Opportunities to go long appear againDear friends, gold has pulled back to the 2288-2286 area as expected. First of all, congratulations to everyone. Our short position finally touched our target position, TP: 2288. At present, gold is under pressure to adjust downward after hitting the highest position of 2305. So where will gold fall?
According to the current gold trend, gold is currently setting new highs every day, and there is no obvious peaking signal. Therefore, even if gold experiences a short-term correction, do not imagine that it will turn into a downward trend.
We can currently find that gold is currently supported at 2285 and 2275. If nothing unexpected happens, I think gold will most likely rebound at these two positions. If gold pulls back to around 2285 and stabilizes, then there is a high probability that it will break through 2300, or even touch around 2320. If gold pulls back directly to 2275, then the strength of the counterattack may not be so strong. The probability will continue to be maintained in the 2310-2290 area.
So in terms of trading, next I suggest that you enter the market in batches to do long gold around the two positions of 2285 and 2275. 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.
Xauusdsetup
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.
After falling back to confirm support, and go long goldDear friends, gold hit its highest level near 2288 and then fell back. It is currently trading near 2271. Gold is currently showing an irrational market. On the one hand, due to the situation in the Middle East and the expansion of the conflict between Russia and Ukraine, safe-haven assets have been rushing into the market. On the other hand, silver and oil have made up for the gains, boosting the rise of gold.
Judging from the current gold trend pattern, gold breaks through new highs every time, then pulls back to determine support, and then climbs upward again to set a new high. In other words, during the rise, it is accompanied by corrections that sweep away space. However, according to the current trend,gold remains on a strong upward trend.
For current trading, due to the irrational market, technical analysis is lagging behind, and market sense and flexibility have become the most important. At present, for gold, I think there are profit opportunities for long gold or short gold. The key is to grasp the trading rhythm. First, the current short-term support is located in the 2268-2266 area, and secondly, it is located in the 2260-2258 area. Therefore, in short-term trading, we can do long gold in batches around these two areas. The top currently reaches the highest level near 2288, and is facing psychological pressure from the 2300 integer mark. Therefore, in the short term, we can short gold in batches in the 2290-2300 area and make mid- and long-term plans.
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.
Dollar and gold rose in tandem as Fed rate cut bets eased againHopes for an early Fed price reduce had been dashed once more on Monday after upbeat records became launched from the US. The ISM production PMI rose greater than predicted in March, mountain climbing above 50 into enlargement territory for the primary time considering September 2022. Furthermore, the fees paid index additionally rose, accomplishing its maximum stage considering September 7, 2022, in a brand new signal that inflationary pressures are not there. absolutely disappeared.
The robust PMI comes warm at the heels of Friday`s tame center PCE print and Fed Chairman Powell's hawkish comments. While CPI and PCE records preserve to aid the view that inflation usual stays on a downward trajectory, albeit an an increasing number of shallow one, different signs underscore the Fed's warning approximately the outlook price.
Then the price reduce in early June started to appearance doubtful, and the percentages of a 25 foundation factor Fed price reduce fell to approximately 60%. More importantly, buyers are actually pricing in a smaller reduce for all of 2024 than what the contemporary FOMC dot plot projected only a few weeks ago.
Fed economic data flow chartThe private intake expenditures (PCE) fee index, which the Fed makes use of to set its 2% inflation target, rose at a 2.5% annual price in February, up from 2.4% visible in January. Core inflation, which strips out risky meals and electricity prices, rose 2.8%, down barely from a revised 2.9% boom in January. Neither parent is possibly to reinforce growth. boosted Fed policymakers` self belief that inflation will steadily go back to their target.
The customer fee index (CPI) rose 3.2% yr-on-yr in February, up from 3.1% the preceding month and better than analysts expected. Meanwhile, the benchmark hobby price with the exception of meals and electricity fees best fell to 3.8% from 3.9%, some other reminder that the Fed's inflation strugglefare ought to closing longer than expected. guess. Rising fuel and housing fees contributed in large part to the boom in CPI. Whether the Fed's hopes of constantly lowering housing fees is forthcoming stays uncertain.
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 builds a double top structure, short gold!Dear friends, due to the escalation of the geopolitical conflict in the Middle East due to the Israeli air attack on the Iranian consulate, gold rose for a time and once again set a new historical high. The current maximum has reached around 2267.
Judging from the current trend of gold, the position of 2267 is very extreme, because from a technical perspective, this position should be a stage high point, but stimulated by the news, there is still a probability of refreshing this position. However, one thing that is certain is that I will definitely not chase long gold above 2260, even if gold really continues to rise. Because 2267 is actually a dangerous zone for me.
From the perspective of gold structure, gold may reach the top in the 2265-2268 area many times to form a top structure, and then gold is likely to start falling from there. From a structural point of view, I predict that the highest position of the top of gold can reach around 2278, almost close to 2280.
