Gold prices remain bullish. Available to buy now
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue.
Today’s trading target remains at 2186-2190. Mainly buy low.
Radical friends can do so at a location near 2177.
Friends who don’t want to take risks can proceed below 2175
Control risk when trading.
Goldmining
XAUUSD: 14/5 Gold fluctuates in a wide rangeGold technical analysis
Daily resistance 2361-2400, support below 2327-19
Four-hour resistance is 2345-65, support below is 2327-19
Gold operation advice: Yesterday, gold technology faced a unilateral decline. The Asian and European markets rebounded slightly and were under pressure. The 2364 mark continued to fluctuate downwards and weakened, and then further accelerated downwards and broke through the 2350 mark to reach a stable rebound near 2338. In the end, the U.S. market rebounded for the second time and came under pressure at the 2349 mark, which further fell to a new low and closed at a new low. After a strong rise in the two trading days of last Thursday and Friday, the overall price once again ushered in a suppressed fall and closed. In the short term, it still showed a wide range of long and short shocks. Running below 2378 still sees suppression and shock finishing
Judging from the current market trend, short-term resistance at the top is focused on yesterday's hourly opening near 2345-47, and strong support at 2327 and 2320 at the bottom. The short-term watershed between long and short strength will focus on 2320. Until the daily level falls below this position, the low-price long rhythm will remain unchanged.
BUY:2327near SL:2324
BUY:2320near SL:2315
SELL:2365near SL:2370
Technical analysis only provides trading direction!
Above 2300 is bullish, below it is bearishGold technical analysis
Daily resistance is 2320-26, support below is 2300-2293
Four-hour resistance 2320-26, support below 2300-2280
Gold operation advice: Gold once again had a range-bound market trend yesterday. Judging from the current trend, today gold will focus on the upper resistance at 2320-26, and the lower support at 2305-2300. This is also the dividing line between gold's long and short strength. Wait patiently for key points to enter the market.
SELL:2300 near SL:2305
BUY:2305 near SL:2300
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XAUUSD: 3/5 Today’s Market Analysis and StrategyIn the Asian market on Friday, gold traded sideways at the important 2300 mark; on Thursday, the price of gold staged a rebound of over US$20 during the NY session. The U.S. dollar index fell sharply from its intraday high of 105.90, which provided gold prices with rebound momentum. In addition, tensions in the Middle East also attracted some safe-haven buying. Benchmark 10-year Treasury yields erased daily losses after the U.S. data, sending gold prices lower ahead of Friday's U.S. jobs data.
Gold prices held firm at the 2,300 mark during the North American session on Thursday amid upbeat market sentiment, falling U.S. Treasury yields and a weaker dollar. Traders are still digesting comments from Federal Reserve Chairman Jerome Powell on Wednesday and the U.S. central bank's decision to keep interest rates on hold. At the same time, data showed that the U.S. trade deficit narrowed slightly and the labor market remained tight. Market participants expect the Fed to take a tougher stance but remain neutral. The central bank issued a neutral monetary policy statement and announced that it would slow down the pace of its quantitative tightening (QT) program.
Investors are beginning to focus on preparations for the U.S. non-farm payrolls report for April on Friday. The market expects that the U.S. will add 243,000 new jobs in April. Although it is not as good as the 303,000 jobs in March, the increase is still large. Average earnings are expected to rise 0.3%, the same as March's gain, according to a survey.
Technical
Gold first fell and then rose on Thursday, basically falling back to its starting point on Wednesday. Although it did not go unilaterally, it was overall weak. US gold rose at the support point of the 2285-day Bollinger Band, with a maximum around 2309. Recovered some of the falling space. Judging from the current closing line, gold tends to fluctuate in the H4 cycle. The daily rise will still take time or require the impact of non-agricultural data. The range that can be seen in Asia and Europe is 2315~2295. The US market is optimistic about gold rising under the influence of non-agricultural data. , above the high of 2340.
Asian market analysis
1H resistance is 2310, support below is 2296
4H resistance is 2326, support below is 2285
Daily resistance is 2347, support below is 2267
✅Asian market strategy:
BUY:2285~2288 SL:2276
SELL:2318~2324 SL:2328
Asian market strategy NY time is invalid
XAUUSD: 2/5 Prioritize long positions at low prices todayIn the Asian market on Thursday, gold fluctuated within a narrow range and is currently trading at 2320, holding on to most of the overnight gains. After the Federal Reserve kept interest rates unchanged for the sixth time and announced that it would slow down the pace of balance sheet reduction, the price of gold rose sharply above the 2300 milestone and once reached a daily high of 2328. In addition, Federal Reserve Chairman Jerome Powell failed to provide forward guidance on interest rate cuts for the remainder of this year. Affected by this, the U.S. dollar index fell sharply and gold soared nearly $33.
