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.
Goldpreis
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
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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.
GOLD CPI Prediction ( Positive/neutral effects of CPI )As we are on SELL from couple of weeks & the GOLD has hit its support area. Looking ahead to further bearish pressure seems not coming so our remarks on CPI is neutral & no high move out of trend GOLD will have.
Technically the GOLD is at its support & pull back to resistance is going to happen, we can expect fall from the resistance.
Gold short-term is still shortwww.tradingview.com
Gold, the bears made another effort yesterday and broke through the previous support line 20. This action also fully demonstrated the short-term short-term downward demand. The daily line continued to close at the negative line, and the moving average system was suppressed. This is a relatively obvious short-selling signal. Then in the short term, we still need to maintain a short-term thinking to operate, and the first target below is maintained around 1905-1900. Once it reaches this range, there is likely to be a wave of small corrections. But the strength should not be strong, and the current pressure on gold is to maintain the top-to-bottom conversion position. At the same time, yesterday's anti-drawing high around 1927 can also be used as a key reference position for the day. The range of retracement should not be very large, because if the range is too large, it is likely to lose the motivation to continue to fall. In the short term, we still wait for the shorts to retrace and continue to short sell:1922-1924 TP:1910-1905
GOLD:Trading strategy
Gold is still running under the bearish trend.
Gold broke its low yesterday, but it will not continue to fall easily today.
Because gold is waiting for news from the United States tomorrow, gold should fluctuate in the range today.
Gold trading advice today:
Gold:buy1918-1922 TP:1928-1932
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GOLD: DXY and CPI data!The Dollar Index (DXY) and US Yields helped keep Gold on the backfoot yesterday with Dollar strength continuing this morning. The US Dollar appears to be benefitting from a risk-off tone this morning following lackluster data from China as well as Moody’s downgrading a host of small to medium sized US Banks.
GOLD:Trading strategy
Gold 1928 is a key position, and it is very likely that there will be a bottom-up market.
Judging from the indicators, the downward momentum of MACD on the 1-hour chart began to weaken, and the golden fork of the 4-hour and 30-minute fast and slow lines, coupled with the oversold RSI indicator, all indicate that the market may experience a second rebound at any timeTrend.
Gold trading advice today:
Gold:buy1930-1935 TP:1942-1948
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GOLD NFP Effect will be Bearish?For all the fast weeks we were strictly on sell & assuming that it was the final bearish move but wait a minute as it did not ended yet. Today we have a NFP with a -1k forecast whereas my expectation of 200k Result on NFP which is highly positive. As based on my calculations on NFP i am believing a +ve NFP & in order to talk about its effect on GOLD then i can say the BEARISH IMPULSIVE move in GOLD today which will lead us back to lower as well as stronger support area.
Our targeted area is approx 1917 which looks strong & might gold pullback a little from there.
This is my view on NFP & about GOLD weakness.
GOLD Bull Rally face High Pressure from Bearish (ADP NFP Effect)I will explain in a common way as in the early morning we have seen a gap in the markets of BULLs getting in but the pressure from bearish is still so high that the bulls can't keep their rally going on.
Today we have a ADP non-farm payroll in which the given forecast is 16k & our expectations for the actual report in 300 - 400k approx which is highly effective.
In order to get a sharp entry we will let market react to the resistance area so that from 1960 we can get into sell for higher profit.
The areas as target will be given in my VIP.
GOLD/XAUUSD short Bounces in Bearish TrendThis pattern is technically analysed with the elite wave pattern in order to find the next possible sequence of the market. More importantly the GOLD is dependent on news & reports now so this week events/news will make it fall as my prediction, so keep an eye on news to gain the profit.
Analysis of gold trading next week
Last week, all the free signals provided to you are all profitable, if you have followed my team signals, you can also follow me to easily get profits, last brother trading day last week, gold rose to adjust to around 1960 oscillation, at the same time, gold's daily and weekly support levels are around 1945, tomorrow is also the last trading day of the month, first look at the strength of pressure around 1968, next week there are many important data releases, may continue this kind of large-level range shock, Here are two trading strategies for reference
Gold Trading Strategies:
xauusd:sell@1970-1975 tp1960-1955
xauusd:buy@1940-1945 tp1955-1960
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GOLD BUYHello, according to my analysis of the gold market. There is a great buying opportunity. With gold breaking the head and shoulders model. We also notice that the price is trying to break the strong resistance at the level of 1933. The downtrend is as shown in the image. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Gold Trading Idea major level markedVery important points, a short retest from 1962 to 1948 major level. 1948-1950 is buying zone If market give you the predications, rejections candle and confirmations candle then put buy from 1950 to 1948 with proper 50 pips stop loss and take profit will be up to 1962.
If gold breaks the 1948 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 1980–1983 zone is a strong Resistance zone, and markets have already tested and given respect to the level. Now wait for the sell confirmations.
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.
XAUUSD: 26/7 Gold Trading StrategyGold analysis: The strategy of 1965 short selling on Tuesday found an entry position at a nearby point, successfully made a profit, and the lowest fell to the 1952 line. Fans and friends who watched the strategy also entered the market around 1953-54. Earn a little profit. Judging from the trend of gold on Jinri, it fell first and then rose, and my old prediction is that the strength of the rise is not strong, and it has not broken through the 1970 position for a long time. After the U.S. market, gold has basically stabilized and oscillated repeatedly. The short-term resistance still focuses on the 1967 position. Only by breaking through and standing above 1970 can the bullish situation be reopened, otherwise it will still be dominated by shocks. Today is also the focus on the Fed's interest rate decision in the early morning, and the Asian-European market is expected to tend to fluctuate and slowly rise. Today is expected to be a trend of rising first and then falling. Just follow the old style at will, and sell high and buy low in the short term.
Back to the topic, under the current trend of gold, it has not yet broken through the range-bound shock trend, so in terms of operation, no matter whether we are long or short, we can treat the market trend as a range shock, sell high and buy low.
Today's trading strategy:
SELL: 1970~1973
TP1:1965
TP2:1960
BUY: 1955~1952
TP1: 1960
TP2: 1965
Time to sell gold again
Under the influence of non-agricultural data and cpi news. Gold continues to rise. At present, it has risen to the pressure position of the 1963 line. After two days of volatile market conditions. Right now I personally think the time to sell is right. Thus a sell order of thirty lots is traded. Stand firm and wait to land.
GOLD reaction to ECD & BOJAs Yesterday (Wednesday) the FED Increase the interest rate by .25 & nothing happened to gold.
Well ECB on Thursday and BOJ on Friday are the final one to react the market & the ECB is expected to rise interest rate by .25 percent too.
Gold may struggle in such a scenario as markets upgrade the probability of one more hike this year. If the FED continures in bringing positive options & the positive ecnonimic data from US then the gold will fall impulsively.
My positions are still of selling from the resistance area.
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.