🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks. - 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that...
Gold fell all the way to 2475 after the release of the number of people applying for unemployment benefits in the United States on August 17 at 10:00 Eastern Time, and then rebounded slightly and is currently trading around 2493. Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson...
In terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak. Short-term operation points 2515 short, take profit 2505, stop loss 2522 2505 long, take profit 2520, stop loss 2500
Continuing the trend of last Friday, gold has been above 2500 in the early trading and peaked at 2509. The next operation will mainly depend on the European trading session. At present, gold is still rising. If it can successfully break through 2510, then the upward trend of gold will be relatively large. Key points: Resistance level 2510 2520 2535 2550 If it...
From a long-term perspective, there is a lot of room for gold to rise! Yesterday's CPI data was lower than expected. Gold was slightly bullish but plummeted 1% from a peak of 2476 to 2437 and closed at 2447. In early trading today, gold fluctuated within a narrow range, with slight signs of recovery compared to yesterday. It is currently fluctuating at 2453. In...
From the hourly chart, we can easily see that the high point of gold is constantly moving down, which indicates that the overall downward trend is still continuing. In the previous article, I mentioned the decline of $95 on Monday. The Fibonacci retracement indicator shows that 0.382 is near the 2400 integer mark, and it also clearly mentions the bearish view...
Gold has risen again due to the stimulation of risk aversion. Today, the small non-agricultural sector and the Federal Reserve's interest rate decision will both appear. What kind of sparks will gold create? Gold is likely to remain volatile before the data. Gold can go short on rallies below the high of 2413. Don’t chase the rise before the data.
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XAUUSD HELLO TRADERS the price of gold yesterday , stable in 2,327$ to rise , today stable under 2,337 $ , should will the price corrective to 2,337 $, may be swing 2,343 before decline . Tendency of the price is under bearish pressure , the price of gold stable trading below turning level at 2,337$, will reach to support level 2,322 $ and 2,302 . for...
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...
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction. Gold prices have been trading...
Today’s gold trading situation is as follows: 1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696 2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228 3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769 Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have continued our 9-game winning streak in recent gold...
Dear friends, judging from the current overall trend of gold, it has become the norm for the market to fluctuate widely on a roller coaster, but there is still strong support below during the pullback. The short-term level has successfully built a double bottom structure, laying a solid support foundation for the bottom. According to the gold structure, there...
Dear friends, today gold has been in a retracement situation. Although there have been several symbolic struggles, in the end the bears have the upper hand. The current lowest gold price has been around 2324. Of course, our short gold order around 2360 also successfully hit TP: 2349. We gained a lot of profits from this. At present, gold maintains a volatile...
Amidst a landscape of evolving financial markets and emerging technologies, Goldman Sachs ( NYSE:GS ) has strategically positioned itself to capitalize on the growing demand for AI-related infrastructure. The success of OpenAI's ChatGPT has invigorated investor confidence, leading to increased funding in promising AI startups. In the wake of the Federal Reserve's...
Gold continued to fall after hitting an intraday high near 2372, with the lowest hitting around 2345. So far, although gold still has some rebound, it is difficult to continue its strength. Judging from the current market reaction, gold did not rise as strongly as before due to the surge in risk aversion over the weekend, but showed an inability to rebound. Then...
Dear friends, a new week of trading begins tomorrow! Let’s summarize this week’s trading results first. Personally, I made over $68K in overall profit this week, which I feel is a very good trading result. Although I occasionally suffered losses during this week's trading, I was able to seize 95% of the trading opportunities and successfully make a profit. I think...
Dear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum near 2431, and then fell by $70, hitting a minimum near 2361. It's a crazy roller coaster ride. I think some people are happy and some are worried in today’s market! At present, there is no reliable technical reference for gold in the short term. As for why...