XAUUSD:23/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966
Four-hour pressure is 2032, support below is 2012-2000
One-hour pressure is 2032, support below is 2012-2000
✅Operational suggestions: At present, the top is paying attention to the first-line pressure of the 2032 mark, and its daily pressure of the 2040 mark. Today, it will rebound and continue to short, with a target near 2000-1980-1966. If the market reverses and breaks through 2053, the trend will turn to bullish.
SELL:near 2040
SELL:near 2032
SELL:near 2020
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Goldminers
XAUUSD:22/1 Today Analysis and StrategyGold technical chart daily pressure is 2040, with support below 2000-1966
Four-hour pressure is 2032, support below is 2012-2000
One-hour pressure is 2032, support below is 2012-2000
Operational suggestions: Judging from the daily analysis, today's upper resistance will focus on the vicinity of 2032-2040. Counterattacks during the day will rely on this position to continue to be bearish and then look at the downward trend. The lower target will continue to focus on breaking the bottom. The short-term short-term weak dividing line will move down to In 2032, until the daily level does not break through and stand at this position, continue to maintain the main and short rhythm of the trend. Be careful to participate in the long position, and the target will be focused on 2000 first.
SELL:near 2040
SELL:near 2032
SELL:near 2012
Analysis of golden news surfaceThe market currently believes that the probability of a rate cut in March has dropped to below 50%. Expectations are down significantly compared to last week. The gold market continued to trade in a tight range as investors wavered over the timing of the Federal Reserve's interest rate cuts this year.
A hawkish shift in U.S. monetary policy sent gold prices to a five-week low last week, just above $2,000 an ounce. Although gold prices have rebounded from recent lows, the precious metal is still poised to end last week lower. Spot gold closed at $2,029.26 per ounce last Friday, down 0.94% on the week.
U.S. data last week showed an unexpected drop in initial jobless claims and better-than-expected retail sales. Gold prices in London were little changed as investors mulled the data. And as the economy strengthens, the Federal Reserve is looking for signs of weakness and considering easing monetary policy. The price of gold usually moves in the opposite direction to interest rates. Traders have pared back bets on a U.S. Federal Reserve pivot, putting the chance of a rate cut in March at around 52%, down from nearly 80% at the end of last week.
From different times, we can see that gold has two trends.
Gold falls below new lows, sells after reboundGold continued to fall below new lows yesterday, and the short trend continued. Gold rebounded today and continued to be short.
Overnight gold went straight down, with a strong negative line throughout the whole process. It has already fallen below the level of 2015. Even if the K-line rebounded, it was swallowed up by the negative line and went downward. This is a strong bearish trend and is unstoppable.
The daily chart shows a head and shoulders pattern, that is, the high point is obviously lowered, and the large negative line blocks the K line. The K line is powerless and can only start the plummeting mode. The Bollinger Band track is also running in the country, and the K line is always below the middle track.
Gold 1992-1995 long
Gold 2015-2018 short
XAUUSD: 18/1 Today Analysis and StrategyThe daily pressure on the gold technical chart is 2040, and the lower support is 2000-1966.
The four-hour pressure is 2032, and the lower support is 2000-1980
One-hour pressure is 2013, and the lower support is 2000-1980
Operation suggestions:
SELL:near 2032
SELL:near 2015
SELL:near 2000
BUY: around 1966 (weekly target)
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Gold price bounces off, downside remains bets easeHere is what you need to know on Thursday, January 18:
Technical Analysis: Gold price finds a temporary support near $2,000
Gold price attempts a firm-footing near psychological support at $2,000 amid a nominal decline in the US Dollar Index. The near-term demand for the precious metal has turned bearish as it has slipped below the 50-period Exponential Moving Average (EMA), which trades around $2,017. The higher-high-higher-low formation in the Gold price is over and market participants could utilize pullbacks for building fresh shorts.
The 14-period Relative Strength Index (RSI) has dropped to near 40.00. If the RSI fails to sustain above 40.00 levels, a bearish momentum will get triggered.
•Gold price discovers bets near $2,000 but remains on backfoot amid easing Fed rate cut hopes.
•Stubborn US inflation and robust Retail Sales data favour a maintenance of hawkish interest rate stance.
•Market participants will focus on Fed Bostic’s commentary ahead.
Gold price (XAU/USD) has executed a short-term recovery move in the midst of a persistent downtrend. Gold price printed a fresh monthly low near the psychological support of $2,000 on Wednesday, then bounced.
Yet despite the rebound, the precious metal remains on the backfoot as investors continue to worry about when the Federal Reserve (Fed) will start its long awaited rate-cut cycle. The hopes of an early rate-cut decision from the Fed are easing as the last leg of inflationary pressures in the United States is turning out significantly more stubborn than previously thought, due to robust consumer spending and steady labor market conditions.
Amid an absence of front-line economic indicators, market participants are expected to shift focus towards the first monetary policy meeting of the Fed, which is scheduled for January 31. The Fed is widely anticipated to keep interest rates unchanged in the range of 5.25-5.50%. Investors will keenly focus on how the Fed proposes to make three rate cuts of 25 basis points (bps) each in 2024, as projected in the December monetary policy meeting.
Daily Digest Market Movers: Gold price finds an interim support as US Dollar corrects
•Gold price discovers an intermediate support near the psychological $2,000 level after an intense sell-off.
•The near-term demand is still downbeat as uncertainty about an interest rate cut from the Federal Reserve in March has deepened.
•Trades have pared bets supporting a rate cut in March due to resilience in the US economy.
•Bets supporting an interest rate cut of 25-basis points (bps) have increased slightly to 61% but are still below the 75% recorded last week, as per the CME Fedwatch tool.
•Market expectations for early cuts from the Fed have been pushed back as price pressures in the US economy remained stubborn and consumer spending grew strongly in December.
•Upbeat economic indicators have provided room to Fed policymakers to maintain a restrictive monetary policy stance for a longer period than that anticipated by market participants before their release.
•This week, Fed Governor Christopher Waller said the central bank should not rush taking interest rates down as more evidence is needed to ensure that price pressures are returning to 2% in a sustainable manner.
•Christopher Waller advised that the Fed should reduce interest rates “carefully and methodically”, considering resilience in the US economy.
•Meanwhile, the US Dollar Index (DXY) has rebounded after a gradual correction to near 103.20, supported by risk-off market sentiment. 10-year US Treasury yields are maintaining a firm-footing above 4%.
•Later the day, investors will focus on the weekly jobless claims for the week ending December 12 and commentary from Federal Reserve of Atlanta Bank President Raphael Bostic.
•Bostic is expected to maintain a hawkish argument considering stubbornly higher price pressures.
•On Monday, Fed’s Bostic commented that progress in inflation declining towards 2% could slow if policymakers cut interest rates soon.
Market analysis on Monday,focus on the 2050 support positionOn Monday, international gold opened with narrow range fluctuations, and market transactions were light. The impact of factors at the end of last week has weakened. In addition, there is no focus on data during the day, and the trend will be guided by technical signals. Maintain the current trend after breaking through the short-term moving average and mid-track resistance. Run in a strong state. The international gold daily line closed on Friday, Dayang pulled up and closed above the middle track, while the daily indicator macd was dead cross shrinking and glued, and the smart indicator sto hook repaired upward; it means that the daily line shock is strong, and the price has The possibility of continuing to rise. At present, the top focus is on last Friday's high of 2062, followed by the upper track and parabolic turning point to suppress the 2076-2086 line. If it cannot rise to near 2085 today, tomorrow's high will move down to the 2079-2080 line.
Personal suggestion: go long on the pullback;
BUY2050-2052
Market Comments: RSI technical indicator is bullish
XAUUSD:11/1 Today Analysis and Trading StrategyGold technical chart daily pressure 2040-2053, lower support 2000
Four-hour pressure 2040, lower support 2020-2016
One-hour pressure is 2031, support below is 2016
Operational suggestions: From the daily analysis, we continue to focus on the recent 2040 first-line short-term suppression at the top, and the 2015-20 first-line support at the bottom. The short-cycle gold price has entered a weak and volatile consolidation trend. Before the market is stimulated by big news, Continue to maintain the suppressed bearish pattern unchanged
SELL:near 2053
SELL:near 2040
SELL:near 2032
BUY:near 2055
XAUUSD:12/1 Today Analysis and StrategyGold technical chart daily pressure 2040-2053, lower support 2000
Four-hour pressure 2040, lower support 2020-2016
One-hour pressure is 2040, support below is 2031-2000
Operational suggestions: From the daily analysis, we continue to focus on the recent 2040 first-line short-term suppression at the top, and the support at 2020-2000 at the bottom. The short-cycle gold price has entered a weak and volatile consolidation trend. Before the market is stimulated by big news, continue to Keep the suppressed bearish pattern unchanged
SELL:near 2053
SELL:near 2040
BUY:near 2020
BUY:near 2000
Thursday: Gold continues bearish trendGold continues to fluctuate and adjust within a wide range. Technically, the gold price still maintained the 2016/46-week range operation, with repeated adjustments. The MA10/7 daily moving average moves downward and opens downward, and the RSI indicator still maintains the central axis adjustment. The price in the short-period four-hour chart is running in the middle and lower tracks of the Bollinger Bands, forming a weak shock to suppress the bearish movement of the 2040 central axis. For intraday trading today, we continue to follow the shock idea and participate in high altitude, low and long.
