XAUUSD Buy UpdateUpdate to ytd's published idea. H1 target using Tuesday's high has been achieved. Taking lesser trades with better ROI works better and is less stressful in my opinion.
Goldtrend
Already made 18K profit, continue to short gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over $18K.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Already made 18K profit, continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, gold first rebounded to 2392 today and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, the short-term rebound of gold did exceed my expectations.I originally thought that gold would not rebound beyond 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full 290 points of profit! Achieved profit of over $18K for the day.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 position area many times recently, and has started to fall downwards from there. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bull momentum, we can appropriately lower the short-term resistance expectations to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of news. With the current reduction in interest rate expectations, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, its dominance gradually declined, and the market always returned to the technical level. Overall, gold has a demand for a correction at the technical level, which to a certain extent has also suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may trigger a short counterattack and gold is sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies. The top focus will be on the key resistance area of 2390-2395.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
BTCUSDTNumbers one means buying smart money and numbers two means selling smart money
Smart money buys and sells along the way
Smart money has collected market orders by targeting the old valley and liquidity under the old candles and is expected to reach the upper region in the image for the last time.
GOLD SELLHello, according to my analysis of the gold market, we notice the formation of an ascending channel. However, despite that, it is only a corrective wave. We may see a decline from the 2080 area, which is a correction to the Fibonacci golden ratio of 61%. Good luck to everyone
Be brave and short gold!Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again.
In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because gold has stopped at the 2395 area many times recently.Then the area has become a key resistance level, and the short-term resistance level is in the 2388-2390 area. Therefore, for this short-term rebound, I do not expect gold to break through the 2388-2390 area, and then it will continue to correct.
After all, after gold has fallen so much, it will not rebound all at once. It needs technical secondary confirmation of support before it can continue to rebound. Therefore, even if gold will continue to rise, before it rises, gold should still technically step back to confirm support. . In addition, the short-term head and shoulders pattern formed by the short-term level currently needs to be digested by the short sellers!
Therefore, in terms of short-term trading, I still tend to short gold. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold’s 3-game winning streak, how to trade today?
The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers.
Trading strategy; short around 2380, stop loss 2390, target 2370-2361
GOLD SELLWelcome . Analysis of the gold market. On the clock frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
Anouare
Gold stuggles at the Highs of the weekly range 2,393 🪙Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently bearish during Thursday NYSE as price appears to be rejecting the Daily resistance (2,383) once more. We may retrace back to the bottom of the range at 2,360
XAUUSDGold down..
According to our analysis based on the daily closing price we now have two distinct levels: 2390 and 2360.
2360 We hope the market will go
Who is buying gold at this time? bullion is turning to all-time highs again, however this time buyers are fleeing gold miners` shares in droves.
Even gold exchange-traded funds, which use buyers` cash to collect bodily stockpiles of bullion, are contracting as gold costs rise, that's exactly the alternative of what many analysts expected.
The disconnect ties right into a broader fashion wherein the profile of the biggest customer of gold has shifted: buyers are fleeing the gold industry, dumping gold mining shares and redeeming gold ETFs, at the same time as imperative banks across the world, especially in China, have dramatically multiplied annual bullion purchases at some stage in the beyond years.
The chart underneath illustrates this ramped-up shopping for from international imperative banks.
We`re searching at purchases relationship again to 2010. Notice how the extent of gold sold in 2022 and 2023 towers principally different years.
Profit of 11K, both long and short have profit potentialToday’s gold trading situation is as follows:
1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696
2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228
3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769
Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have once again continued our 9-game winning streak in recent gold transactions. This is a very good result.
For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it has repeatedly risen to 2400. So after failing to break through many times, whether it is due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time.
The correction is coming as soon as it comes, and the current lowest level of gold has fallen back to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even near 2350, which means it may replicate the short-term trend of April 16th,thus laying the foundation for short-term adjustment trend pattern.
Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to go long gold directly now, because once gold cannot recover its losses as soon as possible, gold may continue to fall. So before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will make a corresponding trading plan!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold Shines in Emerging Markets, While Silver Seeks RefugeThe recent economic landscape has painted a fascinating picture for precious metals. Gold has emerged as a champion for investors in economies with developing currencies, like the Turkish Lira (TRY), Indian Rupee (INR), and Chinese Yuan (CNY). Conversely, silver seems to be finding favor as a store of value in more established economies with mature currencies, like the Euro (EUR). Understanding the economic forces behind this divergence can provide valuable insights for investors.
Emerging Market Reliance on Gold
For emerging economies, gold has historically served as a hedge against inflation and currency devaluation. As these economies experience higher inflation rates and potentially weaker currencies compared to their mature counterparts, the allure of gold's perceived stability grows.
• Inflation Hedge: When inflation erodes the purchasing power of local currencies, gold's historical tendency to maintain its value becomes especially attractive. Investors in these markets can turn to gold to preserve their wealth.
• Currency Devaluation Shield: A weakening local currency can make imports more expensive and hinder economic growth. Gold, on the other hand, is often seen as a global currency, offering a sense of security against fluctuations in the domestic currency.
• Safe Haven Appeal: Emerging economies can be more prone to political and economic instability. Gold's reputation as a safe-haven asset provides a sense of security during turbulent times.
Silver's Appeal in Mature Economies
While gold thrives in emerging markets, silver seems to be resonating with investors in mature economies for different reasons:
• Industrial Applications: Silver's extensive use in industrial applications, particularly in the green energy sector with solar panels and electric vehicles, makes its price more susceptible to economic growth. As mature economies tend to be more stable and have a higher potential for sustained growth, silver can benefit from this positive economic outlook.
• Lower Barrier to Entry: Compared to gold, silver has a lower price point. This makes it a more accessible investment option for a wider range of investors in established economies, where wealth distribution may be more even.
• Hedging Against Stock Market Volatility: While not as traditional a safe haven as gold, silver can offer some protection against stock market downturns. Its price often exhibits a positive correlation with the stock market during periods of economic growth, but it can also hold its value or even rise slightly during market corrections.
The Interplay Between Currencies and Precious Metals
The strength of a country's currency can also influence investor preferences for precious metals.
• Strong Dollar, Weaker Silver: A strong U.S. dollar (USD) can make dollar-denominated assets like silver cheaper for investors holding other currencies. This can potentially lead to increased demand for silver in economies with weaker currencies.
• Euro's Stability, Silver's Holding Power: The Eurozone, though facing its own economic challenges, offers a more stable currency environment compared to some emerging markets. This stability could make silver an attractive option for investors seeking long-term value storage without the volatility associated with emerging market currencies.
Investing Considerations
Gold's recent performance in emerging markets and silver's traction in mature economies highlight the importance of considering the interplay between economic conditions, currency fluctuations, and investor preferences.
• Diversification: Including both gold and silver in a portfolio can provide diversification, offering protection against different economic scenarios.
• Long-Term Outlook: Both gold and silver have a history of holding their value over time. Investors should consider their investment horizon and risk tolerance when deciding how much of their portfolio to allocate to these precious metals.
• Economic Context: Understanding the specific economic climate, both globally and within the investor's own country, can be crucial for determining which precious metal may be a more suitable investment choice.
The ongoing dance between gold and silver in the context of emerging and mature markets presents a dynamic and ever-evolving investment landscape. By staying informed about economic trends and understanding the drivers behind investor preferences, individuals can make informed decisions about incorporating these precious metals into their portfolios.
GOLD - at today support? hold or not??#GOLD.. as we discussed in our video analysis that 2367 is the supporting area and you can see market just placed around low,
keep closed that area because if market didnot close below that area then bounce expected again from here.
good luck
trade wisely
GOLD-Range trading
Western countries plan to quickly impose new sanctions on Iran to help dissuade Israel from a major escalation. Israel's war cabinet postponed until Wednesday a third meeting to discuss how to respond to Iran's first-ever direct attack, anticipating another expansion of the conflict. There is little data in the United States today. You need to continue to pay attention to the speeches of Federal Reserve officials and pay attention to the Federal Reserve's Beige Book of Economic Conditions.
From a technical point of view, the daily cycle is a strong unilateral, and the K-line closes on the unilateral moving average support. The support points of concern during the day are around 2372, 2363, and 2348, and the upper resistance range is around 2400-2405.
4H is a standard range oscillation. The support is near the Bollinger Band. The support of the 4H Bollinger Band is near 2372. This is the same as 1D. Therefore, you can wait until the support point is reached to buy today.
You can also choose to sell in the resistance range, SL: 2409, and control the position reasonably so that you can ensure your success rate. The market changes quickly, and real-time analysis is more important. If you think my analysis can help you, contact me
Follow my trading strategies to greatly increase your trading success rate, so that you can make profits through trading
Gold hits its peak again, will the market outlook continue to su
When you can study, study with all your heart. When you can work, work with all your heart. Don't think about comfortable things in your youth. Don't choose to be comfortable at an age when you should struggle the most. Remember: in every period of time you live, do what you think is the most meaningful.
On Tuesday, as Powell signaled that the Federal Reserve had no plans to cut interest rates in the short term, the U.S. dollar index continued to strengthen, recording its fifth consecutive positive day. U.S. bond yields extended their gains. The 10-year U.S. Treasury yield once approached the 4.7% mark, hitting another five-month high, and finally closed at 4.661%. The yield on the 2-year U.S. Treasury note, which is most sensitive to the Fed's policy rate, hit the 5% mark again during the session.
Risk aversion limited gold's losses despite Powell's attempts to blunt market expectations for a rate cut. Spot gold approached the 2,400 mark during the session, but then fell back.
After gold hit near 2,400 overnight on Wednesday, it once pulled back to a low near 2,372 in early trading today. As of now, it has risen again to above 2,390.
Judging from the current hourly chart:
It can be seen that gold is currently in a rising flag shape, so there is a high probability that gold will reach the top again and return to above 2400 again.
The current top of the hourly chart is around 2408, and the bottom support is at 2380-85.
Therefore, if nothing unexpected happens today, there is a high probability that it will remain within this range and consolidate.
Therefore, it is best not to look at unilateral trends in current operations. At present, long and short prices fluctuate greatly every day, which can easily be counterproductive.
In terms of current operations, I suggest you wait for 2380-85 to enter the market and go long, and look at the high point of 2405-08.
Or wait for 2405-05 to go short, and continue to look at the 2380-85 support position.
Gold still has room to rise after retreat!
Gold has been fluctuating at high levels recently, and the overall trend is still bullish. The pullback is an opportunity to go long, but don't chase the long position at high levels, and wait patiently for the opportunity to fall back.
At present, gold's upward momentum is intact, with short-term support at 2373, which is also the 5-day moving average. Stronger support is at 2362, which is yesterday's low.
In terms of operation, today it is recommended to continue to do long gold at 2373, 2375, and 2365, with the target of 2400, and to wait until 2420 is raised for short orders before considering.
Thank you for your suggestions for my analysis.
Free Signal XAUUSDI recommend you to buy XAUUSD at these levels as you cn see we have a good set up also have a nice pull back on support level
Gold cashes in on the 2300 line, will it be short next?Gold cashes in on the 2300 line. Friends who follow the signal have already made a lot of money.
Time is of the essence, let’s talk about the results first! Today's 2290 is a very important dividing line between long and short, and it is the key point that determines whether gold can continue to strengthen in the short term and reach new highs! Above this price, bullish. But if it falls below this level, it is very likely that gold will plummet in the short term!
First of all, the daily channel pressure is in the 2300 mark area. Yesterday, the price hit 2304 for the first time and then fell back at a slow pace. It fell as low as 2282 and then rebounded and hit 2300 again but weakened! Then the price began to fluctuate and began to rise to 2304 for the third time and fell rapidly. At this point, the three attempts to reach the 2300 mark during the day were all crushed. Currently, the outline of short-term high shocks has emerged, with the high at 2304 at the top and the low at 2280 at the bottom! High range shock!
However, judging from the one-hour closing price, the key support below the high box is at 2290. In other words, if it falls below this level, the one-hour pattern will peak and turn short! This is the first top form since the bulls started rising at 2157, which is of great significance! What does it mean when a one-hour top pattern appears after a large unilateral rise?
To put it simply;
First, 2300 is the daily level channel pressure.
Second, after the high price box consolidation, it fell below 2290 and the one-hour pattern reached a top and turned short!
Third, after bulls unilaterally rose from 2157 to the current historical high of 2304, a one-hour top signal appeared for the first time! This is the first top signal after the bulls unilaterally rose by $147!
The above conclusion is that the daily level pressure coincides with the one-hour top shape, which can be understood as cyclical resonance! And yesterday's three upward surges have also shown that regional pressure at the 2300 mark exists! Once a technical adjustment is made, it must be a deep adjustment. This is a technical adjustment based on the sharp rise of 147 US dollars. Conservatively speaking, it will fall to 2267 or even 2250! Of course, this excludes the possibility of false bursts!
GOLD - where is today top ? whats next?#GOLD... first of all congratulations to all followers, market very well hold your area 2377 and bounced back as WE DISCUSSED IN OUR VIDEO ANALYSIS,
so now market just above his resistance area and if market hold it then further bounce on table,
keep close it and don't short until market trade below his resistance.
good luck
trade wisely
Yesterday, two long orders made big profits. Today?Yesterday's article prompted two gold long orders. The long orders entered the market all made huge profits, and the final gold price reached 2,400.
The bottom of the golden four-hour line is supported by the big positive line, and the K line is difficult to move downward. The K line strongly reverses the moving average and pulls it upward, and the inclination of the moving average intensifies. The K line stabilizes the moving average throughout the whole process, and the lows are constantly moving upward. From 2323 to 2355 and then to 2375, the slope is obviously upward.
Trading strategy: Gold is long near 2375, stop loss is 2366, target is 2404
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
Gold bulls are making perfect profits again!Dear friends, in addition to being exciting, it is still so good. Today we went long gold at 2370 and 2365, all of which hit TP and made considerable profits!
Today, gold has retreated to the 2365-2360 area many times. When the gold adjustment is over, a new round of upward movement is inevitable. After gold has deeply stepped back to the 2363 position, the candle chart continues to rise along the moving average, all the way up! The current highest level is near 2398. Of course, this is not the end. I think we will definitely meet again at 2400!
For trading, I will still maintain the rhythm of falling back and doing long, and focus on the short-term support area of 2380-2375 below. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
