XAU/USD BUY 60+PIPSHi Traders xau/usd buy trade is running 60+pips profit. can close or move stop loss to entry since is Friday. Certified Price action king Longby Low-keyFXtrader114
XAUUSD BULLISH - JUNE 24📢 Signal: BUY XAUUSD 📈 Entry Point: 2325.50 🔍 TP1: 2328.50 🎯 (30 pip TP) TP2: 2332.50 🎯 (70 pip TP) SL: 2332.50 ⛔️ (70 pip SL) "Risky" Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalLongby mr_bombastic_signalUpdated 9
Gold's retreat continuesSan Francisco Fed President Mary Daly said on Monday that the Fed must "carefully" complete its work to control inflation, noting that rising unemployment is increasingly becoming a risk. Chicago Fed President Goolsbee is still waiting for inflation to cool further, which is part of the process to open the door to rate cuts. Goolsbee told CNBC that he was "privately optimistic that we will see improvement in inflation" and that he was hopeful that the Fed would be "slightly more confident on inflation" and believed that pressure was declining after being higher than expected at the beginning of this year. Cleveland Fed President Loretta Mester still believes that the Fed needs to continue to actively sell mortgage bonds as part of its efforts to continue to reduce the size of its balance sheet. These bonds were purchased to restore market function and stimulate the economy after the outbreak of the new crown epidemic. As government debt continues to grow and geopolitical tensions remain intensified, more countries will reduce their investment in the US dollar. As investors wait for the Federal Reserve to launch a new round of easing cycle, the global gold spot market remains well supported, and central banks in many countries continue to buy gold and reduce their investment in the US dollar. Gold will be sensitive to US PCE data, but this will not stop its long-term upward trend. While waiting for the latest inflation data such as the PCE in May in the United States to be released on Friday, the gold market has fallen into a stable state. Technical analysis of gold: Yesterday, gold had a volatile downward trend, and the trend was completely under control, as everyone witnessed! Yesterday, gold opened at $2,321. In the morning, gold slightly retreated to $2,317 and then started a volatile rebound trend. The highest rebound in the European session touched the $2,332 line and then started a wave of decline. We also entered the market precisely at $2,331! Gold fell as expected, and the lowest decline in the European session touched the $2,320 line. We made a big profit on our short orders! Gold in the US market did not go out of a continued market, but continued to start a volatile trend. The range was $2,320 to $2,335 and ended in a volatile trend. It finally closed at $2,333. The daily line closed with a long lower shadow line. After this pattern ended, the current downward trend of gold remained unchanged. From the daily line pattern, the rebound will continue to give us a good opportunity to short! Gold rebounded yesterday, but the bull market is not sustainable. Gold is just a rebound. Gold has not reversed yet. The rebound in the morning continues to be short. Gold 2300 will eventually break. Let's wait and see! The moving average of the gold 1-hour chart is about to form a dead cross downward. Once the dead cross is formed, the gold shorts will also exert their strength. Gold 2300 will eventually be difficult to maintain and will be broken. Gold rebounded yesterday and was still under pressure from the 2335 resistance, and the moving average resistance also moved down to around 2336; gold rebounded in the morning and continued to short near the 2335 resistance. On the whole, the short-term operation strategy for gold today is to focus on rebound shorting and callback longing. The short-term focus on the upper side is 2335-2341 resistance, and the short-term focus on the lower side is 2295-2306 support.Shortby Kevin-TradersUpdated 9
$2370, $2380, $2390 are the next upcoming targets$2370, $2380, $2390 are the next upcoming targets OANDA:XAUUSD The supporting trendline is getting higher and higher to reach the upper resistance while breaking the upper trend-resistance, if the Gold price break the upper resistance trendline may reach quickly to the first lower resistance which is near $2370 and if continuously the Gold goes higher and higher then might be near to up topset resistance again to break the previous record. LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.by Ali_ExplorerUpdated 1111
XAU / USD 4 Hour ChartHello traders. This is a short post. I am going Long. Let's see how it plays out. We should see a nice push up. Let's see how it plays out. If we break and close below $2311 on a 4 hour I will close the trade and look for a lower entry. Big G gets all my thanks. Happy Wednesday.Longby musclemilk0075Updated 8
Gold shortgold looking good for shorts to me in the NY session expecting a bit higher prices then a market structure shift and selling from the breaker block to the sell side liq. good RR tradeShortby emekse9
