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Gold pullback - trading entry for todayGold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of 2,four hundred USD/ounce and probable better. The deceleration and consolidation in advance of this degree indicates bullish hobby in in addition growth. According to this view, the chance of gold charges will upward push better withinside the close to destiny primarily based totally on marketplace expectancies that americaA Federal Reserve (Fed) will reduce hobby prices. CME`s Fedwatch device indicates hobby prices will fall in September and will fall in addition in November and December, which might gain gold. This week, marketplace interest is targeted on Fed Chairman Jerome Powell's congressional testimony, feedback from numerous Fed officers and US inflation data. According to senior analyst Matt Simpson City Index, a vulnerable inflation record coupled with Mr. Powell's dovish tone can be the correct catalyst for gold to attain new highs. Short-time period stages to consider: Resistance stages: 2400, 2422 Critical assist degree: 2350 In summary, gold's short-time period outlook is positive, primarily based totally on strong technical elements along with a long-time period uptrend, supported with the aid of using EMA and a growing fee channel. If gold charges keep above the $2,350/ounce assist degree, there may be a excessive opportunity that the fee will hold to upward push and head in the direction of the $2,four hundred/ounce resistance degree or better. However, buyers have to observe that the gold marketplace continues to be substantially stimulated with the aid of using macroeconomic elements and geopolitical occasions that would opposite modern-day moves.
TVC:GOLDLong
by Chart_MasterPro
XAU/USD 09 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued bullish and printed a bullish iBOS aligning itself with swing structure. Price has evidently begun to pullback following bullish iBOS without mitigating daily supply zone which would question if price has the liquidity to 'fuel' it's drive down. It would be prudent to stand aside and allow price to confirm it's intention. Intraday expectation: According to current price action, price to pullback to either discount of 50% EQ of the internal structure (50% EQ denoted in blue) or H4 demand zone before targeting weak internal high. However, I would personally stand aside and allow price to confirm it's intention. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a further bearish iBOS Technically we are currently trading within an internal high and fractal low with the bullish CHOCH positioned close to the internal high, however, as price has reached premium of 50% EQ I am happy to label the fractal low as an internal low as bullish CHoCH is positioned close the the internal high. Intraday expectation: Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD continues its downtrend waiting for information from the 💵💵💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose above $2,360 per ounce on Tuesday, recouping some losses from the previous session as investors turn their attention to Fed Chair Powell's semi-annual testimony before Congress. Last week's figures showed a softening labor market in the US, with the unemployment rate reaching a two-and-a-half-year high and wage growth falling to a three-year low, indicating impending early interest rate cuts by the US central bank. Currently, markets are pricing in a 77% probability of the Fed reducing interest rates in September, with another cut expected in December. Powell's testimony before the Senate today and the House on Wednesday will offer investors clearer signals on the future direction of the Fed's interest rate path. Investors also anticipate key upcoming inflation figures set to be released on Thursday. Elsewhere, traders are monitoring geopolitical developments in the Middle East amid prospects of a ceasefire deal between Israel and Hamas.. 🔴SELL GOLD: 2370 - 2372, SL: 2376 🟢BUY GOLD: 2343 - 2341, SL: 2337 ⛔️Breakout: top border 2370 -2378 - below 2350 - 2342 🔼Support: 2351 -2342 - 2335 🔽Resistance: 2370 -2378 - 2385 - 2395 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda
Gold price edges lower as PBoC keeps Gold buying on hold☘️Fundamental analysis Gold prices attracted some selling during early European trading on Monday. Gold lost momentum as the People's Bank of China (PBoC), China's central bank, kept its gold purchases unchanged for the second month of June, according to official data released on Sunday. It should be noted that China is the world's largest consumer of gold bars, and a pause in gold purchases could affect gold prices. On the other hand, growing speculation that the US Federal Reserve (Fed) will cut interest rates in the third quarter could push up unprofitable gold prices. Furthermore, political instability in France after voter opinion polls showed the final round of voting in the French parliamentary election pointed to a hung parliament, which could spur Safe haven assets like Gold. Traders will pay closer attention to Fed Chairman Jerome Powell, who will testify on Tuesday ahead of June US Consumer Price Index (CPI) inflation data on Thursday. ☘️Technical analysis Gold price decreased slightly during the day. Technically, the yellow metal maintains a bullish bias on the daily chart as it holds above the 34 EMA and 89 EMA. The precious metal maintains a breakout above the formed descending trend channel formed on May 10. RSI reacts at the 50 zone, signaling that gold will still maintain its upward momentum today. The first upside barrier for XAU/USD will appear at the psychological $2,400 level after overcoming Friday's peak around 2392. On the downside, support for the yellow metal lies at $2,370, a break out of a key multi-day high. Support: 2378 -2370 - 2364 - 2360 Resistance: 2385 -2393 - 2400 SELL price range 2398 - 2400 Stoploss 2403 BUY price range 2370 - 2368 Stoploss 2365
OANDA:XAUUSD
by TVS-Trader
XAUUSD: Possible Early Price Mitigation! Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like our ideas then please like, comment and follow us which will encourage us to bring more educational ideas** Team SetupsFX_
OANDA:XAUUSDLong
by Setupsfx_
6
XAUUSD: As explained in our previous ideas! Time to Buy! Dear Traders, As we had explained in our previous chart analysis on Gold, price did exactly the way we expected. Now we can take swing buy entry, however, would advise you to wait until London session open on Monday. Enter with accurate risk management. **Good Luck and if you like our ideas then please do like and comment the ideas; also follow us which will encourage us to bring more educational ideas like this.**
OANDA:XAUUSDLong
by Setupsfx_
37
Nice Entry Point In SilverSilver spot price remains in an uptrend, and has broken out of a bull flag pattern. Bullish crossover on MACD coincides with breakout from the bull flag. Fundamentals support the case for higher silver spot price in the long term: stubbornly high inflation, large fiscal deficits, weakness in regional banks and commercial real estate (Fed will need to ease to avert financial crisis), as well as 4 years straight of deficits in physical metal. This post does not constitute financial advice. COMEX:SI1!
