Gold continues to be bearish
Gold has already made it clear in early trading that today's rebound will not break through the pressure of 1955, and the current price of 1950 in the European market is directly shorted, and the data in the US market is negative, so continue to hold the short order! Bearish, the US market pays attention to whether 1930 breaks!
From the trend point of view, gold belongs to the shock trend! However, during the shock process, the center of gravity continued to move downwards, indicating that bears dominated! And this week's non-agricultural data, there is an opportunity to use the data to break down!
Today's market volatility is limited, but it has not broken through the 1955 pressure suggested in the early trading, then continue to hold, the direction is right, and you will not be afraid of the long way! Continue to be bearish!
Goldtrade
Long and short 24 consecutive victories, 1915 continues to be mo
Yesterday, the whole network of gold 1911 went long, and the Dayang line soared directly to around 1922. The long order is also a harvest. So far, there is no loss order this week. This wave of long and short has won 24 consecutive victories. In no time, the magical Friday is here, what do you think?
The k-line as a whole is still above the 50 moving average. Even if the big Yang line falls back, it can be pulled up quickly, and the body of the Yang line directly covers the body of the Yin line. There is no possibility of a U-turn when the 50 moving average moves upward. Yang, Brother Wolf is allowed to fall back. The bottom line for bulls is around 1902. To stabilize this position is to stabilize the market. More, 1913 will be more directly
GOLD 4H (Downtrend)GOLD
reminding you that, consolidation under 1920 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1913, 1906, and 1896
As for renewing bullish attempts, consolidation above 1920 will support the price to rise up again and recover its positive momentum to retest again to 1928, 1937, and 1945
Support line: 1913, 1906, 1896
Resistance line:1928, 1937, 1945
GOLD 4H DOWNSIDE RANGE GOLD
if it is below 1914 the direction downwards going until it reaches 1912 and 1905 then 1902
if it falls above 1922 the direction is going to touch 1926 again and 1932
Resistance Price: 1926 & 1932 & 1938
Support price: 1917 & 1912 & 1905
timeframe: 4H
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Gold prediction interval 1915~1930Gold Layout Analysis: U.S. Treasury yields consolidated their weekly gains on Friday as U.S. yields edged higher on growing expectations of tightening policy from the Federal Reserve. The 2-year U.S. Treasury bond yield is 4.99%, and the 5-year and 10-year yields are 4.40% and 4.26% respectively. The yields on government bonds of these three different maturities all rose modestly, limiting the rise in gold prices on the day. Investors are eagerly awaiting U.S. consumer price index (CPI) and retail sales data for August to be released this week to continue betting on the Federal Reserve's next policy decision. Currently, the market expects another 25 basis points (bps) rate hike for the rest of this year, but the market is unsure whether the rate hike will occur in November or December. For gold traders, the most important economic data in the coming week is the U.S. August CPI and PPI, which will be released on Wednesday and Thursday respectively. Market participants will also be watching U.S. retail sales data for August and the European Central Bank's interest rate decision, both due on Thursday. Optimism has faded from precious metals markets as less than half of retail investors expect gold prices to rise this week, while most market analysts have returned to a bearish bias.
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The golden daily line is in the peaking and falling stage, the MA5-MA10 moving average maintains the trend of dead cross, and the MACD green column can start to increase the volume; the weekly line is also in a concussive downward pattern, the Bollinger middle track under pressure continues to fall, and the three Bollinger Bands tracks open downward at the same time. , the decline is expected to go lower. At present, the 1930 mark has been tested many times and it has fallen back. The pressure above is obvious, so continue to maintain the bearish thinking. Focus on the key watershed of 1915. Once it clearly falls below, the downside risk will further intensify and it is expected to test near the 1900 mark. For a rebound, just focus on around 1928.
XAUUSD- Strategy on September 12Gold confined within two key averages, awaits US CPI for fresh direction
Gold price is treading water while defending the critical 200-DMA at $1,920 during early Tuesday dealings. XAU/USD price is losing the upside traction, as the United States Dollar (USD) finds its feet amidst a negative shift in risk sentiment and the buoyant tone seen around the US Treasury bond yields.
Important support zone: 1916 1905
Important resistance zone: 1930 1935
Gold trading strategy today
BUY GOLD 1914-1916
SL: 1908
SELL GOLD 1931-1933
SL: 1937
Gold trading strategy for the first day of the weekGold prices lost traction and fell to $1,920 during US trading hours on Friday. The benchmark 10-year US Treasury yield recovered to 4.25% after spending the first half of the day in negative territory, sending XAU/USD lower.
Last week (September 5-8, 2023), the USD price in the international market rose to a nearly six-month high amid concerns about global growth, especially in China, causing investors to pour rush into the US safe-haven currency.
This shows that in the coming week, the Dollar could potentially adjust, causing the gold price to retest 1935. In the worst case for gold plus good news for the Dollar, the possibility of gold falling to the price of 1905 is perfect. can happen during the trading session of September 12 and 13
XAUUSD: 7/9 Today’s Trading StrategyIn early trading in Asia on Thursday, DXY remained strong and is currently around 104.9; spot gold continues to be under pressure, with gold prices around 1918. Gold prices remain on the defensive as market participants flock to the dollar amid stronger U.S. data and hawkish signals from the Federal Reserve. DXY rose to a new high since March 15 on Wednesday, briefly exceeding 105.00. Spot gold fluctuated and rose during the day. It opened at 1916.36 today, with the highest hitting around 1920 and the lowest hitting 1916.
Yesterday, the technical aspect of gold overall suppressed the weak and volatile consolidation below 1930. The Asian and European markets shot up twice and were under pressure on the 1928 line, and then fell weakly. Near the US market, it quickly fell to the 1921 line, stabilized and rebounded, then shot higher and pierced the 1929 line, and was under pressure again. The downward trend broke through the bottom. In the early morning, the gold price continued its weak decline and closed weakly at the 1915 line. The daily K-line closed higher and fell back below the bottom bardo. It closed with the suppression of the short bardo for four consecutive trading days. The overall price continued to show a weak downward trend.
The 4-hour chart constructs a downward chart. Currently, the short-term short-term defensive point is based on the middle track of Bollinger Road, which coincides with yesterday's rebound correction high point. In the short term, just take advantage of the trend and go short around 1930. The rhythm may be accompanied by consolidation and correction, but the rebound will not be able to rebound from the previous day's high, and the weakness will continue. The 1-hour chart constructs a small shock step down. Yesterday's rebound consolidated sideways at 1930, forming a second high point, which is also a short-term critical point.
Therefore, Jiesse focuses on the top 1925-1930 position, and the lower goal is still to break the low, and needs to pay attention to the lower 1911 position, such as breaking the next support 1907.
Gold operating strategy:
SELL:1925-1928
SL:1934
TP1:1920
TP2:1915
XAUUSD: Basic analysis!During the early hours of Tuesday's Asian session, XAU/USD is attempting to continue its upward momentum, hovering around 1,921. The pair is being supported by a weakening US Dollar (USD), which has experienced a pullback. However, the gains of the precious metal are being limited by the positive performance of US Treasury yields.
The US Dollar Index (DXY) is currently struggling to rebound from losses and is trading lower at around 104.60. This can be attributed to the strong performance of United States (US) bond yields. At present, the yield on the 10-year US Treasury bond stands at 4.30%.
Latest gold signal trend analysis
As I expected, gold started to rise today near 1921, but it shot up to 1930 and then fell again. I gave accurate profit signals in the team channel, and my friends all reaped good profits. Now that gold is near 1925, we can see that the gold lows continue to move upward, so the next gold trend will most likely continue. Rising, gold continues to test the pressure level near 1930-1933. We can wait for gold to pull back and continue to buy gold.
Gold trading strategy:
xauusd:@buy1916-1921 tp1926-1931
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still a bearish move expected below 1916 for 1898#GOLD... market trade in range today but as we discussed in our last idea last week that downside we have 1916 as range bottom, and now you can see how smoothly market hold his range bottom line and trade above,
now same area need your focus guys, market should retest 1898 before any major move to upside or anyside, i mean if its market bull run then it should retest 1898 or if its bear run then it should trade below 1916 for any further downside,
downside and upside areas are mentioned on chart.
trade wisely
good luck
Go short gold and continue to make big money today!I reminded everyone on Friday that you closed your eyes to go long on gold and held the position overnight, and reached the profit target of 1926 this morning;
Today, I remind everyone to short gold in the 1926-1928 area and short crude oil near 87.9. Obviously, crude oil has already touched my profit target of 87.4. Although gold was once close to my profit target of 1921,but so far we haven't touched that position, but we still have a very good profit for now.
Judging from the current structural trend of gold, the current suppression point is around 1930. Gold is likely to start a correction trend based on around 1930. Therefore, for the next gold trading, I will definitely focus on shorting gold at high levels. At the same time, I also hope that our current short position in gold can also successfully achieve my expected goal.
I post my trading ideas on a daily basis and also post free trading signals on a regular basis. Many friends have given feedback that 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!
XAUUSD analysis next week
For gold, the lower support last week remained at the low of 1916. The probability of this position continuing to fall is low. It is expected that the lowest price will not fall below 1914 next Monday, and the upper pressure will also remain at the previous double top position. Near 1928, last Friday's daily line closed with a small positive yesterday. This is also likely to be a signal for bulls, and the daily line is still relatively in an upward trend. We still cannot be overly bearish on gold, and first maintain it near 1914-1918 to go long. , the target is around 1924-1928, SL1910
Gold trading signals:
xauusd:buy1914-1918 tp1924-1928 sl1909
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#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
Today we focus on 1933~1937 to 1915~1917Gold layout analysis: The strong performance of U.S. economic data released last week supported the dollar's strength again. On Tuesday, Fed Governor Waller spoke, believing that policymakers can raise interest rates cautiously. The U.S. ISM non-manufacturing industry recorded 54.5 in August, released on Wednesday. Better than market expectations of 52.5, this increased expectations for the Federal Reserve to raise interest rates in November, pushing the dollar to continue to rise and suppressing gold prices.
Gold is currently relying on the support of 1915 to ease its decline, and it has also shown signs of bottoming in the short term. However, it hit the 1930 mark and fell again, which did not change the bearish trend of peaking at 1950. The daily line is in the peaking and falling stage, the MA5-MA10 moving average maintains the trend of a dead cross, and the MACD green column can start to increase the volume; the weekly line is also in a concussive downward pattern, the pressured Bollinger middle rail continues to fall, and the three Bollinger Bands rails open downward at the same time. The decline is expected to continue lower. The focus now is to focus on the key watershed of 1915. Once it clearly falls below, the downside risk will further intensify and it is expected to test near the 1900 mark. For a rebound, just focus on the pressure near 1926.
Focus on the position of gold: shorting near the 1933~1937 position, stop loss 6~7 US dollars, target 1917-1915
GOLD 4H (Pivot Price: 1926)GOLD
if it is below 1922 the direction downwards going until it reaches 1917 and 1912 then 1905
if it falls above 1926 the direction is going to touch 1932 again and 1938
Pivot Price: 1926
Resistance Price: 1932 & 1938 & 1944
Support price: 1917 & 1912 & 1905
timeframe: 4H
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XAUUSD:6/9 Today’s Trading StrategyThe U.S. dollar index continued its upward momentum on Wednesday and is currently trading around 104.7. The next day, spot gold was suppressed by the rise in both the U.S. dollar and U.S. bond yields, closing down 0.64% at 1926.09. The U.S. dollar index rose all the way, once reaching the 105 mark, and closed up 0.64% at 104.81.
Gold opened lower in the morning and fell slowly today, with the price of gold maintaining a slow downward trend near the 1925 line. Gold had a clear correction yesterday, with the daily line closing out a clear negative line, currently near the short-term line, further showing signs of weakness on the part of gold bulls, and the rebound trend midway was very weak. Although the U.S. market tried to counterattack many times, it was eventually crushed. . The price went straight down from 1938, and fell below the rising trend line in the European market. The counter-pressure of the rebound in the evening continued downward. The barbar of the daily chart closed, the price fell below the 5-day and 10-day moving averages and closed below, and the current support is here, but The weak short position on the daily line has appeared. The market outlook will focus on the middle track. It remains to be seen whether it can break down further. Once it is broken, the market outlook will continue to decline. Therefore, for today's market, high altitude is still the best choice. The daily K chart shows random The indicator is in a dead cross state and the main trend is a bearish signal. The key support level is around 1920, and there is also a dividing line support level around 1918. These support levels form relatively strong support areas.
Therefore, some corrections may occur during the day, but continued declines require further news stimulation. Therefore, Jiesse suggests that the upper pressure level should focus on the vicinity of 1934-1935 in operation, and the lower target is still to break the bottom, but it is necessary to pay attention to the support level around 1920-1918. In terms of operation, it is recommended to go short after rebounding to a high level, and then go long after going back to the high level. If it does not break 1920, you can participate in long positions.
Gold operating strategy:
SELL:1932-1935
SL:1943
TP1:1928
TP2:1924