XAUUSD: Today's analysis and operational strategy
Today, gold opened low to 1978, and after briefly falling to the $1973 line, supported by technical buying and rose to strong volatility, but the day is still under pressure in the high fall pressure on Friday, if the market can not strengthen again to refresh the high point on Friday, there is a pullback to fill the expected prospect. Gold technical analysis, on the daily line, gold did not rise sharply on Friday, after touching a high intra-day fall, recorded a small Yin with a long shadow line, on the daily line, gold is currently a short-term decline, or will test the MA10 daily average; Overall, gold is currently in a short-term downward trend!
Strategy reference: High probability scenario: Bearish below 1985, target 1973-1865. Low probability scenario: bullish above 1985, target 1993-1997.
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
Xauusdforex
Aim to earn at least 10 pointsIt is now 11:30 am, I have announced my current trading plan in the channel, and I have executed the transaction according to my own trading plan and logic, so the next thing we have to do is to wait patiently for profits. I believe this deal can bring us a relatively substantial profit.
Gold is currently trading near the 1977 position. Looking at today's gold trend pattern, gold's downward momentum has slowed down in the short term, and there are multiple supports below. First, the short-term support below is near the 1975 position, and secondly, focus on the support near the integer mark 1970. As long as gold remains above 1968, gold may organize a continued upward attack at any time to support gold's continued rebound, and the current short-term resistance of gold is in the 1988-1990 area. . Therefore, there is still a relatively good opportunity to go long gold, and when gold rebounds to the target area, we can consider backhand shorting gold at a high level.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
XAUUSD: Trend analysis and operation strategy
Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band continued to close flat, the surge in international gold prices broke through the resistance of the first line of the medium rail, and successfully stood firm above the medium rail, the morning opening price continued to rise, there is a trend of further higher in the short term, and this wave of rebound prices once again hit $2000 is not a problem. 4 hours, the Bollinger belt opening up, the price of gold to maintain the upward trend of shock, the whole direction is still mainly, the recent trend of gold is relatively strong, the pullback is expected to be not too much, short-term attention to yesterday's rise after the pullback near the low point of support, that is, the 1980 line of support, waiting for the price pullback to do more.
Spot gold operation recommendations:
Strategy 1: Callback 1976-1980 near multiple single entry, stop loss of $6, the target 1992-1995 line;
Strategy 2: Rebound 1995-1992 near the short single entry, stop loss of $6, the target of 1980-1975 line.
If you are confused about trading, please join me, I believe you will have a great harvest!
💯GOLDEN PLAN DAILY November 17: FOLLOWING BUY💯GOLDEN PLAN DAILY November 17
👉 Gold prices increased today as they were boosted by falling US Treasury bond yields amid the prospect that the US Federal Reserve (Fed) has completed its interest rate hike cycle and will proceed with interest rate cuts. in the spring of the following year increased even more.
👉 Last night when the number of applications for unemployment benefits increased from 217K last week to 231K.Wal-Mart also warned that sales experienced a "sharp decline" in the last two weeks of October, suggesting consumers are slowing down. The CEO also said he sees possible deflation in the coming months.
The Philadelphia Fed manufacturing index was stronger than expected but expectations fell sharply and price figures were weaker. That has led to widespread weakness in the US dollar.
👉 Signs of slowing inflation have prompted investors to bet that the Fed is done raising interest rates. Lower interest rates will increase the appeal of non-interest-bearing assets like gold.
👉 TECHNICAL COMMENTARY: Gold is continuing to move in a strong upward price channel. In the short term, the price can still continue to increase to 2000. Today I will prioritize Buy orders when the price touches bifo 0.618 and the CP + support zone is at 1972
📌Trading plan:
🔽 Sell Gold Entry: 1991 - 1993
SL 1996
TP 1984 -1972
🔼 Buy Gold Entry: 1972 -1970
Sl 1967
TP 1979 – 1984 – 1993 -2000
XAUUSD: Technical analysis and operational strategy
Gold came under selling pressure on Wednesday as US retail sales fell at a slower pace than expected in October. The reason for the pullback in spot gold after hitting a weekly high of 1975, failing to hold above $1970, is mainly due to the rebound in the US dollar and the rebound in US Treasury yields. Spot gold fell on Wednesday, retreating from a high of $1,973 to near $1,955. After the opening of this trading day, gold prices still continued to weaken, trading around $1966. On the 4-hour chart, gold remains above the 20-cycle SMA, suggesting upside potential. Technical indicators, however, give mixed signals. The Relative Strength Index (RSI) is trending down, momentum indicators are flattening, and MACD indicators show limited potential. A break below $1,955 would leave gold vulnerable in the short term. If it breaks through $1970 / oz, gold will test the key resistance level of $1975 / oz. In the short term, the operation tends to be in the 1955-1975 interval, waiting for the break of the weekly line interval tomorrow, and then make arrangements!
Spot gold operation recommendations:
Strategy one: Callback 1956-1958 near multiple single entry, stop loss of 6 dollars, the target 1970-1972 line;
Strategy two: Rebound 1972-1970 near the short entry, stop loss of $6, the target 1958-1956 line.
If you are confused about trading, please join me, I believe you will have a great harvest!
He predicts that the price of gold will fall by 1950.Gold prices fell below key levels in Asian trading on Tuesday as traders turned to the dollar ahead of U.S. inflation data that is widely expected to confirm certain interest rate trends.
Profit-taking has been active in the yellow metal over the past two weeks, pushing its price to its lowest level in more than three weeks, as prospects for higher long-term U.S. interest rates weaken the yellow metal's outlook.
As of 12:32 pm ET, spot gold was down 0.1% at $1,944.71 an ounce, and December gold futures were down 0.1% at $1,948.25 an ounce. .
Focus is on rising US CPI, dollar and yields
Gold prices came under pressure from a stronger dollar and U.S. Treasury yields as markets focused primarily on interest rate-sensitive assets ahead of consumer price index inflation data later this month.
Statistics show that inflation is expected to slow in October after it has exceeded expectations over the past two months. The news also came shortly after many Federal Reserve officials warned that high inflation could incentivize banks to raise rates further.
A longer period of interest rates is expected to increase the opportunity cost of investing in gold bullion, putting downward pressure on the gold price. This trade had a negative impact on gold last year, leaving the outlook for gold uncertain.
But predictions of a slowdown in the global economy have put some buyers of the yellow metal on hold. Statistics released later in the day are expected to show the eurozone entering a technical recession in the third quarter. The ongoing war between Israel and Hamas is also expected to boost demand for gold as a safe-haven asset, but traders have started pricing in the yellow metal as much less risky in the past two weeks. .
GOLD SELLERS May be getting Over-Confident UPDATE - in this current area (purple circle) it appears that price is sticking around for some time
My question to you is - who do you think will increasingly become interested at this area (purple circle)
In my opinion it is buyers
Meaning their stop losses might be below the zone (purple line)
BUT
That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?
I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)
Who do you think is all riled up right now? SELLERS
Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying
Sellers are interested in the break out
if the dealer creates that breakout sellers will sell
The question is - will he continue to sell?
My advice is to continue to wait for CPI to occur and let's see what is what from thereUPDATE - in this current area (purple circle) it appears that price is sticking around for some time
My question to you is - who do you think will increasingly become interested at this area (purple circle)
In my opinion it is buyers
Meaning their stop losses might be below the zone (purple line)
BUT
That is not all - Who would be interested in price breaking below that zone because the market has been bearish for the past few days?
I think sellers because remember I told you in my analysis a few days ago - the dealer has to give sellers a win because he doesn't want them to become smart and stop going against the direction (counter trend)
Who do you think is all riled up right now? SELLERS
Don't believe me? go in the Gold live trading chat on tradingview and read what everyone is saying
Sellers are interested in the break out
if the dealer creates that breakout sellers will sell
The question is - will he continue to sell?
My advice is to continue to wait for CPI to occur and let's see what is what from there
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Lien and Retracement. It has Completed the Impulsive Waves " 12345 " and " abc " Corrective Waves and Started Rejecting from the Fibonacci Level - 38.20%
Entry Precautions :
Wait for the Proper Breakout and Retest
Going long gold has begunIt is now 8:46 in the morning. I have announced my trading plan and trading signals on the channel, and I have executed the transaction according to my trading plan, so then we just wait for the profit.I believe we can get a pretty good bang for our buck on this deal.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
GOLD PLAN UPDATE: FOLLOW SELL💯UPDATE DAILY GOLD PLAN November 7
👉 World gold prices dropped quite sharply as investors turned their attention to assets with higher risk such as stocks, in the context of the market waiting for a statement from the US Federal Reserve (Fed) organizations. this week, including Chairman Jerome Powell, to look for new signals on interest rates.
👉 The need for defense will gradually decrease when there are no new major escalation forums in the war between Israel and the Palestinian Hamas force. Investors are no longer interested in safe assets like gold as they were when the war first broke out in early October. Instead, they are attracted by the strong rise of the stock market, as evidenced by The US had the enhanced version of the 6-link chain arriving on Monday.
👉 A report by Heraeus Metals company stated that for gold prices to maintain a sustainable level of 2,000 USD/oz, two important catalysts are needed. The second is a signal that the Fed is rearranging its interest rate cuts, and the second is the net return of gold exchange-traded funds (ETFs).
👉 TECHNICAL COMMENTARY: Gold has developed through the rising price channel in the h4 frame and is finding deeper support areas. Priority order Sell before touching hardware 1950
👉Make a trading plan:
🔽 Sell Gold Zone: 1992-1994
SL 1997
City 1980 - 1970 -1961
🔽 Selling Gold Zone: 1980-1982
SL 1986
City 1975 - 1970 -1961
🔼 Buy Gold Zone: 1965 -1963
1960
City 1971- 1976 -1980
Gold prices are trending lower, with mixed trends related to the Commodity markets have experienced significant volatility due to a variety of factors, including global economic concerns, weather-related impacts, production forecasts, and speculation related to reserve interest decisions. united states of america. There were signs that the US Federal Reserve's interest rate hike cycle was over, increasing market optimism.
The Fed kept interest rates within its target range of 5.25% to 5.5%, supported by Chairman Powell's comments that met market expectations and stimulated risk appetite. Anadolu Agency reported the decision last week. Various trends are observed in the precious metals sector. Gold and palladium fell 0.6% and 0.3%, respectively, while silver and platinum rose 0.4% and 2.9%, respectively.
In the energy market, Brent crude oil prices fell by his 4.2%, but this decline was offset by his 11.1% rise in natural gas prices on the New York Mercantile Exchange.
Other commodities such as copper, lead, aluminum and zinc also rose in price, in contrast to last week's 1.5% drop in nickel prices.
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Wave and Corrective Wave " abc ". Bearish Channel in Short Time Frame and Breakout the Upper Trend Line and Completed the Retracement for Channel and Break of Structure
Entry Precaution :
Wait for the Proper Rejection Price Action
XAUUSD: This week's summary and next week's trading ideas
Recent spot gold trend is strong, the situation in the Middle East brought about by the risk aversion to the gold price constitutes obvious support, gold bulls stood on Friday 2000 US dollars, once on the 2008 US dollars.
On the evening of the 28th, Israel again bombed a house in Gaza. On the 27th, the United Nations adopted a draft resolution on the Palestinian-Israeli issue, calling for a truce. In addition, Friday's events between India and Pakistan, northern Myanmar, and the US air strike on Syria have brought new variables to the geopolitical risk.
However, the US economy remains strong, the data released in the week showed that the US GDP grew by 4.9% in the third quarter, and the pressure on the Federal Reserve to raise interest rates further remains, which has a certain pressure on gold prices. Gold has recently shown a strong upward trend, although it has retreated in the short term, but the overall trend remains upward.
It is expected that the market will usher in a large probability of continued rise in the future. Next Monday's operation is recommended to be mainly low.
Gold:buy@2000-2002 tp 2015-2023
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD UPTRENT CONTINUE V BOTTOM 29.10Reason Behind XAUUSD Bullish Continue
1. Market Clearly Breaked Trendline @ 1925
2. Uptrend Continued since it breaked the Resis 1060 later 1980
3. Single Bullish Spinning Top candle confirms the further High
4. Three white Soldiers Confirms the asset make the correction and move the Swing High
5. Continue V Bottom Confirms the futher Pullback and retest @ 1980 and make Ath
Overall Possible Outcomes
XAUUSD BUY @ 1980-90
SL 1960
XAUUSD: Watch the impact of preliminary data on gold
Today, gold peaked in 1997, hit 2000 points failed, the current price of 1985, focus on the impact of initial jobless claims data, we can choose to operate after the data.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Monday's market is down, trading enthusiasm is not high!
Today, gold jumped low, the lowest point was 1963, followed by a short time to rise to near 1972, the highest point was 1983.
All day oscillating market, we all day between 1975-1980 dips, dips short, trading is mainly short-term operation, the overall profit is relatively good!
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD 12/10 MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed Impulse Correction ( ABC ) Impulse. Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Breakout the Lower Trend Line. It has Completed the Break of Structure and it will Completed its retracement Previous Support or Fibonacci - 78.60%
Entry Precautions :
Wait until it Rejects Bullish Trend with Strong Bearish Price Action