gold market for todayI replace Gold`s waves and conduct as much as the existing time for all of us to observe. My evaluation of psychology and conduct stays similar to yesterday. As for the maximum current Buy timing fee, I am presently observing. Focus on 2 fee degrees with values 01-03 and 93-95. For those 2 fee degrees, I additionally recall plenty among optimization (lacking orders and small SL). (Maximum SL is round 89.5, minimal is round 89.5). degree 92). Because this region is pretty large, dividing it into every region for timing and tightly dealing with orders in excessive zones is a solution (transient SL and control whilst the fee runs). For the expenses I offer, I fee the extent of being capable of control orders pretty excessive (reaction), however, for the impulse wave to attain the tager relies upon at the real marketplace information taking place. Every setup we've got We have to observe control rules.
Goldprice
XAU/USD 22 May 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 21 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS, expectation is for price to pullback.
I previously commented that price to continue bullish and react at nested Daily and H4 supply levels, which price did.
However, price has continued bullish creating all-time-highs.
Price is showing very early signs of pullback, however, as yet we have no indication or confirmation.
First indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line.
Intraday expectation: Scenario one: Price to continue bullish, create new high which would bring CHoCH closer to recent price action.
Scenario two: As mentioned above, price is showing very early signs of pullback, however, as yet, we have no indication or confirmation, therefore, price to continue bearish, print bearish CHoCH to indicate pullback initiation. Price to then react at either discount of 50% EQ or H4 demand levels before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bearish iBOS (Internal break of structure).
After iBOS price is expected to pull back.
First indication, but not confirmation of pullback initiation is for price to print a bullish CHoCH. Price has printed a bullish CHoCH which is denoted with a blue dotted line.
Yesterday's intraday expectation was for price to continue bullish. React at either premium of 50% EQ or M15 POI both of which are positioned closely before targeting weak internal low which was, and still remains denoted with a blue dashed line.
Price printed as expected but did not manage to breach and close below weak internal low.
Intraday expectation: Price to target weak internal low.
M15 Chart:
Gold price trend analysis and plan on the 13th
There wasn't a lot of good news over the weekend that prompted gold to rise sharply this week. On the contrary, gold continued to fall on Monday because of gold's surge. Perhaps this is good news for bears. The trend of the chart then saw a sharp correction due to the digestion of the news, and the current position is oscillating around 2343. Put aside the impact of news. The current support of the trend is also located near here. I personally think that 2330-2335 is a suitable buying range. Pay attention to controlling risks during operation.
GOLD continue to maintain growth in the short term#GOLD: Gold rate the day before today went as predicted while it examined the 2410 region after which extended again. Observing at the H4 body after you may see a bullish candlestick sample after the doj candle round 2416. The situation suggests that GOLD is predicted to preserve to growth withinside the brief time period so that you can recall shopping for up. with GOLD consultation today. Target is again as much as 2430-2440
GOLD Ready to create new peaks at any time💥GOLD information
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 bars rose 1.1%, reaching $2,450/oz early in the European 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.
Geopolitical risks in Russia and the Middle East continue to return after a Ukrainian drone attacked a small Russian oil refinery, causing the plant's operations to stall. At the same time, an oil tanker en route to China was attacked by Houthi missiles in the Red Sea on Saturday. Precious metals are one of the assets that often benefit from the need to find a safe haven during such unrest.
The 2450 resistance level may hold today as the profit-taking mentality of some short-term investors will push gold back to around 2420. That is a short-term vision, but in the long term, the 2450 resistance area may not be. Must be an all-time high for a long time and broken soon for gold to head towards 2500.
💥GOLD plan
SELL price range 2453 - 2455 stop 2459
BUY price range 2420 - 2422 stop 2386
Gold Continues Higher . . . Look for Small PullbackWhere are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
Gold prices simultaneously increased sharply💎XAUUSD Analysis💎
🔸Yesterday`s gold charge passed the antique top of 2430 and right away after that withinside the afternoon consultation, there has been a correction. However, withinside the nighttime consultation, the marketplace reacted and the gold charge multiplied again, presently positioned withinside the top place across the 2430 threshold. Observing at the H1 frame, it is able to be visible that withinside the brief term, the gold charge suggests symptoms and symptoms of peaking. New round this charge range. Therefore, in present day consultation, gold charge may also modify barely to retest the 2410 place. In this charge place, gold charge may hold a positive upward pressure. Therefore, it's miles probably that there could be a recuperation response from this assist place. You can bear in mind promoting gold in present day consultation and ready to shop for round 2410.
