XAUUSD: May 29-June 2 Trading Signals
Updated
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Hello, traders! I love gold! Trading it made me a huge profit!
In the past week, gold 1985 was not successfully broken. We traded a large number of gold short positions according to the plan and made high profits. This is a very pleasant thing!
Now, follow me as we make beautiful plans for our deals this week!
This week, there are a lot of data to be released, three of which are very important, May ADP (Thursday), May unemployment rate (Friday), May NFP (Friday), these three are very important for gold , is a data with a super impact. In addition, there will be weekly unemployment data on Thursday. These two days are the focus of our trading, please be sure to grasp it!
Judging from the data released in May, I think these two heavyweight data are more likely to be negative for gold. This is my judgment based on the analysis and comparison of some data released in May.
In terms of technical form, the 1D chart has not yet formed a bottom form. Judging from the past rise to 2070 and the next trend, it is still very difficult to truly complete the trend reversal now.
If there is news, it will become simple, but this week's news, I think it may be very beneficial to the gold bears, so I ruled out this option. Of course, this is not 100% sure. If my judgment is wrong, then It will be back above 2000 and if I am correct it will drop below 1900 this week.
In the 4h chart, its shape is very similar to M top (double top), and the resistance of 1985 has been confirmed. The current resistance is 1956, and the support is 1933, 1911, and 1899.
Because of the judgment of the news and the shape of the 1D chart, my trading point of view is to short, with the target below 1900. Judging from the current trend, the sharp decline will appear on Thursday and Friday, and the news will be used to complete it.
Trading Signals:
buy:1888-1912
tp:1926-1934
sl:1882
sell: 1956-1985
tp:1933-1890
sl:1989
Hello, traders! I love gold! Trading it made me a huge profit!
In the past week, gold 1985 was not successfully broken. We traded a large number of gold short positions according to the plan and made high profits. This is a very pleasant thing!
Now, follow me as we make beautiful plans for our deals this week!
This week, there are a lot of data to be released, three of which are very important, May ADP (Thursday), May unemployment rate (Friday), May NFP (Friday), these three are very important for gold , is a data with a super impact. In addition, there will be weekly unemployment data on Thursday. These two days are the focus of our trading, please be sure to grasp it!
Judging from the data released in May, I think these two heavyweight data are more likely to be negative for gold. This is my judgment based on the analysis and comparison of some data released in May.
In terms of technical form, the 1D chart has not yet formed a bottom form. Judging from the past rise to 2070 and the next trend, it is still very difficult to truly complete the trend reversal now.
If there is news, it will become simple, but this week's news, I think it may be very beneficial to the gold bears, so I ruled out this option. Of course, this is not 100% sure. If my judgment is wrong, then It will be back above 2000 and if I am correct it will drop below 1900 this week.
In the 4h chart, its shape is very similar to M top (double top), and the resistance of 1985 has been confirmed. The current resistance is 1956, and the support is 1933, 1911, and 1899.
Because of the judgment of the news and the shape of the 1D chart, my trading point of view is to short, with the target below 1900. Judging from the current trend, the sharp decline will appear on Thursday and Friday, and the news will be used to complete it.
Trading Signals:
buy:1888-1912
tp:1926-1934
sl:1882
sell: 1956-1985
tp:1933-1890
sl:1989
Trade active
30m chart, in short position, support 1940, resistance 1949, I hold a short orderTrade active
Go long today, short resistanceTrade active
it will drop below 1940Trade active
TPTrade active
SELLTrade active
TPTrade active
keep shortingTrade active
tpTrade active
Guys, we have successfully made profits. Trading is suspended today. I have an appointment with a friend. When I come back, we will resume trading during the US market.
If you still want to do it now, you can continue to short it, it has support at 1928, you can go long here, and close it in time if you make a profit, because it is now a short trend, long trading is not suitable for too long, the resistance is 1939. You can continue to short if it rebounds to nearby.
Trade active
Guys I'm back and I'll be shortTrade active
15m chart, it looks like a head and shoulders topTrade active
The 15m chart pattern is invalid, it wants to break through 1963, go longTrade active
close long, shortTrade active
close shortTrade active
If 1963 cannot be broken again, I will continue to be shortTrade active
It's falling, I'll get back what I lostTrade active
it will fall quicklyTrade active
God, it's so slow, I feel like I'm falling asleep watching itTrade active
Looks like we'll have to wait for tomorrow, good night guys!Trade active
good morning guysTrade active
In the 30m chart pattern, it is now near the resistance level, but the MACD is about to form a golden cross, and the possibility of an upward breakthrough is very high, so now, we need to be long goldTrade active
We made money, now you can choose to close all orders, or close some, and leave some to wait for 1968Trade active
Guys, are all your long orders closed? I just had a good meal and realized it was back where we startedTrade active
On the 30m chart, the golden cross has ended, and now it has formed a dead cross, which can be shortedTrade active
I'm going to leave for a while, its support is at 1954, it can be closed after shorting to make money, if it falls below 1954, you can continue to short, the target is 1948-1940Trade active
It rebounded around 1954 and tested the support for the first time. It is still valid at present, and the resistance is 1963. If it can't be broken, you can continue to shortTrade active
Guys, I watched the pattern of DXY and saw that it should be lowering soon, we can go long goldTrade active
Guys, DXY is falling, but gold is not going up. It can be seen that the upper resistance is still strong. Let's wait. If it can't rise after 15m, we will close the orderTrade active
The resistance is too strong, it can't go up, I close the order and continue to shortTrade active
This damn market, guys, open long positionsTrade active
Close long positions, add short positions,Trade active
close orderTrade active
Today's transaction made me feel very uncomfortable, too passive
How are you guys?
Trade active
1963 is now the support, the MACD on the 15m chart is about to die, and the MACD on the DXY30m chart shows signs of a golden cross again. Comprehensively judged, gold is likely to test the support of 1963, so the transaction should be short nowTrade active
Guys it's going down, 15m chart dead fork has formed, 30m and 1h still need time, 1963 is a very important positionTrade active
Guys, I think that 1963 may be broken, and its shape is very beneficial to the short, so if you are still trading, please pay attention, do less long and more short, so you can avoid a lot of risksTrade active
Good morning guys, let's start trading todaysell
Trade active
Guys, the shorts are making profits for us, we'll close it in 1958Trade active
Guys, my parents came to visit me, I'm going to go out with them now, can't stare at the market anymore, you can choose to close the order now and continue trading when I come back, or set TP1958, SL1962, for your orderIn this way, even if the market changes, profits will not be lost
Trade active
Guys, I'm back, today's data is not good, the market fluctuates little, I'm ready to shortTrade active
Bulls are a bit strong, go long first, then short laterTrade active
tpTrade active
keep going longTrade active
tpTrade active
sellTrade active
tpTrade active
buyTrade active
tpTrade active
sellTrade active
tpTrade active
sellTrade active
Guys I was away for a while and missed the closeout point of 71, hope you all closed your orders in time and didn't lose moneyTrade active
Guys, I traded short gold in 1972, and I still hold it now. Judging from today's data, the probability of NFP being negative for gold tomorrow is very high. I plan to continue holding it and wait for tomorrow. The current technical resistance is at 1985.The MACD on the 15m chart shows signs of a dead fork, and the 30m KDJ has formed a dead fork. The support is about 1973-1966. If the market returns here, you can try to do more.
The MACD on the 1W chart has formed a dead cross, but the MACD on the 1D chart has signs of a golden cross. The important resistance is 1985-1991. Whether it returns to 2000 or falls below 1900, tomorrow is the critical time.
Trade active
Tomorrow I will accompany my parents to visit their friends, so today's transaction ends here, and we will continue tomorrow evening! good night guys
Trade active
I’m back, I’ll announce the NFP immediately, I’m short, set a stop loss of $5, if the data is bullish for gold, we’ll go long depending on the situationTrade active
Our shorts took a profitTrade active
tpTrade active
I'm still tradingTrade active
Guys, I'm wrapping up my trades for the day and going out for a few drinks with my friends. Gold has done us some great profit this week. Have a great weekend, let's spend time with our families, I love you guys!Trade closed: target reached
The MACD on the 4h chart is about to form a dead cross. It is expected that the market will fall again. If you are still trading, go short, buddy
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