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Goldminers

Continue to go long on gold. In the short term, gold prices will also touch 2393-2400. Emergency events escalate. Risk aversion sentiment rises. Going long on gold prices in the Asian market is a good option. 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 upd FOREXCOM:XAUUSD COMEX:GC1! OANDA:XAUUSD TVC:DXY TVC:GOLD ates.
TVC:GOLDLong
by Eddy_Wealth
Gold next week trading signal analysisAt the end of the week, for this week, I can only say that the profit is almost perfect, I believe you are also very happy? After all, as far as I give the single statistics, this week killed more than 200 points of profit, I feel exaggerated, and these profits, also proved the end of the trough period, and, as far as the current statistics of this month, I also did recover the early losses and further profits, to the single, this month, profit and loss, the current statistics there are nearly 100 points of profit, The specific profit this month is about 98 points, this point, you can compare and verify yourself, in short, the list is one to one, this point, you can judge yourself. Of course, due to the actual and operational process will inevitably have a little accident, so the specific profit and loss, you also need to compare according to their actual situation, in short, as long as there is no accident, such as the market malicious washing and Chen Feng my state of instability, otherwise the cycle is just the number of profits, this, thank you for your persistence. So now, July is coming to an end, other, I am not greedy, there is a good ending on the line, then at the moment, other, I do not say much, directly to next week's market analysis, you can read the following reference to understand. -- Gold Friday market review -- Friday morning, gold opened in the 2364 line, the opening that fell into the 2364-2361 range of oscillations saw, but the good times did not last long, early in the morning, gold suffered a wave of crashing disc flash collapse in 2355, and then blocked to usher in a bull counterattack, gold is therefore a break of 2360-2370, the highest to 2379 line to usher in a stop back down, Long and short in the 2378-2370 range after a sawing encounter under 2370, but the bears did not usher in a further outbreak, but on the eve of the European trading stopped at 2368 ushered in a rebound 2375 line. During the European session, gold first went down a wave near 2365, and then stopped to usher in a slow rise in shock, gold is also slowly going up a wave near 2375 ushered in a stop shock, overall, during the European session, gold is deep in the 2375-2370 range. And the United States trading period, PCE data released bearish, but unexpectedly, gold did not usher in a sharp fall, but was blocked by 2371 ushered in a bull outbreak, gold is therefore broken 2380, the highest to near 2391 to usher in a halt, then fell back 2379 blocked into a wide range of volatility, long and short in 2390-2380 repeatedly saw, It closed at around 2,387. - Is gold hitting a stage bottom? Super week attack, gold long short how to choose? - At the end of the week, for this week, gold is also relatively ushered in a large fluctuation, at the beginning of the week, gold shock from 2400 above ushered in a short outbreak of 2383 stop rebound, gold on the eve of the outbreak of GDP data, the highest is also a rebound of 2431 line, then for this point, I also mentioned in the blog earlier, In the case of gold sticking to the see-saw near 2400, there must be a rebound near 2420, more likely to break 2420 and usher in a reversal plunge, then in fact, the market is also fluctuating as I analyze, after all, as of Thursday, GDP and unemployment benefits and PCE data are all as bearish as I analyze. Gold is also expected to usher in lower 2360, and for this I also said, gold is expected to usher in a stage bottoming out in the 2360-2350 region, and gold is also in the 2353 ushered in a recovery, just said Friday Chen Feng I expect PCE more help gold bulls counterattack 2400-2420, in fact, The highest also rose to around 2391, which is still a little gap with my analysis, but in general, PCE explosion and negative rise this is a fact, this, you can read my recent analysis blog to verify. So what about next week's gold bulls and bears? In fact, for this point, I don't need to say that you all know that next week's market is not simple, after all, for next week, the Federal Reserve interest rate resolution and Powell's speech came, coupled with the multiple outbreaks of ADP, PMI, unemployment benefits, non-agricultural, unemployment rate and other data, in terms of this market, I think it is limited ability to make a clear prediction and control. In fact, I can't blame me, after all, the current gold market, institutional control of the influence is too big, the influence of the data is limited, moreover, in the near future, the surprise of the data is also slightly increased, take Thursday, PCE data range is so lower than the previous value of the case, Friday's PCE annual data is actually synchronized with the previous value, in terms of this possibility, Minimal probability can appear, which also reflects the current market is not calm, especially at present, the market expects the possibility of the Federal Reserve rate cut in September is a certainty, and then refer to the current inflation slowdown and the Federal Reserve officials said that the need to cut interest rates in advance of the speech, maybe this week will usher in the rate cut landing is not necessarily, so in this case, you also need to be cautious. Of course, for next week, if the data is positive, Powell does not rule out the possibility of further eagles to fight interest rate cuts, this point, you must not blindly bet on the short. So for next week, at the beginning of the week, we must still look at a wave of rebound, after all, gold on Friday since the 2355 stop to rebound, this wave, gold is also facing a stage of bottoming out, after all, in any case, in the case of excessive interest rate cut expectations, gold since 2483 high 2353, Bears have ushered in a fall of 130 points, in the short term, gold also has a certain rebound demand, coupled with the current interest rate minutes and Powell's speech in the case, gold will have a high probability of buying expectations to pull up, that is, before Thursday, gold will have a high probability of further impact 2420-2430-2450, of course, Do not be too happy too soon, after all, for Powell's speech, his remarks are often disappointing, once Powell unexpectedly put eagle in this speech, coupled with the strong non-agricultural employment performance, that gold may also usher in the possibility of further collapse, for next week, the focus is to pay attention to the market news situation and then choose the future market, All in all, next week, the market will inevitably have malicious control of the situation, you must remember to pay attention to the control of risk. So for next week, Monday, it is expected that gold will not have any big high and low open possibility, in this regard, for Monday, you can focus on a wave of 2390 can be successfully broken, of course, if 2385-2380 does not break, you can also directly see more than 2400 mark gains and losses, such as successfully broken 2400, Then do more directly on the trend to see 2420-2430. Of course, if you break 2380, you can also wait for 2373-2370 not to break again. All in all, for next week, try to keep back to the long to layout, short cautious. As for the specific analysis and operation details, I will make an update on Monday, please remember to strictly follow my requirements to control the position and stop loss basis.
OANDA:XAUUSDLong
by Transactionheadhunter01
XAUUSD:18/7 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2500, support below 2400 Four-hour resistance 2500, support below 2452-40 Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious. BUY:2452near SL:2447 BUY:2440near SL:2435 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Long gold price The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long. Focus on the impact after the opening of the Asian market. TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1! Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
TVC:GOLDLong
by NelsonPenn
Go long on gold prices. Wait for it to rise. Yesterday, the high price was sold and the price dropped by about 12 dollars. The members who followed the short selling made a good profit. Today, we will continue to go long on gold. The current price is around 2369. Trading in the market requires seizing the opportunity. Don't hesitate. When there is a suitable trading opportunity, you must act decisively to trade. Otherwise, your hesitation will lead to greater and greater losses, which will be irreversible. Maybe you have suffered losses from trading foreign exchange, oil, stocks, funds or digital currencies. But here, I still have good and reasonable products to help you expand your profits and recover your losses.If you want to recover losses or increase profits, contact Mary TVC:GOLD MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COINBASE:BTCUSD NYMEX:WTI1! MCX:CRUDEOIL1! TVC:DXY FX:GBPUSD BINANCE:BTCUSDT NYMEX:MCL1! COMEX_MINI:MGC1!
TVC:GOLD
by NelsonPenn
XAUUSD:17/7 Today's Analysis and StrategyGold technical analysis Daily resistance 2500, support below 2400 Four-hour resistance 2500, support below 2466-40 Gold operation suggestions: Yesterday, gold technically relied on the support of 2420 and accelerated to break through the previous high of 2450. The overall technical aspect continued the extremely strong unilateral upward trend of the bulls. From the 4-hour analysis, today's lower support continues to focus on the hourly top and bottom conversion position of 2450. The intraday retracement relies on this position to continue to be bullish. The upper target still focuses on the historical high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious. BUY:2466near SL:2461 BUY:2440near SL:2435 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Gold will be bought again to make money. Remember, I said it. From the trend point of view, the gold price is still upward. Since last Wednesday, ADP, initial jobless claims, and non-farm data. Multiple US economic data news are good for gold. So gold rose sharply last week to above 2390. Here I congratulate the traders who follow the signal and continue to trade. Because you follow it. So you deserve to make a profit. Judging from the news this week, gold has further possibilities. This week is the second week of July, so before the time for the interest rate cut in September comes, I think the market will prompt gold to digest it in advance. This is the first reason. The second point is that geopolitical conflicts continue to escalate. The possibility of war will continue to increase the price of gold. Under the influence of these two news, it is only a matter of time for gold to rise. The operation is still mainly buying low. At present, the focus is on buying at 2372. Aggressive friends can also buy small positions around 2377-2375. Enter the market in advance. Many people like to refer to technical indicators, so I have something to say to those people: in the face of the influence of dominant news. Technical indicators, which are lagging references, are of little significance. Keep paying attention. I hope everyone makes a good profit.
