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Gold short-term operation strategyThe four-hour lifeline, the hourly double-line upper track, the acceleration starting point, the top and bottom conversion position, and the position along the channel line are superimposed at 2584-2590, which is used as a support area for sweeping. The price squats and steps back to determine the support, or look at the upward movement The Asian session breaks the high, the European session breaks the low, and the sprint action needs to be handed over to the US session Pay attention to 2612-2610 in the European session, pay attention to 2622 upwards, and then look at 2630-2632
TVC:GOLDLong
by David_strategy
9.23 Gold Short-term Operation Analysis StrategyGold's daily and weekly lines are both up, setting new highs. Gold once again stood firmly on the 2600 line. The daily and weekly lines closed directly with big positive lines, with basically no leads. Judging from the current trend, gold will continue to rise in the long run, and the technical forms are undoubtedly strong. There are currently a lot of short-term supports below, 2610-2600 in the short term, and the upper short-term suppression is at 2635. No one can predict where the final high point will be. As gold repeatedly breaks through new highs and madly refreshes historical highs, new highs also hide the risk of falling back. Intraday operation strategy: Short at 2635, defend at 2641, target 2620-2600 Buy at 2605, defend at 2600, target 2620-2630
TVC:GOLDLong
by David_strategy
3
XAUUSD: Analysis and Strategy for Today 19/9Gold technical analysis Daily resistance 2600, support below 2500 Four-hour resistance 2600, support below 2566-2530 Gold operation suggestions: Yesterday, the Federal Reserve unexpectedly cut interest rates by 50 basis points and ushered in a high-level breakthrough of the 2600 mark, which was suppressed and fell back, and then fell and bottomed out. The overall price was blocked at the 2600 mark. Today, the decline was recovered but it did not break through 2600. Gold has generated periodic pressure above, and it may also form a large correction. From the current trend of gold, the upper pressure of the daily four-hour level is at the 2600 integer mark, and the lower support of the daily line is 2500, near 2530 for four hours, and near 2566 for the hourly level. Today, the NY market operation strategy is to buy on dips, and observe whether 2600 can stand firm above. BUY:2566near SL:2561 BUY:2530near SL:2526 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold price trend on FridayGold fluctuated at a high level on Friday and is currently trading around 2597. Gold prices rose more than 1% on Thursday, reaching an intraday high of 2594, approaching the historical high set on Wednesday. Although the performance of U.S. initial jobless claims was good, which once put pressure on gold prices during the session, the Federal Reserve launched a monetary easing cycle, which still attracted bargain-hunting buying to support gold prices, and data showed that the U.S. real estate market was still struggling; in addition, the escalation of the conflict between Israel and Lebanon attracted safe-haven funds to support gold. The U.S. dollar fell in volatile trading on Thursday, providing support for gold prices. The U.S. dollar index, which measures the exchange rate of the U.S. dollar against a basket of six currencies, fell 0.38% to 100.64 on Thursday after reversing the early gains; the market struggled to digest the Federal Reserve's sharp 50 basis point interest rate cut and the shift to an accommodative monetary policy stance. If you combine geopolitical risks with our current deficits, coupled with a low-yield environment and a weaker U.S. dollar, the combination of all these factors is the reason for the sharp rise in gold. It should be noted that data showed that the number of initial jobless claims in the United States last week fell to the lowest level in four months, and the number of people continuing to receive unemployment benefits fell to the level since early June, suggesting that employment growth in September was solid and confirming that the economy continued to expand in the third quarter. This may limit the upside of gold prices. Investors need to pay attention to the interest rate decision of the Bank of Japan on this trading day, pay attention to news related to the geopolitical situation and speeches of Federal Reserve officials. Technical side, gold has experienced a roller coaster ride and then rose sharply on Thursday, with prices rushing back above 2590. The daily line pattern is quite ugly, forming a red and blue alternation. The daily chart ended with a strong positive, and the price once again stood above the MA7/10 daily moving average at 2574/55. The price stood on the middle of the Bollinger band again and was in the current upper track channel. The RSI indicator was adjusted above the middle axis. Considering the large amplitude of the adjustment range, Friday's trading reference 2570/2600 intraday shock layout Asian trading strategy: 2570-2573 long, stop loss 2562, target 2590-2600; 2596-2600 short, stop loss 2609, target 2580-2570;
