XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Symmetrical Triangle
Impulse Correction
Goldminers
XAUUSD: 18/3 Today’s Gold Trading StrategyData last week showed that U.S. consumer prices rose more than expected in February, and producer prices also showed a certain degree of inflationary stickiness. Traders have reduced their bets on an interest rate cut in June. Gold prices fell more than 0.8% last week.
Spot gold has already priced in the positive push from expectations of lower interest rates. If inflation starts moving higher again, it means policymakers will have to keep monetary policy tighter for longer. Although gold does not particularly like high interest rate environments, if the reason for interest rates remaining so high is overheating inflation this naturally means that people will turn to international 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.
Central banks will be in focus this week. The Bank of Japan and the Reserve Bank of Australia will announce interest rate decisions on Tuesday, the Federal Reserve will announce interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will announce interest rate decisions on Thursday. The market will also focus on Tuesday's U.S. housing starts and building permits, as well as Thursday's weekly jobless claims, Philadelphia Fed manufacturing survey, PMI preview data and existing home sales.
Gold technical analysis:
Daily resistance is 2184, support below is 2124-00
4H resistance is 2158, support below is 2124-00
Gold operation suggestions:
Judging from the daily and four-hour analysis, today's short-term strong short-term strong dividing line is around 2158. Short-term pressure will focus on around 2158. The focus below will be on the daily level support of 2124 and today's low near 2145.
BUY:2140-2145
BUY:2120-2125
XAUUSD: 19/3 Gold awaits triangle breakoutGold prices edged higher in quiet trading on Tuesday as investors braced for monetary policy decisions from major central banks. While the Bank of Japan (BoJ), Bank of England (BoE) and the Federal Reserve (Fed) will announce their decisions, the focus will be on the Fed. The Fed's hawkish bias could push gold prices higher as market participants anticipate less likelihood of a rate cut.
Data showed that U.S. consumer prices grew steadily in February and producer prices rose more than expected, indicating that inflation is somewhat sticky. Gold prices fell by about 1% last week. Although gold has traditionally been considered an inflation hedge, raising interest rates to curb price increases has discouraged investment in gold because it does not pay interest.
Gold prices were still supported by speculation that the Federal Reserve would begin easing monetary policy earlier than expected. However, gold prices plunged nearly 1% last week as an unexpected acceleration in U.S. consumer and producer inflation spurred a surge in U.S. Treasury yields. As a result, the U.S. dollar gained over 0.69% last week while gold fell, according to the U.S. Dollar Index.
Gold technical analysis
Daily resistance is 2177, support below is 2124
Four-hour resistance is 2168, support below is 2158-24
✅Gold operation suggestions:
Yesterday, the overall technical aspect of gold fell first and then rose, ushering in a deep V rebound. The Asian and European prices suppressed the shock below 2157 and fell back to break the bottom. Then they retreated further downwards and penetrated the 2150 mark to reach around 2146 and fell into sideways shocks. The European and American prices The price of gold stabilized and rebounded, returning to a strong and volatile close above 2160. The daily K-line closed slightly higher. The overall price showed a short-term support and stabilization form at the 2146 mark. However, the price above was still suppressed and fluctuated below the daily starting and falling point of 2172 last Friday. The short-term price there is a high probability that it will continue to run up and down repeatedly within the range.
Today, the lower four-hour and daily support will focus on around 2150/2124, and the upper pressure will focus on 2168-77. Wait for the Fed’s interest rate decision with peace of mind, and trade with caution!
SELL:near 2170
SELL:near 2160
BUY:near2124
Technical analysis only provides trading direction!
20/3 gold market analysis, waiting for news releaseGold fluctuated within a narrow range on Wednesday and is currently trading around $2,154. Gold prices fell slightly on Tuesday, with spot gold closing down 0.13% at $2,157.40. The intraday low hit $2,147.03, as U.S. single-family housing starts rebounded sharply in February, hitting the highest level in nearly two years, and the dollar strengthened. Markets are focused on signals from the Federal Reserve on its interest rate stance at the end of its two-day policy meeting.
Gold prices hit a record high of $2,195 on March 8, but fell nearly 1% last week after higher-than-expected U.S. consumer and producer price inflation in February reduced hopes for an early interest rate cut by the Federal Reserve. Because inflation may remain high and difficult to reduce. While the Fed is widely expected to keep interest rates unchanged on Wednesday, markets are awaiting comments from Fed Chairman Jerome Powell after the meeting to learn the Fed's latest interest rate expectations.
