Goldtrade
GOLD: Long term future direction!The US Dollar Index (DXY) is experiencing a rebound and is currently trading at 104.10, strengthening the Greenback against the six primary currencies. The rise in the value of the US Dollar (USD) can be attributed to moderate employment data in the United States, which has created a sense of caution among investors as they seek further indicators regarding inflation expectations.
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 4H (Pivot Price: 1920)
GOLD
if it is below 1922 the direction downwards going until it reaches 1913 and 1906 then 1889
if it falls above 1922 the direction is going to touch 1926 again and 1933
Pivot Price: 1920
Resistance Price: 1926 & 1933 & 1938
Support price: 1913 & 1906 & 1889
timeframe: 4H
Earn at least $20K this week with trading signalsToday's trading results are not bad, at least all the recent transactions have been profitable. The income so far this week has exceeded $16K, and it is still $4K away from achieving a stable profit of at least $20K every week. I hope that in the rest of this week, through my analysis of the market, I can earn at least $4K Only in this way can I complete my small weekly goals. Are you interested in completing this week's goal with me?
At present, gold has risen above 1919. I have been reminding everyone that the trend of gold is changing two days ago, and the result has been verified to be completely correct, and it is completely in line with my trading rhythm. In the past two days, as long as you are a friend who keeps up with the trading rhythm, you should have made a lot of profits.
So for the current gold, it is not suitable to chase more gold for the time being. At least wait for gold to fall back to the 1910-1905 area before considering buying gold again. The current short-term resistance of gold is in the 1923-1925 area.Gold will definitely tentatively enter this area today or tomorrow, and there may be a good trading opportunity at that time. As long as you grasp this opportunity, I believe you can grasp a trading profit of at least $10, or even $20. I hope everyone can cherish this trading opportunity.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
Gold's Jackson Hole Rally: What's Next? Gold is possibly still within its descending channel, though it has discovered a foothold at $1885 and demonstrated an upward shift this week due to a decline in bond yields. However, the anticipation is for the Fed funds rate to remain higher for longer, so gold’s upside potential might be short-lived.
Butting up against this hypothesis is the very recent surge in gold from $1900 to $1916. This surge can be attributed to a weakened USD, which followed the release of several data points, including a decline in the US Composite PMI to 50.4 in August (below the expected 52.0), and a drop in the Manufacturing PMI to 47.0, reaching a low point for the past two months.
For downside risk, bears may again target the $1880 and $1885 resistance if the price falls back below $1908 level (200 SMA). Immediate upside risk is potentially restricted at $1920 (20 SMA). Jerome Powell is set to take the stage at the Jackson Hole Symposium in the next 48 hours (scheduled for 10:05am ET Friday) and gold’s near-term trajectory will likely be guided by this significant event.
Interestingly, the pound is bucking the trend of a softer US dollar. The GBPUSD weakened to $1.2716, as traders digested the UKs equally weaker-than-expected PMI data. The latest UK Private Sector Output Fell the most in 31 months (about 2 and a half years).
A game changer level is on table#GOLD... Market just hitt your target area 1920 and hold it..
Guys it will be market game changer level 1920.
Keep close it, and do t be lazy here as I told in my perveious idea.
If market hold 1920 in hour chart then drop expected towards his supporting area that is mentioned on chart .
Jackson hole symposium first day on table,
Don't be lazy and use propr stop loss..
Because game will start from tomorrow..
Upside above 1920 next will be 1932 1940 1957 and 1970...
Trade wisely
Good luck
Gold: A Timeless Investment Amidst Market CyclesIntroduction:
Have you ever wondered why Gold has been a symbol of wealth and prosperity for centuries? In today's ever-changing financial landscape, where market cycles can be unpredictable, it's crucial to explore investment options that can withstand the test of time. Enter Gold - the shining star that has consistently proved its worth, regardless of market fluctuations. In this article, we delve into why holding onto Gold, irrespective of the cycle, may be prudent for traders seeking stability and long-term gains.
1. A Safe Haven During Uncertain Times
2. Diversification and Portfolio Protection
3. Long-Term Value Appreciation
Call-to-Action:
Considering the compelling reasons to invest in Gold, it's time to explore its potential as a strategic addition to your trading portfolio. As the dollar faces uncertainties and market cycles, continue to fluctuate, don't miss out on the opportunity to capitalize on gold spikes. Take the necessary steps to educate yourself about gold investment options, such as purchasing physical Gold, investing in gold ETFs, or exploring gold mining stocks. Remember, knowledge is power; with the correct information, you can make informed decisions that align with your investment goals.
Conclusion:
As you navigate the ever-evolving financial landscape, traders must consider investment options that can withstand market cycles. With its historical resilience, Gold is a beacon of stability and potential wealth preservation. By holding onto Gold regardless of the cycle, you can diversify your portfolio, protect your wealth, and benefit from its long-term value appreciation. So, as the dollar falls and gold spikes, seize the opportunity to embrace the golden path to financial security.
Invest wisely, and may the golden opportunities be forever in your favor!
Note: This article is for informational purposes only and does not constitute financial advice. Please consult with a professional financial advisor before making any investment decisions.
GOLD: Which model will appear?Gold price struggles to capitalize on the previous day's positive move and oscillates in a narrow trading range below the 1,900 mark during the Asian session on Tuesday. The XAU/USD, for now, seems to have stalled its recent decline witnessed over the past four weeks or so, to the lowest level since March 2023, around the 1,885 region touched last Thursday as traders keenly await more cues about the Federal Reserve's (Fed) policy outlook.
Continue profit, and the profit has reached $16K so farDo you remember what I said in the article yesterday? You can rest assured to hold the long positions of gold in your hands, and we will successfully reach our profit target of 1902 tomorrow. Obviously, the trading strategy of insisting on long gold yesterday was once again verified to be correct. At present, gold has rebounded to the highest position of 1905. Our trading strategy of long gold in the 1896-1894 area, and the trading strategy of long gold in the 1890-1888 increase position, all succeeded in making profits.
At present, gold has fallen again after hitting 1905. At present, gold is running around the position of 1902. Although gold has fallen, from the perspective of the US dollar, the US dollar has risen, but the gold correction is only 4 US dollars, and gold shows obvious resilience. It shows that the 1905 position is not a strong resistance, and gold is likely to try to break through the 1905 position next, so after the gold pulls back, there will be better opportunities to do long gold. We must cherish the opportunity of this wave of gold rebound. August may be the last chance for gold to rebound. By the beginning of September, the adjustment cycle of gold may be ushered in again.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
Gold XAUUSD Intraday Signal 23-08-23Wow! It is crazy now. Look at the positions. Sma200 at 1902 between 23.6% 1900 and 0.0% 1904 and sma44 1894 combined with 50% level and the price is on support 38.2% 1897. We are in real squeezed area so need to have a look at few larger time frames. In H4 sma44 is at 1897 and in D1 sma200 is at 1908. So here is the picture, if price breaks upwards sma44 in H4 at 1897 and it becomes support then we might visit 1908. On the other hand if the price breaks downwards then next further 1894 is to be broken where sma44 and 50.0% level is on support, then we may test 1885-87 area again. As the trend is also bending towards bullish side there is a good chance of a buy between 1895-97, I go with 1895 to pick a buy. For sell side at least 1905-08 area is MRS to be considered. Very critical position I see in Gold for today. Use stop loss mandatory and do not change it. Take care and good luck.
🥇Gold🥇 increases after the breaking Descending Channel🚀💡After moving in the 🟢 heavy support zone($1,903-$1,886) 🟢 for a while, gold managed to break the descending channel .
💡Of course, the Regular Divergence (RD+) between successive valleys was a sign of the failure of the descending channel.
💡Another sign that we can consider increasing gold is the Buy Signal by 20-SMA and 60-SMA .
🔔I expect gold to go up to the Fibonacci levels I marked on the chart.
Gold Analyze ( XAUUSD ), 1-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.
going towards target but dont be lazy,#GOLD... market is just going towards your target area arround 1919 20 ,
it will be market today final zone from 1920 to 1927
if market hold this zone then again drop expected otherwise not..
keep close this upside range from 1920 to 1927 and stay sharp here guys,
next 20 points move will start from here ...
trade wisely
good luck
phycological area 1900 break? next?#GOLD... market just trade above his phyclogical area 1900 its market most traded area from last 5years,
again market trade above this level,
keep close it,
if market hold 1900 1901 now then a bounce expected upto 1920.
only holding of this area will leads you towards upward areas otherwise not..
trade wisely
good luck
Will the gold bulls exert their strength?Gold layout analysis: The gold welfare strategy deployed on Tuesday wins both long and short positions. At present, from the perspective of gold trend, it is at the key point of long-short conversion. Since it fell to the 1884 line and established the bottom position, gold has been fluctuating between long and short. Today the highest hit the 1905 line. Judging from the overall trend, the bulls may have to exert their strength. Judging from the current trend, there is still a lot of room for growth above. Looking at the intraday trend, from the opening to the current position, it has been oscillating and rising above 1900, which also shows that today's market trend is very critical. If you can effectively stand above the 1905 line, you can directly look at the upper 1912 position. However, it is still necessary to xi, Australia and New Zealand to soar high and fall back. Today's operation is still based on high altitude.
Back to the topic, the gap below 1870 in gold has not been covered, and the Federal Reserve spoke this Thursday night. If it continues to raise interest rates, it is bound to go down again, so the overall trend is still dominated by shorting.
Today, let’s first look at the 1905-1907 line above, and reach this range to find a high point and enter the market to sell short
SELL: 1905~1907, SL: 1912, TP: 1897
Europe and the United States fell below the 1895-1893 line, you can participate in long
BUY: 1895~1893, SL: 1888, TP: 1905
GOLD:Trading strategy
Gold rose today to 1904 and exceeded the resistance point, so today I decisively sold short, but now gold is rising again, so it can be judged that there is obvious support at the short-term bottom, as long as the decline does not fall below the previous low, you can buy.
But gold will definitely not keep rising, he will deceive you, so when you have a profit and the rise exceeds the resistance, and the volume is insufficient, you can lock in the profit.
Gold trading advice today:
Gold:buy1885-1890 TP:1900-1905
Gold:sell1903-1908 TP:1895-1888
As long as the decline does not break the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
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
XAUUSD: 18/8 Gold Trading Strategy TodayIn early Asian trading on Friday, spot gold rebounded slightly after the recent slump, and the price of gold is now at $1,893. Gold fell towards $1,885 on Thursday, its lowest level since March 13. A stronger DXY and higher U.S. Treasury yields were responsible for gold's decline. Spot gold closed at US$1,889.11 on Thursday, down US$2.80, or 0.15%, with an intraday high of US$1,903.44 and a minimum of US$1,884.93. It faces renewed selling pressure against a backdrop of a stronger dollar and rising U.S. Treasury yields. Gold prices closed below the 200-day moving average on Thursday. Adding to hawkish bets on the Fed on Wednesday, minutes from the Federal Open Market Committee (FOMC) meeting showed members were open to continuing to raise interest rates due to upside risks related to inflation and noted that the labor market remains extremely tight . Expectations that U.S. interest rates could be higher for longer have pushed the yield on the benchmark 10-year U.S. Treasury bond to its highest level since October, making non-yielding bullion less attractive to investors.
From the perspective of the daily line structure, gold has closed in the negative for 4 consecutive trading days this week. In addition to the continuous decline last week, it has been falling continuously for almost two consecutive weeks. Such an extreme trend is not common, and it is enough Indicates the current negative and pessimistic state of bulls. Judging from the hourly chart, the rhythm of gold and DXY yesterday has a certain degree of coordination, but there is also a disconnection, that is, when DXY is under pressure and recovers, gold rebounds slightly, and when DXY rebounds and measures pressure, gold falls sharply. The rhythm clearly shows that the gold bulls are still in a state of serious lack of confidence. The lack of confidence is caused by two factors. One is that after gold itself fell below the key support, the confidence of market bulls was damaged; And these two factors complement each other, so if gold wants to turn to an upward trend in the future, it must be based on the DXY recovery, and it must be technically back above 1900, otherwise it will still be very difficult Forming an effective upward trend, if there is a recovery but cannot stand above the key position, then it can only be regarded as a short-term oversold rebound.
Therefore, today's gold operation idea Jiesse suggests that as yesterday, the rebound is mainly short at high levels, supplemented by callback at low levels, and the upper part focuses on the first-line resistance of 1900-1903, and the lower part focuses on the first-line support of 1890-1885. If it breaks the 1880 line, continue to look at the 1867 position below, and don't go long yet.
Gold operation strategy:
SELL:1897-1900
TP1:1893
TP2:1890
BUY:1881-1884
TP1:1886
TP2:1890
XAUUSD: 17/8 Today's Trading StrategyIn early Asian trading on Thursday, the U.S. dollar index continued to rise, hitting a more than one-month high of 103.59 at one point. In the early morning, after the minutes of the Federal Reserve meeting showed that most policymakers continued to put the fight against inflation first, spot gold extended its intraday decline, falling below the previous low of 1893, the lowest since March this year, and finally closed down 0.49% at 1892.33
This trading day focuses on the number of initial jobless claims in the United States for the week ending August 12, and the number of continuing jobless claims in the United States for the week ending August 5. Gold fluctuated at a low level yesterday. Although it rebounded, it still failed to break through 5 The daily line pressure, the tone of the Federal Reserve meeting minutes in the early morning was relatively hawkish, causing gold to fall below 1900 again, and the low fell to around 1890, and the daily line closed again.
The 4-hour chart relies on the middle rail as the resistance point for a unilateral weak decline. This week, it basically sorts out the pressure at the middle rail and then falls to the lower rail. At present, a bardo line is close to 1893 but has not bottomed out Afterwards, it rebounded, but closed at a low level. Today is expected to continue the downward trend. At that time, it will close below 1893 and the form will effectively fall below. The 4-hour chart is still bearish; the 1-hour chart is running in a downward channel with shocks, and the daily gold short-term operation idea is on. Jiesse suggested that the rebound should be short-selling, supplemented by stepping back to the low position and doing long.
Gold operation strategy:
SELL:1899-1902
TP1:1895
TP2:1890
BUY: 1883-1885
TP1:1889
TP2:1893
Potential short swing trade for goldGold prices have held up well the past couple of days despite a stronger USD and yields. Although its established bearish trend looked overstretched around recent lows, after bears failed to drive prices materially beneath the June low.
We see the potential for the retracement continue higher over the near-term, but we'll be looking out for evidence of a swing high around or below the 19117 - 1920 area (high volume node and round number).
And now spot gold prices have already tested 1900, another leg lower does not seem unreasonable. Besides, the front-month gold contract is yet to break that level, and it provided support in late June. And if futures are to head for 1900, it suggests support for spot gold around 1970.
Gold 99-00 short; range shock short
Gold rose steadily during the day. Before the US market, the highest reached around 04 and then began to retreat, and the lowest fell again to around 89 to stop. The short-term retracement is also a continuation of the previous downward channel, which is also very reasonable. The retracement rate is slightly higher, but overall, the probability of a large retracement is not high. After all, the bottom has formed a three-bottom pattern, so this position can only be paralyzed in a large area after the position continues to break, and the current 90 line is broken. The probability is actually not high, and it is very likely that a puncture effect will be formed, and the upper pressure port is maintained at the 05 line, and the daily line begins to draw back, creating a breakthrough momentum. Shock is inevitable, but before an effective breakthrough is formed above, we still easily define it as a reversal of the bulls. At present, we can only operate tentatively, but the pressure on the top still exists, and it is recommended to try to short Mainly, if gold reverses in the short term, short around 99-00, don't look around 88-83, stop loss 05.5