Friday Market Analysis and SignalsGold hit a high in the US market and then fell back, reaching a new historical high. The daily bullish trend structure is intact. This round of bullishness started with 2603 and has crossed the 2700 mark. As for when it will end, there is no peak signal yet! The Asian market continues to be bullish during the day!
Gold hit a new historical high yesterday under the stimulus of risk aversion. Gold has touched the 2700 line. There may be a short-term correction demand! Now is the time for risk. Don't go long easily. When the market is too high, it is often the time for institutions to make profits!
Gold started to rise from 2603 in the 4-hour period. Now it has experienced three waves of rising curves. The rise of gold is basically almost at the top. It may start to fall and adjust at any time. There is no need to continue to chase it now. Gold has been supported by risk aversion recently, but gold has been in a slow rise every time. Once the bullish sentiment subsides, gold may adjust in a waterfall manner.
Pay attention to the top-bottom transition position near 2685 and go long.
Goldminers
The fast trading strategy makes a big profit againDear friends, under the guidance of our rapid trading strategy, are you aligning with my recommendations? Many have successfully generated profits, and the bullish momentum remains robust. Following the buy-in range of 2702-2698 has proven fruitful, as the upward trend continues to perform well.
This highlights the advantages of a swift trading strategy. I will continue to share upcoming trading plans, so stay tuned for more updates!
OANDA:XAUUSD
Gold hits new high, but has not yet reached its peakIn the unilateral rise of the 4-hour chart of gold with the middle track of the Bollinger Band as the critical point of the bulls, this forced short-selling slow rise will continue before the high-rise falls back and loses the middle track. The correction indicator sets a new high. The short-term Asian and European sessions are still dominated by low-long intraday, and the US session combines the pattern to reverse after the high. The rise is a setback. The key to high-altitude low-long is the entry point. At present, the rising trend line and the support of the middle track overlap at 2670-2675. It is also the low point of the retracement last night. This position is today's defense point. The Asian session retreats to 2683-2680 and first defends 2672. The target is 2700-2705. After the high, combine the hourly chart pattern to close the bag in time.
From a technical perspective, the overall technical advantage of gold bulls in December is strong in the near future. The next upward price target for bulls is to make its closing price above the important resistance level of $2,750. The next near-term downside price objective for the bears is pushing futures prices below important technical support at the October low of $2,648.90. First resistance is seen at today's all-time high of $2,712.70 and then at $2,725.00. First support is seen at today's low of $2,688.20 and then at Wednesday's low of $2,674.90.
Gold Prices Surge: A Golden Opportunity for Investors
After a week of tug-of-war between bulls and bears, bullish forces have clearly outmatched bearish ones. Currently, after reaching a new high, gold prices have stabilized at the level of 2692.
The ongoing geopolitical tensions show a certain degree of persistence. As a highly sought-after safe-haven asset, the rise in gold prices is merely a matter of time.
After several hours of sideways consolidation, the gold market presents a new trading opportunity. Buying now is akin to picking up money; you just need to bend down.
Recommended buying levels for gold are between 2690 and 2685, with a take profit target above 2703 and a stop loss at 2675.
Investors interested in trading gold may find this information helpful.
Clear gold buying price
As mentioned yesterday, the upward trajectory of gold necessitates certain catalysts. Today, the influence of geopolitical factors has intensified, propelling gold to a peak of 2688. Concurrently, the latest U.S. initial jobless claims data was released, yielding a bearish impact that temporarily reduced gold prices to 2673, before a swift rebound brought them back to 2680.
With the two primary news items now available, it's evident that bullish sentiment significantly outweighs bearish pressure, with substantial upside potential awaiting a breakout. The sustained appreciation of the U.S. dollar amidst geopolitical tensions further underscores the dual role of both gold and the dollar as safe-haven assets. Thus, until the geopolitical landscape stabilizes, a low-position buying strategy for gold remains prudent.
Buy: 2670-2675
Sell: 2700
Profit margins should be managed according to individual risk tolerance.
