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XAUUSD:The rebound is not over yet From yesterday to now, the fluctuation of gold is not large. From the shape point of view, it is still in the repair stage. Therefore, before reaching around 2330, try to trade mainly in low-level long positions and wait for the price to reach above 2330. After the indicator is repaired, the probability of returning to the short trend is relatively high. At that time, you can start trading in the medium-term short trend again. Friends who need accurate trading signals, please contact me.
FOREXCOM:XAUUSDLong
by Allen_Ex
Profited $18K, Fed rate decision, continue to short gold!Although gold rose beyond expectations and broke through 2335 today under the stimulus of CPI data, we still won a big victory in the short position! We added short positions near 2332 and 2338 respectively. Gold fell back quickly after touching 2341, and we closed the position manually near 2325; then when gold rebounded to 2330, we shorted gold again and closed the position manually again near 2323. Obviously, I made more than $18K in profit from today's short trade. Very considerable income! The Fed's interest rate decision and Powell's speech later may exacerbate the short-term volatility of gold. Of course, this is also an opportunity for us to participate in transactions and make profits. In fact, for now, judging from the recent US economic data, I think the Fed does not have the conditions to cut interest rates immediately, so it is very likely to postpone the rate cut, thereby suppressing gold; and Powell's speech is likely to express an optimistic attitude, thereby supporting the rise of gold, so in the next period of time, gold may fluctuate violently back and forth! From a technical perspective, I think gold is likely to hit the 2350-2355 area during the violent fluctuations. If gold breaks through this area strongly, it may even reach around 2370. So after closing the short position to make a profit, I have not participated in short trading again. But even if I am bullish on gold now, I will not chase the rise of gold. I may even try to short gold in small batches in the 2350-2355 area. If it breaks through this area strongly, I will choose the opportunity to short gold again in batches around 2370. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
XAUUSD June 12, 2024 everyone waiting for the CPI roundLast week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The unemployment rate and the number of applications for unemployment benefits increased, showing that the economic situation is slowing down With bad economic signals, the main reason is due to high interest rates, which reduces the cash flow in the US economy, causing a lack of capital for economic development. However, on Friday when the Nonfarm index was released, we saw a sharp increase in the job change rate, which could be the medicine to help the Fed maintain high interest rates for a while longer. Curbing inflation to 2% will come at the cost of economic stagnation, so today's CPI will help us have a clearer view of the decision to cut interest rates in the near future. . From an analytical perspective according to Elliot - After forming the abc wave structure (black), the price does not decrease according to the previous trend but forms a structure running in a triangle wedge. This brings us to a complex adjustment model abcde - Looking at the complex correction model, it is difficult to specifically identify each wave. We can only recognize when the model is complete - This pattern is confirmed when the price breaks out of the lower boundary of the triangle. We will wait for this Breakout to enter a sell order. - In case the price breaks out to the upper edge, this correction model is no longer correct when measuring, we must confirm the price model at that time. After wave 4 completes, the price continues to follow the previous downtrend to complete wave 5 - We have wave 5 targets at 2 price zones 2264 and 2229. - We can find buy points in these areas. Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
XAU/USD 11 June 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has continued to trade to the downside Price has now pinted a bullish CHoCH which indicates initiation of bullish pullback phase. Strong swing low is expected to hold, however, it would be worth noting the swing low must be taken as the weekly and daily TF's are both in pullback phase. Yesterday's intraday expectation dated 10 June 2024 was for price to price to print bullish CHoCH, trade up to premium of internal 50% EQ before targeting weak internal low. Price has printed a bullish CHoCH which is indicative of bullish pullback phase initiation. Intraday expectation: Price to continue bullish, react at premium of 50% EQ or H4 POI before targeting weak internal low. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bullish CHoCH which is indicative of bullish pullback initiation. We are now trading within an internal high low. Yesterday's intraday expectation was for price to print bullish CHoCH to indicate, bullish pullback initiation. Price to trade up to premium of 50% EQ, or, M15 supply zone before targeting weak internal low. Bullish CHoCH has been printed. Intraday expectation: Price to trade up to premium of 50% EQ or M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD June 10, 2024 Opportunity after a sharp decline?Last week we saw a sharp decline on Friday due to news that China stopped buying gold reserves and the Nonfarm index was good for the USD. Seen from Elliot's perspective - We have wave 4 completed at the price range of 2386, then wave 5 continues to move in a downtrend. - We see a sharp move of wave 5 so this is likely wave 3 within wave 5 (Wave 5 inside it is a small 5 wave structure 1 2 3 4 5) - So in order for wave 5 to complete, we need a correction of wave 4 in the big wave 5 - We have 2 adjustment targets: 2 price zones 2309 and 2321 - After completing the correction wave, the price will continue to decrease to complete wave 5 - We have wave 5 targets of 2 areas 2264 and 2229 - For now, looking at the H4 momentum indicator, it is in the oversold area, so the immediate selling force has temporarily weakened. It is possible that the next adjustment will be to the target areas above. - We will observe the important price zones above to look for transactions Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
OANDA:XAUUSDShort
by DEEKOP
Profited $9K, short gold again!Today, gold maintained a volatile correction. Although the fluctuation was not large, we still made relatively good profits in both long and short transactions. First, we bought gold near 2292 and set TP: 2300; obviously, gold successfully hit our target during the rebound; then we sold gold in batches near 2301 and 2308. When gold fell back to around 2302, we chose to close the position manually, and we made good profits overall. So far, I have made a total profit of 9K, which is a good result for today's market! At present, gold is in a stage of shock repair. Although it has rebounded in the short term and re-standing above 2300, it has not made effective progress and has not even effectively broken through the short-term resistance area of ​​2310-2315. Therefore, gold is only rebounding, not reversing. Therefore, we should not be too bullish on gold for now. According to the current market conditions, it is obvious that the short-term support of gold is in the 2300-2295 area, followed by the 2285-2280 area, and the upper short-term resistance is in the 2310-2315 area, followed by the 2330-2335 area. So we can perform high-sell and low-buy operations in the support and resistance areas! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by alongwineer
1
XAUUSD:Short, medium-term target 2306-2294 After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340. In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance. In terms of overall large-scale transactions, 2306-2294 can be used as a medium-term target. If you have any questions, feel free to leave me a message. Have a good day and good luck to everyone!
