XAUUSD:It will fall again
When it came to around 2145, it started to rebound. I hope everyone followed my point of view and made money!
At present, it has signs of falling back. Pay attention to the support of 2157-2152. If the support is effective, it will rise again. 2164-2172 will still be resistance.
If it falls below the support, it will fall to a lower position, and 2145-2134 will become an important support range.
Xauusdsell
XAUUSD:Short, target 2143-2134
After breaking through the downtrend channel, gold once again reached the resistance range of 2164-2172, and the technical form is temporarily favorable to the bulls.
From the perspective of the overall general trend, this adjustment is not over yet, so large-level transactions are still based on high-level short selling. The target is the 2143-2134 range. When the price reaches here, large-level long transactions can be considered.
Of course, this must be based on the fact that the support is effective. If it falls below, there is a high probability that it will fall below 2100 next week and reach around 2097-2090.
Gold falls to 2100?
Hello everyone.Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the short term; the support position 2140-2145 is close to the pressure to sell, and close to the support to buy; if it falls below 2145-2140, we will focus on follow-up later; currently , without external force continuing to exert force, the pressure position of 2195 will not be broken for the time being. Today there is important data news from the Federal Reserve interest rate
Gold: The Time-Tested Safe HavenIn the realm of investments, few assets possess the enduring appeal and resilience of gold. Throughout history, gold has maintained its status as a safe haven in times of economic uncertainty and volatility, serving as a reliable store of value for investors worldwide.
At the heart of gold's allure lies its intrinsic value and scarcity. Unlike fiat currencies, which can be printed endlessly, the supply of gold is finite, making it resistant to inflationary pressures. This scarcity, coupled with its tangible nature, imbues gold with an inherent stability that transcends market fluctuations.
Moreover, gold's versatility extends beyond its role as a monetary metal. Its unique properties make it indispensable in various industrial applications, from electronics to medicine, further bolstering its demand and value.
In today's interconnected world, gold continues to serve as a hedge against currency depreciation and geopolitical risks. As central banks and governments grapple with economic challenges, investors turn to gold as a reliable safeguard for preserving and protecting their wealth.
Furthermore, gold's role as a diversification tool within investment portfolios cannot be overstated. Its low correlation with other asset classes, such as stocks and bonds, helps reduce overall portfolio risk and enhance long-term returns.
Looking ahead, gold's timeless allure is expected to endure, driven by its intrinsic value, historical significance, and universal appeal. As investors seek stability and security amidst a rapidly changing world, gold stands as a beacon of hope and resilience, offering a timeless sanctuary for wealth preservation.
Gilded Elegance: Exploring the Timeless Allure of GoldIn the realm of precious metals, none shines as brightly nor holds as much allure as gold. With its radiant gleam and enduring beauty, gold has captured the imagination of humanity for millennia, weaving itself into the fabric of our history and culture.
From the dawn of civilization, gold has been revered as a symbol of wealth, power, and prestige. Its scarcity in nature, coupled with its lustrous appearance, elevated it to a status reserved for gods and monarchs. Across ancient empires and distant civilizations, gold adorned temples, tombs, and treasures, embodying the opulence and grandeur of the ages.
As centuries passed, the allure of gold only grew stronger. It became a universal currency, facilitating trade and commerce across continents and cultures. Its inherent value transcended language barriers and political boundaries, serving as a symbol of stability and prosperity in an ever-changing world.
In the modern era, gold retains its timeless appeal, revered as a safe haven asset and a hedge against economic uncertainty. Investors flock to it during times of turmoil, seeking refuge in its enduring value and tangible beauty. Central banks hold vast reserves of gold as a safeguard against market fluctuations, recognizing its role as a cornerstone of financial stability.
Yet, beyond its monetary worth, gold holds a deeper significance that resonates with the human spirit. It symbolizes love and commitment, adorning engagement rings and wedding bands as a testament to eternal bonds. It inspires artisans and craftsmen, who shape it into exquisite jewelry and intricate artifacts, celebrating its timeless elegance and enduring legacy.
In a world of fleeting trends and ephemeral riches, gold stands as a beacon of permanence and grace. Its gilded elegance transcends time and space, reminding us of the enduring beauty and inherent value that lie within us all.
Gold charge these days March 20: Reversal to decreaseWorld gold expenses reversed and decreased after the USD multiplied quite properly withinside the worldwide charge basket. At the same time, americaA economic gadget added information on new home introduction developing quite properly in February.
specifically, the Dollar-Index - measuring the strength of the greenback in comparison to 6 number one currencies multiplied via 0.23% to 103,426 elements at 6:25 a.m. this morning (Hanoi time).
Construction permits in February multiplied via 1.9% over the same duration very last year, a first-rate deal higher than the preceding month`s decrease of 0.3%. The variety of housing starts offevolved offevolved in February multiplied via 10.7% over the same duration very last year, a first-rate deal higher than the decrease of 12.3% withinside the previous month. This information continues to manual the strong growth of the USD, putting pressure on gold expenses.
Along with that, AmericaA Federal Reserve (Fed) held its first two-day meeting in March. The market waited for a easy interest price discount from this agency. However, after inflation information modified into released very last week, it showed that although immoderate interest fees, inflation did now now not decrease as expected. This makes every expert and client trust that the Fed cannot reduce interest fees for the duration of this meeting.
The variety of latest housing starts offevolved offevolved in February sharply increased, that's further forecast to beautify extremely patron requires for goods. Therefore, it may contribute to the growth inside the patron charge index inside the future. Experts anticipate that the Fed cannot reduce interest fees yet, so that you can help the USD strengthen, putting pressure on gold expenses.
Gold prices will fluctuate strongly on this news-filled dayGOLD three nowadays appears to be jogging across the region from 2146>2162.
Tonight at 1 o`clock there might be FOMC information. In addition, this week there has been additionally a variety of sturdy information that affected the market.
>With the Current Price Trend, Everyone Continues to Watch Sell Gold Following the Trend Around Area 2159>2162
SL 2164
TP 2150>214x
**Note: If Gold does now no longer destroy thru Zone 2146 nowadays, you could Buy Surf in step with the response zones from 2146>2150.
Like Today's Price Plan, if Gold breaks thru Zone 2164, it's far in all likelihood that the rate fashion will opposite to the Buy side. So all buyers need to control their capital.
If there may be any new information, I will replace more 😊😊
----------NEWS------------------
According to Kitco, gold charges are below stress however keeping aid around $2,one hundred fifty as housing production withinside the US multiplied 10.7% in February.
Residential production rose 10.7% closing month to an annual charge of $1.521 million, the Commerce Department stated. This year, housing production multiplied 5.nine percent, the document stated.
The gold marketplace did now no longer react a whole lot to the today's housing marketplace statistics because it persevered to look a few sturdy promoting stress. April gold futures closing traded at $2,157.70 in line with ounce, down 0.30% at the day.
The marketplace is looking ahead to a clearer stance from the United States Federal Reserve (FED) on lowering hobby prices at its assembly this week. In theory, if hobby prices do now no longer lower, the USD will boom in value, negatively affecting the fee of gold. However, this professional predicts that no hobby charge cuts can be made, and gold charges will preserve to boom.
The marketplace is watching for new revelations approximately the FED`s subsequent direction, particularly the predicted time to begin slicing running hobby prices and the predicted degree of cuts this year.
Adrian Day - Chairman of Adrian Day Asset Management, stated that gold charges are displaying symptoms and symptoms of healing because the FED and imperative banks put off slicing hobby prices. The marketplace waits for sure indicators from imperative banks withinside the close to future.
Meanwhile, Bob Haberkorn - senior commodity dealer at RJO Futures, stated that gold charges are very touchy to inflation statistics. This is crucial statistics for the FED to determine while to regulate hobby prices this year.
Marc Chandler - Managing Director at Bannockburn Global the Forex market believes that gold charges can also additionally lower this week. From breaking the fee degree of 2,one hundred fifty USD/ounce, gold fee can go back to 2,a hundred thirty or maybe 2,one hundred ten USD/ounce. However, he's involved approximately the opportunity that gold charges can also additionally fall to 2,one hundred USD/ounce
XAUUSD is about to start falling sharply!
The upcoming Fed monetary policy is an important turning point.
in the gold market. It’s the long positions that should be worried. The U.S. dollar rebounded sharply ahead of schedule when expectations for a rate cut fell. Gold also fell sharply due to the impact of the US dollar. Interest rate cut digested in advance? Still continue to cut interest rates! It's like holding a ball of paper in one hand. The other hand is blank. Let you guess! Of course I don't like doing this. I prefer to do things that are certain. For example, follow the market in advance and focus on selling gold orders.
Brothers who follow me all know. I have been selling mainly since last week. Of course, there was also a rebound market in the middle. Just depends on the timing. Friends who follow trading signals have a deep understanding of the accuracy of the instructions. The market continues to change, and what I have to do is follow the current trend and make accurate trades. In this way, VIPs will feel that they are worth their money.
Judging from the current situation, expectations for an interest rate cut in the Federal Reserve minutes are still expected to be delayed, but after the corresponding data is released, there will probably be a limited decline (in the US dollar). Then bounce back quickly. So when it comes to trading, I think selling gold is the main option. A sell-off at higher levels is likely. Of course this depends on the actual results.
At present, gold trading is still mainly selling. Today's sell order at 2162 has hit the take profit target. The sell order at 2157 also hit the take profit target. The current selling position of 2153 and above continues to wait for the hit of the profit target. The pressure above is currently at 2155-2158, and the pressure below is at the 2148 line, but I think the decline will continue to expand. In the short term, it is expected to continue to a position near 2140. Wait patiently.
Stay tuned for further updates. This way you won't miss out on good trading opportunities.
I hope everyone can get more good profits.
Gold Trends: Navigating Market Volatility and Safe-Haven DemandLet's explore the latest trends shaping the world of gold amidst market volatility and safe-haven demand. Here's a snapshot of what's happening in the gold market:
Gold prices have exhibited resilience in recent sessions, reflecting investors' appetite for safe-haven assets amid ongoing geopolitical tensions and economic uncertainties. Despite fluctuations, gold continues to serve as a reliable store of value and portfolio diversifier for investors seeking stability in uncertain times.
Market volatility, driven by factors such as inflationary pressures, currency fluctuations, and geopolitical risks, underscores gold's role as a hedge against economic turbulence. As central banks maintain accommodative monetary policies and governments implement fiscal stimulus measures, concerns about currency debasement and inflationary pressures elevate gold's appeal as a safe-haven asset.
Moreover, geopolitical tensions and trade uncertainties contribute to market volatility, prompting investors to flock to gold as a traditional safe haven. Geopolitical developments, including geopolitical conflicts, trade disputes, and diplomatic tensions, fuel uncertainty and drive demand for gold as a risk-off asset.
Looking ahead, market participants will continue to monitor economic indicators, central bank policies, and geopolitical developments for insights into gold's direction. As uncertainties persist and market dynamics evolve, gold's role as a hedge against volatility and a safe-haven asset remains paramount for investors seeking wealth preservation and portfolio protection.
In summary, gold's resilience in the face of market volatility and safe-haven demand underscores its enduring appeal as a tangible asset with intrinsic value. Stay informed, stay vigilant, and stay ahead in the dynamic world of gold investing.
FOMC assembly previewThis week, dangers tilt towards a much less dovish outcome, with the opportunity of a mean Fed fee hike for 2024 to 4.9% or simply fee cuts for 2024. Such a alternate could require simplest FOMC members (out of 19) to shift their expectancies to better hobby rates.
Notably, Fed Chairman Powell said that the FOMC desires to see ongoing low inflation to have the self assurance to provoke hobby fee cuts in his maximum latest press conference. Instead, records in latest months indicates excessive inflation (if now no longer outright increase) and persevered energy withinside the exertions market, suggesting that Jerome Powell and organisation might not want to reduce Strong hobby fee discount as formerly expected.
XAUUSD:Continue to short
It is currently in a very obvious downward trend channel. As long as the resistance is not broken, shorts will have a great chance to make money.
So in yesterday's view, I mentioned the resistance of 2164, and the market fell back after hitting this point.
It is now in the middle position. Whether it is long or short, there are actually opportunities, but don't trade too many at one time. The upper resistance is near 2162-2166. If you can't break through, you can try to go short. This space will be larger.
GOLD-Today's strategy
There are many factors affecting the market this week. Central banks of various countries will be the focus this week. The Bank of Japan and the Reserve Bank of Australia will announce their interest rate decisions on Tuesday, the Federal Reserve will announce their interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will announce their interest rate decisions on Thursday. The market will also look at Tuesday's U.S. housing starts and building permits, as well as Thursday's weekly jobless claims, Philadelphia Fed manufacturing survey, PMI preview data and existing home sales
Gold trading this week is more focused on the news. On Tuesday, the Bank of Japan made an interest rate decision. This is Japan’s first interest rate hike after more than ten years of negative interest rates. The uncertainty will have a huge impact on the market. On Wednesday, the Federal Reserve’s interest rate decision is likely to be announced by the market. There will be no interest rate cut this time, let alone a rate increase, which will also have a certain impact on the market. Therefore, before discussing this week's market, I would like to remind everyone that this week has both good opportunities and greater risks. Please pay attention. risk control.
After gold fell sharply on Tuesday last week, it is basically confirmed that the peak of this rise is currently at 2195. It fluctuated up and down many times on Wednesday, Thursday, and Friday, and tested 2150 many times. Today it finally fell below the 2150 support, although it has not turned into a decline for the time being. trend, but it can be judged that gold’s strong rise has weakened
Gold will definitely fluctuate repeatedly. The resistance points in the chart above are for your reference. You can make reasonable arrangements based on your funds.
XAU is in a short-term DOWN trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices.
⭐️ Personal comments NOVA:
Gold price broke through the $2,150 support zone in the opening session of the week.
Shows that the corrective DOWN trend continues to prevail
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2163 - $2165 SL $2170
TP1: $2155
TP2: $2148
TP3: $2140
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD:Mainly going short tomorrow
Today's short trade was very successful, I hope everyone made money.
Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling.
Strong resistance is at 2180-2186. From a trend perspective, the probability of breaking through here is low. Unless there is better news favorable to bulls, trading will continue to be dominated by shorts.
Consider the 2145-2134 range below, followed by the vicinity of 2128.
The above is tomorrow’s trading strategy. If you have any questions, please leave me a message.
I wish all my friends who follow me can make satisfactory profits.
Gold maintains downtrend, continues to sell on reboundAfter repeated shocks, the price of gold began to show a weak situation. The key support level of 2150 has been tested for the third time, while the high points above are constantly pressing downwards. The triangle shock situation is nearing the end! I believe it is not difficult to fall below 2150 within the day, so I think it can be sold directly now! The target is gradually looking towards 2140-2130!
Technical analysis shows that the recent trend of gold prices is mostly running below the moving average dead cross, showing a weak short-term pattern. At this stage, the moving average pressure is at the 2161 line, while the upper trend line pressure is at 2168. The upper side is facing dual pressure levels, and The bottom only faces the support of 2150, so the situation only needs a little stimulation to achieve a breakthrough!
Wait for gold to rebound and sell todayThe price of gold has fallen below the trend line and stabilized, and its trend has entered the stage of adjustment. However, it is unknown where the adjustment will be, but what is certain is that the rising momentum has temporarily come to an end, and the next operation will turn to high selling. The main idea is that when the gold price rebounds to around 2170, you can boldly sell!
Technical feedback shows that the current one-hour trend has fallen below the support of the moving average and trend line. The upper moving average dead cross pressure is at 2170. At the same time, the gold price has fallen below the Fibonacci 0.236 support level of 2155, which means further support. Will look towards the 2130 line, which is the 0.382 retracement! At present, there is still a large profit margin below, and grasping the rhythm of the market is the only way to keep up with the rhythm of making money!
Gold prediction nowadays March 15A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75.
Break of weekly top/near above 2180 is wanted to mark resumption of uptrend with similarly resistance objectives concentrated on distinguished slope confluence near ~2220s and 100% Extension of upside greater extensively in 2022 at 2277 .
GOLD START OF A BEARISH RUN!?This week, I'm eyeing shorting opportunities in Gold. After witnessing strong bearish momentum last week, I anticipate further downward movement to breach nearby lows, which are acting as liquidity points. Additionally, I've identified two nearby supply zones from which I expect price reactions.
I'll exercise patience as I wait for price to test the lows and subsequently retest the supply zones. Once I receive confirmation on lower time frames, I'll consider initiating sell positions to potentially ride this emerging temporary trend in the coming weeks.
My confluences for GOLD sells are as follows:
- Gold has lots of imbalances below that need to be filled from previous rally.
- Lots of liquidity to the downside in the form of trend line and asian lows.
- Two nice supply zones left near current price that we can potentially sell from.
- In order for price to continue bullish price must retrace back down.
P.S. In the case of gold, there's abundant liquidity on both sides, particularly with numerous Asian highs yet to be taken out. It wouldn't be surprising if price consolidates until Wednesday, when we anticipate the FOMC to significantly impact market movements.
Have a great trading week everyone!
XAUUSD (Gold): Descending Triangle.📈This analysis identifies a potential descending triangle pattern forming on the XAUUSD (Gold) chart after the price successfully reached the target zone within a two-channel price movement.
Key Points:
The price action established a two-channel pattern with defined support and resistance levels.
The price successfully climbed to the target zone within the channel.
Following the completion of the channel target, a descending triangle pattern is emerging, suggesting a potential downward price movement.
Breakdown:
Two-Channel Pattern: The XAUUSD price moved within a well-defined channel characterized by a support level and a resistance level. This price movement indicates a period of consolidation or price discovery.
Target Achieved: The price action respected the channel and reached the anticipated target zone within the channel boundaries.
Descending Triangle Formation: After reaching the target, the price started forming a descending triangle pattern. This pattern is typically seen as a bearish continuation signal, suggesting a potential price decline.
Targets:
The descending triangle pattern typically projects a price move down to the height of the triangle measured from the breakdown point. In this case, the target would be around 209 (assuming the breakdown occurs from the current price level).
An additional target could be 1989, potentially aligning with significant support levels or previous price swings.
Confirmation:
A confirmed breakdown from the descending triangle pattern would strengthen the bearish outlook and increase the likelihood of the price reaching the projected targets.
Overall, this analysis highlights a potential bearish continuation pattern on XAUUSD following the completion of a two-channel target. Traders should closely monitor the price action for a confirmed breakdown from the triangle to validate the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.