GOLD - Head and shoulders pattern is formedThe yellow metal retains support at $1,900 an ounce as a significantly weaker-than-expected nonfarm payrolls report dented the dollar and boosted hopes that the Federal Reserve near the end of the rate hike cycle.
However, Fed officials said the bank still needs to raise interest rates in the near term to combat overheating. Markets are broadly pricing in a Fed increase of at least 25 basis points by the end of July.
SELL XAUUSD zone 1936 - 1938 - Stoploss 1945 (scalp)
SELL XAUUSD zone 1948 - 1950 - Stoploss 1957
Note: Installing TP SL fully wins the market and is safe in trading
Notice when Gold Break Out from the price range 1930$ - 1932$ and close above this price range. This easily helps Gold reach its target of 1940$ - 1945$ - 1950$ in the short term.
When trading the breakout method, pay attention to place the stop loss at the nearest resistance area of $1924
Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy.
Goldmansachs
Today's GOLD - Range is narrowingGold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks.
This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845.
On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level.
Set up: BUY GOLD zone: $1919 - $1917 - SL 1910
SELL GOLD zone: $1930 - $1933 - SL 1938
Gold trading recommendations today
Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short.
Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average and then directly turns downwards, and directly falls below the support of the short-term moving average! The current K-line remains below the moving average, and the short position is in a downward trend! Rebounds are short opportunities!
The current pressure is the reverse pressure position of yesterday's consolidation, and it is also the short-term moving average 1918 position! Relying on this pressure position within the day, the position is dry and bearish! After the big non-agricultural data, it is expected to further break the new low and continue to fall!
Trading straregy:
gold: sell@1918 tp1:1900 tp2:1890
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD: New developments in the market!It is interesting to note that despite the sluggish markets, the negative US data and the Gold buyers not being deterred, the hawkish Fed bets remain unchanged. On Monday, the US ISM Manufacturing PMI for June dropped to its lowest level in three years, staying below the 50.0 level for the seventh consecutive month. It recorded a figure of 46.0, which was lower than the expected 47.2 and the previous reading of 46.9. Additionally, the S&P Global Manufacturing PMI for June confirmed a figure of 46.3, the lowest in five months. On the positive side, Construction Spending improved by 0.9% MoM for May, surpassing the expected 0.5% and the previous 0.4%.
Despite this, S&P500 Futures saw a decline while Wall Street managed to achieve minor gains.
Looking ahead, it is uncertain how the US holiday and light calendar elsewhere will impact the market's direction.
Gold trading recommendations for
The triple top on the gold weekly chart continues to suppress gold. The daily line is now a positive line, and it is not that kind of big positive line. For the time being, it can only be regarded as a rebound. This wave of gold daily market has gone through five waves of rise, and now it is a big C wave adjustment of ABC adjustment. Is wave C now over? The gold daily line has not even broken through the downward trend line, and the trend line resistance is around 1930. Before it effectively breaks through 1930, we will continue to look at the daily short line, during the decline of the big C wave.
For the time being, gold can see signs of continued rebound in 1 hour, and there is an upward trend line support around 1910, but the daily downward trend line resistance is 1930, and 1930 is an area that has formed resistance many times in the early stage, and no effective upward reversal has been formed. So now 1930 is still very important in the short term. At the beginning of next week, you can sell high and buy low in the 1910-1930 range.
Trading inevitably requires luck in some places and times, but in the long run, good luck and bad luck will balance out. If you want to last for a long time, you must rely on skills and use good principles. How far a person can go depends on who he walks with; how good a person is depends on what kind of friends he has around him; how much a person can achieve depends on who guides him.
Trading strategy for next week:
gold: sell@1930 tp:1910
buy@1910 tp:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD - Short active ✅Hello traders!
‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for shorts from premium zone. I expect bearish price action from here as we can see that price filled perfectly the imbalance and rejected from bearish order block.
Fundamental analysis: Upcoming week on Thursday and Friday we have news on USD. Pay attention to the results in order to validate the analysis.
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GOLD: Long-term developments!It remains to be seen whether the USD bulls can maintain their dominant position or take some profits off the table before the release of the US Core PCE Price Index - the Fed's preferred measure of inflation. Important data is due at the end of the North American session and will impact expectations for future acceleration. This, in turn, will drive demand for USD and provide a new directional impetus for Gold prices, which seem poised to end the quarter in negative territory for the first time since September 2022.
Gold falls cautiously below 1990 mark——Powell's super-"hawk" interest rate hike attitude is shrouded, and the gold 1990 mark is in jeopardy——
At noon in the Asian market on Thursday (June 29), gold shorts approached $1,900, and Federal Reserve Chairman Powell reaffirmed his super-hawkish stance.
The analysis pointed out that gold is no longer a good hedging tool against economic difficulties and has become another cyclical economic asset because it is linked to low interest rates and global economic growth. Powell once again emphasized that it is expected to raise interest rates two or more times before the end of the year, stimulating the US dollar index to stand strongly at 103.20, and the pricing of resuming interest rate hikes in July set off a wave again.
The Fed continues to suppress gold prices: Powell "falcons" again: it may be necessary to raise interest rates at least twice. Federal Reserve Chairman Jerome Powell spoke at the "Fourth Financial Stability Conference" hosted by the Bank of Spain in Madrid, Spain on Thursday. Powell said at least two more rate hikes will likely be needed this year to bring inflation down to the Fed's 2% target. Powell said on Thursday that a large majority of committee members expected two or more rate hikes by the end of the year to be appropriate. He was referring to the Federal Open Market Committee (FOMC), which sets policy.
——Gold technical analysis, how to operate in the US market?——
Gold Looking at the daily line, gold has slipped further below the 20-day simple moving average (SMA) and the 100-day SMA, which are currently converging at 1943.40. Meanwhile, technical indicators are moving down in negative territory, approaching oversold readings, with no sign of the downside drying up. Looking at gold from the 4-hour line, the risk of gold price tends to go down. Gold prices are well below the bearish moving average, with the 20-period SMA acting as dynamic resistance at 1920.80. Additionally, technical indicators remain in negative territory, with the Momentum Index consolidating and the Relative Strength Index (RSI) rebounding modestly, but currently in the mid-40s.
In the gold operation in the evening, I still recommend rebounding and shorting!
US market gold operation strategy:
Empty order strategy: It is recommended to go short at 1908-1910, stop loss at 1917, and target around 1890
XAUUSD: Focus on 1910, short in the morning for profitWaiting for the bottom to do long, let’s look at around 1910 and you can go long. Now after a short-term decline, it has entered the consolidation stage, and it is not suitable to open a position for the time being
! ! Congratulations to the early empty order TP leaving the market! !
In the early trading gold, we recommend shorting the first line from 1935 to 1937, and finally calling for a firm offer to buy in 1933, 1923TP
The golden hour line has always been empty below 1937, and any rebound position can be empty. The defensive position is on the 1937 line.
At the same time, the top is still in the form of a 30-minute triple top. This form is more obvious at present. The upper edge of the downward channel still controls the breakthrough of the K-line and is directly suppressed by firepower. Currently, the downward channel continues to be maintained.
Gold trading recommendations today
The decline in gold remains, 1930 short!
The current short-term gold has gained support and rebounded, but has the decline changed? not at all! It can be seen from the hourly chart that even though the market took a strong backlash on Friday, the final rebound did not break through the suppression of the long-term moving average, and it was still a bearish decline!
The key pressure now is the long-term moving average suppression position on the hourly chart, which is the 1930 position, and this position will continue to be short directly! Defense is Friday's rebound high of 1938!
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
Gold 1913 direct multi
For today's gold, first of all, today is the last trading day of this week, be wary of short profit-taking. Secondly, with the continuous decline this week, there is also a demand for rebound in the short term. Thirdly, judging from the 4-hour chart of gold, the current 1910 area below has met obvious support, and there is also a clear rebound signal in form.
Trading straregy:
gold: buy@1913 tp1:1925 tp2:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold is up 40% today6.20 Gold market trend analysis:
Gold closed yesterday in a narrow range, the daily line entity is not large, the star K line closed. In the short term into the contraction shock, yesterday due to the early closure of the holiday market, the space to further shrink, the technical structure temporarily entered the contraction of the Braindao oscillating operation. On Monday, the overall volatility of gold was smaller and went downward, recorded a bardo, on the daily line, gold is currently holding in the slow consolidation of the downward channel, the high point gradually moved down and may form a downward triangle, which suggests that there may be continued downside space on the daily trend. In the trend of the 4-hour level, the K line continues to bear the short-period moving average, showing a weak operating trend. Although there was a small rebound in the morning, it was not strong and had been repaired in technical form. Therefore, in the short-term trend, gold still shows a weak tendency.
