GOLD with NF: Economy and War!The economy is showing signs of improvement, with the USD still on the rise. However, tensions of war are on the increase. If the conflict intensifies, Gold is likely to see a surge in demand due to its traditional role as a safe haven for investors. This could lead to price conflicts and a time of heightened market volatility. Experts predict a decline in gold prices before the economy stabilizes, but the ongoing war escalation could see it continue to rise in the long term.
It is advisable to refrain from trading when there is no promising entry point available. Instead, consider purchasing at the support level of 1965 and selling at the resistance level of 1992 , which are both robust areas. Technical analysis confirms the existence of these support ranges and highlights favorable entry points for traders.
Goldminers
XAUUSD:Ideas and suggestions
Due to the market's broad optimism about the US debt ceiling agreement, coupled with the Fed's interest rate hike expectations being digested, the US dollar index first rose and then fell, if the debt ceiling crisis completely landed, it will release a signal to the market, and the dollar's safe-haven function may decline. However, in the short and medium term, if the US government issues US bonds, it may cause US dollar liquidity to close and benefit the US dollar index. Key data for investors to watch on May 31: Chicago PMI for May, JOLTs job vacancies for April in the United States. Major events to watch include RBA President Lowe attending a parliamentary hearing; ECB President Christine Lagarde spoke; The U.S. House of Representatives votes on the debt ceiling deal.
After Tuesday's first fall and then rise, the market has changed, the pattern of the disk has also changed, and Wednesday will remodel and analyze the current market. As mentioned earlier, the daily line was a weak performance from last week to Monday, and suppressed under the 5, 10-day unilateral moving average slow down, Bollinger lower band has opened, very in line with the trend of the market bearish down, the next wave to see 1920, 1900 can even be bearish to 1810, but everything changed because of Tuesday's rally rising, Tuesday's rebound space is currently broken 5-day moving average, close near the 10-day moving average, the daily line also closed the sun, although Bollinger did not open the mouth, but this move is in line with the state of the bulls' counteroffensive, On Wednesday and Thursday, there may be a double apex of the 1985 mid-band in the middle of the Bollinger Band, so gold has to return to a volatile strength. Since determining that today's strong, trading should also remain low, but the performance in the H4 cycle is not enough to directly bullish or bullish the possibility, after all, now the H4 cycle Bollinger is also closed, the upper 60-day moving average suppression is strong, this pattern can not be directly broken, so, Wednesday even bullish gold can not chase up, or look at unilateral rise. It can be seen that gold in the first wave of Tuesday after the big rise, the support point of the fall is in 1950, here has formed a strong support, then, intraday to 1950 as the support bullish, strong development after the high of the hourly cycle 1968, break and then look at the daily high of 1985.
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GOLD: What NEXT? Here we are looking at GOLD on the Weekly TF…
As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern.
If GOLD can consolidate and build up the power to break through this strong resistance, it will enter into price discovery, and begin a run to new highs…
I will continue to monitor this structure, and will update you when I see relevant updates in the chart…
Cheers!
GOLD: The influence of USDUS Dollar eases from recent peaks near 104.40
If the Federal Reserve meeting were to take place today, it is likely that the interest rates would remain unchanged due to the current uncertainty surrounding banks. However, the markets can change significantly within a week. If the upcoming weekend remains peaceful with no urgent need to rescue any banks, there is a high likelihood of a 25 basis points increase in the rates. The Federal Reserve continues to hike rates until it hits a roadblock. In case that obstacle is only Silicon Valley Bank (SVB), the persistently high inflation rates may lead to further hikes. This, in turn, would strengthen the US Dollar and eventually result in a decline in stocks once the initial relief rally wears off due to a lack of new bank failures.
Gold trading advice for next week
Gold has been short recently, although there is a rebound in the gold process, but in the end it is still constantly making new lows, and each rebound is to give a better opportunity to short.
Recently, it should also make everyone feel the charm of the trend, for the bears, each rebound is an opportunity to dry short, for the bulls, probably every time there is a rebound, it feels like a reversal, but just when the bulls are proud, gold turns down again, continues to make new lows, this is a clear bearish trend
Trading strategy for next week:
gold: sell@1958 tp1:1940 tp2:1935
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!
Analysis of today's gold trading signals
Yesterday's gold strategy, my friends all got a lot of profits. At present, gold has remained stable from 1950 to 1955. We need to focus on the PCE data. This is an inflation data that the Fed likes very much. It will affect whether to raise interest rates in June.
