XAUUSD BUY TREND CONTINUATION 09.04.23Reason Behind Trend Continuation
1. Breaked out the Ascending triangel Pattern @ 1950 and Retesting 1980 Before Making Higher High
2. Bullish Dogo Confirm the Bullish Movement
3. Fundamentally DXY stronger and Make Lower as Low Volume In market
4. Retest the demand Zone and Further Bullish Move
Overall Possible Outcomes
XAUUSD BUY @ 1980-1990
SL 1949
TP 2074
Xauusdtrade
Where will the end of gold's rise be?Affected by the extreme market sentiment, gold remained in a high state of volatility during the day, and there was basically not much room for recovery. This also shows that the current market long sentiment and confidence are still very strong.Technically, the pressure of the trend line near 2028-30 has also played a certain suppressing role, but the actual effect is not strong. Under the extreme market sentiment, the room for short-term repair is still not very large.After the release of ADP small non-farm payrolls data, the dollar fell again, which also caused gold to rise again.
Judging from the 1-4-hour level of gold, gold directly broke the original shock range and was strong in the short term, resulting in a very abrupt state of the market. In the previous trend, it is not difficult to find that every time the gold price rises, it will be accompanied by a correction.It's just that the length and magnitude of the correction are not the same. In this way, there will be a correction of the high-level correction during the day, and there should be a correction in the short-term.The hourly line shows that the short-term gold price has risen sharply to get rid of the support level of short-term technical indicators, and the long-term strength is strong, maintaining short-term guidance and reference. The sharp increase during the day exacerbates the overbought price pattern on the hourly line, and there may be strong demand for correction during the day.The decline in gold prices first focuses on the vicinity of the previous high point of 2010. If the gold price stands firmly above 2010, gold in the future will rely on this support and rise again.
Short-term trading reference:
First sell gold in small batches near the 2023-2024 position, with a stop loss level of 2030 and a take profit level of 2010
I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD: Bullish Pennant!In early Asia, the gold price XAUUSD is under significant strain due to the increase in pressure to use US inflation, following OPEC+'s surprising announcement of production cuts at the end of the week. The valuable metal has fallen below $1960.00 as there is hope that the Federal Reserve (Fed) will maintain higher interest rates for a longer period. With the expectation of a boost in the US growth rate, higher oil prices resulting from conflicting output cuts will make it impossible for the Fed to maintain a stable monetary policy in May.
The US Dollar Index (DXY) exceeded 102.70 due to the anticipation that the Federal Reserve (Fed) will continue to increase interest rates by 25 basis points (bps) to reach 5.00-5.25%. As a result, S&P500 futures contracts experienced a significant decline during early Asia, indicating a need for caution regarding the general appetite for risk. No information has been left out in this paraphrased text.
The Relative Strength Index (RSI) (14) has entered a descending range between 20.00-40.00, indicating that Gold must experience a decline in order to maintain its upward momentum. No information has been left out in this paraphrased text.
XAUUSD LONGAs price keeps making higher highs, wait for the price to come to the liquidity zone, and BOOOOM
take a long trade and book some profits.
Keep in mind that gold has one liquidity zone left at very bottom. Price has to come to that point to collect all the liquidity from that point so always use Stop Losses and yea before that book some profits. ;-)
Happy Trading.
seize the opportunity of trading in the gold volatility range!After yesterday's rally and closing positive, gold has so far emerged from a bottoming and rebounding market today, reaching a minimum of 1958.75. It is currently trading near the 1966 position. Judging from today's short cycle, gold prices have not achieved a breakthrough and have been under pressure. In the falling market, gold did not fall to the 1930 area again, and the 4-hour range fluctuation is still there.It is expected that gold will fluctuate in a large area from 2000 to 1950, which is a high probability.
From the fundamental point of view, although the banking crisis has been alleviated, the economic recession and the geopolitical risk-averse market are still there, so it is destined that gold will continue to be in a high and volatile market.
Short-term trading reference:
1.Sell gold near the 1973-1974 position, stop loss level 1979, take profit level 1960-1955
2.Buy gold near the 1952 position, the stop loss level is 1949, and the take profit level is near 1966
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
XAUUSD: Continue to go long with a target of 21K
After failing to break through the 2000 level, gold fell below 1960. The overall trend seems to have weakened. However, what I want to say is that you still do not understand the intentions of the main players. Two failed attempts are actually a sign of accumulation of strength. When the market believes that the trend will continue to decline, the real rebound will begin. Moreover, at that time, there will be no opportunities to enter the market, and the upward momentum will be significant, which may directly break through 2000 and reach 21K.
Therefore, personally, I will buy a large amount of gold at around 1950-1960, or even lower, waiting for the main players to enter the market one after another. The more people are bearish on the market, the more favorable it is for us to go long. So now is the best time to lay out the positions and witness the breakthrough of the market.
I have already started a million-dollar challenge, where I will operate an account and aim to earn a profit of 10 million within a month. A viewing account will be provided to allow everyone to experience how large capital positions can generate profits in the market. Let's witness it together!
XAUUSD Rebound MovesAs XAUUSD Falls we can look to scale RE in via the long side.
This requires a larger fall from prev highs over 2000$ back to comfortable support. The current PA level you are falling to is early on the FIB scale and represents weak market sentiment.
We require a fall to more feasible levels because we are after value.
Follow Updates to come.
XAUUSD BULLISH CONTINUATION 26.03.23Reason for Bullish
Technical
1. Retest Support of 1960 and Make Futher Bullish Movement
2. Expecting Breakup in Ascending Triagle Pattern which Push Higher to 2074
Fundamendal
Dxy Clear Downtrend Continuation
Retesting 103 and Make Lower Which Moves towards Our pattern
Overall Possibel Outcomes
XAUUSD BUY @ 1960
SL 1930
TP 1 2000
TP 2 2074
Gold bulls are brewing the next round of outbreak?Although the gold price yesterday did not reach the first line of 2010 that I expected, it reached the highest line of 2003, and it was only 7 US dollars away from the expected position of the first line of 2010.After gold surged to the 2003 line yesterday, it fell back in shock, and the market was gradually digesting the Fed's previous hints that it might suspend interest rate increases.But the market will continue to pay attention to whether the banking crisis spreads further.In addition, the increasingly tense geographical relations will also provide strong support for gold prices.
Judging from the current trend of gold, the gold price has fluctuated and fallen. It can be seen that there are a lot of selling at the 2000 position, which also shows that there will still be repeated market washing near the 2000 position.From the technical structure point of view, the current short-term gold price is too fast, so there is still a need for correction in the short-term, so the technical structure supports the repeated washing of gold prices.But on the whole, the upward trend has not changed, so until the trend has not changed, we can continue to maintain a bullish thinking.
In the short-term treatment, the top focuses on the pressure of the recent high of 2010, and the bottom focuses on the support near 1980.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Safe-haven buying may push gold prices to new heightsDuring the Asian session on Monday (March 20), gold bottomed out and rebounded. It had previously fallen to around US 1,968.18 per ounce due to technical adjustment needs, and over the weekend the Federal Reserve and the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss Central Bank jointly took coordinated actions to enhance market liquidity. UBS agreed to acquire Credit Suisse, which once cooled risk aversion, but this optimism quickly subsided, and buying on dips helped gold prices reverse their decline, and they are currently trading near US 2,000/ounce.
It is expected that gold prices will continue to be supported by safe-haven buying, and the market is also paying attention to the Fed's interest rate decision to be released this week. The market expects to raise interest rates by only 25 basis points. The wording is difficult to be hawkish. It may pave the way for the next meeting to suspend interest rate increases. The market expects the Fed to cut interest rates before July, which is also expected to provide opportunities for gold prices to rise further.
Judging from the trend of gold, it is currently in a unilateral upward momentum. At present, the gold price has exceeded US 2,000/ounce, and the strong bulls have sufficient strength. In the absence of a greater weakening of the bulls, the short-term structure still maintains long expectations.If you change the bullish expectations of the bulls, it will require a greater reverse operation or obvious market news impact. Therefore, the short-term structure will still maintain the long-term expectations. Before there is a clear short signal, it is not easy to change the direction of the trend structure.
In addition, the intraday chart shows that the weekly trend point is above the 5-day moving average of the daily cycle 1960. As long as it does not fall below the support of this point, don't think that gold can have room for a sharp decline.For the intraday market, gold did not continue the rise at the end of Friday at the opening of the market, but fell back and adjusted. The current lowest is near 1968. Since the decline is not strong, then in the short term, the 1968 line supports bullish, and can be adjusted upward appropriately.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
How to deal with being trapped in a short position for XAUUSD?
Against the backdrop of continued safe-haven demand, XAUUSD has repeatedly broken through previous highs. Today, it attempted to establish a short position near 1940, but immediately chose to exit as soon as the market broke through the previous high, because new highs are sure to appear after breaking through previous high points. Sometimes a small loss is a gain for me.
However, it is expected that many market participants have entered short positions and are currently trapped. In the short term, the market is expected to further rise, and the focus is on whether the United States will have relevant policies coming out over the weekend to stabilize the market's panic sentiment. If the safe-haven sentiment can dissipate, XAUUSD will certainly experience a wave of high-rise and fall trend. If you currently have a significant amount of trapped capital, you can leave me a message, and I will provide you with the most accurate strategy. At the same time, I will also share my personal operations for reference.
What to Do When Shorting BTCUSDT is Trapped?
As expected, due to the increasing risk aversion sentiment, BTCUSDT has continued to rise and has reached my second target of 27K, and the next target will be to push towards 30K.
As previously emphasized, when the main force begins to push up, they will not provide very good entry opportunities, so any dip is an opportunity to follow the long position. 25K will be a short-term bottom. If you have friends who are shorting Bitcoin, I personally suggest closing the short position if the market has the opportunity to fall near 25K, and follow the trend to go long. If you have a lot of trapped funds at the moment, you can leave me a message and I will provide you with the most accurate solution.
Similarly, if you missed my first layout at 23K, and second layout at 27K, do not miss the next layout at 30K. I will continue to update my personal operations, so please stay tuned, and hope you all can be winners!
XAUUSD SELLSo currently on XAUUSD / GOLD we are looking to take a sell immediately we get a confirmation of price, so let’s wait patiently for confirmation during the weeks back GOLD has been bullish for really long so it’s time for pullbacks before we can continue the bullish run, so let’s wait patiently for price confirmation and market reaction remember forex is not predicting but market and price reactions. Follow me for more Analysis and please drop a Comment thanks
Will the gold price continue to break through 1940 line upward?On March 16th, a large U.S. bank injected US 30 billion into First Republic Bank to rescue the bank from the widening crisis.Previously, Credit Suisse said it would borrow up to US554 billion from the Swiss National Bank to boost liquidity.The market's worries about the banking crisis in Europe and the United States have cooled, and the global stock market has generally risen. Investors need to beware of the short-term volatility and pullback of gold prices or even the risk of peaking.
In addition, the European Central Bank still raised interest rates by 50 basis points on Thursday.It is expected that the Fed will raise interest rates by 25 basis points at the March policy meeting, which will be slightly bearish for gold prices in the short term.Of course, the current risk-averse sentiment in the market has not completely subsided, and there are still certain safe-haven funds still pouring into the gold market to provide support for gold prices.
From the trend point of view, the top of the short-term gold level is basically all around 1930, and this position is firmly established.The 4-hour-level trend has continued to rise and fall. It is currently temporarily under pressure in the 1935 area. At present, there is a certain degree of deviation from the K-line and there are signs that it has begun to gradually fall below the short-term moving average, and it tends to be able to make a certain degree of adjustment in the short-term trend.On the hourly level, the current range compression is relatively small, and the technical pattern has also begun to gradually weaken, but the overall performance of gold is still relatively strong. At present, the overall range is wide in the 1900-1940 range. In the short term, pay attention to the support in the 1910 area, and pay attention to the resistance of 1935 above.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Can we go long on XAUUSD?
During the Asian session on Thursday, March 16th,
XAUUSD is trading in a range near $1918.34/oz, while the Swiss regulatory authority has promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment remains persistent. Moreover, the market's expectations for the European Central Bank to raise interest rates by 50 basis points in the evening have decreased to 25 basis points or even keep the current interest rate unchanged. The market's expectations for the Federal Reserve to maintain interest rates next week have also increased, which is favorable for the future volatility of gold price.
The ECB interest rate decision, news related to the Euro-American banking crisis, changes in initial jobless claims in the United States, and import price indices should be paid attention to on this trading day.
Daily level: volatile rise; MACD golden cross and above the zero axis, the Bollinger Bands are opening up, and the gold price is expected to move up along the upper Bollinger line in the future. There is no obvious resistance level above the short-term reference of 1930 and near the overnight high of 1937.27; further strong resistance is at the high point of January 26th of 1949.06 and near the high point of February 2nd of 1959.57. If it breaks further, it may look towards the level of 2000.
Personal trading strategy: Focus on buying on dips, following the trend, and avoiding the current risk aversion sentiment. Buy near 1910-1915 with a target of 1930-1950. I will update the strategy promptly in the future, please stay tuned.
Gold continues to be bullish, falling back means going longThe bankruptcy of Silicon Valley Bank (SVB) triggered the U.S. banking crisis, and the negative news from Credit Suisse heightened concerns and risk aversion soared, which triggered a new round of gains in safe-haven assets such as gold.At present, the market is closely waiting for new clues about the banking crisis.
The inflation data released recently showed that it was in line with expectations. It has been half a year since it fell from the highest 9.1% to 6%. The gap from the 2% target is still very large, showing strong stickiness.If the Fed continues to raise interest rates, the economy may have problems. If the SVB bankruptcy does not spread to the entire banking industry, the Fed has reason to continue to raise interest rates.There is still nearly a week between now and the Fed's announcement of the interest rate decision next week, which means that whether the financial pressure eases in the future will directly affect the outcome of the Fed's interest rate hike.
After a short-term decline in the European market yesterday, gold quickly recovered, and the US market directly broke through the previous high, reaching the highest position of 1937.Our multi-orders near 1917 in the short-term operation yesterday very accurately captured this wave of strong market conditions. The resistance of 1950 USD is focused on the top, and the support of 1900 USD is focused on the bottom.On the daily chart, various technical indicators are clearly showing an upward trend.On the technical side, the Dayang upside on Monday matched the Dayang breakthrough at the close of last week. In fact, the long trend was established. Although there was a small yin at the top in the market on Tuesday, it was more of a technical adjustment here. Then in the conversion of the time node on Wednesday, the market re-pulled higher out of the sun, re-establishing the long trend and verifying that Tuesday belonged to the market adjustment.
For the future market, we can continue to maintain a long trend response. The target of the daily price level can pay attention to the arrival situation near 1960 in the early stage to make an expectation. In the short term, after yesterday's US market and the continuation of the early intraday trading, it basically came to the bottleneck of stepping back. Intervention can pay attention to 1910 and below, support can pay attention to the 1900 mark, and focus more on the recovery of the upper space.