If gold breaks through and stabilizes above 2327 tomorrow, consider the 2338-2345 range. At that time, the probability of a fall back is high, and you can choose to short. If it falls below the support near 2335, the target can be set near 2328.
If it encounters resistance near 2335 and cannot break through, first consider the support of 2327-2323. If it falls...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
The 4-hour moving average of gold is still in a downward bearish position, and the gold shorts are not over yet. Gold has fallen back quickly after every recent surge. The situation is still controlled by short sellers. Don’t be fooled by the strong rebound of gold bulls on the surface. The rebound is a better opportunity for short sellers.
We have continued to be bearish recently and have made good profits. During this period, we have repeatedly emphasized that the rebound is not a reversal, and the decline is not over yet. Today we once again choose to sell at the rebound high.
The 4-hour moving average of gold crosses and runs downward, the falling K-line is arranged, and the opening is widened....
According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
Hi guys, my family and I traveled for two weeks for my father's birthday. I hope everything is going well for everyone in these two weeks!
Gold successfully reached our target of 2280 on Friday. This time the profit is very good. At present, from the perspective of the pattern and indicators, there is a need for a rebound, so you can start to go long at a low...
Gold fell again at the opening of Monday. Currently, the support is at 2286-2278, and the resistance continues to be observed near 2313. The focus of this week's trading is to short at high levels, with the final target near 2218.
If the shorts are strong and fall below the support near 2278, strong support will appear in the range of 2274-2269 in a short...
Today, I for my part see the fashion view and tradable regions rotating at 232x-229x
>Currently Gold is reacting to the resistance sector round 2306>2308
In addition, I additionally see Gold nevertheless in Bien Ma reporting a decrease
With this Zone, you could alternate and recollect coming into each Buy and Sell Borders
>Sell Gold round 2309>2311
SL 2313
TP...
Today is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of ...
Gold is retesting the trend support line. Combining the pattern and indicators to analyze, the probability of breaking the support is greater, so the trading strategy is to short, tp2301
World gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot.
The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree...
I suppose GOLD is presently on the Sideway Threshold, with a charge variety of round 10.
>Currently you could Buy Gold Again According to the Trend Plan in H1 vs H4
>I will propose following each instructions so that you can observe the transaction with peace of mind
>Can purchase GOLD round 2316>2320
SL 2314
TO 2328>233x
>If Gold falls beyond 231x, promote...
Reason for Sell
1. Bearish Spinning Top in 4h
2. Bearish Engulfing in 4h
3. W Pattern expexted when reach Resistance 2320
4. Bearish Flah Pattern Formed in overall
Overall Possible Outcomes
XAUUSD SELL @ 2325-40
TP 1 2300
TP2 2280
TP3 2440
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article.
In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Gold's non-farm positives are significant, but technically, it's still in a bearish trend. Currently breaking through new lows, the bearish trend continues. Our strategy of selling at high levels this week also ended perfectly, with successful profit-taking at multiple TP levels, yielding very good profits.
Technically speaking: Gold's 4-hour moving averages...
After the recent continuous fluctuations in the gold trend, the short-term bulls finally broke through the defense, and the price broke through 2323 and then started a unilateral decline! The lowest level reached 2284. From the daily line of gold, it fell to around 2291 at the beginning of last week and then rebounded. Then it rebounded to the highest level of...
The Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of...
