seize the opportunity of trading in the gold volatility range!After yesterday's rally and closing positive, gold has so far emerged from a bottoming and rebounding market today, reaching a minimum of 1958.75. It is currently trading near the 1966 position. Judging from today's short cycle, gold prices have not achieved a breakthrough and have been under pressure. In the falling market, gold did not fall to the 1930 area again, and the 4-hour range fluctuation is still there.It is expected that gold will fluctuate in a large area from 2000 to 1950, which is a high probability.
From the fundamental point of view, although the banking crisis has been alleviated, the economic recession and the geopolitical risk-averse market are still there, so it is destined that gold will continue to be in a high and volatile market.
Short-term trading reference:
1.Sell gold near the 1973-1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1952 position, the stop loss level is 1949, and the take profit level is near 1966
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Goldpreis
3/29 Gold Trading Strategy
After forming a head and shoulders pattern, gold dropped to around 1935 and then rebounded to above 2000 to form a double top. Subsequently, the price fell again to around 1945 before rebounding.
Yesterday, the price rallied to the range of 1969-1975 before succumbing to selling pressure. If viewed from a macro perspective, this pattern resembles a double top, which encompasses both a head and shoulders pattern and a double top.
Should the market fail to break through the range of 1975-1988, this double top pattern will be confirmed, and the price will undoubtedly fall below 1900.
The recommended trading strategy is to focus on shorting, while keeping an eye on support and resistance levels, and developing more detailed trading plans accordingly.
FOREXCOM:XAUUSD FXOPEN:XAUUSD
Gold stepped back on the support, and the shocks were more treat
The gold bulls began to rebound within the day after the early falling warp support in the early stage of gold's decline yesterday. As the momentum of the bulls in the general direction has not been released, they will continue to maintain a low-multiple bullish thinking at night and wait to step back on the low-multiple. For gold operation, it is recommended to buy in 1952, risk control in 1948, and target 1961~1966.
Gold is bullish for several reasons:
1. Gold fell back within the high-level shock range, but the bullish trend has not yet undergone substantial changes.
2. According to my personal analysis, the bulls temporarily gave up their offensive yesterday to form a retracement. At present, as long as they do not fall below the bottom of the range before 1934.30, they will be regarded as an adjustment of 5 waves and 4.
3. The intraday pressure is 1961~1966, and the support is 1952~1948.
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
3/28 Gold Trading Strategy
Gold rose to around 1963 and started to fall back. A small double bottom is not ruled out here, but the premise is that there is support around 1945-1943. If it falls below, look at around 1933 below. The upper resistance is currently in the 1963-1969 range.
Trading straregy:
sell: 1960-1969
tp: 1945-1933
sl: 1972
buy:1933-1937
tp:1942-1948
sl:1931
1945 has a certain support. If it does not fall below 1943, you can do a small amount of long around here. Around tp1960. If it falls below 1943, the long-term conditions are not established. You should mainly short. If it falls below 1933, look at the vicinity of 1920-1914.
3/27 Gold Trading Strategy
Gold fell below the weak support, rebounded after reaching the support around 1969, and fell back under pressure around 1978. At present, the weak support from 1975-1971 has turned into resistance.
sell: 1971-1978
tp: 1963-1959
sl: 1981
buy:1959-1963
tp:1968-1971
sl:1954
1978 strong resistance, short near 1971, weak support 1969-1966, strong support around 1963-1959, short orders take profit in this range
Fall below 1959, look at the 1950-1945 range
20 Reasons for buy GOLD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super bullish
2 📆Monthly: the current trend is bear, but the market is in the corrective phase right now, also engulfing the last 3 months move a high chance to go upward
3: 📅Weekly: a clean uptrend here BOS id also occurred. We expect a short correction; then again upside move this week
4 🕛Daily: wowoooo, A proper Break of structure, a classic cup and handle pattern with a substantial buildup any of the bullish signs we enter for a buy entry
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: triangle on daily time frame bulls are in power
7: 3 Volume: volume shows some weak signals, so here so the problem
8: 4 Momentum UNCONVENTIONAL Rsi: clearly in the super bullish zone
9: 5 Volatility measure Bollinger bands: m type patterns also not suitable for bulls
10: 6 Strength ADX: bull DMI cross-blow the main line showing some weakness. What is this strange
11: 7 Sentiment ROC: gold is more vital than USD
✔️ Entry Time Frame: H4
12: Entry TF Structure: sideways right now
13: entry move: candle hits a lower level, so we need a buy confirmation here
14: Support resistance base: lower side trend line support here
15: FIB: nothing yet waiting
☑️ final comments: wait for buy at least m5 proper break of structure
16: 💡decision: buy
17: 🚀Entry:1957
18: ✋Stop losel: 1946
19: 🎯Take profit:2000
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration : 3 days
Gold Monday Trading Strategy
Gold fell after touching above 2,000 again intraday on Friday. As of the close, it was reported at 1978. During the transaction, I had already reminded my friend TP in the group. There are some small supports near 1977, but this support is not very strong. As long as the bearish power is strong enough, breaking this support is a high probability.
I used the 30m chart, and there are two areas circled in the chart. For the market on Monday, first look at the 1975-1983 range shock. If the bears are strong, 1975 will definitely fall below. The following is the strong support near 1969. If there is no news stimulus, we can go long when it falls to the 1969-1963 range. It should not be a big problem to catch a small rebound. I will give a specific strategy at that time.
The current situation is:
1988-1983 resistance level
1975-1971 weak support
1969-1963 Strong support
Shorting in batches without breaking through the resistance level, breaking through 1990 stop loss, taking profits in the weak support-strong support range
Go long without breaking the strong support, stop loss if it falls below 1960, take profit in the weak support-strong support range
The market will change at any time, and it is impossible to operate completely according to one's expectations. (If only it worked out as expected!) I also update the strategy in real time as the market changes. Welcome everyone to pay attention.
FOREXCOM:XAUUSD
Going up… Read below why1. Banking sector at risk of whistleblowers asking for liquidity all at once.
2. EUROPEAN regions + UK inflation rates going out of hands
3. People waking up for the fact that only 4% of total pro fed currencies are backup by gold and 96% are not backed up by gold.
4. China preparing there military for unknown reasons + sending spy balloons to the U.S. (All for what?)
5. Wars over resources. (Energy + Food)
Gold prices poised for upward trend: Key support levels to watch
Gold dropped from around $2009 to the vicinity of $1935 in 2020, rebounded to around 1969, but failed to break through the level of 1988 and fell again. Therefore, from a technical perspective, 1988 can be considered as a resistance level, while 1969 can be seen as a support level.
After rebounding to around 1986, gold fell back under pressure, found support at around 1975, but still failed to break through the resistance of 1988. Thus, 1988-1985 became a strong resistance zone.
After 1988 became a strong resistance, bearish sentiment surfaced again, breaking through the support levels of 1975 and 1969, causing the gold price to fall to around 1961. However, the bearish force was very strong, and after a small probe, the gold price fell directly below, dropping to around 1935. This position is important as it is the starting point of the stage of the rise and the demand for technical rebound has been formed due to the significant decline in gold price. I have also mentioned this in my trading strategy.
Subsequently, the banking incident fermented again, gold rose again with risk aversion, broke through the resistance level of the 1948 box and successfully broke through 1961 and 1969, converted from resistance level to support level, and rose again to break through the resistance level of 1975 and 1985, returning to the $2000.
However, as the rebound process from 1969 to 2000 did not test the support level, the strength of the support level cannot be determined. From a technical perspective, this is not conducive to further upward trends.
Therefore, I expect today's market to fluctuate to confirm the strength of these important support levels. Once confirmed, the next upward trend will break through the high point of 2009.
In summary, today's trading strategy is mainly bullish, with reference to the important support levels of 1985, 1975, and 1969 as buying positions.
