GOLD: Today with news!Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
Goldpreis
XAUUSD:Will it fall below 1900 again?
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article.
At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally, the market stopped falling at 1893, and then, in the following news, it broke through 1937, and it returned to above 1952 again.
At present, the price has touched the important resistance of 1981-1985. Although there is no breakthrough, we have to be vigilant. If it does not break it (1963-1957) in the process of backtesting the support, it will mean that it will rise again , may go directly to around 2000.
Of course, if it breaks below support, or even falls to around 1943-1939, then we will consider it to form a head and shoulders pattern again, and then fall below 1900.
The number of initial jobless claims will be announced tomorrow. This is an opportunity to choose the direction of the current shock. We only need to focus on these few positions.
At the same time, the month is coming to an end, NFP and some other monthly data will once again bring new opportunities for gold, are you ready to seize them?
You can find me and get more trading signals!
Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target.
Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%.
BUY GOLD zone 1948 - 1952
Stop Loss : 1942
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
GOLD Sell pressure (The second phase of bears)From the last days as how we keepimg our target areas in view & on yesterday we hit our target on bear move. Now we are looking ahead on 2nd phase of sell in which i have mentioned the both areas to focus on hitting which can be the 1950 or either 1938 respectively to retracement levels.
XAUUSD:Short-Term Focus 1970-1985
Yesterday was negative, so the short-term is a stagflation rhythm, but if it goes directly to V and reverses the decline, the price should rebound again at the key support. The high point of the second rebound is lower than the previous high and then falls again. It can be confirmed that the stage top appears, which is consistent with the structure formed by the previous bottom. The short-term price focuses on the 1970-1984 range
More analysis and signals will be updated in time, and interested friends can keep up.
Next, continue to pay attention to the strength of the gold corr
The gold trading signal given today once again made profits, affected by the data, the dollar index rose sharply, gold was under pressure, down $20, everyone reaped a good profit, next we continue to pay attention to the adjustment range of gold and the trend of the dollar index, the current gold began to adjust upward, but the dollar index has not been affected, so it is still necessary to pay attention to whether the dollar index continues to strengthen and suppress gold, the low point of the last round of gold decline was around 1970, and there is short-term upward resistance in 1970, If gold continues to rally above 1970, we can still consider going short again
Gold Trading Strategies:
XAUUSD:SELL@1976-1981 TP1966-1962
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XAUUSD: 19/7 Gold Trading StrategyGold analysis; The layout of gold 1951 long orders on Tuesday did not give a position to enter the market, and it oscillated back and forth around 1960. Under the support of the data in the afternoon, starting from 1960, it rose all the way to the 1984 line, and then fell back in shock.
Although the current rising pattern has not been extended in the first place, the occurrence of such an abnormal trend of rising and falling has clearly shown that the current market is in a very unstable state. After gold broke through 1964, the short-term short-term will continue this round of gains and continue to attack the upper high point of 1985. Today's adjustment in the Asian market is not very ideal. This is great news for gold bulls. Therefore, the layout of gold will also be based on bullishness. The only problem is that the bottom position has not been established, which makes us add some risk index while being bullish. Although small, it must be taken seriously. At present, we only need to wait for the bottom position to be established, and we can be bullish on gold without any worries.
Back to the topic, gold broke through the 1964 line yesterday and rose to the 1984 line. The uptrend undoubtedly crushed the bears across the board. However, the bottom position has not been established, and it is easy to be trapped if you do long in this time period. So today's gold operation strategy:
SELL: 1983-1986
TP1: 1978
TP2: 1973
BUY: 1971-1968
TP1: 1976
TP2: 1981
(The real-time trading strategy is subject to the latest signal)
Gold's Next Big Opportunity: 1880-1850
Follow me, they seized the opportunity for gold to rise from 2000 to 2050, and also seized the opportunity to fall from 2020 to 1920, and they made a lot of money!
Now, how to trade? Follow me, let me take you through analysis bit by bit.
We continue to observe with the 4h chart.
Now, it is around 1920. Looking at the overall shape, its falling process is very similar to the previous rising process. It has undergone repeated shocks from 1930 to 1980, and now it has returned to below 1930. If it wants to rise higher (1950-1980), it must first break through the resistance of 1928-1937, but judging from the current shape, the probability of breaking through 1937 is not high.
Well, since it is unlikely to break through 1937, it means that it will fall again. Let's analyze the upward trend of 1800-2000.
When it is forming the bottom, completing a breakthrough, and rising rapidly, its backtests are 1885, 1908, 1935, 1951, and 1973. During the upward process, they are support, and once the trend turns downward, they will become resistance. .
Now, only the support of 1908 and 1885 still exists. If 1935 cannot be recovered, the next decline will be around these two points.
This is our next direction. If it falls below 1880-1850, it will return to 1800. At that time, there is a high probability that it will return to above 1900 and face new resistance.
If it fails to break through at that time, it will form a head and shoulders pattern, and this process may take more than 3 months. But if there is such a trend, please be sure to catch it, it will bring you very, very rich profits, and finally, please save this analysis chart!
I will start trading this strategy today!
Gold has ushered in a big opportunity, the target is 1920
This is a 4h chart. We can see that gold has reached 2070 twice in the past period of time, but both fell back quickly.
For the first time, it fell to around 1620, where it started an upward trend after a period of shocks. Until recently, it came to 2070 again. After a new high, the shock fell back, and it is now near 2020.
From 1620 to 2070, most of the reason for this is inflation. Although inflation still exists, compared to the past period of time, the economy has begun to recover slowly, and the intensity of interest rate hikes has also slowed down. I believe that in the near future, it will return to normal again, and the DXY will also be 105-109 again .
From the perspective of technical form, the increase of nearly $500, although it has some callbacks in the process of rising, it has not completed a very good backtest in the range of 1810-1910.
In the current daily and weekly patterns, the strength of the bulls has begun to decline. I think this is a precursor to the counterattack of the bears. They are only waiting for a suitable opportunity. The turning point may be when the NFP is announced next month.
This is a bold speculation, but it is not unfounded. In the next transaction, I will try my best to short at the high point, and the target is around 1920!
If you have enough funds to trade gold, or you have prepared enough funds to trade gold, I think, maybe you can try to seize this big opportunity like me! ! !
Share this point of view with my friends, I hope you can make more money and realize your dreams!
Gold buying needs to be cautious
Gold rushed higher and retreated, indicating that the upper resistance is effective. In the long run, gold has risen from 1892 to near 1983, up $90. So in terms of magnitude, the correction is also normal, even if we choose to go long, we may have to wait for the end of the sharp rise before looking for trading opportunities, gold is currently at a high level, which is not a good buy position
Personal Gold Trading Strategy:
XAUUSD:SELL@1980-1985 TP1970-1965
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XAUUSD: 17/7 Trading StrategyToday's gold analysis: Friday's multi-single strategy, after gold fell to the 1950 position, gave an opportunity to enter the market. Finally, take profit and leave the market at the 1959 position.
Today we need to pay attention to the support position of the 1940 position, while the above needs to pay attention to the breakout of the 1963 position. This wave of rebound and correction last week failed to close at a high level, and returned to the shock below 1960. There was a slight signal of stopping the decline, the upward trend could not be continued, and the short-term turned short again, which was also a correction due to the previous rapid rise. Last Friday, DXY also showed signs of stopping the decline, but the rebound was very small. The main idea for gold this week is to return to the previous sell high and buy low.
Back to the topic, since gold rose to the upper high of 1963 and the low of 1950 on Wednesday, it has been tested back and forth many times, but in the end all failed, and it has never been able to break through. This week is mostly about waiting for a breakthrough to go in a new direction.
Today's strategy:
BUY: 1945-1940
TP1: 1950
TP2: 1955
SELL: 1960-1965
TP1: 1955
TP2: 1950
Latest Golden Signals analysis
Gold short-term accelerated rebound on Monday, from the gold trend, gold prices may face the risk of pullback, the downside target looks around $1950, the upper is obviously suppressed by the 1960 moving average, without breaking above 1965, gold is unlikely to rise sharply for the time being.
Gold Trading Strategies Today:
XAUUSD:sell@1962-1965 tp1952-1945
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Gold 0713 Layout SchemeGold layout analysis: At present, gold is in a unilateral trend under the influence of CPI. This morning the price went up all the way up to the 1962 line. From the current trend down. The bulls undoubtedly succeeded in counterattacking and reoccupied the main battlefield. Then you don't have to think about anything else. We also need to change our thinking quickly. Just follow the trend and make orders. It is normal for gold to fall back in the current cycle, and the rate of increase yesterday has not been corrected. There must be a callback to correct the Asian-European market. At that time, we will seize the high and low points of the callback and enter the market.
Back to the topic, the trend of gold in the day is very strong, and it is undoubtedly to continue the long position if it continues like this. And now it has risen to around 1960 and fluctuated. For such a trend, follow the trend to operate. First look at 1968-1971 at the top and 1957~1953 at the bottom. The European and American market fell to the 1955~1950 line, so you can pay attention to the bulls.
SELL: 1968~1970
TP1: 1965
TP2: 1960
BUY: 1953~1955
TP1: 1960
TP2: 1965
GOLD: What happened last week?The US financial markets had a half-day of operation on Monday and were closed on Tuesday due to the Independence Day holiday. As a result, there was limited trading activity at the start of the week. However, the price of GOLD managed to increase slightly on Monday thanks to the lower-than-anticipated ISM Manufacturing PMI report for June.
XAUUSD: About today's CPI strategy within the dayYesterday, gold directly broke through the previous double top of 1935, which broke the previous standard shock range. Therefore, the trend of trading is a bit unclear, and the long and short positions are a bit difficult to ride. Although it has broken through 1935, there is no unilateral pattern, so it is difficult to be optimistic about a big rise, but it has already broken through 1935, and it is difficult to see a big drop, so shorting is also more difficult.
From the perspective of cycle technology, the daily line has risen slowly since last week, Lianyang has risen, and since it broke the 1935 double top, it has begun to stand firmly above the Bollinger middle track of the daily line cycle. Then, this wave of gold is on the track in the daily line The demand at the high point of 1955, therefore, try to do long-term long-term transactions in the near future, and short-term retracement. However, there is no clear unilateral state in the H4 cycle. At least for the time being, Bollinger has not opened his mouth. Therefore, there is still the possibility of falling back and oscillating. Then, the key within the day is to look at the size of the falling space. The lower support is at 1928, 1920. If the Asian-European market falls below 1928, gold will enter the shock cycle again
The U.S. market may use the CPI data to scan the market up and down, and the range is expected to be 1940/1912. If the Asian-European market does not fall below 1928, it can continue to increase on the support of 1928. Continue to look up and break the position. The U.S. market may use the CPI data to rush higher. Focus on 1940 and 1955 above. Therefore, the whole day market focuses on the gains and losses at 1928 points. For transactions before the intraday CPI data comes out, if gold slowly rises to around 1940, you can short-sell to see the room for a fall, and then combine the above-mentioned key points to see the gains and losses, and then decide whether to keep the short order.
Gold trading idea on H4 Sell Gold Now on the key level of 1960Very important points, if gold breaks the 1964 zone, then trend change and the structure of the market will be changed, and we will wait for the confirmation candles on H1, M30 to put a buy trade, but as per the behavior of the markets, the 1960–1964 zone is a strong Resistance zone, and markets have already tested and given respect to the level. Now wait for the sell confirmations.
Here is the below sell order setup, please follow the Money management.
Sell XAUUSD (Gold) 1960-1963
Entry Point: 1960-1963
Stop Loss: 1940
Take Profit: 1930
Take Profit: 1914
Take Profit: 1887
Gold trading idea based on supply and demand zone, follow proper setup keep eyes on fundamentals, this is short term trade set up on H4.
GOLD: US PPI eyedThe US Dollar Index (DXY) has remained steady at around 100.50 after a five-day decline. The United States Consumer Price Index (CPI) has softened, reducing concerns about a potential recession. The US Producer Price Index (PPI) data will be closely monitored on Thursday.
Regarding interest rate guidance, Commerzbank economists noted that inflationary pressures in the US are decreasing. In June, consumer prices increased by only 0.2% from the previous month. The core rate, which is a significant measure of the underlying trend and excludes energy and food, also increased by only 0.2%. This is the smallest increase since February 2021. Although the Fed is expected to raise interest rates at the end of the month, the data supports the idea that this will be the final hike.