Gold Price XAU-USD I am closely monitoring W-bottom on 1m & 2m Breakout imminent on Gold XAU-USD need to break the top of W...'neck-line'
XAUUSD_2024-08-16_00-07-49_01a01.png
Plan of trade: Buy the break-out of price action past neck-line.
The market-makers love to pull price back before it breaks.
Good luck!
Cheers
Chris
Be aware that Silver is probably the better buy today and platinum...chart analysis. Either way lets wait for the break.
Goldlong
8.15 Gold Trend AnalysisThe newly released industrial unemployment claims and retail sales did not meet expectations, which led to a significant negative impact on gold. Gold fell from 2469 to 2450 in an instant. This also happened to apply the short-selling stop-profit signal I sent in the group to be set at 2450.
In the data released in the past two days, gold has been mainly shorted, which also happened to be in line with the predictions of me and my team
In the future, I will also release the latest news every day. I hope everyone will pay more attention to the comments
I wish everyone can make their own profits in the market
If you have order losses and are not familiar with the market, please pay attention to me
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold recovers from the decline of the news☘️Fundamental Analysis
Gold prices regained momentum in Asian trading on Thursday, reversing some of the previous day's sharp decline from a record high. The risk of a wider conflict in the Middle East, along with growing acceptance that the Federal Reserve (Fed) will begin its rate-cutting cycle in September, became key factors providing some support to the precious metal.
Meanwhile, expectations of a July rise in US consumer prices have forced investors to scale back their expectations for more aggressive policy easing. This has led to a further recovery in US Treasury yields, supporting the US dollar (USD) on an overnight rebound from a monthly low and could act as a drag on gold prices amid a generally positive risk-on sentiment.
☘️Technical Analysis
From a technical perspective, the overnight low, around the 2,438-2,436 region, now looks to protect the downside ahead of the $2,424 region or the weekly low hit on Monday. Some follow-through selling could leave Gold vulnerable to further weakness below the $2,400 level.
Meanwhile, the oscillators on the daily chart are holding in positive territory and supporting the bullish outlook. That said, any further upside move is likely to face some resistance near the $2,471-2,472 region ahead of the $2,483-2,484 region or the all-time high hit in July. A further rally above the psychological $2,500 mark would confirm a breakout through the wide trading range.
You should pay attention to the EMA critical zone around 2420, and pay attention to the zones for long-term gold BUY signals in the context of many economic and political fluctuations. Although gold has decreased, the RSI index is still in the positive zone and shows that the buyers are ready to return at any time.
SELL zone 2459 - 2461 stoploss 2465
SELL zone 2469 - 2471 stoploss 2475
BUY zone 2443 - 2441 stoploss 2437
BUY zone 2426 - 2324 stoploss 2420
xauusd long FUNDAMENTALLY;
persistent inflation concerns drive investors to gold
geopolic tensions make gold as a safe haven
cpi came as negative which devalue from the dollar
technically ;
BULLISH TREND
BREAK OF THE SUPPLY AND DEMAND ZONE
A DEEP RETEST ON THE DAILY zone
PRICE ABOVE THE SMAES
HIGH BULLISH VOLUME
PRICE IS ON A MONTHLY S/D ZONE
M LOOKING FOR SHRINKING CANDLES
MULTIPLE REJECTIONS
FEB RETRACEMENT EITHER 368 OR 50
A LONG WICK DOji CANDLE ON THE 4H FOR my ENTRY SIGNAL
1H DOUBLE BOTTOM
30M ENGULFING OR A VARIATION CANDLE
RM;
1%RISK
4.1 RRR
SCALING IN USING BOH setup while trailing in my stops
ps advice :
follow your plan and only
think of the setup itself not the money
manage risk vs reward
XAU/USD: Don’t chase the highs, beware of retracement risksGold market fundamentals:
The market believes that the Fed will definitely cut interest rates in September, but the uncertainty is whether it will be 25 basis points or 50 basis points.
The decline in U.S. bond yields and the low dollar index make gold more attractive to investors holding other currencies, providing some support for gold prices.
In addition, the geopolitical situation in the Middle East remains tense, which also provides safe-haven support for gold prices.
