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Goldtrend

GOLD-Wait for the trend to become apparent Today we need to pay attention to the US non-farm payroll data, which will affect the market trend. Gold reached a maximum of 2065 yesterday, and now it has been hovering around 2055. This means that the market has not yet chosen a good direction. What we need now is not aggressive trading, but waiting patiently, waiting for the data to be released, and then trading with the trend. As can be seen from the 4H chart, if the data is not conducive to gold, it may fall again to 2030, or even near 2020 If the data is favorable for gold and it breaks through yesterday's high of 2065, I think gold will test the previous high around 2078-2080 Join me as I share my strategies every day so you know how to trade
TVC:GOLD
by UnknownUnicorn64321080
NFP target On the flip side, the $2,042-2,040 strong horizontal resistance breakpoint now seems to protect the immediate downside ahead of the 50-day Simple Moving Average (SMA), currently pegged near the $2,033-2,032 zone. A convincing break below the latter could drag the Gold price to the $2,012-2,010 area en route to the $2,000 psychological mark. Failure to defend the said support levels might shift the bias in favour of bearish traders and expose the 100-day SMA support near the $1,982 region, before the XAU/USD drops to the very important 200-day SMA, near the $1,965 area. Gold sell 2055 Target 2016
OANDA:XAUUSDShort
by Gold_Analysis1
Buy gold at current price in 2032 and wait for the riseThe Federal Reserve's interest rate decision early last night triggered violent fluctuations in the gold market. The price of gold showed a wide range of fluctuations. The lowest reached the support level of the 2030 trend line and stabilized. The current upward trend remains intact, and the bulls are still in the advantageous stage, so I think You can buy, and the intraday target will continue to be towards last night’s high point of 2053! Technical analysis shows that gold prices are still in a volatile and rising pattern, with lows rising and highs setting new highs! At present, the moving average golden cross continues to run. Under the influence of the double support of the bottom trend line and the moving average, the gold price obviously cannot fall. After a slight adjustment within the day, it will rise again! Specific strategy: Gold 2032Buy, TP1:2048, TP2:2053 Good luck to everyone
OANDA:XAUUSDLong
by Golden-Strategy-Master
Wipeout Possible for NFPLet me explain why I think this -for FOMC on Wednesday I expected a big buy as if the sell wanted to occur it would have (it neither bought or really sold) -the move for FOMC wasn't as aggressive as you would think from a news event (especially the first major one for the year) -(in yellow) this would have been the last high before the current highest high - sellers would have been interested here -(in red) the sellers from the yellow zone would have been taken out and buyers would have become induced on the break out -(in red) not long after that move the buyers would have also been taken out with the bear push after the fact -(blue square) price went into a heavy consolidation the last part of yesterday's trading day and to present (time of me typing this) -(in orange) sellers being induced at the high of that consolidation -(in turquoise) buyers being induced at the low of that consolidation -(in purple) we have NFP in about an hour (from me typing this) I expect due to the consolidation it makes sense to take out traders in both directions before continuing bullish Gold clearly is prioritizing bull momentum, as I would have mentioned if it wanted to sell it would - there were many times gold took out the sellers and made it safe for sells to occur, yet it didn't sell - why? As per usual - I do not trade news events so I will not be attempting to trade it, however I do love trying to analyze it (this is really engaging for me, if that isn't clear by now lol) I can type for hours and hours about what I see My system is actually very simple, at its core it is 3 simple questions I am attempting to answer 1. Who is interested? - Buyers and Sellers 2. Where are their stops? Below and above the areas of induction 3. Have those stops been taken out? No, which means I think a whipsaw is likely Downvote\don't Boost if you didn't read and didn't attempt to understand OR Upvote\Boost if you did read and did attempt to understand If you disagree, you can downvote but please leave a comment as to why you disagree, not doing so doesn't help either of us
OANDA:XAUUSDLong
by Brandon_evo4
1
Gold price is in an increasing trend!! XAU⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is attracting some buying interest for the fourth consecutive day on Thursday and is moving closer to a two-week high around the $2,056 level reached the previous day. The US Dollar (USD) is struggling to take advantage of the rebound after the Federal Open Market Committee (FOMC) meeting, as US Treasury bond yields continue to decline. Additionally, ongoing geopolitical tensions in the Middle East and China's economic challenges are providing support to the safe-haven commodity. However, the Federal Reserve's less dovish stance on interest rates may limit the gains in gold. Investors are now focusing on Thursday's busy economic calendar, which includes the release of flash Eurozone consumer inflation data and the US ISM Manufacturing PMI, for potential market-moving events. Furthermore, the monetary policy decision from the Bank of England (BoE) could introduce volatility into the markets. Factors such as US bond yields, the movement of the US Dollar, and overall risk sentiment will also play a role in creating short-term trading opportunities in the gold market. Following these events, attention will shift towards the highly anticipated US monthly employment report. ⭐️ Personal comments NOVA: Gold prices continue to be in a long-term uptrend, with selling pressure following the result that interest rates will not be reduced in March, but war tensions in the world are still supporting Gold. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2015 - $2017 SL $2008 TP1: $2022 TP2: $2030 TP3: $2040 🔥BUY GOLD zone: $2039 - $2041 SL $2036 Scalping TP1: $2044 TP2: $2048 TP3: $2053 🔥SELL GOLD zone: $2058 - $2060 SL $2065 TP1: $2053 TP2: $2048 TP3: $2040 ⭐️ 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
7
XAUUSD: 1/2 Today’s Market Analysis and StrategyGold technical chart, daily pressure 2040-2053, lower support 2000-1966 Four-hour pressure is 2053, support below is 2033 One-hour pressure is 2053, support below is 2033 Operational suggestions: Judging from the daily trend, today's upper pressure will continue to focus on the 2050-2055 area where the US market opened yesterday, and the lower support will focus on 2029-33. Overall, rely on this range to sell high and buy low. Cyclic participation will continue to see shocks, and the middle position Always look more and move less. Pay attention to the 2053 long and short dividing line SELL:near 2053 SELL:near 2040 SELL:near 2020 BUY:near 2053
OANDA:XAUUSD
by ActuaryJ
Gold continues to rise again, entry buy todayWorld gold prices increased slightly with spot gold increasing by 5.5 USD to 2,036.6 USD/ounce. Gold futures last traded at 2,055.5 USD/ounce, up 6.5 USD compared to yesterday morning. World gold rose to a two-week high on Tuesday as it was supported by dollar weakness and lower Treasury yields while focus turned to the Federal Reserve's policy meeting. US State (Fed) to better understand how this agency will cut interest rates this year. According to RJO Futures senior market strategist Daniel Pavilonis, much of gold's volatility is due to falling yields and the dollar being in the red. However, Pavilonis said that expectations about interest rate decisions also caused gold to increase. The Fed's policy decision will be made on Wednesday. Markets are expecting the US Central Bank to leave interest rates unchanged at the end of the meeting. Pavilonis, the Fed said that, with the desire to have a stable market, the Fed may not conduct many interest rate cuts and Mr. Powell will also maintain a neutral attitude. Data last week showed U.S. prices grew moderately in December, keeping annual inflation below 3% for the third straight month and potentially allowing the Fed to start cutting interest rates. According to senior analyst Ricardo Evangelista at ActivTrades, the Fed's monetary policy stance is currently the most important driver of gold prices. He said that even the safe-haven appeal of precious metals cannot counter changing market expectations around central bank monetary policy. According to this expert, the market's expectation that the Fed will actively cut interest rates could push gold to $2,200/ounce with an average annual price of up to $2,100/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster