GOLD 4H : Retest and then will drop GOLD
New forecast
The price perfectly fulfills my last idea and we got profit about +70 pip.
The price of gold confirmed breaking the 2017 level and the 2007 level after closing yesterday’s trading below it, to fall under bearish corrective pressure again, on its way to visiting the 1977 level, with a reminder that breaking this level will push the price to visit the next corrective level at 1968.
Therefore, we expect to witness further declines during the coming sessions supported by the negative pressure formed by the moving average 50, noting that the 2017 breakthrough will stop the current negative pressure and push the price to try to recover again so now it is possible to start a positive correction until 2007 level and then will drop .
The expect range trading for today it will be between resistance line 2007 and support line 1977 until stabilized .
support line : 1977 , 1968
resistance line : 1993 , 2007
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Goldintraday
XAUUSD: 12/2 Today Analysis and StrategyGold technical chart, daily pressure 2040-2053, support below 2020-2000
Four-hour pressure 2034-40, support below 2029-2020
One-hour pressure is 2034, support below is 2020
Operational suggestions: Judging from the daily analysis, the short-term pressure at the top today will focus on around 2035-40, and the bottom will further test the strength of the support near 2020.
SELL:near 2040
SELL:near 2020
BUY:near 2010
BUY:near 2000
XAUUSD:6/2 Today’s Analysis and StrategyGold technical chart, the pressure above the daily line is 2053-40, and the support below is 2020-2000
Four-hour pressure 2029-40, support below 2020
One-hour pressure 2029-40, support below 2020
Operational suggestions: From the daily perspective, 2040-45 will continue to maintain a short direction under pressure during the day.
SELL:near 2040
SELL:near 2020
XAUUSD GOLD Trade IdeaGOLD XAUUSD has rallied on the 1D time frame and we can see a clear break above a previous high. Price is currently testing a key resistance level. We are considering a buy opportunity if price retraces into the 50-61.8% Fibonacci zone. This analysis is solely for educational purposes and should not be considered financial advice.
XAUUSD:29/1 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 2025, support below is 2012-2000
Operational suggestions: Today's morning opening opened slightly to 2028 under the influence of the weekend news. This position is also an important resistance level today. Counterattacks during the day will continue to focus on 2032. The short trend remains unchanged. The short-term short-term weak dividing line is 2040- 43. Any counter-draw before the intraday level breaks through and stands on the 2032 line is a short-selling opportunity. The main tone of participation remains unchanged.
SELL:near 2040
SELL:near 2032
SELL:near 2020
Technical analysis only provides trading direction!
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
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!
Gold's Route to 2080+ resistance region This pattern is maturing and showing indications that the 2080 resistance region will be met in due course. I believe we'll see more downside towards the bottom of this wedge to fully mature this pattern before moving (taking a long) towards our 2080 target. From there, a rejection can allow a short. A breakthrough can allow us to take a long position.
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
XAU/USD 22 Jan 2024 Intraday Analysis-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
After the swing BOS price aggressively moved to the upside.
Price printed double bullish iBOS to confirm swing pullback phase is complete.
Currently internal structure remains bearish following second bearish iBOS. Price pulled back to premium 50% EQ.
Expectation is for price to continue to trade bearish to target weak internal low.
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.
Gold Wednesday analysis
Gold fell directly from 2054 to 2025 today. The current trend is to form a triangle pattern. When gold rebounds to 2032 tomorrow, it will determine the trend of gold prices. If it breaks 2032, it will continue to rise to around 2048. Or down to around 2003 when it hits 2032.
I'll update my thoughts tomorrow. If you like my analysis, please give me a like and join me.
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.
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.
XAUUSD: 9/1 Today Analysis and StrategyGold technical chart daily pressure is 2040-2053, with support below 2000
Four-hour pressure is 2040, support below is 2031
One-hour pressure is 2040, support below is 2031-2024
Operational advice: Gold has now broken through the 2040 mark, and today’s rebound will mainly be short selling.
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
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
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!
XAUUSD:3/1 Today’s Strategy and AnalysisGold technical chart daily pressure is 2088, support below is 2053-2040
Four-hour pressure 2069-2088, support below 2053-5040
One-hour pressure 2069-2073, support below 2053-2066
Operation suggestion: Today, focus on 2053/2040 below. Try to go long at this position. If the 2040 mark is broken, the short trend will start. Just continue to go long above the 2066 mark above.
BUY:2066 near
BUY:2040 near
SELL:2065 near
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 👇
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!