At present, it seems that there may not be a good trading position between 1950-1955. Although gold fell below 1940 yesterday, it did not maintain this position well. It has now returned to above 1950 again.
In the trading day on Friday, my trading strategy may have to wait until gold comes above 1955-1960 again before I choose to start trading short again.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold trading this week
In the past week, I believe that my friends have made very large profits from following my trading signals. I have given everyone a clear trading strategy and accurate trading opportunities in every trading day.
At the beginning of this week, I analyzed that gold rose to the resistance level above 1980 last Friday, leaving a lot of short-selling opportunities for this week's decline in gold. All the information about gold this week is basically negative, coupled with the continued strengthening of the dollar index, so I analyzed that gold will not have a strong rise this week. As I analyzed, gold has fallen from 1985 to below 1940, and I also used 100% accurate trading signals to bring huge profits to my vip friends.
Next, I think you should spend a weekend as easily and happily as I do. We will continue to maintain it next week, with a target profit of 200.%
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
GOLD: WHAT WILL HAPPEN?Two of the strongest months for gold tend to be January and August. However, over the last 25 years, the weakest month for gold has been March. The early bounce in gold around the turn of the month has largely been on a retracement in the USD and yields after heavy re-pricing on Fed rates. However, the outlook moving forward for gold is likely to continue to reflect the path of US rates. Aggressive Fed hiking expectations, especially if Fed speakers start to talk about rates at 6%, would likely pressure gold further. This could be enhanced by the seasonally weak month for gold.
Sell GOLD zone 1952 - 1955
Stoploss: 1957
Take Profit 1: 1945
Take Profit 2: 1935
Take Profit 3: 1925
Gold Miners 2 Day TF I anticipate a 20% movement in gold miners in the upcoming weeks, following its breakthrough of a resistance level which now serves as a support level. Additionally, silver has broken and found support in above a channel , indicating a potential bullish swing in gold. Once gold closes above its declining trend line, which I expect to happen, it may accelerate towards the 2050 mark.
Gold 4hr TF Gold is currently displaying bullish behavior, but a correction is expected in the coming days, presenting a favorable chance to buy. If gold's value drops to approximately 2030 or 2013, it would provide an ideal opportunity to buy as these levels have confluences.
Additionally, gold miners are also demonstrating bullish behavior, indicating a potential surge in gold. However, it is recommended to wait for reversals in both gold and silver before making any decisions on their next move.
Gold 4hr TF Gold presents a few Confluences for long positions upon retesting the decline trend line. My expectation is that gold will touch 2003.99 twice, which is where I plan to add another position.
Regarding GDX "Gold miners," the fact that it only closed down -0.81% while gold closed -1.66% suggests that gold's sell-off will likely be brief, and the market should begin to turn bullish.
Silver is currently reacting and retesting the upper band of the pattern, and I anticipate a bullish swing in the near future.
I believe that once the Dow Jones breaks 12750 and an incline trend line from October 2021, gold will move into a bullish phase.
Gold transaction analysis
The U.S. debt ceiling negotiator said that there are no plans for debt ceiling negotiators to meet today. The Federal Reserve also said that it may have reached or is close to the point in time to suspend interest rate increases.
The market is concerned that the U.S. government is facing the problem of being unable to repay its debts, which has triggered a certain degree of risk-averse demand.However, risk aversion is not strong.Investors are waiting for the Federal Reserve to release the minutes of its recent policy meeting to obtain guidance on the trend of US interest rates.The market's concerns about the US government debt problem still exist, which may trigger a certain demand for risk aversion, which will support the price of gold.
Next, we need to pay close attention to the upcoming minutes of the Federal Reserve's recent policy meeting. The minutes usually provide more details and guidance on monetary policy. Investors will pay attention to the information about interest rate trends. This information will have a certain impact on the gold market, especially for the market's expectations of future interest rate trends, there is still a certain possibility that gold will rise.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
XAUUSD:Message surface
U.S. Treasury Secretary Janet Yellen insisted on Wednesday that early June was the deadline for defaulting on the debt ceiling and said she would update Congress soon on the administration's finances. It's hard to say exactly when the U.S. government will run out of resources, and the White House's negotiations to raise the debt ceiling are currently "making modest progress." Fed officials "generally agree" that the need for further rate hikes "has become less certain," with some saying the 25 basis point hike they approved could be the last hike in the cycle. Other policymakers warn that the Fed needs to maintain its options given the risks to persistent inflation, which is currently more than double the Fed's 2% target. This increases expectations that the Fed may pause aggressive rate hikes at its upcoming June 13-14 meeting. Investors need to pay close attention to further news of the debt ceiling negotiations in the near future, in addition, they need to pay attention to the change in the number of US jobless claims, pay attention to the revision of the US GDP series for the first quarter, continue to pay attention to the speech of Fed officials, and watch for the change in market expectations for the US PCE data for April, which will be released on Friday.
Gold is still in a downtrend, pay attention to whether 1950 will break through, today's trading strategy is to go short when it rises.
As long as you keep up with my signal, you can make more money
XAUUSD:Happy days
Thank you to my customers for trusting me, today is a happy day.
The price is still in the correction stage, and the short-term price will not gain a foothold in 1975 and will continue to fall.
If you choose to believe me, don't question it.
As long as you keep up with my signal, you can make more money.
Gold has made consecutive profits this week
In the last analysis I said that the resistance level is in 1984, and then without a strong breakout in 1984, gold will continue to fall, which is a good short opportunity.
As long as the direction is right, you can make money in any way
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 signal analysis
Today, as I analyzed in my previous article, when the top of gold breaks through the 1980-1985 position, I will consider shorting again. The trading strategy given once again successfully helped my friends get very good profits.
In the short term, gold 1985 is still a relatively stable resistance line. As long as we seize accurate trading opportunities, we can definitely get good profits. Next, I will continue to bring you more profitable trading signals.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Analysis of today's gold trading
The fundamental news of the debt ceiling is still the key. It is worth noting that if the dollar rises due to the approaching deadline of the US debt ceiling, gold may experience a deeper pullback. If the debt ceiling is resolved, then gold will keep rising.
From a technical point of view, gold is still short in the short term. 1950 below gold has become the most critical position to open up the downside space. Once it breaks, gold will continue to test the vicinity of 1940-1930-1900, effectively breaking below 1900, and gold will make up for the 1868 gap. Direction
However, if gold maintains above 1950, it may regain support, and it may continue to test the possibility of 1984-1990-1996, effectively standing above 1996, and gold may test the vicinity of 2002 US dollars. At the same time, 2002 is also a key resistance level. Only a breakthrough can see the 2012-2022 area, but at present, gold does not have that much momentum in the short term.
Trading advice: Go short in a high position and go long in a low position
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: Gold's next direction!Stagflation to take USD even higher
The demand for goods and services across the world is facing challenges due to inflation and high input prices. This is impacting the purchasing power of consumers and profits of companies. However, the energy sector is less affected. The global monetary conditions are also tightening, which contributes to the current downturn. Despite this, the US market continues to offer high-interest rates and foreign investors find equities attractive. Hence, the US is expected to attract capital, which can strengthen the USD.
GOLD: The return of the uptrend!Fundamental Overview
On Tuesday, XAU/USD experienced a drop to its lowest point of $1,954.22 during European trading hours. This was due to market concerns which increased demand for the American currency. However, gold was able to regain some of its value against the US Dollar and is currently trading at around $1,972. This marks the second consecutive day of little change in value. Financial markets are currently cautious due to uninspiring macroeconomic data and uncertainty surrounding the Federal Reserve's next steps. In early May, US policymakers raised rates by 25 basis points and suggested that future decisions would depend on data and be made meeting by meeting. This cautious approach led to a pause in hikes as Fed officials expressed concern over the impact of additional tightening on the banking system.
Plan trade in the intro
GOLD: TREND!Fundamental Overview
Gold price struggles to capitalize on Friday's goodish recovery move from the vicinity of the $1,950 level, or its lowest level since early April touched on Friday and kicks off the new week on a subdued note. The XAU/USD seesaws between tepid gains/minor losses through the early European session and currently trades around the $1,980 area, up a little for the second straight day
Gold stays below $1,980 as US yields edge higher
Gold rebound continues to be empty
The triple top of the gold cycle and monthly line is now only rebounding, and there is no reversal trend. After the rebound, it will continue to fall. The downward line of gold is suppressed for 1 hour, and the moving average bears run downwards.Most of the rise in gold is not sustained, waiting for emotions to be released and continuing the original trend.
Since the trend has not changed, it is that the rebound continues to be empty
Trading straregy:
gold: sell@1982 tp1:1970 tp2:1965
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: Macro headwinds to keep pressure on Copper prices
Copper's price outlook is influenced by recession fears, China's Covid-19 restrictions, and the Fed's interest rate hikes. These factors will continue to impact copper's short-term price outlook, but its price support should remain above $7,500/t until 2023 due to tightening supply. We predict that copper prices will only improve when there is a positive global growth outlook.
Plan trade in the intro