XAUUSD:Gold analysis and strategy
Yesterday gold rose as high as 1947, then plummeted all the way to around 1920, in the 1915-1920 sideways oscillations, the current key support level of gold in 1915, we can choose to be long gold in this position!
Join me and don't let procrastination and hesitation stop you from making money!
Xauusddaily
XAUUSD: Analysis and operation today
On Tuesday (September 19), the Federal Reserve officially began a two-day policymaking meeting, the Federal Reserve's latest economic forecasts and Chairman Powell's speech on the future outlook hints received wide attention from investors. Four hours of technical analysis, although the continuous rise of the price is stable above the two moving averages, but from another perspective, the rapid rise of the emergency fall, there is no only rising market, there is no only falling trend, although the bulls are strong, but the moving average still maintains the trend of the dead fork, and the continuous rising trend has the demand for adjustment on the technical side. In addition, the price is close to the key 1938 pressure level, although the current price is temporarily running near the support band around the previous 1930, there is almost no rebound strength, and the short-term trend is less and less weak.
Operation suggestion:
To callback to do more! The specific time will be notified later!
(Gold) : Bearish Daily Chart Pattern Hello guys, I hope you're all doing well. As for the obvious downtrend chart pattern we have for gold, I think there are two possibilities:
1. The price will turn back up until the upper downtrend line and then return.
2. The price will continue falling until 1887.
In my opinion, if the price turns back upside, it won't have as much strength as if it falls. So if the second possibility happens (the possibility that is more acceptable for me), it will be much more powerful.
Keep in mind that the gold price is in a downtrend even in the weekly time frame.
Weekly time frame that I analyzed last week:
So from a long-term perspective, I still believe in bears.
May you all be PROFITABLE,
XAUUSD - GOLD - Buy zone on D1 and possible scenario In today's analysis, our focus turns to XAUUSD (Gold) on the Daily chart. As previously noted, our anticipation of a sharp decline in GOLD from the 1949-1952 levels has played out as expected. Now, we are examining our targets for our existing short position and exploring the possibility of opening a long position.
Drawing insights from historical data over the past few years, we have observed that gold tends to follow recurring patterns and has a penchant for retracing to the 61.8% Fibonacci retracement level. An illustrative instance of this behavior is the 1952 level observed on the 4-hour chart. Currently, our attention is drawn to the potential 61.8% retracement on the Daily chart, anticipated at around 1786 levels, with an expected arrival time around mid to late October.
The historical data further indicates that November and December often exhibit a bullish tendency in the gold market. Aligning this pattern with our Daily chart channel analysis, we find a compelling convergence with the 61.8% Fibonacci retracement, signifying robust support during this period.
It's worth noting that November is historically a month when the Japanese Yen tends to shine, and, interestingly, gold frequently moves inversely to the Japanese Yen. Examining higher time frames reinforces our belief that this could present an opportune moment for acquiring gold.
Adding another layer to our analysis, we look at the economic calendar and note that on the 31st of October, the Bank of Japan (BOJ) is expected to make an interest rate decision that may surprise the market. This potential surprise from BOJ aligns with our expectation of Yen strengthening, possibly driving capital towards gold as a safe-haven asset.
However, please bear in mind that our approach to risk management may differ from your personal risk tolerance. Therefore, this analysis should not be taken as a trading recommendation. It reflects our perspective on the market's likely trajectory, which could evolve over time, given that we still have approximately 1.5 months to observe market developments. Stay vigilant and adapt your strategies as needed.
XAUUSD: Analysis and operation
At the beginning of this week, gold continued to short, and the support below focused on the 1915 line. Once the 1900 level is broken, it will certainly not be held, and the target is the early 1890-1885 low. Suggestions for today's operation:
gold:sell@1926-1931 tp1 1916 tp2 1905
Join me and don't let procrastination and hesitation stop you from making money!
Insist on long gold and win profitsGold fell to around 1915 today, and I have reminded senior members that around 1917-1915 will be a good time to do long gold again. When gold pulls back around that area, I'm definitely going long gold ahead.
From two aspects, the first gold is currently in a five-wave rising structure, and there is support at the 1910-1912 position below, so it is feasible to do long gold near the 1915 position;In addition, the rise of the US dollar hit the resistance at 105, and is in a staged top area. If it continues to rise, it will face strong resistance, so the pullback of the US dollar will support gold to a certain extent. So we do long gold in batches in the 1917-1915 area. At present, we still hold long gold positions in our hands. I believe that very good profits will be made soon, and time will verify everything!
I post my trading ideas on a daily basis and also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn the logic of market trading, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD:Summary of the day
Today, the opening price of gold is near 1940, the whole day oscillating market, after the afternoon data came out, the short-term pull up 8 dollars, but encountered strong resistance will soon fall below 1940, the follow-up focus on whether gold can stabilize 1940 line, the follow-up operation is mainly low!
Today's profits are very small, I always believe in not trading until the data is out, that is no different from gambling!
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD: Step back to long
Yesterday's market bias: the Fed rate hike policy is getting closer to the end, so the rally!
The technical trend broke through a new high, the support level of 1908-1910 moved up to near 1924, and the next trading plan took the trend back to go long!
Join me and don't let hesitation and procrastination affect your earning speed!
Grasp the trading opportunity of $10 or even $20 profitDuring the Asian-European session today, gold basically fluctuated around 1920, and there were no good trading opportunities. So for the time being, I haven't traded gold yet. Although I haven't traded gold, I have reminded everyone not to chase long gold near the 1920 position.At least for now, it has reduced a loss for friends who want to chase long gold, because gold has fallen back. In addition, the trading strategy of shorting crude oil that I shared with you has successfully reached our profit target and also achieved good profits.
For the current gold, it is definitely not possible to chase more directly around and above 1920, because the short-term resistance is in the 1923-1925 area. Once gold cannot break through this resistance area for a long time, then gold may start a callback again.So now we need to pay attention to the breakthrough of this resistance area to determine our next gold transaction. At present, the lowest level of gold has fallen back to around 1912, so there will definitely be a good trading opportunity to go long on gold. As I said yesterday, if we can seize this trading opportunity, we can at least grasp a $10, or even a $20 trading profit. I hope everyone can cherish this trading opportunity. Next let us wait and see!
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
Gold Continues the bull runDear Traders what a Fantastic week it was last week, as Gold break the Resistance level at 1983.5 in the 4HR timeframe and now doing a pullback to mitigate the value gaps that were left behind. Last week I predicted using the Fib and indicated that Gold could retrace to the 0.786 zone on the Fib which is also an area of value and Gold has really gone to the 0.786 Fib zone. We keep to our plan to buy from dip. The breakout at 1983.5 has open the move to 1993. The yellow metal was rejected at the 0.786 and form a Doji candle that signal a reversal.
Bullish Target; 1983.5, 1993, 2022.3, 2047.04.
Bearish Target; 1965.9 DONE, 1957.6, 1939.6, 1929.5
Dont forget to hit the like, share, comment and follow bottom. Your engagement with our post inspires me to work hard and give you accurate predictions.
#Vimhype
Multiple Timeframe Update on GoldGold keep on the Bull run as we indicated in our previous analysis that the bull is aiming to reach new high, today we saw the yellow metal rising up and breaking resistances but was rejected in the daily resistance zone around the 1983.54 we expect the metal to pullback and gather momentum to continue it bull run and break the resistance. Our long term plan to buy the metal is still in place as the metal bounces back on track.
Our ideas on Gold has been fantastic you can check through previous analysis, so a follow, like, comment, and share will be appreciative.
Bullish Target; 1970.3 DONE. 1983.5 DONE. 2022.3, 2047.04
Bearish Target; 1939.6, 1929.5,
Dont forget to hit the like, share, comment, and follow bottom.
Gold Break to ShortHello Traders As We can See Xauusd Gold Break Of Structure After 4 Months Level of 1940
now The next level is Also 1913/1900 in Daily , But Selling Pressure is too high in Bearish sidewe can expect Little bit Buy , buy overall trend is Bearish
in my view Gold Will fall to 1850 beacuse Daily & Weekly support level is same as i mention in chart......
if this post is usefull to you , plz like and comment for support
XAU/USD PRICE ACTION WHAT DO I SEE...? OHHHH PRICE ACTION WHAT DO I SEE...?
We are in a NO TRADE ZONE: waiting until after the range.
-Watching the 4hr for a closure below the range. @ 1958.01
-or closure above the range @ 1958.04
Month Closed=Bearish
Weekly Closed=Bullish
Daily Closed= Bullish
4Hr=Bullish
Entry Idea= NFA=(not financial advice)
Sell @ London -
Entry= 1956.46
Tp1 (50%) 1952.92
Tp2 (Close All) 1945.77
If the closure goes to an fakeout then my Buy Move is this... Happy Trading You Snipers!
Entry
TP1 50% -1966.11
TP2 - 1969.51
Learn to Manage Risk
Have Patience and Take your time trading! No rush. Remember if it's not your trade, It's not your trade don't take it. This is What I Plan to trade and if it comes it comes if it doesn't I will walk away happy knowing that I did what I was supposed to as a trader and that to sit on my hands until I see MY TRADE SETUP!
@ChiquitaShantay