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XAUUSD: This week's summary and next week's trading ideas Recent spot gold trend is strong, the situation in the Middle East brought about by the risk aversion to the gold price constitutes obvious support, gold bulls stood on Friday 2000 US dollars, once on the 2008 US dollars. On the evening of the 28th, Israel again bombed a house in Gaza. On the 27th, the United Nations adopted a draft resolution on the Palestinian-Israeli issue, calling for a truce. In addition, Friday's events between India and Pakistan, northern Myanmar, and the US air strike on Syria have brought new variables to the geopolitical risk. However, the US economy remains strong, the data released in the week showed that the US GDP grew by 4.9% in the third quarter, and the pressure on the Federal Reserve to raise interest rates further remains, which has a certain pressure on gold prices. Gold has recently shown a strong upward trend, although it has retreated in the short term, but the overall trend remains upward. It is expected that the market will usher in a large probability of continued rise in the future. Next Monday's operation is recommended to be mainly low. Gold:buy@2000-2002 tp 2015-2023 If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSD
by HectorBrown1
XAUUSD LONG AND SHORT SETUPHi Guys, I'm going to update my analysis on gold. Yesterday after touching our demand level at 1964 price rallied up more than 200 PIPS which was absolutely amazing. Now today I'm back with new setups. Area 1979 - 1977 is an fresh area which has not been touched yet so price could react to it and give us a good trade. If price passes through that next area would be 1974-1971 which has been tested once yesterday and has already proven itself. if rallying up continues resistance level 2001 is gonna be the first level to monitor and following that we have 2010 -2022 as a H4 time frame supply level. So currently, best course of action is to wait and see how price responds to our intended areas of supply and demand. I also will keep you updated of my thoughts on this analysis. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
Analysis of gold’s trend this week Gold has experienced one rally after another this week: Fundamentals of the Palestinian-Israeli conflict, Thursday's Fed Powell speech Rising after continued technical correction There was no new breakthrough when it hit 2000 on Friday. Due to the fundamentals of the Palestinian-Israeli conflict, various countries continued to intervene, the U.S. economy continued to maintain a stable signal, and technically, the gold price needed to be corrected. A series of events such as this led to gold not successfully rising to 2000, otherwise, a new trend will form immediately. From my chart, I can see that gold needs to be corrected downward. Whether it continues to rise depends on whether the price of the corrected support point continues to rebound, and we find that the price range for the downside is sufficient. We need to pay attention to the updated changes in the Palestinian-Israeli conflict over the weekend. Once the risk aversion sentiment is eased, gold will continue to correct downward next week.
FX:XAUUSD
by Krause_Philipp
1
Continue to profit from gold tradingToday I have given you two trading ideas, one is to short gold in the 1949-1951 area, and the other is to continue to short gold in the 1958-1960 area. After gold hit its highest level near 1962, gold fell directly to around 1938. Our gold short order made a perfect profit, and we also made a lot of profits. For the next gold trading, I think according to the technical analysis of gold charts, gold should start to fall. However, the current conflict in the geopolitical situation has led to a surge in market risk aversion, which has played an absolute supporting role for gold.Therefore, for the current market, we cannot rely entirely on technical analysis. We should combine market news to judge the direction of the gold market. If the geopolitical conflict escalates and spreads, then gold will definitely continue to rise, but if the geopolitical conflict eases slightly, then gold will completely return to its technical aspects. For the short term, we first focus on the support in the 1936-1934 area, and the upper side first focuses on the resistance near 1968-1970. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio
XAUUSD: Lucrative week, next week The Israeli-Palestinian conflict escalated sharply, and panic helped gold jump more than $60. At the same time, the Federal Reserve spoke, sending a heavy signal, or ending the pace of interest rate hikes. Next week brings the focus of the Fed's frequent speeches, especially whether Powell has brought surprising remarks. Next week watch for a continuation of the rally above 1920, with new highs continuing to see resistance pressure in the 1947-1950 area. At the same time, if the market continues to fall back and adjust, it has fallen below the 1920 position and continues to see support at the 1900 position. We also made a profit of nearly 150 points this week, and next week we will focus on whether the conflict escalates! If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
Risk aversion is rising, making money by going long goldtoday is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900. Obviously, gold perfectly hit my expected profit target position, and we successfully harvested a profit margin of about 10 US dollars. In fact, there is not much room for fluctuations in the US dollar today, so the sharp rise in gold is entirely due to the market's concern about weekend news. Therefore, gold gained $50 during the day. Driven by risk aversion, I believe that above 1915, at least today, we should not continue to be long gold and beware of gold falling back. In fact, from a technical perspective alone, gold should start a correction, but geopolitical conflicts have brought a certain degree of uncertainty to it. If there is no new news during the weekend, then I think gold may start a correction at any time next week. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio
XAUUSD: Today's gold analysis and advice The day will focus on the United States September import price index monthly rate, the United States October one-year inflation expectations, the United States October University of Michigan consumer confidence index preliminary value, according to yesterday's data performance, the evening data will be biased towards bearish gold prices, coupled with 2023 FOMC voting committee, Philadelphia Fed Chairman Harker on 2023 economic prospects speech. From the daily line, the Bollinger band closed, the gold price yesterday rose to the first line of 1885 dollars, that is, near the Bollinger medium rail resistance, which is also an important support position for gold in late August, a place where the top and bottom conversion, breaking through this position to open the space above. 4 hours, the Bollinger belt has signs of closure, the price of gold in the upper track near the resistance after the pullback, in the impact of the data back to yesterday's 1870 support line, did not form an effective break, then, the day's gold prices are likely to maintain in 1870-1875 this range of oscillations, before not falling below the 1870 line, gold short line or more shocks, Even if it is to fall, there will be a second test resistance process, today's gold price short-term attention above the 1885 line of resistance, below the 1870 line of support. Short-term strategy reference: High probability scenario: bullish above 1865, target 1890-1900; Low probability scenario: Bearish below 1865, target 1855-1850. If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
Short gold in the short term and continue to make moneyToday I tell you in advance that the short-term resistance of gold is in the 1885-1890 area, so I remind everyone not to continue to be long gold above 1880. In addition, before the CPI data was released, I informed everyone to short gold from 1883-1885. If gold rises to the 1888-1890 area, we will increase our positions to short gold. Obviously, the market did not give us any more opportunities to increase our positions, and after the CPI data was released, gold fell to a minimum of around 1871, which perfectly hit my expected profit target area of 1876-1875. Congratulations to all of us for making good profits. Judging from the current gold trend structure, gold is currently falling back to around 1871, and gold has not stabilized above 1880. Then gold is likely to continue its downward trend, so now we focus on the short-term support area below 1863-1865. If gold falls back to this area , we can start trying to go long gold. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Antonio
2
Trading strategies that are sure to make moneyDue to the dovish remarks of the Federal Reserve and geopolitical conflicts, gold rose further. After hitting a low of around 1853 overnight, it rebounded again and has now reached a high of around 1870. According to the current structural trend of gold, if gold breaks the $10 fluctuation range in the past two days, gold may maintain its upward trend for the time being. The initial pressure above is in the 1878-1880 area, while the first support below is in the 1861-1859 area, followed by the 1856-1854 area. Therefore, for gold trading, stable friends can wait for gold to fall back and then go long gold based on the relative support level. Friends with aggressive trading styles can participate in a short-term short-selling opportunity after gold touches the 1878-1880 area. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio
XAUUSD: Gold operation thought and analysis Gold jumps $30 as Fed downplays rate hike. The Israeli-Palestinian conflict continues to escalate and is expected to expand, and the sense of panic continues to rise. At the same time, the Federal Reserve again downplayed expectations of interest rate hikes, and the dollar ushered in a sharp retreat. Gold extended to a new high of 1865 today after yesterday's rally. Pullback 1853/1854 Long, target 1864-1870 If you are confused about trading, please join me, I believe you will have a great harvest!
FOREXCOM:XAUUSDLong
by HectorBrown1
Wait for gold to fall back and go long goldThe trading ideas I gave you today are still mainly about long gold at low levels, and I remind you that today we mainly focus on the short-term support position to do long gold. The first support position we focus on is the 1853-1851 area, followed by 1847-1845 area.We could consider going long gold around this support area. At present, gold has fallen back to the lowest level near 1855, and has not touched the position I expected. Therefore, I have not yet had the opportunity to participate in long gold. However, while waiting for gold to fall back, I informed everyone that you can short gold near 1859. , and manually close the position near 1857. It’s also fun to reap small profits while you wait. Judging from the current gold trend structure, gold is affected by the geopolitical situation. The current highest gold price has hit the 1865 resistance level that I reminded everyone two days ago. Relatively speaking, gold's short-term performance has been in line with my expectations. Therefore, at this stage, we need to pay attention to whether the situation continues to ferment and avoid risks. I personally expect there to be a two to three day rise, but in terms of trading, I will not blindly continue to be long gold near the 1865 position. I will wait patiently for gold prices to fall back before going long gold. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio