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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!
OANDA:XAUUSDLong
by ActuaryJ
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.
TVC:GOLDLong
by NelsonPenn
XAUUSD: 11/7 Today's market analysis. Waiting for CPI to be releTechnical analysis of gold Daily resistance 2400, support 2370-50 Four-hour resistance 2384, support 2370-61-50 From the analysis of the 4-hour line, pay attention to the resistance of 2384 on the top and the support of 2361 on the bottom. Sell high and buy low in this range before the CPI data comes out. After the CPI news is released, the technical analysis may become invalid, please refer to it with caution Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 9/7 Analysis and Strategy Gold technical analysis Daily resistance 2370-2400, support below 2350 Four-hour resistance 2370, support below 2361-50 Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell down in the shock and closed at the bottom. The overall price did not continue the bullish strength after the sharp rise last Friday, but swallowed up the gains on Friday, and the overall price returned to the wide range of long and short shocks. From the 4-hour gold trend, today's support is 2350-52, and the upper short-term resistance is around 2366-70. The intraday rebound relies on this position to short first and look down (the morning strategy successfully TP, profit 80pips), and the lower target continues to focus on breaking the bottom. The short-term long-short strong shock dividing line focuses on the 2380 mark. Before the daily level breaks through and stands on this position, continue to maintain the rhythm of long-short wide shock operation, and wait patiently for key points to enter the market. SELL:2370near SELL:2361near SELL:2350near Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
1
XAUUSD:10/7 Today’s Analysis and Strategy/Signal UpdatesGold technical analysis Daily resistance 2375-2400, support below 2350 Four-hour resistance 2375, support below 2361-50 Gold operation suggestions: Yesterday, the overall technical side of gold fluctuated around the 2350-2375 area. The price of the Asian and European sessions rebounded slightly and fell back under pressure at the 2368 mark. The US session accelerated to break through the 2371 line and fell again under pressure. Finally, it quickly stepped down and broke through the 2350 mark, then stabilized and began to rebound. The daily chart rose slightly. The overall price showed a wide range of long and short fluctuations above the 2350 mark. In the short term, the gold price is likely to continue to alternate between long and short. From the 4-hour gold trend, today's lower support continues to focus on yesterday's low of 2350, and the upper pressure focuses on 2370-2375. Sell high and buy low during the day, and wait for the range to break before following the transaction. SELL: 2375 near SL: 2380 BUY: 2370 near SL: 2365 BUY: 2350 near SL: 2345 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Analysis of gold price trend on WednesdayGold fluctuated in a narrow range in the Asian market on Wednesday, currently around 2367. Gold prices rose slightly on Tuesday. Despite the strengthening of the US dollar and rising US bond yields, Federal Reserve Chairman Powell said in a speech to Congress that the US "economy is no longer overheated", "warming up" for the September rate cut, providing support for gold! Recent U.S. economic data showed a slowing labor market, solidifying expectations that the Fed will soon begin cutting interest rates. Fed Chairman Jerome Powell testified in Congress on Tuesday that inflation remains above the Fed's 2% target, but has been improving in recent months, and more good data will strengthen the Fed's case for cutting rates. Market focus now turns to the Consumer Price Index (CPI) data released on Thursday, with recent data showing inflation retreating after an unexpected rebound at the beginning of the year. Fed Chairman Powell will also deliver his semi-annual monetary policy testimony to the House Financial Services Committee on this trading day, and investors also need to pay attention. In addition, pay attention to news related to the geopolitical situation. Gold adjusted the daily line to alternate between red and green, and the lower edge of the trend 2350 is still a strong support. The daily closing line still broke the lower edge of 2350, and stood above 2360 at the closing line. The daily trend was relatively standard yesterday, and the MA7-day moving average and the 10-day moving average stopped again and counterattacked and closed at a high level. The moving average has now moved up to 2359/2351, and it still remains open upward. The RSI indicator daily chart still remains above the middle axis. The lower edge support 2350 of the short-term four-hour chart is still valid. Asian trading strategy: Short-term gold 2351-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2370-2372 short, stop loss 2382, target 2350-2360; Note: The above strategy was updated on July 10. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia
Analysis of gold price trend on TuesdayIn the early Asian session on Tuesday, gold fluctuated in a narrow range and is currently around 2368. Gold fell more than 1% on Monday, basically giving up all the gains on Friday, as stock market risks rebounded and investors took profits after the previous trading day's surge in expectations that the Federal Reserve might cut interest rates in September! However, the geopolitical situation remains tense, and the market's expectations for the Federal Reserve's September rate cut are gradually heating up. It is expected that bargain hunting will provide support for gold prices, and gold prices still have a chance to test the resistance near the 2400 mark in the future. The unexpected result of the French election provided the dollar with an opportunity to rebound, but it remained weak overall after Friday's U.S. jobs data boosted bets that the Federal Reserve will soon start cutting interest rates. In addition, China, the largest consumer of gold, did not buy gold for the second consecutive month in June this year, which was also a major factor in the sharp drop in gold prices. The Nasdaq and S&P 500 indexes of the U.S. stock market hit record highs at one point, and the Dow Jones Industrial Average hit its highest level in more than a month. The market currently expects a 71% probability of the Federal Reserve cutting interest rates in both September and December. Investors this week will focus on Fed Chairman Powell's semi-annual congressional testimony, a series of speeches by Fed officials, and U.S. inflation data to be released on Thursday. Gold daily line alternates between long and short cycles and falls into wide fluctuations. Gold gave up Friday's non-agricultural gains and experienced a technical correction. The daily line once again showed a red-green alternation cycle and fell into fluctuations. The MA7 daily moving average retreated to 2350 and stopped rebounding. The RSI indicator was above the central axis. The price on the four-hour chart retreated to the middle track of the 26-cycle Bollinger band, and the RSI indicator adjusted its central axis. Gold technical side alternates between long and short moves, and the downward adjustment depth and strength are not small. The main long trading idea is maintained at a relatively low level, and the high-altitude auxiliary. The overall trading shock treatment range is 2350/2390! Asian trading strategy: Short-term gold 2350-2352 long, stop loss 2341, target 2370-2380; Short-term gold 2367-2370 short, stop loss 2378, target 2350-2360; Note: The above strategy was updated on July 9. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia
XAUUSD: 8/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2400-50, support below 2370-50 Four-hour resistance 2400, support below 2370-61 Gold operation suggestions: From the current trend of gold, today's support below continues to focus on the neckline of the hourly line last Friday, near 2374-76. Intraday retracement relies on this position to continue to be bullish. The short-term bullish watershed focuses on the 2370 mark, which will start a downward trend after breaking it. The daily level stabilizes above this position and continues to buy at a low price. BUY:2370near SL:2367 BUY:2361near SL:2358 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
2
Gold pullback - trading entry for todayGold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of 2,four hundred USD/ounce and probable better. The deceleration and consolidation in advance of this degree indicates bullish hobby in in addition growth. According to this view, the chance of gold charges will upward push better withinside the close to destiny primarily based totally on marketplace expectancies that americaA Federal Reserve (Fed) will reduce hobby prices. CME`s Fedwatch device indicates hobby prices will fall in September and will fall in addition in November and December, which might gain gold. This week, marketplace interest is targeted on Fed Chairman Jerome Powell's congressional testimony, feedback from numerous Fed officers and US inflation data. According to senior analyst Matt Simpson City Index, a vulnerable inflation record coupled with Mr. Powell's dovish tone can be the correct catalyst for gold to attain new highs. Short-time period stages to consider: Resistance stages: 2400, 2422 Critical assist degree: 2350 In summary, gold's short-time period outlook is positive, primarily based totally on strong technical elements along with a long-time period uptrend, supported with the aid of using EMA and a growing fee channel. If gold charges keep above the $2,350/ounce assist degree, there may be a excessive opportunity that the fee will hold to upward push and head in the direction of the $2,four hundred/ounce resistance degree or better. However, buyers have to observe that the gold marketplace continues to be substantially stimulated with the aid of using macroeconomic elements and geopolitical occasions that would opposite modern-day moves.