Technical aspects of the gold market:
With the rise of today's Asian and European sessions, the gold price is now above 2440 points, and the resistance of 2430-2440 has been broken. The nearest resistance above is the previous high of 2458. From the trend of the daily chart, the 4-hour chart and the 1-hour chart, it is an upward trend, so it is sufficient to continue to be bullish in the general direction. In the short term, due to the pull-up of today's Asian and European sessions, the price is at a high level. I think it is very likely to rise again after a correction in the short term.
Trading strategy:
I will not chase the rise today, but consider buying when waiting for the pullback support.
Support range: 2425-2435
Resistance range: above 2458
Daily risk data: US New York Fed 1-year inflation expectations in July
8.14 Gold Market AnalysisThe market trend is well controlled and the market ends perfectly.
The CPI annual interest rate report just released is lower than expected, which is a positive for gold. However, gold has fallen sharply, which is beyond the expectations of most people!
This also confirms my previous guess that if the resistance point of 2480 is not broken, gold will fall all the way. I will short sell decisively in the later stage and leave the market perfectly.
Today's profit is 7000+
Buy Gold (Xau/Usd) Bullish FlagThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 2474, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2496
2nd Support – 2506
Stop-Loss: To manage risk, place a stop-loss order below 2450. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
XAUUSD: 13/8 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2500, support below 2418-00
Four-hour resistance 2500, support below 2459-2439
Gold operation suggestions: There are too many uncontrollable news about gold in the near future. Yesterday's Middle East news stimulated risk aversion, and gold reached 2477.
From the current market trend, the support below is moved up to the previous highs of 2459-2439. If the bulls are established for the second time, this position is also likely to get the top and bottom conversion effect again. The focus is still on the strength of today's European session. If the European session is relatively strong, the upward trend can still continue before the US session. The upper target is the previous high, and the previous high is maintained near 2483 and 2477. This wave of upward movement is also likely to form a triple top pattern, thereby reshuffling the market on a large scale for longs and shorts, and the key suppression area above will also be maintained near the high point.
Key point: You can try to go long at the one-hour 2459 and four-hour 2439 supports, but you must set a small SL for going long. Beware of extreme market declines like waterfalls.
BUY:2459near SL:2455
BUY:2439near SL:2434
BUY:2401near SL:2397
Technical analysis only provides trading direction!
Global considerations on goldNewly launched statistics remains moderate, with product fees in July withinside the US growing much less than expected. The present day problems keep to reinforce the opportunity of hobby price cuts on the FED`s subsequent fundamental list.
According to the CME FedWatch tool, the marketplace is presently forecasting greater than 50% of hobby charges to lower through 50 foundation factors on the September coverage meeting. Historically, a low hobby price surroundings has continually tended to reinforce attractiveness. gold conductivity.
Allegiance Gold CEO Alex Ebkarian stated that regardless of latest profit-taking, geopolitical tensions and volatility withinside the markets along side observations across the opportunity of hobby price cuts keep to offer The representative sought a secure haven.
Analysis of gold market trend on August 14The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher
In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today
If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points
Before the release of this data, what do you think of gold?
Everyone is welcome to actively express your views
GOLD to continue in the upward move?XAUUSD - 24h expiry
Price action continues to trade around the all-time highs.
Preferred trade is to buy on dips.
Yesterday's Marabuzo is located at 2451.
Risk/Reward would be poor to call a buy from current levels.
The primary trend remains bullish.
We look to Buy at 2451.5 (stop at 2435.5)
Our profit targets will be 2491.5 and 2501.5
Resistance: 2477.7 / 2483.7 / 2500.0
Support: 2458.5 / 2445.0 / 2430.0
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
PPI - Waiting for Gold's new ATH⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) surged over 1% on Monday, driven by safe-haven demand due to concerns about escalating conflicts in the Middle East and Ukraine's unexpected offensive against Russia. Additionally, dovish expectations for the Federal Reserve (Fed) weakened the US Dollar (USD), helping gold move closer to its monthly high during Tuesday's Asian session.
However, the positive market sentiment led to some selling pressure on gold in the same session. Bulls appear cautious, waiting for the upcoming US inflation data before making further moves. Despite this, gold remains near the all-time high reached in July and is likely to break out of the short-term range it has held for the past month.
