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Latest gold trading analysis At present, gold does not have much profit margin from the form point of view. The 1940-1945 support area below is very strong, and the market is more awaiting the rest of the week's major data releases, the market maintains expectations that the Fed and most central banks are nearing the end of the rate hike cycle, including some recession fears, still providing support to gold prices, and gold prices will continue to adjust sideways around $1950-60 in the short term until the support below is broken Personal Gold Trading Strategy: xauusd:buy@1940-1943 tp1953-1958 Join me for more free accurate trading signals
FX:XAUUSDLong
by UnknownUnicorn58713786
1
XAUUSD: 2/8 gold operation suggestion​​​​Gold layout analysis: This morning, gold opened at the 1950 line, rose as high as 1953, and then began to fluctuate and fall. Gold bulls are currently weak. The trend has changed too much in the short term. On Monday, the shock rose slowly to the 1972 line and began to fall back. The decline continued on Tuesday, with the lowest falling to the 1941 line. The current quotation is fluctuating around the 1946 position. Further declines are expected. Be more cautious in handling. From the hourly chart, gold is still a weak shock, but it is still a bearish shock. According to the trend of the previous two days, it can be seen that the rise and fall during the shock process are all unilateral behaviors, and there is no adjustment form. Friends who haven't entered the market are best to wait and see, don't chase the rise and kill the fall, the wind direction involved is too big to operate. ​Back to the topic, gold is currently in the downward trend of shocks, and the strong support below is at 1940, and it should further attack it in the short term. Today, gold fell back around this position again, and if it does not break below, it can do more at this position again. In terms of operation, the main thing is to sell high and buy low, but this trend will test the individual's understanding of the market, otherwise it will be difficult to make a profit. Suggestions for today's operation: Around SELL1963-1966. Around BUY1941-1938.
OANDA:XAUUSD
by ActuaryJ
XAUUSD Kijun-Sen Supported LongDear Ziilllaatraders, Gold tends to exhibit a bullish trend when the Dollar weakens in response to lower inflation numbers. What we saw now of the dollar was a retest upward. As inflation declines, it diminishes the purchasing power of the Dollar, leading to a potential depreciation relative to other currencies. This depreciation prompts investors to seek alternative safe-haven assets like gold, driving up its demand and consequently causing its price to surge. In addition to the impact of a weaker Dollar on gold's bullish outlook, technical analysis using the Ichimoku strategy reveals further support for an upward move in the gold chart. The Kijun-sen, a key component of the Ichimoku Cloud, acts as a significant indicator in this context. The Kijun-sen represents the midpoint of the high and low prices over a specific period, often the past 26 periods, and its position on the chart provides crucial insights. When the gold chart shows support from the Kijun-sen, it implies that the price of gold is currently hovering around this crucial level. In the context of the Ichimoku strategy, this means that the market is in a state of equilibrium, where the forces of supply and demand are relatively balanced at this point. As the gold price hovers near the Kijun-sen level, it suggests a potential period of consolidation or sideways movement. However, this should not be mistaken for a bearish signal. In fact, in the Ichimoku strategy, the Kijun-sen is also considered a support level. As long as the price remains above the Kijun-sen, it signifies that the underlying bullish sentiment remains intact. When the market finds support at the Kijun-sen, it acts as a springboard for a potential upward move. Traders and investors observe this level to gauge potential buying opportunities. As the demand for gold increases due to the Dollar's depreciation caused by lower inflation numbers, the support from the Kijun-sen further strengthens the conviction that the gold price is likely to move higher. In summary, when the Dollar weakens due to lower inflation numbers, gold tends to become bullish as investors seek a safe-haven asset. Technical analysis using the Ichimoku strategy confirms this bullish sentiment, as the gold chart shows support from the Kijun-sen. This support level indicates a state of equilibrium and serves as a platform for a potential upward move in the gold price, reinforcing the positive outlook for the precious metal in the market. Greetings, Ziilllaatrades
OANDA:XAUUSDLong
by ZILATRADES
100% profitable gold tradingToday we achieved a comprehensive victory in gold trading We shorted gold in the 1970-72 area yesterday, including chasing gold all the way down during the decline today, and achieved very good returns.Gold has been falling all the way today, and the bulls have no ability to resist, and every time gold rises during the decline is an opportunity to short gold. I clearly pointed out in the article yesterday, Although gold has rebounded in the short term, it is not enough to reverse the short trend. I have warned you many times today not to open positions and go long on gold. At present, the warning to everyone is obviously correct.According to the current structure, gold will definitely test the support of the 1940-38 area, and may even pierce the 1940 position. So when gold hits the 1940-35 area for the first time, you can try to do long gold in small batches, and stable friends can wait for gold to rebound to around 1960 to short gold again. Every day, I make more detailed trading plans and trading signals based on the real-time market situation, which is also the testimony of every successful transaction and profit of mine. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
XAUUSDHello traders ,what do you think about GOLD? Last week, gold failed to break the important resistance in the 1985 zone. In this week, NFP data can be the main driver for gold to break the resistance in the 1985 zone or break the support in the 1938 zone .But before that and at the beginning of the week, we expect it to fall to the specified level with a corrective movement and upon reaching the specified resistance zone. If this post was useful to you, do not forget to like and comment.❤️
