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The gold bulls are weak, and the bears are about to strike?The data released that the annual CPI rate in the United States in February was in line with the expected value of 6%, down 0.4 percentage points from the previous value; the annual core CPI rate in the United States in February was in line with the expected value of 5.50%, lower than the previous value of 5.60%. The inflation data is in line with expectations, indicating that the market generally expects the Fed to continue to raise interest rates by 25 basis points in March and will not increase interest rates again.But overall, inflation has not fallen sharply, and this is not a strong data.Obviously, what the Fed has to consider now is financial stability. At present, for the gold market, the Fed's policy outlook is divided in the market. On the one hand, the banking crisis may cause the Fed to slow down the pace of interest rate increases; on the other hand, the Fed is facing a severe inflation state, and it is still far from the 2% target. Raising interest rates is still the best way to reduce inflation.From the long-term perspective, the current banking crisis is only short-lived, and it is still difficult for the crisis to spread. Raising interest rates is still the best choice for the market to suppress inflation. In terms of gold's trend, judging from the daily line, gold prices have been on the rise since March 8, and there has been no decent adjustment; in the past two days, gold has risen from a strong position on the 1870 line to the 1900 line and hit the 1914 line. At present, the US index has stopped the decline, and the gold rally has been blocked.To a certain extent, there is a gradual peaking rhythm, and I am optimistic that there will be a wave of effective adjustments in the near future. At present, the short-term support below 1896-1900 is the defensive line of the bulls, and once it breaks down, it will open up the downward space again. Why do you frequently lose money when you invest in foreign exchange? One: Counter-market operation: If you don't respect and fear the market, you will be overwhelmed by the market if you operate completely against the trend. Second: Do not set a stop loss: Stop loss is a necessary means to control risk, and not setting a stop loss is tantamount to throwing away the money directly. Third: Frequent operations: There is no trading plan, casual trading and frequent multiple transactions greatly increase the probability of loss. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
FX:XAUUSDShort
by Short-term-king
7
Can the price of gold continue to rise?After the California banking regulator closed Silicon Valley Bank (SVB), the price of gold rose 2% on March 10.On March 11, the state regulator also closed Signature Bank, which is headquartered in New York.Due to market concerns about the stability of the banking system, the dollar fell sharply, which pushed gold prices higher in the short term. In addition, with the outbreak of a crisis in the U.S. banking industry, expectations of the Fed's interest rate hike have cooled, and Goldman Sachs even expects that the Fed will not raise interest rates in March, which will limit the rise of the dollar and boost gold. Although the Silicon Valley Bank incident, the U.S. Treasury Department has taken steps to ensure the safety of all depositors' funds, helping to ease the panic in the market.However, in essence, the U.S. Treasury Department's actions have not broken the rigid redemption, which is not conducive to market clearance, or will bury more hidden dangers. Therefore, in the short term, the crisis of trust and run crisis caused by this banking crisis may continue to ferment.The current market's lack of confidence in the US dollar and the cooling of expectations of the Fed's aggressive pace of interest rate increases will also support gold to continue to rise. At the same time, whether gold prices can continue to maintain an upward state still needs to be observed in the data, especially the specific situation of the US CPI data for February. From the technical point of view, the gold price forms a W-bottom pattern structure on the 4-hour level chart, which helps to support the upward movement of the gold price. Although the current weakening of the upward momentum has led to a decline in the gold price, as long as it does not fall below the 1870 line, gold still has the opportunity to touch the 1900 or even the 1920 line upwards.
