There will be a rebound after a sharp decline.
Gold has experienced a rapid decline in the short term due to market investors' concerns about Powell's speech and non-farm data, which led to an anticipated drop. However, after Powell's actual speech, gold did not rebound from the key support level of 1830 as expected by investors, but instead broke through this strong support level. This indicates that the overall market sentiment towards gold is pessimistic and not influenced by a small number of people, but the sharp and heavy drop this time was too much. Therefore, my personal opinion is to recommend buying on dips, entering the market with a small position, and taking advantage of the possibility of a rebound near the strong support level of around 1823 points, so investors can consider entering long positions around 1820-1823 with the first profit target at 1845 and the second profit target at 1852, with a stop loss around 1804.
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Goldintraday
Excellent Buying Opportunity for Gold.
On the 4-hour chart of gold, it can be seen that the current candle is supported by the 4-hour Bollinger midline and is oscillating upward. At present, it is once again testing the support level of the previous high and Bollinger midline around 1845, which is an excellent long position to take advantage of! Don't miss this opportunity as it may not come again.
There is pressure in the 1860-70 range above, so it is best to consider a short position only after touching that level!
Specific strategy:
Go long on gold at 1845 with a stop loss at 1837 and a take profit at 1860. I believe there are still many friends who bought long positions around 1860 and may be trapped. You can also consider increasing your position around 1845 and gradually unlocking the profits. Similarly, those who bought long positions at 1850 can also add to their position around 1845 and wait for profit-taking to exit.
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The opportunity for gold next week is here.
Hey, do you remember the perfect curve pressure on gold we talked about a few days ago at 1860? It's getting close now, so how should we view it next?
It's still a bullish trend, but with the arrival of the pressure level, the short-term trend of gold is likely to be suppressed first and then rebounded.
Short-term trading strategy:
It is suggested to focus on buying on dips next week, with short selling as a supplement, and the short-term key resistance level is around 1860-1870. For those who are trapped, this may be an opportunity. (As I do not know where your position is trapped, I cannot provide corresponding strategies. It is recommended to discuss with me directly.)
The short-term key support level is around 1845-1840. You can confidently buy on dips.
I will also pay close attention to the non-farm data next week and provide recommendations. Welcome everyone to leave a message.
TVC:GOLD OANDA:XAUUSD FXOPEN:XAUUSD
Gold buying point is coming soon.
The essence of trading is not how much profit can be made in a single trade, but whether one can achieve long-term and stable profitability.
Gold encountered resistance near 1860 and fell back. It is about to reach the short-term support level of 1840-1845, which is in line with expectations. Therefore, the next step is to patiently wait for the support level to arrive.
In terms of operation, you can directly open a long position at 1840-1845 with a stop loss at 1832 and a target at 1860-1865.
If you have other ideas, feel free to leave a message and follow me to make trading easier.
Gold sneak attack today, the final direction is bullish
Trading, don't expect everyone to understand you. Even if you do well, not everyone will like you, and not everyone will praise you for what you do. After all, others care about the results and do not look at the hardships you have endured. The same words can have different meanings depending on the speaker, and the same eyes can see things differently; the same heart can have different thoughts. People can only do their best and have confidence in themselves. You should understand that the market doesn't have sympathy for the weak, and it doesn't believe in tears. Eagles don't need applause to soar; grass can grow even if no one cares for it; wildflowers in the mountains can still be fragrant even if no one appreciates them. You don't need to make people understand what you're doing, you just need to put your heart and soul into it. You don't need to be liked in trading, just be true to yourself! In trading, we need "virtue," and when dealing with people, we need "heart."
As shown in the daily chart, the bullish signal is supported at the 1843 area, and resistance is concentrated at the 1875 area. As the market trend changes too quickly, you should avoid blindly chasing the rise and fall. As for short selling, we suggest that you can repeatedly participate in the pressure you encounter. The overall trading strategy is as follows:
Resistance: 1853-1875 Support: 1820-1805
Today's trading range:
For an aggressive approach, you can enter a short position near the 1860-1865 area, with a stop loss at 1870.
You can enter a long position at the 1840-1843 area, with a stop loss at 1832.
Gold: Forecast and Trading Strategy for Next Week
In the world of trading, the players control the game, the observers understand the game, and the participants play the game within the game.
What goes up high enough will eventually fall deep enough, and what falls deep enough will eventually rise high enough. This is an eternal logic in financial markets, where the core lies in volatility that creates value and opportunities. Investors and speculators participate only when there is volatility.
The financial market itself does not generate profit, but the speculative price difference of buying low and selling high can produce profit. It is nothing more than buying when someone else sells, or selling when someone else buys. Therefore, to avoid being eliminated, one must understand the game, and to understand the game, one must abide by the market rules.
Looking at the daily chart of gold, the downward wave has ended and the rebound phase has begun. Next week's pressure is concentrated in the daily Bollinger upper band at 1875 and the 1870 moving average area! Moreover, on Friday, the market directly broke through the pressure of 1850, so the trend next week will continue to be bullish. After rising above 1870, consider going short!
There are two possible trends for the next market. The first is to continue the strong upward trend, directly breaking through the pressure of 1875 and testing the previous high position. The second is to maintain the oscillation within the large range of 1870-1800! Looking at the weekly chart, the bullish trend is slightly stronger, but a big oscillation is inevitable after rising to around 1875!
In short, the strategy for next week is to go long first, adjust the mindset according to the trend after the pressure position, and follow my rhythm to continue making profits!
The bottom of gold is established, step back and wait for the op
In many cases, when we encounter failures, it is because we lack that little bit of persistence, a little bit of indomitable perseverance. It is clear that the dawn of success is in front of us, but we don't have the confidence and perseverance to persevere. As a result, all the hardships and hardships we have suffered before are in vain.
Gold continued Friday's rapid rise, and the short-term pressure and shocks hit the sideways market in the short-term. Friday's breakout has opened up space above, so we follow the market and remain low and bullish during the day. For gold operation, it is recommended to buy at 1848, risk control at 1844, and target 1860~1864.
Gold is bullish for several reasons:
1. Gold breaking through the previous high means that the bullish trend is not over yet, and there is still room above the daily closing.
2. The intraday pressure is 1864~1873, and the support is 1848~1844.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Gold: Long position, target 1870-1875
Hello everyone, on the hourly chart, gold has formed a double bottom structure and forcefully broke through the previous moving average resistance and the consolidation resistance at 1850. There is no doubt that gold has turned into a bullish trend! Therefore, the only trading strategy is to go long! The target is 1870-1875, which is where the upper band of the Bollinger band is located on the daily chart and has a certain resistance, so the target is set at 1870-1875 for now.
The entry points are 1850, 1845, and 1840 respectively. This large range belongs to the support range and is more suitable as a buying point.
I will continue to track the gold market and update my trading strategy. Thank you for your attention and support. If you have any questions, please leave a comment and I will provide you with the most sincere and responsible solutions. Wish you success!
New gold layout with a profit of $100!!!From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%.
At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data.
Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data.
If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone.
I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
The bulls counterattack, can the non-farm week go up to 1900?
You understand when others don't understand, you act when others understand, you succeed when others act, and you become rich when others succeed. This is: extraordinary thinking, foresight. Smart people can understand, shrewd people can see accurately, and savvy people can see far. The voice of the wise is the direction of the fool. You must learn to give up what you should not have, otherwise you will not be able to enter the palace of wisdom. Prejudice is worse than ignorance
In the past week, the trend of gold price has basically revolved around the rebound of the bulls. The daily level performance closed positive for four days, and it even rose to 1856 at the end of Friday and then closed the line. On the weekly line, a big positive package was formed. The negative reversal pattern, which is what we reminded last week, is the long counterattack after the monthly line ends, which is exactly in line with expectations~
After the monthly line closes, the 5/10 daily moving average indicator at the monthly line level is still bullish in the mid-term. As I said, if the price of gold is above 1790, it is possible to arrange mid-line long orders, but it is a pity that the lowest retracement on Monday is only around 1804, and the mid-line long orders have not been able to complete the layout, but this week's short-term long-term profit is not small~
Although the weekly level of the 5/10 daily moving average is dead fork downward, the reversal of the Dayang K-line directly disrupts the track of the moving average indicator. Next week, the 5-day moving average will form a corner, so the weekly level is basically difficult. Now comes the suppression on the technical side. Lianyang rebounded on the same daily line. The fundamentals of gold at the beginning of next week will definitely be bullish. It is not too difficult for the technical side to be bullish above 1875. In the short term, there may not be any Larger pullback~
Next week will usher in the announcement of the super data ADP employment and non-agricultural employment population. At the beginning of the week, we continue to be basically bullish. With a population of 500,000, it is a major bearish force for gold and silver, but it is difficult to maintain the employment population above 500,000 this month. This is a potential bullish factor that stimulates gold prices to rebound before non-farm payrolls, slowing down the release of non-farm payrolls. Announcing the downward pressure on the US dollar at that time~
To sum up, whether it is before or after non-agricultural, I am personally optimistic about the performance of gold bulls. Before the data at the beginning of the week, it was bullish to the 1875-1885 area, and it is expected to hit the 190 mark within the week. The limit is the 1910-1920 area~
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on.
-Trade Setup will only be valid if we have good rejection to ‘red marked area’.
-If price comes to area range enter with 50-60 stop loss.
-First target 100 pips once achieved close 50%.
-Do not enter earlier with bigger stop loss.
-Trade smart and wise.||
Good luck and Trade safe. Remember, Patience Pays.
What should be noted in hedging gold futures?Generally, traders who participate in buying and selling gold futures contracts sell and buy back the same number of contracts as the previous contract before the contract expiration date, which is known as closing out, without the need for physical delivery of gold. The profit or loss from each transaction is equal to the difference between the buy and sell contracts in opposite directions, and this trading method is commonly known as hedging.
Gold investors will hold two losing positions in hedging. It is precisely because their positioning in hedging is somewhat misguided that they suffer heavy losses in actual trading, making people fearful of hedging transactions.
Common structural flaws in hedging transactions include: investing too many products in hedging plans, excessively using embedded leverage trading, making products too complex, insufficient research on how hedging transactions are executed in rising or falling prices, and speculating under the guise of hedging.
So what should we pay attention to?
Gold: Fall before rise
On the 30-minute chart of gold, we can see a clear resistance range between 1840-1845. This range will be a short-term opportunity for us to go short, as long as there is no significant event that affects it.
When it retraces to the support range of 1830-1832, we can go long in the support range.
Follow me, and I will provide real-time updates on the latest developments of the trades!
Gold is under short-term pressure and may usher in a wave of adj
Gold continued to rise yesterday, and it is now approaching the high point area of the previous platform. If it cannot break through quickly here, it will fall into the consolidation stage again in the short term. Therefore, today we mainly look at the trend of shocks and pullbacks from high levels. For gold operation, it is recommended to sell at 1840, risk control at 1844, and the target is 1830~1825. If it does not rebound, it will fall directly to around 1829, and do a long short-term.
Gold sees adjustments for several reasons:
1. Gold has entered the pressure zone formed by the golden section of the previous high point, and there may be a downward trend if it is under pressure.
2. The intraday pressure is 1844~1847, and the support is 1830~1825.
My friends are welcome to discuss in depth and leave your valuable suggestions. I will give my analysis and suggestions every day.
COMEX:GC1!
Gold: Short selling
Observing the 1-hour chart of gold, MACD indicator has shown a clear divergence.
The increase has reached as high as 40 US dollars from yesterday to today, so a short-term pullback is necessary.
Therefore, short-term trading will be bearish dominant, supplemented by bullish, until the correction is completed. From a long-term perspective, it is expected to rise until it reaches 1860 US dollars.
If you liked this idea or if you have your own opinion about it, write in the comments. I will be glad!
FXOPEN:XAUUSD
FOREX GOLD XAUUSD LONG and SHORT support and resistance 18-08-20FOREX GOLD XAUUSD LONG and SHORT support and resistance 18-08-2022
GOLD SIGNALS
FOREX LEVELS TODAY
TODAY GOLD LEVELS
BUY SELL GOLD
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GOLD trade idea (TUE - 16/08) : SELLI put this down much earlier but it was hidden by TradingView.
Simply continuing from its current bearish trend , GOLD will look for liquidity downwards.
Picked the near swing high to analyse this trade.
There's a lower TP if you'd like.
*Enter at your won discretion, this is simply an idea*
Intraday GOLDUsing Fibonacci, from the lowest to the highest points from the market last sessions, we can see that 1845 is a important level.
I believe gold will rise, but some levels need to be reached! I will be looking for 1820s to enter some buys
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