Gold trading signals: 2016 is very important
Friends, today we successfully traded NFP data. We started shorting around 2037 and took profit in 2023, 2011, and 2000 respectively. This transaction brought us a very good profit!
Next, we need to pay attention to the resistance: 2016, 2026-2032, 2039-2047
Support 2016, 2006-1998
You must be curious why both support and resistance have 2016, because this is currently an important position for long and short attention. If it can't break here and successfully switch it from resistance to support, then we don't need to consider other resistance. Just short trade at the high point.If we can break through, we can trade long, and the goal can be set near the remaining resistance.
Finally, I want to tell everyone that no matter how many years you have been trading, no matter whether your trading is losing or earning, follow me and you will definitely have more gains!
Xauusdsignals
On Monday, gold rebounded and shortedBecause gold fell by US 50 on Friday due to the impact of non-farm payrolls data.As the retracement space increases, it will make the recovery insufficient, so for gold as a whole, it is still biased towards short-selling, so in trading, we mainly maintain the idea of rebounding and shorting gold.So when we are trading on Monday, we can execute according to the following trading rhythm.
1.Don't chase short directly, because as the room for retreat increases, the market's risk-averse buying still supports gold, and gold may be pushed up at any time, so don't easily chase short gold directly at a low level.
2.Pay attention to the 2030-2040 resistance area above. If you enter the resistance area for the first time, you can appropriately consider shorting gold.
3.The following support focuses on the 2007-2005 area, and further focuses on the 2000-1998 area.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish more detailed trading rhythm and entry positions in my channel.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
XAUUSD rising within the Channel Up on the 4H MA50Gold (XAUUSD) hit both of our targets on our previous short-term analysis (see chart below) as not only did it hit the top (Higher Highs trend-line) of the March Channel Up, but it also pulled back to the 4H MA50 (blue trend-line):
As we pointed out, we expected that to be the Support and the recent rally since hitting it, validates that expectation. We expect this rebound to extend as high as the top of the Channel Up, hence target 2075. That is still under the 1.382 Fibonacci extension, which was the target on the previous two Higher Highs waves.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD - 1H Gold price will fall more The last buy leg was quite weak, and after that, the price had a considerable fall, so we expect the gold price to fall more for the next few days and trade under $2000 this week.
Although there are several bullish signs in the higher time frames, in the 1H chart and lower time frames, the price can fall more,
As a result, we will be cautious about buying positions and wait for more confirmations.
XAUUSD hit the August 2020 Resistance! Can it close above it?Gold (XAUUSD) hit the 2075 Resistance that was formed on the August 07 2020 market Top and was the level that made a new aggressive rejection on the March 08 2022 High, in the midst of the Russia - Ukraine war.
So far it has reacted with a rejection in the early trading sessions. They key in our view is the weekly (1W) candle closing. As long as it closes below the 2075 Resistance, we will short targeting the 1D MA50 (red trend-line) on the 0.786 Fibonacci level at 1975. If the 1W candle closes above the 2075 Resistance, we will target 2190, assuming a similar rise range of +21.26% as the January 30 peak.
Keep an eye on the 1W RSI, which could be an early indicator. It has been trading under a Lower Highs trend-line since August 19 2019. Today it broke above it and turned overbought at 70.00 as it did recently on the January 2023 High. This may be an indication of a long-term break-out but at the same time getting overbought on 1W implying that a relief pull-back (that usually touches the 1D MA50 at least) may be in order.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD Made the expected bullish break-out. 2070 on sight.Our Gold (XAUUSD) outlook is intact since last week's buy signal after the closing above the 4H MA50:
Our target remains 2070 which is the top (Higher Highs trend-line) of the medium-term Channel Up pattern. Every pull-back to the 4H MA50 (blue trend-line) is a buy opportunity.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold (XAUUSD): Key Levels to Watch This Week 🟡
Here is my latest structure analysis for Gold:
Resistance 1: 2004 - 2015 area
Resistance 2: 2040 - 2048 area
Support 1: Expanding area based on a falling trend line and 2 horizontal supports.
Support 2: 1934 - 1940 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
XAUUSD 28/4/23 Outlook. Back into the range. Good evening gold gang! Another great day on the charts as we got the sells right at NYSE open. Beauty.
/im going to be brief with this one as we are back in the range now .. hugging that 1993 yet again. I feel there is going to be some kind of big announcement coming that will blast gold out of this range .. might get it tomorrow
Buys and sells are set at the extremes of the range with targets too.
I’m running out of battery so i gotta be quick hah .. thanks again for all the likes and follows today .. means a lot. This really has become a passion of mine since Xmas .. helping guys get their head around the yellow metal.
Please like and follow along for more gold updates
TommyXAU
XAUUSD | New perspective | follow-up detailsGold prices continue to trade below the 2,000 level for the second week straight hereby maintaining its choppy situation on the charts which has been attributed to the uncertainty over the path of interest rates decision by May 3rd; It is expected that events in the coming week should make things much clearer. Economists project that the Federal Reserve will agree on another quarter-point increase which will bring US interest rates to a peak of 5.25% and insinuations that the Fed is not done with rate hikes might as well give the USD a fresh upside in the coming weeks. In this video today, we looked at the charts from a technical standpoint to decipher the potentials that price movement has in the coming week(s).
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD on a breaking point. Get ready for the big move.Gold (XAUUSD) closed above the 4H MA50 (blue trend-line) yesterday for the first time since April 14. This is the first major bullish signal in a while but it is not confirmed yet as the price remains and in fact got rejected on the (dashed) Channel Down.
A 4H candle close above it will be a buy signal for us, targeting the top of the Channel Up at 2070. On the contrary, a closing below the 4H MA200 (orange trend-line) will be bearish, targeting the 1D MA50 (red trend-line) at 1940.
Note the there is a Higher High Bullish Divergence on the 4H RSI, having rebounded after getting oversold.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Gold- Range is tightening, support is rising. Up break next?In my yesterday's comment, I said that is better to wait for clarification in Gold's case and it looks like we are closer and closer to a resolution.
Looking at price action since Monday we observe dips are bought and although we have reversals from above 2k, buyers are entering the market higher and higher thus rising the support level.
This, in my book is pressing up, and there are great chances of breaking resistance.
As explained yesterday, a break above 2010 would expose 2050 recent high but with the price gaining momentum, I wouldn't be surprised to see it making a new ATH.
XAUUSD 25/4/23 outlook bearish dollar?Good evening gold gang! hope you are well and survived a very boring day on the gold chart. No news today causing price to range for most of the day trapping traders long and short. Not me though, my levels remained untouched so i stayed away. Thats experience for you hah
So for tomorrows price, we have some news late in the day which could cause price to range again .. so be aware there could be little volume. If we get some then i have the same levels marked out with an extra zone for the buys. I have left a gap in the middle as its very messy and would not be trading in that zone .. its also a potential fake out zone for price to reverse .. so best to stay clear.
DXY still in that bearish channel and will close below 101.45 tonight. last time it did this is fell down driving gold up. Lets see.
Buys above are very nice with lots of clean range to fill.
1993 key level still respected as it has been all April, so we are due some movement away from it. Sells below the 70s marked up.
Have a great evening gang .. remember if you are taking the trades .. 30 min min candle close into the zone before executing .. take profits along the way dont get greedy.
Thanks for 700 followers wow!! .. hope im providing you with good content and helping the community. Please like and follow along if i am.
tommyXAU
XAUUSD 24/4/23 Im still bullish on the HTFGood evening gold gang!! hope you had a good weekend, relaxing .. popping bottles, whatever .. as long as you did some backtesting! ha
Ok on to tomorrows outlook .. as the title says, im still kind of bullish on the higher time frame as daily candles are still rejecting the key area 1973 area. Price did close bearish last week below the daily death range i talked about .. but im still seeing DXY moving downwards in a channel and id like to see a pull back to the 1993. As usual though, ive covered you both ways .. because thats how i trade.
The sells id like to see below the 1973 with a strong candle close. Target is placed below, make sure you pay yourself first as i always say.
The buys a little further up BEFORE the daily high at the 1993 key level .. this is because the range above is messy. Id like to get in and out before that sh*t show.
Lets see where we open! ill be in bed as im super tired .. so i hope you get a trade during the session .. if not .. ill be back in london.
Safe trading gang .. please like and follow along for more gold trading tips and ideas.
tommyXAU
XAUUSD BUY PROJECTION 23.04.23Reason Behind XAUUSD Bullish
1. Last Week Bearish Engulfing candle confirm the further downward Movement towards 1950 Which is Major Support
2. After Clear sell off and Obey the stronger Support and rebound and make teh higher High
3. Breakout above 2010 and Clear Strong Buy
Overall Possible Outcomes
XAUUSD BUY @ 1950
SL 1930
TP 2050
XAUUSD | New perspective | follow-up detailsThe majority is in a dilemma of whether or not the US central bank is ready to pause on rate hikes. An insight could shape the narrative in the Gold markets, as inflation and recession prospects counteract the demand for the yellow metal. On Friday, we witnessed the mini-crash in prices of gold which was a result of the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and weigh on gold. Going in to the new week, is the Gold on track to a new record peak? This video, illustrates a detail technical explanation on what we shall be looking out for in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAUUSD - GOLD CURRENT SITUATION#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Due to the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was slightly SELL. It is definitely a very important indicator for the FED. Currently, MARKET RISK is being OFF. CPI DATA was quite POSITIVE this week.
Anyway we expect GOLD to go DOWN to 1855 LEVEL. Before that, GOLD can go up to 2033 LEVEL with the FOMC UPDATE. Be careful..
XAUUSD One step away from a major sell-offGold (XAUUSD) is testing the bottom (Higher Lows trend-line) of the Channel Up that started a month ago (March 20). The previous two times it hit this line, the price rebounded and a new Higher High was made.
This time however the price has already been rejected twice on the 4H MA50, which keeps the short-term bearish (until it closes a 4H candle above it). With the 4H RSI oversold below 30.000 for the first time since March 07, we expect at least a short-term rebound towards the 4H MA50 and target 1995. If the candle closes above the 4H MA50, we will extend our buying strategy towards the top of the Channel Up, targeting 2060. If however we see a candle closing below the Channel Up, we will go short, targeting 1940 initially and upon a new 4H MA50 rejection, 1900 on the 0.618 Fibonacci.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
XAUUSD Short-term pull-backs mean nothingThis is Gold (XAUUSD) on the 1M (monthly) chart where the long-term direction is best seen. Apart from the fast that it has been rebounding on the 1M MA50 (blue trend-line) since October, we can see that it has been trading within a Pitchfork, treating each trend-line as Resistance/ Support. At the same time, it gathers buyers every time the 1M RSI hits its Higher Lows trend-line and starts strong rallies when the MACD makes a Bullish Cross. The last such cross was completed on March.
This indicates that every short/ medium-term pull-back on Gold doesn't affect a strongly bullish long-term trend in a market that based on the Pitchfork has incredible upside potential.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