GOLD Bearish Breakout! Sell! Hello,Traders! GOLD was trading along The rising support but now We are seeing a bearish Breakout and breakout Is confirmed so we Will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals3311
GOLD - NEW BREAKOUT 📉 As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯Shortby Hsan_BenhmedUpdated 6611
Gold’s rebound is a good opportunity to go shortAfter overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that gold has stopped falling and stabilized in the short term, and may continue to rebound, and may even hit 2400 again. The other voice is that gold’s rebound is weak and there is still room for decline.It may continue to fall to around 2300 after consolidation. In fact, relatively speaking, I think gold cannot be characterized as a market reversal for the time being, but only a short-term rebound after the market crash. As evidenced by the fact that gold fell again after touching around 2357 today.Judging from the current trend, gold currently tends to fluctuate, but as far as the restorative market is concerned, the repair intensity is still lacking, so it is still not ruled out that gold will continue to fall after the shock;In addition, from the perspective of the U.S. dollar index, the U.S. dollar index has fallen significantly, while the short-term rebound of gold is far less than the decline of the U.S. dollar index, so the overall gold appears to be weaker. And as gold falls back to the 2340 area again, the upper pressure is stronger, so I expect gold’s short-term rebound to be limited. So in terms of trading, I still tend to short gold after gold rebounds. The first thing to focus on is the 2360-2370 resistance area, especially the 2365 position area, which is a strong defensive area for short sellers. Below, we are still focusing on the 2335-2330 support area for the time being. This area is the starting point of the two rebounds and has a strong short-term support effect. However, any time this area is broken, it will be conducive to the outbreak of shorts!Shortby Trading-HawkeyeUpdated 1111
Gold- correction could be over soonAs explained in my latest video and written analysis, gold may have changed its trend. However, considering the 1000-pip drop from last week, a correction could occur. Indeed, the price started to rise after hitting a low of 2325 and reached a high around the 2360 zone. This rise is clearly corrective in nature, and gold could soon drop again in a new downward leg. The sell zone is between 2365 and 2375, with a target for bears at the 2300 level. I remain bearish as long as the price stays below 2380 on a daily closing basis.Shortby Mihai_Iacob3311
SELL PARTY IS STILL CONTINUE !!hello guys hope you had a great week again price moved according my last forecast around +500 pips profit done i hope you made big profit with my last forecast . lets start new analysis . finally price broke uptrend and strong 2390 support in lower time frame gold is below ema200 and made a descending channel . gold moved in a sideway range area for a few weeks between 2400 and 2300 numbers . in daily time frame gold is still bullish i think gold after a pullback will fall more to 2350,2335,2300 we will seeShortby nsh12Updated 3322
GOLD → A descending trianglehello guys... as you can see, gold made a descending triangle and broke it up! so we can expect an upward movement after a retracement! the target would be as same as the last high! target= $2447 ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentLongby melikatrader94Updated 8825
XAUUSD FOMC MARKET OUTLOOKIt's a #FOMC Day! Get Ready For Market Madness in #XAUUSD With Our VIP room! 💯 We're aiming for an Explosive 300 Pips Target, Join Us For The ride📊📊 Check Our Track Record 🔥 We've Conquered the last 5 #CPI & #NFP Releases! Our Success Speak For itself - Trust in our Market Prediction Skills !⭐⭐ Limited Seats Available for account management during #FOMC Secure Your Now! Don't miss out on this Legendery Trading Opportunity Join the Winning Team 📈 XAUUSD Analysis & Key Levels 📊 Break out 2385 Target point 2370-2375 1. Resistance 🔹 Support levels: ( 2410-2420) 🔰Risk management tips: Set Stop loss irfery🔴 Manage Postion sizes based on volatility. 📊Trade Safety & Happy tradingShortby MrCharlie1Updated 32
BULLS AND BEARS dispute $2,400. Is $2,500 feasible?Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest ATH of 2450 USD. Do you wonder why the price of gold has increased so sharply? Recently, gold has been strongly supported in the context of geopolitical and economic instability. According to data from the World Gold Council, since the beginning of the year until now, gold prices have increased more than 16%, reaching a record high of over 2,400 USD/ounce in May. There are many comments that gold may be ready. for another price increase, while recent optimism among retail investors predicts gold could reach $3,000/ounce within the next 6 to 18 months. In summary: Although optimistic that gold will continue to rise in the near future, most are not sure when gold will hit the $3,000/ounce mark. The driving force that could bring gold to that level is the Fed loosening monetary policy. It is expected that in the near future the Fed's steps, combined with other factors such as central bank gold demand and geopolitical tensions, could push gold to other record highs. It is predicted that by the end of this month, gold will hit the 2,500 USD mark before being ready for a jump above the 3,000 USD mark. Conan personally awaits confirmation above the 2400 USD liquidity zone with an eye towards the expected target of at least 2450 USD to 2500, as the overall fundamental and technical outlook for gold is positive for the bulls .Longby ConanForexUpdated 8816
