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On Monday, gold rebounded and shortedBecause gold fell by US 50 on Friday due to the impact of non-farm payrolls data.As the retracement space increases, it will make the recovery insufficient, so for gold as a whole, it is still biased towards short-selling, so in trading, we mainly maintain the idea of rebounding and shorting gold.So when we are trading on Monday, we can execute according to the following trading rhythm. 1.Don't chase short directly, because as the room for retreat increases, the market's risk-averse buying still supports gold, and gold may be pushed up at any time, so don't easily chase short gold directly at a low level. 2.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold. 3.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area. The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
OANDA:XAUUSDShort
by Short-term-king
1
Big non-farm data is coming, are you ready? The monthly nonfarm payroll data is coming soon. Do you know how it will affect gold prices? The "nonfarm" data is released by the US Department of Labor on the first Friday of each month. It consists of three values: nonfarm employment, employment rate, and unemployment rate, which reflect the development and growth of the manufacturing and service industries. A decrease in these numbers represents a reduction in production by businesses and an economic downturn. Therefore, the following basic rules apply to the price trends of gold: 1. A decrease in nonfarm values indicates an economic downturn, a reduction in production by businesses, and a weakening of the US dollar, which is favorable for gold. 2. An increase in nonfarm values indicates a healthy economic condition, which is favorable for increasing interest rates, strengthening the US dollar, and unfavorable for gold. In general, if the overall economic data in the United States is weak and the ADP employment data is favorable for spot gold before the nonfarm data is released, the market may start to show a bullish trend for gold prices on Thursday and Friday. On the other hand, if there are signs of economic recovery in the United States before the release of the nonfarm data and the economy is strong, it will be bearish for gold prices, and investors can take advantage of short positions. Therefore, if the newly added nonfarm data exceeds the market's expectations, the Federal Reserve's expectation of raising interest rates may rise again. However, the uncertain global economic recovery has led to continued expectations of monetary easing by central banks, and the combined effects of these factors have led to extreme fluctuations in gold prices during nonfarm data releases. As a gold investor, you can actively pay attention to the nonfarm market, but there is no need to demand excessive profits from the market. Instead, it is essential to understand the impact of this data on gold price movements. I will provide analysis and trading strategies for gold and crude oil every day. Please click to follow, maintain your reading habits, and create opportunities for yourself. If you agree with my views, please click the rocket to support me. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDEducation
by investmentMr-X
35
The 200% profit target has been completed Our gold trading today is perfectly profitable again!This week's 200% profit target has been completed!In the remaining two days, I hope we can make more money. Gold gave us a very good opportunity today. When it broke through 1986 and stabilized above this position, we found a long opportunity and made some profits from it again. At present, its resistance level is still near 1998. If it can break through and stabilize above this position, it will rise further, and the upper resistance is near 2007-2012. If you need more trading signals, you can find me for consultation!
FOREXCOM:XAUUSD
by EagleEyeStrategy
Profitable gold trading signals Today's signal is to short gold. The resistance level marked in the figure is near 1986. When gold arrives here, it is obviously blocked. The US market falls first and then rises. Our short trading completes the take profit. At present, gold has broken through the resistance near 1986 and completed a support backtest. As can be seen from the 2h and 3h charts, the counterattack power of the bulls has not been released, and it is expected that it will continue to rise in the future. At the resistance level, we first pay attention to the first line of 1990-1995, focusing on 1998. At present, the bulls can continue to hold, if they touch 1995 and do not break, you can close the position first and observe the 1988-1986 support. If the support is effective, you can continue to go long, and continue to pay attention to the first line of resistance of 1995-1998. The 1D pattern is still short at present. If you want to complete the trend reversal, you need to break through the 2008 line and stabilize above it. If not, gold will still fall again after rebounding.
FOREXCOM:XAUUSD
by EagleEyeStrategy
1
Freeing up space for gold will increase trading opportunitiesBecause of the impact of strong non-farm payrolls data, gold directly fell from 2038 to near 1999. As the retracement space increases, it will make the recovery insufficient.But as the space is released, short-term trading opportunities will also increase, so how should we trade next? 1.Don't chase short easily, because as the room for retreat increases, the market's risk aversion still supports gold, and gold may be pushed up by risk-averse buying at any time, so don't easily chase short gold at low levels. 2.The increased space for gold retracement will make the recovery insufficient, so we still maintain the idea of rebounding and shorting gold. 3.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold. 4.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area. The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
OANDA:XAUUSDShort
by Short-term-king
Beautiful Move as expected, what next?Gold beautifully broke our support which we discussed in our previous chart and now heading towards 2006. We were anticipating 1965 at start of this week but it didn't happen and gold went to break all time high. As NFP figures somehow put market in state of shock, Gold's dive maybe a sustainable one, but for that 2006 should be broken and if that's the case 1965 is inevitable. Good Luck... And congratulations who took benefit from our previous chart... Comment for any further questions
FX:XAUUSDShort
by AdilHussain731333
Prefer to do long gold at low positionThe market expects the Federal Reserve to suspend interest rate hikes in June and July, as well as strong support for safe-haven buying. The bullish trend of gold is obvious. In the absence of breaking the trend, gold is still dominated by low-level bulls. From the perspective of the short-term structure of gold, the main focus below is the important support in the 2032-2027-2022 area. Aggressive friends can choose to do long gold around 2032, and conservative friends can wait for gold to fall back to the 2027-2022 area to do long gold. In addition, I have posted the most suitable trading opportunities to my channel. If you don't know how to trade gold now, or have no grasp of the current gold market, please join my channel to get it.
OANDA:XAUUSDLong
by Short-term-king
First choose to short goldYesterday, stimulated by the news, gold rose sharply in the short term, reaching as high as near the first line of 2020. At present, gold has fallen slightly and is trading at the 2016 level. Gold has shown serious technical deviations due to the stimulus of the news, and there is a technical response demand; and it is about to face the Fed's interest rate decision. In principle, gold has a certain volatility within a few days before the announcement of the interest rate decision. On the whole, due to the cautious attitude of the market, it is still necessary to maintain a state of range consolidation as a whole, so gold has a demand to fall after the news calms down. So gold can consider choosing to sell on the first line of 2018-2010, TP1:2010, TP2:2006. For more high-quality trading signals, please refer to the content in the channel
OANDA:XAUUSDShort
by Short-term-king
"Divine Gold Dip: A Wizard's Revelation 🧙‍♂️✨"Behold fellow traders! As the celestial beings have spoken through the wise wizard, the time has come to embark on a golden journey! With Gold currently trading at a divine TSE:1980 , the moment is ripe for seizing this celestial opportunity. The sacred prophecy foretells that those who dare to buy the dip shall be rewarded with bountiful gains, as the glittering metal ascends to hallowed heights! Trust in the wisdom of the wizard and join the pilgrimage to financial enlightenment! 🙏💰🚀 Remember, fortune favors the bold, and with the cosmic guidance of the holy person and our beloved wizard, you too can become a part of this mystical adventure. Embrace the power of Gold longs and let your profits shine as bright as the stars! 💫 Disclaimer: This meme post is for entertainment purposes only and should not be taken as financial advice. Always do your own research and consult with a financial professional before making any investment decisions.
OANDA:XAUUSDLong
by Investing_Bridge
Profitable gold trading signals We have made a profit of more than 300% for 3 consecutive weeks, and we have a target of 200% this week. We plan to complete it tomorrow!Finding me is tantamount to finding a treasure! In the previous update, I have clearly shared today's trading strategy. If you follow my signals to trade, you must be profitable. I will continue to share new trading signals during US market hours. If you can't grasp the timing of trading, you can follow me!
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
Will gold reverse on the way down?Will gold continue to fall to 1950 next? First of all, what I want to explain is that gold as a whole is still weak, but it cannot be directly shorted in trading. The reasons are as follows: From the continuous closing of the lower hatching line at 1970 in the recent trading days, it can be seen that gold is currently receiving technical support at 1970, so gold may take this weak rebound. So which areas are mainly observed above? 1.First observe the 1988-1992 area 2.Secondly, observe the 2000-2004 area If these two regions can recover quickly in the short term, then gold may reverse its decline and there is a possibility of challenging the previous high again.It is also worth noting that don't just pay attention to integer thresholds and avoid the pitfalls of technical false breakthroughs. In addition, in this week's trading, we have achieved a record of consecutive wins and zero losses. Starting tomorrow, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
OANDA:XAUUSDShort
by Short-term-king
1
Wait for better levelsFundamental View Buyers of gold in recession, or sellers of it for a stronger dollar? Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU). Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the possibility of the Federal Reserve raising interest rates in May. However, there are still many buyers and markets for gold, who see the fear of stagnation more strongly. Now for this week. There are many things in the US economic calendar that will help traders know what to expect from the Fed. Investors are monitoring Economic growth data (GDP), jobless claims on Thursday, and PCE data on Friday. The GDP print is expected to grow at an annual rate of 2.0% during this period, which means that a recession is not imminent. And If the PCE index prints much higher than expected, it reduces the likelihood that the Fed will hold off on rate hikes in May, especially if economic data is generally positive. With this data, Investors evaluate the interest rate increase in May. Although the market expects a 25 basis point hike on May 3, uncertainty surrounding the possibility of a rate cut this year has caused volatility in the US bond market. The volatility of the bond market causes the dollar to move. The market is currently looking at a 25 percent hike, with the direction of travel determined by whether the Fed will hold off on interest rate changes after that. While this could support gold prices, the recent market rally and overly technical conditions mean there is still scope for a downside if the Fed's rate outlook is confirmed. According to the CME FedWatch tool, there is an 84.6% chance of a 25% rate hike in May, with interest rate cuts expected later in the year. Higher interest rates reduce the attractiveness of non-yielding bullion. Technical View Gold has taken a downward trend in the four-hour time frame. This precious metal has locked itself in the TSE:1960 to TADAWUL:2020 area. It shows that gold needs some drivers to rise or fall. Any sign of information that leads traders to fear further recession could push gold to the TADAWUL:2020 - TSE:2048 highs. But what we think is the better-than-expected print for the US economy makes more downward pressure on XAU. Gold is currently trading at the price of TSE:1982 dollars and is on a dynamic resistance. There is a possibility of a slight rise for gold at the beginning of the week, but we don't have any rush to trade. If the economic data encourages us to sell gold, we will wait and do it in the HKEX:2000 to TADAWUL:2020 area, and if we going to buy gold, we will do it in TSE:1960 or in the important key area of 1920 dollars.
OANDA:XAUUSD
by Alisabbaghi