Goldtrade
GOLD ANALYZE H1 Hello Dears
Due to the correction of the price in the dollar index and also the reduction of the upward momentum in the gold trend
and hitting the resistance zone
We expect the price of gold to take a short break
This correction can be up to the bottom of the ascending channel or the price of 1930.
Note that if the price correction has a high momentum, there will be a possibility of touching the lower areas.
I wish you the best wherever you are
I will be happy if you share your opinion with me
XAUUSD LIKELY BEARISH SCENARIO hello traders after an analysis on xauusd my opinion of gold is bearish
after a turbulent friday caused by NFP and unemployement rate fundamentals the daily candle closed as a inverted hammer indicating a bearish sign the candle rejected a bearish trendline gold has been following for a while now.
the last two weeks of august gold started a correctional bullish movement that pumped from the 1900s to the 1940s creating a bullish correctional trendline ,
i believe if bears manage to break that trendline we will likely see gold continue his overall bearish movement maybe back to 1900s.
this is just a probable scenario nothing is confirmed and anything is possible the break out of the trendline and the key level will be a good confirmation
The trading signal that promised to make money, has come trueSince the day before yesterday and yesterday, I have been insisting that I must short gold, and I guarantee that I will make money.
Although gold has risen in the short term today, I have been reminding everyone that if gold fails to stabilize above 1950, gold will inevitably fall. Sure enough, gold fell below 1940 and touched my expected target of 1936. Apparently, I had made a fortune shorting gold. Have you followed my advice to short gold?
Since the day before yesterday, I have been insisting on shorting gold, and wrote an article so that everyone should not worry about shorting gold. As for the specific trading logic and thinking of gold, I have already published it, and some friends must have seen it. If you want to learn the logic of market trading, 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!
Today's gold prediction interval 1907~1923Gold layout analysis: The gold 1921 empty order that was laid out last Friday. Precisely control the entry position, and perfectly won the weekly closing of last Friday. Congratulations to the fans and friends who have followed the strategy.
Gold opened at 1916 on Monday. Last week, the trend of gold went out of the trend of long first and then short. The first three days of last week gave the bulls plenty of momentum. In the next two days, it has been under pressure below the 1923 line, indicating that it is only a rebound trend and has not really opened up the bullish upward trend. Now the position of 1923 is a short-term peak, and this week is a non-agricultural week. Whether it can break the current trend is also within this week. In terms of the direction of the overall layout this week, it is temporarily arranged in the range of 1923-1885, and the short-term operation is still mainly based on selling high and buying low. Let me emphasize again that although the bullish rebound is over now, we still have to focus on the bulls under the support of the three bottoms below. Going short blindly will increase a lot of risks.
Back to the topic, according to the current market trend, there is a high probability that Monday and Tuesday will be dominated by range shocks. We only need to sell high and buy low to operate. Go long around 1907 and short around 1920
Today's gold forecast range from 1917 to 1930On Monday, the gold 1923 empty order was placed, and it rushed all the way to the 1926 line in the evening. After the empty order entered the market, it fell back to the 1917 position in the early morning, giving the opportunity to leave the market. The overall volatility in the Asian market is not large, and the Asian-European market has remained in a situation of small fluctuations, which is somewhat related to this week's non-agricultural situation. It was not until the U.S. market that it exerted its strength, and this wave of gains successfully broke the bearish trend and brought the bulls back on track. Judging from the breakthrough of the 1923 position last night, it is enough to prove how strong this wave of upward momentum is. Although under pressure, it fell back to the 1917 position in 1926. But it closed firmly above 1920. Although this trend is all pointing to the bulls, we can't make blind choices. We still operate according to the previous operation method of selling high and buying low.
Back to the topic, there is little continuation of long and short gold at present, and the breakthrough of the resistance above 1930 has become an obstacle to the continuation of the bulls. To be conservative, it is better to sell high and buy low.
Do long gold in the 1920-1917 range today. It mainly depends on the breakthrough at the 1933 position in the evening. If it does not break through, you can enter the market and open short near it. The target is below 1923.
Trading strategies for today’s US non-farm payrolls dataGold layout analysis: The white market fluctuations on Friday are still sideways, and there is not much room for operation. We continue to wait and see. Focus on the non-farm payrolls announced in the afternoon. According to the results released in the past, the value of the non-farm payrolls announcement in the evening is expected to be greater than the forecast value, thus increasing the probability of negative news. Due to the excessive fluctuations in the early stage, after the evening data is released, the market should continue the trend from Wednesday to Thursday and continue to fluctuate and fall. Of course, this is just my analysis, and we still have to wait for the non-agricultural data to be released before we can confirm it. Therefore, we cannot be too aggressive in pursuing long orders in today's operation. Instead, make plans based on market trends.
Back to the topic: At present, the trend of gold has encountered obstacles and has fallen back. We can’t go long blindly, and there will be non-agricultural data released in the evening, so we still mainly sell high and buy low
Let’s look at 1936-1933 below first today. When you reach this range, look for a low point to enter the market and go long, SL1927 position. The target is above 1945.
If the European and American market rises to the 1950-1952 position, you can participate in short orders. SL1958 position, the target looks at the 1943 position below.
GOLD in Sell Position Technically but Today's NFP can change itGOLD in Selling Position Technically but Today's NFP can change everything.
1- Daily broken trendline retesting.
2- Daily Upward Trendline Rejection.
3- Fab Retracement at 61.8
4- Bearish Divergence at lower frames.
50 RSI of H4 Over bought.
GOLD ( XAUUSD ) Long Term 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:Trading strategy
Yesterday I judged that gold has entered the overbought zone, and the resistance point is at 1950.
The U.S will announce the number of initial jobless claims and the annual rate of the core PCE price index today, which will affect the trend of gold. Today, the volatility of gold is still very small, obviously waiting for the news before choosing the direction.
If gold does not break through 1948 today, then you can sell it here. If the data is favorable for gold, gold continues to rise, and the indicator RSI will fully enter the overbought area, then you can continue to sell in batches. I judge that the possibility of eventual decline is very high.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD: 28/8 Trading Strategy TodayThis week focuses on non-agricultural data. After the hawkish stance of the Federal Reserve Chairman last week, focus on whether the employment data can demonstrate the resilience of the US economy and provide support for further interest rate hikes. In addition, focus on the speeches of several Fed officials and the announcement of the European Central Bank’s monetary policy in July meeting minutes. At the market-focused Jackson Hole meeting, Fed Chairman Jerome Powell said real interest rates were positive, well above most neutral expectations. He also pointed out that the Fed will carefully decide whether to raise interest rates again, will maintain a restrictive monetary policy stance until inflation continues to slow, and if appropriate, the Fed is ready to raise interest rates further.
Gold rebounded in the mid-yang line last week and closed higher, and the weekly line turned positive for the first time after four consecutive negative rebounds. The weekly line maintained a high level of volatility and saw-saw, recovering the previous week’s decline and holding the 1900 mark. Last Friday, the daily line rebounded with a dip and did not change much.
The daily chart is in a rebound correction. At the end of last week, it stepped back twice and still held above the 1900 mark. It is difficult to say that the daily line will continue unilaterally for the time being. In the short term, there may be see-saw shocks, and the duration will be longer. The strength of the US dollar is not strong, and although it is bullish, it is also a shock-like presentation.
After the rapid decline in the 4-hour chart, there was a recovery rebound in the late trading. The Dayin K-line did not close down, and the short-term shocks remained, and the previous low of 1884 was not lost. For the time being, there is no room for continuation of the downward trend. Some short-term shocks may occur. The duration will be longer, and there will be no strong unilateral market for the time being. The Bollinger Road began to tighten slightly, and once again oscillated on the middle track. The K-line pattern is in the process of rebounding, but the spatial continuity is still a problem. It may be accompanied by repeated market fluctuations, and the see-saw movement of one up and one down. In the see-saw and volatile market, the grasp of the entry point is even more tested. In terms of operation, combined with the flexible response to the morphological changes of the hourly chart, and switching back and forth between long and short, the key lies in the entry of points, but the main thing is to focus on long positions.
Gold operation strategy:
SELL:1919-1923
TP1:1916
TP2:1911
BUY:1907-1911
TP1:1914
TP2:1918
XAUUSD: 29/8 Today's Trading StrategyInternational gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls data for August, where investors will look for further clues about the strength of the economy.
The gold market opened lower in early trading yesterday at US$1913.2, and then the market first pulled up to US$1917.8, then the market fell back, and the daily line was as low as US$1912.5, and then the market rose strongly in the US session, and the daily line reached a maximum of US$1926.1. The market finished at a high level, and the daily line finally closed at $1919.9, and then the market closed with a Zhongyang line with a long upper shadow line. After such a form, today's market has a technically bullish demand. The 4-hour chart held above the previous low point and further rose to explore higher. The middle rail of Bollinger Road formed a short-term support. slower.
In terms of operation, rely on 1903 as a defensive point and first look at the shock and rebound. Gold bottomed out as a whole and rebounded. In today's operation, Jiesse considers the retracement layout to be low and long, supplemented by high altitude. Focus on 1926-1932 at the top and 1918-1912 support at the bottom. If you break through the 1926 support, you can refer to around 30 for short orders.
Gold operation strategy:
SELL:1926-1929
TP1:1923
TP2:1919
BUY:1915-1918
TP1:1921
TP2:1926
Gold buyAs is said in my previous anylisis that Gold will move to its 1946 level which was a key level for gold for two bug reasons one was we were having a Daily trendline and the 2nd one was H1 resistance level now the two confluance made us think that gold will reach its 1946 to 48 level and
For today we are still BUY baised as we are watching Gold prices we can see gold is forming a Bullish flag 🏳️ at the area of 1946-48 to 1940 level and is not still breaking above or down the flag as i said we are watching the price what it tells is on Monthly time frame we had a beautiful Hammer 🔨 pattern and on weekly also we are on a BUY position but as we said we had a rejection on daily timeframe it seemed to be a sell trade but for a scalp trader it was 50-60 pips trade but still gold is moving upwards if it breaks 1940 level and or 1946 level we will be having a sell trade to 1932 level previous support and 1960 level next resistance level respectively
So hope for the best what goes around
Expected range and NFP, what's next?#GOLD... Market trade above 1942 through out the day, that was our area and we discussed in our perveious idea,
Now we have expected range arround 1938 to 1947 before NFP,
Any further move will start after sustained breakage eitherside.
Upside and downside areas are mentioned.
Trade wisely
Good luck
Gold: breakout or not to breakout - that is the questionWill Gold break or drop?
1-The XAU/USD is testing the resistance of the bearish channel.
2-There is also resistance at 1950: double rejection - Wednesday and Thursday.
3-The medium-term momentum is bearish.
4- There is no RSI bullish divergence.
Conclusion: Gold would likely drop to 1900!
XAUUSD Top-down analysis, NFP AnalysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD: Tonight's news prediction!Fed inflation may hinder Gold bulls' approach to 1,972.4
The price of gold remains stable at its highest point in four weeks after a streak of four consecutive wins, while investors anticipate important information on inflation from both the US and Eurozone. It is worth noting that recent negative data from the US has caused worries about the Federal Reserve's change in policy direction and has supported an increase in the XAU/USD price.
GOLD:Trading strategy
Two hours ago, I predicted that all indicators are now overbought, and all I judge are very likely to fall.
But it is still an upward trend, but it has fallen because it has risen too fast.
Although the probability of falling in the short term is very high, it is still possible to buy on dips in the long run.
Gold trading advice today:
Gold:buy1932-1937 TP:1948-1952
Short-term fast trading
Gold:sell1946-1950 TP:1935-1930 SL:1954
The possibility of falling is very high now, but you need to strictly set the stop loss to help you protect the security of your account.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Gold (XAUUSD), to Short to 1935 Before a upside surge to 1954Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August.
Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel.
Price will continue to short by price action to the next significant support (1935) before a possible momentum build up to the 1963.
If the 1935 fails to support the bears, the price could fall further to 1925.
What should I do if I hold a short order of gold?Gold has been quite cautious in the past two days. Except for the impact of ADP data, which pushed gold up to 1948, the fluctuation of gold at other times generally does not exceed $5. So why is gold so relatively cautious? I think gold is preparing for Friday's non-farm payrolls.
Gold has been consolidating at a high level in the past two days, so gold was pushed up to above 1945 in advance, which is likely to leave room for the non-agricultural data market, so don’t look at the fact that gold has risen a lot in the past two days.But don't chase more gold easily during this time period. To be honest, I shorted gold around 1945 and 1948, and I still hold related short positions, just waiting for the falling price of gold to come at any time.
If you still hold a short position in gold, please don't worry, remember to contact me. I will make a suitable trading plan for you. Let's take profits easy. I will make more detailed trading plans and trading signals based on the market every day, and achieve a profit target of at least $20K every week. There are also like-minded friends who want to achieve the profit target. You can follow the bottom of the article to master the wealth code and create your own wealth with me!
Gold will go UP by Falling Wedge Pattern🚀🚀🚀Gold is moving near the 🟢 heavy support zone($1,903-$1,886) 🟢 and the 200_SMA(Daily) .
📚200_SMA(Daily)= Dynamic support📚
📚Heavy Support Zone($1,903-$1,886)= Static support📚
💡Also we can also see Regular Divergence (RD+) between successive valleys.
🌊In terms of Elliott wave theory , Gold completed the Double Three Correction structure(WXY) . at heavy support zone, as I expected✅.
🔔I expect that Gold will go UP at least to 🎯 first target 🎯 that I specified in my chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Price Soars to Near Month High on Weaker US Data!The gold price has recently skyrocketed to a near-month high thanks to weaker US economic data. It's time to celebrate and take advantage of this bullish trend!
As you may already know, gold has always been a haven for investors during uncertain times. Gold has again proven its worth with the latest economic indicators signaling a weaker US economy. This surge in gold prices presents an excellent opportunity for those looking to long gold and capitalize on potential gains.
So, why should you consider long gold? Here are a few compelling reasons:
1. Hedge against economic uncertainty: Gold has historically acted as a hedge during economic turbulence. The recent weaker US data makes it a perfect time to protect your portfolio from potential market volatility.
2. Diversify your investments: Adding gold to your portfolio can help diversify your holdings and reduce risk. As the saying goes, don't put all your eggs in one basket. Expanding your investment options with gold can provide stability and balance.
3. Potential for attractive returns: The recent surge in gold prices indicates a promising upward trend. You could reap attractive returns by seizing this opportunity to gold in the coming months.
Now that you know the exciting prospects gold presents, it's time to take action! Here's how you can make the most of this golden opportunity:
1. Analyze the market: Dive into the latest market trends, technical indicators, and expert opinions to comprehensively understand the current gold market. Knowledge is power, and it will help you make informed decisions.
2. Set your trading strategy: Based on your analysis, devise a strategy that suits your risk appetite and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets.
3. Execute your trade: Once you've formulated your strategy, it's time to execute it. Keep a close eye on the market, monitor any news or events that may impact gold prices, and be prepared to adapt your strategy accordingly.
Remember, trading is dynamic, and staying informed and flexible is essential. Keep track of market developments, consult reliable sources, and consider seeking advice from experienced professionals.
Let's embrace this golden opportunity and make the most of the current market conditions. Long gold, diversify your portfolio and potentially reap the rewards of this bullish trend.