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GOLD M30 / EXPECTING A SHORT MOVE ON SMALL TF 💲Hello Traders! This is my forecast on GOLD M30. I will look for a short trade entry if I see the retracement from the OB H1. My target is the resistance level at the price of 2002. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
TVC:GOLDShort
by GoodTradeST
XAUUSD: 24/1 Today’s Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2020-2000 One-hour pressure is 2032, support below is 2012-2000 Operational advice: The market has been fluctuating within a narrow range for nearly a week. The current upward pressure continues to focus on the 2032 and 2040 daily line pressure. Continue shorting on today's rebound, with the target around 2012-2000-1980. SELL:near 2040 SELL:near 2032 SELL:near 2020 BUY: near 2000 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD:22/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966 Four-hour pressure is 2032, support below is 2012-2000 One-hour pressure is 2032, support below is 2012-2000 Operational suggestions: Judging from the daily analysis, today's upper resistance will focus on the vicinity of 2032-2040. Counterattacks during the day will rely on this position to continue to be bearish and then look at the downward trend. The lower target will continue to focus on breaking the bottom. The short-term short-term weak dividing line will move down to In 2032, until the daily level does not break through and stand at this position, continue to maintain the main and short rhythm of the trend. Be careful to participate in the long position, and the target will be focused on 2000 first. SELL:near 2040 SELL:near 2032 SELL:near 2012
OANDA:XAUUSD
by ActuaryJ
Gold price extends downside as Fed rate cut bets ease17 January 2024 •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. Technical Analysis: Gold price drops to near 50-day EMA Gold price continues its downside below $2,020 after Fed Waller's hawkish remarks about interest rates. The near-term demand for Gold is not bullish anymore as the price has dropped below the 20-day Exponential Moving Average (EMA), which trades around $2,036. The yellow metal has found interim support after sliding to near the 50-day EMA, which oscillates near $2,017. The 14-period Relative Strength Index (RSI) is declining towards 40.00, which could offer some cushion. However, a breakdown below the same will lead to the activation of bearish momentum. • Gold price falls sharply as Fed Waller maintains a higher for longer interest-rates narrative. • The last leg of high US inflation has turned out to be significantly stubborn. Guidance from three Fed policymakers and US Retail Sales data are due on Wednesday. Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has cast doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favoring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation returning towards the 2% target in a timely and sustainable manner. The Consumer Price Index (CPI) data for December indicated that the last leg of high price pressures is quite challenging for Fed policymakers, likely due to steady labor market conditions and decent consumer spending momentum. A quick rate cut decision by the Fed can lead to persistence in inflationary pressures and dampen the work done to achieve price stability. Later in the day, the performance of the US Dollar, Treasury yields and bullions will be guided by the United States Retail Sales and Industrial Production data for December. The chances for the Fed cutting interest rates in March could ease further if the Retail Sales report comes in stronger than projected. Daily digest market movers: Gold price falls further ahead of US Retail Sales data •Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000. The downside bias to the gold price has strengthened as investors are uncertain about when the Federal Reserve could start discussing the timeframe for interest rate cuts. A hawkish commentary from Fed Governor Christopher Waller has raised doubts about whether the central bank will cut interest rates in March. Christopher Waller commented that the Fed should not rush to take interest rates down until it is ensured that inflation will return to the 2% target in a sustainable manner. Waller added that the Fed should proceed with rate cuts "methodically and carefully" to bail out the economy from an expected slowdown. He further added that resilience in the US economy could delay potential reductions in borrowing costs. Fed policymakers have become more determined to maintain a restrictive interest rate stance as the December inflation data turned out surprisingly stubborn. • After Waller's commentary, Investment banking firm Goldman Sachs said the Fed could cut rates somewhat later or might announce one cut each quarter from April. Meanwhile, bets supporting a rate cut by the Fed in March have dropped further. As per the CME Fedwatch tool, trades see a 61.4% chance for a 25-basis points (bps) interest rate cut in March, down from 70% at the start of the week. • The increase in the US Dollar Index (DXY) also weighed on the gold price. The USD Index has slightly corrected after posting a fresh monthly high above 103.50. •Further action in the US Dollar will be guided by the United States Retail Sales and Industrial Production data for December. • Investors have projected that Retail Sales increased by 0.4%, higher than the 0.3% rise in November. Industrial Production is seen stagnant after rising 0.2% in November. Apart from the US economic data, Fed's Beige Book and fresh outlook on interest rates from Fed speakers will be keenly watched. On Wednesday, Fed's Michael Barr, Michelle Bowman, and John Williams are due to speak. Fed policymakers are expected to endorse a restrictive monetary policy stance for a longer period than what is anticipated by market participants.
