GOLD BUYHello, according to my analysis of the gold market. There is a great buying opportunity. With gold breaking the head and shoulders model. We also notice that the price is trying to break the strong resistance at the level of 1933. The downtrend is as shown in the image. good luck for everbody .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
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XAUUSD: 31/7 Gold Trading StrategyGold analysis: trading strategy has won nine trading days in a row, and today I will bring you a new trading strategy
After the Fed raised interest rates, gold returned to the 1980 mark. 1985 was the top of the previous 1940-1985 shock range, or the 50% position of the 2078-1983 Fibonacci retracement. It is expected that the Air Force will launch a counterattack here. In the end, the shorts won, and gold still rushed up and fell back to around 1940. At present, gold shows an M-top shape above 1980, and it also successfully fell below the neckline position of the 1950 mark. However, the rebound repair hit 1964 and was blocked. If this position is regarded as an irregular head and shoulders top, left and right shoulders, it can be said that it has passed, and it was hovering in the 1950-1964 range in the early stage. , Now it is blocked and fell back below 1960. From my personal point of view, it is definitely obvious that gold has peaked in the short term. Both the M-top shape and the head-and-shoulders top shape are bearish.
Today's monthly line is closed, and the current monthly line is falling at a high level. If it can fall below the 1950 watershed today, then the decline will be more clear to continue.
Today's gold operation strategy:
SELL: 1962-1965
TP1:1957
TP2:1952
BUY:1947-1950
TP1:1955
TP2:1960
Pay attention to follow-up real-time trading signals and bring you profits
Gold retest. A good buying opportunityHello, according to my analysis of the gold market, there is a good opportunity to buy. The market broke the downtrend. We also notice an ascending channel. A very positive green candle has formed on the 4-hour chart, confirming the strong entry of the buyers. All these factors confirm that gold is only for buying. Good luck to everyone
XAUUSD: 24/7 Gold Trading StrategyGold analysis: The strategy shared by gold last week only entered long orders, but the strength of the rise is worrying, and they all oscillated around 1965. In terms of the overall trend of gold today, it has returned to the previous state of shock, but this week's data week, there is the Fed's interest rate decision. Gold will also take a new direction again, and it will be difficult to operate in this state. Two days before the data comes out, it will definitely return to the previous conventional style of play, mainly selling high and buying low. At present, the upper high is at the 1975 line, and the resistance is at the 1970 position. The lower low is 1893. The support position is at 1950. From a technical point of view, gold definitely needs to fall again to consolidate the lower support point. Only in this way can the follow-up rally be smooth, and we will be safe enough when we are long.
Back to the topic, the current trend of gold is weak for bulls, and short positions are relatively active, but they are only active. We still have to look at the bulls. Today's operation is mainly to sell high and buy low:
SELL: 1967~1971
TP1: 1962
TP2: 1957
BUY: 1955~1952
TP1: 1960
TP2: 1965
Subsequent sending of real-time trading signals
GOLD: CB Consumer Confidence!Concerns about a potential recession, the deteriorating relationship between the US and China, and geopolitical risks are dampening the recent positive outlook in the markets. The release of the Purchasing Managers' Index (PMI) data for July has further fueled worries of a global economic slowdown. The survey indicated a widespread drop in business activity in the manufacturing and services sectors of the Euro Zone, the UK, and the US. As a result, investors are turning to safe-haven assets like gold for some stability.
Gold price gains some positive traction during the Asian session on Tuesday and for now, seems to have snapped a four-day losing streak to over a one-week low touched the previous day. The XAU/USD currently trades around the 1,960 level, up 0.25% for the day, as traders keenly wait this week's key central bank event risks.
XAUUSD:Will it fall below 1900 again?
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article.
At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally, the market stopped falling at 1893, and then, in the following news, it broke through 1937, and it returned to above 1952 again.
At present, the price has touched the important resistance of 1981-1985. Although there is no breakthrough, we have to be vigilant. If it does not break it (1963-1957) in the process of backtesting the support, it will mean that it will rise again , may go directly to around 2000.
Of course, if it breaks below support, or even falls to around 1943-1939, then we will consider it to form a head and shoulders pattern again, and then fall below 1900.
The number of initial jobless claims will be announced tomorrow. This is an opportunity to choose the direction of the current shock. We only need to focus on these few positions.
At the same time, the month is coming to an end, NFP and some other monthly data will once again bring new opportunities for gold, are you ready to seize them?
You can find me and get more trading signals!
XAUUSD: 21/7 Gold Trading StrategyGold analysis: Yesterday morning, it rose strongly to the 1987 line and then began to fluctuate and fall back. After the release of the initial jobless claims data in the U.S. market, it finally fell to the 1965 line to form a double support. From the current trend of gold, it can be long or short, but the closing price is around 1969, which shows that the bulls still occupy the home court in a short period of time. But you can't go blindly to see more. The short-term double bottom support below 1965 is not very strong and may be broken at any time. In the short term, the top has reached a key resistance position, and it is difficult to stand on it in a short period of time. At present, the top short-term resistance point is 1975. If the market does not break through, there will be a possibility of a second decline. This position needs to be paid attention to.
Back to the topic, judging from the fact that gold closed above 1965 yesterday, the bulls will remain unchanged in the short term. As for when the adjustment will end, we need to wait for the trend to come out. Today's operating strategy:
SELL: around 1980
TP1:1973
TP2:1965
BUY: 1963-1960
TP1: 1968
TP2: 1975
Continue to pay attention to real-time dynamics
Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target.
Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%.
BUY GOLD zone 1948 - 1952
Stop Loss : 1942
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
Gold Jul 21 Rises To New Heights.Expectations of a pause have negatively impacted the dollar in recent weeks, while benefiting metals markets, especially gold, as the interest rate outlook weakens.
Rising interest rates push up the opportunity cost of holding non-yielding assets, reducing the attractiveness of gold as an investment vehicle. But a more stable exchange rate could spur more inflows into the yellow metal.
BUY GOLD zone 1955 - 1957
Stop Loss :
My taget is: 1965-1975
Note: Installing TP SL fully wins the market and is safe in trading
Gold 21/07 Ambition TP 2000$.Gold prices rose in the Asian session on Thursday, hitting their highest in more than two months as weak UK inflation data led many to bet that global interest rates were nearing a peak, while a weaker dollar also helped.
The yellow metal is currently about $15 away from $2,000 a wish.
GOLD zone 1972 - 1975
Stop Loss : 1980
My taget is: 1968-1955
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD: 18/7 Gold Trading StrategyGold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit.
Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money.
Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy:
SELL: 1965~1968
TP1: 1958
TP2: 1955
BUY: 1950~1945
TP1: 1955
TP2: 1960
xauusd:The support level 1965 has a huge upside
Gold formed a big positive line yesterday and rose in volume, confirming the stable situation after stepping back to 1946 the day before. It broke high again the next day, closed at a high level, and continued to stabilize at a new high level. It hit a recent new high of 1985, getting closer and closer to the 2000 integer mark. There is a little room for release today, and it is expected to touch the 2000 mark. At present, the daily line closes at a high level, and the short-term will continue to rise moderately. Judging from the K-line shape and the moving average indicators, gold has formed multiple divergent patterns, and with the upward moving average indicators, it has formed a supportive upward trend. The breaking high of 1963 has also been converted into a support level.
Overall, gold continued its upward momentum, breaking highs became support. Continue to be bullish today, and it is expected to gradually break through the 2000 mark.
gold buy 1968-1973 tp 1990-2000
Gold 7/19- FED, USD and Gold - Trader's battleAll eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates.
While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes.
BUY GOLD zone 1962 - 1965
Stop Loss : 1957
My taget is: 1970$ - 1985$
Note: Installing TP SL fully wins the market and is safe in trading
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
Gold Daily TFI anticipate that gold will experience a healthy retracement following a bullish flag breakout.
Starting from June 6th, the Dow Jones has been declining, but it has now discovered support and is responding positively from a -0.27 weekly Fibonacci target. In my observation, the Dow Jones appears poised to rise, while gold seems likely to begin a downward movement.
XAUUSD GOLD Sell Trade IdeaXAUUSD - GOLD - Market Analysis
Smart-money concepts / Institutional trading strategy
Thursday price started to slow down after creating new highs earlier in the week.
Following structure from the 4H down to the daily, we can see very clear breaks of structure towards the down-side.
Entry is based on 4 of my confirmations including Risk:Reward over 1:5.
Could take gold lower but will be waiting for further price action when market opens.
Inflation cools down, Fed may raise interest rates for the last In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target.
As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023. However, they think the probability of the Fed raising one more time is quite low, about 25%, down from more than 33% before.
BUY GOLD zone 1943-1940
Stop Loss : 1935
Take Profit 1: 1945
Take Profit 2: 1950
Take Profit 3: 1960
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD: About today's CPI strategy within the dayYesterday, gold directly broke through the previous double top of 1935, which broke the previous standard shock range. Therefore, the trend of trading is a bit unclear, and the long and short positions are a bit difficult to ride. Although it has broken through 1935, there is no unilateral pattern, so it is difficult to be optimistic about a big rise, but it has already broken through 1935, and it is difficult to see a big drop, so shorting is also more difficult.
From the perspective of cycle technology, the daily line has risen slowly since last week, Lianyang has risen, and since it broke the 1935 double top, it has begun to stand firmly above the Bollinger middle track of the daily line cycle. Then, this wave of gold is on the track in the daily line The demand at the high point of 1955, therefore, try to do long-term long-term transactions in the near future, and short-term retracement. However, there is no clear unilateral state in the H4 cycle. At least for the time being, Bollinger has not opened his mouth. Therefore, there is still the possibility of falling back and oscillating. Then, the key within the day is to look at the size of the falling space. The lower support is at 1928, 1920. If the Asian-European market falls below 1928, gold will enter the shock cycle again
The U.S. market may use the CPI data to scan the market up and down, and the range is expected to be 1940/1912. If the Asian-European market does not fall below 1928, it can continue to increase on the support of 1928. Continue to look up and break the position. The U.S. market may use the CPI data to rush higher. Focus on 1940 and 1955 above. Therefore, the whole day market focuses on the gains and losses at 1928 points. For transactions before the intraday CPI data comes out, if gold slowly rises to around 1940, you can short-sell to see the room for a fall, and then combine the above-mentioned key points to see the gains and losses, and then decide whether to keep the short order.
CLEAR BULLISH Gold Trend? (READ FULL)TVC:GOLD
CAPITALCOM:GOLD VELOCITY:GOLD NYSE:GOLD ACTIVTRADES:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD
PEPPERSTONE:XAUUSD EIGHTCAP:XAUUSD
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Welcome back, traders! Make sure to bookmark this page for regular market analysis. Today, we're diving into the technical analysis and forecast for the XAU/USD pair, also known as gold. So let's get started!
Gold has soared to new heights, reaching a high of 1962. The recent release of CPI data triggered a free fall in the dollar, further fueling the bullish momentum for gold. The lack of support for the dollar, with the last significant level at 100.80, paints a negative picture for the Dollar Index (DXY). As sellers dominate the market, the DXY faces a potential decline towards double-digit figures, suggesting a favorable environment for gold.
Turning our attention to the gold market itself, it's undeniable that the precious metal is experiencing a strong bullish trend. A notable structural change has occurred in recent days, with gold transitioning from forming lower lows and lower highs to higher lows and a breakthrough of previous resistance levels.
This shift in the market structure presents an excellent opportunity for swing traders to consider taking a long position in gold. The next target for gold lies within the range of 1980 to 2000. A breakthrough above the significant 2000 level could potentially propel gold to new all-time highs, offering even greater opportunities for traders.
Now, let's discuss the trading strategies that can be employed to capitalize on the current market conditions. Given the overbought nature of the market, buying on retracements is a prudent approach. Waiting for a retracement allows for an improved risk-to-reward ratio. During the European session, if gold exhibits a deep retracement or displays a few red candles, it may be an opportune time to consider a buy position around the 1940 level.
Keep in mind that 1940 previously served as a strong resistance level. Given recent developments, it is likely to act as a support level going forward. However, considering the current market price around 1956, it's important to acknowledge the distance between the current price and the desired entry level. In such cases, an alternative support level to watch is around 1945, which may provide a viable bounce opportunity.
To confirm these levels, it's beneficial to utilize the Fibonacci retracement tool. By drawing the Fibonacci retracement from the lowest to the highest point on the chart, we can identify the 0.236 retracement level aligning with 1945, further reinforcing its significance as a potential support level.
In summary, if gold retraces to these identified levels and finds support, it presents an attractive opportunity to enter long positions. However, always exercise strict risk management principles to safeguard your trading capital. In the event of an unexpected deeper retracement, it is crucial to be prepared and adjust your trading strategy accordingly.
That concludes today's analysis of the XAU/USD pair. Remember, market analysis is subject to change, so conduct thorough research and analysis before making trading decisions. Be a trader, not a gambler. Follow strict risk management guidelines, and trade wisely.
Thank you for reading, and stay tuned for more updates on the exciting world of trading gold.
GOLD ( XAUUSD ) Long Term Trading IdeaHello Traders
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Inflation Cools, Gold Heats UpIn June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021.
The implication of this deceleration is that it could prompt the Federal Reserve to scale back its plans for interest rate hikes. With inflation showing signs of cooling, the central bank may now be inclined to raise rates only once more throughout the remainder of the year.
In the wake of the inflation report gold prices shot up, soaring by more than 1.3%. The metal breached the $1,940 resistance level but fell just short of clearing the $1,960 overhead barrier. If further upward momentum materializes, it could pave the way for a potential retest of $1,975 and $1,980.
At the same time, the US dollar faced a steep decline, sinking to its lowest point in over 14 months. Against the Swiss franc, it tumbled to depths not witnessed since early 2015, settling at 0.8673 francs, down 1.4%. Earlier in the session, it even touched 0.8660, marking its weakest position since the Swiss National Bank abandoned the Swiss currency peg back in January 2015. Against the Japanese yen, the dollar hits a six-week low of 138.47 yen, witnessing a 1.4% decline. Additionally, the US dollar weakens by more than 1.5% against the New Zealand and Australian dollars. Conversely, the euro surges to its highest level since March last year, reaching $1.1125. The Euro trades up 1.2% at $1.113.
Gold Daily TFI am presently anticipating the possibility of gold surpassing the 1940 mark. Once it achieves this, gold's upward momentum is expected to intensify. Today at 1:30 PM, we have the CPI data, so let's observe the outcome.
Gold has successfully broken out of a bullish flag pattern, and I predict a retracement to the flag's lower boundary, followed by a further upward movement. This will allow gold to reenter the channel and continue its bullish swing.