XAUUSDHello traders ,what do you think about GOLD ?After Friday's drop and breaking the support zone gold is now nearing the next support zone .After the correction and pullback to the broken zone, it is expected to fall at least to the next levels
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Xauusdshort
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After CPI - Gold price returns to starting pointLast night time Gold had robust information however there wasn`t an excessive amount of movement. With Today's Price Trend and Model, I assume Gold will retain to Buy underneath the 231x Zone in line with the accrued factors of the Buyers. And Canh Sell Above the 233x quarter in line with the Trend Line in H4 and D1
> Please confer with modern-day buying and selling rate plan. Buy Gold round 2308>2312
SL 2300
TP 2325>233x
Watch Sell Gold withinside the location 2337>2340
SL 2342
TP 2330>232x
These are the rate stages I will look ahead to transactions. You can confer with and observe this framework to trade.
ARE YOU CONSIDERING THIS? GOLDUsually I do not trust pattern and I do not like to trade them. I like to trade support, resistance, inducement, and real zone of interest. But, in this case this pattern fits with what I like. I drawer a possible bull flag, and fits with my trading style because I expect a drop on GOLD possibly today. It would be awesome to see a fake bullish moves in the coming hours, with a reversal in the US, and a drop till the supply area at $2266. Here, one longs are liquidated, XAU has potential to bounce
XAUUSD Swing TrendXAUUSD Swing Trend
Down Trend in my 3 Trends Analysis
Open a Sell position when the price reaches the FVG zone and make a Reversal Pattern which is close to the Cancel Minor Trend line which is a short Stop Loss point and is also a significant line from the POC of Volume Normal Distribution above.
Still looking down And the downward momentum will look better when the price drops below 2280.
The target is to drop in the area of 2200 - 2150 which is the lower support zone.
Things to be careful about: Time Cycle, the latest low was exactly 21 days, so this set of downtrends should break the Low to head down for 34 days, according to the Fibonacci proportion.
Trade with faith in your beliefs and follow your own plan.
C.Goii SuperTrader
GOLD FALLS MORE last CPI gold made a huge move and remove all seller from the market and move again to the starting point so what we can expect that the market may continue the falling move .currently it is testing the volume area of interest so we wait for a proper breakout then we do sell till lowest level of volume and last target of end of the bearish channel .
Gold Analysis 12/06/24Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release:
1. *Positive CPI (Higher than expected inflation):*
- *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices.
- *Price Movement:*
- *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart.
- *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks.
2. *Negative CPI (Lower than expected inflation):*
- *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices.
- *Price Movement:*
- *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337.
- *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken.
*Scenarios Summarized:*
- *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265.
- *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337.
In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed
those news might be wrong or right
Gold ShortCurrently trading this position, I'm looking for a retest at the last swing to reflect the trend retest. The ghost pattern is what I can see coming up. Gold is in a bearish trend after the news this morning created a double top/reversal. My analysis is only down to 2300, then I will see if it pushes through or rejects at that level.
CPI and FOMC determine Gold price trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is showing resilience below the $2,300 mark, with modest gains for the second consecutive day. Traders are eagerly awaiting the release of US consumer inflation figures and the outcome of the FOMC meeting, as these will provide insights into when the Fed will start cutting interest rates. This will have a significant impact on the future movement of gold.
⭐️ Personal comments NOVA:
Gold price recovered slightly before today's CPI and FOMC news. With the high possibility that interest rate data will continue to remain unchanged, Gold prices are likely to still recover. Pay attention to resistance areas for prices to react at $2325, $2340.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2280
TP2: $2290
TP3: $2300
🔥SELL GOLD zone: $2323 - $2325 SL $2328 scalping
TP1: $2318
TP2: $2310
TP3: $2300
🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2325
TP2: $2315
TP3: $2300
⭐️ 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
XAUUSD:The rebound is not over yet
From yesterday to now, the fluctuation of gold is not large. From the shape point of view, it is still in the repair stage. Therefore, before reaching around 2330, try to trade mainly in low-level long positions and wait for the price to reach above 2330. After the indicator is repaired, the probability of returning to the short trend is relatively high. At that time, you can start trading in the medium-term short trend again. Friends who need accurate trading signals, please contact me.
Profited $18K, Fed rate decision, continue to short gold!Although gold rose beyond expectations and broke through 2335 today under the stimulus of CPI data, we still won a big victory in the short position! We added short positions near 2332 and 2338 respectively. Gold fell back quickly after touching 2341, and we closed the position manually near 2325; then when gold rebounded to 2330, we shorted gold again and closed the position manually again near 2323. Obviously, I made more than $18K in profit from today's short trade. Very considerable income!
