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Goldtrend

Gold stuggles at the Highs of the weekly range 2,393 🪙Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently bearish during Thursday NYSE as price appears to be rejecting the Daily resistance (2,383) once more. We may retrace back to the bottom of the range at 2,360
FOREXCOM:XAUUSDShort
by ShrewdCatfx
Who is buying gold at this time? bullion is turning to all-time highs again, however this time buyers are fleeing gold miners` shares in droves. Even gold exchange-traded funds, which use buyers` cash to collect bodily stockpiles of bullion, are contracting as gold costs rise, that's exactly the alternative of what many analysts expected. The disconnect ties right into a broader fashion wherein the profile of the biggest customer of gold has shifted: buyers are fleeing the gold industry, dumping gold mining shares and redeeming gold ETFs, at the same time as imperative banks across the world, especially in China, have dramatically multiplied annual bullion purchases at some stage in the beyond years. The chart underneath illustrates this ramped-up shopping for from international imperative banks. We`re searching at purchases relationship again to 2010. Notice how the extent of gold sold in 2022 and 2023 towers principally different years.
TVC:GOLDShort
by MrTrongVo
Profit of 11K, both long and short have profit potentialToday’s gold trading situation is as follows: 1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696 2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228 3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769 Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have once again continued our 9-game winning streak in recent gold transactions. This is a very good result. For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it has repeatedly risen to 2400. So after failing to break through many times, whether it is due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time. The correction is coming as soon as it comes, and the current lowest level of gold has fallen back to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even near 2350, which means it may replicate the short-term trend of April 16th,thus laying the foundation for short-term adjustment trend pattern. Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to go long gold directly now, because once gold cannot recover its losses as soon as possible, gold may continue to fall. So before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will make a corresponding trading plan! 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:XAUUSDShort
by MagicTrader_Manuel
2
Gold Shines in Emerging Markets, While Silver Seeks RefugeThe recent economic landscape has painted a fascinating picture for precious metals. Gold has emerged as a champion for investors in economies with developing currencies, like the Turkish Lira (TRY), Indian Rupee (INR), and Chinese Yuan (CNY). Conversely, silver seems to be finding favor as a store of value in more established economies with mature currencies, like the Euro (EUR). Understanding the economic forces behind this divergence can provide valuable insights for investors. Emerging Market Reliance on Gold For emerging economies, gold has historically served as a hedge against inflation and currency devaluation. As these economies experience higher inflation rates and potentially weaker currencies compared to their mature counterparts, the allure of gold's perceived stability grows. • Inflation Hedge: When inflation erodes the purchasing power of local currencies, gold's historical tendency to maintain its value becomes especially attractive. Investors in these markets can turn to gold to preserve their wealth. • Currency Devaluation Shield: A weakening local currency can make imports more expensive and hinder economic growth. Gold, on the other hand, is often seen as a global currency, offering a sense of security against fluctuations in the domestic currency. • Safe Haven Appeal: Emerging economies can be more prone to political and economic instability. Gold's reputation as a safe-haven asset provides a sense of security during turbulent times. Silver's Appeal in Mature Economies While gold thrives in emerging markets, silver seems to be resonating with investors in mature economies for different reasons: • Industrial Applications: Silver's extensive use in industrial applications, particularly in the green energy sector with solar panels and electric vehicles, makes its price more susceptible to economic growth. As mature economies tend to be more stable and have a higher potential for sustained growth, silver can benefit from this positive economic outlook. • Lower Barrier to Entry: Compared to gold, silver has a lower price point. This makes it a more accessible investment option for a wider range of investors in established economies, where wealth distribution may be more even. • Hedging Against Stock Market Volatility: While not as traditional a safe haven as gold, silver can offer some protection against stock market downturns. Its price often exhibits a positive correlation with the stock market during periods of economic growth, but it can also hold its value or even rise slightly during market corrections. The Interplay Between Currencies and Precious Metals The strength of a country's currency can also influence investor preferences for precious metals. • Strong Dollar, Weaker Silver: A strong U.S. dollar (USD) can make dollar-denominated assets like silver cheaper for investors holding other currencies. This can potentially lead to increased demand for silver in economies with weaker currencies. • Euro's Stability, Silver's Holding Power: The Eurozone, though facing its own economic challenges, offers a more stable currency environment compared to some emerging markets. This stability could make silver an attractive option for investors seeking long-term value storage without the volatility associated with emerging market currencies. Investing Considerations Gold's recent performance in emerging markets and silver's traction in mature economies highlight the importance of considering the interplay between economic conditions, currency fluctuations, and investor preferences. • Diversification: Including both gold and silver in a portfolio can provide diversification, offering protection against different economic scenarios. • Long-Term Outlook: Both gold and silver have a history of holding their value over time. Investors should consider their investment horizon and risk tolerance when deciding how much of their portfolio to allocate to these precious metals. • Economic Context: Understanding the specific economic climate, both globally and within the investor's own country, can be crucial for determining which precious metal may be a more suitable investment choice. The ongoing dance between gold and silver in the context of emerging and mature markets presents a dynamic and ever-evolving investment landscape. By staying informed about economic trends and understanding the drivers behind investor preferences, individuals can make informed decisions about incorporating these precious metals into their portfolios.
