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.
Xauusdbuy
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.
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
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.
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!
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!
Xauusd 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 2339
Target 2370
Gold April 26 2024Today is Thursday April 25 6:30pm EST. Here is the daily prediction for tomorrow's price action in the gold market.
Caution: Yesterdays prediction could not have been better. Members have made quite a lot and its easy to become over confident. Tomorrow is Friday and we've been trading in somewhat of a tight range. I expect a big fake move to the upside to catch traders who did not participate in the multiple long opportunities so far this week. Then take them out of the market by dropping the price lower.
This is some psychology behind the move.
gold buy signalGold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.
Generally speaking, Gold tends to benefit against the USD in a risk-averse environment, which skews the risk to the upside. In the near term, and according to the 4-hour chart, XAU/USD offers a neutral-to-bullish stance. The Momentum indicator is losing its upward strength but holds above its 100 line, while the RSI indicator consolidates around 47, reflecting the absence of apparent directional strength. At the same time, a mildly bullish 100 SMA provides dynamic resistance at around $2,343.50, while the 20 SMA aims lower below the current level
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 2335
tp 2369
Gold price has reached the accumulation thresholdGOLD presently has symptoms and symptoms of the moon returning to be pretty strong. With today`s buying and selling rhythm, I will purchase in keeping with the fashion from M5>H1. And Canh Sell Theo resists and Rsi, everyone
>Gold Currently Everyone Watches Gold Following Resistance on the Should and Rsi Over Buy. This Gold Selling Rhythm Everyone can watch the Selling from 3>five costs for me.
>Current Trend Gold will maximum in all likelihood growth through 235x once more today.
Canh Buy 2326>2330
SL 2324
City 2338>2348.
>Attention. Sell accompanied Rsi and resisted. Mainstream Buy in keeping with Main Trends 👌👌
----NEWS------
In latest sessions, gold charges struggled strongly withinside the context of the marketplace looking ahead to crucial financial information to recognise extra approximately the coverage course of americaA Federal Reserve (FED).
US gross home product (GDP) information and private intake expenditure (PCE) reviews may be launched on Thursday and Friday (US time), respectively. Traders are anticipating the Fed`s first hobby charge reduce to take region in September.
Matt Simpson - senior analyst at City Index - stated that gold charges should fall sharply if reviews display that americaA economic system stays resilient. Any symptoms and symptoms of sudden will increase will boom the Fed's cappotential to hold advantageous financial coverage for an extended duration of time. That will push the USD and US bond yields up and gold charges down.
OANDA senior marketplace analyst Kelvin Wong commented that even though gold charges have slipped in some sessions, the technical attitude suggests the opposite:
“Gold's fee motion has formed an average reversion decline after checking out intermediate resistance at $2,420/ounce. Gold charges fell 2.7% on Monday April 22 - the worst day by day overall performance in view that June 13, 2022 (almost 2 years) and persisted to increase losses withinside the Asian buying and selling consultation on April 23.
Accordingly, the consultation low of 2,291 USD/ounce represents a cumulative lack of 5.8% in comparison to the latest all-time excessive of spot gold fee (2,431 USD/ounce, April 12).
"Now, the trouble for gold charges lies in whether or not the upward fashion has ended or not" - the professional asked.
To get the answer, Mr. Wong emphasised a few technical indicators. He believes that those are symptoms and symptoms that gold charges will boom withinside the medium time period.
The 50-day shifting average (MA) has a tendency to preserve to assist spot gold charges.
“Based on a technical evaluation standpoint, gold charges are nonetheless buying and selling above the 50-day shifting average, consistent with the important thing mid-time period assist sector of $2,260 - $2,210 formerly identified. Besides, the retracement degree withinside the Fibonacci indicator lasts from the bottom degree (October 6, 2023) to the very best degree (April 12, 2024).
Additionally, the day by day RSI stays above key assist after exiting the overbought sector. This suggests that the medium-time period upward fashion of gold charges from the low degree recorded on February 14, 2024 continues to be intact" - the analyst.
Already made $27K in profit, next profitable trading planToday can really be considered a bumper harvest. I participated in 9 long and short short-term transactions during the day. Only two of the transactions totaled a loss of $585. The other transactions were basically all profits after hitting the TP.As of today, the net profit has exceeded $27K. It can be said to be a very good trading result and has greatly exceeded my expectations! I'm very pleased with today's trading results!
Some friends are very fortunate to have followed today’s trading signals, and they have reported that they have made very good profits. Congratulations to everyone! According to the current gold trend pattern, gold has repeatedly tested the support of the 2305-2300 area during the adjustment process and established that the support is effective. As the lows continue to move upward during the shock process, a reliable support has been built in the 2320-2315 area, and formed a short-term bottom structure in this area many times, laying a solid foundation for today's gold rise.
At present, gold's short-term rebound structure has reached its highest point near 2345. Gold has shown signs of getting rid of the shock structure in the 2335-2315 area, so gold still has room to continue its upward rebound. Therefore, in short-term trading, I have always emphasized that we cannot be overly bearish on gold, because the bulls have still not given up. Constantly testing and building solid bottom support during the callback process will be more conducive to gold going higher during the rebound process.
So now we first focus on the support in the 2325-2320 area below, and the resistance in the 2350-2360 area above. According to the current form, it is entirely possible for gold to hit 2350 or even 2360. Of course, there will be recurrences in gold during this process, so as long as we grasp the rhythm in the transaction, both the long and short parties will still have good profit opportunities.we will even get better profits than today!
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!
Today’s Gold Up and Down Trading Strategy
Gold technical prospects are analyzed.Spot gold suddenly fell to $2,305 in the short term and then rebounded to around $2,320.
The near-term outlook for gold has turned neutral, with bulls seemingly unwilling to give up.
