Start shorting gold!Today, gold still maintains an upward trend, and gold is currently trading around 2420. Everyone must have questions, whether the bulls will continue to rise, or wait for the high point to pull back, I think this is the most concerned issue for everyone at present!
In fact, I am not optimistic about how high gold will continue to rise. Although gold has risen to around 2420, it seems strong. However, gold has never been able to break through the left shoulder of the daily head and shoulders top pattern during the rise, so the daily head and shoulders top pattern still holds! The rise in the right shoulder of gold is not strong, so we must be careful of the shorts counterattacking at any time. So in the next transaction, we can't be too aggressive in going long on gold! Be careful of the trend of gold falling after rising. Once the decline of gold causes selling, it will be difficult for long positions to get out of trouble; in addition, the US dollar index has also touched the support position in each cycle, and the support rebound of the US dollar index has also suppressed gold to a certain extent!
So in terms of trading, I don’t advocate going long on gold at present. On the contrary, I prefer to go short on gold at a relatively high level, and then wait patiently for gold to fall!The main focus on the upper side is the 2425-2430 area resistance, and the lower side is the 2400-2395 short-term support, followed by the 2385-2380 area support.
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. !
Xauusdsell
XAUUSD: high 2420Sell, target 2402The overall performance last week was good and the winning streak was maintained. I hope it can be continued this week.
Gold's opening performance today was average, and the upward trend was not as strong as last week. The short-term pressure of 2420 has been unable to break through many times. This is likely to be a signal of peaking. At the same time, the high head and shoulders structure can be clearly seen on the daily chart. This is a downtrend pattern.
Judging from (1H), it is currently in a high-level and wide-ranging state of shock, and now it has once again reached the pressure area of 2420, and is stagflation here again. Since it cannot break through, it will fall again. Therefore, I think we can sell near 2420, with the target set at the previous lows of 2402 and 2395.
Update gold price on important CPI dayGold Yesterday, after retesting 238x as I expected, there was a decrease to 237x.
Regarding the Main Trend, Gold I think can still continue to increase strongly.
Today everyone continues to refer to the Gold Buying Trend Plan around 2370>2374
SL 2368
City 2380>2388
If Gold retests the candlestick areas on the 238x or 239x area and shows good signs, I will update more.
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Gold charge forecast
World gold charges accelerated withinside the context of the USD index falling. Recorded at 4:00 a.m. on July 11, americaA Dollar Index measuring the fluctuation of the dollar with 6 foremost currencies turned into at 104.6952 points (down 0.11%).
Gold charges accelerated withinside the context of Chairman of americaA Federal Reserve (FED) - Mr. Jerome Powell giving a speech earlier than the Financial Services Committee of americaA House of Representatives. He reiterated that the primary bank "stays absolutely targeted on its twin mandate of selling most employment and solid charges". The FOMC believes that "the dangers to reaching our employment and inflation desires are extra balanced."
The Fed Chairman additionally emphasised that the FOMC will keep to make choices at every meeting "after cautiously comparing enter facts and their effect at the improvement outlook, stability of dangers and exposure." suitable direction of financial policy.
Asked whether or not the Fed could want to look center PCE inflation fall beneath 2% at the least as soon as withinside the coming months earlier than thinking about a fee reduce, Mr. Powell disagreed.
When requested approximately the elements the FOMC wishes to recall to guide an hobby fee reduce in September, the Fed Chairman stated: "I didn`t deliver any alerts approximately a selected date. What we stated turned into "We need to have extra confidence. That way higher inflation numbers, that inflation is coming down sustainably to 2%."
Mr. Bart Melek - head of commodity marketplace method at TD Securities economic offerings company - stated that the marketplace believes that americaA Federal Reserve (FED) is possibly to begin reducing hobby rates. subsequent September. It is that this psychology this is definitely contributing to the contemporary situations of the gold marketplace
Czech Gold Holdings Rise as Governor Michl Diversifies Reserves he Czech Republic expanded its gold reserves in June as central bank Governor Ales Michl continues to execute a plan to diversify investments to make his institution profitable. Czech holdings of the precious metal increased to 41.5 metric tons, from 39.7 tons in the previous month, central bank data showed on Tuesday. The value of gold totaling $3.1 billion at the end of June still represented only a fraction of the overall reserves of $146.5 billion, which are one of the highest in the world relative to the size of the economy. Michl, who started his six-year tenure in July 2022, has set a goal to boost the ...