OANDA:XAUUSDShort
by sniper_2022
XAUUSD: 15/1 Today’s Market AnalysisGold technical chart daily pressure 2069 below support 2053-2040 Four-hour pressure 2069 and support below 2042 One hour pressure 2063 and support below 2044 Operational suggestions: From the daily analysis, at the top we focus on whether the 2053 mark can close firmly in the near future, and at the bottom we focus on the first-line support at the 2040 mark. The short-term gold price has entered an upward trend, but there has been no further confirmation. Recent operation ideas Wait for the direction to come out at the 2053 mark. Don’t be overly bullish and don’t follow the risk aversion until 2053 has stabilized (today’s close). Markets are slow on Monday and there are no recommendations. The U.S.-New York Stock Exchange is closed for one day due to Martin Luther King Memorial Day, and the U.S.-Chicago Mercantile Exchange (CME) is closed early.
OANDA:XAUUSD
by ActuaryJ
Thursday: Gold continues bearish trendGold continues to fluctuate and adjust within a wide range. Technically, the gold price still maintained the 2016/46-week range operation, with repeated adjustments. The MA10/7 daily moving average moves downward and opens downward, and the RSI indicator still maintains the central axis adjustment. The price in the short-period four-hour chart is running in the middle and lower tracks of the Bollinger Bands, forming a weak shock to suppress the bearish movement of the 2040 central axis. For intraday trading today, we continue to follow the shock idea and participate in high altitude, low and long. In a volatile market in a downward trend, a big slump can come at any time, so shorting on rallies is the best option. Big shorts have been basically confirmed, but the short-term decline is more difficult. Currently, longs and shorts are facing key support, and differences have intensified, making the game relatively fierce. The shock is only short-term, but the general direction of shorts will not change, and after the shock, there will definitely be a wave of decline. The overall operation idea during the day is mainly high-altitude, and the planned short-selling point above is at the 2040 line! Gold is now in a short trend. The 4-hour mid-track has been able to suppress the rise of gold prices many times. Every rise can be blocked, and our short orders can also be harvested. The trend has not changed and following the trend is still my strategy. Empty near 2040 pressure.
OANDA:XAUUSDShort
by Short-termTaurus
Friday: Gold is in a downward channelOn Thursday, U.S. ADP data came in much stronger than expected. The good data has brought new confidence to the U.S. economy and also caused a huge impact on the precious metals market. This month's NFP will be announced in the day, which will also be the highlight of today. Before the data is released, it is expected that gold will not fluctuate too much during the day, and more sideways shocks await the release of evening data. From a technical point of view, the daily line closed a small positive bar yesterday, the Bollinger Bands opened, and the KDJ indicator crosses and increases volume. At present, the general trend is upward, and the midline is rising in stages. From the 4-hour chart, the Bollinger Bands are opening, and the KDJ indicator is golden cross with heavy volume. In the hourly chart, the Bollinger Bands have begun to open, and the KDJ indicator has increased its golden cross. Yesterday, the price still mainly rebounded and corrected, with the lowest reaching the 2036 line, the third support level we gave. Today, we will focus on the upward shock. The upper pressure will focus on the 2050-2060 line, and the lower level will focus on the 2040-2030 support. Personal suggestion: go long on callbacks; dividing line: 2040 Strategy reference: It is recommended to go long in 2030/2035
OANDA:XAUUSD
by Short-termTaurus
Thursday: Gold remains under pressure to fallGold has fallen below the 2050 long-short watershed and started a downward trend. Relying on the rebound pressure of yesterday's US market, gold will continue to be short and bearish at the 2048 position. The target below will focus on the support of 2030! Looking at the golden hour chart, the downward trend has begun, and the second period of decline is very strong, and the decline will continue! However, after the sharp drop, the market is also expected to fluctuate and adjust, so today's Asian and European market will most likely fluctuate within the range of 2048-30, and then start a new band of decline after the shock ends! The rebound relied on pressure to short gold. After breaking the level, 2050 became the key resistance for this rebound. As long as the rebound encounters resistance today, this pressure position will continue to be short! suggestion: 2030-2033 long 2048-2050 short
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD: 2/1 Today Analysis and StrategyGold technical chart daily line upper pressure 2088 and lower support 2053-2040 In four hours, the upper pressure is 2069-2088 and the lower support is 2066. One hour upper pressure 2073-2080 lower support 2066 Operation suggestions: Gold is currently consolidating in a range. As shown in the figure above, go long above 2069 and short below 2066. Long order: long near 2069 Long order: long around 2040 Short order: short around 2065 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Wednesday: Operation between 2055~2075Gold adjusted and closed again with a small negative structure, and the U.S. index continued to rise. Gold and silver rebounded high. Gold fluctuated widely yesterday and rose sharply during the day. The European and American markets formed a surge and fell back to adjust downward and penetrated 2060 in late trading and fell to a low near 2055. The daily line closed continuously negative and tested the MA10 daily moving average support close to the 53 line. The short-cycle four-hour chart and hour The price in the chart is running in the middle and lower rails of the Bollinger Bands. The central axis of the RSI indicator is below the 50 value. The moving average system maintains its opening downward. The MA10 is suppressing 2066 on the 10th. The US index continues to rise strongly and maintains a strong closing. The daily line is positive, which has a certain impact on gold and silver. suppress. Gold trading today is mainly selling at high prices, followed by buying at low prices. Yesterday's gold market trend was consistent with my prediction. It fluctuated within the range, with 2075 short and 2070 short respectively. It fell as expected and profited! Now that the market has fallen to the support below, it’s time to start going long! Rely on the support of 2055 to go long in early trading! Looking at gold in 4 hours, the general direction of the shock trend after the rise remains unchanged is the bullish trend! The watershed between long and short is the 2050 position. Only when it truly falls below 2050 will the downtrend begin! Now the market continues to fluctuate within the range of 2055-2075. It is now exactly the 4-hour Bollinger lower track support position, and there is a rebound expectation! Gold relies on the support of 2055 to go long, and the top continues to pay attention to the pressure of 2075! For the time being, sell high and buy low within the range! Complete signal 👇
OANDA:XAUUSD
by Short-termTaurus
Monday: Gold operates in the range of 2050~2080Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy low! Gold's decline has now found support at the 2055 line. The upper pressure is the hourly upper rail and the rebound pressure at 2073. The upper level is suppressed by 2081. It is expected that it will test the 2050 line again after encountering resistance!
