Gold shorts have 5 consecutive wins this week, next week?Gold is currently releasing short-term upward pressure after a sharp decline in the weekly trend, and may enter a short-term top form in the short-term trend. On the daily trend, although the current price has not yet maintained a high level and fluctuated, the K-line has begun to gradually break through the short-term moving average. The price has touched the support band in the early stage of the daily line, but the strength and continuity of the rebound are not too great. There are signs of gradual weakening on the daily trend. On the 4-hour level, the current K line is beginning to come under pressure, and the short-period moving average remains weak.
The golden hourly line starts to exert force from above the moving average, and the big negative line directly breaks through the moving average. The K-line is currently suppressed, and there is still a lot of space below. It will continue to be bearish next week.
It is often more reasonable to follow a good trading signal than to trade randomly on your own.If you are not confident in your trading, you can follow me and refer to my trading ideas
Xauusdtrend
Gold continues to move unexpectedly, entry sell todayWorld gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning.
The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to loosen monetary policy. bad this year.
RJO Futures senior market strategist Bob Haberkorn predicts gold will rise in the near term on interest rate expectations, unless the Fed changes its stance or makes some announcement that it will eliminate interest rate cuts. capacity.
Gold could fall again if personal consumption spending data is stronger than expected, Haberkorn said. However, this precious metal will quickly regain its upward momentum.
Last week, gold hit a record high of $2,222.39 an ounce after Fed policymakers said they still expected to cut interest rates by three-quarters of a percentage point in 2024 despite persistent inflation. still far from the target level of 2%. Currently, traders are currently forecasting a 71% chance that the first rate cut will take place in June.
Selling strategy today, downtrendWorld gold prices increased with spot gold increasing by 7.5 USD to 2,170.8 USD/ounce. Gold futures last traded at 2,173 USD/ounce, up 13.2 USD compared to yesterday morning.
Prices for the yellow metal rose slightly in early trading as investors awaited key economic data and comments from US Federal Reserve (Fed) officials this week for further confirmation. loosening monetary policy of the US Central Bank.
The market is currently waiting for weekly initial jobless claims data to be released on March 28 and core personal consumption expenditure index (PCE) data expected to be released. the day after that. However, because the market will be closed this Friday as the US closes for the Good Friday holiday, PCE data will not have an impact on gold until early next week.
Research expert Kunal Shah of Nirmal Bang Commodities predicts that US inflation indicators will have a significant impact on the gold market. According to him, any PCE figure lower than expected will weaken the USD and push up gold prices and vice versa.
The range of 2163-2165 is still a buying opportunityAfter the European market started, gold began to fluctuate and fall. It reached a low of 2163 during the day. However, careful friends found that the US dollar continued to fluctuate around 104.3, without major fluctuations. In other words, short selling is just a behavior of the European market. TVC:DXY
Modern Jack believes that the gold shock in the European market is just an attempt by short sellers, not a real short seller. We can continue to wait for developments in the US market. Asian markets generally start with news. On the contrary, the US market is more of the beginning of actual action.
At present, the price of gold still remains near 2168, which is 4 US dollars higher than the opening price. At present, bulls still have a certain advantage.
Jack believes it is still a time to buy. The price of gold is supported by risk aversion in the market. The factor for the decline may be due to the reduction of ETF holdings. When demand increases. I think there is still a need for gold prices to continue to rise. OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
Must check before the US market opens. Otherwise you will regret
Gold rallied on the weekend's positive news. Gold prices continued to strengthen after opening in Asia. Attentive friends will find that Morgan Jack has explained it in advance yesterday. The highest impact reached a position near 2178, but it quickly fell back before stabilizing. It is still two dollars away from my expected 2180. Even so, buying is still a good profit. After the stochastic European market started, gold continued to fall under pressure. This shows that the bearish pressure on the market is still very huge. And the U.S. dollar barely moved much. It's just a one-sided rise in risk aversion.
After the impact of the weekend news, I think gold prices will continue to show a downward trend in search of lows. Therefore, in terms of trading, Morgan Jack believes that the US market is focused on selling gold at a higher price.
Additional operating instructions at the bottom.
Related references: OANDA:XAUUSD TVC:GOLD MCX:GOLD1!