FX:XAUUSDLong
by Blessed_V
Will gold continue to rise? Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise? I believe it will, and it may even reach around 1890-1900. Why do I say this? Let's analyze it from the fundamental and technical perspectives. As we have discussed in previous articles, the non-farm payrolls report is likely to be bullish for gold and drive up the price, and this judgment has now been confirmed, so the fundamentals are in line with expectations. From a technical perspective: Gold experienced a V-shaped reversal this week after hitting a low, with the weekly chart closing out and the price now turning from weak to strong. The daily chart shows a continuous increase in positive days, with increasing trading volume and the price forming a bullish trend. The 4-hour chart has formed a double-bottom support rebound, and the price continues to rise with a positive momentum. The Bollinger Bands are opening upwards, the MACD is showing a bullish crossover, and the red momentum bars are continuously rising, indicating that the current price is in a strong bullish trend. Therefore, the focus should continue to be on long positions. However, the current decline of the US dollar is about to form a triple bottom support, and gold may experience a correction. This is not bad news, because the recent rebound of gold has been too fast. If it can adjust and then gather momentum for an upward surge, it would be a healthier and more optimistic trend. The overall upward trend remains unchanged, and I believe that breaking through 1900 is not far off. Therefore, try to buy on dips. Specific trading space charts have already been drawn, and attention should be paid to support near 1845-1855 in the short term. The first resistance above is around 1880-1890. More detailed strategies will be provided according to market fluctuations. Follow the homepage ↓ to get real-time information. OANDA:XAUUSD TVC:GOLD COMEX:GC1! FXOPEN:XAUUSD
FXOPEN:XAUUSDLong
by Ice_and_Fire1
howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win. There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them. The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns. The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support. Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss. Several principles for setting a stop loss point: 1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit. 2. The stop loss point should be set before each lot is traded. 3. The stop loss point can be flexibly changed, but it must not be changed day and night. 4. Before setting the stop loss point, it must be based on the current overall trend In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
FX:USOILEducation
by Blessed_V
How to resolve being trapped in gold position. Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions: Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first stop the loss and close out the position. Then, they can enter the market again at a lower price to earn the price difference and obtain the profit from the big trend while reducing the risk of being liquidated by the small trend. Short-term unlocking: If the investor's judgment of the market is completely wrong, they should close out the position promptly to avoid suffering greater losses from the continuing one-sided trend. The longer a short-term investor holds a position in a one-sided market, the greater the loss. Light position unlocking (also suitable for large fund investors): It means adding more long positions as the market falls, using idle funds to lower the average cost, and waiting for the price to rebound. The advantage is that as long as the operation is correct, unlocking is possible as soon as there is a rebound, regardless of how deeply the position is trapped. Swing unlocking: This method is suitable for being trapped in various market stages, especially in volatile markets. It relies on the fluctuation of stock prices to unlock the position by using the price difference between high and low prices. The idea is to buy low and sell high, gradually reduce the cost, and minimize losses. The advantage is that the operation techniques are diverse and flexible, and can be adapted to different situations. If operated correctly, the unlocking speed is fast. The disadvantage is that it requires a high demand for personal time, energy, and skills, and frequent operations have a certain cost pressure. It requires professional guidance from those who have time, energy, and technical knowledge. Tips for trading gold: 1.Entry point: The entry point is crucial. Although gold and crude oil trading involve two modes, long and short, there are actually four modes: low long, low short, high long, and high short. In a one-sided trend, all four modes are feasible. However, in a volatile market, it is essential to avoid low short and high long positions. These positions are akin to chasing rising and falling markets, which often leads to losses. 2.Stop loss: Before placing a trade, determine the stop loss price and ensure it is reasonable. Immediately input the stop loss price after placing the order. The purpose of stop loss is to limit losses. Only by limiting small losses can you preserve your capital. Sometimes you need to let go to gain something. Do not assume that if you lose this time, you cannot earn it back. Manage investment risks carefully. 3.Position sizing: How you allocate your funds affects your ability to tolerate risks. Oversized positions or full positions can lead to increased losses and psychological pressure. Often, you cannot analyze market trends carefully, which can result in mistakes. 4.Take profit: Many traders struggle to take profit, causing profitable trades to turn into losses. In a one-sided trend, the push stop-loss method can be used to increase profit margins. Taking profit requires personal consideration of exit points. Not every trade needs to yield thousands or millions of dollars. Sometimes, in a volatile market, a profit of a few hundred dollars can accumulate over time. 5.Mindset: This is the most critical point and one that every investor must master. When you enter the market, it is undeniable that everyone is here to make money. However, your mindset determines how far you will go on the investment journey. The goal is to prefer small gains over losses, not to think about making more or less profit. Opportunities require us to seek them out ourselves. The moment you read this article, you have already been given an opportunity. Everyone in life experiences setbacks and failures, but the difference lies in our mindset when faced with adversity. Some people always regard setbacks as failures, which can undermine the courage to succeed. In investing, the key is to be on the right path and have the right direction. "A calm sea never made a skilled sailor," and there is no stable market environment. The purpose of investing is to make money! A clear mind is more important than a clever mind in this market. A good habit is more practical than a skilled technique. Perseverance is long-lasting, and authenticity is eternal. This is true of anything we do. I hope my article can bring you benefits and smooth sailing on your investment journey. May my investment experience benefit investors, and with you and me, an ordinary person plus an ordinary person, may we have an extraordinary investment experience and insights. Be meticulous in life and ordinary in your work. May your investment journey be smooth sailing. If my article is helpful to you, please remember to like it. If you have other questions during your operations, you can follow my homepage↓↓↓ to conveniently get the information in the first time. FXOPEN:XAUUSD TVC:GOLD COMEX:GC1!
FXOPEN:XAUUSDEducation
by Ice_and_Fire1
1
judgment of technical indicators and application skills1. Simple judgment of support and resistance: Support and resistance levels are the points in the chart that are subjected to continuous upward or downward pressure.The support level is usually the lowest point in all chart patterns (hourly, weekly, or annual), while the resistance level is the highest point (peak)in the chart.When these points show a downward trend, they are recognized as support and resistance.The best time to buy/sell is near the support/resistance level that is not easy to break.Once these levels are broken, they tend to become reverse obstacles.Therefore, in an uptrend market, the broken resistance level may become support for the upward trend; however, in a downtrend market, once the support level is broken, it will turn into resistance. 2. Understanding of lines and channels: Trend lines are a simple and practical tool in identifying the direction of market trends.The upward straight line is formed by at least two consecutive low points connected.Naturally, the second point must be higher than the first point.The extension of a straight line helps determine the path along which the market will move.Upward trend is a specific method used to identify support lines/levels.On the contrary, the downward line is drawn by connecting two or more points.The variability of trading lines is to some extent related to the number of connection points.However, it is worth mentioning that each point does not have to be too close.A channel is defined as an upward trend line parallel to the corresponding downward trend line.Two lines can represent price upward, downward, or horizontal corridors.The common attribute of a channel that supports the connection point of a trend line should be between the two connection points of its reverse line. 3. Understanding and understanding of the average line: If you believe in the creed of "trend is your friend" in technical analysis, then the moving average will benefit you a lot.The moving average shows the average price at a specific time in a specific period.They are called "moves" because they are measured at the same time and reflect the latest average. One of the shortcomings of moving averages is that they lag behind the market, so they are not necessarily a sign of a trend shift.To solve this problem, using a shorter period moving average of 5 or 10 days will better reflect recent price movements than a 40 or 200-day moving average.Alternatively, the moving average can also be used by combining two average lines of different time spans.Regardless of the use of 5 and 10-day moving averages, or 40- and 200-day moving averages, buy signals are usually detected when the shorter-term average crosses the longer-term average upward.In contrast, a sell signal will be prompted when the shorter-term average crosses the longer-term average downwards. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
FX:XAUUSDEducation
by Blessed_V
GOLD: Will the rebound continue?Fundamental outlook for gold: The key remains in US economic data, focus on next week's CPI report. Although February's non-farm payroll employment numbers were far higher than expected, rising unemployment rates and slowing wage growth have led to a reduction in the market's expectation for a 50 basis point interest rate hike at the March Fed meeting. Meanwhile, the market's pricing of the terminal rate of the Fed has dropped significantly, and expectations of an interest rate cut before the end of the year have rekindled. According to the CME FedWatch tool, the probability of a 50 basis point rate hike by the Fed in March has fallen to 39.5%, with a 60.5% probability of a 25 basis point hike. The previous day's probabilities were 68.3% and 31.7%, respectively. Overall, the February non-farm payroll report still shows that the US labor market remains strong, but some data is beginning to show signs of cooling off. Against the backdrop of high interest rates in over 40 years, the market has responded very sensitively, rapidly weakening its expectations for the Fed's interest rate outlook, causing the US dollar and US bond yields to plummet and driving up the price of gold. Finally, the short-term direction of the gold price still depends on the situation of US economic data. The US CPI report for February, which will be released on Tuesday, March 14, is particularly important. If core inflation or detailed data show signs of a decline in inflation, it may push the US dollar and US bond yields even lower, thereby boosting the price of gold. If the data continues to show inflation stickiness, the US dollar and US bond yields may not fall so quickly. Technical outlook for gold: Expected to continue its upward trend On the weekly chart, the gold price rebounded from a major support area, which is composed of the 100-week moving average and the high point of the week of August 8, 2022 (1,807). This week recorded a longer lower shadow, continuing the rebound trend from last week. From the trend pattern, the upward momentum of the gold price is relatively strong, and it is expected to continue its upward trend next week. If the trend does rise, the immediate resistance area may be at the 61.8% Fibonacci retracement level (1,899), the low point of the week of January 16 (1,897), and the high point of the week of February 6 (1,888). On the other hand, if the trend falls back, the market may retest the above-mentioned major support area (1,804/1,810). However, the specific direction choice may still depend on the situation of US CPI data. It is worth noting that if the data fails to significantly weigh down the gold price, this will help confirm the (1,804/1,810) as a temporary low point, thereby providing support and driving force for the gold price to rise. CURRENCYCOM:GOLD TVC:GOLD VANTAGE:XAUUSD
FX:XAUUSDLong
by investmentMr-X
3
Short gold immediately The 1830 short position on gold has been closed for profit. What can we do now to maximize profits? Looking at the short-term trend, a death cross has formed on the 15-minute chart, and with continued weakness on the 15-minute chart, a death cross on the 30-minute chart is also about to form. Therefore, it makes sense to sell at this point. My personal trading strategy: Enter a short position at the current level, with a target of 1820. During the profitable process, investors can choose their own profit-taking levels based on their risk tolerance. Liking, commenting, and subscribing are your biggest encouragement to me. Find me to make trading easier! You are also welcome to check out my other ideas below. OANDA:XAUUSD FXOPEN:XAUUSD
TVC:GOLDShort
by Ice_and_Fire1
XAUUSD:what will be the final direction? Compared with his testimony in the Senate on Tuesday, Powell's speech in the House on Wednesday was milder, causing the US dollar to undergo a short-term correction and giving the gold price an opportunity to stabilize near 1800. In his testimony on Tuesday, Powell's remark that "the Fed is prepared to accelerate the pace of interest rate hikes, and terminal rates may be higher than previously expected," stimulated expectations of rate hikes to reach new highs, with the expected terminal rate exceeding 5.7%. As a result, the US dollar index soared, and the gold price plummeted more than 30 dollars per ounce that day. However, in last night's testimony in the House, Powell's speech was slightly milder. He emphasized that no decision has been made regarding the pace of rate hikes and reiterated that the Fed will be data-dependent. This cooled the prospect of rate hikes slightly, causing the US dollar index to pause its uptrend and gold prices to stop falling and rebound slightly, rising 0.35% intraday as of now. However, it should be noted that although the market has cooled down on the prospect of Fed rate hikes in the past 24 hours, the cooling is not significant. According to the CME FedWatch tool, the market currently expects a 50 basis point rate hike at the March meeting with a probability of 76.4%, slightly lower than 78.6% one day ago. At the same time, the market's expectation for the Fed's terminal rate remains above 5.7%, with almost no signs of cooling compared to one day ago. In the case of high expectations for rate hikes, the short-term decline in the US dollar index may not last long, which means that although the gold price may rebound and correct slightly, it is unlikely to evolve into an upward trend. Technically, attention should be paid to the support role of the 105-105.30 area for the US dollar index. If this area holds firm and resumes an uptrend, it will bring the risk of gold price breaking below 1800. In the short term, gold remains in a volatile range, with a resistance level of 1825-1830. If the price reaches this level, consider entering a short position with a small position. The downside target is 1810-1800. If the price breaks below 1800, the downside will be further opened up. Pay attention to the non-farm data to be released on Friday, which will provide some guidance for the future market. I have in-depth research on futures products such as cryptocurrency, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes. Friends with questions can leave me a message in time, and I will give the most secure advice. Hope it can help you.
