BREAK 2360, Gold price adjusted DOWN⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) experienced a significant drop of over 2% on Monday, marking its largest daily decline since June 13, 2022. This decrease was primarily attributed to diminishing concerns about a broader conflict in the Middle East, which led to a reduced demand for traditional safe-haven assets. Additionally, the non-yielding yellow metal was dragged down below $2,300 levels, reaching a two-week low during the Asian session on Tuesday, due to decreased expectations of interest rate cuts by the Federal Reserve (Fed).
As a result of this recent decline, the price of gold has now corrected by more than 5% from its all-time high reached earlier this month. However, it is expected that any further decline in the price will be limited, as there is speculation that major central banks will implement interest rate cuts later this year. In light of this, traders may choose to adopt a more cautious approach and refrain from making aggressive bets, opting instead to wait on the sidelines ahead of this week's significant macroeconomic releases in the United States. These releases will commence with the flash PMIs on Tuesday.
⭐️ Personal comments NOVA:
Gold price dropped sharply, BREAK through the $2360 area, entering a corrective wave around the $2300 area
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2285 - $2283 SL $2278
TP1: $2295
TP2: $2302
TP3: $2310
🔥SELL GOLD zone: $2325 - $2327 SL $2332
TP1: $2315
TP2: $2300
TP3: $2290
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Xauusdsell
GOLD: First Idea Turned Out to be in our favour| What next? Dear Traders,
Hope you are doing great, Gold declined from 2417$ mark and dropped significantly 600 pips on first day of the week. This implies that Gold is likely to make major correction before it rebound and continue the bullish trend. For us, we can enter now with accurate risk management and target 2300$ first and then our second target can be at $2280. The second entry is if Gold decide to retrace a bit as in Asian Session then possible area that it may reach up to and reject is 2371$.
Good Luck and Trade Safe
🥇Gold Analysis🥇(➡️RR=2.05)🔨 Gold seems to have managed to break the 🟢 Support zone($2,373-$2,360) 🟢.
📈In terms of Classical Technical Analysis , Gold has formed two Symmetrical Triangle and Rising Wedge Patterns . The lower line of these two patterns is common, and Gold has succeeded in breaking the lower line of the two patterns .
🌊According to the theory of Elliott waves , it seems that Gold has managed to complete wave 5 at $2,431.59 (All-Time High(ATH)) , and we should wait for corrective waves .
🔔I expect Gold to fall at least to the Uptrend line , the Support line , and the next 🟢 Support zone($2,328-$2,303) 🟢.
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XAUUSD
🔴Position: Short
✅Entry Point: $2368.237 (Limit Order)
⛔️Stop Loss: $2385.680
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 2.05
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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XAUUSD
🔴Position: Short
✅Entry Point: $2360.121(Limit Order)
⛔️Stop Loss: $2374.320
💰Take Profit:
🎯$2332.513👉Risk-To-Reward: 1.94
⚠️Please don't forget to follow capital management.
⚠️Please pay attention to the style of opening the position.
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Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Don’t chase short gold,the 2325-2320 area will become criticalHello everyone, first of all I would like to introduce myself, I am Caillan. First of all, I want to explain why my nickname is Hawkeye, because Hawkeye symbolizes strength, determination and speed, which means that we can accurately seize trading opportunities in the market,and persistence and courage will bring us profits and value.In fact, I am not a writer. I am a professional trader with 10 years of experience. I am good at short-term real-time trading of gold, oil, currency trading pairs, etc. I have at least 16 hours a day to observe market conditions, so I I will not over-exaggerate my words. Each of my articles will simply record my trading ideas and trading strategies. I also hope that my thoughts and experiences can give everyone some inspiration and thinking to a certain extent.
As far as the gold market is concerned, the short-term structure of gold continues to decline. Even if there are occasional partial rebounds during the decline, the rebound is not strong, so the trend still remains bearish. However, what is relatively cunning about gold is that the current market trend of gold seems to be bottom but not bottom, so it brings a certain degree of difficulty to our transactions.
