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Xauusdsell

XAUUSD:Today’s Data Trading Strategies Initial jobless claims will be released in 30 minutes, which is expected to be favorable for shorts, so my trading plan is to go short. Gold is currently in an upward channel, with support around 2283, followed by around 2269. Based on the current price position, I am more willing to short at a high level. For this rise, my highest estimate is around 2319. There is not a lot of room, but on the downside, there are a lot of opportunities.
FOREXCOM:XAUUSDShort
by Allen_Ex
Gold Holds Strong Amidst Correction, Sales Perspective EmergesWarm greetings to all precious metals enthusiasts! Despite a slight correction, gold remains resolute in its elevated position, indicating continued bullish sentiment. Currently trading around $2256, down a modest 156 pips from yesterday, gold is undergoing corrective movements following a robust rally. Looking ahead, gold is supported by safe-haven demand amid expectations of impending interest rate cuts by the Fed. Ongoing geopolitical tensions are further fueling economic uncertainties in various countries, prompting investors to flock to gold. In the short term, a new peak seems to be forming in this high price zone, accompanied by the emergence of a downtrend line. If this pattern persists, gold may retrace to the 89 EMA should the support at $22,357 be breached. Today, let's lean towards a sales perspective, wishing everyone an enjoyable and profitable trading session!
FOREXCOM:XAUUSD
by MIA_MASTER
Gold Surges to Near $2,285/ounce Amidst Weakness in US DollarThe world spot gold price is on the verge of surpassing $2,285/ounce, rising over $27/ounce compared to the same time yesterday morning. In the US market, the world spot gold price reached $2,285/ounce, sharply increasing by $29/ounce compared to the previous session's close. During this session, there were moments when the gold price almost reached $2,290/ounce, continuously printing new all-time highs. Despite positive economic data, the US dollar in the international market continues to decline sharply. Specifically, the Dollar Index - which measures the greenback's strength against 6 major currencies - fell sharply by 0.17% to 104.420 points. The sharp decline in the USD positively supports the increase in gold prices. As the cost of trading and storing gold in investments has decreased, investors are pouring their money into the precious metal.
OANDA:XAUUSD
by CaterinaGoldTrading
Gold Surges to All-Time Highs: Outlook and Support LevelsLast week, gold experienced a powerful price surge, reaching record highs and extending to today, with a leap to $2257 USD, up approximately $24 USD in the early hours of Monday trading. Gold is propelled by strong price momentum, benefiting from lower bond yields and a weaker USD. News of potential Fed rate cuts in the near future adds further impetus to this precious metal. Regarding today's and this week's gold trends, the long-term outlook remains bullish. However, gold may encounter resistance and undergo minor corrections after its vigorous ascent, requiring adjustments to solidify its upward trajectory. Anticipated support levels are around $2215 - $2222 USD. Wishing everyone a pleasant and prosperous trading week!
OANDA:XAUUSD
by LuxeFX_Trading
Gold Surges to $2,280 as Safe Haven Demand SoarsThe price of gold has experienced a remarkable increase, with spot gold climbing by $29.9 to reach $2,280 per ounce. This substantial surge on April 2nd, in US time, has been propelled by the persistent demand for a safe haven amid escalating tensions in the Middle East. Despite the strength of the US dollar and forecasts of interest rate cuts in the US, the gold market continues to defy expectations, consistently reaching new highs. Moreover, robust demand from retail investors and global central banks further contribute to the upward momentum of this precious metal. Considering these factors, a target of $2,289 for gold appears not only feasible but highly probable!
OANDA:XAUUSD
by LuxeFX_Trading
Gold will increase in pricePrice forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be short-lived. In other words, the formation of a peak takes longer than the formation of a bottom. Many amateur traders often appear overly excited or eager to trade based on divergence between price and RSI. However, the advice is to wait for confirmation from price action. The example on the VN-Index demonstrates prolonged peaks and often smaller divergences (pink boxes) within the larger divergence. It is advisable to wait for price to break pattern formations such as flags, triangles, etc., before initiating trades.
OANDA:XAUUSD
by Rachel_FX
Gold Price Analysis: Short-Term Outlook The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a relatively moderate downward correction, with a short-term target at $2,223. Throughout the day, the gold price trend is expected to remain bullish, albeit with considerable volatility. Key technical levels to note include: Support: $2,244 – $2,223 Resistance: $2,265
OANDA:XAUUSD
by Rachel_FX
April 4, 2024 is at risk of a sharp decreaseToday, April 4, 2024, the sector grew to become down pretty sharply after many consecutive days of peaking. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright. Finance Banking Gold fee nowadays April 4, 2024 threatens to plummet after many consecutive days of peaking Manh Ha • Gold fee nowadays April 4, 2024 withinside the international grew to become round to fall pretty sharply after many days constantly peak. However, with instability withinside the international at the side of robust call for from different countries, the outlook for valuable metals continues to be bright.
OANDA:XAUUSDShort
by MrTrongVo
Gold price exceeds 2,300 USD/ounce, why?constantly skyrocketing, breaking all records, specialists provide some arguments to explain. Finance and BankingHot: Gold charge exceeds 2,three hundred USD/ounce, why? Yen Nguyen • April 4, 2024 07:01 Gold charge constantly skyrockets, breaking all records, specialists provide some arguments to explain . Gold increases, gold charges "peak"... had been acquainted key phrases withinside the economic marketplace in current days. However, the situations that specialists formerly forecast nearly in no way noted this speedy increase rate. Opening this morning Vietnam time, global gold charges persisted to skyrocket, exceeding 2,three hundred USD/ounce, once in a while even exceeding 2,302 USD/ounce. The words "all-time peak" not have meaning. Not most effective gold, any other valuable metal, silver, is likewise soaring, exceeding 27,000 USD.
TVC:GOLDShort
by MrTrongVo
Bullish Trend Continues: Gold Market Insights A strong bullish trend is evident in the gold market. The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance. There is still liquidity to be tapped into at the higher levels. Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the market to aim for higher grounds. I maintain a completely bullish setup, with failed chart patterns and reversals on larger timeframes signaling further upward potential.
OANDA:XAUUSD
by MIA_MASTER
XAUUSD:Head and shoulders or double top Gold is currently under pressure at MA5 (2252-2254). If it breaks through, focus on the resistance of 2258-2263, and the support below is 2246-2241. If it falls below the support, consider the 2226-2218 range. If it falls to around 2226-2223, you can try to trade long and pay attention to controlling the position. The rebound resistance will be concentrated at 2232-2236. If the bulls make another effort to break through the resistance of 2258-2263, there is a high probability that it will reach a new high. Consider the 2271-2277 range, and at the same time prevent the market from forming a double top near 2270. To sum up, my overall trading idea is to short at high levels.
FOREXCOM:XAUUSDShort
by Allen_Ex
Gold's rise has reached its peak and is bound to fall After the opening of the Asian trading session on Monday (April 1), spot gold rose sharply, with the gold price reaching a maximum of $2,265, a record high. Global geopolitical tensions are one of the reasons for the rise in gold prices, and investors may consider gold as a neutral reserve asset. Strong safe-haven demand, expectations of U.S. interest rate cuts and central bank buying have given gold prices another upward momentum. The short-term cycle is currently experiencing high fluctuations, and there is demand for a pullback. Therefore, in the current short cycle, we are waiting for the end of the hourly and 4-hour bulls; then we are currently focusing on the high point of 2270, breaking through the price and continuing to surge upward. On the contrary, there will be demand for the price to fall back. My suggestion is to go short near the high price of 2265-2268 US dollars. TP: USD 2150 Second TP: $2142 SL: $2278
OANDA:XAUUSDShort
by Gold_Digger_King
2
Gold increased, setting a new record at an unprecedented highGold hit some other file top all through today`s buying and selling consultation as buyers grabbed the safe-haven asset amid growing tensions withinside the Middle East, in large part ignoring a more potent greenback and putting bets on guess on US hobby price cuts. “We see a few safe-haven call for pouring into gold, associated with the Israeli assault at the Iranian embassy in Syria,” stated Daniel Ghali, commodity strategist at TD Securities. The trendy surge in gold expenses might be additionally associated with brief promoting from own circle of relatives places of work and specific buying and selling outlets, Ghali added. Saxo Bank's Ole Hansen stated base shopping for from retail banks and valuable banks become being joined through momentum speculators, who prolonged their already increased shopping for after the gold rush. Break above $2,200. The aggregate of bullish elements has induced bullion expenses to boom almost 10% because the start of the 12 months. Independent analyst Ross Norman stated: “What makes the gold rally uncommon is that it comes notwithstanding enormous conventional headwinds together with a growing US greenback, growing Treasury yields, The opportunity of US hobby prices growing withinside the longer term.” The greenback jumped after statistics on Monday confirmed U.S. production grew for the primary time in a 12 months and a 1/2 of in March. Traders decreased bets on a June price reduce to 58% from round 60% earlier than the statistics, which beneathneath ordinary instances might have forced hobby-bearing bullion expenses equals 0. Tai Wong, an impartial metals dealer primarily based totally in New York, stated that even as the gold marketplace stays in a “fantastically bullish mood”, it possibly wishes to consolidate amid a go back to hobby. extra hawkish perspectives at the guidelines of americaA Federal Reserve (FED). ------------------ The fundamental fashion of GOLD continues to be up. With this momentum, GOLD`s growth of 2300 is reasonable. >With state-of-the-art beat, anybody waits for GOLD's response to MA to shop for once more following the fashion >Buy GOLD round Area 2275>2278 SL 2273 TP 2286>229x >Sell Surfing Gold round 2287>2288 SL 2290 TP 2280>2278 Selling rhythm is usually recommended to move for small Vol, anybody.
OANDA:XAUUSDLong
by TheLeader_WOLF
1
Already made 17K profit, continue to seize profit opportunitiesToday’s gold trading situation is as follows: 1.Xauusd: @2256-2258 Sell, SL:2266 Loss: -4000 2.Xauusd: @2263-2265 Sell, TP:2255 Profit: +5532 3.Xauusd: @2273-2275 Sell, TP:2255 Profit: +7184 4.Xauusd: @2276-2278 Sell, TP:2255 Profit: +8520 In today's gold transaction, although one of them touched SL: 2266, resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold transaction. If you also follow my trading strategy, I believe you must have also made very good profits. At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become the peak of the stage. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2260-2270 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow. 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.
OANDA:XAUUSDShort
by MagicTrader_Manuel
1
Gold Retreats from Record Highs Amid Stronger US DollarGold retreated from its recent record high of $2,265.58 per troy ounce, initially gaining ground during Asian trading hours before reversing course in European sessions. Currently hovering around $2,250, XAU/USD finds support from the robust rally of the US dollar following better-than-expected US ISM Manufacturing PMI results. Technical analysis suggests that gold may continue its correction today and in the near future as it confirms the formation of a peak. This adjustment following its sharp uptrend aligns with the natural market wave cycles, indicating no cause for alarm. Strategically selling into market momentum and observing gold's retraction for the next phase is advisable.
OANDA:XAUUSD
by CaterinaGoldTrading
Technical Analysis Points to Continued Upward Momentum for XAUSDDrawing insights from Dow Theory and personal speculation, my technical analysis indicates a sustained bullish trend for XAUUSD over the long term, with a projected peak at 2209.32 pips. Anticipating a retracement to revisit its recent low before resuming its upward trajectory, the analysis suggests a potential retest of the previous low before embarking on a journey towards the first target profit at 2197.67 pips, followed by the second target profit at 2209.07 pips. This projection aligns with ongoing market dynamics and the broader economic landscape, underscoring the resilience and attractiveness of gold as an investment vehicle amidst global uncertainties. As investors navigate through market fluctuations, a strategic approach guided by technical analysis provides valuable insights into potential price movements and opportunities for profit accumulation. With careful monitoring and adherence to risk management principles, traders can capitalize on the upward momentum of XAUUSD, positioning themselves for potential gains in the evolving financial markets. As the journey unfolds, staying attuned to market developments and adjusting strategies accordingly will be paramount in optimizing trading outcomes and achieving financial objectives.
FXOPEN:XAUUSD
by CaterinaGoldTrading
Gold price dropsFrom the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold remains theoretically capable of further testing the 2220 area. Gold's 4-hour chart shows signs of a bearish engulfing pattern forming as it retraces from highs, with a bearish bias two bars are emerging. If gold continues to decline, you should not buy at the current high level. During the decline, it is worth paying attention to the support zone around 2239 before making any decisions. If this level is breached, it could indicate that gold has peaked and any recovery could face further downside pressure. As for how low it could go, it's difficult to say, but it could be significant.
OANDA:XAUUSD
by Midas_Calista
Term Gold Trading StrategyWith the ongoing upward trend in gold, the 2257-2259 area holds crucial significance today. Failure to break through here may indicate a continued correction. I'll be looking to short gold in small increments in this zone, especially if a local double-top structure forms. Avoiding long positions near or above 2262 is prudent, as I anticipate potential downward movement. While others chase highs, I'm focused on shorting opportunities. Stay tuned for daily trading insights and signals to navigate the market effectively. Whether you're currently in losses or profits, I'm here to help maximize your gains. Follow for timely trading signals and strategies.
OANDA:XAUUSD
by AdmamTrade