GoldvieWw

Hello wonderful friends, let's explore the gold price after yesterday's big fluctuation! Regarding the developments and results of the news on July 12: Gold price (XAUUSD) soared to a 6-week high and returned to above 2,400 USD/ounce when the US consumer price index in June was announced to be 0.1% lower than forecast, thereby continuing to strengthen Increasing the possibility of US federal policy The Federal Reserve (Fed) will soon cut interest rates in September. Conclusion about gold and trends: Thereby, gold's movements are positive after Mr. Jerome Powell's statement gave an optimistic signal about cutting interest rates sooner than expected and this is supporting gold prices. Additionally, any unexpected rise in CPI would challenge the Fed's anti-inflation efforts and prolong the delay in easing monetary policy. The gold buying strategy continues as long as the significantly strong support at $2050 is maintained, the bullish wedge that was also confirmed earlier also points to a consolidation ahead of gold price growth at $2050. If this level holds, the uptrend will continue. In case buyers do not actively maintain this level, the price of gold will decrease significantly. With the current picture, can we expect a gold price race to new heights? And you, do you expect a wave of gold price increases? Share your thoughts on where gold goes next in this exciting market!Trade activeComment: Now that gold breaks support 1, we can watch for support 2 as a target

Hello everyone! Please observe on the H4 chart. We see gold, which quickly broke short-term resistance following Friday's supportive NFP news, and reached 2393. But, at the opening of the session a change in sentiment among Chinese gold buyers pulled Gold has returned to the bullish trendline and is being actively maintained by bulls on the growth wave. Along with that is a great support combo around the middle of the resistance and trendline that is likely to continue to provide strong support for long-term buyers. Therefore, we can watch the downward movement with the aim of retesting the 34.89 EMA levels and then catching the bounce, 2355 would be a safe point to enter. Gold is expected to target 2425 for a major strike. And you? Do you expect a surge in gold prices? What is your goal... Sincerely!Trade activeTrade activeTrade closed: target reached

Dear traders! Overall, over the past few months, the GOLD trend has been accumulating sideways with an unclear structure, but if we look at the big picture, it can be assumed that the triangle pattern has been completed from the early stages. April 2024 to present with internal ABCDE structure almost complete. Therefore, the possibility of Gold's upcoming developments will be easier to recognize. The global context is waiting for US CPI data. If this number continues to decrease and is lower than 3%, expectations that the US will cut interest rates in September will increase so we need to pay attention. The $2,350 support zone could be the starting point for a new wave cycle. The most important breakout point today is 2392. If GOLD breaks through this point, the uptrend will most likely return. In the immediate future, we need to wait for confirmation of consolidation above the new support level which is the resistance level along with great support from the EMA lines 34 and 89. It is worth noting that the resistance area has been broken before that, the price increase factor will also receive more support. So the CPI data announced this Friday will be a key factor in the near future.Trade activeTrade active

Gold price is trading around 2362 USD. Technically there is a pullback from the previous high, now retesting the nice bullish channel support area forming on D1. If the price holds the support zone around 2,350 USD/ounce, there is a high possibility that the price will continue to rise to the resistance level of 2,400 USD/ounce and possibly higher. The deceleration and consolidation ahead of this level shows bullish interest in further growth. According to this view, the prospect of gold will rise higher in the near future based on market expectations of interest rate cuts by the US Federal Reserve (Fed). The CME Fedwatch tool shows interest rates will fall in September and could fall further in November and December, which would benefit gold. This week, the market focused its attention on Fed Chairman Jerome Powell's congressional testimony, comments from several Fed officials and US inflation data. According to senior analyst Matt Simpson City Index, a weak inflation report coupled with Mr. Powell's dovish tone will be the ideal catalyst for gold to reach new highs. Short-term levels to consider: Resistance levels 2400, 2422 Critical support level: 2350 In summary, the short-term outlook for gold is positive, based on solid technical factors such as the long-term uptrend, supported by the EMA and the rising price channel. If gold prices hold above the support level of 2,350 USD/ounce, there is a high possibility that the price will continue to rise and head towards the resistance level of 2,400 USD/ounce and higher. However, investors should note that the gold market is still greatly influenced by macroeconomic factors and geopolitical events that could reverse current moves.Trade activeComment: Gold remains stable above the mentioned support zoneTrade closed: target reached

Dear traders! Overall, gold prices (XAU/USD) have stabilized significantly higher than yesterday above the $2,365 support level, underscoring a 0.45% gain on the day, currently trading around $2,381/ounce . But at the same time, the H1 Chart shows that the price will move around clear resistance and support levels. Gold's growth factor is completely supported after Fed Chairman Jerome Powell's statement about the possibility of stronger interest rate cuts. Interest rate cuts increase gold's appeal as a safe-haven asset. Therefore, gold is likely to sideways around the $2,360 to $2,388 area to accumulate before growing. With buying and selling pressure around this area to complete the Elliott wave. After completing the fourth wave, the gold price is expected to grow according to the fifth wave with a target of at least 2,400 USD. Therefore, investors can open a Long (buy) position when the price surpasses $2,388 and target at least $2,400.Trade activeComment: 2406

Gold price is in an uptrend with strong support from the trendline and the EMA 34 and EMA 89 indicators. At the time of writing, the price is trading at 2,367 USD, approaching the resistance area. at 2,390 USD (zone 1). Gold price fluctuations still depend on market expectations about when the Fed will cut interest rates. Recent data shows that the US economy is showing signs of weakness, reinforcing the US Central Bank's ability to cut interest rates. Against this backdrop, gold has more room for further growth. Now all attention is focused on the current main Resistance Zones 1 (2,390 USD) and 2 (2,420 USD). If the gold price overcomes resistance zone 1, the next target will be resistance zone 2. In case the gold price cannot overcome resistance zone 1 and turns down, it is necessary to monitor closely to identify the nearest support points, especially the current uptrend line. Best regards GoldvieWw!Trade active: Gold remains above key supportComment: Goal 1 has been established. close 1/2 guys.Trade closed: target reached