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
Goldpreis
WOULD YOU BUY OR SELL FROM ($2027-$2032)?The technical analysis suggests a bearish trend with $2026 - $2030 yet shows as a strong Resistance .However ,the current price action continuously trying to shatter the $2017.72
2020.16 pivots points for completion of first bearish cycle moreover,$2025.21
-$2027.82 are the R1 &rR2 points which are meant to be tested if gold makes a reverse tail to shows some fake trend changing candles. Furthermore, the $2005-$2008 are expected to achieved with in the next session. Consequently DX shows some other moves as the recent NFP pullback was unexpected but i was an instant reverse for refiling Non commercials .
This outlook is contingent on the U.S. Dollar (DX) experiencing a relief rally.(Commentary)
Friday: Gold is in a downward channelOn Thursday, U.S. ADP data came in much stronger than expected. The good data has brought new confidence to the U.S. economy and also caused a huge impact on the precious metals market. This month's NFP will be announced in the day, which will also be the highlight of today. Before the data is released, it is expected that gold will not fluctuate too much during the day, and more sideways shocks await the release of evening data. From a technical point of view, the daily line closed a small positive bar yesterday, the Bollinger Bands opened, and the KDJ indicator crosses and increases volume. At present, the general trend is upward, and the midline is rising in stages. From the 4-hour chart, the Bollinger Bands are opening, and the KDJ indicator is golden cross with heavy volume. In the hourly chart, the Bollinger Bands have begun to open, and the KDJ indicator has increased its golden cross. Yesterday, the price still mainly rebounded and corrected, with the lowest reaching the 2036 line, the third support level we gave. Today, we will focus on the upward shock. The upper pressure will focus on the 2050-2060 line, and the lower level will focus on the 2040-2030 support.
Personal suggestion: go long on callbacks; dividing line: 2040
Strategy reference: It is recommended to go long in 2030/2035
Thursday: Gold remains under pressure to fallGold has fallen below the 2050 long-short watershed and started a downward trend. Relying on the rebound pressure of yesterday's US market, gold will continue to be short and bearish at the 2048 position. The target below will focus on the support of 2030!
Looking at the golden hour chart, the downward trend has begun, and the second period of decline is very strong, and the decline will continue! However, after the sharp drop, the market is also expected to fluctuate and adjust, so today's Asian and European market will most likely fluctuate within the range of 2048-30, and then start a new band of decline after the shock ends!
The rebound relied on pressure to short gold. After breaking the level, 2050 became the key resistance for this rebound. As long as the rebound encounters resistance today, this pressure position will continue to be short!
suggestion:
2030-2033 long
2048-2050 short
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 non-agricultural market forecast
Today I think gold prices will recover, and on the H4 time frame, it is still showing a downward trend, with two important key levels: 2058-2060 and 2077-2079. I think gold is likely to rise during the Asian and European hours. Thereafter, non-farm payrolls news during the U.S. session may cause gold prices to fall.
So, my strategy for today is:
Waiting to buy area: 2038-2041
Area for sale 2058-2065 or 2077-2079
XAUUSD:3/1 Today’s Strategy and AnalysisGold technical chart daily pressure is 2088, support below is 2053-2040
Four-hour pressure 2069-2088, support below 2053-5040
One-hour pressure 2069-2073, support below 2053-2066
Operation suggestion: Today, focus on 2053/2040 below. Try to go long at this position. If the 2040 mark is broken, the short trend will start. Just continue to go long above the 2066 mark above.
BUY:2066 near
BUY:2040 near
SELL:2065 near
XAUUSD: Today’s analysis on 29/12, 2061.5 is the dividing lineThe day before Christmas, the last rising point last Friday started at 2061.5. Today, it can only continue to fall if it falls below 2061.5, so it was as low as 2061.9 just now. This position will definitely rebound, so the market is now at the dividing line. It can go up or down
Gold technical chart daily pressure is 2100, with support below 2066-2040
The four-hour pressure is 2100, and the lower support is 2069-2066
One-hour pressure 2073-2080, support below 2066
✅Operational suggestions: The 2040 mark is not broken, the 4H chart is still in a bullish trend, and the upper part is suppressed by the resistance of 2073 and 208
SELL:near 2080
SELL:near 2073
BUY:near 2054
BUY:near 2040
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
XAUUSD Wednesday trading analysis
#xauusdQuick analysis of gold price trends
Gold prices failed to break through the 2054-2055 area yesterday. Still no major news today, so I think gold prices today will trade sideways in the 2052-2072 price range.
