XAUUSD Buying Oppotunity #XAUUSD ( Update..! )
Bullish baised | Long Buy
Currently gold is running on a ranging market. We have cleared BOS to upside and should take 2546 - 2550 sales totally before going upside liquidity. I expected once the market Open price will fall to this range and will rise up to 2600 - 2618 zone.
If broken and this zone the price will continue the bullish movement to 2634 - 2645 area. Otherwise it will fall to the next liquidity zone Below. Enter with proper local bullish confirmations. Good luck guys
NOTE : This is my trading plan. enter with your own risk
Goldbuy
GOLD TO THE MOON AGAINGold has shown retracement from his daily fair value gap, resulting in choppy market at H4 time frame, and showing a Change of Characters/ Market structure shift at M15 timeframe, which indicates that gold is now looking to give long possitions.
wait for the price to break above 2602, to find good long opportunities
XAU/USD Longs from 2,66.000 back up?My analysis this week suggests that gold may accumulate around my point of interest at 2,660.00, where a 9-hour demand zone has formed. With liquidity and imbalance left to the upside, price might look to continue in its pro-trend direction.
Alternate Scenario: If price reaches the area around 2,740.00, we might see a retracement or bearish reaction. Given recent bearish pressure that’s led to a CHoCH and BOS, this scenario could align with the current order flow.
Confluences for GOLD Buys:
- A clean, unmitigated demand zone below.
- DXY has shown strong upside movement and may be due for a pullback.
- Significant liquidity lies to the upside.
- The overall market trend remains bullish.
P.S. If price respects the 9-hour supply zone and continues breaking structure to the downside, it could validate a temporary bearish move. Have a great trading week!
Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential.
Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains.
Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand.
In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
XAUUSD Strong Bullish Momentum1. Trend
Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment.
2. Support and Resistance
Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range.
Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term.
3. Price Action
Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone.
Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart.
4. Projections
Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD.
Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD.
5. Key Levels
Immediate Support: 2,700 USD (channel support)
Immediate Resistance: 2,750 USD (upper channel resistance)
Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower.
In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
Still sticking to long gold!Today, gold reached 2638 during the retracement process and then rebounded again, but did not effectively fall below 2640. The gold correction did not fall below 50%, so there is still room for gold to rise again.
From the perspective of technical structure, gold has signs of building a head and shoulders bottom pattern at the short-term level. Once gold cannot effectively fall below 2640, it is still possible for gold to rise to the 2670-2680 area.
So in terms of short-term trading, if gold falls back to the 2645-2640 area, I will consider adding more money to be long gold.
XAU/USD longs from 2,620.000 back up The outlook for Gold looks promising as we are now aligned with the pro trend. I’ve observed a clear character change to the upside, along with accumulation on the higher time frame, signaling that price is ready for a potential rally.
Currently, I’ll be waiting for price to retrace slightly, sweeping the untouched Asia low and tapping into my marked demand zone. At this level, I’ll be looking for confirmation on the lower time frames before targeting the trendline liquidity, particularly near the all-time highs (ATHs).
Confluences for Gold Buys:
- Market Structure: Both higher and lower time frames are strongly bullish.
- Wyckoff Accumulation: Price has formed a Wyckoff accumulation pattern on the higher time frame, indicating a trend shift.
- CHOCH: A change of character (CHOCH) has occurred on the 4-hour chart, confirming a directional shift.
- Liquidity: Significant upside liquidity in the form of trendline liquidity, with ATHs in view.
- Key Demand Zone: A strong daily demand zone caused the structure shift, making it my primary point of interest (POI) for the week.
P.S. If this demand zone fails, I’ll be looking for a potential long setup forming around the 10-hour demand zone. New ATHs possible?
Wait for the Retest !!!Hello everyone, hope we are all doing very well !.
This is one of my A+ setups, let me explain...
1. Price has taken out Asian low
2. Price has given a change of character in M5
3. We are to wait for the retest of the OB
4. After the retest, kindly wait to see if price will clear the low for the retest
5. We are to target at least the Asian high as TP 1 then the Inducement as TP 2
What we need to do now is just patiently wait for the retest.
XAU/USD getting ready for another rally?Gold appears to be generating significant liquidity, suggesting a potential setup for another rally to the upside. We’re seeing liquidity engineering, which points toward the possibility of gold making a push to retest all-time highs.
I’m watching for a chance to capitalize on this move. There’s a 1-hour demand zone just below a pool of liquidity that has recently triggered a change of character (CHOCH) to the upside. I’ll be looking for price to mitigate that demand zone before taking liquidity higher.
Confluences for Gold Buys:
- Gold is consolidating, likely preparing for a breakout.
- Trendline liquidity to the upside still needs to be taken.
- The 1-hour demand zone has caused a CHOCH to the upside.
- Gold remains bullish, aligning with the overall trend.
- The US Dollar Index (DXY) is showing signs of bearishness from its supply zone, supporting the bullish outlook for gold.
Note: If price continues to drop and fails to hold at the 1-hour demand zone, I’ll anticipate it to fill the imbalance below and mitigate the 10-hour demand zone. This area is another point of interest where a potential bullish rally for gold could form.
Gold Trading Strategies Today 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 1:3
Strategy orders change SL to the entry price when the profit is more than 1:1 RR. Unless otherwise notified, the original price shall not be re-entered;
The trend of the gold market is changing rapidly, and trading strategies may also be adjusted in real time. Investors are advised to place orders cautiously and manage account funds and positions reasonably.
Gold Fomc Movement! Gold Sell or Buy?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 Buying
Best buying area= 2535-2540
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2555 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630-2650
Waiting for Gold's correction! XAU downXAU / 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 bank will lower borrowing costs by 50 basis points later this week.
The expectations were fueled by the softer US Consumer Price Index (CPI) and the Producer Price Index (PPI) reports last week, which provided further evidence of easing inflationary pressures.
Based on M45, TRENDLINE to set up SELL signal, wait FOMC news
/// SELL XAU : zone 2603-2606
SL: 2611
TP: 50 - 150 - 200 pips (2586)
Safe and profitable trading
XAU / USD ! Upward price trend awaits ! 4th quarter 2024🔔🔔🔔🔔 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 reason is because large funds - coordination of countries want to adjust prices to reach ATH at the appropriate time (for example: September interest rate reduction, November US presidential election).
🔥Technical H4 frame: supports a very nice Uptrend
🦋🦋Technical - economic / political combination. To decide the appropriate trend and time
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NEW ATH: 2560 - 2590 - 2650
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⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
THE KOG REPORT 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 us, both down and up. We then released the NFP KOG Report and gave the levels we would be looking to either long or short into, and on the flip look for the reaction in price. We managed to get a move into that higher level, completing our Excalibur targets and then getting the RIP from that level all the way back down into where we closed on Friday. Some traders even managed to get the long from the order region market bullish above, which should have been protected and partials taken.
Another great week in Camelot not only on Gold but US30 giving us a pin point level to level move for a phenomenal short, as well as all the other pairs we trade performing well.
So, what can we expect in the week ahead?
For this week we’re going to keep it simple to start the week! We’re still in the range and price is still accumulating so we can’t get to concerned here with the longer-term direction, we’ll simply have to play the chart with what It’s presenting us.
The ideal scenario here is we see price attempt an undercut low and then start the incline into the higher levels 2505 and above that 2510-15 again. Therefore, key level support is sitting at the 2480-85 region, and our bullish above bias will still stand for this week based on that attempt to break above that 2515 price mark. If we fail here, the swing will continue to play, and we should see price attempt to break below the 2485 region and attempt to attack the order region 2450-55 which is where we feel the ideal position trade will come from.
As above, 2510-15 is a key level resistance here as breaking this level will lead to further gains on gold with that 2530-35 region again as the target level for the week.
KOG’s Bias for the week:
Bullish above 2485 with targets above 2510, 2515 and above that 2530
Bearish on the break of 2485 with targets below 2477 and below that 2465
As always, we will update traders through the week with our plans, KOG’s bias of the day and the Red Box strategy whenever we can.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold Market Analysis NFP weekGold 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 gradually.
On a weekly timeframe, the market structure remains bullish. However, there is an imbalance between the 2350 and 2465 levels, suggesting that prices could move downward slightly to fill this gap before continuing upward.
On a daily timeframe, gold has broken through its previous resistance levels, filling its daily imbalance at 2470. Key levels to watch are 2475-2485 for further bullish movement, with potential downside targets around 2415 if a correction occurs.
On a 4-hour timeframe, the market is currently moving sideways, and key levels to monitor are around 2530 for potential breakouts or retracements. The price could test higher levels like 2550-2560 if it breaks 2530, but if it fails, it might retrace to lower levels.
Fundamental factors: Upcoming data releases, such as ISM Manufacturing PMI, ADP employment, and NFP, could significantly influence market movements.
Gold important levels and areas are marked on chart so trade accordingly dont be trapped.
In summary, the gold market is currently in a strong bullish trend, but careful attention should be paid to key levels and upcoming economic data that could impact its movement.
Gold may hit around 2520 again before CPIToday'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 around 2510, but I was not in a hurry to short gold. Because gold has rebounded since 2485, it has built a "W" bottom structure at the technical level to support the rebound of gold; and today, gold has tested the 2500 mark many times but has not fallen below it, proving that the "W" bottom structure support is effective, and gold may still continue to rise, and may even hit the area around 2520 again. This is also the reason why I am not in a hurry to short gold near 2510!
At present, gold is in a narrow range of fluctuations. On the other hand, it may also be waiting for the guidance of CPI data. Gold may try to hit the 2520 area again before the CPI is released; if gold tries to hit the 2520 area before the CPI data is released, then we will boldly short gold in the 2520 area!
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XAU/USD imminent buys or rally from 2,460.000I 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 to consolidate on the lower time frames, after which gold may expand to the upside. While we're currently seeing a reaction at the present demand zone, I believe it might eventually fail due to the significant liquidity on both sides.
Confluences for GOLD Buys:
- There is significant liquidity to the upside that remains untapped.
- Price shows strong bullish momentum on both higher and lower time frames.
- A clean, unmitigated 19-hour demand zone is present.
- There are equal lows above the demand zone, suggesting a potential liquidity sweep before price expands.
P.S. As the price has already reacted to the current demand zone, I will be holding off for now and either wait for a short-term sell from the supply zone or until the price reaches the 19-hour demand zone.
Have a great trading week, everyone!
Go long gold!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 2518; after the release of the NFP data, gold instantly fell back to around 2508, and then rose sharply to around 2528. Basically, it meets my expectations that gold will fall back first and then rise.
At present, gold has fallen back to the 2505-2500 area again, and the current lowest point has reached around 2503, retesting yesterday's rebound area of 2504. If the test support is effective, gold will rebound again. I expect gold to rebound to at least the 2515-2520 area. So I have decisively chosen to go long on gold.
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Continue to hold a bulls in the 2515-2516 areaBrothers, 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 gold in the 2515-2516 area!
I cannot guarantee that gold will reach a new high, but I think gold will challenge the resistance in the 2525-2530 area at least once. Once it breaks through this resistance area, gold may continue to rise and touch the 2540-2550 area. So I still hold my long position now, let us look forward to the performance of gold together!
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Continued growth Gold. H4 26.08.2024Continued 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 culmination of the correction is possible.
XAUUSD Longs from 2,490.000 back upMy 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 supply zone.
I will approach this zone cautiously, as it involves counter-trend selling from that point of interest (POI). However, it's an extreme zone at a premium price that remains unmitigated, so I'll watch the price action closely on Monday's open to see if price starts retracing or enters the supply zone.
Confluences for GOLD Buys are as follows:
- Liquidity above that needs to be taken.
- The market is very bullish on both lower and higher time frames, making this a pro-trend trade idea.
- Fundamental and sentiment-driven news also suggests that price will remain bullish.
- Price failed to hold two new supply zones last week.
- A 17-hour demand zone has been created, which looks promising for possible buys.
P.S. If the ATH is taken out and my 30-minute supply zone fails, I will wait for a new demand zone to form closer to the price before looking for a new supply. Ideally, we get that retracement before continuing the bullish move.
Have a great trading week, guys!
Gold short 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 supported by rife tensions in the Middle East. An imminent Iranian attack on Israel loomed, as Hamas mulled over ceasefire talks with the latter.
Gold now buy 2501
Target 2510
Target 2530
SL 2480