Go long gold and continue to make profitsToday's profits are relatively good, and both gold and crude oil have achieved good gains in transactions. Moreover, although the gold long orders we currently hold have not reached the expected profit target, they still have good returns.
Today, gold fell back to around 1890 after rebounding from 1904. Many people may think that gold is still in a bearish trend and cannot rebound. I don't think so, I think gold is changing the trend right now. Because after the continuous negative decline, gold closed a positive K line yesterday on the basis of stopping the decline and stood on the short-term moving average, which is a signal of reversal momentum.
Therefore, it is definitely not possible to short gold near the 1890 position. After all, a triple bottom has been formed near the 1885 position in a short period of time, which limits the downside of gold and is also fully prepared to support the rise of gold,so this is also the reason why I tend to be long gold at present. If there is no accident today, the positive K-line will still be closed. In addition, the gold long positions in our hands can still be held with confidence. Even if we do not reach the profit target of 1902 today, we will surely reach our profit target tomorrow.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
Goldpreis
Gold 85-84 to do more; short-term try to do more
Gold, after the opening of the day, first retreated at the 84 line, and continued to compete around 90, but in the U.S. market, it unexpectedly rose above the 98 position and then began to retreat, and continued to touch around 85, forming a three-bottom pattern , and in terms of the weak form in the near future, this action does not perfectly explain the signs of the bulls' rebound, but when the market continues sideways and there is no sign of breaking the position, we can continue to consider whether the reversal of gold is coming, At present, the daily line continues to be under pressure on the negative line, and the short-term moving average has also achieved the effect of short resonance. The multi-hour line has a perfect downward channel. According to the simplest operation idea, just let nature take its course and follow the market, but the intraday surge , In terms of the support effect achieved below, we can still consider trying to release a certain amount of energy from the bulls, while the first target above is maintained at the 1900 integer level. Once this position is broken, there will be a continuation in the later period At present, we can go long on gold around 85-84, the target is around 95-00, and the stop loss is 79. If we break the 80 line as follows, we can consider shorting.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold continues the short trend, the key point today is 1890Gold continues to maintain a downward trend at present, and the white market has rebounded, but the position after the rebound also indicates that it is difficult for the bulls to gain an advantage in a short period of time. Therefore, in today's operation, first look at the position below 1890. If you hold the line of defense and do not break it, it will be near this position Go long, if you can’t hold it, gold will fall to the 1880 position in the next step
BUY:1890, SL1885, TP:1897
If the European and American market rises to 1898-1900, you can participate in short selling
SELL:1898-1900, SL:1905, TP:1890
XAUUSD: 16/8 Gold Trading StrategyDXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896 yesterday. The oscillating movement of one step at a time seems to be weak, but it has not yet penetrated the low of 1893. A blunt shock fell, accompanied by a low rebound, and the daily line still harvested a small Yin K line. Since the daily chart was under pressure from the high point of 1987, there has been a wave of unilateral weak declines, directly giving up room for rebound. As it approaches the thousand-track mark and the low point of 1893, the short-term began to enter into repeated see-saw. It seems to be weak, but the strength of unilateral breakout is lacking, one low point and one reverse draw, whether it is brewing breakout or a steady recovery remains to be confirmed.
The 4-hour chart is weak and downcast with a rebound correction. The low level was still recovered in the late trading yesterday. The short-term quickly reversed the pressure on the middle rail 1911 line and then retreated to the 1900 mark. Repeatedly testing around the low point. It needs to be further confirmed in combination with the form whether it is poised to break down during the consolidation or to start a steady recovery. At present, it is repeatedly approaching the low point, but it lacks a certain strength to break the position. The short-term changes in the tug-of-war. From the perspective of the downward trend of the small-cycle step, as long as the short-term does not regain 1916, the short-term bearish thinking will be maintained for the time being.
Gold operation strategy:
SELL: 1912-1916
TP1:1908
TP2:1902
BUY:1898-1902
TP1:1906
TP2:1910
Gold bulls are weak, continue to be shortGold layout analysis: The highest rose to 1906 yesterday and began to short. After we made a profit, we rebounded to 1905.5 and shorted again to make a profit.