Gold recovered slightly in the first session of the week⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance from Fed officials may put some selling pressure on gold as higher interest rates make it less attractive as a store of value. ⭐️ Personal comments NOVA: Gold price recovered slightly in the first session of the week, still in a DOWN correction in the H1 and H4 frames ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2306 - $2304 SL $2298 TP1: $2315 TP2: $2322 TP3: $2330 🔥BUY GOLD zone: $2321 - $2319 SL $2316 scalping TP1: $2326 TP2: $2332 TP3: $2340 🔥SELL GOLD zone: $2354 - $2356 SL $2361 TP1: $2348 TP2: $2340 TP3: $2330 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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 longestShortby Nova-ScalperUpdated 4431
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets. Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2369 Resistance Levels: 2388, 2397, 2410 Support Levels: 2354, 2328, 2308 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388. Previous idea: Shortby SroshMayiUpdated 1118
The stage is set for bears Trade what you see not what you think May 10, Comment: Gold- Plan B Pattern: Bear Flag Target (Short-term) = $ 2280Shortby BTC-XLMUpdated 447
Premium Gold idea for XAUUSD $$$$"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill "An arrow can only be shot by pulling it backward. When life is dragging your back with difficulties, it means it's going to launch you into something great. So just focus, and keep aiming." - Unknown "Difficult roads often lead to beautiful destinations. The best is yet to come." - Unknown "The moment you're ready to quit is usually the moment right before a miracle happens. Don't give up." - Unknown "The only time you fail is when you fall down and stay down." - Stephen Richards entry 2332.04 Target 2327 by TradeGod003Updated 557
XAUUSD FOR NEXT WEEK"The current trend in gold suggests a bearish sentiment, substantiated by the closure of prices below the EMA 200 on the H1 timeframe. Furthermore, a notable resistance zone resides at the 2360 price level, indicating a robust supply area. In light of this analysis, the anticipated downward movement targets 2303 as a potential level of interest. To mitigate potential losses, a prudent stop loss strategy is advised, set at 2372." Shortby Zippymauld116
GOLD New Outlook (still bearish or reversed!)Technical Analysis of Gold: The price reached our previous target of 2327 and then reversed. Closing a 4-hour candle above 2344 suggests it will likely reach 2354, with the potential to touch 2369 as well. However, if the price remains below 2344, it indicates a drop back to 2327 as the first target. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels: 2327, 2318, 2302 Today's anticipated trading range is between the support level at 2305 and the resistance level at 2369. previous idea: Shortby SroshMayiUpdated 1116
Gold corrected after news from the FOMCHello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying portfolios. The factors driving gold's recent upward trend remain intact and are unlikely to change in the foreseeable future. This adjustment in gold's price is temporary, and the long-term uptrend is still highly regarded.by Trader_BrianFXUpdated 666
Gold fell below 2400 as expected, continue to short goldYesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good trading result. After gold fell back, we currently hold a long position in gold near 2387 and set a small TP: 2395. We hope that gold will rebound and hit TP again. At present, gold has formed a large negative line and fell below the wedge structure. It has not even been able to hold the 2390 position and break through important short-term support. Short momentum is strong. Although gold has been supported near the 2380 position and has rebounded, the overall rebound strength is still relatively lacking, so I think there are no conditions for a big rise for the time being. This is why I only set the TP of the long position at 2395. Then, gold may not see a retaliatory rebound in the future, and may digest the sharp decline with shocks. So in terms of trading next, I will wait for gold to hit TP: 2395, and then wait for gold to rebound before shorting gold. In the short term, the upper side will focus on the resistance in the 2405-2410 area. The Federal Reserve will release the minutes of its monetary policy meeting later, which may affect the short-term gold trend, and we also need to pay close attention to it. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !Shortby Trading-HawkeyeUpdated 2216
