Goldtrend
Gold price forecast for the next 3 weeksAccording to the history of this chart, during 5 daily candles, the price is moving towards the blue ceiling, and during 6 candles, it will suffer below the blue range and finally return to the specified direction, which will take a total of 3 weeks.
That is, this week is up. The next week it suffered and the next week it returned, and these are all from the history of price movement in this channel.
Can gold continue to be long?Gold once dipped deeply on Friday, but overall it still held the 2310 line. The bulls held the 2310 line. The overall thinking was bullish.
The gold four-hour line is still bullish overall, showing an arc bottom shape. At least the K-line is still above the moving average. Even if the K-line is tested downward, it maintains a strong upward rhythm, and the K-line itself is also a support point near 2330.
Trading strategy: Gold 2326 long, stop loss 2316, target 2340
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
$2,300, adjusted expectations !!! XAU / USD ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) is trading lower at $2,335 early Monday in Asia. Persistent US inflationary pressures are raising uncertainty about upcoming Federal Reserve rate cuts. The Fed's interest rate decision on Wednesday will be a key event to watch.
⭐️ Personal comments NOVA:
According to weekly commentary - GOLD PRICE continues to be in the adjusted price range DOWN. Monday, there is not much motivation for price changes, the sideways are mainly in the $2300 - $2350 price range with a wide range.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2302 - $2300 SL $2295
TP1: $2310
TP2: $2320
TP3: $2330
Pay attention to the scalping price range
BUY GOLD ZONE: 2315-2317 SL 2312
TP: 30 - 50 - 100 pips
🔥SELL GOLD zone: $2353 - $2355 SL $2360
TP1: $2348
TP2: $2340
TP3: $2330
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GOLD - at today resistance ? whats next??#GOLD.. what a move exact as per our video analysis, and now market at his today resistance area, that was our resistance area in last week but market placed 2352
now again if market hold that area then drop expected from here,
keep close that area because its your area for now..
selling invalidate above 2340 sustained,
good luck
trade wisely
Analysis of gold trend outlook
The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce,
Next week will be an important test for gold. This level has become an important pivot point.
Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow on the upside and potentially spell trouble for some bulls.
Gold price action so far has been described as a healthy correction. The next major support level is expected to be around $2,255 an ounce. Staying above this level would send a signal to the market that the pullback is nothing more than a weak correction in a strong uptrend. While the Fed and Friday's non-farm payrolls report will be next week's two major economic events, there's still a lot of data coming out that will add to volatility next week.
Still, the central theme remains the tug-of-war between economic growth and inflation.
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Gold analysis Gold analysis
Watch for this 2 channel
Downtrend channel for 15 min time frem and upwards channel for 4hr time frame
Plan tread accordingly
And on bigger picture it's a inverse Flag patter
If break down' of 4hr channel happen which is highly important at first but in case if it's happening today we can see more downside from this
Gold is still range-bound, and it will fall back slightly next w
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or downward is decided by the market!
But the only thing that can be confirmed at the moment is that the one-hour trend is still intact and sweeping back and forth between channels. At the same time, the recent data market is in a passivation stage. Data cannot sway the market, which means adjustments will continue. Persist until a unilateral breakthrough! Taken together, the gold price trend next Monday will still be dominated by shocks, with selling high and buying low!
From a technical perspective, the current situation is that the moving average golden cross supports gold prices. In addition, the recent swing lows have continued to rise. The channel is actually bullish, and short-term operations are easy to control. ! Although the overall position is bearish, it will continue after falling below. In fact, short-term operations are not greatly affected by the general environment. Relying on the pattern of the ascending channel, going long after a pullback is more stable than going higher!
specific strategies
Gold will break through 2320 next Monday, stop loss at 2310, and target 2350
The above are my predictions for next week. If you agree, please leave me a message.
Two different strategies for the price of gold:Today I want to share an update on the hourly timeframe gold analysis with you. As you may know, due to geopolitical events in the Middle East and less-than-stellar economic data from the United States and globally, gold has managed to break its historical ceiling and experienced a good uptrend. Given that this metal has an upward trend, current events are contributing to its price increase.
Currently, we are in a corrective phase in gold. I have two scenarios in mind for gold and based on that, I am setting my trading strategy. In the first scenario, as evident on the chart, gold has formed the first leg of its downward correction and is trapped in a flag pattern. Although the flag has become very long, it is currently in its corrective phase around the Fibonacci 0.5 level. If the channel support is breached, I expect further decline towards the $2242 area until the second leg of correction is formed.
In my second strategy, considering that there is no potential for creating a new price floor within the defined channel and it is forming a new ceiling, and given the good reaction we had on the third contact with the channel floor, I expect a price reversal up to $2400. There are two resistance areas on the way up for the gold price, as shown in the chart. In any case, it seems that we are currently in a range-bound market.
Gold price adjusts below $2,300 next week✍️ NOVA hello everyone, Let's comment on gold price next week from 4/29 - 5/3/2024
🔥 World situation:
Gold price falls as US inflation data exceeds expectations, dampening hopes of Fed rate cuts. Annual underlying inflation rises to 2.7% but slows from February's 2.8%. Monthly inflation in line with expectations. Positive for bond yields and USD.
🔥 Identify:
Gold price has formed the DOW theory and is in a FIBONACCY correction. Expect prices below $2,300 next week
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2400, $2430, $2455
Support : $2284, $2212
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD: 26/4 Will gold continue its rally?Gold technical analysis
Daily resistance is 2361, support below is 2320
Four-hour resistance is 2361-69, square support is 2334-25
Gold operation suggestions:
Judging from the current trend, the short-term support below will focus on 2334-25, the important support will continue to focus on around 2319, and the pressure on the top will focus on the 2361-69 area. During the day, we will rely on this range to maintain high altitudes and low longs. The short-term long-short strength dividing line is 2319. Before the daily level breaks through and stands firm at this position, gold will continue to maintain long-short oscillations.
BUY:2334 near. SL2330 near
BUY:2320 near. SL2317 near
SELL:2361 near. SL2365 near
SELL:2369 near. SL2372 near
Technical analysis only provides trading direction!
GOLD BUY | Idea Trading AnalysisHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GOLD long
! Great BUY opportunity GOLD / XAU
I still did my best and this is the most likely count for me at the moment.
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How to obtain stable returns from gold tradingIn a financial market full of variables, gold, as a traditional safe-haven asset, has always been favored by investors. Gold speculation can not only bring considerable returns to investors, but is also an effective means to avoid economic risks. However, how to operate steadily in market fluctuations and achieve stable returns is the key that every investor needs to think deeply and master.
1. Understanding the characteristics of the gold market is fundamental
The first task of gold speculation is to have a deep understanding of the characteristics and operating rules of the gold market. The gold market is affected by various factors such as global economy, politics, and monetary policies, and price fluctuations are frequent and large. Investors need to pay close attention to the international political and economic situation and grasp market fundamentals so that they can respond promptly when market fluctuations occur.
2. Choose the trading method that suits you
There are many trading methods for gold speculation, including spot gold, gold futures, gold ETFs, etc. Investors should choose a trading method that suits them based on their financial strength, risk tolerance and investment objectives. For example, investors with strong financial strength and high risk tolerance can choose to participate in gold futures trading and use the leverage effect to amplify returns. For investors with limited funds and pursuing steady returns, they can choose to buy gold ETFs to reduce risks through diversified investments.
3. Develop scientific investment strategies
Developing a scientific investment strategy is the key to achieving stable returns. Investors should formulate reasonable buying and selling points based on market trends and personal circumstances. In an upward trend, you can adopt the strategy of buying on lows and selling on highs; in a downward trend, you should mainly wait and see with short positions, waiting for the market to stabilize before choosing an opportunity to enter the market. In addition, investors should also set reasonable stop loss points to control risks and avoid excessive losses.
4. Pay attention to technical analysis and fundamental analysis
Technical analysis and fundamental analysis are the two magic weapons for gold speculation. Technical analysis mainly predicts future price trends through statistics and analysis of historical market data; fundamental analysis focuses on studying macroeconomic factors and policy trends that affect gold prices. Investors should use the two in combination to confirm each other and improve the accuracy of predictions.
5. Maintain a good attitude and patience
Gold speculation is a protracted battle that requires investors to maintain a good attitude and patience. Market fluctuations are normal, and investors should learn to stay calm amid fluctuations and not be affected by short-term fluctuations. At the same time, gold speculation is also a long-term accumulation process. Investors need to wait patiently for opportunities and not blindly pursue short-term gains.
6. Continuous learning and improvement
The financial market is constantly changing, and investors need to constantly learn new knowledge and skills to adapt to market changes. Gold speculation involves a wide range of knowledge, including macroeconomics, financial markets, technical analysis and other aspects. Investors should constantly improve their investment level by reading books, participating in training, and paying attention to expert opinions.
In short, although gold speculation has high profit potential, it also requires investors to have solid market knowledge, scientific investment strategies and a good mentality. Only by thoroughly understanding the market, choosing a trading method that suits them, formulating scientific investment strategies, paying attention to technical analysis and fundamental analysis, maintaining a good attitude and patience, and continuing to learn and improve, can investors achieve success in market fluctuations Stable income.
Gold trend analysis and trading advice
The price of gold rose to a maximum of $2,352 today. It was hindered by resistance from above and could not continue to rise. Subsequently, it was affected by the annual rate of the core PCE price index in March and now maintains a downward trend. The market situation is changing rapidly, so it is particularly important to accurately judge the impact of the news and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. Only by grasping the market trend can you be invincible in trading.
The latest important support and resistance levels for gold prices:
Support level: $2310; $2295;
Resistance: $2,361; $2,372
Trading operations: Go short after gold rebounds and go long after it falls.
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Gold will riseGlobal gold can continue its upward trend due to increasing tensions in the Middle East region
By examining the trend in the four-hour time frame, global gold has the support of $2,333, and if it is maintained, it can increase to the resistance of the ceiling of the ascending channel in the range of $2,389.
Profited $12K, continue to short gold after reboundIf you are my follower, I believe you must have followed my trading strategy of shorting gold in the 2345-2350 area. The gold market did not disappoint us. After hitting a high of 2352, gold's rise stalled and continued to fall. The lowest fell back to around 2329. So our gold short position went on to make very substantial profits and once again maintained a 10-game winning streak on the trading record.
I just did some statistics and found that I made a profit of FWB:12K in gold trading today, and a total profit of $63K this week including today. In my opinion, this is a very satisfactory trading result.Looks like I'm going to have a nice weekend. After all, as a full-time trader, work is trading, and the rewards from work are used to enjoy life and create value.
Because today is Friday, and gold is once again in a volatile trend, with relatively little volatility, so if there are no good trading opportunities, I may end today's transaction. But as far as the current gold market is concerned, although gold has rebounded again, I think it is best not to chase gold now. Because gold has fallen since around 2350, it has limited the room for gold to rise, and the strong resistance above has been confirmed again, so even if gold rebounds in the short term, it will be difficult to sustain. Therefore, my suggestion is to participate in shorting gold again after the rebound, and the target area for shorting gold is the 2340-2345 area.
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XAUUSD. Levels for intraday trading .04.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP.
Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern.
TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1.
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Gold bottoms out and rebounds, long trade wins
Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30.
On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345.
Gold short-term technical outlook analysis
U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains.
Generally speaking, gold tends to benefit in a risk-averse environment, which tilts the risk to the upside. In the short term, gold prices offer a neutral to bullish stance based on the 4-hour chart.
Gold prices currently face resistance at the April 25 high of $2,344. If this level is exceeded, gold prices will target the $2,352 level, followed by the $2,400 mark.
The latest important support and resistance levels for gold prices:
Support level: $2310; $2292;
Resistance: $2352; $2368;
Gold prices are expected to fluctuate and rise today.
Trading strategy: Go short after gold rebounds and go long after it falls.
It is recommended to go short near $2345-2350
Or going long near $2320-2310 is also a good choice.
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!
The US PCE makes a big debut, how should gold respond?
Gold US market welcomes PCE data. Will gold continue to hit new highs or will it rise and fall as before? How should it be laid out?
If the U.S. market data for gold is bullish and it rises directly to a new high, then gold will fall back and go long and adjust its thinking. However, before reaching new highs, we can still watch gold rise and fall first. Gold rebounded in the past two days and fell back above 2330. Now it has been converted into support. If the US market falls back and no longer falls below 2330, then gold can rely on it. 2330 is bullish support. If the data is negative and falls directly below 2330, then the rebound will continue to be bearish.
The market is changing rapidly. Once the market continues to be strong, don't stick to it, and don't be overly obsessed with longs and shorts. It's just a chance, and make timely adjustments according to the current market.
U.S. market operation ideas:
Gold is short at 2347, stop loss at 2355, target 2334-2330;
Gold establishes bottom after breaking through 2330! It’s about
Gold establishes bottom after breaking through 2330! It’s about to rise sharply after leaving the shock zone!
During the day, the price fluctuated weakly below 2330. After a tug of war between long and short, the price finally broke through 2330. The one-hour bottom pattern was established, and long orders entered the market! The target above refers to 2350-2360!
Specific operation strategies:
Go long if 2330 breaks out, stop loss 2320, call 2350-2360!