GOLD Bearish Breakout! Sell! Hello,Traders! GOLD was trading along The rising support but now We are seeing a bearish Breakout and breakout Is confirmed so we Will be expecting a Further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignals3311
Three Plans to short gold :Three Plans to short gold : A wait for 0.618 pull back @2402.50 B: check the structure at 2375 , if we see the price can no longer go above this level we can take a short C: Bearish Continue , Price break down 2325 find a chance to short Possible Combo: B + C A + C Long term target: 2200 for a big strike Shortby tntsunrise1122
GOLD - NEW BREAKOUT 📉 As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯Shortby Hsan_BenhmedUpdated 6611
Gold’s rebound is a good opportunity to go shortAfter overnight short orders hit TP: 2343 this morning, gold has been fluctuating within the 2340-2345 area. Judging from the current gold trend, the downward trend of gold has slowed down, and it has rebounded again in the short term and exceeded the 2340-2345 area. But the weak situation has not changed.There are two voices in the current market. One is that gold has stopped falling and stabilized in the short term, and may continue to rebound, and may even hit 2400 again. The other voice is that gold’s rebound is weak and there is still room for decline.It may continue to fall to around 2300 after consolidation. In fact, relatively speaking, I think gold cannot be characterized as a market reversal for the time being, but only a short-term rebound after the market crash. As evidenced by the fact that gold fell again after touching around 2357 today.Judging from the current trend, gold currently tends to fluctuate, but as far as the restorative market is concerned, the repair intensity is still lacking, so it is still not ruled out that gold will continue to fall after the shock;In addition, from the perspective of the U.S. dollar index, the U.S. dollar index has fallen significantly, while the short-term rebound of gold is far less than the decline of the U.S. dollar index, so the overall gold appears to be weaker. And as gold falls back to the 2340 area again, the upper pressure is stronger, so I expect gold’s short-term rebound to be limited. So in terms of trading, I still tend to short gold after gold rebounds. The first thing to focus on is the 2360-2370 resistance area, especially the 2365 position area, which is a strong defensive area for short sellers. Below, we are still focusing on the 2335-2330 support area for the time being. This area is the starting point of the two rebounds and has a strong short-term support effect. However, any time this area is broken, it will be conducive to the outbreak of shorts!Shortby Trading-HawkeyeUpdated 1111
🔥GOLD REMAINS BEARISH NEXT WEEK✅The spot gold market had a wild ride over the past week, with fluctuations reaching nearly $125, and ended the week with a huge drop. Although central bank buying and strong Asian demand created a long-term upward trend for spot gold, the uncertainty surrounding the Federal Reserve's monetary policy Uncertainty continues to generate huge short-term swings. The weakening of interest rate cut expectations and the increased possibility of interest rate hikes have strengthened the US dollar, and gold has fallen by as much as $81 under pressure, closing the weekly line with a long negative line, ending two consecutive positive lines. The slight rebound on Friday actually verified what we said before. Compared with the short-selling pattern, after a sharp decline, a short-term slight rebound and sideways trading is still a short-selling repair, and the idea of shorting remains unchanged after the rebound. Next week, gold is still expected to continue to fall. The end of this wave of decline is at 2300, or it may be at 2280, and then the ultimate surge will begin. This turning signal must be followed. This is also the best profit opportunity this year. At present, the gold price is still running below the 4-hour middle track, and the upper resistance is around 2346-2347. The high point of the daily cycle rebound on Friday is the daily Bollinger band middle track pressure level. After touching it, the gold price plummeted. Gold's 1-hour moving average is still in a downward bearish position, and there is no sign of a turning point, so the bearish idea below 2347 next week remains unchanged. On the whole, the short-term operation of gold next week suggests that the rebound will be mainly short, and the pullback will be supplemented by long. The top short-term focus will be on the 2347-2352 resistance range, and the bottom short-term focus will be on the 2303-2300 support range.by MasterGoldTraderUpdated 42
Gold price recovers in the short term !!⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) fell after a three-day winning streak due to the Greenback's slight recovery and hawkish comments from Federal Reserve officials. Strong US economic data also reduced expectations of a Fed rate cut in September, boosting the US Dollar and weighing on gold prices. However, geopolitical tensions and uncertainty may still drive demand for gold as a safe-haven asset. Central bank demand will continue to support higher gold prices in the short term. Traders are watching the Fed's Beige Book and John Williams' speech, as well as the release of the US Core PCE Price Index on Friday, which could impact the possibility of delaying a Fed rate cut if inflation shows signs of increasing. ⭐️ Personal comments NOVA: Gold price recovered in the short term - however, the long-term frame H1 and H4 are showing a larger DOWN trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2324 - $2322 SL $2319 SCALPING TP1: $2330 TP2: $2335 TP3: $2340 🔥BUY GOLD zone: $2305 - $2307 SL $2300 TP1: $2315 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2370 - $2372 SL $2375 scalping TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ 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 longestShortby Nova-ScalperUpdated 3325
Premium Gold idea for XAUUSD $$$$"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill "An arrow can only be shot by pulling it backward. When life is dragging your back with difficulties, it means it's going to launch you into something great. So just focus, and keep aiming." - Unknown "Difficult roads often lead to beautiful destinations. The best is yet to come." - Unknown "The moment you're ready to quit is usually the moment right before a miracle happens. Don't give up." - Unknown "The only time you fail is when you fall down and stay down." - Stephen Richards entry 2332.04 Target 2327 by TradeGod003Updated 558
XAUUSD FOR NEXT WEEK"The current trend in gold suggests a bearish sentiment, substantiated by the closure of prices below the EMA 200 on the H1 timeframe. Furthermore, a notable resistance zone resides at the 2360 price level, indicating a robust supply area. In light of this analysis, the anticipated downward movement targets 2303 as a potential level of interest. To mitigate potential losses, a prudent stop loss strategy is advised, set at 2372." Shortby Zippymauld116
Sell order engaged / #2,300.80 on the cardsFundamental analysis: Symmetrical Dead Cat bounce on Hourly 4 chart is getting in tight range as U.S. Treasury attempt to limit the weakness at all costs as their main aim is not to hyper-Inflate the economy. Inflation chart is up on a mere (# +8.00%, in the same time representing ATH values), but Gold is ignoring eminent reversal signs and remains Trading under violent Volatility (usual indecision candles) and continuing the Volatile Intra-day sequence. It is my belief that Investors are unwilling to commit before the full scale Support break, and as an result, Volatility kicked in and Gold didn’t offered anything in particular throughout last #2 sessions. Personally, I am Highly surprised regarding the yesterday’s session turn of the events as Support break and Higher High’s Lower zone test was on the cards - Price-action reversed on an almost #30-point uptrend as DX was main driver behind the move. No Daily changes so far after a very Bearish U.S. session opening on traditionally Volatile Hourly 4 chart’s candles. Technical analysis: I can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of November #26 - December #5. As discussed, the statistics on how non-Technical sessions affect Gold are usually changeable. One of the most Volatile Trading week was previous one, according to the Historical Data with a (#82.70%) point differential on Daily chart, also seen by the wide margin (Bearish) on mostly all Hourly charts. Gold remains isolated within Neutral belt in my book and should reveal underlying Bearish trend as today's U.S. session approaches. Technical analysis cannot be immediately effective on such High Volatility levels so, as I mentioned on my remarks, I will patiently await for breakout here however I have Sold Gold on spot again pursuing #2,300.80 benchmark with my piercing Selling orders. Technically, Daily chart formed steep Descending Channel and got rejected near #2,327.80 - #2,332.80 Support zone in extension for #7-consecutive times in a row as Price-action is gradually building it’s way to Lower levels. Personally by my estimation, Selling sequence is far from exhaustion. 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. Shortby goldenBear881121
Gold corrected after news from the FOMCHello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying portfolios. The factors driving gold's recent upward trend remain intact and are unlikely to change in the foreseeable future. This adjustment in gold's price is temporary, and the long-term uptrend is still highly regarded.by Trader_BrianFXUpdated 666
FALL FOR LONG TERMhello guys again new week is coming, how was your last week ? i hope you made big profit with my last signal . again price moved according my last forecast and made big profit for us near +500 pips wonderful . lets start analysis for new week .in the last week gold after retest resistance 2400 fell very strong and broke uptrend channel also broke triangle range area .market made a wedge pattern before fall now price reach to the moving 200 i expect a reaction to this support and pullback to the trendline maybe go up to 2340 50 70 and then fall again 2300 is important level if price break this level to the down side can fall more to 2285 2260 in weekly and monthly time frame gold is still bullish but in lower time frame this fall is a corrective move and after fall in this week can continue move in uptrend Shortby nsh12Updated 1121
