Gold is still strong at the moment, ready to buy againLast Friday, our buy signal at 2160 was a big success. Although it did not reach the target of 2200, it reached a maximum of 2195. The profit margin is very large. Today we are going to prepare to buy again.
The price of gold opened higher on Monday in the short-term. The short-term increase indicates the willingness to rise. Currently, the price of gold is still at a historical high and has yet to form a substantial retracement. From the market point of view, the price of gold is still in a unilateral upward trend. If it retreats to You can continue to buy near the 2170 line!
Technical analysis shows that the price of gold has risen unilaterally, the lows have continued to rise, and the highs have continued to set new historical highs. The golden cross of the moving average below continues to maintain, and the support is at the 2169 line. The current gold price is only one step away from the 2200 mark. , you can reach it within a few days with a little more effort! And we are also mentally prepared for gold prices to break through the 2200 mark!
Good luck to everyone
Goldtradingsetup
Gold trend analysis, easily make money for you
Hello friends!
Entering the European market on Monday (March 11), spot gold consolidated at a high level after several consecutive days of sharp gains. It is currently waiting for the next trend near the record high. The market remains cautious before the key US CPI inflation report, etc. New clues for Fed rate cut.
After rising for eight consecutive days, spot gold broke through record highs one after another. It once touched near 2195 last Friday and is currently consolidating at a high of around $2180.
Gold prices hit a record high of $2,194.99 for a fourth straight day on Friday after data showed a cooling in the U.S. job market.
According to the current gold trend, the gold price is currently fluctuating at $2,180. Short selling is still not a wise approach at this stage. As far as the current trend is concerned, the gold price may correct. Pay attention to the gold price trend at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
GOLD GOING BUYGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
XAU/USD 11 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
Gold trend analysis, easily make money for you
Gold trend analysis, easily make money for you
In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180.
Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute chart, gold prices continue to trade within an ascending channel. Gold prices surged to a record high after data showed a rise in U.S. unemployment, boosting expectations that the Federal Reserve may soon begin cutting interest rates.
Data released by the U.S. Bureau of Labor Statistics on Friday showed that the U.S. non-farm payrolls increased by 275,000 in February, higher than the expected 200,000. However, the number of new non-farm payrolls in December last year was revised down from 333,000 to 290,000. people.
The U.S. non-farm unemployment rate unexpectedly rose to 3.9% in February, a new high since January 2022, higher than market expectations of 3.7%, and the value before January was 3.7%.
The average hourly wage in the United States increased by 4.3% year-on-year in February, in line with expectations of 4.3%. The wage growth rate in January was revised down from 4.5% to 4.4%; the average hourly wage growth in February fell to 0.1% month-on-month, which was lower than expected. 0.2%, the previous value was revised down from 0.6% to 0.5%.
Spot gold closed up $19.38, or 0.9%, at $2,178.95 per ounce on Friday, with gold prices hitting an intraday high of $2,195.07 per ounce.
As I said before, the probability of gold rising is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
Therefore, the short-term recommendation for gold is to go long on dips. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2178
TP 2190
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
If you want to make easy profits, please follow me
Comments welcome!
Gold trend analysis, easily make money for you
March 9 News: Market expectations for the Federal Reserve's policy easing may be coming to an end. Expectations for the Federal Reserve's monetary policy to shift to easing are still dominant. The geopolitical situation is still tense. Global central banks continue to purchase gold. Adding to the possibility of the spread of the U.S. banking crisis, the impact on gold Form a mid- to long-term positive impact.
Gold recommendation: Going long at low levels is still the core. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2177
TP 2195
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
have a nice weekend!
Can gold break through 2200 after the NFP data is released?Gold is fluctuating at a high level. At present, the price of gold is still firmly supported above the moving average. If it does not fall for a long time, it will definitely rise! The current price is 2160 and more orders can be entered directly, and we will continue to be optimistic about breaking the historical high during the day!
Looking at the market, the current upper resistance level first refers to the high point of 2164, but the short-term pressure level above is quite small. I think the gold price will definitely break through this level again within the day, while the lower support faces the moving average support of 2156 and the previous inflection point support level of 2148. The price of gold will continue to maintain this volatile upward pattern before major changes occur. If you step back on the support level, be bold and go long!
xauusd(gold) daily outlookxauusd(gold) trading at an all-time high. so with the Dow Theory when a market makes an all-time high it will back to the most recent broken price. of course, you should wait for a reversal point.
note- keep in mind market takes less time to build a pattern when it’s about the bull market to move down. and when the market is bearish then it’s taking much time to build a reversal pattern to move upside.
Gold price trend analysis, easily make money for you
On Friday (March 8), the price of gold hit a maximum of $2,193. Gold prices were on track for their biggest weekly gain in five months, boosted by hints from Federal Reserve Chairman Jerome Powell that he would cut interest rates. Spot prices surged more than 3.5% this week, indicating strong investor expectations for a rate cut.
