First go long gold, then go short goldHello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today.
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting gold!
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Xauusdsell
XAUUSD 1H BUY PROJECTIONThe allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gol
XAUUSD: Continue to go long after the gold price pulls back.Strong support position 2458-2464.
The first buying point is around 2370.
The second buying point is around 2464
The third buying point is around 2458.
The upper space. Without the influence of the dominant news, the target is 2480. If there is a positive impact of the dominant news, the target is 2500. COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
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Gold rebounds to resistance zone and continues to sellGold market fundamentals:
Yesterday's CPI data adjusted the market's expectations for the Fed's September rate cut, from 50 basis points to 25 basis points (bad for gold)
The ceasefire negotiations between Israel and Hamas will be held in Doha, which will have an important impact on the situation in the Middle East (bad for gold)
Although the Ukrainian army's advance to the Kursk region of Russia was counterattacked by the Russian army, the complexity of this situation has increased market concerns about security (good for gold)
Gold market technical aspects:
Referring to the Fibonacci retracement of yesterday's decline, 0.5 is 2459, 0.618 is 2464, today we can sell around two retracement levels
Trading strategy: The multiple US data just released are bad for gold. Combined with the above factors, we mainly short today, in the retracement range of 2459-2459
Support range: 2440, 2430
Resistance range: 2476-historical high
XAUUSD: A small correction before going ATH! OANDA:XAUUSD
We may see price correction on XAUUSD before it continue moving up, price has been extremely bullish since the beginning of the week. However, we may now see price dropping towards 2440 which area remain a strong hold for swing buyers. Good Luck.
What Happen To The Gold 2430 To Retest AgainWhat Happen To The Gold 2430 To Retest Again
Yesterday Gold Make A Fake out On Upper Trendline And With CPI Data Release Gold Make It's Move To bearish With Strong Move Of 400 Pips Fall In 4H.And Re Bound From the Daily RBS Zone. So Gold Can Potentially Reach To 2430 To Sweep The Liquidity Or More Down Side.
I Would Like To Sell From The First SBR Zone @ 2458 - 2461 Zone. But Is Breck The Zone I Would Sell Again @ 2464- 2467 Zone. But All Are Probabilities
Will See What's Happening
Gold Analysis==>FallingGold is moving in the Heavy Resistance zone($2,484-$2,431) and Resistance line .
According to the theory of Elliott waves , Gold seems to have succeeded in completing a Zigzag Correction(ABC/5-3-5) near the resistance line .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to GO down to at least the Support line .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
From 2475 to 2450, it is just the start!Brothers, gold fell back as expected. At present, gold has fallen below 2450 several times in the short term. The short-term short force is strong. At present, gold still has the potential to continue to fall. I am sure that gold will at least fall back to the 2435-2430 area, or even the 2420-2415 area.
In the past two days, I have been advocating and insisting on shorting gold in the 2470-2475 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. When most people are aiming at the 2500 position, I said that only by walking ahead of most people can we eat more cakes and make more profits.
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GOLD Gave Us +200 Pips , What Is The Next Direction For Gold ?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.
Continue to short gold and look forward to more returns!Although gold has been supported by the conflict in the geopolitical situation and market risk aversion has pushed up gold prices, it has never been able to touch the previous high near 2484, and even 2480 cannot be reached for the time being. Therefore, gold seems to be strong, but it is facing the resistance area of the previous high. , and it is difficult to cross easily.
Therefore, before gold breaks through the previous high, it is completely reasonable to fall back first to accumulate strength, which is more conducive to gold breakthrough. Therefore, I still don't recommend chasing gold directly at present. Regarding the risk of geopolitical situation, in order to avoid the outbreak of world war, I think all parties will effectively restrain themselves and the conflict will not escalate easily.
Therefore, in terms of trading, on the contrary, I still advocate shorting gold in the 2470-2475 area; if gold rebounds and touches the previous high area of 2480-2484, I will continue to increase my position to short gold, and then wait for a new round of gold decline. Only by walking ahead of most people can we eat more cake and make better 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. !
Gold Shared Today +100 Pips Now , Did You Enter ? 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.
Start to short goldBrothers, today is Monday, and gold continues to rise to around 2455. In fact, according to the current gold structure, gold is indeed in a bullish structure, but the gold price is still in a slow rise rhythm in the overall rise process, and it is not very firm. So at this time, there is no need for us to continue chasing gold.
To be honest, this round of gold rebound is indeed a little beyond my expectations, but according to the current rhythm, we can basically see its top position area, and it should only rebound to the 2470-2475 area at most, and it may not even reach this area. Therefore, when gold shows a rising and short-squeezing trend, short-term pressure may fall at any time.
So in terms of trading, we don’t need to follow the trend to go long on gold for the time being. On the contrary, we should now focus on shorting gold. Walk ahead of most people and make more 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. !
Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble?
In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold?
For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again.
So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Strategies for dealing with the long-short tug-of-warGold market fundamentals: OANDA:XAUUSD
The weak employment report prompted the market to expect a rate cut of nearly 105 basis points by the end of the year, with a 100% chance of a rate cut in September. This expectation has given gold some support, as rate cuts usually reduce the opportunity cost of holding gold.
However, with the rise of the US dollar index and the rebound of the 10-year Treasury yield, gold's rebound has also been suppressed.
The above two points are the current shock factors that have led gold to enter the competition between long and short forces.
Gold market technical aspects:
From the Fibonacci retracement indicator of Monday's plunge, the current price has come to a dense pressure zone, 0.5 is 2411, 0.618 is 2422, and the high point of the oscillation range 2415 is also between the two, so it is not easy to break through here. If it breaks, there is a broad sky above, and if it does not break, it is likely to continue to maintain the oscillation pattern.
Trading strategy:
Although it is a tug-of-war between long and short positions, I prefer a decline that cannot break through, so I will choose to sell at a high level
Support range: 2380-2364
Resistance range: 2411-2422
Intraday risk data: US initial jobless claims, US June wholesale sales monthly rate
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
XAUUSD: 1HR VIEW Targeting $2300! Second Entry UpdateDear Traders,
Price has shown some strong bearish pressure as it failed to go beyond 2408, where it ranged for entire London and New York session. We waited until now to have some strong confirmation of how price may move. We are now confident enough to have a bearish outlook on Gold. If you like the idea then like and comment. Previous idea is running +400 pips. Keep supporting and good luck to everyone. Trade safe.
Gold Thursday Trading Strategies and Signals
#XAUUSD
Today is Thursday. August 8. Gold has been stable for two days.
Today there is weekly news on unemployment benefits. But I don't think the impact will be big.
Today's current trend line is also very flat. Temporarily give some trading suggestions.
Sell:
sell xauusd 2394-2398 (The price is between yesterday's 0.5-0.618 line. But because of yesterday's small fluctuations. So today it may still continue to trigger the sell signal 2402-2405. So we can trade in small batches and observe)
sell xauusd 2314-2318 (The highest price of gold rebound on Tuesday)
Buy:
buy xauusd 2368-2371 (This signal is a conversion price that will be tested when gold continues to fall)
buy xauusd 2347-2351 (The bottom of the price of gold in recent times. If the price reaches it, buy it directly)
Currently, you can try to trade when the price reaches these ranges.
If you trade according to my signals. There is a high probability that you will win trading profits. We help everyone make profits accurately every day. If you like my analysis or make a profit by trading according to the signal, please give me a thumbs up and join me