XAU/USD Technical AnalysisXAU/USD Technical Analysis Ascending Triangle Pattern Indicates Bullish Potential Overview: The gold spot price (XAU/USD) has been following a strong upward trend, as evident from the ascending trend line starting from early February. Recently, the price action has formed an ascending triangle pattern, which typically indicates a bullish continuation. This pattern is characterized by higher lows while the highs remain relatively flat, suggesting accumulation and potential for a breakout. Key Levels: Support Trend Line: The primary ascending support trend line has been tested multiple times, confirming its strength. Currently, this line is around the 2320 level. Resistance Line: The horizontal resistance is evident around the 2450 level, where multiple peaks have converged. Technical Indicators: Price Action: The price is approaching the apex of the triangle, suggesting an imminent breakout. The recent pullback to the support line around 2330 levels indicates a potential buying opportunity. Volume: Typically, volume tends to decline as the pattern matures and then spikes during the breakout. Monitoring volume will be crucial in confirming the breakout direction. Target Projections: Bullish Breakout: If the price breaks above the 2450 resistance, the next target would be around 2570, calculated by adding the height of the triangle to the breakout point. Bearish Scenario: If the price fails to hold the support at 2330, it may retest lower support levels around 2250. Conclusion: The ascending triangle pattern in XAU/USD suggests a bullish bias with a potential breakout above the 2450 resistance level. Traders should watch for increased volume to confirm the breakout and consider entering long positions with a target of 2570, while keeping a close stop below the 2330 support to manage risk. Recommendation: Entry: Consider buying near 2330 with a stop loss below 2300. Targets: First target at 2450, followed by 2570 upon breakout confirmation. Risk Management: Maintain a stop loss to manage downside risk effectively.Longby Moojed-Gold-Trader115
GOLD'S LEAP AFTER THE NEWS IS RELEASEDGold edged lower to hold near $2,360 per ounce on Wednesday, as investors continued to reduce bets on US Fed rate cuts this year, following recent remarks from officials, while awaiting the key PCE inflation report. On Tuesday, Minneapolis Fed President Neel Kashkari stated in an interview that the Fed should delay cutting rates until inflation significantly improves and might even hike rates if inflation fails to come down further. Ananda research and comments XAUUSD PLAN DAY 29/05/2024 🔴SELL GOLD: 2370 - 2472 , SL: 2476 (scalping) 🔴SELL GOLD: 2386 - 2488 , SL: 2392 🟢BUY GOLD: 2324 - 2322, SL: 2318 (scalping) 🟢BUY GOLD: 2305 - 2307 , SL: 2301 Breakout & retest: - Breaking and closing on: 2361 - 2374 - Break and close below: 2345 - 2335 - 2322 Support 2347 - 2335 - 2322 - 2316 - 2307 Resistance: 2370 - 2378 - 2384 - 2397 by Scalper_Ananda225
XAUUSD: 29/5 Analysis and StrategyGold technical analysis Daily resistance 2370, support below 2327 Four-hour resistance 2370, support below 2343 Gold operation suggestions: After testing the 2340 support yesterday, it stabilized and rose to a high of 2364, and finally closed at a high level, rebounding for three consecutive trading days after the plunge. From the current trend, today's short-term pressure focuses on 2370. Today, we will rely on this position to go short first. The short-term support below focuses on the vicinity of 2343. If we step back and stabilize this position during the day, we can go long once, and then look at the shock recovery. The overall support during the day is to participate in the high-altitude and low-multiple cycles in the 2343-2370 area, and look at the rhythm of alternating long and short shocks, and wait patiently for key points to enter the market. SELL: near 2370 BUY: near 2343 Technical analysis only provides trading direction! by ActuaryJUpdated 115
