XAUUSD Potential BUY Gold prices surged after news that U.S. inflation rose less than anticipated.Longby Ekehghara_11112
Bearish GoldGold will extend it's decline after breaking 2325, overall bias is bearish but only DXY direction will determine this biasShortby rejoicem76Updated 2
a short sell with little riskrisk reward is 5 low risk xa===market is ranging anything can happen likely to sellShortby harshkethwas9832
"Maximize Your Profits: Proven Gold Trading Strategies for 2024!Discover the best strategies for trading gold in 2024. Learn how to analyze market trends, identify key support and resistance levels, and make informed trading decisions. Whether you're a beginner or an experienced trader, these tips will help you succeed in the gold market. Short02:17by muntishabuilderUpdated 666
Trade Idea Gold It’s time for gold to come down Weekly is bearish Daily is bearish 4hr is also bearish Monthly is overbought Shortby Smokeythebear698
WAIT FOR RETRACEPrice moving slowly, for retracement. waiting for confirmation for selling at supplay zone marking with engulfing candleShortby dodogtg112
It is expected to move upwards from the specified area. It is expected to move upwards from the specified area. A long trade seems favorableLongby mostafanajafzadeh4311Updated 1
XAUUSD ANALYSISIm currently bearish for Gold as I do believe it will meltdown today, I can see a lower high potentially form on the hourly that could push price down to take the Asian low and possibly even lower. There will be some volatile news around 3pm so be careful.Shortby MordecaiClegg2
Gold waits for US data to break the trendline💥Gold is trading around 2336. Gold prices managed to hold above multi-week lows touched on Monday. The Fed's interest rate cut bet will limit the USD's recovery efforts and support the metal. Traders are now eyeing the US ADP report and ISM Services PMI for fresh impetus. 💥The market is currently waiting for the US jobs report for May, which will be released this week. This data can affect the interest rate decision of the US Federal Reserve (Fed). When interest rates fall, gold will benefit. If the jobs report weakens, gold could rise in the short term. Conversely, a stronger report will put pressure on precious metals, as the Fed "will have a harder time" cutting interest rates. In the absence of too many changes in gold price data, the next few weeks will likely move sideways, unless there is an unexpected geopolitical event that causes shelter demand to skyrocket. 💥The wide price range at which gold is trading is trending downward. 2350 and 2305 are the standard price range. To escape the golden border, you need to be sure to go beyond 2360 to form an uptrend and break down to 2300 to form a downtrend. In the short term, the two EMA lines are continuously sloping down and gold needs to surpass EMA 89 to align with the main trend of the market. Support: 2322 - 2315 - 2305 Resistance: 2338 - 2348 - 2354 - 2360 - 2374 BUY price range 2307 - 2305 stoploss 2301 SELL price range 2348 - 2350 stoploss 2354by TVS-TraderUpdated 17
Xauusd Long trade Enter buy position @ 2310 only if Trendline breaks at this price and retest the Trendline with tp1 2313, tp2 2315, tp3 2318 and tp4 2320. If Trendline fails to break @ 2310 than Enter buy position @ 2320 only if Trendline breaks at this price and retest the Trendline with tp1 2323, tp 2325, tp3 2328 and tp4, 2330. Sl 2% of your account. Trading requires patience so don’t rush to enter a trade let the trade come to you.Longby Ats9Updated 555
GOLD PRICE DECREASES LAST SESSION💵GOLD PRICE AND ECONOMIC INFORMATION Gold held steady above the $2,300 per ounce mark on Friday, on track for its first weekly gain in four weeks after falling over 1% in the previous session, as investors assessed softer-than-anticipated US inflation figures against the Federal Reserve’s updated interest rate projections. Thursday's data showed that the US PPI unexpectedly fell in May amid lower energy costs, indicating that inflationary pressures continued to subside. This followed cooler-than-expected consumer inflation data released last Wednesday. However, the latest dot-plot projections from FOMC members revealed that, on average, they anticipate only one 25 basis point rate cut this year, with four members forecasting no cuts at all. ✉️Deekop's Analysis: After the FOMC and CPI forecasts as expected, gold increased slightly to 2340 and fell in line with the FOMC's good USD direction. Today's milestone 2304-2308 is quite important. Gold will grind to break this mark if it wants to create a downward trend to conquer the 2291-2267 mark. 🔴SELL GOLD: 2319 - 2321, SL: 2325 (Sell retest dow + down vol) 🔴SELL GOLD: 2336 - 2338, SL: 2342 🟢BUY GOLD: 2282 - 2280 SL: 2276 ⛔️Breakout: 📈 Breakout on: 2325 📉 Breakout below: 2305- 2291 - 2286 - 2280 🔼Support: 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2317 - 2321 - 2325 - 2333 - 2338 Deekop's daily plans all achieve fixed profits GOOD LUCK EVERYONE👍Shortby Scalper_Ananda3
XAU/USD 14 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as analysis dated 11 June 2024. -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now printed a bullish CHoCH which indicates initiation of bullish pullback phase. 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. Previous intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI. Intraday expectation: Price to target weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart: by Khan_YIK2
gold shorts?yesterday i was looking for sells prior CPI , although the numbers were low. todays sentiment still doesn't change as i expect another push after this retracement. the HUGE green block is my FVG and the other 2 consists of OB and FVGShortby BM_ForexTraderUpdated 5
XAUUSD. Weekly trading levels 10.06.2024 - 14.06.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!by Forex_HobyUpdated 5
Bearish GoldAm not a fan of trading Friday however we have a continuation of the weekly candle direction and yesterday's daily candle we not expecting a complete change of heart from the institutions so we need a third touch of that trend line on that key level in orange just to retest or take out yesterday's low ,keep it simple 1:1 max 1:3 if the entry is looking good.Shortby Zim_12
XAUUSD H8 Shift of Momentum- Gold prices, closed lower for the second consecutive week while posting a fourth monthly gain. This suggests a complex market situation with potential short-term bearish sentiment but long-term bullish factors. After reaching an all-time high of $2,449.89 on May 20, gold prices have faced downward pressure, possibly due to profit-taking or long-liquidation by traders. - The April Personal Consumption Expenditures (PCE) Price Index, released on Friday, showed a 0.3% increase from the previous month and a 2.7% rise compared to the previous year. These figures matched what experts had predicted. However, inflation is still above the Federal Reserve's 2% target. Fed officials have said they need to see inflation decrease for several months before they consider cutting interest rates. This cautious approach has left traders unsure, with a September rate cut possible but not certain. June 3rd - June 7th View - Looking ahead, gold prices are expected to remain volatile, influenced by ongoing economic data and Federal Reserve policy signals. In the short term, gold may face downward pressure due to profit-taking or long-liquidation following the recent rally. The second straight weekly loss indicates some traders are securing gains amidst uncertainty over the Fed’s rate cut timeline. - However, the long-term outlook remains bullish, supported by expectations of eventual rate cuts, ongoing geopolitical risks, and the return of strong central bank demand.Longby GOLDFXCCUpdated 5510