XAUUSD|GOLDGold scenarios! Based on harmonic pattern and also W in weekly time frame I think we may have some bearish trend in Gold! Share your thoughts in the comments.Shortby Asadimoayed553
Gold's rebound continues Sell, the target is still below 2300We are mainly bearish on gold in the near future. Now the gold price is still in a downward trend. As long as it rebounds, it will give a better Sell price. Yesterday, the gold price fell below the 2300 integer mark as expected. Today, it is likely to try the support of this area again. It is currently rebounding strongly, but I personally think it is just a rebound, not a reversal, so you can consider selling in this area, with a target of 2300. The gold 1-hour chart rose, but it still did not break through the high of 2326 after yesterday's US data. Under this position, gold is still dominated by shorts, but it is worth noting that if gold cannot fall quickly today, it may start to build a bottom structure. If it continues to rise and fall, and falls quickly, then the short trend of gold will not change.Shortby Get-rich-signal3
Gold rebounds and continues to sell, with the target below 2300Gold bulls are just a flash in the pan. Neither the positive CPI data nor the Fed can save gold bulls. Gold rose and fell yesterday. The end of the five-wave rise in the gold 1-hour chart ended the current round of gold rebound. Gold continues to continue the bearish trend. Gold is likely to break through 2300 again during the US trading period, setting a new low again. It rebounded near 2320 during the European trading period and then directly encountered resistance and fell back. The US trading rebounded below 2320 and continued to go short on highs. I plan to go short first when it rebounds near 2316.Shortby Get-rich-signalUpdated 9
World gold prices plummeted, any opportunities for investors?SELL 2320-2335 TP 228x Spot gold rate on the arena marketplace this afternoon June 14 stood at 2,313,3.7 USD/ounce, up 10.1 USD/ounce. Gold futures rate stood at 2,326.1 USD/ounce, up 9.6 USD/ounce. Thus, in comparison to this morning`s buying and selling session, international gold increased. Commenting at the gold rate trend, a few specialists consider that the gold marketplace continues to be below strain as traders hold to investigate facts on the US Federal Reserve's June financial coverage meeting ( FED). Any selections on financial coverage through the FED will rely upon the precise state of affairs of the economy. Despite being below strain, the truth that gold continues to be above 2,three hundred USD/ounce proves that consumers nonetheless actively don't forget corrections and rate drops as true possibilities to boom gold holdings. Although the FED is slower than different crucial banks in loosening financial coverage, as soon as the selection to reduce hobby charges is made, gold will boom. Investors are predicting that 64% of the FED will reduce hobby charges in September, down from 71% formerly predicted. Market analyst Carlo Alberto De Casa of Kinesis Money stated that, regardless of the strain, the truth that gold continues to be above 2,three hundred USD/ounce proves that consumers are nonetheless actively thinking about corrections and rate discounts as possibilities. Good possibility to boom gold holdings. Founder and Chairman David Rosenberg of Rosenberg Research stated that despite the fact that the FED is slower than different crucial banks in loosening financial coverage, as soon as the selection to reduce hobby charges is made, gold will boom. Last week, each the European Central Bank and the Bank of Canada determined to reduce hobby charges.Shortby Chart_MasterPro4
XAU/USD Poised for Significant Upswing from Key Support LevelHello Everyone, XAU/USD has established support around the 2286.855 level, which coincides with the previous monthly low. We are now anticipating a significant upswing to begin soon. TradeWithTheTrend3344Longby TradeWithTheTrend3344224
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 ideaXAUUSD looks good for a small upside but will see a good sell of the the below areas -2235 -2100 floor between 2035-1890 Currently not in any position will watch for a confirmation of a small floor to the upside then short down from my sell zone. Please note these are just my ideas and not financial advice. Will be looking for sells on Gold in the coming weeks. Have a good day 717 Shortby MillionaireMind717221
Gold buy (27pips)After the instant SL Hit we took on NFP Friday it’s time to collect some liquidity, expect a bull run on this trade as the market needs to balance the orders. This is only a trade idea. Use proper risk management and Happy trading OANDA:XAUUSD FOREXCOM:XAUUSD TVC:DXY Longby PLETHORAFOREXINSTITUTE4
XAUUSD - LONG - SHORT - LONGXAUUSD - LONG - SHORT - LONG Coming week very High volitivity week.. I'm expecting Gold's reaction can be as I show in the chart. trade with care and risk small. V.RaguLongby Ragunath-London7
XAUUSDGold price is likely to move to the downside on the 4-hour timeframe due to a breakout below the ascending trendline and completion of the Elliott Wave 3. Currently, a minor upward retracement to the 50% level suggests Wave 4 is completing. Once this retracement concludes, the price is expected to resume its bearish trend.Shortby forex_info2
Gold has clearly bearish order flow we go lower.daily breaker rejection as I predicted from my crystal ball. Now IFVG as resistance to the continuation to lows. Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔ Follow me for daily updates.Shortby Dave-FX-Hunter2
Gold showing Bears incoming .Gold showing Bears incoming by breaking 2332.63 and close below . but keep an eye on news for sure . if not .. wait for a reversal .Shortby rekoo20Updated 2
