Gold rebounds to resistance zone and continues to sellGold market fundamentals:
Yesterday's CPI data adjusted the market's expectations for the Fed's September rate cut, from 50 basis points to 25 basis points (bad for gold)
The ceasefire negotiations between Israel and Hamas will be held in Doha, which will have an important impact on the situation in the Middle East (bad for gold)
Although the Ukrainian army's advance to the Kursk region of Russia was counterattacked by the Russian army, the complexity of this situation has increased market concerns about security (good for gold)
Gold market technical aspects:
Referring to the Fibonacci retracement of yesterday's decline, 0.5 is 2459, 0.618 is 2464, today we can sell around two retracement levels
Trading strategy: The multiple US data just released are bad for gold. Combined with the above factors, we mainly short today, in the retracement range of 2459-2459
Support range: 2440, 2430
Resistance range: 2476-historical high
Xauusdsell
XAUUSD: A small correction before going ATH! OANDA:XAUUSD
We may see price correction on XAUUSD before it continue moving up, price has been extremely bullish since the beginning of the week. However, we may now see price dropping towards 2440 which area remain a strong hold for swing buyers. Good Luck.
What Happen To The Gold 2430 To Retest AgainWhat Happen To The Gold 2430 To Retest Again
Yesterday Gold Make A Fake out On Upper Trendline And With CPI Data Release Gold Make It's Move To bearish With Strong Move Of 400 Pips Fall In 4H.And Re Bound From the Daily RBS Zone. So Gold Can Potentially Reach To 2430 To Sweep The Liquidity Or More Down Side.
I Would Like To Sell From The First SBR Zone @ 2458 - 2461 Zone. But Is Breck The Zone I Would Sell Again @ 2464- 2467 Zone. But All Are Probabilities
Will See What's Happening
Gold Analysis==>FallingGold is moving in the Heavy Resistance zone($2,484-$2,431) and Resistance line .
According to the theory of Elliott waves , Gold seems to have succeeded in completing a Zigzag Correction(ABC/5-3-5) near the resistance line .
Also, we can see Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to GO down to at least the Support line .
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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From 2475 to 2450, it is just the start!Brothers, gold fell back as expected. At present, gold has fallen below 2450 several times in the short term. The short-term short force is strong. At present, gold still has the potential to continue to fall. I am sure that gold will at least fall back to the 2435-2430 area, or even the 2420-2415 area.
In the past two days, I have been advocating and insisting on shorting gold in the 2470-2475 area, from shorting gold at the beginning, and then continuing to short gold. I am very much looking forward to a new round of gold decline. When most people are aiming at the 2500 position, I said that only by walking ahead of most people can we eat more cakes and make more profits.
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GOLD Gave Us +200 Pips , What Is The Next Direction For Gold ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Continue to short gold and look forward to more returns!Although gold has been supported by the conflict in the geopolitical situation and market risk aversion has pushed up gold prices, it has never been able to touch the previous high near 2484, and even 2480 cannot be reached for the time being. Therefore, gold seems to be strong, but it is facing the resistance area of the previous high. , and it is difficult to cross easily.
Therefore, before gold breaks through the previous high, it is completely reasonable to fall back first to accumulate strength, which is more conducive to gold breakthrough. Therefore, I still don't recommend chasing gold directly at present. Regarding the risk of geopolitical situation, in order to avoid the outbreak of world war, I think all parties will effectively restrain themselves and the conflict will not escalate easily.
Therefore, in terms of trading, on the contrary, I still advocate shorting gold in the 2470-2475 area; if gold rebounds and touches the previous high area of 2480-2484, I will continue to increase my position to short gold, and then wait for a new round of gold decline. Only by walking ahead of most people can we eat more cake and make better profits.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold Shared Today +100 Pips Now , Did You Enter ? This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Start to short goldBrothers, today is Monday, and gold continues to rise to around 2455. In fact, according to the current gold structure, gold is indeed in a bullish structure, but the gold price is still in a slow rise rhythm in the overall rise process, and it is not very firm. So at this time, there is no need for us to continue chasing gold.
To be honest, this round of gold rebound is indeed a little beyond my expectations, but according to the current rhythm, we can basically see its top position area, and it should only rebound to the 2470-2475 area at most, and it may not even reach this area. Therefore, when gold shows a rising and short-squeezing trend, short-term pressure may fall at any time.
