Gold Monday Trading Strategy.
Market Direction
Today, the opening price of gold is below the pivot and POC so the market direction is BEARISH. The 2-day relationship is lower so we will consider selling at key levels when there is a signal. My personal opinion is that I hope gold will fall to 2149/2150. If you break through this point, gold will return to 2136/2139. Conversely, if gold decides to rise again, it could test virgin POC at 2203 but this is unlikely.
📉Zone Analysis
- 2176 is zone m5
- 2181 was the peak last Friday
- 2194 is fipzone m15
So we will consider SELL:
Entry Sell: 2176 - 2181 - 2194
Target: 2149 - 2136
📕Note:
No signal, no trade
If you stop losing 3 times a day, you should rest
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Xauusdsell
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The target price for gold is around 2179-2182Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion
At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news.
I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
XAUUSD:Go long first, then go short on Monday
The indicators in the small-level chart began to show the weakness of the bulls, but the bulls at the 1h level have not yet exerted force, indicating that there is still room for upwards.
After the market opens on Monday, we will continue to pay attention to the resistance breakthrough of 2169 first, followed by the vicinity of 2174-2183. If it can break through, we can look upward to the vicinity of 2188-2192.
After that, we will start to go short, because if it goes up again, the resistance will be very strong. Without news stimulation, it is basically impossible to rise much further.
Gold Monday operating trend analysis
#XAUUSD
After gold rose to 2222, it continued to fall. The current downward trend continues to rise. The Asian market moved up along the channel to around 2178 and then fell along the channel. It is still in the channel range.
1/The war between Russia and Ukraine escalated over the weekend. 2/Gold fundamentals, sentiment eases with interest rate decision.
technical level. Gold focuses on the price reaction of 2157.
2177-2179 above the channel. 2150-2153 below
So today I will still observe gold in the price channel range. If there is a price trend that breaks the channel, I will re-analyze it.
I update my channel almost every day. If you are interested in my analysis, you can like me and join my channel. Thanks
💡 XAUUSD: Disadvantaged from USD recoveryThe recovery of the USD during the day put pressure on gold. After sliding to a one-week low, the US Dollar Index reversed course and posted a 0.7% gain, making gold more expensive for overseas buyers.
According to TD Securities commodity strategist Daniel Ghali, the strong buying pressure after the policy meeting appears to have dried up and gold is correcting as the market perceives there are fewer risks associated with policy easing. currency book.
According to the FedWatch Tool, traders are currently pricing in a 70% chance that the Fed will begin cutting interest rates in June, up from 65% before the rate decision.
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
World gold prices also set another recordSell Gold 2174-2180
SL 2185
TP 2166-213x.
Because the price has passed through Zone 2168, this Zone is being sold around the Reaction Zone According to Bien Ma on the H4 Frame. And the old location according to PA
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I assume the 2222 vicinity may be a brief top for the following couple of weeks, so over the week there may be deep downward correction waves, so I will specially view Sell, now no longer Buy, due to the fact the overpowering symptoms and symptoms of Buy are showing. steadily weakening for the beyond week, we are able to look ahead to Entry in those 2 areas:
Entry 1: Sell 2177, SL 2180.50, TP 2130
Entry 2: Sell 2182, SL 2187, TP 2130
All are lengthy Sell perspectives TP 40-50 fee so please be aware that after putting orders, the chance is best approximately 5%, in case your buying and selling quantity turned into critically poor ultimate week otherwise you misplaced all income withinside the beyond weeks, please evaluation your control method. capital, taking unstable capital like that won`t ultimate.
-----NEWS:
Last week, the course of globalwide gold charges persevered to be encouraged via way of means of hobby fee expectations. At the financial coverage assembly held withinside the center of ultimate week, the gold marketplace breathed a sigh of alleviation after americaA Federal Reserve (Fed) introduced new hobby fee expectations. The "dot chart" introduced on the assembly suggests that americaA Central Bank remains anticipated to behavior 3 hobby fee cuts this 12 months despite the fact that inflation stays above the goal stage of 2%. The charge of the yellow steel accelerated hastily after the assembly and changed into driven to a file excessive of 2,220 USD/ounce on March 21.
However, the recuperation did now no longer ultimate lengthy and the gold charge misplaced 50 USD because of robust promoting strain withinside the ultimate buying and selling consultation of the week. However, specialists say that traders have to be affected person due to the fact thinking about the contemporary environment, gold remains being supported.
At this assembly, the Fed remained constructive approximately the fitness of americaA economic system whilst extensively adjusting its GDP forecast. Accordingly, americaA Central Bank now forecasts that the economic system will develop via way of means of 2.1% this 12 months, up from the preceding forecast of 1.4%.
However, Kitco professional Neils Christensen isn't always very assured approximately the Fed`s forecast. Christensen stated that traders have to ask themselves, if they may be assured that americaA economic system could be resilient this 12 months, then why does the Fed want the assist of 3 hobby fee cuts?
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Gold continues to fall, and the current price is directly SellGold continues to fall from its high level. At the same time, the early 2164 support platform has also been pierced. The inverted V reversal pattern has emerged, and there is still a large downside space. In the absence of news stimulation, it will at least return to its starting point. On the 2157 line, the market continues to fall, and our short orders will be arranged to follow the market's rhythm! So you can Sell directly!
Judging from the current market situation, the bullish momentum has faded, and the shock and decline will gradually eliminate the previous bullish followers! Subsequent followers will gradually enter the market! And the market will also wait for the time to mature before going out of a waterfall market! The one-hour short corner is currently at the 2175 line, which is also the point where the moving average is suppressed. If it reaches it again within the day, we will definitely increase our position! Those with short positions will have an excellent entry opportunity!
XAUUSD: What should you do if you hold a short order?
Affected by the news, gold suddenly rose and broke through the previous high. It continued to rise after the opening today. It currently maintains a shock above 2200. The indicators have begun to show signs of weakness. Try to go short at this stage and pay attention to the resistance in the 2215-2221 range.
If the bulls are strong, the high may touch around 2230, followed by a sharp decline. First focus on the support in the 2193-2187 range, and it is more likely to fall to around 2175.
In view of the sudden outbreak of the market, today's data market is very difficult to trade. I predict that the data will be beneficial to gold bulls, but the probability of the market falling is greater. So in data trading, I will mainly be short.
Gold: A Timeless Investment in an Uncertain WorldGold, the age-old precious metal, continues to shine brightly as a cornerstone investment in today's volatile economic landscape. With its enduring allure and intrinsic value, gold remains a trusted asset for investors seeking stability and security.
At its core, gold's scarcity and tangible nature make it a reliable store of wealth. Unlike fiat currencies prone to inflationary pressures, gold's value has stood the test of time, preserving purchasing power over centuries.
Moreover, gold's versatility extends beyond its role as a monetary metal. Its unique properties make it indispensable in various industrial applications, from electronics to healthcare, bolstering its demand and value.
In times of economic uncertainty and geopolitical tensions, gold serves as a safe haven asset, providing a hedge against currency depreciation and market fluctuations. Its status as a universal currency transcends borders, offering investors a reliable sanctuary for wealth preservation.
Furthermore, gold's role as a diversification tool within investment portfolios cannot be overstated. Its low correlation with other asset classes helps reduce overall portfolio risk and enhance long-term returns.
Looking ahead, gold's timeless appeal is expected to endure, driven by its scarcity, versatility, and universal acceptance. As investors navigate uncertain times, gold stands as a beacon of stability and security, offering a timeless sanctuary in an ever-changing world.
Gold Prepares for Reversal: Analyzing Market ShiftsIn recent market movements, gold appears poised for a turnaround after a period of stagnation. Analysts speculate on factors such as geopolitical tensions, inflationary pressures, and currency fluctuations driving this potential reversal. Investors closely monitor these indicators, assessing gold's status as a safe haven asset amidst changing economic landscapes. As the precious metal readies for a potential uptrend, market watchers anticipate shifts in investment strategies and portfolio allocations. Join us as we delve into the evolving dynamics of the gold market and the implications of its anticipated reversal.
This is a perspective that will benefit you a lot
Many times, the market has its own rules to follow. As long as you have enough experience, surviving in the market and having the last laugh is not as difficult as you think. If you can't do it, just follow someone who can and let him lead you.
This is the gold 30m chart. I have shrunk it a lot. It is not difficult to see from the chart that it is currently at a high level, and it is a historical high. The reason why it has reached this position is more due to the impact of the news.
Now this tense situation has gradually eased. In such an environment, a fall in gold prices is actually an inevitable phenomenon.
Always remember one sentence, when things go to extremes, they must reverse. This applies to any environment. Everything has a limit. Beyond the limit, there will inevitably be a turning point. This is the truth of life, and it also applies to trading. Because trading is done by people, there is no way to escape from this circle.
Putting this aside, the technical form now also needs a major level of repair. In the 1D chart, MACD has formed a top divergence and is about to form a dead cross.
In this case, as long as there is no big news that is beneficial to gold bulls, such as wars, disasters, etc, its decline is a high-probability event and does not require too much consideration.
This large-level trading trend is what we need to focus on, because once the trend is formed, it is possible to fall below 2100 or even 2060. Such a large space is enough for us to make a big profit.
If you understand my point of view and can understand it, I think you now know what to do. If you don't understand, it doesn't matter. Leave me a message and I will give you the answer.
Golden Resilience: A Time-Tested HavenGold, with its shimmering allure, remains an enduring sanctuary in the tumultuous world of finance. Its value transcends eras and uncertainties, serving as a steadfast anchor for investors seeking stability. From ancient civilizations to modern portfolios, gold's resilience shines bright, weathering economic storms and preserving wealth. As markets fluctuate and economies evolve, the timeless appeal of gold continues to shine, offering a glimmer of assurance in an ever-changing landscape.
Gold prices plummeted as if there had never been a separationAlthough nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39 consistent with ounce because the Fed signaled it might keep to reduce hobby prices 3 instances in 2024 notwithstanding growing inflation.
Despite growing inflation, Fed Chairman Jerome Powell nonetheless stated that americaA Central Bank has the capacity to lessen hobby prices with the aid of using 3-quarters of a percent factor with the aid of using the quit of 2024. However, the Fed`s choice will rely on data. The financial system is here. The Fed's stance driven the greenback to its lowest degree in a week, even as additionally inflicting US 10-12 months Treasury yields to fall. Meanwhile, gold costs constantly increased.
Witnessing sturdy shopping for pressure after the meeting, Reuters technical analyst Wang Tao with a bit of luck anticipated that spot gold may want to retest the resistance degree at 2,222 USD/ounce. If this threshold is broken, this valuable steel can triumph over tiers withinside the variety of 2,228 - 2,234 USD/ounce.
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GOLD last night had a recovery from the 217x > 218x area
With this price range, everyone should watch for Sell today. As I see, Frame M30 candles are reacting according to Ma20 and 34
>At this rate, Sell Gold is around 2186>2190
SL 2192
TP 2178>216x
Will gold continue to rise today?
Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the short term; the support position 2140-2145 is close to the pressure to sell, and close to the support to buy; if it falls below 2145-2140, we will focus on follow-up later; currently , without external force continuing to exert force, the pressure position of 2195 will not be broken for the time being. Today there is important data news from the Federal Reserve interest rate
Gold: The Timeless Asset of Stability and ValueGold, with its enduring luster and historical significance, remains a steadfast asset in the ever-evolving landscape of finance. Revered for millennia, gold transcends borders and cultures, embodying stability, value, and wealth preservation.
At its core, gold serves as a reliable store of value, immune to the volatility of fiat currencies and market fluctuations. Its scarcity and intrinsic properties make it a trusted hedge against inflation and economic uncertainty, offering reassurance to investors seeking stability in their portfolios.
Beyond its financial utility, gold holds symbolic and cultural importance across civilizations. From ancient civilizations to modern societies, gold has been used to adorn artifacts, jewelry, and religious objects, symbolizing purity, prosperity, and divinity.
Moreover, gold's practical applications extend beyond its role as a monetary asset. It is widely utilized in industries such as technology, medicine, and aerospace, further reinforcing its value and demand in global markets.
Despite the emergence of digital currencies and financial innovations, gold retains its allure as a tangible and timeless asset. Its enduring appeal and intrinsic qualities continue to captivate investors and enthusiasts alike, reminding us of the enduring legacy and universal value of this precious metal.
Gold: A Timeless Anchor in Turbulent SeasAmidst the choppy waters of economic uncertainty, gold continues to stand firm as a beacon of stability and value. Its enduring allure transcends market fluctuations, offering investors a safe haven in times of turbulence. As global tensions rise and fall, gold remains a symbol of resilience, reassuring investors with its intrinsic worth. In the ever-changing landscape of finance, gold's timeless appeal remains unwavering, serving as a steadfast anchor in turbulent seas.