GOLD:Trading strategy
Gold rose today to 1904 and exceeded the resistance point, so today I decisively sold short, but now gold is rising again, so it can be judged that there is obvious support at the short-term bottom, as long as the decline does not fall below the previous low, you can buy.
But gold will definitely not keep rising, he will deceive you, so when you have a profit and the rise exceeds the resistance, and the volume is insufficient, you can lock in the profit.
Gold trading advice today:
Gold:buy1885-1890 TP:1900-1905
Gold:sell1903-1908 TP:1895-1888
As long as the decline does not break the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Goldtrade
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
XAUUSD: 18/8 Gold Trading Strategy TodayIn early Asian trading on Friday, spot gold rebounded slightly after the recent slump, and the price of gold is now at $1,893. Gold fell towards $1,885 on Thursday, its lowest level since March 13. A stronger DXY and higher U.S. Treasury yields were responsible for gold's decline. Spot gold closed at US$1,889.11 on Thursday, down US$2.80, or 0.15%, with an intraday high of US$1,903.44 and a minimum of US$1,884.93. It faces renewed selling pressure against a backdrop of a stronger dollar and rising U.S. Treasury yields. Gold prices closed below the 200-day moving average on Thursday. Adding to hawkish bets on the Fed on Wednesday, minutes from the Federal Open Market Committee (FOMC) meeting showed members were open to continuing to raise interest rates due to upside risks related to inflation and noted that the labor market remains extremely tight . Expectations that U.S. interest rates could be higher for longer have pushed the yield on the benchmark 10-year U.S. Treasury bond to its highest level since October, making non-yielding bullion less attractive to investors.
From the perspective of the daily line structure, gold has closed in the negative for 4 consecutive trading days this week. In addition to the continuous decline last week, it has been falling continuously for almost two consecutive weeks. Such an extreme trend is not common, and it is enough Indicates the current negative and pessimistic state of bulls. Judging from the hourly chart, the rhythm of gold and DXY yesterday has a certain degree of coordination, but there is also a disconnection, that is, when DXY is under pressure and recovers, gold rebounds slightly, and when DXY rebounds and measures pressure, gold falls sharply. The rhythm clearly shows that the gold bulls are still in a state of serious lack of confidence. The lack of confidence is caused by two factors. One is that after gold itself fell below the key support, the confidence of market bulls was damaged; And these two factors complement each other, so if gold wants to turn to an upward trend in the future, it must be based on the DXY recovery, and it must be technically back above 1900, otherwise it will still be very difficult Forming an effective upward trend, if there is a recovery but cannot stand above the key position, then it can only be regarded as a short-term oversold rebound.
Therefore, today's gold operation idea Jiesse suggests that as yesterday, the rebound is mainly short at high levels, supplemented by callback at low levels, and the upper part focuses on the first-line resistance of 1900-1903, and the lower part focuses on the first-line support of 1890-1885. If it breaks the 1880 line, continue to look at the 1867 position below, and don't go long yet.
Gold operation strategy:
SELL:1897-1900
TP1:1893
TP2:1890
BUY:1881-1884
TP1:1886
TP2:1890
XAUUSD: 17/8 Today's Trading StrategyIn early Asian trading on Thursday, the U.S. dollar index continued to rise, hitting a more than one-month high of 103.59 at one point. In the early morning, after the minutes of the Federal Reserve meeting showed that most policymakers continued to put the fight against inflation first, spot gold extended its intraday decline, falling below the previous low of 1893, the lowest since March this year, and finally closed down 0.49% at 1892.33
This trading day focuses on the number of initial jobless claims in the United States for the week ending August 12, and the number of continuing jobless claims in the United States for the week ending August 5. Gold fluctuated at a low level yesterday. Although it rebounded, it still failed to break through 5 The daily line pressure, the tone of the Federal Reserve meeting minutes in the early morning was relatively hawkish, causing gold to fall below 1900 again, and the low fell to around 1890, and the daily line closed again.
The 4-hour chart relies on the middle rail as the resistance point for a unilateral weak decline. This week, it basically sorts out the pressure at the middle rail and then falls to the lower rail. At present, a bardo line is close to 1893 but has not bottomed out Afterwards, it rebounded, but closed at a low level. Today is expected to continue the downward trend. At that time, it will close below 1893 and the form will effectively fall below. The 4-hour chart is still bearish; the 1-hour chart is running in a downward channel with shocks, and the daily gold short-term operation idea is on. Jiesse suggested that the rebound should be short-selling, supplemented by stepping back to the low position and doing long.
Gold operation strategy:
SELL:1899-1902
TP1:1895
TP2:1890
BUY: 1883-1885
TP1:1889
TP2:1893
Potential short swing trade for goldGold prices have held up well the past couple of days despite a stronger USD and yields. Although its established bearish trend looked overstretched around recent lows, after bears failed to drive prices materially beneath the June low.
We see the potential for the retracement continue higher over the near-term, but we'll be looking out for evidence of a swing high around or below the 19117 - 1920 area (high volume node and round number).
And now spot gold prices have already tested 1900, another leg lower does not seem unreasonable. Besides, the front-month gold contract is yet to break that level, and it provided support in late June. And if futures are to head for 1900, it suggests support for spot gold around 1970.
Gold 99-00 short; range shock short
Gold rose steadily during the day. Before the US market, the highest reached around 04 and then began to retreat, and the lowest fell again to around 89 to stop. The short-term retracement is also a continuation of the previous downward channel, which is also very reasonable. The retracement rate is slightly higher, but overall, the probability of a large retracement is not high. After all, the bottom has formed a three-bottom pattern, so this position can only be paralyzed in a large area after the position continues to break, and the current 90 line is broken. The probability is actually not high, and it is very likely that a puncture effect will be formed, and the upper pressure port is maintained at the 05 line, and the daily line begins to draw back, creating a breakthrough momentum. Shock is inevitable, but before an effective breakthrough is formed above, we still easily define it as a reversal of the bulls. At present, we can only operate tentatively, but the pressure on the top still exists, and it is recommended to try to short Mainly, if gold reverses in the short term, short around 99-00, don't look around 88-83, stop loss 05.5
Well target done, what's next now?#GOLD... in our yesterday idea we told you aboout 1894 n 1903 around,
Wo market placed 1903 around high and droped back to your area 1889,
In tomorrow we have 1905 upside area and current immediate area 1898,
And downside same area 1889
Any weakness below 1889 will leads you towards 1880 n 1874
Trade wisely
Good luck
Trading strategy: Successfully profit by buying gold!Yesterday, I gave you the trading strategy of doing long gold, and it has successfully touched our profit target 1902 line. Congratulations here to friends who followed yesterday's trading strategy.
At present, the highest gold has rebounded above 1904, and the energy of bulls has begun to counterattack. As long as gold stabilizes above 1900 within a day, the gold rebound is not over yet. Judging from the current gold structure trend, gold should continue to rebound upwards, even it may take a rebound to the 1925-1930 area to have room to fall again. However, for the short-term within the day, the high point of the gold rebound may only appear in the 1905-1910 area. So for short-term traders, first focus on the resistance of 1908-1910 at the top, and the support of 1898-1896 at the bottom.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
GOLD SHORT SIGNAL 30 MINDear traders,
Gold in the 30-minute time frame can experience a price correction.
Until it breaks above the level of 1912, we cannot say that the trend is definitively bullish, despite the price showing a tendency to rise.
You can enter buying positions at lower levels and also consider selling positions based on your trading style.
I would appreciate it if you could share your opinion with me.
Today's gold forecast is 1889~1903, sell high and buy lowAnalysis of the gold layout: won on Monday with a complete victory. The current trend of gold has rebounded strongly last night since it repeatedly attacked the bottom 1885-1884, but then began to fall back, and finally fell to the 1886 line to stabilize and fluctuate. From the perspective of the trend, it is a weak slow-rising pattern, and it has broken through to the vicinity of the 1901 line above. From here we can see that this is completely different from the previous trend. After breaking through the 1884 line yesterday, it started to rebound. Now that the bulls are about to move, our operating thinking must be changed immediately, and we cannot chase the short in the main. Instead, go back to our old thinking, just sell high and buy low. While stable, it can also avoid many risks. Today, focus on the breakthrough of 1905. As long as this position is not broken, it is still a short-term idea.
Back to the topic, since gold fell below the 1884 line yesterday, it has obviously stopped falling after rebounding. Today, let’s look at the 1901-1903 line above, and reach this range to find a high point to enter the market and open short
Near SELL1903, SL:1908, TP:1890
Europe and the United States fell below the 1892-1889 line to do more gold
BUY1889~1892, SL:1884, TP:1900
GOLD:Trading strategy
Today I judged in the channel that as long as gold does not fall below 1883, there will be a chance of a rebound.
Gold was suppressed by the daily line today, rising first and then falling, but it can be seen that gold has an upward demand at this point. As long as gold does not fall below 1883 tomorrow, it can be judged that gold has been supported in the short term. If it falls below 1880, then gold will continue to fall.
So I give the following trading strategy in the channel:
Gold:buy 1883-1885 TP1890-1898 sl:1878
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
GOLD ( XAUUSD ) Long Term Selling 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
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
1930 could be next for GoldAs I explained in my yesterday's post, although Gold is still contained in large a descending channel, the small descending channel started at the beginning of the month could represent a warning for bears.
Yesterday, XauUsd tried twice to make a new low and failed, another indication that an upside move could follow.
At the time of writing, Gold is trading at 1899, above the falling resistance of the narrow channel and above yesterday's high.
In conclusion, as long as 1883 is intact, I favor gains and the most obvious level for the target is 1930.
Try to go long gold in batchesHello, my name is Antonio. I have been using TradingView, but today is the first time to officially share my understanding and views on the market on this platform. I am very happy to discuss and research the market with like-minded friends here.I also hope that my trading logic and thinking can help some friends know and understand this market to a certain extent.
In terms of trading, I will not write too complicated and too long text, I just want to explain my point of view in a simple and clear way, and formulate a corresponding trading plan. As far as trading is concerned, I can look at every transaction objectively and correctly. There must be profits and losses during the transaction process, which is the charm of trading. My goal is simple, to consistently achieve at least $20K in profit per week.
Closer to home, as far as the gold market is concerned, after the continuous decline of gold, the current downward momentum has slowed down, but overall, gold is still weak in the short term. According to the current trend structure of gold, there is no structural low point in gold, but gold is currently rectifying, which is conducive to the structural low point in gold. Then gold is likely to tentatively fall below the 1885 position next time, so at this time, you can try to do long gold in batches below 1885. The upper part first focuses on the resistance at 1896, and secondly the resistance at the upper 1902 position.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
If it's fake breakout upside, then ?#GOLD... As I told you about range trade and you can check now in 4 hours chart market is still in range ..
A fake brewkout happen in morning,
Now if market hold you range top them again drop expected towards bottom of the range...
Upside and downsides areas are mentioned chart...
Trade wisely
Good luck
Gold 85-84 to do more; short-term try to do more
Gold, after the opening of the day, first retreated at the 84 line, and continued to compete around 90, but in the U.S. market, it unexpectedly rose above the 98 position and then began to retreat, and continued to touch around 85, forming a three-bottom pattern , and in terms of the weak form in the near future, this action does not perfectly explain the signs of the bulls' rebound, but when the market continues sideways and there is no sign of breaking the position, we can continue to consider whether the reversal of gold is coming, At present, the daily line continues to be under pressure on the negative line, and the short-term moving average has also achieved the effect of short resonance. The multi-hour line has a perfect downward channel. According to the simplest operation idea, just let nature take its course and follow the market, but the intraday surge , In terms of the support effect achieved below, we can still consider trying to release a certain amount of energy from the bulls, while the first target above is maintained at the 1900 integer level. Once this position is broken, there will be a continuation in the later period At present, we can go long on gold around 85-84, the target is around 95-00, and the stop loss is 79. If we break the 80 line as follows, we can consider shorting.
Today's gold forecast is 1882~1897, sell high and buy lowOn Monday, the Asian market fluctuated greatly. From the perspective of the gold trend structure, the intraday is weak and volatile. It basically runs above 1885. It broke through the 1885 line in the morning and quickly rebounded to the 1894 line to fall back and fluctuate. Judging from this trend, the upward momentum of bulls is still not good, and the overall trend is more biased towards bears. At present, there is still a large downside space below, and the 1870 gap has not been filled, so we still have to be biased in terms of operations. Long orders can only enter the market by grasping the rebound. Now that gold has been in a downward trend for two consecutive weeks, if you want to reverse the bulls, you need the help of the data. Otherwise, bears will continue to suppress bulls. It is very simple to say so much, whether you are long or short, you should change your thinking when it is time to change your thinking, and don't be confused by superficial phenomena, so that you can see clearly the changes in the overall situation.
Back to the topic, gold continues to operate weakly. Although the market has given the bulls a rebound in the morning, it is still difficult for the bulls to gain a firm foothold under the overall bearish trend. Therefore, the operation idea is still based on shorting.
Today, let's look at the top 1897-1900, and rise to this range to find a high point and enter the market to open short.
SELL1897~1900
SL1905
TP1885
European and American markets fell below 1882-1878, you can participate in long positions
BUY1882~1878
SL1875
TP1890
Possible CRAZY Gold DOWNTREND? (read FULL analysis)TVC:GOLD OANDA:XAUUSD PEPPERSTONE:XAUUSD EIGHTCAP:XAUUSD BLACKBULL:XAUUSD OANDA:XAUUSD FOREXCOM:XAUUSD VANTAGE:XAUUSD EASYMARKETS:XAUUSD TVC:DXY CAPITALCOM:DXY NASDAQ:DXYN
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After breaking trough multiple resistances, and rejecting all of the key levels until the previous market close (last friday), GOLD seems to be going for a continuation of a strong bearish market.
According to my anaylsis, I protected my SL be placing it above the previous strongest Support Level, making it a safe but smaller risk trade.
Also, in accordance to my understanding of how the market moves, I targeted a almost 10 R.R.R (at 9.89 exactly), simply because, with all of the technical analysis I have made, I believe that the market already created it's Intention , then Pulled Back by rejecting key levels continuous times, and will now perform Continuation, which means reaching my Profit Target at the 1804.653 level.
As well, as the DXY is indeed moving upwards at it's own pace, making equal highs and aiming for higher highs.
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With all of this information put together and analyzed, what do you think could be the possible scenario for GOLD?
Let me know your thoughts below, and I wish you all an amazing day!