Looking at the daily line, gold has fallen below the 1890 line. According to the expected trend, it will definitely rebound and fall again to find the bottom support. But tonight there will be the release of initial data and the Fed meeting speech. The bulls may go the same way as before, directly rising without giving any room for reversal. In addition, there will be data released tonight, so the operation is still based on high altitudes, and more orders will be laid out for everyone based on the actual trend. However, according to yesterday's forecast, I believe that gold will continue to fall and continue to approach the 1870 gap below. We just need to control the entry position.
Back to the topic, the current gold bull trend has been in a very weak state. The rebound position is not strong enough, we can't give us a point to enter the market and open a short position, so we will continue to wait and see.
In today's operation, first look at the 1900-1903 line above, and reach this range to find a high point to enter the market and open short.
SELL:1900~1903,
SL:1908
TP:1890~1895
The long signal will be arranged and shared with you according to the actual trend.
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
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GOLD Critical support & second Bottom pullbackGOLD almost hit its support area so now we are looking ahead to pullbacks & how impulsive they can be. As for now we are believing the pullback to 1910 area where it can be stopped & test support once again then we can say a proper bullish move to be seem back to 1930s area with new uptrend.
GOLD: Gold price assessment after FOMC!Despite the recent increase, the price of Gold continues to be influenced by bearish technical indicators. There is a strong downward trend, with the immediate support level being at 1,890 - the lowest in five months. If this level is broken, there is further support at 1,886 which was last seen on March 15th. Should prices decline even further, they will likely test levels below the static support of 1,870.
Gold price is coming up for some air after the relentless three-day decline, fuelled by a broadly firmer US Dollar amid an increased flight to safety and economic resilience showcased by the recent US economic statistics.
GOLD:Trading strategy
Gold has been fluctuating from 1900-1910 today, but it has been suppressed by the above resistance and has been falling to a low point.
Now gold has fallen as low as 1896 due to the influence of US data, but it rebounded immediately, so as long as gold falls no more than 1895 again, there will be short-term demand for an increase.
Gold trading advice today:
Gold:buy1895-1900 TP:1908-1915
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Gold 03-02 go long, try long and single layout
Gold performed normally in the white market yesterday, while the U.S. market, stimulated by the news, quickly pierced through the integer barrier of 1900 and then began to return to volatility. This also made us somewhat unexpected. Although the road is bumpy, it has finally stepped out of the short-term trend. The continuous decline has also made the market have greater expectations for the short-term. At present, when it is about to hit the previous low of 1893, the short-term will also be possible. It will affect the test again, and whether yesterday's puncture is another signal for longs and shorts, this action is also likely to be the formation of a double-bottom pattern by the bulls again. Although there is no basis at present, we can try it as a layout for the bulls. For the current position, if we continue to chase the short, we don’t have much courage. We can only continue to follow up after waiting for the bottom to break. At present, we can only do some tentative transactions. In the short term, we still have gold Need to wait around above 00, the target is around 13-18, and the loss is 96. If it continues to break the 1900 line, consider backhanding, and the target is around 1885
GOLD:Trading strategy
I judged this morning that gold will not fall easily, as long as it falls, it is an opportunity to buy.
In addition, from the position point of view, it is currently very close to the low support area in June. There will inevitably be a large number of short positions that choose to close at a profit, and long funds try to enter the market. Repeated market fluctuations are inevitable.
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Gold 03-02 is long, it is expected to bottom out.
Gold, formed a small sideways pattern after the opening of the market yesterday, and there was not much movement in the European market. However, the first wave of declines was ushered in before the US market, but the magnitude was not large, and the US market broke down for the second time. The lowest hit After reaching around 02, it starts to reverse, so this action also indirectly shows that a certain support is expected to be formed below the short-term. After all, the first-line position of the integer level 1900 is also the previous regional support position, and this position is likely to usher in again. The role of upward repair, while the current upper pressure is maintained at the 20-line, and the lower support is maintained at around 1900. In view of yesterday's bottoming out of the U.S. market, there have been certain changes in the operation within the day. If the retracement is below 05, we can try to go long and wait to see if the bottom can be successfully built. On the contrary, if we first reverse the draw and see below the pressure of 20, we can still selectively short again and wait to see the follow-up development, such as long-term If we stand firmly above 20, we need to readjust the overall situation. If we withdraw first and go long within the day, and if we withdraw first, we can continue to short. Go short around 19-20, and the target is around 08-03
XAUUSD: 14/8 Trading Strategy of the DayToday's Asian market opened at $1913.27 in early trading, with a high of $1915.09 and a low of $1910.03. The minutes of the Federal Reserve FOMC meeting will be the focus of this week. The market is expected to be inclined to pause interest rate hikes in September and November. The dovish stance will put pressure on the dollar to break through the 103 mark. Gold fell to $1913.
