Xauusd sell idea Due to the failure of the trend line, a bullish view has been created in the market, which seems to be temporary, and we have a drop in the price. Either from this point or from a higher pointShortby ho3ein273
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
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 WILL GROW|LONG| ✅GOLD is set to retest a Strong support level below at 2280$ After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 2320$ LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114
GOLD Shows Modest Gains Anticipation of US Inflation Data-FOMCGold, after modest gains over the past two days, trades with a negative bias during the early European session on Wednesday. This slight downturn, however, lacks momentum as traders await crucial US economic data releases later in the day. Market Sentiment and Anticipated Economic Data Traders are keenly focused on the upcoming consumer inflation figures from the United States and the outcome of the highly-anticipated Federal Open Market Committee (FOMC) meeting. These events are expected to provide new insights into the Federal Reserve’s plans regarding interest rate cuts, which will significantly influence the near-term trajectory of gold, a non-yielding asset. Technical Analysis From a technical perspective, the H4 timeframe shows a divergence on the Relative Strength Index (RSI), indicating potential bullish momentum. This divergence follows a rebound from a key demand or support area, suggesting that the recent downtick may be temporary. The technical indicators are aligning to potentially support a price increase, especially if the economic news aligns with expectations. Economic Indicators to Watch Consumer Inflation Figures: The latest US consumer inflation figures will be pivotal. Strong inflation data could imply sustained economic growth, potentially leading to a delay in interest rate cuts. Conversely, weaker inflation data might reinforce expectations for a more dovish Fed, supporting gold prices. FOMC Meeting Outcome: The FOMC meeting is another critical event. Any indications from the Federal Reserve regarding the timing and pace of interest rate cuts will be closely scrutinized. A dovish stance from the Fed could weaken the US Dollar and bolster gold prices. Potential Market Reaction The interplay between these economic indicators and the market's reaction will be crucial. Should the inflation figures and FOMC outlook hint at a delay in rate cuts, gold may experience pressure due to a stronger US Dollar. On the other hand, dovish signals from the Fed could lead to a rebound in gold prices, aligning with the technical indicators suggesting a bullish impulse. In conclusion, Gold is currently experiencing a modest downturn but remains poised for potential gains depending on the upcoming US economic data. The divergence on the RSI in the H4 timeframe supports a bullish outlook, contingent on the release of favorable economic news. Traders should be prepared for increased volatility and watch for key signals from the consumer inflation figures and the FOMC meeting to gauge the future direction of gold prices.Longby FOREXN1114
GOLD HEADING DOWNDear all my friend's : based on last idea that still available we have a road strait to the -2222- keep your eye on this analysis if you want to get scalp signals. I will update this only with signals.Shortby armindehghaniUpdated 4
BUY OPPORTUNITY -XAUUSDlast momentum broken with BULLISH momentum candle + FVG so take the opportunity to buy by Mustafa_Abdel_Hadii4
Gold is still bullish Why? - Overall trend is bullish - previous support zone - major support zone - It got to that level and formed a double bottom - That downtrend will be broken 💔 Buy and place your sl below the support zone. Trade wisely. Don't use this analysis if you have less than $500 in your account. With 0.01 lots, you'll be risking $50. Good luckLongby Gideonempire3
Xauusd after a series of important news from the FedYesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index, has increased sharply in the recent period, which is the motivation for the Fed to keep the current interest rate at 5.9%. This is the reason why PPI news, although beneficial for Gold, cannot last long. Look at H1 - We are having the idea of an abc correction model. In which we expect wave c to complete - In front of us we have 2 important price zones: 2307 and 2287, these are 2 price zones that help us determine the direction of the price. - If the price breaks out at 2307, this is a necessary condition for the orange wave c to complete. Then we have 2 target price zones of wave c: 2350.4 and 2364.6. These are 2 areas where we can look for Sell orders - If the price breaks out below 2287, this is a necessary condition for the price to fall to the target zone of wave 5, which is 2264. This is the area where we look for a Buy order.Longby DEEKOPUpdated 3
GOLD SHORTi think the gold still need to go more up but as i see maybe its just going down for correction targting area 2256/2266 but if it breaks up the descending channel up then correction will fail and it will continue up Shortby Ehab_Ali3
The continuation of the downward movement of goldAfter a long and upward rally that gold had, we have entered a corrective phase for some time and will continue to move to complete wave C of a corrective ABC.Shortby ostadkoochak2
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing one essential low-risk supply zone spanning from 2332 to 2336 and a low-risk demand zone ranging from 2296 to 2294. Additionally, one medium-risk buy zone between 2301-2299 and one medium-risk sell zone between 2321 to 2325, respectively, are highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 2332 to 2336, serving as a low-risk sell. Important Demand Zone🟢: Identified between 2296 to 2294, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 2301-2299, suggesting another area with moderate risk for potential buying positions. Medium-Risk Buy Zone🟠: Noted between 2321 to 2325, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 2300: Possible retracement area. 2306: Possible retracement area. 2314: Possible retracement area. 2320: Possible retracement area. 2323: Significant supply zone. 2334: Significant supply zone. Ultimate Target: 2338- Liquidity area. Bearish Targets📉: 2323: Possible retracement area. 2320: Possible retracement area. 2314: Possible retracement area. 2306: Possible retracement area. 2300 : Essential Demand Zone 2295: Essential Demand Zone Ultimate Target: 2289- Laying Low Liquidity What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.by TTradessss4
More downfall for gold?Short analysis. Focus on the retest zone of the channel. Shortby ForexGoldIntradayUpdated 3
#Gold reversed from support level 2300Likely to rise to resistance 2385 Gold recently reversed up from the pivotal support level 2300 (which stopped the previous waves A, (4) and ii, as can be seen below). The support level 2300 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous upward impulse from March. Given the clear daily uptrend and the still oversold daily Stochastic, Gold be expected to rise further to the next resistance 2385, top of the previous correction b.Longby Daniel_Thompson4
World gold price todayWorld gold charge today World gold fees inched up barely with spot gold growing through 5.eight USD to 2,310.2 USD/ounce. Gold futures ultimate traded at 2,327.nine USD/ounce, up 2.nine USD in comparison to the day past morning. After struggling the most powerful sell-off in almost 4 years because of stronger-than-predicted US employment information, global gold fees remained strong at the start of the week, even as traders awaited the financial coverage meeting. forex of americaA Federal Reserve (Fed) this week to similarly make clear the destiny coverage path of americaA Central Bank. Market strategist Phillip Streible of Blue Line Futures stated that the gold marketplace this week could be very interesting as they watch for critical occasions and information, inclusive of tendencies on the June coverage meeting, stated. of the Fed Chairman along side the purchaser charge index file. Currently, the marketplace is sort of sure that the Fed will now no longer make any modifications at this coverage meeting. However, statements from Fed Chairman Jerome Powell and modifications in financial forecasts from policymakers might also additionally effect the path of gold. Further facts awaited through the marketplace is US inflation information, predicted to be posted on Wednesday. Senior Asia-Pacific marketplace analyst Kelvin Wong of OANDA stated that if the dot chart or americaA Central Bank`s hobby charge forecast suggests the opportunity of delaying hobby charge cuts, , the gold marketplace might also additionally witness every other robust sell-off, pushing fees down similarly. Last week, gold bullion misplaced approximately $83/ounce (equal to 3.5%) on Friday, the largest drop in view that November 2020 after a brand new file confirmed the power of the hard work marketplace. US moves and information from the People's Bank of China display that the global's pinnacle purchaser stopped shopping for gold in May after 18 consecutive months of additions. The jobs file has induced investors to another time extrade their expectancies approximately the timing and quantity of the Fed's hobby charge cuts. Accordingly, the opportunity of loosening financial coverage in September has reduced from 70% on the give up of Thursday to approximately 50%. Meanwhile, reviews from China have expanded issues that call for for this treasured metallic might also additionally decline withinside the close to destiny.Shortby Chart_MasterPro3
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
Gold Price Update This Afternoon and Forecast for Next WeekHello everyone, it's Rena here! This afternoon, the international gold price is trading around $2,330 USD per ounce, slightly up from the previous session. This increase is driven by factors such as expectations surrounding the U.S. inflation report and ongoing geopolitical tensions. Investors are eagerly awaiting the latest U.S. inflation report, which is set to be released tomorrow. If the inflation data comes in higher than expected, the demand for gold as a safe-haven asset could increase. What do you think about this forecast? Will the gold price continue to rise or will there be a correction? Share your thoughts and let's discuss!Longby Rena_Potter4
XAUUSD consolidating?OANDA:XAUUSD We are currently caught in a consolidation phase on Gold, with so much data that came out this week it is important to understand how the dollar pair will affect Gold. My bias coming into this week was bullish and i managed to catch a few pips on the move, however i'm a bit neutral at the moment. For long position i would like to see Gold hold price at 2380-2390 given that we see a reversal pattern for a bullish move. If price doesn't respect 2380 area we can start looking for short positions. That is what i'm looking for on a technical level. On the fundamental side of things No rate cuts may actually hurt the dollar, which may cause it to appear a risk asset and this could be good for Gold and Indices please note this is not financial advise. comment with your thoughts.by mr_mat_sa3
GOLD PLAN 6/13Support: 2305 - 2300 - 2291 - 2286 - 2282 - 2275 Resistance: 2317 - 2321 - 2325 - 2333 - 2338 -2342 🔴SELL price 2319 - 2321 stoploss 2324 (small lot) 🔴SELL price 2337 - 2339 stoploss 2342 🟢BUY price 2282 - 2280 stoploss 2277 🟢BUY price 2263 - 2261 stoploss 2258 Scalping strategies will be applied when the resistance - support areas above have entry signals.‼️ Longby WinlouhUpdated 4
GOLD EXPECTED AREA TO LOOK AFTER FOR BUY ENTRYWill be looking after those 2 flag Level for a buy entry. Lets see the USD PPI reaction.Longby forexprankUpdated 3
GOLD: The potential to go to 2275 is formingGOLD is forming a false breakdown of resistance. This is happening against the background of correction after the breakout of the strong line. The news determines a negative FUNdamental background for gold. Ahead of PPI. There is a probability that the general background will remain. In this case it is worth considering the continuation of the fall, because the key liquidity area has not yet been tested (2275) Strategy: A breakdown of 2305 followed by price consolidation below the level will determine traders' willingness to go lower. Target 2275 Shortby Gold-Tech3
XAUUSD : Gold decreased slightly then increased againXAU/USD decreased slightly and is trading around 2,312 USD/ounce. Traders are being quite cautious ahead of tonight's Fed policy meeting, because if the inflation report shows no improvement, the Fed may continue to hawkish. This means that both the USD and US yields will rise to the detriment of non-yielding assets like gold. "The next important level is 2,300 USD/ounce. If gold drops below this price, it is likely to fall back to 2,200 USD/ounce in the near future" - Ong Everett Millman, Director of Market Analysis of Gainesville Coins (san trading of precious metals in the US) forecast.by SantaTradeGoldUpdated 4
GOLD 4H SELLING LEVEL Gold Price reached at 4H Premium Selling area. Let's wait for the FOMC released.LQ Sweep ExpectedShortby forexprankUpdated 3