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XAUUSD: 4/8 Gold Trading Strategy TodayToday's analysis: After the 4-hour chart broke low, it remained horizontally below the broken low point. Due to the approaching data, trading was cautious, and the amplitude space further shrunk. At present, the 4-hour structure is still running in a downward step for the time being, but after the space shrinkage yesterday, it will continue to the transition of the Asia-Europe market today, and the US market will combine with the data to break the deadlock. Looking at gold from the 4-hour line, all indicators have turned short, but they have not entered oversold. The support in the early stage of 1942 has been converted into strong pressure, and the price below this is trending bearish. Pay attention to 1939-1941 in the Asian-European market for the time being. If this position does not recover, it is better to maintain a high-altitude thinking in the short-term, and operate in a downward channel with step shocks. If the downward channel does not recover, the short-term trend will not change. ​​​​Gold operation strategy: Rebound to 1939-1941 short, stop loss 1946, target below 1928. Step back to 1923-1926 to go long, stop loss at 1920, and target above 1950.
OANDA:XAUUSDLong
by ActuaryJ
4
GOLD NFP Effect will be Bearish?For all the fast weeks we were strictly on sell & assuming that it was the final bearish move but wait a minute as it did not ended yet. Today we have a NFP with a -1k forecast whereas my expectation of 200k Result on NFP which is highly positive. As based on my calculations on NFP i am believing a +ve NFP & in order to talk about its effect on GOLD then i can say the BEARISH IMPULSIVE move in GOLD today which will lead us back to lower as well as stronger support area. Our targeted area is approx 1917 which looks strong & might gold pullback a little from there. This is my view on NFP & about GOLD weakness.
TVC:GOLDShort
by PremiumAbd
In 1938, I shorted gold many times Today, the gold trend is the same as I analyzed earlier, into a narrow range, mainly concentrated between 1930-1940, did not form any effective breakthrough, so in my team, I recommend my friends to rebound short many times, sell in 1938, take profit of 5-7 US dollars, and then repeat this transaction, and finally all profit, very perfect, tomorrow the market is about to usher in the US unemployment rate data and non-farm payrolls data, now gold is around 1934, although gold overall volatility is not much, But at present, from the trend point of view, the continued strength of the dollar has put a lot of pressure on gold, gold as a whole or downtrend, the market is also waiting for tomorrow's data release, before that, it is expected that gold will not fluctuate sharply, gold may continue to adjust upward, so we are in the transaction, continue to wait for the rebound after short gold Personal Trading Strategy: XAUUSD:sell@1940-1945 tp1928-1924 Join me for more free accurate trading signals
FX:XAUUSDShort
by UnknownUnicorn58713786
1
Gold began to rally and adjust Before the start of this morning, Fitch lowered US credit, the dollar index fell, gold began to rise, the highest rose to 1954, perfectly reached the take profit target I gave earlier 1953, then the US ADP data was released, affected by the data, gold continued to fall after the start of the US market, after reaching 1932 began to oscillate, currently came to around 1937, for ADP data, I also gave my analysis, the result is the same as my analysis, the published value is greater than expected, but, The impact of the data is short-term, the last 2 days of the week, there are still important data not released, before this, I think gold will reappear the upward adjustment, for the subsequent gold decline space to open up space, here it should be noted that gold from the beginning of the wide range of volatility began to narrow the range, so in the next transaction, the short-term target to buy gold, and then profit before the data is released to close the order Gold Personal Trading Strategy: XAUUSD:buy@1930-1935 tp1942-1947 Join me for more free accurate trading signals
FX:XAUUSDLong
by UnknownUnicorn58713786
1
Gold today support and resistance Fundamental Overview Gold price is licking it wounds following a two-day downtrend, as the US Dollar has paused its recent upbeat momentum, despite a cautious market mood. Investors turn cautious amidst the revival of the hawkish Federal Reserve (Fed) expectations and fiscal worries in the United States, as they brace for the BoE interest rate decision and key US ISM data and tech earnings report. An unexpected improvement in the Chinese Caixin Services PMI also aids the Gold price, as China is the world’s biggest Gold consumer. China's Services Purchasing Managers' Index (PMI) rose to 54.1 in July, compared with a 53.9 expansion seen in June. The gauge was expected to drop to 52.5 in the reported month. Gold sell zone 1933 Target 1928 Target 1925 Target 1915
FOREXCOM:XAUUSDShort
by SophieFx11
1
GOLD: What happens today?Daily Digest Market Movers: Gold price declines further as economic data misses estimates Gold price drops sharply after facing selling pressure around $1,970.00 as demand for gold remains weak due to higher gold prices and interest rates. Fears of more interest rate hikes from the Federal Reserve (Fed) deepen as Chicago Fed Bank President Austan Goolsbee favors further policy tightening despite easing inflationary pressures. Meanwhile, 10-year US Treasury yields remain subdued at around 4% as inflation remains in check after soft United States core Personal Consumption Expenditure (PCE) data was released on Friday.
TVC:GOLDLong
by Sphyn-Trader
4
The idea of shorting gold has been verified againIn the gold trading strategy today, before the release of the ADP data, I have been reminding everyone not to easily open a long position in gold, mainly to short gold at a high level.Five minutes before the release of the ADP data, I was still reminding everyone that I am more inclined to short gold at a high level. From the perspective of the whole day, there is actually not much room for gold fluctuations, and of course the trading and profit margins are relatively small. At present, under the influence of negative ADP data, gold has fallen in the short term, and the current lowest has dropped to around 1945. However, it is relatively weak in the short-term rebound process, so our trading strategy of shorting gold is completely correct.According to the current structure, gold will definitely test the support of the 1940-38 area, and may even pierce the 1940 position.So when gold touches the 1940-35 area for the first time, you can try to do long gold in small batches,prudent friends can wait for gold to rebound to the 1955-60 area to short gold again. Every day, I make more detailed trading plans and trading signals based on the real-time market situation, which is also the testimony of every successful transaction and profit of mine. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
XAUUSD 4HR Analysis & Market UpdateWe did break out below my previous identified key pivot level and created a bearish wick out that pushed below the dynamic level and probably took a few stops with it but its done this previously however then the following hourly candle did close back in the trend and had a validation occur however currently 40 minutes into the next hourly candle we seem to be really struggling to climb back into that level. Although we are currently resting strong on 1931-37 i fear that with us already being at 19:42pm and the markets slowing down volume wise, we may not see any further action until another 5-6 hourly candles, by which would see a range develop outside the previous range and with how the asian sessions have been recently it could then slump down to the invalidation area of 1920 or not, its had a flow of its own recently honestly compared to uk and us market hours.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
GOLD Bull Rally face High Pressure from Bearish (ADP NFP Effect)I will explain in a common way as in the early morning we have seen a gap in the markets of BULLs getting in but the pressure from bearish is still so high that the bulls can't keep their rally going on. Today we have a ADP non-farm payroll in which the given forecast is 16k & our expectations for the actual report in 300 - 400k approx which is highly effective. In order to get a sharp entry we will let market react to the resistance area so that from 1960 we can get into sell for higher profit. The areas as target will be given in my VIP.
TVC:GOLDShort
by PremiumAbd
🥇Gold🥇 Road Map🗺️!!!(4-hour time frame⏰)Gold managed to complete its five impulse waves above the 🔴 resistance zone($1,973.140-$1,966.26) 🔴, forming a 🐮 Bull Trap 🐮. Also, five impulse waves were completed between the two resistance and support lines , so we can say that even gold has formed a Rising Wedge Pattern . Also, we can see Regular Divergence(RD-) between the end of waves 3 and 5. 🔔In recent hours, gold managed to break the support line , and I expect gold to have a downward trend in the next week or next hours; the 🎯target🎯 of gold's fall can be the end of wave 4 or the 🟢support zone($1,939-$1,932.16)🟢 . Gold Analyze ( XAUUSD ), 4-hour 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:XAUUSDShort
by pejman_zwin
41