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Extremely weak and directly emptyIn addition to the Federal Reserve downplaying interest rate hike expectations and improving economic data, the recent rise in the U.S. dollar has also been fueled by the weak declines in the non-U.S. euro and the pound. Raising and lowering interest rates have become the trigger for global currency depreciation. The Federal Reserve still hints at a dilemma. If the authorities want to be re-elected, it cannot just cause inflation to rise and the economy does not improve. So who will elect him? So now inflation will be maintained for you. The hype continues in one area. At the same time, economic data must continue to report, making the economy prosperous under the government, and at the same time building momentum for the election, so the recent rise in the US dollar is also more necessary. There was no greater expansion of the situation over the weekend, there was no risk aversion, and gold opened lower. Nowadays, the market has become a rollercoaster with wide fluctuations. As long as you don’t chase the rise and fall, there is a high probability that there will be profit opportunities in both the long and short positions, and the fluctuations are 30 to 60 US dollars. In the past, everyone looked forward to the non-agricultural market every month, but now it is almost every day. , with such big fluctuations, the range and space of long and short changes have increased. Even if you talk about technology, the long and short news in the market will magnify the fluctuations at any time, and it is nonsensical. In general, gold bulls are still following the risk and hedging. They repeat the adjustment every morning in the European market, and then the US market turns V to recover in the middle of the night. Even if it falls, it can recover quickly. So today's operation is relatively simple, and talking about technology now is pale. Yes, it's nothing more than controlling the rhythm and position, it's about looking in one direction. After the opening of this trading day, the market price continued to fall, and 2360 failed to play a supporting role. Pay attention to several aspects for the day's layout. First, we have always emphasized the correction of the current market positioning. Continuous and repeated detours are to respond to the previous rise. The correction of the form has a solid range, suppressing 23600 and supporting 2320. We do not think that the correction rhythm is interrupted until either side is broken. The next operation is relatively simple. After the unilateral decline in the morning, the gold price did not give any chance to rebound, not even a rebound of 8 US dollars. We can basically judge that the market is extremely weak. In this case, We will not consider any long-order strategies. All long orders should be held down. The operation is mainly high-altitude, and you can even directly pursue short positions. The support below focuses on the 2330 line, and the support above is also suppressed at 2350. Continue to go short after rebounding at 2350, stop loss 56, target 2340-30. The current price has reached the strong support position of 2330 line, 2330 line can be long, stop loss is placed at 2325, target 2350-60. If the 2325 line continues to fall below, Then any long orders will not be considered, and the lower target will be to test 2300.
OANDA:XAUUSDShort
by Professional-Trading-Plan
1
4.23 gold platform diving tests key support!During the European trading session on Tuesday (April 23), gold continued its downward trend from the previous day. Spot gold remained volatile after falling sharply in the Asian session, falling to an intraday low of $2,295.49 per ounce. As concerns about conflicts in the Middle East have eased, boosting investor risk appetite and reducing safe-haven demand for gold, and as the market turns to expectations that the Federal Reserve may delay interest rate cuts, more bulls are taking profits as gold prices pull back. . U.S. interest rates remain high, reducing the appeal of non-yielding assets such as gold. Today's economic data may influence the Federal Reserve's interest rate decision, which may affect gold price trends. A stronger U.S. dollar and expectations of continued high U.S. interest rates are putting additional pressure on gold prices. The Fed's hawkish stance on lingering inflation concerns could keep interest rates higher, which typically reduces the appeal of non-yielding assets like gold. Today's economic calendar features several important U.S. data releases that could impact spot gold trends. The manufacturing PMI preview value is expected to improve slightly from 51.9 to 52.0. The preview service PMI is also expected to rise from 51.7 to 52.0. The release of U.S. new home sales data, which is expected to rise from 662,000 to 668,000, provides further insight into the economic backdrop. Another indicator, the Richmond Manufacturing Index, is expected to improve to -7 from -11, indicating a possible recovery in manufacturing activity. These data points will provide valuable insights into the broader economic environment, influencing the Federal Reserve’s policy decisions and, therefore, spot gold price forecasts. Recent developments suggest a cooling of rising geopolitical tensions between Iran and Israel, mitigating the immediate threat of escalating tensions. This shift has led to a decline in the risk premium historically associated with gold during times of geopolitical uncertainty. Iran's apparent lack of immediate retaliation for the Israeli attack played a key role in this dynamic, encouraging people to move away from safe-haven assets. ​ 4.23 gold market trend analysis: Gold technical analysis: Spot gold prices continue to fall. Spot gold fell below the 2,300 mark in the morning for the first time since April 5, falling more than 1% on the day. Looking at gold's