Gold has ushered in a big opportunity, the target is 1920
This is a 4h chart. We can see that gold has reached 2070 twice in the past period of time, but both fell back quickly.
For the first time, it fell to around 1620, where it started an upward trend after a period of shocks. Until recently, it came to 2070 again. After a new high, the shock fell back, and it is now near 2020.
From 1620 to 2070, most of the reason for this is inflation. Although inflation still exists, compared to the past period of time, the economy has begun to recover slowly, and the intensity of interest rate hikes has also slowed down. I believe that in the near future, it will return to normal again, and the DXY will also be 105-109 again .
From the perspective of technical form, the increase of nearly $500, although it has some callbacks in the process of rising, it has not completed a very good backtest in the range of 1810-1910.
In the current daily and weekly patterns, the strength of the bulls has begun to decline. I think this is a precursor to the counterattack of the bears. They are only waiting for a suitable opportunity. The turning point may be when the NFP is announced next month.
This is a bold speculation, but it is not unfounded. In the next transaction, I will try my best to short at the high point, and the target is around 1920!
If you have enough funds to trade gold, or you have prepared enough funds to trade gold, I think, maybe you can try to seize this big opportunity like me! ! !
Share this point of view with my friends, I hope you can make more money and realize your dreams!
Goldintraday
XAUUSD: Operating strategy for the second week of JulyThis week's gold analysis: The trend of gold this week is still the same as last week, and it cannot get out of the range shock. I originally thought that the non-agricultural situation could break the current situation of gold. Still seems disappointed.
After bottoming out and recovering on Friday, it seemed that the rise was strong, but it was just in shape. After rising to the 1934 line, the bears had the upper hand, and there was no upward momentum anymore. Before I thought that the overall short position cannot be reversed if it does not stand above 1930, which also proves what I thought. At present, we can see that the price of gold has risen by about 25 U.S. dollars since the news of non-agricultural benefits came out, and the closing price is also firmly above 1925. It can only be said that the current gold short forces have been temporarily suppressed, and the bulls have the momentum to regain their dominant position, but before breaking through the 1940 position, it can be said. So what we are considering now is not to look long or short, but to consider the position of entry is the key. This week mainly depends on the release of CPI data on Wednesday to see if gold can break through the range and go in a new direction.
So this week's operation strategy, just find a suitable point to enter the market. Because I only do short-term within the day, so the operation is still the same as last week, just sell high and buy low. Net assets increased by 37% last week, hopefully I will make more profits this week! Focus on the 1910~1940 interval, follow my new post for more detailed entry timing
Gold trading recommendations today
Gold rebounded on a big non-agricultural profit on Friday, but it did not break through the key pressure of 1935. It is still a bearish downward trend. The pressure position continues to be short, bearish!
Although gold is currently undergoing a shock rebound, it has not broken through the suppression of the 4-hour long-term moving average! Gold has also pierced the moving average before, but in the end it did not stand firm, but continued to return to the downward trend! The current trend is also the same. After the piercing on Friday, it fell back quickly, and the pressure is still there!
Continue to short the pressure position! Moreover, there are three major peaks on the golden monthly line, and the daily line fluctuates downward. Before there is a turn-around signal, continue to follow the trend to the end!
Trading straregy:
gold: sell@1935 tp1:1920 tp2:1900
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold price fell below 1915, go longEntered the market at 1916 in the morning, and there was no TP in 1920, and finally fell sharply. At present, the bottom support is formed, and the short-term strategy in the day continues to be long
At the same time, when gold falls back to 1911/1910, you can enter the market in batches. In early trading today, it is given 1916~17 to do more. If you hold the 1900 line, we are short-term bullish. We will look at the follow-up direction in 1920
The fall of the golden hour line is normal and inevitable. The bottom of the candle chart is also obvious, and the triple bottom is more prominent. The gold price has also passed the long-lost resistance line 1912. The candle chart can still maintain 1912, so we go long directly
As long as the price of gold falls back, we dare to increase our positions, unless we break through the 1900 line
XAUUSD: Market outlook is still in 1910~1930In the morning, analyze the shock from 1910 to 1930. In the consolidation stage, go long at 1921, TP at 1927, and then short at 1927/1930 respectively. The market is not much different from the trend I updated on the TV public screen and the old post.