OANDA:XAUUSDLong
by bryandowningqln
GOLD-Range trading Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay attention to the speeches of Federal Reserve officials and pay attention to the Federal Reserve's Beige Book of Economic Conditions. From a technical point of view, the daily cycle is a strong unilateral, and the K-line closes on the unilateral moving average support. The support points of concern during the day are around 2372, 2363, and 2348, and the upper resistance range is around 2400-2405. 4H is a standard range oscillation. The support is near the Bollinger Band. The support of the 4H Bollinger Band is near 2372. This is the same as 1D. Therefore, you can wait until the support point is reached to buy today. You can also choose to sell in the resistance range, SL: 2409, and control the position reasonably so that you can ensure your success rate. The market changes quickly, and real-time analysis is more important. If you think my analysis can help you, contact me Follow my trading strategies to greatly increase your trading success rate, so that you can make profits through trading
FX:XAUUSD
by UnknownUnicorn68604160
Gold hits its peak again, will the market outlook continue to su When you can study, study with all your heart. When you can work, work with all your heart. Don't think about comfortable things in your youth. Don't choose to be comfortable at an age when you should struggle the most. Remember: in every period of time you live, do what you think is the most meaningful. On Tuesday, as Powell signaled that the Federal Reserve had no plans to cut interest rates in the short term, the U.S. dollar index continued to strengthen, recording its fifth consecutive positive day. U.S. bond yields extended their gains. The 10-year U.S. Treasury yield once approached the 4.7% mark, hitting another five-month high, and finally closed at 4.661%. The yield on the 2-year U.S. Treasury note, which is most sensitive to the Fed's policy rate, hit the 5% mark again during the session. Risk aversion limited gold's losses despite Powell's attempts to blunt market expectations for a rate cut. Spot gold approached the 2,400 mark during the session, but then fell back. After gold hit near 2,400 overnight on Wednesday, it once pulled back to a low near 2,372 in early trading today. As of now, it has risen again to above 2,390. Judging from the current hourly chart: It can be seen that gold is currently in a rising flag shape, so there is a high probability that gold will reach the top again and return to above 2400 again. The current top of the hourly chart is around 2408, and the bottom support is at 2380-85. Therefore, if nothing unexpected happens today, there is a high probability that it will remain within this range and consolidate. Therefore, it is best not to look at unilateral trends in current operations. At present, long and short prices fluctuate greatly every day, which can easily be counterproductive. In terms of current operations, I suggest you wait for 2380-85 to enter the market and go long, and look at the high point of 2405-08. Or wait for 2405-05 to go short, and continue to look at the 2380-85 support position.
FXOPEN:XAUUSDLong
by cdfxcdfx
Gold still has room to rise after retreat! Gold has been fluctuating at high levels recently, and the overall trend is still bullish. The pullback is an opportunity to go long, but don't chase the long position at high levels, and wait patiently for the opportunity to fall back. At present, gold's upward momentum is intact, with short-term support at 2373, which is also the 5-day moving average. Stronger support is at 2362, which is yesterday's low. In terms of operation, today it is recommended to continue to do long gold at 2373, 2375, and 2365, with the target of 2400, and to wait until 2420 is raised for short orders before considering. Thank you for your suggestions for my analysis.
FXOPEN:XAUUSDLong
by cdfxcdfx
Gold cashes in on the 2300 line, will it be short next?Gold cashes in on the 2300 line. Friends who follow the signal have already made a lot of money. Time is of the essence, let’s talk about the results first! Today's 2290 is a very important dividing line between long and short, and it is the key point that determines whether gold can continue to strengthen in the short term and reach new highs! Above this price, bullish. But if it falls below this level, it is very likely that gold will plummet in the short term! First of all, the daily channel pressure is in the 2300 mark area. Yesterday, the price hit 2304 for the first time and then fell back at a slow pace. It fell as low as 2282 and then rebounded and hit 2300 again but weakened! Then the price began to fluctuate and began to rise to 2304 for the third time and fell rapidly. At this point, the three attempts to reach the 2300 mark during the day were all crushed. Currently, the outline of short-term high shocks has emerged, with the high at 2304 at the top and the low at 2280 at the bottom! High range shock! However, judging from the one-hour closing price, the key support below the high box is at 2290. In other words, if it falls below this level, the one-hour pattern will peak and turn short! This is the first top form since the bulls started rising at 2157, which is of great significance! What does it mean when a one-hour top pattern appears after a large unilateral rise? To put it simply; First, 2300 is the daily level channel pressure. Second, after the high price box consolidation, it fell below 2290 and the one-hour pattern reached a top and turned short! Third, after bulls unilaterally rose from 2157 to the current historical high of 2304, a one-hour top signal appeared for the first time! This is the first top signal after the bulls unilaterally rose by $147! The above conclusion is that the daily level pressure coincides with the one-hour top shape, which can be understood as cyclical resonance! And yesterday's three upward surges have also shown that regional pressure at the 2300 mark exists! Once a technical adjustment is made, it must be a deep adjustment. This is a technical adjustment based on the sharp rise of 147 US dollars. Conservatively speaking, it will fall to 2267 or even 2250! Of course, this excludes the possibility of false bursts!
FXOPEN:XAUUSDShort
by Leo-trading-star
2
Yesterday, two long orders made big profits. Today?Yesterday's article prompted two gold long orders. The long orders entered the market all made huge profits, and the final gold price reached 2,400. The bottom of the golden four-hour line is supported by the big positive line, and the K line is difficult to move downward. The K line strongly reverses the moving average and pulls it upward, and the inclination of the moving average intensifies. The K line stabilizes the moving average throughout the whole process, and the lows are constantly moving upward. From 2323 to 2355 and then to 2375, the slope is obviously upward. Trading strategy: Gold is long near 2375, stop loss is 2366, target is 2404 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
Gold bulls are making perfect profits again!Dear friends, in addition to being exciting, it is still so good. Today we went long gold at 2370 and 2365, all of which hit TP and made considerable profits! Today, gold has retreated to the 2365-2360 area many times. When the gold adjustment is over, a new round of upward movement is inevitable. After gold has deeply stepped back to the 2363 position, the candle chart continues to rise along the moving average, all the way up! The current highest level is near 2398. Of course, this is not the end. I think we will definitely meet again at 2400! For trading, I will still maintain the rhythm of falling back and doing long, and focus on the short-term support area of 2380-2375 below. 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
2
Gold bulls are too strong, can we go long?Gold once reached the 2325 line, but then the big positive line directly pulled up 70 US dollars to around 2395. This is obviously a strong performance of the bulls. The four-hour line is also obviously stepping on the moving average and soaring directly. The K line just falls back to the position of the moving average, and then takes off directly relying on the moving average. The low point keeps moving up, and the slope is obviously upward. Trading strategy: Gold 2378 long, stop loss 2370, target 2404
TVC:GOLDLong
by Donald-king
Gold continues to be short in the short term Some things we think will continue tomorrow; some people we think we will meet again after separation. We believe that yesterday, today and tomorrow should be no different. However, just once, when we inadvertently let go or turn around, some people and some things will stay with us forever! Therefore, grasping the moment is the most real thing! In terms of gold, the U.S. market bottomed out again yesterday, and the hourly line basically closed at the negative line of around $30. The daily line also hit its highest level near 92 in the morning, with an increase of nearly $70. It can be seen how shocking the recent fluctuations in gold have been. As the gold base becomes larger, we also need to adapt to the fluctuations of gold in a timely manner. Then we can reduce the position appropriately and increase the stop loss to deal with it. Yesterday's sharp rise is a strong signal for bulls, and is this bull's rise a continuation of the previous strength? Or did the short sellers start a new round of correction in the later period after this wash? As far as the current technical indicators are concerned, it is still a bullish signal. At present, after the gold correction in early trading, the European market has begun to fall back to around 68, while the 5-day and 10-day lines below have basically maintained around 60 and 40, because the European market has begun to pull back strongly, and it is still after the pullback before the US market. Need to go short. If there is a counter-draw before the US market, go short around 79-80, with a target around 50-30. A loss of 88.5. Gold is short around 79-80, with a target around 50-30, and a loss of 88.5.
FXOPEN:XAUUSDShort
by cdfxcdfx
XAUUSD:15/4 Today’s Analysis and StrategyDaily resistance is 2374, support below is 2326-2320 Four-hour resistance is 2374, support below is 2326-2320 Gold operation advice: Last Friday, relying on the 2370 mark, the unilateral rise and breakout trend started, and then further accelerated to reach the 2390 mark. The U.S. market ushered in an accelerated surge to break through the 2400 point integer mark, and fell back under pressure near 2432 and moved quickly. fell, and started a unilateral downward trend, breaking through the bottom of 2370 and reaching around 2333. The overall price accelerated above 2400 and then quickly fell back under pressure, and the price closed below the morning rising point of 2370 to welcome a deep adjustment. From this wave of bullish upwards From the perspective of the time cycle, the current market expectations for bulls have basically been completely released. In the short term, focus on the long and short watershed below the daily line of 2320. Standing firm at 2320 is still the bull trend. From the daily analysis, the 2320 position will be the watershed between the daily long and short strength. Above it is the 2374 pressure level. During the day, rely on this range to sell high and buy low, and wait patiently for key points to enter the market. Once 2320 breaks, the short trend will begin. ! BUY:near 2320 SELL:near 2374
OANDA:XAUUSDLong
by ActuaryJ