Goldtrade
Profited $12K, short gold after reboundToday we have made very good profits in both long and short gold transactions. First of all, we shorted gold today near the 2446 position. Gold successfully hit TP: 2430 during the short-term decline; after gold hit the 2407 position, it stopped falling and rebounded. We then went long gold near the 2410 position, and we manually closed the position above 2420 to make another profit. In today's transaction, I made a total profit of more than FWB:12K , which is considered a good trading result!
So is gold expected to continue to hit 2450 or even higher? In fact, as far as the short-term market is concerned, gold has continued to fall, and the signs of short-term peaking are relatively obvious. It is unlikely that it will hit a new high again in the short term.Gold has fallen from its highs and a large number of profit-making orders have been realized. Gold may even fall further. Next, we will first focus on the 2405-2400 support area. If gold falls below this area, gold will truly establish a top trend and continue its decline.
Therefore, in terms of subsequent transactions, if the market does not stabilize, do not go long gold easily. We will mainly focus on shorting gold at high levels, focusing on the 2430-2435 area at the top; focusing on the gains and losses at the 2400 position below. Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trading requires courage, short gold firstGold has been rising all the way to new highs. After gold hit a high near 2450, it encountered resistance and fell back. The strength of the rise has weakened. In the short-term trend, the top shock has obviously narrowed. In the short-term, it may re-choose its direction. Moreover, the technical level deviates from the technical indicators, and gold has a need for a correction. I don’t think it makes much sense to continue chasing gold at high levels now. Even if we want to be long gold, we have to wait for gold to pull back and stabilize.
Therefore, in terms of trading, do not easily chase gold at high levels. Gold continues to rise, and the energy of bulls needs to be released. So now it is either a quick adjustment to release, or a long period of sideways trading, exchanging time for space to release. So in terms of short-term trading, I prefer to short gold, and I have already done so.
Trading requires courage and even more decisiveness. Execution is the only criterion for profitability. Regret is meaningless.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Is there still a chance for short sellers to make a profit?Judging from the recent trend of gold, there is no doubt that the buying power is stronger, so overall gold maintains a bullish pattern.However, in the short-term structure, gold also falls sharply during its rise, which brings considerable difficulties to our transactions.I believe that in the past two days in gold trading, many people should have lost money because of hitting SL. The characteristics of the current gold market are very obvious. The bulls will not stop, but the shorts will not die. During the rise, gold will also suddenly fall in the short-term structure, leaving us unprepared.
Gold currently reaches its highest level near 2388, which is only one step away from 2400. According to the current structure of gold, it seems that it is certain to hit the 2400 level. So do gold shorts still have a chance? I think gold shorts should still have a chance. Gold is currently trading near the 2388 position, and the rise has slowed down. It faces resistance in the 2390-2395 area in the short term; and gold has been too hasty in the short-term rise, so I have reason to believe that,gold still needs a correction after hitting the resistance in the 2390-2395 area. Only after it is confirmed that it has stepped back on the support can it be more conducive for gold to rise and hit the 2400 target.
Moreover, gold has gone through a violent ups and downs and has completely wiped out all short positions. When gold is generally extremely bullish, gold shorts may also counterattack in the short-term structure, and the market will harvest more funds. Therefore, it is not that there are no opportunities for gold shorts, so I will still continue to short gold near the 2389-2390 position, waiting for gold to step back in the short-term structure, and first focus on the 2375-2370 area support below.
Xauusd buy Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2336
Target 2366
Shorting gold, PPI data will be an opportunity!After gold's short-term rebound to 2348 today, the rise has stalled again. So does gold still have the potential and willingness to go up? In fact, judging from the current market, I personally prefer to be bearish on gold. And I have also shorted gold above the 2346 position.
As far as the recent structure of gold is concerned, although gold has recently hit a maximum of around 2378 during the rebound, it seems to have the potential to hit 2400 again. However, the strength and amplitude of the rebound during this period were too fast, and there is no solid bullish foundation below.It's more like the market is deliberately pulling up, making the market more confusing. In addition, in the short-term structure, although gold touched the 2336 position many times and rebounded, it did not break through yesterday's high. The resistance in the 2350-2355 area showed strong resistance and built a double-top structure in the ultra-short-term structure. The short-term trend is still bearish.So in terms of trading, I'm still biased towards shorting gold. PPI data will be released later, which may be an opportunity to fall below the 2335-2330 area in the short-term structure.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Don’t be afraid, the pullback is an opportunity to go long gold Gold fell back to around 2365 today, then fluctuated and fell, and currently fell to its lowest level near 2339 and rebounded again. Gold did not fall below the 2335 position during the adjustment process, so gold as a whole still maintains a bullish pattern, and the upward trend has not changed. Therefore, gold will rise again after a short-term pullback.
Judging from the current structure of gold, although gold rose to around 2378 on Friday with the help of news stimulation, it still faces multiple resistances above, so it will take some time for gold to try to hit the 2400 position again. Therefore, there is a demand for gold to pull back to confirm support in the short term. During the correction, gold did not fall below the important short-term support area of 2335, and the bullish pattern of gold was not destroyed, so gold still has room to rise. Therefore, overall, the room for gold's correction is limited, and it is expected that after gold falls slightly, it will still be dominated by a rebound and upward tone.
Then we first focus on the support of the 2338-2236 area below; as long as gold does not fall below this area, a gold correction is an opportunity to go long gold. The top will first focus on the resistance in the 2355-2360 area, which is also the first target area for long gold, and then focus on the 2370-2375 area. Therefore, in the next trading rhythm, we will mainly focus on long gold after the pullback.
Pay attention to gold’s pullback first, then track gold’s riseBecause the number of people filing for unemployment benefits in the United States increased more than expected that week, it strengthened the market's bets that the Federal Reserve will cut interest rates this year; in addition, the failure of ceasefire negotiations in the Middle East increased the market's concerns about the situation in the Middle East, and risk aversion once again supported the rise of gold. . Gold broke through multiple important resistance areas during its rise and once again formed a unilateral rise in the short-term pattern. The news dominates the rising market and does not give any chance for technical adjustments. Gold currently reaches a maximum of around 2378.
Because the market's bullish sentiment has been ignited, it may be difficult for gold to have a relatively large correction space in the short term, so gold will continue to be bullish in the short term. However, during the rapid rise of gold, there was not much retracement action, and the underlying foundation is not strong. Gold is also likely to retrace its steps to confirm support when encountering resistance, and then rise after a short-term correction to confirm support.
So in the next transaction, we must first focus on the 2380-2385 area resistance, followed by the 2390-2395 area resistance. If gold touches this area, we can first try to short gold, and then go long gold after the gold's fall is confirmed. Below, we first focus on the 2350-2345 area support.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Short gold first, then long gold after the pullbackRecently, I have been emphasizing that gold bulls still have room to support the rise of gold. Today, under the influence of the positive initial unemployment claims data, gold rose sharply in the short term and broke through multiple important resistance areas, reaching a maximum of around 2339.
According to the current structure, gold faces short-term resistance of 2338-2340, which is why gold does not break through the 2340 position in one fell swoop. Will gold still rise? Gold bulls are back in control and I think gold will continue to rise and at least try to hit the 2345-2350 area. However, before gold continues its rise, I think there may still be demand for gold to fall back in the short term.
Because gold has risen sharply in the short term, the increase has been too large, and there is no solid support during the period. Therefore, in order for gold to rise better, it is necessary to step back in the short term. Therefore, there is a demand for gold to pull back in the short term, so in the short-term trading rhythm, we can first try to short gold, and after gold falls back, we can then backhand and go long gold!
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Buy gold, it is expected to continue rising to the 2325-2335 areGold rebounded again after touching 2304 during its decline today. Gold still held the 2300 mark. Judging from the recent trend, gold has experienced twists and turns during its decline, and it is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as possible. They are all gathering buying points, so gold is not always smooth sailing during its decline.
