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
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 - at immediate resistance? Holding or not??#GOLD.. a perfect move as per our video analysis, congratulations to all followers. Now market near to his immediate resistance in hour chart. Keep close it and if market hold 2337 then a further drop expected from here. Selling invalidate above 2337.00 Good luck Trade wisely by AdilHussain731333Updated 333339
"HOT UPDATE: XAUUSD MODESTLY RISES, US PCE DATA ATTRACTS ATTENTIWelcome investors to today's market update, where we will delve into the developments of the XAUUSD forex pair. The XAUUSD currency pair is drawing special attention from the Forex trading community. Meanwhile, data on the Personal Consumption Expenditures (PCE) index of the United States is also the focus of the market. XAUUSD has experienced a modest growth phase, with gold prices edging slightly higher against the US dollar. Today, global gold prices have seen a slight increase of 0.11%, equivalent to a rise of 2.62 USD/Ounce. However, the Relative Strength Index (RSI) over the past 14 days fluctuates around the midpoint of 50, indicating a lack of direction in gold prices, with further consolidation seeming favorable. Based on US PCE data, forecasts for the XAUUSD market could see significant fluctuations in the near future. If PCE data exceeds expectations, it may lead to a decline in gold prices due to concerns about the Fed possibly raising interest rates sooner than expected. Thank you to our esteemed readers for following today's world gold bulletin. Join us as we continue to provide the latest and most accurate information about this market." by Jesscica6
GOLD PLAN 5/31World gold recovered yesterday after declining to test the support zone around 2322. Gold sometimes increased above 2350 when many US data released, including GDP data, showed that the economy was recovering. slowed, raising hopes that the US Federal Reserve (Fed) could cut interest rates later this year. Today the market focuses on Core PCE data– FED's preferred inflation assessment data at 19:30. According to data from the US Bureau of Economic Analysis released on Thursday, annual US GDP growth in Q1 was revised down to 1.3% from an initial estimate of 1.6%. This was lower than the 3.4% in Q4 but in line with analysts' expectations. GDP data shows that the US economy is not as strong as analysts previously thought and could indicate a decline in inflation, which in turn could prompt the Federal Reserve (Fed) to lower interest rates – a positive for with Gold because lower interest rates reduce the opportunity cost of holding the precious metal. Despite some signs that the labor market is weakening, the likelihood of interest rate cuts in June and July remains low. However, there are growing expectations for the Personal Consumption Expenditure (PCE)-Core PCE data released at 7:30 p.m. on Friday, which is likely to impact the Bureau's next expectations. Federal Reserve (Fed). Traders are anticipating the April release of the Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred measure of inflation. The core PCE number is expected to be 2.8% YoY, while headline PCE is expected to grow 0.3% MoM. In summary: The market is waiting for Core PCE data - the FED's favorite inflation assessment data to be published at 7:30 pm tonight. The data can change expectations for future interest rate cuts by the FED, thereby significantly affecting gold prices. Data is currently forecast to be 0.3%, equal to the previous period's 0.3%. If actual data released exceeds expectations ==> FED will keep interest rates high for a longer period of time, thereby causing gold to fall. On the contrary, if the data is weaker than expectations ==> Expectations for interest rate cuts increase ==> Gold is supported to increase. About the technical angle. 🔴SELL price range 2355 - 2457 SL 2352 (scalping) 🔴SELL price range 2373 - 2475 SL 2378 🟢BUY price range 2335 - 2333 SL 2300 (scalping) 🟢BUY price range 2324 - 2322 SL 2319 (scalping) 🟢BUY price range 2317 - 2315 SL 2312 (scalping) 🟢BUY price range 2305 - 2307 SL 2302 I will update if there are more entry Longby WinlouhUpdated 3
Daily live trade with XAUUSD in 15m/30m/1h 20240531Daily live trade with XAUUSD in 15m/30m/1h 20240531Longby tradermongolia2
SILVER Swing Long! Buy! Hello,Traders! SILVER is going down To retest the strong Horizontal key level of 30.00$ Again and we are locally Bullish biased so we Will be expecting A bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals113
