XAUUSD: 5/8 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2470-84, support below 2410
Four-hour resistance 2470, support below 2410
Gold operation suggestions: Last Friday, gold prices accelerated to break through the 2477 mark under the influence of the positive nfp employment data, and then fell back into a shock consolidation, and then the second high of 2474 was hit and fell, and finally accelerated to fall down and break through the two integers of 2430 and 2420 to reach 2410, and then quickly rebounded and closed. The overall price once again showed a suppression pattern above the 2470 mark.
Judging from the current trend, today's Asian session opened and fell again. In the short term, the gold price will test the support strength of the 2410 mark, the low point of last Friday. The upper short-term pressure is around 2453-2458. If the intraday rebound relies on this position, you can go short first and then look for continued decline. If it stabilizes at the 2410 mark, you can go long. In the day, you can rely on the 2458-2410 range to sell high and buy low.
BUY:2410near SL:2407
SELL:2470near SL:2474
SELL:2445near SL:2450
Technical analysis only provides trading direction!
Goldminers
XAUUSD: Gold prices are bound to reboundLast week I said that the price of gold will continue to rise this week. After the opening, the price of gold rebounded to around 2460.
On Monday, the London market predicted that the price of gold would fall again. Then the short position made a profit again. At the same time, it was said that if the price of gold fell to a low level in the New York market, it could continue to be bought. Sure enough, the New York market continued to create new lows for the price of gold. And it reminded investors with large funds to continue to buy.
The price of gold finally stabilized at 2366 and rebounded sharply by 30+ US dollars.
Today's profit once again set a new intraday high.
If you are a buying investor. The current order is in a loss state. Don't panic.
Just follow my precise signals for precise trading. You don't need to have a good trading mentality. No matter how aggressive you are. Or you are a steady player.
Just strictly follow my precise instructions. You can simply expand profits or recover losses. TVC:GOLD FOREXCOM:XAUUSD OANDA:XAUUSD COMEX:GC1!
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
XAUUSD:2/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2470-84, support below 2446
Four-hour resistance 2470, support below 2446-34
Gold operation suggestions: Yesterday, the technical side of gold ushered in a roller coaster trend of long and short wide fluctuations in volatile trading, stabilized and rebounded near 2430, and the overall price formed a long and short wide fluctuation rhythm around the 2430 mark. The short-term bullish strong dividing line focuses on the 2430 line. The daily level stabilizes above this position and continues to maintain a strong bullish pattern.
From the current market trend, today's lower support focuses on 2430-35. Intraday retracements rely on this position to continue to be bullish. Short selling must set a stop loss to prevent unilateral rise.
SELL: 2446near SL: 2450
SELL: 2470near SL: 2474
BUY: 2430near SL: 2425
Technical analysis only provides trading direction!
Which way will gold trend before the release of non-farm payrollMarket analysis:
Yesterday, the gold market opened at 2448 in the morning, and then the market rose to a high of 2458.3, and then fell. The daily line reached a low of 2430.1, and then the market started to rise. The daily line reached a high of 2462. during the US trading period, and then the market fell back in the late trading. The daily line finally closed at 2446.3, and the daily line closed with a long-legged cross star pattern with equal upper and lower shadows. After this pattern ended, the daily line market was close to the upper Bollinger rail pressure, and whether it could go up further depends on the evening non-agricultural guidance. In terms of points, the long positions of 1996 and 2028 below, the stop loss is followed at 2250, and the long positions of 2434 and 2431 yesterday were reduced and the stop loss was followed at 2431.
With the upcoming release of non-agricultural data and the possibility of a full-scale conflict in the Middle East, and the corresponding explanation of the Fed Chairman on the September rate cut, I believe that everyone has a basic judgment on the trend of gold.
