Good afternoon gold gang!! hope you're having a good day
The forecasted sells finally came after the predicted consolidation before news. I took the sells impulsively is it broke the key level and it began to rise up to my first target.
Price continued t rise as the DXY fell and smashed through my target on to my second level (marked in red) .. i have a small...
Entry: $1835-$1840
Take Profit 1: $1810
Take Profit 2: $1800
Stop Loss: $1850
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As we approach Friday, it's clear that the impact of the US non-farm payroll data for February is significant.
Powell's emphasis on accelerating interest rate hikes during his monetary policy testimony to the Senate on Tuesday resulted in a sharp decline in the price of gold. Powell reiterated his stance on Wednesday, stating that he would focus on economic data...
Gold has shown a double bottom near the 1809 level, suggesting a long position.
Continue to go long, no need to say anything else, just enter the market directly.
The downside support level is near 1802, so we will be long today with no other strategies. Get ready for a strong rally, as I am already prepared.
Trading strategy: Go long on gold at 1809, stop...
The 1830 short position on gold has been closed for profit. What can we do now to maximize profits? Looking at the short-term trend, a death cross has formed on the 15-minute chart, and with continued weakness on the 15-minute chart, a death cross on the 30-minute chart is also about to form. Therefore, it makes sense to sell at this point.
My personal trading...
In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability.
After Powell's speech, gold continued its downward trend and hit a...
The long position for buying Gold 1809 has reached around 1821, with a profit of $12. Followers can choose to continue expanding their profits based on their risk tolerance since investment always involves risk. From the trend perspective, it is within expectations to continue to rise. The first resistance level above is still at 1833, which is also the...
Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813.
Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just...
Tolerance is not weakness or submission, but rather the ability to understand others' difficulties, make up for their shortcomings, promote their strengths, and forgive their mistakes without jealousy, belittlement, mockery, or blame. Tolerance is about affirming oneself while recognizing others, and it is a state of treating life and others with kindness. Behind...
On the road to success, whether you take big strides or make small progress every day, as long as you persist, every step counts, and every drop of sweat is not in vain. Please believe that as long as you keep moving forward steadfastly, your goals will get closer and closer to you.
Yesterday, gold was under pressure and oscillated within the range of...
Yesterday's strategy for gold was to buy on the dip and capture the rebound, which was successful, reaching the first take-profit level, and most positions were likely closed. Spot gold maintained a small rebound trend during the day and is currently trading around $1,815 per ounce.
The current strategy has temporarily shifted. The previous first take-profit...
On the 15-minute chart for gold, the MACD is about to form a golden cross, which is a bullish signal. We entered a long position accurately near 1847 and are currently holding it, waiting for the first take profit level near 1853.
Thank you for your attention and support, please stay tuned as I will update our trading strategy at any time!
If you want to get the best things in this world, you must first let the world see the best of you. Time, every day is new. From today, give yourself more new possibilities: wave goodbye to the impetuous, careless, negative, and slack self. Turn your face to the sun, and there will be no shadow in front of you. Be determined to change, and life will surely...
Only when you experience setbacks in everything, you will realize that it is not easy to get. Things that are easily obtained are always too simple to cherish. This is human nature. Success is not that you don't work hard enough, but that you don't persist enough. 99% of the road is gone, but it is easy to fall in front of the 1% because you give up too...
Gold did exactly like i posted yesterday. Today I think gold may do a short term correction upto the resistance zone . Sellers dumped gold market with the powell's speech as we expected. Market is now oversold .So expecting short term bullish move. Happy Trading !
@ligandx
Instrument : GOLD
Possible direction : Short term bearish
Technical Analysis : In the opening GOLD has formed a double top on the 15minutes timeframe and created a possible reversal pattern with falling channel. The price has just closed on the support level with strong bearish candle. On 1h chart GOLD has formed a gap opening with double doji signaling possible...
As expected, gold traded within the range of 1813-1823 in the last few hours yesterday and fell below 1813 today. Therefore, our first target is around 1804, as the trend has turned from bullish to bearish. When trading, it is mainly focused on shorting at high levels.
The chart is based on a 30-minute interval, and the first resistance to be faced today is...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
