Technical analysis of gold, how to operate the US market?Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the overbought area, gold prices are approaching the support line from a month ago. A looming bullish crossover on the moving average convergence and divergence (MACD) indicator added strength to gold's corrective rally. On the whole, it is recommended to rebound and short in the evening gold operation!
Gold evening operation strategy:
Empty order strategy: It is recommended to go short at 1932-1934, stop loss at 1941, and target around 1918;
Multi-single strategy: It is recommended to go long at 1918-1916, stop loss at 1910, and target around 1930
Detailed daily trading signals can contact me to get! I wish you all a great and profitable new week
Goldmcx
6.20 Gold continues to range profit6.20 Today's gold market trend analysis:
From a technical point of view, spot gold fell slightly on Monday, the daily line closed negative, but did not change the diurnal cycle of the state, the daily cycle or look at the 1980/1935 unchanged, because the temporary interval performance is larger, so it is not suitable to judge the day trading, then the cyclical to look at the H4 cycle changes.
Through Monday's slight decline, the current H4 cycle broke through the Bolin track, temporarily a bit weak state, but the temporary Bolin closure is obvious, gold is unlikely to fall sharply, the day to oscillate slowly or rise again to form a continuous Yang, stand firm in the Bolin track, above you can see 1968/1970 highs, therefore, for Tuesday is the shock slow down or the shock slow up, It also needs to be observed that according to this trend, gold is more inclined to form a shock and slow rise state on Tuesday.
The hour-line cycle temporarily formed a shock range in 1947/1954, the morning opening did not directly rise, then the Eurasian plate is weak performance, and there is room for slow fall, so the transaction needs to wait for a fall to the key point to do more, the support point below is near 1945/1946, Europe and the United States rose to determine, you can see 1968/1970 highs. As for whether you can short, you need to observe the change in the shape of the United States.
6.20 Gold Strategy:
Rally to near 1955 short, stop loss 6 points, target 1945
The broken position can continue to hold if it stands 1960. Short orders are concerned about the above 1970-1968 suppression does not break the consideration of short
Retracement to go long near 1945, stop 6 points, target 1955-1960
gold will continue to rise6.16 Analysis of today's gold market trend:
After the confirmation of the rise of gold on Thursday, the change of strength and weakness has not been formed. This kind of trend ushered in the outbreak of bulls again. Since the bulls and shorts failed to change, then, gold will still maintain a bullish trend in the near future, which is undoubtedly bullish.
What needs to be noted in the session is that the daily line cycle has a false breakthrough. Although the decline pierces the lower track of the daily line Bollinger, the positive k-line after closing up is firmly above the lower track of Bollinger, breaking through the middle track of Bollinger with a big positive line , and today's k-line is also standing firmly on the Bollinger middle rail, so today's gold is absolutely strong, and the upper Bollinger rail high point of 1980 or 1985 (the starting point of the previous decline) can be seen above.
In the H4 cycle, Gold Lianyang is rising, and the high point on the upper track has not been tested yet, so there is no opening at present. To be bullish, you need to look at the gains and losses of the high point on the upper track at 1968/1970, and then see whether Bollinger will open. Therefore, the suppression point within the day It is also relatively clear. The first high point focuses on 1970, and the second high point focuses on 1980. During the Friday time period, it is expected to continue its strength, rushing to the suppression point and then falling back. The small cycle determines the entry and exit of specific transactions. After the first wave rose to 1960 on Thursday and fell back to 1951, it was weak. The actual support was at 1950. Therefore, the key point of today's strength is at 1950, and the support for rising and falling again at midnight is at 1955. Therefore, the strong support is at 1955, then, the actual transaction can be placed above 1955 or 1950 to do long, and the specific situation is combined with the intraday pattern. Whether the high suppression point can be long needs to be considered in the US market
6.16 Gold Strategy: If it goes up, it is recommended to rebound to 1968-1970 and short, stop loss 6 points, target 1960-1955 break position can be held; if it goes lower, pay attention to 1955-1950 support and do long, stop loss 6 points, target 1965-1970 break position can continue to hold
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down.
As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year.
Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range.
However, if the price returns to the 1950-1945 zone first, I will set up a buy order here
At the moment, all signals are in favor of gold's uptrend
Gold trading recommendations today
The current decline of gold remains unchanged, and the rebound is still a short-selling opportunity! The pressure in 1957 above is obvious!
