XAUUSD: Get ready to receive the super golden week arrival2410 is the last line of defense. Before it breaks through, all the rises are just rebounds rather than reversals.
The Israeli attack on Lebanon just now can only be regarded as an emergency. The risk aversion caused by the emergency comes quickly and will retreat quickly without follow-up. Therefore, we must not be anxious and pay close attention to the 2410 line of defense.
In addition, many important data of the Super Golden Week have not yet been released. Before the release of this week's data, the direction of gold prices is still uncertain. Try to be patient enough.
The focus of the Super Data Week is as follows:
(Wednesday)
US July ADP employment
US June existing home sales index monthly rate
Federal Reserve interest rate decision
(Thursday)
Bank of England interest rate decision
US weekly initial jobless claims
US July ISM manufacturing PMI
Fed Chairman Powell press conference
(Friday)
US July unemployment rate
US July quarterly NFP
Goldintraday
Gold next week trading signal analysisAt the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also did recover the early losses and further profits, to the single, this month, profit and loss, the current statistics there are nearly 100 points of profit, The specific profit this month is about 98 points, this point, you can compare and verify yourself, in short, the list is one to one, this point, you can judge yourself. Of course, due to the actual and operational process will inevitably have a little accident, so the specific profit and loss, you also need to compare according to their actual situation, in short, as long as there is no accident, such as the market malicious washing and Chen Feng my state of instability, otherwise the cycle is just the number of profits, this, thank you for your persistence. So now, July is coming to an end, other, I am not greedy, there is a good ending on the line, then at the moment, other, I do not say much, directly to next week's market analysis, you can read the following reference to understand.
-- Gold Friday market review --
Friday morning, gold opened in the 2364 line, the opening that fell into the 2364-2361 range of oscillations saw, but the good times did not last long, early in the morning, gold suffered a wave of crashing disc flash collapse in 2355, and then blocked to usher in a bull counterattack, gold is therefore a break of 2360-2370, the highest to 2379 line to usher in a stop back down, Long and short in the 2378-2370 range after a sawing encounter under 2370, but the bears did not usher in a further outbreak, but on the eve of the European trading stopped at 2368 ushered in a rebound 2375 line. During the European session, gold first went down a wave near 2365, and then stopped to usher in a slow rise in shock, gold is also slowly going up a wave near 2375 ushered in a stop shock, overall, during the European session, gold is deep in the 2375-2370 range. And the United States trading period, PCE data released bearish, but unexpectedly, gold did not usher in a sharp fall, but was blocked by 2371 ushered in a bull outbreak, gold is therefore broken 2380, the highest to near 2391 to usher in a halt, then fell back 2379 blocked into a wide range of volatility, long and short in 2390-2380 repeatedly saw, It closed at around 2,387.
- Is gold hitting a stage bottom? Super week attack, gold long short how to choose? -
At the end of the week, for this week, gold is also relatively ushered in a large fluctuation, at the beginning of the week, gold shock from 2400 above ushered in a short outbreak of 2383 stop rebound, gold on the eve of the outbreak of GDP data, the highest is also a rebound of 2431 line, then for this point, I also mentioned in the blog earlier, In the case of gold sticking to the see-saw near 2400, there must be a rebound near 2420, more likely to break 2420 and usher in a reversal plunge, then in fact, the market is also fluctuating as I analyze, after all, as of Thursday, GDP and unemployment benefits and PCE data are all as bearish as I analyze. Gold is also expected to usher in lower 2360, and for this I also said, gold is expected to usher in a stage bottoming out in the 2360-2350 region, and gold is also in the 2353 ushered in a recovery, just said Friday Chen Feng I expect PCE more help gold bulls counterattack 2400-2420, in fact, The highest also rose to around 2391, which is still a little gap with my analysis, but in general, PCE explosion and negative rise this is a fact, this, you can read my recent analysis blog to verify.
So what about next week's gold bulls and bears? In fact, for this point, I don't need to say that you all know that next week's market is not simple, after all, for next week, the Federal Reserve interest rate resolution and Powell's speech came, coupled with the multiple outbreaks of ADP, PMI, unemployment benefits, non-agricultural, unemployment rate and other data, in terms of this market, I think it is limited ability to make a clear prediction and control. In fact, I can't blame me, after all, the current gold market, institutional control of the influence is too big, the influence of the data is limited, moreover, in the near future, the surprise of the data is also slightly increased, take Thursday, PCE data range is so lower than the previous value of the case, Friday's PCE annual data is actually synchronized with the previous value, in terms of this possibility, Minimal probability can appear, which also reflects the current market is not calm, especially at present, the market expects the possibility of the Federal Reserve rate cut in September is a certainty, and then refer to the current inflation slowdown and the Federal Reserve officials said that the need to cut interest rates in advance of the speech, maybe this week will usher in the rate cut landing is not necessarily, so in this case, you also need to be cautious. Of course, for next week, if the data is positive, Powell does not rule out the possibility of further eagles to fight interest rate cuts, this point, you must not blindly bet on the short.
