GOLD: Thoughts and AnalysisToday's focus: GOLD
Pattern – Channel Test
Support – 2023 - 2020
Resistance – 2035.80 - 2055.60
Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart.
Gold saw a solid session to end last week but failed to break its price channel. Will we see the channel hold price and possibly send it back to the bottom on the pattern? Or could we see the current short-term bull run contnue to push higher with a break out of the the channel?
The USD could play a role in this picture. Currently, it is fought back from a piercing low, but is that a true sign of demand or just a short-term bleep before sellers start a new push?
Good trading.
Goldtrend
Trading strategy for the new week testing the bottom and reboundWorld gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range between 2,020 USD and 2,030 USD/ounce. Kitco News' latest weekly gold survey results show that Wall Street experts are optimistic about gold in the short term.
Kitco senior analyst Jim Wyckoff also believes that gold prices this week are still stuck in the recent range. According to him, gold will move sideways and in the near term, there will be no fundamental catalyst to inspire speculators to be more active.
As the Fed's main inflation measure, the PCE index released on Thursday will be the most important information expected by the market this week. Along with that, markets will also monitor home sales, consumer confidence reports, US fourth quarter GDP reports, and pending home sales.ư
Bullish Gold Price After $2030 BREAK✍️ NOVA hello everyone, Let's comment on gold price next week from 26/2 - 1/3/2024
🔥 World situation:
The price of gold has once again started to rise this week and is expected to end the week positively. This increase in price is due to the decrease in US Treasury bond yields and the lack of significant news updates. Federal Reserve officials, including New York Fed President John Williams, have made similar remarks, further supporting the upward trend. Currently, the XAU/USD is trading at $2,038, showing a 0.70% increase.
Despite the financial markets favoring riskier assets, gold continues to be supported by the decline in US Treasury yields. The 10-year benchmark note has experienced a decrease of three and a half basis points, reaching 4.248%. Despite recent slightly hawkish comments from Fed officials, investors have responded positively by reducing bets on interest rate cuts and anticipating a decrease of 93 basis points by the end of the year.
🔥 Identify:
Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above this range. Expect the uptrend to continue to touch $2050
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2050
Support : $2030, $2016, $2000
🔥 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 - Short trade opportunity ✅Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price rejected from trendline + resistance zone.
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Gold trading signals and analysis for next Monday
Gold rose to the 2037-2041 area on Friday as I judged. My analysis successfully helped traders who saw the analysis win gold trades on Friday
Gold fell to near 2016 on Friday, then began to rebound, and finally rose to 2041, closing at 2035 in the evening. The whole trend fits my judgment perfectly.
Next Monday I think gold will test the 2028-2032 area and then continue to rise. Test the 2048 high again. If it breaks, the possible trend is 2055/2063. I would first recommend everyone to buy. Trading straregy:
BUY:2028-2032 tp2038-2042-2047 sl 2022
SELL:2044-2048 tp2036-2032-2028 sl 2051.5
If you follow my analysis for a long time, you will find that my analysis has always been very accurate. If you like my analysis, please join. I will update my thoughts in real time.
Gold Update Next Week ❤️Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 2030, followed by a subsequent range of 2020-2010. feel free to express your support through likes and comments. ❤️
Gold Price After BREAKING $2030 Gold Price Analysis for the Week of 26/2 - 1/3/2024
• Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news.
• The XAU/USD is currently trading at $2,038, showing a 0.70% increase.
• Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above it.
• Based on technical analysis, NOVA identifies key resistance at $2050 and support at $2030, $2016, and $2000.
Has the recent rise of global gold reached its peak?📌By examining the trend in the four-hour time frame, gold is approaching the resistance of the ceiling of the descending channel in the range of 2047 dollars, and it seems that the price may decrease to the support of the floor of the descending channel in the range of 1973, provided that the resistance of 2047 is maintained. There are dollars.
In another scenario, gold can rise to the previous ceiling resistance in the range of $2089 by crossing the $2047 resistance.🎯❌
GOLD H1 / Short Trade Opportunity / Target Price 1975 ✅💲Hello Traders!
This is my idea related to GOLD H1. I see that we are in a bearish channel and at the moment, I would like to see a retracement from the resistance level. I will look for a short entry if I will see a confirmation of a bearish market structure. I expect that we will reach the PWL and my target is 1975.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Gold Analysis for upcoming weekAs you can see traders Gold has been in a bullish trend in the past weeks and months, you can see now that it has created a pattern that is called the ascending triangle which signals a Bullish market so now we have to wait for the price to break above the triangle zone then I can look for bullish trades.
( What is your target gold price in FOMC)Hello traders what do you think about Gold)
Technical analysis forecast ✅📈📉📊
Gold price $$$) big bullish candle 1D chart 📉📈 buyers will back market pullback resistance level 2034 2037)
Last level of breakdown pullback short bearish moment US dollar 💵 Short 104.00 support level up trand gold pullback short 2010)📉📈⤵
(What moment bearish level)
📉📈📊⤵⤵
Gold price pullback reset taste resistance level 2034 + 2038 this channel downtrend test
pullback short 2010)📉📈📊⤵
Safe trade 👍🙏 pales like and comment's don't forget next analysis follow me 🙏❤
Gold Scalping Analysis scenario 1 : If the price break the area 1 its great opportunity to take long position after retest the area 1 .
scenario 2 : if the price fail to cross the area 1 up that mean we have great opportunity to short position up to area 1
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Cheers🥂
🏆 XAUUSD 🏆 ✅Two week high❤️MY FOREX TEAM❤️
INFORMATION
Gold price hangs near multi-day low, downside remains limited amid modest USD weakness.
💲BUY GOLD 2009-2013 💲
SL @ 2003
TP 1 @ 2016
TP 2 @ 2025
TP 3 @ 2030
TP 3 @ 2038
💲SELL GOLD 2035-2040 💲
SL @ 2045
TP 1 @ 2034
TP 2 @ 2025
TP 3 @ 2020
Everyone success..👍👍👍
❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
❤️NOTE
Gold price retreats further from a nearly two-week high amid the Fed's hawkish outlook.
The risk-on mood also undermines the XAU/USD, though geopolitical risks limit losses.
A subdued USD price action also warrants caution before placing aggressive bearish bets.
❤️MONEY CAPITAL MANAGEMENT
⚡️ Only Trade With Risk Capital
⚡️ Cut Losses Short, Let Profits Run On
⚡️ Avoid Using Too Much Leverage
⚡️ Avoid Taking Too Much Heat
⚡️ Do Not Give in to Greed
⚡️ Take profit equal to 4-6% of your capital
⚡️ Stop lose equal to 2-3% of your capital
Sideway, weekend accumulation for Gold⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Meanwhile, yields on US Treasury bonds are increasing on the shorter end of the yield curve, indicating that investors are still doubtful about the possibility of the Federal Reserve reducing interest rates during either the March or May meetings. The most recent minutes from the Federal Open Market Committee (FOMC) emphasized that the US central bank is strongly committed to addressing inflation, despite the fact that there are more potential risks to the economy. Policymakers stressed that they would make decisions regarding monetary policy based on data analysis.
The FOMC Minutes revealed that Fed officials are still cautious about cutting rates prematurely. They stated that it would not be appropriate to lower interest rates until they have "greater confidence" that core inflation will consistently reach 2%. While policymakers acknowledged that the risks associated with achieving their mandates are becoming more balanced, they remain highly focused on inflationary risks, despite the downward economic risks.
⭐️ Personal comments NOVA:
At the end of the week, Gold price supports a sideways trend and accumulates for the next week
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2012 - $2010 SL $2005
TP1: $2016
TP2: $2024
TP3: $2030
Pay attention to the sideway resistance and support areas: $2030 and $2020
🔥SELL GOLD zone: $2038 - $2040 SL $2045
TP1: $2034
TP2: $2028
TP3: $2020
⭐️ 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
GOLD-where is today support?? #GOLD... well guys market very well hold 2021.80 2 o 3 times, and in morning market break it placed your immediate support 2017 18 around,
that was your immediate support below 2021.80 as we discussed in our last couple of ideas and also in video,
so guys now market have downside next major important supporting area that is 2015 around.
keep close it guys because next ride will star from 2015
it will be your key level in today,
good luck
trade wisely
XAUUSD:23/2 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2033-37, lower support 2020
Gold operation suggestions:
From a four-hour perspective, we will first focus on the short-term support of 2010 today. If 2010 falls below, it may test 2000, and then continue to focus on the suppression of 2025 above. The daily level is 2037-2040. If the daily long-short boundary does not break through 2037, we will continue to be bearish. , continue to rely on this range to sell high and buy low during the day.
SELL:near 2025
SELL:near 2010
BUY:near 2000
XAUUSD GOLD - At this juncton, Gold...Stay vigilant for shifts in market sentiment and be ready to respond promptly. Keep an eye on the local reference point at 2027, which serves as a sell limit order level currently. This level will help assess the presence and strength of any new buyers entering the market.
GOLD-Pay attention to whether interest rates are cut
The position report of SPDR Gold Trust, the world's largest gold ETF, shows that the institution reduced its holdings by 2.01 tons again yesterday. This is also the twentieth time this year it has reduced its holdings.
Fed Governor Waller said in a speech that Fed policymakers should postpone interest rate cuts for at least a few more months to see whether the recent rise in inflation indicates a stagnation in the price stability process or is simply blocked.
In the near future, the market also needs to pay attention to whether the Federal Reserve can implement the decision to cut interest rates in March.
Yesterday gold broke through 2033, but it did not continue to rise. Every time it broke through, I would trade to follow the trend, but unfortunately, it hit SL yesterday, so I can judge that the resistance here is very strong.
Strategy 1:
Xauusd:sell2026-2029-2033
TP:2020-2016
SL:2036
Strategy 2:
Xauusd:buy2005-2008
TP:2013-2016
I have the above two strategies for your reference. Everyone’s trading methods will be different. As long as you control your positions reasonably, you will definitely be able to make profits in the market.
The area around 2015 is also a relatively important support. You also need to observe the strength of the support here.
Join me, I will share my ideas and strategies every day, so that you can learn how to trade yourself
GOLD's strict trading strategyGold prices will still find support even as risk assets, such as stocks, rise. In addition, Goldman Sachs has forecast that gold prices will continue to rise this week after the FMOC meeting margin is announced.
If the upward momentum of XAU/USD continues today, it will mark six consecutive rising sessions for gold prices. Currently gold is trading around $2,035/ounce with the nearest resistance at $2,035-$2,037. In addition, gold price is still in a price channel extending from $1,982.34 to $2,078.62.
XAUUSD:22/2 Focus on the 2020~2040 rangegold technical aspect
Daily resistance 2037-40, lower support 2000-1966
Four-hour resistance 2033-37, lower support 2020
Gold operation suggestions:
From a four-hour perspective, we will first focus on the short-term support of 2020 today. If it does not break here for four hours, we can go long in the short term, and then continue to focus on the suppression of 2033 above. The daily level is the resistance of 2037-2040. If the NY market reaches it, we can participate in short positions.
SELL:near 2041
SELL:near 2037
SELL:near 2033
BUY:near 2020