Range waiting to be sold: 2069-2072.
Price range awaiting purchase: 2052-2044-2046
I hope my analysis will continue to help everyone bring profits. If you like my analysis, please like my post and follow me. I will update my analysis in real time.
Gold analysis next week
#xauusdQuick analysis of gold prices next week.
Next week, I think gold prices will tend to correct to the downside. The closest possible target is: 2054-2056. This area is the confluence of the EMA200 and the support on the first half time frame. So maybe we'll wait to buy in this area. Purchase time: 2054-2056. Take profit: 206x. I will update new specific analysis every day, I hope you all like it
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 - Upside move ⁉️Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are still bullish so I expect price to react from trendline and to go up to 2100 level. In case of reversal I will wait for a break of trendline below 2040.
Like, comment and subscribe to be in touch with my content!
XAUUSD: 28/12 Today’s Strategy and AnalysisGold technical chart daily pressure is 2100, with support below 2066
The four-hour pressure is 2100, and the lower support is 2069-2066
One hour pressure is 2100, support below is 2080-2066
Operational suggestions: Yesterday, gold first fluctuated around the 2061-2066 range. The U.S. market ushered in a strong bullish upward trend and broke a new high. Today, it accelerated its upward move to around 2088. It is recommended that gold step back to 2080-2070 and continue to be long, looking towards the 2100 mark.
BUY:near 2080
BUY:near 2070
SELL:near 2100
Gold US market analysis and strategiesI shared the buying signal BUY2055~2058 in the Asian market today, and successfully made a profit of 7$
Now looking at the hourly chart of gold, it is fluctuating all the way up! Now that the rally is continuing, the pullback is still a long opportunity! The current support is the 2048 position. If there is a chance to step back, the price will be higher!
Gold has now reached the pressure position of the daily Bollinger upper track, and after a long period of substantial rise, there is a need for adjustment! The adjustment is not the end of the rise, but the beginning of another rise! Above the dividing line between long and short 2048, it is still a low price to buy!
Analysis and plans for gold after the market opens tomorrowSpot gold's rebound continued last week as the Fed's favored core personal consumption expenditures (PCE) price index for November came in lower than expected.
Gold prices briefly tested above $2,070 on Friday before falling back to the day's opening price. Last week, gold prices hit a maximum of $2,070.67 per ounce and a minimum of $2,015.99 per ounce.
The 4-hour K-line encountered resistance and suppressed the early highs, and the overall trend was still downward. Although gold rebounded to a certain extent yesterday, without breaking through 2070, I personally do not expect the continuity to be strong. To put it simply, shorting will be the main focus next week on rallies. The first resistance above is near 2058. If the counterattack does not break this position, you can go short.
XAUUSD: Friday market analysis and suggestionsAfter gold surged today, it did not break through the previous high of 2047. Then the market on Friday will have two trends:
The trend of the first chart according to me found support below the channel, and then began to rebound and hit new highs.
Second, if it can fall below 2027 on Friday, the top of the callback in 2047 will be confirmed, and it will be difficult for Gold 2015 to support it. There will be a waterfall tomorrow.
According to the current trend, the first trend is more likely to occur.
remind:
Friday is the last trading day before Christmas, and the market will be closed for three consecutive days.
Trade cautiously on Friday and be sure not to leave your positions open until next week
The market opening next Tuesday is likely to be a gap-like opening
If you want to know more details about the gold trend, you can contact me at any time↓
GOLD - Reaction from trendline ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here on GOLD we are in a bullish market structure, I expect price to continue the retracement and to reject from trendline + support level.
Like, comment and subscribe to be in touch with my content!
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!
XAUUSD: 19/12 Today’s Analysis and RecommendationsGold technical chart daily pressure 2040-2072, lower support 2000
The four-hour pressure is 2045, and the lower support is 2015-2000.
One-hour pressure is 2034, support below is 2015-2000
✅Operational advice: Gold has come to the form of consolidating and repairing the convergence of small triangles. Do not chase the market in a volatile range. The daily level is long above the 2000 mark, the 4H level is the 2042 long-short dividing line, and below it is the 2015 support and the 2000 support. Be patient. Wait for the breakout of the triangle range and then chase the trend
BUY: Near 2020
BUY: Near 2000
SELL: Near 2042
SELL: Near 2066
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
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.