GOLD 4H : Above 2031 will rise up again GOLD
New forecast
The price of gold maintains its consistency above the 2017 level, waiting to encourage the price to exceed the moving average of 50, which constitutes a resistance barrier to intraday trading to open the way for the rush towards our expected target of 2043 and 2055 levels .and to confirm the bullish trend should stable above 2031 level and then our targets will be activate .
Therefore, the bullish trend scenario will remain valid and effective for the coming period, keeping in mind that the 2017 breakout will put pressure on the price to conduct an additional downward correction.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
support line : 2017 , 2007
resistance line : 2031 , 2043
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Goldpreis
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
GOLD - Short to the sell side liquidity ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are still bearish on GOLD on 1H timeframe, so I expect bearish price action after price filled the imbalance and rejected from bearish order block. My target is sell side liquidity and 2000 price level.
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Gold Setup on Fundamental New | H1 timeframeGold Setup on Fundamental New | H1 timeframe
Welcome Back Traders !
-Todays at a Same Time 4 High Impact news going to happened
-This idea is based on Educational Purposes
-In Last FOMC and CPI news gold use the same move
-Strong Resistance at 2015-2020 if these news tried to break this zone we furthermore expected 2028-2030 point
- But Remember overall plan is fallen Candles
- Basically 2000 point is a phycological support need more fundamental power to break
All the best and Cheers...
Gold price extends downside as Fed rate cut bets ease17 January 2024
•Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000.
Technical Analysis: Gold price drops to near 50-day EMA
Gold price continues its downside below $2,020 after Fed Waller's hawkish remarks about interest rates. The near-term demand for Gold is not bullish anymore as the price has dropped below the 20-day Exponential Moving Average (EMA), which trades around $2,036. The yellow metal has found interim support after sliding to near the 50-day EMA, which oscillates near $2,017. The 14-period Relative Strength Index (RSI) is declining towards 40.00, which could offer some cushion. However, a breakdown below the same will lead to the activation of bearish momentum.
• Gold price falls sharply as Fed Waller maintains a higher for longer interest-rates narrative.
• The last leg of high US inflation has turned out to be significantly stubborn.
Guidance from three Fed policymakers and US Retail Sales data are due on Wednesday.
Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has cast doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favoring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation returning towards the 2% target in a timely and sustainable manner.
The Consumer Price Index (CPI) data for December indicated that the last leg of high price pressures is quite challenging for Fed policymakers, likely due to steady labor market conditions and decent consumer spending momentum. A quick rate cut decision by the Fed can lead to persistence in inflationary pressures and dampen the work done to achieve price stability.
Later in the day, the performance of the US Dollar, Treasury yields and bullions will be guided by the United States Retail Sales and Industrial Production data for December. The chances for the Fed cutting interest rates in March could ease further if the Retail Sales report comes in stronger than projected.
Daily digest market movers: Gold price falls further ahead of US Retail Sales data
•Gold price has extended its losses to near $2,017 and is expected to decline further towards the psychological support of $2,000.
The downside bias to the gold price has strengthened as investors are uncertain about when the Federal Reserve could start discussing the timeframe for interest rate cuts.
A hawkish commentary from Fed Governor Christopher Waller has raised doubts about whether the central bank will cut interest rates in March.
Christopher Waller commented that the Fed should not rush to take interest rates down until it is ensured that inflation will return to the 2% target in a sustainable manner.
Waller added that the Fed should proceed with rate cuts "methodically and carefully" to bail out the economy from an expected slowdown. He further added that resilience in the US economy could delay potential reductions in borrowing costs.
Fed policymakers have become more determined to maintain a restrictive interest rate stance as the December inflation data turned out surprisingly stubborn.
• After Waller's commentary, Investment banking firm Goldman Sachs said the Fed could cut rates somewhat later or might announce one cut each quarter from April.
Meanwhile, bets supporting a rate cut by the Fed in March have dropped further. As per the CME Fedwatch tool, trades see a 61.4% chance for a 25-basis points (bps) interest rate cut in March, down from 70% at the start of the week.