GOLD BUYWelcome . gold in case. Positive There is great potential. to climb today. With the resistance broken in 1995, and with the formation of the ascending channel. We are waiting to see the 2020 levels. And level 2040.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
The important support of gold is in 1961, go long
Risk aversion broke out again. Gold rose sharply in the U.S. market yesterday, breaking through the resistance level of 1961-1965. It was under pressure in 1983 and remained in a range today. There is weak support around 1975-1973, and the best support is in the range of 1957-1961. If it falls here, as long as there is no news that is not good for gold, there is a high probability that it will rise.
The specific strategy is:
1975-1967 Support valid:
Purchase time: 1975-1967
tp1:1979-1982
tp2:1984-1988
Stop loss below 1960
1980-1983 range resistance failed to break
Sales period: 1980-1983
Time: 1973-1967
Break through 1985 stop loss
XAU/USD : Short according to my analysis head & shoulder pattern used to place pending orders, it can be an effective way for traders to take advantage of potential price movements in the market. By carefully analyzing key levels, setting appropriate levels, and managing risk with stop-loss orders, traders can increase their chances of success in the markets
Thanks
Gold: short, target 1920
Gold fluctuated in the box today, and the volatility was significantly lower than last week and the beginning of this week.
At present, it is the digestion stage after the sharp drop. If it can rise and break through the box, there is a high probability that it can touch the resistance near 1957-1961.
However, judging from the current situation, the possibility of a breakthrough is unlikely, but the probability of falling below the 1933 support level of the box is relatively high.
Therefore, in terms of trading strategy, I think shorting gold has a higher probability of profit. If you have sufficient funds, you can set the targets at 1928, 1923, and 1915 respectively.
How should gold be traded tomorrow?
On Friday, gold rose directly by more than $70 during the US trading session, closing around $1990, from its position around $1920 earlier in the day. During the US trading period, global stock indices fell across the board, with European and American stock markets experiencing continued declines. As a result, a large amount of safe-haven funds entered the gold market, ultimately leading to gold being the only asset that rose significantly. This has become the first "black swan" event since 2023. Gold rose significantly in the first period due to a surge in safe-haven buying, starting from $1810 and closing at $1870.
The second period of the rise began this week from $1870 and rose by nearly $200, which exceeded expectations. Many people thought that it had reached its peak, but it continued to break new highs. All of this is due to the market's chain reaction caused by the European and American banking crisis.
Judging from the 4-hour chart, gold is not overbought, but the price is much higher than the moving average, indicating that it needs to be adjusted. Meanwhile, the 20-period SMA has gained upward momentum, breaking above the 100-period SMA, which also edged higher. Overall, it is recommended to be bullish on gold on Monday, but not to chase the rise. Theoretical bulls are near the 1960 support, which is expected to be difficult to reach. It is safer to short near 2000, and it may be seen that it will open flat or slightly higher on Monday. Take profit can be set around 1975.
It is not to say that if the price rises too much, it must be the highest point, and if it is bullish, it will blindly chase the rise. It's not that the deeper you fall, it must be the lowest position.There is no market that only goes up but not down, and there is no market that only goes down but not up. If you blindly grasp the top and bottom and trade without careful consideration, you will suffer heavy losses.
Trading requires flexibility to respond to changes in market direction. If the market direction changes, you need to adjust your thinking quickly. Because prices are determined by the market, not by our forecasts. What we need to do is do our trading well.
When the market reached 1930 last week, the position had passed the previous high. Many friends predicted that this was the top, so they started shorting gold. I also tried shorting around 1930, some took profits around 1918, and some stopped losses when the resistance of 1933 was broken. After the stop loss, I started to go long, and took a profit around 1948. When it rose to the previous high of 1958, I shorted it again. As a result, it directly pulled up and broke through. When the resistance level in 1960 was broken, I stopped the loss. After the stop loss, I chose to go long again, and took a profit around 1975, which shows that there is no problem with the transaction itself. What matters is how we deal with our mistakes.
