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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