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Goldtrend

Gold falls below trendline support, ready to sell highAfter three consecutive trading days of sharp rises, the price of gold is currently facing a historical high of nearly 2145. The rise has slowed down. The daily line has closed out of the upper shadow line. The one-hour market has entered a stage of shock adjustment. , it doesn’t matter whether it is an adjustment to continue the upward attack or a reversal. Today, you just need to follow the idea and rebound to 2132 to sell! The current moving average is still a golden cross, but the gold price has already fallen below the trend line support. The strong momentum will weaken in the short term, and a fall is inevitable. However, the current price of 2127 is still in a relatively embarrassing stage, and the top is facing 2134 , 2141 and 2145 pressure levels, the current price is neither chasing long nor going short. We will wait until it rebounds to the first pressure level near 2134 before considering selling!
OANDA:XAUUSDShort
by Golden-Strategy-Master
Gold trading opportunities in the US market on March 4 After the U.S. market opens. The US dollar began to fluctuate upward. There is support below for slowing inflation. In addition, there is no major news today, so there is not much change in the market trend. On the other hand, gold remains high. Driven by last week's non-farm payrolls data and geopolitics. Gold has also gone out of an independent market and has been rising sharply. Today, the overall price remains within the range of a minimum of 2079 to a maximum of 2088. There are also some trading opportunities. At present, the overall bullish trend in the market is still more obvious. If short-term geopolitics breaks out, there is a high probability that gold will hit the 2100 or even the previous high of 2146. My opinion is to buy at low prices. The current support below is at 2079. If it falls below the previous support. At that time, the support position can be lowered to the 2077-2073 line. Then continue to focus on buying. VELOCITY:GOLD MCX:GOLD1! CAPITALCOM:GOLD TVC:GOLD ACTIVTRADES:GOLD NCDEX:GOLD PANCAKESWAP:GOLDUSDT_6E8688 Transaction prices mentioned in the article. Use the price of gold in TradingView as a reference. The above are my personal trading ideas. Hope it helps some traders who don't know how to trade.
TVC:GOLDLong
by T0_messenger
GOLD - where is today supporting area? hold or not?#GOLD.. well guys as we discussed in yesterday that 2123 is much important area and you can see how beautifully market hold your area and bounced again n again. in today we have again 2123 as today most important and immediate supporting level. keep close it and don't hold your buying positions below that area. if market didnot hold it then downside we have 2118 and 2114 on table. upside areas mentioned on chart. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
Strategy to sell today, predict a decrease then increase againWorld gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak economic reports. TD Securities commodity strategist Bart Melek said that the main factor pushing gold higher this week is the expectation of the first interest rate cut. The market is increasingly confident that the Fed will soon make a easing decision. This expert predicts that, with such confidence, the world gold price could be pushed to 2,300 USD/ounce in the second quarter of this year. Besides, safe haven demand due to concerns related to the conflict in the Middle East also strongly supported the yellow metal. Gold, often used as a safe store of value during times of political and financial instability, has increased by more than $300 since the start of the Israel-Hamas conflict. This expert added that it would not be surprising if gold prices increased when the Fed discussed loosening monetary policy. However, this precious metal will surge even further when the first interest rate cuts are carried out. Currently, the market is eagerly waiting to see what Fed Chairman Jerome Powell will say at his testimony before Congress this week to know more about the US interest rate roadmap. In addition, the February employment report scheduled to be released on Friday is also information that attracts investors' attention because this data can change market sentiment and push gold to a closer range. This. According to the CME FedWatch tool, traders now see a 70% chance that the Fed will begin cutting interest rates in June.
OANDA:XAUUSDShort
by FalCol_TradingMaster
$2150, sudden increase from Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the early European session on Tuesday, the price of gold (XAU/USD) is observed to be fluctuating within a range. It is currently consolidating its recent significant gains, reaching a three-month high around the $2,120 mark touched the previous day. Traders are displaying hesitancy and prefer to wait for further indications regarding the Federal Reserve's (Fed) potential rate cuts before making any new directional bets. As a result, all eyes will be on Fed Chair Jerome Powell's two-day congressional testimony, set to commence on Wednesday. In addition to this, investors will be faced with the release of crucial US macroeconomic data at the start of the new month. This includes the highly influential monthly employment data, or the Nonfarm Payrolls (NFP) report, scheduled for Friday. Consequently, this data will have a significant impact on the demand for the US Dollar (USD) and subsequently provide fresh momentum for the precious metal. Meanwhile, expectations of rate cuts by the Fed in June are keeping USD bulls on the defensive and offering support to gold, which does not yield interest. ⭐️ Personal comments NOVA: Outstanding growth from Gold, Nearest resistance zone $2150 Gold soon reached ⭐️ SET UP GOLD PRICE: 🔥SELL GOLD zone: $2148 - $2150 SL $2155 TP1: $2140 TP2: $2130 TP3: $2120 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
GOLD MORE BULLISH AFTER THIS NFP !!HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical analysis we do trade with proper R:R its just an trade idea share your thoughts with us and Stay Tuned! for more updates
TVC:GOLDLong
by APEX_TRADING_ACADMEY
3
XAUUSD:5/3 Today’s Analysis and StrategyOn Tuesday, gold maintained a strong trend after soaring by more than $30 yesterday, with gold prices currently sitting around 2120. International gold continued to rise, near three-month highs, on expectations of a rate cut by the Federal Reserve. With the market betting that the first U.S. interest rate cut since early 2020 is imminent, traders have piled into gold, which is within striking distance of a record high. Intraday gold prices exceeded 2020 and were close to the all-time high of 2144 set in early December last year. At the same time, central banks of various countries are actively increasing gold reserves. IMF data shows that India increased its gold holdings by 7.812 tons in January 2024 to 811.417 tons. Gold prices suffer when the U.S. adopts higher interest rates to curb inflation, boosting returns on competing assets like bonds and boosting the dollar, making the precious metal more expensive to buy with foreign currencies. Gold technical analysis Daily resistance is 2150, support below is 2100 Four-hour resistance is 2150, support below is 2100-2080 Gold operation suggestions: Judging from the daily analysis, today's lower support is focused on around 2100-2080, and the upper target is still focused on breaking high. The short-term bullish strong dividing line has moved to 2100. Gold is currently expected to have a high probability of breaking through a new historical high. BUY:near 2100 BUY:near 2080
OANDA:XAUUSDLong
by ActuaryJ
A period of excitement and optimism for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) increased to a level not seen in nine weeks, just below the $2,100 threshold, early on Monday during Asian trading hours. Speculation about potential interest rate cuts later this year was fueled by discouraging economic data from the United States on Friday. Additionally, the decline in US Treasury yields gave further momentum to the upward trend in investor demand for gold. As of now, the price of gold stands at $2,085.55, showing no change throughout the day. According to data released by the Institute for Supply Management (ISM) on Friday, the US Manufacturing PMI fell to 47.8 in February from 49.1 in the previous reading. This marks the 16th consecutive month that the index has remained below 50, which indicates a contraction in the manufacturing sector. ⭐️ Personal comments NOVA: In an optimistic period for Gold, Gold prices need a downward adjustment if they want to surpass the 2100 mark in the first quarter of 2024. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2064 - $2066 SL $2060 TP1: $2070 TP2: $2076 TP3: $2082 🔥SELL GOLD zone: $2093 - $2095 SL $2100 TP1: $2088 TP2: $2080 TP3: $2070 ⭐️ 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
3
Gold continues to increase, which entry to enter the order?World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy. Last week, gold prices rose about $50 as reports showed tepid construction and manufacturing spending in the US as well as downward price pressure. The next important economic information awaited by the market is the February jobs report to be released on Friday. This data is expected to impact expectations of interest rate cuts in the US. According to the CME Fed Watch tool, markets are pricing in a 67% chance that the Fed will cut interest rates in June.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD primed to move higher!Gold has tried four times to push through the top of the channel. At the same time, the dollar has broken down and is likely to test the bottom of its channel. The dollar fall should give gold, the strength that needs to test the top of its channel again, and if it closes on the daily above the channel, then look for a big move higher. It will then retest the top of the channel for support, and if that holds it will move higher. TVC:DXY COMEX:GC1!
OANDA:XAUUSDLong
by tradepsych
Xauusd confirm buy Gold price stands tall near two-month top, eyes $2,100 amid rising June Fed rate cut bets Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Gold Price: Current Pricing, Prices Chart & Rate Graph 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 now buy 2083 Target 2087 Target 2091 Target 2100 Target 2110 SL 2070
OANDA:XAUUSDShort
by JohnHarry_7
Gold Continues to Destroy SellersSheep vs Wolves Sheep Believe that selling at the highest possible point will be the best potential bet Wolves wait for sheep to slip so that they can eat the sheep The problem with the sheep mentality is, what are you basing the "highest point" on How do you know that this is the highest point? Who told you that it was? What made you believe it is the highest point? It's interesting > in the everlasting pursuit for the best potential sell at the highest possible point you may have lost 3+ trades simply trying to chase the rainbow to find the pot of Gold (pun intended lol) How many sellers winning currently? If any at all? I keep saying, it isn't that it is not going to sell > the question is, does it make sense for it to sell here? No it doesn't Because in a world where everyone goes left, you job should be to figure out why? and you'd probably be better off with going right instead Godspeed to all sellers at this point, the good news is I do see gold kind of slowing down, maybe you might get your chance, but I doubt it :\ And even if you do, was losing so many trades before you actually get your winner worth it? Food for thought I will be analyzing this trade in even greater detail in my newsletter (link in bio) Subscribe to that for free for more information or feel free to reach out to me for more information Downvote\don't boost if you didn't read and didn't try to understand OR Upvote\boost if you did read and did try to understand My trade is currently up 1:3+ and counting, and my stop loss is in profit at (2078) > Just under 1:2 (1:1.97exactly) Secured Who you gonna believe sellers who guessing where the top is? Or????
OANDA:XAUUSDLong
by Brandon_evo4
Gold is bound to pull back after its sharp rise, 2085SellIt rose violently last Friday. I personally believe that gold prices do not have the conditions to move unilaterally in the near future, and shocks are inevitable! From a technical point of view, after the gold price surges, there is a need to fall back and adjust! So I sold it at 2085! The price of gold has now reached the key high near the 2100 mark again. The daily line is currently blocked by the previous high of 2088. If it were not for stimulating events, it would be difficult to continue to remain strong in the near future! It was expected to fall first. Plan your transaction, trade your plan, and the transaction will become very easy. The current trend is clear and the points are clear, so don’t hesitate and sell directly!
OANDA:XAUUSDShort
by Golden-Strategy-Master
XAUUSD Weekly TF Elliot Wave analysis and potential setup Hello fellow traders, I'd like to share an Elliott wave analysis I've conducted on the weekly timeframe, focusing on a potential trading opportunity with a target of 2190. Currently, we find ourselves at the completion of Wave 4, which is projected to be within the range of 1986-1980. Let's break down the analysis further: Wave 1: We observed a bullish move from 1810 to 2009, indicating the initial upward momentum. Wave 2: Following Wave 1, there was a corrective wave down to 1931, suggesting a temporary retracement in the trend. Wave 3: The bullish trend resumed with Wave 3, pushing the price from 1931 to 2148, demonstrating strong upward momentum. Wave 4: Presently, we are in the completion phase of Wave 4, anticipated to be within the range of 1986-1980. It's crucial to exercise patience and wait for the setup to fully materialize before considering entry points. Wave 5: Looking ahead, once Wave 4 concludes, we anticipate a continuation of the bullish trend with Wave 5, projected to move from 1986-1980 to our target level of 2190. Additionally, I've calculated the target using the Fibonacci retracement tool, specifically incorporating the levels of Wave 1 and Wave 3, which aligns with the 61.8% Fibonacci retracement level. As always, it's essential to combine technical analysis with risk management strategies to navigate the forex market successfully. Keep a close eye on price action and market developments to validate the forecasted Elliott wave pattern. Happy trading!
OANDA:XAUUSDLong
by Crypto_Enthusiast_