XAUUSD:9/8 Today Analysis and StrategyTechnical analysis of gold
Daily resistance 2425-58, support below 2401
Four-hour resistance 2425, support below 2401
✅Gold operation suggestions: Yesterday, the technical side of gold ushered in a strong upward shock in the volatile trading, and the overall price formed a stage bottom area support at the 2380 mark. At the same time, in the short term, after experiencing continuous declines, it stabilized and rebounded and returned to the wide range of long and short shocks
Today, the support below is around 2409-2407, and the pressure above is around 2427-36. Relying on this range to maintain the rhythm of high selling and low longs, the recent gold price is likely to rely on the 2390 support and 2440 pressure to continue to maintain the rhythm of long and short tug-of-war.
BUY zone: 2407~2410
The last trading day of this week
Goldminers
XAUUSD: 8/8 Today’s Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour resistance 2425, support below 2383
Gold operation suggestions: Yesterday, gold rose and fell, and the highest rebound was blocked at 2406.60. It fell to the 2380 line at the end of the trading day and began to rebound. The daily line is still in a high-level bull-bear tug-of-war oscillation, and the small cycle tends to fall back..
The overall price fell under pressure at the 2406 mark for the second time, continuing the recent suppression of the short-selling pattern. Today, the upper resistance continues to focus on 2401-03. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The lower target is still concerned about breaking the previous bottom. The short-term bull-bear strength and weakness dividing line focuses on the 2401 mark. Before the daily level breaks through and stands firm at this position, the priority selling direction remains unchanged.
SELL:2425near SL:2430
SELL:2410near SL:2415
Technical analysis only provides trading direction!
XAUUSD: 7/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2401-2458, support below 2376
Four-hour upper resistance 2425, support below 2383
Gold operation suggestions: Yesterday, the technical side of gold surged in the shock, and fell again under pressure at the 2418 mark. The price in the Asian and European sessions first surged and pierced the 2418 mark, and fell into repeated shocks after being suppressed and retreated. The European session continued to fall further to the 2394 mark and stabilized and rebounded. The US session rebounded to the 2416 mark twice before being blocked. Finally, the gold price continued its downward trend in the US session and broke through the 2390 mark to reach a weak closing near 2380. The overall price showed a weak short adjustment pattern at the 2418 mark.
Judging from the current market trend, today's upper resistance is still focused on the 4-hour decline gap near 2410 yesterday. The intraday rebound relies on this position to continue to be bearish. The lower target is still focused on the new low. The short-term gold price long and short strength dividing line focuses on the 2425 line. Before the daily level breaks through and stands on this position, it is mainly sold.
SELL: 2425near SL: 2430
SELL: 2410near SL: 2415
SELL: 2401near SL: 2405
Technical analysis only provides trading direction!
XAUUSD: 6/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2445, support below 2401
Four-hour resistance 2425, support below 2401
Gold operation suggestions: Yesterday, gold reached 2364 and stabilized and rebounded. Finally, the gold price rebounded further in the US market and closed above the 2400 integer mark. The overall price finally returned to the 2400 mark after a wide range of long and short tug-of-war around the 2364-2458 range and fluctuated. Judging from the current trend, the support below will focus on the 2400 mark today, and the pressure on the top will focus on around 2425-2434. During the day, we will rely on this range to sell high and buy low.
From the current trend, today's support below focuses on the 2400 mark, and the upper pressure focuses on the 2425-2434 area. Sell high and buy low in this range first.
BUY:2401near SL:2395
BUY:2425near SL:2422
BUY:2445near SL:2440
SELL:2470near SL:2474
Technical analysis only provides trading direction!
Gold prices will once again fall to a new bottomGold prices are about to hit a new low, if you are buying you need to delay
The position of 2370-2365 as a buying point can make some profits. As I said before, the pressure on the short-term upside is too great. Today in New York time, gold prices failed to rise several times. The first attempt was to break through 2398. The second attempt was to break through 2403. Both were suppressed by the short trend. And there is no more news to push the gold price to continue to rise. So the operation is still mainly short-selling. If the price reaches my expected position, you can make a super short-term rebound. TVC:GOLD COMEX:GC1! FOREXCOM:XAUUSD
Short first and then buy. This is the next trading plan.The gold price in the London market did not break through the 2317 position.
It just maintained fluctuations for several hours. The operating space is very small, but going long is still profitable.
The New York market is about to open. See if the gold price will pull back to around 2400 points.
If it is, you can start buying. Maintain the position around 2400. Aggressive players can rely on the position above 2410 to sell and get some small profits first.
The reasonable buying point is around 2400-2404. When the shorting reaches the expected level, the position can be closed. Then wait for the opportunity to buy.
FOREXCOM:XAUUSD COMEX:GC1! TVC:GOLD OANDA:XAUUSD
Can gold fall below 2400 next week? Why will gold suffer a sharpYesterday Friday, for yesterday, we must be how to operate how to make money, the morning 2450 wave is not to talk about, although then short meet stop losses, but I have said in the blog that 2467 can enter, this wave, before the data must be able to stabilize the victory, and non-agricultural gold since 2455 rose 2477, I also said, Not optimistic about gold break 2500, on the contrary is optimistic about 2480-2486 do not break batch short top, and I also said, any upside break, can hang reverse empty single defense, that is to say, yesterday's high, we can hang 2458-2448-2438 reverse empty single sit and wait for profit, especially yesterday gold also broke 2420 as scheduled, This point, although not as I expected to further impact 2400, but the difference is not big, after all, since the non-agricultural large profit, gold as scheduled to crash, this point, I can only hope that you did not do more, after all yesterday's market, do more is dead, but I believe that as long as you have read my blog carefully, will not be stupid to enter, if there is, Then all I can say is you deserve it. I will not say much, directly to next week's market analysis, you can read the following reference to understand.
-- Gold Friday market review --
Friday, the morning, gold opened 2446 line, open up 2447 line ushered in a shock fall near 2443, after a long and short saw-and-see encounter broke 2450, but the highest to 2452 line ushered in a halt reversal, gold is therefore directly hit the disc flash collapse of 2440, the lowest fell to near 2435 to usher in a stop, And then, gold is also ushered in a rapid climb to break down, has risen to 2459 line to usher in a stop, but good times are not long, gold fell back a wave of 2451 after ushered in a further break, near the eve of the European plate, gold is also the highest to a wave of 2468 line to usher in a stop. During the European session, the gold shock fell back a wave of 2459 to stop, long and short is therefore Mired in the 2465-2459 range of oscillations, until the eve of the United States, gold was further lower a wave near 2456. The United States market, non-agricultural hand in hand with the unemployment rate two-way announcement, gold is therefore directly from 2455 ushered in a surge to break 2460-2470, the highest to 2477 line to usher in a wave of stop flash collapse near 2455, and then rebound again after 2473 line ushered in a short outbreak, Gold is therefore below 2450-2440-2430-2420, the lowest fell to around 2411 to usher in a stop rally, and after recovering a wave of 2438, gold is also lower again a wave of 2423, and then further rose 2442, and finally, gold is therefore closed near 2441.
-- Can gold fall below 2,400 next week? Why will gold suffer a sharp fall in non-agricultural profits? -
So for Friday, presumably you are also very surprised, within the day, gold opened up 2452 crash fell 2435 stop, then in the white market performance caution, gold not only did not fall into the shock saw, but broke through to 2468 line, and non-agricultural, gold is directly from 2455 up 2477, At this point, presumably yesterday's bullish market retail friends have also increased, after all, as far as I estimate, yesterday's nearly 70% of people think that non-agricultural will be bearish, but these people also believe that once non-agricultural profits, then gold to break 2500, as for the remaining 30% of people, of which 20% are directly bullish, bullish gold broke 2500, Maybe only 10% of people with me in the bear, and the fact is to prove that the truth is in the hands of a few people, this point, just hope that you yesterday's bullish friends are still safely built in is, but it is estimated that yesterday's day gold rose, especially after non-agricultural profits, whether there is no chasing more, are extremely excited, In particular, after 2477 was blocked and 2455 stopped, gold gave the market a reason to chase more gold, after all, the United States labor downturn, excessive growth in unemployment, but also stable the possibility of interest rate cuts in September, this, do not blame you, after all, the information spread by the market is too obvious, in this case, let alone the market retail investors, even many analysts are easy to be misled by the market. So it's not that you can't do it, it's just the market. However, this also verifies one point, that is, your understanding of the market is not deep enough, especially in the face of this kind of news that informs the market in advance, your consideration is too single, if you have measures to deal with accidents, there is no possibility of major losses, this, you also need to introspect.
So for Friday, non-farm gains, why will gold suffer a reversal of the plunge? In fact, if you have carefully read my blog on Friday, you can understand, not to mention that I did not say in detail, after all, I was writing all night, long articles have been detailed analysis of the data, and also made a judgment on the fluctuations after the data, if this is that the analysis is not accurate, I have no words. So on Friday, I made it clear that regardless of whether non-farm profits are large or not, gold will encounter a sharp fall, but that if non-farm and unemployment rate are both bearish, it will increase the space and strength of gold's decline. For no other reason, the current data and news are affected by the progress of interest rate cuts, if it is said that the Federal Reserve interest rate minutes after the release of non-agricultural data, then the market may take into account the possibility of radical stimulus to the Federal Reserve to cut interest rates, in this case, gold may suffer a surge on the break, but the fact is that the fastest rate cut will not fall until September, and now, No matter how strong the market expectations are, even if the rate cut in September has been nailed, there is still a month's buffer period from now, you say, how can this rise? A month in a row? Is that possible? And I said that gold is now too high, and once the interest rate cut falls, it also means that the market will be used to interest rate cuts, in this case, the impact of interest rate cuts on gold will gradually be reduced, because the market itself is now higher, including the Fed's efforts to cut interest rates and digest in advance, for example, You are looking forward to a certain kind of food or food, but after experiencing it once, the amazing feeling of treating things or food will also disappear, what's more, this interest rate cut is consistent, that is, you would like to eat this cake, but you can not carry it every day, so the current situation, if there is no accident, we will officially usher in a historic peak. And soon, we will usher in the possibility of the short return to 2000 or even lower, at most half a year, this, you can look forward to it.
So, on Friday, after suffering a sharp fall, why did gold stop at 2410 and close above 2440? Or, for next week, can gold bulls usher in further outbreaks? In fact, I still remain bearish, first of all, gold closed higher on Friday, in fact, more than the market is betting on the geopolitical risk may break out, leading to the emergence of early digestion of this information, in this case, even if the outbreak of geopolitical risk in the weekend, will not stimulate the possibility of excessive gold Monday, after all, the market has digested in advance. This is also the precautionary layout of the market. Moreover, for the moment, the US dollar has stopped falling, and the US dollar is also facing the possibility of stopping and recovering. After all, although the US labor market performance is sluggish and other factors have affected the strong performance of the US economy, the US dollar's performance is still relatively strong in the current international market, and in the case of the US dollar at a low level, it will also hope to pour in buying. That helped the dollar and hurt gold. Then secondly, that is, gold is currently too high, especially after the non-agricultural profits suffered a crash, in this case, the market buying will also begin to doubt life, thus hitting the buying heat, and after this wave of sharp falls, the market also understands the current situation of gold, in this case, gold is currently double top shape, any rebound, It will also relatively stimulate the influx of market selling, this point, for next week, only if there is no geopolitical risk to further stimulate the outbreak, gold must be able to fall below the 2400 mark, and this wave of break, short or will point to 2330 or even 2300, after all, the market believes that interest rate cuts will be more, It also leads to gold in the process of falling will attract the favor of the market, which also provides institutions with more opportunities to wash, in this regard, for next week, next week, I will think that the reverse collapse of gold will break one after another, of course, it is not that there is no bottom-diving opportunity, but for this opportunity, more may appear in the 2280-2260 area. Of course, this is only my guess, specific, you need to adapt to the line.
So for next week's operation, relatively simple, on Monday, if there is a low open, then you will be concerned about 2430 can directly fall below, do not break the short line to wait for a rebound near 2440 directly open short positions, of course, due to the market is not calm, do not rule out gold will further break 2440 higher possible, this, You continue to hold 2444-2450 do not break batch short. If there is a high open, then you are concerned about whether 2450 can be broken to stabilize higher, if the broken level is stabilized, directly hang a wave of 2450 under the anti-reverse short order and then wait for 2460-2466 region to be short in batches. If the market performance is calm, gold opens near 2440, directly open short positions in 2440, such as the rebound continues in 2450 not to break short, and for the below, you can hang 2430-2420 below the break short single defensive pursuit, you focus on 2405-2400 near support not to break again to consider the short term. Do not pay attention to the 2410 low mark, for the current market inertia, gold really want to fall, 2410 will definitely encounter virtual break, you are concerned about 2400 gains and losses, but note that 2400 can be chased after the break, but need to hang a wave of 2400 above the reverse multiple single to defend, after all, there is a wash in the market, coupled with the stimulation of geopolitical risk, Do not rule out the possibility of gold sudden reversal pull up, this, you remember to pay attention to. Of course, the analysis is only analysis, the specific operational details, I will be updated on Monday, you remember to strictly follow my requirements to control the position and stop loss basis.
What is the secret to continuous profit in gold trading?
