GOLD - Short active ✅Hello traders!
‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for shorts from premium zone. I expect bearish price action from here as we can see that price filled perfectly the imbalance and rejected from bearish order block.
Fundamental analysis: Upcoming week on Thursday and Friday we have news on USD. Pay attention to the results in order to validate the analysis.
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Goldminers
GOLD: Long-term developments!It remains to be seen whether the USD bulls can maintain their dominant position or take some profits off the table before the release of the US Core PCE Price Index - the Fed's preferred measure of inflation. Important data is due at the end of the North American session and will impact expectations for future acceleration. This, in turn, will drive demand for USD and provide a new directional impetus for Gold prices, which seem poised to end the quarter in negative territory for the first time since September 2022.
GDX heading down... It has been more than 6 months since I looked at GDX proper. Yes, I might have missed the last Gold/GDX rally, but I think that short run is about over...
Looking at the weekly chart for GDX, a decisive lowest close since March 2023 is representative of a end of a bull trend, if it is not already obvious enough. The near marubozu type down candle came after a quick dip and a lower high, to get a close near the lower low... which just prevails the downward momentum.
Few other notes...
1. a trendline support breakdown this coming week would accentuate the downside bias;
2. the MACD and VolDiv have crossed down and looks determined to crossunder the zero line;
3. any further breakdown bring it into the previous consolidation range. And a break in into the range suggest an extrusion on the other (lower) side of the range;
4. Noted that the USD appear to be gaining strength and the equity markets are about ripe for a retracement. Furthermore, the Gold analysis point to a further slide in Gold prices. Taken together, these 3 critical pillars for GDX are impacted, whcih gives little for the bullish case on GDX.
Down it goes... heads up!
$GOLD: Potential Bullish BAMM on A High Cash Flowing Gold MinerThis gold miner has a lot of cash flow and actually brings in some income, which are two traits that are quite rare to see in gold miner stocks. Though it does trade at a very high P/E, it still appears to be a financial rarity within the sector, and therefore the Barrick Gold Corporation has caught my attention, and I would expect that this one will be among the top performing miner stocks if the price of actual gold were to rise.
As for the technicals, we have some monthly Bullish Divergence at the 100-Month Moving Average, and we are going to be looking to break above a trend line that could later bring us up to the 0.786-0.886 retraces to complete a Gartley.
Gold trading recommendations today
The current decline of gold continues, the rebound is not the previous consolidation pressure in 1940, and 1937 continues to be short, bearish!
The 1-hour level of gold has already fallen below the previous support of the broader market, but this time the breakout is different from the previous two times. The previous two breakouts were followed by a rapid pull-up of the Dayang line and returned to the inside of the range! Although the Dayang line also pulled up yesterday, it did not return to the range, so it was a rebound after breaking the position, which belongs to the confirmation market of breaking the position!
The decline has been established, and the pressure of the high point of the rebound at 1937 is the short point to continue to go short! Let's pay attention to whether 1920 has fallen below. Today, Thursday, is it black?
Trading straregy:
gold: sell@1937 tp1:1920 tp2:1900
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
The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again!
After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band!
Trading straregy:
gold: sell@1960-1955 tp1:1950 tp2:1940
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold Today - Scalping in a downtrendThe price of gold is currently hovering around the $1932 mark, showing a downward trend over the past three days. The actions taken by the US Federal Reserve (Fed) caused some volatility today but were unable to reverse the downward trend of XAU/USD due to the hawkish trend.
It's worth noting that if the price drops below $1,932, it could quickly reach the 50% Fibonacci retracement level of the XAU/USD rally from November 2022, which is around the $1,900 mark.
However, there is an ascending support line around $1,895 that could pose a challenge to the bears in the gold market.
As mentioned yesterday, I implemented a selling strategy at $1955 and took profits at $1930. Currently, I have a buy order at $1930 in hopes of reaching $1945 and $1955.
Given this range, it might be a good idea to continue setting up a sell order for gold in order to profit around $1915 and potentially even $1900 in the near future.
Gold trading recommendations today
Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short.
The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour.
