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XAUUSD: 17/7 Trading StrategyToday's gold analysis: Friday's multi-single strategy, after gold fell to the 1950 position, gave an opportunity to enter the market. Finally, take profit and leave the market at the 1959 position. Today we need to pay attention to the support position of the 1940 position, while the above needs to pay attention to the breakout of the 1963 position. This wave of rebound and correction last week failed to close at a high level, and returned to the shock below 1960. There was a slight signal of stopping the decline, the upward trend could not be continued, and the short-term turned short again, which was also a correction due to the previous rapid rise. Last Friday, DXY also showed signs of stopping the decline, but the rebound was very small. The main idea for gold this week is to return to the previous sell high and buy low. ​Back to the topic, since gold rose to the upper high of 1963 and the low of 1950 on Wednesday, it has been tested back and forth many times, but in the end all failed, and it has never been able to break through. This week is mostly about waiting for a breakthrough to go in a new direction. Today's strategy: BUY: 1945-1940 TP1: 1950 TP2: 1955 SELL: 1960-1965 TP1: 1955 TP2: 1950
OANDA:XAUUSDShort
by ActuaryJ
1
Gold buyers could see $1900 as a bargainGold futures have fallen nearly 9% since the May high, but there are signs that it is trying to form a base around $1900.Whilst the psychological round number has helped to play a part, it also coincides with a volume cluster in the rally at the beginning of March. We therefore see the potential for a minor bounce at a minimum from current levels whilst prices hold above $1900. Large speculators remain net-long, although their exposure has been trimmed as prices have fallen. Yet we're not seeing a material pickup in gross-short exposure to indicate a much more bearish outlook from speculators. Furthermore, softer US inflation data on Friday weighed on the US dollar and helped to support gold - and gold could rise further if we see any weakness in data this week (ISM manufacturing data is out today, challenger jobs and ADP employment on Thursday and of course Nonfarm payroll on Friday). The highs around $1948 are the initial target for bulls to consider, with the potential for a move towards $2000 if we're treated with a host of weak US data to prompt further calls for the Fed's terminal rate. A break below $1900 invalidates the near-term bullish bias.
COMEX:GC1!Long
by CityIndex
Gold trading recommendations today The decline in gold remains, 1930 short! The current short-term gold has gained support and rebounded, but has the decline changed? not at all! It can be seen from the hourly chart that even though the market took a strong backlash on Friday, the final rebound did not break through the suppression of the long-term moving average, and it was still a bearish decline! The key pressure now is the long-term moving average suppression position on the hourly chart, which is the 1930 position, and this position will continue to be short directly! Defense is Friday's rebound high of 1938! Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
FOREXCOM:XAUUSDShort
by Kent_Garcia
XAUUSD: Still short today! 1945 focuses onIf gold rebounds first within the day and sees around 45, it can be shorted, and the target below is around 25-15 Gold started to fall in the early days of the U.S. market yesterday, and the price of gold directly returned to the previous low of around 30. This position will continue to test the short-term support effect of the bulls However, from the current point of view, the bears continue to fall, and the decline in this form is the energy accumulated after a long period of sideways trading, so the continuity in the later stage is strong, and the possibility of a second dip can basically be ruled out, while the bottom below The support will continue to be maintained at the 30 line, which is also the low point formed temporarily yesterday, and the decline in the US market yesterday directly opened up the daily line pattern completely, and the short- and medium-term moving averages began to suppress, forming a situation that is beneficial to bears. The upper pressure will also be maintained around the position of the short-term moving average at 45, which can also be used as one of the positions for the near-term top-to-bottom transition
TVC:GOLDShort
by ActuaryJ
XAUUSD: sell high and buy low, look at 1951 in the dayOn the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls. The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view is 1941 US dollars. However, due to the fact that the US market is closed, the market transaction is light. Investors continued to assess the future path of interest rates following hawkish comments from Fed policymakers. Matt Simpson, senior market analyst at City Index, said: "Gold has spent most of June between $1,935 and $1,970, and with no obvious catalysts emerging, traders are more willing to trade within the range, not entirely. Hope to break out of the range." Gold prices edged lower last week as traders ramped up bets on a July rate hike after a hawkish Federal Reserve paused after 10 straight rate hikes. Traders are currently pricing in about a 72 percent chance of a rate hike in July, according to the CME's "FedWatch" tool. Christopher Wong, FX Strategist at OCBC Bank, said: "Historically, gold prices have probably outperformed at the end of a Fed tightening cycle. While the opportunity cost of holding gold has risen, we see lower real yields at some stage. It shouldn't be too long, and that could support gold prices." Investors are now waiting for Federal Reserve Chairman Powell's testimony before Congress on Wednesday (June 21) and Thursday (June 22) for further clues about the future path of the Fed's interest rate.
TVC:GOLDShort
by ActuaryJ
CPI forecast with mixed opinionsRecently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices. Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current monetary tightening cycle comes to a close. Gold is currently selling at $196.20, which is the 23.6% Fibonacci retracement level of its most recent daily drop. This indicates a potential downside risk and suggests that the lows of $1932.00 may be tested monthly in May. The daily chart reveals that gold is positioned below the bearish 34 and 89 EMAs, with its slope extending below the aforementioned Fibonacci level.
TVC:GOLDShort
by DNA_TradingFX
12
1945 or 1985? Where is the destination today?On Friday, the gold and metals markets remained stable and were expected to experience a second week of growth. This was due to the dollar weakening and predictions that the Federal Reserve would halt its rate hike cycle. The yellow metal had its highest intraday gain in two weeks on Thursday, reaching the highest end of a trading range seen since mid-May due to an increase in weekly US jobless claims, which further supports the idea of a Fed pause. In the short term, it is highly likely that the price of gold will reach $1985 as soon as it breaks out of the $1970 price zone. It is recommended to establish a breakout order at this price zone. Furthermore, based on the multi-frame chart, a bullish momentum is still warranted.
TVC:GOLDShort
by DNA_TradingFX
11
A Profitable Gold Trading Signal There is no completely consistent market, but there are always similar fluctuations. This is the gold 1H chart. In the picture, I marked 4 M patterns. No. 3 is similar to No. 1, and No. 4 will be similar to No. 2. In order to form the No. 4 pattern, tomorrow's data needs to be beneficial to the bulls. Only in this way can gold have a chance to return to around 2000 again. If tomorrow's data is negative for gold, 1928-1886 is the target! Several important intervals at present: 1991-2003, 1981-1985, 1963-1971, 1937-1928, 1900-1996 From the shape, today's transaction is more conducive to long, resistance 1985-1991.
FOREXCOM:XAUUSDLong
by EagleEyeStrategy
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month. This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer. As a result, non-yielding assets like gold may perform well in this scenario. dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold. Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area. However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
TVC:GOLDLong
by DNA_TradingFX
22
GOLD - Many signs support the uptrendRecent data indicates that China's economic recovery, as well as manufacturing activity in the US and Euro Area, is slowing down. As a result, industrial metal prices have been affected, with copper dropping to a seven-month low in May. The demand for copper is expected to be limited due to fears of a global recession this year. Currently, gold is attempting to correct itself to the $1984 price zone. Investors are keeping an eye on ADP's performance, which may push gold to this price range. However, if the price returns to the 1950-1945 zone first, I will set up a buy order here At the moment, all signals are in favor of gold's uptrend
TVC:GOLDLong
by DNA_TradingFX
18
Gold 15m TF I anticipate a favorable market response to occur within the price of 2031.08 to 2033.55, and there appear to be several potential opportunities to sell based on the following confluences: Moving Average, Reversal point, Decline Trend line, Incline Trend line, 0.618 bearish fib and Structure. Currently, Gold has experienced an increase of 1.6%, indicating the need for a pullback before it can make further upward movements. Gold miners have only seen a marginal increase of 0.06%. As such, I am anticipating a reversal in gold's performance within my area of interest.
TVC:GOLDShort
by ChartStrategist
Gold Weekly TF Gold's recent decline has brought it back within the established trading range. To confirm that this is merely a temporary break and subsequent retest of the range, it would be necessary for gold to close above the level of 1960. It should be noted that while an increase in the US debt limit alone may not directly trigger a rise in the price of gold, certain accompanying factors such as concerns about the country's fiscal health, economic instability, or a loss of confidence in the US dollar can make gold a more appealing investment. In such situations, investors may allocate more funds into gold, driving up its demand and potentially increasing its price. However, it's important to recognize that the price of gold is influenced by a multitude of factors, including global economic conditions, geopolitical events, interest rates, inflation, and investor sentiment. Consequently, while the US debt limit can be a relevant factor to consider, it is not the sole determinant of gold's price. Other factors and market dynamics play significant roles in shaping the value of this precious metal.
TVC:GOLDLong
by ChartStrategist
Gold price action @ 1D time frameBased on recent technical analysis, it appears that gold prices are still moving within a stable range between support and resistance lines. However, there are some indications of potential increases in the near future. At the 2-hour time frame, a harmonic pattern is showing consolidation that aims to reach a high of $2047 USD. This indicates that there may be a significant increase in price prior to any potential drops to a new bottom price. Furthermore, the Elliott Wave analysis suggests that we can expect a significant increase in the 5th wave before the gold price falls to a new low. As such, it is important to keep a close eye on volume movements, which can provide early indications of potential sudden increases. Based on this analysis, it is recommended that traders consider an entrance point within the consolidation area, with a stop loss positioned below the support line. A take profit level could be placed at the previous price peak or the target indicated by the harmonic pattern. It is important to note that these levels are subject to adjusting as the market continues to fluctuate. Therefore, it is advisable to closely monitor the market and adjust trades accordingly.
OANDA:XAUUSDLong
by Dr_N_
Gold transaction analysis From the current point of view, gold was strongly supported on Friday, and there is a greater possibility of short-term volatility in gold. It is recommended to go short at a high level. Although gold has been able to hold on to 1950 at present, it has also successfully rebounded to near 1975. Through analysis of the multiple rises and falls last week, the current highest point has appeared, and gold should be short-selling in the short term. The upper part mainly focuses on the vicinity of 1980-1985, and the lower support point focuses on the vicinity of 1965. In a short period of time, the market may remain between 1960-1980, and the range of shocks will gradually shrink. Trading strategy: gold:sell@1980-1985 tp1975-1970 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
OANDA:XAUUSDShort
by UnknownUnicorn55305588
gold continues to fallGold technical analysis; the gold daily line has three consecutive negative days, and the market has not rebounded in the near future. It has been a big unilateral decline all the way. Up to now, some people think that there will be a rebound and restart the rally. This reason does not make sense in the near future Yes, if you want to go up, you have to wait until this wave of short corrections is in place before you can be bullish. Where is the strength of this correction? Looking at the weekly and monthly lines, Wang Tianfa is optimistic that the two positions of 1932 and 1906 started to rise in the early stage The multiplication point, when it hits the weekly support around 1931, it is expected that there will be a good rebound. The short-term short-term trend will be adjusted downward, so just take advantage of the trend and find some short positions for it. Looking at the 4-hour chart of gold, the bears have continued to fall, breaking through multiple support levels in a row. Now pay attention to the gains and losses of the 1945 support. If there is no strong rebound, it is only a matter of time before they fall here. At present, it can be seen that technical indicators such as moving averages and trend lines indicate that the market is running in a weak position, and the k-line diverges downward, and the 1970-1930 interval is the watershed between long and short in the big cycle. This is a later story. For the short-term end of this wave of shorts, the focus is on the 1930 line. The top short-term focuses on the first-line resistance of 1975-1972, and the bottom short-term focuses on the first-line support of 1938-1940. In addition to investment, life also has poetry and distant places. The article does not have too much gorgeous language and chicken soup. I believe that what every reader lacks is not chicken soup, but real analysis and powerful theory. If you have a position or have a serious loss recently, you can contact me. I can accurately Help you recover your losses and help you accurately
VELOCITY:GOLDShort
by Prometheusinfinance