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Gold price today (June 24): "Hold your breath" waiting for the sWorld gold charge today World gold costs have a tendency to boom with spot gold growing via way of means of 3.2 USD in comparison to final week`s ultimate degree to 2,323.2 USD/ounce. After a unstable week, the sector gold marketplace is predicted to stabilize this week with few essential statistics launched withinside the center of the week. The maximum awaited records via way of means of the marketplace is the center private intake expenditure index document (americaA Federal Reserve's (Fed) favored inflation measure) predicted to be posted on the quit of the week. Some reviews say that this document is predicted to create fluctuations withinside the marketplace. Weaker statistics ought to boom the chance that the Fed will reduce hobby charges in 2024, and that situation might aid the yellow metal. On the contrary, inflation "hotter" than predicted will motive gold to fall deeper. Although the upward momentum has slowed, many analysts agree with that the elements which have supported gold these days have now no longer disappeared. Accordingly, worries associated with geopolitical instability remain, mainly beforehand of americaA election in November. Additionally, the USD's role as the sector's reserve forex is still challenged. focus and the danger of worldwide inflation remains. According to the World Gold Council's latest annual Central Bank Gold Reserves Survey, the ones are the pinnacle motives why each retail traders and important banks flip to gold.
TVC:GOLDShort
by Chart_MasterPro
FAKE BREAK! Gold price maintains the DOWN price range below 2365✍️ NOVA hello everyone, Let's comment on gold price next week from 6/24 - 6/28/24 🔥 World situation: Gold prices fell over 1.70% on Friday due to positive economic data from the US, which reduced expectations of interest rate cuts by the Federal Reserve. The XAU/USD trades at $2,317, below its opening price after reaching a daily high of $2,368. The US economy showed mixed signals, with June's PMI readings surpassing estimates but the housing sector declining as Existing Home Sales for May fell compared to April's data. 🔥 Identify: Gold price had a FAKE BREAK to the 2365 zone then strong selling pressure on Friday, returning to the sideway price zone. Will continue to accumulate until the end of June 2024, maintaining below the 2365 area 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2338, $2365, $2385 Support : $2306, $2270 🔥 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold analysis week 27The gold market maintained a steady recovery ahead of the weekend, but the overall trend remains unclear as US consumer confidence continues to decline and inflation expectations remain high. The new divergence between the Fed's interest rate forecast and market expectations could bring some volatility to the gold market in the short term. China is the main driving force behind the increase in gold prices over the past year, and China's gold purchases have only been assessed as temporary and there has not been any move to show that they have "stopped". could also be a move to avoid paying a record high purchase price. The market will get some preliminary and regional manufacturing data as well as some US housing data next week. Gold has recovered from the support level of 2,305 - 2,300 USD but in general the recovery momentum is still limited and the downtrend has not been broken yet. The recovery momentum of gold price is limited by the confluence area of ​​technical point 2,340 in the trendline area which is also the nearest peak, followed by resistance level 2355 where gold breaks the bullish structure, As long as gold remains below the 34 EMA and 89 EMA, the technical outlook for gold prices remains bearish, while if gold breaks below $2,324 it will have room for more downside with the following target level. That's around $2,305 - $2,300 in the short term. A new bearish cycle is expected to open once gold breaks below the original price of $2,300, and the target level is then 2286 and then 2270. Support: 2,324 – 2,305 – 2,300 - 2286 Resistance: 2,340 – 2,355
OANDA:XAUUSD
by TVS-Trader
1
Gold Probes Bearish Trend Line Resistance - Uptrend Resuming?Gold has had a relatively quiet couple of months, carving out a broad range between $2285 and $2425 since the start of April. While there are no imminent signs that the range will break any time soon, the precious metal is turning higher off support to test (and potentially break) near-term bearish trend line resistance. A confirmed break here would tilt the odds toward more gains to approach the June high at $2385 and potentially the all-time record high near $2425 in time. -MW
FOREXCOM:XAUUSD
by FOREXcom
GOLD Finds Support at Key Fibonacci Level, Eyeing Further GainsGold gains traction and trades around $2,321 in the latter half of Thursday, buoyed by a drop in the benchmark 10-year US Treasury bond yield, which fell more than 1% on the day to below 4.3% following disappointing US economic data. This decline in bond yields provides support for XAU/USD. The price action in gold demonstrated a strong rejection from a minor structural level, specifically at the 61.88% Fibonacci retracement level. This rejection was accompanied by a divergence on the H4 timeframe, indicating potential upward momentum as it moved into a demand area or support zone. Our analysis remains consistent with our previous outlook, maintaining a bullish bias and looking for a long setup. From a technical standpoint, this divergence on the H4 timeframe suggests a potential reversal, aligning with our strategy to capitalize on the expected upward movement. The demand area around the 61.88% Fibonacci retracement level has proven to be a significant support zone, reinforcing our confidence in a bullish setup. Moreover, the broader macroeconomic environment supports this bullish perspective on gold. The recent disappointing US economic data has dampened expectations for aggressive monetary tightening by the Federal Reserve. As a result, lower yields tend to make non-yielding assets like gold more attractive to investors. This dynamic is likely to persist in the near term, providing a favorable backdrop for gold prices. Given these technical and fundamental factors, we are poised to take advantage of the anticipated upward movement in gold. Our strategy involves setting up long positions at current levels, targeting further gains as market conditions continue to evolve. This approach is reinforced by the technical signals observed on the H4 timeframe and the supportive macroeconomic backdrop. In summary, gold's current price action, supported by a decline in US Treasury yields and strong technical indicators, presents a compelling case for a bullish setup. As we monitor the market for further developments, our focus remains on capitalizing on this anticipated upward trajectory, maintaining our long positions and adjusting our strategy as needed based on evolving market conditions.
