Get started

Goldlong

9.10 Gold short-term operation strategyWhen will the range oscillation stop? Gold is still expected to fall back At the beginning of the Asian session on Tuesday (September 10), spot gold fluctuated in a narrow range and is currently trading around $2506.22 per ounce. Gold prices rebounded slightly on Monday, rising above the 2500 mark and closing at 2506, with a small positive on the daily line. The rebound of US Treasury yields was blocked and hovered around the 15 lows, providing gold prices with a rebound opportunity, but the rebound of the US dollar index limited the rise in gold prices. Investors are waiting for the US inflation report to provide further clues to the possible scale of the Fed's interest rate cut. The recent trend of gold is quite subtle. From mid-August to now, for almost a month, the price has been maintained in the large range of 2470-2530. It fell when it touched the top and rebounded when it touched the bottom. The range has never been broken. Last Friday's non-agricultural data only rebounded slightly and fell around 2530. The focus of this week is the CPI data on Wednesday, which is an important factor that may break the deadlock in the range. Therefore, the CPI data at the beginning of this week currently maintains the idea of ​​range oscillation. In the current volatile market, although there was a slight rebound yesterday, the rebound strength is limited. The focus of the day is the double top pressure level 2515 formed in the short term of the daily line. Today's short orders will be participated in this position, and the second is around 2530. When it reaches this position, it will be bold to participate. Focus on the support of 2480 below. If the pressure level of 2530 above has not been broken this week, the market may turn downward. Tuesday Risk Warning ☆ Today, OPEC will release the monthly crude oil market report; ☆ At 14:00, Germany will release the final value of the August CPI monthly rate; ☆ At 14:00, the UK will release the three-month ILO unemployment rate in July, the unemployment rate in August and the number of unemployment benefit applicants in August; ☆ At 18:00, the United States will release the August NFIB Small Business Confidence Index; ☆ At 0:00 the next day, EIA will release the monthly short-term energy outlook report; ☆ At 4:30 the next day, the United States will release the API crude oil inventory for the week ending September 6. Detailed intraday operation strategy: Gold 2515SL, defense 2523, target 2500-2490 Gold 2480BY, defense 2472, target 2490-2500
TVC:GOLD
by David_strategy
1
Waiting for US economic dataThe gold market continues to be in a very strong position, delaying 23.6% of its price decline. This retracement level was held recently on 4/23/24, 5/6/24 and again on 7/25/24. You can also find support and resistance fields in the main Gann boxes at high and low levels. Use the main Gann square 2514.00 as the swing point for the week. Above that, the long term limit of the entry is 2775.00. The short target is the next largest Gann square at 2578.40. Below it, there is a 23.6% return to the October 2022 low of 2422.00. Any rally that holds the 38.2% back to the 6/10/24 low maintains an extremely positive trend and could quickly reach new highs. The dollar index (DXY00) rose +0.37% on Monday. Stronger-than-expected US economic news on Monday gave the dollar a boost. The dollar also rose on reduced expectations that the Fed will cut rates aggressively as markets are discounting the likelihood of a 50 basis point rate cut at next week's FOMC meeting at 31%, down the line at 50%. following the release of the US payrolls report last Friday. The strength of Monday's vote reduced settlement demand for the dollar. Monday's US economic news was supportive of the dollar. July wholesale revenue increased +1.1% over the previous month, stronger than expectations of +0.3% over the previous month and the largest increase in 5 months. In addition, consumer credit in July increased by +$25,452 billion, stronger than expectations of +$10.4 billion and the maximum increase in 1-1/2 years. The current economic situation is waiting for the final CPI data to make the Fed's decision whether it is 25 points or 50 points.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Short Trade For XAUUSDAnalysis: Gold Prices Poised to Surge as Federal Reserve Prepares for Rate Cuts The gold market is set to experience a significant rally, potentially driving prices toward $3,000 per ounce within the next year, as the Federal Reserve gears up for an anticipated cycle of interest rate cuts. Several key factors support the thesis that gold will become an increasingly attractive asset as monetary policy shifts, and these dynamics have historically propelled the yellow metal to higher valuations. 1. Monetary Policy and Gold: An Inverse Relationship The primary mechanism driving this outlook is the inverse relationship between interest rates and gold prices. When the Federal Reserve cuts rates, real yields on bonds and other interest-bearing assets decline, making them less attractive to investors seeking returns. As a result, gold, a non-yielding asset, becomes more appealing as it provides a safe store of value. Rate cuts typically lead to a weakening of the U.S. dollar, further enhancing the allure of gold, which is priced in dollars. As the greenback depreciates, foreign investors can purchase gold at relatively lower prices, boosting global demand. With the Fed expected to shift to a more accommodative stance, this could trigger a strong rally in gold. 2. Inflation Expectations Amid Rate Cuts Another key factor is inflation. As rate cuts are implemented, the cost of borrowing decreases, leading to higher levels of spending and investment. This economic stimulus often spurs inflation, and while moderate inflation is typically welcomed, a sustained increase can erode the purchasing power of fiat currencies. Gold is widely regarded as a hedge against inflation, and in such scenarios, investors turn to gold to preserve their wealth. Given the inflationary pressures that have been building, particularly following significant monetary and fiscal stimulus during the pandemic, investors may increasingly view gold as a safe harbor in an environment of rising prices. The anticipation of rate cuts over the next year could coincide with rising inflation expectations, further supporting gold’s appeal. 3. Historical Precedent for Gold Price Surges Historical precedent also suggests that gold performs exceptionally well in environments where central banks shift toward easing monetary policy. The previous cycles of rate cuts, such as during the 2008 financial crisis and the COVID-19 pandemic, both saw significant upward movements in gold prices. "In 2008, gold prices surged from around $700 per ounce to over $1,900 by 2011 as the Fed embarked on a series of rate cuts and quantitative easing. Similarly, in 2020, during the early days of the pandemic, gold surged to over $2,000 per ounce following aggressive Fed action. If a similar trajectory unfolds, $3,000 per ounce is not an unreasonable target, given the magnitude of the expected policy shifts." 4. Global Uncertainty as a Catalyst In addition to domestic monetary policy, global economic uncertainty is another crucial driver of gold prices. The current geopolitical landscape, coupled with economic slowdowns in major regions such as Europe and China, could further exacerbate market volatility. Investors traditionally flock to gold in times of uncertainty, and this "safe-haven" demand could contribute to further upward pressure on prices. 5. Central Bank Demand for Gold Another important factor is the growing demand for gold from central banks, particularly in emerging markets. In recent years, countries such as China, India, and Russia have been accumulating gold reserves as part of their efforts to diversify away from the U.S. dollar. This trend is likely to continue and may intensify as rate cuts weaken the dollar, further enhancing gold's strategic appeal on a global scale. 6. Potential for Gold to Reach $3,000 in 12 Months Given the confluence of these factors, the possibility of gold reaching $3,000 per ounce within the next year is plausible. The combination of rate cuts, rising inflation expectations, a weaker dollar, and increased global demand all point toward a sustained rally in gold prices. In 2020, gold experienced a significant surge, gaining nearly 30% in a matter of months, largely due to economic uncertainty and central bank intervention. A similar scenario could unfold if the Fed follows through on rate cuts in the coming year. Even a moderate return to quantitative easing could add further fuel to the gold rally. Conclusion: The gold market is entering a period where the fundamentals align strongly in its favor. If the Federal Reserve moves to cut rates as expected, the resulting decline in bond yields, weakening dollar, and rising inflation expectations are likely to spark increased demand for gold as a safe-haven asset. With these factors in play, the $3,000 per ounce target within 12 months is well within reach, making gold one of the most attractive assets for investors in the current macroeconomic environment.
OANDA:XAUUSDLong
by ZILATRADES
1
9.10 Gold Short-term Technical AnalysisGold closed two cross-yin lines in a row on the weekly line. On Friday, it rose and fell, which highlighted the signal of strong short-term strength. Although the current gold price is still above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short-term still has an advantage in the short-term, and it is likely to continue to extend the low, and it is expected to reach the 2470 area again this week. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the closing of the weekly and daily lines, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the profit of gold shorts will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2508 Detailed intraday operation strategy: Short gold rebounds at 2508, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
9.9 Gold Short-term AnalysisGold fell last week, then rebounded and fell again. It was in a range of fluctuations. The lowest point of the week was 2471, the highest point was 2529, and the weekly line closed at 2497. The weekly line showed a cross star. The gold price was still in a bullish channel. The daily line showed a large range of fluctuations. The non-agricultural data on Friday was bullish, but 2530 was still blocked and fell under pressure. It once fell to 2485. In summary, this week's focus is on the gains and losses of 2530. Although the general trend is bullish, if it does not break the high, it will continue to run in a large range. In the day, the four-hour line showed a large range of fluctuations. The hourly line rebounded in the short term. The upper side first looked at 2500, and if it broke, it looked at 2510. The intraday operation idea is to rebound and fluctuate. This week's key data Wednesday: US Consumer Price Index (CPI) Thursday: ECB monetary policy decision, US PPI, US weekly unemployment claims Friday: University of Michigan Consumer Confidence Index Preliminary Value
TVC:GOLDShort
by David_strategy
1
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
9.9 Gold short-term operation strategyIn the early Asian session on Monday (September 9), spot gold fluctuated in a narrow range and is currently trading around 2496. Gold prices rose and fell last Friday, as the number of new non-agricultural jobs fell short of expectations. Gold prices once hit a three-week high of around $2529.06 per ounce, approaching the historical high, but soon gave up the gains because the unemployment rate fell and the Fed's "number three" did not send a signal of a 50 basis point rate cut to the market, causing the market to doubt the extent of the Fed's rate cut later this month. Gold's performance last Friday sounded the alarm for the market, showing that the trend in the next few weeks will be full of variables. In this context, how to deal with potential volatility will become a key issue for gold traders. Gold closed two consecutive cross-yin lines on the weekly line. On Friday, there was a wave of highs and falls, which highlighted the signal of strong short positions. Although the current gold price is still running above the short-term moving average, and the short-term moving average also forms a short-term support in the 2490 area, the upward momentum is obviously beginning to show weakness. On the whole, the weekly line, the short position still has the advantage in the short term, and it is likely to continue to extend the lows. This week, it is expected to reach the 2470 area again. This week, we need to focus on the previous two double-needle bottoming positions around 2470. In terms of the weekly and daily closings, the downward trend is obvious, and it is expected to continue to bottom out. If the position cannot be supported, then the gold short position profit will definitely fall sharply. In terms of intraday operations, long orders are not considered for the time being. Short orders can be participated in the rebound near 2505 Detailed intraday operation strategy: Short gold rebounds at 2505, defend 2515, target 2495-2480
TVC:GOLDShort
by David_strategy
1
9.6 Gold short-term operation strategyGold is currently priced at 2497 in the morning, so go short directly! Gold fell sharply at a high level last Friday, and the rebound of gold was not strong. Gold continued to build a high top, and the rebound was an opportunity to go short; Gold is currently priced at 2497 in the morning, so go short directly! Gold has a multiple top structure at a high level in 4 hours, and the 4-hour moving average of gold began to turn downward. Once a downward dead cross is formed, the space for gold to fall will be opened, and the decline of gold will increase. Gold rebounded weakly in the morning, and even 2500 could not be broken. The rebound was weak, so go short at 2497 first. The market changes rapidly, plan your trade, trade your plan, gold is weak and has no rebound, which is a signal of weakening, and gold continues to go short to the end. Gold is short at 2497, stop loss at 2507, target 2480-2475
TVC:GOLDShort
by David_strategy
1
Xauusd long Target confirm signal Gold came within a touching distance of a new all-time high near $2,530 as US Treasury bond yields turned south on disappointing US jobs data. The US Dollar's resilience amid a souring risk mood, however, caused XAU/USD to erase its daily gains. From a technical perspective, momentum beyond the $2,524-2,525 immediate hurdle will be seen as a fresh trigger for bullish traders. Moreover, oscillators on the daily chart are holding in positive territory and are still away from being in the overbought zone. This, in turn, suggests that the path of least resistance for the Gold price is to the upside. Some follow-through buying beyond the all-time peak, around the $2,531-2,532 area touched on August 20, will reaffirm the constructive outlook and pave the way for a further appreciating move. On the flip side, the $2,500 psychological mark now seems to protect the immediate downside below which the Gold price could slide back to the $2,471-2,470 horizontal support. A convincing break below the latter will set the stage for deeper losses towards the 50-day Simple Moving Average (SMA), currently pegged near the $2,440 region, en route to the $2,400 mark and the 100-day SMA, around the $2,388 zone. Gold now buy support 2585 Gold sell resistance 2415
OANDA:XAUUSDLong
by JohnHarry_7
Strong level / best time to sell on correction from the level (all signals on real account ) The situation with gold (XAU/USD) is currently characterized by several key factors that affect its value. First, the gold price often reacts to changes in economic data and the political environment. The unpredictability of global financial markets, inflation, and changes in U.S. interest rates particularly affect the demand for gold as a safe haven. Second, there has been a recent increase in interest from central banks in gold holdings as they seek to diversify their foreign exchange reserves. This could lead to additional demand for gold in global markets. In addition, a strengthening US dollar usually has a negative impact on gold as it becomes more expensive for holders of other currencies. At the same time, geopolitical instability and conflict situations can contribute to the rise in prices for the precious metal as investors look for ways to protect their assets. At the moment, volatility in XAU/USD quotes can be observed, which creates both risks and opportunities for traders. Technical analysis shows important support and resistance levels that can influence further price movement.
FXOPEN:XAUUSDShort
by seventhlab
9.6 Gold summaryWe have always emphasized that if gold does not break the new high, it is short. Gold maintains the idea of ​​shorting today. Gold finally fell as expected. Gold has a bumper harvest overall. Gold fell sharply from a high position. The profit was 56K and the position was closed. Gold has multiple top structures in 4 hours. The 4-hour moving average of gold is still showing signs of turning downward. The positive news of non-agricultural gold has not been able to make gold break the historical high. It seems that it is still difficult for gold to directly break the historical high in the short term. A Friday full of surprises and a perfect weekend!
TVC:GOLDShort
by David_strategy
1
Long on Gold (XAUUSD) – 30-Minute TimeframeWe’ve initiated a long position on Gold (XAUUSD) on the 30-minute timeframe following a recent pullback. The current bullish momentum suggests a continuation towards the previous daily high, with the potential for a new all-time high. This trade is positioned ahead of upcoming impact news, which may favor gold. Key Levels: • Entry: The long position is entered after the pullback, with confirmation of bullish momentum resuming. • Target: The initial target is the previous daily high, with the possibility of extending towards a new all-time high if the bullish momentum continues. The news events scheduled from today to tomorrow could further drive this upward movement. • Stop-Loss: Placed below the recent support level to protect against downside risk and ensure a favorable risk-to-reward ratio. Rationale: The decision to go long is based on the strong bullish momentum observed after the recent pullback. Gold has shown resilience, and with upcoming economic data releases, there’s a potential for further upside. The previous daily high serves as a key resistance level, but if broken, it could pave the way for a new all-time high. Risk Management: As the trade progresses, consider moving the stop-loss to break even or closer to the entry point to lock in profits and minimize risk. Partial profits can be taken as the price approaches the initial target, allowing for a more conservative approach while still capitalizing on potential further gains. Additional Considerations: Monitor the upcoming economic news closely, as it may significantly impact the direction of gold. Be prepared to adjust the trade strategy based on how the market reacts to these events. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
OANDA:XAUUSDLong
by AR33_
2
With the Non-Farm Payrolls coming, can gold reach a new high?Gold is approaching a record high again. Will it break through tonight with the help of non-farm payrolls? The August US non-farm payrolls report will be released at 20:30 tonight. This report will directly determine whether the Fed will cut interest rates by 25 basis points or 50 basis points in the September interest rate decision, and will also directly reveal whether the US economy has entered a recession as the market worries. Last month, US employment data was weak, especially the unemployment rate hit a new high since October 2021, which aroused market concerns about the US economy. This concern spread to the entire financial market, forming a chain reaction and triggering the Black Monday plunge. Fed Chairman Powell said at the August Global Central Bank Annual Meeting that he did not expect the August employment report to continue to be weak, and the September interest rate cut would not change due to the rebound in the employment market. The overly weak employment performance is not what the Fed wants to see. In addition, the number of non-farm payrolls in the United States on August 21 was revised down by 810,000, which means that the employment report in the past 12 months has been beautified, and the average number of jobs has decreased by 68,000 per month. It shows that the US economic performance is not as optimistic as the market expected. Due to the downward revision of past data, non-agricultural data will not have too much water, unlike the huge monthly difference in employment data in the previous few months, which made the investment bank's forecast of employment become a decoration. This time, the market expected 160,000 employment and 4.2% unemployment rate. Last month, 114,000 employment and 4.3% unemployment rate. Tonight's non-agricultural data mainly has two aspects: 1: The data performed better than market expectations, and the number of employed people rebounded further. It must be a low probability event if it is lower than 100,000. If it is between 110,000 and 160,000, it will cause the gold price to rise first and then fall. It is not as good as expected, but it is stronger than last month. 2: The employment data continued to be weak, even lower than 114,000 last month, and the unemployment rate rose by more than 4.3%, which is bullish for gold. From another perspective, from the perspective of the US economic recession, gold may not rise. Arbitrage transactions will be sold in large quantities, dragging down panic selling of other assets, and gold is no exception. That is to say, whether the employment data performs well or poorly tonight, it should be difficult for gold to rise. Good employment performance is bearish for gold, and poor employment performance indicates a hard landing of the US economy. Wasn’t last month’s non-farm data bullish, but gold fell sharply? Therefore, today, gold should pay attention to the risk of falling back after rising. Yesterday, gold broke through 2506 and turned bullish. I also reminded that 2506 is the dividing point between long and short positions this week. If it breaks through, you can no longer have illusions. Then 2518 was reversed to 2505, and a high-altitude profit was made. Pay attention to the dividing point between long and short positions at 2530 today. After a surge upward, be careful of the short-selling counterattack with the help of non-farm data tonight! Focus on 2505 below, and the breakout will continue, but pay attention to risk control.
TVC:GOLD
by David_strategy
1
9.6 Gold Short-Term Trading StrategySpot gold fluctuated in a narrow range in Asian trading on Friday (September 6), currently trading around 2520, holding on to most of its overnight gains. Gold prices rose to a near one-week high on Thursday as the dollar weakened and yields fell. Earlier signs of a loss of momentum in the labor market led investors to expect the Federal Reserve to make a super-large interest rate cut this month. According to a Reuters survey, job growth is expected to pick up in August, with non-farm payrolls expected to increase by 160,000 jobs that month, exceeding the 114,000 increase in July. The unemployment rate is expected to fall to 4.2% in August. Gold broke the deadlock of the first three days of this week during the day. As the US dollar index fell, gold chose to break upward. After a narrow range of fluctuations around 2495 in the early trading, it began to attack around the European trading session, breaking through the key suppression level of 2500, and breaking through the 2507 high that was broken in the previous few days. The US market accelerated to 2523 with the stimulation of ADP data, and finally fell back in the short term, with the daily line closing with a large positive column. So far this week, gold has tested the bottom support of 2470 twice. It can be seen that although it reached around 2470 twice, the real K-line basically closed above 2480, which is enough to prove that the bullish buying on dips in gold is still very strong. It is expected that before the arrival of non-agricultural and interest rate cuts, gold will continue to fluctuate at a high level. In terms of intraday operations, it is still sufficient to maintain range operations. Intraday short-term operation strategy: Short gold rebounds at 2525, defend 2532, target 2510-2500
TVC:GOLDShort
by David_strategy
1