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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?
CAPITALCOM:GOLDShort
by SheTradesHub
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!
OANDA:XAUUSDLong
by ActuaryJ
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.
TVC:GOLDLong
by AA_Jack
1
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.
TVC:GOLDShort
by AA_Jack
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?
OANDA:XAUUSDShort
by TheLionsShare
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
FXOPEN:XAUUSDShort
by cdfxcdfx
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.
OANDA:XAUUSDLong
by T0_messenger
Golds next signals to watch.We are now in the premium price of gold and at all new highs. With no history levels to go off or much structure in there's new zones this is what we have to look for next week. Remember due to world events, oil tentions, high interest rates and more. GOLD is long term bullish. Ideally your looking for best buy opportunities. Gold is approaching the top of its current uptrend channel. We looking currently at the 2246 area once trading begins again Sunday. Sells should be seen from here. Or looking at the 15 min time frame. After a clean break and retest of the level 2216.86. Seen below The next best buy opportunity and strong poi, would be at our next order block and fair value gap. This area homes our pervious 2200 resistance that Should turn support now we have finally closed above this level. Along with a 4 hr tend line in this area to. A break and retest of this trend line would indicate Sales down to 2156 also a demand area.
TVC:GOLD
by samstoobad
Golds not done next weeks move.What an amazing week it has been! We executed a flawless trade setup, capturing over 700 pips, driving gold to impressive highs of 2236. Looking ahead to next week, I anticipate further upward momentum towards 2042, marking the top of its current channel. Expectations are for price to fluctuate between 2042 and 2030 before a decisive breakout. Currently, there's a 4-hour fair value gap, with 2200 possibly transitioning into a supportive level. We may witness a retracement to this zone before resuming the upward trend.
TVC:GOLDLong
by samstoobad
Must check before the US market opens. Otherwise you will regret Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion. After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price. Additional operating instructions at the bottom. Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1! The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3. Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY Gold Price Trading: Sell at 2171-2179 tp2157-2160 sl2186 Transactions are risky, so please be cautious!
TVC:DXYShort
by AA_Jack
Gold is in Periods of consolidation and range from 2146 to 2186.Gold Trade Idea Gold is in periods of consolidation and ranges from 2146 to 2186. The mentioned area will be best for scalping in a short time frame. But if you want to confirm the bullish and bearish momentum, then go head-to-head for a swing trade above or below the mentioned area of 2146-2186. The trend on H4 and Daily time frame is still bullish but in short time frame like M30, M15 and H1 the momentum has change from bullish to bearish. My target in Gold will be more high as you think that!
FOREXCOM:XAUUSD
by Bloom_Forex_Official
Gold market analysis The price of gold is now $2157 From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern. Focus on Fed rate decision and Powell press conference The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference. Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts. It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year. The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices. Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDLong
by Gold_Digger_King
Gold market analysis omic data this week led investors to lower their expectations for U.S. interest rate cuts, and pressure on precious metals continued to rise. Gold prices remained stable on Friday, recording their first decline in four weeks. Spot gold closed down 0.30% at $2,155.70 per ounce. Gold prices fell more than 0.8% this week, marking their first weekly loss since mid-February, after hitting a record high of $2,194.99 last week. The settlement price of COMEX April gold futures closed down 0.28% at $2,161.5 per ounce. Data this week showed that U.S. consumer prices rose more than expected in February, and producer prices also showed a certain degree of inflationary stickiness. Everett Millman, chief market analyst at Gainesville Coins, said, “Gold has already priced in a positive push from expectations of lower interest rates... If inflation starts to move higher again, that means policymakers will have to keep monetary policy tighter for longer. policy." "While gold doesn't particularly like a high interest rate environment, if the reason rates are staying so high is because of overheating inflation...that would naturally mean people will turn to gold again." Higher-than-expected inflation continues to put pressure on the Federal Reserve to keep interest rates high, putting pressure on gold prices. The non-yielding precious metal is also used as a hedge against inflation. Expectations of the timing of a rate cut by the Federal Reserve did not stop gold prices from rising. “The timing and pace of Fed rate cuts is a long-term driver for gold. Currently, the Fed needs to be more confident that inflation will return to 2% before it will consider cutting rates. We believe cuts will begin in July this year. The market is pricing in a move from 2024 Price cuts starting in the second half of the year. That is, the pullback in market expectations from March to June may limit price increases. The change of the U.S. ruling party will bring risks to future policies. Amid economic and geopolitical tensions, the stock market A record high. This may make investors more wary of downside risks than upside potential. Volatility is expected to increase as the U.S. election approaches. The risk-off scenario in equities will provide support for gold prices.”
