Gold trading plan
Updated
Gold news analysis: On Friday (November 16), spot gold was last traded at $1,980.65 / ounce, up more than 2% from Friday's three-week low. While gold ended the week with strong gains, prices have retreated from Thursday's highs. Cooling inflation pressures and growing weakness in the US Labour market have led markets to start questioning the Fed's plan to keep interest rates in a restrictive range for the foreseeable future, which has given fresh impetus to gold. However, market sentiment is still not enough to push prices above $2,000 an ounce. While analysts remain bullish on the gold market as it enters a point of seasonal strength, some say new catalysts are needed for prices to reach their ultimate goal of record highs. At the same time, with little economic data due next week, investors are unlikely to get an accurate picture of the health of the U.S. economy. Markets will also be closed on Thursday for the U.S. Thanksgiving holiday.
While analysts remain bullish on the gold market as it enters a point of seasonal strength, some say new catalysts are needed for prices to reach their ultimate goal of record highs. The reaction of the dollar is driving the market today. The dollar ended the week down on dovish bets on the Fed, testing the edge of a four-month low. Weak inflation data and weak economic activity data in the US were the main reasons for the dollar's decline. The dollar weakened all week on expectations that the Fed would stop raising interest rates amid signs of inflationary pressures in the US economy and a cooling Labour market. While the Fed's aggressive interest rate stance has gotten a lot of attention in the markets, some analysts say investors should also keep an eye on its balance sheet as global financial markets become increasingly concerned about the size of U.S. debt. Next week, the Treasury will auction 20-year notes and 10-year Treasury inflation-protected securities. The two auctions followed last week's disappointing auction of 30-year bonds. Analysts point out that US sovereign debt is becoming less attractive as debt continues to grow. Investors continued to digest data reported this week. The Bureau of Labor Statistics reported that the core consumer price Index (CPI) fell short of market expectations in October.
Gold technical analysis: Friday morning gold opened in the 1980 line, after the opening was supported, unable to break through the 1980 mark, but began to move higher, so gold rose directly to the 1986 line. However, after that, gold fell into a shock and could not break further. During the Asian session, gold fluctuated in the 1986-1982 range. By the European session, gold has risen further since 1982, thus strengthening the strength of the bulls. Gold rose all the way, breaking through the previous day's high in 1987, and further breaking through the 1990 mark. Gold's rally finally stopped at the 1993 line and began to fall back below 1990.
From the daily chart, the daily line has been oscillating between 1955 and 2000 between the cell for 3 days, broke a new high on Friday after 1987 began to step back, to cross the negative line, the daily high is constantly refreshed, the rising channel is intact, is expected to continue to oscillate up, from the average line, MA5 and MA10 form a gold fork, from the indicator, the Bolin with flat, Gold is running on the Bollinger belt track, from the indicator point of view, KDJ continues to turn up, MACD green kinetic energy column gradually reduced, all forms and indicators are bullish, so the short-term fall is still mainly, but in the upper 1993 region has not been broken before, can not blindly chase more.
Four hours from the point of view, the gold shock type rush, although there is no unilateral rise, but the overall high point moved up, the low point from 1950, 1975, 1987 continued to move up, the longer the consolidation platform in the rising market, the better the sustainability and strength of the rising wave. So for next week's operation, although gold is currently back to 1978, the bears have not yet further broken through 1975, and the future decline trend still needs to pay attention to whether there are unexpected events over the weekend. If the upper resistance level can break through the 1993 line, it will test the 2000 mark again, opening the door for further increases in gold prices. Below, if it breaks below 1970, it will test the 1955-50 support line. On the whole, gold today's short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the resistance of 1993-1998, and the short-term focus on the support of 1965-1960.
While analysts remain bullish on the gold market as it enters a point of seasonal strength, some say new catalysts are needed for prices to reach their ultimate goal of record highs. The reaction of the dollar is driving the market today. The dollar ended the week down on dovish bets on the Fed, testing the edge of a four-month low. Weak inflation data and weak economic activity data in the US were the main reasons for the dollar's decline. The dollar weakened all week on expectations that the Fed would stop raising interest rates amid signs of inflationary pressures in the US economy and a cooling Labour market. While the Fed's aggressive interest rate stance has gotten a lot of attention in the markets, some analysts say investors should also keep an eye on its balance sheet as global financial markets become increasingly concerned about the size of U.S. debt. Next week, the Treasury will auction 20-year notes and 10-year Treasury inflation-protected securities. The two auctions followed last week's disappointing auction of 30-year bonds. Analysts point out that US sovereign debt is becoming less attractive as debt continues to grow. Investors continued to digest data reported this week. The Bureau of Labor Statistics reported that the core consumer price Index (CPI) fell short of market expectations in October.
Gold technical analysis: Friday morning gold opened in the 1980 line, after the opening was supported, unable to break through the 1980 mark, but began to move higher, so gold rose directly to the 1986 line. However, after that, gold fell into a shock and could not break further. During the Asian session, gold fluctuated in the 1986-1982 range. By the European session, gold has risen further since 1982, thus strengthening the strength of the bulls. Gold rose all the way, breaking through the previous day's high in 1987, and further breaking through the 1990 mark. Gold's rally finally stopped at the 1993 line and began to fall back below 1990.
From the daily chart, the daily line has been oscillating between 1955 and 2000 between the cell for 3 days, broke a new high on Friday after 1987 began to step back, to cross the negative line, the daily high is constantly refreshed, the rising channel is intact, is expected to continue to oscillate up, from the average line, MA5 and MA10 form a gold fork, from the indicator, the Bolin with flat, Gold is running on the Bollinger belt track, from the indicator point of view, KDJ continues to turn up, MACD green kinetic energy column gradually reduced, all forms and indicators are bullish, so the short-term fall is still mainly, but in the upper 1993 region has not been broken before, can not blindly chase more.
Four hours from the point of view, the gold shock type rush, although there is no unilateral rise, but the overall high point moved up, the low point from 1950, 1975, 1987 continued to move up, the longer the consolidation platform in the rising market, the better the sustainability and strength of the rising wave. So for next week's operation, although gold is currently back to 1978, the bears have not yet further broken through 1975, and the future decline trend still needs to pay attention to whether there are unexpected events over the weekend. If the upper resistance level can break through the 1993 line, it will test the 2000 mark again, opening the door for further increases in gold prices. Below, if it breaks below 1970, it will test the 1955-50 support line. On the whole, gold today's short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the short-term focus on the resistance of 1993-1998, and the short-term focus on the support of 1965-1960.
Note
1984-1985sell tp1970-1968 sl 1990Trade active
1968DoneTrade active
Perfect signal. CongratulationsTrade active
There is no trading opportunity today, we just need to wait for the next opportunity and make our account more plumpTrade active
The trajectory today was perfect and we had a lot of trading opportunitiesTrade active
Gold news analysis: On Monday (November 20), the price of gold traded around $1,969 / ounce in the US market, as the dollar fell along with US Treasury yields, gold gained bullish momentum last week, rising more than 2.5%. On Tuesday, the Fed will release the minutes of its Oct. 31-Nov. 1 policy meeting. According to the CME Group Fed Watch tool, markets have almost fully priced in no change in December, pricing in less than a 15 percent chance that the policy rate will remain at 5.25 percent to 5.5 percent by June. On Wednesday, U.S. durable goods orders for October and weekly jobless claims are due. The market reaction to the data is likely to be straightforward, with worse-than-expected data weighing on the dollar and stronger data supporting it. Us stock and bond markets will be closed on Thursday for the Thanksgiving holiday. Both markets will be open for half a day on Friday. S&p Global will release its preliminary manufacturing and services PMIs for November on Friday, but market action is likely to remain subdued amid thin trading. Investors can keep an eye on the near-term direction of gold for new opportunities.Gold technical analysis: Gold last week, the mid-positive line closed higher, the short line started to recover some losses above 1931, and stopped the trend of correction. Daily line a wave of Yang counterattack again close to the previous high, after the high on Friday, there is a small retreat, the short term in the shock. In terms of the daily K-line structure, if the support position of the golden section point 0.382 will start the stability point, it is currently a momentum structure in the rising wave shape. As long as the market does not break 1932, it will gather momentum to promote the second wave. Break the height upward to further open the space. On the contrary, a drop below the 1932 day line will end the rising wave and take a broad adjustment. At present, it is slightly convergence, and it is gathering momentum in the finishing stage. The 4-hour chart takes the 1931 low point as the short-term bullish critical point, forming a small step shock rise, and is currently in the path of preparing for consolidation and correction. Unilateral lack of kinetic energy, long time finishing and then appropriate volume. Structurally speaking, it is rising, but the rhythm is slow and roundabout, combined with last Friday's detection and fall, the short line sawing slowly oscillating, the daily line may be a Yin and Yang cycle. In summary, today's gold short-term operation ideas suggest to rebound high altitude, back to the low as a supplement, above the short-term focus on 1980-1985 resistance, below the short-term focus on 1960-1955 support.
Trade active
GOLD 1992-1995 SELL tp1980-1975-1970 SL1999Trade active
1966-1991 Done Today you can sell gold in the 1992-1995 area Good luckTrade active
GOLD1994sell tp1980-1970 SL2000Trade active
It is clear that our signal is accurate at once, and gold has now fallen from 1994 to 1987Trade active
U.S. military officials: U.S. and coalition forces have been hit at Al-Asad Air Base in Iraq, causing minor injuries and damage to infrastructure. The United States responded in self-defense. This is the reason for the rapid rise in the gold price, but I personally still insist on my view that 2008 will not be broken, so selling is an opportunity, today we sold gold in 1994 and eventually fell to 1984 with very good profits, and then we just need to hold 2008 and continue to sell. Good luck to you allTrade active
Gold is in line with our judgment, they touched in 2007 after the rapid decline in the current price of 1997Trade active
"A perfect day, all our analysis was accurate and we have five weeks in a row of very good winsTrade active
Perfect day from now onTrade active
1995buy tp2005 sl 1990Trade active
The current buy order has started to profit and is currently quoted at 2000.5Trade active
2005Done 2005-1990 DoneTrade active
I said that 2007 would not be broken, today gold reached 2006 again giving us the opportunity to sell, and our 1995 buy order target is 2005, and that's what you see, the accurate judgment of the priceTrade active
Today we bought gold in 1995 and set the target for 2005, and then continued to sell gold in 2005 and hit a minimum of 1989 and once again we had a huge win, if you continued to sell below 2007 as I told you, then your account made at least a 100% gain in these daysTrade active
Today we bought gold in 1995 and set the target for 2005, and then continued to sell gold in 2005 and hit a minimum of 1989 and once again we had a huge win, if you continued to sell below 2007 as I told you, then your account made at least a 100% gain in these daysTrade active
A beautiful day is about to beginTrade active
Baptina can be sold in the 1998-2005 range, the target 1978-1975Trade active
2016-2018 sell tp2002-2005 sl2023Trade active
2016-2005 DoneTrade active
2016-2018 sell tp2002-2005 sl2023Trade active
On Tuesday, gold slightly stepped back 2011.5 did not break the United States to pull up to 2042.8 Dayang line, today's gold opening continued to pull up to 2051.8 back down, now gold multi-indicator overbought adjustment demand, if not on 2043-2048 gold at night to see the shock back step high short, below 2028-2020 attention; If the gold on broken 2048 chase more 2060-2065;Focus point:
(1) Consider shorting near 2043-2048, and focus on 2028-2020; If 2048 is broken, consider chasing 2065;
(2) Step back near 2020 to consider doing more, and focus on 2028;
Trade active
2048-2040 DoneTrade active
2045-2033doneTrade active
2043-2045sell tp2032-2028 sl2051Trade active
It's the end of the week and I want to give you a good luck with your money2047-2050sell tp2035-2030-2025 sl2055
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.