XAUUSD is about to start falling sharply!
The upcoming Fed monetary policy is an important turning point.
in the gold market. It’s the long positions that should be worried. The U.S. dollar rebounded sharply ahead of schedule when expectations for a rate cut fell. Gold also fell sharply due to the impact of the US dollar. Interest rate cut digested in advance? Still continue to cut interest rates! It's like holding a ball of paper in one hand. The other hand is blank. Let you guess! Of course I don't like doing this. I prefer to do things that are certain. For example, follow the market in advance and focus on selling gold orders.
Brothers who follow me all know. I have been selling mainly since last week. Of course, there was also a rebound market in the middle. Just depends on the timing. Friends who follow trading signals have a deep understanding of the accuracy of the instructions. The market continues to change, and what I have to do is follow the current trend and make accurate trades. In this way, VIPs will feel that they are worth their money.
Judging from the current situation, expectations for an interest rate cut in the Federal Reserve minutes are still expected to be delayed, but after the corresponding data is released, there will probably be a limited decline (in the US dollar). Then bounce back quickly. So when it comes to trading, I think selling gold is the main option. A sell-off at higher levels is likely. Of course this depends on the actual results.
At present, gold trading is still mainly selling. Today's sell order at 2162 has hit the take profit target. The sell order at 2157 also hit the take profit target. The current selling position of 2153 and above continues to wait for the hit of the profit target. The pressure above is currently at 2155-2158, and the pressure below is at the 2148 line, but I think the decline will continue to expand. In the short term, it is expected to continue to a position near 2140. Wait patiently.
Stay tuned for further updates. This way you won't miss out on good trading opportunities.
I hope everyone can get more good profits.
Xauusdsell
Gold Trends: Navigating Market Volatility and Safe-Haven DemandLet's explore the latest trends shaping the world of gold amidst market volatility and safe-haven demand. Here's a snapshot of what's happening in the gold market:
Gold prices have exhibited resilience in recent sessions, reflecting investors' appetite for safe-haven assets amid ongoing geopolitical tensions and economic uncertainties. Despite fluctuations, gold continues to serve as a reliable store of value and portfolio diversifier for investors seeking stability in uncertain times.
Market volatility, driven by factors such as inflationary pressures, currency fluctuations, and geopolitical risks, underscores gold's role as a hedge against economic turbulence. As central banks maintain accommodative monetary policies and governments implement fiscal stimulus measures, concerns about currency debasement and inflationary pressures elevate gold's appeal as a safe-haven asset.
Moreover, geopolitical tensions and trade uncertainties contribute to market volatility, prompting investors to flock to gold as a traditional safe haven. Geopolitical developments, including geopolitical conflicts, trade disputes, and diplomatic tensions, fuel uncertainty and drive demand for gold as a risk-off asset.
Looking ahead, market participants will continue to monitor economic indicators, central bank policies, and geopolitical developments for insights into gold's direction. As uncertainties persist and market dynamics evolve, gold's role as a hedge against volatility and a safe-haven asset remains paramount for investors seeking wealth preservation and portfolio protection.
In summary, gold's resilience in the face of market volatility and safe-haven demand underscores its enduring appeal as a tangible asset with intrinsic value. Stay informed, stay vigilant, and stay ahead in the dynamic world of gold investing.
FOMC assembly previewThis week, dangers tilt towards a much less dovish outcome, with the opportunity of a mean Fed fee hike for 2024 to 4.9% or simply fee cuts for 2024. Such a alternate could require simplest FOMC members (out of 19) to shift their expectancies to better hobby rates.
Notably, Fed Chairman Powell said that the FOMC desires to see ongoing low inflation to have the self assurance to provoke hobby fee cuts in his maximum latest press conference. Instead, records in latest months indicates excessive inflation (if now no longer outright increase) and persevered energy withinside the exertions market, suggesting that Jerome Powell and organisation might not want to reduce Strong hobby fee discount as formerly expected.
XAUUSD:Continue to short
It is currently in a very obvious downward trend channel. As long as the resistance is not broken, shorts will have a great chance to make money.
So in yesterday's view, I mentioned the resistance of 2164, and the market fell back after hitting this point.
It is now in the middle position. Whether it is long or short, there are actually opportunities, but don't trade too many at one time. The upper resistance is near 2162-2166. If you can't break through, you can try to go short. This space will be larger.
GOLD-Today's strategy
There are many factors affecting the market this week. Central banks of various countries will be the focus this week. The Bank of Japan and the Reserve Bank of Australia will announce their interest rate decisions on Tuesday, the Federal Reserve will announce their interest rate decisions on Wednesday, and the Bank of England and the Swiss National Bank will announce their interest rate decisions on Thursday. The market will also look at Tuesday's U.S. housing starts and building permits, as well as Thursday's weekly jobless claims, Philadelphia Fed manufacturing survey, PMI preview data and existing home sales
Gold trading this week is more focused on the news. On Tuesday, the Bank of Japan made an interest rate decision. This is Japan’s first interest rate hike after more than ten years of negative interest rates. The uncertainty will have a huge impact on the market. On Wednesday, the Federal Reserve’s interest rate decision is likely to be announced by the market. There will be no interest rate cut this time, let alone a rate increase, which will also have a certain impact on the market. Therefore, before discussing this week's market, I would like to remind everyone that this week has both good opportunities and greater risks. Please pay attention. risk control.
After gold fell sharply on Tuesday last week, it is basically confirmed that the peak of this rise is currently at 2195. It fluctuated up and down many times on Wednesday, Thursday, and Friday, and tested 2150 many times. Today it finally fell below the 2150 support, although it has not turned into a decline for the time being. trend, but it can be judged that gold’s strong rise has weakened
Gold will definitely fluctuate repeatedly. The resistance points in the chart above are for your reference. You can make reasonable arrangements based on your funds.
XAU is in a short-term DOWN trend⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) hovers around $2,155 in early Asian trading on Monday. US inflation data suggests a potential delay in interest rate cuts by the Federal Reserve (Fed), causing a downtick in the yellow metal. However, positive developments in Chinese stimulus measures or strong demand from China could lift gold prices. The Fed may hold its interest rate at the March meeting, as they need more evidence of inflation easing before considering a rate cut. This could diminish the appeal of non-yielding metals and impact gold prices.
⭐️ Personal comments NOVA:
Gold price broke through the $2,150 support zone in the opening session of the week.
Shows that the corrective DOWN trend continues to prevail
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2135 - $2137 SL $2130
TP1: $2142
TP2: $2150
TP3: $2160
🔥SELL GOLD zone: $2163 - $2165 SL $2170
TP1: $2155
TP2: $2148
TP3: $2140
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD:Mainly going short tomorrow
Today's short trade was very successful, I hope everyone made money.
Now, after a wave of adjustments, the market is temporarily showing signs of rebound. The focus should be on the resistance of 2168-2172 above. If there is no breakthrough here, the trend will still be short-selling.
Strong resistance is at 2180-2186. From a trend perspective, the probability of breaking through here is low. Unless there is better news favorable to bulls, trading will continue to be dominated by shorts.
Consider the 2145-2134 range below, followed by the vicinity of 2128.
The above is tomorrow’s trading strategy. If you have any questions, please leave me a message.
I wish all my friends who follow me can make satisfactory profits.
Gold maintains downtrend, continues to sell on reboundAfter repeated shocks, the price of gold began to show a weak situation. The key support level of 2150 has been tested for the third time, while the high points above are constantly pressing downwards. The triangle shock situation is nearing the end! I believe it is not difficult to fall below 2150 within the day, so I think it can be sold directly now! The target is gradually looking towards 2140-2130!
Technical analysis shows that the recent trend of gold prices is mostly running below the moving average dead cross, showing a weak short-term pattern. At this stage, the moving average pressure is at the 2161 line, while the upper trend line pressure is at 2168. The upper side is facing dual pressure levels, and The bottom only faces the support of 2150, so the situation only needs a little stimulation to achieve a breakthrough!
Wait for gold to rebound and sell todayThe price of gold has fallen below the trend line and stabilized, and its trend has entered the stage of adjustment. However, it is unknown where the adjustment will be, but what is certain is that the rising momentum has temporarily come to an end, and the next operation will turn to high selling. The main idea is that when the gold price rebounds to around 2170, you can boldly sell!
Technical feedback shows that the current one-hour trend has fallen below the support of the moving average and trend line. The upper moving average dead cross pressure is at 2170. At the same time, the gold price has fallen below the Fibonacci 0.236 support level of 2155, which means further support. Will look towards the 2130 line, which is the 0.382 retracement! At present, there is still a large profit margin below, and grasping the rhythm of the market is the only way to keep up with the rhythm of making money!
Gold prediction nowadays March 15A destroy under the 2023 excessive at 2146 could threaten a deeper correction withinside the multi-week uptrend closer to the 38.2% retracement of the every year rally at 2114 - search for a response Greater reaction there If achieved. The broader upside invalidation is now raised to the 61.8% retracement/2020 swing excessive at 2065/75.
Break of weekly top/near above 2180 is wanted to mark resumption of uptrend with similarly resistance objectives concentrated on distinguished slope confluence near ~2220s and 100% Extension of upside greater extensively in 2022 at 2277 .
GOLD START OF A BEARISH RUN!?This week, I'm eyeing shorting opportunities in Gold. After witnessing strong bearish momentum last week, I anticipate further downward movement to breach nearby lows, which are acting as liquidity points. Additionally, I've identified two nearby supply zones from which I expect price reactions.
