come out and say that their economy is going to collapse. They are optimistic that there will be a soft landing and inflation will continue to be high and interest rates will be reduced to 2%. The market situation does not mean that the higher the frequency, the better, nor does it mean that a small amount adds up to a large sum. It is about clarifying the main trend, then turning the short-term into a long-term, and continuing to make profits. It is unrealistic to try to counter the trend. Because it does not mean that a rise will necessarily lead to a fall, and a big rise does not necessarily mean a big fall. This is not a positive or negative relationship. Just like many people’s understanding of the Fed’s interest rate hikes and cuts is very one-sided. The end of interest rate hikes does not mean that It is necessary to raise interest rates. It is absolutely possible to maintain high interest rates without increasing or decreasing them. I have repeatedly emphasized that once you miss the gold rally, you may not be able to encounter such an opportunity even if you wait for ten years. But even if you participate, you do not have a deep understanding of the trend and cannot make profits, and you will always be pessimistic. I think it’s because the market is not good, I’m not lucky, and I’m not good enough. In fact, none of the above has anything to do with it. Wealth is determined by the track, and investment is determined by trends. Just like if you invest in stocks in the United States in the past 20 years, the trend will take participants across classes. Don’t be afraid of heights. There will be adjustments after rising. This is a normal market behavior. Yesterday, the price of gold adjusted downward from 2,450 US dollars. It was just a short break. It will not have an impact on the rise. Instead, it is an opportunity to get on the train. After the gold price hit $2,450 yesterday, it continued to fall back. The current support is at $2,407, which will be adjusted. However, the structure is still mainly low and long. We are not considering shorting gold at the moment. Therefore, we should pay attention to this kind of sharp rise in the market, especially after the data weakens, we should not go low again. Today, gold is long near 2405, and the loss is at 2390, avoiding the previous top-bottom transition position of 2396. The span of the target area above is enlarged a bit, at 2430-2440, and the stop loss will be adjusted by moving up at that time. Longby Yuliya10Updated 119
Long Opportunity 5/21/20242414 support weekly support tested multiple times on 4H (support respected) Bullish retracement breakout to then retest 61.8% of the bullish move post breakout targeting 1.272 extension which is slight above 2435 which is monthly resistance and was tested during the breakout. Price will likely break through if it doesn't I will take profit here or just adjust my SL to Break even in order to maximize the trade as I aim for 2441 and 2450Longby BetterBusinessBullyUpdated 119
Closing my Selling order / #42 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,436.80 entry point (optimal Target remains #2,400.80 psychological benchmark). My Selling order is running in decent Profit and will re-Sell Gold when / if #2,400.80 benchmark fails to hold." I have closed all my Selling orders (#2,436.80 - #2,412.80) on an fine #24-point Profit, extending my results range to #42 Profits and #9 Stop-loss hits regarding October - May cycle. I will use this chance to congratulate Traders which are Selling every High's that Gold delivers, well done! Technical analysis: Gold has made a temporary Low’s and temporary High’s near psychological levels of #2,400.80 and #2,452.80 with third straight Daily chart’s green candle (followed with bigger than usual Selling Volume delivering series of Bearish candles). Both Hourly 4 chart’s breakout points are intact however all MA periods are pointing to aggressive takedown as #H4 and #D1 are in perfect alignment with the respective Selling sequence where the movement neckline is dictating healthy Descending Channel on Hourly 1 chart which restricts the Price-action back above #2,400.80 - #2,412.80 Support zone (Technical maximum at this point). My strategy remains to Sell every local High’s which Gold delivers, proven to be very safe and is delivering optimal framework pointing to prolonged weakness ahead on Gold on Medium to Long-term. As mega Bullish rally is showing signs of exhaustion, Resistance zone attempt failed and Gold is delivering more and more sustainable Selling reversals and since the Volume is Low and Investors are less interested in Buying, I do believe if #2,400.80 benchmark gets invalidated, Selling sequence will extend towards #2,352.80 benchmark (as shown historically within current Selling sequence). The #2,400.80 - #2,412.80 local Low's was achieved on sequence of #3 Hourly 4 chart’s Bearish candles and this is typically a Selling continuation signal since Price-action is isolated within Descending Channel. My position: Currently I am without the order, waiting for #2,400.80 initial break to pursue / re-Sell Gold towards #2,352.80 benchmark.Shortby goldenBear88228
DeGRAM | GOLD rebound from the support levelGOLD rebounded from the 50% retracement level XAUUSD returned to the ascending channel. The chart retained its ascending structure. We expect the growth to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAMUpdated 1117
XAUUSD Short-term Channel Up.Gold (XAUUSD) is trading within a short-term Channel Up pattern since the May 03 Low, essentially throughout the whole month, and currently the price is consolidating below the 1H MA50 (blue trend-line). Such consolidation within the 1H MA50 and the 1H MA100 (green trend-line) took place on every single Higher Low formation at the bottom of the Channel Up. At the same time, the 4H RSI hits its Higher Lows trend-line. The minimum Bullish Leg % within this Channel Up has been +2.44% and the maximum +3.35%. As a result, we turn bullish now on Gold with a 2465 - 2485 Target Zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot17
🌟📈 Title: "Unveiling Gold's Golden Path: A Charting Odyssey!" 🌟✨ Golden Opportunity Alert! ✨🌟 📈 Current Situation: Gold is at a pivotal moment, testing a formidable resistance cluster marked by a strong trend line and a steadfast horizontal barrier on its daily chart. 🔍 Analysis: A bullish breakout from this critical zone could unleash a surge of bullish momentum, signaling a definitive confirmation of upward movement. 🚀 Potential Outcome: Traders eyeing the skies anticipate a bullish continuation, propelling Gold towards the $2400 milestone and potentially beyond! 📊 Strategy: Strap in for a thrilling ride as Gold charts its course to new heights! Stay vigilant for a daily candle close above the resistance cluster for confirmation. 🎉 Conclusion: The stage is set for an epic ascent – seize the opportunity and ride the wave of Gold's potential surge! 📈🚀💰 #GoldenOpportunity #BullishBreakout #ToTheMoon 🚀🌟📊Longby MrCharlie1Updated 2234
GOLD MARKET UPDATEHey Everyone, Another PIPTASTIC day on the chart today buying dips all the way into our Bullish target!!! After completing the retracement range earlier this week, we got the bounce into 2357 yesterday followed with the lock above 2357 opening the 2389 bullish target once again. - This played out perfectly completing the target at 2389!!! We will now look for a ema5 lock above 2389 to open the range above or failure to lock above will see a rejection back to 2357. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2389 - DONE EMA5 CROSS AND LOCK ABOVE 2389 WILL OPEN THE FOLLOWING BULLISH TARGETS 2412 2435 BEARISH TARGETS 2357 - DONE EMA5 CROSS AND LOCK BELOW 2357 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2337 - DONE 2317 EMA5 CROSS AND LOCK BELOW 2317 WILL OPEN THE SWING RANGE SWING RANGE 2290 - 2274 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX by Goldviewfx1010164
Great Last KissA retest in forex trading is the price action that occurs after a breakout, where the price returns to the level that was broken and tests it as a new support www.tradingview.com level.Longby Goldminer10Updated 227
XAUUSDXAUUSD price is near the important support zones 2365 and 2355. If the price cannot break through the 2355 level, it is expected that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana2324117
XAU/USD - Buy zone!Hi there! I'm a buyer on XAU/USD : -RMID (Range Manipulation Initiation Distribution) -We have liquidity. -We have an interesting zone. -We have the optimal fibo. -We have accumulation before/on the zone. -We are with the trend. Longby InfiniteY16
this the end of XAUUSDOANDA:XAUUSD I think this is the last move to start selling for short time Shortby arraschUpdated 227