My personal analysis is that gold will reach a historical high
If you have other ideas about this point of view, please like it and write your ideas in the comment area
The end of the golden week line beware of malicious market washiYesterday Thursday, the first day of the August cycle, for yesterday, gold also ushered in a wave of V-shaped reversal, or more accurately, should be an M-shaped reversal. Within the day, gold from the opening fell back from 2444 near the bull outbreak 2458 line stop, then gold is also expected to usher in the shock down, but unfortunately, the lowest gold fell a wave of 2430 is to usher in a stop, did not meet my expectations of 2420, this, we did not participate in the layout of the single yesterday. And in the evening, the gold bull burst to break 2460, the highest to near 2462 to meet the stop, and for this wave, it is also scheduled to meet the peak low break 2440, in general, for yesterday, the market volatility is relatively large, but although the intra-day market volatility repeatedly washed short, but in the final analysis there is still no small profit, I think we're getting off to a good start in August. Of course, due to the influence of some mechanisms, I can not be as fully disclosed as in the past, but the operation is given one-on-one, this point, you can compare myself to the single case verification. So for yesterday, there are also many retail friends asked me about the recent trend of the market, in fact, recently, I have been emphasizing the layout of the medium and long term, although it is not clearly given in the real offer, but there are still many old students in the implementation of my program, which also relatively reflects my optimism about the short, this, relative to today's non-farm is also to give us the market reply, For that, you just have to wait for verification. So at the moment, other, Chen Feng I also do not say much, directly on today's market to express my personal views, you can read the following reference to understand. Of course, due to today's non-agricultural, market accidents are larger, all novice students try to stay on the sidelines, do not operate blindly.
-- Gold market review yesterday --
Yesterday Thursday morning, gold opened near 2448, the opening higher blocked near 2450 ushered in a halt to fall, gold is also ushered in a wave of lower near 2444, but unfortunately, bears did not usher in a further break down, but is the bull experienced a strong pull up the break to stabilize above 2450, Asian session, The highest is to rise to 2458 the first line to usher in a stop, and the fall is also relatively strong, short is directly broke 2450-2440, the lowest fell to 2437 the first line to usher in a stop, gold shock slow rise, near the eve of the European trading, the highest gold is also a rebound wave of 2448 the first line to usher in a stop. During the European trading session, gold once again opened the decline, gold is also a shock slow fall again broke 2440, the bear continued to force the lowest fall to around 2430 to usher in a recovery near 2445. The United States session, unemployment benefits announced more gold, gold is therefore ushered in a bull break 2450-2460, the highest to 2462 near to usher in a stop fall, and fall back fierce, bears directly broke down near 2443 to stop recovery, and recovery is only a wave of 2451 after the start of the decline again broke 2440. At midnight, the lowest fell to around 2335 before it was stopped, and then gold rebounded near 2440 to fall back, and bears further fell a wave of 2434 before they were stopped, and then long and short shocks returned to 2440 until the close of the market, and finally gold closed above 2440.
-- The end of the golden week line beware of malicious market washing? Will the non-farm attack help the bears return? -
Yesterday Thursday, for yesterday, the gold day deep 2460-2430 range wide volatility, intraday volatility, this, presumably the market retail investors this is also devastated, in fact, do not blame you, after all, for the current market, itself is in a state of not calm, take yesterday higher, Gold rose to break the day to stabilize at 2450, especially after the Fed's strong doves have this performance, the market is also betting on bulls to break a new high to hit the 2500 mark, the market bullish heat is also further rising, and any pullback process is attracting the influx of market retail investors. But it happened that gold stopped at 2458 and ushered in a crash of 2430, which, in the words of the previous TV: behind all this is the moral bankruptcy, or the distortion of human nature. To describe, after all, in terms of the current market situation, the outbreak of geopolitical risk, interest rate cuts are almost nailed, coupled with the heat of market buying, in fact, bulls have further climbing momentum, but gold has fallen, even if it fell, the market has begun to change that it may be a peak fall, but it is, Gold and stopped at 2430 ushered in a long counter-break 2460, and after breaking 2460, ushered in a rapid reversal of the plunge back below 2440, which repeated several waves of baptism, as far as I know, retail heart is undoubtedly near collapse.
