"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.
Goldtradeidea
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.
Gold Trading Strategy
There are indeed no absolutes in the market, and there will definitely be unexpected market trends, especially recently. The big yang column of the daily entity can also be followed by a big yin column. The sharp pullback force directly suppressed the strong upward momentum, and the upward trend was stopped! Adjustment or downtrend is coming!
Short, the rebound continues to be short and bearish, the real support position below is the 1980 line, which is the moving average support position on the hourly chart! Now the market is fluctuating and going down, and the center of gravity keeps moving down! follow! A rebound can be short, and 2000-2005 is an excellent dry short position!
specific strategy
Gold 2000-2005 empty, stop loss 2010, take profit 1980.
FOREXCOM:XAUUSD VELOCITY:GOLD FOREXCOM:XAUUSD
GOLD BUYWelcome . According to my analysis of the gold market, there is a high potential for an upside. With a break of the resistance at the 2000 level with a very positive candle. Kmalk broke the bullish flag. We are waiting for a test of the 2000 area, to return to the upside. Let's see again the 2030 region .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
any price drop considered as a correction and a BUY opportunityFundamental View
Gold is still under buying pressure but it is at an important level
In the past week, gold was fixed above 2000 dollars. This consolidation was done right above the HKEX:2000 and TSE:2002 area. Important and psychological area.
The momentum is still bullish and can rise again to its historical high. We mean the area of 2060. But this price jump definitely needs a catalyst as a driver.
The instability of the economy, the uncertainty in the decisions of the Federal Reserve to interest rate increasing cycles, the purchase of gold by central banks, the crisis of banks under the pressure of recession and inflation, as well as the decrease in bond yields make gold more attractive for buying than ever before.
If in the coming week, the employment data is higher than expected or if the inflation increases a lot, they can make gold fall sharply and return it to the previous level.
But any disappointing data or even close to expectations will stabilize gold in the current areas and even towards higher levels.
Technical View
Technically, gold is slightly overbought at current levels. But what is seen in the candlesticks (downward shadows) shows the pressure on buyers in this area.
If there is no better than expected data for the US economy (employers and CPI), any drop in the price of gold to a lower level can be considered as a correction and another opportunity for buying gold again.
6 ways to stop loss in gold
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method.
You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you.
1. 6 stop loss methods
Stop loss means that when our order loss reaches a predetermined value, we need to close the position in time to avoid greater losses.
In a complete trading system, stop loss Stop loss is divided into static stop loss and dynamic stop loss.
Static stop loss means that after the order enters the market, the stop loss is set at a fixed stop loss space, or the stop loss amount remains unchanged. Once the market trend is unfavorable, the stop loss will be closed when the set position is reached. For example, after an order enters the market, set a stop loss of 100 points, and close the position when 100 points arrive.
Dynamic stop loss means that the standard of stop loss in the trading system is dynamic. When we hold a position, the market is constantly fluctuating, and there is no fixed point for when to stop the loss. We must observe the dynamic market changes until there is a trend that meets the stop loss standard, and then stop the order. For example, when holding long orders, the stop loss standard is that the market forms a short reverse break position structure, and we will stop the loss manually at this time.
Method 1: Fixed stop loss space, or fixed stop loss amount.
This is a relatively simple static stop loss method.
After the order enters the market, set a fixed stop loss space, for example, after an intraday trading order enters the market, set a fixed 30-point stop loss. Or set a fixed amount stop loss, for example, if the order loss reaches 1% of the principal, the stop loss will be stopped.
There are also traders in the stock market who stop loss at a fixed percentage of market retracement, for example, stop loss if the stock falls by 5%.
In this way of stop loss, the space for stop loss should be determined according to the specific volatility of different varieties.is absolutely necessary, and a trading strategy without stop loss will eventually end in loss.
Method 2: Stop loss at high and low points.
High and low point stop loss is the most common stop loss technical standard, and it is also a static stop loss method.
The market always operates in the form of waves, so there will be continuous rising or falling callback highs and lows. These highs and lows are also called inflection points. In actual combat, the starting point of the wave or the inflection point of the callback is used as the stop loss point.
After the bottom of the market breaks, open a position. There are two ways to use stop loss at high and low points. One is to place it at the inflection point, and the other is to place it at the starting point of the wave.
The inflection point stop loss, the stop loss space is small, the profit and loss ratio is good, but the fault tolerance rate is low, and it is more aggressive.
Stop loss at the starting point of the market, the space for stop loss is large, and the profit-loss ratio is worse, but the fault tolerance rate is high and more conservative.
This stop loss method is also relatively flexible, as the volatility changes, the stop loss space will also be adjusted.
Method 3: Combine technical stop loss.
Stop loss combined with technical positions refers to the combination of key positions of technical indicators in actual combat, and stop loss when the market breaks through these technical positions. For example, important support and pressure levels, or technical moving average levels, etc.
Method 4: Stop loss in trend reversal pattern.
This is a dynamic stop loss method. After the order enters the market, the market goes out of a reverse structure or form. At this time, it can be understood that the trend has reversed and the order is stopped.
In actual combat, you can combine your most commonly used criteria for confirming reversals. You can use the crossing of moving averages, or the breakout of trend lines and channel lines, etc., as long as the standards are consistent.
Method 5: Stop losses in batches.
In an order, set multiple stop loss standards, and stop losses in batches in proportion to different stop loss points.
This is a compromise stop loss method. Set different stop loss points through different stop loss standards to disperse the risk of stop loss.
In actual combat, it is often encountered that after the order stop loss, the market reverses and goes out of the original trend. At this time, because the order has stopped loss, it is very disadvantageous.
The operation of batch stop loss can keep a part of the position when encountering this situation, and can continue to make profits after the market goes out of the direction again.
Method 6: Moving stop loss.
Trailing stop loss means that after the order enters the market, the market develops in a favorable direction. After leaving the entry point and gradually generating profits, the stop loss is adjusted from the original stop loss point to a more favorable direction. The market gradually develops and the stop loss Also adjust gradually.
Moving stop loss is a bit like the left and right feet when climbing stairs. When your right foot goes up the steps, your left foot will follow. Every time the profit increases to a certain extent, the stop loss will follow.
The first purpose of trailing stop loss is to preserve capital, so most of the time the first step of trailing stop loss is to move the stop loss to the cost price.
In this way, even if the worst result is encountered, the order will be out of the market without loss. After setting the trailing stop loss, the order will no longer lose money, and even the profit has been locked. At this time, the psychological pressure of holding positions is very small, which is conducive to the execution of transactions.
These 6 stop loss methods, you can choose the appropriate method according to your own trading strategy
OANDA:XAUUSD OANDA:XAUUSD COMEX:GC1! TVC:USOIL BINANCE:BTCUSDT.P COINBASE:BTCUSD
is XAUUSD going to finish Wyckoff's distribution phase?I just quickly checked W1 XAUUSD chart and seems it will create a HCH pattern which is verified with squeeze momentum and hidden divergence in MACD indicator, so we can find confluence with Wyckoff's final distribution phase.
Get ready for SHORTs once we get a good price entry.
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.
3/31 Gold Trading Strategy
Gold broke through the 1975 resistance level, which changed from resistance to support. The current resistance level is around 1986, and the shape is bullish. The transaction is mainly to step back on the support and do more.
The supports are: 1980, 1977, 1974, 1969
Resistance 1986, 1994, 1999
When the resistance is touched, if you like the game, you can carry out short transactions, but the TP for short selling must not be set too low, preferably $1- $2 higher than the support level.