XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Completed the Retracement
Break of Structure
Completed " ABC " Impulsive Wave
Divergence
Exp FIAT as an Correction in Short Time Frame
Fibonacci Level - 61.80%
Xauusdforex
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect GOLD to go DOWN to 1855 LEVEL. Before that, GOLD can go up to 2033 LEVEL with the FOMC UPDATE. Be careful..
Dovish interest rate hike, good harvest in gold trading!The Federal Reserve is dovish and raised interest rates by 25 basis points as scheduled, and gold's short-term increase has expanded to more than US220, reaching as high as 1966.55.In just a few minutes, have you grasped this wave of huge profits?
Before the interest rate decision, I have reminded that the limit price is set around 1945 in advance to order a buy, the take profit is set to 1960, and the stop loss is set to 1942. Only use the loss space of 3 US dollars to gain a profit space of 15 US dollars.Obviously, we got a profit of 15 US dollars.
Why is it necessary to set a limit price in advance to order to buy instead of choosing to sell?I give the following reasons:
1.Due to the spread of the banking crisis and the credit crisis, it is impossible for the Fed to choose to raise interest rates by 50 basis points, otherwise it will cause concerns about the global economy and exacerbate panic; therefore, the Fed will choose to raise interest rates modestly or not, and dovish interest rate increases will support the rise in gold prices.
2.Even if the Fed chooses to raise interest rates by 50 basis points, it will cause concerns about the global economy and the spread of panic will promote the inflow of funds into safe-haven asset gold, so gold will continue to rise after a short-term decline.
3.In addition, multiple supports below the technical side are strong, and there is limited room for gold to fall. After the recent decline, gold has a need to repair and rebound.I don't know how to analyze the technical aspects in detail. You can choose to take a look at the analysis of the previous article.
Based on the above, that's why I chose to set a limit price near 1945 in advance to order a buy, and of course I also achieved good results.Have you kept up with the pace of trading?
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD Gold Next Possible MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame
Completed " 12345 " Impulsive and " ABC " Corrective Wave
Break of Structure
Symmetrical Triangle
Bullish Channel in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
Divergence
XAUUSD Weekly Supply ZoneIn March 2022 Gold peaked to 2068 level which was due to the news of Russia and Ukraine War, but it could not hold the price and then crashed all the way to 1684 zone within few months. Now again the opportunity has come where Gold prices are at peak and everyone is in Fear of missing Out, whereas smart money will try to grab some liquidity from the top and then the prices will land, we might see a sharp wick till the 2070 level or even some more to trap before we land the the ground. Keep an eye on this opportunity.
Gold prices are unable to rebound, can they continue to rise?According to the current trend pattern of gold prices, gold failed to continue its downward trend after falling, rebounded upward after the lower shadow line appeared, and returned to the top of 2000, basically smoothing out the short-term decline, so the short-term buying support is strong.In addition, the Fed's recent dovish bias has also provided some support for gold prices, so it is difficult for gold prices to show a continuation of the decline in the short term.
The current short-term structural kinetic energy has slowed down, fluctuating narrowly near the first line of 2010, and the current rebound power is weak. According to the current technical indicators, there is still a certain amount of room for short-term energy to be released, and in the process of weak rebound, it will also consume short-term energy to a certain extent.
In addition, there are differences in market expectations for interest rate increases, and we still need to wait for intraday US inflation data to find clues to future interest rate increases, and we also need CPI data to bring a new round of market guidance.
Short-term structure: the bottom pays attention to the first-line support of 2007-2006; the top pays attention to the first-line pressure of 2020-2022.
Short-term trading reference:
Pull back to 2008-2007 to buy gold, stop loss 2002, target 2020
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD BUY TREND CONTINUATION 09.04.23Reason Behind Trend Continuation
1. Breaked out the Ascending triangel Pattern @ 1950 and Retesting 1980 Before Making Higher High
2. Bullish Dogo Confirm the Bullish Movement
3. Fundamentally DXY stronger and Make Lower as Low Volume In market
4. Retest the demand Zone and Further Bullish Move
Overall Possible Outcomes
XAUUSD BUY @ 1980-1990
SL 1949
TP 2074
Has the price of gold peaked?Where will the gold price be adjustDue to the impact of the Good Friday market closure and waiting for guidance on non-farm payrolls data, market trading was relatively light.Overall, the US dollar bottomed out and rebounded in the previous trading day, prompting some gold bulls to take profits before the non-farm payrolls data. There is still a risk of further pullback in the short-term gold price. However, because the US dollar is still weak, US bond yields continue to fall, and the market's pessimistic expectations of US non-farm payrolls and other data have increased, and the gold price is still biased towards bulls in the future, so even if the gold price declines from its recent high, gold's bullish tendency has not changed.Therefore, we must pay attention to the support of buying on dips to the gold price.
Judging from the current gold trend, gold will be corrected in the short term, and it is currently under pressure on the first line of 2023-2024. Here, before an effective breakthrough, it will not strengthen and rise, and it is in a certain shock suppression, and there is still room for further pullback.But overall, the pullback correction is also for the bulls to gain momentum.Due to the large fluctuation base, short-term operations test the entry point more, so the entry point must be more accurate, otherwise it will be easy to be wiped out first.
Short-term trading reference:
First, sell gold in batches near the 2015-2018 position, with a stop loss level of 2023 and a take profit level of 2006. If the position is broken, the profit target is 2000.
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Where will the end of gold's rise be?Affected by the extreme market sentiment, gold remained in a high state of volatility during the day, and there was basically not much room for recovery. This also shows that the current market long sentiment and confidence are still very strong.Technically, the pressure of the trend line near 2028-30 has also played a certain suppressing role, but the actual effect is not strong. Under the extreme market sentiment, the room for short-term repair is still not very large.After the release of ADP small non-farm payrolls data, the dollar fell again, which also caused gold to rise again.
Judging from the 1-4-hour level of gold, gold directly broke the original shock range and was strong in the short term, resulting in a very abrupt state of the market. In the previous trend, it is not difficult to find that every time the gold price rises, it will be accompanied by a correction.It's just that the length and magnitude of the correction are not the same. In this way, there will be a correction of the high-level correction during the day, and there should be a correction in the short-term.The hourly line shows that the short-term gold price has risen sharply to get rid of the support level of short-term technical indicators, and the long-term strength is strong, maintaining short-term guidance and reference. The sharp increase during the day exacerbates the overbought price pattern on the hourly line, and there may be strong demand for correction during the day.The decline in gold prices first focuses on the vicinity of the previous high point of 2010. If the gold price stands firmly above 2010, gold in the future will rely on this support and rise again.
Short-term trading reference:
First sell gold in small batches near the 2023-2024 position, with a stop loss level of 2030 and a take profit level of 2010
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
How will Gold rise and fall in the first week of April?The golden Friday first continued to be strong and high volatility, but the volatility was extremely narrow. It was considered a high-level pressure measurement. The upper level was continuously tested three times in 1985 and did not break. During the European market period, the market recovered, but the lower level only retreated to the 1973 line, and then there was a rebound in the shock, but there was still not much recovery momentum. Judging from the recent trend performance of gold and the rhythm of Friday's operation, although gold is more affected by emotions and is slightly stronger, it is difficult for the bulls to gain further recovery momentum. In the case of negative closing on Friday, the lack of continued recovery this week is a sign of insufficient follow-up of the bulls' momentum, which shows that although the market sentiment is extreme and bullish, different views have also emerged.
On the 4-hour chart, the upward channel in the chart is the key pattern. The suppression of the upper channel has withstood the test again on March 31. The current position close to the upper channel is also a good short-term entry position. At present, I am optimistic that gold will step out of a 4-hour bearish flag. The upper channel is the most suitable but slightly aggressive position for the profit-loss ratio, and the follow-up short orders after the lower channel breaks the level are less profitable but more stable.
So next week, in terms of gold operation ideas, I suggest that the rebound will be dominated by short selling at high levels, supplemented by long selling at low levels; the top will pay attention to the resistance of 1985, and the bottom will pay attention to the support of 1962.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Symmetrical Triangle in Long Time Frame as an Corrective Pattern
Double Top
Impulse Correction
Bullish Channel in Short Time Frame as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Divergence
Break of Structure
Completed " abc " Corrective Waves
Rejecting from Fibonacci Level - 78.60%
After the shock structure is over, where will the gold price go?In recent trading days, the volatility of gold has been relatively small, and there have been no major ups and downs. At present, it can be treated as range fluctuations. The rebound is limited and basically the rebound has stopped until a certain point. The same is true yesterday. The rebound to the vicinity of 1975 is still falling downwards, while the short-term support is near the 1950 position.Judging from the recent market trend, a large wave of trend processes must be confirmed twice before a large upward or downward trend can be achieved, so the short-term structure is still to build a shock range.
The current volatility range of gold has gradually narrowed to within the range of 1950-1975!Without the stimulus of news events, the probability of gold breaking the level is very small, and it will continue to go back and forth within the range.At present, the previous low level of the price of gold has become an effective support. It is not certain whether it can support the rise again, but it is certain that there is no room for the price of gold to fall again, and the potential energy is even more weak. The downward extension of strong support is located in the 1935-1933 area.At present, the 4-hour chart has entered the contraction and shock of the triangular range, and it has been maintained in the range for a short period of time. It has broken through and stood firm at 1975, so the bulls can continue to see the high of 1980-1986.For the time being, the top pays attention to the pressure of 1970-1975, and the bottom pays attention to the support of 1952-1955.
Short-term trading reference:
1.Sell gold near the 1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1954 position, the stop loss level is 1949, and the take profit level is near 1968
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Silver: buy up
The daily chart indicates that silver has returned above $22.0, suggesting a short-term trend reversal. However, silver is still constrained by the downtrend line, implying that it may still be in a pullback cycle since 30.0, with limited upside potential. Investors may focus on the performance of silver in the densely traded range of 23.0-24.5.
Specific trading strategy: Buy at 22.5-23 with a take profit level at 24.37-24.5.
OANDA:XAUUSD INDEX:BTCUSD INDEX:BTCUSD
seize the opportunity of trading in the gold volatility range!After yesterday's rally and closing positive, gold has so far emerged from a bottoming and rebounding market today, reaching a minimum of 1958.75. It is currently trading near the 1966 position. Judging from today's short cycle, gold prices have not achieved a breakthrough and have been under pressure. In the falling market, gold did not fall to the 1930 area again, and the 4-hour range fluctuation is still there.It is expected that gold will fluctuate in a large area from 2000 to 1950, which is a high probability.
From the fundamental point of view, although the banking crisis has been alleviated, the economic recession and the geopolitical risk-averse market are still there, so it is destined that gold will continue to be in a high and volatile market.
Short-term trading reference:
1.Sell gold near the 1973-1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1952 position, the stop loss level is 1949, and the take profit level is near 1966
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway, we expect that GOLD will go UP to 2050 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
Is there room for gold to continue to fall?Although the weakening of the U.S. dollar has provided support for gold prices to a certain extent, because the dust has settled on the acquisition of Silicon Valley Bank assets by First Citizen Bank, European and American bank stocks have risen sharply, suppressing the market's risk-averse demand for gold. Investors have scaled back safe-haven trading and turned to riskier assets. U.S. bond yields and U.S. stocks have risen, and gold is under further selling pressure.Judging from the recent trading days, the gold price has repeatedly surged above the 2000 mark and then fell back. The morale of the bulls has been obviously frustrated. Investors need to beware of the possibility of gold price shocks reaching the top.
Judging from the recent trend of gold, the high point began to show signs of M-head regression, and the short-term pressure fell back, and the continuous touch of the high point failed to continue, becoming a short-term high pressure zone.Although the upper side is under pressure, it is difficult to reverse the trend and become a unilateral downward market in a short period of time. Here, a range-oscillating market may be constructed.For the intraday market, pay attention to the suppression of the upward rebound in the short term. If the yellow metal is under pressure and stagnates, you can go short at a high level and continue to look down.
In the short-term operation, the rebound can pay attention to the pressure on the first line of 1973-1974, and the support can first look at the recent low of 1935.
Short-term trading reference: sell gold at the 1969-1970 position, stop loss level 1974, take profit level 1960-1955
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Symmetrical Triangle as an Correction in Long Time Frame and Rejection from the Upper Trend Line
Divergence
Break of Structure
It can make its Triple Top
Impulse Correction Impulse
Completed " ABC " Corrective
Rejection from the Strong Daily Resistance Level
Gold bulls are brewing the next round of outbreak?Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.
Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.
In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Million challenge:XAUUSD @1985 BUY
I have started serializing my Million Challenge. Today is the first day of trading, and I will record every operation. Gold has been bought at 1985, with a take profit (TP) set at 1995. If the position is broken, it will continue to rise. I will make the account reach ten million within a month, and the trading signals will be continuously updated. Let's witness it with time!
I will provide a password for observation and ensure that it is a real account.
Gold prices are higher and are expected to hit 2010 points againDue to the Federal Reserve's hint that it is about to suspend interest rate increases, and Yellen's speech created a warming of bank risks, gold today continued yesterday's rally and edged higher again.The overall trend showed an incremental increase, reaching the highest level of 1983.7.
Judging from the trend of gold prices, yesterday's daily gold line closed as the mid-yang line, recovering all the mid-yin K-lines of the previous day. After the daily double-yin adjustment, the positive K-line recovered, and there were slight signs of a stop in the short-term, and the local area will temporarily enter a high level of volatility.It may remain in the high range and pull the saw back and forth, entering a daily-level shock correction.
Judging from the 4-hour level chart, the current short-term support is relatively firm, and the upper side is initially facing the first-line pressure of 1985, and the lower short-term support is on the first-line of 1965.Judging from the fragile sentiment of the market, gold still tends to rise. If it effectively stands above 1985 in the process of rising, the gold price is expected to hit the recent new high near the 2010 position again.
In the short-term treatment, the lower support is near 1965, and the initial pressure above is near 1985.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Gold price bears regain control of the market?Philip Fisher once said that investment inevitably depends on luck in some places, but in the long run, good luck and bad luck will balance out, and continuous success must rely on skills and the application of good principles.
At present, the main rhythm of gold is still heavily affected by fundamental emotions, and the short-term technical trend is not expected to prevail, but technically it is still necessary to pay attention to and predict the position.
For the current market, gold has fallen into a consolidation stage after falling from its high, and the intraday upward movement has stagnated, so the current market may be further repaired and adjusted at a small level, and seek stronger support downwards.The current neckline resistance is in the 1960-1965 area.
Judging from the current strength of the rebound, the current risk aversion has cooled down, and short-term pressure measurement from 1950 to 1953 may be relatively difficult. It is very likely that it will be adjusted again after a short rebound, and the current short-term support is near the 1930 line.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.