FX:XAUUSDShort
by FlashTrades_
Continue to short gold. Gold received a boost from the positive impact of initial jobless claims data, resulting in a short-term rally. The resistance level above is at 1225, and those holding short positions at 1819 can continue to do so, waiting for the market to return to the technical aspect and continue to decline. Additionally, it is possible to add short positions again around 1824-1825 and short directly at that level. The stop-loss can be set at 1830, with the target at 1810. During the profitable process, investors can choose their own take-profit points according to their risk tolerance. FXOPEN:XAUUSD OANDA:XAUUSD
FXOPEN:XAUUSDShort
by Ice_and_Fire1
GOLD: Two possibilities for a declineTolerance is not weakness or submission, but rather the ability to understand others' difficulties, make up for their shortcomings, promote their strengths, and forgive their mistakes without jealousy, belittlement, mockery, or blame. Tolerance is about affirming oneself while recognizing others, and it is a state of treating life and others with kindness. Behind tolerance lies love and strength. Tolerance is the highest level of cultivation in life. Yesterday, Powell's speech directly increased the probability of a 50 basis points rate hike by the US Federal Reserve in March to a high probability event. This result should not come as a surprise to anyone. I gave analysis and predictions last Sunday and yesterday, both of which were correct in predicting the main direction. (Here is the specific analysis from last Sunday and this Tuesday. If you haven't seen it, you can click on the image for specific strategies.) Taking the hourly chart of gold as an example, after a sharp drop (or rise) in a single day, two common patterns are: 1. A certain proportion of rebound and then a significant new low 2. A small rebound directly leads to a new low, then a significant rebound, and finally a new low again. These are analysis perspectives. When it comes to trading, at the beginning, we will inevitably have the illusion of seizing the rebound space of 30 points first and then shorting it again at the high point. However, in the long run, this is not cost-effective. If we get it right, we can seize the rebound of 30 points. If we get it wrong, we may have a loss of 60 points directly with a new low. In the process, you may also increase your position, which will make the rhythm very messy. Therefore, from the perspective of correct trading, regardless of whether the final trend is to rebound first and then hit a new low or hit a new low first and then rebound, we need to enter the market at a certain height of rebound, requiring more patience and psychological expectation. Specifically, it means waiting for a rebound to around 1830 to short. In short, the current market direction is not clear enough, and we should wait and observe rather than take uncertain actions. We come to the market to make money, not to gamble, so we must have patience and self-control. Finally: If you agree with this point of view, please click the rocket to express your support. Your support is the motivation for my persistence, thank you everyone! COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
9
After the gold plunge,how to accurately grasp the gold operationMessage surface: Federal Reserve Chairman Powell was unexpectedly very hawkish when he testified on the semi-annual monetary policy report on Tuesday. He said that after raising interest rates at a faster pace, future interest rate expectations may be higher.This caused the market's expectations of the Federal Reserve raising interest rates by 50 basis points in March to quickly heat up, and triggered a full-scale rebound in the dollar, which suppressed gold prices to the weakest level in four trading days at 1813. In addition, investors also need to pay attention to the US “small non-farm payrolls” APD employment data this trading day. The market expects ADP employment to increase by 200,000 in February, compared with the previous value of 106,000. This expectation is biased towards bearish gold prices; In addition, this trading day also needs to pay attention to the speech of Richmond Fed Chairman Barkin and the semi-annual monetary policy testimony delivered by Fed Chairman Powell to the House Financial Services Committee. Powell's speech is estimated to be much the same as Tuesday, but if Barkin's speech further strengthens the expectation of raising interest rates by 50 basis points in March, it may further suppress gold prices. Technical aspects: Gold was physically saturated with the big negative line yesterday, and it continued to fall below the 5-, 10-, and 20-day moving average, and the gold price fell below multiple key support levels. It is currently trading at the 1814 line. This state is enough to change the previous pattern of strong rebound.At present, both technically and the market's expectations of future fundamentals, gold bulls will not get any advantage, and the overall market sentiment will turn short again. The lack of any rebound in the market is enough to show that the current market short sentiment is very heavy. At present, the bulls can't see a little bit of rebound power, and there is too much room for a short-term decline last night, so don't chase the short-term for the time being. At present, the market is in a weak correction transition. I look forward to a certain technical rebound in the market. Take advantage of the rebound and then consider short-term participation. During the day, you can first pay attention to the first rebound after the overnight fall. The small high is near 1823, and continue to pay attention to the 1810-1805 support area below. Operationally: You can participate in empty orders when you rebound to near 1823, the expected target: 1810-1805; you can try to go long in small batches when you step back to near 1805 for the first time, and the expected target is near 1823. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by Blessed_V
2
GOLD: A head and shoulders top is about to form?When it comes to investing, don't expect everyone to understand you. Even if you do well, not everyone will like you, and even if you do a lot, not everyone will approve. After all, others care about the results and not the difficult process you went through. The same mouth can say different things, the same eyes can see different perspectives, and the same heart can have different thoughts. People can only do their best and have confidence in themselves. We need to understand that the investment market does not sympathize with the weak and does not believe in tears. Like a hawk soaring in the sky, it doesn't need applause. Like a blade of grass growing in the field, it doesn't need anyone's pity. Like a wildflower blooming in a deep forest, it doesn't need anyone's admiration. When it comes to doing things, we don't need to make others understand us; we just need to do our best. When it comes to investing, we don't need to seek others' approval; we just need to be true to ourselves. In trading, we need to have integrity and treat others with kindness. Fundamentals On Monday, spot gold retreated from its two-and-a-half-week high earlier in the day due to approaching risk factors such as Powell's speech and non-farm payroll data, while the US dollar index fluctuated downward. The yield of the US 10-year Treasury bond showed a V-shaped reversal, and the US market rebounded to recover the intraday decline. In addition, a global benchmark loan rate, the 3-month US dollar Libor, surpassed 5% for the first time since 2007. Currently, looking at the hour chart of gold: technical side Gold failed to break through 1860 on Monday and continued to decline. It has now fallen below the key support level of 1845. 1845 is a key support and resistance level that marks a turning point. Currently, with the break below 1845, it is highly likely that the market will move towards the support level of 1830. Originally, gold was following a wave-like rhythm, with 1845 marking the top of wave one. If gold is to continue its upward momentum, 1845 must not be breached. However, with the current break below 1845, the wave-like rhythm is no longer applicable. Therefore, it is highly likely that gold will form a head and shoulders pattern, with a decline to the 1830 support level, a rebound to 1845 to form the shoulder, and then a direct drop below 1830. Furthermore, the 4-hour chart of gold has already shown a sequence 6, indicating a high probability of further decline. On Sunday, I gave a bearish view on gold for this week, which has proven to be accurate. You can refer to this article, which I believe will be helpful to you. (click image to view full policy) Trading strategy: Currently, it is recommended to open a short position at 1845-46, with a stop loss at today's high point of 1852, and a target of 1830. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
14
How to grasp the impact of news on GOLD? Here we will use the United States as an example since it is a major world economy with significant influence and weight. Point 1: Release of important data For instance, the release of US non-farm payroll (NFP), employment data (ADP), initial jobless claims, CPI, GDP, PMI, etc. all have varying degrees of impact on the price of gold. Often, the release of this important data will trigger fluctuations in gold prices. Generally speaking, when the US dollar rises, gold falls, and when the US dollar falls, gold rises. However, there may be synchronous situations, which are very rare. If this occurs, investors need to analyze and consider it carefully. For instance, the weakness of the US dollar often pushes up the price of gold, as the decline in the US dollar can allow investors who use non-US currencies as their base currency to buy cheaper gold with other currencies. It can also stimulate demand for gold, especially in the consumption of gold jewelry. Point 2: Speeches by some important officials For example, speeches by well-known officials such as those from the Federal Reserve and the US Treasury. Undoubtedly, speeches by officials from different countries are a significant factor influencing the trend of gold prices, but the impact of officials' positions, identities, and the content of their speeches on the gold market varies in magnitude. The above two points are a few of the news contents that have a significant impact on the price of gold. In addition, other economic data in the United States should also be noted as they all mutually influence and relate to each other. COMEX:GC1! BIST:XAUUSD1! MCX:GOLD1!
FX:XAUUSDEducation
by investmentMr-X
The opportunity for gold next week is here. Hey, do you remember the perfect curve pressure on gold we talked about a few days ago at 1860? It's getting close now, so how should we view it next? It's still a bullish trend, but with the arrival of the pressure level, the short-term trend of gold is likely to be suppressed first and then rebounded. Short-term trading strategy: It is suggested to focus on buying on dips next week, with short selling as a supplement, and the short-term key resistance level is around 1860-1870. For those who are trapped, this may be an opportunity. (As I do not know where your position is trapped, I cannot provide corresponding strategies. It is recommended to discuss with me directly.) The short-term key support level is around 1845-1840. You can confidently buy on dips. I will also pay close attention to the non-farm data next week and provide recommendations. Welcome everyone to leave a message. TVC:GOLD OANDA:XAUUSD FXOPEN:XAUUSD
FXOPEN:XAUUSDLong
by Ice_and_Fire1
1
During the Super Data Week, will XAUUSD drop to 1804? Powell will testify before the Senate Banking Committee on Tuesday on the Fed's semi-annual monetary policy report. He will then testify before the House Financial Services Committee on the same topic on Wednesday. The market will also digest the latest non-farm payroll report for February, which is widely expected to add 200,000 jobs, with an unemployment rate of 3.4%. The upcoming testimony of Fed Chairman Powell and the February employment report will guide the direction of precious metals. The February employment report and Fed Chairman Powell's testimony in Congress this week should clarify whether recent comments about "continuing higher interest rates" are justified. In the short term, gold is still heavily dependent on data and the trend of the US dollar. If the Fed ultimately decides to raise interest rates, the trend of gold will be suppressed, and there will be a wave of downward movement. Looking at the hourly chart of XAUUSD, the current trend is running within the range of 1840-1860. It is expected that the overall trend will not form an effective breakthrough before explosive news comes out. Therefore, there is a demand for a decline when the trend reaches around 1860. Short-term traders can operate by selling high and buying low in this range. This week is the Super Data Week, with CPI, PPI, ADP, and NFP data, and the release of each data will directly affect the trend of gold, and is also the key to breaking the oscillation range. Personally, I will continue to pay attention to the release of data and the speeches of the Fed, and provide friends with the latest operational ideas. Thank you for your attention and support.
OANDA:XAUUSD
by FlashTrades_
1