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What to do if your long position in gold is trapped? Hello everyone, today gold continued to fall after breaking through the support level of 1841, and there is currently no sign of a rebound. The key focus now is on the resistance around 1842. If it cannot be broken, the gold price will further decline to around 1830-1833. Currently, there may be many friends holding long positions in gold. Don't worry, first add to your long position near 1837 and take profits around 1842 when it rebounds. After taking profits, observe whether 1842 can be broken. If it can, then continue to hold onto your long position from earlier. If it encounters resistance and falls, you can choose to short gold and take profits around 1833. Thank you for your attention and support. I will continue to track changes in the market. If you have any questions, please leave a comment and I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!
FX:XAUUSD
by triumphing
Gold: Trading like this today can be profitable Hello everyone, on the 30-minute chart, gold is currently oscillating in the range of 1845-1851. The MACD indicator is temporarily in a golden cross formation, but its performance is relatively weak, and there are already signs of a death cross forming. This indicates an impending correction. On the 1-hour chart, the MACD is about to form a golden cross. If this happens, it means that there will be a large bullish candlestick coming up. However, on the 2-hour and 3-hour charts, the consolidation phase is not yet over, so it is highly likely that gold will continue to oscillate today, with a range between 1842-1857. Our trading strategy for today will revolve around this range. Thank you for your attention and support. I will continue to track market changes. If you have any questions, please leave a comment, and I will provide you with the most reliable solutions in the most sincere and responsible manner to help you solve your problems!
FOREXCOM:XAUUSD
by triumphing
1
Excellent Buying Opportunity for Gold. On the 4-hour chart of gold, it can be seen that the current candle is supported by the 4-hour Bollinger midline and is oscillating upward. At present, it is once again testing the support level of the previous high and Bollinger midline around 1845, which is an excellent long position to take advantage of! Don't miss this opportunity as it may not come again. There is pressure in the 1860-70 range above, so it is best to consider a short position only after touching that level! Specific strategy: Go long on gold at 1845 with a stop loss at 1837 and a take profit at 1860. I believe there are still many friends who bought long positions around 1860 and may be trapped. You can also consider increasing your position around 1845 and gradually unlocking the profits. Similarly, those who bought long positions at 1850 can also add to their position around 1845 and wait for profit-taking to exit. Remember, your likes, comments, and subscriptions are the greatest encouragement for me. Follow me and let trading become simpler! You are also welcome to read my other ideas below.
TVC:GOLDLong
by Ice_and_Fire1
Gold buying point is coming soon. The essence of trading is not how much profit can be made in a single trade, but whether one can achieve long-term and stable profitability. Gold encountered resistance near 1860 and fell back. It is about to reach the short-term support level of 1840-1845, which is in line with expectations. Therefore, the next step is to patiently wait for the support level to arrive. In terms of operation, you can directly open a long position at 1840-1845 with a stop loss at 1832 and a target at 1860-1865. If you have other ideas, feel free to leave a message and follow me to make trading easier.
TVC:GOLDLong
by Ice_and_Fire1
1
Gold: Forecast and Trading Strategy for Next Week In the world of trading, the players control the game, the observers understand the game, and the participants play the game within the game. What goes up high enough will eventually fall deep enough, and what falls deep enough will eventually rise high enough. This is an eternal logic in financial markets, where the core lies in volatility that creates value and opportunities. Investors and speculators participate only when there is volatility. The financial market itself does not generate profit, but the speculative price difference of buying low and selling high can produce profit. It is nothing more than buying when someone else sells, or selling when someone else buys. Therefore, to avoid being eliminated, one must understand the game, and to understand the game, one must abide by the market rules. Looking at the daily chart of gold, the downward wave has ended and the rebound phase has begun. Next week's pressure is concentrated in the daily Bollinger upper band at 1875 and the 1870 moving average area! Moreover, on Friday, the market directly broke through the pressure of 1850, so the trend next week will continue to be bullish. After rising above 1870, consider going short! There are two possible trends for the next market. The first is to continue the strong upward trend, directly breaking through the pressure of 1875 and testing the previous high position. The second is to maintain the oscillation within the large range of 1870-1800! Looking at the weekly chart, the bullish trend is slightly stronger, but a big oscillation is inevitable after rising to around 1875! In short, the strategy for next week is to go long first, adjust the mindset according to the trend after the pressure position, and follow my rhythm to continue making profits!