OANDA:XAUUSD
by Short-termTaurus
Latest analysis of US market, 2070/2064 supportOn Thursday (December 28), the market insisted that the Federal Reserve would not relax its expectations of a faster interest rate cut. The U.S. dollar and U.S. bond yields were further put under pressure. Gold rebounded and once touched $2,088, approaching the 2,100 mark. Gold prices climbed to more than three-week highs on Thursday as the dollar and U.S. Treasury yields hit multi-month lows as bets grew that the Federal Reserve would begin cutting interest rates as early as March next year. Technical aspect: On the daily line, the market volatility on the previous trading day was relatively small, and the small positive line closed, indicating that the short-term gold price is relatively strong. In terms of indicators, the market is still running above the 20-day moving average, and bulls still have the upper hand. The market outlook will focus on the first-line pressure of $2,088 at the top, and the first-line support at $2070/2064 at the bottom.
OANDA:XAUUSDLong
by Short-termTaurus
Gold focuses on 2062/2050 supportGold fell back after rising yesterday, and fell below the 2070 long-short watershed, and the market turned downward! I started shorting today and sold directly above 2070 in early trading, with a profit of 80pips! The bottom supports the 2050 line! In trend trading, the most important thing is to follow the trend. When the market turns around, you must adjust your thinking immediately! So I always follow trends from beginning to end! Currently, gold has fallen below the moving average support, and the upward trend line has also been broken, which means that the gold trend has changed! The next step is to fall! Gold has been fluctuating all the way up, but the market changed yesterday! There is no rebound after breaking the position, which means that the adjustment will continue! The support below this time is the support position of the 4-hour Bollinger Middle Rail 2050! It is expected that there will be a rebound after this decline to this position! However, we do not rule out that the decline will stop near the previous low of 2060~2062, but I think the probability of falling to around 2050 is higher.
OANDA:XAUUSDShort
by Short-termTaurus
XAUUSD: 28/12 Today’s Strategy and AnalysisGold technical chart daily pressure is 2100, with support below 2066 The four-hour pressure is 2100, and the lower support is 2069-2066 One hour pressure is 2100, support below is 2080-2066 Operational suggestions: Yesterday, gold first fluctuated around the 2061-2066 range. The U.S. market ushered in a strong bullish upward trend and broke a new high. Today, it accelerated its upward move to around 2088. It is recommended that gold step back to 2080-2070 and continue to be long, looking towards the 2100 mark. BUY:near 2080 BUY:near 2070 SELL:near 2100
OANDA:XAUUSD
by ActuaryJ
28. The rising demand for gold is obviousOn Wednesday (December 27) in Asia, the Bank of Japan released a summary of the opinions of the review committee of the December monetary policy meeting, emphasizing that it is too early to raise interest rates and that the end of negative interest rates must first bring the price target within sight. The U.S. Defense Secretary confirmed that the U.S. military carried out air strikes in Iraq, which resulted in the death of at least one person. Mediterranean Shipping Company (MSC) said a container ship was attacked while transiting the Red Sea. Spot gold once approached the $2,070 mark, and then remained bullish at $2,064. Gold prices rose, breaking out of a trading range that had been in place for much of December after weak U.S. inflation data fueled more bets on early interest rate cuts in 2024. Gold has rallied sharply in recent sessions as the PCE price index, the Fed's preferred inflation gauge, fell short of expectations. Inflation data released after the Federal Reserve sent a dovish signal at its last meeting in 2023 raised hopes that the central bank could start cutting interest rates as early as March 2024. This view creates a strong outlook for gold, given that high interest rates drive up the opportunity cost of investing in gold. International gold is also likely to benefit from worsening global economic conditions in the coming year as major economies feel the impact of tightening monetary policies. There is now clear upside demand for gold, so the risk of going long gold is less than going short Please pay attention to updates for more trading signals xia
OANDA:XAUUSDLong
by Short-termTaurus