XAUUSD PLAN After china stop buying gold, gold movement bearish. FVG area & fresh SBR 61.8 order flow zone & fresh qm 78.6 area. this 2 zone also fresh zone in Daily engulfing. TAYORby mohdnazreenmohdramli1
XAUUSD: Gold will likely recover strongly at the end of the weekXAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level. The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024. Jeffrey Christian, Managing Partner at American Government Group, commented: “The Fed neither lowered nor raised interest rates, so investors turned to less risky assets, including gold, thus the price of gold. increased very high and profit taking took place." Fed Chairman Jerome Powell said the inflation outlook issued by the Fed is a “rather conservative forecast,” that may not be confirmed by upcoming data and could be adjusted. Mr. Powell added that the better-than-expected CPI inflation data was something officials welcomed.by SantaTradeGoldUpdated 2
XAUUSD - Gold 4hrSimple trading - Trend breakout BULLS: No more bearish liquidity on the intraday timeframes. With new higher highs, Gold may have enough momentum to head towards 2330 and remain above the 2340 price. CPI Report came back negative which may allow gold to maintain above the previous support 2310-15. BEARS: Gold has NOT completely rejected the 4-hour HEADS and SHOULDER. This is because gold has broken above the neckline, Yes. But technically this could be the retest we have been waiting for. If the price falls below 2310 and fails to hold above the downtrend bottom channel, expect gold to freefall to the next support area. *These are just my thoughts, not financial advice. by nikdobii1
CFDs on Gold (US/OZ) UP to 2353$Hello, We've identified a current opportunity to buy CFDs on Gold (US/OZ) with a high probability and a favorable risk-reward ratio of over 2 in the Daily chart. Our target is $2353 in this week (Swing trade). IbrouriLongby Abdessamadibrouri1
XAUUSD UPTRENDXAUUSD UPTREND Take the support and resistant zones into consideration, you can see that it's the best time to open long position. Good luck :)Longby babakazar30Updated 1
XAU/USD Technical Analysis - 2H Chart: Bullish Breakout Hey traders, here’s the scoop on XAU/USD: Analysis Overview: ✅ Trend and Price Action: The price is currently trading around $2,309.17, just above the 21 EMA (yellow line at $2,310.23). There's an upward trendline providing support, indicating potential bullish momentum. Key Levels: Support: $2,306.02, $2,287.80 Resistance: $2,322.24, $2,350.38 Entry Strategy: Long Position: Look for a pullback to the support level at $2,306.02 and ensure a strong bullish candle closes above the 21 EMA ($2,310.23). That’s your potential entry point confirming bullish momentum. 🎯 Profit Targets: Target 1: $2,322.24 Target 2: $2,350.38 Risk Control: Stop-Loss: Set your stop-loss just below $2,306.02 to maintain a solid risk/reward ratio. This will protect you in case the market decides to turn bearish. Monitor price action closely. Trade smart! 📈Longby SheenaL1
Gold | Rising Wedge Pattern!GOLD is forming Rising Wedge pattern which indicates further downward momentum. Break out and retest is already observed and further downward is continue currently. The pattern completes at 2,161 which is the trend line support of the price. This is just my observation, do your analysis before take long or short positions.Shortby mbaberhanif1
XAU/USD: Will Gold Prices Continue to Decline or Rebound?Hello everyone, today let's join Rena to review some information and predict the trend for gold (XAU/USD)! Currently, gold is trading around 2,320 USD/ounce. If gold maintains above the support level of 2,300 USD/ounce, we might see a recovery towards the resistance level of 2,340 USD/ounce. Today's trend may continue to decline due to the strengthening USD and rising U.S. Treasury yields. However, if U.S. economic data is weaker than expected or there are new geopolitical factors, gold prices may rebound. What do you think about this prediction? Will gold prices continue to decline or will there be a rebound? Share your thoughts and let's discuss! Shortby Rena_Potter2