So in terms of trading, first of all, I do not recommend chasing long gold above 2260; secondly, you can try to short gold in small batches in the 2263-2265 area. If it remains relatively stable, you can also wait for gold to rise to the 2275-2280 area before shorting gold. .
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.
XAUUSD: Profit of 60 points today
Today, gold opened higher, the highest hit near 2265, after the release of the United States March ISM manufacturing PMI, more dollar, bearish gold, gold once reversed today's gains fell to near 2228, the first price near 2240.
Today, the operation of the last order gained 100 points, an order stop loss of 40 points, the overall profit is still profitable, the current 0.618 Fibonacci series is near 2252, we can sell light positions near 2252, stop loss of 50 points.
If you have a problem in trading, trust me, I will help you out!
Unveiling Gold: A Financial Analyst's PerspectiveIn the realm of finance, gold stands as a steadfast pillar, embodying stability and value. As a financial analyst, exploring the intricacies of gold reveals a wealth of insights into market dynamics and investment strategies.
Gold's enduring appeal lies in its dual role as both a commodity and a currency. Its scarcity, intrinsic value, and historical significance make it a sought-after asset, particularly during times of economic uncertainty.
Understanding the factors influencing gold prices requires a comprehensive analysis of global trends and macroeconomic indicators. Geopolitical tensions, central bank policies, and currency fluctuations all contribute to the volatility of the gold market.
Moreover, gold's versatility extends beyond traditional investment avenues. Its applications in jewelry, technology, and industry add layers of complexity to its demand profile, influencing market sentiment and price movements.
As financial analysts, navigating the complexities of the gold market involves diligent research and astute analysis. Examining historical trends, assessing supply and demand dynamics, and staying abreast of geopolitical developments are essential for making informed investment decisions.
In conclusion, gold remains a cornerstone asset in the financial world, offering stability and diversification benefits to investors. By viewing gold through the lens of a financial analyst, one can gain valuable insights into its role within the broader economic landscape and capitalize on emerging opportunities.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold closed last week deeply entrenched in negative territory, facing strong headwinds from a resilient US Dollar (USD) which hindered XAU/USD from capitalizing on declining bond yields. The Federal Reserve's March meeting highlighted the urgency for policymakers to consider interest rate reductions, despite recent inflation reports suggesting a potential reacceleration. This initially propelled XAU/USD to reach new all-time highs, albeit briefly.
Presently, the US economy exhibits signs of resilience, with the Federal Open Market Committee (FOMC) projecting a growth rate of 2.1% for 2024, up from the previous estimate of 1.4%, while maintaining the Unemployment Rate at 4%. Attention now turns to inflation metrics, particularly the Personal Consumption Expenditures (PCE) index, favored by the Fed, which is anticipated to reach 2.4%, with core PCE projected at 2.6%, an increase from 2.4%.
As we prepare for the upcoming week, this video serves as a guide to navigating the current market dynamics, offering insights into potential strategies amid these shifting economic conditions.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,145 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,145 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
XAUUSD will continue to fall + attached trading instructions
XAUUSD follows huge profits last Friday. It closed at around 2154.5. Driven by the weekend's news, the market fell again on Monday and hit a new low, with strong short positions. After the Asian session started on Monday, the XAUUSD market hit the 2157 position, but did not stand firm. Then it plummeted to the 2146 line. After several hours of consolidation at the low level, the market quickly returned to above 2160. The highest reached a position near 2163.6. Finally, it closed near 2160.
Observed based on Monday's market, the market is obviously still in the stage of long and short competition.
News: Expectations for interest rate cuts have declined. Geopolitical weakness. As well as a small-scale recovery of the U.S. economy, these are the conditions for bears to take advantage. Looking back at the bulls: the probability of an interest rate cut has dropped to 50%, which undoubtedly reduces the resistance to the rise of the US dollar, and at the same time, the risk aversion caused by the war has cooled down. This gives gold a lot of resistance when it rises.
Technical aspect: The currently maintained vicinity of 2160 is still a very important level for the long and short competition. 2160 serves as the front support and pressure switching position. Currently, it is due to the rebound of gold yesterday that has driven the rise of the market, but I think the space above is not very big. . And the upper 2163 has not yet completely broken through. Even if the entity breaks through. The 2168-2172 above is also a very important short-term strong resistance position. In addition to the news, there is still nothing that can make gold rise sharply. So I think the market can still mainly sell gold.
Operation suggestions:
Sell near 2161-2164
TP:2148
SL:2176
When trading as a non-VIP member, remember to control trading risks. Control the number of transactions.
XAUUSD:Today’s Data Trading Strategies
The indicators on the 1h chart are also trending towards the short side now. It depends on whether the support in the 2185-2181 range is effective. In my opinion, the probability of falling below is greater.
At the same time, there is data released today. Judging from the data released last week, today’s data has a higher probability of being beneficial to the bulls. If the market falls back to the 2174-2169 range before the data is released, you can trade longs first.
Pay attention to the resistance of 2186-2192. If there is no breakthrough, go short.
If the data does not match expectations, it will be beneficial to short sellers and go short directly.
Unlocking Opportunity on Gold (XAU/USD)💰1. **Trading Opportunity Alert**:
- Gold's at the **2185 resistance**—a fortress guarded by dragons. 🐉
- But wait! A break and retest? That's like a secret passage opening up. 🗝️
- Traders, grab your maps and compasses! 🗺️
2. **Geopolitical Scenarios and Gold**:
- Geopolitics? It's like gold's secret rendezvous with drama. 🌎
- When tensions rise (cue dramatic music), gold slips into its superhero cape. 🦸♂️
3. **Fed Rate Cuts and Gold Prices**:
- The **Federal Reserve (Fed)** wields its interest rate wand, and gold dances to its tune! 🪄
- When the Fed lowers rates, gold's allure sparkles brighter. Why? Because other assets suddenly seem less dazzling. 💫
- Imagine gold as a glamorous celebrity at a party. When rates drop, it's like the paparazzi swarming around, snapping pics. 📸
- **Conflict Mode**: Israel-Palestine, Russia-Ukraine—these plot twists send gold soaring. 🚀
- Picture gold as James Bond: cool, collected, and ready for action. 🕶️
Remember, in the financial saga, gold's the mysterious protagonist. Keep an eye on those plot twists! 😉📈🌟
Disclaimer: This is not financial advice, must make their own decisions.
Unlocking Golden Opportunities💰1. **Trading Opportunity Alert**:
- Gold's at the **2185 resistance**—a fortress guarded by dragons. 🐉
- But wait! A break and retest? That's like a secret passage opening up. 🗝️
- Traders, grab your maps and compasses! 🗺️
2. **Geopolitical Scenarios and Gold**:
- Geopolitics? It's like gold's secret rendezvous with drama. 🌎
- When tensions rise (cue dramatic music), gold slips into its superhero cape. 🦸♂️
3. **Fed Rate Cuts and Gold Prices**:
- The **Federal Reserve (Fed)** wields its interest rate wand, and gold dances to its tune! 🪄
- When the Fed lowers rates, gold's allure sparkles brighter. Why? Because other assets suddenly seem less dazzling. 💫
- Imagine gold as a glamorous celebrity at a party. When rates drop, it's like the paparazzi swarming around, snapping pics. 📸
- **Conflict Mode**: Israel-Palestine, Russia-Ukraine—these plot twists send gold soaring. 🚀
- Picture gold as James Bond: cool, collected, and ready for action. 🕶️
Remember, in the financial saga, gold's the mysterious protagonist. Keep an eye on those plot twists! 😉📈🌟
Disclaimer: This is not financial advice, must make their own decisions.
XAUUSD:2178-2174 support, go long
Today we successfully touched the resistance of 2183. There is a high probability that there will be a pullback near 2185-2189, but the bulls are not done yet. The pullback supports 2178-2174.
Go long again without falling below the support. The strong resistance this week is around 2192-2196. If there is news to cooperate, it should be able to touch around 2202, when shorts will dominate.
The Golden Thread: Insights from a Financial AnalystAs a financial analyst with a keen eye on market trends, I am often drawn to the timeless allure of gold and its intricate role within the global economy. In this discourse, I aim to unravel the multifaceted significance of gold as perceived through the lens of financial analysis.
Gold, with its lustrous sheen and unparalleled scarcity, has long captivated the human imagination. Beyond its aesthetic appeal, gold serves as a cornerstone of stability in the tumultuous world of finance. As a safe-haven asset, it offers investors a hedge against volatility and economic uncertainty, preserving wealth through times of crisis.
Moreover, gold's intrinsic value transcends cultural and historical boundaries, making it a universal symbol of wealth and prosperity. Its role as a store of value dates back centuries, underpinning the monetary systems of ancient civilizations and shaping the modern financial landscape.
From a portfolio management perspective, gold's low correlation with traditional assets presents compelling opportunities for diversification. Its ability to mitigate risk and enhance risk-adjusted returns makes it an invaluable component of well-balanced investment strategies.
Furthermore, gold's utility extends beyond its monetary value. With applications ranging from jewelry to electronics, gold plays a crucial role in various industrial sectors, ensuring sustained demand and market liquidity.
In the face of evolving economic dynamics and geopolitical uncertainties, gold remains a steadfast anchor in the investment universe. Its enduring allure as a tangible asset with intrinsic value underscores its resilience amidst changing market conditions.
As we navigate the complexities of the financial world, it's essential to recognize the significance of gold as more than just a commodity. It represents a timeless symbol of stability, wealth, and enduring value—a golden thread that weaves through the fabric of human history and financial markets alike.
In conclusion, gold stands as a testament to the enduring power of beauty and value in an ever-changing world. As a financial analyst, I encourage investors to embrace the insights gleaned from this timeless asset and to appreciate its role in shaping the landscape of modern finance.