Gold short tradeSell limit 2351.2 Sl: 2359.5 Tp: 2333.5 RR: 1:2 All the best :)Shortby sadiya_trade786Updated 337
US GDP data is weak, let's see if US PCE data can turn the tide On Thursday, as GDP data re-boosted market confidence in rate cuts, the US dollar index retreated from its highest level in more than two weeks, and finally closed down 0.433% at 104.68. U.S. Treasury yields collectively pulled back, with the 10-year Treasury yield eventually closing at 4.556%. The 2-year Treasury yield, which is most sensitive to the Fed's policy rate, finally closed at 4.933%. The three major U.S. stock indices closed down collectively, with the Dow Jones Industrial Average down 0.86%, the S&P 500 down 0.6%, and the Nasdaq down 1.08%. Major European stock indices rebounded across the board, with the German DAX index closing up 0.13%, the British FTSE 100 index up 0.59%, and the European Stoxx 50 index up 0.38%. Risk warning on Friday At 17:00, the initial annual rate of the eurozone CPI in May and the monthly rate of the eurozone CPI in May. At 20:30, the annual and monthly rates of the core PCE price index in April in the United States and the monthly rate of personal spending in April in the United States. Gold prices were supported by a downward revision to the U.S. GDP data for the first quarter, which dragged down the dollar and U.S. Treasury yields. The dollar fell after hitting a two-week high in early trading, making gold more attractive to holders of other currencies. In addition, U.S. Treasury yields fell after data showed that the world's largest economy grew at a slower-than-expected pace in the first quarter, which also provided support for gold. On the other hand, market expectations for a rate cut by the Federal Reserve have increased, which is also a positive for gold. The market expects the U.S. PCE price index to grow 2.7% year-on-year, exceeding the Fed's target of 2%, which may have an impact on the timing of the Fed's rate cut. At the same time, the number of U.S. home purchase contracts signed in April hit the largest drop in three years, showing consumer concerns about the real estate market, which may also increase the appeal of safe-haven assets. However, the U.S. labor market remains strong, with initial jobless claims rising, but there are signs of continued fundamental strength in the labor market and will continue to support the economy. This may have a certain constraint on the Fed's decision to cut interest rates, thereby limiting the upside for gold prices. Gold prices rebounded after hitting a three-week low on Thursday, affected by the downward revision of the U.S. GDP data for the first quarter, which dragged down the dollar and U.S. Treasury yields. Today, short-term attention is paid to the support of the 2335 area below, and try to go long on gold after stabilization. At the same time, today's focus will shift to the personal consumption expenditure (PCE) price index released on Friday, which is the Federal Reserve's preferred inflation measurement indicator and may have a greater impact on the timing of the Federal Reserve's interest rate cuts, thereby affecting the trend of gold prices.Longby Yuliya10Updated 119
XAU USD Strong Bull ComingXAUUSD this is my Analysis I believe in my analysis You see and Boom market Is coming Big Rally 2480-2500 In Coming days by hamihayat228
Swing Trend XAUUSDSwing Trend XAUUSD Primary : Down Trend Secondary : Down Trend Minor : Down Trend Entry Sell at Order Block and Reversal Pattern, then Take Profit at Range Volatile Day Low and Stop Loss at Cancel Minor Trend.Shortby CoachGoii_SuperTrader228
Gold analysis !!!www.tradingview.com gold is currently trending within an ascending triangle approaching the 2354 resistance level. should it break through the 2354 maek the asset may be driven to retest the 2387 level Longby Goldxking119
Selling order engaged / #2,300.80 TargetedTechnical analysis: DX again reversed (# -0.37%) and it is no surprise that it is pushing Gold Higher, Buying every dip towards #2,350's Resistance zone. No doubt that Gold is also affected by the effect of DX policy remarks, testing the #104.500 Support and correlation standpoint will be visible from today’s U.S. session. Not surprisingly, last week’s DX developments, which were later on strongly Sold, had High impact on Gold. This tight balance keeps the Hourly 4 chart’s Descending Channel valid in High Volatility belt as I am keeping #2,320's as next Higher High's Lower zone. I have noted that Gold Traders will witness this Volatility until Fed announcement and then, by my analysis I expect further downturn followed by Lower High's test, as Gold always gives #2 additional Lower Low’s and then prints an healthy rebound. Gold is Trading on possible Dead Cat bounce as I found new cycle that Gold always delivers #100 - #150 point correction after testing new High’s (that is why I expected current #150-point decline on Gold). Keep in mind that Hourly 4 chart’s #MA200 got invalidated to the downside for the first time since February #23. Prior to each decline on Weekly chart (#1W) coupled with Selling signal on MACD, Gold delivered parabolic multi-Month decline towards either #MA50 or #MA200. If there are no Fundamental surprises, Gold is set for multi-Month Bearish cycle on Gold. My position: I have engaged Selling order with #2,348.80 entry point, #2,300.80 benchmark remains optimal Target for the fractal. I do believe that Gold might re-test #2,350's Resistance zone before #2,300.80 aggressive takedown test.Shortby goldenBear88118