So for next week, at the beginning of the week, we must still look at a wave of rebound, after all, gold on Friday since the 2355 stop to rebound, this wave, gold is also facing a stage of bottoming out, after all, in any case, in the case of excessive interest rate cut expectations, gold since 2483 high 2353, Bears have ushered in a fall of 130 points, in the short term, gold also has a certain rebound demand, coupled with the current interest rate minutes and Powell's speech in the case, gold will have a high probability of buying expectations to pull up, that is, before Thursday, gold will have a high probability of further impact 2420-2430-2450, of course, Do not be too happy too soon, after all, for Powell's speech, his remarks are often disappointing, once Powell unexpectedly put eagle in this speech, coupled with the strong non-agricultural employment performance, that gold may also usher in the possibility of further collapse, for next week, the focus is to pay attention to the market news situation and then choose the future market, All in all, next week, the market will inevitably have malicious control of the situation, you must remember to pay attention to the control of risk.
So for next week, Monday, it is expected that gold will not have any big high and low open possibility, in this regard, for Monday, you can focus on a wave of 2390 can be successfully broken, of course, if 2385-2380 does not break, you can also directly see more than 2400 mark gains and losses, such as successfully broken 2400, Then do more directly on the trend to see 2420-2430. Of course, if you break 2380, you can also wait for 2373-2370 not to break again. All in all, for next week, try to keep back to the long to layout, short cautious. As for the specific analysis and operation details, I will make an update on Monday, please remember to strictly follow my requirements to control the position and stop loss basis.
Gold forms a falling pattern as risk aversion fadesThere is not much to say today. What should be said has been explained in yesterday's post. My current strategy remains unchanged. I still maintain a bearish view and will continue to hold short positions.
Yesterday I said that it is obvious from the 4-hour chart that gold has formed a head and shoulders top pattern and a plunge is about to begin. As the risk aversion caused by Israel and Lebanon subsides, the factors supporting the rebound of gold are gone, and the only way to go is a decline.
Upper resistance: 2390, 2400, 2410
Lower support: 2370, 2350, 2320
Now we need to focus on the ADP employment data and the Fed's interest rate decision to be released tomorrow.
XAUUSD: Rebound is not a reversal, ready for a sharp drop7.29 Gold Sharing and Trading Strategy
Last Friday, gold rebounded due to PEC data, and the escalation of the conflict between Israel and Lebanon led to an increase in risk aversion, and the price of gold once rushed to $2,400.
However, political risks obviously overshadowed the subsequent Fed interest rate decision. The data reflected by PCE showed that inflation remained strong. Although it was close to the central bank's target level of 2%, the market still hoped that the easing cycle would start in September.
From the 4-hour chart, it can be clearly seen that the current gold is a head and shoulders top pattern. The shoulder position has now been completed, and it is very likely to usher in a plunge here.
From the figure, we can see that referring to the previous trend, the support below will be at 2350, 2320, and 2300, so we can use the previous pressure levels of 2385, 2400, and 2410 to sell
XAUUSD: 26/7 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2400, support below 2350-2329
Four-hour resistance 2380-2400, support below 2350-2329
Gold operation suggestions: Yesterday, gold technically rebounded slightly at the opening of the Asian session, and was under pressure at the 2399 mark, and then fell back. Near the European session, it once broke through the 2370 mark, and then rebounded near 2365. Before the US session, the gold price hit a high for the second time, and was under pressure at the 2382 mark, and then fell back and fell. Finally, the gold price continued to fall and broke through the 2350 mark again, and closed weakly. After the overall price appeared under pressure at the 2431 mark, it fell for two consecutive trading days on the daily level, and the gold price lost the previous low of 2383 and continued to fall, breaking the low point. The short-term downward space for gold prices is completely opened.
Judging from the current trend, today's resistance is 2378-2380. Intraday rebounds rely on this position to continue to short. The lower target continues to focus on new lows. The short-term long-short strength watershed focuses on the 2400 mark. Before the daily level breaks through and stabilizes at 2400, continue to maintain the rhythm of rebound shorting.
SELL: 2380near SL: 2383
SELL: 2400near SL: 2405
Technical analysis only provides trading direction!
