Goldlongterm
What is the secret to continuous profit in gold trading?
Gold will continue to fall in the short term. If you are long, be cautious. If you are short, remember to set a stop profit.
In New York time period, gold continued to fluctuate at a high level. It continued to fluctuate in the range of 2403-2410. There was almost no news on Monday. But the price of gold did fall from 2460 to 2360 and then bottomed out and rebounded above 2400.
Judging from the data last week, the pressure on the bears is very high. In addition, almost all the news this month has been landed last week. Combined with the current market, there is no major news for gold to further break through the highs. The only possibility is the momentum brought by the news of the war, but for the time being, this is unlikely to happen.
So in terms of operation, it is still mainly selling at high levels. The short-term target below is below 2390.
What is the secret to continuous profit in gold trading?
That is to follow my steps. Follow the guidance. Trade with accurate signals.
So far, members who follow the transaction have almost never failed. Investors with large funds make big profits. Investors with small funds make small profits. After all, it is still difficult to lose money in such a market. The amplitude is large enough. There are enough opportunities for operation. As long as you don’t trade blindly, it’s just a matter of how much money you make. Of course, if your current account is still in a state of continuous loss, remember to follow me. It is only a matter of time before you turn losses into profits.
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
xauusd:It will rise again next week!All the strategies I sent this week are profitable. Shorting gold after the release of NFP data today has made huge profits again.
But I predict that gold will rise again after reaching the support position next week, because DXY will continue to fall, which will further drive gold up.
If your current account is still facing losses or there are orders to be processed, you can leave me a message and I can help you solve it.
I will send more accurate strategies in the future to help you make greater profits. Keep paying attention to me, there will be accurate signals every day!
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
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
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.
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.
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.
Gold next week trading signal analysisAt the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also did recover the early losses and further profits, to the single, this month, profit and loss, the current statistics there are nearly 100 points of profit, The specific profit this month is about 98 points, this point, you can compare and verify yourself, in short, the list is one to one, this point, you can judge yourself. Of course, due to the actual and operational process will inevitably have a little accident, so the specific profit and loss, you also need to compare according to their actual situation, in short, as long as there is no accident, such as the market malicious washing and Chen Feng my state of instability, otherwise the cycle is just the number of profits, this, thank you for your persistence. So now, July is coming to an end, other, I am not greedy, there is a good ending on the line, then at the moment, other, I do not say much, directly to next week's market analysis, you can read the following reference to understand.
-- Gold Friday market review --
Friday morning, gold opened in the 2364 line, the opening that fell into the 2364-2361 range of oscillations saw, but the good times did not last long, early in the morning, gold suffered a wave of crashing disc flash collapse in 2355, and then blocked to usher in a bull counterattack, gold is therefore a break of 2360-2370, the highest to 2379 line to usher in a stop back down, Long and short in the 2378-2370 range after a sawing encounter under 2370, but the bears did not usher in a further outbreak, but on the eve of the European trading stopped at 2368 ushered in a rebound 2375 line. During the European session, gold first went down a wave near 2365, and then stopped to usher in a slow rise in shock, gold is also slowly going up a wave near 2375 ushered in a stop shock, overall, during the European session, gold is deep in the 2375-2370 range. And the United States trading period, PCE data released bearish, but unexpectedly, gold did not usher in a sharp fall, but was blocked by 2371 ushered in a bull outbreak, gold is therefore broken 2380, the highest to near 2391 to usher in a halt, then fell back 2379 blocked into a wide range of volatility, long and short in 2390-2380 repeatedly saw, It closed at around 2,387.
- Is gold hitting a stage bottom? Super week attack, gold long short how to choose? -
At the end of the week, for this week, gold is also relatively ushered in a large fluctuation, at the beginning of the week, gold shock from 2400 above ushered in a short outbreak of 2383 stop rebound, gold on the eve of the outbreak of GDP data, the highest is also a rebound of 2431 line, then for this point, I also mentioned in the blog earlier, In the case of gold sticking to the see-saw near 2400, there must be a rebound near 2420, more likely to break 2420 and usher in a reversal plunge, then in fact, the market is also fluctuating as I analyze, after all, as of Thursday, GDP and unemployment benefits and PCE data are all as bearish as I analyze. Gold is also expected to usher in lower 2360, and for this I also said, gold is expected to usher in a stage bottoming out in the 2360-2350 region, and gold is also in the 2353 ushered in a recovery, just said Friday Chen Feng I expect PCE more help gold bulls counterattack 2400-2420, in fact, The highest also rose to around 2391, which is still a little gap with my analysis, but in general, PCE explosion and negative rise this is a fact, this, you can read my recent analysis blog to verify.
