GOLD XAUUSD Bearish Heist PlanHi Gold Miners,
This is our NFP Trade master plan to Heist Bearish side of GOLD MINES. my dear Looters U can enter at the any point below my red zone level stealing area, Our target is Green Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Xauusdsell
Are you disappointed with NFP? But I think gold will fall againDear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market was not as good as expected. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2294.
To be honest, this data makes me a little disappointed. But will gold continue to fall? I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high near 2305, and the bearish structure on the hourly chart still needs to be digested on the technical level. The current news and technical resonance are negative for gold, so even if there is a partial rebound in gold, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
NFP fails to meet expectations, will gold fall?Dear friends, today’s non-agricultural employment data released was 303K, which is much higher than market expectations and the previous value, which is largely negative for gold. However, the performance of the gold market fell short of expectations. Gold only fell to around 2280 before rebounding again and recovering all losses. Gold is currently trading around 2300.
Will gold continue to fall? To be honest, I think gold will continue to fall after the rally. Because gold has touched its lowest position near 2267 during the decline, it has destroyed the early strong trend to a certain extent.
Therefore, I will not be overly bullish on gold at the moment. In addition, gold is still suppressed by the previous high of 2305-2310 area, and the bearish structure on the hourly chart still needs to be digested at the technical level. The current news and technical resonance are negative for gold, so even if gold rebounds partially and even touches the 2305 area again, I always believe that gold will continue to fall.
At present, I still hold short gold orders near the 2294 and 2302 positions. Although I am currently at a floating loss, I am not worried at all. I always firmly believe that gold will fall again and turn losses into profits!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Gold NFP signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now Sell 2293
Target 2289
Target 2285
Target 2280
Target 2270
Target 2250
SL 2318
NFPGold price pares intraday losses, keeps the red amid modest USD strength ahead of NFP
Gold price corrects further from the all-time high amid hawkish remarks by Fed officials. Some follow-through USD buying exerts some pressure ahead of the crucial US NFP data.
From a technical perspective, weakness below the $2,265 area could expose the weekly swing low, around the $2,229-2,228 region, with the $2,250 level acting as an intermediate support. Some follow-through selling has the potential to drag the Gold price toward the $2,200 psychological mark, which is likely to act as a strong base. That said, a convincing breakdown through the said handle should pave the way for some meaningful corrective decline.
The popularly known Nonfarm Payrolls (NFP) report will be looked upon for fresh cues about the Fed's rate-cut path, which, in turn, will drive the USD demand and provide a fresh directional impetus to the non-yielding Gold price. In the meantime, persistent geopolitical tensions stemming from the Russia-Ukraine war and the risk of a further escalation of conflicts in the Middle East should act as a tailwind for the safe-haven XAU/USD. This should limit any meaningful corrective slide from the all-time peak.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
gold now sell 2292
TP1 2285
TP2 2280
TP3 2270
TP4 2250
SL 2316
Gold Correction Deepens After Failed Attempt at ATH ConfirmationGold undergoes a significant correction after a failed attempt to confirm its all-time high (ATH).
A double top pattern emerges as a reversal signal, indicating potential downside with a correction target of 2266. For SELL positions, we recommend waiting for a re-test at the neckline around 2284.
Gold will increase in price
Gold prices soared to $2,250 per ounce today, marking a $12 increase from the morning's opening. The driving force behind this upward momentum lies in the growing belief among investors that the Federal Reserve will embark on monetary policy easing. Market watchers anticipate a potential interest rate cut by the Fed in either May or June.
Apart from rate expectations, gold bullion is also buoyed by robust demand. Private investors in China are flocking to gold amidst sluggish real estate activity and a persistently weak overall economy. China's stock market and currency are facing challenges, further bolstering gold's appeal.
The record-breaking surge in gold prices signals investor concerns regarding the Fed's ability to contain inflation as it begins to taper interest rates. Investors are advised to await a pullback before entering the market. It's suggested that gold may retreat towards $2,150, attracting fresh investor interest.
The upward trajectory of global gold prices continues as central banks worldwide sell off USD to acquire gold. Economic experts forecast that if the US job market performs better than expected, coupled with prolonged inflation, the Fed may delay the onset of monetary easing. This could adversely impact precious metals.
Gold's Upward Momentum ContinuesAs anticipated in our previous analysis, gold continues to advance, encountering no significant resistance.
However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory.
This is a short-term analysis; while the price may continue to rise directly, those who missed this movement can rely on support at 2287.00!
XAUUSD:Today’s Data Trading Strategies
Initial jobless claims will be released in 30 minutes, which is expected to be favorable for shorts, so my trading plan is to go short.
Gold is currently in an upward channel, with support around 2283, followed by around 2269. Based on the current price position, I am more willing to short at a high level. For this rise, my highest estimate is around 2319. There is not a lot of room, but on the downside, there are a lot of opportunities.
Gold Holds Strong Amidst Correction, Sales Perspective EmergesWarm greetings to all precious metals enthusiasts! Despite a slight correction, gold remains resolute in its elevated position, indicating continued bullish sentiment.
Currently trading around $2256, down a modest 156 pips from yesterday, gold is undergoing corrective movements following a robust rally.
Looking ahead, gold is supported by safe-haven demand amid expectations of impending interest rate cuts by the Fed. Ongoing geopolitical tensions are further fueling economic uncertainties in various countries, prompting investors to flock to gold.
In the short term, a new peak seems to be forming in this high price zone, accompanied by the emergence of a downtrend line. If this pattern persists, gold may retrace to the 89 EMA should the support at $22,357 be breached.
Today, let's lean towards a sales perspective, wishing everyone an enjoyable and profitable trading session!
Gold Surges to Near $2,285/ounce Amidst Weakness in US DollarThe world spot gold price is on the verge of surpassing $2,285/ounce, rising over $27/ounce compared to the same time yesterday morning.
In the US market, the world spot gold price reached $2,285/ounce, sharply increasing by $29/ounce compared to the previous session's close. During this session, there were moments when the gold price almost reached $2,290/ounce, continuously printing new all-time highs.
Despite positive economic data, the US dollar in the international market continues to decline sharply. Specifically, the Dollar Index - which measures the greenback's strength against 6 major currencies - fell sharply by 0.17% to 104.420 points. The sharp decline in the USD positively supports the increase in gold prices. As the cost of trading and storing gold in investments has decreased, investors are pouring their money into the precious metal.
Gold Surges to All-Time Highs: Outlook and Support LevelsLast week, gold experienced a powerful price surge, reaching record highs and extending to today, with a leap to $2257 USD, up approximately $24 USD in the early hours of Monday trading.
Gold is propelled by strong price momentum, benefiting from lower bond yields and a weaker USD. News of potential Fed rate cuts in the near future adds further impetus to this precious metal.
Regarding today's and this week's gold trends, the long-term outlook remains bullish. However, gold may encounter resistance and undergo minor corrections after its vigorous ascent, requiring adjustments to solidify its upward trajectory. Anticipated support levels are around $2215 - $2222 USD.
Wishing everyone a pleasant and prosperous trading week!
Gold Surges to $2,280 as Safe Haven Demand SoarsThe price of gold has experienced a remarkable increase, with spot gold climbing by $29.9 to reach $2,280 per ounce.
This substantial surge on April 2nd, in US time, has been propelled by the persistent demand for a safe haven amid escalating tensions in the Middle East. Despite the strength of the US dollar and forecasts of interest rate cuts in the US, the gold market continues to defy expectations, consistently reaching new highs.
Moreover, robust demand from retail investors and global central banks further contribute to the upward momentum of this precious metal.
Considering these factors, a target of $2,289 for gold appears not only feasible but highly probable!
Gold will increase in pricePrice forms a higher high, but RSI forms a lower high.
Subsequently, the price is expected to decrease.
Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be short-lived. In other words, the formation of a peak takes longer than the formation of a bottom.
Many amateur traders often appear overly excited or eager to trade based on divergence between price and RSI. However, the advice is to wait for confirmation from price action. The example on the VN-Index demonstrates prolonged peaks and often smaller divergences (pink boxes) within the larger divergence. It is advisable to wait for price to break pattern formations such as flags, triangles, etc., before initiating trades.
Gold Price Analysis: Short-Term Outlook
The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact.
However, in the scenario where the $2,244 level is breached below, gold could undergo a relatively moderate downward correction, with a short-term target at $2,223.
Throughout the day, the gold price trend is expected to remain bullish, albeit with considerable volatility. Key technical levels to note include:
Support: $2,244 – $2,223
Resistance: $2,265
Gold Retracement Levels: Anticipating Support at Fibonacci LevelOn the chart, we can see retracement levels as follows: 0.7955 (23.6%), 0.7764 (38.2%), 0.7609 (50.0%), 0.7454 (61.8%), and 0.7263 (76.4%). Now, we expect that if the price of gold declines from its peak, it will encounter support at the mentioned Fibonacci levels because many traders will place buy orders at these levels when the price retraces.
April 4, 2024 is at risk of a sharp decreaseToday, April 4, 2024, the sector grew to become down pretty sharply after many consecutive days of peaking. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright. Finance Banking Gold fee nowadays April 4, 2024 threatens to plummet after many consecutive days of peaking Manh Ha • Gold fee nowadays April 4, 2024 withinside the international grew to become round to fall pretty sharply after many days constantly peak. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright.
Gold price exceeds 2,300 USD/ounce, why?constantly skyrocketing, breaking all records, specialists provide some arguments to explain. Finance and BankingHot: Gold charge exceeds 2,three hundred USD/ounce, why? Yen Nguyen • April 4, 2024 07:01 Gold charge constantly skyrockets, breaking all records, specialists provide some arguments to explain .
Gold increases, gold charges "peak"... had been acquainted key phrases withinside the economic marketplace in current days.
However, the situations that specialists formerly forecast nearly in no way noted this speedy increase rate.
Opening this morning Vietnam time, global gold charges persisted to skyrocket, exceeding 2,three hundred USD/ounce, once in a while even exceeding 2,302 USD/ounce. The words "all-time peak" not have meaning.
Not most effective gold, any other valuable metal, silver, is likewise soaring, exceeding 27,000 USD.
Bullish Trend Continues: Gold Market Insights A strong bullish trend is evident in the gold market.
The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance.
There is still liquidity to be tapped into at the higher levels.
Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the market to aim for higher grounds.
I maintain a completely bullish setup, with failed chart patterns and reversals on larger timeframes signaling further upward potential.
XAUUSD:Head and shoulders or double top
Gold is currently under pressure at MA5 (2252-2254). If it breaks through, focus on the resistance of 2258-2263, and the support below is 2246-2241. If it falls below the support, consider the 2226-2218 range.
If it falls to around 2226-2223, you can try to trade long and pay attention to controlling the position. The rebound resistance will be concentrated at 2232-2236.
If the bulls make another effort to break through the resistance of 2258-2263, there is a high probability that it will reach a new high. Consider the 2271-2277 range, and at the same time prevent the market from forming a double top near 2270.
To sum up, my overall trading idea is to short at high levels.
Gold's rise has reached its peak and is bound to fall
After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high.
Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum.
The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back.
My suggestion is to go short near the high price of 2265-2268 US dollars.
TP: USD 2150
Second TP: $2142
SL: $2278