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Profitable gold trading signals Today's signal is to short gold. The resistance level marked in the figure is near 1986. When gold arrives here, it is obviously blocked. The US market falls first and then rises. Our short trading completes the take profit. At present, gold has broken through the resistance near 1986 and completed a support backtest. As can be seen from the 2h and 3h charts, the counterattack power of the bulls has not been released, and it is expected that it will continue to rise in the future. At the resistance level, we first pay attention to the first line of 1990-1995, focusing on 1998. At present, the bulls can continue to hold, if they touch 1995 and do not break, you can close the position first and observe the 1988-1986 support. If the support is effective, you can continue to go long, and continue to pay attention to the first line of resistance of 1995-1998. The 1D pattern is still short at present. If you want to complete the trend reversal, you need to break through the 2008 line and stabilize above it. If not, gold will still fall again after rebounding.
FOREXCOM:XAUUSD
by EagleEyeStrategy
1
Prefer to do long gold at low positionThe market expects the Federal Reserve to suspend interest rate hikes in June and July, as well as strong support for safe-haven buying. The bullish trend of gold is obvious. In the absence of breaking the trend, gold is still dominated by low-level bulls. From the perspective of the short-term structure of gold, the main focus below is the important support in the 2032-2027-2022 area. Aggressive friends can choose to do long gold around 2032, and conservative friends can wait for gold to fall back to the 2027-2022 area to do long gold. In addition, I have posted the most suitable trading opportunities to my channel. If you don't know how to trade gold now, or have no grasp of the current gold market, please join my channel to get it.
OANDA:XAUUSDLong
by Short-term-king
Will gold reverse on the way down?Will gold continue to fall to 1950 next? First of all, what I want to explain is that gold as a whole is still weak, but it cannot be directly shorted in trading. The reasons are as follows: From the continuous closing of the lower hatching line at 1970 in the recent trading days, it can be seen that gold is currently receiving technical support at 1970, so gold may take this weak rebound. So which areas are mainly observed above? 1.First observe the 1988-1992 area 2.Secondly, observe the 2000-2004 area If these two regions can recover quickly in the short term, then gold may reverse its decline and there is a possibility of challenging the previous high again.It is also worth noting that don't just pay attention to integer thresholds and avoid the pitfalls of technical false breakthroughs. In addition, in this week's trading, we have achieved a record of consecutive wins and zero losses. Starting tomorrow, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
OANDA:XAUUSDShort
by Short-term-king
1
Coinciding with the non-farm payrolls holiday,gold may break outThis week's big non-farm payrolls data coincides with Good Friday. In addition to the opening of foreign exchange and cryptocurrency on Friday, other precious metal futures and spot markets cannot be traded.The published value of non-farm payrolls data was 236,000, which was lower than the previous value of 311,000 and the forecast value of 239,000, which was more gold.However, it should be noted that although non-farm payrolls data are more profitable for gold, due to the closure of the market on Friday, it will most likely be reflected in the opening price on Monday. According to the current structural trend, although the high level appears to be unable to effectively stand above the 2000 mark, the upside is under pressure to fall back, according to technical expectations, it is seen to fall down; in addition, from the perspective of the daily K-line, after the DOJI closed on Wednesday, a mid-negative line was then closed, forming a bearish K-line combination.However, the current market high still dare not easily reach the top, at least if it fails to fall below 2000 points, there is still a possibility of rebounding upward.The market is currently in the stage of correction of the decline from the high level of a strong structure. Soaring and stagnant growth means that if you don't rise, you will fall, but the probability of a deep fall is relatively small, and it is not a one-time decline. Therefore, the current market trend is to pay attention to the second rebound of the decline and then follow the trend. At the 4-hour level of gold, after gold broke through the triangular finishing pattern, it reached the highest level of 2032. As the market surged, it fell back. At present, from the 4-hour point of view, the technical indicators are running in the air, even if the daily gold is not very consistent with the peak and fall of gold, but stepping back is also a high probability event.In terms of the trend, the short-term moving average gradually turned from the upward divergence in the early stage to a flattening and began to hook down. After the high-level shock, the K-line also showed signs of gradually breaking through the short-term moving average. There may be a certain degree of adjustment in the short-term trend. This time the non-farm payrolls are not expected to have much band, and they are expected to fluctuate in the 1987-2025 range. Monday short-term operation ideas: Pull back to 1992-1993 to buy gold, stop loss 1985, target 2010 Rebound to 2023-2025 to sell gold, stop loss 2032, target 2006 I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDShort
by Short-term-king
Where will the end of gold's rise be?Affected by the extreme market sentiment, gold remained in a high state of volatility during the day, and there was basically not much room for recovery. This also shows that the current market long sentiment and confidence are still very strong.Technically, the pressure of the trend line near 2028-30 has also played a certain suppressing role, but the actual effect is not strong. Under the extreme market sentiment, the room for short-term repair is still not very large.After the release of ADP small non-farm payrolls data, the dollar fell again, which also caused gold to rise again. Judging from the 1-4-hour level of gold, gold directly broke the original shock range and was strong in the short term, resulting in a very abrupt state of the market. In the previous trend, it is not difficult to find that every time the gold price rises, it will be accompanied by a correction.It's just that the length and magnitude of the correction are not the same. In this way, there will be a correction of the high-level correction during the day, and there should be a correction in the short-term.The hourly line shows that the short-term gold price has risen sharply to get rid of the support level of short-term technical indicators, and the long-term strength is strong, maintaining short-term guidance and reference. The sharp increase during the day exacerbates the overbought price pattern on the hourly line, and there may be strong demand for correction during the day.The decline in gold prices first focuses on the vicinity of the previous high point of 2010. If the gold price stands firmly above 2010, gold in the future will rely on this support and rise again. Short-term trading reference: First sell gold in small batches near the 2023-2024 position, with a stop loss level of 2030 and a take profit level of 2010 I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDShort
by Short-term-king
2
XAUUSD: Bullish Pennant!In early Asia, the gold price XAUUSD is under significant strain due to the increase in pressure to use US inflation, following OPEC+'s surprising announcement of production cuts at the end of the week. The valuable metal has fallen below $1960.00 as there is hope that the Federal Reserve (Fed) will maintain higher interest rates for a longer period. With the expectation of a boost in the US growth rate, higher oil prices resulting from conflicting output cuts will make it impossible for the Fed to maintain a stable monetary policy in May. The US Dollar Index (DXY) exceeded 102.70 due to the anticipation that the Federal Reserve (Fed) will continue to increase interest rates by 25 basis points (bps) to reach 5.00-5.25%. As a result, S&P500 futures contracts experienced a significant decline during early Asia, indicating a need for caution regarding the general appetite for risk. No information has been left out in this paraphrased text. The Relative Strength Index (RSI) (14) has entered a descending range between 20.00-40.00, indicating that Gold must experience a decline in order to maintain its upward momentum. No information has been left out in this paraphrased text.
OANDA:XAUUSDLong
by Sphyn-Trader
3