So in terms of trading, we don’t need to follow the trend to go long on gold for the time being. On the contrary, we should now focus on shorting gold. Walk ahead of most people and make more profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Don’t worry, your short position will be profitable! .With certain buying support, gold was pushed up to around 2415, which was also the most positive day in the past two days. Do you still hold a short position in gold? What if the short position is in trouble?
In fact, I am not nervous about the rebound of gold. I think there is nothing logically wrong with holding a short position in gold, and I firmly believe that gold will fall back, at least around 2390. Do you think you will still be nervous about holding a short position in gold?
For the rebound of gold today, I think it is just a technical repair, and it is far from a strong reversal. In addition, gold is still facing suppression in the 2416-2420 area and the 2430-2435 area. Without the influence of major news, it is difficult for gold to form a technical support rise in a short period of time. Then the continuity of the gold rebound is not strong, and gold will fall again.
So I don’t think there is any need to worry about holding a short position in gold. On the contrary, we can’t easily chase more gold in trading.Are you still worried about your gold short position? If you don’t know how to solve the current difficulties, you can follow me.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD: Strategies for dealing with the long-short tug-of-warGold market fundamentals: OANDA:XAUUSD
The weak employment report prompted the market to expect a rate cut of nearly 105 basis points by the end of the year, with a 100% chance of a rate cut in September. This expectation has given gold some support, as rate cuts usually reduce the opportunity cost of holding gold.
However, with the rise of the US dollar index and the rebound of the 10-year Treasury yield, gold's rebound has also been suppressed.
The above two points are the current shock factors that have led gold to enter the competition between long and short forces.
Gold market technical aspects:
From the Fibonacci retracement indicator of Monday's plunge, the current price has come to a dense pressure zone, 0.5 is 2411, 0.618 is 2422, and the high point of the oscillation range 2415 is also between the two, so it is not easy to break through here. If it breaks, there is a broad sky above, and if it does not break, it is likely to continue to maintain the oscillation pattern.
Trading strategy:
Although it is a tug-of-war between long and short positions, I prefer a decline that cannot break through, so I will choose to sell at a high level
Support range: 2380-2364
Resistance range: 2411-2422
Intraday risk data: US initial jobless claims, US June wholesale sales monthly rate
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
XAUUSD: 1HR VIEW Targeting $2300! Second Entry UpdateDear Traders,
Price has shown some strong bearish pressure as it failed to go beyond 2408, where it ranged for entire London and New York session. We waited until now to have some strong confirmation of how price may move. We are now confident enough to have a bearish outlook on Gold. If you like the idea then like and comment. Previous idea is running +400 pips. Keep supporting and good luck to everyone. Trade safe.
Gold Thursday Trading Strategies and Signals
#XAUUSD
Today is Thursday. August 8. Gold has been stable for two days.
Today there is weekly news on unemployment benefits. But I don't think the impact will be big.
Today's current trend line is also very flat. Temporarily give some trading suggestions.
Sell:
sell xauusd 2394-2398 (The price is between yesterday's 0.5-0.618 line. But because of yesterday's small fluctuations. So today it may still continue to trigger the sell signal 2402-2405. So we can trade in small batches and observe)
sell xauusd 2314-2318 (The highest price of gold rebound on Tuesday)
Buy:
buy xauusd 2368-2371 (This signal is a conversion price that will be tested when gold continues to fall)
buy xauusd 2347-2351 (The bottom of the price of gold in recent times. If the price reaches it, buy it directly)
Currently, you can try to trade when the price reaches these ranges.
If you trade according to my signals. There is a high probability that you will win trading profits. We help everyone make profits accurately every day. If you like my analysis or make a profit by trading according to the signal, please give me a thumbs up and join me
Free Short Trade On Gold , 500 Pips Target !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again.
Therefore, shorting gold is still the main trading strategy at present.
Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together.
XAU sideway - accumulation !! under $2400⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) attracted buyers during the Asian session on Thursday, breaking a four-day losing streak. Market sentiment remains fragile due to concerns about an economic slowdown in China and a potential US recession. Additionally, ongoing Middle East conflicts continue to boost demand for the safe-haven metal.
Friday's weak US employment report for July increased expectations of significant interest rate cuts by the Federal Reserve (Fed), along with a decline in US Treasury bond yields, putting pressure on the US Dollar (USD) and supporting Gold prices. Furthermore, the recent rebound from the 50-day Simple Moving Average (SMA) suggests potential for further appreciation.