TVC:GOLDLong
by Chart_MasterPro
Analysis of gold price trend on MondaySpot gold fell slightly in the Asian market on Monday and is currently trading around 2383. The unexpected result of the French election over the weekend, the weakening of the euro, provided the US dollar with a rebound opportunity, and the London gold price was slightly under pressure. Gold extended its gains on Friday to its highest level in more than a month, reaching 2392, after key US employment data showed that the labor market was weakening, thus raising expectations of a September rate cut by the Federal Reserve. In the past week, the US economic data has been disappointing, the US dollar has fallen under pressure, and gold has risen strongly. Looking ahead to the next week, Fed Chairman Powell will testify in Congress for two consecutive days, and the US CPI data for June may affect the Fed's expectations of rate cuts. In Europe, the French election on Sunday (July 7) has attracted much attention. In addition, the Reserve Bank of New Zealand will announce its interest rate decision. Given that it is expected to keep the interest rate unchanged, the market will pay attention to changes in its wording. Investors need to pay attention to the further fermentation of the French election on this trading day. This week, focus on the congressional testimony of Fed Chairman Powell and the US CPI data for June, and pay attention to news related to the geopolitical situation. Relatively speaking, the current fundamentals and technical aspects tend to support gold prices to break through the 2400 mark, and it is even expected to test the resistance near the historical high of 2449. Technical aspect Technical aspect: Gold closed sharply higher on the daily line. Bollinger Bands opened upward, MA10/7-day moving average opened upward and currently moved up to 2343/2355, and RSI indicator ran above the middle axis. Short-term four-hour chart formed a big positive line and broke through the moving average, keeping the opening upward and the price was on the upper track of Bollinger Bands, but RSI indicator reached 80 and entered the overbought zone, paying attention to the technical adjustment of the early week's high and fall. The trading idea of ​​gold at the beginning of the week remains unchanged, and the idea of ​​buying at a low price remains unchanged, supplemented by selling at a high price. Asian trading strategy: Short-term gold 2380-2382 long, stop loss 2371, target 2395-2405; Short-term gold 2406-2408 short, stop loss 2415, target 2380-2390; Note: The above strategy was updated on July 8. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSD
by GenevieveJulia
XAUUSD: 4/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2370, support below 2340-20 Four-hour resistance 2370, support below 2350-32 Gold operation suggestions: Gold bulls pulled up yesterday, breaking through the 2340 line since the European session, and then continued to rise in the US session with the stimulation of data, reaching a high of around 2365. Judging from yesterday's trend, the European session rose and broke through, then the US session retreated after a breakout, and then broke through again. The continuous rise also gathered the energy of the bulls. The trend of today's Asian and European sessions is also the direction indicator of the US session, and the support below will also be maintained at the low point of 2353 after yesterday's breakthrough and retreat. This position will also serve as the watershed point of the day. Similarly, if the European session continues to rise during the day, the US session will still be a good opportunity to go long. For yesterday's breakthrough, the bulls still have room to rise. Judging from the current gold trend, the lower support is at 2335-2343, and the previous high point and suppression point are around 2363-65. This position can also be used as the intraday long-short dividing line. If the rise is blocked for a long time, we can look for opportunities to short around 2370 before the US market. BUY:2343near SL:2340 SELL:2370near SL:2373 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold price trend on FridayGold fluctuated in a narrow range in the Asian market on Friday, and is currently trading around 2364. On Thursday, the overall trend remained in a narrow range, while investors digested the remarks of Federal Reserve Chairman Jerome Powell and looked forward to the US NFP employment data released later this week for more signals on US interest rate cuts. The latest US employment data such as ADP and initial jobless claims in May performed poorly. The market generally expects that the US job market may slow down, which is expected to provide support for gold prices before the data is released. However, Israel will send a delegation to negotiate with Hamas to release the hostages, and the geopolitical situation is concerned; US job vacancy data performed strongly, and even if the non-agricultural performance is poor, it may be "buy is expected, sell is a fact", and it is still necessary to beware of the possibility of a sharp drop in gold prices. Gold price has moved slightly by 10 USD per day, and it is obvious that the bullish momentum has weakened. In the past three months, the price of gold has been adjusting and even has a peaking pattern. Everything depends on the direction given by today's NFP employment data. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2368-2370 short, stop loss 2379, target 2350-2360; Note: The above strategy was updated on July 5. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release. Trading will stop at NY time.
OANDA:XAUUSD
by GenevieveJulia
XAUUSD: 1/7 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340, support below 2315-2277 Gold operation suggestions: From the analysis of the 4-hour line, today's support below is around 2315, and the upper short-term pressure is around 2335-40. First, sell high and buy low in this range. In the short term, the gold price is likely to continue to fluctuate widely. SELL:2340near SL:2343 BUY:2315near SL:2312 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
3
XAUUSD: 3/7 Today's Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340-70, support below 2319-2277 Gold operation suggestions: Yesterday, the technical side of gold continued to fluctuate in a narrow range. The price of the Asian and European sessions was under pressure at the 2332 mark and quickly fell back and fell, reaching 2319 and stabilizing and rebounding. The gold price in the US session quickly rose and was under pressure at the 2336 mark and fell back and closed. The overall price continued to fluctuate around the 2318 mark support and the 2336-40 area, and there was not much continuity between the long and short positions. From the perspective of the 4-hour gold trend, today's lower support continues to focus on the vicinity of 2315-2318, and the upper pressure focuses on the 2370 mark. Continue to rely on this range to sell high and buy low during the day. SELL: 2370near SL: 2373 BUY: 2318near SL: 2315 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
GOLD - rising after weak economic data🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the opportunity of loosening economic coverage this 12 months and that may be a high-quality sign for gold. Data launched withinside the center of this week confirmed that the wide variety of packages for unemployment advantages multiplied, the wide variety of jobs withinside the personal quarter multiplied through most effective 150,000, tons decrease than forecast. 🟢Currently, the marketplace is watching for non-farm payroll statistics. This file can have a massive effect on gold expenses withinside the future. If gold falls after the file, traders have to see it as a shopping for possibility because the treasured metallic is on an uptrend and will reach $2,four hundred an oz. or greater pushed through sturdy demand. from principal banks and shelter-in-location shopping for because of issues approximately geopolitical tensions.
TVC:GOLDLong
by Chart_MasterPro
Analysis of gold price trend on ThursdayGold fluctuated in a narrow range in the Asian market on Thursday, currently around 2358. Gold prices rose by more than 1% on Wednesday, hitting a nearly two-week high of 2364 during the session, as recent US data showed a weak labor market, the Fed's meeting minutes were dovish, the market's bets on the Fed's September rate cut increased, and the US dollar index fell sharply to a nearly three-week low. In addition, the situation in the Middle East has become tense again, and the resulting safe-haven buying has pushed gold higher. Another report showed that the US service industry shrank last month, which also put pressure on the US dollar and benefited the gold price trend. The US ISM non-manufacturing index fell sharply to 48.8 in June, the lowest level since May 2020, indicating a contraction in the service industry. Currently, the market believes that the probability of the Federal Reserve cutting interest rates in September is 74%. This trading day is the US Independence Day holiday, the US market is closed, and the US economic data has been released in advance on Wednesday, and market trading volume may be limited. Investors now look forward to the NFP employment report released on Friday to further clarify the path of US interest rate cuts. It is not surprising that the center of gravity of the gold bottom consolidation range moves up to accumulate bullish momentum. Yesterday, we thought that the range divergence would continue to be maintained, but the price directly broke the expectation a little. The daily K line directly rose unilaterally and ended strongly at a high level. The price will continue to challenge the upper resistance. The bulls of large and small cycles are all in the same direction. Gold broke through the box and oscillated in 1 hour. Gold did not fall back quickly after the breakthrough. Gold has stabilized above the box. The decline of gold is an opportunity to go long. Gold fell back to the 2353 line in the US market last night to form support. Gold fell back to the 2353 support in the early trading and stabilized, so you can continue to go long. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2378-2380 short, stop loss 2389, target 2350-2360; Note: The above strategy was updated on July 4. This strategy is an Asian trading strategy, please pay attention to the validity period of the strategy. NY time strategy is waiting for update
OANDA:XAUUSDLong
by GenevieveJulia
