The signal of gold peaking is obvious, the current price is SellToday’s strategy sharing
Gold has clearly peaked at the moment, with continuous negative lines falling. Even the rebound is short-lived. After all, it still looks like it is falling. It is suppressed by the moving average after all. The moving average is running downwards, with no possibility of turning around. The continuous negative line covers the rebound of the positive line, which is obviously If you look at the decline, continue to wait for the 2145 line.
So I think now I can wait for the rebound and sell again
Goldtradingsetup
XAUUSD: 25/3 Today’s Analysis and StrategyGold was trading around 2166 on Monday; affected by a series of factors, gold prices experienced extremely rare fluctuations last week, with a single-week fluctuation of nearly $77. Last Friday, due to the optimistic economic outlook of the United States, DXY strengthened, and DXY refreshed its monthly high of 104.41. Precious metals faced a sharp sell-off, and the price of gold expanded its decline to around 2157.
After the Federal Reserve's monetary policy meeting, it retained expectations of three interest rate cuts during the year, which put pressure on the U.S. dollar, but helped London gold prices rise to a record high above $2,220. Although the Fed has hinted that it may cut interest rates three times in 2024, the final decision will depend on economic data. Gold bulls may stage a comeback if upcoming U.S. data supports a rate cut, however, bears are also lurking, waiting for the next opportunity to suppress prices.
Due to the tense conflict between Russia and Ukraine, investors need to beware of further escalation of the geopolitical situation caused by terrorist attacks, which is expected to provide further upward momentum for gold prices. New home sales data will be released on Monday, durable goods, consumer confidence and Richmond Fed survey data will be released on Tuesday, and MBA mortgage applications will be released on Wednesday. However, Thursday will be the busiest day next week due to the Easter long weekend, when final fourth-quarter GDP data, jobless claims, pending home sales data and the University of Michigan Consumer Sentiment Survey will be released data.
Gold technical analysis
Daily resistance is 2250, support below is 2177-45
Four-hour resistance is 2186, support below is 2150
Gold operation suggestions:
Last Friday, as the market began to consider the possibility that the Federal Reserve would cut interest rates later, the U.S. dollar index continued to strengthen. The technical aspect of gold was suppressed below 2186, showing a weak and volatile adjustment. The Asian market opened slightly higher throughout the day and came under pressure of 2186, and then began to fall continuously downward. Then it accelerated downward and broke through 2170 to reach around 2162 and fell into sideways shock. The US market reversed for a second time and came under pressure. 2180 fell back again and fluctuated downward to break the bottom and close. The daily K-line closed negative. The overall price continued to suppress and adjust at the short-term high of 2222, and the short-term long and short strength dividing line moved down to the 4-hour top-bottom conversion level of 2186.
Judging from the four-hour daily analysis, the current daily level is still consolidating in the range before it breaks through the 2145 position below. Today, the short-term resistance above is 2186. Before the short-term daily level does not break through and stands above 2186, high-level consolidation is cautious to pursue the bullish trend.
BUY:near 2145
SELL:near 2186
Technical analysis only provides trading direction!
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XAU/USD 25 March 2024 Intraday AnalysisH4 Analysis:
Bias/Analysis remains unchanged since last analysis dated 22/03/2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Sub-Internal: Bearish
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's
Analysis on 22/02/2024 was for price to indicate initiation of pullback by printing a bearish CHoCH which was denoted with a blue dotted line. Price printed this.
Due to the size of the internal range I have plotted sub-internal range, which is denoted in red, to gain a micro-view of price action.
Sub-internal structure is bearish.
However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback.
From a sub-internal intraday bias and perspective, price to react at 50% EQ or potentially strong internal high before targeting weak internal low.
An alternative potential scenario would be for price to print a bullish iiBOS which would then align both both swing and internal structure for price to target weak internal high.
M15 Chart:
XAU/USD 25-29 March 2024 Weekly OutlookWeekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has finally printed a bullish swing BOS.
Most likely scenario would be for price to pull back following swing BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for price to print a bearish CHoCH which is denoted by a vertical blue dotted line. Price has now printed a bearish CHoCH.
Internal structure is now confirmed
Expectation is for price to react at Weekly POI's or 50% EQ, which is denoted in blue, before targeting weak internal high.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS. Swing low confirmed and adjusted with swing high yet to be established.
Most likely scenario will be for price to pull back following swing BOS. First indication, but not confirmation, would be a bearish CHOCH denoted with a vertical dotted line.
Price could potentially continue to trade bullish to seek further liquidity before pullback, however, it is looking increasingly likely a pullback will be imminent as the CHoCH has been brought considerably closer.
Daily Chart:
H4 Analysis:
Bias/Analysis remains unchanged since last analysis dated 22/03/2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
Gold 4 Hour - Bullish Retracement Action into Bearish ShortWe basically traded our first bear fib on a longer term timeframe with the move down from highs . . . Our lows on Friday afternoon's session came within a buck of targets, so there could be a substantial retracement, potentially an "ALL THE WAY, HALF WAY BACK from the ALL TIME HIGHS. What this would look like is a Head and Shoulders Top . . . with the right shoulder going as high as 2198 . . . The bulls could be out in force next week . . . and we would be right there joining them on counter-trend long trades. But, Remember when I said I would be selling spikes in the last entry. A move to 2198 would qualify as a spike. Failure for the bulls to break into new highs would be seen as a top here. And, the inability to get past 2200 would be the sell signal the the market needs to bring us back to a meaningful retracement for the year.
Golds out look for next week. On Friday, we observed a descent to the 4-hour demand zone, concluding with a precise closure at 2156, followed by a bullish surge in the final four hours. This entry point aligns with our anticipation of reaching all-time highs, driven by the bullish flag pattern identified earlier.
Beneath this demand zone lies a critical support level, tested four times, displaying robustness alongside a closely tracked trend line. Absent a break and retest of both, there's no compelling reason to consider selling. Considering the bullish long-term outlook for gold amidst geopolitical tensions and a weakening dollar, downside prospects appear limited for now.
Continuing our buying strategy, our focus remains on gold surpassing its pivot point at 2177, then targeting resistance levels between 2180 and 2185. Friday's attainment of 2180 resulted in a 200-pip descent to our demand zone, presenting an opportune bounce area for scalping. A breakout beyond this level, followed by a retest, signals a robust buy opportunity towards the subsequent resistance at 2200.
To confirm a bearish sentiment, we await the breach of the trend line, coupled with a break below the 2152.45 support level, followed by a retest, before considering sales.
XAUUSD: 22/3 Today’s Analysis and StrategyGold continued to fall sharply on Friday, currently at $2,166. Gold prices fell back on Thursday. After Federal Reserve Chairman Powell hinted on Wednesday that he would cut interest rates three times in 2024, spot gold gained additional momentum, once reaching a record high of $2,222. But gold prices gave up gains as the dollar index rebounded as the number of U.S. jobless claims unexpectedly fell last week and existing home sales increased by the most in a year in February, signs that the economy remains solid in the first quarter.
Supported by strong economic data, the U.S. dollar index rose 0.58% on Thursday, recovering all of Wednesday's losses and closing at 104.02, the highest closing price in March. The Swiss National Bank unexpectedly cut interest rates and the Bank of England issued a dovish signal, which also gave the U.S. dollar a boost on Thursday. Indexes provide upward momentum.
Next week's unemployment claims data will provide more clues about the health of the labor market in March. Thursday's report showed that the number of so-called continuing claims rose by 4,000 to 1.807 million in the week ended March 9.
Gold technical analysis
Daily resistance is 2250, support below is 2145
Four-hour resistance is 2178, support below is 2146
Gold operation suggestions:
From the daily level and the current four-hour perspective, for gold, we focus on the suppression of 2200 at the top, and the short-term support at 2146 at the bottom. In terms of operation, we first treat it in a range, wait patiently for the market to adjust fully, then enter the market, and the market will call back to around 2150. A radical plan It is to enter the market to go long, but if the market falls below the 2146 mark, the long position will be over (based on the daily closing price). After it falls below, we can follow the trend and enter the market with short orders.
SELL: around 2145
SELL: around 2178
BUY: around 2150
Gold continues to fall, and the current price is directly SellGold continues to fall from its high level. At the same time, the early 2164 support platform has also been pierced. The inverted V reversal pattern has emerged, and there is still a large downside space. In the absence of news stimulation, it will at least return to its starting point. On the 2157 line, the market continues to fall, and our short orders will be arranged to follow the market's rhythm! So you can Sell directly!
Judging from the current market situation, the bullish momentum has faded, and the shock and decline will gradually eliminate the previous bullish followers! Subsequent followers will gradually enter the market! And the market will also wait for the time to mature before going out of a waterfall market! The one-hour short corner is currently at the 2175 line, which is also the point where the moving average is suppressed. If it reaches it again within the day, we will definitely increase our position! Those with short positions will have an excellent entry opportunity!
XAU/USD 22 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed a bullish iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation is for price to react H4 POI to then target fractal high.
Because of the need for HTF's requiring a pullback, another potential scenario would be for price to continue bearish and print a bearish iBOS which would then indicate the Daily pullback has initiated.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price printed a bearish CHoCH, indicating, but not confirming, that pullback has initiated. This is also a requirement for all HTF's
Yesterdays Intraday expectation was for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with a blue dotted line. Price printed this.
Current intraday expectation is for price to react at either H4 or M15 POI. Price to then target weak internal high.
However, due to the requirement for all HTF's requiring a pullback, an alternative scenario would be for price to print a bearish swing BOS which would then confirm the initiation of H4 pullback.
M15 Chart:
Gold god strikes again. Let's take a moment to review this flawless execution AGAIN!!!.
We identified the bullish flag pattern prior to reaching all-time highs, offering an ideal entry point.
Yesterday's push following the Fed meeting was just what we needed. Currently, gold's all-time high stands at 2220. Today, we witnessed a retracement to the key support level we anticipated yesterday, hitting 2167 as predicted. With a clean break of 2185, our next resistance target is 2200. Gold's journey is far from over; 2220, we'll be seeing you soon.
Gold latest technical analysis
In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and is currently trading around US$2,200, rising by more than US$20 during the day. Spot gold is trading at $2,200 an ounce.
Looking at the daily chart of gold, gold prices have confirmed the formation of a bullish flag, with the relative strength index (RSI) once again overbought.
The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome Powell said at a subsequent press conference that he believed interest rates may be at a cyclical peak and that it would be appropriate to start cutting interest rates at some point this year.
Affected by the dovish stance of the Federal Reserve, the U.S. dollar suffered a sell-off on Wednesday, with spot gold closing at $28.96, or 1.34%, at $2,186.06 per ounce. The price of gold rose further in early trading in Asia on Thursday, reaching a maximum of $2,222.90 per ounce, setting a new all-time high.
As shown on the daily chart of gold, gold prices confirmed the formation of a bullish flag after closing above the downtrend line resistance at $2,161 an ounce on Wednesday.
If gold buyers regain confidence, the next bullish price target is expected to be a record high of $2,223 an ounce, followed by a psychological level of $2,250 an ounce.
If the daily closing price of gold is below the $2,200/ounce mark, the high of $2,189/ounce will be tested.
Once gold prices fall below $2,189 per ounce, this will trigger a new downward trend in gold prices and fall towards Monday's low of $2,146 per ounce.
My suggestion is to go short at high prices at the right time
Always pay attention to my signals to make the right choice from them.
