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Goldlong

Gold has a bottom divergence, buy at the low todayThe US dollar continued to rise this week and has now risen to a two-month high. Gold also fell for the sixth consecutive trading day yesterday, and the lowest point of 2605 was tested many times, but it still did not fall below. Therefore, from the current trend, it is not possible to continue to short, because the support of the 2605 line is very strong, and after the precipitation of the past few days, the short-selling force has also weakened a lot. At the same time, it can be seen from the figure that the price trend is falling, but the MACD indicator is continuing to strengthen, which obviously forms a bottom divergence pattern, which is a bullish signal. From the 1H chart, the upper suppression point is in the 2630-2640 area, and the lower support is 2605-2615. So today's trading strategy is to buy in the support area and target the upper resistance area
TVC:GOLDLong
by AntonyTP
10.10 Gold price under pressure for six consecutive days, pay atOn Wednesday (October 9), spot gold plunged nearly $15. After the latest minutes of the Federal Reserve meeting were released, the market's expectations that the Federal Reserve would keep interest rates unchanged in November suddenly heated up, which stimulated the strength of the US dollar and hit gold prices. Due to the strengthening of the US dollar and the weakening expectations of the Federal Reserve's sharp interest rate cut in November, gold fell for the sixth consecutive trading day on Wednesday. Spot gold closed down $14.13, or 0.54%, at $2,607.71 per ounce on Wednesday. The price of gold fell to a low of $2,605.16 per ounce during the session. Intraday data focus: US September unadjusted CPI annual rate US September seasonally adjusted CPI monthly rate US initial jobless claims for the week ending October 5 (10,000) Technical analysis: 1. There may be more pullbacks in the Asian session, and the European session will rise. 2. Only when the 2,624 watershed is broken will it fluctuate. If it is suppressed, it will still be a weak correction. 3. Pay attention to the pullback in the US market. Therefore, if the Asian market reaches 2611-2, go long, stop loss 04, and the target is 2624-6. Strong resistance is 2630-32. The US market cycle is short, and it depends on the strength of the European market's pullback, but the rhythm of the cycle has not changed.
TVC:GOLDLong
by David_strategy
1
World gold price continued to decreaseWorld gold fee endured to decrease, right all the way down to 2,609 USD/ounce, thirteen USD decrease than yesterday. This is the sixth consecutive decrease, bringing gold costs to the bottom withinside the beyond month. The predominant thing inflicting gold to move down is stated to be the upward thrust of the USD as traders now no longer count on a good deal that the United States Federal Reserve (Fed) will considerably lessen hobby quotes on the November meeting. The Fed has simply launched the mins of its September 17-18 meeting, which stated that the tempo of destiny discounts will now no longer be decided through the preliminary reduction (the Fed simply decreased hobby quotes through 0.5% closing month). . Dallas Fed President Lorie Logan stated she needs smaller cuts ahead, given lingering inflation dangers and substantial uncertainties approximately the financial outlook. 💎 TVC:GOLD Buy limit 2604 - 2607💎 ✔️TP1: 2617 ✔️TP2: 2627 ✔️TP3: OPEN 🚫SL: 2595 ➖➖➖➖➖➖➖➖ 💎 TVC:GOLD Sell limit 2637 - 2635💎 ✔️TP1: 2627 ✔️TP2: 2617 ✔️TP3: OPEN 🚫SL: 2653
TVC:GOLDLong
by FalCol_TradingMaster
10.10 Analysis of short-term gold operationsIn the early Asian session on Wednesday (October 9), spot gold fluctuated in a narrow range and is currently trading at $2,610.88 per ounce. Gold prices fell more than 1% during Tuesday's session, hitting a low of $2,604.68 per ounce, the lowest since September 20, and closed at $2,621.76 per ounce. Recent US employment data hit expectations of a larger rate cut, and as Hezbollah supported efforts to reach a ceasefire, market concerns about a possible all-out war in the Middle East cooled, also weakening gold's safe-haven buying. Technical Analysis Daily Chart On the daily chart, gold prices are close to the trend line, and buyers are expected to intervene at this point, setting a risk range below the trend line, ready to push gold prices up and set new highs. Sellers hope to see gold prices break below the trend line to increase bearish bets and fall to new lows. 4-hour chart On the 4-hour chart, gold prices fell below the recent low yesterday, then pulled back and continued to fall. Buyers want to see gold prices rise back above $2,625 to prepare to push prices higher and set new highs, while sellers may continue to target the trendline for now. 1-hour chart On the 1-hour chart, the lower limit of today's daily range is near the trendline. If gold prices fall to the trendline today, the trendline should limit the decline. Tomorrow's US CPI report may determine whether gold prices continue to rise or fall further The US CPI report and US unemployment claims data will be released. On Friday, the US Producer Price Index (PPI) and the University of Michigan Consumer Confidence Index report will be released.
TVC:GOLDLong
by David_strategy
Gold May Fall to 2595.00 - 2605.00 (READ DESCRIPTION)Gold May Fall to 2595.00 - 2605.00 Pivot Point: 2631.00 The pivot at 2631.00 is a significant resistance level. The price remaining below this point indicates bearish sentiment in the market. If the price breaks above this level, it may signal a shift towards a bullish trend. Primary Strategy (Our Preference): Entry Point: Initiate short positions below 2631.00. Target Levels: 2605.00: This is the first target, representing a potential decline of 26 pips from the pivot. This level may attract some buying interest; however, strong bearish momentum could push through it. 2595.00: The next target indicates a further decline of 36 pips. If selling pressure continues, this level could be reached as a significant downside extension. Alternative Scenario: If the price moves above the pivot point at 2631.00, consider long positions. Entry Point: If the price breaks and sustains above 2631.00, initiate long positions. Target Levels: 2642.00: The first upside target, suggesting a potential rise of 11 pips from the pivot. This level could serve as initial resistance. 2653.00: The next target indicates a further upside move of 22 pips, suggesting potential for a stronger bullish trend if momentum builds. Technical Outlook: RSI Indicator: The RSI is likely reflecting bearish momentum, suggesting further downside as the price remains below the pivot. MACD Indicator: The MACD is expected to be below its signal line, confirming bearish sentiment. Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, indicating short-term weakness and reinforcing the bearish outlook. Market Dynamics: As long as the resistance at 2631.00 is not surpassed, the risk of breaking below 2605.00 remains high, potentially leading to further declines toward 2595.00. A sustained break above 2631.00 may shift market sentiment, opening the path for a move toward the upside targets at 2642.00 and 2653.00. Gold is poised for a potential decline as long as it remains below 2631.00, with targets set at 2605.00 and 2595.00 for further downside. A breach above 2631.00 could indicate a shift to bullish momentum, targeting 2642.00 and 2653.00 for further upside.
OANDA:XAUUSD
by CharivapaAlgo
1
10.9 Gold bottoming out may not be over yetGold fell below the low point of the previous correction yesterday, and the daily line went out of the 5-day negative pattern. This is too much for the bull correction. The continuous negative time is too long, but from the price point of view, it is not, and the amplitude is not enough. The price broke the short-term 5-day and 10-day moving averages, which means that the overall pattern has weakened. Especially after 5 consecutive negatives, there is still momentum for further retracement today. For today, the probability of continuing the oscillation cycle is still very high. 1. The bottoming out and rebounding during the day, the European market rebounded. 2. The US market rushed down and continued to fall, but the European market rose, and the probability of breaking the bottom today is small. Just look at it as a shock. 3. The previous low point is supported at 2613-4. In terms of data: EIA crude oil inventory in the United States as of October 4 (10,000 barrels) Intraday short-term operation suggestions: BUY: 2608 target 2628---2635 SELL: 2635 target 2625----2620
TVC:GOLDShort
by David_strategy
World gold costs dropped sharply withinside World gold prices dropped sharply in the context of the rising USD index. Recorded at 0:00 on October 9, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 102,340 points (up 0.04%). World gold prices faced a wave of selling when a senior official of Hezbollah expressed support for Lebanese officials' efforts towards a ceasefire. Market participants are seeing the news as a easing of tensions in the Middle East. Not only gold, news about Hezbollah has "sunk" the crude oil market - a commodity that is closely related to precious metals. Nymex crude oil price decreased by about 3.75 USD/barrel to 73.5 USD/barrel. 💎 TVC:GOLD buy 2617- 2615💎 ✔️TP1: 2625 ✔️TP2: 2635 ✔️TP3: OPEN 🚫SL: 2609 💎 TVC:GOLD sell 2637- 2635💎 ✔️TP1: 2625 ✔️TP2: 2615 ✔️TP3: OPEN 🚫SL: 2643
TVC:GOLDLong
by FalCol_TradingMaster
10,8 Technical Analysis of Gold Short-term OperationsAt the end of the Asian session on Tuesday (October 8), spot gold maintained its intraday decline, and the current gold price fell to around $2,627/ounce. Spot gold closed down 0.41% on Monday at $2,642.28/ounce. There was no important data released from Monday to Wednesday to guide the market, but the speeches of several Fed officials need special attention, and then there is the September CPI data on Thursday, the initial jobless claims data for the week, and the minutes of the Fed meeting at 2 a.m. From the daily level, a small negative column was recorded yesterday, and the price remained below the short-term moving average. The moving averages of other cycles were arranged upward. The Bollinger overall intended to close, the MACD double-line dead cross probed downward, and the green kinetic energy column increased in volume, which was in line with the K-line trend. The primary pressure above was around $2,650, which was close to the previous high. Below this, the daily line still tended to be short. $2,650 is the first resistance, and further resistance upwards is near 2,660 (three points above and below). If the intraday rebound does not break through and there is no geopolitical situation to increase risk aversion to support it, the technical retracement and repair demand will continue. Further support below is $2,630. After breaking through, it can extend to the $2,620-2,618 range. In other words, today's trend is expected to retrace first. If it can retrace to the expected range, you can participate in the bullish trend.
TVC:GOLDShort
by David_strategy
3
Gold May Fall to 2615.00 - 2625.00 (READ DESCRIPTION)Gold May Fall to 2615.00 - 2625.00 Pivot Point: 2650.00 – This level acts as key resistance, capping potential upside moves. A sustained break above it would indicate a shift in momentum. Primary Strategy (Our Preference): Entry Point: Short positions below 2650.00. Target Levels: 2625.00: This serves as the initial downside target, indicating a potential decline from the pivot point. 2615.00: If bearish momentum continues, further downside towards this level is likely. Alternative Scenario: Entry Point: If the price moves above 2650.00, consider long positions. Target Levels: 2659.00: A move higher could test this resistance level first. 2670.00: Further bullish momentum may drive Gold toward this higher resistance. Technical Outlook: RSI Indicator: Likely indicates bearish sentiment, suggesting a risk of further declines as long as resistance at 2650.00 holds. MACD Indicator: May be below its signal line, reinforcing the bearish momentum. Moving Averages: Gold is likely trading below its 20- and 50-period moving averages, suggesting continued short-term weakness. Market Dynamics: As long as 2650.00 remains resistance, further price declines are anticipated, targeting 2625.00 and potentially 2615.00. A break above 2650.00 could shift momentum to the upside, with targets at 2659.00 and 2670.00, indicating a reversal of the current bearish trend.
OANDA:XAUUSD
by CharivapaAlgo