Gold is currently trading near the 2316 position. According to the current short-term structure, gold stopped falling near the 2304 position and rebounded. During the rebound, a long lower shadow line appeared near the 2313 position, pushing the gold price to near the 2319 position again. Obviously, as gold continues to consolidate its bottom during the rebound, there is still room for gold to continue to rebound. Although the current upward momentum of gold has stalled near the 2316 position, gold has built multiple bottom structures in the 2313-2315 area in the short term. Therefore, gold has every reason to continue its rise after oscillating in the 2313-2315 area.
So in short-term trading, I currently prefer to go long gold. At the bottom, we first focus on the regional support at 2310, then at the 2305 regional support, and at the top, we first focus on the regional resistance at 2325-2330.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Are you worried about your gold long position?Gold fell back from around 2330 today and is currently oscillating within a narrow range around the 2312-2315 area. In fact, it is still quite difficult to trade gold today. It is relatively ideal to participate in shorting gold near the 2330 position, but we cannot aggressively chase short gold during the decline. Therefore, if we did not short gold near the 2330 position, then we could only wait and see.After all, gold still has the potential to attack the 2335 area.
Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short.
After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today.
In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Gold is bullish to the 2335-2345 area before falling backToday we made a good profit in gold long and short transactions, which gave us a good start for this week's trading. First, we shorted gold near the 2323 position in the morning. When gold fell back and touched the 2316 position many times, it stopped falling, so I closed the position near the 2317-2316 position in time to lock in profits in time;Then we went long gold near the 2315 position and set TP: 2328. Gold successfully hit TP during the rebound to above 2330; just now gold hit TP: 2320 again during the fall, and the total profit in today's transaction was: $23K. And continue the good results of 18 consecutive wins!
During today's rebound, gold strongly broke through the 2310-2315 resistance area and broke through the high point since May. Gold has turned from weak to strong in the short-term; it has successfully built a triple bottom structure in the short-term structure and established effective support below. The short-term upward momentum is intact, and gold still has the potential to continue to rise. However, as the weekly candle chart weakened last week, we must also be careful of the market falling back after rising high. The main pressure above is focused on the 2335-2345 area.
Therefore, we are still very flexible in the next transaction. First, we can use the support below to go long gold; after waiting for gold to rise, we can use the resistance area to short gold. In this way, we can strive for maximum profits in long and short transactions.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold has successfully built a bottom, start long goldToday officially starts a new week of trading journey. Today, gold rebounded again after testing near 2391, reaching a maximum near 2324. During the rebound, gold strongly broke through the 2310-2315 resistance area, and more importantly, it broke through the 2320 position, the NFP market high last Friday, and the short-term trend of gold turned from weak to strong.
In addition, gold has built a triple bottom structure in the short-term structure, and the support below is solid. There should be room for gold to continue to rise in the short-term. Therefore, we shorted gold near the 2323 position in the morning, and I have manually closed the position near the 2317 position to lock in profits in time. And it is recommended to look for opportunities to do long gold.
Therefore, in trading, we can rely on the 2315-2310 area as support and wait for opportunities to do long gold. The upper resistance is in the 2330-2335 area.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Profited $69K this week, continue to short goldToday is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of SWB:69K in this week's trading. I am very satisfied with this trading result! I hope we can still shine in next week’s market!
So what do you think of the gold market next week? The market is currently in a relatively obvious downward trend, with 2431 as the apex and 2418 as the sub-high. Since the retracement, the decline of gold has been significantly greater than the rebound. The negative candlesticks are obviously more than the positive candlesticks, and there are moves to reach new lows. In the short term, even if gold rebounds partially during the decline, it will fall back immediately after the rebound. The bulls have no counterattack. In the short term, the gold market is still controlled by the bears.
Therefore, we will still focus on shorting gold in the next transactions, and the rebound of gold will give us the opportunity to short gold. In the short term, we will mainly focus on the resistance in the 2305-2310 area and the 2315-2320 area. The following will first focus on the support of the 2385-2380 area and the 2375-2370 area below.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
GOLD (XAUUSD): Support & Resistance Levels For Next Week
Here is my latest structure analysis and important key levels
to trade on Gold next week.
Resistance 1: 2354 - 2360 area
Resistance 2: 2392 - 2432 area
Support 1: 2215 -2264 area
Support 2: 2194 - 2222 area
Support 3: 2146 - 2165 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
NFP! Short gold!The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article.
In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging from the recent trend, gold has determined that 2430 is the top. The short-term bullish structure has been partially digested during today's narrow range; on the other hand, U.S. inflation remains high. Although the Federal Reserve has not decided to raise interest rates, the market's expectations for an interest rate cut by the Federal Reserve are also decreasing.It also suppressed gold to a certain extent. So even if gold rebounds to a certain extent, I think gold's rebound space is limited.
Then we can boldly short gold in the NFP market. According to the current gold trend, I predict that gold will not exceed 2325 in the local rebound, so we mainly focus on the 2305-2310 area and the 2320-2325 area.If gold rebounds into this area, we could consider shorting gold. Once NFP is negative for gold, gold is likely to continue its correction to 2270, or even near 2260.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Profited $14K, NFP is expected to rise and then fall backThis morning, I shorted gold near 2326.31, and as gold fell back to hit TP: 2315, I profited and left the market; I added positions and went long gold near 2296 and 2286, and as gold bottomed out, it hit TP again: 2300 profit and exit. The total profit exceeded GETTEX:14K , which was another good profit for several days in a row!
Tomorrow will usher in a golden highlight moment, because NFP will be released tomorrow, which will definitely intensify short-term fluctuations and even guide the short-term direction of gold. It is a challenge but also an opportunity. In my opinion, gold is likely to rise first and then fall under the influence of NFP market!
Judging from the recent economic data in the United States, the U.S. economy is strong, which limits gold’s upside to a certain extent. Moreover, high inflation has not yet been completely resolved, so the market’s expectations for the Federal Reserve to cut interest rates are decreasing, which is also negative for gold to a certain extent. In addition, gold has also confirmed the validity of the 2430 top at the technical level, so the overall short trend of gold has been established.At least gold has demand to extend its decline. So why does gold rise before falling?
Because gold has been weak recently and shorts have gradually gained the upper hand, the market is likely to need to use NFP data to kill a batch of short positions first and harvest some funds;In addition, gold has fallen ahead of schedule in the past two days, touching the 2285-2280 area many times, which is likely to reserve room for growth in the NFP market in advance. In the short-term structure, gold's technical bottom-out rebound creates a double-bottom structure in the short-term structure, which is helpful for gold's short-term rise. Therefore, in the NFP market, gold is very likely to rise and fall, and continue its decline.
Judging from the current trend, if gold rebounds first, we will first focus on the 2325-2330 area and the 2350-2355 area above. If gold rebounds first with the help of NFP data, I predict that gold is likely to touch the 2325-2330 area during the rebound, and may even try to touch the 2350-2355 area, and then fall back or even continue to fall to the 2270-2260 area. Therefore, in this process, there is a good opportunity to participate in gold trading, and the profit is definitely not small. I will definitely not miss this good opportunity once a month.After all, there are always markets, but opportunities are hard to come by!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
The weak decline will not continue, Buy goldRecently, gold has been looking different every day. Yesterday, gold maintained an upward trend, but today it hit around 2328 and then fell back. The current lowest level has hit around 2295. The lack of continuation of gold's long and short positions has brought us a certain degree of difficulty in trading. Gold is currently trading near the 2298 position.
Although gold continues to fluctuate and fall today, I think gold will not undergo a deep correction today.Because before the release of NFP data, the trend of gold was relatively cautious, making it difficult to form a unilateral market in the short term.And as long as gold holds the 2295-2290 area, gold bulls will still have enough energy to support gold's rebound, so we should not be overly bearish on gold.
