XAUUSD:15/8 Today's Market Analysis and StrategyGold technical analysis
Daily level upper resistance 2500 lower support 2418-2400
Four-hour upper resistance 2500 lower support 2439-2417
Gold operation suggestions: Yesterday, the technical side of gold slightly rose and pierced the 2478 mark after the release of CPI data in the evening, and then fell rapidly under pressure, reaching the lowest level near 2438. In the short term, the gold price will enter a short adjustment pattern.
From the current trend of gold, there is a rebound at the support level of 2437-2440 below. We continue to pay attention to the short-term suppression of 2457-2460 above. The intraday rebound relies on this position to look at the decline first. The lower target continues to pay attention to the new low. Before the daily level stabilizes at 2460, it is temporarily bearish.
SELL: 2461near SL: 2465
SELL: 2439near SL: 2443
BUY: 2401near SL: 2397
Technical analysis only provides trading direction!
Goldintraday
8.15 Can the gold trend reach a new high?My personal outlook for gold in the future is that the price is expected to rise to a new high. The US dollar and earnings will continue to fall
But there may be deviations in the short term! You can also consider shorting at high levels!
With the positive CPI data released yesterday, gold should have created a new high, but it quickly fell back, causing gold to fall by 1.5%. This also allowed us to quickly seize the opportunity for short-term trading and quickly exit with profits!
I personally suspect that the situation last night was that big investors were using data to ship goods. They sold heavily when traders entered the market yesterday, causing gold to fall rapidly!
As for the data released tonight, retail sales, industrial production, and the number of people applying for unemployment benefits in August are important data for whether gold can stand on a new high, which will be a new trading opportunity!
If it is weaker than expected, the US dollar will continue to fall, while gold will rise all the way
At the same time, we will also make preparations for both situations
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly.
The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people!
This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly.
Today's profit is 7000+
CPI data comes, gold price is expected to exceed 2500Judging from the current gold price, I think it is of little significance to refer to technical indicators.
From the hourly chart, it is not difficult to see that gold has been fluctuating in the range of 2458 lows and 2475 highs in the past two days, and this state is very likely to change after the release of CPI data in 1 hour.
The current gold price shows an obvious bullish trend under the influence of geopolitical crises, interest rate cuts and other factors, and the safe-haven demand and attractiveness of gold prices are still increasing. In the short term, the price is very likely to break through the historical high and stand firm at the 2500-point integer mark.
The release of CPI data will not have a great impact on the current bullish trend of gold. If it is bullish for gold, the bullish power will be released directly, directly to 2500 points. If it is bearish for gold, the bullish power will be significantly stronger than the shortish power. This situation will not cause gold to turn downward.
Therefore, my strategy today must be mainly bullish. Here are two ideas for your reference. The first is to buy directly at the current price and wait for the price to rise. The second is to wait for the data to be released. If you are bullish, you can directly chase the rise, and if you are bearish, you can wait. Buy at the low point after the negative power is released
XAUUSD: 13/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2418-00
Four-hour resistance 2500, support below 2459-2439
Gold operation suggestions: There are too many uncontrollable news about gold in the near future. Yesterday's Middle East news stimulated risk aversion, and gold reached 2477.
From the current market trend, the support below is moved up to the previous highs of 2459-2439. If the bulls are established for the second time, this position is also likely to get the top and bottom conversion effect again. The focus is still on the strength of today's European session. If the European session is relatively strong, the upward trend can still continue before the US session. The upper target is the previous high, and the previous high is maintained near 2483 and 2477. This wave of upward movement is also likely to form a triple top pattern, thereby reshuffling the market on a large scale for longs and shorts, and the key suppression area above will also be maintained near the high point.
Key point: You can try to go long at the one-hour 2459 and four-hour 2439 supports, but you must set a small SL for going long. Beware of extreme market declines like waterfalls.
BUY:2459near SL:2455
BUY:2439near SL:2434
BUY:2401near SL:2397
Technical analysis only provides trading direction!
7 Dimension 1:8 RR Sell Idea for GOLD Core Analysis Method
Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: 15 min
1: Swing Structure: Bearish with CHOCH after taking inducement. The impulsive swing move is finished and now moving towards the decisional OB as a pullback, about to mitigate the decisional POI OB at the initial point of the premier zone. We will take a sell entry using the classic SMC entry model. After the breakout, this is also a CIP area.
