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Xauusdsell

XAUUSD:CPI is coming, what should we do? two strategiesFirst, let’s take a look at the current situation of gold: At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and failed to break through new highs. Due to The rebound highs of gold are successively lower. If the rebound does not break new highs, you should be bearish on it. On the contrary, if it breaks new highs, you should adjust the direction in time and wait for opportunities to be bullish. Therefore, combined with the current market resistance and support, I give the following operational views for your reference! The soon-to-be-released CPI data is important data, and gold will fluctuate greatly by then. The short-selling strategy is that if the data does not break through to a new high after the data is released, then short gold in the range of 2365-2360, the high point, or you can set a limit order in advance. . If the CPI data exceeds expectations and directly breaks through the historical high, do not chase the rise and just look for the right buying opportunity. The above are all my thoughts for today, I wish you all good luck!
OANDA:XAUUSDShort
by Golden-Strategy-Master
The CPI value has a 55% chance of being negative for gold.Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday today, the market will focus on the March CPI data and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is very positive for the US dollar and negative for gold. The specific data performance will depend on the actual data release. According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long. But this possibility is relatively small, maintaining the strength of the Asian and European markets. Tuesday's low of 2338 has not broken, let alone testing 2328. Therefore, keep the support near 2338 for long positions during the day. Since the current price of gold is too high, don’t be overly optimistic even if it is bullish. If the upper level does not break through 2365, look at this target. After breaking through 2365, we will see the room for continued big gains. The US CPI data is the focus of the day. According to recent US data performance, it is more likely to be bullish for the US dollar and bearish for gold. If it is negative, focus on gains and losses at 2328 points. After breaking the level, gold will not be so strong.
OANDA:XAUUSDShort
by Transactions-never-fail
It seems like gold prices are on the rise.Firstly, let's focus on the EMA (Exponential Moving Average). While a simple MA (Moving Average) may react quickly to price changes, a shorter-term EMA is most suitable. It can help you capture trends rapidly and yield higher profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of EMA is that sometimes you may receive false signals during sideways movements, as EMA is too sensitive to price fluctuations. In such cases, the price is actually in an uptrend and lies above both the EMA and SMA (Simple Moving Average) lines.
OANDA:XAUUSD
by Midas_Calista
3
Navigating Gold's Volatility: Strategic InsightsWith gold hitting all-time highs, optimism runs high, but uncertainty prevails. Therefore, seizing every trading opportunity is crucial. If selling, await clear signals; avoid over-reliance on singular factors and manage risks carefully. Rapid market adjustments often lead to new highs. Currently, buying momentum appears strong. Focus on support near 2222 and resistance at 2217. A dip below 2217 may test 2200. Monday's market open will indicate whether it compensates for prior gains or opens lower, offering varied investor opportunities
OANDA:XAUUSD
by Midas_Calista
XAUUSD Forecast: Bullish Momentum Eyes Breakout Towards $2220In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220. In the short term, XAUUSD will continue to face challenges from psychological resistance levels. It is anticipated to retrace after reaching the upper limit of this upward channel. I predict that XAUUSD may undergo further adjustments around the support zone to accumulate potential before further growth. Reviewing the resistance level will indicate the coin's readiness to surpass this area and continue its upward movement. Prices are expected to surge towards the ultimate target of $2220, as forecasted.
OANDA:XAUUSD
by Midas_Calista
Already made profit of $11K, today’s profit target is $20KToday’s gold trading conditions are as follows: 1.Xauusd:@2358-2360 Sell, TP:2347 Profit: + $6618 2.Xauusd:@2364-2366 Sell, TP:2347 Profit: + $8615 3.Xauusd:@2338-2340 Sell, SL:2347 Loss: - $3973 The trading profit so far today is: $11,260. Gold hit a new high today, reaching a maximum of around 2,365. Gold still maintains a strong upward trend. But in actual trading, I will not easily chase gold above the 2360 position. Because gold is currently in a dangerous position, even if I am bullish on gold, I will not easily pursue long gold in my operation. On the contrary, I will continue to look for high positions to appropriately short gold. In fact, as long as you are careful, it is not difficult to find that during the strong rise of gold, gold will still sweep back and forth in a wide range in the short term. Although it will add a lot of difficulty to our transactions, it also shows that in fact, proper participation in short transactions can still make good profits. . Therefore, in order to prevent long positions from accelerating shipments and causing the market to fall, I will look for more suitable opportunities to short gold. At present, gold has rebounded to above the 2360 position again. I have tried to participate in shorting gold again. I hope that gold can fall back as scheduled and let us make more profits. 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.
OANDA:XAUUSDShort
by MagicTrader_Manuel
Golden Opportunity: Technical Analysis for Profitable Gold TradeTechnical Analysis Report: Gold (XAU/USD) Current Price: $2260 Entry: Long at current price Stop Loss: Near $2280 Take Profit 1 (TP-1): $2250 Take Profit 2 (TP-2): $2240 Analysis: Gold is exhibiting a robust adherence to a well-defined trendline channel, indicating a clear directional bias. The current price of $2260 offers an opportune entry point, aligning with the prevailing trend. To mitigate risk, a prudent stop loss is recommended near $2280, safeguarding against adverse price movements. Take Profit Levels: TP-1 is set at $2250, representing an initial target within the established trendline channel. TP-2 is positioned at $2240, offering a secondary profit-taking opportunity as the price continues its trajectory within the channel. Conclusion: Based on the technical analysis, a long position is advised at the current price of $2260, with a stop loss near $2280 and take profit targets set at $2250 and $2240 respectively. This analysis aligns with the ongoing trendline channel dynamics, presenting a favorable risk-reward opportunity for traders seeking to capitalize on gold's price movements.
TVC:GOLDShort
by trading_jupiter
Unraveling Gold Prices: Insights and AnalysisBy observing the Ichimoku indicator, traders can discern market price trends effectively. An upward trend is indicated when the price line is above the Ichimoku cloud. A downward trend is signaled when the price line is below the Ichimoku cloud. There is no clear trend when the price is within the Ichimoku cloud region. In some cases, traders may find the Ichimoku indicator effective when the market is in a certain trend. However, when the price breaks out, traders may struggle to find entry points that meet favorable risk-to-reward ratios.
OANDA:XAUUSD
by LiLy_Happy
Unlocking Gold: Strategies and Insights for TradersUsing Exponential Moving Averages (EMAs) can help identify trends earlier, but they may also produce more false signals. On the other hand, Simple Moving Averages (SMAs) react slower to price movements, which can help filter out unusual price fluctuations and false signals. However, their slower reaction may cause traders to miss out on some good entry opportunities. Moving Averages can be utilized to determine trends, entry points, and trend reversal signals. They can also function as dynamic support and resistance levels. A good practice is to use multiple Moving Averages on the same chart to capture short-term and long-term fluctuations. It's important to note that while using Moving Averages is relatively straightforward, finding the most suitable MA for your trading strategy is crucial. Therefore, it's essential to experiment with different MAs and select the one that aligns with your preferences. Some traders use MAs to identify trends, while others use them as support and resistance levels. Both approaches are valid, but remember to choose the method that best fits your trading plan. Experimenting with MAs is key to finding success in trading.
OANDA:XAUUSD
by MIA_MASTER
Market Awaits Key US Inflation Data Amidst Gold Price ProspectsThis week, markets are closely monitoring the release of significant US inflation data. The inflation figures are expected to provide further insights into the Federal Reserve's interest rate cut trajectory and could serve as the next catalyst for gold prices. The US Consumer Price Index (CPI) for March will be published on Wednesday. According to economists' surveys, the overall US CPI for March is predicted to rise by 0.3% compared to the previous month, slightly lower than February's 0.4%; while the US core CPI for March is expected to increase by 0.3% compared to the previous month. Gold Price Outlook XAUUSD On the daily chart, despite gold's correction from approaching the 1% Fibonacci extension level at $2,356, as highlighted in our weekly publication, it has found support from the 0.786% Fibonacci level and rallied back towards the $2,360level once again. A level tested multiple times implies the diminishing effect of that technical level. However, at present, the $2,360level still serves as the nearest notable resistance level. The primary trend of gold prices remains unchanged, with an upward trend indicated by all technical indicators. Expectations for a corrective decline should target short-term support around the $2,316 - $2,305 area, while protective positions should be placed behind the $2,360level. Throughout the day, the technical outlook for gold prices will be closely watched with the following price levels in focus.
OANDA:XAUUSD
by LuxeFX_Trading
XAUUSD:Gold Trading Strategies for Tuesday Gold is currently under pressure at the 2340-2344 first-line resistance. If it falls back, it will continue to observe the support near 2325-2318. If it can break through, there may be an opportunity to try the 2352-2362 high again. If it falls below the support, the 2313-2305 range will be considered. In terms of trading direction, I still prefer the idea of ​​high short orders. Because the gold market has been volatile recently, the trading range I gave is relatively large. Everyone should pay more attention to the orders they hold during the transaction. Once the market changes, deal with it in a timely manner and don't be too greedy.
FOREXCOM:XAUUSDShort
by Allen_Ex
Gold Prices Surge as Central Bank Buying Boosts DemandToday, the world gold price listed on Kitco stands at $2,340 per ounce, marking a $28 increase compared to yesterday morning. International Market Insights: Gold prices regain upward momentum, driven by central bank buying activity in Asia. A recent report reveals that the People's Bank of China added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year. Senior analyst Ricardo Evangelista from ActivTrades attributes the recent uptrend in gold prices over the past two months to increasing political instability concerns and speculation related to the timing of monetary policy easing by the Federal Reserve. According to the CME FedWatch tool, traders are currently pricing in a roughly 60% chance of a Fed rate cut in June. Conclusion: The upward trend of gold is expected to continue until the end of this year due to safe-haven demand amid economic recession fears and ongoing conflicts. However, a strong US dollar, rising bond yields, difficulty in Fed monetary policy easing, and lingering inflationary pressures may hinder gold's upward momentum in the near term. Technical Analysis: The Bollinger Bands are narrowing, and gold is gradually forming a minor correction after reaching new highs earlier in the session. There is a high likelihood that the uptrend will continue from the nearest support area. From a technical standpoint, the situation is complex as it is challenging to identify strong reversal zones while the price is trading in an uptrend. In such a scenario, attention should be paid to support levels to sustain growth, as well as local resistance areas for potential upward breakthroughs.
OANDA:XAUUSD
by Midas_Calista
Central Bank Buying Boosts Precious Metal Prices to Record HighsToday, precious metal prices soared to unprecedented levels due to strong central bank activity in Asia. According to a newly published report, the People's Bank of China alone added 160,000 ounces of gold to its reserves in March. In addition, countries such as Turkey, India, Kazakhstan and several other countries Eastern European countries also actively bought gold throughout the year, contributing to a sustainable upward trend in prices. Despite expectations for a potential change in interest rates, elevated gold demand is predicted to continue until the end of the year due to underlying supply constraints caused by concerns surrounding a recession. ongoing economic and geopolitical tensions. Gold's resurgence is just beginning, with Western retail investors likely to enter the market in the near term, further pushing the precious metal to new record levels.
