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XAU/USD: Don’t chase the highs, beware of retracement risksGold market fundamentals: The market believes that the Fed will definitely cut interest rates in September, but the uncertainty is whether it will be 25 basis points or 50 basis points. The decline in U.S. bond yields and the low dollar index make gold more attractive to investors holding other currencies, providing some support for gold prices. In addition, the geopolitical situation in the Middle East remains tense, which also provides safe-haven support for gold prices. Technical aspects of the gold market: With the rise of today's Asian and European sessions, the gold price is now above 2440 points, and the resistance of 2430-2440 has been broken. The nearest resistance above is the previous high of 2458. From the trend of the daily chart, the 4-hour chart and the 1-hour chart, it is an upward trend, so it is sufficient to continue to be bullish in the general direction. In the short term, due to the pull-up of today's Asian and European sessions, the price is at a high level. I think it is very likely to rise again after a correction in the short term. Trading strategy: I will not chase the rise today, but consider buying when waiting for the pullback support. Support range: 2425-2435 Resistance range: above 2458 Daily risk data: US New York Fed 1-year inflation expectations in July
OANDA:XAUUSDLong
by AntonyTP
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly. The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people! This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly. Today's profit is 7000+
TVC:GOLDShort
by David_strategy
CPI data comes, gold price is expected to exceed 2500Judging from the current gold price, I think it is of little significance to refer to technical indicators. From the hourly chart, it is not difficult to see that gold has been fluctuating in the range of 2458 lows and 2475 highs in the past two days, and this state is very likely to change after the release of CPI data in 1 hour. The current gold price shows an obvious bullish trend under the influence of geopolitical crises, interest rate cuts and other factors, and the safe-haven demand and attractiveness of gold prices are still increasing. In the short term, the price is very likely to break through the historical high and stand firm at the 2500-point integer mark. The release of CPI data will not have a great impact on the current bullish trend of gold. If it is bullish for gold, the bullish power will be released directly, directly to 2500 points. If it is bearish for gold, the bullish power will be significantly stronger than the shortish power. This situation will not cause gold to turn downward. Therefore, my strategy today must be mainly bullish. Here are two ideas for your reference. The first is to buy directly at the current price and wait for the price to rise. The second is to wait for the data to be released. If you are bullish, you can directly chase the rise, and if you are bearish, you can wait. Buy at the low point after the negative power is released
OANDA:XAUUSDLong
by AntonyTP
#XAUUSD/H4 GOLD had good trading on the second dayAsia-Europe session analysis on 12/08/2024: Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future. The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order. Recommended Orders: Plan 1: BUY XAUUSD zone 2407-2411 SL 2405 TP 2414 - 2430 - 2455. Plan 2: BUY XAUUSD zone 2403-2405 SL 2399 TP 2410 - 2430 - 2437 - 2455. Plan 3: SELL XAUUSD zone 2457-2460 SL 2463 TP 2450 - 2437 - 2400 - open.
FX:XAUUSD
by wetdyerap
Gold Trend AnalysisContinuing the plunge in stock markets on Monday, gold also headed for a low. The reason is that the market's expectations for the Fed to cut interest rates by 50 basis points in September have declined. The yield on the 10-year U.S. Treasury bond has risen to 3.94%. These two pieces of information have undoubtedly greatly weakened traders' confidence in entering the market. However, as a traditional safe-haven asset, gold has performed well amid geopolitical tensions and concerns about a global recession. Continued tensions in the Middle East and concerns about the outlook for the global economy have provided support for gold. At the same time, data from the People's Bank of China showed that gold reserves at the end of July were the same as the previous month, showing the central bank's stable demand for gold. Support level 2430 2450 Resistance level 2395 2385 2370 What do you think of the trend of gold? Welcome everyone to follow and comment
TVC:GOLD
by David_strategy
Black Monday hits, and the stock market is all downThe US dollar index rose 1.1% The largest single-day percentage since November Gold fell 2% Nikkei and Dongzheng index fell nearly 9% South Korean stock market fell 8% Basically, all Asian stock markets ended in a bloodbath Monday gold analysis Support level 24218 2420 Resistance level 2455 The market has been volatile recently. I hope every trader will enter the market with caution. I will release the latest news every day You can follow me You can also raise your concerns in my comment area
