XAUUSD: sell 2404-2416
The current gold 30m chart indicator shows signs of weakness, but the 2h chart currently has the advantage for bulls. Continue to pay attention to the resistance near 2392.
If it cannot break through, the backtest support near 2383-2377 has a high probability. If it breaks through, the upper 2404-2416 range will be the short-term top.
Friends who hold short orders should pay attention to the status of their accounts. If they cannot bear the risks caused by its rise, close them in time to avoid account loss.
Xauusd4h
XAUUSD: Sell at 2404-2416
The 4h chart shows that bulls currently have the advantage, but on the 30M chart, it is currently in the resistance range of 2396-2404. If it cannot break through, it will fall back to the 2384-2373 range.
If the range support is effective, you can continue to go long and pay attention to the resistance of 2396-2404 again. If it breaks through, consider 2409-2416.
XAUUSD:Short, target 2358-2333
The 3h chart indicator has formed an obvious bear trend. In small-level trading, there is some rebound demand on the 30m chart, so the next focus is to focus on the resistance 2378-2383 during the rebound process.
If it cannot break through, the short forces will be concentrated again, and it will inevitably fall back to around 2333, so if you can seize this opportunity, it will bring you huge profits.
XAUUSD:Go long in the 2333-2326 range
Gold encountered resistance in the 2363-2373 range. In the small-level candle chart, the indicators began to show weakness. Focus on the support in the 2333-2326 range. If the support is effective, go long. Continue to focus on the resistance in the 2363-2376 range.
On the 4h chart, it now faces the question of whether to form a head and shoulders pattern, the answer to which will be revealed on Wednesday.
Judging from the current trend, I think the probability of success of the pattern is relatively high, so last Friday, I told everyone that my short order target is in the 2305-2283 range. As of now, I still maintain this view.
XAUUSD:A unilateral downward trend may begin
This is the 4h chart of gold. A simple analysis using the MACD indicator shows that it is currently close to a dead cross. At the same time, there has been a serious top divergence, and other indicators are also showing obvious weakness.
In short, gold bulls are now in a situation where they are unable to continue.
There are only two ways to accumulate power, one is to shock and digest, to repair the indicators.
Another option is to break multiple supports, lure short sellers into the market, and make quick repairs. If there is news cooperation in the later period, bulls will still have the opportunity to try 2380-2400.
Otherwise, this unilateral rise will basically be over. The short sellers will lead the market to 2280-2252-2212, starting a unilateral downward trend, eventually falling below 2200 and returning to the platform support near 2180.
The above are my trading ideas, I hope it can be helpful to everyone's trading.
XAUUSD: $2400 is our Target| SetupsFx_| 09/04/2024XAUUSD started the week with the strong and continued bullish momentum which has been the case since last few weeks or months now. Currently we have two areas of entries as explained in the chart. Risk entry and Safe Entry take any which suits your risk management. Manage your capital always. Good Luck.
XAUUSD:11/04/2024 UPDATEDear Traders,
Gold have been consolidating since yesterday after the major news came out, however, in our view we think that gold has been recovering after the yesterday's news. Two areas that has huge potential first is entering with the current price movement. Or wait for the price to drop $2300 level and buy at the region targeting 1000 pips.
The CPI value has a 55% chance of being negative for goldAmid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday today, the market will focus on the March CPI data and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is very positive for the US dollar and negative for gold. The specific data performance will depend on the actual data release.
According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long. But this possibility is relatively small, maintaining the strength of the Asian and European markets. Tuesday's low of 2338 has not broken, let alone testing 2328. Therefore, keep the support near 2338 for long positions during the day. Since the current price of gold is too high, don’t be overly optimistic even if it is bullish. If the upper level does not break through 2365, look at this target. After breaking through 2365, we will see the room for continued big gains. The US CPI data is the focus of the day. According to recent US data performance, it is more likely to be bullish for the US dollar and bearish for gold. If it is negative, focus on gains and losses at 2328 points. After breaking the level, gold will not be so strong.
The CPI value has a 55% chance of being negative for gold.Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday today, the market will focus on the March CPI data and the minutes of the Federal Reserve meeting to be released by the Federal Reserve. Judging from the recent data released by the Federal Reserve, it is very positive for the US dollar and negative for gold. The specific data performance will depend on the actual data release.
According to the current performance on Wednesday, the daily cycle unilateral moving average support points are at 2328 and 2290. Standard trading has to wait until it falls back to 2328 to go long. But this possibility is relatively small, maintaining the strength of the Asian and European markets. Tuesday's low of 2338 has not broken, let alone testing 2328. Therefore, keep the support near 2338 for long positions during the day. Since the current price of gold is too high, don’t be overly optimistic even if it is bullish. If the upper level does not break through 2365, look at this target. After breaking through 2365, we will see the room for continued big gains. The US CPI data is the focus of the day. According to recent US data performance, it is more likely to be bullish for the US dollar and bearish for gold. If it is negative, focus on gains and losses at 2328 points. After breaking the level, gold will not be so strong.
XAUUSD - Increased dizziness, no signs of cooling downNews:
World gold rate today
World gold charges persevered to growth with spot gold growing through 15.1 USD to 2,352.five USD/ounce. Gold futures final traded at 2,372.four USD/ounce, up 14 USD in comparison to the day past morning.
The world`s yellow steel prolonged its upward momentum way to safe-haven shopping for because of issues associated with conflicts. Meanwhile, the marketplace is awaiting the mins of the United States Federal Reserve's (Fed) coverage assembly and the country's inflation statistics to be launched on Wednesday to discover new clues approximately the hobby charge path. destiny US productivity. The purchaser rate index (CPI) in March is forecast to growth through 3.four% over the identical length final year. Core CPI (except for risky meals and electricity charges), extended 3.7% annually.
Experts say that CPI statistics will probably create volatility withinside the gold marketplace. Blue Line Futures leader strategist Phillip Streible stated that technical shopping for momentum will hold except CPI statistics seems to be a whole lot warmer than expected. This professional predicts that a decrease inflation file ought to convey gold to 2,four hundred USD/ounce.
Bullion is visible as a hedge in opposition to inflation and geopolitical uncertainties, however better hobby costs have a tendency to lessen its appeal. However, recently, this valuable metallic has disregarded those traditional "headwinds" and constantly made breakthroughs. CME Group information suggests that the marketplace is pricing in a 53% danger that the United States Federal Reserve (Fed) will pivot its coverage in June.
According to the World Gold Council, the valuable metallic`s present day rally is underpinned with the aid of using developing geopolitical chance concerns, consistent principal financial institution shopping for and consistent call for for jewelry. , bars and coins.
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World Gold Price
- With fluctuations from vital monetary occasions along with hobby charge decisions, CPI and statements from relevant financial institution officials, international gold fees can vary significantly.
- Normally, gold fees have a tendency to growth whilst there are worries approximately inflation or uncertainty approximately the worldwide monetary situation, and conversely, lower whilst there are fantastic indicators approximately monetary increase and economic stability. .
XAUUSD Increased intensity, many surprising factorsGOLD is presently growing precisely as I expected. Anyone who watched yesterday`s Tiktok Video that I published overdue will apprehend why I nonetheless went up whilst there had been mild Gold Decreases from 15>20 in rate.
>Gold rate maintains to boom to the 234x area
At this rate, if anybody nonetheless holds the Buy Gold Order, they need to pull the SL Positive and take 1/2 profit. Today Continue watching for extra New reactions to go into Buy.
>A Canh Session Gold Buy GOLD round 2334>2338
SL 2333
TP 2346>235x
>Temporary Selling Rhythm I have not visible any symptoms and symptoms of a reversal yet, so do not sell. If there may be any information, I will replace extra 👌❤️❤️
-------------NEWS------------
Today`s gold rate withinside the international improved dramatically withinside the context of China, Türkiye, India, Kazakhstan and a few Eastern European nations shopping for this treasured metallic to boom forex reserves.
This element makes speculators anticipate gold charges to boom. Accordingly, they improved their shopping for role via way of means of 20,493 contracts, to 178,213 contracts.
Bart Melek - commodity analyst at TD Securities, stated that vital financial institution shopping for and geopolitical tensions are elements helping international gold charges.
Meanwhile, analysts warn that when greater than a 12 months when you consider that 3 banks withinside the US collapsed, the operations of many banks are nevertheless broken because of trouble in convalescing the mortgage amount.
Perhaps this facts has stimulated monetary traders to boom the want to refuge capital in treasured metals.
Dollar and gold rose in tandem as Fed rate cut bets eased againHopes for an early Fed price reduce had been dashed once more on Monday after upbeat records became launched from the US. The ISM production PMI rose greater than predicted in March, mountain climbing above 50 into enlargement territory for the primary time considering September 2022. Furthermore, the fees paid index additionally rose, accomplishing its maximum stage considering September 7, 2022, in a brand new signal that inflationary pressures are not there. absolutely disappeared.
The robust PMI comes warm at the heels of Friday`s tame center PCE print and Fed Chairman Powell's hawkish comments. While CPI and PCE records preserve to aid the view that inflation usual stays on a downward trajectory, albeit an an increasing number of shallow one, different signs underscore the Fed's warning approximately the outlook price.
Then the price reduce in early June started to appearance doubtful, and the percentages of a 25 foundation factor Fed price reduce fell to approximately 60%. More importantly, buyers are actually pricing in a smaller reduce for all of 2024 than what the contemporary FOMC dot plot projected only a few weeks ago.
Profited 17K from short gold, and continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520
In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits.
At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.
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XAUUSD GOLD Technical Analysis and Trade Idea VideoI posted a gold trade idea previously and wanted to do this video to explain my thought process we can see gold trading up bullish on the 4 hour time frame I'm looking for the 61.8% Fibonacci retrace for an entry. I've adjusted my price swing and entry point specifically in this video. Always this content is for educational purposes only and not to be construed as financial advice.