• The increase in the US Dollar Index (DXY) also weighed on the gold price. The USD Index has slightly corrected after posting a fresh monthly high above 103.50.
•Further action in the US Dollar will be guided by the United States Retail Sales and Industrial Production data for December.
• Investors have projected that Retail Sales increased by 0.4%, higher than the 0.3% rise in November. Industrial Production is seen stagnant after rising 0.2% in November.
Apart from the US economic data, Fed's Beige Book and fresh outlook on interest rates from Fed speakers will be keenly watched. On Wednesday, Fed's Michael Barr, Michelle Bowman, and John Williams are due to speak.
Fed policymakers are expected to endorse a restrictive monetary policy stance for a longer period than what is anticipated by market participants.
GOLD - Potential short opportunity ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we can see that GOLD started bearish price action on 1H timeframe, so I will look for a short position if price fills the imbalance higher and then rejects from bearish order block.
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XAUUSD: 15/1 Today’s Market AnalysisGold technical chart daily pressure 2069 below support 2053-2040
Four-hour pressure 2069 and support below 2042
One hour pressure 2063 and support below 2044
Operational suggestions: From the daily analysis, at the top we focus on whether the 2053 mark can close firmly in the near future, and at the bottom we focus on the first-line support at the 2040 mark. The short-term gold price has entered an upward trend, but there has been no further confirmation. Recent operation ideas Wait for the direction to come out at the 2053 mark. Don’t be overly bullish and don’t follow the risk aversion until 2053 has stabilized (today’s close).
Markets are slow on Monday and there are no recommendations. The U.S.-New York Stock Exchange is closed for one day due to Martin Luther King Memorial Day, and the U.S.-Chicago Mercantile Exchange (CME) is closed early.
advances to near $2,055 as US yields declineHere is what you need to know on Monday, January 15:
• Gold price gains ground on risk-averse sentiment due to the Red Sea situation.
Israel-Gaza conflict intensified after Houthi attacked a US Navy vessel.
• US Treasury yields contribute to downward pressure on the US Dollar.
Barclays revision of the Fed rate cut has changed market sentiment.
Gold prices continue to advance for the third consecutive day on Monday, trading higher and reaching around $2,055 per troy ounce during the Asian session. The upward movement in the price of the yellow metal is attributed to the risk-averse due to the geopolitical tensions in the Middle East, coupled with the speculation regarding potential rate cuts by the Federal Reserve (Fed) in March.
The concerns over the escalation of the Israel-Gaza conflict have intensified, especially after Iran-led Houthis fired an anti-ship cruise missile at the USS Laboon in the Red Sea on Monday. This development has contributed to increased demand for gold prices, a traditional safe-haven asset during times of heightened geopolitical uncertainty. Market participants remain vigilant for potential impacts on shipments in the Strait of Hormuz while closely monitoring Iran's response to recent geopolitical developments.
The US Dollar (USD) hovers around 102.40 with a negative bias, influenced by the decline in US Treasury yields, possibly triggered by the softer Producer Price Index (PPI) data from the United States (US). The DXY has trimmed its intraday gains as a result of the drop in US Treasury yields. The 2-year and 10-year yields on US bond coupons trade lower at 4.14% and 3.94%, respectively, at the moment.
Additionally, Barclays revised its forecast on Friday for the first Federal Reserve rate cut, moving it to March from June. This change in outlook has shifted market sentiment towards expectations of an easing monetary policy by the Fed, putting downward pressure on the Greenback. In a note released on Friday, analysts from Barclays expressed their expectation for the Federal Open Market Committee (FOMC) to reduce the Fed Funds rate by 25 basis points at the March meeting.
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 analysis next week
#XAUUSD Quick analysis of gold price trends next week!
Closing the candle on last Friday was a strong bullish candle. I think, next week I think gold price can recover. So, how far will the price of gold increase? Quickly analyzing the H4 time frame, using the price action method I see: The most important keylevel of the downtrend is: 2077-2079. If the price of gold increases, it can increase to that keylevel (which is where the downward wave begins).