On Thursday, the U.S. will publish preliminary first-quarter gross domestic product (GDP) data, which is expected to show annualized growth of 2.5% in the three months to March. Gold prices are trading between the 20-period SMA and Trading below the 100-period SMA, with the former accelerating below the latter, is often seen as a signal of increased selling pressure. Meanwhile, technical indicators remain negative, the momentum indicator is rising, and the Relative Strength Index (RSI) is consolidating around 43.
If gold prices break through $2343.00, this will halt the bearish correction and push gold prices back to the main bullish trajectory.
The latest important support and resistance levels for gold prices:
Support levels: $2310.00; $2295.20; $2282.90
Resistance: $2343.30; $2361.55; $2372.90
Today's expectations for gold prices are mostly volatile.
Trading idea: Trade short gold after a rebound, or trade long after a decline.
I share trading strategies and trading ideas every day. ⬇⬇⬇Get detailed trading signals so that everyone is no longer confused when trading. I hope that with my help, everyone can get good results!
XAUUSDSAXO:XAUUSD FOREXCOM:XAUUSD EIGHTCAP:XAUUSD
After a somewhat bullish run on OANDA:XAUUSD , we are starting to see a deep retracement into unmitigated sponsored demand zone around the 2296.399 to 2279.660.
Price upon reaching this zone has been unable to proceed lower indicating absorption and exhaustion of selling pressure also accompanied by a break of structure to the upside on the 1H timeframe.
I'll be looking to continue the buy when price revisits the new 1H bullish leg
7 consecutive intraday trading wins, then go long gold!Today, I shorted gold near 2330 many times and went long gold in the 2318-2315 area many times. I achieved 7 consecutive short-term trading wins during the day and made a total profit of more than $19K. It should be regarded as a relatively good short-term trading result!
During the rebound, gold continued to rise with a strong positive line, reaching the highest level near 2337. The rebound strength increased, and the market bulls were eager to try again. Judging from the short-term trend, although gold has fallen back many times after rebounding, it has found support in the area near 2315. As the lows continue to move upward, gold has obvious signs of concussion and bottoming. Now, gold is constantly testing and consolidating the support in the area near 2320 during the decline. If the support is tested once it is effective, then gold will initially have the conditions to attack the 2350-2355 area again.
Therefore, according to the current gold trend pattern, since gold has shown signs of oscillating and bottoming out, and has shown strong resilience during its decline, we still cannot be overly bearish on gold in short-term trading.We might as well try to go long gold in the 2325-2320 area.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
Gold is still in a correction, please refer to my predictionYesterday I turned into busy with non-public subjects and couldn`t percentage the transaction with the complete family. Tonight I will set up to take a seat down on Zoom to manual and chat with the complete family.
>Currently, Gold Overall, I see it's far sideways withinside the fee variety from 231x>2330. Currently, in line with the H4 Trend, I suppose Gold will nevertheless be capable of lower further. With this momentum, I will advise in 2 instructions in order that if Gold breaks thru an Up or Down span, it will likely be smooth for anyone to handle.
>Can Buy Gold round 2314>2218
SL 2310
City 2326>2336
>Sell Gold on region 2330>2334
SL 2338
City 2324>2314.
>If Gold these days breaks thru the 2338 sector or drops beyond 2310, I will replace more. In contemporary Asia-Europe session, anyone need to observe this slope to trade
-----NEWS-----
Gold fee forecast
However, professionals on Kitco trust that it's far essential to display greater gold fees this week to decide gold developments withinside the close to future.
Besides, a few weaker financial statistics from americaA is assisting gold fees. The US provider and production sectors misplaced momentum.
S&P Global stated its initial shopping managers` index for the U.S. offerings region fell to 50.nine from 51.7 in March.
In the lengthy term, gold remains in an upward trend. However, withinside the quick term, gold may also nevertheless need to witness a deeper correction due to the fact the decline withinside the first periods of the week is not anything as compared to the lengthy boom because the quit of December closing year.
------
Xauusd buy Gold News: Read the Latest Analysis on XAU/USD
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 2329
Target 2333
Target 2337
Target 2341
Target 2360
Go long gold directly, targeting the 2325-2330 area.During the day, gold fell back from above 2330, and the current lowest has touched around 2312. The current short-term trend has started to stop falling after multiple long upper shadow lines appeared during the continuous downward trend. During the decline, the energy of the bulls still showed strong resilience, and the short-term trend began to fluctuate and build a bottom. Although the overall trend was bearish, But after the rebound, there will be better room to fall.
So in terms of short-term trading, if you read my last article, you should consider following me to do long gold in the 2316-2314 area, TP: 2325. If you have not participated in the transaction,I still insist on the short-term long gold view and boldly go long gold in the 2316-2314 area. After gold rebounds to the 2325-2330 area, I will consider backhand shorting gold.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
Gold shocks bottom and is expected to return to bullsGold technical analysis: Yesterday's gold market trend was highly consistent with our expectations. We emphasized the change in the rhythm of long and short, and believed that there is a possibility of rising after the decline. In fact, after the second rise, the price of gold failed to break through the high of 2331 for the time being, and finally closed around 2322.
According to the current trend, gold may remain volatile and strong today and may continue to rise. Although the market has changed significantly recently, we always believe that the bullish trend of gold has not changed until it fails to effectively break through 2250. Therefore, we will continue to focus on gold's upside potential in Wednesday's trading. According to trend strength analysis, gold may take this opportunity to rebound and close higher, rising further to the moving average suppression point near 2354/2360, or even higher.
It is necessary to control positions and stop loss issues, set stop losses strictly, and never resist orders. The recent market turmoil has been relatively large, and opportunities and risks coexist. Control risks and gain profits.