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Trading strategy before Nonfarm news on April 5World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning. World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will conduct further easing. loose monetary policy this year. According to TD Securities commodity strategist Bart Melek, market expectations increased after the Fed Chairman's recent speech. Accordingly, Mr. Jerome Powell agreed that lower policy rates would be appropriate “at some point this year.” He and other Fed officials also emphasized that more economic data is needed before making a decision to loosen monetary policy, a move that financial markets expect will take place in September. 6. According to market analyst Carlo Alberto De Casa of Kinesis Money, strong demand from Asian markets, especially from China and solid demand from central banks, geopolitical risks and expectations surrounding interest rate cuts by central banks are factors that have fueled the rise of gold in recent times. Strong central bank buying and solid safe-haven capital flows amid growing geopolitical tensions have boosted demand for gold, up more than 25% since October.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD-Strong Now the market is not only hyping the expectation of the Federal Reserve to cut interest rates, but also hyping the risk-averse impact of the escalating geopolitical situation. There is also a crazy influx of bull buying. Anyway, it is various factors that drive the rise of gold. The ADP data released by the United States on Wednesday was negative for gold and had little impact. On the contrary, the US ISM service industry PMI data was released. The US dollar fell sharply and gold surged again. It is not normal for such non-key data to increase the impact on the market. In fact, it also shows the market's The mood is unstable. On Thursday, we will focus on the unemployment benefits data released by the Federal Reserve. On Friday, we will focus on the non-farm data. The latest inflation data will be released next week. The absolute upward trend of gold is a step up every day, and the support points below are dense. However, the market has a certain pattern this week. The Asian market generally either rises strongly or fluctuates. Trading must not chase the rise, and wait for the pullback support points to buy. , the lower support point is near the 4H period unilateral moving average support 2285 or the daily unilateral moving average support 2272 Gold has risen a lot. Under the rising trend, we can only follow the trend, but we also need to pay attention to the risks. Again, we remind you to use small lots. The focus of the U.S. market is on the unemployment benefits data. Wednesday's ADP data is negative for gold, but it does not actually have much impact. The unemployment benefits data is expected to have little impact. However, it is worth noting that the super divergence of the 4H cycle is now more obvious, and the overbought indicator is obvious. , there may be room for a big drop tonight with the help of data, and in terms of market sentiment, buying orders below 2300 also have the idea of taking profits. A big drop is also normal. We should be cautious about the temporary extreme strength. Join me, trade with me and improve your success rate
FX:XAUUSD
by UnknownUnicorn68604160
WILL XAUUSD REBOUND FROM 2300 ? 💼✨Embark on a Golden Odyssey! 💫💎✨ 🔥 Attention, savvy traders! Prepare to plunge into the radiant realm of GOLD! 💫 With XAUUSD taking center stage, let's navigate the twists and turns of this captivating market. 💰📈 🌐 As the golden bull charges ahead, shattering records like never before, it's crucial to remain alert amidst the whirlwind of opportunities. 📊💥 But fret not! Within the narrow confines of 2302.50 to 2294.50 lies both caution and potential. 🚀🔒 🔮 Peer into the crystal ball, and you'll catch a glimpse of the potential for an exhilarating downward correction. Yet, in this dance of fortunes, lies the essence of trading wizardry! 🌈✨ 📈 Envision this: A daring breach above the range could ignite a frenzy of buying, propelling us to the lofty peaks of 2310.50 . Conversely, if we descend below, seize the opportunity to sell and gracefully ride the waves down to 2287 and 2275. 📉🚀 🤓 Your journey through this analysis isn't just informative; it's actionable! 🚀 Let your support amplify these vibes, and remember, trade smart, trade safe. 💡✅ ✌️ Until we meet again, may your trades be bountiful and your path adorned with triumph! 🌍💫💰
OANDA:XAUUSDShort
by nathimafxreal
Continue to conquer new recordsWorld gold prices continued to increase sharply with spot gold increasing by 29.9 USD to 2,281 USD/ounce. Gold futures last traded at $2,302.10 an ounce, up $29.50 from the bright spot. World yellow metal prices continued to conquer new records on April 2 (US time) thanks to being supplied by safe-haven demand amid increasing tensions in the Middle East. The gold market has sparked the strength of the USD and expectations of cutting US interest rates and continuously conquering new records. TD Securities commodity strategist Daniel Ghali said that gold received support from safe-haven demand due to concerns related to the Israeli attack on the Iranian Embassy in Damascus, Syria earlier this week. On that side, experts also believe that strong demand from retail investors and central banks around the world is also a factor that helps prolong the growth of this precious metal. The combination of factors has helped the price of gold increase nearly 10% from the beginning of the year until now. The dollar jumped after data released earlier this week showed US manufacturing posted growth for the first time in 1.5 years in March. After the report, traders reduced their bets. bet on the possibility that the US Federal Reserve (Fed) will loosen monetary policy in June to 58% from about 60% previously. This would normally put pressure on non-coupon bullion prices. However, the price of this precious metal is still "galloping" and breaking many new highs in just 2 days.