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Goldtrend

Grasping the rhythm of both the long and short sides is profit!Because gold failed to touch the 2300 position area again overnight, I adjusted the TP of all short positions yesterday to 2316. Today, in the early morning, all short positions touched the TP: 2316. Although the profit was much less than expected,but the transaction will be safer after adjusting TP. After that, I caught the rebound profit in the area near the 2318 position, hit TP:2330 again, and re-created a short order above 2330, and set TP:2320, currently hitting 2320TP again So far, although gold has made significant adjustments, it has still not effectively fallen below the upward trend line, so gold as a whole still maintains a bullish pattern. However, compared with the previous period, the energy of gold bulls has gradually weakened, while the energy of shorts has gradually become stronger.At present, the small-level box structure of the gold market is being constructed. Before the small-level box structure is broken through, I believe that in short-term trading, high-level shorting will still be the main method, supplemented by low-level longing in due course. Because gold did not break through the area where it started to fall yesterday during the rebound and repair process. If it is a deep V reversal, I think the strength is still slightly lacking, so I think gold is still in the rebound stage, not a trend reversal. Moreover, the top is also facing multiple technical suppression, so for short-term trading, I am more inclined to short gold above the 2325-2330 area. I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
OANDA:XAUUSDShort
by alongwineer
1
Press the take-profit button for short orders, and the European Spot gold prices continued to fall in early trading Tuesday. Spot gold fell below the 2,300 mark for the first time since April 5 in early trading, with an intraday drop of more than 1%. After the continuous decline in the previous trading day, especially after falling below the 2372 support line, the defense line was broken down, which means that the decline will continue. We started to follow the operation and opened short to the 2331 line twice in a row, and fell further in the late trading. After finding the 2324 support, it opened lower and fluctuated. We directly chose to follow the short position again at 2333/34 and successfully exited with a profit. The market price fell directly below the 2300 mark and once fell to the 2295 line. After the market fell in the morning, there was no significant rebound around noon. It reversed at 2315 points and then began to consolidate at a low level. Under normal circumstances, the Asian market falls and pulls back around noon, but the European market still needs to be further bearish, especially since the Asian market rebound is not obvious and shows a low and volatile trend, so the price is still weak, and you should continue to follow the short side at this time. , launch suppression around 2315, and continue to look at the 2300 and 2294 lines. International golden thinking layout, for reference only: 1. Short-term: Start suppression near 2315, continue to look at the 2300 and 2294 lines Inhibition points: 2315, 2324, 2334 Support points: 2300, 2294, 2282 If you like my analysis ideas, please tell me
FXOPEN:XAUUSDShort
by cdfxcdfx
Gold continues to pull back, today’s trading strategy analysis Gold plummeted more than $50 today, and has already seen a negative trend during the day. With the market's concerns about conflicts in the Middle East further fading and the continuous hawkish signals from Federal Reserve officials, a sharp decline is expected in the near future. As the impact of the situation in the Middle East subsided, the price fell as low as $2,333 in the short term. However, because the market fell too fast, it indicates that there will be a rebound trend in a certain range. However, the current trend is still mainly downward. Today's trading strategy is still mainly short selling at high prices. Entry is in the 2350-2360 range, with a downward outlook of $2330-2320. The 2365 line above needs attention. If the rebound rises to the 2365-2370 range and stabilizes, a rise back to last week's gold price levels may occur. If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.
OANDA:XAUUSDShort
by Gold_Digger_King
Where will gold fall if it loses strong support?1. The fact that the Iranian government downplayed the attack on Israel and said it would not retaliate has cost the market some risk premium. 2. Spokesperson of the Iranian Ministry of Foreign Affairs: Israel has received the necessary response at the current stage. The Israeli attack was trivial and militarily worthless. 3. The Israel Defense Forces issued a statement that night saying that the Israeli army monitored about 35 rockets fired from southern Lebanon towards the northern city of Safed and surrounding areas, causing no casualties. Subsequently, the Israeli military fired back at the source of the rocket launch. 4. The Polish President said that Poland is ready to deploy nuclear weapons. 5. Russian Defense Ministry: Russian troops have taken control of the eastern Ukrainian village of Novomy Khailivka. Iran has also made it clear that it will not retaliate against Israel's attack, so the risk aversion sentiment in gold is also falling sharply. The entire sentiment caused by the conflict between Iran and Israel is likely to be completely retreated, and gold is likely to return to where it started. Location. However, there is support from the geopolitical conflicts in the Middle East and the Russia-Ukraine conflict, so there is still some support below gold and it will not keep falling. The golden hour chart is still in a downward trend. For the current market, a larger rebound correction is bound to be carried out after the sharp decline. The high point of the short-term rebound is around 2320.
TVC:GOLDLong
by Donald-king
GOLD-Range trading A survey released by the Federal Reserve on Wednesday showed that U.S. economic activity expanded slightly from late February to early April, and companies said they expected inflationary pressures to remain stable, continuing a recent trend that has prevented the Fed from cutting interest rates. In terms of the geopolitical situation, the United States, the European Union and the Group of Seven (G7) have all announced plans to consider imposing stricter sanctions on Iran. The outside world believes that this is to appease Israel and persuade it to restrain its retaliatory actions against Iran. Today, we will focus on the changes in the number of initial jobless claims in the United States and the annualized total of existing home sales in the United States in March. We will also pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. The current high of gold is at 2431, and the lowest has fallen to around 2324. It is currently oscillating above 2300, and the market has no continuity. I think that only when gold falls below 2300 can we judge whether the upward trend has changed, and when it falls below 2272, we can confirm that it will be in a downward trend. Now we can sell high and buy low within the range. The large range is 2320-2405 and the small range is 2348-2398. The current daily fluctuation of gold is 30-40 US dollars. The above is the standard for trading. The upper 2392-2398 is yesterday's resistance range, and the lower 2340-2350 is the support range. Arrange positions reasonably according to funds. Gold changes quickly. You need to change your strategy in real time according to the trend. The above is for your reference. Follow my trading strategies to greatly increase your trading success rate, so that you can make profits through trading
FX:XAUUSD
by UnknownUnicorn68604160
Gold still has a strong trend, be aware of risksGold has stepped back and corrected, and the price has fallen below the short-term moving average. The current high point is fixed at the 2300 line, and the decline will continue. Pay attention to the 2240 first-line long position, stop loss 2226, and target above 2260. The main trend is still long. For adjustments after the small cycle rise, just follow the main trend and continue to make adjustments. Currently, long orders are the first to bear the brunt of the position, and the profit is small, but there is still a distance from our target position. Not every wave of profits in the transaction can be realized quickly, so just grasp the direction and hold the position patiently! As long as you don't get off the car halfway, you will reach the key point!
FXOPEN:XAUUSDLong
by Leo-trading-star
2
Gold patiently waits for more adjustments!Gold opened lower early and then rebounded, but we need to further pay attention to the support of safe-haven gold. If we are long on gold, we will first put it at the next support level, because after all the recent negative adjustments, whether gold will continue to rise to new highs or continue to fall back to lows, the main trend is long. If gold waits for a rebound, first focus on the moving average support and the support level of 2280, which will be tested after Friday's non-farm payrolls. Those who are stable can wait until it falls back to around 2300 before continuing to go long. If the market stabilizes in early trading, it can go to the moving average support near 2300.
FXOPEN:XAUUSDLong
by Leo-trading-star
Gold fluctuates at high levels and does not chase the rise The market of gold fluctuates at high levels. Do not chase long at high levels. Before breaking through new highs, the short-term market will continue to be short. If gold opens in a hurry, it is generally not possible to directly chase the rise. There is a high possibility of falling back after rising high. Gold has been oscillating at a high level for 30 minutes, and now it has reached a high level again. There is no need to chase the longs. If gold cannot go up, it may form a double top pattern in the short term. If gold is long, you need to pay attention to the support of 2318 before considering it. There is no need to chase the highs for the time being. many. The market is changing rapidly, and short-term gold has fluctuated at high levels. Don’t chase the highs. The market has its own rhythm. We can only dance with the rhythm and melody of the market, so that the dance steps will be graceful. If you are still in chaos on the dance floor, then you can First find a coach to practice with.
