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GOLD: What happens today?Daily Digest Market Movers: Gold price declines further as economic data misses estimates Gold price drops sharply after facing selling pressure around $1,970.00 as demand for gold remains weak due to higher gold prices and interest rates. Fears of more interest rate hikes from the Federal Reserve (Fed) deepen as Chicago Fed Bank President Austan Goolsbee favors further policy tightening despite easing inflationary pressures. Meanwhile, 10-year US Treasury yields remain subdued at around 4% as inflation remains in check after soft United States core Personal Consumption Expenditure (PCE) data was released on Friday.
TVC:GOLDLong
by Sphyn-Trader
4
XAUUSD: 2/8 gold operation suggestion​​​​Gold layout analysis: This morning, gold opened at the 1950 line, rose as high as 1953, and then began to fluctuate and fall. Gold bulls are currently weak. The trend has changed too much in the short term. On Monday, the shock rose slowly to the 1972 line and began to fall back. The decline continued on Tuesday, with the lowest falling to the 1941 line. The current quotation is fluctuating around the 1946 position. Further declines are expected. Be more cautious in handling. From the hourly chart, gold is still a weak shock, but it is still a bearish shock. According to the trend of the previous two days, it can be seen that the rise and fall during the shock process are all unilateral behaviors, and there is no adjustment form. Friends who haven't entered the market are best to wait and see, don't chase the rise and kill the fall, the wind direction involved is too big to operate. ​Back to the topic, gold is currently in the downward trend of shocks, and the strong support below is at 1940, and it should further attack it in the short term. Today, gold fell back around this position again, and if it does not break below, it can do more at this position again. In terms of operation, the main thing is to sell high and buy low, but this trend will test the individual's understanding of the market, otherwise it will be difficult to make a profit. Suggestions for today's operation: Around SELL1963-1966. Around BUY1941-1938.
OANDA:XAUUSD
by ActuaryJ
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
OANDA:XAUUSD
by ActuaryJ
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
OANDA:XAUUSDShort
by ActuaryJ
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.
TVC:GOLDLong
by Sphyn-Trader
15
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!
FOREXCOM:XAUUSD
by EagleEyeStrategy
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
OANDA:XAUUSDLong
by ActuaryJ
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
TVC:GOLDLong
by DNA_TradingFX
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
OANDA:XAUUSDLong
by DNA_TradingFX
2
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
OANDA:XAUUSDShort
by ActuaryJ
4
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
TVC:GOLDLong
by Dylan-Jones
2
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
TVC:GOLDShort
by DNA_TradingFX
6
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
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
TVC:GOLDShort
by DNA_TradingFX
6
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.
OANDA:XAUUSD
by ActuaryJ