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Goldinvesting

XAUUSD: Interest rate cut + geopolitical conflict, how to trade?8.1 Sharing of golden strategies and operational ideas This week's gold market can be said to be a trading variety that global investors are paying close attention to. First of all, it is a super data week, coupled with the escalation of geopolitical conflicts again, making investment enthusiasm high. After Israel launched two consecutive political conflicts, the gold price rose by $80 in three days under the support of the dovish remarks released by Fed Chairman Powell. If the data is positive again in the next two days, it is very likely that gold prices will rise by more than 100$ this week. Yesterday, Powell's speech increased the possibility of a rate cut in September. Coupled with the retaliatory statements of Iran, Hamas and Hezbollah, the gold price is likely to continue to rise in the short term. Therefore, our strategy center is mainly to buy at low levels. Judging from the current trend of gold prices, it is undergoing a correction after a sharp rise. Below, we first look at the previous high near 2430, and then look at the support level of 2420. From the picture, we can see that 2420 is the low of the upward trend line. This point is also where the MSA50 moving average and the lower track of the Bollinger Bands are located. In summary, we can intervene at these two support points today. You can formulate detailed operation ideas by yourself or consult me
OANDA:XAUUSDLong
by TX-7
XAUUSD: Remain cautious and wait for pullbacks to buySharing of gold strategy and operation ideas on July 31 Yesterday, Israel launched an airstrike on the capital of Lebanon, targeting the commander of Hezbollah, which led to an increase in risk aversion. Safe havens such as gold and silver suddenly soared in the case of a decline. This morning, the news that the top leader of Hamas was assassinated in Iran again escalated the increasingly tense geopolitical crisis in the Middle East, and the price of gold rose directly to 2425 points. This makes people have to worry that the powder keg of the Middle East may explode at any time. In addition to the geopolitical crisis, today we also need to pay attention to the impact of the Fed's interest rate decision. According to market forecasts, the previous value was 5.5%, and the forecast value was also 5.5%. In my opinion, there should be no surprises in the announcement of the results. But we need to focus on the speech of Fed Chairman Powell after the data is released. Is it hawkish or dovish? This is what really affects the trend of gold prices. Due to yesterday's sudden incident, our bearish signal yesterday was stopped, and the current price came to 2418 points, which changed the current technical form. The previous pressure of 2400 and 2410 has now become support. If today's data is bullish for gold, the price is likely to continue to test the previous high of 2430, or even reach a recent high. If it is bearish, the price will return to below 2400 again. Therefore, today we strive to make a steady layout and patiently wait for the price to fall back to support and buy, with the target being the previous high of 2430. The above strategy is for reference only
OANDA:XAUUSDLong
by TX-7
The trend of gold has clearly shown a gradual upward trend Gold experienced a brief decline from July 29 to 30, reaching 2380, and then gradually rose and stabilized. It has now reached 2388 and will definitely break through the 2400 mark in the short term. Facing the upcoming Fed rate cut in September, it will further stimulate the decline of the US dollar. Then gold will be one of the main products for everyone to hedge. In addition, the Middle East geopolitical risks are also factors that cannot be ignored in the gold market this week. Tensions in the Middle East, especially the potential conflict between Israel and Lebanon, may increase market uncertainty, thereby pushing up the safe-haven demand for gold. In addition, the US policy trends in the Middle East will also have an impact on market sentiment. In summary, gold still stands firm in the turmoil of the international market and the situation ahead is very good. Upward 2388-2402 Backward 2390-2380 The above is purely personal opinion.
TVC:GOLDLong
by David_strategy
9
Middle East conflict breaks out againGold prices rose to around $2,425 an ounce as tensions in the Middle East stimulated safe-haven buying. Previously, spot gold rose sharply by US$27.09, or 1.14%. The Public Relations Department of Iran's Islamic Revolutionary Guard Corps announced in a statement on July 31 that Hamas Politburo leader Ismail Haniyeh and a bodyguard were attacked and killed in Tehran, the capital of Iran. On the evening of July 30, local time, an Israeli drone attacked a Hezbollah target in the southern suburbs of Beirut, the capital of Lebanon . Reuters reported that the Israeli military claimed it killed top Hezbollah commander Shoukair in an air strike in Beirut on Tuesday in retaliation for a cross-border rocket attack three days earlier. The above information may further expand the international market.
