Gold Trading Strategies Today 📈 Strategy 1: Go Sell when gold rebounds to around 2562-2565, target around 2550-2540, break the position and look at the 2530 line 📉 Strategy 2: Go Buy when gold pulls back to around 2530-2532 , target around 2540-2550, and look at the 2560 line if the position is broken Strategy orders are divided into two positions at 1:2 or...
Go through the analysis carefully, and do trade accordingly. Resistance- 2589-2591 Resistance-2612-2616 Resistance-2630-2650 Support- 2571-2565 Support-2551-2555 Support-2541-2545 Strong support area- 2531-2535 Gold Signal H4 for the week Current price- 2569.7 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618" Advice-For...
XAU / USD trend forecast September 16, 2024 Traders lifted bets for an oversized interest rate cut by the Federal Reserve amid signs that inflation in the US is subsiding, which continues to act as a tailwind for the non-yielding yellow metal. According to the CME Group's FedWatch Tool, the current market pricing indicates over a 50% chance that the US central...
🔔🔔🔔🔔 NOTE XAU/USD overview: in September 2024 🔥One thing worth noting: ✅7 resistance tests: 2528-2531 ✅3 times support testing: 2472-2470 Another very important price zone at the end of 2024. Decide the future trend for Gold 🔥With 7 resistance tests: shows that buyers have the majority - overwhelming. However, it cannot be overcome. NOVA thinks the main...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to start by attempting the higher resistance 2510-15 and based on the flip we would see an opportunity to short back down into the 2480-85 region. It was here that we suggested traders look for the set up to go long and target the higher levels again, which worked very well for...
Gold Market Prediction point of view: The gold market recently closed both its monthly and weekly candles, showing strong bullish momentum. On a monthly timeframe, gold remains bullish, especially if it stays above the 2400-2500 level. The key question now is when the market will correct this move. A retracement is expected, which typically happens...
Today's gold market seems a bit boring. Most of the time, it fluctuates in the 2502-2506 area. There is basically no trading space. Just now, gold stopped below 2510 during the rebound process, and the rise did not continue; and gold failed to fall below the 2500 mark during multiple declines, and the bullish potential still exists. Just now, gold rebounded to...
I anticipate that gold is gearing up for another rally to sweep the liquidity pool formed along the trendline. Price could either break past the 10-hour supply zone, potentially reaching a new all-time high, or we might see a short-term decline from this zone, pushing the price down to the 19-hour demand level. If the price reaches this demand zone, I expect it...
Today's NFP market is the highlight, and gold's performance in NFP is exactly in line with my expectations. First, I explained that I am optimistic about gold's rebound after the decline in the NFP market, and focus on the 2516-2512 support area and the 2505-2500 area. Before the release of the NFP data, gold just fell back to around 2512, and then rose to around...
Brothers, although gold once rebounded to around 2526, I explained six reasons in my private domain that gold cannot be shorted, and gold may challenge the previous high again or even set a new high. So I refused to short gold. Gold once retreated to around 2515, brothers! Although I did not short gold, it is obvious that I seized the opportunity to go long on...
Continued growth Gold Gold continues to grow steadily given the escalating conflict between Israel and Lebanon. The correction last week ended near the local support 2477 and made a new bounce upwards. Now new historical highs are being formed and judging by margins and options, can push the price to 2575, and there we will look at the volumes, a local...
My analysis for gold this week focuses on buying from the 17-hour demand zone, where I expect price to create a new impulsive move to the upside that could potentially take out the previous all-time high (ATH) again. Currently, we see price sweeping a lot of liquidity and family supply zones from last week, which may slow down price and lead it into my 30-minute...
If the new record high of $2,510 is reclaimed on a sustained basis, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en route to the triangle target, measured at $2,660. In light of the dovish Fed expectations, Gold price rallied to a fresh record high of $2,509 on Friday, further...
Doesn't matter what you think at the end of the day, gold is still very much a bullish market and it will likely stay like that for sometime. Yes It will probably come down a bit, but based on how the momentum is increasing I actually see, gold speeding up in terms of buys, but who knows right? Have a good weekend guys, see you on monday
I don't know anyone who would complain about making 700 usd in one day and I am not about to either, I'm quite happy with that as It is more than I asked for so I will be stopping here. That being said, Gold continues to create new higher highs and break new boundaries. I also would not be surprised if gold attempted to breach 2500 either I did cover all of...
Feels good to be right....As I would have mentioned in the video all of this is documented and on the record, Have a great day guys
Dear All This is a very BIG picture of XAUUSD price moving as you see in yearly basis that is in impulse wave 3 of bull-run standard Elliot wave; I think we are in the middle of this big big bull-run move and we should fasten our seat belts for next minimum 3K moving up price which will happen maybe in a decade.
This week’s analysis for gold reveals a compelling setup. We've observed a bearish reaction from the supply zone I previously identified. With a character change to the upside and a daily demand zone in place, this setup suggests a potential rally. If price reaches the 2-hour supply zone (Scenario B), I will look for a distribution pattern to consider short-term...