XAUUSD: Summary of the week
Gold topped $2,000 an ounce on Friday, with spot gold ending the week up more than $20 on the back of a weaker dollar.
Affected by the Thanksgiving holiday, gold was weak on Thursday and Friday, there were no good trading opportunities, and the overall profit this week was relatively small. Next week, I will take my friends to dig hard!
Xauusd1h
XAUUSD: Next week's highlights
This week, gold returns close to 40k, gold once rose to 1993 in the case of CPI data, then fell back to 1980 near, next week focus on the 1980 support to break the situation!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
XAUUSD: Trend analysis and operation strategy
Jobless claims helped gold rally again yesterday as data showing a softening labor market, combined with recent inflation data, reinforced the view that the Fed is unlikely to raise interest rates further. These negative US economic data exacerbated the decline in US Treasuries, which in turn caused the price of gold to soar. The daily level, the Bollinger band continued to close flat, the surge in international gold prices broke through the resistance of the first line of the medium rail, and successfully stood firm above the medium rail, the morning opening price continued to rise, there is a trend of further higher in the short term, and this wave of rebound prices once again hit $2000 is not a problem. 4 hours, the Bollinger belt opening up, the price of gold to maintain the upward trend of shock, the whole direction is still mainly, the recent trend of gold is relatively strong, the pullback is expected to be not too much, short-term attention to yesterday's rise after the pullback near the low point of support, that is, the 1980 line of support, waiting for the price pullback to do more.
Spot gold operation recommendations:
Strategy 1: Callback 1976-1980 near multiple single entry, stop loss of $6, the target 1992-1995 line;
Strategy 2: Rebound 1995-1992 near the short single entry, stop loss of $6, the target of 1980-1975 line.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Double top formation, subsequent fall?
From the technical point of view, the current formation of a double top shape, the future market bearish, but due to the support and data near 1975 led to a temporary rise in the market, the subsequent energy is insufficient, and now has fallen to near 1979.
Continue to pay attention to the impact of the meeting in two hours, if it breaks 1975, continue to bear!
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Watch the impact of preliminary data on gold
Today, gold peaked in 1997, hit 2000 points failed, the current price of 1985, focus on the impact of initial jobless claims data, we can choose to operate after the data.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Monday's market is down, trading enthusiasm is not high!
Today, gold jumped low, the lowest point was 1963, followed by a short time to rise to near 1972, the highest point was 1983.
All day oscillating market, we all day between 1975-1980 dips, dips short, trading is mainly short-term operation, the overall profit is relatively good!
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Lucrative week, next week
The Israeli-Palestinian conflict escalated sharply, and panic helped gold jump more than $60.
At the same time, the Federal Reserve spoke, sending a heavy signal, or ending the pace of interest rate hikes.
Next week brings the focus of the Fed's frequent speeches, especially whether Powell has brought surprising remarks.
Next week watch for a continuation of the rally above 1920, with new highs continuing to see resistance pressure in the 1947-1950 area.
At the same time, if the market continues to fall back and adjust, it has fallen below the 1920 position and continues to see support at the 1900 position.
We also made a profit of nearly 150 points this week, and next week we will focus on whether the conflict escalates!
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Today's gold analysis and advice
The day will focus on the United States September import price index monthly rate, the United States October one-year inflation expectations, the United States October University of Michigan consumer confidence index preliminary value, according to yesterday's data performance, the evening data will be biased towards bearish gold prices, coupled with 2023 FOMC voting committee, Philadelphia Fed Chairman Harker on 2023 economic prospects speech.
From the daily line, the Bollinger band closed, the gold price yesterday rose to the first line of 1885 dollars, that is, near the Bollinger medium rail resistance, which is also an important support position for gold in late August, a place where the top and bottom conversion, breaking through this position to open the space above.
4 hours, the Bollinger belt has signs of closure, the price of gold in the upper track near the resistance after the pullback, in the impact of the data back to yesterday's 1870 support line, did not form an effective break, then, the day's gold prices are likely to maintain in 1870-1875 this range of oscillations, before not falling below the 1870 line, gold short line or more shocks, Even if it is to fall, there will be a second test resistance process, today's gold price short-term attention above the 1885 line of resistance, below the 1870 line of support.
Short-term strategy reference: High probability scenario: bullish above 1865, target 1890-1900; Low probability scenario: Bearish below 1865, target 1855-1850.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Choppy market
Affected by the Palestinian-Israeli conflict over the weekend, the gold price soared today, once rising to 1850, and the market fluctuated throughout the day, in addition to the multiple orders on Friday, we also gained nearly 10 points of profit.
If you are confused about trading, please join me, I believe you will have a great harvest!
XAUUSD: Waiting for another Sell opportunityGold is running within a narrow range, which is no different from its recent trend! It’s all ink on the Asian and European markets, and the US market explodes! The current trend is still falling. There is no problem with this. In terms of operation, continue to short, relying on the pressure of yesterday's rebound high of 1914-1915 to be bearish!
Today's trend is to fall first, rebound and then go sideways, but there is no pressure to break through 1915 at the highest! Because it can be seen from the hourly chart that the strength after breaking yesterday was very strong, which was the beginning of a new downward band, corresponding to the previous downward band of 1953!
It has just started to fall now, and the shock rebound after breaking the position is insufficient, indicating that the bulls are unable to resist! The band of this decline is the daily level Bollinger lower track support position, which is within the 1890-80 area!
So the summary is 1914-1915Sell, target 1900, 1890, 1880
XAUUSD:Summary of the day
Today, the opening price of gold is near 1940, the whole day oscillating market, after the afternoon data came out, the short-term pull up 8 dollars, but encountered strong resistance will soon fall below 1940, the follow-up focus on whether gold can stabilize 1940 line, the follow-up operation is mainly low!
Today's profits are very small, I always believe in not trading until the data is out, that is no different from gambling!
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD: Make accurate forecasts and reap profits
Earlier in my article to give you a signal, I believe that the attention has been reaped a lot of profits.
Gold is currently consolidating around 1954, and is not expected to fluctuate much tonight, and I will continue to provide operational plans for you tomorrow morning!
Join me and don't let procrastination and hesitation stop you from making money!
XAUUSD: Sell
In the past three weeks, gold has been oscillating in the 1970-1930 area. Within this range, 1940, 1955, and 1969 have been tested repeatedly.
Yesterday’s closing price was around 1958, which is considered to have broken through the resistance of 1955. However, in the 1h chart, the form of MACD is at a high level, with a downward trend, and the K-line arrangement has a head-and-shoulders trend.
So in yesterday's trading, after the end of the short trading in 1961 and 1960, my strategy is still to short at high positions. Because if it forms a head and shoulders top pattern, then it must fall below 1950.
Trading Signals:
sell: 1958-1963
tp:1953-1938
Gold trading recommendations today
After a long period of volatility, gold finally fell below the daily moving average support. As long as the intraday rebound does not break through the pressure of 1945, it proves that the break is valid. Next, continue to short, and the pressure of 1945 should be shorted first!
Gold fell unilaterally yesterday, and the 1950 empty order mentioned yesterday also fell and won a big victory! The current rebound is weak, the decline continues, and the rebound is still an opportunity to go short!
From the trend point of view, gold seems to be still fluctuating in a large range, and there is no support for falling below the previous low of 1925! But at the daily line level, it can be seen that the moving average has turned down! Before that, the k-line was still running above the long-term moving average, but yesterday it broke directly!
Trading straregy:
gold: sell@1945 tp1:1920 tp2:1900
Next, there will be a lot of trading opportunities for gold, and I will provide you with more signals, don't miss the opportunity to make money!
XAUUSD SELL PROJECTION 18.06.23Reason Behind the SELL Projection
1. Breaked teh Uptrend Line @ 1960
2. Candle Stick PatterN of Bearish Spinning Top Confirms Further SELL movement
3. Chart Pattern of Decending Triangle Pattern which determines the Bearish Continuation to the support of 1890
Overall Possible Outcomes
XAUUSD SELL below 1980
sl 2010
tp1 1930
tp2 1890
XAUUSD:Fundamental analysis
The current U.S. debt ceiling is 31.4 trillion U.S. dollars, which is approximately equivalent to 120% of the country's annual economic output.In January this year, U.S. debt hit this ceiling.Due to the pressure caused by falling taxes, if Congress fails to raise the federal government's debt ceiling, the United States may default on its debt as early as June 1.U.S. President Joe Biden met with U.S. House of Representatives Speaker McCarthy at 5:30 a.m. on the 23rd to discuss the debt ceiling issue. The market is currently waiting for an effective result.In addition, the market continues to pay attention to changes in the situation in Russia and Ukraine.On May 23, key data to pay attention to: the revised monthly rate of construction permits in the United States in April, and the initial value of the Markit manufacturing PMI in the United States in May.
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XAUUSD:Trading straregy
Through the analysis of the golden hour chart, we know that the market rebound was unable to rise and fall, and once reached the 1951 line to stop falling and rebound. At present, it is still in the process of rebounding slightly. From the perspective of the overall trend, it was affected by the data in the evening and fell below the support level of the 1969 line.
However, we can see from the attached picture above that the main force of the bulls showed a Jedi counterattack signal for the first time and the rebound was weak. The overall performance failed. The Jedi counterattack signal appeared again last night, indicating that the bulls have a strong willingness to rebound. It has become a pressure. In the short term, we will continue to operate at high altitudes and low multiples. The specific suggestions are as follows:
Gold:sell@1965-1970 tp1 1955 tp2 1945
buy@1945-1950 tp1 1960 tp2 1965
The timing of entry will be notified later, please stay tuned!