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Gold is about to usher in another big opportunity Gold surged strongly yesterday, breaking through $2000 to around $2025. My friends made a profit of 300% in yesterday's trading, and I congratulate them! So far, the highest point for gold is around $2028, at which point we need to look to past trends for reference. In recent years, gold has only risen above $2050 in 2020 and 2022. Based on past trends, there is resistance around $2035, followed by the highs of 2069 in 2022 and 2073, which was the historical high in 2020. These are the known important resistance levels, and we have no basis to predict where it will go if it breaks through 2073. Moving on to support levels, the 30-minute moving average MA60 is around $2010, and the other 5/10/20/30 are close together, around $2024-2025. The 60-minute MA30 is around $2010, and the MA60 is around $1993. On the 1-day chart, MA5 is located around $1996, MA10 around $1986, and MA20 around $1956. Based on the moving average, the support levels are around $2010-2013, followed by $1993-1996, and then $1986-1956. Therefore, the key focus for recent gold trading is on these points, allowing for buying low and selling high or one-way trading, depending on the direction of the market.
FOREXCOM:XAUUSD
by EagleEyeStrategy
20 Reasons for Buy GOLD 🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ ✨Eagle Eye: Strongly bullish with a potential for a minor correction 📆 Monthly: Currently in an uptrend with a minor corrective phase. The market has engulfed the last 3 months' move with a high chance of moving upward. 📅 Weekly: A clean uptrend with a BOS indicating a short correction before moving up again this week. 🕛 Daily: A proper break of structure with a classic cup and handle pattern and substantial buildup. All bullish signs are present, making it a good time to enter for a buy entry. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: Bullish 2 Pattern Candle Chart: Cup and handle pattern with confirmed breakout after buildup 3 Volume: Volumes increased at the 2nd breakout, but not significantly strong 4 Momentum UNCONVENTIONAL RSI: Clearly in the super bullish zone 5 Volatility Measure Bollinger Bands: M-type patterns not suitable for bulls, with a short reversal expected 6 Strength ADX: Bull DMI cross-bulls have taken control, with a correction expected 7 Sentiment ROC: The USD shows strength this week. ✔️ Entry Time Frame: H4 12. Entry TF Structure: Bullish Entry Move: We need a reversal now Support Resistance Base: Lower side trend line support at present FIB: Corrective move started ☑️ Final Comments: The corrective move is expected to complete around the 1980 area. 16. 💡Decision: Buy 🚀Entry: 1982 ✋Stop Loss: 1970 🎯Take Profit: 2070 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 5 days.
OANDA:XAUUSDLong
by Optimum369
1
GOLD: Next trend!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ M30 chart: The XAU/USD pair is currently hovering around the $2,025 mark and appears to be continuing its upward trend without any signs of slowing down. The technical indicators on the daily chart are also showing positive signs, with recoveries occurring within positive levels, although they have not yet reached overbought levels. In addition, the 20 Simple Moving Average (SMA) is moving higher, which indicates strong buying interest. This SMA is lower than the current level, but it is still above other bullish longer moving averages. D chart: Historical data suggests that January and August are typically strong months for gold, while March has been the weakest month in the past 25 years. The recent increase in gold prices can be attributed to a decline in USD and yields after a significant re-pricing on Fed rates. However, the future performance of gold is likely to be influenced by US rates. If the Fed decides to increase rates aggressively, particularly if they reach 6%, it could further impact the value of gold. Additionally, the seasonal weakness of gold during March could exacerbate this trend. Short-term bullish prediction for gold!