GOLD SELLBased on weekly TF, the RSI is showing divergence which shows that the market has reached overbought level. Plus the previous weekly bearish engulfing candle shows sellers are in control of the current trend. Daily TF is also showing bearish movement. We could see further down trend of the market should the sellers continue giving pressure Shortby WiLLProsperForexUpdated 2
short to 2292Hi traders would like to share my forecast for XAUUSD Hope you have profitable tradeShortby AziztvtUpdated 8
Bounce by ES 5180 LONG from there.This is the additional Pivot level we added to the Indicator CD_Camarilla All_Levels, so it is the extreme of the extreme buy level. Buying at this level S6 is very safe, just like selling an ALL time High R6, which has never cost me. If you dob't know about The Pivots study my Ideas. We had. run for 3 months with over 99 trades before we had a loss ( We sold R5, and the FOMC made a surprise RATE change which aused the market to go up for 2 months. Lesson to be learned there is #1 always safe a stop outside the pivots range, a catastropic stop, not a "tight stop" whch the MM use to tforce overtrading. #2 Don't trade, as a rule, before an FOMC announcement. These are swing trades based on 60" to 6 hour charrts, The Pivots don't show up in daily and above charts. If you understand what The Pivots are and how they work you know why. a days pivot range is created based on the previous intraday Pivots range. My trades are also based on many other factors, elliot waves, TTM Squeeze Pro, Candlesticks, etc. In a 6 hour chart we have a shooting star to continue down. No doubt we will explore S5 and possibly S6. I have been posting Ideas for 8 years here. Look at my past posts.. 2019 i predicted we would go up for 5 more Ellitot waves before the first ATH Jan 22. My next major post/Idee was March 2022, I shared that we had a "Tripple Thrust parrern from 2010 we went up on 3 sets of 5 waves up, corrected down from a lwer high, down for 6000 points on the NQ. Then I posted we would continue up as part of Elliots, Grand Supercycle Bull Market to new ATH which we have all seen. If you like my Ideas please follow me. I called this a LONG, but don't buy before S5 or S6 next week.Longby dryanhawley1
XAUUSD May 31, 2024 gold price reaches correction target?Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals. The news was announced yesterday Preliminary GDP news is 1.3%, lower than expected 1.6% Applications for unemployment benefits were 219k, higher than the previous period's 216k News that pending home sales are down 7.7% Yesterday's news indicators are showing that the US economy is facing difficulties due to the Fed's monetary policy control. Looking back a bit, we see that the CPI (Consumer Price Index) this period has decreased compared to the previous period. Tonight, the PCI (Personal Consumption Index) will be announced. If this index cools down, US inflation should have a good signal. This will contribute to helping the FED loosen its current monetary policy. The goal of tightening monetary policy is to ensure inflation reaches 2%, and when tightening monetary policy, raising interest rates will cause the economy to stagnate. Therefore, if US inflation has shown signs of cooling down while the economy is showing signs of stagnation, it is necessary for the Fed to consider policies to ensure a balance between economic goals and inflation goals. . Looking at the H1 chart, we see that the first target of wave 5 was achieved, then the price rebounded. - After the price bounces back, it is still early to say the correction has ended because the correction is confirmed to end when the price closes above 2450. But at least we will expect a price increase to the target. 2400 next week. - Currently we have price that has completed wave 1 as shown on the chart and is completing wave 2. We have a very good buying target which is the price range from 2337 to 2332. Our trading plan is to wait for the price to react in the price range 2337 to 2332 to look for buy signals.Longby DEEKOPUpdated 8
The most comprehensive gold analysis helps you make moneyOn Wednesday, the prices of European and American bonds fell across the board, and the upward yields collectively put pressure on gold prices. Specifically, on the one hand, the yield of Germany's benchmark 10-year German bond rose by more than 10 basis points during the session; on the other hand, after the two-year and five-year Treasury auctions on Tuesday were both in poor demand, Wednesday's $44 billion seven-year Treasury auction was still weak, and U.S. Treasury yields continued to rise during the session. The 10-year Treasury yield rose above 4.60% for the first time in nearly four weeks, and the two-year Treasury yield approached 5.0%, a four-week high. Treasury yields in the United States and other parts