Gold -> Almost Breakout OutHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Gold is still overall in a quite bullish market despite the recent retracement since it is retesting support at the $1950 level.
Gold also just retested the 50% fibonacci retracement level of the previous impulse and is now starting to consolidate at the current support zone so I am now just waiting for a bullish rejection and confirmation and then I do expect a rejection towards the upside.
On the daily timeframe you can see that Gold is still trading in a quite nice triangle formation with the support level at the $1940 area, I am also on the daily timeframe waiting for a bullish breakout, then we will also have bullish moving averages and then it is very likely that we will see more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Goldpreis
Gold trading recommendations today
The current gold cycle is still in a bearish downward trend, with three major peaks on the weekly line, and continuous new lows on the daily line. In the short-term, gold is in the process of large-scale shocks from 1940 to 1980, which is a falling relay pattern. ! After the shock, it will surely fall to a new low again!
After the current gold bottomed out, it quickly returned to the range and continued to oscillate. After encountering resistance, go short on the band!
Trading straregy:
gold: sell@1960-1955 tp1:1950 tp2:1940
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:Trading advice for the day
After the change of the market on Tuesday, the daily line 1970 closed under the big negative, directly through the support of the Bollinger middle band, then, Wednesday before the data to determine is weak, trading needs to be short-based, waiting for the break of 1940 or 1932, but today's intraday should pay attention to the change of the H4 cycle, gold fell back to 1940 after the rebound, the current H4 low Yang, Bollinger close, K line closed in Bollinger, completely no opening state, this move is similar to last week's Wednesday, Thursday reversal move, It may be a short-term direction a day (if it rises today, it is exactly the same), therefore, it is difficult for gold to continue the big decline today, and the possibility of a reversal above 1940 is also very large, so even if it is a rebound short, you should pay attention to the gains and losses of key points. The pattern in the small cycle pay attention to the gains and losses of the hourly line Bollinger mid-band 1952, if it stands above 1952, it is in line with the shock trend, H4 three consecutive Yang, determine the bottom basis, today to see the rebound, the transaction needs to fall back to long, above and then look at 1965, 1970. Under Tuesday's decline, Wednesday's first test of 1952 is not broken, you can short the short, and then determine the long point after the fall.
If you want to make money, you can follow my point of view and contact me if you want to make more money.Let's make money together
Gold reaches a key trading positionThe Fed's interest rate decision has been settled, and the previous record of ten consecutive interest rate hikes has been stopped. The key point is that the Fed expects to raise interest rates by 50 basis points this year. Therefore, gold is still out of the decline, including the market is still digesting interest rates. The impact of the announcement of the resolution. After the digestion of the market in the first three days of this week, the shape of each cycle has also changed. The daily line has formed three consecutive negatives in the shocks and declines of the first three days, and the top has moved down to 1970. Bollinger may open with a temporary slow decline. Therefore, the daily cycle may fall and crash at any time, and the key point is still at 1932. Once again, if it falls below 1932, the long-short trend of gold will change, and a unilateral plunge will be formed at that time. You can pay attention to 1910 below. 1860, 1810.
The H4 cycle is more obvious. After rushing up to 1960 on Wednesday, it was weak and just suppressed below the 60-day moving average. After falling at midnight, Bollinger has opened his mouth for the time being. Every moving average forms a suppression and diverges downward. Breaking through 1932, there is no doubt that the weak short position is undoubtedly, and the bottom cannot be guessed below. It needs to be shorted for a period of time, and then wait for H4 to close and form a shock. Therefore, on the whole, gold may form a short trend today. If it falls below 1932, it can get out of the room for a sharp drop. Under this weakness, try to be short-selling. In the performance of the small cycle, it should be noted that although it is weak, it cannot be chased short. After all, the low point has not been refreshed for the time being, and 1932 has not broken, so there is still room for a rebound to support the test. The upper suppression point is 1940, 1945, and it needs to be shorted in combination with the intraday pattern.
6.15 Gold strategy: Before 1932 breaks, you can rely on the vicinity of 1932 to go long, stop loss 5 points, target 1940-1945
Rebound to 1940-1945 and short in batches, stop loss at 1951, target 1932-1930 to break the position and hold, after breaking the 1932 trend support point, there may be a sharp drop in the unilateral market, then we need to pay attention to whether the support below 1910-1900 is stable Reconsider whether to participate more
(For reference only, specific real offer analysis shall prevail)
Gold: Important trading strategies for the US market hoursGold yesterday, although the shock rebound, the evening by the impact of data had also been tested to 1960 near, but such a move does not meet its own technical structure needs, and then the market back to adjust. In the early hours of the morning, the Federal Reserve suspended interest rate hikes as expected, but also gave a hint of a possible 50 basis point hike in the year, so gold expanded the fall space, down to 1940 near the daily close with a long upper shadow of the negative star line.
The Fed's hawkish tone is the main cause of gold's decline, but the daily structure, gold down is its own technical trend needs, if not down, it is difficult to have space above. And gold again to start the downside adjustment, the release of the accumulation of short adjustment momentum, the late market operation may also be more healthy.
Gold has now fallen below 1940 short term trend support, in accordance with previous structural expectations, below or may go again to find the lower edge of the range support near 1930, or even near 1920. And if you zoom in on the cycle, to the lower edge of the triangle 1940 fall to measure, below or may have another $40-50 space, that is, the possibility of retreat to 1900-1890, so this position can be seen as the ultimate goal of the current wave of gold pullback adjustment.
Combined with the hourly chart trend, this morning gold again down to adjust, release the early morning Fed hawkish tone brought about by the emotional impact, the short-term lower can be concerned about the previous low 1932-30 near the support test, but the downward trend has formed, below 1920 near may only have a certain support role, and may also be only a temporary role, if the recent fundamentals no positive factors to improve, then Gold short-term fall to 1900 near are possible. And above the day is concerned about the pressure test near 1940, as long as the day does not return to this level above the stationary, then the downward adjustment will probably have a continuation.
Gold operation strategy: rebound 1938-1940 near short, defending 1945 on, the target down to 1930-1920;
GOLD - SHORT#GOLD in Daily Time Frame Setup
In This Setup GOLD is Moving down if Brea Properly
My Setup is Clear for Seller.
XAUUSD: wait for the rebound opportunity to shortThe U.S. market has officially opened. With the opening of the U.S. market, gold also rebounded near the 1 9 5 2 position in the short term. The rebound was not in place, and we continued to wait and see with short positions. The current market trend is rising due to the impact of data values in the short term. , but do not consider chasing long, more is to wait for the opportunity to short, to see if gold will give the opportunity later.
Will gold rise tomorrow?
Today's gold, as I analyzed yesterday, after the data was released, gold first rose to around 1970, then fell to around 1940, our first trade was long around 1955, perfect profit, then short in 1965, again with huge profits.
At present, gold, the next interest rate decision is very important, tomorrow gold may be volatile adjustment, short-term trading friends if you can choose to go long at the low, get the profit and go, wait for the next trading opportunity after the gold adjustment
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!
Gold current price 1951 short!
Gold current price 1951 short!
Gold fell below the 1-hour upward trend line yesterday. Gold rushed up many times in 1 hour without breaking through, and fell below the support upwards. I chose to break through upwards. A rebound with the trend is short selling. The gold 1950 area has formed support for gold many times a few days ago.
Before the Federal Reserve's interest rate decision, the probability of the market fluctuating is relatively high, and now it just hits the resistance level, so go short first. Then wait for the final direction of the Fed's interest rate decision.
Trading straregy:
gold: sell@1950-1955 tp1:1946 tp2:1941
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!
Bullish fell back to yesterday's low instead, how to look at theThe market CPI is bullish tonight. It did not continue to rise and break through, but fell back to the low point of yesterday. In fact, it is still in the shock range of 1970-1940. Can we continue to try more today? I think it's worth giving it a try.
So I think:
Bold investors 1952-1950 light positions and long positions
Steady investors participated in the long range from 1942 to 1940
Gold trading recommendations today
Gold did not continue to fall after yesterday's fall, but a small rebound. Are gold bulls starting to reverse again? This is also a matter of concern to everyone. Tonight, the annual rate of CPI in the United States has not been adjusted seasonally in May. Before the data, it is normal for gold to fluctuate back and forth. However, the gold rebound is an opportunity to short.
The gold 4-hour is now in a relay pattern of triangle convergence. The overall 4-hour trend is still downward. After the golden triangle converges and falls below the lower support, the gold 4-hour decline will continue. After gold fell below the downward trend line for 1 hour yesterday, the rebound did not break through the downward trend line again, which has formed a back pressure. At the same time, a downward channel has formed a trend of oscillating and falling in 1 hour.
Trading straregy:
gold: sell@1959 tp1:1949 tp2:1944
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 trend analysis
The market has been in consolidation territory in June this month, and this week will usher in the main moment. The CPI on Tuesday, the decisions of the United States, Europe and the Bank of Japan in the next few days, so the market will be very volatile this week and the range may be broken
Gold today after coming to 1967, again the current low around 1950, for now, the first place to focus should be around 1960, the dollar bottom divergence signal, wary of gold to start a downtrend
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!
Gold advice for next week
Gold fluctuated back and forth this week, and next week will be long and then short
This week, gold has been ups and downs for a few days, and then the backhand empty rhythm is completely correct. Gold did not fall rapidly again on Friday. Gold began to have support at the 1956 line, and the shock ended. I believe that for many friends, this period of time is either on the road of chasing ups and downs, or going back and forth on a roller coaster, which is really uncomfortable. If we don’t fall in love with the past, then we should focus on the next market. How should we operate next week?
The triple top structure of the golden weekly line is still there, so it is still necessary to short rallies in the big cycle, but now gold is more than 100 US dollars away from the top, so it is normal to have a wave of rebound.
Trading strategy for next week:
gold: sell@1967 tp1:1957 tp2:1952
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!
Analysis of gold trading on Friday
Gold is basically a wide range of shocks in the 4Hboll channel at this stage, including last week's non-farm drop is also within this wide channel, gold is only testing 1970, at present, the monthly line 5 antenna support has not broken, the weekly line 5 antenna pressure has not broken, 1938-1970 this range also fluctuated for a week, I think it is still a short-term rebound, above there is still a chance to short
Personal Trading Strategy:
gold:sell@1968-1972 tp1958-1955
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!
Gold trading recommendations today
The current price of gold in 1964 is directly empty!
At present, the gold daily cycle and the one-hour cycle are bearish, and the key watershed position for long and short in the day is still the 1970 line. Gold continues to fluctuate and adjust at high levels. After the current price has dropped below 1963.5, the short-term top pattern below 1970 has been formed. It can be short-term in operation, and it is bearish to hold at 1940.
Trading straregy:
gold: sell@1964 tp1:1954 tp2:1944
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 short signal
U.S. jobless claims rose to their highest level since October 2021 that week, but the labor market may remain one of the healthiest segments of the U.S. economy
We can find that the two positions of 1940 and 1970 are exactly the weekly MA5-day moving average and MA20 moving average position, just as gold is maintaining this range adjustment.
Well, we can still be short around 1970, even if the current low is 1940, we have a profit of almost $30
And you're long now, above the 1975 resistance, above the 1985 resistance. Not only is there no profit, but there is a risk of loss at any time, so for now I still recommend short around 1970, the first target is around 1950, followed by around 1940.
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!
Gold trading recommendations today
The current key pressure position is the 1957 position, which is the market pressure position and the moving average suppression position! Today's rebound relies on this pressure to continue shorting. The support below pays attention to whether the 1930 line breaks. If it breaks, the market will start a new round of decline!
Trading straregy:
gold: sell@1955 tp1:1940 tp2:1930
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!
GOLD 4H GOLD
movement under 1953 is important for gold to be continue at the bearish tendency till 1933
as for renewing bullish attempts. this requires the price should to consolidation above 1964 and then will open the way to reach 1972 and 1980 then 1994
the expect trading range for today is between the support line 1953 and resistance line 1964
support line : 1933, 1925, 1913
resistance line :1972 , 1980, 1994
timeframe 4H
GOLD DOWNTREND 4HGOLD
Gold If you open the 4 hours above 1953, it will reach 1965 then 1974.
But if it falls below 1953, it will reach 1939, then 1931
pivot price: 1953
support price: 1939& 1931& 1922
resistance price: 1965 & 1974 & 1983
The expected general tendency for today: is bearish
timeframe 4H
Gold is short at a high level
After gold opened up, there was not much movement yesterday, it is likely that it is only in shock and repair, the situation in the short term is also relatively balanced, and there is no trend of breakthrough, above and below there is hope of a breakthrough, and yesterday gold fell to around 1954 after the rebound, basically still maintain a small range of shocks above 55, then the later breakthrough momentum also directly affects the trend of gold, if it continues to be in a flat pattern, subject to the upper resistance level suppression, It is likely to be a pressure pattern, and the support below continues to maintain at the 50 line, this position is also one of the important support positions in the later stage, and the upper high will also be maintained at the intraday high 66 line, then we can still wait around this position for shorting, and the current short-term moving average has a support effect, but it is not obvious, the 10-day line position is basically synchronized with yesterday's low, then gold we are still short before 64-65, the target is around 1950
Personal Trading Strategy:
gold:sell@1965-1968 tp1955-1950
gold:buy@1950-1947 tp1960-1965
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!
Gold trading recommendations today
Gold rose directly with marginal support yesterday
Looking at the 4-hour cycle, the price of gold is still below the trend line. On Friday, the price of gold touched the downward trend line, and gold plummeted even more, putting pressure on it. It is easy to see that gold is now in a oscillating trend, because the high and low points extend horizontally, and the gold price shuttles back and forth on the moving average, which has ruled out the unilateral trend, and now it is a oscillating trend.
Based on this, I judge that the price of gold is in a volatile market in a downward trend. Sooner or later, gold will fall below and start a plunge mode.
Trading straregy:
gold: sell@1961 tp1:1951 tp2:1946
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!