NFP fails to meet expectations, will gold fall?Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market fell short of expectations. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2300.
Will gold continue to fall? To be honest, I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high of 2305-2310 area, and the bearish structure on the hourly chart still needs to be digested at the technical level. The current news and technical resonance are negative for gold, so even if gold rebounds partially and even touches the 2305 area again, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
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.
Xauusdtrade
NF - Gold price continues to trend UP ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Traders may wait for more information about the Fed's interest rate-cut plans before making bets on the non-yielding Gold price. They will be closely watching the release of the US monthly employment details, known as the Nonfarm Payrolls (NFP) report, later in the North American session. If there is any disappointment, it could indicate a weakening labor market and increase the likelihood of a June Fed rate cut. This could lead to more selling of USD and support for gold.
⭐️ Personal comments NOVA:
Gold price is having a DOWN correction below the $2280 area. However, the UP trend is still the dominant trend, many opportunities for Gold to continue to create new peaks
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2260 - $2258 SL $2253
TP1: $2275
TP2: $2290
TP3: $2308
🔥SELL GOLD zone: $2308 - $2310 SL $2315
TP1: $2300
TP2: $2290
TP3: $2280
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Already earned 10K, target to earn another 10K todayToday’s gold trading situation is as follows:
1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$564
2.Xauusd: @2295-2300 Sell, TP:2291 Profit: +$ 9318
Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to make a little progress every day.
If you read my last article, you should know that I still hold a long position in gold in the 2285-2287 area. In fact, according to the current gold trend, if gold has tested the support near 2285 many times and confirmed that the support is effective, then gold will rise again to 2300 points or even higher. At present, gold buying support is strong. In the absence of major bad news, gold will not easily change its trend for the time being. Then gold will maintain a complete long pattern, so this is why I can always hold a long position in gold. If gold tests the 2285 area support again during its decline, it will still be an opportunity to go long gold.
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.
Opportunities to go long appear againDear friends, gold has pulled back to the 2288-2286 area as expected. First of all, congratulations to everyone. Our short position finally touched our target position, TP: 2288. At present, gold is under pressure to adjust downward after hitting the highest position of 2305. So where will gold fall?
According to the current gold trend, gold is currently setting new highs every day, and there is no obvious peaking signal. Therefore, even if gold experiences a short-term correction, do not imagine that it will turn into a downward trend.
We can currently find that gold is currently supported at 2285 and 2275. If nothing unexpected happens, I think gold will most likely rebound at these two positions. If gold pulls back to around 2285 and stabilizes, then there is a high probability that it will break through 2300, or even touch around 2320. If gold pulls back directly to 2275, then the strength of the counterattack may not be so strong. The probability will continue to be maintained in the 2310-2290 area.
So in terms of trading, next I suggest that you enter the market in batches to do long gold around the two positions of 2285 and 2275. 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.
Already made more than 5K profit and continue to make profitsToday’s gold trading conditions are as follows:
1.Xauusd:@2178-2180 Sell, TP:2277 Profit: +$130
2.Xauusd:@2174-2176 Sell, SL:2277 Loss: -$1055
3.Xauusd:@2184-2186 Sell, TP:2277 Profit: +$1995
4.Xauusd:@2273-2275 Sell, TP:2268 Profit: +$2150
5.Xauusd:@2168-2166 Buy, TP:2273 Profit: +$2720
There was not much profit in gold trading today, only a profit of $5900 was made. Because ADP data will intensify short-term fluctuations in the gold market, for the safety of account funds, I basically set a very small TP, which limits my profits to a certain extent. But my trading principle is that the most important prerequisite is to protect the safety of the account principal, and the second is to strive for profits.
We can see from the current gold trend that gold fell back again and tested support under the negative influence of ADP data. In the process, it did not fall below the 2265 position, so testing the short-term 2265-2260 area support is effective. Moreover, as gold fell back, funds waiting for long positions on the sidelines gradually entered the market, providing important support for pushing up gold prices.
According to the current gold trend and market sentiment, gold still maintains a complete upward trend, and if gold's correction is discontinuous, gold will continue its upward trend. For now, I think gold will also test the 2290-2300 area. So in terms of trading, we can first consider going long gold after waiting for gold to fall back, first focusing on the support of the 2268-2266 area below; secondly, when gold touches the 2290-2300 area again, we can try to short gold again!
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.
Dollar and gold rose in tandem as Fed rate cut bets eased againHopes for an early Fed price reduce had been dashed once more on Monday after upbeat records became launched from the US. The ISM production PMI rose greater than predicted in March, mountain climbing above 50 into enlargement territory for the primary time considering September 2022. Furthermore, the fees paid index additionally rose, accomplishing its maximum stage considering September 7, 2022, in a brand new signal that inflationary pressures are not there. absolutely disappeared.
The robust PMI comes warm at the heels of Friday`s tame center PCE print and Fed Chairman Powell's hawkish comments. While CPI and PCE records preserve to aid the view that inflation usual stays on a downward trajectory, albeit an an increasing number of shallow one, different signs underscore the Fed's warning approximately the outlook price.
Then the price reduce in early June started to appearance doubtful, and the percentages of a 25 foundation factor Fed price reduce fell to approximately 60%. More importantly, buyers are actually pricing in a smaller reduce for all of 2024 than what the contemporary FOMC dot plot projected only a few weeks ago.
GOLD - BUY SIGNALProspects remain positive as investors bet on lower global interest rates, perhaps look for diversification opportunities away from elevated stocks or, in the case of central banks, continue to reduce exposure to the USD (net central bank gold purchases have grown strongly in the past two years, reports indicate).
Broadly, history suggests higher Gold prices are usually associated with a softer tone in the USD so Gold strength and a firm USD look a little odd; something may have to give.
Guys, what do you think? Leave a comment with your thoughts.
XAUUSD: Profit of 60 points today
Today, gold opened higher, the highest hit near 2265, after the release of the United States March ISM manufacturing PMI, more dollar, bearish gold, gold once reversed today's gains fell to near 2228, the first price near 2240.
Today, the operation of the last order gained 100 points, an order stop loss of 40 points, the overall profit is still profitable, the current 0.618 Fibonacci series is near 2252, we can sell light positions near 2252, stop loss of 50 points.
If you have a problem in trading, trust me, I will help you out!
Continue to short gold below the 2258 positionDear friends, gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and rebounded slightly again. As of now, gold is trading near 2251.According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's 2256-2258 area will be a very critical position. If gold cannot break through this area during the local rebound, then gold will still need to continue its correction.
So in terms of short-term trading, I will try to short gold in small batches in the 2253-2258 area. If gold can build a local double-top structure, the demand for a gold correction will be clearer; on the other hand, when gold is near and above 2260 , I personally will avoid chasing long gold, and I will still look for suitable opportunities to short gold to avoid funds being trapped at high levels.
So relatively speaking, when others were extremely crazy about chasing gold, I changed the trend and began to insist on shorting gold at high levels; I share detailed trading ideas and trading strategies every day, hoping to help all followers to be successful in the market. Keep making profits! 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.
Short gold first, then plan to go long goldDear friends, gold has repeatedly broken new highs and hit the 2265 line. At present, gold still maintains a strong unilateral upward trend. However, as far as current trading is concerned, I do not advocate continuing to cash long gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators.
So I have clearly informed everyone that we can try to short gold in the 2163-2165 area in small batches (the specific content of the trading signals is in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we will still follow the gold trend and be long gold. In this way, we can grasp the profits of both long and short sides,
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.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
Profited 28K from gold trading, continue to participate in gold Dear friends, today is a day of relatively high volatility for gold. After gold rose from around 2170 and hit around 2200, it fell back again during the US trading session. So far, it has fallen back to its lowest level near 2171. The total room for rise and fall is 60 US dollars. How much profit did you capture from it?
In today's transaction, I successfully captured a profit of more than 43 points. I made a total profit of more than 28K in gold trading today. I think this is a relatively good result! So how should we participate in gold trading next? From a graphic point of view, we can find that the current bottom trend line support of gold is in the 2165-2160 area, while the short-term support is in the 2172-2168 area, so gold may rebound again after touching these two areas.
So relatively speaking, in gold trading, we can first go long gold based on the short-term support area, and the target can be towards 2185 and 2195. Of course, after gold rebounds to these two target positions, we can also consider shorting gold in this position area.
There are many options for trading now, so you can still make a lot of profits from it. 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.
Boldly short gold and wait to count the moneyDear friends, gold has risen rapidly in the short term, once soaring to around 2200. I believe many people in the market have gone crazy. Such a large increase in the short term is indeed beyond my expectations, but after the market madness, you need to calm down.I think this is a market washout for investors.The 2222 position is still an elusive position, so I think gold's current rebound is mainly around the 2200 integer mark, so I think this position area is an excellent location to place gold short orders.
So judging from the current trend, although gold's short-term rebound to the 2200 mark looks very strong, I think it is more of a market washout. Therefore, in the face of this extreme market, we must be careful and at the same time be good at seizing trading opportunities. Because the profits obtained in this kind of opportunity will be much better than usual.
Therefore, according to the current trend pattern, we should not easily chase long gold for the time being. On the contrary, we should be good at exploring opportunities and participate in short-term short gold trading. 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.
Gold fell back after rising high, short gold with eyes closedDear friends, gold was affected by geopolitical conflicts. Gold once soared to around 2200, which can be described as a desperate counterattack by the bulls. To be honest, the bulls and bears have been in a weak retracement situation recently, and the market is still slightly better than the bears. At present, gold continues to form a counter-draw situation, which I think is a washout move by the market against investors. The 2222 position is still an elusive position, so I think gold's current rebound is mainly around the 2200 integer mark, so I think this position area is an excellent location to place gold short orders.
So judging from the current trend, although gold rebounded to the 2200 mark again with the help of market news, I think it is more of a washout in the market. Therefore, in the face of this extreme market, we must be careful and at the same time be good at seizing trading opportunities. Because the profits obtained in this kind of opportunity will be much better than usual.
So at present, I am very much looking forward to the trend of gold rising and then falling back. Currently, I have participated in short gold trading. Of course, at the right price, you can also consider participating in short gold trading. 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 charges extrade little; Copper additionally dropped sharplyGold awaits PCE information - the Fed`s desired inflation measure - due out this Friday. This information is broadly anticipated to persuade the Fed's outlook on hobby quotes.
Gold is anticipated to stand a few resistance withinside the close to term, in particular if difficult inflation information indicates the Fed's plans to reduce hobby quotes this yr can be delayed. Last week, the crucial financial institution signaled that it plans to reduce hobby quotes through seventy five foundation factors through 2024, despite the fact that this stays depending on inflation.
Comments from pinnacle Fed officials—such as Chairman Jerome Powell and FOMC member Mary Daly—can also be to be had later this week.
Any sign of better hobby quotes for longer may want to stress metals markets.
Other valuable metals misplaced floor on Tuesday. Platinum futures fell 0.2% to $914.60 an ounce, whilst silver futures fell 0.4% to $24.802 an ounce.
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Must check before the US market opens. Otherwise you will regret
Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion.
After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price.
Additional operating instructions at the bottom.
Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3.
Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY
Gold Price Trading: Sell at 2171-2179
tp2157-2160
sl2186
Transactions are risky, so please be cautious!
The target price for gold is around 2179-2182Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion
At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news.
I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
Gold Monday operating trend analysis
#XAUUSD
After gold rose to 2222, it continued to fall. The current downward trend continues to rise. The Asian market moved up along the channel to around 2178 and then fell along the channel. It is still in the channel range.
1/The war between Russia and Ukraine escalated over the weekend. 2/Gold fundamentals, sentiment eases with interest rate decision.
technical level. Gold focuses on the price reaction of 2157.
2177-2179 above the channel. 2150-2153 below
So today I will still observe gold in the price channel range. If there is a price trend that breaks the channel, I will re-analyze it.
I update my channel almost every day. If you are interested in my analysis, you can like me and join my channel. Thanks
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
Gold has a 10-game winning streak, continue to be short on goldDear friends, gold is currently in a volatile correction. The lowest point of gold has been corrected to around 2162, and compared with the highest point near 2222, it has corrected 60 US dollars. So will gold continue to fall?
In fact, according to the current trend pattern of gold, gold is most likely to continue its shock adjustment and not fall all at once. Because during the decline of gold, gold rebounded to around 2186 again after pulling back to around 2162, which has recovered the $20 drop. This will also increase the voice of buying gold on dips in the subsequent market. And this just proves that although gold is currently in a correction trend, gold bulls still have the ability to resist!
Therefore, we must be careful in trading, especially in controlling the transaction price, otherwise we will easily lose money in the transaction. As for the trading rhythm, do you tend to be short gold or long gold? As for me, I personally prefer to short gold at high levels. The first is that the US dollar is relatively strong, which limits the room for gold to rise; the second is that gold currently has a need for a correction after a sharp rise, and gold currently faces resistance in the 2175-2180 area in the short term.If gold cannot strongly break through the resistance in this area again, then gold will continue to correct.
Therefore, in terms of trading, I personally prefer to short gold based on the resistance in the 2175-2180 area. 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.