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↓
Goldpreis
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.
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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.
XAUUSD: 18/12 Today’s Analysis and RecommendationsReview of last Friday: Suggestion to sell near 2042 last Friday, it fell all the way to near 2017, perfect profit exit
Gold technical chart daily pressure is 2042-2072, with support below 2000
The four-hour pressure is 2042, and the lower support is 2000
One-hour pressure 2042-2066, support below 2021-2000
Operation suggestion: The 2000 mark is the dividing line between long and short that we have always emphasized before. Just go long above 2000. Only by following the trend can you make a profit. If the bulls break through 2042, you need to pay attention to the fact that there is still strong pressure near 2066.
BUY: Near 2000, target 2030-2060
SELL: Near 2042, target 2030-2020
SELL: Near 2066, target 2040-2030
XAUUSD: 15/12 Today’s Market Analysis and RecommendationsGold technical chart daily pressure is 2040-2072, with support below 2000
The four-hour pressure is 2042, and the lower support is 2000
One-hour pressure 2042-2066, support below 2024-2000
✅Operational suggestions: Judging from the daily analysis, today’s watershed for long and short strength will focus on 2042, support will focus on 2024, and the upper pressure will be around 42. Rely on this range to implement the sell high and buy low strategy. Today is still a volatile market.
BUY: Near 2024, target 2030-2040
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: 14/12 Today’s Analysis and RecommendationsGold technical chart daily line, upper pressure 2040-2072 and lower support 1983
Four hours, the upper pressure is 2042 and the lower support is 2000
One hour, the upper pressure is 2042-2066 and the lower support is 2021-2000
✅Operational suggestions:
Yesterday, gold rose strongly and broke through the 2000 mark. The 2010 level above also briefly fluctuated and then broke.
I have said before that the 2000 mark is the watershed between bulls and bears, so above the 2000 mark we turn long and look towards 2060-2100, and maintain the low-long thinking during the day. Above, 2042 and 2066 are also effective suppressions.
BUY: Near 2021, target 2040-2060
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!
Gold market guide
in the last sell order. Traders who followed made huge profits. This is cause for celebration.
Friends who have read my previous views should know. I said that gold has no dominant news impact today. Suitable for swing trading. The current position of gold has reached the buying point of our range trading. So next I will focus on buying.
2033-2034 buy
Tp: 2043-2046
sl: 2026
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
If you are still new. Or being unable to close the deal on your own. You can refer to my trading ideas. Hope it helps you.
Market Guide Latest Trading Plan
in the last buy order. Traders who followed made big profits. This is cause for celebration.
The gold market currently remains at the 2043-2044 level. Prior to this our buy order was closed at this location. The profits are very considerable. At present, the pressure from above still exists. There is no dominant news today, so at this position, I think we can mainly sell gold in the short term.
2043-2047sell
tp:2033
sl:2053
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
If you are still new. Or being unable to close the deal on your own. You can refer to my trading ideas. Hope it helps you.
The time to buy gold has arrived. Follow the market guide
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
The last order has been taken profit. At present, gold has reached near our buying point after falling. I said before that the short term focus is on selling high and buying low. But now that gold has fallen back, it gives you a buying opportunity. You can buy directly in 2033-2034. If it falls back, you can continue to add buy orders.Target 2040
If you are new to this. You can't complete the transaction on your own yet. You can refer to my trading ideas. hope it helps you.
#GOLD #GoldUpdate
Following yesterday's FOMC news, we witnessed a remarkable surge in gold, signaling a potential ongoing upward trajectory. The specific timeline for this rise remains uncertain.
Our analysis involves a simultaneous examination of gold on the chart. According to our assessment, gold has exhibited an impulse and could sustain its ascent through the (1.2.3.4.5) waves.
We've identified what appears to be a bullish flag at the conclusion of wave 3. However, exercise caution in your trades, as gold may surge further before undergoing a correction in the form of (ABC) or possibly correcting at this juncture.
Feel free to trade with us and access our concurrent analysis in our VIP group, offered at no cost.
The latest views on the gold market
For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own.
Gold currently remains at the 1981 level. Trading ideas were mentioned in the previous article. If you followed my instructions and sold at the high level it would have been a nice profit.
I have no better trades for the time being because the prime position is now in contention between bulls and bears. There is not much room for trading. And in the next few hours. Federal Reserve officials will announce some decisions on interest rates. The impact on currencies is huge. The U.S. dollar is the primary currency. The second is gold and silver digital currencies that resist inflation. In fact, these news are not friendly to novices. Because the uncertainty is too high. So if you are a novice, I do not recommend you to trade gold before the data is released.
The last trade I made was selling at a high level. It’s also a good profit today. As a novice or a trader who doesn't know how to trade, you should learn to accumulate from the profits you get.
Of course, if there are good trading opportunities, I will share them in time. This depends on whether everyone can follow in time.
If you are a newbie, you will not be able to complete transactions independently yet. You can refer to my trading ideas. Hope it helps you.
Xauusd:Continuation of last week's decline
Not only did the number of new non-farm payrolls in November exceed expectations, but the unemployment rate unexpectedly fell to 3.7%, and hourly wages exceeded expectations.After the release of non-farm payrolls data, the swap contract showed that the market lowered its expectations for the Federal Reserve to cut interest rates in 2024, and the probability of keeping interest rates unchanged in December rose slightly.This week's market will focus on the CPI data released on Tuesday, which will reflect the recent inflation issues in the US market, as well as the Fed's interest rate decision on Thursday. The interest rate decision announced this time will be the last time this year to announce whether the Fed will raise interest rates. Judging from the data in the December non-farm payrolls report, it is expected that there will still be no interest rate hike this time.
