Can we continue to bet against gold?My article today emphasized that gold may fall below 3200. Sure enough, it did so without hesitation today and fell to around 3175 in the short term. At present, gold has rebounded, and the short-term pressure is around 3200, so you can short at this position.
In the short term, focus on the support near 3160 below. If it falls below, there is still room for gold to fall.
Xausudanalyst
Gold crash alarm is sounding!
Technical aspects:The pressure area of gold is concentrated in the range of 3250-3260. If the market remains weak and under pressure, it will be difficult for gold prices to break through this area. The key support around 3210-3200 should be focused on for gold to go down. If the gold price falls below the support of 3200, it may trigger a waterfall-like decline, and the expected support bottom is in the area of 3100-3050.
In terms of operation, you can wait for the opportunity to rebound and come under pressure after the position is broken, and take advantage of the trend to place short orders. It is important to remember that 3200 is like a key line of defense. Once it falls, it will trigger a chain selling.
Gold’s 3200 mark is the key!Due to the ceasefire between India and Pakistan and the easing of the Sino-US trade war, gold opened directly and fell below 3280 and 3260 successively, so the decline of gold will continue.
From the gold hourly chart, the focus below is on the 3200 integer mark. If it falls below 3200 and cannot effectively stabilize, then gold will have a big double top here, and the next decline will extend to around the 3000 integer mark. On the contrary, if the 3200 mark is not broken, then the bulls will fight back, at least they will fill the gap again
So in terms of operation, it is not recommended to chase the short now. If you want to go long on gold, you can wait for it to fall back to the 3200-3210 area and stabilize before buying
The golden earthquake storm is coming!In terms of news: Major events over the weekend include the conflict between Russia and Ukraine, the sudden change in the situation between India and Pakistan, and the progress of Sino-US negotiations: Although India and Pakistan announced a truce, India's surprise attack turned the agreement into a joke. The high-level economic and trade talks between China and the United States are still continuing in Geneva, and it is difficult to have clear results in the short term. The war between Russia and Ukraine is still in a stalemate. The superposition of multiple events has injected uncertainty into the market.
Technical aspects:
Pay attention to the pressure in the 3360-3380 area. If it stands firm at 3346, it can fall back to arrange long orders. If it directly breaks below 3300 at the opening, pay attention to the support near 3280 - this position is likely to be lost, and effective support depends on the downward pattern formed after the 3260 break, and the ultimate target is 3200.
Gold is still in a short-term bearish trendGold's 1-hour moving average continues to turn downward. If it crosses below to form a downward death cross, then gold's room for decline may further open up. The short-term short position of gold has not ended yet. Gold has a trend of falling again. The short-term trend of gold is still short.
Trading ideas: short gold near 3325, stop loss 3340, target 3290
After gold falls sharply, how should you trade in the short termAfter gold fell below 3400 today, it ushered in a big decline, falling directly below the key position of 3350. Since gold breaks down, let’s take advantage of the trend and go short
Since the bullish volume of gold market has been released, the bullish trend of gold needs to be repaired in the short term before it can rise further.
Trading idea: short gold near 3347, stop loss 3360, target 3327
Gold breaks through 3400, the upward trend will continue
The Federal Reserve's interest rate decision will keep the interest rate unchanged, which is in line with the psychological expectations of most people in the market. The current price of gold still continues to fluctuate at high levels, but in terms of the general direction, gold bulls have actually not changed, and bulls are still in a strong phase.
If gold breaks through 3400 strongly in the short term, then you can go long gold on dips above 3400. If gold rebounds, focus on the pressure near 3430.
Has the road to gold adjustment begun?Gold has reached a high of around 3404, so this position can be used as an important pressure point. In this continuous upward trend, once there is a sharp decline, it is likely to be a signal that the short-term bulls have peaked. Then we need to consider whether the bears can reverse, and the current upper pressure point is also the high point of the last wave of pullback near 3393, and the lower support is at 3360.
Trading idea: short near 3387, sl: 3400 tp: 3370
The gold correction continues!On the news:
Gold prices fell for a third day in a row as signs that trade talks between the United States and China may be progressing dampened demand for safe-haven assets. News that the Trump administration is about to announce the first batch of agreements, which will reduce planned tariffs on some countries, also eased concerns about the outlook for global trade.
Technical aspects:
After the current gold market broke down, it started to fall from around 3270, which is also the key position for us to continue to bet on the market falling. At present, the short position of gold is more advantageous. Then in the short term, gold will focus on the support near 3233. If it falls below, then gold will reach the 3200 mark.
The gold shorts aren’t over yet
The 1-hour moving average of gold continues to turn downward. If the 1-hour moving average of gold forms a death cross downward, then there is still room for gold to go down in the 1-hour period. Gold has been under pressure from the 3340 resistance line for many times in the US market and has fallen. Gold has hit a new low again in the US market, falling to the 3260 line. The lows of gold continue to hit new lows, so the gold short position has not ended yet. The resistance of the 1-hour moving average of gold has moved down to around 3366. Gold continues to be shorted at highs below 3366.
Gold short position wins streak, waiting to continue shortingThe 1-hour moving average of gold continues to turn downward. If a downward dead cross pattern is formed, then there is still room for gold bears to fall. Gold is under pressure to fall near the resistance line of 3340.
Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish.
Trading ideas: short gold near 3338, stop loss 3350, target 3318
Will gold first fall and then rise today?
The gold 1-hour moving average is still in a bullish arrangement with a golden cross. Now the price is gradually approaching the moving average, but the gold bull trend has not changed for the time being. Patiently wait for the opportunity to adjust. Pay attention to the support near the previous low of 3185. The moving average support has now moved up to the line near 3177. Overall, gold may form a strong support near 3180. For today's gold trend, I personally think it will fall first and then rise.
Gold bulls are rising higherGold's 1-hour moving average continues to spread upwards and bulls are spreading. Gold bulls are full of strength. Gold still has upward momentum. The pullback will continue to give opportunities to go long.
Trading idea: Go long near gold 3175, stop loss 3165, target 3210
The above is only a sharing of trading ideas and does not constitute investment advice. You need to be responsible for your own profits and losses.
Gold 3055 is very important!gold chose to break upward and is currently trading around 3043. For the next market, Monday's high of 3055 is very important. If gold stands above 3055 again, then the hourly chart will be a double bottom pattern, and the next rebound target will continue to advance towards 3115. On the contrary, if it cannot stand above 3055, then the market is still expected to fall back!!!
#XAUSUD: Small Time Bearish Correction With Three Take Profit! After reaching a record high of $3,150, the XAUUSD currency pair has experienced a decline. Analysis conducted over the past few hours has led us to anticipate that the price may experience minor corrections within a short time frame.
Upon analysing the data and price movements, we have identified three distinct zones or targets that could serve as potential price levels for the XAUUSD pair.
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Gold is crazy. When will it peak?Gold has experienced a wave of rapid declines and market washouts. It successfully made many people get off the market with one move, and then it continued to rise all the way. It is really strong.
At present, it seems that gold is getting closer and closer to the top, but you can still take advantage of the pullback to make long orders, but you must not stay in the long term.
At present, gold is getting closer and closer to the top, but you can still take advantage of the correction to go long, but don't be a long-term investor. Gold can take advantage of the trend to take long positions above 3100
Risk aversion pushes gold higher againFrom the perspective of gold trend, after three trading days of shocks and consolidation, this trading day also chose to break upward. After breaking through the pressure near 3030/32, it inertially rushed up to 3056, which is only one step away from the historical high.
Gold broke out of the upward trend mainly driven by risk aversion. Russia, Ukraine and Gaza opened fire again. The originally planned peace talks did not achieve substantial results, so the current market risk aversion pushed gold upward again. Gold strengthened again after breaking through the convergence triangle.
Gold can be shorted in the short term, sl: 3063 tp: 3042
Gold’s rebound is an opportunity for short sellingGold is still oscillating, and a rebound is an opportunity for short selling. Since gold is still oscillating within the box, you can go short if it rebounds to a high level. Gold is still oscillating within a large range for 1 hour. Since gold has not effectively broken through, you can continue to short after rebounding. If it breaks through the box shock, then gold will consider taking advantage of the trend and go long.
Gold bulls are going crazy, need to be careful at this time
Gold bulls are too crazy and there is no chance of a pullback. So when the market is too hot, you have to be careful. You need to be cautious when doing long positions at high levels, and beware of gold falling back after a surge and starting to make a sharp adjustment.So at this position I think shorting would be better
GOLD Intresting SitutionGold at this time Respected Support area and move up
also, Created a fresh supply Area at 2050 to 2060 price.
We all will take a short position from this supply with confirmation because this supply still below the trend line.
because many Institutions take a long from support.
We are waiting for 2050 if institution cut their long and take short from 2050 to 2060 then Gold will drop like a waterfall.
If gold closes up the 2060 level this coming week then gold fills the upper wick in the coming weeks.
Because in HTF(High time frame), the Institution still holds its long position
But Hopefully buyers out and cut there profit and take short position .