This is the 4h chart of gold. A simple analysis using the MACD indicator shows that it is currently close to a dead cross. At the same time, there has been a serious top divergence, and other indicators are also showing obvious weakness. In short, gold bulls are now in a situation where they are unable to continue. There are only two ways to accumulate power,...
Gold has risen again when the support is effective. Trading after a sharp rise like this is very simple. You can't go wrong by going short, because after a sharp rise, the indicators need to be repaired. So if you want to trade, just go short and just pay attention to the support levels. At present, the support is first around 2374, then around 2366, and then...
@All Last night GOLD created a new peak. As for me, I have a very careful analysis that if GOLD breaks through the 2346>2348 line, I will go Buy. Anyone watching can see that I texted that order very carefully. With GOLD price setting a new peak and tree D1 having a reversal phase from 2326>2379 >Today, all traders are watching to sell GOLD according to RSI around...
Today’s gold trading conditions are as follows: 1. Xauusd:@2340-2342 Sell, TP:2328 Profit: + $3708 2. Xauusd:@2341-2345 Sell, TP:2336 Profit: + $8609 In gold trading today, I repeatedly relied on the 2340-2345 resistance area to short gold, and hit my expected target positions of 2328 and 2336 respectively.So far today, I have made a profit of more than FWB:12K...
The CPI data released today was beneficial to gold shorts. Gold fell sharply and then quickly rebounded to around 2350. The resistance in this range is still very obvious. At the same time, the 4h chart shape is not friendly to bulls. In the 30m chart, it is temporarily beneficial to bulls. The focus is still on observing the resistance in the 2346-2354 range....
These past few days, I've been consistently pointing out that gold has reached its peak, and today is no exception. I'm preparing to sell again at the rebound high around 2342-2340. From a technical perspective, the current hourly moving average for gold has started to turn, and the MACD indicator has formed a death cross pattern. Additionally, it has already...
Dear friends, this morning we shorted gold at 2340, and successfully touched TP: 2328, thereby winning our first win today and making a huge profit! According to the current trend of gold, as gold fell below the rising trend line multiple times yesterday, the momentum of gold bulls gradually declined, and gold currently maintains a volatile downward trend in the...
Gold price continued its upward trajectory, reaching a record high of $2,3545 in the Asian trading session on Monday. However, it later retreated below the $2,335 mark as market sentiment shifted, dampening the demand for gold. Before resuming its upward trend, gold price dipped to a low of $2,305, coinciding with the 20-day Simple Moving Average (SMA) touching....
A rise in XAU/USD can be identified by the increasing price, although it may not be immediately apparent at the current rate. - Technical indicators such as the Relative Strength Index (RSI) help signal prolonged overbought conditions. In such instances, observing the chart stuck in a bullish outlook alongside the moving average for a period could aid in...
1. Tenkan-Sen crosses Kijun-Sen from below to above, with the crossover point below the Kumo cloud. 2. Senkou-Span A crosses Senkou-Span B from below to above, causing a change in Kumo cloud color. 3. Chikou-Span is above the price line and the wider the gap, the better. If all these signals occur simultaneously, investors may execute a Buy order in favor of the...
Gold prices continued their upward trend today, reaching around $2347 USD per ounce, with a 0.261% growth for the day, even as the USD index showed signs of cooling off. However, after several consecutive sessions of gains, gold prices are facing profit-taking pressure. Nevertheless, the precious metal is believed to still receive significant support due to three...
Examining the chart, we observe a MACD crossover, indicating a short-term price increase. However, the downward trend of the RSI suggests weak buying pressure. The crossing of the SMA and EMA lines creates a strong resistance zone. Based on these factors, I predict a decline in gold prices.
Using Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are: - Conversely, sometimes wave 5 cannot extend beyond the...
You can see waves 1, 3, and 5 formed from smaller impulsive 5-wave patterns, while waves 2 and 4 are formed from smaller corrective 3-wave patterns. Always remember that each wave is formed from smaller wave patterns. This model repeats itself indefinitely. On the daily chart, I see wave 4 forming. The RSI is rising high, indicating strong buying pressure. Using...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Today’s gold trading conditions are as follows: 1.Xauusd:@2348-2350 Sell, TP:2338 Profit: + $1659 2.Xauusd:@2322-2320 Buy, TP:2335 Profit: + $4179 Around the time when the CPI data was released today, we shorted gold in the 2348-2350 area. When gold hit TP: 2338, I went long gold again in the 2322-2320 area, and gold hit TP again: 2335. Because CPI data will...
First, let’s take a look at the current situation of gold: At present, the 30-minute moving average of gold has begun to turn, and the strength of the rise has gradually become insufficient. In the past two days, gold has begun to no longer be unilaterally strong, and has begun to no longer hit new highs repeatedly. Instead, it has rebounded and risen twice and...
Amid the unstable geopolitical situation, gold has been an emergency haven. On Monday and Tuesday, it maintained its rising pace last week and continued to reach new highs. Moreover, under the encouragement of central bank buying, it is difficult to change the temporary strength. Therefore, the trend of gold is relatively obvious, which is bullish. On Wednesday...