The lowest point in early trading was at 1910, and gold continued to fall on the weekly trend. Currently, it maintains a trend of weak shocks, and the price is already close to the previous support zone. Whether there will be room for rebound repair at present. On the daily line, the K line is basically suppressed by the short-term moving average, and continues to show a strong downward trend of shocks. Judging from the daily line, it seems that there is not much room for a rebound, and it is more inclined to continue downward. From the four-hour chart of gold, the moving average is still running below the price, and the two moving averages have a clear downward trend of dead cross, while the K line is below the dead cross throughout the whole process, and is under continuous suppression. Although there is a short-term rebound, the big Yinxian can quickly swallow up the strength of the rebound. After opening in early trading, the downward trend of the negative line seems to continue.
In the 4-hour chart, the shape of gold presents a flat line, showing the characteristics of a bearish side. Despite multiple lows, the failure to break out also hints at the bearish influence. From an indicator point of view, the continuous bottom divergence of the stochastic indicator shows a gradual change in market sentiment, which may lead to an important turning point in the future. At the same time, the MACD indicator also shows signs of passivation bottom divergence, and there is no obvious rebound trend at present. The upper initial resistance is around 1920.88 on the 5-day moving average, and the resistance on the 10-day moving average is around 1932.49. For initial support, refer to the position near the lower rail of the Bollinger Line at 1907.02. For strong support, refer to the 1900 mark. The monthly low was 1892.86.
The upper part focuses on the first-line resistance of 1923-1928, and the lower part focuses on the first-line support of 1900-1893. If the 1910 position is broken today, we will continue to look down around 1900, and if we break the 1900 position, we should not continue to be long on gold.
Gold operation strategy:
SELL:1918-1921
TP1:1915
TP2:1910
BUY:1903-1906
TP1:1910
TP2:1916
Gold 19-20 short; continue to short unchanged
Gold fluctuated slightly on Friday, with no intention of breaking through. After four consecutive days of decline, this move was unexpected. We had expected a new round of decline on Friday, but after all, it did not It can come true. Fortunately, since this wave of decline, the possibility of a later breakout is very high, and the sideways fluctuations in the small area are also brewing for the next wave of market prices. The transformation of space will further strengthen the later actions, and the current pressure on gold is maintained at the 20-line. On the one hand, this position is the top-to-bottom transition in the previous period, and it is also the high point on Friday, and it is also the suppression of the daily short-term moving average. At the mouth, it is difficult to break through this position when the short position is established. However, in the near future, during the continuous downward process of gold, it will be gradual and at the same time, it will still accelerate when the energy is exhausted in the later stage, then the first target below If it breaks below 1900, you can continue to look at the position around 1870-1850. Next Monday, we will short around 19-20 for gold, and the target is around 10-05
GOLD: A predictable scenario!The underwhelming inflation figures in the United States provided a reason for Federal Reserve policymakers to celebrate their success in tackling price pressures. However, traders were eager for more information to alleviate concerns about the shift in policy direction. These concerns were further compounded by worries surrounding China, the largest consumer of gold globally, which put downward pressure on the price of XAU/USD.
Focus on gold 1930~1944 high short low longGold layout analysis: The market opened at 1936 in the morning, and the trend was weak. After falling to the 1931 line, it began to rebound. Under this trend, it is expected to continue yesterday's weak empty trend and continue to attack the 1930 line. So the next situation is relatively clear. As long as the strong support at the position of 1930 is not broken, we can try to do long (short-term operation) near it to catch the rebound. At present, unless gold regains a firm position above 1945, it is possible to open the bull's offensive trend. Otherwise, you can only go short during this period. So this Thursday's CPI also determines whether gold will restart the bulls, or continue to be short, hitting the 1900 integer level. This is just my guess, and the specifics should be based on the data and the actual trend.