COMEX:SI1!Long
by smartsilverstacker
GOLD to find buyers at 61.8% pullback?Gold - 24h expiry Buying continued from the 61.8% pullback level of 2372.6. Yesterday's Marabuzo is located at 2374. Preferred trade is to buy on dips. Dip buying offers good risk/reward. Price action continues to trade around significant highs. We look to Buy at 2373.5 (stop at 2361.5) Our profit targets will be 2403.5 and 2410.5 Resistance: 2392.9 / 2398.5 / 2415.0 Support: 2380.8 / 2370.0 / 2355.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
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
OANDA:XAUUSDLong
by Nova-Scalper
2
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Before we start, remember, the trade comes after the event, let them move the price to where they want and then look for a set up to get in. We’ve highlighted the key levels this time with the potential path due to the range being so big, and yes, we’re still in the range believe it or not! So, for that reason, we have the extreme level of support below 2340-45 and below that 2335 which is also our bias level. If targeted and held, a bounce here could be on the cards with a move to continue upside and higher up. This is a key level, if broken, we complete the move downside again more likely to target the 2320 region, so please play caution. Our ideal scenario here is for them to take the price upside, first level of importance 2380-85 which needs to break for us to go higher and target the 2400 level which will then give us the extreme level 2405-10 which is where we feel the stretch can go and that’s where the ideal short will come from, most probably next week. It’s a difficult one to navigate but the range is still in play and the extreme levels are worth taking note if there is huge volume and a curve ball. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
2
EURUSD July 4 analysisEUR/USD surged and rose above 1.0810 to touch its highest since June 12 on Wednesday. The pair remained in consolidation near 1.0800 early Thursday. Disappointing macroeconomic data from the United States triggered a sell-off in the US Dollar (USD) during US trading hours on Wednesday and gave the EUR/USD pair a boost. EUR/USD rose above 1.0800 on Wednesday, where the 100-day and 50-day Simple Moving Averages (SMA) converged, but failed to make a daily close above this level. Once 1.0800 is confirmed as support, technical buyers may remain interested. In this scenario, 1.0840 (23.6% Fibonacci retracement level of the latest uptrend) can be considered as temporary resistance before 1.0900 (psychological level, static level). In case 1.0800 remains resistance, 1.0760 (50% Fibonacci retracement) and 1.0730-1.0740 (61.8% Fibonacci retracement, 20-day SMA) can be considered Support level. Trading signals SELL EURUSD zone 1.08450-1.08650 ↠  Stoploss 1.08800 → Take Profit 1 1.08000 → Take Profit 2 1.07400 BUY EURUSD zone 1.07600-1.07400 ↠  Stoploss 1.07300 → Take Profit 1 1.08000 → Take Profit 2 1.08600
by TVS-Trader
4
Gold weakened at the beginning of the weekGold prices started the new week at a mild level and fluctuated within a range below multi-day peaks. Important US inflation data reaffirms market expectations that the Federal Reserve (Fed) may cut interest rates in September and again in December. This, in turn, will pull the Dollar The US dollar (USD) is off the peak reached last week and this is the main factor acting as support for the commodity. Persistent geopolitical tensions and uncertainty about the final outcome of France's shock election have provided some support for safe-haven Gold prices. Meanwhile, the Fed is expected to cut interest rates only once in 2024, while officials still argue in favor of keeping rates higher for longer. This lifted US Treasury yields to multi-week highs and capped the yellow metal's yield. Gold is still trading between the EMA 34 and EMA 89 of the h4 frame, showing that gold is hesitant around the 2320-2330 border. A sustained strength beyond this narrow price band has the potential to push Gold prices back to the 2344-2345 resistance area, which if overcome, would allow buyers to reclaim the $2,355 break out mark. Momentum could extend further to reclaim the 2400 key mark once last month's peak resistance of 2385 was broken. On the downside, any slippage from the tight range is likely to find some support near 2310. A convincing break below that threshold would be seen as a fresh trigger for bearish traders and pull prices. Gold down to 2295. The round support area of ​​2300 has almost no meaning anymore to support gold price. Support: 2310-2295 Resistance: 2344-2355 Trading signals SELL GOLD 2355-2357 SL 2360 BUY GOLD 2295-2293 SL 2290
OANDA:XAUUSD
by TVS-Trader