BULLS AND BEARS dispute $2,400. Is $2,500 feasible?Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest ATH of 2450 USD. Do you wonder why the price of gold has increased so sharply? Recently, gold has been strongly supported in the context of geopolitical and economic instability. According to data from the World Gold Council, since the beginning of the year until now, gold prices have increased more than 16%, reaching a record high of over 2,400 USD/ounce in May. There are many comments that gold may be ready. for another price increase, while recent optimism among retail investors predicts gold could reach $3,000/ounce within the next 6 to 18 months. In summary: Although optimistic that gold will continue to rise in the near future, most are not sure when gold will hit the $3,000/ounce mark. The driving force that could bring gold to that level is the Fed loosening monetary policy. It is expected that in the near future the Fed's steps, combined with other factors such as central bank gold demand and geopolitical tensions, could push gold to other record highs. It is predicted that by the end of this month, gold will hit the 2,500 USD mark before being ready for a jump above the 3,000 USD mark. Conan personally awaits confirmation above the 2400 USD liquidity zone with an eye towards the expected target of at least 2450 USD to 2500, as the overall fundamental and technical outlook for gold is positive for the bulls .Longby ConanForexUpdated 8816
Market Analysis: Gold Price Signal Bearish AccelerationMarket Analysis: Gold Price Signal Bearish Acceleration Gold price started a sharp decline from $2,450. Important Takeaways for Gold Prices Analysis Today Gold price climbed higher toward the $2,450 zone before there was a sharp decline against the US Dollar. A key bearish trend line is forming with resistance near $2,375 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price rallied heavily above the $2,350 resistance. The price even spiked above $2,425 before the bears appeared. A high was formed near $2,450 before there was a major decline. There was a move below the $2,400 support level. The bears even pushed the price below the $2,355 support and the 50-hour simple moving average. It tested the $2,325 zone. A low is formed near $2,326 and the price is now showing bearish signs. Immediate resistance is near the 23.6% Fib retracement level of the downward move from the $2,450 swing high to the $2,326 low at $2,355. The next major resistance is near a bearish trend line at $2,375. The trend line is close to the 50-hour simple moving average. The main resistance could be $2,388 and the 50% Fib retracement level of the downward move from the $2,450 swing high to the $2,326 low, above which the price could test the $2,410 resistance. The next major resistance is $2,450. An upside break above the $2,450 resistance could send Gold price toward $2,480. Any more gains may perhaps set the pace for an increase toward the $2,500 level. Initial support on the downside is near the $2,325 level. The first major support is near the $2,312 level. If there is a downside break below the $2,312 support, the price might decline further. In the stated case, the price might drop toward the $2,250 support. Start trading commodity CFDs with tight spreads. Open your trading account now or learn more about trading commodity CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen225
XAUUSD (GOLD): Was it a Fakeout?We're currently back inside the dynamic rising trendline, I'm expecting a further push up and then a retest and then I'm getting back in. I'll set TP's at: 2405 - resistance 2445 - just below previous high 2500 - 41% Fib Extension / Good target number Not sure what's going on with USD ATM as per my earlier post, however geo-political tensions are growing significantly so I'm expecting more speculation on gold.Longby FinchcliffeUpdated 334
GOLD The Target Is UP! BUY! My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2344.0 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2351.1 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK Longby AnabelSignals334
INT IRL ( PRICE IN DISCOUNT) EXPECT A VALID PULLBACK HTF bias Gold is heavily bullish ,After Breaking structure to the upside price pullback .....only a valid pullback must be in discount zone below the red line.Marked HP is high probability anticipated for the valid pullback though price is in Discount zone.Longby MauriceAdband222
GOLDThis should resume the rally to the upside, apparently this is trading at 0.618 fib level. Longby Mntungwa876613
GOLD (interest rates would remain elevated for a longer period)Gold prices fell to a one-week low on Thursday, marking the third consecutive session of decline. This drop is attributed to profit-taking following the release of the Federal Reserve's latest meeting minutes, which suggested that interest rates would remain elevated for a longer period. Technical Analysis of Gold: The price of gold declined after breaching the 2410 level, hitting our previously mentioned targets. Currently, gold maintains a bearish outlook, likely to reach 2354 and 2344 due to the ongoing high inflation rates addressed by the Federal Reserve. However, if the price stabilizes above 2369 and closes a 4-hour candle above this level, it may attempt to reach 2388. Pivot Price: 2369 Resistance Levels: 2388, 2397, 2410 Support Levels: 2354, 2328, 2308 Today's anticipated trading range is between the support level at 2344 and the resistance level at 2388. Previous idea: Shortby SroshMayiUpdated 1118
Xauusd today possible tradesXauusd is moving between key levels 2340 and 2350 possible buys above after breakout of key level 2360 with retest and possible sell below 2350 with tp 2345by Ats9Updated 112