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 2050 LEVEL. After that, GOLD may go down to the 1855 level with the FOMC UPDATE. Be careful..
Xauusdforex
Is there room for gold to continue to fall?Although the weakening of the U.S. dollar has provided support for gold prices to a certain extent, because the dust has settled on the acquisition of Silicon Valley Bank assets by First Citizen Bank, European and American bank stocks have risen sharply, suppressing the market's risk-averse demand for gold. Investors have scaled back safe-haven trading and turned to riskier assets. U.S. bond yields and U.S. stocks have risen, and gold is under further selling pressure.Judging from the recent trading days, the gold price has repeatedly surged above the 2000 mark and then fell back. The morale of the bulls has been obviously frustrated. Investors need to beware of the possibility of gold price shocks reaching the top.
Judging from the recent trend of gold, the high point began to show signs of M-head regression, and the short-term pressure fell back, and the continuous touch of the high point failed to continue, becoming a short-term high pressure zone.Although the upper side is under pressure, it is difficult to reverse the trend and become a unilateral downward market in a short period of time. Here, a range-oscillating market may be constructed.For the intraday market, pay attention to the suppression of the upward rebound in the short term. If the yellow metal is under pressure and stagnates, you can go short at a high level and continue to look down.
In the short-term operation, the rebound can pay attention to the pressure on the first line of 1973-1974, and the support can first look at the recent low of 1935.
Short-term trading reference: sell gold at the 1969-1970 position, stop loss level 1974, take profit level 1960-1955
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XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Symmetrical Triangle as an Correction in Long Time Frame and Rejection from the Upper Trend Line
Divergence
Break of Structure
It can make its Triple Top
Impulse Correction Impulse
Completed " ABC " Corrective
Rejection from the Strong Daily Resistance Level
Gold bulls are brewing the next round of outbreak?Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.
Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.
In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.
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Million challenge:XAUUSD @1985 BUY
I have started serializing my Million Challenge. Today is the first day of trading, and I will record every operation. Gold has been bought at 1985, with a take profit (TP) set at 1995. If the position is broken, it will continue to rise. I will make the account reach ten million within a month, and the trading signals will be continuously updated. Let's witness it with time!
I will provide a password for observation and ensure that it is a real account.
Gold prices are higher and are expected to hit 2010 points againDue to the Federal Reserve's hint that it is about to suspend interest rate increases, and Yellen's speech created a warming of bank risks, gold today continued yesterday's rally and edged higher again.The overall trend showed an incremental increase, reaching the highest level of 1983.7.
Judging from the trend of gold prices, yesterday's daily gold line closed as the mid-yang line, recovering all the mid-yin K-lines of the previous day. After the daily double-yin adjustment, the positive K-line recovered, and there were slight signs of a stop in the short-term, and the local area will temporarily enter a high level of volatility.It may remain in the high range and pull the saw back and forth, entering a daily-level shock correction.
Judging from the 4-hour level chart, the current short-term support is relatively firm, and the upper side is initially facing the first-line pressure of 1985, and the lower short-term support is on the first-line of 1965.Judging from the fragile sentiment of the market, gold still tends to rise. If it effectively stands above 1985 in the process of rising, the gold price is expected to hit the recent new high near the 2010 position again.
In the short-term treatment, the lower support is near 1965, and the initial pressure above is near 1985.
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Gold price bears regain control of the market?Philip Fisher once said that investment inevitably depends on luck in some places, but in the long run, good luck and bad luck will balance out, and continuous success must rely on skills and the application of good principles.
At present, the main rhythm of gold is still heavily affected by fundamental emotions, and the short-term technical trend is not expected to prevail, but technically it is still necessary to pay attention to and predict the position.
For the current market, gold has fallen into a consolidation stage after falling from its high, and the intraday upward movement has stagnated, so the current market may be further repaired and adjusted at a small level, and seek stronger support downwards.The current neckline resistance is in the 1960-1965 area.
Judging from the current strength of the rebound, the current risk aversion has cooled down, and short-term pressure measurement from 1950 to 1953 may be relatively difficult. It is very likely that it will be adjusted again after a short rebound, and the current short-term support is near the 1930 line.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Dovish interest rate hike, good harvest in gold trading!The Federal Reserve is dovish and raised interest rates by 25 basis points as scheduled, and gold's short-term increase has expanded to more than US220, reaching as high as 1966.55.In just a few minutes, have you grasped this wave of huge profits?
