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
Goldtrend
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!
A breakout has just started on the weekly!Had to take a position on this today! Sprott is the largest holder (with 165 million shares). This long-term chart looks very similiar to Jaguar Mining (another Sprott company) that has taken off. A reverse head and shoulders forming on the monthly chart. It could still bounce sideways to lower in the near-term. If so, I doubt it will be dramatic. Could be an easy 10x from here.
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.
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.
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
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
Gold is short and profitable, and the U.S. rebound continues to
After gold surged higher today to lure bulls, the gold rebound was not strong. Gold returned to the short position. Gold has reached a double top in 4 hours. The possible room for adjustment will increase. In the short term, it will continue to be bearish and the adjustment will fall. The US market rebounds around 2385 and can still continue to be short. .
Gold bulls have reached a certain stage. If gold peaks, the decline will be considerable. Today is Friday again. We will wait and see whether gold will once again stage a trend of highs and lows.
U.S. market operation ideas:
Gold is short at 2385, stop loss at 2393, target 2365-2360;
Gold continues to look at the 2145 lineFor gold, we continue to look at the 2145 line. Gold rebounded directly to around 2177, but this is not a reversal. We continue to be bearish.
The golden hourly line was also suppressed by the moving average. The European market rebounded quickly, but it was still below the moving average and was suppressed. The macd energy column was also below the zero axis, and gradually moved away from the zero axis. The upper resistance 2185 is still strong, and the resistance below is still strong. Continuation of emptiness is inevitable
If gold is high, don’t chase the bulls and continue to be short.Gold has been going up and down like this in the past two days. The probability of gold directly breaking through and rising sharply is not very high, and the high position continues to be short.
Gold did not hit a new high in 4 hours. Gold still had a head-and-shoulders top structure in 4 hours. Gold rose to around 2197 yesterday as a risk aversion, which was lower than 2200 last time. It rebounded many times and failed to break through 2197. Gold rebounded to 2197 every time. The high position gives the opportunity to go short, and the rebound near 2193 can continue to go short first.
The market situation is changing rapidly. Sometimes, don’t underestimate the role of a few dollars. This is the key position. The trend will change if it does not break or if it breaks. This is the turning point. Since gold cannot break through, it is possible to form a top structure. Gold continues to be short today.
GOLD - where is gold current support? Holding or not?#GOLD... So guys according to our today video analysis market very well hold his first area below 2367 that was 2354 55.
Now market have a region in chart means on hour chart.
That is start from 2367 to 2374
Means 5 to 7 points region,
That will be your most important region for further move to anyside,
If market hold it then a further bounce expected from here otherwise not at all.
In simple and short words, it's buying season, war season etc.
You should stay focused on every immediate support only..
And don't plan for a short until market hold your current support.
Good luck
Trade wisely
XAUUSD Buy AgainXAUUSD has dropped back to my original buy area zone after taking out Tuesday's high earlier today during the Asian Session. Now anticipating for price to go back up again from the same 1H Order Block. Note that it is Friday and the last trading day of the week without any major red news driver, and hence momentum to go all the way to take out today's Asian high may not happen.
Gold finally broke through the 2404 line, it is too strong
Gold prices surged above $2,400 an ounce as concerns about escalating tensions between Israel and Iran boosted safe-haven demand. Gold prices rose for a fifth straight week after unconfirmed media reports of explosions in Iran, Syria and Iraq. Rhetoric between Iran and Israel has intensified since last weekend's drone and missile attacks. Latest news According to ABC News, US officials said that an Israeli missile hit an Iranian facility.
Gold rose rapidly due to the news and finally broke through the 2404 line. There is still heavy pressure above the golden 4-hour chart. After the market's risk aversion ends, gold may fall back to a certain extent.
Gold’s safe haven ends, prepares for decline
Already made 18K profit, continue to short gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over $18K.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. 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.
Already made 18K profit, continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, gold first rebounded to 2392 today and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, the short-term rebound of gold did exceed my expectations.I originally thought that gold would not rebound beyond 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full 290 points of profit! Achieved profit of over $18K for the day.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 position area many times recently, and has started to fall downwards from there. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bull momentum, we can appropriately lower the short-term resistance expectations to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of news. With the current reduction in interest rate expectations, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, its dominance gradually declined, and the market always returned to the technical level. Overall, gold has a demand for a correction at the technical level, which to a certain extent has also suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may trigger a short counterattack and gold is sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies. The top focus will be on the key resistance area of 2390-2395.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
BTCUSDTNumbers one means buying smart money and numbers two means selling smart money
Smart money buys and sells along the way
Smart money has collected market orders by targeting the old valley and liquidity under the old candles and is expected to reach the upper region in the image for the last time.
Be brave and short gold!Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again.
In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because gold has stopped at the 2395 area many times recently.Then the area has become a key resistance level, and the short-term resistance level is in the 2388-2390 area. Therefore, for this short-term rebound, I do not expect gold to break through the 2388-2390 area, and then it will continue to correct.
After all, after gold has fallen so much, it will not rebound all at once. It needs technical secondary confirmation of support before it can continue to rebound. Therefore, even if gold will continue to rise, before it rises, gold should still technically step back to confirm support. . In addition, the short-term head and shoulders pattern formed by the short-term level currently needs to be digested by the short sellers!
Therefore, in terms of short-term trading, I still tend to 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.
Gold’s 3-game winning streak, how to trade today?
The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers.
Trading strategy; short around 2380, stop loss 2390, target 2370-2361