Gold trading signal analysis
Today, as I analyzed in my previous article, when the top of gold breaks through the 1980-1985 position, I will consider shorting again. The trading strategy given once again successfully helped my friends get very good profits.
In the short term, gold 1985 is still a relatively stable resistance line. As long as we seize accurate trading opportunities, we can definitely get good profits. Next, I will continue to bring you more profitable trading signals.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Goldminers
Analysis of today's gold trading
The fundamental news of the debt ceiling is still the key. It is worth noting that if the dollar rises due to the approaching deadline of the US debt ceiling, gold may experience a deeper pullback. If the debt ceiling is resolved, then gold will keep rising.
From a technical point of view, gold is still short in the short term. 1950 below gold has become the most critical position to open up the downside space. Once it breaks, gold will continue to test the vicinity of 1940-1930-1900, effectively breaking below 1900, and gold will make up for the 1868 gap. Direction
However, if gold maintains above 1950, it may regain support, and it may continue to test the possibility of 1984-1990-1996, effectively standing above 1996, and gold may test the vicinity of 2002 US dollars. At the same time, 2002 is also a key resistance level. Only a breakthrough can see the 2012-2022 area, but at present, gold does not have that much momentum in the short term.
Trading advice: Go short in a high position and go long in a low position
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD: Gold's next direction!Stagflation to take USD even higher
The demand for goods and services across the world is facing challenges due to inflation and high input prices. This is impacting the purchasing power of consumers and profits of companies. However, the energy sector is less affected. The global monetary conditions are also tightening, which contributes to the current downturn. Despite this, the US market continues to offer high-interest rates and foreign investors find equities attractive. Hence, the US is expected to attract capital, which can strengthen the USD.
GOLD: The return of the uptrend!Fundamental Overview
On Tuesday, XAU/USD experienced a drop to its lowest point of $1,954.22 during European trading hours. This was due to market concerns which increased demand for the American currency. However, gold was able to regain some of its value against the US Dollar and is currently trading at around $1,972. This marks the second consecutive day of little change in value. Financial markets are currently cautious due to uninspiring macroeconomic data and uncertainty surrounding the Federal Reserve's next steps. In early May, US policymakers raised rates by 25 basis points and suggested that future decisions would depend on data and be made meeting by meeting. This cautious approach led to a pause in hikes as Fed officials expressed concern over the impact of additional tightening on the banking system.
Plan trade in the intro
GOLD: TREND!Fundamental Overview
Gold price struggles to capitalize on Friday's goodish recovery move from the vicinity of the $1,950 level, or its lowest level since early April touched on Friday and kicks off the new week on a subdued note. The XAU/USD seesaws between tepid gains/minor losses through the early European session and currently trades around the $1,980 area, up a little for the second straight day
Gold stays below $1,980 as US yields edge higher
Gold rebound continues to be empty
The triple top of the gold cycle and monthly line is now only rebounding, and there is no reversal trend. After the rebound, it will continue to fall. The downward line of gold is suppressed for 1 hour, and the moving average bears run downwards.Most of the rise in gold is not sustained, waiting for emotions to be released and continuing the original trend.
Since the trend has not changed, it is that the rebound continues to be empty
Trading straregy:
gold: sell@1982 tp1:1970 tp2:1965
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD: Macro headwinds to keep pressure on Copper prices
Copper's price outlook is influenced by recession fears, China's Covid-19 restrictions, and the Fed's interest rate hikes. These factors will continue to impact copper's short-term price outlook, but its price support should remain above $7,500/t until 2023 due to tightening supply. We predict that copper prices will only improve when there is a positive global growth outlook.
Plan trade in the intro
GOLD: Is the market stable?Technical Overview
Gold price prods lower line of a two-month-old bullish channel as the GOLD traders brace for the key United States Retail Sales and debt ceiling negotiations among the US policymakers.
Given the steady Relative Strength Index (RSI) line, placed at 14, as well as the sluggish signals from the Moving Average Convergence and Divergence (MACD) indicator, the Gold price is likely to grind lower.
SELL GOLD zone 2024 - 2027
Stoploss: 2032
Take Profit1: 2015
Take Profit2: 2005
Take Profit3: 1995
Note: Set full TP, SL to win the market and be safe in trading!
Gold short orders are profitable again
Today, as I expected, gold rebounded and shorted, making continuous profits!
Friends, the market fluctuates very quickly. Keep up with me actively. In the right direction, fools can make money.
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold rebounded and continued to short
The triple top of the gold cycle and monthly line continues to suppress gold, and the 1-hour downward trend also suppresses gold. Gold's rebound in the past two days has been very weak, and there is no sign of reversal, and the bears will be carried out to the end.
After each wave of market conditions, the successful gain joy, profit, and experience, while the losers gain sorrow, loss, and lesson.The same market, the same time, different results, which one do you belong to?The direction is right, not afraid of the long road, use time to witness strength, use strength to win the future, let trust become profit, and use profit to relieve doubts.
Trading straregy:
gold: sell@1985 tp:1970-1965
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold rebounded and shorted
Gold has been profitable for three consecutive days, and today gold rebounded and shorted
The golden cycle has a triple top, the 1-hour downward trend line is suppressed, and the moving average bears are running dead ends. There is no sign of reversal, so we continue to be bearish
Trading straregy
gold: sell@1965 tp:1950-1945
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold continues to be shorted
In the previous article, I will analyze for you that today's market is basically the same as the current trend. At present, we only need to wait for a suitable opportunity to enter the market. Radical friends can short in advance. At present, 1980 is still a stable support line. Although it has fallen many times, it has not broken through. At present, gold is mainly shorted after breaking through 2000.
Trading strategy:
gold:sell@1990-1995 tp1980-1975
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
GOLD: Market stability before news!Fundamental Overview
Politicians, government officials, and central bankers in the United States have not been responsible with their use of the world's reserve currency. Instead of being financially wise, they have recklessly increased the amount of debt owed to other countries. These countries are starting to realize that they may not receive payment in honest currency, but instead in rapidly depreciating Federal Reserve notes. As a result, foreign central banks are buying more gold than ever before, as they can see what is coming. It is important for individual investors to take note of this situation and protect themselves from a potential currency crisis.
Plan trade in the intro
5/11 Gold Trading Signals: Bears
Friends, have a nice day, hope everyone can make a lot of money!
In the gold 4h chart, the form is favorable for short positions, so in today's and tomorrow's transactions, try to focus on shorting at high positions, which can increase the probability of everyone's profit!
Focus on resistance 2026-2032, support near 2016, and after falling below, the target is near 2003.
I hope my suggestions can bring you some help and let you make money!
GOLD: SELLER'S POSITIONFundamental Overview
Gold prices reached a peak of 2,048.14 per troy ounce after the US inflation data announcement. However, they are currently trading in the 2,025 range. The XAU/USD rose due to the 4.9% YoY increase in the US Consumer Price Index (CPI) in April, which was slightly lower than the expected 5%. Inflation remains high in the largest economy globally, but it has been decreasing since mid-2022's record highs.
Plan trade in the intro
GOLD: Return of the BEAR faction!Fundamental Overview
The price of gold is holding steady around the $2,020 mark, but it's not making any significant gains due to the strengthening of the US Dollar. Investors are eagerly waiting for the Consumer Price Index (CPI) data to be released on Wednesday, as it will have a significant impact on the US Federal Reserve's interest rate decisions.
Bigbank's prediction for tomorrow's inflation data remains the same. However, due to the positive Non-Farm payroll data, it is possible that the market anticipates a slight rise in CPI. Overall, there are numerous job opportunities available, people are employed, and incomes continue to grow.
Plan SELL in the intro!
GOLD: New position!Fundamental Overview
The value of gold, specifically in relation to the US dollar, has slightly decreased after reaching an all-time high. This can be attributed to a temporary pause in the bullish trend, as investors wait for the release of the important US Nonfarm Payrolls data.
The Fed has given an indication that they may halt their increase of interest rates after raising them to their highest level since 2007. This aligns with the cautious comments made by Fed Chairman Jerome Powell, who believes the current monetary policy is restrictive enough to have an impact on the US Dollar and boost the price of Gold.
On Thursday, the US market experienced a mix of data that boosted the price of Gold. This was further strengthened by the market's anticipation of the Fed raising interest rates in September 2023. However, there are concerns among XAU/USD traders about potential banking issues and the expiration of the debt ceiling.
On the other hand, the weaker PMI numbers in China and the possibility of the US jobs report falling short of expectations, despite the positive early indications, suggest that those looking to sell gold may have an opportunity.
Looking ahead, it will be crucial to keep an eye on the April US jobs report's monthly releases for clear guidance.
Signals free in the Signature ♥
Gold returns to a high level, what to do next
Everyone has seen the market in the past few days. In fact, it is not very easy to operate. All kinds of news are pervasive and data-intensive. For trend operators, it is actually difficult to follow recently. Gold breaks through new highs, and the Dayang line continues to rise. Trend operations must continue to fall and go long. However, gold fell directly again. The most complicated situation is that gold rises in a straight line and falls in a straight line. If you don’t enter the market in advance, it is basically difficult to have a chance to enter the market. There is no pullback when it rises, and no rebound when it falls. This kind of market is actually relatively rare. After all, it has reached a record high, so it can be regarded as a historic moment. It is not surprising that the market is complicated. The past has become history, we can only sum up experience and lessons from history, and not indulge in the past, the market is current, the past can only be used as a reference, sum up experience and lessons, correct in time, and continue to move forward. What matters is how to proceed next?
