Gold Swing Trade UpdateThe trade setup I posted in my last update (link below the post) on gold has already produced a 3% move. If anyone took it, I'd move the stop loss to your entry and secure the trade by taking initial tp. If you haven't entered the I'd wait for a retrace above 2040 and then enter.
I have added a parallel channel and Anti BAT harmonic to my chart. Both are bearish patterns. The Bat pattern is successful if we break below 1953, above that there is always a chance of bounce and continuation withing the channel that's why its important to secure the trade.
Below I have added a clean chart with only levels of interest which can be used for looking for reactions and bounces along the retrace path.
So far Gold has held Macro VAH (Value Area High). Which is the only bullish sign I see right now, everything else technically is bearish. I have highlighted several drives of bear divergences on Daily Time Frame going as far back as last year November. Losing Macro VAH is important for a retract to Macro POC. If we keep holding it for a long time, it will become a good launch pad for the next move up.
I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned and if you like my content and would like to learn from my experience hit like and follow me for getting notified on my trade, market projections and several upcoming tutorials on technical analysis and several technical Indicators. You can also leave a comment and let me know if you want me to analyze any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it.
Keep learning and Happy trading All.
Goldtradingsetup
Beautiful Move as expected, what next?Gold beautifully broke our support which we discussed in our previous chart and now heading towards 2006.
We were anticipating 1965 at start of this week but it didn't happen and gold went to break all time high.
As NFP figures somehow put market in state of shock, Gold's dive maybe a sustainable one, but for that 2006 should be broken and if that's the case 1965 is inevitable.
Good Luck...
And congratulations who took benefit from our previous chart...
Comment for any further questions
Another important day for Gold Traders due to NFPGold prices is facing new negative pressure to head towards potential test to the key support 2030.00, and this level represents one of the next trend keys besides 2048.70 resistance, waiting to breach one of these levels to detect the next targets clearly.
Therefore, we will continue with our neutrality until now, and you can review the details of the expected targets in chart, being aware that the waited US economic data NFP will cause high volatility at the markets.
Pay attention to the rhythm of short or long gold tradingUnder the stimulus of the news and the support of strong buying, gold has risen rapidly to the first line of 2040, and the energy of gold bulls is strong. There will be important data on Friday, and non-farm payrolls data will be released.So what should we pay attention to next?
1.Short-term trading is still dominated by long positions at low levels, and short-term support refers to the 2018-2016 area;
2.When gold makes a second upward attack after falling back, pay attention to the first-line breakthrough situation of 2070. When it touches 2070 for the first time and is not broken, you can consider shorting gold at this position; if the 2070 position is successfully broken, you can consider shorting gold at 2076-2078.
The above are the key areas that need to be paid attention to in the short term, as well as the general trading rhythm, and I will publish the more detailed trading rhythm and entry position in my channel, and I will adjust and optimize the trading signals in real time according to the market situation.If you want to grasp the detailed trading rhythm and master accurate trading signals, you can enter my channel.
GOLD Top-down analysisHello 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 top-down analysisHello 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: Price presses on the support 02/05Gold prices return to press on the support line that is 1977 after testing this pattern’s resistance line yesterday, to support the continuation of the expected bearish trend for the upcoming period, reminding you that our next target is located at 1965
The MA50 forms continuous negative pressure on the price, reinforcing the chances of continuing the domination of the correctional bearish trend, but for that 1977 needs to be break
XAUUSD:1970-2010 Trading Signal
Going long on gold yesterday and shorting it today, the switch is perfect and seamless, and the empty orders in early trading in 1998 fell again and made a profit! Short, the rebound in the European market relies on 2000 and continues to short!
The current gold market is still volatile, and the interval remains within the range of 1970-2010! If the rebound encounters resistance, it is an opportunity to short, and if it falls to the support level, it will backhand and do long again!
Now the rebound in the European market still continues to be empty, relying on 2000 to continue to be empty, bearish, and pay attention to whether 1970 breaks below! The real support of the daily line is around 1950!
If you want to get specific trading signals, please contact me on the channel ↓↓↓!
OANDA:XAUUSD CURRENCYCOM:GOLD
The trend of gold is as expected, have you made money?Gold currently continues to maintain a wide range of oscillations in the daily trend, and the current range is temporarily compressed between 1975-2010.At present, gold is running below the moving average band, and 2010 is still regarded as the key resistance in the short term during the day. This is also the key resistance level that I prompted in the channel in the morning.
In the short term, gold has fallen rapidly since around 2000, as low as near 1974. Although the market did not give us the opportunity to short gold near 2010, it must have given us the opportunity to long gold in the short term. I have given tips to go long gold near 1980 and 1976 respectively, with a take profit position of 1986.Fortunately, gold rebounded to near the 1986.5 position in the short term, just reaching our take profit position.Our gold multi-orders have once again made a substantial profit, and today is another day worth celebrating.
At present, gold is trading near 1982. At this position, we must first observe the breakthrough of gold in support or resistance. For the time being, do not directly short or long gold. If there is a good trading opportunity, I will announce it on the channel as soon as possible. Please pay attention to the trading signals in the channel.
Is gold rising or falling?How should I trade gold now?Intraday gold is currently operating between 1976 and 2002. According to the current structure of gold, gold will show a flag-shaped finishing structure in the short term, and the low and high points of gold's operation will also follow the flag-shaped channel line, thus limiting the gold fluctuation space.According to the current market, the announcement of the Federal Reserve's interest rate decision and non-farm payrolls data in early May will be an opportunity for gold to break through the flag-shaped consolidation structure.
In the short term, the top pays attention to the resistance of the 1998-2002 area, and further pays attention to the resistance of the 2008-2010 area; the bottom pays attention to the support of the 1976-1945 area, and further observes the support of the 1970 line below, while measuring the intraday gold strength balance area is 1988-1990.
In trading today, I announced on the channel that I sold gold around 1998-2000, and long gold below 1980. I traded back and forth many times, and reached the profit target for 4 consecutive trading orders, making huge profits.Because gold is currently running in the middle of the balance of strength and weakness area, do not directly short or long gold for the time being. If there is a good trading opportunity, I will announce it on the channel as soon as possible. Please pay attention to the trading signals in the channel.
Start today and complete 300% of our revenue target for the weekGold is currently in a revised market after a sharp drop. It is currently trading near 1981, but the overall rhythm is still in a short trend. At present, gold is running in a small area. Don't directly chase short or rise in trading.
1.Below, first pay attention to the support near 1970, and if you effectively break below the 1970 support, you will see the bears continue to the 1950 position.
2.Above, first pay attention to the 1988-1992 resistance area, and further pay attention to the 2000-2004 resistance area.
Gold may experience false breakthroughs at the integer threshold. At this time, we must pay attention to the signals released by the K-line to identify the true or false market breakthroughs.In this way, the accuracy of trading signals can be ensured.
In addition, in the last week of trading, we achieved a record of consecutive wins and zero losses. Starting from today, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
Will gold reverse on the way down?Will gold continue to fall to 1950 next?
First of all, what I want to explain is that gold as a whole is still weak, but it cannot be directly shorted in trading.
The reasons are as follows:
From the continuous closing of the lower hatching line at 1970 in the recent trading days, it can be seen that gold is currently receiving technical support at 1970, so gold may take this weak rebound.
So which areas are mainly observed above?
1.First observe the 1988-1992 area
2.Secondly, observe the 2000-2004 area
If these two regions can recover quickly in the short term, then gold may reverse its decline and there is a possibility of challenging the previous high again.It is also worth noting that don't just pay attention to integer thresholds and avoid the pitfalls of technical false breakthroughs.
In addition, in this week's trading, we have achieved a record of consecutive wins and zero losses. Starting tomorrow, our revenue target for this week is 300%. Remember to pay attention to and follow the detailed trading signals in the channel. I am also very happy to make more profits with you.In addition, for the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it's a friend who has a trading order quilt, or a friend who has recently lost money in a row, I have the real strength to help you solve the quilt, or satisfy your desire to make money. Welcome everyone to visit the channel!
Will gold eventually fall to 1936?Recently, gold has shown a volatile market in the range. After the rebound, the upward trend is under pressure simultaneously. While the rally is slow, it is accompanied by a decline, and the intensity of the second retracement has not been opened. After each decline, it seems that it is about to fall and break the level, but it always succeeds in a V-shaped reversal at the low level.
Gold's single-day volatility has gradually increased, and after a short-term surge or plunge, the continuity is not strong, and it is likely to come out of a V-shaped reversal market. Therefore, in this extreme market, I have reminded everyone not to easily chase up or short in operation, otherwise it will be easy to be swept back and forth.This undoubtedly increases the difficulty for us in short-term gold trading, so we must set the pace in trading.
Regarding the current gold market, a new volatility range has been formed in a short period of time. Before the direction of gold is chosen, I think gold will continue to fluctuate within the range. Once the long and short direction is determined on the fundamentals, gold may have a trend behavior.Judging from the current market situation, gold is still running short, and only when there is a complete stop-fall signal can there be a continued upward trend.
Then in the short-term operation, first observe the defensive situation of the 1980 first line below, and it is best to choose to sell gold after the gold rebounds; during the period, you can buy gold in small batches at strong support levels in a timely manner.
For the recent ups and downs of the market, over and over again, and frequent long and short conversions, there may be many friends in the trading, back and forth continuous loss orders.So whether it is a friend whose trading order is blocked or a friend who has recently lost money in a row, you can enter my channel through the link below.I have the real strength to help you solve the problem or satisfy your desire to make money. Welcome everyone to visit the channel!
Will gold continue to fall?Where is gold going to fall?Yesterday, gold continued to fall as scheduled, and the recovery of the dollar index also helped gold bears release momentum. Judging from the current daily K-line pattern and technical indicators will continue to release the pressure of the previous top divergence, there will be a possibility of a continued pullback in gold in the short term.Judging from the structural behavior of yesterday's continuous decline and weak rebound, gold has not yet shown a signal to completely stop the decline.
Judging from the current gold trend, the intraday trend is still biased towards the correction trend after the decline, and there is still an expectation of continued decline after the correction.In addition, in the recent trend of gold, the Asian market has maintained its recovery and the European and American markets have fallen, so there are still bearish expectations after the recovery of gold.
In the short term: pay attention to the resistance of 2010 above, and observe the defense of 1980 below.
I will share specific transactions and operations in real time on my channel based on intraday details.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 current price of gold continues to be bearish, just so confi
I hope you can laugh unscrupulously, cry from the bottom of your heart, you can be unreasonable, you can be depressed, but you must remember that you are loved, you are worth it, especially worth it!
The current price of gold continues to be empty!
For gold, the daily trend is long, and the direction of the one-hour period is short. The operation idea in the evening continues to be bearish. The current gold price rebound phase is over, and after the plate moves below the 1999 line, the top form of the five-minute cycle appears, and the operation follows the one-hour cycle and continues to be short. Evening current price or 1998 direct short, stop loss 2006, target reference 1985.
Specific operation: The current price of gold or 1998 is directly short, stop loss at 2006, and the target is held with reference to 1985.
Note: Never heavy positions, light positions, never restless, be patient! When the profit-loss ratio is 1:1, the position will be halved. The target is only for reference. The actual situation should be based on the reversal of the shape, and the shape is the priority reference standard!
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
4/17 Gold trading signal: Sell
We have made a profit of more than 300% for two consecutive weeks!
Last week, gold rose to near 2050 under the stimulus of news from all parties. During the US market on Friday, it directly fell below 2000, a decline of more than 50 US dollars. The gold long signal given on Thursday was successfully profitable, and the short signal on Friday was also very good. Caught this wave of the market!If you are trading following my signal, then congratulations, you have discovered the treasure!
Today's trading focuses on the resistance of 2008, 2016, and 2028, and supports 1987. Around these points, we will go short at the high and long at the low to trade!In the case of breaking the position, follow the trend again. If you are not sure, welcome to me!
GOLD - BUY ENTRY - WHY Im BULLISHGold had a pretty nice price correction, it closed daily under resistance, so you are preparing a BUY in the 1973 area, the big trend is a BULLISH one (blue line).
The problem with the banks still persists and good news from this sector seems to stop appearing, which makes trust in the Banks still very low.
So I will wait and enter BUY.
Will gold still rise to a high of 2070?At present, gold is higher for the third consecutive trading day. Because yesterday's US CPI data well supported the expectation that the Fed's interest rate hike cycle may be nearing its end, the decline in US Treasury yields and the weakening of the US dollar have supported gold prices. Although gold prices have been supported to rise, intraday technical signals indicate that gold prices are approaching the previous high, the upward momentum has slowed.
Gold is currently in a pattern of high volatility and rightward movement at the daily line level. This is a typical time-for-space pattern, and the long-term pattern in the general direction of gold has not changed.However, for the short-term level, the top of gold is under certain pressure, and in addition to the impact of news and data, the recent rebound in gold prices is not extremely strong, so there is still a demand for volatility in the short-term. Once the momentum is completed, it will be a new round of large long-term market start.
In summary, gold as a whole still maintains a bullish pattern, but there is still a demand for volatility in the short term.Therefore, in terms of operation, long positions at low levels are mainly used, supplemented by short positions at high levels.
4/11 Gold trading Signals
Gold peaked near 2003 yesterday, so today this position is treated as the first resistance level, then the gap position near 2008, and the early support level near 2013-2016. These are the important resistance levels today. If the market encounters resistance near these points, you can trade short.
The strong support is based on yesterday's low as a reference, focusing on the vicinity of 1980, and above is the moving average support near 1996-1993.
During the trading process, pay attention to observe the conversion of the support pressure level, and at the same time learn to distinguish between true and false breakthroughs. It is usually judged by 2-3 K-lines (except for strong breakthroughs on the Dayang line). You can see the 30m chart.
If you need a specific trading strategy, please contact me in time.
GOLD: Seller advantage in a downtrend!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️
The Federal Reserve is likely to keep interest rates unchanged if a meeting were held today, as there is still uncertainty surrounding the state of banks. However, if the upcoming weekend is stable and without any urgency to rescue banks, there is a possibility of a 25 basis points rate hike. The Fed usually increases rates until they reach a breaking point; if only one bank, SVB, is affected, persistent inflation could result in further hikes. As a result, the US dollar will become stronger, and stock prices may eventually fall after the initial relief rally.
SELL GOLD zone 1997 - 2000
Stoploss: 2007
Take profit 1: 1990
Take profit 2: 1980
Take profit 3: 1970
BUY GOLD zone 1980 (scalping)
Stoploss: 1977
Take profit: 1987
Note: Note: Full TP, SL for winning the market and safe trading!
XAUUSD top-down analysis,gap down!!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.