Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Xauusdsignals
XAUUSD: Last Idea Gave Us 940+ Pips, What about Next?Dear Traders,
Hope you are doing well, our last entry moved well and better than what we had expected, due to that reason mainly and how price have moved and its behaviour gave us indication of bullish continuous dominance that will take price upwards of 2790$ region one more time before it reverse. Remember our bias will change depending on how price moves so if you see a different bias do not be shocked or confused. Please refer to the time when the chart was published.
Good luck.
#XAUUSD: Possible clear move happening next weekGold has been trading sideways with no clear view of the market, making it difficult to trade swing or even intraday, we wanted to share our view early, however, since the price is not clear yet. We waited until today, now we can see price either can move up without taking out sell side liquidity or might take out the sell side liquidity and then moves upwards. Good luck.
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD Gold Trade Idea👀👉 XAUUSD Gold has rallied, evidenced by this break in market structure on the four-hour timeframe. I’m monitoring for a potential buying opportunity on a retracement, as outlined on the chart. Please remember, my analyses are purely educational and should not be considered financial advice. 📉✅
Continue to buy goldAs I mentioned in my last article, gold will continue to rise. We went long on gold near 2662 in the last transaction and closed the transaction by hitting TP: 2676 for profit, easily earning 140 Pips, a very successful transaction!
At present, gold has risen to a maximum of around 2679, breaking yesterday's high in one fell swoop. The hourly level M top suppression has been ineffective, and the rising pattern remains intact. At present, gold still has the momentum and space to continue rising, so gold may still rise or even try to touch around 2690. , then we can just follow the trend and go long gold in trading.
Of course, we can't chase gold directly, but because gold has a small retracement space during the rise, we can't expect too much retracement before going long on gold, and the short-term support area has moved up to the 2670-2660 area, so we can go long on gold based on this support area.
Bros, do you continue to be bullish on gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Ready to go long on goldGood morning, bros! Let's re-examine the gold market together!
Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure;
However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area.
So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations.
So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price.
On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back.
Bros, have you also shorted gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
First short gold, then go long gold!Bros, this week's new trading journey begins from now!
Gold rebounded again under the support of safe-haven buying, and now it has reached around 2658. To be honest, gold is currently in a relatively obvious upward arrangement, and there is still room for gold to continue to rise.
However, overall, gold has not yet escaped the scope of shocks, so it is not good to directly chase gold near 2658, and the current strength of gold's rise is not firm. Gold needs to fall back to increase the liquidity of gold bulls, so we might as well consider trying to short gold with 2660-2670 as resistance, and wait for gold to fall back to the appropriate area before participating in long gold!
Bros, let's try to short gold first, and then wait patiently for gold to fall back before re-participating in long gold!If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD consolidating awaiting the bullish break-out.Gold (XAUUSD) has been trading within a Channel Up pattern, with its most recent Higher Low being priced on the 1D MA100 (green trend-line). Since November 25, it has been stuck in range within the 1D MA100 and the 1D MA50 (blue trend-line).
As pre the RSI, this is a consolidation before the bullish break-out that will confirm the new Bullish Leg. A similar RSI consolidation around its MA trend-line was last seen during Gold's last Higher Low formation (June 07 - 27).
The break-outs Target was Resistance 1, so that is our Target again (2790). If however for any reason the price closes a 1D candle below the 1D MA100, we will be quick to take the small loss and on the counter go short, targeting the 1D MA200 (orange trend-line) at 2500.
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GOLD (XAUUSD): Deep Consolidation & Your Trading Plan
Gold is trading in sideways range for more than 2 trading weeks already.
The recent high impact fundamental releases, did not manage to violate
its weakness.
Next week, pay attention to the reaction of the price to the support
and resistance of the underlined range.
If the price breaks and closes below 2605, it will open a potential
for a further bearish continuation to 2565.
Bullish breakout of the resistance of the range and a daily candle close above
2666 will confirm the strength of the buyers. The up movement will be expected
at least to 2715.
The absence of strong fundamental triggers will continue the consolidation.
Alternatively, you can trade the market within the range, buying from its support
and selling from its resistance.
❤️Please, support my work with like, thank you!❤️
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise;
From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area.
So, today’s NFP market trading strategy:
1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned;
2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold;
Bros, are you ready to participate in the NFP market? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;
But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.
Trading strategy:
1. Short gold with 2630-2635 area as resistance;
2. Try to long gold with 2610-2600 area as support (only try once)
3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area
Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD GOLD Scalp / Day Trade Idea👀 👉 In this video, we analyze the 4-hour chart, highlighting a clear break of structure with evident lower lows and lower highs. While my bias leans toward a short opportunity, we explore both scenarios: a potential long opportunity if the price breaks upward, and a possible short opportunity if it breaks downward. As always, this is not financial advice. 📈
Long Gold AgainWe just bought gold near 2632, and then gold rebounded above 2643. I just closed our long position near 2642 and easily earned 100 pips.
At present, gold has fallen back to around 2626. Although we just missed the opportunity to short gold, when gold falls back, as long as gold does not fall below the 2625 line, I think the gold fall is still an opportunity to go long on gold, so I just went long on gold again near 2628. I think we should be able to make at least another 100 pips profit. Anyway, wish us good luck!
Bros, have you gone long on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
The bulls are not completely defeated, go long gold!Brothers, gold has fallen sharply to around 2635 in the short term, which seems to have broken the recent range of fluctuations. So are the bears really coming? Have the bulls completely failed in the struggle between the long and short sides?
Although gold seems to be falling rapidly in the short term, the bulls still have a certain degree of resistance and will not be completely defeated immediately. I have just reminded that it is difficult for gold to have a sustainable market before the NFP market. So the short-term decline of gold is probably a fake move to trap more short positions of short gold at low levels. So I think before gold falls below the 2630-2625 area, we must be particularly careful about the counterattack of bullish energy, and we cannot blindly chase short gold.
So in terms of trading, we can try to go long on gold in batches in the 2635-2625 area. Wish us good luck!Bros, will you follow me to do more gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity.
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Waiting for opportunities to continue shorting goldBros, gold is still operating within the oscillating range of 2630-2655, and has not made any breakthrough moves. Gold is currently trading around the mid-range position of 2641. Currently, gold is trading around the mid-waist position of 2641. To be honest, the mid-waist position is not very easy to participate in trading, because gold has room for fluctuations up and down, at least it is not easy to set SL in the execution of transactions, so we can still wait patiently for trading opportunities.
From the perspective of gold structure, gold is still relatively weak, so I still prefer to short gold in trading, so if gold can rebound to the 2650-2655 area, I will continue to try to short gold.
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Next, how to grasp gold trading and make money!Bros, today I shorted gold near 2650 according to the trading plan. Although gold once rose to around 2655 during the period, as gold fell sharply to around 2635 in the short term, it was obvious that our short position was closed by hitting TP: 2637. In this short transaction, I made a profit of more than $6K, which is a good trading result.
From the current gold structure, gold closed above 2630 many times during the decline. It can be clearly seen that a certain amount of buying support has accumulated in the 2635-2630 area; but in the absence of rebound strength, if gold cannot effectively break through the 2655-2665 area, gold is still in a relatively weak position.
Therefore, in terms of short-term trading, if gold cannot break through the 2655-2665 area, we can still continue to short gold based on this resistance area; but what we must be careful about when executing transactions is that once gold strongly breaks through the 2655-2665 resistance area, Gold may also continue to rebound to the 2670-2680 area.
Bros, do you know how to correctly grasp the rhythm of gold trading? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Seize the opportunity to continue shorting goldBros, gold fell as expected and touched the short-term support area of 2635-2630, and then rebounded again. Currently, gold is running around 2639.
At present, gold is repeatedly bullish and bearish in the short term, and neither the rise nor the fall is sustained. The overall market can be classified as a volatile market. However, from the perspective of the strength of gold's rebound, gold is relatively weak, and it has never effectively broken through 2650 during the rebound. So in short-term trading, we still focus on shorting gold after the rebound.
Then the area we focus on first is the 2645-2650 area, followed by the 2660-2665 area. As long as gold remains below 2660, I think the short energy is still slightly better, so at the right time, we can short gold with the 2645-2650 and 2660-2665 resistance areas.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD Still a great long-term buy opportunity targeting +$3000Gold (XAUUSD) has been following our Bull Cycle projection since 4 months back (August 05, see chart below) having risen an incredible +15%, from 2424 to almost 2800:
As you can see by the chart we constructed back then, despite the recent correction in November, the yellow metal is still a buy opportunity as this was only a technical pull-back based on our Bear - Bull Cycle model.
We have first come up with this technical pattern on April 04 2024 and the basis was the similarities (so far) of the July 2016 - August 2020 Bear-to-Bull Cycle with the Bear Cycle that followed the August 2020 Top and so far the current Bull Cycle.
As you can see, once the 1W MA50 (blue trend-line) turned to a Support at the end of the Bear Cycle, it held up until the Bull Cycle's Top and every pull-back was a buy opportunity. More specifically, the current November correction looks very similar to the COVID flash crash on March 2020 that touched the 1W MA50 and immediately rebounded.
The key pattern here lies on the 1W RSI. As you see, once that broke above the 70.00 overbought barrier, while Gold was on the Bull Cycle's Channel Up, it started to decline inside a Channel Down. That technical Bearish Divergence (RSI Channel Down against Gold's Channel Up) affected the price on the 3rd top (Lower High), which was the Cycle's peak.
Right now it appears that the 1W RSI has (or is near) bottomed and is staring that final Bullish Leg to the Lower High that will form Gold's new Bull Cycle Top. Technically this should be after April 2025 and if it is formed again upon the completion of a +85.42% rally from the Bear Cycle's first bottom and at most the 3.0 Fibonacci extension, then we are still expecting a $3100 target.
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