Xauusd:Repeated trend
The U.S. PPI in October exceeded expectations and fell to 1.3% year-on-year, down 0.5% sequentially to the largest monthly decline in three and a half years since April 2020.The core PPI grew at zero in October and increased by 2.4% year-on-year to the lowest since the beginning of 2021. The unexpected slowdown made the market further believe that the Fed's interest rate hike cycle has ended, and the bets on interest rate increases in December this year and January next year remain at zero.
The New York Fed manufacturing index released at the same time in November turned positive at 9.1, rising to the highest since April.Retail sales fell by 0.1% in October, turning negative for the first time since March, but the decline was smaller than the expected 0.3%.Both of these data are positive for the dollar.
The Federal Reserve's next year's voting committee and San Francisco Fed Chairman Daley said that the data show that inflation in the United States has slowed further. The Fed should think carefully and remain patient for a period of time. Intermittent tightening may affect the Fed's credibility.(Implying that interest rates will be raised) Richmond Fed Chairman Balkin, who is also on the voting committee next year, said that the continued strong growth of the US economy may keep interest rates high.
Yesterday, gold fell as low as near 1955, basically the same as I expected, but it did not fall below 1950.
As can be seen from the chart, the resistance of 1975 is very high, and it directly broke the short-term support of 1960, so if you can't break through 1975 today, it is very likely to fall again.
We need to pay attention to the upper resistance point range:
1968-1972
1974-1976
Pay attention to the range of support points below:
1950-1955
1944-1949
So you can still sell in the resistance range, but the US unemployment benefits data will be released today (this data will also affect the trend of gold), you can also wait for the data to be released before selling.
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Goldpreis
XAUUSD:13/11 Today’s Trading StrategyDuring Monday's Asian trading session, the price of spot gold continued to be under pressure, with the current gold price around 1,939. Last Friday, spot gold dropped sharply by $20.38, or 1.04%, at the close, with the final closing price being 1938.07. From the instant breakdown in early trading to the rapid recovery of 1918, the price of gold has now fallen below multiple support levels at the daily level. At the same time, the trend of the K-line continues to be suppressed by the short-term moving average, showing a volatile downward trend. Then gold's downside space on the daily level may not be fully released yet. At present, we need to pay close attention to the pressure in the price range of 1943-1945. If this pressure level cannot be effectively broken, the price of gold may continue to fall.
Over the last week, gold prices have continued to fall and fell below new lows, and the bearish trend remains very strong. If gold prices continue to rebound and rise, the resistance level of 1944-1947 will put greater pressure on bulls. At the same time, it is calculated that the upper long-short dividing line is located at 1954. Before the gold price fails to break through this level, the downward trend of gold will not change. The lower support level focuses on the 1930-1920 area.
Comprehensive analysis: After gold plummets, the market may experience a volatile range. However, if the breakout to the upside cannot continue, then the bearish trend will continue. Therefore, today's operation strategy is mainly to consider rebound short selling, supplemented by long low position.
SELL:1944~1947
SL:1951
TP1:1938
TP2:1932
BUY:1929~1931
SL:1927
TP1:1935
TP2:1938
GOLD price achieves the targethello everyone, The price of gold was able to touch our expected target at 1933.30, which represents the 38.2% Fibonacci retracement level of the rise that was measured from 1810.33 to 2009.30, and is under continuous negative pressure formed by the moving average 50, in addition to being affected by the previously completed double top pattern, which supports the chances of surpassing the level. The current price is to open the way for a further downward correction, the next target of which reaches 1909.80.
Therefore, we expect to witness additional negative trading during the coming sessions, keeping in mind that failure to break 1933.30 will lead the price to attempt to build an upward wave, mainly targeting testing the 1962.35 level.
Pivot Price: 1933
Resistance prices: 1953 & 1962 & 1976
Support prices: 1925 & 1911 & 1897
The general trend expected for today: bearish
Gold operation method next week
Gold fell to 1993 this week and was blocked, falling to the key support line of 1933. This week is a downward trend. If we look at the continuation of the trend, it will continue to fall next week, but we cannot continue to be short until 1933 is effectively broken.
The weekly resistance at the top this week is around 1971, the support at the bottom is around 1933, and the super support is around 1910. If it doesn’t fall below 1930 after the opening next week, you can try to go long first.
Gold prices found resistance near 1961 on Friday, eventually ending in a downtrend. The resistance will be near 1955 next week. If it does not break above, you can go short first at a high price. When the price is close to 1933, it is still recommended to go long first, and then continue to go short once it falls to 1933 and then rebounds.
Next week's gold operating price range: 1933-1955 at the beginning of next week. Before the upper support and lower pressure have not broken through, go short at the high level and long at the low level. Take a trend following approach if price resistance is broken
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XAUUSD:10/11 Today’s Trading StrategyOn Friday, gold in the Asian market was operating in the 1955-1960 range. Spot gold ended three consecutive days of decline, getting rid of the lowest point in nearly three weeks, and once exceeded 1960. From the perspective of technical analysis, the daily head-and-shoulders top pattern has been partially formed, and the right shoulder's 2004 decline has now reached $50. This decline may have room for correction in today's trading. At present, after three consecutive trading days of decline, the market has rebounded, but the pressure point is located near the 1970 middle track of the daily cycle Bollinger Bands. Therefore, the key resistance level for today’s intraday rebound is near 1970. If it can hold above 1970, the market may continue to rise.
Gold stabilized at a low level yesterday and rose, forming a double bottom at 1944. Gold's US market combined with data pushed it higher. The highest point was resistance at 1965.4, and finally closed at 1958.33. The daily line ends with a small positive line with an upper shadow line. After the continuous decline, the gold price closed the positive line for the first time. This does not yet represent a reversal of the trend. The short trend temporarily paused and changed from a straight decline to a shock range. At the four-hour level, the Bollinger Bands show signs of narrowing. The dividing line between long and short is at 1979. After breaking through this level, the price of gold will strengthen again. Otherwise, it will continue to maintain a short retracement. The support below will focus on 1953, and if it breaks, look at 1944.
SELL:1968-1970
SL:1975
TP1:1962
TP2:1955
BUY:1947-1950
SL:1944
TP1:1957
TP2:1963
XAUUSD: 9/11 Trading strategy todayIn Thursday’s Asian trading, the price of gold fluctuated around 1950. As concerns about volatility gradually ease, gold prices have continued to fall over the past three trading days, and the precious metals market appears to have entered a correction phase. Yesterday Wednesday, gold prices fell for the third consecutive day. Spot gold prices fell for a third straight session, falling to a fresh three-week low. During the U.S. trading session, the decline in gold prices further expanded, falling below the key price of 1950, and finally closed down 0.97%.
Gold continued to fluctuate and fall yesterday, forming a resistance level in the 1970 area. The price of gold showed a downward trend since the early trading, and fell to the lowest point of 1947 in late trading, finally closing at 1950. There is a big negative line on the daily chart. The closing price did not break through the previous high, but the lowest price hit a new low, showing that the gold short market is still continuing. From the four-hour level, gold encountered resistance after reaching a high, then experienced a short decline and showed a divergent trend. It is currently in the acceleration stage of three waves of decline. The support below is at 1939, while the dividing line between long and short is at 1960. At the same time, the key point of 1970, where the price of gold breaks down, is also an important resistance level.
Comprehensive analysis: Gold is currently still in a short trend. The short-term gold operation strategy during the day suggests that the top short-term focus is on the resistance level of 1958~1960 for selling, and the bottom short-term focus is on the 1938~1940 support level for buying.
Golden Wednesday signal sharing
As the war confrontation weakened, the impact of gold changed from the impact of war to the impact of interest rates.
The FOMC did not discuss a rate cut. At present, economic inflation in the United States is still too high, and the data seems to be moving towards 3% rather than 2%. Therefore, Fed Governor Bowman also said that further interest rate increases are still expected.
The current fundamental news released does not seem to be conducive to the rise of gold, but bull investors do not need to panic too much. The extent to which the fundamentals affect the market depends on the intensity of digestion.
From a technical perspective, yesterday gold fell from 1978 to 1955 and then returned to around 1970. We can observe the buying and selling candles of 1970 and give an operating range:
sell:1972-1974 tp1962-1958
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XAUUSD: 7/11 Today’s Trading StrategyLooking at the 4-hour chart of gold, after yesterday's round of highs and declines, the price of gold has now returned to below 1980. On the 4-hour chart, the MACD signal line crosses downwards, indicating a bearish tendency in the short term. Below, continue to pay attention to the initial support area 1965-1970 mentioned last week. If this area fails, the consolidation pullback will further test the support of prices such as 1950 and 1930. Only if the upper level stabilizes above 2000, may there be a further upward trend towards high levels.
Gold’s 1-hour rebound highs are successively lower. Gold’s 1-hour triple top structure. The rebound is an opportunity for shorts. Today’s gold rebound basically has no strength. Just continue to short. Shorting may be just the beginning, unless gold The big positive line stabilizes and rises, otherwise there is still a lot of room for gold shorts. Today's gold short-term operation ideas suggest that rebounding and shorting are the main focus. The top short-term focus is on the 1980~1982 first-line resistance, and the bottom short-term focus is on the 1963/1953 support.
BUY:1962-1964
SL:1958
TP1:1970
TP2:1976
SELL:1980-1982
SL:1987
TP1:1975
TP2:1970
XAUUSD:1/11 Today’s Trading StrategyIn Asian trading on Wednesday, the price of gold was around 1,984. Previously, the United States released a series of weak economic data, which stimulated investors' demand for the U.S. dollar, causing a slight correction in gold prices after rising slightly on Tuesday. However, despite the certain correction in gold prices, overall, gold is still supported by some positive factors.
The gold market was choppy yesterday. The price opened at 1995.7 in early trading and then fell back to 1990.4. However, after the US market opened, gold prices began to rise and hit the highs of 2008. However, due to the subsequent rise in the U.S. dollar index driven by fundamental factors, the price of gold fell rapidly in late trading, even falling below the early low, with the daily lowest price reaching 1978.6. Finally, the closing price of gold was 1983.8, forming a middle Yin line with a long upper shadow line. Such a trend indicates that there is technical downward pressure. The 4-hour indicator shows that gold is currently in a bullish trend, but it tends to fluctuate in the short term. The 1-hour chart formed a double top, and the price bottomed out during the U.S. trading session, but the upward momentum was insufficient. Therefore, for short-term gold operations, you can first consider converting to a main short operation, and then consider long operations after the correction. Gold rushes higher and retraces, and the operating space moves downward. Today, focus on the resistance of 1990-1993 for short-term short-term positions at the top, and the support of 1972-1975 at the bottom for long-term positions.
SELL:1990~1993
SL:1997
TP1:1886
TP2:1882
BUY:1972~1975
SL:1969
TP1:1979
TP2:1984
waiting for a signal from the FedThe main stock indexes on Wall Street continued to extend their climbing streak, while US 10-year Treasury yields also increased as investors braced for speeches by at least nine officials. Federal Reserve (Fed) officials this week, including Fed Chairman Jerome Powell on November 9.
According to CME FedWatch, traders are discounting a 90% chance that the Fed will leave interest rates unchanged at its December meeting.
Gold Friday Trading Strategy
Gold tested the upper pressure point of 1992 again yesterday, and then fell to 1979. At present, it seems that gold will not break through 1992 and will still fall. Today's US non-farm data and US unemployment data will cause large fluctuations in gold prices. , if the upper suppression point is still strong, we will look at 1966 below and give everyone’s temporary operation strategy:
sell:1992-1988 tp1978-1975 sl1995
If gold breaks through 1995, consider buying gold backhand
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Xauusd:What is gold waiting for?
Monday's volatility determined two points. First, gold surged to 2009 last Friday, indicating that the resistance in 2010 is very strong. Second, gold supported 1990 yesterday, and the support at this point is also strong.There was no key data in the market on Tuesday. Then, there is a high probability that gold will not be able to leave the 1990-2010 range. If it unexpectedly falls below 1990, the strong support point below will be 1980.
From the technical point of view, the daily K-line has been operating on the support of the 5- and 10-day moving average. 1990 is the support of the 5-day moving average and 1980 is the support of the 10-day moving average. Therefore, today we only need to pay attention to the strength of these two support points.
We need to pay attention to the upper resistance point range:
2002-2010
Pay attention to the range of support points below:
1990-1992
1980-1983
Today you can still sell in the above resistance range, or you can buy in the support range
When trading, you can enter in batches according to your own funds and strictly set SL to ensure the success rate of your account.
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Important developments of GOLD🔴Gold price assessment
📌Gold rose sharply on Friday as the war situation in the Middle East continued to heat up. Israel expanded its bombing of the Gaza Strip, causing local Internet and phone services in Gaza to be cut off. Gold prices increased to the same level as in 2010, the highest level recorded in the past 5 months.
💢The war has greatly affected the price of gold. Everyone should carefully place SL TP when trading.💢
Accurate signals for gold
Gold, bulls began to retrace yesterday, reaching the lowest level of 1990 before stopping. After testing this position many times, it got a certain amount of support and reached the bulls' willingness to repair. Then we can temporarily make a certain bull layout around this position during the day. , of course, once this position continues to break, we still need to adjust the later direction in time. The daily line closed yesterday's big negative line. Although it is in a continuous rising form, a single negative retracement may be a way to repair it, and below The short-term moving average is also gradually rising, which can also provide a certain support effect. There is still a desire to rise in the short term, and the current hourly line shows a weak retracement situation, but the middle rail position below also needs to test the support effect, and currently gold While the top touches the 2009 line and then starts to retreat, the bottom support will also remain at the 1990 line, so we will first look at the shock within the range during the day. temporary trading strategies
Gold: buy1988-1990, tp2001-2003, sl1982.