Gold prices fluctuate around a two-week peak☘️Fundamental analysis Firm expectations that the Federal Reserve (Fed) will cut interest rates in September, supported by recent weaker US macroeconomic data, dragged the US Dollar (USD) to lows strongest in more than three weeks and is said to be beneficial for the non-yielding yellow metal. Additionally, persistent geopolitical tensions, coupled with political instability in the United States and Europe, turned out to be another factor driving flows into safe-haven commodities. Traders may also refrain from placing aggressive bets and prefer to wait for the release of monthly US employment details. The widely known Nonfarm Payrolls (NFP) report will influence market expectations about the Fed's future policy decisions. ☘️Technical analysis After a strong breakout from the 2340 resistance zone, gold is being supported by buyers. Gold is approaching the next resistance zone around 2365. Some follow-through buy orders above the $2,365 area will reaffirm the prospect of regaining the $2,400 mark. On the other hand, weakness back to the 2340 zone support, could be seen as a buying opportunity. Next is the support level near the $2,319-2,318 area, which if broken decisively could cause the Gold price to weaken further below the $2,310 mark. Support: 2349-2339-2319 Resistance: 2365-2370-2385 SELL 2365-2367 stoploss 2370 SELL 2385-2387 stoploss 2390 BUY 2339-2337 stoploss 2334 BUY 2319-2317 Stoploss 2314
OANDA:XAUUSD
by TVS-Trader
Gold Eyes $2,320 as Bearish Pressure IntensifiesGiven the bearish setup in the gold chart, the likely target for bears can be identified by examining previous support levels and key Fibonacci retracement levels. Here are the key targets and levels to watch: First Support Level: $2,320 - This level has provided support in the past and is the nearest potential target for bears. A break below this level could confirm further bearish momentum. Second Support Level: $2,280 - This is another significant support level that has acted as a floor in previous price actions. Bears would likely target this level if the first support is broken. Key Fibonacci Retracement Level: $2,260 - This level is around the 50% Fibonacci retracement of the recent rally from the last significant low. It serves as a psychological and technical target for further bearish moves. Major Support Level: $2,200 - This is a strong support level and a critical psychological threshold. If gold prices fall to this level, it would represent a significant bearish move, potentially prompting strong buying interest or further declines depending on market sentiment. In summary, the likely targets for bears in the near term would be $2,320, $2,280, and $2,260, with a major bearish target around $2,200 if the downward pressure continues. Traders should monitor these levels closely for potential buying opportunities or further declines.
TVC:GOLDShort
by blacklegend55
XAU/USD 05 June 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterdays analysis dated 04 June 2024 -> Swing: Bullish. -> Internal: Bearish. Price has continued bullish indicating that bullish pullback phase is incomplete. Internal structure remains bearish until strong internal high is taken out. Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price printed as per yesterday's intraday expectation and printed a further bullish iBOS where price targeted the weak internal high. Bearish CHoCH has been printed which indicates bearish pullback initiation. Intraday expectation: Internal structure is bullish, therefore, price to react at either discount zone of 50% EQ or M15 demand zone before targeting weak internal high. Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase and we are showing reaction from H4 supply zone. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 1/7 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340, support below 2315-2277 Gold operation suggestions: From the analysis of the 4-hour line, today's support below is around 2315, and the upper short-term pressure is around 2335-40. First, sell high and buy low in this range. In the short term, the gold price is likely to continue to fluctuate widely. SELL:2340near SL:2343 BUY:2315near SL:2312 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
3
GOLD - rising after weak economic data🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the opportunity of loosening economic coverage this 12 months and that may be a high-quality sign for gold. Data launched withinside the center of this week confirmed that the wide variety of packages for unemployment advantages multiplied, the wide variety of jobs withinside the personal quarter multiplied through most effective 150,000, tons decrease than forecast. 🟢Currently, the marketplace is watching for non-farm payroll statistics. This file can have a massive effect on gold expenses withinside the future. If gold falls after the file, traders have to see it as a shopping for possibility because the treasured metallic is on an uptrend and will reach $2,four hundred an oz. or greater pushed through sturdy demand. from principal banks and shelter-in-location shopping for because of issues approximately geopolitical tensions.
