Futures push higherInverted H&S is in play - targeting near the recent high. Price went low and then push back into this range - the expectation is to go higher.Longby SimpleTechWizard0
Gold analysis 20/05/24In terms of geopolitical events, like the helicopter crash involving the Iranian president, such incidents can create uncertainty in global markets. If the president died accidentally, the market reaction might be moderate, reflecting general instability concerns. However, if it were discovered he was killed intentionally, this could escalate tensions significantly, potentially causing a sharp rise in gold prices as investors seek a safe haven. Regarding interest rates, their impact on gold prices is significant. If interest rates are cut, it usually makes gold more attractive because lower rates reduce the opportunity cost of holding non-yielding assets like gold. Conversely, raising rates can decrease gold's appeal. If rates are kept the same, gold's movement will likely hinge more on other factors like geopolitical events and overall market sentiment. For this week, if geopolitical tensions in Iran remain high and there's speculation around interest rate cuts, we might see gold prices continue to rise. However, if these tensions ease and interest rates are expected to remain stable or increase, gold prices might stabilize or even decrease slightly In Summary i think Monday - Tuesday gonna be the bottom wick of the new weekly candle its gonna be complex correction for gold , i suggest to not trade and search for long position at 2396-2392 Soo right now im short for the shortterm thats my analysis , Stay safe guys dont overrisk and good luck i will update for anything newShortby TraderFa9irUpdated 5
GOLD Will Move Lower! Short! Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,436.365. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,398.658 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider3
Gold hits new ATH - optimistic for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The gold price (XAU/USD) surged to a new high of nearly $2,441 during Monday's Asian session due to expectations of interest rate cuts by the US Federal Reserve and escalating tensions in the Middle East. Both Russia and Ukraine engaged in attacks against each other over the weekend, further boosting safe-haven demand. Traders are now awaiting speeches from several Fed officials, including Bostic, Barr, Waller, Jefferson, and Mester, for insights on future monetary policy. Cautious or hawkish comments from these officials could limit the upside potential for gold. ⭐️ Personal comments NOVA: Gold price reached a new ATH of $2440 in the beginning of the week, buyers dominated, aiming for new ATH areas to come. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2392 - $2390 SL $2385 TP1: $2400 TP2: $2415 TP3: $2430 🔥BUY GOLD zone: $2417 - $2415 SL $2412 scalping TP1: $2425 TP2: $2431 TP3: $2440 🔥SELL GOLD zone: $2453 - $2455 SL $2460 TP1: $2445 TP2: $2438 TP3: $2430 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 longestLongby Nova-Scalper117
Gold Trend 20/05 - Expect a new round of buying Gold has started its rebound after a series of important U.S. economic data went worse than expected since the beginning of this month, and the US inflation data slowed further last week has accelerated the upward momentum. The price rose to a one-month high of 2422 on Friday, with the week ending near 2414. Note that the price of silver also broke through the 2020 high of US$30 on the same day, reflecting that the precious metals market is strengthening and the bullish trend should resume very soon. 1-hr chart - The upward trend accelerated last week from the support line (1) to (1.1). Gold cleared all the short-selling orders near the previous high of 2430 early in the Asian session on Monday reaching a new high of 2440. While the resistance of 2430(2) is cleared, a new round of buying should be triggered in the next 48 hours, and the target in the early part of this week can be set at 2450 or even higher. Notice, the key support is now at 2430. If the gold price returns below 2430, the current upward momentum will slow down, and the trend will reverse. Daily Chart—Last Friday was the first time gold prices closed above 2400, showing that buying orders above 2400 are starting to dominate, the first signal for gold prices to break higher. Gold fluctuated by about US$150 during the consolidation period in the past month(3). The M-T target can be set near 2580(3), a 1:1: ratio. As long as the price stays above 2431 on the daily chart, the S-T target can be set at 2448. P.Toby 1uptick1
XAUXAU can take 2516 $ and new target you can buy ETF and waite for achieve this targetLongby shahabshafayyan20201
💡 XAUUSD: Analysis May 20The short-term uptrend of Gold H1 has continued with the most recent strong price push up. The price behavior following the upper border to go up and establish a new high price peak reflects good price momentum. But currently H1 Gold has created a price bar completely outside the upper border, reflecting an overbought state that easily leads to a price pullback rather than continuing the upward price trend. The main trend of Gold H1 today is to wait to buy, but wait for the pullbacks to go down and then buy, not to chase above. 💡 H1 trend: Gold increases. Today trading idea: Buy Gold.Longby Stone_Haven2
Gold Daily Trading Plan 5/20/2024Gold is still bullish at the beginning of the week. Will look to buy from 2393-2399 level. If reached resistance first, will try to sell from 2460-2470 level. Happy trading.Longby SteadyFund0
XAUUSD : Strong price increaseHello everyone, it's Brian! As we kick off the new week, gold continues its sharp ascent. Currently, the precious metal is trading around $2438 USD, up nearly 1% for the day. Gold's bullish outlook remains favored and highly regarded, especially after successfully converting the $2380 resistance level into new support. With no signs of peaking just yet, the upward trend still benefits buyers. Using the extended Fibonacci tool, the anticipated profit-taking level is set around the $2476 USD mark, corresponding to the 1.618 extension as previously analyzed.by Trader_BrianFX113
Latest gold price update: Continues to increase strongly!Hello everyone, let's dive into our strategy for the new week! As the week kicks off, gold prices have impressively surged past $2432. Supported by the Dow Theory and the 34 EMA on the daily chart, the long-term outlook for gold remains positive. Looking ahead: Recent Kitco News surveys show strong optimism for gold. Out of 14 analysts, 11 predict a rise in gold prices, while only two foresee a decline, and one expects stability. Investors, though more cautious, predominantly anticipate higher prices, with 58% of 149 surveyed expecting an increase, 21% predicting a decrease, and the remainder seeing stable prices. The fall in both the US dollar index and US Treasury yields further supports a bullish trend for gold, potentially pushing prices towards a historic high of $2500 per ounce.by Aoi_FX6676
Gold correction sellXauusd looking for correction mode still in buy side but correction needed at the moment... small risk we have to take he riskShortby DNA_Trader_Officials3
Professional analysis and strategies will help you get richHello, friends I like this oil long shot here, aiming for the 87-90 zone or wherever the rectangle is. Conservative traders can wait for a break in the channel to go long. I would have done the same.by Sherry-MkUpdated 1
Professional analysis and strategies will help you get richThe golden market seems to have been making higher lows on its way up, so we might expect another retest on our previous minor resistance resulting in another HL before price pushes higher to break the main resistance. But also keep in mind that price formed a bearish harmonic pattern which may cause the bullish structure to fail when reaching the main resistance, but the best thing to do is to wait for price to display proper confirmation on which directionby Sherry-MkUpdated 2
Shock! Analyze the signal accurately and don't miss itGold got us excited again last week, trading back to near all-time highs, so for the coming week based purely on technicals, we can predict the following to happen. A break to the downside above 2407, towards the key level of 2395, and then back to 2406 would be a break and retest the strategy to continue a downward test of the main support level of 2372. I would like to see some sort of range over the next few days, but ultimately unless we have any major fundamental news around the current geopolitical issues and inflation, we should see further downside, back to 2,280, which is part of the opening price of liquidity from May. While gold is in an uptrend on the monthly, weekly and daily charts, I also think it has to at least get back to the demand level of 2146 and possibly test 2076, which is part of HTF's bull trend analysis in line with the channel uptrend, but in the short term, I am definitely short on gold. I hope my thoughts can help you Let's be happy trading.by Sherry-MkUpdated 3
GOLD The scenario of creating a new peak is very closeRegarding developments and results last week: The international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US releases producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is predicted that this precious metal will return to record highs sooner than expected. Conclusion about gold and trend: I am optimistic about gold next week. The USD is losing a bit of value along with Treasury bond yields also falling. Additionally, technically based on tests last month and to date, there are signs of acceptance above the $2400 price point. This opens the door to a possible increase to $2,500. Overall, gold confirmed a trend change above the $2400 level which buyers actively defended on the basis of a bullish wave materializing. It is likely that the market will try to change the trend. At this point, the realization phase will take shape. We await confirmation of a trend change for further strengthening. After gold moved above the EMA21 level it also achieved the target increases noticed by readers in last week's weekly edition at $2,400 and $2,417. Temporarily, gold is limited by resistance at $2,417 but bullish momentum remains strong with the RSI pointing up without reaching the overbought level. Gold's move above $2,417 will continue to push it toward an all-time high in the $2,430 area. Meanwhile, even if gold corrects downward, as long as it remains operating within the trend price channel ©, the short-term outlook is still bullish and price activity above EMA21 gives it more grounds to rise. More prices in the near future. In the coming week, the technical conditions of gold prices lean towards a bullish outlook and notable price levels will be listed as follows. Support: 2,400 – 2,397USD Resistance: 2,417 – 2,430USDby TVS-TraderUpdated 3
