XAUUSD:2280 is just around the corner
The current shape of gold is similar to the head and shoulders. Analyzing the shape combined with indicators, there is a high probability that it will rise first and try resistance. Therefore, the trading strategy continues to be long first and then short, focusing on the 2358-2369 range.
If a head and shoulders are formed, a decline to 2280 is inevitable. At that time, the large-cycle graph will have a double top.
If the shorts are strong, it is very likely that this time it will fall to the 2230-2200 line, and then a large-cycle upward trend will be formed. Therefore, the market is currently brewing a new opportunity, and I hope everyone can seize it!
Xauusdsell
💡 XAUUSD: Analysis May 23Gold had a strong decline yesterday, creating bar D1 with a wide range and closing close to the bottom, showing strong selling pressure during the day. This down day officially closed below bar D1, creating a bearish pinbar that formed a false break above, thus confirming this false break. This is a technical factor that can cause Gold D1 to slow down and keep moving sideways but not increasing again. Gold D1's chart structure is currently cumulative in the price range, with the main tendency to increase. Gold falling and closing below the round number of 2,400 is also a technical factor for weakness.
The downtrend for H1 Gold has formed after a strong price decline and the recent establishment of a new low price bottom. Both bearish momentum and structure support the idea of waiting to sell for H1 Gold today, supported by price action confirming a false break at D1. The selling zone for Gold H1 today will be the confluence of the round number 2,400 above. Because Gold is currently touching support and breaking out of the lower border, showing the possibility of being oversold, selling to the bottom will no longer be a priority.
💡 H1 trend: Gold decreases.
Today trading idea: Sell Gold.
Gold loses key defense, short gold on rebound!Gold continues to fall sharply today. In recent days, we have basically maintained a short trading rhythm, so the profits we have made recently are still very good. Today we shorted gold near the 2368 position and successfully hit TP: 2357; just now we went long gold near the 2342 position and successfully hit TP: 2350 during the rebound of gold. Today, both the long and short sides have achieved good results! After our 19-game winning streak was interrupted overnight, we achieved another 2-game winning streak!
At present, the short energy of gold is strong, and the short trend is very obvious. And today, gold fell below the key support areas of 2350 and 2342 during its decline. Then the space below gold has been completely opened in the short term, so gold is likely to fall further. The performance of gold during the rebound can be used as auxiliary verification. Gold did not rebound strongly after the sharp decline. The bulls had no ability to resist and even lost the key support defense of 2350 and 2342. Coupled with the cashing out of early bull profits and the rising market following sentiment, gold will continue to be in a weak position in a short period of time, and gold may continue to fall to the 2320-2315 area, or even the 2285-2280 area.
So in the next trading, don't see that gold has fallen so much and just go long gold based on your feeling; we should follow the trend and look for opportunities to short gold. As the resistance area continues to move downwards, we will first focus on the 2350-2355 resistance area, followed by the 2360-2365 resistance area.
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Gold will fall after the rebound, so go short gold!The Federal Reserve's monetary policy is hawkish, and some officials even stated that they can continue to raise interest rates if inflation rises, causing a large-scale withdrawal of market interest rate cut expectations. Gold has plummeted all the way, and the current lowest has reached around 2355.Although gold has rebounded in the short term, the overall rebound is still weak.
It is not easy to accurately determine what rhythm gold will maintain after experiencing a sharp decline.But the decline has definitely slowed down, and since gold appears weak during the rebound, gold may not see a retaliatory rebound in the future, and may digest the sharp decline with shocks. It is expected that the rebound of gold will be limited, so we still have to maintain the trading idea of short selling at high levels in our transactions.
At present, gold faces short-term resistance in the 2370-2375 area, which is also the short-term top-to-bottom conversion area. So if gold rebounds and hits this resistance area, I would definitely try to short gold first.
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XAUUSD:Long first, then short
Gold continues to fall. It has dropped nearly 60$ from 2410 to now. The current main support is around 2352. The trading is long first and then short. On the rebound, focus on the resistance near 2378.
There is data today, please pay attention to risk control when trading during U.S. market time. Friends who want to follow my trading data, please contact me in advance.
XAUUSD SWING BUYLIMIT PROJECTIONKEY POINTS:
Analyst says gold to drift back to $2,355 if dollar keeps upward momentum
Fed minutes reflected discussion of possiblefurtherhikes
Price rise likely to temper discretionary gold buying - ANZ
Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates.
Spot gold
GOLD
fell 0.6% at $2,365.49 per ounce, as of 0638 GMT. Bullion hit a record high of $2,449.89 on Monday.
U.S. gold futures
GOLD
were down 1.1% at $2,367.60.
XAUUSD plummeted - any opportunities for current investors?The lower in gold charges specifically triggered the USD to growth once more and the final strain become more than the energy of call for for gold. Selling hobby improved after the treasured steel did not regain the brink of 2,430 USD/ounce. Pressure to promote speedy World gold rate beneath 2,four hundred USD/ounce.
The USD become supported after many US Federal Reserve (Fed) officers issued warnings that the Fed had to be greater cautious and make certain to take gain of the cooling facility earlier than determining to reduce hobby prices for the primary time.
Although US economic coverage has come to be a secondary thing withinside the gold market, taking gain of the timing ought to create promoting strain as it may pressure the Fed to elevate hobby prices once more. In current days, participants of the economic coverage board have stated that even as they're now no longer equipped to reduce hobby prices due to the fact they're nonetheless elevating them, in addition they do now no longer see a manner to elevate them. However, assembly mins display the opportunity of some other acceleration.
Many specialists are constructive that gold charges will retain to growth withinside the close to future, however maximum aren't positive whilst gold will attain 3,000 USD/ounce. Momentum may be given as the principle foreign money of the Fed.
Global golden like. However, even as the Fed has but to determine to unwind economic coverage, advisers are cautiously looking monetary information to look if they may set off the Fed to pivot.
💡 XAUUSD: Analysis May 22Gold decreased yesterday, but with the structure of bar D1 decreasing with a narrow amplitude, lower shadow and closing above half of the amplitude, buying power is still shown from below. Considering that the price is located around the old peak, that is, the resistance zone, the price behavior is happening like that, showing that the buying force is maintained. This is positive for the price increase. The structure of Gold D1 is sideways in the price range, overall it is inclined to increase.
H1 gold moves inside the accumulation price range, showing a sideways period. Because both time frames tend to favor price increases, H1 Gold today can continue to wait to buy from the support areas below. The area just below the confluence with the round number 2,300 adds to the strength of support.
💡 H1 trend: Gold moves sideways.
Today trading idea: Buy Gold.
Gold fell below 2400 as expected, continue to short goldYesterday and today I have been emphasizing that gold will point its sword at the 2395-2390 area, and 2390 is coming. Unexpectedly, gold fell more than expected, touching around 2382. We shorted gold today near the 2418 and 2413 positions, hitting TP: 2407 and 2401 respectively. The profit in these two transactions was more than $11K, which is a pretty good trading result. After gold fell back, we currently hold a long position in gold near 2387 and set a small TP: 2395. We hope that gold will rebound and hit TP again.
At present, gold has formed a large negative line and fell below the wedge structure. It has not even been able to hold the 2390 position and break through important short-term support. Short momentum is strong. Although gold has been supported near the 2380 position and has rebounded, the overall rebound strength is still relatively lacking, so I think there are no conditions for a big rise for the time being. This is why I only set the TP of the long position at 2395. Then, gold may not see a retaliatory rebound in the future, and may digest the sharp decline with shocks.
So in terms of trading next, I will wait for gold to hit TP: 2395, and then wait for gold to rebound before shorting gold. In the short term, the upper side will focus on the resistance in the 2405-2410 area. The Federal Reserve will release the minutes of its monetary policy meeting later, which may affect the short-term gold trend, and we also need to pay close attention to it.
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Gold Finally Gave A Bearish P.A , Short Setup To Get 200 Pips !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.
