Gold 31/5/24 below 2065 can look for shortGold 31/5/24 below 2065 can look for short Rejection below 2065 can look for sellShortby GoldInsightsHub3
Gold forecastThis is the plan i can come up with, and key levels are aligned and confirmed with Fib retracement, retailers sentiment also supporting with Long position reduced from 40% to 26% which gives good liquidity. GoodluckLongby AuroraFX-TechnologyUpdated 4
XAUUSD: Sell or Buy ! Hello everyone, let's explore how gold prices are likely to fluctuate this weekend! Currently, gold is hovering around the 2345 USD mark, showing little change compared to the beginning of the trading session. The current trend is in a consolidation phase, waiting for new data from the much-anticipated U.S. Core Personal Consumption Expenditures (PCE) Price Index. This is the Federal Reserve's preferred measure of inflation and could provide new directional momentum for gold prices.by Trader_BrianFX114
XAUUSD TENDS TO MAKE ITS PULLBACK TO THE 70'S As the second quarter of the year draws to a close and we anticipate the formation of the next six-month candle, we foresee a rally in gold prices towards the 70s. This upward momentum is expected to take hold before a selling pressure sets in, signaling a potential shift in market dynamics. follow for more insights , comment for more bias , and boost Akcapitals ✨by Ak_capitalistUpdated 3
Gold is heading to 2260$ zone(3/31/2024)After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets2
Gold prices are set for a fourth consecutive monthly gain🪙 GOLD NEWS 🌐 IMPORTANT ⭐️ EXCLUSIVE 📆 31.05.2024 ➖➖➖➖➖➖➖➖➖➖➖ • Gold prices are set for a fourth consecutive monthly gain, remaining unchanged at $2,343.63 per ounce as of 0726 GMT. • Weekly gold prices are up 0.4%, and monthly prices are up 2.5%. U.S. gold futures are flat at $2,341.80 per ounce. • Monthly gains are driven by central bank buying and geopolitical risks. • Market is awaiting U.S. core Personal Consumption Expenditures (PCE) price index data, the Fed's preferred inflation measure, to be released at 1230 GMT. • Weaker U.S. GDP growth may prompt policy easing, but inflation progress remains crucial. • Any increase in PCE could pressure gold, but a significant decline is unlikely with buyers defending the $2,300 level. • Traders have reduced rate-cut expectations due to recent hawkish Fed comments. • Higher interest rates increase the opportunity cost of holding non-yielding gold.Longby muhammadeebs2
XAUSD Consolidating or Correction? While Gold is stuck in a consolidation, my bias is basically Bullish unless other data comes in. But it is unclear how the GDP number come out hot, i do see a potential for us to retrace back to 2400 level and correct for the current move. The DXY is very bearish which is a good sign as the DXY usually correlates with Gold, i believe the dollar will look weak as the other countries are considering rate cuts. With uncertainty in the dollar i believe investor will bet against the dollar and Gold will be long. Longby mr_mat_sa1
Empire of dollar is crashing In the gold market, the most commonly extended wave is wave 5. IMHO this chart most accurately gives a path. Chart pattern on weekly. I really like using higher time frames. DXY ( U.S. Dollar Index) Longby BTC-XLMUpdated 5518
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 223
Gold technical analysis helps you make profitsIn the trend of gold daily K, the stochastic indicator crosses downward, the main short runs downward, the central axis pressure position is near 2365, the main pressure, therefore, in terms of daily K, one is the form of the central axis suppression, the other is the indicator crosses downward, therefore, we can consider continuing to choose the high-altitude approach to deal with it, in 4 hours, the stochastic indicator is gradually golden cross hook, but the price has not been a large increase and improvement, therefore, it is biased towards a state of continuous pressure correction, the 4-hour central axis pressure is near 2365, the lower axis track support position is near 2298, further support attention is near 2280. Therefore, if the decline continues, there is still room below. On the whole, the short-term operation strategy of gold today is recommended to rebound shorting as the main, and step on the low long as the auxiliary, the upper short-term focus is on the 2355-2360 line of resistance, and the lower short-term focus is on the 2330-2325 line of support.by Mark-VIP008Updated 8
Gold trading signalsGold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The dollar continued to rise and gold came under pressure again. Today, gold is mainly short-selling at high levels, supplemented by long-selling at low levels. Focus on the 2350-2355 area at the top to enter with short orders, and focus on the 2325 area at the bottom for support.Shortby Mark-VIP008Updated 11
100% accurate gold trading signals.Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be changed. Pay attention to the pressure on the 2356 line above, and give priority to shorting at rebound highs. Yesterday, the market fell below the 2350 mark, then the short-term market will return to the shock range again, with support below 2330-28, followed by 2322, and the intraday range is expected to be 2356-2322by Mark-VIP008Updated 1115
Golden trading opportunityData released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term, hitting a maximum of 2378.37 before falling back. The U.S. dollar index fell about 40 points in the short term, hitting a low of 104.4046, and then recovered some of the losses. Gold fluctuated and rose today. The price fell back to support the rise near the 5-day moving average of 2354 in early trading. The trend was in line with bullish expectations in early trading. The data in the evening were bullish, and the market surged in the short term and broke through the 2378 line. At the top, pay attention to the pressure on the upper rail. The upper rail is currently moving up to around 2385. If you are bullish, do not chase the rise. Pay attention to the pressure pullback opportunities near the upper rail.by Mark-VIP008Updated 8
Golden range profit signalGold hit the bottom and recovered to close as expected on Wednesday. The price of gold retraced its lowest support of 2351.7 and started to rise. It closed at 2385 in late trading, with a daily increase of 1.18%. It is a strong closing pattern, which also laid the foundation for Technically, after the daily closing of the Yang line, the gold price rushed towards the 2400 mark to test the resistance. Although there was no direct breakthrough in early trading, and the market has briefly entered the correction stage after the short-term retracement, we are still optimistic about the market breakthrough later. In the short term, we can only look at the conversion support of the previous high of 2378. If 2378 does not break, the market will stabilize and rise again. The best choice for intraday operations is to follow the trend with long orders.by Mark-VIP008Updated 2213
Will gold continue to rise?Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current trend, there may be room for continued growth on the daily trend. If it closes above 2378 in one hour, it will further hit 2400, or even the previous high! Therefore, radicals can choose to go long in light positions at 2375! On the whole, today's gold short-term operation thinking is Xu Xin's suggestion to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2395-2400 first-line resistance, and the bottom short-term focus will be on the 2372-2370 first-line support.Longby Mark-VIP008Updated 17
Gold insider information.The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half dovish, which resulted in the data and speech having a limited impact on gold prices, but he also stated that the next step is unlikely to be to raise interest rates. Meanwhile, geopolitical concerns boosted gold as Israel massed troops in Rafah after ceasefire talks broke down in Gaza and U.S. officials said a full-scale offensive was possible in the coming days. U.S. CPI data for April will be released in the evening. If the data is weak, it will be beneficial to postpone the interest rate cut.by Mark-VIP008Updated 118
if scenarios if we can come back down, based on the 15m candle closes. im looking to enter these trades. Longby FormedzeusUpdated 3
Gold Sell PotentialGold is in a price range . Today we have the news of American inflation PCE at 16:00. Due to the conflicting news of Federal Reserve, we cannot predict a specific number for this news. But gold sell seems more logical. After stabilizing the price in the 233.279, we can have a more logical sell position. Due to today's news, we may not realize the sell movement that we have from the market, and the movement that we predict will happen in the next few days or market future hours. Let's see what can happen.Shortby EisaSafariUpdated 2
Gold - UniverseMetta - Analysis#Gold - UniverseMetta - Analysis After the impulse, the price corrected by more than 50%, what can we see in the near future? If we consider a rebound from the level of 2324, we can consider buying from the level of 2355 further along the trend to the ATH update. In this case, sales must be refused. and consider a local movement to the level of 2390. To continue the downward movement, you can consider entering from these values, with a short stop on the idea, beyond the buy entry level with a target of 2280. Target 2390 - 2460by Trade-U-Metta3
Gold H4 chart Hello If you ask me, as a swing trader, that where is ok for getting in a position, I say nowhere for this and at this time, but there are 2 confirmations that should be met before you get in. I prefer to enter after that pullback of the second confirmation. Thanks Longby AMA_FXUpdated 4
GOLD BULLISH BIAS RIGHT NOW| LONG Hello,Friends! Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2362.127. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 112
XAUUSD Gold short IdeaPersonally, I'm looking bearish for gold until breaks 2347.40 I'm checking short entry now from 2343. My SL will be above 2347.40. My reason to be bearish is 1) Actually i was expecting price to reach 2336.40, if price did reach that point I wouldn't look for a comeback to fulfill 2) Price made a lower low from 2339.71 but didn't make a higher high above 2347.74. That's why maybe bullish is weak. Please trade on your own risk and confirmation. My TP is 2338.40 Shortby Badi_GunnarsUpdated 1
Gold Falling ConfirmOANDA:XAUUSD Gold retreated to the $2,350 area after rising above $2,360 in the early American session. The benchmark 10-year US Treasury bond yield stays in positive territory after upbeat consumer sentiment data from the US and limits XAU/USD rebound.Shortby Senorita71Updated 43