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 👩💻
Goldintraday
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
Please support my channel! Follow and comment with your ideas
Thank you
SOLOMON NUMBER of GOLD (XAUUSD)The Solomon Number of Gold is: 1782
Instructions:
A- Every decrease in price is an opportunity to buy. The Target is Solomon Number 1782
B- Once the Solomon Number is touched the analysis is no longer valid to enter or take long again.
D- Apply proper risk management according to your balance.
1st long entry@ now 1771
2nd long entry@ 1767
3rd long entry@ 1757
4th long entry@ 1753
TP1@ 1782
TP2@ 1789
GOLD intraday long opportunity The commodity has recently broken out of a channel down to the upside and after the impulse we appear to be forming an expanding triangle structure which would mean price is expected to hit the topside of the triangle soon presenting an intraday long opportunity, we will be observing what happens when price hits the top, I am expecting a rejection giving us a new opportunity to go short until price heads to the bottom area of the triangle, should happen in the coming days.
XAU/USD Triangle detectedHello guys,
Strong impulsion from the bears, and by consequence the trangle which confirms a great possibility that the price will go up to the triangle and then go down until 1829
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