Gold falls below trendline support, ready to sell highAfter three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
Xauusdsell
The bullish trend in gold prices became cautious before FEDGold prices (XAU/USD) traded with a mildly negative bias entering the European session on Wednesday and retreated further from the vicinity of the all-time high retested today. before. Traders decided to trim their bullish bets following the recent strong rally witnessed over the past week or so and ahead of the Federal Reserve Chairman`s (Fed) congressional address ) Jerome Powell. Powell's comments will be closely scrutinized for further signals on the Fed's interest rate cut roadmap, which will play a key role in influencing the price dynamics of the US Dollar (USD) and creating The new directional impetus for the yellow metal is not profitable.
Additionally, traders on Wednesday will also be faced with the release of the US ADP report on private sector employment and JOLTS Job Openings data. This could further contribute to creating short-term opportunities around Gold prices ahead of the official monthly US employment details, commonly known as the Nonfarm Payrolls (NFP) report. ) on Friday. Meanwhile, worries about tensions in the Middle East, concerns about a slowdown in China and speculation that the Fed will start cutting interest rates in June are said to be weighing on the silver. green, will support precious metals.
🥇Gold🥇Roadmap🗺️🏃♂️ Gold is moving in the 🟡 Potential Reversal Zone(PRZ)($2,174-$2,107) 🟡
🌊In terms of Elliott wave theory , it seems that Gold has completed wave 3 , and we should wait for a correction to the Fibonacci levels and the 🟢 Support zone($2,070-$2,054) 🟢.
🔔I expect Gold to rise again after the completion of wave 4 (at least to the Yearly Resistance(1) ).
Gold Analyze ( XAUUSD ), 4-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, and Trade safe.
XAUDUSD: Investment managers eye the dollar for faster settlemenSome funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring.
The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities inclusive of shares to settle one commercial enterprise day after trading, called T+1, begins offevolved May 28. This extrade is supposed to lessen marketplace danger.
The transition to T+1 is posing demanding situations for overseas asset managers, who want to change their neighborhood currencies for bucks to have interaction in shopping for and promoting US securities. Currently, forex trades that fund inventory trades settle in days. Regulators are adapting to make sure those transactions aren't excluded from CLS, the primary multi-forex agreement device for forex (FX) transactions.
By running their price range in bucks, custodians can limit the danger of behind schedule bills and failed transactions, as they may not want to transform their neighborhood forex inside a compressed timeframe.
Custodians inclusive of BNY Mellon are exploring methods to assist buyers in Asia with the aid of using extending agreement cut-off intervals for a number of the region's most important currencies, inclusive of the Australian greenback, yen Japanese and Singapore bucks, approximately hours. The worldwide head of FX platform income at BNY, said that this extension will permit intraday execution to maintain later withinside the day.
CLS, on the request of foreign places regulators, is likewise thinking about the opportunity of changing the cut-off date for sending forex transaction commands for next-day agreement. The employer estimates that approximately $sixty five billion an afternoon in forex trades from asset managers ought to omit the cut-off date.
CLS's CEO does now no longer anticipate an operational extrade earlier than the May cut-off date however emphasised that CLS is operating with the marketplace to locate capacity answers to the demanding situations.
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day.
According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector.
⭐️ Personal comments NOVA:
In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2064 - $2066 SL $2060
TP1: $2070
TP2: $2076
TP3: $2082
🔥SELL GOLD zone: $2093 - $2095 SL $2100
TP1: $2088
TP2: $2080
TP3: $2070
⭐️ 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 longest
Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085!
The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
Gold prices returned to historic highsGOLD this morning there's no Gap. Currently shifting sideways to accumulate. At this rate, I suppose GOLD can nonetheless growth further, everybody.
> This region everybody must discuss with Buy GOLD round 2080>2082
SL 2079
City 2086>2100
If in this day Gold falls thru the Accumulation Zone as above, everybody must watch to Sell Strongly whilst GOLD falls to the 207x Zone. During this period, I additionally wish there might be a mild restoration wave at round 5>10 prices. Let the Sellers get rid of their orders 😊.
>This is my opinion. Everyone, please observe alongside to go into the order. If there's any information, I will replace more ❤️❤️
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World gold charges these days stand at a excessive stage because of expectancies of loosening economic coverage through the United States Federal Reserve (Fed) after the discharge of extremely susceptible US financial reports.
Although charges have recovered, many analysts are involved that gold may also face difficulties. After on every occasion the treasured metallic breaks the resistance stage, the marketplace fast gets a sell-off cause for profit-taking through buyers. Profit-taking may want to push charges lower back into the variety that has been in area for a while now.
Last week, 14 analysts participated in Kitco News`s gold survey. Surprisingly, no person predicts gold charges will lower withinside the close to future. The survey suggests that 79% of analysts assume that gold charges will boom withinside the close to future, the final 21% assume that gold charges will pass sideways.
This week, the marketplace will watch for the February non-farm payroll report. This employment information is taken into consideration very crucial through buyers and might do away with the whole lot that gold had final week. .
Many reviews say that if global gold charges keep to boom sharply
Not yet enter yet, Wait for sweep to go down. {4/03/2024}Educational Analysis says XAUUSD may move in this range for some time according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
So Waiting for the market to get liquidated and start to shoot down.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Gold Price to Cool Down? Are you guys Shorting GOLD {16/01/24}Educational Analysis says XAUUSD may move in this range for some time according to my technical.
Broker - FxOpen
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Now it's time for🥇Gold🥇to Fall✅As I expected in yesterday's post , Gold started to rise again after breaking the Resistance lines and reacting to the upper Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴.
🌊Regarding Elliott wave theory , It seems that Gold has completed the Zigzag Correction(ABC/5-3-5) on the Resistance lines and the 🔴 Resistance zone($2,071_$2,054) 🔴, and now we have to wait for Gold to fall .
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🔔I expect Gold to fall to at least the Uptrend line .
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, and Trade safe.
Gold is at the high of its shock range, choose Sell in 2037Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits.
From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape! Gold price is the first to reach the upper pressure near 2036 and sell first! If there is a unilateral breakthrough in the near future, you need to stop losses immediately and follow the trend!
Yesterday I said that the current market is at a high level and is oscillating. It needs to sell high and buy low within the range, and it is now at a high level within the range. So today I will no longer continue to be bullish, but sell at the current price. Specific operation details Customize it yourself.
If you want to get my accurate signal, you can contact me below. Good luck to everyone.
GOLD Trying To Create New L.H & L.L , Bearish In Control Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.