CoffeeShort Bearish Divergence at 1H TF Entered at the breaking of previous HLShortby euphoricProfil797210
DeGRAM | GOLD breakout of the trend lineGOLD again failed to hold the previous ascending channel and dropped into the next one. The chart is trading near the trend line. The price is under the 62% retracement level. We expect the decline to continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 101052
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 (To 2369$) Fed's Inflation Measure Up 0.2% in AprilFed’s Preferred Inflation Measure Rises 0.2% in April, as Expected According to a closely watched measure released Friday by the Federal Reserve, inflation rose as expected in April, with markets anxious about when interest rates might begin to decline. The personal consumption expenditures (PCE) price index, excluding food and energy costs, increased by 0.2% for the period, matching the Dow Jones estimate. On an annual basis, core PCE rose by 2.8%, 0.1 percentage points higher than the estimate. Including the volatile food and energy categories, PCE inflation was 2.7% annually and 0.3% from the previous month. These figures were also in line with forecasts. Technical Analysis of Gold The price has stabilized in the bullish zone, particularly after the PCE result came in at 0.2%. The first bullish targets are 2364 and 2369. After reaching these levels, the price is expected to move between 2369 and 2354 until a breakout occurs. Volatility is expected to remain high until the market closes. Pivot Price: 2347 Resistance Levels: 2369, 2388, 2397 Support Levels: 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2335 and the resistance level at 2397Longby SroshMayi3
Gold buysGold triggered our buystop as anticipated with the dollar news being negative.... Locking max profits Longby BM_ForexTrader0
xau short looking goodretest strat, on resistance. news not the best for market, likely retest back down abit. Shortby FormedzeusUpdated 1
XAU USD Long Move Market Correctionexpecting long move of 400 pips in Gold. LTF Is still in bullish trend Longby TheFXCapital0
XAUUSD GOLD - Selling pressure / Sell opportunity? ### XAUUSD GOLD ============== Check out the background information (), and also review the related ideas. A strong pullback at the current level is needed to confirm the break of the Timer TL and to justify short positions moving forward. Without this pullback, short positions become risky, as a bounce from the bottom of the trading range marked in purple is likely. A seemingly lucrative sell opportunity might be present right now. As traders, our job is to find opportunities, assess the risks involved, plan accordingly, and execute trades. Considering all possible outcomes, the results will reflect our performance. In view of potential further weakness in the markets and price movements favoring our shorts, it is crucial to remain mindful that this forecast is in its early stages. Continuous monitoring of momentum is vital, especially watching for signs of persistent strength entering the markets. - Always size positions properly according to your risk level. - Always be prepared for losses just as you expect profits. - Always plan your trades according to the principles above. Observe your drawdown (DD)!Shortby FroggyFXUpdated 2
USOIL - Short or Buy? Break down or retracement up?Technicals 1. We have been stuck in a range on a higher time frame for quite some time now. 2. On a higher time frame we failed to confirm a break-up from a trendline dating back to March 2022, which was the COVID-19 highs. A failed break-up of this mega trendline is normally a sign of big reversal or retracement. & we did just that ;-) question is, is this a reversal or just a retracement because I see also a trendline from DEC 2023 which we trade just under. IMO we have not fully confirmed that break down. 3. Visible in my chart we see that we are since then on a big down sloping channel which is still respected. Fundamentals 1. My bias is slightly bearish long term because I think the US economy & other major economies will be in a recession which will give downside pressure on the price of OIL 2. Conflict in the Middle East seems to have not a significant impact as of now on the price of USOIL. Will this change? Till I see major escalation happening I don't see that it will have greater impact than it already has. US also is less energy dependent so therefor geopolitical will impact less. 3. Bullish sign is that OPEC is still holding strong on OIL cuts and China is still strong. Summer season will also give some upside pressure because of demand. Trade 1. The first trade, which is a buy option, I will take if I see buyers really taking over to push price up 2. The second trade, which is a sell, I will take if we confirm a break and retest of the weekly low. Great trading all of you Greetingz, Simba Tradesby Simba_TradingUpdated 557
