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Goldtradeidea

GOLD: Bullish Trend Nearing End, Be Cautious of Bull Traps Next I am not God, not worthy of everyone's possession, and I am definitely not the US dollar, nor do I intend to let everyone have it. Aging is a compulsory course in life, while becoming mature is just an elective. When everyone is low-key, I choose to be high-profile, but I will never go off key. The road of investment is definitely not one-way, if one road doesn't work, you can learn to turn. Time passes day by day, never forget the original intention of coming to the market on the first day. We are not here to find a wife, not to fall in love with the market, and do not treat Janet Yellen's words as a judge. We came here for profit and interests, and while some may drop out or go astray, the amount of profit earned is definitely related to the success rate of followers standing with the team. Whether you find a good team or a bad group depends on whether you treat investment as a career leader or as a leader of bad things. People are products of their environment, things are classified, and people are grouped. It is understandable to not catch it the first time, but if you fail to catch it two or three times, you should reflect. If you catch the wolf's tail every time, you may lose your life because of it. At the beginning of this week, amid a significant increase in the US dollar index, non-US currencies as well as gold and silver hit their lows. Gold hit a low point at 1804 on Tuesday of this week and bounced back, with the highest closing price reaching around 1856 by Friday. The rebound was exactly $50. Technical analysis: GOLD daily chart Based on the Fibonacci retracement of the drop from 1959 to 1804, the 38.2% level is near 1863, and the 60-day moving average is around 1855. The 1863 level is also a resistance point, indicating that there is resistance in the 1855-1860 range. Once the 38.2% level is broken, the price may reach the 30-day moving average at 1870. In this situation, it is not recommended to pursue long positions. GOLD is likely in a tail-end trend, and it may fall back after a day of increase next week or even directly. GOLD 4-hour chart From the 4-hour chart, 1804 is clearly a wave of AB=CD trend. I have also drawn the final 100% target position of 1870, which is symmetrical to the analysis of the 60-day moving average position on the daily chart. In addition, the 61.8% resistance level is currently at 1855, which is also the reason for the caution in pursuing long positions. operating strategy Next week, it is recommended to sell short on rallies, and aggressive traders can enter the market at 1855-1863, while conservative traders can wait for 1870 to enter the market and sell short. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDShort
by investmentMr-X
16
The Fed strengthened interest rate hikes, and gold fell to the g As long as we have the idea of making achievements, it is never too late, because 'success is not inversely proportional to age. 'There are many examples of this in life. As long as we have a starting point, time will always give us a reasonable explanation. The Fed Chairman’s tough speech ended the short-term rebound of gold. The next rate hike of 50 basis points and the possibility of continuous rate hikes in the later period made the market panic. Yesterday’s sharp drop in gold destroyed the rebound pattern. Now it seems that it will test the previous low. For gold operation, it is recommended to sell at 1818.50, risk control at 1822.50, and the target is 1810~1804~1786. Gold is bearish for several reasons: 1. The golden overcast appeared yesterday, and the bearish sentiment has not yet been fully released. 2. According to my personal analysis, Wave 2 C is currently on the way, and the low point in the previous period may not be guaranteed. Later, I will consider the support of the first round of rise in the previous period. 3. The intraday pressure is 1818~1823, and the support is 1804~1786. Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩‍💻
OANDA:XAUUSDShort
by Crazylambboy
3
How to grasp the impact of news on GOLD? Here we will use the United States as an example since it is a major world economy with significant influence and weight. Point 1: Release of important data For instance, the release of US non-farm payroll (NFP), employment data (ADP), initial jobless claims, CPI, GDP, PMI, etc. all have varying degrees of impact on the price of gold. Often, the release of this important data will trigger fluctuations in gold prices. Generally speaking, when the US dollar rises, gold falls, and when the US dollar falls, gold rises. However, there may be synchronous situations, which are very rare. If this occurs, investors need to analyze and consider it carefully. For instance, the weakness of the US dollar often pushes up the price of gold, as the decline in the US dollar can allow investors who use non-US currencies as their base currency to buy cheaper gold with other currencies. It can also stimulate demand for gold, especially in the consumption of gold jewelry. Point 2: Speeches by some important officials For example, speeches by well-known officials such as those from the Federal Reserve and the US Treasury. Undoubtedly, speeches by officials from different countries are a significant factor influencing the trend of gold prices, but the impact of officials' positions, identities, and the content of their speeches on the gold market varies in magnitude. The above two points are a few of the news contents that have a significant impact on the price of gold. In addition, other economic data in the United States should also be noted as they all mutually influence and relate to each other. COMEX:GC1! BIST:XAUUSD1! MCX:GOLD1!
FX:XAUUSDEducation
by investmentMr-X
How to achieve stable and sustained profits. How to grasp the trend in this market? It is to follow the trend. When the trend comes, the invisible force is pushing you forward. To gain profit and income in the gold and foreign exchange markets, this is particularly important. What is the secret to making profits? The answer is simple and also the most overlooked and precious thing that is free, just like the air we breathe and the sunshine. What is the secret to making money? In fact, it is simple. Throw away all the news and fundamentals, return to rationality, and independently analyze and follow the trend. Trading is a trial-and-error process! In the continuous occurrence of errors, the main problem faced is the shrinking of funds and psychological torment. A trader must reduce the probability of making mistakes because your profit comes from other people's losses. That is to say, when someone makes a mistake, there will be profits for others to earn in the market. However, you cannot calculate or predict how many people will make mistakes in the next step, how big the mistakes will be, nor can you guarantee that you will always be on the correct side. Therefore, in trading, the only thing you can do is to try to make the time of your mistakes as short as possible. The rest is to wait for others to make mistakes, let's work hard together! In trading, we may have short-term profit goals, but long-term goals are based on short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve stable and sustained profits. Pay attention to me and make trading simpler.
TVC:GOLDEducation
by Ice_and_Fire1
The Seven Major Factors Affecting Gold.Firstly, the demand for gold commodities affects the price. In addition to its use as a daily decorative item, gold plays an important role in industry, occupying an irreplaceable position in industries such as dentistry, electronics, and others. As a hedge tool, the price of gold is influenced by demand, and the supply and demand relationship directly affects the price of gold. Changes in production will also affect the gold price, such as the demand for teeth in Japan and the demand for jewelry in India, both of which directly affect the monthly price trend of gold each year. Secondly, the gold output determines the supply-demand balance of gold. The production of gold-producing countries directly affects the supply-demand balance of gold. Currently, China has the largest gold production, followed by South Africa. Any unexpected event, such as strikes and other special situations, will have an impact on the gold price. Thirdly, international interest rates and exchange rates directly affect the gold price. Interest rates and exchange rates have a direct impact on the gold price, especially the trend of the US dollar. The international status of the US gold price directly determines the status of the country's international finance, and the price of the US dollar also directly affects the price of gold. As the US dollar, which also has investment functions like gold, it directly affects the gold price. If the investment trend of the US dollar is strong, gold investment will be relatively less, while the opposite is true for the US dollar in a weak investment market, where the role of gold as a reserve asset and a hedge will be stronger. Fourthly, inflation stimulates the gold price. When the consumer price index rises and inflation affects investments, gold is no exception. When the price fluctuation of a country is severe, and the inflation rate is high, and the price fluctuation is severe, people's panic will intensify. When purchasing power declines, people will worry about future security and choose to buy gold to hedge, which will cause the gold price to continue to rise. Although the current role of gold in fighting inflation is not as significant as before, high inflation will still stimulate the gold price. Fifthly, political situations such as wars can stimulate the gold price. Political instability promotes the rise of the gold price, and war causes a rise in commodity prices, leading to a rise in gold prices. Similarly, as a critical strategic material, the price of gold has a remarkable correlation with the price of oil. When the price of oil rises, the gold price rises as well. Conversely, when the price of oil falls, the gold price also falls. Sixth, as a safe-haven demand, gold is the first choice Due to the small total reserves, the price of gold is relatively stable, and because it has served as a currency, it is an excellent tool for hedging and hedging. As an important hedging tool, gold has strong political sensitivity. Jewelry in prosperous times, gold in troubled times, when the economy is in recession, investment will favor gold more, and it will also directly affect the price of gold. 7. Investors’ psychological expectations The psychological expectations of investors are an important factor affecting the price of gold, but they usually do not act alone. Instead, they often change in conjunction with the variations in the aforementioned factors, amplifying or reducing the expected value of gold and causing significant differences in its price. Following the footsteps of the market, respecting the market, and aweing the market is to follow the market Pay attention to me and you will discover that trading is so simple and enjoyable!
FXOPEN:XAUUSDEducation
by Ice_and_Fire1
The current price of gold is 1840, and the target 1860 We have to take a balanced view of investment and life. People who always live in the past are bad, because they have been escaping. We should not live in beautiful memories, because memories are what you have lost. Those who really know life will only miss the past and never deceive themselves. Spot gold is currently on the 1840 line. The Federal Reserve Eagle Pestik said that slow and steadily will be the right action path, explaining the reason for the Federal Reserve to adhere to the reasons for the "steady" interest rate hikes in each meeting in the future, which alleviates Some investors are concerned about the pace of the Federal Reserve's expansion of interest rate hikes. This trading day will usher in the United States in February ISM non -manufacturing PMI data. The market is expected to be 54.5 and 55.2 in January. In addition, investors need to pay attention to the speech by the Dallas Fed Chairman Logan, the Federal Reserve Director Bowman and Rockmond Fed Chairman Barkin. These officials may strengthen the expectations of only 25 basis points in March, which is inclined to favorable gold prices Golden Daily levels have formed a golden fork on the 5th and 10th moving average, and the MACD fast line has also formed a golden fork. It has always been emphasized that as long as the daily moving average and MACD dual golden fork form gold, there must be a wave of pension. It is recommended that everyone fully lay out more orders for multiple orders. We wait and see! In the early 1808 and 1809 and 1813, the long -term multi -order continued to hold positions, waiting for gold violence to rise! I will share my strategy every day, and I will discuss the wealth password with you. FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
3
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on. -Trade Setup will only be valid if we have good rejection to ‘red marked area’. -If price comes to area range enter with 50-60 stop loss. -First target 100 pips once achieved close 50%. -Do not enter earlier with bigger stop loss. -Trade smart and wise.|| Good luck and Trade safe. Remember, Patience Pays.
OANDA:XAUUSDShort
by Setupsfx_
24
Gold 1830 is more direct, the US market is bullish The current price of gold is 1830, directly do more, the bull trend, carry the bull to the end, don't say much, just do it directly Gold has not fallen for a long time, and the bottom is supported by a double bottom. It is bullish again, and it is still bullish. The US market will continue to go long! Floating with the trend, chaotic against the trend Do it when the trend comes, don't go against it Gold is more than 1830, stop loss 1822, target 1845-1850 I hope my friends can make a profit and grasp every wave of bull market. I will insist on sharing my strategy every day. I hope my friends can communicate with me more OANDA:XAUUSD
OANDA:XAUUSDLong
by Crazylambboy
Gold is under short-term pressure and may usher in a wave of adj Gold continued to rise yesterday, and it is now approaching the high point area of the previous platform. If it cannot break through quickly here, it will fall into the consolidation stage again in the short term. Therefore, today we mainly look at the trend of shocks and pullbacks from high levels. For gold operation, it is recommended to sell at 1840, risk control at 1844, and the target is 1830~1825. If it does not rebound, it will fall directly to around 1829, and do a long short-term. Gold sees adjustments for several reasons: 1. Gold has entered the pressure zone formed by the golden section of the previous high point, and there may be a downward trend if it is under pressure. 2. The intraday pressure is 1844~1847, and the support is 1830~1825. My friends are welcome to discuss in depth and leave your valuable suggestions. I will give my analysis and suggestions every day. COMEX:GC1!
FOREXCOM:XAUUSDLong
by Crazylambboy