The released nonfarm data was bearish for gold, but the figure significantly decreased compared to the previous value, and the unemployment rate increased, which is bullish for gold. Therefore, gold surged above 1860 after the data was released, breaking the previous high and opening up more room for upward movement. Based on the current momentum, there is a...
Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise? I believe it will, and it may even reach around 1890-1900. Why do I say this? Let's analyze it from the fundamental and technical perspectives. As we have discussed in previous articles,...
Backtesting gold has found support near 1870, and has risen in the short term. Currently, it has reached a resistance level near 1890. If it can break through, there is potential for it to touch 1900. If it cannot, it may fall back below 1870 again. Based on today's trend, it is still suitable for long trades. Therefore, after the fall, it can be bought...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Good evening gold gang!! how are you?? First off i kind of forgot the day light savings in america so the market is open! and WHAT an open!! As i predicted, the market rocketed on the open due to the news of SVB collapsing .. which has weakened the dollar. This will prove to be a very interesting asia session! there eventually will be a small pullback but for...
The non-farm payroll data in January was unexpectedly weak, largely due to statistical adjustments and labor hoarding causing abnormal data. The addition of over 500,000 jobs to the non-farm sector is unsustainable, and inflation is likely to continue to trend downward in the first half of this year due to base effects. Therefore, I personally believe that the...
Good afternoon gold gang!! hope you're having a good day The forecasted sells finally came after the predicted consolidation before news. I took the sells impulsively is it broke the key level and it began to rise up to my first target. Price continued t rise as the DXY fell and smashed through my target on to my second level (marked in red) .. i have a small...
Gold has shown a double bottom near the 1809 level, suggesting a long position. Continue to go long, no need to say anything else, just enter the market directly. The downside support level is near 1802, so we will be long today with no other strategies. Get ready for a strong rally, as I am already prepared. Trading strategy: Go long on gold at 1809, stop...
The 1830 short position on gold has been closed for profit. What can we do now to maximize profits? Looking at the short-term trend, a death cross has formed on the 15-minute chart, and with continued weakness on the 15-minute chart, a death cross on the 30-minute chart is also about to form. Therefore, it makes sense to sell at this point. My personal trading...
In trading, we may have short-term profit goals, but long-term goals are built on the foundation of short-term profits. Without short-term profits, long-term goals are meaningless. Therefore, we need to balance short-term and long-term goals to achieve steady and sustained profitability. After Powell's speech, gold continued its downward trend and hit a...
The long position for buying Gold 1809 has reached around 1821, with a profit of $12. Followers can choose to continue expanding their profits based on their risk tolerance since investment always involves risk. From the trend perspective, it is within expectations to continue to rise. The first resistance level above is still at 1833, which is also the...
How to maximize profit in real-time gold trading today? The gold market in the US session has been unable to hold its ground, with clear signs of weakness in the long positions, and the market is struggling to advance. The price briefly surged near 1822 but was quickly pushed down, with three failed attempts to break the resistance level. Overall, the market is...
Currently, gold has reached the short selling position of 1819 mentioned in the previous article, so the strategy is to directly enter a short position. It is recommended to short around 1819, with a stop loss at 1826 and a target price of 1809, which is our previous long support level. Investors can choose their own profit-taking points according to their...
Welcome . Gold is negative. Especially with a strong support breakout. 1825. Which indicates the weakness of the bulls and the continued dominance of the bears. There are more declines in the coming days. During tomorrow's trading session, the bears may press down and lead to more selling and push gold futures contracts towards the next support level at 1800....
Gold has experienced a rapid decline in the short term due to market investors' concerns about Powell's speech and non-farm data, which led to an anticipated drop. However, after Powell's actual speech, gold did not rebound from the key support level of 1830 as expected by investors, but instead broke through this strong support level. This indicates that the...
Gold has support at 1830-32below, and it has basically returned to this level after the pullback. The distance between the moving averages and the K-line is relatively far, and the moving averages and the K-line have mutual attraction, indicating a likely return to the moving averages. Therefore, we can directly enter a long position at 1833 for gold. Are you...
On Monday, gold surged higher and fell back as scheduled, indicating that there was obvious pressure above, and after Friday's close to the positive line, the momentum did not continue on Monday, indicating that the long and short began to oscillate in the region, waiting for non-farm payrolls guidance.This week's focus is on the news of Federal Reserve Chairman...