Non-yielding metals remained subdued as traders awaited a decision from the Federal Reserve. In addition to issuing a monetary policy statement, policymakers are expected to update their forecasts for the U.S. economy. Growing concerns that the Federal Reserve will lower the federal funds rate (FFR) are making traders nervous. While the Fed is widely expected to keep interest rates steady on Wednesday, markets are awaiting subsequent comments from Fed Chairman Jerome Powell on his latest interest rate outlook. Today's U.S. interest rate decision will break gold's multi-day shock range.
Gold technical analysis
Daily resistance is 2177, support below is 2124
Four-hour resistance is 2168, support below is 2158-2124
So, don’t be impulsive today, many people’s accounts will be completely burned
Real-time analysis of gold price
Today, the lower support will focus on 2145-50, and the upper pressure will focus on 2170. During the day, we will first rely on the high altitude and low long cycle of this range to participate in the rhythm of long and short shock operations. At the midline position, you should watch more and move less, follow orders cautiously, and wait patiently for key points to enter the market.
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!
XAUUSD:14/3 Today’s Analysis and Trading StrategyGold fluctuated within a narrow range on Thursday and is currently trading around $2,170. Gold prices rose 0.75% on Wednesday to close at $2,174, boosted by a weaker U.S. dollar as investors still held out hope for a rate cut by the Federal Reserve in June despite scorching U.S. inflation data, while escalating geopolitical tensions maintained safe-haven demand for international gold. Gold prices rebounded, recovering from the previous session's losses, boosted by a weaker U.S. dollar.
Gold prices retreated from record highs set last week on Tuesday, posting their worst one-day drop since February 13, after a report showed U.S. consumer prices rose sharply in February, suggesting some stickiness in inflation. Higher-than-expected inflation means more pressure on the Federal Reserve to keep interest rates high, putting pressure on non-yielding assets such as gold. The precious metal is also used as a hedge against inflation. This is reinforced by the softer tone in U.S. Treasury yields, which has put dollar bulls on the defensive and acted as a driver for gold prices. As the U.S. dollar index fell 0.2%, overseas buyers were more willing to buy gold to avoid risks.
Despite the disappointing consumer price index, U.S. monetary policy authorities may judge that price pressures are easing. Gold has the potential to rise as long as economic data continues to be weak, with the focus now on U.S. retail sales (commonly known as the "terror index"), producer price index and last week's jobless claims, all of which are due to be released on Thursday.
Gold technical analysis
Daily resistance is 2184, support below is 2124-00
Four-hour resistance is 2200, support below is 2167-53
Gold operation suggestions:
From the daily and four-hour analysis, today's support at the bottom will be around 2164-53, short-term pressure at the top will be around 2184, and strong resistance will be at 2195-2200. The short-term long-short dividing line will be around 2150. You can continue to participate in long positions before the daily level falls below this level. If it falls below this level, you will look towards the 2124 target.
BUY:2148-2153
SELL:2195-2200
SELL:2148-2153
XAUUSD:15/3 Today’s Analysis and StrategyThe final value of U.S. retail sales data in February was 0.6%, lower than the expected 0.8%, but higher than the previous value of -0.8%. The final value of PPI in February was 1.6%, exceeding the expected 1.11%, and the previous value was 1%. PPI rose 0.6% month-on-month, twice the expected value, and the previous value was 0.3%.
The rise in energy prices is the main reason for the rise in February's PPI data. Combined with Tuesday's CPI data, it is not able to support the Federal Reserve's implementation of interest rate cuts at the next meeting. Judging from the data, the target of inflation falling back to 2% is still far away.
Affected by the data, the price of gold rose first and then fell yesterday, and then rose again to recover the decline. The intraday low hit below $2,153, and was supported again near the previous low of $2,150. The final price closed at $2,162. In the short term, the support below $2,150 is effective.
Gold technical analysis
Daily resistance is 2184, support below is 2124-00
Four-hour resistance is 2200, support below is 2167-53
Gold operation suggestions:
Judging from the daily and four-hour analysis, today's support below will focus on around 2150. During the day's decline, rely on this position to continue to go long. The short-term pressure above will focus on around 2184, the strong resistance will be 2195, and the short-term bullish strong dividing line will focus on 2150.
SELL:2195~2200
BUY:2148~2153
Technical analysis only provides trading direction!
