Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
Xauusdsignals
Gold remains bullish above 2150Last week, after establishing a solid foundation in the 2150 zone, OANDA:XAUUSD experienced a rapid ascent, reaching a new all-time high at 2222.
However, profit-taking ensued, causing the price to retreat below 2200. Despite a 700-pip drop, the overall structure remains bullish above 2150.
Consequently, my strategy entails buying dips in anticipation of a retest of the 2200 figure.
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
GOLD (XAUUSD): Sticking to The Plan! 🏆
The structure support that we spotted earlier on Gold
remains respected and we saw a strong bullish movement from that this week.
Feels like this bullish spike is just a manipulation.
Next week, we will most likely see a test of an underlined blue support one more time.
As I previously said, its bearish breakout will be an important event
that will signify the initiation of a correction movement.
Daily candle close below that will confirm a violation.
A bearish continuation will be anticipated to 2090 support then.
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XAU/USD | GOLDSPOT | New perspective | follow-up detailsGold takes a step back in the wake of sizzling US inflation data and the Federal Reserve's cautious approach towards policy easing. The anticipation of the US Federal Reserve's easing cycle gets a reality check as robust US economic data pushes back the much-awaited commencement. Fed Chair Jerome Powell's call for patience aligns with the hotter-than-expected inflation numbers, reinforcing the need to adhere to the current monetary policy stance until inflation trends signal otherwise.
Currently, the Federal Open Market Committee (FOMC) awaits greater confidence in inflation's return to the 2% target before contemplating rate cuts; with market projections hinting at potential cuts kicking in from the latter half of 2024. The shift in market sentiment from earlier expectations could put a lid on the price surge in the coming weeks.
In this video, we delve into our strategic positioning amidst these market dynamics, offering insights into how we intend to navigate the impending moves in the Gold market.
XAUUSD Technical Overview:
In this video, we conducted a comprehensive analysis of the XAUUSD chart, utilizing both technical and fundamental perspectives. Our examination included an in-depth study of key levels, historical price movements, market behaviours, and the interplay between buyers and sellers, aiming to unveil potential trading opportunities.
Our focal point for the week is the $2,155 zone, endowed with historical significance, rendering it a pivotal level. The sustainability of bullish momentum above this zone could pave the way for continued buying pressure, potentially propelling prices to new highs. Conversely, the appearance of a reversal pattern or a breach below the $2,155 level, coupled with persistent selling pressure, might signal a resurgence of bearish sentiment.
#GoldMarket #SafeHavenAssets 📺🔔💼
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
New highest price range from Gold !! $2220 ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
The price of gold (XAU/USD) has reduced some of its gains made earlier in the day, after reaching a new all-time high during the Asian session on Thursday. However, it is still trading positively for the second consecutive day and is currently around the $2,200 level. The Federal Reserve (Fed) has indicated that it plans to reduce interest rates by 75 basis points this year, which has helped calm the market's concerns about the central bank lowering its projection for the number of rate cuts to just two, despite persistent inflation. As a result, the US Dollar (USD) has weakened from its two-week high reached on Wednesday, further boosting the value of gold.
⭐️ Personal comments NOVA:
Gold price reached an all-time high of $2,220, after the news of the FED's decision to keep interest rates unchanged. Still positive, FOMO from the market, Gold price continues to increase well
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2180 - $2182 SL $2175
TP1: $2190
TP2: $2205
TP3: $2220
🔥SELL GOLD zone: $2210 - $2212 SL $2215 scalping
TP1: $2205
TP2: $2200
TP3: $2190
🔥SELL GOLD zone: $2219 - $2221 SL $2226
TP1: $2210
TP2: $2200
TP3: $2180
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 Starting a new Mega Cycle. One last pull-back in order?Two weeks ago (March 07 2024, see chart below) we explored the possibility of Gold (XAUUSD) starting a new cyclical Mega Rally on the 1W time-frame after the recent bounce on the 1W MA50 (blue trend-line):
This has turned out to be the reality as Gold closed a 1W candle above the Resistance Zone. That is the first signal of the start of the new Mega Cycle and it will get confirmed if the price closes a 1M candle above the Resistance Zone in 10 days time, which is at 2150. If not, one final test of the 1W MA50 before a new All Time High (ATH), may be in order.
