Gold: Rise continues with 1924 direct gains
The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct!
Judging from the trend, gold is still bullish. The current position of 1930 is the early consolidation pressure position. It is normal for the market to fluctuate and adjust at this position! At the same time, we are also waiting for the Federal Reserve’s interest rate decision in the early morning of Thursday!
Gold is now treated as a shock, but it is a shock in the process of rising. The operation is naturally based on low and long! Therefore, relying on the support, we should continue to go long in the U.S. market, but we should not chase the rise after a new high. We should be short at the high position or wait for the fall to continue to go long!
Gold 1924 long, stop loss 1918, target 1940
Goldminers
Gold: The rise continues, and 1920 continues to follow the trend
Gold has turned around and started a band rebound, and the target of this band rebound is the 1930 position. The current market is moving steadily towards the goal step by step! The U.S. market fell back and relied on the support of 1914 to continue to go long!
Gold's current decline has ended and a band rebound has begun! It can be seen at the 4-hour level that after gold fell to 1900, the macd diverged, and then the market started to rise and broke through the 1915 position, which was directly suppressed, indicating that the breakthrough was effective!
After the breakthrough, the rally started. In the short term, the current rebound has touched the pressure of the 4-hour upper Bollinger Band. The possibility of a direct breakthrough is small. It needs to fall back and gain momentum again before breaking through. Then the previous pressure of 1915 has become the current Effective support, the US market will rely on this support to go long and bullish! The next target is the 1930 position!
Gold: Reaching our expected 1950 position
Gold entered the long position at 1938 in the European market, and rebounded and rose as expected. The US market strategy has also been disclosed in advance. Shorting near 1950, plan your transaction, trade your plan, and execute decisively in place. The current price of 1955 is short, and you will reap the rewards! The perfect switch between long and short, two consecutive victories in a day! Perfect!
The current rebound of gold has encountered resistance on the pressure position of the upper rail of Bollinger on the daily line, and there is a possibility of band adjustment! The high probability is the beginning of another short fall! The rebound in the US market continues to be empty! Relying on the pressure of the day's high of 1955, shorting is bearish!
Gold: 1955 empty, 1938 advanced
The support below gold is the 1935 position, the first target area for this decline!
Gold: Buy more in 1913, the US market continues to be bullish!
Gold is still in a bullish upward trend, and the pullback is still an opportunity to go long. Now that the market has fallen back, it will be more direct. The current price of 1913 is more, and the 1935 line is bullish!
Gold has now started an upward trend, and shocks and callbacks are inevitable, but every callback is an opportunity to go long again! And the current market is concentrated in the US market! And the current support position is the 1913 line, the bullishness of gold at this position remains unchanged, more, continue to do more!
The trend is rising, and the pullback will continue until a new high is reached in the US market. Only after the market reaches the 1935 line, will this rise be possible to end!
Gold: Start to pull up the US market and continue to be bullish!
1915 The current price is long and bullish! Although the Asian-European trading market is relatively dark, it is still profitable now! The rally remains unchanged, and the US market continues to be bullish!
Gold has now clearly turned into a bullish upward trend. In the short term, it maintains a shock above 1910. In fact, it is gaining momentum for another rise, and the operation continues to be low and bullish! Next, gold will continue to rise, and the next pressure position is the 1930 position!
Relying on 1910, the U.S. market continues to be low and bullish. Recently, the market has mostly occurred in the U.S. market, and it is more direct! Wait for the explosion!
Gold is more than 1915, stop loss is 1907, and the target is 1930.
Gold: 1890 is more supported today!
The decline of gold is over, and the bottoming or rebound trend is starting! Today started to be more bullish, relying on the support of 1885, stepping back to more low, more around 1890!
Looking at the hourly chart, gold has fluctuated all the way down before, and is suppressed by the moving average. Every time it touches the moving average, it will break a new low! However, the market has been supported by 1885 in the last two days, not only did not continue to break new lows, but also broke through the suppression of the short-term moving average! The market has changed!
Today's gold starts to be low and bullish. The first pressure above is to focus on the 1900 mark, which is also the pressure position where the rebound encounters resistance. The second target is the long-term moving average 1905 pressure! Whether it is a rebound or a bottom shock, pay attention to whether 1905 breaks through!
Gold: a strategic move
The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions!
Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish!
Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
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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Gold: Gold US market 1960 dry air
The market is always full of surprises, which increases uncertainty, but this is also the charm of the market. I believe that everyone has no objection to the bearish view of gold technology today, and it makes the bears uncomfortable, but since the overall position is still short, it is better to give a better point to go short. The gold US market data soared to 1960 and directly went short, and gold fell to make a profit harvest.
Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
GOLD: Today with news!Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
XAUUSD:Will it fall below 1900 again?
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article.
At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally, the market stopped falling at 1893, and then, in the following news, it broke through 1937, and it returned to above 1952 again.
At present, the price has touched the important resistance of 1981-1985. Although there is no breakthrough, we have to be vigilant. If it does not break it (1963-1957) in the process of backtesting the support, it will mean that it will rise again , may go directly to around 2000.
Of course, if it breaks below support, or even falls to around 1943-1939, then we will consider it to form a head and shoulders pattern again, and then fall below 1900.
The number of initial jobless claims will be announced tomorrow. This is an opportunity to choose the direction of the current shock. We only need to focus on these few positions.
At the same time, the month is coming to an end, NFP and some other monthly data will once again bring new opportunities for gold, are you ready to seize them?
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Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target.
Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%.
BUY GOLD zone 1948 - 1952
Stop Loss : 1942
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD: 18/7 Gold Trading StrategyGold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit.
Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money.
Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy:
SELL: 1965~1968
TP1: 1958
TP2: 1955
BUY: 1950~1945
TP1: 1955
TP2: 1960
XAUUSD:Chasing high has no advantage
Yesterday, I analyzed that gold will fluctuate and rise, gold buy1972 tp1980-1985, and finally reached the target point of our attention near 1984. This position is an important suppression level in the early stage. With strong pressure, today's hourly line closes below this position, which will bring a certain callback.
Since looking at the bottom in 1920, it has been bullish until around 1984. The overall rise has eaten up most of it. I will not be blindly bullish in the future. I will wait patiently for the daily level to fluctuate at a high level before making further plans. Many people will definitely say that this is the time It's not easy. It's bullish with the trend. It's true that the trend is so, but under the strong weekly line of 4 consecutive positives, there is no advantage in chasing higher.
gold sell 1984-1989 tp 1980-1975
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Gold 7/19- FED, USD and Gold - Trader's battleAll eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates.
While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes.
BUY GOLD zone 1962 - 1965
Stop Loss : 1957
My taget is: 1970$ - 1985$
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD:Short rallies today
Last week, it continued to oscillate in the 1950-1963 range. So far, the support around 1950 still exists, and the resistance is concentrated in the 1958-1963 range. In the case of a long-term sideways market without breaking, the probability of the market going down is relatively high. So the trade should be short rallies.
GDX could shoot as high as $40.00 in the next 30 or so daysGDX is forming a heads and shoulder pattern that potential shows the stock rising as high as $40.00. There are a few resistances that GSX will need to break through. I believe the first one is around 32.33 (Very close now), then between ($33.00 and $33.40) and finally around $36.40. What are your thoughts?
GOLD: What happened last week?The US financial markets had a half-day of operation on Monday and were closed on Tuesday due to the Independence Day holiday. As a result, there was limited trading activity at the start of the week. However, the price of GOLD managed to increase slightly on Monday thanks to the lower-than-anticipated ISM Manufacturing PMI report for June.
Inflation cools down, Fed may raise interest rates for the last In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target.
As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023. However, they think the probability of the Fed raising one more time is quite low, about 25%, down from more than 33% before.
BUY GOLD zone 1943-1940
Stop Loss : 1935
Take Profit 1: 1945
Take Profit 2: 1950
Take Profit 3: 1960
Note: Installing TP SL fully wins the market and is safe in trading