The trend of the US dollar on Monday was still relatively strong and fluctuated around 104.3. Morgan Jack said this on Sunday, and you can see it in conjunction with the picture below: When the news surface no longer exists. The US dollar is in an uptrend on both the 1-hour and 4-hour charts. Regardless of whether the economic recovery is real or fake. The market already has this trend. Let’s talk about the news again. Fed officials have said they expect one rate cut this year and three earlier. Based on the combination of trends and news, the US dollar is expected to continue to be boosted and rise higher in the US market on 25/3.
Relevant references: TVC:DXY CAPITALCOM:DXY ICEUS:DXY INDEX:DXY
Gold Price Trading: Sell at 2171-2179
tp2157-2160
sl2186
Transactions are risky, so please be cautious!
The target price for gold is around 2179-2182Like I mentioned in my article yesterday. Gold will continue to rise after Asian markets open. Because of the boost in risk aversion
At present, we need to focus on whether the 2170-2180 first-line position can hold its own. This depends on the influence of the weekend news.
I still think gold prices will continue to rise. Jack’s take profit range is 2179-2182
Gold prices maintain range trading, a narrow range of 2172-2180Modern Jack believes that the U.S. dollar is performing well in the Asian market. The expectation is that there will be some small support near 104.3. Then the probability of gold prices remaining in the range of 2172-2180 is relatively high. Operationally, range trading is maintained. This was despite a sharp reduction in holdings in the largest gold ETF over the weekend. But the impact of rising risk aversion is huge. And the interval support of 2172-2170 also exists. Considering the current situation.
It is ideal to maintain the principle of buying low, selling high
How much profit can be made from 300k gold trading in one year?Can anyone tell me the actual situation?
I heard from friends that many people on TV don’t know how to trade. Let me take a look. Is this consistent with what my friend said?
I'm Jack. Join tradingview today. I just started posting my opinions. I don’t know what kind of sharing you like to see. You can leave a comment.
Is it technical, fundamental, market sentiment, or real-time trading?
Under the influence of news. Trend trading can be done following leading news. That means buying when the market is rising. Sell when the market falls. This requires some trading sense.
There is no news impact. Then rely on intraday range trading. Refer to technical indicators. Or market sentiment. This is relatively simple.
I believe many traders are experienced. So when I came here. We can talk more and learn from each other.
Of course, I still have good content to share with you.
Gold trading opportunities tomorrow. After opening higher. It will continue to reach a position near 2072-2080. If the position is not reached there is no stabilization. Gold can be sold. So this week will basically focus on selling. If it continues to rise. Then the short-term pullback should still be based on buying. This is what needs to be focused on tomorrow. Remember
London time: 3:16 pm. I'm Jack! See you next time.
Gold’s 4th consecutive victory, what will be the trend today?We were directly short at 2185, and sure enough it still fell. Let’s continue to look at the 2145 line below.
Gold is an obvious top form. Don’t panic. The big negative line must reach 2145. This position is also a support. The hourly line all closes the big negative line and is below the moving average throughout. Continue to look at 2145.
Gold plummeted after a record riseWorld gold prices decreased slightly with spot gold down 5.1 USD to 2,181 USD/ounce. Gold futures last traded at 2,183.9 USD/ounce, down 5.6 USD compared to yesterday morning.
Although almost unchanged compared to yesterday morning, the price of the yellow metal has dropped sharply during the day. On March 21 (US time), gold continuously conquered record highs thanks to the dovish speech of the US Federal Reserve (Fed) at the latest policy meeting. The precious metal hit an all-time high of $2,222.39 per ounce as the Fed signaled it would continue to cut interest rates three times in 2024 despite rising inflation.
Despite rising inflation, Fed Chairman Jerome Powell still said that the US Central Bank has the ability to reduce interest rates by three-quarters of a percentage point by the end of 2024. However, the Fed's decision will depend on data. The economy is here. The Fed's stance pushed the dollar to its lowest level in a week, while also causing US 10-year Treasury yields to fall. Meanwhile, gold prices continuously increased.
Witnessing strong buying force after the meeting, Reuters technical analyst Wang Tao optimistically predicted that spot gold could retest the resistance level at 2,222 USD/ounce. If this threshold is broken, this precious metal can conquer levels in the range of 2,228 - 2,234 USD/ounce.
Gold price today (March 20): Slightly increasedWorld gold costs remained nearly unchanged as compared to radiant gold for fast delivery, down three USD to 2,158 USD/ounce. Gold futures remaining traded at $2,161.30 an ounce, down $three.60 from the intense spot.
Gold held consistent on Tuesday as advisors remained on side at the principle US Federal Reserve (Fed) assembly this Wednesday. The convention is predicted to offer extra issues approximately the timing of hobby charge cuts this year.
Currently, the marketplace should ensure that the Fed will hold hobby quotes at this assembly. What is predicted in funding is monetary reviews and charge updates of deliberate policies.
Despite the pressure, gold stays on the assist degree of 2,a hundred and fifty USD/ounce. KCM Trade leader analyst Tim Waterer stated that gold`s short-time period course will rely upon the tone that Fed Chairman Jerome Powell takes at this week's coverage assembly.
According to this expert, if the Fed specializes in the lately introduced CPI, PPI and the energy of the hard work marketplace, hopes for added financial coverage may be extinguished. In that case, gold may also lose assist or even lower in depth.
Continue sideways waiting for the day to breakWorld gold prices fluctuated little as investors waited for the US Federal Reserve's (FED) policy meeting on March 20 (US time). The meeting is expected to provide more clues about the timing of interest rate cuts this year.
Currently, the market is almost certain that the FED will keep interest rates unchanged at this meeting. What investors are waiting for are updated economic forecasts and interest rates from policymakers.
Chief market analyst Tim Waterer of KCM Trade commented that if the FED focuses on the recently announced US consumer price index (CPI) and producer price index (PPI) and the strength of the market, labor, hopes of loosening monetary policy will be extinguished. In that case, gold could lose that support and fall even deeper.
Currently, according to the CME FedWatch tool, traders are currently pricing in about a 51% chance that the Fed will cut interest rates in June, down from 56% on March 18.
In addition to the FED, policy meetings of central banks in Japan, England, Australia, Norway, Switzerland, Mexico, Brazil and Indonesia also attracted investors' attention.
Gold is about to enter a weak zone and accelerate its declineThrough the analysis of the 4-hour chart of gold, we know that gold rebounded from the early trading to the pressure level of the downward trend line of 2163 and fell back. In the short term, we can clearly see from the chart that a concussive downward channel has been formed in the short term. We can see from the chart below The chart can also clearly see that the market is heavily involved in the short-term market at high levels. In the short term, MACD will run below the zero axis and further enter a weak market. In the short term, we will focus on the support of 2135 and 2124. In the short term, we will continue to short at high levels.
You can refer to my trading strategy, I hope it will be helpful to you
Reduced slightly then increased againWorld gold prices increased slightly with spot gold increasing by 3 USD compared to last week's closing level to 2,161 USD/ounce. Gold futures last traded at 2,164.9 USD/ounce, up 1.3 USD compared to yesterday morning.
World gold prices recovered slightly after falling to a one-week low on Monday as investors await a series of policy decisions from major global central banks, including the Federal Reserve. US Federal Reserve (Fed).
Currently, the market is almost certain the Fed will keep interest rates at 5.25% - 5.5% at its policy meeting on Wednesday. Investors believe that the US Central Bank may reiterate its view of keeping interest rates higher for a longer period of time in the context that inflation is still "persistent".
Traders are currently pricing in around a 56% chance that the Fed will cut interest rates in June. Higher rates reduce the appeal of holding non-couponing gold.
Data released last week showed US consumer prices rose sharply in February and producer prices rose more than expected amid rising prices of goods such as gasoline and food. Gold lost 1% after the report.
Gold trading trend next Monday
There will be no special news next Monday, and gold will fluctuate and consolidate. In the Asian and European markets, I think the possible operating range for gold is between 2150-2165. If there are new breakthroughs, I will update with new trends.
Operation strategy:
buy 2148-2153
sell 2163-2165
Set a smaller stop loss range.
I will update my analysis or signals if any range is broken, please join me. And give me a like. thank you all. Find me ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓
To get back to Gold, we need a decline, entry sell todayGold futures price for delivery in April 2024 on the Comex New York floor decreased by 6 USD, equivalent to a decrease of 0.28%, to 2,161.5 USD/ounce.
Information from central banks will take center stage this week, with interest rate decisions due from the Bank of Japan and Reserve Bank of Australia on Monday, the US Federal Reserve on Wednesday, Bank of England and Swiss National Bank on Thursday.
Markets will also pay attention to housing starts and building permits in the United States on Tuesday, as well as weekly jobless claims, the Philly Fed manufacturing survey, Flash PMI and existing home sales on Thursday.
Given the pace of the breakout and the slowdown at $2200, it looks like gold needs a pullback, and with the Fed on Wednesday, it's reasonable to see some profit-taking beforehand. There are probably a lot of investors who have put in money late and want to take some profits now that the breakout has started to falter, especially with a major mover on the horizon.
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 .
Xauusd traits todayGold has spoke back to uptrend resistance and will be at risk of a few recuperation here. That said, buying and selling stays optimistic whilst on this pattern. From a buying and selling standpoint, losses must be confined to 2114 IF charge is shifting better this time round with a near above 2180 wished for a follow-through.
Note that the FOMC hobby fee choice may be introduced subsequent week, wherein we get up to date monetary forecasts associated with growth, inflation, and employment. As always, the dot plot may be below unique scrutiny as markets verify the chance of decrease quotes this year. Catch up on launch facts and tune weekly closes here. Review my cutting-edge Weekly Gold Technical Forecast for an in-intensity study the longer-time period view of XAU/USD buying and selling levels.
Gold continues to go down, entry sell todayWorld gold prices decreased slightly with spot gold down 12.1 USD to 2,161.4 USD/ounce. Gold futures last traded at 2,166.5 USD/ounce, down 14.3 USD compared to yesterday morning.
World yellow metal prices reversed and decreased slightly in the trading session on March 14 (US time) when the market received more inflation data that was not as expected. The latest report showed that inflation in the US increased slightly higher than expected, helping the US Dollar Index recover and US Treasury bond yields increase.
Accordingly, the producer price index (PPI) increased by 0.6% in February, double the forecast increase of 0.3% over the previous month and the increase of 0.3% in the January report. Previous Meanwhile, in the middle of this week, another report showed that the consumer price index (CPI) increased by 3.2% over the same period last year, higher than experts' forecast of an increase of 3.1%. The core CPI in February increased by 3.8% compared to the expected increase of 3.7%. CPI and PPI data both increased stronger than forecast, fading the prospect that the US Federal Reserve (Fed) will soon cut interest rates.
Technically, April gold futures speculators have a solid overall near-term technical advantage. A four-week steep uptrend is underway on the daily bar chart. The bulls' next upside price objective is to produce a close above solid resistance at $2,203 an ounce. Bears' next near-term price objective is to push futures prices below solid technical support at $2,100 an ounce.
Gold plummeted without stopping, selling trendWorld gold prices turned to inch up slightly with spot gold increasing by 15 USD to 2,173.5 USD/ounce. Gold futures last traded at 2,179.5 USD/ounce, up 13.4 USD compared to yesterday morning.
World yellow metal prices rebounded on Wednesday, supported by a weakening USD as investors remained hopeful the US Federal Reserve (Fed) would cut interest rates in June despite inflation. Inflation in the US increased. Meanwhile, escalating geopolitical tensions cause safe-haven demand for gold bars to remain.
After the recent recovery, experts are optimistic about the yellow metal.
On Tuesday, bullion retreated from a record high notched last week, posting its worst one-day decline since February 13 after a new report showed US consumer prices increased sharply in February, showing that inflation is still persistent.
Higher inflation data makes it difficult for the Fed to ease monetary policy and this will put pressure on non-interest-bearing assets such as gold.
Despite hotter-than-expected inflation data, traders continue to bet the Fed will cut interest rates in June. According to the CME FedWatch tool, the market is currently pricing in a roughly 65% chance The Fed will loosen monetary policy.
XAUUSD Wednesday Trend Analysis
Gold fell on its first day after the cpi data was released. The current price is 2156. Look at the daily line and 4H line. Gold remains in an uptrend. But there is a downward trend on the 1h line.
1/ Fibonacci first coincides with EMA in the 2165-2169 area. We can try to sell gold.
2/If gold rises and breaks through the 2174 area (the resistance level the day before yesterday), then can we wait/sell gold at 2178-2183
If gold falls directly it could trigger multiple lower resistance levels. The 2131 area is observed as strong resistance and a rebound is likely.
The price space of gold is very wide, and we need to judge the trading area based on the specific trajectory. Rather than trading blindly, I wish everyone smooth trading.
If my analysis can help everyone, please pay attention and join me, I will update my thoughts.
Gold fell again, selling trend todayAfter peaking at 1,282 USD/ounce, the world's gold price today, March 13, was sold very strongly when inflation in the US increased slightly and the USD increased in value compared to many other foreign currencies.
Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast.
Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%.
CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position.
On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down.