GOLD (XAUUSD): Support & Resistance Levels For Next Week Here is my latest structure analysis and important support & resistance levels/zones to watch and trade on Gold next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader2210
Gold is the main selling point today (5/30)Deep target for gold during the day can reach 2310 and at night it can be sold down to 2289 or 2279 The immediate sell zone is at 2359-2361 SL 50 pips per entry TP 2355-2350-2345-2330 - Open The buy zone in the Asia-Europe session is at 2327-2330 SL 2324 City 2333 - 2337-2342 US session buy 2289 - 2287 and 2279 - 2277 SL 50pips per entry TP 50-100pips per entryShortby WinlouhUpdated 228
Big longs in COT data spotted. I remain bullishGold is around ATH. Dropped to the lower band of ascending change and rejected from the OB. I see the potential of growth continuation up to the 2500 territory. In COT we can see a large number of longs added. It could mean bullishness also. 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 ⚔Longby Dave-FX-Hunter227
📈🔔 *Attention Investors! XAUUSD Rally Alert!* 🔔📈📢 Attention traders! 💥 XAUUSD is on fire, setting new highs with precision! ⚡ Check this out: 🔎 XAUUSD Insight: 📉 Locked in a fierce contest between 2353 and 2361. 🧐 Is a breakout near? 🔻 Downside Watch: 🔻 Stay cautious for potential drops if it dips below this range! 🎯 Targets: 2345, 2343. 🔺 Upside Watch: 🔺 Look for buying signals if it rises above! 🎯 Targets: 2368, 2370. 💬 Engage with Us: 💬 Share your thoughts as we navigate this exciting market! 📢 Let’s achieve greatness together! 🚀✨by hanalyeeforex226
GOLDBullish buyers can be confirmed on breakout above of this structure. if that happens therefore we looking at running flate.....Longby Mntungwa87117
Outlook bearish market? If we look into the weekly time frame, notice the bearish ungulfing candle pointing out lots of selling momentum in the market. Last friday gold broke a important channel retested it and gold crash followed. In the bigger timeframe picture we have confirmation for posible more fall for gold. Shorting the market for this week seems more preferable. But that doesnt mean we can't go long shortterm in the gold market. We need to focus on certain resistance levels in order to go short again. Between 2355 and 2366 seem to be a good short zone. But priceaction is key to this. I only short market with limit order when zones fresh and no orders has been taken yet. other way should be priceaction confirmations. Expecting midterm short target to be 2330 and longterm 2307. resistance: 2355, 2366, 2372 support: 2345, 2332, 2320Shortby ForexGoldIntradayUpdated 226
Gold prices rose for four consecutive months, and important data This week, the spot gold market showed a range of fluctuations, with the amplitude significantly narrowed compared with the previous period. After the PCE data was released on Friday, it rose only briefly and then quickly turned to a decline, recording a decline for the second consecutive week. It is worth noting that although gold rose for the fourth consecutive month in May, the monthly amplitude was significant, exceeding $170, indicating that market volatility is still high. The Fed's interest rate cut expectations once again ushered in "good" news. The recently released economic and inflation data were both revised down, and the core PCE was lower than expected, but gold did not take this opportunity to break upward. The US economic and inflation data in the first quarter performed poorly, and the unemployment rate rose year-on-year in some areas, indicating that the economy may be weakening. In addition, the rise in 30-year mortgage rates also put some pressure on home purchases and refinancing demand. The inflation indicator favored by the Fed continued to cool, and the core PCE monthly rate in April recorded a new low. After the release of this data, investors' expectations for the possibility of the Fed's first interest rate cut in September have increased. However, the market remains cautious about the Fed's decision because the Fed needs to make a difficult choice between balancing inflation and economic growth. Although the consumer confidence index unexpectedly rose in May, with average expectations reaching the highest level this year, the market remains cautious about the impact of the Fed's high interest rate policy. Fed officials have recently stopped saying they expect further tightening this year, but officials who have been intensively dispatched after the short holiday still refused to predict the specific time of the first rate cut. In the statements of officials, we can see different voices. "Big Hawk" representative Kashkari believes that the monetary policy stance is still restrictive, but has not completely ruled out the possibility of further rate hikes. He personally predicts that the number of rate cuts this year will not exceed two. Director Bowman supports slowing down the balance sheet reduction or slowing down at a smaller scale, believing that caution is needed when the use of reverse repurchases is still large. Dallas Fed President Logan holds a different view. He believes that high interest rates may not be as restrictive to the economy as policymakers expect, so all policy options need to be retained to maintain flexibility. However, some officials are more optimistic about the prospects for rate cuts. New York Fed President Williams said that there is sufficient evidence that monetary policy is restrictive, interest rate hikes are unlikely, and inflation is expected to continue to fall in the second half of this year. Although Atlanta Fed President Bostic does not think there will be a rate cut in July, he also hinted that if September is suitable for a rate cut, the Fed will take action, but not for political considerations. The market generally expects that at the upcoming policy meeting, Fed officials may lower their forecasts for the number of rate cuts this year from the previous three to one or two that are closer to the current expectations of the financial market. Judging from the pricing in the interest rate swap market, option traders generally believe that the Fed will maintain high interest rates for a longer period of time. In addition, the suggestions made by Cleveland Fed President Mester are also worth paying attention to. She suggested that the Fed statement should be longer and an anonymous matrix should be published to show the series of forecasts of the corresponding figures in the SEP. This suggestion may increase the transparency and predictability of monetary policy. The Cleveland Fed has appointed former Goldman Sachs partner Hammark as the next chairman, who will bring new perspectives and experience to the Fed in finance, capital markets and risk management. In addition, the latest Beige Book released by the Federal Reserve also revealed some new dynamics in the US economy. Since early April, most Fed districts have seen moderate economic growth and inflation, consumers' price sensitivity has increased, and retail spending has remained flat or grown slightly. This shows that although the US economy is still expanding, the growth rate has slowed down and it is facing the pressure of continued inflation and high interest rates. The Beige Book also mentioned that companies have become more pessimistic about the future prospects, which may further affect economic growth. In the next June, the market will usher in a series of important economic data and events. The first is the release of non-farm data in May, which will directly reflect the situation of the US labor market. If the unemployment rate continues to rise, especially if it reaches 4%, then the alarm of the labor market may have sounded, which will force the Fed to consider starting insurance rate cuts in advance. Next is the May US CPI data and the convening of the FOMC meeting. These two major events will jointly determine the market trend. The release of CPI data will reveal whether inflation will continue to decline, and the statement of the FOMC meeting will directly affect the market's expectations for future monetary policy. In particular, the release of the dot plot will reveal the forecasts of Fed officials for the number of interest rate cuts this year. If a voting committee lowers the expectation of interest rate cuts within the year, then the number of interest rate cuts expected by the entire Fed will decrease, which will have an important impact on the market. We also need to be alert to a more extreme situation: if most Fed officials lower their expectations for rate cuts this year, the Fed's expected rate cuts this year will drop directly from three to one. Although the probability of this happening is small, once it happens, it will boost the dollar and bonds, while suppressing gold. Therefore, we need to pay close attention to the statements of Fed officials and changes in market expectations. Of course, as a loyal trustor of spot gold bulls, we prefer to see a situation that is favorable to rate cuts, and a situation that is favorable to rate cuts is bound to be a positive boost to spot gold. In the coming June, spot gold is about to have a storm, so let us move forward cautiously! by Yuliya10Updated 117
Gold Price Analysis: Key Levels and Scenarios for Potential Move### SMC-Based Setup Analysis: 1. High Probability Buy Setup: - If H1 candle closes above 2364-65, initiate a big buy. - Target: 130-250 pips move up to the 2386-2394 area (Fibo 0.50% area). - This area might act as a good reversal point. 2. Downside Scenario: - If H4 candle closes below 2330, expect a downward move. - Target: 2298-2290 area (potential support for gold prices). - This scenario is likely due to high volatility and rejection from the H4 Fair Value Gap area. 3. Alternate Upward Push: - Price may get a significant upward push from the 2290-2300 area. - Target: Approximately 100 pips move upwards. by MrKTechnicalLevels227
XAU/USD SHORT IM LOOKING TO TACKLEXAU/USD 15M - I am looking to place a short position here with this market as price has traded us recently into a higher timeframe area of Supply and has shown signs of bearishness since. What makes me believe this is a break in the last protected low you can see on the left side of this screenshot, that is the last protected low as that low created the highest high within that last bull run. Wha we have seen now is price trade us back up to set a new lower high before what I think will be a new lower low. Its important we find areas that price may trade up and into in order to set a new lower high and this is an area I have in mind. My reasoning for this is because there is an order block that I have marked out that was left unmitigated, what we have seen since price has traded into that order block is good rejection. The trade itself is slightly pre-emptive with us not waiting for another fractal break but if we get taken out I will look to get re-introduced is price trades us up and into another OB slightly higher.Shortby Lukegforex116
XAU/USD Longs back up to 2,340 or higherMy analysis for gold this week is based on the imminent mitigation of the 19-hour demand zone I marked out last week. This key level has caught my interest, and I anticipate a strong reaction from this high-quality demand area. On Monday, I will wait for a sweep of the Asian low in the form of a spring and look for a Wyckoff accumulation to take place. This will be my signal to enter buys, aiming to ride the price back up to the next supply zone, where I expect a bearish move to occur. Confluences for gold buys: - Price is in a 19hr demand zone that has caused a BOS to the upside - Price has already slowed down momentum and could be a good sign for buys back up. - There's a trendline above that needs to be taken as well as untouched asia highs - Price is overall bullish on the higher time frame. Could be a start of a new rally. P.S. If the price breaks the current zone, I will look to take buys from a 4-hour demand zone below, as it is at a more favorable price. However, I will wait for lower time frame confluence before entering.Longby Hassan_fx116
Gold short on the 30min tf.XAUUSD short sell, technical analysis , ICT and trade target on the red line acting as sellside liquidity. Shortby princemotheohanesniper75115
Gold short-term operation ideasOn Friday, the United States released the University of Michigan consumer confidence index for May and one-year inflation expectations. From a data point of view, the University of Michigan Consumer Confidence Index recorded 69.1, higher than market expectations of 67.5 and the previous value of 67.4, ending a three-month downward trend. At the same time, judging from the one-year inflation rate expectation, the announced value of 3.3% has declined compared with the previous value and the expected value. On the one hand, the U.S. CPI data fell slightly in April, and the stability of prices also enhanced the market’s consumer confidence. On the other hand, the cooling of the job market has also led to a decline in inflation expectations. This also caused a slight increase in expectations for interest rate cuts, temporarily limiting gold's downside. From a technical perspective: Gold is in a volatile upward trend.by Mark-VIP008Updated 18
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar ) Description : Break of Structure Fibonacci Level - 261.8% RSI - Divergence Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Consolidation Phase and Breakout of Upper Trend Lineby ForexDetective226
Gold - Pullback?Gold is one of the most hyped trading instrument of 2024. With all geopolitics going on I am very bullish of GOLD. I dare to say we can 10x from here when the current financial fiat system collapse as it will at some point. Yes I said it ;-). But let's not listen to me let's look at what the technicals say right now. I believe we will have a pullback coming. Technicals → We created a double top → Week prior we created an engulfing weekly candle which the body encapsulated the weekly candle before. Although last weekly we saw a doji I still think we can drop soon. → Monthly we didn't have enough volume to close engulfing. We didn't even close past 50% of that wick → We broke the trendline. → We are creating a bear flag on the daily. Trade → We can go to first zone and bounce back up like the first play say → I believe second play is most likely. I see a major support there. → 3rd play is the play when whenever price goes there anticipate a HEAVY support. Your trading friend, Simba TradesShortby Simba_TradingUpdated 335
XAUUSD 2420 Currently a lower high is forming on Higher TF's (4H + ) The recent 4H low closed above the previous 4H low so it seems like we are moving up. 2331, 2345, 2370 are key levels to get in a long trade and hold gold to 2420 + Wait for the retest on the key level before entering. Goodluck FX:XAUUSD Longby ShvdeeUpdated 115
Hellena | GOLD (4H): Long to resistance area of 2455.145.Dear Colleagues, I believe that the upward movement is not over yet. If we look at the wave pattern, we can see that the price has gone through 5 waves in the impulse “3”. This means that there should be an upward wave “5”. Therefore, I expect a correction to the area of 2402.732, after which I expect the price in the resistance area of 2455.145. Thus the five-wave movement will be completed. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Longby Hellena_TradeUpdated 111121
XAU/USD 20 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price is failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue solid line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Price has fully mitigated a well-positioned M15 POI. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also marked with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart: by Khan_YIK334