TVC:GOLDLong
by Chart_MasterPro
GBPUSD July 4 analysisGBP/USD hovers around 1.2750 on UK election day GBP/USD is trading sideways near 1.2750 during the European session on Thursday. A generally weaker US dollar helped the pair maintain its upward momentum but traders did not place further bets on the British Pound as British voters went to the polls. The Relative Strength Index (RSI) on the 4-hour chart has risen above 60, reflecting accumulating bullish momentum. Additionally, the last 4-hour candle closed above the 100-period Simple Moving Average. On the positive side, the 20-day Simple Moving Average (SMA) and 200-period Simple Moving Average (SMA) on the 4-hour chart form strong resistance near 1.2700. In case GBP/USD rises above this level and begins to use it as support, technical buyers may remain interested. In this scenario, 1.2750 (static level) and 1.2800 (static level, psychological level) can be considered as the next resistance. If GBP/USD fails to break above 1.2700, it could trigger a technical correction. The 100-day SMA links to key support at 1.2640 ahead of 1.2600 (psychological level, static level). Trading signals BUY GBPUSD zone 1.27000-1.26800 ↠  Stoploss 1.06700 → Take Profit 1 1.27500 → Take Profit 2 1.28000 SELL GBPUSD zone 1.28000-1.28200 ↠  Stoploss 1.28300 → Take Profit 1 1.27700 → Take Profit 2 1.27000
by TVS-Trader
1
Gold trades with caution above $2,350, as focus shifts to US NFP☘️Fundamental analysis Gold prices reversed initial gains to trade cautiously above $2,350 on Thursday. The continued weakness of the US dollar coupled with sluggish US Treasury yields kept gold prices restrained amid market weakness due to the US Fourth of July holiday. Gold prices traded with a slight positive trend during early European trading hours on Thursday. Gold's trading range today is relatively narrow because today is a bank holiday. Traders also seem reluctant and prefer to wait for the release of monthly employment details from the US Nonfarm Payrolls (NFP) report on Friday before positioning for the next move. a move in direction. Meanwhile, the downside for gold prices appears to have eased following solid expectations that the Federal Reserve (Fed) will begin an interest rate cutting cycle later this year. Weaker US macroeconomic data released on Wednesday pointed to signs of weakness in the labor market and a weakening economy. Furthermore, the most recent FOMC meeting minutes showed that the majority of policymakers said US economic growth was gradually cooling. This led to an overnight drop in US Treasury yields and dragged the US dollar (USD) to a three-week low, which could further support gold. ☘️Technical analysis From a technical perspective, the strong breakout above the 2333 and 2344 resistance zones has pushed gold back to its 3-week high around 2365. Daily chart oscillators have begun to gain positive traction. , favoring bullish traders. 2365 Resistance Broken Some follow-through buying and sustained strength above the $2,385 area would reaffirm the prospect of a return to 2400 circular resistance. On the other hand, gold's ability to turn around is lower. The first key support zone is the break out zone of 2344. The next relevant support level is anchored near the 2333 zone, which if broken, could leave Gold prices vulnerable to further weakness below the most important mark of 2319. gold Closing candles below the 2319 area is not allowed if you want to continue your uptrend. Support: 2350 - 2344 - 2333 - 2320 Resistance: 2368 - 2385 - 2400 SELL price range 2385 - 2387 stoploss 2395 BUY price range 2345 - 2343 stoploss 2340 BUY price range 2335- 2333 stoploss 2330
OANDA:XAUUSD
by TVS-Trader
XAU continues to increase - break $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) marginally increased during Thursday's Asian session, but didn't surpass the near two-week high reached previously. The strong global equity market is hindering the safe-haven metal during the US Independence Day holiday. Traders are awaiting Friday's US Nonfarm Payrolls (NFP) report before making further investment decisions. ⭐️ Personal comments NOVA: Gold price after breaking 2350 from the sideway zone 2310 - 2350, the Uptrend prevails, the Bulls prevail. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2349 - $2347 SL $2342 TP1: $2355 TP2: $2368 TP3: $2380 🔥BUY GOLD zone: $2337 - $2335 SL $2330 TP1: $2345 TP2: $2352 TP3: $2360 ⭐️ 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
OANDA:XAUUSDLong
by Nova-Scalper
2