GOLD Bullish Bias!HI,Traders !
GOLD is trading along the
Rising support line
In a strong uptrend
And the is about to
Retest the support line from
Where we will be expecting a
Further local move up !
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Xauusdupdates
Can gold break through the high-level fluctuations?Gold technical analysis: Yesterday, the gold price fluctuated and rebounded all the way. Today's early trading is close to the historical high of 2940 again. So can it successfully break through 2940 and set a new historical high again? The more times a position is tested, the greater the probability of breaking. Therefore, the probability of gold prices reaching a new high is very high.
At present, the support below is mainly in the 2915-2910 area. In addition, we also know that last year’s market also tested retracements near consecutive historical highs. Then there was a retracement near 2940 on Friday last week. Today’s 2940 retracement. I don’t know if 2940 will continue to suppress the retracement in the future. But you can still try a short-term short near 2940. After all, the cost-effectiveness of the retreat here is very high. The defense is very small. The short-term retreat is considerable. Of course, this is an aggressive approach. If you are prudent, wait for the gold price to rise and then participate in the retreat. At present, the author only sees the pressure of 2955. Therefore, if it hits the 2955 line, you can do a good job of risk control and participate in the retreat.
On the whole, today's short-term operation of gold recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2940-2942 first-line resistance, and the bottom short-term focus is on the 2905-2900 first-line support.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2940-2942, stop loss 6 points, target around 2930-2920, break to see 2910 line;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2906-2910, stop loss 6 points, target around 2920-2930, break to see 2940 line;
XAUUSD:Shocking reversal, short selling has wonAfter the London market started, short gold at 2930-2933, target 2915, in fact, the price only dropped to around 2916, although it did drop a lot, but it was still a bit regrettable that it did not reach TP.
After the notification followed the closing of the order, short gold immediately in the range of 2930-2925. Currently relevant trading opportunities have been published in my analysis circle, remember to keep previewing.
XAUUSD: 21/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 3000, support below 2892
Four-hour resistance 3000, support below 2920
Gold operation suggestions: Gold continued to rise strongly in the Asian and European sessions yesterday. The European session accelerated the breakthrough and stood above the 2950 mark to further create a historical high. However, the gold price was under pressure at the 2954 mark before the US session, and it fell back and fluctuated. The US session accelerated downward to break through the 2930 mark and continued to fall to around 2924, and then began to rebound.
From the current 4-hour analysis, today's lower support continues to focus on the vicinity of 2920, the daily level support is 2892, and the upper pressure is above the 2958-60 line. The overall support continues to rely on this range to sell high and buy low, and wait patiently for key points to enter the market.
BUY:2924near SL:2920
BUY:2892near SL:2888
Will gold continue to rise after rising and then falling?Technical analysis of gold: Gold has been very strong recently, but I didn't expect it to be so strong. The European session directly set a new record high again. At the daily level, after the sharp drop last Friday, gold did not continue its downward trend this week. In the evening, we still focus on the support of the short-term moving average MA5 and MA10. If gold wants to continue to decline today, these two supports are the key. At present, the short-term moving average MA5 is near 2915, and MA10 is near 2900. At present, the overall performance of the market is strong. Another breakthrough after the shock adjustment will further increase the price of gold, and this time it will be aligned with the target of 3,000 points. It is expected to return to this week. Please wait and see!
On the whole, today's short-term operation of gold recommends mainly going long on callbacks, supplemented by shorting on rebounds. The top short-term focus is on the 2946-2950 first-line resistance, and the bottom short-term focus is on the 2905-2900 first-line support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2946-2950, stop loss 6 points, target around 2930-2920, and look at 2910 if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2906-2910, stop loss 6 points, target around 2920-2930, and look at 2940 if it breaks;
Gold operation strategy: long positions are strong but don’t chaFrom the current 4-hour trend, the support below is around 2905-2908, and the short-term pressure above is around 2940-43. The overall rhythm of high-altitude low-multiple cycle participation remains unchanged by relying on this range. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Go long when gold falls back on the 2914-2916 line, cover long positions when it falls back on the 2905 line, stop loss at 2894, and target the 2940-2945 line; continue to hold if the position is broken!
Gold market analysisIn the early trading today, gold suddenly plunged by more than $20 in the 2950 area, and then rebounded quickly, showing the intensity of the game between the long and short sides. At present, the support strength of the 2925-2920 range below is significant. Once this support level is effectively broken, the bears will take the initiative in the market. However, if the gold price is to fall sharply, it needs to successfully overcome the support of the 2915 area where the 10-day moving average is located. Since the current round of market started to rise from 2580, the price has been steadily climbing along the 10-day moving average. Therefore, only by breaking the 10-day moving average can the bears fully control the market rhythm and then test the 2900-2880 range downward (this range is the key watershed of the medium-term trend). Before the 10-day moving average is broken, the gold price will continue to try to rise
repeatedly.
There is strong suppression in the 2950-2955 range, so we can consider buying on rallies, and at the same time, we need to pay attention to the short-term pressure in the 2940-2942 area. If the gold price breaks through a new high again, it is likely to continue to rise and fall. At this time, we should pay close attention to the suppression of the 2965 area and the 2980 area. As for the 3000 mark, there is no condition for a breakthrough this week. Judging from the current situation, the possibility of a sharp rise in the gold price today is low. In terms of short-term operation ideas, it is recommended to focus on rebound shorting, supplemented by retracement and low longs. The short-term focus on the upper side is the 2940-2945 line of resistance, and the short-term focus on the lower side is the 2910-2905 line of support.
Gold falls back to 2910-2912, buy at 2910-2912, stop loss at 2903, target at 2920-2930. For short positions, pay attention to the situation around 2940 and enter the market when the opportunity arises.
Gold may set a new high, aiming directly at the 3,000 mark!Gold fell briefly under the double top pressure at the high point of 2942, and then took a small wave of correction. Yesterday, it rose again and the price approached 2940. It has been trading sideways at a high level from the opening of the market this morning to the afternoon. Will the market form a three-top top pattern or will it hit the 3000 mark?
From a technical point of view, the strong in the bull market often encounters resistance. Generally, it will be tested many times and form a break-up and rising market. The magnitude of the suppression of the decline will not be too large, so the resistance of the bull trend market is used to break the position. The probability of winning by following the trend is far greater than that of winning by going short against the trend.
If you look at the three-top top pattern near 2942, the price will generally fall rapidly after touching it, and close with a long upper shadow line. Only when it meets this pattern can you see the top. But now it is obviously not. Instead, it continues to fluctuate sideways near the high point, accumulating momentum to rise. It is only a matter of time before it breaks. The probability of breaking today is very high, and it may set a new high and point directly to the 3000 mark. If the European market goes up and falls back in the evening, there will be a second rise.
It's just that the price is hard to find here. You can focus on the 2930 line to be bullish, or you can go long without waiting for a pullback and see a breakout and rise. The watershed is 2924. If it falls below this position today, it will be meaningless to be bullish. The upper pressure is 2950-2960! If it breaks the high, it will continue to rise in the evening. If it falls back, it can rise again.
In terms of trading, yesterday's intraday fluctuations rose, the European session was long at 2908, and the profit was successfully stopped at 2919 in the evening, winning 11 US dollars. After the long order stopped profit at 2919, it was directly shorted. The US session continued to rise and the stop loss was at 2926, losing 7 US dollars; two orders made a profit and one loss, making a small profit of 4 US dollars.
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
Change of Characteristics
RSI - Divergence
Can the gold bullish force continue? Interpretation of European From the current observation, the 2922-2925 range constitutes the current main resistance zone. Once the gold price successfully stands above 2925, the breakthrough of the previous high of 2930-2942 will be just around the corner, and the market is bullish. The 2911-2909 area below has built a solid support line. As long as the support is not effectively broken, the gold price is expected to continue the bullish trend during the European session. Therefore, for European trading, we recommend that the callback is mainly long, and the rebound is supplemented by high shorts, and a steady layout is made, waiting for good news.
Operation strategy 1: It is recommended to pull back to 2912-2907 long, stop loss 2900, and the target is 2925-2930. Break to see 2945.
Operation strategy 2: It is recommended to try to go short near the rebound 2937, stop loss 2945, and the target is 2915-2905.
Gold layout strategy todayGold midnight plan: retreat to 2923-2918 and stabilize once more, target 2932-2940, stop loss 5 US dollars.
If the gold price breaks below 2918 US dollars/ounce, it will stop the expected bullish trend and push the gold price to regain the main shock trend.
It is expected that the gold price will trade between the support level of 2923 US dollars/ounce and the resistance level of 2946 US dollars/ounce today.
