XAUUSD:Short-term bearish within the day, and then rise againGold suddenly rose rapidly in the short term. The price of gold has now risen to around 1956. In the Asian market, the price of gold once touched a level around 1945. The price of gold has successfully touched our first target price of 1945. Waiting for the price of gold to fall below this level will confirm that the price of gold will continue The corrective bearish trend and fell to the next target 1913.
I continue to predict that the price of gold will be in a bearish trend for some time to come. From the 4-hour chart, the price of gold is below the 50-period exponential moving average (EMA), which supports the bearish expectation.
It should be noted that if the gold price breaks through 1956 and continues its upward trend, this may push the gold price's intraday outlook to turn bullish, and rise to the key resistance 1977, and then try to fall again.
The timing of long-short operations around 1956 needs to continue to pay attention to the follow-up trend
Intraday real-time trading signal follow-up update...
Goldtoday
XAUUSD: sell high and buy low, look at 1951 in the dayOn the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls.
The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view is 1941 US dollars. However, due to the fact that the US market is closed, the market transaction is light. Investors continued to assess the future path of interest rates following hawkish comments from Fed policymakers.
Matt Simpson, senior market analyst at City Index, said: "Gold has spent most of June between $1,935 and $1,970, and with no obvious catalysts emerging, traders are more willing to trade within the range, not entirely. Hope to break out of the range."
Gold prices edged lower last week as traders ramped up bets on a July rate hike after a hawkish Federal Reserve paused after 10 straight rate hikes. Traders are currently pricing in about a 72 percent chance of a rate hike in July, according to the CME's "FedWatch" tool.
Christopher Wong, FX Strategist at OCBC Bank, said: "Historically, gold prices have probably outperformed at the end of a Fed tightening cycle. While the opportunity cost of holding gold has risen, we see lower real yields at some stage. It shouldn't be too long, and that could support gold prices."
Investors are now waiting for Federal Reserve Chairman Powell's testimony before Congress on Wednesday (June 21) and Thursday (June 22) for further clues about the future path of the Fed's interest rate.
Gold shocks
At present, gold continues to fluctuate in the 1950-1965 range, and today we will focus on gold to pull back to the support level, wait for a stable signal to appear, and then go long.
Gold Trading Strategies:
gold:buy@1940-1943 tp1955-1958
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold Detailed Trading Signals!Gold Looking at the daily line, gold has weakened the support at the bottom of the downtrend. A close above the trendline at the top of the pennant (around 1967) would be a sign of strength. Gold Looking at the 4-hour line, gold prices are in a two-week-old falling wedge-shaped bullish technical formation. A bullish crossover on the MACD indicator and a U-shaped reversal in the relative strength index (RSI) from oversold territory added strength to gold's recovery hopes. The 200-period exponential moving average (EMA) adds strength to the upper edge of the wedge, making it harder for gold to cross the 1968 barrier.
On the whole, it is recommended to treat more shocks in the evening gold operation!
Gold night operation strategy:
Long and single strategy: 1958-1956 long, stop loss 1949, target around 1970;
Short order strategy: 1970-1972 short, stop loss 1978, target around 1959.
gold will continue to rise6.16 Analysis of today's gold market trend:
After the confirmation of the rise of gold on Thursday, the change of strength and weakness has not been formed. This kind of trend ushered in the outbreak of bulls again. Since the bulls and shorts failed to change, then, gold will still maintain a bullish trend in the near future, which is undoubtedly bullish.
What needs to be noted in the session is that the daily line cycle has a false breakthrough. Although the decline pierces the lower track of the daily line Bollinger, the positive k-line after closing up is firmly above the lower track of Bollinger, breaking through the middle track of Bollinger with a big positive line , and today's k-line is also standing firmly on the Bollinger middle rail, so today's gold is absolutely strong, and the upper Bollinger rail high point of 1980 or 1985 (the starting point of the previous decline) can be seen above.
In the H4 cycle, Gold Lianyang is rising, and the high point on the upper track has not been tested yet, so there is no opening at present. To be bullish, you need to look at the gains and losses of the high point on the upper track at 1968/1970, and then see whether Bollinger will open. Therefore, the suppression point within the day It is also relatively clear. The first high point focuses on 1970, and the second high point focuses on 1980. During the Friday time period, it is expected to continue its strength, rushing to the suppression point and then falling back. The small cycle determines the entry and exit of specific transactions. After the first wave rose to 1960 on Thursday and fell back to 1951, it was weak. The actual support was at 1950. Therefore, the key point of today's strength is at 1950, and the support for rising and falling again at midnight is at 1955. Therefore, the strong support is at 1955, then, the actual transaction can be placed above 1955 or 1950 to do long, and the specific situation is combined with the intraday pattern. Whether the high suppression point can be long needs to be considered in the US market
6.16 Gold Strategy: If it goes up, it is recommended to rebound to 1968-1970 and short, stop loss 6 points, target 1960-1955 break position can be held; if it goes lower, pay attention to 1955-1950 support and do long, stop loss 6 points, target 1965-1970 break position can continue to hold
Bullish fell back to yesterday's low instead, how to look at theThe market CPI is bullish tonight. It did not continue to rise and break through, but fell back to the low point of yesterday. In fact, it is still in the shock range of 1970-1940. Can we continue to try more today? I think it's worth giving it a try.
So I think:
Bold investors 1952-1950 light positions and long positions
Steady investors participated in the long range from 1942 to 1940
CPI inflation data forward-looking, personal forward-looking guiTomorrow is the release of cpi data. Judging from the volatile and sideways trend, tomorrow's market should be very big. Here I believe that many investors still want to know, I am more inclined to cpi is falling or rising.
From the perspective of data expectations, the previous value is 4.9%, and the expected value is 4.1%. The gap in the middle is still relatively large. Maybe everyone thinks that the rate of inflation will not fall so quickly. With a high probability, most people think that the announced value will be greater than expected, but less than the previous value. But I personally prefer less than expected. In this way, the impact on the data is data bullish for gold, but the trend of gold prices will show a performance of rising first and then falling.
Because when inflation falls, the first wave of bets on market funds must be bullish on gold as shown by the data. But at the same time, when inflation falls, it means that real interest rates in the United States are rising. Correspondingly, when the first wave of market funds broke out, the market sentiment returned to rationality, which brought about a new stage of selling of gold. Therefore, it is more inclined to pull up strongly in the short term, and it is expected to reach around 1980. Then began a new round of shocks and fell, and entered the trend of 1930-1980 range shocks. The above is my expectation for the high probability trend of the future market. Of course, it is only a personal forward-looking guideline. In the end, market data shall prevail.
Analysis of gold trading on Friday
Gold is basically a wide range of shocks in the 4Hboll channel at this stage, including last week's non-farm drop is also within this wide channel, gold is only testing 1970, at present, the monthly line 5 antenna support has not broken, the weekly line 5 antenna pressure has not broken, 1938-1970 this range also fluctuated for a week, I think it is still a short-term rebound, above there is still a chance to short
Personal Trading Strategy:
gold:sell@1968-1972 tp1958-1955
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold short signal
U.S. jobless claims rose to their highest level since October 2021 that week, but the labor market may remain one of the healthiest segments of the U.S. economy
We can find that the two positions of 1940 and 1970 are exactly the weekly MA5-day moving average and MA20 moving average position, just as gold is maintaining this range adjustment.
Well, we can still be short around 1970, even if the current low is 1940, we have a profit of almost $30
And you're long now, above the 1975 resistance, above the 1985 resistance. Not only is there no profit, but there is a risk of loss at any time, so for now I still recommend short around 1970, the first target is around 1950, followed by around 1940.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold - Selling pressure is weighing on sentimentOn Monday, there was a slight dip in the price of gold due to uncertainty surrounding the Federal Reserve's decision on its benchmark later this month.
This drop followed the release of stronger-than-expected Nonfarm data for May, which suggests a more hawkish outlook for the Fed and could lead to higher interest rates for longer.
As a result, non-yielding assets like gold may perform well in this scenario.
dditionally, the recent passing of a bill to raise the debt ceiling has increased investor risk appetite, leading some to move away from safe-haven assets like gold.
Looking ahead, it appears that gold may revisit the price range of $1965-$1970, with $1940-$1935 serving as a strong support area.
However, if this support zone is breached, a Sell fomo order may be activated, potentially leading to a price drop to $1900 in a short period of time.
Can gold fall?
Optimism over the U.S. debt ceiling deal hit the dollar and U.S. Treasury yields, which fell sharply from two-and-a-half-month highs, providing an opportunity for gold to rebound, and the international situation also provided safe-haven support for gold prices
Gold short-term bearish signals have weakened, but the dollar is still relatively strong, the Fed June interest rate hike expectations heating up and the year's interest rate cut expectations cooling, gold may fall at any time, short-term trends still have large changes, gold is currently above 1970 resistance to fall, gold shows shock adjustment
On the whole, gold trading above short-term focus on the 1970-1975 line of resistance, the short-term focus on the 1955-1960 line of support, gold is still suppressed by the moving average, in addition, it is also necessary to pay attention to the non-farm payrolls data released on Friday.
