World gold prices also set another recordSell Gold 2174-2180
SL 2185
TP 2166-213x.
Because the price has passed through Zone 2168, this Zone is being sold around the Reaction Zone According to Bien Ma on the H4 Frame. And the old location according to PA
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I assume the 2222 vicinity may be a brief top for the following couple of weeks, so over the week there may be deep downward correction waves, so I will specially view Sell, now no longer Buy, due to the fact the overpowering symptoms and symptoms of Buy are showing. steadily weakening for the beyond week, we are able to look ahead to Entry in those 2 areas:
Entry 1: Sell 2177, SL 2180.50, TP 2130
Entry 2: Sell 2182, SL 2187, TP 2130
All are lengthy Sell perspectives TP 40-50 fee so please be aware that after putting orders, the chance is best approximately 5%, in case your buying and selling quantity turned into critically poor ultimate week otherwise you misplaced all income withinside the beyond weeks, please evaluation your control method. capital, taking unstable capital like that won`t ultimate.
-----NEWS:
Last week, the course of globalwide gold charges persevered to be encouraged via way of means of hobby fee expectations. At the financial coverage assembly held withinside the center of ultimate week, the gold marketplace breathed a sigh of alleviation after americaA Federal Reserve (Fed) introduced new hobby fee expectations. The "dot chart" introduced on the assembly suggests that americaA Central Bank remains anticipated to behavior 3 hobby fee cuts this 12 months despite the fact that inflation stays above the goal stage of 2%. The charge of the yellow steel accelerated hastily after the assembly and changed into driven to a file excessive of 2,220 USD/ounce on March 21.
However, the recuperation did now no longer ultimate lengthy and the gold charge misplaced 50 USD because of robust promoting strain withinside the ultimate buying and selling consultation of the week. However, specialists say that traders have to be affected person due to the fact thinking about the contemporary environment, gold remains being supported.
At this assembly, the Fed remained constructive approximately the fitness of americaA economic system whilst extensively adjusting its GDP forecast. Accordingly, americaA Central Bank now forecasts that the economic system will develop via way of means of 2.1% this 12 months, up from the preceding forecast of 1.4%.
However, Kitco professional Neils Christensen isn't always very assured approximately the Fed`s forecast. Christensen stated that traders have to ask themselves, if they may be assured that americaA economic system could be resilient this 12 months, then why does the Fed want the assist of 3 hobby fee cuts?
Xauusd4h
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD (Gold) has been on a strong bullish run. However, expect a possible further retracement as the market seeks liquidity and to rebalance. This could present a counter trend sell opportunity along with a buy opportunity at prior support levels (see chart markup in the video). The risk of further downside remains, so prioritize strict risk management. This analysis is for educational purposes only, not financial advice.
Gold prices plummeted as if there had never been a separationAlthough nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39 consistent with ounce because the Fed signaled it might keep to reduce hobby prices 3 instances in 2024 notwithstanding growing inflation.
Despite growing inflation, Fed Chairman Jerome Powell nonetheless stated that americaA Central Bank has the capacity to lessen hobby prices with the aid of using 3-quarters of a percent factor with the aid of using the quit of 2024. However, the Fed`s choice will rely on data. The financial system is here. The Fed's stance driven the greenback to its lowest degree in a week, even as additionally inflicting US 10-12 months Treasury yields to fall. Meanwhile, gold costs constantly increased.
Witnessing sturdy shopping for pressure after the meeting, Reuters technical analyst Wang Tao with a bit of luck anticipated that spot gold may want to retest the resistance degree at 2,222 USD/ounce. If this threshold is broken, this valuable steel can triumph over tiers withinside the variety of 2,228 - 2,234 USD/ounce.
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GOLD last night had a recovery from the 217x > 218x area
With this price range, everyone should watch for Sell today. As I see, Frame M30 candles are reacting according to Ma20 and 34
>At this rate, Sell Gold is around 2186>2190
SL 2192
TP 2178>216x
XAUUSD: Beginning of the big move, what do you think?Dear Traders,
Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080.
Like and comment if you agree with our idea.
Good luck and trade safe.§
XAUUSD:Short, target 2143-2134
After breaking through the downtrend channel, gold once again reached the resistance range of 2164-2172, and the technical form is temporarily favorable to the bulls.
From the perspective of the overall general trend, this adjustment is not over yet, so large-level transactions are still based on high-level short selling. The target is the 2143-2134 range. When the price reaches here, large-level long transactions can be considered.
Of course, this must be based on the fact that the support is effective. If it falls below, there is a high probability that it will fall below 2100 next week and reach around 2097-2090.
XAUUSD is about to start falling sharply!
The upcoming Fed monetary policy is an important turning point.
in the gold market. It’s the long positions that should be worried. The U.S. dollar rebounded sharply ahead of schedule when expectations for a rate cut fell. Gold also fell sharply due to the impact of the US dollar. Interest rate cut digested in advance? Still continue to cut interest rates! It's like holding a ball of paper in one hand. The other hand is blank. Let you guess! Of course I don't like doing this. I prefer to do things that are certain. For example, follow the market in advance and focus on selling gold orders.
Brothers who follow me all know. I have been selling mainly since last week. Of course, there was also a rebound market in the middle. Just depends on the timing. Friends who follow trading signals have a deep understanding of the accuracy of the instructions. The market continues to change, and what I have to do is follow the current trend and make accurate trades. In this way, VIPs will feel that they are worth their money.
Judging from the current situation, expectations for an interest rate cut in the Federal Reserve minutes are still expected to be delayed, but after the corresponding data is released, there will probably be a limited decline (in the US dollar). Then bounce back quickly. So when it comes to trading, I think selling gold is the main option. A sell-off at higher levels is likely. Of course this depends on the actual results.
At present, gold trading is still mainly selling. Today's sell order at 2162 has hit the take profit target. The sell order at 2157 also hit the take profit target. The current selling position of 2153 and above continues to wait for the hit of the profit target. The pressure above is currently at 2155-2158, and the pressure below is at the 2148 line, but I think the decline will continue to expand. In the short term, it is expected to continue to a position near 2140. Wait patiently.
Stay tuned for further updates. This way you won't miss out on good trading opportunities.
I hope everyone can get more good profits.
Gold prediction nowadays March 15A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75.
Break of weekly top/near above 2180 is wanted to mark resumption of uptrend with similarly resistance objectives concentrated on distinguished slope confluence near ~2220s and 100% Extension of upside greater extensively in 2022 at 2277 .
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that the information presented is intended solely for educational purposes and should not be interpreted as financial counsel.
Worryingly, gold has had an excessive increasePersonal corner: I read the news and saw that gold investment funds have sold contracts in the 8x and 9x areas. Experts and analysts worry that gold has had an excessive increase. need to consolidate and adjust to continue the new growth cycle. They were standing outside. So if it's me Buy. I also find it quite risky. Share news for everyone to refer to.
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Gold follows the trend around the price range 2176>2180
Sl 2175
TP 2186>2195
Continue spreading Sell GOLD small vol from 2>4 prices on the 219x area.
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Many analysts consider that, despite the fact that gold has skilled a sturdy week of will increase and could in all likelihood keep to boom withinside the close to future.
However, investors are involved that if the United States purchaser charge index record for February posted on March 12 will increase, expectancies of hobby charge cuts with the aid of using the United States Federal Reserve (Fed) will keep. keep to prolong.
Some specialists are expecting that inflation can also additionally upward thrust quicker than predicted as a right away end result of the spike in electricity costs. Experts warn that gold traders have to be cautious, a moderate boom withinside the inflation index may even motive gold expenses to lower withinside the quick term.
President Kevin Grady of Phoenix Futures and Options predicts that the approaching record will create fundamental fluctuations withinside the gold marketplace. Data will assist traders recognize extra virtually approximately whilst the Fed will reduce hobby rates.
According to the CME FedWatch tool, the marketplace is forecasting a 97% hazard that the Fed will hold the modern-day hobby charge thru the stop of March and a 70.5% hazard in May. However, the opportunity of the primary hobby charge reduce continues to be high. in June is extraordinarily high, presently at 71.5%.
Gold charge forecast
Last week, 14 analysts participated in Kitco News`s gold survey. Of which 43% of analysts are expecting that gold expenses will boom withinside the close to future. Another 14% of specialists consider that gold expenses will lower, whilst the ultimate 43% are expecting that treasured metallic expenses will circulate sideways.
Meanwhile, 296 votes have been forged in Kitco's on line polls, with the bulk of Main Street traders predicting similarly profits in gold expenses. Specifically, 173 retail investors, equal to 58%, assume gold to boom withinside the close to future. Another sixty seven people, equal to 23%, anticipated that gold expenses could lower, whilst the ultimate fifty six people, equal to 19%, had the view that treasured metallic expenses could cross sideways.
Gold rises to 2200?
Hello everyone. Gold has seen very extreme behavior recently. It has risen by $90 for three consecutive days. How does gold rise? He must fall just like this rise. This phenomenon is rare. Looking at the current trend of gold, most people are bullish. This is undoubtedly true. But beware of this being a trap laid by the main force for everyone. Because this week there will be Fed Powell’s speech, non-farm employment data and the US election. So it will have a huge impact on gold. These news and data can also cause trading difficulties for investors. So I will also share some of my trading signals here from time to time.