GOLD - Potential sell !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB around 2600.
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Goldminers
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XAUUSD: 11/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2761, support 2638
Four-hour resistance 2678, support 2638
Gold operation suggestions: Last Friday, the overall gold price fell sharply from a high level. Today, Monday, the short position continued from last Friday, and the trend is still mainly short selling.
Judging from the current market trend, we still need to continue to be bearish on the market this week. Pay attention to the short-term 2668 line pressure on the upper side. The key pressure point on the upper side is maintained at 2675~2680, which is also the dividing line between long and short this week. The key support below is maintained near 2638. Once it continues to break down, it is very likely to start a large downward trend. The operation is still treated as rebound short selling, and wait patiently for key points to enter the market.
SELL:2668near
SELL:2638near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis
Daily resistance 2761, support below 2600
Four-hour resistance 2720, support below 2678
Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday.
From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying.
BUY:2778near SL:2774
SELL:2720near SL:2725
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Resistance 2720. Support 2692. Today's market analysisGold attacked 2710 and stood on the 2700 mark again. The adjustment range is very large. The market fluctuated greatly recently, fluctuating back and forth by 70~100$, so don't chase the rise or follow the short. Pay attention to the continued high action at the end of the week. Go long first and then go short when the correction is made!
The Federal Reserve's interest rate decision for gold was cut as expected, and the expectation of interest rate cut was realized. Gold is now encountering resistance and fluctuating. Today, it is mainly high and low. After the strong rebound of gold yesterday, the short trend of gold has temporarily come to an end, but the market may not reverse. It is likely to start a volatile market again.
The 1-hour moving average of gold has not turned around yet, and gold may not start to reverse for the time being. Gold seems to rebound strongly, but gold has repeatedly fallen under pressure above 2720. It continues to go short at highs below 2720 in the Asian session. Gold 2720 can be shorted first.
First support: 2692, second support: 2687, third support: 2672
First resistance: 2720, second resistance: 2736, third resistance: 2750
Trading strategy:
Trading based on resistance and support, BUY: 2691-2693. SELL: 2720-2722
Gold Rebounds to $2700! Post-Trump Rally Shows Signs of PullbackFollowing Trump’s election-driven downturn, gold prices have fully rebounded, climbing back to the $2700 mark. However, after this sharp rise, signs of a potential pullback are becoming apparent. I believe gold is nearing a short-term peak, making this an opportune moment to start selling and capture possible downside moves to lock in profits during the adjustment. Keep an eye on the market and stay flexible to manage the upcoming volatility.
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666.
Technical analysis:
Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line.
At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend.
BUY:2660
First target 2680
Second target 2700
Third target 2720
Analyzing the Factors Behind the Recent Gold Price Decline
A Post-Election Dip
Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment.
Why Did Gold Fall?
1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal.
2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities.
3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets.
Is More Downside Ahead for Gold?
While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory:
1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal.
2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold.
3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices.
Technical Analysis
From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly.
Investor Strategies
Given the current market conditions, investors may consider the following strategies:
1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility.
2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation.
3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs.
4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk.
In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
11.6 Gold price plunged sidewaysAfter the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to rise sharply, and the non-US has already reacted very clearly, and the gold price is following closely. The 2745 dry short price has fallen to 2731 in the morning. Repeatedly go up to 2749 and do short again! At present, 2750 is the second highest point of the gold price. Wait patiently for the large short volume! This sideways trading is to accumulate power for diving!
Intraday strategy:
SELL: 2745 2750 Target: 30------20
BUY: 2700 2705 Target: 35-----40
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing.
2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking).
3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more!
The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
Bearish trend, sell on highsGold surged and fell on Friday. From the chart, the price fell sharply on Thursday. The price fell below the upper line and the acceleration line. There was a short-term signal of turning short. The auxiliary indicator MACD formed a dead cross at a high level. It is currently suppressed by the moving average. 2750 can be shorted under pressure!
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
11.4 Where will the gold trend go?Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen.
BUY: 2720 Target: 2740------50
SELL: 2755 Target: 2730------20
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
11.1 Gold shock awaits non-agricultureJudging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data.
1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen much.
We have been emphasizing this point of view to everyone recently: Don't buy more twice when gold retreats in the US market. After the increase is too large, it is easy to fall by a large margin. Double bottoms, 618, and other positions are not caught, and there is no rebound.
But compared with yesterday's empty, it is the rhythm. Continuous failures and no operating mentality are easy to form. If you can't get started when you see it right, and you can't hold back and get started, it's wrong.
2. The morning is still a cyclical rise.
Intraday analysis:
1. A sharp drop in the rise, the first day is still a bull correction, which has been seen countless times before.
2. The continuous sharp drop breaks the bottom, which changes the short-term bull direction.
3. There will be non-agricultural data tonight. Before the non-agricultural data, the overall market should not change much.
4. If the bearish outlook continues, the rebound in the morning is focused on the European session. If the European session continues to rebound, the US session will inevitably fluctuate. If the market is weak, the European session will retreat first.
At present, it is obviously the top of the hourly big Yin line at 2757, because this position breaks the position of the decline and rebound at 382. And there is no high point of correction in the early morning, so it can only be arranged at the top of the big Yin line.
At the same time, the non-agricultural data is divided into two parts:
1. Look at the second retracement before the non-agricultural data.
2. Whether the non-agricultural data can continue the decline of yesterday depends on the data. Last month, it was 254,000, and this time it is expected to be only 11.3. Whether it is from the initial claims or from ADP, it is impossible to be lower than 11.3. It can only be high. How high it is depends on the data performance.
Therefore, the worst non-agricultural data is also bad for gold. It just depends on how bad it is. For example, ADP rebounds first and then falls, or it retreats directly.
As long as the data is higher than 150,000, the pullback is also empty, but no matter what, the European session is very critical. The European session continues to rebound and is strong. The US session fluctuates, but the European session is weak, and the probability of breaking the bottom is high.
Is now the best time to short gold prices?I don't think so. I believe you have read the article I posted yesterday. If not, read it again.
Is the accuracy of the fast trading strategy amazing? Indeed. This is the strength of the fast trading strategy analysis team.
At present, the values mentioned yesterday have been fully achieved today. Today, I led all members to go long on gold prices again to expand profits. There are about 9 profitable orders. You can refer to the fast trading strategy grouping
Tomorrow's trading direction: Check above to see if the position of 2786 can be successfully broken through. If not, you can refer to the opportunity to sell above 2786 and buy near 2770 tomorrow. If it breaks through, then 2800 points is not far away. At present, there is no major news to promote it. Focus on the initial jobless claims data on Thursday night and the release of non-farm data on Friday. This week's time is also very tight. After all, good trading opportunities want to expand profits. Members of the fast trading team are no exception. So I am also busy.
Market analysis for three days this week. The accuracy of the signals is obvious to all. Trading is actually very simple. As long as there is trading funds in the account, everyone can leave me a message. Everyone has equal opportunities. No one wants to be a person who keeps losing money! Everyone agrees, right?
There are only two trading opportunities left this week, and the trading space is still very large. The proportion of making money. The probability of making 70% profit on 100k is more than 95%. The probability of making 100% profit is more than 85%. The above are all cumulative data. People who continue to pay attention know this.
Regarding trading, this is all I will notify you today. If you have any questions, you can leave me a message at any time. I will reply and solve them in time when I see them.
10.31 gold box vibration???Gold is mainly affected by the following three aspects:
1: The October US non-farm payrolls data will be announced at 20:30 on Friday. The US September ADP employment data released on Wednesday increased significantly beyond expectations. Next tonight, the US September PCE price index and the number of initial jobless claims for the week will be released.
2: The US presidential election next Tuesday (November 5th), there are less than 4 trading days left. Who will eventually enter the White House in the battle between the Donkey and the Elephant parties? Especially on November 5th, the day of the election, the gold market will definitely fluctuate violently!
3: Geopolitical risk events, North Korea tested an intercontinental ballistic missile around 7:10 this morning, and Iran will say that it will retaliate against Israel before November 5th. With the reshaping of the world pattern, the geopolitical risks in the Middle East are spreading to the world.
As the price of gold approaches $2,800, bulls and bears diverge again. The last time gold approached $2,700, it adjusted around $2,685, which ultimately did not affect the upward trend. It just threw the bulls off the train during the adjustment, which also hit the bulls' morale for short-term operations.
