XAUUSD:1/12 Today’s Market AnalysisGold technical chart daily line upper pressure 2050-2075 and lower support 2001
Four-hour upper pressure 2050-2075 and lower support 2030
One hour upper pressure is 2050 and lower support is 2030
From the daily line, we look at the lower support 2001-2010, 2030 in four hours, and 2040 in one hour. We continue to look at the 2100 mark. If gold retreats and continues to do long, we will first look at 2050-2075-2100 (high positions to chase long positions, low prices The position can be increased appropriately)
Long orders:
Go long near 2040 (can enter the market repeatedly)
Go long near 2030
Goldintraday
XAUUSD: 30/11 market analysis, long at low pricesYesterday, the gold market opened at 2041 in early trading, and then the market rose directly, with the daily maximum hitting 2051.8. However, after touching the previous historical pressure, the market began to fall back, with the daily line falling to as low as 2035.2. Then, the market fluctuated and rose again, and the daily line finally closed at 2044.1.
From the daily chart, gold shows a spindle shape with the upper shadow line slightly longer than the lower shadow line, which means that gold may continue to adjust at a high level. The 4-hour chart shows that after the increase in volume, the market has undergone a consolidation correction on the small negative line, maintaining a consolidation transition above the middle track. Although the strong bull trend has not changed, yesterday's correction and the next day's heavy volume are common bull consolidation moves. In the hourly chart, Bollinger Road began to parallel and level off, and consolidation and correction may continue today. There is a high probability that it will hit new highs again during the U.S. trading session today or tomorrow.
Pay attention to the important support below the 2030 line. As long as this level is not broken, gold will maintain its upward trend.
Today it is recommended to set SL in the 2030-2035 area and then buy gold.
XAUUSD: 28/11 Buy Gold Target 2020~2028Looking at the daily trend chart, gold opened higher and closed at a high level yesterday. The daily line included a big positive line, further continuing the bullish pattern, and the bullish thinking will continue in the future. At the four-hour level, gold rose after continuous shocks, further broke through the previous resistance level in 2007 and moved higher, while touching a new high level in 2018, indicating that the gold price shock has moved up a level, and the golden cross of the moving average system diverges upward, marking a short-term watershed between long and short. At the 1996 line, if this level breaks below, it will change the overall bullish pattern, and the upper resistance level will focus on 2028.
Gold continues its bullish thinking. In terms of operation, it is mainly based on long orders based on callbacks. The resistance of 2020-2028 US dollars is at the top, and the support is focused on 2007-1996 at the bottom. Gold can be purchased above 2007.
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GOLD 4H : Above 1993 will rise up GOLD
New forecast
The price of gold fell yesterday to test the pivotal resistance centered at 1962, and the price rebounded from it significantly upward, resuming the expected upward path in the immediate term, and we expect that the way is open to achieving our positive goals that begin at 2000 and extend to 2007.
Therefore the upward scenario will be remain valid but to confirm the bullish trend should stable above 1993 and then our target will be activate . supported by moving average 50 that is continue to support the price to rise up , and the upward will be remain in place unless the levels of 1975 and then 1962 are broken and stable below them.
The expect range trading for today it will be between resistance line 1993 and support line 1975 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line : 1993 , 2000
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XAUUSD:20/11 Today’s Trading StrategyDuring the Asian market on Monday, the price of gold was trading around 1980. Last week, the price of gold rose to 1990 during the trading process, reaching a maximum of 1993.47. After that, the price dropped somewhat and stabilized around 1980. Finally, gold prices closed down 0.02% at 1980.89, its best performance in the past four weeks.
According to technical analysis, the daily line has been oscillating in the small range of 1955~2000 for 3 days. After breaking a new high of 1987 on Friday, it began to step back and closed with a cross negative line. The daily highs continued to refresh, from This shows that the rising channel is intact. Although there is no unilateral rise, the overall high point moves upward, and the low point continues to move upward from 1950, 1975, and 1987. The longer the platform is consolidated in the rising market, the longer the rise will last. . The greater the rise
The operation recommendation is still to buy at low prices. SL is set at 1970, which is below the early support. Go long on dips.
GOLD 4H : Still support further rise up GOLD
New forecast
The price of gold dropped and tested the first support at 1975 and maintains its stability above it, waiting to stimulate the price to resume the expected upward trend for the coming period, which targets the levels of 1987 and 1993 as the next main stations.
Therefore the uptrend scenario will be remain valid supported by moving average 50 that is continue to support the price to rise up , taking into account that breaking the levels of 1975 and stabilized under it will stop the positive scenario and put pressure on the price to return to the downward corrective path again. so under 1975 the price will try to reach 1962 level and then will rice up .