The hourly line shows a clear return of the interval, and the early positive line in the daily line structure indicates that the market has a certain resistance, but the rebound height of the positive line is still limited by the suppression area. After the second correction of the market, the market still has downward expectations. The Breindau upper track coincides with the upper track resistance 1970 of the recent oscillation zone. Down the track around 1932. A few trading days before the beginning of this week, the large probability is to maintain a range of shocks, and can not see the momentum of breakthrough for the time being. There is no shock trend of breakthrough kinetic energy, and the unilateral quantity is insufficient, which will form repeated sawing and washing disks. Operation on the card point is the key. The direction is second. Short line grasp on the rail empty rail. Try to stay close to the edge of the range, and the stop loss level is relatively small, which also reduces the possibility of being washed. Today, gold has a further pullback risk, short-term above the focus on ma5 pressure is near 1953, the price is expected to rely on 1953 resistance to test 1938 and lower support. The lower support area is concerned between 1940-1930, in summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the above short-term focus on 1958-1960 resistance, the below short-term focus on 1940-1938 support, friends must keep up with the rhythm. To control the position and stop loss problem, strictly set the stop loss, do not resist single operation. The recent market turbulence is large, opportunities and risks coexist, and risks are controlled
Strategy one: Gold rebound around 1952-1955 batch short, stop loss 1961, target near 1940-1935, break to see 1930 line
Strategy two: Gold callback near 1930-1932 batch long, stop loss 1924, target near 1940-1945, break to see 1950 line (recommended for reference only, the actual operation according to the real-time operation of the disk)
XAUUSD:Trading advice for the day
Last week there was a lot of news, focusing on the CPI and the Fed interest rate decision, Tuesday's CPI out of the bullish situation out of the plunge space, gold above 1970 seems to form a strong suppression failed to break, Wednesday announced the Fed interest rate decision, gold plunged again, broke the 1932 support point, to the 1925 low, but the bulls did not give up, once again out of the reversal of the big rise space, Friday once rose to the 1968 high, obviously gold into the shock cycle again. So, overall, although gold has room to soar and fall last week, it has not changed the direction of the trend.
Gold is still trending this week. There is no important data in the market this week, focusing on technical performance, after the shock at the end of last week, gold closed around 1955, the daily line closed high again Doji, judging by the daily cycle, Thursday a big sun closed above the lower Bollinger band, Bollinger closed again, although Friday the daily line closed negative, but did not affect the performance of temporary range shock, the maximum range of the daily cycle in 1980-1932.
There is a great opportunity to earn money this week, contact me and let's earn money together
GOLD: Risk of USD!The dollar and the US financial situation are currently facing two interconnected crises, which are putting confidence to the test. The US Treasury Department has issued a warning that if Congress fails to pass a bill to increase the public debt ceiling, the US government could potentially default on its debt by early June.
Maybe set up plan: BUY XAUUSD zone 1938 - 1940 with Stoploss at 1935. Take profit at 1965
The most clear trading signal of gold in the whole network!On the daily basis, gold is showing a bearish consolidation above the 100-day moving average and the 50% Fibonacci retracement of the uptrend from late February to early May (currently around 1940). The MACD indicator resumed bullish momentum, but the Relative Strength Index (RSI) stabilized near 50.0, indicating that the bearish move will continue. Gold from the 4-hour line, the relative strength index RIS is still in the 60-30 neutral weak area, while the MA200 moving average continues to form a pressure, is currently near 1977. The future outlook remains uncertain.
Overall, I still recommend a wide range of volatility in the evening gold operation.
Evening Gold Operation strategy:
Short order strategy: recommended 1955-1957 short, stop loss 1964, target near 1944;
Multi-single strategy: Recommended 1944-1942 long, stop loss 1937, target near 1955.
Contact me to start your 200% profit week trading this week
Gold trading recommendations today
The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again!
After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band!
Trading straregy:
gold: sell@1960-1955 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Can gold still be short?
Gold rose from around 1926 to around 1960 today, after the data was released, gold showed a significant pullback, currently stable below 1960, short-term did not break through 1960, we must know that the impact of data on gold is temporary, the rise of gold will also give us a better short position, and gold from the overall trend, gold short will have greater profit opportunities
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold trading recommendations today
Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short.
The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour.
Trading straregy:
gold: sell@1959 tp1:1949 tp2:1944
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trend analysis
The market has been in consolidation territory in June this month, and this week will usher in the main moment. The CPI on Tuesday, the decisions of the United States, Europe and the Bank of Japan in the next few days, so the market will be very volatile this week and the range may be broken
Gold today after coming to 1967, again the current low around 1950, for now, the first place to focus should be around 1960, the dollar bottom divergence signal, wary of gold to start a downtrend
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold trading recommendations today
Gold rose directly with marginal support yesterday
Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend.
Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode.
Trading straregy:
gold: sell@1961 tp1:1951 tp2:1946
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD: Continuation of downtrend!When the dust settles, the Fed is set to continue raising rates
If the Federal Reserve meeting were held today, the current uncertainty surrounding banks would prompt them to keep rates unchanged. However, in the ever-changing world of markets, a lot can happen in just one week. If the upcoming weekend remains calm and without any need to rescue banks, there is a strong possibility of a 25 basis points rate hike. The Federal Reserve typically continues to increase rates until they reach a breaking point. Even if the only bank to suffer is SVB, high inflation levels may still require further rate hikes. This scenario would result in a stronger US Dollar, but eventually lead to a decline in the stock market once the initial relief rally following no new bank failures fades away.
GOLD - KEYLEVELS TO WATCH FOR A TRADE GOLD - KEYLEVELS TO WATCH FOR A TRADE
Personally im not looking to short GOLD , beacuse there is still an UPTREND , so from here the price can grow faster and i dont want to be vulerable on this.
Im looking just for longs ...maybe the short ideea will be just if the daily trend line wil be brooken.