However, the current market itself is like this, especially the gold market in recent years have been crazy speculation, market investors crazy influx, no matter what kind of gold investment, even if it is physical gold, are sought after by the world, including many from other investment tracks to the gold market, for this point, you want to harvest the profits of the market, Well, don't blame the agency for wanting to harvest your leeks. It is the so-called no profit can not be early, especially when you all know that the market has to experience so many unexpected information erupted this week, but also choose to chase the rise and fall, it means that you are already carrying risks in making choices, so in the final analysis, this is no wonder that the market, is completely blinded by the surface of the market, there is a good saying, "for the good are often blessed," There are risks in everything, and you often only know to pursue profits and ignore risks, so don't blame reality for giving you a hard lesson. There is also an idiom, called "do what you can", are adults, all know that there is no things in the world without effort, even if you want to solve the daily food and clothing need to rely on work and hard to fight, let alone this kind of investment can achieve wealth freedom, to say the word is not good, how can you think that you can earn money in the market? Workplace competition needs to rely on ability and resources, not to mention the market, this, but also hope that you can have self-knowledge. Of course, I am not saying that there is absolutely no money to be made, for this point, professional people have to hand over professional things, you do not have the ability, but you can ask competent people, it is not embarrassing? If someone teaches you, the person who teaches you is still very professional, but you are still not stable, then you should reflect on yourself, this, you reflect carefully.
So without further ado, let's get back to business. So for today, the non-farm employment data report will break out, at the same time, the unemployment rate data will be released, for this point, you may just know that this kind of data has a great impact, but the specific impact, you estimate is still unclear, this point, I will focus on today's data to talk about the impact of such information on the market. So for now, the release of such data will certainly have an absolute impact on the Fed's rate cut. For the current information revealed by the Federal Reserve, the current inflation return to 2% standard is no longer the Fed's interest rate reduction target, along with the easing of inflation and the recovery after the global economic virus, the market is also gradually returning to the normal, then in this case, if not for the excessive implementation of economic rescue before the United States, in fact, the US economy has long affected the return to balance. Nor is it safe to say that interest rate cuts have not been on the agenda until now. At present, the Federal Reserve has also made it clear that the implementation of radical interest rate cuts in the context of high inflation mainly requires a slowdown in the U.S. labor market and a rise in the unemployment rate. As for the relationship between the two, you have a good understanding, that is, the labor market is too strong, which means the growth of economic jobs, under what circumstances will this happen? That's only true if the economy is booming, and when the economy is booming, that means a series of increases in wages and so on, and that's coupled with higher inflation, because everybody's working, everybody's making money, and then consumption is going to increase, because everybody's making money, and that creates a chain reaction, and I don't have to go into the details of that as you can imagine, In this case, only fundamental relief can be achieved, and the fundamental problem is labor, which is why the Federal Reserve is currently so focused on non-farm.
So for today's non-farm, how should we judge the data? First of all, for the current US non-agricultural data, the pre-data value was 206,000 new population, while the market expected value is 175,000 new population, from the obvious point of view, the market is that the US labor market has slowed down, and Wednesday ADP employment data showed that the market expected value of 150,000 new employment, the actual employment of only 122,000 new people. From this point of view, the current employment performance of the United States is a little sluggish, but it is worth mentioning that on Tuesday, the employment of the United States showed that the current job growth is higher than the market expectations, which is a bit of conflict with the labor market, if there are not enough jobs, it is not enough, but the current situation of sufficient jobs in the United States, this is also expanding the growth of labor employment in the United States. Although the unemployment benefits data show that the unemployment rate in the United States is relatively high, the unemployment rate is the unemployment rate, some people start and some people leave, which is quite normal, which is not enough to limit the employment of the United States, of course, unless, as previously reported, the United States has plenty of jobs, but it is not hiring, thus limiting job growth, otherwise, The employment expectation of the labor force of 175,000 people is relatively low, that is to say, from the actual situation, it is reasonable to assume that the non-agricultural value is likely to be higher than the market expectation, which reflects the negative gold and positive dollar. But if the United States in order to implement interest rate cuts to restrict the recruitment of enterprises to achieve control, then the release of good gold negative dollar is also possible, so this point, for tonight's non-farm data report, in fact, it is not good to make absolute judgment, of course, I personally expect to increase, this, depending on the actual release of the data. As for the unemployment rate data, this, the impact is not big, after all, from the performance of unemployment benefits data can be predicted, the unemployment rate data is either unchanged in line with market expectations, or higher than market expectations of gold, this is relatively easy to judge, the possibility of explosion is very small, this, you are a little guard against it.
So a final word on the impact on gold after the non-farm data. First of all, if the non-agricultural employment data and unemployment rate data are released in both directions to benefit gold and the dollar, it means that the possibility of the Federal Reserve cutting interest rates in September is further improved, which is relatively conducive to gold, but it is worth mentioning that at present, there is still a long time to go before the September rate cut, in this case, even if the market wants to stir expectations, It is not so much as to say that there is no brain to push up the gold price in this month-long period, on the contrary, I think that in the case of the positive data triggered by the market retail investors will encounter buying and fleeing, and institutions will implement hedging bets to harvest market buying, so for today, I do not think that gold bulls can break out. On the contrary, if today's non-agricultural employment data and unemployment rate data are both bearish for gold, it is a bit uncomplicated, after all, the Federal Reserve wants to aggressively cut interest rates before inflation returns to the 2% standard, which needs the support of the US economic slowdown, and once the job market is strong and the unemployment rate is reduced, it directly limits the space for radical interest rate cuts by the Federal Reserve. In addition, considering the unknown impact of the US election, the short-term Federal Reserve may give up the possibility of interest rate cuts, once so, then the market buying and early market bets on interest rate cuts will flee, resulting in long and short trading imbalances, in this case, such a large-scale withdrawal, even institutional hedging is difficult to do, in this case, Gold bears or will usher in an unexpected crash, you know, the one-day unilateral decline of gold over 100 points of the market is not without, this, you need to be careful to guard against it. Of course, I am just exaggerating the narrative, does not mean that the market will be absolute, after all, do not rule out the non-farm employment data negative, and the unemployment rate data to form a hedge situation, but no matter what happens, I do not think that gold can further break new highs, and even if it breaks new highs, I also do not think that gold will further break to stabilize at 2500, after all, I said above, there is still a lot of time from the interest rate cut landing, this opportunity does not rule out the possibility of any surprises, this point, for today, I personally recommend that you around the rebound is better.
So for today's operation, I personally recommend that you go short, of course, yesterday 2460 has a long term short can hold and wait. Then the short position, first of all, because there is a major data outbreak this evening, in this regard, the white market is expected to fluctuate without accident will be relatively calm, unless it is said that the market malicious smash disk washing disk, otherwise, the probability of gold will continue to see in the 2460-2430 area, of course, more accurate, I think 2450 will be blocked, Compared with yesterday's gold flash collapse strength, in this case, 2450 even if it is difficult to get a further climb, this point, for today's short position, I personally think that the white plate in the vicinity of 2450-2453 can not break the layout. Of course, if you really want to encounter the unexpected rise of bulls, 2460-2467-2470 is still the position of the top, and excessive breaking is concerned about 2480-2486 can not break short. However, no matter how the bulls break out, you also need to hang reverse short orders for defense, after all, I said that gold may suffer a crash at any time, this, you remember to pay attention. So for doing more, I do not recommend that you layout, if lucky to be able to lower 2430-2420, you can try to participate in the short term, but note that you can in batches below 2420-2400 hang a good break empty single defense, after all, once the crash, 2400 absolutely can not hold, You can also take a look at 2380-2360 support. Of course, the analysis is only analysis, the specific operational ideas, you also need to adapt to the line. As for the specific operational details, I will also make a solid offer to give, you will strictly follow my requirements to control the position and stop loss basis.
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!
#XAUUSD60 Gold breakout, a new peak emerging?Assessment of the European - American session trend on August 2, 2024:
In the Asian session, there was a double peak sweep in gold, affecting our trading plan significantly.
The trading trend in the European-American session is still BUY. Today is the 6th day of the W candlestick pattern, with many news events strongly impacting the market.
There are two possible scenarios:
1. Gold will have a slight correction from 2468 to the range of 2453-2458 before continuing to rise strongly.
2. Gold may experience another double peak sweep to fill the liquidity area of 2410-2413 due to news events and then rise strongly again.
Gold may reach 2484 or form a new peak, which is entirely possible. However, price levels to watch are 2420-2413 and 2453-2458.
Recommended orders:
Plan 1: BUY XAUUSD zone 2453-2455
SL 2449
TP 2458 - 2468 - 2495.
Plan 2: BUY XAUUSD zone 2410-2413
SL 2407
TP 2416 - 2430 - 2473 - floating.
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
The price of gold is about to continue to fall sharply.