OANDA:XAUUSDLong
by FOREXN1
3
XAU/USD 20 June 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same analysis dated 17 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As per expectation price targeted the weak internal high and printed a bullish iBOS Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Intraday expectation: Price to either react at M15 POI or discount of 50% EQ before targeting weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Sell PositionSomeone asked how I took this position. Let me explain the different reasons: 1. Two Bullish Legs: During the Asia session, XAUUSD formed two bullish legs. This suggested a pullback to the previous pivot level, even if it continues to rise in the London and NY sessions. 2. Bearish Flag Pattern: The trading range resembled a bearish flag, indicating a likely reaction and decline from this resistance zone. 3. Weakening Momentum: In the 5m chart, the three pushes up at the end of the second leg showed signs of weakening momentum, pointing to increased selling pressure. This signaled a high probability of a pullback. These observations combined led me to anticipate a decline, making this position a strategic move based on technical analysis.
FX:XAUUSD
by Sober_Trading
4
XAUUSD:19/6 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: Yesterday, gold technically fell first and then rose, ushering in a strong bull bottoming out and rebounding deep V rebound. The price of the Asian and European sessions was under pressure and fell back to the 2325 mark, and then weakened and further pierced the 2310 mark to reach 2306 and stabilized and rebounded. The price rushed up first in the late trading, and was blocked at the hourly starting point of 2324, and then quickly fell back and fell. Then, it repeatedly oscillated around the 2315-2318 area and formed a strong bottoming out and rebounded to break the high. The daily level continued the long and short yin and yang oscillation cycle rhythm. Judging from the current gold trend, today's support is around 2318-15. If it returns to this position during the day, you can try to go long. The upper pressure is around 2335-2340. Rely on this range to maintain a high-sell and low-buy cycle during the day. SELL:2334 near SL:2342 BUY:2277 near SL:2270 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
XAU - GOING SIDEWARD BUT STILL IN DOWN TRENDGold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims on Thursday, and Friday's flash purchasing managers' indices, all of which offer insights into consumer spending and economic strength. Gold maintains the small frame sideway zone, the price tops create consecutive false breaks 🔴SELL GOLD: 2348 - 2350, SL: 2354 🟢BUY GOLD: 2307 - 2305, SL: 2301 Note: Zone 2300 ⛔️Breakout: 📈 Breakout on: 2326 - 2341 📉 Breakout below: 2312 - 2305 🔼Support: 2305 - 2300 - 2291 - 2286 🔽Resistance: 2330 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
GOLD -cannot return to the 22xx area due to huge buying pressureJohn Williams - President of the New York Fed - stated hobby costs will steadily lower over time, however he refused to mention whilst americaA significant financial institution may begin loosening economic policy. According to the CME FedWatch Tool, investors expect a kind of 67% threat the Fed will reduce hobby costs in September. Lower hobby costs lessen the possibility fee of retaining non-hobby-bearing bullion. Currently, Fed officers are touchy to the difficulty of cooling inflation. Any uncommon symptoms and symptoms from the hard work marketplace will have an effect on the choice to reduce hobby costs on the cease of the year. Investors additionally centered on weekly jobless claims and buying index. Gold costs reduced 6% from the file excessive of 2,449.89 USD/ounce on May 20, specifically stricken by the sturdy USD, excessive hobby costs, and Fed policies. In addition, the Chinese significant financial institution`s suspension of gold purchases in May endured to weigh at the marketplace. However, in its annual survey, the World Gold Council stated that many significant banks are pushing beforehand with gold reserve plans notwithstanding growing treasured metallic costs, in part because of political and macroeconomic instability. . Spot silver fell 0.4% to $29.forty an ounce, platinum fell 0.4% at $968.fifty nine and paladin rose 0.1% to $887.67. Regarding the gas marketplace, Brent crude oil rate elevated 2 cents to 85.35 USD/barrel, at the same time as US WTI crude oil reduced 6 cents to 81.fifty one USD/barrel. Oil costs remained solid withinside the buying and selling consultation on June 19 because the marketplace taken into consideration escalating conflicts in Europe and the Middle East, and involved approximately gas call for after an surprising growth in US crude oil reserves.