daily line, gold previously shot up to around US$2,431 and then fell sharply back to nearly US$100. Although it subsequently rebounded, it was blocked near 2,400 until it was affected by Israel's attack on Iran last Friday and once opened to around 2,417. , and finally closed at the 2390 line. Gold failed to reach a new historical high. It continued to fall at the opening of this Monday, with a sharp drop of 60 US dollars, and closed a big negative line. The moving average and MACD simultaneously formed a dead cross state. Gold 2331 and 2417 have already formed. The top shape shows a stepwise decline in the 4-hour chart. The high point is constantly moving downwards. The Bollinger Bands are opening downwards. The moving averages continue to cross downwards and diverge. The short trend is obvious. Overall, the trend is still bearish. It is expected to test the 2300 mark first. support, followed by support near 2265. At the opening today, there were two more market crashes, falling below the early support of 2319 and even reaching below 2300. This unilateral market has gone nearly a hundred points. Now looking at the four-hour level, on the 4-hour chart, the price of gold has been showing a downward trend under pressure since it fell back from the high of 2417. Gold prices further extended their losses. The MACD indicator's double-line dead cross operation process has crossed the 0 axis and entered the weak area, which further verifies that the current trend is dominated by the short side. In this situation, investors should pay close attention to the pressure effect of the two moving averages MA5 and MA10. These two moving averages may become an obstacle to the rebound of gold prices. During the correction of the gold market, investors should remain calm and should not blindly chase short positions. In early trading today, gold fell below the short-term long-short conversion point of the 2318 line, which means that the key short-term bull support for gold has been broken, and gold is expected to further deepen its correction. Therefore, 2318 has now become the pressure level for gold, while the next support level will move down to the 2250-2265 area. On the whole, today's short-term operation of gold, I suggest shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the 2318-2324 first-line resistance, and the bottom short-term focus is on the 2260-2250 first-line support.
OANDA:XAUUSD
by Professional-Trading-Plan
Gold makes history again.Yesterday we followed up at $2127 and $2134. With the strong intraday breakthrough, the current price has reached above $2150. Only continuous expansion of profits is the best feedback for our partners who follow us. On the previous day (March 5), the price of gold rose and touched US$2,141. Although it did not form a breakthrough to the previous high, the price remained stable at a high level and did not show a strong correction during the period. Since it can maintain stability, it is easy to A fundamental push will allow the bulls to restart, and they made a strong breakthrough last night. Yesterday, Federal Reserve Chairman Powell stated in his testimony that the committee does not expect to lower the interest rate target range until economic indicators are stable and inflation is sustainable towards the 2% target, which means that it is in no rush to cut interest rates. However, he also stated that at some point this year At this time, it may be appropriate to start cutting interest rates. Many people think that Powell's speech is directionless and cautious. However, in the current market environment, if the content of the speech is to make a positive or deviating statement, it will inevitably trigger big fluctuations. Therefore, caution in speech is the key. Understandable and of course expected. As of yesterday, the price of gold has been rising for six consecutive days. Especially yesterday, it broke through the previous high and set a new historical high. It is not ruled out that it may continue to break upward and close again today. After all, the strong pattern is still there and the upward trend is still strong. Again, don’t be afraid to buy because of the high price. The high point you cannot see when it is strong is the high point. Therefore, we continue to be bullish on gold today. After the early high of US$2,144 was broken through, the resistance became support. This level happened to be the low of today's Asian trading session. It seems that the support is effective at present. We will use this as a defensive step to bullish during the day. It is expected to continue to rise to 2175-2178. .
OANDA:XAUUSDLong
by Alligator-in-Forex-trading
GOLD 1H : Above 1912 is important for Today GOLD New forecast Gold prices fell during Monday's trading despite the dollar's decline against most major currencies, as investors shifted towards high-risk assets. Technical abstract : The price perfectly fulfills my last idea, The price of gold tried to test the 1912 level, which constitutes important support for intraday trading, as the price needs to consolidate above this level for the bullish trend scenario to remain effective, which targets the 1932 level as the next stop. The moving average of 50 supports the continuation of the expected rise, while breaking 1912 will put pressure on the price to turn lower and head towards achieving negative targets that reach the 1903 areas. The expect range trading for today it will be between resistance line 1932and support line 1912 until stabilized Additionally ,Today News will affect the market support line : 1912 , 1903 resistance line : 1932 , 1947 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OANDA:XAUUSDLong
by Arazmajeed
2
GOLDWelcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800. It is a very strong support. The second scenario is the collapse of gold to retest it. model. Double top or bottom
CAPITALCOM:GOLD
by inv_market09
11