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Goldtrend

Comprehensive analysis of gold prices. A must read! In fact, everyone should have noticed that the market this week is too boring. Gold currently continues to fluctuate in the range of 2320-2307. This gives many people who trade gold a headache. So what will be the short-term trend of gold? This is a point of concern for many gold traders. Combined with the picture above, the market is currently in the stage of inverted triangle consolidation. Gold has continued to fluctuate for three consecutive days, mainly because the market is about to face the choice of another sharp rise or sharp decline. The bulls currently lack the emotional support brought by geopolitical influence, but the bears also There is a lack of real pressure to suppress gold prices. Many people should have seen that gold and the US dollar are currently rising and falling at the same time. Then Thursday and Friday may be the turning point for gold this time. The current pressure at the top is around 2321. If this position stabilizes, the target at the top can be modified to the range of 2330-2346, and the integer mark at the bottom is 2300. If it falls below, the space below will be opened and the target can modify the position of 2286-2291. This is the result of a four-hour comprehensive analysis. At present, both bulls and bears need a fuse. To stimulate a sharp rise or fall in the market, traders need to pay attention. MCX:GOLD1! TVC:GOLD COMEX:GC1! OANDA:XAUUSD The current trading is mainly selling around 2320 and buying around 2305. The stop loss range for high selling and low buying is about 3-4 US dollars. The reason for such a stop loss is to prevent the market from rising sharply. Or the decline will bring a devastating blow to the account. The target can be 6-10 US dollars. After the market has chosen a direction. We are rearranging new short, medium and long-term trading opportunities. Of course, this point will come soon. Personally, I prefer to buy at low prices. The above are the opinions shared today. Friends who like it can pay attention. Never miss a good market analysis.
TVC:GOLD
by AA_Jack
Don’t chase long gold too muchGold rose strongly today, reaching its highest level near 2419. It has now fallen back and is trading near 2406. I have been emphasizing since yesterday to close all short positions in the 2380-2375 area and commit to long gold. After going long gold yesterday, we continued to go long gold near the 2382 position today and successfully hit TP: 2390. .Today continues to end in profit in trading. At present, gold has risen strongly to near the 2419 position. The bullish sentiment in the market is high and the market following sentiment is prevalent. Therefore, I do not recommend shorting gold. After all, gold may continue to rise due to the market's pursuit; although the trend of gold is still very strong, but since today is Friday, I don’t recommend going long on gold directly at the moment, because gold immediately fell back after rising high many times, forming multiple upper shadow lines, and faced the resistance of the previous sub-high 2418-2420 area. Therefore, it is not recommended to directly pursue long gold before gold falls back to prevent short-term gold decline caused by profit realization.So if your trading style is prudent, I suggest you wait and see first and don’t rush to participate in the transaction; if you have an aggressive trading style, for now, I don’t recommend chasing long gold directly.On the contrary, you can consider trying to short gold in the 2414-2416 area to gain short-term short profits first, and wait for gold to fall back before going long gold! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDLong
by Trading-Hawkeye
GOLD-uptrend U.S. consumer prices rose less than expected in April, suggesting inflation resumed its downward trend at the start of the second quarter, boosting financial market expectations for a September interest rate cut. At the same time, under the influence of the market, the US dollar fell sharply, providing greater impetus to gold’s rise. Today, we will pay attention to the changes in the number of initial jobless claims in the United States and the performance of real estate market data. Pay attention to the monthly rate of U.S. industrial output in April and the speeches of Federal Reserve officials, and pay attention to news related to the geopolitical situation. The current gold price is a very obvious strong rise. It has just risen sharply during the cycle and gradually broke through the upper high point. If there is no unexpected data and news on Thursday and Friday, the possibility of reversal is unlikely, so now it is rising. Trend, follow the trend, wait for the support point to buy and the probability of profit is higher. You can see that 2378 is the turning point of strength and weakness. You can buy at 2378-2380 and set SL. If it falls below 2375, gold will change the pattern of strong rise and turn into a shock and slow rise. The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase. What if you don't know how to trade? Join me as I analyze and provide ideas every day
FX:XAUUSD
by UnknownUnicorn71050047
Gold fell and broke through, continue to be bearish on gold After gold rebounded and came under pressure at 2350 resistance, it fell directly, and then fell below a new low. Gold broke through and fell, and short-term bulls were weak. The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It has rebounded weakly along the downward trend line. Now the resistance of the downward trend line is just around 2341.
TVC:GOLDShort
by Donald-king
GOLD - in the long term is still bullishThe US April CPI posted on May 15 confirmed an growth of 0.3% final month and an growth of 3.4% over the identical duration final year. The US CPI growth in April changed into decrease than the forecast of monetary professionals collaborating in a Reuters ballot earlier, pronouncing that the CPI extended via way of means of 0.4%. Mr. Jim Wyckoff, senior analyst at Kitco Metals, stated that the gold marketplace is witnessing a few ordinary profit-taking strain after latest gains, whilst a mild growth withinside the USD index additionally contributed to extended strain. that force. However, Fitch Solutions` BMI evaluation unit stated that a weaker USD, falling US authorities bond yields in addition to extended geopolitical tensions supported gold final week. This unit nonetheless expects gold fees to hold above 2,250 USD/ounce withinside the coming months...
TVC:GOLDLong
by TheLeader_WOLF
Gold is forecast to continue to decline deeplyGold prices steadied in Asian trading today after posting strong overnight gains as some mild inflation data dragged the dollar to a one-month low and raised expectations of a rate cut. capacity. The yellow metal has now returned to record highs reached in May, as traders bet more that the US Federal Reserve (FED) will start cutting interest rates as soon as September. The dollar fell sharply on Wednesday on this view, which should benefit overall metal prices. Gold prices are up more than 1% from Wednesday after data showed US consumer price index inflation fell in April from March, while core CPI also fell from the previous month. The figures, followed by weaker-than-expected retail sales data, raised hopes that inflation will ease in the coming months, giving the Fed more confidence in starting to cut interest rates. The CME Fedwatch tool shows traders are pricing in a higher likelihood of a 25 basis point cut in September, at nearly 54%. High interest rates push up the opportunity cost of investing in gold and other precious metals because they do not bring direct profits. The yellow metal could also benefit from increased safe-haven demand if the US economy cools further this year.
TVC:GOLDShort
by FalCol_TradingMaster
Slight fluctuations after a series of increasing daysWorld gold prices turned down with spot gold dropping 9.5 USD to 2,375.5 USD/ounce. Gold futures last traded at $2,380.90 an ounce, down $14 from the bright spot. According to Kitco Metals senior analyst Jim Wyckoff, gold turned around due to normal pressure after recent gains. On that side, the recovery of the US Dollar index also added strength to gold. The dollar rose 0.2% after hitting a multi-month low in the previous session as the latest data showed US consumer prices rose less than expected in April. Meanwhile, New York Fed President John Williams said that the positive news surrounding the cooling off job is not enough for the US Central Bank to make an early decision to slow down. Although gold turned down, most experts are still optimistic about gold in the future, predicting that this precious metal will soon conquer new records in the coming months. MarketGauge's director of trading education and research Michele Schneider said that while it doesn't want to start a cycle of monetary policy easing just yet, it's clear the Fed also doesn't want to push interest rates higher and that conditions will eventually deliver. solid level of support for the precious type
OANDA:XAUUSDShort
by FalCol_TradingMaster
Close all short positions and buy goldI shorted gold at 2385, 2390 and 2395 overnight according to the trading strategy. If you read my last article carefully, I believe you have not missed the short trading plan. Currently, gold has fallen back to around 2383. I have Closed all short positions at 2384 and is considering going long gold. Although gold continued to fall today, it showed strong resilience during the decline. Yesterday I mentioned in the article that before gold hits the 2400 target, there must be a need for a correction, which will be more conducive for gold to hit 2400 or even higher. I originally expected gold to fall back to the 2375-2370 area, but based on the current strength of gold's decline, gold does not even have the ability to fall below the 2380-2375 area support. So in the short term, I think gold has pulled back enough so I closed all my short positions. And I am considering going long gold around the 2380-2375 area support, target: 2402.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDLong
by Trading-Hawkeye
5
Taurus will continue to lead gold higher. tp2216 From the trend point of view, gold is currently in a position of falling back to confirm support, and the overall situation is currently breaking through. The operating space is very large. The U.S. dollar also surged higher but fell back, providing good support for gold prices. A substantial support has been formed at the hourly level, and the four-hour candle chart is still in a bullish trend, which is a good opportunity to buy low. Friends who continue to pay attention will find that continuous buying has made particularly great progress this week. It can also be verified from a historical perspective. If you are a newbie or don’t know how to trade yet. Stay tuned so you don’t miss out on every accurate recommendation for reference. Buy gold at the price of 2206-2207 and hold it until it rises. sl2198 tp2166 Related Products TVC:GOLD MCX:GOLD1! OANDA:XAUUSD
TVC:GOLDLong
by AA_Jack
2
Don't know how to trade gold? Live trading! A must see. Gold can still maintain this range for long purchases to earn the price difference. Rely on the MA below and the geopolitical news below as support. In the ultra-short term, I personally think there will be more room for buying operations and lower risks. 20310-2319buy COMEX:GC1! TVC:GOLD OANDA:XAUUSD MCX:GOLD1! In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:GOLDLong
by AA_Jack