TVC:GOLDLong
by Sphyn-Trader
2
GOLD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on XAUUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalances lower and then to reject from bullish order block. Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD
6
Will the price of gold continue to rise?The February non-farm payroll data in the United States remained robust, however, the unemployment rate and wage growth slowed, weakening market expectations of a Fed rate hike. The short-term direction of the gold price remains dependent on US economic data, with a focus on next week's CPI report. Technically, the gold price is expected to continue its rebound trend next week. The fundamental outlook for gold: the key remains on US economic data, with a focus on next week's CPI report. On Friday, the US Bureau of Labor Statistics released data showing that the US added 311,000 non-farm jobs in February, lower than the revised figure of 504,000 jobs but far higher than the expected 205,000 jobs. The unemployment rate in February rose to 3.6%, higher than the expected and previous value of 3.4%. Average hourly earnings in February increased by 4.62% year-on-year, lower than the expected 4.7%, but higher than the previous value of 4.40%. Although the number of non-farm payroll jobs added in February was significantly higher than expected, the rise in the unemployment rate and the slowdown in wage growth have tempered market expectations of a 50 basis point rate hike by the Fed at its March meeting. At the same time, the market has priced in a significant decline in the terminal rate of the Fed, and expectations of a rate cut by the end of the year have resurfaced. According to the CME FedWatch Tool, the probability of a 50 basis point rate hike by the Fed in March is 39.5%, while the probability of a 25 basis point rate hike is 60.5%, down from 68.3% and 31.7%, respectively, the day before. Based on federal funds rate futures, the currency market currently expects the Fed's peak rate to reach 5.27% in July, down from the previous expectation of 5.67% in October, and expects the Fed's rate to fall to 4.94% by the end of the year. The market has fully priced in a 25 basis point rate cut by the Fed before the end of the year. As market expectations of a Fed rate hike have cooled, the US dollar index fell 0.61% to 104.64 on Friday, while the yields on 2-year and 10-year US Treasury bonds plunged by 28 basis points to 4.59% and 21 basis points to 3.70%, respectively. The gold price surged nearly $40 to $1,867 per ounce after a $33 drop on Tuesday. Overall, the February non-farm payroll report still shows that the US labor market remains strong, but some data is beginning to show signs of cooling. Against the backdrop of high interest rates in more than 40 years, the market has made a very sensitive response, and expectations for the Fed's interest rate outlook have quickly weakened, causing the US dollar and US Treasury bond yields to plummet, driving the gold price higher. Finally, the short-term direction of the gold price still depends on the US economic data, and the US CPI report for February, to be released next Tuesday, is particularly important. If the core inflation or detailed data shows signs of a slowdown in inflation, it could push the US dollar and US Treasury bond yields even lower, thereby boosting the gold price. If the data continues to show sticky inflation, the US dollar and US Treasury bond yields may not fall as quickly. Technical Outlook for Gold: Likely to Continue its Upward Trend On the weekly chart, gold rebounded from a significant support area formed by the 100-week moving average and the weekly high of August 8, 2022 (1,807). This week's candle has a relatively long lower shadow, continuing the rebound trend from last week. From the perspective of the trend pattern, the upward momentum of gold is relatively strong, and it is expected to continue its upward trend next week. If the trend does indeed continue to rise, the immediate resistance levels may be at the 61.8% Fibonacci retracement level (1,899), the weekly low of January 16 (1,897), and the weekly high of February 6 (1,888). On the other hand, if the trend falls back, the market may test the significant support area mentioned above (1,807/1,810) again. However, the specific direction of the trend may still depend on the US CPI data. It is worth noting that if the data does not cause gold to significantly drop, it will help confirm the (1,807/1,810) area as a temporary low point for gold.
Editors' picks
OANDA:XAUUSDLong
by Navigation-h
69
4/4 Gold Trading Strategy Gold launched a long-term upward attack in the support area of ​​1954~1950 yesterday. There was basically no adjustment on the way to continue the strong attack. The current strong pressure is at 1988-1992. Once it breaks through here, it will open up short-term upside. (support 1974-1965) Gold operation recommends buying in 1974-1977, target 1984~1988, if the rise breaks through 1988-1992, continue to look at the previous rebound high in 2009.
