XAUUSD: 20/6 Thursday’s Analysis and StrategyTechnical analysis of gold Daily resistance 2340-70, support below 2277 Four-hour resistance 2350, support below 2307-2277 Gold operation suggestions: The overall price of gold is fluctuating in a narrow range at a high level. In the short term, the overall trend of gold is still suppressed below 2340, because the daily level has not yet stabilized at 2340. Before that, the daily level is likely to continue to fluctuate between long and short positions. Today's lower support continues to focus on 2317-2315, and the upper pressure focuses on today's high point 2345. You can participate in the transaction by selling high and buying low in this range. SELL:2345near SL:2348 SELL:2328near SL:2331 BUY:2277near SL:2274 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 7
Gold next target 2300!Many people lost their accounts last week when gold fell But follow my fans at least 3 times more profit! I never brag about my ability to trade and all my analyses are available in my past history! Welcome to verify my strength! Gold 2318-2325 Sell! tp:2300Shortby KingofthedealUpdated 7
XAUUSD Gold is exhibiting a bearish trend on the 4-hour timeframe, moving within a descending channel. The price has completed a 50% Fibonacci correction, signaling the end of Elliott Wave 4. This presents a favorable opportunity to enter a selling position, anticipating further downward movement.Shortby forex_info6
GOLD EVERYDAY TRADE SETUP >>XAUUSD<<Hello traders , Xauusd (GOLD) Sell Confirm trad running... If you need more my ideas follow me.Shortby TradsTrendTacticsUpdated 6
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Gold is difficult to break through, continue to short goldToday, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not really strengthened. The overall trend is still in a volatile trend, and there is no obvious sign of a breakthrough. In addition, gold failed to break through the resistance of the 2335-2340 area, and the bulls have not reached the level of upward rush. Therefore, the possibility of falling back after the intraday high is greater. Moreover, the U.S. market is closed early today, and it is difficult to continue to break through and rise in the short term. Obviously, it is not suitable to continue chasing gold now, so we might as well rely on the short-term 2335-2340 area resistance to short gold again! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. ! Shortby Trading-HawkeyeUpdated 7
XAUUSD June 18, 2024 a potential sharp declineGold prices are recovering after last week's sell-off as the US economy forced the Fed to adopt a more dovish stance. Weak manufacturer inflation data and a rise in initial jobless claims supported lower interest rates. Additionally, escalating geopolitical tensions, such as increased attacks by Hezbollah on Israel and more Russian warships in the Caribbean, have contributed to this rebound. Looking at the adjustment process from June 8 to the present time, we can see that this is a complicated adjustment process. - Trading in a complex correction is not recommended. We watch for this adjustment process to complete - During this process we can scalp in short price ranges in smaller frames. - When the price reaches the expected targets, we will consider placing an order. Looking at H1, we see that the wave C correction process is still continuing. We observe the price reaching the target price zones 2350 and 2356. - The price will confirm the target areas of wave C when it breaks out of the 2341.8 area, then we focus on observing the chart to find a Sell order. - In case the price breaks out of the 2296 price range, it is likely that the adjustment process has been completed and if the price also breaks out of the 2287 area, then the target price area for wave 5 is 2256 and 2210 will be the areas we focus on. closely to find Buy orders.Shortby DEEKOPUpdated 7
Gold Daily Trading Plan 6/18/2024As illustrated in the chart, i am looking for buying opportunity around 2308 today. If the trendline is broken, Gold will turn into bear market.Longby SteadyFund7
GOLD OVERVIEW'S TO SHORT In essence of the bank holiday, gold price has remained steady at the $2330 price level throughout the Asian session. During this period, numerous institutions are eager to fulfill supply orders within the $2345 to $2355 range, aiming to sustain the ongoing sell momentum. This strategic positioning indicates a concerted effort to manage market dynamics and align with broader trading objective... CONCLUSION........ a sweep(buy) to sell within the range of 200pips 20 points .... haha sit tight to follow for more insight, boost ideal and comment what your view looks like .. THANKS ... Akcapitals✨Shortby Ak_capitalist8
XAUUSD H4 | Bearish BreakoutBased on the H4 chart analysis, we can see that the price is currently at our sell entry at 2315,(Breakout) Our take profit will be at2297, an overlap support. The stop loss will be placed at 2337, which is a swing-high resistance." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM7
GOLD- bull run exhaust ? What's next?#GOLD... Well guys market placed 2365 plus as day high in yesterday. That is our channel neck line as we discussed in our last idea, And that is our cut n reverse area as we discussed in our video analysis. So keep close it if market hold it then drop expected from here. In case market break that area then selling will invalidate and as I told you above 2365 is your cut n reverse area. Good luck Trade wisely by AdilHussain731333Updated 7
XAUUSD GOLDPair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame Impulse Correction Fibonacci Level - 78.60% Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Wavesby ForexDetective7
Gold on upside breakoutAs discussed throughout my yesterday's session commentary: "My position: Gold is delivering many Stop-loss hunts to the upside as my Stop attempts delivered throughout Asian sessions are not interfering with my Selling model (my Stop's are currently a bit wider than usual due current market conditions) as my #2,335.80 re-Sell order survived with #2,352.80 benchmark as my Stop. It is clash between Buyers and Sellers and I firmly believe in #2,300.80 benchmark test, however Buying pressure is evident and both sides are equally probable before eventual #2,300.80 benchmark test, however I will take the Risk and keep my order due many Profits I realized lately. If this is too much of a Risk, close the order and await next re-Sell opportunity." Technical analysis: The Hourly 4 chart’s newly formed Ascending Channel is still Trading Higher on a steady pace ignoring a Doji Star Bearish reversal attempt candlestick. If this steady rise continues then it should take another two sessions to take the Price-action to my estimated Short range which under the Bearish Daily chart is not unlikely. It is noteworthy to mention now that the (#1W) Weekly chart is very close to becoming critically Bearish which is Technically a Selling sign for the next #2 Trading quarters (especially as soon as #2,252.80 - #2,300.80 period is compromised). My position: My #2,335.80 re-Sell order triggered #10-point Stop-loss as I took the Risk and held the order over-night. As explained, Gold could aggressively fill both Support or Resistance zone however these are Fundamentally driven sessions where Gold is soaring without any signs of stopping and Trading such sessions brings huge dose of Risk as Gold might continue soaring all the way towards #2,400.80 benchmark, or aggressively lose value which is disastrous for one's capital. Even though it is Friday's session and Gold could extend the relief rally (besides critically Bearish Technicals), I repeat these are Fundamentally driven sessions and Selling such motions is very dangerous. However since I do expect equally strong decline to correct current Inflated Prices on Gold, I engaged Selling order on #2,367.80 with now Stop on breakeven with #2,327.80 as my first / optimal Target. If this fails, I will take no more orders and monitor the Price-action fluctuation from sidelines towards market closing. Once again Technical proper trend is distorted by Fundamentals. Patience is required.Shortby goldenBear88117
xauusd scalp signalfor the day 20/72024 xauusd is following a ranging pattern and now we will post a scalp signal for xauusd. sell limit entry 2330.50 tp 2329 2327.50 2325 buy limit entry 2322 tp 2324 tp 2326 tp 2329 use comfortable sl in both entries. trade with proper risk management. boost us follow us support usby realmillionairefxUpdated 8
Sell Gold @ 2326 - 2331Sell Gold @ 2326 - 2331 Friday 06/14/2024 07:47 AM EST 2341 StopLoss —> 2325.5 BreakEven+ TakeProfit 1: 2324 TakeProfit 2: 2322 TakeProfit 3: 2320 TakeProfit 4: 2318 TakeProfit 5: 2316 TakeProfit 10: 2306 TakeProfit 20: 2286 TakeProfit 30: 2266 Richard Eyo ~ The WizardShortby richardeyo90007
Will test 2180 confirmed 200 days moving average Gold now in Validation Setup , it will continue to fall further downward , it will test 200 ema before continuing upward direction many reasons can be seen as transaction never completed without retrace Shortby AktiePremium7
GOLD ROUTE MAP UPDATEHey Everyone, 2326 HIT - BOOOOOM!!! Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday. We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309 to re-attempt the open gap above or a break below 2309 will open the range below again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. 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 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 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 GoldViewFXby Goldviewfx1414116
GOLD BUY TO SELLI'm expecting a bullish run on gold before we finally sell it of .We had OB Rejections as clearly seen and i'm expecting that fvg to be filled.Although we might witness equal high creations within to grab some liquidity areas of key interest are2,397 to sellby Sirkuda6
wave iii(gold rush)The chart below shows gold trading lower since 7 June 2024. I believe the bottom is in at 2291 - we have started a gold rush to new highs above 2390. im looking for a pullback around 2310 to 2300 as our key, support this coming week. Once in that zone and it holds we can start looking for reversal patterns as an entry point for a long position. The next target would be 2291to complete the extended wave iii and an early exit position before the market moves lower.Longby Goldminer10Updated 6
GOLD traded slightly down, main technical trendEntering the first phase of the week, OANDA:XAUUSD decreased slightly due to high US interest rates making gold less attractive. Gold is on the defensive as US Treasury yields rose after Federal Reserve officials maintained a hawkish stance. Even so, the US dollar has not received any significant support, and in foreign exchange trading the Dollar is still weaker than other major correlated currencies. • Fed officials say there will only be one rate cut in 2024, via Minneapolis Fed's Neel Kashkari. Over the weekend, the Minneapolis Fed's Neel Kashkari discussed monetary policy, saying it was "a reasonable forecast that the Fed will ease policy by just 25 basis points (bps) in 2024." That would send US bond yields higher, making holding gold less attractive while the federal funds rate remains elevated. • Fed Harker said that based on his current forecasts, he believes a rate cut this year is appropriate, underscoring the signal that interest rates will likely remain high. “If everything goes as expected, I think a rate cut would be appropriate later this year,” Harker said. The data is fine." So we'll still rely on the data." • Philadelphia Fed President now predicts economic growth will slow but remain above trend and the unemployment rate will increase modestly. He also believes that returning to the Fed's inflation target will be a "long process." • China's central bank paused an 18-month gold purchase, which also put pressure on gold prices. China's central bank's gold holdings held steady at 72.8 million ounces in May. In addition, the market is also paying close attention to upcoming comments from New York Fed President John Williams, Philadelphia Fed President Patrick Harker and Fed Governor Lisa Cook. The US will release retail sales data on Tuesday, initial jobless claims on Thursday and preliminary purchasing managers index (PMI) data on Friday. These data are expected to help investors better understand current consumption levels and economic strength. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold is still trading modestly with a resistance confluence area created by the 0.236% Fibonacci retracement, horizontal resistance at $2,345, the 21-day moving average (EMA21) and the upper edge. The price channel is the main pressure area. Meanwhile, the current technical trend of gold price is still leaning heavily towards the possibility of a price decrease with the main trend from the price channel. In the immediate future, the support levels for gold prices include 2,305 - 2,300 USD. If the original price level of 2,300 USD is broken below, it will open up conditions for a new decline in gold prices with the target at 2,286 USD in the short term. limit and more than the 0.382% Fibonacci level. As long as gold remains within the channel and below the EMA21, its technical outlook remains bearish with notable technical levels listed below. Support: 2,305 – 2,300USD Resistance: 2,324 – 2,340 – 2,345USD 🪙SELL XAUUSD | 2351 - 2349 ⚰️SL: 2355 ⬆️TP1: 2344 ⬆️TP2: 2339 🪙BUY XAUUSD | 2299 - 2301 ⚰️SL: 2295 ⬆️TP1: 2306 ⬆️TP2: 2311by Xayah_tradingUpdated 7
SELL GOLDI am still bullish on gold up to 2357-2360 level which is my bullish target THEN I will be looking for sell positions at 2360. My stops will be above 2376 and my overall take profit will be at 2257. Always use proper risk management. Shortby GeminiWealthGroupUpdated 6
XAUUSD outlookBelow I will post another possibility because outlook is mostly bullish for the foreseeable future in the next couple of weeks however anything can happen and need to adapt to markets. We had week retail sales, lower permits than forecasted, higher unemployment many indications of a weaker dollar coming. I only want to trade the now so if/then DXY breaks below 105.312 strong bar close below I will start looking to re-enter the market for precious metals. However, the reason for the caution is because we are trade at the top of a bearish channel which could push price down unless it consolidates and expands or gives us a strong impulse candle to break through but on the other hand all TF are bullish. Tread lightly See second outlook below in updatesby BetterBusinessBullyUpdated 7