Gold approaches historical highs, U.S. economic data becomes keyThe previous entity of the 4-hour cycle has been broken, and the gold price has been rising step by step, with new highs constantly, and it is necessary to take the previous high point in one round. The 4-hour operation is maintained above the moving average, and the trend is very healthy. In addition, from a structural point of view, the gold price first fell to the 2610 line, so the later stage is to break through the previous high, which is structurally a case of breaking without building.
The daily line is still under double top suppression. If it falls under pressure, the double top pattern will gradually show its power, and gold will slowly weaken. Of course, there are data today. If gold directly breaks through the historical high, then gold will continue to rise. If it breaks through the historical high, then the decline will follow the trend and go long. If it does not break the historical high, then gold will continue to be short at highs below 2685 in the short term
1. The morning rise continues to test the 2685 high point without breaking, forming a morning force.
2. The current retracement, the watershed yesterday morning low of 2667, is also the stop loss position for long orders
3. The trend of the morning power is very important in the European session. It has been emphasized before that the earlier the European session breaks through, the greater the upward momentum. In addition, the more times the top is tested, the greater the probability of breaking, so if it goes up, it will break the high.
At the same time, if this pattern continues to be long, we must pay attention to the European session. The price cannot go down the watershed. If it breaks, it will be volatile.
Therefore, with the help of retracement, continue to be long, break the watershed loss, the upper target is 2688-90, break the European session, and the US session will look at the 2700 mark
ThursdayGold has maintained a strong pattern recently. Although it is under short-term pressure at 2685 again, the overall high-level fluctuation does not meet the conditions of a double top. At present, we should continue to go long at a low price. Only if it falls below 2647, it is expected to form a double top structure of 2685. Pay attention to the support of 2668 during the day and go long around this position!
Gold almost set a new record high again. Gold fell under pressure. Today, gold is particularly critical. If it breaks through the new high, gold will rush to 2700. If it falls under pressure again, gold will start a large correction. The victory or defeat will be today.
The daily gold line is still suppressed by the high point. If it falls under pressure, the double top pattern will gradually show its power, and gold will slowly weaken. Of course, there are news data today. If gold directly breaks through the historical high, then gold will continue to rise. If it breaks through the historical high, then wait for the decline to follow up and go long!
Today, give priority to going long near 2668, and then there may be a correction at the 2700 integer mark, so you can try to go short
Navigating Market Volatility: Strategies for Gold Trading
In the New York market, profits from short positions near the recent high of $2,680 have been realized on two occasions. Similarly, profits from low buy orders have been observed. Currently, we find ourselves near the $2,675 level, where I have paused trading. Upon market opening, I anticipate a certain degree of downward movement, providing opportunities for gold price recovery. As mentioned previously, breaking through the recent highs requires greater momentum. Until this momentum materializes, I suggest maintaining a predominantly short position. Key factors to monitor include geopolitical developments and the release of initial jobless claims data in the U.S. this week, as well as any potential black swan events.
Sell: $2,680 - $2,685
Buy: $2,660 - $2,665
Profit margins should be managed at your discretion.
CAPITALCOM:GOLD OANDA:XAUUSD
Gold : Key Events to Watch for Breakthrough OpportunitiesGold prices are currently facing significant upward resistance, and breaking through historical highs requires specific market catalysts. Major economic data releases, shifts in geopolitical dynamics, and the upcoming U.S. weekly jobless claims report are all critical factors that could impact gold’s trajectory. Additionally, a substantial appreciation of the U.S. dollar may exert further pressure on gold prices.
Therefore, in the short term, it is advisable to adopt a strategy focused on selling at high levels to achieve optimal profit targets.
Sell Range: 2685-2680
Buy Range: 2660-2665
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Short-term gold peaks and continues to pull back, look at 2660Gold, washing up, the daily line turned positive and broke the high, and continued to rise. But in terms of trend, it did not rise directly, but bottomed out and rebounded, and continued to wash out.
On the one hand, the price broke the low point of 2640 in the previous two days, and it was weak on the surface, but the European market rose strongly and returned to the opening of the morning. And the long orders were defended at this position price, and they had to be swept out.