⚜️BUY LIMIT XAUUSD ⚜️
👉ENTRY 2410
🔺SL 2400
❇️TP1 2417
❇️TP2 2423
❇️TP3 2430
SELL LIMIT 2450-2455
TP 2430-2425
Golden Opportunity: Fed Rate-Cut Bets Drive Gold Near Record HigGold prices are hovering near all-time highs, fueled by a growing belief among investors that the Federal Reserve will cut interest rates later this year. This optimism comes despite mixed economic signals from the US, with concerns about inflation still lingering.
Record-Breaking Rally
Gold recently reached a fresh intraday record, surpassing the previous high set in April 2024. This surge is attributed to a significant increase in investor demand for the precious metal. The allure of gold stems from its traditional role as a safe-haven asset during times of economic uncertainty. In periods of potential inflation or economic slowdown, investors often flock to gold as a hedge against decreasing purchasing power of traditional currencies.
Fed Rate Cuts: A Catalyst for Gold
The primary driver for the recent gold price increase is the growing anticipation of a policy shift by the Federal Reserve. The Fed has been raising interest rates throughout 2024 to combat inflation. However, recent economic data has shown signs of a potential slowdown. This has led some investors to believe that the Fed may soon pivot and start lowering interest rates.
Lower Rates, Higher Gold Prices
Interest rates and gold prices typically have an inverse relationship. When interest rates rise, the opportunity cost of holding non-interest-bearing assets like gold increases, making them less attractive to investors. Conversely, when interest rates fall, gold becomes a more appealing investment option. This dynamic is playing out in the current market, with the prospect of lower interest rates driving investors towards gold.
Beyond Rate Cuts: Supporting Factors
While the Fed's monetary policy is the primary driver, other factors are also contributing to gold's strength. Geopolitical tensions across the globe continue to serve as a source of unease for investors, further bolstering the demand for safe-haven assets like gold. Additionally, robust demand for physical gold from major consumers like China and India is providing additional support to prices.
Mixed Signals from the US Economy
The US economic picture remains somewhat unclear. While recent data suggests a potential slowdown, inflation concerns haven't entirely abated. The Fed has indicated its commitment to bringing inflation under control, leaving investors to navigate a complex economic environment.
Gold's Long-Term Prospects
The future trajectory of gold prices hinges heavily on the decisions of the Federal Reserve. If the Fed does indeed pivot towards rate cuts, gold prices could continue their upward climb. However, if inflation remains stubbornly high, the Fed may need to maintain its hawkish stance, potentially putting downward pressure on gold.
Investor Considerations
The current market situation presents both opportunities and challenges for investors. The potential for a Fed policy shift makes gold an attractive proposition. However, the uncertainty surrounding the US economy and future inflation levels necessitates careful consideration before investing.
Diversification is Key
Gold can be a valuable addition to a diversified investment portfolio. However, it's crucial not to overexpose oneself to a single asset class. Investors should consider their risk tolerance and overall investment goals when deciding whether to invest in gold.
Conclusion
Gold's recent surge highlights its enduring appeal as a safe-haven asset. With the Fed's policy decisions looming large, gold prices are likely to remain in focus in the coming months. Whether it continues its record-breaking rally or experiences a correction depends heavily on the trajectory of the US economy and the Federal Reserve's response.
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 – 2,430USD
GOLD - What is the current trend for gold ?World gold rate multiplied through 26 USD, placing a brand new file at 2,437 USD/ounce, at one factor accomplishing the very best degree of 2,439 USD/ounce. The purpose why gold fees multiplied past 2,four hundred USD/ounce become the declaration through US Federal Reserve Chairman Jerome Powell and monetary statistics confirming that hobby prices will now no longer boom anymore and the Fed might also additionally will quickly loosen financial coverage this year. Gold`s latest healing has additionally been pushed through robust call for from significant banks. According to latest reports, now no longer simplest China and Türkiye however additionally Middle Eastern nations are growing gold purchases.
This week, the marketplace awaits critical statistics together with US present domestic sales, Open Market Committee (FOMC) mins from the April and May financial coverage meeting; S&P Flash production and offerings PMI; weekly unemployment claims; US new domestic sales; long lasting items orders.
GOLD - Long trade idea ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fill the imbalance and then rejects from trendline.
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Buy at the current gold price. Waiting for the rise MCX:GOLD1! COMEX:GC1! TVC:GOLD
2313-2315 buy gold. Combined with MA5 cross support. The MA support of the large cycle below. as an upward trend driver. Target 2321-2328
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Because we will be the ultimate winner!
stay tuned. Avoid missing out on the latest trading opportunities.
Ultra-short-term gold buy. The increase is about 6-10 US dollars
Friends who like to trade gold can add long orders for gold. There is room for an increase of about 6-10 US dollars.
The MA 30-minute chart shows that gold is about to form an inverted triangle. It is a good choice to rely on the support below to go long in the short term.
