Bearish GoldGold will extend it's decline after breaking 2325, overall bias is bearish but only DXY direction will determine this biasShortby rejoicem761
GOLD ( FALLS )XAUUSD • Gold falls to multi-week low after US labor market data exceeds expectations. • China’s People’s Bank halts 18-month Gold buying spree, exerts downward pressure on XAU/USD. Tendency the price is under bearish pressure 2,327$ Turning level : The turning level 2,327$$,so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 2,327$ , the price will rise to 2,372$, as long as the price stabilize this level , there will be reach 2,398$ support level : The trading stabilizing below 2,327$, the price will reach the support level of,2,280$ and2,252$, and under this level it will reach 2,233 $ corrective level : price will attempt 2,327 , correct itself before falling Shortby ArinaKarayi4
NATGAS BULLISH BREAKOUT|LONG| ✅NATGAS is trading in a Strong uptrend and the price Broke the falling resistance So we are bullish biased And we will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx111
GOLD (Reversed - NFP Coming...)Technical Analysis The price has successfully followed its bullish trend, reaching our target of 2386. Today, the market is expected to be highly volatile due to the reports on non-farm payroll (NFP) and unemployment rate. Depending on these economic indicators, the price might correct to 2357 before dropping to 2328. It is crucial to monitor the closing of the 4-hour candle for further direction. Bullish Scenario: For the bullish trend to continue, the price must break above 2357 and stabilize. This would pave the way for a move towards 2369 and 2397. Bearish Scenario: The price may correct to 2357. If it remains below this level, it will drop to 2328. A break below 2328 could lead to a further decline towards 2320, a strong support line. Pivot Line: 2357 Resistance Lines: 2369, 2377, 2397 Support Lines: 2335, 2327, 2302 Today's expected price movement range is between the support level of 2302 and the resistance level of 2397. previous idea: Shortby SroshMayiUpdated 18
Gold trade idea!Here is my view on gold, after sweep of liquidity from the highs, and a big profit taking. Last week China pause buying gold + optimist nfp data and friday profit taking. Looks to me like prices settup for buyers at better liquidity zones around 2280, we might see a quick grab this week under the zone and then back in range, before FOMC wich i anticipate will be bullish for gold. Bears might take profit from the lows and bulls might buy the dip. Be carefull and have a nice week of trading :) Longby Nickos1231
GOLD: Great Trading Opportunity GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2294.0 Sl - 2264.4 Tp - 2342.2 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals117
NATGAS: Short Signal with Entry/SL/TP NATGAS - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell NATGAS Entry - 2.936 Stop - 3.043 Take - 2.759 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals111
GOLD POTENTIAL REVERSAL AHEAD ON DEMANDGOLD has declined following the release of the jobs data, but it has now reached a strong demand zone, where we previously observed significant buying pressure. If the price respects this level again, along with the lower boundary of the identified channel, we could see a bullish impulse before any anticipated downside momentum. However, a failed breakout at this support level would invalidate this projection.Longby traderchamp_5
GOLD Potential Long! Buy! Hello,Traders! GOLD is going down And Gold looks locally Oversold so after it Retests the horizontal Support of 2280$ We will be expecting A local bullish correction Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
More down for goldHi traders, Last week XAUUSD finished the correction up, swept the liquidity and dropped just like I've said in my outlook. So next week we could see this pair go down some more to finish the bigger complex pullback. Let's see what price does and react. Trade idea: Trade sells after a correction up and a change in orderflow to bearish on a lower timeframe. If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade!Shortby EduwaveTrading0
XAU/USD - Q2 Market AnalystBased on current trends and analysis, I forecast that XAU/USD will reach a new all-time high (ATH) this week at the earliest and next week at the latest. Therefore, we should consider taking a Long/Buy Action in the market. Here are the key insights: Reversal: There was a strong rejection at the 2291 area after experiencing a strong rejection at 2393. This is a sign that the market has the potential to move upward. Additionally, this week, on May 10, 2024, the market closed above the support area. Correction: The market will undergo a correction around the 2393 area before continuing its bullish trend, as long as there are no adverse news or situations affecting the market. Please remember, this analysis is a personal interpretation of market trends and should not replace professional financial advice. Always conduct thorough research and consult financial experts before making investment decisions.Longby rvldpwUpdated 2
Is oil still on the upward path?📊 According to the buying pressure created in the market, if the range of 76.2 units is broken upwards and the price stabilizes above it, the price may increase to the range of 77.3 units🎯, and in case of the strength of the range, 78.4 units🎯🎯. 📊 Otherwise, the price may fall to the range of 74.0 units.Longby arongroups6
XAUUSD. The seller is aiming for 2326 and belowOn the daily time frame, a sideways movement has been forming since April 9th. The buyer’s vector 4-5 reached a new high. The key candle of vector 4-5 was on May 20th and is located at the top (highest volume, "tKC" on the chart). The seller absorbed this candle, and now the seller’s vector 5-6 is developing. The first target is 2326.515. On the hourly time frame, there is a short trend. The last seller’s impulse started from 2374.01. The price corrected to the 50% level of the last impulse (2364.498), and we see a strong seller’s continuation. It makes sense to look for sell opportunities above 2390 if the price returns there or from the defense of the trend by the seller. by AlexeyWolfUpdated 3
