Gold sell 2365 Tp- 2288 & more99% accurate sell zone, everyone try this level, because this is last level of downtrendShortby Goldoperator-Mohit448
Profited $18K, Fed rate decision, continue to short gold!Although gold rose beyond expectations and broke through 2335 today under the stimulus of CPI data, we still won a big victory in the short position! We added short positions near 2332 and 2338 respectively. Gold fell back quickly after touching 2341, and we closed the position manually near 2325; then when gold rebounded to 2330, we shorted gold again and closed the position manually again near 2323. Obviously, I made more than $18K in profit from today's short trade. Very considerable income! The Fed's interest rate decision and Powell's speech later may exacerbate the short-term volatility of gold. Of course, this is also an opportunity for us to participate in transactions and make profits. In fact, for now, judging from the recent US economic data, I think the Fed does not have the conditions to cut interest rates immediately, so it is very likely to postpone the rate cut, thereby suppressing gold; and Powell's speech is likely to express an optimistic attitude, thereby supporting the rise of gold, so in the next period of time, gold may fluctuate violently back and forth! From a technical perspective, I think gold is likely to hit the 2350-2355 area during the violent fluctuations. If gold breaks through this area strongly, it may even reach around 2370. So after closing the short position to make a profit, I have not participated in short trading again. But even if I am bullish on gold now, I will not chase the rise of gold. I may even try to short gold in small batches in the 2350-2355 area. If it breaks through this area strongly, I will choose the opportunity to short gold again in batches around 2370. 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
Can Gold go below 2,300? Despite gold targeting prices as high as 2,600, the buys are taking a brief stop just to grab some liquidity around 2,300. We have seen Accumulation phase, Manipulation phase, and with the weakening of the dollar due to a negative CPI, Gold has come back to fill the sell side inefficiency, hence we expect Distribution phase to begin from within the region. Shortby skylinefabulous3
GOLDUSDThe commodity is in down trend. after taking some breath and priting a HH the commodity made a bearish flag pattern which is continuation pattern. Short can be taken once the price break the LL.Shortby kiki_crypto2
Gold can correct to support level and then rebound up to 2345Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some days ago price started to trades inside an upward pennant, where it at once made a strong impulse up from the support line to the resistance line, which coincided with the seller zone, breaking 2285 and 2415 levels. Soon, the price turned around and in a short time declined to the support level, which coincided with the support area, after which started to grow to a resistance line. When the price reached this line, it two times tried to break it, and on the second try, Gold broke the resistance line, thereby exiting from the pennant and continuing to move up to the seller zone. After the price entered to seller zone, it soon turned around and in a short time declined lower the 2415 resistance level, making a fake breakout of it. After this, the price rose to the resistance line, after which rebounded down to the support level, but a not long time ago it bounced and started to grow. In my opinion, the price can correct to the support level, after which Gold turns around and rebounds up to the resistance line. For this case, I set my target at 2345 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀 Longby LegionQ8226
check the trend It is expected that the price will fluctuate in the current resistance range and then a trend reversal will take place. Then the continuation of the downward trend until the previous bottom range is created. If the price stabilizes above the resistance range, the upward and fluctuating trend is likely to continueby STPFOREX2
GOLD- PullbackGold almost completed my first target price at 2.277$ last week Friday. Before we could see another drop there should be a pullback first as the Friday decline was nearly 4%. What are the possible targets for this pullback? 1. Fibonacci 23,6% at 2.310$ and the breakdown level at 2314$. (RED rectangles) 2. Fibonacci 38,2% at 2.325$ . (ORANGE) 3. Fibonacci 50% at 2.337$ or the weekly 10 SMA at 2.340$. (GREEN) Weekly 10 SMA backtest: by chartwatchersUpdated 335
US CPI Report Set to Influence Fed Decision and Market SentimentUS CPI Data Expected to Show Moderating Price Pressures Ahead of Fed Decision Key Highlights: Expected CPI Rise: The US Consumer Price Index (CPI) is forecast to rise by 3.4% year-over-year (YoY) in May, maintaining the same pace as in April. Core CPI Inflation: Annual core CPI inflation is anticipated to slightly decrease from 3.6% in April to 3.5% in May. Impact on US Dollar and Fed Rate Cut Expectations: The upcoming inflation data could influence the US Dollar value and market expectations regarding a September rate cut by the Federal Reserve (Fed). Detailed Analysis: Upcoming CPI Data Release: The Bureau of Labor Statistics (BLS) is set to publish the highly anticipated Consumer Price Index (CPI) inflation data for May on Wednesday at 12:30 GMT. This report is expected to bring intense volatility to the US Dollar, as any surprises in the inflation figures could significantly impact market expectations for the Federal Reserve's rate cut decisions in September. Inflation Expectations: Overall CPI: Expected to rise by 3.4% YoY in May, consistent with April’s rate. Core CPI: Forecast to inch down to 3.5% YoY from 3.6% in April. Month-over-Month (MoM) Changes: The CPI is anticipated to increase by 0.1% in May, down from a 0.3% rise in April. Core CPI is likely to hold steady at a 0.3% MoM increase. Federal Reserve’s Stance: In a recent moderated discussion, Federal Reserve Chairman Jerome Powell adopted a dovish stance, expressing lower confidence in inflation moving back down and suggesting it is unlikely that the next move would be a rate hike. Powell's comments came just before the April CPI data release, which showed softened headline and core inflation. Labor Market Impact: A strong US labor market report, showing a substantial increase in Nonfarm Payrolls and higher-than-expected Average Hourly Earnings, has tempered market expectations for a September rate cut. Despite earlier optimism for rate cuts, the robust labor data has led markets to reassess the likelihood of such cuts. Banks' Expectations for CPI: Goldman Sachs: Predicts CPI to be at 3.3% year-over-year, slightly lower than the previous month. JP Morgan: Expects CPI to remain stable at 3.4%, indicating no significant change. Morgan Stanley: Anticipates a slight decline to 3.2%, reflecting easing inflation pressures. Bank of America: Foresees CPI at 3.3%, aligning with a gradual slowdown in inflation. Analysts’ Forecasts: According to TD Securities analysts, core inflation is expected to slow to a "soft" 0.3% MoM in May, with the headline likely rising by a softer 0.1% due to a significant decline in energy prices. They also noted a potential for a dovish surprise with an unrounded core CPI forecast of 0.26% MoM. Conclusion: The upcoming US CPI data release is crucial, with potentially significant impacts on the US Dollar and market expectations for Federal Reserve rate cuts. A CPI reading in line with expectations could reinforce current market positions, while any deviation could trigger substantial market volatility. This comprehensive analysis outlines the expectations and potential impacts of the upcoming CPI data, providing valuable insights for market participants.Educationby SroshMayi4
2 reasons for gold to reverse, 2 for continuing droppingReason 1 for bullish is, course picked up volume and reverses at daily floor. Secondly RSI in H4 is showing convergence, it could drop further along the floor and then take a turn around. Reasons to continue are first of all the liquidity gap below our range: As Gold had reached an all time high few weeks ago, it could look towards consolidating in a lower daily channel. Furthermore, momentum is incredibly strong at an Asian Market hour where less people are aware of the big moves happening. Another reason could be that all contracts from before were skipped in order to reach a lower range. As long as I do not see clear reversal structure in H1 I would keep looking out for shorts, as those have a higher probability to reach maximum distance. If course reaches below 2080 with candle close in a significant time frame, I am expecting further dropping towards 2011. (beware of fake outs)by UnderlayerUpdated 1
Gold Trading in Bearish watersFundamental analysis: Even though Bear cycle has started, Gold is delivering Bullish spikes however they are not as aggressive as they were. The decline on Bond Yields also helped (panic capital) as it is well known that when Bond Yields are losing with every Hourly candle, Gold should benefit. Gold is slowly approaching the #2,252.80 psychological benchmark on Spot prices as I expect it to be realized before Friday’s session (end of the week) on current Selling leg. Despite the fact that DX is still on a Medium-term Ascending Channel and well Supported on Daily Chart, Gold is pushed Higher (apart from the obvious Bond Yields Sell-off effect) as Fundamental developments are progressively adding Buying pressure on Gold and in most cases without any firm reason Buying is favored lately. Technical analysis: After testing and breaking #2,300.80 benchmark, I am even more certain in my Bearish outlook (remember my Lower Low’s strategy that Gold always delivers #3 Lower Low’s and #3 Higher High’s and then price a Natural correction to normalize Overbought or Oversold levels). I expected small pullback again where I would engage new set of Selling orders, pursuing #2,300.80 once again and #2,252.80 in extension. On every fiscal crisis and World’s economy on a decline, Gold is rising as an safe-haven (on High demand) asset and DX engages Buying rally once crisis is on the very own beginning, and gradually loses value as Investors step deeply into the crisis. Regarding today’s session / Critical day for Gold as it is on crossroads for the Short-term. The Daily chart remains an Descending Channel and Hourly 4 chart already Priced in a small correction / pullback motion. All are (Xau-Usd) Spot prices numbers. Hourly 4 chart completed #5 almost straight candles for the first time since February #15 (accomplishment rarely seen lately) which means that if today's candle closes below #2,300.80 benchmark, my estimations are pointing to #2,252.80 Weekly Low’s and local Lower High's Upper zone. My position: As yesterday's session contained Stop-loss hunt, I have set my Stop wider and fortunately I was not stopped out. However I have closed my order on breakeven and will Trade the CPI later on throughout the session as I will re-Sell Gold as Higher as I can ahead of the news. Regardless CPI or not, I do expect #2,300.80 and #2,252.80 Targets next.Shortby goldenBear882213
Gold short Entry AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.Longby AronnoFx3
Safeguarding Gold Investments: Long-Term Protection StrategiesIn this comprehensive guide, we delve into the essential strategies for protecting your gold investments over the long term. Gold has been a reliable store of value for centuries, but it is not immune to market fluctuations and economic uncertainties. We explore various methods to mitigate risks, including diversification, hedging techniques, and understanding market indicators. Additionally, we provide insights into the geopolitical and economic factors that influence gold prices, helping you make informed decisions to secure your portfolio against potential downturns. Whether you're a seasoned investor or new to gold trading, this guide equips you with the knowledge to maintain and grow your wealth through prudent long-term protection strategies. by mohammedaanzi01
XAU/USD Market Analysis PlanDate: 12/06/2024 - This analysis is a case study only, a study of investment advice and does not provide signals to inform you of responsibility for the actions to be taken. ❤ Shortby Liquidity_Trap3
recovery to the DOWN trend ! retest XAU ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell during the Asian session on Tuesday due to a fresh supply. This decline comes after a slight recovery from a one-month low caused by positive US jobs data. The decrease in bets for an interest rate cut by the Federal Reserve (Fed) in September has kept US Treasury bond yields high, strengthening the US Dollar (USD) and reducing demand for gold. Additionally, the People's Bank of China (PBoC) has significantly decreased its gold buying activities in May, ending a year-long buying spree. Despite this, political uncertainty in Europe and geopolitical risks could prevent further losses. Traders are advised to monitor the release of the latest US consumer inflation figures and the FOMC decision on Wednesday. ⭐️ Personal comments NOVA: Short-term recovery at the beginning of the week - retesting the resistance zone. Sideway waiting for important FOMC information ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2270 - $2268 SL $2263 TP1: $2278 TP2: $2284 TP3: $2292 🔥SELL GOLD zone: $2320 - $2322 SL $2325 scalping TP1: $2315 TP2: $2308 TP3: $2300 🔥SELL GOLD zone: $2338 - $2340 SL $2345 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-ScalperUpdated 6623
GOLD PLAN 6/11 World gold had a recovery day increasing around 2310 yesterday after a sharp decline last weekend. Gold remains tilted to the downside as expectations for a Fed rate cut decline – Markets await CPI data and the Fed's interest rate decision on Wednesday night. Forecast data along with the decision will provide a picture greater clarity on inflation rates and potential changes in the monetary policy trajectory. Gold is still tilted downward when US Nonfarm payroll data released last Friday was better than expected. This leads to the FED being able to keep interest rates high for a longer period of time. This, in turn, has had an immediate bearish impact on Gold by increasing the opportunity cost of holding the non-yielding precious metal, making it less attractive to investors. Market participants remain largely focused on the Consumer Price Index (CPI) for May and the Federal Reserve (Fed) meeting, both taking place on Wednesday. Since Monday and Tuesday's trading session did not have any major highlights, investors are keeping their eyes glued to upcoming events. The forecast data along with the decision will provide a clearer picture of the inflation rate and potential changes in the monetary policy trajectory. The Fed is not expected to make any changes this week, focusing on comments from Fed Chairman Jerome Powell and changes to policymakers' economic forecasts. That means the first rate cut could come at one of the last three FOMC meetings of the year – September, November or December – or until 2025. Adding to the uncertainty, The US is preparing to release consumer price inflation data in May ahead of the Fed's decision. Economists surveyed expect inflation to cool. This could affect the Fed's interest rate outlook to some extent. In summary: Gold had a recovery day after the previous sharp decline. However, gold is still inclined to decline as expectations of FED interest rate cuts decline. There was no important economic data released from the US today, the market turned to CPI data and the FED's interest rate decision on Wednesday night. About the technical angle. Gold recovered after a sharp decline at the end of last week. Currently, gold is moving stably above the psychological support zone of 2300, but the resistance level around 2315 needs to be overcome to extend the recovery momentum. Support: 2300 - 2286 - 2280 - 2274 - 2268 - 2259 Resistance: 2315 - 2320 - 2325 - 2338 🟢BUY price range 2277 - 2279 stoploss 2274 🟢BUY price range 2270 - 2268 stoploss 2265 🔴SELL price range 2320 - 2322 stoploss 2325 🔴SELL price range 2338 - 2340 stoploss 2343 Longby WinlouhUpdated 4
GOLD 4D TF BearishGold Market Outlook Fundamental aspects - Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies. - Tomorrow we have CPI data. If the upcoming Consumer Price Index (CPI) report shows higher-than-expected inflation, the likelihood of the Fed delaying rate cuts could push gold prices below this level 2,277. Additionally, if the Fed’s dot plot indicates minimal or no rate cuts this year, gold could face further downward pressure. - Considering the current strength of the U.S. dollar, the approaching CPI report, and the expected Fed stance on interest rates, the short-term outlook for gold remains bearish. If inflation data and Fed projections support a delay in rate cuts, gold prices are likely to break below the key support level of $2,277.34. Traders should stay vigilant and monitor these developments closely as they impact the gold market. - The Federal Reserve’s June meeting with a policy decision expected on Wednesday. The Fed is widely expected to keep interest rates unchanged. However, economic projections are anticipated to show fewer rate cuts than previously expected due to persistent inflation. High interest rates reduce the attractiveness of non-yielding assets like gold, as investors prefer bonds and other yielding investments. Technical View The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If this creates enough downside momentum, then look for the selling to possibly extend into the last swing bottom at $2,277.34. This could trigger an acceleration to the downside with the next target bottom at $2,146.15.Shortby GOLDFXCC5
GOLD BUY ENTRYSL = 50 Pips ——— 🚨 Please Always Use Proper Risk Management and Trade Management 🚨 Mind you - Trading always results in a Profit or Loss outcome, You don't have to trade everything you see in the market. Trade only Good setups and we know them when we see them - Be Patient. ⚠️ PROP TRADERS: Risking 0.5% to 1% per trade is a good risk - Don't try to meet your target profit in one go. ⚠️ Be mindful of FOMO - It's best you wait for a better setup than setting yourself up. LESS IS MORE & PATIENCE IS KEY - MaximMintzLongby MaximFxBossUpdated 8
Continue to short gold after the reboundToday, gold still maintains the overall shock structure. In the short term, gold is in a weak rebound stage, but the rebound strength is relatively poor. Gold touched 2314 overnight and then fell again, and once fell below 2300 during the decline. From this point of view, the strength and space of gold's rise in the short term are limited, so in the past two days of trading, I have tried my best to avoid chasing gold. On the other hand, although gold has not made any actual breakthroughs in the short-term decline, and there are signs of a rebound in the short term, it seems to give bulls hope, but I think this hope is likely to turn into disappointment. First, it is difficult for gold to surpass 2320 in the short term, and second, gold will still fall below 2300 during the decline. From the above two points, it seems that gold bulls are not very firm and may fall again and continue at any time. Therefore, in today's trading, I will still insist on shorting gold after it rebounds. First, pay attention to the short-term 2310-2315 resistance area on the upside; during the period of gold's volatility, first pay attention to the support of the 2295-2290 area below. 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 3
Gold- New leg of correction before big drop?As you know from my previous posts and videos, I'm strongly bearish on OANDA:XAUUSD . However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible. Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315. There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop. A good zone to watch for short entry signals is slightly above 2320. My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.Shortby Mihai_IacobUpdated 101032
Gold is currently exhibiting bullish trend activityTechnical Analysis: Gold Gold is currently exhibiting bullish trend activity. The price is stabilizing in the bullish zone and is expected to continue rising towards the bullish targets of 2321 and 2327. A break above 2328 would indicate a continuation of the bullish trend towards 2357, especially in anticipation of the CPI and FED rate decisions tomorrow. Bullish Scenario: As long as the price remains above 2302 and 2292, the bullish trend is expected to continue towards 2321. If it breaks above this level, the next target is 2357. Bearish Scenario: For a bearish trend to develop, the price must break below 2292 on a 4-hour candle close. This would signal a move towards 2278 and potentially 2260. Key Levels: - Pivot Line: 2302 - Resistance Lines: 2320, 2333, 2357 - Support Lines: 2278, 2260, 2248 Today's Expected Range: The price is expected to move between the support level of 2292 and the resistance level of 2328. Longby SroshMayiUpdated 16