Goldlong
Gold closes higher and may fall back to peakThe gold hourly line has obviously reached the top. The K line rushed to around 2685, and then the big Yin line directly covered it and crushed it directly. It once fell by 30 US dollars. The top was obviously bearish engulfing. The moving average was directly bent and turned downward. Of course, the gold price deviated far from the moving average, and it was bound to return to the 50-day moving average. Detailed operations during the day: SELL: 2650------2645
XAUUSD:27/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2700, support below 2634
Gold operation suggestions: Yesterday, the technical side of gold finally ushered in a further upward breakthrough and strengthening after repeated oscillations around the 2660 mark. It accelerated to break through the 2685 mark before the US market and quickly fell back. The US market formed a wide range of long and short shocks. Finally, the gold price fell back for the second time and stabilized at the 2655 mark to usher in a second high. The gold price formed a strong bullish operation rhythm above the 2650 mark.
Today, the lower support continues to focus on 2650-2634. The intraday retracement relies on this position to continue to be bullish. The upper short-term pressure focuses on the 2685 mark. Today, we will continue to go long after the short-term decline is in place, and wait for the decline but not short.
BUY:2650near SL:2647
BUY:2634near SL:2630
If a waterfall occurs, please stop loss in time
Technical analysis only provides trading direction!
GOLD - Look only for long position !! Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a strong bullish market structure, so I look only for a long. My point of interest is price to fill the imbalance lower and to reject from bullish order block.
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Gold bulls are strong and aiming at 2700!At present, the support for the continuous rise of gold prices is still the strong demand of the Federal Reserve and other European countries for gradually loose monetary policies; coupled with the tension in Middle East relations, economic downturn and geopolitical relations, gold prices continue to rise. In terms of technical forms, the room for gold prices to retrace is limited, and the time for correction is also very short. The momentum of continuous rise is very strong, and the upward space is expected to continue to open up.
The Asian session is corrected by the conversion of the hourly Yin and Yang lines. The European session began to rise. Even if economic data is released, it does not affect the bullish trend. There is not much room for recent corrections, especially in the European session. There is basically no retracement, and it continues to rise after the middle cross K pattern. Based on the above situation, even if the retracement relies on the top of the previous hourly line Yang line 2675, it will continue to be bullish.
Resistance level: 2683 2690. Break to see 2700
Thursday Market Analysis and SignalsGold fluctuated in a narrow range in the Asian market on Thursday and is currently trading around $2,660/ounce. Although the Fed's interest rate cut expectations and geopolitical turmoil helped gold prices hit a record high of around $2,670 on Wednesday, gold prices then fluctuated and fell back as the decline in new home sales in the United States in August was smaller than expected, and Fed officials said inflation would not fall below 2%. The US dollar and US Treasury yields rose sharply, making gold bulls cautious.
The price of gold continued to climb to a record high, driven by economic uncertainty, geopolitical tensions and global central bank demand. If the situation continues, gold prices are expected to continue to rise, even breaking through $2,800/ounce. However, there are variables in the future, and investors should act cautiously and pay attention to risk management. At the same time, strong demand for gold from global central banks and boosted consumer confidence also support the gold market.
This trading day will release the changes in the number of initial jobless claims in the United States, the initial monthly rate of durable goods orders in the United States in August, and the final value of the second quarter GDP in the United States. Investors need to pay close attention to them. In addition, this trading day will usher in speeches by many Federal Reserve officials, and investors also need to pay attention to them. In addition, it is necessary to pay attention to news related to the geopolitical situation.
Technically, as the RSI indicator of the short-term and monthly and weekly charts enters the high 80 value overbought signal, the price of gold has stagnated after yesterday's high of 2670. The US market formed a volatile downward test of the 50 mark support and made a wave of retracement. The short-term four-hour chart formed a high-level 50/70 range oscillation, the price retreated to the MA10-day moving average to stop the decline and rebound, the RSI indicator was below the high 80 value, the hourly chart Bollinger band closed, and the moving average was glued together. Let's look at the range oscillation during the day.
