Will gold continue to fall?Where is gold going to fall?Yesterday, gold continued to fall as scheduled, and the recovery of the dollar index also helped gold bears release momentum. Judging from the current daily K-line pattern and technical indicators will continue to release the pressure of the previous top divergence, there will be a possibility of a continued pullback in gold in the short term.Judging from the structural behavior of yesterday's continuous decline and weak rebound, gold has not yet shown a signal to completely stop the decline.
Judging from the current gold trend, the intraday trend is still biased towards the correction trend after the decline, and there is still an expectation of continued decline after the correction.In addition, in the recent trend of gold, the Asian market has maintained its recovery and the European and American markets have fallen, so there are still bearish expectations after the recovery of gold.
In the short term: pay attention to the resistance of 2010 above, and observe the defense of 1980 below.
I will share specific transactions and operations in real time on my channel based on intraday details.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.
Goldtradeidea
GOLD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
More than 2,000 gold has made substantial profits, bullishness u
In the early trading, gold 2000 was openly long, and now it has risen sharply to 2012. Continue to look at the first target of 2020
Gold will reverse in a V shape this week. What you think is weak is not really weak. I still have to abide by my trading rules. After the gold price plummeted, the bad news was cleared. This is exactly my opportunity to go long. It doesn't matter if you miss this time, gold will continue to soar, and you will make a lot of money if you keep up.
The price of gold has continued to rise, breaking through various pressure levels in a row, just hold on to the trend. This is the time to make a lot of money by holding multiple orders. Don't think that there is pressure on the upper side to harvest the long orders early. Just follow my rhythm together, I am still patiently holding long orders, I believe in my judgment, this is the key to my ability to hold long orders.
Trading strategy: more than 2000 gold, stop loss 1990, target 2020-2040
XAUUSD (Gold) - BIG LONG Starting - Elliott Wave TradingWave count on $XAUUSD (Gold) suggests that a bullish rally is around the corner.
I am adding longs on XAUUSD as the Elliott Wave is synchronizing with Harmonics and multiple other technical analysis tools.
Technicals:
- Reversed Bullish Divergence
- EW Running Flat Pattern
- Fibonacci Retracements
- Fibonacci Extensions
- Bullish Bat Harmonic
Expectations:
- Bullish Primary C leg, in an impulsive manner.
Many pips ahead!
4/13 Gold trading signals: Go long
The 30M moving average support of gold is located near 2015, the 60M moving average support is located near 2008, the 1D moving average pattern is arranged in a long head, and MA5 and MA10 are located near 2010-2004.From a morphological point of view, today's high probability is to break through the previous high near 2031, and trading should be mainly long.
When the price comes to the vicinity of 2032-2038, you can make a retracement market after a big rise. The support looks at the vicinity of 2028-2023. If it is pierced, it will be near 2020-2018.In terms of trading, I am conservative, so take profit is generally not set at the top.
The above is the trading strategy of gold today, and the others will be updated later.
GOLD FOMC updated analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Trading Strategy
There are indeed no absolutes in the market, and there will definitely be unexpected market trends, especially recently. The big yang column of the daily entity can also be followed by a big yin column. The sharp pullback force directly suppressed the strong upward momentum, and the upward trend was stopped! Adjustment or downtrend is coming!
Short, the rebound continues to be short and bearish, the real support position below is the 1980 line, which is the moving average support position on the hourly chart! Now the market is fluctuating and going down, and the center of gravity keeps moving down! follow! A rebound can be short, and 2000-2005 is an excellent dry short position!
specific strategy
Gold 2000-2005 empty, stop loss 2010, take profit 1980.
FOREXCOM:XAUUSD VELOCITY:GOLD FOREXCOM:XAUUSD
GOLD BUYWelcome . According to my analysis of the gold market, there is a high potential for an upside. With a break of the resistance at the 2000 level with a very positive candle. Kmalk broke the bullish flag. We are waiting for a test of the 2000 area, to return to the upside. Let's see again the 2030 region .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
any price drop considered as a correction and a BUY opportunityFundamental View
Gold is still under buying pressure but it is at an important level
In the past week, gold was fixed above 2000 dollars. This consolidation was done right above the HKEX:2000 and TSE:2002 area. Important and psychological area.
The momentum is still bullish and can rise again to its historical high. We mean the area of 2060. But this price jump definitely needs a catalyst as a driver.
The instability of the economy, the uncertainty in the decisions of the Federal Reserve to interest rate increasing cycles, the purchase of gold by central banks, the crisis of banks under the pressure of recession and inflation, as well as the decrease in bond yields make gold more attractive for buying than ever before.
If in the coming week, the employment data is higher than expected or if the inflation increases a lot, they can make gold fall sharply and return it to the previous level.
But any disappointing data or even close to expectations will stabilize gold in the current areas and even towards higher levels.
Technical View
Technically, gold is slightly overbought at current levels. But what is seen in the candlesticks (downward shadows) shows the pressure on buyers in this area.
