Gold next week analysis Description
Whats up dear friends in the next week's gold analysis we can expect to a breakout in the zone which is 2175-2150 if there is no breakout then we go long till 2200 let's see have a great day and good luck
Goldshort
The bearish stance on gold remains unchanged. We hold 2169 short
Gold is still volatile today. I placed a short order at 2169. In the short term at night, just continue to hold 2169 short. The stop loss remains unchanged at 2178. Wait for the decline. Let’s first look at the 2145 line.
Gold 2169 continues to be short, let’s look at 2145 first
Don’t be afraid of gold’s rebound. The rebound is for better short positions. Hold the 2180 line. We firmly watch the decline.
The four-hour line is still close to the moving average. The high point is still lowering. The slope is obviously downward. At the same time, the moving average has obviously turned downward. We need to be patient and wait for the market to adjust. Let’s continue to look at the 2145 line.
Trading strategy: short gold 2169, stop loss 2178, target 2100, 2145
GOLD BUY CONFIRM SIGNALGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price is consolidating weekly losses near $2,160 early Friday, as risk sentiment remains sour and keeps the US Dollar underpinned. XAU/USD traders remain wary and refrain from placing fresh positional bets, as the focus shifts to next week’s US Federal Reserve monetary policy announcements
As observed on the daily timeframe, Gold price has charted a potential Bull Pennant formation, with a daily closing above the falling trendline resistance at $2,174 to confirm the bullish continuation pattern.
The doors would then open up again for a test of the record high at $2,195 on acceptance above Tuesday’s high of $2,185. The next key upside targets are seen at the $2,200 threshold and the $2,250 psychological level.
GOLD NOW BUY 2167
TP1 2171
TP2 2175
TP3 2195
SL 2150
GOLD BUY Gold lost its traction and declined toward $2,160 in the early American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 0.5% on the day above 4.2% after producer inflation and Retail Sales data from the US, weighing on XAU/USD
From a technical perspective, any subsequent move up is more likely to confront some resistance near the $2,195 region, or the record peak touched last Friday. Some follow-through buying beyond the $2,200 mark will push the Gold price to uncharted territory and be seen as a fresh trigger for bulls, setting the stage for an extension of the recent blowout rally witnessed over the past two weeks or so.
On the flip side, the $2,155-2,150 area now seems to protect the immediate downside, below which the Gold price could slide to the next relevant support near the $2,128-2,127 zone. The corrective decline could extend further towards the $2,100 round figure, which should act as a strong base for the XAU/USD. A convincing break below might prompt some technical selling and pave the way for deeper losses.
GOLD NOW BUY 2163
TP1 2167
TP2 2171
TP3 2195
SL2150
GOLD-CPI changes upward trend
U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June. The market is now focused on the Federal Reserve interest rate decision on March 19. However, in this interest rate decision, the Fed is unlikely to cut interest rates. There is a high probability that the current interest rates will remain unchanged.
Yesterday, CPI changed the upward trend of gold. It can be seen that 2195 is the top of this cycle. Under the downward trend, gold can wait for the resistance point to sell.
The support of the 10-day moving average of the daily cycle is now 2135. On Wednesday, we need to observe Tuesday's low of 2150 and the strength of the support of 2135. In the H4 cycle, you need to wait for it to fall below 2150, pull the Bollinger Band open, and make it open, in order to confirm that gold has begun a downward trend.
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GOLD ShortIf the candle (1 day) closes below the last one, I believe it will go down.
Hit me up if you agree with me
Today's position on goldWe made almost 260 pips from our golden area on wmp after that yesterdays off position and being no trade an not touching our area
CPI IS GOLD BUY CONFIRM SIGNAL Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold price keeps the red below $2,180 level, downside seems limited ahead of US CPI
Gold price meets with some supply and snaps a nine-day winning streak to a record peak. The downtick could be attributed to some profit-taking ahead of the crucial US CPI report.
From a technical perspective, the Relative Strength Index (RSI) on the daily chart is flashing extremely overbought conditions and prompting some profit-taking. The near-term bias, however, still favours bullish traders in the wake of last week's break through the previous record high, around the $2,144 area. The latter should now act as a key pivotal point, which if broken decisively could drag the Gold price towards the $2,125 intermediate support en route to the $2,100 round figure.
GOLD NOW BUY 2177
TP1 2185
TP2 2190
TP3 2200
TP4 2210
SL 2160
Sideway waits for economic data this week ! XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is consolidating its recent rally to the $2,200 neighborhood, reaching a fresh record high on Friday. The spike in the US unemployment rate has increased expectations for interest rate cuts by the Federal Reserve (Fed). As a result, US Treasury bond yields remain low, hindering the US Dollar's recovery and providing support for gold.
⭐️ Personal comments NOVA:
Gold price continues its upward trend to create a new peak, Monday trading session shows signs of sideway accumulation waiting for important data during the week, expecting corrections DOWN
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2157 - $2155 SL $2150
TP1: $2162
TP2: $2170
TP3: $2180
Maybe scalping BUY zone $2162 - $2164
🔥SELL GOLD zone: $2198 - $2200 SL $2205
TP1: $2190
TP2: $2180
TP3: $2170
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD TIME TO RETRACE !!!HELLO TRADERS
As I can see GOLD is now trading ATH tested 2194$ I am expected a reversal from this zone till design TP Friends DXY already has reached @ Stong Support Zone on Friday and holding above support levels NFP data show a strong number on Friday this week CPI and Inflation Data can move $ Friends it's Just and trade idea with a very small risk & reward Please Share your ideas with us on GOLD it helps many other traders
STAY TUNED!!
For more updates
GOLD BUY Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
GOLD NOW BUY 2173
TP1 2177
TP2 2181
TP3 2200
SL 2163
DeGRAM | GOLD structure resistanceGOLD is currently testing the weekly structure resistance level.
It's approaching the kill zone, where we have major structure resistance and fibo extension levels of 161.80%.
The market created a divergence and price deceleration on the hourly chart.
We expect a pullback from this resistance level.
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What is GOLD next target: 2190 or 2112? Check today's analysis📣 Hello Mates!
We can see that our gold buy target has been completed, and now gold is overbought.
Our prediction is that gold will sell from the $2159.00 or $2169.00 area. After that, our sell targets are $2132.00 and $2112.00
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- 2160
- 2170
📉 And our Support Levels are set at:
- 2135
- 2110
Stay tuned for further updates and trade smartly! 📊
XAUUSD-8H-BEARISH CONTINUATIONGOLD is looking stronger in lower time frame but bears are more stronger in higher time frame
gold buy confirm signalGold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now buy 2157
tp1 2161
tp2 2170
tp3 2200
sl 2130
gold buy confirm XAU/USD is up for the sixth consecutive day, and extreme overbought conditions have become more notorious, but there are no other signs of upward exhaustion in the daily chart. Technical indicators continue to edge higher, albeit with decreased momentum. At the same time, the bright metal advanced further above its moving averages, with the 20 Simple Moving Average (SMA) gaining bullish traction above the longer ones and far below the current level.In the near term, however, according to the 4-hour chart, there is room for additional gains. The Momentum indicator resumed its advance after correcting extreme overbought conditions, while the Relative Strength Index (RSI) indicator also regained the upside and currently stands at 84. Finally, the 20 SMA heads north almost vertically, currently at around $2,110, reflecting continued buying interest.Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentumGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now buy 2147
TP1 2151
TP2 2155
TP3 2159
TP4 2165
Sl 2130
Gold recorded a new historic highDue to the fact that gold did not achieve the previous weekly analysis and created a new ceiling for itself, scenarios for the monthly time frame are considered and shared with you dear ones.
GOLD → DROP!Gold has reached its pinnacle, extending trades towards long positions would be ill-advised. Currently, the price is situated within the "POI," prompting the search for a suitable setup to initiate short positions.
The price movement exhibits a stepwise progression, characterized by a push from the minimal support level, reminiscent of a primitive maker's strategy.
It is advisable to await the decoupling and markdown of the asset before further action.
2024/03/06 Gold Trading PlanPlease note: This is a personal journal only, but NOT a trading suggestion.
Current price: 2141
===================Technical Analysis=================
Gold has embarked on a robust bull run after testing the support at 1990, rebounding sharply without experiencing the typical correction. The market is currently in a severe overbought state.
A key resistance level for gold was previously at 2145, which was slightly breached today but quickly fell back following Powell's speech.
Although gold is still in a bullish trend, I will consider a short position based on the resistance level and the need for a correction.
Entry point: near 2145
Target: 2085, 38% Fibonacci retracement
Stop loss: 2180.
P&L: 2.55
=================Possible Situation==========
No.1 Gold continues to rise to a new high above 2145.
No.2 Gold initiates a correction before the next significant movement. I expect the correction A-B-C to be completed in the coming days.
=================My Trading Plan===============
Buy limit: N/A
Sell limit: near 2145
Buy stop: N/A
Sell stop: 2121, 2108, 2000
Gold can start to correction, provided that ...On the weekly time frame, gold has reached a range for which correction is possible, provided that at the end of the week, the weekly candle closes with a shadow similar to or greater than the one created in the live market.
XAUUSD 100% CONFIRM ANALYSISDiscover an enticing Selling opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
