Thursday Market Analysis and SignalsGold fluctuated in a narrow range on Thursday and is currently trading around 2,500. Gold prices bottomed out and rebounded on Wednesday, hitting a nearly two-week low of 2,471 during the session, helped by a decline in the US dollar and US Treasury yields after a decrease in US job vacancies raised expectations that the Federal Reserve would cut interest rates by 50 basis points in September. Gold prices reversed their gains as a result.
The slight slowdown in the US economy has led to a pullback in the US dollar and continued lower interest rates, which has supported the gold market. In addition, the ADP employment and initial jobless claims reports to be released on Thursday, as well as the NFP employment report on Friday, will also be closely watched, and the market will use them to look for clues to the Fed's path to rate cuts.
Investors and Fed officials are keeping a close eye on the labor market after unemployment rose for four consecutive months, fueling concerns about a recession. Economists stick to their forecast that the Fed will cut interest rates by 25 basis points at its meeting on September 17-18. Much depends on the August employment report scheduled for release on Friday.
Gold daily line formed a long lower shadow and closed up. The price came to the MA5 daily moving average. The lower side tested the middle track of the Bollinger band. The price stopped at the middle track 2471. The upper MA7 daily moving average 2500 mark focused on whether it could stabilize during the day. The short-term four-hour chart price stood on the middle track of the Bollinger band. The RSI indicator adjusted the middle axis. The moving average opened upward. The technical side was bullish. The overall rhythm rose and fell after a slight adjustment during the day. If the data is bearish, the daily line will again show a long and short cycle.
Trading strategy:
2480-2485 long, stop loss 2473, target 2500-2510;
2505-2510 short, stop loss 2516, target 2490-2480;
For more signals and analysis, please check my profile
Goldintraday
XAUUSD: 4/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2496, support below 2450
Gold operation suggestions: After a series of shocks, the short position of gold finally exerted its strength yesterday, and the lowest price in the US market reached around 2473. The Labor Day holiday on Monday also directly stimulated the outbreak of long and short energy in the later period. This week is also the NFP data week. With the release of NFP data, the volatility and long and short trends of gold in the later period will also change further. The previous low point is maintained at 2470, and yesterday's retracement touched the lowest level near 2473 and rebounded, but did not break down. Then this position can still bring certain support to the bulls, and the key suppression point above is maintained near the top and bottom conversion area of 2507. Before NFP is released, it is still expected to be short in the short term and cannot change its trend.
From the 4-hour analysis, the current upper resistance focuses on the 2496-2505 line. The pullback continues to be bearish based on this position. The short-term gold price long and short strength dividing line focuses on the 2515 mark. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity, and keep trading with the trend.
SELL:2496near SL:2500
SELL:2508near SL:2511
SELL:2525near SL:2529
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
9.4 Gold short-term operation strategyGold 2480 broke as expected.
The US dollar rose 0.26% during the week, hitting a two-week high of 101.9. Affected by the surge in the US dollar index, the price of gold hit a new low of more than a week to around 2473 yesterday. However, the poor performance of the US ISM manufacturing PMI data dragged down the US bond yields, providing support for the gold price. It rebounded slightly in the late trading, and the daily line closed with a small negative column with a long upper and lower lead.
The market is waiting for the US non-farm employment data, which may determine the scale of the possible interest rate cut at the Federal Reserve's September policy meeting.
After the US holiday on Monday, gold finally broke out on Tuesday, breaking through 2480 all the way during the session and reaching the 2473 line. As we said, the market reached 2480. The 2502 short order given yesterday was basically the highest short order of the day, and once won 22 points of profit.
The recent market is actually a market for making money. As long as gold rebounds, you can short it. The current price is more stimulated by the news, and it will not be supported for long. At present, 2480 has been broken. The area of 2473-74 is a strong support. If it breaks down, it will go to the 2460 line. Based on the current trend, there is still a high probability. The 4-hour trend shows that the downward channel has been opened. If it rebounds around 2500 today, you can participate in short orders.
Detailed intraday operation strategy:
Short at 2505, defend at 2513, target 2490-2480
Buy at 2480, defend at 2473, target 2500-2505
9.4 Analysis of Short-term Gold OperationsThe U.S. market broke the bottom and reversed, with three negative daily lines, and the price completely broke the short-term 5-day and 10-day moving averages.
2490 did not hold, but this decline was not restless either.
1. They all fell first in the Asian market.
2. The European market is still rebounding and rising, forming an illusion of support.
3. The U.S. market fell 6-8 points before the intraday low, and the drop at this point basically determined the U.S. market to retreat.
4. The U.S. market continued to counterattack the 2502 line, which was considered a shock. It broke the intraday decline and rebounded 618, and also broke the top-bottom conversion level.
5. After the US market broke through the bottom, the difference was slightly 2470-1, the previous low.
6. It pulled back upward in the early morning, touching the intraday drop of 618 at the 2494 line.
From this we can see several points:
(1), it fell in a cycle in the morning.
(2) Oscillating retracement, the strength of the rebound is also OK. Although the decline is large, it can be closed up, and it is not an extremely weak decline.
(3) The daily rhythm is three Yin, reaching the edge of the maximum correction. Today's market should turn positive. This pattern, if there is a swallowing decline, the overall weakness will be weak, but this constitutes that it should still be a bull wash.
Therefore, in terms of operation:
You can get rid of the cycle and bet on the retracement first. The resistance level is 2492, which is the 618 position of yesterday's decline and rebound. If it breaks 2502, it will lose money and look at the 2483-4 line.
Pay attention to two points: if it falls in the morning, you should sell in the afternoon.
In addition, if the morning does not fall to the target level, it will break the high in the afternoon and the short will be evacuated.
There will be a cycle in the afternoon, and the European session will rise.
If the cycle in the afternoon is stuck, if it touches the 2483-4 line, it will be long, and the loss will be 73. Look for the intraday European session to pull up. The extreme retracement long position is 2481.5, which is the 618 position of the rebound and rise. But if the market resists the decline in the morning, it will be more aggressive in the afternoon, and the market will be above 2500.
XAUUSD: 3/9 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2501, support below 2490
Gold operation suggestions: Yesterday, gold fell rapidly downward in the Asian session, pierced the 2500 mark and quickly rebounded near the 2490 mark, and fell into a shock consolidation. In the European session, it once rebounded upward and pierced the 2507 mark, suppressed and fell into a sideways shock. Because the NY market was closed yesterday, it ran in a narrow range. The overall price showed a shock consolidation below the 2515 mark. Gold still has a multiple top structure in 4 hours. The moving average resistance has now moved down to the line near 2507. Gold rebounded below 2507 and continued to be short at highs. Gold shorts have not ended yet. Gold rebounds are opportunities for shorts. Gold is now building a top structure. Once formed, the decline of gold has just begun.
From the 4-hour analysis, today's upper resistance focuses on the opening of yesterday's decline at 2507-12. The intraday rebound relies on this position to continue to fall back. The lower target continues to look at a new low. The short-term gold price long and short strength watershed focuses on the 2515 mark. Before the daily level breaks through and stands on this position, maintain a short-selling strategy.
BUY:2490near SL:2486
SELL:2508near SL:2511
SELL:2525near SL:2529
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD, raid for liqudity! Ver thik, her ek kom!Gold just took liquidity from the previous day's low (PDL) and previous week's low (PWL). It had the first market structure (MS) shift on the 15-minute chart, and now, after some consolidation and testing of the 15-minute order block (OB), it will most likely continue higher to take out liquidity from the equal highs (EQH) in the 2528-2531 area (which also includes the previous month's high (PMH) and previous week's high (PWH)). This aligns with the monthly theory that suggests price manipulation at the beginning of the month, followed by the real move during the 2nd and 3rd weeks of the month.
I would wait until the price moves higher to the 2507 area, breaks above it, and closes on the 15-minute chart with the candle body above the London open high (LOH). Only then would I open a long position targeting the previous week's high (PWH).
Always follow risk management: after a 1:1 risk-to-reward (RR) move, adjust the stop-loss to the entry point. At 1:2 RR, either take full profit (TP) or trim 80% of the position.
9.3 Gold short-term operation strategyAt the beginning of the Asian session on Tuesday (September 3), spot gold 4 hovered below the 2500 mark and is currently trading around 2495 US dollars per ounce. Due to the strengthening of the US dollar, the price of gold fell to the lowest point in more than a week near 2489 on Monday, but then rebounded to around 2507 yuan and closed at 2499, with a small negative column with upper and lower leads on the daily line.
During the US holiday, the overall volatility of gold was small yesterday, and the intraday short-term was still dominated by fluctuations. Although the gold price fell below the 2493 support during the day, it quickly recovered, but the rebound strength was still weak, especially the hourly line. After a small rebound in the white plate, it fell all the way, with basically no rebound strength. In the morning, it came to 2495 again. This trend, from the perspective of the day, will definitely continue to decline, and 2480 is expected to be reached.
Gold is now in a multiple top structure above, and the trend of the hourly line is obviously falling. The gold short has not ended yet. The rebound of gold is an opportunity for the short. Gold is now building a top structure. Once formed, the decline of gold has just begun. Today, we are still shorting near the rebound of 2505, which is the starting point of the hourly line decline.
Detailed intraday operation strategy:
Short gold at 2505, defense 2512, target 2490-2480
9.3 Gold short-term operation strategyGold fluctuates to welcome non-farm payrolls
Gold fell in the Asian session on Monday, rebounded in the European session in the afternoon, rebounded slightly in the US session in the evening, closed early in the morning, and finally made profits twice. The daily line closed with a small cross Yin pattern. The daily line has been mainly oscillating in recent times
Gold bottomed out and rebounded in the Asian session on Tuesday. The 4H closed with a small Yin at 10 o'clock. From the current pattern, gold still has the momentum to fall. In terms of operation, pay attention to the 2480-2482 range. Go long for the first time it touches and look for a rebound. Other positions are arranged on the spot.
Today's PMI data will also be focused on
On September 3, the upward point is 2480-2482, long, protect 2474, and target 2490, 2498
Downward point is 2510-2512, short, protect 2515, target 2500 2495
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XAUUSD: 2/9 Today's Market Analysis and StrategyGold technical analysis
4-hour resistance 2525, support below 2496
1-hour resistance 2513, support below 2485
On Friday of the last three days, gold was blocked near 2525 for the fourth time, and continued to fluctuate at a low level today. Due to the Labor Day holiday in the United States, the market trading volume has decreased, and you can sell high and buy low based on resistance and support. It is expected that gold will continue to fluctuate slightly.
BUY2485near
SELL2513near
SELL2525near
Technical analysis only provides trading direction!
gold outlook🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements
The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks.
- 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that even strong trendlines can break.
- Sideways Market (20th Aug - 30th Aug): After a strong upward move, the market entered a consolidation phase, trading sideways within a defined range. This often indicates indecision, as buyers and sellers struggle for control.
- Break of the Sideways Market (30th Aug): On the 30th of August, we saw a significant break below the sideways range, suggesting that the bears might be gaining control.
Potential Movements:
- Upward: If the market manages to recover above the broken trendline and retests the upper levels, this could signal a continuation of the previous upward trend.
- Downward: Conversely, a failure to reclaim the trendline, coupled with continued selling pressure, might confirm a bearish movement, with the possibility of further decline.
Remember, anything can happen in the market. It's crucial to wait for clear confirmations before entering a trade. Stay alert and be ready to adapt to the next move!
