8.21 Gold Trend Operation Analysis Short-termIn terms of the average daily fluctuation range, gold is currently in a fluctuating downward trend. The bullish momentum is obviously more difficult than before. The one-hour chart trend is basically sideways and the candle is weak.
Short-term operation points
2515 short, take profit 2505, stop loss 2522
2505 long, take profit 2520, stop loss 2500
Goldintraday
8.2 Analysis of gold trend operationAfter hitting the peak of 2530 on the 20th, gold fluctuated at a high level and finally quickly pulled back. Currently, it is 2505 points.
Yesterday, gold failed to hit 2530 several times. The last time it hit 30, it quickly fell back. This also shows that the bulls may continue to hit the high point after the pullback.
The key downward support point is 2500. If it falls below 2500, look at 2490 / 2480 below.
Resistance points are 2520, 2530, and 2550.
What do you think about gold? Welcome to like and comment.
8.20 Gold Operation AnalysisFrom the 4-hour chart, gold closed at the top of the candle at 2525 and hit the top. We just tested 2530 but pulled back to 2526 resistance and only made a profit of 3 points. It is currently hovering around 2525.
Buy point 2520, take profit 2520, stop loss 2515
Buy point 2528, take profit 2518, stop loss 2533
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future
Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday
The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish
In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting
Support level 2515 2510 2500
Resistance level 2525 2535 2550
8.19 gold operations analysisContinuing the trend of last Friday, gold has been above 2500 in the early trading and peaked at 2509. The next operation will mainly depend on the European trading session. At present, gold is still rising. If it can successfully break through 2510, then the upward trend of gold will be relatively large. Key points: Resistance level 2510 2520 2535 2550 If it falls below 2500, the key points are: 2490 2480 2475 2460 2450 Accurate signal I will notify you in the group in time, everyone remember to watch it on time
Analysis of gold trend on August 19Last Friday, gold once broke through 2500 and finally closed above 2506. The overall price soared by more than 50 US dollars, setting a record high. This price surge is not just a jump in numbers, but also the result of the combined effect of market sentiment, macroeconomic data, geopolitical tensions and monetary policy expectations. In addition, central banks of various countries are also very enthusiastic about gold. Analysis of gold trends this week! There is not much data released in the international news this week. Except for the war between Russia and Ukraine, there is not much movement in the Middle East. Gold may rise and fall and then go sideways for a long time. The specific situation is of course subject to the trend of the market. My analyst team and I will announce the accurate signal in my channel.
Will gold prices continue to be short?There is definitely an opportunity to short the gold price. But you need to wait.
My current view is to continue buying. Then wait for the right opportunity to sell. Then make a good short trade.
I have made good profits continuously. I share it in real time every day. If you don’t know how to trade yet. Want to recover losses or expand profits. Remember to leave me a message.
XAUUSD: 16/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2418-2400
Four-hour resistance 2461, support below 2439-2417
Gold operation suggestions: Yesterday, gold technicals continued to fluctuate widely, with the price of Asian and European sessions slightly fluctuating and rebounding at the 2448 mark, and then fluctuated upward to break through the 2460 mark and continue to rise. After the NY market opened, the data was negative and the US dollar index rose, and gold started to fall from the highest 2470 to 2432.
From the current trend of gold, the overall price of gold has repeatedly fluctuated widely around 2430-2470, and the volatility has intensified, and the operation risk has also increased at any time. Today, the short-term support below is still focused on the 2439 line, and the upper pressure is around 2461-2470. Continue to rely on this range to sell high and buy low during the day.
SELL:2461near SL:2465
SELL:2439near SL:2443
BUY:2401near SL:2397
Technical analysis only provides trading direction!
Analysis of gold trend on August 16If you only make orders based on data and don’t understand the market logic behind it, your transactions will always be slower than before.
From the 4-hour chart, gold has also reached the middle Bollinger Band and the downward trend is more obvious. Referring to international information, the support power of gold in the later period is obviously insufficient. The US dollar seems to be rising strongly. Gold is currently in high volatility.
Personal Operation Analysis
2440 Buy 2455 Take Profit Stop Loss 2435
2463 Short selling 2450 Take profit Stop loss 2470
Gold roller coaster marketOscillating trend, long positions take profits!
The US data has mixed impacts on both long and short positions. The US retail sales data for July was impressive, triggering a series of market fluctuations.
Personal operation analysis:
Support level: 2445 2435 2425
Resistance level: 2470 2477 2490
The above data can be used for reference. Comments are welcome
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!
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: