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Goldtradingstrategy

Waiting for US economic dataThe gold market continues to be in a very strong position, delaying 23.6% of its price decline. This retracement level was held recently on 4/23/24, 5/6/24 and again on 7/25/24. You can also find support and resistance fields in the main Gann boxes at high and low levels. Use the main Gann square 2514.00 as the swing point for the week. Above that, the long term limit of the entry is 2775.00. The short target is the next largest Gann square at 2578.40. Below it, there is a 23.6% return to the October 2022 low of 2422.00. Any rally that holds the 38.2% back to the 6/10/24 low maintains an extremely positive trend and could quickly reach new highs. The dollar index (DXY00) rose +0.37% on Monday. Stronger-than-expected US economic news on Monday gave the dollar a boost. The dollar also rose on reduced expectations that the Fed will cut rates aggressively as markets are discounting the likelihood of a 50 basis point rate cut at next week's FOMC meeting at 31%, down the line at 50%. following the release of the US payrolls report last Friday. The strength of Monday's vote reduced settlement demand for the dollar. Monday's US economic news was supportive of the dollar. July wholesale revenue increased +1.1% over the previous month, stronger than expectations of +0.3% over the previous month and the largest increase in 5 months. In addition, consumer credit in July increased by +$25,452 billion, stronger than expectations of +$10.4 billion and the maximum increase in 1-1/2 years. The current economic situation is waiting for the final CPI data to make the Fed's decision whether it is 25 points or 50 points.
OANDA:XAUUSDShort
by FalCol_TradingMaster
9.10 Gold Short-term Technical AnalysisGold closed two cross-yin lines in a row on the weekly line. On Friday, it rose and fell, which highlighted the signal of strong short-term strength. Although the current gold price is still above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short-term still has an advantage in the short-term, and it is likely to continue to extend the low, and it is expected to reach the 2470 area again this week. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the closing of the weekly and daily lines, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the profit of gold shorts will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2508 Detailed intraday operation strategy: Short gold rebounds at 2508, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out inline with our plans to buy dips. We were seeing price between two weighted levels and had 2506 Goldturn resistance target and 2495, as Goldturn support target. 2495 support target was hit and now we are seeing price bounce off the retracement range to head towards 2506 bullish target. We need to keep note that ema5 has locked and left a gap below at 2482 and just fell short of completing this gap. We will continue with our plans to buy dips and keep note of any unfilled gaps below, which helps us plan to buy dips accordingly. However, as always each of our weighted levels gave the 30 to 40 pip bounces, as analysed and played out perfectly! 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 - DONE EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
XAUUSD: 2505-2500 resistance is not broken, boldly sellThe August NFP data released by the United States last Friday was 142,000, lower than the expected 160,000 and higher than the previous value of 89,000. At the same time, although the unemployment rate was in line with market expectations, it was actually the first decline in 5 months, which caused the gold price to rebound to 2529 and then fall to 2485. From the daily chart, the K-line decline this time is very similar to the previous decline. If we calculate the next three trading days according to the previous rules, it will fluctuate in the range of 2470-2505. We can sell high and buy low during this period. And after 3 trading days, it happens to be the node when CPI is announced. Therefore, from the perspective of trend and time, the probability of copying the previous market is also very high. Now the gold price is close to the resistance of 2500-2505. I have mentioned the support and resistance of this range countless times before. Everyone knows its importance. Therefore, if nothing unexpected happens today, I will sell near this range.
TVC:GOLDShort
by AntonyTP
9.9 Gold Short-term AnalysisGold fell last week, then rebounded and fell again. It was in a range of fluctuations. The lowest point of the week was 2471, the highest point was 2529, and the weekly line closed at 2497. The weekly line showed a cross star. The gold price was still in a bullish channel. The daily line showed a large range of fluctuations. The non-agricultural data on Friday was bullish, but 2530 was still blocked and fell under pressure. It once fell to 2485. In summary, this week's focus is on the gains and losses of 2530. Although the general trend is bullish, if it does not break the high, it will continue to run in a large range. In the day, the four-hour line showed a large range of fluctuations. The hourly line rebounded in the short term. The upper side first looked at 2500, and if it broke, it looked at 2510. The intraday operation idea is to rebound and fluctuate. This week's key data Wednesday: US Consumer Price Index (CPI) Thursday: ECB monetary policy decision, US PPI, US weekly unemployment claims Friday: University of Michigan Consumer Confidence Index Preliminary Value
TVC:GOLDShort
by David_strategy
1
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD:5/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2550, support below 2450 Four-hour resistance 2506, support below 2450 Gold operation suggestions: Yesterday, gold bulls did not rise further strongly, and the upside was limited after the news release in NY time. The hourly moving average of gold is still a dead cross downward short arrangement, and there is no sign of turning. The gold moving average resistance is around 2500-2507. In the short term, gold continues to be under pressure from the 2500-2507 line. It has not broken through in one fell swoop, indicating that the resistance is still valid. Gold still continues to be bearish and fall back. The rebound of gold is not a reversal. Although it seems strong on the surface, it still cannot change the form of gold topping at a high level. Gold is already bearish in the short term. Without data stimulation, it is difficult for gold to break through resistance. Do not expect a big rise before NFP on Friday. From the 4-hour analysis, the current upper resistance is 2500-2507. The pullback relies on this position to continue the main bearish trend. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend. SELL:2494near SL:2500 SELL:2508near SL:2511 SELL:2525near SL:2529 Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
9.9 Gold short-term operation strategyIn the early Asian session on Monday (September 9), spot gold fluctuated in a narrow range and is currently trading around 2496. Gold prices rose and fell last Friday, as the number of new non-agricultural jobs fell short of expectations. Gold prices once hit a three-week high of around $2529.06 per ounce, approaching the historical high, but soon gave up the gains because the unemployment rate fell and the Fed's "number three" did not send a signal of a 50 basis point rate cut to the market, causing the market to doubt the extent of the Fed's rate cut later this month. Gold's performance last Friday sounded the alarm for the market, showing that the trend in the next few weeks will be full of variables. In this context, how to deal with potential volatility will become a key issue for gold traders. Gold closed two consecutive cross-yin lines on the weekly line. On Friday, there was a wave of highs and falls, which highlighted the signal of strong short positions. Although the current gold price is still running above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short position still has the advantage in the short term, and it is likely to continue to extend the lows. This week, it is expected to reach the 2470 area again. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the weekly and daily closings, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the gold short position profit will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2505 Detailed intraday operation strategy: Short gold rebounds at 2505, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
9.6 Gold short-term operation strategyGold is currently priced at 2497 in the morning, so go short directly! Gold fell sharply at a high level last Friday, and the rebound of gold was not strong. Gold continued to build a high top, and the rebound was an opportunity to go short; Gold is currently priced at 2497 in the morning, so go short directly! Gold has a multiple top structure at a high level in 4 hours, and the 4-hour moving average of gold began to turn downward. Once a downward dead cross is formed, the space for gold to fall will be opened, and the decline of gold will increase. Gold rebounded weakly in the morning, and even 2500 could not be broken. The rebound was weak, so go short at 2497 first. The market changes rapidly, plan your trade, trade your plan, gold is weak and has no rebound, which is a signal of weakening, and gold continues to go short to the end. Gold is short at 2497, stop loss at 2507, target 2480-2475
TVC:GOLDShort
by David_strategy
1
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2506 Goldturn resistance and 2495, as Goldturn support. We currently have a gap above on market open at 2506 and below at 2495 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2506 EMA5 CROSS AND LOCK ABOVE 2506 WILL OPEN THE FOLLOWING BULLISH TARGET 2523 EMA5 CROSS AND LOCK ABOVE 2523 WILL OPEN THE FOLLOWING BULLISH TARGET 2535 POTENTIALLY 2547 BEARISH TARGETS 2495 EMA5 CROSS AND LOCK BELOW 2495 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2482 EMA5 CROSS AND LOCK BELOW 2482 WILL OPEN THE SWING RANGE SWING RANGE 2472 - 2461 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
20
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price between two weighted levels. We have 2517 Goldturn resistance and we have 2493, as Goldturn support. We currently have a gap open above at 2517 and below at 2493 and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. 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 shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2517 EMA5 CROSS AND LOCK ABOVE 2517 WILL OPEN THE FOLLOWING BULLISH TARGET 2536 POTENTIALLY 2550 BEARISH TARGETS 2493 EMA5 CROSS AND LOCK BELOW 2493 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2468 2438 EMA5 CROSS AND LOCK BELOW 2438 WILL OPEN THE SWING RANGE SWING RANGE 2416 - 2389 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
DAILY CHART UPDATEHey Everyone, Please see update on our daily chart structure that we have been tracking and trading successfully for a while now. Same as last week, we still have the candle body close above 2521 for the gap to 2566. We would need Ema5 lock to further confirm and strengthen this gap. Currently ema5 is playing just under it and we will continue to observe and update this. We have to also keep in mind that we have a support range below at 2464 - 2405 for longer range support areas to buy strategic dips if the corrections take place before completing gaps above. We will use smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months. Last week we had the same again with a candle body close above 2505 again leaving a gap to 2557. We also stated that we need to keep in mind that we have a ema5 detachment below highlighted on the chart with a circle for a possible correction area. - This played out perfectly by providing the correctional touch below on the highlighted area with a circle and then the bounce, which is also inline with the channel top support for the bounce just like we said. All channels that break usually require the channel top to become support outside the channel for further continuations before new channels form. Failure to provide support outside of the channel, means price breaks back into the channel, in which case the channel re-activates for trading and tracking level to level once again Therefore, if we see a rejection before the gap and a break back into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
Strong level / best time to sell on correction from the level (all signals on real account ) The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven. Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets. In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets. At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
FXOPEN:XAUUSDShort
by seventhlab
9.6 Gold summaryWe have always emphasized that if gold does not break the new high, it is short. Gold maintains the idea of ​​shorting today. Gold finally fell as expected. Gold has a bumper harvest overall. Gold fell sharply from a high position. The profit was 56K and the position was closed. Gold has multiple top structures in 4 hours. The 4-hour moving average of gold is still showing signs of turning downward. The positive news of non-agricultural gold has not been able to make gold break the historical high. It seems that it is still difficult for gold to directly break the historical high in the short term. A Friday full of surprises and a perfect weekend!
TVC:GOLDShort
by David_strategy
1
GOLD MARKET UPDATEHey Everyone, A fantastic finish to the week with our final target completed today!! Yesterday after completing 2509; we had a cross and lock opening 2524 and it fell short by a few pips, which we highlighted on the chart yesterday with a circle. - And BOOOOOM!!! TODAY WE HIT OUR 2524 TARGET!!! There wasn't enough momentum for the extended 2535, which is why we always call that a "potential" if momentum allows. BULLISH TARGET 2509 - DONE EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET 2524 - DONE 2535 - POTENTIAL BEARISH TARGETS 2498 - DONE EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2484 - DONE EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE SWING RANGE 2472 (DONE) - 2461 We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13