Xauusdforecast
Gold’s trend flips the roof off, reaching 2300Today's target for gold is very clear. We saw it was near 2300, which has now been reached. Our long order is near 2270, which is currently up 30 points.
The rise in gold has lifted the roof. For those who still hold long gold orders, they can take profits. As for the future trend of gold, I personally think that it will attack upward.
But for the trading plan, take profit was chosen. Trading is trading, and there should be a strict plan, otherwise profits will easily take a roller coaster ride.
Next, I will continue to share my personal trading ideas every day. You can follow me. I hope my trading ideas will be helpful to you.
After falling back to confirm support, and go long goldDear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the situation in the Middle East and the expansion of the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have made up for the gains, boosting the rise of gold.
Judging from the current gold trend pattern, gold breaks through new highs every time, then pulls back to determine support, and then climbs upward again to set a new high. In other words, during the rise, it is accompanied by corrections that sweep away space. However, according to the current trend,gold remains on a strong upward trend.
For current trading, due to the irrational market, technical analysis is lagging behind, and market sense and flexibility have become the most important. At present, for gold, I think there are profit opportunities for long gold or short gold. The key is to grasp the trading rhythm. First, the current short-term support is located in the 2268-2266 area, and secondly, it is located in the 2260-2258 area. Therefore, in short-term trading, we can do long gold in batches around these two areas. The top currently reaches the highest level near 2288, and is facing psychological pressure from the 2300 integer mark. Therefore, in the short term, we can short gold in batches in the 2290-2300 area and make mid- and long-term plans.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold's rise has reached its peak and is bound to fall
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278
Gold Retreats from Record Highs Amid Stronger US DollarGold retreated from its recent record high of $2,265.58 per troy ounce, initially gaining ground during Asian trading hours before reversing course in European sessions. Currently hovering around $2,250, XAU/USD finds support from the robust rally of the US dollar following better-than-expected US ISM Manufacturing PMI results.
Technical analysis suggests that gold may continue its correction today and in the near future as it confirms the formation of a peak. This adjustment following its sharp uptrend aligns with the natural market wave cycles, indicating no cause for alarm. Strategically selling into market momentum and observing gold's retraction for the next phase is advisable.
💡 XAUUSD: Forecast 1 AprilDuring the weekend session, the gold price did not fluctuate due to the market holiday, however this morning it continued to have a very strong increase, creating a large gap. Currently, it has breached the psychological resistance mark of 2250 and is sinking deep into the overbought zone. If it continues to go up, the confluence mark of 2300 will be a potential target area. However, the market is currently very easy to adjust after many sessions of strong increases. If you buy too quickly, you should wait for corrections to have a better entry point.
💡 XAUUSD: Forecast April 2Gold prices sometimes slipped sharply in the past session, however when approaching the 2230 threshold and closing the gap, the price recovered strongly, currently back above 2250. This price behavior shows that buying pressure is still quite strong, It is likely that the price will continue to go up, the short-term target level will be around the 2300 threshold. Those who have caught the recent pullback can continue to hold the order, the SL is below the signal candle around 2030.
Continue shorting gold and reap good profitsDear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two transactions have not ended yet.but overall there is still a floating profit of 1K.
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. At present, the hourly and 4-hour graphics show that gold has not yet been adjusted in place, and there is still room for adjustment. This is why I set 2225TP above. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, I still insist on shorting gold at high levels; I share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
When you were chasing gold crazily, I started shorting gold.Dear friends, today we shorted gold in the 2263-2265 area and successfully made a profit of more than 10K, which is considered a good gain. After hitting the TP with this transaction, I used small batch trading lots to chase short gold at 2246 and 2237 respectively. Although these two transactions have not ended yet, overall there is still a floating profit of more than 1K.
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. The current hourly chart and 4-hour chart show that gold has not yet adjusted in place and there is still room for adjustment. This is why I still have not ended the transaction. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, when others were extremely crazy about chasing long gold, I changed the trend and began to insist on shorting gold at high levels; I share detailed trading ideas and trading strategies every day, hoping to help all followers to be successful in the market. Keep making profits! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Short gold in the 2263-2265 areaDear friends, gold has repeatedly broken new highs, reaching the highest level of 2265. Gold is still continuing its strong unilateral rise, but as far as current trading is concerned, I do not advocate continuing to chase gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators.
So I have clearly informed everyone that we can try to short gold in the 2263-2265 area in small batches (the details of the trading signals are in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we would still be long gold following the current uptrend. In this way we can grasp the profits of both long and short parties,
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Unveiling Gold: A Financial Analyst's PerspectiveIn the realm of finance, gold stands as a steadfast pillar, embodying stability and value. As a financial analyst, exploring the intricacies of gold reveals a wealth of insights into market dynamics and investment strategies.
Gold's enduring appeal lies in its dual role as both a commodity and a currency. Its scarcity, intrinsic value, and historical significance make it a sought-after asset, particularly during times of economic uncertainty.
Understanding the factors influencing gold prices requires a comprehensive analysis of global trends and macroeconomic indicators. Geopolitical tensions, central bank policies, and currency fluctuations all contribute to the volatility of the gold market.
Moreover, gold's versatility extends beyond traditional investment avenues. Its applications in jewelry, technology, and industry add layers of complexity to its demand profile, influencing market sentiment and price movements.
As financial analysts, navigating the complexities of the gold market involves diligent research and astute analysis. Examining historical trends, assessing supply and demand dynamics, and staying abreast of geopolitical developments are essential for making informed investment decisions.
In conclusion, gold remains a cornerstone asset in the financial world, offering stability and diversification benefits to investors. By viewing gold through the lens of a financial analyst, one can gain valuable insights into its role within the broader economic landscape and capitalize on emerging opportunities.
Gold Prices Expected to DeclineSo far, the price movement closely follows this roadmap. The consolidation depicted in the chart is not intended to precisely predict price movements but is illustrated as a prediction of potential base areas that may form. Thus, the range of 2191-2106 can be considered a crucial zone before a reversal or continuation of the trend occur
💡 XAUUSD: Forecast March 28Gold prices did not slide down as expected after the mentioned bearish signals, including the bearish pin bar pattern on daily and the head and shoulders pattern forming on H4. The buyers are pushing the price towards the 2200 resistance zone, threatening to break this resistance. We have many bearish signals but they are not significant as they cannot break the upward trendline. Short-term targets are 2210 and then 2220 respectively if price confirms the strong bullish pattern.
ADP will help gold rise today. Buy xauusd with me
Gold has continued to fluctuate at a high level for many hours, in the range of 2125-2131. If you pay attention from the daily K level, the market is still developing according to my expectations yesterday. After the news caused gold to rise and then fall, friends who followed the club's signals and traded also made good profits. It seems that there is a certain platform support below, and there is no more bad news to put pressure on gold. This prevented gold from falling below 2123 in time. NCDEX:GOLD TVC:DXY CAPITALCOM:GOLD VELOCITY:GOLD TVC:GOLD ACTIVTRADES:GOLD NCDEX:GOLD MCX:GOLD1! BLACKBULL:WTI FX:USOIL FOREXCOM:USOIL
So will it continue to fall?
FXOPEN:XAUUSD OANDA:XAUUSD
I think the guiding influence of today's ADP is critical. This is 90% related to Friday’s non-farm payrolls. I believe you will know after reading my article yesterday. If the market wants to continue to rise. Then greater news is needed to push gold towards 2146. So will today's ADP bring some impact to the market and continue to push the market to find highs? This probability exists 75.3%. Any news will help gold rise to 2146. That is the high position in front. Therefore, after the market correction yesterday, I chose to continue to focus on buying today.
Buy around 2124-2126. TP2132. SL2120
If you lost money yesterday because you didn't see my signal. Remember to follow after seeing it today.
Gold Prices Rally Amid Global Economic UncertaintyAmidst ongoing economic uncertainty, gold prices have surged, reflecting investor demand for safe-haven assets. Geopolitical tensions and inflation concerns have further bolstered gold's appeal, driving its price to new heights. With central banks maintaining accommodative monetary policies, gold continues to attract investors seeking to hedge against currency devaluation. Supply chain disruptions and rising energy prices have also contributed to the bullish sentiment surrounding gold. Analysts anticipate continued volatility in the gold market as investors closely monitor economic indicators and geopolitical developments.
Gold is trending within a long-term upward channelTrading Idea for Gold/XAUUSD on 26-27.03.2024
Overall, Gold is trending within a long-term upward channel.
XAUUSD is likely currently trading in a distribution phase (sideways movement) before starting a new cycle.
XAUUSD is currently ranging between $2147 - $2215/oz.
Trading Plan:
*Plan A: Buy around the range of $2150 - $2170. Cut losses completely at $2145. Short-term target: $2185. Medium-term target: $2200.
*Plan B: Only consider selling XAUUSD when it exits the trading range around $214x.
*Note: There's a possibility for Gold to reach new highs at $2262 - $2400.
The market always carries risks. This trading idea is for reference purposes only. Trade with a reasonable amount of capital and within a suitable risk management framework.