The Fed's interest rate decision and Powell's speech later may exacerbate the short-term volatility of gold. Of course, this is also an opportunity for us to participate in transactions and make profits. In fact, for now, judging from the recent US economic data, I think the Fed does not have the conditions to cut interest rates immediately, so it is very likely to postpone the rate cut, thereby suppressing gold; and Powell's speech is likely to express an optimistic attitude, thereby supporting the rise of gold, so in the next period of time, gold may fluctuate violently back and forth!
From a technical perspective, I think gold is likely to hit the 2350-2355 area during the violent fluctuations. If gold breaks through this area strongly, it may even reach around 2370. So after closing the short position to make a profit, I have not participated in short trading again. But even if I am bullish on gold now, I will not chase the rise of gold. I may even try to short gold in small batches in the 2350-2355 area. If it breaks through this area strongly, I will choose the opportunity to short gold again in batches around 2370.
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. !
Gold sellAs gold has given a very nice long trade and now as it has moved to its destination an H4 Resistance as confluence other confluance is moving average 50 which could also been seen to move gold towards sell also the confluence is parallel channel which indicates us a bearish flag pattern which is also an indication that gold can go down as news is also expected which has a highly impacted data of FOMC so u should keep an eye on that factor and gaurd your capital
Gold price faces buying pressure in the current areaSELL scalp 2315-2320
SELL swing 2332-235
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The economic easing through some of crucial banks in lots of primary nations has triggered the neighborhood currencies of those nations to decline, thereby pushing the USD up. Gold fees are thereby situation to corresponding downward strain as a not unusualplace rule.
However, due to the fact gold rate had dropped very sharply earlier than, from 2,385 USD/ounce to almost 2,three hundred USD/ounce. Therefore, the call for for this product may be very large.
Besides, buyers additionally wager that gold has brilliant possibilities withinside the medium and long time due to the fact the Fed additionally reduces hobby costs.
Gold rate forecast
Although it extended once more way to bottom-catching call for, gold`s upward momentum became strongly hindered due to the fact the USD hung high. This state of affairs is forecast to maintain for an extended time.
Last week, the United States suddenly said tremendous hard work marketplace information, thereby making the opportunity of the Fed reducing hobby costs soon. The opportunity of the Fed slicing hobby costs in September has dropped to handiest 52.6%, in comparison to 70% earlier than the United States jobs data.
According to a document through the United States Department of Labor launched on June 7, the United States non-agricultural quarter introduced 272,000 jobs in May, a pointy growth in comparison to the range of 165,000 new jobs in April and some distance exceeding the range of 190,000. paintings that economists said in a survey through Dow Jones information agency.
This tremendous monetary records will assist the Fed amplify the time to opposite economic coverage to attention on steadily bringing inflation lower back to the goal stage of 2%. The Fed will now no longer rush to reduce hobby costs.
On the contrary, numerous primary crucial banks have reduced hobby costs and there can be similarly cuts withinside the coming months. The USD may also dangle higher, even growth, withinside the following few months. Gold is consequently nevertheless below downward strain.
Gold prices dropped sharply with tonight's newsInvestors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia.
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key US inflation data and the latest Federal Reserve interest rate decision. Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-than-expected payrolls data last Friday. Additionally, China’s central bank, the biggest official sector buyer of gold, paused its purchases in May after 18 consecutive months of buying spree. Elsewhere, gold miner Polymetal International announced this week that it plans to double output by 2029 through acquisitions in Central Asia.
🔝🔝 Deekop's research and comments XAUUSD PLAN DAY TODAY June 12
🔴SELL GOLD: 2325- 2323, SL: 2329
(Resistance H4 + VCM EMA 89 zone H1)
🔴SELL GOLD: 2338 - 2340, SL: 2344
🟢BUY GOLD: 2270 - 2268, SL: 2264
⛔️Breakout:
📈 Breakout on: 2325
📉 Breakout below: 2304 - 2300 - 2391
🔼Support: 2286 - 2274 - 2268
🔽Resistance: 2325 - 2338
GOOD LUCK EVERYONE👍
recovery to the DOWN trend ! retest XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) fell during the Asian session on Tuesday due to a fresh supply. This decline comes after a slight recovery from a one-month low caused by positive US jobs data. The decrease in bets for an interest rate cut by the Federal Reserve (Fed) in September has kept US Treasury bond yields high, strengthening the US Dollar (USD) and reducing demand for gold. Additionally, the People's Bank of China (PBoC) has significantly decreased its gold buying activities in May, ending a year-long buying spree. Despite this, political uncertainty in Europe and geopolitical risks could prevent further losses. Traders are advised to monitor the release of the latest US consumer inflation figures and the FOMC decision on Wednesday.
⭐️ Personal comments NOVA:
Short-term recovery at the beginning of the week - retesting the resistance zone. Sideway waiting for important FOMC information
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2270 - $2268 SL $2263
TP1: $2278
TP2: $2284
TP3: $2292
🔥SELL GOLD zone: $2320 - $2322 SL $2325 scalping
TP1: $2315
TP2: $2308
TP3: $2300
🔥SELL GOLD zone: $2338 - $2340 SL $2345
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ 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 Analysis 12/06/24Analyzing the provided gold (XAU/USD) chart on a 4-hour timeframe, here are the potential scenarios based on the CPI data release:
1. *Positive CPI (Higher than expected inflation):*
- *Interest Rate Hike Likely:* If CPI data is positive (indicating higher inflation), the Federal Reserve might consider raising interest rates to combat inflation. This scenario can lead to a strengthening US dollar and typically puts downward pressure on gold prices.
- *Price Movement:*
- *Key Level to Watch:* If gold price closes below the current support level of approximately 2,290.390, we can expect a downward movement towards the next support levels of 2,278 to 2,265, as marked on the chart.
- *Technical Indicators:* The chart shows clean traffic below this level, suggesting potential for a more significant drop if this support breaks.
2. *Negative CPI (Lower than expected inflation):*
- *Interest Rate Hike Unlikely or Rate Hold:* If CPI data is negative (indicating lower inflation), the Federal Reserve might hold off on raising rates or even consider rate cuts. This scenario can weaken the US dollar and generally supports higher gold prices.
- *Price Movement:*
- *Key Level to Watch:* If gold price closes above the resistance level of approximately 2,318.071, we can expect an upward movement towards the next resistance levels of 2,325 to 2,337.
- *Technical Indicators:* The chart indicates clean traffic above this level, suggesting potential for further gains if this resistance is broken.
*Scenarios Summarized:*
- *If CPI is positive (high inflation):* Gold price could drop below 2,290.390, targeting 2,278 to 2,265.
- *If CPI is negative (low inflation):* Gold price could rise above 2,318.071, targeting 2,325 to 2,337.
In General im Bearish with Gold , i think gold might Drop way more But Not for long i'll explain why after posting i'll share some News that may help , i dont take trades based on News unless its confirmed
those news might be wrong or right
GOLD 4D TF BearishGold Market Outlook
Fundamental aspects
- Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies.
- Tomorrow we have CPI data. If the upcoming Consumer Price Index (CPI) report shows higher-than-expected inflation, the likelihood of the Fed delaying rate cuts could push gold prices below this level 2,277. Additionally, if the Fed’s dot plot indicates minimal or no rate cuts this year, gold could face further downward pressure.
- Considering the current strength of the U.S. dollar, the approaching CPI report, and the expected Fed stance on interest rates, the short-term outlook for gold remains bearish. If inflation data and Fed projections support a delay in rate cuts, gold prices are likely to break below the key support level of $2,277.34. Traders should stay vigilant and monitor these developments closely as they impact the gold market.
- The Federal Reserve’s June meeting with a policy decision expected on Wednesday. The Fed is widely expected to keep interest rates unchanged. However, economic projections are anticipated to show fewer rate cuts than previously expected due to persistent inflation. High interest rates reduce the attractiveness of non-yielding assets like gold, as investors prefer bonds and other yielding investments.
Technical View
The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If this creates enough downside momentum, then look for the selling to possibly extend into the last swing bottom at $2,277.34. This could trigger an acceleration to the downside with the next target bottom at $2,146.15.
Gold 2305 short
In view of the large negative line closing last Friday, there is still room for decline in the short term, and the overall trend is still biased towards the bears. What is needed now is to wait for the bulls to pull back and then continue to fall. The key short-selling position above is maintained at 2303-05, which is basically equivalent to the first low point of the previous retracement and the quarterly line position of the daily line. The first target below will also be maintained around 80-70.
If you agree with my point of view, remember to pay attention, and leave a message if you have any questions