Gold finally broke through the 2404 line, it is too strong
Gold prices surged above $2,400 an ounce as concerns about escalating tensions between Israel and Iran boosted safe-haven demand. Gold prices rose for a fifth straight week after unconfirmed media reports of explosions in Iran, Syria and Iraq. Rhetoric between Iran and Israel has intensified since last weekend's drone and missile attacks. Latest news According to ABC News, US officials said that an Israeli missile hit an Iranian facility.
Gold rose rapidly due to the news and finally broke through the 2404 line. There is still heavy pressure above the golden 4-hour chart. After the market's risk aversion ends, gold may fall back to a certain extent.
Gold’s safe haven ends, prepares for decline
Xauusdsell
Already made 18K profit, continue to short gold after reboundToday’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over $18K.
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Be brave and short gold!Dear friends, gold turned upward after hitting the 2355-2350 area overnight. It is currently trading near the 2383 position. Gold seems to have the possibility of hitting 2400 again.
In fact, for the current gold market, wide fluctuations have become the norm, but in the short term, I think gold does not yet have the conditions to directly impact 2400, because gold has stopped at the 2395 area many times recently.Then the area has become a key resistance level, and the short-term resistance level is in the 2388-2390 area. Therefore, for this short-term rebound, I do not expect gold to break through the 2388-2390 area, and then it will continue to correct.
After all, after gold has fallen so much, it will not rebound all at once. It needs technical secondary confirmation of support before it can continue to rebound. Therefore, even if gold will continue to rise, before it rises, gold should still technically step back to confirm support. . In addition, the short-term head and shoulders pattern formed by the short-term level currently needs to be digested by the short sellers!
Therefore, in terms of short-term trading, I still tend to short gold. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold’s 3-game winning streak, how to trade today?
The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers.
Trading strategy; short around 2380, stop loss 2390, target 2370-2361
XAUUSD: Sell at 2404-2416
The 4h chart shows that bulls currently have the advantage, but on the 30M chart, it is currently in the resistance range of 2396-2404. If it cannot break through, it will fall back to the 2384-2373 range.
If the range support is effective, you can continue to go long and pay attention to the resistance of 2396-2404 again. If it breaks through, consider 2409-2416.
XAUUSD:Short, target 2358-2333
The 3h chart indicator has formed an obvious bear trend. In small-level trading, there is some rebound demand on the 30m chart, so the next focus is to focus on the resistance 2378-2383 during the rebound process.
If it cannot break through, the short forces will be concentrated again, and it will inevitably fall back to around 2333, so if you can seize this opportunity, it will bring you huge profits.
Profit of 11K, both long and short have profit potentialToday’s gold trading situation is as follows:
1.Xauusd: @2293.28 Sell, TP:2386.5 Profit: +$ 2696
2.Xauusd: @2378.43 Buy, TP:2394 Profit: +$ 6228
3.Xauusd: @2395.23 Sell, TP:2386 Profit: +$ 2769
Today, we made good profits in both long and short gold transactions. The total intraday profit exceeded $11k. We have once again continued our 9-game winning streak in recent gold transactions. This is a very good result.
For the current gold market, in fact, gold as a whole still maintains a high and volatile market. However, gold has failed to make good progress in the short term when it has repeatedly risen to 2400. So after failing to break through many times, whether it is due to the need to accumulate upward momentum or a certain consumption of bullish energy, I think gold may undergo a deep correction at any time.
The correction is coming as soon as it comes, and the current lowest level of gold has fallen back to around 2361. If gold cannot quickly recover above 2380, or even above 2375, then gold may continue to fall back to 2355 or even near 2350, which means it may replicate the short-term trend of April 16th,thus laying the foundation for short-term adjustment trend pattern.
Therefore, in terms of trading, there may be a partial rebound in gold after a sharp decline, but it is best not to go long gold directly now, because once gold cannot recover its losses as soon as possible, gold may continue to fall. So before there is a clear signal, I suggest waiting and watching and not rushing to trade! When there is a suitable opportunity, I will make a corresponding trading plan!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
GOLD-analyze
U.S. retail sales rose more than expected in March as online retailers' revenue surged, providing further evidence that the economy ended the first quarter on solid growth. The report from the U.S. Commerce Department on Monday, combined with data earlier this month on strong job growth in March and a pickup in consumer inflation, have heightened expectations that the Federal Reserve may delay a rate cut until September. In terms of the geopolitical situation, top Israeli military officials said on Monday that Israel would respond to Iran's weekend missile and drone attacks. Netanyahu convened a war cabinet meeting for the second time in less than 24 hours to weigh how to respond. Iran's first direct attack on Israel. Today we need to pay attention to the March new housing starts, building permits and industrial production data released by the US market.
As can see from the chart, gold fell rapidly from 2431 last week. Gold made some repairs yesterday, but it failed to break through important resistance points.
I give the above resistance points, you can sell
2380-2385,2400-2405
The market changes rapidly, and you need to pay attention at all times and control your positions reasonably.
By following me in trading, you can increase your success rate, reduce losses and increase profits.
World gold prices fluctuate at historic peaksGold last night had a strong increase again. As far as I can see, the candlestick area has reached 2398.
>Currently Gold has had a downward trend and is reacting at 238x.
>Today's trading plan I will recommend following Ma in H1.
>The entire Canh Buy Gold family around the area reacted to Ma H1. Around price 2372>2376
SL 2368
TP 2386>239x.
>Gold Which breaks through the reaction period in 3 MA frames. If the reduction is below 236x, I will update more. Current Price Everyone is waiting and Can Buy for Me
>GOOD LUCK MN ❤️❤️
-----------NEWS----
World gold spot fee stands round 2,382.eight USD/ounce, up 5.eight USD/ounce in comparison to ultimate night time. Gold futures fee for June 2024 at the Comex New York ground is at 2,399.three USD/ounce.
At eight:50 p.m. on April sixteen (Vietnam time), today`s spot gold fee on the arena marketplace is at 2,377 USD/ounce. Gold brought in June 2024 at the Comex New York ground is at 2,394 USD/ounce.
World gold fee at the night time of April sixteen is ready 15.2% higher (314 USD/ounce) in comparison to the stop of 2023. World gold fee transformed with the aid of using financial institution USD fee is at 73.three million VND/tael, which includes taxes and fees, approximately 10.four million VND/tael decrease than the home gold fee as of overdue afternoon on April sixteen.
World gold charges vary strongly withinside the context that charges are at historic peaks and the Middle East vicinity is unpredictable. Israel plans to reply to Iran's attack.
World gold spot rate stands spherical 2,382.8 USD/ounce, up 5.8 USD/ounce in evaluation to remaining night time time. Gold futures rate for June 2024 on the Comex New York floor is at 2,399.three USD/ounce.
At 8:50 p.m. on April 16 (Vietnam time), today`s spot gold rate at the area market is at 2,377 USD/ounce. Gold delivered in June 2024 on the Comex New York floor is at 2,394 USD/ounce.
World gold rate on the night time time of April 16 is prepared 15.2% higher (314 USD/ounce) in evaluation to the forestall of 2023. World gold rate converted with the useful resource of the use of monetary group USD rate is at 73.3 million VND/ tael, which incorporates taxes and fees, about 10.4 million VND/tael lower than the house gold rate as of past due afternoon on April 16.
World gold fees range strongly withinside the context that fees are at anciental peaks and the Middle East location is unpredictable. Israel plans to reply to Iran`s attack.
Gold is still in an Uptrend - waiting for a DOWN rhythm⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold began the week on a positive note, rising in early trading. This increase was primarily driven by the escalating conflict between Iran and Israel over the weekend. Concerned investors sought refuge in gold, a traditional safe haven, as they prepared for the new week after Iran's drones attacked Israel on Saturday evening.
The price of gold continues to be supported by market fears that Iran's unprecedented strike on Israel could lead to retaliatory actions. However, there is some comfort for the markets as the UK, France, and Egypt have condemned Iran's actions, and Saudi Arabia has called for restraint. This has helped to improve risk sentiment, creating a more favorable atmosphere in early Asian trading.
⭐️ Personal comments NOVA:
Still within the two upward trend lines - buying volume is decreasing. Wait for a downward adjustment
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2329 - $2327 SL $2322 scalping
TP1: $2335
TP2: $2340
TP3: $2350
🔥BUY GOLD zone: $2305 - $2303 SL $2297
TP1: $2312
TP2: $2325
TP3: $2335
🔥SELL GOLD zone: $2381 - $2383 SL $2388
TP1: $2370
TP2: $2360
TP3: $2350
⭐️ 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
XAUUSD:Go long in the 2333-2326 range
Gold encountered resistance in the 2363-2373 range. In the small-level candle chart, the indicators began to show weakness. Focus on the support in the 2333-2326 range. If the support is effective, go long. Continue to focus on the resistance in the 2363-2376 range.
On the 4h chart, it now faces the question of whether to form a head and shoulders pattern, the answer to which will be revealed on Wednesday.
Judging from the current trend, I think the probability of success of the pattern is relatively high, so last Friday, I told everyone that my short order target is in the 2305-2283 range. As of now, I still maintain this view.
Short gold in the 2350-2355 area, target: 2342-2338Dear friends, today gold has been in a retracement situation. Although there have been several symbolic struggles, the bears have finally gained the upper hand. The current lowest price of gold has been around 2324. Of course, our short gold order near 2360 also successfully hit TP: 2349. We thus reaped considerable profits.
At present, gold maintains a volatile and weak situation. In the short term, I still maintain a weak view of gold, and gold is likely to fall into a continued retracement, and the target below is the 2320-2310 area. But if the short position is established, gold will also see a certain rebound after the breakthrough, and the technical level below will also give the bulls some support. Then after gold rebounds, it will once again give us the opportunity to short gold.
So in terms of trading, we can now first consider shorting gold in the 2352-2355 area, with the target looking at the 2340-2338 area. I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
XAUUSD: Gold peaked in the short term, waiting for rebound SellGold has peaked in the short term and is waiting to rebound to Sell near 2358.
There is still a lot of room for gold to fall. Driven by risk aversion last Friday, it did not rise as unstoppably as before. Instead, it surged higher and then fell. This has indicated that the gold bulls have ended and the short-term is controlled by the short-term, so If it rebounds to around 2358 today, you can sell.
The market is changing rapidly and is confusing. Sometimes we cannot be fooled by the illusion in front of us. Only by not being afraid of the clouds blocking our eyes can we see clearly behind the market.
XAUUSD: Target 2305-2283
Gold is so crazy today, it has not seen such violent fluctuations in a long time.
Due to the sudden war news, it quickly broke through 2400. After reaching around 2430, it started a plummeting mode, with a drop of nearly $100.
Maybe it's a coincidence, but we can't rule out that this is controlled by funds. Bulls are creating shipping opportunities. Otherwise, if the market were to run on its own, there would hardly be such a big fluctuation.
I have clearly reminded everyone of this yesterday. You must pay attention when going long, especially chasing long positions at high levels, because once large funds are shipped, it will be a terrifying unilateral plummeting trend. Everyone has seen it today.
The market is so ruthless.
Currently, after experiencing a sharp decline, it needs a buffer, so if no bad news comes out over the weekend, then the rebound repair phase should be next,
Focus on the 2350-2378 range. Before it returns to 2280, the trading direction is still mainly high selling.
Gold is bound to fall after gapping highDear friends, tomorrow will start a new week of trading journey! Let’s first summarize this week’s trading results. Personally, my overall profit this week was over $68K, which I feel is a very good trading result. Although I occasionally suffered losses in this week's transactions, I was able to seize 95% of the trading opportunities and successfully make profits. I think this is a very good result! Hopefully we can keep up the good work next week!
For the gold market next week, due to the escalation of conflicts in the Middle East, gold may have the conditions to jump short and open higher on Monday, or gold may be the first to rebound with the support of safe-haven assets. If gold rebounds as expected, we will first focus on the resistance in the 2365-2370 area above.
In addition, on Friday night, gold fell back from its highest position near 2431 to its lowest position near 2334, a correction of almost $100. This is a sharp correction that has never occurred recently. I think this may intensify market panic to a certain extent and cause a certain range of selling, which is detrimental to gold. In addition, from a technical perspective, gold has undergone a deep correction, which has consumed the momentum of bulls and also destroyed the bull pattern to a certain extent. There may be a peaking signal in the short term, so gold may continue its correction trend.
Therefore, I predict that gold will stage a trend of rising first and then pulling back in the trend next week. Therefore, in terms of trading, in terms of the main trading rhythm, I will focus on shorting on rallies, and first focus on the resistance in the 2365-2370 area above. Of course, I will adjust the specific trading strategy according to the real-time intraday market conditions. No matter what, I wish us to achieve greater success in trading next week!
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Gold's 11th consecutive win, let's set a recordDear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum near 2431, and then fell by $70, hitting a minimum near 2361. It's a crazy roller coaster ride. I think some people are happy and some are worried in today’s market!
At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profits and follow the trend to sell. This led to a sharp decline in gold.
Gold is currently trading near the 2350 position. Can we go long gold again? I think there should be no rush to get involved in market transactions for the time being. Because the current sharp decline in gold will cause market panic and easily lead to a wave of gold selling, gold may still fall inertia. So we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think this is reasonable.
Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down its decline in this area, perhaps we can consider trying to do long gold in small batches around this area.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
After gold plummets, how to participate in short-term trading?Dear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum of around 2431, and then fell by $70, with a minimum of around 2361. It's a crazy roller coaster ride. I think some people must be happy and some are worried in today's market!
At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profit-making funds and follow the trend of selling. This led to a sharp decline in gold.
Gold is currently trading near the 2361 position. Can we go long gold again? I don’t think we should rush into market trading for the time being. Because the current sharp decline in gold will cause market panic and easily trigger a wave of gold selling, gold may still fall with inertia. Therefore, we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think it's reasonable.
Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down in this area, perhaps we can consider trying to do long gold in small batches around this area.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
XAUUSD:A unilateral downward trend may begin
This is the 4h chart of gold. A simple analysis using the MACD indicator shows that it is currently close to a dead cross. At the same time, there has been a serious top divergence, and other indicators are also showing obvious weakness.
In short, gold bulls are now in a situation where they are unable to continue.
There are only two ways to accumulate power, one is to shock and digest, to repair the indicators.
Another option is to break multiple supports, lure short sellers into the market, and make quick repairs. If there is news cooperation in the later period, bulls will still have the opportunity to try 2380-2400.
Otherwise, this unilateral rise will basically be over. The short sellers will lead the market to 2280-2252-2212, starting a unilateral downward trend, eventually falling below 2200 and returning to the platform support near 2180.
The above are my trading ideas, I hope it can be helpful to everyone's trading.
XAUUSD:Here comes the big short opportunity
Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired.
So if you want to trade, just go short and just pay attention to the support levels.
At present, the support is first around 2374, then around 2366, and then the 2362-2354 range.
The current gold situation has gone against the entire economic environment. It is possible that the main funds are taking the opportunity to boost shipments. Therefore, friends who are chasing bulls at high levels must pay more attention, do not be too greedy, and do a good job in risk management.
Because once they complete their goal, it is very difficult to return to this position again. Instead, a violent unilateral trend will occur when it falls.
Gold prices suddenly increased sharply on the weekend@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379
>Today, all traders are watching to sell GOLD according to RSI around the 2395-2400 range
SL 2405
TP 2370-2380
Buying Momentum Gold is currently very high so I have not determined a specific entry point. Temporarily, Canh Sell's family has any reaction. I will update more 👌👌❤️❤️
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Following the inflation records, buyers wager that the Fed should begin slicing hobby prices at its assembly in overdue July. Gold is historically referred to as an inflation hedge however hobby prices better reduces the enchantment of protecting gold.
Meanwhile, records posted withinside the center of this week confirmed that purchaser fees withinside the US in March accelerated more potent than expected. According to the mins of the March coverage assembly, Fed officers additionally stated that it's far viable that the Fed will should postpone the timing of loosening economic coverage.
According to Invesco funding strategist Kristina Hooper, despite the fact that it can postpone the easing cycle till later this year, americaA Central Bank has made it clean that hobby prices will fall and that view is the primary cause why The excessive possibility fee of protecting gold can't prevent traders from leaping into the market.
Already made a profit of 12K, insist on shorting goldToday’s gold trading conditions are as follows:
1. Xauusd:@2340-2342 Sell, TP:2328 Profit: + $3708
2. Xauusd:@2341-2345 Sell, TP:2336 Profit: + $8609
In gold trading today, I repeatedly relied on the 2340-2345 resistance area to short gold, and hit my expected target positions of 2328 and 2336 respectively.So far today, I have made a profit of more than FWB:12K in short transactions, and successfully won 9 consecutive victories.
Judging from the current structure of gold, the recent lows of gold have been moving downwards, and the short-term rebound has been blocked. Gold has been under heavy selling pressure near the upper trend line. Even with the support of news in the short-term, it is difficult to finally reach the previous wave high point of 2347. . Compared with the previous rebound amplitude and intensity, it will obviously be much weaker now.
Therefore, even if gold is currently testing the 2350 mark again in the short term, if gold does not retrace to test support to confirm that gold continues its upward trend, then gold may fall back again after touching the 2350-2355 area. Therefore, in gold trading, you can try to short gold near the 2350 position in small batches, TP: 2342-2340.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.