XAUUSD:2365 select Sell. Target 2352-2340From the overall trend of gold prices in recent times, it is a trend of rising first and then falling back. The daily line forms a downward signal of dark cloud covering the top, and the short-term bullish trend has come to an end. At the same time, it rebounded after falling to the second support level of 2352 yesterday, and now it is around 2365. After breaking through yesterday, the 2365 line has turned from support to resistance. Therefore, we need to adjust our strategy and flexibly respond to the next gold price changes.
In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
The US economy clearly shows cracksGOLD the day gone by after having a robust fee drop of almost 30 points. Now it has returned. With the fashion in H4 and D1 nonetheless displaying an boom, consistent with me, GOLD will maximum possibly check one extra beat to boom 238x.
With the information that the conflict remains going on, consistent with me, destiny GOLD could be capable of boom with the aid of using 2,500, everyone!!
For today`s plan, please confer with BUY GOLD round 2355>2359
SL 2351
TP 2366>237x
Currently the Buy facet is pretty robust so I will consciousness on BUY. If there's a brand new overall performance or a Sell point, I will notify you later, everyone
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The enduring power of americaA financial system through the years has amazed specialists. However, cracks are beginning to seem withinside the world`s biggest financial system because the carrier region weakens markedly because the unemployment price hits its maximum degree in almost 3 years.
Some financial specialists are starting to fear that americaA financial system is ready to fall into recession, that could purpose americaA Federal Reserve (Fed) to behavior a chain of hobby price cuts.
#xauusd Today is the trading strategy for July 8. (next Monday)
#xauusd Today is July 7th. I bring you accurate and perfect profit signals every day. Last week, everyone has made a lot of money for a week. Tomorrow is the first trading day of next week.
On Friday, gold rose directly from 2347 to 2392. My multiple signal intervals have won huge profits in different periods.
The current signal area for tomorrow's activity range is between 2357-2414. So I have circled some trading signals that can help you make profits in different periods of time
1/Buy range
Buy 2372-2376 (gold backtest, this price may be more suitable for buying and making a certain profit)
Buy 2361-2366 sl2357 (this price may appear in the US market. You can look forward to it)
2/Sell area
sell2391-2395 sl2398 (this area is more suitable for scalping.)
Sell 2309-2312 sl2314 (if the price breaks through this area, a new trend will form again)
I wish you all to win ideal profits on the first day of the new trading day. I will update my ideas every day when the European market approaches the US market. If tomorrow's trading area and signal fail, I will update my ideas at the same time.
I will help you choose profitable signals every day. Please give me a thumbs up. And join me. Thank you all
Gold rebounded strongly regardless of nonfarm newsGOLD is currently completely on the trend of the BUY side, but in terms of price model, I see that there is a reaction of 2 parallel cumulative peaks, most likely today or tomorrow. There will be a slight correction back to the 237x area. For me today, I will watch sell based on RSI over buying in Frames H1 and H4.
For today's plan, please refer to Canh Sell GOLD around 2384>2387
SL 2389
City 2378>2370
I will wait to BUY GOLD when there is a reaction below the 237x area, so for now everyone just watch for Sell.
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Optimism is protecting the arena gold marketplace. Disappointing monetary data, highlighted via way of means of a slowdown withinside the US exertions marketplace, are growing marketplace expectancies that the Federal Reserve will decrease hobby costs in September. According to CME`s FedWatch Tool, The marketplace sees a almost 80% threat that hobby costs may be reduce after the summer time season break.
Independent metals dealer Tai Wong primarily based totally in New York (USA), stated bulls are aiming for a state of affairs in which gold charges will go back to an all-time excessive of $2,450/ounce, if the Fed begins offevolved making public hints (approximately while to reduce hobby costs) in September 2024.
Senior marketplace analyst Jim Wyckoff at Kitco Metals stated that the gold marketplace is being supported via way of means of "good buy hunting" shopping for sports of investors, whilst crude oil charges growth and the USD is weaker. additionally creates upward momentum for gold charges. This professional predicts that gold charges will probably flow sideways at present day tiers or lower from now till the stop of the summer time season.
In the instant future, withinside the week of July 8-12, spot gold charges face an crucial mental barrier of 2,four hundred USD/ounce. If this threshold isn't always exceeded, profit-taking strain and short-promoting sports might also additionally growth, inflicting gold to regulate again down.
Gold Shorts from 2,410 back downScenario A:
Gold is looking promising for upcoming sells within the 2-day supply zone. As price has been bullish, I expect it to slow down and weaken when approaching this supply. Once price mitigates, I anticipate a Wyckoff distribution to form, providing a precise entry for a valid sell.
Scenario B:
If price retraces before reaching the supply and enters a demand zone, I will look to buy back up towards the supply, following the current bullish trend. Key zones include the 16-hour demand zone or the daily demand zone, where I will be looking to enter buys.
Confluences for Gold Shorts:
- Price has been bullish and requires a retracement.
- Entering a 2-day supply zone that has caused a CHOCH to the downside.
- Lots of liquidity to the downside that needs to be taken.
- If price wants to continue going up, it must retest a demand zone I have marked.
P.S. Scenario C:
If price breaks past the 2-day supply and continues rallying, it will likely carry on its long-term bullish trend, potentially breaking new all-time highs.
XAUUSD - hanging high above the 236x threshold
Gold from past to present I see that Plan Sideway is reacting around 6>8 prices.
There's a lot of news on Friday, so I think Gold is easy to scan in both directions. If anyone trades today's news, you should wait for the news to come out before trading.
Today I Will Still Watch To Buy Gold According To The Trend Of MA.
> Everyone please refer to Buy Gold around 2354>2358
SL 2350
TP 2366>237x
This plan If Gold cannot increase strongly but still reacts in the Sideway range, then sell Gold right at the candlestick 2365>2366.
SL 2368
TP 2360>2354
For Selling, you should go for a small volume. The main thing is to Buy according to the Trend, everyone
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--World gold costs did now no longer range a great deal throughout the United States Independence Day holiday. The marketplace is awaiting US non-farm payroll facts to be launched today. Market analyst Christopher Lewis of FX Empire stated that this record could have a massive effect on gold costs withinside the future. Lewis stated that if gold costs fall after the record, buyers ought to see it as a shopping for possibility due to the fact this valuable metallic is in an uptrend and will reach $2,400/ounce or greater way to the boost. through sturdy call for from principal banks and shelter-in-area shopping for because of issues approximately geopolitical tensions.
Previously, on July 3, the United States introduced a brand new non-public area employment record in June of 150,000 jobs, down from 157,000 jobs in May and decrease than expectancies of 160,000 jobs. Initial unemployment gain programs final week have been 238,000, better than the 235,000 formerly forecast and better than the 233,000 performed the preceding week.
Weak non-public employment facts precipitated the USD to fall sharply, assisting gold costs to upward push to a 2-week excessive yesterday.
xauusd July 3 trading strategy
#xauusd Today is July 3rd. Every day I bring you accurate and perfect profit signals, I think today will not be a surprise
Today gold broke 2343. So there should be a new trend today.
Today's activity range of gold is between 2327-2371. Let's continue to talk about trading in two areas.
1/2327-2371 range
buy2329-2331/2333-23237 tp2350 (this price will be very safe, at the junction of the H dividing line)
sell2360-2365 sl2371 (breaking this price will no longer sell)
2/Outside the range of 2327-2371.
If the hourly line breaks through 2327, then gold will continue to fall.
sell23272-2325 tp2318 or more
Hourly line breaks through 2371. Then gold will continue to rise
buy2369-2371 tp2375 or more
I update my analysis almost every day. If you like me, please give me a thumbs up. And join me. Thank you everyone.
Gold short entry 2660.00 - 2365.00XAUUSD ( Update..! )
Intraday Sell setup short
GOLD SELL LIMIT AT 2360.00 - 2365.00
TAKE PROFIT 1 : 2350
TAKE PROFIT 2 : 2340
TAKE PROFIT 3 : 2335
STOP LOSS 2374
When hitting targets ;
Set Break-Even after first target.
Partial close at minimum 40-50 pips.
Implement minimum 2 layers in the zone
Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital.
XAUUSD - Sharp reversalSELL 2360-2365
SL 2370
TP 2340 - 2330- 2300
---------------------------
BUY when break 2372
TP 2380-2400
SL 2360
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World gold rate stood at 2,361 USD/ounce, a pointy boom of 32 USD/ounce as compared to the equal hour the previous day morning. Converted on the financial institution change fee except for taxes and fees, the arena gold rate is ready 72.five million VND/tael, approximately 4.forty eight million VND/tael decrease than the SJC gold rate sold.
World gold charges jumped greater than 1% for the duration of the session, attaining the very best stage withinside the beyond 2 weeks as new facts strengthened forecasts that the United States Federal Reserve (Fed) will lessen hobby fees in September. The marketplace is presently having a bet at the opportunity The opportunity of the Fed slicing hobby fees in September is 68%.
Last week, the variety of programs for US unemployment blessings elevated for the primary time. US provider enterprise hobby in June fell to a four-12 months low amid a pointy drop in orders. Experts say that that is a sign that the economic system is dropping momentum on the quit of the second one quarter.
At the maximum latest assembly in June, Fed officers admitted that the United States economic system became slowing down and "rate stress is easing". Investors are presently anticipating the non-farm payroll record to be launched this Friday to higher examine the opportunity of this company adjusting hobby fees.
XAUUSD Gold Technical Analysis and Trade Idea - Trading A Range👉🔍 XAUUSD is curently rangebound and we are looking for an opportunity into the London Open. Additionally, we cover essential topics such as trend analysis, market structure, price action, and other key aspects of technical analysis. Please remember, this video is for educational purposes only and does not constitute financial advice. 📊✅
Gold directed to the support. Will it hold up this time?Gold is forming a head and shoulders, and looks like it is headed towards the $2,290 support, will it bounce off it and get back up this time?
If it completes the structure we could see it pierce the support, and in that case having many areas to fill at the bottom, it could go down a lot.
In trading everything will be filled, there are many areas still open, please be careful to open long on the $2,290 support, check before the price rebounds solidly.
Gold trading strategy for July 2
#XAUUSD
Hello everyone, today is July 2, 2024. My analysis yesterday brought you huge profits. About 280pips
I think today's trading still needs to focus on the 2318-2322 range below and the 2340-2343 range above.
So trading within the range
1/Trading within the range of 2317-2343 can be scalped:
Buy 2313-2318 tp2327-2332
Sell 2336-2340 tp2332-2328
If any range in this range is broken, I think a new trend will be formed:
I will give you several buy and sell trading signals for your reference.
2/Trade outside the range 2317-2343
Buy 2302-2305 tp2311-2317-2322-2329
Sell 2349-2352 tp2345-2341-2333
I hope my analysis can help you win in trading. If you are interested in my analysis, please join me
Trading entries and why investors are flocking to precious metalAsian Session Gold Today is reacting above the 233x zone. With the Trend Rhythm in D1 nevertheless reporting a lower and the Short Frames are reporting an increase. So today`s buying and selling factor I will input in keeping with the vintage charge frames in keeping with help and resistance.
> For Shortwave, you could talk over with Buy Gold Around 2328>2330
SL 2325
TP 2336>234x
If Gold will increase however does now no longer destroy via the 2338>2340 zone, then Canh Sell Gold Always on this Zone
SL 2342
TP 2330>2326
Everyone can display and look ahead to transactions in keeping with the Plan I recommend. The marketplace has new developments. I will replace later
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Gold price forecast
General Director Marc Chandler of Bannockburn Global Forex analyzed that if the price of precious metals increases beyond the mark of 2,350 USD/ounce, it will continue to increase to 2,360 USD/ounce, even conquering the price of 2,400 USD/ounce.
Marc Chandler predicts that the French election and the US employment report are also one of the important driving forces to push investors to pour into precious metals.
David Morrison - senior market analyst at Trade Nation - said that after 2 months of consolidation, developments in the gold market are becoming increasingly attractive, especially when inflationary pressures ease. Morrison forecasts that gold prices will exceed $2,350/ounce in July.
Other analysts noted that gold is still in a strong uptrend as the price remains at the support level above 2,300 USD/ounce.
In this round, I choose to short gold!Gold rose to around 2340 last Friday and then fell back, which is exactly the 61.8% golden section of 2368-2293, so there is still relatively strong resistance above gold. At present, gold has rebounded to above 2330 again. Although it has destroyed the short-term downward momentum, the continuity is not strong and the rebound is not strong enough, exacerbating the gold shock.
In addition, it can be seen from the short-term structure that there are obvious signs of a head and shoulders top structure in the short-term structure, and the shoulder position is near 2331. Of course, even if gold rebounds strongly, the rebound high point last Friday limits the rebound space, so the upper space is obviously not large. Therefore, in short-term trading, I still tend to short gold at a high level! First pay attention to the resistance of 2335-2340 above, and first pay attention to the support of 2320-2315 below!
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. !
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result.
⭐️ Personal comments NOVA:
Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2312 - $2314 SL $2307
TP1: $2320
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2338
TP2: $2330
TP3: $2320
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold trading analysis on July 1
#XAUUSD
Hello everyone, today is July 1, 2024. Today is the first trading day of this month. I hope my analysis can bring you some trading profits:
I think today's trading is not difficult. We need to pay attention to the range of 2318-2322. And the range of 2340-2343.
1/Trading within the range can be scalped:
buy2318-2322 tp2327-2332
sell 2336-2340 tp2332-2328
If any of the ranges in this range is broken. I think a new trend will be formed:
I will give you several buy and sell trading signals for reference.
2/Trading outside the range
buy2303-2307 tp2311-2317-2322-2329
sell2349-2352 tp2345-2341-2333
If these price ranges are reached, I think it is very worthwhile to trade.
Of course, there will be non-agricultural and various news releases in the next few days. I will also actively update my thoughts and signals.