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Goldtrend

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
XAU/USD Poised for Short-Term Rise to New All-Time HighXAU/USD is expected to continue its rise in the short term, reaching a new all-time high (ATH) this week. After a period of ranging and consolidation, where the price remained within a relatively tight range, the upward momentum is expected to resume. This suggests a bullish sentiment in the market for the gold/US dollar currency pair. However, it is important to note that market trends are influenced by various factors and can change rapidly. To make accurate predictions or assessments, it is advisable to consult up-to-date market analysis and seek guidance from financial professionals who have access to the latest market data and tools.
OANDA:XAUUSDLong
by rayanem
The forecast for gold next week is still mainly long! Even though gold dipped this week, it failed to fall below the watershed line of 2319. Bulls continued to rise close to $100 that week, which is also the norm for gold in recent weeks. The short-term one-hour trend has been wave after wave, hitting the 2400 mark many times during this period! At the same time, with the war in some areas, it is obvious that the market heat has not cooled down, and bulls still dominate the market! Next week's operation will still be based on a low-long strategy! The biggest factor affecting gold in the near future must be the impact of local wars, and as the situation continues to worsen, the price of gold remains high. Although the early high of 2432 is already very high, now that the situation has not been alleviated, 2432 cannot become history. It is only a matter of time before it reaches a new high again next week. The current market situation is actually not difficult. Going long when falling back is like picking up money, but there are always people chasing the rise and losing all the way. But in fact, trading is not about following the market. You like to buy following the market fluctuations and then get trapped. , if so you will only become a stepping stone for others! Trading requires forward-looking vision and thinking. Just like before gold reaches a new historical high, experienced players have already predicted that it will break through 2432 again. Before that, I will gradually place multiple orders until the target is reached! specific strategies Gold is over 2378-2380, stop loss is 2370, target is 2400 Could I be talking about you now, haha, everyone is welcome to leave a message
FXOPEN:XAUUSDLong
by cdfxcdfx
XAU/USD (GOLD) bullish rally from 2300 or 2280Gold remains bullish for me, but the recent slowdown in momentum suggests a potential upcoming drop. We are currently in a 6-hour supply zone with multiple reactions already, and we might see another one after a liquidity sweep at 2420. My main focus for gold is to observe a drop to form a new supply zone or witness a reaction from a marked-out demand zone on the 2-hour or 10-hour timeframe. Following this, I'll start looking for buying opportunities again, noting significant liquidity via Asia lows. Confluences for GOLD Buys are as follows: - Price is still in a bullish trend on the higher time frame and continued BOS has been present. - Demand zones have been left that have caused the BOSs as well. like the 2hr and 10hr. - Liquidity to the upside still left as well in the form of Asian highs. - For price to continue in the bullish trend it needs to retrace and form another rally. - Dollar also approaching a very good supply so if expected to drop gold could rise further. P.S. If price breaks any of the key demand points of interest (POIs), I will watch for a Change of Character (CHOCH) to the downside, signaling a continuation of the new downward trend. Have a great trading week!
OANDA:XAUUSDLong
by Hassan_fx
2
Go long gold first, then consider going short goldDear friends, today due to the expansion and escalation of conflicts in the Middle East, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran downplayed the tension many times. Gold turned downward and has now given up all its gains, with the lowest falling to around 2372. The market has experienced ups and downs, and I estimate that many people have been hit hard by this wave of short-term market conditions, because when the market is at its most frenetic, it is also when most traders are least calm. Judging from the current situation, although gold has risen due to the news, it has indeed broken through the suppression of the recent high of 2395, and the pressure above has been released. When gold fell to the 2375-2370 area, its downward momentum further slowed down, and the 2375-2370 area still has certain support in the short term. And the risk aversion in the market still exists, so I think gold still has the conditions to rise. Therefore, in terms of trading, I will first consider going long gold with 2375-2370 as the support area. When gold rebounds, I will backhand short gold. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
OANDA:XAUUSDLong
by MagicTrader_Manuel
1
Gold short position is closed with profit, what’s the next tradeAt present, the K-line has stabilized at 2380, and the big positive line at the bottom has stopped the decline, directly consolidating the bottom signal, especially the K-line starting from below the moving average, directly breaking the suppression of the moving average, obviously unable to hold down the bulls Trading strategy: long gold near 2380, stop loss 2370, target 2430 The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
TVC:GOLDLong
by Donald-king
Be wary of gold’s rising trap, as the smoke bomb in the Middle E There is little hope of a rate cut this year. Williams, the Fed’s No. 3 figure, said an interest rate hike is still possible! This week, expectations for a rate cut have dropped to freezing point. What most voting committee members meant was this: If inflation doesn't fall, high interest rates will remain. If necessary, the possibility of raising interest rates cannot be ruled out. In addition, the situation in the Middle East is confusing. Iran warned Israel at the United Nations: Saturday's attack was just an appetizer, a minimum attack, and the hard food has not yet been served. This is also the most stubborn thing Iran has ever done, actively attacking Israel under the nose of the United States. Since the outbreak of the Palestinian-Israeli war on October 7 last year, Hamas has taken the initiative to attack Israel to an extent beyond imagination. Iran's attack this time is also a historic move. This morning, Israel attacked Iran, but Iran softened its attitude and had no intention of provoking a conflict. The price of gold also rushed to $2,417 in the morning, and then returned to the starting point, exciting those who held more funds. Another thing that also affects gold prices is Russia's announcement to cancel gold tariffs. Russia itself has a lot of gold. Coupled with the Russia-Ukraine war, military expenditures increased significantly. The market is worried that Russia will be tight due to military spending. , selling gold in large quantities. I don't think there's any need to worry too much. Removing tariffs is not about selling gold. Does this mean that to sell gold you have to sell it to Ukrainians and not trade it in your own country? The elimination of tariffs can make the circulation of gold smoother, thereby promoting gold transactions. Originally, the surcharge for selling gold was too high due to import and export duties. This time it was canceled. People who didn't plan to buy gold can do so without a hitch, while people who plan to sell can quickly find more buyers. . The above three points, the Fed's interest rate hike, the situation in the Middle East, and the elimination of gold tariffs are not the key points that affect gold in the long term. I have repeatedly emphasized that what drives gold prices to new human highs is: consensus. Consensus has a strong siphon effect and is also an ideology. Just like today's young people don't get married and don't have children. No matter how stimulated the policy is, the effect will be small. The main reason is a change in ideology. Young people born in 2000 have more independent personalities. They have a strong sense of self-love. These people must first make themselves comfortable, rather than living for the approval of others. Gold is now driven by consensus. It’s no longer a matter of raising or lowering interest rates. A few bombs in the Middle East will illustrate this. The stock market is not making money, the government's credit value has declined, and the paper money credit system has begun to falter. At this point, gold becomes the currency of Musk’s writings. After it started to burn, more and more people began to plan to allocate gold. Even if you buy 100 grams, it is better than buying nothing. In addition, in Le Pen's eyes, mobs and crowds are unconscious. The more people buy, the more people will participate. Within 4 hours, gold prices surged higher in early trading, but were still consolidating at a high level. The small level is at 2350 and the large level is at 2320. These two points determine whether the top is formed. The weekly trend is still very good, with the bottom at 2320 and a rebound later. This week marks the sixth week of positive closings. Today’s pressure is focused on 2395-2400. The sharp rise in early trading is difficult to sustain. If Europe falls below the bottom (2373 points), the US will fall. The strategy today is still to treat it as a shock. The general direction has not changed. If it breaks through the morning low of 2373 and then rebounds, it can be shorted during the day. There are many layouts in the 2350-40 area below. After a sharp rise in early trading, it is not recommended to chase the rise after a correction. If you are interested in my analysis, you can tell me in the comments
FXOPEN:XAUUSDShort
by cdfxcdfx
Gold fell yesterday to break the rising trend, and today it rebo The current trend of gold has seen some energy from bulls shrinking. Yesterday’s market did not refresh the previous day’s high. Instead, it tried to break through the 2400 mark many times under the pressure of the 2400 mark. Unfortunately, gold no longer has enough energy to hit the 2400 mark. , and also fell below the previous rising trend line support, which means that the range of small bulls has passed, and will now gradually turn into a pattern of shock and decline! During the day, we will wait for the gold price to rebound and reach the pressure level of the moving average near 2377 before going short! Judging from the one-hour trend, gold has recently failed to break through the 2400 mark three times, and judging from the traces left behind, its trend shows a head and shoulders pattern, which is also one of the reversal patterns. From a technical point of view , the bulls announced the end, the bears will cover the original rising market, then today's operation idea is very clear, the rebound short will be the main strategy! specific strategies Gold is short at 2377, stop loss is 2385, target is 2362
FXOPEN:XAUUSDShort
by cdfxcdfx