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RSI is oversold, suggesting a bottom-picking signalAlthough the unexpected cold non-farm data last Friday failed to push gold prices above the key resistance of $2,930, the logic of gold's rise has not been shaken - the five core supporting factors of global central banks' increased holdings, continued inflows of ETFs, surge in demand for physical gold, deepening of the U.S. debt crisis and excessive money supply are constantly consolidating the long-term bull market foundation of gold. From a technical perspective, the daily MACD maintains a golden cross and the energy column expands. The weekly big positive line has established a medium-term upward trend. 2,990 is only the first target, and 3,000 or even higher may become the new normal. The short-term market is in a volatile adjustment, but this is a necessary accumulation stage for a healthy rise. The current gold price is repeatedly pulling back in the range of 2,918-2,890, which is essentially a process of digesting previous profit-taking and waiting for new catalytic events. If it can effectively stand firm at the key support of $2,890, it is expected to restart the upward trend and challenge the historical high. It is worth noting that against the backdrop of the continued rise in expectations of the Fed's interest rate cuts, the spillover of geopolitical conflict risks and high global inflation, the dual attributes of gold's "anti-inflation + safe-haven" will continue to attract capital inflows. The general trend is still mainly to go long after falling back to lows. Gold strategy suggestion: continue to go long after falling back to around 2900-2910.
OANDA:XAUUSDLong
by TP_Daniel
Seize the opportunity to go long on goldFrom the trend point of view. Comparing the long and short positions, the long position is still slightly stronger. At present, the gold price fluctuates in a narrow range around 2905. There is no major news to boost or suppress the gold price in the short term. From the trend point of view, it is obvious that the rebound of gold is not enough to support the rebound and continuation of the breakthrough of gold. Therefore, after consuming a certain amount of short-selling power, the bulls will regain control of the situation, and there will be very good trading opportunities for long gold. Now we are long gold around 2905-2910. The target is 2915-2920 area, wish us good luck! Brothers, are you following me to go long on gold?
OANDA:XAUUSDLong
by TP_Daniel
Gold is expected to break out of the current rangeThe daily chart shows that the international gold price has fallen into a high-level shock consolidation trend after rebounding from a one-month low. The current price is repeatedly sawing in the 2900-2930 range, and the market's long and short forces tend to be balanced. Technical indicators show subtle differentiation: the 5-day moving average and the 10-day moving average form a dead cross and then turn upward, suggesting that there are signs of stabilization in the short term; the momentum of the MACD indicator candle chart continues to shrink, but the dead cross rhythm has slowed down; the KDJ indicator forms a low-level golden cross, and the RSI indicator rebounds from the oversold area, indicating that market sentiment is turning from pessimism to cautious optimism. However, the upper 2930 area gathers multiple pressures-this position is both the rebound high last Friday and the key resistance level of the previous failed breakthrough, suppressing the further upward space of gold prices. In terms of fundamentals, the US non-farm payrolls data in February was unexpectedly lower than expected, reinforcing the market's expectations for the Fed to cut interest rates this year. Historical experience shows that interest rate cut cycles are often beneficial to interest-free assets such as gold, which provides medium- and long-term support for gold prices. But in the short term, the market still needs to wait for more economic data to verify the Fed's policy stance. During this period, gold prices are more susceptible to fluctuations in the US dollar index and changes in US bond yields. Focus on the key support level of 2900 above $2930 as the primary pressure target. If US economic data continues to weaken, gold prices are expected to break through the current range of fluctuations and retest last year's highs. Operational advice: Go long near 2905-2910, target 2915-2920.
OANDA:XAUUSDLong
by TP_Daniel
3.10 Gold short-term operation analysis and suggestionsIn early Asian trading on Monday (March 10), spot gold fluctuated in a narrow range and is currently trading around $2,912.60 per ounce. Gold prices have fluctuated at high levels for three consecutive trading days, but they still rose 1.65% on a weekly basis, helped by safe-haven inflows and the U.S. employment report showing that job growth in February was lower than expected, suggesting that the Federal Reserve is expected to cut interest rates this year. In addition, the volatile tariff policy of U.S. President Trump has also increased uncertainty. Gold continues to fluctuate in a range, and the overall trend is in an upward trend. After the adjustment, the price of gold will continue to rise. The idea is to continue to step back on low-multiple operations. Pay attention to the 2898 support during the day. Relying on this position, short-term long, stop loss 2889, stop profit at 2922/2932. Breaking the 2932 suppression is expected to further rush to a new high. In addition, if it falls below the support near 2889, coupled with the recent strength of the U.S. dollar, gold may fall further, so if it falls below the support, don't consider continuing to go long, pay attention to the risk. March 10th gold short-term trading: long near 2898, stop loss 2889, take profit 2922/2932 Backup ideas: (fall below 2889, rebound to 2896 and continue to short, stop loss 2904, take profit 2880-2876)
TVC:GOLDLong
by AIan_Gold
1
Gold (XAUUSD) is now rangebound (2893-2928) round about 350 pipsGold (XAUUSD) is now rangebound (2893-2928) round about 350 pips price in range. The consoludations periods will end with a high-pressure move. On the other hand, the US Index is at the support level. The rangebound market is good for scalpers like price movement in range; they buy from the bottom and sell from the top. But in my view, the market makes 4 times the top and gives them the respect, and 5 times the bottom level. Now wait for the breakout and the confirmations of the breakout. The possible best setups is following: Selling Zone: 2922-2928 Stop loss should be above 2932 Take Profit Level: 2917, 2908 and 2890 The buying level should be 2896-2892 Stop loss; 2886 Take profit levels: 2905, 2916, and 2928. Keep in mind; The market price changed every second, and do follow the analysis with your own risk and take 1% of the account.
FOREXCOM:XAUUSD
by Bloom_Forex_Official
Gold strategy layout and operation suggestions for next weekAt present, the international gold price is in a range of fluctuations, and the game between long and short forces in the market has intensified. Technically, the gold price has formed a key suppression at the 2930 line. This position is the starting point of the previous decline. After several unsuccessful attacks, this resistance level has put obvious pressure on the short-term gold price. If it can break through effectively, it may launch an attack on the 2955 mark; on the contrary, if it encounters resistance and falls back, the lower support level will move to the 2900-2895 US dollar area. Technical indicators release bearish signals: From the daily chart, the gold price has ended the previous two days of continuous positive rebound and turned into a weak oscillation pattern. The price fluctuation has narrowed to near the middle track of Bollinger, indicating that the market direction is temporarily unclear. However, multiple indicators at the 4-hour level show consistent bearish signals: the KDJ indicator is blunted at a low level to form a clear downward momentum, and the MACD fast and slow lines turn downward and are accompanied by the release of bearish energy, suggesting that the gold price may continue the correction trend. In addition, MA5 and MA10 in the moving average system form a dead cross, further strengthening the short-term bearish expectations. Gold operation suggestions for next week: short near rebound 2925-2930, stop loss 2938, target 2905
OANDA:XAUUSDShort
by TP_Daniel
Chasing the gold wave and steering the direction of wealthFaced with the complex and ever-changing international situation, geopolitical conflicts and economic data fluctuations, as a qualified trader, he can always unravel the mystery, predict the trend of gold prices from the macroeconomic pattern, and skillfully grasp the timing of entry and exit. In the field of gold trading, his forward-looking analysis of industry trends and in-depth research on corporate fundamentals help tap potential markets and avoid potential risks. If you are interested, you can leave me a message and follow me!
OANDA:XAUUSDShort
by TP_Daniel
Gold trading continues to win and make profitsFriends who followed me to short in the 2920-2925 area, I made a profit of 140 pips this time, which is a good trading result. It has been proven to be effective. Others are still waiting and watching. I directly hit hard to short gold. This wave of operations is a sure win. Just wait and count the money. This week's cumulative profit reached 30k. This achievement is inseparable from the close tracking of the market, the flexible use of technical analysis, and the accurate interpretation of fundamental news. Next week we will continue to maintain a rigorous trading attitude, optimize strategies, and continue to write good results in the gold market. You can move your fingers and join my channel to make making money a pleasure. If there are good trading opportunities later, I will share them again in the channel. If you want to make money happily, you can join my channel.
OANDA:XAUUSDShort
by TP_Daniel
Seize the opportunity to short goldTrading must have methods and rules, and it is not done casually based on feelings. In addition to trends, the market also has time points, and the position and time must match. Therefore, risk control is the first consideration. Only with appropriate position management can you dare to do it and take it, not afraid of stop loss, and gradually stabilize profits according to the trading system. So in the short term, you can still try to short gold again. I have already shorted gold near 2920-2925. The target is 2910-2900 area. Wish us good luck! Brothers, are you following me to short gold?
OANDA:XAUUSDShort
by TP_Daniel
Keep an eye on gold! Wait for the best time to enter the marketOn the road of trading, impatient people often lose their way, and only those who are patient can grasp the real opportunities. If you don’t have a good position to participate in the transaction, it is just right to hone your mind and let patience become your trading background. When the time is right, you can reap rich rewards in one fell swoop.You can move your fingers and join my channel to make making money a pleasure. If there is a good trading opportunity later, I will share it again in the channel. If you want to make money happily, you can join my channel.
OANDA:XAUUSDShort
by TP_Daniel
Gold 2919-2925 short, waiting for non-agricultural guidanceBefore the non-agricultural data is released, the short-term trend is likely to continue to fluctuate. At present, the amplitude of the fluctuation is too large. The current support below is maintained at 90, and the pressure above is maintained at 20. In the short term, we can do some oscillation operations around this range. Once a breakthrough occurs, we can continue to follow up in the later stage. The previous value of non-agricultural data is 14.3, and the expected value is 16. The value in the evening is likely to be higher than 16, which may also have a negative effect. In the day, we still wait for the bulls to pull back and short near 2919-2925, and the target is the area near 2910-2900. You can move your fingers and join my channel to make making money a pleasure. If there is a good trading opportunity later, I will share it in the channel again. If you want to make money happily, you can join my channel.
OANDA:XAUUSDShort
by TP_Daniel
Short gold and make huge profits againFriends who followed me to short in the 2920-2925 area, I made a profit of 140 pips on this short, which is a good trading result. It has been proven to be effective. Others are still waiting and watching. I directly hit hard to short gold. This wave of operations is a sure win. Just wait and count the money. This is the fast trading strategy, a beacon on the road, guiding your direction and allowing you to see the road clearly in the dark. If you are interested, you can join my article channel at the bottom.
OANDA:XAUUSDShort
by TP_Daniel
3.7 Gold short-term non-agricultural comingFundamental analysis Tariff policy shows signs of easing, but risks have not been completely eliminated Recently, the United States has postponed the implementation of the auto import tariff plan for Canada and Mexico, which has eased the economic and trade tensions in North America to a certain extent. However, this postponement is not indefinite. More importantly, import tariffs in other countries and regions are still in the process of being prepared or implemented, and potential uncertainties may still erupt again at any time. Driven by a series of previous tariff policy news, gold prices have repeatedly received safe-haven support. Although there is a slight correction at present, it is still near the historical relative high. Technical analyst interpretation: Currently, gold is fluctuating around $2,900/ounce. Overall, bullish confidence remains solid, but it also faces a large technical barrier in the short term. The following are several key observation points: Key levels and support and resistance Intraday key level: $2,914/ounce If this position can be effectively broken through, it may attract more bulls to enter the market and pave the way for further impact of $2,934/ounce (R1). R1 resistance during the day: $2934/oz If the gold price breaks through this level, the next target will be $2950/oz (R2), and approach the historical high of $2956/oz on February 24. Once it approaches this high again, the market may experience a new round of violent fluctuations. S1 support below: $2899/oz, coinciding with the $2900/oz mark This area is a short-term long-short watershed. Once the shorts successfully suppress the price below $2900/oz, the bullish sentiment is vulnerable, and the risk of a short-term correction will also increase significantly. If it effectively falls below $2899/oz, the gold price may continue to fall to $2879/oz (S2), which is another possible long defensive position. High consolidation and correction risk From the overall market situation, the gold price has been strong since the end of last year, constantly refreshing the interim highs. However, as the market digests the Fed's expectations of rate cuts, bullish sentiment may be blunted at the current position. In addition, if the ECB or the United States' policy expectations change again, causing funds to reassess the prospects of global economic recovery and monetary policy, gold may also face certain pressure to fall from highs. Pay attention to the operation of gold prices in the range of $2,900-2,934/ounce: If the bulls continue to fail to break upward, it is advisable to be alert to the potential correction caused by high-level profit-taking; and once the positive news is released, the possibility of gold prices quickly breaking through $2,934/ounce and heading straight to the $2,950-2,956/ounce area cannot be ignored.
TVC:GOLD
by AIan_Gold
1