GOLD DAILY OUTLOOKThe near–term support is around $2280, a break below the target of $2270/$2250/$2228. The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2340/$2350/$2375. It is good to sell on rallies around $2328-30 with SL around $2340 for TP of $2252.Shortby kofloksiah112
GOLD XAUUSD COURT SELLGOLD is bearish <4H Because of its internal and external alignment, wait for a return to major liqs before selling. With TRAP5. In the case of a buy (interesting because of the TRAP HTF on LIQ Daily + PriceD HTF), wait for a return to liq majeures 15M. My alerts are in place. Put a rocket under the graph Shortby InfiniteY31
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with a perfect continuation of our 4H chart idea that we have been tracking. Last update price was testing the swing range and we were expecting a reaction in this range. - This played out perfectly with the perfect swing action straight into 2313 completing the gap and swing. We will now wait for ema5 to lock above 2313 for a continuation into the range above or a rejection here will see the full swing range tested. We also need keep in mind a cross and lock below the swing range will open the test to structure support. This is a crucial level of support test as a break below this level can open a deeper correction below. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. SWING RANGE 2290 TO 2313 - DONE As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx1515152
HelenP. I Gold can exit from triangle and continue to declineHi folks today I'm prepared for you Gold analytics. Some time ago price reached the resistance level and even entered to resistance zone, but at once turned around, exited from the resistance zone, and fell below. Next, XAU some time traded near the resistance level, after which it made impulse up to the trend line, thereby breaking the 2355 level. After this, the price at once made a strong impulse down inside the triangle pattern, breaking 2355 and 2305 levels. Then Gold started to grow and in a short time rose higher than the 2305 level, which coincided with the support zone and rose to 2342 points. But then the price made a correction movement to the support zone, after which rebounded up to the trend line, which is the resistance line of the triangle also, and started to decline near this line. Just now, the price trades near the support line of the triangle and continues to decline. For this case, I expect that XAUUSD will rise to the trend line and then continue to decline to the support level, exiting from the triangle pattern. Then price can break the support level and continue to decline next, therefore I set my goal at 2280 points. If you like my analytics you may support me with your like/comment ❤️Shortby FirstNameHelen112
Gold Trading in Bearish watersFundamental analysis: Even though Bear cycle has started, Gold is delivering Bullish spikes however they are not as aggressive as they were. The decline on Bond Yields also helped (panic capital) as it is well known that when Bond Yields are losing with every Hourly candle, Gold should benefit. Gold is slowly approaching the #2,252.80 psychological benchmark on Spot prices as I expect it to be realized before Friday’s session (end of the week) on current Selling leg. Despite the fact that DX is still on a Medium-term Ascending Channel and well Supported on Daily Chart, Gold is pushed Higher (apart from the obvious Bond Yields Sell-off effect) as Fundamental developments are progressively adding Buying pressure on Gold and in most cases without any firm reason Buying is favored lately. Technical analysis: After testing and breaking #2,300.80 benchmark, I am even more certain in my Bearish outlook (remember my Lower Low’s strategy that Gold always delivers #3 Lower Low’s and #3 Higher High’s and then price a Natural correction to normalize Overbought or Oversold levels). I expected small pullback again where I would engage new set of Selling orders, pursuing #2,300.80 once again and #2,252.80 in extension. On every fiscal crisis and World’s economy on a decline, Gold is rising as an safe-haven (on High demand) asset and DX engages Buying rally once crisis is on the very own beginning, and gradually loses value as Investors step deeply into the crisis. Regarding today’s session / Critical day for Gold as it is on crossroads for the Short-term. The Daily chart remains an Descending Channel and Hourly 4 chart already Priced in a small correction / pullback motion. All are (Xau-Usd) Spot prices numbers. Hourly 4 chart completed #5 almost straight candles for the first time since February #15 (accomplishment rarely seen lately) which means that if today's candle closes below #2,300.80 benchmark, my estimations are pointing to #2,252.80 Weekly Low’s and local Lower High's Upper zone. My position: As yesterday's session contained Stop-loss hunt, I have set my Stop wider and fortunately I was not stopped out. However I have closed my order on breakeven and will Trade the CPI later on throughout the session as I will re-Sell Gold as Higher as I can ahead of the news. Regardless CPI or not, I do expect #2,300.80 and #2,252.80 Targets next.Shortby goldenBear882213
XAU/USD Faces Fresh Supply; Technical Analysis Hints at ReboundGold faced renewed selling pressure during early European trading on Tuesday, eroding part of the previous day's modest recovery from the $2,287 area, a one-month low touched due to strong US jobs data. Investors are scaling back bets on an imminent interest rate cut by the Federal Reserve (Fed) in September. This has kept US Treasury bond yields elevated and supported the US Dollar (USD) near a multi-week high, diminishing demand for gold. Technical Outlook RSI Divergence: Technical analysis indicates a divergence on the RSI. Support Zone: Gold is rebounding from a demand area around $2,287. Potential Rebound: With the upcoming US CPI data, there is potential for a rebound to fill a gap around $2,328.75, with further growth possible. In summary, while gold remains under pressure due to a strong USD and elevated yields, technical indicators suggest a potential rebound, especially with key economic data on the horizon.Longby FOREXN1Updated 336
Trading the Luminous Daily Roadmap (LDR) for GOLD (XAUUSD)The Luminous Daily Roadmap is a schedule of trend interchanges or larger trend connections commonly seen during the London Open session and continuing through to the New York Open. Typically, on this date, there is significant market movement, which can reach 200 to 800 pips. This movement can occur either on the specified date, the day before, or the day after. Here is my trading strategy for GOLD that can potentially capture the Luminous Daily Roadmap (LDR) movement. Using my indicator, TrendVortex Prime, if the 5-minute, 15-minute, 1-hour, and 4-hour timeframes all show the same trend signal (Buy or Sell) during LDR days... I execute my trade on the 5-minute timeframe. For this, I use the indicators Simple Xtrade SR, TrendVortex Prime 2.0, and TrendVortex Signals. My take profit is set to 300 pips.02:33by Simple_Xtrade550
XAUUSD clear view According to TA, market is in neutral phase where market has 50% 50% on both side either bears are active or bulls may jump and roaring. If you want to trade put yours stop loss tight and wait for you target points. Happy trade to every one.by sheikhumer110
Gold price recovered slightly - short term⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rebounds slightly during Asian session on Tuesday, partially recovering from previous day's losses. US macro data indicates declining inflationary pressures, raising expectations for a September rate cut by the Federal Reserve (Fed) and providing some support for gold. However, gold remains within a familiar range below the 50-day Simple Moving Average (SMA), cautioning bullish traders. ⭐️ Personal comments NOVA: Gold prices increased slightly - bad economic data for the dollar, but still narrow sideways range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2307 - $2305 SL $2300 TP1: $2315 TP2: $2322 TP3: $2330 🔥SELL GOLD zone: $2348 - $2350 SL $2355 TP1: $2340 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestLongby Nova-ScalperUpdated 9914
Potential bearish drop for gold?Price has rejected off a resistance level which is a pullback resistance and could fall to our take profit. Entry: 2,337.01 Why we like it: There is a pullback resistance. Stop loss: 2,353.31 Why we like it: There is an overlap resistance level which aligns with the 100% Fibonacci projection. Take profit: 2,308.44 Why we like it: There is a pull back support level which is slightly below the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets1113
GOLD (XAUUSD): Main Focus is ... As I predicted yesterday, we got a nice intraday bearish movement on Gold. Analyzing the price action on a daily time frame today, I spotted that the market is currently consolidating. We can see a narrow horizontal trading range. Those who are looking to buy the market should wait for a breakout of the resistance of the range. A daily candle close above 2342 will be our strong bullish confirmation. A bullish continuation will most likely follow then. Next resistance will be 2736 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader2213
XAUUSD, time to SELL? Despite a visible attempt to return to the upside on the LTFs, I am still selling gold on the MTFs. On Wednesday, following the economic announcements, we returned to the bearish equilibrium on the MTFs. The price immediately reacted downwards (we also rebounded on an order block). In my view, there are two possible scenarios: - Continuation of the downtrend without a return to the OTE zone - Return to the order block in the OTE zone before resuming the downtrend. If my 2 zones don't react and we continue the BOS on the LTFs to the upside, then this could mean a change in trend. I will therefore be looking for gold sales over the next few days. Feel free to subscribe and boost this post if you enjoyed my analysis, as well as tell me what you think in the comments. Happy trading and have a good weekend :)Shortby InfiniteY27
Closing my Selling order with Profit / engaged new SellAs discussed throughout my yesterday's session commentary: "My position: Within #5-session horizon I am expecting #2,252.80 benchmark to be met where Price-action might get rejected towards #2,300.80 psychological benchmark once again, which should be Ultimate Top zone for current Bear cycle. Since I announced that non-stop Bullish moves are matter of history and will not be delivered anymore, I can continue re-Selling every High's which Gold delivers and continue operating with my Selling orders comfortably. I have Sell order engaged with #2,328.80 entry point (optimal Target is #2,300.80 benchmark)." I have closed my Selling order (#2,328.80 - #2,313.80) on a fine #15 point run, extending my results range to #50 Profits and #11 Stop-loss hits regarding December - June cycle. Fundamental analysis: Surprising market reaction on slower Rate hikes and Bond Yields Buying acceleration program (U.S. Senate agreed for lifting debt ceiling even further in near past) and for this kind of Price-action sentiment I have excellent explanation from Technical side, strong rejection came from Fundamentally Overbought levels and my oscillators rejected near upside movement neckline. In the same manner regarding the Hourly 4 chart, Gold is Trading near Support zone fractal and by breaking it, Gold will confirm Selling sustainability and Selling pressure it is Trading under. Technical analysis: Technically, Daily chart already indicates that Buying in general is near exhaustion as in my model, all depends on DX currently Trading on mild Intra-day gains as I will keep an eye on both charts. Personally, after such Fed’s announcement, Gold should Trade significantly Lower under the circumstances. #2,300.80 benchmark configuration was broken on #1 hit / try, but spike was recovered instantly and engaged the #2-session recovery. Since all this is going on near the Medium-term Support zone, market speculators are preventing the full scale oscillation towards #1st Lower Low extension. I see no space for further Buying, as everything is set for yet another Selling sequence on Gold and multi-Month Bearish cycle ahead. My position: As movement is within my Selling model, I will constantly re-Sell every High's which Gold delivers which is my proved Long-Year strategy. I have engaged new Selling order with #2,322.80 entry point, optimal Target remains #2,300.80 benchmark as my position is running in decent Profit currently. I do expect #2,252.80 benchmark test throughout this week so Trade accordingly.Shortby goldenBear882211
GOLD - FOMCAs I mentioned earlier when Gold prints an intermediate top and breaking below the 10 SMA on weekly and 10 SMA on daily charts almost always backtesting it later. Price tried to break above the 10 SMA on the daily chart but couldn't hold: Today the 10 SMA on the weekly chart was backtested too: Last week's Friday drop was too much for an immediate follow through on Monday. We needed a pullback , as I mentioned in the previous idea. The Fibonacci 23,6%, 38,2% and 50% were my primary targets for this pullback and today we got the Fibo 50% at 2340$. From this point the decline will continue we are going to see much lower prices in the following weeks. If you are still long you need to get out because more pain is coming for bulls. Most probably today's FOMC meeting will be the trigger event for a gold decline.Shortby chartwatchersUpdated 1111
Will price decrease today?? As you know gold price rose from third consecutive day ,reached 2341 and drop again to 2313 The fed now expects only one rate cut in 2024,compared to the previously projected.this may put downward pressure on gold.in asian session Yesterday data on keeping the feds rates same,we expected that gold pric will drop more. SELL GOLD : 2280-2290 TARGET 2300 TARGET 2310 SL: 2275 SELL GOLD: 2336-2341 TARGET 2327 TARGET 2320 SL:-2345 OLiver wishing you best trading day Longby Oliver_Targets4410
GOLD limits recovery, after CPI, FOMC and Powell's statementOANDA:XAUUSD fell slightly during the Asian session on June 13, following the US CPI data report and the US Federal Reserve's interest rate decision. The 0.236% Fibonacci level limited the recovery momentum of gold price to keep it in the price channel. Data released by the US Bureau of Labor Statistics on Wednesday showed that the US consumer price index (CPI) in May increased 3.3% year-on-year, down from the previous value and the expected value is 3.4%; unchanged from the previous month, 0.1% lower than expected and also lower than the previous value. Values slowed significantly to 0.3%, the lowest level since July 2022. Excluding food and energy costs, May core CPI increased 3.4% over the same period, lower than the expected 3.5% and lower than the previous 3.6%, the lowest level in more than 3 years. year; The increase in May increased from 0.3% in April to 0.2%, weaker than the 0.3% expected. These data coincide with a deceleration in core CPI in April and may represent the early stages of inflation returning to a downward trend. However, Fed policymakers have emphasized that they will need to see price pressures abate for several months before considering lowering interest rates, especially as the latest jobs report sparks a debate. discuss the extent of policy limitations. The report was released hours before