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XAUUSD: Important data will be released next week On Friday (March 10th), the US Bureau of Labor Statistics released data showing that the US added 311,000 non-farm jobs in February, lower than the revised previous value of 504,000, but much higher than the expected 205,000. The unemployment rate in February rose to 3.6%, higher than the expected and previous value of 3.4%. The average hourly earnings in February increased by 4.62% YoY, lower than the expected 4.7% but higher than the previous value of 4.40%. Although the February non-farm job growth was much higher than expected, the rising unemployment rate and slowing wage growth have tempered the market's expectations of a 50 basis point rate hike at the March Fed meeting. Meanwhile, the market's pricing of terminal Fed rates has dropped sharply, and expectations of a rate cut by the end of the year have resurfaced. As the market cools on the Fed's rate hike expectations, the US dollar index fell 0.61% to 104.64 on Friday, 2-year and 10-year US Treasury yields plummeted by 28 basis points to 4.59% and 21 basis points to 3.70%, respectively, and gold prices surged nearly $40 to $1,867 per ounce after a sharp drop of $33 on Tuesday. Overall, the February non-farm report still shows that the US labor market remains strong, but some data is beginning to show signs of cooling. Against the backdrop of high interest rates in over 40 years, the market has reacted very sensitively, with expectations of Fed rate prospects quickly weakening, the US dollar and US Treasury yields plummeting, and driving gold prices soaring. The short-term direction of gold prices still depends on the US economic data situation. The US February CPI report, to be released next Tuesday (March 14th), is particularly important. If core inflation or detailed data shows signs of a decline in inflation, it may push the US dollar and US Treasury yields further lower, thereby boosting gold prices. If the data continues to show sticky inflation, the US dollar and US Treasury yields may not decline as quickly, which could put some pressure on the rise in gold prices. Due to the release of non-farm job data and the unemployment rate on Friday, XAUUSD surged significantly, breaking through the key resistance level of 1857, and the overall trend is leaning towards bullish. However, whether it can successfully stabilize still requires further waiting for data releases. Currently, there is a need for a technical correction in the market, so do not be overly bullish. I will continue to monitor the release of CPI data and provide specific operational strategies at that time. Please stay tuned.
FX:XAUUSDShort
by FlashTrades_
The trend of gold alternates between long and short, and the non Emotionless; no preset position; strict stop loss and win win; absolute discipline; capital and risk control; the market will tell you how to operate, and will not leave you behind. Earn unknowingly and unknowingly benefits. After the sharp fall of gold, there is a V-shaped reversal, and the market sentiment is chaotic. At present, it can only be said that the impact of the Fed’s interest rate hike is expected to be limited, otherwise the decline cannot be stopped abruptly. Today is another heavy non-farm payroll, waiting for the market s Choice. For gold operation, it is recommended to buy at 1827 in the short term, risk control at 1823, and the target is 1836~1840. Gold sees a rebound for several reasons: 1. The V-shaped reversal of gold yesterday, the market once again fell into a range-bound trend. At present, there is still room for the short-term to take advantage of the trend, but at night, we need to wait for the final decision on non-agricultural issues. 2. According to my personal analysis, whether the second wave C has started, or whether the rebound of the second wave B has not yet completed, the above two questions need to wait for today's data to determine. 3. The intraday pressure is 1840~1847, and the support is 1829~1826. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
FXOPEN:XAUUSDLong
by Crazylambboy
Non-farm payrolls data is about to bearish the gold market!Today, the U.S. February quarter-adjusted non-farm payrolls data will be released. Everyone knows that this data will play a key role in the gold market, because the performance of non-farm payrolls will directly affect the fundamental sentiment, which will determine the direction of the gold market in a short period of time.Does the non-farm payrolls data to be released today benefit the gold market or suppress the gold market?Let us make a bold prediction. On Wednesday, the announced value of ADP employment in the United States in February was 242,000, the previous value was 119,000, and the forecast value was 200,000, while the actual announced value of 242,000 was much higher than the previous value and the forecast value. To a certain extent, it shows that the U.S. economy is strong and supports the dollar, thereby suppressing the gold market. On Tuesday, Fed Chairman Powell's hawkish speech suppressed the gold market. However, after Fed Chairman Powell mentioned on Wednesday that the rate of interest rate increases in March depends on the data, the number of initial jobless claims in the United States released on Thursday was 210,000, higher than the previous value of 190,000 and the forecast value of 195,000, reflecting that the tight job market in the United States has still not eased, causing the market's expectations of the Federal Reserve raising interest rates by 50 basis points in March to cool down, US bond yields fell sharply, and the dollar was dragged down, which benefited the gold market. And today's non-farm payrolls data show that the market expects the number of new jobs to be 205,000, compared with the previous value of 517,000. Judging from the ADP data guidance, the non-farm payrolls data show that the market expects the number of new jobs to be higher than the expected value of 205,000, and the number of initial jobless claims in February remained at a comparable level. Although the number of people applying for unemployment benefits at the beginning of the week was as high as 210,000, overall, the number of new jobs in the month will not have much impact, so I think the non-farm payrolls released today will be higher than the expectation of 205,000, thereby suppressing the gold market. It should also be noted that the position of SPDR, the world's largest gold ETF, decreased by 3.47 tons to 903.15 tons on Thursday, a new low since the end of January 2020, suggesting that institutional and professional investors are still inclined to bearish the gold market. It can also be seen from the trend of gold. Although gold has recorded a strong rise in the short term, the strong pressure above still exists. Therefore, the early rise of gold is most likely to be to prepare for non-farm payrolls data and reserve room for the decline of the gold market.Then everyone thinks that the non-farm payrolls data to be released today will benefit the gold market or suppress the gold market?Everyone is welcome to come and discuss. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDEducation
by Blessed_V
3
Gold still has downside potential.Do not be deluded into thinking that every transaction will be perfect. Profits and losses need to be balanced, gains and losses need to be felt. Investing in the market is like traveling, always in a hurry, with so much confusion and hesitation. Only by calming down can we dispel the clouds that obscure our vision and quietly enjoy a cup of tea, and only then will we discover that many opportunities are right in front of us. Yesterday, the gold price rebounded and briefly approached $1828.70 per ounce before falling back and returning to a corrective bearish trend. As shown in the chart, the gold price fluctuates within the bearish channel, and is currently waiting for the price to drop to the next target of $1788.20 per ounce. From the 4-hour chart, the 50-period exponential moving average (EMA) has formed bearish pressure, which supports the expected downward trend of the gold price. If the price falls below $1788.20 per ounce, the next target for the gold price is $1747.70 per ounce. On the other hand, we should point out that if the gold price rebounds and breaks through $1828.70 per ounce and $1843.70 per ounce, this will stop the bearish trend and push the gold price to start a recovery attempt, with the first test being in the $1878.80 per ounce area. Currently, the short-term expected trend for the gold price is bearish. The market is constantly changing, so it is important to stay informed. You can click the rocket to stay updated on any developments.
OANDA:XAUUSDShort
by Navigation-h
Can gold still rally? In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability. After Powell's speech, gold continued its downward trend and hit a one-week low around $1809. The question of whether it will continue to rise is a concern for many traders. I think there is an opportunity. First, the 50-basis-point rate hike in March is not set in stone. It is just a change in expectations. As Powell said, we need to pay attention to data, especially this Friday's non-farm payroll report. If employment data is weak on Friday, it does not support the Fed's continued high-intensity rate hikes. At that time, the expectation of a 50-basis-point rate hike will also cool down, and the gold price will rise accordingly. Secondly, from a medium to long-term perspective, I am still optimistic, because after multiple 50-basis-point rate hikes, the Fed's terminal interest rate is relatively high now, and it should be difficult to continue to raise rates by 50 basis points. Therefore, the big cycle will gradually slow down the rate hikes. Overall, I think there is no need to be too pessimistic. Short-term adjustments will only make subsequent rebounds more powerful. There are many events this week, and the probability of continued volatility is high. It is expected that gold will begin to rebound next week. For short-term trading strategies this week, we should first look at the support level of $1809 below, with the first target level of $1845 and the second target level of $1860. I will update the article with detailed price levels and trading directions based on the market situation. I also welcome everyone to express their opinions. Follow me to make trading simpler! FXOPEN:XAUUSD TVC:GOLD COMEX:GC1!