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Gold maintained a stable position for 2 consecutive daysGold Analysis October 27: Gold maintains position
Fundamental analysis:
Gold continues to perform well and yesterday was no exception. From 1992 he saw prices decline until 1972 and then rise until 1988. The US GDP in the third quarter was a very impressive 4.9%, much higher than his 2.1% in the second quarter. This shows that the US economy is still very strong and there is no reason for the Fed to raise interest rates anytime soon.
The ECB left interest rates on hold yesterday, and the Fed is likely to do the same next week. Currently, 98.5% expect the Fed to keep interest rates unchanged. There are positive signs from the Israeli-Palestinian conflict as Iran's foreign minister has declared that he does not want to prolong the war and that Hamas is ready to release prisoners. PCE inflation data is also very noteworthy today. If inflation continues to rise, this will put downward pressure on gold. In general, the fundamental factors that support and pressure gold are in balance. Gold prices may remain high until next week's FOMC meeting. - Technical analysis:
Gold prices continued their upward trend yesterday, hitting higher highs and lower lows. When the price touches the 1972 support zone, a large candlestick shadow is formed. I will continue to purchase
Bought gold circa 1978, SL – 1973, TP1 – 1985, TP2 – circa 1992.
xausd signal sharing
Gold experienced very large fluctuations in both decline and increase in the US market yesterday. As I remind everyone of light position trading, you can make profits by retaining enough funds to resist the fluctuations. Today in the US market, there will be a fixed news from Thursday. , the news about the number of unemployment benefits recipients in the United States was announced, and the impact of war news makes us have to be vigilant, so I still recommend that everyone do a good job in risk control and find good buying points to trade. This will be safer. According to technical analysis Let me provide you with a trading strategy that you can refer to:
Asian gold strategy:
buy1978-1981 tp 1986-1988
European gold strategy:
buy1972-1975 tp 1984-1989
In the US market, I recommend that you trade after the news is announced.
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GOLD - after a day of crazy moves💯UPDATE YELLOW PLAN DAILY:
👉 Gold prices rose in Wednesday`s trading session due to continued conflict in the Middle East, while investors await US third quarter GDP data today and the personal consumption expenditures price index (PCE). ) of the US on Friday for more clues about the Fed's interest rate policy path. If interest rates are higher, it will increase the demand for holding gold. “Geopolitical concerns will not go away anytime soon, and this will continue to support gold prices,” said Mr. Bob Haberkorn, senior market strategist at RJO Futures. 👉 Higher dollar and US 10-year Treasury bond yields also limited the precious metal's rise. 👉 China Gold Association announced that China's gold consumption in the first three quarters of 2023 increased significantly by 7.32% year-on-year due to increased demand related to economic recovery. 👉In yesterday's plan, AE lost on a 50 pips sell bet, but instead he won on a 200 pips buy bet. I will prioritize buy orders today, AE
📌Today's trading plan:
🔽 Gold Entry Sales: 1992-1995
SL 1997
City 1984 – 1970 – 1962
🔼 Gold purchase entry: 1962 - 1960
Sula 1957
City 1970-1991-2019
Analysis of gold’s trend this week
Gold has experienced one rally after another this week:
Fundamentals of the Palestinian-Israeli conflict,
Thursday's Fed Powell speech
Rising after continued technical correction
There was no new breakthrough when it hit 2000 on Friday. Due to the fundamentals of the Palestinian-Israeli conflict, various countries continued to intervene, the U.S. economy continued to maintain a stable signal, and technically, the gold price needed to be corrected. A series of events such as this led to gold not successfully rising to 2000, otherwise, a new trend will form immediately. From my chart, I can see that gold needs to be corrected downward. Whether it continues to rise depends on whether the price of the corrected support point continues to rebound, and we find that the price range for the downside is sufficient. We need to pay attention to the updated changes in the Palestinian-Israeli conflict over the weekend. Once the risk aversion sentiment is eased, gold will continue to correct downward next week.
Gold still maintains a stable increasing position, possibly retu👉 Gold continued to be a strong bullish candle yesterday without any major corrections, with the price retesting the previous breakout zone of 1945 and then surging back to the expected zone of 1985. 👉 In the second half, prices remained within the short-term moving average band, extending the bullish momentum. The 1982-1985 zone is a strong resistance zone. If you break through, you can continue. As for who sells this area, he is in the area in 1965 and it is likely that he will sell it in 1990. I haven't sold it yet, but I'm waiting patiently to buy it at a good price. 👉 Purchase restrictions 1962-1965 SL, 1955 TP 1977-1985, plus 1990.
today's war news
According to Russian experts, the Israeli military leadership is in a very difficult situation where it can no longer retreat, but it does not really want to attack yet because it could lose.
Moreover, experts say failure would definitely be a disaster for Tel Aviv.
“The bombing and shelling that Israel is carrying out does not stem from any recognition of its own strength.
"Because they feel helpless in the face of fear for the future," expert Podryaka added on his Telegram channel.
Podryaka further pointed out that many countries have begun to evacuate their citizens from Israel, as well as neighboring Lebanon. This indicates the parties have not reached an agreement and the region will face severe tensions as hostilities reach their highest level in decades.
What does the price of gold depend on?
Hello traders, I am a senior trader and an analyst. I often share my various opinions occasionally through various channels. It’s a pleasure to meet you all at tradview today.
The price range of gold has been very large in recent consecutive months, with the price ranging from 1950 to 1810 to 1963 yesterday. Many traders lose their account funds, but if you don’t figure out why, you will still make the mistake next time,
Gold trading looks at the long term, ETF holdings of gold, U.S. bond yields, and the short term looks at fundamental news, as well as technical analysis. The current price of gold has been rising, and there are great hidden dangers. We all know that buying gold has caused the price of gold to rise due to the Palestinian-Israeli conflict, but ETFs have been reducing their holdings of gold, and U.S. bond yields have been reaching new highs. We are buying You need to be vigilant at all times when investing in gold, as these two risks can occur at any time.
The current fundamental news is that the Palestinian-Israeli conflict is still in a stalemate, and there has been an escalation trend in recent days. We are long and set a stop loss. From a technical perspective, we see that gold has a correction trend, so I recommend that you buy gold instead of selling gold, because The profit from a sell order will be very small, but a loss will be devastating. However, do not take a heavy position when buying gold. It will be safer to wait for the price to fall before buying. My operational advice to you is:
Gold: buy1935-1940 tp1952-1955 sl1930
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XAUUSD: 19/10 Today’s Trading StrategyGold prices experienced a strong rise yesterday, stimulated by risk aversion due to the possible expansion of the Palestinian-Israeli conflict. Gold soared nearly $40 during the trading day, hitting a high of 1962.5, before pulling back slightly. At the final close, gold closed up 1.28% at 1947.81.
The daily line reached a maximum of 1962.9, and then began to consolidate under the influence of Bollinger's upper track pressure, and finally closed at 1947.4. However, the closing positive line indicates that the market is expected to continue to rise, and technically there is continued bullish demand. The 4-hour chart shows the market's unilateral rise in heavy volume, relying on the mid-track rise, and has not yet retreated and corrected. The current rate of increase is beginning to slow down, and may turn into a shock-type increase next. A direct rise indicates that the market is strong, has greater impact, and has better continuity. As the rally progresses, higher prices are bound to face greater resistance. Market adjustments and shocks are inevitable. At this time, the trader needs to have good market reading skills. The current support is around 1940, any pullback should be viewed as aggressively bullish and continue to focus on new highs. Regarding gold’s operating ideas, it is recommended to focus on long positions, with bullish calls on lows; the upper suppression point is 1968-1976. The important short-term resistance at the top is located at the 1975-1987 line, and the important short-term support at the bottom is at the 1940-1943 line.
SELL:1942~1944
SL1938
TP1:1952
TP2:1958
SELL:1969~1972
SL:1976
TP1:1964
TP2:1958
All current world news supports gold returning to 2000 priceThe world war situation has not cooled down and many powers such as Russia, America and China are showing signs of getting involved. This is why I firmly believe that gold will increase in the long-term trend, let's see. Consider my analysis for today.
Gold analysis:
- The drop in gold prices from $1,962 to $1,938 could be a sign of seller participation.
- All will become clear after today's Asia session. Gold is still trading below $1,950 and a significant reversal is possible.
As the situation in the Middle East continues to escalate, gold prices have surpassed their 1950 peak and remain under upward pressure in today's trading. Today's scenario considers maintaining the buy strategy and GOLD is expected to make new highs again in today's session. The upward trend is likely to continue until his 1983 resistance target.
Currently, the price of gold depends on the war situation in the Middle East, so it may not follow the analysis or methodology. I think it is better to set the SL carefully without letting it run free.