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Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset. The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
OANDA:XAUUSDLong
by BELLATRIXFX
XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions. Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480. So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first. Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade. Resistance area: 2504-2510 Support area: 2480-2470
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: Today I waited until 2530 before tradingAs can be seen from the figure, my two trend prediction lines were drawn very accurately. It is a pity that we were in the 2500-2505 buying range, and the two buying orders were all profit-taking before the market closed. The best performance of these two rises was in the Asian session of the next day. During that period, I was still sleeping in Europe, which was quite regrettable. But think about it the other way around. You should be content if you can make money, because you can't make money in all trends. It's always better to make money than to lose money, isn't it? Yesterday before I took a break, I said that if the historical high cannot be refreshed today, then gold may start to fall. This high point has been attacked many times. After many unsuccessful attacks, the bullish force will weaken. Therefore, whether this attack can be refreshed is a key point. Please keep an eye on it. How should I trade today? To be honest, I am not sure for the time being, because the current position is in the middle of support and resistance. If I continue to be bullish, it is too far away from the lower support. I feel that there is a risk. If I am bearish, it is still more than ten dollars away from the upper resistance, which is also risky. Therefore, I think it is better to wait and see. Today, three US data will be released. When the data comes out, I think the direction of the market will be much clearer. Trading strategy: If it can break through the historical high today, I think it can chase the rise, with a target of 2550-2570 If it encounters resistance near 2530 today, you can consider selling at a high level, with a target of 2505-2500
OANDA:XAUUSD
by AntonyTP
Xauusd Down Trend XAU/USD is currently experiencing a downtrend, moving from 2427 to 2411. This shift indicates a decrease in the price of the asset over the given period. Investor sentiment may be negative, leading to selling pressure on gold, causing the downward movement. Traders observing this trend may look for potential entry points or consider short-term selling strategies. The price decline suggests a shift in market dynamics favoring bearish sentiment for XAU/USD in the short term.
OANDA:XAUUSDShort
by Khalifapatrick
Weekend Russia-Ukraine Update for Natural Gas Traders in FX MarkHey everyone, I wanted to share some important updates with you regarding recent developments that could significantly impact our natural gas trades. In the past few days, Ukraine's attack on the Sudzha gas transfer station in Russia's Kursk region has raised some serious concerns. As you know, the Sudzha station is a critical point for gas flow from Russia to Europe, and any disruption here could directly affect our natural gas trading. It's something we all need to keep a close eye on. To give you some context, Gazprom supplied approximately 14.9 billion cubic meters (bcm) of gas through Sudzha in 2023. This volume accounts for about 4.5% of the EU's annual consumption and nearly half of all Russian gas exports to Europe. Since the beginning of the year, the daily gas flow through this station has remained above 40 million cubic meters. These numbers highlight just how vital Sudzha is for European gas supply. The main function of the Sudzha gas metering station is to record gas consumption and measure the quality indicators of the gas. The gas flow is measured using two primary methods: variable pressure drop and the more precise ultrasonic method, which measures the propagation speed of ultrasonic waves in the gas flow. The station is equipped with converters, pressure and temperature sensors, shut-off valves, and other equipment essential for accurate gas flow measurement. In addition, the station features an automated control system that collects, processes, and transmits data on gas parameters. This system is responsible for overseeing the operation process and maintaining accurate records. If there’s an issue at the station, not only would the gas flow be disrupted, but tracking the quality and quantity of the gas would also become much more difficult. Given these details, it’s crucial for us to closely monitor what's happening in the gas markets and adjust our strategies accordingly. As uncertainty increases, so do the potential risks and opportunities, so I strongly advise you to carefully set your stops in your trades. Wishing you all a profitable week ahead! CAPITALCOM:NATURALGAS FOREXCOM:NATURALGAS
CAPITALCOM:NATURALGAS
by TheCryptoPharaoh
4
#XAUUSD60 Does GOLD change direction after war news?Asia-Europe session analysis on July 31, 2024: The news of war has broken the downtrend on the M30 timeframe, indicating a high probability that prices will reach the liquidity zone of 30-33 and then experience a slight decrease before continuing the upward trend. However, on the H4 timeframe, closing and maintaining prices above the 2440-2445 zone is necessary for the uptrend to resume. The current analysis on the D timeframe still shows a downward trend. Today marks the end-of-month candle closing and is expected to bring unpredictable fluctuations. Key price levels to watch are 2408 - 2410 and 2440 - 2445. Recommended orders: Plan 1: BUY XAUUSD zone 2408 - 2410 SL 2404 TP 2413 - 2423 - 2430. Plan 2: SELL XAUUSD zone 2430-2433 SL 2435 TP 2427 - 2423 -2418.
FX:XAUUSDShort
by wetdyerap
$GROK Looks good to go long!🚨 $GROK is forming a Symmetrical Triangle Pattern on the 12H chart, which is typically a continuation pattern. 📈 Entry Point: 688 to 760 🎯 Targets: $0.00860 $0.00976 $0.01089 $0.01170 $0.01292 $0.01455 🔄 Trading Options: $GROK is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.00621. 📊 About $GROK: GROK is a promising project in the crypto space, aiming to revolutionize transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different networks. 📢 DYOR, NFA
Long
by CRYPTOMOJO_TA
Congrats!!! Gold Breakout played so well...Gold played out so good as we expected, gold broke the uptrend and started bearish rally and we are lucky that we caught the breakout, till now we have got 320 pips in few hours from a single trade, that was easy, and it also hit our 1st TP now you all who have followed this idea may close or hold the trade to the 2nd TP zone, and also set your trades to Breakeven for no risk at all, i have mentioned the 2nd TP zone which is quite wide so close when you feel like the profits you have earned is enough, and don't over trade...
OANDA:XAUUSDShort
by imJackWilson
Bitcoin and altcoins overview(Jule 12-13)Yesterday, Bitcoin attempted to consolidate higher after the release of macroeconomic news at the opening of the American trading session, but faced seller resistance at the local high. The expectations remain the same. We expect entry into the buyer's zone of $56,700-$54,000 (volume anomalies) and, if there is a buyer's reaction, the resumption of a full-fledged upward movement with a breakout of the global descending trend line. The cancellation of the long scenario and a more prolonged correction will occur if it consolidates below the new local low of $53,500. Sales zones: $59,900-$62,000 (volume zone), $64,400-$65,700 (volume zone), $68,900-$69,800 (volume anomalies), $70,800-$71,400 (accumulated volume). Interesting altcoins. For the IO coin, we broke an important trend line, looking at the continuation of the short with a potential down to $2 through a retest of the volume zone $2.56-$2.65 or according to your strategy by movement.
by Crypto_robotics