Gold can go long
Gold has been fluctuating around the range of 1890-1914 today and has completed the initial support test. It is likely to attempt to break through the resistance near 1914. If it does, gold will rise to around 1919. If it fails to break through, it will continue to test the support around 1900.
Trading strategy:
Go long below 1903.
Goldpreis
Gold: Today's Trading Strategy
Gold successfully regained the $1900 level under the push of various news. As of now, the follow-up handling of the SVB bankruptcy event only protects depositors without being responsible for the rights of shareholders and creditors. Following SVB, First Republic Bank also faced a run on its deposits, with its stock price falling more than 70% before trading was suspended yesterday. Prior to the suspension, the stock had fallen more than 60%. After opening yesterday, Cathay Pacific Wealth Management also fell by as much as 25%. 325 venture capital firms and 650 company founders issued a joint statement calling for the government to prevent disaster from happening, stating that Silicon Valley Bank must not fail. There has been no response yet.
Gold is under pressure today, fluctuating around the resistance level near 1914. From a technical perspective, the MACD on the 30-minute chart is about to form a golden cross, and the K-line is between the upper and middle bands of the Bollinger Bands, with a trend towards approaching the 1918 level, which is our first target for today.
On the 1-hour chart, the MACD indicator has formed a death cross and is currently showing signs of a turnaround. The K-line is near the middle band of the Bollinger Bands, and the upper band resistance is near 1919. Starting from near 1810, the K-line has been supported by the middle band and has been trending upwards. As long as it does not fall below the middle band, the trend is still biased towards the upside.
Therefore, I believe that today's trading is still suitable for focusing on buying on dips. Pay attention to the support levels of 1900, 1883, and 1865, and the resistance levels near 1918, 1931, and 1958.
Specific trading strategies:
The first buy point is around 1900-1906, and the second buy point is around 1890. If the resistance near 1914 is broken, 1910-1915 will become support levels and can be used as buy points.
The target levels are 1918, 1931, and 1958.
Thank you for your attention and support. Please also pay attention to the real-time updates below. The market is constantly changing, and I will adjust my strategies in real-time.
Gold: This will be the best trading strategy currently available
Gold has shown strong momentum today, breaking through the 1900 level. As of now, the upward trend has not been completely exhausted, and the risk of bank runs is likely to continue to drive gold higher. Our next resistance target is around 1918, followed by 1931, and if we can break through, 1958 will be our highest target in the near future.
During the upward movement, we need to pay attention to several support levels: 1900, 1887, 1863, and 1855. As long as the support is not broken, the price of gold will continue to rise.
At the same time, we need to pay attention to the follow-up impact of the recent SVB bankruptcy event, focusing on whether the Fed's response plan is effective. If risk aversion subsides, the probability of a sharp drop in gold prices will increase.
I will continue to track market trends and share my trading strategies. Thank you for your attention and support!
Gold: Continue to go long with a target of 1900
The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused.
Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the support range of 1867-1860.
By now, I think everyone should know how to trade!
Today's strategy is simple: go long below 1900 with a take-profit target of 1885-1899, and short above 1900 with a take-profit target of 1885-1865.
I will update and share real-time during trading hours, thank you for your attention and support!
Gold: Real-time trading strategies
Backtesting gold has found support near 1870, and has risen in the short term. Currently, it has reached a resistance level near 1890. If it can break through, there is potential for it to touch 1900. If it cannot, it may fall back below 1870 again. Based on today's trend, it is still suitable for long trades. Therefore, after the fall, it can be bought again.
Stay tuned as I will update trading strategies at any time.
Subsequent processing of SVB bankruptcy and its impact on gold
The federal government has announced that Silicon Valley Bank depositors will be able to withdraw 100% of their deposits starting from Monday. The official statement claims that, after joint recommendations from the Federal Savings Insurance Corporation and the Federal Reserve, and reporting to the President, the Treasury Secretary has signed and approved actions to complete the closure of Silicon Valley Bank, and all depositors can use their deposits, with full protection, from Monday, March 13. Additionally, a new program will be established to provide funds to other banks, allowing them to borrow from the federal government for up to one year using low-risk debt such as government bonds as collateral, in order to meet the needs of all depositors.
This news has had a certain restraining effect on the currently high safe-haven sentiment. Gold is expected to pay close attention to the 1900 resistance level and the 1867-1863 support level. If support falls below this range, it indicates a significant easing of safe-haven sentiment, and the sharp rise in gold prices will be suppressed, with short-term demand for a pullback.
Is it still viable to go long on gold?
Amidst the significant decrease in non-farm payrolls, the rise in unemployment rate, and the impact of SVB's bankruptcy, risk aversion has surged, with gold returning to near 1900. The occurrences have made the release of February's non-farm payroll data seem like a joke!
With so much news to back it up, even technical analysis will become powerless. For now, until there is a complete solution to the SVB bankruptcy event, gold will remain beloved by safe-haven funds, and the price of gold will continue to rise.
During trading, attention should be paid to the resistance level of 1900, while the support of today's gap at the 1867-1863 range below should be considered. If the gold price falls below 1863, it indicates a sign of a decrease in risk aversion, and the gold price will return to a range of fluctuation between 1833-1890.
Hawk-eyed trading strategy:
Go long around 1867 with a take-profit target of 1890-1899.
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Gold: Continue to go long in this range
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend.
Due to the significant short-term increase, there is expected to be a need for support testing in the future. Therefore, I believe that as long as gold does not fall below the support levels of 1845 and 1860, the focus should still be on long positions. I will update specific trading points during daily trading, so please stay tuned to receive timely notifications of trading updates.
Gold: How to trade after breaking through the resistance at 1823
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of gold will turn from bearish to bullish, with resistance levels at 1835, 1844, and 1858.
In addition, non-farm data will be released tomorrow. Based on today's data, there is a high probability that it will be bullish for gold. If both the technical and data aspects are bullish for gold, then gold will undoubtedly rise and is likely to test the previous high.
If the data is bearish but the market does not fall below 1804, the probability of a rebound is still high, so it is currently better to focus on the long side, as long as it does not fall below 1823.
I will continue to monitor market trends in real-time and share strategies. Thank you for your attention and support.
I will share more interesting trading strategies! If you have any questions, please leave a comment in the comment section. I will provide you with the most reliable solution with the most serious and responsible attitude to help you solve the problem!
Wishing you a pleasant day!
Non-agricultural data will be released soon, long or short?
The non-farm payroll data in January was unexpectedly weak, largely due to statistical adjustments and labor hoarding causing abnormal data. The addition of over 500,000 jobs to the non-farm sector is unsustainable, and inflation is likely to continue to trend downward in the first half of this year due to base effects. Therefore, I personally believe that the Federal Reserve does not need to be excessively hawkish during a period of sustained inflation decline, and market sentiment will not remain pessimistic indefinitely. The comments from Powell on Tuesday and Wednesday were also ambiguous, indicating that acceleration in interest rate hikes would only occur when necessary, and not definitively. Therefore, whether or not it is necessary will depend entirely on how the data performs. Based on yesterday's initial jobless claims data, I believe the probability of non-farm payrolls being bullish for gold is relatively high.
Furthermore, this week's sell-off did not continue, and after two consecutive days of low-level volatility, prices rose sharply during the US session, reaching a high of around 1835. This has changed the weak trend, and from a technical perspective, there has been no break below new lows. Instead, bearish momentum has stalled after falling to 1809, and gold has rebounded again. The expected bearish momentum for gold breaking new lows no longer exists, and from a technical standpoint, yesterday's rebound has stopped the downward trend. Gold is likely to continue to rise, particularly given the weak performance of US employment data, which has boosted the long-term expectations for gold. It is not ruled out that gold will continue to oscillate upwards with 1809 as the bottom, fluctuating in a broad range between 1809 and 1855. Based on the weekly chart, signals suggest that the current upward trend will continue next week.
If both the news and technical aspects indicate a bullish outlook for gold, then the rise in gold prices is inevitable, and prices are highly likely to test the previous highs. Conversely, if the bearish factors do not break through the 1809 level, then the rebound in gold prices will not be small either.
Therefore, my short-term trading strategy will focus on going long. As long as the watershed of 1830 is not broken, I will gradually go long at this line, with a target of 1845-1855.
I will provide specific trading strategies during market hours and recommend subscribing. The recent market volatility has been significant, with opportunities and risks coexisting. Control risks while pursuing gains.
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Gold: Latest Trading Strategy
Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813.
Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just like yesterday. Therefore, I believe short positions can be initiated in the range of 1820-1825 with profit-taking at 1815-1810.
I will continue to track market trends and share trading information in real-time. Thank you for your attention and support! With you, the world is a better place!
Wishing you a wonderful day!
Gold: Trading like this today can lead to profits
On the road to success, whether you take big strides or make small progress every day, as long as you persist, every step counts, and every drop of sweat is not in vain. Please believe that as long as you keep moving forward steadfastly, your goals will get closer and closer to you.
Yesterday, gold was under pressure and oscillated within the range of 1809-1823, without breaking through the resistance of 1823-1825. In terms of trading, we completed three profit-taking transactions yesterday.
As of now, the market is still oscillating around 1814, very similar to yesterday. Additionally, today is Thursday and the non-farm payroll data will be released tomorrow. It is highly likely that the market will continue to fluctuate within this range today, waiting for the impact of the data. Therefore, today we will focus on the support level of 1804-1809 and the resistance range of 1821-1825.
Specific trading strategies:
Buy near 1808-1813, take profit at 1820-1823
Sell short near 1823-1828, take profit at 1814-1809
If the market breaks through the resistance level of 1825 today, the target will be around 1831. If it falls below 1804, the target will be around 1800-1796 and 1785.
I will continue to track market trends and share trading strategies in real time. Thank you for your attention and support. If you have any questions, please leave a message in the comments section. I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!
Wishing you a pleasant day!
Gold: Where are the bulls taking profits?
On the 15-minute chart for gold, the MACD is about to form a golden cross, which is a bullish signal. We entered a long position accurately near 1847 and are currently holding it, waiting for the first take profit level near 1853.
Thank you for your attention and support, please stay tuned as I will update our trading strategy at any time!
Gold surged and then retreated, waiting to short at 1819.How to maximize profit in real-time gold trading today?
The gold market in the US session has been unable to hold its ground, with clear signs of weakness in the long positions, and the market is struggling to advance. The price briefly surged near 1822 but was quickly pushed down, with three failed attempts to break the resistance level. Overall, the market is in a weak consolidation phase.
On the 4-hour chart, the price is still under strong pressure, and the K-line has not been able to touch the moving average, indicating resistance to further price increases.
Therefore, my real-time short-term trading strategy focuses on selling short. I recommend buying a short position near 1819, with a stop loss at 1826 and a target price at 1809, the support level where we previously entered long positions.
Investors can choose their own profit-taking points during the process of making profits based on their trading styles.
Please note that the above is only a short-term trading opinion. If there are suitable opportunities, I will notify promptly.
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Entering a short position at 1819.
Currently, gold has reached the short selling position of 1819 mentioned in the previous article, so the strategy is to directly enter a short position.
It is recommended to short around 1819, with a stop loss at 1826 and a target price of 1809, which is our previous long support level.
Investors can choose their own profit-taking points according to their trading style during the profit-taking process.
Please note that the above is only a short-term trading opinion.
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Follow me to make trading easier!
Also, please check out my other ideas below at any time.
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Gold: Trading like this today will yield more profits
As expected, gold traded within the range of 1813-1823 in the last few hours yesterday and fell below 1813 today. Therefore, our first target is around 1804, as the trend has turned from bullish to bearish. When trading, it is mainly focused on shorting at high levels.
The chart is based on a 30-minute interval, and the first resistance to be faced today is near 1814. Only by breaking through it is it possible to touch the second resistance near 1823, and then possibly 1831.
1814 is considered the first resistance because it was originally a support level but has now been broken, turning into a resistance level. The same is true for 1823 and 1831.
To trade based on today's bearish sentiment, the specific strategy is as follows:
Start with a small amount of short trading near 1814. If there is a breakthrough, increase short positions in the range of 1819-1823, with TP set at 1813 and 1806, respectively.
When testing the support near 1804, if the support is effective, go long in the range of 1804-1806, with TP set at 1812 and 1819, respectively. Afterward, observe the resistance near 1823 to determine the next trading direction.
I will continue to track the market trends in real-time and share strategies. Thank you for your support and attention, and I hope you continue to follow me as it will contribute to the completeness of the trade. I will also share more interesting trading strategies for you to refer to! If you have any questions, please leave a message in the comments section, and I will provide you with the most reliable solution with the most serious and responsible attitude to help you solve the problem!
Wish you a pleasant day!
GOLDWelcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800. It is a very strong support. The second scenario is the collapse of gold to retest it. model. Double top or bottom
Long position in gold 1809 with bullish outlook.
We have entered a long position on Gold (XAU/USD) at 1809 and the current candle is showing a strong bullish momentum. Additionally, a Morning Star pattern has formed at the bottom of the chart, which is indicated by a bullish candle that engulfs the preceding bearish candle, followed by a Doji or spinning top. This combination of candlesticks is a signal of a potential bottom.
The immediate resistance level to watch is near 1833, and there is also the release of the Nonfarm ADP data in the evening, which is likely to push Gold to the 1833 level. The chart also shows a clear double-bottom formation, which supports a bullish outlook.
Our strategy is to hold on to our long positions with a target profit near 1833 and a stop loss at 1802.
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Buy gold now.
Gold has support at 1830-32below, and it has basically returned to this level after the pullback. The distance between the moving averages and the K-line is relatively far, and the moving averages and the K-line have mutual attraction, indicating a likely return to the moving averages. Therefore, we can directly enter a long position at 1833 for gold. Are you ready? Opportunities do not always come, so we must seize them when they do.
Trading strategy: Go long on gold at 1832, with a stop loss at 1823 and a target of 1852.
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What to do if your long position in gold is trapped?
Hello everyone, today gold continued to fall after breaking through the support level of 1841, and there is currently no sign of a rebound. The key focus now is on the resistance around 1842. If it cannot be broken, the gold price will further decline to around 1830-1833.
Currently, there may be many friends holding long positions in gold. Don't worry, first add to your long position near 1837 and take profits around 1842 when it rebounds.
After taking profits, observe whether 1842 can be broken. If it can, then continue to hold onto your long position from earlier. If it encounters resistance and falls, you can choose to short gold and take profits around 1833.
Thank you for your attention and support. I will continue to track changes in the market. If you have any questions, please leave a comment and I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!
Gold: Trading like this today can be profitable
Hello everyone, on the 30-minute chart, gold is currently oscillating in the range of 1845-1851. The MACD indicator is temporarily in a golden cross formation, but its performance is relatively weak, and there are already signs of a death cross forming. This indicates an impending correction.
On the 1-hour chart, the MACD is about to form a golden cross. If this happens, it means that there will be a large bullish candlestick coming up.
However, on the 2-hour and 3-hour charts, the consolidation phase is not yet over, so it is highly likely that gold will continue to oscillate today, with a range between 1842-1857. Our trading strategy for today will revolve around this range.
Thank you for your attention and support. I will continue to track market changes. If you have any questions, please leave a comment, and I will provide you with the most reliable solutions in the most sincere and responsible manner to help you solve your problems!
Gold: Forecast and Trading Strategy for Next Week
In the world of trading, the players control the game, the observers understand the game, and the participants play the game within the game.
What goes up high enough will eventually fall deep enough, and what falls deep enough will eventually rise high enough. This is an eternal logic in financial markets, where the core lies in volatility that creates value and opportunities. Investors and speculators participate only when there is volatility.
The financial market itself does not generate profit, but the speculative price difference of buying low and selling high can produce profit. It is nothing more than buying when someone else sells, or selling when someone else buys. Therefore, to avoid being eliminated, one must understand the game, and to understand the game, one must abide by the market rules.
Looking at the daily chart of gold, the downward wave has ended and the rebound phase has begun. Next week's pressure is concentrated in the daily Bollinger upper band at 1875 and the 1870 moving average area! Moreover, on Friday, the market directly broke through the pressure of 1850, so the trend next week will continue to be bullish. After rising above 1870, consider going short!
There are two possible trends for the next market. The first is to continue the strong upward trend, directly breaking through the pressure of 1875 and testing the previous high position. The second is to maintain the oscillation within the large range of 1870-1800! Looking at the weekly chart, the bullish trend is slightly stronger, but a big oscillation is inevitable after rising to around 1875!
In short, the strategy for next week is to go long first, adjust the mindset according to the trend after the pressure position, and follow my rhythm to continue making profits!
Gold breaks through previous highs, bulls will continue to rise
The maple leaf ignited a fire in the forest, it was after experiencing the blow of the frost: the big tree stood proudly in the snowstorm, it was after taking deep roots in the soil: you——stand out and make a big splash, it is in After practicing calmly and steadily.
Gold chose to break through directly on Friday, and did not choose to fall back again in the 1844~1847 area. Now that the market has made a choice, it has opened up short-term upside space, and the next pressure is located at 1864~1873. For gold operation, it is recommended to buy at 1848, risk control at 1844, and target 1860~1864.
Gold is bullish for several reasons:
1. Gold breaking through the previous high means that the bullish trend is not over yet, and there is still room above the daily closing.
2. The pressure within the day is 1864~1873, and the support is 1849~1845.
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