GOLDGold prices look set to finish the week higher and yet the move can be described as anything but convincing. The precious metal fluctuated between the $1940-$1970 handles for the majority of the week as continued repricing of rate hike probabilities for the US Federal Reserve weighed on Golds attempted recovery.
OANDA:XAUUSD
Goldtradingidea
1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth.
This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle.
The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause.
In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
A Profitable Gold Trading Signal
There is no completely consistent market, but there are always similar fluctuations. This is the gold 1H chart. In the picture, I marked 4 M patterns. No. 3 is similar to No. 1, and No. 4 will be similar to No. 2.
In order to form the No. 4 pattern, tomorrow's data needs to be beneficial to the bulls. Only in this way can gold have a chance to return to around 2000 again.
If tomorrow's data is negative for gold, 1928-1886 is the target!
Several important intervals at present: 1991-2003, 1981-1985, 1963-1971, 1937-1928, 1900-1996
From the shape, today's transaction is more conducive to long, resistance 1985-1991.
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month.
This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer.
As a result, non-yielding assets like gold may perform well in this scenario.
dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold.
Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area.
However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down.
As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year.
Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range.
However, if the price returns to the 1950-1945 zone first, I will set up a buy order here
At the moment, all signals are in favor of gold's uptrend
XAUUSD: Long opportunities arise
On Monday, although the market was not active, we chose to go short in 1947-1950, again taking profit and taking profit, and today falling to around 1930, we started to go long.
Personal trading strategy: 1930-1933 long, TP: 1940-1945
All trading signals were profitable in May, and there will be more surprises to come!
Gold 15m TF I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure.
Currently, Gold has experienced an increase of 1.6%, indicating the need for a pullback before it can make further upward movements. Gold miners have only seen a marginal increase of 0.06%. As such, I am anticipating a reversal in gold's performance within my area of interest.
Gold Weekly TF Gold's recent decline has brought it back within the established trading range. To confirm that this is merely a temporary break and subsequent retest of the range, it would be necessary for gold to close above the level of 1960.
It should be noted that while an increase in the US debt limit alone may not directly trigger a rise in the price of gold, certain accompanying factors such as concerns about the country's fiscal health, economic instability, or a loss of confidence in the US dollar can make gold a more appealing investment. In such situations, investors may allocate more funds into gold, driving up its demand and potentially increasing its price.
However, it's important to recognize that the price of gold is influenced by a multitude of factors, including global economic conditions, geopolitical events, interest rates, inflation, and investor sentiment. Consequently, while the US debt limit can be a relevant factor to consider, it is not the sole determinant of gold's price. Other factors and market dynamics play significant roles in shaping the value of this precious metal.
Gold price action @ 1D time frameBased on recent technical analysis, it appears that gold prices are still moving within a stable range between support and resistance lines. However, there are some indications of potential increases in the near future.
At the 2-hour time frame, a harmonic pattern is showing consolidation that aims to reach a high of $2047 USD. This indicates that there may be a significant increase in price prior to any potential drops to a new bottom price.
Furthermore, the Elliott Wave analysis suggests that we can expect a significant increase in the 5th wave before the gold price falls to a new low. As such, it is important to keep a close eye on volume movements, which can provide early indications of potential sudden increases.
Based on this analysis, it is recommended that traders consider an entrance point within the consolidation area, with a stop loss positioned below the support line. A take profit level could be placed at the previous price peak or the target indicated by the harmonic pattern.
It is important to note that these levels are subject to adjusting as the market continues to fluctuate. Therefore, it is advisable to closely monitor the market and adjust trades accordingly.
XAUUSD: 1980 began to go shortRecently, after we insisted on long take profit in 1950-1955, we need to pay attention to the resistance situation in 1980-1985, and today I will start to short gold at this position.
Personal trading strategy: gold sell@1975-1980-1985 TP: 1970-1965-1960
Next, I will publish more accurate trading signals and continue to lead friends to achieve greater profits!
XAUUSD: Keep going long today
Gold rose after confirming that the 1950 support was effective, and the short-term upper resistance focused on 1985, and today's strategy is still long-based.
Personal trading signals: Gold buy@1965-1970 TP: 1980-1985
Next, I will publish more accurate trading signals and continue to lead friends to achieve greater profits!
Gold transaction analysis
From the current point of view, gold was strongly supported on Friday, and there is a greater possibility of short-term volatility in gold. It is recommended to go short at a high level.
Although gold has been able to hold on to 1950 at present, it has also successfully rebounded to near 1975. Through analysis of the multiple rises and falls last week, the current highest point has appeared, and gold should be short-selling in the short term.
The upper part mainly focuses on the vicinity of 1980-1985, and the lower support point focuses on the vicinity of 1965. In a short period of time, the market may remain between 1960-1980, and the range of shocks will gradually shrink.
Trading strategy:
gold:sell@1980-1985 tp1975-1970
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
gold continues to fallGold technical analysis; the gold daily line has three consecutive negative days, and the market has not rebounded in the near future. It has been a big unilateral decline all the way. Up to now, some people think that there will be a rebound and restart the rally. This reason does not make sense in the near future Yes, if you want to go up, you have to wait until this wave of short corrections is in place before you can be bullish. Where is the strength of this correction? Looking at the weekly and monthly lines, Wang Tianfa is optimistic that the two positions of 1932 and 1906 started to rise in the early stage The multiplication point, when it hits the weekly support around 1931, it is expected that there will be a good rebound. The short-term short-term trend will be adjusted downward, so just take advantage of the trend and find some short positions for it. Looking at the 4-hour chart of gold, the bears have continued to fall, breaking through multiple support levels in a row. Now pay attention to the gains and losses of the 1945 support. If there is no strong rebound, it is only a matter of time before they fall here. At present, it can be seen that technical indicators such as moving averages and trend lines indicate that the market is running in a weak position, and the k-line diverges downward, and the 1970-1930 interval is the watershed between long and short in the big cycle. This is a later story. For the short-term end of this wave of shorts, the focus is on the 1930 line.
The top short-term focuses on the first-line resistance of 1975-1972, and the bottom short-term focuses on the first-line support of 1938-1940.
In addition to investment, life also has poetry and distant places. The article does not have too much gorgeous language and chicken soup. I believe that what every reader lacks is not chicken soup, but real analysis and powerful theory. If you have a position or have a serious loss recently, you can contact me. I can accurately Help you recover your losses and help you accurately
Analysis of short-term entry trading points for gold next week1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it falls below, pay further attention to the lower low point around 1958-1960!
2. As a whole, gold will look at the pullback strength after the opening of the market next week to determine at what point it will start to stabilize and go long. On Monday, it is expected that the short-term fluctuations in the overall market will not be too large, so let’s first look at the first support near 1968-1974 Can it start to stabilize and rebound, and the layout of this point is long, the lower stop loss will be placed directly at the 1865 low, and once the market continues to decline again at the 1965 mark, then our next key support needs to look at the 1952-1957 low. Whether it has stabilized and rebounded again, and for this long order, first of all, it depends on the situation at the top of 1980! If you stand firm, look further at the 1984 high point to suppress the breakthrough!
3. If gold directly rebounds strongly again, the first and most important high-level suppression is the vicinity of the 1998-2007 mark. Once the gold continues to rebound and hits this high point, the suppression does not break, it means that the strength of the bulls has begun to weaken again, so we are in the middle and long term The key points for re-arrangement of empty orders, and for this mid-to-long-term empty order target, we will temporarily look at the low line of 1958-1952 below, and continue to break through the line of 1952, indicating that the bears have begun to exert their strength again, and we will further see 1945-1948 below Important position!
Investment is a long-term process, don't think about getting rich overnight. How can you invest without a good attitude and order planning?
Friends who are interested in investing in gold and crude oil but have no way to start, or are already in contact but the transaction is not ideal, you can contact me
Gold trading signal analysis
Yesterday, gold fell into a range of oscillations, and the current 4-hour chart shows a slight bottom pattern, indicating that there is a certain support below.
Although it is still weak today, there is not a lot of short-selling opportunity in the market.
As long as you can hold yesterday's low of 1975 today, then the probability will rise.
Today's trading strategy:
gold:buy@1975-1970 tp1980-1985
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold continues to be shorted
In the previous article, I will analyze for you that today's market is basically the same as the current trend. At present, we only need to wait for a suitable opportunity to enter the market. Radical friends can short in advance. At present, 1980 is still a stable support line. Although it has fallen many times, it has not broken through. At present, gold is mainly shorted after breaking through 2000.
Trading strategy:
gold:sell@1990-1995 tp1980-1975
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
5/11 Gold Trading Signals: Bears
Friends, have a nice day, hope everyone can make a lot of money!
In the gold 4h chart, the form is favorable for short positions, so in today's and tomorrow's transactions, try to focus on shorting at high positions, which can increase the probability of everyone's profit!
Focus on resistance 2026-2032, support near 2016, and after falling below, the target is near 2003.
I hope my suggestions can bring you some help and let you make money!
Gold Price Forecast: Uptrend XAU/USD upbeat ahead of CPIGold (XAU/USD) cheers US policymakers unable to give any commendable signs of debt ceiling as the yellow metal re-establishes weekly highs to around 2,038$ around the press time point. In doing so, XAU/USD also benefited from a softer US Dollar ahead of all-important US Consumer Price Index (CPI) data for April.
That said, XAU/USD is currently aiming for a mid-April high swing around 2,048$ before reaching a February 2023 high near 2,060$. However, the recently refreshed all-time high of around 2,080$ and an upward sloping resistance line from late March, near 2,088$, quickly followed by the rounded figure of 2,100$, could be challenge those who buy Gold then.
Conversely, a one-week ascending trendline near $2,017 is ahead of the $2,000 psychological magnet to limit Gold prices short-term declines.
Accordingly, the convergence of the 200-bar Exponential Moving Average (EMA) and the previous resistance line from last Wednesday, near $1,989, will be important to watch as it holds the key to a further downtrend. more of XAU/USD.
BUY TVC:GOLD : 2026-2024
STOPLOSS: 2018
Take Profit: 2030
Take Profit: 2035
Take Profit: 2045
How Gold Trades TodayJudging from the current market, the cross K with the long upper shadow line of the daily chart combination K increases the overcast, which means that the adjustment will continue, and the short-term staged top will appear, and the history of the market outlook will continue to be staged. We see the first two waves Back to the 1860 line, the first time back to the 1880 line, and the daily chart is at the 1960 line, so the room for adjustment is far from over. After four hours on Friday, it went down all the way to the first line. No, there are signs of correction in the short term. The correction focuses on the middle track and the gap. Here, it will continue to go down. If it breaks, it will test the upper line before it can be lowered. However, the hourly chart has fallen to a rebound. It is currently running below the first and second lines and the lower line. In terms of form Judging from Friday’s close to the present, it is temporarily in the process of shock consolidation, and the auxiliary indicator MACD also forms a golden cross below the 0 axis. This golden cross does not mean that it is turning more, but it is a correction of the index that fell too fast. It can be a direct rise, or it can be viewed sideways for correction. Overall, from a multi-cycle perspective, it will continue to be empty after the rebound.
At the opening of the market today, I gave clear instructions to the fans about the 2015.30-2024 multi-order strategy. Now I have taken profit and made a good start to this week. Although there is only a profit of ten points, it is also very good.
This week's expected profit 150% - 300%
In short, seizing the opportunity of history repeating itself is the opportunity of seizing wealth
In this market, many friends want to operate on their own to make a profit, but the result is either a set order, a dead end, or frequent liquidation. You can operate by yourself. First of all, you must restrain the most important psychological pressure. With regard to your firm position, can you maintain the mentality of closing the position and be unmoved by floating losses? And do a good job of strict stop profit and stop loss. After doing it for a while, it is obvious that most amateur traders can't do it
To be honest, even many teachers are unable to do it now, because this is human nature, and it is very difficult to achieve the mentality of closing positions for their own substantial interests. Maybe one or two people out of 100 have this awareness. So in this case, you have to rely on external forces, need external supervision and supervision, and slowly form your own trading system. It takes a long time to learn how to control risks and positions, so most people, don’t be overconfident Or you are still in a state of confusion, do you really understand when the position is liquidated? Trading requires reminders. If you are hesitant at a certain point or don’t know what to do when facing a position problem, you must have a professional person to remind you at this time, or it can be said that a professional person will give you confidence. Many people are about to liquidate their own positions, but they don’t seek help. Of course, if you think that you have too much money, it doesn’t matter if you liquidate your position, then I take this sentence back.
With me, as long as you do a good job in execution and maintain a good attitude in the face of the market, I will only try to make you make money, because my goal is to cooperate and win-win, so that it will last forever! In short, being greedy for small and cheap investments will only make you lose more and more.
Join me, follow me, let your money make more money
XAUUSD:will fall rapidly
xauusd:A sequence of 9 appears on the weekly line, which means that next week will be a window for change.
The trend line above the weekly line near 2060 has not been physically broken, so as long as the weekly line ends below 2060 today, it is 100% sure that it will fall next week.
From the hourly chart of gold,
The 2060 wave of rebound happens to be the 618 position of the trend from 2030-2080.
If it is still suppressed by 2060 in the future, then 2060 is likely to become the high point of wave B.
2080 is the high point of wave A, so judging from 123 to 4, gold may continue to break through 2030.
I also drew it in the picture. Next, the 618 position below is near the low point of 2030, and the next 100% position is here at 2010.
If my article is helpful to you, remember to pay attention and like it, welcome to express your opinion
COMEX:GC1! TVC:GOLD COMEX_MINI:MGC1! FXOPEN:XAUUSD
Decisive Battle Fed Interest Rate ResolutionThere are still 2 hours before the announcement of the Fed's interest rate decision. At that time, it will guide the direction of gold in the short term, and all we have to do is seize the market trading opportunity. As long as we seize the opportunity, we will make a very good profit.Let's see if Gold will use this opportunity to challenge the 2050 position again.I will announce more detailed market information and trading opportunities in the channel.
Are you ready for the decisive battle over the Fed's interest rate decision?