Xauusd:Non-farm payrolls data will choose the direction
The number of people applying for unemployment benefits announced yesterday rose to 220,000 at the beginning of the week ended December 2, slightly lower than the expected 222,000.The number of people renewing unemployment benefits in the United States fell to 1.86 million in the week ended November 25, the largest decline since July and the second decline since early September.
The number of layoffs in challenger companies increased by 45,500, much higher than the previous value of 36,800.
These signs all show that the decline in the US labor market is obvious, and it also provides confidence for the Fed to end interest rate increases, but it still needs today's important non-farm payrolls data to be truly determined.
Judging from the chart, gold has been fluctuating within the range I reminded for the past two days, indicating that gold is also waiting for today's data to choose the direction.
If today's non-farm payrolls data is good for gold and gold breaks through 2040, you need to pay attention to the resistance of 2050-2060.
If today's non-farm payrolls data is unfavorable for gold, gold may fall below 2010 again
Today's data will determine the direction of gold. Today is already Friday. Cautious traders can wait for the data to be released or follow the trend next week before trading.
If you are trading now, continue to observe the 2020-2040 range volatility and strictly set the stop loss, so that your success rate will be greatly increased
If you don't know how to trade, join me and let us learn together to improve the success rate
Xauusd4h
Gold Detailed Analysis Strategy
On the daily chart, after gold surged higher and fell back, the 5-day moving average changed from an important support line for this round of rise to the main pressure line for the short-term trend. The gold price rebounded on Monday and Tuesday, but encountered resistance and fell back at the 5-day moving average. It is currently running to around US$2035, and the other 10-day moving average runs to US$2031, forming short-term pressure during the day. The current rebound in gold prices is hindered here. The 5-day moving average golden cross is downward, and the downward trend is slightly slowing down. The KDJ indicator is dead cross downward, the RSI indicator is flat after the dead cross, and the MACD indicator is beginning to form a dead cross above the zero axis, indicating that the gold price is in a correction after a continuous rise. finishing stage.
Operation: long around 2020, short around 2040
Gold 2025 goes long directly
2025 long entry
Keep the bottom line in 2019, let’s make more adjustments, it’s that simple
At present, the K-line is falling back, which is a normal trend, but the overall trend is still above the big positive line. The K-line is still above the 50 moving average. The one below that stabilizes the bottom line is the 2019 line. If it does not break, it will not stand. In 2025, directly increase the position and go long.
Operation strategy: long gold in 2025, stop loss in 2019, target 2050
XAUUSD 5/12Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12 " Impulsive Waves and making its " 3 - xyz " Wave. It has breakout the Previous Resistance Level and Completed the Retracement for Break of Structure. Bullish Channel as an corrective Pattern in Long Time Frame
Entry Precaution :
Wait for the Proper Rejection
#GOLD: $2140 is possible next target!hey everyone,
gold has breakthrough the last key level and now it is on the way to make record high. There is no major pullback that we can expect from now onwards, price is extremely bullish now and it will continue to be the same until it reach above $2100 area.
XAUUSD Longs from 2040.000 up towards 2080.000Effectively overpowering any attempts by sellers to intervene. Consequently, new all-time highs (ATHs) have been established, suggesting a continued upward trajectory for gold. Despite the possibility of a significant reversal due to reaching the ATH (a substantial liquidity point), the current presence of bullish candlesticks on the higher time frames indicates that a downturn is not imminent.
Considering the prevailing bullish sentiment, my inclination is to adopt a buying bias, particularly around the nearby demand zone near 2040, which has caused a BOS to the upside. With this setup in place, I anticipate a swift pullback to that region, creating opportunities for engaging in pro-trend trades on the upward movement.
Confluences for XAUUSD Longs are as follows:
- Price has been impulsively bullish to the upside carrying lots of momentum.
- Overall trend on the higher time frame and lower time frame both show a bullish trend.
- ATH's has been taken so I can see a minor correction occurring to fill imbalance below and then mitigate my 8hr demand zone I have marked out.
- Price has left a clean 8hr demand below that has caused a BOS to the upside.
- Dollar is also currently bearish so I can expect gold to keep on rising.
P.S. Given that a majority of individuals have now validated a comparable bullish inclination, I foresee the possibility of a price reversal at this point. The sweeping of significant liquidity, particularly at all-time highs (ATHs), could potentially mark the initiation of a short-term bearish trend. However, it is imperative to closely observe and await price movements to reveal its intentions, allowing us to determine our course of action.
XAUUSD 03.12.23 SELL PROJECTIONReason Behind XAUUSD Sell Projection
1. Obey Strong Resistace @ 2071-80 & No other Technical Reason For Fall
2. Fundamentally Dxy make the retest the Weekly High @ 105
3. In DXY we founded the Bulllish Spinning Top which Makes the XAUUSD further Sell
Overall Possible Outcomes
XAUUSD SELL @ 2071-80
SL 2095-2100
TP 1 @ 2040
TP 2 @ 2010
XAUUSD 01/12Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and Almost Completed " c " Wave. It has Completed " Impulsive Waves " 12345 " and Corrective Waves " abc " and Again Impusive Waves " 12345 " will be Completed at Resistance Level or UTL. BOS with Divergence
Entry Precautions :
Wait for the Proper Strong Rejection Price Action
XAUUSDHey everyone,
OANDA:XAUUSD in our last setup of gold with 1DAY timeframe that we would have to wait for price to breakthrough that caution area before deciding or talking any further entry. Now that price have breakthrough that region we can take a perfect entry.
First we are expecting price to continue the bullish trend until 2022 and then reject at that region and then dropped nearby 2006-1999 area where we can buy entry for 400 pips.
XAUUSD: Gold's intraday gains were weak
Gold 1990 more profit, European rally 1995 empty!
Gold day up weak, has encountered the pressure of 1998, 1991 near more profit out, strong no longer strong will turn weak, European began to short! So 1995 began to short bear, now the support is 1988, once the break, the depth of the pullback opened! The United States focus on this position support can!
From the trend point of view, gold has gone through 5 waves in 4 hours, and now it encounters the pressure of blocking the day line on the track, and there is adjustment demand! From the rule of thumb, this step back to the Bolin rail position, open a wave of adjustment, and then choose the direction!
Operation suggestion:
Gold:sell@1995 SL 2002, TP 1980
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves. Bullish Channel as an Correction in Short Time Frame and Rejection from the Upper Trend Line. Double Top Pattern in Long Time Frame and Rejection from Resistance Level
Entry Precautions :
Wait for the Breakout and Retest
XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame and It has Completed " 12345 " Impulsive Waves and " AB " Corrective Wave at Daily Resistance Level , Forming Double Top as an Corrective Pattern in Short Time Frame with Divergence
Entry Precautions :
Wait for the Rejection or Breakout
XAUUSD: Today's analysis and operational strategy
Today, gold opened low to 1978, and after briefly falling to the $1973 line, supported by technical buying and rose to strong volatility, but the day is still under pressure in the high fall pressure on Friday, if the market can not strengthen again to refresh the high point on Friday, there is a pullback to fill the expected prospect. Gold technical analysis, on the daily line, gold did not rise sharply on Friday, after touching a high intra-day fall, recorded a small Yin with a long shadow line, on the daily line, gold is currently a short-term decline, or will test the MA10 daily average; Overall, gold is currently in a short-term downward trend!
Strategy reference: High probability scenario: Bearish below 1985, target 1973-1865. Low probability scenario: bullish above 1985, target 1993-1997.
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame and Rejection from the Upper Trend Line and Fibonacci Level - 78.60%. Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Entry Precautions :
Wait for the Breakout and Retest
Gold 1938-1940 short selling
Although the golden day is a shock that has come to an end, the rebound is very weak! This means that the bulls are powerless and will continue to fall. Then we will continue to short the U.S. market. We will go short at the current price of 1938 in the U.S. market and continue to look for new lows!
From the trend point of view, gold is still in a downward trend. Although the daily Bollinger Band is supported, the rebound is not strong enough! Whether it is strong or not, it is weak! It will continue to fall!
The intraday market has been operating below the pressure of 1942. The U.S. market relies on this resistance to go short and bearish. Let’s first look at the intraday support position of 1925!
specific strategies
Gold is short at 1938, stop loss at 1945, target at 1925.
Gold is weak and continues to rebound and go short
Looking at the daily line, the Bollinger Bands have closed, and the price has continued to retreat from the high point. As the price continues to fall, the support of the Bollinger Band has also fallen. At present, there is no sign of stabilization, and the short-term price is still there. Room for downside. At 4 hours, the Bollinger Bands opened downward, and the price encountered resistance and fell after rebounding to the middle track. The trend fluctuated and was bearish. The intraday operation idea is to continue to rebound and go short. In the short term, pay attention to the two resistance positions above. One is the top of last week's rebound. The bottom conversion position is the 1945 line, and the other position is the resistance of the 4-hour Bollinger Track, which is the 1953 line.
Operation strategy: short the rebound area of 1943-1945, stop loss 1948, target 1930
It’s time to go long gold
Gold is in a deep V, it is time to start going long, and the pullback will give you the opportunity to go long. Go long near 1956 in early trading!
Gold's 1-hour moving average began to close, and the strength of gold's decline began to weaken. Moreover, the US gold market broke through the resistance of the 1-hour downward trend line, began to form a small double bottom structure, and also broke through the neckline level of 1953. Today, 1953 is for bargain hunting. There are more opportunities to go long now near 1956.
Operation idea
Go long gold at 1956, stop loss at 1948, target 1970-1975;
Thursday: Gold operation sharing
The current trend is highly similar to yesterday. Yesterday's 1970 is today's 1960. The range is gradually moving downwards, and the 4H level K-line has been running below the short-period moving average. This is a typical weak market. The key today is also the selection of short selling points. The best opportunity for short orders is definitely to rebound around 1958-60 to accept short positions. However, if the gold price continues to be unable to rebound after the European market, then short orders may need to move down to the 1953-50 line. It is very easy to break through the negative decline. The short-term support below is at 1943-44, and the key support is around 1936-38. This is the first time to consider a long opportunity.
Operation:
Gold is short from 1958-60, stop loss is 1970, and the target is 1950-1943;
European market 1953-1950 short selling target 1945-1943
Go long in 1936-38, defend 1931, target 1948-58
XAUUSD Pair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and it will complete its " A - 12345 " Corrective Wave at Daily Demand Zone or Fibonacci Level - 161.8% and it will also complete the Retracement for the Break of Structure / Bearish Channel at Same Area
Entry Precautions :
Wait for Proper Strong Rejection Price Action Confirmation