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Goldpreis

It caused gold to drop by $100!!!Due to the release of the February non-farm payroll data, gold fell nearly $100. This month, we will soon face the baptism of another major non-farm payroll data, which is a great opportunity for gold traders. As long as we grasp the trend correctly, the profit from a single trade can be considerable. This data will be released on March 10th. As of the close on March 3, gold has broken through the resistance level of $1850, and the next resistance level of $1860 is within sight. Therefore, in next week's trading, I will continue to go long on gold until the trend changes. I have also prepared myself for the release of the non-farm payroll data, and I believe the results will be very friendly. Let's wait and see. Here, I will explain how non-farm payroll data affects the price of gold: The number of non-farm payroll employees is the main indicator of the US employment market, and its impact on gold is significant. Generally, if the non-farm payroll employment number is higher than expected, it means that the US employment and economy are improving, which is good for the US dollar but likely to cause gold to fall. Conversely, if the employment number is lower than expected, it means that the US employment and economy are declining, which is bad for the US dollar but likely to cause gold to rise. Of course, this is not entirely certain , as unexpected situations may arise. For example, sometimes the market may move in the opposite direction to the data, where the released data is better than the previous value (i.e. bullish data), but gold prices fall. Conversely, sometimes the data is bearish, yet gold prices rise. There are many reasons for this, such as the difference between the released data and the forecast being too small to make a significant impact, the market having already priced in the information before the data release, or other events occurring simultaneously that have a greater impact on the market. Therefore, when trading, we must pay attention to these aspects of influence and not rely solely on the positive or negative aspects of the data to decide whether to go long or short. I have prepared myself for trading non-farm payroll data, so follow me and let's maximize our profits together!
FXOPEN:XAUUSDLong
by triumphing
1
Gold 1830 is more direct, the US market is bullish The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend Do it when the trend comes, don't go against it Gold is more than 1830, stop loss 1822, target 1845-1850 I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more OANDA:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
Opportunity to buy (XauUSD) on February 23, 2023Gold price is under pressure by some 0.3% on the day and remains in the hands o the bears following the first Federal Open Market Committee Minutes of 2023. The minutes were released whereby investors have been searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps hikes. The minutes showed that a few participants had favoured raising rates by 50 basis points which has put a bid in the US Dollar but left the US Treasury Yield relatively stable. This has left the Gold price somewhat pressured around the low of the day near $1,825.54 after the yellow metal fell from a high of 41,846.05 earlier in the day. Support level: 1,811,30 1,797.45 Resistance levels: 1,838.90 1,854,00 1,870.50 Transaction recommendation: Buy at the price area 1823 1824 Stop Loss: 1820 Take Profit 1: 1830 Take Profit 2: 1835 Take Profit 3: 1840 Sell at 1861 1859 Stop Loss 1863 Take Profit 1: 1854 Take Profit 2: 1847 Take Profit 3: 1840 Note: Always install TP and SL in all transactions
TVC:GOLDLong
by DNAchampions
The value of gold appears to be trending towards $2500The gold market appears to have entered the initial stage of a new, major impulsive wave, identified as the third in a sequence of such patterns. This cyclical trend can be traced back to 1832, with the completion of the first wave in 1980. The corrective wave 2 concluded in 1999, and the first impulsive wave of the current third wave began in 2001. In my analysis, it can be considered as the third impulsive wave in a larger impulsive wave 3 within another impulsive wave 3 of a higher degree. Fibonacci resistance levels of note include: — $2075 — $2553 — $3412 — $4642 — $4791 — $5953 — $7635 — $10682
TVC:GOLDLong
by joerivdpol
8