Analysis of gold price trend on Friday Gold fluctuated in a narrow range in early Asian trading on Friday and is currently trading around 2323. Gold prices rose $30 from their lows on Thursday. As the dollar weakened, the market focus turned to key US inflation data for clues about the direction of Fed policy. The number of Americans filing for unemployment benefits fell last week, but continuing claims jumped to the highest level in two and a half years in mid-June, suggesting that labor market conditions are loosening amid slowing economic growth. Other data released on Thursday highlighted weakening economic momentum, with business equipment spending falling in May and a widening goods trade deficit due to falling exports. The series of weak data increased the likelihood of a rate cut by the Federal Reserve in September after a sharp slowdown in economic growth in the first quarter. The weak economic data supported expectations that the Federal Reserve will start cutting interest rates this year, putting pressure on the dollar, and gold prices rose sharply by nearly $30 after a sharp drop in the previous trading day. On Friday, investors will usher in the most important economic data of the week, the U.S. PCE inflation data, which is expected to cause sharp market fluctuations. Friday is still based on the idea of wide range fluctuation. Technically, the daily line still maintains the discontinuous red and green alternating pattern, and the price returns to the MA10 daily moving average position of 2328, but the daily moving average does not form a golden cross and open volume, and the RSI indicator is still flat above the central axis. Similarly, the weekly line suppresses the MA10 daily moving average position of 2335, and the monthly line has the highest probability of closing at the cross line. Today's trading of gold will first see whether the long-short watershed of 2330 can stand firm! Asian trading strategy: Short-term gold 2310-2312 long, stop loss 2300, target 2330-2340; Short-term gold 2330-2333 short, stop loss 2341, target 2310-2300; Note: The above strategy was updated on June 28. This strategy is an Asian strategy, please pay attention to the validity period of the strategy, the US market strategy is waiting for updateShortby Jun-CopyTradingUpdated 8
XAUUSD - Short at Pull Back again XAUUSD momentum seems to shift at down side for sometime; so there is a high chance that prices goes deeper down yet. Opportunity to short at the pull back once again. Good Luck !Shortby FoxinforexUpdated 8
Gold rejects every downside attempt with aggressive reversalFundamental analysis: Gold bounced back well enough on the #2,288.80 - #2,292.80 second Support level (which is posing as well as Weekly chart’s Support zone) where Price-action got rejected and filled aggressively #2,330's wall of Resistance lines. On the Hourly 4 chart, Gold is using the #2,327.80 mark as an new / old Support also (see how it makes local Low’s on it), so that may build up a new uptrend potential. I am expecting symmetrical retrace to the June #18 Low’s (also due to the currently Overbought Hourly 4 chart) if #2,327.80 Support gives away. Also spot how the RSI on Daily chart has reached its Short-term Resistance and remains on a Descending Channel (cyclical downside) since the April #9 High’s. Gold is still on the Higher levels (relative to the circumstances) of the recent aggressive uptrend despite DX reaching it’s early March Resistance (on a series of green candles), however mostly Bond Yields market delivered an slide in comparison of the September #1 - #18 aggressive gains. See how Gold is basically consolidating isolated within Short-term Resistance and Support zones on the Hourly 4 chart, which is normal Price-action fluctuation ahead of High-impact Fundamental announcements within the session. The fact that Gold has kept it’s Bullish momentum on Hourly 4 chart despite the critically Bearish Technicals still without meaningful correction, reveals that market speculators are manually preventing more serious decline on Gold. Technical analysis: Gold is currently being rejected just above the Higher High’s trendline of the Daily chart’s healthy Descending Channel that started with the May #20 Higher High’s Upper zone rejection. Within that Channel, the Price-action always tested the Lower line of channel after Upper band rejection, so assuming no further Fundamentally driven uptrends (and DX on parabolic rise as well), I don't see why this Hourly 4 chart’s break won't get repeated and result as #2,300.80 psychological benchmark re-test. Hourly 4 chart’s former Triple Top zone is already invalidated, and last time similar scenario occurred, Gold soared more than #65 points afterwards (December #13 - December #27 sequence) and rose aggressivelt. Gold has delivered very Bullish formation and current reversal can be distinguished as an Stop-loss hunt to liquidate as many Traders ahead of the major move in continuation towards #2,300.80 benchmark. My position: I am still on sidelines waiting Price-action to fill my #2,338.80 - #2,342.80 re-Sell zone so I can Sell Gold on spot towards #2,300.80 benchmark. If reports later on (PCE) deliver upside surprise, Gold will slide aggressively and initiate very strong Intra-day decline. Since it is Friday's session, Trade with strict Risk management if you decide to enter the market. Regardless I do expect #2,300.80 benchmark re-test ahead.Shortby goldenBear889
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC "Corrective Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame Fibonacci Level - 61.80%by ForexDetective9
Bearish drop?The Gold (XAU/USD) is currently to the pivot and could potentially fall to the pullback support. Pivot: 2,334.49 1st Support: 2,306.73 1st Resistance: 2,354.71 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets7
XAU/USD - I SHARE MY H1 POSITIONHello everyone, I hope you're well. I'm sharing a new position I just took in H1: 📊My position: 📌Take Profit: 2293 ⛔️Stop Loss : No I'm taking this position following the bearish divergence of the RSI in H1, and also, as it's Friday, there are economic announcements this afternoon that could strongly impact the share price! Be careful with your lot size, I don't use SL. Capital Invest Gold Please click to boost the idea if you like it more ❤️Shortby Capital-InvestOr8