The expect range trading for today it will be between resistance line 1993 and support line 1975 until stabilized .
support line : 1975 , 1962
resistance line : 1987 , 1993
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
XAUUSD: 17/11 today’s trading strategyIn early trading in the Asian market on Friday, gold prices fluctuated around 1985. Data on Thursday showed weakness in the labor market, which, coupled with recent inflation data, further strengthened the view that the Federal Reserve is unlikely to raise interest rates further. These unfavorable data for the U.S. economy exacerbated the decline in U.S. Treasuries, causing gold prices to rise.
Gold is in a bullish trend. The technical aspect is that the low on the left side of the symmetrical form and the 4-hour MA10 are both supported at 1972-69. This seems to be the most reasonable technical level to take the long position. However, today Friday, if the gold price wants to rise above 2000 again, it is bound to It will not give too much room for retracement. The low of 1980 last night went sideways and has not actually broken down yet. There is a high probability that it will rise directly from 1982 to 1996-2002 - or even break the previous high today.
So now we are long in the 1981~1984 range
If it unexpectedly falls back to 1970, then continue to go long near 1970
XAUUSD: 16/11 today’s trading strategyIn early trading in the Asian market on Thursday, the price of gold has maintained a volatile upward trend since the opening of today. Currently fluctuating around 1967. Gold prices encountered selling pressure yesterday as U.S. retail sales data for October showed a slower-than-expected decline. Spot gold began to correct after hitting a one-week high of 1974.73. The main reason for its failure to remain above 1970 was the correction of the U.S. dollar and the rebound in U.S. Treasury yields.
Yesterday, after the gold market opened at 1962.6 in early trading, the market first rose, with the daily highest touching a position near 1974. However, due to the influence of fundamental pressure and the daily technical Bollinger standard pressure during the U.S. market, the daily line finally closed at 1959.2, forming an inverted hammer shape with a very long upper shadow line. After the closing of this form, there is a certain technical pressure for the market to fall back today.
Gold fell after rising to 1974 on the 4-hour chart, and is now temporarily under pressure from the upper track. From the perspective of technical indicators, the stochastic indicators MA5 and MA10 on the 4-hour chart have golden crosses upward, and the MACD double lines continue to create red kinetic energy columns upward. Based on the trend inertia of these indicators, it is expected that today will be dominated by adjustments. Based on the trend of the K-line itself, the current trend of gold is a correction under pressure, and it may also need to step back to accumulate strength. The kinetic energy of MACD is gradually declining. We judge based on the directionality of the indicator that there is an opportunity to open short under pressure. Short-term pressure focuses on the 1970 mark, and the price is expected to fluctuate downward during the day.
It is recommended that the short-term operation of gold today is mainly short-selling on the rebound.
Sold in the 1970-1973 range,
Buy in the 1958-1961 range.
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.
GOLD 4H : Support further decline GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our targets +200 pip .
The price of gold was able to touch our expected target at 1932, and it is under continuous negative pressure formed by the moving average 50, which supports the chances of surpassing the current level to open the way for further downward correction, whose next target reaches 1916 and 1911.
Therefore, the downtrend scenario will be remain valid and effective during coming period , taking into account that failure to break 1932 will lead the price to attempt to build an ascending wave, mainly targeting testing the 1947 level. so it is possible to do a retest and then dropping.
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized .
support line : 1932 , 1916
resistance line : 1947 , 1947
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XAUUSD:13/11 Today’s Trading StrategyDuring Monday's Asian trading session, the price of spot gold continued to be under pressure, with the current gold price around 1,939. Last Friday, spot gold dropped sharply by $20.38, or 1.04%, at the close, with the final closing price being 1938.07. From the instant breakdown in early trading to the rapid recovery of 1918, the price of gold has now fallen below multiple support levels at the daily level. At the same time, the trend of the K-line continues to be suppressed by the short-term moving average, showing a volatile downward trend. Then gold's downside space on the daily level may not be fully released yet. At present, we need to pay close attention to the pressure in the price range of 1943-1945. If this pressure level cannot be effectively broken, the price of gold may continue to fall.
Over the last week, gold prices have continued to fall and fell below new lows, and the bearish trend remains very strong. If gold prices continue to rebound and rise, the resistance level of 1944-1947 will put greater pressure on bulls. At the same time, it is calculated that the upper long-short dividing line is located at 1954. Before the gold price fails to break through this level, the downward trend of gold will not change. The lower support level focuses on the 1930-1920 area.
Comprehensive analysis: After gold plummets, the market may experience a volatile range. However, if the breakout to the upside cannot continue, then the bearish trend will continue. Therefore, today's operation strategy is mainly to consider rebound short selling, supplemented by long low position.