In terms of data, U.S. private employment (ADP) increased more than expected in April, suggesting that the labor market maintains momentum at the beginning of the second quarter. However, job vacancies in the United States fell to the lowest level in three years in March, and the number of resignations fell. These signs indicate that labor market conditions have loosened. The U.S. ISM manufacturing PMI fell back in April, which also provided support for gold.
In addition, the ongoing war in the Middle East has also provided support for gold prices. The Israel Defense Forces stated on May 1 that Israel dispatched fighter jets to conduct air strikes on multiple military targets of the Palestinian Islamic Resistance Movement (Hamas) and the Palestinian Islamic Jihad (Jihad) in the Gaza Strip, including weapons depots, military buildings, and rockets. bomb and mortar launching points, etc.
This trading day will release changes in the number of initial jobless claims in the U.S., the U.S. trade balance in March, the number of layoffs by challenger companies in the U.S. in April, and the monthly rate of U.S. factory orders in March. Investors need to focus on this. In addition, pay attention to the announcements from Federal Reserve officials. speech.
Technical
Gold's daily sun ended strongly. Under the influence of data, gold bulls formed a second surge in volume yesterday. The current daily chart is close to the MA10 daily moving average of 2328, and the closing price in New York stands above the MA5 daily moving average of 2320. The daily structure is idle and multi-form! The short-period four-hour chart is back on the middle track of the Bollinger Bands, the RSI indicator is running above the central axis, and the moving average system low of 2300 forms a golden cross opening upward. The trading idea remains low and long, supplemented by high altitude.
Asian market analysis
1H resistance is 2336, support below is 2313
4H resistance is 2343, support below is 2300
Daily resistance is 2355, support below is 2289
✅Asian market strategy:
BUY:2303~2305 SL:2295
SELL:2338~2340 SL:2350
Asian market strategy NY time is invalid
XAUUSD: 24/4 Today’s Analysis and StrategySpot gold technical analysis
Daily resistance is 2350, support below is 2320-2300
Four-hour resistance is 2334-64, square support is 2320-2300
Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of sharp rise. Gold began its two-day decline. Although yesterday's decline was completely swallowed up by the US market, it also allowed the market to see the willingness of short sellers to attack. The current key pressure and watershed above gold remains at yesterday's high point of 2335. This position will also serve as an important suppression in the short term. If gold continues to fall in the later period, the withdrawal amplitude should not exceed this position. At most, it will only form a certain false puncture effect.
Judging from the current trend, the top will focus on the 2335 line for short-term suppression, and the bottom will focus on the 2320-2300 line for short-term support. In terms of operation, it will be short on the rebound. If the price does not break 2320, rely on the 20 position to go long, and keep trading with the trend.
BUY:2318-2023
SEL:2330-2335
SELL:2309-2013
Technical analysis only provides trading direction!
XAUUSD: 11/4 Today’s Analysis and Strategy, Gold FallGold market analysis:
Daily resistance is 2366, support below is 2300-2280
Four hours 2344-37, support below 2300
Gold operation advice: Judging from the current trend, the lower support today will focus on 2320. After falling below, look towards the 2300 area. The upper pressure is 2350 and the 2358-60 area. Continue to rely on this range for sales during the day.
SELL:near 2344
SELL:near 2320
BUY:near 2300
Gold prices will return to highs again. Buy gold nowLast night, the price of gold broke through a new high again, reaching the 2287 line. As expected last night. Then it continued to fluctuate until the European market opened because prices were on the higher side. Gold made a technical repair after the start of the European session. The price of gold plummeted by about $20 from 2287. The current price is 2268.
News: Risk aversion caused by the war in Gaza continues to ferment. Short-term bulls are still strong. gold. Dollar. as a hedging product. They all continue to attack.
Trend: Overall, buying at low prices is still the main trend. It is not difficult to see from the above picture that the short-term repair is only for a day. The general cyclical trend is still upward. From an hourly perspective, the current support position for technical repair is located at the 2259-2264 line. Combined with MA technical indicators, there is a certain pressure for long-short conversion at 2270. Once the 2270 position is established, it will inevitably rebound within the day.
During the day, buying is still the main focus. Today we focus on the impact of the announcement of ADP news. On Friday, we need to focus on the release of (U.S. non-farm payrolls after seasonally adjusted March).
trade:
Gold price is at 2263-2268 to buy
tp2283-2287
SL2254
Pay attention to controlling risks and positions during operation. Stay concerned.
Sell gold and wait for a sharp decline.
The price of gold is too high for the market price. A pullback is needed to get the market moving higher again. And I was the one who sold gold at high levels.
2158-2163 sell gold
tp2243-2248
sl2270
I will continue to update if there are opportunities to continue buying in the future. Stay concerned.
XAUUSD: 28/3 Today’s Analysis and StrategyGold suddenly fell rapidly in the short term on Thursday, with the London gold price just falling below $2,190. Governor Waller, who has been the recent benchmark for Fed policy, said late Wednesday local time that he believed there should be no rush to cut interest rates after inflation data strengthened in the first two months of this year. Stimulated by Waller's latest remarks, the U.S. dollar index continued to rise in the short term, which put pressure on spot gold to decline.
The yen fell sharply to its lowest level since 1990, before rebounding sharply after Japanese officials met to discuss market conditions and signaled preparations for intervention. Spot gold prices climbed sharply by $16 on Wednesday as investors awaited key U.S. inflation data later this week, which could provide more clues on the Federal Reserve's policy path.
Investors are now awaiting key U.S. inflation data later this week, which could provide more clues on the Fed's policy path. This trading day will also see changes in the number of initial jobless claims in the United States, the final value of the fourth quarter GDP of the United States, and the final value of the University of Michigan Consumer Confidence Index in March.
Gold technical analysis
Daily resistance is 2250, support below is 2177-2145
Four-hour resistance is 2200, support below is 2150
Gold operation suggestions:
Judging from the daily analysis, today's support at the bottom will focus on 2178, and the pressure at the top will be 2200-2210. Today, we will rely on this range to sell high and buy low. The watershed between short-term long and short strength is 2170. Only if the daily level closes below this level will the downward adjustment space be opened. Otherwise, time will continue to be exchanged for space and the oscillations in the long and short range will continue.
SELL:near 2210
SELL:near 2178
Technical analysis only provides trading direction!
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut.
The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies.
At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest.
Gold technical analysis
Daily resistance is 2053, lower support is 2015
Four-hour resistance 2053, lower support 2038-26
✅Gold operation suggestions:
Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range.
Pay attention to the dividing line between long and short in 2038
SELL:near 2053
SELL:near 2038
BUY:near 2038
Technical analysis only provides trading direction!
XAUUSD: 30/1 Today’s Analysis and Trading StrategyDaily pressure 2040-2053, lower support 2000-1966
Four-hour pressure is 2040, support below is 2020
One-hour pressure is 2040, support below is 2032
Operational suggestions: Although bulls currently have an upward trend, they still encounter resistance after all and have not achieved substantial results. The upper pressure in the short term remains at 2040-43, which is also a key point during the day. The support below will remain at the integer level of 2000. If the daily level is above 2040, the bulls are strong but it does not mean that the bulls will break out. Above the 2053 mark, the market will turn bullish.
SELL:near 2050
SELL:near 2040
SELL:near 2020
BUY:near 2000
Technical analysis only provides trading direction!
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.
SSRM: Interesting valuation and chartSSR Mining has a very interesting setup here, both a quarterly and also a daily signal warrant a long entry here. If the quarterly signal pans out, initially we'd target $16.50 by Q4 2020, but eventually, this could make price trigger further quarterly confirmation for bulls, potentially pushing price to even higher levels, circa 28.31.
Free cash flow is an important metric in the mining business, and in the case of $SSRM, it is at a very healthy levels relative to the market cap. This allows them to have sufficient leeway to pay workers (and avoid the problems with the work force South African miners had recently, for instance), expand into new projects and maintain their currently exploited mines, among others.
Going back to the technicals at play, the current correction in the daily timeframe and reaction to quarterly support paves the way for a very high reward to risk long trade. There's a few different ways to decide on a stop loss distance and position sizing, but in general, for equities I try to give them enough room for the trade idea to pan out favorably, before being forced to bail on a trade or being stopped out prematurely.
Best of luck,
Ivan Labrie.
Kinross Gold - 6:1 Long w/ Multiple ConfluencesThe weekly KGC price chart looks juicy for swing traders and position players, or anyone in search of quicker gold-correlated returns than the metal itself offers (+/- 25%).
As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception.
My trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION.
This chart was developed on the 1D frame and the entry was made on the hourly, and is here presented in the 1W version to accentuate the Trend Exhaustion Wedge w/in the Fib Space as fully as possible, albeit w/ some loss of detail.
In fact, I generally prefer to trade on lower timeframes, so I execute swing trades like this one directly via my bank, in lieu of a savings account (which is NOT financial advice, by the way). Furthermore, a tighter Stop Loss at $4.71 (instead of the $4.64 shown here) offers a 9:1 Risk-to-Reward ratio.
When it comes to most mining stocks, I tend to rely on pure price action based on tight line-work, with a minimum of indicators. Besides the obvious Harmonic W, a variety of patterns are on display here, including a descending Three Drives followed by an ascending version.
The profit and retracement targets are passively based on Fibonacci ratios, and dynamically based on the VWAPs anchored at the C-point of the harmonic pattern. A volume profile is also anchored there, although it will become less valuable over time on the 1D chart, and is already invisible on hourly charts.
One indicator worth noting, though, is the correlation histogram with First Majestic Silver; the periods of divergence should be especially interesting to lower timeframe prospectors. In fact, especially when I look at mining charts, I prefer to study their correlation either to the underlying asset or, better yet, to some other lesser-correlated asset in the same "genre".
I will discuss both Kinross Gold and First Majestic Silver in forthcoming videos and streams on strategic and/or monetary metals. This will give you an opportunity to see what these charts look like on lower timeframes, and to ask questions.
Until then, be liquid !!!
Gold trend analysis
The role of the Federal Reserve is to keep plundering global wealth, so the U.S. dollar must fluctuate at a high level, at least it cannot collapse and depreciate, so the interest rate hike is suspended, the balance sheet is still shrinking, and the high interest rate is still there. After yesterday’s decline in gold, the current pressure has moved down to the 1905 area. Basically, after breaking through 1940, the support in the densely traded area below is the 1865 position, of course there is a 1880 in the middle
trading signal:
sell 1898-1896 tp1888-1883
Share free trading signals every day, if you need, please join me
Gold: Gold US market 1960 dry air
The market is always full of surprises, which increases uncertainty, but this is also the charm of the market. I believe that everyone has no objection to the bearish view of gold technology today, and it makes the bears uncomfortable, but since the overall position is still short, it is better to give a better point to go short. The gold US market data soared to 1960 and directly went short, and gold fell to make a profit harvest.
Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
Gold trading recommendations for
The triple top on the gold weekly chart continues to suppress gold. The daily line is now a positive line, and it is not that kind of big positive line. For the time being, it can only be regarded as a rebound. This wave of gold daily market has gone through five waves of rise, and now it is a big C wave adjustment of ABC adjustment. Is wave C now over? The gold daily line has not even broken through the downward trend line, and the trend line resistance is around 1930. Before it effectively breaks through 1930, we will continue to look at the daily short line, during the decline of the big C wave.
For the time being, gold can see signs of continued rebound in 1 hour, and there is an upward trend line support around 1910, but the daily downward trend line resistance is 1930, and 1930 is an area that has formed resistance many times in the early stage, and no effective upward reversal has been formed. So now 1930 is still very important in the short term. At the beginning of next week, you can sell high and buy low in the 1910-1930 range.
Trading inevitably requires luck in some places and times, but in the long run, good luck and bad luck will balance out. If you want to last for a long time, you must rely on skills and use good principles. How far a person can go depends on who he walks with; how good a person is depends on what kind of friends he has around him; how much a person can achieve depends on who guides him.
Trading strategy for next week:
gold: sell@1930 tp:1910
buy@1910 tp:1930
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!
Technical analysis of gold, how to operate the US market?Looking at gold on the daily line, the relative strength index (RSI) fell to 40, reflecting a bearish bias in the near-term outlook. Gold may face strong resistance at 1940, which is the confluence of the downtrend line and the 100-day moving average. Looking at gold from the 4-hour line, with the relative strength index (RSI) line at 14 recovering from the overbought area, gold prices are approaching the support line from a month ago. A looming bullish crossover on the moving average convergence and divergence (MACD) indicator added strength to gold's corrective rally. On the whole, it is recommended to rebound and short in the evening gold operation!
Gold evening operation strategy:
Empty order strategy: It is recommended to go short at 1932-1934, stop loss at 1941, and target around 1918;
Multi-single strategy: It is recommended to go long at 1918-1916, stop loss at 1910, and target around 1930
Detailed daily trading signals can contact me to get! I wish you all a great and profitable new week