I'll exercise patience as I wait for price to test the lows and subsequently retest the supply zones. Once I receive confirmation on lower time frames, I'll consider initiating sell positions to potentially ride this emerging temporary trend in the coming weeks.
My confluences for GOLD sells are as follows:
- Gold has lots of imbalances below that need to be filled from previous rally.
- Lots of liquidity to the downside in the form of trend line and asian lows.
- Two nice supply zones left near current price that we can potentially sell from.
- In order for price to continue bullish price must retrace back down.
P.S. In the case of gold, there's abundant liquidity on both sides, particularly with numerous Asian highs yet to be taken out. It wouldn't be surprising if price consolidates until Wednesday, when we anticipate the FOMC to significantly impact market movements.
Have a great trading week everyone!
XAUUSD (Gold): Descending Triangle.📈This analysis identifies a potential descending triangle pattern forming on the XAUUSD (Gold) chart after the price successfully reached the target zone within a two-channel price movement.
Key Points:
The price action established a two-channel pattern with defined support and resistance levels.
The price successfully climbed to the target zone within the channel.
Following the completion of the channel target, a descending triangle pattern is emerging, suggesting a potential downward price movement.
Breakdown:
Two-Channel Pattern: The XAUUSD price moved within a well-defined channel characterized by a support level and a resistance level. This price movement indicates a period of consolidation or price discovery.
Target Achieved: The price action respected the channel and reached the anticipated target zone within the channel boundaries.
Descending Triangle Formation: After reaching the target, the price started forming a descending triangle pattern. This pattern is typically seen as a bearish continuation signal, suggesting a potential price decline.
Targets:
The descending triangle pattern typically projects a price move down to the height of the triangle measured from the breakdown point. In this case, the target would be around 209 (assuming the breakdown occurs from the current price level).
An additional target could be 1989, potentially aligning with significant support levels or previous price swings.
Confirmation:
A confirmed breakdown from the descending triangle pattern would strengthen the bearish outlook and increase the likelihood of the price reaching the projected targets.
Overall, this analysis highlights a potential bearish continuation pattern on XAUUSD following the completion of a two-channel target. Traders should closely monitor the price action for a confirmed breakdown from the triangle to validate the bearish signal.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
Gold price rebounds to near the downtrend line, sell highThe price of gold fell yesterday and encountered the first-line support level of 2150. It rebounded in the short-term and rose, but the downward trend still did not break through. The short-term trend in one hour was bearish, and the upper pressure was around 2170. I am willing to sell within the day! Today the gold price will fall below the 2150 mark and head towards 2140 or even lower!
In general, it is still in the downward stage of shock. When it rebounds to near the trend line, it can be sold. The target can first see yesterday's support at 2050.
Good luck to everyone
xauusd Friday trading strategy
Gold should observe the key area above 2171-2174 on Friday. If it cannot break through this area, then gold will still be in a downward trend. Several key positions where gold’s downtrend may break
Lower support 2152-2155/2148-2143 strong resistance area 2131-2134
We select trading opportunities based on specific operating trends. I will help you find safe trading areas. I will update my trading ideas in time. If you like my analysis, please give me a like and join me↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓ ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
XAUUSD:With multiple tops, shorting is the right choice
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.
Gold: The Timeless Asset of ChoiceIn the world of investments, gold has retained its allure through centuries as a safe haven and store of value. Its enduring appeal transcends cultures and generations, offering stability amidst economic uncertainties. As financial markets fluctuate, gold stands as a reliable hedge against inflation and geopolitical turmoil. Beyond its monetary value, gold holds cultural significance, symbolizing wealth, prosperity, and prestige. Whether in times of prosperity or crisis, gold remains a steadfast asset, providing reassurance to investors worldwide.
Potential Downward Pressure Looms for GoldAmidst the prevailing market conditions, there are indications suggesting that gold may face downward pressure in the near term.
Despite its traditional role as a safe haven asset, gold's recent performance has been characterized by fluctuations and uncertainties. Factors such as improving economic indicators, rising bond yields, and expectations of tightening monetary policies have contributed to a shift in investor sentiment away from gold.
Furthermore, the prospect of a stronger US dollar, driven by anticipated interest rate hikes by the Federal Reserve, could further weigh on gold prices as the precious metal typically moves inversely to the dollar.
Additionally, the ongoing volatility in global financial markets, coupled with increased risk appetite among investors, may diminish gold's appeal as a hedge against market turbulence.
While gold's long-term fundamentals remain intact, short-term price movements may reflect the evolving macroeconomic landscape and shifting investor preferences.
