🚨Gold ready to FALL again🚨Gold managed to break the 🟢 support zone($1,939-$1,932.16) 🟢 during the last day.
Gold is currently completing a pullback to the broken support zone.
🌊According to Elliott Wave theory, gold is completing the Double Three Correction structure(WXY) .
🔔I expect the main wave Y to finish at the 🟢 heavy support zone($1,903-$1,886) 🟢.
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.
Goldtrade
reached at your target zone 1904, next?#GOLD... market just reached at your target zone that is 1904 as we mentioned in our perveious idea,
keep close it because its today key level and for further selling it should break and close below that area,
if market hold it then only case buying expected otherwise not.
upside and downside areas are mentioned on chart...
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: A predictable scenario!The underwhelming inflation figures in the United States provided a reason for Federal Reserve policymakers to celebrate their success in tackling price pressures. However, traders were eager for more information to alleviate concerns about the shift in policy direction. These concerns were further compounded by worries surrounding China, the largest consumer of gold globally, which put downward pressure on the price of XAU/USD.
Gold analysis: short-term shock trend, reasonable entry pointToday's gold market opened at the 1943 line. From the perspective of the overall structure of gold, gold has gradually changed from a weak shock to a strong shock. The market has been in a downturn in the short term. This trend can be long or empty. The control needs to be more precise. In addition, this Thursday, the CPI annual rate, monthly rate, and initial claims are all gathered together. Gold should not make much movement in a short period of time, and there is a high probability that it will also fluctuate and pull back in the past few days. Therefore, the operation in the past few days is still mainly selling high and buying low.
At present, the probability of the upward fluctuation of the gold trend is higher, and both long and short positions have the opportunity to participate in the operation. Let's just treat it by selling high and buying low.
Today, let’s look at the 1935-1932 line below, and reach this range to find a low point and enter the market to open long.
BUY1935~1932, SL1928, TP1945.
The European and American market rose to the 1948-1951 line,
SELL1948~1951, SL1956, TP1940.
Focus on gold 1930~1944 high short low longGold layout analysis: The market opened at 1936 in the morning, and the trend was weak. After falling to the 1931 line, it began to rebound. Under this trend, it is expected to continue yesterday's weak empty trend and continue to attack the 1930 line. So the next situation is relatively clear. As long as the strong support at the position of 1930 is not broken, we can try to do long (short-term operation) near it to catch the rebound. At present, unless gold regains a firm position above 1945, it is possible to open the bull's offensive trend. Otherwise, you can only go short during this period. So this Thursday's CPI also determines whether gold will restart the bulls, or continue to be short, hitting the 1900 integer level. This is just my guess, and the specifics should be based on the data and the actual trend.
Under the current trend of gold, we still operate around the high-altitude position, and we can participate in long orders without breaking the position at 1930.
Today, let’s first look at the first-line break at the 1930 position below, and do long positions if you don’t break through.
BUY1930~1932, SL1925, TP1938.
The European and American market rose to the 1940-44 line, reaching this range to find a high point and enter the market to open short.
SELL1940~1944, SL1947, TP1930.
Gold today's range forecast 1915~1937Gold layout analysis: On Tuesday, more than 1930 gold orders were placed, and after rising to the 1935 line, the positions were reduced and left. In the overall stable profit appreciation position. After opening at 1925 this morning, it continued to rise slowly. Judging from the trend of gold in recent days, it basically maintains a low level and fluctuates within a few days, constantly breaking low. The high position keeps moving down. On Tuesday, it pulled back twice to the 1930 line, although it failed to continue to break down. However, it finally rebounded to the 1935 line and then fell back under pressure. The U.S. market broke through the 1930 line, approaching the 1920 line. Such a weak form of gold makes it more difficult to rise. Coupled with the extreme trend of the U.S. index, gold is also affected by it, resulting in insufficient motivation for bulls. According to this situation, it is not impossible to break the low of 1920 again. Since gold fell below the 30 line yesterday, there is no short-term support, so the operation can only be operated by selling high and buying low. It is more difficult to control the entry position, so please remember to be cautious during the operation.