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD-How much further can gold rise? Key data for the week will be released starting today. Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half. After the data was released, the probability of an interest rate cut in June dropped to 58% from about 60% previously. However, Fed officials’ speeches on Tuesday and The modest slowdown in employment data has slightly raised expectations for a rate cut by the Federal Reserve in June to around 64%. Today will usher in the US March ADP employment change data and the US March ISM non-manufacturing PMI data, which everyone needs to pay attention to. Yesterday, gold once again broke through a new high and reached around 2288. It is an absolute upward trend. The technical support points are around 2265 and 2250. You can wait to buy near these two support points. However, the impact of ADP employment data today may also change the strong rise. According to the view, if it falls below 2245, it can also form a high divergence in the H4 cycle, and it is also possible to fall to 2230. The upper resistance is near 2295. Because gold has risen too much, there will definitely be an adjustment. Use small lots. Join me, follow my strategies for trading, and increase your success rate
FX:XAUUSD
by UnknownUnicorn68604160
GOLD-analyze The dollar continued to rise, reaching its highest level in more than four months, hitting as high as 105.07 on Monday, its highest level since November 15, making gold more expensive for holders of other currencies, while the 10-year U.S. Treasury yield also rose. The U.S. economic data is relatively stronger than that of other developed economies, and after the U.S. ISM manufacturing PMI data was released in March, market expectations for the Federal Reserve to cut interest rates in June weakened again. On Tuesday, you need to pay attention to the monthly rate of U.S. factory orders and U.S. JOLTs job vacancies in February. Pay attention to the speeches of New York Fed President Williams, Cleveland Fed President Mester, and San Francisco Fed President Daly. Pay attention to changes in the market's expectations for the Federal Reserve to cut interest rates. Performance of the U.S. Dollar and U.S. Treasury Yields Yesterday, gold began to fall sharply at a high of 2265, reaching a minimum of 2228. Under the upward trend, gold is now back near 2255 again So currently we can see that 2228-2234 is the first support range, 2220-2222 is the strong and weak support range, and the small shock range is 2265-2228 I think you can choose to sell above 2260, SL: 2267, or wait for the first support range and the strong and weak support range to buy Reasonably control your positions and carry out small lots, so that your success rate will be greatly increased. Join me, I will conduct analysis every day, let us make profits together
FX:XAUUSD
by UnknownUnicorn68604160
🌟 Discover the Gold Treasures: Today's GOLD Analysis for Wins!🌟 Greetings, phenomenal traders! 🌟 I hope your weekend was absolutely stellar! Now, let's rev up for some exhilarating market maneuvers and set our sights on those colossal profits! 💰📈✨ 🔍 Today, let's plunge into the mesmerizing realm of GOLD! 🌟✨ XAUUSD is seizing the spotlight. 🌐💥 As you're well aware, gold is reaching unprecedented peaks, breaking records left and right! 🌟📈 🔮 What lies ahead, you wonder? Well, brace yourselves for a potential downward correction. Currently, Gold is snugly ensconced in a range from 2255 to 2264. 🚀🔒 While this zone calls for caution, fear not, for the future holds boundless excitement! 🌈✨ 📈 Should Gold boldly breach above the range, prepare for potential buying frenzy, soaring up to 2274. Conversely, a break below the range could usher in opportunities for selling, gracefully descending to 2242 and 2222. 📉🚀 I trust you find this analysis both enlightening and actionable! 🚀 Boost the vibes by lending your support, and, above all, trade smart and safe. 🤓💡✅ ✌️ Peace Out, and may the trading journey unfold with bountiful prosperity! 🌍🌟💰
TVC:GOLDShort
by nathimafxreal
2
GOLD-How much more can it go up? Focus on data this week: On Monday, the U.S. ISM manufacturing PMI in March and the U.S. construction spending monthly rate in February On Tuesday, U.S. JOLTs job vacancies in February and U.S. factory orders monthly rate in February On Wednesday, U.S. ADP employment numbers in March, U.S. ISM non-manufacturing PMI in March, EIA crude oil inventories, strategic petroleum reserve inventories, OPEC ministerial meeting On Thursday, the number of layoffs of challenger companies in the United States in March and the number of initial jobless claims for the week, Philadelphia Fed President Harker’s speech On Friday, 2024 FOMC voting committee member and Richmond Fed President Barkin spoke on the economic outlook, Cleveland Fed President Mester spoke on the economic outlook, the U.S. non-farm payrolls after seasonally adjustment in March, and the U.S. unemployment rate in March. I said last week that if gold breaks through 2200, it will change the form of a head and shoulders top and continue to rise. But this rise is really unexpected. The monthly, quarterly, weekly, and daily lines are all The market was closed almost at its highest point What everyone is currently concerned about is how long the rise in gold can last, or how high it can go? In fact, all the current predictions of reaching the top position have no basis. They are just talking about whether there is logic and whether it can be convincing. But regardless of whether there is logic or not, I do not recommend blindly opening short orders now. You need to wait for the natural appearance of the top. to follow. The top has not yet appeared. Now we can only follow the trend and wait for the support point to buy. The support point below the small cycle is 2245, 2234 But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost But gold has risen too much, and the current short-term resistance point is near 2275, so for this week's trading, use small lost
