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GOLD:Trading strategy Gold today is the same as I expected, breaking through the range and rising to 1935 But the rise is due to the stimulus of the news, so now you can try to short sell around 1935 Short-term fast trading Gold:sell1935-1940 TP:1931-1927 As long as the decline does not break through the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss or close the transaction when you have a profit. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSDShort
by UnknownUnicorn60055110
GOLD:summary This week, gold, as I expected, gained significant support at the bottom. When it could not fall below 1883, I judged that gold would definitely rise this week. On Tuesday,Gold broke through the daily line, but I know that every time it reverses, it will not keep rising. There will definitely be fluctuations, but it will definitely rise in the end. On Wednesday, gold rose to 1904 and exceeded the resistance point, so I judged that it would not rise, so I decided to sell short decisively and buy when it fell to a low point. On Thursday, gold rose again to 1923, rising by 40 from the bottom. The short-term increase was too fast, and the indicators of each cycle were overbought and very serious, so we can judge that gold fluctuates in the range of 1904-1923. On Friday, because of Powell's speech in the United States, the volatility in the range of 1904-1923 was accelerated. Tomorrow, we need to observe the trend of gold, because the rise many times in 1923 did not break through, so we can temporarily think that the resistance of 1923 is very strong, if we can not break through 1923, then gold will definitely fall again. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSD
by UnknownUnicorn60055110
GOLD:Trading strategy Gold fluctuates very little today, and it is still in a downward trend. Then the current rebound can be sold, but the stop loss must be strictly set, because each decline will not directly fall. Only when gold can rise above 1900 and stand firm can it be judged that gold will not fall again, so that trading will be safer. Gold trading advice today: Gold:sell1897-1900 TP:1892-1887 sl:1903 Today is Friday, the last trading day of the week. Today's volatility is relatively small. If you can't find a more suitable opportunity, you can choose to wait. Sometimes it's better to wait than you are in a hurry. If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
FX:XAUUSDShort
by UnknownUnicorn60055110
7 Dimension Analysis For GOLD /XAU 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: A bullish Choch was completed on July 18th. 🟢 Swing Move: After Choch The corrective phase is nearing its target zone. 🟢 Inducement: Waiting for a reversal inducement to confirm the low and enter an impulsive move. 🟢 Pullback: Following a substantial corrective swing, the first impulsive pullback has occurred, showcasing notable strength based on historical data. Extreme Order Block has been mitigated, providing a favorable demand signal. Time Frame Confluence: Daily and Weekly 🟢 Internal Structure: A bullish Choch has been established, and the corrective move has been completed. 🟢 Trendline Breakout: The initial signal for entry or exit is a trendline breakout. Currently awaiting a breakout above trendline resistance and CIP (Change in Polarity). 🟢 Chart Patterns: A reversal pattern of a Head and Shoulders formation is evident. An upside breakout from the Falling Wedge pattern will confirm the setup. 🟢 Candle Patterns: Relevance is observed, confirming the demand zone based on various studies. Doji: Gravestone Momentum: A strict engulfing pattern; there seems to be FOMO selling at this point. Inside Bar: Today's candle is inside the previous momentum candle and forming gravestone candle. Climax players appear to be entering the market, potentially indicating FOMO selling at the support trendline. 3️⃣ Volume: Significant volumes are evident throughout the entire move, suggesting a significant event. Despite substantial volume, price movement remains subdued. This volume divergence could imply an impending sharp move upon breaking above the resistance trendline. Volume during the entire swing cycle is impressive. 4️⃣ Momentum RSI: 🟢 Zone: Currently in a sideways zone. 🟢 Range Shift: Shifting from Bearish to Sideways, finding support at the 40 level. 5️⃣ Volatility Bollinger Bands: 🟢 A Headfake-type formation is emerging at the swing high, although it is yet to be confirmed. 🟢 The last leg is expected to start, with a high likelihood of initiating a reversal. 6️⃣ Strength ADX: According to ADX, the market is mostly sideways, with bears holding a slight advantage over bulls. 7️⃣ Sentiment ROC: The Rate of Change indicates that Gold is stronger than USD, providing clarity in sentiment. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish, yet the move is nearing completion, potentially prompting a reversal. ☑️ Current Move: Impulsive, waiting for confirmation through internal bullish choch or trendline breakout. ☑️ Candles Behavior: Observing Record Session Count, Longwicks, Doji, Inside Bars, and Momentum patterns, all suggesting possible reversals. ☑️ FIB Trigger Event: Already occurred, indicating a swing liquidity sweep. ☑️ Trendline Breakout: Awaiting confirmation. ☑️ Final Comments: Plan to buy upon trendline breakout. 💡 Decision: Buy 🚀 Entry: Approximately 1934 ✋ Initial Stop Loss: Placed at 1911, to be trailed to 1920 once price surpasses 1938. Additional position to be added in gold. 🎯 Take Profit: Initial target at 1999, considering secondary exits based on changes in internal structure or trendline breakout, including potential FOMO action. 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 20 Days Summary: The comprehensive analysis indicates a bullish swing structure with potential impending reversals. Various chart patterns, candlestick formations, volume dynamics, and momentum factors are considered for this analysis. The planned entry strategy involves awaiting a trendline breakout. The expected trade duration is 20 days, with a risk-to-reward ratio of 1:5. If YOU want become a professional trader and analysis like this don't hesitate contact my any time
OANDA:XAUUSDLong
by Optimum369
2
Gold price today: slight increaseWorld gold price listed on Kitco is at 1,942 USD/ounce, up 8 USD/ounce compared to the early hours of yesterday morning. December gold futures last traded at $1,976.1 an ounce, up $7.3. According to some market analysts, the gold market may be struggling to find traction as inflation remains a major concern and could force the US Federal Reserve (Fed) to continue raising prices. interest rates after summer. Naeem Aslam, chief investment officer at Zaye Capital Markets, forecasts the gold market will continue to struggle as the latest data shows no clear clues as to the path of the next Fed tightening. The market will have to wait for inflation data to be released next week. He said that traders can stay on the sidelines until there are signs that inflation is trending down significantly.
FX:XAUUSD
by SupperTrading-FX
5
Gold before the Fed's decision to raise interest ratesOn the world market, spot gold on Kitco 5/8 traded at 1,942 USD/ounce. Gold price is maintaining at an important resistance level, in the context of the US labor market falling in July, inflationary pressure is still present. ANZ analysts said that the Fed's actions related to the view of adjusting interest rates in the near future could limit gold's rally. Gold is a safe investment asset chosen by many during times of economic uncertainty and geopolitical tension. However, high interest rates negatively affect gold. The key near-term support for gold is around $1,925 an ounce, said Kelvin Wong, senior market analyst at financial brokerage Oanda. If gold falls below this threshold, gold will be able to touch $ 1,895 / ounce.
TVC:GOLD
by SupperTrading-FX
6