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
Goldpreis
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.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Gold: how to choose between long and short?At presentthe, fluctuation range of gold was not significant, The main strategy today is still to continue buying with support at 1830 and selecting appropriate entry points.
Shock stage,waiting for a breakthrough. Above the 1830 support in the morning, a small pullback can be directly used as an entry point for long positions. Breaking yesterday's high point will further rise to the pressure zone of 1850, and the short-term resistance above is still the 1850 level, which has been repeatedly tested last week without a breakthrough. This area is still our short-term target for bullish trading and the area of consolidation resistance to focus on. If broken, further upward movement to the 1880 level is possible.
(I believe that the label on the first picture is relatively clear, and friends who are unclear or have other ideas can leave a message below for discussion.)
Technically, the MACD has formed a small-period dead cross, and there is currently a demand for adjustment. Without new driving force, the market's wait-and-see sentiment is relatively heavy, requiring sufficient patience.
My personal trading strategy is to buy gold near 1834, with stop loss at 1827 and take profit at 1850. Specific predictions and corresponding buying and selling points have already been marked in the process, which should be relatively clear.
The market is constantly changing, and everyone needs to keep track of it at all times. Click the rocket for updates.
GOLD BUYWelcome . gold market . In very positive condition. With a very strong model. Head and shoulders. And break it with a very positive green candle. There is a lot of pressure from buyers to lift the market. To 1860 levels in the first stage. And the second stage 1870 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: Long position, target 1870-1875
Hello everyone, on the hourly chart, gold has formed a double bottom structure and forcefully broke through the previous moving average resistance and the consolidation resistance at 1850. There is no doubt that gold has turned into a bullish trend! Therefore, the only trading strategy is to go long! The target is 1870-1875, which is where the upper band of the Bollinger band is located on the daily chart and has a certain resistance, so the target is set at 1870-1875 for now.
The entry points are 1850, 1845, and 1840 respectively. This large range belongs to the support range and is more suitable as a buying point.
I will continue to track the gold market and update my trading strategy. Thank you for your attention and support. If you have any questions, please leave a comment and I will provide you with the most sincere and responsible solutions. Wish you success!
New gold layout with a profit of $100!!!From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%.
At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data.
Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data.
If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone.
I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
The bulls counterattack, can the non-farm week go up to 1900?
You understand when others don't understand, you act when others understand, you succeed when others act, and you become rich when others succeed. This is: extraordinary thinking, foresight. Smart people can understand, shrewd people can see accurately, and savvy people can see far. The voice of the wise is the direction of the fool. You must learn to give up what you should not have, otherwise you will not be able to enter the palace of wisdom. Prejudice is worse than ignorance
In the past week, the trend of gold price has basically revolved around the rebound of the bulls. The daily level performance closed positive for four days, and it even rose to 1856 at the end of Friday and then closed the line. On the weekly line, a big positive package was formed. The negative reversal pattern, which is what we reminded last week, is the long counterattack after the monthly line ends, which is exactly in line with expectations~
After the monthly line closes, the 5/10 daily moving average indicator at the monthly line level is still bullish in the mid-term. As I said, if the price of gold is above 1790, it is possible to arrange mid-line long orders, but it is a pity that the lowest retracement on Monday is only around 1804, and the mid-line long orders have not been able to complete the layout, but this week's short-term long-term profit is not small~
Although the weekly level of the 5/10 daily moving average is dead fork downward, the reversal of the Dayang K-line directly disrupts the track of the moving average indicator. Next week, the 5-day moving average will form a corner, so the weekly level is basically difficult. Now comes the suppression on the technical side. Lianyang rebounded on the same daily line. The fundamentals of gold at the beginning of next week will definitely be bullish. It is not too difficult for the technical side to be bullish above 1875. In the short term, there may not be any Larger pullback~
Next week will usher in the announcement of the super data ADP employment and non-agricultural employment population. At the beginning of the week, we continue to be basically bullish. With a population of 500,000, it is a major bearish force for gold and silver, but it is difficult to maintain the employment population above 500,000 this month. This is a potential bullish factor that stimulates gold prices to rebound before non-farm payrolls, slowing down the release of non-farm payrolls. Announcing the downward pressure on the US dollar at that time~
To sum up, whether it is before or after non-agricultural, I am personally optimistic about the performance of gold bulls. Before the data at the beginning of the week, it was bullish to the 1875-1885 area, and it is expected to hit the 190 mark within the week. The limit is the 1910-1920 area~
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
It caused gold to drop by $100!!!Due to the release of the February non-farm payroll data, gold fell nearly $100. This month, we will soon face the baptism of another major non-farm payroll data, which is a great opportunity for gold traders. As long as we grasp the trend correctly, the profit from a single trade can be considerable. This data will be released on March 10th.
As of the close on March 3, gold has broken through the resistance level of $1850, and the next resistance level of $1860 is within sight. Therefore, in next week's trading, I will continue to go long on gold until the trend changes. I have also prepared myself for the release of the non-farm payroll data, and I believe the results will be very friendly. Let's wait and see.
Here, I will explain how non-farm payroll data affects the price of gold:
The number of non-farm payroll employees is the main indicator of the US employment market, and its impact on gold is significant. Generally, if the non-farm payroll employment number is higher than expected, it means that the US employment and economy are improving, which is good for the US dollar but likely to cause gold to fall. Conversely, if the employment number is lower than expected, it means that the US employment and economy are declining, which is bad for the US dollar but likely to cause gold to rise.
Of course, this is not entirely certain , as unexpected situations may arise. For example, sometimes the market may move in the opposite direction to the data, where the released data is better than the previous value (i.e. bullish data), but gold prices fall. Conversely, sometimes the data is bearish, yet gold prices rise. There are many reasons for this, such as the difference between the released data and the forecast being too small to make a significant impact, the market having already priced in the information before the data release, or other events occurring simultaneously that have a greater impact on the market.
Therefore, when trading, we must pay attention to these aspects of influence and not rely solely on the positive or negative aspects of the data to decide whether to go long or short. I have prepared myself for trading non-farm payroll data, so follow me and let's maximize our profits together!
Gold 1830 is more direct, the US market is bullish
The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly
Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend
Do it when the trend comes, don't go against it
Gold is more than 1830, stop loss 1822, target 1845-1850
I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more
OANDA:XAUUSD
XAUUSD top-down analysis,UPDATEDHello 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.
Opportunity to buy (XauUSD) on February 23, 2023Gold price is under pressure by some 0.3% on the day and remains in the hands o the bears following the first Federal Open Market Committee Minutes of 2023.
The minutes were released whereby investors have been searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps hikes. The minutes showed that a few participants had favoured raising rates by 50 basis points which has put a bid in the US Dollar but left the US Treasury Yield relatively stable. This has left the Gold price somewhat pressured around the low of the day near $1,825.54 after the yellow metal fell from a high of 41,846.05 earlier in the day.
Support level: 1,811,30 1,797.45
Resistance levels: 1,838.90 1,854,00 1,870.50
Transaction recommendation:
Buy at the price area 1823 1824
Stop Loss: 1820
Take Profit 1: 1830
Take Profit 2: 1835
Take Profit 3: 1840
Sell at 1861 1859
Stop Loss 1863
Take Profit 1: 1854
Take Profit 2: 1847
Take Profit 3: 1840
Note: Always install TP and SL in all transactions