On the other hand, if you look at the breakout and fall, yesterday's rebound empty basically fell into the pit.
Technical points:
1. It is not extremely strong, because it is bottoming out and rising, washing up. We expect it to be extremely strong, with a cycle in the morning, the European market rose vigorously, and the US market broke the high, but it bottomed out to the watershed in the morning.
2. The rising cycle at 10 o'clock in the morning has not been broken. It continued this morning.
3. The European market has a V-shaped reversal. If the European market reverses, the US market will be bullish.
And yesterday there was also a position to follow: the US market rose the day before, and just at 8 o'clock it retracted the increase of 618. The same was true for the US market yesterday, just at 8 o'clock it retracted the intraday increase of 618.
4. The US market did not rise directly, but pulled back and forth twice, up and down, and continued to attack and close, still testing the bulls, which is a shock wash, not extremely strong.
Intraday operation analysis:
1. The 10-point rising cycle rhythm still appeared in the Asian market.
2. The watershed 2658 line.
3. The more times the resistance level is tested during the rise, the weaker the resistance level. The higher the probability of breaking the high.
Continue to pay attention to two rhythms:,
The earlier the European market breaks through, the greater the probability of the US market breaking the high. The European market rises, pay attention to the cycle of these two days, the position and time point of the US market.
Short-Term Rebound and Conservative Short StrategyAfter shorting at 2668 yesterday, it dropped about 7-9 points to 2659. Then it started to consolidate sideways, which is consistent with my speculation in the short term. However, after the overnight gold price was affected by the news that "Israel's attack plan on Iran is ready", it continued to rise to 2683, close to the historical high. But the detailed events have not been updated. So will the war break out again?
At present, the gold price is at 2678, and I continue to short. At present, there is still buying pressure near 2685. So the gold price will continue to be under pressure and fall in the short term. Of course, if the market releases "smoke bombs" again. I think the gold price will fall again and then rebound to test the upper pressure position.
Short the gold price first, and then go long.
sell:2683-2679
buy:2660-2665
Waiting for the arrival of the New York market.
Gold fluctuates at a high level on 10.16, waiting for a pullbackGold has fluctuated at a high level in the past two days, and there are many resistances above. Don't chase long at high levels for the time being. However, the recent risk aversion sentiment has continued to support the rise of gold. Gold should wait patiently for a decline to go long. Pay attention to the resistance above 2680.
The 1-hour chart of gold is now fluctuating at a high level. Gold fell to 2638 yesterday to bottom out and rebounded. In the morning, it was long on dips above 2638, and it can continue to go long when it falls back to around 2640; gold is not rising directly unilaterally now. If you go long, you must wait patiently for a decline. Don't chase long easily at high levels, otherwise you will be at a loss again after a pullback. Continue to pay attention to the historical high of 2685 resistance above. You can go short in the short term. At this strength, gold does not have the momentum to set a new high in one fell swoop.
Gold longs and shorts are in a state of anxiety again; gold does not break highs, don't chase long easily, wait patiently for a decline opportunity, and follow up if it breaks through a new high directly.
Operation idea:
SELL: 2678 Stop loss: 2685 Target 2655--50
BUY: 2640, stop loss 2630, target 2660-2670;
Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Short-term strategy. Short around 2670 to around 2655The 8th day when the signal continues to make accurate profits
Trading strategy for the New York time period on October 15
There is upward pressure on the trend. The news is good for the US dollar.
Short-term trading can make money.
Let's witness the market's decline together.
Gold washes the market, peaks and buys the bottomIn the morning, the price of gold did not continue the rise of last Friday. Instead, it opened lower and fell rapidly, creating the illusion of short-term adjustment, which continued until it stopped falling near $2,643.
After that, the strength of the European session also created the illusion of breaking through the new high. The violent rise directly hit the high of last Friday, $2,660, and then traders began to turn bullish, and even waited for a pullback to go long.
Today, from the perspective of the market, it continues to fluctuate. Today's support is no longer $2,640-36, but the pressure point of last night's high of 2,653 in the early morning. The high point moved down and the low point broke. The large box shock has not ended. It is estimated that it will take a few days. Only when the position of 2,653 is re-established, will we consider intervening in the long position, otherwise the weak shock will continue today.
At present, the high pressure of gold is at the position of 2672 US dollars. The first support point below is at the previous rising position of 2636/37 US dollars, and the second is the top and bottom conversion position of 2624/22 US dollars. It is too early to talk about gold peaking now, but the high box has not ended. Considering the long-term grabbing area is still within the range of 2630/00. The higher the safety margin, the better the mentality of holding positions.
Therefore, today gold will continue to fluctuate downward based on the 2668 long-short dividing point. If it can reach below 2624/22, consider intervening more. Yesterday's continuous decline has already induced today's pullback to long, especially relying on the support position of 2640-36. Break through 2653 and then consider the pullback. For the time being, the callback will remain oscillating downward.
Short the gold price first. Then buy the gold priceJudging from the trend. There is some intention to fall in the market. But the short-selling force is not strong. We can take the opportunity to do some swing trading. The support strength of the position of 2646 is very low. I think it is only a matter of time before it falls to 2633-2637. Because the support there will be stronger and it is a good time to go long. So if you don’t know how to trade now, you can refer to a transaction in the quick trading strategy.
Simple sharing. Investors who like it remember to keep paying attention. CAPITALCOM:GOLD OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1!
Tuesday Market Analysis and SignalsGold closed yesterday after a sharp rise and then fell back, with a slight decline on the daily line. A wide range of fluctuations formed around the 2640/2670 range. From the current market, the price is running above the short-term MA5-10, and the moving average is close. This has not yet formed an upward one-sided trend. The long and short positions will have to seesaw repeatedly. Today's trading will continue to be arranged with a short-term oscillation idea.
Gold is now fluctuating at a high level, but gold bulls are still strong at a high level. The decline of gold in the Asian session is to continue to give opportunities for long positions; gold is directly long near 2640 in the Asian session!
The 1-hour moving average of gold is still a golden cross upward bullish arrangement, and gold bulls still have strength to move upward. Gold has pulled back from a high level twice and has adhered to the support above 2640. It continues to buy on dips at 2640 in the Asian session; but what needs to be noted today is that if gold is sideways for a long time and cannot rise, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise after the European session, it is necessary to give priority to the possibility of shorting.
Today we are now in the 2460~2660 range, selling high and buying low
Technical analysis of gold 10.15 short-term operationOn October 15, in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $2,645.42 per ounce. Gold prices rose and fell on Monday. Although the geopolitical situation provided safe-haven buying support for gold earlier, gold prices once rose to a one-week high of $2,666.70 per ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. As expected, gold rose directly yesterday, reaching a high of 2,666. However, it soon fell back, and the daily line closed with an inverted hammer line.
The 1-hour moving average of gold is still a bullish arrangement with a golden cross upward. Gold bulls still have strength to move upward. Gold has held on to the support above 2,643 twice after a high-level correction. It continues to buy on dips above 2,643 in the Asian session; but what needs to be noted today is that if gold fails to rise for a long time, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise, the possibility of reverse shorting cannot be ruled out.
BUY: 2638 Target 2655--60
SELL: 2660 Target: 2645
10.15 Gold Short-term Operation AnalysisGold fell for two weeks without breaking the 2600 area. On Friday, it bottomed out at 2602 and continued to rise. It is currently running at 2646. It did not continue the rise on Friday in the morning. It opened lower and fell by $10. Obviously, it is cold at high places. The continuous buying momentum of gold is not strong. Those who are familiar with the market know that if gold breaks through 2635, it will return to the 2628 to 2675 area to fluctuate. Just pay attention to the pressure of 2665 in the middle. The low opening and low movement in the morning are more due to the risk aversion on Friday. The news on the weekend is calm and there is no risk aversion news. Obviously, gold profit-taking is also a technical need. Since the high has fallen back by nearly $15, it is aggressive to participate in long-term entry, and it is prudent to participate in the 2620 loss in the lower track 2630 to 2625. Now the pressure is concentrated in the 2658 to 2665 area. We insist on not participating in any short-selling operations above 2665, unless the high is adjusted by 15 to 20 US dollars, we can choose to enter the market for short-term long positions. There is no major news today. The expected area is to fluctuate back and forth and wash the market mainly. The area is expected to be 2628 to 2675 for high selling and low buying.
Should we continue to short gold prices now?This week's operation is very simple. You can make money by buying at a low position. Review the trend of last week. After the whole trend had a significant negative impact, the price of gold was supported near the bottom of 2600. Then, with the promotion of geopolitics, the price of gold gradually rose, forming a force where bulls were stronger than bears. The sudden reversal of the market made some investors very panic. And I am here to tell you that this is a huge opportunity in trading. Don't panic.
After the market opened on Monday, it first had an expected correction. It was consistent with my expectations. But it fell by about 7 points than I expected. At that time, the expected position was 2650. Those who have read the articles I shared on Friday or the weekend know that I told everyone in advance. Then I notified everyone that the trend of today's opening would rise sharply. Indeed, it rose sharply after the correction. It was only 3 points away from the small target position of 2670. If you are in the experience group, you can see my strategy plan. Trade according to the buying timing of the fast trading strategy. You can get profits from three orders. They were bought at 2656.2650.2645 respectively. Then no matter where it rises to, the profit is very good.
So is it the time to short now? Indeed, for those who hold sell orders, this is a very entangled place. If you close the order, you are worried that the market will fall sharply and miss the decline. If you don’t close the order, you are worried that the market will continue to rise and the loss will expand. If you think this way, I suggest you leave me a message. I will tell you a detailed solution.
If you don’t hold a short order, then my suggestion is not to rush to sell the gold price. Wait and see. The market will not continue to rise. But it will not continue to fall. Trading is to find a good time in the right trend to buy low and sell high to earn the difference. Please don't be opportunistic. If you want to trade, but don’t know how to trade, leave me a message.
COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
I have always emphasized that the current trading opportunities are huge. So if you want to make money from the trading market, remember to seize this opportunity. Instead of blindly trading, let your account go from 1 million to 500,000. Then to 50,000. Then to a few thousand.
If you continue to follow me for three days, you will know the current trend clearly. If you continue to follow me for a week, if you become a member of the fast trading strategy, then the profit will be qualitatively improved, because the profit of the previous week is visible and available to every member.
Stay tuned. I am George. I hope everything goes well for everyone in trading.
Monday Market Analysis and SignalsGold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines!
Gold continued to rise on Friday, and gold is strongly bullish, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since gold bulls are temporarily stronger, let's continue to do long positions.
The 1-hour moving average of gold crossed upward as expected, and gold bulls still have the momentum to rise. Gold fell back to 2636 in the Asian session, and stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Gold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines!
Gold continued to rise on Friday, and gold is strong in the bulls, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since the gold bulls are temporarily stronger, we will continue to go long.
The gold 1-hour moving average is as expected, and the moving average crosses upward. The gold bulls still have the momentum to rise. The gold Asian session fell back to 2636 directly, and it stopped falling after stepping back to the trading concentration area of 2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above.
Sell high and buy low in the 2636~2660 range.
Those who short gold prices must watch! Be alert!
The first stage target of gold prices next week is 2670. I have already reminded you in advance on Friday this week. The gold price market is expected to continue to rise after the correction to around 2650. It is suitable to buy at low prices when operating. If there is a leading breaking news, this process will be accelerated. This conclusion was verified over the weekend. Next week, it will be directly reflected in the surge in the gold price market.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
This is undoubtedly bad news for those who short gold prices. Gold prices will accelerate in advance next week. If you are a short-selling investor. Remember to be alert to the situation after the market opens on Monday. Maybe it is a good decision to stop losses in time.
I am George, an industry insider who has been paying attention to the financial market for more than ten years and maintaining active trading. I will use my professional knowledge to lead everyone to compound interest value-added. If you want to know more, remember to continue to pay attention. Tip: There are many trading opportunities at present, remember not to miss the opportunity to make money now! Others are greedy and I am fearful. Others are fearful but I am greedy.