FXOPEN:XAUUSDLong
by Ice_and_Fire1
1
GOLD: Two possibilities for a declineTolerance is not weakness or submission, but rather the ability to understand others' difficulties, make up for their shortcomings, promote their strengths, and forgive their mistakes without jealousy, belittlement, mockery, or blame. Tolerance is about affirming oneself while recognizing others, and it is a state of treating life and others with kindness. Behind tolerance lies love and strength. Tolerance is the highest level of cultivation in life. Yesterday, Powell's speech directly increased the probability of a 50 basis points rate hike by the US Federal Reserve in March to a high probability event. This result should not come as a surprise to anyone. I gave analysis and predictions last Sunday and yesterday, both of which were correct in predicting the main direction. (Here is the specific analysis from last Sunday and this Tuesday. If you haven't seen it, you can click on the image for specific strategies.) Taking the hourly chart of gold as an example, after a sharp drop (or rise) in a single day, two common patterns are: 1. A certain proportion of rebound and then a significant new low 2. A small rebound directly leads to a new low, then a significant rebound, and finally a new low again. These are analysis perspectives. When it comes to trading, at the beginning, we will inevitably have the illusion of seizing the rebound space of 30 points first and then shorting it again at the high point. However, in the long run, this is not cost-effective. If we get it right, we can seize the rebound of 30 points. If we get it wrong, we may have a loss of 60 points directly with a new low. In the process, you may also increase your position, which will make the rhythm very messy. Therefore, from the perspective of correct trading, regardless of whether the final trend is to rebound first and then hit a new low or hit a new low first and then rebound, we need to enter the market at a certain height of rebound, requiring more patience and psychological expectation. Specifically, it means waiting for a rebound to around 1830 to short. In short, the current market direction is not clear enough, and we should wait and observe rather than take uncertain actions. We come to the market to make money, not to gamble, so we must have patience and self-control. Finally: If you agree with this point of view, please click the rocket to express your support. Your support is the motivation for my persistence, thank you everyone! COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
9
Gold: Trading like this today can lead to profits On the road to success, whether you take big strides or make small progress every day, as long as you persist, every step counts, and every drop of sweat is not in vain. Please believe that as long as you keep moving forward steadfastly, your goals will get closer and closer to you. Yesterday, gold was under pressure and oscillated within the range of 1809-1823, without breaking through the resistance of 1823-1825. In terms of trading, we completed three profit-taking transactions yesterday. As of now, the market is still oscillating around 1814, very similar to yesterday. Additionally, today is Thursday and the non-farm payroll data will be released tomorrow. It is highly likely that the market will continue to fluctuate within this range today, waiting for the impact of the data. Therefore, today we will focus on the support level of 1804-1809 and the resistance range of 1821-1825. Specific trading strategies: Buy near 1808-1813, take profit at 1820-1823 Sell short near 1823-1828, take profit at 1814-1809 If the market breaks through the resistance level of 1825 today, the target will be around 1831. If it falls below 1804, the target will be around 1800-1796 and 1785. I will continue to track market trends and share trading strategies in real time. Thank you for your attention and support. If you have any questions, please leave a message in the comments section. I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem! Wishing you a pleasant day!
