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Goldtrend

Gold opens higher, does not chase the rise, is still expected to The crisis situation in the Middle East attracted global attention over the weekend. Although it seems to be in danger, it is actually on the verge of danger. All parties are working hard to turn the crisis around, and the impact on the market seems limited. After Iran launched a large-scale attack, it quickly announced the end of the operation, and Israel subsequently issued a tough verbal response. The market then looked forward to how the "Eagle" would express its stance. The result was no support for Israel's counterattack and market jitters were eased. The golden weekly line records a positive column with a long upper shadow line, which is a "shooting star". This is a common top signal. At present, the price remains above the moving average of each cycle, and the cycle indicators continue to maintain an upward trend. , initially deviated from the development of the K line. From a weekly perspective alone, gold still has demand and room to fall. On the daily line, a negative column with a long upper shadow was recorded last Friday. The physical part broke through the support of the five-day moving average. Prices ended lower. All cycle indicators maintain an upward trend, but the momentum has slowed down. The red energy column of short-term indicators shrinks. Once a dead cross is formed and trading volume increases, the trend will continue to fall in the short term. The higher open this morning was a result of the geopolitical situation over the weekend. Be sure to pay attention to the subsequent evolution of the situation at the beginning of the week, because it will have a greater impact on the market than technical guidance. We now give our expectations mainly based on technical adjustments. As of this morning, the price of gold hit a maximum of $2,372 and a minimum of $2,346, an increase of about $26, which was in response to and digestion of the weekend's geopolitical events. I continue to retain the expectation given at the weekend that there is limited room for gold to rise again in the short term, and I do not rule out the possibility of continued downward adjustment. Major resistance at the day’s top is seen at $2,372 (this morning’s high), with further extension resistance near $2,380. Short-term bottom support is seen at $2,346 (this morning’s low). Further support lies at $2,333, below which the support will be extended. Support is located in the $2320-2318 area. The current expected upper and lower space is a bit wide, because the volatility has intensified recently due to various factors, so the expected space has also widened accordingly. However, I want to be clear today that we will not be increasing our purchases in the short term. Trading remains high as we expect the phased adjustment to not be fully over yet. Special reminder: The above are all expectations if the geopolitical crisis does not break out or worsen. If emergencies occur again and trigger the precious metals market, we will make timely adjustments and follow up. If you agree with my analysis, please tell me
FXOPEN:XAUUSDShort
by cdfxcdfx
1
Gold made a perfect profit today, continue with the strategic la There must be some hobby, just like the love of time for plants and trees. I didn’t feel deeply about it before. As my trading time and age increase, I find this statement more and more wonderful! This kind of hobby is like finding a place for the soul to live. Especially every time I focus on the market and make a settlement, every time it runs as expected, it is like eating candy in life. I think this is my meaning, and my soul will eventually have something to rely on. In terms of gold, in early trading we directly prompted 2370-2 to be short. And after profit reduction, you can hold it in the mid-term and arrange two positions, namely short-term and medium-long term. Quick retracement of 2350 as expected. When it continues to be suppressed below 60 in the afternoon, it is necessary to go short directly. Although there was a slight difference of 1-2 US dollars and we did not enter the market, the market was in line with our expectations. After the European market retracement, what should be the next plan? After rising and falling in the early trading, the price continued to weaken in the afternoon. Even in the correction market, it was still weak in the evening. Weakness and extreme weakness need to be distinguished. If it is an extremely weak form, the price will definitely retrace without rebounding. But this is not the case currently. Instead, it rebounds first and then retreats. Therefore, the next strategy can focus on the 57-59 short position, use 63 as the defensive position, break the position to adjust the position, and continue to look at the vicinity of 48-43 below. If you have started to like my strategies, please let me know
FXOPEN:XAUUSDShort
by cdfxcdfx
Can gold maintain its high price?World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that pushed gold prices above 2,150 USD/ounce in a short time. After December's rally, many analysts expect prices to test support around $1,950 an ounce as the precious metal remains weighed down by interest rate expectations. In fact, many investors missed the first breakthrough increase in March while waiting for a larger correction. Previous predictions of a correction made Friday's price action interesting. Analysts have noted that investors who missed out on the March rally will be eager to jump in on the dip. However, a problem that investors are facing is determining the entry point. Recently, this precious metal has continuously ignored traditional "headwinds" to enter new record areas. While gold maintains its upward momentum, there are multiple support levels to watch. Some experts note that investors should watch for the initial support level at 2,350 USD/ounce, then 2,285 USD/ounce. Experts still believe that gold's upward momentum has just begun. Although high inflation may force the US Federal Reserve (Fed) to maintain positive monetary policy longer than expected, gold still demonstrated its resilience by ending the week at a record price. The other continent is 2,360.2 USD/ounce.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold is bound to fall after gapping highDear friends, tomorrow will start a new week of trading journey! Let’s first summarize this week’s trading results. Personally, my overall profit this week was over $68K, which I feel is a very good trading result. Although I occasionally suffered losses in this week's transactions, I was able to seize 95% of the trading opportunities and successfully make profits. I think this is a very good result! Hopefully we can keep up the good work next week! For the gold market next week, due to the escalation of conflicts in the Middle East, gold may have the conditions to jump short and open higher on Monday, or gold may be the first to rebound with the support of safe-haven assets. If gold rebounds as expected, we will first focus on the resistance in the 2365-2370 area above. In addition, on Friday night, gold fell back from its highest position near 2431 to its lowest position near 2334, a correction of almost $100. This is a sharp correction that has never occurred recently. I think this may intensify market panic to a certain extent and cause a certain range of selling, which is detrimental to gold. In addition, from a technical perspective, gold has undergone a deep correction, which has consumed the momentum of bulls and also destroyed the bull pattern to a certain extent. There may be a peaking signal in the short term, so gold may continue its correction trend. Therefore, I predict that gold will stage a trend of rising first and then pulling back in the trend next week. Therefore, in terms of trading, in terms of the main trading rhythm, I will focus on shorting on rallies, and first focus on the resistance in the 2365-2370 area above. Of course, I will adjust the specific trading strategy according to the real-time intraday market conditions. No matter what, I wish us to achieve greater success in trading next week! 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
1
GOLD → Measured Move Complete!? Pullback to $2,200? Let's AnswerGold had a strong breakout above $2,075 on March 24th, 2024, leading to a measured move target of roughly $2,400. Gold overshot to $2,430 and ended last week with a strong sell signal at the target. Should we short here? How do we trade this? 🤔 This is an optimal time to short on the lower timeframes given we see a confirmation candle on the hourly chart. I would remain bullish on Gold given the macro trend on the higher timeframes like the Daily and Weekly. After three pushes up post-breakout, hitting the measured move target, and the Daily RSI being overbought for about 6 weeks, we should wait for the price to pullback from the breakout, likely a standard 50% pullback toward the price of the first push up; $2,200.00. Look for a buy signal candle and confirmation off of this area to enter a 1:2 long trade targeting a take profit around the measured move high of $2,350. Taking half profits at this target is reasonable then swing the latter half of the position until we see a sell signal. After the completion of that measured move target, I would be cautious that the price wants to go any higher before hanging around in this area of price via trading range. 💡 Trade Idea 💡 Long Entry: $2,225.00 🟥 Stop Loss: $2,162.50 ✅ Take Profit: $2,350.00 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Breakout of long-standing $2,075 resistance 2. Three pushes up to complete the measured move target 3. Strong sell signal after hitting that target, look for 50% pullback to Push #1 Support area 4. Look for a strong buy signal and confirmation bar, targeting a 1:2 Risk/Reward ratio trade 5. RSI at 72.00 and below the Moving Average. Has been overbought for 6 weeks on the Daily timeframe, supports pullback. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
TVC:GOLDLong
by TraderEngineering
Gold prices rise strongly Friends, what I have been suggesting in the past few days has been to go long at the right price. After the release of non-agricultural employment data, the price of gold was suppressed and there was a certain downward adjustment. However, the trend of gold prices is upward, so after the impact of the news, the gold price surged, and now the gold price remains above $2,320. It is consistent with my previous prediction, and it is also very important to grasp the rhythm of trading. I wish you all good profits in your trading!
OANDA:XAUUSDLong
by Gold_Digger_King
1
Gold’s rally isn’t over yet, bullish outlook continues next week Gold prices were indeed exciting yesterday, with a unilateral plunge of nearly $100. Judging from the current trend, bulls and shorts are intertwined, and the trend has fallen into a chaotic stage. The fundamental reason is that after a sharp decline, gold prices will still have the power to fall with inertia. Another point is that the gold price has not yet fallen below the previous wave low of 2319 at the one-hour level, and the downward wave has not yet formed! Although there is support below the upward trend line, there are signs of recovery in the short term, and the overall trend is still in a volatile upward pattern! Regarding the layout idea for next Monday, we mainly refer to the 2319 watershed, but I think the probability of directly testing $25 at the opening of Monday is not high, so the overall idea is still bullish! In addition, it can be seen from the Fibonacci indicator that the retracement ratio of this round of upward attack at the daily level has not yet reached 0.382. At the same time, even if the sharp downward trend falls below the support of the two moving averages at the one-hour level, the moving averages still show a golden cross shape, and the short-term still has the ability to restore momentum! In other words, everyone should know that gold prices are still in a bullish trend! Therefore, we will continue to be bullish in the short term next Monday. Unless it falls below the 2319 line, we will not start to change our thinking! If you are still confused about the current fashion trends, you can tell me in the comments below. specific strategies Gold is above 2325-2330, stop loss 2315, target 2360 Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
TVC:GOLDLong
by cdfxcdfx
3
Gold price in UP trend line !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 4/15 - 4/19/2024 🔥 World situation: Gold price ended the week with slight gains of 0.59% after reaching a record high during the North American session on Friday. The price movement was volatile due to geopolitical risks, which led to a surge in demand for safe-haven assets. As a result, the non-yielding metal rose to $2,431, a new all-time high, before declining due to overall strength in the US Dollar. Currently, the XAU/USD pair is trading at $2,343, down 1.18%. According to reports, Iran is preparing to retaliate against Israel in response to an Israeli attack that resulted in the deaths of seven Iranian officials two weeks ago. Furthermore, the latest US inflation data released on Wednesday and Thursday caused fluctuations in the value of gold. Following the release of the US Consumer Price Index (CPI), the non-yielding metal dropped to $2,303. However, this decline was short-lived as inflationary pressures eased after the Producer Price Index (PPI) report showed readings below market expectations for February. 🔥 Identify: Gold price reached its highest peak at 2432, then decreased sharply. However, it is still within the 2-margin price uptrend line. Comments on Gold prices still have momentum to increase in price after the Israeli military tension escalated 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2398, $2430, $2450 Support : $2305, $2230 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
5
GOLD- one n only support, short only below..#GOLD... Well guys, as we discussed in our video analysis that 2334 35 is the one of the most important supporting area of the next week, No doubt war season is going to start again, What so ever will happen in next week from Iran or Israel, On chart we have only 2334 34 as major supporting area, If market hold it then you can see again bounce from here but if break then first target will be 2305 and the. So on.. Good luck Trade wisely
FX:XAUUSD
by AdilHussain731333
GOLD This WeekGold for this week, there are 2 buy zones, first one starts at 2335$-2328$, the second zone starts at 2296$-2278$ these two zones have the potential to bring gold up to a target of 2497$. If the zone of 2335$-2328$ breaks with a 4H candle the downside scenarios will begin and it will be a reason of agreement between Iran and Israel and gold will go down to 2296$ , if 2278$ breaks with a 4H candle completely the direction of gold would be a descent until reach to 2230$,as long as the the price of gold stays above 2278$ the direction will be ascent and the war would be continued between Iran and Israel The zone of 2334$-2278$ will decide on the future of the war between both countries Iran and Israel , whether they continue or end it Just keep in mind that this is my analysis and it's always important to be cautious when trading.