So what about next week's gold bulls and bears? In fact, for this point, I don't need to say that you all know that next week's market is not simple, after all, for next week, the Federal Reserve interest rate resolution and Powell's speech came, coupled with the multiple outbreaks of ADP, PMI, unemployment benefits, non-agricultural, unemployment rate and other data, in terms of this market, I think it is limited ability to make a clear prediction and control. In fact, I can't blame me, after all, the current gold market, institutional control of the influence is too big, the influence of the data is limited, moreover, in the near future, the surprise of the data is also slightly increased, take Thursday, PCE data range is so lower than the previous value of the case, Friday's PCE annual data is actually synchronized with the previous value, in terms of this possibility, Minimal probability can appear, which also reflects the current market is not calm, especially at present, the market expects the possibility of the Federal Reserve rate cut in September is a certainty, and then refer to the current inflation slowdown and the Federal Reserve officials said that the need to cut interest rates in advance of the speech, maybe this week will usher in the rate cut landing is not necessarily, so in this case, you also need to be cautious. Of course, for next week, if the data is positive, Powell does not rule out the possibility of further eagles to fight interest rate cuts, this point, you must not blindly bet on the short.
So for next week, at the beginning of the week, we must still look at a wave of rebound, after all, gold on Friday since the 2355 stop to rebound, this wave, gold is also facing a stage of bottoming out, after all, in any case, in the case of excessive interest rate cut expectations, gold since 2483 high 2353, Bears have ushered in a fall of 130 points, in the short term, gold also has a certain rebound demand, coupled with the current interest rate minutes and Powell's speech in the case, gold will have a high probability of buying expectations to pull up, that is, before Thursday, gold will have a high probability of further impact 2420-2430-2450, of course, Do not be too happy too soon, after all, for Powell's speech, his remarks are often disappointing, once Powell unexpectedly put eagle in this speech, coupled with the strong non-agricultural employment performance, that gold may also usher in the possibility of further collapse, for next week, the focus is to pay attention to the market news situation and then choose the future market, All in all, next week, the market will inevitably have malicious control of the situation, you must remember to pay attention to the control of risk.
So for next week, Monday, it is expected that gold will not have any big high and low open possibility, in this regard, for Monday, you can focus on a wave of 2390 can be successfully broken, of course, if 2385-2380 does not break, you can also directly see more than 2400 mark gains and losses, such as successfully broken 2400, Then do more directly on the trend to see 2420-2430. Of course, if you break 2380, you can also wait for 2373-2370 not to break again. All in all, for next week, try to keep back to the long to layout, short cautious. As for the specific analysis and operation details, I will make an update on Monday, please remember to strictly follow my requirements to control the position and stop loss basis.
Gold (XAUUSD): Bearish Signals Hint at Possible Drop to $1000!Upon examining the monthly gold chart, it appears there could be a significant price drop, a secondary scenario in our analysis. We don't foresee a 50% decrease in the near future, though it's not impossible, especially if the market downturn affects all sectors, including gold. It's crucial to consider all possibilities due to market unpredictability, even a drop to $1000 per ounce.
This view is backed by a bearish RSI divergence since 1966 and signs that we might be completing the first 5-wave cycle, which could reach up to $3000 per ounce but should not exceed this level.
Currently, the apparent breakout seems to be a fake-out. Surpassing $3000 would mean our analysis underestimates the bullish potential.
Elliott Wave Theory suggests Wave 5 might break out from the trendline formed by Waves 1 and 3, create a fake-out, then sharply decline, aligning with our secondary scenario for gold. We plan to further explore and outline our primary scenario in the next section.
Anyway, when closely examining the 12-hour gold chart, we primarly anticipate a continued upward movement rather than a sharp downturn. We believe that the minor Wave 1 has concluded, and we should see a retracement to the 50-61.8% Fibonacci level, where we expect to find support at the High-Volume Node.
The recent upward trend has been quite extreme. Therefore, we predict finding support between $2,200 and $2,130, before potentially breaking through the $2,500 mark, which we expect to coincide with the completion of the major Wave (3) or minor Wave 3.
GOLD in Double Top PatternHello traders!
Today, I have an idea for Gold, which has formed a pretty clear double top pattern.
Here's some info on how to trade this pattern:
1) We can open a position after crossing the support line, but be careful; a retest is also possible. If we get a retest, I will open the position from the highest low.
2) Place the stop loss around $2330, according to the continuation of the movement. The TP area is in the green box.
3) Use leverage of 5-10x. Risk not more than 5% of your deposit.
IMPORTANT! Always follow your RM strategy!
What are your thoughts on this double top, guys?
GOLD WEEKLY ANALYSIS Hello traders, here is a setup of Gold for the upcoming week as you can see the price of Gold right now is neutral, and if we use Support and Resistance you can see the price has created a support zone and a resistance zone so now we have to wait until price breaks on of these zones then we can look for opportunities to go Long or Short.
XAUUSD: 20/5 Today’s Analysis and StrategyGold technical analysis
Daily resistance is 2450-2500, support below is 2413-2371
Four-hour resistance is 2450, support below is 2413
Gold operation suggestions:
The strong dividing line for short-term bulls has moved to the 2400 integer mark, and the daily level has stabilized above this position and continues to maintain the trend of low and long bullish rhythm.
Judging from the daily gold trend, the lower support for gold is focused on 2413-2400-2370, and the upper focus is on 2445-2450 for suppression. The bull situation is still strong, and market risk aversion continues to heat up, so we can do long at low levels in operation, and the risk of trading with the trend is low. .
BUY:2415 near SL:2411
BUY:2400 near SL:2397
Technical analysis only provides trading direction!
Gold Continues Higher . . . Look for Small PullbackWhere are we today? We are in a rising wedge . . . and there is a risk that gold eventually breaks this primary trend levels . . . but, if past is prologue, then we should see a 15 minute retracement into our next buy at the 4 hour HWB long setup. . . around 2391-2393.6 area.
Gold prices remain bullish. Available to buy now
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue.
Today’s trading target remains at 2186-2190. Mainly buy low.
Radical friends can do so at a location near 2177.
Friends who don’t want to take risks can proceed below 2175
Control risk when trading.
How does the gold price work in the London market? Must see
In fact, it is not difficult to see from the above chart that the market is undergoing an inverted triangle arrangement. The current high point above is above 2312. The upper trend pressure position has been touched. Combined with the current ebb of news. The probability of gold falling under pressure is relatively high. At the same time, the U.S. dollar is also showing signs of an oversold rebound. This is closely related to the impact of last week's non-agricultural data release. Operationally, I mainly sell gold at high prices.
The target position below can be set below 2290. Of course, if the profit reaches your expectation, you can close the order at any time. Keep profits stable in your account balance.
GOLD EXTENDED RETRACEMENT - NEW LAUNCHPADLooking for Gold (XAUUSD) to have a larger retracement prior to continuing bullish in the longterm.
I am waiting for a retest of the resistance around the $2400 price.
I will then be looking at the lower timeframes 4H, 1H, 30Mins for sell entries.
First profit taking level will be at the $2185 level, where I will move my stop loss to breakeven.
Full take profit at $2072.50.
Once the final take profit level has been hit, I will be looking for buy positions to continue moving higher. This will be the my new launchpad for Gold.
Let me know your thoughts, are you looking for buys or sells?
Press the take-profit button for short orders, and the European
Spot gold prices continued to fall in early trading Tuesday. Spot gold fell below the 2,300 mark for the first time since April 5 in early trading, with an intraday drop of more than 1%.
After the continuous decline in the previous trading day, especially after falling below the 2372 support line, the defense line was broken down, which means that the decline will continue. We started to follow the operation and opened short to the 2331 line twice in a row, and fell further in the late trading. After finding the 2324 support, it opened lower and fluctuated. We directly chose to follow the short position again at 2333/34 and successfully exited with a profit. The market price fell directly below the 2300 mark and once fell to the 2295 line.
After the market fell in the morning, there was no significant rebound around noon. It reversed at 2315 points and then began to consolidate at a low level. Under normal circumstances, the Asian market falls and pulls back around noon, but the European market still needs to be further bearish, especially since the Asian market rebound is not obvious and shows a low and volatile trend, so the price is still weak, and you should continue to follow the short side at this time. , launch suppression around 2315, and continue to look at the 2300 and 2294 lines.
International golden thinking layout, for reference only:
1. Short-term: Start suppression near 2315, continue to look at the 2300 and 2294 lines
Inhibition points: 2315, 2324, 2334
Support points: 2300, 2294, 2282
If you like my analysis ideas, please tell me
Gold prices will return to highs again. Buy gold nowLast night, the price of gold broke through a new high again, reaching the 2287 line. As expected last night. Then it continued to fluctuate until the European market opened because prices were on the higher side. Gold made a technical repair after the start of the European session. The price of gold plummeted by about $20 from 2287. The current price is 2268.
News: Risk aversion caused by the war in Gaza continues to ferment. Short-term bulls are still strong. gold. Dollar. as a hedging product. They all continue to attack.
Trend: Overall, buying at low prices is still the main trend. It is not difficult to see from the above picture that the short-term repair is only for a day. The general cyclical trend is still upward. From an hourly perspective, the current support position for technical repair is located at the 2259-2264 line. Combined with MA technical indicators, there is a certain pressure for long-short conversion at 2270. Once the 2270 position is established, it will inevitably rebound within the day.
During the day, buying is still the main focus. Today we focus on the impact of the announcement of ADP news. On Friday, we need to focus on the release of (U.S. non-farm payrolls after seasonally adjusted March).
trade:
Gold price is at 2263-2268 to buy
tp2283-2287
SL2254
Pay attention to controlling risks and positions during operation. Stay concerned.
Sell gold and wait for a sharp decline.
The price of gold is too high for the market price. A pullback is needed to get the market moving higher again. And I was the one who sold gold at high levels.
2158-2163 sell gold
tp2243-2248
sl2270
I will continue to update if there are opportunities to continue buying in the future. Stay concerned.