12.5 COMEX Gold Technical AnalysisFrom a technical perspective, the gold daily line is close to the upper edge of convergence, and the Bollinger Bands show signs of closing. At the same time, the price has not broken through the moving average pressure, and the KDJ indicator is in a state of fluctuation without an obvious direction.
The daily level convergence pressure is around $2,690. If it breaks through, it is expected to accelerate upward and test the previous high point. If it breaks below the support of 2,640, it will accelerate downward.
From the 1-hour level, the Bollinger Bands are closing, and the convergence structure is entering the end, waiting for the direction to be chosen. The current volatility has dropped significantly.
The technical indicators remain volatile, with intraday high selling and low buying, and the lower support is $2,650 and the upper pressure is $2,690.
SELL: 2,650 Defense: 60 Target: 35-----30
Goldminers
12.5 Gold shocks, waiting for non-farm payrolls, short and longYesterday, the gold market opened at 2643.2 in the morning and then fluctuated in the range. Before the start of the U.S. market, the market gave a daily low of 2631.8 and then the market quickly pulled up to the daily high of 2657 and then the market consolidated. The daily line finally closed at 2649.8 and the market closed in a spindle shape with a lower shadow slightly longer than the upper shadow. After ending with this shape, today's market fell back to more. In terms of points, if today's market rises first, give a short stop loss of 2652 to 2657. If it falls back to 2637 first, the long position will be conservative at 2635 and the long stop loss will be 2631. The target is 2657. If it breaks, the pressure of 2661 and 2667 will be seen.
11.4 Gold weakens in the short termGold has fluctuated for two consecutive trading days, and it should break today.
Yesterday, as expected, the daily line rose after a single negative, mainly in three aspects:
1. Since this wave of rebound, the daily line has been a single negative, so look at the cycle.
2. The previous day rebounded too much. Although it retreated at the 618 position, the double bottom position is still there.
3. In the morning, 2633 is not only a rebound and retreat to the 618 position, but also a previous low point.
When looking at fluctuations, I have always emphasized a method, 618 is better to make a mistake than to let it go.
Therefore, we used gold non-short yesterday.
At the same time, let's look at yesterday's technical points:
Yesterday emphasized two watersheds, one is the time point of the European session, and the other is the price: 2633 and 2644, and the intraday breakthrough will continue.
1. In the morning, it directly relied on the low point to rise, quickly to the 2652 line, and the price effectively broke the morning low of 2644. It also emphasized that after the breakthrough, it is enough to step back more.
2. 2639 is the morning rebound and retracement to 618. The shock continues to see a step-back entry.
3. Although the performance before the US market is not big, the formula emphasizes that the correction at 6-8 points before the US market is still bullish. Yesterday, the US market also continued to rise after the breakthrough as expected.
But there are also regrets. It continued to fall back at 12 o'clock in the morning.
In the formula time point, we will make a summary at 12 o'clock every night. On the one hand, the Asian market is now big, and we will make a layout at 7-8 o'clock the next day, and also make a summary for the day.
Yesterday at 12 o'clock, it returned to the prototype: the first thought is that it was short at 7-8 o'clock this morning, and gold was weak.
Today, it is still the same. In this form, don't look at the continuous positive cycle of the daily line. Instead, the yin and yang lines in the shock are interchanged. Today, we see a break and fall.
For operations, it has been emphasized recently that the Asian market fluctuates greatly, and the focus is on the layout at 7-8 o'clock.
Therefore, you can go short in the morning, the upper watershed is 2649, and the lower target is 2627-29.
In addition, if it falls below 2630 today, then it is still short in the European session.
Due to the oscillation pattern retracement, pay attention to the entry point at 618, and the extremely weak 382, which refers to the entry point for the second rebound when the intraday high falls to the low.
12.4 Gold today overall range sweepOn Tuesday, the price first dropped to 2634-2633 in the morning, and the support was confirmed in the afternoon, and it was pulled up to 2650 area.
Then, the first bottoming out and rebounding action has been made. Next, under the condition of keeping low, we can look at the second continued upward action, and then break through and stand firmly on the large channel, and then look at the third acceleration to complete the pull-up of 30 US dollars in space
The four-hour pattern continues to show a narrowing situation, waiting for the subsequent breakthrough opening to guide a wave of unilateral volume
The closing range of the shape, the upper rail is 2666-2664, and the lower rail is 2620-2622
The position of the large channel line is close to the upper rail pressure 2652-2653. The support in the same area expands the sweeping space upward. Today's early trading squats back to hold the lower rail support
It can break through and stand firmly along the large channel line 2652-2653, and switch upwards. The next channel upper rail position focuses on the 2676-2678 area
BUY: 2635————2640 Stop loss: 2645————50
Target: 2660 2665
The daily hammer of gold market is extended and rubbed.From the technical perspective, the price of gold continues to fluctuate within the convergence triangle area. The decline on Monday this week is consistent with the characteristics of a volatile downward trend, with the lowest intraday price reaching 2620, which is exactly the starting point of the stabilization and rebound last week, highlighting its key support significance in the volatile market. As the price falls, the market has fallen below the volatile upward support line and is under pressure from the previous high of 2650, with a significant double suppression effect.
Looking ahead to the intraday trend, the suppression of the 2650 line still needs to be focused on this trading day. Given that gold is still in the volatile downward stage of the large-cycle convergence triangle and the downward trend has not yet ended, there is a possibility that the price of the market will fall below 2620. Therefore, in the short term, we maintain a bearish mindset, with 2650 as the key suppression level, and are bearish on gold. However, in the context of frequent interweaving of long and short factors, investors need to pay close attention to market dynamics and flexibly adjust strategies to cope with changes that may occur at any time.
XAUUSD: 3/12 Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2580
Four-hour resistance 2652, support below 2623
Gold operation suggestions:
From the current market trend, yesterday it was blocked by 2652 and fell back, with the lowest point reaching 2633. Today it fell to 2634, holding the support point to stop the decline and rebound. It has now come to 2650, approaching the 2652 suppression level again. If it holds 2652 and participates in short selling, it will accelerate upward to 2660-66 area if it breaks 2652. At that time, it will need to step back and do more, and then pay attention to the 2666 suppression level to be bearish. The overall situation is a tug-of-war market. Pay attention to the stabilization of the 2633 support point.
European and American gold operation ideas: Gold 2651near short; pay attention to whether 2634 can get support, you can be bullish; if it breaks 2652, it will step back near 2646 and continue to do more, with the target above 2660, and it can be sold if it touches 2664near. Today's market is complicated
SELL:2664near
BUY:2634near
BUY:2623near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD - Potential sell !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB around 2600.
Like, comment and subscribe to be in touch with my content!
Opportunity? A fall in the USD dominance is coming. BRICs can potentially challenge the USD. Money being linked back to a hard asset appears on deck whether it be BTC/Gold/Silver. This bodes well for all North American jurisdiction gold and silver resource companies. Strikepoint has huge potential in massive Walker Lane, Nevada property with an interesting private partner located at the center. As well as two high grade assets in the legendary Golden Triangle.
XAUUSD: 11/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2761, support 2638
Four-hour resistance 2678, support 2638
Gold operation suggestions: Last Friday, the overall gold price fell sharply from a high level. Today, Monday, the short position continued from last Friday, and the trend is still mainly short selling.
Judging from the current market trend, we still need to continue to be bearish on the market this week. Pay attention to the short-term 2668 line pressure on the upper side. The key pressure point on the upper side is maintained at 2675~2680, which is also the dividing line between long and short this week. The key support below is maintained near 2638. Once it continues to break down, it is very likely to start a large downward trend. The operation is still treated as rebound short selling, and wait patiently for key points to enter the market.
SELL:2668near
SELL:2638near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis
Daily resistance 2761, support below 2600
Four-hour resistance 2720, support below 2678
Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday.
From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying.
BUY:2778near SL:2774
SELL:2720near SL:2725
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Resistance 2720. Support 2692. Today's market analysisGold attacked 2710 and stood on the 2700 mark again. The adjustment range is very large. The market fluctuated greatly recently, fluctuating back and forth by 70~100$, so don't chase the rise or follow the short. Pay attention to the continued high action at the end of the week. Go long first and then go short when the correction is made!
The Federal Reserve's interest rate decision for gold was cut as expected, and the expectation of interest rate cut was realized. Gold is now encountering resistance and fluctuating. Today, it is mainly high and low. After the strong rebound of gold yesterday, the short trend of gold has temporarily come to an end, but the market may not reverse. It is likely to start a volatile market again.
The 1-hour moving average of gold has not turned around yet, and gold may not start to reverse for the time being. Gold seems to rebound strongly, but gold has repeatedly fallen under pressure above 2720. It continues to go short at highs below 2720 in the Asian session. Gold 2720 can be shorted first.
First support: 2692, second support: 2687, third support: 2672
First resistance: 2720, second resistance: 2736, third resistance: 2750
Trading strategy:
Trading based on resistance and support, BUY: 2691-2693. SELL: 2720-2722
Gold Rebounds to $2700! Post-Trump Rally Shows Signs of PullbackFollowing Trump’s election-driven downturn, gold prices have fully rebounded, climbing back to the $2700 mark. However, after this sharp rise, signs of a potential pullback are becoming apparent. I believe gold is nearing a short-term peak, making this an opportune moment to start selling and capture possible downside moves to lock in profits during the adjustment. Keep an eye on the market and stay flexible to manage the upcoming volatility.
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666.
Technical analysis:
Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line.
At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend.
BUY:2660
First target 2680
Second target 2700
Third target 2720
Analyzing the Factors Behind the Recent Gold Price Decline
A Post-Election Dip
Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment.
Why Did Gold Fall?
1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal.
2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities.
3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets.
Is More Downside Ahead for Gold?
While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory:
1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal.
2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold.
3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices.
Technical Analysis
From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly.
Investor Strategies
Given the current market conditions, investors may consider the following strategies:
1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility.
2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation.
3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs.
4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk.
In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
11.6 Gold price plunged sidewaysAfter the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to rise sharply, and the non-US has already reacted very clearly, and the gold price is following closely. The 2745 dry short price has fallen to 2731 in the morning. Repeatedly go up to 2749 and do short again! At present, 2750 is the second highest point of the gold price. Wait patiently for the large short volume! This sideways trading is to accumulate power for diving!
Intraday strategy:
SELL: 2745 2750 Target: 30------20
BUY: 2700 2705 Target: 35-----40
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing.
2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking).
3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more!
The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
Bearish trend, sell on highsGold surged and fell on Friday. From the chart, the price fell sharply on Thursday. The price fell below the upper line and the acceleration line. There was a short-term signal of turning short. The auxiliary indicator MACD formed a dead cross at a high level. It is currently suppressed by the moving average. 2750 can be shorted under pressure!
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
11.4 Where will the gold trend go?Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen.
BUY: 2720 Target: 2740------50
SELL: 2755 Target: 2730------20
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
11.1 Gold shock awaits non-agricultureJudging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data.
1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen much.
We have been emphasizing this point of view to everyone recently: Don't buy more twice when gold retreats in the US market. After the increase is too large, it is easy to fall by a large margin. Double bottoms, 618, and other positions are not caught, and there is no rebound.
But compared with yesterday's empty, it is the rhythm. Continuous failures and no operating mentality are easy to form. If you can't get started when you see it right, and you can't hold back and get started, it's wrong.
2. The morning is still a cyclical rise.
Intraday analysis:
1. A sharp drop in the rise, the first day is still a bull correction, which has been seen countless times before.
2. The continuous sharp drop breaks the bottom, which changes the short-term bull direction.
3. There will be non-agricultural data tonight. Before the non-agricultural data, the overall market should not change much.
4. If the bearish outlook continues, the rebound in the morning is focused on the European session. If the European session continues to rebound, the US session will inevitably fluctuate. If the market is weak, the European session will retreat first.
At present, it is obviously the top of the hourly big Yin line at 2757, because this position breaks the position of the decline and rebound at 382. And there is no high point of correction in the early morning, so it can only be arranged at the top of the big Yin line.
At the same time, the non-agricultural data is divided into two parts:
1. Look at the second retracement before the non-agricultural data.
2. Whether the non-agricultural data can continue the decline of yesterday depends on the data. Last month, it was 254,000, and this time it is expected to be only 11.3. Whether it is from the initial claims or from ADP, it is impossible to be lower than 11.3. It can only be high. How high it is depends on the data performance.
Therefore, the worst non-agricultural data is also bad for gold. It just depends on how bad it is. For example, ADP rebounds first and then falls, or it retreats directly.
As long as the data is higher than 150,000, the pullback is also empty, but no matter what, the European session is very critical. The European session continues to rebound and is strong. The US session fluctuates, but the European session is weak, and the probability of breaking the bottom is high.
Is now the best time to short gold prices?I don't think so. I believe you have read the article I posted yesterday. If not, read it again.
Is the accuracy of the fast trading strategy amazing? Indeed. This is the strength of the fast trading strategy analysis team.
At present, the values mentioned yesterday have been fully achieved today. Today, I led all members to go long on gold prices again to expand profits. There are about 9 profitable orders. You can refer to the fast trading strategy grouping
Tomorrow's trading direction: Check above to see if the position of 2786 can be successfully broken through. If not, you can refer to the opportunity to sell above 2786 and buy near 2770 tomorrow. If it breaks through, then 2800 points is not far away. At present, there is no major news to promote it. Focus on the initial jobless claims data on Thursday night and the release of non-farm data on Friday. This week's time is also very tight. After all, good trading opportunities want to expand profits. Members of the fast trading team are no exception. So I am also busy.
Market analysis for three days this week. The accuracy of the signals is obvious to all. Trading is actually very simple. As long as there is trading funds in the account, everyone can leave me a message. Everyone has equal opportunities. No one wants to be a person who keeps losing money! Everyone agrees, right?
There are only two trading opportunities left this week, and the trading space is still very large. The proportion of making money. The probability of making 70% profit on 100k is more than 95%. The probability of making 100% profit is more than 85%. The above are all cumulative data. People who continue to pay attention know this.
Regarding trading, this is all I will notify you today. If you have any questions, you can leave me a message at any time. I will reply and solve them in time when I see them.