GOLD: US PPI eyedThe US Dollar Index (DXY) has remained steady at around 100.50 after a five-day decline. The United States Consumer Price Index (CPI) has softened, reducing concerns about a potential recession. The US Producer Price Index (PPI) data will be closely monitored on Thursday.
Regarding interest rate guidance, Commerzbank economists noted that inflationary pressures in the US are decreasing. In June, consumer prices increased by only 0.2% from the previous month. The core rate, which is a significant measure of the underlying trend and excludes energy and food, also increased by only 0.2%. This is the smallest increase since February 2021. Although the Fed is expected to raise interest rates at the end of the month, the data supports the idea that this will be the final hike.
Goldpreis
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: intraday shock range 1912~1935Good morning, friends, in terms of the trend of gold yesterday, it did not continue the upward trend of last Friday. Instead, it went deep V-shaped in the US market time period, with an upward trend of falling first and then rising. This is also the completion of my transaction yesterday. Signal, take a profit of 8 US dollars.
At present, my point of view remains unchanged. The upper resistance position of 1935 is also likely to be touched today. Gold has risen many times and has not made a substantial breakthrough. If you want to make a breakthrough within the day, you must be stimulated by news. For the time being, it seems that there has been no change in the bulls, and there is an obvious upward correction of shocks. So the next operation is still the same as what I said on Monday, we can just sell high and buy low to operate in the range shock. Near SELL1935, near BUY1912, this is the general direction of today's trading, specific real trading signals pay attention to follow-up updates
XAUUSD: Tomorrow gold may change handicapIf you want to get out of the shadows, then let your face face the sunshine; if you want to say goodbye to cowardice, then let your heart become stronger through experience; if you want to get rid of ordinary life, then try to let yourself fly proudly. Suspicious people are destined to live a hard life, because they are too easily swayed by other people's emotions. Suspicious people always think wildly, and the result is trapped in a mess of thoughts, unable to move. sometimes it is better to not overthink.
I have a lot of emotions tonight. I may have missed the train of today’s data news. I was optimistic about the decline. As a result, I set the sell limit > 1927. I was optimistic about the rebound and the buy limit was 3 points short of getting on the train. I kept reassuring myself that I had reasonably avoided risks and had no losses for at least four consecutive trading days.
Today, known as the "small non-farm", the number of ADP employment in the United States surged by 497,000 in June, doubling the expected 228,000! It was the largest monthly increase since February last year and far exceeded the previous value of 278,000.
After the data was released, spot gold plunged nearly $20 in the short term; silver fell more than 1% in the day; the yield on the two-year U.S. Treasury bond rose above 5%, approaching the high in 2023; the yield on the U.S. 10-year Treasury bond for the first time since March rose to 4%.
Anyway tomorrow Friday will be a challenge, black swan? No I just need to make a profit!
Today's GOLD - Range is narrowingGold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks.
This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845.
On the contrary, if the economic data is supportive for gold, and the $1932 price zone is broken out and held, it is likely that the price will continue to recover above the $1950 level.
Set up: BUY GOLD zone: $1919 - $1917 - SL 1910
SELL GOLD zone: $1930 - $1933 - SL 1938
XAUUSD: Market outlook is still in 1910~1930In the morning, analyze the shock from 1910 to 1930. In the consolidation stage, go long at 1921, TP at 1927, and then short at 1927/1930 respectively. The market is not much different from the trend I updated on the TV public screen and the old post.
If you are short like me, then you must feel that gold cannot go down, and it will stop when it falls to 1926 at the lowest. .
Of course, it is also related to the early closure of the US market, and the market may not fluctuate much.
But have you ever thought about it, if you think differently from the bulls? I also feel that gold cannot go up, because 1930 has always been a hurdle for gold
I also made the reasons for the bearish near 1927 very clear. There is no data today, that is purely technical fluctuations, and when entering the market for technical fluctuations, we must take the initiative to grasp the possibility of 1930 double tops. The decline is very important. Although we may not see too much profit, we can make money as a wave of short-term trading.
Obviously, the current market has not fluctuated to this decline, and I think there is no problem in terminating the transaction before the market closes.
My principle is to leave tomorrow's money for tomorrow to earn!
So see you tomorrow!
Gold trading recommendations today
Gold's current rebound is in place, and it will continue to fall in the future. 1930 will be directly short, bearish!
It can be seen from the gold 4-hour level that after this rebound hit the suppression of the long-term moving average, it encountered resistance and called back! Before the pressure of 1935 broke through, the short trend of gold remained unchanged! The market rose again yesterday, but failed to break through a new high, indicating that this rebound has ended!
The pressure of 1935 is short, and it can be directly short around 1930! The support below is the short-term moving average 1917 position. If this position falls directly below, it means that the short market continues! Take advantage of the trend and go short!
Trading straregy:
gold: sell@1930 tp1:1917 tp2:1910
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD: Go long at current price 1906, target 1920Yesterday, I went long first and then shorted. The BUY1906 and SELL1912 provided by gold all arrived near TP to close the order. Next, before the gold entity falls below 1900, the gold will be long and then short!
Gold once again recorded the bardo line on the daily line yesterday and closed at the 1907 line. The entity broke the previous low of 1920 line and the lower track of the 1913 Bollinger Band. Now the bottom support has transformed into top pressure.
In the short term, gold is currently seriously oversold. Today there is a demand for rebound and repair indicators. In addition, gold is close to the 1900 integer mark. Don’t blindly chase short here. In addition, the US dollar has risen to a weekly level of pressure. Pull back at any time, and gold and other entities will break the position The 1900 mark is considering chasing short.
XAUUSD: pay attention to the trend range 1910~1940As far as today's market is concerned, looking directly at the picture, the current upper pressure level is gradually lowering, and the short-term focus is around 1930. If it breaks through 1930, then rebound and continue to focus on the 1940 area. With a lower weekly close, we're leaning toward another bottom this week.
Therefore, in terms of operation, today it is recommended that gold rely on the two pressures of 1930 and 1940 to see the market and continue to short rallies, with the target around 1910! ! !
The market will focus on the initial monthly rate of US durable goods orders in May, which will be released later. The current market expectation is -1.0%. If it meets expectations, it will be the worst performance in the past three months. This expectation tends to support gold prices. However, the hawkish stance of most central banks around the world and the need to raise interest rates further may limit the room for gold's rebound.
In addition, this trading day also needs to pay attention to the seasonally adjusted annualized total new home sales in May in the United States, the Consumer Confidence Index of the Conference Board in June in the United States, the CPI data in May in Canada, and pay attention to the speeches of central bank officials such as the Bank of England, the European Central Bank and the Bank of Canada.
The trading signal SELL1929-1932 during the Asian session made a profit of 50 points, and it has already made a profit in advance today
GOLD: New developments in the market!It is interesting to note that despite the sluggish markets, the negative US data and the Gold buyers not being deterred, the hawkish Fed bets remain unchanged. On Monday, the US ISM Manufacturing PMI for June dropped to its lowest level in three years, staying below the 50.0 level for the seventh consecutive month. It recorded a figure of 46.0, which was lower than the expected 47.2 and the previous reading of 46.9. Additionally, the S&P Global Manufacturing PMI for June confirmed a figure of 46.3, the lowest in five months. On the positive side, Construction Spending improved by 0.9% MoM for May, surpassing the expected 0.5% and the previous 0.4%.
Despite this, S&P500 Futures saw a decline while Wall Street managed to achieve minor gains.
Looking ahead, it is uncertain how the US holiday and light calendar elsewhere will impact the market's direction.
Gold trading recommendations for
The triple top on the gold weekly chart continues to suppress gold. The daily line is now a positive line, and it is not that kind of big positive line. For the time being, it can only be regarded as a rebound. This wave of gold daily market has gone through five waves of rise, and now it is a big C wave adjustment of ABC adjustment. Is wave C now over? The gold daily line has not even broken through the downward trend line, and the trend line resistance is around 1930. Before it effectively breaks through 1930, we will continue to look at the daily short line, during the decline of the big C wave.
For the time being, gold can see signs of continued rebound in 1 hour, and there is an upward trend line support around 1910, but the daily downward trend line resistance is 1930, and 1930 is an area that has formed resistance many times in the early stage, and no effective upward reversal has been formed. So now 1930 is still very important in the short term. At the beginning of next week, you can sell high and buy low in the 1910-1930 range.
Trading inevitably requires luck in some places and times, but in the long run, good luck and bad luck will balance out. If you want to last for a long time, you must rely on skills and use good principles. How far a person can go depends on who he walks with; how good a person is depends on what kind of friends he has around him; how much a person can achieve depends on who guides him.
Trading strategy for next week:
gold: sell@1930 tp:1910
buy@1910 tp:1930
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD: Focus on 1910, short in the morning for profitWaiting for the bottom to do long, let’s look at around 1910 and you can go long. Now after a short-term decline, it has entered the consolidation stage, and it is not suitable to open a position for the time being
! ! Congratulations to the early empty order TP leaving the market! !
In the early trading gold, we recommend shorting the first line from 1935 to 1937, and finally calling for a firm offer to buy in 1933, 1923TP
The golden hour line has always been empty below 1937, and any rebound position can be empty. The defensive position is on the 1937 line.
At the same time, the top is still in the form of a 30-minute triple top. This form is more obvious at present. The upper edge of the downward channel still controls the breakthrough of the K-line and is directly suppressed by firepower. Currently, the downward channel continues to be maintained.
Gold Bear Flag TargetGold has been on a steady decline since its peak on May 4. In our weekly E-Mail bulletins, we conveyed to you, our readers, that the side channel it was in, especially from May 18 to June 20, was actually a bear flag. With the side channel breaking on June 20, it has become a reality that this is a bear flag. The target of the bear flag appears to be around the 1860 level. This level also coincides with the weekly 90-day and 50-day EMA. Considering that this level has been used as support and resistance many times since the past, we can understand that it can be a very realistic support. I think gold falling at these levels is cheap gold so it would be an excellent opportunity to buy.
Gold trading recommendations today
The decline in gold remains, 1930 short!
The current short-term gold has gained support and rebounded, but has the decline changed? not at all! It can be seen from the hourly chart that even though the market took a strong backlash on Friday, the final rebound did not break through the suppression of the long-term moving average, and it was still a bearish decline!
The key pressure now is the long-term moving average suppression position on the hourly chart, which is the 1930 position, and this position will continue to be short directly! Defense is Friday's rebound high of 1938!
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
The latest gold trading strategies
Gold chose the direction again after the shock adjustment, although the current market volatility is not large, but there has been a clear weak trend.
The downward exploration of the white candlestick shadow in the early stage of the daily structure indicates that the market has a certain resistance to decline, but the rebound height of the white line is still limited by the suppression area. After the second correction of the market, the market still has downward expectations. The current environment is still a trend of weak retreat at high levels, and it is necessary to prevent the rebound from intensifying, followed by the retreat after the high level is blocked. In general, the black candlestick at the high level fluctuates more in the short term, mainly looking at the downward trend, and the expectation of a rebound at the low level needs to be more cautious. On the whole, the short-term operation idea of gold in the future market recommends rebound short-term, the upper short-term focus on the 1930-1935 line of resistance, the lower short-term focus on the 1910-1900 support.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
closing below trend line but..??#GOLD... market closed below your most important trend line but after closing candle next candle break low of mother candle but closed above mother candle low.
IS IT REJECTION FOR FURTHER SELLING..??
keep in mind it's big game time guys.
Now 1912 will need your focus sofar ..
Let see what will market behave back test or above trend line..
Trade wisely
Good luck ..
Can gold rise tomorrow?
In today's trading, we chose to go short in 1930, take profit in 1923, and then stop trading and get today's target profit
Gold fell to below 1920 immediately after the pullback, gold into a new round of shock adjustment, we chose to wait and see after getting profits, waiting for the next trading opportunity, the current gold pullback to around 1935, the upper focus on 1938, if the price breaks through 1938, then the one-hour pattern bottoms out to turn long, gold may rise, if it is difficult to break through the upper resistance, the downward trend remains unchanged
At the same time, we need to pay attention to the release of several big data tomorrow, when gold will fluctuate sharply again, friends please pay attention to control the trading risk
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
XAUUSD:Trading advice for the day
Last week there was a lot of news, focusing on the CPI and the Fed interest rate decision, Tuesday's CPI out of the bullish situation out of the plunge space, gold above 1970 seems to form a strong suppression failed to break, Wednesday announced the Fed interest rate decision, gold plunged again, broke the 1932 support point, to the 1925 low, but the bulls did not give up, once again out of the reversal of the big rise space, Friday once rose to the 1968 high, obviously gold into the shock cycle again. So, overall, although gold has room to soar and fall last week, it has not changed the direction of the trend.
Gold is still trending this week. There is no important data in the market this week, focusing on technical performance, after the shock at the end of last week, gold closed around 1955, the daily line closed high again Doji, judging by the daily cycle, Thursday a big sun closed above the lower Bollinger band, Bollinger closed again, although Friday the daily line closed negative, but did not affect the performance of temporary range shock, the maximum range of the daily cycle in 1980-1932.
There is a great opportunity to earn money this week, contact me and let's earn money together
XAUUSD:Trading advice for the day
Gold turned from a strong shock to a weak shock on Tuesday, a wave of decline to 1930, but did not break a new low, nor did there appear a unilateral extremely weak decline pattern, so to say that Wednesday continues to be bearish, but only look at the previous low, 1930 or 1925 low, not optimistic about Wednesday out of the plunge space. There is no news today, continue to look at the short-term accumulation of the technical side. From the plate point of view, although the daily line closed at the high level three consecutive negative, and broke the Bollinger middle band, but the daily Bollinger temporarily did not open, the low did not break, so, there is no extremely weak unilateral trend, if today's daily close sun, the rebound stands above the Bollinger middle band, then, this trend can form a sweeping shock similar to the previous two weeks a day, therefore, this trend has to be prevented
If you need to follow the detailed policy, you can contact me.
Gold trading recommendations today
The gold adjustment is coming to an end, a new downtrend is about to start, the rebound relies on the pressure of 1950 to short, and the waterfall is about to appear!
For the trend of gold, from the weekly level to the hourly chart, it has been analyzed countless times! Weekly triple top, historical top! The daily line fell all the way down. Although the current short-term sideways, the rebound is weak, and the pressure above 1970 has not been able to break through!
Yesterday was another downtrend! There are more signs that gold will continue to fall, and 1930 is by no means the current bottom!
Trading straregy:
gold: sell@1950 tp1:1945 tp2:1935
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
GOLD: Risk of USD!The dollar and the US financial situation are currently facing two interconnected crises, which are putting confidence to the test. The US Treasury Department has issued a warning that if Congress fails to pass a bill to increase the public debt ceiling, the US government could potentially default on its debt by early June.
Maybe set up plan: BUY XAUUSD zone 1938 - 1940 with Stoploss at 1935. Take profit at 1965