Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again.
Therefore, shorting gold is still the main trading strategy at present.
Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,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.
Xauusdsell
XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal.
Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation.
⭐️Personal comments NOVA:
Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2382
TP3: $2390
🔥SELL GOLD zone: $2418 - $2420 SL $2426
TP1: $2405
TP2: $2398
TP3: $2390
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU/USD: New head and shoulders top is forming, ready to sellToday's Asian and European sessions have seen little volatility, with gold prices staying below 2400 and not testing 2420, indicating gold is still in a consolidation phase. Therefore, we should adjust our outlook accordingly.
The 4-hour gold chart shows a new head and shoulders pattern forming, with prices near the shoulder level. Historically, reaching the shoulder often precedes a new downtrend. This shoulder is near the 2400 level, suggesting a Sell around 2400.
Additionally, the 1-hour chart shows that the Fibonacci retracement of Monday's $95 drop places the 0.382 level right at 2400, reinforcing this idea.
Support levels to watch are 2370, then 2350. If 2350 breaks, further downside is expected.
If you have different views or questions, let's discuss the latest insights on GOLD
The gold downtrend has begun, with the target below 2380From the hourly chart, we can easily see that the high point of gold is constantly moving down, which indicates that the overall downward trend is still continuing. In the previous article, I mentioned the decline of $95 on Monday. The Fibonacci retracement indicator shows that 0.382 is near the 2400 integer mark, and it also clearly mentions the bearish view here.
At present, it seems that the price of gold is running along the preset downward line. If it can break the support of the lower track of the Bollinger Band at 2380, then the head and shoulders top pattern mentioned above can be confirmed. By then, it is likely to continue to test the support of 2370 and 2350. If it falls below 2350, the downward space will be further expanded.
Now, traders who sell near 2400 can maintain their bearish beliefs. If there is no accident, this decline will most likely test the low of 2380. Let's wait and see.
If you have different opinions or questions, please speak up and let's discuss the latest ideas of GOLD together
Gold Tuesday Trading Strategies and Signals
xauusd
The gold market swept up a lot on Monday.
The biggest drop was almost 1000pips
The rise was 400pips twice
Many people lost their principal in the sweep.
In the face of disorderly market sweeps, we need to be very flexible. Constantly change your trading strategy and use the best strategy to continuously and reasonably obtain profits.
Today's trading strategy for everyone is still a few reasonable trading areas:
Sell:
sell xauusd 2418-2423
sell xusssd 2427-2441
Buy:
buy xauusd 2382-2385
buy xauusd 2368-2372
buy xauusd 2352-2356
Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal.
I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
GOLD: 1 HR View, Let's see how it goes! Dear Traders,
We have two possible sell entries first one is risky where we can see price reversing from current trading price. However, it can be riskier, there is safe entry that you can take when price to small upside correction and then continue to drop.
Good luck and trade safe.
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal.
However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases.
⭐️ Personal comments NOVA:
The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2373 - $2375 SL $2368
TP1: $2382
TP2: $2390
TP3: $2400
🔥BUY GOLD zone: $2386 - $2384 SL $2380
TP1: $2392
TP2: $2400
TP3: $2410
🔥SELL GOLD zone: $2428 - $2430 SL $2435
TP1: $2420
TP2: $2410
TP3: $2390
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Gold / XAUUSD Money Heist Plan in gold minesMy Dear Robbers / Traders,
This is our master plan to Heist XAUUSD / GOLD mines based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on 2 plans. Our target is Green Zone for bearish market and red zone for Bullish Market that is High risk Dangerous level, market is Consolidation / Trend Reversal at the level Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
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Short gold using the 2410-2415 area as resistanceToday, gold rebounded to 2458, and then fell all the way, hitting the lowest point near 2365. We made a lot of profits in both long and short transactions today. First, we shorted gold near 2441, and gold hit TP: 2425 during the decline; when gold rebounded again, we shorted gold again near 2445 and 2452, and then we closed the position manually near 2439; then we chased short gold near 24117, and gold hit TP: 2398 during the decline; when gold fell to 2364 and showed signs of stopping the decline, we went long gold near 2366, and gold hit TP: 2380 again during the rebound. Then we chased long gold near 2390, and we closed the position manually near 2396.
At present, gold continues to rebound to around 2410. I think it is impossible for gold to form a strong reversal in a short period of time after a sharp decline. Gold will continue to fall after the rebound. At present, gold is facing short-term resistance in the 2413-2415 area. If gold cannot form an effective breakthrough, it will continue to fall!
So in terms of short-term trading, I still insist on shorting gold in the 2410-2415 area. What we have to do next is to wait for the rapid growth of 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.The rebound is about to begin. Follow me to buy.It’s now. The time to buy has arrived. As I said last week, there are still a lot of trading opportunities this week.
The rebound range is around the first target position near 2420
A large number of buy orders continue to pour into the market. Don’t hesitate.
The position near 2398-2404 is a good buying opportunity. TVC:GOLD COINBASE:BTCUSD COMEX:GC1! OANDA:XAUUSD FOREXCOM:XAUUSD
Gold prices can be long now.
Yesterday, before the gold price closed, I suggested to continue going long on gold today. Today, the gold price market is in line with expectations again. At the same time, the market released a signal that is good for gold. The gold price hit the position near 2397 again. It has not yet broken through 2400. But Eddy believes that it is only a matter of time before it breaks through 2400. At present, the gold price remains around 2390. Short-term long positions can be carried out below 2386.
Investors with sufficient funds can consider entering the market in advance.
COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
In the NFP market, gold is expected to fall back, short gold!In the past two days, due to the expectation of the Fed's rate cut and the surge in risk aversion, the gold market has once again pushed up above 2460, and it is only one step away from the previous high of 2484. The rise looks particularly strong.
The bullish power of gold is relatively strong, but today NFP is the key to the short-term direction of the gold market. Compared with NFP, it may still be bullish for gold, but I think there is not much room for gold to continue to rise. It is obviously not advisable to directly chase gold now. So I think it is very likely that gold will rise and then fall in the future. If gold cannot break through 2480-2485 in the process of rising, then gold is expected to form an "M" top pattern and usher in a collapse and fall.
So in terms of trading, I would advocate shorting gold in batches in the 2460-2470 area and the 2480-2490 area, and then patiently wait for gold to fall back!
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 Friday Trading Strategies and Signals
xauusd
Trading on Friday is the most difficult, plus several major news data will be released this week.
Tomorrow, the US non-farm payrolls data will be released. There will be relatively rapid and large price fluctuations in a short period of time.
So please set a stop loss when trading:
Yesterday and today, gold rose violently.
So tomorrow we can maintain several buying areas and sell at several specific resistance prices while the trend remains unchanged:
Sell:
2466-2471 (the first resistance area to be reached. Maybe 2475. But trading in the price range is very advantageous)
2480-2484 (historical high)
Of course, I think scalping at 51-54 can also win some profits.
Buy:
2432-2436 has been triggered now, we can hold and observe, because I think there may be a risk of price correction.
2418-2421. The price meets the initial assumption of the correction.
Of course, I always improve that everything can happen in the trading market. The price price correction exceeds the support area of 2412. I think it will test the 2390 area again.
In short, trading in our price range will always earn you some profit.
If you make a profit following my trading range, please give me a thumbs up and join me. Maybe I will update again with a new analysis before the news is released tomorrow. This is a preliminary trading plan
#XAUUSD/GOLD breaks out, is it a long-term buying opportunity?After breaking through the resistance zone of 2430-2433, the current gold price is forming a peak around 245x, with the breakout at 2386 giving gold an upward momentum again.
The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity area, it will be an opportunity for us to target the peak zone of 2480-2484.
Recommended orders:
Plan 1: BUY XAUUSD zone 2429 - 2432
SL 2426
TP 2435 - 2450 - 2373.
Plan 2: BUY XAUUSD zone 2390 - 2393
SL 2387
TP 2400 - 2430 - 2373.
Plan 3: SELL XAUUSD zone 2451-2453
SL 2457
TP 2448 - 2440 - 2432 (small volume).
Two major news are about to detonate the gold price market.
Two major news are about to detonate the gold price market.
Will the follow-up of the attack on the top leader of Hamas detonate the gold price market? Will gold continue to rise if the Fed cuts interest rates?
Senior analyst Eddy believes that gold will directly go long on gold prices before the two major news come. Waiting for the market to soar. Hamas's resistance is undoubtedly the fuse that leads to the rise in gold prices. The upcoming Fed interest rate will also drive gold prices up again. So now is still a great opportunity to buy. The current price is at 2421. The battle line is extended. Buy in the range of 2410-2420. Wait for the market to rise.
Investors with large funds can buy multiple orders in advance. If your funds are relatively small. Remember to go long in a small position at a stable position.
COMEX:GC1! FOREXCOM:XAUUSD TVC:GOLD TVC:DXY
Choose to short gold firstAt present, gold has touched 2430 again. From a technical point of view, the candlestick chart is under pressure in the 2430-2435 area. Moreover, the Federal Reserve's interest rate decision will be announced soon, and gold may be in a bullish pattern before then. Moreover, the gold market has recently risen due to multiple speculations about interest rate cuts. Even if the Federal Reserve cuts interest rates as expected, gold will continue to fall after the good news is fully released. So in terms of short-term trading, first of all, I will still choose to short gold in an appropriate amount near 2430!
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. !
Will the gold price continue to rise? Yes
London market: The attack on Hamas leaders has once again detonated the market. After the gold price fell back to 2405 in the Asian market, the gold price rose again to a high of 2422 because of the news. It is currently fluctuating at 2419.
Senior analyst Eddy believes that after the short-term gold price falls, it will continue to rise. Therefore, the main trading method is to buy at low levels. The stable position is 2410-2415. Friends with large funds can consider entering the market at 2419-2417 in advance.
TVC:GOLD FOREXCOM:XAUUSD COMEX:GC1!
Gold Tuesday Trading Strategies and Signals
#xauusd July 30, 2024
If gold fell to around 2370 yesterday as judged.
Then trigger my buy signal
Today I will give you several trading areas for your reference:
Sell gold:
sell2395-2399
sell2412-2416
Buy gold:
2371-2374 (as a scalping transaction)
2362-2365 (scalping transaction, profit of more than 50pips)
2353-2358 (strong buy signal. It is highly unlikely to be triggered)
Please choose the appropriate corresponding price in different time periods and start trading.
If you make a profit according to my signal, please like me and join me
XAUUSD: Get ready to receive the super golden week arrival2410 is the last line of defense. Before it breaks through, all the rises are just rebounds rather than reversals.
The Israeli attack on Lebanon just now can only be regarded as an emergency. The risk aversion caused by the emergency comes quickly and will retreat quickly without follow-up. Therefore, we must not be anxious and pay close attention to the 2410 line of defense.
In addition, many important data of the Super Golden Week have not yet been released. Before the release of this week's data, the direction of gold prices is still uncertain. Try to be patient enough.
The focus of the Super Data Week is as follows:
(Wednesday)
US July ADP employment
US June existing home sales index monthly rate
Federal Reserve interest rate decision
(Thursday)
Bank of England interest rate decision
US weekly initial jobless claims
US July ISM manufacturing PMI
Fed Chairman Powell press conference
(Friday)
US July unemployment rate
US July quarterly NFP
Gold forms a falling pattern as risk aversion fadesThere is not much to say today. What should be said has been explained in yesterday's post. My current strategy remains unchanged. I still maintain a bearish view and will continue to hold short positions.
Yesterday I said that it is obvious from the 4-hour chart that gold has formed a head and shoulders top pattern and a plunge is about to begin. As the risk aversion caused by Israel and Lebanon subsides, the factors supporting the rebound of gold are gone, and the only way to go is a decline.
Upper resistance: 2390, 2400, 2410
Lower support: 2370, 2350, 2320
Now we need to focus on the ADP employment data and the Fed's interest rate decision to be released tomorrow.
Unswervingly short goldAfter reaching around 2370, gold rebounded again and is currently hovering around 2390. Gold seems strong, but it is always difficult to reach the key suppression area and cannot form an effective breakthrough, so I think that gold is still dominated by shorts as a whole.
Gold is currently facing two key suppression levels, one is the 2400-2405 area, and the other is the 2410-2415 area. If gold cannot overcome these two resistance areas, then the gold shorts will counterattack at any time, so before regaining the 2410-2415 area, there is no doubt that in terms of trading, I always insist on a short-selling trading strategy. The short-term support below is around 2376, followed by around 2368. If gold falls below the support in this area, gold will also test the 2350 area, or even 2330.
So in terms of short-term trading, I still insist on shorting gold!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: Rebound is not a reversal, ready for a sharp drop7.29 Gold Sharing and Trading Strategy
Last Friday, gold rebounded due to PEC data, and the escalation of the conflict between Israel and Lebanon led to an increase in risk aversion, and the price of gold once rushed to $2,400.
However, political risks obviously overshadowed the subsequent Fed interest rate decision. The data reflected by PCE showed that inflation remained strong. Although it was close to the central bank's target level of 2%, the market still hoped that the easing cycle would start in September.
From the 4-hour chart, it can be clearly seen that the current gold is a head and shoulders top pattern. The shoulder position has now been completed, and it is very likely to usher in a plunge here.
From the figure, we can see that referring to the previous trend, the support below will be at 2350, 2320, and 2300, so we can use the previous pressure levels of 2385, 2400, and 2410 to sell