The current gold is in a downward trend. Shorting is the only strategy at present. The thinking is clear. The remaining execution points rely on key pressures, and we should deal with them immediately!
From the perspective of the 4-hour level, gold fluctuates and fluctuates, and after each shock, it will break a new low! Mainly operate at high altitudes, relying on the suppression of the downward trend line, and the upper horizontal pressure of 1957 to dry up, continue to look at new lows!
Trading straregy:
Trading strategy for next week:
gold: sell@1957 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Analysis of short-term entry trading points for gold next week1. The short-term gold hits the top 1980-1984 high again and the suppression will not be broken. You can temporarily consider placing short orders to see the callback repair, and stop the short order at 1986 to prevent the market from continuing to rise unilaterally. At present, the bottom of the short order should first look at the support of 1968-1970 , If it falls below, pay further attention to the lower low point around 1958-1960!
2. As a whole, gold will look at the pullback strength after the opening of the market next week to determine at what point it will start to stabilize and go long. On Monday, it is expected that the short-term fluctuations in the overall market will not be too large, so let’s first look at the first support near 1968-1974 Can it start to stabilize and rebound, and the layout of this point is long, the lower stop loss will be placed directly at the 1865 low, and once the market continues to decline again at the 1965 mark, then our next key support needs to look at the 1952-1957 low. Whether it has stabilized and rebounded again, and for this long order, first of all, it depends on the situation at the top of 1980! If you stand firm, look further at the 1984 high point to suppress the breakthrough!
3. If gold directly rebounds strongly again, the first and most important high-level suppression is the vicinity of the 1998-2007 mark. Once the gold continues to rebound and hits this high point, the suppression does not break, it means that the strength of the bulls has begun to weaken again, so we are in the middle and long term The key points for re-arrangement of empty orders, and for this mid-to-long-term empty order target, we will temporarily look at the low line of 1958-1952 below, and continue to break through the line of 1952, indicating that the bears have begun to exert their strength again, and we will further see 1945-1948 below Important position!
Investment is a long-term process, don't think about getting rich overnight. How can you invest without a good attitude and order planning?
Friends who are interested in investing in gold and crude oil but have no way to start, or are already in contact but the transaction is not ideal, you can contact me
Gold is about to reboundNews side:
International gold closed down sharply on Thursday (May 18), with an opening price of $1980.18/oz, a highest price of $1985.78/oz, a lowest price of $1951.79/oz, and a closing price of $1955.85/oz.
News side:
The monthly rate of leading indicators of the U.S. Conference Board in April released on Thursday recorded -0.6%, in line with market expectations, and the previous value was -1.2%. The market expected 254,000, and the previous value was 264,000.
According to the commentary, following the "falsely" inflated data in the previous weeks, the number of people filing for unemployment benefits in the United States hit the largest drop since 2021. Initial claims for state unemployment benefits fell by 22,000 to 242,000 in the week ended May 13, according to data released by the Labor Department on Thursday. Continuing claims fell slightly to 1.8 million in the week ended May 6. Some economists have been wary of drawing strong conclusions from the data amid reports that fraudulent filings are behind the recent trend in jobless claims. Massachusetts accounted for nearly half of the national increase in unadjusted applications for the week ended May 6, which state officials said was largely due to fraud.
Fed official James Bullard said concerns about the impact of banking stress had been "overemphasized." He would keep an "open mind" about his next policy meeting in June, but signaled he was inclined to support another rate hike.
Focus on today:
14:00 German April PPI monthly rate
20:30 Canadian retail sales monthly rate in March
20:45 Fed Williams delivers a speech
21:00 Federal Reserve Board Governor Bowman participated in the session
23:00 Federal Reserve Chairman Powell attends the discussion
At 03:00 the next day, European Central Bank President Lagarde attends a group meeting
Gold aspect:
Gold continues to break new lows, and the daily support has been broken! There is only one result of such a trend, continue to break down! The support below is the previous support area of 1930-20! Short, the rebound in early trading relies on the pressure of 1970 to continue to short!
The trend is down, the most important thing is to follow! Although the market moves slowly, but in the right direction, profits are within reach! In just three days, gold has fallen by $70! The trending market is the profitable market, you must seize it!
Today's Asian-European gold is estimated to fluctuate and adjust first, and then continue to decline after a break! The recent market is concentrated in the U.S. market, so after the intraday rebound encounters resistance, find the right opportunity to go short and wait for the U.S. market to break out!
specific strategy
Gold 1970-1972 empty, stop loss 1978, take profit 1930.
