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XAUUSD: Operation plan This week brings the June retail sales monthly rate, as well as eurozone CPI and ECB speeches! Today's open down 1950 position, continue to watch the pullback below 1955 continuation. The lower continuation continues to see support at the 1940 position, where support is effective, rallying again, and the upper break above 1955 continues to see resistance pressure from 1963. If the market continues to fall back, below the 1940 position, continue to see support for the 1924 position.
FOREXCOM:XAUUSDShort
by HectorBrown1
1
Keep shorting gold, keep making moneyOn Thursday, data showed that inflation was cooling but the labor market remained tight. Gold is currently hovering near a one-month high, reaching a high near 1963. The U.S. dollar index fell below the 100 mark for the first time in 14 months, its lowest level in more than a year, amid expectations that the Fed may soon end its rate hike cycle. The so-called craziest time in the market may be the most dangerous moment, especially when the US dollar has fallen below the 100 mark and the entire non-U.S. market has reached new highs, I think the danger is coming. In my opinion, the US dollar may be facing the last drop here, and it will start to reverse later. As far as gold is concerned, it is obvious that it cannot be chased at the moment. The area above 1965 is obviously suppressed by the daily moving average. Before the entity stands above 1965, gold may fall at any time. So at present, I suggest that you can short gold in batches in the 1960-65 interval. The first target is the 1948-50 area, and the second is the 1938-40 area. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
Be careful of gold rushing high and then falling backI told you in the previous article that once gold stands above 1940, gold is bound to hit 1960-65. The current market is also in line with my expectations, reaching the top range of 1960-65. Judging from the current trend of the gold structure, gold has reached the top position of the head-and-shoulders bottom. It stands to reason that this round of rebound trend should be basically coming to an end. At present, the vicinity of the 1965 position is also the suppression point of the daily and weekly moving averages, so it will not be so smooth to break through this area. That is why I reminded everyone yesterday and today not to chase long gold in the current area, and when the market is unanimously optimistic about gold, we must be particularly cautious to prevent gold from falling after a high or adjusting the market. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
CPI data will guide the direction of gold, long or short gold?Although the bullish potential of gold is strong today, my trading signal of shorting gold at the 1938-40 position also captures short-term profits very well. Now I am not trading gold, because gold is currently fluctuating back and forth between 1930-33, and there is not much profit margin, so I am not trading for the time being. At present, the gold bulls are strong, and the short-term is suppressed by the 1940 position. Whether gold will continue to rise or encounter obstacles, the CPI data on Wednesday may guide the short-term direction of gold. As can be seen from the picture, the gold station reached around 1930 and reached around 1940, so 1930 was converted from the previous suppression point to support. According to theory, we should call back 1930 and enter the market again to do long. However, according to the previous trend analysis, I think 1930 is not appropriate, because once gold says that it pulls back and falls below 1930, then gold may go around 1925-22. So I haven't been long gold near the 1930 position for the time being. Today we have made good profits in gold trading, and the crude oil orders we are holding now have also made certain profits. I believe we will get better returns in the future. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
In the process of gold rising, the band shorts goldAfter the release of the U.S. CPI data, gold rose by nearly $15 in the short-term and then fell back. So far, gold has reached a high near 1958. Gold is currently suppressed on the weekly line, and the suppression point of the upper moving average is at 1955-56. As long as the daily line closes below 1955, the market outlook will inevitably continue to pull back. Conversely, if the daily line closes above 1956, then it will continue to test the suppression point near 1965. Therefore, above 1950, I definitely do not recommend that you continue to chase long gold. At present, the position below 1949 is very important in the short term. If it falls below the 1949 position on Thursday, then gold may continue to fall to the 1938-37 area, followed by the 1930-27 area. Therefore, if you continue to trade gold at present, I do not recommend chasing long gold directly. On the contrary, you can enter the market to short gold at 1956-58. The first target below is 1949, followed by the 1940-37 range. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
Look for opportunities to do long gold and make 100% moneyToday, with the support of CPI data, gold broke through the 1950 integer mark in one fell swoop, and the gold bulls have an absolute advantage. Before the release of the CPI data, I have reminded everyone that the CPI data is not easy to predict, but there is a high probability that it will be bullish for gold, and according to the current structural trend, gold will definitely try to hit the 1960-65 resistance area. Therefore, in the current transaction, we are also mainly long gold. Today, before the announcement of the CPI, I would like to inform everyone that the price limit transaction for long gold is set near the position of 1922, which is also to avoid the market from going up and down. But it is a pity that gold did not make an effective correction after the data was released. Instead, it rose all the way. Unfortunately, our limit order was not triggered, so we regrettably missed the profit. However, if you don't lose, you earn. There are many trading opportunities in the market, as long as our trading thinking and logic are correct. I think we'll get a better profit on the next deal. For more trading signals and trading plans, you can follow the bottom of the article to view details!
OANDA:XAUUSDLong
by Trader_Christofer
Seize the opportunity of short-term shorting goldI reminded in the previous article that this week is likely to be an opportunity for bulls to set sail, and gold will definitely challenge the 1938-40 resistance area. Clearly gold is moving pretty much in line with my expectations and is currently challenging my expected resistance zone. Well, gold is currently challenging the 1938-40 resistance area and has failed to break through many times, so gold is likely to fall here in the short term to gain momentum. I also reminded in the article yesterday that it is relatively safe to short gold at least in the area around 1935, so in short-term trading today, the trading strategy I announced today is: Xauusd: @1938-40 Sell, TP: 1930 We still continue to hold the transaction order and have already made a small profit. I think this is a good phenomenon, and it is very likely to reach my expected profit target. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
Must be long gold, 100% make moneyYesterday and today, I specifically reminded that gold can be long gold around 1920. Although gold has fallen back, we still have some profits. As of today, the current lowest level of gold has just reached around 1920. The position of 1920 is a magical position, and I am 100% going to be long gold in this position. First of all, from the perspective of the daily line, gold is supported by the short-term moving average at the position of 1920 and 1917; in addition,I mentioned in my article last week that the hourly level and the 4-hour level have respectively stepped out of the head-and-shoulders pattern, and are currently developing according to the trend I drew. So if 1910 is the main shoulder, then 1920 may be the secondary shoulder. As long as the entity closes above 1920, the first goal is to look at 1935-40 as in the previous trend. The top is here at 1960-65, which is exactly the same as our daily analysis above, forming a resonance. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
Long gold is 100% profitable trading strategyOur overall profit last week was very good. In the case of an average transaction volume of 2 lots, we also made a profit of 10K last week. Of course, if your transaction volume is more, the more profit you will definitely earn , indicating that our trading strategy is very effective. After touching around 1935 on Friday night, there was a short-term correction trend, and it remained around 1925 as of the close. Looking at the trend next week, I am still bullish on gold, and gold is bound to reach 1940. From the chart, 4 hours is an obvious head-and-shoulders pattern. 1910 is already confirmed to be the shoulder position. This may be a low point. I predict that the probability of gold falling below 1910 is very small. , if it does fall below 1910 again, then the trend will change. At the beginning of next week, we will focus on the support of the 1920-15 area, because judging from the previous trend, it is also a trend to pull back to the support of the 1920-15 area after touching the 1930-35 area, and then go up again. Therefore, next week, I suggest relying on entering the market near 1920-15 to do long, with a defensive stop loss below 1910, and the upper target first looks at 1940, followed by the top position of 1965-60. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
1
Profitable trading strategy: Short goldToday must be a day full of opportunities for the gold market. Gold fell to the lowest line of 1915 yesterday. This round of rebound has basically come to an end, so gold has returned to the bearish trend. Later, the US ADP data and initial jobless claims data will be released, which will affect the gold market, and this is also a very good opportunity for us. The current short trend of gold is relatively stronger, so we are more inclined to short gold in operation. In the current short-term structure, we need to pay attention to the resistance of the upper 1923-25 area and the lower support of 1910. Therefore, in terms of future market operations, I suggest that you can continue to enter the market around 1922-24 to short. Below is the first look at 1915, followed by the situation of 1910 breaking positions. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
1
Continue to do long gold at a low levelThe gold trading signal I announced today is to do long gold near the position of 1921-1923, and successfully reached our profit target position of 1928, and achieved good profits. From the perspective of the US dollar, the US dollar has been suppressed around 103.4 and failed to break through. Therefore, from the perspective of space and time, the probability of the US dollar falling next is very high. So from the perspective of the US dollar, we must focus on doing long positions at low prices for non-US products. According to the gold structure, the current short-term support is at the 1919-1920 area, and it should not fall easily in the short term, and the current 1930 position needs to be broken through, and from the range point of view, the 1930 position is not the short-term top position, 1937-1940 is the current short-term top position. So gold still has the potential to break through upwards. Therefore, in terms of future market operations, I suggest that everyone can continue to enter the market around 1920 and do long. First look at 1930 at the top, followed by the 1937-1940 high point. For more trading signals and trading plans, you can follow the bottom of the article to view details!
OANDA:XAUUSDLong
by Trader_Christofer
Patiently wait for the callback to do long goldThe U.S. market is closed today, so the gold market will end early, and it is expected that there will be no relatively large fluctuations during the day. However, the gold long order we bought in the 1910-1912 area today successfully reached our profit target 1918 position and achieved relatively good profits. According to the current trend of gold structure, after the rebound on Friday and today, the bullish momentum of gold is still there.From the hourly chart, gold is currently showing a rising flag, and the support we see is almost in the 1920-1915 area, so what we are waiting for next is this range,if gold pulls back to this position, then we will have the opportunity to be long gold again. Of course, if the trading style is aggressive, you can choose to short gold around 1930-1932, and look at 1920-1915.If you are stable, I still tend to wait for the gold to pull back and go long, and the target is 1937-1940. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
1
Short-term continuation of bullish momentum, long gold!I reminded everyone very early today that gold still has bullish potential today. For short-term trading, we can fully rely on support levels to do long gold. Today I am long gold in the range of 1910-1912, and I have reaped relatively good profits so far. XAUUSD: @ 1910-1912 Buy, TP: 1918 At present, gold maintains a volatile structure, but with the rise last Friday and an effective breakthrough, and today's multiple downward tests failed to break below short-term support, so gold still has the momentum to rise.Then we can continue to hold the long positions we currently hold, and wait patiently for the profit target to be reached. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Christofer
Keep shorting gold after waiting for gold to reboundIn gold trading today, gold did not reach the 1916 line where we expected to be short, but we have won a rebound profit very well. We were long gold in the 1894-1896 area, and successfully reached our expected stop profit target line 1903-1905, and also obtained relatively considerable profits. At present, gold is fluctuating around the 1910 position as I expected, and there is no good trading opportunity to participate. I think many people are eager to short gold again around 1910, but according to the current gold structure trend, gold may be supported around 1905, and this wave of rebound may not be over yet. So we are not in a hurry to participate in shorting gold for now. Overall, we are still bearish on gold, so I still tend to be short gold after rallies. Steady Trader: XAUUSD: @ 1916-1918 Sell, TP: 1905 Aggressive Trader: XAUUSD: @ 1922-1925 Sell, TP: 1905 For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
Continue to short gold after rebound,100% make moneyIn recent trading, our gold short position has reached our take profit target many times, very good trade. The current lowest point of gold has dropped to around 1902, and gold has rebounded repeatedly by relying on the 1900 mark, which shows that 1900 still has a certain support for gold, so gold will inevitably bottom out and rebound. Therefore, it is impossible to chase short positions at this position, and there is a high probability of a rebound here. However, the current trend of gold is still biased toward the short run, so after the gold rebounds, we can participate in shorting gold. Aggressive Trader: XAUUSD: @ 1916-1918 Sell, TP: 1905 Steady Trader: XAUUSD: @ 1922-1925 Sell, TP: 1905 For more trading signals and trading plans, you can follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by Trader_Christofer
XAUUSD: Sell In the past three weeks, gold has been oscillating in the 1970-1930 area. Within this range, 1940, 1955, and 1969 have been tested repeatedly. Yesterday’s closing price was around 1958, which is considered to have broken through the resistance of 1955. However, in the 1h chart, the form of MACD is at a high level, with a downward trend, and the K-line arrangement has a head-and-shoulders trend. So in yesterday's trading, after the end of the short trading in 1961 and 1960, my strategy is still to short at high positions. Because if it forms a head and shoulders top pattern, then it must fall below 1950. Trading Signals: sell: 1958-1963 tp:1953-1938
FOREXCOM:XAUUSDShort
by Roey_
XAUUSD: Sell Yesterday, gold was resisted at 1939. When the news about Powell appeared, it quickly fell below 1920, and then rose rapidly. Haha, Powell is really a great helper for the bears. There is still important data today, and Powell will attend the hearing again. Guess, will gold fall today? Except for the fundamentals, in the technical form and 2h chart, MACD has a tendency to form a dead cross. If it is formed, let’s look at the support near 1913 first. I will post my views on the channel later, and you can watch it.
FOREXCOM:XAUUSDShort
by Roey_