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Gold trading signal: support around 2030 is important Friends, we made some money again today, this week's goal is 300%, and it is expected to be completed tomorrow! In today's gold trading, we carried out short trades at 2032, 2029, and 2025 respectively, and took profit around 2023, and then carried out long trades around 2024 and 2028, and took profit around 2036, making satisfactory profits from it . In the next transaction, we need to pay attention to the support of the 2032-2026 range. If the support is effective, the market may break through 2040. If it falls below, we need to pay attention to the previous 2022-2018 range support. Transactions can be carried out with reference to these prices. If the market breaks through in one direction, we will adjust the trading strategy according to the changes. Here to remind everyone that there will be EIA data tomorrow, which will have a great impact on oil and will bring very good trading opportunities. There will be ADP data on Thursday, which will mainly affect gold. We got very good results from last week's NFP data Profit, I believe we can grasp them very well this time and make satisfactory profits again!
FOREXCOM:XAUUSDShort
by EagleEyeStrategy
XAU/USD Aims to Cross $2,050 Hurdle with Easing US InflationGold price (#XAUUSD) has faced mixed sentiment and sluggish US dollar ahead of the US inflation data. Despite the challenges, the progress on the US debt ceiling negotiations and optimism surrounding Asia have underpinned the #XAUUSD run-up. Technical analysis suggests that the upper band of the Bollinger on the daily chart joins Pivot Point one-day R2 and the previous monthly high to cite the $2,050 level as an important upside hurdle for the #XAUUSD. The $2,025 support confluence including Fibonacci 23.6% on one month, Fibonacci 61.8% on one-day and the lower band of the Bollinger on the hourly chart is also a crucial level to watch. In terms of gold futures markets, traders added around 3.8K contracts to their open interest positions on Tuesday, adding to Monday’s build. Volume, in the same line, went up by around 20.8K contracts after two consecutive daily drops. The continuation of the weekly recovery in gold appears likely on the back of Tuesday’s advance amidst rising open interest and volume, with the yellow metal remaining focused on the 2023 peak near $2070 recorded earlier in the month. TRADE IDEA DETAILS CURRENCY PAIR: #XAUUSD CURRENT TREND: Uptrend (3-week) TRADE SIGNAL: ↗️Buy 👉ENTRY PRICE: $2,035 ✅TAKE PROFIT: $2,080 ❌STOP LOSS: $2,015 #GoldPriceForecast #TechnicalAnalysis #USInflation #GoldFutures #XAUUSD #USDebtCeiling #AsiaOptimism #Tradernotes #MarketUpdates
OANDA:XAUUSDLong
by RichDadph-FX
1
Buyers and sellers face each otherSPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), net bought 1.8 tons of gold on May 5. In two consecutive sessions, the fund net bought a total of 5.5 tons of gold. The gold volume of this fund holds up to 931.8 tons. I will activate the buy breakout strategy when it breaks out of the 2032 zone and closes the candle above it Next I will activate the sell strategy at 2045, 2048 Sell Gold 2045-2048 Stoploss 2054 Take profit 1: 2040 Take profit 2: 2035 Take profit 3: 2020
OANDA:XAUUSDLong
by DNA_TradingFX
1
On Monday, gold rebounded and shortedBecause gold fell by US 50 on Friday due to the impact of non-farm payrolls data.As the retracement space increases, it will make the recovery insufficient, so for gold as a whole, it is still biased towards short-selling, so in trading, we mainly maintain the idea of rebounding and shorting gold.So when we are trading on Monday, we can execute according to the following trading rhythm. 1.Don't chase short directly, because as the room for retreat increases, the market's risk-averse buying still supports gold, and gold may be pushed up at any time, so don't easily chase short gold directly at a low level. 2.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold. 3.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area. The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
OANDA:XAUUSDShort
by Short-term-king
1
Big non-farm data is coming, are you ready? The monthly nonfarm payroll data is coming soon. Do you know how it will affect gold prices? The "nonfarm" data is released by the US Department of Labor on the first Friday of each month. It consists of three values: nonfarm employment, employment rate, and unemployment rate, which reflect the development and growth of the manufacturing and service industries. A decrease in these numbers represents a reduction in production by businesses and an economic downturn. Therefore, the following basic rules apply to the price trends of gold: 1. A decrease in nonfarm values indicates an economic downturn, a reduction in production by businesses, and a weakening of the US dollar, which is favorable for gold. 2. An increase in nonfarm values indicates a healthy economic condition, which is favorable for increasing interest rates, strengthening the US dollar, and unfavorable for gold. In general, if the overall economic data in the United States is weak and the ADP employment data is favorable for spot gold before the nonfarm data is released, the market may start to show a bullish trend for gold prices on Thursday and Friday. On the other hand, if there are signs of economic recovery in the United States before the release of the nonfarm data and the economy is strong, it will be bearish for gold prices, and investors can take advantage of short positions. Therefore, if the newly added nonfarm data exceeds the market's expectations, the Federal Reserve's expectation of raising interest rates may rise again. However, the uncertain global economic recovery has led to continued expectations of monetary easing by central banks, and the combined effects of these factors have led to extreme fluctuations in gold prices during nonfarm data releases. As a gold investor, you can actively pay attention to the nonfarm market, but there is no need to demand excessive profits from the market. Instead, it is essential to understand the impact of this data on gold price movements. I will provide analysis and trading strategies for gold and crude oil every day. Please click to follow, maintain your reading habits, and create opportunities for yourself. If you agree with my views, please click the rocket to support me. COMEX:GC1! MCX:GOLD1! BIST:XAUUSD1!
FX:XAUUSDEducation
by investmentMr-X
35
The 200% profit target has been completed Our gold trading today is perfectly profitable again!This week's 200% profit target has been completed!In the remaining two days, I hope we can make more money. Gold gave us a very good opportunity today. When it broke through 1986 and stabilized above this position, we found a long opportunity and made some profits from it again. At present, its resistance level is still near 1998. If it can break through and stabilize above this position, it will rise further, and the upper resistance is near 2007-2012. If you need more trading signals, you can find me for consultation!
FOREXCOM:XAUUSD
by EagleEyeStrategy
Profitable gold trading signals Today's signal is to short gold. The resistance level marked in the figure is near 1986. When gold arrives here, it is obviously blocked. The US market falls first and then rises. Our short trading completes the take profit. At present, gold has broken through the resistance near 1986 and completed a support backtest. As can be seen from the 2h and 3h charts, the counterattack power of the bulls has not been released, and it is expected that it will continue to rise in the future. At the resistance level, we first pay attention to the first line of 1990-1995, focusing on 1998. At present, the bulls can continue to hold, if they touch 1995 and do not break, you can close the position first and observe the 1988-1986 support. If the support is effective, you can continue to go long, and continue to pay attention to the first line of resistance of 1995-1998. The 1D pattern is still short at present. If you want to complete the trend reversal, you need to break through the 2008 line and stabilize above it. If not, gold will still fall again after rebounding.
FOREXCOM:XAUUSD
by EagleEyeStrategy
1
Freeing up space for gold will increase trading opportunitiesBecause of the impact of strong non-farm payrolls data, gold directly fell from 2038 to near 1999. As the retracement space increases, it will make the recovery insufficient.But as the space is released, short-term trading opportunities will also increase, so how should we trade next? 1.Don't chase short easily, because as the room for retreat increases, the market's risk aversion still supports gold, and gold may be pushed up by risk-averse buying at any time, so don't easily chase short gold at low levels. 2.The increased space for gold retracement will make the recovery insufficient, so we still maintain the idea of rebounding and shorting gold. 3.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold. 4.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area. The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
OANDA:XAUUSDShort
by Short-term-king
Beautiful Move as expected, what next?Gold beautifully broke our support which we discussed in our previous chart and now heading towards 2006. We were anticipating 1965 at start of this week but it didn't happen and gold went to break all time high. As NFP figures somehow put market in state of shock, Gold's dive maybe a sustainable one, but for that 2006 should be broken and if that's the case 1965 is inevitable. Good Luck... And congratulations who took benefit from our previous chart... Comment for any further questions
FX:XAUUSDShort
by AdilHussain731333
Prefer to do long gold at low positionThe market expects the Federal Reserve to suspend interest rate hikes in June and July, as well as strong support for safe-haven buying. The bullish trend of gold is obvious. In the absence of breaking the trend, gold is still dominated by low-level bulls. From the perspective of the short-term structure of gold, the main focus below is the important support in the 2032-2027-2022 area. Aggressive friends can choose to do long gold around 2032, and conservative friends can wait for gold to fall back to the 2027-2022 area to do long gold. In addition, I have posted the most suitable trading opportunities to my channel. If you don't know how to trade gold now, or have no grasp of the current gold market, please join my channel to get it.
OANDA:XAUUSDLong
by Short-term-king
First choose to short goldYesterday, stimulated by the news, gold rose sharply in the short term, reaching as high as near the first line of 2020. At present, gold has fallen slightly and is trading at the 2016 level. Gold has shown serious technical deviations due to the stimulus of the news, and there is a technical response demand; and it is about to face the Fed's interest rate decision. In principle, gold has a certain volatility within a few days before the announcement of the interest rate decision. On the whole, due to the cautious attitude of the market, it is still necessary to maintain a state of range consolidation as a whole, so gold has a demand to fall after the news calms down. So gold can consider choosing to sell on the first line of 2018-2010, TP1:2010, TP2:2006. For more high-quality trading signals, please refer to the content in the channel
OANDA:XAUUSDShort
by Short-term-king