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XAUUSD:11/9 Today Gold Trading StrategyLast Friday, the gold market as a whole experienced a narrow range of shocks around the 1930 mark. During the Asian and European trading sessions, the price quickly shot up and broke through the 1927 mark, but then encountered suppression and fell back, falling further and falling into sideways fluctuations. It began to fall rapidly in the US market, but stabilized near the 1920 mark and ushered in a rapid rebound. In the end, the price broke through the 1929 line, but still fell back under pressure, and fell again to near the 1917 mark in the market outlook, finally closing at around 1918. Gold countered in early trading last Friday, and temporarily stopped after reaching a maximum of around 1929. At the same time, the European market did not move weakly, and was relatively resistant to decline. From the current market point of view, there is a long shadow line on the daily chart. , it remains to be seen whether it is stabilizing for the time being or whether it will decline further after the mid-rail correction. From the chart, it still shows a downward trend, but the price has support here at the mid-rail. Judging from the trend on Friday, the rebound is relatively weak. We The predicted 1930 target has not been breached. Decline is the main trend at present. The decline is mainly passively affected by the strong rise of the US dollar index. The lower support will remain at last week's low of 1914. The probability of this position continuing to fall is low. The daily line closed with a small positive on Friday. It is also very likely that it is a reversal signal from the bulls, and the daily line is still relatively in the upward channel, so for today's operation, it is relatively simple. Therefore, the intraday operation can be considered to be mainly within the 18-20 range. When reaching this position, adopt a long strategy and look at the 1930 position above. If the position is broken, you need to wait for the market to stabilize before considering shorting. ​Gold operating strategy: BUY:1918-1921 SL:1913 TP1:1925 TP2:1930
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 12/9 Today’s Trading StrategyIn the U.S. market on Monday, as the U.S. dollar fell back ahead of the release of key U.S. inflation data this week, gold prices rose, once exceeding 1930, and were expected to have their best trading day in the past two weeks. The U.S. dollar remains weak, while gold is trying to hold on to the 1920 mark. This week's economic calendar has less data, and the focus is on the U.S. CPI inflation report later this week, which will have an important impact on the path of the Federal Reserve's interest rates. Gold continues to fluctuate today, near 1920. Yesterday, gold rebounded many times and fell back near 1930. The second attempt to break through 1930 failed. I quickly informed my friends during the session to go short at 1927 and successfully made a profit. This shows that there is obvious pressure from above, and it is still under the continuous sharp rise of the US dollar. , compared with the previous decline, gold has resisted the decline significantly this time. The daily line reached a maximum of 1930.8, and then the market fell back under pressure. The daily line finally closed at 1922.1. The market ended with an inverted hammer shape with a very long upper shadow line. After the end of this form, the daily line double stars showed signs of pressure. . In the 4-hour chart, a wave of high backtests still closed at a low level. It had previously stabilized and risen at the 1916 line. Now it has entered a contraction and shock. The space convergence is getting smaller and smaller. It is waiting for the breakthrough of the physical K-line. It is currently under pressure around 1930. The daily chart shows that gold has remained above the Bollinger Track in the past two trading days, closing as a cross star, and the long and short forces are relatively hesitant. The rise did not break through the resistance of $1930, and the fall did not break through the support of $1915. Then today's operation can continue to operate around this range. ​ ​Gold operating strategy: SELL:1930-1933 SL:1937 TP1:1926 TP2:1922 BUY:1917-1920 SL:1913 TP1:1924 TP2:1927
OANDA:XAUUSD
by ActuaryJ
XAUUSD:13/9 Today’s Trading StrategyYesterday, the gold market opened around 1922 in early trading. Afterwards, the market rose slightly to 1924.5. Afterwards, the market fluctuated strongly and fell back below the 1915 support mark. After that, the market reached as low as 1907.64. Afterwards, the market consolidated and the daily line finally closed at 1913.5. Wednesday: Gold rebounded at the opening, but the strength is expected to be limited. The U.S. dollar index extended the overnight retracement pressure and fell in early trading, which did not have a significant effect on gold. The 10-year U.S. bond yield is expected to remain strong in the short term, which limits the demand for gold price recovery. In the daily K-line chart, the stochastic indicator continues to die cross downward, which indicates the main bearish signal. As long as the dead cross is still there, it will continue to run bearishly downward according to the dead cross; the pressure position of the central axis is the position of the top-bottom transition. It is around 1915; therefore, the main focus is on the position of 1915 during the day; rebounding from around 1907 to around 1915, stabilizing and regaining the position of 1915, then the bulls still have some hope, otherwise the shorts will just control the market and run bearishly downward; the 4-hour chart structure There was a two-wave small step shock and decline. It had been under pressure twice in a row at 1930. It broke through the low again and formed a two-wave continuation. The current second high of 1930 is the critical point for shorts to fall back, and the fall will continue in the short term. After the sideways consolidation at the beginning of the week, gold successfully broke through the lower support line of 1915. In the next trend, we will take advantage of the trend to see a new round of downward structure after breaking through. Therefore, for the operation in the market outlook, we should still focus on selling high. It should be noted that , support turns into resistance, and the temporary support below sees the 1900 integer mark. ​​Gold operating strategy: SELL:1915-1918 SL:1923 TP1:1911 TP2:1907 BUY:1900-1903 SL:1896 TP1:1909 TP2:1914
OANDA:XAUUSDShort
by ActuaryJ
Gold Dips as Mixed Inflation Report is Released Introduction: In the world of trading, where uncertainty often reigns supreme, gold has long been viewed as a safe haven and a reliable hedge against inflation. However, recent developments have left traders in a state of flux as a mixed inflation report has caused gold prices to dip. In this article, we urge traders to exercise caution and take a momentary pause before making any hasty decisions regarding gold trading. A Mixed Inflation Report Causes Ripples: The release of a mixed inflation report has sent shockwaves through the trading community, with gold prices experiencing a notable decline. This report reveals conflicting signals about the future trajectory of inflation, leaving traders grappling with uncertainty and a lack of clear direction. As a result, traders must approach gold trading with a level-headed perspective. Navigating Uncertainty with Caution: While gold has historically been a steadfast asset during times of economic turmoil, the current mixed inflation report warrants a cautious approach. It is essential to recognize that gold's value is intricately tied to inflation expectations, and without a clear consensus emerging from the report, the short-term outlook for gold becomes unpredictable. The Call to Pause: In light of the current situation, we strongly encourage traders to exercise prudence and consider pausing their gold trading activities, at least until further clarity emerges. Rushing into decisions based on incomplete information can lead to unintended consequences, potentially resulting in financial losses. By taking a step back and waiting for a clearer picture to emerge, traders can better assess the market conditions and make informed decisions. Consider Diversification: While gold may experience temporary dips, it is essential to remember that diversification is a key strategy for mitigating risks in any trading portfolio. Instead of solely relying on gold, consider exploring other investment opportunities that may be less affected by the mixed inflation report. This approach allows traders to spread their risks and potentially capitalize on other market opportunities. Stay Informed and Seek Expert Advice: In times of uncertainty, staying informed is of utmost importance. Keep a close eye on economic indicators, market trends, and expert opinions to gain a comprehensive understanding of the evolving landscape. Seeking advice from seasoned professionals can also provide valuable insights and help navigate through turbulent times. Conclusion: As gold prices dip amidst a mixed inflation report, traders must exercise caution and pause to reassess their strategies. Rushing into trading decisions without a clear understanding of market conditions can lead to undesirable outcomes. By diversifying their portfolios, staying informed, and seeking expert advice, traders can position themselves to make informed decisions when the path ahead becomes clearer. Remember, in times of uncertainty, patience and prudence can be the keys to success. Call-to-Action: In light of the current mixed inflation report, we urge traders to pause on trading gold. Take a step back, reassess your strategies, and wait for further clarity to emerge. Diversify your portfolio, stay informed, and seek expert advice to navigate through these uncertain times. Remember, exercising caution today can lead to more successful trading decisions tomorrow.
OANDA:XAUUSDShort
by bryandowningqln
Go long gold first, then go short gold and keep making moneyToday I have given you ideas for trading gold. We can go long gold near 1908 in advance and wait for gold to rebound. And short gold before the CPI data is released. After the CPI data was released, gold fell to a minimum of around 1905. Obviously, we made a lot of profits by first going long gold and then going short gold. According to the current structural trend of gold, in terms of trading, I will definitely tend to short gold at high levels. I will not easily try to go long gold, because going long gold at this stage is a contrarian operation and it is easy to cause losses. Therefore, I will mainly short gold at high levels next. Do you know where the best position to short gold is? If you don’t know the exact trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by AntonioWilson
1
GOLD Price Holds Steady Amidst Dollar Retreat, But Faces Down...Gold Price Holds Steady Amidst Dollar Retreat, But Faces Downward Pressures The price of gold has been treading water, hovering around $1,927 per troy ounce in the early hours of the Asian trading session on Monday. While the precious metal is managing to stay near the previous week's close, it faces challenges from multiple fronts, including a retreating US Dollar (USD), rising US Treasury yields, and influences from China's economic data. USD Retreats but Treasury Yields Rise The US Dollar Index (DXY), which measures the USD's performance against a basket of major currencies, is currently trading at approximately 104.80, slightly below its peak since April. The weakening of the USD has provided some minor support to gold prices. However, the rise in US Treasury yields, particularly the 10-year bond yields reaching 4.29%, up by 0.52%, could exert downward pressure on gold. USD's Robustness Supported by Positive Economic Data The USD is expected to remain resilient, supported by a consistent flow of positive economic data from the United States. For instance, US Initial Jobless Claims for the week ending September 2 reported a reading of 216,000, below both the market consensus of 234,000 and the previous week's revised figure of 229,000. This demonstrates the health of the US labor market and bolsters the USD's strength. China's Disinflationary Pressures on Gold China's Consumer Price Index (CPI) data for August was published recently, indicating a year-on-year increase of 0.1%. While this marks an improvement from the previous month's figure of -0.3%, it fell short of market expectations, which had anticipated a 0.2% reading. This relatively soft CPI reading suggests that disinflationary pressures persist in China, which could potentially weigh on gold prices. Uncertainty Surrounding China's Economic Situation Throughout the week, market participants will closely monitor developments in China's economy. Understanding the challenges that Chinese authorities must address to implement necessary monetary and fiscal measures to achieve their target of 5% GDP growth this year will be crucial. Any signs of economic instability or obstacles in achieving this goal could impact the global financial landscape, potentially affecting gold prices. Fed's Hawkish Stance and US CPI Data Awaited Adding to gold's challenges is the anticipation that the US Federal Reserve (Fed) will maintain higher interest rates for an extended period. There is also an expectation that the Fed will implement a 25 basis point (bps) interest rate hike by the end of 2023. This hawkish stance from the central bank could exert significant downward pressure on gold prices, as higher interest rates make non-interest-bearing assets like gold less attractive to investors. Investors will keenly await the release of the US Consumer Price Index (CPI) data for August later in the week. This data will provide further insights into the inflationary pressures in the US economy, which could influence the USD's performance and, consequently, gold prices. In summary, while gold has held its ground in the face of a retreating USD, it faces challenges from rising Treasury yields, China's disinflationary pressures, and the Fed's hawkish stance. The interplay of these factors will determine the precious metal's direction in the coming days and weeks. Our preference Below 1940.00 look for further downside with 1916.00 & 1907.00 as targets.
OANDA:XAUUSDShort
by FOREXN1
32
GOLD 4H Consumer Price Index (CPI)GOLD Today will move under the CPI effect reminding you that, consolidation under 1910 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1902, 1896, and 1884 As for renewing bullish attempts, consolidation above 1910 will support the price to rise up again and recover its positive momentum to retest again to 1920, 1928 , and 1937 Support line: 1902, 1896, 1884 Resistance line:1920, 1928, 1937
TVC:GOLDShort
by ElenaMayi
XAUUSD: 8/9 Today’s Trading StrategySpot gold rose slightly on Friday and is currently around 1926. After the ISM non-manufacturing index on Wednesday showed that the service industry is still strong, the number of initial jobless claims released on Thursday hit a six-month low, which also showed that the labor market is still resilient, once again strengthening the market's tightening expectations for the Federal Reserve, and the U.S. dollar index remains strong. . Yesterday's fundamentals showed that the number of initial jobless claims in the United States in the week to September 2nd was 216,000, lower than the expected 234,000, and a new low since the week of February 11, 2023. In line with the recent strong US data, the US dollar index has been supported, and gold, silver and non-US prices have fallen. Today's fundamentals mainly focus on the monthly US wholesale sales rate in July. Looking at the 1-hour trend, gold