TVC:GOLDShort
by David_strategy
Gold analysis: It will definitely rise next week!Today's gold and US dollar trends are currently moving in both directions Currently, gold has fallen rapidly after reaching a high of 2477 and is hovering around 2430. The analysis of gold and the US dollar in the past few days is completely in line with my predictions. All the opinions I posted also confirm this result If you don't have a clear understanding of the market control now or don't fully understand the transaction, you can contact me I will guide you to make the most correct choice Of course, I will also push the latest information every day
TVC:GOLDLong
by David_strategy
Which way will gold trend before the release of non-farm payrollMarket analysis: Yesterday, the gold market opened at 2448 in the morning, and then the market rose to a high of 2458.3, and then fell. The daily line reached a low of 2430.1, and then the market started to rise. The daily line reached a high of 2462. during the US trading period, and then the market fell back in the late trading. The daily line finally closed at 2446.3, and the daily line closed with a long-legged cross star pattern with equal upper and lower shadows. After this pattern ended, the daily line market was close to the upper Bollinger rail pressure, and whether it could go up further depends on the evening non-agricultural guidance. In terms of points, the long positions of 1996 and 2028 below, the stop loss is followed at 2250, and the long positions of 2434 and 2431 yesterday were reduced and the stop loss was followed at 2431. With the upcoming release of non-agricultural data and the possibility of a full-scale conflict in the Middle East, and the corresponding explanation of the Fed Chairman on the September rate cut, I believe that everyone has a basic judgment on the trend of gold. My personal analysis is that gold will reach a historical high If you have other ideas about this point of view, please like it and write your ideas in the comment area
TVC:GOLDLong
by David_strategy
NFP is about to announce whether gold can break through 2484I must remind you that my strategy is very long, but it is rich in analysis and details. Be sure to read it carefully. This is a great learning opportunity and I hope you don’t miss it. 8.2 Sharing of gold strategies and operation ideas With the escalation of the Middle East conflict crisis and the Fed's dovish stance, yesterday's multiple data were bullish for gold, pushing the gold price to move up continuously. Today, the Asian and European sessions have once again ushered in a rare pull-up, with the highest point reaching 2468. Under this general background, we can still maintain the bullish strategy unchanged. As risk aversion caused by geopolitics in the Middle East escalates, coupled with the possibility of expanding conflicts at any time, gold may once again experience a sharp rise. The Fed's September rate cut is a foregone conclusion, and the probability of increasing the rate cut basis point is still rising. This is the first rate cut in more than four years, and the impact can be imagined. From the daily chart, under the bullish technical background, it is inevitable that the gold price will test the historical high of 2484 points, but considering that the current gold price is relatively high, there may also be the possibility of a sharp price correction due to profit-taking. Therefore, our idea is to be bullish, but not to chase the rise, and wait patiently for the price to fall back. Although today's NFP data is an unstable factor, I think that in the context of the generally optimistic market, the negative impact of NFP data will not be too great. If it is negative, it will give us the opportunity to intervene at a lower price. On the contrary, if it is positive, everyone will be happy. Operation strategy: Be conservative and wait until around 2335 to intervene, and be aggressive and intervene at 2350.
OANDA:XAUUSDLong
by TX-7
The Middle East conflict has begun againIranian leader orders direct attack on Israel Supreme Leader Ayatollah Ali Khamenei issued an order at an emergency meeting for Iran to strike directly at Israel in retaliation for the killing of Hamas leader Ismail Haniyeh in Tehran, according to three Iranian officials reported by The New York Times. Iran and Hamas accuse Israel of assassinating Haniyeh, who was in Tehran to attend the inauguration of Iran's new president. It is unclear how aggressive Iran's response will be or whether it will adjust its attacks again to avoid escalation. Iranian military commanders are considering another combined drone and missile attack on military targets near Tel Aviv and Haifa, but will be careful to avoid civilian targets, Iranian officials said. One option under consideration is to launch coordinated attacks from Iran and other allied fronts, including Yemen, Syria and Iraq, for maximum effect.
