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Goldtrend

Gold Long: Riding the Mighty Bull Flaggold long, the mighty flag says it all This trading opportunity presents a compelling case for a long position on gold, as indicated by the formation of a powerful bull flag pattern. The flagpole, characterized by a strong upward price movement, is followed by a period of consolidation, forming a flag pattern. This consolidation signals a temporary pause in the bullish momentum, providing an attractive entry point for traders looking to capitalize on the imminent continuation of the uptrend. Technical analysis reveals several confirming indicators supporting the bullish bias. The flag pattern itself is a manifestation of market participants absorbing gains before propelling the price higher. Additionally, key moving averages, such as the 50-day and 200-day, are aligning favorably, suggesting increasing bullish momentum over both short and long-term timeframes.
OANDA:XAUUSDLong
by Thabokrad17
GOLD-Trading advice for next weekThe number of non-farm payrolls in the United States increased by 303,000 in March, far exceeding expectations. The number of new jobs in the United States in January and February was revised upward by 22,000. Although the overall number is bullish for the US dollar and negative for gold, it has not actually changed the strength of gold's rise. . The current market performance is more of a risk aversion to the impact of the geopolitical situation. The recent focus on Iran's retaliation for the air strikes may be another major factor causing the rise of gold. This trend has no technical direction. Next, we can only follow the trading rhythm of Thursday and Friday. In principle, if it cannot rise, we will do short-term selling, and if it cannot fall, we will buy at the support point. Most people in the market now want to know where is the high point of this gold rise and when will it fall? It is meaningless to discuss when to fall. Even if gold rises another 100-200, it may still exist. Therefore, in this period of trading, follow the trend and wait for support points to buy. Before there is a clear top, do not blindly speculate on the room for decline. Of course, I have always emphasized that there will definitely be room for adjustment when gold rises, and it may plummet at any time, so I still emphasize the use of small lots and not long-term trading. First, the non-agricultural data in March was negative, and the gold price continued to rise after a slight decline. , the short position in the market may gradually be reflected next week as the US dollar rises. Second, the daily cycle and the weekly cycle have now formed a large-level top divergence state, and there is also the possibility of downward adjustment at any time. Based on these two points There may be changes, so don't blindly buy gold next week, wait for support to buy reasonably, and there will be CPI data released next week, and then we will observe the extent of the market impact. Follow my trading ideas and your success rate will be greatly increased
FX:XAUUSD
by UnknownUnicorn68604160
Gold still hasn’t peaked, what about next week?Last week, gold continued to rise on Monday, Tuesday, and Wednesday, constantly setting new highs, soaring by dozens of points every day. Only on Thursday did gold press the pause button, and the market was counting on Friday's non-agricultural data to repair gold's upside. . Things are not going as expected. Although non-agricultural data and unemployment benefits data are negative for gold, gold has also fallen a bit, and there is room for $16 overall. However, in the face of the bull trend, a drop of more than a dozen points cannot change the absolute strength. Don't blindly guess the top before there is a clear top. The lower support is at 2280 and 2245. The early double top 2305 is also an important support. Pay attention to the gains and losses of these three points next week. If it falls back downwards, wait until it falls below 2280 before looking at the larger adjustment space. Otherwise, do not watch the deep decline. Gold has been making profits this week, and gold's non-agricultural data on Friday disrupted the profit rhythm. Trading is like this, and it is impossible to be 100% profitable. Next week’s trading is about to begin, are you ready?
TVC:GOLD
by Donald-king
XAUUSD:Head and shoulders, short At present, the market has reached the resistance level again. From the indicator point of view, there is still room for growth. For the time being, we will observe the 2277-2289 range. The support will first be around 2263, followed by 2256-2252. If it falls below, consider around 2232. At that time, the pattern may be head and shoulders, which also means a sharp decline. For the rest of the week, the focus will be on Thursday’s NFP data. Once it is beneficial to the short side, it will fall below 2200.
FOREXCOM:XAUUSDShort
by Allen_Ex
1
Net profit this week is $35K, profit target next week is $50-60kDear friends, overall this week's trading situation is not very good, but it is not terrible either. Because my expectations for NFP were too high, I failed in the transaction, resulting in a significant reduction in our profits this week, with a net profit of $35K this week. No matter what, we can only bring our experience and lessons to strive for better results in the next week's trading! At present, gold still maintains a strong upward trend and maintains a bullish tone. After the 2300 position stabilized, there were no technical reference indicators above, and there were no technical bottlenecks. Therefore, it is difficult to say that gold has peaked until the top identification line comes out. Technically, we can only assume that 2350 and 2400 are currently important resistance areas, and the retracement support below is in the 2305-2300 area. From the current point of view, because the market's bullish sentiment and follow-up sentiment are high, they have combined to support the sharp rise of gold. Therefore, technically speaking, gold is technically overbought, and it seems that gold may need a certain degree of correction to repair the divergence indicator. However, according to the current strong trend of gold, gold is unlikely to fall sharply, so gold is most likely to digest it in a high-level shock manner. Therefore, for short-term trading, both long and short sides have profit opportunities. As for the main trading rhythm, the bullish trend is mainly continued and long on dips. The specific operations still need to be adjusted according to market fluctuations. Regarding the overall trend of gold, I expect gold to follow the C pattern model. 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.
OANDA:XAUUSDLong
by MagicTrader_Manuel
GOLD - Only long positions ✅Hello traders! ‼️ This is my perspective on GOLD. Technical analysis: Here we are in a strong bullish market structure from daily timeframe perspective, so I look only for longs. My point of interest is if price makes a retracement and fills the imbalance then look for a rejection from support zone around 2200. Fundamental news: Next week on Wednesday we have monthly and yearly CPI on USD and on Thursday monthly PPI, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
OANDA:XAUUSDLong
by Snick3rSD
Extension Bull Fibs on Gold show 2250 Target In ReachGold: 60 Minute, Fibonacci . . . I have much better bearing as to where and why this market is moving. All Month of March we have been trading an extension at the 38.2% line. We hit it's target on March 20th. Extension rules generally mean we trade the same anchor to new highs to get the retracement. We traded the retracement on March 23-24 and have been going up ever since. The objective for this new anchor is still higher, 2254.30.
OANDA:XAUUSDLong
by CeresTrader
Gold has reached new highs every day this week, and we will adju Gold's non-farm payrolls were negative yesterday. Non-farm payrolls were expected to be 200,000 and reported 303,000, which was also higher than the previous value of 27.5. Logically speaking, this was a big negative. This market also stunned everyone. Gold did not fall but rose all the way, reaching a new record high. , gold will fall back and adjust to continue to go long next week. Gold has been very clearly affected by the current situation. Even if the non-agricultural market was negative last night, it only fell slightly! After a short adjustment, it rose to a record high again! The current weekly closing line is almost at its highest point. Expected to open higher next week and continue rising. In the short-term layout, as long as there is a callback, you can boldly go long! The market is like this, ups and downs, ever-changing, and it is precisely because of this that it is full of charm. If the market remains unchanged, it will no longer be a market and will become boring. No one in this market can be 100% accurate. The important thing is not to be too biased. On the premise of taking good protection, just do it when you see the opportunity. The market is the only criterion for testing strength. Continue to summarize well over the weekend and fight again next week. specific strategies Gold will break through 2310 next Monday, with a stop loss of 2300 and a target of 2350 Thank you all for your likes, I will continue to work hard
OANDA:XAUUSDLong
by autumnbeauty
6
GOLD XAUUSD Bearish Heist PlanHi Gold Miners, This is our NFP Trade master plan to Heist Bearish side of GOLD MINES. my dear Looters U can enter at the any point below my red zone level stealing area, Our target is Green Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
CAPITALCOM:GOLDShort
by Thief_Trader
Are you disappointed with NFP? But I think gold will fall againDear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market was not as good as expected. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2294. To be honest, this data makes me a little disappointed. But will gold continue to fall? I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent. Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high near 2305, and the bearish structure on the hourly chart still needs to be digested on the technical level. The current news and technical resonance are negative for gold, so even if there is a partial rebound in gold, I always believe that gold will continue to fall. At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits! 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.
OANDA:XAUUSDShort
by MagicTrader_Manuel
2
GOLD-Impact of non-agricultural data In the week ending March 30, the number of Americans filing initial claims for unemployment benefits increased by 9,000, reaching a seasonally adjusted 221,000, the highest level since late January. Economists surveyed expected 214,000. The number of applicants has hovered between 210,000 and 212,000 for most of March. Although the number of layoffs increased to a 14-month high in March, the number of layoffs has changed little compared with the same period last year. The survey shows that non-farm employment is expected to increase by 200,000 in March, which is good for the US dollar and not good for gold. Gold did not break through a new high yesterday. For the time being, we can see that the resistance of gold is around 2305. Based on this, gold may peak during high fluctuations. If today's non-agricultural data stimulates another drop, the market may continue to fall in April. The uncertainty is very high. All these changes and changes need to be judged after the non-agricultural data. Today’s market is divided into two steps. The first step is to look at the performance of the Asian and European markets before the non-agricultural data. The second part is to look at the performance after the non-agricultural data. Today you can sell near 2305, SL: 2310, aggressive traders can sell near 2295, control the position reasonably, and use small lots Join me, I will analyze and share my strategies every day, I hope it will be helpful to everyone
FX:XAUUSD
by UnknownUnicorn68604160
Has gold peaked? Look below 2250Gold has peaked, prepare to fall Gold's rise was weak, and it once reached around 2300, but it clearly felt that it could not rise, that is, there was no strength, and the big negative line went straight down, forming a bearish engulfing pattern. The continuous big negative line engulfed Yangdian's real body, and it also closed the upper shadow line, and the moving average showed a clear downward bend. The negative line real body broke through the moving average again, and the K line is getting closer and closer to the rhythm of the moving average. Be prepared to fall, and there is support below. around 2250
TVC:GOLDShort
by Donald-king
XAUUSD:NFP trading strategy Regarding yesterday's data, my view is to go short, with the target near 2269, and we finally succeeded in making a profit. After the market fell sharply, there was a small rebound. When it was near 2270, I also reminded everyone that there will be a rebound, and the resistance level is 2279-2286. As I expected, it was blocked near 2279. Now I continue to observe the resistance, and the trading idea is to maintain high short selling. Now the technical indicators show that the rebound is not over yet, so there should be a chance to touch around 2286. In this range, if you want to go long, you can do a small amount and close it in time when there is profit. I am still bearish on the general direction. At the same time, there is NFP data today, which has a great impact on gold. I think the probability of eventual decline today is greater than that of rise, so regarding data trading, my thinking is mainly short selling. Because the impact of data is relatively large, market fluctuations will also be correspondingly large. If your account does not have much funds, try not to gamble before the data is released. If you do, you should also pay attention to risk control, trade in small quantities, and set SL. Otherwise, once the market finally does not match our expectations, your account may not be able to withstand it and will be directly blown. This is not what I want to see, and I believe you must not want to see this happen. If the data is in line with expectations, then there is a high probability that it will fall to around 2233 today. This space is still relatively large, and the profits it can bring us will also be very good. If you can grasp it, try to grasp it. If the actual situation does not allow it, do not force the transaction. Everything is based on account safety. There are many trading opportunities later. At all times, please put risk management first. Our profits must be based on the fact that the account will not be blown away. good luck!
FOREXCOM:XAUUSDShort
by Allen_Ex
Trading strategy before Nonfarm news on April 5World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning. World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will conduct further easing. loose monetary policy this year. According to TD Securities commodity strategist Bart Melek, market expectations increased after the Fed Chairman's recent speech. Accordingly, Mr. Jerome Powell agreed that lower policy rates would be appropriate “at some point this year.” He and other Fed officials also emphasized that more economic data is needed before making a decision to loosen monetary policy, a move that financial markets expect will take place in September. 6. According to market analyst Carlo Alberto De Casa of Kinesis Money, strong demand from Asian markets, especially from China and solid demand from central banks, geopolitical risks and expectations surrounding interest rate cuts by central banks are factors that have fueled the rise of gold in recent times. Strong central bank buying and solid safe-haven capital flows amid growing geopolitical tensions have boosted demand for gold, up more than 25% since October.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Federal Reserve officials hotly discuss the prospect of interest Gold has encountered non-agricultural data again. Will the market change today? Gold has been rising recently, and the bulls have been overcoming obstacles all the way. It is unstoppable and has exceeded 2300. Can gold go higher? Can the non-agricultural sector see a change? Gold rose again yesterday and fell back. It failed to stand above 2300 twice. Short-term 2300 has formed resistance. Gold fell directly and rapidly in early trading. The strength of the bulls has weakened and is no longer as strong as before. Gold does not rule out the possibility of peaking. Gold If it can no longer break above 2300, then gold will have peaked. Gold has reached a double top in the short term. If it rebounds near the neckline of 2283 in early trading today, it can be shorted. Gold bulls have reached a certain stage. If gold peaks, the decline will be considerable. We will wait and see whether the non-agricultural sector will see a change. Short-term operation ideas: Gold is short at 2283, stop loss at 2291, target 2260-2250; If you like my views, please let me know in the comments below
OANDA:XAUUSDShort
by autumnbeauty
1