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
Goldtradeidea
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.
GOLD Top-down analysisHello 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.
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
WEDGE PATTERN ON GOLD 💰Hey traders,
Yesterday gold went crazy to take liquidity at 2003 then after tested the above horizontal trendline only to drop all the way down 1980, i do not see any good reason for gold to climb up again before reaching around 1950 area.
If you found my post useful do not forget to like and follow for more 🫡
Cheers!
XAUUSD Top-down analysis, UPDATED!!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.
"Divine Gold Dip: A Wizard's Revelation 🧙♂️✨"Behold fellow traders! As the celestial beings have spoken through the wise wizard, the time has come to embark on a golden journey! With Gold currently trading at a divine TSE:1980 , the moment is ripe for seizing this celestial opportunity.
The sacred prophecy foretells that those who dare to buy the dip shall be rewarded with bountiful gains, as the glittering metal ascends to hallowed heights! Trust in the wisdom of the wizard and join the pilgrimage to financial enlightenment! 🙏💰🚀
Remember, fortune favors the bold, and with the cosmic guidance of the holy person and our beloved wizard, you too can become a part of this mystical adventure. Embrace the power of Gold longs and let your profits shine as bright as the stars! 💫
Disclaimer: This meme post is for entertainment purposes only and should not be taken as financial advice. Always do your own research and consult with a financial professional before making any investment decisions.
Profitable gold trading signals
We have made a profit of more than 300% for 3 consecutive weeks, and we have a target of 200% this week. We plan to complete it tomorrow!Finding me is tantamount to finding a treasure!
In the previous update, I have clearly shared today's trading strategy. If you follow my signals to trade, you must be profitable.
I will continue to share new trading signals during US market hours. If you can't grasp the timing of trading, you can follow me!
Will gold reverse on the way down?Will gold continue to fall to 1950 next?
First of all, what I want to explain is that gold as a whole is still weak, but it cannot be directly shorted in trading.
The reasons are as follows:
From the continuous closing of the lower hatching line at 1970 in the recent trading days, it can be seen that gold is currently receiving technical support at 1970, so gold may take this weak rebound.
So which areas are mainly observed above?
1.First observe the 1988-1992 area
2.Secondly, observe the 2000-2004 area
If these two regions can recover quickly in the short term, then gold may reverse its decline and there is a possibility of challenging the previous high again.It is also worth noting that don't just pay attention to integer thresholds and avoid the pitfalls of technical false breakthroughs.
In addition, in this week's trading, we have achieved a record of consecutive wins and zero losses. Starting tomorrow, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
Wait for better levelsFundamental View
Buyers of gold in recession, or sellers of it for a stronger dollar?
Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU).
Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the possibility of the Federal Reserve raising interest rates in May. However, there are still many buyers and markets for gold, who see the fear of stagnation more strongly.
Now for this week. There are many things in the US economic calendar that will help traders know what to expect from the Fed. Investors are monitoring Economic growth data (GDP), jobless claims on Thursday, and PCE data on Friday. The GDP print is expected to grow at an annual rate of 2.0% during this period, which means that a recession is not imminent. And If the PCE index prints much higher than expected, it reduces the likelihood that the Fed will hold off on rate hikes in May, especially if economic data is generally positive.
With this data, Investors evaluate the interest rate increase in May. Although the market expects a 25 basis point hike on May 3, uncertainty surrounding the possibility of a rate cut this year has caused volatility in the US bond market. The volatility of the bond market causes the dollar to move.
The market is currently looking at a 25 percent hike, with the direction of travel determined by whether the Fed will hold off on interest rate changes after that. While this could support gold prices, the recent market rally and overly technical conditions mean there is still scope for a downside if the Fed's rate outlook is confirmed. According to the CME FedWatch tool, there is an 84.6% chance of a 25% rate hike in May, with interest rate cuts expected later in the year. Higher interest rates reduce the attractiveness of non-yielding bullion.
Technical View
Gold has taken a downward trend in the four-hour time frame. This precious metal has locked itself in the TSE:1960 to TADAWUL:2020 area. It shows that gold needs some drivers to rise or fall. Any sign of information that leads traders to fear further recession could push gold to the TADAWUL:2020 - TSE:2048 highs. But what we think is the better-than-expected print for the US economy makes more downward pressure on XAU.
Gold is currently trading at the price of TSE:1982 dollars and is on a dynamic resistance. There is a possibility of a slight rise for gold at the beginning of the week, but we don't have any rush to trade. If the economic data encourages us to sell gold, we will wait and do it in the HKEX:2000 to TADAWUL:2020 area, and if we going to buy gold, we will do it in TSE:1960 or in the important key area of 1920 dollars.
Profitable Gold Trading Signals
We have made a profit of more than 300% for two consecutive weeks, and we have completed the target profit of 500% this week. We plan to make a minimum profit of 60% tomorrow. If you are still losing money or don't know how to trade, then you should follow me!
Gold is currently in a critical position. 2015-2018 is the dividing line between short-term long and short-term. If it can be broken through, it may rise to near the previous high of 2048. If it cannot be broken through, it will continue to fall.
The resistance levels that are important to pay attention to now are 2007, 2013-2015-2018, and the lower support is 1993-1987.
If you can't grasp the trading opportunity well, you are welcome to come to me, and I will provide you with the most detailed and reliable trading signals.
Will gold continue to fall?Where is gold going to fall?Yesterday, gold continued to fall as scheduled, and the recovery of the dollar index also helped gold bears release momentum. Judging from the current daily K-line pattern and technical indicators will continue to release the pressure of the previous top divergence, there will be a possibility of a continued pullback in gold in the short term.Judging from the structural behavior of yesterday's continuous decline and weak rebound, gold has not yet shown a signal to completely stop the decline.
Judging from the current gold trend, the intraday trend is still biased towards the correction trend after the decline, and there is still an expectation of continued decline after the correction.In addition, in the recent trend of gold, the Asian market has maintained its recovery and the European and American markets have fallen, so there are still bearish expectations after the recovery of gold.
In the short term: pay attention to the resistance of 2010 above, and observe the defense of 1980 below.
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
GOLD top-down analysis, UPDATED!!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.
More than 2,000 gold has made substantial profits, bullishness u
In the early trading, gold 2000 was openly long, and now it has risen sharply to 2012. Continue to look at the first target of 2020
Gold will reverse in a V shape this week. What you think is weak is not really weak. I still have to abide by my trading rules. After the gold price plummeted, the bad news was cleared. This is exactly my opportunity to go long. It doesn't matter if you miss this time, gold will continue to soar, and you will make a lot of money if you keep up.
The price of gold has continued to rise, breaking through various pressure levels in a row, just hold on to the trend. This is the time to make a lot of money by holding multiple orders. Don't think that there is pressure on the upper side to harvest the long orders early. Just follow my rhythm together, I am still patiently holding long orders, I believe in my judgment, this is the key to my ability to hold long orders.
Trading strategy: more than 2000 gold, stop loss 1990, target 2020-2040
XAUUSD (Gold) - BIG LONG Starting - Elliott Wave TradingWave count on $XAUUSD (Gold) suggests that a bullish rally is around the corner.
I am adding longs on XAUUSD as the Elliott Wave is synchronizing with Harmonics and multiple other technical analysis tools.
Technicals:
- Reversed Bullish Divergence
- EW Running Flat Pattern
- Fibonacci Retracements
- Fibonacci Extensions
- Bullish Bat Harmonic
Expectations:
- Bullish Primary C leg, in an impulsive manner.
Many pips ahead!
4/13 Gold trading signals: Go long
The 30M moving average support of gold is located near 2015, the 60M moving average support is located near 2008, the 1D moving average pattern is arranged in a long head, and MA5 and MA10 are located near 2010-2004.From a morphological point of view, today's high probability is to break through the previous high near 2031, and trading should be mainly long.
When the price comes to the vicinity of 2032-2038, you can make a retracement market after a big rise. The support looks at the vicinity of 2028-2023. If it is pierced, it will be near 2020-2018.In terms of trading, I am conservative, so take profit is generally not set at the top.
The above is the trading strategy of gold today, and the others will be updated later.
GOLD FOMC updated 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.