2: Pattern
🟢 CHART PATTERNS
Reversal: V-shape pattern indicating possible reversal from here and a rectangle pattern is also observed.
Shakeout.
🟢 CANDLE PATTERNS
Not any significant candle pattern observed except for a tower top.
3: Volume
🟢 A big difference is seen during the impulsive move and the correction move in terms of volume. No buy-side volume indicates another sharp sell move is expected.
4: Momentum RSI
🟢 Fully intact in the bearish zone, taking resistance at the 60 level, indicating another range shift. This impulsive move ended as loud moves, which is a very strong signal for a sell. Also, a Grandfather-Father-Son entry with H4 as GF.
5: Volatility Bollinger Bands
🟢 Very tight contraction just started, indicating a strong squeeze breakout and walking on the band. A headfake also took place right at the upper band, and a BB W pattern is observed.
6: Strength ADX
Right now, totally sideways.
7: Rating: ⭐⭐⭐ 50% Probity (because of the decisional OB entry)
✔️ Entry Time Frame: 15M
✅ Entry TF Structure: Bearish CHOCH
☑️ POI: Decisional OB
💡 Decision: Sell limit
🚀 Entry: 2419
✋ Stop loss: 2429.5
🎯 Take profit: 23.4
😊 Risk to reward Ratio: 1:8
🕛 Expected Duration: 1 day
SUMMARY: The analysis indicates a sell position based on Smart Money Concepts methodology, with structure, patterns, volume, momentum, volatility, strength, and sentiment all pointing towards a bearish move.
8.13 Gold Analysis,Get ready for gold to reach an all-time high and break through 2500
On Monday, gold rose by $40 to a historic high of 2477 points due to tensions in the Middle East, and then fluctuated sideways to 2460
If Iran launches a large-scale military attack on Israel, the price of gold will also rise
This week, the release of US CPI data will be a key event in the market. If CPI is lower than expected, the historical high of gold at 2500 will be just around the corner
Before the arrival of CPI on Wednesday, gold may fluctuate sideways and will be adjusted downward
So everyone should be cautious when entering the market
Resistance level 2468 2477 2490 2500
Support level 2455 2445 2410 2400
What do you think of the trend of gold? Welcome everyone to like and comment
XAUUSD 13 August 2024**Trade Setup**
**1. Direction:**
- **Uptrend** on the higher timeframe (1D chart) and the 15-minute chart confirms the bullish movement with a series of higher highs and higher lows.
**2. Entry Price:**
- **Buy Limit Order:** Place a buy limit order at **$2,468.00**. This level is close to a minor support level on the 15-minute chart, where a potential pullback could occur, providing a better entry at a lower risk.
**3. Stop Loss:**
- **Stop Loss:** Set your stop loss at **$2,460.00**. This is below the recent low on the 15-minute chart and is far enough to account for market noise but close enough to limit your risk.
**4. Target Price:**
- **Take Profit:** Set your take profit at **$2,490.00**. This level aligns with the next significant resistance level and is above a key Fibonacci extension level on the 15-minute chart, providing a solid reward-to-risk ratio.
**5. Trailing Stop:**
- Once the price reaches **$2,480.00**, move your stop loss to **$2,468.00** to lock in some profit while still allowing room for the trade to reach its target.
### **Trade Rationale:**
- The 1D chart shows a strong bullish momentum with the price breaking above recent highs, indicating potential for further upside.
- The 15-minute chart also shows a breakout and retest scenario, suggesting a continuation of the uptrend.
- This setup offers a favorable reward-to-risk ratio of approximately 2.75:1.
XAU/USD 12 August 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 11 August 2024
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
M15 Analysis:
I will keep my analysis/bias the same as dated 06 August 2024 in order to demonstrate alternative scenario and how the HTF's will always hold more weight over LTF's.
-> Swing: Bullish.
-> Internal: Bearish.
Yesterday's intraday expectation was met, assisted by dovish US economic news.
Price has printed a further bearish iBOS followed by a bullish CHoCH indicating bullish pullback phase initiation.
Indication of pullback initiation started by reaction at H4 demand level.
Price is currently hovering around 50% EQ printing low volume rangebound price action.
Intraday expectation: Price to react at premium of 50% internal EQ or M15 supply zone before targeting weak internal low.
