GOLD:summary
This week, after testing around 1900 many times, gold rose directly, reaching a maximum of 1930, but it did not break through 1930.
Since there is no breakthrough in 1930, it is impossible to rise directly, and it will definitely fluctuate repeatedly.
From the technical point of view, Gold's daily cycle has closed, and it has risen continuously on Thursday and Friday. Obviously, in this state, gold will continue to rise, testing the daily Bollinger band high of 1950.
Next week, pay attention to the low points to support 1920, 1915, and 1905, and pay attention to 1930 and 1950 above. Among them, the break in 1930 can be seen as a unilateral rise.
Trading this week is not easy. Whether it is buying or selling, many people have not made a profit. Because there are few opportunities, the profit this week is not a lot, and it is only on the last day that they make a big profit.I hope that God will bless everyone next week and we will be profitable next week.
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Goldidea
XAUUSD UPDATE : 18/09/2023For today setup, i like to make buy position at price 1918 - 1916 for long position until 1933 - 1936
for now i see Gold make a push to breakout setup at 1918 - 1916. If this zone breakout solid, posible gold can make push until 1911 - 1909.
for this week setup. i can consider 50/50 because weekly close bullish rejection but daily still not pass level 1930 .
🎯 The Ideal Combo for trading:
📌 A discipline mind
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📌 Risk management
📌 Long-term mentality.
GOLD (XAUUSD): Important Resistance Ahead! 🥇
Gold suddenly bounced on Friday.
The market closed, approaching a significant zone of supply.
The underlined blue area on the chart is based on a falling trend line
and a horizontal resistance.
From that zone, a bearish movement will be expected at least to 1908 support.
Alternatively, a bullish breakout of the underlined zone may trigger a strong bullish wave.
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GOLD:Trading strategy
Gold tested 1900 many times yesterday and was supported, and now it has broken through the range of 1915. Then it can be judged that gold is temporarily reversed. As long as it falls to a low level, you can try to buy.
The low of the H4 cycle rose three times. The rise in the morning directly broke the suppression point of the middle Bollinger band. The previous suppression point became a support point. The lower support point is near 1910, and the upper H4 Bollinger band high or the 60-day moving average high is near 1922. If the rise can be maintained on Friday, then next week I am more confident that gold will rise in the near future.
Short-term fast trading
Gold:buy 1905-1910 TP:1915-1922 SL:1898
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GOLD:Trading strategy
Gold is now in a downward trend, but we must pay close attention to the impact of today's US CPI on the trend of gold, which will determine the price of gold.
If CPI is good for gold, then I think gold will rise in the short term. If CPI is bad for gold, then gold will once again test the support point near 1884.
My suggestion is to wait for the CPI news before trading. The market will always be there, and there will always be opportunities to make money. We don't need to gamble, and it is more important to obtain stable transactions.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
#Gold Forecast - Monday, September 19Strong economic activity in the United States is supporting the #dollar, and that's why we are witnessing a decline in the #price of an ounce of gold. #Gold prices seem unable to initiate a rally or a significant drop; in fact, the market is in a #range.
#Fundamental Analysis of #Gold
It is expected that #economic data in the coming week will support the scenario of no change in interest rates at the September Federal Reserve meeting and may even keep the central bank from adjusting interest rates until the end of 2023.
However, this week, the market's focus will be on the European Central Bank's interest rate decision. It is expected that the central bank will not make any changes to interest rates, not because of inflationary pressures but due to the threat of an economic recession in the Eurozone.
#GoldForecast
In the coming week, the interest rate in the Eurozone is not expected to change significantly, and as a result, its impact on the US #dollar and the price of an ounce of #gold will be limited. However, it is expected that the European Central Bank will not reduce interest rates for a long time. If the European Central Bank expresses concerns about the #future of the Eurozone economy, demand for the US #dollar will increase, and in that case, the price of an ounce of #gold will decrease.
Based on this, it is predicted that the short-term trend of an ounce of gold will be inclined towards a decline. The strength of the US dollar will limit any upward rally in the gold market.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
(Gold) : Nice Weekly TrendHey guys, I hope you're all doing well. As you can see for gold, I think we must expect the gold downtrend to last for a much longer time. In my opinion, gold will fall (step by step) until the 1810 area, and after that, it will fall until 1700. Then, if the price breaks the major support and retests successfully, according to the Triple Top pattern, it must fall down more and more.
Just as a precaution, this is a (Long-Term) Gold idea, according to what I can see on the chart. Also, there are a lot of factors that can change the game.
May you all be PROFITABLE,
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Gold 06/09 MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Short Time Frame with Breakout and Rejection from the Upper Trend Line of the Corrective Pattern Falling Wedge in Long Time Frame. Completed " 1234 " Impulsive Wave and we have Break of Structure with Divergence
USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD:Trading strategy
Two hours ago, I predicted that all indicators are now overbought, and all I judge are very likely to fall.
But it is still an upward trend, but it has fallen because it has risen too fast.
Although the probability of falling in the short term is very high, it is still possible to buy on dips in the long run.
Gold trading advice today:
Gold:buy1932-1937 TP:1948-1952
Short-term fast trading
Gold:sell1946-1950 TP:1935-1930 SL:1954
The possibility of falling is very high now, but you need to strictly set the stop loss to help you protect the security of your account.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
GOLD:Trading strategy
Gold today is the same as I expected, breaking through the range and rising to 1935
But the rise is due to the stimulus of the news, so now you can try to short sell around 1935
Short-term fast trading
Gold:sell1935-1940 TP:1931-1927
As long as the decline does not break through the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss or close the transaction when you have a profit.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Top-down analysis, UPDATED!!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD:summary
This week, gold, as I expected, gained significant support at the bottom. When it could not fall below 1883, I judged that gold would definitely rise this week.
On Tuesday,Gold broke through the daily line, but I know that every time it reverses, it will not keep rising. There will definitely be fluctuations, but it will definitely rise in the end.
On Wednesday, gold rose to 1904 and exceeded the resistance point, so I judged that it would not rise, so I decided to sell short decisively and buy when it fell to a low point.
On Thursday, gold rose again to 1923, rising by 40 from the bottom. The short-term increase was too fast, and the indicators of each cycle were overbought and very serious, so we can judge that gold fluctuates in the range of 1904-1923.
On Friday, because of Powell's speech in the United States, the volatility in the range of 1904-1923 was accelerated.
Tomorrow, we need to observe the trend of gold, because the rise many times in 1923 did not break through, so we can temporarily think that the resistance of 1923 is very strong, if we can not break through 1923, then gold will definitely fall again.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD Still Bullish In My Opinion , When We Can Buy ?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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.