TVC:GOLDShort
by Chart_MasterPro
XAUUSD: 18/6 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2328-40, support below 2307-2277 Gold operation suggestions: Yesterday, gold technicals were suppressed and fell in the shock. The price of Asian and European sessions was under pressure at the 2330 mark and fell weakly. The European session fell further downward and broke through the 2320 mark to reach 2315 and stabilized, then rebounded and rebounded. The US session slightly rose and pierced 2327, and was blocked and fell again. Finally, it accelerated downward and pierced 2310. The overall price was under pressure at the 2330 mark and there were multiple suppressions and declines. From the daily trend, we focus on the 2335-2340 suppression of gold. Today, we can focus on the 2310 support. However, the recent focus is on the 2305-2300 support. Recently, the overall gold price is still suppressed below 2340 and fluctuates in the short side. The starting point of the daily level decline last week is also the recent watershed between long and short strengths. Before the daily level breaks through and stands on this position, it will continue to maintain a fluctuating downward trend. SELL:2328 near SL:2331 SELL:2340 near SL:2345 BUY:2277 near SL:2274 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
XAUUSD:17/6 Today's Analysis and StrategyGold prices are showing a downward trend after a sharp rise last Friday and are currently trading around 2318. With a bearish crossover of the moving averages and a bearish signal from the relative strength index (RSI), gold prices are once again facing the test of 2300 and 2277. From a technical analysis perspective, the short-term technical outlook for gold prices is still in favor of the bears. The upside for gold prices is limited by the confluence of the 21-day moving average (SMA) and the 50-day SMA near 2345. The 14-day RSI remains below 50, close to 48.00, while the 21-day SMA crossed the 50-day SMA from above to below at the close of last Friday, forming the so-called "death cross". Gold technical analysis Daily resistance 2340-70, support 2277 Four-hour resistance 2328-40, support 2307-2277 Gold operation suggestions: Today's gold price fell directly from Friday's closing price of 2332. The current lowest price has reached 2314. The key support below is around 2314, which is the current watershed of gold price strength. At present, the overall market is still in the 2310-40 oscillation range. The focus on the upper side is the 2335-40 line suppression. If this high point is reached, short selling can be considered. The recent market focus only needs to pay attention to the breakout of the large range of 2300-2340. SELL:2340 near SL:2345 BUY:2277 near SL:2274
OANDA:XAUUSD
by ActuaryJ
GOLD - The flag pattern appears clearlyBUY GOLD 2312-2313 GOLD in the current European session has also reached its very low zone. Previously, GOLD had formed a weak support zone at this price level. Although it was weak support, in the European session it was clearly quite strong. There is little reason to confirm that gold will break this zone, so you should place full TP/SL, don't abuse leverage, only risk about 1-2% of your total capital. Please. -- Last Sunday, Minneapolis Fed President Neel Kashkari stated that it's far affordable to are expecting that americaA Central Bank will handiest reduce hobby quotes as soon as this year. This announcement had a good sized effect on marketplace psychology. This week, US retail income information, weekly jobless claims and shopping managers` indexes are anticipated to offer similarly clues approximately the course of the Fed's hobby quotes. Although gold expenses have decreased, professionals nonetheless trust that gold is in a good environment. Data launched remaining week confirmed that hard work marketplace and fee pressures are displaying symptoms and symptoms of cooling. Capital monetary marketplace analyst Kyle Rodda stated that information displaying symptoms and symptoms of weak spot withinside the US financial system may want to weaken the USD and growth expectancies of destiny hobby charge cuts. . Precious metals continue to be supported via way of means of hopes that subsequently the Fed will need to pivot its policy. In addition, political instability in France additionally multiplied danger aversion globally, supporting to enhance safe haven call for for the treasured metal.