Here, there will be 2 scenarios as follows:
1/ If the gold price breaks through the 2077-2079 zone, the downtrend MAY end. I use the word maybe, not certainly. And a new increasing cycle can begin.
2/ If gold price cannot break the 2077-2079 zone, the downtrend of gold will continue.
Therefore, it can be said that 2077-2079 is the most important key next week. I will observe price action in this area.
Some buying/selling areas may need attention next week
Buy:
1/ 2039-2041
2/ 2032-2034
Sell: 2062-2065
I will update detailed plans on weekdays!If you like my analysis please give me a like and join me.
Wednesday: Gold focuses on the 2020~2040 rangeGold is still dominated by short sellers, with the daily chart closing in the positive zone, the MA10/7 daily moving average suppressing the MA2038/47 opening downward, and the central axis of the RSI indicator adjusted. The short-period hourly chart and the four-hour moving average are glued together, and the price is running in the middle and lower rails of the Bollinger Bands. Technically, gold continues to adjust and fluctuate and runs bearish. However, market data gradually emerges in the second half of the week and needs to be focused on. We will continue to pay attention to the 2040/2020 range adjustment during today's trading day. Trading ideas still look at shocks and short-term participation!
To be honest, the shock yesterday was really severe. If you are not calm, you may run away early and miss the drop of more than ten dollars. Only persistence is victory. No matter how the gold price fluctuated, it failed to rise above the suppression of the 4-hour 20 moving average. Today, we continue to short gold relying on moving average suppression.
Trading straregy:
Short-term gold 2017-2019 long
Short-term gold 2038-2040 short
XAUUSD: 10/1 Today’s Market Analysis and StrategyGold technical chart daily pressure 2040-2053, lower support 2000
The four-hour pressure is 2040, and the lower support is 2016
One-hour pressure is 2040, support below is 2016
✅Operational suggestions: Gold has now physically broken through the 2040 mark. Today’s rebound near 2040 will be the main target for shorting, first look at the 2020 mark. If the strength is strong, continue to look at the 2000-1966 mark. The first small resistance above is currently the 2031 mark, followed by the 2040 mark. It is the entry price of short order
SELL:near 2053
SELL:near 2040
SELL:near 2032
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
GOLD:Trading analysis before the US market
Today will usher in the most important data of the week, the US inflation indicator CPI in December, which is the consumer price index. Judging from market expectations, the 3.2 data is slightly higher than the previous value of 3.1, which means that the market generally believes that US inflation has already After a continuous downward trend, it has begun to rebound. If this trend is confirmed, it will have a major impact on the Federal Reserve's interest rate cut.
New York Fed President Williams made his latest speech: He believes that interest rates are restrictive enough to achieve the 2% price target. When it is confident that inflation will reach 2%, the Fed can cut interest rates, with the pace of reduction depending on economic conditions. It is not close to the time to slow down the balance sheet reduction, and we need to plan to finally gradually slow down the balance sheet reduction in 2024.
You must know that the Fed's monetary policy adjustments usually cut interest rates after ending the balance sheet reduction, but Williams said that it will only slow down the balance sheet reduction in 2024, which is also a very hawkish signal.
The key today is the CPI data. Before the data, I think it will continue to fluctuate in a range.
Yesterday, gold did not break through 2042 and reached a maximum of 2040. This indicates that there is strong resistance from 2040 to 2042.
Xauusd:sell2039-2041
TP:2034-2030
SL:2043
Xauusd:buy2022-2025
TP:2032-2038
You can try the above signals before the US market to ensure the safety of your funds
Join me as I continue to analyze my thoughts
GOLD-My analysis can help you
Gold may continue to fluctuate in a range today. At the top, focus on the important resistance points of 2042, 2050, and 2062, and on the bottom, focus on the important support points of 2024 and 2015.
Since the market’s focus is around Thursday’s U.S. CPI data, the changes on Wednesday should not be big. However, today I want to emphasize that the daily line tends to be strong, and it may rise slowly amid fluctuations today.
Xauusd:buy2024-2029
TP:2035-2038
You can also wait until after 2042 to start selling and wait for my signal. I will analyze and share in real time. Join me.
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
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!