Crude oil analysis signals make you money easily
In the European market on Tuesday (March 12), spot gold maintained its downward trend during the day, with the current price of gold at $2,172 per ounce. On this trading day, gold traders will focus on the U.S. CPI report, which is expected to trigger a big move in the gold market. Analyze and predict gold price trends.
So far, gold prices are consolidating below all-time highs. A weak U.S. CPI report could offset the overbought effects of the Relative Strength Index (RSI), triggering a new rebound in gold prices.
Gold prices need U.S. CPI data to miss expectations in order to break through the $2,200/ounce mark.
The U.S. Bureau of Labor Statistics will release its February Consumer Price Index (CPI) report.
The U.S. CPI year-on-year increase in February is expected to be 3.1%, the same as January, while the year-on-year core inflation rate is expected to fall to 3.7% from 3.9% in January. Mehta said the more important month-on-month CPI data is expected to rise 0.4%, compared with a 0.3% increase in January. The core CPI growth rate in February is expected to be 0.3% month-on-month, compared with 0.4% in the first month of this year.
Unexpected declines in February's overall CPI and core CPI month-on-month data may lead to the Federal Reserve cutting interest rates in June, triggering a new round of dollar selling and pushing gold prices to record highs. With U.S. CPI falling short of expectations, U.S. Treasury yields will face tremendous bearish pressure, triggering a new upward trend in gold prices.
On the other hand, if the inflation data released in the United States are stronger than expected and seriously affect the expectation that the Federal Reserve will turn to dovish policy as early as June, gold prices may experience a sharp correction.
Gold prices are likely to maintain cautious trading momentum ahead of the U.S. CPI release as risk sentiment remains slightly positive.
Gold latest technical analysis
The near-term technical outlook for gold prices remains broadly unchanged, as indicated by the daily chart of the 14-day Relative Strength Index (RSI), which could see a pullback amid overbought conditions.
However, the next move in gold prices still depends on US CPI data.
If the U.S. CPI data unexpectedly drops, it may push the gold price to a historical high of $2,195/ounce. Once it breaks through this level, the gold price will need to continue to break through the $2,200 mark to target the psychological mark of $2,250/ounce.
On the other hand, U.S. inflation data may prolong the correction in gold prices and drop towards the March 8 low of $2,154 per ounce.
The next support for gold prices is expected to be $2,145/ounce, which is the 23.6% Fibonacci of the March 7 low and the rebound from $1,984/ounce (February 14 low) to $2,195/ounce (historical high) The confluence point of the retracement level.
According to the current trend of gold, the price of gold continues to fall. At this stage, the price of gold reached 78.0 US dollars and was unable to break through the resistance, and then continued to fall. Only by paying attention to my signals at any time can you make the right choice.
Gold prices expected to fall
It is recommended to go short in the short term: short around $72.0
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Goldtradingsetup
XAU/USD 12 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as yesterdays post dated 11/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Due to the size of the internal range I have plotted sub-internal structure which is denoted in red.
50% EQ of the internal range is also denoted in red.
Price has printed a bearish CHoCH and bearish iCHoCH which indicates, but not confirms, that pullback is underway.
Intraday expectation is for price to continue bearish, react at M15 POI before targeting weak internal high.
However, it would be useful to remember that all HTF's are requiring a pullback.
M15 Chart:
Summary on the evening of March 12th.
Many people always say that trading is either losing or making money. But 98% of people in the market always lose money. So are you one of them?
Monday's market is coming to an end. The gold market is relatively flat today. The highest price reached 2188. The lowest touched 2174. For most of the time, it remained within a narrow range of 2182-2177. Coupled with the lack of major news today, the market as a whole still maintains high vertical development.
The entire market was in an upward trend last week. I announced this trend to everyone before trading started. An attentive friend left me a message saying that my accuracy rate is the highest he has ever seen. Because there was hardly any loss last week. Indeed. Just follow the trading signals I publish. Then there is only one result. Profit.
Next, my personal idea is to continue to buy at lower prices in conjunction with the market to make a profit. There is currently no major news stimulus in the market. Therefore, the market is expected to remain mainly range-bound tomorrow. Combined with the previous leading news, almost all are positive for the rise of gold. So when there is no dominant news, technical indicators are a good standard as a reference for trading.
Combined with the above figure and relying on the market
The price of 2184-2188 sells gold.
Buy gold at a price of 2174-2177.
A look back at the highlights from last Friday.
When your awareness reaches a certain height. When you understand that trading is not gambling but investing. You are one of the 2%.