TVC:GOLDLong
by David_strategy
XAUUSD: Get ready to receive the super golden week arrival2410 is the last line of defense. Before it breaks through, all the rises are just rebounds rather than reversals. The Israeli attack on Lebanon just now can only be regarded as an emergency. The risk aversion caused by the emergency comes quickly and will retreat quickly without follow-up. Therefore, we must not be anxious and pay close attention to the 2410 line of defense. In addition, many important data of the Super Golden Week have not yet been released. Before the release of this week's data, the direction of gold prices is still uncertain. Try to be patient enough. The focus of the Super Data Week is as follows: (Wednesday) US July ADP employment US June existing home sales index monthly rate Federal Reserve interest rate decision (Thursday) Bank of England interest rate decision US weekly initial jobless claims US July ISM manufacturing PMI Fed Chairman Powell press conference (Friday) US July unemployment rate US July quarterly NFP
OANDA:XAUUSDShort
by TX-7
13
Gold forms a falling pattern as risk aversion fadesThere is not much to say today. What should be said has been explained in yesterday's post. My current strategy remains unchanged. I still maintain a bearish view and will continue to hold short positions. Yesterday I said that it is obvious from the 4-hour chart that gold has formed a head and shoulders top pattern and a plunge is about to begin. As the risk aversion caused by Israel and Lebanon subsides, the factors supporting the rebound of gold are gone, and the only way to go is a decline. Upper resistance: 2390, 2400, 2410 Lower support: 2370, 2350, 2320 Now we need to focus on the ADP employment data and the Fed's interest rate decision to be released tomorrow.
OANDA:XAUUSDShort
by TX-7
1
XAUUSD: Rebound is not a reversal, ready for a sharp drop7.29 Gold Sharing and Trading Strategy Last Friday, gold rebounded due to PEC data, and the escalation of the conflict between Israel and Lebanon led to an increase in risk aversion, and the price of gold once rushed to $2,400. However, political risks obviously overshadowed the subsequent Fed interest rate decision. The data reflected by PCE showed that inflation remained strong. Although it was close to the central bank's target level of 2%, the market still hoped that the easing cycle would start in September. From the 4-hour chart, it can be clearly seen that the current gold is a head and shoulders top pattern. The shoulder position has now been completed, and it is very likely to usher in a plunge here. From the figure, we can see that referring to the previous trend, the support below will be at 2350, 2320, and 2300, so we can use the previous pressure levels of 2385, 2400, and 2410 to sell
OANDA:XAUUSDShort
by TX-7
XAUUSD: Influenced by data and news, it is bullish todayOANDA:XAUUSD TVC:GOLD COMEX_MINI:MGC1! COMEX:GC1! Gold fell back to the 2400 integer mark yesterday, and rebounded under the impetus of two favorable data, and the Indian government announced plans to reduce the import tariff on gold and silver from 15% to 6%. India's increased demand for gold may push up global gold prices, as India is the world's second largest gold consumer. Therefore, gold has finally ended the trend of falling for four consecutive trading days. Affected by the above news and data, gold is likely to continue to move upward in the short term. This week, the focus still needs to be on the US second quarter GDP data released on Thursday, and the latest personal consumption expenditure (PCE) price index to be released on Friday, because this is the Fed's preferred inflation indicator. Only after these two data are released will the market really move in a new direction. From the gold price hourly chart The resistance range is: 2425-2430 The support range is: 2385-2390 Trading strategy: first bullish, then adjust according to real-time dynamics
OANDA:XAUUSDLong
by TX-7
XAUUSD: If the rebound is blocked, you can sell boldlyAs expected, gold is now adjusting after a sharp drop last week. Yesterday, under the influence of Biden's withdrawal from the election, the price of gold fell to 2384, but then rebounded to around the 2400 integer mark, and did not form a unilateral market. From the overall trend, the low point is constantly moving down, so we can continue to be bearish in the general direction. The main short-term strategy is to sell at high levels. At present, the price of gold is rebounding, but it will not last too long. The pressure near 2412 and 2420 above is difficult to break through. If it cannot break through, it will only rebound, not reverse. If it is not a reversal, you can boldly sell at high levels