TVC:GOLDLong
by David_strategy
XAUUSD: Interest rate cut + geopolitical conflict, how to trade?8.1 Sharing of golden strategies and operational ideas This week's gold market can be said to be a trading variety that global investors are paying close attention to. First of all, it is a super data week, coupled with the escalation of geopolitical conflicts again, making investment enthusiasm high. After Israel launched two consecutive political conflicts, the gold price rose by $80 in three days under the support of the dovish remarks released by Fed Chairman Powell. If the data is positive again in the next two days, it is very likely that gold prices will rise by more than 100$ this week. Yesterday, Powell's speech increased the possibility of a rate cut in September. Coupled with the retaliatory statements of Iran, Hamas and Hezbollah, the gold price is likely to continue to rise in the short term. Therefore, our strategy center is mainly to buy at low levels. Judging from the current trend of gold prices, it is undergoing a correction after a sharp rise. Below, we first look at the previous high near 2430, and then look at the support level of 2420. From the picture, we can see that 2420 is the low of the upward trend line. This point is also where the MSA50 moving average and the lower track of the Bollinger Bands are located. In summary, we can intervene at these two support points today. You can formulate detailed operation ideas by yourself or consult me
OANDA:XAUUSDLong
by TX-7
XAUUSD: Remain cautious and wait for pullbacks to buySharing of gold strategy and operation ideas on July 31 Yesterday, Israel launched an airstrike on the capital of Lebanon, targeting the commander of Hezbollah, which led to an increase in risk aversion. Safe havens such as gold and silver suddenly soared in the case of a decline. This morning, the news that the top leader of Hamas was assassinated in Iran again escalated the increasingly tense geopolitical crisis in the Middle East, and the price of gold rose directly to 2425 points. This makes people have to worry that the powder keg of the Middle East may explode at any time. In addition to the geopolitical crisis, today we also need to pay attention to the impact of the Fed's interest rate decision. According to market forecasts, the previous value was 5.5%, and the forecast value was also 5.5%. In my opinion, there should be no surprises in the announcement of the results. But we need to focus on the speech of Fed Chairman Powell after the data is released. Is it hawkish or dovish? This is what really affects the trend of gold prices. Due to yesterday's sudden incident, our bearish signal yesterday was stopped, and the current price came to 2418 points, which changed the current technical form. The previous pressure of 2400 and 2410 has now become support. If today's data is bullish for gold, the price is likely to continue to test the previous high of 2430, or even reach a recent high. If it is bearish, the price will return to below 2400 again. Therefore, today we strive to make a steady layout and patiently wait for the price to fall back to support and buy, with the target being the previous high of 2430. The above strategy is for reference only
OANDA:XAUUSDLong
by TX-7
The trend of gold has clearly shown a gradual upward trend Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge. In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment. In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good. Upward 2388-2402 Backward 2390-2380 The above is purely personal opinion.
TVC:GOLDLong
by David_strategy
9
Middle East conflict breaks out againGold prices rose to around $2,425 an ounce as tensions in the Middle East stimulated safe-haven buying. Previously, spot gold rose sharply by US$27.09, or 1.14%. The Public Relations Department of Iran's Islamic Revolutionary Guard Corps announced in a statement on July 31 that Hamas Politburo leader Ismail Haniyeh and a bodyguard were attacked and killed in Tehran, the capital of Iran. On the evening of July 30, local time, an Israeli drone attacked a Hezbollah target in the southern suburbs of Beirut, the capital of Lebanon . Reuters reported that the Israeli military claimed it killed top Hezbollah commander Shoukair in an air strike in Beirut on Tuesday in retaliation for a cross-border rocket attack three days earlier. The above information may further expand the international market.
TVC:GOLDLong
by David_strategy
XAUUSD: Get ready to receive the super golden week arrival2410 is the last line of defense. Before it breaks through, all the rises are just rebounds rather than reversals. The Israeli attack on Lebanon just now can only be regarded as an emergency. The risk aversion caused by the emergency comes quickly and will retreat quickly without follow-up. Therefore, we must not be anxious and pay close attention to the 2410 line of defense. In addition, many important data of the Super Golden Week have not yet been released. Before the release of this week's data, the direction of gold prices is still uncertain. Try to be patient enough. The focus of the Super Data Week is as follows: (Wednesday) US July ADP employment US June existing home sales index monthly rate Federal Reserve interest rate decision (Thursday) Bank of England interest rate decision US weekly initial jobless claims US July ISM manufacturing PMI Fed Chairman Powell press conference (Friday) US July unemployment rate US July quarterly NFP
OANDA:XAUUSDShort
by TX-7
13
Gold forms a falling pattern as risk aversion fadesThere is not much to say today. What should be said has been explained in yesterday's post. My current strategy remains unchanged. I still maintain a bearish view and will continue to hold short positions. Yesterday I said that it is obvious from the 4-hour chart that gold has formed a head and shoulders top pattern and a plunge is about to begin. As the risk aversion caused by Israel and Lebanon subsides, the factors supporting the rebound of gold are gone, and the only way to go is a decline. Upper resistance: 2390, 2400, 2410 Lower support: 2370, 2350, 2320 Now we need to focus on the ADP employment data and the Fed's interest rate decision to be released tomorrow.
OANDA:XAUUSDShort
by TX-7
1
XAUUSD: Rebound is not a reversal, ready for a sharp drop7.29 Gold Sharing and Trading Strategy Last Friday, gold rebounded due to PEC data, and the escalation of the conflict between Israel and Lebanon led to an increase in risk aversion, and the price of gold once rushed to $2,400. However, political risks obviously overshadowed the subsequent Fed interest rate decision. The data reflected by PCE showed that inflation remained strong. Although it was close to the central bank's target level of 2%, the market still hoped that the easing cycle would start in September. From the 4-hour chart, it can be clearly seen that the current gold is a head and shoulders top pattern. The shoulder position has now been completed, and it is very likely to usher in a plunge here. From the figure, we can see that referring to the previous trend, the support below will be at 2350, 2320, and 2300, so we can use the previous pressure levels of 2385, 2400, and 2410 to sell
OANDA:XAUUSDShort
by TX-7
XAUUSD: Influenced by data and news, it is bullish todayOANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1! Gold fell back to the 2400 integer mark yesterday, and rebounded under the impetus of two favorable data, and the Indian government announced plans to reduce the import tariff on gold and silver from 15% to 6%. India's increased demand for gold may push up global gold prices, as India is the world's second largest gold consumer. Therefore, gold has finally ended the trend of falling for four consecutive trading days. Affected by the above news and data, gold is likely to continue to move upward in the short term. This week, the focus still needs to be on the US second quarter GDP data released on Thursday, and the latest personal consumption expenditure (PCE) price index to be released on Friday, because this is the Fed's preferred inflation indicator. Only after these two data are released will the market really move in a new direction. From the gold price hourly chart The resistance range is: 2425-2430 The support range is: 2385-2390 Trading strategy: first bullish, then adjust according to real-time dynamics
OANDA:XAUUSDLong
by TX-7
XAUUSD: If the rebound is blocked, you can sell boldlyAs expected, gold is now adjusting after a sharp drop last week. Yesterday, under the influence of Biden's withdrawal from the election, the price of gold fell to 2384, but then rebounded to around the 2400 integer mark, and did not form a unilateral market. From the overall trend, the low point is constantly moving down, so we can continue to be bearish in the general direction. The main short-term strategy is to sell at high levels. At present, the price of gold is rebounding, but it will not last too long. The pressure near 2412 and 2420 above is difficult to break through. If it cannot break through, it will only rebound, not reverse. If it is not a reversal, you can boldly sell at high levels
OANDA:XAUUSDShort
by TX-7
Gold needs to be adjusted. Buy first, then sell.TVC:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! Yesterday, the U.S. dollar index recorded its largest daily gain since June 20, as the July Philadelphia Fed manufacturing index was significantly higher than expected, showing signs of a strong U.S. economy. At the same time, market expectations for a ceasefire agreement in the Middle East have increased, which has slightly suppressed demand for gold. Affected by this, the price of gold fell below the rising trend line and is now near the previous support line of 2420. In the big direction, the price of gold has turned from a bullish trend to a bearish trend. This state will not change before new news or data affects it, so trading is mainly based on selling high. From a technical perspective, the unilateral decline is particularly strong, but it cannot be sustained. Now the price has just stopped falling at 2420. I think it needs to rebound upward and adjust before continuing to fall. Summary: There is a need for rebound adjustment after a big drop, and the strategy is to rise first and then fall.
OANDA:XAUUSDShort
by TX-7
4