The above suggestions are for reference only, investment is risky, and operations need to be cautious
Detailed Free Signal View My Profile Signature
Gold profit 18% stop profit on May 8The overall price of the gold market fluctuated little today, but we bought long orders at the price of 2015 at the opening of the market and took profit in 2027
Sell 2018 at the intraday price of 2026 to take profit
Two precise trades gave us a 20% profit today
It can be said that it is also a very good day.
After the second transaction, many friends asked me why I can accurately grasp the trend every time. I can only say that it is experience. I have been trading in the gold market for more than ten years and spend twelve hours a day studying the news and information of the gold market. On the technical side, it is common for me to grasp the trend now. Of course, I cannot be 100% accurate, but I can guarantee an accuracy rate of more than 95%.
So let's get down to business, I will push real-time current price call orders every day to prove my strength. At present, the daily operating profit continues to increase
I believe that friends who have followed my experience have sharp eyes. After a period of communication and experience, as well as the verification of the market, I believe that the accuracy of the list can conquer all doubts and ideas
Although my main account is no longer updated, but the old new account will continue to share with you thoroughly
Analysis of the message side:
At the beginning of May, the Federal Reserve decided to raise interest rates by 25 benchmarks, and announced the US non-agricultural employment report for April. The important information basically did not bring too many surprises and emotional value to the market. The follow-up market still needs to pay attention to three changes. First, Whether the Fed will raise interest rates or suspend interest rate hikes in the future will be the main factor affecting the future market. Second, whether the crisis in the U.S. banking industry will continue to decline or improve. Third, the situation between Russia and Ukraine is still inevitable in the future. Topics, these three points are important topics for discussing changes in the global economy. This week's focus will be on the meeting between US President Biden and the four leaders of the US Congress on the debt ceiling issue at the White House. Furthermore, the annual rate of CPI at the end of the April quarter will be announced on Wednesday, which will be another important data that will detonate the market.
The intraday market is light today, and there is no key data to pay attention to.
The basis of the analysis is the interpretation of the fundamentals and the confirmation of the technical aspects. The fundamentals this week need to pay attention to the impact of the CPI data, changes in the situation in Russia and Ukraine, and the signal released by the Federal Reserve. Technical changes need to be determined according to changes in the market that day. First of all, the bullish trend of gold remains unchanged during the week. As long as gold is above 1935, it must be a bullish trend, and above 1970, it must be absolutely strong. Therefore, even the sharp drop in non-agricultural data last Friday did not change the temporary gold Therefore, we will remain bullish in the long-term during the week, do not guess the top, and mainly trade low and long, supplemented by short-term. However, this week's bullish gold is expected to rise first and then fall, and the downward trend in the cycle cannot be ignored.
As far as the intraday market is concerned, the information flow of intraday changes is not large. Judging from the shock closing performance of the daily line, the largest range this week is 2042/1970, but the daily line closes in a negative direction, and it is expected to rebound to 2042. Not much, the maximum value is expected to be around the synchronous high of 2032 in the H4 cycle. This wave of rise and rebound is expected to continue until Wednesday's CPI data. After the end, we will look at the impact of the data. After the end of the daily rebound at the beginning of the week, we will see room for a slow decline. At the bottom, we need to pay attention to the lows of 2000 and 1970. After falling below 2000, the lower track of Bollinger in the H4 cycle will be opened to see the effective room for decline. From the perspective of changes in the small cycle, the morning market opened normally, continuing the rebound at the end of last Friday. It is expected that the slow rise at the beginning of the week can be seen near the small cycle Bollinger middle rail and the 60-day moving average, and the point performance is at 2025 or 2032. Therefore, trading needs Wait for the rebound to go short. On the contrary, if the rebound is not over, the main trading force can fall back and do long. The short-term lower support is around 2008-2005. The Asian-European market can be bullish after confirming the strength of the 2008 low according to the shape of the fall. Then, today’s judgment It is very clear that the beginning of the week is mainly bullish, and the transaction needs to wait for a fall. The lower part focuses on 2008-2005, and the upper part focuses on 2025 and 2032.