⭐️ Personal comments NOVA:
Gold price increased back to the highest resistance zone 2475-2480. There was an adjustment in the Asian and European sessions to expect to create a new ATH this week: over 2500
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2440 - $2442 SL $2435
TP1: $2455
TP2: $2470
TP3: $2500
🔥SELL GOLD zone: $2518 - $2520 SL $2525
TP1: $2510
TP2: $2500
TP3: $2490
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
Price moves steadily on all 3 EMA lines, Uptrend expected to break ATH
⭐️ 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
Seize the "Gold"en chance now! Prices could skyrocket!The hourly chart is showing the development of a double bottom pattern.
- If the neckline at the 2404 level is breached, we could witness a surge in gold prices. The anticipated upside targets are as follows:
- 1st target - 2418 level
- 2nd target - 2453 level
- 3rd target - 2475 level
gold sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GOLD → a possible bullish scenario Hello guys.
- Bullish Trend: The chart shows an overall bullish trend with higher lows forming after a correction.
- Key Resistance Levels:
- QML (Quasimodo Level): A significant resistance zone that could influence the price movement.
- Engulfed Zone: Another resistance area where sellers previously took control.
- Support Level:
- Flip Area: A strong support zone where buyers stepped in to push the price back up.
- Potential Movement:
- The chart suggests a bullish projection, with potential targets around 2,452.55 USD
- Market Sentiment: The chart indicates a bullish bias, with the flip area being crucial for maintaining this outlook.
Overall, the chart suggests a bullish scenario with the potential for further upward movement, contingent on the price action around key resistance levels.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Gold (XAU/USD) new ATH After Breaking Key The 30-minute chart shows a strong upward momentum, with the price currently trading above several key support levels.
The recent breakout above $2,469.76 has paved the way for further gains, and the price is now targeting the psychological resistance level of $2,500.
If the price continues to follow the projected path, we could see a short-term retracement to retest the $2,474.51 or $2,482.67 levels, providing potential entry points for traders.
The overall trend remains bullish, and a sustained break above $2,500 could signal a continuation towards higher levels, with $2,505 and $2,510 being the next areas of interest.
Traders should monitor for potential consolidation or pullbacks near $2,485, as this could serve as a launchpad for the next leg higher.
GBPJPY sellAs we have seen GJ has given us a beautiful upward momentum and it seems like now the momentum has been broken as GJ was moving with bullish trendline and recently it has broken below the trendline and going to be bearish the bullish candle forming has no Bullish volume also its a retest of the trendline so we will be bearish for further action keeping an eye on the pair see what happens
Gold Price Advances to Amid Rising Middle East Tension
Gold prices have surged to a one-week high, buoyed by a confluence of factors that have ignited investor interest in the safe-haven asset. For the third consecutive day, the precious metal has experienced upward momentum, driven primarily by geopolitical tensions in the Middle East and mounting expectations of interest rate cuts by the Federal Reserve.
The escalating conflicts in the Middle East have cast a shadow over global markets, prompting investors to seek refuge in gold. As a traditional safe-haven asset, gold tends to appreciate during periods of heightened uncertainty and geopolitical instability. The ongoing tensions in the region have heightened concerns about potential disruptions to oil supplies and the broader economic implications, thereby bolstering gold's appeal.
Simultaneously, growing speculation about a potential pivot by the Federal Reserve towards a more dovish monetary policy stance has also supported gold prices. As economic growth concerns persist, market participants are increasingly betting on interest rate cuts later this year. Lower interest rates typically benefit gold, as they reduce the opportunity cost of holding the non-yielding asset.
However, the upside potential for gold prices may be tempered by the overall positive risk sentiment in the market. While geopolitical tensions and rate cut expectations have provided a solid foundation for gold's rally, a generally upbeat market mood could limit gains. Investors are also likely to adopt a cautious stance ahead of the release of crucial US inflation data this week. The inflation figures will provide valuable insights into the trajectory of the US economy and the Federal Reserve's monetary policy path.
As the market digests the evolving geopolitical landscape and awaits key economic indicators, gold prices are expected to remain volatile in the near term. While the underlying fundamentals remain supportive, the potential for profit-taking and shifts in investor sentiment could introduce some headwinds.
Going forward, the interplay between geopolitical tensions, interest rate expectations, and overall market sentiment will be crucial in determining the direction of gold prices. Traders and investors will be closely monitoring developments in the Middle East, as well as economic data releases, for clues about the metal's future trajectory.