Gold Trading Analysis·Trends
Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130
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Goldminers
Gold market analysis
omic data this week led investors to lower their expectations for U.S. interest rate cuts, and pressure on precious metals continued to rise. Gold prices remained stable on Friday, recording their first decline in four weeks.
Spot gold closed down 0.30% at $2,155.70 per ounce. Gold prices fell more than 0.8% this week, marking their first weekly loss since mid-February, after hitting a record high of $2,194.99 last week.
The settlement price of COMEX April gold futures closed down 0.28% at $2,161.5 per ounce.
Data this week showed that U.S. consumer prices rose more than expected in February, and producer prices also showed a certain degree of inflationary stickiness.
Everett Millman, chief market analyst at Gainesville Coins, said, “Gold has already priced in a positive push from expectations of lower interest rates... If inflation starts to move higher again, that means policymakers will have to keep monetary policy tighter for longer. policy." "While gold doesn't particularly like a high interest rate environment, if the reason rates are staying so high is because of overheating inflation...that would naturally mean people will turn to gold again."
Higher-than-expected inflation continues to put pressure on the Federal Reserve to keep interest rates high, putting pressure on gold prices. The non-yielding precious metal is also used as a hedge against inflation.
Expectations of the timing of a rate cut by the Federal Reserve did not stop gold prices from rising. “The timing and pace of Fed rate cuts is a long-term driver for gold. Currently, the Fed needs to be more confident that inflation will return to 2% before it will consider cutting rates. We believe cuts will begin in July this year. The market is pricing in a move from 2024 Price cuts starting in the second half of the year. That is, the pullback in market expectations from March to June may limit price increases. The change of the U.S. ruling party will bring risks to future policies. Amid economic and geopolitical tensions, the stock market A record high. This may make investors more wary of downside risks than upside potential. Volatility is expected to increase as the U.S. election approaches. The risk-off scenario in equities will provide support for gold prices.”
Real-time gold trading analysis
Gold prices fell to $2,155 before bottoming out.
At this time, the one-year inflation rate forecast for the United States in March was released in the United States.
Predicted value 3.10%
Published value 3%
Preliminary value of the University of Michigan consumer confidence index in March
Predicted value 76.9
Published value 76.5
The data is very bullish for gold. As I said, there is strong support below gold, so it is a very wise choice to go long at low prices.
Now the gold price is supported below at $2,158, making it difficult to continue falling. It then turned to an upward trend, confirming my previous prediction.
Therefore, I prefer to go long at the low price of around $2160.
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Today's gold trading analysis
The price of gold fell to around US$2,154 yesterday and was supported by the bottom, and then rose to around US$2,160, showing a volatile trend.
Today, the price of gold is under pressure from above around $2,170, showing a volatile trend.
It should be noted that the price of gold today is above US$2,170 and is above US$2,180.
What you need to pay attention to is whether the gold price can break through when it reaches the $2,180 line.
At the bottom, we need to pay attention to the position of $2153-2150.
Therefore, I think a safer trade is to wait for the gold price to encounter resistance from above, then it would be a better choice to go short at a high price, or to go long at a low price.
My suggestion is to go short between the high price of $2176-2179.
If the price of gold falls to fluctuate around 2160, go long at a low price.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
XAUUSD:12/3 Today’s Analysis and StrategyGold fluctuated within a narrow range on Tuesday and is currently trading around $2,177. After trading slightly higher on Monday, prices remain near all-time highs after last week's record gains, as traders await U.S. inflation data that could provide more clarity on the Federal Reserve's interest rate trajectory.
U.S. CPI data for February will be released today. U.S. CPI in February is expected to increase by 0.3% to 0.4% month-on-month, with a year-on-year increase of 3.1% unchanged. Core CPI is expected to drop from 0.4% to 0.3% month-on-month and from 3.9% to 3.7% year-on-year.
Last week, Powell indicated that the Fed would eventually begin to ease policy, but stressed that the central bank still relies on data. Although the Fed chairman said the central bank is confident that inflation is edging lower, they are in no rush to cut borrowing costs. Low interest rates help gold prices rise because they reduce the opportunity cost of holding zero-yielding gold.