In addition, if gold really replicates the trend after April 23 as expected, then after gold ends the first stage of rebound, there will still be a second stage of rebound. Therefore, in the short term, I think there is a high probability of gold rebounding again in the short term. Therefore, in trading, we can consider looking for suitable opportunities in advance to go long gold before gold rebounds; after gold rebounds, we can then consider shorting gold, and the target of long gold is towards the 2310-2315 area.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold rebounded as expected and made a profit of $17KGold rebounded as expected. I believe that many people were chasing short gold yesterday and today. However, after gold fell sharply, I have reminded everyone not to be overly bearish on gold. Gold may have a short-term rebound and repair.And it is very likely to copy the trend after April 23. We first went long gold in gold trading today. After gold rebounded as expected and touched above 2310, we looked for opportunities to participate in short-term short gold. In both long and short transactions, the transaction ended by hitting TP, with a total profit of $17K.
At present, gold has rebounded as expected and touched above 2310. However, gold is not particularly strong during the rebound, so it is difficult for gold to form a unilateral trend in a short period of time. It even needs to continue its energy in the form of shocks like the previous period. So even if we see gold rebound and rise, we cannot be overly bullish on gold. I think gold is most likely to replicate the trend of April 23, so for the short term, we can see that the short-term top position is in the 2325-2330 area, and it may not even touch this area.
Therefore, during the rebound of gold, we cannot be overly bullish on gold. Moreover, before the interest rate decision and non-agricultural data are released, it will be difficult for gold to do much, and it may even need news guidance to break the current volatile trend. Therefore, before breaking through the volatile trend, for the current short-term, both long and short sides have the potential to make profits.
The top will first focus on the 2310-2315 area, followed by the 2325-2330 area. We can wait for opportunities to short gold around these two areas; and as gold rebounds, the bottom will first focus on the 2295-2290 area, followed by the 2285-2280 area. Similarly, we can look for opportunities to do long gold around these two areas. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold stands at 2900 as expected, go long gold!Gold fell sharply to around 2281, then fluctuated sideways, broke upward and stood above 2900. Although this decline in gold exceeded my expectations, it still stopped its decline in the 2280 area. Then gold is still likely to use the 2280 area as support and replicate the trend after April 23, and may build a new upward channel in the short term.
At present, we are mainly observing two positions, one is 2290. If gold effectively stands above 2290, then gold will turn from weak to strong in the short term, and may even continue to rebound to around 2300;In addition, we need to pay attention to 2280 below. If gold falls below 2280, gold may continue its weak correction and even continue to test the 2270-2260 area downwards to find support.
Currently, I still hold a long position near the 2386 position. Now that gold is trading above 2290, we still have a certain profit. We will continue to hold it first, with a tentative target of around 2300. In addition, the Federal Reserve's interest rate decision is coming soon, which will bring us better trading opportunities and better profits waiting for us. Let us look forward to today's gold market!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Falling below 2300, start going long goldGold fell to 2300 as expected and continued its correction to reach a minimum near 2293. Gold shorts have an absolute advantage. We followed the trend and shorted gold today near the 2323 position. Obviously, our short position was eliminated by hitting TP and making a profit. Congratulations on once again achieving good trading results!
Gold is currently trading near the 2296 position, and gold once again hit the 2293 position to stop falling and rebound. I believe that after gold fell, many people are trying their best to short gold, and it is not even ruled out that many people are chasing short gold below 2300. In fact, in my opinion, I personally do not recommend continuing to chase short gold. On the contrary, we should consider gradually going long gold below 2300.
Although gold is extremely weak after its sharp decline, it may even fall further. However, gold did not break through the 2290 area support. This situation is consistent with the situation on April 23. Therefore, gold may once again replicate the trend of April 23, start to stop falling and rebound using the 2290 area as support, and may build a new upward channel in the short term (the trend is as shown in the figure).
Therefore, in short-term trading, I will gradually go long gold below 2300 in batches.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !