Will gold continue to rise?
First, the gold daily level: From the current pattern, on the one hand, the price broke through the previous historical high of 2432, on the other hand, the 5-day moving average continued to rise, which is a strong unilateral continuation, because it is not a continuous positive, but a two-positive and one-negative pattern; therefore, today may be closed with a small negative cycle, and the next day or two will continue to be a positive unilateral attack, the key support point is still the 5-day moving average, moving up to 2400, today this position continues to be bullish, this week there is hope to hit 2460-2470
Second, the gold hourly level Special: Today's Asian session fell, and the European session was in a range of consolidation; from the figure, we can see that the short-term upper track is suppressed below 2425, and the short-term support is above 2409; before 2425 is broken and stood above, there may be another wave of declines and then stabilized and pulled up. At that time, pay attention to the support of 2409 and the stabilization of the first-line support of 2400; on the contrary, if 2425 breaks through and stands above in advance, it will all be washed back today, engulfing the decline in the Asian session, impacting 2432-2433, and even continuing to break through 2440-2450;
Xauusd4h
XAUUSD:Go long near support
Gold has reached a new all-time high, and the power of the bulls has not yet been completely exhausted. Usually, after a new high, there will be some resistance to the rise. However, judging from the current trend, if the support is effective, it is likely to reach a new high.
The difficulty of transactions will increase as volatility intensifies in the near future. During the transaction process, everyone should pay attention to controlling risks and avoid letting the account be blown. If you need help, please contact me in time.
Gold will continue to break through all-time highs
Hello everyone. We can see that 2335 was a suppression point for gold in the early stage. After breaking through 2335 last week, it changed from suppression to support.
This week I tested the support here at 2335 many times, but failed to fall.
From the wave shape analysis, we can also see that gold is currently out of the fifth wave of gains.
The top of the previous wave was at 2335, and the callback trend of the fourth wave was from 2378 to 2335.
If the fourth wave does not break the top of one wave, then it proves that there will be a fifth wave of rise later.
I have also drawn it in the picture. Once it is said that it will stand firm at 2360-65, then it will directly test the 618 position and the previous high of 2400.
Once it effectively stands firm at 2380, the market outlook will go directly to the 100% position near 2400.
At the same time, I have been buying gold today when gold fell back and broke through resistance 2355-2360.
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned in opposition to putting a top class on an instantaneous hobby price reduce.
Some contributors of principal banks` hobby-price-putting panels stated principal banks could want to illustrate a lot extra that detectability become falling past the tepid emissions visible in April.
This shows buyers are beginning to present a few desire for a price reduce in September. The greenback and Treasury yields additionally recovered from in advance decelerations this week.
However, a few lower-than-anticipated client charge index facts become factored right into a 0.7% weekly gain.
Will gold continue to hit new highs? Or a callback?
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can sell gold at a high price.
XAUUSD:A double top may form
Gold focuses on observing the support near 2358. If it falls below, there is a high probability that a double top pattern will appear, and the price will return to the 2347-2333 range again. When it cannot break the 2347-2353 resistance, the next space will be the 2318-2307 range.
Gold analysis to benefit your trading.Since the opening of this month, the market price has fallen back to test the support around 2282 three times. Each time, there has been a rapid pullback. After falling to 2292 on the previous trading day, it failed to fall further. Instead, it turned back higher, and the rise was obviously faster than the fall. . At the same time, after the market continued to rise yesterday, it came under pressure around the previous high of 2328. However, this pressure did not have much correction. It continued to remain at a high level and could not go back down. It rose higher and closed at a high level and remained at a high level. , which shows the strength of the current price. After experiencing yesterday's downward trend and pulling back higher, we define the current trend as the completion of the correction and the return of bulls, so it is inevitable to follow the trend.
Gold 4-hour level Yesterday, a wave of consecutive positive gains drove the Bollinger Bands to open upward, and the short-term trend is stronger. The current price continues to rise and fall at the upper track, indicating that the pressure near the upper track 2332 is greater. Although the short-term trend is stronger, the overall trend is still subject to range restrictions. The 1-hour gold price surged above 2332 in the early hours of last night and fell back under pressure. The price consolidated and closed in late trading. It formed a second surge in early trading today, with a high of 2329. Bulls have insufficient momentum and are expected to enter the adjustment stage again in the short term. Therefore, early trading operations can be done at 2332 To defend against betting, look for a pullback, and wait for the support below to be confirmed to go long again. On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2330-2335 first-line resistance, and the bottom short-term focus is on the 2305-2300 first-line support.
Don't miss this golden analysis, it will help you make moneyThe situation in the Middle East has gradually stabilized, and the market's concerns about the escalation of conflicts have cooled down, weakening the safe-haven buying demand for gold, and also turning investors' attention to the Federal Reserve's monetary policy. The Federal Reserve has previously made intensive statements that cutting interest rates is not urgent, which makes The market is worried that Powell may turn from dovish to hawkish, suppressing gold's decline. As investors generally believed that the Federal Reserve would remain on hold this time, gold stabilized and rebounded. Afterwards, the Federal Reserve still released a signal to cut interest rates. The degree of hawkishness was less than expected, and gold surged further. However, the Federal Reserve also hinted that inflation is lacking progress, and it may take longer than expected to gain confidence. , after a brief rebound, gold came under pressure again during the day.
Although Powell's hawkishness was less than expected, supporting gold's rebound, the Federal Reserve's delay in cutting interest rates still put pressure on gold. In terms of operation, it is recommended to treat it with a shock idea. If it breaks downward, you can focus on 2285, if it stabilizes and rebounds, you can focus on 2315, followed by 2330.
Gold Latest TrendsAlthough the US ADP employment data on Wednesday was negative for gold, it still fluctuated and rose. After touching the 2308 line, it fell back to the 2299 line, and then rebounded again. From the current trend, in the short term, gold will focus on the 2310-15 line support below and the 2330-35 line suppression above. In terms of operation, we will temporarily operate in this range and wait patiently for entry. Don't trade blindly.
The most comprehensive analysis of gold.Gold started to retreat after reaching a high of 2326 yesterday, and did not extend the retreat on Friday night, thus forming a volatile downward trend. From the monthly level: the monthly line has given a long upper shadow line of 100+ US dollars last month. This K-line shape is effective for short sellers. The monthly K line can continue to be short on gold; the weekly level is currently In the form of two consecutive negatives, Zhou K has swallowed up the two consecutive positive patterns at the top, but the lower part of weekly K is also supported. The upper part is the double top retracement of 2434 and 2418, and the lower part is supported by the double bottom of 2290 and 2280. Weekly K comparison Neutral, rebound and decline are all in line with technical aspects. The daily line is in a relatively obvious downward trend, with 2434 as the high point and 2418 as the second high point. Since the retracement, the strength of Yin K is obviously greater than that of Yang K, and the number of Yin K is more than that of Yang K. There are also moves to make new lows, so we continue to be bearish. .
It is currently in a retracement form in the long trend of the large structure, and the retracement space has not yet been exhausted. The long-term large structure is still bullish, and the mid-term is bearish. After the short positions are exhausted, you can still go long along the large structure. If the monthly and weekly levels fall below the 2220-2230 area to form a complete engulfment pattern, gold can be fully shorted. This will be analyzed separately in the market outlook; the short-term hourly and four-hour lines are in a concussive downward trend, and are structurally in a downward trend. During the retracement of 2434 and 2418, the short-term trend lines of 2352, 2346 and 2328 are also suppressed, and the short-term structure looks volatile and downward.
Operation idea: bearish under the suppression of the trend line, gold cannot stand firm and runs bearish at 2330. The upper rebound touches the 2322-2323 area for shorting. The stop loss is placed at 2330, and the lower level looks at 2290-2293. If there is a breakthrough at the bottom, it is expected to use the data to break out of a unilateral decline today, and the bottom will be cautious. If there is a move below to break through 2290 and rebound in the 2295-2298 area, go short, or even chase the short directly! If it breaks down strongly, it is recommended to go long in the 2265-2268 area below.
XAUUSD:Mainly short
The current chart pattern of the large level (4h) is in a short trend. After the small level has fallen, there is a rebound demand, so this week's trading focus is mainly on short selling after the rebound.
Friends who want to catch the rebound market should pay attention to risk control and it is best not to be too greedy! The short target will first look at the 233-2323 range.
XAUUSD UPDATE (looking for Bullish)
Hey team, Hope you are Enjoying our ideas and Analysis, Today we are Monitoring XAUUSD for Coming Week Looking for Bullish limit Around 2345-2340, There is a String Support Resistance Level ,
Gold Broker the Key Horizontal Level around 2352$ which is Support level now And the Price going down to Retest the new Support from we willbe Expecting a Move Back
XAUUSD Technical Analysis and Trade Idea Taking a look at the big picture for XAUUSD, we're definitely riding a bullish wave, especially when you zoom out to the monthly and weekly charts. There was a bit of a dip recently, with the daily chart showing some bearish moves, but things are looking up again. We've spotted some bullish price action kicking in i.e. a clear break of market structure on the 4H that might just flip the 4H trend bullish. In our video, we break down the trend, discuss price action, market structure, and we dive into some key technical analysis concepts. Included toward teh end of the video is a trade idea. Just remember, this info is for educational purposes only, it's not intended to be financial advice.
XAUUSD is still moving sideways within the 20 price rangeFrom the previous day till now I see Gold`s Bien transferring round 10>15 in price. There are 2 regions that I assume so long as Gold breaks, it's miles very possibly that the Trend will run in that unique direction.
>With cutting-edge Gold breaking via the 2020>2022 Zone, it's going to maximum possibly boom sharply to 234x.
>On the contrary, if cutting-edge Gold drops beyond 2300, you may absolutely promote it to 228x.
>With the marketplace jogging like this, I recommend all and sundry to visit a small Vol so that once Gold's Trend is Clearly Shown, then you may visit a bigger Vol.
>Asia Session I will Watch to Buy Gold Everyone Please Watch to Buy GOLD round 2305>2308
SL 2302
TP 2316>232x.
>I will await Gold to react above the 2320 quarter. If it can not byskip this threshold, you may purchase Gold to this quarter and wait to Sell ❤️❤️
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Many latest forecasts say that gold could be below downward stress this summer, probable in May-June due to the fact the Fed will nevertheless postpone reversing financial policy, thereby inflicting the USD to face at a excessive level.
However, steadily toward the quit of the year, gold will boom once more and might attain a brand new peak. The Fed is presently very involved that inflation might also additionally upward thrust once more and that if it cuts hobby quotes early, it can now no longer be capable of manage commodity charges.
Some nations inclusive of Indonesia had been lately pressured to elevate hobby quotes, regardless of the economy`s declining growth. But americaA is different, the USD may be very robust so the Fed will simply look ahead to the proper time to lessen hobby quotes, perhaps round subsequent September.
When the Fed reduces hobby quotes, the dollar weakens, and gold charges will boom rapidly. Gold additionally advantages withinside the context of globalwide instability and conflicts happening in lots of places. Nuclear dangers also are growing.
XAUUSD:Short 2338-2345
If gold breaks through and stabilizes above 2327 tomorrow, consider the 2338-2345 range. At that time, the probability of a fall back is high, and you can choose to short. If it falls below the support near 2335, the target can be set near 2328.
If it encounters resistance near 2335 and cannot break through, first consider the support of 2327-2323. If it falls below, it is very likely to return to the 2304-2280 range again.