The market did not continue after the new high of gold, the bulls were frustrated at the high level, and the weekly line continued the triple top structure. The daily line directly fell below the previous support area and fell below 2000. Gold fluctuated straight up and down by 80 US dollars in two days. The current market is concerned about the resistance of 2020 at the beginning of next week. If 2020 cannot be broken, then the rebound of gold is a very weak market, and gold will fall sharply. Triple top, the decline can be imagined. If gold still has an upward trend in the short term in 2020, it will rebound to 2030. It's just that the rebound is slightly stronger, and then it turns into a shock and decline. On weekends, the news will be consolidated, and everything will be decided after the opening of the market on Monday, which of these two positions is vacant.
For most people, it may be more suitable to operate in a volatile decline, because there is still a chance to make up for it. If it falls directly, then most people may only have one chance to operate, and there will be no chance to follow up when it is out, and they may even start buying bottoms against the trend. Then it kept falling, which was really uncomfortable. Shocking decline, even if someone makes a small bottom, there may still be a chance to come out, which is easy for most people to operate. So if it can't go to 2020 next week, then the probability of gold falling negatively and then accelerating its decline will increase greatly. Let's work hard next week. The past week has passed, and the new week is coming. Don't miss the past, let's carry on the past and open up the future.
Next week's operation idea
Gold is empty at 2030, stop loss at 2040, target 1990-1970.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
GOLD: Nice position for buyers!Fundamental Overview
Last week, the United States released its Advance Gross Domestic Product (GDP) report which showed slower growth than expected in the world's largest economy. China's official Manufacturing Purchasing Managers' Index (PMI) also declined in April, while Japan's factory activity contracted for the sixth consecutive month. These economic indicators are contributing to recession fears globally. However, there are speculations that the US central bank will hold rates steady for the rest of the year, which may limit the downside for the Gold price for now. As a result, traders may refrain from making aggressive bearish bets before key central bank events on Wednesday and Thursday.
Gold is expected to return to an uptrend
Plan trade in the intro ♥
GOLD: Return of the Bears!Gold Price Forecround 2,000$, eyes on US Core PCE Price Indexast: XAU/USD bull-bear tug-of-extends a
On Friday morning, the price of gold is stagnant and hasn't been able to stay above 2000$ due to the recent increase in the value of the US dollar. The focus now shifts to the US Federal Reserve's Core Personal Consumption Expenditures (PCE) - Price Index, which is their preferred measure of inflation, to determine the future direction of the gold price.
Plan trade in the intro
Barrick: Dig Deeper! ⛏Barrick still has got heaps of digging operations to do. The share should continue the downwards movement it has started from the last high of wave (iv) in blue and drop below the support line at $12.65. Thereupon, Barrick should enter the yellow zone between $11.97 and $6.32 to develop wave (2) in yellow, whose low should then complete the overarching downwards trend and thus initiate fresh upwards movement. However, there is a 35% chance that Barrick could turn northwards earlier, climbing above the resistance at $22.80. In that case, the share should proceed and rise above $26.07 and $31.22 as well.
GOLD: CB Consumer Confidence!Fundamental Overview
On Monday, the US Dollar experienced a significant drop as sellers took over after a brief dip on Friday. This happened as the US Treasury bond yields decreased across the curve. The 10-year US Treasury bond yields fell by eight basis points, marking the largest single-day decline since March. Additionally, the 10-year US rates dropped below the 3.50% level once again.
The markets have reassessed their expectations for a potential rate hike by the US Federal Reserve (Fed). It is anticipated that the Fed will take a break after the 25 basis points hike in May. There are indications that the central bank may reduce rates in July, which would result in the year ending below 4.50%. Additionally, concerns surrounding the ongoing drama over the US debt ceiling have led to investors seeking safe haven in US government bonds. This has led to a decline in US Treasury bond yields and the US Dollar.
Will gold eventually fall to 1936?Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped reversal at the low level.
Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.This undoubtedly increases the difficulty for us in short-term gold trading, so we must set the pace in trading.
Regarding the current gold market, a new volatility range has been formed in a short period of time. Before the direction of gold is chosen, I think gold will continue to fluctuate within the range. Once the long and short direction is determined on the fundamentals, gold may have a trend behavior.Judging from the current market situation, gold is still running short, and only when there is a complete stop-fall signal can there be a continued upward trend.
Then in the short-term operation, first observe the defensive situation of the 1980 first line below, and it is best to choose to sell gold after the gold rebounds; during the period, you can buy gold in small batches at strong support levels in a timely manner.
For the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it is a friend whose trading order is blocked or a friend who has recently lost money in a row, you can enter my channel through the link below.I have the real strength to help you solve the problem or satisfy your desire to make money. Welcome everyone to visit the channel!