Wednesday: Gold focuses on the 2020~2040 rangeGold is still dominated by short sellers, with the daily chart closing in the positive zone, the MA10/7 daily moving average suppressing the MA2038/47 opening downward, and the central axis of the RSI indicator adjusted. The short-period hourly chart and the four-hour moving average are glued together, and the price is running in the middle and lower rails of the Bollinger Bands. Technically, gold continues to adjust and fluctuate and runs bearish. However, market data gradually emerges in the second half of the week and needs to be focused on. We will continue to pay attention to the 2040/2020 range adjustment during today's trading day. Trading ideas still look at shocks and short-term participation!
To be honest, the shock yesterday was really severe. If you are not calm, you may run away early and miss the drop of more than ten dollars. Only persistence is victory. No matter how the gold price fluctuated, it failed to rise above the suppression of the 4-hour 20 moving average. Today, we continue to short gold relying on moving average suppression.
Trading straregy:
Short-term gold 2017-2019 long
Short-term gold 2038-2040 short
Goldtradingsetup
Gold Trading Plan - 12/Jan/2024Hello Traders,
Hope you all are doing good!!
I expect Gold to go Up from here.
Any correction is an opportunity to enter.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
XAUUSD: 10/1 Today’s Market Analysis and StrategyGold technical chart daily pressure 2040-2053, lower support 2000
The four-hour pressure is 2040, and the lower support is 2016
One-hour pressure is 2040, support below is 2016
✅Operational suggestions: Gold has now physically broken through the 2040 mark. Today’s rebound near 2040 will be the main target for shorting, first look at the 2020 mark. If the strength is strong, continue to look at the 2000-1966 mark. The first small resistance above is currently the 2031 mark, followed by the 2040 mark. It is the entry price of short order
SELL:near 2053
SELL:near 2040
SELL:near 2032
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Gold rebounds again continues to sellThe slow rise in gold prices during the day has basically been in place. The current one-hour trend is beginning to show an inflection point signal under the suppression of the upper pressure level, and the hourly line shows a negative and positive trend! At this time, we will maintain the original plan and start selling sales here.
Judging from the one-hour chart, the gold price is still in a volatile range. The previous rebounds at high altitudes for many times were all exited by taking profits as expected!
Trading is heart-to-heart communication. The market is not a market, but a concentrated reflection of human nature. It has attributes and rules! We cannot change the trend of the market, nor can we influence the market. If we want to double the price, the only feasible way is to eat the meat first and let others gnaw the bones! To do this, you not only need solid basic skills, but also a professional sense of fundamentals, and more importantly, a firm belief in yourself!
Trading strategy: short gold 2035, target 2020
GOLD:Trading analysis before the US market
Today will usher in the most important data of the week, the US inflation indicator CPI in December, which is the consumer price index. Judging from market expectations, the 3.2 data is slightly higher than the previous value of 3.1, which means that the market generally believes that US inflation has already After a continuous downward trend, it has begun to rebound. If this trend is confirmed, it will have a major impact on the Federal Reserve's interest rate cut.
New York Fed President Williams made his latest speech: He believes that interest rates are restrictive enough to achieve the 2% price target. When it is confident that inflation will reach 2%, the Fed can cut interest rates, with the pace of reduction depending on economic conditions. It is not close to the time to slow down the balance sheet reduction, and we need to plan to finally gradually slow down the balance sheet reduction in 2024.
You must know that the Fed's monetary policy adjustments usually cut interest rates after ending the balance sheet reduction, but Williams said that it will only slow down the balance sheet reduction in 2024, which is also a very hawkish signal.
The key today is the CPI data. Before the data, I think it will continue to fluctuate in a range.
Yesterday, gold did not break through 2042 and reached a maximum of 2040. This indicates that there is strong resistance from 2040 to 2042.
Xauusd:sell2039-2041
TP:2034-2030
SL:2043
Xauusd:buy2022-2025
TP:2032-2038
You can try the above signals before the US market to ensure the safety of your funds
Join me as I continue to analyze my thoughts
GOLD's Movement explainedSo what is up guys, I haven't had the opportunity to sit down and produce an analysis on gold over the last few days as I have been extremely busy working with students or other businesses that I run, I will admit my attention has been pulled away from the charts in the last few days but I am back and I am here for the day (I hope lol)
So looking at the monthly timeframe I can say that it still definitely is extremely bullish - there isn't anything that can convince me otherwise - See image below of the monthly timeframe
As I would mention in the image below I can't yet trust the monthly candle as it has about 20 days before it closes - meaning ANYTHING can happen between now and the next 20 days
I am skipping the weekly timeframe in this analysis as I don't think there is any information that I need from that timeframe that I cannot get on the daily - Looking at the daily timeframe we can see that it has had quite a few bearish days and moves in the last week
Now looking at the last 3 days or so, we can see that there are some wicks being thrown to the top side and I don't know about you but that doesn't give me confidence in looking for buys - why if I am looking for buys would I want to see data that suggests sells?
But it is interesting and I will tell you why - Why would the dealer be inducing sellers in a bull market? Let me tell you why I think this is the case
Who is the real target in a bull market? Buyers or sellers? Before you try to answer I want you to think who has more to gain. When you think about who has more to gain, you have to ask - does the dealer want this party to win? does he want this party to gain? Of course not. So in that light it is simple and easy to say that buyers would be the target right? Sellers would be taken out once the market resumes buying
But before it can resume buying the dealer needs to get rid of traders who bought - remember he doesn't want traders who are buying to gain anything.
So the next question is simple - Where are the buyers buying?
Lets look at the chart again and see if anything makes sense
When we look at the 4 hour time frame I am just trying to identify areas in which I feel the average retail trader may have felt safe to place a buy and I arrive at these zones circled in green, but why? These are low points that would have also made higher lows - which I am aware traders love using that B.S - Higher high and higher low to dictate whether or not they should buy.
If you realize I am using what I know other traders do in my analysis but I am not using that myself to place a trade - I said this before, I like Context, I want to understand what other people may be seeing so I can build out the picture as close to what it really is, you cannot do that when you look at the market one dimensionally.
But wait there is more
Is it at all possible that this bull trend is also now an additional induction to get traders to buy? I think so yes, it makes sense for the dealer to induce buyers to make them feel safe and add more buys
Buyers would feel more inclined to open bigger positions because the gold market is bullish overall so buys make sense. Interestingly enough buys are the right play I think but it isn't WHAT it is HOW.
This is why I think the seller induction of the higher timeframe right now make sense - get sellers to step in and push price lower and stop out the buyers induced to buy in these areas (green)
On the m15 timeframe I believe that sellers would have already been destroyed so the dealer is free to use that seller liquidity to push price lower as seen in the image below (turquoise)
Look at the previous tap on the trendline or the most recent low, I wouldn't be surprised if price stops there and bounces back up temporarily to further induce buyers before dropping lower to take out all buyers completely
I have an alert set at the low
Let me know what you think about this thought process
Don't boost if you didn't take the time to read and try to understand this entire analysis
OR
Boost if you did take the time to read and try to understand this entire analysis
I think trying to take a trade before I know what price is likely to do next is irresponsible of me. So I will be waiting
Have a great day folks
Gold rebounds and encounters pressure again, ready to sell againThe price of gold continues to fall. As long as gold dares to rebound, I will continue to be short.
No analysis is needed. Gold is now in a short trend. As long as the K-line is below the 20 moving average, it is a short trend. The rebound of gold is getting smaller and smaller, and the lows are getting lower and lower, and the trend is getting weaker and weaker. This is the reason to go short.
Today gold will test the 2015 first-line support again, we will wait and see.
specific strategies
Sell gold around 2036, target 2015
Good luck to everyone
XAUUSD:8/1 gold market analysisGold technical chart daily pressure is 2053, with support below 2040-2000
Four-hour pressure 2053-2063, support below 2000
One-hour pressure 2044-2053, support below 2024
Operational suggestions: Gold NFP first fell and then rose on Friday. After breaking through the 2030 line, it began a substantial counterattack, and after touching the early decline point near 2063, it began to fall back. There was a large-scale sweep of long and short markets. Today, we will continue to pay attention to the 2040 dividing line at the hourly level. The price will continue to go long above the long-short dividing line and go short below!https://www.tradingview.com/x/a2OrCW1c/
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
Gold's decline remains unchanged, 2035 is directly shortThe current short-term trend of gold prices is still in the stage of shock and decline, but the mid-term trend decline has basically arrived. The closer the gold price is to the support of the 2000 mark, the more hesitant it becomes. The daily K has closed a long lower shadow, but for the key support of the 2016 mark position, it is expected that it will dip again in the day and then stabilize before considering starting a new round of counterattack. In 2035, we are short-term and bearish on the decline!
Technical analysis shows that the current short-term pattern is fluctuating and falling, with lows getting lower and lower, and highs also showing a downward trend. The current upper pressure is at the 2037 line. From a morphological point of view, short-term shorts have a clear advantage! Similarly, when the price of gold fell below last Friday's non-agricultural low of 2024 yesterday, the previous hold on short orders was released, and the market triggered a short-term short-selling sentiment. The price of gold further supported the downward adjustment and reached the 2016 line, but its decline The trend will not stop here. If gold wants to rise significantly, it must first form an effective reversal pattern! Therefore, the gold price will return to test the validity of the point near 2016 during the day. In terms of operation, just go short if it rebounds!
Trading straregy:
Gold is short at 2035, stop loss at 2042, target at 2020
Tuesday: Gold trend analysis, focusing on 2020~2040Gold fluctuates widely and there is no unilateral long and short wash. Today's trading also needs to enlarge the amplitude range. The trading idea still remains high and low. The daily chart closes negative and suppresses 45/52 below the MA10/7 daily moving average. The short-cycle hour chart and four-hour chart The reference is of little significance. There are very few technical market components. For short-term charts, you can only look at the Bollinger Bands channel. The middle rail is suppressed by the 2042 line, the lower rail is by the 2020 line, and the upper rail by the 2052 line coincides with the MA10 daily moving average.
The unilateral downward trend of gold means that it is short when it rises. Although the price of gold rebounded by 15 US dollars in the evening, it still cannot change the unilateral downward trend. Today, it continues to be short under the pressure of 2040. As can be seen from the hourly chart, the price of gold continues to decline, and rebounded strongly yesterday, but it is still subject to the 2040 pressure level, so it continues to be short today.
It used to run above 2040, but now it has been running below the 2040 pressure level. Before there is an effective breakthrough of 2040, the short position will be carried out to the end. The market is changing, and you can definitely use the same methods to win the changing market.
Pay attention to the 2019-2022 support below
Focus on 2040 resistance above
Monday: Gold focuses on the range operation from 2045 to 2020Gold (XAUUSD): Last week's non-agricultural data was released, which was significantly negative for experts. Gold took advantage of the trend and saw a wave of washouts, with the amplitude reaching $40.
Today opened at 2046, this position became today’s highest point, and shorts came all the way to 2030! On the daily K, the cross K was closed in a row, and the 2045 position formed a key pressure level, which was also the watershed position today morning. According to the general trend, we should not think about going against the trend. If it touches the 2045 position today, we can enter the market for the first time to open the short position. If the 2020 position support is not broken strongly below, you can still go long!
Please see later updates for accurate real-time signals.
WOULD YOU BUY OR SELL FROM ($2027-$2032)?The technical analysis suggests a bearish trend with $2026 - $2030 yet shows as a strong Resistance .However ,the current price action continuously trying to shatter the $2017.72
2020.16 pivots points for completion of first bearish cycle moreover,$2025.21
-$2027.82 are the R1 &rR2 points which are meant to be tested if gold makes a reverse tail to shows some fake trend changing candles. Furthermore, the $2005-$2008 are expected to achieved with in the next session. Consequently DX shows some other moves as the recent NFP pullback was unexpected but i was an instant reverse for refiling Non commercials .
This outlook is contingent on the U.S. Dollar (DX) experiencing a relief rally.(Commentary)
Gold falls back to support 2030, buyMarket analysis:
The overall trend of gold is upward, and the non-agricultural data has pushed up and down, digesting the pressure from above and breaking out the support below. Today, we are going long with the trend. The pressure on the non-agricultural peak of 2063 above is no longer pressure but the goal of this week. This week, 2063 will definitely be stepped on.
The market continued to fall before the non-agricultural data, and the non-agricultural data directly accelerated the decline of gold, completing the last accelerated decline, and the correction ended. This is why gold can violently rise after the non-agricultural data. Rapid decline, all the bad news, gold hit the bottom, 2030 first-line long position
Specific strategies:
Buy gold in 2030, stop loss in 2022, target 2045
XAUUSD: 4/1 Today’s Market Analysis and StrategyGold technical chart daily pressure is 2053, lower support is 2040-2000
Gold technical chart daily pressure is 2053, lower support is 2040-2000
One-hour pressure 2053-2069, support below 2040-2030
Operational suggestions: Yesterday, the technical aspects of gold fluctuated slightly in the Asia-European market and reversed under pressure at the 2065 mark, ushering in a unilateral downward trend and breaking the bottom. The extremely weak downward trend in the European and American markets successively penetrated the two integer marks of 2050 and 2040 (but the daily line did not close at 2040 below), which temporarily indicates that the short trend has not yet been confirmed, and today’s trading will focus on the long-short boundary 2040
BUY:near 2043
BUY:near 2053
SELL:near 2065
SELL:near 2039
XAUUSD:5/1 Today Analysis and StrategyGold technical chart daily pressure is 2053, with support below 2040-2000
Four-hour pressure 2053-2069, support below 2040-2030
One-hour pressure 2053-2069, support below 2040-2030
Operational suggestions: Yesterday, the technical level of gold closed near the 2044 mark on the daily level. I have said before that the 2040 mark is the long and short watershed on the daily line. Today, we still focus on the 2040 watershed to make orders. If the entity breaks the position, it will mean that the short trend has officially started.
BUY:near 2043
BUY:near 2055
SELL:near 2039
Friday: Gold is in a downward channelOn Thursday, U.S. ADP data came in much stronger than expected. The good data has brought new confidence to the U.S. economy and also caused a huge impact on the precious metals market. This month's NFP will be announced in the day, which will also be the highlight of today. Before the data is released, it is expected that gold will not fluctuate too much during the day, and more sideways shocks await the release of evening data. From a technical point of view, the daily line closed a small positive bar yesterday, the Bollinger Bands opened, and the KDJ indicator crosses and increases volume. At present, the general trend is upward, and the midline is rising in stages. From the 4-hour chart, the Bollinger Bands are opening, and the KDJ indicator is golden cross with heavy volume. In the hourly chart, the Bollinger Bands have begun to open, and the KDJ indicator has increased its golden cross. Yesterday, the price still mainly rebounded and corrected, with the lowest reaching the 2036 line, the third support level we gave. Today, we will focus on the upward shock. The upper pressure will focus on the 2050-2060 line, and the lower level will focus on the 2040-2030 support.
Personal suggestion: go long on callbacks; dividing line: 2040
Strategy reference: It is recommended to go long in 2030/2035
GOLD H4 / NEW TRADING IDEA ✅Hello Traders!
This is my idea related to GOLD H4. I see a good opportunity for a SHORT TRADE from the OB.
As a take profit, I see the price of 2015.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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www.tradingview.com
Will Gold rally next week?Gold fell a whole week last week from Monday all the way to the daily line around 2030 to stop falling Friday formed a rapid rebound Friday's rebound is mainly because of the impact of non-agricultural data after the long and short game! Last week we captured 3 times the market profit! Starting Monday, we sell in 2075, Tuesday in 2064, Wednesday in 2049, Thursday in 2048, Friday in 2040, and then in 2030, we reverse many orders and sell again! Let us firmly grasp the triple profit!
Last week, several times tested the pressure position of gold 2050, the main theme of the gold market is currently on the bearish side, and now the price of gold into 2043 will it form a repair counterattack next week or continue to fall?
If you want to know, you can contact me on my home page with my contact information!
In short, next week will be a very profitable week! The market will give a very big market next week! At least 3x profit margin! If you want to grab next week's profits instead of burning your own account I suggest you contact me directly!
You will see from the historical record that my professional analysis never brags about giving everyone trading signals in advance which makes a lot of my followers a lot of money and my trading signals are free!
Call me if you want me
GOLD breakout buy setupGold has been on a steep rise for the last weeks and I believe it is ready to break out the big resistance zone that is has been holding on to for a while now. I will be looking for a retest of this big zone and only then I will be looking for buy entries.
Let me know what you think!
Gold, Still unclearJust a quick snapshot of a SMALL piece of the previous analysis I did with one addition (yellow tag)
Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time
HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some quick profits via a scalp type trade
In my opinion looking at the turquoise zones (next zone where liquidity might be) I feel like I need gold to target and demolish those zones first before we see buy conditions return - and my reason for this is simple
If gold had the liquidity to buy - IT WOULD BUY!, right? The fact that it isn't buying suggests that it doesn't have what it needs and is seeking it out. The real question is - "where might it find what it needs?"
Enter turquoise zones lol - pay close attention to the bull trend over to the left (turquoise line). A bull trend in a bull market? It's almost like the dealer wants you to buy, it's so evil...it's genius!
So induce buyers to buy, stop them out by selling below where they bought, and then actually buy? Maybe - What do you think?
Downvote\Don't boost if you didn't try to take the time to read and understand this post
OR
Upvote\boost if you did try to take the time to read and understand this post
If you genuinely disagree..I have no problem with a downvote, but please leave a comment as to why you think otherwise. This will allow all of us to grow and get better together
Link to previous analysis is here -
Godspeed folks
Thursday: Gold remains under pressure to fallGold has fallen below the 2050 long-short watershed and started a downward trend. Relying on the rebound pressure of yesterday's US market, gold will continue to be short and bearish at the 2048 position. The target below will focus on the support of 2030!
Looking at the golden hour chart, the downward trend has begun, and the second period of decline is very strong, and the decline will continue! However, after the sharp drop, the market is also expected to fluctuate and adjust, so today's Asian and European market will most likely fluctuate within the range of 2048-30, and then start a new band of decline after the shock ends!
The rebound relied on pressure to short gold. After breaking the level, 2050 became the key resistance for this rebound. As long as the rebound encounters resistance today, this pressure position will continue to be short!
suggestion:
2030-2033 long
2048-2050 short
GOLD XAUUSD Technical Analysis and Trade IdeaIn this video analysis, we closely examine GOLD. We've identified a break below a prior low, indicating a downtrend. Considering the ongoing weakness in the British pound and the prevailing strength in the Swiss franc, I'm considering a potential selling opportunity for XAUUSD.
At present, the price has retraced significantly into a critical resistance area. As highlighted in the video, we're anticipating a possible rejection and move downward, especially around the New York open, provided the conditions discussed in the video align.
It's important to emphasize that this analysis is solely for educational purposes and should not be considered as financial advice.
XAUUSD: 2/1 Today Analysis and StrategyGold technical chart daily line upper pressure 2088 and lower support 2053-2040
In four hours, the upper pressure is 2069-2088 and the lower support is 2066.
One hour upper pressure 2073-2080 lower support 2066
Operation suggestions:
Gold is currently consolidating in a range. As shown in the figure above, go long above 2069 and short below 2066.
Long order: long near 2069
Long order: long around 2040
Short order: short around 2065
You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!