OANDA:XAUUSDShort
by Leo-trading-star
1
Gold trend analysis In early Asian trading, spot gold fell within a narrow range and is currently trading around $2,383. Gold prices temporarily came under pressure at the $2,400 level mid-week last week, but with two failed breakouts, bulls have opened the door to profit from the breakout, but support continues to be bought. I’m not sure if this is accumulation from larger players or just interest rate expectations surrounding the US FOMC, but the fact that this move continues to attract bulls to buy at support makes me think gold’s bullish trend is not over yet. ​ I will share trading strategies and trading ideas every day. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSD
by Gold_Digger_King
Break position and go short, pay attention to 2334/2320 support After rising above the important pressure zone of 2,400 points again late last week, it finally closed near 2,390 points. We once regarded this pattern as a strong level to be broken through. Gold has a 4-hour double top structure. Gold fell directly below the low of 2354 in previous days. With support, gold's decline will continue. Gold's one-hour rebound of 2354 is an opportunity for high short selling. After gold rebounds slightly, you can go short directly. Lower expectations for interest rate cuts and the de-escalation of the conflict between Iran and Israel have led to a slowdown in gold's gains. Although it failed to extend last weekend's rebound and break out of the day's decline, it does not mean that the correction range has changed. What hinders the bullish expectations of the market outlook is that after the short-term correction is too large, the correction cycle will be lengthened. Just stay in the 2320 to 2400 range and continue trading. For today's layout, on the one hand, we will pay attention to the opportunity of pulling back 2355, and consider shorting when the time comes. On the other hand, focus on the 2334 and 2320 support levels, and then go long depending on the situation.
FXOPEN:XAUUSDShort
by cdfxcdfx
The opportunity to go long gold has arrived again Gold is still bullish overall. Although the K-line on Friday once reached around 2363, the big positive line then took a step to near 2400. This is obviously a bullish pattern, and the K-line has been fluctuating upwards recently, and 2370 has become more solid. The bottom is more stable The gold daily level is also a strong bull. No matter how the K line falls, the K line can close the Yang line. This is the behavior of the market. At the same time, the K line is always above the moving average, and the support level continues to rise. Trading strategy: Go long near gold 2368, stop loss 2358, take profit 2380
TVC:GOLDLong
by Donald-king
Anticipating a Sharp Reversal in Gold: Detailed Analysis for 4-HGreetings Traders, In this analysis, we'll delve into the potential for a significant reversal in the price of gold, focusing on the 4-hour timeframe. Let's break down the factors contributing to this anticipation: Technical Analysis: Bollinger Bands: Using the Bollinger Bands indicator, we observe price action within the upper and lower bands. A narrowing of the bands followed by a sudden expansion often indicates increased volatility and potential for a reversal. Moving Averages: Analyzing the moving averages, particularly the 50-period and 200-period SMAs, provides insights into the prevailing trend and potential areas of support or resistance. Market Sentiment: Fundamental Factors: Consider recent economic data releases, geopolitical events, and shifts in monetary policy that could influence investor sentiment towards gold. Trader Positioning: Reviewing speculative positioning in the futures market or sentiment indicators like the Commitments of Traders (COT) report can offer clues about market sentiment and potential positioning unwinds. Support Zones: Identify critical support levels based on previous price action, Fibonacci retracement levels, or horizontal support/resistance zones. Resistance Levels: Highlight significant resistance levels where price might encounter selling pressure. Conclusion: Summarize the key points of the analysis and reiterate the thesis for anticipating a sharp reversal in gold on the 4-hour timeframe. Emphasize the importance of staying vigilant and adaptable to evolving market conditions, and encourage traders to conduct their own analysis and risk assessment before making trading decisions. Remember, trading involves inherent risks, and it's essential to exercise caution and proper risk management at all times. Happy trading!
FOREXCOM:XAUUSDLong
by Maven_Trader24
What affects the direction of gold?World gold prices tend to decrease with spot gold down 2.4 USD compared to last week's closing level to 2,388.8 USD/ounce. The world gold market last week fluctuated according to a familiar pattern. Gold prices continuously touched new highs thanks to being boosted by shelter demand due to fears of escalating tensions, but then retreated and entered a consolidation phase. Kitco News' latest weekly gold survey shows that both Wall Street experts and retail investors continue to believe in the precious metal's strength, with 71% of Wall Street experts and 64% of general investors. Retail participants participating in the survey forecast that gold prices will increase this week. According to SIA Wealth Management market strategist Colin Cieszynski, risks remain significant and could trigger market rallies. Sharing the same opinion, senior commodities broker Daniel Pavilonis of RJO Futures also said that geopolitical conflicts will continue to push gold prices up even if there is no immediate escalation. Market analyst Everett Millman of Gainesville Coins said that developments in the Middle East are still the main factor affecting the direction of gold this week when there is not much economic data published. Expert Millman believes that, before the June monetary policy meeting of the US Federal Reserve (Fed), the market will put aside anything related to interest rate expectations until the situation is resolved. in the Middle East is really calming down.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1