Get ready to start short-term gold sellingToday, I went long gold at 2310 and 2305 respectively and made a very good profit. Gold is currently trading around 2329. Judging from the recent trend of gold, gold has repeatedly touched the 2305 position area and quickly recovered, and this area happens to be the dividing line of the upward trend, indicating that although the bullish momentum has weakened compared with the previous period, there is still room for defense.this is also the reason why gold’s adjustment has not been effectively extended.
According to the current trend pattern, although gold is in a correction trend as a whole, unlike the previous unilateral rise pattern, gold is sweeping back and forth during the adjustment process.The non-continuation of the callback sets the tone for a shock adjustment. Therefore, we must master the trading rhythm during the trading process, and never chase the rise and kill the fall! Only in this way can you make stable profits in both long and short transactions!
Gold is currently trading near the 2330 area. According to the current situation, gold still has room for a rebound. Above 2330, I will consider gradually starting to short gold. The top will focus on the short-term resistance area of 2335-2340, and the bottom will first focus on the short-term support area of 2320-2315.
I will 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 said yes, let us enjoy the journey of making money together!
Xauusdidea
7 consecutive intraday trading wins, then go long gold!Today, I shorted gold near 2330 many times and went long gold in the 2318-2315 area many times. I achieved 7 consecutive short-term trading wins during the day and made a total profit of more than $19K. It should be regarded as a relatively good short-term trading result!
During the rebound, gold continued to rise with a strong positive line, reaching the highest level near 2337. The rebound strength increased, and the market bulls were eager to try again. Judging from the short-term trend, although gold has fallen back many times after rebounding, it has found support in the area near 2315. As the lows continue to move upward, gold has obvious signs of concussion and bottoming. Now, gold is constantly testing and consolidating the support in the area near 2320 during the decline. If the support is tested once it is effective, then gold will initially have the conditions to attack the 2350-2355 area again.
Therefore, according to the current gold trend pattern, since gold has shown signs of oscillating and bottoming out, and has shown strong resilience during its decline, we still cannot be overly bearish on gold in short-term trading.We might as well try to go long gold in the 2325-2320 area.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
GOLD-analyze
What everyone needs to pay attention to in the near future is further news on the situation in the Middle East and economic data from the United States. The geopolitical situation has slowed down. For the time being, Israel, Iran, and Hamas have no radical actions or battle plans. The market is a little calm, and the safe haven of gold is not so obvious. In terms of U.S. data, all data are looking for a slowdown in the U.S. economy. There is no clear result yet on the plan that will be enough to further reduce inflation. Today we need to pay attention to the performance of the initial monthly rate of durable goods orders in the United States in March. The current market expectation is for a month-on-month increase of 2.5%, which is slightly negative for gold prices.
Yesterday, gold reached a low of 2291 and closed at 2322, indicating strong support below. Today we will temporarily treat it as a range, with a large range of 2290-2350 and a small range of 2300-2344.
Above 2300, gold is still in an upward trend, but it is a weak trend, so buying is still the main trend, and selling needs to be cautious.
I marked the support and resistance on the chart. You can buy in the support range or sell in the resistance range. Arrange your transactions reasonably according to your own funds.
If you don't know how to trade, join me and I will analyze it every day
Gold is still in a correction, please refer to my predictionYesterday I turned into busy with non-public subjects and couldn`t percentage the transaction with the complete family. Tonight I will set up to take a seat down on Zoom to manual and chat with the complete family.
>Currently, Gold Overall, I see it's far sideways withinside the fee variety from 231x>2330. Currently, in line with the H4 Trend, I suppose Gold will nevertheless be capable of lower further. With this momentum, I will advise in 2 instructions in order that if Gold breaks thru an Up or Down span, it will likely be smooth for anyone to handle.
>Can Buy Gold round 2314>2218
SL 2310
City 2326>2336
>Sell Gold on region 2330>2334
SL 2338
City 2324>2314.
>If Gold these days breaks thru the 2338 sector or drops beyond 2310, I will replace more. In contemporary Asia-Europe session, anyone need to observe this slope to trade
-----NEWS-----
Gold fee forecast
However, professionals on Kitco trust that it's far essential to display greater gold fees this week to decide gold developments withinside the close to future.
Besides, a few weaker financial statistics from americaA is assisting gold fees. The US provider and production sectors misplaced momentum.
S&P Global stated its initial shopping managers` index for the U.S. offerings region fell to 50.nine from 51.7 in March.
In the lengthy term, gold remains in an upward trend. However, withinside the quick term, gold may also nevertheless need to witness a deeper correction due to the fact the decline withinside the first periods of the week is not anything as compared to the lengthy boom because the quit of December closing year.
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Go long gold directly, targeting the 2325-2330 area.During the day, gold fell back from above 2330, and the current lowest has touched around 2312. The current short-term trend has started to stop falling after multiple long upper shadow lines appeared during the continuous downward trend. During the decline, the energy of the bulls still showed strong resilience, and the short-term trend began to fluctuate and build a bottom. Although the overall trend was bearish, But after the rebound, there will be better room to fall.
So in terms of short-term trading, if you read my last article, you should consider following me to do long gold in the 2316-2314 area, TP: 2325. If you have not participated in the transaction,I still insist on the short-term long gold view and boldly go long gold in the 2316-2314 area. After gold rebounds to the 2325-2330 area, I will consider backhand shorting gold.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
XAUUSD: Is there a reversal in gold?
From the point of view of the one-hour chart, gold has broken through the track from the upward channel, and the trend after the breakthrough is temporarily concerned.
If it is a false breakthrough, the trend will return to the channel room, when we still maintain the idea of dips.
If it is a real breakthrough, the lower track of the uplink channel will form a counter-suppression, and pay attention to the performance near 2370 to make a decision!
Today, gold jumped low open, the lowest fell to around 2351, the day's maximum drop of 370 points, around Israel and Iran tensions have cooled, which makes the risk aversion has eased, thus putting pressure on the gold price, from the hour chart is indeed a downward breakthrough, focus on the strength of the rebound to consider short! Want to do more can consider 2344 and 2330 support performance!
I will announce the entry time in my group!
XAUUSD: Heading towards 2250$| Get Ready For Another Big SellDear Traders,
Yesterday was eventful day, Gold dropped till 2291 area and most of the retails liquidity started coming in the market, and as expected price took out most of the liquidity and took the price towards our first selling entry at 2331. However, we have witness strong bearish control at this point and it is likely to see some strong bearish momentum throughout the day. Our likely entry would be 2319$ targeting these areas first, 2290, 2270 and 2250.
Good Luck And Trade Safe.
Grasping the rhythm of both the long and short sides is profit!Because gold failed to touch the 2300 position area again overnight, I adjusted the TP of all short positions yesterday to 2316. Today, in the early morning, all short positions touched the TP: 2316. Although the profit was much less than expected,but the transaction will be safer after adjusting TP. After that, I caught the rebound profit in the area near the 2318 position, hit TP:2330 again, and re-created a short order above 2330, and set TP:2320, currently hitting 2320TP again
So far, although gold has made significant adjustments, it has still not effectively fallen below the upward trend line, so gold as a whole still maintains a bullish pattern. However, compared with the previous period, the energy of gold bulls has gradually weakened, while the energy of shorts has gradually become stronger.At present, the small-level box structure of the gold market is being constructed. Before the small-level box structure is broken through, I believe that in short-term trading, high-level shorting will still be the main method, supplemented by low-level longing in due course.
Because gold did not break through the area where it started to fall yesterday during the rebound and repair process. If it is a deep V reversal, I think the strength is still slightly lacking, so I think gold is still in the rebound stage, not a trend reversal. Moreover, the top is also facing multiple technical suppression, so for short-term trading, I am more inclined to short gold above the 2325-2330 area.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
XAUUSD- Reversal trend appears strongGold, as I see it, has reacted pretty genuinely to the aid and resistance area at 2330. Currently, the Gold charge is going for walks withinside the H4 frames and beneath and is absolutely at the Seller side.
> With the present day fashion and the charge is going for walks all around the residence today, Canh Sell Gold Next for me
>Sell Gold Around 2322>2326
SL 2328
City 2316>2306
For Gold, if throughout the Asian consultation it will increase once more and breaks thru 2330, I will replace more. As for the Current Price Frame, every person have to watch Sell Gold in step with the Trend to be safe 😊😊❤️❤️
------NEWS------
Gold costs persisted to fall barely nowadays after hitting their lowest degree in extra than weeks on fading issues approximately escalating tensions withinside the Middle East, even as buyers wait for crucial monetary information to Know extra approximately americaA hobby charge reduce schedule.
Spot gold changed into little modified at $2,321.fifty six an oz. after hitting its lowest due to the fact April 5. The March-April rally in bullion driven gold costs up nearly NYSE:FOUR hundred to a excessive all-time excessive changed into $2,431.29 on April 12. US gold futures had been down 0.2% at $2,342.10.
Israeli assaults intensified throughout Gaza in a number of the heaviest shelling in weeks, however with fears of a much wider warfare easing after Iran stated remaining week it had no plans to plans to retaliate after an obvious Israeli drone strike, economic markets display symptoms and symptoms of extra danger appetite.
“That way gold, that is regularly visible as a danger haven, has misplaced its position,” stated Julia Khandoshko, CEO of European brokerage Mind Money.
Khandoshko stated the marketplace is likewise carefully looking indicators from americaA, in which inflation information and statements from americaA Federal Reserve (FED) advocate hobby quotes might not be reduce in June.
Recent remarks from Fed officers advocate there's no pressing want to reduce hobby quotes, decreasing the attraction of zero-coupon bullion. Traders now anticipate the Fed`s incredible reduce will maximum in all likelihood are available in September.
Markets will watch US GDP information on Thursday and Personal Consumption Expenditures (PCE) information on Friday for similarly clues at the fitness of the financial system and the timing of cuts.
“There are a variety of buyers who overlooked out at the huge rally in gold and can be trying to seize dips like this,” stated Fawad Razaqzada, marketplace analyst at City Index.
In different metals markets, spot silver rose 0.4% to $27.29. Autocatalytic steel platinum fell 0.5% to $912.75, even as palladium rose 1.1% to $1,020.12.
Don’t be afraid, the rebound is an opportunity to short goldGold has rebounded to around 2332 in the short-term. Many people are definitely afraid that gold will continue to rise to a higher level again. Maybe many people are even chasing gold above 2330. In fact, as emphasized in the first two articles, gold has now fallen below the upward trend, and the short trend is now very strong. The short position is far from over, so even if gold rebounds and repairs in the short term, I am not worried. If you read my previous article, I'm sure you know the orders I currently hold. To be honest, I currently hold short positions near 2316, 2320, 2325 and 2330. Although gold has just fallen back to around 2315 in the short term, all my orders have made good profits. But I still did not choose to close the order. I firmly held the order until it hit TP: 2305.
Gold started to fall from the 2335 position during the day, and gold did not even touch the 2335 position during the rebound. Therefore, it is confirmed that gold is only rebounding and repairing during the decline, rather than a trend reversal. Gold bears will continue to perform, and I expect gold to continue to fall back or even test the 2290 area support again. So I thought it was reasonable for me to set up the TP2305 during the transaction.
Therefore, don’t worry about gold’s rebound and recovery in the short term. Instead, I think this is a good opportunity for the market to go short again. I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
Gold drops $100, can we go long?Gold started to fall from the 2401 position on Friday, and the lowest has fallen back to around the 2296 position, with a drop of $105. With such a large correction, I believe the bulls are ready to make a move, so can I go long on gold now?
Although gold has fallen sharply, it still remains above 2300, so gold has not yet fallen below the upward trend line. From a large-scale perspective, gold as a whole is still in an upward trend. The sharp decline in gold at the short-term level has digested the technical head and shoulders pattern. And although the situation in the Middle East has eased at the news level, the risks have not disappeared. Therefore, after all the negative factors for gold appear, whether it is technical or news support, gold should rebound to a certain extent. I think this should be the trading idea of most bulls.
In fact, according to the current trend of gold, gold has fallen sharply and has broken through multiple key supports. The early key support areas have gradually turned into resistance areas. This is why even if there are occasional local rebounds during the decline, they are not strong. In terms of small-level trends, gold did stop its decline in the 2300 area, but gold has already made an attempt. It stands to reason that there will be at least a second attempt to fall again and hit the 2300 area. Moreover, the rapid and sharp decline of gold will cause a series of selling waves and accelerate the decline of gold. Therefore, I think it is best not to go long gold against the trend now. On the contrary, a small-level rebound is very likely to be an opportunity to short gold.
Finally, everyone also needs to learn from previous transactions. Gold has been rising all the way in the past period, and it has also risen by a lot. How many people have suffered a bloody loss in short trading? Those are bloody lessons. So now the wind direction has changed. During the sharp decline of gold, stop thinking about speculating on long gold. Waiting for gold to rebound and shorting are the only way to follow the trend. In the short term, the main focus is on the resistance in the 2320-2325 area above.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
GOLD-Range trading
A survey released by the Federal Reserve on Wednesday showed that U.S. economic activity expanded slightly from late February to early April, and companies said they expected inflationary pressures to remain stable, continuing a recent trend that has prevented the Fed from cutting interest rates. In terms of the geopolitical situation, the United States, the European Union and the Group of Seven (G7) have all announced plans to consider imposing stricter sanctions on Iran. The outside world believes that this is to appease Israel and persuade it to restrain its retaliatory actions against Iran. Today, we will focus on the changes in the number of initial jobless claims in the United States and the annualized total of existing home sales in the United States in March. We will also pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation.
The current high of gold is at 2431, and the lowest has fallen to around 2324. It is currently oscillating above 2300, and the market has no continuity. I think that only when gold falls below 2300 can we judge whether the upward trend has changed, and when it falls below 2272, we can confirm that it will be in a downward trend.
Now we can sell high and buy low within the range. The large range is 2320-2405 and the small range is 2348-2398. The current daily fluctuation of gold is 30-40 US dollars. The above is the standard for trading.
The upper 2392-2398 is yesterday's resistance range, and the lower 2340-2350 is the support range. Arrange positions reasonably according to funds. Gold changes quickly. You need to change your strategy in real time according to the trend. The above is for your reference.
Follow my trading strategies to greatly increase your trading success rate, so that you can make profits through trading