TVC:GOLDLong
by Chart_MasterPro
XAU/USD 17 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price traded to the downside, however, price was unable to breach and close below weak internal low where we saw a reaction at a H4 demand level. Nonetheless, internal structure remains bearish, therefore, price should technically target weak internal low. Price could potentially continue to trade bullish, react at either premium of 50% EQ or H4 supply level before targeting weak internal low. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Intraday expectation: Price to target weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed a bullish iBOS following US CPI data release 12 June 2024. Price has printed a bearish CHoCH indicating, but not confirming bearish pullback initiation following bullish iBOS. Price has reacted from H4 POI and continued bullish to target weak internal high, however, price was unable to breach and close above weak internal high reacting at an M15 POI. Intraday expectation: Price to target weak internal high. Price could target more liquidity by trading down to nested H4 and M15 POI's before targeting weak internal high. Alternative scenario is price could target strong internal low as H4 internal structure is bearish. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - GOLD Zone 2322 rebounded💵GOLD PRICE AND ECONOMIC INFORMATION Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while producer prices unexpectedly declined. Analysis: Gold is currently stuck in the price range Current gold range: 2340 - 2295 Between the 2 EMAs of frame D. Large frame H4 shows a clear selling trend 🔴SELL GOLD: 2340 - 2342, SL: 2346 🟢BUY GOLD: 2307 - 2305, SL: 2301 ⛔️Breakout: 📈 Breakout on: 2340 📉 Breakout below: 2312 🔼Support: 2312 - 2305 - 2291 - 2286 - 2280- 2274 🔽Resistance: 2338 - 2340 - 2350 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold prices rebounded due to unfavorable news for the dollarGold rate remaining week began out the primary buying and selling consultation at 2,293.70 USD/ounce. During Sunday night buying and selling, spot gold surpassed $2,three hundred an oz. approximately hours earlier than North American markets opened and that degree held in the course of the relaxation of the week. After that, gold costs reduced slightly, to approximately 15 USD/ounce because the marketplace waited for americaA purchaser inflation file and the FOMC`s hobby fee announcement, up to date monetary forecasts and the clicking convention of FED Chairman - Mr. Jerome Powell on Wednesday. The US CPI file brought on the marketplace to interrupt out of sideways buying and selling, pushing spot gold from $2,313/ounce to a excessive of $2,336.72/ounce. By the time the FED introduced that they might preserve hobby charges unchanged, costs had lower back to $2,326/ounce and see gold endured to be offered off because the marketplace absorbed the FED Chairman's "hawkish" stance. By Thursday, spot gold had over again slipped to help levels. However, the treasured steel has considering that visible a strong healing. By Friday morning, gold costs over again increased, remaining the buying and selling week at 2,332 USD/ounce. After a protracted slide, global gold costs recorded a sturdy healing week. This is inflicting many specialists to make pretty superb forecasts approximately the short-time period possibilities of treasured metals. James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold costs to upward thrust subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for longer-time period help. Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management - said: "I am positive approximately gold subsequent week. It looks like gold is prepared for a technical healing." In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are notably extra positive approximately the short-time period possibilities of treasured metals. eight specialists (accounting for 62%) assume gold costs to upward thrust better subsequent week. Only analysts (or 15%) are expecting costs will decline. The closing 3 people (equal to 23%) assume gold to alternate sideways subsequent week. Meanwhile, 216 votes had been solid in Kitco's on line poll. Of these, 117 traders (equal to 54%) are expecting gold costs will growth subsequent week. Another forty nine people (equal to 23%) are expecting treasured metals will lower in rate. While 50 people (equal to the closing 23%) forecast that gold costs may be flat subsequent week.
TVC:GOLD
by Chart_MasterPro
Gold shows a strong upward trend during the weekLast night, whoever accompanied me additionally shared very honestly approximately Gold`s Plan. With the cutting-edge Rhythm, Gold is absolutely at the promoting side. Like I stated remaining night. If this morning Gold will increase strongly thru the length 2335>2336, it's far possibly that Gold will growth 234x. And if Gold can not byskip the 3x stage, I will promote in keeping with Ma89 in Frame H4 and the Ma D1 Trend Plan is reporting a decrease. >Sell Gold order from fee 33 remaining week of Smooth nonetheless holds. Today, all buyers can discuss with this Plan to change. > Canh Sell Gold 2326>2329 SL 2332 TP2320>2214 Buy Gold Below the vintage accumulation area 2306>2309 SL 2303 TP 2316>232x This is my advice from my perspective, and buyers can observe the fashion to change more 👌👌
TVC:GOLDLong
by TheLeader_WOLF