The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Xauusd1h
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
FOMC assembly previewThis week, dangers tilt towards a much less dovish outcome, with the opportunity of a mean Fed fee hike for 2024 to 4.9% or simply fee cuts for 2024. Such a alternate could require simplest FOMC members (out of 19) to shift their expectancies to better hobby rates.
Notably, Fed Chairman Powell said that the FOMC desires to see ongoing low inflation to have the self assurance to provoke hobby fee cuts in his maximum latest press conference. Instead, records in latest months indicates excessive inflation (if now no longer outright increase) and persevered energy withinside the exertions market, suggesting that Jerome Powell and organisation might not want to reduce Strong hobby fee discount as formerly expected.
XAUUSD:Data will be positive for gold bears
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk.
Because the market has already experienced a surge, short sellers are likely to use the data to stimulate a strong sell-off.
If it is beneficial to the gold bulls and the bulls take the opportunity to counterattack, to regain the advantage, they must break through the resistance in the 2180-2186 range, and the fluctuations will be huge.
Therefore, friends who follow, please do a good job in risk management and don't let your account be blown.
GOLD forecast (XAU/USD) tomorrow and this weekGold is a commodity and an global equivalent, tied to the fee of world currencies and different assets. The benefits of gold are that it's far to be had in restrained quantities, has business uses, and is used as a part of the gold and forex reserves of many vital banks. Unlike currencies and stocks, gold will in no way lose fee. On the contrary, due to the fact gold is rare, it's going to best get extra costly withinside the lengthy run. The position of gold in buying and selling relies upon on lengthy-time period investment. This is a shielding asset; Its charge will increase in the course of worldwide crises, whilst the charges of inventory indexes and currencies towards the USD fall. When the worldwide financial system is developing positively, gold charges decrease.
CPI gold trading strategy
#XAUUSD Important CPI data will be released tomorrow, which will greatly affect the trend of gold. The current 1h trend of gold is still in a triangle shape. The top is temporarily around 2189-2195. Near 2154-2159 below. I think we can buy gold first in the short term during the Asian and European trading tomorrow. Target area 2189-2195. Then sell or continue to buy gold based on CPI data.
Asian and European trading buying area: 2175-2180
After the US CPI data is released:
1 (cpi data causes gold to fall. Selling gold target looks to 2159-2162) buying area 2154-2159
2 (CPI data causes gold to rise further) Buy after breaking through new highs, and keep looking towards new historical highs. it's worrying
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Gold hits new highs, enter the market with caution.According to the golden hour chart, the current trend is still strong.
But it is difficult to maintain the 2170-2171 area.
The blue box is my prediction that the market will correct.
The current market will be relatively volatile, and short-term trading can be used to make scalping profits.
We expect a pullback from this blue box.
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XAUUSD: Today's operation idea
Today's gold operation ideas, the first long and then short, relying on Monday's high 2120 near the long, stop loss 2114-2112, the target 2130-2035, after touching 2135, in the 2135-2140 area layout of short orders, stop loss 2144-2146, the target 2120.
If gold 2150 breaks upward, it can chase more 2160-2180, if gold breaks downward, it can chase empty to 2110-2100, and follow the trend!
GOLD-Will it break through the range?
It can be seen that yesterday gold had strong support from 2017 to 2021, but today’s highest point was at 2037, and the previous highest point was at 2039, which means that the high point continues to move downwards
Xauusd:sell2037-2040
TP:2030-2027-2022
SL:2044
If gold falls directly, we need to continue to observe whether yesterday's 2017-2021 support range fell below
Join me, I will always pay attention to the market trend and then analyze
XAUUSD: Gold continues to shake, focusing on 2015-2042
Yesterday's gold can be said to be ups and downs, after the opening of 2030, the shock operation, the highest reached 2040, the lowest in the second half of the night to explore 2020, the overall maximum amplitude is also close to 20 large points, but in yesterday's Asian and European trading hours, the trend of gold is not obvious, can not give trend guidance, but also let a lot of short friends, in between long and short constantly trial and error.