In a volatile market in a downward trend, a big slump can come at any time, so shorting on rallies is the best option. Big shorts have been basically confirmed, but the short-term decline is more difficult. Currently, longs and shorts are facing key support, and differences have intensified, making the game relatively fierce. The shock is only short-term, but the general direction of shorts will not change, and after the shock, there will definitely be a wave of decline. The overall operation idea during the day is mainly high-altitude, and the planned short-selling point above is at the 2040 line!
Gold is now in a short trend. The 4-hour mid-track has been able to suppress the rise of gold prices many times. Every rise can be blocked, and our short orders can also be harvested. The trend has not changed and following the trend is still my strategy. Empty near 2040 pressure.
XAUUSD:8/1 gold market analysisGold technical chart daily pressure is 2053, with support below 2040-2000
Four-hour pressure 2053-2063, support below 2000
One-hour pressure 2044-2053, support below 2024
Operational suggestions: Gold NFP first fell and then rose on Friday. After breaking through the 2030 line, it began a substantial counterattack, and after touching the early decline point near 2063, it began to fall back. There was a large-scale sweep of long and short markets. Today, we will continue to pay attention to the 2040 dividing line at the hourly level. The price will continue to go long above the long-short dividing line and go short below!https://www.tradingview.com/x/a2OrCW1c/
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Tuesday: Gold trend analysis, focusing on 2020~2040Gold fluctuates widely and there is no unilateral long and short wash. Today's trading also needs to enlarge the amplitude range. The trading idea still remains high and low. The daily chart closes negative and suppresses 45/52 below the MA10/7 daily moving average. The short-cycle hour chart and four-hour chart The reference is of little significance. There are very few technical market components. For short-term charts, you can only look at the Bollinger Bands channel. The middle rail is suppressed by the 2042 line, the lower rail is by the 2020 line, and the upper rail by the 2052 line coincides with the MA10 daily moving average.
The unilateral downward trend of gold means that it is short when it rises. Although the price of gold rebounded by 15 US dollars in the evening, it still cannot change the unilateral downward trend. Today, it continues to be short under the pressure of 2040. As can be seen from the hourly chart, the price of gold continues to decline, and rebounded strongly yesterday, but it is still subject to the 2040 pressure level, so it continues to be short today.
It used to run above 2040, but now it has been running below the 2040 pressure level. Before there is an effective breakthrough of 2040, the short position will be carried out to the end. The market is changing, and you can definitely use the same methods to win the changing market.
Pay attention to the 2019-2022 support below
Focus on 2040 resistance above
2030 support is difficult to hold, DXY continues to riseAs I analyzed in the morning, 2050 is resistance. After gold encountered resistance, it began to fall. Coupled with the suppression of ADP and unemployment benefits data, it is now down 10 US dollars from the high.
A red rope candle in 4H swallowed up all the previous gains. In this case, the decline may continue.
All I think is that the 2030 support may be broken today
XAUUSD: 2/1 Today Analysis and StrategyGold technical chart daily line upper pressure 2088 and lower support 2053-2040
In four hours, the upper pressure is 2069-2088 and the lower support is 2066.
One hour upper pressure 2073-2080 lower support 2066
Operation suggestions:
Gold is currently consolidating in a range. As shown in the figure above, go long above 2069 and short below 2066.
Long order: long near 2069
Long order: long around 2040
Short order: short around 2065
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Wednesday: Operation between 2055~2075Gold adjusted and closed again with a small negative structure, and the U.S. index continued to rise. Gold and silver rebounded high. Gold fluctuated widely yesterday and rose sharply during the day. The European and American markets formed a surge and fell back to adjust downward and penetrated 2060 in late trading and fell to a low near 2055. The daily line closed continuously negative and tested the MA10 daily moving average support close to the 53 line. The short-cycle four-hour chart and hour The price in the chart is running in the middle and lower rails of the Bollinger Bands. The central axis of the RSI indicator is below the 50 value. The moving average system maintains its opening downward. The MA10 is suppressing 2066 on the 10th. The US index continues to rise strongly and maintains a strong closing. The daily line is positive, which has a certain impact on gold and silver. suppress. Gold trading today is mainly selling at high prices, followed by buying at low prices.
Yesterday's gold market trend was consistent with my prediction. It fluctuated within the range, with 2075 short and 2070 short respectively. It fell as expected and profited! Now that the market has fallen to the support below, it’s time to start going long! Rely on the support of 2055 to go long in early trading!
Looking at gold in 4 hours, the general direction of the shock trend after the rise remains unchanged is the bullish trend! The watershed between long and short is the 2050 position. Only when it truly falls below 2050 will the downtrend begin! Now the market continues to fluctuate within the range of 2055-2075. It is now exactly the 4-hour Bollinger lower track support position, and there is a rebound expectation! Gold relies on the support of 2055 to go long, and the top continues to pay attention to the pressure of 2075! For the time being, sell high and buy low within the range!
Complete signal 👇
Gold focuses on 2062/2050 supportGold fell back after rising yesterday, and fell below the 2070 long-short watershed, and the market turned downward! I started shorting today and sold directly above 2070 in early trading, with a profit of 80pips! The bottom supports the 2050 line! In trend trading, the most important thing is to follow the trend. When the market turns around, you must adjust your thinking immediately! So I always follow trends from beginning to end! Currently, gold has fallen below the moving average support, and the upward trend line has also been broken, which means that the gold trend has changed! The next step is to fall!
Gold has been fluctuating all the way up, but the market changed yesterday! There is no rebound after breaking the position, which means that the adjustment will continue! The support below this time is the support position of the 4-hour Bollinger Middle Rail 2050! It is expected that there will be a rebound after this decline to this position!
However, we do not rule out that the decline will stop near the previous low of 2060~2062, but I think the probability of falling to around 2050 is higher.
📉⏰ Gold's Major Drop Tomorrow: Get Ready for the Tumble! 💥🚨👀Gold closed today at 2065.265 (-0.57%). We had anticipated this move a few hours before it happened, and we have been calling for this move since the beginning of the week. However, despite our predictions, many bullish investors and those with diamond hands are still not convinced that the bull trend has reversed and that we are now officially in a bear market.
Tomorrow's drop in gold price will be huge compared to what we have witnessed today. And if it does not happen tomorrow, we expect it to happen the next trading day after January 01, 2024.
Why? The hourly charts are in a dangerous spot
Enough of the talking! Let's look at the charts now, because prices and charts are trustworthy. The gold 1-hour chart indicates that the trend has shifted to the bearish side.
Let's look at the gold miners -
NUGT (GOLD MINERS BULL INDEX X2) 3 DAILY CHARTS: We can see that there is double top formation on the RSI.
GDX 3 DAILY CHART: We can see a double top formation on the RSI as well.
XAUUSD 3 DAILY CHART: We can see a double top formation on the RSI as well.
Based on the 3 daily charts, the first target is $1982.
XAUUSD: 22/12 Asian Market AnalysisNow that gold has broken through a new high, a new band of rise has begun! Next hit the 2060 pressure!
From the hourly chart, gold has an obvious upward trend. This week's shock is a normal adjustment in the upward process. The adjustment is to accumulate strength for another rise. The end of the adjustment means that a new band of rise has begun! The new band target is at least the 2060 line, or even a record high!
Gold is still going long now, and you can enter the market directly near the Asian plate 2045! The adjusted rise generally does not give too many opportunities to get on board. If there is a small correction, just BUY!
XAUUSD:21/12 Today’s Market AnalysisGold technical chart daily pressure 2040-2072 below support 2000
Four-hour upper pressure 2042-2066 and lower support 2015-2000
One hour upper pressure 2040 and lower support 2037-2030
Operation suggestions:
BUY: around 2030, target around 2040-2066
BUY: Near 2042, target 2030-2060 (range)
SELL: Near 2042, target 2030-2020
SELL: Near 2066, target 2040-2030
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Gold continues to sell tonight! Suitable sell price around 2027!The gold gives the central sun cross on the axis
The reversal of the bear trend is almost complete
Although the completion of the cycle is somewhat earlier than expected
But that decline took just seven trading days
It is acceptable to complete the adjustment in two trading days if the shade is completed last Friday, which may be more favorable for the short-term peak, but the probability of a peak is very high!
Last week, Ling city gave the bottom of the general trend of the decline in the case of today's trading or choose to rebound short as the main line!
European trading signals:
2027 sold!
tp:2009!
Gold price edges lower amid modest USD uptickGold price (XAU/USD) struggles to capitalize on the previous day's positive move and trades with a mild negative bias heading into the European session on Tuesday. A slew of influential Federal Reserve (Fed) officials recently tried to push back against market bets for early interest rate cuts in 2024. This, along with the post-Bank of Japan (BoJ) selling around the Japanese Yen (JPY), lends some support to the US Dollar (USD) and exerts some pressure on the non-yielding yellow metal.
Apart from this, the prevailing risk-on sentiment across the global equity markets is seen as another factor undermining the safe-haven Gold price. That said, geopolitics remains the biggest risk for the markets. Furthermore, worries about a deeper global economic downturn, particularly in China and the Eurozone, might continue to act as a tailwind for the XAU/USD. Traders might also refrain from placing aggressive bets ahead of a key US inflation reading, due on Friday.