Gold prices are on the verge of their biggest weekly gain in five months and near record highs, buoyed by Powell's hints that a rate cut could come mid-year.
This week alone, gold spot prices soared by more than 3.5%, marking the largest weekly increase since the conflict between Israel and Hamas escalated in mid-October 2023, and is expected to rise for a third consecutive week.
Speculative trading has fueled the rise, but the underlying driver remains expectations of upcoming interest rate cuts, boosting gold's appeal. Meanwhile, the U.S. dollar is set for its biggest weekly drop this year, further increasing gold's appeal to investors holding other currencies.
The current resistance level is $2193.25 and the support level is determined at $2174.34
Combined with the current gold trend: it is predicted that gold prices will continue to rise;
Short-term recommendation: Go long around $2,175
TP 2190
SL 2165
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
Fibs and Trend to Take Gold Higher . . . Target 2206Interlocking Hourly Fibs show why we just dropped as much as we did. We traded into a long with a price target of 2206.55 at 2168 during late Afternoon NY and rallied smartly off of it. . . . a 2nd test of our 2168 lows would be a gift to start the week. Hold that level there and 2206.55 becomes our immediate target. Lot of momentum for this to occur. Following this trendline takes us to the our objectives. And it's not much of a stretch as we have been following this trendline all last week.
Today’s gold price analysis and guidance
Today’s gold price analysis and guidance
Yesterday, Jerome Powell testified before Congress that he expects to start cutting interest rates this year if inflation approaches the central bank's 2% target, paving the way for a fall in the dollar and a rise in gold.
Today, the price of gold broke through 2163, and the support level is 2154.6. It is currently oscillating at $2156.5. Based on the news observation, gold will show a volatile upward trend in the short term during the day.
have to be aware of is!
If today's non-agricultural data is released, the value is too high or too low, which will greatly affect the gold price trend. Before that, I referred to the performance of ADP data, and based on the fact that the two are more than 80% in the same direction. The probability that today's non-agricultural data will be positive for gold is very high. At the same time, combined with the impact of the US dollar interest rate cut, the US dollar has a weak trend of rising. I am more certain of the possibility of the market going up.
Combined with the current trend of gold prices, it is predicted that gold prices will show a slight upward trend in the short term;
Recommendation: Buy around $2156
TP:2165
SL:2150
Seek victory in a stable manner, follow the signals, and do not make rash advances.
Gold will continue to rise, follow me and make profits
Analysis of gold price trends after the release of non-agricultural data
On March 8, U.S. non-farm payroll employment in February exceeded expectations and wage growth slowed, further showing signs of healthy economic growth and slowing inflation. A report released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm employment increased by 275,000 last month, while non-farm employment in the first two months was revised downward by a total of 167,000. But the unemployment rate rose to 3.9%.
The U.S. dollar is falling due to rising unemployment, which will keep gold prices rising. As I said before, the probability of gold rising today is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
My advice: go long around $2180
TP:2190
SL:2170
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
What do you think now? Will Gold target $2125 or $2225?📣 Hello Mates!
Yesterday in Gold Idea Already, we mentioned that Gold would likely turn from the $2159.00 or $2169.00 area because $2170.00 presents a strong resistance area.
Today, we have $2180.00 as another good resistance level.
So, hopefully, Gold will not break resistance and sell from our resistance. Our target for today is $2125.00 Since today is NFP News, please avoid large positions and use proper stop-loss.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- $2170
- $2180
📉 And our Support Levels are set at:
- $2125
- $2088
Stay tuned for further updates and trade smartly! 📊
XAU/USD 08 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains unchanged since yesterday (08/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Swing and internal high yet to be confirmed, therefore, we are trading within a fractal high and internal low until we have confirmation of swing and internal high.
Intraday expectation is for price to continue bullish to target swing high.
As mentioned yesterday, price did target M15 POI before continuing bullish which followed by an iBOS.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
XAU/USD 07/03/2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has now printed a bullish swing BOS.
Swing high yet to be confirmed, therefore, we are trading within an internal range until we have confirmation of swing high.
Intraday expectation is for price to continue bullish to target swing high.
Price could potentially target M15 POI before continuing bullish.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
Gold continues its upward trend, wait until it pulls back to buyThe gold bulls are gone forever and it will be difficult to turn back in the short term! The price of gold has once again set a new historical high. Judging from the current strength of the retracement, the price of gold has not yet reached the top. After a slight fall during the day, it will continue to rise. The operation layout is waiting for the price to fall back to around 2140 to buy. The current round of rise is bound to arrive. 2200 mark!
From a technical perspective, the lows of the shock are constantly moving up, and the lower moving averages are also diverging upwards, and the support has reached the 2136 line, which connects the recent lows to form an upward trend line support. The current effective support level of the trend line is exactly at 2140. On the front line, there is heavy resistance on the downside, but there is no pressure on the upside! Just buy boldly when it falls back!
How to trade accurately after gold surges?
Gold is very active in the Asian market and once reached a level of 2161. Just as I expected. Some small profits were made by buying low.