100% evening gold analysisThe weekly support level of gold is 2715.00, the daily support level of gold is 2772.00, and the 4-hour pressure level of gold is 2938.50.
Today's recommendation: short gold in the 2939.00 area (the default stop loss is 5 US dollars, and the profit is 5 US dollars to set a break-even stop loss, and the pursuit of a high winning rate is 7.5 US dollars. The band moving stop loss protects the existing profit and holds it until the stop profit)
Will gold fall again after stabilizing and rebounding?In terms of short-term gold operation ideas, it is recommended to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 2916-2920 line of resistance, and the short-term focus on the lower side is the 2890-2895 line of support. It is necessary to control the position and stop loss, and set a stop loss strictly.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2916-2920, stop loss 6 points, target around 2900-2895, break to see 2890 line;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 2890-2893, stop loss 6 points, target around 2900-2910, break to see 2915 line;
Real-time gold trend analysisSpot gold continued to rise during the European session and continued to hit a record high. Fundamentally, it is still in the stage of risk aversion pricing. Whether it is the slowdown in the Fed's interest rate cut expectations or the rebound of the US dollar index, it cannot stop the upward trend of gold prices. At present, before the fundamentals turn, gold prices are expected to rise further, and after the technical level is corrected, it will rise again. Maintain a bullish attitude during the day and pay attention to whether the geopolitical situation is eased and whether there is new progress in the trade situation.
On the technical side of gold, gold hit a new high of 2946 again on Wednesday, but it did not continue after the high. The US market fell, and the price fell to 2918 at the lowest. It rose again in the late trading and the K line closed flat. The daily line recorded a Yin cross line. So will the market continue to rise or enter adjustment? From the perspective of form, the cross star is preceded by a continuous positive line. Don't think it is stagflation. On the contrary, there is no increase in volume to a great extent. This trend must be followed. The US dollar rebounded and fell again, so gold operations continue to follow the trend and look up.
Structurally, gold is currently in a strong bullish trend. The price at the daily level has risen strongly based on the 5ma, with the maximum retracement of 10ma. Currently, the 5ma has moved up to the 2920 line and the 10ma has moved up to the 2910 line. In the short term, only if it breaks through 2910 will there be a larger decline. In the short term, the 2920 support level will be maintained and repeated adjustments will continue to push up. In the short term, the upper side looks to be around 2955-2975. However, now that it is near the end of the week, we must remain cautious while being bullish and beware of the risk of a reversal!
Recommended to buy at 2950, stop loss at 2945, target at 2958-2965;
Gold evening operation strategy, bulls break out and continue toGold started to move upward after trading sideways yesterday morning. After reaching a high of around 2915, it moved sideways again in the European session, but moved upward again in the U.S. session. As of now, it has reached a record high of around 2947 before retreating. The daily line also closed in the form of a large positive line again. At present, the overall trend is upward. Although the 4-hour line has retreated, the bullish trend is still intact, and the lower Bollinger track has also extended upward, indicating that the short-term downward space for gold prices is limited. Gold is still expected to continue to rise in the future, and the short-term suppression port above is still maintained at the high level of 2947-50. If it breaks, it will look at the 2958-60 line. Every pullback is an opportunity for everyone to go long.
Judging from the current 4-hour trend, the lower support is around 2918-2920, and the upper short-term pressure is around 2947-50, with a focus on the 2958-60 line of suppression. The overall rhythm of participating in the high-altitude and low-multiple cycles remains unchanged relying on this range.
Gold falls back to 2918-2920, buy long positions, fall back to 2908, add long positions, stop loss at 2898, target at 2947-2950, break to 2958-60;
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold BullishThis commodity has been on a bullish momentum ever since we had a pullback towards the 2875 Zone.
I anticipate that we might revisit the All Time High @ 2942.
GOLD Will Go Down!
HI,Traders !
GOLD has made a retest
Of the horizontal resistance
Of 2940.01 and we are already
Seeing a bearish reaction so
We are bearish biased and
Therefore a local bearish
Pullback is to be expected!
Comment and subscribe to help us grow !