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XAUUSD: 25/7 Today's Analysis and StrategyGold technical analysis
Daily resistance 2400, support below 2370-2329
Four-hour resistance 2380-2400, support below 2350-29
Gold operation suggestions: Yesterday, the technical price of gold rose first and then fell. The price rebounded and rebounded in the Asian and European sessions relying on the 2409 mark. The US session accelerated to break through the 2431 mark and then fell rapidly. The gold price fell successively and broke through the two integer marks of 2420 and 2410, and finally accelerated to break through the 2400-point integer mark and reached a weak closing near 2392. The overall price showed a suppression and resistance pattern at the 2430 mark. The short-term gold price rebound officially came to an end. Today, the upper short-term resistance focuses on the 2410 mark, the top and bottom conversion position of the hourly line yesterday. The intraday pullback relies on this position to continue to go short first and look for a decline.
From the current market situation, the target position below continues to focus on breaking the bottom. The short-term gold price long and short strength watershed focuses on the 2430 line. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Maintain the main tone of participating in the trend.
SELL: 2380near SL: 2383
SELL: 2400near SL: 2405
Please do not use this strategy when news is released.
Technical analysis only provides trading direction!
What happen To Gold Is This A Pullback?In My Opinion Gold Need To Take The 4H FVG To Confirm Liquidity To Get More Sell But Gold Will Test Again 2318 Area And Will Short Sell To 2400 While Confusing retail Traders And Will Buy From 2400 Area To Back Nonstop 2440 To Get The FVG Then Will Happen What Need To Happen.
Will See In The Future
XAUUSD: Influenced by data and news, it is bullish todayOANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1!
Gold fell back to the 2400 integer mark yesterday, and rebounded under the impetus of two favorable data, and the Indian government announced plans to reduce the import tariff on gold and silver from 15% to 6%. India's increased demand for gold may push up global gold prices, as India is the world's second largest gold consumer. Therefore, gold has finally ended the trend of falling for four consecutive trading days. Affected by the above news and data, gold is likely to continue to move upward in the short term.
This week, the focus still needs to be on the US second quarter GDP data released on Thursday, and the latest personal consumption expenditure (PCE) price index to be released on Friday, because this is the Fed's preferred inflation indicator. Only after these two data are released will the market really move in a new direction.
From the gold price hourly chart
The resistance range is: 2425-2430
The support range is: 2385-2390
Trading strategy: first bullish, then adjust according to real-time dynamics
Trend trading: long gold price
If there is no major news impact, the short-term focus is still on long positions.
Focus on buying around 2400. Focus on selling around 2312. I will update the actual trading opportunities in private channels. Stay tuned.
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD: 23/7 Today's Analysis and StrategyGold technical analysis
Daily resistance 2483, support below 2400-2350
Four-hour resistance 2412, support below 2380-2350
Gold operation suggestions: Yesterday, the technical side of gold quickly rose to the 2412 mark in the early trading, and then fell back. Before and after the US trading, the gold price rebounded for the second time and was under pressure at the 2408 line, and then fell back and broke the bottom. Finally, the gold price continued to fall to the 2383 mark and rebounded and fluctuated to close. The overall price fell into a long-short battle around the 2400 mark. After experiencing a continuous decline and sharp drop last week, the gold price is expected to enter a long-short shock repair pattern in the short term.
Judging from the current trend, today's support continues to focus on the 2380 mark, and the upper pressure focuses on the vicinity of 2412. Short selling will be based on the pressure near 2412.
SELL: Near 2412
SELL: Near 2420
Technical analysis only provides trading direction!
XAUUSD: If the rebound is blocked, you can sell boldlyAs expected, gold is now adjusting after a sharp drop last week. Yesterday, under the influence of Biden's withdrawal from the election, the price of gold fell to 2384, but then rebounded to around the 2400 integer mark, and did not form a unilateral market. From the overall trend, the low point is constantly moving down, so we can continue to be bearish in the general direction. The main short-term strategy is to sell at high levels.
At present, the price of gold is rebounding, but it will not last too long. The pressure near 2412 and 2420 above is difficult to break through. If it cannot break through, it will only rebound, not reverse. If it is not a reversal, you can boldly sell at high levels
XAUUSD: 19/7 Today's Strategy and AnalysisGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2430, support below 2400
Gold operation suggestions: The overall price of gold is suppressed and adjusted at the 2483 mark, and the daily level has continuously broken down to around 2400. Today's upper resistance continues to focus on the starting point of yesterday's US market decline near 2429. The intraday rebound relies on this position to continue to short and look for a decline. The lower target continues to look at the 2400 first-line support.
SELL: 2430near
SELL: 2420near
Technical analysis only provides trading direction!
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Long gold price
The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long.
Focus on the impact after the opening of the Asian market.
TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1!
Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
Go long on gold prices. Wait for it to rise.
Yesterday, the high price was sold and the price dropped by about 12 dollars. The members who followed the short selling made a good profit.