Back to the topic, the current gold trend is dominated by bears, and the momentum of bulls is weak in the short term, but it cannot be ignored.
SELL1934-1937, SL1940, TP1922
If the European and American markets fall to around 1917,
BUY1917-1915, SL1910, TP1925
Gold today's forecast interval 1906~1929Gold layout analysis: The gold 1931 empty order shared with you on Wednesday is a complete victory. At present, judging from the recent trend of gold, the bulls are like deflated balloons. It can be said that there is no upward momentum. The high position keeps moving down, and the low position keeps breaking. If this trend continues, it is estimated that tonight's CPI will be difficult to restore the bullish situation, but compared with the bullish upward trend in the previous period, there are some similarities. After rising to the highest line in 1987, it fell all the way, without any signs of a strong rebound. So whether this time the short position will continue the previous long position? This question is also worthy of our careful consideration. Judging from the early trading, it is basically bearish. But we can't say absolutely, we still have to leave a little doubt. Anyway, today we will still implement the original plan, mainly selling high and buying low.
Back to the topic, under the trend of gold, we are mainly bearish, just to prevent the short from going the old way of the previous bull.
Today’s Asian-European market operation first looks at the top 1927-1929, and you can try to short when you reach this range.
SELL1927~1929, SL1934. The target is below 1915.
The European and American market fell to the position of 1908-1906, which can be traded with long orders,
BUY1908~1906, SL1900. Target 1920 above.
XAUUSD: 8/8 Today's Trading StrategyGold yesterday fluctuated and closed down with a small negative line, and the real K line of the daily line was not big. In a narrowing shock. The short-term failed to further extend the rebound at the end of last week. Instead, it was under pressure and fluctuated and closed at a low level. There are signs of weakening in the short term, but it still cannot get out of the unilateral situation. The shock is the front and the trend is the back. The oscillating rhythm of the yin and yang swaps on the daily K-line. According to the 1-hour chart, the trend of gold has been suppressed by the moving average, and the trend is bearish on the market. However, considering that the 1932 line is a support position for the recent trend, and we can see signs of double bottoming in the form, then we are bearish At the same time, it is also necessary to prevent the trend from giving us a wave of rebound, and the current trend is in an important support position of the market. Next, it depends on the situation of the trend breaking position. Combined with the downward movement of the moving average, it indicates that the market is oscillating downward.
The performance of gold yesterday seemed a bit unsatisfactory. The opening of the day showed a correction under pressure, and it fell back slightly to the 1931 line. Although there is not much room for correction, the continuous downward revision will obviously affect the overall market sentiment. In addition, this week’s fundamentals focus on the US CPI data, and the market’s focus has also shifted to whether the Fed has entered an interest rate cut cycle, which means that there may be emotional changes in the market this week, but this needs to be guided by fundamentals, and the confidence of gold bulls will also increase. May need to rely on fundamentals to strengthen.
Gold operation strategy:
SELL: 1944-1946
TP1:1940
TP2:1935
BUY: 1928-1931
TP1:1935
TP2:1941
XAUUSD: 9/8 Gold Today's StrategyWednesday (August 9th) spot gold remained volatile, currently trading around $1,928, the next day spot gold fluctuated downward, fell below the 1930 mark and fell to an intraday low of $1,922.83 in the U.S. session, and the U.S. dollar index climbed across the board European risk-sensitive currencies fell on a worsening global outlook, with gold falling to its lowest level in almost a month, as investors piled into the safe-haven dollar after weak trade data from major Asian nations, while ahead of U.S. inflation data due later in the week , cautious sentiment enveloped the market.
Looking at gold in 4 hours, the stochastic indicator KDJ is temporarily passivated, and the MACD does not have a golden cross, so it is difficult to rise at a large level for the time being; Today's upper pressure continues to focus on yesterday's opening and falling around 1935. The day's anti-drawing relies on this position to continue the main short and then look at the downward continuation. The direction continues to be short, and continues to take advantage of the trend to participate in the short.
Gold operation strategy:
SELL: 1930-1933
TP1:1928
TP2:1923
BUY:1917-1920
TP1:1924
TP2:1930
XAUUSD: 10/8 Today's Trading StrategyThe international gold price rose slightly and is currently around $1918. Yesterday, spot gold turned around after rising to an intraday high of $1932.39, and accelerated its fall below the $1920 mark in the U.S. market, and finally closed down 0.57% at $1914.35. The dollar fell on Wednesday, trading was quiet and stuck in a range, Investors await Thursday's U.S. consumer price report for signs on the direction of the Federal Reserve's monetary policy.
This trading day will usher in the U.S. CPI data for July, which is the focus of the market this week. At the same time, the changes in the number of U.S. jobless claims processed at the same time need to be paid attention to. These data may provide more information for the Fed's monetary policy stance clue. Judging from the 4-hour chart, the stochastic index is passivated and deviates from the bottom, and the MACD double-line dead fork is downward, temporarily controlling the market; in terms of form, the temporary low point has not yet come out; the form is not the form of the bottom, lacks a big positive line, and lacks continuity; Therefore, there is also a lack of reversal signals in 4 hours for the time being. Secondly, structurally, it is running in a descending channel, and the overall position is still controlled by short positions; the support position for top-to-bottom conversion is at the upper and lower positions of 1923.
Today, relying on yesterday's opening and falling of the U.S. market around 1927-28, we will continue to short at a high level. The target below is still focused on breaking the bottom, and the short-term weak short-term boundary line is focused on the 1932 mark. If the position is broken below, continue to pay attention to the low point support on July 10 near 1912.57. The lower track support of the Bollinger Line is currently around 1908.92, and then the integer mark support of 1900. The 200-day moving average support is also near this position.
Gold operation strategy:
SELL: 1923-1926
TP1:1918
TP2:1910
Buy: 1905-1908
TP1:1912
TP2:1918
XAUUSD: 11/8 Today's Trading StrategyOn Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation data , data showed that consumer prices rose slightly, but inflation remained well above the Fed's 2% target; U.S. consumer prices rose slightly in July, consolidating expectations that the Fed's interest rate hike cycle is coming to an end
Yesterday, the price of gold fluctuated in a large range. The market opened at 1914.6 in the morning and the market rose first. In the beginning of the US market, it was affected by the fundamentals and quickly rose. The daily line reached the highest position at 1930.2 and then the market fell under pressure. After reaching the position of 1911.9, the market consolidated. After the daily line finally closed at the position of 1912, the daily line closed in the form of a shooting star with a very long upper shadow line.
Although gold rebounded yesterday with the support of the CPI data, the overall bearish trend finally returned in vain, and it still hit a new low since this round in late trading. No change for now. From a technical point of view, yesterday’s daily line of gold received a Yinxian shooting star, indicating that the short position is corrected, the Bollinger Bands are wide open, the KDJ indicator is about to form a golden cross, the midline fluctuates widely, and the general trend is still upward. Looking at the 4-hour chart, the Bollinger Bands open wide, the KDJ indicator is about to form a golden cross, and the price fluctuates at a low level. On the daily chart, the price of gold fluctuated and fell. The dead cross of the 5-day and 10-day moving averages crossed the middle track of the Bollinger Bands downwards, and formed a short-term suppression on the price of gold. The middle track and the lower track of the Bollinger Bands turned downward, indicating that the short Occupy a short-term advantage and gradually open up the downside space, but the downside time of the lower track of the Bollinger Band is relatively short, which may limit the short-term downside space. In terms of indicators, the dead cross of KDJ and RSI indicators turned slightly upward, indicating that there is a short-term rebound opportunity for gold prices, but the dead cross of MACD indicator diverged and crossed the zero axis, and the short-term technical side has the upper hand. Today, the upper pressure of gold price focuses on 1922 and 1933 US dollars, and the lower support focuses on 1910 and 1900 US dollars.
Gold operation strategy:
SELL: 1920-1923
TP1:1916
TP2:1910
Buy: 1903-1906
TP1:1909
TP2:1918
Mastering Gold Trading: Precise Timing Introduction:
Welcome to a groundbreaking trading opportunity that could revolutionize the way you approach gold trading. In this comprehensive analysis, we're about to delve into the world of W.D. Gann methods and advanced mathematical techniques to unveil timing pivot predictions that offer exceptional insights into the gold market's major reversals. By meticulously analyzing the 15-minute timeframe, we've decoded key patterns to help you anticipate market movements and position yourself for potentially lucrative trades.
Understanding the Method:
At the heart of this analysis lies the revered W.D. Gann methods, a cornerstone of technical analysis, and their symbiotic relationship with advanced mathematics. These methods, which combine price and time analysis, provide us with a unique lens through which to perceive the gold market's hidden rhythms. By scrutinizing historical price data and aligning it with mathematical principles, we've uncovered crucial pivot points that have historically indicated significant market shifts.
The Power of Timing Pivot Predictions:
Imagine knowing exactly when the market is poised to make a major reversal. With our timing pivot predictions, you'll gain the edge you need to plan your trades effectively. These predictions identify specific timeframes when market sentiment and price momentum are likely to undergo substantial transformations. Whether you're a seasoned trader or a newcomer, having this advantage can drastically enhance your trading strategy.
How to Utilize the Predictions:
Our comprehensive analysis is all about translating insights into actionable strategies. We provide clear entry and exit points for your trades, taking the guesswork out of your decision-making process. Our carefully calculated predictions highlight the moments to consider opening a position and, equally importantly, when to close it. By aligning your trades with these timing pivot predictions, you position yourself strategically to potentially maximize profits while minimizing risks.
Trade Idea in Motion:
Let's put theory into practice with a recent real-world example. Based on our analysis, we've identified a compelling trade ideas for the upcoming week. We anticipate major reversals to occur around within the 15-minute timeframe. This are opportunities to consider entering a long/short positions, targeting massive ROI profit margins. Our predictive analysis indicates that the reversal's momentum could extend, making this an excellent chance to ride the market wave.
Risk Management and Beyond:
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Conclusion:
Get ready to elevate your trading game with our precise timing pivot predictions based on W.D. Gann methods and mathematical insights. By understanding the historical patterns and aligning them with mathematical principles, we're offering you a chance to anticipate major reversals like never before. Embrace the power of informed trading decisions, guided by our carefully curated entry and exit points. As you embark on this trading journey armed with cutting-edge analysis, remember that success favors those who dare to take calculated steps into the future of trading.
Disclaimer: Trading involves inherent risks, and while our analysis provides valuable insights, it doesn't guarantee success. Always exercise caution and conduct thorough research before making trading decisions.
The Golden Journey (XAUUSD) Under Pressure The young golden one (XAUUSD) has navigated through a week marked by a prevailing selling trend, inching close to the significant level of $1,900 USD this week. Fundamental pressure primarily stems from the resolute "hawkish" stance of the Federal Reserve (Fed), coupled with the impact of comprehensive economic data that bolsters the Fed's mindset.
In the upcoming week, diligent investors will closely monitor retail sales data from both China and the United States before the release of the Fed's policy meeting minutes for July.
The "hawkish" statements from New York Federal Reserve President Bowman have spurred a recovery in US Treasury bond yields, exerting short-term pressure on gold prices. Bowman emphasizes that the next interest rate hike may be necessary to achieve inflation control goals, along with a note on the tight US labor market, which has influenced this trend. The 10-year US Treasury yield has surged past the 4% mark, significantly impacting gold prices.
On Thursday, the US Bureau of Labor Statistics revealed that US inflation, measured by the Consumer Price Index (CPI), rose to 3.2% in July from 3% in June. This figure is slightly below the market expectation of 3.3%. On a monthly basis, both the overall CPI and core CPI, which excludes food and energy price changes, increased by 0.2%, in line with June data and market expectations.
Reacting to the inflation data a few hours later, San Francisco Federal Reserve Chair Mary Daly stated that she needs to see "inflation abate overall" and supports maintaining stable interest rates. The 10-year US Treasury bond yield remains steady above 4% after these remarks, exerting significant pressure on gold prices.
