Gold trends and signals to share next Monday
Gold has been in shock last week. Of course, my daily analysis almost always makes profits from the shock.
Gold is still in a long-short battle. I will continue my short selling thinking on Monday
Recommended selling range:
sell 2032-2035 tp 2027-2024.
Combined with next week's news. I think gold will test the pressure above and below.
I will update my analysis every day, so please pay attention and join me to get the latest trading strategies.
Xauusdsell
XAU/USD Shorts from 2030.000 or 2052.000Gold has experienced choppy price action, likely due to the recent attainment of all-time highs. Currently, it's caught within a range, with a breakout anticipated soon given the substantial liquidity buildup on both sides of the market. However, my focus is primarily on short-term selling opportunities, aiming to drive prices towards the 1990 mark.
I've identified two potential points of interest for potential sells: the 20-hour supply zone near current price (A) and another atop the Asian high where supply (B) resides. Although there are equal highs and the possibility of upward movement, I anticipate the next significant bullish rally to originate from the daily demand at (C).
Confluences for Gold Sells are as follows:
- Lots of Asian lows below as well as a daily demand that needs to be mitigated.
- Build up of liquidity needs to be swept before price decides to make a new bullish rally.
- For price to maintain its bullish trend it must come down to a valid demand i.e. (C)
- Clear supply zones are remaining, indicating potential selling opportunities and the possibility of a distribution pattern forming.
P.S. I maintain a bullish outlook on gold; however, current trading conditions indicate a consolidation phase. My approach is to wait for an A-grade setup to materialize in either of my supply zones. If such a setup occurs, I'll consider selling down to the daily demand zone.
Have a great trading week and stay cautious. Don't have FOMO let the opportunities come to you!
Gold meets resistance, 2039SellThe market rebound is just a rebound, definitely not a reversal, especially the daily trend, the K-line is big short, the rebound is just an adjustment, and it will inevitably fall sharply.
The support level below the K-line is obviously around 2015, and even breaks through 2000 points. Everything is inevitable. Radicals are directly short at 2035, and the resistance above is at the 2050 line. If we hold this bottom line, we are Stud short.
The daily level is short, and it is also an obvious head and shoulders top pattern. After the positive line rebounds, the big negative line directly breaks through and goes downwards. This is a trick of the banker. I have already seen that gold will inevitably reach around 2015 during the day.
Trading strategy: Gold 2039 short, target 2015
Gold’s rise is weak, 2028SellThe trend chart at the daily level is still in a short position. We adjust Sell in time. The two big negative lines on the daily line directly block the road, and the K-line rebound is also weak. Of course, the daily level is also in the form of a head and shoulders. We continue to target 2009. first line
The market obviously still lacks momentum. This kind of rebound has broken down when the big negative line near 2030 has been swallowed downward. The 50 moving average is also running in the country. The rebound is empty, and you are ready to plummet.
Trading strategy: Gold is short in 2028, target is 2009
🥇Gold🥇Will Go Down by Evening Star Candlestick Pattern📈 Gold failed to break the 🔴 Resistance zone($2,052_$2,043) 🔴and finally lost its Uptrend line.
💫 Gold has completed its pullback to the Uptrend line with an Evening Star Candlestick Pattern .
🔔I expect Gold to continue falling after breaking the Support lines , at least to the 🟢 Support zone($2,010_$2,004) 🟢.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
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Gold Tuesday trends and trading signals shared
In yesterday's post, I mentioned that the gold price increase on Monday will continue Friday's decline. Because of Powell's hawkish speech. Gold fell directly when it corrected to 2042, hit 2014, and then corrected to around 2026. Tomorrow I think gold will test the 2028-2032 range upwards and then continue to fall.
So I give the following trading strategy:
sell2028-2033 tp2020-2015-2010-2008.
If you are interested in my analysis, you can join me and I will update my ideas and signals in real time.
Accurate signal analysis of gold next week.
The highest price of gold this week was 2065. On Friday, non-farm payrolls did not break through 2065 and fell directly from 2057 to 2027.
If gold falls back to the 2048-2055 range at the opening of next Monday, you can sell gold. It can be bought in the short term based on the vicinity of 2030.
Gold trading strategy suggestions:
SELL 2045-2050 tp2035-2030 sl2056
BUY 2028-2030 tp2035-2038 sl2025.5
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I will keep updating my analysis and tallying the winning percentage.
Gold price in early February, sideway, stable accumulation ✍️ NOVA hello everyone, Let's comment on gold price next week from 5/2 - 9/2/2024
🔥 Identify:
After the information that interest rates will continue to remain the same and not decrease in March. Selling pressure has increased, Gold prices have not been able to have strong growth and continue to sideway above the $2000 price range.
Some important news worth noting this week are: Fed Chair Powell Speaks, PMI, Unemployment Claims,..
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2050, $2060
Support : $2001
🔥 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-Next move. Short idea!Gold sell idea.
Entry: 2046.30
Stop loss: 2052.50
Take profit: 2020.00
Explanation: Given the outcomes of the Wednesday's Fed and Friday's NFP, Dollar set the bullish sentiment for the month of February. I'll be looking for shorts for the whole month ahead, starting with Monday 2046.30 sell limit. Reason for entry: Retracement from Friday to create a new weekly high tomorrow, 61.8% fib which is also Friday NY retracement zone.Stop loss is put above the 78.6% fib, if I get taken out, I'll look for shorts at 2053.00-2055.00. Take profit is the first fibonacci target, which is 2020.00, a little below where volume is sitting at (2025.00). The trade is 4.3 RR. There will be no high impact news this week, only some Fed member speeches and Today's Powell discussion on Inflation and Interest Rates.
Cheers!
XAU/USD Shorts from 2052.000 or 2072.000 back downMy outlook for gold this week leans towards a potential retracement following its recent upward bullish momentum. I anticipate a temporary sell-off from the 15-hour supply zone I've identified, or a scenario where the equal highs gets taken and reaches the 4-hour supply zone above. Additionally, there's a trendline forming below, coupled with numerous untouched Asian lows.
While this temporary bias diverges from my overall outlook, I'm particularly intrigued by the possibility of a significant buying opportunity around the 1990.000 level. Should the price not reach that point, I'll patiently await for a new, clear demand zone to consider as a potential buying opportunity.
Confluences for Gold Sells are as follows:
- Price swept liquidity and formed a 15-hour supply zone that's been unmitigated.
- Nice trendline liquidity has been building below that needs to get taken.
- Lots of Asian lows below as well as a daily demand that needs to be mitigated.
- Price has been moving very bullish and is due for a pullback/retracement.
P.S. Given that this is a counter-trend concept, I'll exercise extra caution and ensure that all my confirming factors align before proceeding. Additionally, I'll reduce my risk accordingly. The objective is to initiate sells aiming towards a better demand zone.
HAVE A GREAT WEEK TRADERS!
Gold price encounters resistance, current price is 2056SellThe price of gold is still in a volatile trend. Yesterday, it fell rapidly to the support of the trend line. Although the trend line was broken, it was in fact an inertia break and was not effective. The subsequent rapid rise has caused the gold price to return to the volatile range again, and we also made a very good profit by buying at 2032 yesterday. It is currently in the upper range of the volatility, so we can sell it at the current price of 2056!
From a technical point of view, the current negative line of the one-hour K-line is reversed, and the short-term trend is weak. The support of the bottom moving average and the trend line deviates too much from the gold price. In the short-term, the gold price has a need to fall back. The short-selling trend reaches the bottom of 2040 and then the trend line support is reached. Make further layout!
Specific strategy: Gold 2056Sell, target 2042-2040
Good luck to everyone
XAUUSD- likely to increase strongly todayGold Last night time there has been information that Manh completed decreasing Manh`s rate through 10. Currently Gold is growing once more in step with the trend.
>Last night time, all people looking Gold certainly noticed that Gold dropped to Ma89 in H1 after which extended once more.
> Currently, I see Gold has extended. Everyone can watch to shop for GOLD once more across the Price Range 2040>2042
SL 2038
City 2050>2056
> I Haven't Watched Sell This Rhythm Everyone Shouldn't Sell This brief section may be very smooth to dictate and hard to handle
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At remaining, the spot rate of gold withinside the US marketplace extended via way of means of 4.five USD/ouncesin comparison to Tuesday`s remaining session, equal to an boom of greater than 0.2%, remaining at 2,040.five USD/oz. During the session, at instances the rate of gold extended greater than 1%.
Gold expenses fell 1.three% in January, however maintained the important thing mental threshold of $2,000/ouncesat some point of the month.
At the quit of the primary normal economic coverage assembly of 2024, the Fed stored the federal budget price unchanged at five.25-five.five% - a choice that changed into now no longer unexpected. However, withinside the press convention after the Fed assembly, Fed Chairman Jerome Powell denied the opportunity that the Fed might begin lowering hobby prices proper withinside the first quarter - some thing the monetary marketplace has been hoping for recently.
“I do not suppose via way of means of March the committee could have reached a degree of self assurance sufficient to decrease hobby prices,” Mr. Powell said.
Independent treasured metals analyst Tai Wong in New York commented that Mr. Powell made a few smooth statements, however the important message in his press convention changed into still "no hobby price cuts in March."
According to Mr. Wong, it has up to now coped pretty nicely with the opportunity that the Fed will begin lowering hobby prices later, however withinside the close to future, US monetary records will strongly have an effect on gold expenses.
Having misplaced wish of the Fed's first hobby price reduce in March, investors at the moment are having a bet specially at the opportunity of a Fed price reduce from May. Overall self assurance that the Fed will reduce hobby prices this yr continues to be a aspect helping gold expenses.
After the Fed assembly, 10-yr US Treasury bond yields fell under 4%, the bottom in three weeks. However, the Dollar Index measuring the electricity of the USD in comparison to six different main currencies extended to 103.eight points, the best in 6 weeks. These elements create contrary consequences on gold expenses: falling yields help gold expenses, however the growing USD places downward strain on treasured metallic expenses.
Today continues at 2038SellThe four-hour gold line is an obvious bearish engulfment. The big negative line entity directly covers the rebound range of the positive line. Especially overnight, the gold bulls once rushed to the 2048 line, and a big negative line covered it all. This is the strength of the short sellers, and the K-line is bound to return. Moving average, this is a matter of course, the K-line rebound is to accelerate the downward trend
Trading Strategy: Gold 2038Sell, Target 2022
January 2024, Gold price remained stable above $2,000⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The financial markets are anticipating that the Federal Reserve (Fed) will maintain interest rates at a range of 5.25–5.50% during its upcoming January meeting. However, traders will closely watch the press conference for any indications from Fed Chairman Jerome Powell regarding a potential rate cut in March. If such signals are given, it could lead to selling pressure on the US dollar.
According to US officials, a drone attack on American forces stationed near the Syrian border in northeastern Jordan resulted in the loss of three US troops and numerous injuries. This incident has contributed to an escalation of tension in the Middle East, which may increase the demand for safe-haven assets like gold.
⭐️ Personal comments NOVA:
Gold prices in the Asian session on Monday are tending to increase slightly but will continue to move sideways to wait for new motivation from interest rates
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2006 - $2008 SL $1997
TP1: $2015
TP2: $2022
TP3: $2030
🔥SELL GOLD zone: $2032 - $2034 SL $2040
TP1: $2028
TP2: $2024
TP3: $2019
⭐️ 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 Shorts from 2030.000 down towards 1990.000My outlook for gold this week leans bearish, and I'm on the lookout for nearby shorting opportunities to drive the price towards the daily demand zone. Presently, I'm eyeing a clear 5-hour supply zone as a potential selling point. I'll be patient, waiting for a Wyckoff distribution pattern to unfold within this area before considering entry for my sell positions.
The presence of this supply zone has triggered a slight shift in momentum to the downside and left an imbalance, indicating its strength. However, I'm mindful of the trendline liquidity above the zone, which might attract price action to breach it, possibly prompting a reaction from the 22-hour supply zone above.
Confluences for GOLD Shorts are as follows:
- Price is approaching a 5hr supply zone that has caused a CHOCH to the downside.
- Theres an imbalance below that needs filling as well as some liquidity that can be taken.
- Zone also lies within the 0.78 fib range and price is also at a psychological level of 2030.
- Theres lots of liquidity to the downside that needs to be swept as well as an imbalance.
- Price has been moving temporarily bearish short term so this is pro trend idea.
- sentimental analysis also shows that gold is bearish as well.
P.S.While I hold a temporary bearish stance and focus on the 5-hour supply zone, I'm also considering the possibility of price declining without touching my zone to break its structure and reach the daily demand area. In such a scenario, I'll be on the lookout for buying opportunities to ride the upward movement.
Gold 2023 Current Price SellThe fluctuations in gold's initial jobless claims data yesterday were very average. The data could not directly change the direction of gold prices. Gold has not yet come out of the volatile range. In addition, the gold price is currently close to last night's high pressure level of 2025. Considering that the gold price will still remain unchanged in the future. The volatile trend will continue, so I think we can sell it directly in 2023!
Technically, the current one-hour K-line has pierced the pressure of the moving average, but it is not enough to directly break through and stand firm. The moving average currently shows a dead cross and diverges downwards. Technically, it shows a bearish trend. We will look at the short-selling targets first. Support 2010 towards last night's low!
Gold 2023Sell, stop loss 2031, target 2010
Good luck to everyone
Continue to wait for the rebound to 2038Sell2038 is the key resistance level, which has been fully verified in the previous two high Sell signals. Yesterday we chose this position to sell again. Although it did not reach the target price of 2020, the lowest price reached 2022. The profit margin is very good.
Today is no exception. I will continue to choose to sell in this position. In short, we will participate if we have the opportunity. If we are not given the opportunity, we should not be anxious. Only make deterministic profit signals and not uncertain loss signals. If you are not sure, it is better to give up and wait for better opportunities rather than blindly participate.
Trading strategy: Gold 2038Sell, stop loss 2044, target 2020
Good luck to everyone
💡 XAUUSD: Retest the lower resistance zoneA sharp interest rate cut by the Federal Reserve will have a negative impact on the US dollar, and even a moderate loosening policy can cause the US dollar to decline. If economic activity and inflation are lower than expected, the Federal Reserve could reduce interest rates. A strong USD is unlikely to return, and gold prices may continue to fluctuate amid clues about the FED's first interest rate cut.
We can see gold retreated after failing to recover and running near the 48-hour moving average on the H4 chart. In addition, the MACD double line and the energy column hover around the zero axis. If central banks maintain a common view that interest rate cuts will be implemented as soon as possible, this could put pressure on gold from yield perspective. Currently, the SELL strategy can be applied, requiring stop loss.
XAUUSD had a 2-input liquidity sweep last night but still returnGold This morning has Recovery Rate again to the 202x area.
With the fashion in H4 and D1 as I see it, at this charge Gold can nonetheless fall further. I nonetheless count on that there might be a deep decline in Gold to the 19xx area.
>Today`s model of the complete residence on the market across the area, priced 2022>2024
>SL 2026
TP2014>2000
Please plan this fee in line with H4 👌
Today is Friday weekend. I additionally propose investors to be cautious to keep away from dropping final week's profits.
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Gold fee forecast
Many analysts trust that the Fed retaining excessive hobby quotes will push up the fee of making an investment in gold, lowering the enchantment of the valuable metal.
Another organization of analysts stated that withinside the lengthy term, gold fees will continue to be excessive, even growth sharply whilst the war withinside the Middle East has unfold to the Red Sea. So gold nonetheless creates a few call for for conventional safe-haven assets.
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News:
Many professionals consider that falling oil charges and the growing USD are elements which might be negative to gold charges. However, gold charges nevertheless hold their present day rate degree because of the weak spot of the inventory market, in addition to the robust decline of Bitcoin. At the equal time, inflation and geopolitical dangers additionally make traders have a tendency to search for this secure haven tool.
George Milling-Stanley, leader gold strategist at State Street Global Advisors, analyzed that if inflation is contained, gold charges will stabilize above 2,000 USD/ounce for the duration of 2024.
However, all traders` interest is centered on the imminent economic coverage assembly of the United States Federal Reserve (Fed). Many forecasts say that the Fed will probably tighten coverage extra strongly to reduce excessive inflation.
Any symptoms and symptoms of recuperation withinside the US financial system will provide the Fed extra room to preserve hobby prices better for an extended time, analysts note.
In addition, many professionals are expecting that during the imminent assembly, valuable banks of numerous international locations will preserve hobby prices at the best degree in 23 years.