Gold has been crazy recently, how to trade it?
Gold's 1-hour moving average continues to be arranged with golden crosses upward. It is difficult for gold bulls to make a major correction. Gold's US market directly continues to break upward. Then gold's short-term 3317 will once again form a support. If gold falls back near 3320, it can continue to go long.
Although gold is going crazy now, when you are bullish, you should also pay attention to the opportunity for a pullback. Unless the strength is suddenly strong at that time, don't chase the bullish easily. Wait patiently for the chance of a pullback.
Xausudsignals
Gold has two winning streaks, how to trade in the short term?The 1-hour moving average of gold has begun to turn gradually, and the strength of gold bulls has begun to weaken. Gold may continue to adjust in the short term. The 1-hour short-term double top structure of gold. Gold subsequently rebounded but did not continue to set a new high. Today, the rebound was under pressure at 3232 and began to fall back.Gold still has the opportunity to adjust, and gold will continue to watch the adjustment market in the short term.
Trading ideas: Short gold near 3230, stop loss 3240, target 3200
Can we continue to go long on gold?The 1-hour moving average of gold is still in a bullish arrangement with a golden cross, and there is still no sign of a turnaround, so the gold bulls are still strong, and now gold is just falling back. The short-term support of gold is 3193, and the gold US market continues to be bullish.
Trading ideas:Gold long around 3208 sl:3193 tp:3225
Will gold first fall and then rise today?
The gold 1-hour moving average is still in a bullish arrangement with a golden cross. Now the price is gradually approaching the moving average, but the gold bull trend has not changed for the time being. Patiently wait for the opportunity to adjust. Pay attention to the support near the previous low of 3185. The moving average support has now moved up to the line near 3177. Overall, gold may form a strong support near 3180. For today's gold trend, I personally think it will fall first and then rise.
Gold is strong, wait for a pullback to go longThe 1-hour moving average of gold has formed a bullish arrangement with a golden cross upward, and gold is now supported near 3100. If gold can stand firm at 3100 after the data, then we can continue to go long on dips.
Trading ideas: Buy gold near 3100, stop loss 2990, target 3130
Gold 3055 is very important!gold chose to break upward and is currently trading around 3043. For the next market, Monday's high of 3055 is very important. If gold stands above 3055 again, then the hourly chart will be a double bottom pattern, and the next rebound target will continue to advance towards 3115. On the contrary, if it cannot stand above 3055, then the market is still expected to fall back!!!
Gold continues to fall, what will happen next week?After the gold price fluctuated sharply at the high level in the past two days, gold finally broke down on Friday. In fact, the market was too active in the past two days, and the overall volatility was very large. In fact, it was still a little difficult to trade. Although the overall outlook is bearish, the rebound amplitude is actually not small each time. Now sometimes it rebounds more than 20 US dollars in a few minutes, so it may continue to fall after a loss. Now that the gold daily high is covered by dark clouds, how should we trade next week?
The gold 1-hour moving average has formed a death cross downward, so the gold shorts still have power, and the short-term gold can only rebound. After the rebound, the shorts will continue, and then the gold will enter a shock. After the high-level plunge of gold, the shorts will be more dominant in the short term. Unless there is a big positive news, it is difficult for gold to rise directly. The resistance for gold's rebound is 3076. If it is under pressure, then gold's rebound will mainly continue to be short on highs.
Can gold be shorted directly?The 1-hour moving average of gold has begun to turn slightly downward, and the strength of gold bulls has been suppressed. The 1-hour gold has now formed a head and shoulders pattern. If the strength of gold's rebound is limited, then the room for further decline of gold will increase.
Trading idea: short gold around 3032, stop loss 3042, target 3022
GOLD (XAUUSD): The Next Resistance is Here:
Many Gold traders are now speculating where is the next strong
resistance on XAUUSD chart.
I see a very peculiar zone ahead that is based on a significant
rising trend line that the market has been respecting since 2023
and 2900 psychological level.
Probabilities will be high to see at least a pullback from that zone.
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