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Goldfutures

A Profitable Gold Trading Strategy Gold has reached the TP line near 1986 today, and long positions around 1975 have gained a complete victory! Currently, the candlestick is oscillating near 1978, with a small support at 1974 below, followed by 1963. A simple breakthrough provides an opportunity for us to go long, but if the body falls below, the nature changes and the support becomes resistance, making it difficult for bulls to achieve higher targets. The area near 1974 is currently the key focus. As long as it doesn't break, the bulls remain in a strong position. If it quickly falls below, it also provides an opportunity for a rebound. In the case of a slow decline, it is difficult to quickly determine the direction. The short opportunity point is near 1994-2000, and the long opportunity point is near 1963-1966. Both positions provide highly profitable opportunities once reached. For the 1974-1986 range, as long as it doesn't break through unidirectionally, the trading strategy is still buying low and selling high. If you are trading gold, crude oil, bitcoin, and forex, please follow me and become my friend. I will provide you with the most suitable trading strategies from the most professional perspective!
FOREXCOM:XAUUSD
by EagleEyeStrategy
Gold: short, target 1920 Gold fluctuated in the box today, and the volatility was significantly lower than last week and the beginning of this week. At present, it is the digestion stage after the sharp drop. If it can rise and break through the box, there is a high probability that it can touch the resistance near 1957-1961. However, judging from the current situation, the possibility of a breakthrough is unlikely, but the probability of falling below the 1933 support level of the box is relatively high. Therefore, in terms of trading strategy, I think shorting gold has a higher probability of profit. If you have sufficient funds, you can set the targets at 1928, 1923, and 1915 respectively.
FXOPEN:XAUUSDShort
by triumphing
How should we judge the market today?Dear partners, yesterday the first and second stages of long positions in gold were all closed with profit taking. For those holding long-term positions, please exercise caution in managing your capital and take profits as appropriate. Short-term trading should be the focus for individual investors. Only the profits in your pocket are truly yours. As for today's analysis of the gold trend, the important points to note will be updated in the post later. You can click the "rocket" icon in advance to follow us to avoid getting lost. Though the investment journey may be tough, we will walk this path together! Let's go!
FXOPEN:XAUUSD
by StarVenus-
1
Gold demand reached an 11-year high in 2022On 13th January 2023, we reiterated our belief that the stock market was going through another bear market rally. Furthermore, we warned investors about the price deviating too far from its moving averages and the characteristic behavior of gold, which lies in it rising rapidly and then dropping quickly as well. Following the FOMC, the price of gold fell by more than $95, which translates to approximately 5% within only two trading sessions. Despite that, we remain bullish on gold in the long term. However, we remain worried as trend reversal in the stock market and more selling pressure can act as headwinds for gold, putting a temporary lid on the price in the short term. Due to that, we will pay close attention to Jerome Powell’s speech today and gold’s price action accompanying it. 2022 gold market in hindsight According to World Gold Council, gold demand (excluding OTC) reached an 11-year high in 2022, jumping by 18% to 4 741 tonnes. Investment demand grew by 10%, while demand for bullion increased by 2%. On the other hand, jewelry consumption dropped by 3%, and demand for gold in technology plummeted by 7% due to an economic slowdown. Interestingly, in 2022, central banks were a significant driver of higher gold prices, with a series of large purchases in Q3 and Q4. As for the global supply, it grew by 2% to 4 755 tonnes. Illustration 1.01 Illustration 1.01 displays the daily chart of XAUUSD. The yellow arrow points to the last rate hike by the Federal Reserve’s FOMC, which preceded the price drop. Technical analysis Daily = Bearish Weekly = Neutral/Slightly bearish Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSD
by Tradersweekly
9
XAUUSD Rising Wedge inside Channel UpFierce battle on the XAUUSD market with Gold trading on a Rising Wedge short-term inside a Channel Up long-term. The price is firmly supported by the 4hour MA50 for exactly 30 days and this indicates a strong uptrend. You can scalp the Rising Wedge's range and add to your intra day profit. If broken upwards, the minimum rally this Channel Up has achieved on a bullish leg is +2.75% and that puts the upside target at 1793. Equally on the downside, if the 4hour MA50 gets crossed, the minimum fall we can get is the bottom of the Channel Up, where the 4hour MA100 is waiting. Follow us, like the idea and leave a comment below!!
