XAUUSD: What should you do if you hold a short order?
Affected by the news, gold suddenly rose and broke through the previous high. It continued to rise after the opening today. It currently maintains a shock above 2200. The indicators have begun to show signs of weakness. Try to go short at this stage and pay attention to the resistance in the 2215-2221 range.
If the bulls are strong, the high may touch around 2230, followed by a sharp decline. First focus on the support in the 2193-2187 range, and it is more likely to fall to around 2175.
In view of the sudden outbreak of the market, today's data market is very difficult to trade. I predict that the data will be beneficial to gold bulls, but the probability of the market falling is greater. So in data trading, I will mainly be short.
Xauusdsell
Gold: A Timeless Investment in an Uncertain WorldGold, the age-old precious metal, continues to shine brightly as a cornerstone investment in today's volatile economic landscape. With its enduring allure and intrinsic value, gold remains a trusted asset for investors seeking stability and security.
At its core, gold's scarcity and tangible nature make it a reliable store of wealth. Unlike fiat currencies prone to inflationary pressures, gold's value has stood the test of time, preserving purchasing power over centuries.
Moreover, gold's versatility extends beyond its role as a monetary metal. Its unique properties make it indispensable in various industrial applications, from electronics to healthcare, bolstering its demand and value.
In times of economic uncertainty and geopolitical tensions, gold serves as a safe haven asset, providing a hedge against currency depreciation and market fluctuations. Its status as a universal currency transcends borders, offering investors a reliable sanctuary for wealth preservation.
Furthermore, gold's role as a diversification tool within investment portfolios cannot be overstated. Its low correlation with other asset classes helps reduce overall portfolio risk and enhance long-term returns.
Looking ahead, gold's timeless appeal is expected to endure, driven by its scarcity, versatility, and universal acceptance. As investors navigate uncertain times, gold stands as a beacon of stability and security, offering a timeless sanctuary in an ever-changing world.
Gold Prepares for Reversal: Analyzing Market ShiftsIn recent market movements, gold appears poised for a turnaround after a period of stagnation. Analysts speculate on factors such as geopolitical tensions, inflationary pressures, and currency fluctuations driving this potential reversal. Investors closely monitor these indicators, assessing gold's status as a safe haven asset amidst changing economic landscapes. As the precious metal readies for a potential uptrend, market watchers anticipate shifts in investment strategies and portfolio allocations. Join us as we delve into the evolving dynamics of the gold market and the implications of its anticipated reversal.
This is a perspective that will benefit you a lot
Many times, the market has its own rules to follow. As long as you have enough experience, surviving in the market and having the last laugh is not as difficult as you think. If you can't do it, just follow someone who can and let him lead you.
This is the gold 30m chart. I have shrunk it a lot. It is not difficult to see from the chart that it is currently at a high level, and it is a historical high. The reason why it has reached this position is more due to the impact of the news.
Now this tense situation has gradually eased. In such an environment, a fall in gold prices is actually an inevitable phenomenon.
Always remember one sentence, when things go to extremes, they must reverse. This applies to any environment. Everything has a limit. Beyond the limit, there will inevitably be a turning point. This is the truth of life, and it also applies to trading. Because trading is done by people, there is no way to escape from this circle.
Putting this aside, the technical form now also needs a major level of repair. In the 1D chart, MACD has formed a top divergence and is about to form a dead cross.
In this case, as long as there is no big news that is beneficial to gold bulls, such as wars, disasters, etc, its decline is a high-probability event and does not require too much consideration.
This large-level trading trend is what we need to focus on, because once the trend is formed, it is possible to fall below 2100 or even 2060. Such a large space is enough for us to make a big profit.
If you understand my point of view and can understand it, I think you now know what to do. If you don't understand, it doesn't matter. Leave me a message and I will give you the answer.
Golden Resilience: A Time-Tested HavenGold, with its shimmering allure, remains an enduring sanctuary in the tumultuous world of finance. Its value transcends eras and uncertainties, serving as a steadfast anchor for investors seeking stability. From ancient civilizations to modern portfolios, gold's resilience shines bright, weathering economic storms and preserving wealth. As markets fluctuate and economies evolve, the timeless appeal of gold continues to shine, offering a glimmer of assurance in an ever-changing landscape.
Gold prices plummeted as if there had never been a separationAlthough nearly unchanged as compared to the day prior to this morning, the fee of the yellow steel has dropped sharply at some point of the day. On March 21 (US time), gold constantly conquered file highs way to the dovish speech of americaA Federal Reserve (Fed) on the cutting-edge coverage meeting. The valuable steel hit an all-time excessive of $2,222.39 consistent with ounce because the Fed signaled it might keep to reduce hobby prices 3 instances in 2024 notwithstanding growing inflation.
Despite growing inflation, Fed Chairman Jerome Powell nonetheless stated that americaA Central Bank has the capacity to lessen hobby prices with the aid of using 3-quarters of a percent factor with the aid of using the quit of 2024. However, the Fed`s choice will rely on data. The financial system is here. The Fed's stance driven the greenback to its lowest degree in a week, even as additionally inflicting US 10-12 months Treasury yields to fall. Meanwhile, gold costs constantly increased.
Witnessing sturdy shopping for pressure after the meeting, Reuters technical analyst Wang Tao with a bit of luck anticipated that spot gold may want to retest the resistance degree at 2,222 USD/ounce. If this threshold is broken, this valuable steel can triumph over tiers withinside the variety of 2,228 - 2,234 USD/ounce.
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GOLD last night had a recovery from the 217x > 218x area
With this price range, everyone should watch for Sell today. As I see, Frame M30 candles are reacting according to Ma20 and 34
>At this rate, Sell Gold is around 2186>2190
SL 2192
TP 2178>216x
Will gold continue to rise today?
Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the short term; the support position 2140-2145 is close to the pressure to sell, and close to the support to buy; if it falls below 2145-2140, we will focus on follow-up later; currently , without external force continuing to exert force, the pressure position of 2195 will not be broken for the time being. Today there is important data news from the Federal Reserve interest rate
Gold: The Timeless Asset of Stability and ValueGold, with its enduring luster and historical significance, remains a steadfast asset in the ever-evolving landscape of finance. Revered for millennia, gold transcends borders and cultures, embodying stability, value, and wealth preservation.
At its core, gold serves as a reliable store of value, immune to the volatility of fiat currencies and market fluctuations. Its scarcity and intrinsic properties make it a trusted hedge against inflation and economic uncertainty, offering reassurance to investors seeking stability in their portfolios.
Beyond its financial utility, gold holds symbolic and cultural importance across civilizations. From ancient civilizations to modern societies, gold has been used to adorn artifacts, jewelry, and religious objects, symbolizing purity, prosperity, and divinity.
Moreover, gold's practical applications extend beyond its role as a monetary asset. It is widely utilized in industries such as technology, medicine, and aerospace, further reinforcing its value and demand in global markets.
Despite the emergence of digital currencies and financial innovations, gold retains its allure as a tangible and timeless asset. Its enduring appeal and intrinsic qualities continue to captivate investors and enthusiasts alike, reminding us of the enduring legacy and universal value of this precious metal.
Gold: A Timeless Anchor in Turbulent SeasAmidst the choppy waters of economic uncertainty, gold continues to stand firm as a beacon of stability and value. Its enduring allure transcends market fluctuations, offering investors a safe haven in times of turbulence. As global tensions rise and fall, gold remains a symbol of resilience, reassuring investors with its intrinsic worth. In the ever-changing landscape of finance, gold's timeless appeal remains unwavering, serving as a steadfast anchor in turbulent seas.
Gold: The Glittering Beacon of Value and TraditionGold, the age-old symbol of wealth and prosperity, continues to captivate hearts and minds across the globe. Its enduring allure transcends time and borders, weaving through the tapestry of human history with an unmatched elegance and mystique.
At its core, gold represents more than just a precious metal; it embodies a timeless store of value, cherished by civilizations throughout the ages. From ancient pharaohs to modern investors, gold's shimmering brilliance has been revered and sought after for its inherent beauty and scarcity.
Beyond its material worth, gold holds a deeper significance ingrained in cultural traditions and religious practices worldwide. It symbolizes purity, divinity, and blessings, adorning temples, artifacts, and ceremonial objects as a testament to its sacred status.
Moreover, gold serves as a hedge against economic instability and geopolitical turmoil, offering stability and security in times of uncertainty. Its universal acceptance and liquidity make it a trusted asset for investors seeking to preserve wealth and diversify portfolios.
Despite the advent of modern financial instruments and digital currencies, gold remains a timeless asset, resilient in the face of evolving economic landscapes. Its intrinsic value and cultural significance continue to shine bright, reminding us of the enduring legacy and timeless allure of this precious metal.
#XAUUSD:800+ Pips Possible Selling Opportunity, What you think? Gold touched 2195$ and then dropped, price have ranged between 2150 to 2170, in our latest bias; we observe a huge volume of sellers entering in the market. Which is why we think selling in the current market condition can give us an excellent opportunity for 'swing selling'.
Use accurate risk management which is demonstrated in the chart use the red lines for entry and exit and use the arrow for take profit. Total of 800 pips that we are targeting, however we advise to close the trade when you are satisfied with it. Good Luck and Trade Safe.
Please like and comment our ideas which will gives us encouragement to publish more educational chart analysis.
XAUUSD: Beginning of the big move, what do you think?Dear Traders,
Gold had rejected at 2196$ and rejected at that level showcased, price has touched pivot point, since then price has been consolidating between 2150-2172, however, we may see price dropping from our area of entry. There are two targets first one at 2130-2135 and then 2090-2080.
Like and comment if you agree with our idea.
Good luck and trade safe.§
The downward trend continues, choose to sell high againGold is still in a volatile pattern. The short-term trend continues to be suppressed by the pressure level of 2160 on the upper trend line, and the overall recent trend is bearish. Now that the counterattack has basically arrived, you can choose to sell at a high level again!
The fluctuating trend of gold prices is a good opportunity for us to sell high and buy low. Looking at the market, the key resistance levels above are at the turning point pressure of 2160 and 2163. Choosing Sell is just right! Trading is actually very simple. Choose the right direction, control the position risk, and the rest is to wait for the goal to be realized!
XAUUSD:It will fall again
When it came to around 2145, it started to rebound. I hope everyone followed my point of view and made money!
At present, it has signs of falling back. Pay attention to the support of 2157-2152. If the support is effective, it will rise again. 2164-2172 will still be resistance.
If it falls below the support, it will fall to a lower position, and 2145-2134 will become an important support range.
XAUUSD:Short, target 2143-2134
After breaking through the downtrend channel, gold once again reached the resistance range of 2164-2172, and the technical form is temporarily favorable to the bulls.
From the perspective of the overall general trend, this adjustment is not over yet, so large-level transactions are still based on high-level short selling. The target is the 2143-2134 range. When the price reaches here, large-level long transactions can be considered.
Of course, this must be based on the fact that the support is effective. If it falls below, there is a high probability that it will fall below 2100 next week and reach around 2097-2090.
Gold falls to 2100?
Hello everyone.Gold still maintains strong support as the watershed of 2140. On top of this, we mainly organize and deal with it according to the high range of 2140-2195; we can maintain the idea of buying low and selling high; at the same time, treat this wave from the range of 2080-2195, Pressure and support, the pressure position is 2165-2170-2175-2180-2190/95 in the short term; the support position 2140-2145 is close to the pressure to sell, and close to the support to buy; if it falls below 2145-2140, we will focus on follow-up later; currently , without external force continuing to exert force, the pressure position of 2195 will not be broken for the time being. Today there is important data news from the Federal Reserve interest rate
Gold: The Time-Tested Safe HavenIn the realm of investments, few assets possess the enduring appeal and resilience of gold. Throughout history, gold has maintained its status as a safe haven in times of economic uncertainty and volatility, serving as a reliable store of value for investors worldwide.
At the heart of gold's allure lies its intrinsic value and scarcity. Unlike fiat currencies, which can be printed endlessly, the supply of gold is finite, making it resistant to inflationary pressures. This scarcity, coupled with its tangible nature, imbues gold with an inherent stability that transcends market fluctuations.
Moreover, gold's versatility extends beyond its role as a monetary metal. Its unique properties make it indispensable in various industrial applications, from electronics to medicine, further bolstering its demand and value.
In today's interconnected world, gold continues to serve as a hedge against currency depreciation and geopolitical risks. As central banks and governments grapple with economic challenges, investors turn to gold as a reliable safeguard for preserving and protecting their wealth.
Furthermore, gold's role as a diversification tool within investment portfolios cannot be overstated. Its low correlation with other asset classes, such as stocks and bonds, helps reduce overall portfolio risk and enhance long-term returns.
Looking ahead, gold's timeless allure is expected to endure, driven by its intrinsic value, historical significance, and universal appeal. As investors seek stability and security amidst a rapidly changing world, gold stands as a beacon of hope and resilience, offering a timeless sanctuary for wealth preservation.
Gilded Elegance: Exploring the Timeless Allure of GoldIn the realm of precious metals, none shines as brightly nor holds as much allure as gold. With its radiant gleam and enduring beauty, gold has captured the imagination of humanity for millennia, weaving itself into the fabric of our history and culture.
From the dawn of civilization, gold has been revered as a symbol of wealth, power, and prestige. Its scarcity in nature, coupled with its lustrous appearance, elevated it to a status reserved for gods and monarchs. Across ancient empires and distant civilizations, gold adorned temples, tombs, and treasures, embodying the opulence and grandeur of the ages.
As centuries passed, the allure of gold only grew stronger. It became a universal currency, facilitating trade and commerce across continents and cultures. Its inherent value transcended language barriers and political boundaries, serving as a symbol of stability and prosperity in an ever-changing world.
In the modern era, gold retains its timeless appeal, revered as a safe haven asset and a hedge against economic uncertainty. Investors flock to it during times of turmoil, seeking refuge in its enduring value and tangible beauty. Central banks hold vast reserves of gold as a safeguard against market fluctuations, recognizing its role as a cornerstone of financial stability.
Yet, beyond its monetary worth, gold holds a deeper significance that resonates with the human spirit. It symbolizes love and commitment, adorning engagement rings and wedding bands as a testament to eternal bonds. It inspires artisans and craftsmen, who shape it into exquisite jewelry and intricate artifacts, celebrating its timeless elegance and enduring legacy.
In a world of fleeting trends and ephemeral riches, gold stands as a beacon of permanence and grace. Its gilded elegance transcends time and space, reminding us of the enduring beauty and inherent value that lie within us all.
Gold charge these days March 20: Reversal to decreaseWorld gold expenses reversed and decreased after the USD multiplied quite properly withinside the worldwide charge basket. At the same time, americaA economic gadget added information on new home introduction developing quite properly in February.
specifically, the Dollar-Index - measuring the strength of the greenback in comparison to 6 number one currencies multiplied via 0.23% to 103,426 elements at 6:25 a.m. this morning (Hanoi time).
Construction permits in February multiplied via 1.9% over the same duration very last year, a first-rate deal higher than the preceding month`s decrease of 0.3%. The variety of housing starts offevolved offevolved in February multiplied via 10.7% over the same duration very last year, a first-rate deal higher than the decrease of 12.3% withinside the previous month. This information continues to manual the strong growth of the USD, putting pressure on gold expenses.
Along with that, AmericaA Federal Reserve (Fed) held its first two-day meeting in March. The market waited for a easy interest price discount from this agency. However, after inflation information modified into released very last week, it showed that although immoderate interest fees, inflation did now now not decrease as expected. This makes every expert and client trust that the Fed cannot reduce interest fees for the duration of this meeting.
The variety of latest housing starts offevolved offevolved in February sharply increased, that's further forecast to beautify extremely patron requires for goods. Therefore, it may contribute to the growth inside the patron charge index inside the future. Experts anticipate that the Fed cannot reduce interest fees yet, so that you can help the USD strengthen, putting pressure on gold expenses.