XAUUSD May 20, 2024 Is Gold in an uptrend?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Last week, the Russian president's visit to China will have two purposes: first, Russia and China create cooperation, which will make Russia's war in Ukraine continue to take place according to Russia's plan after the With China's support, the war in the Middle East and the factions supported by these two countries will gain more momentum. Second, these two countries are key members of the BRICS bloc. This visit will create momentum for the bloc to continue buying Gold to strengthen the bloc's common currency that is about to be released. In addition, with last week's announcement of US economic indicators, we see a decrease in the number of applications for unemployment benefits in the context of a continuous decline in the labor market, and at the same time the CPI index is at a high level. This shows that the American people are gradually adapting to the current economic situation, which will create confidence for the Fed to at least keep interest rates high to restrain inflation. So we see that the current volatile world situation is having a stronger impact on gold prices than the US economic index. Looking at the H1 graph based on the Elliot wave principle, we see - The price is at the end of wave 5. After measuring the target forecast for the end of wave 5, we have potential target areas that are 2444 and 2460. - After wave 5 ends, we expect an ABC correction before continuing the uptrend - The corrective wave target is expected to launch from the peaks of wave 5. We have 2 expected targets: area 2400 and area 2380. But according to the Elliot wave principle, corrective waves are often very complicated and take a long time. Trading plan In the Sell plan, we align the important price zones at 2444 and 2460 In our Buy plan, we watch the important price zones at 2400 and 2380 Scalping strategies are applied when the upper resistance - support area provides an entry signal. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.by DEEKOP1
XAUUSD SHORTXauusd have the potential of falling to 2400 using the Fibonacci tool. Here we can see that price is struggling to break higher and we can execute a trade to the downside Use proper RR and monitor your trade Shortby fxdonno3
Diary Entry 001-NQM JUNE2024 -Trade at your own risk, this is not financial advice, just holding myself accountable for observational analysis.Longby TyroneCliffordFX110
XAUUSD is most liked pair for trading, Will move up now? CPIThe price of the Gold against Dollar play an important role in the field of the forex trading, this technical and fundamental analysis proves that the price of the Gold will move up in two ways which are represented on the Chart. FOREXCOM:XAUUSD A. Blue Line FOREXCOM:XAUUSD B. Red Line FOREXCOM:XAUUSD The Blue line is representing that the Gold price will move up from where the price of the Gold is holding its position and will reach the $2400.00 as the resistance is near $2396. FOREXCOM:XAUUSD The Red line represents that the price of the Gold will not directly move up but its looking to take the price of the Gold down near the $2343 support then the the price of the Gold will move up to reach $2400.00. FOREXCOM:XAUUSD 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 117
Gold broke the 2,400 USD mark and continued to reboundHello dear friends! Let's explore the price action of gold after the recent days of major fluctuations! Regarding developments and results last week: the international gold market received a lot of economic information from major economies such as the US, China, and Europe. In particular, the US announced producer price index data. (PPI) and consumer price index (CPI) April 2024. Looking at gold's volatility and fluctuation range this week, it is expected that this precious metal will return to record highs sooner than expected. Conclusion on gold and trend: I am optimistic about gold next week. The USD is depreciating a bit along with Treasury bond yields going down. Additionally, technically based on tests last month and thus far, there are signs of acceptance above the $2400 price level. This opens the door to a possible increase to $2,500. Overall, gold confirmed a trend change above the $2400 level that buyers actively defended on the basis of a bullish wave of realization. It is likely that the market will try to change the trend. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening.Longby ConanForexUpdated 151534
Gold officially set a historic peak, surpassing the 2,440 mark!Gold has just set a new all-time high, as investor demand across the entire market skyrocketed due to growing confidence that the US will cut interest rates this year. Gold bullion increased 1.1%, reaching $2,440.59/oz early in the Asian session, surpassing the previous record set in April. This price increase is said to be due to traders becoming increasingly confident that the Fed may reduce interest rates as early as September this year. The dollar fell and US government bonds rose sharply last week, after data released on Wednesday showed April inflation fell more than expected. This is supportive for gold, a precious metal that does not yield interest and is priced in USD.Longby SantaTradeGoldUpdated 113