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XAUUSD: intraday shock range 1912~1935Good morning, friends, in terms of the trend of gold yesterday, it did not continue the upward trend of last Friday. Instead, it went deep V-shaped in the US market time period, with an upward trend of falling first and then rising. This is also the completion of my transaction yesterday. Signal, take a profit of 8 US dollars. At present, my point of view remains unchanged. The upper resistance position of 1935 is also likely to be touched today. Gold has risen many times and has not made a substantial breakthrough. If you want to make a breakthrough within the day, you must be stimulated by news. For the time being, it seems that there has been no change in the bulls, and there is an obvious upward correction of shocks. So the next operation is still the same as what I said on Monday, we can just sell high and buy low to operate in the range shock. Near SELL1935, near BUY1912, this is the general direction of today's trading, specific real trading signals pay attention to follow-up updates ​
OANDA:XAUUSDShort
by ActuaryJ
Gold trading recommendations today Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short. Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average and then directly turns downwards, and directly falls below the support of the short-term moving average! The current K-line remains below the moving average, and the short position is in a downward trend! Rebounds are short opportunities! The current pressure is the reverse pressure position of yesterday's consolidation, and it is also the short-term moving average 1918 position! Relying on this pressure position within the day, the position is dry and bearish! After the big non-agricultural data, it is expected to further break the new low and continue to fall! Trading straregy: gold: sell@1918 tp1:1900 tp2:1890 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
Gold price fell below 1915, go longEntered the market at 1916 in the morning, and there was no TP in 1920, and finally fell sharply. At present, the bottom support is formed, and the short-term strategy in the day continues to be long At the same time, when gold falls back to 1911/1910, you can enter the market in batches. In early trading today, it is given 1916~17 to do more. If you hold the 1900 line, we are short-term bullish. We will look at the follow-up direction in 1920 The fall of the golden hour line is normal and inevitable. The bottom of the candle chart is also obvious, and the triple bottom is more prominent. The gold price has also passed the long-lost resistance line 1912. The candle chart can still maintain 1912, so we go long directly As long as the price of gold falls back, we dare to increase our positions, unless we break through the 1900 line
OANDA:XAUUSDLong
by ActuaryJ
Potential Gold Rally at Latest Resistance of $2072 A potential gold rally that may occur if it reaches the latest resistance level $2072. However, I would like to emphasize the need for caution, as the pressure on gold could lift if signs of a recession start to build. Gold has shown remarkable strength over the past few months, with prices steadily climbing and reaching new heights. We find ourselves at a critical juncture as it approaches the resistance level $2072. Should gold break through this level, it could trigger a significant rally, leading to further price appreciation. Nevertheless, it is essential to consider the broader economic landscape. The global economy is currently facing uncertainties, with various indicators suggesting the possibility of an impending recession. Should these signs materialize into a full-blown recession, the pressure on gold may temporarily lift as investors flock to other safe-haven assets or adopt a risk-off approach. Given the delicate balance between a potential gold rally and the looming recessionary concerns, it is crucial to approach the situation cautiously. As a prudent gold trader, it is wise to carefully assess the market conditions, monitor economic indicators, and stay updated on significant developments that could impact gold prices. With this in mind, I encourage you to consider loading up on gold as part of your trading strategy. Gold has historically proven to be a reliable store of value during economic uncertainty, serving as a hedge against inflation and currency fluctuations. By diversifying your portfolio and allocating some of your investments to gold, you can potentially mitigate risks and safeguard your wealth. In conclusion, while the possibility of a gold rally at the latest resistance of 2072 is enticing, it is crucial to remain cautious and vigilant. Keep a close eye on the signs of a potential recession, as this could significantly impact the performance of gold. You can confidently navigate the market by staying informed and making well-informed decisions.
OANDA:XAUUSDLong
by bryandowningqln
XAUUSD: pay attention to the trend range 1910~1940As far as today's market is concerned, looking directly at the picture, the current upper pressure level is gradually lowering, and the short-term focus is around 1930. If it breaks through 1930, then rebound and continue to focus on the 1940 area. With a lower weekly close, we're leaning toward another bottom this week. Therefore, in terms of operation, today it is recommended that gold rely on the two pressures of 1930 and 1940 to see the market and continue to short rallies, with the target around 1910! ! ! The market will focus on the initial monthly rate of US durable goods orders in May, which will be released later. The current market expectation is -1.0%. If it meets expectations, it will be the worst performance in the past three months. This expectation tends to support gold prices. However, the hawkish stance of most central banks around the world and the need to raise interest rates further may limit the room for gold's rebound. In addition, this trading day also needs to pay attention to the seasonally adjusted annualized total new home sales in May in the United States, the Consumer Confidence Index of the Conference Board in June in the United States, the CPI data in May in Canada, and pay attention to the speeches of central bank officials such as the Bank of England, the European Central Bank and the Bank of Canada. The trading signal SELL1929-1932 during the Asian session made a profit of 50 points, and it has already made a profit in advance today
OANDA:XAUUSDShort
by ActuaryJ
2
Gold continues to fall after rallyGold's current upper moving average suppression point is around 1913-15. At present, we still need to pay attention to 1913-15. As long as we can't stand above 1915, then gold will come down again. However, once you stand above 1915, you should be careful that gold may test the moving average position of 1925-30. On the contrary, if we cannot stand firmly on 1913-15, then we can rely on this to enter the market and sell short. First of all, look at the 1900 mark below. Once it falls below 1900 again, you can see 1880 here. Yesterday we scalped and traded first short positions and then long positions. The total profit of the day reached 30% Today's profit target is 50%+ Today's first gold trading signal has been updated, contact me to get If you didn't keep up with me yesterday, there's still time today
OANDA:XAUUSDShort
by K-linesound
GOLD 23/6 $$ CORRUPTION OF PRICES ABOUT $1910The US Dollar's moderate strength is playing a role in limiting the rise of XAU/USD. Additionally, Federal Reserve Chair Jerome Powell, in his recent two-day testimony, emphasized that the central bank will likely increase interest rates later this year, but in a cautious manner, to address persistent high inflation. Powell also stated that rate cuts are not expected in the near future and the Fed will wait until it is confident that inflation is moving towards the target of 2%. As a result, US Treasury bond yields surged overnight, providing some support for the US Dollar and potentially further curbing the price of Gold denominated in US Dollars. Gold price is approaching the lowest price in 2 months around $1910. The buying force at this time is not large, the downtrend is still dominant SET up GOLD zone at: BUY GOLD zone: $1903 - $1900 SL 1890 Based on the EMA 34 , EMA 89 shows no signs of reversal yet
OANDA:XAUUSDLong
by DNA_TradingFX
22
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
Gold trading recommendations today The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again! After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band! Trading straregy: gold: sell@1960-1955 tp1:1950 tp2:1940 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
Gold Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend. It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark. However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market. As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955. Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
TVC:GOLDShort
by DNA_TradingFX
13
Today's PPI - Bulls are extremely scaredThe recent decision by the Fed to pause on future rate hikes is good news for gold. However, there are concerns that the yellow metal could face increased pressure as this move may push risk appetite up. Some analysts have warned that the Fed may still raise rates later in the day due to US inflation being far above the central bank's 2% target. Despite slipping below the 2 EMAs of the uptrend, gold remains stuck between key breakout support and resistance levels of 1935 and 1980. The Fed's actions could have a significant impact on the US dollar's value and, in turn, affect gold's performance. Currently, gold is moving below the bearish band in all trading frames, and its decline may only stop if there is more positive news or if the price resistance at 1918 - $ 1900 is reached. Today's target for gold traders should be to keep an eye on the 1955 zone, as the downtrend may continue around this price level.
TVC:GOLDShort
by DNA_TradingFX
17
XAUUSD: wait for the rebound opportunity to shortThe U.S. market has officially opened. With the opening of the U.S. market, gold also rebounded near the 1 9 5 2 position in the short term. The rebound was not in place, and we continued to wait and see with short positions. The current market trend is rising due to the impact of data values ​​in the short term. , but do not consider chasing long, more is to wait for the opportunity to short, to see if gold will give the opportunity later.
TVC:GOLDShort
by ActuaryJ
1
Gold Analysis - Strong Support Holding and Potential for UpsideThe following analysis represents my personal opinion, and any trades executed based on this chart are solely your responsibility. Hello Hello Hello traders - In the world of gold trading, the support level between 1931 and 1939 remains robust, with the stop loss set at 1930. Despite a barrage of news impacting the market in recent weeks, the steadfast support at 1930 continues to hold firm. A prolonged period of consolidation has characterized the market in recent weeks, setting the stage for an imminent major move. Current market conditions suggest a preference for a long-term uptrend in the daily time frame, indicating the potential for gold to breach the 2000 level and potentially move even higher in the near future. Please remember that any trades executed based on this analysis are at your own discretion and risk. Make sure to conduct thorough research and seek professional advice before making any investment/trading decisions. Happy Trading
FX:XAUUSDLong
by FOLLOW_PIPS
2