FOREXCOM:XAUUSDShort
by Allen_Ex
Go long first, then short gold!Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak. In general, gold is consolidating at a low level and is in a volatile repair market. Due to the excessive decline on Friday and the large space, the decline may continue in the short term, but the space is obviously not large. The short-term support of the 2285-2280 area below is still strong. Many people in the market have set their sights on the 2260 area, but I think that at least today, the decline will not continue to this area. So in today's trading, I actually tend to go long gold on dips, because the current price is already low. Only when it rebounds to a higher or effective resistance level will I consider going short to gain retracement profits. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDLong
by alongwineer
Today's trading trends, selling strategiesThe employment and economic data released by the US last week showed both positive and negative trends. However, the fairly positive job market has caused the market to predict that the US Federal Reserve (Fed) will not cut interest rates before November this year, instead of September as previously forecast. Experts say that world gold prices in the next few days will adjust within a narrow range to wait for information from the Fed meeting taking place on June 11-12. Surely the Fed will keep interest rates unchanged this meeting. However, the market will look for information about the health of the US economy and the direction of inflation. Some financial institutions believe that the Fed cutting interest rates may consider the deflation situation of the world's No. 1 economy, when it twice reported the country's gross domestic product growth in the first quarter. a sharp decrease compared to the fourth quarter of 2023. Experts recommend that investors should patiently wait for information from the Fed meeting. Because gold prices will be strongly affected when the Fed releases positive information from the US economy.
TVC:GOLDShort
by FalCol_TradingMaster
Gold fell deeply at the end of the week, the downtrend continuedWorld gold prices tend to recover with spot gold increasing by 2.3 USD compared to last week's closing level to 2,294.9 USD/ounce. The gold market this week is forecast to have many fluctuations and the direction of this precious metal depends heavily on the consumer price index (CPI) report and the interest rate decision of the US Federal Reserve (Fed). ) and a speech from the head of the world's most powerful central bank. Last week, the market witnessed a strong sell-off when receiving two unfavorable information. Gold lost up to 80 USD during the day, recording the strongest intraday decline in 4 years. Specifically, the price reversed when the latest report showed that the People's Bank of China did not add gold last month, cutting off this central bank's 18-month gold buying streak. The report raises concerns that gold demand will slow down in the near future. While the market is gradually stabilizing, expectations that the Fed will raise interest rates in September are gradually fading after the US Department of Labor's employment report dealt another strong blow to the market. The Fed started the fight against inflation from March 2022 with interest rate increases. In this way, the US Central Bank wants to slow down economic growth and reduce inflationary pressure, with the goal of bringing inflation down to 2%. Recent inflation reports show that inflation is currently at 2.7%.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD week 2 June 2024 where will the decline come?Last week, China announced that it would stop buying Gold in May, making investors worried, leading to a sharp drop last Friday. In addition, the published Nonfarm news also showed that the change in US employment rate increased sharply from 165k to 275k. These are the things that caused Gold to have a sharp decline on Friday Looking at D1, we see that the sharp drop in price on Friday completely negated the increase last week. - This also confirms that wave 5 has not yet started when the price breaks below the 2318 zone - So the wave 4 correction model now becomes a Flat model with the top of wave b equal to the bottom of wave a. - From the measurement, we can measure the target of wave c in wave abc or wave 4, there will be 2 targets: area 2260 and area 2205. - This correction process, the abc process in wave 4, is confirmed to be completed when the price breaks through 2452 - This correction is negated (i.e. our current wave counting model is no longer valid) when the price breaks below 2145. - Looking at the current momentum indicator, it is preparing to reverse and decrease so in the short term, the price will continue to decline, so we should limit bottom fishing at the current price range. Our trading plan is to observe two target zones, the 2260 zone and the 2205 zone, to find a buy signal.
OANDA:XAUUSDShort
by DEEKOP
XAUUSD:Entering the medium-term bearish range Gold successfully touched the resistance near 2368-2373 today. The current small level is retesting the support range of 2363-2352. There should be another rebound at that time. The resistance area to focus on first is still 2368-2373, followed by 2378-2383. The bullish target has been achieved, and the next focus will be the bearish target area of 2306-2294. The trading space is relatively large. If your account does not have sufficient funds to resist risks, it is recommended to focus on small-band trading, reduce the frequency of transactions, and only trade at key positions. This will reduce risks and increase the probability of profit. In addition, today is Thursday again, and the initial jobless claims data will be released during the US trading hours. Given the recent large fluctuations, I believe that the amplitude space during the data release will not be less than 20$. Big profits also mean big risks. When trading, remember to put risk management first and try to ensure that the transaction is carried out without the risk of being blown. If you need real-time signals, you can leave me a message. Have a good day and good luck to everyone.
FOREXCOM:XAUUSDShort
by Allen_Ex