Go short at positions around 2369. The decline is about 10-15 US dollars.
I am EDDY. Senior Financial Analysis Consultant.
I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my updates.
TVC:GOLD OANDA:XAUUSD BINANCE:BTCUSDT TVC:DXY
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.
Gold next week trading signal analysisAt the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also did recover the early losses and further profits, to the single, this month, profit and loss, the current statistics there are nearly 100 points of profit, The specific profit this month is about 98 points, this point, you can compare and verify yourself, in short, the list is one to one, this point, you can judge yourself. Of course, due to the actual and operational process will inevitably have a little accident, so the specific profit and loss, you also need to compare according to their actual situation, in short, as long as there is no accident, such as the market malicious washing and Chen Feng my state of instability, otherwise the cycle is just the number of profits, this, thank you for your persistence. So now, July is coming to an end, other, I am not greedy, there is a good ending on the line, then at the moment, other, I do not say much, directly to next week's market analysis, you can read the following reference to understand.
-- Gold Friday market review --
Friday morning, gold opened in the 2364 line, the opening that fell into the 2364-2361 range of oscillations saw, but the good times did not last long, early in the morning, gold suffered a wave of crashing disc flash collapse in 2355, and then blocked to usher in a bull counterattack, gold is therefore a break of 2360-2370, the highest to 2379 line to usher in a stop back down, Long and short in the 2378-2370 range after a sawing encounter under 2370, but the bears did not usher in a further outbreak, but on the eve of the European trading stopped at 2368 ushered in a rebound 2375 line. During the European session, gold first went down a wave near 2365, and then stopped to usher in a slow rise in shock, gold is also slowly going up a wave near 2375 ushered in a stop shock, overall, during the European session, gold is deep in the 2375-2370 range. And the United States trading period, PCE data released bearish, but unexpectedly, gold did not usher in a sharp fall, but was blocked by 2371 ushered in a bull outbreak, gold is therefore broken 2380, the highest to near 2391 to usher in a halt, then fell back 2379 blocked into a wide range of volatility, long and short in 2390-2380 repeatedly saw, It closed at around 2,387.
- Is gold hitting a stage bottom? Super week attack, gold long short how to choose? -
At the end of the week, for this week, gold is also relatively ushered in a large fluctuation, at the beginning of the week, gold shock from 2400 above ushered in a short outbreak of 2383 stop rebound, gold on the eve of the outbreak of GDP data, the highest is also a rebound of 2431 line, then for this point, I also mentioned in the blog earlier, In the case of gold sticking to the see-saw near 2400, there must be a rebound near 2420, more likely to break 2420 and usher in a reversal plunge, then in fact, the market is also fluctuating as I analyze, after all, as of Thursday, GDP and unemployment benefits and PCE data are all as bearish as I analyze. Gold is also expected to usher in lower 2360, and for this I also said, gold is expected to usher in a stage bottoming out in the 2360-2350 region, and gold is also in the 2353 ushered in a recovery, just said Friday Chen Feng I expect PCE more help gold bulls counterattack 2400-2420, in fact, The highest also rose to around 2391, which is still a little gap with my analysis, but in general, PCE explosion and negative rise this is a fact, this, you can read my recent analysis blog to verify.
So what about next week's gold bulls and bears? In fact, for this point, I don't need to say that you all know that next week's market is not simple, after all, for next week, the Federal Reserve interest rate resolution and Powell's speech came, coupled with the multiple outbreaks of ADP, PMI, unemployment benefits, non-agricultural, unemployment rate and other data, in terms of this market, I think it is limited ability to make a clear prediction and control. In fact, I can't blame me, after all, the current gold market, institutional control of the influence is too big, the influence of the data is limited, moreover, in the near future, the surprise of the data is also slightly increased, take Thursday, PCE data range is so lower than the previous value of the case, Friday's PCE annual data is actually synchronized with the previous value, in terms of this possibility, Minimal probability can appear, which also reflects the current market is not calm, especially at present, the market expects the possibility of the Federal Reserve rate cut in September is a certainty, and then refer to the current inflation slowdown and the Federal Reserve officials said that the need to cut interest rates in advance of the speech, maybe this week will usher in the rate cut landing is not necessarily, so in this case, you also need to be cautious. Of course, for next week, if the data is positive, Powell does not rule out the possibility of further eagles to fight interest rate cuts, this point, you must not blindly bet on the short.
