Goldpreis
XAUUSD SELLHi, according to my analysis of the gold market. The market is still in a very negative state. With three descending peaks. And break the bullish flag. . Market only for sale .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
3/31 Gold Trading Strategy
Gold broke through the 1975 resistance level, which changed from resistance to support. The current resistance level is around 1986, and the shape is bullish. The transaction is mainly to step back on the support and do more.
The supports are: 1980, 1977, 1974, 1969
Resistance 1986, 1994, 1999
When the resistance is touched, if you like the game, you can carry out short transactions, but the TP for short selling must not be set too low, preferably $1- $2 higher than the support level.
GOLD: Safe haven for investors!Due to the market's recent instability, Gold has experienced a surge in value. The price per ounce has surpassed $2,000, reaching a peak that hasn't been seen in a year. Additionally, it appears that Gold exchange traded funds will see a positive net inflow in March, which hasn't happened in nearly 12 months. Based on these recent developments, it's possible that Gold prices could exceed our projected target of $2,100 by the end of March 2024 earlier than anticipated. Although the global financial crisis has been avoided, it may take some time for investors to regain their confidence.
Based on technical analysis, the price of gold is being impacted by the resistance and support areas, which are effectively fulfilling their roles. It's important to take into account the price range between $1935 and $2000 across multiple time frames. Looking ahead, it's anticipated that gold will continue to experience growth.
MAYBE BUY GOLD 1960-1965
TAKE PROFIT 1: 1975
TAKE PROFIT 2: 1985
TAKE PROFIT 3: 2000
STOPLOSS: 1950
Note: Note: Full TP, SL for winning the market and safe trading!
3/30 Gold Trading Strategy
Gold oscillated in the range from 1950 to 1975, there was very strong resistance around 1969-1971, and the support was around 1963-1959, so trading during the turbulence period can be carried out around these positions.
If the upward attack around 1969 is under pressure and cannot be broken, then go short, around TP1963
If the 1959 support is not broken, go long, around TP1967
Break through 1959-1971, go long, around TP1975
Under pressure 1975 upside attack can not be broken short, TP1969-1970 near
Backtest 1969-1966, if the support is valid, go long, around TP1983-1986
Break below 1959-1955 support, short, around TP1947-1943
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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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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