Key factors from the Fed meetingEconomists in large part assume the Federal Reserve to hold hobby quotes unchanged withinside the 5.25-5.50% range.
Risks lean in the direction of a much less dovish outcome, with the opportunity of the Fed`s midpoint for 2024 growing to 4.9% or simply fee cuts for 2024.
GBP/USD's preceding support-turned-resistance at 1.27100 may want to placed a short-time period ground below costs and gas a healing this week
Now the Fed continues exports unchanged and gold will increase
Xauusdsetup
XAUUSD:Mainly going short tomorrow
Today's short trade was very successful, I hope everyone made money.
Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling.
Strong resistance is at 2180-2186. From a trend perspective, the probability of breaking through here is low. Unless there is better news favorable to bulls, trading will continue to be dominated by shorts.
Consider the 2145-2134 range below, followed by the vicinity of 2128.
The above is tomorrow’s trading strategy. If you have any questions, please leave me a message.
I wish all my friends who follow me can make satisfactory profits.
Xauusd traits todayGold has spoke back to uptrend resistance and will be at risk of a few recuperation here. That said, buying and selling stays optimistic whilst on this pattern. From a buying and selling standpoint, losses must be confined to 2114 IF charge is shifting better this time round with a near above 2180 wished for a follow-through.
Note that the FOMC hobby fee choice may be introduced subsequent week, wherein we get up to date monetary forecasts associated with growth, inflation, and employment. As always, the dot plot may be below unique scrutiny as markets verify the chance of decrease quotes this year. Catch up on launch facts and tune weekly closes here. Review my cutting-edge Weekly Gold Technical Forecast for an in-intensity study the longer-time period view of XAU/USD buying and selling levels.
XAUUSD:With multiple tops, shorting is the right choice
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.
Gold Trade Idea Gold Market Trade Idea: Descending Triangle Breakout
📉 Pattern Overview :
The descending triangle pattern is typically considered a bearish continuation pattern. It is characterized by a flat lower trendline that acts as support and a descending upper trendline that indicates lower highs. This pattern suggests that sellers are more aggressive than buyers, leading to a potential breakdown below the support level¹².
📐 Current Observation:
Gold has been forming a descending triangle, indicating a consolidation phase with a potential for a downward breakout.
💡 Trade Strategy:
Entry Point: Look for a strong break below the support level with increased volume as a confirmation of the pattern completion.
Stop Loss: Set a stop loss just above the most recent lower high within the triangle to limit potential losses.
Take Profit : Measure the height of the triangle pattern at its widest part and project this distance downward from the breakout point to estimate the take profit target¹.
📊 Risk Management:
Ensure proper risk management by not risking more than a small percentage of your trading capital on this single trade.
🔍 Keep in Mind :
While the descending triangle pattern suggests a bearish outlook, be aware of potential false breakouts. It's crucial to wait for confirmation before entering the trade.
Remember , this is a trade idea based on technical analysis patterns. Always consider the latest market news and fundamental analysis before making any trades. Happy trading!
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XAUUSD fee nowadays March 14, 2024 plummetedXAUUSD these days March 14, 2024 withinside the international became to boom once more after a consultation of decline. SJC gold bars and gold rings, after a consultation of decline, face the danger of falling similarly if the State Bank takes intervention measures. Finance Banking Gold fee these days March 14, 2024 plummeted, approximately to fall similarly? Manh Ha • Gold fee these days March 14, 2024 withinside the international became lower back up after a consultation of decline . SJC gold bars and gold rings, after a consultation of decline, face the danger of falling similarly if the State Bank takes intervention measures.
XAUUSD:Data will be positive for gold bears
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk.
Because the market has already experienced a surge, short sellers are likely to use the data to stimulate a strong sell-off.
If it is beneficial to the gold bulls and the bulls take the opportunity to counterattack, to regain the advantage, they must break through the resistance in the 2180-2186 range, and the fluctuations will be huge.
Therefore, friends who follow, please do a good job in risk management and don't let your account be blown.
GOLD TRADE IDEAHere's a trading idea for gold, considering the 30-minute candlestick pattern and the upcoming important economic data release:
Gold Trading Idea: Navigating Economic Data Release
Observation :
- The 30-minute gold chart has formed a significant candlestick pattern, which traders should monitor closely as it may indicate potential market movements.
Strategy :
1. Entry Point: Observe the market reaction to the upcoming economic data. If the data is positive and gold breaks above the pattern, consider a long position. Conversely, if the data is negative and gold breaks below the pattern, consider a short position.
2. Stop Loss : Place a stop loss at a level that invalidates your trade hypothesis, typically beyond the pattern's extremes.
3. Take Profit: Set a take profit target that aligns with previous support or resistance levels, or use a risk-reward ratio of at least 1:2.
4. Risk Management: Given the volatility expected from the data release, maintain strict risk management protocols and do not risk more than 1% of your capital on the trade.
Rationale :
- Candlestick patterns can provide insight into market sentiment and potential reversals or continuations.
- The release of significant economic data can cause heightened volatility and directional moves in the gold market.
Note :
- It's crucial to wait for the data release before entering the market, as it can significantly impact gold prices.
- Be prepared for increased volatility and ensure that your followers are aware of the risks associated with trading around economic data releases.
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This idea is based on technical analysis and should be used in conjunction with your own research and risk management strategy. Always stay informed and adjust your trades accordingly. Happy trading! 📊📈
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XAUUSD:Go short first, then go long
In terms of technical form, shorts have the advantage. The current main transaction is shorting. After the decline, a small number of long transactions are added to make small rebound profits. In terms of the general trend, we only need to short.
If your account is large enough and well funded, you can even hold some short positions until around 2090.
Stay tuned as I will continue to share my trading strategies and please contact me if you need specific trading signals.
GOLD forecast (XAU/USD) tomorrow and this weekGold is a commodity and an global equivalent, tied to the fee of world currencies and different assets. The benefits of gold are that it's far to be had in restrained quantities, has business uses, and is used as a part of the gold and forex reserves of many vital banks. Unlike currencies and stocks, gold will in no way lose fee. On the contrary, due to the fact gold is rare, it's going to best get extra costly withinside the lengthy run. The position of gold in buying and selling relies upon on lengthy-time period investment. This is a shielding asset; Its charge will increase in the course of worldwide crises, whilst the charges of inventory indexes and currencies towards the USD fall. When the worldwide financial system is developing positively, gold charges decrease.
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that the information presented is intended solely for educational purposes and should not be interpreted as financial counsel.
Buy gold at the price of 2154-2157! Must view
Morning view on March 8
Review yesterday's market. Gold is still very enthusiastic. The bullish trend is obvious. It can still hold above 2147 after a series of news such as (U.S. initial jobless claims for the week) (Powell’s speech) and so on. It proves that the bullish sentiment in the market is high. During this period, the market had failed to stabilize at a high of 2160 due to regional wars (peace talks) and the recovery of New York community banks. It quickly fell back to the 2150 line. Perhaps many people thought that this correction must be substantial, but they did not expect the strength of the bulls. Finally, it closed at 2160.
TVC:DXY
After the start of the Asian session, the market rose slightly upward again, but did not gain a firm footing. As of the European market, it currently remains at 2157.
I believe many friends will want to make a fortune before and after the non-agricultural data today. Yes or no?
In fact, my personal view is that non-agricultural sectors will have a big market trend. However, non-agricultural development is a double-edged sword. There is no doubt about this. You can make money and you can lose money. But after reading my point of view, it may give you good guidance, so keep reading! ACTIVTRADES:GOLD ACTIVTRADES:GOLD OANDA:XAUUSD NCDEX:GOLD
Depends on the current trend. Bulls are still strong above gold. In conjunction with ADP guidance. I think today's non-agricultural data will still be positive for gold. At the same time, Biden also spoke in the early morning: The Houthi armed forces must be attacked. In other words, the influence of geopolitics has not declined. This coincided with the rate cut in June. Although it is delayed, this is undoubtedly good news for the rise of gold. TVC:GOLD MCX:GOLD1! CAPITALCOM:GOLD FXOPEN:XAUUSD
Let’s take another look at the current market chart. Whether it is the 1 hour chart or the 30 minute chart. The market is at a high level and fluctuating sideways. The upper pressure exists at the top and fails to continue to break through. But if there is a breakthrough, there is still a lot of room. The bottom is almost the range support maintained near 2145-2147. So consider it all. I think the market is still dominated by buying.
Whether you are a risk-taking trader or a steady trader, you can buy at 2154-2157 and make some good profits by buying.
There is a lot of space above. You can close when the profit reaches your expectation. The support below is currently at the 2147 line. So pay attention to controlling your positions when trading. There will be no shortage of multi-batch buying opportunities.
This is the view of the Messenger. Want to stay informed about future trading opportunities? So stay tuned. I will continue to update.
XAUUSD (Gold) Technical AnalysisXAUUSD Gold has recently surged to a level that corresponds with its previous all-time high. A careful examination of the daily chart reveals that the price has become significantly overextended. In our comprehensive video analysis, we delved into the prevailing trend’s price action and market structure. Notably, we explored the potential scenario of gold retracing to a discounted zone, specifically within the Fibonacci retracement levels of 50% to 61.8%. Should such a retracement occur, it could present an attractive buying opportunity for traders.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading in financial markets involves inherent risks, and past performance is not indicative of future results. Before making any investment decisions, consult with a qualified financial professional and consider your risk tolerance, investment objectives, and market conditions. The author and any associated parties shall not be held liable for any losses incurred based on the information provided in this analysis.
Gold Price to Cool Down? Are you guys Shorting GOLD {16/01/24}Educational Analysis says XAUUSD may move in this range for some time according to my technical.
Broker - FxOpen
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because Gold Made a lot of gains last year 2023, May is a time to push down a bit and there will be a lot of liquidity.
Although it is in an uptrend, the market may come down to collect sell-side liquidity and fill fair value gaps. Then shoots up to the new high.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
XAUUSD: 900 Pips Buying Opportunity! One not to miss! OANDA:XAUUSD price breakthrough 2060$ area and now touched 2080$ region, price rejected where there are equal highs surrounded. Now we expect price to fill the liquidity void area and then continue the bullish trend up until 2150$ which is around 700 to 900 pips move. Let’s see how it works out.
Comment down your views!
GOLD Trying To Create New L.H & L.L , Bearish In Control Soon !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.
World markets face selling pressureGOLD is presently growing to the rate of 2026. As I cited yesterday, GOLD is presently absolutely on an uptrend.
Today I reminded all people of Canh to shop for GOLD across the 2020>2022 area
Today, all people maintains to shop for GOLD in relation to this rate.
I will add a video with targeted feedback and evaluation soon.
Everyone, please observe this advice for trading!
---------------NEWS--------------
World gold costs generally tend to quiet down below promoting strain after four consecutive growing sessions.
However, the sector gold rate remains pretty strong above the edge of 2,020 USD/ounce and isn't predicted to boom in addition after the USD stabilizes. In addition, the height season for sturdy gold intake in Asian markets is fading away. The marketplace can also remain quiet as expectancies approximately the United States Federal Reserve`s (Fed) economic easing cycle remain driven back.
Recorded through The World & Vietnam Newspaper, at nine:15 p.m. on February 22 (Hanoi time), the sector gold rate turned into indexed at 2,024.10 - 2,025.10 USD/ounce, down 1.6 USD/ounce in comparison to right away previous buying and selling session.
* The global gold rate transformed on the bank's USD alternate charge is presently equal to 60.nine million VND/tael (inclusive of taxes and fees), approximately 17.three million VND/tael decrease than the rate of gold bars bought through SJC withinside the afternoon. .
The global gold rate is presently approximately 11.1% higher (204 USD/ounce) in comparison to the start of 2023. Investors are presently seeking out clues approximately whilst the Fed will reduce hobby prices for the primary time in view that March 2022. Many forecasts say that the Fed will decrease hobby prices at its June meeting.
In the lengthy term, the USD will lower following the Fed's hobby charge cuts. Gold costs hence improved rapidly. Gold is likewise supported through feasible extended instability in Ukraine and the Middle East. There aren't anyt any symptoms and symptoms that geopolitical tensions in those regions will quiet down every time soon. Gold costs are forecast to be supported through bodily gold call for in lots of countries.
XAUUSD (Gold) Technical Analysis and Trade Idea
See my previous post (video) for a full explanation). #XAUUSD GOLD has exhibited recent bullish momentum.On the 1D timeframe, price action demonstrates a pullback approaching a key resistance zone. Further upside appears likely early in the week, with potential for Gold to advance into nested distribution levels across the 4H & 1D timeframes offering a potential sell opportunity.
This analysis reflects my individual market assessment for informational purposes. It does not constitute explicit financial advice. Independent research and comprehensive risk management are crucial before executing any trades.