OANDA:XAUUSDShort
by TX-7
Gold needs to be adjusted. Buy first, then sell.TVC:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! Yesterday, the U.S. dollar index recorded its largest daily gain since June 20, as the July Philadelphia Fed manufacturing index was significantly higher than expected, showing signs of a strong U.S. economy. At the same time, market expectations for a ceasefire agreement in the Middle East have increased, which has slightly suppressed demand for gold. Affected by this, the price of gold fell below the rising trend line and is now near the previous support line of 2420. In the big direction, the price of gold has turned from a bullish trend to a bearish trend. This state will not change before new news or data affects it, so trading is mainly based on selling high. From a technical perspective, the unilateral decline is particularly strong, but it cannot be sustained. Now the price has just stopped falling at 2420. I think it needs to rebound upward and adjust before continuing to fall. Summary: There is a need for rebound adjustment after a big drop, and the strategy is to rise first and then fall.
OANDA:XAUUSDShort
by TX-7
4
XAUUSD: Buy on dip, target previous high and 2500From the 1H chart of gold, the current price is still above the trend line. Yesterday's bottoming action did not break the trend line, but stepped back to the support of the previous high of 2450 and then rose again. My view remains unchanged. If the trend line is not broken, we will continue to be bullish. As long as it falls back, we can buy at the position. It should be noted that the historical high of 2482 has not been broken twice, and there is indeed some selling pressure. Therefore, we can be conservative and set the target at 2480. If the gold price still cannot break through the historical high next, we can change the strategy and sell near 2482.
OANDA:XAUUSDShort
by TX-7
1
XAUUSD: Pullbacks in an uptrend are buying opportunitiesTVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD Our bullish signal at 2365 has reached the entry price, and we continue to maintain the bullish trend. From the gold 1H chart, we can see that the current moving average continues to show a golden cross bullish upward momentum, and the price does not break the 2365 support level. As long as the next trend does not fall below the upward trend line, it will be a buying opportunity. The target continues to look at 2482 and 2500 points. Now the main thing about doing gold trading is to judge the overall direction. If the direction is wrong, all efforts will be in vain. If the direction is right, you will make money no matter how you trade. The current gold rise is unstoppable, just go with the trend.
OANDA:XAUUSDLong
by TX-7
XAUUSD: New highs continue to be refreshed, buy on pullbacksAs I said yesterday, gold will continue to rise if it does not fall below the rising trend line, and there will be a callback demand in the short term. The gold price fell from 2442 to 2430 and began to break through strongly, reaching a new historical high of 2482. Judging from the current market trend, my view remains unchanged. The rising trend line will continue to rise if it is not broken. Today we will wait for the callback to 2465 to buy, with the target of the previous high of 2482 and 2500 integer marks.
OANDA:XAUUSDLong
by TX-7
GOLD ( CREATED A NEW HISTORICAL PEAK ) ( STRONG RISING ) ( 4H ) XAUUSD HELLO TRADERS Tendency , the price is under strong bullish pressure ,after breakout 2,440$ TURNING LEVEL : the price of turning level between 2,475$ and 2,468$ , indicates the price breaking 2,475$ reach a new resistance level or created a new historical peaks , but if breaking 2,468$ reach a support level . RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 2,491$ , and 2,510$ , for reach this level after breaking 2,475$ . SUPPORT LEVEL : support level at 2,440$ in previously this level is a resistance level but after breaking know worked a strong support level , for reach this level after breaking 2,468$ . PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 2,475$ rising or reach a new resistance level at 2,491$ , then reach a 2,510$ , after breaking 2,468$ reach a support level at 2,440$ it is a strong support level , breaking this level the price started a downward . TARGET LEVEL RESISTANCE LEVEL : 2,491$ , 2,510$ . SUPPORT LEVEL ; 2,440$ , 2,425$ .
OANDA:XAUUSD
by ArinaKarayi
75: Record Gold Prices What’s Driving the Surge and What’s Next?The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the decreased opportunity cost of holding non-yielding assets. Additionally, ongoing geopolitical uncertainties and economic instability are further supporting the demand for gold. Central banks around the world, including China, have been significantly increasing their gold reserves, contributing to the rising prices. This accumulation of gold by central banks indicates confidence in gold's enduring value, which in turn encourages other investors to follow suit. As the Federal Reserve aims to stimulate the economy through lower interest rates, the weakening U.S. dollar makes gold more attractive to foreign investors, further pushing its price upwards. New high reached $2482.35 - what are the expectations? Bullish Scenario: At the moment, a new high has been reached with substantial buying pressure. The buying pressure is evident with the almost straight line up. Given this scenario, the risk of shorting is high. However, when new highs are reached, it's prudent to hedge long positions. You might consider shorting on a lower time frame, targeting $2420.61. The support level around $2420.61 is clearly identifiable. We could see a retest of this level, presenting an opportunity to initiate new long positions. There is also a possibility that prices will continue to rise. If buying pressure continues, we could see new highs beyond $2482.35, pushing the gold price even further. Bearish Scenario: If we lose the support level at $2420.61, it becomes apparent that we should look for short positions and new local lows. In this case, the decline could indicate a reversal in the current bullish trend. The break below this support could lead to a further drop in prices, potentially targeting lower support levels. Traders should watch for signs of weakening momentum and be prepared to shift strategies if the market sentiment turns bearish.
TVC:GOLD
by SeventyFive-Invest
1
Gold has a callback demand, the current price is SellAt present, gold is still rising from a big trend. If it cannot fall below the rising trend line, the gold price will continue its current upward momentum. However, after yesterday and today's strong rise, gold has a short-term correction demand. Only a fall can have better room for growth. It should be understood that today it has risen by $20 from the bottom again. The gold price has deviated too far from the moving average, and the price has also come to yesterday's high point. There is obviously resistance here. Therefore, you can choose to sell at a high level near 2440 first, and wait for the price to return to the trend line again, and then look for opportunities to buy, but there is an uncertain factor, that is, the US June retail sales monthly rate later needs to be closely watched.
OANDA:XAUUSDShort
by TX-7
XAUUSD: high 2420Sell, target 2402The overall performance last week was good and the winning streak was maintained. I hope it can be continued this week. Gold's opening performance today was average, and the upward trend was not as strong as last week. The short-term pressure of 2420 has been unable to break through many times. This is likely to be a signal of peaking. At the same time, the high head and shoulders structure can be clearly seen on the daily chart. This is a downtrend pattern. Judging from (1H), it is currently in a high-level and wide-ranging state of shock, and now it has once again reached the pressure area of 2420, and is stagflation here again. Since it cannot break through, it will fall again. Therefore, I think we can sell near 2420, with the target set at the previous lows of 2402 and 2395.
OANDA:XAUUSDShort
by TX-7
XAUUSD: Under a strong rise, a pullback is a buying opportunityYesterday, I felt that CPI would fluctuate greatly, so I did not participate. In fact, it was true. It was sideways before the data, and rose directly from 2378 to 2425 after the data was released. The fluctuation range was very large. With the significant positive CPI data yesterday, the gold price broke through the 2400-point integer mark in one fell swoop. From the daily chart, the bulls continued to have a strong upward momentum, so our trading strategy today can continue to be bullish. From the previous high point of gold prices, the main pressure area is above 2430, so there is still room for gold to rise. Now the gold pullback is a buying opportunity, and the lower support is in the range of 2390-2397. You can grasp the buying opportunity by yourself, and I wish you all good luck
OANDA:XAUUSDLong
by TX-7
XAUUSD: W bottom has formed, bullish todayYesterday we successfully touched the TP of 2352 at 2365Sell. From the previous trend, it is not difficult to see that the support of 2352 is still very strong. It has been unable to be broken through 4 times, and this rebound has directly broken through 2365-2370. resistance, the market is turning again, and we must respond flexibly to follow the changes in the market. From a technical point of view, the current gold price has formed a W-shaped double bottom structure at the 2352 line. This rise is very likely to reach the previous high position of 2393 again. Therefore, today's trading strategy is mainly bullish. Here I give two bullish buying strategies: The first radical point is to buy near 2370 The second conservative point is to buy near 2365
OANDA:XAUUSDLong
by TX-7
XAUUSD:2365 select Sell. Target 2352-2340From the overall trend of gold prices in recent times, it is a trend of rising first and then falling back. The daily line forms a downward signal of dark cloud covering the top, and the short-term bullish trend has come to an end. At the same time, it rebounded after falling to the second support level of 2352 yesterday, and now it is around 2365. After breaking through yesterday, the 2365 line has turned from support to resistance. Therefore, we need to adjust our strategy and flexibly respond to the next gold price changes. In summary, today we have to make some trading strategies around the 2365-2352 range. At present, the gold price is around 2365. We can choose to sell here, with a target of 2352. If it falls below this support, we can see the target as 2340. If there is enough support at 2352, we can choose to close the profit and look for opportunities to buy here.
OANDA:XAUUSDShort
by TX-7
XAUUSD ( BREAKOUT RESISTANCE TRENDLINE ) ( 4H )XAUUSD HELLO TRADERS Tendency active bullish after the price breakout the resistance trendline TURNING LEVEL : a blue line between resistance and support level around 2,342$, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 2,378$ , indicates selling have already increase this level , so if the price stable turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 2,317$ , indicates buying have already increase this level , so if the price breaking turning level reach this level PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 2,342$ , after rising to the resistance level around 2,378 , then stable above this level reach 2,396$ , if the price breaking turning level reach a support level at 2,317$ , then stable by open 4h candle below this level reach a 2,302$ TARGET LEVEL : RESISTANCE LEVEL : 2,378$ , 2,396$ SUPPORT LEVEL : 2,317$ , 2,302$
OANDA:XAUUSDLong
by ArinaKarayi
GOLD ( UNDER EFFECT NEWS ) ( 4H ) XAUUSD HELLO TRADERS Tendency the price breakout resistance trendline , indicates the price is under bullish at 2,337 $ RESISTANCE LEVEL: there is a blue line around 2,365$ , indicates selling have already increase this level . SUPPORT LEVEL : there is a red line around 2,337$ , indicates buying have already increase this level . PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price retest a support level at 2,337$ , after rising to resistance level at 2,365$ , then stabilizing this level reach 2,386$ . if the price breaking support level by open 4h candle below 2,337 $ easily to reach 2,320 $ . TARGET LEVEL : RESISTANCE LEVEL : 2,365$ , 2,386 $ SUPPORT LEVEL : 2,337$ , 2,320 $
OANDA:XAUUSDLong
by ArinaKarayi
XAUUSD ( UPWARD ) ( 4H )XAUUSD HELLO TRADESRS Tendency the price will trying to touch turning level before long , indicates a price is under bullish pressure . TURNING LEVEL : a gold rectangular between resistance and support level , a round 2,317$ , which indicates two cases , the first cases until the price breaking this level reach a support level , the second case the price trade above this level reach resistance level . RESISTANCE LEVEL : a green rectangular , an area above the turning level around 2,345 $ , indicates selling have already increase at this level . SUPPORT LEVEL : a red rectangular , an area below turning level around 2,300 $ , indicates buying have already increase at this level . PRICE MOVEMENT : the price is under bullish pressure until trade above turning level at 2,317 $ , it will attempt to reach resistance level at 2,330 $ , then trade above this level reach next target at 2,345 $ , if the breaking turning level reach to support level 2,300 $, then stable below this level reach next target 2,278 $ . TARGET LEVEL : RESISTANCE LEVEL : 2,330 $ , 2,345 $ SUPPORT LEVEL : 2,300 $ , 2,278 $
OANDA:XAUUSDLong
by ArinaKarayi