WTI To 78.9$WTI oil is opening with green gap this week, Probably it’s going to go down to 78.9$ level this week testing this level. Therefore we will wait to test this level then take another look at chart.
Goldtrade
BIG Potential Long For Gold/ XAUUSD This Week !Weekly Candle has bounced off the weekly support area.
Daily candle closed bullish engulfing after Fridays Non Farm Payroll numbers were released. This supports a bullish bias going into the new week. We can expect a continuation to 1850 and 1862 in the next couple days.
15 Minute chart has taken sellside and then given us a market structure shift as annotated. The market structure shift has caused displacement and left behind an FVG which was then tapped into on Friday post NFP.
We have a new untapped fair value gap which resides below the equal lows on the 15 minute chart. This is likely the next draw on liquidity before the next move to the upside. I'd like to see price sweep the lows and then run for the breakout of the m15 bullish flag that is currently forming. A breakout will be the confirmed entry in to the run for 1850 and 1862 which is the next H4 FVG / imbalance area.
Hope you guys catch this great opportunity with me.
Shakeel_SS.FX
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
gold on right position we expected some long position in short term on monday and then bear make decision to the next low or stop this trend...
Buy Trap
The charts are pretty explanatory.
Price has formed Triple Tops
Price is on a Supply Zone.
I wouldn't advise buying until Price breaks above the supply zone
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Gold To 1885$ Next Week !!!Gold is going green next week to 1885$ level this week.
Watch the picture which describes possible price movement for next week.
Good luck
XAUUSD: Weekly earnings summary
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend!
If you are confused about trading, please join me, I believe you will have a great harvest!
🌟 Discover the Golden Opportunity as Global Risks Build! 🌟
As we navigate through uncertain times, it's crucial to consider the potential impact of global risks on our investment strategies. Gold, often regarded as a safe haven, has been attracting significant attention lately. With rising concerns about inflation, geopolitical tensions, and market volatility, gold has emerged as a compelling asset to explore.
Why should you consider gold as a part of your portfolio? Allow me to shed some light:
1. Hedge Against Inflation: As governments around the world continue to implement expansive monetary policies, inflationary pressures are mounting. Gold has historically served as a hedge against inflation, preserving wealth during times of economic uncertainty.
2. Geopolitical Turbulence: Global events, such as political conflicts, trade disputes, and economic crises, can have a profound impact on financial markets. Gold's value tends to rise during such turbulent times, making it an attractive option for traders seeking stability.
3. Diversification Benefits: Adding gold to your investment mix can enhance portfolio diversification, reducing overall risk. Its low correlation with other traditional assets can help mitigate losses during market downturns.
Now, let's talk about the call-to-action that will help you make the most of this golden opportunity. I encourage you to consider "longing gold cautiously" as part of your trading strategy. Here are a few tips to keep in mind:
1. Research and Analysis: Conduct thorough research and stay updated on global economic indicators, geopolitical events, and market sentiment. This will help you make informed decisions when entering or exiting gold positions.
2. Risk Management: While gold can be an attractive investment, it's important to exercise caution and manage your risk exposure. Set clear stop-loss levels and consider diversifying your gold investments across different forms, such as physical gold, gold ETFs, or gold mining stocks.
3. Consult with Experts: Seek guidance from experienced professionals or financial advisors who specialize in gold investments. Their expertise can provide valuable insights and help you navigate the complexities of the market.
Remember, trading is both an art and a science, and embracing gold as part of your strategy requires careful consideration. By approaching it with a cautious mindset and a happy tone, you can unlock the potential benefits it offers.
So, seize this golden opportunity and embark on a journey that combines excitement with prudence. As always, happy trading!
Trading strategies that are sure to make moneyToday is the day we have been waiting for because the non-farm payroll data was released today. We traded gold on the NFP market and made good profits.
This morning, I gave you two ideas, one is to short gold in the 1830-1835 area; the other is to go long gold in the 1805-1800 area, but after the non-agricultural data was negative for gold,gold did not fall to the 1805-1800 area where I expected. Gold stopped falling above 1810 and formed long lower shadows many times, and the rate of decline slowed down.So I promptly adjusted my trading strategy and informed everyone to go long gold around 1812-1810. After gold stabilized and rebounded, I promptly informed everyone that they could appropriately add positions in the 1818-1816 area and continue to go long gold. Both transactions have now reached my expected profit targets, and we have made relatively good profits.
Regarding how to trade gold next, I think the 1810-1805 area may be the bottom area of this round of gold decline. After gold reaches a bottom in this area, it may start a rebound at any time. Because with the release of non-agricultural data, the main negative factors have disappeared, so we will focus on long gold at low levels; of course, because gold has fallen significantly, gold cannot rebound immediately.Therefore, we cannot rule out the possibility of gold hitting the bottom again. Therefore, in the next transaction, we must find the correct position so that we can gain better profits in the transaction.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
GOLD ( XAUUSD ) Long Term Selling Trading IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
NFP on table, whats next??#GOLD.... market still in range from last 4 days and now the day is come that will make or break the range.
we have upside only 1833 34 that will be today very important resistance area.
if market it then a drop expected. otherwise not
keep close 1815 and 1832 33
trade wisely
good luck
GOLD Price Awaits US NFP Data Amidst Dollar ConsolidationGold Price Awaits US NFP Data Amidst Dollar Consolidation
Gold prices are showing signs of stabilization after two consecutive days of correction from an 11-month high. The recent consolidation of the United States Dollar (USD) has provided some respite to the precious metal, which had experienced downward pressure. However, the fate of gold remains uncertain as investors eagerly await the release of the US Nonfarm Payrolls (NFP) data, a crucial indicator that could shape the direction of both the USD and gold in the near term.
Gold Price Recap
Gold price (XAU/USD) is currently hovering around the $1,820 mark after bouncing back from a weekly low of $1,813 during the early Asian trading session on Friday. The precious metal is grappling with headwinds as the Federal Reserve (Fed) is expected to maintain its 'higher-for-longer' stance on interest rates. Market participants are looking to the highly-anticipated US Nonfarm Payrolls report for clarity on the state of the labor market.
Market Dynamics
The subdued tone surrounding the US Dollar can be attributed to a moderately optimistic sentiment in the Asian session, despite mixed developments in the Chinese property market. Nevertheless, the precious metal remains under pressure as higher US Treasury yields weigh on non-yielding assets like gold.
The US Dollar Index (DXY) has retreated to 106.40 after pulling back from monthly highs. US Treasury yields have also eased, with the 10-year Treasury yield dropping to 4.73%, while the 2-year yield remains at 5.02%.
Key Data and Market Focus
The US Initial Jobless Claims for the week ending on September 30 improved to 207,000 from the previous reading of 205,000, surpassing market expectations of 210,000. Furthermore, the US Balance of Trade deficit was $58.3 billion, lower than the anticipated $62.3 billion and the $64.7 billion recorded in July.
The US employment data set to be released on Friday will be the focal point for traders. Nonfarm Payrolls are expected to rise by 170,000, a decrease from the 180,000 additions reported in August. The Unemployment Rate is estimated to drop slightly from 3.8% to 3.7% in September, while Average Hourly Earnings are likely to rise by 4.3% year-on-year, consistent with the previous figure.
The outlook for Gold
Gold traders are closely monitoring the US Average Hourly Earnings data for September, the Nonfarm Payrolls report, and the Unemployment Rate. These data releases have the potential to induce market volatility and guide trading decisions. Depending on the outcome of the NFP report, gold prices may either make a push toward $1,850 and beyond in the event of a weak report or face headwinds if the data suggests the Fed could pursue another rate hike by year-end.
In Conclusion
Gold prices are stabilizing as the US Dollar consolidates, but the impending US Nonfarm Payrolls data release remains a significant driver of market sentiment. Investors are poised for potential market movements following the NFP release, with the direction of both the USD and gold hanging in the balance.
Our preference
Below 1851.000 look for further downside with 1805.00 & 1790.00 as targets.
XAUUSD:3/10 Today’s Trading StrategyGold prices fell to their lowest settlement price since March on Monday and are heading toward a so-called "death cross," which could lead to further falls.
In early Asian trading on Tuesday, spot gold continued its decline, with the price once hitting a nearly seven-month low of $1,815. However, fundamentally, “interest rates and the Fed’s hawkish stance are still the theme of this game and the market’s focus in the coming weeks. The main driving force”. The last time gold prices fell this low was more than six months ago, when a regional U.S. banking crisis triggered an influx of buyers. “Then, as now, pressure on gold prices came from rising U.S. government bond yields and an assessment of expectations for higher long-term interest rates.
Judging from the current daily structure, all important positions that could provide technical support in the past have been broken. It seems that the decline has lost its support basis. Gold bulls have been completely passive. Even if the US dollar index appears to be under pressure, it will not be helpful to gold bulls. Therefore, when gold can stop falling and rebound in the future, and when bulls can exert force, it may require the influence of fundamentals. Without the support of positive fundamental factors, even if gold stops falling and rebounds, its strength and space may not be able to eliminate the extreme emotional pressure of short sellers. Therefore, for the future trend of gold, we need to pay close attention to changes in fundamental factors and market sentiment.
Judging from the daily analysis, the gold moving average continues to cross downwards, and the short trend is still obvious. Gold has been falling all day without any rebound. It is difficult to say when this trend will bottom out. It can only be said that it continues to be short with the trend. Gold rebounded slightly to 1840 and then fell back. This shows that gold 1840 still has great resistance. Overall The technical pattern is very clear for short positions. Any rebound is a short-selling opportunity. Keep trading with the trend.
Taken together, today's gold operation idea is to focus on short selling on rebounds. If you go long on callbacks, you can only make about 5 US dollars before leaving the market.
SELL:1828~1830
SL:1835
TP1:1821
TP2:1816
TP3:1805
BUY:1805~1808
SL:1800
TP:1815
XAUUSD:4/10 Today’s Trading StrategyYesterday, the technical side of gold rose first and then fell. The Asian market quickly fell back and fell to near the 1815 mark, which ushered in a shock rebound. It rebounded further in the afternoon and went up to above 1825, falling into sideways consolidation. Later, the U.S. market accelerated slightly and surged above 1833, falling back and closing with shock. , the daily K-line closing suppressed the volatile negative line, and the overall price continued to be under pressure at the 1833 mark to continue the weak short position. The current weak short position line focuses on the opening of the US market yesterday at 1833, and the daily line level failed to break through and stand above this position to continue to maintain To suppress the short position, today's counter-draw continues to rely on the 1830-1833 area to be mainly bearish and then to see the decline. The lower target level is still focused on breaking the bottom. The upper part of the overall shape continues to maintain the suppressing short position unchanged. The counter-draw continues to be mainly bearish. Below 1833, the counter trend is long. You need to be cautious and continue to participate in transactions with the trend;
Judging from the one-hour pattern, the gold price fell rapidly yesterday and stopped at 1815, and then rebounded close to 17 US dollars. However, it was just a normal decline and rebound. After the pressure level is confirmed, the decline mode will continue. The turning point for shorts in the early stage was at 1830. The trend of the hourly line has repeatedly attacked 1830, but all of them have failed so far. The one-hour moving average pressure has been revised down to 1828, while the pressure on the trend line is at 1837. It has not stabilized at 1837. We are still We cannot think that the market has reversed, and if there are short signals during the period, we will continue to be bearish! In the short term during the day, continue to choose high-altitude operations; continue to follow the short principle! Today, focus on the resistance of 1830-1833 at the top and the support at 1815-1804 at the bottom. Continue to look down after breaking the position; the target position for this decline is 1800-1795 support, and the target will be bullish when the target reaches here;
Taken together, today's gold short-term operation thinking is Jiesse's suggestion to mainly go short on the rebound, and then go long on the pullback. The top short-term focus will be on the 1830-1833 first-line resistance, and the bottom short-term focus will be on the 1815-1804 first-line support. All friends must keep up with the rhythm. It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.
SELL:1830~1828
SL:1835
TP1:1822
TP2:1816
BUY:1804~1806
SL:1799
TP:1815
Gold price is closer to target GOLD
The gold price has shown secondary and narrow trading since the morning, settling around the 1825 level, and therefore, no change in the expected bearish trend scenario for today,
Stabilized above 1825 would help the price reach 1832, 1846 , and 1861
For whatever reason if the price drops and stabilizes below 1825 it will be under selling pressure again to reach 1815, 1805 and 1792
Pivot Price: 1825
Resistance Price: 1834 & 1846 & 1861
Support price: 1815 & 1805 & 1792
timeframe: 4H
Gold- Before NFP and beyond technical analysisLet's think beyond technical analysis and consider what Gold is likely to do.
We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away.
So, two questions arise:
Is it that simple for Gold to stay put for three days so everyone can buy and profit?
Secondly, who's selling if everyone sees this? Are they blind, or do they want to lose?
With that in mind, I believe Gold will continue to decline, and I have two scenarios for NFP:
1. A spike up and then a drop below support.
2. A direct drop below support.
Of course, I could be wrong.
GOLD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold.
New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target.
TVC:GOLD BUY 1819 - 1817🔼🔼
✔️TP1: 1824
✔️TP2: 1830
❌SL: 1812
Gold 4hr TFGold has experienced a decline of 6.8%, but it appears to have formed a stable foundation and is showing signs of rebounding from the -0.618 level, indicating several factors aligning for potential long positions. Additionally, with the US Dollar showing bearish movement, there's a likelihood that gold may transition into a bullish trend.
Gold- Drop- Base- Drop pattern?After the break under 1915 important confluence support that I've spoken about, XauUsd dropped like a stone, with a drop counting 1000 pips.
Although most of us expected some correction after, Gold started to consolidate instead and bulls were unable to elevate the price to confirm the last broken support level at 1855 (at least so far)
The price action from Tuesday looks like it wants to form a "drop-base-drop" pattern and a break of 1810 zone would confirm this scenario.
In such an instance traders could expect a new wave of strong selling and the new led down could lead to a drop at 1730 zone support.
In any case, Gold remains strongly bearish as long as the price is under 1855
Seize the opportunity to go long gold in the short termToday we are still long gold near 1815. Gold has rebounded to around 1820. Our current long gold position still has good profits.
For gold, although gold has not really started its upward trend yet, gold has been fluctuating in the 1820-1815 area recently, and gold is currently showing signs of bottoming. As gold bottoms out, gold will start a new round of rising prices at any time. And in terms of technical attributes alone, gold is currently in a technical oversold zone, and the chart shows a bottom divergence signal. After gold falls below the triangle shape, gold is likely to complete a bottom in a short period of time and start a rebound at any time.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
gold is selling soon prepare to start selling now nowgold is selling soon prepare to start selling now now.. gold is bearish now