OANDA:XAUUSDLong
by Jun-goldFX
9.20 gold short-term operation technical analysis Gold reversed in a deep V yesterday. Gold fell back to support and then rose again. It seems that gold bulls still have the momentum to continue to rise for the time being. Go long first when gold falls back in the early trading. Gold's 30-minute moving average entered the golden cross pattern. Gold rose after falling yesterday. Gold bulls once again accumulated momentum to rise. It is still expected to continue to challenge new highs. Gold fell to 2569 last night and then rose directly. Gold is currently high. After the Fed's interest rate decision, it adjusted deeply. Gold rose again. After the adjustment, gold fell back to support and continued to rise. There was no further decline, indicating that it is still in the stage of bull accumulation. Gold is expected to continue to rise; after breaking through the new high, it will accelerate. Today's operation strategy 2595 short stop loss 2600. Target 2580-2570 2572 long, stop loss 2562, target 2590-2600;
TVC:GOLD
by David_strategy
1
Analysis of gold price trend on WednesdayGold is now priced around 2570. Gold prices fell slightly from their all-time highs in the previous trading day as the U.S. retail sales monthly rate in August was stronger than market expectations, the dollar and U.S. Treasury yields rebounded, and some traders took profits on long orders in preparation for the Fed's possible rate cut decision this week. The unexpected growth in U.S. retail sales in August, with the decline in auto dealer sales overshadowed by strong online shopping, showed that the U.S. economy remained solid for most of the third quarter, which put pressure on safe-haven gold. The previously released retail sales data was better than expected, which seemed to support the Fed's less aggressive stance. It is widely expected that the Fed will announce its first rate cut in more than four years. The last time the Fed cut interest rates was in March 2020 during the COVID-19 pandemic. It should be reminded that the market has partially digested the Fed's expectation of a 50 basis point rate cut on Wednesday, so whether it is a 25 basis point or 50 basis point cut, investors need to beware of the emergence of a "boot landing" market, when a large number of long orders may take the opportunity to take profits, thereby dragging down the price of gold. Similar market conditions have occurred many times in history: before the Fed cut interest rates, gold prices continued to rise due to the expectation of interest rate cuts, but after the Fed actually cut interest rates, gold prices fluctuated and weakened. Technically, gold has not changed much, and it still fluctuates widely. The daily chart is adjusted at a high level, and the indicators are repaired. MA10/7/5 day moving averages still open upward. The short-term four-hour chart and hourly chart RSI indicators have been overbought for a long time and then returned to the central axis for repair and adjustment. The four-hour Bollinger Bands closed, and the price was consolidated around the middle track. Gold bottomed out and rebounded, and the intraday trading idea is to sell high and buy low. Please do not trade when the news is released! Trading strategy: 2560-2562 long, stop loss 2551, target 2580-2590; 2585-2587 short, stop loss 2596, target 2560-2570;
OANDA:XAUUSD
by Jun-goldFX
8
Fed Rate: How to Trade Gold Amidst Market Uncertainty? The excitement is building as the Federal Reserve is about to announce its rate decision—whether it's a 25 or 50 basis point cut. Will gold reach new highs or begin a downward trend? Let’s wait and see. From a personal perspective, I'm not particularly concerned about the impact on trading. Whether the market moves up or down, it will eventually return to the current price levels. Especially after a surge, there’s no need to worry too much. For those trading today, do not set stop losses on short positions. If gold rises, simply add to your position or hedge by opening long trades. The 2600 level is a critical resistance point, and even if it breaks through due to the announcement, it won’t hold for long without a retracement. At that point, simply close your long positions and add more short positions. This trading strategy should be helpful for those looking to navigate the volatility. Feel free to ask any questions or leave comments!
