12.26 Gold Trend Trading Strategy
🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened again in the 2613 area, indicating that the support below is strong. The support area is still bullish. Focus on the upper 2626 and 2633 points. The retracement is also expected. Without the retracement, the bulls can't go far. Due to the Christmas holiday, the bulls have no strength during the day and return to the range of shocks.🔴
🎈There are two scenarios for tomorrow's opening:
The first scenario is that the Asian morning session directly jumps up and opens above 2620, and then rises sharply in the morning session, breaking through 2626 and then trading sideways in the 2633 area. The European session exerts force again, directly breaking through 2633, and continues to rise to 2642. After the US session retests around 2633, the bulls exert force three times to directly probe above 2650. In terms of operation, hold the long orders in hand, break through 2626 and 2633 tomorrow and continue to go long. The first time it touches 2642, go short, and look at 2635-33. The US session retests around 2633 and directly goes long again, looking above 2650!🔴
🎈In the second case, the Asian market opened at a normal high in early trading. After a small retest of the 2613 area in the morning, it rose directly to the 2642 area in the early trading. The European market fluctuated and consolidated above 2633. The bulls in the US market made a second effort and broke through the 2650 area again.🔴
🎈Gold strategy:
Go long when gold retests near 2613, target 2642, 2650, 2664; go short if 2642, 2650, 2664 are given for the first time; go long in batches if 2610, 2607, 2601 are given; more real-time layout is subject to the actual market;🔴
🎈The difference between these two situations is whether it opens with a gap or opens at a normal high, which determines the strength of the bulls and how far they can go. If it opens with a gap, the strength of the bulls basically stops at the 2650 area, and if it opens at a normal high, the expected limit of the bulls can be seen in the 2670 area!🔴
Xauussd
XAU BUYFrom my last publish, the apt analysis of the xau market was the bullish insight, the buy momentum has kick-started and the zones whicb can cause a market reaction has been carefully highlighted,let's watch it all play out as the market continues moving
Follow for more helpful analysis on the xau market 👍...
1958 go long directly
Gold can't fall anymore. The big positive line at the bottom has obviously stopped the decline. Especially since the gold price once dropped to around 1944, it is obvious that the downward pressure is great. The K line cannot go down. The big positive line directly swallows up the five positive lines. decline, and at the same time, there is an obvious bottom signal, which is a bullish engulfing pattern.
The four-hour gold price line has a strong Yang line. The K-line starts from below the 50-day moving average and directly breaks out of the suppression of the moving average. At the same time, the 50-day moving average also shows a strong twist upwards. At least the pause button is pressed for the downward movement. , the big positive line continues to exert force on the moving average, go long directly in 1958
Operation strategy: long gold 1958, stop loss 1950, target 1975
XAUUSD Continue to be bullishGold has continued to rise since the opening yesterday (Monday), and it has been consistent with my prediction yesterday. It has exceeded 1860, and the price of gold has risen by nearly 30 US dollars. The war between Israel and Hamas has shocked the market, and this war may spread further throughout the Middle East. Risks are also rising, demand for safe havens is increasing, Federal Reserve officials issued dovish speeches, and the U.S. dollar index fell to more than a week low, which also promoted the ability of gold prices to rise. I think gold prices may re-target the 1900 area.
GoldViewFX - 1H CHART UPDATED LEVELS AND TARGETSHey Everyone,
Please see our 1H chart updated levels and targets.
Price is sitting tight between two weighted structures, with a candle body close gap above
1963 is a weighted Goldturn level and therefore will need a EMA5 cross and close above at 1925 and below at 1912. We will use this to plan our trades in line with our long term trend when buying dips.
We will continue to track the movement level to level with ema5 cross and lock.
Our long term projection still remains Bullish.
BULLISH TARGETS
1924
1931
EMA5 CROSS AND LOCK ABOVE 1931 WILL OPEN 1938, 1944 AND 1950
BEARISH TARGETS
1912
EMA5 CROSS AND LOCK BELOW 1912 WILL OPEN THE SWING RANGE
SWING RANGE
1895
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Open Sell Gold/XAUUSDIf the price is up to 2030 - 2035 , consider open sell order. Please wait for signals from the market.
Note: The content of this article reflects the opinion of the author. Documents published on this site are provided for informational purposes only and are not intended to provide investment advice.
GoldViewFX - END OF WEEK UPDATEHey Everyone,
A PIPTASTIC finish for us this week completing all targets. 1982 Goldturn support provided a nice bounce back into 2000 allowing us to buy the dip to secure a clean 50 pip TP. Although we have HIT our 2006 target this gap was re-opened yesterday, which price fell short by a few pips but still provided a nice bounce into the range.
2006 Goldturn is holding well as resistance. As we stated at the start of the week, unless we see EMA5 cross and lock above 2006 to open the upper range we will continue to see rejection here.
However, we continued to buy dips and secure TP exits below this level for safe exits.
We will now come back Sunday with our multi timeframe analysis and trading plans for the coming week.
BULLISH TARGETS
2006 - DONE
EMA5 CROSS AND LOCK ABOVE 2006 WILL OPEN
2029
2050
BEARISH TARGETS
1982 - DONE
1955 - DONE
EMA5 CROSS AND LOCK BELOW 1955 WILL OPEN 1938, 1928, 1915 AND 1907
SWING RANGE
1915 - 1907
Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSD NY OutlookGood afternoon gold gang! .. Im currently in this trade taking it up to the highlighted area.
I took the sells this morning and exited full for 35 pips so this would be icing on the cake today as we know friday isnt the most volatile day.
I will take a look how price reacts from the area and see if we can expect more bearish action but for now lets see how deep the NY pull back takes us
Have a great session and an even better weekend
Tommy
Gold daily analysis 07.04.2022Gold is still ranging between its support 1916 and resistance 1933.
We see the triangle will close in a day. So be ready for breakout.
We should not be biased about the direction of breakout and I suggest to take trades ones the price completely fall or rise
So go for buy above 1880 and sell below 1966.
For today dont take any trade until the price touches any of these levels
GoldViewFX - UPDATED LEVELS & TARGETS$Hey Everyone,
Another awesome day for us with our analysis playing out perfectly. We rode the BUYS up with todays movement, breaking the trades up in 30 to 40 pips using our intraday Goldturn support levels.
We have updated our H1 Goldturn Levels with the most up to date data and this chart should now allow us to map out gaps using EMA5 cross and lock. We have a gap at 1940 and also a gap at 1911.
We remain Bullish and therefore buying dips and targeting the 1940 level as a TARGET!!! with 1911 in mind to risk manage, should we get a new Goldturn above. Our swing range is at 1907, which is also inline with the 1911 gap.
We remain Bullish and will continue to buy dips. The current Goldturn levels will allow us to safely enter and exit levels using EMA5 cross and lock for confirmation and failures also allowing safe exits should the market turn.
As always we will keep you updated with any changes. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
XAUUSDHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
XAUUSD in a resistant zone, wait for the market for rejection or breakout
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
XAUUSD: Getting close to a bottom. Buy opportunity.The wider 1W Channel Up on Gold remains intact (RSI = 58.687, MACD = 17.040, Highs/Lows = 4.0208). This indicates that on the long run there is still no trend reversal. Within the Channel there are some recurring patterns that suggest the price is close to a Higher Low. Add to that the vastly oversold 4H (RSI = 23.783, STOCHRSI = 0.000, Williams = -99.309) and to a lesser extent 1D (RSI = 38.102, STOCHRSI = 0.000, Williams = -99.569), we are a expecting a strong rebound next week. TP = 1,330, extension = 1,350.
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