Gold meets resistance, 2039SellThe market rebound is just a rebound, definitely not a reversal, especially the daily trend, the K-line is big short, the rebound is just an adjustment, and it will inevitably fall sharply.
The support level below the K-line is obviously around 2015, and even breaks through 2000 points. Everything is inevitable. Radicals are directly short at 2035, and the resistance above is at the 2050 line. If we hold this bottom line, we are Stud short.
The daily level is short, and it is also an obvious head and shoulders top pattern. After the positive line rebounds, the big negative line directly breaks through and goes downwards. This is a trick of the banker. I have already seen that gold will inevitably reach around 2015 during the day.
Trading strategy: Gold 2039 short, target 2015
Goldtradingsetup
Gold’s rise is weak, 2028SellThe trend chart at the daily level is still in a short position. We adjust Sell in time. The two big negative lines on the daily line directly block the road, and the K-line rebound is also weak. Of course, the daily level is also in the form of a head and shoulders. We continue to target 2009. first line
The market obviously still lacks momentum. This kind of rebound has broken down when the big negative line near 2030 has been swallowed downward. The 50 moving average is also running in the country. The rebound is empty, and you are ready to plummet.
Trading strategy: Gold is short in 2028, target is 2009
XAUUSD: 5/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2053-40, support below 2020-2000
Four-hour pressure 2029, support below 2020
One-hour pressure is 2030, support below is 2012
Operational suggestions: Gold opened weak today, and the willingness to fluctuate in the range in the near future is relatively serious. It is very likely that it will remain in the range. For us, it is better to continue to fluctuate and operate with a bearish approach.
SELL:near 2050
SELL:near 2040
SELL:near 2020
XAU/USD 06 Feb 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish.
Expectation remains as H4 analysis dated 05/02/2024, for price to continue to trade bearish to target weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Following swing BOS price very aggressively pushed to the upside.
Price has printed a bullish iBOS where we are now in the pullback phase.
Sub-structure to internal structure, which is marked in red has now printed a bullish iiBOS.
Intraday expectation is for price to target weak internal high.
M15 Chart:
Gold price encounters resistance, current price is 2056SellThe price of gold is still in a volatile trend. Yesterday, it fell rapidly to the support of the trend line. Although the trend line was broken, it was in fact an inertia break and was not effective. The subsequent rapid rise has caused the gold price to return to the volatile range again, and we also made a very good profit by buying at 2032 yesterday. It is currently in the upper range of the volatility, so we can sell it at the current price of 2056!
From a technical point of view, the current negative line of the one-hour K-line is reversed, and the short-term trend is weak. The support of the bottom moving average and the trend line deviates too much from the gold price. In the short-term, the gold price has a need to fall back. The short-selling trend reaches the bottom of 2040 and then the trend line support is reached. Make further layout!
Specific strategy: Gold 2056Sell, target 2042-2040
Good luck to everyone
XAUUSD:2/2 Today’s Analysis and StrategyGold technical chart, daily pressure 2053, lower support 2040-2000
Four-hour pressure is 2053, support below is 2040
One-hour pressure is 2056, support below is 2040
Operational suggestions: Judging from the daily trend, today’s lower support will focus on the 2053 long-short dividing line.
SELL:near 2050
SELL:near 2040
SELL:near 2020
BUY:near 2053
BUY:near 1966
Buy gold at current price in 2032 and wait for the riseThe Federal Reserve's interest rate decision early last night triggered violent fluctuations in the gold market. The price of gold showed a wide range of fluctuations. The lowest reached the support level of the 2030 trend line and stabilized. The current upward trend remains intact, and the bulls are still in the advantageous stage, so I think You can buy, and the intraday target will continue to be towards last night’s high point of 2053!
Technical analysis shows that gold prices are still in a volatile and rising pattern, with lows rising and highs setting new highs! At present, the moving average golden cross continues to run. Under the influence of the double support of the bottom trend line and the moving average, the gold price obviously cannot fall. After a slight adjustment within the day, it will rise again!
Specific strategy: Gold 2032Buy, TP1:2048, TP2:2053
Good luck to everyone
XAUUSD: 1/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2040-2053, lower support 2000-1966
Four-hour pressure is 2053, support below is 2033
One-hour pressure is 2053, support below is 2033
Operational suggestions: Judging from the daily trend, today's upper pressure will continue to focus on the 2050-2055 area where the US market opened yesterday, and the lower support will focus on 2029-33. Overall, rely on this range to sell high and buy low. Cyclic participation will continue to see shocks, and the middle position Always look more and move less. Pay attention to the 2053 long and short dividing line
SELL:near 2053
SELL:near 2040
SELL:near 2020
BUY:near 2053
Today continues at 2038SellThe four-hour gold line is an obvious bearish engulfment. The big negative line entity directly covers the rebound range of the positive line. Especially overnight, the gold bulls once rushed to the 2048 line, and a big negative line covered it all. This is the strength of the short sellers, and the K-line is bound to return. Moving average, this is a matter of course, the K-line rebound is to accelerate the downward trend
Trading Strategy: Gold 2038Sell, Target 2022
XAUUSD: 30/1 Today’s Analysis and Trading StrategyDaily pressure 2040-2053, lower support 2000-1966
Four-hour pressure is 2040, support below is 2020
One-hour pressure is 2040, support below is 2032
Operational suggestions: Although bulls currently have an upward trend, they still encounter resistance after all and have not achieved substantial results. The upper pressure in the short term remains at 2040-43, which is also a key point during the day. The support below will remain at the integer level of 2000. If the daily level is above 2040, the bulls are strong but it does not mean that the bulls will break out. Above the 2053 mark, the market will turn bullish.
SELL:near 2050
SELL:near 2040
SELL:near 2020
BUY:near 2000
Technical analysis only provides trading direction!
Gold Trading Plan - 28/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect Gold to go Up from here.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GOLD ROUTE MAP & TRADING PLANS FOR THE WEEK AHEADHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between support 2014 and resistance 2022 two weighted levels for a test and break on either Goldturn to confirm the next level.
We have resistance at 2022 for a immediate bullish target and 2014, as our bearish target. We will see price range between these levels until one breaks and locks to confirm the next range.
A bearish test to support at 2014 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2022 Goldturn. A cross and lock above 2022 will open the range above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we share every week in the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETS
2022
EMA5 CROSS AND LOCK ABOVE 2022 WILL OPEN THE FOLLOWING BULLISH TARGET
2033
EMA5 CROSS AND LOCK ABOVE 2033 WILL OPEN THE FOLLOWING BULLISH TARGET
2047
2055
BEARISH TARGETS
2014
EMA5 CROSS AND LOCK BELOW 2014 WILL OPEN THE RETRACEMENT RANGE
2006
EMA5 CROSS AND LOCK BELOW 2006 WILL OPEN THE SWING RANGE
SWING RANGE
1992 - 1979
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
Mr Gold
GOLD Day Analysis | Sell SetupHello Traders, here is the full analysis.
GOLD sell pullback, GOLD is in the descending channel, making lower lows lower closes.
GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Gold 2023 Current Price SellThe fluctuations in gold's initial jobless claims data yesterday were very average. The data could not directly change the direction of gold prices. Gold has not yet come out of the volatile range. In addition, the gold price is currently close to last night's high pressure level of 2025. Considering that the gold price will still remain unchanged in the future. The volatile trend will continue, so I think we can sell it directly in 2023!
Technically, the current one-hour K-line has pierced the pressure of the moving average, but it is not enough to directly break through and stand firm. The moving average currently shows a dead cross and diverges downwards. Technically, it shows a bearish trend. We will look at the short-selling targets first. Support 2010 towards last night's low!
Gold 2023Sell, stop loss 2031, target 2010
Good luck to everyone
XAUUSD: 25/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966
Four-hour pressure is 2032, support below is 2012-2000
One-hour pressure is 2025, support below is 2012-2000
Operational suggestions: Yesterday, gold hit the lowest level of 2012, a small support. Analyzing from today's daily line, above gold, we focus on the 2025-2032 first-line suppression, and below, we focus on the 2000 first-line support, and we still focus on rebound short selling.
sell:near 2032
sell:near 2025
Continue to wait for the rebound to 2038Sell2038 is the key resistance level, which has been fully verified in the previous two high Sell signals. Yesterday we chose this position to sell again. Although it did not reach the target price of 2020, the lowest price reached 2022. The profit margin is very good.
Today is no exception. I will continue to choose to sell in this position. In short, we will participate if we have the opportunity. If we are not given the opportunity, we should not be anxious. Only make deterministic profit signals and not uncertain loss signals. If you are not sure, it is better to give up and wait for better opportunities rather than blindly participate.
Trading strategy: Gold 2038Sell, stop loss 2044, target 2020
Good luck to everyone
Gold rally unlikely after strong US GDP data? Gold rally unlikely after strong US GDP data?
The United States revealed a 3.3% annualized GDP for the three months ending in December earlier today, surpassing the market's 2.0% forecast.
The likelihood of an early-year Fed rate cut seems to have diminished even further now, helping curb weakness in the dollar. Given these market conditions, does a rally in gold appear improbable in the short to medium term?
Examining the XAU/USD daily chart, the risk might remain tilted towards the downside. The bearish 20 SMA maintains its negative slope above the current price, while the longer moving averages are significantly below the present level.
On the 8-hour chart, gold encountered intraday pressure around the 20 SMA. Concurrently, technical indicators are on a downward trajectory within negative levels, suggesting a potential decline to $2,010, or even lower lows around $2,001.
XAUUSD: 24/1 Today’s Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966
Four-hour pressure is 2032, support below is 2020-2000
One-hour pressure is 2032, support below is 2012-2000
Operational advice: The market has been fluctuating within a narrow range for nearly a week. The current upward pressure continues to focus on the 2032 and 2040 daily line pressure. Continue shorting on today's rebound, with the target around 2012-2000-1980.
SELL:near 2040
SELL:near 2032
SELL:near 2020
BUY: near 2000
Technical analysis only provides trading direction!
Gold's Route to 2080+ resistance region This pattern is maturing and showing indications that the 2080 resistance region will be met in due course. I believe we'll see more downside towards the bottom of this wedge to fully mature this pattern before moving (taking a long) towards our 2080 target. From there, a rejection can allow a short. A breakthrough can allow us to take a long position.