Gold falls below trendline support, ready to sell highAfter three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell!
The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
Goldtradingsetup
Gold trading opportunities in the US market on March 4
After the U.S. market opens. The US dollar began to fluctuate upward. There is support below for slowing inflation. In addition, there is no major news today, so there is not much change in the market trend. On the other hand, gold remains high. Driven by last week's non-farm payrolls data and geopolitics. Gold has also gone out of an independent market and has been rising sharply. Today, the overall price remains within the range of a minimum of 2079 to a maximum of 2088. There are also some trading opportunities. At present, the overall bullish trend in the market is still more obvious. If short-term geopolitics breaks out, there is a high probability that gold will hit the 2100 or even the previous high of 2146. My opinion is to buy at low prices. The current support below is at 2079. If it falls below the previous support. At that time, the support position can be lowered to the 2077-2073 line. Then continue to focus on buying.
VELOCITY:GOLD MCX:GOLD1! CAPITALCOM:GOLD TVC:GOLD ACTIVTRADES:GOLD NCDEX:GOLD PANCAKESWAP:GOLDUSDT_6E8688
Transaction prices mentioned in the article. Use the price of gold in TradingView as a reference.
The above are my personal trading ideas. Hope it helps some traders who don't know how to trade.
XAUUSD:5/3 Today’s Analysis and StrategyOn Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve.
With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have piled into gold, which is within striking distance of a record high. Intraday gold prices exceeded 2020 and were close to the all-time high of 2144 set in early December last year.
At the same time, central banks of various countries are actively increasing gold reserves. IMF data shows that India increased its gold holdings by 7.812 tons in January 2024 to 811.417 tons. Gold prices suffer when the U.S. adopts higher interest rates to curb inflation, boosting returns on competing assets like bonds and boosting the dollar, making the precious metal more expensive to buy with foreign currencies.
Gold technical analysis
Daily resistance is 2150, support below is 2100
Four-hour resistance is 2150, support below is 2100-2080
Gold operation suggestions:
Judging from the daily analysis, today's lower support is focused on around 2100-2080, and the upper target is still focused on breaking high. The short-term bullish strong dividing line has moved to 2100. Gold is currently expected to have a high probability of breaking through a new historical high.
BUY:near 2100
BUY:near 2080
XAU/USD 05 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains the as yesterday's analysis (04/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1 following BOS'.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS.
We are now trading within a fractal range.
Bearish CHoCH would indicate, but not confirm, that bearish pullback is underway.
Intraday expectation is for price to continue bullish until first structural signal, which is a bearish CHoCH, that pullback has initiated.
M15 chart:
XAUUSD: 4/3 Monday analysis and strategyGold broke out like crazy last week. At the beginning of the week, the overall price maintained a volatile pattern around 2030. Last Thursday, it rose to 2050 due to PCE data that was in line with expectations. Last Friday, it reached a higher level. Under the influence of weak US data, it soared by nearly 50 US dollars, once reaching 2088, and finally closing at 2083, hitting a record high. It closed up 2%, the largest increase in two and a half months.
Gold is building bullish momentum, hitting its highest level since early February on Friday above $2,050. Gold's near-term technical outlook offers encouraging signs for buyers, but investors may ignore the technical picture as they react to this week's U.S. February labor market data.
Looking at this week, on Tuesday, the ISM Services Purchasing Managers Index (PMI) will be a bright spot for the U.S. economy. The overall PMI is expected to remain above 50 in February, highlighting the continued expansion of business activities in the service industry. The price payments index in the Purchasing Managers' Index (PMI) jumped to 64 in January from 56.7 in December, indicating accelerating input cost inflation. A similar increase in the inflation component in February could boost the dollar and put pressure on gold's gains.
Gold technical analysis
Daily resistance is 2088-2100, support below is 2066-53
Four-hour resistance is 2088, support below is 2066
Gold operation suggestions:
From the daily analysis, the lower support today is focused on around 2066-70, and the upper target is still focused on breaking through the high point. The dividing line for short-term bull strength has moved to 2050. The daily level is above this position, and bulls continue to be strong.
BUY:near 2068
BUY:near 2050
BUY:near 2100
On March 4, gold will be mainly bought first
2085@BUY
SL:2079,
TP:2092
Limited time trading signal, the trading price is based on the real-time price of gold in TradingView. If you miss the opportunity to trade. Remember to wait for the next trading signal before trading. It's better to miss than to make a mistake.
Gold Continues to Destroy SellersSheep vs Wolves
Sheep Believe that selling at the highest possible point will be the best potential bet
Wolves wait for sheep to slip so that they can eat the sheep
The problem with the sheep mentality is, what are you basing the "highest point" on
How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest point?
It's interesting > in the everlasting pursuit for the best potential sell at the highest possible point you may have lost 3+ trades simply trying to chase the rainbow to find the pot of Gold (pun intended lol)
How many sellers winning currently? If any at all?
I keep saying, it isn't that it is not going to sell > the question is, does it make sense for it to sell here? No it doesn't
Because in a world where everyone goes left, you job should be to figure out why? and you'd probably be better off with going right instead
Godspeed to all sellers at this point, the good news is I do see gold kind of slowing down, maybe you might get your chance, but I doubt it :\
And even if you do, was losing so many trades before you actually get your winner worth it?
Food for thought
I will be analyzing this trade in even greater detail in my newsletter (link in bio) Subscribe to that for free for more information or feel free to reach out to me for more information
Downvote\don't boost if you didn't read and didn't try to understand
OR
Upvote\boost if you did read and did try to understand
My trade is currently up 1:3+ and counting, and my stop loss is in profit at (2078) > Just under 1:2 (1:1.97exactly) Secured
Who you gonna believe sellers who guessing where the top is? Or????
Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085!
The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
GOLD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
XAU/USD 04 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis is the same as yesterday's analysis (03/03/2024)
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a further bullish iBOS. Internal range established.
Bearish CHoCH indicates, but not confirms, that bearish pullback is underway.
I have plotted sub-internal structure, which is denoted in red to gain a micro-view of the movement of price due to size of the internal structure range.
Intraday expectation is for price to continue bearish, react at M15 POI, or 50% EQ is discount before price continues bullish to target weak internal high.
M15 Chart:
GOLD, LongGold after hitting the High of $2087.98 is anticipated to retest the next significant level support 2065 with an attempt to pick liquidity and further driving up to test the all-time high of $2145 is on the card this week.
DXY at the close of last week represent a probability of the dollar index declining to the next key level of 102.5 which could give GOLD the upper hand to drive up.
The week's USD fundamentals such as the Jolts Job Opening, Powell's testimony and NFP are very important, and the outcomes will significantly determine the price of GOLD. Thus it is worth keeping an eye on.
Support: 2064
Resistance 1: 2082.5
Resistance 2: 2145
XAU/USD 04-8 March 2024 Weekly AnalysisWeekly Chart:
-> Swing: Bullish.
-> Internal: Bearish.
-> Did not reach EQ.
Price has finally printed a bullish swing BOS
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted with a vertical blue dotted line.
At some stage HTF request to LTF would be to switch bearish to facilitate HTF pullback.
Weekly Analysis:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-. Sub-Internal: Bullish.
-> Has reached EQ.
After having mapped sub-internal structure, denoted in red, price has now printed a bullish iiBOS
Most likely scenario is for price to pull back. First indication, but not confirmation, would be a bearish iCHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pull back.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish sub-internal iiBOS and internal iBOS.
Most likely scenario would be for price to pull back which is the same for W and D1
Price has tapped into a H4 POI and reacted.
First structural indication, but not confirmation, would be for price to print a bearish CHoCH which is denoted with a blue vertical dotted line.
50% EQ, Bearish CHoCH and H4 POI are located closely where price could potentially react.
H4 Chart:
Gold breaks out of the shock range, buy if it steps back to 2040Last night, with the support of initial jobless claims, the price of gold took advantage of the trend and broke through the triangle shock range and the previous high pressure level of 2041. The price of gold has found a new space for the bulls! The day-to-day operation idea is very simple, just go back to the key support level of 2041 and buy near it!
Yesterday, our signal was to sell at the high level of the shock range. Considering that many major data will be released soon, we closed the profit in 2030 in advance. Now it seems that this decision is very correct, and the gold price has directly risen to 2050! And in the state of complete victory this week, after making huge profits one after another, I took advantage of the trend and turned to long today, but now I still need to wait for it to fall back a little before buying!
Good luck to everyone
Gold Smashes through the recent highMaking use of a much wider stop loss due to the accelerated volatility
I posted a few minds this morning this exact idea (that gold would buy>
1. (www.tradingview.com)
2. (www.tradingview.com)
3. (www.tradingview.com)
Before someone says that I took the trade without explanation > here is your before and after ;)
It is better to have a wider stop and still be in the trade as opposed to have a ridiculously tight stop and be stopped out every other time
My confluences to take this trade were simple and are as follows:
Question 1 - Was Gold in momentum (bullish or bearish)?
Yes, Gold was in bullish Momentum at the time of me looking at it
Question 2 - Who was interested (at that time)?
Buyers were interested at that time (purple circles)
Question 3 - Where were their stop losses?
Stop losses would have been right below the highlighted levels (red horizontal line )(break out buyers)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses would have been taken out already on Gold (Red X)
Question 5 - Did the set up make sense for me to pursue?
Yes I believe it made sense for me to pursue this trade given the information I had
________________________
Many traders seemed to be interested in sells this morning probably due to price being really high in time (I don't really know, nor can I understand why)
Especially when price is so bullish, it's like you're seeing a bull running towards you and you deciding to try to charge directly towards it
That is how I feel about selling in a bull move. My system may seem stupid but you have to admit it works.
That being said, this isn't meant to gloat, it is meant to shine a light on what I think works in the hopes that other traders may realize things they might be doing wrong.
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
P.s Being wrong isn't the probably, I am wrong a lot. Being wrong and remaining ignorant is why most traders will stay losing
Have a great day
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut.
The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies.
At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest.
Gold technical analysis
Daily resistance is 2053, lower support is 2015
Four-hour resistance 2053, lower support 2038-26
✅Gold operation suggestions:
Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range.
Pay attention to the dividing line between long and short in 2038
SELL:near 2053
SELL:near 2038
BUY:near 2038
Technical analysis only provides trading direction!
xau/usd📈 Trade Update: Gold Analysis 📊
Our latest analysis on /usd#xau has proven profitable, securing over +500 pips since February 18. 🌟 Excitingly, another opportunity has presented itself for potential gains.
🔍 Analysis:
Buy Zone: $2044 - $2040
TP1: $2065
TP2: $2082
TP3: $2099
SL: $2013
Stay tuned for real-time updates and let's navigate the markets together! 💰
XAU/USD 01 March 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (29/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
Price indicates that we are still in the bullish pullback phase of the bearish iBOS
Current expectation is for price to react at H4 POI before targeting weak internal low.
First sign of completion of pullback would be bearish CHoCH which is marked by a red dotted line.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal range established.
Bearish CHoCH indicates that bearish pullback could be underway.
Intraday expectation is for price to continue bearish, react at M15 POI before price continuing bullish to target weak internal high.
M15 Chart:
Gold is at the high of its shock range, choose Sell in 2037Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits.
From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape! Gold price is the first to reach the upper pressure near 2036 and sell first! If there is a unilateral breakthrough in the near future, you need to stop losses immediately and follow the trend!
Yesterday I said that the current market is at a high level and is oscillating. It needs to sell high and buy low within the range, and it is now at a high level within the range. So today I will no longer continue to be bullish, but sell at the current price. Specific operation details Customize it yourself.
If you want to get my accurate signal, you can contact me below. Good luck to everyone.
XAU/USD 29 Feb 2024 Intraday AnalysisH4 Analysis:
Expectation remains the same as per analysis yesterday (28/02/2024)
-> Swing: Bullish.
-> Internal: Bearish.
-> Sub-Internal: Bullish.
-> Has reached EQ.
I have marked sub-internal in red due to the significant range of the internal structure.
Price has printed a bullish sub-internal iiBOS. which indicates that we are still in the pullback phase of the internal structure.
We now seem to be in the pullback phase of the iiBOS.
Price reacted to the 50% EQ of the swing range, which is indicated in black to form bearish price action.
Current expectation, is for price to target weak internal low. A good indication that pullback phase of the internal structure is complete is once price breaks and closes below sub-internal structure low to target the weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish iBOS. Internal range established.
POI marked with red border is a flip-zone where price mitigated and continued bullish.
Price reacted to the flip-zone again and continued bullish.
Intraday expectation is for price to continue bullish to target weak internal high.
M15 Chart:
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week.
The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday.
Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years.
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
#GOLD facing resistance in the shorter time frame!Gold is currently trending within a falling channel, with the upper resistance indicating an upcoming drop towards the 1980 level, in the short term. For a bullish trend to emerge, gold would need to break out of this channel and surpass the upper horizontal resistance.
In my opinion, Gold's price will drop towards the lower support level.
Stay tuned for further updates.
Gold’s retracement is confirmed, you can buy it directly in 2027The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027!
Recently, our short-term signals have almost completely won. As far as the current trend is concerned, the gold price has entered a narrow range of fluctuations. During the range, sell high and buy low as much as possible, so as to make more profits from the limited space. However, If the price of gold chooses one direction to break through, that's when we stop!
Specific strategy: buy gold in 2027, target 2045