SELL:1944~1947
SL:1951
TP1:1938
TP2:1932
BUY:1929~1931
SL:1927
TP1:1935
TP2:1938
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:10/11 Today’s Trading StrategyOn Friday, gold in the Asian market was operating in the 1955-1960 range. Spot gold ended three consecutive days of decline, getting rid of the lowest point in nearly three weeks, and once exceeded 1960. From the perspective of technical analysis, the daily head-and-shoulders top pattern has been partially formed, and the right shoulder's 2004 decline has now reached $50. This decline may have room for correction in today's trading. At present, after three consecutive trading days of decline, the market has rebounded, but the pressure point is located near the 1970 middle track of the daily cycle Bollinger Bands. Therefore, the key resistance level for today’s intraday rebound is near 1970. If it can hold above 1970, the market may continue to rise.
Gold stabilized at a low level yesterday and rose, forming a double bottom at 1944. Gold's US market combined with data pushed it higher. The highest point was resistance at 1965.4, and finally closed at 1958.33. The daily line ends with a small positive line with an upper shadow line. After the continuous decline, the gold price closed the positive line for the first time. This does not yet represent a reversal of the trend. The short trend temporarily paused and changed from a straight decline to a shock range. At the four-hour level, the Bollinger Bands show signs of narrowing. The dividing line between long and short is at 1979. After breaking through this level, the price of gold will strengthen again. Otherwise, it will continue to maintain a short retracement. The support below will focus on 1953, and if it breaks, look at 1944.
SELL:1968-1970
SL:1975
TP1:1962
TP2:1955
BUY:1947-1950
SL:1944
TP1:1957
TP2:1963
XAUUSD: 9/11 Trading strategy todayIn Thursday’s Asian trading, the price of gold fluctuated around 1950. As concerns about volatility gradually ease, gold prices have continued to fall over the past three trading days, and the precious metals market appears to have entered a correction phase. Yesterday Wednesday, gold prices fell for the third consecutive day. Spot gold prices fell for a third straight session, falling to a fresh three-week low. During the U.S. trading session, the decline in gold prices further expanded, falling below the key price of 1950, and finally closed down 0.97%.
Gold continued to fluctuate and fall yesterday, forming a resistance level in the 1970 area. The price of gold showed a downward trend since the early trading, and fell to the lowest point of 1947 in late trading, finally closing at 1950. There is a big negative line on the daily chart. The closing price did not break through the previous high, but the lowest price hit a new low, showing that the gold short market is still continuing. From the four-hour level, gold encountered resistance after reaching a high, then experienced a short decline and showed a divergent trend. It is currently in the acceleration stage of three waves of decline. The support below is at 1939, while the dividing line between long and short is at 1960. At the same time, the key point of 1970, where the price of gold breaks down, is also an important resistance level.
Comprehensive analysis: Gold is currently still in a short trend. The short-term gold operation strategy during the day suggests that the top short-term focus is on the resistance level of 1958~1960 for selling, and the bottom short-term focus is on the 1938~1940 support level for buying.
XAUUSD: Today’s trading strategy
DXY fell sharply after reaching a one-month high, falling sharply from above the 107.00 mark to around 106.30. This trend of a weakening US dollar caused the price of gold to rebound rapidly from the low point. Spot gold rose sharply from the low of 1969.80 after the Federal Reserve decision. From the announcement of the FOMC decision statement to the end of Powell's speech, gold fell first and then rose, basically recovering its losses, and finally closed. Down 0.08%, rebounding to 1985 so far
Based on the strong rise of gold after being affected by fundamentals, we can see the daily pattern. After this pattern ends, gold will continue to be under pressure. From a 4-hour perspective, the first downward trend has stabilized, initially forming an effective support at 1970, while also holding above the 1953 critical point of strength and weakness. It is expected that the trend of testing will continue today. In the short term, the price will first remain between the upper and lower tracks of the 4-hour Bollinger Band. That is to say, non-agricultural data will be released tomorrow, so be prepared in terms of risk control. It is expected that the price of gold will not fluctuate much before this, and will continue to maintain a pattern of high fluctuations and consolidation. To sum up, gold is in a state of shock after a downward trend. The rise of gold has once again stopped at the 1993 line. Today it continues to fluctuate. The upper side focuses on the short-term short-term resistance of 1993-1995, and the lower side focuses on the vicinity of 1971-1973 for the long term.
SELL:1993~1995
SL:2000
TP1:1988
TP2:1984
BUY:1971~1973
SL:1967
TP1:1978
TP2:1983
XAUUSD:6/11 Today’s Trading StrategyThe price of gold opened at 1991.6 on Monday, and has been trading at the lowest level near 1981 so far, falling by 10 US dollars since the opening. Looking back at the market performance last week, the price of gold maintained a high consolidation posture, failing to remain above US$2,000, and fell by nearly US$10 last week. Some analysts pointed out that the gold price lacks the motivation to exceed US$2,000 in the short term. Recently, the expectation of global economic recovery and the advancement of the U.S. fiscal stimulus plan have increased investors' demand for risky assets, resulting in a weakening of the upward momentum of gold prices. In addition, the rebound in the US dollar index also put pressure on gold prices. However, the current trend of the gold market is still bullish, and both bulls and shorts have the opportunity to gain profits.
According to the observation of the daily cycle, we can see that the previous double top in 2009 did not break. The high point of the left shoulder is 1998. Although the right shoulder has not yet been determined, the current high point is 2003. As long as this point is not broken this week, the right shoulder high may be formed this week, forming a complete head and shoulders top. Therefore, at the beginning of the week, the focus is to see whether 2003 breaks out of position. If it does not break, the daily head and shoulders top will be formed, and there will be a clear technical basis for the market outlook whether it is a unilateral decline or a volatile decline. The daily line below can be seen to be around 1952. Only when 1950 breaks, can we confirm that this wave of gold has turned short. The 4-hour cycle is more obvious. After the non-farm payrolls data surged to 2003 on Friday, the Bollinger Bands did not open, including the closing K-line, which closed within the Bollinger Bands range. Therefore, there is a high probability that it will still fluctuate at a high level at the beginning of the week, with the range set at 2005/1975. At the beginning of the week, you can do high-short, low-long transactions within this range. But if it effectively falls below 1975, the support points of 1962 and 1950 will gradually be seen below. Since gold still maintains a bullish trend for the time being, it is still possible to break through upward. Therefore, as long as the trend does not change in recent transactions, try to focus on short-term trading.
SELL:1990~1992
SL:1997
TP1:1985
TP2:1980
BUY:1977~1979
SL:1972
TP1:1984
TP2:1989
XAUUSD:31/10 Today’s Trading StrategyYesterday, gold opened at 2004.19 on Monday, with a high of 2006.69 and a low of 1991. DXY also experienced a significant correction in the short term, once touching 106.08.
Technically, gold has confirmed support four times in a row, and the lows have gradually risen, showing the strength of the market. Then gold broke through the channel and hit a new high by accelerating its sprint. This trend indicates that gold may rise further and start a new bull cycle. For the gold market at the beginning of this week, the focus of the market will be whether it can break through the channel range and reach a new high. If gold can maintain its strength and break out of this key position. Yesterday, there was a wave of retracement and correction in the market. This wave of retracement was reflected on the 4-hour chart. The market has slowed down slightly in the short term, but there is still room for growth. The key point is today and tomorrow, which will determine the strength and weakness of the market. Based on past experience, the pullback of a strong market usually does not exceed three trading days. Therefore, the third trading day will be an important node. At the same time, the correction space should not be allowed to be too deep, which will make it easier to resume the rise.
At present, gold is still showing a strong upward trend. Even if there is a correction, it will only be a short-term correction, and the overall trend is still upward. Pay attention to the support level near 1988 during the day. If this position is effectively supported, the target could be set at the $2040-$2050 area, or even higher. Gold's strong trend has not peaked, and any pullback is for better gains. So in terms of short-term gold operation ideas during the day, we still maintain a bullish approach, and we still cautiously participate in short orders.
BUY:1988~1990
SL:1983
TP1:1996
TP2:2002
SELL:2006~2008
SL:2011
TP1:2001
TP2:1995
XAUUSD:1/11 Today’s Trading StrategyIn Asian trading on Wednesday, the price of gold was around 1,984. Previously, the United States released a series of weak economic data, which stimulated investors' demand for the U.S. dollar, causing a slight correction in gold prices after rising slightly on Tuesday. However, despite the certain correction in gold prices, overall, gold is still supported by some positive factors.
The gold market was choppy yesterday. The price opened at 1995.7 in early trading and then fell back to 1990.4. However, after the US market opened, gold prices began to rise and hit the highs of 2008. However, due to the subsequent rise in the U.S. dollar index driven by fundamental factors, the price of gold fell rapidly in late trading, even falling below the early low, with the daily lowest price reaching 1978.6. Finally, the closing price of gold was 1983.8, forming a middle Yin line with a long upper shadow line. Such a trend indicates that there is technical downward pressure. The 4-hour indicator shows that gold is currently in a bullish trend, but it tends to fluctuate in the short term. The 1-hour chart formed a double top, and the price bottomed out during the U.S. trading session, but the upward momentum was insufficient. Therefore, for short-term gold operations, you can first consider converting to a main short operation, and then consider long operations after the correction. Gold rushes higher and retraces, and the operating space moves downward. Today, focus on the resistance of 1990-1993 for short-term short-term positions at the top, and the support of 1972-1975 at the bottom for long-term positions.
SELL:1990~1993
SL:1997
TP1:1886
TP2:1882
BUY:1972~1975
SL:1969
TP1:1979
TP2:1984
GOLDThe GOLD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum.
After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a bullish signal, suggesting that the pair could continue to climb