⭐️Personal comments NOVA:
Gold price is in the sideway price range: 2380 - 2420, buyers and sellers are having high competition in the context of this week not having much important economic data, focus is on concerns that a war in the Middle East may break out.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2365 - $2367 SL $2360
TP1: $2375
TP2: $2382
TP3: $2390
🔥SELL GOLD zone: $2418 - $2420 SL $2426
TP1: $2405
TP2: $2398
TP3: $2390
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU/USD: New head and shoulders top is forming, ready to sellToday's Asian and European sessions have seen little volatility, with gold prices staying below 2400 and not testing 2420, indicating gold is still in a consolidation phase. Therefore, we should adjust our outlook accordingly.
The 4-hour gold chart shows a new head and shoulders pattern forming, with prices near the shoulder level. Historically, reaching the shoulder often precedes a new downtrend. This shoulder is near the 2400 level, suggesting a Sell around 2400.
Additionally, the 1-hour chart shows that the Fibonacci retracement of Monday's $95 drop places the 0.382 level right at 2400, reinforcing this idea.
Support levels to watch are 2370, then 2350. If 2350 breaks, further downside is expected.
If you have different views or questions, let's discuss the latest insights on GOLD
The gold downtrend has begun, with the target below 2380From the hourly chart, we can easily see that the high point of gold is constantly moving down, which indicates that the overall downward trend is still continuing. In the previous article, I mentioned the decline of $95 on Monday. The Fibonacci retracement indicator shows that 0.382 is near the 2400 integer mark, and it also clearly mentions the bearish view here.
At present, it seems that the price of gold is running along the preset downward line. If it can break the support of the lower track of the Bollinger Band at 2380, then the head and shoulders top pattern mentioned above can be confirmed. By then, it is likely to continue to test the support of 2370 and 2350. If it falls below 2350, the downward space will be further expanded.
Now, traders who sell near 2400 can maintain their bearish beliefs. If there is no accident, this decline will most likely test the low of 2380. Let's wait and see.
If you have different opinions or questions, please speak up and let's discuss the latest ideas of GOLD together
Gold Tuesday Trading Strategies and Signals
xauusd
The gold market swept up a lot on Monday.
The biggest drop was almost 1000pips
The rise was 400pips twice
Many people lost their principal in the sweep.
In the face of disorderly market sweeps, we need to be very flexible. Constantly change your trading strategy and use the best strategy to continuously and reasonably obtain profits.
Today's trading strategy for everyone is still a few reasonable trading areas:
Sell:
sell xauusd 2418-2423
sell xusssd 2427-2441
Buy:
buy xauusd 2382-2385
buy xauusd 2368-2372
buy xauusd 2352-2356
Trade according to this trading range, and make a profit of 30-60-90pips each time. You will slowly accumulate your principal.
I wish you all a smooth transaction. If you make a profit according to my trading strategy, please give me a thumbs up and join me
GOLD: 1 HR View, Let's see how it goes! Dear Traders,
We have two possible sell entries first one is risky where we can see price reversing from current trading price. However, it can be riskier, there is safe entry that you can take when price to small upside correction and then continue to drop.
Good luck and trade safe.
Markets fear recession - XAU falls⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a one-week low on Monday, but managed to defend and bounce back from the 50-day Simple Moving Average (SMA) support around the $2,365-2,364 area. Softer incoming US macro data heightened concerns about a potential downturn in the world’s largest economy and increased expectations for more significant interest rate cuts by the Federal Reserve (Fed). This situation led to a recent decline in US Treasury bond yields, which, together with the escalating Middle East crisis, provides some support to the safe-haven precious metal.
However, a shift in risk sentiment, indicated by a relief rally in the equity markets, could pose a challenge for gold prices amid recovering US bond yields, which support the US Dollar (USD). Nonetheless, the overall fundamental backdrop seems to favor bullish traders, suggesting that the path of least resistance for XAU/USD is upward. Therefore, weakness below the $2,400 mark might continue to attract buyers and remain limited in the absence of significant US economic data releases.
⭐️ Personal comments NOVA:
The financial downturn on Monday, due to concerns about the US economic recession, caused the price of Gold to fall sharply, and there was still selling pressure from the bears when there was not much important economic news today.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2373 - $2375 SL $2368
TP1: $2382
TP2: $2390
TP3: $2400
🔥BUY GOLD zone: $2386 - $2384 SL $2380
TP1: $2392
TP2: $2400
TP3: $2410
🔥SELL GOLD zone: $2428 - $2430 SL $2435
TP1: $2420
TP2: $2410
TP3: $2390
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
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