Physical gold demand in many countries is expected to remain relatively strong this year, and net positive demand from multiple central banks appears to be continuing into this year, with multiple central banks adding 39 tons of gold in January.
Gold technical analysis
Daily resistance is 2200, support below is 2150-24
Four-hour resistance is 2200, support below is 2167-53
Gold operation suggestions:
Today, the lower support continues to focus on the vicinity of 2167, and the upper pressure is in the 2190-95 area. The short-term price stabilizes above 2150, and bulls are still strong.
BUY:2167near
BUY:2153near
BUY:2124near
XAUUSD: 3/13 Today’s Analysis and StrategyGold fluctuated within a narrow range on Wednesday and is currently around 2159. The price of gold fell back nearly $30 on Tuesday, once touching 2150, a drop of more than 1%. The U.S. inflation report dimmed the prospect of an imminent interest rate cut by the Federal Reserve. The price of gold plummeted by nearly $25. The U.S. dollar index edged higher after a shock on Tuesday.
A red-hot U.S. inflation report dimmed prospects for a Fed rate cut soon! U.S. inflation data was hotter than expected, but not extreme. This led traders to still believe that June is the most likely time for the Federal Reserve to start cutting interest rates. The U.S. dollar recovered slightly, causing the price of gold in U.S. dollars to fall by more than 1%.
U.S. consumer prices rose sharply in February amid rising gasoline and housing costs, suggesting that inflation is somewhat sticky and further reducing the likelihood that the Federal Reserve will cut interest rates before June. Although the U.S. Labor Department's inflation reading on Tuesday rose for a second straight month, the composition of the report remained consistent with a trend of slowing inflation. Inflation-weary Americans are getting some relief from grocery store and medical bills.
Gold technical analysis
Daily resistance is 2184, support below is 2150-24
Four-hour resistance is 2200, support below is 2167-53
✅Gold operation suggestions:
Affected by the CPI data on Tuesday night, gold experienced a rapid decline like a roller coaster, and then suddenly rose. The highest continued to reach the 2183 line and began to fall back. We also gave a long suggestion of 2151-56.
Gold ushered in a daily level adjustment after the non-farm payrolls hit a high of 2195 last Friday.
From the daily analysis, today’s lower support focuses on the early 4-hour long-short conversion level near 2150. The upper pressure first looks at around 2166-70. The short-term bull strong dividing line is 2184. The key lower support during the day focuses on around 2150.
BUY: 2147~53
BUY: 2165~70
Technical analysis only provides trading direction!
Real time gold analysis
According to the current trend of gold, the price of gold has now dropped to $2158. Pay attention to my signals at any time to make the right choice from it.
Gold price predicted to rise
It is recommended to go long in the short term: go long around $2160
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Today's gold price analysis
The price of gold fluctuated after falling to around US$2,158 yesterday, and then fell when it rose to around US$2,179 and then fell under resistance from above. This is consistent with my prediction and analysis yesterday.
Today's gold price is under support at $2168 and has a tendency to bottom out, but there will also be resistance from above. Therefore, I think a safer trade is to wait for the gold price to receive resistance from above, and then shorting at a high price would be a better choice.
What needs to be noted is whether the gold price can break through when it reaches the $2,180 line.
If it fails to continue rising, my suggestion is to go short between the high price of $2176-2178.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold prices may fall back today after rising higher
After bottoming out after falling to $2,150 yesterday, the price of gold was affected by the release of the monthly short-term energy outlook report by the U.S. EIA. The price of gold hit a maximum of $2,180 today, encountering resistance from above.
At this time, the 10-year Treasury bond bidding multiples and bidding interest rate data published in the United States on March 12 were very negative for gold. At this time, the price of gold encountered huge resistance from above around $2,180, and it was difficult to break through.
So I think gold prices will fall back when they reach the resistance level of $2,180 above.
Therefore, I recommend going short at $2177-2179.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
XAUUSD:29/2 Today’s Analysis and StrategyOn Thursday, the U.S. dollar index gave up yesterday's gains at 103.93, but bulls continued to put pressure on gold ahead of the release of Personal Consumption Expenditures (PCE), and gold prices have yet to break out of range trading. The dovish Federal Reserve released a timetable for interest rate cuts, suggesting that interest rate cuts will begin in the second half of the year. The U.S. slightly revised down fourth-quarter economic growth, providing support for gold prices, but gains were limited as traders focused on key economic data and comments from Federal Reserve officials on the timetable for interest rate cuts.
This trading day will release the U.S. PCE data that the Federal Reserve focuses on in January. The market expects core PCE to increase by 0.4% month-on-month, compared with the previous value of 0.2%. Core PCE is expected to increase by 2.8% year-on-year, compared with the previous value of 2.9%. In addition, this trading day also Changes in the number of people filing for initial unemployment benefits in the United States will be released. The market expects it to be 210,000, compared with the previous value of 201,000. Investors need to pay attention to changes in market expectations for the Federal Reserve to cut interest rates.
Additionally, a fresh decline in U.S. Treasury yields prevented bearish traders from making big bets on gold prices and helped limit the downside. Compared with forecasts for a rate cut in March at the beginning of the year, recent Fed comments and hot inflation data have pushed bets on the Fed's first rate cut to June. Higher interest rates tend to dampen investment confidence in gold.
Gold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
✅Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
Technical analysis only provides trading direction!
Gold prices will bottom out and rebound
According to the current gold trend, the gold price now forms a resistance level at 2154-2155. At this stage, the gold price reaches the bottom of 2154 and rebounds. Only by paying attention to my signals at any time can you make the right choice.
Gold price predicted to rise
It is recommended to go long in the short term: go long around $2155-2156
I will share trading strategies and trading ideas every day.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis or bearish
Friends, under the influence of the negative CPI data, gold fell sharply as I expected, and once fell below the 2160 position. According to the current trend pattern, the gold pattern is developing in the short direction, while the bull pattern is no longer strong. Therefore, in this kind of market, we must pay special attention to the trading rhythm. Relatively speaking, I prefer to wait for gold to rebound to the 2170-2175 area before continuing to short gold.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold analysis signals make you money easily
Hello friends!
According to the current gold trend, the gold price is now blocked at US$2182.0 and then falls. As far as the current trend is concerned, the gold price may fall at US$2160.0 as support. Pay attention to the gold price trend at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Crude oil analysis signals make you money easily
In the European market on Tuesday (March 12), spot gold maintained its downward trend during the day, with the current price of gold at $2,172 per ounce. On this trading day, gold traders will focus on the U.S. CPI report, which is expected to trigger a big move in the gold market. Analyze and predict gold price trends.
So far, gold prices are consolidating below all-time highs. A weak U.S. CPI report could offset the overbought effects of the Relative Strength Index (RSI), triggering a new rebound in gold prices.
Gold prices need U.S. CPI data to miss expectations in order to break through the $2,200/ounce mark.
The U.S. Bureau of Labor Statistics will release its February Consumer Price Index (CPI) report.
The U.S. CPI year-on-year increase in February is expected to be 3.1%, the same as January, while the year-on-year core inflation rate is expected to fall to 3.7% from 3.9% in January. Mehta said the more important month-on-month CPI data is expected to rise 0.4%, compared with a 0.3% increase in January. The core CPI growth rate in February is expected to be 0.3% month-on-month, compared with 0.4% in the first month of this year.
Unexpected declines in February's overall CPI and core CPI month-on-month data may lead to the Federal Reserve cutting interest rates in June, triggering a new round of dollar selling and pushing gold prices to record highs. With U.S. CPI falling short of expectations, U.S. Treasury yields will face tremendous bearish pressure, triggering a new upward trend in gold prices.
On the other hand, if the inflation data released in the United States are stronger than expected and seriously affect the expectation that the Federal Reserve will turn to dovish policy as early as June, gold prices may experience a sharp correction.
Gold prices are likely to maintain cautious trading momentum ahead of the U.S. CPI release as risk sentiment remains slightly positive.
Gold latest technical analysis
The near-term technical outlook for gold prices remains broadly unchanged, as indicated by the daily chart of the 14-day Relative Strength Index (RSI), which could see a pullback amid overbought conditions.
However, the next move in gold prices still depends on US CPI data.
If the U.S. CPI data unexpectedly drops, it may push the gold price to a historical high of $2,195/ounce. Once it breaks through this level, the gold price will need to continue to break through the $2,200 mark to target the psychological mark of $2,250/ounce.
On the other hand, U.S. inflation data may prolong the correction in gold prices and drop towards the March 8 low of $2,154 per ounce.
The next support for gold prices is expected to be $2,145/ounce, which is the 23.6% Fibonacci of the March 7 low and the rebound from $1,984/ounce (February 14 low) to $2,195/ounce (historical high) The confluence point of the retracement level.
According to the current trend of gold, the price of gold continues to fall. At this stage, the price of gold reached 78.0 US dollars and was unable to break through the resistance, and then continued to fall. Only by paying attention to my signals at any time can you make the right choice.
Gold prices expected to fall
It is recommended to go short in the short term: short around $72.0
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Summary on the evening of March 12th.
Many people always say that trading is either losing or making money. But 98% of people in the market always lose money. So are you one of them?
Monday's market is coming to an end. The gold market is relatively flat today. The highest price reached 2188. The lowest touched 2174. For most of the time, it remained within a narrow range of 2182-2177. Coupled with the lack of major news today, the market as a whole still maintains high vertical development.
The entire market was in an upward trend last week. I announced this trend to everyone before trading started. An attentive friend left me a message saying that my accuracy rate is the highest he has ever seen. Because there was hardly any loss last week. Indeed. Just follow the trading signals I publish. Then there is only one result. Profit.
Next, my personal idea is to continue to buy at lower prices in conjunction with the market to make a profit. There is currently no major news stimulus in the market. Therefore, the market is expected to remain mainly range-bound tomorrow. Combined with the previous leading news, almost all are positive for the rise of gold. So when there is no dominant news, technical indicators are a good standard as a reference for trading.
Combined with the above figure and relying on the market
The price of 2184-2188 sells gold.
Buy gold at a price of 2174-2177.
A look back at the highlights from last Friday.
When your awareness reaches a certain height. When you understand that trading is not gambling but investing. You are one of the 2%.
Gold analysis signals make you money easily
Hello friends!
According to the current gold trend, the gold price is now blocked at $2183.7. As far as the current trend is concerned, the gold price may fall at $2177.8 as support. Pay attention to the gold price trend at any time to make the right choice.
My suggestion: short at high prices. You can go short around $2182.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold analysis signals make you money easily
Hello my friends!
According to the current gold trend, the gold price has bottomed out and rebounded, and is blocked at US$2177.5. According to the current trend, the gold price may fall at US$2177.6 as support. Pay attention to the gold price trend at any time to make the right choice.
It is recommended to go long at low prices at this time
Go long around $2177.5
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis, easily make money for you
Hello friends!
Entering the European market on Monday (March 11), spot gold consolidated at a high level after several consecutive days of sharp gains. It is currently waiting for the next trend near the record high. The market remains cautious before the key US CPI inflation report, etc. New clues for Fed rate cut.
After rising for eight consecutive days, spot gold broke through record highs one after another. It once touched near 2195 last Friday and is currently consolidating at a high of around $2180.
Gold prices hit a record high of $2,194.99 for a fourth straight day on Friday after data showed a cooling in the U.S. job market.
According to the current gold trend, the gold price is currently fluctuating at $2,180. Short selling is still not a wise approach at this stage. As far as the current trend is concerned, the gold price may correct. Pay attention to the gold price trend at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis, easily make money for you
Gold trend analysis, easily make money for you
In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180.
Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute chart, gold prices continue to trade within an ascending channel. Gold prices surged to a record high after data showed a rise in U.S. unemployment, boosting expectations that the Federal Reserve may soon begin cutting interest rates.
Data released by the U.S. Bureau of Labor Statistics on Friday showed that the U.S. non-farm payrolls increased by 275,000 in February, higher than the expected 200,000. However, the number of new non-farm payrolls in December last year was revised down from 333,000 to 290,000. people.
The U.S. non-farm unemployment rate unexpectedly rose to 3.9% in February, a new high since January 2022, higher than market expectations of 3.7%, and the value before January was 3.7%.
The average hourly wage in the United States increased by 4.3% year-on-year in February, in line with expectations of 4.3%. The wage growth rate in January was revised down from 4.5% to 4.4%; the average hourly wage growth in February fell to 0.1% month-on-month, which was lower than expected. 0.2%, the previous value was revised down from 0.6% to 0.5%.
Spot gold closed up $19.38, or 0.9%, at $2,178.95 per ounce on Friday, with gold prices hitting an intraday high of $2,195.07 per ounce.
As I said before, the probability of gold rising is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
Therefore, the short-term recommendation for gold is to go long on dips. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2178
TP 2190
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
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Gold trend analysis, easily make money for you
March 9 News: Market expectations for the Federal Reserve's policy easing may be coming to an end. Expectations for the Federal Reserve's monetary policy to shift to easing are still dominant. The geopolitical situation is still tense. Global central banks continue to purchase gold. Adding to the possibility of the spread of the U.S. banking crisis, the impact on gold Form a mid- to long-term positive impact.
Gold recommendation: Going long at low levels is still the core. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2177
TP 2195
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
have a nice weekend!
xauusd(gold) daily outlookxauusd(gold) trading at an all-time high. so with the Dow Theory when a market makes an all-time high it will back to the most recent broken price. of course, you should wait for a reversal point.
note- keep in mind market takes less time to build a pattern when it’s about the bull market to move down. and when the market is bearish then it’s taking much time to build a reversal pattern to move upside.
Gold price trend analysis, easily make money for you
On Friday (March 8), the price of gold hit a maximum of $2,193. Gold prices were on track for their biggest weekly gain in five months, boosted by hints from Federal Reserve Chairman Jerome Powell that he would cut interest rates. Spot prices surged more than 3.5% this week, indicating strong investor expectations for a rate cut.
Gold prices are on the verge of their biggest weekly gain in five months and near record highs, buoyed by Powell's hints that a rate cut could come mid-year.
This week alone, gold spot prices soared by more than 3.5%, marking the largest weekly increase since the conflict between Israel and Hamas escalated in mid-October 2023, and is expected to rise for a third consecutive week.
Speculative trading has fueled the rise, but the underlying driver remains expectations of upcoming interest rate cuts, boosting gold's appeal. Meanwhile, the U.S. dollar is set for its biggest weekly drop this year, further increasing gold's appeal to investors holding other currencies.
The current resistance level is $2193.25 and the support level is determined at $2174.34
Combined with the current gold trend: it is predicted that gold prices will continue to rise;
Short-term recommendation: Go long around $2,175
TP 2190
SL 2165
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
Today’s gold price analysis and guidance
Today’s gold price analysis and guidance
Yesterday, Jerome Powell testified before Congress that he expects to start cutting interest rates this year if inflation approaches the central bank's 2% target, paving the way for a fall in the dollar and a rise in gold.
Today, the price of gold broke through 2163, and the support level is 2154.6. It is currently oscillating at $2156.5. Based on the news observation, gold will show a volatile upward trend in the short term during the day.
have to be aware of is!
If today's non-agricultural data is released, the value is too high or too low, which will greatly affect the gold price trend. Before that, I referred to the performance of ADP data, and based on the fact that the two are more than 80% in the same direction. The probability that today's non-agricultural data will be positive for gold is very high. At the same time, combined with the impact of the US dollar interest rate cut, the US dollar has a weak trend of rising. I am more certain of the possibility of the market going up.
Combined with the current trend of gold prices, it is predicted that gold prices will show a slight upward trend in the short term;
Recommendation: Buy around $2156
TP:2165
SL:2150
Seek victory in a stable manner, follow the signals, and do not make rash advances.