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Goldtrend

Gold Trading Analysis Strategy What needs special attention this week is that the price of gold will rise in the short term, and various news will also affect the trend of gold prices. In early trading in the Asian market on Monday, spot gold suddenly rose sharply in the short term. The price of gold just exceeded US$2,176 per ounce, rising by more than US$11 during the day. The latest geopolitical tensions have spurred rising risk aversion in the market, which has driven gold prices higher. Therefore, it is particularly important to accurately judge the influence of the message and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. In my trading last week, all predictions were perfectly verified, and the rhythm of rise and fall was also perfectly controlled. Therefore, this also brings better profits to my VIP customers. Therefore, my suggestion is that if the gold price does not touch the $2,180 position line, you can wait and see. If the gold price breaks through $2,180, you can go short at the right trading time. If you also want to get detailed trading signals in your trading And if you get satisfactory profits or encounter some problems during the transaction, you can contact me. I hope that with my help, you can also earn a lot of income!
OANDA:XAUUSDShort
by Gold_Digger_King
Fed's Powell ready to support job marketAs inflation surged in 2022, the Federal Reserve moved to save you a wage-hike spiral with the aid of using jacking up hobby costs. Now, with unemployment edging up, the valuable financial institution is signaling a willingness to reduce costs to go off a activity-slicing spiral – although which means particularly better inflation for a while. For the primary time withinside the cutting-edge financial upswing, Fed Chair Jerome Powell used his establishing assertion at Wednesday`s press convention to claim that a wonder growth in unemployment ought to activate the Fed to decrease costs. He then repeated that message numerous instances in reaction to reporters` questions. While the Fed is ready to make sure its inflation struggle is gained earlier than slicing costs, “an sudden weakening withinside the exertions marketplace can also warrant a coverage reaction,” he stated after its two-day coverage meeting. Powell stated he didn`t see any cracks withinside the activity marketplace now, however a few economists aren't so sanguine. They factor to marked will increase in joblessness in some of states, endured declines in transient staffing and decreased running hours.
CAPITALCOM:GOLD
by MrTrongVo
2
Gold price continues to adjust !! XAU decrease⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is facing difficulties in taking advantage of the rebound it experienced from the support level of the 100-hour Simple Moving Average (SMA) around the $2,166-2,165 range. Instead, it is declining during the Asian session on Friday. Despite the Federal Reserve's (Fed) policy update on Wednesday, investors are shifting their focus away from it as the US Dollar (USD) has shown a strong comeback due to optimism surrounding the growth of the US economy. This, coupled with the higher yields of US Treasury bonds and the prevailing risk-on sentiment, are the main factors causing downward pressure on the safe-haven precious metal. ⭐️ Personal comments NOVA: Gold price after creating a new peak at $2222, decreased immediately then returned to the $2170 area. Currently, economic data is still supporting the dollar Information, FED keeping interest rates unchanged and world political tensions are still the driving force for Gold prices to increase in the near future. The DOWN correction is likely to continue today ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2147 - $2145 SL $2140 TP1: $2155 TP2: $2162 TP3: $2170 🔥SELL GOLD zone: $2193 - $2195 SL $2200 TP1: $2185 TP2: $2170 TP3: $2160 🔥SELL GOLD zone: $2188 - $2186 SL $2191 scalping TP1: $2184 TP2: $2180 TP3: $2170 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
11
GOLD DAILY CHART MID/LONG TERM PROJECTIONHey Everyone, Please see our daily chart idea that we have been tracking for a while now, which is playing out and respecting dynamics perfectly over the last few months. Last update we saw ema5 lock inside the channel and level to level all the way into the channel top completing the channel with a perfect finish respecting the channel top to perfection. We then highlighted that we are now likely to witness either a break above the channel or some resistance and some correctional retracement for a level to level bounce back up to continue to extend the channel range to 2205 and 2237 long term. - This is currently playing out perfectly, as we saw the rejection and play into the retracement area for the correction, inline with the channel half-line support, which we expect some support for a bounce and then continuation onto channel top. Failure to support above and a break and lock below the channel half line will see price look for support at the lower range of the channel bottom before we see the bounce back into the channel half line. We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our algo generated levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top Please don't forget to like, comment and follow to support us, we really appreciate it! MR GOLD XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
2
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.
OANDA:XAUUSD
by CeresTrader
Gold Daily Losing Embedded Status - Retracement Coming!Gold: Daily, Fib & Indicators . . . We hit the high a week ago, corresponding to our objective from the Daily Fib Long in October 23. Now, we are lining up for a daily retracement of that move from October 23 to our highs. We could spend the next2-3 months heading down to the bull fibs, between 1968.76 and 2066.42. The daily chart, even with the Asian breakout to highs, has lost it's slow stochastic "embedded" status, meaning that further weakness, especially a close below 2155, would bring Bollinger Band support at 2131 into play. Losing that level would mean a trip to the lower Bollinger Band, currently within our Fib area at 2017. I will lean towards selling spikes, so long as we don't break into new highs. And, on weakness, I would lean against the 2155, 2130 levels as breaking those would mean a deeper correction.
OANDA:XAUUSDShort
by CeresTrader
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.
TVC:GOLDLong
by samstoobad
1
Gold | Continuing the downward trend or hitting a price ceiling!Gold is in a downtrend with decreasing prices. The important support range we have is 2150 - 2155. Gold has tested this support several times over the past 2 days and the strength of the support is very high and has not been broken. Now we need to see the reaction of this range for the coming week. Considering the formation of a descending triangle pattern by the trend line and this support, we should expect the breakdown of one of these. If this support is to be broken, we expect a strong price decrease in gold to 2132 and below. But if the downtrend line is broken, our first target will be 2195 and then higher at 2148 (hitting a new price ceiling). 📉📈
OANDA:XAUUSD
by ChartSavant
4
Gold Analysis: Potential Bearish Reversal Gold Analysis: Potential Bearish Reversal Signal Detected Amidst Option Activity and Technical Indicators Introduction : Gold prices have been experiencing significant volatility recently, reaching a high of 66,600 INR before retracing to 65,700 INR. Amidst this volatility, various technical indicators and option activity suggest potential shifts in market sentiment. This article aims to provide a comprehensive analysis of recent developments in the gold market, incorporating both fundamental factors and technical analysis to offer insights for traders and investors. Option Activity: A notable observation in the gold market is the call option writing at the 66,000 INR levels, indicating a significant resistance level. Conversely, put option writing has been witnessed at the 64,000 INR levels, suggesting a supportive stance. Option activity often reflects the sentiments of market participants and can provide valuable insights into potential price movements. Technical Analysis: 1. Support and Resistance Levels : - Gold has established a support level at 65,200 INR, indicating a level where buying interest may increase. - On the other hand, resistance levels are seen between 66,000 to 66,500 INR, where selling pressure may intensify. 2. Relative Strength Index (RSI) Divergence: - RSI divergence on the 4-hour timeframe is signaling a bearish reversal. This divergence suggests that while gold prices may have been rising, the momentum behind the uptrend is weakening, potentially indicating an impending reversal to the downside. 3. Daily Timeframe Analysis: - A doji candlestick pattern has appeared on the daily timeframe. A doji represents indecision in the market, with neither buyers nor sellers able to gain control. This pattern often precedes a significant market move, signaling potential uncertainty among traders. Conclusion : The combination of option activity, support and resistance levels, and technical indicators paints a nuanced picture of the current state of the gold market. While option writing at key levels suggests potential price barriers, RSI divergence and the appearance of a doji candlestick pattern indicate a possible reversal in sentiment.
MCX:GOLDMJ2024Short
by pariharshyamu
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
OANDA:XAUUSDShort
by ActuaryJ
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!
OANDA:XAUUSDShort
by Golden-Strategy-Master
Gold has a 10-game winning streak, continue to be short on goldDear friends, gold is currently in a volatile correction. The lowest point of gold has been corrected to around 2162, and compared with the highest point near 2222, it has corrected 60 US dollars. So will gold continue to fall? In fact, according to the current trend pattern of gold, gold is most likely to continue its shock adjustment and not fall all at once. Because during the decline of gold, gold rebounded to around 2186 again after pulling back to around 2162, which has recovered the $20 drop. This will also increase the voice of buying gold on dips in the subsequent market. And this just proves that although gold is currently in a correction trend, gold bulls still have the ability to resist! Therefore, we must be careful in trading, especially in controlling the transaction price, otherwise we will easily lose money in the transaction. As for the trading rhythm, do you tend to be short gold or long gold? As for me, I personally prefer to short gold at high levels. The first is that the US dollar is relatively strong, which limits the room for gold to rise; the second is that gold currently has a need for a correction after a sharp rise, and gold currently faces resistance in the 2175-2180 area in the short term.If gold cannot strongly break through the resistance in this area again, then gold will continue to correct. Therefore, in terms of trading, I personally prefer to short gold based on the resistance in the 2175-2180 area. 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.
OANDA:XAUUSDShort
by Trader_Manuel
Gold's 7-game winning streak rebounds and continues to be shortGold went short at 2185 in early trading, and the article also directly publicly warned of going short. Gold fell rapidly and was directly harvested. In the past two days, we have been saying that gold should not chase the bulls when it rises, but there is a risk of an inverted V peaking. As expected, gold has continued to rise all the way. Down, that's the experience. Gold has peaked, and the rebound continues to be bearish. Gold has an inverted V reversal. After the rebound, it went short directly. It fell sharply again and fell rapidly. Gold now has a rhythm of rising slowly and falling fast. Therefore, gold shorts are better than others. The rebound is to dry short. Opportunities, gold's long and short turning point today is around 2187, the rebound below 2187 is an opportunity to short on the highs, and the rebound around 2182 can continue to be short first. Now that the short-term trend has begun to turn bearish, go with the trend. Technology is only a guide. A complete system requires comprehensive review of historical market trends and judgment of long and short strength. If you persist for a long time, you will have a sense of the market. Stay with me through thick and thin and live up to this great market situation.
FXOPEN:XAUUSDShort
by Leo-trading-star
Gold 2177 current price is shortBe prepared to plummet, continue to watch the 2145 line The k-line must reach the 2145 line. If the k-line rebounds, it means you are short. It is as simple as that. During the European session, gold has not rebounded, and it has only started to rebound in each session. So it is directly short. The gold four-hour line is still in a short position. The big Yin line continues to break through the support level. At the same time, the evening star appears, which is the top signal. It is obvious that the K line is approaching the moving average. The next breakdown is that the MACD energy column is below the zero axis and is gradually moving away. For zero axis, continue to look at 2145 line
FXOPEN:XAUUSDShort
by Leo-trading-star
GOLD BUY CONFIRM SIGNAL 100% Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast Gold price edges lower on Friday amid some follow-through US Dollar buying interest. The Fed’s projected three rate cuts in 2024 will likely cap the USD and limit losses for the metal. Traders look forward to Fed Chair Jerome Powell’s speech for short-term opportunities Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the safe-haven precious metal. Apart from this, a modest uptick in the US Treasury bond yields turns out to be another factor undermining the commodity amid slightly overbought conditions on short-term charts. gold buy 2174 tp1 2178 tp2 2182 tp3 2200 tp4 2210 tp5 2220 sl 2150
OANDA:XAUUSDShort
by Mark804
1
Gold plummeted after a record riseWorld gold prices decreased slightly with spot gold down 5.1 USD to 2,181 USD/ounce. Gold futures last traded at 2,183.9 USD/ounce, down 5.6 USD compared to yesterday morning. Although almost unchanged compared to yesterday morning, the price of the yellow metal has dropped sharply during the day. On March 21 (US time), gold continuously conquered record highs thanks to the dovish speech of the US Federal Reserve (Fed) at the latest policy meeting. The precious metal hit an all-time high of $2,222.39 per ounce as the Fed signaled it would continue to cut interest rates three times in 2024 despite rising inflation. Despite rising inflation, Fed Chairman Jerome Powell still said that the US Central Bank has the ability to reduce interest rates by three-quarters of a percentage point by the end of 2024. However, the Fed's decision will depend on data. The economy is here. The Fed's stance pushed the dollar to its lowest level in a week, while also causing US 10-year Treasury yields to fall. Meanwhile, gold prices continuously increased. Witnessing strong buying force after the meeting, Reuters technical analyst Wang Tao optimistically predicted that spot gold could retest the resistance level at 2,222 USD/ounce. If this threshold is broken, this precious metal can conquer levels in the range of 2,228 - 2,234 USD/ounce.
OANDA:XAUUSDLong
by FalCol_TradingMaster