XAUUSD: Summary of the day
Today, gold opened in 1942, followed by the highest to 1948, and is currently near 1940, the overall trend of wide volatility, is currently accumulating energy before 1940-1945, and will continue to maintain an upward trend if it can break through the 1950 pressure level!
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XAUUSD: Will it be a reversal or a continuation of the downtrendGold price is looking to build onto its recovery and recapture the 1,900 mark, as the Greenback maintains its corrective mode from two-month highs amid mixed fundamental factors. Risk sentiment remains rather cautiously optimistic in Asia this Thursday, as traders cheer overnight gains in US tech stocks after shares of Nvidia jumped 8.5% ahead of Wednesday's earnings report, providing supportive ground for local chipmakers.
Gold reversed, 1912 went long directly
Gold had a downward trend before, but now on the hourly chart, the macd has deviated, and the decline has failed! The market is about to turn around! The key support of the daily cycle is the 1902 position, which will most likely be the inflection point of this downward trend! The current position starts the multi-single layout!
In the early trading, it was suggested to do more at the current price around 1910. There is no fundamental change in the market now, and the idea of maintaining a bullish rebound remains unchanged.
specific strategy
Gold 1910-1912 go long directly, stop loss 1902, take profit 1930.
Gold short 3 consecutive victories
The gold 4-hour line has continued to go negative, completely falling yesterday's gains, and once again staged a sharp fall. The short-term moving average on the daily line is also basically flat. In the short-term trend, there is a high probability that it will continue to fluctuate. Wait for ADP Or non-agricultural to break the current market. At present, the technical form has begun to repair in the short-term trend, and there may be a certain rebound.
At present, the short-term end point of the lower support focuses on 1940-1945
XAUUSD: @1945-1943 BUY
Gold in the European market continues to bearish!
goldThe current price prompts 1958 to be short, and now the market is starting to fall, the short order is making a profit, and the European market continues to be short and bearish!
The obvious downward trend on the golden hourly chart, and Friday's rebound touched the pressure position, which is the beginning of another decline! And this fall will surely fall below the support of 1940, reaching around 1930!
Short, maintain the bearish thinking in the European market, continue to hold short orders, and those who have not entered the market, just choose the opportunity to continue to short!
specific strategy
Gold is short at 1958, stop loss at 1965, and stop profit at 1940.
XAUUSD: Gold price has many potential risks!Gold prices struggled to break the losing streak, walking near $1,890 per troy ounce in the Asian session on Monday. The precious metal also benefited from the US dollar's retreat, driven by the Federal Reserve's interest rate cut and risk aversion. However, Gold faced downward pressure on Friday due to optimistic US economic data, leading to cautious market sentiment as traders remain wary of increasing inflation prospects. The yellow metal may face a challenge due to China's economic uncertainties. These factors have the potential to impact the overall trajectory of Gold prices.
XAUUSD: Economic stability for gold to continue downtrendGold is facing difficulties in making significant progress on Thursday and is currently hovering close to its lowest point since mid-March, which was reached during the Asian session. The XAU/USD pair is trading around the 1,890 mark and appears to be exposed to potential risks following a bearish breakout below the crucial 200-day SMA overnight. This marks the first occurrence of such a break since November 2022.
Support levels: 1,896.30 1,888.30 1,879.95
Resistance levels: 1,915.30 1,9221 1,934.85
Gold 1945 to do more
The double bottom at the bottom of the gold four-hour line is more obvious. The big positive line is directly erected, and the k-line runs directly to the 50 moving average. At the same time, there is a star at the bottom, which is the Yin line on the left, the cross star in the middle, and the big positive line on the right. These are three k The combination of lines, this is a strong stop signal, go long on gold 1945
Gold focuses on the 1953 line!
Gold focuses on the 1953 line!
At present, the daily trend of gold is still empty, and the high in the morning of the one-hour period has continued to fall and is now close to the low point of the previous fall. Gold focuses on the 1953 line, and the bullish position above this level remains unchanged. If you see a bottom pattern in the five-minute period, you can still go long. If the downtrend breaks through this position in one hour, the shape will peak at that time, and the direction will return to the short position again, and the operation will also choose an opportunity to go short.
Specific operation: above 1953, go long when the bottom pattern of the five-minute cycle appears.
Gold 1958 continues to be short
Last Friday, gold fluctuated upwards to the 1963 line, with the MA10 moving average suppressing above it, and it slowly fell back under pressure at 1963. Now it comes down to 1953, and the empty orders in 1957 can take profit. The rest look at the position of 1948-1950, above the gold There is resistance at 1963, and the suggestion for short positions rebounds to around 1958-1960 to continue shorting.
If you want to make money in this market, you must follow a certain logic
XAUUSD: Gold price is limited to increase with PPIMarket participants are currently examining the economic records of the United States, which include the release of the Producer Price Index (PPI), along with preliminary consumer sentiment and inflation expectations. This, coupled with US bond yields, can impact the driving forces behind USD prices and provide some impetus for gold prices. Additionally, a broader risk sentiment allows traders to seize short-term opportunities. However, XAU/USD ended in red for the third consecutive week and announced its lowest weekly closing level since March.
XAUUSD/GOLD: 1900-1910 BUYING REGION!Dear traders,
Hope all of you had a great week, gold dropped heavily this week due to last week NFP and other important DXY related data making DXY bullish. What we expect from GOLD here is that it reverse from zone 1900-1910 if it fails to do so, our setup will be invalided.
Manage your RISK, market will be tomorrow with great opportunities but you need capital for that.
XAUUSD: Reducing wedge continues to work!Open interest in gold futures markets fell for a row on Tuesday, this time by around 3.2k contracts, according to preliminary data from CME Group. Instead, volume kept its erratic performance and increased by about 42.3k contracts following the previous daily drop.
Gold is facing initial dispute around 1900
The falling wedge formed is due to a further decline in open interest, which should support the near-term recovery. So far, the 1900 area emerges as a good competition for the time being.
XAUUSD: Firmer US Treasury bond yields!Gold Price (XAU/USD) stays depressed around 1,935 after the beginning of the trading week with mild losses. That said, the XAU/USD manages to keep the bears on board amid technical breakdown, as well as the firmer prints of the United States Treasury bond yields, despite a sluggish US Dollar ahead of this week's inflation data from the US and China. Also an absence of major macros and the market’s inaction limits the yellow metal’s immediate moves ahead of top-tier data/events.
Support levels: 1,922.95 1,911.80 1,898.10
Resistance levels: 1,944.95 1,954.70 1,966.90
XAUUSD: What's next week?Gold price has recovered significantly since autumn last year. Economists analyze the yellow metal’s outlook.
After NFP, the GOLD trend still goes as expected, back to the uptrend. This is a good signal for the buyers.
Gold is expected to continue short-term sideways at the 1950 level before breaking and continuing to move up!
XAUUSD- Extremely BULLISH $1990 TARGET?OANDA:XAUUSD recent NFP economic data did not support DXY indicating FED increasing interest rate policy. We have two possible entries first one is ‘risk entry’ where we can enter with 50-70 PIPS stop loss or We have ‘Safe Entry’ wait for price breakthrough the trendline and once it retest our level we can enter.
WHAT YOU ALL THINK?