FX:XAUUSDLong
by triumphing
1
What is the ultimate level of stop-loss in trading? For trading in stocks, futures, or forex, stop loss is a part of the trade. It only works effectively for investors if it is included and adhered to in every transaction. As we all know, stock investment requires three basic skills: stock selection, stop loss techniques, and profit-taking strategies. However, many investors do not pay enough attention to stop loss and profit-taking techniques, and ultimately regret not setting stop loss and profit-taking points. Today, we will introduce the highest level of stop loss techniques. First, the comprehensive stop loss method is the highest level of stop loss for stock investment. Therefore, when setting the stop loss point, the overall situation must be taken into account. There is no stop loss method that exists separately from the investor's overall operation. If the stock market develops beyond the investor's ability, it means that the stop loss measures must be implemented. Second, the highest level of stop loss is in the heart of the investor. When selling stocks, investors should not only rely on their eyes but also observe and analyze with their hearts. Many stock investors only believe in what they see when selling stocks. As a result, they often miss the selling opportunity when they finally realize the situation. Third, the stop loss method based on consolidation time. If an investor buys a stock with a heavy position, but the stock price does not rise much after buying, and it starts to move sideways after a period of time, it is important to note that if the consolidation time is too long, it means that the main force cannot use funds to boost the stock price. Fourth, stop loss based on real-time trends. If the main force of a stock has been washing the stock for some time and still has not controlled the stock when it is time to do so, it means that the main force has no intention of raising the stock price, and the future outlook is pessimistic. At this time, investors should take timely stop loss measures, otherwise, they will end up suffering losses. Fifth, stop loss based on trading volume. If an investor encounters a stock that is severely oversold, and many investors are trapped at a higher price, it is time to sell the stock. However, sometimes, observing the daily k-line chart, it is found that there has been a huge increase in trading volume in recent days. Note that this is a trap set by the main force to lure retail investors. In summary, the above is the relevant knowledge about stop loss techniques that we introduce to stock investors, hoping to help our friends in the investment field. FXOPEN:XAUUSD MCX:CRUDEOIL1! FX:EURUSD
TVC:GOLDEducation
by Ice_and_Fire1
GOLD: Bullish Trend Nearing End, Be Cautious of Bull Traps Next I am not God, not worthy of everyone's possession, and I am definitely not the US dollar, nor do I intend to let everyone have it. Aging is a compulsory course in life, while becoming mature is just an elective. When everyone is low-key, I choose to be high-profile, but I will never go off key. The road of investment is definitely not one-way, if one road doesn't work, you can learn to turn. Time passes day by day, never forget the original intention of coming to the market on the first day. We are not here to find a wife, not to fall in love with the market, and do not treat Janet Yellen's words as a judge. We came here for profit and interests, and while some may drop out or go astray, the amount of profit earned is definitely related to the success rate of followers standing with the team. Whether you find a good team or a bad group depends on whether you treat investment as a career leader or as a leader of bad things. People are products of their environment, things are classified, and people are grouped. It is understandable to not catch it the first time, but if you fail to catch it two or three times, you should reflect. If you catch the wolf's tail every time, you may lose your life because of it. At the beginning of this week, amid a significant increase in the US dollar index, non-US currencies as well as gold and silver hit their lows. Gold hit a low point at 1804 on Tuesday of this week and bounced back, with the highest closing price reaching around 1856 by Friday. The rebound was exactly $50. Technical analysis: GOLD daily chart Based on the Fibonacci retracement of the drop from 1959 to 1804, the 38.2% level is near 1863, and the 60-day moving average is around 1855. The 1863 level is also a resistance point, indicating that there is resistance in the 1855-1860 range. Once the 38.2% level is broken, the price may reach the 30-day moving average at 1870. In this situation, it is not recommended to pursue long positions. GOLD is likely in a tail-end trend, and it may fall back after a day of increase next week or even directly. GOLD 4-hour chart From the 4-hour chart, 1804 is clearly a wave of AB=CD trend. I have also drawn the final 100% target position of 1870, which is symmetrical to the analysis of the 60-day moving average position on the daily chart. In addition, the 61.8% resistance level is currently at 1855, which is also the reason for the caution in pursuing long positions. operating strategy Next week, it is recommended to sell short on rallies, and aggressive traders can enter the market at 1855-1863, while conservative traders can wait for 1870 to enter the market and sell short. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
16
