Gold's last leg toward 2308 +/-. 30/May/24XAUUSD probably trending down toward wave (b) yellow of expanding flat (a)(b)(c)(yellow) in wave in b (blue circled). Probably a "good news" for gold on this coming Friday Core PCE Price Index. Shortby SteveTan4
XAUUSD on May 30, 2024, the rally is about to beginWith the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5. Today will release news on unemployment claims, preliminary GDP, and pending home sales, with forecasts worse than last period, if tonight's actual index reflects correctly. This seems to signal that the US economy is being affected by monetary policy due to maintaining current high interest rates. Tomorrow is an important day to announce the PCI index (Index of price changes and consumer goods purchased by consumers excluding food and energy). If this index cools down, it could influence the Fed to loosen current monetary policy. Looking back over recent times, we see that the CPI inflation index has begun to show signs of decreasing, combined with economic pressure that may cause the Fed to decide to loosen its monetary policy, especially tomorrow if PCI index cooled down. Looking at H1, we see that the price has completed wave 4 and is continuing to complete wave 5. - We see that the current price has broken below the supply and demand balance zone as shown on the chart - With the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5. - We wait for the price to reach the 2322.7 or 2311.5 areas to find reversal signals to decide to buy.Shortby DEEKOPUpdated 4
USOIL/WTI - LongBullish divergence on 1H, 4H, 1D Trendline breakout Entry on retest at Fib 0.5Longby Mibbro2
Today is still a bearish day probably closing at $2327Volumes negative. The news in 3 hours time has already being accounted for in the last 24 hours. The interesting thing though is the 70% resistance line of the RSI does not get broken for the last couple op days which means the sellers will remain dominant in the gold market. This might remain the position for the next couple of days.Shortby wniebuhr0
XAUUSD- BUY OPPORTUNITY-KISSWould like to see a rejection act as support on the right shoulder also key 618 FIB LEVELLongby essencecoats0
GOLD Will Move Lower! Sell! Take a look at our analysis for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,348.348. Considering the today's price action, probabilities will be high to see a movement to 2,288.590. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 225
Natural gasNatural gas is at the lowest price and the reason is the unprecedented heat in winter. Currently, natural gas is one of the suitable options for annual investment and the expected profit for it is +200%Longby sashacharkhchianUpdated 2210
Gold continues to sell accurately. The target is 2300 or lower Gold continues to create new lows this week. At present, many people may think that the market will rebound sharply again. I think it is difficult. Because there is no important news to drive the gold price up sharply. And the market is still in a downtrend. The trend is a sharp rise before the technical repair. In the short term, it is expected to fall below 2,300 points. Everyone should be mentally prepared. COMEX:GC1! OANDA:XAUUSD TVC:GOLD The current price can still continue to sell. The upper pressure is at 2345-2351Shortby AA_Jack0
World gold price today!Gold prices are currently facing fresh selling pressure around $2,330, extending the earlier decline seen on Thursday morning. The continuous rise of the US dollar has put downward pressure on gold prices. Investors are eagerly awaiting a series of new economic data from the United States and several speeches from Federal Reserve policymakers, hoping to glean new policy signals to determine the trend for gold prices. by Trader_BrianFX114
XAGUSD continues to give excellent set-ups to trade.Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after a Higher High, it pulls back to the 0.618 Fibonacci retracement level and then rallies to the -0.5 Fib. As a result, we will wait until the price approached the 1D MA50 (blue trend-line) again as it did on May 02 and then buy, targeting 35.000 (just below the -0.5 Fib and at the Top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot11
Closing my Selling order in Profit / #44 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have engaged new Selling order with #2,352.80 entry point (optimal Target remains #2,300.80 benchmark). Unfortunately I didn't closed my yesterday's Selling order with #2,356.80 entry point on #2,342.80 (was in decent Profit) as I believed that Selling sequence has to continue towards #2,300.80 benchmark however DX suffered strong hits and Gold reversed and hit my breakeven Stop." I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle. Technical analysis: Gold has hit and reversed near the #2,350’s, April #26 - April #29 local peak which is currently posing as an Resistance zone. I spotted necessary consolidation on Daily chart after the latest #2,340.80 Support break (in the same manner representing yesterday' session Low’s), in a candle sequence that resembles the sideways motion from April #23 on Gold. This suggests that Technically, Hourly 4 chart can’t stay Neutral anymore and should turn Bullish or Bearish, picking a side and revealing major move any moment due to the Bullish Fundamentals and now on critically Bearish Technicals readjusted over-night. This slowdown on Daily chart is also an indication that the Intra-day correction process is near the completion, as that the Weekly chart (#1W) is charging Medium-term Bearish reversal. A flat Trading session so far on Hourly 4 chart (with #2 minor spikes) which raises no further need for analytical approach than what I’ve already done as I firmly expect #2,300.80 benchmark test ahead. Only #2,324.80 - #2,327.80 Support zone stands between #2,300.80 benchmark and current Price-action. My position: I am Highly satisfied with my recent Selling orders as I am keeping #2,344.80 re-Sell order from yesterday's session with #2,300.80 as an optimal Target.Shortby goldenBear881115
Closing my Selling order in Profit / #44 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have engaged new Selling order with #2,352.80 entry point (optimal Target remains #2,300.80 benchmark). Unfortunately I didn't closed my yesterday's Selling order with #2,356.80 entry point on #2,342.80 (was in decent Profit) as I believed that Selling sequence has to continue towards #2,300.80 benchmark however DX suffered strong hits and Gold reversed and hit my breakeven Stop." I have closed my Selling order (#2,352.80 - #2,340.80) which delivered fine #12-point Profit, and on a pullback to #2,344.80, throughout the same session, I have re-Sold Gold on #2,344.80 and kept the Selling order with #2,300.80 benchmark Target which is currently running in excellent Profit. I am on #44 Profits and #9 Stop hits regarding October - May cycle. Technical analysis: Gold has hit and reversed near the #2,350’s, April #26 - April #29 local peak which is currently posing as an Resistance zone. I spotted necessary consolidation on Daily chart after the latest #2,340.80 Support break (in the same manner representing yesterday' session Low’s), in a candle sequence that resembles the sideways motion from April #23 on Gold. This suggests that Technically, Hourly 4 chart can’t stay Neutral anymore and should turn Bullish or Bearish, picking a side and revealing major move any moment due to the Bullish Fundamentals and now on critically Bearish Technicals readjusted over-night. This slowdown on Daily chart is also an indication that the Intra-day correction process is near the completion, as that the Weekly chart (#1W) is charging Medium-term Bearish reversal. A flat Trading session so far on Hourly 4 chart (with #2 minor spikes) which raises no further need for analytical approach than what I’ve already done as I firmly expect #2,300.80 benchmark test ahead. Only #2,324.80 - #2,327.80 Support zone stands between #2,300.80 benchmark and current Price-action. My position: I am Highly satisfied with my recent Selling orders as I am keeping #2,344.80 re-Sell order from yesterday's session with #2,300.80 as an optimal Target.Shortby goldenBear886
XAUUSD BEARISH - MAY 30📢 Signal: SELL XAUUSD 📉 Entry Point: 2334.42 🔍 TP1: 2330.42 🎯 (40 pip TP) TP2: 2326.42 🎯 (80 pip TP) TP3: 2322.42 🎯 (120 pip TP) SL: 2338.92 ⛔️ (45 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalShortby mr_bombastic_signal0
Gift Nifty channel patterngift Nifty is on channel pattern. first support in 22500 next support in 22000 by BLOCKROCKS20232
Platinum Approaching Key SupportVersus the US dollar, Platinum is inching closer to a notable area of support after refreshing year-to-date highs of $1,095 last week. Having seen price action pencil in a clear uptrend since February this year, a test of support between $987 and $1,002 could have dip-buyers make a show. The support area consists of two horizontal support levels around $990, one of which represents a failed Quasimodo resistance (turned possible support), a descending support line, extended from the high of $1,013, a 38.2% Fibonacci retracement ratio and a 50.0% retracement ratio at $997 as well as a 100% projection ratio coming in from $987. Longby FPMarkets0
Gold Confirm Buy Today Gold price fell into the red for the first time this week, heavily undermined by the market’s growing skepticism that the Fed will cut interest rates more than once in 2024. According to the CME FedWatch Tool, markets are pricing about 53% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 60%.Shortby Forex_Master-24
Gold Confirm Buy Today Gold price fell into the red for the first time this week, heavily undermined by the market’s growing skepticism that the Fed will cut interest rates more than once in 2024. According to the CME FedWatch Tool, markets are pricing about 53% odds that the Fed will hold rates in September while the probability of a November rate cut stands at around 60%.Shortby Forex_Master-26
Gold Important Areas to Look Out For:"If the price closes below 2325, it indicates a potential further decline, possibly opening the door for a drop to 2200. However, if the price sustains above 2335 and closes above this level on the 4-hour time frame, there is a high chance of maintaining the uptrend and pushing higher towards 2400." COG : 2355 Resistance Levels: 2335 2345 2355-60 2372 Support Levels: 2328 2306-11 2280 2200 Longby Gravity-Traders-Academy2
USOIL BEARS WILL DOMINATE THE MARKET|SHORT Hello,Friends! We are targeting the 77.96 level area with our short trade on USOIL which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 229
PALLADIUM LONG AT 960I´m expecting PALLADIUM will reject the daily demand zone and will climb higher. If you have decided to trade this idea PLEASE DO NOT BUY NOW. Price is not favorable till rejection is done. Wait for a retest of the entry line and monitor the retest on lower TF like 15M-30M-1H. After this big drop it is likely that there will be a pullback which can give price a momentum to climb. Every line is a TP area. I will update this trade when-if entry conditions are met. Wish you good luck. For beginners. I´m not a signal service, however I´m sharing my ideas. For free. I don´t have 30K followers (not spending money on paying bots from farms to have them), so instead please check shared ideas to know, what you will trade. Invest(your time) into learning instead of paying for signals and blow your accounts. Longby Rendon1334
GOLD Bearish time. on the long run is still sideways bearish target is 2100 because fed is still hold higher rates for long time. watch your risk management. Good Luck. i try to always we will keep you all updated . Please don't forget to like, comment and follow to support me, i really appreciate you support ! i'll help you to have a great trade. Please using good money management. dont take any emotional trade. Note: Dont risk more than 0.2% on trending market Dont risk more than 1% on ranging market Wish good luck for all people. Please help support me by Clicking like button, and if you like my ideas please follow me and support me. i Relly Appreciate it! i'll make more and more great analysis if this chanel grows. on Gold, eurusd, gbpusd and oil specially. what do you think? please comment and rate below. Thankyou.Shortby LaurentWilvyne112