Goldminers
Gold: a strategic move
The fluctuation range of the gold Asia-Europe market is limited, and the market is concentrated in the performance of the US market! Judging from the current trend, the decline of gold has deviated, which means that this decline has come to an end! Moreover, this wave of decline has fallen to the support position of the weekly Bollinger lower rail, and is supported by the daily long-term moving average! Specific rebound conditions!
Now that gold has started to rebound, the U.S. market will focus on whether it breaks through 1920. After the breakthrough, it can be bullish to the 1930 line. More, the U.S. market will continue to be bullish!
Pay attention to the competition situation in 1920, and pay attention to the impact of data on the market. According to the data, whether gold will stand above 1920 or under pressure, and then make specific strategic adjustments.
Gold trend analysis
Gold prices struggled on Wednesday, with investors on the sidelines ahead of key U.S. inflation data that could provide more clues about the Federal Reserve's monetary policy stance. The latest U.S. inflation data due tomorrow will be an important point of reference when the Fed meets next month, when the committee will decide whether to continue raising interest rates or whether inflation is currently on a downward trajectory enough for the Fed to keep rates on hold. I am still bullish on the price of gold going up tomorrow
trading signal:
gold:buy 1905-1910 tp 1920-1925
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Gold: Gold US market 1960 dry air
The market is always full of surprises, which increases uncertainty, but this is also the charm of the market. I believe that everyone has no objection to the bearish view of gold technology today, and it makes the bears uncomfortable, but since the overall position is still short, it is better to give a better point to go short. The gold US market data soared to 1960 and directly went short, and gold fell to make a profit harvest.
Minefield ⛏️💥The VanEck Junior Gold Miners ETF (ticker: GDXJ) has entered a certain minefield here. Our short-trade target zone has already been dealt with and the corresponding high of the turquoise wave (ii) was placed accordingly within said zone. We are now anticipating further impulsive sell-action in accordance with the general bearish trend. If the bulls want to start another comeback though, they should’nt be able to increase the price beyond our still active second sell zone (between $39.33 and $41.67).
GOLD: Today with news!Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
XAUUSD:Will it fall below 1900 again?
When it breaks through 1937, the short-term downward trend is destroyed, because 1937 is a very important resistance, once it breaks through, it means that the bottom has appeared. I mentioned this issue in the previous article.
At that time, because it was judged that 1937 would not be directly broken, it was short-selling, and the target was 1880. Finally, the market stopped falling at 1893, and then, in the following news, it broke through 1937, and it returned to above 1952 again.
At present, the price has touched the important resistance of 1981-1985. Although there is no breakthrough, we have to be vigilant. If it does not break it (1963-1957) in the process of backtesting the support, it will mean that it will rise again , may go directly to around 2000.
Of course, if it breaks below support, or even falls to around 1943-1939, then we will consider it to form a head and shoulders pattern again, and then fall below 1900.
The number of initial jobless claims will be announced tomorrow. This is an opportunity to choose the direction of the current shock. We only need to focus on these few positions.
At the same time, the month is coming to an end, NFP and some other monthly data will once again bring new opportunities for gold, are you ready to seize them?
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Gold 24/07 Fed hesitated in deciding to raise interest rates.Uncertainty over whether the Fed will pause its rate hike cycle persists, as US inflation is still trending well above the central bank's 2% annual target.
Other precious metals fell on Monday, with platinum futures down 0.1%, while silver futures fell 0.2%.
BUY GOLD zone 1948 - 1952
Stop Loss : 1942
Take Profit 1: 1955
Take Profit 2: 1960
Take Profit 3: 1965
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD: 18/7 Gold Trading StrategyGold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit.
Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since gold rose to the high point of 1963, the trend has retraced and fluctuated sideways. Under this trend, we only need to confirm the range, and sell high and buy low within the range. We can see that the support position of the low point below has been moving up, especially the recent low point of 1945, which can be regarded as a new support level in the short term. At present, the resistance has changed to support, and the rise of gold is still relatively strong. Regardless of whether you are long or short, we just enter the market when we have a chance and make money.
Back to the topic, gold fell to the lowest point of 1945 on Monday and then began to rebound. The overall operation was above the 1954 line until the close, and the willingness of the bulls can be clearly seen. So today's operating strategy:
SELL: 1965~1968
TP1: 1958
TP2: 1955
BUY: 1950~1945
TP1: 1955
TP2: 1960
XAUUSD:Chasing high has no advantage
Yesterday, I analyzed that gold will fluctuate and rise, gold buy1972 tp1980-1985, and finally reached the target point of our attention near 1984. This position is an important suppression level in the early stage. With strong pressure, today's hourly line closes below this position, which will bring a certain callback.
Since looking at the bottom in 1920, it has been bullish until around 1984. The overall rise has eaten up most of it. I will not be blindly bullish in the future. I will wait patiently for the daily level to fluctuate at a high level before making further plans. Many people will definitely say that this is the time It's not easy. It's bullish with the trend. It's true that the trend is so, but under the strong weekly line of 4 consecutive positives, there is no advantage in chasing higher.
gold sell 1984-1989 tp 1980-1975
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Gold 7/19- FED, USD and Gold - Trader's battleAll eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates.
While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes.
BUY GOLD zone 1962 - 1965
Stop Loss : 1957
My taget is: 1970$ - 1985$
Note: Installing TP SL fully wins the market and is safe in trading
XAUUSD:Short rallies today
Last week, it continued to oscillate in the 1950-1963 range. So far, the support around 1950 still exists, and the resistance is concentrated in the 1958-1963 range. In the case of a long-term sideways market without breaking, the probability of the market going down is relatively high. So the trade should be short rallies.
GDX could shoot as high as $40.00 in the next 30 or so daysGDX is forming a heads and shoulder pattern that potential shows the stock rising as high as $40.00. There are a few resistances that GSX will need to break through. I believe the first one is around 32.33 (Very close now), then between ($33.00 and $33.40) and finally around $36.40. What are your thoughts?
GOLD: What happened last week?The US financial markets had a half-day of operation on Monday and were closed on Tuesday due to the Independence Day holiday. As a result, there was limited trading activity at the start of the week. However, the price of GOLD managed to increase slightly on Monday thanks to the lower-than-anticipated ISM Manufacturing PMI report for June.
Inflation cools down, Fed may raise interest rates for the last In general, inflation data in June 2023 can help the Fed "breathe a sigh of relief". However, central bank officials often focus more on core inflation, which is still well above the Fed's 2% target.
As core inflation remains more than double the Fed's 2% target, traders believe the Fed will raise rates by 25 basis points at its meeting on July 25-26, 2023. However, they think the probability of the Fed raising one more time is quite low, about 25%, down from more than 33% before.
BUY GOLD zone 1943-1940
Stop Loss : 1935
Take Profit 1: 1945
Take Profit 2: 1950
Take Profit 3: 1960
Note: Installing TP SL fully wins the market and is safe in trading
GOLD: US PPI eyedThe US Dollar Index (DXY) has remained steady at around 100.50 after a five-day decline. The United States Consumer Price Index (CPI) has softened, reducing concerns about a potential recession. The US Producer Price Index (PPI) data will be closely monitored on Thursday.
Regarding interest rate guidance, Commerzbank economists noted that inflationary pressures in the US are decreasing. In June, consumer prices increased by only 0.2% from the previous month. The core rate, which is a significant measure of the underlying trend and excludes energy and food, also increased by only 0.2%. This is the smallest increase since February 2021. Although the Fed is expected to raise interest rates at the end of the month, the data supports the idea that this will be the final hike.
GOLD - Head and shoulders pattern is formedThe yellow metal retains support at $1,900 an ounce as a significantly weaker-than-expected nonfarm payrolls report dented the dollar and boosted hopes that the Federal Reserve near the end of the rate hike cycle.
However, Fed officials said the bank still needs to raise interest rates in the near term to combat overheating. Markets are broadly pricing in a Fed increase of at least 25 basis points by the end of July.
SELL XAUUSD zone 1936 - 1938 - Stoploss 1945 (scalp)
SELL XAUUSD zone 1948 - 1950 - Stoploss 1957
Note: Installing TP SL fully wins the market and is safe in trading
Notice when Gold Break Out from the price range 1930$ - 1932$ and close above this price range. This easily helps Gold reach its target of 1940$ - 1945$ - 1950$ in the short term.
When trading the breakout method, pay attention to place the stop loss at the nearest resistance area of $1924
Conversely, if the Triple Top is formed first, Gold will return to $1907 - $1905, This will help us form a long-term Buy strategy.
Today's GOLD - Range is narrowingGold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks.
This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845.
On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level.
Set up: BUY GOLD zone: $1919 - $1917 - SL 1910
SELL GOLD zone: $1930 - $1933 - SL 1938
Anglo-AshantiFollowing a promising rally in TVC:GOLD futures, gold miners benefited from the rally. However, JSE:ANG has given back all the rally gains. JSE:ANG is now trading below what was a potential support level, and it's trading below the 200 dMA. From this view, the stock is bearish, but fakeouts do happen.
Bollinger Band Mid-Range Ease and Gold's Suppressed PriceAs seasoned traders, we understand the importance of utilizing various technical indicators to make informed decisions. One such tool that has gained popularity among traders is the Bollinger Bands. These bands, developed by John Bollinger, provide valuable insights into market volatility and potential price movements.
In recent observations, we have noticed an interesting correlation between the mid-range of the Bollinger Bands and the 50-day Exponential Moving Average (EMA) when applied to gold price charts. The mid-range, often referred to as the moving average line, can offer valuable clues about potential price movements.
Our analysis suggests that when the mid-range of the Bollinger Bands eases towards the 50-day EMA, it often signals a potential reversal or change in trend. This convergence of indicators indicates a market shift, allowing traders to anticipate potential opportunities.
Additionally, you can further enhance your trading strategies by incorporating the lower target of the 50% Fibonacci retracement level into your analysis. Traders widely use Fibonacci retracement levels to identify potential support or resistance levels based on the golden ratio, a mathematical concept that often manifests in natural phenomena.
You can understand potential price movements in the gold market by combining the Bollinger Bands' mid-range ease with the lower target of the 50% Fibonacci retracement level. This powerful combination can help you make more informed decisions and seize profitable opportunities.
Now, here comes the call to action. As gold traders, it is crucial to stay vigilant and aware of any potential market manipulation or suppression that may impact gold prices. The suppressed price of gold, driven by various factors, can significantly influence trading decisions and opportunities.
I encourage you to delve deeper into gold price suppression, educate yourself on the underlying factors, and closely monitor any significant developments. By staying informed and proactive, you can position yourself advantageously and confidently navigate the market.
Remember, knowledge is power, and as gold traders, it is our responsibility to constantly educate ourselves and adapt to the ever-changing dynamics of the market.
Please do not hesitate to comment if you have any further questions or require additional information.
Gold trading recommendations today
Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short.
Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average and then directly turns downwards, and directly falls below the support of the short-term moving average! The current K-line remains below the moving average, and the short position is in a downward trend! Rebounds are short opportunities!
The current pressure is the reverse pressure position of yesterday's consolidation, and it is also the short-term moving average 1918 position! Relying on this pressure position within the day, the position is dry and bearish! After the big non-agricultural data, it is expected to further break the new low and continue to fall!
Trading straregy:
gold: sell@1918 tp1:1900 tp2:1890
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold trading recommendations today
Gold's current rebound is in place, and it will continue to fall in the future. 1930 will be directly short, bearish!
It can be seen from the gold 4-hour level that after this rebound hit the suppression of the long-term moving average, it encountered resistance and called back! Before the pressure of 1935 broke through, the short trend of gold remained unchanged! The market rose again yesterday, but failed to break through a new high, indicating that this rebound has ended!
The pressure of 1935 is short, and it can be directly short around 1930! The support below is the short-term moving average 1917 position. If this position falls directly below, it means that the short market continues! Take advantage of the trend and go short!
Trading straregy:
gold: sell@1930 tp1:1917 tp2:1910
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!