How to resolve being trapped in gold position.
Given that no matter what market conditions may be, there will always be friends who find themselves trapped in a position, here are several methods for unlocking these positions:
Long-term unlocking: If an investor has a clear view of the big trend (such as a bullish market), and their position is trapped in a small trend (a dip in the market), they can first stop the loss and close out the position. Then, they can enter the market again at a lower price to earn the price difference and obtain the profit from the big trend while reducing the risk of being liquidated by the small trend.
Short-term unlocking: If the investor's judgment of the market is completely wrong, they should close out the position promptly to avoid suffering greater losses from the continuing one-sided trend. The longer a short-term investor holds a position in a one-sided market, the greater the loss.
Light position unlocking (also suitable for large fund investors): It means adding more long positions as the market falls, using idle funds to lower the average cost, and waiting for the price to rebound. The advantage is that as long as the operation is correct, unlocking is possible as soon as there is a rebound, regardless of how deeply the position is trapped.
Swing unlocking: This method is suitable for being trapped in various market stages, especially in volatile markets. It relies on the fluctuation of stock prices to unlock the position by using the price difference between high and low prices. The idea is to buy low and sell high, gradually reduce the cost, and minimize losses. The advantage is that the operation techniques are diverse and flexible, and can be adapted to different situations. If operated correctly, the unlocking speed is fast. The disadvantage is that it requires a high demand for personal time, energy, and skills, and frequent operations have a certain cost pressure. It requires professional guidance from those who have time, energy, and technical knowledge.
Tips for trading gold:
1.Entry point: The entry point is crucial. Although gold and crude oil trading involve two modes, long and short, there are actually four modes: low long, low short, high long, and high short. In a one-sided trend, all four modes are feasible. However, in a volatile market, it is essential to avoid low short and high long positions. These positions are akin to chasing rising and falling markets, which often leads to losses.
2.Stop loss: Before placing a trade, determine the stop loss price and ensure it is reasonable. Immediately input the stop loss price after placing the order. The purpose of stop loss is to limit losses. Only by limiting small losses can you preserve your capital. Sometimes you need to let go to gain something. Do not assume that if you lose this time, you cannot earn it back. Manage investment risks carefully.
3.Position sizing: How you allocate your funds affects your ability to tolerate risks. Oversized positions or full positions can lead to increased losses and psychological pressure. Often, you cannot analyze market trends carefully, which can result in mistakes.
4.Take profit: Many traders struggle to take profit, causing profitable trades to turn into losses. In a one-sided trend, the push stop-loss method can be used to increase profit margins. Taking profit requires personal consideration of exit points. Not every trade needs to yield thousands or millions of dollars. Sometimes, in a volatile market, a profit of a few hundred dollars can accumulate over time.
5.Mindset: This is the most critical point and one that every investor must master. When you enter the market, it is undeniable that everyone is here to make money. However, your mindset determines how far you will go on the investment journey. The goal is to prefer small gains over losses, not to think about making more or less profit.
Opportunities require us to seek them out ourselves. The moment you read this article, you have already been given an opportunity. Everyone in life experiences setbacks and failures, but the difference lies in our mindset when faced with adversity. Some people always regard setbacks as failures, which can undermine the courage to succeed. In investing, the key is to be on the right path and have the right direction. "A calm sea never made a skilled sailor," and there is no stable market environment. The purpose of investing is to make money! A clear mind is more important than a clever mind in this market. A good habit is more practical than a skilled technique. Perseverance is long-lasting, and authenticity is eternal. This is true of anything we do. I hope my article can bring you benefits and smooth sailing on your investment journey. May my investment experience benefit investors, and with you and me, an ordinary person plus an ordinary person, may we have an extraordinary investment experience and insights. Be meticulous in life and ordinary in your work. May your investment journey be smooth sailing.
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FXOPEN:XAUUSD TVC:GOLD COMEX:GC1!
Ideagold
GOLD 🧐 UP or DOWN ?Hello, friends!🙌🏻
My thoughts on gold / dollar you can see at my chart.🧐
⚡Triangle, in what we are
since April 9th, it should come to its logical conclusion.
And soon we will be able to see a way out of it.⚡
Thank you for the attention. 😊
Stay in touch with me💛💙
Your Rocket 🚀💣Bomb
Gold Investor Looking Next month US election (Gold Rally)XAUUSD Technical Overview:
Pivot: 1186.50
Key Resistance: 1191.20 - 1194.56 - 1198.45 - 1202.29
Key Support: 1186.49 - 1184.58 - 1181.78 - 1178.20
Day Trading Range: 1178 - 1200
Technical Indicator:
RSI: The RSI having mixed bullish divergence.
Moving Average: SMA 100(1197.45) & SMA 200(1194.50) strong resistance for Gold today..
Technical Trade Idea:
Most Likely Scenario: long positions above 1186.50 with targets at 1194.50 & 1202.20 in extension.
Alternative scenario: below 1186.50 look for further downside with 1182.45 & 1179.30 as targets.
Overall, The trading week kicked off with a panicked sell-off in Chinese equities which simply expresses growing fears in financial markets. Rising U.S. and global interest rates, a stronger U.S. dollar, slowing economic activity, and of course, tense U.S.-China relations have all attributed to the nervous market environment. The cut of the Reserve Ratio Requirement from PBOC to boost credit did little to help appetite, in a sign that more action needs to be taken to avoid a hard landing. While we think that China still has a lot of monetary and fiscal tools to cushion a slowdown to its economy, investors need to see the domestic picture improving before seeing a significant rally in its equity markets.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Traders are saying that today’s early session strength is being fueled by safe-haven bids from risk-averse investors. The buying could be coming from Asia where stocks are under pressure again. Furthermore, renewed concerns over a potential slowdown in China’s economic growth as well as an easing U.S. Dollar could be underpinning the market.
If it’s being viewed as an investment then investors will have a difficult time generating enough upside momentum to trigger a breakout through the resistance because of the rising interest rate environment in the United States. This helps support the U.S. Dollar which leads to lower foreign demand for dollar-denominated gold.
If gold starts to take on the identity of a safe-haven asset then demand will have to increase enough to drive out the net short hedge and commodity funds. Only then can we see a bona fide breakout to the upside.
There are quite a few variables influencing the price action which leads me to believe we’re more likely to remain in a range over the near-term. One event that nobody seems to be talking about is the U.S. November elections.
Thanks
YoCryptoManic
Gold Investor fearing from today's NFP DataXAUUSD Technical Overview:
Pivot: 1205.45 (1198.40)
Key Resistance: 1200.20 - 1202.55 - 1205.45 - 1207.23
Key Support: 1197.75 - 1195.25 - 1191.86 - 1188.44
Technical Indicator:
RSI: Indicator shows mixed bearish trend.
Moving Average: SMA 55 (1200.35) strong resistance & SMA 100(1197.28), SMA 200(1195.45) strong support for Gold today.
Technical Trade Idea:
Most Likely Scenario: short positions below 1205.45 with targets at 1195.25 & 1188.44 in extension.
Alternative scenario: Long above 1205.50 look for further upside with 1207.23 & 1210.55 as targets.
Overall, In the absence of any convincing, clear-cut catalyst the markets have been in consolidation mode. Cleary the markets are attaching a whole lot of significance to tonight’s NFP print as the markets have remained range bound as trader know the outcome of tonight’s data can significantly shape the market’s rate hike expectations and the near-term outlook for the USD. So indeed, there a lot riding on tonight employment data. Failing any USD surprises, expect current tight ranges to persist ahead of tonight’s data.
Volume and volatility are light after three days of heightened activity earlier this week. The market has held up considerably well this week in the wake of a stronger U.S. Dollar and rapidly rising U.S. Treasury yields. Perhaps the market is being underpinned by speculators betting the Fed will lose control of inflation.The direction of the market today is likely to be determined by trader reaction to the U.S. Non-Farm Payrolls report, due to be released at 1230 GMT.
Thanks
YoCryptoManic
Gold looking for commentary on monetary policy todayFX_IDC:XAUUSD
Technical Overview:
Pivot: 1202.20 (CMP 1199)
Key Resistance: 1200.10 - 1203.45 - 1207.66 - 1210.20
Key Support: 1196.35 - 1193.79 - 1191.55 - 1189.25
Technical Indicator:
Moving Average: SMA 55 (1199.66) strong resistance & SMA 100(1194.48) & SMA 200(1195.36) strong support today for Gold. According to high volume moving indicator shows upside bias.
RSI: The indicator shows downside momentum, moving around 50 level.
Technical Trade Idea:
Most Likely Scenario: short positions below 1202.20 with targets at 1194.55 & 1189.25 in extension.
Alternative scenario: above 1202.20 look for further upside with 1205.20 & 1208.55 as targets.
Overall,Two factors likely contributed to the market’s weakness on Wednesday. Firstly, an easing of tensions between Italy and the European Union encouraged investors to dump their safe-haven long positions. Secondly, a soaring U.S. Dollar pressured foreign demand for dollar-denominated gold.
The U.S. Dollar was supported early in the session on Wednesday after the ADP National Employment Report showed private payrolls jumped by 230,000 jobs in September, posting its largest gain since February.
Shortly after the release of the jobs data, the greenback extended its gains after the Institute for Supply Management’s (ISM) non-manufacturing activity index jumped 3.1 points to 61.6 last month, the highest reading since August 1997.
Fed Chair Jerome Powell also made supportive comments. He added to the bullish tone for the U.S. Dollar when he said on Wednesday that the central bank may raise interest rates above an estimated “neutral” setting as the “remarkably positive” U.S. economy continues to grow.
In other news, tensions eased in Europe on Wednesday on reports that Italy plans to reduce its budget deficit over the next three years.
While the long-term view remains bearish because of the hawkish Fed, gold does remain vulnerable to short-term upswings if the situation between Italy and the European Union escalates.
In the U.S. on Thursday, investors will get the opportunity to react to three more economic reports and a speech from a U.S. FOMC member.
FOMC Member Randal Quarles is also scheduled to speak. Investors will be looking for commentary on monetary policy especially his opinion on inflation and the labor market. He may also offer his opinion on the pace of future interest rate hikes.
Thanks
YoCryptoManic
Gold move under $1205.90 will signal the presence of sellersXAUUSD Technical Overview:
Pivot: 1201.20
Key Support: 1200.10 - 1198.45 - 1194.89 - 1191.23
Key Resistance: 1205.45 - 1207.55 - 1210.85 - 1214.75
Technical Indicator:
RSI: The indicator having bearish divergence.
Moving Average: SMA 55(1194.55) SMA 100(1191.75) & SMA 200(1195.78) strong support for Gold today.
Technical Trade View:
Most Likely Scenario: long @ 1206.10 with targets @ 1211.00 & 1217.00 in extension.
Alternative scenario: below 1201.30 look for further downside with 1197.50 & 1194.00 as targets.
Overall, Gold prices have been aggressively rallying overnight. Rather odd that the USD is not leading this move that has triggered a significant and very convincing short squeeze. Remember that according to CFTC data GOLD speculative net positioning increased to its highest since December 2001 as prices declined for a sixth straight month in September. Accounts sold an additional 6,804 contracts in the week to September 25, according to the latest CFTC data published last Friday, bringing total net short positions to 17,648, the most since the week of December 11 2001.
Gold has moved higher overnight primarily driven by the return of safe-haven appeal, keeping Italy risks in mind. Interesting I was discussing that fact yesterday, that in the past when we were not dealing with a strong USD narrative, Gold would pop $15-20 higher in a heartbeat on EU contagion fears.
Sometimes, it’s easy to be blind to the facts, especially when getting so accustomed to positioning gold off the US dollar moves. But with l tightness in Copper markets influencing the base metal complex higher. There’s likely some knock-on effect from that correlation as well; indeed, shorts are being caught out on this one, and weaker near-term stops above $1200 level are probably contributing the flow. But for a specific technical trigger, commodity traders were focusing a Gold cross currency relationship, and it was the break of Gold vs EUR 1030 that triggered the short position carnage.
Thanks
YoCryptoManic
European Session "Golden Eye" on WarXAUUSD Technical Overview:
Day Trading Range: $1188.85 - $1207.27
Pivot: $1202
Key Resistance: $1202 - $1205.35 - $1207.89 - $1212.33
Key Support: $1196.28 - $1194.69 - $1191.89 - $1189.21
Technical Indicators:
RSI: Indicator is confusing where to go, moving around 50 level, trend downward (See chart RSI).
MACD: MacD is having negative volume for xauusd.
Moving Avg: SMA55 ($1198.74) strong support & SMA200 ($1199.78) which is CMP (time of writing).
Technical Idea:
Most Likely Scenario: short positions below 1202.00 with targets at 1196.28 & 1192.20 in extension.
Alternative scenario: above 1202.00 look for further upside with 1205.85 & 1208.65 as targets.
Overall Review:
Trade war fears continue to be a major issue as well, which almost certainly looks likely to pick up a bit. We think that the Gold markets will continue to be very range bound, with the $1195 level underneath the be supportive, and the $1215 level above should be resistive. Overall, this is a market that we think should continue to see volatility, but we also recognize that we are more than likely going to move with the US dollar, as we have seen for some time now. we think at this point though, it’s probably easier to short this market at higher levels than anything else, because the move has been extended so rapidly during the day on Monday.
Thanks
YoCryptoManic
European Session XAUUSD fear from $XAUUSD Technical Overview:
Pivot: $1197.20
Day Trading Range: $1200 - $1186
Key Resistance: $1196.44 - $1200.00 - $1205.89
Key Support: $1193.35 - $1189.56 - $1186.78
Technical Indicators:
Moving Avg: SMA100 ($1198.33) & SMA200($1200.12) strong resistance for the day.
MACD: MacD is having low buyer volume and try to get seller volume soon.
Most Likely Scenario: short positions below 1197.25 with targets at 1192.00 & 1187.50 in extension.
Alternative scenario: above 1197.25 look for further upside with 1200.00 & 1202.00 as targets.
Fundamental:
Yellow Metal continue to be held hostage to the US dollar which can’t seem to get its direction Set. This has a lot to do with emerging markets and of course the global trade issues, and as a result the gaining US dollar continues to weigh upon the Gold markets overall. If that’s going to be the case, I think that the market will probably continue to offer selling opportunities on rallies, and that’s probably how you should play this market.
Thanks
YoCryptoManic
XAUUSD "Bart" Trading MaintainingXAUUSD Technical Overview:
Day Trading Range: $1186 - $1208
Pivot: 1196.75
Key Support: $1194.45 - $1188.88 - $1184.50
Key Resistance: $1198.25 - $1203.88 - $1208.89
Technical Indicators:
MACD: MacD is having low selling volume.
RSI: RSI is still below 50 level.
Moving Avg: SMA100($1197.68) & SMA200 ($1203.13) strong resistance for yellow metal..
Most Likely Scenario: short positions below 1196.75 with targets at 1191.25 & 1189.50 in extension.
Alternative scenario: above 1196.75 look for further upside with 1198.75 & 1202.00 as targets.
Fundamental:
Gold markets of course are very sensitive to the fate of the US dollar, which is getting sold off during trading on Monday as it has been stated by the EU official we may be within two months of the Brexit negotiated deal. If that’s the case, it would be very good for the Euro, and even better for the British pound. In other words, it should lead to more US dollar selling. However, we have the concern over emerging markets, which has kept the dollar elevated. All of this noise is contributing to a very choppy and difficult gold market.
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YoCrypotoManic
Yellow Metal Struggling After US Job DataXAUUSD
Pivot: 1198.00
Day Trading Range : $1186.45 - $ 1198.89
Key Resistance: $1196.45 - $1198.89 - $1204.00
Key Support: $1189.56 - $1186.45 - $1182.27
Technical Indicator:
Moving Avg: SMA1100($1196.60) & SMA200($1204.16) both are strong resistance for yellow metal for the day.
MACD: MacD having negative volume for Gold.
Most Likely Scenario: short positions below 1198.00 with targets at 1193.25 & 1190.00 in extension.
Alternative scenario: above 1198.00 look for further upside with 1203.00 & 1207.00 as targets.
Fundamental:
Gold futures closed lower last week with the selling pressure attributed to safe-haven buying of the U.S. Dollar and a jump in Treasury yields fueled by stronger-than-expected U.S. Non-Farm Payrolls data. The selling could have been worse, however.
Bullish speculators seem to believe that the Fed is moving closer to neutrality, which means the dollar is not likely to strengthen very much. Additionally, safe haven buyers are also taking positions in the Japanese Yen and Swiss Franc. If you trade the relationship between gold and the Dollar Index and your bullish gold, all you’re hoping for is a rally in the Euro.
Thanks
YoCryptoManic