If you are short like me, then you must feel that gold cannot go down, and it will stop when it falls to 1926 at the lowest. .
Of course, it is also related to the early closure of the US market, and the market may not fluctuate much.
But have you ever thought about it, if you think differently from the bulls? I also feel that gold cannot go up, because 1930 has always been a hurdle for gold
I also made the reasons for the bearish near 1927 very clear. There is no data today, that is purely technical fluctuations, and when entering the market for technical fluctuations, we must take the initiative to grasp the possibility of 1930 double tops. The decline is very important. Although we may not see too much profit, we can make money as a wave of short-term trading.
Obviously, the current market has not fluctuated to this decline, and I think there is no problem in terminating the transaction before the market closes.
My principle is to leave tomorrow's money for tomorrow to earn!
So see you tomorrow!
XAUUSD: Go long at current price 1906, target 1920Yesterday, I went long first and then shorted. The BUY1906 and SELL1912 provided by gold all arrived near TP to close the order. Next, before the gold entity falls below 1900, the gold will be long and then short!
Gold once again recorded the bardo line on the daily line yesterday and closed at the 1907 line. The entity broke the previous low of 1920 line and the lower track of the 1913 Bollinger Band. Now the bottom support has transformed into top pressure.
In the short term, gold is currently seriously oversold. Today there is a demand for rebound and repair indicators. In addition, gold is close to the 1900 integer mark. Don’t blindly chase short here. In addition, the US dollar has risen to a weekly level of pressure. Pull back at any time, and gold and other entities will break the position The 1900 mark is considering chasing short.
XAUUSD: pay attention to the trend range 1910~1940As far as today's market is concerned, looking directly at the picture, the current upper pressure level is gradually lowering, and the short-term focus is around 1930. If it breaks through 1930, then rebound and continue to focus on the 1940 area. With a lower weekly close, we're leaning toward another bottom this week.
Therefore, in terms of operation, today it is recommended that gold rely on the two pressures of 1930 and 1940 to see the market and continue to short rallies, with the target around 1910! ! !
The market will focus on the initial monthly rate of US durable goods orders in May, which will be released later. The current market expectation is -1.0%. If it meets expectations, it will be the worst performance in the past three months. This expectation tends to support gold prices. However, the hawkish stance of most central banks around the world and the need to raise interest rates further may limit the room for gold's rebound.
In addition, this trading day also needs to pay attention to the seasonally adjusted annualized total new home sales in May in the United States, the Consumer Confidence Index of the Conference Board in June in the United States, the CPI data in May in Canada, and pay attention to the speeches of central bank officials such as the Bank of England, the European Central Bank and the Bank of Canada.
The trading signal SELL1929-1932 during the Asian session made a profit of 50 points, and it has already made a profit in advance today
XAUUSD: Today's downtrend remains unchanged and continues to breThe 1-hour chart is subject to the suppression of the moving average system, and still maintains a good downward trend. In terms of operation, it is recommended to be bearish rather than chasing short, wait patiently for the rebound to short the band, short-term rebound 1924~1920, stop loss 1930, target 1908-1892.
Gold fell 1% yesterday to hit a three-month low after Federal Reserve Chairman Jerome Powell testified before Congress. The prospect of more rate hikes from the U.S. central bank overwhelmed any support for gold from signs of weakness in the U.S. labor market. To be honest, the recent market is really difficult to operate. Last night’s review found that the U.S. dollar index and gold basically fell at the same time this month. This situation has happened before, but it cannot last for a long time. It depends on when the stalemate is broken.
From a technical point of view, gold continued to fall the next day, and the daily line closed with a big negative line with upper and lower shadow lines, and the overall trend is still in the downward trend since the new high.
XAUUSD: Pay attention to short selling near 1940~1936If you pull back strongly, pay attention to yesterday's high around 1940, and if you pull back weakly, you can go short in the 1936 area, so don't buy bottoms in advance
Short is the general direction at present, don't go against the trend or the market will naturally take care of you, follow the trend!
The maximum and lower limit of short positions in the day to see 1900
Gold trading recommendations today
The current decline of gold continues, the rebound is not the previous consolidation pressure in 1940, and 1937 continues to be short, bearish!