TVC:GOLDLong
by NelsonPenn
XAUUSD: 11/7 Today's market analysis. Waiting for CPI to be releTechnical analysis of gold Daily resistance 2400, support 2370-50 Four-hour resistance 2384, support 2370-61-50 From the analysis of the 4-hour line, pay attention to the resistance of 2384 on the top and the support of 2361 on the bottom. Sell high and buy low in this range before the CPI data comes out. After the CPI news is released, the technical analysis may become invalid, please refer to it with caution Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 9/7 Analysis and Strategy Gold technical analysis Daily resistance 2370-2400, support below 2350 Four-hour resistance 2370, support below 2361-50 Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell down in the shock and closed at the bottom. The overall price did not continue the bullish strength after the sharp rise last Friday, but swallowed up the gains on Friday, and the overall price returned to the wide range of long and short shocks. From the 4-hour gold trend, today's support is 2350-52, and the upper short-term resistance is around 2366-70. The intraday rebound relies on this position to short first and look down (the morning strategy successfully TP, profit 80pips), and the lower target continues to focus on breaking the bottom. The short-term long-short strong shock dividing line focuses on the 2380 mark. Before the daily level breaks through and stands on this position, continue to maintain the rhythm of long-short wide shock operation, and wait patiently for key points to enter the market. SELL:2370near SELL:2361near SELL:2350near Technical analysis only provides trading direction!
OANDA:XAUUSDShort
by ActuaryJ
1
XAUUSD:10/7 Today’s Analysis and Strategy/Signal UpdatesGold technical analysis Daily resistance 2375-2400, support below 2350 Four-hour resistance 2375, support below 2361-50 Gold operation suggestions: Yesterday, the overall technical side of gold fluctuated around the 2350-2375 area. The price of the Asian and European sessions rebounded slightly and fell back under pressure at the 2368 mark. The US session accelerated to break through the 2371 line and fell again under pressure. Finally, it quickly stepped down and broke through the 2350 mark, then stabilized and began to rebound. The daily chart rose slightly. The overall price showed a wide range of long and short fluctuations above the 2350 mark. In the short term, the gold price is likely to continue to alternate between long and short. From the 4-hour gold trend, today's lower support continues to focus on yesterday's low of 2350, and the upper pressure focuses on 2370-2375. Sell high and buy low during the day, and wait for the range to break before following the transaction. SELL: 2375 near SL: 2380 BUY: 2370 near SL: 2365 BUY: 2350 near SL: 2345 Technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
Analysis of gold price trend on WednesdayGold fluctuated in a narrow range in the Asian market on Wednesday, currently around 2367. Gold prices rose slightly on Tuesday. Despite the strengthening of the US dollar and rising US bond yields, Federal Reserve Chairman Powell said in a speech to Congress that the US "economy is no longer overheated", "warming up" for the September rate cut, providing support for gold! Recent U.S. economic data showed a slowing labor market, solidifying expectations that the Fed will soon begin cutting interest rates. Fed Chairman Jerome Powell testified in Congress on Tuesday that inflation remains above the Fed's 2% target, but has been improving in recent months, and more good data will strengthen the Fed's case for cutting rates. Market focus now turns to the Consumer Price Index (CPI) data released on Thursday, with recent data showing inflation retreating after an unexpected rebound at the beginning of the year. Fed Chairman Powell will also deliver his semi-annual monetary policy testimony to the House Financial Services Committee on this trading day, and investors also need to pay attention. In addition, pay attention to news related to the geopolitical situation. Gold adjusted the daily line to alternate between red and green, and the lower edge of the trend 2350 is still a strong support. The daily closing line still broke the lower edge of 2350, and stood above 2360 at the closing line. The daily trend was relatively standard yesterday, and the MA7-day moving average and the 10-day moving average stopped again and counterattacked and closed at a high level. The moving average has now moved up to 2359/2351, and it still remains open upward. The RSI indicator daily chart still remains above the middle axis. The lower edge support 2350 of the short-term four-hour chart is still valid. Asian trading strategy: Short-term gold 2351-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2370-2372 short, stop loss 2382, target 2350-2360; Note: The above strategy was updated on July 10. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia
Analysis of gold price trend on TuesdayIn the early Asian session on Tuesday, gold fluctuated in a narrow range and is currently around 2368. Gold fell more than 1% on Monday, basically giving up all the gains on Friday, as stock market risks rebounded and investors took profits after the previous trading day's surge in expectations that the Federal Reserve might cut interest rates in September! However, the geopolitical situation remains tense, and the market's expectations for the Federal Reserve's September rate cut are gradually heating up. It is expected that bargain hunting will provide support for gold prices, and gold prices still have a chance to test the resistance near the 2400 mark in the future. The unexpected result of the French election provided the dollar with an opportunity to rebound, but it remained weak overall after Friday's U.S. jobs data boosted bets that the Federal Reserve will soon start cutting interest rates. In addition, China, the largest consumer of gold, did not buy gold for the second consecutive month in June this year, which was also a major factor in the sharp drop in gold prices. The Nasdaq and S&P 500 indexes of the U.S. stock market hit record highs at one point, and the Dow Jones Industrial Average hit its highest level in more than a month. The market currently expects a 71% probability of the Federal Reserve cutting interest rates in both September and December. Investors this week will focus on Fed Chairman Powell's semi-annual congressional testimony, a series of speeches by Fed officials, and U.S. inflation data to be released on Thursday. Gold daily line alternates between long and short cycles and falls into wide fluctuations. Gold gave up Friday's non-agricultural gains and experienced a technical correction. The daily line once again showed a red-green alternation cycle and fell into fluctuations. The MA7 daily moving average retreated to 2350 and stopped rebounding. The RSI indicator was above the central axis. The price on the four-hour chart retreated to the middle track of the 26-cycle Bollinger band, and the RSI indicator adjusted its central axis. Gold technical side alternates between long and short moves, and the downward adjustment depth and strength are not small. The main long trading idea is maintained at a relatively low level, and the high-altitude auxiliary. The overall trading shock treatment range is 2350/2390! Asian trading strategy: Short-term gold 2350-2352 long, stop loss 2341, target 2370-2380; Short-term gold 2367-2370 short, stop loss 2378, target 2350-2360; Note: The above strategy was updated on July 9. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSDShort
by GenevieveJulia
XAUUSD: 8/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2400-50, support below 2370-50 Four-hour resistance 2400, support below 2370-61 Gold operation suggestions: From the current trend of gold, today's support below continues to focus on the neckline of the hourly line last Friday, near 2374-76. Intraday retracement relies on this position to continue to be bullish. The short-term bullish watershed focuses on the 2370 mark, which will start a downward trend after breaking it. The daily level stabilizes above this position and continues to buy at a low price. BUY:2370near SL:2367 BUY:2361near SL:2358 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
2
Gold pullback - trading entry for todayGold fee is buying and selling round 2362 USD. Technically, the fee is displaying a pullback from the preceding excessive, presently retesting the pleasant bullish channel assist sector fashioned on D1. If the fee holds the assist sector round 2,350 USD/ounce, there may be a excessive opportunity that the fee will hold to upward push to the resistance degree of 2,four hundred USD/ounce and probable better. The deceleration and consolidation in advance of this degree indicates bullish hobby in in addition growth. According to this view, the chance of gold charges will upward push better withinside the close to destiny primarily based totally on marketplace expectancies that americaA Federal Reserve (Fed) will reduce hobby prices. CME`s Fedwatch device indicates hobby prices will fall in September and will fall in addition in November and December, which might gain gold. This week, marketplace interest is targeted on Fed Chairman Jerome Powell's congressional testimony, feedback from numerous Fed officers and US inflation data. According to senior analyst Matt Simpson City Index, a vulnerable inflation record coupled with Mr. Powell's dovish tone can be the correct catalyst for gold to attain new highs. Short-time period stages to consider: Resistance stages: 2400, 2422 Critical assist degree: 2350 In summary, gold's short-time period outlook is positive, primarily based totally on strong technical elements along with a long-time period uptrend, supported with the aid of using EMA and a growing fee channel. If gold charges keep above the $2,350/ounce assist degree, there may be a excessive opportunity that the fee will hold to upward push and head in the direction of the $2,four hundred/ounce resistance degree or better. However, buyers have to observe that the gold marketplace continues to be substantially stimulated with the aid of using macroeconomic elements and geopolitical occasions that would opposite modern-day moves.
TVC:GOLDLong
by Chart_MasterPro
Analysis of gold price trend on MondaySpot gold fell slightly in the Asian market on Monday and is currently trading around 2383. The unexpected result of the French election over the weekend, the weakening of the euro, provided the US dollar with a rebound opportunity, and the London gold price was slightly under pressure. Gold extended its gains on Friday to its highest level in more than a month, reaching 2392, after key US employment data showed that the labor market was weakening, thus raising expectations of a September rate cut by the Federal Reserve. In the past week, the US economic data has been disappointing, the US dollar has fallen under pressure, and gold has risen strongly. Looking ahead to the next week, Fed Chairman Powell will testify in Congress for two consecutive days, and the US CPI data for June may affect the Fed's expectations of rate cuts. In Europe, the French election on Sunday (July 7) has attracted much attention. In addition, the Reserve Bank of New Zealand will announce its interest rate decision. Given that it is expected to keep the interest rate unchanged, the market will pay attention to changes in its wording. Investors need to pay attention to the further fermentation of the French election on this trading day. This week, focus on the congressional testimony of Fed Chairman Powell and the US CPI data for June, and pay attention to news related to the geopolitical situation. Relatively speaking, the current fundamentals and technical aspects tend to support gold prices to break through the 2400 mark, and it is even expected to test the resistance near the historical high of 2449. Technical aspect Technical aspect: Gold closed sharply higher on the daily line. Bollinger Bands opened upward, MA10/7-day moving average opened upward and currently moved up to 2343/2355, and RSI indicator ran above the middle axis. Short-term four-hour chart formed a big positive line and broke through the moving average, keeping the opening upward and the price was on the upper track of Bollinger Bands, but RSI indicator reached 80 and entered the overbought zone, paying attention to the technical adjustment of the early week's high and fall. The trading idea of ​​gold at the beginning of the week remains unchanged, and the idea of ​​buying at a low price remains unchanged, supplemented by selling at a high price. Asian trading strategy: Short-term gold 2380-2382 long, stop loss 2371, target 2395-2405; Short-term gold 2406-2408 short, stop loss 2415, target 2380-2390; Note: The above strategy was updated on July 8. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release, NY time strategy is waiting for update
OANDA:XAUUSD
by GenevieveJulia
XAUUSD: 4/7 Today’s Analysis and StrategyGold technical analysis Daily resistance 2370, support below 2340-20 Four-hour resistance 2370, support below 2350-32 Gold operation suggestions: Gold bulls pulled up yesterday, breaking through the 2340 line since the European session, and then continued to rise in the US session with the stimulation of data, reaching a high of around 2365. Judging from yesterday's trend, the European session rose and broke through, then the US session retreated after a breakout, and then broke through again. The continuous rise also gathered the energy of the bulls. The trend of today's Asian and European sessions is also the direction indicator of the US session, and the support below will also be maintained at the low point of 2353 after yesterday's breakthrough and retreat. This position will also serve as the watershed point of the day. Similarly, if the European session continues to rise during the day, the US session will still be a good opportunity to go long. For yesterday's breakthrough, the bulls still have room to rise. Judging from the current gold trend, the lower support is at 2335-2343, and the previous high point and suppression point are around 2363-65. This position can also be used as the intraday long-short dividing line. If the rise is blocked for a long time, we can look for opportunities to short around 2370 before the US market. BUY:2343near SL:2340 SELL:2370near SL:2373 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold price trend on FridayGold fluctuated in a narrow range in the Asian market on Friday, and is currently trading around 2364. On Thursday, the overall trend remained in a narrow range, while investors digested the remarks of Federal Reserve Chairman Jerome Powell and looked forward to the US NFP employment data released later this week for more signals on US interest rate cuts. The latest US employment data such as ADP and initial jobless claims in May performed poorly. The market generally expects that the US job market may slow down, which is expected to provide support for gold prices before the data is released. However, Israel will send a delegation to negotiate with Hamas to release the hostages, and the geopolitical situation is concerned; US job vacancy data performed strongly, and even if the non-agricultural performance is poor, it may be "buy is expected, sell is a fact", and it is still necessary to beware of the possibility of a sharp drop in gold prices. Gold price has moved slightly by 10 USD per day, and it is obvious that the bullish momentum has weakened. In the past three months, the price of gold has been adjusting and even has a peaking pattern. Everything depends on the direction given by today's NFP employment data. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2368-2370 short, stop loss 2379, target 2350-2360; Note: The above strategy was updated on July 5. This strategy is an Asian strategy, please pay attention to the validity period of the strategy release. Trading will stop at NY time.
OANDA:XAUUSD
by GenevieveJulia
XAUUSD: 1/7 Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340, support below 2315-2277 Gold operation suggestions: From the analysis of the 4-hour line, today's support below is around 2315, and the upper short-term pressure is around 2335-40. First, sell high and buy low in this range. In the short term, the gold price is likely to continue to fluctuate widely. SELL:2340near SL:2343 BUY:2315near SL:2312 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
3
XAUUSD: 3/7 Today's Analysis and StrategyGold technical analysis Daily resistance 2340-70, support below 2277 Four-hour resistance 2340-70, support below 2319-2277 Gold operation suggestions: Yesterday, the technical side of gold continued to fluctuate in a narrow range. The price of the Asian and European sessions was under pressure at the 2332 mark and quickly fell back and fell, reaching 2319 and stabilizing and rebounding. The gold price in the US session quickly rose and was under pressure at the 2336 mark and fell back and closed. The overall price continued to fluctuate around the 2318 mark support and the 2336-40 area, and there was not much continuity between the long and short positions. From the perspective of the 4-hour gold trend, today's lower support continues to focus on the vicinity of 2315-2318, and the upper pressure focuses on the 2370 mark. Continue to rely on this range to sell high and buy low during the day. SELL: 2370near SL: 2373 BUY: 2318near SL: 2315 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
GOLD - rising after weak economic data🟢The global gold marketplace did now no longer differ tons in the course of the National Day holiday. Gold retained its preceding profits as expectancies that the United States Federal Reserve (Fed) could reduce hobby costs as early as September multiplied following vulnerable monetary statistics. 🟢In addition, currently launched statistics reinforces the opportunity of loosening economic coverage this 12 months and that may be a high-quality sign for gold. Data launched withinside the center of this week confirmed that the wide variety of packages for unemployment advantages multiplied, the wide variety of jobs withinside the personal quarter multiplied through most effective 150,000, tons decrease than forecast. 🟢Currently, the marketplace is watching for non-farm payroll statistics. This file can have a massive effect on gold expenses withinside the future. If gold falls after the file, traders have to see it as a shopping for possibility because the treasured metallic is on an uptrend and will reach $2,four hundred an oz. or greater pushed through sturdy demand. from principal banks and shelter-in-location shopping for because of issues approximately geopolitical tensions.
TVC:GOLDLong
by Chart_MasterPro
Analysis of gold price trend on ThursdayGold fluctuated in a narrow range in the Asian market on Thursday, currently around 2358. Gold prices rose by more than 1% on Wednesday, hitting a nearly two-week high of 2364 during the session, as recent US data showed a weak labor market, the Fed's meeting minutes were dovish, the market's bets on the Fed's September rate cut increased, and the US dollar index fell sharply to a nearly three-week low. In addition, the situation in the Middle East has become tense again, and the resulting safe-haven buying has pushed gold higher. Another report showed that the US service industry shrank last month, which also put pressure on the US dollar and benefited the gold price trend. The US ISM non-manufacturing index fell sharply to 48.8 in June, the lowest level since May 2020, indicating a contraction in the service industry. Currently, the market believes that the probability of the Federal Reserve cutting interest rates in September is 74%. This trading day is the US Independence Day holiday, the US market is closed, and the US economic data has been released in advance on Wednesday, and market trading volume may be limited. Investors now look forward to the NFP employment report released on Friday to further clarify the path of US interest rate cuts. It is not surprising that the center of gravity of the gold bottom consolidation range moves up to accumulate bullish momentum. Yesterday, we thought that the range divergence would continue to be maintained, but the price directly broke the expectation a little. The daily K line directly rose unilaterally and ended strongly at a high level. The price will continue to challenge the upper resistance. The bulls of large and small cycles are all in the same direction. Gold broke through the box and oscillated in 1 hour. Gold did not fall back quickly after the breakthrough. Gold has stabilized above the box. The decline of gold is an opportunity to go long. Gold fell back to the 2353 line in the US market last night to form support. Gold fell back to the 2353 support in the early trading and stabilized, so you can continue to go long. Asian trading strategy: Short-term gold 2350-2353 long, stop loss 2342, target 2370-2380; Short-term gold 2378-2380 short, stop loss 2389, target 2350-2360; Note: The above strategy was updated on July 4. This strategy is an Asian trading strategy, please pay attention to the validity period of the strategy. NY time strategy is waiting for update
OANDA:XAUUSDLong
by GenevieveJulia