Gold fluctuates upward, and continues to rise after falling backYesterday, the US inflation data exceeded expectations, and the rebound in inflation further supports the Fed's policy of not continuing to cut interest rates in the near term. Fed Chairman Powell's testimony on Tuesday and Wednesday also reiterated that the Fed does not need to cut interest rates urgently. The main driving force for the rise in gold still comes from a series of remarks by Trump on tariffs, followed by geopolitics and central bank gold purchases. Technically, gold fell sharply in the US market yesterday and then reversed sharply. Gold continued to be bullish in the Asian market. The bulls were very strong. The European and American markets were still dominated by low longs. Pay attention to the support levels of 2908 and 2900 below.
Gold recommendation: Gold is long near 2908 or 2902, with a target of 2921-2935.
Gold continues to rise and continues to reach new heightsAfter opening at 2928 points, gold climbed all the way to 2933 points, but then fell back due to resistance, with the lowest callback reaching 2923 points. Then gold began to stabilize and rebound from 2923 points, successfully breaking through the morning high of 2933 points, and continued to rise to a high of 2936.75 points. At present, the market is bullish, and the previous high of 2942 points seems to be within reach.
European session operation strategy: It is recommended to go short with a light position in the current price area of 2934-2940, with a stop loss of 2946 and a target of 2918-2905.
Gold high pressure continues to shortGold rebound means short selling. Gold seems to have a strong rebound in the early trading, but the high level of gold is still under pressure. Gold is just a rebound, and the gold bulls may be short-lived. Gold rebounded and the current price of 2909 in the early trading was directly shorted. Gold is still under pressure from the double top structure at high levels. Gold rebounds to continue to give short opportunities. Gold 2910 is still a key position for long and short. If gold fails to stand firm at 2910, then gold shorts still have opportunities. Gold rebound is not a restart of longs, but an opportunity for shorts.
Gold operation ideas:
Gold short at 2910, stop loss at 2919, target at 2890-2880;
XAUUSD H1: Wyckoff with chart!Update for you guys from Wyckoff's perspective in Elliott wave, the price has reached 2946 as updated for you guys yesterday. Currently TPO is still in an uptrend, but when reading through the Elliott wave structure, UTAD is predicted at 2946, because when this level is reached, the new ATH price is also 5 psychological waves formed, so the possibility of "TRAP" is very high or can be understood according to Wyckoff as a UT phase or Up Thust Action, in case of sustainable increase, it is necessary to observe the test point, otherwise today it is easy to reverse at 2946, and I only trade when there is a certain confirmation, so today I will take precautions to warn you guys to pay attention, if there is an entry signal, I will notify you!.
XAUUSD: Will It Break Through $3000 Next Week?XAUUSD's performance in the recent period has attracted much attention from investors. Whether it can break through the $3000 mark next week has become a hot topic of discussion.
I. Data Analysis
The weekly US employment data released at 21:00 on February 20th had a crucial impact on the gold price trend. Employment data is an important barometer of the US economic situation. When the data is poor, the market often becomes worried about the US economic outlook, which in turn prompts investors to seek safe - haven assets. As a traditional safe - haven tool, the demand for gold will increase. Conversely, if the data performs well, the market's confidence in the economy strengthens, and the safe - haven appeal of gold weakens. After the release of this employment data, the gold price dropped rapidly, fully demonstrating the market's high sensitivity to this data. Next week, investors need to closely monitor the release of new economic data, especially the Federal Reserve's monetary policy trends and other important economic indicators. These factors can all have a significant impact on the trend of XAUUSD.
II. Support and Resistance Analysis
From a technical analysis perspective, the important support level for XAUUSD currently is around $2900. This support level is formed jointly by the previous low price and the moving - average system, and it has strong supporting strength. Once the price pulls back to this area, it is likely to be supported and rebound. The key resistance level above is around $2960. The gold price has failed to break through this level after several attempts previously. If XAUUSD can break through this resistance level next week, it will open up new upside potential and create favorable conditions for challenging the $3000 mark. However, if it encounters resistance and falls back near the resistance level, the price may continue to fluctuate within the current range.
III. Trading Strategy
Based on the current market situation, it is expected that gold will decline in a volatile manner in the short term. For traders, waiting for the price to rise and then short - selling may be a more profitable strategy.
Today's trading strategy: xauusd sell@2950 - 2960
TP: 2930 - 2920 - 2900
We release professional and accurate market analysis every day, aiming to help every trader make profits in their investments. The trend of XAUUSD next week is full of uncertainties. Investors need to closely monitor market dynamics and make investment decisions carefully, taking into account their own risk - tolerance.