Trading strategy:
2647-2650 long, stop loss 2639, target 2670-2680;
2670-2674 short, stop loss 2683, target 2650-2640;
XAUUSD: 25/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2650-12
Four-hour resistance 2700, support below 2650-20
Gold operation suggestions: Yesterday, gold technically retreated around the 2620 mark twice and then stabilized and rebounded. After the US market, it accelerated and broke through and stood above the 2640 mark, and continued to strengthen to above 2650 and reached 2664. The overall gold price continued to maintain a strong unilateral upward rhythm around the 5-day moving average support. Gold has new breakthroughs every day and continues to create historical highs. According to the current trend, 2700 is just a recent thing.
Today's support below is short-term focus on the 2650-48 area. If it falls back during the day, it will continue to be bullish and follow the trend. The upper target is still concerned about breaking the high. The short-term bullish strong dividing line moves up to the 2630 mark. The daily level stabilizes above this position and continues to follow the trend of low-price longs. Be cautious when shorting against the trend. I will prompt the specific operation strategy in the VIP signal.
BUY:2657near
BUY:2650near
BUY:2640near
Technical analysis only provides trading direction!
9.26 Gold Short-term Operation StrategyThe gold four-hour line is a positive line throughout the whole process. Even if it closes with a negative line, it can still break through the positive line directly and close with a long lower shadow. The K line always stands above the moving average and always crushes the moving average. The bullish trend has not changed at all, and the support level has been constantly moving up. This is a super buying trend that continues to set new highs.
Short-term operation in the Asian session:
BUY: 2658 Target: 2670
9.26 Technical Analysis of Gold Short-term OperationsGold rose again in 1 hour and is currently trading at 2660 without breaking a new high.
At present, gold has begun to form a small double top. After continuous rise, the bullish momentum of gold has gradually begun to be consumed. A major adjustment is imminent. If the rebound of gold in the US market does not break a new high, it can still be shorted.
On the 1-hour K-line chart, gold has risen. At this time, the Bollinger Bands began to close, and the gold price fluctuated and adjusted. As for the target position, we look at the 1-hour moving average
Today's focus
The number of initial jobless claims in the United States as of the week of September 21 (10,000 people)
Detailed operations during the day:
Sell: 2665 Target 2650-2645
9.26 Technical Analysis of Gold Short-term OperationsYesterday, gold continued to break highs in the US market, performing extremely strongly. The early trading price was 2661. Yesterday, it rose by 30 US dollars and continued to rise to the 2670 line. There is no doubt that with the frequent breakthrough of high points, the rising gold bulls are coming, and the upward trend will accelerate. Bulls will be the main theme in the future; the correction action is presented in the form of shocks.
"Although it has set new highs many times this year and outperformed major stock indexes, in the long run, gold still has room for further growth. Pay attention to the correction in the short term." In a low interest rate environment and geopolitical turmoil, interest-free gold is often the preferred investment.
Today's operation:
BUY: 2650 stop loss 2640 target: 2665-2675
SELL: 2680 stop loss 2685 target: 2660-2655
9.25 Professional Gold Short-term Operation Analysis StrategyToday, the recommended upper pressure position is 2665, and the lower support is 2645. The overall market still shows a trend of raising the low point to a new high, and the structural low point of this round is around 2624. The support effect of this position was also mentioned in yesterday's analysis. So if the market has a strong correction today and directly breaks through 2645 without stopping, the alternative plan is to look at the support of 2638. This position is the support of the Fibonacci 0.618 correction level of yesterday's overall pull-up.
Gold Thoughts 25-Sept-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
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9.25 Gold short-term operation analysis strategyIn the early Asian session on Wednesday (September 25), spot gold fluctuated in a narrow range near its historical high and is currently trading around $2,660.16 per ounce. Gold prices rose by $30 on Tuesday and hit a record high of $2,664, continuing the recent rally. The daily line closed with a big positive, with basically no leads.
In addition to the tensions in the Middle East that have enhanced the safe-haven appeal of gold, the US consumer confidence index has recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased, and the US dollar index has recorded the largest single-day drop in nearly a month, which also provides momentum for gold prices to rise.
