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XAUUSD: 16/8 Gold Trading StrategyDXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896 yesterday. The oscillating movement of one step at a time seems to be weak, but it has not yet penetrated the low of 1893. A blunt shock fell, accompanied by a low rebound, and the daily line still harvested a small Yin K line. Since the daily chart was under pressure from the high point of 1987, there has been a wave of unilateral weak declines, directly giving up room for rebound. As it approaches the thousand-track mark and the low point of 1893, the short-term began to enter into repeated see-saw. It seems to be weak, but the strength of unilateral breakout is lacking, one low point and one reverse draw, whether it is brewing breakout or a steady recovery remains to be confirmed. The 4-hour chart is weak and downcast with a rebound correction. The low level was still recovered in the late trading yesterday. The short-term quickly reversed the pressure on the middle rail 1911 line and then retreated to the 1900 mark. Repeatedly testing around the low point. It needs to be further confirmed in combination with the form whether it is poised to break down during the consolidation or to start a steady recovery. At present, it is repeatedly approaching the low point, but it lacks a certain strength to break the position. The short-term changes in the tug-of-war. From the perspective of the downward trend of the small-cycle step, as long as the short-term does not regain 1916, the short-term bearish thinking will be maintained for the time being. ​​​​​​​​Gold operation strategy: SELL: 1912-1916 TP1:1908 TP2:1902 BUY:1898-1902 TP1:1906 TP2:1910
OANDA:XAUUSD
by ActuaryJ
GOLD: Gold price assessment after FOMC!Despite the recent increase, the price of Gold continues to be influenced by bearish technical indicators. There is a strong downward trend, with the immediate support level being at 1,890 - the lowest in five months. If this level is broken, there is further support at 1,886 which was last seen on March 15th. Should prices decline even further, they will likely test levels below the static support of 1,870. Gold price is coming up for some air after the relentless three-day decline, fuelled by a broadly firmer US Dollar amid an increased flight to safety and economic resilience showcased by the recent US economic statistics.
TVC:GOLDShort
by Sphyn-Trader
1
Gold: The current price of falling points is more! Gold once again broke new lows, but the decline shows signs of exhaustion, which means that this decline has come to an end for the time being, and the market will start a wave of rebound. The current price of 1911 in early trading is directly higher, and the rebound will rise first! From the perspective of the trend of gold, the daily line has fallen to the previous low, which is also close to the support position of the 200-day moving average, and the weekly line has fallen back to the lower track of Bollinger! The greater the support position of the large cycle, the greater the possibility of an inflection point! On the hourly chart, although gold fell again yesterday, the macd deviated and the decline failed. Today's market has a rebound demand, and the pressure above is 1925! Look at the rebound first, and then decide whether to short according to the trend after touching the pressure! Gold is more than 1914, stop loss is 1907, and stop profit is 1925.
FX:XAUUSDLong
by Dylan-Jones
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
OANDA:XAUUSD
by ActuaryJ
Gold: a strategic move The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions! Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish! Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
FX:XAUUSDLong
by Dylan-Jones
Gold trend analysis It was another full day of shocks. The price of gold jumped repeatedly between 1930 and 1935. Although the hourly line kept refreshing lows within the day, the support at the low point of 1925 was still very strong. In terms of form, gold continued to maintain The trend of shock adjustment. Relying on the support of 1925 to continue to be bullish Trading Signals: BUY1925-1928 tp1932-1935 Share free trading signals every day, if you need, please join me
OANDA:XAUUSDLong
by Tony_barry
Gold: In the first line of 1931, it was found that there were fu After gold completed a wave of rebound and repairs in the trend, the K-line continued to be under pressure on the short-term moving average, and the daily trend continued to maintain a slightly weaker trend. The current price is temporarily supported in the 1930 area. The 4-hour trend is temporarily maintained in a low and narrow range. The current price is temporarily running near the previous support band, but there is basically no rebound. The K-line on the hourly trend has begun to gradually come under pressure, and the short-term moving average may still fall back to a certain extent in the short-term trend. Operational suggestions: enter around 1931, take profit at 1939.3, target 1930-40 real-time market guidance.
FX:XAUUSDLong
by Dylan-Jones
XAUUSD: 7/8 Gold Trading StrategyGold trend analysis It can also be seen on the daily line that this callback has touched the support of the Bollinger lower track on the daily line, which is an undoubted turning point of the market! Then go all out to do more this week! In 4 hours, there is still a need for adjustment at the bottom of gold, but the callback is an opportunity to go long. After the rise on Friday, the callback low was 1937, which was the previous pressure position. After breaking through, it became a support. For further resistance, refer to the position near the 21-day moving average of 1952.70 And the 1960 mark, the strong resistance is around the 100-day moving average of 1968.68. If this position can be regained, it will increase the bullish signal for the market outlook. ​​​​Gold operation strategy: SELL: 1946-1949 TP1: 1940 TP2: 1935 BUY: 1933-1936 TP1:1940 TP2:1945
OANDA:XAUUSDLong
by ActuaryJ
1
GOLD: Gold price prediction today!Based on fundamental analysis, gold price has a very high probability of going up with NFP. But according to technical analysis, gold price is still in a falling wedge, which creates an extremely unpredictable NFP, let's wait and see what surprises gold futures will give us! Looking at multiple time frames, support and resistance zones work best in the 1900-1952 range. Let's wait and see if these 2 support-resistance zones are strong enough to stop the NFP wave this time! This is important news and a lot of risk, if you want to enter the trade pay attention to the 1952 zone!
TVC:GOLDLong
by Sphyn-Trader
3