Goldrush
Gold Trading Analysis·Trends
Spot gold fell below $2,150 per ounce for the first time since March 7, down 0.28% on the day.
Now the price of gold is under pressure from above around $2,147, showing a downward trend.
What needs to be noted is whether the price of gold can fall below the $2,140 line.
If it receives strong support below at $2,140, the price of gold will rebound. If it falls below the $2,140 line, you need to watch $2,130 below.
Therefore, I think a safer trade is to wait for the gold price to receive support from below, and then go long at a low price.
Recommendation: Go long when gold is around $2,140
TP: $2150
SL: $2130
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Gold analysis signals make you money easily
Hello friends!
According to the current gold trend, the gold price is now blocked at US$2182.0 and then falls. As far as the current trend is concerned, the gold price may fall at US$2160.0 as support. Pay attention to the gold price trend at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold analysis signals make you money easily
Hello my friends!
According to the current gold trend, the gold price has bottomed out and rebounded, and is blocked at US$2177.5. According to the current trend, the gold price may fall at US$2177.6 as support. Pay attention to the gold price trend at any time to make the right choice.
It is recommended to go long at low prices at this time
Go long around $2177.5
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis, easily make money for you
Hello my friends!
According to the current trend of gold, the price of gold has now risen to US$2,185. According to the current trend, the price of gold may rise and be blocked. Pay attention to the trend of gold prices at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis, easily make money for you
Gold trend analysis, easily make money for you
In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180.
Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute chart, gold prices continue to trade within an ascending channel. Gold prices surged to a record high after data showed a rise in U.S. unemployment, boosting expectations that the Federal Reserve may soon begin cutting interest rates.
Data released by the U.S. Bureau of Labor Statistics on Friday showed that the U.S. non-farm payrolls increased by 275,000 in February, higher than the expected 200,000. However, the number of new non-farm payrolls in December last year was revised down from 333,000 to 290,000. people.
The U.S. non-farm unemployment rate unexpectedly rose to 3.9% in February, a new high since January 2022, higher than market expectations of 3.7%, and the value before January was 3.7%.
The average hourly wage in the United States increased by 4.3% year-on-year in February, in line with expectations of 4.3%. The wage growth rate in January was revised down from 4.5% to 4.4%; the average hourly wage growth in February fell to 0.1% month-on-month, which was lower than expected. 0.2%, the previous value was revised down from 0.6% to 0.5%.
Spot gold closed up $19.38, or 0.9%, at $2,178.95 per ounce on Friday, with gold prices hitting an intraday high of $2,195.07 per ounce.
As I said before, the probability of gold rising is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
Therefore, the short-term recommendation for gold is to go long on dips. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2178
TP 2190
SL 2168
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Gold trend analysis, easily make money for you
March 9 News: Market expectations for the Federal Reserve's policy easing may be coming to an end. Expectations for the Federal Reserve's monetary policy to shift to easing are still dominant. The geopolitical situation is still tense. Global central banks continue to purchase gold. Adding to the possibility of the spread of the U.S. banking crisis, the impact on gold Form a mid- to long-term positive impact.
Gold recommendation: Going long at low levels is still the core. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2177
TP 2195
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
have a nice weekend!
Gold price trend analysis, easily make money for you
On Friday (March 8), the price of gold hit a maximum of $2,193. Gold prices were on track for their biggest weekly gain in five months, boosted by hints from Federal Reserve Chairman Jerome Powell that he would cut interest rates. Spot prices surged more than 3.5% this week, indicating strong investor expectations for a rate cut.
Gold prices are on the verge of their biggest weekly gain in five months and near record highs, buoyed by Powell's hints that a rate cut could come mid-year.
This week alone, gold spot prices soared by more than 3.5%, marking the largest weekly increase since the conflict between Israel and Hamas escalated in mid-October 2023, and is expected to rise for a third consecutive week.
Speculative trading has fueled the rise, but the underlying driver remains expectations of upcoming interest rate cuts, boosting gold's appeal. Meanwhile, the U.S. dollar is set for its biggest weekly drop this year, further increasing gold's appeal to investors holding other currencies.
The current resistance level is $2193.25 and the support level is determined at $2174.34
Combined with the current gold trend: it is predicted that gold prices will continue to rise;
Short-term recommendation: Go long around $2,175
TP 2190
SL 2165
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
Gold will continue to rise, follow me and make profits
Analysis of gold price trends after the release of non-agricultural data
On March 8, U.S. non-farm payroll employment in February exceeded expectations and wage growth slowed, further showing signs of healthy economic growth and slowing inflation. A report released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm employment increased by 275,000 last month, while non-farm employment in the first two months was revised downward by a total of 167,000. But the unemployment rate rose to 3.9%.
The U.S. dollar is falling due to rising unemployment, which will keep gold prices rising. As I said before, the probability of gold rising today is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
My advice: go long around $2180
TP:2190
SL:2170
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
$RUGRES 'August/2023 Accumulation'ECONOMICS:RUGRES
The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year.
“IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,” according to Krishan Gopaul, Senior Analyst at the World Gold Council.
Analysts reacted positively to the data, but some raised questions regarding Russia's gold production and where the precious metal is going.
Select the direction around the gold key point 2048 priceGold market analysis
Yesterday's gold bears are very fierce, directly fell to the strong support of the 2030 day line, market fluctuations are actually in our expectations, you can look at yesterday's analysis, we clearly told you that the gold bears will be strong, the morning 2064 directly dried out, the evening rebound 2049 again empty, and inform you in advance that 2030 bulls will desperately rebound, Estimated point accuracy to doubt life, today's gold rebound will fall again, will be in the game 2030 strong support, the daily shape is already short, the rebound is an empty opportunity, but also fell below last week's gold low, if the following two days of data without accident, the gold top will appear in this week's weekly line.
Gold today focuses on the position of 2048, this position is in fact an hour level of suppression, but in the current situation it is also difficult to break, the large form of pressure has been under 2057, the position is not broken later, the bulls have no chance to turn over, and the daily line this wave will show the goal of 2000 development
Pressure 2048 2057, support 2030, disk strong and weak water line 2048
Gold -- around 2048
sell
Goals 2030-2015
Gold continues to sell tonight! Suitable sell price around 2027!The gold gives the central sun cross on the axis
The reversal of the bear trend is almost complete
Although the completion of the cycle is somewhat earlier than expected
But that decline took just seven trading days
It is acceptable to complete the adjustment in two trading days if the shade is completed last Friday, which may be more favorable for the short-term peak, but the probability of a peak is very high!
Last week, Ling city gave the bottom of the general trend of the decline in the case of today's trading or choose to rebound short as the main line!
European trading signals:
2027 sold!
tp:2009!
XAUUSD Gold potential direction next weekOn Monday and extending through the week, there's a discernible bullish momentum. The key area of interest lies in the supply zone between 1930-1950. There are two plausible scenarios to anticipate:
The market could experience an immediate surge, surpassing the supply zone ranging from 1930-1950 without significant resistance.
Alternatively, we could observe a minor retraction where the market taps the 1940 mark and then undergoes a slight correction back to the 1900 area.
However, this would be a transient phase, as a subsequent bullish momentum is expected, powering through the aforementioned supply zone.
Should the market display a robust breakthrough beyond the 1950 benchmark, it would be a strong indicator of a sustained bullish phase, potentially soaring towards the 2100 mark.
Missed Last Rally of GOLD? No Worries, Follow This Setup Good to see gold is following us
Hope this Analysis will help you guys to plan your trades
I see an Order Block area in Weekly Time frame and sooner or later it will be fulfilled
This area would be a good long area for those who missed last rally of gold.
Cheers
DYOR
Weekly Analysis Update \ Gold; Friday 10 Feb 2023This week was a major chopfest and I hope nobody got blended.
We failed to take out the previous weekly low at the start of the week which meant I needed price to trade higher into a premium market to then allow central banks to reverse and go short from.
The target I sent on Sunday of 1890 hit perfectly on Thursday and immediately ran to the overall weekly target in one day's trading. This means they allowed Mon-Weds to chop and then deliver on Thursday similar to the US Equities.
Once the Gold rush bites you it is hard to stay away.
Have a good weekend, will update with a forecast for next week on Sunday. CPI data on Tuesday, stay safe.
GLD Monthly Breakout Imminent!11 month accumulation with a big range expansion in Feb. There is the possibility to expect a second level target here which would bring the price target to around $204. I'll wait till the end of Feb before entering to await confirmation of a breakout.
As long as the price stays above ~173.80 we will have a confirmed breakout.
Closing for the month above $173.80 would make the monthly range expansion greater than the previous candle, confirming the breakout.
$ABNB could go either way,but leaning to the bull sideNASDAQ:ABNB I has been consolidating in a large range from around 174-214. It tapped the 173.50 support a couple of times last week and may be looking to reverse and head back up to to the upper end of the channel. The confirmation would be the hold of the support while also breaking through the trend line(green), this would also serve as your safe entry. First price target around 186.50, second 198 and ultimate around 210. If looking at options, if the break happens this week, you could play the 190C weekly if you are risky. Or the safer bet is the 190C or 200C for 4/16.
A bear case would have the price failing to hold support at 173.50 and continue to fall and hold trend, with targets to the down side of 162.40 and 145.50
Bear Case for NVDANASDAQ:NVDA Take a look at NVDA on the Daily timeframe. It had a nice consolidation at the top, that looks a lot like distribution. It had a failed rally and then started to come down and test support and then another rally, this time on lower volume which is where we are right now. I failure to hold support in the 475 range could be the break needed for the mark down. This is based off the Wyckoff theory of accumulation and distribution. A hold above 475 and a break of the green trend line would invalidate this thesis.
XAU/USD TO 1980 FOR 2020 ELECTION major weakness in dollar + weary US election uncertainty (runoff guaranteed)
forming higher lows and failing to drop under major support 1840 (triple bottom here)
next 2 weeks can be shaky
bottom wick could form at 1898-92 upon market open*
1940-1970 demand zone to drive price higher
looking to close above 1908 on MONDAY 10/27/2020
******ALWAYS REMEMBER $4 MOVE********
would love to see 1940-1991 test by NOV 4,2020
GOLD/USD ready to run again?I have been trading and investing in gold for a while now leading up on this run and expected to see a descent pause in the market after launching out the top of this long term growth trend.
I dont feel this run is over yet but is due for a halt, but its getting close to the lower band of this bullish channel so keen keen to enter another long very soon.
As this is new price discovery into the unknown and everything going on with the global economics and US election i still expect to see big volatility on gold for a while as a safe haven hedge to uncertainty.
Looking at fib extensions for targets at the moment around $2160, $2250 and $2350 before we take another breather.
what are your thoughts?