Gold: Strategies are bullish today
Gold runs within a narrow range, the same rhythm as before, the Asian and European markets adjusted, and the US market fell to a new low! In the early trading, it has been suggested that the pressure of 1896 is empty, and those who have entered the market continue to hold the empty order. The current price of 1892 that has not entered the market continues to be empty, and 1887 continues to rise a few points
The trend is down, and the ladder is going down continuously, expanding the space below! After the shock, there will be another new low, and the gap below 1870 may be the position where the market stops falling! Before this position is touched or a strong rebound breaks through the current downtrend suppression line, continue to be bearish to the end!
1887 The current price continues to rise, enter when the bullish point is reached
1892 The current price continues to be empty, bearish! Continue to look at new lows!
Goldtrade
GOLD:summary
This week, gold is still the same as last week, continuing to fall along the five-day line, but this week is more deceptive, making many people think that this will be the bottom.
Therefore, let's not guess whether it will reach the bottom here. Only when gold rises above the five-day line and stands firm can we judge whether it will reach the bottom. If it wants to rise, it will not directly rise. We need more patience.
From now on, if you judge that it will rise, then you need to trade quickly and lock in profits to ensure that your account will not lose money. It is most important to follow the trend to make more money, but because it has fallen too much, gold will definitely have a rebound demand, so we must be more cautious and wait for the market to come out.
Don't be impatient, the market will always be there, and there will always be opportunities to make money.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Again hold your range top, now?#GOLD... so market in first session of today again placed a high arround your range top and specially ignore the trend line but not the range..
We have still valid upside range top arround 1894 and downside range bottom still arround 1889 and still a valid areas for downside breakage..
Ingore the trend line and focused on your range top and bottom in 4 hours chart..
Am sharing hourly chart for batter understanding but you can check my first idea regarding current range was shared on 4 hours chart ..
Any weakness on 4 hours chart below 1889 will leads you towards 1875 n 70
Trade wisely
Good luck
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Gold analysis next week
Gold's current trend seems to be, this round of decline is a continuous shock fall, the amplitude of the shock has contracted, in the upward adjustment, there is no breakthrough of the high, the upper resistance point gradually moved down, the trend is very simple, which brings certain convenience to our short-term operation layout, relying on the previous day's trading day above the resistance point trading. Friday's movement was the least volatile day, and without the participation of news and data, the market volatility became smaller. For next week's market trend, Friday's rebound high of 1897 is our reference trading position, and you can choose the resistance point for a new short-term layout. At the same time, in the big cycle, we follow the short rhythm, follow the overall trend of gold, and choose to go short
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At your range bottom, what's next?#GOLD... As we discussed in Friday about market range and you can see hows market exect hold your range bottom and top as well.
And market closed at your range bottom.
A trend line is also placed..
If market break range then further dropexpect d otherwise not...
Trade wisely
Good luck
XAUUSD Top-down analysis Hello 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.
Gold next weekIn the previous week, the price crossed our target of 1900, and fell to the important support of 1885. As long as the price is involved in the support zone (1902-1885), a definite decision regarding the future cannot be made.
The support of 1880 can be the appropriate point for the price to return. Although the price chart has lost important supports, but for the price of gold to rise, it must break the trend line A and B strongly, so in the coming week, traders should carefully consider the price movement. so that they are not harmed.
The long-term price target on the downside could be 1825, but a short-term correction is not out of the question.
GOLD:Trading strategy
Gold fluctuates very little today, and it is still in a downward trend. Then the current rebound can be sold, but the stop loss must be strictly set, because each decline will not directly fall.
Only when gold can rise above 1900 and stand firm can it be judged that gold will not fall again, so that trading will be safer.
Gold trading advice today:
Gold:sell1897-1900 TP:1892-1887 sl:1903
Today is Friday, the last trading day of the week. Today's volatility is relatively small. If you can't find a more suitable opportunity, you can choose to wait. Sometimes it's better to wait than you are in a hurry.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Gold continues the short trend, the key point today is 1890Gold continues to maintain a downward trend at present, and the white market has rebounded, but the position after the rebound also indicates that it is difficult for the bulls to gain an advantage in a short period of time. Therefore, in today's operation, first look at the position below 1890. If you hold the line of defense and do not break it, it will be near this position Go long, if you can’t hold it, gold will fall to the 1880 position in the next step
BUY:1890, SL1885, TP:1897
If the European and American market rises to 1898-1900, you can participate in short selling
SELL:1898-1900, SL:1905, TP:1890
How low will Gold go???Fibonacci extension tool is showing a 1.41 level inside of a 4 hr demand zone. We also have a measured move on the previous down leg. I suggest to watch this level and not just buy it at this level. Let's see if we get a reaction off the level that we can work with and THEN go through our process to take the trade long.
no data from US, range expected ..#GOLD... in today no data from US side, we expect a range trade now inbetween expected range,
upside we have 1894 arround and downside 1889
untill market trade in range you should cash the range..
if market trade in further range then range will be in these lines,
trade wisely
good luck..
XAUUSD: 16/8 Gold Trading StrategyDXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896 yesterday. The oscillating movement of one step at a time seems to be weak, but it has not yet penetrated the low of 1893. A blunt shock fell, accompanied by a low rebound, and the daily line still harvested a small Yin K line. Since the daily chart was under pressure from the high point of 1987, there has been a wave of unilateral weak declines, directly giving up room for rebound. As it approaches the thousand-track mark and the low point of 1893, the short-term began to enter into repeated see-saw. It seems to be weak, but the strength of unilateral breakout is lacking, one low point and one reverse draw, whether it is brewing breakout or a steady recovery remains to be confirmed.
The 4-hour chart is weak and downcast with a rebound correction. The low level was still recovered in the late trading yesterday. The short-term quickly reversed the pressure on the middle rail 1911 line and then retreated to the 1900 mark. Repeatedly testing around the low point. It needs to be further confirmed in combination with the form whether it is poised to break down during the consolidation or to start a steady recovery. At present, it is repeatedly approaching the low point, but it lacks a certain strength to break the position. The short-term changes in the tug-of-war. From the perspective of the downward trend of the small-cycle step, as long as the short-term does not regain 1916, the short-term bearish thinking will be maintained for the time being.
Gold operation strategy:
SELL: 1912-1916
TP1:1908
TP2:1902
BUY:1898-1902
TP1:1906
TP2:1910
XAUUSD Top-down analysis Hello 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.
Will gold continue to fall? Today's Trading StrategyAt present, gold has been fluctuating and rising. After 1900 was broken yesterday, it only fell to the 1896 line. It did not continue the downward trend, but quickly rebounded and corrected, closing above 1900.
The current trend is basically similar to the previous trend, and a double bottom has been formed below. The counterattack trend of bulls is ready to enter the market at any time, and now we can be sure that the space for shorts to fall is limited, and we cannot blindly chase shorts. At present, we are waiting for the establishment of the bull signal, and the bears will not be able to continue the decline unless they continue to break low, otherwise all the declines are just a signal to establish the bulls' entry.
Back to the topic, the downtrend of gold is not over yet, the operation needs to be treated with caution, today we will first look at the 1900-1897 line below, reach this range to find the low point and enter the market to do long
BUY: 1900~1897,
SL:1894,
TP1:1905
TP2:1910
The European and American market rose to 1911-1913, which can be shorted
SELL:1911~1913
SL:1920
TP1:1908
TP2:1905
Gold continues to fall, can it bottom out tonight?Gold layout analysis: From the perspective of the gold trend, the overall situation is bearish. Recently, the highs have been moving down, and the lows have been broken. The lowest point fell to the 1902 line and then began to pull back. Strength is still good. The empty orders laid out yesterday did not give a chance to enter the market. I really did not expect the gold bulls to be so weak. Gold is still bearish on the main body today. However, when the monthly sales rate is announced in the evening, you can’t blindly chase short positions. You still have to make corresponding adjustments according to the specific trend of the European market in the afternoon. Judging from the current disk, the trend of short positions has not changed. What we have to worry about now is whether gold will bottom out at night and rebound. We followed the trend and waited for the rebound to reach a high point before going short.
Back to the topic, it is already a certainty to be short on gold. Under such a trend, it is the most stable to go short when gold rebounds, and the integer mark below 1900 is close at hand.
BUY1900-1903, SL1897, TP1910
SELL1911-1913, SL1918, TP1900