Today, we will continue to go long on gold. The current price is around 2369. Trading in the market requires seizing the opportunity. Don't hesitate. When there is a suitable trading opportunity, you must act decisively to trade. Otherwise, your hesitation will lead to greater and greater losses, which will be irreversible.
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XAUUSD:17/7 Today's Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2466-40
Gold operation suggestions: Yesterday, gold technically relied on the support of 2420 and accelerated to break through the previous high of 2450. The overall technical aspect continued the extremely strong unilateral upward trend of the bulls.
From the 4-hour analysis, today's lower support continues to focus on the hourly top and bottom conversion position of 2450. The intraday retracement relies on this position to continue to be bullish. The upper target still focuses on the historical high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2466near SL:2461
BUY:2440near SL:2435
Technical analysis only provides trading direction!
XAUUSD: 12/7 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2450, support below 2400-2370
Four-hour resistance 2424, support below 2395-78
Gold operation suggestions: Gold continued its bullish trend yesterday. Under the influence of the positive CPI data, the gold price accelerated its rise and broke through the 2400 integer mark in the US market, and then continued to rise to around 2424.
The overall gold price broke through and stood above the 2400 integer mark to completely open up the upward space. Today's lower support focuses on the second low point of 2395 in the US market yesterday. This position is also the short-term bullish strong dividing line. The intraday retracement relies on this position to defend and continue to follow the trend. The upper target continues to focus on breaking the high. Before the daily level falls below this position, short orders will not be involved, and keep following the trend.
BUY:2395near
BUY:2378near
BUY:2370near
Technical analysis only provides trading direction!
XAUUSD: 11/7 Today's market analysis. Waiting for CPI to be releTechnical analysis of gold
Daily resistance 2400, support 2370-50
Four-hour resistance 2384, support 2370-61-50
From the analysis of the 4-hour line, pay attention to the resistance of 2384 on the top and the support of 2361 on the bottom. Sell high and buy low in this range before the CPI data comes out.
After the CPI news is released, the technical analysis may become invalid, please refer to it with caution
Technical analysis only provides trading direction!
XAUUSD: 9/7 Analysis and Strategy Gold technical analysis
Daily resistance 2370-2400, support below 2350
Four-hour resistance 2370, support below 2361-50
Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell down in the shock and closed at the bottom. The overall price did not continue the bullish strength after the sharp rise last Friday, but swallowed up the gains on Friday, and the overall price returned to the wide range of long and short shocks.
From the 4-hour gold trend, today's support is 2350-52, and the upper short-term resistance is around 2366-70. The intraday rebound relies on this position to short first and look down (the morning strategy successfully TP, profit 80pips), and the lower target continues to focus on breaking the bottom. The short-term long-short strong shock dividing line focuses on the 2380 mark. Before the daily level breaks through and stands on this position, continue to maintain the rhythm of long-short wide shock operation, and wait patiently for key points to enter the market.
SELL:2370near
SELL:2361near
SELL:2350near
Technical analysis only provides trading direction!
Analysis of gold price trend on WednesdayGold fluctuated in a narrow range in the Asian market on Wednesday, currently around 2367. Gold prices rose slightly on Tuesday. Despite the strengthening of the US dollar and rising US bond yields, Federal Reserve Chairman Powell said in a speech to Congress that the US "economy is no longer overheated", "warming up" for the September rate cut, providing support for gold!
Recent U.S. economic data showed a slowing labor market, solidifying expectations that the Fed will soon begin cutting interest rates. Fed Chairman Jerome Powell testified in Congress on Tuesday that inflation remains above the Fed's 2% target, but has been improving in recent months, and more good data will strengthen the Fed's case for cutting rates. Market focus now turns to the Consumer Price Index (CPI) data released on Thursday, with recent data showing inflation retreating after an unexpected rebound at the beginning of the year.
Fed Chairman Powell will also deliver his semi-annual monetary policy testimony to the House Financial Services Committee on this trading day, and investors also need to pay attention. In addition, pay attention to news related to the geopolitical situation.
Gold adjusted the daily line to alternate between red and green, and the lower edge of the trend 2350 is still a strong support. The daily closing line still broke the lower edge of 2350, and stood above 2360 at the closing line. The daily trend was relatively standard yesterday, and the MA7-day moving average and the 10-day moving average stopped again and counterattacked and closed at a high level. The moving average has now moved up to 2359/2351, and it still remains open upward. The RSI indicator daily chart still remains above the middle axis. The lower edge support 2350 of the short-term four-hour chart is still valid.
Asian trading strategy:
Short-term gold 2351-2353 long, stop loss 2342, target 2370-2380;
Short-term gold 2370-2372 short, stop loss 2382, target 2350-2360;
Note: The above strategy was updated on July 10. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update