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GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
Super Data Week gold will have a great opportunityOn May 30th, after several rounds of negotiations, a debt-ceiling deal was finally reached, and is now awaiting approval by both houses of Congress. However, the analysis noted that reduced fiscal spending could have a greater negative impact on the economy after the U.S. economy entered a recession. Market flash: Gold opened the session at $1,944.36 an ounce, peaking as high as $1,946.54 and hitting as low as $1,938.00. At press time, it was trading at $1,938.59 an ounce, down 0.27%. Spot gold fell slightly yesterday, the early Asian trading day continued consolidation trend, from the 1 hour chart, green momentum column weak continuation, short momentum is not strong. Gold is still clearly under pressure as the odds of a Fed rate hike in June rise. Market Overview: Debt Ceiling Deal could Deepen Recession On May 28, U.S. President Joe Biden said a final deal with McCarthy on raising the debt ceiling was on its way to Congress. On the same day, the House Library of Documents released the 99-page text of the agreement. The spending limits would apply from the start of the new fiscal year, which begins Oct. 1. Because spending in the next fiscal year is expected to remain at around 2023 levels, the restrictions imposed by the deal will kick in at a time when the economy is likely to slip into contraction. Economists surveyed by Bloomberg had expected the U.S. economy to fall into recession in the second half of the year after GDP fell at a 0.5 percent annual rate in the third and fourth quarters. Michael Feroli, chief U.S. economist at jpmorgan Chase, said in an emailed response to questions today that fiscal multipliers tend to be higher during recessions, so if the United States were to fall into recession, then reduced fiscal spending would likely have a bigger impact on GDP and employment. The European Central Bank (ECB) still has more to raise interest rates, ECB governing Council Andreas De Kos said on Monday, adding that the bank is nearing the end of its tightening cycle, but has a long way to go to control inflation. The world's major central banks are in the final stages of raising interest rates as the risk of recession grows. However, inflation in Europe remains high after several top ECB officials warned that interest rate rises may need to continue beyond the summer to rein in price rises. Two more hikes are expected by July, according to economists, but the risk that the most aggressive monetary tightening of the euro era will last longer is rising. America had a banking crisis in March, and commercial property risks are building. Mr. Decos, for one, has said Mr. yang's actions are filtering well through the economy and that officials are monitoring the impact on the financial sector of the banking tensions that began in the United States. Spot gold afternoon: Just a week ago, the odds of a rate hike were as low as 17.4 percent, according to analysis, suggesting people had abandoned expectations of a pause, which helped the dollar rise for a third straight week and weighed on gold prices. With the likelihood of a Fed rate hike in June rising and technicals about to form a bearish cross, gold prices remain vulnerable. Gold, we have had a very nice run selling gold below 1985 since last week. The 1930 support level is very important today and we will try to buy gold from there first. In addition, just into the gold market, the capital suffered serious shrinkage, income is not ideal friends, you can pay more attention to me, I will according to your purchase point, the size of the capital, give you a reasonable operation plan. Finally, I wish you all a good deal!
CITYINDEX:XAUUSDLong
by Besttraderking
Gold has tested buyer zone and can start to riseHello traders, I want share with you my opinion about Gold. When observing Gold, we can see how price made a deep correction, formed the buyer zone 1950-1960, and continued to move upwards. By making a small downward correction, the price formed a higher low and continued to rise. Gold updated its previous high, thereby proof of upward structure, and reached a resistance level of 2050, from which it bounced and began to fall. The price approached the buyer zone and traded higher for some time. Without testing the buyer zone, Gold updated the previous high, break of structure and began to move up. The price updated the previous higher high, changed of character the movement, continued to rise and made a fake breakout of the resistance level of 2050. After the fake breakout, Gold retested the resistance level and began to decline. Not so long ago, the price reached the buyer zone, where it formed a new low, which never updated the monthly low. After testing the buyer zone, the price began to rise. On the 1 hour timeframe, we can see how Gold bounced from the level 1955, break of structure and began to rise. Making a small correction, the price proof the upward structure and continued to move. Now the price is trading above the resistance level and can continue to rise. I think that Gold has made a deep correction, retested the buyer zone and can continue to upward move towards previously accumulated liquidity. In this case, I set the targets at level 1975 and at level 1990. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
8
XAUUSD 26/04/2023Currently, on the 15-minute timeframe chart, we are within a bullish range that ranges from 2009 to 1991, with the former being the liquidity point of the range. Therefore, we could expect a bullish reaction in the zone ranging from 1998 to 1996. As long as the price does not close below this zone with a bearish candle, we can say that the zone is being absorbed in lower timeframes, and we can move down to lower timeframes to position ourselves in bullish ranges.
OANDA:XAUUSDLong
by mdr300896
Gold Spot Bulls Can Show The PresenceHello Friends, On my last analysis it was suggested 2048 - 2050 can bring bears on charts till 1980 - 1970. Today we have witnessed 1970 now this is a support, an important support infect. So those who are shorts should look to book gains or at least adopt risk management. For details of That analysis please go though my previous research on GOLD. I believe short covering base pull back from here can be seen till 1981 - 1986. Closing US session above 1986 would shift control to ST to bulls. For MT to LT please review my previous details research. Happy Trading.
OANDA:XAUUSDLong
by investomaniapk
2