Gold today has the ability to recoverDear traders! It's time to buy gold. The BB indicator is narrowing in a downtrend, and it seems that sellers cannot break the support. A recovery candle has formed from the BB limit. Therefore, buy target up to 2335 USD.Longby ConanForexUpdated 242457
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test 2332 weighted level and we will need to see ema5 cross and lock above 2332 to open the range above to test 2343 and 2349. Rejection here will see price fall back into the retracement range 2322 - 2312 and a further test and break below 2312 will open the swing range We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2322 WILL OPEN THE FOLLOWING BULLISH TARGET 2343 2349 EMA5 CROSS AND LOCK ABOVE 2349 WILL OPEN THE FOLLOWING BULLISH TARGET 2367 BEARISH TARGETS 2322 EMA5 CROSS AND LOCK BELOW 2322 WILL OPEN THE FOLLOWING BEARISH TARGET 2312 EMA5 CROSS AND LOCK BELOW 2312 WILL OPEN THE SWING RANGE SWING RANGE 2302 - 2294 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx1414146
Gold selling strategy today!Dear traders! It's time to sell gold. A quick test of the 2307 support level and a return to the key resistance level of 2320-2323 would be a good entry point for gold. Sell target targets 2300 USD for a big strike. 2% rule for account management! Good luckShortby ConanForexUpdated 202061
Gold continues to rise todayThe world gold market traded in a moderate state, the price did not fluctuate strongly because investors waited for information about US inflation as well as the minutes of the meeting discussing monetary policy of the US Federal Reserve ( Fed) is expected to announce today (US time). The next important level that the market needs to watch is 2,300 USD/ounce. If this level is broken, there is a good chance that gold will fall further and retest the $2,200/ounce level. Traders are worried about the Fed's policy meeting on June 12 (US time) because if the inflation report does not show any improvement, the Fed will not signal that it will lower interest rates soon. This means that both the USD and US yields will rise to the detriment of gold. After the jobs report released last week, the Fed is unlikely to signal a rate cut at its September meeting, something investors have been waiting for a long time. That move will likely put pressure on gold, causing the precious metal to fall another time or two amid rising bond yields and the dollar. Gold is pulling back some of Friday’s post-NFP losses after nearing a noted level of support around $2,280/oz. level. The precious metal remains below the 20-day- and 50-day simple moving averages, at $2,355/oz. and $2,343/oz. respectively and will need to break and open above these two indicators if it is to move higher. 🌐GOLD PLAN June 12 Today there is CPI data and the market decides on the FED's interest rate in the evening. Currently, Gold still remains in the H1 price wedge. Although the bottom is gradually higher, the buying force is quite weak with an advantage on the selling side. Upper border breakout: 2325 Lower border breakout: 2304 - 2300 - 2391 Price ranges to note: ➡️Support: 2286 - 2274 - 2268 ➡️Resistance: 2325 - 2338 🔴SELL price range 2325- 2323 stoploss 2329 (Resistance H4 + VCM EMA 89 frame H1) 🟢BUY price range 2270 - 2268 stoploss 2264 🔴SELL price range 2338 - 2340 stoploss 2344 Scalping strategies will be applied when the resistance - support areas above have entry signals.‼️ Note: Full TP, SL to be safe and win the market.by BonsabenUpdated 44284
TECHNICAL PROSPECT ANALYSIS OF GOLD PRICE (JUNE 17 - JUNE 21)In the early trading sessions of this week, international gold prices increased from 2,287 USD/oz to 2,341 USD/oz. However, after the FED kept interest rates unchanged and said it would only raise interest rates once this year, gold prices fell to 2,295 USD/oz. However, after the US consumer price index (CPI) in May was announced, it decreased compared to expectations, causing the market to increase expectations that the FED will cut interest rates twice this year, not 1 time as stated by the Chairman of the FED. This pushed gold prices up to 2,336 USD/oz and closed the week at 2,332 USD/oz. Next week, because there will be no important US economic data released, the CPI data may still have an impact on gold prices next week, meaning gold prices may continue to recover. However, the level of recovery will not be large because investors are still cautious about gold prices in the short term. Gold prices may rise in the long term as central banks keep buying. The USD's role could decrease as the BRICS bloc excludes it from transactions. If Petrodollars collapse and the BRICS+ bloc expands, the USD's strength will likely decrease. Central banks increasing gold purchases to reduce USD proportion will positively impact gold prices. Technically, considering the D1 technical chart, gold price is currently trading in the range of 2280-2450, meaning the important support zone is established around the 2280 threshold, while the resistance threshold is at 2450, in this case. The 2280 support mark is broken, the gold price officially enters the adjustment cycle calculated for the corresponding D1 chart, otherwise the gold price will still move sideways within the wide range mentioned above. Support: 2,280 Resistance: 2,450 SELL XAUUSD PRICE 2365 - 2363⚡️ ↠↠ Stoploss 2370 BUY XAUUSD PRICE 2260 - 2262⚡️ ↠↠ Stoploss 2255by BonsabenUpdated 288
GOLD → Shakeout and false breakdown of 2325. PPI aheadFX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%, but it all depends on the actual data. Mind you, yesterday the market got a CPI of 3.3%, versus the expected 3.4%. But Powell did not say anything interesting in the change of views and still sticks to the hawkish side. Technically, gold is breaking local upside support and forming a consolidation below 2325. If the data is bullish for the dollar, gold could continue to fall towards 2290-2265. Resistance levels: 2325, 2340 Support levels: 2305, 2291 Technically gold is showing weakness, but it reacts quite strongly to any small positive news. The whole emphasis on today's news, if the fundamental background remains negative, we will consider the targets below, if there are hints of a change in the background, we can consider price growth to 2340-2355. Regards R. Linda!Shortby RLindaUpdated 252559
Gold recovered during Monday's trading sessionThe recovery is still cautious in the context that technical charts show that the downward pressure on gold prices in the short term is still strong and investors wait for the results of the US Federal Reserve (Fed) meeting this week... World gold prices recovered during the trading session on Monday (June 10), regaining the key threshold of 2,300 USD/oz, after experiencing the strongest drop in more than 2 years on Friday. However, the recovery is still cautious in the context that technical charts show that the downward pressure on gold prices in the short term is still strong and investors wait for the results of the US Federal Reserve's (Fed) meeting in the near future. this week. This recovery session of gold prices took place even when the USD and US Treasury bond yields both increased. The Dollar Index, which measures the strength of the greenback against a basket of six other major currencies, increased nearly 0.1%, closing above 105.1 points. The 10-year US Treasury bond yield increased 4.1 basis points, reaching 4.469%. The global financial market, including gold investors, are anxiously awaiting the US consumer price index (CPI) report for May and the results of the Fed meeting, which are expected to be announced respectively at the meeting. morning and afternoon on Wednesday. A hotter-than-expected CPI report will strengthen the case for the Fed to keep interest rates higher for longer, putting downward pressure on gold. On the contrary, a report with weaker-than-expected data will pave the way for gold prices to go up. Regarding the Fed meeting, the market predicts there will be no move to adjust interest rates at this meeting. What investors are interested in is the Fed's quarterly updated economic report and Fed Chairman Jerome Powell's press conference after the end of the two-day meeting. 🌐GOLD PLAN June 11 Upper border breakout: 2315 - 2320 - 2329 Lower border breakout: 2291 - 2286 - 2280 Price ranges to note: Support: 2286 - 2280 - 2274 - 2268 - 2259 Resistance: 2315 - 2320 - 2325 - 2338 🔴SELL price range 2320 - 2322 stoploss 2326 🟢BUY price range 2270 - 2268 stoploss 2264 🔴SELL price range 2338 - 2340 stoploss 2344 Scalping strategies will be applied when the resistance - support areas above have entry signals. Note: Full TP, SL to be safe and win the market.by BonsabenUpdated 11283
Latest gold update todayDear friends! Today's world gold price is listed on Kitco at 2,314 USD/ounce, an increase of 11 USD/ounce compared to yesterday's trading session. Currently, traders are worried about the Fed's policy meeting on June 12 because if the inflation report does not show any improvement, the Fed will not signal to lower interest rates soon. This means that both the USD and US yields will rise, to the detriment of gold.Shortby IAm_RyderUpdated 181835
Gold price today: Expected discount?What are your thoughts on the current gold price? At the moment, gold is trading higher than it was at the start of yesterday's session, approaching the 2313 USD mark. The Bollinger Bands indicator shows a widening downward trend, suggesting further price pressure. Additionally, the descending trendline formed from the previous two peaks remains unbroken. This indicates that gold is likely to continue its downward trend in the near term. Later today, the CPI index will be released. If the USD benefits from this economic data, we could see gold prices drop even more. Wishing you successful and enjoyable trading!by Odessa_MarloweUpdated 1010197
Gold moves sideways with unclear developmentsDear traders! Gold's consolidation continues to build and gain some positive traction on the first day of the new week and partially reverse Friday's post-NFP decline to the $2,287-$2,286 area, or above lowest in a month. However, gains remain limited due to the strengthening US dollar, which tends to weaken demand for USD-denominated goods. In the short term, gold will continue to move sideways when the Bollinger bands are narrowing and there are unclear moves. Personally, I am still waiting for a clear breakout move from the chart. It is expected that gold may drop to about 2,250 USD. What is your view? Do you share the same opinion?Shortby ConanForexUpdated 151538
Gold Forecast? BUY Trend PreferredThe global gold price has seen a slight increase of 0.09% over the past 24 hours, equivalent to a rise of 2.02 USD/Ounce. Gold prices have edged up despite the US dollar's recovery, as investors remain eagerly awaiting key inflation data from the US and the outcome of the Federal Reserve's policy meeting. The H1 chart shows signs of a Bullish pattern gradually forming, as it continues to establish higher highs and higher lows. According to Jessica, prioritizing buying along the trend is still advisable, however, caution is warranted as gold may break the bullish pattern entirely and continue the downward trend. What are your thoughts on this forecast? by JesscicaUpdated 161622
Gold continues to be at risk of deep declineDear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy meeting on June 12 (US time) because if the inflation report does not show any improvement, the Fed will not signal that it will lower interest rates soon capacity. This means that both the USD and US yields will rise to the detriment of gold. According to Conan, the next important level that the market needs to watch is 2,300 USD/ounce. If this level is broken, there is a good chance that gold will fall further and retest the $2,200/ounce level.Shortby ConanForexUpdated 151535
Latest gold updates and strategiesHello dear friends, let's explore the gold price after yesterday's big fluctuations! About developments and news results: Gold prices experienced significant volatility on Friday, maintaining stability above the $2,300 mark and reaching $2,332, highlighting gains of 320 pips. This happened as US Treasury yields fell, benefiting the precious metals market. Conclusion about gold and the trend: In general, the main trend of the market is still down on almost every time frame. But! The fact that gold is still above 2,300 USD/ounce proves that buyers still actively consider corrections and price drops as good opportunities to increase gold holdings. Personally, Ryder expects that from the resistance limit of the gold channel, the market may sell off to the $2,250 mark because the correction trend of gold has not ended yet.Shortby IAm_RyderUpdated 151533
Gold at the end of the session, an increase of nearly 300 pipsGold Market Update: Hello everyone! Yesterday, the gold market experienced a remarkable recovery. At the start of the session, gold traded steadily, but as the session progressed, it surged dramatically, recovering over 280 pips. By the end of the trading day, gold closed at $2,332 USD, marking a 1.24% increase. Despite the US Dollar Index remaining at elevated levels, which typically exerts pressure on gold prices, gold managed to maintain its position above $2,300 USD/ounce. This resilience indicates that investors are seizing the opportunity to increase their gold holdings during price dips and adjustments, viewing them as favorable entry points. by Alexander_BennettUpdated 1010106
The EUR/USD is fluctuating ahead of the EU/US data. In this morning's trading session, the price of gold has experienced some specific fluctuations. Overall, the general trend of the gold price remains stable and maintained at a high level. Technical indicators show that the price of gold is at a strong level with a steady and stable upward trend. The moving average indicates that the upward trend is being maintained and may continue in the near future. The RSI index does not indicate overbought conditions; however, attention should be paid to any sudden fluctuations that may occur. Following yesterday's Federal Reserve interest rate announcement, the prediction for the price of gold is still in a DOWNTREND cycle. Longby JesscicaUpdated 151523
GOLD has shown signs of recovery. Will it RISE ?Hello everyone, gold has shown signs of slight recovery after experiencing a $100 drop last Friday, with yesterday marking a pause and showing slight signs of recovery at the previous bottom of 2285. Regarding news: today, there are few news coming from the UK, directly impacting products with the Pound. For now, it's advisable to maintain the Sell order at 2312.88 that has been matched. In the near future, gold is likely to undergo a recovery phase and rise again. Do you agree with my prediction? Please leave your comments below. Longby Jesscica141435
GOLD - last crash, then a new all time high! (buy here)GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy gold here, or enter a long position on futures with leverage to increase your potential profit. You probably know that I am very bullish on GOLD for the next few years and expect at least a double in price. After many years of sideways price action, GOLD finally broke out and made a significant new all time high. GOLD seems undervalued and should go higher. It's always important to look at the Elliott Wave analysis, as it gives us a better understanding of the whole market structure. Where on the map are we currently? On the chart, you can see an impulse wave (12345) and after such move we can expect a corrective structure, such as ABC or WXY. Usually, you want to take a Fibonacci retracement of the previous impulse wave and look for 0.382 FIB or 0.618 FIB. I don't think GOLD will go all the way down to 2155, that would be pretty bearish after the previous breakout to a new all time high. Buying gold at current levels is definitely a good idea, but if you want better price and timing, I would take the 0.382 FIB. This will also increase your risk-to-reward ratio. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.Longby XanroxUpdated 101042
GOLD ROUTE MAP UPDATEHey Everyone, 2326 HIT - BOOOOOM!!! Yesterday after completing 2296 and 2306 we confirmed a cross and lock opening gap to 2326 Goldturn. This target was hit today as called out yesterday. We are now seeing ema5 cross and lock above 2326 opening 2349. We have FOMC today so taking caution and any rejection before the target will be looking for support above 2309 to re-attempt the open gap above or a break below 2309 will open the range below again. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx1414109
Gold holds below $2,300 as China stops buyingGold prices pared losses of nearly $2,295 despite a stronger US dollar on Monday in early Asian trading. The yellow metal fell to a one-month low on Friday amid lower bets on a Fed rate cut this year and bearish sentiment fueled by news that China had temporarily Stop buying gold in May. From a technical perspective, Thursday's sustained move beyond the $2,364 area, or last week's swing high, is seen as a fresh trigger for bullish traders. That said, mixed oscillators on the daily chart need to be cautious before positioning for any further profits. Therefore, any further upside move is likely to face stiff resistance and remain limited near the $2,400 mark. However, some further buying is likely to lift Gold prices to the next relevant barrier near the $2,425 area en route to the $2,450 area or the all-time high reached in May. On the upside, the $2,060 horizontal zone currently appears to be protecting the immediate downside. Any further decline could be seen as a buying opportunity around the $2,340 area. This should help limit the downside for Gold prices near the $2,315-2,314 area or the multi-week low hit on Tuesday. However, a convincing break below would confirm the break through the 50-day Simple Moving Average (SMA) and pave the way for deeper losses. XAU/USD could then weaken further below the $2,300 round-shaped mark and test the $2,280 support zone. 🌐GOLD PLAN June 10 Gold experienced a sharp fall after being affected by two important news about China stopping buying gold in May and Nonfarm being very good for USD. Today Gold is staying in the price range of 2320$ -2280$. Waiting for Scalping is the Breakout strategy here. Upper border breakout: 2309 - 2320 - 2329 Lower border breakout: 2286 - 2280 Price ranges to note: Support: 2286 - 2280 - 2274 - 2268 - 2259 Resistance: 2308 - 2320 - 2329 - 2338 🔴SELL price range 2320 - 2322 stoploss 2327 🟢BUY price range 2270 - 2268 stoploss 2264 🔴SELL price range 2338 - 2340 stoploss 2344 Scalping strategies will be applied when the resistance - support areas above have entry signals. Note: Full TP, SL to be safe and win the market.by BonsabenUpdated 33245
Update the latest gold price!Hello everyone, let’s dive into today’s gold price analysis! On the chart, gold showed a strong rebound of nearly 300 pips on Friday. However, in the long term, it still resides within a downtrend as the price channel remains stable. Looking ahead to the potential movements and targets: Based on technical analysis, I expect the price to decline further after this recent adjustment, possibly reaching the upper boundary of the price channel. My target is set at $2280. What are your thoughts? Do you think gold will rise or fall this week? Shortby Odessa_MarloweUpdated 1111103
Hellena | GOLD (4H): Short to 100% Fibo lvl 2252.844.Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target. Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a slight correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 171723
GOLD ROUTE MAP UPDATEHey Everyone, After completing our target at 2326 yesterday, we have a gap left open at 2349. We got a nice run of over 150 pips but not the full gap. As always we only buy from dips so our exits have been nice, safe and early. We also highlighted that any rejection before the target, we will be looking for support above 2309 for the bounce. This played out perfectly with a bounce form 2309 all the way into 2326 for the perfect Goldturn touch. Our plan is to continue to buy dips above the retracement range using our weighted Goldturns until we see any break and lock below the retracement range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 - DONE BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFX by Goldviewfx1010121
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our 1H chart also playing out perfectly inline with our plans to buy dips. 2296 and 2309 both bullish targets now complete on this chart. We now also have a cross and lock opening gap to 2326 Goldturn. We got a nice movement upto 2320 over 100 pips from the 2309 level before another drop leaving the gap 2326 still open. We are now looking for support above 2296 - 2286 to re-attempt the open gap above. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETS 2296 - DONE 2309 - DONE EMA5 CROSS AND LOCK ABOVE 2309 WILL OPEN THE FOLLOWING BULLISH TARGET 2326 BEARISH TARGETS 2286 EMA5 CROSS AND LOCK BELOW 2286 WILL OPEN THE RETRACEMENT RANGE 2274 - 2259 EMA5 CROSS AND LOCK BELOW 2259 WILL OPEN THE SWING RANGE 2274 - 2259 SWING RANGE 2240 - 2219 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx99121