PCE weekend news - Gold price tries to recover⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Meanwhile, XAU/USD demonstrated some strength beneath the 50-day SMA, buoyed by anticipation that the Fed will commence its rate-cutting cycle in September. This has kept the USD subdued below a two-week peak reached on Wednesday, helping Gold to draw in some buyers. However, upward momentum appears constrained as traders await the upcoming US PCE Price Index release on Friday, which could signal the Fed's policy direction. This data will likely influence USD demand and inject new momentum into the non-interest-bearing gold market.
⭐️ Personal comments NOVA:
Gold price H4 frame completes wave 5 ELLIOT, will sideways stabilize below 2400 creating more liquidity for the market
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2352 - $2354 SL $2347
TP1: $2360
TP2: $2368
TP3: $2375
🔥SELL GOLD zone: $2400 - $2402 SL $2407
TP1: $2390
TP2: $2380
TP3: $2370
⭐️ 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 longest
Goldbuy
Chaos and Confusion within Gold Today!I think it makes more sense to walk away from gold at this time as it isn't very clear about what it is attempting to do.
Have you ever felt like the market doesn't know what it wants to do? Well if that is the case and the market doesn't know, how the F could you know?
Come on, not everyday requires you to place a trade.
This is a test most traders will surely fail, because they are addicted to the industry, you have to gain some kind of control over yourself and force yourself to walk away.
XAU/USD Imminent gold buys from current price back upCurrently, gold remains very bullish, and this idea aligns with the pro-trend approach. I'm particularly interested in the 16-hour demand zone that caused a break of structure. I will be watching for a Wyckoff accumulation at this level or possibly at a lower demand zone. Regardless, we are approaching strong demand zones.
The plan is to take the price back up to a newly marked supply zone on the 15-hour chart. From there, I might consider possible sells, but for now, I’m focused on buys.
Confluences for GOLD Buys:
Price has broken structure to the upside and is continuing a bullish trend.
There is still a lot of imbalance and liquidity to the upside.
The 16-hour demand zone has been mitigated, and I'm awaiting a Wyckoff accumulation.
This is a pro-trend idea on both the higher and lower time frames.
Price has completed a retracement and appears poised to make a new leg to the upside.
P.S. If the price breaks this demand zone, I will expect it to mitigate a deeper demand level, such as the one on the 23-hour chart.
GOLD and impact of cpi newsXAUUSD has hit all our bullish targets.
In our last analysis we have explained that if 2370 is not hit then the xauusd will fly to 2385 2393 2404 2421.
bullish targets hit
2385✅✅✅
2393✅✅✅
2404✅✅✅
2421✅✅✅
why xauusd fly high with cpi news?
For the last three months the cpi is less than the expected value and fall in consumer price is an indication of finance department for cutting interest rates for stimulating borrowing investing and to boost purchase to strengthen economy.
so now speculations for interest rate cut has increased and due to that reason as a safe haven gold price gone up
for more detailed analysis and views follow us boost us
NF - important data ! $2390 entries expected⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The ongoing risk-on climate, represented by global equity market increases, could limit any extreme XAU/USD rally. Traders may hold off on strong bets until the US monthly employment data release. The Nonfarm Payrolls report will shape expectations of future Fed policies, impacting USD demand and giving new momentum to the precious metal, which is set to record gains for a second consecutive week.
⭐️ Personal comments NOVA:
Gold price has positive optimism in early July. NF opportunities for prices to continue to rise, expected price range $2390 - $2400
⭐️ SET UP GOLD PRICE:
🔥SELL GOLD zone: $2390 - $2392 SL $2400
TP1: $2380
TP2: $2365
TP3: $2350
⭐️ 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 longest
Go long gold first, then go short goldGold has tended to be volatile in the past two days. As I predicted a few days ago, after the sharp decline, gold may digest the sharp decline in a volatile manner. Although the current market fluctuations are not large, it is still profitable. Judging from the current trend, the short-term decline has been alleviated, and the bulls have the motivation to continue to rebound. However, last week's high black candlestick chart was engulfed, laying the foundation for bearishness this week. The overnight strong impact also failed to break through the 2365 key point, indicating that there are still a lot of short pressure above 2360. So overall I still tend to be bearish on gold.
However, gold has now fallen back to around 2340. Before gold fails to fall below the 2335-2330 area, gold bulls still have room to fight back. So for the time being, I will not be too bearish on gold. In terms of short-term trading, I think both long and short sides have the potential to make profits.
So it has fallen back to around 2340. We can first participate in short-term long gold. After gold rebounds, we can consider shorting gold at the right time!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
23 consecutive wins! Continue to be long gold in the short term!Due to delays this morning, I missed the opportunity to short gold. But fortunately, we also made a lot of profits in long gold transactions, which made up for the regret of missing the short gold profits. Today we added long gold positions near 2314 and 2307 respectively. During the rebound, gold hit the highest position near 2321. Even if we closed the position above the 2317 position in advance, we also made a good profit.I personally made $7.5K in profit on long trades. Congratulations to us for setting a new winning streak. We have achieved 23 consecutive wins in trading so far.
According to the current short-term structure of gold, gold has not made breakthrough progress on both the long and short sides, and the overall structure of gold maintains a shock in the 2300-2325 area. Although there is currently a lot of talk in the market about gold falling to the 2290-2280 area, I also think that gold may fall to the 2290-2280 area, but the time has not come yet. Before falling to the 2290-2280 area, I think gold will at least rise and touch the 2325-2335 area before a significant decline is possible.
Judging from the recent trend, although gold's performance is relatively weak, it is undeniable that gold has held the 2300 mark many times during its decline. It is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as possible. They are all gathering buying points, so gold has shown twists and turns during its decline. In addition, gold repeatedly built a bottom structure during the shock, gradually limiting the room for decline; and gold broke through the 2320 position during the rebound, further confirming the potential and space for gold to continue to rise, so gold may still continue to rise to the 2325-2335 area .
Then in the following trading rhythm, I will look for more short-term long gold opportunities. I believe that in long gold trading, we will earn considerable profits!Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
NFP signal Gold News: Read the Latest Analysis on XAU/USD
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold buy 2301
Target 2350
GOLD Gave 2 Hours Ago +100 Pips 0 Drawdown , New Entry Added !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
gold buy signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
gold now buy 2393
tp1 2394
tp2 2398
tp3 2402
tp4 2420
GOLD Imminent buys towards 2390 sell idea This week, my analysis for GOLD involves seeking immediate buying opportunities from the 12-hour demand zone where price is currently situated. My strategy is to initiate buys with the aim of targeting the 6-hour supply zone above for potential selling opportunities. Despite the significant drop on Friday, price still appears bullish based on last week's performance, but we might anticipate a reversal in the near future.
In case the current zone fails to hold, there's a demand zone below where we could consider another buying opportunity. This scenario is possible given the substantial liquidity present below my point of interest (POI). With ongoing news about geopolitical tensions, gold could potentially rally further, but we'll closely monitor unfolding events and adjust our approach accordingly this week.
Confluences for GOLD Buys are as follows:
- Price has been very bullish for the past couple of weeks and multiple BOS have taken place.
- War news is happening and as we have seen before gold usually has a bullish reaction from it.
- Price has recently broken structure and is now in a 12hr demand zone.
- Price looking like it's slowing down on lower time frames could get a wyckoff accumulation.
P.S. Gold may experience a decline from the 6-hour supply zone, given the substantial rejection indicated by the long wick on the higher time frame. This downward movement could signal the beginning of a potential bearish trend. Gold presents compelling opportunities for trading this week, with various potential entry points to capitalize on. Let's aim to seize these trading opportunities and capture profitable movements in the market!
Super Bullish Gold may reach 2500$(4//12/2024)In our last analysis, we had anticipated the OANDA:XAUUSD gold price to reach the 2300-2350$ zone. The price has reached our target and after a little correction, the price made a move to the 2400 area.
With everything happening worldwide, the 2500$ zone is not far from reach.
Our technical view has been shown in the chart.
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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.)
CPI - factor affecting the increase in Gold price⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices pulled back from all-time highs on Tuesday, dropping to $2,346 after reaching $2,365. This was due to a risk-on sentiment and declining US Treasury yields. The US economic calendar was light, with the NFIB Small Optimism Index falling for the third consecutive month. Traders are now awaiting the release of the US Consumer Price Index and the Federal Open Market Committee Minutes on Wednesday.
⭐️ Personal comments NOVA:
The uptrend line continues - today's CPI data, according to economic experts, is still not positive for the dollar - Gold prices still have many new rising motivations
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2328 - $2326 SL $2321
TP1: $2340
TP2: $2355
TP3: $2370
Pay attention to the psychological resistance zone $2398-$2400
🔥SELL GOLD zone: $2371 - $2373 SL $2376 scalping
TP1: $2360
TP2: $2355
TP3: $2350
⭐️ 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 longest
GOLD-uptrend
The Federal Reserve kept interest rates steady on Wednesday, but policymakers signaled they still expect to cut interest rates by 75 basis points by the end of 2024. Three rate cuts are expected this year, according to the latest median economic forecast, but overall they are down from three months ago. Become more hawkish at one time forecast. Powell said it will soon begin to slow down the pace of reducing its balance sheet. Slowing down the balance sheet may allow the Fed to eventually reduce its holdings of government bonds more than previously expected. Currently, traders believe that the probability of a rate cut in June is 75%, while The probability before the Fed interest rate decision is announced is 60%. What needs attention today are: 20:30 US initial jobless claims for the week to March 16, US fourth quarter current account, US March Philadelphia Fed manufacturing index, 21:45 US March S&P Global Manufacturing Index Initial PMI value: US March S&P Global Services PMI initial value, 22:00 US February total existing home sales annualized, US February Conference Board Leading Indicator monthly rate.
Yesterday I thought it rose to 2173-2175 again, and there might be room for growth, but I didn't expect it to rise so much, so we need to be in awe of the market. As long as you follow my thoughts, even if you don't keep up with this rise, You shouldn’t lose money either
Today's transaction can only follow the trend. It is now a determined upward trend. The support below can be judged based on the unilateral moving average at 2192 and 2180. Buy near the support.
Following my strategy will make your trading easier
XAUUSD Today's Trading Strategy
After the FED meeting, the uptrend is still the dominant trend
The main trend is still uptrend so we still prioritize BUY positions
From now on, I will plan appropriate price zones
That's why today we will have 2 buying zones:
BUY ZONE 1: around round number 2200
BUY ZONE 2: Zone 2190
Key areas
BUY ZONE: 2199 - 2201 AND 2189 - 2191
TARGET: 2220
I will continuously update the plan
Gold Thursday trading signals and trend judgment (updated)
#XAUUSD The Federal Reserve ignited the market buying sentiment, and gold opened and rose to 2222 today. Gold moved below to 2192-2195-2197 multiple times. The top touched 2210-2212 many times.
The current golden range is 2180-2122. This trading range is very wide
Except for the current false breakthrough price of 2222. and the untouched support level below 2180. I think it is unlikely that gold will make a major correction. The reasonable trading range should be 2192-2222. Based on the Fib line and EMA line and today's running price as a reference. If gold fluctuates at a high level today, I think the trading range you can try is:
BUY2200-2202/ 1995-1997 sl2192 tp2213.5-2220
Because gold is still considered unstable in its current run. Of course, you can still choose not to trade and continue to observe.
If you are interested in my analysis, please join me. And give me a like. I update my thoughts almost every day
Gold trading trend next Monday
There will be no special news next Monday, and gold will fluctuate and consolidate. In the Asian and European markets, I think the possible operating range for gold is between 2150-2165. If there are new breakthroughs, I will update with new trends.
Operation strategy:
buy 2148-2153
sell 2163-2165
Set a smaller stop loss range.
I will update my analysis or signals if any range is broken, please join me. And give me a like. thank you all. Find me ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