Today's operation, before the data comes tonight, maintain the shock idea, light position bold to do no problem, gold is currently running range 2015-2040, then in this range, the United States before the high short, low long, continue 2035-2038 layout short, stop loss 2042-2043, target 2020, If gold goes further down near 2015, it can also try more light positions, stop losses in 2009, and look at 2025 near the target first.
XAUUSD Gold Buy / Sell ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
XAUUSD: Gold rose sharply, the follow-up operation idea
After the Federal Reserve interest rate resolution appeared yesterday, to determine the beginning of interest rate cuts in March next year, gold rose sharply, once rose to the upper resistance level near 2040, usually gold in the rapid rise and fall will appear repair market, the fact is so, today gold in the 2030-2040 shock consolidation, Focus on whether the afternoon data release will break the key pressure level of 2040!
gold:buy@2042 sl2038 tp2052
XAUUSD: Gold Analysis Today
Gold can be described as two days of ice and fire, the weekend Powell speech is still lingering, gold directly hit a record on Monday, as high as 2144.
Due to Powell's dovish speech in the early hours of Saturday morning, the market has become more certain about the expectation of the peak of the US Reserve rate hike, and has deepened the expectation of interest rate cuts beginning next year. So buy the expected to sell the fact, gold yesterday morning opened directly showed, but yesterday morning rose, then directly opened the negative fall situation, the lowest hit 20201 line, a one-day drop of up to 124 dollars, all the support below basically did not play a role, directly below the trend line support. This time, the multi-idling exchange is very urgent, the daily line directly large Yin close long lead, the price back to the short-term average support, meaning that the gold stage bottoming signal appeared, yesterday's surge fell first out of the market, today's volatility may not be too large, first look at the bearish adjustment.
This morning took the rebound correction, above the focus on 2050 to 20531 line pressure to look bearish, look at the 2020 low point break, below the support in 2011 to 2013 line, touch can be considered more.
XAUUSD: Summary of the week
Gold topped $2,000 an ounce on Friday, with spot gold ending the week up more than $20 on the back of a weaker dollar.
Affected by the Thanksgiving holiday, gold was weak on Thursday and Friday, there were no good trading opportunities, and the overall profit this week was relatively small. Next week, I will take my friends to dig hard!
XAUUSD: Next week's highlights
This week, gold returns close to 40k, gold once rose to 1993 in the case of CPI data, then fell back to 1980 near, next week focus on the 1980 support to break the situation!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
XAUUSD: Trend analysis and operation strategy
Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band continued to close flat, the surge in international gold prices broke through the resistance of the first line of the medium rail, and successfully stood firm above the medium rail, the morning opening price continued to rise, there is a trend of further higher in the short term, and this wave of rebound prices once again hit $2000 is not a problem. 4 hours, the Bollinger belt opening up, the price of gold to maintain the upward trend of shock, the whole direction is still mainly, the recent trend of gold is relatively strong, the pullback is expected to be not too much, short-term attention to yesterday's rise after the pullback near the low point of support, that is, the 1980 line of support, waiting for the price pullback to do more.
Spot gold operation recommendations:
Strategy 1: Callback 1976-1980 near multiple single entry, stop loss of $6, the target 1992-1995 line;
Strategy 2: Rebound 1995-1992 near the short single entry, stop loss of $6, the target of 1980-1975 line.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Double top formation, subsequent fall?
From the technical point of view, the current formation of a double top shape, the future market bearish, but due to the support and data near 1975 led to a temporary rise in the market, the subsequent energy is insufficient, and now has fallen to near 1979.
Continue to pay attention to the impact of the meeting in two hours, if it breaks 1975, continue to bear!
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Watch the impact of preliminary data on gold
Today, gold peaked in 1997, hit 2000 points failed, the current price of 1985, focus on the impact of initial jobless claims data, we can choose to operate after the data.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Monday's market is down, trading enthusiasm is not high!
Today, gold jumped low, the lowest point was 1963, followed by a short time to rise to near 1972, the highest point was 1983.
All day oscillating market, we all day between 1975-1980 dips, dips short, trading is mainly short-term operation, the overall profit is relatively good!
If you are confused about trading, please join me, I believe you will have a great harvest!