XAUUSD SELL PROJECTION|DOGI+BEARISH SPINNING TOP 11.02.24Reason Behind Sell
1. Bearish Spinniing Top formed on Last Week Candle
2. Bearish Dogi Which makes short term Reveral of Uptrend
3. Double Top Formed and fibo Golden Ratio
4. Bearish Symmetrical Triangle Formed and breakout expected @ 2015
Overall Possible Outcomes
XAUUSD SELL @ 2030
TP 1 2016
TP2 2000
TP3 1980
SL 2053
Xauusdtrade
XAUUSD TO 2045 AND THEN GO DOWN the price movement of FOREXCOM:XAUUSD requires a comprehensive understanding of various factors that influence the market. While it is challenging to predict future price movements with absolute certainty, we can analyze historical data and market trends to provide some insights.
On a Monday, the price of XAUUSD may experience some volatility due to the market's reaction to the weekend news and events. However, it is important to note that the price range of 25-35 is relatively narrow for , and it is unlikely to stay within this range for an extended period.
As for the upward movement, gold is often considered a safe-haven asset during times of economic uncertainty or market turbulence. If there are significant global events or economic indicators that trigger such conditions, it could lead to an increase in demand for gold, potentially driving the price of FOREXCOM:XAUUSD higher.
However, predicting the exact price level of 2045 for XAUUSD is challenging without considering the timeframe. It is crucial to analyze the market conditions, technical indicators, and investor sentiment to determine the likelihood of the price reaching this level.
Additionally, the mention of a support line suggests the use of technical analysis. Technical indicators such as trendlines, moving averages, and support/resistance levels can provide valuable insights into potential price movements. It is advisable to consult with a professional trader or utilize technical analysis tools to identify and confirm the support line.
In conclusion, while it is difficult to provide a definitive answer regarding the price movement of XAUUSD , analyzing historical data, market trends, and technical indicators can help form a more informed perspective. It is essential to consider multiple factors and consult with experts before making any trading decisions.
Clear bullish gold moves for this week incomingI have published my ideas for a bullish uptrend for XAUUSD this week
1. Chart shows a clear uptrend and certain support zones have been respected
2. Overall outlook looks bullish and this trade is in my eyeliner for this week
3. Three clear Tp's to work from and if we break TP3 I see a clear run to the 2080 area again
4. Will keep an eye on international scenarios & news to see if anything plans into our bias
Good luck all and I hope the charts are kind to you this week
Xauusd trend analysis for next week
I think it's hard to predict gold prices next week. However, I propose the following two scenarios for gold prices:
Analyzing the H4 timeframe, I found:
Important key levels for next week are: 2035-2039 (bold areas)
1/ If this Keyleve area still holds the price, I think the price of gold will continue to rise and will rise to the starting point of the last wave of downtrend, which is this area: 2076-2079 (white arrow)
2/If this Keyleve area is broken, the gold price may fall to the starting point of the previous wave of rise, that is, this area: 2016-2019.
There will be very important CPI news next Thursday, which may determine the trend of gold prices. I will update every working day with any in-depth analysis.
Last week I almost perfectly judged the trend of gold and gave a good trading trend. After Friday's non-agricultural trading helped everyone avoid fluctuations, I successfully made profits under my trading strategy. I will actively update my thoughts. Like it. Everyone likes and gives me likes. If you need real-time analysis, you can join me.
Gold trend analysis
After gold's mid-term trend (daily chart) hit a record high, it immediately fell under resistance. Gold prices have received certain support from the 55-day moving average. The mid-term objective trend is to consolidate at a high level. After returning in the New Year, gold generally showed an upward trend of testing the previous high.
xauusd buy2065-2070 tp2078-2085 sl2054
Focus on shorting goldIt is now 19:30. As of now, gold has been fluctuating back and forth in the 2045-2030 area as a whole today. Gold is currently trading near the 2035 position. According to the current situation, although gold is supported near 2030, judging from the strength of the rebound,the bullish momentum of gold has gradually weakened, and today when gold touched the 2030 position, it also tried to fall below 2030, which indicates the possibility of further decline.
At present, the short-term resistance of gold is concentrated in the 2040-2042 area and the 2048-2050 area. If gold fails to break through this resistance area for a long time, gold may still have the need to call back to 2024-2022 first.So in terms of trading today, I mainly short gold around 2040. There is still a certain amount of profit, so what we have to do now is to wait for the profit to expand. In fact, patience is an excellent quality that must be possessed in trading.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Earn 12 pips on long and short two-way tradesIt is actually not easy to participate in gold trading today, because after gold breaks through upward with the help of news, you also need to be careful of gold falling back at any time after the news is digested by the market.Therefore, at the current position, we cannot be too short on gold, nor too long on gold, which brings us a lot of difficulties in trading. But in such a difficult situation, we still made a profit of 12 points in the transaction. Although this result is not good, I feel that in this market background, if we do not lose money, we are already making money.
As gold hovers near 2040, there are two voices in the market. First, there is demand for gold to fall back after a sharp rise, and second, gold may hit previous highs after an upward breakthrough. According to the current gold trend pattern, the buying support below gold is strong, limiting the space for gold's correction; after the market gradually digests the news, the bulls' energy seems to have slowed down, while the top is facing suppression from the previous highs. Therefore, gold is currently trapped in a high and volatile market. Then in the next transaction, we can use the support and resistance to perform high sell and low slag operations. But relatively speaking, because the market's bullish sentiment is currently high, we try to mainly rely on support to be long gold in short-term trading.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Continue to short gold to make profitsToday I gave a trading signal in the channel. You can short gold using the 1986-1988 area as the short-term resistance and set the TP to 1979. Obviously, after gold rebounded to around the 1987 position, it fell back to around the 1978 position again.It hit the TP I set perfectly. Congratulations to all the friends in the channel who followed the trading signals and made relatively good profits.
According to the current structure, although gold fell below the 1990 position and broke the bullish pattern, it also re-attracted buying funds to intervene in the market to a certain extent. Therefore, there is a certain amount of buying support below, and the short potential of gold can be slowed down. Therefore, at this time rhythm, we cannot be too aggressive in being bullish or bearish on gold. At present, we can only rely on the 1970-2000 area to see the gold shock. Later there will be the Federal Reserve's interest rate decision and Powell's monetary policy press conference, which may stimulate gold to break through the 1970-2000 area. At that time, there will also be very good trading opportunities. Obviously, I wish I could have taken that opportunity.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Easily profit 24 pips from gold tradingBefore gold fell back, we had already made a short-term rebound profit today. Last night and today, I have been insisting on adding positions to long gold, and set TP: 1990. Today, gold rebounded to around 1995 in the short term, perfectly hitting my expected profit target.
Gold is currently trading near the 1978 position. Judging from the current gold trend pattern, gold's fall below 2000 has broken the bullish pattern. Moreover, during the rebound today, gold only touched near the 1995 position and did not try to break through the 2000 position again. Gold fell back immediately after the rebound, so it is obvious that the gold bulls have insufficient energy, so we need to adjust the trading strategy in a timely manner in the next transaction. Next, after gold rebounds, I will consider shorting gold. The short-term resistance above will first look towards the 1990 position.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
How to save yourself if you are long gold? Are you long gold?Today I gave a trading idea in the channel. We mainly focus on shorting gold. However, before shorting gold, we first went long gold in the 1992-1990 area, TP: 1996, and happened to hit 1996 during the partial rebound of gold, and we made a profit in gold trading.
Gold continued to fall after falling below the 2000 level. Gold is currently trading near the 1981 level. Although gold shorts have strong energy, it is impossible to continue to short gold at the 1981 level. Beware of gold's short-term rebound. Gold's continued decline and downward breakthrough today eliminated those who were long last Friday and Monday. Once the long chips are eliminated, gold may usher in a rebound at any time in the short term.
So, now I am not worried about whether gold will continue to fall. Instead, I am thinking about where gold will rise if it rebounds? All in all, it is not easy to be aggressive in shorting gold in current transactions. On the contrary, you should consider going long gold in the short term in due course, or wait until gold rebounds before shorting gold.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Easily profit nearly 12 pips in gold tradingToday I mainly gave two trading ideas in the channel: one is that if gold fails to fall below the 2020 position, then gold may rush higher again, so the first trading signal I announced today is to go long gold near the 2025-2026 position, TP: 2031; The second is that I have been on the channel for the last two days to remind everyone that the short-term resistance of gold is in the 2040-2042 area, and you can short gold around this area, so the second trading signal I announced that is to short gold near the 2040 position, TP: 2031; The second is that I have been on the channel for the last two days to remind everyone that the short-term resistance of gold is in the 2040-2042 area, you can short gold around this area, so the second trading signal I announced today is to short gold near the 2040 position, TP : 2033.Obviously, in these two transactions, gold successfully hit TP, so we currently have a total profit of nearly 12 points.
According to the current gold trend pattern, gold is still in the process of adjustment, and it has not been continued in the local rebound, so I still advocate shorting gold at a high level. At present, the short-term resistance above is in the 2040-2042 area.However, the buying support below is still strong. As long as gold stays above 2020, it is still possible for gold to rise again.Therefore, we must set reasonable TP in trading to help us make profits in time and prevent profit-taking.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the exact rhythm of trading, you can execute it according to my trading ideas.I will post my trading ideas every day, and I will also post free trading signals on time.Many friends have very helpful feedback.If you want to learn the logic of market trading, or you want clear trading signals and get more profits, I can satisfy you, be sure to follow the bottom of the article to view the details!
Continue to make money by shorting goldI mainly gave you a trading idea in the channel today. At present, we are still mainly shorting gold at high levels. I will inform you to short gold near the 2030 position, and then continue to add positions to short gold near the 2035 position, and set the TP to 2023. Very Obviously, gold has just fallen back again after rebounding near the 2033 position and happened to hit the TP2023 position. We made a profit of $7. It is a pity that the gold market did not give us the opportunity to add positions, but we are still satisfied with our profits.
According to the current gold trend pattern, gold is still in the process of adjustment, and its local rebound has not been extended. Therefore, I still advocate shorting gold at a high level. The short-term resistance above is currently in the 2040-2042 area. However, the buying support below is still strong. As long as gold stays above 2020, gold may still rise again. Therefore, we must set a reasonable TP in the transaction to help us make timely profits and prevent profits from decreasing.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD 03.12.23 SELL PROJECTIONReason Behind XAUUSD Sell Projection
1. Obey Strong Resistace @ 2071-80 & No other Technical Reason For Fall
2. Fundamentally Dxy make the retest the Weekly High @ 105
3. In DXY we founded the Bulllish Spinning Top which Makes the XAUUSD further Sell
Overall Possible Outcomes
XAUUSD SELL @ 2071-80
SL 2095-2100
TP 1 @ 2040
TP 2 @ 2010
XAUUSD: Gold successfully breached the 2050 pressure level
Gold today twice hit the 2050 pressure level, after the first shock failed to return to near 2035, we choose to be long gold in this position, and successfully reached the target position 2045, after Powell's speech, gold once broke through the 2050 pressure level, and is now consolidating near 2056, next week we can observe whether gold stands firm 2050, Wait for a pullback to near 2050 go long gold!
If you have any questions about the transaction, you can contact me and I will help you!
Easily make 25 pips profit from shorting goldToday I gave you a trading idea in the channel, shorting gold with short-term resistance of 2045 and strong resistance of 2050. I shorted gold near 2042, 2045 and 2049 respectively, and set the TP to 2037. Gold fell back after hitting near 2050, reaching its lowest level near 2034. Obviously, my expected profit target of 2037 was perfectly hit in the short gold trade. We easily made a profit of 25 points.
According to the current gold trend pattern, there is strong buying support below gold, while strong resistance is formed near the 2050-2052 position above, so we can regard gold as a wide shock trend pattern. However, from the perspective of cost performance, the early highs were around 2067 and 2080. So according to the current situation, the space above gold is only 10-30 US dollars at most, while the space below is obviously larger, so we cannot be too aggressive in going long gold in the transaction,to prevent gold from falling back again after rising high, and then entering a correction market, the following will first focus on the 2030 position support, and secondly focus on the 2020 key position support.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!