XAUUSD: Short, target 2348-2333/2304-2280
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.
Xauusdbuy
gold prices dropped sharply, the 226x area is becoming clearerWorld gold costs are generally calculated in USD; Therefore, whilst the USD charge is going up, the gold charge generally is going down. However, recently, this not exists as a rule. Many instances whilst the USD charge is going up, the DXY index is going up however the gold charge nonetheless is going up.
This approach that, similarly to the effect among the USD and hobby costs on gold costs, there are nonetheless different factors, specially investors` expectancies.
Gold costs reversed path after rebounding above key assist nowadays, despite the fact that the yellow metallic's momentum become hampered with the aid of using continual expectancies of better hobby costs for the longer term. America.
The yellow metallic again to the $2,300/ounce mark in in a single day buying and selling after americaA Federal Reserve (FED) quashed expectancies of any in addition hobby fee hikes - which pulled the greenback decrease costs and produce a few comfort to commodity costs.
But the Fed nonetheless signaled that it's miles in no hurry to begin slicing hobby costs - a fashion this is anticipated to restriction any primary profits in gold costs. The Fed saved hobby costs regular on Wednesday, as broadly anticipated.
But FED Chairman Jerome Powell, in his speech after the meeting, gave particularly combined indicators approximately the improvement of hobby costs. While Powell stated that delaying deflation - specially as inflation strategies the Fed's 2% target - offers the financial institution little self assurance in beginning to reduce hobby costs soon. But Powell additionally stated that the financial institution has no plans to elevate hobby costs in addition.
The latter's remarks weakened the greenback, dragging it close to a six-month excessive. This pass allows particularly lessen metallic costs, which might be struggling a pointy decline earlier than the FED meeting.
However, the chance of US hobby costs final excessive for a long term has affected the outlook for gold costs, specially whilst the secure haven for the yellow metallic has additionally fallen in latest sessions.
Other valuable metals rose nowadays after falling sharply in advance this week. Platinum futures rose 0.6% to $968.30 an ounce, at the same time as silver futures rose 0.3% to $26,825 an ounce.
Profited $14K, NFP is expected to rise and then fall backThis morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row!
Tomorrow will usher in a golden highlight moment, because NFP will be released tomorrow, which will definitely intensify short-term fluctuations and even guide the short-term direction of gold. It is a challenge but also an opportunity. In my opinion, gold is likely to rise first and then fall under the influence of NFP market!
Judging from the recent economic data in the United States, the U.S. economy is strong, which limits gold’s upside to a certain extent. Moreover, high inflation has not yet been completely resolved, so the market’s expectations for the Federal Reserve to cut interest rates are decreasing, which is also negative for gold to a certain extent. In addition, gold has also confirmed the validity of the 2430 top at the technical level, so the overall short trend of gold has been established.At least gold has demand to extend its decline. So why does gold rise before falling?
Because gold has been weak recently and shorts have gradually gained the upper hand, the market is likely to need to use NFP data to kill a batch of short positions first and harvest some funds;In addition, gold has fallen ahead of schedule in the past two days, touching the 2285-2280 area many times, which is likely to reserve room for growth in the NFP market in advance. In the short-term structure, gold's technical bottom-out rebound creates a double-bottom structure in the short-term structure, which is helpful for gold's short-term rise. Therefore, in the NFP market, gold is very likely to rise and fall, and continue its decline.
Judging from the current trend, if gold rebounds first, we will first focus on the 2325-2330 area and the 2350-2355 area above. If gold rebounds first with the help of NFP data, I predict that gold is likely to touch the 2325-2330 area during the rebound, and may even try to touch the 2350-2355 area, and then fall back or even continue to fall to the 2270-2260 area. Therefore, in this process, there is a good opportunity to participate in gold trading, and the profit is definitely not small. I will definitely not miss this good opportunity once a month.After all, there are always markets, but opportunities are hard to come by!
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Xauusd short Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2300
Target 2330
XAU recovery after FOMC !!⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices surged above $2,300 as the Federal Reserve announced a slower balance sheet reduction and provided no indication of lowering interest rates. Fed Chair Jerome Powell stated that rate cuts would only be considered once inflation reaches its 2% target.
⭐️ Personal comments NOVA:
Gold price recovered above $2,300 after the FOMC meeting on Wednesday. keeping interest rates unchanged - the economy is still facing many difficulties, Gold continues to become a safe investment channel and has the trust of investors.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2307 - $2309 SL $2304 scalping ( Use the Asian and European trading sessions )
TP1: $2315
TP2: $2320
TP3: $2325
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2332
TP2: $2325
TP3: $2315
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
The weak decline will not continue, Buy goldRecently, gold has been looking different every day. Yesterday, gold maintained an upward trend, but today it hit around 2328 and then fell back. The current lowest level has hit around 2295. The lack of continuation of gold's long and short positions has brought us a certain degree of difficulty in trading. Gold is currently trading near the 2298 position.