Over the weekend, the US Bureau of Labor Statistics reported that the Producer Price Index (PPI) for final demand in the US increased by 0.8% compared to the same period last year in July, significantly higher than June's 0.1% growth. This figure slightly exceeded the market expectation of 0.7%, maintaining the strength of the US dollar and continuing to pressure gold prices.
Fundamentally, gold is facing pressure as both the Fed and comprehensive economic data support the US dollar. While the Fed has adopted a more hawkish stance, comprehensive economic data indicates stubborn inflation. This factor skews market sentiment towards the likelihood of the Fed maintaining rates or continuing an extended tightening cycle, leading to a depreciation of gold prices.
According to the CME Group's FedWatch tool, the market still assesses a 90% chance that the Fed will maintain stable interest rates in September, with a 10% chance of a 25 basis point increase.
Technical Analysis for XAUUSD:
On the daily chart, gold is struggling to maintain the $1,910 level, which was the price target for the previous week and also the nearest significant support. The technical trend remains unchanged, with the price channel (a) and subsequently a smaller price channel indicating an ongoing downtrend. As long as gold does not break these trend channels, it lacks the technical conditions to reverse the trend. At the very least, to indicate a reversal on the current chart, gold needs to push price action above the EMA21 moving average.
However, if the $1,910 level is breached, there is potential for a deeper decline, with the first target at the significant $1,900 level and potentially lower around the previous low at approximately $1,892. Nevertheless, the market is not always straightforward, so corrections may still occur. Based on expectations from the $1,910 level, gold may retest the technical level at $1,925 or the 0.618% Fibonacci retracement level, but this won't alter the overall trend.
Key Support and Resistance Zones Impacting Market Path:
Support: $1,910 - $1,900 USD
Resistance: $1,925 - $1.929 USD
Daily Trading Recommendations:
BUY Entry for XAUUSD at $1,910-$1,909
Stop Loss: $1,906
Take Profit 1: $1,915
Take Profit 2: $1,920
Take Profit 3: $1,930
SELL Entry for XAUUSD at $1,926-$1,927
Stop Loss: $1,930
Take Profit 1: $1,920
Take Profit 2: $1,915
Take Profit 3: $1,910
Note: Always set Take Profit (TP) and Stop Loss (SL) during trading for optimal performance.
Stay tuned for gold's movements in the upcoming week and seize every opportunity!
@Tradingchampions Wishing you a successful new week!
Gold scenario for the coming weekThe price moved based on our scenario last week
But it has not yet reached our target of 1,900:
In case of collision with the area between 1885-1903, we should consider the price to return, and in case of a strong return from this area, the resistances between 1926.3-1930.2 and 1918.5-1921.8 are on the way to return.
Note that crossing the support zone with strength can create a new bearish scenario, in which case a new scenario will emerge
#gold #15min
The Gold price update for the coming weekend includes importantGold is now in a bearish trend and will find sell positions for the long term, but the confirmations are most important. Gold is now very close to its Demand zone of 1905–1895, which marked the double bottom on July 6th, 2023.
Gold will give respect to their demand zone, and as per dollar analysis, the dollar will fall. In this case, gold will move some bullish.
The major levels were also marked on the chart with their possible rejections.
Buying zone 1906 to 1896 but if we will find some market structure changes indications like rejection in H1, M30 and Confirmations in M30, H1 also.
The major zones are:
1- 1918.90
2- 1924.88
3- 1931.31
4- 1947.88
You will open buy positions, and your take profit will be at these levels in the short term.
Selling zone was also the major zone marked above if market will give some indications.
The marked levels were also the resistance levels in the H4 time frame.
The possible trading setup is as follows:
Entry Point: 1906-1894
Stop Loss: 1890
Take Profit1: 1918
Take Profit2: 1931
The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
GOLD XAUUSD Technical Analysis and Trade IdeaGOLD XAUUSD Technical Analysis and Trade Idea.
In this video, we take a close look at Gold XAUUSD which is in a clear downtrend. We don't see signs of the trend changing anytime soon, and we explore the possibility of a pullback and look for an optimal entry point. Disclaimer: This content is for educational purposes only and should not be construed as financial advice.