OANDA:XAUUSDLong
by MajdAbdolMajeed
Gold Loses Luster: Rally Stalls After Reaching $2,400 Threshold The allure of gold has dimmed somewhat this week, with prices slipping after a surge that saw them breach the psychologically significant $2,400 per ounce mark. This pullback suggests that the recent rally, fueled by heightened geopolitical tensions and economic uncertainty, may be reaching its peak. Gold's Allure: A Haven in Uncertain Times Gold has long been prized as a safe-haven asset, a reliable store of value in times of market turmoil and economic instability. Investors often turn to gold when traditional asset classes, like stocks and bonds, experience significant volatility. The precious metal's lack of a direct correlation to the stock market makes it an attractive hedge against broader market downturns. Recent Rally: A confluence of Factors The recent surge in gold prices can be attributed to a confluence of factors: • Geopolitical Tensions: The ongoing war in Ukraine and the simmering tensions between Israel and Iran have stoked fears of a wider conflict. These geopolitical uncertainties have driven investors towards safe-haven assets like gold. • Inflation Concerns: Inflationary pressures remain a major concern for investors globally. Central banks around the world are raising interest rates to combat inflation, but this can also lead to slower economic growth. Gold is often seen as a hedge against inflation, as its price tends to rise alongside inflation. • U.S. Dollar Fluctuations: The U.S. dollar, the world's reserve currency, has experienced some volatility in recent weeks. A weaker dollar can make gold, priced in dollars, more attractive to international investors. Reaching the Peak? Profit-Taking and Interest Rate Woes Despite the factors supporting gold, the recent price pullback suggests that the rally might be losing steam. Here's what might be contributing to the shift: • Profit-Taking: After a significant price increase, some investors may be choosing to take profits, locking in gains before the price falls further. • Rising Interest Rates: While inflation remains a concern, the Federal Reserve's recent interest rate hikes have strengthened the dollar. A stronger dollar makes gold less attractive to investors, as it increases the opportunity cost of holding non-interest-bearing assets like gold. Higher interest rates also make other investment options, like bonds, more appealing. The Geopolitical Factor: A Double-Edged Sword The ongoing geopolitical tensions, particularly in the Middle East, remain a wild card for gold prices. While these tensions initially fueled the rally, they could also lead to a sharp sell-off if a full-blown conflict is averted. Investors are carefully weighing the potential for further escalation against the possibility of a diplomatic resolution. Looking Ahead: A Balancing Act The future trajectory of gold prices will depend on a complex interplay of factors: • The Path of Geopolitical Tensions: If tensions in the Middle East escalate, it could reignite the rally in gold prices. However, a de-escalation could lead to a significant price correction. • The Federal Reserve's Policy Tightening: The Fed's monetary policy decisions will significantly impact the dollar's strength and investor sentiment towards gold. Continued interest rate hikes could dampen the gold price rally. • Global Inflation Trends: The persistence of inflation could continue to support gold prices, as investors seek a hedge against rising costs. However, if inflation starts to recede, it could diminish the appeal of gold. Beyond the Headlines: Other Factors at Play While the aforementioned factors are the most prominent drivers of gold prices, other developments can also influence the market: • Central Bank Activity: Central banks around the world hold significant gold reserves. Their buying or selling activity can impact the overall supply and demand dynamics, influencing prices. • Physical Demand: Physical demand for gold from jewelry manufacturers and other industrial users can also affect prices A rise in physical demand, particularly from major consumers like China and India, could provide support to gold prices. Investor Considerations: A Long-Term Perspective For investors considering adding gold to their portfolios, a long-term perspective is crucial. While gold prices can be volatile in the short term, they have historically trended upwards over extended periods. Investors should carefully assess their risk tolerance and investment goals before allocating a portion of their portfolio to gold. Gold vs. Other Safe-Haven Assets: Investors seeking safe-haven assets should consider alternatives to gold, such as: • Treasury Bonds: U.S. Treasury bonds, particularly long-term bonds, are another traditional safe-haven asset. They offer investors a steady stream of income and are generally considered to be a low-risk investment. • Swiss Franc: The Swiss franc, known for its stability, is another popular safe-haven currency. Investors can gain exposure to the Swiss franc through currency-denominated investments or exchange-traded funds (
OANDA:XAUUSDLong
by bryandowningqln
Gold's 11th consecutive win, let's set a recordDear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum near 2431, and then fell by $70, hitting a minimum near 2361. It's a crazy roller coaster ride. I think some people are happy and some are worried in today’s market! At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profits and follow the trend to sell. This led to a sharp decline in gold. Gold is currently trading near the 2350 position. Can we go long gold again? I think there should be no rush to get involved in market transactions for the time being. Because the current sharp decline in gold will cause market panic and easily lead to a wave of gold selling, gold may still fall inertia. So we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think this is reasonable. Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down its decline in this area, perhaps we can consider trying to do long gold in small batches around this area. 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.
OANDA:XAUUSDShort
by Trader_Manuel
Gold finally reached the 2370 lineGold has still reached the 2370 line. After the K-line fell back, it rose higher. This trend is of historical level. Next, we will continue to focus on long positions at low levels. A big positive line directly pierced the rhythm of the sky, and almost all rose rapidly. The moving average continued to rise vertically, and all K lines stabilized the moving average. Relying on the moving average, it reached a record high. Is 2400 still far away?
TVC:GOLDLong
by Donald-king
XAU/USD Gold has potential..but could go wrongThis is a long analysis I made both for myself and to share it with you, I have to say that, I don't usually trade Gold. And I won't be able to comment on the current state of world and news. So this analysis will be focusing only on the charts, please consider the market data and news before taking any position. I summarized everything at the end of the post... Looking at the really long term picture of Gold, we can see that Gold tried to break higher several times before. This time however, as shown, it has a sweet bounce above the trend. It managed to show much more bullish behaviour than before. In my view, this can go both ways; it can reach new highs which I expect and the first profit target would be 2400$ or second possibility It gets rejected really quick and falls down to levels such as 1850$ Market news and short-term movements will decide.. We can see that the price got rejected as it should at around 2200$ I will investigate Gold in separate parts, each time narrowing the timeframe. on this frame, which is again a wide look to see the long term potential. I see a strong bullish behavior rising within the pink trend. this should be able to break through the 2200$ mentioned on the previous chart snapshot. Unless a downtrend, that is much larger than the blue one, I expect the Gold to move within the trend, potentially reaching the 2400$ target. Since we confirmed the long term behavior, now lets examine the short term behaviour, because a drop to 1850$ would still make the long term viable but significantly extend the trade duration making it unfavorable This time I will be looking within the pink trend in detail... we are down to the last 3 years, we can identify the bullish turn from this frame too. the blue downtrend within the previously mentioned pink uptrend is broken. If the price keeps rising above 2200$, The more steep purple trend should be able to push the price a bit beyond the white trend to the 2250$ point. After that, I expect the price to move with the strong bullish behaviour... around 2250$ the price will stick above the upperband of the white trend and after some short consolidation, potentially create a much steeper version of the white trend making the old one insignificant and rise rapidly to 2400$. Or If the price can't go pass 2200$ and starts falling, Will probably retest the 2080$ and maybe even fall further... a more detailed analysis will be necessary in that case, since the trade length will significantly increase.. Now I will be looking if the price will pass 2200$ and how am I going to keep track of it. We are down to a month long frame, the pink and purple lines are the trends more focused and carried from the previous frame to fit the short term approach, I use them as guides.. At 2200$ the really steep uptrend ended, bearish movement started shown with the yellow trend, If the down trend is broken and again another bullish move starts. I expect another trend to be formed, in place of the older steep white trend, marked with bold white stripes. the price should be staying close to 2180$-2190$ marks and we will see if it can get past 2200$ If it does, the price should continue rising as I mentioned on the previous frame. If bearish movement continues and yellow trend can't be broken yet, price should fall back to around 2145$-2150$. And further failure to break above will result in prices such as 2080$ but I will be investigating the short term again if that happens. In summary, Long term approach Bullish no matter what. Price Target 2400$ for now... but for a more detailed entry idea the timing of the trade however will change depending on two conditions; 1- If it can break above 2200$ I expect to reach price target in 2-3 months. 2- If it falls below 2150$ the trade will be postponed until a more solid level is reached possibly around 2080$ In either case, market news will play a big part on this... And I would appreciate any different ideas on the comments I will be updating this from time to time.
OANDA:XAUUSDLong
by Kivvwi
38
GOLD-Strong upward trend The United States expects Iran to launch an attack on Israel, but it will not be large enough to involve Washington in a war, a U.S. official said yesterday. As soon as this news came out, it once again had a great impact on the current financial market. Gold once again had room to surge and hit a new high. Although the US dollar also rose, it could not affect the current absolute strength of gold. In the case of extremely unstable geopolitical situation, gold has a dominant position as a safe haven. Today we will pay attention to the monthly rate of the US import price index in March and the initial value of the University of Michigan consumer confidence index in April, as well as the speeches of Federal Reserve officials and news related to the geopolitical situation. After yesterday's 4H level top divergence correction was forcibly interrupted, if the 4H MACD fast and slow line crosses again, a second divergence will be formed, and the magnitude of subsequent adjustments will increase. Although gold has been oscillating up and down recently, it is still oscillating under an upward trend and the trend is strong. Friday trading also needs to follow the trend. Therefore, no matter how it adjusts or falls in the near future, as long as it does not fall, it is an opportunity to go long. For example, the previous 2302, yesterday's 2325. For today's market, the technical point is also very obvious. The unilateral moving average support of the H4 cycle is at 2372, and the previous double top turned into double support point price at 2365. There has been a lot of volatility recently, so you still need to pay attention to your position. If you choose to sell, be sure to trade with a small position. Join me, follow my strategic trading, and improve your success rate
FX:XAUUSD
by UnknownUnicorn68604160