Gold: The rise continues, and 1920 continues to follow the trend
Gold has turned around and started a band rebound, and the target of this band rebound is the 1930 position. The current market is moving steadily towards the goal step by step! The U.S. market fell back and relied on the support of 1914 to continue to go long!
Gold's current decline has ended and a band rebound has begun! It can be seen at the 4-hour level that after gold fell to 1900, the macd diverged, and then the market started to rise and broke through the 1915 position, which was directly suppressed, indicating that the breakthrough was effective!
After the breakthrough, the rally started. In the short term, the current rebound has touched the pressure of the 4-hour upper Bollinger Band. The possibility of a direct breakthrough is small. It needs to fall back and gain momentum again before breaking through. Then the previous pressure of 1915 has become the current Effective support, the US market will rely on this support to go long and bullish! The next target is the 1930 position!
Goldtradeidea
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
XAUUSD: 29/8 Today's Trading StrategyInternational gold prices continued to fluctuate and rise on Tuesday. The rise in gold prices on Monday was mainly helped by the fall in the dollar and U.S. Treasury yields. The market continued to digest Powell's speech last week. The focus will be on Thursday's U.S. personal consumption expenditures (PCE) price index report and Friday's U.S. non-farm payrolls data for August, where investors will look for further clues about the strength of the economy.
The gold market opened lower in early trading yesterday at US$1913.2, and then the market first pulled up to US$1917.8, then the market fell back, and the daily line was as low as US$1912.5, and then the market rose strongly in the US session, and the daily line reached a maximum of US$1926.1. The market finished at a high level, and the daily line finally closed at $1919.9, and then the market closed with a Zhongyang line with a long upper shadow line. After such a form, today's market has a technically bullish demand. The 4-hour chart held above the previous low point and further rose to explore higher. The middle rail of Bollinger Road formed a short-term support. slower.
In terms of operation, rely on 1903 as a defensive point and first look at the shock and rebound. Gold bottomed out as a whole and rebounded. In today's operation, Jiesse considers the retracement layout to be low and long, supplemented by high altitude. Focus on 1926-1932 at the top and 1918-1912 support at the bottom. If you break through the 1926 support, you can refer to around 30 for short orders.
Gold operation strategy:
SELL:1926-1929
TP1:1923
TP2:1919
BUY:1915-1918
TP1:1921
TP2:1926
XAUUSD: 22/8 Trading Strategy TodayThe current international gold price is around 1895 on Tuesday. DXY hovered near a two-month high, but its five-week winning streak eased as investors bide their time ahead of a Fed seminar in Jackson Hole, Wyoming, on expectations that major central banks could stay relatively low for longer. Gold hovered near five-month lows amid high interest rates and rising U.S. Treasury yields weighed on the metal. After the opening of the day, it first retreated to the 84 line, and continued to compete around 90. However, after the U.S. market unexpectedly exceeded the 1898 position, it began to retreat, and continued to touch around 1885. Due to the recent weak form In other words, 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, and the current daily line continues to be under pressure. The short-term moving average has also achieved the effect of short-term resonance, and the downward trend of the hourly line is perfect. According to the simplest operation idea, let it take its course and follow the market. We can still consider trying to release a certain amount of energy from bulls, and the first target above is maintained at the 1900 integer level. Once this position is broken, there will be a possibility of continuation in the later stage.
Judging from the current trend structure of the market, the downward trend channel line in the previous period is relatively regular, and the decline that abides by the rules goes lower. Although there is a certain rebound in each single trading day, there will always be a new decline after each rebound. break low. At this time, every rebound opportunity should be shorted to see the fall. At the current stage, there has been no continuation of breaking lows for two consecutive trading days, and the repeated hourly lines at low levels have formed a more obvious defensive trend. Although the rebound is not strong, the previous downward pattern has been broken. Adjust the layout of the train of thought. Jiesse predicts that nearly half of the analysts will choose to short at 1900 today. The short-term thinking in the operation should be adjusted appropriately, and the position of short selling should be adjusted a little higher. Wait for the rebound to test the top and then short at the high point, or the market will reach the low point of 1884 when the market weakens Nearby, let's follow up.
Gold Operation Strategy:
SELL:1900-1903
TP1:1897
TP2:1892
BUY: 1885-1888
TP1:1892
TP2:1897
GOLD: Short-term gold price range!Gold Price stays well beyond the short-term key support of around $1,897 comprising the Fibonacci 38.2% on one-week.
Also putting a strong floor under the XAU/USD price is the convergence of the 5-DMA and previous monthly low, around $1,905.
It’s worth noting that, Fibonacci 161.8% on one-day and 61.8% on one-week joins Pivot Point one-day S2 to add strength to the $1,905 support.
GOLD: Which model will appear?Gold price struggles to capitalize on the previous day's positive move and oscillates in a narrow trading range below the 1,900 mark during the Asian session on Tuesday. The XAU/USD, for now, seems to have stalled its recent decline witnessed over the past four weeks or so, to the lowest level since March 2023, around the 1,885 region touched last Thursday as traders keenly await more cues about the Federal Reserve's (Fed) policy outlook.
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
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.
XAUUSD: 16/8 Gold Trading StrategyDXY was flat on Wednesday (August 16) after data showed that U.S. retail sales rose more than expected in July; gold prices stabilized, boosted by a retreat in the U.S. dollar, although the Fed may remain on hold for longer after strong U.S. data was released. Expectations of higher interest rates kept gold prices near six-week lows. Gold reached a new low of 1896 yesterday. The oscillating movement of one step at a time seems to be weak, but it has not yet penetrated the low of 1893. A blunt shock fell, accompanied by a low rebound, and the daily line still harvested a small Yin K line. Since the daily chart was under pressure from the high point of 1987, there has been a wave of unilateral weak declines, directly giving up room for rebound. As it approaches the thousand-track mark and the low point of 1893, the short-term began to enter into repeated see-saw. It seems to be weak, but the strength of unilateral breakout is lacking, one low point and one reverse draw, whether it is brewing breakout or a steady recovery remains to be confirmed.
The 4-hour chart is weak and downcast with a rebound correction. The low level was still recovered in the late trading yesterday. The short-term quickly reversed the pressure on the middle rail 1911 line and then retreated to the 1900 mark. Repeatedly testing around the low point. It needs to be further confirmed in combination with the form whether it is poised to break down during the consolidation or to start a steady recovery. At present, it is repeatedly approaching the low point, but it lacks a certain strength to break the position. The short-term changes in the tug-of-war. From the perspective of the downward trend of the small-cycle step, as long as the short-term does not regain 1916, the short-term bearish thinking will be maintained for the time being.
Gold operation strategy:
SELL: 1912-1916
TP1:1908
TP2:1902
BUY:1898-1902
TP1:1906
TP2:1910
GOLD: Gold price assessment after FOMC!Despite the recent increase, the price of Gold continues to be influenced by bearish technical indicators. There is a strong downward trend, with the immediate support level being at 1,890 - the lowest in five months. If this level is broken, there is further support at 1,886 which was last seen on March 15th. Should prices decline even further, they will likely test levels below the static support of 1,870.
Gold price is coming up for some air after the relentless three-day decline, fuelled by a broadly firmer US Dollar amid an increased flight to safety and economic resilience showcased by the recent US economic statistics.
Gold: The current price of falling points is more!
Gold once again broke new lows, but the decline shows signs of exhaustion, which means that this decline has come to an end for the time being, and the market will start a wave of rebound. The current price of 1911 in early trading is directly higher, and the rebound will rise first!
From the perspective of the trend of gold, the daily line has fallen to the previous low, which is also close to the support position of the 200-day moving average, and the weekly line has fallen back to the lower track of Bollinger! The greater the support position of the large cycle, the greater the possibility of an inflection point!
On the hourly chart, although gold fell again yesterday, the macd deviated and the decline failed. Today's market has a rebound demand, and the pressure above is 1925! Look at the rebound first, and then decide whether to short according to the trend after touching the pressure!
Gold is more than 1914, stop loss is 1907, and stop profit is 1925.
XAUUSD: 11/8 Today's Trading StrategyOn Friday (August 11), DXY fluctuated within a narrow range and is currently around 102.50. Affected by the lower-than-expected inflation data overnight, spot gold once rose to an intraday high of $1,930.19, but then turned around and accelerated below the $1,920 mark. The U.S. dollar index turned from falling to rising, and investors digested U.S. July inflation data , data showed that consumer prices rose slightly, but inflation remained well above the Fed's 2% target; U.S. consumer prices rose slightly in July, consolidating expectations that the Fed's interest rate hike cycle is coming to an end
Yesterday, the price of gold fluctuated in a large range. The market opened at 1914.6 in the morning and the market rose first. In the beginning of the US market, it was affected by the fundamentals and quickly rose. The daily line reached the highest position at 1930.2 and then the market fell under pressure. After reaching the position of 1911.9, the market consolidated. After the daily line finally closed at the position of 1912, the daily line closed in the form of a shooting star with a very long upper shadow line.
Although gold rebounded yesterday with the support of the CPI data, the overall bearish trend finally returned in vain, and it still hit a new low since this round in late trading. No change for now. From a technical point of view, yesterday’s daily line of gold received a Yinxian shooting star, indicating that the short position is corrected, the Bollinger Bands are wide open, the KDJ indicator is about to form a golden cross, the midline fluctuates widely, and the general trend is still upward. Looking at the 4-hour chart, the Bollinger Bands open wide, the KDJ indicator is about to form a golden cross, and the price fluctuates at a low level. On the daily chart, the price of gold fluctuated and fell. The dead cross of the 5-day and 10-day moving averages crossed the middle track of the Bollinger Bands downwards, and formed a short-term suppression on the price of gold. The middle track and the lower track of the Bollinger Bands turned downward, indicating that the short Occupy a short-term advantage and gradually open up the downside space, but the downside time of the lower track of the Bollinger Band is relatively short, which may limit the short-term downside space. In terms of indicators, the dead cross of KDJ and RSI indicators turned slightly upward, indicating that there is a short-term rebound opportunity for gold prices, but the dead cross of MACD indicator diverged and crossed the zero axis, and the short-term technical side has the upper hand. Today, the upper pressure of gold price focuses on 1922 and 1933 US dollars, and the lower support focuses on 1910 and 1900 US dollars.
Gold operation strategy:
SELL: 1920-1923
TP1:1916
TP2:1910
Buy: 1903-1906
TP1:1909
TP2:1918
Gold: a strategic move
The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions!
Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish!
Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
GOLD: The trend is highly likely to drop to 190x with CPIGold price is replicating the moves seen in the first half of Wednesday on the United States (US) Consumer Price Index (CPI) day. The United States Dollar (USD) buyers take a breather, awaiting the critical US inflation data for a fresh directional impetus.
Gold trend analysis
It was another full day of shocks. The price of gold jumped repeatedly between 1930 and 1935. Although the hourly line kept refreshing lows within the day, the support at the low point of 1925 was still very strong. In terms of form, gold continued to maintain The trend of shock adjustment. Relying on the support of 1925 to continue to be bullish
Trading Signals:
BUY1925-1928 tp1932-1935
Share free trading signals every day, if you need, please join me