FXOPEN:XAUUSD TVC:DXY OANDA:XAUUSD CAPITALCOM:GOLD VELOCITY:GOLD
Yesterday at the Fed officials, gold was extremely volatile. But then the Bank of New York suddenly fell sharply by 41%, leading to a trading suspension, and the trend of regional wars caused gold to rise again.
ACTIVTRADES:GOLD MCX:GOLD1! NCDEX:GOLD TVC:GOLD
The current gold market price remains within a narrow range of 2153 to 2155. Combined with the current market sentiment, the probability of gold rising to a new high again is more than 99.5%. The current price is still at a low level, and you can still continue to buy.
FOREXCOM:USOIL FX:USOIL BLACKBULL:WTI
2152-2155BUY
Tp2161.1
SL 2146
From Monday to Thursday, keep making money. Hardly any defeats. I believe the same is true for many of my friends who follow me. Let’s cheer together!
Gold falls below trendline support, ready to sell highAfter three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
Gold trading opportunities in the US market on March 4
After the U.S. market opens. The US dollar began to fluctuate upward. There is support below for slowing inflation. In addition, there is no major news today, so there is not much change in the market trend. On the other hand, gold remains high. Driven by last week's non-farm payrolls data and geopolitics. Gold has also gone out of an independent market and has been rising sharply. Today, the overall price remains within the range of a minimum of 2079 to a maximum of 2088. There are also some trading opportunities. At present, the overall bullish trend in the market is still more obvious. If short-term geopolitics breaks out, there is a high probability that gold will hit the 2100 or even the previous high of 2146. My opinion is to buy at low prices. The current support below is at 2079. If it falls below the previous support. At that time, the support position can be lowered to the 2077-2073 line. Then continue to focus on buying.
VELOCITY:GOLD MCX:GOLD1! CAPITALCOM:GOLD TVC:GOLD ACTIVTRADES:GOLD NCDEX:GOLD PANCAKESWAP:GOLDUSDT_6E8688
Transaction prices mentioned in the article. Use the price of gold in TradingView as a reference.
The above are my personal trading ideas. Hope it helps some traders who don't know how to trade.
XAUUSD:5/3 Today’s Analysis and StrategyOn Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve.
With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have piled into gold, which is within striking distance of a record high. Intraday gold prices exceeded 2020 and were close to the all-time high of 2144 set in early December last year.
At the same time, central banks of various countries are actively increasing gold reserves. IMF data shows that India increased its gold holdings by 7.812 tons in January 2024 to 811.417 tons. Gold prices suffer when the U.S. adopts higher interest rates to curb inflation, boosting returns on competing assets like bonds and boosting the dollar, making the precious metal more expensive to buy with foreign currencies.
Gold technical analysis
Daily resistance is 2150, support below is 2100
Four-hour resistance is 2150, support below is 2100-2080
Gold operation suggestions:
Judging from the daily analysis, today's lower support is focused on around 2100-2080, and the upper target is still focused on breaking high. The short-term bullish strong dividing line has moved to 2100. Gold is currently expected to have a high probability of breaking through a new historical high.
BUY:near 2100
BUY:near 2080
XAU/USD 05 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
XAUUSD: 4/3 Monday analysis and strategyGold broke out like crazy last week. At the beginning of the week, the overall price maintained a volatile pattern around 2030. Last Thursday, it rose to 2050 due to PCE data that was in line with expectations. Last Friday, it reached a higher level. Under the influence of weak US data, it soared by nearly 50 US dollars, once reaching 2088, and finally closing at 2083, hitting a record high. It closed up 2%, the largest increase in two and a half months.
Gold is building bullish momentum, hitting its highest level since early February on Friday above $2,050. Gold's near-term technical outlook offers encouraging signs for buyers, but investors may ignore the technical picture as they react to this week's U.S. February labor market data.
Looking at this week, on Tuesday, the ISM Services Purchasing Managers Index (PMI) will be a bright spot for the U.S. economy. The overall PMI is expected to remain above 50 in February, highlighting the continued expansion of business activities in the service industry. The price payments index in the Purchasing Managers' Index (PMI) jumped to 64 in January from 56.7 in December, indicating accelerating input cost inflation. A similar increase in the inflation component in February could boost the dollar and put pressure on gold's gains.
Gold technical analysis
Daily resistance is 2088-2100, support below is 2066-53
Four-hour resistance is 2088, support below is 2066
Gold operation suggestions:
From the daily analysis, the lower support today is focused on around 2066-70, and the upper target is still focused on breaking through the high point. The dividing line for short-term bull strength has moved to 2050. The daily level is above this position, and bulls continue to be strong.
BUY:near 2068
BUY:near 2050
BUY:near 2100
On March 4, gold will be mainly bought first
2085@BUY
SL:2079,
TP:2092
Limited time trading signal, the trading price is based on the real-time price of gold in TradingView. If you miss the opportunity to trade. Remember to wait for the next trading signal before trading. It's better to miss than to make a mistake.