FXOPEN:XAUUSDLong
by triumphing
3
New gold layout with a profit of $100!!!From a technical perspective, gold is currently forming a head and shoulders bottom pattern. To confirm this pattern, the price of gold needs to rise to $1870 and not fall below around $1845 during the subsequent pullback. I believe the success rate of this head and shoulders bottom pattern is above 80%. At the same time, the announcement of February non-farm payroll data is imminent. After the release of last month's non-farm payroll data, gold fell from $1954 to $1865, with a drop of nearly $100. Since then, gold has continued to decline and fluctuate, reaching a low of around $1800. As of now, the price of gold has not yet rebounded above $1900. This shows the significant impact of non-farm payroll data. Given the analysis of the recent trend of gold, we have reason to suspect that the volatility of gold under the influence of non-farm payroll data is highly likely to be more than $40, which is a conservative estimate. Nevertheless, as long as we ensure successful trades, the profit from the same position may not be as high as last month but still substantial. I have already made plans for the arrival of non-farm payroll data. If the data has a significant negative impact on gold, it is highly probable that gold will also fall after a significant rise. If the data has a slightly positive impact on gold, gold is likely to reverse and fall. If the data has a significant positive impact on gold, the probability of gold continuing to rise is very high, and the expectation is that it will rise above $1900 again. This is my expectation for the upcoming non-farm payroll data. Before the release of the non-farm payroll data, I will always pay attention to the changes in the market and adjust my trading strategy flexibly. Of course, I will also share my strategies with everyone. I will continue to follow the gold market and share my trading strategies. Thank you for your attention and support. If you have any questions, please leave a message in the comment section. I will provide you with the most sincere and responsible solutions to help you solve problems.
FXOPEN:XAUUSDLong
by triumphing
XAUUSD-GOLD Dear traders, hope you all doing great, this will possibly be the last sell entry be on XAUUSD, We have high impact news on XAUUSD and that is why we think, it would be a perfect area to sell gold and target 400-500 pips. We may have the buy limit set around 1780-85 as this is the area every trader is eying on. -Trade Setup will only be valid if we have good rejection to ‘red marked area’. -If price comes to area range enter with 50-60 stop loss. -First target 100 pips once achieved close 50%. -Do not enter earlier with bigger stop loss. -Trade smart and wise.|| Good luck and Trade safe. Remember, Patience Pays.
OANDA:XAUUSDShort
by Setupsfx_
24
XAUUSD - TP smashed. Another amazing week complete Good evening gold gang!! Well what can i say, the days analysis went to plan. First off got the sells on the 4hr candle flip. Didnt hit full TP but i paid myself and was out at break even. Then late on the buys came above the zone and ran to target within the hour. Absolute perfection!! i banked a 1:3 on that. Ive only been posting on here for the last 2 weeks and ive enjoyed it!! trading is a lonely game and its nice to interact and share my ideas with everyone. Hopefully you guys take the same trades as me as per my analysis. Have a great weekend!! remember to backtest at least 1 hour inbetween the beer! see you monday tommyXAU
OANDA:XAUUSD
by tommyXAU
3
keeping up is counting moneySuccess will not come to your door automatically, and happiness will not come to a person automatically. All the good things in this world need to be actively fought for. As long as you are sure of your abilities, why not recommend yourself? $$$$$$$$$$$$$$$ Today's strategy is to hold onto 1830 and continue, choosing appropriate entry points for long positions. Due to variations in individual entry points, specific operations will differ accordingly. For any unclear areas, please follow the message board and targeted advice will be given. Sincere wishes for all to profit. Technical Analysis: With oscillating momentum, we wait for a breakthrough! Therefore, today's operations are relatively straightforward! If there is a small retracement above the support level of 1830 in the morning, we can directly enter a long position! Breaking yesterday's high point will further rise to the 1850 resistance zone, with the short-term resistance above still unable to break through despite repeated testing last week! This zone is still our short-term target for bullish long positions and a range of oscillating resistance that we need to pay attention to! Once broken, we can further rise to the 1880 line! The market is constantly changing, so we must keep up with flexible judgment and respond in a timely manner. Keep sufficient patience in the elliptical oscillation zone. Keeping up with the rhythm is counting money, look at the recent strategy and graphics, and you will know how accurate my prediction is! Seize the opportunity and make money is as simple as that
FXOPEN:XAUUSDLong
by StarVenus-
2
Gold preparing for downside to $1,629Gold setting up for a bearish formation. It could be an Inverse Cup and Handle, M Formation, Rounding Top. Whatever it is, the signs are looking bearish. 21>7>200 - Bearish RSI < 50 - Bearish Target $1,629 INTERESTING FACTS Gold is a chemical element with the symbol Au and atomic number 79. Gold is a precious metal, which means that it is rare and valuable. Gold is found in nature in a variety of forms, including nuggets, grains, and veins in rocks. It is most commonly found in deposits in South Africa, Australia, and the United States. Today, gold is still used as a store of value and as a hedge against inflation and economic uncertainty. It is also used in jewelry, electronics, and other industrial applications. The price of gold is determined by supply and demand in global markets. It is traded on commodities exchanges, such as the New York Mercantile Exchange and the London Bullion Market. The price of gold can be volatile, and it is influenced by a variety of factors, including economic conditions, political events, and investor sentiment. Gold is measured in troy ounces, which are slightly larger than regular ounces. One troy ounce of gold is equal to about 31.1 grams.
COMEX:GC1!Short
by Timonrosso
Gold a currency hedge assetThe 2 key reasons why gold keeps rising it is because 1) Gold is an inflation hedge asset 2) Gold is a currency hedge asset Content: • Gold is still an inflation hedge instrument • Gold is also a currency hedge instrument • How to invest & trade in Gold? CME Micro Gold Futures Minimum fluctuation 0.1 = $1 1 = $10 10 = $100 100 = $1,000 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
COMEX:GC1!Long
by konhow
XAU/USD Short Trading SetupAccording to my analysis, gold price will go SHORT in the coming days. The support level 1828 match perfectly with fibonacci ret. and 2 things support my analysis. 1- Moving averages crossed each other down. 2- price sagged below the moving average. If price breaks the resistance and make pullback with bearish engulf candle or if price reaches the moving average and makes an bearish engulf candle, the price will go down. When the signal is confirmed, I will share it here again. Follow me and stay tuned. -HecateFX "Teaches while earnings"
FXOPEN:XAUUSDShort
by HecateFX
Gold Trading Plan - 10/Feb/2023Hello Traders, Hope you all are doing good!! I expect Gold to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
OANDA:XAUUSDLong
by For3xScalper
2
GOLD XAUUSD - Where now?Hi everyone, We saw the reaction off the completed WXY highlighted last week (linked idea below) play out perfectly and the larger three wave corrective structure now also looks complete above the 1860 level. My plan is to target the price inefficiency highlighted in the red boxes whilst monitoring how the forthcoming wave structure develops. Expecting initial resistance at the 1900 level. A bullish five wave structure will likely lead gold higher beyond 1960, completing the impulsive move which began in September 2022. Will update how that plays out accordingly. Trade safe. BeyondEdge
OANDA:XAUUSD
by BeyondEdge
2