OANDA:XAUUSDShort
by HAMED_AZ
46
100% profit by shorting gold after a rallyThe trading signal I announced to you today: Xauusd: @1970-72 Sell, TP: 1955 Although gold is currently in a strong rebound trend in the short term, it is clear that the 1970-72 area still has strong resistance in the short term, so the current rebound trend of gold is difficult to continue.In the process of rebounding, it is very easy to have a trend of falling after rushing high. Therefore, from the current structure, although gold has rebounded in the short term, it is not enough to reverse the short trend for the time being. Therefore, after gold rebounds, there will be very good trading opportunities to short gold. So what we have to do now is to boldly short gold in the 1970-72 area. Every day, I make more detailed trading plans and trading signals based on the real-time market situation, which is also the testimony of every successful transaction and profit of mine. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
XAUUSD: 1/8 Gold Trading StrategyIn the past few days, focus on whether it can break through last week's low of 1942-1940 again. Only by breaking down can it fall back further. On the contrary, if it stands firm and continues to recover the lost ground, it will be a market with wide fluctuations and gaining momentum. The upper resistance is at 1980. In the short-term, there is a high probability that there will be a wide range of shocks at the beginning of the week. It is expected to last until Thursday. It is currently in a wide range between 1983-1942, and today's opening position is around 1965. There is a certain distance from the upward resistance level. The probability of breaking the position is slightly small, and the market continues to see the see-saw of shocks in the range. SELL:1973-1978 TP1:1968 TP2:1960 BUY:1955-1960 TP1:1965 TP2:1970
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold trading next week Last week, all the free signals provided to you are all profitable, if you have followed my team signals, you can also follow me to easily get profits, last brother trading day last week, gold rose to adjust to around 1960 oscillation, at the same time, gold's daily and weekly support levels are around 1945, tomorrow is also the last trading day of the month, first look at the strength of pressure around 1968, next week there are many important data releases, may continue this kind of large-level range shock, Here are two trading strategies for reference Gold Trading Strategies: xauusd:sell@1970-1975 tp1960-1955 xauusd:buy@1940-1945 tp1955-1960 Join me for more free accurate trading signals
FX:XAUUSDShort
by UnknownUnicorn58713786
gold is an investment opportunityHi, according to my analysis of the gold market. There is a long-term investment opportunity, and the market has reached an important stage. We notice that the price has reached the lower side of the descending channel, which is a strong support. There is also a retest of the downtrend as shown in the analysis. The most important thing is the strong correction on the Fibonacci golden ratio of 61%. In the end, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
OANDA:XAUUSDLong
by inv_market09
6
Gold -> Wait For This Daily Setup!Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 After the simply monthly break and retest and also a retest of the 0.382 monthly fibonacci retracement Gold perfectly created the bullish continuation towards the upside. With the recent break and retest of a major previous weekly structure zone, in confluence with bullish moving averages, I simply do expect more growth on Gold over the next couple of weeks. My last analysis on Gold - linked below - perfectly played out once again and I am now just waiting for a clear breakout of the bullflag and a break above resistance and then also the path on the daily timeframe is clear fore more upside. Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈 Thank you for watching and I will see you tomorrow! My previous analysis of this asset:
FXOPEN:XAUUSDLong
by basictradingtv
50
Huge country Gold buyer slows down purchases. It has come to our attention that Kazakhstan has significantly slowed down its buying of Gold, which may affect the overall demand and supply dynamics. As you may be aware, Kazakhstan has been a critical player in the global gold market, representing approximately 25% of the recent demand for this precious metal. However, the country has decided to reduce its gold purchases due to various economic factors and changing priorities. While this decision is specific to Kazakhstan, it is essential to recognize that it could have broader implications for the gold market as a whole. In light of this development, traders must closely monitor market trends and adjust their strategies accordingly. The reduced demand from Kazakhstan may lead to a temporary slowdown in the gold market, potentially affecting prices and trading volumes. Therefore, exercising caution and considering the potential impact on your trading decisions is advisable. We encourage you to stay informed about the latest updates and market trends related to Kazakhstan's gold purchases. This will enable you to make well-informed decisions and adapt your trading strategies. Additionally, it is essential to diversify your portfolio and explore other investment opportunities to mitigate potential risks associated with this change in demand. In conclusion, the recent slowdown in Kazakhstan's purchase of Gold is a significant development that warrants careful attention. As traders, we must stay vigilant, keep track of market trends, and adapt our strategies accordingly. By doing so, we can navigate through these changes and seize potential opportunities that may arise. We encourage you to stay updated on the latest market trends and explore alternative investment opportunities to navigate through the potential impact of Kazakhstan's reduced gold purchases. Stay informed, diversify your portfolio, and adapt your trading strategies accordingly.
OANDA:XAUUSDShort
by bryandowningqln