has been on a downward trend, and its rebound has been suppressed by the downward trend line! Still a bearish downtrend! However, there has been a divergence in the strength of the decline, indicating that the strength of the decline has been exhausted and there is the possibility of a rebound! However, the upward pull of the U.S. dollar seems to be very strong, suppressing the probability of the gold price falling below this range, suppressing the gold price to fall back, and choosing a direction in the short-term consolidation. The gold daily K-line has fallen for 4 days, and the price has fallen continuously to 1915 recently. The market is gradually approaching the daily mid-term support, and the decline speed is slowing down. Since the 1914-1910 range is the long-short conversion range in the previous market, we can regard it as a short-term support range. That is to say, as long as the bulls trade sideways at 1910, it will still It can rise at any time, so since it does not fall, there is no need to go short. Gold opened at 1919.49 US dollars in early trading. After the opening, there was a shock and rise. The current highest point is near 1927. At $1915, a positive closing line appeared, and there was a stop-fall resistance. The weak market of gold prices in the market outlook is expected to change, and it will further return to the weekly level. Therefore, in terms of operation, Jieese suggests that the main idea is to do long at low positions, and focus on the 1918-1920 position below. ​​​​Gold operation strategy: BUY:1919-1922 SL:1914 TP1:1926 TP2:1930
OANDA:XAUUSD
by ActuaryJ
Gold continues to do more, target 1920 Since 1987, gold has fallen along the downward channel to the 1884 line, with a drop of more than 100 US dollars. We also followed the trend and fell back. After the gold broke through 1900 yesterday, the highest reached the 1904 line. In the US market, it fell back to the 1889 line again, washing out a wave of multiple orders , I personally think that the institutions have exhausted all the short positions. When retail investors rebound in the market today, they will go all out to short. Today, there is a very high probability that they will rise sharply and sweep away the short positions. Yesterday, the daily line changed and broke through the downward channel again. There are two consecutive yangs above the channel. I personally feel that gold has shown a bottom signal. The current round of gold decline will come to an end. In the later stage, we will focus on doing more! When the bulls stand above 1900, the bulls will break out. In summary, go long on gold!
OANDA:XAUUSDLong
by wealth-freedom-Lord
1
Trade with gold 13/9Ethereum's Bounce: Ethereum's recent price increase may be due to retail traders buying during a price drop, but it's just one of many factors affecting its price. XRP's Support Loss: XRP losing the $0.5 support level is significant for sentiment. The next key support level is $0.45, and a failure to recover quickly could lead to further declines. Shiba Inu's Volume Surge: Shiba Inu's trading volume on Binance has spiked by 200%. This might be due to whales accumulating the token during the market downturn, and traders buying the dip in anticipation of a rebound. Remember that cryptocurrency markets are highly speculative and can be influenced by various factors, making them volatile and risky investments.
FOREXCOM:XAUUSD
by Hinata_Sumi
Today’s gold trading has been profitable continuouslyToday, we shorted gold in the 1923-1925 area, almost grasping today's highest point, and obtained relatively good profits. At present, gold has dropped to a minimum of around 1908. I once again inform everyone to go long gold around 1910-1908. Gold has currently rebounded to a maximum of around 1915. Although it has fallen back, we still have some profits. Have you followed me to go long gold? According to my current trading ideas, we can take profits in 1915-1916, and then look for suitable opportunities to short gold again. If you don’t know the exact trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by AntonioWilson
incase of range trade then there is expected range#GOLD... market placed 1907 as day low and bounced back arround 7 points. tomorrow is CPI day, it will be very important specially for #GOLD. before CPI maybe market trade in range if its happen then expected range will be 1914 and 1909. 1909 will be area of the day, it will be your key level, keep close it. holding of 1909 mean you can see again 1920 or sustained breakage of 1909 can leads you towards 1898 that will be support of the week and month. trade wisely good luck
FX:XAUUSD
by AdilHussain731333
Gold Traders Reap Double Return with Yen vs. DollarHave you heard the exciting news? A golden opportunity has emerged in the world of trading, where gold enthusiasts can now reap double returns by exploring the potential of the Japanese yen against the US dollar. Brace yourselves, as we delve into this thrilling venture that promises to elevate your trading game to new heights! Unleashing the Power of Yen: While gold has always been a reliable investment, it's time to consider the untapped potential of trading gold in the yen. The Japanese yen has shown remarkable strength against the US dollar, creating a perfect storm for traders to maximize their profits. By capitalizing on this unique currency pair, you can unlock a world of opportunities and potentially double your returns. Why Yen for Gold Trading? 1. Diversification: Trading gold in yen allows for diversification, reducing the risks associated with relying solely on the US dollar. This strategy enables traders to spread their investments across different currencies, mitigating potential losses. 2. Yen's Safe-Haven Status: The Japanese yen has long been recognized as a safe-haven currency, particularly during times of economic uncertainty. As gold is often sought after as a safe-haven asset, combining its trading with the yen amplifies the potential for significant returns. 3. Market Volatility: The yen's volatility against the dollar presents an excellent opportunity for traders to capitalize on price fluctuations. This dynamic environment creates a fertile ground for astute traders to make well-timed moves and maximize their gains. Call-to-Action: Embrace the Yen-Gold Duo Today! Are you ready to embark on a golden journey that promises double returns? Don't miss out on the chance to trade gold in yen and seize the potential for greater profits. Here's how you can get started: 1. Educate Yourself: Equip yourself with the knowledge and understanding of the yen's performance against the dollar and the factors influencing gold prices. Stay updated with market trends, news, and expert opinions to make informed trading decisions. 2. Choose a Reliable Trading Platform: Select a reputable trading platform that offers access to the yen-gold trading pair. Ensure the platform provides a user-friendly interface, reliable customer support, and robust security measures to safeguard your investments. 3. Develop a Solid Trading Strategy: Craft a well-defined trading strategy that aligns with your risk appetite and financial goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to optimize your trading experience. 4. Stay Disciplined: Successful trading requires discipline, patience, and the ability to adapt to changing market conditions. Stick to your strategy, avoid impulsive decisions, and continuously evaluate and adjust your approach as necessary. Conclusion: Dear traders, the world of gold trading has just become even more enticing with the yen's remarkable performance against the dollar. By embracing this unique opportunity, you can unlock the potential for double returns and take your trading journey to new heights. So, don't wait any longer! Equip yourself with knowledge, choose a reliable platform, develop a solid strategy, and embark on this golden voyage today. Remember, the yen is calling, and it's time to answer! Disclaimer: Trading involves risks, and it is essential to conduct thorough research and seek professional advice before engaging in any trading activity.
OANDA:XAUUSDLong
by bryandowningqln
Short gold and keep your winning streak aliveSince yesterday, I have been reminding everyone that judging from the current structural trend of gold, the current suppression point is near 1930. Gold is likely to start a correction trend near 1930, so for the next gold transaction,I definitely focus on shorting gold at high levels. Today I am informing you that we are shorting gold in the 1923-1925 area, which has now reached my expected profit target of 1916. In addition, our long BTC today has also reached my expected target, and we have gained very good profits. So today is another good harvest day, congratulations to friends who follow trading signals. At present, both gold and BTC have taken profits, and we still hold crude oil orders. I believe there will also be good gains. It's just past 13:00 PM and we still have a lot of time today to make more profits. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by AntonioWilson
GOLD pulling back to 1914 Price is on a journey to 1985 but at this point I believe it is going to pullback to 1914 because the upward movement from 1885 to 1953 was a steep and fast one. Price has shown weakness on the daily tf and I believe the long awaited pullback is here Reasons to Sell 1. Price has shown clear rejections on the 4hrs supply zone and daily 2. We saw a strong selling pressure last Friday when USD gained strength with the help of NFP 3. Price got rejected at the 61.8% of the Fib retracement on the daily TF which marks a strong reversal level First TP level was hit on Friday @ 1935, and we got a rejection back to 1940, so I would advise looking out for selling opportunities towards 1925 and finally 1914 RIsk Management is advised I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
OANDA:XAUUSDShort
by owlswift_fx
Gold 1915 continues to do more At the same time, gold fell back 1914, 9113, 1912, 1911, 1910, all of which can be entered in batches. The familiar market, naturally, is to do more firmly. The same is true on Friday, and the market will repeat itself. more games The golden hour line is still pulling up strongly. On Friday, the k-line once fell back to around 1902, but the bottom line of the k-line is still held, that is, to stabilize the 1900 line, and then the Dayang line directly rises to around 1915. This is obviously a strong attack by the bulls, k The line is also rising on the moving average as scheduled, the 50 moving average is running downwards and the pause button is pressed, and 1915 continues to be long
OANDA:XAUUSDLong
by wealth-freedom-Lord
Gold continues to be bearish Gold has already made it clear in early trading that today's rebound will not break through the pressure of 1955, and the current price of 1950 in the European market is directly shorted, and the data in the US market is negative, so continue to hold the short order! Bearish, the US market pays attention to whether 1930 breaks! From the trend point of view, gold belongs to the shock trend! However, during the shock process, the center of gravity continued to move downwards, indicating that bears dominated! And this week's non-agricultural data, there is an opportunity to use the data to break down! Today's market volatility is limited, but it has not broken through the 1955 pressure suggested in the early trading, then continue to hold, the direction is right, and you will not be afraid of the long way! Continue to be bearish!
OANDA:XAUUSDShort
by wealth-freedom-Lord
2