XAUUSD 15 - 19 April

From now on I would type everything in English because my previous analyzes were deleted because they were in Dutch.

Nota

This was posted on 13th of April

On the weekly chart we see a very large wick and that could be a reversal sign, but it is only a reversal sign if the price closes below 2280. It is difficult to say whether it will be a reversal zone, but if the price remains above the 2280/2290 zone, gold can grow further to 2400/2450/2500.
If it closes below the 2280 zone, we can look for sells towards 2250/2240.
On the daily charts we see that gold respects the channel, we see a double bottom. We also see higher lows and higher lows often mean that it has to break. So if we see gold trading below 2335/2325/2320 levels during the first trading session next week, I will be looking for sells towards the 2300 levels. When this level is reached, we can say that gold becomes bearish and then I will look for sells towards the 2290/2280 levels as the next support zone.

On Friday, the European market reached the 2,400 mark. Fearing that Iran would soon launch an attack on Israel, risk aversion on the market increased again. Gold rose to a high of 2431.43 before falling sharply. The price fell almost $100 from the high, eventually closing down 1.16% at 2344.64.

With the current trend, the possibility of further price increases next week is possible, but I am keeping a close eye on the 2300/2280 levels and would be cautious about taking positions around those levels. A number of American banks indicate that the gold price may continue its movement towards the 2500/2700 zone, but because we have seen a new all-time high every time in recent weeks and there is therefore little to no data to make analyses, to where exactly it could rise, I have the feeling that this bubble could burst quickly and I therefore trade with more caution.

I wish you a good week, take your positions, trade with a stop loss, like, share and comment.

Nota

This was posted on the 15th of April

On the Chart you can see that in the analysis 2365/2362/2360 is an important zone, with an outlier when the market opened. At 2362 I opened a Sell and at 2350 I closed 50% of my trade. I assume that gold will first sink towards the 2340/2330 zone before I start looking at Buys again.

Nota

This was posted 23 hours ago

Today we saw that gold continues to trade neatly within the 2360 and 2330 range with a small outlier around the time the news was shared (Core Retail Sales, Empire State Manufacturing Index, Retail Sales). Around noon I shared that I was going to look for Buys if gold would reach the 2330 zone and together with a group of guys I trade with we set a Buy Limit at 2325, we partly closed this trade at 2342 and the last part at 2352.

The 2350 zone has become a strong resistance zone and if it is broken we will continue to look for Buys towards 2362 and higher.

Nota

Posted 6 hours ago

Trade Active
Buy 2365 to 2377/2400 and higher

Dagangan aktif

Closed a part on 2377 now i put my stop loss on break even. Hope this trade goes toe 2395/2400 zone again.

Dagangan ditutup: sasaran tercapai

2395

Nota

Words of Eugenio Catone:

Gold is at an all-time high and has attracted media attention. Everyone is talking about it, and already there are those who are talking about a bubble ready to burst. Personally, I am of the opposite opinion, partly because bullish cycles in gold have seen rises as high as 300%, and we are far from those performances. Something similar happened in 1978, following problems with inflation, wars, and revolutions. Obviously, with this, I am not predicting a gold price at $9,400 per ounce, that would be crazy. What I do expect is a rise to $3,000 per ounce by the end of 2025, which is still an ambitious price target.

Certainly, some of the geopolitical tension is already discounted in the current price and is what has allowed gold not to collapse despite the rising Dollar Index. However, an escalation of the conflict in the Middle East could be a sufficient driver for further upside. In addition, I expect that real rates may decline significantly in the coming quarters, and this has always been a bullish signal for gold over the past 20 years. Should inflation spike higher again, even then, gold could do well given its function as a store of value.

Overall, I think there is more than one reason to believe that gold's uptrend could continue, at least until real rates reach the bottom. The only scenario that could almost certainly lead to the collapse of gold is the resolution of the problems in the Middle East and Ukraine, resulting in a soft/no landing. Unfortunately, we are still far from world peace.

Nota

Today we are looking again at the 2360/2365 zone maybe some buys from there. I’m still thinking gold wil go back to 2400/2445/2500. Let’s see how it works out.

Dagangan aktif

Buy on 2362

Dagangan aktif

I had my first TP on 2380 but it just didn't catch the TP. Now I have set my sl to 2366 with the hope that the price will rise again to my first tp and then I will try to leave this trade open until 2400 or higher.

Dagangan ditutup secara manual

And again it did not happen today! Sometimes you win and sometimes you lose closed al my trades at 2385 let’s see what gold has planned for tomorrow. Have a great evening everyone.

Nota

Last week saw an growth in gold prices, when it reached a record high of 2431 before stabilizing at around 2400. By the end of the week, prices had ended at 2392, up 0.55% on the day.

The main factors driving gold prices to increase sharply include: the conflict situation in the Middle East continues to be tense; Fed Chairman Jerome Powell and other officials believe there is no need to further reduce interest rates; and in particular, China's strong buying has facilitated gold in conquering new peaks.

In terms of technical analysis, gold is still supported by the factors mentioned above. This precious metal is currently trading above the two exponential moving averages which continues to support investors buying. Gold is maintaining its current trend, trading above the Trendline and it is important to watch for any buying opportunities when the price re-touches the Trendline and check the stability of these two EMAs.

I am closing this trade week and I look forward to sharing the analyzes for April 22 - 26 this weekend. Have a nice weekend and I hope you all get rich!

Nota

Still going good on this chart i made an update for next week.

TheDutchGoldTradeHub

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.