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
XAUUSD: 16/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2400, support below is 2373-35
Four-hour resistance is 2400, support below is 2384-73
Gold operation advice: Yesterday, gold relied on the 2350 mark to continue the strong bullish fluctuations and rose, and finally broke through and surged. After the opening of the Asian and European markets, the bulls fluctuated upwards and strengthened. Before the US market, the gold price dipped for the second time and stabilized at the 2358 mark. Under the influence of bullish CPI data, the gold price quickly It surged above 2378 and suppressed the fall. Afterwards, the gold price dipped for the second time and stabilized again at the 2351 mark, ushering in a strong bullish straight-line breakthrough, and finally closed above 2390. The daily level continued to be strong, maintaining the unilateral upward rhythm of the bulls.
Judging from the current trend, today's lower support will focus on the hourly top-bottom transition position around 2384-73. If you step back during the day, you will rely on this position to continue to follow the trend. The bullish trend remains unchanged. The strong dividing line for short-term bulls will focus on the 2373 mark. When the daily level stabilizes above this position, the strong bullish rising rhythm will still be maintained. The main focus is to continue to buy at low prices to participate after stepping back.
BUY:2384near SL:2380
BUY:2373near SL:2370
Technical analysis only provides trading direction!
GOLD - in the long term is still bullishThe US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%.
Mr. Jim Wyckoff, senior analyst at Kitco Metals, stated that the gold marketplace is witnessing a few ordinary profit-taking strain after latest gains, whilst a mild growth withinside the USD index additionally contributed to extended strain. that force.
However, Fitch Solutions` BMI evaluation unit stated that a weaker USD, falling US authorities bond yields in addition to extended geopolitical tensions supported gold final week. This unit nonetheless expects gold fees to hold above 2,250 USD/ounce withinside the coming months...
Buy gold price near 2320. Target position short-term 2346 first
Geopolitics is once again dominating the news. Gold is strengthening again, viewed in conjunction with the golden ratio. The buys that can maintain this position are the main ones. Buy gold price near 2320. Target position short-term 2346 first line
In the past, you always failed when trading alone.
But everything will change after you follow me.
Because we will be the ultimate winner!
Is it time to sell gold? I don't think so.
Gold price analysis:
Current short-term trend: Up.
News: Good news for gold
Technical Indicators: MA shows bullish trend
Short term pattern: triangle consolidation
Breakthrough direction: Up
Support: 2366-2262
Pressure: 2397-2404
In the short term, low buying is still the main trend!
The above gold prices are based on the real-time prices on TradingView.
Reference products: MCX:GOLD1! TVC:GOLD OANDA:XAUUSD COMEX:GC1!
Gold prices are about to cause a sharp correction. Be prepared t
Gold prices are about to cause a sharp correction. Be prepared to sell high
Gold's rise. I'm actually not surprised. Friends who follow me know that I have been bullish on gold since last week, as mentioned in my previous views. Gold is like a very strong bull
There are several reasons:
First, to put it simply, it is the rising risk aversion sentiment in the market. War sentiment in the Gaza Strip has intensified due to geopolitics. Although there is an armistice agreement. But some people disagree. People pursue self-preservation. To combat inflation, choose to buy or hold gold. as a hedging tool. That is, the market demand for gold is growing. This is the dominant factor in the holidays
Second, in the case of currency devaluation. There are no more people in the market willing to hold currency. More money needs to be paid to buy goods. Emotionally unwilling to continue holding currency. Instead, he turned his attention to gold coins, which have been the currency since ancient times. Demand is rising again.
Third, the market environment. Bulls continue to show an offensive trend.
Combining the above three points is the subsequent impact of holiday news. Because the market is closed, it is not shown on the market. But once the market opens. These factors will be reflected on the chart through candlestick charts. So I'm not surprised. And I think now is a good time to sell gold.
The technical indicator MA indicates that the market is still in a strong upward trend. 1 hour chart or 4 hour chart. The bullish trend is diverging. But there is still a correction of at least $10-20. Look at the short-term 30-minute trend. Small support exists below the market at 2245. However, the market has entered an over-rising stage, and the technical correction position is at 2220. With prices currently hovering around 2260, I think this is a good time to sell.
I personally sell gold at the position of 2261, stop loss at 2270, and take profit at 2253. First, I will target the short-term pullback and take profit.
It’s not like you just make a deal and it’s no longer ongoing. Instead, it is about continuing to accumulate profits. Remember to control trading risks and do not sell all positions. Control the reasonable selling quantity through the balance to conduct reasonable transactions.
Taurus will continue to lead gold higher. tp2216
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large.
The U.S. dollar also surged higher but fell back, providing good support for gold prices.
A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low.
Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference.
Buy gold at the price of 2206-2207 and hold it until it rises.
sl2198
tp2166
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