Veraa_Queen

After a period of sideways accumulation around the resistance zone, gold broke the lower boundary of the fluctuating price range, creating a new price bottom in H1. This is a sign of the formation of a bearish price structure. Combined with the bearish signal of the D-day frame, today's trading plan is to sell gold. Maybe SELL GOLD at 2030 with SL 2035 and TP 2035 🌸 🌸 🌸

Hello everyone, join Vera in analyzing and evaluating the price of GOLD next week 🌸🌸🌸 The global price of gold has experienced a recovery week after the FED decided to maintain the current interest rate. The spot price of gold on May 6th slightly decreased and closed at $2018 per ounce. I anticipate that the upcoming week will see gold experiencing a period of little movement, remaining within the range of 2000 to 2028. However, as we approach the final week of 2023, we can expect increased volatility in the market. Currently, there is a relatively equal balance between buyers and sellers within the range of 2000 to 2045. In the short term, expectations regarding interest rate cuts will be adjusted. However, in the medium to long term, traders will be closely monitoring the timing and extent of these cuts. Once the Federal Reserve clearly signals a cut in interest rates, it will provide a clearer direction for gold. This is an important event that gold bulls should patiently await.

The global economic landscape is eagerly awaiting the release of key economic data, as investors pay close attention to the stability of the US dollar. As uncertainties loom over major economies, analysts are observing a potential rise in gold prices. Historically regarded as a safe-haven asset, gold has proven its resilience amidst market volatility. With the US dollar finding stability, the upcoming economic data releases will play a crucial role in determining the trajectory of gold prices and its attractiveness to investors. In this article, we will delve into the factors driving gold prices and the potential impact of forthcoming global economic data on this precious metal. The price of gold The price of gold is poised to see weekly gains after last week's decline from its record-breaking high of $2,144. Weakened US Dollar The US Dollar has been weakened by the accommodating stance of the US Federal Reserve, as Chair Jerome Powell has confirmed expectations of interest rate cuts until 2024. In contrast, the Bank of England and the European Central Bank have indicated the possibility of further tightening while stating that interest rates will remain "higher for longer." Gold Price Set to Rise This suggests that the price of gold is expected to increase in the future.Trade active

FUNDAMENTAL ANALYSIS 🌸 Today is expected to be a significant day for the market as there will be an Interest Rate Meeting held by the Swiss Central Bank, the Bank of England, and the European Central Bank in the afternoon. The price movements for #CHF, #GBP, and #EUR could be highly impactful. TECHNICAL ANALYSIS 🌸 The H1 trend for #gold is showing an increase. Today's trading suggestion: Consider buying #gold. Analysis: D1: The daily bar exhibited a wide range of movement and closed near the top, completely engulfing the previous daily bar. This created a Bullish outside bar pattern and also broke the previous inside bar pattern, indicating a strong upward momentum in the stock price of #Yellow. However, the uptrend has not been sustained as the price has not yet surpassed the previous peak. A positive aspect is that the significant price level of 2,000 was broken upwards yesterday. The overall chart structure for #gold on a daily basis is bullish. H1: The most recent upward movement in the price of #gold on the hourly chart has shown strong momentum, as the price sharply increased and surpassed the recent price peak, thereby reestablishing the upward trend for H1 #gold. However, it should be noted that the price entered into an overbought state when it broke out and closed above.

Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence, the focus will remain glued to the outcome of the highly-anticipated FOMC policy meeting, scheduled to be announced later today. In the meantime, a stick inflation report from the United States (US) released on Tuesday, along with Friday's mostly upbeat employment details, forced traders to bet that it could take the Fed until May to begin a series of interest-rate cuts next year. This, in turn, assists the US Dollar (USD) to regain positive traction and should act as a headwind for the non-yielding Gold price. Apart from this, the risk-on environment might further contribute to capping gains for the safe-haven precious metal.Trade closed: target reached

⚡️ The price of GOLD remained relatively stable yesterday, with a small sideways movement despite the strong impact of the CPI index on the market. ⚡️ GOLD opened at 1982 per ounce and closed near that level. It reached a high of 1996 per ounce and a low of 1977 per ounce, fluctuating around 200 pips. ⚡️ The price of gold initially rose but then reversed its gains after positive news about the US CPI index. The personal consumption expenditure (PCE) and the CPI for the year and month showed a slight increase, in line with predictions. This is a positive signal for the US dollar. ⚡️ The monthly CPI increased slightly from 0 to 0.1%, while the yearly CPI decreased as predicted from 3.2% to 3.1%. This indicates that inflation is somewhat contained, leading to a temporary decrease in the price of gold. However, this will have a significant impact on the Federal Reserve's decision to maintain or cut interest rates in the near future, so the decrease may only be temporary. Therefore, gold ended the session near its opening price. ⚡️ From a technical standpoint, gold is still following a short-term downward trend on the H4 chart, with upcoming support levels at 1969-1949 (potential buying opportunities at these levels). The expectation is that the price will continue to decrease slightly towards these levels. ⚡️⚡️⚡️ The closest and most relevant resistance that can be of concern is the period from 1982-1987, which could indicate the potential for a reversal and reaction in this area. A defensive resistance for a breakout could be reconsidered in the 96-01 region. However, if it returns here, there will need to be new information that could adjust the price by nearly 20. The nearest support to take note of is at 1947-1942, where there is a possibility of a short-term reversal that should be carefully considered in this area. Wishing everyone a successful trading day 🌷🌷🌷Trade active:Trade active: Gold staged a modest rebound and stabilized above $1,980 on Wednesday. Ahead of the Fed's monetary policy announcements, the benchmark 10-year US Treasury bond yield retreated below 4.2% and helped XAU/USD edge higher.

🌷 As expected, Gold prices continued to fall sharply yesterday, reaching the lowest level of 1975 on the first day of the week. 🌷 In terms of news, Gold prices are under pressure in the context of the recovery of the USD combined with the US bond interest rate increasing by 4.26% 🌷 In terms of technical analysis, the downward force is covering the current Gold price, support at 1967 is the next area that Gold price is aiming for before there will be a Pullback at this price area. At the end of the first session of the week, Gold price closed the candle below the 85-88 support area, forming candle D with a long red body and short shadow, showing that price movements remained decreasing. => Today's session it may continue to fall deeper, traders can still prioritize short selling positions, absolute stop loss above the 1995 price mark. => If the price rises back to the 1995 area and closes the candle, it will only be possible when November CPI is lower than forecast, then the price will confirm the upward trend again. Do you guys think the same as me? 🌸🌸🌸 Wishing everyone a smooth trading day!Trade active: 🎋 The first trading session of the week continued to be a confirmation day when the break passed the 1991 zone and fell to the 1975 zone. 🌴 The long-term downtrend of the market has been confirmed but we need a retest of the 1990-1991 zone today to set up a long-term SELL order. 🌱 Sales around the 1990-1993 AREA - TP: 1985-1975-1965 - SL: 1997 🌱 Buying soup around the area from 1963-1965 - TP: 1970-1975-1980 - SL: 1960Trade activeComment: 🔹Russia announced it intercepted Ukrainian missiles, Ukraine announced it repelled Russia's multi-directional attack The Russian Ministry of Defense reported on the 12th that, according to local time, the Russian army repelled 8 attacks by the Ukrainian army in the directions of Kupiyansk, Bonliman, Donetsk, Zaporozhye and Kherson, destroying 7 armored vehicles and armored vehicles. Ukrainian steel. Russian air defense forces intercepted 2 missiles and 1 Dot-U missile launched by the Ukrainian army's multi-purpose rocket launch system "Hamas", and destroyed 23 Ukrainian drones. The General Staff of the Armed Forces of Ukraine on the same day issued a battle report, saying that in the past 24 hours, 73 battles occurred in front-line areas. The Ukrainian army repelled the Russian attack in the directions of Kupyansk, Bakhmut, Avdeyevka, Malinka and Zaporozhye, and conducted attacks on areas where manpower, weapons, equipment and ammunition depots were concentrated. and destroyed the Russian command post.

⚡️ The price of GOLD remained relatively stable yesterday, with a small sideways movement despite the strong impact of the CPI index on the market. ⚡️ GOLD opened at 1982 per ounce and closed near that level. It reached a high of 1996 per ounce and a low of 1977 per ounce, fluctuating around 200 pips. ⚡️ The price of gold initially rose but then reversed its gains after positive news about the US CPI index. The personal consumption expenditure (PCE) and the CPI for the year and month showed a slight increase, in line with predictions. This is a positive signal for the US dollar. ⚡️ The monthly CPI increased slightly from 0 to 0.1%, while the yearly CPI decreased as predicted from 3.2% to 3.1%. This indicates that inflation is somewhat contained, leading to a temporary decrease in the price of gold. However, this will have a significant impact on the Federal Reserve's decision to maintain or cut interest rates in the near future, so the decrease may only be temporary. Therefore, gold ended the session near its opening price. ⚡️ From a technical standpoint, gold is still following a short-term downward trend on the H4 chart, with upcoming support levels at 1969-1949 (potential buying opportunities at these levels). The expectation is that the price will continue to decrease slightly towards these levels. ⚡️⚡️⚡️ The closest and most relevant resistance that can be of concern is the period from 1982-1987, which could indicate the potential for a reversal and reaction in this area. A defensive resistance for a breakout could be reconsidered in the 96-01 region. However, if it returns here, there will need to be new information that could adjust the price by nearly 20. The nearest support to take note of is at 1947-1942, where there is a possibility of a short-term reversal that should be carefully considered in this area. Wishing everyone a successful trading day 🌷🌷🌷

🌷 As expected, Gold prices continued to fall sharply yesterday, reaching the lowest level of 1975 on the first day of the week. 🌷 In terms of news, Gold prices are under pressure in the context of the recovery of the USD combined with the US bond interest rate increasing by 4.26% 🌷 In terms of technical analysis, the downward force is covering the current Gold price, support at 1967 is the next area that Gold price is aiming for before there will be a Pullback at this price area. At the end of the first session of the week, Gold price closed the candle below the 85-88 support area, forming candle D with a long red body and short shadow, showing that price movements remained decreasing. => Today's session it may continue to fall deeper, traders can still prioritize short selling positions, absolute stop loss above the 1995 price mark. => If the price rises back to the 1995 area and closes the candle, it will only be possible when November CPI is lower than forecast, then the price will confirm the upward trend again. Do you guys think the same as me? 🌸🌸🌸 Wishing everyone a smooth trading day!Trade active: 🎋 The first trading session of the week continued to be a confirmation day when the break passed the 1991 zone and fell to the 1975 zone. 🌴 The long-term downtrend of the market has been confirmed but we need a retest of the 1990-1991 zone today to set up a long-term SELL order. 🌱 Sales around the 1990-1993 AREA - TP: 1985-1975-1965 - SL: 1997 🌱 Buying soup around the area from 1963-1965 - TP: 1970-1975-1980 - SL: 1960

🌷 As expected, Gold prices continued to fall sharply yesterday, reaching the lowest level of 1975 on the first day of the week. 🌷 In terms of news, Gold prices are under pressure in the context of the recovery of the USD combined with the US bond interest rate increasing by 4.26% 🌷 In terms of technical analysis, the downward force is covering the current Gold price, support at 1967 is the next area that Gold price is aiming for before there will be a Pullback at this price area. At the end of the first session of the week, Gold price closed the candle below the 85-88 support area, forming candle D with a long red body and short shadow, showing that price movements remained decreasing. => Today's session it may continue to fall deeper, traders can still prioritize short selling positions, absolute stop loss above the 1995 price mark. => If the price rises back to the 1995 area and closes the candle, it will only be possible when November CPI is lower than forecast, then the price will confirm the upward trend again. Do you guys think the same as me? 🌸🌸🌸 Wishing everyone a smooth trading day!