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Grasping the golden rhythm of short selling means making moneyDear friends, gold reached a record high of 2222 after the interest rate decision last week. However, as the U.S. dollar index rose again, gold fell off a cliff. Gold is currently trading at 2165. Judging from the candlestick chart, although gold touched a high of 2222, we can see that the entity closed below 2195 on the daily chart, so this is obviously a sweep. Then there is no reason for gold to reach a new high, and it is even difficult to break through the 2195 position. Then gold will continue to adjust downwards, but judging from the current strength of its decline, gold will still continue its shock-like decline, so we need to wait until the right position to short gold. Gold is currently trading at 2165. You certainly cannot short gold directly at this position. We first focus on the 2175-2180 resistance area above. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by Trader_Manuel
Gold Trading Analysis Strategy What needs special attention this week is that the price of gold will rise in the short term, and various news will also affect the trend of gold prices. In early trading in the Asian market on Monday, spot gold suddenly rose sharply in the short term. The price of gold just exceeded US$2,176 per ounce, rising by more than US$11 during the day. The latest geopolitical tensions have spurred rising risk aversion in the market, which has driven gold prices higher. Therefore, it is particularly important to accurately judge the influence of the message and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. In my trading last week, all predictions were perfectly verified, and the rhythm of rise and fall was also perfectly controlled. Therefore, this also brings better profits to my VIP customers. Therefore, my suggestion is that if the gold price does not touch the $2,180 position line, you can wait and see. If the gold price breaks through $2,180, you can go short at the right trading time. If you also want to get detailed trading signals in your trading And if you get satisfactory profits or encounter some problems during the transaction, you can contact me. I hope that with my help, you can also earn a lot of income!
OANDA:XAUUSDShort
by Gold_Digger_King
GOLD-Today is very important The current trend of the daily MACD fast and slow lines is downward, coupled with the correction after the RSI overbought divergence, are all signals for short-term adjustment. However, only if it falls below the starting point of the 2156 interest rate decision, it will be considered a complete downward trend. The trend line The support is at 2162, so the support range is judged to be 2156-2162 Today's trend is particularly critical. The large range is now 2156-2185 and the small range is 2162-2180. You can sell high and buy low within this range and control your position reasonably. Because today is Friday, you can also continue to observe and wait. Once the trend is obvious, follow the trend and trade next week, so that the success rate of the transaction will be higher. Follow my strategies to make your transactions simpler. Join me and move towards financial freedom together.
FX:XAUUSD
by UnknownUnicorn68604160
Gold price continues to adjust !! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is facing difficulties in taking advantage of the rebound it experienced from the support level of the 100-hour Simple Moving Average (SMA) around the $2,166-2,165 range. Instead, it is declining during the Asian session on Friday. Despite the Federal Reserve's (Fed) policy update on Wednesday, investors are shifting their focus away from it as the US Dollar (USD) has shown a strong comeback due to optimism surrounding the growth of the US economy. This, coupled with the higher yields of US Treasury bonds and the prevailing risk-on sentiment, are the main factors causing downward pressure on the safe-haven precious metal. ⭐️ Personal comments NOVA: Gold price after creating a new peak at $2222, decreased immediately then returned to the $2170 area. Currently, economic data is still supporting the dollar Information, FED keeping interest rates unchanged and world political tensions are still the driving force for Gold prices to increase in the near future. The DOWN correction is likely to continue today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2147 - $2145 SL $2140 TP1: $2155 TP2: $2162 TP3: $2170 🔥SELL GOLD zone: $2193 - $2195 SL $2200 TP1: $2185 TP2: $2170 TP3: $2160 🔥SELL GOLD zone: $2188 - $2186 SL $2191 scalping TP1: $2184 TP2: $2180 TP3: $2170 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11
Gold Daily Losing Embedded Status - Retracement Coming!Gold: Daily, Fib & Indicators . . . We hit the high a week ago, corresponding to our objective from the Daily Fib Long in October 23. Now, we are lining up for a daily retracement of that move from October 23 to our highs. We could spend the next2-3 months heading down to the bull fibs, between 1968.76 and 2066.42. The daily chart, even with the Asian breakout to highs, has lost it's slow stochastic "embedded" status, meaning that further weakness, especially a close below 2155, would bring Bollinger Band support at 2131 into play. Losing that level would mean a trip to the lower Bollinger Band, currently within our Fib area at 2017. I will lean towards selling spikes, so long as we don't break into new highs. And, on weakness, I would lean against the 2155, 2130 levels as breaking those would mean a deeper correction.
OANDA:XAUUSDShort
by CeresTrader
Golds out look for next week. On Friday, we observed a descent to the 4-hour demand zone, concluding with a precise closure at 2156, followed by a bullish surge in the final four hours. This entry point aligns with our anticipation of reaching all-time highs, driven by the bullish flag pattern identified earlier. Beneath this demand zone lies a critical support level, tested four times, displaying robustness alongside a closely tracked trend line. Absent a break and retest of both, there's no compelling reason to consider selling. Considering the bullish long-term outlook for gold amidst geopolitical tensions and a weakening dollar, downside prospects appear limited for now. Continuing our buying strategy, our focus remains on gold surpassing its pivot point at 2177, then targeting resistance levels between 2180 and 2185. Friday's attainment of 2180 resulted in a 200-pip descent to our demand zone, presenting an opportune bounce area for scalping. A breakout beyond this level, followed by a retest, signals a robust buy opportunity towards the subsequent resistance at 2200. To confirm a bearish sentiment, we await the breach of the trend line, coupled with a break below the 2152.45 support level, followed by a retest, before considering sales.
TVC:GOLDLong
by samstoobad
1
Gold's 9-game winning streak: Don't chase short gold easilyDear friends, gold fell back after rising high during the day. Gold continued to fall during the U.S. trading session. At present, gold fell back to the lowest position near 2166. The gold trading orders that we gradually shorted in batches all left the market with profits near the 2170 position, continuing our 9-game winning streak for gold! According to the current trend of continuous decline on the 4-hour level chart, after the candlestick chart broke through the short-term moving average, the short-term trend also began to weaken. However, the current hourly deviation rate is slightly too large, and the price has touched near the early support band. In the short term, there may not be much room for continued decline in gold trends. The technical form of the small-level cyclical trend has also begun to gradually adjust and complete the repair. In the short term, I may be more inclined to see gold rebound and repair. Therefore, according to the current trend pattern, we should not easily chase short gold for the time being. If opportunities permit, we may be able to participate in short-term long gold transactions. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDLong
by Trader_Manuel
Gold god strikes again. Let's take a moment to review this flawless execution AGAIN!!!. We identified the bullish flag pattern prior to reaching all-time highs, offering an ideal entry point. Yesterday's push following the Fed meeting was just what we needed. Currently, gold's all-time high stands at 2220. Today, we witnessed a retracement to the key support level we anticipated yesterday, hitting 2167 as predicted. With a clean break of 2185, our next resistance target is 2200. Gold's journey is far from over; 2220, we'll be seeing you soon.
TVC:GOLDLong
by samstoobad
Gold latest technical analysis In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and is currently trading around US$2,200, rising by more than US$20 during the day. Spot gold is trading at $2,200 an ounce. Looking at the daily chart of gold, gold prices have confirmed the formation of a bullish flag, with the relative strength index (RSI) once again overbought. The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome Powell said at a subsequent press conference that he believed interest rates may be at a cyclical peak and that it would be appropriate to start cutting interest rates at some point this year. Affected by the dovish stance of the Federal Reserve, the U.S. dollar suffered a sell-off on Wednesday, with spot gold closing at $28.96, or 1.34%, at $2,186.06 per ounce. The price of gold rose further in early trading in Asia on Thursday, reaching a maximum of $2,222.90 per ounce, setting a new all-time high. As shown on the daily chart of gold, gold prices confirmed the formation of a bullish flag after closing above the downtrend line resistance at $2,161 an ounce on Wednesday. If gold buyers regain confidence, the next bullish price target is expected to be a record high of $2,223 an ounce, followed by a psychological level of $2,250 an ounce. If the daily closing price of gold is below the $2,200/ounce mark, the high of $2,189/ounce will be tested. Once gold prices fall below $2,189 per ounce, this will trigger a new downward trend in gold prices and fall towards Monday's low of $2,146 per ounce. My suggestion is to go short at high prices at the right time Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold hits record highs, how to trade it? The two big positive lines on the golden four-hour line directly lifted the roof, breaking out of the historic resistance line of 2195, heading north. The K line also started to exert force from below the moving average, and passed all the way. The moving average moved downwards and the pause button was pressed. Now, the current strong trend has been reversed upward. The big positive line is stepping on the moving average to pull up, and the support level continues to move upward. The K line is not capped at the moment, which is inevitable. Trading strategy: Gold can be long near 2180
TVC:GOLDLong
by Donald-king
XAUUSD: 19/3 Gold awaits triangle breakoutGold prices edged higher in quiet trading on Tuesday as investors braced for monetary policy decisions from major central banks. While the Bank of Japan (BoJ), Bank of England (BoE) and the Federal Reserve (Fed) will announce their decisions, the focus will be on the Fed. The Fed's hawkish bias could push gold prices higher as market participants anticipate less likelihood of a rate cut. Data showed that U.S. consumer prices grew steadily in February and producer prices rose more than expected, indicating that inflation is somewhat sticky. Gold prices fell by about 1% last week. Although gold has traditionally been considered an inflation hedge, raising interest rates to curb price increases has discouraged investment in gold because it does not pay interest. Gold prices were still supported by speculation that the Federal Reserve would begin easing monetary policy earlier than expected. However, gold prices plunged nearly 1% last week as an unexpected acceleration in U.S. consumer and producer inflation spurred a surge in U.S. Treasury yields. As a result, the U.S. dollar gained over 0.69% last week while gold fell, according to the U.S. Dollar Index. Gold technical analysis Daily resistance is 2177, support below is 2124 Four-hour resistance is 2168, support below is 2158-24 ✅Gold operation suggestions: Yesterday, the overall technical aspect of gold fell first and then rose, ushering in a deep V rebound. The Asian and European prices suppressed the shock below 2157 and fell back to break the bottom. Then they retreated further downwards and penetrated the 2150 mark to reach around 2146 and fell into sideways shocks. The European and American prices The price of gold stabilized and rebounded, returning to a strong and volatile close above 2160. The daily K-line closed slightly higher. The overall price showed a short-term support and stabilization form at the 2146 mark. However, the price above was still suppressed and fluctuated below the daily starting and falling point of 2172 last Friday. The short-term price there is a high probability that it will continue to run up and down repeatedly within the range. Today, the lower four-hour and daily support will focus on around 2150/2124, and the upper pressure will focus on 2168-77. Wait for the Fed’s interest rate decision with peace of mind, and trade with caution! SELL:near 2170 SELL:near 2160 BUY:near2124 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
2
20/3 gold market analysis, waiting for news releaseGold fluctuated within a narrow range on Wednesday and is currently trading around $2,154. Gold prices fell slightly on Tuesday, with spot gold closing down 0.13% at $2,157.40. The intraday low hit $2,147.03, as U.S. single-family housing starts rebounded sharply in February, hitting the highest level in nearly two years, and the dollar strengthened. Markets are focused on signals from the Federal Reserve on its interest rate stance at the end of its two-day policy meeting. Gold prices hit a record high of $2,195 on March 8, but fell nearly 1% last week after higher-than-expected U.S. consumer and producer price inflation in February reduced hopes for an early interest rate cut by the Federal Reserve. Because inflation may remain high and difficult to reduce. While the Fed is widely expected to keep interest rates unchanged on Wednesday, markets are awaiting comments from Fed Chairman Jerome Powell after the meeting to learn the Fed's latest interest rate expectations. Non-yielding metals remained subdued as traders awaited a decision from the Federal Reserve. In addition to issuing a monetary policy statement, policymakers are expected to update their forecasts for the U.S. economy. Growing concerns that the Federal Reserve will lower the federal funds rate (FFR) are making traders nervous. While the Fed is widely expected to keep interest rates steady on Wednesday, markets are awaiting subsequent comments from Fed Chairman Jerome Powell on his latest interest rate outlook. Today's U.S. interest rate decision will break gold's multi-day shock range. Gold technical analysis Daily resistance is 2177, support below is 2124 Four-hour resistance is 2168, support below is 2158-2124 So, don’t be impulsive today, many people’s accounts will be completely burned
OANDA:XAUUSD
by ActuaryJ