Swing short selling of goldDear friends, the current gold market has become an irrational market due to risk aversion and trend-following sentiments, so it is relatively more complex. Gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and then rebounded slightly. As of now, gold is trading near 2251.
According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's 2256-2258 area will be a very critical position. If gold cannot break through this area during the local rebound, then gold will still need to continue its correction.
So in terms of short-term trading, I will try to short gold in small batches in the 2253-2258 area. If gold can build a local double-top structure, the demand for a gold correction will be clearer; on the other hand, when gold is near and above 2260 , I personally will avoid chasing long gold, and I will still look for suitable opportunities to short gold to avoid funds being trapped at high levels.
So relatively speaking, when others were extremely crazy about chasing gold, I changed the direction and started looking for opportunities to short gold;I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Xauusddaily
Continue to short gold below the 2258 positionDear friends, gold hit a high of 2265 overnight and then fell back. Then gold stopped falling near 2229 and rebounded slightly again. As of now, gold is trading near 2251.According to the current gold trend, there is no doubt that gold still maintains a trend upward trend, so overall gold still maintains a intact upward pattern. But in the short term, today's 2256-2258 area will be a very critical position. If gold cannot break through this area during the local rebound, then gold will still need to continue its correction.
So in terms of short-term trading, I will try to short gold in small batches in the 2253-2258 area. If gold can build a local double-top structure, the demand for a gold correction will be clearer; on the other hand, when gold is near and above 2260 , I personally will avoid chasing long gold, and I will still look for suitable opportunities to short gold to avoid funds being trapped at high levels.
So relatively speaking, when others were extremely crazy about chasing gold, I changed the trend and began to insist on shorting gold at high levels; I share detailed trading ideas and trading strategies every day, hoping to help all followers to be successful in the market. Keep making profits! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Continue shorting gold and reap good profitsDear friends, today we shorted gold in the 2263-2265 area and set TP: 2245, making a profit of 18 points and successfully making a profit of 10K, which is a good gain. After touching 2245TP, I used small batch trading lots to chase short gold at 2246 and 2237 respectively, and set TP: 2225. Because gold only touched the lowest position near 2228, these two transactions have not ended yet.but overall there is still a floating profit of 1K.
According to the current trend, although gold has strongly touched a new high of 2265, relatively speaking, I do not advocate continuing to chase long gold at high levels. At present, the hourly and 4-hour graphics show that gold has not yet been adjusted in place, and there is still room for adjustment. This is why I set 2225TP above. Moreover, the sustainability of the risk-off market remains to be considered. Once gold confirms a short-term top, the magnitude of the decline cannot be underestimated.
So relatively speaking, I still insist on shorting gold at high levels; I share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Short gold first, then plan to go long goldDear friends, gold has repeatedly broken new highs and hit the 2265 line. At present, gold still maintains a strong unilateral upward trend. However, as far as current trading is concerned, I do not advocate continuing to cash long gold. Because gold continues to be very overbought and deviates too far from technical indicators, there is currently a short-term need for a callback to repair indicators.
So I have clearly informed everyone that we can try to short gold in the 2163-2165 area in small batches (the specific content of the trading signals is in the channel at the bottom of the article). First try to seize the profits of the short-term correction of gold. After the correction of gold is in place,we will still follow the gold trend and be long gold. In this way, we can grasp the profits of both long and short sides,
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
Gold will also test the 2180 area, don’t rush to chase long goldDear friends, there must be only one question for everyone now, and that is, will gold continue to fall?
I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again.
So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Go long gold first, then go short goldDear friends, in today's gold trading, I successfully grabbed more than 43 points of profit, and made a total profit of more than 28K in gold trading today. I believe that if you have followed my trading signals, you will have a very good trading result as well. So how should we participate in gold trading next? From a graphic point of view, it can be found that gold's current bottom trend line support is in the 2165-2160 area, while the short-term support is in the 2172-2168 area, so gold may rebound again after touching these two areas.
So relatively speaking, in gold trading, we can first go long gold based on the short-term support area, and the target can be 2185 and 2195. Of course, after gold rebounds to these two target positions, we can also consider shorting gold in this position area.
There are many options for trading now, so you can still make a lot of profits from it. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Gold charges extrade little; Copper additionally dropped sharplyGold awaits PCE information - the Fed`s desired inflation measure - due out this Friday. This information is broadly anticipated to persuade the Fed's outlook on hobby quotes.
Gold is anticipated to stand a few resistance withinside the close to term, in particular if difficult inflation information indicates the Fed's plans to reduce hobby quotes this yr can be delayed. Last week, the crucial financial institution signaled that it plans to reduce hobby quotes through seventy five foundation factors through 2024, despite the fact that this stays depending on inflation.
Comments from pinnacle Fed officials—such as Chairman Jerome Powell and FOMC member Mary Daly—can also be to be had later this week.
Any sign of better hobby quotes for longer may want to stress metals markets.
Other valuable metals misplaced floor on Tuesday. Platinum futures fell 0.2% to $914.60 an ounce, whilst silver futures fell 0.4% to $24.802 an ounce.
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Must check before the US market opens. Otherwise you will regret
Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion.
After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price.
Additional operating instructions at the bottom.
Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3.
Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY
Gold Price Trading: Sell at 2171-2179
tp2157-2160
sl2186
Transactions are risky, so please be cautious!
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
Gold price today (March 20): Slightly increasedWorld gold costs remained nearly unchanged as compared to radiant gold for fast delivery, down three USD to 2,158 USD/ounce. Gold futures remaining traded at $2,161.30 an ounce, down $three.60 from the intense spot.
Gold held consistent on Tuesday as advisors remained on side at the principle US Federal Reserve (Fed) assembly this Wednesday. The convention is predicted to offer extra issues approximately the timing of hobby charge cuts this year.
Currently, the marketplace should ensure that the Fed will hold hobby quotes at this assembly. What is predicted in funding is monetary reviews and charge updates of deliberate policies.
Despite the pressure, gold stays on the assist degree of 2,a hundred and fifty USD/ounce. KCM Trade leader analyst Tim Waterer stated that gold`s short-time period course will rely upon the tone that Fed Chairman Jerome Powell takes at this week's coverage assembly.
According to this expert, if the Fed specializes in the lately introduced CPI, PPI and the energy of the hard work marketplace, hopes for added financial coverage may be extinguished. In that case, gold may also lose assist or even lower in depth.
Gold fees fall earlier than statistics from the USGold charges fell 0.2% to $2,171.06 an oz, at the same time as gold futures expiring in April fell 0.3% to $2,175.35 an oz with the aid of using 01:27 ET (05:27 GMT).
Bullion charges rose to a report excessive of around $2,two hundred an oz on the begin of the week, however noticed speedy consolidation after hotter-than-anticipated patron fee index information introduced again issues approximately excessive hobby prices. . market.
The sturdy CPI analyzing indicates a shift in attention to approaching readings on PPI inflation and retail sales, due out in a while Thursday. Both are anticipated to steer the Federal Reserve`s hobby fee outlook.
The information additionally got here in advance of subsequent week's Fed meeting, in which the valuable financial institution is broadly anticipated to hold hobby prices consistent and signaled no on the spot plans to start easing policy.
A collection of Fed officers have warned that hobby fee cuts may be in large part decided with the aid of using inflation withinside the coming months.
Other valuable metals consolidated in advance of upcoming information. Platinum futures fell 0.4% to $942.forty five an oz, at the same time as silver futures had been consistent at $25,one hundred seventy an oz.
GOLD forecast (XAU/USD) tomorrow and this weekGold is a commodity and an global equivalent, tied to the fee of world currencies and different assets. The benefits of gold are that it's far to be had in restrained quantities, has business uses, and is used as a part of the gold and forex reserves of many vital banks. Unlike currencies and stocks, gold will in no way lose fee. On the contrary, due to the fact gold is rare, it's going to best get extra costly withinside the lengthy run. The position of gold in buying and selling relies upon on lengthy-time period investment. This is a shielding asset; Its charge will increase in the course of worldwide crises, whilst the charges of inventory indexes and currencies towards the USD fall. When the worldwide financial system is developing positively, gold charges decrease.
How To Trade Gold On CPI News DataAs a Gold Trader understanding and interpreting CPI data is crucial for making informed trading decisions. Here's a guide on how to read CPI data and a trade idea based on potential CPI outcomes:
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Understanding CPI Data:
CPI Basics: The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.
Core CPI: Core CPI excludes volatile items like energy and food, providing a clearer view of inflation trends.
Gold's Reaction: Gold is often seen as an inflation hedge. A rise in CPI may lower real interest rates, which can be positive for gold prices. However, gold reacts primarily to strong increases in inflation¹.
Trading on CPI Data:
High CPI: A higher-than-expected CPI may strengthen the dollar, putting pressure on gold prices. Consider a short position if CPI is significantly above forecasts.
Low CPI: A lower-than-expected CPI could weaken the dollar and boost gold prices. In this case, a long position may be favorable⁷.
Trade Idea:
Entry: Monitor the CPI release. If CPI is higher than expected, enter a short position; if lower, consider going long.
TP and SL: Set your take profit (TP) near the next resistance level for long positions or support level for shorts. Place your stop loss (SL) just above the recent swing high for shorts or below the swing low for longs.
Position Sizing: Adjust your position size to manage risk effectively, ensuring the SL does not exceed 1-2% of your trading capital.
Example Trade Setup:
If CPI is high: Short gold with SL above the last swing high and TP at the next significant support level.
If CPI is low: Go long on gold with SL below the last swing low and TP at the flag high or next resistance level.
Note :
Always use proper risk management and adjust your strategy based on the actual CPI data and market reaction.
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Remember , CPI data can cause significant volatility in the gold market. Stay informed and be prepared to act quickly following the data release. Good luck! 📈
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XAUUSD: Today's operation idea
Today's gold operation ideas, the first long and then short, relying on Monday's high 2120 near the long, stop loss 2114-2112, the target 2130-2035, after touching 2135, in the 2135-2140 area layout of short orders, stop loss 2144-2146, the target 2120.
If gold 2150 breaks upward, it can chase more 2160-2180, if gold breaks downward, it can chase empty to 2110-2100, and follow the trend!
World gold fees elevated because the Middle East war escalatedGold is visible as a hedge in opposition to financial and geopolitical instability, even as better hobby prices lessen the enchantment of protecting non-yielding gold.
Most policymakers on the maximum current assembly of the United States Federal Reserve (Fed) have been involved approximately the dangers of decreasing hobby prices too soon, with uncertainty approximately whether or not hobby prices will continue to be at their level. present day degrees for the way long, in step with mins from the Fed`s January assembly.
“The Fed isn't always going to decrease or improve hobby prices, so I suppose gold nevertheless has upside potential,” stated Daniel Pavilonis, senior marketplace strategist at RJO Futures.
The Fed will probable decrease hobby prices in June, in step with a majority of economists in a Reuters poll.
The dollar's index weakened, making gold greater appealing to overseas buyers.
The 2024 Gold sell OFF!When analyzing gold versus the dollar, it's evident that we're currently in a downward trend. This week, prices have struggled within the range of 2032 to 2044, and we're presently hovering around 2024.360. During Monday and Tuesday sessions, we anticipate a test of the 2024 support level, possibly dipping towards 2012.
While we may find weekly support around the 2012 mark, if the market closes below it by Friday, we could witness a significant break in the downward trend. In this market environment, I'm primarily scouting for selling opportunities, given the stronger selling momentum compared to buying opportunities. It's crucial to exercise caution with gold due to its high volatility; for those unfamiliar with navigating this volatility, observing the highs and lows of the London session and analyzing price ranges can provide insights. As highlighted in the video, my overall perspective on gold remains bearish. Thanks, everyone.
XAUUSD New Week Buy / Sell ? Pair : XAUUSD ( Gold / U.S Dollar )
Description :
We have Break of Structure and Completed its Retracement
Impulsive Waves " 12345 " and " Corrective Waves " ABC " Completed
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Strong Divergence in RSI