This time, when it approached $2,800, the bulls paused. On Wednesday, the market repeatedly washed between 2,790 and 2,770. In addition, the heavy pound data will be released today, tomorrow and next week. The suspense will naturally be left to the non-agricultural data today and tomorrow night.
1 hour, it quickly fell back to the 2,770 point where it started to rise in the morning, forming a high-level box shock. At present, the gold price has not stabilized at 2,790. Don't rush to chase more, but pay attention to the direction of the 2,790-70 box range breakthrough, and try to avoid chasing the edge position within the box.
ADP data is coming soon! Gold shortThe market performance on Wednesday (October 30) continued the recent strong upward momentum. The price of gold hit $2,789.83/ounce in early trading, setting a new record high and rising sharply by more than $15. With the ongoing conflicts in the Middle East and the intensification of geopolitical risks, gold has once again become a safe haven choice for investors.
Technical analysis
After breaking through the resistance area of 2,780-2,785 US dollars/ounce, the price of gold became an offensive signal for bulls. The price of gold may further push towards the $2,800/ounce mark. At present, any meaningful correction is expected to find good support around $2,750/ounce. If there is a subsequent sell-off in the price of gold, it may push the price of gold to the support level of $2,732-2,730/ounce, or even further down to the $2,715/ounce area.
Today's focus data:
US unemployment rate in October
US non-farm payrolls in October (10,000 people)
Today's expected trend of gold prices can focus on the fluctuations between the support level of $2,765.00/ounce and the resistance level of $2,800.00/ounce. Under the current market sentiment and technical conditions, gold is still a worthy investment option.
10.30Gold accelerates to the top, 2780 watershedThe gold market rose strongly yesterday. It opened at 2742.3 in the morning and then fell back to 2739.5. After that, it rose strongly. After reaching the previous historical high of 2758, the market was under pressure and consolidated to 2745.8. After that, the market rose strongly in the US market due to fundamental stimulus. After breaking the previous historical high, it reached the highest point of 2774.9 and then consolidated. The daily line finally closed at 2774.5. After that, the market ended with a saturated large The market closed with a positive line, and after this pattern ends, today's market has the technical need to impact the 2805 pressure. In terms of points, the longs at 1996 and 2028 below have stop losses followed up at 2600. After the long positions at 2722 were reduced last Friday, the stop loss followed up at 2735. Today's market is 2762 longs and 2759 longs are conservative with stop losses at 2755. The target is 2775. If it breaks through, the target of this round of impact will be at the 2800-2805 pressure.
Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit.
Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow.
It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.
Perfectly achieved goal 2757The market is crazy.
After buying gold at 2741 price. Had a good nap. Hit the target directly.
I think there is nothing more pleasant than this. Is it because yesterday's market fluctuations were too stable, so today I was given a small surprise in advance?
I believe many people have seen the quick trading strategy I posted and bought it. That is worth toasting.
This is the fast trading strategy.It is a beacon on the road.It guides you in the direction and allows you to see the road clearly in the dark night.
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Gold short-term day trading plan.From the trend point of view. Compared with long and short positions, the bulls are still slightly stronger. So the operation is still mainly based on low buying.
The intraday trend maintains high fluctuations. The amplitude is about 15 US dollars. But it finally returned to the high level in the New York market, which is enough to prove the strength of the bulls.
At present, the gold price is maintained at the 2741 line. The analyst of the fast trading team said that in the short term, it can be maintained at a low buy below the price of 2735. Whether the pressure of the upper 2760 line can be broken. If it breaks through, continue to go long. If the pressure is very high. Then short selling at high levels can be maintained in the short term. Short selling at a high level. (This view is for reference only) Specific transactions are mainly based on real-time notifications.
There was no loss in trading failures on Monday. Others look at the record by the winning rate. I only measure the record by the losing record.
The fast trading strategy is tailored for: novices. Trading losses, those who want to expand profits but do not expand profits, and those who are unclear about the direction and do not know how to analyze the market. If you are also. Then you can try to change your trading style with fast trading strategies and get rid of those hateful labels. OANDA:XAUUSD CAPITALCOM:GOLD BITSTAMP:BTCUSD NYMEX:MCL1! BINANCE:BTCUSDT