Gold real-time trading analysis
On Monday (March 18), spot gold bottomed out and rebounded, with the price rising at $2,147. According to the latest analysis, gold is supported at $2,145.35. The price of gold is now $2,155.
Based on current gold trends, gold prices will continue to rise.
It is predicted that the price of gold will rise to around $2,160 and then fall.
Always pay attention to my signals to make the right choice from them.
It is recommended to go short in the short term: short around $2160.
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!
Gold Trading Analysis·Trends
Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130
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!
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.”
Real-time gold trading analysis
Gold prices fell to $2,155 before bottoming out.
At this time, the one-year inflation rate forecast for the United States in March was released in the United States.
Predicted value 3.10%
Published value 3%
Preliminary value of the University of Michigan consumer confidence index in March
Predicted value 76.9
Published value 76.5
The data is very bullish for gold. As I said, there is strong support below gold, so it is a very wise choice to go long at low prices.
Now the gold price is supported below at $2,158, making it difficult to continue falling. It then turned to an upward trend, confirming my previous prediction.
Therefore, I prefer to go long at the low price of around $2160.
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!
Today's gold trading analysis
The price of gold fell to around US$2,154 yesterday and was supported by the bottom, and then rose to around US$2,160, showing a volatile trend.
Today, the price of gold is under pressure from above around $2,170, showing a volatile trend.
It should be noted that the price of gold today is above US$2,170 and is above US$2,180.
What you need to pay attention to is whether the gold price can break through when it reaches the $2,180 line.
At the bottom, we need to pay attention to the position of $2153-2150.
Therefore, I think a safer trade is to wait for the gold price to encounter resistance from above, then it would be a better choice to go short at a high price, or to go long at a low price.
My suggestion is to go short between the high price of $2176-2179.
If the price of gold falls to fluctuate around 2160, go long at a low price.
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!
XAUUSD:12/3 Today’s Analysis and StrategyGold fluctuated within a narrow range on Tuesday and is currently trading around $2,177. After trading slightly higher on Monday, prices remain near all-time highs after last week's record gains, as traders await U.S. inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory.
U.S. CPI data for February will be released today. U.S. CPI in February is expected to increase by 0.3% to 0.4% month-on-month, with a year-on-year increase of 3.1% unchanged. Core CPI is expected to drop from 0.4% to 0.3% month-on-month and from 3.9% to 3.7% year-on-year.
Last week, Powell indicated that the Fed would eventually begin to ease policy, but stressed that the central bank still relies on data. Although the Fed chairman said the central bank is confident that inflation is edging lower, they are in no rush to cut borrowing costs. Low interest rates help gold prices rise because they reduce the opportunity cost of holding zero-yielding gold.
Physical gold demand in many countries is expected to remain relatively strong this year, and net positive demand from multiple central banks appears to be continuing into this year, with multiple central banks adding 39 tons of gold in January.
Gold technical analysis
Daily resistance is 2200, support below is 2150-24
Four-hour resistance is 2200, support below is 2167-53
Gold operation suggestions:
Today, the lower support continues to focus on the vicinity of 2167, and the upper pressure is in the 2190-95 area. The short-term price stabilizes above 2150, and bulls are still strong.
BUY:2167near
BUY:2153near
BUY:2124near
XAUUSD: 3/13 Today’s Analysis and StrategyGold fluctuated within a narrow range on Wednesday and is currently around 2159. The price of gold fell back nearly $30 on Tuesday, once touching 2150, a drop of more than 1%. The U.S. inflation report dimmed the prospect of an imminent interest rate cut by the Federal Reserve. The price of gold plummeted by nearly $25. The U.S. dollar index edged higher after a shock on Tuesday.
A red-hot U.S. inflation report dimmed prospects for a Fed rate cut soon! U.S. inflation data was hotter than expected, but not extreme. This led traders to still believe that June is the most likely time for the Federal Reserve to start cutting interest rates. The U.S. dollar recovered slightly, causing the price of gold in U.S. dollars to fall by more than 1%.
U.S. consumer prices rose sharply in February amid rising gasoline and housing costs, suggesting that inflation is somewhat sticky and further reducing the likelihood that the Federal Reserve will cut interest rates before June. Although the U.S. Labor Department's inflation reading on Tuesday rose for a second straight month, the composition of the report remained consistent with a trend of slowing inflation. Inflation-weary Americans are getting some relief from grocery store and medical bills.
Gold technical analysis
Daily resistance is 2184, support below is 2150-24
Four-hour resistance is 2200, support below is 2167-53
✅Gold operation suggestions:
Affected by the CPI data on Tuesday night, gold experienced a rapid decline like a roller coaster, and then suddenly rose. The highest continued to reach the 2183 line and began to fall back. We also gave a long suggestion of 2151-56.
Gold ushered in a daily level adjustment after the non-farm payrolls hit a high of 2195 last Friday.
From the daily analysis, today’s lower support focuses on the early 4-hour long-short conversion level near 2150. The upper pressure first looks at around 2166-70. The short-term bull strong dividing line is 2184. The key lower support during the day focuses on around 2150.
BUY: 2147~53
BUY: 2165~70
Technical analysis only provides trading direction!
Real time gold analysis
According to the current trend of gold, the price of gold has now dropped to $2158. Pay attention to my signals at any time to make the right choice from it.
Gold price predicted to rise
It is recommended to go long in the short term: go long around $2160
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!
Today's gold price analysis
The price of gold fluctuated after falling to around US$2,158 yesterday, and then fell when it rose to around US$2,179 and then fell under resistance from above. This is consistent with my prediction and analysis yesterday.
Today's gold price is under support at $2168 and has a tendency to bottom out, but there will also be resistance from above. Therefore, I think a safer trade is to wait for the gold price to receive resistance from above, and then shorting at a high price would be a better choice.
What needs to be noted is whether the gold price can break through when it reaches the $2,180 line.
If it fails to continue rising, my suggestion is to go short between the high price of $2176-2178.
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!
Gold prices may fall back today after rising higher
After bottoming out after falling to $2,150 yesterday, the price of gold was affected by the release of the monthly short-term energy outlook report by the U.S. EIA. The price of gold hit a maximum of $2,180 today, encountering resistance from above.
At this time, the 10-year Treasury bond bidding multiples and bidding interest rate data published in the United States on March 12 were very negative for gold. At this time, the price of gold encountered huge resistance from above around $2,180, and it was difficult to break through.
So I think gold prices will fall back when they reach the resistance level of $2,180 above.
Therefore, I recommend going short at $2177-2179.
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!
XAUUSD:29/2 Today’s Analysis and StrategyOn Thursday, the U.S. dollar index gave up yesterday's gains at 103.93, but bulls continued to put pressure on gold ahead of the release of Personal Consumption Expenditures (PCE), and gold prices have yet to break out of range trading. The dovish Federal Reserve released a timetable for interest rate cuts, suggesting that interest rate cuts will begin in the second half of the year. The U.S. slightly revised down fourth-quarter economic growth, providing support for gold prices, but gains were limited as traders focused on key economic data and comments from Federal Reserve officials on the timetable for interest rate cuts.
This trading day will release the U.S. PCE data that the Federal Reserve focuses on in January. The market expects core PCE to increase by 0.4% month-on-month, compared with the previous value of 0.2%. Core PCE is expected to increase by 2.8% year-on-year, compared with the previous value of 2.9%. In addition, this trading day also Changes in the number of people filing for initial unemployment benefits in the United States will be released. The market expects it to be 210,000, compared with the previous value of 201,000. Investors need to pay attention to changes in market expectations for the Federal Reserve to cut interest rates.
Additionally, a fresh decline in U.S. Treasury yields prevented bearish traders from making big bets on gold prices and helped limit the downside. Compared with forecasts for a rate cut in March at the beginning of the year, recent Fed comments and hot inflation data have pushed bets on the Fed's first rate cut to June. Higher interest rates tend to dampen investment confidence in gold.
Gold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
✅Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
Technical analysis only provides trading direction!
Gold prices will bottom out and rebound
According to the current gold trend, the gold price now forms a resistance level at 2154-2155. At this stage, the gold price reaches the bottom of 2154 and rebounds. Only by paying attention to my signals at any time can you make the right choice.
Gold price predicted to rise
It is recommended to go long in the short term: go long around $2155-2156
I will share trading strategies and trading ideas every day.
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!
Gold trend analysis or bearish
Friends, under the influence of the negative CPI data, gold fell sharply as I expected, and once fell below the 2160 position. According to the current trend pattern, the gold pattern is developing in the short direction, while the bull pattern is no longer strong. Therefore, in this kind of market, we must pay special attention to the trading rhythm. Relatively speaking, I prefer to wait for gold to rebound to the 2170-2175 area before continuing to short gold.
