For newbies. It is often more reasonable to follow a good trading signal than to trade randomly on your own. There is no news impact on gold today. Regarding the trend, I think it is still possible to buy at low levels and sell at high levels. The 1980-1984 range is a good selling point. 1974-1970 is a good buying position. If there is no suitable trading...
XAUUSD (H1) has reacted with a reduced SMA50 Sell at current price: 1981.33 Stop loss above the SMA50 resistance line (1984.79) Profit taking near newly created bottom (1974.62) Capital management 2%
#XAUUSD Analysis 12/13 🔴Entry sale: 2007-2010 (stop: 2012-2015) ✅Target date: 1970 ✅Distant goal: 1955 🔸Exactly as expected! Gold prices continued to decline in yesterday's price range, but the price did not change significantly. Gold is very likely to trade sideways until the FOMC announcement. 🔸 Perhaps the price will rise slightly today and reach the...
It is normal for gold to fall back if 1984 enters the market to go long, but the K-line obviously still has support. At the same time, 1983, 1982, 1981 and 1980 can all enter the market in batches to go long. The K-line will definitely reach 2000 points today. The signal of gold bottoming out, especially the bullish engulfment on the hourly line, is that the...
Through the analysis of the 4-hour chart of gold, we know that gold continued to rebound slightly from the early trading and was blocked at the 1989 line and fell back. It stopped falling at the 1981 line below and is about to reach the 1989 line above again. We can clearly see from the attached picture below. Seeing that the desperate counterattack signal has...
At the time of the risk of key central bank events, the market will face the release of US consumer inflation data within the day, which will play a key role in influencing market expectations of the Fed's next policy actions.U.S. consumer price index (CPI) inflation is expected to be mixed at the front end of the curve. The core consumer price index is expected...
Gold prices traded within a narrow range during the Asian session on Wednesday, hovering around $1,980, just above the three-week low touched on Monday. The precious metal saw a slight increase on Tuesday after the U.S. released consumer inflation data. Gold prices remained relatively unchanged on Tuesday, with XAU/USD fluctuating around $1,980.00. The U.S. Dollar...
Analyzing XAU/USD Prices: Technical Outlook The daily chart for gold depicts the yellow metal exhibiting a neutral-to-bullish trend as long as it remains above the daily moving average (DMA). However, with the ongoing decline in XAU/USD, attention is drawn to the potential impact on the 50-DMA at $1966.41, followed by the 200-DMA at $1952.74. Additional support...
The market had backtested support yesterday and began to show signs of bottoming near 1974, which is in line with our expectations. During today's Asian and European trading time, you can focus on this first-line support and participate in the rebound appropriately. The 1D trend is still bearish, and the low is expected to be around 1963-1952. This is my...
We directly chose to enter a short order at the current price of 2006, and the market price successfully retreated to 1995 before leaving the market; at the same time, we entered a long order at the double bottom position of 1995, and the market price also rebounded as expected, but this rebound only took a small space, which itself was a weak point. The...
Our operation was relatively perfect today and we achieved a good victory. Gold's 1-hour moving average continues to cross downwards, and the opening is wide. Gold shorts are still in high spirits and are far from over. Don't buy the bottom easily. Gold has continuously fallen below new lows. The short momentum is winning, so we will continue to short. The...
Because NFP data will be released today, the market performance in Asia and Europe has been relatively flat, maintaining a narrow range of fluctuations in the 2028-2034 range. Currently, in the 1H chart, the moving averages are highly glued, and resistance is concentrated in the 2031-2033 range. support is near 2028. There are only 3 hours left before the data...
a nice possible setup for today ahead of cpi data . the trend is bearish + gold is trading in a channel + rsi bearish divergence id wait for a double top or a hammer on the top of the channel for extra confirmation
We directly went short in 2007, and at the same time added to the short position in 2000. The big negative line reached the 1992 line, achieving two consecutive short wins. At present, the short position is obvious. The rebound is short. The support level of 2000 points has obviously become a resistance. The current pressure is inevitable. This resistance level...
hello followers as we see on the chart is that the gold need to go down, the gold is on way to 1916
Gold markets are quiet ahead of the Fed's policy meeting on Wednesday. Traders expect the Fed to leave interest rates unchanged at the end of this policy meeting. The market is predicting about a 45% chance that the Fed will cut interest rates in March 2024. Gold speculators are hoping for a series of important economic data to be released soon. Important US...
After two short accumulation sessions, the downward momentum continued in the weekend session. The price has now broken the rising price channel and approached the price level of 2000. This is also the target for short positions, you should consider closing. profit for short positions. Next, pay close attention to the 2000 price range. If it is broken, the...
Spot gold continues its downward slide on Monday, dropping below the $2,000 threshold and easing into the nearby range of $1,980 as the market gears up for new inflation data with the US Consumer Price Index on Tuesday. XAU/USD has seen sharp declines for two consecutive days, signaling potential for an extended downtrend. Technical indicators on the daily chart...