Buy gold at the price of 2154-2157! Must view
Morning view on March 8
Review yesterday's market. Gold is still very enthusiastic. The bullish trend is obvious. It can still hold above 2147 after a series of news such as (U.S. initial jobless claims for the week) (Powell’s speech) and so on. It proves that the bullish sentiment in the market is high. During this period, the market had failed to stabilize at a high of 2160 due to regional wars (peace talks) and the recovery of New York community banks. It quickly fell back to the 2150 line. Perhaps many people thought that this correction must be substantial, but they did not expect the strength of the bulls. Finally, it closed at 2160.
TVC:DXY
After the start of the Asian session, the market rose slightly upward again, but did not gain a firm footing. As of the European market, it currently remains at 2157.
I believe many friends will want to make a fortune before and after the non-agricultural data today. Yes or no?
In fact, my personal view is that non-agricultural sectors will have a big market trend. However, non-agricultural development is a double-edged sword. There is no doubt about this. You can make money and you can lose money. But after reading my point of view, it may give you good guidance, so keep reading! ACTIVTRADES:GOLD ACTIVTRADES:GOLD OANDA:XAUUSD NCDEX:GOLD
Depends on the current trend. Bulls are still strong above gold. In conjunction with ADP guidance. I think today's non-agricultural data will still be positive for gold. At the same time, Biden also spoke in the early morning: The Houthi armed forces must be attacked. In other words, the influence of geopolitics has not declined. This coincided with the rate cut in June. Although it is delayed, this is undoubtedly good news for the rise of gold. TVC:GOLD MCX:GOLD1! CAPITALCOM:GOLD FXOPEN:XAUUSD
Let’s take another look at the current market chart. Whether it is the 1 hour chart or the 30 minute chart. The market is at a high level and fluctuating sideways. The upper pressure exists at the top and fails to continue to break through. But if there is a breakthrough, there is still a lot of room. The bottom is almost the range support maintained near 2145-2147. So consider it all. I think the market is still dominated by buying.
Whether you are a risk-taking trader or a steady trader, you can buy at 2154-2157 and make some good profits by buying.
There is a lot of space above. You can close when the profit reaches your expectation. The support below is currently at the 2147 line. So pay attention to controlling your positions when trading. There will be no shortage of multi-batch buying opportunities.
This is the view of the Messenger. Want to stay informed about future trading opportunities? So stay tuned. I will continue to update.
Gold analysis signals make you money easily
Hello friends!
According to the current gold trend, the gold price is now blocked at $2183.7. As far as the current trend is concerned, the gold price may fall at $2177.8 as support. Pay attention to the gold price trend at any time to make the right choice.
My suggestion: short at high prices. You can go short around $2182.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold analysis signals make you money easily
Hello my friends!
According to the current gold trend, the gold price has bottomed out and rebounded, and is blocked at US$2177.5. According to the current trend, the gold price may fall at US$2177.6 as support. Pay attention to the gold price trend at any time to make the right choice.
It is recommended to go long at low prices at this time
Go long around $2177.5
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold trend analysis, easily make money for you
Hello my friends!
According to the current trend of gold, the price of gold has now risen to US$2,185. According to the current trend, the price of gold may rise and be blocked. Pay attention to the trend of gold prices at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
Gold is still strong at the moment, ready to buy againLast Friday, our buy signal at 2160 was a big success. Although it did not reach the target of 2200, it reached a maximum of 2195. The profit margin is very large. Today we are going to prepare to buy again.
The price of gold opened higher on Monday in the short-term. The short-term increase indicates the willingness to rise. Currently, the price of gold is still at a historical high and has yet to form a substantial retracement. From the market point of view, the price of gold is still in a unilateral upward trend. If it retreats to You can continue to buy near the 2170 line!
Technical analysis shows that the price of gold has risen unilaterally, the lows have continued to rise, and the highs have continued to set new historical highs. The golden cross of the moving average below continues to maintain, and the support is at the 2169 line. The current gold price is only one step away from the 2200 mark. , you can reach it within a few days with a little more effort! And we are also mentally prepared for gold prices to break through the 2200 mark!
Good luck to everyone
Gold trend analysis, easily make money for you
Hello friends!
Entering the European market on Monday (March 11), spot gold consolidated at a high level after several consecutive days of sharp gains. It is currently waiting for the next trend near the record high. The market remains cautious before the key US CPI inflation report, etc. New clues for Fed rate cut.
After rising for eight consecutive days, spot gold broke through record highs one after another. It once touched near 2195 last Friday and is currently consolidating at a high of around $2180.
Gold prices hit a record high of $2,194.99 for a fourth straight day on Friday after data showed a cooling in the U.S. job market.
