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The end of the golden week line beware of malicious market washiYesterday Thursday, the first day of the August cycle, for yesterday, gold also ushered in a wave of V-shaped reversal, or more accurately, should be an M-shaped reversal. Within the day, gold from the opening fell back from 2444 near the bull outbreak 2458 line stop, then gold is also expected to usher in the shock down, but unfortunately, the lowest gold fell a wave of 2430 is to usher in a stop, did not meet my expectations of 2420, this, we did not participate in the layout of the single yesterday. And in the evening, the gold bull burst to break 2460, the highest to near 2462 to meet the stop, and for this wave, it is also scheduled to meet the peak low break 2440, in general, for yesterday, the market volatility is relatively large, but although the intra-day market volatility repeatedly washed short, but in the final analysis there is still no small profit, I think we're getting off to a good start in August. Of course, due to the influence of some mechanisms, I can not be as fully disclosed as in the past, but the operation is given one-on-one, this point, you can compare myself to the single case verification. So for yesterday, there are also many retail friends asked me about the recent trend of the market, in fact, recently, I have been emphasizing the layout of the medium and long term, although it is not clearly given in the real offer, but there are still many old students in the implementation of my program, which also relatively reflects my optimism about the short, this, relative to today's non-farm is also to give us the market reply, For that, you just have to wait for verification. So at the moment, other, Chen Feng I also do not say much, directly on today's market to express my personal views, you can read the following reference to understand. Of course, due to today's non-agricultural, market accidents are larger, all novice students try to stay on the sidelines, do not operate blindly. ​​-- Gold market review yesterday -- ​​​Yesterday Thursday morning, gold opened near 2448, the opening higher blocked near 2450 ushered in a halt to fall, gold is also ushered in a wave of lower near 2444, but unfortunately, bears did not usher in a further break down, but is the bull experienced a strong pull up the break to stabilize above 2450, Asian session, The highest is to rise to 2458 the first line to usher in a stop, and the fall is also relatively strong, short is directly broke 2450-2440, the lowest fell to 2437 the first line to usher in a stop, gold shock slow rise, near the eve of the European trading, the highest gold is also a rebound wave of 2448 the first line to usher in a stop. During the European trading session, gold once again opened the decline, gold is also a shock slow fall again broke 2440, the bear continued to force the lowest fall to around 2430 to usher in a recovery near 2445. The United States session, unemployment benefits announced more gold, gold is therefore ushered in a bull break 2450-2460, the highest to 2462 near to usher in a stop fall, and fall back fierce, bears directly broke down near 2443 to stop recovery, and recovery is only a wave of 2451 after the start of the decline again broke 2440. At midnight, the lowest fell to around 2335 before it was stopped, and then gold rebounded near 2440 to fall back, and bears further fell a wave of 2434 before they were stopped, and then long and short shocks returned to 2440 until the close of the market, and finally gold closed above 2440. ​-- The end of the golden week line beware of malicious market washing? Will the non-farm attack help the bears return? - ​​​Yesterday Thursday, for yesterday, the gold day deep 2460-2430 range wide volatility, intraday volatility, this, presumably the market retail investors this is also devastated, in fact, do not blame you, after all, for the current market, itself is in a state of not calm, take yesterday higher, Gold rose to break the day to stabilize at 2450, especially after the Fed's strong doves have this performance, the market is also betting on bulls to break a new high to hit the 2500 mark, the market bullish heat is also further rising, and any pullback process is attracting the influx of market retail investors. But it happened that gold stopped at 2458 and ushered in a crash of 2430, which, in the words of the previous TV: behind all this is the moral bankruptcy, or the distortion of human nature. To describe, after all, in terms of the current market situation, the outbreak of geopolitical risk, interest rate cuts are almost nailed, coupled with the heat of market buying, in fact, bulls have further climbing momentum, but gold has fallen, even if it fell, the market has begun to change that it may be a peak fall, but it is, Gold and stopped at 2430 ushered in a long counter-break 2460, and after breaking 2460, ushered in a rapid reversal of the plunge back below 2440, which repeated several waves of baptism, as far as I know, retail heart is undoubtedly near collapse. ​​​However, the current market itself is like this, especially the gold market in recent years have been crazy speculation, market investors crazy influx, no matter what kind of gold investment, even if it is physical gold, are sought after by the world, including many from other investment tracks to the gold market, for this point, you want to harvest the profits of the market, Well, don't blame the agency for wanting to harvest your leeks. It is the so-called no profit can not be early, especially when you all know that the market has to experience so many unexpected information erupted this week, but also choose to chase the rise and fall, it means that you are already carrying risks in making choices, so in the final analysis, this is no wonder that the market, is completely blinded by the surface of the market, there is a good saying, "for the good are often blessed," There are risks in everything, and you often only know to pursue profits and ignore risks, so don't blame reality for giving you a hard lesson. There is also an idiom, called "do what you can", are adults, all know that there is no things in the world without effort, even if you want to solve the daily food and clothing need to rely on work and hard to fight, let alone this kind of investment can achieve wealth freedom, to say the word is not good, how can you think that you can earn money in the market? Workplace competition needs to rely on ability and resources, not to mention the market, this, but also hope that you can have self-knowledge. Of course, I am not saying that there is absolutely no money to be made, for this point, professional people have to hand over professional things, you do not have the ability, but you can ask competent people, it is not embarrassing? If someone teaches you, the person who teaches you is still very professional, but you are still not stable, then you should reflect on yourself, this, you reflect carefully. ​​​So without further ado, let's get back to business. So for today, the non-farm employment data report will break out, at the same time, the unemployment rate data will be released, for this point, you may just know that this kind of data has a great impact, but the specific impact, you estimate is still unclear, this point, I will focus on today's data to talk about the impact of such information on the market. So for now, the release of such data will certainly have an absolute impact on the Fed's rate cut. For the current information revealed by the Federal Reserve, the current inflation return to 2% standard is no longer the Fed's interest rate reduction target, along with the easing of inflation and the recovery after the global economic virus, the market is also gradually returning to the normal, then in this case, if not for the excessive implementation of economic rescue before the United States, in fact, the US economy has long affected the return to balance. Nor is it safe to say that interest rate cuts have not been on the agenda until now. At present, the Federal Reserve has also made it clear that the implementation of radical interest rate cuts in the context of high inflation mainly requires a slowdown in the U.S. labor market and a rise in the unemployment rate. As for the relationship between the two, you have a good understanding, that is, the labor market is too strong, which means the growth of economic jobs, under what circumstances will this happen? That's only true if the economy is booming, and when the economy is booming, that means a series of increases in wages and so on, and that's coupled with higher inflation, because everybody's working, everybody's making money, and then consumption is going to increase, because everybody's making money, and that creates a chain reaction, and I don't have to go into the details of that as you can imagine, In this case, only fundamental relief can be achieved, and the fundamental problem is labor, which is why the Federal Reserve is currently so focused on non-farm. ​​​So for today's non-farm, how should we judge the data? First of all, for the current US non-agricultural data, the pre-data value was 206,000 new population, while the market expected value is 175,000 new population, from the obvious point of view, the market is that the US labor market has slowed down, and Wednesday ADP employment data showed that the market expected value of 150,000 new employment, the actual employment of only 122,000 new people. From this point of view, the current employment performance of the United States is a little sluggish, but it is worth mentioning that on Tuesday, the employment of the United States showed that the current job growth is higher than the market expectations, which is a bit of conflict with the labor market, if there are not enough jobs, it is not enough, but the current situation of sufficient jobs in the United States, this is also expanding the growth of labor employment in the United States. Although the unemployment benefits data show that the unemployment rate in the United States is relatively high, the unemployment rate is the unemployment rate, some people start and some people leave, which is quite normal, which is not enough to limit the employment of the United States, of course, unless, as previously reported, the United States has plenty of jobs, but it is not hiring, thus limiting job growth, otherwise, The employment expectation of the labor force of 175,000 people is relatively low, that is to say, from the actual situation, it is reasonable to assume that the non-agricultural value is likely to be higher than the market expectation, which reflects the negative gold and positive dollar. But if the United States in order to implement interest rate cuts to restrict the recruitment of enterprises to achieve control, then the release of good gold negative dollar is also possible, so this point, for tonight's non-farm data report, in fact, it is not good to make absolute judgment, of course, I personally expect to increase, this, depending on the actual release of the data. As for the unemployment rate data, this, the impact is not big, after all, from the performance of unemployment benefits data can be predicted, the unemployment rate data is either unchanged in line with market expectations, or higher than market expectations of gold, this is relatively easy to judge, the possibility of explosion is very small, this, you are a little guard against it. ​​​So a final word on the impact on gold after the non-farm data. First of all, if the non-agricultural employment data and unemployment rate data are released in both directions to benefit gold and the dollar, it means that the possibility of the Federal Reserve cutting interest rates in September is further improved, which is relatively conducive to gold, but it is worth mentioning that at present, there is still a long time to go before the September rate cut, in this case, even if the market wants to stir expectations, It is not so much as to say that there is no brain to push up the gold price in this month-long period, on the contrary, I think that in the case of the positive data triggered by the market retail investors will encounter buying and fleeing, and institutions will implement hedging bets to harvest market buying, so for today, I do not think that gold bulls can break out. On the contrary, if today's non-agricultural employment data and unemployment rate data are both bearish for gold, it is a bit uncomplicated, after all, the Federal Reserve wants to aggressively cut interest rates before inflation returns to the 2% standard, which needs the support of the US economic slowdown, and once the job market is strong and the unemployment rate is reduced, it directly limits the space for radical interest rate cuts by the Federal Reserve. In addition, considering the unknown impact of the US election, the short-term Federal Reserve may give up the possibility of interest rate cuts, once so, then the market buying and early market bets on interest rate cuts will flee, resulting in long and short trading imbalances, in this case, such a large-scale withdrawal, even institutional hedging is difficult to do, in this case, Gold bears or will usher in an unexpected crash, you know, the one-day unilateral decline of gold over 100 points of the market is not without, this, you need to be careful to guard against it. Of course, I am just exaggerating the narrative, does not mean that the market will be absolute, after all, do not rule out the non-farm employment data negative, and the unemployment rate data to form a hedge situation, but no matter what happens, I do not think that gold can further break new highs, and even if it breaks new highs, I also do not think that gold will further break to stabilize at 2500, after all, I said above, there is still a lot of time from the interest rate cut landing, this opportunity does not rule out the possibility of any surprises, this point, for today, I personally recommend that you around the rebound is better. ​So for today's operation, I personally recommend that you go short, of course, yesterday 2460 has a long term short can hold and wait. Then the short position, first of all, because there is a major data outbreak this evening, in this regard, the white market is expected to fluctuate without accident will be relatively calm, unless it is said that the market malicious smash disk washing disk, otherwise, the probability of gold will continue to see in the 2460-2430 area, of course, more accurate, I think 2450 will be blocked, Compared with yesterday's gold flash collapse strength, in this case, 2450 even if it is difficult to get a further climb, this point, for today's short position, I personally think that the white plate in the vicinity of 2450-2453 can not break the layout. Of course, if you really want to encounter the unexpected rise of bulls, 2460-2467-2470 is still the position of the top, and excessive breaking is concerned about 2480-2486 can not break short. However, no matter how the bulls break out, you also need to hang reverse short orders for defense, after all, I said that gold may suffer a crash at any time, this, you remember to pay attention. So for doing more, I do not recommend that you layout, if lucky to be able to lower 2430-2420, you can try to participate in the short term, but note that you can in batches below 2420-2400 hang a good break empty single defense, after all, once the crash, 2400 absolutely can not hold, You can also take a look at 2380-2360 support. Of course, the analysis is only analysis, the specific operational ideas, you also need to adapt to the line. As for the specific operational details, I will also make a solid offer to give, you will strictly follow my requirements to control the position and stop loss basis.
OANDA:XAUUSDShort
by Transactionheadhunter01
Tonight's NF - XAU message board peaked or changed trendsGold rose to around $2,460 per ounce on Friday, approaching record highs and on track for a weekly gain, driven by recent weak US economic data that bolstered expectations of Federal Reserve rate cuts. Thursday's data showed US manufacturing activity contracted more than anticipated in July, with employment hitting levels not seen since 2020. Additionally, jobless claims rose to 249K, the highest in nearly a year. Investors are now awaiting the monthly jobs report later in the day for further insights. Meanwhile, the escalating risk of a broader conflict in the Middle East is enhancing gold's appeal as a safe haven. Markets are closely watching Iran's response to the assassination of Hamas leader Ismail Haniyeh, which follows the killing of Hezbollah's top commander in a Beirut airstrike. ❓NF - NEW ATH XAU - market expectations 📈SELL GOLD: 2498 - 2501 ➡️SL: 2508 ➡️TP1: 2483 ➡️TP2: 2467 ➡️TP3: 2442 📉BUY GOLD: 2420 - 2418 ➡️SL 2412 ➡️TP1: 2433 ➡️TP2: 2442 ➡️TP3: 2467 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
Uptrend continues after FOMC ! XAU ATH ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price struggles to rise despite a small increase earlier, trading just below $2,445, almost unchanged today. Investors are more interested in riskier assets due to expectations of the Fed starting to cut rates soon, leading to a positive stock market and weakening demand for gold. The Gold price is somewhat supported by a weak US Dollar caused by the Fed's cautious stance. The Fed's hints at a rate cut in September and low US Treasury bond yields are keeping the dollar down. Additionally, tensions in the Middle East are supporting the safe-haven gold. ⭐️ Personal comments NOVA: Gold price after yesterday's FOMC news, benefited from the increase in price from the statement that the move will reduce interest rates as soon as September 2024. Expect a new ATH to continue in 2024 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2422 - $2420 SL $2415 TP1: $2430 TP2: $2440 TP3: $2450 🔥BUY GOLD zone: $2433 - $2431 SL $2427 TP1: $2445 TP2: $2460 TP3: $2480 🔥SELL GOLD zone: $2472 - $2474 SL $2479 TP1: $2465 TP2: $2458 TP3: $2450 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
9
XAUUSD: 1/8 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2451-70, support below 2401-2370 Four-hour resistance 2451-70, support below 2419 Gold operation suggestions: Under the influence of interest rate decision and Powell's speech, the bulls went all out and stopped at around 2458. The impact of news is often unknown, so we try not to participate. Currently, gold is consolidating in a narrow range near 2443. From the current market trend analysis, today's support below is around 2419, the top and bottom conversion position of 4 hours, and the upper pressure is 2470-75. The market below 2451 can be seen in the range of 2451-2419. The overall market continues to rely on this range to sell high and buy low. SELL: 2451near SL: 2455 SELL: 2470near SL: 2474 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
5
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
1-Hour Chart AnalysisVisit fourtrades website for more insight The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price action. Key Observations: Support: $2,430 Resistance: $2,472 Potential Scenarios: Bullish Continuation: A bounce off the lower trendline could see the price retest the $2,472 resistance level. Bearish Correction: A break below the $2,430 support could lead to further downside, potentially targeting the next support level around $2,400.
TVC:GOLDLong
by FourtradesTV
The price of gold will continue to rise after the callback. Powell said that the probability of the next interest rate cut is very high. The gold price rose accordingly. At the same time, the news from Iran. Counterattack is only a matter of time. Once again pull the market sentiment. Risk aversion continues to rise. Cause gold to rise again. The highest reached 2450. After the opening, gold maintained at the 2446 line and continued to fluctuate. Intraday trading plan: Buy on callback. Wait for the increase of risk aversion. First pay attention to whether there is effective support at 2440-2443. COMEX:GC1! OANDA:XAUUSD TVC:GOLD
TVC:GOLDLong
by Eddy_Wealth
Gold hesitates around the round port level of 2400☘️Fundamental Analysis Gold prices attracted some buying on Tuesday, although they remained confined within the previous day’s wider trading range and below the $2,400 mark. A weaker tone in equity markets, coupled with geopolitical risks stemming from conflicts in the Middle East, turned out to be key factors supporting the safe-haven commodity. Moreover, growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September should continue to benefit gold bulls. The focus will remain on the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with key US macro data, including Friday’s Non-Farm Payrolls (NFP) report, will influence the USD and XAU/USD price dynamics. This makes the case for buying gold after the pullback from the all-time high more deliberate ☘️Technical Analysis From a technical perspective, the failure to accept the level above 2,400 and the subsequent decline requires caution before positioning for any meaningful upside. Gold is trading in a descending channel and the immediate resistance is around 2,392. If this zone is broken, the round-robin resistance around 2,400 will act as a brake on any rapid upside. Some further buying could push gold towards 2,409 and 2,431, helping gold regain its bullish position. On the other hand, some selling could push gold towards the lower boundary of the descending channel. The support level at 2,367 acts as the first hurdle before gold retraces to the monthly low around 2,350. RSI on the lower time frames is showing that buying is still strong. Combined with the two tight EMA 34 and EMA 89 lines, it can be seen that the upward trajectory will be more favored by investors at the present time. Resistance: 2400 - 2407 - 2412 - 2418 Support: 2376 - 2367 - 2361 - 2353 SELL zone 2410 - 2412 Stoploss 2415 SELL zone 2430-2432 Stoploss 2435 BUY zone 2354 - 2352 Stoploss 2348 BUY zone 2367-2365 Stoploss 2362
OANDA:XAUUSD
by TVS-Trader
The trend of gold has clearly shown a gradual upward trend Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge. In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment. In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good. Upward 2388-2402 Backward 2390-2380 The above is purely personal opinion.
TVC:GOLDLong
by David_strategy
9
Can the gold bull boom lastToday, Monday morning, gold opened 2388 line, the opening fell back a wave of 2387 ushered in a stop, then the bulls opened up the outbreak broke 2390-2400, the highest to 2403 ushered in a stop near 2394, then also fell a wave of 2394, so for this, you must also be surprised, Like this opening of the explosive situation, there is only one possibility, that is caused by smashing, but why gold in the early morning hit pull up it, this is mainly the stimulus of the news, then for the double break, the Middle East and then fire, this is a big, is also the main reason for the bull hit pull up, of course, the gold itself is in trouble this week, In this case, gold also suffers from a below-risk stimulus, and gold is also adding another element of surprise, which, for this week, you need to be careful about. Of course, for the double break period Chen Feng I updated my blog said, the beginning of the gold week to see the rebound, for this morning, to tell the truth, even if there is no geopolitical risk impact, we are also bullish on gold, this point, at present, just say that because these factors accelerated the rise of gold, this point, you also need to be cautious. Then again, after the outbreak of gold bulls fell back, in this case, how should we choose to be long and short? First of all, you can review my double break blog for reference to understand, for this week, before Friday, I am inclined to believe that bulls have a further outbreak of higher, for no other reason, interest rate cuts in the way, unless there is a major limit to the data explosion, or the Federal Reserve internal position on it, otherwise the current market heat for interest rate cuts, In addition, gold 2353 ushered in a stage of bottling out, bulls are having a further outbreak of strength, and, although the market is expected to implement interest rate cuts in September, but you know, there are radical interest rate cuts inside the Federal Reserve, which does not rule out the possibility of sudden interest rate cuts in this week's interest rate minutes resolution, in this case, The market's pursuit of its bulls will also be around the gold long and short balance, in this regard, the bulls are currently under the influence of this multiple positive, but also have further climbing momentum, this, you also need to be cautious about it. But to be honest, for the moment, although gold bulls have high momentum, but you don't forget, the market is variable, and because this morning's bull climb broke, which is relatively further inspired the market for bulls after, in this case, market institutions are undoubtedly also covetously, for today, gold in the rebound process, It does not rule out the possibility of institutional interception, you know, the current bullish heat of the market is high, which is not a little bit of a signal to do more, in this case, wash the long plate, and then on its empty reversal, long and short double kill, almost perfect, for this week, you also need to be cautious. Of course, this does not rule out the possibility that the institution will allow it to go higher, which, for the moment, you need to adapt to it. So for today, Monday, early in the morning, gold has ushered in such a large news surface to stimulate volatility, although gold in the rise of 2403 ushered in a lower, but the lowest fell a wave of 2394 near to usher in a stop, for today, the operation, from the technical perspective, it is still feasible to do more, so for the moment, You can first stick to 2390 not break to do more, above attention 2410-2414 this position does not break the backhand, such as encounter 2390-2387, you are the trend to short wait for 2380-2370 not to break again to consider doing more. Of course, due to the market this week ushered in a heavy information surface stimulus, in this regard, you need to be cautious about the operation, then the specific details of the operation, I offer to do again, you remember to strictly follow my requirements to control positions and stop losses can follow up.
OANDA:XAUUSDLong
by Transactionheadhunter01
1
The price of gold is about to continue to fall sharply. Go short at positions around 2369. The decline is about 10-15 US dollars. I am EDDY. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my updates. TVC:GOLD OANDA:XAUUSD BINANCE:BTCUSDT TVC:DXY
TVC:GOLDShort
by Eddy_Wealth
London market. Buying gold is the main activity. London market. Go long on gold at around 2368-2371. Target is around 2383. Ultra-short-term trading looks for a trend rebound. I am EDDY. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference. If you are still confused about the trading market, you can continue to pay attention to my updates. OANDA:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
Super data week. Gold is still mainly long at low levels. Last week, I said in advance that the target for next week would be at least 2400. Investors who followed me last week should know it. Today in the Asian market, this target was achieved. Investors who followed the accurate signal trading also made good profits. From your messages, I saw the results. The London market allowed some other investors to short the gold price, which also achieved profit expectations. Currently in the New York market, the gold price stopped at 2374 after a sharp drop. My idea is based on the US dollar rate cut. Gold still has some substantial increases. At the same time, this week is a super data week. Some economic data are enough to make gold reach a certain height. So I personally still focus on long positions The current gold price is at 2376. My expected buying position is at 2370-2365. This is a good position for long gold prices, and there are some dense trading areas above. So there is resistance. Therefore, investors with large funds can buy in advance and then add buy orders at low levels. However, for accounts with small funds, I suggest that you operate prudently and start at low levels. The above are some of my thoughts today. FOREXCOM:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY COMEX:GC1! OANDA:XAUUSD
TVC:GOLDLong
by Eddy_Wealth
Continue to go long on gold. In the short term, gold prices will also touch 2393-2400. Emergency events escalate. Risk aversion sentiment rises. Going long on gold prices in the Asian market is a good option. I am Eddy. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my upd FOREXCOM:XAUUSD COMEX:GC1! OANDA:XAUUSD TVC:DXY TVC:GOLD ates.
TVC:GOLDLong
by Eddy_Wealth
How Probabilities Help Me win Trades on GoldAs much as I want to tell you that there is some magic set up that works for me, Unfortunately I cannot because there isn't. The more I look at my own trading over the many years that I've been doing this. It literally boils down to probabilities. What is the probability that X will happen if Y happened. This is literally how I process everything and as you can see it works wonders. In this video breakdown I show you even a new trade LIVE. Admittedly, I wouldn't have taken it because it would have been counter momentum but even GUESSING I could make it work because of probabilities. The reality is that we overcomplicate what we do too much and this is really not needed. K.I.S.S - Keep it stupid simple
OANDA:XAUUSDLong
by Brandon_evo4
Gold Futures has taken support of near 50Weeks EMA (Mother line)Gold Futures has taken support of near 50 Weeks EMA (Mother line) which is near 66402. This dip was due to change in customs duty of Gold while thinking rationally. Thus the zone between 67400 and 66402 presents a strong support zone. Mid channel support for gold Futures in case the Mother line is broken remains at mid channel support near 64030. It does not seem likely that we will get a closing below this point but in case we get a closing below 64030 bears will become very empowered and in very unlikely situation Gold futures can fall to 61092. The zone between 56493 and 55091 is a mega support as 55901 is a 200 Week's EMA or Father line. Below this zone in extremely unlikely situation Gold Futures can further find a bottom near channel bottom which is near 53064. Resistances for Gold Futures are near the zone between 69678 and 71222. Further resistance zone is between 73257 and 74881. If the channel top near 75K is broken the Gold Futures in the very long term can hit anywhere between 82K to 88K. In my opinion which has a strong bias towards Gold as world is seeing a lot of conflicts and uncertainties due to internal and external geo-political instability, Gold remains an investment option which is accumulate on every dip. Gold actual price and Gold futures price and Price of Gold sold by Jewellers can vary a little bit so please take that into consideration too. The chart here represents Gold Futures movement. To know more about Mother Father line and their significance and to learn Techno Funda analysis we recommend you read the book The Happy Candles Way. Which is available on Amazon on paperback version. Kindle version of the same book is also available on Amazon Kindle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
MCX:GOLD1!Long
by Happy_Candles_Investment