TVC:GOLDLong
by Gold_Digger_King
Gold trend analysis, easily make money for you Hello friends! Entering the European market on Monday (March 11), spot gold consolidated at a high level after several consecutive days of sharp gains. It is currently waiting for the next trend near the record high. The market remains cautious before the key US CPI inflation report, etc. New clues for Fed rate cut. After rising for eight consecutive days, spot gold broke through record highs one after another. It once touched near 2195 last Friday and is currently consolidating at a high of around $2180. Gold prices hit a record high of $2,194.99 for a fourth straight day on Friday after data showed a cooling in the U.S. job market. According to the current gold trend, the gold price is currently fluctuating at $2,180. Short selling is still not a wise approach at this stage. As far as the current trend is concerned, the gold price may correct. Pay attention to the gold price trend at any time to make the right choice. I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances. For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSD
by Gold_Digger_King
Gold trend analysis, easily make money for you Gold trend analysis, easily make money for you In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180. Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute chart, gold prices continue to trade within an ascending channel. Gold prices surged to a record high after data showed a rise in U.S. unemployment, boosting expectations that the Federal Reserve may soon begin cutting interest rates. Data released by the U.S. Bureau of Labor Statistics on Friday showed that the U.S. non-farm payrolls increased by 275,000 in February, higher than the expected 200,000. However, the number of new non-farm payrolls in December last year was revised down from 333,000 to 290,000. people. The U.S. non-farm unemployment rate unexpectedly rose to 3.9% in February, a new high since January 2022, higher than market expectations of 3.7%, and the value before January was 3.7%. The average hourly wage in the United States increased by 4.3% year-on-year in February, in line with expectations of 4.3%. The wage growth rate in January was revised down from 4.5% to 4.4%; the average hourly wage growth in February fell to 0.1% month-on-month, which was lower than expected. 0.2%, the previous value was revised down from 0.6% to 0.5%. Spot gold closed up $19.38, or 0.9%, at $2,178.95 per ounce on Friday, with gold prices hitting an intraday high of $2,195.07 per ounce. As I said before, the probability of gold rising is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly; Therefore, the short-term recommendation for gold is to go long on dips. It is still not recommended to go short and wait for the opportunity to go long at low levels. Recommendation: Go long around $2178 TP 2190 SL 2168 Listen to my signal and advocate seeking victory in stability and not making rash advances. If you want to make easy profits, please follow me Comments welcome!
OANDA:XAUUSD
by Gold_Digger_King
Gold price trend analysis, easily make money for you On Friday (March 8), the price of gold hit a maximum of $2,193. Gold prices were on track for their biggest weekly gain in five months, boosted by hints from Federal Reserve Chairman Jerome Powell that he would cut interest rates. Spot prices surged more than 3.5% this week, indicating strong investor expectations for a rate cut. Gold prices are on the verge of their biggest weekly gain in five months and near record highs, buoyed by Powell's hints that a rate cut could come mid-year. This week alone, gold spot prices soared by more than 3.5%, marking the largest weekly increase since the conflict between Israel and Hamas escalated in mid-October 2023, and is expected to rise for a third consecutive week. Speculative trading has fueled the rise, but the underlying driver remains expectations of upcoming interest rate cuts, boosting gold's appeal. Meanwhile, the U.S. dollar is set for its biggest weekly drop this year, further increasing gold's appeal to investors holding other currencies. The current resistance level is $2193.25 and the support level is determined at $2174.34 Combined with the current gold trend: it is predicted that gold prices will continue to rise; Short-term recommendation: Go long around $2,175 TP 2190 SL 2165 Listen to my signal and advocate seeking victory in stability and not making rash advances. Comments welcome!
OANDA:XAUUSDLong
by Gold_Digger_King
2024 Inflation Deceleration Projection - Long GoldMy views of Inflation: In essence, the inverse correlation between gold and real rates persists, I anticipate a transition from QT to QE by the Fed come May, and subsequent rate adjustments in 2024, propelling Gold towards my $2300-$2400 target. My projection is underpinned by my forecast in the deceleration of inflation, evidenced by the significant retracement in Core CPI and Core PCE post hikes witnessed '21/'22. I anticipate a cessation QT activities by the Fed, given the satisfactory contraction in inflationary pressures, albeit with a cautious eye on the potential persistence or escalation of inflationary trends in the forthcoming periods. The question begs, will inflation be aligning with the Fed's 2% target? Yes, I believe it is, and this bolsters the thesis favoring Golds appreciation. Currently, Core CPI and Core PCE trends underscore a significant retreat from the '21/'22 peaks, courtesy of the Fed's QT regimen. As I (and markets) anticipate May cuts, I infer the Fed's QT was adequate in curbing inflation. The latency in real rate adjustments post-Fed hikes may even suggest the Fed may have even overdone QT. The forthcoming period is critical for assessing persistent versus transitory inflation dynamics, again, with an overarching trajectory into inflation's trend towards Powell's 2% target. I believe this leans towards this alignment, underpinned by mostly structural inflation rather than cyclical, structurally; attributed to post-Covid supply chain recalibrations. Although I believe cyclical inflation occurred, I believe the Fed's QT was more than enough to put the foot down. This is because the structural inflation mitigation underscored the inefficacy of cyclical monetary policies in addressing non-cyclical inflation. Though I cannot stress this enough, I still believe cyclical inflation occurred and it is a problem to present itself come '24. It seems Powell is quite tipsy, as he does not want to mess things up, after seeing headline CPI data in early January '24 on the 11th come out, Powell thinks he may have jumped the gun on his dovish FOMC meetings prior to the data. We're observing an inflation slowdown, edging towards the Fed's 2% target, with a keen eye on inflation-growth dynamics and the Fed's uncertain stance influencing inflation's trajectory. The onset of a rate-cutting cycle sees downside-skewed inflation, with the main ambiguity revolving around the extent of cuts. Post headline January '24 CPI led Powell to believe he jumped the gun to his prior dovish FOMC meeting in December '23, amid core CPI and PCE indicating steady deceleration, validating Fed's inflation target alignment. Energy's influence on headline figures contrasts with core deceleration, hinting at possible hawkish Fed shifts if core inflation is affected. The divergence between rate cuts, growth, and energy prices underscores a sort of balance, with the consensus leaning away from further hikes, closely monitoring labor and inflation trends into '24. Despite recession forecasts, '22/'23's robust labor market debunked such predictions, underscoring overlooked nominal income growth's support. Forecasting a recession in '22/'23 hinged on real income growth, bolstered by employment, easing structural inflation, and lower energy prices. Despite housing and consumer spending recovery, some argued ISM's YoY contraction, however the ISM is not meant to be seen as a YoY indicator. It's a diffusion index that reflects the breadth/growth of contraction compared to the previous month. The ISM is based on a survey on whether conditions for manufacturing business are improving or deteriorating compared to the previous month, clearly measuring that on a YoY basis makes no sense as this is a snapshot of the manufacturing sector’s current momentum, rather than a comparison to the same month in the previous year, which would be a YoY analysis. Thus, this didn't signal a recession. My early expectations of early Fed cuts are rooted in structural inflation resolution from supply chain improvements. I believe to discern the Fed's rate cut strategy, we need to understand the spread between the Fed funds rate and core inflation metrics (CPI and PCE). The disparity will signify the Fed's probable target spread, with the Fed funds rate presently surpassing core inflation. A resilient economic growth, as indicated by the Bloomberg Economic Growth Surprise Index, might lead the Fed to maintain a wider spread, hinting at 3-4 rate cuts. Conversely, a growth deceleration could validate a more aggressive 5-6 cuts. The sentiment indices from the Fed's communications suggest a preference for a narrower spread. I think Powell doesn't want to jump the gun on cuts, as I believe it would be humiliating for him to cut in May and hike in March due to a reacceleration in core inflation figures. With inflation trending towards the Fed's 2% goal, my analysis suggests potential rate cuts in 2024, alongside an Gold reaching my target $2300-$2400. The content provided here is for informational purposes only and should not be construed as investment advice, a solicitation, or recommendation to buy or sell any securities. It is not intended for qualified investors only. Users should conduct their own research or consult with a financial advisor before making investment decisions. The author does not guarantee the accuracy or completeness of the information and will not be held liable for any errors, omissions, or inaccuracies. Use this information at your own risk. Disclaimer: The content provided here is for informational purposes only and should not be construed as investment advice, a solicitation, or recommendation to buy or sell any securities. It is not intended for qualified investors only. Users should conduct their own research or consult with a financial advisor before making investment decisions. The author does not guarantee the accuracy or completeness of the information and will not be held liable for any errors, omissions, or inaccuracies. Use this information at your own risk.
FOREXCOM:XAUUSDLong
by a6ent47
3