Until then, we need to consider the implications shown on the 1D time-frame, where the dominant pattern is a Channel Up. As you can see, the current Bullish Leg has so far repeating the previous one very closely and we are at the (blue) Channel Up stage that may price the new Higher High near the 1.382 Fibonacci extension from the previous High. The 1D MACD invalidating a Bullish Cross, confirms that we may be in a similar situation as on April 04 2023.
As long the 2145 Support holds, we expect 2260 as a Higher High, which should of course close the 1M candle above the Resistance Zone, indicating that the new cyclical Mega Rally may start earlier, without a 1W MA50 (red trend-line) pull-back.
If however the 2145 Support breaks, the above gets invalidated and we will have a sell confirmation. In that case, we will turn bearish, targeting the 1W MA50 and 1D MA200 (orange trend-line) on the Internal Higher Lows trend-line (as on June 29 2023) with 2035 as our Target.
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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.
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting
Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday.
During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish".
There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
GOLD (XAUUSD): Important Key Levels to Watch This Week 🥇
Here is my latest structure analysis for Gold.
Resistance 1: 2182 - 2195 area
Support 1: 2143 - 2148 area
Support 2: 2077 - 2088 area
Support 3: 2054 - 2065 area
Support 4: 2035 - 2044 area
Consider these structures for pullback/breakout trading.
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Gold rebounds close to pressure level 2158, how to trade
Through the analysis of the golden hour chart, we know that gold first fell and then rose in the early trading, stopping the fall and rebounding at the 2146 line below.
The overall short force is a bit more dominant. In the short term, we will focus on the pressure level above and the effectiveness of the support below. Once the level is broken, the market will continue to accelerate. In the short term, we will continue to focus on short selling on rallies. The idea remains unchanged.
Trading strategy: You can go short near 2158
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.
XAUUSD:With multiple tops, shorting is the right choice
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.
Gold fees fall earlier than statistics from the USGold charges fell 0.2% to $2,171.06 an oz, at the same time as gold futures expiring in April fell 0.3% to $2,175.35 an oz with the aid of using 01:27 ET (05:27 GMT).
Bullion charges rose to a report excessive of around $2,two hundred an oz on the begin of the week, however noticed speedy consolidation after hotter-than-anticipated patron fee index information introduced again issues approximately excessive hobby prices. . market.
The sturdy CPI analyzing indicates a shift in attention to approaching readings on PPI inflation and retail sales, due out in a while Thursday. Both are anticipated to steer the Federal Reserve`s hobby fee outlook.
The information additionally got here in advance of subsequent week's Fed meeting, in which the valuable financial institution is broadly anticipated to hold hobby prices consistent and signaled no on the spot plans to start easing policy.
A collection of Fed officers have warned that hobby fee cuts may be in large part decided with the aid of using inflation withinside the coming months.
Other valuable metals consolidated in advance of upcoming information. Platinum futures fell 0.4% to $942.forty five an oz, at the same time as silver futures had been consistent at $25,one hundred seventy an oz.
GOLD TRADE IDEAHere's a trading idea for gold, considering the 30-minute candlestick pattern and the upcoming important economic data release:
Gold Trading Idea: Navigating Economic Data Release
Observation :
- The 30-minute gold chart has formed a significant candlestick pattern, which traders should monitor closely as it may indicate potential market movements.
Strategy :
1. Entry Point: Observe the market reaction to the upcoming economic data. If the data is positive and gold breaks above the pattern, consider a long position. Conversely, if the data is negative and gold breaks below the pattern, consider a short position.
2. Stop Loss : Place a stop loss at a level that invalidates your trade hypothesis, typically beyond the pattern's extremes.
3. Take Profit: Set a take profit target that aligns with previous support or resistance levels, or use a risk-reward ratio of at least 1:2.
4. Risk Management: Given the volatility expected from the data release, maintain strict risk management protocols and do not risk more than 1% of your capital on the trade.
Rationale :
- Candlestick patterns can provide insight into market sentiment and potential reversals or continuations.
- The release of significant economic data can cause heightened volatility and directional moves in the gold market.
Note :
- It's crucial to wait for the data release before entering the market, as it can significantly impact gold prices.
- Be prepared for increased volatility and ensure that your followers are aware of the risks associated with trading around economic data releases.
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This idea is based on technical analysis and should be used in conjunction with your own research and risk management strategy. Always stay informed and adjust your trades accordingly. Happy trading! 📊📈
Follow For Regular Updates, Free Signals & Analysis
XAUUSD Is this a legitimate correction?Gold (XAUUSD) eventually broke above the Channel Up on our last signal (March 04 2024, see chart below) and almost hit the 2200 Target:
It may be time to take profit on the break-out buy as the Bullish Leg since the February 14 Low is so far in perfect symmetry with the previous that peaked on December 04 2023 and potentially with the one before that peaked on October 27 2023. Both pulled-back to at least the 0.382 Fibonacci retracement level, the December one even as low as the 0.786 Fib. Even March 20 2023 even pull-back to the 0.382 Fib.
With the 1D MACD about to form a Bearish Cross (all previous ones were a Sell Signal) and the price being near the top of the wider Channel Up, Gold flashes the strongest sell signal in months. Target 1 is 2115 (Fib 0.382) and if we close a 1W candle below it, then re-sell with Target 2 at 2030 (Fib 0.786).
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Gold could have a new leg of correctionAs anticipated, following Friday's NFP report and a new all-time high nearing 2200, OANDA:XAUUSD has entered a correction phase, with the initial downward movement reaching a low of 2150. Yesterday, the price rebounded from that level, reaching a high of 2180, but is currently retracing.
Given the robust and swift appreciation of Gold's price, we may witness another leg of correction, potentially leading to a drop to 2140. Alternatively, we might observe range trading and consolidation, potentially forming a triangle pattern on our short-term chart.
With the current price at 2167, it is not advisable to initiate trades. However, for aggressive traders, selling opportunities may arise if the price rises back above 2190. Conversely, for swing trend traders, buying opportunities may present themselves if the price drops to 2140.
XAUUSD:Shorting will bring us profit
After this sharp rise in gold, the technical form has formed a lot of room for decline. The current trading idea is very clear. Just continue shorting at high levels, especially near the strong resistance level. The probability of making a profit from shorting is very high.
I will continue to publish trading strategies. Friends in need please stay tuned. If you have any questions, please feel free to contact me.
XAUUSD Wednesday Trend Analysis
Gold fell on its first day after the cpi data was released. The current price is 2156. Look at the daily line and 4H line. Gold remains in an uptrend. But there is a downward trend on the 1h line.
1/ Fibonacci first coincides with EMA in the 2165-2169 area. We can try to sell gold.
2/If gold rises and breaks through the 2174 area (the resistance level the day before yesterday), then can we wait/sell gold at 2178-2183
If gold falls directly it could trigger multiple lower resistance levels. The 2131 area is observed as strong resistance and a rebound is likely.
The price space of gold is very wide, and we need to judge the trading area based on the specific trajectory. Rather than trading blindly, I wish everyone smooth trading.
If my analysis can help everyone, please pay attention and join me, I will update my thoughts.
XAUUSD GOLD Technical Analysis and Trade IdeaXAUUSD GOLD has encountered a formidable resistance level. In the accompanying video, we meticulously assess various time frames, evaluating the potential for a bullish scenario. Our analysis delves into the intricacies of trend dynamics, market structure, and price action, offering insights for educational purposes exclusively. It is imperative to underscore that the information presented is intended solely for educational purposes and should not be interpreted as financial counsel.