FX:XAUUSD
by UnknownUnicorn68604160
GOLD TRADE IDEA / POTENTIAL BEARISH BREAKOUNT Hello Traders! I'm looking for a short trade on GOLD. I see the price in a key resistance level where I expect a bearish momentum until the PWL. In case of confirmation, i will execute this trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
TVC:GOLDShort
by GoodTradeST
GOLD-Wait patiently Awaiting today's key U.S. inflation data PCE, this data may provide more clues to the Federal Reserve's policy path and deserves everyone's attention. The U.S. market will also see changes in the number of initial jobless claims in the week of March 23, the final value of U.S. fourth-quarter GDP, and the final value of the University of Michigan Consumer Confidence Index in March, which may have a greater impact on the current market. Both the daily cycle and the H4 cycle have a head-and-shoulders top pattern. The right shoulder is as high as 2200. Therefore, as long as gold does not break the high of 2200 in the near future, the head-and-shoulders top pattern will still hold. However, it may also appear during an upward trend. Second and third tests, if it breaks through 2200, it will change the pattern and may continue to rise again. Today it is recommended to wait for the US market data to be released before following the trend and trading. Now it is more important to be patient and wait Join me and I will share my ideas in a timely manner to make your trading more successful
FX:XAUUSD
by UnknownUnicorn68604160
GOLD-Has a head and shoulders top formed? Yesterday, the United States released some inflation data indicators. After experiencing the worst year for real estate sales in the past three decades, house price growth accelerated in January, with house prices in 20 major cities rising by 6.59% year-on-year, higher than the 6.2% increase in December last year. increase. Other economic data showed that U.S. durable goods orders increased by 1.4% month-on-month in February, and core capital goods orders increased for the first time in three months. However, the month-on-month value of durable goods orders was further revised down to -6.9%. The Conference Board's consumer confidence index in March also showed lower than expected and previous values, all of which indicate that the U.S. economy has obvious signs of contraction. Public data reports that due to the impact of interest rate increases, the Federal Reserve's total interest expenses will be US$281.1 billion in 2023, 2.75 times the expenditure in 2022, of which interest expenses related to reserve balances will be US$176.8 billion, nearly tripling compared with 2022. The Fed's losses are floating losses and will not affect the Fed's operations, but will aggravate the already huge U.S. government fiscal deficit. (This is also an important reason why the market expects the Federal Reserve to cut interest rates this year. Excessively high interest rates mean increasing operating costs for oneself) U.S. regulators have warned that if U.S. debt continues to soar, it could trigger a crisis. The ratio of U.S. debt to the country's GDP will exceed the highest level during World War II of 116% in 2029, and will rise to 166% of GDP by 2054 (meaning that a debt crisis may occur at any time, and once it occurs, it will trigger turmoil in the global financial market. In view of this, it will also force the Federal Reserve to lower interest rates as soon as possible.) Yesterday, gold reached as high as 2200, but did not break through, and then fell sharply. From a technical point of view, firstly, because the timing is wrong, the Asian market does not move, the European market starts to rise crazily, and the US market is in place before it even opens, which is equivalent to compressing the room for rising prices in the future. Second, the growth rate was too fast and directly touched the overbought zone. Therefore, although the data was bullish after the US market started, it could not withstand the flight of profit-making funds. The upward trend is still maintained above 2145, but as can be seen from the chart, the H4 cycle has formed a head and shoulders top pattern. The left shoulder is at the previous high of 2194, the top is at 2222, and the right shoulder is at Tuesday's high of 2199. As long as this pattern remains unchanged, there will be room for a sharp decline in the market outlook. For the current market, it is still maintaining an upward trend. Therefore, in the short term, it will still be a high fluctuation under the upward trend, and it will only be possible after it falls below 2145 in the future. There is room for decline Today we can sell based on yesterday's high point. The 50% and 61.8% golden section positions are 2185 and 2189. The important resistance point is 2197. Control your position reasonably so that you can finally make a profit. Join me, I will analyze every day, let us improve the success rate of trading together
FX:XAUUSDShort
by UnknownUnicorn68604160