GOLD-Range trading
Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay attention to the speeches of Federal Reserve officials and pay attention to the Federal Reserve's Beige Book of Economic Conditions.
From a technical point of view, the daily cycle is a strong unilateral, and the K-line closes on the unilateral moving average support. The support points of concern during the day are around 2372, 2363, and 2348, and the upper resistance range is around 2400-2405.
4H is a standard range oscillation. The support is near the Bollinger Band. The support of the 4H Bollinger Band is near 2372. This is the same as 1D. Therefore, you can wait until the support point is reached to buy today.
You can also choose to sell in the resistance range, SL: 2409, and control the position reasonably so that you can ensure your success rate. The market changes quickly, and real-time analysis is more important. If you think my analysis can help you, contact me
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Goldidea
Gold is bullish, approaching 2300Trend is king, point wins. On Thursday, we said that gold had another surge. Traders who followed the signal were already busy. Recently, gold has once again pulled up strongly unilaterally. At this time, have you realized the importance of taking advantage of the trend and strictly stopping losses? significance? ! Any so-called resistance or support is worth mentioning in front of the trend! Only trending market conditions can really make big money!
This round of bulls is based on another rise after the adjustment to a new high of 2222. In terms of daily space, 2300 does not seem to be a difficult task! In terms of form, the rise does not mean a top. As long as the top pattern appears, the world is dominated by bulls! Get rid of personal subjective ideas, follow the trend of the market in all operations, and follow the trend, that is the kingly way!
Currently, the daily, four-hour and one-hour bulls are tied upward, so don’t think about hitting the top! Just continue to wait for the price to fall back during the day and go long! You can pay attention to the shape changes in five minutes, wait for the price to fall back, when will it bottom out in five minutes, and when will you go long! All we have to do now is wait for this signal! If you have the chance, do it; if you don’t have the chance, just wait!
GOLD-analyze
U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations that the Federal Reserve may delay a rate cut until September. In terms of the geopolitical situation, top Israeli military officials said on Monday that Israel would respond to Iran's weekend missile and drone attacks. Netanyahu convened a war cabinet meeting for the second time in less than 24 hours to weigh how to respond. Iran's first direct attack on Israel. Today we need to pay attention to the March new housing starts, building permits and industrial production data released by the US market.
As can see from the chart, gold fell rapidly from 2431 last week. Gold made some repairs yesterday, but it failed to break through important resistance points.
I give the above resistance points, you can sell
2380-2385,2400-2405
The market changes rapidly, and you need to pay attention at all times and control your positions reasonably.
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The current price of gold is short, continue to be shortGold began to rebound in early trading, but the short-term short-term trend of gold remains unchanged. The rebound gives us the opportunity to go short.
The moving average of gold's half-hour chart crosses the short position, and is also suppressed by the downward trend line. The resistance of the gold trend line has now moved down to around 2177. The rebound below 2177 in early trading is an opportunity for shorts to rise, and the current price of gold is short.
The way to trade is to abandon personal preferences. Personal emotional preferences for the market are a death trap. The market is always correct, the market is current, the market is still weak, and short sellers still have more to do. This is just the beginning, then continue to trade. The short sellers will fight to the end. There is no such thing as an oath of friendship in the trading market. Long and short are just the edges of the dew.
Can gold maintain its high price?World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce.
The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that pushed gold prices above 2,150 USD/ounce in a short time.
After December's rally, many analysts expect prices to test support around $1,950 an ounce as the precious metal remains weighed down by interest rate expectations. In fact, many investors missed the first breakthrough increase in March while waiting for a larger correction.
Previous predictions of a correction made Friday's price action interesting. Analysts have noted that investors who missed out on the March rally will be eager to jump in on the dip. However, a problem that investors are facing is determining the entry point. Recently, this precious metal has continuously ignored traditional "headwinds" to enter new record areas. While gold maintains its upward momentum, there are multiple support levels to watch. Some experts note that investors should watch for the initial support level at 2,350 USD/ounce, then 2,285 USD/ounce.
Experts still believe that gold's upward momentum has just begun. Although high inflation may force the US Federal Reserve (Fed) to maintain positive monetary policy longer than expected, gold still demonstrated its resilience by ending the week at a record price. The other continent is 2,360.2 USD/ounce.
GOLD-Strong upward trend
The United States expects Iran to launch an attack on Israel, but it will not be large enough to involve Washington in a war, a U.S. official said yesterday. As soon as this news came out, it once again had a great impact on the current financial market. Gold once again had room to surge and hit a new high. Although the US dollar also rose, it could not affect the current absolute strength of gold. In the case of extremely unstable geopolitical situation, gold has a dominant position as a safe haven. Today we will pay attention to the monthly rate of the US import price index in March and the initial value of the University of Michigan consumer confidence index in April, as well as the speeches of Federal Reserve officials and news related to the geopolitical situation.
After yesterday's 4H level top divergence correction was forcibly interrupted, if the 4H MACD fast and slow line crosses again, a second divergence will be formed, and the magnitude of subsequent adjustments will increase.
Although gold has been oscillating up and down recently, it is still oscillating under an upward trend and the trend is strong. Friday trading also needs to follow the trend.
Therefore, no matter how it adjusts or falls in the near future, as long as it does not fall, it is an opportunity to go long. For example, the previous 2302, yesterday's 2325. For today's market, the technical point is also very obvious. The unilateral moving average support of the H4 cycle is at 2372, and the previous double top turned into double support point price at 2365.
There has been a lot of volatility recently, so you still need to pay attention to your position. If you choose to sell, be sure to trade with a small position.
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GOLD-Pay attention to the impact of CPI
Today on Wednesday, the market will focus on the CPI data for March and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is good for the US dollar and negative for gold. The specific data performance will depend on the actual data release. Let us see Will it dampen the upward trend of gold?
Yesterday, gold broke through again and reached 2365. Since gold began to rise in 1984, it has unilaterally increased by 380 US dollars. I have already reminded you to enter the buying risk zone.
Judging from the current market situation, gold maintains its upward trend and is absolutely strong. We should pay attention to where the support point of the daily decline is? According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long, but this possibility is relatively small. Tuesday’s low of 2338 did not break, let alone the test of 2328. So, today you can try to buy near 2238
If you want to sell, focus on yesterday's high of 2365, 2370-2375, use small lots, set SL
Today’s focus is the release of CPI data in the US market. End orders before the data. Changes have been rapid recently. Don’t gamble on the data. Wait for the data to be released and follow the trend.
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GOLD-The risk of risingGold bottomed out yesterday and rebounded, and the daily line continued to rise. However, there are two points to note:
1. The price has not deviated from the short-term moving average, which is not enough for a short-term high.
2. It is still bottoming out and rising, and it is a continuation cycle. It is the same as the upward trend. It has a strong rhythm. It depends on whether the European market can continue for the second time.
But from a weekly perspective, this week is still on the cusp of market changes, and the room for upside is limited.
From the previous market, we can see that the previous sharp increase was 1810-2145, from October 6 to December 4, a time range of close to 2 months.
From 1810-2145, an increase of 335
This time, the increase started from February 14th. If the interval is 2 months, it would probably be before April 12th. Starting from 1984, it has risen by 335, with resistance at 2319. The current highest is 2355, exceeding the previous 35. According to the scope of the risk area, it has entered the rising risk area.
Gold is still very strong now and may reach new highs, but we have to pay attention to the risks. Again, if you trade gold now, use small lots.
Today, we will pay attention to two points for gold, one is the 2325 support point, and the other is the 2318 support point. Among them, 2325 is the Bollinger lower track support point after the small cycle adjustment and shock decline, and 2318 is the support point after gold's sharp rise and fall.
If gold continues to rise and break through and reaches 2370-2375, you can try to sell in batches. Still use small lots and strictly set SL. The market changes quickly, and you need to pay attention at all times.
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Gold continues to increase, waiting to buy at the present timeWorld gold prices increased slightly with spot gold increasing by 5.7 USD to 2,337.4 USD/ounce. Gold futures last traded at 2,358.4 USD/ounce, up 13 USD compared to yesterday morning.
World yellow metal prices continued to conquer new records at the beginning of the week, boosted by central bank purchasing activities in Asia. Previously, spot gold price hit a new record of 2,372.5 USD/ounce.
A recently published report shows that the Central Bank of China added 160,000 ounces of gold to its reserves in March. Türkiye, India, Kazakhstan and some Eastern European countries also bought gold during the year. now.
Although the market is expecting the US Federal Reserve (Fed) to loosen monetary policy in June, according to TD Securities commodity strategist Bart Melek, if the upcoming data continues shows that the US economy is still strong, which may cause the Fed to not rush to cut interest rates. In that context, gold will not be able to maintain its increase. Central bank purchases and geopolitical tensions are other supportive factors for the precious metal.
According to CME Group data, traders are pricing in a 52% chance that the Fed will reduce the federal funds rate by a quarter point in June. However, the latest report shows that the US job market remains strong strongly has raised doubts about the Fed's ability to pivot policy.
GOLD-analyze
Multiple Israeli media reported over the weekend that the Israel Defense Forces withdrew most of its ground troops on the 7th after April's continuous fighting in the southern Gaza Strip, including Khan Younis. There is currently only one brigade left in the Gaza Strip to prevent Gazans from returning to northern Gaza. However, there is no clear indication of a comprehensive ceasefire between Palestine and Israel, and because Israel launched a missile attack on the Iranian Embassy in Syria, it may cause Iran to counterattack, and geopolitical tensions may escalate again. For this week, the market will usher in US CPI data. and Federal Reserve meeting minutes, which need to be focused on
The key point of gold's trend this week is 2250. After falling below 2250, we will consider whether this wave of gold has peaked.
Today, the Asian market fell to around 2302, and then rose to around 2353, indicating that gold has a strong will to rise, but the rapid rise has no continuity. We are still waiting for support points before buying. If you want to sell, you can wait 2370-2075, use small lots
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GOLD-Trading advice for next weekThe number of non-farm payrolls in the United States increased by 303,000 in March, far exceeding expectations. The number of new jobs in the United States in January and February was revised upward by 22,000. Although the overall number is bullish for the US dollar and negative for gold, it has not actually changed the strength of gold's rise. . The current market performance is more of a risk aversion to the impact of the geopolitical situation. The recent focus on Iran's retaliation for the air strikes may be another major factor causing the rise of gold.
This trend has no technical direction. Next, we can only follow the trading rhythm of Thursday and Friday. In principle, if it cannot rise, we will do short-term selling, and if it cannot fall, we will buy at the support point. Most people in the market now want to know where is the high point of this gold rise and when will it fall?
It is meaningless to discuss when to fall. Even if gold rises another 100-200, it may still exist. Therefore, in this period of trading, follow the trend and wait for support points to buy. Before there is a clear top, do not blindly speculate on the room for decline. Of course, I have always emphasized that there will definitely be room for adjustment when gold rises, and it may plummet at any time, so I still emphasize the use of small lots and not long-term trading. First, the non-agricultural data in March was negative, and the gold price continued to rise after a slight decline. , the short position in the market may gradually be reflected next week as the US dollar rises. Second, the daily cycle and the weekly cycle have now formed a large-level top divergence state, and there is also the possibility of downward adjustment at any time. Based on these two points There may be changes, so don't blindly buy gold next week, wait for support to buy reasonably, and there will be CPI data released next week, and then we will observe the extent of the market impact.
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GOLD-Impact of non-agricultural data
In the week ending March 30, the number of Americans filing initial claims for unemployment benefits increased by 9,000, reaching a seasonally adjusted 221,000, the highest level since late January. Economists surveyed expected 214,000. The number of applicants has hovered between 210,000 and 212,000 for most of March. Although the number of layoffs increased to a 14-month high in March, the number of layoffs has changed little compared with the same period last year. The survey shows that non-farm employment is expected to increase by 200,000 in March, which is good for the US dollar and not good for gold.
Gold did not break through a new high yesterday. For the time being, we can see that the resistance of gold is around 2305. Based on this, gold may peak during high fluctuations. If today's non-agricultural data stimulates another drop, the market may continue to fall in April. The uncertainty is very high. All these changes and changes need to be judged after the non-agricultural data. Today’s market is divided into two steps. The first step is to look at the performance of the Asian and European markets before the non-agricultural data. The second part is to look at the performance after the non-agricultural data.
Today you can sell near 2305, SL: 2310, aggressive traders can sell near 2295, control the position reasonably, and use small lots
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Trading strategy before Nonfarm news on April 5World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning.
World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will conduct further easing. loose monetary policy this year.
According to TD Securities commodity strategist Bart Melek, market expectations increased after the Fed Chairman's recent speech. Accordingly, Mr. Jerome Powell agreed that lower policy rates would be appropriate “at some point this year.” He and other Fed officials also emphasized that more economic data is needed before making a decision to loosen monetary policy, a move that financial markets expect will take place in September. 6.
According to market analyst Carlo Alberto De Casa of Kinesis Money, strong demand from Asian markets, especially from China and solid demand from central banks, geopolitical risks and expectations surrounding interest rate cuts by central banks are factors that have fueled the rise of gold in recent times.
Strong central bank buying and solid safe-haven capital flows amid growing geopolitical tensions have boosted demand for gold, up more than 25% since October.
GOLD-Strong
Now the market is not only hyping the expectation of the Federal Reserve to cut interest rates, but also hyping the risk-averse impact of the escalating geopolitical situation. There is also a crazy influx of bull buying. Anyway, it is various factors that drive the rise of gold.
The ADP data released by the United States on Wednesday was negative for gold and had little impact. On the contrary, the US ISM service industry PMI data was released. The US dollar fell sharply and gold surged again. It is not normal for such non-key data to increase the impact on the market. In fact, it also shows the market's The mood is unstable. On Thursday, we will focus on the unemployment benefits data released by the Federal Reserve. On Friday, we will focus on the non-farm data. The latest inflation data will be released next week.
The absolute upward trend of gold is a step up every day, and the support points below are dense. However, the market has a certain pattern this week. The Asian market generally either rises strongly or fluctuates. Trading must not chase the rise, and wait for the pullback support points to buy. , the lower support point is near the 4H period unilateral moving average support 2285 or the daily unilateral moving average support 2272
Gold has risen a lot. Under the rising trend, we can only follow the trend, but we also need to pay attention to the risks. Again, we remind you to use small lots.
The focus of the U.S. market is on the unemployment benefits data. Wednesday's ADP data is negative for gold, but it does not actually have much impact. The unemployment benefits data is expected to have little impact. However, it is worth noting that the super divergence of the 4H cycle is now more obvious, and the overbought indicator is obvious. , there may be room for a big drop tonight with the help of data, and in terms of market sentiment, buying orders below 2300 also have the idea of taking profits. A big drop is also normal. We should be cautious about the temporary extreme strength.
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WILL XAUUSD REBOUND FROM 2300 ? 💼✨Embark on a Golden Odyssey! 💫💎✨
🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈
🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But fret not! Within the narrow confines of 2302.50 to 2294.50 lies both caution and potential. 🚀🔒
🔮 Peer into the crystal ball, and you'll catch a glimpse of the potential for an exhilarating downward correction. Yet, in this dance of fortunes, lies the essence of trading wizardry! 🌈✨
📈 Envision this: A daring breach above the range could ignite a frenzy of buying, propelling us to the lofty peaks of 2310.50 . Conversely, if we descend below, seize the opportunity to sell and gracefully ride the waves down to 2287 and 2275. 📉🚀
🤓 Your journey through this analysis isn't just informative; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅
✌️ Until we meet again, may your trades be bountiful and your path adorned with triumph! 🌍💫💰
Gold trading idea ready (Read the caption)Hi Traders Gold price is ready
Gold currently experiencing worldwide
Down trend has reached its highest price ever
I predict that the market will bounce back
From the resistance level move towards the Nearby support level
Gold sell from 2177_2183
Target zone. 2140
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