Gold short entry 2660.00 - 2365.00XAUUSD ( Update..! )
Intraday Sell setup short
GOLD SELL LIMIT AT 2360.00 - 2365.00
TAKE PROFIT 1 : 2350
TAKE PROFIT 2 : 2340
TAKE PROFIT 3 : 2335
STOP LOSS 2374
When hitting targets ;
Set Break-Even after first target.
Partial close at minimum 40-50 pips.
Implement minimum 2 layers in the zone
Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital.
Goldtradingsetup
GOLD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
GOLD moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello 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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
XAUGBP Bullish Money Heist PlanMy Dear Robbers / Traders,
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Stop Loss: Recent Swing Low using 4h timeframe
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This time it is a decline. The gold price will test around 2300
MCX:GOLD1! COMEX:GC1! OANDA:XAUUSD NYMEX:WTI1! BINANCE:BTCUSDT BYBIT:BTCUSDT.P TVC:DXY NYMEX:MCL1!
I believe many people still don't know how to trade gold. In fact, in terms of operation. The short-term pressure position of gold, 2332-2338, has always been a heavy pressure position. It is not difficult to see from the chart that the pressure is very high. Observe the overall trend. At present, gold is still showing a downward trend, and every sharp rise is based on major news. So what if there is no news support? We need to judge based on the trend and then make the right transaction. I think the gold price will continue to fall today. The current position is around 2330. It is a good selling point. I think the space below will test the low again. If you like to trade gold but don’t analyze the market or trade independently. You can refer to my instructions.
This is just a signal. If you want to expand profits or recover losses in a long-term and stable manner. Join the guidance class. You will have different gains.
Stay tuned.
Analysis of gold price trend on TuesdaySpot gold is currently trading around 2330 in early Asian trading on Tuesday. Gold prices rose 0.23% on Monday, and the US June ISM manufacturing PMI data was worse than market expectations, which also provided upward momentum for gold. The market focus turned to the US NFP data to be released later this week, which may provide more clues for the Fed's interest rate cut.
U.S. manufacturing shrank for the third straight month in June, and a measure of factory input prices fell to a six-month low due to weak demand for goods, suggesting that inflation may continue to recede. This week, the market focuses on a speech by Federal Reserve Chairman Powell on Tuesday, the minutes of the central bank's latest policy meeting on Wednesday, and U.S. non-farm payrolls on Friday. U.S. markets will be closed on Thursday.
Powell is likely to stick to his data-dependent stance, so gold prices could rise again if U.S. NFP data is weak later this week. The market currently expects a 64% chance of a rate cut by the Federal Reserve in September and another in December. Lower interest rates can reduce the cost of holding gold. In addition, geopolitical concerns and concerns about the uncertainty of the French election situation also provide some support for gold prices.
The battle between long and short gold is hard to separate, and both long and short gold have opportunities. Yesterday, the gold price continued to pull around the 2320/2340 range repeatedly, and the daily line rose slightly, continuing to close around the long and short red and green alternately. The technical short-term four-hour chart and hourly chart are not very weak. The price basically maintains the upper and middle track of the Bollinger band and continues to adjust. The RSI indicator continues to run above the middle axis. The technical side continues to maintain the range operation and fluctuate. Before breaking the range, keep the idea of selling high and buying low to participate.
Asian trading strategy:
Short-term gold 2318-2320 long, stop loss 2311, target 2335-2345;
Short-term gold 2338-2340 short, stop loss 2349, target 2320-2310;
Transaction entry passed My market review. USD:
- The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED).
- If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates.
- In addition, if JOLTs data is weaker than expected and Mr. Powell is concerned about the economy, the USD may decline due to expectations of loose monetary policy.
. World gold price:
- Gold prices often fluctuate due in part to the impact of the USD and are considered a safe asset amid economic concerns.
- If the statements of Mr. Powell and Ms. Lagarde show concerns about the economic situation, gold prices may increase as investors look for safe assets.
- However, if the market is optimistic about the economy and expects higher interest rates, gold prices may come under downward pressure.
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD SELL | Idea Trading AnalysisGOLD is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello 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.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Is it time to sell gold? I don't think so.
Gold price analysis:
Current short-term trend: Up.
News: Good news for gold
Technical Indicators: MA shows bullish trend
Short term pattern: triangle consolidation
Breakthrough direction: Up
Support: 2366-2262
Pressure: 2397-2404
In the short term, low buying is still the main trend!
The above gold prices are based on the real-time prices on TradingView.
Reference products: MCX:GOLD1! TVC:GOLD OANDA:XAUUSD COMEX:GC1!
Taurus will continue to lead gold higher. tp2216
From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large.
The U.S. dollar also surged higher but fell back, providing good support for gold prices.
A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low.
Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference.
Buy gold at the price of 2206-2207 and hold it until it rises.
sl2198
tp2166
Related Products TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
Gold prices remain bullish. Available to buy now
Gold prices in Asia were flat.
No news about assists yet
The price of gold remains within a narrow range of 2177-2179. The long and short competition is fierce.
Based on the observation of MA and four-hour trend chart, the market is still in a small long trend. The bulls are obviously stronger than the bears. And the trend of rising and diverging should continue.
Today’s trading target remains at 2186-2190. Mainly buy low.
Radical friends can do so at a location near 2177.
Friends who don’t want to take risks can proceed below 2175
Control risk when trading.
XAU/USD 09 May 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price has now printed a bearish BOS and iBOS as price needed a pullback from all HTF's
Following the shift in structure we now expect price to pullback. First indication, but not confirmation, of pullback initiation would be for price to print a bearish CHoCH which is denoted with a blue dashed line.
Price is currently reacting at premium of EQ of the internal structure where it is expected the strong high will hold.
Intraday expectation : From a bearish structural perspective price to target weak internal low.
H4 Chart:
M15 Analysis:
Analysis/Bias remains the same as yesterdays analysis dated 08 May 2023
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish iBOS
Bearish CHoCH has been printed which indicates, but not confirms, that we are in pullback phase.
Intraday expectation: Price to react at 50% or M15 POI before targeting weak internal high.
However, due to the bearish structure of H4 it would not be unrealistic for price to target swing low.
M15 Chart:
XAUUSD | GOLDSPOT | New perspective | follow-up detailsIn the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate retaliation.
Meanwhile, US front, robust US Retail Sales figures from last week triggered a reevaluation of interest rate expectations, propelling the US 10-year note yield to levels not seen since November 2023, reaching a peak of 4.696%. Atlanta Fed’s Raphael Bostic cautioned against persistently high inflation, signalling a challenging path ahead for the central bank. Yet, New York Fed President John Williams struck a more measured tone, highlighting the Fed's data-driven approach and its current stance on monetary policy.
As market sentiment fluctuates, the CME FedWatch Tool hints at a shift in sentiment for potential rate cuts, with September earmarked as a likely window for action. Against this backdrop, this video delves into the technical intricacies of the XAUUSD chart. Through the lens of price action analysis, we unravel the behavioural patterns driving market dynamics and offer insight into potential price movements for the week ahead.
XAUUSD Technical Overview:
In this video, we conducted a thorough analysis of the XAUUSD chart, integrating both technical and fundamental perspectives. Our analysis delved into key levels, historical price movements, market dynamics, and the interaction between buyers and sellers, intending to identify potential trading opportunities.
Our focus for the upcoming week centres around the $2,365 zone, which holds significant historical importance and is poised to influence next week's trading activity significantly. Sustained bullish momentum above this level could fuel continued buying interest, potentially driving prices to new highs. Conversely, a breach below the $2,365 level, accompanied by ongoing selling pressure, may indicate a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD: 24/4 Today’s Analysis and StrategySpot gold technical analysis
Daily resistance is 2350, support below is 2320-2300
Four-hour resistance is 2334-64, square support is 2320-2300
Gold operation advice: Gold rebounded after bottoming out in the U.S. market yesterday. After hitting the lowest near 2291, it began to counterattack in the U.S. market, and the highest hit near 2332. After two months of sharp rise. Gold began its two-day decline. Although yesterday's decline was completely swallowed up by the US market, it also allowed the market to see the willingness of short sellers to attack. The current key pressure and watershed above gold remains at yesterday's high point of 2335. This position will also serve as an important suppression in the short term. If gold continues to fall in the later period, the withdrawal amplitude should not exceed this position. At most, it will only form a certain false puncture effect.
Judging from the current trend, the top will focus on the 2335 line for short-term suppression, and the bottom will focus on the 2320-2300 line for short-term support. In terms of operation, it will be short on the rebound. If the price does not break 2320, rely on the 20 position to go long, and keep trading with the trend.
BUY:2318-2023
SEL:2330-2335
SELL:2309-2013
Technical analysis only provides trading direction!
Gold trading strategies continue to be bearish
Spot gold continued to rebound in the short term, with the price of gold once touching $2,330, climbing nearly $15 from the intraday low. It was always difficult to break through $2335 and then fell to around $2315.
If gold prices want to reverse the downward trend upward, the outlook for gold prices remains bearish unless gold prices rebound above $2,343.00.
Spot gold closed slightly down 0.2% on Tuesday at $2,322.03.
Gold prices closed below $2,325.90 per ounce yesterday, which makes the corrective bearish trend still valid for some time to come. Currently waiting for gold prices to fall towards the next correction target of $2,280 per ounce.
The stochastic indicator is currently sending a clear negative signal, which supports the return of gold prices to the expected decline. Additionally, the 50-period exponential moving average (EMA) is creating bearish pressure. It should be pointed out that if gold prices break through $2343.00, this will stop the bearish correction and push gold prices back to the main bullish trajectory.
Gold prices today will be between the support level of $2,295.00 and the resistance level of $2,335.00.
The expected trend for gold prices today is bearish.
Trading idea: Trade short gold after the rebound
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
Correct gold trading advice, winning is not about confusion
friends
The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges?
In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit.
If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all.
Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend!
Correct gold trading advice, winning is not about confusion
friends
The recent overall trend of gold in the market has shown a decline, but trading is also full of challenges. Opportunities and challenges coexist. Are you ready to meet your challenges?
In my trading advice today, I emphasized the trading idea of shorting gold at high prices after a rebound. I wonder if you have adopted my trading idea in your trading and made a profit.
If you followed my trading advice, you may have gained something. Taking advantage of opportunities to make profits in trading may not be so difficult after all.
Now the price of gold has rebounded to around US$2,330 after falling to a low of US$2,291. There is a certain pressure on the top. If it is still difficult to rise to the range of US$2,335-2,340, then there will inevitably be a downward trend!
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
Gold short-term technical trading strategy
Friends, gold has plummeted recently, and opportunities and challenges coexist. Are you ready to welcome your victory?
Spot gold suddenly plunged nearly 40 US dollars in the short term, and the gold price just hit a low of 2295.44 US dollars.
What happened yesterday was that this important factor that was good for gold prices disappeared.
Tehran has played down Israeli drone strikes in retaliation against Iran, a move that appears aimed at avoiding an escalation in the region. Global risk sentiment was boosted by signs that the conflict between Iran and Israel would not worsen.
This has eased investors' concerns about conflicts in the Middle East, prompting them to scale back safe-haven trades and instead favor riskier assets such as stocks.
Looking at the daily chart of gold, the price of gold has fallen sharply, which may start a more severe corrective decline. Technical indicators are turning firmly to the downside.
Gold prices fell below the key Fibonacci support level at $2,326.56, which is the 23.6% Fibonacci retracement of the rise from $1,984.20 to $2,431.43.
In addition, gold prices have also fallen below support near $2,310, which will push gold prices down to the next Fibonacci support level of $2,260.70.
Therefore, in short-term trading, my suggestion is to short-sell at a high price after rebounding during the decline!
Enter short position near $2320.
TP: USD 2295-2390
SL: USD 2330-2335
If you encounter difficulties, you can seek my help. I will share trading strategies and trading ideas every day.