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!
Goldtrend
GOLD - at today resistance ? Holding or not ?#GOLD... Well guys market perfectly holding your supporting area 2268 that was discussed in our morning video analysis,
Well now we have 2297 as today immediate resistance area ..
Keep close 2297 and downside 2281
That is your range ..
Short will be invalid above 2297 and we will enter again in buying trend..
Good luck
Trade wisely
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.
GOLD.. at supporting area? Holding or not ?#GOLD... market very well trade below our area that was discussed in vedio analysis,
Now market have upside our area 2296 n downside region that's mentioned on chart .
Keep close that supporting region because if market hold it then again buying expected from here.
Stay sharp guys.
Good luck
Trade wisely
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
Gold Potential Setups Gold Potential Setups
Everything is explained on the chart. if we move against the trend, the sell trade, i would recommend to risk 0.5%. if we look for the buy trade (moving with the trend) then you can risk 0.7% - 1%. Keep in mind that tomorrow we have NFP
price might come to liquidate the last HL and then move to the upside (If Any)
This is only an idea and you trade on your own risk!
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Gold cashed 2300 points as expected, who else said that?We have previously predicted that gold will definitely reach 2300 points this week. We have been long all the way, long at 2249, long at 2250, long at 2256, long at 2272. All K-lines have taken profits at 2300 points, and they have accurately reached 2300 points. , is there any other person on this platform who is as accurate as this?
The golden four-hour lines are all big positive lines, all going up, without any sign of falling. The big positive lines are all over the roof, going directly to the 100th floor. The continuous big positive lines are real, directly swallowing up the rise, and the bottom shape is more consolidated. The macd energy column has not declined at all, it has stabilized strongly on the zero axis, and it is still gradually increasing, with no ceiling, 2287 historic support
Trading strategy: Gold 2288 long, stop loss 2280, target 2350
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
GOLD.. now at immediate support? holding or not?#GOLD... well guys market very well holding his supporting areas, and now market have immediate supporting area is 2296 around
keep close that area because its your key level in today now,
if market hold it then again further buying on table,
good luck
trade wisely
Continue to conquer new recordsWorld gold prices continued to increase sharply with spot gold increasing by 29.9 USD to 2,281 USD/ounce. Gold futures last traded at $2,302.10 an ounce, up $29.50 from the bright spot.
World yellow metal prices continued to conquer new records on April 2 (US time) thanks to being supplied by safe-haven demand amid increasing tensions in the Middle East. The gold market has sparked the strength of the USD and expectations of cutting US interest rates and continuously conquering new records.
TD Securities commodity strategist Daniel Ghali said that gold received support from safe-haven demand due to concerns related to the Israeli attack on the Iranian Embassy in Damascus, Syria earlier this week.
On that side, experts also believe that strong demand from retail investors and central banks around the world is also a factor that helps prolong the growth of this precious metal. The combination of factors has helped the price of gold increase nearly 10% from the beginning of the year until now.
The dollar jumped after data released earlier this week showed US manufacturing posted growth for the first time in 1.5 years in March. After the report, traders reduced their bets. bet on the possibility that the US Federal Reserve (Fed) will loosen monetary policy in June to 58% from about 60% previously. This would normally put pressure on non-coupon bullion prices. However, the price of this precious metal is still "galloping" and breaking many new highs in just 2 days.
Gold’s trend flips the roof off, reaching 2300Today's target for gold is very clear. We saw it was near 2300, which has now been reached. Our long order is near 2270, which is currently up 30 points.
The rise in gold has lifted the roof. For those who still hold long gold orders, they can take profits. As for the future trend of gold, I personally think that it will attack upward.
But for the trading plan, take profit was chosen. Trading is trading, and there should be a strict plan, otherwise profits will easily take a roller coaster ride.
Next, I will continue to share my personal trading ideas every day. You can follow me. I hope my trading ideas will be helpful to you.
Take profit for gold short orders at 2230, how to trade next?Gold once reached around 2230, but then the big positive line directly pulled up to above 2250. This is an obvious bullish pattern. Even if it falls back, the big positive line can still pull up. This is a super buying trend, and the K line continues to see new historical highs.
The gold four-hour line fell back and exited three negative lines, but one big positive line directly engulfed the negative line and rose, directly pulling up, forming a bullish engulfment. The downward movement of the moving average was once again strongly reversed upward. The bottom once again consolidated the foundation, and the pullback was limited. macd The energy column is also rising strongly and is also above the zero axis. Continue to look above 2270.
GOLD-How much further can gold rise?
Key data for the week will be released starting today. Data released on Monday showed that U.S. manufacturing activity expanded in March for the first time in a year and a half. After the data was released, the probability of an interest rate cut in June dropped to 58% from about 60% previously. However, Fed officials’ speeches on Tuesday and The modest slowdown in employment data has slightly raised expectations for a rate cut by the Federal Reserve in June to around 64%. Today will usher in the US March ADP employment change data and the US March ISM non-manufacturing PMI data, which everyone needs to pay attention to.
Yesterday, gold once again broke through a new high and reached around 2288. It is an absolute upward trend. The technical support points are around 2265 and 2250. You can wait to buy near these two support points. However, the impact of ADP employment data today may also change the strong rise. According to the view, if it falls below 2245, it can also form a high divergence in the H4 cycle, and it is also possible to fall to 2230.
The upper resistance is near 2295. Because gold has risen too much, there will definitely be an adjustment. Use small lots.
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GOLD $XAUUSD - Mar. 25th, 2024GOLD OANDA:XAUUSD - Mar. 25th, 2024
Weekly: Bullish
Daily: Bullish
4H: Bullish
BUY/LONG ZONE (GREEN): $2186.000 - $2280.000
DO NOT TRADE/DNT ZONE (WHITE): $2155.000 - $2186.000
SELL/SHORT ZONE (RED): $2072.000 - $2155.000
OANDA:XAUUSD had strong bullish momentum after breaking out of a previous range and is currently developing a new range at the top of the newly hit all-time highs. Looking to follow price to a further push up as that would be following momentum and trend direction, but there is also the chance of a breakdown into a bearish trend. There is zones shown for each direction as what I would use as safe entry points.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Above 2260, gold will continue its bullish patternDear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the expansion of the situation in the Middle East and the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have made up for the rise, boosting the upward trend of gold.
Judging from the current gold trend pattern, gold breaks through new highs each time, then pulls back to determine support, and then climbs upward again to set a new high. In other words, during the rise, it is accompanied by a correction of sweeping space. However, according to the current trend,gold remains on a strong upward trend.
For current trading, due to the irrational market, technical analysis is lagging behind, and market sense and flexibility have become the most important. At present, for gold, I think there are profit opportunities for long gold or short gold. The key is to grasp the trading rhythm. First, the current short-term support is located in the 2268-2266 area, and secondly, it is located in the 2260-2258 area. Therefore, in short-term trading, we can do long gold in batches around these two areas. The top currently reaches the highest level near 2288, and is facing psychological pressure at the 2300 integer mark. Therefore, in the short term, we can short gold in batches in the 2290-2300 area and make mid- and long-term plans.
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.
GOLD.. where is today support ? holding or not?#GOLD.. well guys market exact move as per our video analysis in morning,
now market have today supporting area at 2268 keep close it because it will play key role in today,
lots of datas on table in today,
and you have only supporting area 2268, stay sharp here,
only invalid if market close below 2268
good luck
trade wisely
Already made 17K profit, continue to seize profit opportunitiesToday’s gold trading situation is as follows:
1.Xauusd: @2256-2258 Sell, SL:2266 Loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit: +8520
In today's gold transaction, although one of them touched SL: 2266, resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold transaction. If you also follow my trading strategy, I believe you must have also made very good profits.
At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become the peak of the stage. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2260-2270 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.
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.. same yesterday supporting area now again, hold or not?#GOLD.. well guys it was funtastic move as per our video analysis,
now market again at his yesterday area that was 2258 even we shared idea about that level in yesterday,
wo again keep close it because if market hold it then upside momentum on table,
dont short gold until market hold 2258,
stay sharp
good luck
trade wisely