From my personal point of view, the key to participating in short-term trading is to observe two points. First, the short-term support below is located in the 2325-2320 area. If gold does not fall below this area, you can try to consider going long gold in this area;Secondly, the upper side mainly focuses on the two resistance areas of 2346-2350 and 2358-2362. After gold touches this resistance area, you can consider 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: Swing Selling Opportunity 1000+ Pips, What's your views?Dear Traders,
Even after dollar demand increased, the dollar kept its bullish momentum. We now can see Gold dropping and making a major correction possible towards 2280$ and then 2250$. There are two entries to consider. Trade wisely.
For more like and comment.
Bright prospects, gold is set to interrupt outDuring final week`s buying and selling session, global gold at one factor multiplied to 2,402 USD/ounce because of issues approximately war withinside the Middle East. However, a few traders took benefit of promoting to take profits, forcing the gold fee to shut at 2,392 USD/ounce.
World gold charges had been pretty calm on account that Iran's navy assault on Israel withinside the center of final week. Gold fee best skyrocketed to 2,430 USD/ounce for a quick time after which stabilized at 2,390 USD/ounce.
However, in line with many experts, the April non-public intake index (PCE) introduced with the aid of using americaA on the stop of this month can be the issue inflicting gold charges to interrupt the contemporary stability.
Market analyst Everett Millman of Gainesville Coins stated that this month's purchaser index is probably to decline, inflicting americaA Federal Reserve (Fed) to devise to reduce hobby fees sooner. That expectation will assist gold charges surge sharply, probably growing with the aid of using a hundred USD/ounce.
Meanwhile, Asset Management Chairman Adrian Day stated that gold charges will flow sideways withinside the close to future, as latest financial information reviews make the marketplace more and more more assured that americaA Central Bank will keep to keep to keep hobby fees at from 5.25% to 5.5%.
Gold price dropped sharply on the first day of the week--NEWS--
During ultimate week`s buying and selling consultation, global gold at one factor extended to 2,402 USD/ounce because of issues approximately struggle withinside the Middle East. However, a few buyers took benefit of promoting to take profits, forcing the gold charge to shut at 2,392 USD/ounce.
World gold expenses were pretty calm considering the fact that Iran's navy assault on Israel withinside the center of ultimate week. Gold charge most effective skyrocketed to 2,430 USD/ounce for a brief time after which stabilized at 2,390 USD/ounce.
However, in keeping with many experts, the April non-public intake index (PCE) introduced via way of means of americaA on the give up of this month can be the aspect inflicting gold expenses to interrupt the present day stability.
Market analyst Everett Millman of Gainesville Coins stated that this month's customer index is probable to decline, inflicting americaA Federal Reserve (Fed) to plot to reduce hobby quotes sooner. That expectation will assist gold expenses surge sharply, likely growing via way of means of a hundred USD/ounce.
Meanwhile, Asset Management Chairman Adrian Day stated that gold expenses will flow sideways withinside the close to destiny, as latest financial facts reviews make the marketplace more and more more assured that americaA Central Bank will retain to retain to preserve hobby quotes at from five.25% to five.five%.
Another improvement affecting gold expenses withinside the close to destiny is the weakening of the USD. The DXY index closed ultimate week's consultation down 0.five points, right all the way down to 106.1 points, growing the attraction of gold to shoppers conserving different currencies.
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This morning, the Gold Opening Session is displaying symptoms and symptoms of a moderate decrease. In my opinion, Gold`s Main Trend remains up. Because Gold has been fluctuating for a long term lately, I will advise following the fashion at the H4 body today.
>Current Gold Pulse Canh Buy Around 2376>2380
>SL 2372
TP 2388>239x.
If GOLD falls beyond the 2370 place for the duration of latest Asia-Europe session, I will advise it further. Just observe this advice and evaluate the chart to decide the Trend
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Current GOLD If you damage beyond 2070, you may sell. Follow the fashion. At this rate, I see that Gold is having pretty difficult resistance tiers parallel to the strolling price. This plan is a Buy scalp Set the right SL as Recommended. If I actually have any greater information, I will update
XAUUSD Setup | H1 Time FrameXAUUSD Setup | H1 Time Frame
- This Setup indicates as Educational Purposes
- Supports level at 2374.00 - 2360.00 - 2333.8 - 2319.152
- Resistance level at 2397.00 - 2413.00
- Circles Indicate the consolidation area
- Grey Area Shown as Gold will be in that zone
Gold Retest the 2397.00 Area in this case if gold break that point we will further see on 2410-2413 points
Although if it rejects that point we will see them on 2374.00 then probably at ( 2360.00 , 2333.8 , 2319 ) and so on ..
Go long gold first, then consider going short goldDear friends, today due to the expansion and escalation of conflicts in the Middle East, market risk aversion has surged. Gold has been enthusiastically sought after as a safe haven asset. It took the 2400 position in one fell swoop and continued to rise to around 2417. Subsequently, Iran downplayed the tension many times. Gold turned downward and has now given up all its gains, with the lowest falling to around 2372.
The market has experienced ups and downs, and I estimate that many people have been hit hard by this wave of short-term market conditions, because when the market is at its most frenetic, it is also when most traders are least calm. Judging from the current situation, although gold has risen due to the news, it has indeed broken through the suppression of the recent high of 2395, and the pressure above has been released. When gold fell to the 2375-2370 area, its downward momentum further slowed down, and the 2375-2370 area still has certain support in the short term. And the risk aversion in the market still exists, so I think gold still has the conditions to rise.
Therefore, in terms of trading, I will first consider going long gold with 2375-2370 as the support area. When gold rebounds, I will backhand short gold. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
XAUUSD: sell 2404-2416
The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392.
If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top.
Friends who hold short orders should pay attention to the status of their accounts. If they cannot bear the risks caused by its rise, close them in time to avoid account loss.
Gold finally broke through the 2404 line, it is too strong
Gold prices surged above $2,400 an ounce as concerns about escalating tensions between Israel and Iran boosted safe-haven demand. Gold prices rose for a fifth straight week after unconfirmed media reports of explosions in Iran, Syria and Iraq. Rhetoric between Iran and Israel has intensified since last weekend's drone and missile attacks. Latest news According to ABC News, US officials said that an Israeli missile hit an Iranian facility.
Gold rose rapidly due to the news and finally broke through the 2404 line. There is still heavy pressure above the golden 4-hour chart. After the market's risk aversion ends, gold may fall back to a certain extent.
Gold’s safe haven ends, prepares for decline
Already made 18K profit, continue to short gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over $18K.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Be brave and short gold!Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again.
In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because gold has stopped at the 2395 area many times recently.Then the area has become a key resistance level, and the short-term resistance level is in the 2388-2390 area. Therefore, for this short-term rebound, I do not expect gold to break through the 2388-2390 area, and then it will continue to correct.
After all, after gold has fallen so much, it will not rebound all at once. It needs technical secondary confirmation of support before it can continue to rebound. Therefore, even if gold will continue to rise, before it rises, gold should still technically step back to confirm support. . In addition, the short-term head and shoulders pattern formed by the short-term level currently needs to be digested by the short sellers!
Therefore, in terms of short-term trading, I still tend to short gold. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold’s 3-game winning streak, how to trade today?
The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers.
Trading strategy; short around 2380, stop loss 2390, target 2370-2361
XAUUSD: Sell at 2404-2416
The 4h chart shows that bulls currently have the advantage, but on the 30M chart, it is currently in the resistance range of 2396-2404. If it cannot break through, it will fall back to the 2384-2373 range.
If the range support is effective, you can continue to go long and pay attention to the resistance of 2396-2404 again. If it breaks through, consider 2409-2416.
XAUUSD:Short, target 2358-2333
The 3h chart indicator has formed an obvious bear trend. In small-level trading, there is some rebound demand on the 30m chart, so the next focus is to focus on the resistance 2378-2383 during the rebound process.