The Fed strengthened interest rate hikes, and gold fell to the g As long as we have the idea of making achievements, it is never too late, because 'success is not inversely proportional to age. 'There are many examples of this in life. As long as we have a starting point, time will always give us a reasonable explanation. The Fed Chairman’s tough speech ended the short-term rebound of gold. The next rate hike of 50 basis points and the possibility of continuous rate hikes in the later period made the market panic. Yesterday’s sharp drop in gold destroyed the rebound pattern. Now it seems that it will test the previous low. For gold operation, it is recommended to sell at 1818.50, risk control at 1822.50, and the target is 1810~1804~1786. Gold is bearish for several reasons: 1. The golden overcast appeared yesterday, and the bearish sentiment has not yet been fully released. 2. According to my personal analysis, Wave 2 C is currently on the way, and the low point in the previous period may not be guaranteed. Later, I will consider the support of the first round of rise in the previous period. 3. The intraday pressure is 1818~1823, and the support is 1804~1786. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
OANDA:XAUUSDShort
by Crazylambboy
3
How to grasp the impact of news on GOLD? Here we will use the United States as an example since it is a major world economy with significant influence and weight. Point 1: Release of important data For instance, the release of US non-farm payroll (NFP), employment data (ADP), initial jobless claims, CPI, GDP, PMI, etc. all have varying degrees of impact on the price of gold. Often, the release of this important data will trigger fluctuations in gold prices. Generally speaking, when the US dollar rises, gold falls, and when the US dollar falls, gold rises. However, there may be synchronous situations, which are very rare. If this occurs, investors need to analyze and consider it carefully. For instance, the weakness of the US dollar often pushes up the price of gold, as the decline in the US dollar can allow investors who use non-US currencies as their base currency to buy cheaper gold with other currencies. It can also stimulate demand for gold, especially in the consumption of gold jewelry. Point 2: Speeches by some important officials For example, speeches by well-known officials such as those from the Federal Reserve and the US Treasury. Undoubtedly, speeches by officials from different countries are a significant factor influencing the trend of gold prices, but the impact of officials' positions, identities, and the content of their speeches on the gold market varies in magnitude. The above two points are a few of the news contents that have a significant impact on the price of gold. In addition, other economic data in the United States should also be noted as they all mutually influence and relate to each other. COMEX:GC1! BIST:XAUUSD1! MCX:GOLD1!
FX:XAUUSDEducation
by investmentMr-X
How to achieve stable and sustained profits. How to grasp the trend in this market? It is to follow the trend. When the trend comes, the invisible force is pushing you forward. To gain profit and income in the gold and foreign exchange markets, this is particularly important. What is the secret to making profits? The answer is simple and also the most overlooked and precious thing that is free, just like the air we breathe and the sunshine. What is the secret to making money? In fact, it is simple. Throw away all the news and fundamentals, return to rationality, and independently analyze and follow the trend. Trading is a trial-and-error process! In the continuous occurrence of errors, the main problem faced is the shrinking of funds and psychological torment. A trader must reduce the probability of making mistakes because your profit comes from other people's losses. That is to say, when someone makes a mistake, there will be profits for others to earn in the market. However, you cannot calculate or predict how many people will make mistakes in the next step, how big the mistakes will be, nor can you guarantee that you will always be on the correct side. Therefore, in trading, the only thing you can do is to try to make the time of your mistakes as short as possible. The rest is to wait for others to make mistakes, let's work hard together! In trading, we may have short-term profit goals, but long-term goals are based on short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve stable and sustained profits. Pay attention to me and make trading simpler.
TVC:GOLDEducation
by Ice_and_Fire1
The Seven Major Factors Affecting Gold.Firstly, the demand for gold commodities affects the price. In addition to its use as a daily decorative item, gold plays an important role in industry, occupying an irreplaceable position in industries such as dentistry, electronics, and others. As a hedge tool, the price of gold is influenced by demand, and the supply and demand relationship directly affects the price of gold. Changes in production will also affect the gold price, such as the demand for teeth in Japan and the demand for jewelry in India, both of which directly affect the monthly price trend of gold each year. Secondly, the gold output determines the supply-demand balance of gold. The production of gold-producing countries directly affects the supply-demand balance of gold. Currently, China has the largest gold production, followed by South Africa. Any unexpected event, such as strikes and other special situations, will have an impact on the gold price. Thirdly, international interest rates and exchange rates directly affect the gold price. Interest rates and exchange rates have a direct impact on the gold price, especially the trend of the US dollar. The international status of the US gold price directly determines the status of the country's international finance, and the price of the US dollar also directly affects the price of gold. As the US dollar, which also has investment functions like gold, it directly affects the gold price. If the investment trend of the US dollar is strong, gold investment will be relatively less, while the opposite is true for the US dollar in a weak investment market, where the role of gold as a reserve asset and a hedge will be stronger. Fourthly, inflation stimulates the gold price. When the consumer price index rises and inflation affects investments, gold is no exception. When the price fluctuation of a country is severe, and the inflation rate is high, and the price fluctuation is severe, people's panic will intensify. When purchasing power declines, people will worry about future security and choose to buy gold to hedge, which will cause the gold price to continue to rise. Although the current role of gold in fighting inflation is not as significant as before, high inflation will still stimulate the gold price. Fifthly, political situations such as wars can stimulate the gold price. Political instability promotes the rise of the gold price, and war causes a rise in commodity prices, leading to a rise in gold prices. Similarly, as a critical strategic material, the price of gold has a remarkable correlation with the price of oil. When the price of oil rises, the gold price rises as well. Conversely, when the price of oil falls, the gold price also falls. Sixth, as a safe-haven demand, gold is the first choice Due to the small total reserves, the price of gold is relatively stable, and because it has served as a currency, it is an excellent tool for hedging and hedging. As an important hedging tool, gold has strong political sensitivity. Jewelry in prosperous times, gold in troubled times, when the economy is in recession, investment will favor gold more, and it will also directly affect the price of gold. 7. Investors’ psychological expectations The psychological expectations of investors are an important factor affecting the price of gold, but they usually do not act alone. Instead, they often change in conjunction with the variations in the aforementioned factors, amplifying or reducing the expected value of gold and causing significant differences in its price. Following the footsteps of the market, respecting the market, and aweing the market is to follow the market Pay attention to me and you will discover that trading is so simple and enjoyable!
FXOPEN:XAUUSDEducation
by Ice_and_Fire1
The current price of gold is 1840, and the target 1860 We have to take a balanced view of investment and life. People who always live in the past are bad, because they have been escaping. We should not live in beautiful memories, because memories are what you have lost. Those who really know life will only miss the past and never deceive themselves. Spot gold is currently on the 1840 line. The Federal Reserve Eagle Pestik said that slow and steadily will be the right action path, explaining the reason for the Federal Reserve to adhere to the reasons for the "steady" interest rate hikes in each meeting in the future, which alleviates Some investors are concerned about the pace of the Federal Reserve's expansion of interest rate hikes. This trading day will usher in the United States in February ISM non -manufacturing PMI data. The market is expected to be 54.5 and 55.2 in January. In addition, investors need to pay attention to the speech by the Dallas Fed Chairman Logan, the Federal Reserve Director Bowman and Rockmond Fed Chairman Barkin. These officials may strengthen the expectations of only 25 basis points in March, which is inclined to favorable gold prices Golden Daily levels have formed a golden fork on the 5th and 10th moving average, and the MACD fast line has also formed a golden fork. It has always been emphasized that as long as the daily moving average and MACD dual golden fork form gold, there must be a wave of pension. It is recommended that everyone fully lay out more orders for multiple orders. We wait and see! In the early 1808 and 1809 and 1813, the long -term multi -order continued to hold positions, waiting for gold violence to rise! I will share my strategy every day, and I will discuss the wealth password with you. FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
3
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on. -Trade Setup will only be valid if we have good rejection to ‘red marked area’. -If price comes to area range enter with 50-60 stop loss. -First target 100 pips once achieved close 50%. -Do not enter earlier with bigger stop loss. -Trade smart and wise.|| Good luck and Trade safe. Remember, Patience Pays.
OANDA:XAUUSDShort
by Setupsfx_
24
Gold 1830 is more direct, the US market is bullish The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend Do it when the trend comes, don't go against it Gold is more than 1830, stop loss 1822, target 1845-1850 I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more OANDA:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
Gold is under short-term pressure and may usher in a wave of adj Gold continued to rise yesterday, and it is now approaching the high point area of the previous platform. If it cannot break through quickly here, it will fall into the consolidation stage again in the short term. Therefore, today we mainly look at the trend of shocks and pullbacks from high levels. For gold operation, it is recommended to sell at 1840, risk control at 1844, and the target is 1830~1825. If it does not rebound, it will fall directly to around 1829, and do a long short-term. Gold sees adjustments for several reasons: 1. Gold has entered the pressure zone formed by the golden section of the previous high point, and there may be a downward trend if it is under pressure. 2. The intraday pressure is 1844~1847, and the support is 1830~1825. My friends are welcome to discuss in depth and leave your valuable suggestions. I will give my analysis and suggestions every day. COMEX:GC1!
FOREXCOM:XAUUSDLong
by Crazylambboy