Analysis of gold price trend on WednesdayIn the Asian market on Wednesday, spot gold fluctuated in a narrow range and is currently trading around 2335. Gold prices fluctuated slightly down 0.11% on Tuesday. Strong U.S. job vacancy data put pressure on gold prices, but Fed Chairman Powell's speech was dovish, and the dollar and U.S. bond yields fell, providing support for gold prices. Of course, international gold showed an overall volatile trend, and most investors began to wait for U.S. employment data later this week to provide more clues to interest rate cuts. The benchmark 10-year U.S. Treasury yield hit a one-month high on Monday and remained high on Tuesday, resulting in a decline in the attractiveness of non-yielding international gold prices. Market analysis The rise was caused by safe-haven demand driven by geopolitical and economic uncertainties and continued purchases by central banks (a critical demand category). Because July 4 is the U.S. Independence Day holiday, the market will be closed early on this trading day, which may slightly limit trading space, and investors need to pay attention. The minutes of the Federal Reserve meeting will be released on this trading day, and investors need to pay close attention to them. In addition, the U.S. ADP employment data for June, the U.S. ISM non-manufacturing PMI for June and the U.S. factory orders monthly rate for May will be released on this trading day, and investors need to pay attention to them. In addition, it is necessary to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Technical side Gold bulls and bears are in a fierce battle, and both bulls and bears have opportunities. Therefore, for intraday operations, on the one hand, pay attention to the continuation of the rectangular oscillation, and on the other hand, pay attention to the cycle of time. If gold does not perform strongly at 2337~2340, continue to look at the retracement and downward test of 2318. If it continues to fall and still gets support at 2318, then there is still a chance for a rebound test at 2338-39 in the European session. If the rectangular oscillation range is not broken, no matter it is falling or rising, do not chase it; mainly sell high and buy low! Asian trading strategy: Short-term gold 2319-2321 long, stop loss 2312, target 2335-2345; Short-term gold 2337-2339 short, stop loss 2348, target 2320-2310; Note: The above strategy was updated on July 3. This strategy is an Asian market strategy. Please pay attention to the validity period of the strategy release.
OANDA:XAUUSD
by GenevieveJulia
Analysis of gold price trend on TuesdaySpot gold is currently trading around 2330 in early Asian trading on Tuesday. Gold prices rose 0.23% on Monday, and the US June ISM manufacturing PMI data was worse than market expectations, which also provided upward momentum for gold. The market focus turned to the US NFP data to be released later this week, which may provide more clues for the Fed's interest rate cut. U.S. manufacturing shrank for the third straight month in June, and a measure of factory input prices fell to a six-month low due to weak demand for goods, suggesting that inflation may continue to recede. This week, the market focuses on a speech by Federal Reserve Chairman Powell on Tuesday, the minutes of the central bank's latest policy meeting on Wednesday, and U.S. non-farm payrolls on Friday. U.S. markets will be closed on Thursday. Powell is likely to stick to his data-dependent stance, so gold prices could rise again if U.S. NFP data is weak later this week. The market currently expects a 64% chance of a rate cut by the Federal Reserve in September and another in December. Lower interest rates can reduce the cost of holding gold. In addition, geopolitical concerns and concerns about the uncertainty of the French election situation also provide some support for gold prices. The battle between long and short gold is hard to separate, and both long and short gold have opportunities. Yesterday, the gold price continued to pull around the 2320/2340 range repeatedly, and the daily line rose slightly, continuing to close around the long and short red and green alternately. The technical short-term four-hour chart and hourly chart are not very weak. The price basically maintains the upper and middle track of the Bollinger band and continues to adjust. The RSI indicator continues to run above the middle axis. The technical side continues to maintain the range operation and fluctuate. Before breaking the range, keep the idea of ​​selling high and buying low to participate. Asian trading strategy: Short-term gold 2318-2320 long, stop loss 2311, target 2335-2345; Short-term gold 2338-2340 short, stop loss 2349, target 2320-2310;
OANDA:XAUUSDShort
by GenevieveJulia
