(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
Goldlongterm
XAUUSD: 24/8 Today's Trading StrategyDuring the Asian session on Thursday, spot gold fluctuated within a narrow range and is currently around 1922, holding most of the overnight gains. On Wednesday, the price of gold rose by 0.95%, the largest one-day gain in more than a month. It once touched the 1920 mark and closed at around 1915 US dollars. Because the PMI data of European and American countries performed poorly in August, it increased the safe-haven demand for gold. Moreover, the market's expectations for the Fed's interest rate hike have cooled, and the dollar and U.S. bond yields have fallen, which has further attracted gold bargain hunting.
From the 1-hour chart, the k-line has a high-level sideways pattern to the market. This pattern is the first pattern immediately following a surge in gold, so we can judge that the current trend is bullish The trend, first of all, the pullback is very small after a wave of skyrocketing, which means that the bears have no counterattack power, or they are not as powerful as the bulls on the market. Secondly, the market rebounded from the 1902 line to the 1920 line with a volatility of nearly 20 US dollars. This short-term skyrocketing There is no callback, but it is consolidating at a high level. Looking at the 4-hour chart, after three trading days of continuous competition for the k-line trend, the strength of the bulls is stronger than that of the bears. Combined with the running posture of the three-line parallel open and upward divergence of the moving average Look, the bulls in the market are strong, and the macd trend line below is running above the zero axis, and the red energy column has begun to increase in volume. Looking at the daily chart, there is a big sun recorded on the disk k-line. We can see that it is relying on the 5-day moving average. The 20-day moving average above 1920 has a short-term suppression, but there is a golden cross at the bottom of the k-line. On the whole, jiesse recommends callbacks to do long gold in terms of short-term gold operation ideas today, followed by short rebounds. The top short-term focus is on the 1922-1925 line Resistance, followed by focusing on the first-line resistance of 1930-32, and the short-term focus on the first-line support of 1905-1907.
Gold Operation Strategy:
BUY: 1913-1915
TP1:1920
TP2:1925
SELL1925-1927
TP1:1920
TP2:1915
Gold today's range forecast 1915~1937Gold layout analysis: On Tuesday, more than 1930 gold orders were placed, and after rising to the 1935 line, the positions were reduced and left. In the overall stable profit appreciation position. After opening at 1925 this morning, it continued to rise slowly. Judging from the trend of gold in recent days, it basically maintains a low level and fluctuates within a few days, constantly breaking low. The high position keeps moving down. On Tuesday, it pulled back twice to the 1930 line, although it failed to continue to break down. However, it finally rebounded to the 1935 line and then fell back under pressure. The U.S. market broke through the 1930 line, approaching the 1920 line. Such a weak form of gold makes it more difficult to rise. Coupled with the extreme trend of the U.S. index, gold is also affected by it, resulting in insufficient motivation for bulls. According to this situation, it is not impossible to break the low of 1920 again. Since gold fell below the 30 line yesterday, there is no short-term support, so the operation can only be operated by selling high and buying low. It is more difficult to control the entry position, so please remember to be cautious during the operation.
Back to the topic, the current gold trend is dominated by bears, and the momentum of bulls is weak in the short term, but it cannot be ignored.
SELL1934-1937, SL1940, TP1922
If the European and American markets fall to around 1917,
BUY1917-1915, SL1910, TP1925
Gold trend analysis
After the release of the cpi data today, gold rose sharply for a short period of time and then fell. At present, it fell to 1912. Although the gold market continued to fall,
it still did not break through the 1910 support below. I think gold can still choose to buy when it is near 1910
trading signal:
buy 1905-1910 tp1917-1922
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Gold trend analysis
Gold prices struggled on Wednesday, with investors on the sidelines ahead of key U.S. inflation data that could provide more clues about the Federal Reserve's monetary policy stance. The latest U.S. inflation data due tomorrow will be an important point of reference when the Fed meets next month, when the committee will decide whether to continue raising interest rates or whether inflation is currently on a downward trajectory enough for the Fed to keep rates on hold. I am still bullish on the price of gold going up tomorrow
trading signal:
gold:buy 1905-1910 tp 1920-1925
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XAUUSD: 7/8 Gold Trading StrategyGold trend analysis
It can also be seen on the daily line that this callback has touched the support of the Bollinger lower track on the daily line, which is an undoubted turning point of the market! Then go all out to do more this week! In 4 hours, there is still a need for adjustment at the bottom of gold, but the callback is an opportunity to go long. After the rise on Friday, the callback low was 1937, which was the previous pressure position. After breaking through, it became a support. For further resistance, refer to the position near the 21-day moving average of 1952.70 And the 1960 mark, the strong resistance is around the 100-day moving average of 1968.68. If this position can be regained, it will increase the bullish signal for the market outlook.
Gold operation strategy:
SELL: 1946-1949
TP1: 1940
TP2: 1935
BUY: 1933-1936
TP1:1940
TP2:1945
Probable Future of Ounce GoldThe minor rally, which will last until April 2029 and to 1 ounce = $7500, is probably about to begin. Fake price falls can be a buying opportunity. Then, after a decline that will continue until the end of 2033 and 1 ounce = $2100, a major rally that will last 14 years and carry the price of gold to $64.000 an ounce. We are fortunate that we are at the beginning of an Ounce Gold Rally that will last for a quarter of a century.
XAUUSD: 4/8 Gold Trading Strategy TodayToday's analysis: After the 4-hour chart broke low, it remained horizontally below the broken low point. Due to the approaching data, trading was cautious, and the amplitude space further shrunk. At present, the 4-hour structure is still running in a downward step for the time being, but after the space shrinkage yesterday, it will continue to the transition of the Asia-Europe market today, and the US market will combine with the data to break the deadlock. Looking at gold from the 4-hour line, all indicators have turned short, but they have not entered oversold. The support in the early stage of 1942 has been converted into strong pressure, and the price below this is trending bearish. Pay attention to 1939-1941 in the Asian-European market for the time being. If this position does not recover, it is better to maintain a high-altitude thinking in the short-term, and operate in a downward channel with step shocks. If the downward channel does not recover, the short-term trend will not change.
Gold operation strategy:
Rebound to 1939-1941 short, stop loss 1946, target below 1928.
Step back to 1923-1926 to go long, stop loss at 1920, and target above 1950.
Gold: Shocked and closed in the sun, still volatile
In any trend, everyone likes continuity, and the longer it lasts, the better, especially for A-shares, which can only be a market that goes up. A rise means giving money to everyone, while a fall is tantamount to death.
According to the current situation, before the U.S. market, it hit a short position near 1968, with a target of 1954, and bought the 1950-1954 line.
Keep updating and pay more attention
Gold to 2050.Gold is still consolidating in big time frame, now we are getting huge confirmation to go up which is H&S ( reversal pattern ). 1940 is the area to check, 1985 is the neck of the H&S. If Gold able to break H&S we will see 2050 which means 4th time to checking that area in 1D time frame since August 2020.
Go long gold now!After last week’s sharp rise, gold temporarily stagnated at the 1963 high. On Friday, the small negative line retraces and corrects. The week’s closing work has not further risen to break new highs. The overall rise has come out of the high volatility after the surge, and there is room for retracement It is not enough to change the bullish structure for the time being, but the continuous exploration of highs without breaking the highs also exacerbates the risk of short-term corrections
Last Friday emphasized that gold fell back in 1950, and the layout was bullish. It was close to the 1963 high point. The position of 1963 has also been reminded many times. Once again, we tried to see 1963 fall under pressure, and we firmly grasped this opportunity
Technically, after the sharp rise at the beginning of last week, gold fell back under pressure at the end of the week in 1963. Up to now, it has continued to run sideways at a high level. During the week, gold temporarily remained below 1963 to see high volatility. It is difficult to get out if the high point of 1963 is not broken. There is room for a big rise. On the contrary, it is more likely to increase the pullback after a high level of stagflation. Last Friday’s drop at the low point of 1950 is the first support, followed by the 1940 mark. Structurally, it may follow the confirmation of the back step and then rise. The key point is The stabilizing support point of stepping back can be decided before the market is combined with the K-line shape of the hourly chart. The support point of the retracement can be deep or shallow, and the weaker retracement should pay attention to the 1940 mark before stabilizing, and arrange the entry point of multiple orders in combination with the pattern retracement in the operation.
In terms of intraday operations, the support point for last Friday's fall was at 1950. For the time being, this point has not been broken, and it also has a certain supporting effect. In case of being short-lived, it is recommended that gold be around 1950 once more, and the target is above 1960; There are many market adjustments in the 1940 area, the loss is 1933, and the target is 15-20 US dollars; the empty order strategy revolves around the participation of light positions below 1963, and it is enough to strictly break the new high and stop the loss to leave the market.
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XAUUSD: intraday shock range 1912~1935Good morning, friends, in terms of the trend of gold yesterday, it did not continue the upward trend of last Friday. Instead, it went deep V-shaped in the US market time period, with an upward trend of falling first and then rising. This is also the completion of my transaction yesterday. Signal, take a profit of 8 US dollars.
At present, my point of view remains unchanged. The upper resistance position of 1935 is also likely to be touched today. Gold has risen many times and has not made a substantial breakthrough. If you want to make a breakthrough within the day, you must be stimulated by news. For the time being, it seems that there has been no change in the bulls, and there is an obvious upward correction of shocks. So the next operation is still the same as what I said on Monday, we can just sell high and buy low to operate in the range shock. Near SELL1935, near BUY1912, this is the general direction of today's trading, specific real trading signals pay attention to follow-up updates
XAUUSD: Operating strategy for the second week of JulyThis week's gold analysis: The trend of gold this week is still the same as last week, and it cannot get out of the range shock. I originally thought that the non-agricultural situation could break the current situation of gold. Still seems disappointed.
After bottoming out and recovering on Friday, it seemed that the rise was strong, but it was just in shape. After rising to the 1934 line, the bears had the upper hand, and there was no upward momentum anymore. Before I thought that the overall short position cannot be reversed if it does not stand above 1930, which also proves what I thought. At present, we can see that the price of gold has risen by about 25 U.S. dollars since the news of non-agricultural benefits came out, and the closing price is also firmly above 1925. It can only be said that the current gold short forces have been temporarily suppressed, and the bulls have the momentum to regain their dominant position, but before breaking through the 1940 position, it can be said. So what we are considering now is not to look long or short, but to consider the position of entry is the key. This week mainly depends on the release of CPI data on Wednesday to see if gold can break through the range and go in a new direction.
So this week's operation strategy, just find a suitable point to enter the market. Because I only do short-term within the day, so the operation is still the same as last week, just sell high and buy low. Net assets increased by 37% last week, hopefully I will make more profits this week! Focus on the 1910~1940 interval, follow my new post for more detailed entry timing
XAUUSD: Today's downtrend remains unchanged and continues to breThe 1-hour chart is subject to the suppression of the moving average system, and still maintains a good downward trend. In terms of operation, it is recommended to be bearish rather than chasing short, wait patiently for the rebound to short the band, short-term rebound 1924~1920, stop loss 1930, target 1908-1892.
Gold fell 1% yesterday to hit a three-month low after Federal Reserve Chairman Jerome Powell testified before Congress. The prospect of more rate hikes from the U.S. central bank overwhelmed any support for gold from signs of weakness in the U.S. labor market. To be honest, the recent market is really difficult to operate. Last night’s review found that the U.S. dollar index and gold basically fell at the same time this month. This situation has happened before, but it cannot last for a long time. It depends on when the stalemate is broken.
From a technical point of view, gold continued to fall the next day, and the daily line closed with a big negative line with upper and lower shadow lines, and the overall trend is still in the downward trend since the new high.
XAUUSD:Short-term bearish within the day, and then rise againGold suddenly rose rapidly in the short term. The price of gold has now risen to around 1956. In the Asian market, the price of gold once touched a level around 1945. The price of gold has successfully touched our first target price of 1945. Waiting for the price of gold to fall below this level will confirm that the price of gold will continue The corrective bearish trend and fell to the next target 1913.
I continue to predict that the price of gold will be in a bearish trend for some time to come. From the 4-hour chart, the price of gold is below the 50-period exponential moving average (EMA), which supports the bearish expectation.
It should be noted that if the gold price breaks through 1956 and continues its upward trend, this may push the gold price's intraday outlook to turn bullish, and rise to the key resistance 1977, and then try to fall again.
The timing of long-short operations around 1956 needs to continue to pay attention to the follow-up trend
Intraday real-time trading signal follow-up update...
XAUUSD: sell high and buy low, look at 1951 in the dayOn the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls.
The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view is 1941 US dollars. However, due to the fact that the US market is closed, the market transaction is light. Investors continued to assess the future path of interest rates following hawkish comments from Fed policymakers.
Matt Simpson, senior market analyst at City Index, said: "Gold has spent most of June between $1,935 and $1,970, and with no obvious catalysts emerging, traders are more willing to trade within the range, not entirely. Hope to break out of the range."
Gold prices edged lower last week as traders ramped up bets on a July rate hike after a hawkish Federal Reserve paused after 10 straight rate hikes. Traders are currently pricing in about a 72 percent chance of a rate hike in July, according to the CME's "FedWatch" tool.
Christopher Wong, FX Strategist at OCBC Bank, said: "Historically, gold prices have probably outperformed at the end of a Fed tightening cycle. While the opportunity cost of holding gold has risen, we see lower real yields at some stage. It shouldn't be too long, and that could support gold prices."
Investors are now waiting for Federal Reserve Chairman Powell's testimony before Congress on Wednesday (June 21) and Thursday (June 22) for further clues about the future path of the Fed's interest rate.
The price of gold stands at 1962, and the market outlook is expeLooking at the daily line, if the price of gold can stand above 1962, the market outlook is expected to further touch 1985, which are the 23.6% Fibonacci retracement and 38.2% Fibonacci retracement of the 2082-1925 downward range. However, given that 1962 is in the recent intensive transaction area, it is more likely to fluctuate on this line.
Gold rose to 1964 in the Asian session; the US dollar index rose to 102.186.
The price of gold fell to 1924.73 yesterday, its lowest level since March 17. However, as the newly released U.S. economic data provided a new basis for the Federal Reserve to suspend interest rate hikes, the price of gold completely recovered the lost ground during the day and rose by more than 0.8% to close at 1957.81.
Data released on Thursday showed that as of the week of June 10, the number of Americans filing for unemployment benefits totaled 262K. value. U.S. industrial production unexpectedly fell 0.2% in May, following a 0.5% rise in April. The market had expected a rise of 0.1%.
"Gold is struggling because the Fed is still hawkish on inflation and interest rates," said Edward Meyer, metals analyst at Marex. Over the next two weeks, gold is likely to trade in the $1,931-$2,000 range, with strong resistance at the upper end, Meir added.
The Fed's updated forecast this week pointed to the resilience of the U.S. economy and suggested that borrowing costs may need to rise another 50 basis points by the end of the year. Traders are currently pricing in a 72% chance of a 25 basis point hike in July.
Meanwhile, the Bank of Japan maintained its ultra-loose monetary policy despite stronger-than-expected inflation as it focused on supporting a fragile economic recovery amid a sharp slowdown in global growth. Governor Kazuo Ueda delivered a speech after the meeting, noting that more time is needed to achieve the 2 percent inflation target.
CPI inflation data forward-looking, personal forward-looking guiTomorrow is the release of cpi data. Judging from the volatile and sideways trend, tomorrow's market should be very big. Here I believe that many investors still want to know, I am more inclined to cpi is falling or rising.
From the perspective of data expectations, the previous value is 4.9%, and the expected value is 4.1%. The gap in the middle is still relatively large. Maybe everyone thinks that the rate of inflation will not fall so quickly. With a high probability, most people think that the announced value will be greater than expected, but less than the previous value. But I personally prefer less than expected. In this way, the impact on the data is data bullish for gold, but the trend of gold prices will show a performance of rising first and then falling.
Because when inflation falls, the first wave of bets on market funds must be bullish on gold as shown by the data. But at the same time, when inflation falls, it means that real interest rates in the United States are rising. Correspondingly, when the first wave of market funds broke out, the market sentiment returned to rationality, which brought about a new stage of selling of gold. Therefore, it is more inclined to pull up strongly in the short term, and it is expected to reach around 1980. Then began a new round of shocks and fell, and entered the trend of 1930-1980 range shocks. The above is my expectation for the high probability trend of the future market. Of course, it is only a personal forward-looking guideline. In the end, market data shall prevail.
Gold trading recommendations today
The current price of gold in 1964 is directly empty!
At present, the gold daily cycle and the one-hour cycle are bearish, and the key watershed position for long and short in the day is still the 1970 line. Gold continues to fluctuate and adjust at high levels. After the current price has dropped below 1963.5, the short-term top pattern below 1970 has been formed. It can be short-term in operation, and it is bearish to hold at 1940.
Trading straregy:
gold: sell@1964 tp1:1954 tp2:1944
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
The current key pressure position is the 1957 position, which is the market pressure position and the moving average suppression position! Today's rebound relies on this pressure to continue shorting. The support below pays attention to whether the 1930 line breaks. If it breaks, the market will start a new round of decline!
Trading straregy:
gold: sell@1955 tp1:1940 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders
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This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Gold trading recommendations today
The gold Yinxian fell below the 1-hour mid-track, which is the best signal for the end of the bulls, which is to be shorted, but this cannot determine the low point, so we can only use other methods to continue to hold short orders
Although there is a bottom structure, gold has not yet tested whether the neckline support is effective. Moreover, the price of gold was suppressed by the daily pressure level yesterday, and it plummeted by 15 US dollars in a straight line, which shows the great pressure.
Trading straregy:
gold: sell@1962 tp1:1952
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
Gold rebounded but 1950, continue to be short
The current decline of gold is still the same, the rebound is not under pressure, and it will continue to make new lows after the shock! Relying on the key pressure position is short
The current gold is undoubtedly still in a downward trend. On the 4-hour level, gold fluctuates all the way down! And it keeps breaking new lows, and the high point connection forms the suppression of the current downward trend line! It is also the key resistance of this rebound!
Before breaking through the suppression of the downward trend line, gold will continue to fluctuate downward, and will continue to break new lows! The longer the shock, the stronger the explosive power!
Trading straregy:
gold: sell@1950 tp1:1935 tp2:1925
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!