FXOPEN:XAUUSDLong
by EagleEyeStrategy
4/3 Gold Trading Strategy:big opportunity Under the stimulus of risk aversion, gold rose from 1800 to 2000, and then began to oscillate. From a short-term perspective, it formed a double top pattern, which I shared with you last week. Interested friends can go and take a look. Now let's talk about the trading strategy in detail based on the 4-hour chart. As we can see from the chart, when it first reached above 2000 points, the large increase led to a large deviation, resulting in the need for technical pattern correction, coupled with the cooperation of news, the market began to pull back. Eventually, it found support near 1936, and at the same time, risk aversion swept over again, and the price of gold rebounded, once again approaching 2000 points. However, risk aversion will gradually decrease over time (without further stimulation), and the price of gold at 2000 points is also a resistance level. The market will pull back again, this time down to around 1947 to find support, of course, there is also the cooperation of news during this period. When it rebounded to the resistance level near 1975, it oscillated repeatedly. On Friday, when US February data was announced, despite the small difference, the bulls still took the opportunity to break through 1975 and came to around 1986 (resistance level). Afterwards, the final value of the University of Michigan's 1-year inflation expectation for March was announced, with a published value of 3.6%, lower than the expected 3.8%, and February was 4.1%. It can be seen that the short-term inflation expectations of US consumers have declined significantly. It is also because of this that the price of gold quickly fell back to around 1966, and as of the closing, the market has not returned above 1975. On the 4-hour chart, the MACD has formed a dead cross, which is a bearish indicator pattern. The resistance level continues to be around 1975. The small-scale support is around 1966-1963, and the 4-hour support is around 1948, which is also the support level during the last pullback. If it falls below, look for around 1920. The daily MACD is about to form a dead fork. The MA20 is around 1928, and the MA30 and MA60 are around 1897. The MA5 and MA10 have formed a dead cross and are around 1969. On the 30-minute chart, there is a demand for rebound, and the resistance level is around 1973-1977 (1975). Therefore, during the Asia-Pacific period on Monday, trading can be carried out around this position. Buy: 1966-1963 TP: 1973-1975 (If it cannot break through around 1969, it needs to be closed in time and short-selling) Sell: around 1970-1975 (if it cannot break through 1975-1977 in the rebound) TP: 1966, 1963, 1957 During the European period, pay attention to the support and resistance situation. If the support around 1963-1957 is broken, look for around 1948. If the support is effective, pay attention to whether the rebound can break through the resistance around 1975. Sell: 1975-1963 TP: 1955-1948 If the market is still oscillating around the 1963-1977 range during the Asian and European markets, pay attention to the breakthrough direction during the US market, and then I will give specific trading strategies based on the market.
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
2
GOLD: Safe haven for investors!Due to the market's recent instability, Gold has experienced a surge in value. The price per ounce has surpassed $2,000, reaching a peak that hasn't been seen in a year. Additionally, it appears that Gold exchange traded funds will see a positive net inflow in March, which hasn't happened in nearly 12 months. Based on these recent developments, it's possible that Gold prices could exceed our projected target of $2,100 by the end of March 2024 earlier than anticipated. Although the global financial crisis has been avoided, it may take some time for investors to regain their confidence. Based on technical analysis, the price of gold is being impacted by the resistance and support areas, which are effectively fulfilling their roles. It's important to take into account the price range between $1935 and $2000 across multiple time frames. Looking ahead, it's anticipated that gold will continue to experience growth. MAYBE BUY GOLD 1960-1965 TAKE PROFIT 1: 1975 TAKE PROFIT 2: 1985 TAKE PROFIT 3: 2000 STOPLOSS: 1950 Note: Note: Full TP, SL for winning the market and safe trading!
TVC:GOLDLong
by Sphyn-Trader
6
GOLD Breakdown this cup and handle pattern!#GOLD TECHNECAL ANALYSIS GOLD marked this cup and handle pattern, according to the pattern we can expect 20% bounce, basic info A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
OANDA:XAUUSDLong
by CRYPTOMOJO_TA
4
Gold was bearish in early trading in 1970, and then bullish afte Gold hit a high and fell back yesterday. I reminded to start shorting and bearish. 1965 decisively turned back empty. Now continue to hold short. The target is bearish to the support of 1945 below before considering going long! The current gold is a shock trend after a big rise. From the perspective of the 4-hour level, the shock presents a convergent triangle shape, and the shock range gradually narrows! This is also in line with the law of market operation! Generally speaking, after a big market, it corresponds to a large shock adjustment period, and the range of shocks is also narrowed from wide, from active to inactive! And when the market starts again, it is the time when the market becomes active again! The current shock range of gold has gradually narrowed to the range of 1945-1980! In the absence of stimulus from news events, the probability of gold breaking through is very small! Continue back and forth within the interval! The lower support is the support of 1945, the lower rail of Bollinger for 4 hours. If we do not break the position after touching it, we will have more! specific strategy Gold is empty at 1970, stop loss at 1978, and stop profit at 1945. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
TVC:GOLDLong
by Crazylambboy
Gold rose more than 1963 to make profits, and today's 1960 suppo Gold I repeatedly emphasized yesterday that relying on the support of 1950 is to be bullish! The trend is as expected, and finally pulls up to break through the pressure of 1970, the band rises, and continues to be bullish at low levels. Today, relying on the support of 1960, it continues to be bullish The general direction of gold is still an upward trend. At present, it maintains a shock within the 1940-2000 range, close to the lower support position, and be more bullish first. This is our established strategy, and it is also implemented in this way! The final result is also in line with expectations! Now that the gold shock has opened a rising period within the range, it may even start a new wave rising again and break through new highs! Let’s continue to take advantage of the trend today! Relying on the hour-level moving average support and the support of Bollinger's middle rail, do more bullish! After the callback, go straight to see more! The pressure above focuses on the 1990-2000 area. Whether to continue to oscillate within the range or open a new band, whether the pressure position can break through is the key! specific strategy Gold is more than 1963, stop loss is 1955, and profit is 1990.
OANDA:XAUUSDLong
by Crazylambboy
Goldman Sachs channeling a recovery. GSI would have loved nothing more than a total collapse of this one. I shorted this one many times last year, but alas the guys in New York got bailed again. There is a WXY channel within a larger B of an Elliot flat. We are due to start the Y soon. Hidden momentum divergence, confirmed by a volume one, thus there is something there on the divergence level as well. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NYSE:GSLong
by Rykin_Capital
3/29 Gold Trading Strategy After forming a head and shoulders pattern, gold dropped to around 1935 and then rebounded to above 2000 to form a double top. Subsequently, the price fell again to around 1945 before rebounding. Yesterday, the price rallied to the range of 1969-1975 before succumbing to selling pressure. If viewed from a macro perspective, this pattern resembles a double top, which encompasses both a head and shoulders pattern and a double top. Should the market fail to break through the range of 1975-1988, this double top pattern will be confirmed, and the price will undoubtedly fall below 1900. The recommended trading strategy is to focus on shorting, while keeping an eye on support and resistance levels, and developing more detailed trading plans accordingly. FOREXCOM:XAUUSD FXOPEN:XAUUSD
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
3/28 Gold Trading Strategy Gold rose to around 1963 and started to fall back. A small double bottom is not ruled out here, but the premise is that there is support around 1945-1943. If it falls below, look at around 1933 below. The upper resistance is currently in the 1963-1969 range. Trading straregy: sell: 1960-1969 tp: 1945-1933 sl: 1972 buy:1933-1937 tp:1942-1948 sl:1931 1945 has a certain support. If it does not fall below 1943, you can do a small amount of long around here. Around tp1960. If it falls below 1943, the long-term conditions are not established. You should mainly short. If it falls below 1933, look at the vicinity of 1920-1914.
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
Gold 2003 double top pressure, first fall and then rise Gold, the highest last week was 2010, the lowest was 1934, and the weekly line recorded a negative K close near 1976! Last Friday, the daily line made a double top in 2003 without breaking through the high pressure and retreated, and the remaining 2000 was short and small and 2001 was out. Of course, it was also reminded in the VIP that even if it broke 2000 at night, it would not be chasing higher. It may be a small break. Continue and then pull back, and finally pull back at midnight! I didn’t participate last Friday night, but the author went online after 23:00 to check the market. At that time, gold retreated and broke 1990, so the rebound 1994 was empty, and it was just over the weekend. But to be honest, even last week 5. If you seized the highest point in 2003 and shorted, there is still a certain element of luck. There is a sequence in it. I may not understand a few words, but I know it well, so the shorting of the high point in 2003 is a gamble. It is only reasonable to rely on luck to really catch the short, and it must be a rebound after breaking through 1990 to choose an opportunity to come back in the short! In today's market, 4H closed down continuously, and the rebound continued to be bearish. Below, focus on 1950-1930, the weekly level moving average is supported at the 1930 level. Last Friday, the remaining 2,000 shorts suffered a small loss, and I did not participate in the event last Friday night. Although the author continued to short after 23:00, the time was too late, so the group did not give it! But the short-term target of 1975-1967 is in place today! Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
FXOPEN:XAUUSDShort
by Crazylambboy
3/27 Gold Trading Strategy Gold fell below the weak support, rebounded after reaching the support around 1969, and fell back under pressure around 1978. At present, the weak support from 1975-1971 has turned into resistance. sell: 1971-1978 tp: 1963-1959 sl: 1981 buy:1959-1963 tp:1968-1971 sl:1954 1978 strong resistance, short near 1971, weak support 1969-1966, strong support around 1963-1959, short orders take profit in this range Fall below 1959, look at the 1950-1945 range
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
Gold Monday Trading Strategy Gold fell after touching above 2,000 again intraday on Friday. As of the close, it was reported at 1978. During the transaction, I had already reminded my friend TP in the group. There are some small supports near 1977, but this support is not very strong. As long as the bearish power is strong enough, breaking this support is a high probability. I used the 30m chart, and there are two areas circled in the chart. For the market on Monday, first look at the 1975-1983 range shock. If the bears are strong, 1975 will definitely fall below. The following is the strong support near 1969. If there is no news stimulus, we can go long when it falls to the 1969-1963 range. It should not be a big problem to catch a small rebound. I will give a specific strategy at that time. The current situation is: 1988-1983 resistance level 1975-1971 weak support 1969-1963 Strong support Shorting in batches without breaking through the resistance level, breaking through 1990 stop loss, taking profits in the weak support-strong support range Go long without breaking the strong support, stop loss if it falls below 1960, take profit in the weak support-strong support range The market will change at any time, and it is impossible to operate completely according to one's expectations. (If only it worked out as expected!) I also update the strategy in real time as the market changes. Welcome everyone to pay attention. FOREXCOM:XAUUSD
FXOPEN:XAUUSDShort
by EagleEyeStrategy
GOLD | Interesting facts about GoldOANDA:XAUUSD 1.Gold is a 'noble' metal, meaning that it does not rust or lose its shine. Other noble metals include ruthenium, rhodium, palladium, silver, osmium, iridium, platinum, mercury, rhenium and copper. 2.Gold is the only yellow metal. All other metals darken or turn a yellowish colour after they have oxidised or reacted with other chemicals. 3.Gold is one of the heaviest and densest of all metals in the Periodic Chart; a cubic foot would weigh more than half a ton. 4.Pure gold will melt at 1064.43° and boils at 2856.1°. Even at normal temperatures gold is extremely soft. One gram of gold can be flattened down to a square meter sheet, which is so thin that light passes through, and because of this it has been used as a protective film on visors in space suits 5.Odourless and tasteless, gold is not toxic - and flakes may be eaten in foods or drinks. 6.Gold is far rarer than diamonds but is only the 58th rarest earth element. 7.It is estimated about 160,000 tons of gold have been mined throughout history. 8.In 2018, China was the world leader in gold mining production. Second was Australia, Russia third, US fourth and Canada fifth. 9.The largest gold nugget is the 'Welcome Stranger' mined in Australia in 1869, weighing in at a colossal 173 pounds (that is nearly 78.5 kilos). 10.The first gold coins were produced in Lydia between 700 - 650 BC. They were made from electrum, which is a naturally occurring alloy of gold. 11.The Swiss Franc was the last remaining country to peg its currency to a value in gold. It became a fiat currency in 1999. 12.The Perth Mint in Western Australia cast the largest ever coin - weighing one tonne and measuring 80 centimetres (31.4 inches) in diameter. 13.New York’s US Federal Reserve Bank is reported to hold 25% of the world's gold reserves. 14.Gold is frequently used as a safe haven asset in times of economic turmoil or geopolitical uncertainty. 15.Gold has historically had a weak correlation to movements in the financial markets and is frequently used as a hedge against inflation.
OANDA:XAUUSDEducation
by INVESTRONE