Alternative scenario: Whilst intraday expectation is technically correct, we need to bear in mind that internal H4 structure is bullish with bearish pullback phase currently underway and could potentially be complete after reacting at H4 demand level.
M15 Chart:
#XAUUSD/H4 GOLD had good trading on the second dayAsia-Europe session analysis on 12/08/2024:
Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future.
The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at 2433-2437 is unlikely to be today’s peak. Attention should be given to the 2455-2460 zone for a potential long-term sell order.
Recommended Orders:
Plan 1: BUY XAUUSD zone 2407-2411
SL 2405
TP 2414 - 2430 - 2455.
Plan 2: BUY XAUUSD zone 2403-2405
SL 2399
TP 2410 - 2430 - 2437 - 2455.
Plan 3: SELL XAUUSD zone 2457-2460
SL 2463
TP 2450 - 2437 - 2400 - open.
XAU/USD 12-16 August 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Price has, as yet, failed to indicate bearish pullback following bullish bullish BOS and iBOS.
The first indication of pullback will be for price to print a bearish CHoCH which is denoted with a blue dotted line.
However, price could print further highs which would bring CHOCH positioning closer to current price.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS.
Price indicated bearish pullback phase initiation once it printed a bearish CHoCH.
Price then continued bearish, reacting at discount of internal 50% EQ denoted in blue.
Price has, once again, almost precisely reacted at 50% EQ of the internal structure, therefore, technically price should target weak internal high.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following price printing bullish BOS price pulled back to discount of 50% EQ before targeting weak internal high.
As previously mentioned, bullish momentum and pro swing/internal structure was unable to break and close above weak internal high, which could be an early indication that bearish pullback phase is incomplete and price will seek further liquidity before targeting weak internal high. This is what price printed according to my analysis.
Intraday expectation: Price has reacted at an H4 demand level, therefore, price to target weak internal high.
H4 Chart:
XAUUSD: 8/8 Today’s Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour resistance 2425, support below 2383
Gold operation suggestions: Yesterday, gold rose and fell, and the highest rebound was blocked at 2406.60. It fell to the 2380 line at the end of the trading day and began to rebound. The daily line is still in a high-level bull-bear tug-of-war oscillation, and the small cycle tends to fall back..
The overall price fell under pressure at the 2406 mark for the second time, continuing the recent suppression of the short-selling pattern. Today, the upper resistance continues to focus on 2401-03. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the previous bottom. The short-term bull-bear strength and weakness dividing line focuses on the 2401 mark. Before the daily level breaks through and stands firm at this position, the priority selling direction remains unchanged.
SELL:2425near SL:2430
SELL:2410near SL:2415
Technical analysis only provides trading direction!
XAUUSD: 7/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour upper resistance 2425, support below 2383
Gold operation suggestions: Yesterday, the technical side of gold surged in the shock, and fell again under pressure at the 2418 mark. The price in the Asian and European sessions first surged and pierced the 2418 mark, and fell into repeated shocks after being suppressed and retreated. The European session continued to fall further to the 2394 mark and stabilized and rebounded. The US session rebounded to the 2416 mark twice before being blocked. Finally, the gold price continued its downward trend in the US session and broke through the 2390 mark to reach a weak closing near 2380. The overall price showed a weak short adjustment pattern at the 2418 mark.
Judging from the current market trend, today's upper resistance is still focused on the 4-hour decline gap near 2410 yesterday. The intraday rebound relies on this position to continue to be bearish. The lower target is still focused on the new low. The short-term gold price long and short strength dividing line focuses on the 2425 line. Before the daily level breaks through and stands on this position, it is mainly sold.
SELL: 2425near SL: 2430
SELL: 2410near SL: 2415
SELL: 2401near SL: 2405
Technical analysis only provides trading direction!
XAUUSD: 6/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2445, support below 2401
Four-hour resistance 2425, support below 2401
Gold operation suggestions: Yesterday, gold reached 2364 and stabilized and rebounded. Finally, the gold price rebounded further in the US market and closed above the 2400 integer mark. The overall price finally returned to the 2400 mark after a wide range of long and short tug-of-war around the 2364-2458 range and fluctuated. Judging from the current trend, the support below will focus on the 2400 mark today, and the pressure on the top will focus on around 2425-2434. During the day, we will rely on this range to sell high and buy low.
From the current trend, today's support below focuses on the 2400 mark, and the upper pressure focuses on the 2425-2434 area. Sell high and buy low in this range first.
BUY:2401near SL:2395
BUY:2425near SL:2422
BUY:2445near SL:2440
SELL:2470near SL:2474
Technical analysis only provides trading direction!
Gold prices will once again fall to a new bottomGold prices are about to hit a new low, if you are buying you need to delay
The position of 2370-2365 as a buying point can make some profits. As I said before, the pressure on the short-term upside is too great. Today in New York time, gold prices failed to rise several times. The first attempt was to break through 2398. The second attempt was to break through 2403. Both were suppressed by the short trend. And there is no more news to push the gold price to continue to rise. So the operation is still mainly short-selling. If the price reaches my expected position, you can make a super short-term rebound. TVC:GOLD COMEX:GC1! FOREXCOM:XAUUSD
Short first and then buy. This is the next trading plan.The gold price in the London market did not break through the 2317 position.
It just maintained fluctuations for several hours. The operating space is very small, but going long is still profitable.
The New York market is about to open. See if the gold price will pull back to around 2400 points.
If it is, you can start buying. Maintain the position around 2400. Aggressive players can rely on the position above 2410 to sell and get some small profits first.
The reasonable buying point is around 2400-2404. When the shorting reaches the expected level, the position can be closed. Then wait for the opportunity to buy.
FOREXCOM:XAUUSD COMEX:GC1! TVC:GOLD OANDA:XAUUSD
Can gold fall below 2400 next week? Why will gold suffer a sharpYesterday Friday, for yesterday, we must be how to operate how to make money, the morning 2450 wave is not to talk about, although then short meet stop losses, but I have said in the blog that 2467 can enter, this wave, before the data must be able to stabilize the victory, and non-agricultural gold since 2455 rose 2477, I also said, Not optimistic about gold break 2500, on the contrary is optimistic about 2480-2486 do not break batch short top, and I also said, any upside break, can hang reverse empty single defense, that is to say, yesterday's high, we can hang 2458-2448-2438 reverse empty single sit and wait for profit, especially yesterday gold also broke 2420 as scheduled, This point, although not as I expected to further impact 2400, but the difference is not big, after all, since the non-agricultural large profit, gold as scheduled to crash, this point, I can only hope that you did not do more, after all yesterday's market, do more is dead, but I believe that as long as you have read my blog carefully, will not be stupid to enter, if there is, Then all I can say is you deserve it. I will not say much, directly to next week's market analysis, you can read the following reference to understand.
-- Gold Friday market review --
Friday, the morning, gold opened 2446 line, open up 2447 line ushered in a shock fall near 2443, after a long and short saw-and-see encounter broke 2450, but the highest to 2452 line ushered in a halt reversal, gold is therefore directly hit the disc flash collapse of 2440, the lowest fell to near 2435 to usher in a stop, And then, gold is also ushered in a rapid climb to break down, has risen to 2459 line to usher in a stop, but good times are not long, gold fell back a wave of 2451 after ushered in a further break, near the eve of the European plate, gold is also the highest to a wave of 2468 line to usher in a stop. During the European session, the gold shock fell back a wave of 2459 to stop, long and short is therefore Mired in the 2465-2459 range of oscillations, until the eve of the United States, gold was further lower a wave near 2456. The United States market, non-agricultural hand in hand with the unemployment rate two-way announcement, gold is therefore directly from 2455 ushered in a surge to break 2460-2470, the highest to 2477 line to usher in a wave of stop flash collapse near 2455, and then rebound again after 2473 line ushered in a short outbreak, Gold is therefore below 2450-2440-2430-2420, the lowest fell to around 2411 to usher in a stop rally, and after recovering a wave of 2438, gold is also lower again a wave of 2423, and then further rose 2442, and finally, gold is therefore closed near 2441.
-- Can gold fall below 2,400 next week? Why will gold suffer a sharp fall in non-agricultural profits? -
So for Friday, presumably you are also very surprised, within the day, gold opened up 2452 crash fell 2435 stop, then in the white market performance caution, gold not only did not fall into the shock saw, but broke through to 2468 line, and non-agricultural, gold is directly from 2455 up 2477, At this point, presumably yesterday's bullish market retail friends have also increased, after all, as far as I estimate, yesterday's nearly 70% of people think that non-agricultural will be bearish, but these people also believe that once non-agricultural profits, then gold to break 2500, as for the remaining 30% of people, of which 20% are directly bullish, bullish gold broke 2500, Maybe only 10% of people with me in the bear, and the fact is to prove that the truth is in the hands of a few people, this point, just hope that you yesterday's bullish friends are still safely built in is, but it is estimated that yesterday's day gold rose, especially after non-agricultural profits, whether there is no chasing more, are extremely excited, In particular, after 2477 was blocked and 2455 stopped, gold gave the market a reason to chase more gold, after all, the United States labor downturn, excessive growth in unemployment, but also stable the possibility of interest rate cuts in September, this, do not blame you, after all, the information spread by the market is too obvious, in this case, let alone the market retail investors, even many analysts are easy to be misled by the market. So it's not that you can't do it, it's just the market. However, this also verifies one point, that is, your understanding of the market is not deep enough, especially in the face of this kind of news that informs the market in advance, your consideration is too single, if you have measures to deal with accidents, there is no possibility of major losses, this, you also need to introspect.
So for Friday, non-farm gains, why will gold suffer a reversal of the plunge? In fact, if you have carefully read my blog on Friday, you can understand, not to mention that I did not say in detail, after all, I was writing all night, long articles have been detailed analysis of the data, and also made a judgment on the fluctuations after the data, if this is that the analysis is not accurate, I have no words. So on Friday, I made it clear that regardless of whether non-farm profits are large or not, gold will encounter a sharp fall, but that if non-farm and unemployment rate are both bearish, it will increase the space and strength of gold's decline. For no other reason, the current data and news are affected by the progress of interest rate cuts, if it is said that the Federal Reserve interest rate minutes after the release of non-agricultural data, then the market may take into account the possibility of radical stimulus to the Federal Reserve to cut interest rates, in this case, gold may suffer a surge on the break, but the fact is that the fastest rate cut will not fall until September, and now, No matter how strong the market expectations are, even if the rate cut in September has been nailed, there is still a month's buffer period from now, you say, how can this rise? A month in a row? Is that possible? And I said that gold is now too high, and once the interest rate cut falls, it also means that the market will be used to interest rate cuts, in this case, the impact of interest rate cuts on gold will gradually be reduced, because the market itself is now higher, including the Fed's efforts to cut interest rates and digest in advance, for example, You are looking forward to a certain kind of food or food, but after experiencing it once, the amazing feeling of treating things or food will also disappear, what's more, this interest rate cut is consistent, that is, you would like to eat this cake, but you can not carry it every day, so the current situation, if there is no accident, we will officially usher in a historic peak. And soon, we will usher in the possibility of the short return to 2000 or even lower, at most half a year, this, you can look forward to it.
So, on Friday, after suffering a sharp fall, why did gold stop at 2410 and close above 2440? Or, for next week, can gold bulls usher in further outbreaks? In fact, I still remain bearish, first of all, gold closed higher on Friday, in fact, more than the market is betting on the geopolitical risk may break out, leading to the emergence of early digestion of this information, in this case, even if the outbreak of geopolitical risk in the weekend, will not stimulate the possibility of excessive gold Monday, after all, the market has digested in advance. This is also the precautionary layout of the market. Moreover, for the moment, the US dollar has stopped falling, and the US dollar is also facing the possibility of stopping and recovering. After all, although the US labor market performance is sluggish and other factors have affected the strong performance of the US economy, the US dollar's performance is still relatively strong in the current international market, and in the case of the US dollar at a low level, it will also hope to pour in buying. That helped the dollar and hurt gold. Then secondly, that is, gold is currently too high, especially after the non-agricultural profits suffered a crash, in this case, the market buying will also begin to doubt life, thus hitting the buying heat, and after this wave of sharp falls, the market also understands the current situation of gold, in this case, gold is currently double top shape, any rebound, It will also relatively stimulate the influx of market selling, this point, for next week, only if there is no geopolitical risk to further stimulate the outbreak, gold must be able to fall below the 2400 mark, and this wave of break, short or will point to 2330 or even 2300, after all, the market believes that interest rate cuts will be more, It also leads to gold in the process of falling will attract the favor of the market, which also provides institutions with more opportunities to wash, in this regard, for next week, next week, I will think that the reverse collapse of gold will break one after another, of course, it is not that there is no bottom-diving opportunity, but for this opportunity, more may appear in the 2280-2260 area. Of course, this is only my guess, specific, you need to adapt to the line.
So for next week's operation, relatively simple, on Monday, if there is a low open, then you will be concerned about 2430 can directly fall below, do not break the short line to wait for a rebound near 2440 directly open short positions, of course, due to the market is not calm, do not rule out gold will further break 2440 higher possible, this, You continue to hold 2444-2450 do not break batch short. If there is a high open, then you are concerned about whether 2450 can be broken to stabilize higher, if the broken level is stabilized, directly hang a wave of 2450 under the anti-reverse short order and then wait for 2460-2466 region to be short in batches. If the market performance is calm, gold opens near 2440, directly open short positions in 2440, such as the rebound continues in 2450 not to break short, and for the below, you can hang 2430-2420 below the break short single defensive pursuit, you focus on 2405-2400 near support not to break again to consider the short term. Do not pay attention to the 2410 low mark, for the current market inertia, gold really want to fall, 2410 will definitely encounter virtual break, you are concerned about 2400 gains and losses, but note that 2400 can be chased after the break, but need to hang a wave of 2400 above the reverse multiple single to defend, after all, there is a wash in the market, coupled with the stimulation of geopolitical risk, Do not rule out the possibility of gold sudden reversal pull up, this, you remember to pay attention to. Of course, the analysis is only analysis, the specific operational details, I will be updated on Monday, you remember to strictly follow my requirements to control the position and stop loss basis.
What is the secret to continuous profit in gold trading?
Gold will continue to fall in the short term. If you are long, be cautious. If you are short, remember to set a stop profit.
In New York time period, gold continued to fluctuate at a high level. It continued to fluctuate in the range of 2403-2410. There was almost no news on Monday. But the price of gold did fall from 2460 to 2360 and then bottomed out and rebounded above 2400.
Judging from the data last week, the pressure on the bears is very high. In addition, almost all the news this month has been landed last week. Combined with the current market, there is no major news for gold to further break through the highs. The only possibility is the momentum brought by the news of the war, but for the time being, this is unlikely to happen.
So in terms of operation, it is still mainly selling at high levels. The short-term target below is below 2390.
What is the secret to continuous profit in gold trading?
That is to follow my steps. Follow the guidance. Trade with accurate signals.
So far, members who follow the transaction have almost never failed. Investors with large funds make big profits. Investors with small funds make small profits. After all, it is still difficult to lose money in such a market. The amplitude is large enough. There are enough opportunities for operation. As long as you don’t trade blindly, it’s just a matter of how much money you make. Of course, if your current account is still in a state of continuous loss, remember to follow me. It is only a matter of time before you turn losses into profits.
GOLD: Gold price will continue to fallToday, I perfectly realized the story of going from a loss of 45k to a profit of 65k.
The latest channel has a detailed process.
This rebound. Everything is within my expectations.
The gold market is currently quoted at 2406. But this position will not stabilize. I think gold will continue to fall.
If your order is still losing money, or the profit is not big. Or you don’t know how to trade yet.
Stay tuned. I will guide you how to turn losses into profits. COMEX:GC1! TVC:GOLD OANDA:XAUUSD
XAUUSD: 5/8 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2470-84, support below 2410
Four-hour resistance 2470, support below 2410
Gold operation suggestions: Last Friday, gold prices accelerated to break through the 2477 mark under the influence of the positive nfp employment data, and then fell back into a shock consolidation, and then the second high of 2474 was hit and fell, and finally accelerated to fall down and break through the two integers of 2430 and 2420 to reach 2410, and then quickly rebounded and closed. The overall price once again showed a suppression pattern above the 2470 mark.
Judging from the current trend, today's Asian session opened and fell again. In the short term, the gold price will test the support strength of the 2410 mark, the low point of last Friday. The upper short-term pressure is around 2453-2458. If the intraday rebound relies on this position, you can go short first and then look for continued decline. If it stabilizes at the 2410 mark, you can go long. In the day, you can rely on the 2458-2410 range to sell high and buy low.
BUY:2410near SL:2407
SELL:2470near SL:2474
SELL:2445near SL:2450
Technical analysis only provides trading direction!