Under the current trend of gold, we still operate around the high-altitude position, and we can participate in long orders without breaking the position at 1930.
Today, let’s first look at the first-line break at the 1930 position below, and do long positions if you don’t break through.
BUY1930~1932, SL1925, TP1938.
The European and American market rose to the 1940-44 line, reaching this range to find a high point and enter the market to open short.
SELL1940~1944, SL1947, TP1930.
XAUUSD: 10/8 Today's Trading StrategyThe international gold price rose slightly and is currently around $1918. Yesterday, spot gold turned around after rising to an intraday high of $1932.39, and accelerated its fall below the $1920 mark in the U.S. market, and finally closed down 0.57% at $1914.35. The dollar fell on Wednesday, trading was quiet and stuck in a range, Investors await Thursday's U.S. consumer price report for signs on the direction of the Federal Reserve's monetary policy.
This trading day will usher in the U.S. CPI data for July, which is the focus of the market this week. At the same time, the changes in the number of U.S. jobless claims processed at the same time need to be paid attention to. These data may provide more information for the Fed's monetary policy stance clue. Judging from the 4-hour chart, the stochastic index is passivated and deviates from the bottom, and the MACD double-line dead fork is downward, temporarily controlling the market; in terms of form, the temporary low point has not yet come out; the form is not the form of the bottom, lacks a big positive line, and lacks continuity; Therefore, there is also a lack of reversal signals in 4 hours for the time being. Secondly, structurally, it is running in a descending channel, and the overall position is still controlled by short positions; the support position for top-to-bottom conversion is at the upper and lower positions of 1923.
Today, relying on yesterday's opening and falling of the U.S. market around 1927-28, we will continue to short at a high level. The target below is still focused on breaking the bottom, and the short-term weak short-term boundary line is focused on the 1932 mark. If the position is broken below, continue to pay attention to the low point support on July 10 near 1912.57. The lower track support of the Bollinger Line is currently around 1908.92, and then the integer mark support of 1900. The 200-day moving average support is also near this position.
Gold operation strategy:
SELL: 1923-1926
TP1:1918
TP2:1910
Buy: 1905-1908
TP1:1912
TP2:1918
The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023.
Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish.
The major levels were also marked on the chart with their possible rejections.
Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also.
The major zones are:
1- 1918.90
2- 1924.88
3- 1931.31
4- 1947.88
You will open buy positions, and your take profit will be at these levels in the short term.
Selling zone was also the major zone marked above if market will give some indications.
The marked levels were also the resistance levels in the H4 time frame.
The possible trading setup is as follows:
Entry Point: 1906-1894
Stop Loss: 1890
Take Profit1: 1918
Take Profit2: 1931
The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
GOLD:Trading strategy
Gold pays attention to important data today:
U.S. July quarter-adjusted core CPI annual rate, quarter-adjusted CPI annual rate
Personally, it is expected that if the announced value is unexpectedly less than or equal to 3.0%, it means that U.S. inflation has indeed slowed, interest rate hike expectations have cooled, and the dollar is bearish.
If the announced value is 3.1~3.3%, the probability of shock is greater, and there is a chance for both long and short.
If the announced value is greater than 3.3%, it will gain more U.S. dollars and short all risky assets and non-U.S. currencies.
Once the bearish gold price situation occurs tonight, gold is likely to fall first and then rise, then the area below 1900-1910 will stop falling and rebound.On the 1-hour chart or the 4-hour chart, we will see a long lower shadow line.At this time, you can buy gold lightly. If the rebound is weak after falling below 1900, you can stop the loss.
Gold trading advice today:
Gold:buy1900-1910 TP:1918-1923
Cautious traders can wait for the news and then trade, which can better ensure the security of your account
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
GOLD: The trend is highly likely to drop to 190x with CPIGold price is replicating the moves seen in the first half of Wednesday on the United States (US) Consumer Price Index (CPI) day. The United States Dollar (USD) buyers take a breather, awaiting the critical US inflation data for a fresh directional impetus.