The time to buy gold has arrived. Follow the market guide
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
The last order has been taken profit. At present, gold has reached near our buying point after falling. I said before that the short term focus is on selling high and buying low. But now that gold has fallen back, it gives you a buying opportunity. You can buy directly in 2033-2034. If it falls back, you can continue to add buy orders.Target 2040
If you are new to this. You can't complete the transaction on your own yet. You can refer to my trading ideas. hope it helps you.
Goldpreis
#GOLD #GoldUpdate
Following yesterday's FOMC news, we witnessed a remarkable surge in gold, signaling a potential ongoing upward trajectory. The specific timeline for this rise remains uncertain.
Our analysis involves a simultaneous examination of gold on the chart. According to our assessment, gold has exhibited an impulse and could sustain its ascent through the (1.2.3.4.5) waves.
We've identified what appears to be a bullish flag at the conclusion of wave 3. However, exercise caution in your trades, as gold may surge further before undergoing a correction in the form of (ABC) or possibly correcting at this juncture.
Feel free to trade with us and access our concurrent analysis in our VIP group, offered at no cost.
The latest views on the gold market
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
Gold currently remains at the 1981 level. Trading ideas were mentioned in the previous article. If you followed my instructions and sold at the high level it would have been a nice profit.
I have no better trades for the time being because the prime position is now in contention between bulls and bears. There is not much room for trading. And in the next few hours. Federal Reserve officials will announce some decisions on interest rates. The impact on currencies is huge. The U.S. dollar is the primary currency. The second is gold and silver digital currencies that resist inflation. In fact, these news are not friendly to novices. Because the uncertainty is too high. So if you are a novice, I do not recommend you to trade gold before the data is released.
The last trade I made was selling at a high level. It’s also a good profit today. As a novice or a trader who doesn't know how to trade, you should learn to accumulate from the profits you get.
Of course, if there are good trading opportunities, I will share them in time. This depends on whether everyone can follow in time.
If you are a newbie, you will not be able to complete transactions independently yet. You can refer to my trading ideas. Hope it helps you.
Xauusd:Continuation of last week's decline
Not only did the number of new non-farm payrolls in November exceed expectations, but the unemployment rate unexpectedly fell to 3.7%, and hourly wages exceeded expectations.After the release of non-farm payrolls data, the swap contract showed that the market lowered its expectations for the Federal Reserve to cut interest rates in 2024, and the probability of keeping interest rates unchanged in December rose slightly.This week's market will focus on the CPI data released on Tuesday, which will reflect the recent inflation issues in the US market, as well as the Fed's interest rate decision on Thursday. The interest rate decision announced this time will be the last time this year to announce whether the Fed will raise interest rates. Judging from the data in the December non-farm payrolls report, it is expected that there will still be no interest rate hike this time.
As can be seen from the chart, gold still maintains a downward trend, paying attention to the support of 1995, 1985, and 1950.
From the technical point of view, the daily line fell below the middle Bollinger band of the daily cycle last Friday. The space for this wave of decline depends on the support point of the lower Bollinger band of the daily line 1950, and there is almost no support point in the middle, so we can sell mainly.
This week's key data are CPI and the Fed's interest rate decision, so the volatility on Monday will not be too great, and the current range is between 1990-2010.
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XAUUSD: 11/12 Today’s Technical AnalysisGold technical chart daily pressure is 2100, with support below 2000-1983
Four-hour pressure is 2032, support below is 1983
One-hour pressure 2014, lower support 2000-1983
⚠️Trading advice:
SELL: Near 2000, it is only suitable for short-term scalping.
SELL: around 2014
SELL: around 2032
BUY: around 1983
gold updateGold Update:
We've conducted an analysis of gold for the upcoming trading week, anticipating a minor correction before its continued decline to $1978. The short zone is expected from 2012-2014$.
Stay connected with us for a trading week filled with potential profits, and remember, it's all completely free.
Xauusd:Waiting for news data
Yesterday, ADP employment data was released. The report showed that the number of ADP jobs in the United States increased by 103,000 in November, less than the expected 130,000, and also less than the previous revised value of 106,000.Four consecutive months fell short of expectations, adding new evidence to the cooling of the US labor market.
At the same time, wage growth has also cooled further. In November, the wages of those who stayed in the job rose by 5.6% from the same period last year. The growth rate fell for the 14th consecutive month and fell to the weakest growth level since September 2021.
Coupled with the announcement on Tuesday that the number of JOLTs job vacancies in October fell sharply by 8.733 million, much lower than the previous value of 9.33 million, these signals of a weak job market are gradually reducing the probability of the Fed raising interest rates.
Today's number of unemployment benefits and tomorrow's non-farm payrolls data will determine the further development direction of the market in the future.
After the skyrocketing and plummeting on Monday, the two days began to fluctuate at a low level. On the one hand, it was to repair the oversold graphics, and on the other hand, it was also waiting for Friday's non-farm payrolls data to determine the trend.
At present, the data released this week are all in favor of gold, so the probability of gold rebounding is still relatively large.
Therefore, under the current downward trend, we can't sell blindly today. We need to observe the resistance of 2035-2040. If we break through this range, gold may reach the vicinity of 2050 again.
If you don't know how to trade, join me and let us learn together to improve the success rate
Xauusd:Interval resistance support
Yesterday's crazy gold finally calmed down today. Today, the United States will release November's service industry PMI data, as well as JOLTs job vacancy data, which are all very important news. Will it make gold crazy again? Let's continue to see.
Yesterday we mentioned that Friday's non-farm payrolls is a time window to determine the future direction of gold. Before Friday, I think there is a greater chance of range fluctuations, but crazy gold cannot be treated with the usual eyes.
So we have to follow the trend to trade and trade small lots, so that you will have more room to increase your position.
Judging from the chart, gold has fallen below the upward trend, but stopped falling on the VWAP trend line, so today we can observe the range of 2050-2020
Aggressive traders can gradually sell above 2040 and gradually increase their positions. The stop loss is set at yesterday's support point of 2055.
If you already have a buy order, you need to observe the strength of the support point. If you fall below the support point and are blocked, you should make a stop loss to reduce your loss. As long as you follow my strategy, your success rate will be greatly increased.
If you don't know how to trade, join me and let us learn together to improve the success rate
GOLD remains a BULL Market despite SELLERS desires"NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR" - @ekatatrading \ Brandon Abass
This is a law that I have created for myself many years ago and it continues to serve me to this day - like I would have mentioned earlier today I missed my opportunity to buy but never the less the law holds true.
Please Note - this is not me telling you to BUY here but I am saying Don't sell lol
Selling at this point in time on gold in my opinion is extremely dangerous as it is a very very obvious level in which sellers would be interested - Now if you are ok with being like everyone else & getting results like everyone else...then YES, ABSOLUTELY SELL HERE NOW! But at some point we have to stop and take charge of our own decisions and realize that following what everyone else will do in certain scenarios is what is leading you astray.
GOLD at the end of the day is a bull market and if you are selling - I'm sorry but I got some news for you buddy, you may win today but it will take back that money from you at some point very very soon unless you understand the absolute flow of things.
NOW, this may seem like a pretty ignorant statement without me covering different trader styles, maybe you want to sell and not hold for very like in the sense of doing a scalp type trade..this could work if your timing is very good and you are aware that the sell will be very temporary and is extremely dangerous but I've seen some traders selling with take profits back at the 2000 level - if gold gets back down there well we definitely have a problem for buyers.
All in all - let the momentum tell you what is likely to occur rather than guessing and calling it "an analysis". Godspeed to all sellers, may the odds be in your favor
Downvote\don't boost if you didn't listen and or read this entire post and don't understand
OR
Upvote\boost if you did listen and or read this entire post and do understand
GOLD - Short Squeeze Similar to 2008 ?Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
In today's analysis, let's discuss the recent surge in gold. Have we seen this before or is it dejavu? In light of the recent fears concerning the banking system, gold has been increasing rapidly. Bitcoin follows on it's heels as many investors diversify into crypto. (Please check out related ideas below, I did a comprehensive update on the SVB collapse). Now let's get call it what it is - a short squeeze.
