Gold will increase this week ? Wall Street analysts expressed optimism. Specifically, expectations are up 62%, down 15% and flat 23%. In addition, according to Kitco's online survey, it is predicted that gold price will increase by 54%, decrease by 23%, and move sideways by 23%.
Marc Chandler, General Director of Bannockburn Global Forex, said gold prices increased, breaking a 3-week losing streak, in the context of political instability in Europe and sharply falling interest rates. Gold prices recovered after the US jobs report and the Central Bank of China did not buy gold reserves.
Adrian Day, Chairman of Adrian Day Asset Management, said gold prices are recovering after last week's selling amid more balanced US economic news, weak inflation data and high unemployment claims. more , both are supported for interest rate cuts.
Colin Cieszynski, market strategist at SIA Wealth Management, said gold prices are now poised for a technical bounce from support.
💵 OANDA:XAUUSD SELL 2353 - 2356💵
✔️ TP 2343
✔️ TP 2333
❌ SL 2363
💵 OANDA:XAUUSD BUY 2314 - 2317💵
✔️ TP 2330
✔️ TP 2345
❌ SL 2308
Tradingsignals
GOLD Next week expectation #XAUUSD Next week..!
This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area.
If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 - 2376.00 level.
GOLD Next week expectation #XAUUSD Next week..!
This week gold reached the resistance zone 2238.00 - 2241.00 area. And pull back to 2295.00 level. Already pullback with the trend line and i Expect gold will be ready to retest the 2281.00 -2286.00 support area.
If unfortunately broke the current resistance I expected the price will make a bullish movement and will reach for 2368.00 - 2376.00 level.
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
GoldViewFX
GOLD 4H CHART ROUTE MAP FOR THE WEEK AHEADHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels 2336 resistance and 2307 Goldturn support. We will need to see a test and lock on either levels to open the next range.
We will need to see ema5 lock above 2336 to open the range above or a rejection before this will follow to find support at the retracement range. A further cross and lock below 2307 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.
BULLISH TARGETS
2336
EMA5 CROSS AND LOCK ABOVE 2336 WILL OPEN THE FOLLOWING BULLISH TARGET
2356
BEARISH TARGETS
2307
EMA5 CROSS AND LOCK BELOW 2307 WILL OPEN THE SWING RANGE
SWING RANGE
2290 - 2275
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
GOLD DAILY CHART UPDATEHey Everyone,
Please see our updated daily chart structure.
Last week we were seeing price test support at 2309 with a candle break below opening gap to 2259 and we confirmed we would need to see ema5 to lock below 2309 to further confirm this gap otherwise a failure to lock below will follow with a reactional bounce here to 2355.
- This played out perfectly with ema5 failing to cross below 2309, which followed with the rejection and gave the perfect bounce and now heading towards the 2355 open gap. We were able to catch majority of the bounce using our smaller time frame analysis last week
We are likely to see play between both these levels until we see ema6 lock above or below either lever to open the next range.
We have marked the charts with the weighted levels and will use them to track the movement up and down confirmed with ema5 cross and lock confirmation.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
After tracking and trading our last weekly chart idea successfully over the last few months, we have decided to now update the chart with new levels and re-align the ascending channel.
Although we saw price break out of this channel ema5 has created the true channel top resistance here. Price is now heading towards the channel half line and found support above 2310 Goldturn. Although we have a close below 2310, ema5 remains above 2310 providing the support with a bounce heading towards 2356 for a test.
The channel half line is a crucial level of support on this chart and as long as ema5 remains above the channel half line, we should be able to continue to buy dips. A break and lock below the channel half line will open the range test for the channel bottom.
The levels within the channel will provide the bounces inline with our plans to buy dips in true level to level fashion using our smaller time-frames. Buying dips allows us to safely manage any swings instead of chasing the bull from the top.
Please don't forget to like, comment and follow to support us, we really appreciate it!
MR GOLD
XAUUSD TOP AUTHOR
SILVER.. there is only area, holding or not??#SILVER.. well guys market have one n only area 29.02 keep close it in my pervious idea i told you about selling move below that level. but keep in mind if market hold it then it will be your supporting area for next further move to upside.
don't be lazy here.
good luck
trade wisely
Attention price range before FOMCGold dropped from peak to 2,340 USD before Fed information
After CPI rose to a three-day high past the $2,340/troy ounce mark, gold prices now appear to have digested that initial move and returned some gains amid a weaker dollar and Yields fell ahead of the FOMC event later in the session.
The 2340 level is unlikely to hold before the FOMC. The 2352 resistance zone will be better for you if you want to SELL gold. Today it is predicted that the FOMC will continue to support the dollar, so the possibility of gold falling will be very high. Scalp support may be around the old bottom of 2390
Binance Coin - The $70.000 price target is real!Hello Traders and Investors, today I will take a look at Binance Coin .
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Explanation of my video analysis:
Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways ever since. Currently it seems like Binance Coin is preparing another bullish breakout, which could lead us all the way up to $70.000 in the future!
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Keep your long term vision,
Philip (BasicTrading)
GOLD ROUTE MAP UPDATEHey Everyone,
Once again another great day on the chart today with our gap above giving us the confidence to buy dips form our Goldturns, as suggested yesterday.
2296 Goldturn gave us the bounce, as planned completing 2309 and 2326 inline with our plans to buy dips and now with protected profits heading for the gap. We are happy with the catch and now closing the week.
As always, we will now come back Sunday with our multi time-frame analysis, Gold route map and trading plans for the week ahead.
Please don't forget to like, comment and follow to support us, we really appreciate it!
Have a great weekend with family and loved ones!!
Mr Gold
GoldViewFX
SILVER - where is next target? pattern change?#SILVER.. market perfect move as per our video analysis, and now market still in hi pervious pattern and continue.
but there is some change in current pattern, if market hold your mentioned area then you can say it will again follow your previous pattern and continue buying again. but if market break your area then market will control by sellers,
keep close your region and only only short below that region.
good luck
trade wisely
AUDCHF: Bearish Outlook Explained 🇦🇺🇨🇭
AUDCHF formed a bearish flag pattern on a 4H time frame,
after quite a strong bearish movement.
Breakout of the support of the flag is an important bearish signal.
The pair may keep falling now.
Goals: 0.5899 / 0.5880
❤️Please, support my work with like, thank you!❤️
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May.
Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80
After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March .
The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area.
Wishing you a successful trading day
Delaying interest rate cuts leads to price pressure on Gold
World gold spot price is around 2,303.1 USD/ounce, down 11.9 USD/ounce compared to overnight. Gold futures price in August 2024 on the Comex New York floor is at 2,318.5 USD/ounce.
The gold price on Kitco at 9:00 p.m. (June 13, Vietnam time) was trading at 2,315 USD/ounce, down 0.25% compared to the first session. Gold futures price for delivery in August 2024 on the Comex New York floor is trading at 2,333.4 USD/ounce.
Starting trading on June 13 (US time), world gold prices eased the pressure due to the rising USD, when the DXY version only increased 0.27% to 104.9 points, while continuing to be affected. attacked by the tough money policy of the US Federal Reserve (Fed) announced today, June 12 (US time).
Gold prices continued to decline after the Fed's announcement of cutting interest rates only once this year while still generating 2% consumption. After the Fed's above announcement, gold lost its original momentum and the quality of investor purchases decreased significantly.
XAUUSD: Gold will grow strongly in the last 6 months of the yearWorld gold price moved sideways around 2,306 USD/ounce after falling sharply yesterday session. The gold market is under pressure as recent US economic data shows that the Fed will only have one interest rate cut this year. However, some economists note that the possibility of two interest rate cuts is still possible.
According to data from the US Department of Labor, in May, the US core CPI index increased by 3.3% over the same period last year and increased by 0.2% over the previous month, both figures are lower than the previous month. compared to forecasts and decreased slightly compared to April. This shows that inflation in the US cooled faster than expected, and at the same time put pressure on the US dollar. After the report, the USD plummeted with the Dollar Index falling from 105.08 points to 104.2 points. Silver and platinum prices also skyrocketed afterward.
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
XAUUSD: Gold will likely recover strongly at the end of the weekXAU/USD decreased slightly, currently trading around 2,314 USD/ounce. Yesterday, XAU/USD turned down after the Federal Reserve (Fed) signaled that there would only be one interest rate cut this year in the context of inflation still far from the target level.
The Fed kept interest rates steady on Wednesday, while policymakers forecast just one rate cut in 2024.
Jeffrey Christian, Managing Partner at American Government Group, commented: “The Fed neither lowered nor raised interest rates, so investors turned to less risky assets, including gold, thus the price of gold. increased very high and profit taking took place."
Fed Chairman Jerome Powell said the inflation outlook issued by the Fed is a “rather conservative forecast,” that may not be confirmed by upcoming data and could be adjusted.
Mr. Powell added that the better-than-expected CPI inflation data was something officials welcomed.
Gold fell after the FED kept interest rates unchanged in June💥Gold prices (XAU/USD) gained positive traction for the third straight day on Wednesday and touched a new weekly high, around the $2,341-$2,342 region as US consumer inflation figures softened slightly.
💥Gold then fell sharply after data from the US Federal Reserve (FED) signaled there would only be one interest rate cut this year. in a context where inflation is still far from target.
💥The change in the Fed's forecast led to a slight increase in US Treasury yields, supporting the US Dollar (USD) after its overnight bounce from multi-day lows and further weakening prices. Yellow
💥Gold support is approaching at 2282. Gold prices could accelerate the decline after the $2,285 horizontal support is broken. That said, any further decline is likely to find some Support near the $2,300 mark before the $2,285 horizontal zone. Some further selling activity will be seen as fresh trigger for bearish traders and leave XAU/USD vulnerable to accelerating the decline towards the next relevant support near the $2,254-2,253 region. If gold trades above 2325 today, it will soon find higher levels such as yesterday's peak resistance area at 2340 and higher at 2355.
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
GoldViewFX