Gold will continue to fall in the short term. If you are long, be cautious. If you are short, remember to set a stop profit.
In New York time period, gold continued to fluctuate at a high level. It continued to fluctuate in the range of 2403-2410. There was almost no news on Monday. But the price of gold did fall from 2460 to 2360 and then bottomed out and rebounded above 2400.
Judging from the data last week, the pressure on the bears is very high. In addition, almost all the news this month has been landed last week. Combined with the current market, there is no major news for gold to further break through the highs. The only possibility is the momentum brought by the news of the war, but for the time being, this is unlikely to happen.
So in terms of operation, it is still mainly selling at high levels. The short-term target below is below 2390.
What is the secret to continuous profit in gold trading?
That is to follow my steps. Follow the guidance. Trade with accurate signals.
So far, members who follow the transaction have almost never failed. Investors with large funds make big profits. Investors with small funds make small profits. After all, it is still difficult to lose money in such a market. The amplitude is large enough. There are enough opportunities for operation. As long as you don’t trade blindly, it’s just a matter of how much money you make. Of course, if your current account is still in a state of continuous loss, remember to follow me. It is only a matter of time before you turn losses into profits.
GOLD: Gold price will continue to fallToday, I perfectly realized the story of going from a loss of 45k to a profit of 65k.
The latest channel has a detailed process.
This rebound. Everything is within my expectations.
The gold market is currently quoted at 2406. But this position will not stabilize. I think gold will continue to fall.
If your order is still losing money, or the profit is not big. Or you don’t know how to trade yet.
Stay tuned. I will guide you how to turn losses into profits. COMEX:GC1! TVC:GOLD OANDA:XAUUSD
XAUUSD: 5/8 Today’s Analysis and StrategyGold technical analysis
Daily resistance 2470-84, support below 2410
Four-hour resistance 2470, support below 2410
Gold operation suggestions: Last Friday, gold prices accelerated to break through the 2477 mark under the influence of the positive nfp employment data, and then fell back into a shock consolidation, and then the second high of 2474 was hit and fell, and finally accelerated to fall down and break through the two integers of 2430 and 2420 to reach 2410, and then quickly rebounded and closed. The overall price once again showed a suppression pattern above the 2470 mark.
Judging from the current trend, today's Asian session opened and fell again. In the short term, the gold price will test the support strength of the 2410 mark, the low point of last Friday. The upper short-term pressure is around 2453-2458. If the intraday rebound relies on this position, you can go short first and then look for continued decline. If it stabilizes at the 2410 mark, you can go long. In the day, you can rely on the 2458-2410 range to sell high and buy low.
BUY:2410near SL:2407
SELL:2470near SL:2474
SELL:2445near SL:2450
Technical analysis only provides trading direction!
XAUUSD: Gold prices are bound to reboundLast week I said that the price of gold will continue to rise this week. After the opening, the price of gold rebounded to around 2460.
On Monday, the London market predicted that the price of gold would fall again. Then the short position made a profit again. At the same time, it was said that if the price of gold fell to a low level in the New York market, it could continue to be bought. Sure enough, the New York market continued to create new lows for the price of gold. And it reminded investors with large funds to continue to buy.
The price of gold finally stabilized at 2366 and rebounded sharply by 30+ US dollars.
Today's profit once again set a new intraday high.
If you are a buying investor. The current order is in a loss state. Don't panic.
Just follow my precise signals for precise trading. You don't need to have a good trading mentality. No matter how aggressive you are. Or you are a steady player.
Just strictly follow my precise instructions. You can simply expand profits or recover losses. TVC:GOLD FOREXCOM:XAUUSD OANDA:XAUUSD COMEX:GC1!
Who has been losing money in this market?
After the release of the non-agricultural data, the gold price first rose sharply by 20 US dollars to 2477. Then it quickly pulled back under the huge shock at the high level. It pulled back to 2456 again. Then it rose to 2477 again. It repeatedly rushed up and fell back twice. Obviously, the upward momentum was insufficient and it could not refresh the previous high again. Finally, after a short-term narrow fluctuation, it fell sharply. The current price is 2419, and the lowest price dropped to 2413.
The overall gold price has gone through a roller coaster market. The wonderful dealers absorb funds and then control the market, and the poor retail investors suffer.
I only operated twice in two consecutive tug-of-wars. The overall profit is still relatively ideal.
As of August 2, 16.20 in the afternoon. The current operation has almost no failure. I used an account of 216.86k to trade before, and I have withdrawn 186.71k.
It just caught up with such a big market once a month. when there is a big market, it is time to make money.
Just a simple sharing. This Friday is wonderful. My members must feel the same way.
Because they witnessed it all happen.
Additional suggestion: If the gold price falls to the range of 2406-2399, I will consider buying.
COMEX:GC1! TVC:GOLD OANDA:XAUUSD
In such a market, you can make money no matter how you trade.The sharp decline in global stock markets has provided strong support for the decline in gold prices. Although there was no expected interest rate cut last week, the market strengthened again after a high and then fell back. It is the same as my personal expectation. Friends who follow me know that I said my thoughts in advance last Friday. Continue to be long gold prices. The highest gold price in the Asian market reached 2460. It fell back to 2421 during the session and encountered support. Gold prices rose again in the London market. The current price is stable at 2433.
In terms of operation, you can continue to sell high and buy low without sending messages. If the price is low before the New York market arrives, I think you can continue to increase your efforts to buy.
Still the same. Investors with large funds can directly enter the market in advance to ambush.
A new release channel has been created. Remember to keep paying attention. As a good reference guide. If you are not in a good mood and you can't trade, leave me a message to get accurate trading details. After all, I am sent by God to save those who continue to lose money in the market. People who follow me know that I have hardly suffered any losses so far.
COMEX:GC1! COINBASE:BTCUSD TVC:GOLD OANDA:XAUUSD
XAUUSD:2/8 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2470-84, support below 2446
Four-hour resistance 2470, support below 2446-34
Gold operation suggestions: Yesterday, the technical side of gold ushered in a roller coaster trend of long and short wide fluctuations in volatile trading, stabilized and rebounded near 2430, and the overall price formed a long and short wide fluctuation rhythm around the 2430 mark. The short-term bullish strong dividing line focuses on the 2430 line. The daily level stabilizes above this position and continues to maintain a strong bullish pattern.
From the current market trend, today's lower support focuses on 2430-35. Intraday retracements rely on this position to continue to be bullish. Short selling must set a stop loss to prevent unilateral rise.
SELL: 2446near SL: 2450
SELL: 2470near SL: 2474
BUY: 2430near SL: 2425
Technical analysis only provides trading direction!
Which way will gold trend before the release of non-farm payrollMarket analysis:
Yesterday, the gold market opened at 2448 in the morning, and then the market rose to a high of 2458.3, and then fell. The daily line reached a low of 2430.1, and then the market started to rise. The daily line reached a high of 2462. during the US trading period, and then the market fell back in the late trading. The daily line finally closed at 2446.3, and the daily line closed with a long-legged cross star pattern with equal upper and lower shadows. After this pattern ended, the daily line market was close to the upper Bollinger rail pressure, and whether it could go up further depends on the evening non-agricultural guidance. In terms of points, the long positions of 1996 and 2028 below, the stop loss is followed at 2250, and the long positions of 2434 and 2431 yesterday were reduced and the stop loss was followed at 2431.
With the upcoming release of non-agricultural data and the possibility of a full-scale conflict in the Middle East, and the corresponding explanation of the Fed Chairman on the September rate cut, I believe that everyone has a basic judgment on the trend of gold.
My personal analysis is that gold will reach a historical high
If you have other ideas about this point of view, please like it and write your ideas in the comment area
The end of the golden week line beware of malicious market washiYesterday Thursday, the first day of the August cycle, for yesterday, gold also ushered in a wave of V-shaped reversal, or more accurately, should be an M-shaped reversal. Within the day, gold from the opening fell back from 2444 near the bull outbreak 2458 line stop, then gold is also expected to usher in the shock down, but unfortunately, the lowest gold fell a wave of 2430 is to usher in a stop, did not meet my expectations of 2420, this, we did not participate in the layout of the single yesterday. And in the evening, the gold bull burst to break 2460, the highest to near 2462 to meet the stop, and for this wave, it is also scheduled to meet the peak low break 2440, in general, for yesterday, the market volatility is relatively large, but although the intra-day market volatility repeatedly washed short, but in the final analysis there is still no small profit, I think we're getting off to a good start in August. Of course, due to the influence of some mechanisms, I can not be as fully disclosed as in the past, but the operation is given one-on-one, this point, you can compare myself to the single case verification. So for yesterday, there are also many retail friends asked me about the recent trend of the market, in fact, recently, I have been emphasizing the layout of the medium and long term, although it is not clearly given in the real offer, but there are still many old students in the implementation of my program, which also relatively reflects my optimism about the short, this, relative to today's non-farm is also to give us the market reply, For that, you just have to wait for verification. So at the moment, other, Chen Feng I also do not say much, directly on today's market to express my personal views, you can read the following reference to understand. Of course, due to today's non-agricultural, market accidents are larger, all novice students try to stay on the sidelines, do not operate blindly.
-- Gold market review yesterday --
Yesterday Thursday morning, gold opened near 2448, the opening higher blocked near 2450 ushered in a halt to fall, gold is also ushered in a wave of lower near 2444, but unfortunately, bears did not usher in a further break down, but is the bull experienced a strong pull up the break to stabilize above 2450, Asian session, The highest is to rise to 2458 the first line to usher in a stop, and the fall is also relatively strong, short is directly broke 2450-2440, the lowest fell to 2437 the first line to usher in a stop, gold shock slow rise, near the eve of the European trading, the highest gold is also a rebound wave of 2448 the first line to usher in a stop. During the European trading session, gold once again opened the decline, gold is also a shock slow fall again broke 2440, the bear continued to force the lowest fall to around 2430 to usher in a recovery near 2445. The United States session, unemployment benefits announced more gold, gold is therefore ushered in a bull break 2450-2460, the highest to 2462 near to usher in a stop fall, and fall back fierce, bears directly broke down near 2443 to stop recovery, and recovery is only a wave of 2451 after the start of the decline again broke 2440. At midnight, the lowest fell to around 2335 before it was stopped, and then gold rebounded near 2440 to fall back, and bears further fell a wave of 2434 before they were stopped, and then long and short shocks returned to 2440 until the close of the market, and finally gold closed above 2440.
-- The end of the golden week line beware of malicious market washing? Will the non-farm attack help the bears return? -
Yesterday Thursday, for yesterday, the gold day deep 2460-2430 range wide volatility, intraday volatility, this, presumably the market retail investors this is also devastated, in fact, do not blame you, after all, for the current market, itself is in a state of not calm, take yesterday higher, Gold rose to break the day to stabilize at 2450, especially after the Fed's strong doves have this performance, the market is also betting on bulls to break a new high to hit the 2500 mark, the market bullish heat is also further rising, and any pullback process is attracting the influx of market retail investors. But it happened that gold stopped at 2458 and ushered in a crash of 2430, which, in the words of the previous TV: behind all this is the moral bankruptcy, or the distortion of human nature. To describe, after all, in terms of the current market situation, the outbreak of geopolitical risk, interest rate cuts are almost nailed, coupled with the heat of market buying, in fact, bulls have further climbing momentum, but gold has fallen, even if it fell, the market has begun to change that it may be a peak fall, but it is, Gold and stopped at 2430 ushered in a long counter-break 2460, and after breaking 2460, ushered in a rapid reversal of the plunge back below 2440, which repeated several waves of baptism, as far as I know, retail heart is undoubtedly near collapse.
However, the current market itself is like this, especially the gold market in recent years have been crazy speculation, market investors crazy influx, no matter what kind of gold investment, even if it is physical gold, are sought after by the world, including many from other investment tracks to the gold market, for this point, you want to harvest the profits of the market, Well, don't blame the agency for wanting to harvest your leeks. It is the so-called no profit can not be early, especially when you all know that the market has to experience so many unexpected information erupted this week, but also choose to chase the rise and fall, it means that you are already carrying risks in making choices, so in the final analysis, this is no wonder that the market, is completely blinded by the surface of the market, there is a good saying, "for the good are often blessed," There are risks in everything, and you often only know to pursue profits and ignore risks, so don't blame reality for giving you a hard lesson. There is also an idiom, called "do what you can", are adults, all know that there is no things in the world without effort, even if you want to solve the daily food and clothing need to rely on work and hard to fight, let alone this kind of investment can achieve wealth freedom, to say the word is not good, how can you think that you can earn money in the market? Workplace competition needs to rely on ability and resources, not to mention the market, this, but also hope that you can have self-knowledge. Of course, I am not saying that there is absolutely no money to be made, for this point, professional people have to hand over professional things, you do not have the ability, but you can ask competent people, it is not embarrassing? If someone teaches you, the person who teaches you is still very professional, but you are still not stable, then you should reflect on yourself, this, you reflect carefully.
So without further ado, let's get back to business. So for today, the non-farm employment data report will break out, at the same time, the unemployment rate data will be released, for this point, you may just know that this kind of data has a great impact, but the specific impact, you estimate is still unclear, this point, I will focus on today's data to talk about the impact of such information on the market. So for now, the release of such data will certainly have an absolute impact on the Fed's rate cut. For the current information revealed by the Federal Reserve, the current inflation return to 2% standard is no longer the Fed's interest rate reduction target, along with the easing of inflation and the recovery after the global economic virus, the market is also gradually returning to the normal, then in this case, if not for the excessive implementation of economic rescue before the United States, in fact, the US economy has long affected the return to balance. Nor is it safe to say that interest rate cuts have not been on the agenda until now. At present, the Federal Reserve has also made it clear that the implementation of radical interest rate cuts in the context of high inflation mainly requires a slowdown in the U.S. labor market and a rise in the unemployment rate. As for the relationship between the two, you have a good understanding, that is, the labor market is too strong, which means the growth of economic jobs, under what circumstances will this happen? That's only true if the economy is booming, and when the economy is booming, that means a series of increases in wages and so on, and that's coupled with higher inflation, because everybody's working, everybody's making money, and then consumption is going to increase, because everybody's making money, and that creates a chain reaction, and I don't have to go into the details of that as you can imagine, In this case, only fundamental relief can be achieved, and the fundamental problem is labor, which is why the Federal Reserve is currently so focused on non-farm.
So for today's non-farm, how should we judge the data? First of all, for the current US non-agricultural data, the pre-data value was 206,000 new population, while the market expected value is 175,000 new population, from the obvious point of view, the market is that the US labor market has slowed down, and Wednesday ADP employment data showed that the market expected value of 150,000 new employment, the actual employment of only 122,000 new people. From this point of view, the current employment performance of the United States is a little sluggish, but it is worth mentioning that on Tuesday, the employment of the United States showed that the current job growth is higher than the market expectations, which is a bit of conflict with the labor market, if there are not enough jobs, it is not enough, but the current situation of sufficient jobs in the United States, this is also expanding the growth of labor employment in the United States. Although the unemployment benefits data show that the unemployment rate in the United States is relatively high, the unemployment rate is the unemployment rate, some people start and some people leave, which is quite normal, which is not enough to limit the employment of the United States, of course, unless, as previously reported, the United States has plenty of jobs, but it is not hiring, thus limiting job growth, otherwise, The employment expectation of the labor force of 175,000 people is relatively low, that is to say, from the actual situation, it is reasonable to assume that the non-agricultural value is likely to be higher than the market expectation, which reflects the negative gold and positive dollar. But if the United States in order to implement interest rate cuts to restrict the recruitment of enterprises to achieve control, then the release of good gold negative dollar is also possible, so this point, for tonight's non-farm data report, in fact, it is not good to make absolute judgment, of course, I personally expect to increase, this, depending on the actual release of the data. As for the unemployment rate data, this, the impact is not big, after all, from the performance of unemployment benefits data can be predicted, the unemployment rate data is either unchanged in line with market expectations, or higher than market expectations of gold, this is relatively easy to judge, the possibility of explosion is very small, this, you are a little guard against it.
So a final word on the impact on gold after the non-farm data. First of all, if the non-agricultural employment data and unemployment rate data are released in both directions to benefit gold and the dollar, it means that the possibility of the Federal Reserve cutting interest rates in September is further improved, which is relatively conducive to gold, but it is worth mentioning that at present, there is still a long time to go before the September rate cut, in this case, even if the market wants to stir expectations, It is not so much as to say that there is no brain to push up the gold price in this month-long period, on the contrary, I think that in the case of the positive data triggered by the market retail investors will encounter buying and fleeing, and institutions will implement hedging bets to harvest market buying, so for today, I do not think that gold bulls can break out. On the contrary, if today's non-agricultural employment data and unemployment rate data are both bearish for gold, it is a bit uncomplicated, after all, the Federal Reserve wants to aggressively cut interest rates before inflation returns to the 2% standard, which needs the support of the US economic slowdown, and once the job market is strong and the unemployment rate is reduced, it directly limits the space for radical interest rate cuts by the Federal Reserve. In addition, considering the unknown impact of the US election, the short-term Federal Reserve may give up the possibility of interest rate cuts, once so, then the market buying and early market bets on interest rate cuts will flee, resulting in long and short trading imbalances, in this case, such a large-scale withdrawal, even institutional hedging is difficult to do, in this case, Gold bears or will usher in an unexpected crash, you know, the one-day unilateral decline of gold over 100 points of the market is not without, this, you need to be careful to guard against it. Of course, I am just exaggerating the narrative, does not mean that the market will be absolute, after all, do not rule out the non-farm employment data negative, and the unemployment rate data to form a hedge situation, but no matter what happens, I do not think that gold can further break new highs, and even if it breaks new highs, I also do not think that gold will further break to stabilize at 2500, after all, I said above, there is still a lot of time from the interest rate cut landing, this opportunity does not rule out the possibility of any surprises, this point, for today, I personally recommend that you around the rebound is better.
So for today's operation, I personally recommend that you go short, of course, yesterday 2460 has a long term short can hold and wait. Then the short position, first of all, because there is a major data outbreak this evening, in this regard, the white market is expected to fluctuate without accident will be relatively calm, unless it is said that the market malicious smash disk washing disk, otherwise, the probability of gold will continue to see in the 2460-2430 area, of course, more accurate, I think 2450 will be blocked, Compared with yesterday's gold flash collapse strength, in this case, 2450 even if it is difficult to get a further climb, this point, for today's short position, I personally think that the white plate in the vicinity of 2450-2453 can not break the layout. Of course, if you really want to encounter the unexpected rise of bulls, 2460-2467-2470 is still the position of the top, and excessive breaking is concerned about 2480-2486 can not break short. However, no matter how the bulls break out, you also need to hang reverse short orders for defense, after all, I said that gold may suffer a crash at any time, this, you remember to pay attention. So for doing more, I do not recommend that you layout, if lucky to be able to lower 2430-2420, you can try to participate in the short term, but note that you can in batches below 2420-2400 hang a good break empty single defense, after all, once the crash, 2400 absolutely can not hold, You can also take a look at 2380-2360 support. Of course, the analysis is only analysis, the specific operational ideas, you also need to adapt to the line. As for the specific operational details, I will also make a solid offer to give, you will strictly follow my requirements to control the position and stop loss basis.
NFP will fall first and then rise. Buy at low positions
If you are not sure about the direction of NFP. Just wait and see, don't trade. Today's non-farm, my personal idea is to fall first. Then rise. In terms of operation, buy at low levels.
It is more reasonable to buy at 2448-2443. Based on the news, it will fall first and then rise. Then trade.
OANDA:XAUUSD TVC:GOLD COMEX:GC1!
#XAUUSD60 Gold breakout, a new peak emerging?Assessment of the European - American session trend on August 2, 2024:
In the Asian session, there was a double peak sweep in gold, affecting our trading plan significantly.
The trading trend in the European-American session is still BUY. Today is the 6th day of the W candlestick pattern, with many news events strongly impacting the market.
There are two possible scenarios:
1. Gold will have a slight correction from 2468 to the range of 2453-2458 before continuing to rise strongly.
2. Gold may experience another double peak sweep to fill the liquidity area of 2410-2413 due to news events and then rise strongly again.
Gold may reach 2484 or form a new peak, which is entirely possible. However, price levels to watch are 2420-2413 and 2453-2458.
Recommended orders:
Plan 1: BUY XAUUSD zone 2453-2455
SL 2449
TP 2458 - 2468 - 2495.
Plan 2: BUY XAUUSD zone 2410-2413
SL 2407
TP 2416 - 2430 - 2473 - floating.
The price of gold will continue to rise after the callback.
Powell said that the probability of the next interest rate cut is very high. The gold price rose accordingly. At the same time, the news from Iran. Counterattack is only a matter of time. Once again pull the market sentiment. Risk aversion continues to rise. Cause gold to rise again. The highest reached 2450. After the opening, gold maintained at the 2446 line and continued to fluctuate. Intraday trading plan: Buy on callback. Wait for the increase of risk aversion. First pay attention to whether there is effective support at 2440-2443.
COMEX:GC1! OANDA:XAUUSD TVC:GOLD
The price of gold is about to continue to fall sharply.
Go short at positions around 2369. The decline is about 10-15 US dollars.
I am EDDY. Senior Financial Analysis Consultant.
I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day. If you are still confused about the trading market, you can continue to pay attention to my updates.
TVC:GOLD OANDA:XAUUSD BINANCE:BTCUSDT TVC:DXY
London market. Buying gold is the main activity.
London market. Go long on gold at around 2368-2371. Target is around 2383. Ultra-short-term trading looks for a trend rebound.
I am EDDY. Senior Financial Analysis Consultant.
I have experienced the financial crisis, the stock market crash, and the market circuit breaker. The current trading opportunities in the market are much better than before. There are many trading opportunities every day.
I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference.
If you are still confused about the trading market, you can continue to pay attention to my updates.
OANDA:XAUUSD TVC:GOLD BINANCE:BTCUSDT TVC:DXY