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...
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.
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...
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....
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 ...
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...
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.
Gold breaks the rectangular box in downward direction so now its probably go more bearish
World gold costs are generally calculated in USD; Therefore, whilst the USD charge is going up, the gold charge generally is going down. However, recently, this not exists as a rule. Many instances whilst the USD charge is going up, the DXY index is going up however the gold charge nonetheless is going up. This approach that, similarly to the effect among the USD...
This morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row! Tomorrow will usher in a golden...
The Federal Reserve's interest rate decision on gold has kept interest rates unchanged, and the Fed is still doubtful about the next interest rate cut. It is still a bit difficult for gold to reverse directly into a deep V, and it is not enough for gold to reverse directly. Gold's 4-hour moving average is still a dead cross downwards, and the 4-hour double top is...