If there is no better than expected data for the US economy (employers and CPI), any drop in the price of gold to a lower level can be considered as a correction and another opportunity for buying gold again.
6 ways to stop loss in gold
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method.
You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you.
1. 6 stop loss methods
Stop loss means that when our order loss reaches a predetermined value, we need to close the position in time to avoid greater losses.
In a complete trading system, stop loss Stop loss is divided into static stop loss and dynamic stop loss.
Static stop loss means that after the order enters the market, the stop loss is set at a fixed stop loss space, or the stop loss amount remains unchanged. Once the market trend is unfavorable, the stop loss will be closed when the set position is reached. For example, after an order enters the market, set a stop loss of 100 points, and close the position when 100 points arrive.
Dynamic stop loss means that the standard of stop loss in the trading system is dynamic. When we hold a position, the market is constantly fluctuating, and there is no fixed point for when to stop the loss. We must observe the dynamic market changes until there is a trend that meets the stop loss standard, and then stop the order. For example, when holding long orders, the stop loss standard is that the market forms a short reverse break position structure, and we will stop the loss manually at this time.
Method 1: Fixed stop loss space, or fixed stop loss amount.
This is a relatively simple static stop loss method.
After the order enters the market, set a fixed stop loss space, for example, after an intraday trading order enters the market, set a fixed 30-point stop loss. Or set a fixed amount stop loss, for example, if the order loss reaches 1% of the principal, the stop loss will be stopped.
There are also traders in the stock market who stop loss at a fixed percentage of market retracement, for example, stop loss if the stock falls by 5%.
In this way of stop loss, the space for stop loss should be determined according to the specific volatility of different varieties.is absolutely necessary, and a trading strategy without stop loss will eventually end in loss.
Method 2: Stop loss at high and low points.
High and low point stop loss is the most common stop loss technical standard, and it is also a static stop loss method.
The market always operates in the form of waves, so there will be continuous rising or falling callback highs and lows. These highs and lows are also called inflection points. In actual combat, the starting point of the wave or the inflection point of the callback is used as the stop loss point.
After the bottom of the market breaks, open a position. There are two ways to use stop loss at high and low points. One is to place it at the inflection point, and the other is to place it at the starting point of the wave.
The inflection point stop loss, the stop loss space is small, the profit and loss ratio is good, but the fault tolerance rate is low, and it is more aggressive.
Stop loss at the starting point of the market, the space for stop loss is large, and the profit-loss ratio is worse, but the fault tolerance rate is high and more conservative.
This stop loss method is also relatively flexible, as the volatility changes, the stop loss space will also be adjusted.
Method 3: Combine technical stop loss.
Stop loss combined with technical positions refers to the combination of key positions of technical indicators in actual combat, and stop loss when the market breaks through these technical positions. For example, important support and pressure levels, or technical moving average levels, etc.
Method 4: Stop loss in trend reversal pattern.
This is a dynamic stop loss method. After the order enters the market, the market goes out of a reverse structure or form. At this time, it can be understood that the trend has reversed and the order is stopped.
In actual combat, you can combine your most commonly used criteria for confirming reversals. You can use the crossing of moving averages, or the breakout of trend lines and channel lines, etc., as long as the standards are consistent.
Method 5: Stop losses in batches.
In an order, set multiple stop loss standards, and stop losses in batches in proportion to different stop loss points.
This is a compromise stop loss method. Set different stop loss points through different stop loss standards to disperse the risk of stop loss.
In actual combat, it is often encountered that after the order stop loss, the market reverses and goes out of the original trend. At this time, because the order has stopped loss, it is very disadvantageous.
The operation of batch stop loss can keep a part of the position when encountering this situation, and can continue to make profits after the market goes out of the direction again.
Method 6: Moving stop loss.
Trailing stop loss means that after the order enters the market, the market develops in a favorable direction. After leaving the entry point and gradually generating profits, the stop loss is adjusted from the original stop loss point to a more favorable direction. The market gradually develops and the stop loss Also adjust gradually.
Moving stop loss is a bit like the left and right feet when climbing stairs. When your right foot goes up the steps, your left foot will follow. Every time the profit increases to a certain extent, the stop loss will follow.
The first purpose of trailing stop loss is to preserve capital, so most of the time the first step of trailing stop loss is to move the stop loss to the cost price.
In this way, even if the worst result is encountered, the order will be out of the market without loss. After setting the trailing stop loss, the order will no longer lose money, and even the profit has been locked. At this time, the psychological pressure of holding positions is very small, which is conducive to the execution of transactions.
These 6 stop loss methods, you can choose the appropriate method according to your own trading strategy
OANDA:XAUUSD OANDA:XAUUSD COMEX:GC1! TVC:USOIL BINANCE:BTCUSDT.P COINBASE:BTCUSD
is XAUUSD going to finish Wyckoff's distribution phase?I just quickly checked W1 XAUUSD chart and seems it will create a HCH pattern which is verified with squeeze momentum and hidden divergence in MACD indicator, so we can find confluence with Wyckoff's final distribution phase.
Get ready for SHORTs once we get a good price entry.
GOLD top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
3/31 Gold Trading Strategy
Gold broke through the 1975 resistance level, which changed from resistance to support. The current resistance level is around 1986, and the shape is bullish. The transaction is mainly to step back on the support and do more.
The supports are: 1980, 1977, 1974, 1969
Resistance 1986, 1994, 1999
When the resistance is touched, if you like the game, you can carry out short transactions, but the TP for short selling must not be set too low, preferably $1- $2 higher than the support level.
After the shock structure is over, where will the gold price go?In recent trading days, the volatility of gold has been relatively small, and there have been no major ups and downs. At present, it can be treated as range fluctuations. The rebound is limited and basically the rebound has stopped until a certain point. The same is true yesterday. The rebound to the vicinity of 1975 is still falling downwards, while the short-term support is near the 1950 position.Judging from the recent market trend, a large wave of trend processes must be confirmed twice before a large upward or downward trend can be achieved, so the short-term structure is still to build a shock range.
The current volatility range of gold has gradually narrowed to within the range of 1950-1975!Without the stimulus of news events, the probability of gold breaking the level is very small, and it will continue to go back and forth within the range.At present, the previous low level of the price of gold has become an effective support. It is not certain whether it can support the rise again, but it is certain that there is no room for the price of gold to fall again, and the potential energy is even more weak. The downward extension of strong support is located in the 1935-1933 area.At present, the 4-hour chart has entered the contraction and shock of the triangular range, and it has been maintained in the range for a short period of time. It has broken through and stood firm at 1975, so the bulls can continue to see the high of 1980-1986.For the time being, the top pays attention to the pressure of 1970-1975, and the bottom pays attention to the support of 1952-1955.
Short-term trading reference:
1.Sell gold near the 1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1954 position, the stop loss level is 1949, and the take profit level is near 1968
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.
3/30 Gold Trading Strategy
Gold oscillated in the range from 1950 to 1975, there was very strong resistance around 1969-1971, and the support was around 1963-1959, so trading during the turbulence period can be carried out around these positions.
If the upward attack around 1969 is under pressure and cannot be broken, then go short, around TP1963
If the 1959 support is not broken, go long, around TP1967
Break through 1959-1971, go long, around TP1975
Under pressure 1975 upside attack can not be broken short, TP1969-1970 near
Backtest 1969-1966, if the support is valid, go long, around TP1983-1986
Break below 1959-1955 support, short, around TP1947-1943
XAUUSD: Continue to go long with a target of 21K
After failing to break through the 2000 level, gold fell below 1960. The overall trend seems to have weakened. However, what I want to say is that you still do not understand the intentions of the main players. Two failed attempts are actually a sign of accumulation of strength. When the market believes that the trend will continue to decline, the real rebound will begin. Moreover, at that time, there will be no opportunities to enter the market, and the upward momentum will be significant, which may directly break through 2000 and reach 21K.
Therefore, personally, I will buy a large amount of gold at around 1950-1960, or even lower, waiting for the main players to enter the market one after another. The more people are bearish on the market, the more favorable it is for us to go long. So now is the best time to lay out the positions and witness the breakthrough of the market.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
GOLD top-down analysis,UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Monday Trading Strategy
Gold fell after touching above 2,000 again intraday on Friday. As of the close, it was reported at 1978. During the transaction, I had already reminded my friend TP in the group. There are some small supports near 1977, but this support is not very strong. As long as the bearish power is strong enough, breaking this support is a high probability.
I used the 30m chart, and there are two areas circled in the chart. For the market on Monday, first look at the 1975-1983 range shock. If the bears are strong, 1975 will definitely fall below. The following is the strong support near 1969. If there is no news stimulus, we can go long when it falls to the 1969-1963 range. It should not be a big problem to catch a small rebound. I will give a specific strategy at that time.
The current situation is:
1988-1983 resistance level
1975-1971 weak support
1969-1963 Strong support
Shorting in batches without breaking through the resistance level, breaking through 1990 stop loss, taking profits in the weak support-strong support range
Go long without breaking the strong support, stop loss if it falls below 1960, take profit in the weak support-strong support range
The market will change at any time, and it is impossible to operate completely according to one's expectations. (If only it worked out as expected!) I also update the strategy in real time as the market changes. Welcome everyone to pay attention.
FOREXCOM:XAUUSD
Million challenge:BUY XAUUSD @1960
From a daily chart perspective, the price of gold has formed a double-bottom support at 1935 and is currently oscillating widely within the range of 1960-2000 in the short term. However, it is my personal belief that the market will still form a breakthrough to the upside. I recommend buying long positions on dips between 1960-1935 at the opening of next week and waiting for the market to form a breakthrough to the upside. For friends who hold short positions, they can choose to reduce losses and exit in this range and take advantage of the trend by going long.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!