Analysis of gold price trend on MondaySpot gold fluctuated slightly lower during the Asian session on Monday, currently around 2324. Gold prices rose and fell last Friday. Although a key US inflation report was basically in line with expectations, boosting hopes that the Federal Reserve may cut interest rates before September, political uncertainty overshadowed this optimism, and US Treasury yields surged to a nearly three-week high, causing gold to fall after rising! U.S. Treasury yields reversed earlier losses on Friday as uncertainty over the U.S. presidential election and French parliamentary elections offset a confidence boost from earlier data showing slowing U.S. inflation. Meanwhile, French yields rose on Friday as the first round of the general election is scheduled for Sunday, with polls suggesting a possible victory for France's far-right party. The US Independence Day will make this an unusual week for economic data, with important releases compressed on either side of the holiday. On Monday, the market will receive the ISM manufacturing purchasing managers' index, followed by the Eurozone CPI flash reading and JOLTS job openings data on Tuesday. ECB President Christine Lagarde and Fed Chairman Jerome Powell will also speak at a central bank conference in Portugal. Gold daily and weekly lines are running in a convergent triangle, but the daily and 4-hour lines appear to be consolidating at high levels for a little longer, which will limit the momentum of bulls. Although the hourly and 4-hour charts are in the upward channel, it can still be seen that they are not strong, so be careful of the need for a retracement at the beginning of the week. The support of the 2318 line needs to be paid attention to below. A breakthrough will increase the strength of the retracement! The upper resistance is 2339, and the operation is to sell high and buy low! Asian trading strategy: Short-term gold 2318-2320 long, stop loss 2310, target 2335-2345; Short-term gold 2338-2340 short, stop loss 2349, target 2310-2320; Note: The above strategy was updated on July 1. This strategy is an Asian trading strategy. Please pay attention to the validity period of the strategy release.
OANDA:XAUUSDLong
by GenevieveJulia
1
XAUUSD:28/6 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340, support below 2277 Gold operation suggestions: The overall price of gold has stabilized at the 2300 integer mark. At present, the technical side is likely to maintain a wide range of fluctuations in the 2300-2340 area. From the analysis of the 4-hour line, today's lower support continues to focus on the neckline of yesterday's hourly line near 2313-2315. If it falls back during the day, we will first look at this position to rebound. The upper short-term pressure focuses on the vicinity of 2337-2340. We will rely on this range to maintain high selling and low buying during the day, and maintain the trading idea of ​​range consolidation in the short term. BUY:2313near SL:2310 SELL:2340near SL:2343 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
1
Analysis of gold price trend on Friday Gold fluctuated in a narrow range in early Asian trading on Friday and is currently trading around 2323. Gold prices rose $30 from their lows on Thursday. As the dollar weakened, the market focus turned to key US inflation data for clues about the direction of Fed policy. The number of Americans filing for unemployment benefits fell last week, but continuing claims jumped to the highest level in two and a half years in mid-June, suggesting that labor market conditions are loosening amid slowing economic growth. Other data released on Thursday highlighted weakening economic momentum, with business equipment spending falling in May and a widening goods trade deficit due to falling exports. The series of weak data increased the likelihood of a rate cut by the Federal Reserve in September after a sharp slowdown in economic growth in the first quarter. The weak economic data supported expectations that the Federal Reserve will start cutting interest rates this year, putting pressure on the dollar, and gold prices rose sharply by nearly $30 after a sharp drop in the previous trading day. On Friday, investors will usher in the most important economic data of the week, the U.S. PCE inflation data, which is expected to cause sharp market fluctuations. Friday is still based on the idea of ​​wide range fluctuation. Technically, the daily line still maintains the discontinuous red and green alternating pattern, and the price returns to the MA10 daily moving average position of 2328, but the daily moving average does not form a golden cross and open volume, and the RSI indicator is still flat above the central axis. Similarly, the weekly line suppresses the MA10 daily moving average position of 2335, and the monthly line has the highest probability of closing at the cross line. Today's trading of gold will first see whether the long-short watershed of 2330 can stand firm! Asian trading strategy: Short-term gold 2310-2312 long, stop loss 2300, target 2330-2340; Short-term gold 2330-2333 short, stop loss 2341, target 2310-2300; Note: The above strategy was updated on June 28. This strategy is an Asian strategy, please pay attention to the validity period of the strategy, the US market strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia