XAUUSD: 4/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2716
Four-hour resistance 2800, support below 2762-16
Gold operation suggestions: Last Friday night, under the influence of a small positive, non-agricultural data quickly reached the 2762 mark and was suppressed and fell back and fluctuated downward, closing below the previous low.
From the current 4-hour technical perspective, today's upper resistance is around 2758-63. The intraday rebound relies on this position to continue to look down and fall. The short-term support below is around 2722-2728. The daily level support is 2716. The strong unilateral bulls have come to an end temporarily. Today, the long and short range oscillation trading is maintained, and the key points are patiently waiting for entry. After all, before the US election, the market is viewed as a range fluctuation, and the focus is on the US election tomorrow!
BUY:2717near SL:2714
BUY:2727near SL:2724
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
#glod
XAUUSD: 24/7 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2483, support below 2400-2350
Four-hour resistance 2429, support below 2409-00
Gold operation suggestions: Gold fell and then rose yesterday, ushering in a deep V rebound. The price in the Asian and European sessions was suppressed below the 2403 mark and showed a weak downward decline. It fell back and pierced through the 2390 mark to reach around 2388 and stabilized and rebounded. Near the US session, the gold price accelerated and pierced through the 2411 mark, and began to fluctuate and consolidate.
The overall price further showed a support and stabilization pattern at the 2380 mark. In the short term, the gold price is likely to continue to trade time for space and continue the rhythm of long and short fluctuations. Today, the upper pressure is around 2420-29, and the lower support is around 2390-92. Sell high and buy low in this range during the day
SELL: 2429near SL: 2433
SELL: 2420near SL: 2425
BUY: 2390near SL: 2387
Technical analysis only provides trading direction!
2023.7.12 USD is about to reverse! The pound has surged!2023.7.12 USD is about to reverse! The pound has surged!
USD is about to reverse! The pound has surged, and US crude oil is pressing for positions!
Hello, I'm Older Duan. Today is Wednesday, July 12th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index shows a continuous release of short momentum, with the strongest support at the opening price of 101.43 on May 11, 2023!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been suppressed by daily level 144MA (1939.21 US dollars) for two consecutive trading days! Then, we can continue to use this position as an important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil rose sharply yesterday and closed close to its highest point, with a high probability of rising and falling today! Then, in the following days today, the daily line level of 165MA ($74.85) will be taken as an important Bitwise operation in the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro has already broken through its highest point last month against the US dollar, and is also at the bottom against the gold split's 2.618 level (1.10115). The latest pressure level above is at the opening price of April 14, 2023 (1.10512)! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Above these two positions, bulls dominate; Under these two positions, bears dominate; In between these two positions is the oscillating train of thought!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound continues to break through against the US dollar and is about to hit its lowest point in April 2022 (1.29726)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Wednesday, and tonight there will be five star data CPI, four star data Canada interest rate resolution, and EIA. Please be aware of the risks!
Im Older Duan. Wish you happy win . Goodbye!
gold, Buy view on this week's low unchangedgold, the outlook for the European session remains unchanged. The viewpoint for buying at this week's low remains the same.
In terms of gold, yesterday's price movement was not significant due to the Memorial Day holiday in the US market. The daily chart formed another small bullish candlestick, still within the price range of Friday. There are two interpretations for this pattern:
The smaller pattern is still enveloped within the previous day's small bullish candlestick, which can be disregarded.
In a continuous downtrend, the stronger the support and the larger the bullish candlestick without any significant pullback, the weaker the signal.
Therefore, in terms of momentum, there is still potential for further downside continuation in this pattern. Yesterday, I also emphasized the levels to watch for retracement on the weekly chart and the points for medium-term positioning:
In terms of price range, the previous drop from 1960 to 1805 was a decline of $155. To satisfy a safe margin, any correction should be greater than $155, which means it should be below 1925, calculated from 2080.
In terms of time correction, if the correction price does not reach the range, time can also be considered. For example, from 1960 to 1805, there was a difference of 26 trading days. If we calculate from 2080, May 4th, using the same 26-day difference, it would roughly fall around Tuesday or Wednesday.
Therefore, for medium-term buying, it is crucial to stay within the safe margin of time and price. The key is to control position size and entry temperament, and not to miss out just because the pattern appears weak when the price reaches the desired level.
Of course, in yesterday's market with the US session closed, there aren't many technical points to discuss. However, there is one aspect: the retracement in the US session. Although the magnitude was not significant, the pattern and timing indicate a rebound followed by a decline in the US session.
As for today, since the price is still within yesterday's range without much change, the outlook remains largely the same as yesterday.
In terms of trading strategies:
Currently, stay out of the market.
If staying out of the market, there are still two options. One is to wait for a break of the intraday low and sell on a rebound in the US session, focusing on the cyclic patterns in the US session. The other option is to observe the European session for a decline. If the European session breaks the resistance and shows strength, buy before the US session.
Gold back to 1930 or rebound, the medium-term decline 1867 unchaThe early break fluctuations are very small, yesterday as expected to reach the debt ceiling, which says both borrowing money pretending to be a variety of show, in fact, the ultimate goal is to borrow money, and then use the borrowed money, again harvesting global wealth week after week is not too much fun! The previous period as shown in the chart technical tips to do more signals appear desperate to be born, then the double bottom 100.50 area taking shape, breakthrough 103.5 again test 106 area, which is also the last rally pressure area, this week's data not much market again focus on mid-June Fed rate meeting. In fact, these news are stirring market volatility pseudo-proposition, what bank bankruptcy, recession, debt ceiling, the Fed meeting, or now this crisis, that turmoil, and even the Ukraine crisis, in fact, the ultimate purpose is to market chaos up, while the dollar back to take over the economic soft landing, and then is ready to plunder global wealth, to achieve continued hegemony over the world, see that direction slightly stronger than, is All kinds of group beatings to suppress. This is the dollar as a settlement and reserve currency privilege, defying economic and financial sanctions, or aircraft carriers in your backyard to show muscles. So that the current Fed is still hiking and tapering cycle, while the dollar settlement reserve currency status has not changed, then temporarily the first half of the dollar is still bullish, or in a relatively strong region oscillation, only in the second half of October or so, everything is gradually revealed, the late in is 24 years of elections, then the dollar change is the probability, because the interest rate hike so high. World wealth 2 years is also almost all kinds of looting completed, then high interest rates can not last too long, the late easing to follow the market is also probable, so the current dollar is still falling back to continue to do more, after a continuous daily upsurge, has been four consecutive sun no need to chase more, the current pressure concentration 105 area, support up 103.5 position, that is to say, back test 103.5 continue to buy! At the same time the debt ceiling this pseudo-proposition in fact insiders have long known, which is also the recent strong rise in the dollar and rice stock reason, do not rule out the news of more than cash after the inertia of the high no sustained momentum, take the opportunity to start adjusting the horizontal, and so mid-June interest rate meeting to choose the direction!
Yesterday gold around 1940 to 1950 region fluctuations are very small, while the early break more than short did not break the balance, continue to regional oscillation, today the focus of attention 1930 regional rebound strength, low horizontal too long, if not quickly break 1930 region, the technology to have a rebound test pressure needs. Today, if the stabilization of the 1950 position, then it is to participate in more gaming rebound cycle open. The debt ceiling as expected, gold inertia low opening a few dollars again rebound, that this short market has long been expected, which is also 2080 all the way down to 1936 shock reason adjustment 150 U.S. dollars range, basically from the strength and magnitude of the first wave down basically completed, but our medium-term goal 1865 region unchanged. At present, gold with the weekly 1930 to the monthly 1920 area or rebound, but strong support are clear deal dense area support in 1860 position, which is also the starting point of the March bankruptcy collapse hedge high pull up, after the news from where to where to go gold as shown continue to oscillate down, as shown since 2065 forecast down test 1867 basic in line with the expected trend, perhaps a few weeks ago I would say Medium-term empty back down 200 U.S. dollars, many people do not believe, and even say you counter-trend trading, are looking at a breakthrough to new highs 2100 or even 2500 and 5000 and said all the sea vows, the results are now 1936 region down 140 U.S. dollars range, the daily weekly and monthly are short-term short control plate, intra-day pressure down 1965 region, I have more than once stressed that there is nothing wrong with looking at more gold, but Must be fully adjusted after the fall and then say moving bankruptcy hedge, debt ceiling hedge, the Fed rate hike pause, the Ukraine crisis, in fact, these are not news, bankruptcy people stock index new highs, the stock index did not flash crash, which is with the bank thing deliberately pull up to induce more, debt ceiling hedge, you see borrowing money from the dollar every day, the fundamental data is also steadily upward, the economy did not recession hard landing, the global dollar to pick up. The global dollar to pick up the plate is nothing more than for the 24-year elections to prepare, the two sides deliberately every day in the talk, every day weekend without rest stay up late to talk, in fact, inside are non-stop say, look immediately that group of fools is busy borrowing money, in there is the Fed rate hike suspended, this news since November last year we are prompted, 75 basis points in a row to raise interest rates four times, has set a record, then this year's rate hike magnitude and strength, certainly Can not be the same as last year, are more than 5% interest rates, how much more do you want? Warren Buffett's annual return of 10% are stable cattle, you lie in the bank win are 5% more terrible, so suspend the rate hike magnitude let this rate hike lag inflation data slowly adapt, so the back even if there is 25 basis points hike, compared to 75 basis points gross, so since last November gold 1620 all the way up, are experiencing a pause in interest rate hikes, behind the bankruptcy, debt crisis, and is in high broadband oscillation, if No such news, how gold rose, as for the Ukraine crisis are a year and a half, people are used to it, this crisis oil can not be long-term on 100, gold and how to hedge, so finally you slowly Pin finished a look, the original are with the news handing out chips only and gold high wide oscillation, there is no stable income, is not safe, at least in the continuous rise of 400 U.S. dollars later, back down 50% that is $200 adjustment, you are going to enter the market in order to enter and exit freely, do not change the three views of the day fluctuations, the lack of long-term pattern of analysis is to chase the rise and fall, and ultimately are disappearing market, the current fall of $140 range, perhaps there are people in the medium-term more, when the market is said to trend empty, no one in the medium-term more, before there is a real reversal! Only for those who have a destiny! Comprehensive operation ideas are as follows:
Pressure: 1965 ----1990 Support: 1930 --- 1900
Important thing to say three times, after a continuous plunge should not chase short, familiar with the rhythm, familiar with the taste. Since more or less the current 1930 to 1965 area oscillation, then temporarily or more short high throw low suction, of course, the trend of the current short-term adjustment 1867 target remains unchanged, then the rebound pressure to do short mainly, support to participate in the technical rebound opportunistic entry as a supplement! Concerned about the strength of the rebound today, a solid rebound encountered 1960 to 1965 region continue to do short stop loss 1970 target are 1930 to 1915 to 1865 region, of course this may not necessarily to, then if the weak rebound aggressive 1955 to 1960 region empty 1963 loss target the same, adhere to the rebound later in the short ultimate goal are back to fill the gap 1867 road! If the rebound does not give us entry, that is, there is a low rebound 8 to 12 U.S. dollars into the empty can, such as down to 1920 then rebound 8 to 12 U.S. dollars is 1928 to 1932 entry can 1938 loss! At the same time the plate if a strong breakthrough of 1950 region, then it is to begin to fall back to participate in more than loss with 1935 region gaming rebound a few days market. After all, the dollar rose for five days in a row, what good is early cash! Break 1930 open down space to 1900 region or even say goodbye to 1900 era
Gold: the possibility of an extension of the declineGold closed lower in the negative line yesterday, above the test neckline resistance position 1984 but failed to break through, the end of the session under pressure to fall back to close under 1960, the daily closing in the negative K line, back to the low oscillation contention.
From a daily perspective, the negative line will be the previous day's cross small positive K-line pattern of the rebound space all back and recovered the low, the daily line still shows weakness, while yesterday stressed the 1984-86 resistance position up after the failure to effectively break through, the short term rebound is not strong enough to return to the downward trend.
Technical:
1, engulfing the negative, the price continues to return to the line of the previous lows, which means the probability of breaking the bottom is high.
2, but today there is a point, 1955-50 this position is today a very critical position, from the k-line pattern, the current h1 hourly line to form a triple bottom area. But again from the momentum to see the strength of the decline is very strong, the market sentiment of weakness has now become a fact. So this location of the interval is recommended not to do any trading, this location of the transaction is very high risk, especially in the Asian market and the European market, up or down probability of 50% each.
The point to note is: must be active in the market, and then look for k-line patterns as well as retracement of the position to trade.
Also look at yesterday's technical points:
1, the highest daily closing, T-shaped, looks very strong, but the overall trend is weak, in this trend, must take advantage of the European strength and weakness, the European market does not break high, the U.S. market down probability is very high, the skills of this method is generally have coherent learning.
2, and yesterday at the end of the European market, the front of the U.S. market time point up, then the U.S. market must be a high fall (first up, then down).
3, the watershed pre-high, the formation of a double top suppression retracement, and the establishment of the point of decline in the broken intra-day low of 1966, the law of the watershed, that is, the rise does not break the top (rise can not effectively break through the previous resistance position), the high fall back to break the bottom (after the rise began to fall, and break the previous low position), then it is necessary to take the continuation.
And the U.S. continuous decline, engulfing the negative, and closed without a reversal, then today's continuation of yesterday's decline is more likely.
But then there is a point that needs to be noted:
Often Thursday, Friday's time is prone to black swans, so at this point in time we need to be wary of the market first to a substantial decline, and then in a substantial rise, out of the V-shaped k-line pattern.
A few points to note today:
1, the upper resistance position 1966 is the current position of the lifeline.
2, the current bottom of the triple bottom is still not broken.
3, pay attention to whether today can accumulate force to fall below the 1953-1950 lows to further open the downside, from the daily and 4-hour probe high to close the low method of action, the short-term potential to break the low signs.
Then the key position today:
Resistance position: 1966-1971
Support position: 1945-1933
BTCUSDT 4H TA : 2022-03-02 New Update Once again, Bitcoin has reacted to the significant resistance range in OB, which in case of failure fails to increase the probability of falling to the range of 42,500 to 40,000. However, if the important resistance range is broken, an uptrend will be formed.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
BTCUSDT 1H TA : Bearish OR BullishAccording to the bitcoin chart, it is located in the triangle pattern, which is stronger if the trend line breaks downwards. The second scenario is if the price moves towards OB and successfully breaks the price resistance, it will succeed in creating an uptrend.
The analysis will be updated if scenarios are created.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark