Gold.The rebound is about to begin. Follow me to buy.It’s now. The time to buy has arrived. As I said last week, there are still a lot of trading opportunities this week.
The rebound range is around the first target position near 2420
A large number of buy orders continue to pour into the market. Don’t hesitate.
The position near 2398-2404 is a good buying opportunity. TVC:GOLD COINBASE:BTCUSD COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD
Goldlongsetup
xauusd:It will rise again next week!All the strategies I sent this week are profitable. Shorting gold after the release of NFP data today has made huge profits again.
But I predict that gold will rise again after reaching the support position next week, because DXY will continue to fall, which will further drive gold up.
If your current account is still facing losses or there are orders to be processed, you can leave me a message and I can help you solve it.
I will send more accurate strategies in the future to help you make greater profits. Keep paying attention to me, there will be accurate signals every day!
Who has been losing money in this market?
After the release of the non-agricultural data, the gold price first rose sharply by 20 US dollars to 2477. Then it quickly pulled back under the huge shock at the high level. It pulled back to 2456 again. Then it rose to 2477 again. It repeatedly rushed up and fell back twice. Obviously, the upward momentum was insufficient and it could not refresh the previous high again. Finally, after a short-term narrow fluctuation, it fell sharply. The current price is 2419, and the lowest price dropped to 2413.
The overall gold price has gone through a roller coaster market. The wonderful dealers absorb funds and then control the market, and the poor retail investors suffer.
I only operated twice in two consecutive tug-of-wars. The overall profit is still relatively ideal.
As of August 2, 16.20 in the afternoon. The current operation has almost no failure. I used an account of 216.86k to trade before, and I have withdrawn 186.71k.
It just caught up with such a big market once a month. when there is a big market, it is time to make money.
Just a simple sharing. This Friday is wonderful. My members must feel the same way.
Because they witnessed it all happen.
Additional suggestion: If the gold price falls to the range of 2406-2399, I will consider buying.
COMEX:GC1! TVC:GOLD OANDA:XAUUSD
In such a market, you can make money no matter how you trade.The sharp decline in global stock markets has provided strong support for the decline in gold prices. Although there was no expected interest rate cut last week, the market strengthened again after a high and then fell back. It is the same as my personal expectation. Friends who follow me know that I said my thoughts in advance last Friday. Continue to be long gold prices. The highest gold price in the Asian market reached 2460. It fell back to 2421 during the session and encountered support. Gold prices rose again in the London market. The current price is stable at 2433.
In terms of operation, you can continue to sell high and buy low without sending messages. If the price is low before the New York market arrives, I think you can continue to increase your efforts to buy.
Still the same. Investors with large funds can directly enter the market in advance to ambush.
A new release channel has been created. Remember to keep paying attention. As a good reference guide. If you are not in a good mood and you can't trade, leave me a message to get accurate trading details. After all, I am sent by God to save those who continue to lose money in the market. People who follow me know that I have hardly suffered any losses so far.
COMEX:GC1! COINBASE:BTCUSD TVC:GOLD OANDA:XAUUSD
NFP will fall first and then rise. Buy at low positions
If you are not sure about the direction of NFP. Just wait and see, don't trade. Today's non-farm, my personal idea is to fall first. Then rise. In terms of operation, buy at low levels.
It is more reasonable to buy at 2448-2443. Based on the news, it will fall first and then rise. Then trade.
OANDA:XAUUSD TVC:GOLD COMEX:GC1!
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.
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
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
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
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.
Trend trading: long gold price
If there is no major news impact, the short-term focus is still on long positions.
Focus on buying around 2400. Focus on selling around 2312. I will update the actual trading opportunities in private channels. Stay tuned.
OANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1! MCX:GOLD1!
XAUUSD: Are We Heading Towards $3000?After looking at monthly price momentum, in our view price can create all time high and go beyond $2500 in long term. Most of the economic data suggests the future growth on Gold. In short term right now we are targeting $2500 region at first after that we can some short term price correction. There will be multiple good entries that market will present, the first one is at the current trading price. We will update the chart as we progress.
good luck ;)
Avoid shorting GOLD gold was hovering in the triangle pattern @ 1hr chart then we had a breakout and sharp upside
as the middle range of the pattern is projected as the target level and we can see price has taken a U turn from the area which had a refined fvg
now the price is back to the area where buyer earlier accumulated
we have the low of 2287 above this zone price will safe for long makers
Analysis of gold price trend on MondaySpot gold fluctuated slightly lower during the Asian session on Monday, currently around 2324. Gold prices rose and fell last Friday. Although a key US inflation report was basically in line with expectations, boosting hopes that the Federal Reserve may cut interest rates before September, political uncertainty overshadowed this optimism, and US Treasury yields surged to a nearly three-week high, causing gold to fall after rising!
U.S. Treasury yields reversed earlier losses on Friday as uncertainty over the U.S. presidential election and French parliamentary elections offset a confidence boost from earlier data showing slowing U.S. inflation. Meanwhile, French yields rose on Friday as the first round of the general election is scheduled for Sunday, with polls suggesting a possible victory for France's far-right party.
The US Independence Day will make this an unusual week for economic data, with important releases compressed on either side of the holiday. On Monday, the market will receive the ISM manufacturing purchasing managers' index, followed by the Eurozone CPI flash reading and JOLTS job openings data on Tuesday. ECB President Christine Lagarde and Fed Chairman Jerome Powell will also speak at a central bank conference in Portugal.
Gold daily and weekly lines are running in a convergent triangle, but the daily and 4-hour lines appear to be consolidating at high levels for a little longer, which will limit the momentum of bulls. Although the hourly and 4-hour charts are in the upward channel, it can still be seen that they are not strong, so be careful of the need for a retracement at the beginning of the week. The support of the 2318 line needs to be paid attention to below. A breakthrough will increase the strength of the retracement! The upper resistance is 2339, and the operation is to sell high and buy low!
Asian trading strategy:
Short-term gold 2318-2320 long, stop loss 2310, target 2335-2345;
Short-term gold 2338-2340 short, stop loss 2349, target 2310-2320;
Note: The above strategy was updated on July 1. This strategy is an Asian trading strategy. Please pay attention to the validity period of the strategy release.
Is the expectation of gold's reduction to 22xx coming true?At the start of the buying and selling consultation on June 27 (US time), international gold expenses abruptly improved sharply after being "hurt" via way of means of a assertion from a US Federal Reserve (Fed) chief that prompted the USD to growth in value. , eliminating gold`s vast power.
Specifically, Ms. Michelle Bowman, a member of the Board of Governors of the Fed, stated that the Fed maintaining hobby charges unchanged for an extended time period can be sufficient to govern inflation, and the Fed may even growth hobby charges if inflation increases. emission keeps to growth.
FXTM senior studies analyst Lukman Otunuga affirmed that Michelle Bowman's assertion has prompted gold to be "hurt" as soon as again.
From every other perspective, traders are presently listening to americaA May inflation file posted later this month. They assume that when the file, the course of gold can be clearer.
Gold charge forecast
Mr. Lukman Otunuga stated that gold expenses can also additionally vary strongly withinside the last classes of this week. In the quick term, the guide stage for this valuable metallic is 2,three hundred USD/ounce and the resistance stage is 2,340 USD/ounce.
Although gold is suffering to keep the $2,three hundred/ounce mark, latest studies outcomes from State Street and the World Gold Council are expecting that the valuable metallic is attracting cash managers and hedge funds.
State Street professional Milling-Stanley has raised his gold charge forecast for the second one 1/2 of of the year. It is predicted that gold charge will variety from 2,two hundred to 2,three hundred USD/ounce.
Gold rebounded after oversold
After the news was released on Friday, gold fell sharply. In addition, a large number of buy orders were traded in the market. The lowest gold price reached 2318, and the Asian market rebounded. The operation is still mainly buying at low levels. See if the position of 2332 stabilizes above. If it stabilizes, you can continue to buy.
OANDA:XAUUSD COMEX_MINI:MGC1! MCX:GOLD1! COMEX:GC1! NYMEX:CL1! NYMEX:WTI1! MCX:CRUDEOIL1! NYMEX:MCL1! TVC:DXY BYBIT:BTCUSDT.P INDEX:BTCUSD
Gold price today (June 24): "Hold your breath" waiting for the sWorld gold charge today
World gold costs have a tendency to boom with spot gold growing via way of means of 3.2 USD in comparison to final week`s ultimate degree to 2,323.2 USD/ounce.
After a unstable week, the sector gold marketplace is predicted to stabilize this week with few essential statistics launched withinside the center of the week. The maximum awaited records via way of means of the marketplace is the center private intake expenditure index document (americaA Federal Reserve's (Fed) favored inflation measure) predicted to be posted on the quit of the week. Some reviews say that this document is predicted to create fluctuations withinside the marketplace. Weaker statistics ought to boom the chance that the Fed will reduce hobby charges in 2024, and that situation might aid the yellow metal. On the contrary, inflation "hotter" than predicted will motive gold to fall deeper.
Although the upward momentum has slowed, many analysts agree with that the elements which have supported gold these days have now no longer disappeared. Accordingly, worries associated with geopolitical instability remain, mainly beforehand of americaA election in November. Additionally, the USD's role as the sector's reserve forex is still challenged. focus and the danger of worldwide inflation remains.
According to the World Gold Council's latest annual Central Bank Gold Reserves Survey, the ones are the pinnacle motives why each retail traders and important banks flip to gold.
GOLD - The flag pattern appears clearlyBUY GOLD 2312-2313
GOLD in the current European session has also reached its very low zone. Previously, GOLD had formed a weak support zone at this price level. Although it was weak support, in the European session it was clearly quite strong. There is little reason to confirm that gold will break this zone, so you should place full TP/SL, don't abuse leverage, only risk about 1-2% of your total capital. Please.
--
Last Sunday, Minneapolis Fed President Neel Kashkari stated that it's far affordable to are expecting that americaA Central Bank will handiest reduce hobby quotes as soon as this year. This announcement had a good sized effect on marketplace psychology.
This week, US retail income information, weekly jobless claims and shopping managers` indexes are anticipated to offer similarly clues approximately the course of the Fed's hobby quotes.
Although gold expenses have decreased, professionals nonetheless trust that gold is in a good environment. Data launched remaining week confirmed that hard work marketplace and fee pressures are displaying symptoms and symptoms of cooling. Capital monetary marketplace analyst Kyle Rodda stated that information displaying symptoms and symptoms of weak spot withinside the US financial system may want to weaken the USD and growth expectancies of destiny hobby charge cuts. .
Precious metals continue to be supported via way of means of hopes that subsequently the Fed will need to pivot its policy. In addition, political instability in France additionally multiplied danger aversion globally, supporting to enhance safe haven call for for the treasured metal.
Gold prices rebounded due to unfavorable news for the dollarGold rate remaining week began out the primary buying and selling consultation at 2,293.70 USD/ounce. During Sunday night buying and selling, spot gold surpassed $2,three hundred an oz. approximately hours earlier than North American markets opened and that degree held in the course of the relaxation of the week.
After that, gold costs reduced slightly, to approximately 15 USD/ounce because the marketplace waited for americaA purchaser inflation file and the FOMC`s hobby fee announcement, up to date monetary forecasts and the clicking convention of FED Chairman - Mr. Jerome Powell on Wednesday.
The US CPI file brought on the marketplace to interrupt out of sideways buying and selling, pushing spot gold from $2,313/ounce to a excessive of $2,336.72/ounce.
By the time the FED introduced that they might preserve hobby charges unchanged, costs had lower back to $2,326/ounce and see gold endured to be offered off because the marketplace absorbed the FED Chairman's "hawkish" stance.
By Thursday, spot gold had over again slipped to help levels. However, the treasured steel has considering that visible a strong healing. By Friday morning, gold costs over again increased, remaining the buying and selling week at 2,332 USD/ounce.
After a protracted slide, global gold costs recorded a sturdy healing week. This is inflicting many specialists to make pretty superb forecasts approximately the short-time period possibilities of treasured metals.
James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold costs to upward thrust subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for longer-time period help.
Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management - said: "I am positive approximately gold subsequent week. It looks like gold is prepared for a technical healing."
In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are notably extra positive approximately the short-time period possibilities of treasured metals.
eight specialists (accounting for 62%) assume gold costs to upward thrust better subsequent week. Only analysts (or 15%) are expecting costs will decline. The closing 3 people (equal to 23%) assume gold to alternate sideways subsequent week.
Meanwhile, 216 votes had been solid in Kitco's on line poll. Of these, 117 traders (equal to 54%) are expecting gold costs will growth subsequent week. Another forty nine people (equal to 23%) are expecting treasured metals will lower in rate. While 50 people (equal to the closing 23%) forecast that gold costs may be flat subsequent week.