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XAUUSD: 21/3 Today’s Analysis and StrategyGold prices topped $2,200 for the first time in history as the Federal Reserve maintained expectations for three interest rate cuts this year, suggesting they were not concerned about a recent rise in inflation. It once hit a record high of $2,222.65, rising by more than $60 before the Fed's interest rate decision. Gold climbed more than 1% on Wednesday after the Federal Reserve signaled they expected to cut interest rates by 75 basis points by the end of 2024, sending the dollar and Treasury yields lower.
Gold investors are finally breathing a sigh of relief as there is some new buying momentum in the precious metals market as the Federal Reserve hints that it will still cut interest rates three times this year. In a highly anticipated move, the Federal Reserve announced it would keep the federal funds rate unchanged at a range of 5.25% to 5.50%. However, the market is more interested in the Fed's forward guidance and interest rate expectations before the end of the year.
Although the Fed continues to signal interest rate cuts, it is still reluctant to provide a specific timetable. The monetary policy statement struck a very optimistic tone about the health of the economy. The gold market rose sharply as markets began to solidify expectations for a rate cut in June.
golden technical aspect
Daily resistance is 2250, support below is 2177-45
Four-hour resistance is 2223-50, support below is 2178-50
Gold operation suggestions:
From the daily analysis, the short-term support below focuses on the vicinity of 2178. This position is also the watershed for the recent strong bulls. At the same time, do not chase the bulls at the current high level. Just wait patiently for sideways consolidation before entering the market.
SELL:2120-2125
BUY:2178-2183
BUY:2148~2153
Technical analysis only provides trading direction!
XAU/USD 21 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold continues it's bullish run following the Fed's dovish outlook on interest rates.
Price has printed an iBOS where we are currently trading within a fractal high and internal low.
Relative to recent price action of the swing range, I have readjusted bullish BOS to bullish iBOS.
Intraday expectation would be for price to show signs of pullback initiation, which have yet to occur, or, price could react at 50% EQ before continuing bullish to create new highs.
Another potential scenario would be for price to continue bullish from current price, create a new high which would bring the CHoCH closer to very most recent price action allowing Gold to pullback without the need to pullback so deep as current CHoCH location which is denoted in blue dotted line slightly above the internal low, is a significant distance away from current price.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS followed by bullish BOS following the Fed's dovish outlook on interest rates yesterday.
Price is currently trading within a fractal high and low.
Intraday expectation would be for price to indicate initiation of pullback by printing a bearish CHoCH which is denoted with blue dotted lines.
Alternatively, and much like H4, price could continue bullish to create new highs in order to bring CHOCH closer to the very most recent price action. This would Gold to initiate first structural signs of pullback without the need to significantly pull back.
M15 Chart:
XAUUSD: 18/3 Today’s Gold Trading StrategyData last week showed that U.S. consumer prices rose more than expected in February, and producer prices also showed a certain degree of inflationary stickiness. Traders have reduced their bets on an interest rate cut in June. Gold prices fell more than 0.8% last week.
Spot gold has already priced in the positive push from expectations of lower interest rates. If inflation starts moving higher again, it means policymakers will have to keep monetary policy tighter for longer. Although gold does not particularly like high interest rate environments, if the reason for interest rates remaining so high is overheating inflation this naturally means that people will turn to international gold again. Higher-than-expected inflation continues to put pressure on the Federal Reserve to keep interest rates high, putting pressure on gold prices. The non-yielding precious metal is also used as a hedge against inflation.
Central banks will be in focus this week. The Bank of Japan and the Reserve Bank of Australia will announce interest rate decisions on Tuesday, the Federal Reserve will announce interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will announce interest rate decisions on Thursday. The market will also focus on Tuesday's U.S. housing starts and building permits, as well as Thursday's weekly jobless claims, Philadelphia Fed manufacturing survey, PMI preview data and existing home sales.
Gold technical analysis:
Daily resistance is 2184, support below is 2124-00
4H resistance is 2158, support below is 2124-00
Gold operation suggestions:
Judging from the daily and four-hour analysis, today's short-term strong short-term strong dividing line is around 2158. Short-term pressure will focus on around 2158. The focus below will be on the daily level support of 2124 and today's low near 2145.
BUY:2140-2145
BUY:2120-2125
xauusd goldBack to our latest analysis of #XAU/USD, we're delighted to share that our recent assessment of #XAUUSD (Gold) has proven accurate, with the market closely aligning with our projections.
Although the prices didn't adhere strictly to our forecast, the overall movement unfolded as anticipated.
new all-time high for gold was recorded yesterday during the #FOMC, our targets still set at $2260.
Gold execution As mentioned earlier this week, gold entered a flag formation in anticipation of today's Fed news, poised for potential upward movement. Today, we observed a bullish surge from 2150 around 12:30, gaining 100 pips before stabilizing in anticipation of further updates. With the flag pattern broken and a strong bullish sentiment, a retracement back to 2176 followed by a retest and subsequent rise to new highs is likely. This reaffirms our belief that the journey with gold is far from over. Hopefully, everyone capitalized on these opportunities and made some gains.
Gold market analysis
The price of gold is now $2157
From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern.
Focus on Fed rate decision and Powell press conference
The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference.
Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts.
It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year.
The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices.
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The downward trend continues, choose to sell high againGold is still in a volatile pattern. The short-term trend continues to be suppressed by the pressure level of 2160 on the upper trend line, and the overall recent trend is bearish. Now that the counterattack has basically arrived, you can choose to sell at a high level again!
The fluctuating trend of gold prices is a good opportunity for us to sell high and buy low. Looking at the market, the key resistance levels above are at the turning point pressure of 2160 and 2163. Choosing Sell is just right! Trading is actually very simple. Choose the right direction, control the position risk, and the rest is to wait for the goal to be realized!
Today’s gold price market trading analysis
On Wednesday (March 20), spot gold was trading below $2,160 per ounce at the beginning of the European market. Investors are cautiously awaiting the Federal Reserve's monetary policy statement. However, the market remains cautious about gold's near-term upside. If Powell makes dovish remarks again, gold is expected to usher in a new rally.
But from a short-term perspective, according to the 4-hour chart, gold prices are currently trading around $2,155 per ounce, and although below the mildly bearish 20-period SMA, a deeper decline remains unclear. The longer-term moving averages continue to rise, but technical indicators remain at negative levels, lacking clear directional strength signals.
Gold prices will continue to fluctuate within a narrow range. It is particularly important to grasp the rhythm at this time.
The latest important support and resistance levels for gold prices:
Support level: $2145.10;
Resistance level: $2163.40;
I am more inclined to go long at low prices, going long around $2150
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Today's gold market price analysis
On Monday (March 19), the price of gold is now $2,159.
According to the current gold trend, gold prices will continue to fluctuate within a narrow range.
Gold remains at high levels and is trading sideways in a narrow range for the time being. On the four-hour gold chart, the price of gold is still suppressed by the moving average and is below the middle track of the Bollinger Bands. The high points are successively lower, seemingly forming a downward channel. The technical indicator MACD energy column continues to remain below the zero axis, indicating that gold's situation under short-term pressure has not changed significantly. Initial support below is $2,142.15, with further levels at $2,130.66 and $2,110.45. Only if the upper limit breaks through $2,176 can the upward trend be expected to continue.
Short-term gold trading recommendations: short around $2,160.
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Real-time analysis of gold price
Today, the lower support will focus on 2145-50, and the upper pressure will focus on 2170. During the day, we will first rely on the high altitude and low long cycle of this range to participate in the rhythm of long and short shock operations. At the midline position, you should watch more and move less, follow orders cautiously, and wait patiently for key points to enter the market.
Always pay attention to my signals to make the right choice from them
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!