OANDA:XAUUSD
by TheCryptagon
2
XAUUSD Channel Up after Channel UpThe largely overbought 1D technical state of Gold (RSI = 72.715, MACD = 33.680, ADX = 69.728) leaves the price unaffected as it continues to rise having formed a new 'January' Channel Up, following that of December. Every Low to High has been so far +3.19% and as such we are long aiming at 1,955. If the Channel Up breaks to the downside, we will short below the 4H MA50 and target the Support at 1,870. The 4H MA100 that offered support during the December Channel Up is the next sell level, if breached, we will target 1,840 expecting a contact with the 4H MA200. The last Support is at 1,823, potentially the long term zone for the next group of buyers as this is where the 1D MA50 is headed to. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
FX_IDC:XAUUSDLong
by InvestingScope
5
GOLD is Parabolic but about to break down soonXAUUSD has been trading inside a Parabolic Channel for 2 months. Such patterns technically end with a break down of the formation and pull backs to lower MA periods and Fibonacci levels. The parabolic state of Gold is evident on the overbought technicals both on the 1D and 4H time-frames (4H RSI = 72.910, MACD = 14.330, ADX = 59.897). The 4H RSI in particular shows clear exhaustion technically. At the moment the 4H MA50 is rising almost parrallel to the bottom of the Parabola. A crossing below it targets the 0.382, where the first (short-term) buyers can be found. The 0.5 Fibonacci is a strong Support candidate since it has been a Resistance level three times and Support two times and is very likely to make contact with the 4H MA200 and 1D MA50 there. If the fall is more aggressive contact with the 1D MA50 could be made on the 0.618 Fibonacci, which is the golden ratio and strong medium/ long-term buying accumulation should be witnessed. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
FX_IDC:XAUUSDShort
by InvestingScope
5
XAUUSD: 1D Golden Cross happened but important Resistance above.Gold formed today the first 1D Golden Cross since February 10th 2022, which led to the Ukraine/Russia war top. Based on the structre though (1D RSI = 67.910, MACD = 26.210, ADX = 46.359), it looks more similar to the Golden Cross of June 23rd 2021, which was also formed on a strong rally following a 240 day Bear Market. During that past Golden Cross, the market was rejected just a few days before the formation on the 0.618 Fibonacci level and turned sideways for a long period of time until the war. Both led to the 0.618 within a Channel Up. At the moment the 0.618 Fib is at 1,898 and until it breaks, we shouldn't be very optimistic about today's Golden Cross, which is otherwise a bullish pattern. If the 0.618 Fib breaks, we expect the Channel Up to target the next Fib level of 0.786 (1,974). If rejected and the price breaches below the Channel Down, the technical support is the 1D MA50 (blue) and the 0.236 Fib, which is where the 2021 pattern found the first support, is at 1,723. It is important to also mention the 1D RSI pattern during that Channel Up, which is a Channel Down, i.e. a strong Bearish Divergence. The structure is so far supported by a Higher Lows formation started on the September 23rd Low. Hence breaking below can be the first sign of a pull back. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
FX_IDC:XAUUSD
by InvestingScope
Gold to shine in 2023?After beating Bitcoin in 2022, many investors wonder whether 2023 is the time for gold to shine. Last year, central banks accumulated 663 tonnes of physical gold in the first three quarters, making it one of the biggest buying sprees among central bankers (even with no data available for Q4 yet). Overall, the gold market experienced a relatively good year compared to the rest of the market, which saw significant declines across the board. Furthermore, the stock market's uncertainty and the prospect of a recession in 2023 helped to drive gold demand substantially higher from the preceding year (2021). As a result, we continue to be bullish on gold. However, we are worried that if the stock market starts selling again, it might put a temporary lid on the price of XAUUSD. In addition to that, large holdings by central banks give them the firepower needed to dampen price increases if necessary. Due to that, we will stay cautious and observe market developments very closely in the coming months. We will be vigilant around FOMC meetings which are planned for the following dates in 2023: January 31 - February 1 March 21 - March 22* May 2 - May 3 June 13 - June 14* July 25 - July 26 September 19 - September 20* October 31 - November 1 December 12 - December 13* (*monetary policy decision) Illustration 1.01 Interestingly, in November 2022, gold returned to the wide range that it constituted in 2021 (and stayed within for the most part of that same year). Then today, it broke above it, which is bullish. We will watch the gold’s ability to hold above the range's upper bound. If gold manages to hold above this level, it will bolster the bullish case for it. Technical analysis Daily = Neutral/Slightly bullish Weekly = Bullish Illustration 1.02 Illustration 1.02 shows the daily chart of gold’s RSI. To further support a bullish thesis, we would like to see the RSI resume a rise and break above 70 points. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
OANDA:XAUUSDLong
by Tradersweekly
20
Long Term analysis of XAUUSD, Seems to have last cycle left Long term movement of XAUUSD as its last wave cycle of seems to be start soon and we can face prices around 6K to 7K for over 10 years later!!! Not so great move but still about 5 times growth investment is not so bad, but more important thing than investing money in GOLD for about 10 years and counting its beneficial statement, It is about how economical parameters need to change over a decade in future!!! Seems its time to fasten our seat belts!!!
OANDA:XAUUSDLong
by AtareumFX
4