of the world generally rose, which put pressure on gold prices to a certain extent. The U.S. dollar index also rose during the session following the rise in U.S. Treasury yields, erasing the decline since the U.S. CPI inflation cooled in April more than two weeks ago. The ICE Dollar Index (DXY), which tracks the exchange rate of the US dollar against a basket of six major currencies including the euro, basically maintained its upward trend throughout the day on Wednesday. Only European stocks turned short-term before the market opened and fell below 104.60 to refresh the daily low. The US stock market accelerated its upward trend before the market opened. The US stock market broke through 105.00 in the morning and rose to above 105.10 in the afternoon, up 0.5% on the day, refreshing the intraday high since May 13 set last Thursday, exceeding the level before the release of the US April CPI on May 15. The rise of the US dollar suppressed gold priced in US dollars, and the gold trend closed with a negative decline. Technical aspects: The recent rebound stopped at the 2363.0 line, and the price fell rapidly. The market center of gravity turned from oscillating upward to downward, and the short-term trend was bearish. In the moving average system, the price crossed the short-term 60-day moving average and 100-day moving average, indicating that the price was under pressure; and the MACD fell below the 0 axis, indicating that the downward trend of gold appeared, and the price may weaken in the short term. In terms of operation, try to short on rallies. It is recommended to try to arrange short orders near the pressure level of the 60-day moving average of 2349.0. Pay attention to the first support level of 2326.0 on the downside. If it breaks down, the short position will further test around 2303.0Shortby Mark-VIP008Updated 7
XAU/USD BUY CLOSE 60+ PIPSGOOD DAY TRADERS Trade sent yesterday been running in profit. close active trades market will be closed over the weekend to avoid drawdown or stop loss hit.Longby Low-keyFXtrader3
WTIin the pic u see that our downtrend was broken with good impulsive move out after that i stay like snake to hunt it the price come to my zone now if i see good confirmation i will long wti Longby Mehrab-MO3
GOLD continuing downtrendOANDA:XAUUSD reached a peak of $2,450 in May but has since fallen over 4%. This shift indicates a change in investor sentiment, with bullish investors likely seeking other opportunities. The weakness in gold may persist due to factors like inflation and the US central bank's restrictive stance. Traders watching short positions should pay attention to the $2,335 support zone. This area combines important technical indicators, such as a key trendline and the 38.2% Fibonacci retracement of the March-May rally. If the price decisively falls below $2,335 with above-average trading volume, it would be a strong selling signal. If the price drops below $2,335, the next important level to watch is the 50-day simple moving average at $2,325. Breaking this support could lead to a further decline, with potential downside targets around $2,265, which is a critical Fibonacci level near this month's lowest point. If bulls regain control and prices rise, resistance at $2,365 and $2,377 may pose a challenge. However, surpassing this level could change bearish sentiment and potentially lead to a rally towards $2,420. Further strength could even bring the all-time high back into play.by Xayah_trading3
WTI CRUDE OIL: Opportunities to profit sideways.WTI Crude Oil turned bearish on its 1D technical outlook (RSI = 39.681, MACD = -1.020, ADX = 30.568) but remains neutral on 1W (RSI = 46.231) as it is approaching again the 1W MA200. That is a critical Support as not only it is untouched since February 5th but is the long term level that Oil has been bouncing aggressively on since March 2023. We look towards a Rectangle consolidation-accumulation as the last two times that the 1W MA200 was tested. We will buy on S1 and target the R1 level (TP = 80.60). Until we close over the 1D MA50, our strategy is to scalp this range. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope5
Sellers are still in Comtroll selling Gold at POI . because the market structure remains at four hours Bearishby Ronymontana2
XAUUSD: Trend in 2H timeframePlease pay special attention to the accurate trend, colored levels, and red level as SL. >>>>>>>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<<< Be careful BEST MTby MT_T2
XAUUSD: 30/5 Analysis and Strategy TodayGold technical analysis Daily resistance 2370, support below 2300 Four-hour resistance 2343, support below 2300 Gold operation suggestions: Yesterday, gold technically came under pressure at the 2363 mark in the Asian and European sessions, and fell back and bottomed out. It showed a unilateral short-selling decline throughout the day. The weak rebound in the US session came under pressure at the 2347 mark and fell again. The overall price ushered in short-selling pressure adjustment at the 2360 mark, and the short-term technical indicators still showed a weak short position. From today's perspective, there is still an expectation of further downward decline in gold. The upper resistance of the intraday rebound focuses on the opening of the US hourly line yesterday, 2347-2350. The intraday rebound relies on this position to continue the main short and follow the trend to look down. The short-term long and short strength watershed focuses on the 2370 mark. Before the daily level breaks through and stands on the 2370 line, any rebound is a short-selling opportunity, and the main tone of participating in the trend is maintained. SELL:2370 near SELL:2360 near SELL:2347 near BUY:2303 near Technical analysis only provides trading direction! Shortby ActuaryJUpdated 12
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
GOLD moves sideways ahead of Fed's favorite inflation dataDuring the trading session on the Asian market on Friday (May 31), spot gold decreased slightly, currently at 2,339 USD/ounce. On this trading day, investors will receive the most important economic data of the week, US PCE inflation data, which is expected to stimulate the market trend. Gold prices recovered some of Wednesday's losses on Thursday after the US gross domestic product (GDP) showed the economy was slowing. US GDP data has revived hopes that the Federal Reserve may cut interest rates later this year. Data released by the US Department of Commerce on Thursday showed that the US quarterly real GDP rate in the first quarter was 1.3%, below the previous baseline value of 1.3%. .6%, reflecting lower-than-expected consumer spending. Personal spending, the main growth driver of the US economy, increased by 2.0%, compared to the previous initial value of 2.5%. The U.S. Department of Labor reported Thursday that 219,000 people filed for unemployment benefits in the week ended May 25, compared with expectations of 218,000 and a previous figure of 215,000. U.S. economic growth was slower than in the fourth quarter of last year, suggesting that higher borrowing costs set by the Federal Reserve are having an impact on the economy. Meanwhile, the US Department of Labor revealed that the number of people applying for unemployment benefits is increasing. These two factors have weakened the Dollar in the short term. Today (Friday), US personal consumption expenditure (PCE) price data for April will be released. Surveys show that the US PCE price index in April is expected to increase 0.3% monthly and increase 2.7% year-on-year. In terms of more important core data, surveys show that the US core PCE price index for April is expected to increase 0.3% month-on-month and 2.8% year-on-year. . As the Fed's preferred measure of inflation, year-over-year changes in the core PCE price index have a larger impact on policymakers which in turn impacts the underlying trend of gold prices. Analysis of technical prospects for OANDA:XAUUSD Technically, gold is still mainly moving sideways due to the lack of a fundamental impact to create a surge, but overall, it has the conditions to decrease in price due to price activity below EMA21 and an uptrend. in the medium term was broken before. Although the recovery from the technical level of 2,324 USD was noticeable to readers in yesterday's edition, it is also limited by the EMA21, and for gold to be eligible to continue its recovery, it needs to at least reach Price activity is above the 21-day moving average (EMA21). On the other hand, gold is likely to fall more towards $2,305 – $2,300 once $2,324 is broken below. During the day, the technical trend of gold price leans more towards the possibility of price decline with notable levels being listed as follows. Support: 2,324 – 2,305 – 2,300USD Resistance: 2,345 – 2,353USD 🪙SELL XAUUSD | 2376 - 2374 ⚰️SL: 2380 ⬆️TP1: 2369 ⬆️TP2: 2364 🪙BUY XAUUSD | 2306 - 2308 ⚰️SL: 2301 ⬆️TP1: 2313 ⬆️TP2: 2318by Xayah_tradingUpdated 118
Gold repeats History!You better don't miss out on this one! She almost reached her zone around the 79%. Where it is a good point to buy as you can see in the history.Longby ProcessAndIntercept3
Double top for Silver, possible reversalDouble top can be an extremely bearish pattern, now we wait for the price of XAG/USD to drop below the support level (neckline) indicated on the chart in order to target the price around $28. Shortby Samo_Danilo3