XAU/USD Technical AnalysisXAU/USD Technical Analysis Ascending Triangle Pattern Indicates Bullish Potential Overview: The gold spot price (XAU/USD) has been following a strong upward trend, as evident from the ascending trend line starting from early February. Recently, the price action has formed an ascending triangle pattern, which typically indicates a bullish continuation. This pattern is characterized by higher lows while the highs remain relatively flat, suggesting accumulation and potential for a breakout. Key Levels: Support Trend Line: The primary ascending support trend line has been tested multiple times, confirming its strength. Currently, this line is around the 2320 level. Resistance Line: The horizontal resistance is evident around the 2450 level, where multiple peaks have converged. Technical Indicators: Price Action: The price is approaching the apex of the triangle, suggesting an imminent breakout. The recent pullback to the support line around 2330 levels indicates a potential buying opportunity. Volume: Typically, volume tends to decline as the pattern matures and then spikes during the breakout. Monitoring volume will be crucial in confirming the breakout direction. Target Projections: Bullish Breakout: If the price breaks above the 2450 resistance, the next target would be around 2570, calculated by adding the height of the triangle to the breakout point. Bearish Scenario: If the price fails to hold the support at 2330, it may retest lower support levels around 2250. Conclusion: The ascending triangle pattern in XAU/USD suggests a bullish bias with a potential breakout above the 2450 resistance level. Traders should watch for increased volume to confirm the breakout and consider entering long positions with a target of 2570, while keeping a close stop below the 2330 support to manage risk. Recommendation: Entry: Consider buying near 2330 with a stop loss below 2300. Targets: First target at 2450, followed by 2570 upon breakout confirmation. Risk Management: Maintain a stop loss to manage downside risk effectively.Longby Moojed-Gold-Trader115
GOLD'S LEAP AFTER THE NEWS IS RELEASEDGold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report. On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further. Ananda research and comments XAUUSD PLAN DAY 29/05/2024 🔴SELL GOLD: 2370 - 2472 , SL: 2476 (scalping) 🔴SELL GOLD: 2386 - 2488 , SL: 2392 🟢BUY GOLD: 2324 - 2322, SL: 2318 (scalping) 🟢BUY GOLD: 2305 - 2307 , SL: 2301 Breakout & retest: - Breaking and closing on: 2361 - 2374 - Break and close below: 2345 - 2335 - 2322 Support 2347 - 2335 - 2322 - 2316 - 2307 Resistance: 2370 - 2378 - 2384 - 2397 by Scalper_Ananda225
Market Analysis: Gold Price Signal Bearish AccelerationMarket Analysis: Gold Price Signal Bearish Acceleration Gold price started a sharp decline from $2,450. Important Takeaways for Gold Prices Analysis Today Gold price climbed higher toward the $2,450 zone before there was a sharp decline against the US Dollar. A key bearish trend line is forming with resistance near $2,375 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price rallied heavily above the $2,350 resistance. The price even spiked above $2,425 before the bears appeared. A high was formed near $2,450 before there was a major decline. There was a move below the $2,400 support level. The bears even pushed the price below the $2,355 support and the 50-hour simple moving average. It tested the $2,325 zone. A low is formed near $2,326 and the price is now showing bearish signs. Immediate resistance is near the 23.6% Fib retracement level of the downward move from the $2,450 swing high to the $2,326 low at $2,355. The next major resistance is near a bearish trend line at $2,375. The trend line is close to the 50-hour simple moving average. The main resistance could be $2,388 and the 50% Fib retracement level of the downward move from the $2,450 swing high to the $2,326 low, above which the price could test the $2,410 resistance. The next major resistance is $2,450. An upside break above the $2,450 resistance could send Gold price toward $2,480. Any more gains may perhaps set the pace for an increase toward the $2,500 level. Initial support on the downside is near the $2,325 level. The first major support is near the $2,312 level. If there is a downside break below the $2,312 support, the price might decline further. In the stated case, the price might drop toward the $2,250 support. Start trading commodity CFDs with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen225
Gold 🟡 | Bullish Movement Towards 2400?Gold was on a downtrend, but now, following the break of this downtrend line and considering the bearish trend of the dollar index and important news today, we could expect a bullish move towards 2400 - 2417. 📈Longby uPaSKaLUpdated 2222315
Gold near-term roadmap: sub $2400 incoming for a bullish dip?Part of my ongoing analysis, see links below. We are retracing as expected, Bulls look to be tired for now. Early plot suggest three targets. $ 2315/16 "Speed Bump" needs to slow the drop. $ 2401.37 - 2403.55 is the "Minimum Expected". $ 2391.36 - 2391-91 is the "Best Guess" target. $ 2382.46 - 2383.83 is the "Worst Case" target. . Big Picture plot looking for $2700 . Pullback plot looking for $2307 bounce: . Bounce topping alert at $2450 ================================================================================================ by EuroMotifUpdated 114