Trading straregy:
gold: sell@1959 tp1:1949 tp2:1944
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Today GOLD - Volatility In Big FrameGold prices saw a decline on Monday after hitting a five-day high of $1,973 on Friday.
However, prices remained within last week's range, as investors turned cautious ahead of the US Consumer Price Index (CPI) and policy announcements of the United States Federal Reserve.
The bearish 89-day Moving Average (EMA) has been causing rejection, with the 14-day Relative Strength Index (RSI) below the midline, indicating a bearish bias in the near term.
However, a daily close above the 89 EMA could eliminate the possibility of a drop and trigger a new uptrend towards Friday's high of $1,973, with a challenge to the June 2 high of $1,983. Additionally, Gold buyers will aim to reclaim the resistance at $1990.
Gold advice for next week
Gold fluctuated back and forth this week, and next week will be long and then short
This week, gold has been ups and downs for a few days, and then the backhand empty rhythm is completely correct. Gold did not fall rapidly again on Friday. Gold began to have support at the 1956 line, and the shock ended. I believe that for many friends, this period of time is either on the road of chasing ups and downs, or going back and forth on a roller coaster, which is really uncomfortable. If we don’t fall in love with the past, then we should focus on the next market. How should we operate next week?
The triple top structure of the golden weekly line is still there, so it is still necessary to short rallies in the big cycle, but now gold is more than 100 US dollars away from the top, so it is normal to have a wave of rebound.
Trading strategy for next week:
gold: sell@1967 tp1:1957 tp2:1952
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
The current price of gold in 1964 is directly empty!
At present, the gold daily cycle and the one-hour cycle are bearish, and the key watershed position for long and short in the day is still the 1970 line. Gold continues to fluctuate and adjust at high levels. After the current price has dropped below 1963.5, the short-term top pattern below 1970 has been formed. It can be short-term in operation, and it is bearish to hold at 1940.
Trading straregy:
gold: sell@1964 tp1:1954 tp2:1944
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
Gold continues to be bearish
Gold tested the 1940 support downwards yesterday, and after judging the overall downtrend, any rebound is an opportunity to short, so our trading strategy today continues to choose to short high
Gold Trading Strategies:
gold:sell@1955-1960 tp1945-1940
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
A Profitable Gold Trading Signal
There is no completely consistent market, but there are always similar fluctuations. This is the gold 1H chart. In the picture, I marked 4 M patterns. No. 3 is similar to No. 1, and No. 4 will be similar to No. 2.
In order to form the No. 4 pattern, tomorrow's data needs to be beneficial to the bulls. Only in this way can gold have a chance to return to around 2000 again.
If tomorrow's data is negative for gold, 1928-1886 is the target!
Several important intervals at present: 1991-2003, 1981-1985, 1963-1971, 1937-1928, 1900-1996
From the shape, today's transaction is more conducive to long, resistance 1985-1991.
GOLD: Continuation of downtrend!When the dust settles, the Fed is set to continue raising rates
If the Federal Reserve meeting were held today, the current uncertainty surrounding banks would prompt them to keep rates unchanged. However, in the ever-changing world of markets, a lot can happen in just one week. If the upcoming weekend remains calm and without any need to rescue banks, there is a strong possibility of a 25 basis points rate hike. The Federal Reserve typically continues to increase rates until they reach a breaking point. Even if the only bank to suffer is SVB, high inflation levels may still require further rate hikes. This scenario would result in a stronger US Dollar, but eventually lead to a decline in the stock market once the initial relief rally following no new bank failures fades away.
Gold trading recommendations today
The current price of gold is directly short in 1980, and it is short today.
Anything is possible this Friday. The market is to break everyone's cognition and benefit a small number of people.
The neckline was tested yesterday, the support was effective, and it rebounded strongly. Now the price of gold has once again come to a new pressure level, which is the suppression of the price of gold by the middle rail of the daily line.
From the perspective of the daily cycle, there is an M-head structure here. When gold falls below the neckline, it pulls back to the neckline again, and then starts a new plunge mode, falling below the previous low, and the market is like this.
Use the structure to make orders, and focus on analyzing the market on whether the mid-range of the daily line can be broken through? Instead of analyzing what structure in advance. I judge that it is the top structure now, and then use technology to judge that the middle track of the daily line can suppress the price of gold, then use the inverted pyramid method to increase positions to make a big profit.
Trading straregy:
gold: sell@1980 tp1:1970 tp2:1965
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 continues to go short
Although gold rose again, but did not break through the pressure position of 1985, the rebound was blocked, short-term there is a pullback demand, it seems that the top of gold has formed, relying on the pressure of 1985 to short bearish, below the support 1960 line!
Personal trading strategies
gold:sell@1982-1985 tp1973-1970
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
GOLD with NF: Economy and War!The economy is showing signs of improvement, with the USD still on the rise. However, tensions of war are on the increase. If the conflict intensifies, Gold is likely to see a surge in demand due to its traditional role as a safe haven for investors. This could lead to price conflicts and a time of heightened market volatility. Experts predict a decline in gold prices before the economy stabilizes, but the ongoing war escalation could see it continue to rise in the long term.
It is advisable to refrain from trading when there is no promising entry point available. Instead, consider purchasing at the support level of 1965 and selling at the resistance level of 1992 , which are both robust areas. Technical analysis confirms the existence of these support ranges and highlights favorable entry points for traders.
XAUUSD:Ideas and suggestions
Due to the market's broad optimism about the US debt ceiling agreement, coupled with the Fed's interest rate hike expectations being digested, the US dollar index first rose and then fell, if the debt ceiling crisis completely landed, it will release a signal to the market, and the dollar's safe-haven function may decline. However, in the short and medium term, if the US government issues US bonds, it may cause US dollar liquidity to close and benefit the US dollar index. Key data for investors to watch on May 31: Chicago PMI for May, JOLTs job vacancies for April in the United States. Major events to watch include RBA President Lowe attending a parliamentary hearing; ECB President Christine Lagarde spoke; The U.S. House of Representatives votes on the debt ceiling deal.
After Tuesday's first fall and then rise, the market has changed, the pattern of the disk has also changed, and Wednesday will remodel and analyze the current market. As mentioned earlier, the daily line was a weak performance from last week to Monday, and suppressed under the 5, 10-day unilateral moving average slow down, Bollinger lower band has opened, very in line with the trend of the market bearish down, the next wave to see 1920, 1900 can even be bearish to 1810, but everything changed because of Tuesday's rally rising, Tuesday's rebound space is currently broken 5-day moving average, close near the 10-day moving average, the daily line also closed the sun, although Bollinger did not open the mouth, but this move is in line with the state of the bulls' counteroffensive, On Wednesday and Thursday, there may be a double apex of the 1985 mid-band in the middle of the Bollinger Band, so gold has to return to a volatile strength. Since determining that today's strong, trading should also remain low, but the performance in the H4 cycle is not enough to directly bullish or bullish the possibility, after all, now the H4 cycle Bollinger is also closed, the upper 60-day moving average suppression is strong, this pattern can not be directly broken, so, Wednesday even bullish gold can not chase up, or look at unilateral rise. It can be seen that gold in the first wave of Tuesday after the big rise, the support point of the fall is in 1950, here has formed a strong support, then, intraday to 1950 as the support bullish, strong development after the high of the hourly cycle 1968, break and then look at the daily high of 1985.
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GOLD: What NEXT? Here we are looking at GOLD on the Weekly TF…
As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern.
If GOLD can consolidate and build up the power to break through this strong resistance, it will enter into price discovery, and begin a run to new highs…
I will continue to monitor this structure, and will update you when I see relevant updates in the chart…
Cheers!
GOLD: The influence of USDUS Dollar eases from recent peaks near 104.40
If the Federal Reserve meeting were to take place today, it is likely that the interest rates would remain unchanged due to the current uncertainty surrounding banks. However, the markets can change significantly within a week. If the upcoming weekend remains peaceful with no urgent need to rescue any banks, there is a high likelihood of a 25 basis points increase in the rates. The Federal Reserve continues to hike rates until it hits a roadblock. In case that obstacle is only Silicon Valley Bank (SVB), the persistently high inflation rates may lead to further hikes. This, in turn, would strengthen the US Dollar and eventually result in a decline in stocks once the initial relief rally wears off due to a lack of new bank failures.