StarrOne

Gold supported by Israel-Iran conflict, US intervention in focusGold's sharp rise came late last week after Israel struck multiple targets in Iran, including Tehran's nuclear facilities.The attack sparked fierce retaliation from Iran, which launched a barrage of missiles at key Israeli targets, including the financial capital Tel Aviv. Some of the Iranian missiles were also seen penetrating Israel's "Iron Dome" defense system.What do you think?Best regards, StarrOne !!!

Yesterday there was a BUY point and a missed SELL. Currently gold is in wave 5. We are waiting for the H4 liquidity backtest to place a SELL order.World gold prices rose after the People's Bank of China announced on June 7 that it had added gold to its reserves for the seventh consecutive month in May. China's gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April. Gold prices hit an all-time high (over $3,500/ounce) in April, which boosted the value of China's holdings of the precious metal.Investors are now waiting for the US Consumer Price Index (CPI), data due on June 13, to assess the country's economic health and predict the trajectory of the US Federal Reserve's interest rate cuts.Let's wait for SELLBest regards, StarrOne !!!

In the Kitco survey, Wall Street analysts were divided on the direction of gold prices this week. Fifty percent of experts expect prices to rise, 43 percent expect prices to fall, and 7 percent believe gold will move sideways. This reflects a generally cautious sentiment as there is no clear factor to promote a new trend.Some experts still lean towards the uptrend as gold holds important support levels and remains a safe haven amid geopolitical uncertainty. Others predict a correction in gold prices due to positive signals from the White House about the possibility of reaching trade agreements and the recovery of US stocks.In addition, there are also neutral opinions that gold is unlikely to continue to rise sharply without further momentum, especially when stock indexes are more attractive to investors.James Stanley, senior strategist at Forex.com, remains optimistic, saying that gold is making a technical correction to continue the larger trend. He believes that the $3,300 and $3,280 zones will be important boundaries to watch.What do you think about this strategy?Best regards, StarrOne !!!

World gold price today World gold price today increased slightly, with the spot gold price listed on Kitco around 3,317.85 USD/ounce, up 6.18 USD/ounce compared to early this morning. The last traded gold futures price was 3,338.2 USD/ounce, down 8.4 USD/ounce compared to early this morning. World gold price experienced a volatile week when it continuously fluctuated within the range of 3,300 to 3,400 USD/ounce. But after all the fierce fluctuations, this precious metal returned to near the starting point at the end of the week, reflecting the indecision and waiting mentality of investors before the economic and geopolitical signals that have not yet been resolved.Pay attention to the points I noted on the analysis.Best regards, StarrOne !!!If anyone misses the BUY entry, you can enter the long-term SETUP SELL above.News update

H4 swing order analysis for traders, pay attention to wave 5 to confirm Long-term SellJames Stanley, senior strategist at Forex.com, said: "I remain bullish on gold and will look for new support for the broader trend to continue.Gold has made a new short-term high, with the price rising above $3,350/oz. Therefore, I do not rule out the possibility of this uptrend continuing and will look for new support, especially at $3,300/oz and $3,280/oz," he said.Rich Checkan, Chairman and CEO of Asset Strategies International, said: "The current momentum favors gold and silver. While there may be some profit-taking, I expect gold to continue to rise next week thanks to the weakness of the US dollar, political tensions in the Middle East and Ukraine, the impact of tariffs and the passage of a major bill in the US that will increase public debt, leading to consumer inflation. These factors will continue to drive demand for gold as a safe-haven asset."Adrian Day, Chairman of Adrian Day Asset Management, shared: "There are signs that North American investors are increasing their purchases of gold, although not a strong wave, but I believe this trend is gradually changing. This is a positive signal for the gold market in the future."Best Regards StarrOne !!!near the BUY entry point, everyone pay attention

Gold is running wave 3, planning to go down to the near resistance zone then run wave 4 to the area just broken out, continue running wave 5 to decrease to complete the short-term decrease cycleEveryone pay attention to the transaction, I have noted the price zones for everyone to refer to. Thank you traders for reading the article.Follow me to see my analysis and comments on Gold !!!Best regards, StarrOne !!!See more gold H4 analysis for better tradingnear the BUY entry point, everyone pay attention

Bitcoin recently broke the support zone between the key support level of 102,150 (which has reversed price several times since early May) and the 50% Fibonacci retracement level of the bullish impulse from last month.The break of this support zone has accelerated the short-term positive ABC 2 correction, which started earlier from the major multi-month resistance level of 110,000Bitcoin is likely to fall to the next support level of 98,000.00 (previously strong resistance level in February).

Gold, after rising around 3400, has been under strong downward pressure after US President Donald Trump and Chinese President Xi Jinping had a productive phone call. Today the market focuses on Nonfarm Payrolls- Technically.Gold has been under downward pressure from around 3400 and yesterday's decline was good, gold is currently trading below the 3400 zone. However, it has met support at the 3346 - 3340 zone.Before today's NFP news, you can trade according to the above support zone to buy up, and sell at the psychological resistance zone of 3400.Goldman Sachs Forecasts:May NFP: 125,000Unemployment Rate: 4.2%Wage Growth: 0.3% MoMThe firm also said federal layoffs could drag down the overall figure due to workforce reductionsTouch Support zone and Up. Greatttttttt !!!