Before the interest rate decision, I have reminded that the limit price is set around 1945 in advance to order a buy, the take profit is set to 1960, and the stop loss is set to 1942. Only use the loss space of 3 US dollars to gain a profit space of 15 US dollars.Obviously, we got a profit of 15 US dollars.
Why is it necessary to set a limit price in advance to order to buy instead of choosing to sell?I give the following reasons:
1.Due to the spread of the banking crisis and the credit crisis, it is impossible for the Fed to choose to raise interest rates by 50 basis points, otherwise it will cause concerns about the global economy and exacerbate panic; therefore, the Fed will choose to raise interest rates modestly or not, and dovish interest rate increases will support the rise in gold prices.
2.Even if the Fed chooses to raise interest rates by 50 basis points, it will cause concerns about the global economy and the spread of panic will promote the inflow of funds into safe-haven asset gold, so gold will continue to rise after a short-term decline.
3.In addition, multiple supports below the technical side are strong, and there is limited room for gold to fall. After the recent decline, gold has a need to repair and rebound.I don't know how to analyze the technical aspects in detail. You can choose to take a look at the analysis of the previous article.
Based on the above, that's why I chose to set a limit price near 1945 in advance to order a buy, and of course I also achieved good results.Have you kept up with the pace of trading?
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The rise in gold prices is over, has the decline opened?Only when you experience setbacks in everything will you realize that it is not easy to get, and what you get easily always feels too simple to cherish. This is human nature.Success is not that you don't work hard enough, but you don't persevere enough. 99% of the way is finished, but it is easy to fall in front of 1% because you give up too early.
As the market digested the news of UBS's acquisition of Credit Suisse and the joint actions of the six major central banks such as the Federal Reserve, the market's risk aversion fell, and the gold price fell from the key mark of US 2,000 in volatile trading. It is currently trading near the 1964 line.
From the perspective of gold price trends, gold surged to a position near 2009 yesterday and then fell sharply by more than 40 US dollars, and finally closed a negative K line with a long upper shadow line. This pattern generally indicates that the pressure above has begun to increase sharply, and technical indicators show that the oversold resonance is very obvious.
Although there are obvious signs of a decline in gold prices at present, the trend formed by the large cycle is not easy to turn around in a short period of time, and market sentiment continues to be fragile, and the uncertain macro background will continue to attract gold buying.So I think there will be repeated situations here in the short term. Even if the bulls start again, they still need to repeatedly adjust the step-back confirmation process.
In the short-term treatment, the lower support is in the 1950-1955 area, and the upper resistance is in the 1980-1985 area.Operationally, high-throwing and low-suction operations can be carried out in this area.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce.
It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further.
Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure.
In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
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Strong bulls and no bears, gold trend is expected next week!During the US stock trading session, gold rose sharply due to the sentiment of the banking crisis in Europe and the United States, and finally closed at US 1988.3 per ounce.Judging from the current strong bullish energy of bulls, the bullish sentiment of retail investors is high, so gold still has room to rise.
On Friday, gold still rose after the shock, and continued to expand its gains, thus touching the vicinity of 1937. The rally still failed to slow down. After the correction of the shock above, it failed to form a downward trend. Instead, it took advantage of the situation to continue to go up the high line, breaking multiple resistance in a row, but in the process of rising, it fell slightly after reaching the 1987 dollar line.After the rally went higher, the short-term high was suppressed, but the trend structure failed to change, and there is still some room for the increase to rise.
In the short term, it is not easy to guess the top. Before reaching the key layout stage, it is not easy to participate against the trend. The short-term structure is still strong. Take advantage of the trend and wait for the opportunity to step back and go long while not chasing the high.If there is a large pullback, then another shorting plan will be laid out.After maintaining a high level for a short period of time, the volatility is still higher after the correction, and the bulls are still strong, breaking through the previous high of 1960, so the current increase trend structure is still a strong trend.Short-term expectations are temporarily suspended.
In terms of the layout of gold next week, we should first look at the decline. The 2000 integer mark has a certain pressure. Yesterday, the US market touched near 1990 and then fell below the shadow line. The market rebounded again in the future. The upward trend is still under pressure. At present, with the closing situation on Friday, the short-term high of the closing line at the end of the week is expected to withdraw again. First look at the fall and then look at the rebound.In general, the short-term bullish trend around the strong link remains unchanged, and the gold operation thinking next week will still be based on low and bullish.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD Gold New Week MoveXAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel in Long Time Frame as an Corrective Pattern and Rejection from the LTL
Selling Divergence
It can Possibly Reject from the UTL at the Daily Resistance Level Making its Second Top
Break of Structure
Broke the Fibonacci Level - 78.60% with Strong Bullish Price Action
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Will the gold price continue to break through 1940 line upward?On March 16th, a large U.S. bank injected US 30 billion into First Republic Bank to rescue the bank from the widening crisis.Previously, Credit Suisse said it would borrow up to US554 billion from the Swiss National Bank to boost liquidity.The market's worries about the banking crisis in Europe and the United States have cooled, and the global stock market has generally risen. Investors need to beware of the short-term volatility and pullback of gold prices or even the risk of peaking.
In addition, the European Central Bank still raised interest rates by 50 basis points on Thursday.It is expected that the Fed will raise interest rates by 25 basis points at the March policy meeting, which will be slightly bearish for gold prices in the short term.Of course, the current risk-averse sentiment in the market has not completely subsided, and there are still certain safe-haven funds still pouring into the gold market to provide support for gold prices.
From the trend point of view, the top of the short-term gold level is basically all around 1930, and this position is firmly established.The 4-hour-level trend has continued to rise and fall. It is currently temporarily under pressure in the 1935 area. At present, there is a certain degree of deviation from the K-line and there are signs that it has begun to gradually fall below the short-term moving average, and it tends to be able to make a certain degree of adjustment in the short-term trend.On the hourly level, the current range compression is relatively small, and the technical pattern has also begun to gradually weaken, but the overall performance of gold is still relatively strong. At present, the overall range is wide in the 1900-1940 range. In the short term, pay attention to the support in the 1910 area, and pay attention to the resistance of 1935 above.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Can we go long on XAUUSD?
During the Asian session on Thursday, March 16th,
XAUUSD is trading in a range near $1918.34/oz, while the Swiss regulatory authority has promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment remains persistent. Moreover, the market's expectations for the European Central Bank to raise interest rates by 50 basis points in the evening have decreased to 25 basis points or even keep the current interest rate unchanged. The market's expectations for the Federal Reserve to maintain interest rates next week have also increased, which is favorable for the future volatility of gold price.
The ECB interest rate decision, news related to the Euro-American banking crisis, changes in initial jobless claims in the United States, and import price indices should be paid attention to on this trading day.
Daily level: volatile rise; MACD golden cross and above the zero axis, the Bollinger Bands are opening up, and the gold price is expected to move up along the upper Bollinger line in the future. There is no obvious resistance level above the short-term reference of 1930 and near the overnight high of 1937.27; further strong resistance is at the high point of January 26th of 1949.06 and near the high point of February 2nd of 1959.57. If it breaks further, it may look towards the level of 2000.
Personal trading strategy: Focus on buying on dips, following the trend, and avoiding the current risk aversion sentiment. Buy near 1910-1915 with a target of 1930-1950. I will update the strategy promptly in the future, please stay tuned.
Gold continues to be bullish, falling back means going longThe bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
After a short-term decline in the European market yesterday, gold quickly recovered, and the US market directly broke through the previous high, reaching the highest position of 1937.Our multi-orders near 1917 in the short-term operation yesterday very accurately captured this wave of strong market conditions. The resistance of 1950 USD is focused on the top, and the support of 1900 USD is focused on the bottom.On the daily chart, various technical indicators are clearly showing an upward trend.On the technical side, the Dayang upside on Monday matched the Dayang breakthrough at the close of last week. In fact, the long trend was established. Although there was a small yin at the top in the market on Tuesday, it was more of a technical adjustment here. Then in the conversion of the time node on Wednesday, the market re-pulled higher out of the sun, re-establishing the long trend and verifying that Tuesday belonged to the market adjustment.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.
XAUUSD Gold Next MovePair : XAUUSD ( Gold / U.S Dollar )
Description :
Break of Structure
Rejection from Fibonacci Level - 78.60%
Bullish Channel in Short Time Frame
Consolidation
Elliot Waves - Completed " 12345 " Impulsive Waves and Corrective Wave " ABC "
Divergence
Breakout the Demand Zone and Completed the Retracement






















