Xauusdwave
Fed economic data flow chartThe private intake expenditures (PCE) fee index, which the Fed makes use of to set its 2% inflation target, rose at a 2.5% annual price in February, up from 2.4% visible in January. Core inflation, which strips out risky meals and electricity prices, rose 2.8%, down barely from a revised 2.9% boom in January. Neither parent is possibly to reinforce growth. boosted Fed policymakers` self belief that inflation will steadily go back to their target.
The customer fee index (CPI) rose 3.2% yr-on-yr in February, up from 3.1% the preceding month and better than analysts expected. Meanwhile, the benchmark hobby price with the exception of meals and electricity fees best fell to 3.8% from 3.9%, some other reminder that the Fed's inflation strugglefare ought to closing longer than expected. guess. Rising fuel and housing fees contributed in large part to the boom in CPI. Whether the Fed's hopes of constantly lowering housing fees is forthcoming stays uncertain.
Profited 17K from short gold, and continue to short goldToday’s gold trading situation is as follows:
1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520
In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits.
At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Gold builds a double top structure, short gold!Dear friends, due to the escalation of the geopolitical conflict in the Middle East due to the Israeli air attack on the Iranian consulate, gold rose for a time and once again set a new historical high. The current maximum has reached around 2267.
Judging from the current trend of gold, the position of 2267 is very extreme, because from a technical perspective, this position should be a stage high point, but stimulated by the news, there is still a probability of refreshing this position. However, one thing that is certain is that I will definitely not chase long gold above 2260, even if gold really continues to rise. Because 2267 is actually a dangerous zone for me.
From the perspective of gold structure, gold may reach the top in the 2265-2268 area many times to form a top structure, and then gold is likely to start falling from there. From a structural point of view, I predict that the highest position of the top of gold can reach around 2278, almost close to 2280.
So in terms of trading, first of all, I do not recommend chasing long gold above 2260; secondly, you can try to short gold in small batches in the 2263-2265 area. If it remains relatively stable, you can also wait for gold to rise to the 2275-2280 area before shorting gold. .
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
27/3. Will gold prices drop significantly? No, it will continue
26/3. The trend of gold is very science fiction. Like a roller coaster. When it went up, it killed the short sellers. When it fell, it killed the bulls. Dual phase harvester. But I made some profits in both directions yesterday. Friends who are paying attention know it. Yesterday, the gold market once again shot up to 2200 points and then fell back quickly. The reason is a boost in risk aversion. USD pullback. and ECB talk. It gave gold a big boost. However, gold did not stabilize when it rose to 2200, but fell back quickly. It closed near 2177.
There is no particularly big trend at the beginning of today's Asian game. Maintained within a narrow range around 2177. Observed at the daily level, the market is still consolidating at a high level. Observing the hourly line, gold bulls are eager to try. Want to continue to rise. I am more optimistic about the continued rise of gold. News: The Gaza ceasefire agreement is like a bomb, which may explode at any time and increase risk aversion. This keeps the lower support at 2165-2171. Personally, I prefer to buy during day trading.
XUAUSD:2172-2174 BUY
TP:2186
SL:2163
Remember to close the order in time to make profits when operating.
Gold will also test the 2180 area, don’t rush to chase long goldDear friends, there must be only one question for everyone now, and that is, will gold continue to fall?
I think gold will continue to fall, because gold fell back immediately after touching 2198, and the candlestick body still closed below 2195, once again showing a long upper shadow line, so the pressure above is still relatively obvious. In addition, gold only touched around the 2184 position during the decline. I think the gold's step back is not in place, so gold still needs to continue to step back. I think it will at least test around the 2180 position again.
So I think gold still needs to continue to adjust. Of course, we still hold a short position in gold and are still making good profits overall. If you follow my trading strategy, I believe you will also have good profits like me. We can continue to hold it and wait for gold's deep correction, so that our profits will be better!
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Must check before the US market opens. Otherwise you will regret
Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion.
After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price.
Additional operating instructions at the bottom.
Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3.
Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY
Gold Price Trading: Sell at 2171-2179
tp2157-2160
sl2186
Transactions are risky, so please be cautious!
The target price for gold is around 2179-2182Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion
At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news.
I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
Key factors from the Fed meetingEconomists in large part assume the Federal Reserve to hold hobby quotes unchanged withinside the 5.25-5.50% range.
Risks lean in the direction of a much less dovish outcome, with the opportunity of the Fed`s midpoint for 2024 growing to 4.9% or simply fee cuts for 2024.
GBP/USD's preceding support-turned-resistance at 1.27100 may want to placed a short-time period ground below costs and gas a healing this week
Now the Fed continues exports unchanged and gold will increase
XAUUSD New Week Buy / Sell ? Pair : XAUUSD ( Gold / U.S Dollar )
Description :
We have Break of Structure and Completed its Retracement
Impulsive Waves " 12345 " and " Corrective Waves " ABC " Completed
Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line
Strong Divergence in RSI
XAUUSD Gold Buy / Sell ?Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 1234 " Impulsive Waves. Bearish Channel as an Corrective Pattern in Short Time Frame. It has completed the Break of Structure and Retracement. 2036 - 2042 is Acting as a Strong Resistance in Short Time Frame , Possible Entry After Rejection or Breakout
XAUUSD - DAILY PLAN 01/09: Follow Up TrendXAUUSD - DAILY PLAN 01/09:
- Gold prices fell sharply today under pressure from rising Treasury yields as expectations of interest rate cuts by the US Federal Reserve (Fed) are fading and investors await inflation data. US inflation this week to provide more clarity on the future interest rate path.
- A report released late last week showed the United States created more jobs in December than economists in a Reuters poll expected. That has raised some doubts about the possibility that the US Central Bank will start cutting interest rates in March.
- According to the CME FedWatch tool, the market currently forecasts a 69% chance that the Fed will cut interest rates at the Fed's policy meeting on March 19 and 20. The US is expected to release consumer price index data on Thursday.
📌Trading plan:
🔼 Buy Gold Entry: 2019 - 2017
Stop Loss: 2014
Take Profit: 2026 -2038 -2045
🔽 Sell Gold Entry: 2048 - 2050
Stop Loss: 2053
Take Profit: 2038 - 2027
XAUUSD 10.12.23 SELL & BUY PROJECTIONReason For Bearish
1.Bearish Engulfing Formed
2.Breaked 2012 and waiting for retest 2012
3. Approaching Next Support @ 1980
Reason For Bullish
1.Obey Strong Support @ 1980
2. Obey Golden Ratio 0.631 Fibonacci retracement
Overall Possible Outcomes
XAUUSD SELL@ 2010-15
SL 2022
TP1 1980
XAUUSD BUY @ 1980
SL 1960
TP1 2000
TP 2 2020
Gold: Rise continues with 1924 direct gains
The gold hit 1930 again during the day. Although it pulled back after encountering resistance, the magnitude was not large, indicating that the upward trend continued and the bulls were strong! Continue to follow the trend in operation! The US market 1924 can be more direct!
Judging from the trend, gold is still bullish. The current position of 1930 is the early consolidation pressure position. It is normal for the market to fluctuate and adjust at this position! At the same time, we are also waiting for the Federal Reserve’s interest rate decision in the early morning of Thursday!
Gold is now treated as a shock, but it is a shock in the process of rising. The operation is naturally based on low and long! Therefore, relying on the support, we should continue to go long in the U.S. market, but we should not chase the rise after a new high. We should be short at the high position or wait for the fall to continue to go long!
Gold 1924 long, stop loss 1918, target 1940
Gold: Start to pull up the US market and continue to be bullish!
1915 The current price is long and bullish! Although the Asian-European trading market is relatively dark, it is still profitable now! The rally remains unchanged, and the US market continues to be bullish!
Gold has now clearly turned into a bullish upward trend. In the short term, it maintains a shock above 1910. In fact, it is gaining momentum for another rise, and the operation continues to be low and bullish! Next, gold will continue to rise, and the next pressure position is the 1930 position!
Relying on 1910, the U.S. market continues to be low and bullish. Recently, the market has mostly occurred in the U.S. market, and it is more direct! Wait for the explosion!
Gold is more than 1915, stop loss is 1907, and the target is 1930.
Gold: shock today, continue to be bullish to 1920
Yesterday, gold did not stand firm at 1900, but another shock, first falling and then rising, but we took profit, but it continued to increase at 1900, and continued to be bullish. At present, the main logic has not changed. If it does not break through 1900, it will not buy, and there will be many shadows in the short cycle Line support, the decline in gold prices is obviously limited, while silver rises first, gold is expected to follow closely, and continue to be bullish on gold. It can be more directly around 1885-1900, and the profit stop zone is at 1995. Pay attention to controlling risks.
XAUUSD: Summary this week and analysis next week
This week's market is over, during which time our signals were very accurate and we made a good profit. Next week, the precious metals market will usher in the Federal Reserve interest rate resolution, followed by Powell's speech, these news will bring big fluctuations, and the wonderful continue next week, everyone continues to pay attention to, must stabilize returns
The US index rebounded in a volatile week, the Fed's decision to raise interest rates next week is expected to support the dollar recovery, the next week, the market will usher in a super week of central bank meetings. The Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of Canada will all release their latest decisions. On the economic front, attention will be focused on the preliminary U.S. second-quarter GDP and initial jobless claims data on Thursday, and the final University of Michigan consumer sentiment index for July on Friday
Join me and don't let procrastination and hesitation stop you from making money!
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 that GOLD will go UP to 2070 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..