Scenario GOLD levels update This view of gold actually somehow confirms that I should be on the good side of the market, outside of the original analysis, we could see a false breakout from which the price consolidated around the zone marked by me, which may show us a head-and-shoulders formation, which may be followed by a correction against this formation
Goldrush
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
Is Gold HH confirmed ? 4H analysisGold is trading at record high with no sign of bearishness expecting Gold to go Higher High . But we have very important fed minute ahead FOMC , If Fed cuts rate by more than 0.5% will see atleast 2621-2650 and further even 2700.
This idea is valid only if it not breaks 2600 Levels
If rate cuts by only 0.25% we will see some correction but its a buy on every dips market .
Please do check b=my monthly analysis as well.
Don't forget to hit like , if you like my idea.
Disclaimer : Trading involves a significant risk of loss and is not suitable for all investors , This idea is meant for education purpose only , do your own research before risking your account.
FRES STONG BUY IMMEDIATE MONEY TO BE MADEPrice action rising from recent low towards short term resistance at 100 fib retrace level, with 728 to be next meaning full resistance.
Price action supported by hidden bullish divergence, increased metal prices and a rising earnings profile.
Action will be swift don't wait too long to buy.
8.22 Gold Trend Operation AnalysisThrough the analysis of automatic trend lines and trend charts, we know that gold has rebounded from the 2499 line below in the early trading. It is still a little short of the first support level below. The short-term 2508 line has become the critical point between long and short positions. The short-term upper 2518 line is the first pressure level. In the short term, it will continue to fluctuate and consolidate in this 20 US dollar space. In terms of operation, we continue to focus on buying on dips with the idea of high-altitude and low-multiple.
Short gold at 2518, stop loss at 2526, take profit at 2500;
Long gold at 2498, stop loss at 2490, take profit at 2513.
What are your different views on gold? Welcome to like and comment
8.21 Gold Trend Operation Analysis Short-termIn terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak.
Short-term operation points
2515 short, take profit 2505, stop loss 2522
2505 long, take profit 2520, stop loss 2500
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future
Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday
The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish
In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting
Support level 2515 2510 2500
Resistance level 2525 2535 2550
Gold roller coaster marketOscillating trend, long positions take profits!
The US data has mixed impacts on both long and short positions. The US retail sales data for July was impressive, triggering a series of market fluctuations.
Personal operation analysis:
Support level: 2445 2435 2425
Resistance level: 2470 2477 2490
The above data can be used for reference. Comments are welcome
8.15 Can the gold trend reach a new high?My personal outlook for gold in the future is that the price is expected to rise to a new high. The US dollar and earnings will continue to fall
But there may be deviations in the short term! You can also consider shorting at high levels!
With the positive CPI data released yesterday, gold should have created a new high, but it quickly fell back, causing gold to fall by 1.5%. This also allowed us to quickly seize the opportunity for short-term trading and quickly exit with profits!
I personally suspect that the situation last night was that big investors were using data to ship goods. They sold heavily when traders entered the market yesterday, causing gold to fall rapidly!
As for the data released tonight, retail sales, industrial production, and the number of people applying for unemployment benefits in August are important data for whether gold can stand on a new high, which will be a new trading opportunity!
If it is weaker than expected, the US dollar will continue to fall, while gold will rise all the way
At the same time, we will also make preparations for both situations
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly.
The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people!
This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly.
Today's profit is 7000+
Analysis of gold market trend on August 14The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher
In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today
If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points
Before the release of this data, what do you think of gold?
Everyone is welcome to actively express your views
Gold Trend AnalysisContinuing the plunge in stock markets on Monday, gold also headed for a low. The reason is that the market's expectations for the Fed to cut interest rates by 50 basis points in September have declined. The yield on the 10-year U.S. Treasury bond has risen to 3.94%. These two pieces of information have undoubtedly greatly weakened traders' confidence in entering the market. However, as a traditional safe-haven asset, gold has performed well amid geopolitical tensions and concerns about a global recession. Continued tensions in the Middle East and concerns about the outlook for the global economy have provided support for gold. At the same time, data from the People's Bank of China showed that gold reserves at the end of July were the same as the previous month, showing the central bank's stable demand for gold. Support level 2430 2450 Resistance level 2395 2385 2370 What do you think of the trend of gold? Welcome everyone to follow and comment
The GOLD market is generally on the rise8.6 Gold Analysis
8.5 Gold fluctuated and fluctuated, with an overall decline of more than 0.74%
From the daily chart, gold is still on an upward trend. Coupled with the interest rate cut in September and geopolitical tensions, gold still has a lot of room for overall growth in the later period
Which way will gold trend before the release of non-farm payrollMarket analysis:
Yesterday, the gold market opened at 2448 in the morning, and then the market rose to a high of 2458.3, and then fell. The daily line reached a low of 2430.1, and then the market started to rise. The daily line reached a high of 2462. during the US trading period, and then the market fell back in the late trading. The daily line finally closed at 2446.3, and the daily line closed with a long-legged cross star pattern with equal upper and lower shadows. After this pattern ended, the daily line market was close to the upper Bollinger rail pressure, and whether it could go up further depends on the evening non-agricultural guidance. In terms of points, the long positions of 1996 and 2028 below, the stop loss is followed at 2250, and the long positions of 2434 and 2431 yesterday were reduced and the stop loss was followed at 2431.
With the upcoming release of non-agricultural data and the possibility of a full-scale conflict in the Middle East, and the corresponding explanation of the Fed Chairman on the September rate cut, I believe that everyone has a basic judgment on the trend of gold.
My personal analysis is that gold will reach a historical high
If you have other ideas about this point of view, please like it and write your ideas in the comment area
The trend of gold has clearly shown a gradual upward trend
Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge.
In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment.
In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good.
Upward 2388-2402
Backward 2390-2380
The above is purely personal opinion.
Middle East conflict breaks out againGold prices rose to around $2,425 an ounce as tensions in the Middle East stimulated safe-haven buying. Previously, spot gold rose sharply by US$27.09, or 1.14%. The Public Relations Department of Iran's Islamic Revolutionary Guard Corps announced in a statement on July 31 that Hamas Politburo leader Ismail Haniyeh and a bodyguard were attacked and killed in Tehran, the capital of Iran. On the evening of July 30, local time, an Israeli drone attacked a Hezbollah target in the southern suburbs of Beirut, the capital of Lebanon . Reuters reported that the Israeli military claimed it killed top Hezbollah commander Shoukair in an air strike in Beirut on Tuesday in retaliation for a cross-border rocket attack three days earlier. The above information may further expand the international market.
Can the gold bull boom lastToday, Monday morning, gold opened 2388 line, the opening fell back a wave of 2387 ushered in a stop, then the bulls opened up the outbreak broke 2390-2400, the highest to 2403 ushered in a stop near 2394, then also fell a wave of 2394, so for this, you must also be surprised, Like this opening of the explosive situation, there is only one possibility, that is caused by smashing, but why gold in the early morning hit pull up it, this is mainly the stimulus of the news, then for the double break, the Middle East and then fire, this is a big, is also the main reason for the bull hit pull up, of course, the gold itself is in trouble this week, In this case, gold also suffers from a below-risk stimulus, and gold is also adding another element of surprise, which, for this week, you need to be careful about. Of course, for the double break period Chen Feng I updated my blog said, the beginning of the gold week to see the rebound, for this morning, to tell the truth, even if there is no geopolitical risk impact, we are also bullish on gold, this point, at present, just say that because these factors accelerated the rise of gold, this point, you also need to be cautious.
Then again, after the outbreak of gold bulls fell back, in this case, how should we choose to be long and short? First of all, you can review my double break blog for reference to understand, for this week, before Friday, I am inclined to believe that bulls have a further outbreak of higher, for no other reason, interest rate cuts in the way, unless there is a major limit to the data explosion, or the Federal Reserve internal position on it, otherwise the current market heat for interest rate cuts, In addition, gold 2353 ushered in a stage of bottling out, bulls are having a further outbreak of strength, and, although the market is expected to implement interest rate cuts in September, but you know, there are radical interest rate cuts inside the Federal Reserve, which does not rule out the possibility of sudden interest rate cuts in this week's interest rate minutes resolution, in this case, The market's pursuit of its bulls will also be around the gold long and short balance, in this regard, the bulls are currently under the influence of this multiple positive, but also have further climbing momentum, this, you also need to be cautious about it.
But to be honest, for the moment, although gold bulls have high momentum, but you don't forget, the market is variable, and because this morning's bull climb broke, which is relatively further inspired the market for bulls after, in this case, market institutions are undoubtedly also covetously, for today, gold in the rebound process, It does not rule out the possibility of institutional interception, you know, the current bullish heat of the market is high, which is not a little bit of a signal to do more, in this case, wash the long plate, and then on its empty reversal, long and short double kill, almost perfect, for this week, you also need to be cautious. Of course, this does not rule out the possibility that the institution will allow it to go higher, which, for the moment, you need to adapt to it.
So for today, Monday, early in the morning, gold has ushered in such a large news surface to stimulate volatility, although gold in the rise of 2403 ushered in a lower, but the lowest fell a wave of 2394 near to usher in a stop, for today, the operation, from the technical perspective, it is still feasible to do more, so for the moment, You can first stick to 2390 not break to do more, above attention 2410-2414 this position does not break the backhand, such as encounter 2390-2387, you are the trend to short wait for 2380-2370 not to break again to consider doing more. Of course, due to the market this week ushered in a heavy information surface stimulus, in this regard, you need to be cautious about the operation, then the specific details of the operation, I offer to do again, you remember to strictly follow my requirements to control positions and stop losses can follow up.
Gold prices remain bullish. Available to buy now
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue.
Today’s trading target remains at 2186-2190. Mainly buy low.
Radical friends can do so at a location near 2177.
Friends who don’t want to take risks can proceed below 2175
Control risk when trading.
Gold prices will return to highs again. Buy gold nowLast night, the price of gold broke through a new high again, reaching the 2287 line. As expected last night. Then it continued to fluctuate until the European market opened because prices were on the higher side. Gold made a technical repair after the start of the European session. The price of gold plummeted by about $20 from 2287. The current price is 2268.
News: Risk aversion caused by the war in Gaza continues to ferment. Short-term bulls are still strong. gold. Dollar. as a hedging product. They all continue to attack.
Trend: Overall, buying at low prices is still the main trend. It is not difficult to see from the above picture that the short-term repair is only for a day. The general cyclical trend is still upward. From an hourly perspective, the current support position for technical repair is located at the 2259-2264 line. Combined with MA technical indicators, there is a certain pressure for long-short conversion at 2270. Once the 2270 position is established, it will inevitably rebound within the day.
During the day, buying is still the main focus. Today we focus on the impact of the announcement of ADP news. On Friday, we need to focus on the release of (U.S. non-farm payrolls after seasonally adjusted March).
trade:
Gold price is at 2263-2268 to buy
tp2283-2287
SL2254
Pay attention to controlling risks and positions during operation. Stay concerned.