The 1-hour level of gold has already fallen below the previous support of the broader market, but this time the breakout is different from the previous two times. The previous two breakouts were followed by a rapid pull-up of the Dayang line and returned to the inside of the range! Although the Dayang line also pulled up yesterday, it did not return to the range, so it was a rebound after breaking the position, which belongs to the confirmation market of breaking the position!
The decline has been established, and the pressure of the high point of the rebound at 1937 is the short point to continue to go short! Let's pay attention to whether 1920 has fallen below. Today, Thursday, is it black?
Trading straregy:
gold: sell@1937 tp1:1920 tp2:1900
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD: Still short today! 1945 focuses onIf gold rebounds first within the day and sees around 45, it can be shorted, and the target below is around 25-15
Gold started to fall in the early days of the U.S. market yesterday, and the price of gold directly returned to the previous low of around 30. This position will continue to test the short-term support effect of the bulls
However, from the current point of view, the bears continue to fall, and the decline in this form is the energy accumulated after a long period of sideways trading, so the continuity in the later stage is strong, and the possibility of a second dip can basically be ruled out, while the bottom below The support will continue to be maintained at the 30 line, which is also the low point formed temporarily yesterday, and the decline in the US market yesterday directly opened up the daily line pattern completely, and the short- and medium-term moving averages began to suppress, forming a situation that is beneficial to bears. The upper pressure will also be maintained around the position of the short-term moving average at 45, which can also be used as one of the positions for the near-term top-to-bottom transition
XAUUSD:Short-term bearish within the day, and then rise againGold suddenly rose rapidly in the short term. The price of gold has now risen to around 1956. In the Asian market, the price of gold once touched a level around 1945. The price of gold has successfully touched our first target price of 1945. Waiting for the price of gold to fall below this level will confirm that the price of gold will continue The corrective bearish trend and fell to the next target 1913.
I continue to predict that the price of gold will be in a bearish trend for some time to come. From the 4-hour chart, the price of gold is below the 50-period exponential moving average (EMA), which supports the bearish expectation.
It should be noted that if the gold price breaks through 1956 and continues its upward trend, this may push the gold price's intraday outlook to turn bullish, and rise to the key resistance 1977, and then try to fall again.
The timing of long-short operations around 1956 needs to continue to pay attention to the follow-up trend
Intraday real-time trading signal follow-up update...
XAUUSD: sell high and buy low, look at 1951 in the dayOn the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls.
The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view is 1941 US dollars. However, due to the fact that the US market is closed, the market transaction is light. Investors continued to assess the future path of interest rates following hawkish comments from Fed policymakers.
Matt Simpson, senior market analyst at City Index, said: "Gold has spent most of June between $1,935 and $1,970, and with no obvious catalysts emerging, traders are more willing to trade within the range, not entirely. Hope to break out of the range."
Gold prices edged lower last week as traders ramped up bets on a July rate hike after a hawkish Federal Reserve paused after 10 straight rate hikes. Traders are currently pricing in about a 72 percent chance of a rate hike in July, according to the CME's "FedWatch" tool.
Christopher Wong, FX Strategist at OCBC Bank, said: "Historically, gold prices have probably outperformed at the end of a Fed tightening cycle. While the opportunity cost of holding gold has risen, we see lower real yields at some stage. It shouldn't be too long, and that could support gold prices."
Investors are now waiting for Federal Reserve Chairman Powell's testimony before Congress on Wednesday (June 21) and Thursday (June 22) for further clues about the future path of the Fed's interest rate.
The price of gold stands at 1962, and the market outlook is expeLooking at the daily line, if the price of gold can stand above 1962, the market outlook is expected to further touch 1985, which are the 23.6% Fibonacci retracement and 38.2% Fibonacci retracement of the 2082-1925 downward range. However, given that 1962 is in the recent intensive transaction area, it is more likely to fluctuate on this line.
Gold rose to 1964 in the Asian session; the US dollar index rose to 102.186.
The price of gold fell to 1924.73 yesterday, its lowest level since March 17. However, as the newly released U.S. economic data provided a new basis for the Federal Reserve to suspend interest rate hikes, the price of gold completely recovered the lost ground during the day and rose by more than 0.8% to close at 1957.81.
Data released on Thursday showed that as of the week of June 10, the number of Americans filing for unemployment benefits totaled 262K. value. U.S. industrial production unexpectedly fell 0.2% in May, following a 0.5% rise in April. The market had expected a rise of 0.1%.
"Gold is struggling because the Fed is still hawkish on inflation and interest rates," said Edward Meyer, metals analyst at Marex. Over the next two weeks, gold is likely to trade in the $1,931-$2,000 range, with strong resistance at the upper end, Meir added.
The Fed's updated forecast this week pointed to the resilience of the U.S. economy and suggested that borrowing costs may need to rise another 50 basis points by the end of the year. Traders are currently pricing in a 72% chance of a 25 basis point hike in July.
Meanwhile, the Bank of Japan maintained its ultra-loose monetary policy despite stronger-than-expected inflation as it focused on supporting a fragile economic recovery amid a sharp slowdown in global growth. Governor Kazuo Ueda delivered a speech after the meeting, noting that more time is needed to achieve the 2 percent inflation target.
XAUUSD: wait for the rebound opportunity to shortThe U.S. market has officially opened. With the opening of the U.S. market, gold also rebounded near the 1 9 5 2 position in the short term. The rebound was not in place, and we continued to wait and see with short positions. The current market trend is rising due to the impact of data values in the short term. , but do not consider chasing long, more is to wait for the opportunity to short, to see if gold will give the opportunity later.
Bullish fell back to yesterday's low instead, how to look at theThe market CPI is bullish tonight. It did not continue to rise and break through, but fell back to the low point of yesterday. In fact, it is still in the shock range of 1970-1940. Can we continue to try more today? I think it's worth giving it a try.
So I think:
Bold investors 1952-1950 light positions and long positions
Steady investors participated in the long range from 1942 to 1940
Follow me: Gold is still concerned about the timing of shorting The layout was short in 1946 in the early trading, and 10 points were harvested in 1955. The position of short selling in the afternoon is very critical. Since the European market did not form a direct pressure drop, the short-term is not extremely weak, and the European market once again fluctuated and broke high. It is also necessary to prevent it from rushing higher in the afternoon. However, the current anti-drawing force is still relatively weak, so it is recommended to go short in the afternoon, leaving room for additional positions.
Gold trading recommendations today
The main force will not make everyone comfortable, so it is still short today. Because today is the day when the monthly line ends, and the market is not that big, I judge that gold will close around 1955.
Although there is a bottom structure, the price of gold has not yet tested whether the support at the neckline is valid. Moreover, gold is about to approach the pressure level of the monthly line, and it is very necessary to retrace the test of the neckline. Only in this way can the gold price judge a complete turnaround.
Trading straregy:
gold: sell@1965 tp1:1955 tp2:1950
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
1925 or 1955? What will happen on Tuesday?The markets are busy today, and the US Dollar is losing value as investors anticipate a positive response to news of a US debt agreement.
The market is confident that Congress will approve the agreement on Wednesday, which is reflected in the performance of U.S. Treasuries and stock futures.
Gold prices are currently at a two-month low of $1,937, and there is a risk that they could decline further if investors continue to move towards riskier assets.
While the US Dollar's value is expected to remain relatively stable due to the Fed's upward bets and the recent positive economic data, there may be some fluctuations in the near future.
Anyhow, I still believe in another rally before the price returns to $1925.
And my rally target this time will be around 1955$ - 1960$
Let's wait for the running strategy.
Analysis of today's gold trading signals
Yesterday's gold strategy, my friends all got a lot of profits. At present, gold has remained stable from 1950 to 1955. We need to focus on the PCE data. This is an inflation data that the Fed likes very much. It will affect whether to raise interest rates in June.
At present, it seems that there may not be a good trading position between 1950-1955. Although gold fell below 1940 yesterday, it did not maintain this position well. It has now returned to above 1950 again.
In the trading day on Friday, my trading strategy may have to wait until gold comes above 1955-1960 again before I choose to start trading short again.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold trading analysis
The market is changing, and I must also change, the market resistance line 1984
The gold trend still has not broken through 1984, so it will continue to fluctuate, and if it does not break through, it is an opportunity to short
1984 has suppressed the price of gold, such a structure is that the rebound does not break through, the price of gold will continue to decline, before the breakthrough, continue to short is a good opportunity.
Trading straregy:
gold: sell@1980 tp1:1974 tp2:1970
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!