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Xauusdtradeidea

Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510. If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area. So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by Trading-Hawkeye
Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again. Therefore, shorting gold is still the main trading strategy at present. Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together.
OANDA:XAUUSDShort
by Trading-Hawkeye
6
Gold is difficult to break through, continue to short goldToday, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not really strengthened. The overall trend is still in a volatile trend, and there is no obvious sign of a breakthrough. In addition, gold failed to break through the resistance of the 2335-2340 area, and the bulls have not reached the level of upward rush. Therefore, the possibility of falling back after the intraday high is greater. Moreover, the U.S. market is closed early today, and it is difficult to continue to break through and rise in the short term. Obviously, it is not suitable to continue chasing gold now, so we might as well rely on the short-term 2335-2340 area resistance to short gold again! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDShort
by Trading-Hawkeye
GOLD XAUUSD BUY TRADE ?The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets. Technically Gold Setup: After monday market gap up open we see small pullback of gold and test 1844 level sweep the Buy side liquidity and break its Day high and test 1865. Tuesday(Today); Gold Price retrace to its h4 Imbalance or fair value gap and mitigate the gap and in 1h test its 61% fib level so here we wait for the break out of 15h structure to the upside 1859. Then we enter our long position for the target of 1872 Weekly or daily gap fill level and price fill the gap of march 2023.
FXOPEN:XAUUSDLong
by naumanfx_
3
XAU/USD Retains Support Above $1,910 Amid Global UncertaintiesGold prices are showing resilience above the $1,910 support level, as markets await significant US inflation and employment data. Mixed statements from the Federal Reserve, as well as China's economic policy moves, are impacting market sentiment. Meanwhile, technical levels suggest room for both upside and downside movement in the near term. TRADE IDEA DETAILS CURRENCY PAIR: XAU/USD CURRENT TREND: Sideways with upside potential TRADE SIGNAL: Conditional Buy/Sell 👉ENTRY PRICE: Buy around $1,925 (upon breaking resistance) Sell around $1,900 (upon breaking support) ✅TAKE PROFIT: Buy: $1,935 Sell: $1,885 ❌STOP LOSS: Buy: $1,915 Sell: $1,910 ANALYSIS: Based on the current market conditions and upcoming economic data releases, a conditional buy/sell signal is recommended. A breach above $1,925 could indicate a bullish trend, targeting $1,935. Conversely, a break below $1,900 could suggest bearish momentum towards $1,885. FINAL THOUGHTS: Given the market's sensitivity to upcoming economic data, it's crucial to be prepared for both bullish and bearish scenarios. Utilize a conditional order strategy and monitor closely for market-triggering events. Keep an eye on geopolitical developments that could sway sentiment.
OANDA:XAUUSD
by RichDadph-FX
Gold Price Stalls as Markets Eye Fed's Jackson Hole SymposiumGold prices are trading cautiously around $1,895, affected by factors like US yields, China's economic woes, and anticipation of the Federal Reserve's actions. Investors eye Jerome Powell's upcoming speech for insights into the US economy and the Fed's monetary policy. A disappointing rate cut by the People's Bank of China adds to the complexity. Markets are also looking to US Existing Home Sales data. The intricate scenario calls for caution in investment strategies around Gold. TRADE IDEA DETAILS CURRENCY PAIR: XAU/USD (Gold/US Dollar) CURRENT TREND: Consolidating below $1,900 mark TRADE SIGNAL: Buy (Based on the current market scenario) 👉ENTRY PRICE: $1,895 ✅TAKE PROFIT: $1,920 ❌STOP LOSS: $1,880 Fundamental Analysis: The anticipation of a 25 bps interest rate hike by the Fed, mixed with China's economic woes and a lower US Dollar Index, creates a complex but potentially bullish environment for Gold. Technical Analysis: XAU/USD has shown support around the $1,885 region, with resistance near the $1,900 mark. A potential breakout above this level could lead to an uptrend targeting the next resistance at $1,920. Economic Indicators: The Jackson Hole Symposium and upcoming US data releases, such as Existing Home Sales, could significantly influence the price action. Time Frame: The trade is aimed at a short to medium-term horizon, targeting a 1-2 week timeframe, with close monitoring of key economic events.
OANDA:XAUUSDLong
by RichDadph-FX
1
GOLD SHORT TERM INTRADAY IDEAIntraday analysis - GOLD - ( 9 MAR 2023 ) Price is currently ranging with relatively low volume in preparation for tomorrow's high impact news. This is very common as before a high impact news like NFP / FOMC , price of gold tends to consolidate and have choppy price action. I am expecting good data for NFP whereby based off PMI we have good data and PMI is generally used as a reflection of how good NFP would be. However this is still just a gauge and waiting for data to release is a wiser option. My analysis stands with HRHR SELLS AT 1828 MRMR SELLS AT 1820 SAFEST SELLS BELOW 1812 Note that if we fail to break the lows at 1809, scale out or leave a small runner However if we break the intraday high at 1823, we can potentially head towards 1828 and a break of 1828 we can head towards 1832. HRHR BUYS AT 1823 MRMR BUYS AT 1828 SAFEST BUYS ABOVE 1832 Based off all the key fundamentals this week , from ADP , JOLT JOBS , FED CHAIR TESTIFYING , USD dominance is back and i will be playing by the fundamentals backing my trade hence my bias i shorts. However if the employment data released tmrw is bad , do expect a higher retracement to greater sell side liquidity or even a potential shift in market sentiment. An updated analysis will be given after NFP on Monday. Personally i need a new low to be printed on Gold for more confirmations that price will head lower in the coming weeks. ADVICE : DONT TRADE HIGH IMPACT NEWS. CAPITAL PRESERVATION IS KEY AND TRADE OPPORTUNITIES WILL ALWAYS BE THERE AFTER THE NEWS.
OANDA:XAUUSD
by CJ_GOLDPIPS
XAUUSD:Weak upward momentum,1820 short After each wave of market activity, successful traders reap joy, profits, and experience, while unsuccessful traders face sadness, losses, and lessons. The same market, the same time, but different results. Which type are you? If the direction is right, the road ahead is not daunting. Witness your strength with time, win the future with your abilities, let trust become profit, and dispel doubts with profits. Powell said that the terminal value of interest rates may be higher than expected, and the central bank is prepared to increase the pace of rate hikes if necessary. Powell emphasized the theme of "slowing inflation" in a speech a month ago, changing the aggressive tone following the release of U.S. employment data. The increase in hawkish sentiment has pushed the U.S. two-year Treasury yield to its highest level since 2007, which may put pressure on precious metal prices. The probability of the Fed raising rates by 50 basis points at the March rate decision has increased. Currently, the implied terminal rate for the federal funds rate futures is 5.63% (expected to be reached in September). This is up from 5.48% before Powell's testimony and only 5% at the end of January. The terminal rate is expected to be nearly 100 basis points higher than the current Fed policy rate of 4.5%-4.75%. The focus of the market is currently on U.S. employment data, which will be released this Friday, and U.S. CPI data next week. Non-farm payroll employment in February is expected to increase by 224,000, slowing down from the 443,000 in January, while the unemployment rate is expected to remain near its 50-year low of around 3.4%. The CPI in February is expected to slow down to 6.0% from 6.4% in January, but the core CPI may still stabilize at 0.4% monthly. Better-than-expected U.S. economic data may continue to put pressure on precious metals. During the super data week, technical analysis often appears to be ineffective because the market is always driven by the main funds. Today's operation strategy is mainly short on rebounds, and the bullish trend has been seriously affected. Short-term bulls are weak, and it is recommended to follow the trend. Personal operational advice: short near 1820, with a focus on targets of 1810-1804. I will continue to monitor the trend of XAUUSD, and update the strategy as needed in a timely manner. Please stay tuned.
FX:XAUUSDShort
by FlashTrades_
2