long term down trend is over?It seems that the increase in demand for gold does not allow a lower low to be formed. We should wait for a while and patiently enter into long postion, if we will sure of the weakness in the formation of lower low. Longby Goldminer10Updated 228
XAUUSD: Thursday 13/6 Analysis and StrategyGold technical analysis Daily resistance 2328-40, support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: On Wednesday, the US May CPI data was lower than expected. Gold was boosted by the unexpectedly weak US CPI report and hit the $2340 line. Later, it fell back due to the hawkish signal of the Fed's latest interest rate forecast, but the daily line still rose, rising for the third consecutive trading day. The gold daily line fell back after reaching a high. The daily line has experienced a rebound for three trading days. Yesterday, it was accompanied by a shock wash method of first touching the high and then under pressure. The previous rising neckline position of 2280~2290 will be repeatedly tested. Although the overall price of gold has entered a rebound rhythm, 2340 will become a strong resistance area for short positions in the short term. If it rebounds to 2340, it will be bearish first. The support below is around 2307. Secondly, if the weekly support of 2277 breaks, it will look at 2200. The short-term watershed between long and short positions is 2340. Before the daily level breaks through and stabilizes this position, the suppression and bearish rhythm will continue to remain unchanged. SELL:2328 near SL:2331 SELL:2340 near SL:2345 BUY:2277 near SL:2274 Technical analysis only provides trading direction! Shortby ActuaryJUpdated 4
XAUUSD - 15m Sell ScalpOn the 15-minute chart, XAUUSD is breaking below crucial support trendlines, suggesting an increased bearish momentum. The weakening support, indicated by the failure to sustain above these trendlines, points to a potential decline towards lower support levels. Traders should be cautious as the breakdown may accelerate selling pressure, leading to further downward movement in the gold price. Monitoring the price action closely around current levels could provide insight into whether the bearish trend will continue or if a short-term consolidation might occur before any recovery attempts.Shortby Sober_TradingUpdated 5
1H TF Hi traders would like to share my forecast for XAUUSD Hope you have profitable tradeby AziztvtUpdated 3
get ready to sell moreafter every sideways movement the breakout occurs and in this case we are in the bear and hoping the bearish market will continue. china has also started selling gold, dollar also looks bullish. good luck and manage risk wiselyShortby ForxTayUpdated 116
XAU Gold XAU Gold I am long on Gold entry and tp are mentioned. and trade is triggered now going to kiss our take profit soonby usamamalik748Updated 1
Solve a WEEKLY PUZZLE :)See the screenshot below. Imagine this is the only data you have and only timeframe. What will happen in the nearest future? Price will go up to green, stays in the grey range, or down to red? Answer in the comments with your arguments, and later I'll publish a video breakdown.Educationby Yelli_tradesUpdated 10109
Gold possible sellThe market can be funny sometimes, price reaching my target might not be successful, but Breakeven will be the next factor, almost gotten to my target then price reverse impulsively, not money lost and no money gained, I still stick to my trading planby MadsTheGoldminer330
GOLD LOOKS TO DECLINE .. After securing a weekly pullback.... gold implies to embark on bearish momentum as dxy looks to incline ... follow for more insights ... and bnoost ideas Shortby Ak_capitalist224
NASDAQ BUY NOWHi Traders we have XAU/USD Trade BUY. analysis made from H4 having formation of HH and HL and on H1 we failed to break to downside. Entry Reason: bullish engulfing candle stick support level Certified price action king Longby Low-keyFXtrader4
How to go through a LOSING STREAK better? 🍏1. Everything starts with preparation and true expectations. Losing streaks will happen from time to time, accept it if you want to be a good trader. Even the best traders on the planet have them. But it’s the reaction to them that separates good and bad traders. Know your probability of losing streak, based on your own backtesting and accept them before they even happen. Keep longterm focus! 🍋2. Make sure you’re practicing process based trading, not outcome based. Before every trade, ask yourself if anyone in the whole worlds can say the outcome of any individual trade? The answer is obvious - no one can do it. So is it rational to build expectation of a specific market moves in this individual trade, or nearest several trades - that they are completely uncertain and you are working with random distribution of your edge. 🥥3. Once in a streak, remind yourself about your testing. See that over the past 200 or more trades, you were profitable, at least RR wise. These 5-6 losing trades you’re having now are just a very small part of a huge data collection you did before, and they are part of random distribution. 🍈4. In a losing streak, there’s usually an urge to trade more to earn the lost $ amount back. It’s a mistake, as overtrading will lead to only one outcome - even more loss in short or longterm perspective. 🍎5. In the past, I wanted to reach some state of unbreakable consistency, "once and for all", and when I thought I did it, I started to expect things to be easy from now on and not to struggle or put effort, cause now I'm fully consistent. And that was exact moment when everything fell apart. The truth is, at least for me and for now, is that I need to make good decisions - mentally and technically - EVERY DAY and EVERY MOMENT, to actually prove I'm consistent. And consistency is dynamic, I'll continue to work on it, it's like gardening, when you need to put some effort everyday and it's never fixed or done, at least for me. Educationby Yelli_trades3311