So for next week, at the beginning of the week, we must still look at a wave of rebound, after all, gold on Friday since the 2355 stop to rebound, this wave, gold is also facing a stage of bottoming out, after all, in any case, in the case of excessive interest rate cut expectations, gold since 2483 high 2353, Bears have ushered in a fall of 130 points, in the short term, gold also has a certain rebound demand, coupled with the current interest rate minutes and Powell's speech in the case, gold will have a high probability of buying expectations to pull up, that is, before Thursday, gold will have a high probability of further impact 2420-2430-2450, of course, Do not be too happy too soon, after all, for Powell's speech, his remarks are often disappointing, once Powell unexpectedly put eagle in this speech, coupled with the strong non-agricultural employment performance, that gold may also usher in the possibility of further collapse, for next week, the focus is to pay attention to the market news situation and then choose the future market, All in all, next week, the market will inevitably have malicious control of the situation, you must remember to pay attention to the control of risk.
So for next week, Monday, it is expected that gold will not have any big high and low open possibility, in this regard, for Monday, you can focus on a wave of 2390 can be successfully broken, of course, if 2385-2380 does not break, you can also directly see more than 2400 mark gains and losses, such as successfully broken 2400, Then do more directly on the trend to see 2420-2430. Of course, if you break 2380, you can also wait for 2373-2370 not to break again. All in all, for next week, try to keep back to the long to layout, short cautious. As for the specific analysis and operation details, I will make an update on Monday, please remember to strictly follow my requirements to control the position and stop loss basis.
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:18/7 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2452-40
Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2452near SL:2447
BUY:2440near SL:2435
Technical analysis only provides trading direction!
Long gold price
The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long.
Focus on the impact after the opening of the Asian market.
TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1!
Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
Go long on gold prices. Wait for it to rise.
Yesterday, the high price was sold and the price dropped by about 12 dollars. The members who followed the short selling made a good profit.
Today, we will continue to go long on gold. The current price is around 2369. Trading in the market requires seizing the opportunity. Don't hesitate. When there is a suitable trading opportunity, you must act decisively to trade. Otherwise, your hesitation will lead to greater and greater losses, which will be irreversible.
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TVC:GOLD MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COINBASE:BTCUSD NYMEX:WTI1! MCX:CRUDEOIL1! TVC:DXY FX:GBPUSD BINANCE:BTCUSDT NYMEX:MCL1! COMEX_MINI:MGC1!
XAUUSD:17/7 Today's Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2400
Four-hour resistance 2500, support below 2466-40
Gold operation suggestions: Yesterday, gold technically relied on the support of 2420 and accelerated to break through the previous high of 2450. The overall technical aspect continued the extremely strong unilateral upward trend of the bulls.
From the 4-hour analysis, today's lower support continues to focus on the hourly top and bottom conversion position of 2450. The intraday retracement relies on this position to continue to be bullish. The upper target still focuses on the historical high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious.
BUY:2466near SL:2461
BUY:2440near SL:2435
Technical analysis only provides trading direction!
Gold will be bought again to make money. Remember, I said it.
From the trend point of view, the gold price is still upward. Since last Wednesday, ADP, initial jobless claims, and non-farm data. Multiple US economic data news are good for gold. So gold rose sharply last week to above 2390. Here I congratulate the traders who follow the signal and continue to trade. Because you follow it. So you deserve to make a profit.
Judging from the news this week, gold has further possibilities. This week is the second week of July, so before the time for the interest rate cut in September comes, I think the market will prompt gold to digest it in advance. This is the first reason. The second point is that geopolitical conflicts continue to escalate. The possibility of war will continue to increase the price of gold.
Under the influence of these two news, it is only a matter of time for gold to rise. The operation is still mainly buying low.
At present, the focus is on buying at 2372. Aggressive friends can also buy small positions around 2377-2375. Enter the market in advance.
Many people like to refer to technical indicators, so I have something to say to those people: in the face of the influence of dominant news. Technical indicators, which are lagging references, are of little significance.
Keep paying attention. I hope everyone makes a good profit.