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!
Gold analysis signals make you money easily
Hello friends!
According to the current gold trend, the gold price is now blocked at US$2182.0 and then falls. As far as the current trend is concerned, the gold price may fall at US$2160.0 as support. 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!
Crude oil analysis signals make you money easily
In the European market on Tuesday (March 12), spot gold maintained its downward trend during the day, with the current price of gold at $2,172 per ounce. On this trading day, gold traders will focus on the U.S. CPI report, which is expected to trigger a big move in the gold market. Analyze and predict gold price trends.
So far, gold prices are consolidating below all-time highs. A weak U.S. CPI report could offset the overbought effects of the Relative Strength Index (RSI), triggering a new rebound in gold prices.
Gold prices need U.S. CPI data to miss expectations in order to break through the $2,200/ounce mark.
The U.S. Bureau of Labor Statistics will release its February Consumer Price Index (CPI) report.
The U.S. CPI year-on-year increase in February is expected to be 3.1%, the same as January, while the year-on-year core inflation rate is expected to fall to 3.7% from 3.9% in January. Mehta said the more important month-on-month CPI data is expected to rise 0.4%, compared with a 0.3% increase in January. The core CPI growth rate in February is expected to be 0.3% month-on-month, compared with 0.4% in the first month of this year.
Unexpected declines in February's overall CPI and core CPI month-on-month data may lead to the Federal Reserve cutting interest rates in June, triggering a new round of dollar selling and pushing gold prices to record highs. With U.S. CPI falling short of expectations, U.S. Treasury yields will face tremendous bearish pressure, triggering a new upward trend in gold prices.
On the other hand, if the inflation data released in the United States are stronger than expected and seriously affect the expectation that the Federal Reserve will turn to dovish policy as early as June, gold prices may experience a sharp correction.
Gold prices are likely to maintain cautious trading momentum ahead of the U.S. CPI release as risk sentiment remains slightly positive.
Gold latest technical analysis
The near-term technical outlook for gold prices remains broadly unchanged, as indicated by the daily chart of the 14-day Relative Strength Index (RSI), which could see a pullback amid overbought conditions.
However, the next move in gold prices still depends on US CPI data.
If the U.S. CPI data unexpectedly drops, it may push the gold price to a historical high of $2,195/ounce. Once it breaks through this level, the gold price will need to continue to break through the $2,200 mark to target the psychological mark of $2,250/ounce.
On the other hand, U.S. inflation data may prolong the correction in gold prices and drop towards the March 8 low of $2,154 per ounce.
The next support for gold prices is expected to be $2,145/ounce, which is the 23.6% Fibonacci of the March 7 low and the rebound from $1,984/ounce (February 14 low) to $2,195/ounce (historical high) The confluence point of the retracement level.
According to the current trend of gold, the price of gold continues to fall. At this stage, the price of gold reached 78.0 US dollars and was unable to break through the resistance, and then continued to fall. Only by paying attention to my signals at any time can you make the right choice.
Gold prices expected to fall
It is recommended to go short in the short term: short around $72.0
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!
Summary on the evening of March 12th.
Many people always say that trading is either losing or making money. But 98% of people in the market always lose money. So are you one of them?
Monday's market is coming to an end. The gold market is relatively flat today. The highest price reached 2188. The lowest touched 2174. For most of the time, it remained within a narrow range of 2182-2177. Coupled with the lack of major news today, the market as a whole still maintains high vertical development.
The entire market was in an upward trend last week. I announced this trend to everyone before trading started. An attentive friend left me a message saying that my accuracy rate is the highest he has ever seen. Because there was hardly any loss last week. Indeed. Just follow the trading signals I publish. Then there is only one result. Profit.
Next, my personal idea is to continue to buy at lower prices in conjunction with the market to make a profit. There is currently no major news stimulus in the market. Therefore, the market is expected to remain mainly range-bound tomorrow. Combined with the previous leading news, almost all are positive for the rise of gold. So when there is no dominant news, technical indicators are a good standard as a reference for trading.
Combined with the above figure and relying on the market
The price of 2184-2188 sells gold.
Buy gold at a price of 2174-2177.
A look back at the highlights from last Friday.
When your awareness reaches a certain height. When you understand that trading is not gambling but investing. You are one of the 2%.
