XAUUSD: Economic stability for gold to continue downtrendGold is facing difficulties in making significant progress on Thursday and is currently hovering close to its lowest point since mid-March, which was reached during the Asian session. The XAU/USD pair is trading around the 1,890 mark and appears to be exposed to potential risks following a bearish breakout below the crucial 200-day SMA overnight. This marks the first occurrence of such a break since November 2022.
Support levels: 1,896.30 1,888.30 1,879.95
Resistance levels: 1,915.30 1,9221 1,934.85
Xauusd4h
Gold 1945 to do more
The double bottom at the bottom of the gold four-hour line is more obvious. The big positive line is directly erected, and the k-line runs directly to the 50 moving average. At the same time, there is a star at the bottom, which is the Yin line on the left, the cross star in the middle, and the big positive line on the right. These are three k The combination of lines, this is a strong stop signal, go long on gold 1945
Gold focuses on the 1953 line!
Gold focuses on the 1953 line!
At present, the daily trend of gold is still empty, and the high in the morning of the one-hour period has continued to fall and is now close to the low point of the previous fall. Gold focuses on the 1953 line, and the bullish position above this level remains unchanged. If you see a bottom pattern in the five-minute period, you can still go long. If the downtrend breaks through this position in one hour, the shape will peak at that time, and the direction will return to the short position again, and the operation will also choose an opportunity to go short.
Specific operation: above 1953, go long when the bottom pattern of the five-minute cycle appears.
Gold 1958 continues to be short
Last Friday, gold fluctuated upwards to the 1963 line, with the MA10 moving average suppressing above it, and it slowly fell back under pressure at 1963. Now it comes down to 1953, and the empty orders in 1957 can take profit. The rest look at the position of 1948-1950, above the gold There is resistance at 1963, and the suggestion for short positions rebounds to around 1958-1960 to continue shorting.
If you want to make money in this market, you must follow a certain logic
XAUUSD: Gold price is limited to increase with PPIMarket participants are currently examining the economic records of the United States, which include the release of the Producer Price Index (PPI), along with preliminary consumer sentiment and inflation expectations. This, coupled with US bond yields, can impact the driving forces behind USD prices and provide some impetus for gold prices. Additionally, a broader risk sentiment allows traders to seize short-term opportunities. However, XAU/USD ended in red for the third consecutive week and announced its lowest weekly closing level since March.
XAUUSD/GOLD: 1900-1910 BUYING REGION!Dear traders,
Hope all of you had a great week, gold dropped heavily this week due to last week NFP and other important DXY related data making DXY bullish. What we expect from GOLD here is that it reverse from zone 1900-1910 if it fails to do so, our setup will be invalided.
Manage your RISK, market will be tomorrow with great opportunities but you need capital for that.
XAUUSD: Reducing wedge continues to work!Open interest in gold futures markets fell for a row on Tuesday, this time by around 3.2k contracts, according to preliminary data from CME Group. Instead, volume kept its erratic performance and increased by about 42.3k contracts following the previous daily drop.
Gold is facing initial dispute around 1900
The falling wedge formed is due to a further decline in open interest, which should support the near-term recovery. So far, the 1900 area emerges as a good competition for the time being.
XAUUSD: Firmer US Treasury bond yields!Gold Price (XAU/USD) stays depressed around 1,935 after the beginning of the trading week with mild losses. That said, the XAU/USD manages to keep the bears on board amid technical breakdown, as well as the firmer prints of the United States Treasury bond yields, despite a sluggish US Dollar ahead of this week's inflation data from the US and China. Also an absence of major macros and the market’s inaction limits the yellow metal’s immediate moves ahead of top-tier data/events.
Support levels: 1,922.95 1,911.80 1,898.10
Resistance levels: 1,944.95 1,954.70 1,966.90
XAUUSD: What's next week?Gold price has recovered significantly since autumn last year. Economists analyze the yellow metal’s outlook.
After NFP, the GOLD trend still goes as expected, back to the uptrend. This is a good signal for the buyers.
Gold is expected to continue short-term sideways at the 1950 level before breaking and continuing to move up!
XAUUSD- Extremely BULLISH $1990 TARGET?OANDA:XAUUSD recent NFP economic data did not support DXY indicating FED increasing interest rate policy. We have two possible entries first one is ‘risk entry’ where we can enter with 50-70 PIPS stop loss or We have ‘Safe Entry’ wait for price breakthrough the trendline and once it retest our level we can enter.
WHAT YOU ALL THINK?
XAUUSD: Non-Farm and What Happens After!Gold (XAU/USD) is on a slight uptrend as it stabilizes after previous declines, helped by positioning ahead of the release of Non-Farm Payrolls (NFP) data. Another factor contributing to the mildly positive sentiment for Gold is news of potential stimulus measures in China and US Treasury yields falling from their highest levels since November 2019. 2022. It is important to note that recent mixed signals regarding US employment and economic activity have not impressed the USD bulls, thus allowing XAU/ USD gains gradually after recovering from three-week low.
XAUUSD OUTLOOK: The future of gold will be unpredictable, but the gold trend still favors the buyers
XAUUSD: Today's gold analysis and operations
The overall trend of gold yesterday was strong, Asian trading fell, European trading rebounded, so the United States should be a trend of rising and falling. The market as a whole is still in a strong, and the daily Bollinger band began to close, the gold price is expected to move closer to the middle track, and the middle track is also near the support of the uptrend line, so today above 1954-53 continue to look strong, and the monthly line is a typical strong form, even if there is a fall to continue to be bullish.
In the short term, H4 has now reached the support of the moving average, and here is also near the position of the medium rail, and the fall in the morning is enough, so the bullish can be long around 1957. 1971-1975! Focus on the strength of the European plate, the European plate is strong, and the US plate continues to withdraw more; The European plate is weak, the United States plate does not break 1951 to see the bottom rise!
gold:buy@1952-1957 tp 1965-1970
XAUUSD:Trend Analysis 1965take off
Today's trend and analysis can be seen in my previous article, which can be said to be completely consistent. We emphasize today's support level 1965.gold sell@1980-1985tp 1970-1965 This is our plan for today. Our next plan is gold buy@1965 tp1980-1990.
More analysis and signals will be updated in time, and interested friends can keep up.
XAUUSD:Short-Term Focus 1970-1985
Yesterday was negative, so the short-term is a stagflation rhythm, but if it goes directly to V and reverses the decline, the price should rebound again at the key support. The high point of the second rebound is lower than the previous high and then falls again. It can be confirmed that the stage top appears, which is consistent with the structure formed by the previous bottom. The short-term price focuses on the 1970-1984 range
More analysis and signals will be updated in time, and interested friends can keep up.