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Gold: short, target 1940
The shape of gold is similar to a head-and-shoulders top, and it is currently near the support level. If it falls below 1961-1957, it will continue to fall to around 1950.
So in terms of trading, I think it is possible to carry out short trading above 1965.
Trading straregy:
sell: 1965-1970
tp:1955-1945
I will continue to update specific transactions below, please stay tuned and check!
Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce.
It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further.
Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure.
In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GOLD updategold update ..
We reached a strong supply area, which I expected to bounce back from previously .
And now we are approaching the end of the wave due to the overlap between the daily and weekly supply areas .
I think the price will extend to (1987\2032)
according to the trend strength indicator which still gives strength to ascension and has not yet given the will to break .
But I think that the rise will be with a tail candle, and then I expect the gold bullish wave to end .
Good Luck
Gold is expected to drop to around 1870
Yesterday, gold continued to rise during trading hours. It fell from the 1905 level to around 1887, and a further drop of $10 would have completed the gap filling at the 1867 level. However, stimulated by the news of the collapse of Credit Suisse Bank, gold rebounded due to increased risk aversion. The subsequent release of PPI data was also positive for gold, with the underlying message being not to raise interest rates excessively.
At the same time, as I mentioned earlier, the bankruptcy of Silicon Valley Bank and First Republic Bank was more due to the Fed's interest rate hike that plundered global wealth. Now looking back, not only the economic wealth of the world but also the assets and various obscure funds of the rich and powerful were not spared. This is reflected in Swiss banks, which we all know have dealings with many wealthy businessmen, politicians, and cryptocurrencies, oil dollars, hedge funds, and so on. If Credit Suisse Bank collapses, it will cause a global financial storm, and at this time, the US dollar will rise. And in Europe and NATO, their stock indices and foreign exchange markets were collectively shorted, and these published data played a very crucial role.
Remember the bankruptcy of Lehman Brothers in 2008 when gold rose more than $100 for two consecutive days? It then fluctuated for a week, and after risk aversion receded, gold returned to its price before the news broke.
Now gold has risen from around 1805 to 1937, an increase of $130. From this perspective, it is not very safe to chase gold at 1937.
We cannot be sure how high gold will rise before market sentiment stabilizes, but at this stage, it is not suitable to take big risks and chase after it. The higher it goes, the greater the probability of falling to around 1867, and the further away it is from 1867, the greater the profit potential of shorting.
After gold rose to around 1937 yesterday, Switzerland began to rescue the banks, reducing the spread of panic and suppressing the continuous rise in risk aversion. Therefore, gold subsequently fell back to around 1910 and rebounded, currently at around 1920.
If it cannot break through 1940 today, gold is highly likely to form a double top. After all, the resistance above 1940 is still very clear. Of course, if it can rise by around $50 today, reaching around 1970, combined with the initial claims data to be released today, the probability of returning directly to 1867 will be even greater. This is how the market works. It always surprises us with unexpected events.
Therefore, in today's trading, if there is enough margin and a willingness to take risks, one can try to short a small amount around 1930-1940. If it can reach around 1965, then we can go short with a heavy position.
Of course, such a transaction is premised on the absence of news similar to a bank bankruptcy. Currently, the global situation is tense, and after such an event, the Fed's interest rate hike next week will at least reduce or even stop. By then, the market will show retaliatory rise, which will be negative for safe-haven assets like gold. It could suddenly drop after being pumped up, with no technical factors, only a profit-taking and risk aversion easing is enough to make gold drop by $50 in one day. Moreover, the gap filling at around 1867 is still possible. It is important to remain cautious and avoid being too optimistic.
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GOLD BUYWelcome . gold market . In very positive condition. With the price reaching the strong resistance level 1820 and breaking the pattern. Double bottom, with the descending flag breached, there is a lot of bullish pressure from the buyers. To 1845 levels in the first stage. And level 1870 good luck. Note: If you like this analysis, please