News affecting gold pricesNews:
Russia's nighttime attack damaged port infrastructure in the Odessa region of Ukraine.
Russian troops occupied Zelenpo and Dachne in eastern Ukraine.
In the past day, the Russian army lost about 1,200 soldiers, as well as 17 tanks, 16 armored personnel carriers and 81 artillery systems and other equipment.
Geopolitics is continuing to heat up, and gold prices are expected to continue to rise next week.
Viewpoint
The market is in a volatile range.
It is expected to show an upward trend in the next trading cycle.
Keep an eye on the subsequent sharing of views
Goldoz
527 PIPS GOING STRONG! Where will Gold go Next?FOREXCOM:XAUUSD
527 Pips PROFIT since I last shared my thoughts here.
Referring my previous analysis regarding the failure of price closing above the order block immediately after sweeping liquidity, a strong move on Monday has shown that the previous swing low of the 4h uptrend will most likely be broken, signaling a potential short-term downtrend.
Where will price go next?
Looking down on the immediate left on the 4H timeframe, we can see two order blocks that were points of origin of an impulsive move.
Which one will price react to?
As trading is an art of analyzing probabilities, price has the potential to bounce directly on the first order block. However, what's most likely will happen is a Support will form on the first order block. When buyers have started to enter their positions, price will most likely make an impulsive move to the order block immediately below it, sweeping the liquidity, reversing, and ending the move downwards.
Is this confirmed?
No, but I will love to share my thoughts with everyone here as price comes close to the levels mentioned.
Who am I?
My name is Sya, a trader for 8 years now, and I share my knowledge about trading for free as I believe everyone should have access to education.
GOLD Every Rise Has Its Sunset- From 2000 to today, gold has surged by an impressive 1000%, a remarkable performance for the world's leading asset.
- Keep in mind, every ascent is bound to face a descent someday.
- I’ll skip the deep dive into politics and fundamentals, but the picture is clear: with Trump winning the election, peace could make a comeback. Gold typically rises when fears of war spike, but as those fears ease, its value tends to drop.
- As always, the chart tells the story. Take a look at the Fibonacci levels— a prime buying opportunity is likely to emerge in the $1200 to $800 range.
- i will post in comments my older Gold Analysis.
Happy Tr4Ding !
Gold Breakout and Retest StrategyRecent Breakout: Gold has already broken through a strong resistance level and moved significantly higher.
Pullback Scenario: Now, I’m watching for a potential pullback where the price could retest the new support level, which was the previous resistance.
Bounce Opportunity: If the price successfully retests and holds the new support, we could see a bounce, providing a good entry point for a long position.
Confirmation: Wait for signs of bullish momentum or candlestick patterns (e.g., bullish engulfing, hammer) at the support level to confirm the bounce before entering the trade.
Risk Management: A stop-loss can be placed just below the new support to protect against a failed retest or further decline.
8.15 Gold Trend AnalysisThe newly released industrial unemployment claims and retail sales did not meet expectations, which led to a significant negative impact on gold. Gold fell from 2469 to 2450 in an instant. This also happened to apply the short-selling stop-profit signal I sent in the group to be set at 2450.
In the data released in the past two days, gold has been mainly shorted, which also happened to be in line with the predictions of me and my team
In the future, I will also release the latest news every day. I hope everyone will pay more attention to the comments
I wish everyone can make their own profits in the market
If you have order losses and are not familiar with the market, please pay attention to me
💡 GOLD: Analysis May 9Gold fell for the second day in a row, but selling pressure continued to be as weak as the previous day, because yesterday's bar D1 had a narrow range, even narrower than the previous falling bar D1. Structurally, Gold D1 continues to move inside the Inside bar pattern, reflecting a state of cumulative price compression, and remains within the larger Inside bar and large price range. Gold D1's trend is more inclined to increase in price.
After touching the border on the H1 price frame, H1 Gold is adjusting down, however the selling pressure is not strong because the adjustment span is not steep and has large fluctuations. The scenario for buying Gold is still the dominant one today, the best option is to buy when the price breaks out to the top and then retest, otherwise you can "fish for the bottom" with the buying zone being the margin below the price frame.
💡H1 trend: Gold moves sideways.
💡Today's trading idea: Buy Gold.
💡 GOLD: Analysis May 8Gold price adjusted slightly down in the past session, unable to break the previous peak around 2330. The situation has not yet had any notable changes, we can still keep the current comments, temporarily divided into two cases. Case:
First, if the price breaks below 2280, the price may follow the previously formed two-peak reversal pattern, towards the 2200 mark, at which point you can consider opening additional short positions;
Second, if the price breaks above 2330, the price is likely to continue to correct upward, existing short positions need to be closed, then attention should be paid to the 2360 level, buyers may return to the market if resistance is reached. This is broken.
💡 GOLD: Analysis May 7After being rejected at the 2280 support zone, the price recovered quite strongly in the past session, breaking the triangle pattern and testing the 2320 resistance level. However, this move has not significantly changed the situation. form where the higher peak has not yet been established. Still keeping the old comment, we temporarily divide it into two cases:
Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order;
Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
💡 GOLD: Narrow the marginThe price retested the 2280 resistance level again in the last session but could not break this resistance level. The price is currently being compressed at the end of the triangle pattern. Please pay close attention to the next price behavior. . We temporarily divide into two cases:
Firstly, if the price breaks below 2280, the price may follow the previously formed double top reversal pattern, towards the 2200 mark, at which point you can consider adding short positions outside of existing sell order;
Second, if the price breaks above the triangle pattern, which confirms the possibility of returning to the uptrend, we need to close existing short positions, paying attention to the 2360 level, buyers can return to the market. market if this resistance level is broken.
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.
Gold will continue to riseGold market analysis
Two trading days gold 2038 directly rose to 2119, this is not a normal regular market, such a unilateral rise in the no top signal before we do not guess what the top in the top, 2119 cycle is not the top, but the short term early step back on the 1 hour chart has shown that it is a small top of the horizon, today's big trend bullish, Short term to see high repair, there has been no rising market, increased the need for a repair adjustment, note that only technical adjustment, the big cycle of bulls will not change at least this week, more is the main course, we expect this wave of bulls trend will adhere to the non-farm employment data to see if it can change.
Today, we are concerned about the suppression of 2119 back, back to the limit is 2088, but the current strength is difficult to go to this position, small support in 2100, this position is the integer threshold, will also be the main battlefield of the late long and short game, today's position of the long counterattack is 2100 and 2088
You can contact me for specific gold trading signals
Gold will still rise today! 2050Yesterday we tip 1981 Buy near! 2003 Profit The exit captured a profit of $22
Although missed part of the profit! But who is sure to capture all the profits?
As long as the market exists, our profits can be continuous!
Yesterday, gold was affected by the Federal Reserve's interest rate cut expectations next year, the daily sun pulled up, and the short-term trend entered adjustment.
Today, gold has been at a high level sideways, and there is no impetus to adjust, and the probability of breaking through the 2041 pressure level is greater
Then it is recommended to do long near 2032 in the evening, stop loss 2024, and target 2050!
💡 GOLD: Momentum dropped sharplyThis week holds significant importance for the Gold market as the FED's hawkish policy may exert downward pressure, given the recent drop in gold prices. Last week, gold reached a historic high of approximately $2,150 but subsequently tested the critical support level at $2,000 following the release of non-farm data. The Gold market's volatility has surpassed $140, marking the highest volatility since mid-August 2020.
Observing the aftermath of the US non-farm data release, gold experienced a notable decline and dipped below the 48-hour moving average. The MACD histogram's double line and bar are expanding below the 0 axis. Analyzing the H4 chart for gold, the technical recovery trend of the price appears relatively weak.
-> A useful strategy is to set a Sell Limit, stop loss is mandatory.
💡GOLDOZ: It's on a steep declineGold prices retraced after testing the resistance level at 1960, further validating earlier signals of a potential reversal. Today, several exchanges observed dips below the 1920 region. Upon inspection, I noticed that the FTMO fund also experienced this dip, but it wasn't reflected in the charts from Forex.com and OANDA. Despite acknowledging this anomaly, we choose not to factor it into our analysis at the moment.
As of now, our short positions remain active, and the overall market conditions still favor our strategy. It is advisable to maintain current positions, with the short-term target remaining around 1900. To mitigate risks, you may contemplate adjusting the stop-loss (SL).
💡 GOLD: Gold has not yet broken the above resistanceWhile the price of D1 gold saw an increase yesterday, putting an end to its three-day losing streak, the resulting price bar displayed an upward trend with a limited range. It closed with a 1/2 upper shadow, indicating that the buying force in the lower range remains relatively weak compared to the downward pressure from above. The daily structure of gold on D1 appears to be in a sideways pattern, leaning more towards a potential price increase.
On the H1 timeframe, gold has recently experienced a robust upward movement, although it has yet to breach the crucial upper resistance zone. Currently, the primary trend for H1 gold suggests a cautious approach, with an inclination to wait for a selling opportunity at the resistance above. Traders may consider a shift to buying only if this resistance is successfully breached and subsequently retested.
💡GOLDOZ: Anxiously waiting for NonfarmThe positive sentiment in the stock market is a significant obstacle for gold prices. Conversely, declining US Treasury yields, a weakening US dollar, and the expectation that the Federal Reserve will not raise interest rates further could support an increase in gold prices. Furthermore, the ongoing conflict between Israel and Hamas and global economic conditions are factors that favor a bullish outlook for safe-haven gold.
Gold appears poised to continue its recent recovery and gain momentum on Thursday. Additionally, the MACD histogram and double line on the H4 chart seem to be forming a double bottom. Although higher interest rates can negatively impact gold due to increased opportunity costs, some investors may still choose to hold gold as a hedge against uncertainty.
💡 XAUUSD: Next predictionGold saw an increase in value yesterday, but it formed a Spinning Top candlestick pattern. This pattern, known as a Spinning Top, indicates a balance between supply and demand throughout the trading day. The D1 candle closed above the upper boundary, possibly signaling an overbought situation, which could lead to a potential downward correction. Additionally, there is a significant resistance zone above, comprising the psychological level of 2000 and a previous peak. Given the overbought conditions, it is not advisable to pursue buying opportunities at this moment.
On the H1 chart, gold is currently testing the resistance represented by the previous peak. Considering the overbought conditions on the D1 timeframe and the confluence of resistance levels, it is prudent to exercise caution when considering buying or chasing the price higher on the H1 chart. It may be more reasonable to wait for a potential price decrease before considering a buying strategy.
💡 GOLDOZ: Sellers are now in a better position💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold
💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but failed.
💡Almost like an upside-down V-shaped reversal for H1 gold after the price first swept to the bottom and then pulled back up, forming a false break - creating a bear trap.
💡 GBPUSD: Failed to break the block, turned back down💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest rates to bring inflation down to an acceptable level.
💡 We can see that GBP/USD attempted a breakout but failed due to strong resistance from the 48-hour moving average on the H4 chart. On the other hand, the MACD double line and histogram bar are moving below the zero axis, which is a sign of a continued downtrend.