Although gold continues to fluctuate and fall today, I think gold will not undergo a deep correction today.Because before the release of NFP data, the trend of gold was relatively cautious, making it difficult to form a unilateral market in the short term.And as long as gold holds the 2295-2290 area, gold bulls will still have enough energy to support gold's rebound, so we should not be overly bearish on gold.
In addition, if gold really replicates the trend after April 23 as expected, then after gold ends the first stage of rebound, there will still be a second stage of rebound. Therefore, in the short term, I think there is a high probability of gold rebounding again in the short term. Therefore, in trading, we can consider looking for suitable opportunities in advance to go long gold before gold rebounds; after gold rebounds, we can then consider shorting gold, and the target of long gold is towards the 2310-2315 area.
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Gold rebounded as expected and made a profit of $17KGold rebounded as expected. I believe that many people were chasing short gold yesterday and today. However, after gold fell sharply, I have reminded everyone not to be overly bearish on gold. Gold may have a short-term rebound and repair.And it is very likely to copy the trend after April 23. We first went long gold in gold trading today. After gold rebounded as expected and touched above 2310, we looked for opportunities to participate in short-term short gold. In both long and short transactions, the transaction ended by hitting TP, with a total profit of $17K.
At present, gold has rebounded as expected and touched above 2310. However, gold is not particularly strong during the rebound, so it is difficult for gold to form a unilateral trend in a short period of time. It even needs to continue its energy in the form of shocks like the previous period. So even if we see gold rebound and rise, we cannot be overly bullish on gold. I think gold is most likely to replicate the trend of April 23, so for the short term, we can see that the short-term top position is in the 2325-2330 area, and it may not even touch this area.
Therefore, during the rebound of gold, we cannot be overly bullish on gold. Moreover, before the interest rate decision and non-agricultural data are released, it will be difficult for gold to do much, and it may even need news guidance to break the current volatile trend. Therefore, before breaking through the volatile trend, for the current short-term, both long and short sides have the potential to make profits.
The top will first focus on the 2310-2315 area, followed by the 2325-2330 area. We can wait for opportunities to short gold around these two areas; and as gold rebounds, the bottom will first focus on the 2295-2290 area, followed by the 2285-2280 area. Similarly, we can look for opportunities to do long gold around these two areas. 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. !
Xauusd buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2294
Target 2330
Gold short-term trading strategy
Gold is approaching our awaited price target of $2,260.60, which is the 50% Fibonacci retracement of gold’s rise from $1,984.16 to $2,431.44. This means that if the price of gold falls below $2260.60, the price of gold will continue its bearish trend and aim for the next target of $2207.80
On the other hand, we noticed that the trend of gold prices showed a downward trend, which supported the expectation that gold prices would continue to decline and hit more bearish targets. In particular, the 50-period EMA formed continued bearish pressure. Therefore, unless gold rebounds above $2,325.90 and remains above this level, we will continue to predict that gold prices will be in a bearish trend for some time to come.
Gold prices are expected to trade today at the support level of $2,260.00 and the resistance level of $2,305.00.
The expected trend for gold prices today is bearish.
It is recommended to short gold near $2,300
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Gold stands at 2900 as expected, go long gold!Gold fell sharply to around 2281, then fluctuated sideways, broke upward and stood above 2900. Although this decline in gold exceeded my expectations, it still stopped its decline in the 2280 area. Then gold is still likely to use the 2280 area as support and replicate the trend after April 23, and may build a new upward channel in the short term.
At present, we are mainly observing two positions, one is 2290. If gold effectively stands above 2290, then gold will turn from weak to strong in the short term, and may even continue to rebound to around 2300;In addition, we need to pay attention to 2280 below. If gold falls below 2280, gold may continue its weak correction and even continue to test the 2270-2260 area downwards to find support.
Currently, I still hold a long position near the 2386 position. Now that gold is trading above 2290, we still have a certain profit. We will continue to hold it first, with a tentative target of around 2300. In addition, the Federal Reserve's interest rate decision is coming soon, which will bring us better trading opportunities and better profits waiting for us. Let us look forward to today's gold market!
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Gold trading strategy analysis
Recently, there have been a lot of bearish calls in the market. The louder the calls, the stronger the rally. The two important functions that affect the price trend of gold are risk aversion and resistance to inflation.
First, the relationship between supply and demand. Global gold mining and supply have stabilized, with market supply exceeding demand and prices falling.
Second, economic factors: global economic growth is slowing down and demand for bulk commodities is weakening. U.S. data continued to rebound, consumption was weak, and global risk assets suffered a sell-off. This is especially true as Cyprus plans to sell off its gold reserves, sparking concerns that other countries may follow suit. Well-known international investment banks such as Goldman Sachs and Merrill Lynch began to collectively lower their expectations for gold prices, causing investors to sell in panic.
For today's gold on Tuesday, the price fell below the ascending channel line and finally rebounded to determine the resistance area 2330-2332. This is a defensive suppression range and continued suppression is effective. If the price falls below the 2315-2312 area, if it falls below, then look for Go to the next 2303-2300 area, and then look for the 2388 and 2366 ranges
The next thing to do is to use the top of the starting and falling points as a defense, and then continue to hold gold high, watch the price accelerate to test the 2315-2312 area, and switch the range downwards if the position is broken.
My suggestion is to go short around $2320-2310, with a stop loss of $2335 and a target of $2302-2300.
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Falling below 2300, start going long goldGold fell to 2300 as expected and continued its correction to reach a minimum near 2293. Gold shorts have an absolute advantage. We followed the trend and shorted gold today near the 2323 position. Obviously, our short position was eliminated by hitting TP and making a profit. Congratulations on once again achieving good trading results!
Gold is currently trading near the 2296 position, and gold once again hit the 2293 position to stop falling and rebound. I believe that after gold fell, many people are trying their best to short gold, and it is not even ruled out that many people are chasing short gold below 2300. In fact, in my opinion, I personally do not recommend continuing to chase short gold. On the contrary, we should consider gradually going long gold below 2300.
Although gold is extremely weak after its sharp decline, it may even fall further. However, gold did not break through the 2290 area support. This situation is consistent with the situation on April 23. Therefore, gold may once again replicate the trend of April 23, start to stop falling and rebound using the 2290 area as support, and may build a new upward channel in the short term (the trend is as shown in the figure).
Therefore, in short-term trading, I will gradually go long gold below 2300 in batches.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. !
gold buy signalGold Price: Current Pricing, Prices Chart & Rate Graph\
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now buy 2296
tp1 2300
tp2 2304
tp3 2308
tp4 2312
tp5 2316
tp6 2330
Gold XAUUSD Day trading Uptrend {30/04/2024}Educational Analysis says Gold XAUUSD may move in this range for some time according to my technical.
Broker -
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the 15-minute time frame has made Change of Character show signs of weakness of the bear run, maybe long for the premium level in the 4-hour time frame, plus 1 min time frame has turned bullish also has Change of Character look on
So I will be trading this pair for a 1:20.93 risk-reward ratio for long-buying.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Profited $11K, continue to be long goldToday we made a nice profit on both long and short gold trades. First, we shorted gold near 2337 and 2342, and gold hit TP during the fall: 2330; after gold fell back, we went long gold below 2330, and gold hit TP again during the second bottoming process: 2340,We took profit by hitting TP on both trades, resulting in a profit of over $11K. Today's results are very good for the first trading day of the week.
Gold fluctuated and rebounded today after testing below 2320. We can see from the recent gold trend that although the gold trend is relatively weak, gold has repeatedly rebounded after testing support, and multiple long lower shadow lines have appeared below, proving that the buying support below is strong. As for the short-term structure of gold, gold has successfully built a double-bottom structure during its bottom-out and recovery process, which is conducive to gold's continued rebound. As the recent lows continue to move upward, gold has formed a perfect upward channel in the short-term structure, and gold is expected to continue its rebound.
The current short-term resistance of gold is in the 2350-2355 area. If gold breaks through this area, gold's short advantage will be gone, and gold will try to hit the upward channel pressure area of 2360-2365.If gold continues its rebound and breaks through this area, gold will have the opportunity to try to touch above 2390 again, or even 2400.
Therefore, in the next short-term trading, we will change our trading strategy as the market trend changes. In short-term trading, we will mainly go long gold on the fallback.Only when gold touches the 2355, 2365 position area for the first time, we may have the opportunity to strive for gold correction profits.
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. !
Mainly go long gold in the 2320 support areaToday, gold fluctuated and recovered after testing near the 2319 position. It hit near the 2344 position and then stagnated again. Gold is currently trading near the 2335 position. At present, we can see that gold as a whole is weakly fluctuating in the 2345-2315 area. What I have given you today is the gold short trading strategy and signals, short gold in the 2336-2340 area and 2340-2345 area respectively. At present, our gold short position has made a good profit.
According to the strength of the current market, it is difficult for both gold bulls and bears to continue, so it is difficult for gold to form a unilateral market in a short period of time. However, gold has been supported in the 2320-2315 area many times, indicating that the buying support below is strong.Then if gold has sufficient buying power, it still has room to try to hit the 2355-2360 area. Once gold breaks through this area, gold's short advantage will disappear, and it may even try to test the 2390-2400 area again.
In the current market trading, if gold does not make a strong breakthrough, then gold can still be regarded as oscillating in the 2345-2315 area as a whole. Then our trading rhythm is very simple, and we carry out high-sell and low-slag operations in this area. In addition, what needs to be noted in trading is that if you have profits, you must harvest them in time. Don't always covet the profits at the lowest point and the highest point. We will be satisfied if we can get most of the profits in the middle.
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. !
Can gold continue to be long?Gold once dipped deeply on Friday, but overall it still held the 2310 line. The bulls held the 2310 line. The overall thinking was bullish.
The gold four-hour line is still bullish overall, showing an arc bottom shape. At least the K-line is still above the moving average. Even if the K-line is tested downward, it maintains a strong upward rhythm, and the K-line itself is also a support point near 2330.
Trading strategy: Gold 2326 long, stop loss 2316, target 2340
The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.
Gold Again Above Support , Good Chance To Buy It This Week ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Xauusd up Gold News: Read the Latest Analysis on XAU/USD
Gold, Silver Price Outlook: Precious Metals Seek Directional Cue
Implied gold volatility (GVZ) has experienced a notable drop now that the risk of a broader conflict in the Middle East has subsided massively. As a natural result, gold prices have pulled back but remain at elevated levels. Gold bulls may be looking to a slightly weaker dollar in anticipation of a bullish continuation for the metal but in recent weeks, gold has appeared detached from its usual inverse relationship with the greenback as the two have risen together.
Gold 30-Day Implied Volatility
Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2338
Target 2370
Analysis of gold trend outlook
The fundamental outlook for gold is less positive, as is its near-term technical price action. If gold prices close this month below $2,300 an ounce,
Next week will be an important test for gold. This level has become an important pivot point.
Gold appears to be overbought on the monthly chart, and a midweek close below $2,300 would cast a considerable shadow on the upside and potentially spell trouble for some bulls.
Gold price action so far has been described as a healthy correction. The next major support level is expected to be around $2,255 an ounce. Staying above this level would send a signal to the market that the pullback is nothing more than a weak correction in a strong uptrend. While the Fed and Friday's non-farm payrolls report will be next week's two major economic events, there's still a lot of data coming out that will add to volatility next week.
Still, the central theme remains the tug-of-war between economic growth and inflation.
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Gold trend analysis and trading advice
The price of gold rose to a maximum of $2,352 today. It was hindered by resistance from above and could not continue to rise. Subsequently, it was affected by the annual rate of the core PCE price index in March and now maintains a downward trend. The market situation is changing rapidly, so it is particularly important to accurately judge the impact of the news and grasp the rhythm at this time. If an individual trades blindly, the probability of losing money will be very high. Only by grasping the market trend can you be invincible in trading.
The latest important support and resistance levels for gold prices:
Support level: $2310; $2295;
Resistance: $2,361; $2,372
Trading operations: Go short after gold rebounds and go long after it falls.
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Gold bottoms out and rebounds, long trade wins
Gold closed up $16.49, or 0.71%, on Thursday to close at $2,332.30.
On April 26, spot gold accelerated its short-term rise, with the price just breaking through $2,345.
Gold short-term technical outlook analysis
U.S. first-quarter GDP data was lower than expected, causing concern. Gold maintained modest gains.
Generally speaking, gold tends to benefit in a risk-averse environment, which tilts the risk to the upside. In the short term, gold prices offer a neutral to bullish stance based on the 4-hour chart.
Gold prices currently face resistance at the April 25 high of $2,344. If this level is exceeded, gold prices will target the $2,352 level, followed by the $2,400 mark.
The latest important support and resistance levels for gold prices:
Support level: $2310; $2292;
Resistance: $2352; $2368;
Gold prices are expected to fluctuate and rise today.
Trading strategy: Go short after gold rebounds and go long after it falls.
It is recommended to go short near $2345-2350
Or going long near $2320-2310 is also a good choice.
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone will no longer be confused when trading. I hope that with my help, everyone can achieve good results!