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Which way will gold trend before the release of non-farm payrollMarket analysis: Yesterday, the gold market opened at 2448 in the morning, and then the market rose to a high of 2458.3, and then fell. The daily line reached a low of 2430.1, and then the market started to rise. The daily line reached a high of 2462. during the US trading period, and then the market fell back in the late trading. The daily line finally closed at 2446.3, and the daily line closed with a long-legged cross star pattern with equal upper and lower shadows. After this pattern ended, the daily line market was close to the upper Bollinger rail pressure, and whether it could go up further depends on the evening non-agricultural guidance. In terms of points, the long positions of 1996 and 2028 below, the stop loss is followed at 2250, and the long positions of 2434 and 2431 yesterday were reduced and the stop loss was followed at 2431. With the upcoming release of non-agricultural data and the possibility of a full-scale conflict in the Middle East, and the corresponding explanation of the Fed Chairman on the September rate cut, I believe that everyone has a basic judgment on the trend of gold. My personal analysis is that gold will reach a historical high If you have other ideas about this point of view, please like it and write your ideas in the comment area
TVC:GOLDLong
by David_strategy
Gold bulls can soar to new highsYesterday Wednesday morning, gold opened near 2410, the opening shock down near 2407 to stop into the shock, long and short in 2410-2407 after a saw-saw a wave of low near 2403 to stop rising through 2410, the highest to 2412 line once again ushered in a low 2404, but unfortunately, the short did not open down, Instead, it is ushered in a bull counterattack to break 2420, as of the eve of the European trading, gold is also the highest rose to 2423 line to usher in a stop. During the European trading session, gold climbed further higher near 2425 and ushered in a halt to fall 2415, unfortunately, the bears did not have further lower momentum, long and short is therefore Mired in the range of 2422-2417 oscillations, in this sense, the market volatility is also Mired in bleak. And the United States trading period, the gold shock since 2417 ushered in a bull outbreak to pull up near 2429 ushered in a halt to fall, gold is therefore a flash down near 2419, followed by gold shock, until the midnight interest rate resolution and Powell speech, gold only ushered in a further climb, gold is therefore a surge to break 2430-2440, The highest level reached 2450, and finally gold closed at around 2447. - Can gold bulls hit new highs? Powell releases pigeons, can gold still top? - So for yesterday, Wednesday operation I also said.2420-2430 short, this is not much of a problem, and ADP data although the judgment is bearish is also a reversal, but the fact is, ADP more gold in the case, the market has no volatility, this point, the market is waiting for midnight Fed dynamics to choose the direction. So for the Fed's interest rate resolution and Powell's speech last night, I expected to be biased toward the eagle, but unexpectedly, Powell is the opposite of the dove, which also let me be caught off guard. Of course, in fact, it is not that the absolute pigeon is loud, relatively, as always likes to play tai Chi Powell, but also for the future market buried a lot of fodding, this point, you for the future market, also need to be careful. Of course, for the moment, after Powell's speech, the market is also waiting for a further outbreak of non-agriculture tomorrow, and, in the case of gold, which is currently at a high level, there may be a further baptism, which you need to be cautious about. So for last night, what did Powell say and what impact will that have on gold? First of all, for last night, Powell revealed that there are Federal Reserve officials support radical adjustment of interest rate policy last night, which undoubtedly intensified the market's bet on interest rate cuts, especially Powell said that inflation is no longer the focus of the Federal Reserve data, now the Federal Reserve is more concerned about the labor force and unemployment rate data. And also said that more will choose to consider whether to adjust the interest rate policy in September, that is to say, the market is currently focusing on Friday's non-farm employment data report and unemployment data, once the US labor force performance has slowed down slightly, then the September rate cut or will be a certainty, and considering the market institutions. Maybe the gold market may also face the possibility of further washing, this, you need to be careful about it. So, for today, on the basis of Powell's pigeons, can gold bulls usher in an outbreak of pull up? First of all, although it is said that Powell's pigeons are helping gold bulls, but you do not forget that gold has stopped rising since 2353, itself is the existence of the market to Powell's speech to put pigeons bet, and gold has risen 2450 since 2353, bulls have also erupted nearly 100 points, this wave of bullish impact is actually digested in advance, and to tell the truth, Even if there is the impact of interest rate cuts, gold is not so able to rise, if not for the two days of geopolitical risk to stimulate further support for gold bulls, gold is estimated to be unable to overcome even 2440, so in this case, I personally believe that bulls are currently facing exhaustion, and, can currently lead to interest rate cuts landing there are surprises, if the non-agricultural market on Friday is bearish, Then it will also reflect the strong labor market in the United States, which will lead to the occurrence of bull flight, which, for the current time, you are still cautious about it. So for today, in the morning, gold has been blocked from opening 2450 back to 2444 and has climbed, but generally speaking, gold is currently in the vicinity of 2450, in this case, I still reiterate the view of bearish peak, at present, although the bulls are strong, but more, I think the bulls are dying, For this pull up, although it will stimulate the market to buy further sought after, but the relative, will also trigger the market institutions harvest opportunities, for the current, I personally think that the gold stage reached the top, if you have the opportunity or batch layout of the long-term empty single defense. Above, 2460 can not break the preliminary layout, and further defend 2470-2480 to find the opportunity to layout. Below do more need to wait for 2420-2400 not to break again to participate, of course, for today, make up to exclude the possibility of further exposure to market control baptism, you remember to pay attention to random response.
OANDA:XAUUSDLong
by Transactionheadhunter01
Waiting for recovery to buy✨Fundamental Analysis Gold prices extended gains and traded near the psychological 2400 level. The US Personal Consumption Expenditures (PCE) price index data released on Friday showed a modest increase in inflation in June and raised expectations of the imminent start of the Federal Reserve's (Fed) interest rate cutting cycle. This led to further declines in US Treasury yields, which also supported gold prices. Traders also preferred to wait for the outcome of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. This, along with important US macroeconomic data scheduled at the beginning of the new month, including the Non-Farm Payrolls (NFP) report, will provide fresh impetus to gold. ✨Technical Analysis Buyers are struggling to capitalize on the bullishness in the European session to push gold towards the 2,400 level. Meanwhile, the momentum above the $2,400 round figure is likely to face some resistance near the 2,408 area, around the $2,432 area. On the other side. The immediate support that gold receives is around the 2,382-2,380 level. Weakness below $2,380 may be more unlikely to push the price back to the breakout zone, currently anchored near the $2,360-2,359 area. The bullish trend is preferred by investors and they are waiting for a nice retest to get a BUY signal in line with the main trend of the market. Resistance: 2408 - 2431 Support: 2382 - 2365 SELL price range 2408-2410 Stoploss 2413 BUY price range 2380 - 2382 stoploss 2377
CITYINDEX:XAUUSD
by TVS-Trader
GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
5
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
XAU/USD 01 August 2024 Intraday AnalysisH4 Analysis: Analysis/Bias remains the same as yesterday's analysis dated 31 July 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. After BOS/iBOS price is expected to pullback. Last analysis and intraday expectation was for price to pull back into discount of 50% EQ or H4 demand zone before targeting weak internal high which currently seems underway, therefore, intraday expectation remains the same. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price printed a bulish iBOS followed by a double bearish iBOS. Whilst the most recent bearish iBOS did not print a bullish CHoCH, I was happy to mark the internal low as price had reached 50% and in to premium of the internal EQ. After bearish iBOS we expect price to pull back, therefore, for an early indication that pullback has initiated we need to see price print a bullish CHoCH. Intraday expectation: Price to print bullish CHoCH to indicate pullback initiation before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
1-Hour Chart AnalysisVisit fourtrades website for more insight The 1-hour chart shows a clear uptrend with gold trading within an ascending channel. The price has recently tested the upper boundary of this channel and is now experiencing a minor pullback. A critical support level to watch is around $2,430, marked by the lower trendline of the ascending channel and previous price action. Key Observations: Support: $2,430 Resistance: $2,472 Potential Scenarios: Bullish Continuation: A bounce off the lower trendline could see the price retest the $2,472 resistance level. Bearish Correction: A break below the $2,430 support could lead to further downside, potentially targeting the next support level around $2,400.
TVC:GOLDLong
by FourtradesTV
The price of gold will continue to rise after the callback. Powell said that the probability of the next interest rate cut is very high. The gold price rose accordingly. At the same time, the news from Iran. Counterattack is only a matter of time. Once again pull the market sentiment. Risk aversion continues to rise. Cause gold to rise again. The highest reached 2450. After the opening, gold maintained at the 2446 line and continued to fluctuate. Intraday trading plan: Buy on callback. Wait for the increase of risk aversion. First pay attention to whether there is effective support at 2440-2443. COMEX:GC1! OANDA:XAUUSD TVC:GOLD
TVC:GOLDLong
by Eddy_Wealth
Gold is supported to increase☘️Fundamental Analysis: Gold prices are rising above $2,420 on Wednesday, reversing an intraday decline to $2,400. Israel’s attack on the Lebanese capital in retaliation for a rocket attack in the Golan Heights on Saturday has raised the risk of further escalation of geopolitical tensions in the Middle East. In addition, the outlook for sluggish global economic growth and the further retreat of the US Dollar (USD) from a near three-week high hit on Tuesday are in the gold’s favor. However, bulls may refrain from placing aggressive bets and prefer to wait for further signals on the Federal Reserve’s (Fed) interest rate cut path. Therefore, the focus will remain on the outcome of the two-day Federal Open Market Committee (FOMC) meeting, scheduled to take place later today. This, along with geopolitical developments, will determine the trajectory for gold. ☘️Technical Analysis: From a technical perspective, the recent rebound from the vicinity of $2,350 or the 50-day Simple Moving Average (SMA) support and the subsequent move above $2,400 favors bullish traders. Moreover, the oscillators on the daily chart have started to gain positive traction and support the further upside outlook. Moreover, the strength to break above the $2,412-2,413 zone reaffirms the positive outlook and would now lift Gold prices towards last week’s high around $2,432. Sustained strength to break above the latter zone would suggest that the corrective decline from the all-time high reached earlier this month is over. On the other hand, the $2,400 mark now looks to protect the immediate downside ahead of the $2,388-2,390 zone below which gold could slide back to the 50-day SMA, currently anchored near the $2,359 zone. A convincing break through the latter zone, leading to a further decline below last week’s low, around the $2,353 zone, would be seen as a fresh trigger for bearish traders and leave XAU/USD vulnerable. Resistance: 2429 - 2433 - 2459 Support: 2400 - 2392 - 2388 SELL price zone 2431 - 2433 stoploss 2437 BUY price zone 2391 - 2389 stoploss 2385 BUY scalp price zone 2399 - 2397 stoploss 2394
OANDA:XAUUSD
by TVS-Trader
The trend of gold has clearly shown a gradual upward trend Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge. In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment. In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good. Upward 2388-2402 Backward 2390-2380 The above is purely personal opinion.
TVC:GOLDLong
by David_strategy
9
The price of gold is about to continue to fall sharply. Go short at positions around 2369. The decline is about 10-15 US dollars. I am EDDY. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my updates. TVC:GOLD OANDA:XAUUSD BINANCE:BTCUSDT TVC:DXY
TVC:GOLDShort
by Eddy_Wealth
London market. Buying gold is the main activity. London market. Go long on gold at around 2368-2371. Target is around 2383. Ultra-short-term trading looks for a trend rebound. I am EDDY. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference. If you are still confused about the trading market, you can continue to pay attention to my updates. OANDA:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY
TVC:GOLDLong
by Eddy_Wealth
Super data week. Gold is still mainly long at low levels. Last week, I said in advance that the target for next week would be at least 2400. Investors who followed me last week should know it. Today in the Asian market, this target was achieved. Investors who followed the accurate signal trading also made good profits. From your messages, I saw the results. The London market allowed some other investors to short the gold price, which also achieved profit expectations. Currently in the New York market, the gold price stopped at 2374 after a sharp drop. My idea is based on the US dollar rate cut. Gold still has some substantial increases. At the same time, this week is a super data week. Some economic data are enough to make gold reach a certain height. So I personally still focus on long positions The current gold price is at 2376. My expected buying position is at 2370-2365. This is a good position for long gold prices, and there are some dense trading areas above. So there is resistance. Therefore, investors with large funds can buy in advance and then add buy orders at low levels. However, for accounts with small funds, I suggest that you operate prudently and start at low levels. The above are some of my thoughts today. FOREXCOM:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY COMEX:GC1! OANDA:XAUUSD
TVC:GOLDLong
by Eddy_Wealth
Continue to go long on gold. In the short term, gold prices will also touch 2393-2400. Emergency events escalate. Risk aversion sentiment rises. Going long on gold prices in the Asian market is a good option. I am Eddy. Senior Financial Analysis Consultant. I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my upd FOREXCOM:XAUUSD COMEX:GC1! OANDA:XAUUSD TVC:DXY TVC:GOLD ates.
TVC:GOLDLong
by Eddy_Wealth
Gold Wednesday Trading Strategies and Signals xauusd July 31, 2024. Today is Wednesday. It is also the last day of July. Today's trading will be very complicated. Today there is news about small non-agricultural data. Today there is also news about the Fed's interest rate decision. And the Fed's speech. Three major events will lead the beginning of the big gold price fluctuations this week. The next few days will be very large trading fluctuations. Gold ushered in the first round of official rise yesterday. But there are many resistance prices above. So if gold starts the violent rise mode. We can choose several resistances to sell: Key price for selling: (profit 40pips as the target) 1/2436-2439 2/2447-2451 3/2457 as the key price for observation. After the breakthrough, we can wait for 2470 to sell. Of course, anything in the trading market is possible. I will also give the buying transaction price: 1/2392-2395 (try to buy at the first pullback) 2/2369-2372 (starting point. Buying again is inevitable) 3/2347-2352 (strong resistance. Buying can get more than 80pips profit) The above is my suggestion for today's trading. You will get good profits by executing according to the price, set sl. If you make a profit because of my signal, please like me and join me.
FX:XAUUSD
by MaudEvans
Gold next week trading signal analysisAt the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also did recover the early losses and further profits, to the single, this month, profit and loss, the current statistics there are nearly 100 points of profit, The specific profit this month is about 98 points, this point, you can compare and verify yourself, in short, the list is one to one, this point, you can judge yourself. Of course, due to the actual and operational process will inevitably have a little accident, so the specific profit and loss, you also need to compare according to their actual situation, in short, as long as there is no accident, such as the market malicious washing and Chen Feng my state of instability, otherwise the cycle is just the number of profits, this, thank you for your persistence. So now, July is coming to an end, other, I am not greedy, there is a good ending on the line, then at the moment, other, I do not say much, directly to next week's market analysis, you can read the following reference to understand. -- Gold Friday market review -- Friday morning, gold opened in the 2364 line, the opening that fell into the 2364-2361 range of oscillations saw, but the good times did not last long, early in the morning, gold suffered a wave of crashing disc flash collapse in 2355, and then blocked to usher in a bull counterattack, gold is therefore a break of 2360-2370, the highest to 2379 line to usher in a stop back down, Long and short in the 2378-2370 range after a sawing encounter under 2370, but the bears did not usher in a further outbreak, but on the eve of the European trading stopped at 2368 ushered in a rebound 2375 line. During the European session, gold first went down a wave near 2365, and then stopped to usher in a slow rise in shock, gold is also slowly going up a wave near 2375 ushered in a stop shock, overall, during the European session, gold is deep in the 2375-2370 range. And the United States trading period, PCE data released bearish, but unexpectedly, gold did not usher in a sharp fall, but was blocked by 2371 ushered in a bull outbreak, gold is therefore broken 2380, the highest to near 2391 to usher in a halt, then fell back 2379 blocked into a wide range of volatility, long and short in 2390-2380 repeatedly saw, It closed at around 2,387. - Is gold hitting a stage bottom? Super week attack, gold long short how to choose? - At the end of the week, for this week, gold is also relatively ushered in a large fluctuation, at the beginning of the week, gold shock from 2400 above ushered in a short outbreak of 2383 stop rebound, gold on the eve of the outbreak of GDP data, the highest is also a rebound of 2431 line, then for this point, I also mentioned in the blog earlier, In the case of gold sticking to the see-saw near 2400, there must be a rebound near 2420, more likely to break 2420 and usher in a reversal plunge, then in fact, the market is also fluctuating as I analyze, after all, as of Thursday, GDP and unemployment benefits and PCE data are all as bearish as I analyze. Gold is also expected to usher in lower 2360, and for this I also said, gold is expected to usher in a stage bottoming out in the 2360-2350 region, and gold is also in the 2353 ushered in a recovery, just said Friday Chen Feng I expect PCE more help gold bulls counterattack 2400-2420, in fact, The highest also rose to around 2391, which is still a little gap with my analysis, but in general, PCE explosion and negative rise this is a fact, this, you can read my recent analysis blog to verify. So what about next week's gold bulls and bears? In fact, for this point, I don't need to say that you all know that next week's market is not simple, after all, for next week, the Federal Reserve interest rate resolution and Powell's speech came, coupled with the multiple outbreaks of ADP, PMI, unemployment benefits, non-agricultural, unemployment rate and other data, in terms of this market, I think it is limited ability to make a clear prediction and control. In fact, I can't blame me, after all, the current gold market, institutional control of the influence is too big, the influence of the data is limited, moreover, in the near future, the surprise of the data is also slightly increased, take Thursday, PCE data range is so lower than the previous value of the case, Friday's PCE annual data is actually synchronized with the previous value, in terms of this possibility, Minimal probability can appear, which also reflects the current market is not calm, especially at present, the market expects the possibility of the Federal Reserve rate cut in September is a certainty, and then refer to the current inflation slowdown and the Federal Reserve officials said that the need to cut interest rates in advance of the speech, maybe this week will usher in the rate cut landing is not necessarily, so in this case, you also need to be cautious. Of course, for next week, if the data is positive, Powell does not rule out the possibility of further eagles to fight interest rate cuts, this point, you must not blindly bet on the short. So for next week, at the beginning of the week, we must still look at a wave of rebound, after all, gold on Friday since the 2355 stop to rebound, this wave, gold is also facing a stage of bottoming out, after all, in any case, in the case of excessive interest rate cut expectations, gold since 2483 high 2353, Bears have ushered in a fall of 130 points, in the short term, gold also has a certain rebound demand, coupled with the current interest rate minutes and Powell's speech in the case, gold will have a high probability of buying expectations to pull up, that is, before Thursday, gold will have a high probability of further impact 2420-2430-2450, of course, Do not be too happy too soon, after all, for Powell's speech, his remarks are often disappointing, once Powell unexpectedly put eagle in this speech, coupled with the strong non-agricultural employment performance, that gold may also usher in the possibility of further collapse, for next week, the focus is to pay attention to the market news situation and then choose the future market, All in all, next week, the market will inevitably have malicious control of the situation, you must remember to pay attention to the control of risk. So for next week, Monday, it is expected that gold will not have any big high and low open possibility, in this regard, for Monday, you can focus on a wave of 2390 can be successfully broken, of course, if 2385-2380 does not break, you can also directly see more than 2400 mark gains and losses, such as successfully broken 2400, Then do more directly on the trend to see 2420-2430. Of course, if you break 2380, you can also wait for 2373-2370 not to break again. All in all, for next week, try to keep back to the long to layout, short cautious. As for the specific analysis and operation details, I will make an update on Monday, please remember to strictly follow my requirements to control the position and stop loss basis.
OANDA:XAUUSDLong
by Transactionheadhunter01