xauusd. Trading strategy for this week

15 juil.

The international gold price continued to rise sharply from $2,349/ounce to $2,424/ounce, then fell slightly to $2,391/ounce, and then rebounded to close at $2,411/ounce at the beginning of the week.

The sharp rise in the international gold price to $2,424/ounce this week was because the US Consumer Price Index (CPI) report in June showed that inflationary pressures had cooled, and the overall inflation rate fell to 3% compared with the same period last year.

The remarks of Federal Reserve officials also further strengthened the market's positive psychology, especially Federal Reserve Chairman Powell confirmed to the US Congress at a recent hearing that the risks of the US economy are controllable.

According to the CME Fedwatch survey, more than 90% of Federal Reserve officials will cut interest rates in September, which may continue to provide positive support for gold prices next week.

In the long run, central banks of various countries continue to buy gold; the process of de-dollarization continues to increase (the BRICS group has almost excluded the US dollar from internal transactions; the petrodollar agreement has expired, but Saudi Arabia and the United States have not renewed it, creating conditions for the petrodollar to rise); the World Gold Council (WGC) warned that gold mining is becoming more difficult... It will continue to push up the price of gold. Many predict that the long-term gold price will reach $3,000/ounce or even higher, which is commensurate with the Fibonacci milestone expansion of Chart Weekly.

In the short term, pay attention to the old pass of 2450 immediately. If the gold price breaks through this pass, it is only a matter of time to overcome the threshold of 2500-3000.

On the 4-hour technical chart, after the gold price broke through the trend line, the trend tested the price very well and continued to maintain the upward trend. Next week, the gold price is expected to find adjustments near the 2450 resistance area. If the 2450 pass is broken, pay attention to the 2480 pass next week.
Gold trading signals:
XAUUSD SELL:
2429-2432 tp2426-2422-2418
Rising second intermittent scalping signal
sell 2341-2343 tp 2336-2332
Resistance area sell signal:
2347-2351 tp2344-2336-2326 sl2356

XAUUSD buy:
2402-2405/2392-2395 suitable for scalping
XAUUSD buy:
2381-2384 sl2374 tp2388-2396-2405-2417-2450
The above is the analysis of gold. If you like my analysis, please give me a thumbs up and join me. I will actively update my analysis to make trading easier.

15 juil.

Transaction en cours

05-12 +70pips

15 juil.

Transaction en cours

Buy2402-2405. This signal has been profitable twice.