Should we wait for lower oil prices? In the analysis of the oil chart, the main trend line of the upward movement (blue line) has been broken, and the broken candle is marked with an arrow. It seems that we have to wait for lower prices for oil. Do you agree with my opinion?Shortby hamidreza_FX113
⭐️ XAU/USD : More Fall Ahead ? (First Long, then SHORT)Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360! Additionally, all the levels mentioned in the previous analysis remain valid. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Shortby ArmanShabanTradingUpdated 7777323
Gold is heading to 2260$ zone(3/31/2024)After reaching the 2450$ zone, xauusd OANDA:XAUUSD faced a huge sell pressure that led the gold price to fall into the 2326 zone sharply. We believe the price has more room to fall more until it reaches the 2250-2260$ zone. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)Shortby fortunamarkets2
Trading Signal For XAUUSD Trading Setup: There is a Trading Signal to Buy in Gold XAUUSD (h1) Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2334.6 ⭕️SL @ 2321.0 🔵TP1 @ 2374.5 🔵TP2 @ 2406.4 🔵TP3 @ 2442.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Longby pullbacksignalUpdated 2229
XAUUSD IDEAThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyby akmalsabran903
BUY OPPORTUNITY IN GOLD Price currently trade at $2,344. A buy opportunity is envisaged from the Current market price. Target is $2364Longby Cartela1
VX Paths for PCEI'm bullish on VX for now, but I'm open to a failure. These are.the paths I'd expect. Longby AdvancedPlays1
Paths for RTY After PCEI'm still most bearish on RTY out of everything,.although if NQ.falls.it.could fall more than RTY. Here's some paths I'll be looking for after we get the reaction to PCE.Shortby AdvancedPlays0
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
Bullish Paths for NQ Heading Into PCESome bullish paths if the reaction to PCE is bullish. See previous idea for bearish paths.Longby AdvancedPlays0
Bearish Paths for NQ Leading Into PCEI'm bearish for PCE, but didn't think it was worth trying to predict so I'll be waiting to make some moves after the reaction. I'll have bullish paths in another idea.Shortby AdvancedPlays0
XAUSD Consolidating or Correction? While Gold is stuck in a consolidation, my bias is basically Bullish unless other data comes in. But it is unclear how the GDP number come out hot, i do see a potential for us to retrace back to 2400 level and correct for the current move. The DXY is very bearish which is a good sign as the DXY usually correlates with Gold, i believe the dollar will look weak as the other countries are considering rate cuts. With uncertainty in the dollar i believe investor will bet against the dollar and Gold will be long. Longby mr_mat_sa2
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we posted the idea to short into the support level and then take the long trade back up looking for the higher levels, which has worked well. Our target level has been market complete, so for this report we would say, anyone long from below, protect, take partials and let's see if we can break above the 2350 region and hold if we're going to see higher pricing. So, what now? We have support below 2340, which has flipped us again but as you can see, we have a strong resistance level here in 2355. Ideally, we should see a pullback in the Asian session, and if held again a push upside into the higher levels. For us, we're done, we've have an extremely successful month again and due to it being the end of the month and a Friday tomorrow, we'll most likely be taking it easy in Camelot awaiting the monthly close. So, if you're in you're in, happy days and protect. If you're not in, sit it out and come back next week. As always, trade safe. KOG by KnightsofGoldUpdated 7753
Gold can break resistance line and continue to move upHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a not long time ago started to grow inside the upward channel, where it soon broke the support level, which coincided with the buyer zone. After this, Gold made a retest and continued to grow in the channel and soon reached the resistance line, but at once rebounded and made a correction movement to support line of the channel. Then price rebounded from the support line and in a short time rose to the resistance level and also broke it and grew to the channel's resistance line. As well then, XAU exited from the channel and reached the resistance line, after which turned around and fell firstly to the 2405 resistance level, broke it again, and declined to the 2330 support level. After this, the price bounced from this level and tried to rise, but after some movement up, it rolled down to the buyer zone. A few moments ago, the price rebounded from this area and rose to the resistance line, which continues to trade near. In my opinion, the price can correct to the support level and then rebound up, higher than the resistance line, breaking it. For this case, I set my target at 2380 points. Please share this idea with your friends and click Boost 🚀 Longby LegionQ84421