XAUUSD: Continue shorting after rebound
After falling below the support, it fell rapidly. It has now reached the support platform and the rebound resistance is near 2400. The probability of a direct rise is unlikely, so we continue to focus on shorting after the rebound. The lower support first focuses on the vicinity of 2378.
2390 is coming, continue shorting after the reboundGold fell back to around 2405 as expected. Our short gold position today near 2418 ended up hitting TP again. It was a very good trading experience. In fact, as long as you follow me, you will easily find that I have recently reminded you to focus on shorting gold.In particular, the previous article reminded: short gold, and aiming at 2395-2390.
Judging from the recent trend of gold, the highs of gold's rebound are gradually lowering, while the lows are also constantly lowering, and it is already trying to fall below the wedge structure, so the short sellers are currently dominant. Although the short-term structure of gold is supported by the 2405-2400 area, since gold is already trying to touch this area, I think it is only a matter of time before gold falls below this area, and then gold is really going to fall towards the 2395-2390 area.
Gold is currently trying to fall below the wedge structure. Once it is confirmed to be effective, the space below gold will be completely opened, and gold is likely to continue its downward trend. Therefore, if the market does not stabilize, do not go long gold easily. We will mainly focus on short gold at high levels. As gold falls, the resistance area moves downwards, and we first focus on the 2415-2420 area resistance. The following focuses on the gains and losses at the 2400 position.
Profited $14K, short gold, and aiming at 2395-2390Today we have made very good profits in both long and short gold transactions. First of all, we went long gold near the 2412 position today. Gold successfully hit TP: 2423 during the short-term rebound;When gold hit resistance near the 2434 position, we then shorted gold near the 2432 position and once again successfully hit TP: 2420. In today's transaction, I made a total profit of more than $14K.We achieved better profits than yesterday and also continued our 16-game winning streak!
Gold has been on a roller coaster ride in recent days, with no continuation of the ups and downs. So it brings a certain degree of difficulty to our transactions. As far as the short term is concerned, I feel that without the stimulation of major good news, it will be difficult for gold to refresh the high of 2450 again, so 2450 is definitely the peak in the short term! In comparison, gold is currently in a relatively weak position. After all, gold has never been able to touch above 2440 during its recent rebound. Today it has not even been able to break through the 2430-2435 area, so the upward momentum has weakened.Relatively speaking, the short sellers are also slightly better.
Therefore, in terms of short-term trading, the top will first focus on the 2435-2440 resistance area. When gold rebounds to this resistance area and the upward momentum weakens, you can consider shorting gold. If gold falls below 2406, gold will completely open up the space below and fall further.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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 gold continue to break through 2450?
Daily chart:
Already reminded before: 2340+2290
Already reminded: Only by maintaining a short-term anti-Dan state can there be a chance of rising
Only if you keep rising will you have a chance to rise
It has stood above 2340 and started to rise slightly in the short term.
Stay above 2350--65, strengthen in the short term
Staying above 2385, it has risen by 2450
It initially remains above 2400, and the trend becomes stronger.
Stay above 2425 and see around 2460
Staying above 2450, there is a chance to continue to rise to 2450--2480-2550 in the short term
Stay below 2375--2410 and start short-term profit taking
Stay below 2335, strong in the short term
Stay below 2310 and turn into a weak decline
Gold rebounds strongly, should we chase long gold?Today we went long gold near the 2412 position and successfully hit TP: 2423. It was still a good trading profit. At present, gold has rebounded strongly to above 2430. The bulls have regained control of the situation. How much more can gold rise? Do we still want to continue chasing gold?
There may be many people who have this question, and many people have even chased long gold. In fact, relatively speaking, I think gold bulls have reached a certain stage now, and the probability of another violent rise should be low; and gold has formed long upper shadow lines many times during the rebound, so there is still a certain degree of resistance above.and the energy of the bulls has stagnated near 2430, so the short-term resistance faced by gold in the 2430-2435 area is still valid, and even if gold breaks through this area, I believe that with the current strength of the bulls, it will be difficult to break through the 2440 position.
So in terms of trading, I do not recommend chasing gold above 2430. On the contrary, we can consider shorting gold. Once gold falls below the 2405-2400 area, the space below will open further. Therefore, in the next transaction, we will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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. !
Focus on observing 2427 resistance
The price is close to the support and is currently rebounding after a decline. The focus today is to observe whether the support is effective and whether the small-level resistance can be broken.
Before that, trade around the 2400-2427 range. If the resistance cannot be broken through and falls below the support, then the short-term rise will be over, and the next prices to be considered will be 2378, 2352, and 2283.
💡 XAUUSD: Analysis May 20The short-term uptrend of Gold H1 has continued with the most recent strong price push up. The price behavior following the upper border to go up and establish a new high price peak reflects good price momentum. But currently H1 Gold has created a price bar completely outside the upper border, reflecting an overbought state that easily leads to a price pullback rather than continuing the upward price trend. The main trend of Gold H1 today is to wait to buy, but wait for the pullbacks to go down and then buy, not to chase above.
💡 H1 trend: Gold increases.
Today trading idea: Buy Gold.
GOLD exchange rate will decrease sharply.This morning, I noticed the GOLD Rate drop sharply. With this momentum, I see that the small candlestick margins have absolutely crossed the MA. If there may be some other robust promoting force, for my part GOLD have to fall deeply to 238x after which make new actions to recover.
>Today I will advocate 2-Way Waves.
>Currently you may wait to observe Sell Gold round 2416>2420
SL 2324
TP 2408>23xx.
Buy in step with Yesterday`s candlestick location round 2405>2408
SL 2403
TP 2412>242x.
Because of the cutting-edge Trend, I see that Gold is straightforward to fall further, so for the time being, anybody simply comply with the fashion to Sell and watch for a brand new response in step with Support Resistance or RSI earlier than Buying later.
GOOD LUCK MN ❤️❤️
Profited $12K, short gold after reboundToday we have made very good profits in both long and short gold transactions. First of all, we shorted gold today near the 2446 position. Gold successfully hit TP: 2430 during the short-term decline; after gold hit the 2407 position, it stopped falling and rebounded. We then went long gold near the 2410 position, and we manually closed the position above 2420 to make another profit. In today's transaction, I made a total profit of more than FWB:12K , which is considered a good trading result!
So is gold expected to continue to hit 2450 or even higher? In fact, as far as the short-term market is concerned, gold has continued to fall, and the signs of short-term peaking are relatively obvious. It is unlikely that it will hit a new high again in the short term.Gold has fallen from its highs and a large number of profit-making orders have been realized. Gold may even fall further. Next, we will first focus on the 2405-2400 support area. If gold falls below this area, gold will truly establish a top trend and continue its decline.
Therefore, in terms of subsequent transactions, if the market does not stabilize, do not go long gold easily. We will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.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. !
Trading requires courage, short gold firstGold has been rising all the way to new highs. After gold hit a high near 2450, it encountered resistance and fell back. The strength of the rise has weakened. In the short-term trend, the top shock has obviously narrowed. In the short-term, it may re-choose its direction. Moreover, the technical level deviates from the technical indicators, and gold has a need for a correction. I don’t think it makes much sense to continue chasing gold at high levels now. Even if we want to be long gold, we have to wait for gold to pull back and stabilize.
Therefore, in terms of trading, do not easily chase gold at high levels. Gold continues to rise, and the energy of bulls needs to be released. So now it is either a quick adjustment to release, or a long period of sideways trading, exchanging time for space to release. So in terms of short-term trading, I prefer to short gold, and I have already done so.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability. Regret is meaningless.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:Go long near support
Gold has reached a new all-time high, and the power of the bulls has not yet been completely exhausted. Usually, after a new high, there will be some resistance to the rise. However, judging from the current trend, if the support is effective, it is likely to reach a new high.
The difficulty of transactions will increase as volatility intensifies in the near future. During the transaction process, everyone should pay attention to controlling risks and avoid letting the account be blown. If you need help, please contact me in time.