Goldtrend
Gold Thursday Trading Analysis and Signals
The current price of gold is 2186.5. The highest price today touched 2189. I think there will be room for growth in tomorrow’s trading.
My recommended trading strategy is:
1/Asia-Europe trading strategy:
If the golden line pulls back to the 2178-2181 range
BUY2176-2180 Target 2189-2195-2200
If gold first rises to the 2189-2193 range
SELL2189-2193 Target 2185-2182 sl
2/US trading strategy
Buy recommendation 2168-2173 Sell pending
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Gold execution As mentioned earlier this week, gold entered a flag formation in anticipation of today's Fed news, poised for potential upward movement. Today, we observed a bullish surge from 2150 around 12:30, gaining 100 pips before stabilizing in anticipation of further updates. With the flag pattern broken and a strong bullish sentiment, a retracement back to 2176 followed by a retest and subsequent rise to new highs is likely. This reaffirms our belief that the journey with gold is far from over. Hopefully, everyone capitalized on these opportunities and made some gains.
Gold market analysis
The price of gold is now $2157
From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern.
Focus on Fed rate decision and Powell press conference
The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference.
Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts.
It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year.
The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices.
Always pay attention to my signals to make the right choice from them.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold is about to have a big market, keep shorting goldDear friends, gold is currently oscillating in the 2155-2160 area. The trend of gold is relatively cautious, and the long and short forces are also relatively restrained. This is because the Federal Reserve’s interest rate decision is about to come and Powell holds a monetary policy conference. Therefore, before the news was announced, the market performance was relatively restrained and there was not much fluctuation. This is also the reason why I set the TP relatively small when I participated in the transaction yesterday.
In fact, according to the current technical level, gold fell short of expectations during its multiple rebounds. Not only did it fail to stand firm at 2170, it could not even break through 2165. And gold has consumed a lot of bullish potential in this process, and as the technical pressure above gradually moves downwards, gold's performance is getting weaker and weaker, so I personally tend to be bearish on gold. This is why I continued to short gold yesterday.
At present, our gold short position still has good profits. You can continue to hold it and wait for gold to hit TP and expand profits. 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.
Gold 2160 sold Target: 2150-2145The daily pressure line is obviously also in 2162, the average of the 5-day and 10-day line has been bad, waiting for the arrival of the data, the small volatility range is 2145-2162, the data let the price break through either side will form a big breakthrough, the current price is just near 2160 we can sell directly first.
Support 2145, pressure 2160-2162, disk strong and weak water line 2160.
Gold 2160 sold Target: 2150-2145
FOMC, Gold prices peak or fall sharply ???⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is still struggling to gain momentum and remains within a limited range, staying above the $2,150 level as we head into the European session on Wednesday. Speculation has been fueled by strong US consumer and producer inflation data released last week, suggesting that the Federal Reserve (Fed) will maintain its stance of keeping interest rates higher for a longer period. As a result, US Treasury bond yields remain elevated, which continues to support the US Dollar (USD) and puts pressure on gold, which does not provide any significant boost due to its lack of yield.
⭐️ Personal comments NOVA:
Interest rate information is very important today, a lot of previous information showed that interest rates will continue to stay the same
The US economy needs more time to reduce inflation, which is the factor pushing Gold prices to DOWN, facing huge buying pressure from the beginning of 2024.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2148 - $2146 SL $2143 scalping
TP1: $2155
TP2: $2160
TP3: $2165
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2145
TP2: $2160
TP3: $2174
🔥SELL GOLD zone: $2175 - $2177 SL $2183
TP1: $2170
TP2: $2160
TP3: $2150
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ 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
GOLD - support of the quarter year again, hold or not?#GOLD... market very well holding your supporting zone in first go today,
market placed 2149 arround and then placed 2164
well we have one n only region that is mentinoed on chart.
keep close it guys,
if market hold that region in that case only buying expected otherwise not at all..