XAUUSD: Today I waited until 2530 before tradingAs can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was quite regrettable.
But think about it the other way around. You should be content if you can make money, because you can't make money in all trends. It's always better to make money than to lose money, isn't it?
Yesterday before I took a break, I said that if the historical high cannot be refreshed today, then gold may start to fall. This high point has been attacked many times. After many unsuccessful attacks, the bullish force will weaken. Therefore, whether this attack can be refreshed is a key point. Please keep an eye on it.
How should I trade today? To be honest, I am not sure for the time being, because the current position is in the middle of support and resistance. If I continue to be bullish, it is too far away from the lower support. I feel that there is a risk. If I am bearish, it is still more than ten dollars away from the upper resistance, which is also risky.
Therefore, I think it is better to wait and see. Today, three US data will be released. When the data comes out, I think the direction of the market will be much clearer.
Trading strategy:
If it can break through the historical high today, I think it can chase the rise, with a target of 2550-2570
If it encounters resistance near 2530 today, you can consider selling at a high level, with a target of 2505-2500
XAUUSD:29/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2525/2550, support below 2494
Gold operation suggestions: Gold's downward momentum last night was very strong, but the energy of the early morning rebound was also relatively strong. At present, the low point of the medium-term trend of the gold hourly line has been in a continuous downward stage. The disk shows a trajectory of weak and oscillating decline, but it began to stabilize and rebound near 2493 yesterday. At present, the Asian session broke through the moving average pressure level and attacked 2521, and it is very close to the upper pressure level of 2526-2528! Need to wait patiently!
Judging from the current trend of gold, the upper pressure remains around 2525-50, and the lower support remains around 2490-2494. Before the lower level fails to break, there may still be a period of range oscillation in the short term, and gold rebounds. If there is no breakthrough near 2525-30, you can go short.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2528near SL:2533
⚠️The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD: Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold retreated slightly after opening yesterday, and then retreated again, reaching a maximum of around 2527, approaching the previous high point, but unfortunately, the bulls did not break through the high point again, but retreated under pressure. The current market is still in a weak form, and we need to wait for the confirmation of the European session before we can confirm the long and short direction in the later period.
From the current trend of gold, the upper pressure is maintained at around 2518-20, and the lower support is maintained at around 2494-2500. The current price is still in the middle, and the long and short still need to wait. The ideal entry time needs to wait for the European session to give a direction, and then trade in the US session. Before the lower position fails to break, it may continue to fluctuate in the short term.
BUY:2494near SL:2490
BUY:2500near SL:2494
SELL:2518near SL:2523
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
8.28 Gold operation analysisGold hit the upper Bollinger Band in 4 hours, and the long orders at 2507 have made profits first. It is expected that gold will retreat to the vicinity of the middle band.
Today, gold is likely to hit a new record high again. The daily line has three consecutive positives, and the bulls are ready to try to break the record high. The conservative approach is to wait for the gold price to fall back to the middle band again before we go long.
In the strong upward trend of gold, do not buy the callback, and go long at will. Technology leads the direction, ideas lead the market, and accurate points are the key to success
Trading strategy: Long gold near 2505, stop loss 2495, target 2540
XAUUSD: 26/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2550, support below 2450
Four-hour resistance 2550, support below 2494
Gold operation suggestions: Gold opened today with a slow rise and shock pattern, and today's trend should be consistent with the trend at the end of Friday. Today we follow the trend to go long, but we are not in a hurry to enter, waiting for the opportunity to enter.
Judging from the current trend, today we will focus on the short-term support of 2501 below, and focus on the suppression of last week's high of 2531 above. Continue to go long after the retracement. The market is changing rapidly, so observe the reaction of gold.
BUY:2494near SL:2490
BUY:2500near SL:2494
BUY:2507near SL:2500
Technical analysis only provides trading direction!