As can be seen from the chart, gold still maintains a downward trend, paying attention to the support of 1995, 1985, and 1950.
From the technical point of view, the daily line fell below the middle Bollinger band of the daily cycle last Friday. The space for this wave of decline depends on the support point of the lower Bollinger band of the daily line 1950, and there is almost no support point in the middle, so we can sell mainly.
This week's key data are CPI and the Fed's interest rate decision, so the volatility on Monday will not be too great, and the current range is between 1990-2010.
If you don't know how to trade, join me and let us learn together to improve the success rate
XAUUSD: 11/12 Today’s Technical AnalysisGold technical chart daily pressure is 2100, with support below 2000-1983
Four-hour pressure is 2032, support below is 1983
One-hour pressure 2014, lower support 2000-1983
⚠️Trading advice:
SELL: Near 2000, it is only suitable for short-term scalping.
SELL: around 2014
SELL: around 2032
BUY: around 1983
gold updateGold Update:
We've conducted an analysis of gold for the upcoming trading week, anticipating a minor correction before its continued decline to $1978. The short zone is expected from 2012-2014$.
Stay connected with us for a trading week filled with potential profits, and remember, it's all completely free.
Xauusd:Waiting for news data
Yesterday, ADP employment data was released. The report showed that the number of ADP jobs in the United States increased by 103,000 in November, less than the expected 130,000, and also less than the previous revised value of 106,000.Four consecutive months fell short of expectations, adding new evidence to the cooling of the US labor market.
At the same time, wage growth has also cooled further. In November, the wages of those who stayed in the job rose by 5.6% from the same period last year. The growth rate fell for the 14th consecutive month and fell to the weakest growth level since September 2021.
Coupled with the announcement on Tuesday that the number of JOLTs job vacancies in October fell sharply by 8.733 million, much lower than the previous value of 9.33 million, these signals of a weak job market are gradually reducing the probability of the Fed raising interest rates.
Today's number of unemployment benefits and tomorrow's non-farm payrolls data will determine the further development direction of the market in the future.
After the skyrocketing and plummeting on Monday, the two days began to fluctuate at a low level. On the one hand, it was to repair the oversold graphics, and on the other hand, it was also waiting for Friday's non-farm payrolls data to determine the trend.
At present, the data released this week are all in favor of gold, so the probability of gold rebounding is still relatively large.
Therefore, under the current downward trend, we can't sell blindly today. We need to observe the resistance of 2035-2040. If we break through this range, gold may reach the vicinity of 2050 again.
If you don't know how to trade, join me and let us learn together to improve the success rate
Xauusd:Interval resistance support
Yesterday's crazy gold finally calmed down today. Today, the United States will release November's service industry PMI data, as well as JOLTs job vacancy data, which are all very important news. Will it make gold crazy again? Let's continue to see.
Yesterday we mentioned that Friday's non-farm payrolls is a time window to determine the future direction of gold. Before Friday, I think there is a greater chance of range fluctuations, but crazy gold cannot be treated with the usual eyes.
So we have to follow the trend to trade and trade small lots, so that you will have more room to increase your position.
Judging from the chart, gold has fallen below the upward trend, but stopped falling on the VWAP trend line, so today we can observe the range of 2050-2020
Aggressive traders can gradually sell above 2040 and gradually increase their positions. The stop loss is set at yesterday's support point of 2055.
If you already have a buy order, you need to observe the strength of the support point. If you fall below the support point and are blocked, you should make a stop loss to reduce your loss. As long as you follow my strategy, your success rate will be greatly increased.
If you don't know how to trade, join me and let us learn together to improve the success rate
GOLD remains a BULL Market despite SELLERS desires"NEVER GO AGAINST THE MOMENTUM UNLESS A REVERSAL IS CLEAR" - @ekatatrading \ Brandon Abass
This is a law that I have created for myself many years ago and it continues to serve me to this day - like I would have mentioned earlier today I missed my opportunity to buy but never the less the law holds true.
Please Note - this is not me telling you to BUY here but I am saying Don't sell lol
Selling at this point in time on gold in my opinion is extremely dangerous as it is a very very obvious level in which sellers would be interested - Now if you are ok with being like everyone else & getting results like everyone else...then YES, ABSOLUTELY SELL HERE NOW! But at some point we have to stop and take charge of our own decisions and realize that following what everyone else will do in certain scenarios is what is leading you astray.
GOLD at the end of the day is a bull market and if you are selling - I'm sorry but I got some news for you buddy, you may win today but it will take back that money from you at some point very very soon unless you understand the absolute flow of things.
NOW, this may seem like a pretty ignorant statement without me covering different trader styles, maybe you want to sell and not hold for very like in the sense of doing a scalp type trade..this could work if your timing is very good and you are aware that the sell will be very temporary and is extremely dangerous but I've seen some traders selling with take profits back at the 2000 level - if gold gets back down there well we definitely have a problem for buyers.
All in all - let the momentum tell you what is likely to occur rather than guessing and calling it "an analysis". Godspeed to all sellers, may the odds be in your favor
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