the Federal Reserve ended its two-day policy meeting in Washington. The Federal Reserve left its benchmark interest rate unchanged at 5.25%-5.50% for the seventh straight time on Wednesday, in line with market expectations. The Fed's Dotplot chart shows that it is expected that the agency will only cut interest rates once in 2024. Markets expected the Fed to adopt more supportive policies, but US Federal Open Market Committee (FOMC) policymakers reduced plans to cut interest rates three times in March to 2 times after a 2-day meeting. The committee also signaled that it sees longer-term interest rates higher than previously suggested. The new forecast released after a two-day meeting this week showed inflation still on track to return to the Fed's 2% target, allowing for some policy easing later this year. The statement after the meeting said: "Inflation has eased over the past year but remains high." The only significant change is that the new statement continues to say that "more modest progress has been made in recent months toward the FOMC's 2% inflation target." While the previous statement was "lack of further progress" on inflation. On the same day Wednesday, Federal Reserve Chairman Jerome Powell emphasized in a press conference that the Fed was not yet confident in starting to cut interest rates, but also said that no one considered a rate hike an expectation. basic. Powell's statement can be interpreted as keeping interest rates high for longer but ruling out a rate hike. Overall assessment, CPI data has boosted gold prices in the short term, but after the FOMC announcement and Powell's statement reduced the possibility of gold price recovery because the USD became attractive, when the possibility of interest rates The high will last for a longer period of time. The fundamental picture after yesterday's trading day temporarily leans more towards the possibility of creating pressure on gold prices, but traders also need to pay attention to other unexpected impacts from geopolitical news. is still smoldering in many parts of the world. Gold is often supported when geopolitical risks escalate. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, after gold's recovery yesterday, it was capped by key resistance that readers noticed in the previous issue at the $2,340 - $2,345 area, the price range of this level. Fibonacci retracement 0.236%. Gold's fall below $2,324 continues to provide prospects for it to test the $2,300 base and once the $2,300 base is broken below gold will be eligible for a new bearish cycle. with the latter target around $2,286 in the short term, more than the 0.382% Fibonacci level. That said, the original price level of 2,300 USD is also the closest current support worth noting. During the day, the technical outlook for gold prices remains bearish with notable technical levels as follows. Support: 2,300 – 2,286USD Resistance: 2,324 – 2,340USD 🪙SELL XAUUSD | 2338 - 2336 ⚰️SL: 2342 ⬆️TP1: 2331 ⬆️TP2: 2326 🪙BUY XAUUSD | 2279 - 2281 ⚰️SL: 2275 ⬆️TP1: 2286 ⬆️TP2: 2291by Xayah_tradingUpdated 1110
A BULLISH MOVEMENT BEFORE FALLhello guys hope you start new week with profit lets update gold . the price moved according my last forecast on friday and made +120 pips profit fast . as you can see price broke sideway range very strong and fixed below ma200 resistance after that made a range again this is like continuation patter in daily gold will fall alot i expect gold go up to make a pullback to the support level 2320 or 2340 and then will continue downtrendLongby nsh12Updated 2211
Gold will Go Down by Symmetrical Triangle Pattern!!!Gold is moving in a Descending channel near the Resistance zone($2,337-$2,318) . In terms of Classical Technical Analysis , Gold has managed to form a Symmetrical Triangle Pattern , which indicates the continuation of the Downward Trend . I expect Gold to continue falling(Probably with two scenarios) after breaking the lower line of the Symmetrical Triangle Pattern , at least to the Support zone($2,337-$2,318) . Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, andShortby pejman_zwinUpdated 3312
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2309 resistance with a open gap before that at 2296 and 2286 Goldturn support. We will need to see a test and lock on either levels to open the next range. We will need to see ema5 lock above 2309 to open the range above or a rejection before this will follow to find support at the retracement range. A cross and lock below 2286 will open the confirm the retracement range and a further cross and lock below the retracement range will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 2309 EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx2121208
GOLD (XAUUSD): Classic Bearish Pattern I spotted a strong bearish pattern on Gold on an hourly time frame. After a strong bearish rally that initiated on Friday last week, the market started a correctional movement within a rising channel - a bearish flag pattern. A breakout of the support of the flag is a reliable bearish signal. Probabilities are high that Gold will drop at least to 2295 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader3310