As investors navigate the complexities of the market, it is essential to exercise caution and closely monitor developments that could impact gold prices. While the potential for downward pressure exists, prudent risk management strategies and a diversified investment approach can help mitigate exposure to market volatility.
In conclusion, while gold may encounter downward pressure in the near term, its fundamental role as a store of value and hedge against economic uncertainty remains unchanged. As the market evolves, staying informed and adaptable will be key to navigating the dynamics of the gold market effectively.
Gold fees fall earlier than statistics from the USGold charges fell 0.2% to $2,171.06 an oz, at the same time as gold futures expiring in April fell 0.3% to $2,175.35 an oz with the aid of using 01:27 ET (05:27 GMT).
Bullion charges rose to a report excessive of around $2,two hundred an oz on the begin of the week, however noticed speedy consolidation after hotter-than-anticipated patron fee index information introduced again issues approximately excessive hobby prices. . market.
The sturdy CPI analyzing indicates a shift in attention to approaching readings on PPI inflation and retail sales, due out in a while Thursday. Both are anticipated to steer the Federal Reserve`s hobby fee outlook.
The information additionally got here in advance of subsequent week's Fed meeting, in which the valuable financial institution is broadly anticipated to hold hobby prices consistent and signaled no on the spot plans to start easing policy.
A collection of Fed officers have warned that hobby fee cuts may be in large part decided with the aid of using inflation withinside the coming months.
Other valuable metals consolidated in advance of upcoming information. Platinum futures fell 0.4% to $942.forty five an oz, at the same time as silver futures had been consistent at $25,one hundred seventy an oz.
PPI - Continue to adjust DOWN XAU⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Traders may also be hesitant and inclined to wait on the sidelines prior to the commencement of the two-day FOMC monetary policy meeting, scheduled to begin next Tuesday. In the interim, the release of Thursday's US macroeconomic data, including the monthly Retail Sales, the Producer Price Index (PPI), and the customary Weekly Initial Jobless Claims, could potentially impact the dynamics of the USD price. These factors, along with US bond yields and overall market sentiment, may play a role in creating short-term trading prospects within the Gold price.
⭐️ Personal comments NOVA:
Continuing to expect a correction from Gold, US economic data this week is assessed optimistically
Need price range of $2100 for Gold to accumulate more buying power
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2146 - $2144 SL $2140
TP1: $2150
TP2: $2155
TP3: $2160
🔥BUY GOLD zone: $2136 - $2134 SL $2130
TP1: $2145
TP2: $2152
TP3: $2160
🔥SELL GOLD zone: $2198 - $2200 SL $2205
TP1: $2180
TP2: $2165
TP3: $2150
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD:Data will be positive for gold bears
Hello everyone, the data on the number of initial jobless claims will be released in one hour. I think it has a high probability of being beneficial to gold shorts, so I plan to go short in today's data trading. If you want to follow, please strictly control the risk.
Because the market has already experienced a surge, short sellers are likely to use the data to stimulate a strong sell-off.
If it is beneficial to the gold bulls and the bulls take the opportunity to counterattack, to regain the advantage, they must break through the resistance in the 2180-2186 range, and the fluctuations will be huge.
Therefore, friends who follow, please do a good job in risk management and don't let your account be blown.
XAUUSD:Go short first, then go long
In terms of technical form, shorts have the advantage. The current main transaction is shorting. After the decline, a small number of long transactions are added to make small rebound profits. In terms of the general trend, we only need to short.
If your account is large enough and well funded, you can even hold some short positions until around 2090.
Stay tuned as I will continue to share my trading strategies and please contact me if you need specific trading signals.
XAUUSD: Predictions on XAUUSD while waiting for US dataIn currency markets today, the US dollar showed little volatility as investors awaited the release of additional economic data from the United States to gauge the potential direction of Federal Reserve policy state.
After the release of a higher-than-expected US consumer price index (CPI) on Tuesday, there were fresh concerns about persistent inflation, causing traders to reconsider whether the Fed will start cutting interest rates. capacity in June as previously predicted or not.
The possibility of an interest rate cut in June is now considered a 65% chance, down slightly from the 71% probability earlier this week, according to LSEG's interest rate probability application. Expectations for an interest rate cut in July remain high at around 83%. The Fed is expected to maintain interest rates at its meeting next week, but the focus will be on the central bank's updated economic forecasts.
Kyle Rodda, a senior financial markets analyst at Capital.com, noted that while recent data has slightly changed interest rate expectations, the consensus has been for three rate cuts for the year. now. He added that a more hawkish stance from the Fed could reduce this expectation to two rate cuts and push the first cut to September, strengthening the US dollar.
The dollar index, a measure of the greenback's strength against a basket of six currencies, was relatively unchanged at 102.77. Investors are closely watching US retail sales data, the producer price index (PPI) and the unemployment claims report due out later today for further signs of weakness. economic recession.