Trading straregy:
It is recommended to rebound to 2025-2030 and short in batches, with a stop loss of 6 points, and the target is 2015-2010;
It is recommended to call back to 2008-2005 and go long without breaking, with a stop loss of 6 points, and the target is 2020-2025
For many investors, without an excellent analysis team and professional teachers to lead them, it is difficult to survive in the market for a long time alone
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Will gold continue to rise?
Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise?
I believe it will, and it may even reach around 1890-1900.
Why do I say this? Let's analyze it from the fundamental and technical perspectives.
As we have discussed in previous articles, the non-farm payrolls report is likely to be bullish for gold and drive up the price, and this judgment has now been confirmed, so the fundamentals are in line with expectations.
From a technical perspective: Gold experienced a V-shaped reversal this week after hitting a low, with the weekly chart closing out and the price now turning from weak to strong. The daily chart shows a continuous increase in positive days, with increasing trading volume and the price forming a bullish trend. The 4-hour chart has formed a double-bottom support rebound, and the price continues to rise with a positive momentum. The Bollinger Bands are opening upwards, the MACD is showing a bullish crossover, and the red momentum bars are continuously rising, indicating that the current price is in a strong bullish trend. Therefore, the focus should continue to be on long positions.
However, the current decline of the US dollar is about to form a triple bottom support, and gold may experience a correction. This is not bad news, because the recent rebound of gold has been too fast. If it can adjust and then gather momentum for an upward surge, it would be a healthier and more optimistic trend. The overall upward trend remains unchanged, and I believe that breaking through 1900 is not far off.
Therefore, try to buy on dips. Specific trading space charts have already been drawn, and attention should be paid to support near 1845-1855 in the short term. The first resistance above is around 1880-1890.
More detailed strategies will be provided according to market fluctuations. Follow the homepage ↓ to get real-time information.
OANDA:XAUUSD TVC:GOLD COMEX:GC1! FXOPEN:XAUUSD
What is the golden stop-loss rule?
For trades such as stocks, futures, or forex, stop loss is a part of the trade, and it only works for investors if there is a stop loss in each transaction and it is adhered to. Today, I bring you a 3:1 gold stop loss rule, hoping to help with your investments.
Stop loss is a way to minimize losses in current market trades and is frequently mentioned. However, the essence of stop loss is not just setting a stop loss price. In particular, in markets such as forex and futures where long and short positions can be taken, too many stop losses will undoubtedly cause significant loss of capital. Market leaders use people's fear to cause repeated shocks, even unilateral rises or falls to trigger short-term traders' stop loss prices, and then quickly retract. The normal daily volatility of the stock market is also around 5%, so if your stop loss is set at 5%, won't it often be hit?
This requires attention to two issues: first, judging the trend of the market, whether it is a volatile market or a clear trend market; second, setting a reasonable stop loss position.
First of all, it's important to understand that the most notable characteristic of the trading market is volatility, and most of the time it's in a volatile trend, regardless of whether it's in a larger time frame or a shorter time frame. Therefore, the investment strategy for a volatile market should be the preferred strategy for short-term traders.
Secondly, identifying the range of volatility is crucial. Find the highest and lowest prices in recent price fluctuations. After a sharp rise or fall in the market, a corrective wave will form between these highest and lowest prices, sometimes lasting a long time. For example, commonly seen patterns such as triangle consolidation or box consolidation require a longer period of time before forming a new breakthrough. As for what prices to choose as the range, it depends on your trading period, whether it's daily, weekly, 60-minute, or even minute-by-minute. By using price analysis to determine the operational cycle, you will find a clear pattern of fluctuation range. The stop-loss price for such fluctuations should be set outside the highest or lowest points, and smaller stop-loss or trailing stop-loss should not be used.
When the price breaks through the highest point, it is necessary to observe its sustainability. In most cases, it will return to the range-bound area again. However, if the sustainability is strong, it continuously sets new highs, and trading volume continues to increase, a new trend can be determined, and the stop-loss can be changed to a trailing stop. Its price should be set at a price that falls more than one time period beyond the highest or lowest price, and there is no new high or low in three consecutive time periods. At this time, it can be judged that the trend has stopped and entered a range-bound market. For example, if the time period is a 5-minute candlestick chart, then the trailing stop should be set at a price formed by a relatively large 5-minute candlestick chart. But generally, it should not exceed two candlestick chart prices, because beyond this price, the profit left is often very small.
The 3:1 golden stop-loss rule in trading skills means that the profit of the take-profit point is three times the loss of the stop-loss point. For example, if you buy a stock and it falls by 7% or 8%, you should close your position in a timely manner. When your stock rises by 20% to 25%, you should consider selling some of it, and not be greedy and wait for it to rise further. Of course, the percentage values here can be changed according to the market situation, but the ratio should always be maintained at 3:1.
Some investors may have doubts, what if I set a stop loss at 8% and then the stock rises significantly, even by more than 50%, after I sell it? It seems like a big mistake to sell it, and many investors may no longer believe in the 3:1 rule. Actually, the reason why we set a stop loss at 8% is to prevent it from falling by 10%, 20%, 25%, 40% or even more. You can think of it as a small insurance premium to ensure that an 8% loss doesn't turn into a 60% loss. Isn't it easier to handle that way? For most investors, an 8% loss is manageable, but a 60% loss is a burden that many cannot afford.
In the market, human weaknesses will be reflected. When you hold a stock that falls, you will lose some capital, and you will fear that it will continue to fall, rather than hoping it will rebound to make up for previous losses. As a defensive measure, trading systems should still follow the 3:1 rule for stop losses. Finally, I wish everyone a happy investment journey.
The bottom of gold is established, step back and wait for the op
In many cases, when we encounter failures, it is because we lack that little bit of persistence, a little bit of indomitable perseverance. It is clear that the dawn of success is in front of us, but we don't have the confidence and perseverance to persevere. As a result, all the hardships and hardships we have suffered before are in vain.
Gold continued Friday's rapid rise, and the short-term pressure and shocks hit the sideways market in the short-term. Friday's breakout has opened up space above, so we follow the market and remain low and bullish during the day. For gold operation, it is recommended to buy at 1848, risk control at 1844, and target 1860~1864.
Gold is bullish for several reasons:
1. Gold breaking through the previous high means that the bullish trend is not over yet, and there is still room above the daily closing.
2. The intraday pressure is 1864~1873, and the support is 1848~1844.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
keeping up is counting moneySuccess will not come to your door automatically, and happiness will not come to a person automatically. All the good things in this world need to be actively fought for. As long as you are sure of your abilities, why not recommend yourself?
$$$$$$$$$$$$$$$
Today's strategy is to hold onto 1830 and continue, choosing appropriate entry points for long positions. Due to variations in individual entry points, specific operations will differ accordingly. For any unclear areas, please follow the message board and targeted advice will be given. Sincere wishes for all to profit.
Technical Analysis:
With oscillating momentum, we wait for a breakthrough! Therefore, today's operations are relatively straightforward! If there is a small retracement above the support level of 1830 in the morning, we can directly enter a long position! Breaking yesterday's high point will further rise to the 1850 resistance zone, with the short-term resistance above still unable to break through despite repeated testing last week! This zone is still our short-term target for bullish long positions and a range of oscillating resistance that we need to pay attention to! Once broken, we can further rise to the 1880 line!
The market is constantly changing, so we must keep up with flexible judgment and respond in a timely manner. Keep sufficient patience in the elliptical oscillation zone.
Keeping up with the rhythm is counting money, look at the recent strategy and graphics, and you will know how accurate my prediction is!
Seize the opportunity and make money is as simple as that
Gold not looking bold US FED rate hike has hampered the status of Gold as a safe heaven for investors to fight against inflation. Major support for Gold is at 48963. Below 48963 Gold can loose it's glitter and un-shine to the levels of 47285 or even 45563. On the way up Gold will have to face resistance at 50175, 50301, 50572 and finally 51761.
GOLD Futures Positional Long Idea#GOLD Futures Postional Long Idea
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Gold MCX setupGold is trading near support zone from last 4 trading sessions.
Breaking any side out of this range will trigger fast movement.
48000 level is breakout level for this range. One day closing above 48000 will trigger buying,
Buy above 48150
Sl 47950
Target 1 - 48300, 48750
On the flip side 47500 is strong support and closing below this will trigger strong sell off and that will take gold to 46000 area.
Gold mcxGold has made cup pattern and now forming handle pattern,
along with trendline Breakout trying to retest support zones, one can go long at current levels or in dips if any, all the key levels are mentioned in chart with Stop-loss and targets.
Overall look
Zoomed View
Buying Zone Support Area
Key Levels
Macd in daily positive crossover and Uptick and also above zero line
Rsi in hourly near oversold trying to Uptick
Stochastic in hourly positive crossover
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing