Profited $14K, short gold, and aiming at 2395-2390Today we have made very good profits in both long and short gold transactions. First of all, we went long gold near the 2412 position today. Gold successfully hit TP: 2423 during the short-term rebound;When gold hit resistance near the 2434 position, we then shorted gold near the 2432 position and once again successfully hit TP: 2420. In today's transaction, I made a total profit of more than $14K.We achieved better profits than yesterday and also continued our 16-game winning streak!
Gold has been on a roller coaster ride in recent days, with no continuation of the ups and downs. So it brings a certain degree of difficulty to our transactions. As far as the short term is concerned, I feel that without the stimulation of major good news, it will be difficult for gold to refresh the high of 2450 again, so 2450 is definitely the peak in the short term! In comparison, gold is currently in a relatively weak position. After all, gold has never been able to touch above 2440 during its recent rebound. Today it has not even been able to break through the 2430-2435 area, so the upward momentum has weakened.Relatively speaking, the short sellers are also slightly better.
Therefore, in terms of short-term trading, the top will first focus on the 2435-2440 resistance area. When gold rebounds to this resistance area and the upward momentum weakens, you can consider shorting gold. If gold falls below 2406, gold will completely open up the space below and fall further.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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
Will gold continue to break through 2450?
Daily chart:
Already reminded before: 2340+2290
Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising
Only if you keep rising will you have a chance to rise
It has stood above 2340 and started to rise slightly in the short term.
Stay above 2350--65, strengthen in the short term
Staying above 2385, it has risen by 2450
It initially remains above 2400, and the trend becomes stronger.
Stay above 2425 and see around 2460
Staying above 2450, there is a chance to continue to rise to 2450--2480-2550 in the short term
Stay below 2375--2410 and start short-term profit taking
Stay below 2335, strong in the short term
Stay below 2310 and turn into a weak decline
Gold rebounds strongly, should we chase long gold?Today we went long gold near the 2412 position and successfully hit TP: 2423. It was still a good trading profit. At present, gold has rebounded strongly to above 2430. The bulls have regained control of the situation. How much more can gold rise? Do we still want to continue chasing gold?
There may be many people who have this question, and many people have even chased long gold. In fact, relatively speaking, I think gold bulls have reached a certain stage now, and the probability of another violent rise should be low; and gold has formed long upper shadow lines many times during the rebound, so there is still a certain degree of resistance above.and the energy of the bulls has stagnated near 2430, so the short-term resistance faced by gold in the 2430-2435 area is still valid, and even if gold breaks through this area, I believe that with the current strength of the bulls, it will be difficult to break through the 2440 position.
So in terms of trading, I do not recommend chasing gold above 2430. On the contrary, we can consider shorting gold. Once gold falls below the 2405-2400 area, the space below will open further. Therefore, in the next transaction, we will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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. !
Focus on observing 2427 resistance
The price is close to the support and is currently rebounding after a decline. The focus today is to observe whether the support is effective and whether the small-level resistance can be broken.
Before that, trade around the 2400-2427 range. If the resistance cannot be broken through and falls below the support, then the short-term rise will be over, and the next prices to be considered will be 2378, 2352, and 2283.
💡 XAUUSD: Analysis May 20The short-term uptrend of Gold H1 has continued with the most recent strong price push up. The price behavior following the upper border to go up and establish a new high price peak reflects good price momentum. But currently H1 Gold has created a price bar completely outside the upper border, reflecting an overbought state that easily leads to a price pullback rather than continuing the upward price trend. The main trend of Gold H1 today is to wait to buy, but wait for the pullbacks to go down and then buy, not to chase above.
💡 H1 trend: Gold increases.
Today trading idea: Buy Gold.
GOLD exchange rate will decrease sharply.This morning, I noticed the GOLD Rate drop sharply. With this momentum, I see that the small candlestick margins have absolutely crossed the MA. If there may be some other robust promoting force, for my part GOLD have to fall deeply to 238x after which make new actions to recover.
>Today I will advocate 2-Way Waves.
>Currently you may wait to observe Sell Gold round 2416>2420
SL 2324
TP 2408>23xx.
Buy in step with Yesterday`s candlestick location round 2405>2408
SL 2403
TP 2412>242x.
Because of the cutting-edge Trend, I see that Gold is straightforward to fall further, so for the time being, anybody simply comply with the fashion to Sell and watch for a brand new response in step with Support Resistance or RSI earlier than Buying later.
GOOD LUCK MN ❤️❤️
Profited $12K, short gold after reboundToday we have made very good profits in both long and short gold transactions. First of all, we shorted gold today near the 2446 position. Gold successfully hit TP: 2430 during the short-term decline; after gold hit the 2407 position, it stopped falling and rebounded. We then went long gold near the 2410 position, and we manually closed the position above 2420 to make another profit. In today's transaction, I made a total profit of more than FWB:12K , which is considered a good trading result!
So is gold expected to continue to hit 2450 or even higher? In fact, as far as the short-term market is concerned, gold has continued to fall, and the signs of short-term peaking are relatively obvious. It is unlikely that it will hit a new high again in the short term.Gold has fallen from its highs and a large number of profit-making orders have been realized. Gold may even fall further. Next, we will first focus on the 2405-2400 support area. If gold falls below this area, gold will truly establish a top trend and continue its decline.
Therefore, in terms of subsequent transactions, if the market does not stabilize, do not go long gold easily. We will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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. !
Trading requires courage, short gold firstGold has been rising all the way to new highs. After gold hit a high near 2450, it encountered resistance and fell back. The strength of the rise has weakened. In the short-term trend, the top shock has obviously narrowed. In the short-term, it may re-choose its direction. Moreover, the technical level deviates from the technical indicators, and gold has a need for a correction. I don’t think it makes much sense to continue chasing gold at high levels now. Even if we want to be long gold, we have to wait for gold to pull back and stabilize.
Therefore, in terms of trading, do not easily chase gold at high levels. Gold continues to rise, and the energy of bulls needs to be released. So now it is either a quick adjustment to release, or a long period of sideways trading, exchanging time for space to release. So in terms of short-term trading, I prefer to short gold, and I have already done so.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability. Regret is meaningless.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. !
XAUUSD:Go long near support
Gold has reached a new all-time high, and the power of the bulls has not yet been completely exhausted. Usually, after a new high, there will be some resistance to the rise. However, judging from the current trend, if the support is effective, it is likely to reach a new high.
The difficulty of transactions will increase as volatility intensifies in the near future. During the transaction process, everyone should pay attention to controlling risks and avoid letting the account be blown. If you need help, please contact me in time.
💡 XAUUSD: Analysis May 17Gold decreased yesterday, creating a bearish pinbar on D1. This price action shows resistance around the old peak confluence + round number 2,400. Gold D1 chart structure shows that the price is moving sideways in an upward trend.
Gold is pulling back down, falling to retest the confluence zone + the downward sloping trend line. Because the upward price trend is still the dominant trend in this time frame and also in D1, H1 gold today can wait for the upward push to complete the 1-2-3 pattern to create a bottom before retesting to buy. In case the price is pulled back down deeper, you can wait to buy H1 Gold from the trend line confluence below.
💡H1 trend: Gold moves sideways.
Today trading idea: Buy gold.
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned towards making a bet on a direct hobby fee reduce.
Some individuals of the primary financial institution`s hobby-fee-placing committee stated the primary financial institution will want a lot greater convincing that inflation is easing past a moderate blip in April.
This shows buyers are beginning to provide a few desire for a fee reduce in September. The greenback and Treasury yields additionally recovered from in advance declines this week.
However, a few lower-than-predicted customer rate index figures positioned gold on a trajectory for a 0.7% weekly gain.
Gold falls as Fed officials downplay interest rate cutsThe yellow steel fell on Thursday after a sequence of Fed officers warned in opposition to putting a top class on an instantaneous hobby price reduce.
Some contributors of principal banks` hobby-price-putting panels stated principal banks could want to illustrate a lot extra that detectability become falling past the tepid emissions visible in April.
This shows buyers are beginning to present a few desire for a price reduce in September. The greenback and Treasury yields additionally recovered from in advance decelerations this week.
However, a few lower-than-anticipated client charge index facts become factored right into a 0.7% weekly gain.
Friday trading strategy analysis
#XAUUSD 2024.5.17
Did you have a profit yesterday on the buy order at 74/73 as planned? It's great to have a profit of 50-100 pips, right ^^
Today, the opening price of gold is below Pivot and POC so the direction is BEARISH. We will consider selling and target untested virgin POC at 2358-2352 (enter orders when there is a reversal candle at the key level).
Entry Sell: 2384 - 2389 - 2391
Target: 2358 - 2352
Note:
If there is no signal, do not trade
If you stop losing 3 times a day, you should rest
💡 XAUUSD: Analysis May 16Gold increased with bar D1 having a wider range than some recent price bars yesterday, showing good buying pressure during the day. The price was pushed out of the previous Inside bar model, creating upward price momentum. But now the price is approaching the resistance confluence + round number 2,400 so it may level off. D1 Gold chart structure is cumulative sideways in an overall uptrend.
The upward trend in price continued in H1 when the price created a new peak after yesterday's upward push. However, because D1 has approached the resistance confluence, it may stall at this time. The main trend for H1 Gold today is to wait to buy from the supports below, to catch price pullbacks, not to chase above.
💡H1 trend: Gold increases.
Today trading idea: Buy Gold.
XAUUSD- Short-term trend is downGold Today I suppose it's far very possibly that there might be every other decline. With this quick fashion and rate model, for my part Gold might be capable of lower barely to the 236x location after which growth again.
>Currently, I nonetheless Hold Buy Orders, however with the rhythm of today`s Asian and European Sessions, I will Sell Short in step with Ma withinside the Small Frame and Buy in step with the rebound waves of RSI and MA withinside the Large Frame.
>Please seek advice from Canh Sell Gold round 2381>2383
Sl 2385
City 2374>2366
Soup to Buy According to Big Trends and Reaction Around 2362>2366
SL 2360
TP 2374>238x
This is a advice from my very own attitude that every one buyers can seek advice from.
GOOD LUCK MN ❤️❤️
XAUUSD UPDATE......(Bearish)
Hey team Hope you are Enjoying our ideas and Analysis, Today we are monitoring XAUUSD for Bearish
XAUUSD (UPDATE)....
Short from Trendline 🔥🚀
Gold again To Retest the Resistance & Trend line of 2397-2402 But it is Strong key level so I think that there is a high Chance that we will see a Bearish Pullback and a move Down..
Will gold continue to hit new highs? Or a callback?
Gold continues to rise in Asian markets. Continuing to the London market. The current price of gold remains at 2261. Combined with the high point ahead, visual inspection shows a double top trend. This is not a good trading position at the moment. Focus on paying attention first. If it breaks through the previous high point and fails to stabilize later, you can sell gold at a high price.
💡 XAUUSD: Analysis May 15After a slow start to the week, gold prices recovered on Tuesday, reclaiming the $2,350 mark. If the upside gains accelerate in the coming trading sessions, the next technical hurdle lies near trendline resistance at $2,370. Removing this barrier could spur increased buying activity, setting the stage for a potential rally to $2,420 and even $2,430.
In the event of a bearish reversal and drop below $2,350, there is no significant support area nearby, suggesting that any downward movement could progress towards $2,280 - the relevant technical floor next on the map. Further losses below this point could give way to a drop to $2,260, a key area corresponding to the 38.2% Fibonacci level of the 2024 rally.
XAUUSD has now increased to 239x.GOLD has now accelerated to 239x. With this Trend, it's miles very feasible that Gold will growth through 24xx withinside the quick term, all and sundry. If everybody has been following current movies or comments, from these days I advocate and percentage with all and sundry the Perspective of Buying GOLD from the location 2306>2308.
>Today I`m nevertheless following the uptrend, however I'm additionally going to promote on small beats and comply with Rsi too. Buy on huge frames.
>With Current Price, You Can Buy GOLD Around 2383>2386
SL 2380
TP 2396>24xx
>Certainly Today Gold can even have mild reversals while reacting to Rsi being overbought. When selling, you must simply attempt to promote. Surf from 3>four prices, then take a look at the candles with MA and change in keeping with an appropriate trend.
GOOD LUCK MN ❤️❤️
XAUUSD:A double top may form
Gold focuses on observing the support near 2358. If it falls below, there is a high probability that a double top pattern will appear, and the price will return to the 2347-2333 range again. When it cannot break the 2347-2353 resistance, the next space will be the 2318-2307 range.
Investors are ready for tonight's CPI dataGold prices fell amid falling US government bond yields and a strong USD. The 10-year US government bond achieved a yield of 4.4% and decreased nearly 4 basis points compared to the opening level. The USD index (DXY), which tracks the movement of the USD against 6 other currencies, is currently down 0.03% to 105.00 and is struggling here.
The US Bureau of Labor Statistics (BLS) reported that the PPI Index increased 0.5% over the previous month, surpassing the forecast for a 0.3% increase. Similarly, the core PPI index, excluding food and energy prices, also increased by 0.5%, exceeding the expected level of 0.2%. Both figures were significantly higher than the 0.1% decline in March in both global and core inflation, indicating a jump in producer prices.
April CPI is expected to remain unchanged compared to March at 0.4% month-on-month. Core CPI is expected to continue its downward trend from 0.4% in March to 0.3% month-on-month.
Other data will be released during the week, led by Retail Sales on May 15, Initial Jobless Claims and Industrial Production on May 16.
The Fed released its monthly consumer expectations survey on Monday, showing inflation expectations for the year rising to 3.3% from 3% in March. The data came after a sentiment poll. University of Michigan consumer survey shows one-year inflation expectations rising from 3.2% to 3.5%.
Forecasts for an interest rate cut by the end of the year remain at 35 basis points, according to data provided by Chicago's CBOT exchange.