According to the current gold trend, the gold price is currently fluctuating at $2,180. Short selling is still not a wise approach at this stage. As far as the current trend is concerned, the gold price may correct. Pay attention to the gold price trend at any time to make the right choice.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
GOLD GOING BUYGold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It’s traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
XAU/USD 11 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
Gold trend analysis, easily make money for you
Gold trend analysis, easily make money for you
In early trading in the Asian market on Monday (March 11), spot gold fell back after rising to a high of $2,188.88 per ounce, approaching the all-time high of $2,195.07 set last week. It is now back around $2,180.
Gold prices surged to a record high on Friday following U.S. non-farm payrolls data. On the 60-minute chart, gold prices continue to trade within an ascending channel. Gold prices surged to a record high after data showed a rise in U.S. unemployment, boosting expectations that the Federal Reserve may soon begin cutting interest rates.
Data released by the U.S. Bureau of Labor Statistics on Friday showed that the U.S. non-farm payrolls increased by 275,000 in February, higher than the expected 200,000. However, the number of new non-farm payrolls in December last year was revised down from 333,000 to 290,000. people.
The U.S. non-farm unemployment rate unexpectedly rose to 3.9% in February, a new high since January 2022, higher than market expectations of 3.7%, and the value before January was 3.7%.
The average hourly wage in the United States increased by 4.3% year-on-year in February, in line with expectations of 4.3%. The wage growth rate in January was revised down from 4.5% to 4.4%; the average hourly wage growth in February fell to 0.1% month-on-month, which was lower than expected. 0.2%, the previous value was revised down from 0.6% to 0.5%.
Spot gold closed up $19.38, or 0.9%, at $2,178.95 per ounce on Friday, with gold prices hitting an intraday high of $2,195.07 per ounce.
As I said before, the probability of gold rising is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
Therefore, the short-term recommendation for gold is to go long on dips. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2178
TP 2190
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
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Comments welcome!
Gold trend analysis, easily make money for you
March 9 News: Market expectations for the Federal Reserve's policy easing may be coming to an end. Expectations for the Federal Reserve's monetary policy to shift to easing are still dominant. The geopolitical situation is still tense. Global central banks continue to purchase gold. Adding to the possibility of the spread of the U.S. banking crisis, the impact on gold Form a mid- to long-term positive impact.
Gold recommendation: Going long at low levels is still the core. It is still not recommended to go short and wait for the opportunity to go long at low levels.
Recommendation: Go long around $2177
TP 2195
SL 2168
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
have a nice weekend!
Can gold break through 2200 after the NFP data is released?Gold is fluctuating at a high level. At present, the price of gold is still firmly supported above the moving average. If it does not fall for a long time, it will definitely rise! The current price is 2160 and more orders can be entered directly, and we will continue to be optimistic about breaking the historical high during the day!
Looking at the market, the current upper resistance level first refers to the high point of 2164, but the short-term pressure level above is quite small. I think the gold price will definitely break through this level again within the day, while the lower support faces the moving average support of 2156 and the previous inflection point support level of 2148. The price of gold will continue to maintain this volatile upward pattern before major changes occur. If you step back on the support level, be bold and go long!
xauusd(gold) daily outlookxauusd(gold) trading at an all-time high. so with the Dow Theory when a market makes an all-time high it will back to the most recent broken price. of course, you should wait for a reversal point.
note- keep in mind market takes less time to build a pattern when it’s about the bull market to move down. and when the market is bearish then it’s taking much time to build a reversal pattern to move upside.
Gold price trend analysis, easily make money for you
On Friday (March 8), the price of gold hit a maximum of $2,193. Gold prices were on track for their biggest weekly gain in five months, boosted by hints from Federal Reserve Chairman Jerome Powell that he would cut interest rates. Spot prices surged more than 3.5% this week, indicating strong investor expectations for a rate cut.
Gold prices are on the verge of their biggest weekly gain in five months and near record highs, buoyed by Powell's hints that a rate cut could come mid-year.
This week alone, gold spot prices soared by more than 3.5%, marking the largest weekly increase since the conflict between Israel and Hamas escalated in mid-October 2023, and is expected to rise for a third consecutive week.
Speculative trading has fueled the rise, but the underlying driver remains expectations of upcoming interest rate cuts, boosting gold's appeal. Meanwhile, the U.S. dollar is set for its biggest weekly drop this year, further increasing gold's appeal to investors holding other currencies.
The current resistance level is $2193.25 and the support level is determined at $2174.34
Combined with the current gold trend: it is predicted that gold prices will continue to rise;
Short-term recommendation: Go long around $2,175
TP 2190
SL 2165
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
Fibs and Trend to Take Gold Higher . . . Target 2206Interlocking Hourly Fibs show why we just dropped as much as we did. We traded into a long with a price target of 2206.55 at 2168 during late Afternoon NY and rallied smartly off of it. . . . a 2nd test of our 2168 lows would be a gift to start the week. Hold that level there and 2206.55 becomes our immediate target. Lot of momentum for this to occur. Following this trendline takes us to the our objectives. And it's not much of a stretch as we have been following this trendline all last week.
Today’s gold price analysis and guidance
Today’s gold price analysis and guidance
Yesterday, Jerome Powell testified before Congress that he expects to start cutting interest rates this year if inflation approaches the central bank's 2% target, paving the way for a fall in the dollar and a rise in gold.
Today, the price of gold broke through 2163, and the support level is 2154.6. It is currently oscillating at $2156.5. Based on the news observation, gold will show a volatile upward trend in the short term during the day.
have to be aware of is!
If today's non-agricultural data is released, the value is too high or too low, which will greatly affect the gold price trend. Before that, I referred to the performance of ADP data, and based on the fact that the two are more than 80% in the same direction. The probability that today's non-agricultural data will be positive for gold is very high. At the same time, combined with the impact of the US dollar interest rate cut, the US dollar has a weak trend of rising. I am more certain of the possibility of the market going up.
Combined with the current trend of gold prices, it is predicted that gold prices will show a slight upward trend in the short term;
Recommendation: Buy around $2156
TP:2165
SL:2150
Seek victory in a stable manner, follow the signals, and do not make rash advances.
Gold will continue to rise, follow me and make profits
Analysis of gold price trends after the release of non-agricultural data
On March 8, U.S. non-farm payroll employment in February exceeded expectations and wage growth slowed, further showing signs of healthy economic growth and slowing inflation. A report released by the U.S. Bureau of Labor Statistics on Friday showed that non-farm employment increased by 275,000 last month, while non-farm employment in the first two months was revised downward by a total of 167,000. But the unemployment rate rose to 3.9%.
The U.S. dollar is falling due to rising unemployment, which will keep gold prices rising. As I said before, the probability of gold rising today is very high. In addition, combined with the impact of U.S. dollar interest rate cuts and rising unemployment rates, the negative gold news from the non-agricultural data was revised, and the U.S. dollar showed a weak downward trend. Therefore, the current gold price will continue to rise strongly;
My advice: go long around $2180
TP:2190
SL:2170
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
What do you think now? Will Gold target $2125 or $2225?📣 Hello Mates!
Yesterday in Gold Idea Already, we mentioned that Gold would likely turn from the $2159.00 or $2169.00 area because $2170.00 presents a strong resistance area.
Today, we have $2180.00 as another good resistance level.
So, hopefully, Gold will not break resistance and sell from our resistance. Our target for today is $2125.00 Since today is NFP News, please avoid large positions and use proper stop-loss.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- $2170
- $2180
📉 And our Support Levels are set at:
- $2125
- $2088
Stay tuned for further updates and trade smartly! 📊
XAU/USD 08 March 2024 Intraday AnalysisH4 Analysis:
Analysis/Bias remains unchanged since yesterday (08/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Swing and internal high yet to be confirmed, therefore, we are trading within a fractal high and internal low until we have confirmation of swing and internal high.
Intraday expectation is for price to continue bullish to target swing high.
As mentioned yesterday, price did target M15 POI before continuing bullish which followed by an iBOS.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
XAU/USD 07/03/2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bearish CHoCH which is the first structural indication, but not confirmation that bearish pullback is underway.
Expectation is for price to pullback to H4 POI or 50% EQ before targeting internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has now printed a bullish swing BOS.
Swing high yet to be confirmed, therefore, we are trading within an internal range until we have confirmation of swing high.
Intraday expectation is for price to continue bullish to target swing high.
Price could potentially target M15 POI before continuing bullish.
However, request from HTF is for price to switch bearish to facilitate HTF pullback, therefore, a scenario is for price to target internal low.
M15 Chart:
Gold continues its upward trend, wait until it pulls back to buyThe gold bulls are gone forever and it will be difficult to turn back in the short term! The price of gold has once again set a new historical high. Judging from the current strength of the retracement, the price of gold has not yet reached the top. After a slight fall during the day, it will continue to rise. The operation layout is waiting for the price to fall back to around 2140 to buy. The current round of rise is bound to arrive. 2200 mark!
From a technical perspective, the lows of the shock are constantly moving up, and the lower moving averages are also diverging upwards, and the support has reached the 2136 line, which connects the recent lows to form an upward trend line support. The current effective support level of the trend line is exactly at 2140. On the front line, there is heavy resistance on the downside, but there is no pressure on the upside! Just buy boldly when it falls back!