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Xauusdtrade

Gold is brewing long-term sentiment, and the upward trend will c Today's market conditions are in line with my expectations yesterday. At present, the daily line is still rising. After the big rise broke the Bollinger Band on Friday, the technology is still performing strongly.Therefore, before the non-farm payrolls data affect the short-term direction of gold, I think gold will continue to fluctuate upward. For the intraday market, the 4-hour cycle of Bollinger bands opened on the upper track, and the support of the 5- and 10-day unilateral moving average is the standard strong point, mainly bullish. Operationally, it still continues yesterday's thinking, focusing on long positions at low levels. You can consider long positions on the 1850 line, and the first target is expected to be on the 1860-1865 line. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
OANDA:XAUUSDLong
by Blessed_V
Will XAUUSD continue to rise strongly?Following the closing of the DOJI, gold maintained a strong rise on Friday and touched the 1855 line. It can be seen that the gold price has continued its strong rebound pattern since 1806, and with the support of the 5-day and 10-day moving average, it gives the market the possibility that gold will continue to rise in the future. The technical indicator MACD is about to form a golden fork, and the upward momentum bar has just emerged, so it is likely that the upward trend of volatility will continue next week. However, overall, since the market is currently waiting for next week's non-farm payrolls data and the Fed's attitude towards raising interest rates, even if gold prices rebound, the room for rebound will still be limited. Judging from the 2-hour chart, the gold trend is too volatile, and the MACD shows that the kinetic energy is too strong. There is still momentum to rise in the short term, but the top is about to face resistance from the 1865 line, so the higher the gold price in the short term, the greater the pressure it will face. It is not ruled out that there will be a rhythm of volatility and decline in the market; However, in the current form, the main one is the bullish upward trend, and the pullback is relatively small, while the 1850 line below is the key support in the short term, so the current market trend is biased towards long-term operation. In terms of operation, it is mainly based on long positions at the low level. You can consider going long at the 1850 line; you can try to go short near 1865 for the first time. The above views are for reference only, please continue to pay attention to my analysis and sharing, I will bring you a more perfect presentation; click the network button below, everyone is welcome to come and discuss together
FX:XAUUSDLong
by Blessed_V
The XAUUSD Learning CurveHey Traders, You may remember we looked short as the market rallied and rallied. Well, you can see how that turned out. Now before you look to decide how you will trade the following move you must take the opportunity to save in your brain (or this post) a key lesson to learn. The fall to Circa 1600+ area gave way to this long move. That is because the fall was harsh and fast and moved the market to comfortable support. There are 2 traders in this situation: - This will keep falling. - This will turn around. Both are hypothetical, but only ONE is logical. The latter, in any situation, you will find up ends being right over time. That's because markets cannot fall forever they have to change and move the opposing way, that's just how things have and do always work. Simple Market Economics and experience Trading tells you this. That is why the markets are oscillations of price over time. Buyers and Sellers move in and out according to the overall sentiment and key price points for value on an asset. So again, next time this kind of thing happens... Don't be a neigh-sayer. Be a Trader. Be patient and wait for the returning move, it'll come. PS if you mind then says 'OK when will it come, how do we know?'... That's what PA and a risk plan is for. Never let any market ruin your portfolio and make you scared. Scale your risk in accordance with available capital and never overleverage.
OANDA:XAUUSD
by WillSebastian
9
How is the trading of XAUUSD today? XAUUSD broke through the resistance level after multiple tests of 1830 and rose today. As mentioned in a previous article, friends who shorted gold at high levels need to reduce positions or take profit near 1830. The long and short positions are fiercely contested at this level, and the current market trend is biased towards the long side. Attention should be paid to the resistance level of the previous high point of 1847, and it is not advisable to chase the upward trend. A light short position can be established when the price reaches 1847 for the first time, and then wait for the market to adjust to around 1830-1835 before following the trend to establish a long position. Today's trading strategy: Establish a light short position when the price reaches 1847 for the first time, with the first profit-taking target at 1835, the second profit-taking target at 1830, and the stop-loss at 1852. Short-term trading should be emphasized on Friday, and do not be too greedy. Wait for the adjustment and then enter the long position at the appropriate time. I have in-depth research on futures products such as cryptocurrency, forex, stock market, gold, and crude oil, and I also update some daily trading strategies. Thank you for your attention and likes. Friends with questions can leave me a message, and I will provide the most reliable advice to help you.
OANDA:XAUUSDShort
by FlashTrades_
Gold market commentary on 2/3/2023Spot gold extended its rally on Wednesday, hitting an intraday high of $1,844.47 a troy ounce. XAU/USD pulled back from the level amid resurgent US Dollar demand following tepid United States macroeconomic figures but holds on to most of its intraday gains. Broad USD weakness ahead of data and the risk-averse ruling environment maintain Gold on the winning side. Market participants have been moving away from the Greenback these days amid positive news affecting its major rivals coupled with tepid American macroeconomic figures. This Wednesday, the country released the February ISM Manufacturing PMI, which resulted at 47.7, barely improving from the previous 47.4 and missing the expected 48. However, the survey shows that “new order rates remain sluggish due to buyer and supplier disagreements regarding price levels and delivery lead times,” indicating persistent price pressures. The report triggered a run to safety, which temporarily benefited the USD. At the time being, Wall Street’s indexes trade mixed but off their early highs. Government bond yields, on the other hand, run higher, with the yield on the 10-year Treasury note currently at around 4.0% and the 2-year note yield hovering near a 16-year high of 4.904%. Support levels: 1,825.90 1,812.20 1,803.00 Resistance levels: 1,848.00 1,863.70 1,877.50 Recommendations for trading gold: Buy GOLD 1830 - 1829 Stop Loss: 1825 Take profit 1: 1835 Take profit 2:1840 Take profit 3: 1850 Sell GOLD 1845 -1846 Stop Loss: 1850 Take profit 1: 1835 Take profit 2:1830 Take profit 3: 1825 Note: Always set TP and SL in all trading cases If you have any questions or support, please leave a comment
TVC:GOLD
by DNAchampions
1
Down Goes Gold.. Learning Why These Moves HappenSo, we looked Short on Gold repeatedly.. and with good reason! If you saw my posts and streams previously we looked at levels where we could look to get short. We can now RE learn from this move for future reference and we can also plan out longs as price falls. Remember, what comes up has to come down. It's inevitable. It's just how things work.. You need to: 1) Reflect on high the price is 2) Reflect on previous zones and what happened before. 3) appropriately assess your Risk Plan + sentiment of the market. We can look to exit the short positions you had and take the gains RE short higher. We are Looking to take long bounces as price falls to levels shown. As always trade small and light!
OANDA:XAUUSD
by WillSebastian
2
Gold Day AnalysForex and gold is a market full of potential but also a lot of risk, so practice and equip yourself with the necessary knowledge. Our pivot point stands at 1912.00. Our preference The upside prevails as long as 1912 is support. Alternative scenario The downside breakout of 1912 would call for 1901.50 and 1895.50. Comment The RSI is trading above 70. This could mean that either prices are in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Gold is above its 20 and 50 period moving average (respectively at 1911.30 and 1904). Supports and resistances 1951.50 ** 1945.50 * 1939.50 ** 1933.00 1920.20 last 1916.00 1912.00 ** 1901.50 * 1895.50 ** Number of asterisks represents the strength of support and resistance levels.
OANDA:XAUUSDLong
by talhashaheen
2
XAUUSD - GOLD CURRENT SITUATION#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went UP very fast in the previous weeks, BREAKING the TREND LINE. Due to this US10Y went down. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. RETAIL SALES, NFP and PMI DATA, CPI DATA should be monitored. But since all the ECONOMIC INDICATORS were positive the other day, GOLD was slightly SELL yesterday. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. Anyway, we expect that GOLD will go up to 1875 LEVEL. Before that, GOLD may go down to the 1795 level with the FOMC UPDATE. Be careful..
OANDA:XAUUSD
by benny_marshall
gold Analyse, xauusd analyseAt the same time, the pressure and talks of Hawkish from the Fed, BOE and ECB, and of course the central banks of several other countries, the selling pressure has prevailed on gold. According to the PMI and before the meetings of the central banks last week, it seemed that the selling pressure on gold has decreased, but with the emphasis of the central banks that the time to increase the interest rates in America, Europe and England will be long, the selling pressure on gold will rule again. Of course, the publication of core PCE news on Friday can be important. If the output of the meeting is a soft number, we can expect the selling pressure on gold to decrease, and if it is far from the forecast, other events are coming. Of course, due to the upcoming holidays, we cannot expect a large volume in the market. Please pay attention to capital management (at the end of each month, a statement is provided based on this capital management) Capital management method: 1) only 1% risk 2) In 1-to-1 RR, we are risk-free and withdraw 50% of the profit. 3) When it reaches RR one to two, we move the stop loss to the TP of the first point and below the pivot , and in the same way, we move with the price in different RRs .
TVC:GOLDShort
by Amir-Maleki