If it cannot break through, the short forces will be concentrated again, and it will inevitably fall back to around 2333, so if you can seize this opportunity, it will bring you huge profits.
Profit of 11K, both long and short have profit potentialToday’s gold trading situation is as follows:
1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696
2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228
3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769
Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have once again continued our 9-game winning streak in recent gold transactions. This is a very good result.
For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it has repeatedly risen to 2400. So after failing to break through many times, whether it is due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time.
The correction is coming as soon as it comes, and the current lowest level of gold has fallen back to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even near 2350, which means it may replicate the short-term trend of April 16th,thus laying the foundation for short-term adjustment trend pattern.
Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to go long gold directly now, because once gold cannot recover its losses as soon as possible, gold may continue to fall. So before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will make a corresponding trading plan!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
GOLD-analyze
U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations that the Federal Reserve may delay a rate cut until September. In terms of the geopolitical situation, top Israeli military officials said on Monday that Israel would respond to Iran's weekend missile and drone attacks. Netanyahu convened a war cabinet meeting for the second time in less than 24 hours to weigh how to respond. Iran's first direct attack on Israel. Today we need to pay attention to the March new housing starts, building permits and industrial production data released by the US market.
As can see from the chart, gold fell rapidly from 2431 last week. Gold made some repairs yesterday, but it failed to break through important resistance points.
I give the above resistance points, you can sell
2380-2385,2400-2405
The market changes rapidly, and you need to pay attention at all times and control your positions reasonably.
By following me in trading, you can increase your success rate, reduce losses and increase profits.
World gold prices fluctuate at historic peaksGold last night had a strong increase again. As far as I can see, the candlestick area has reached 2398.
>Currently Gold has had a downward trend and is reacting at 238x.
>Today's trading plan I will recommend following Ma in H1.
>The entire Canh Buy Gold family around the area reacted to Ma H1. Around price 2372>2376
SL 2368
TP 2386>239x.
>Gold Which breaks through the reaction period in 3 MA frames. If the reduction is below 236x, I will update more. Current Price Everyone is waiting and Can Buy for Me
>GOOD LUCK MN ❤️❤️
-----------NEWS----
World gold spot fee stands round 2,382.eight USD/ounce, up 5.eight USD/ounce in comparison to ultimate night time. Gold futures fee for June 2024 at the Comex New York ground is at 2,399.three USD/ounce.
At eight:50 p.m. on April sixteen (Vietnam time), today`s spot gold fee on the arena marketplace is at 2,377 USD/ounce. Gold brought in June 2024 at the Comex New York ground is at 2,394 USD/ounce.
World gold fee at the night time of April sixteen is ready 15.2% higher (314 USD/ounce) in comparison to the stop of 2023. World gold fee transformed with the aid of using financial institution USD fee is at 73.three million VND/tael, which includes taxes and fees, approximately 10.four million VND/tael decrease than the home gold fee as of overdue afternoon on April sixteen.
World gold charges vary strongly withinside the context that charges are at historic peaks and the Middle East vicinity is unpredictable. Israel plans to reply to Iran's attack.
World gold spot rate stands spherical 2,382.8 USD/ounce, up 5.8 USD/ounce in evaluation to remaining night time time. Gold futures rate for June 2024 on the Comex New York floor is at 2,399.three USD/ounce.
At 8:50 p.m. on April 16 (Vietnam time), today`s spot gold rate at the area market is at 2,377 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,394 USD/ounce.
World gold rate on the night time time of April 16 is prepared 15.2% higher (314 USD/ounce) in evaluation to the forestall of 2023. World gold rate converted with the useful resource of the use of monetary group USD rate is at 73.3 million VND/ tael, which incorporates taxes and fees, about 10.4 million VND/tael lower than the house gold rate as of past due afternoon on April 16.
World gold fees range strongly withinside the context that fees are at anciental peaks and the Middle East location is unpredictable. Israel plans to reply to Iran`s attack.