GOLD/XAUUSD short Bounces in Bearish TrendThis pattern is technically analysed with the elite wave pattern in order to find the next possible sequence of the market. More importantly the GOLD is dependent on news & reports now so this week events/news will make it fall as my prediction, so keep an eye on news to gain the profit.
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Analysis of gold trading next week
Last week, all the free signals provided to you are all profitable, if you have followed my team signals, you can also follow me to easily get profits, last brother trading day last week, gold rose to adjust to around 1960 oscillation, at the same time, gold's daily and weekly support levels are around 1945, tomorrow is also the last trading day of the month, first look at the strength of pressure around 1968, next week there are many important data releases, may continue this kind of large-level range shock, Here are two trading strategies for reference
Gold Trading Strategies:
xauusd:sell@1970-1975 tp1960-1955
xauusd:buy@1940-1945 tp1955-1960
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GOLD BUYHello, according to my analysis of the gold market. There is a great buying opportunity. With gold breaking the head and shoulders model. We also notice that the price is trying to break the strong resistance at the level of 1933. The downtrend is as shown in the image. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Gold Trading Idea major level markedVery important points, a short retest from 1962 to 1948 major level. 1948-1950 is buying zone If market give you the predications, rejections candle and confirmations candle then put buy from 1950 to 1948 with proper 50 pips stop loss and take profit will be up to 1962.
If gold breaks the 1948 zone, then trend change and the structure of the market will be changed, and we will wait for the confirmation candles on H1, M30 to put a buy trade, but as per the behavior of the markets, the 1980–1983 zone is a strong Resistance zone, and markets have already tested and given respect to the level. Now wait for the sell confirmations.
Gold trading idea based on supply and demand zone, follow proper setup keep eyes on fundamentals, this is short term trade set up on H4.
XAUUSD: 26/7 Gold Trading StrategyGold analysis: The strategy of 1965 short selling on Tuesday found an entry position at a nearby point, successfully made a profit, and the lowest fell to the 1952 line. Fans and friends who watched the strategy also entered the market around 1953-54. Earn a little profit. Judging from the trend of gold on Jinri, it fell first and then rose, and my old prediction is that the strength of the rise is not strong, and it has not broken through the 1970 position for a long time. After the U.S. market, gold has basically stabilized and oscillated repeatedly. The short-term resistance still focuses on the 1967 position. Only by breaking through and standing above 1970 can the bullish situation be reopened, otherwise it will still be dominated by shocks. Today is also the focus on the Fed's interest rate decision in the early morning, and the Asian-European market is expected to tend to fluctuate and slowly rise. Today is expected to be a trend of rising first and then falling. Just follow the old style at will, and sell high and buy low in the short term.
Back to the topic, under the current trend of gold, it has not yet broken through the range-bound shock trend, so in terms of operation, no matter whether we are long or short, we can treat the market trend as a range shock, sell high and buy low.
Today's trading strategy:
SELL: 1970~1973
TP1:1965
TP2:1960
BUY: 1955~1952
TP1: 1960
TP2: 1965
Time to sell gold again
Under the influence of non-agricultural data and cpi news. Gold continues to rise. At present, it has risen to the pressure position of the 1963 line. After two days of volatile market conditions. Right now I personally think the time to sell is right. Thus a sell order of thirty lots is traded. Stand firm and wait to land.
GOLD reaction to ECD & BOJAs Yesterday (Wednesday) the FED Increase the interest rate by .25 & nothing happened to gold.
Well ECB on Thursday and BOJ on Friday are the final one to react the market & the ECB is expected to rise interest rate by .25 percent too.
Gold may struggle in such a scenario as markets upgrade the probability of one more hike this year. If the FED continures in bringing positive options & the positive ecnonimic data from US then the gold will fall impulsively.
My positions are still of selling from the resistance area.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold before the interest rate decision
I have analyzed many times before, gold will not have much volatility in the first three days of this week, it turns out that my analysis is correct, gold continues to fluctuate between 1950-1970, for this kind of market, trading is actually very simple, buy around 1950, or sell in 1968, if you trade more aggressively, you can also trade in advance, here you need to pay attention, short-term transactions do not be greedy, get profits can close the transaction, and then wait for the next trading opportunity
Gold Trading Strategies:
XAUUSD:SELL@1968-1973 TP1960-1955
XAUUSD:buy@1945-1950 TP1958-1963
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FED decision's impact on GOLDToday(Wednesday) the FED Interest rate decision will be announced
Today (Wednesday) the Markerts expexted Increase in Interest rate by FED upto 0.25%
Gold prices experienced a rise on Wednesday as investors turned to the safe-haven asset ahead of the anticipated rate hike by the U.S. Federal Reserve laterin the day. With markets widely expecting the Fed to increase rates by 25 basis points, concerns about inflation have intensified, prompting investors to seek the stability and security offered by gold.
Analysts suggest that the Fed's decision to raise rates may indicatein the day. The market consensus is that the Fed will raise rates by 25 basis points. This increase in interest rates is seen as a sign that the central bank believes inflation is under control. As a result, some investors are turning to gold as a hedge against any potential economic turbulence.
Additionally, analysts suggest that the Fed may leave the door open for one more rate hike in either September or November. This uncertainty has further fueled demand for gold, as investors seek to protect their portfolios from any potential market volatility.
The rise in gold prices was also supported by a slight weakening in the U.S. dollar and a decline in yields, which had reached two-week highs. Both of these factors make gold more attractive to investors.
Overall, the increase in gold prices can be attributed to the belief that the fight to tame inflation may be nearing its endgame. Investors are turning to gold as a safe-haven asset amidst the potential for economic uncertainty and market turbulence.
My Trading View: i am keeping on Sell from the weeks & finally today a high posibility of Sell. My position are from 1970s area till the 1938 level.
Gold retest. A good buying opportunityHello, according to my analysis of the gold market, there is a good opportunity to buy. The market broke the downtrend. We also notice an ascending channel. A very positive green candle has formed on the 4-hour chart, confirming the strong entry of the buyers. All these factors confirm that gold is only for buying. Good luck to everyone
XAUUSD: 24/7 Gold Trading StrategyGold analysis: The strategy shared by gold last week only entered long orders, but the strength of the rise is worrying, and they all oscillated around 1965. In terms of the overall trend of gold today, it has returned to the previous state of shock, but this week's data week, there is the Fed's interest rate decision. Gold will also take a new direction again, and it will be difficult to operate in this state. Two days before the data comes out, it will definitely return to the previous conventional style of play, mainly selling high and buying low. At present, the upper high is at the 1975 line, and the resistance is at the 1970 position. The lower low is 1893. The support position is at 1950. From a technical point of view, gold definitely needs to fall again to consolidate the lower support point. Only in this way can the follow-up rally be smooth, and we will be safe enough when we are long.
Back to the topic, the current trend of gold is weak for bulls, and short positions are relatively active, but they are only active. We still have to look at the bulls. Today's operation is mainly to sell high and buy low:
SELL: 1967~1971
TP1: 1962
TP2: 1957
BUY: 1955~1952
TP1: 1960
TP2: 1965
Subsequent sending of real-time trading signals
GOLD: CB Consumer Confidence!Concerns about a potential recession, the deteriorating relationship between the US and China, and geopolitical risks are dampening the recent positive outlook in the markets. The release of the Purchasing Managers' Index (PMI) data for July has further fueled worries of a global economic slowdown. The survey indicated a widespread drop in business activity in the manufacturing and services sectors of the Euro Zone, the UK, and the US. As a result, investors are turning to safe-haven assets like gold for some stability.
Gold price gains some positive traction during the Asian session on Tuesday and for now, seems to have snapped a four-day losing streak to over a one-week low touched the previous day. The XAU/USD currently trades around the 1,960 level, up 0.25% for the day, as traders keenly wait this week's key central bank event risks.
GOLD: Today with news!Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
XAUUSD:Will it fall below 1900 again?
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article.
At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally, the market stopped falling at 1893, and then, in the following news, it broke through 1937, and it returned to above 1952 again.
At present, the price has touched the important resistance of 1981-1985. Although there is no breakthrough, we have to be vigilant. If it does not break it (1963-1957) in the process of backtesting the support, it will mean that it will rise again , may go directly to around 2000.
Of course, if it breaks below support, or even falls to around 1943-1939, then we will consider it to form a head and shoulders pattern again, and then fall below 1900.
The number of initial jobless claims will be announced tomorrow. This is an opportunity to choose the direction of the current shock. We only need to focus on these few positions.
At the same time, the month is coming to an end, NFP and some other monthly data will once again bring new opportunities for gold, are you ready to seize them?
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Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target.
Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%.
BUY GOLD zone 1948 - 1952
Stop Loss : 1942
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
GOLD Sell pressure (The second phase of bears)From the last days as how we keepimg our target areas in view & on yesterday we hit our target on bear move. Now we are looking ahead on 2nd phase of sell in which i have mentioned the both areas to focus on hitting which can be the 1950 or either 1938 respectively to retracement levels.
XAUUSD:Short-Term Focus 1970-1985
Yesterday was negative, so the short-term is a stagflation rhythm, but if it goes directly to V and reverses the decline, the price should rebound again at the key support. The high point of the second rebound is lower than the previous high and then falls again. It can be confirmed that the stage top appears, which is consistent with the structure formed by the previous bottom. The short-term price focuses on the 1970-1984 range
More analysis and signals will be updated in time, and interested friends can keep up.
Next, continue to pay attention to the strength of the gold corr
The gold trading signal given today once again made profits, affected by the data, the dollar index rose sharply, gold was under pressure, down $20, everyone reaped a good profit, next we continue to pay attention to the adjustment range of gold and the trend of the dollar index, the current gold began to adjust upward, but the dollar index has not been affected, so it is still necessary to pay attention to whether the dollar index continues to strengthen and suppress gold, the low point of the last round of gold decline was around 1970, and there is short-term upward resistance in 1970, If gold continues to rally above 1970, we can still consider going short again
Gold Trading Strategies:
XAUUSD:SELL@1976-1981 TP1966-1962
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