XAUUSD : Gold is focusing on Fed interest ratesThe world gold price recorded at 09:30 on June 11 according to Vietnam spot time was around 2,302 USD/ounce, down 8.50 USD compared to yesterday. Investors are trading cautiously as they wait for US inflation data and the US Federal Reserve's (FED) interest rate decision in the middle of this week. Derivatives trading involves high risks and may not be suitable for all investors. Therefore, consider carefully whether this transaction is suitable for your financial situation or not. Trading advice is based on information obtained from trading services and statistics and other sources Blue Line Futures, LLC is bullish. We do not guarantee that the information is accurate or complete, as it should not be relied upon entirely. Trading advice reflects our good faith judgment at a certain time and is subject to change without notice. There is no guarantee that our advice will lead to profitable trades. All trading decisions will be made by the account owner. Past results do not necessarily reflect future results.by SantaTradeGoldUpdated 2
Published weekly, PCE cools down but does not yet support GOLDAlthough PCE data shows inflation has cooled, gold prices OANDA:XAUUSD Still reversed Friday's gains and fell to close at $2,327/ounce. PCE data was in line with market expectations, but core PCE data was below analysts' expectations, suggesting inflation in the US is cooling faster than the market expected. So fundamentally the likelihood of the Fed cutting interest rates sooner rather than later increases. Lower interest rates tend to be positive for gold as they reduce the opportunity cost of holding non-yielding assets and precious metal prices increase following data releases. However, gold prices marked their weekly decline as the weekend trading session ended. Data that Fed officials received this week confirm that inflation remains on a bumpy but downward path, but policymakers are unlikely to change their view and are expected to continue continues to emphasize that they need to see more evidence of this. Government data released Friday showed the Federal Reserve's favored measure of core inflation cooled in April and rose at its slowest pace this year. First-quarter GDP growth was revised downward, with data showing a surprise drop in consumer spending in April. The reports painted a picture of the economy slowing, in line with what policymakers want to see, dispelling concerns that prices are rising rapidly, but officials may want to More such evidence in the coming weeks. Only then will the decision to cut interest rates have many prospects of being fundamentally realized. U.S. monthly headline PCE in April was in line with expectations at 0.3%, while annual headline PCE was also steady at 2.7%. Monthly core PCE fell to 0.2% in April from 0.3% in March and annual core PCE was unchanged at 2.8%. Personal income fell to 0.3%, down from 0.5% the previous month. Personal spending decreased from 0.7% to 0.2%. Chicago's PMI in May was 35.4, lower than the previous value of 37.9, significantly lower than the forecast of 41. According to the Chicago Mercantile Exchange (CME) Fed Watch tool, federal funds futures pricing data shows a 45.2% probability of keeping interest rates unchanged in September and a 25% probability of a rate cut. basis points (bps) is 47%. Data from the US Commodity Futures Trading Commission (CFTC) shows that during the week of May 28, net long positions in COMEX gold held by speculators fell by 14,751 contracts to 179,221 contracts. Fundamentally, it is clear that gold has certain conditions that support its ability to increase in price while macro data is still supporting the Fed to cut interest rates sooner. Lower interest rates increase the appeal of precious metals, especially gold. Noteworthy data and events next week Monday: US ISM manufacturing PMI, S&P Global Manufacturing PMI Wednesday: US ADP Employment Change, Bank of Canada interest rate decision, ISM services PMI Thursday: European Central Bank interest rate decision, US initial jobless claims Friday: US Nonfarm Payrolls (NFP) Data Analysis of technical prospects for OANDA:XAUUSD On the daily chart, although gold has had multiple recovery sessions from technical levels that acted as support for readers' attention throughout the previous issue at the price point of 2,324USD; but recoveries are limited by the 21-day moving average (EMA21), and EMA21 is also the current closest technical resistance. The weekly close was also right at the nearest support level at $2,324, a support level that has powered previous rallies but it has also been tested quite a few times and once it broke below, gold There are conditions to continue to reduce more with the target level then being around 2,305 - 2,300 USD. The RSI strength index is pointing down without reaching the oversold area, which shows that there is still technical room to the downside so the best possible area to start buying should be around 30% of the index. this newspaper. The case where the gold price has enough conditions to recover further is when it can surpass the EMA21. In the near future, in terms of technical factors, gold will lean more towards a bearish outlook. And the notable technical levels will be listed again as follows. Support: 2,324 – 2,305 – 2,300USD Resistance: 2,340 – 2,353USD 🪙SELL XAUUSD | 2346 - 2344 ⚰️SL: 2350 ⬆️TP1: 2339 ⬆️TP2: 2334 🪙BUY XAUUSD | 2299 - 2301 ⚰️SL: 2295 ⬆️TP1: 2306 ⬆️TP2: 2311by Xayah_tradingUpdated 3314
XAUUSD June 11, 2024 waiting for an opportunity to buy up?This week we have important news: CPI news. Last week's Nofarm newsletter provided indicators that allow the Fed to continue maintaining monetary policy as rising employment data gives the Fed confidence that people can still withstand tightening monetary policy. But with other recent data, the US economy is clearly being adversely affected by the Fed's monetary policy. On Wednesday, CPI news will be released and will clearly show us the Fed's trend in the near future. When the forecasted indicators are very positive for the Fed's work to control inflation. If the news is announced as expected, it could be a signal for the Fed to loosen its monetary policy. Looking at H4, we see the recovery after the sharp decline last week, signaling that wave 4 is forming. - Looking at the corrective wave structure, we see that there have been 3 corrective waves a b c and the current position of wave c has also reached the target area that we predicted the day before. - It is possible that wave C in the corrective structure or wave 4 as shown on the chart has now formed and we expect wave 5 to continue the downtrend. - Looking at the momentum of the H4 frame, we see that the H4 momentum has reversed to decrease in the overbought area, this reinforces the upcoming decline. - We measure the end target of wave 5 ending at 2 price target areas: area 2264 and area 2229. In the immediate future, we can look for sell down orders When the price continues to target wave 5, which is 2264 or 2229, we look for buy orders. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.Shortby DEEKOP1
XAU/USD 17-21 June 2024 Weekly AnalysisWeekly Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish internal iBOS followed by a bullish swing BOS Most likely scenario would be for price to pull back following bullish internal and swing BOS (Break Of Structure) First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a blue vertical dotted line. Last week's expectation dated 02 June 2024 was for price to pullback following swing and internal pullback and print a bearish CHoCH. The forthcoming week's expectation is for price to print a bearish CHoCH to indicate, but not confirm bearish pullback. Weekly Chart: Daily Analysis: Analysis/Bias remain the same as last week's analysis dated 09 June 2024 -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish swing BOS. Swing low confirmed and adjusted with swing high yet to be established. Due to the news on 7 June 2024 whereby China halted reserves buying, Gold sold off, however, from a technical analysis perspective swing and internal structure remains bullish and we are in a Weekly and Daily pullback phase, which has been assisted by the news. Expectation is for price to continue bearish, react at discount of internal or swing 50% EQ (swing is marked in black, internal is marked in blue) before targeting weak internal high which is denoted with a blue dashed line. It would not be unrealistic if price continued bearish to the internal or swing low, react at daily demand level before targeting weak internal high. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: by Khan_YIK1
gold ideaThis Is An Educational + Analytic Content That Will show entry ideas for trades. Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingViewby kF_pippinright1
GOLD - Deeper correction coming!!FOREXCOM:XAUUSD had a nice $100 drop on Friday with a further correction likely of the next week, but with Inflation data & Interest rates this week it could get wild. Firstly i'm looking for a low to come in then I will look to Sell on the first decent PB. First target is the ABCD from the top @ around 2250 but then we could hit the 382 from the October low last year just above 2200. This is the key level for the bullish continuation. Enjoy the week. Shorter TF levels to watch posted later with points to watch this week. Shortby L_FUpdated 1
Gold - Point of bearish continuationGOLD is currently in a bearish trend, but it is experiencing a temporary pullback from its recent lower low. A potential Bat pattern is forming, with the Potential Reversal Zone (PRZ) identified at 2376.512. If the price reaches this level, it is likely that bearish momentum will resume.Shortby AnalytixEdgeByQasim1
XAU/USD Market Analysis PlanDate: 16/06/2024 - 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. ❤ Longby Liquidity_Trap2
input condition Direction is downinput condition Direction is down. My 5m also waitedShortby ganbatoyunbat1
Gold bulls still need to wait for the right opportunity, maintai**Last Week Review:** Last week experienced CPI and FOMC economic expectations, and the weekly plan was realized. After the CPI announcement, the market reached 2337 before the U.S. session opened, defining the week's movement as complete. The subsequent market retraced to 2298, showing a slightly bullish pattern, and tested the 2337 level again on Friday. (Personally, I found last week's market movements very interesting and worth reviewing.) **This Week's Plan:** 1. Resistance at 2348. If 2337 is broken, the target is 2348, which presents a clear profit point. 2. Support levels are at 2282 and 2260. 3. Monday's intraday plan for the European and U.S. sessions: Monitor the breakout of Friday's narrow range, 2324 to 2335 (very close to 2337). **Personal Judgment:** - Gold still has upward momentum at the beginning of the week. The U.S. dollar is expected to peak and retreat after reaching 105.8. - If 2348 is broken and continues to rise, monitor whether 2348 becomes a peak. A short position can be considered, with a stop loss set at the intraday high (not more than 5 to 8 dollars). **Special Situation:** - If 2348 peaks and falls back to 2260, this range might scare off bulls. Looking back at June 7th, the fluctuation was also within this range. Risk-tolerant investors can hold a small position on the left side. - 2260, 2220, and 2188 (extreme position) are good cost levels for holding positions. **Related Products:** - Continuously monitor the trends of gold, the U.S. dollar, and U.S. Treasury yields. Last week, there was a significant difference between the trends of the U.S. dollar and Treasury yields, with the dollar rising and yields falling. Pay attention to whether this situation will correct; otherwise, gold will be difficult to trade.Shortby Kafu1989Updated 1
Gold Rebounds with Potential for Further GainsGold has found short-term support near 2300 and has rebounded, currently trading around 2330. Major indicators suggest that the bullish momentum has not been fully exhausted. There is a high likelihood of another upward movement in the US market today or early next week, with strong resistance expected around 2352. At that point, the bullish momentum may wane, entering a consolidation phase. If the indicators fail to signal a renewed bullish trend, gold prices could drop below 2300, with the next short-term target around 2268.Shortby faruk401
XAUUSD (GOLD) Long Swing Trade IdeaGraphs may look a little bit messy. Main point is price got imbalance and we hope it to get back to the point. Because, at the fundamentals, USD only gets negative news which let us grab from the bottom. Bottom, here is the trendline which is strong support for us that keeps going for more than 2 months. We will approximately wait until the end of the month, if less, until the end of next week. Good luck!Longby TetanForexUpdated 1
Gold analysis follow upHere is a follow up on my analysis this morning. I went long on Gold and this video shows the result01:30by DrBtgar1
Repeating big and small patterns on XAUUSDAs you can see on all time Gold, the pattern repeats in all timeframes. There is the exact same pattern for the weekly as for the daily and so on. The latest double peak repetition (in violet) looks like a repeating failing trend.. You know like the ones that alarm us to exit an investment early. Its possible Gold will not arrive at this high for a long while if the big pattern is really a double top. Get ready for many sells on Gold :)by Underlayer1
GOLD - SELLGold is in short term bearish trend: 1. Bearish Flag Breakout 2. ABCD Chart Pattern is continue. 3. Bearish Trend is retraced up to 50% of Fib Level. Shortby aliejaz7321