A short squeeze is a situation that can occur in the trading of commodities, stocks or other financial assets where investors who have bet against a particular asset (by shorting) are forced to buy back the asset at a higher price than they initially sold it for. This can happen when there is a sudden surge in demand for the asset, causing its price to rise sharply, which then triggers a chain reaction of buying by short sellers who need to cover their positions. To understand how a short squeeze works, let's start with a brief overview of short selling.
Short selling is a trading strategy in which investors sell borrowed shares of an asset, hoping to buy them back at a lower price in the future. The idea is to profit from a decline in the asset's price, as the short seller can buy back the shares at a lower price than they sold them for, pocketing the difference as profit. However, short selling is inherently risky, as there is no limit to how much the asset's price can rise. If the price of the asset increases, short sellers may be forced to buy back the shares at a higher price than they sold them for, resulting in a loss.
Now, let's assume that a large number of investors have sold a particular asset short, betting that its price will fall. If the asset's price starts to rise instead, these short sellers may start to feel pressure to buy back the shares to cover their positions, as they do not want to incur further losses. As more and more short sellers start to buy back the asset, its price may continue to rise even further, which can create a feedback loop. This, in turn, can trigger more short sellers to buy back the asset, creating a self-reinforcing cycle of buying that can drive the price up even higher.
At some point, the short sellers may become desperate to cover their positions, as they fear the asset's price will continue to rise. This can lead to a sudden surge in demand for the asset, which can cause its price to skyrocket. This sudden increase in demand for the asset, driven by short sellers trying to cover their positions, is what is known as a short squeeze. The short sellers are "squeezed" out of their positions, as they are forced to buy back the asset at a higher price than they initially sold it for. A short squeeze can happen after a strong bullish surge because gold is a popular asset for short sellers to bet against. Short sellers often sell gold futures contracts or exchange-traded funds (ETFs) with the expectation that the price of gold will fall, allowing them to buy back the contracts or ETFs at a lower price and pocket the difference as profit. However, if the price of gold starts to rise unexpectedly, these short sellers may become nervous and begin to buy back their positions to limit their losses. As more and more short sellers buy back their positions, this creates additional buying pressure, which can push the price of gold even higher.
If the price of gold continues to rise, some short sellers may become desperate to cover their positions, as they fear that the price will continue to increase and their losses will mount. This can lead to a short squeeze, as short sellers compete with each other to buy back gold contracts or ETFs, driving the price even higher. Additionally, a short squeeze in the gold market can be exacerbated by the fact that gold is often seen as a safe-haven asset , particularly during times of economic uncertainty or geopolitical tension. During such periods, demand for gold can surge, leading to a sharp rise in its price. This can create a situation where short sellers are caught off guard and forced to cover their positions at a loss, which in turn can drive the price of gold even higher.
One notable example of a short squeeze in the gold market occurred in the early 1980s. In the late 1970s, gold prices had surged due to high inflation, political uncertainty, and a weak US dollar. However, by the early 1980s, inflation had begun to decline and the US dollar had strengthened, leading many investors to believe that gold prices would fall. As a result, a large number of investors began to sell gold short, betting that prices would decline. However, in January 1980, the Soviet Union invaded Afghanistan, leading to a spike in geopolitical tensions and a surge in gold prices. This caused some short sellers to begin buying back gold in order to limit their losses, which in turn led to further price increases. As the short sellers continued to buy back gold, other investors began to take notice and also started buying, leading to a widespread short squeeze that caused gold prices to soar to an all-time high of $850 per ounce in January 1980. This short squeeze ultimately led to significant losses for many investors who had bet against gold, while those who had held long positions in the metal enjoyed substantial profits.
During past short squeezes in the gold market, prices have risen significantly, sometimes reaching all-time highs. For example, as I mentioned earlier, in January 1980, gold prices reached an all-time high of $850 per ounce during a short squeeze. Another example occurred during the global financial crisis of 2008-2009, when investors flocked to gold as a safe-haven asset amid market turmoil. In March 2008, gold was trading around $900 per ounce, but by September 2011, it had reached an all-time high of $1,920 per ounce. Can it be possible to see something similar to this over the next few months ? In other words, be careful to short gold at resistance. This is exactly what would seems like a logical scenario after a period of upward trading, but we're trading at ATH's and in uncharted territory, so who can say where the next resistance zone is?
It's important to note that short squeezes are unpredictable events and can be influenced by various market conditions and factors. Additionally, historical price movements may not necessarily indicate future price movements. Therefore, it's always important to conduct thorough research and seek professional financial advice before making any investment decisions.
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Xauusd:Narrow fluctuation
During the Thanksgiving holiday, the U.S. market was basically closed. Everyone also discovered that yesterday's market was basically dominated by narrow fluctuations, and there was no big opportunity.
Gold only had a volatility of 10pips yesterday, the highest point was 1998, while the previous day's high was in 2006. It can be found that not only the volume is falling, but the highest point is also moving.
As can be seen from the chart, the resistance level is 1994-1996, and the support of 1984-1987 is concerned below.
Today should also be a narrow fluctuation. You can choose to sell at a high level, buy at a low level, and strictly stop loss, so that your success rate will be greatly increased.
If you don't know how to trade, join me and let us learn together to improve the success rate
Xauusd:The forecast is completely correct
This week, focus on the release of the latest minutes of the Federal Open Market Committee meeting and existing home sales data for October on Tuesday, and the release of durable goods data for October, the University of Michigan consumer confidence data for November, and the number of people applying for unemployment benefits at the beginning of each week on Wednesday.The market will also be closed on Thursday due to the Thanksgiving holiday in the United States.
As the U.S. economy shows signs of inflationary pressure and the labor market cools, the market expects the Fed to stop raising interest rates, causing the dollar to weaken throughout the week and gold to rise.Although the Fed's aggressive interest rate stance has attracted widespread market attention, as global financial markets become more and more worried about the size of U.S. debt, investors should also pay attention to its balance sheet.
Today, the lowest gold reached 1973, and the highest reached 1993 last week.
From the chart, you can see that gold fluctuates between the trend 1965-1993
So we can choose to trade in this range and strictly set the stop loss, so that your success rate will be greatly increased
This is my forecast this morning. Gold stopped falling and rebounded in 1965 according to my forecast.
If you don't know how to trade, join me and let us learn together to improve the success rate
🐬 New trend of GOLDEllie wants to send you some small analysis, hope you will like it. Thanks for reading ♥
If we get to the beginning of Europe, PLAN EUROPE, Gold may react at the resistance zone 1,995 - 97, but if we can maintain the zone 1,990 - 92 to 1,987 - 85, the opportunity to Buy still remains with the same targets. Only if during the middle of the European session Gold cannot surpass the 2,000 - 02 range, then we will sell earlier with a target price of 5 - 7.
The price is 1,991.30
Please trade carefully, don't turn it into a game but turn it into an investment opportunity ♥♥♥
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Xauusd:Will it continue to rise?
The number of people continuing to apply for unemployment benefits in the United States reached the highest level since 2022, and the number of people applying for unemployment benefits for the first time rose to 231,000, the highest level in nearly three months.Coupled with recent inflation data, it strengthens the view that the Fed is unlikely to raise interest rates further.These unfavorable U.S. economic data have exacerbated the decline in U.S. Treasury bonds, which are usually regarded as the cost of holding non-yielding metals, causing gold to soar.
Yesterday, after breaking through 1975, gold rose rapidly, reaching a peak of 1992 today.
Judging from the indicators, the 4H-level RSI has been overbought twice, and 1H has also reached the top of the trend.
ut the important resistance above is near 2007
Today is Friday, so you need to trade more cautiously
If you don't know how to trade, join me and let us learn together to improve the success rate
GOLD price is recoveringhello everyone,The price of gold confirmed the breach of the 1987 level after closing the daily candle above it, opening the way for the continuation of the rise and heading towards achieving positive targets starting at 2000 and then 2009 , so that the upward bias is likely for today, supported by the 50 moving average that carries the price from below.
We point out that the continuation of the bullish wave requires stability above 1987, and most importantly above 1963 , as breaking this level represents a negative factor that will put pressure on the price to return to the downward corrective path again.
Pivot Price: 1987
Resistance prices: 2000 & 2009 & 2031
Support prices: 1975 & 1963 & 1955
The general trend expected for today: bullish
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.
If you don't know how to trade, join me and let us learn together to improve the success rate
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