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold prices. Any major news on this front may push gold prices higher. On Friday, gold retraced to our key level at the $2,325 zone, undoing gains made after the release of the US Personal Consumption Expenditure (PCE) data for April. This report, showing cooling core price pressures (0.2% month-over-month, down from 0.3%), suggests a higher likelihood of the Fed cutting interest rates sooner. Lower interest rates are typically positive for gold, reducing the opportunity cost of holding this non-yielding asset. However, US interest-rate expectations are just one piece of the puzzle. Gold demand is also being driven by Asian buyers hedging against their depreciating currencies. Fund flows into Chinese gold ETFs are rising at the fastest pace since April, even amid surging US yields. This trend indicates that the US Dollar's strength may not be as negatively correlated with gold as it was in the past. In this video, we'll explore how to navigate these complex market dynamics as we prepare for an active trading month. Expect increased trading activity as fund managers and investors rebalance portfolios to meet allocation targets or adjust for market performance. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the critical $2,325 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.Editors' picks15:42by darcsherryUpdated 2222 1.1K
XAUUSDAs of June 9, 2024, the price of gold (XAU/USD) is trading around $2,294 per ounce. Recent fluctuations have been influenced by various economic indicators and market expectations. For example, the release of stronger-than-expected U.S. nonfarm payroll data caused a slight decline in gold prices to around $2,294 on Friday.Longby HavalMamar110
Gold forecast with key levels for the coming weekGold forecast with key levels for the coming week What a week on gold we started at 2333 before rising to 2386 and finding support at 2284 a 1200 pip move over 1 day. So for the coming week what can we expect ?, I follow key levels and mark these up on my chart and wait for these levels So on the upside ill look to enter a buy at 2298 , expecting 2304 (high resistance), if broken next level 2308 to 2310 (next resistance then 2314 to 2316 level also resistance if broken next key level is 2328 to 2330 then 2340 to 2350 (very high resistance ) if this breaks trade gold as bullish and we have a real chance of getting to 2371 to 2384 and finally 2400. I have given the levels for the upside to 2400 but in reality I do not think we will get there this week. On the downside ill enter a sell at 2284 expecting 2272 and if broken 2260, next resistance at 2252 then expect 2240 (as always high resistance here )then 2220 and 2197, if 2197 is taken next level I have is 2150, 2118. In Asian trading session I think there’s a possibility of reaching 2318 area before falling , I think overall at least for the start of the week we going bearish , hope everyone has a great week ahead , trade with a stop loss and don’t over leverage that’s the key to staying in this game .by bud1621
Gold this week 9/6/2024Hello traders Gold for this week, as last week we mentioned the buy zone 2297$-2292$ as a retest , this week , the buy zone starts at 2287$-2277$ this zone has a potential to bring gold up to 2354$, if this zone breaks with 4H candle gold will go down to 2261-2251$ this is only my analysis. Please do not risk with it and I hope you’re all the profitable week.Longby MajdAbdolMajeed3
Canadian Dollar Historic Long(Futures) This is the CoT index of Commercials(Blue) and Retailers(Green). As you can see, Commercials are in the high extreme and Retailers are in low extreme of the index. The vertical blue lines are the past identical situations which ended up in big rallies. Plus, when the retailers net position(green area) is around -8000 (the dotted green line) resulted in rallies also. On top of that Commercials net positions(the blue area) is close to the all time high (since 2001). the last time Commercials net positions were this high was May 2017 which ended up in a BIG rally. Besides, the 15-year seasonality shows bottom of the market around the end of June and top of the market around the end of July. Keep in mind that this is the Canadian Dollar futures chart which is the inverted of USDCAD of Forex chart. Longby XardasX0
Gold Buy or Sell?Trade Gold within Trend! General: Strong bearish trend on daily and 4h. however, 1h there is a pullback. Now, let's observe how would gold act during Asian time tomorrow, especially, how would it 2300-2314 before it breaks 2314, there is no break of structure on the 5mins level, so no buy. Only looking for chances to sell. And with all sell, a safer stop loss would be 2314.5. Unless, the price drops directly when market opens. I think there is an opportunity for gold to go back to 2330 area, — which is a good area for sell orders. Let's see how gold plays out next week. I am mainly looking for short opportunities, but if the uptrend revitalize, it would join as well. i always enter at 5m, or even 1m. Shortby Shin_diamonds0
Another Bearish Week for Gold Gold forming now strong estimated Double top pattern with bearish engulfing candle and shooting star candle after confirming breaking down double bottom neckline at 2280 targets for the pattern is 2080Shortby Mohamed_Lewaa_CFTe0
Gold Daily ClosingGold after breaking the uptrend channel down begin to move side way forming strong estimated head and shoulders pattern with bearish engulfing candle after confirmation of the break we support strong sell target a Demand zone at 2150 t0 2190 Shortby Mohamed_Lewaa_CFTe0
Gold Analysis on June 4, 2024:Yesterday, right at the beginning of the day, Gold continued its downward trend in the Eurasian session around 2314. Here, the H1 time frame created a pair of short-term reversal candles that pushed Gold back up and recovered strongly when the session came. America => At the end of the day, D1 candlestick closed up beautifully at 2350. Main trend today: Up Blackman's opinion: Early today Gold will gradually decrease to the support zone forming the DOW theory with the target of wave 2. Then in Europe and America gold will appear, pushing Gold to follow the trend and break out of the 2350 area towards target 2360, further can reach 2370 at least with the final goal of completing wave 3. Longby IAm_RyderUpdated 111136
Gold halting versus inflation#Gold also halting on what now appears to be its next 13+ year breakout/resistance line. We must wait and watch this resolve. #Silver and some important #miners track this.by Badcharts3