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XAUUSD: 4/9 Today’s Trading StrategyIn the early trading of the Asian market on Monday, spot gold maintained a slight rebound trend. Gold opened at 1940. Last Friday, the U.S. non-farm payrolls report triggered violent fluctuations in the gold market. The spot gold price once exceeded 1950, and then fell sharply to around 1935. Then the gold price increased. Rebounding, gold prices closed at 1939.80 last Friday, almost unchanged during the day. After the impact of Friday's non-agricultural data, the daily line closed the doji on Friday, and closed below the Bollinger Band. Obviously, temporarily suppressed by the technical side, gold may come out of the shock and decline space in the current form, and fall effectively. The strength can be seen below the daily Bollinger track of 1890. However, the current bull trend has not changed and the performance is still strong. The focus is on whether last week's high can be effectively broken. Therefore, there is a high probability that it will fluctuate at high levels this week, either waiting for the bulls to continue rising, or waiting for the bulls and shorts to turn around and exit the decline. The 4-hour chart is still running above the upward trend line after testing high and falling back. It has not fallen below the trend line yet, and the short-term upward trend has not changed. Today, the short-term relies on 1936 as a reference for long-term defense. Hold this level to be bullish, and if it falls below, it is bearish. At present, the US dollar is going strong, and gold is still holding on to the bullish trend line for the time being, making the room for a fall uncertain, and the short-term may still fluctuate at this level. Although the non-farm payrolls broke through 1948 last Friday, it was only a virtual break. Now you can refer to this position to go short. The lower support will focus on 1936 for the time being. If the decline is not strong enough, you can backhand and go long. ​ Gold operation strategy: BUY:1935-1938 SL:1930 TP1:1943 TP2:1948
OANDA:XAUUSD
by ActuaryJ
Insist on long gold and win profitsGold fell to around 1915 today, and I have reminded senior members that around 1917-1915 will be a good time to do long gold again. When gold pulls back around that area, I'm definitely going long gold ahead. From two aspects, the first gold is currently in a five-wave rising structure, and there is support at the 1910-1912 position below, so it is feasible to do long gold near the 1915 position;In addition, the rise of the US dollar hit the resistance at 105, and is in a staged top area. If it continues to rise, it will face strong resistance, so the pullback of the US dollar will support gold to a certain extent. So we do long gold in batches in the 1917-1915 area. At present, we still hold long gold positions in our hands. I believe that very good profits will be made soon, and time will verify everything! I post my trading ideas on a daily basis and also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn the logic of market trading, 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:XAUUSDLong
by AntonioWilson
Expected range in tomorrow, breakout expensive#GOLD... market drop below 1924 and placed 1914 arround low.. And day closed arround 1916 17 Well closing on this level is shaky closing for sellers actually, According to me I was not expecting day closing at this level, Anyways it's market and it can change your mind anytime. We have range in-between 1921 and 1916 for tomorrow Cash the untill market trade in-between these areas. Eitherside breakage will leads you towards 5 to 8 points. Trade wisely Good luck
FX:XAUUSD
by AdilHussain731333
Central Banks Gold Purchases in July: An Opportunity to ConsiderCentral banks worldwide have continued to increase their gold reserves during July, which could indicate their preparations for potential economic challenges ahead. Over the past few years, central banks have been actively accumulating gold as a strategic move to diversify their reserves and safeguard against various risks. However, the notable surge in gold purchases during July raises questions about what these institutions may anticipate. While it's essential to approach this topic cautiously, it is worth considering the potential implications for individual investors. Central banks, custodians of their respective countries' monetary policies, possess valuable insights into the global economic landscape. Their recent gold acquisitions could suggest that they are bracing themselves for a negative turn of events or seeking to protect their economies from potential shocks. As astute investors, we must consider such indicators and evaluate our investment strategies accordingly. Considering the historical stability and store of value that gold has provided over time, it might be prudent to assess our portfolios and consider allocating a portion towards this precious metal. By doing so, we can hedge against the uncertainties ahead and protect our wealth from potential economic downturns. However, evaluating your financial situation and consulting with a trusted financial advisor before making any investment decisions is essential. While we cannot predict the future with certainty, it is always wise to be prepared for various scenarios. Central banks' continued gold purchases could serve as a reminder to reassess our investment strategies and consider the role that gold can play in our portfolios. If you are interested in exploring gold as a potential investment avenue, I recommend conducting thorough research, seeking advice from trusted financial professionals, and considering reputable investment options available in the market. Remember, knowledge and careful consideration are essential when making investment decisions. I hope this information proves valuable as you navigate your investment choices. Please feel free to comment if you have any questions or want to discuss this topic further. Together, we can ensure our financial well-being in the face of potential challenges.
OANDA:XAUUSDLong
by bryandowningqln
Gold Shortestablishing the Short Position: Given the stable gold prices during this period, it would have been a challenging environment for shorting gold. Traders would need to identify specific technical or fundamental indicators that signaled a potential price decline within this range. 3. Setting Stop Limits: To manage risk in a short position, it's essential to establish stop limits that protect against potential losses. In this case, you've set the stop limit above 1957. This choice could be based on several factors: a. Technical Resistance: 1957 might be a level at which gold previously faced resistance, and breaking above it could signal a potential bullish trend. Therefore, placing a stop just above this level makes sense to limit losses if the trend reverses. b. Risk Tolerance: The specific stop level should align with the trader's risk tolerance and the amount of potential loss they are willing to accept. A stop above 1957 is a prudent choice if the trader wants to minimize losses in case of an unexpected bullish breakout. Risk-Reward Assessment: Before entering the short position, traders should calculate the potential risk-reward ratio. In this case, the risk is the distance between the entry point and the stop level above 1957, while the reward is the expected decline within the range from 1947 to 1950. Continuous Monitoring: Once the short position is initiated, it's crucial to continuously monitor market conditions and any developments that could impact gold prices. If the price approaches the stop level, traders should consider whether it's appropriate to exit the position to limit losses. Flexibility: In trading, flexibility is essential. If new information or unexpected events emerge that suggest a change in the market's direction, it may be necessary to adjust the stop levels or exit the position early to protect capital.
OANDA:XAUUSDShort
by realtrademaster
XAUUSD\GOLD - AnalysisXAUUSD\GOLD W1 - is in the phase of a flat / sideways direction in the price section 2037 - 1678, as it is clear that the price twice after the implementation of two waves approached the price of 1814, and then after the correction - movement to the price of 1678 What can be expected now? Presumably, the correction after the 3rd wave begins to end, which may lead to the implementation of the 5th wave and the price drop to 1814 and below. Short Long term - goals 1814–1678 Medium term - goals 1918-1899-1871
OANDA:XAUUSDShort
by Trade_Hive_Signals
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
XAUUSD: Price down!Greetings, valued readers! At present, the value of gold is exhibiting a downward trajectory for the second consecutive day on Tuesday, despite not showing any significant follow-through and staying within the well-known range that has been maintained over the previous week. GOLD is currently situated slightly below $1,940, undergoing a decrease of less than 0.10% within a single day and facing pressure from various factors such as the US dollar.
OANDA:XAUUSDLong
by Sphyn-Trader
6
Go short gold first, then long gold,and still keep making moneyToday we made a good profit on gold trading. Today I remind everyone to short gold above 1935. Obviously, we made another big profit. We left the market with a profit around 1928. Because I would like to remind everyone again that gold fell today, but from a technical point of view, it is difficult for gold to form a trend decline, and it is also difficult for gold to fall below 1925, so we are long gold in batches in the 1930-1925 area.We still have a long position in gold at the moment, and I believe that very good profits will be made soon. I post my trading ideas on a daily basis and also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn the logic of market trading, 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:XAUUSDLong
by AntonioWilson
1
Gold trend analysis After falling on Monday, the upper resistance point fell back. 1948 is the defensive point of the bearish trend, and the actual transaction needs to move down the point. Look at the small cycle 1942 suppression point. As for whether it can break through 1928, it depends on the market influence of the US market. Summary: Today’s strategy is to buy when the gold price falls to around 1928 Share free trading signals every day, if you need, please join me
OANDA:XAUUSDLong
by Tony_barry
🥇Gold🥇is ready to break the Downtrend line⏰(15 min)⏰!!!🏃‍♂️Gold is moving in the 🟢 Support zone($1,939-$1,932) 🟢 and near the Support line . 🌊Gold seems to be completing another corrective wave , which is a Zigzag structure(5-3-5) . 🔔I expect Gold to at least increase to the previous top after breaking the downtrend line . Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
15
Gold 45-46 short, backhand short next week When we were young, we all felt that we had superpowers, unique, and what others could not do, and when we grew up, we slowly found that we were not so strong, commonplace, and even far less than most people, often time will slowly give us what we want, but he will also slowly take away what we are reluctant to slowly take, the autumn wind is difficult to autumn wind and rain, a book of lovesickness. Gold, Friday's non-farm rush back down, after the highest touched the 53 line began to retrace around 34, the daily line closed at the upper lead of the doji pattern, and for the previous continuous rise of the market, the pattern of the high doji may be a signal of the end of the bulls, while the non-farm rush back down also makes the market on its bulls energy will have the possibility of excessive release, and the current pressure above gold is maintained at the previous high of 48 line position, and Friday's non-farm high may also be a possibility for bearish washing, And the first support below will be located at the 30 line, this position is also the later long and short turn point, and once it continues to break, the short-term bullish counter-draw will also end, and the weekly system is still suppressed in the middle of the orbit, then Monday's trend is relatively important, if it continues to break, then the possibility of late continuation is higher, on the contrary, I personally think that the probability of a long-short reversal is greater, then Monday gold rally saw 46-47 near short, the target is around 35-25, loss 52.5.
FX:XAUUSDShort
by Richard-Wagner
1