This signal is not a real-time trading guide, so please use a small SL to test the signal
Gold short-term operation analysis suggestionsGold fluctuated and rose under the speech of Fed Chairman Powell, rising from 2504 all the way to 2516, an increase of 12 points, and then consolidated and tested back and forth, but failed to reach the resistance point of 2520.
Powell made it very clear in his statement that inflation is falling. In addition, the Fed believes that inflation will continue to fall and employment has not been adversely affected. Powell wanted the market to know that the Fed was not behind the curve. By clarifying the possibility of a rate cut in September, Powell is actually cutting interest rates a month in advance. The timing of the first cut is clear, and the magnitude is still in suspense. I don't think the Fed will suddenly cut interest rates by 50 basis points. Slow and steady is the way the Fed hopes to implement easing policies in the early stages.
Resistance level 2520 2530 2550
Support level 2505 2500 2490
8.23 Gold Short-term AnalysisGold fell all the way to 2475 after the release of the number of people applying for unemployment benefits in the United States on August 17 at 10:00 Eastern Time, and then rebounded slightly and is currently trading around 2493.
Piovano pointed out that the market's attention is still focused on the speech of Federal Reserve Chairman Powell in Jackson Hole.
This will determine whether gold can stand above the new historical high of 2530 or fall below the third support line of 2450.
Support level: $2470.85/ounce; $2450.22/ounce; $2430.35/ounce
Resistance level: $2519.18/ounce; $2531.76/ounce; $2535.00/ounce
Do you have any different opinions and suggestions on gold?
Please like and comment
XAUUSD:22/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2550, support below 2500-2450
Four-hour resistance 2514, support below 2500-2494
Gold operation suggestions: Gold fluctuated in the range yesterday and was shot down again at 2519. The slight rebound in the Asian and European sessions was under pressure at the 2519 mark, forming multiple suppressions. The European session fell down and broke through the 2500 integer mark to reach 2493 and stabilized and rebounded. After the news was released, the gold price quickly rose and pierced the 2519 mark and fell back.
From the current market trend, the support below continues to focus on the vicinity of 2494, and the pressure above focuses on the vicinity of 2514-2530. Continue to rely on this range to sell high and buy low during the day. If it breaks through, trade with the trend.
BUY:2494near SL:2490
BUY2500near SL:2494
BUY:2514near SL:2510
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
8.22 Gold Operation AnalysisGold fluctuated and fell during the European session after the release of the US weekly jobless claims data on August 17. It has now fallen below the support line of the lower Bollinger band of 2485. The data is lower than expected. Gold should have been bullish, but it fell instead of rising.
For this situation, my personal analysis is that the bulls may be accumulating momentum to fall back and rush higher.
The long-term trend of gold is definitely rising, but it will inevitably fluctuate and consolidate in the medium term.
Key resistance levels are 2498, 2512, 2522, and 2530.
Key support levels are 2483, 2473, 2463, and 2450.
8.22 Gold Trend Operation AnalysisThrough the analysis of automatic trend lines and trend charts, we know that gold has rebounded from the 2499 line below in the early trading. It is still a little short of the first support level below. The short-term 2508 line has become the critical point between long and short positions. The short-term upper 2518 line is the first pressure level. In the short term, it will continue to fluctuate and consolidate in this 20 US dollar space. In terms of operation, we continue to focus on buying on dips with the idea of high-altitude and low-multiple.
Short gold at 2518, stop loss at 2526, take profit at 2500;
Long gold at 2498, stop loss at 2490, take profit at 2513.
What are your different views on gold? Welcome to like and comment
8.22 Gold Operation AnalysisFrom a technical perspective, the 4-hour candle trend of the gold K-line chart is stable and currently fluctuates sideways at 2508.
Operation suggestions for the short term
2505 long position, take profit at 2520, stop loss at 2497
2515 short position, take profit at 2505, stop loss at 2523