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Goldtrend

Gold god strikes again. Let's take a moment to review this flawless execution AGAIN!!!. We identified the bullish flag pattern prior to reaching all-time highs, offering an ideal entry point. Yesterday's push following the Fed meeting was just what we needed. Currently, gold's all-time high stands at 2220. Today, we witnessed a retracement to the key support level we anticipated yesterday, hitting 2167 as predicted. With a clean break of 2185, our next resistance target is 2200. Gold's journey is far from over; 2220, we'll be seeing you soon.
TVC:GOLDLong
by samstoobad
GOLD-uptrend The Federal Reserve kept interest rates steady on Wednesday, but policymakers signaled they still expect to cut interest rates by 75 basis points by the end of 2024. Three rate cuts are expected this year, according to the latest median economic forecast, but overall they are down from three months ago. Become more hawkish at one time forecast. Powell said it will soon begin to slow down the pace of reducing its balance sheet. Slowing down the balance sheet may allow the Fed to eventually reduce its holdings of government bonds more than previously expected. Currently, traders believe that the probability of a rate cut in June is 75%, while The probability before the Fed interest rate decision is announced is 60%. What needs attention today are: 20:30 US initial jobless claims for the week to March 16, US fourth quarter current account, US March Philadelphia Fed manufacturing index, 21:45 US March S&P Global Manufacturing Index Initial PMI value: US March S&P Global Services PMI initial value, 22:00 US February total existing home sales annualized, US February Conference Board Leading Indicator monthly rate. Yesterday I thought it rose to 2173-2175 again, and there might be room for growth, but I didn't expect it to rise so much, so we need to be in awe of the market. As long as you follow my thoughts, even if you don't keep up with this rise, You shouldn’t lose money either Today's transaction can only follow the trend. It is now a determined upward trend. The support below can be judged based on the unilateral moving average at 2192 and 2180. Buy near the support. Following my strategy will make your trading easier
FX:XAUUSDLong
by UnknownUnicorn68604160
Gold latest technical analysis In early trading in the European market on Thursday (March 21), spot gold continued its intraday gains and is currently trading around US$2,200, rising by more than US$20 during the day. Spot gold is trading at $2,200 an ounce. Looking at the daily chart of gold, gold prices have confirmed the formation of a bullish flag, with the relative strength index (RSI) once again overbought. The Federal Reserve said on Wednesday that it would still cut interest rates three times by 25 basis points each time before the end of this year. Federal Reserve Chairman Jerome Powell said at a subsequent press conference that he believed interest rates may be at a cyclical peak and that it would be appropriate to start cutting interest rates at some point this year. Affected by the dovish stance of the Federal Reserve, the U.S. dollar suffered a sell-off on Wednesday, with spot gold closing at $28.96, or 1.34%, at $2,186.06 per ounce. The price of gold rose further in early trading in Asia on Thursday, reaching a maximum of $2,222.90 per ounce, setting a new all-time high. As shown on the daily chart of gold, gold prices confirmed the formation of a bullish flag after closing above the downtrend line resistance at $2,161 an ounce on Wednesday. If gold buyers regain confidence, the next bullish price target is expected to be a record high of $2,223 an ounce, followed by a psychological level of $2,250 an ounce. If the daily closing price of gold is below the $2,200/ounce mark, the high of $2,189/ounce will be tested. Once gold prices fall below $2,189 per ounce, this will trigger a new downward trend in gold prices and fall towards Monday's low of $2,146 per ounce. My suggestion is to go short at high prices at the right time Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDShort
by Gold_Digger_King
Gold hits record highs, how to trade it? The two big positive lines on the golden four-hour line directly lifted the roof, breaking out of the historic resistance line of 2195, heading north. The K line also started to exert force from below the moving average, and passed all the way. The moving average moved downwards and the pause button was pressed. Now, the current strong trend has been reversed upward. The big positive line is stepping on the moving average to pull up, and the support level continues to move upward. The K line is not capped at the moment, which is inevitable. Trading strategy: Gold can be long near 2180
TVC:GOLDLong
by Donald-king
XAUUSD: 21/3 Today’s Analysis and StrategyGold prices topped $2,200 for the first time in history as the Federal Reserve maintained expectations for three interest rate cuts this year, suggesting they were not concerned about a recent rise in inflation. It once hit a record high of $2,222.65, rising by more than $60 before the Fed's interest rate decision. Gold climbed more than 1% on Wednesday after the Federal Reserve signaled they expected to cut interest rates by 75 basis points by the end of 2024, sending the dollar and Treasury yields lower. Gold investors are finally breathing a sigh of relief as there is some new buying momentum in the precious metals market as the Federal Reserve hints that it will still cut interest rates three times this year. In a highly anticipated move, the Federal Reserve announced it would keep the federal funds rate unchanged at a range of 5.25% to 5.50%. However, the market is more interested in the Fed's forward guidance and interest rate expectations before the end of the year. Although the Fed continues to signal interest rate cuts, it is still reluctant to provide a specific timetable. The monetary policy statement struck a very optimistic tone about the health of the economy. The gold market rose sharply as markets began to solidify expectations for a rate cut in June. golden technical aspect Daily resistance is 2250, support below is 2177-45 Four-hour resistance is 2223-50, support below is 2178-50 Gold operation suggestions: From the daily analysis, the short-term support below focuses on the vicinity of 2178. This position is also the watershed for the recent strong bulls. At the same time, do not chase the bulls at the current high level. Just wait patiently for sideways consolidation before entering the market. SELL:2120-2125 BUY:2178-2183 BUY:2148~2153 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold Thursday trading signals and trend judgment (updated) #XAUUSD The Federal Reserve ignited the market buying sentiment, and gold opened and rose to 2222 today. Gold moved below to 2192-2195-2197 multiple times. The top touched 2210-2212 many times. The current golden range is 2180-2122. This trading range is very wide Except for the current false breakthrough price of 2222. and the untouched support level below 2180. I think it is unlikely that gold will make a major correction. The reasonable trading range should be 2192-2222. Based on the Fib line and EMA line and today's running price as a reference. If gold fluctuates at a high level today, I think the trading range you can try is: BUY2200-2202/ 1995-1997 sl2192 tp2213.5-2220 Because gold is still considered unstable in its current run. Of course, you can still choose not to trade and continue to observe. If you are interested in my analysis, please join me. And give me a like. I update my thoughts almost every day
FX:XAUUSDLong
by WilliamChloe
More Gold Buys, YawnnnnnnOnce there is momentum in a market - you can rest assured I'd be lurking lol When I saw gold return with its bullish momentum after all that consolidation, I was like helllssss naahh. I can't leave that alone Thank god I didn't the trade right now is floating at just about 1:3.25 Gold is currently consolidating again either for it's next big push up or to drop to take out late buyers then then continue its push up Either way I believe it is going to continue up, it isn't a matter of "if" for me but "when" I will as per usual continue to hold it as it does its thing My stop loss is also currently at break even so I'm not worried about what gold does at this moment at all Downvote if you didn't read this entire post and didn't try to understand OR Upvote if you did read this entire post and did try to understand Link in bio btw :) See you guys for the next update
OANDA:XAUUSDLong
by Brandon_evo4
20/3 gold market analysis, waiting for news releaseGold fluctuated within a narrow range on Wednesday and is currently trading around $2,154. Gold prices fell slightly on Tuesday, with spot gold closing down 0.13% at $2,157.40. The intraday low hit $2,147.03, as U.S. single-family housing starts rebounded sharply in February, hitting the highest level in nearly two years, and the dollar strengthened. Markets are focused on signals from the Federal Reserve on its interest rate stance at the end of its two-day policy meeting. Gold prices hit a record high of $2,195 on March 8, but fell nearly 1% last week after higher-than-expected U.S. consumer and producer price inflation in February reduced hopes for an early interest rate cut by the Federal Reserve. Because inflation may remain high and difficult to reduce. While the Fed is widely expected to keep interest rates unchanged on Wednesday, markets are awaiting comments from Fed Chairman Jerome Powell after the meeting to learn the Fed's latest interest rate expectations. Non-yielding metals remained subdued as traders awaited a decision from the Federal Reserve. In addition to issuing a monetary policy statement, policymakers are expected to update their forecasts for the U.S. economy. Growing concerns that the Federal Reserve will lower the federal funds rate (FFR) are making traders nervous. While the Fed is widely expected to keep interest rates steady on Wednesday, markets are awaiting subsequent comments from Fed Chairman Jerome Powell on his latest interest rate outlook. Today's U.S. interest rate decision will break gold's multi-day shock range. Gold technical analysis Daily resistance is 2177, support below is 2124 Four-hour resistance is 2168, support below is 2158-2124 So, don’t be impulsive today, many people’s accounts will be completely burned
OANDA:XAUUSD
by ActuaryJ
Gold Thursday Trading Analysis and Signals The current price of gold is 2186.5. The highest price today touched 2189. I think there will be room for growth in tomorrow’s trading. My recommended trading strategy is: 1/Asia-Europe trading strategy: If the golden line pulls back to the 2178-2181 range BUY2176-2180 Target 2189-2195-2200 If gold first rises to the 2189-2193 range SELL2189-2193 Target 2185-2182 sl 2/US trading strategy Buy recommendation 2168-2173 Sell pending If you don't know how to trade or you lose often. You can follow me, I will give trading analysis every day and update according to trends. Please join me and give me a like. Thanks
FX:XAUUSDLong
by WilliamChloe
2
Gold execution As mentioned earlier this week, gold entered a flag formation in anticipation of today's Fed news, poised for potential upward movement. Today, we observed a bullish surge from 2150 around 12:30, gaining 100 pips before stabilizing in anticipation of further updates. With the flag pattern broken and a strong bullish sentiment, a retracement back to 2176 followed by a retest and subsequent rise to new highs is likely. This reaffirms our belief that the journey with gold is far from over. Hopefully, everyone capitalized on these opportunities and made some gains.
TVC:GOLDShort
by samstoobad
Gold market analysis The price of gold is now $2157 From a gold technical perspective, the relative strength index (RSI) remains bullish and gold prices await confirmation of a bullish flag pattern. Focus on Fed rate decision and Powell press conference The U.S. Federal Open Market Committee (FOMC) will announce its interest rate resolution and summary of economic expectations; Federal Reserve Chairman Powell will hold a monetary policy press conference. Gold market traders are closely watching the Fed's projected dot plot on the future path of interest rates, as well as comments from Fed Chairman Jerome Powell on the prospects for rate cuts. It's the calm before the storm of the Fed's interest rate decision, and gold traders are turning to the sidelines to avoid making any new position bets. Markets are turning cautious as tensions rise ahead of the Fed's decision, eager for new hints on the timing and magnitude of the Fed's first interest rate cut this year. The market's current expectation for the Fed to cut interest rates in June is only about 60%. Although the Fed's December dot plot predicted three rate cuts, it remains to be seen what the Fed's prospects for rate cuts will be. It is also worth noting that comments from Federal Reserve Chairman Jerome Powell at the press conference after the policy meeting will have new implications for the dollar and gold prices. Always pay attention to my signals to make the right choice from them. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
OANDA:XAUUSDLong
by Gold_Digger_King
Gold is about to have a big market, keep shorting goldDear friends, gold is currently oscillating in the 2155-2160 area. The trend of gold is relatively cautious, and the long and short forces are also relatively restrained. This is because the Federal Reserve’s interest rate decision is about to come and Powell holds a monetary policy conference. Therefore, before the news was announced, the market performance was relatively restrained and there was not much fluctuation. This is also the reason why I set the TP relatively small when I participated in the transaction yesterday. In fact, according to the current technical level, gold fell short of expectations during its multiple rebounds. Not only did it fail to stand firm at 2170, it could not even break through 2165. And gold has consumed a lot of bullish potential in this process, and as the technical pressure above gradually moves downwards, gold's performance is getting weaker and weaker, so I personally tend to be bearish on gold. This is why I continued to short gold yesterday. At present, our gold short position still has good profits. You can continue to hold it and wait for gold to hit TP and expand profits. 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
FOMC, Gold prices peak or fall sharply ???⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is still struggling to gain momentum and remains within a limited range, staying above the $2,150 level as we head into the European session on Wednesday. Speculation has been fueled by strong US consumer and producer inflation data released last week, suggesting that the Federal Reserve (Fed) will maintain its stance of keeping interest rates higher for a longer period. As a result, US Treasury bond yields remain elevated, which continues to support the US Dollar (USD) and puts pressure on gold, which does not provide any significant boost due to its lack of yield. ⭐️ Personal comments NOVA: Interest rate information is very important today, a lot of previous information showed that interest rates will continue to stay the same The US economy needs more time to reduce inflation, which is the factor pushing Gold prices to DOWN, facing huge buying pressure from the beginning of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2148 - $2146 SL $2143 scalping TP1: $2155 TP2: $2160 TP3: $2165 🔥BUY GOLD zone: $2135 - $2137 SL $2130 TP1: $2145 TP2: $2160 TP3: $2174 🔥SELL GOLD zone: $2175 - $2177 SL $2183 TP1: $2170 TP2: $2160 TP3: $2150 ⭐️ 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
7