#XAUUSD:$3200 Next Big Move, Bulls Are Like to DominatePrice has been bullish since many months as US Dollars continue to decline, the fear of further decline in dollar value is triggering the gold market to go all time high. There is a big possibility that price is likely to go upwards of region of 3200$. We will have to monitor the market next week since we have big news week coming up.
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The short-term short positions in gold are now yielding profits!Currently, the market continues to maintain a range - bound oscillation pattern. In the short term, there are no conditions for a significant unilateral upward or downward movement. In terms of short - term trading, the price is currently trading at $3032. From the perspective of intraday trading strategies, this price level can be regarded as an entry point for short positions. Today, special attention should be paid to the $3020 level, which serves as the daily demarcation line between bulls and bears. If the price drops from a high level as expected, effectively breaks below the $3020 level and closes below this price, the short - side is expected to witness a sharp acceleration in the bottom - seeking trend.
Since the week began, considering global economic trends and gold market volatility, we've steadily shorted gold. All signals, from our in - depth analyses, have proven accurate. I'll keep giving accurate signals, factoring in market changes.
XAUUSD
sell@3030-3035
tp:3025-3015
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
GOLD: Short, Target 3041-3036After yesterday's rise, some gold indicators have formed a relatively obvious short position, so in today's trading, I personally recommend focusing on the short position.
During the trading process, we need to pay attention to the support points of 3046/3037/3032, the high point of resistance of 3060, and the possible new high of 3067.
From the overall situation, it is unlikely to break through 3067 today, but it is more likely to fall to around 3037.
Gold shocks and seesaws long and short game! How to tradeAt the 4-hour level, a small double bottom support is formed near 3000. Today, the market has continued to rise, and the K-line has re-stood above the short-term moving average. The short-term trend is strong. The middle track resistance has been broken. If it is stabilized again, the upper side will further see the pressure of the upper track. The lower 3013 will become the short-term long and short watershed. Whether the market will step back to confirm the continued rise or return to the bottom to continue to fluctuate, focus on the next closing situation. In short-term operations, high-altitude and low-multiple layout.
For today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 3036-3038 line of resistance, and the short-term focus on the lower side is the 3010-3015 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3036-3038, stop loss at 3055, target around 3025-3020, and look at 3015 if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3013-3015, stop loss at 8 points, target around 3025-3030, and look at 3038 if it breaks;
GOLD: Bullish pattern, Short first then LongIn the 4H chart, the bulls have not completely unloaded their strength. From the perspective of the pattern, it should be possible to reach the area around 3050-3058.
In the 30M chart, it is currently near resistance, focusing on the resistance of the 3037-3044 range. You can consider shorting around 3043, and the target is temporarily set around 3033.
Today there is initial jobless claims data, and I personally expect it to be bullish for gold, so I plan to hold long positions when the data is released.
Gold’s rebound is an opportunity for short sellingGold is still oscillating, and a rebound is an opportunity for short selling. Since gold is still oscillating within the box, you can go short if it rebounds to a high level. Gold is still oscillating within a large range for 1 hour. Since gold has not effectively broken through, you can continue to short after rebounding. If it breaks through the box shock, then gold will consider taking advantage of the trend and go long.
Gold intraday operation, range oscillation to be brokenThe hourly gold line is now oscillating in the range box. Only after gold breaks through the box, will the gold market appear. However, gold is at a high level after all, and it has fallen back after many highs. The pressure from above is relatively strong, so if the rebound is under pressure and does not break, you can go short
Judging from the 4-hour trend, the upper short-term resistance is around 3030-35, and the lower support is around 3000-3005. Relying on this range, maintain the layout of the long and short oscillation range. In the middle position, watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy when gold falls back to 3008-3010, and add more when it falls back to 3000-05, stop loss at 2995, target at 3030-3035, continue to hold if it breaks;
Gold will continue to break out and riseGold opened at 3024 in the morning, briefly rose to 3026, and then fell under pressure, hitting an intraday low of 3013. Subsequently, the gold price stabilized at a low level and is currently hovering around 3025. With the European session approaching, the market focus is on the resistance range of 3030-3032 above.
From a technical point of view, if the gold price can effectively break through this resistance, it is expected to further climb to a high of 3045-3050. The lower support is located in the solid area of 3013-3009. The gold market still maintains a bullish trend in the big cycle, and it is recommended to continue to buy on dips in the medium and long term. For the short-term market, the current gold correction is nearing its end, and it is expected to fall into high-level fluctuations during the European session. In terms of operation, it is recommended to try to buy on dips with a light position.
Operation strategy 1: It is recommended to buy more near 3022, stop loss at 3012, and the target is 3035-3040 and break to 3050.
Latest gold trend analysisCan gold break through 3000? Will the market trend turn bearish? How should we view gold today?
At the end of last week, gold fell by 57 US dollars from 3057-3000. Yesterday, it fluctuated downward, and the daily line closed negatively and touched the short-term moving average. From the perspective of long correction, the adjustment has not yet been in place, and there is still a possibility of further decline. The probability of breaking the 3000 mark is very high.
However, the current market has entered a period of volatility, and the long continuity is very poor. Yesterday, it fluctuated upward during the day, and it began to fall after 10 o'clock in the evening. It closed at a low level in the early morning. The overall trend is still a volatile trend. Today, the bottom was bottomed out and rebounded this morning. The price broke through the high of 3014 in the early morning, but it is not recommended to chase blindly. Focus on the trend of the European session. If the European session goes up, it will be regarded as a shock in the evening. If the upper pressure is touched at 3035-3038, you can go short.
Gold intraday operation, range oscillation to be brokenThe hourly gold line is now oscillating in the range box. Only after gold breaks through the box, will the gold market appear. However, gold is at a high level after all, and it has fallen back after many highs. The pressure from above is relatively strong, so if the rebound is under pressure and does not break, you can go short
Judging from the 4-hour trend, the upper short-term resistance is around 3030-35, and the lower support is around 3000-3005. Relying on this range, maintain the layout of the long and short oscillation range. In the middle position, watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy when gold falls back to 3008-3010, and add more when it falls back to 3000-05, stop loss at 2995, target at 3030-3035, continue to hold if it breaks;
The weekly line closed cautiously with a decline and adjustment From the 4-hour analysis, the bottom will focus on the 3020-3025 first-line short-term support, focusing on the 3000-05 first-line important support. If the resistance is not broken, the bullish trend will remain unchanged. The upper target level will focus on the upper pressure. The daily level will not fall below the lower support until the main multiple rhythm remains unchanged.
Gold operation strategy:
Gold has stepped back to the 3020-3025 line for more, and has stepped back to the 3005-10 line to cover more positions. The stop loss is 2997, and the target is the 3035-3040 line. If the position is broken, continue to hold;
Gold signal: buy at 3021-3016Gold has a second chance to rise, so you can continue to go long. Pay attention to the resistance near the previous high of 3035-3038. If you can't break through, close the order in time. If you break through, 3042-3046 will be a short-term strong resistance level.
If the price falls, I personally think that the support will give priority to 3016-3011, followed by 3007
The decline of the golden stage is in line with expectations!Gold 4-hour chart relies on the middle track of the Bollinger Bands to rebound. The middle track is the short-term strength and weakness distinction point. In the adjustment trend, the weakness is below the middle track. It is also a distinction point, combined with the hourly chart above. In the step-down shock, although the rebound yesterday was slightly higher than the 3033 line, it was still running below the second highest point of 3038 as a whole, a complete step adjustment trend. The second highest point is not lost, the trend is not changed, and today's operation relies on the 3033 high point as a defense to continue to follow the trend and fall back. The low point of 2020-2026 is still a resistance point. After the short position of 2028 was reduced yesterday, the bottom position continued to break the 3000 small band. Short positions rebounded slightly today near 2020-2023 and continued to short. Defense at 3033 is enough. The target is to reduce the position and then leave the bottom position to look down at 2990-2980. The space depends on the shape. As long as it closes at a low level, the adjustment space will be further deepened the next day.
Today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3020-3025 line of resistance, and the short-term focus on the lower side is the 2999-2980 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3020-3023, stop loss at 3055, target around 3010-3000, and look at the 2890 line if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2990-2993, stop loss at 8 points, target around 3000-3005, and look at the 3010 line if it breaks;
Gold adjusts within the intraday range and waits for a breakthroFrom the current 4-hour analysis, today's upper short-term resistance is still focused on around 3030-35, and the lower short-term support is focused on around 3000-3005. Relying on this range as a whole, the main tone of high-altitude and low-multiple cycles remains unchanged. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy when gold falls back to 3000-3005, stop loss at 2995, target at 3025-3030, continue to hold if it breaks;
2. Sell when gold rebounds to 3035 but does not break, stop loss at 3042, target at 3005-10;
XAU/USD: Weekly Recap and Key Levels for Next WeekLast week, XAU/USD showed a pattern of high-level consolidation. After reaching the key psychological level of 3000 USD on March 17th, gold prices entered a sideways phase. On March 20th, gold hit a new all-time high of 3057 USD per ounce before pulling back. By March 22nd, gold prices had fallen for two straight trading days, briefly touching 2999 USD per ounce. However, dip-buying activity helped recover some of the losses.
From a technical perspective, the 5-day and 20-day moving averages remain in a bullish alignment. However, the price has deviated significantly from these averages, indicating a need for a technical correction.
Gold may continue its adjustment early next week, with support levels to watch in the 3000-3030 USD range. If geopolitical tensions do not escalate significantly, spot gold prices could test support near 2993 USD, though the likelihood of breaking below 3000 USD is low.
If gold prices fall below the 5-day moving average, they may further test the 20-day moving average support (2950.00-2942.00 USD). If the recent consolidation range is broken, the resistance levels to watch are the previous high of 3057 USD and beyond.
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Has gold peaked? Long or short?Gold 1-hour chart has fallen from a high level, so it is difficult for gold to rise directly without news support in the short term. You can continue to short gold after it rebounds. If the Fed's interest rate decision does not rise sharply, then the idea of shorting gold at a high level will continue. Gold rebounds to observe 3045 pressure level
Gold is bullish but not chasing moreAlthough the possibility of raising interest rates is not high, if there are hawkish speeches or there is a trend of reducing the number of subsequent interest rate cuts, it is still bad news for gold. Therefore, it is not recommended to chase high gold today. You can go short in batches around 3040-3050, and the support below is 3027-3018-3006! If you want to be prudent, try to do less and wait and see, and wait for the US Federal Reserve's interest rate decision to be settled. Let's see how the market will go today, especially in the European session, and then look for opportunities in the evening.
In terms of trading, the previous day continued to fluctuate. I went short once at 3000 yesterday morning, and the stop loss was 3007. In the afternoon, I fell back to 3005, but I didn't enter with a slight difference of one US dollar. I chased more at 3012, and took profit at 3030 in the evening and went short, with a stop loss of 3038; three orders, two losses and one win, earned 3 US dollars.
XAUUSD Strategy AnalysisGold has been on a consecutive rally, and caution is warranted for every attempt to chase long positions. After surging to 3045 in the afternoon, prices quickly reversed lower and failed to immediately retest the high, indicating overhead resistance. If gold cannot break out sustainably, a significant correction may be imminent.
Gold trading strategy:
sell @:3049-3054
buy @:3030-3035,3002-3007
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The Current Trading Strategy for GoldCurrently, AXUUSD is oscillating in the vicinity of 3030. A thorough market appraisal uncovers a distinct bullish impetus. Amid the global economic uncertainties, such as trade disputes and erratic monetary policies, market participants are increasingly flocking to gold as a haven asset, driving the upward trajectory of AXUUSD. Technically, pivotal indicators such as moving averages and the Relative Strength Index (RSI) suggest the sustenance of the ongoing uptrend.
For investors, a judicious course of action is to establish a long position of suitable size when the price retraces to the 3025 - 3030 support band, with a profit - taking target set at 3040 - 3050. In light of the market's inherent volatility, it is essential to closely monitor geopolitical events and key economic data in order to adeptly adjust trading strategies.
XAUUSD
buy@3025-3030
tp:3040-3050
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Gold bulls are going crazy, need to be careful at this time
Gold bulls are too crazy and there is no chance of a pullback. So when the market is too hot, you have to be careful. You need to be cautious when doing long positions at high levels, and beware of gold falling back after a surge and starting to make a sharp adjustment.So at this position I think shorting would be better