Gold began to rebound and rise after falling back to 2310, which is consistent with my prediction of the 2308-2314 range. The price is currently in a rebound and rising stage and is expected to rise to the 2325-2328 range.
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SIGNALS
📊 BUY XAUUSD
Entry: 2316.000
Stop Loss: 2314.500
TP 1: 2319.00
TP 2: 2321.00
TP 3: 2325.00
Let's Ride 🔥
⚠️ Apply proper risk management.
📊 BUY XAUUSD
Entry: 2316.000
Stop Loss: 2314.500
TP 1: 2319.00
TP 2: 2321.00
TP 3: 2325.00
Let's Ride 🔥
⚠️ Apply proper risk management.
Although gold has rebounded fiercely, it is still in a downward trend. The current focus is on the 2323 resistance level. If the price breaks through 2323 upwards, the downward trend may be reversed. Pay attention to the 2300 resistance level below. If the price falls below 2300, the downward trend will continue.
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At present, the price still cannot break through the downward trend line, and you can sell near the trend line.
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Announcement We are starting our MAY CLASS free on Discord.
May Class Topics:
Market Structure (Part 1)
Market Structure (Part 2)
The Psychology of Taking Risk in Forex
Determining Optimal Risk Levels (Psychology)
Gold Trading Strategy for XAUUSD
Advanced Gold Trading Strategy for XAUUSD (Vol. 2)
Advanced Gold Trading Strategy for XAUUSD (Vol. 3)
Q&A Session (Let's Get to Work!)
May Class Topics:
Market Structure (Part 1)
Market Structure (Part 2)
The Psychology of Taking Risk in Forex
Determining Optimal Risk Levels (Psychology)
Gold Trading Strategy for XAUUSD
Advanced Gold Trading Strategy for XAUUSD (Vol. 2)
Advanced Gold Trading Strategy for XAUUSD (Vol. 3)
Q&A Session (Let's Get to Work!)
SIGNALS
📊 SELL XAUUSD
Entry: 2312.000
Stop Loss: 2313.500
TP 1: 2309.00
TP 2: 2307.00
TP 3: 2304.00
Let's Ride 🔥
⚠️ Apply proper risk management.
📊 SELL XAUUSD
Entry: 2312.000
Stop Loss: 2313.500
TP 1: 2309.00
TP 2: 2307.00
TP 3: 2304.00
Let's Ride 🔥
⚠️ Apply proper risk management.
In terms of news, for nearly a week, investors were waiting for more clues from the Federal Reserve to cut interest rates and progress in ceasefire negotiations with Gaza, and gold remained range-bound. There is currently no more news on interest rate cuts, and ceasefire negotiations in Gaza have broken down. Representatives of Hamas and Israel have left Cairo. Hamas said that Israel used negotiations as a cover to attack Rafah in order to escalate its war against Gaza. Israel said that regardless of Regardless of whether there is an agreement, the army will be stationed in Rafah and continue operations in Rafah and other areas of the Gaza Strip. The Houthi armed forces in Yemen have stated that they will target ships related to any company that transports or supplies goods to Israel. Gold continued to rise as safe-haven buying supported rising tensions in the Middle East.
On the daily chart, gold rose and broke through on Thursday, ending the range-bound trend of the past week, and the rise continued on Friday, setting a new high in the past half-month, indicating a very strong trend. For current pressure above gold, you can pay attention to the gold diving high point of $2,388 on April 22, followed by the integer position of $2,400; for support below, you can pay attention to the 1-hour MA5 moving average of $2,365, which is also the upper track position of the 4-hour Bollinger Band, followed by the 4-hour MA5 The moving average is $2,355. The 5-day moving average forms a golden cross, the upper and middle rails of the Bollinger Bands move upward again, the KDJ and RSI indicators have a golden cross, and the MACD indicator DIFF line crosses upwards with a tendency to cross the DEA line, showing that gold has the advantage of many parties in the short-term technical aspect.
Gold day reference: Gaza ceasefire negotiations broke down, tensions in the Middle East escalated, and safe-haven buying drove gold higher. In terms of operation, it is recommended to mainly go long on dips. The lower support should focus on $2365 (the 1-hour MA5 moving average position, the support line after gold starts to rise on Thursday, which needs to be focused on), followed by $2355, and the upper pressure should focus on $2388, followed by 2400 US dollars. Pay attention to the impact of geopolitical risks (mainly the situation in the Middle East) on gold.
On the daily chart, gold rose and broke through on Thursday, ending the range-bound trend of the past week, and the rise continued on Friday, setting a new high in the past half-month, indicating a very strong trend. For current pressure above gold, you can pay attention to the gold diving high point of $2,388 on April 22, followed by the integer position of $2,400; for support below, you can pay attention to the 1-hour MA5 moving average of $2,365, which is also the upper track position of the 4-hour Bollinger Band, followed by the 4-hour MA5 The moving average is $2,355. The 5-day moving average forms a golden cross, the upper and middle rails of the Bollinger Bands move upward again, the KDJ and RSI indicators have a golden cross, and the MACD indicator DIFF line crosses upwards with a tendency to cross the DEA line, showing that gold has the advantage of many parties in the short-term technical aspect.
Gold day reference: Gaza ceasefire negotiations broke down, tensions in the Middle East escalated, and safe-haven buying drove gold higher. In terms of operation, it is recommended to mainly go long on dips. The lower support should focus on $2365 (the 1-hour MA5 moving average position, the support line after gold starts to rise on Thursday, which needs to be focused on), followed by $2355, and the upper pressure should focus on $2388, followed by 2400 US dollars. Pay attention to the impact of geopolitical risks (mainly the situation in the Middle East) on gold.