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Gold strategy
Gold after yesterday's rise, the highest level is 1963.32, without breaking through 1965 there is still a chance for us bears. At present, gold is still at a high level, for the current market, can it continue to go short? In this regard, I think that the short-term can be bearish within the day, mainly depending on the strength of the decline
My view of gold in the near future is to see it finish the downward trend at the bottom position and then lay out the rebound market. But before the non-farm payrolls announcement, gold began to enter a correction period
My general view of gold at the moment. Last night was the release of relevant US economic data, simply put, house prices rose, indicating that the real estate market is developing well, which is good for the US economy and bearish for gold. As well as the consumer confidence index, the release value is higher than expected, which can also indicate that the US economy has been boosted, and the masses have begun to remain active in the consumer market, which is also positive for the dollar and bearish gold.
Looking at the short-term 1 hour, gold began to fall from the high of 1959 this morning, the lowest was to the position of 1954, and after an hour of line change, it began to rebound again. The current narrow range of oscillations is 1950-1960, with the initial resistance above the 1965 area, followed by the upward look above 1970.
This sudden rise will inevitably push up the support in the short term of gold. 1950 became the first support, 1940 became a strong support, if this level can be broken, then we will continue the previous short strategy.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
🪙 Gold (US$ / OZ) | Wednesday 31/5/2023 🪙Gold (US$ / OZ) | Wednesday 31/5/2023 | Ethan Smythe
Fundemetal
Gold prices rose higher at market open on Tuesday in response to a fall in US Treasury Yields following Washington's push to raise the US debt ceiling. This development sparked optimism with respect to recent fears of a US debt default on Tuesday. Congress now has up until June the 5th to consolidate this policy which still presents a degree of uncertainty as to whether this outcome will be met. Joe Biden went on to express his confidence and reassurance to markets that the debt will bill gets passed by the Senate. So what's the verdict? We anticipate that should the bill get passed we could see US yields continue to fall putting further upward pressure on gold throughout the remainder of the year.
Technical
From a technical standpoint, gold is currently trading at the bottom of its monthly upward channel and appears to be showing significant signs of strength. This strength appears to be the result of previously mentioned fundamental drivers. As of now, gold is testing the 200 MA, if we can get a clear break of the 200 MA and find support above this key level we should expect to see price raid the $2000 level. Provided this outcome does in fact occurs we further anticipate significant resistance at the $2000 level as buyers begin to realize gains. This would be an optimal level to set a profit target on any longs taken on the break of the 200MA. After price has begun to settle and the bulk of profit-taking has occurred we expect buyers to accumulate and break the $2000 level. If the price finds support above $2000 and breaks its previous ATH we expect gold to try and reach the top of its channel at around $2100.
Wednesday Gold moves in a narrowing bandGold prices have been trading in a narrow range of $1,950-1,980 for almost a week.
This comes after the prices dropped below $2,000 level due to the uncertainty around the US default. C
opper prices have hit a six-month low due to weakening demand and global manufacturing activity.
The metals market has been under pressure as the US dollar has strengthened, with traders speculating that the Federal Reserve will maintain higher interest rates this year.
SELL GOLD zone 1985 - 1983
Stoploss: 1992
Take Profit 1: 1980
Take Profit 2: 1975
Take Profit 3: 1965
Note : TP, SL full to be safe and win the market !
Gold transaction analysis
The plunge in US stocks yesterday caused a clear signal of gold's rise. Coupled with the current uncertainty surrounding the US debt ceiling discussion, US Treasury yields have risen, and the price of gold has once again returned to above 1970.
In the trading strategy given yesterday, I repeatedly emphasized that I should pay attention to the trading position. Near 1955, I once again notified my friends to start trading and buying. The results proved that my analysis was completely correct, and the friends who kept up with the trading signals also made a very large profit.
At present, gold is around 1975. I don't think this is a good trading position. We need to wait patiently. When the top of gold breaks through the 1980-1985 position, I will consider shorting again.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Gold (XAUUSD) 4H ChartTechnical:
The near–term support is around $1815, violation below targets $1800/$1770/$1750. Significant reversal only below $1750.The yellow metal faces strong resistance of $1835, any violation above will take to the next level $1860/$1877/$1912 is possible.
Markets eye US CPI data on Thursday for further direction.
DISCLAIMER: ((trade based on your own decision ))
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Possible Head and Shoulders Pattern For XAUUSD, the market has stopped for now. Until it resumes back a few hours later, I thought to share an interesting thing I just picked up.
We have a Head and Shoulder Pattern that has formed on XAUUSD (2H). If that is the case, go short and set your T/P at 1765 regions.