GOLD BEARISH TREND IS ACTIVE HERE HELLO TRADERS
GOLD had done a beautiful move as we analysis in our previous GOLD IDEA.... it attached in comments friends I can see the Gold is now tested a very strong resistance zone which is horizontal level it's a 3 test and can be a weaker supply zone now, but we take low risk and looking for higher rewards trades this can be a sniper entry because of NFP out coming this week on Friday can be a stronger number but who know .... only the technical based charts can indicate us that next move can be this is crystal clear chart indicating us that bears can hold the Trend till Design levels before a big move to upside on gold in 2024 Market Makers & Banks know how to liquidate and create the bull or bear Traps .... we always analysis with low Risk and higher Rewards this is just a trade idea Share Ur thought with us we appreciate Ur support and love.
STAY TUNED!!!
For more updates
Goldtrend
GOLD - where is next resistance ? holding or not??#GOLD.. what a move it was guys,
market very well hold your supporting areas and bounced and bounced..
congratulations to all.
now market just reached near his upside level 2070 71
its market upside very important level guys.
keep close it because if market hold it then again drop expected from here, otherwise not at all.
2070 71
good luck
trade wisely
Gold breaks out of the shock range, buy if it steps back to 2040Last night, with the support of initial jobless claims, the price of gold took advantage of the trend and broke through the triangle shock range and the previous high pressure level of 2041. The price of gold has found a new space for the bulls! The day-to-day operation idea is very simple, just go back to the key support level of 2041 and buy near it!
Yesterday, our signal was to sell at the high level of the shock range. Considering that many major data will be released soon, we closed the profit in 2030 in advance. Now it seems that this decision is very correct, and the gold price has directly risen to 2050! And in the state of complete victory this week, after making huge profits one after another, I took advantage of the trend and turned to long today, but now I still need to wait for it to fall back a little before buying!
Good luck to everyone
Gold Smashes through the recent highMaking use of a much wider stop loss due to the accelerated volatility
I posted a few minds this morning this exact idea (that gold would buy>
1. (www.tradingview.com)
2. (www.tradingview.com)
3. (www.tradingview.com)
Before someone says that I took the trade without explanation > here is your before and after ;)
It is better to have a wider stop and still be in the trade as opposed to have a ridiculously tight stop and be stopped out every other time
My confluences to take this trade were simple and are as follows:
Question 1 - Was Gold in momentum (bullish or bearish)?
Yes, Gold was in bullish Momentum at the time of me looking at it
Question 2 - Who was interested (at that time)?
Buyers were interested at that time (purple circles)
Question 3 - Where were their stop losses?
Stop losses would have been right below the highlighted levels (red horizontal line )(break out buyers)
Question 4 - Have those stop losses been taken out?
Yes I believe Stop losses would have been taken out already on Gold (Red X)
Question 5 - Did the set up make sense for me to pursue?
Yes I believe it made sense for me to pursue this trade given the information I had
________________________
Many traders seemed to be interested in sells this morning probably due to price being really high in time (I don't really know, nor can I understand why)
Especially when price is so bullish, it's like you're seeing a bull running towards you and you deciding to try to charge directly towards it
That is how I feel about selling in a bull move. My system may seem stupid but you have to admit it works.
That being said, this isn't meant to gloat, it is meant to shine a light on what I think works in the hopes that other traders may realize things they might be doing wrong.
Downvote\Don't boost if you didn't read this entire post and didn't try to understand
OR
Upvote\Boost if you did read this entire post and did try to understand
P.s Being wrong isn't the probably, I am wrong a lot. Being wrong and remaining ignorant is why most traders will stay losing
Have a great day
GOLD... next level for upside further breakout.#GOLD.. market very well hold your area 2056 in first go then break and upside placed your targeted area 2063 around.
well guys now keep close that level because it market upside important area. next further rise will continuew above 2063 .
dont be lazy here, stay sharp.
good luck
trade wisely
GOLD - one n only area is 2056, very expensive. #GOLD.. market in first go very well hold your upside area 2056
its our one n only area in today that can change the overall scenario of chart.
keep close it.. if market hold 2054 then you can see again drop to towards again supporting areas.
upside and downside areas are mentioned on chart.
good luck
trade wisely
GOLD-analyze
Data showed that the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar and making gold cheaper for investors holding other currencies. Fed officials have chosen to downplay recent data showing a rebound in price pressures last month and instead focus on overall progress on inflation. They said overall progress in inflation would likely set the stage for a rate cut later this year. Another report showed that initial jobless claims increased by 13,000 in the week ended February 24, to a seasonally adjusted 215,000. Today’s key data focus: the final value of the Markit Manufacturing PMI in February in the United States, the final value of the University of Michigan Consumer Confidence Index in February, the ISM Manufacturing PMI in the United States in February, and the monthly rate of construction spending in the United States in January.
The important resistance range above is 2052-2055, and the support range is 2032-2038
Today you can still wait for the support range to buy, or the resistance range to sell, and make reasonable arrangements according to the funds, so that you have a high chance of making a profit.
Join me and I will share my opinions every day for your reference
XAUUSD: 1/3 Friday market analysis and strategyGold hit a one-month high of 2050 on Thursday and closed near 2044. U.S. inflation data was in line with expectations and the number of Americans filing for unemployment benefits increased slightly, providing upward momentum for international gold. Traders' attention turned to further comments from Federal Reserve officials for clues about a rate cut.
The latest data were in line with expectations after recent strong inflation data, which showed the U.S. personal consumption expenditures (PEC) price index rose 0.3% in January and the core PCE price index rose 0.4%, putting pressure on the dollar. This makes gold cheaper for investors holding other currencies.
At the same time, U.S. Treasury yields fell, increasing gold's appeal, and the market adjusted expectations for a June interest rate cut. Although gold has traditionally been considered an inflation hedge, higher interest rates to control price increases would discourage investment in gold because it does not pay interest.
Gold technical analysis
Daily resistance is 2053, lower support is 2015
Four-hour resistance 2053, lower support 2038-26
✅Gold operation suggestions:
Gold bulls ended the multi-day oscillation yesterday and finally ushered in its first breakthrough. After the bulls broke through 2040, they directly touched near 2050 and have been oscillating around 2040. From the current point of view, short-term gold price support focuses on the hourly neckline. It is near 2038. The upper pressure is focused on the vicinity of 2053. The short-term bullish strong dividing line has moved to 2038. The daily level has not broken through and stood above 2053. We cannot fully believe that the bulls will return. Let’s first look at the operation in the 2053-2038 range.
Pay attention to the dividing line between long and short in 2038
SELL:near 2053
SELL:near 2038
BUY:near 2038
Technical analysis only provides trading direction!
PMI !! Will Gold price adjust DOWN?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) is holding steady around the $2,045 mark during the Asian session on Friday. It remains within close reach of a nearly one-month high reached the day before. The release of the US Personal Consumption Expenditures (PCE) Price Index on Thursday showed that annual inflation in January was the lowest in three years. This has raised the possibility of a future interest rate cut by the Federal Reserve (Fed). However, this has not helped the US Dollar (USD) to continue its strong recovery from the 200-day Simple Moving Average (SMA). Instead, it has become a key factor supporting the precious metal.
Despite this, a number of influential members of the Federal Open Market Committee (FOMC) have indicated that the central bank is not in a rush to lower interest rates. Additionally, investors believe that the Fed will wait until the June policy meeting before making any changes to borrowing costs. As a result, this supports higher yields on US Treasury bonds and limits the upward movement of gold, which does not generate any yield. Furthermore, the prevailing bullish sentiment in global equity markets is also acting as a deterrent for traders to make new bullish bets on the safe-haven XAU/USD pair.
⭐️ Personal comments NOVA:
Gold price continued to benefit from yesterday's US unemployment data. increase to $2050 Zone. Strong resistance zone, in Uptrend
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2032 - $2034 SL $2028
TP1: $2040
TP2: $2045
TP3: $2051
🔥SELL GOLD zone: $2058 - $2060 SL $2065
TP1: $2052
TP2: $2046
TP3: $2040
⭐️ 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
xau/usd📈 Trade Update: Gold Analysis 📊
Our latest analysis on /usd#xau has proven profitable, securing over +500 pips since February 18. 🌟 Excitingly, another opportunity has presented itself for potential gains.
🔍 Analysis:
Buy Zone: $2044 - $2040
TP1: $2065
TP2: $2082
TP3: $2099
SL: $2013
Stay tuned for real-time updates and let's navigate the markets together! 💰
GOLD - where is next buying area/level.#GOLD... first of all congratulations to all who follow our last idea,
market very well holding our bottom and bounced back.
now upside market have 2056 as next important area, keep close it guys, it will be very tricky,
if market break this area then another buying pressure can leads you towards 2062 n 2070
dont be lazy here.
good luck
trade wisely
GOLD - where is next support? holding or not??#GOLD... well guys market smoothly bounced from your supporting area 2028 in yesterday,
that was our first supporting area in upper band range and you can see how beautifully market hold it and bounced back..
so now market have 2 areas
2041 and 2051
that will play key role in today, keep close these areas and manage your positions accordingly
keep in mind guys that 2041 is single supporting area in today and it will be expensive area..
good luck
trade wisely
Gold is at the high of its shock range, choose Sell in 2037Yesterday, our signal won again. We bought from the price of 2026 and rose to 2038. The profit reached more than 100%. Friends who followed the transaction all made huge profits.
From a technical point of view, the price of gold has reached a critical period. The highs are constantly lowering, the lows are also lowering, and it has recently formed a wedge shape! Gold price is the first to reach the upper pressure near 2036 and sell first! If there is a unilateral breakthrough in the near future, you need to stop losses immediately and follow the trend!
Yesterday I said that the current market is at a high level and is oscillating. It needs to sell high and buy low within the range, and it is now at a high level within the range. So today I will no longer continue to be bullish, but sell at the current price. Specific operation details Customize it yourself.
If you want to get my accurate signal, you can contact me below. Good luck to everyone.
GOLD-Waiting for PCE data to be released
Today, the key market trend on Thursday is in the U.S. market. The U.S. inflation PCE data will be released in the U.S. market, which is expected to have a greater impact on the temporary shock state of gold.
From a structural point of view, 1H presents a standard flag-shaped finishing structure. The focus of observation today is whether this flag pattern breaks through. If it breaks below, it will declare the end of the rebound and fall to 2015. If it breaks above, it will look at 2055.
So what we need today is to wait patiently and trade according to the trend after the data is released.
GOLD-only one area 2034.80 keep close with patience, what' next?#GOLD.. well guys market trade in range from last few decades,
and i split in 2 bands as we discussed in our last vedio,
so guys as you can see market every time beak your upside upper band range but then showed lower volume and dropped every time..
again market break your upside upper band high and showing thin volume,
but keep close it because if volume is low then drop expected, and it will leads you towards your upper band low.
watch with patience and take decision.
good luck
trade wisely
XAUUSD:28/2 Today’s Market Analysis and StrategyAlthough U.S. durable goods orders data in January performed poorly, gains in London gold prices were limited as some short-term bulls took profits. Investors will focus on key inflation data and comments from Federal Reserve officials this week.
The dollar index remained weak, hovering near a three-week low, making gold more attractive to overseas buyers. At least 10 Fed officials will speak this week, and the Fed's preferred PCE data will be released on Thursday.
Concerns about the economic outlook, especially the outlook for the labor market, and worries about the upcoming presidential election became consumers' top concerns in February, causing consumer confidence to fall after rising for three consecutive months. Consumer confidence dropped on Tuesday, but inflation expectations for the next 12 months fell to their lowest level in nearly four years.
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2037-40, lower support 2015
Gold operation suggestions:
Gold is constantly oscillating. Today, the upper resistance is around 2037-41. Relying on this position, continue to go short once. The lower support is around 2020. During the day, rely on this range to sell high and buy low. You can participate multiple times.
SELL:near 2041
SELL:near 2015
BUY:near 2000
#GOLD facing resistance in the shorter time frame!Gold is currently trending within a falling channel, with the upper resistance indicating an upcoming drop towards the 1980 level, in the short term. For a bullish trend to emerge, gold would need to break out of this channel and surpass the upper horizontal resistance.
In my opinion, Gold's price will drop towards the lower support level.
Stay tuned for further updates.
Gold’s retracement is confirmed, you can buy it directly in 2027The price of gold continues to fluctuate at a high level, and the one-hour mid-term trend lows are constantly rising! The price of gold continues to rise around the trend line. Judging from the current market situation, the bulls are not over yet, and 2027 is basically in place, so you can buy it directly in 2027!
Recently, our short-term signals have almost completely won. As far as the current trend is concerned, the gold price has entered a narrow range of fluctuations. During the range, sell high and buy low as much as possible, so as to make more profits from the limited space. However, If the price of gold chooses one direction to break through, that's when we stop!
Specific strategy: buy gold in 2027, target 2045
GDP, the highlight for gold price growth or not ?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold is experiencing modest gains but remains stuck within a narrow range during Tuesday's mid-North American session. This is supported by the decrease in US Treasury bond yields, which in turn weakens the US Dollar Index (DXY) by 0.05%. Currently, XAU/USD is trading at $2,034.88, showing a gain of 0.18%.
Gold is hovering around the 50-day Simple Moving Average (SMA) at $2,033.48 as investors prepare for the release of the latest Personal Consumption Expenditures (PCE) report. This report serves as the Federal Reserve's (Fed) measure of inflation. Along with the most recent Gross Domestic Product (GDP) data, these factors could potentially trigger a breakout in the price of gold from its current trading range of $2,020 to $2,050.
⭐️ Personal comments NOVA:
Gold price is still in an Uptrend, today's GDP news could help Gold reach $2050
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2020 - $2022 SL $2015 maybe scalping $2025-$2027
TP1: $2030
TP2: $2038
TP3: $2050
🔥SELL GOLD zone: $2048 - $2050 SL $2055 maybe scalping $2042-$2044
TP1: $2040
TP2: $2035
TP3: $2030
⭐️ 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
GOLD-Waiting for direction selection
As March approaches, there have been major changes in the bond market recently. Bond traders no longer expect the Federal Reserve to cut interest rates by more than 75 basis points this year, which may be consistent with the results suggested by the Federal Reserve's December dot plot.
Focus on the PCE data this Thursday, which will have an impact on the interest rate decision in late March.
The current market sentiment is extremely unstable. Gold did not fluctuate much on Monday and Tuesday, and it is expected that there will not be big fluctuations today.
If gold cannot break through 2041, it will not be able to open up room for growth. The lower support range is around 2025, and the current small range is 2025-2041.
My suggestion today is still to buy in the support range and sell in the resistance range, but try not to exceed 10% of your position.
Join me as I share my strategies and ideas every day to help you trade
Gold buy 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 (XAU/USD) continues with its struggle to gain any meaningful traction on Wednesday and remains confined in a multi-day-old trading range at around $2,030. Thursday's PCE inflation data from the US could trigger the next big reaction in the pair.
Gold now buy 2030
Target 2035
Target 2040
Target 2050
SL 2020