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
9.19 Gold Short-term Operation StrategyThe Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction? On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs , if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
TVC:GOLD
by David_strategy
1
9.18 Technical Analysis of Gold Short-term OperationsToday, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all. Yesterday, the 2600 line was not kicked off, but fell back with a big negative. Technical points: (1) The European session bottomed out and rebounded, and the price continued to return to Monday's low, which broke our expectation of a strong and non-retracement. (2) The European session continued to retreat to 2386, but still did not break the high. Yesterday, the focus was on the European session rising. If the European session fell, the market would turn to volatility. (3) Before the US session, the intraday low continued to be broken, and the hourly line was negative, so the US session must be expected to fluctuate. The European session broke the bottom for the second time, and the US session pulled back to short. It is expected that the US session will continue to break the bottom. After all, the price is good, and everyone is afraid that the long orders will be stuck at the top of the mountain, so they are willing to go short. Operation strategy: 1. Before the meeting, continue to arrange according to the technical pattern. Short-term short position at 2575 can be shorted within the day, with a loss of 85, and look at 2555-50. 2. If it cannot be reached before the meeting, the price will remain the same. The Fed meeting will be closed for a break. If it can break the high before the meeting, hold it and look for a new high.
TVC:GOLDShort
by David_strategy
9.18 Gold Short-term Operation StrategyGold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall. Gold broke down after repeated fluctuations at a high level in 1 hour. The top structure is obvious. The gold 1 hour moving average also began to turn around. The gold 1 hour moving average formed a dead cross, so there is more room for gold to fall and adjust. Gold rebounded last night but did not break through the resistance of 2582. In the morning, it continued to go short at highs under the resistance of 2582. Strategy: SELL: 2575 stop loss; 2582
TVC:GOLDShort
by David_strategy
9.17 Technical Analysis of Gold Short-term OperationsGold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same time, even if it retreats, it is difficult to have a continuous decline, so the European session continues to see a rebound. Recently, the market has paid close attention to the Fed's interest rate decision on Wednesday, and there are different views on how much to reduce. Before the announcement, the market trend is more cautious, which means that it is difficult to have a large operating space. Today's analysis 1. At present, in the process of consolidation at a high level, the ups and downs are high, and the space is difficult to open 2. After all, the overall trend is bullish, and there is still a demand for rebound after the correction 3. After the Asian market went sideways, it stepped back to the previous starting point of 2574.50, and then there was no strong pullback in the European session. Two consecutive positives tested the high point of the morning pullback near 2586.30 and did not continue to rise. Then the hourly line turned negative and continued to pull back. For a strong pattern, there is some lack of momentum, and the shock component has increased. Continue to follow the trend with long positions. In the previous trading day, we relied on 2578 to look up to 2590. In the morning, we continued to look up around 2576/1, and looked up to 2587, but failed to reach 2600. The dream of 2600 has not yet been realized! From the market point of view, the low point of the afternoon retracement is around 2574.50. The European session can continue to retrace, and even cross or break through, but it cannot deviate too much from the intraday low, otherwise it will limit the momentum of the evening pull-up. The position of the golden section line 236 is near 2571, which is also the support position of the lower trend line, so pay attention to the opportunity to continue to rebound below 2571 in the evening, and the upper resistance is near 2590.
TVC:GOLDLong
by David_strategy
9.17 Technical Analysis of Gold Short-term OperationsIn the four-hour chart, the price recovered the upper line and ran below the upper line. The short-term support is at the acceleration line 2573. If it breaks down here, it also indicates that the lower line of the hourly chart will break. Once it breaks, it will resonate downward, at least testing the support of the 2562-50 line. Secondly, from the four-hour moving average chart, the 5-10-day dead cross is downward, and the auxiliary indicator MACD is dead cross at a high level. The hourly chart counterattacks the upper line and turns short for the second time, which is the best time to short, and it is also a reasonable position to reduce positions. Once it breaks down, the overnight closing price of 2579-80 is basically rebounded, which is to add shorts. So as long as you hold 2590 to see that the adjustment remains unchanged, wait for 2600 or above after the breakthrough to make arrangements. Strategy: 2585-88 area short, loss 92, look at 73-68-62-50. Break down 73 and rebound 80 and short loss 85
TVC:GOLDShort
by David_strategy
1
XAUUSD: 13/9 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2590, support below 2530 Four-hour resistance 2575, support below 2544 As the saying goes, the longer the horizontal line, the higher the vertical line. After a long period of box consolidation, the gold price broke upward and refreshed the historical high of 2531. It is emphasized that after the break of 2531, it is time to go all out to be bullish on gold. Don't have any more empty thoughts. The current market is bullish in multiple cycles. Whether it is the weekly, daily, or 4-hour lines, it is an absolute bullish trend. There is no doubt that we will continue to go long during the day. There is nothing to say. Just don't think about guessing where the top is for the time being. As for the intraday long position, after accelerating higher yesterday, it still maintained a strong upward trend today. The overnight low was at 2544, and today's Asian session low was at 2556. Pay attention to these two support points during the day. If you want to maintain an extremely strong long position, the starting point of 2556 cannot be broken. You can try to go long when it falls back during the day to near 2556. Today's bullish thinking can be maintained until 10 am in the U.S. market. Technical profit-taking may occur after 10 am, the last trading day of this week, but remember to only go long and not short, and follow the trend! BUY:2556near BUY:2544near SELL:2590near Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
Analysis of gold price trend on TuesdayGold fluctuated in a narrow range at highs on Tuesday, and the current price is around 2583. Gold prices rose slightly on Monday, hitting a record high of 2590, helped by a weaker dollar and the expectation that the Federal Reserve will announce a sharp interest rate cut at this week's policy meeting! Although there were some short-term profit-taking of long orders at high levels, the gold price closed near the historical high! The US dollar index continued to fall on Monday, which continued to provide support for gold prices. However, it should be reminded that if the US dollar index can hold the 100.50 first-line support (the US dollar index has rebounded after receiving support near this position many times in the past year or so), gold may usher in a correction. The global central bank has entered a cycle of interest rate cuts, which also provides support for gold prices. The European Central Bank cut interest rates by 25 basis points last week, although ECB President Lagarde suppressed expectations of lowering borrowing costs again next month. The "horror data" will be released this trading day-the monthly rate of US retail sales in August, which investors need to pay close attention to. The current market expectation is -0.2%, and the previous value is 1%. This expectation is slightly biased towards supporting gold prices before the data is released. In addition to the "horror data", pay attention to the changes in market expectations for the Fed's decision and news related to the geopolitical situation. Technical aspect There has been no major change in the technical aspect. At the beginning of the week, the Asian session rose around 2580. After a small high in the afternoon, there was no large-scale increase. After the overbought in the small cycle four-hour chart and hourly chart, the price formed a high-rise and fell back. The entire trend of the US market formed a 77-90 range adjustment at the high level of the consolidation triangle. It is cold at high places. Although the trend has not changed, we must always pay attention to the emergence of technical callbacks and repairs. Therefore, long-term long positions have turned into short-term long positions, and strict risk control. Pay attention to the break direction of the 77/90 range during the day. Trading strategy: 2573-2575 long, stop loss 2564, target 2590-2600; 2593-2595 short, stop loss 2606, target 2580-2570;
OANDA:XAUUSD
by Jun-goldFX
1
9.17 Technical Analysis of Gold Short-term OperationsAfter rising for three consecutive trading days, the price of gold rose again yesterday to a record high of $2,589 per ounce, close to the $2,600 mark, but it did not break through again. After encountering resistance and retreating, the final price closed at around $2,582. Overall, it still maintained a high level of consolidation. There is no doubt that the rise in gold prices for three consecutive trading days has already indicated that the Federal Reserve will start to cut interest rates, and it also indicates that the expectation of further interest rate cuts is in place. The market is concerned about how many basis points the interest rate cut will be, which is not so important because the trends of various varieties are digested in advance. Yesterday, the price of gold rose to $2,589, and then encountered resistance and retreated. The daily line recorded a small positive cross star. The current price remains above the upper track of the Bollinger Bands. The moving averages of each period are arranged in a bullish pattern. The Bollinger Bands remain open as a whole. The MACD double lines rise, and the red kinetic energy column increases, which is in line with the development of the K-line. At present, the daily line still tends to be bullish. Since technical indicators have a lag, it will be too late to wait until the price retreats or turns to short. Yesterday's high of $2589 is effective pressure. Looking further up is the $2600 mark, $2606. It is uncertain whether it can be reached. If it can be reached, you can intervene to short and wait for a retracement. The primary support below (short-term target) is $2560. Today's short-term operation strategy; Sell at 2585, stop loss at 2590 Buy at 2555, stop loss at 2550
TVC:GOLDShort
by David_strategy
9.17 Gold Short-term Operation GuideAfter gold hit the high point of 2580-90 last week, it basically maintained a consolidation trend at the opening of this Monday. As of now, it is still above 2582 as the high point, and it is consolidating in the range of 70-90. At present, many people think that the interest rate decision on Thursday will be a node, but not. I think the GDP data will be a window for a change. Then, institutions may take advantage of the opportunity to buy and pull up again. 2580 is also a support in the 4-hour chart of gold. If it falls below the moving average support here, it is likely to test 2855-50 later.
TVC:GOLDShort
by David_strategy
3
9.16 Gold Short-term Operation GuideOn Friday, gold rose directly along the 2556 line in the early trading, rose to the 73 line in the European trading, and then fell back. In the evening, it rose again to the 80 line and then fell back. It hit a high of 86 in the late trading and then fell back slightly. Finally, the daily chart closed at 2579 with a big positive line. Looking back at Friday, the price basically went up in a step-by-step manner. There were corresponding adjustments at each suppression point, but the overall trend was still dominated by bulls. The cyclical double positive continued in terms of form. From the current market, the trend remains unchanged, but the market does not only rise but not fall. If we look at the symmetrical cycle of the form, today's expected rise and fall will close in the negative. However, the market broke through the big positive line last week, and it is not realistic to directly reverse the trend in the short term. The previous platform consolidation has become an important support for the re-upward movement. The daily chart reaches the upper acceleration line suppression area, followed by the oblique pressure of 2597. After the four-hour shock to the breakthrough of the upper line and the acceleration line, the short-term indicators have been seriously overbought, so today I am optimistic about the rise and fall, and the lower 30-minute lower line on Friday formed support for the upward movement. Today, the key support is here on the hourly chart lower line, followed by the four-hour upper line, so today's operation is long first and then short. Short term operations: BUY 2567, loss 2561, target 2582-92-97. SELL2597, loss 2603, target 2573-67-62-55
TVC:GOLD
by David_strategy
1
Monday Market Analysis and SignalsGold fluctuated at a high level on Monday, and the current price is around 2586. Gold prices rose sharply last Friday, hitting a record high of 2586, with the largest weekly increase since early April. Optimism about the Fed's upcoming rate cut has driven gold prices higher, and capital inflows and the decline of the US dollar have also played a catalytic role. The latest data shows that market expectations for the Fed's 50 basis point rate cut in September have also heated up. Gold has been one of the best performing commodities among major commodities this year. So far this year, gold has risen by more than 20%, thanks to expectations of Fed rate cuts, strong central bank purchases and strong purchases in Asia. The safe-haven demand brought about by the increased geopolitical risks and uncertainty before the US election in November has also supported gold's record gains this year. Super central bank week will debut this week, and the Federal Reserve, the Bank of Japan and the United Kingdom will release their September interest rate decisions. The market generally expects this to be the starting point of the Fed's easing cycle. According to historical trends, gold prices tend to fluctuate higher before the Fed cuts interest rates, but after the Fed cuts interest rates, gold prices will usher in a wave of declines, and investors need to be vigilant. Technical aspect Technical aspect: The gold daily and weekly structure maintains a bullish trend. The MA10/7-day moving average of the daily chart maintains a golden cross and opens upward. The MACD kinetic energy column increases in volume. The price of the short-term four-hour chart forms 8 consecutive positives and ushered in a new historical high again. The price is running in the upper and middle track of the Bollinger band, and the moving average opens upward. However, the RSI indicator of the hourly and four-hour charts touches above 80 values, entering overbought, and beware of the short-term correction demand for gold prices. The trading idea at the beginning of the week is to follow the trend and go long at low prices. Trading strategy: 2570-2572 long, stop loss 2560, target 2590-2600; 2598-2600 short, stop loss 2610, target 2580-2570;
OANDA:XAUUSDLong
by Jun-goldFX
9.16 Gold Short-term Analysis GuideLast Friday, an article from the "Federal Reserve's mouthpiece" once again fueled speculation that the Fed might cut interest rates by 50 basis points at this week's policy meeting. The dollar index continued to fall and once lost the 101 mark, but recovered some of its losses during the U.S. trading session and finally closed down 0.13% at 101.10. U.S. Treasury yields fell slightly, with the benchmark 10-year Treasury yield closing at 3.657%; the two-year Treasury yield, which is more sensitive to monetary policy, finally closed at 3.595%. The Dow Jones Industrial Average closed up 0.72%, the S&P 500 closed up 0.54%, and the Nasdaq closed up 0.65%. Trump Media closed up 7.62%. Today's focus: The eurozone will release the seasonally adjusted trade account for July; The United States will release the New York Fed Manufacturing Index for September; ☆ Closed reminder: Today, the Tokyo Stock Exchange, Seoul Stock Exchange, Shanghai, Shenzhen and Beijing Stock Exchange The market's expectations for the Fed's upcoming interest rate cut continue to heat up. , the market currently expects the Fed to cut interest rates by 50 basis points at the September 18 meeting to reach 43%, while the probability of a 25 basis point cut is 57%. This is the first possible rate cut by the Fed since 2020. The driving effect of the expectation of rate cuts on gold prices is obvious. The lower interest rate environment reduces the holding cost of gold and increases its attractiveness as a non-yielding asset. Before the Fed meeting, gold prices usually show a trend of fluctuating higher. However, after the rate cut, gold prices may experience adjustments. Therefore, investors need to be vigilant about possible market reactions. Monetary policy changes by major central banks around the world have an important impact on the gold market. The ECB's rate cut decision last Thursday reduced the opportunity cost of holding gold and further strengthened market expectations for loose policies. At the same time, U.S. inflation data has stabilized, providing the Fed with more room to consider rate cuts. With the easing policies of the Federal Reserve and the European Central Bank, the bullish sentiment in the gold market has significantly increased. In addition, the depreciation of the U.S. dollar against the yen has further increased market interest in gold. The strong performance of the gold market was also driven by fund inflows. Data shows that the holdings of SPDR Gold Trust, the world's largest gold-backed ETF, have reached their highest level since January this year. The World Gold Council (WGC) reported that global physical gold ETFs attracted inflows for the fourth consecutive month in August, which further supported the rise in gold prices. In addition, geopolitical risks are also an important factor in the rise in gold prices. Geopolitical tensions in major economies around the world have increased market uncertainty and further boosted demand for gold as a safe-haven asset. These factors, including the Russian-Ukrainian conflict and tensions in the Middle East, have prompted investors to put their money into gold to avoid potential risks.
TVC:GOLDLong
by David_strategy
1
9.14 Gold Short-term Analysis StrategyThe daily and 4-hour lines closed with big positives, overlooking the 2530 line that was tested many times in the early stage. Therefore, only by following the trend under the bullish trend can there be greater profit space. The price relies on the MA moving average to go up, and the trend is very clear that the bulls have an advantage. On the one hand, it is a bullish trend. On the other hand, whether it is the hourly line or the 4-hour line, the strength of the retracement and the coordination of time after continuous pull-up, the gold price retreated to around 2545 in the early morning, and then the hourly line continued to attack the 2560 line. In other words, it is still constantly refreshing the historical high in the early morning, and there is no room for correction. The shape is relatively strong. There is no room for even retracement, which shows that the bulls are full of momentum, and there is still room for continued rise today. Today's operation plan: In the bullish pattern, what position should be used to plan for long positions? The market with oscillating components uses the low point of the retracement correction as support to rebound again. Today's ideas are similar to those of yesterday, and need to be combined with time. The lower support is near 2549, which is the upper track of the previous upward channel. After breaking through, it is bullish. The upper resistance is near 2580,2588.
TVC:GOLD
by David_strategy
Friday market analysis, continue to see new highsGold held near its all-time high on Friday, now at $2,570. Gold prices rose more than 2% on Thursday, hitting a record high, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the ECB's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Gold prices soared to a record high after U.S. initial jobless claims and producer inflation data further indicated that the Federal Reserve may cut interest rates next week. The European Central Bank cut interest rates again on Thursday and hinted that borrowing costs will be on a "downward path" in the coming months. Currently, inflation in the eurozone is slowing, and the ECB's further rate cut has raised expectations that many central banks around the world will cut interest rates multiple times in the future, increasing the attractiveness of gold. Pay attention to the U.S. import price index in August, the preliminary value of the U.S. University of Michigan Consumer Confidence Index in September, the eurozone finance ministers' meeting, and news related to the geopolitical situation during this trading day. Technical aspect Technical aspect: Gold hit a new record high, breaking the wide range of 2530~500 this week. The daily increase is close to 50 US dollars. The MACD momentum column of the short-term four-hour chart is large, and the RSI indicator is close to 80, close to the overbought zone. The price runs along the upper track of the Bollinger Band, and the moving average golden cross opens upward. Technically, the structure of gold's bullish trend is intact. It is expected that there will be at least one bullish sprint to a new high on Friday. The trading idea is to go long at a low price. In short, don't guess the top. You will find that trading will be simple and easy if you follow the trend. Trading strategy: 2548-2550 long, stop loss 2539, target 2570-2580; 2577-2579 short, stop loss 2588, target 2550-2540;
OANDA:XAUUSDLong
by Jun-goldFX
9.13 Gold Short-term AnalysisGold prices rose more than 1% on Thursday, hitting a record high of $2,559.98 per ounce and closing at $2,558.54 per ounce, driven by expectations of a rate cut by the Federal Reserve next week, after data showed a slowdown in the U.S. economy. In addition, the European Central Bank's rate cut also reduces the opportunity cost of holding gold, and geopolitical concerns continue to provide safe-haven buying support for gold prices. Considering the possibility of profit-taking on Friday, we will patiently pay attention to the strength of profit-taking in gold today. Market expectations have increased that the Federal Reserve will cut interest rates by 25 basis points at its September 17-18 meeting. The probability of a 25 basis point cut is 73%, and the probability of a 50 basis point cut is 27%. This expectation has driven gold's rise because the low interest rate environment makes gold more attractive as a non-yielding asset. The European Central Bank announced another rate cut on Thursday, lowering the deposit rate to 3.50%. This decision is closely related to the background of weak economic growth and slowing inflation in the eurozone. The ECB's rate cut reduces the opportunity cost of holding gold, further enhancing its attractiveness. In addition to economic data, geopolitical tensions also have an important impact on gold prices. Russian President Vladimir Putin said on Wednesday that Moscow may restrict exports of uranium, titanium and nickel in retaliation against Western countries. The statement has raised market concerns about the global supply chain, further boosting safe-haven demand for gold.
TVC:GOLD
by David_strategy
1