2800 Per onz DOM of the Rock Target hello guys! Gold touched the bottom line of the channel and started an upward movement for a while! My targets this year 2800 per onz average now the price is forming a QM pattern and the level of this pattern is a great area to get a long position! on the other side, the gray area assumed a reachable area due to the last engulfing! so you can enter the blue area and put your target in the gray area! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and commentLongby AktiePremium9
XAUUSD One last bearish leg left. 1D MA100 calling.Two weeks ago (June 18, see chart below) we made a comparison on Gold's (XAUUSD) 1D chart with the Channel Down of January - February, calling for a final Low on the 1D MA100: It appears that we are about to complete the final stage of this Bearish Leg (D), and within 5 trading days, make that 1D MA100 contact. However due to the less aggressive nature of the current Leg, we update our Target from 2260 to 2270. The cyclical sequence of the 4H RSI however, indicates that we may be forming a bottom sideways, using the 4H MA50 (blue trend-line) as a pivot, so if instead the price closes above the top (Lower Highs trend-line) of the Channel Down and enters the upper region of the Rectangle, we will invalidate our 1D MA100 bias. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot119
Plan Gold 01/07-05/07/2024I think Gold is creating a head and shoulders pattern in the H1 frame, adjusting down to the support area of 2287-2277 then going up to 2040-2050 Plan: SELL: 2326-2330 SL: 2334 TP1: 2295 TP2: 2287 TP3: 2277Shortby huudaiaries8
XAUUSD BEARISH CONFIRMED?analysis XAUUSD using SNE ORIGINAL chart pattern. the movement likely more to sell trendShortby FXReeeN8
XAUUSD: SELLGO FOR A SELL. based on 4H timeframe and 1H timeframe and volume profile and session analysis we are in a good place for a sell.Shortby SignalsForAll8
Gold under Buying pressure / #2,300.80 remains optimal TargetTechnical analysis: Gold is Trading on evident Buying pressure from DX on #3-session decline. Another point worth taking on board here is the Williams% indicator seen testing Overbought waters on smaller charts lately throughout mega Bullish relief rally (many similarities with February #2014 fractal when market was Overbought), and with DX on spiral downtrend (forming Double Bottom) and Bond Yields Trading on #1-Year High’s, current Fundamental and Technical developments seem not to be enough reason for Gold to test Upper values. Note as well that on the Daily chart, Support zone is also visible and if broken will surely point out to a Lower levels such as #2,300.80 and #2,252.80 psychological benchmark. Side Swings that Traders are witnessing right now are ideal for Scalpers but can also liquidate Traders who don't analize the charts correctly. I advised earlier to approach the market with extra caution. With all current developments taken into consideration, Gold should already Trade below #2,300.80 benchmark (testing even #2,288.80 - #2,292.80 belt or below would be fair estimate). Last #4 out of #4 times DX engaged the aggressive Intra-day decline, Gold followed with #20 + point Buying spree, while last few sessions decline (followed by strength on Yields) was ignored by Gold to a great extent. Fundamental analysis: With evident soaring on U.S. Fundamental announcements and risk-off sentiment on DX, Price-action is found consolidating as expected as U.S. session is approaching, almost activating my #2,252.80 deep Selling sequence. Current Technical setup most likely gives me a hint that Gold is on the verge of new Bearish multi-Month cycle as end of #2024 is projected to be very Bullish for DX (remember that every Bullish rally DX had was overturned in aggressive Selling potential on Gold) - all those events will practice heavy Selling pressure on Gold. My position: I have closed my yesterday's session Sell order on breakeven as Price-action was consolidating almost all session. I will re-Sell Gold as Higher as I can and as near as my re-Sell zone for the fractal. Keep in mind that Gold is Trading within symmetrical Triangle and major move is yet to be revealed.Shortby goldenBear888
XAUUSD -Anticipating a Pullback and Subsequence Drop - 30minsHi everyone, I hope you have a great week of trading ahead and enjoyed my previous market analysis, which saw a gain of 370 pips from a short position at 2369 to 2332. For this week, we anticipate a drop in gold prices, though it may not occur immediately and could happen after a few days of range-bound movement. There is strong resistance at the 2331-2336 level. We expect gold to pull back to this range before declining further. After this range, we foresee a drop to 2307, 2296, and 2287. Please note that this is not financial advice, but rather my analysis for the upcoming week. Check the attached chart and kindly share your valuable comments.Shortby tanhaedUpdated 225
XAUUSD ShortGold is bearish on 1H timeframe, showing divergence on the 1H chart. It’s forming a bearish trend and has also created a harmonic pattern at the previous high. Now, it’s in a downtrend.Shortby naveedashfaq112
H4 short Retracing bullish channel has been broken downward ,to complete the ABCD pattern, i believe it continue till touching the lower boundary of larger bearish channel.Shortby parviz1953Updated 222
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Head and Shoulder as an Corrective Pattern in Short Time Frame S / R Levelby ForexDetective223
Gold follow up - Pips madeHello again people, here is a follow up on my Gold trade. I waited for the breakout and some good pips have been made. Did you take advantage of it? Let me know04:47by DrBtgar112