OANDA:XAUUSD
by Rachel_FX
Profit 18K, sell first and then buy goldDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2338 position. Today’s transaction can be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a Not a bad result. Gold is currently trading near the 2338 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again. Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
OANDA:XAUUSDShort
by MagicTrader_Manuel
Already made 18K profit, continue to work towards better profitsDear friends, today after gold opened lower and fell back to the 2305-2300 area, it rebounded again and hit a new high near 2353. At present, gold has fallen back and remains near the 2330 position. Today's transaction can actually be roughly divided into two parts. First, we ended our short position in the 2305-2300 area and captured good short profits;Secondly, I went long on gold with the short-term support of the 2330-2320 area, but I have closed the long position again near the 2330 position. Although our profit in this transaction is not good, as long as we can continue to make profits in the transaction, it can be regarded as a not a bad result. Gold is currently trading near the 2336 position. Overall, gold is still in a strong upward trend, but for short-term fluctuations, I think gold may still continue to pull back in the short term. From the perspective of the form period,when gold is always below the 2340 position, then gold is likely to test the support in the 2315-2310 area again. Therefore, in terms of current trading, I may first short gold in small batches at an appropriate position, and then consider going long gold after gold pulls back to the target area of 2315-2310. 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.
OANDA:XAUUSDShort
by Trader_Manuel
XAUUSD:Trading ideas for next Monday Today's NFP data is bearish for gold. After a rapid decline, it rebounded and reached a new high near 2330. The 30m chart has already diverged, and there is a need for repair. Therefore, after the market opens next week, the idea is to go short first and observe the support in the 2318-2312 range. If it falls below, consider around 2305, followed by around 2286. Under normal circumstances, the Asian market will not fluctuate much, so the probability of falling to around 2286 is not high. Just observe around 2305.
FOREXCOM:XAUUSDShort
by Allen_Ex
XAUUSD:How should gold be traded at 2350? Under the influence of the news and people's concerns about the Federal Reserve's interest rate cut, gold rose crazily and reached the psychological level of 2350. At this position, it is impossible for me to conduct long transactions. I prefer to go short. Before it falls below 2300, my trading idea will remain high and short, and long orders will only be considered near the support. Although the current market can no longer be traded purely based on technical analysis, and 2350 is the psychological limit of many traders for gold, we cannot rule out that the market will go in the opposite direction. But it's a big risk, so I wouldn't do it. The trading philosophy I have always adhered to is to make profits while the risks are controllable. This is also one of the main reasons for my continued profitability. Therefore, at a position higher than 2348, I will continue to short in batches, targeting 2327-2296.
FOREXCOM:XAUUSDShort
by Allen_Ex
why 5% is a risk for the US over the next 10 yearsHistory indicates that once the Fed honestly cuts hobby charges for the primary time, marketplace hobby charges generally tend to transport barely higher (chart above). In fact, it is usually a sale due to the fact the preceding rumor has been believed. But sooner or later because the Fed endured to cut, the 10-12 months yield endured to fall and discovered a brand new bottom. In the present day cycle, we've got now no longer visible the splendid reduce in hobby prices 10 years after the peak (as a consequence puzzling Mars). This in part displays the relative scarcity of longer-adulthood Treasuries, a legacy of the Federal Reserve-led treasury buildup as a result of the pandemic (aleven though now decreasing). . This helped appear withinside the extraordinarily inverted 2/10-12 months curve on the time of the Fed peak. The 10-12 months yield remained underneath 4% because the finances charge hit 5.3%.
OANDA:XAUUSDShort
by MrTrongVo
Gold Analysis: Expert Financial InsightsIn the realm of finance, gold remains a steadfast asset, drawing attention from investors seeking stability and security. As a seasoned financial analyst, I offer fresh insights into the current state of the gold market. Gold's recent performance has been marked by fluctuations influenced by various factors, including economic data, geopolitical tensions, and monetary policy shifts. Understanding these dynamics is paramount for investors aiming to capitalize on opportunities within the gold market. In this analysis, we'll delve into key indicators and trends shaping gold's price action. From support and resistance levels to market sentiment and macroeconomic drivers, we'll provide a comprehensive overview of the factors driving gold's movements. Furthermore, we'll examine potential catalysts on the horizon and their implications for gold prices in the near term. Whether you're a seasoned gold trader or exploring investment opportunities, this analysis aims to equip you with actionable insights to navigate the complexities of the gold market effectively. Stay tuned for a deep dive into the gold market and expert perspectives on its future trajectory.
OANDA:XAUUSD
by MIA_MASTER