Gold is undoubtedly strong at present, whether from a short-term or long-term perspective, especially in the 4-hour period, which basically starts to rise as soon as it steps back on the moving average, and there is basically no retracement. Although gold is undoubtedly strong, this round of gold has risen by nearly 200 points in just two weeks, so the risks of peaking and retracement that I have been emphasizing in my previous articles are needed. Of course, we have no idea where the top is. We all have guessed the top, but the current price is already in danger. When it reaches our position, we can still participate in short orders.
Detailed intraday operation strategy:
Short at 2665, defense at 2670, target 2650-2640
Long at 2635, defense at 2628, target 2650-2660
Wednesday Market Analysis and SignalsIn the Asian market on Wednesday, gold fluctuated in a narrow range near its historical high and is currently trading around $2,662. Gold prices rose by $30 (more than 1%) on Tuesday and hit a record high of $2,664, continuing its recent gains. Tensions in the Middle East have increased gold's safe-haven appeal.
At the same time, the US consumer confidence index recorded the largest drop in three years, and concerns about the labor market are growing. Market expectations for the Federal Reserve to cut interest rates by 50 basis points in November have increased. The US dollar index recorded the largest single-day drop in nearly a month, which also provided momentum for gold prices to rise.
The current surge in gold prices is due to risk aversion due to concerns about the situation in the Middle East. Iran may have the next move, so gold will continue to hit new highs. The total annualized total of new home sales in the United States in August after seasonal adjustment will be released this trading day, and investors also need to pay attention to it. In addition, pay attention to the geopolitical situation and speeches by Fed Governor Kugler and other officials.
Gold continued its strong rise and hit a new high of 2,664. The RSI indicator of the monthly chart touched above 80 and entered overbought, and the RSI indicators of the weekly and daily charts respectively reached the high of 80. The short-term four-hour chart synchronized the RSI high. The trend has not changed, but the indicator has resonated before the opening of the European and US markets yesterday and hit a record high again. Beware of the price using data and indicators to form a high and fall back. Wednesday's trading follows the trend and makes short-term transactions at low prices.
Trading strategy:
2643-2645 long, stop loss 2632, target 2670-2680;
2677-2680 short, stop loss 2690, target 2650-2640;
$GOLD has been going exponential on the daily since April.The TVC:GOLD price is likely to soon shoot up significantly in record time. Exponential curve forming and now the eye can see. As the regression trends show, a steep incline is likely to follow in the price movement.
October XAUUSD options for +3k must soon be strongly in the money.
Less significant retracements now.
BUY!
🧈 GOLD MACRO FLAT 📈Hey guys,
FXOPEN:XAUUSD Has created a macro regular flat structure with a lower degree impulse/correction and has broken out.
Now this may take a long time to play out but I definitely see this being very high probability.
I personally won't be holding on to one position for that long, but I will be taking smaller time frame positions that are bullish riding the trend/current.
Gold - A Reversal Will Happen SoonOANDA:XAUUSD | Gold is still in a bullish market:
After the strong breakout which we saw in the beginning of 2024, Gold started another major bullish market cycle. This cycle is definitely not over soon, but Gold might create a short term correction, which would perfectly line up with the upper resistance of the rising channel.
Levels to watch: $2.650
Click chart above to see the detailed analysis👆🏻
Keep your long term vision,
Philip (BasicTrading)
9.24 Gold Short-term Operation StrategyYesterday, the gold market opened at 2621.6 in the morning, then the market rose slightly to 2131.6, and then the market fell rapidly. The daily line reached a low of 2613, then the market rose, and the daily line reached a historical high of 2635.2, and then the market consolidated. The daily line finally closed at 2628.2, and the daily line closed with a spindle pattern with equal upper and lower shadows. After such a pattern ended, today's market still has bullish demand. In terms of points, the long positions of 1996 and 2028 below are followed by stop loss at 2350. After the long positions of 2601 were reduced last Friday, the stop loss was followed by 2601.
Today's market operation:
2615 long stop loss 2609, target 2635
2640 short stop loss 2645 target 2620