FOMC will be most important even of current quarter,
always use stop loss guys..
good luck
trade wisely
The downward trend continues, choose to sell high againGold is still in a volatile pattern. The short-term trend continues to be suppressed by the pressure level of 2160 on the upper trend line, and the overall recent trend is bearish. Now that the counterattack has basically arrived, you can choose to sell at a high level again!
The fluctuating trend of gold prices is a good opportunity for us to sell high and buy low. Looking at the market, the key resistance levels above are at the turning point pressure of 2160 and 2163. Choosing Sell is just right! Trading is actually very simple. Choose the right direction, control the position risk, and the rest is to wait for the goal to be realized!
GOLD.. at support of the quarter year#GOLD.. market at his support of the quarter year actually.
We have only one region that is mentioned in chart clearly.
Keep close it and keep in mind that if market clear your zone that is 2145 to 2151
Then there is no break untill downside areas.
Then we have 2131 n 2121 as market immediate first areas and maybe you will see so on......
You can cash the consolidation untill didnot break your area but WHEN MARKET BREAK THEN CUTT N REVERSE IN HAND..
Please don't trade without stop loss.
Good luck
Trade wisely
Today’s gold price market trading analysis
On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150
Always pay attention to my signals to make the right choice from them.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Today's gold market price analysis
On Monday (March 19), the price of gold is now $2,159.
According to the current gold trend, gold prices will continue to fluctuate within a narrow range.
Gold remains at high levels and is trading sideways in a narrow range for the time being. On the four-hour gold chart, the price of gold is still suppressed by the moving average and is below the middle track of the Bollinger Bands. The high points are successively lower, seemingly forming a downward channel. The technical indicator MACD energy column continues to remain below the zero axis, indicating that gold's situation under short-term pressure has not changed significantly. Initial support below is $2,142.15, with further levels at $2,130.66 and $2,110.45. Only if the upper limit breaks through $2,176 can the upward trend be expected to continue.
Short-term gold trading recommendations: short around $2,160.
Always pay attention to my signals to make the right choice from them
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Can gold be shorted now?
Gold's current rebound is basically in place, which is also in line with expectations. You can go short around 2157
The golden hourly line is one wave lower than the other, which is an obvious short position. Of course, the resistance levels naturally decrease in sequence. The K-line starts from above the moving average again and directly breaks through the moving average. It is currently moving downwards against the moving average, and the four-hour line is still Keep the moving average suppressed. At least the moving average has been moving upwards. The pause button has been pressed, and there is an obvious downward bend. Continue to look below 2140.
Trading strategy: short gold 2157, stop loss 2166, target 2100, 2045
Gold price forecast to decreaseWorld gold prices have just experienced their first week of decline after 4 consecutive weeks of price increases. For the whole week, this precious metal price decreased by 0.8%.
Last week, the US Consumer Price Index (CPI) report was hotter than expected, weak retail sales and rising PPI had a negative impact on precious metals. Recent economic data shows that inflation remains high.
The market still expects the US Federal Reserve (Fed) to lower interest rates at the June monetary policy meeting, but confidence in the Fed cutting interest rates at this upcoming meeting is gradually weakening. . This week, the Fed will have a policy meeting on March 19-20.
Kitco expert Neils Christensen believes that this week will be a relatively difficult week for the gold market as the Fed discusses future policy directions and provides updated economic forecasts. According to Christensen, any “hawkish” rhetoric regarding a delay in interest rate cuts could create some selling pressure on gold.
Gold price real-time trading analysis
On Monday (March 19), spot gold bottomed out and rebounded, with the price rising at $2,150. According to the latest analysis, gold is supported at $2,145.35.
The price of gold is now $2,150.
According to the current gold trend, gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
Always pay attention to my signals to make the right choice from them.
It is recommended to go short in the short term: go long around $2150.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Continue sideways waiting for the day to breakWorld gold prices fluctuated little as investors waited for the US Federal Reserve's (FED) policy meeting on March 20 (US time). The meeting is expected to provide more clues about the timing of interest rate cuts this year.
Currently, the market is almost certain that the FED will keep interest rates unchanged at this meeting. What investors are waiting for are updated economic forecasts and interest rates from policymakers.
Chief market analyst Tim Waterer of KCM Trade commented that if the FED focuses on the recently announced US consumer price index (CPI) and producer price index (PPI) and the strength of the market, labor, hopes of loosening monetary policy will be extinguished. In that case, gold could lose that support and fall even deeper.
Currently, according to the CME FedWatch tool, traders are currently pricing in about a 51% chance that the Fed will cut interest rates in June, down from 56% on March 18.
In addition to the FED, policy meetings of central banks in Japan, England, Australia, Norway, Switzerland, Mexico, Brazil and Indonesia also attracted investors' attention.
Gold’s 5-game winning streak continues to be short goldDear friends, gold has rebounded again after hitting 2148 in the short term. Gold is currently trading near 2154. Judging from the current gold trend pattern, the bullish momentum of gold has not been exhausted yet, and gold is expected to continue its rebound. However, the technical pressure above is relatively strong.So gold is relatively in shock.
In fact, in my opinion, gold is currently facing a strong resistance area of 2165-2170 in the short term. Therefore, from a technical perspective, it is almost impossible for gold to rise sharply. Then gold will continue to pull back after encountering the resistance area. . So in terms of trading, I still insist on shorting gold at high levels.
How do you get involved in gold trading? 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.
GOLD BUYgold was working in bullish trend and is making a retracement to its bullish trend also in H4 its moving downwards in a channel also another confluence is gold has made a support level inside a downwards channel I am expecting a bullish move in near future to its previous resistance level which is also a very strong phycological level so we will be waiting for gold to break the channel and put our trade
here too we have a beautiful chance to put our longs because on this support level we are seeing bullish price action if it breaks this level we will be putting shorts otherwise we will be going long but my strong intuition is GOLD LONG
Gold 2162 prompts short selling, and it fell as expectedGold prompts short selling at 2162, and is now falling as expected.
The four-hour gold line is still in a short position, and there is almost no support below. A plunge is inevitable. The highs continue to fall. It is an obvious short position, and the moving average is also running downward. The K-line is suppressed. We continue to see a plunge.
Trading strategy: short gold 2162, stop loss 2170, target 2100, 2130
Gold is about to enter a weak zone and accelerate its declineThrough the analysis of the 4-hour chart of gold, we know that gold rebounded from the early trading to the pressure level of the downward trend line of 2163 and fell back. In the short term, we can clearly see from the chart that a concussive downward channel has been formed in the short term. We can see from the chart below The chart can also clearly see that the market is heavily involved in the short-term market at high levels. In the short term, MACD will run below the zero axis and further enter a weak market. In the short term, we will focus on the support of 2135 and 2124. In the short term, we will continue to short at high levels.
You can refer to my trading strategy, I hope it will be helpful to you
Real-time analysis of gold price
Today, the lower support will focus on 2145-50, and the upper pressure will focus on 2170. During the day, we will first rely on the high altitude and low long cycle of this range to participate in the rhythm of long and short shock operations. At the midline position, you should watch more and move less, follow orders cautiously, and wait patiently for key points to enter the market.
Always pay attention to my signals to make the right choice from them
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold price sideway waiting for interest rate information⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to benefit from previous day's rebound, hovering around $2,145, a one-week low. Speculations arise that the Federal Reserve (Fed) will maintain higher interest rates due to strong US consumer and producer inflation figures. This supports elevated US Treasury bond yields, bolstering the US Dollar (USD) and creating resistance for gold.
⭐️ Personal comments NOVA:
Gold price sideway on Tuesday waiting for the results of FED interest rates, the price range fluctuates from $2145 - $2170
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2175 - $2177 SL $2182
TP1: $2165
TP2: $2158
TP3: $2148
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ 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