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XAUUSD 15-Min Analysis: Testing ResistanceThe chart shows the XAUUSD (Gold/US Dollar) pair on a 15-minute timeframe. The market is currently trading around 2516.76, where price is approaching a critical resistance level and showing potential for a pullback or continuation of its bullish move. Key Observations: Resistance Levels: The price is approaching a significant resistance zone between 2528.99 and 2530, where the price is expected to face selling pressure. A breakout above this resistance would confirm further bullish movement, but rejection here could lead to a correction. Support Levels: Immediate Support: The price may retrace to the 2511 support area before any significant move upward. Deeper Support: If the price breaks below 2511, further support is found around 2500. EMA Structure: The EMAs (20/50/100) are aligned bullishly, showing continued upward momentum, but a potential short-term correction is also possible as the price tests resistance. RSI Indicator: The RSI is hovering in the overbought territory at 70.78, indicating that the price might see a pullback before attempting to break the resistance level. Expected Price Movement: Bullish Scenario: If the price breaks through the 2528.99 resistance, it could push higher towards new highs, with a bullish continuation pattern forming. Bearish Scenario: In case of rejection at resistance, the price may correct down to the 2511 support, and potentially as low as 2500 if bearish momentum increases. This setup offers both bullish continuation and potential retracement opportunities, depending on how the price reacts to the current resistance level. Traders should watch for either a breakout or a pullback to support before committing to a position.
PEPPERSTONE:XAUUSDLong
by Nigouk
9.5 Gold short-term operation strategyGold lacks direction in high-range wash Yesterday's gold trend once again proved that it is in a high-range oscillation pattern. As we imagined, gold first fell to test around 2472 and then received buying support, starting a rebound rhythm. The overnight US July job vacancy report dropped sharply, stimulating gold to continue to rise to test around 2500, and it is still running at a high level. Next, the market will focus on non-agricultural employment data, and the market hopes to get information from the Federal Reserve on the extent of the interest rate cut. At present, the high-range adjustment is obvious, with support around 2475 and resistance around 2527. The pressure point to watch during the day is the 2500 mark. If we stand above this level, we will continue to look at the opportunity of 2510-20. Otherwise, there is a possibility of a pullback under pressure. There is really no good idea. It is recommended to wait and see. From the analysis chart, 2507 is a big pressure. Now it is a bottoming out. Bulls pay attention to the small support of 2488. Today we will consider long opportunities at this position. If the bulls reach 2507, consider shorting. Note that it is only considered in the Asian session. If the European and American sessions go anywhere, the position may be broken. Today's idea is that both long and short positions can be taken. It is very important to find the rhythm and position. Support is around 2471-2473, small support is 2488, pressure is 2500 and 2507, and the watershed of strength and weakness in the market is 2493
TVC:GOLDShort
by David_strategy
1
9.5 Gold short-term operation strategy1: US debt. Since 2022, out of concern about US debt, central banks around the world have chosen to increase their gold holdings to balance the structure of foreign exchange reserves. In the past two years, the amount of gold purchased has doubled, and the scale is still expanding. 2: The Federal Reserve cut interest rates. After the interest rate cut, more US dollar liquidity will be provided to the market, and more funds will return to the gold market, which has never happened in the rise of gold in the past two years. 3: Risk hedging. As the best risk hedging tool, gold will increase significantly in asset allocation during the economic downturn. China is the largest consumer of gold. For every 10% drop in gold prices, China's gold demand will increase by 16%. Once gold falls sharply in September, the central bank may return to the market with a large number of orders. Regarding the theory of US economic recession, there have been whistleblowers one after another since August. The plunge in global stock markets on August 2 was Sam's Law, and the plunge in the Nikkei 225 index on Tuesday this week, and the decline in gold/crude oil all triggered the recession indicator of US economist Rosenberg. At this stage, the recession of the US economy is still in the imagination stage. The US August employment report will be released at 20:30 Beijing time on September 6. The market is overreacting to the unemployment rate. The unemployment rate rose to 4.3% in July. Once the unemployment rate rises in August, it may trigger the reduction of arbitrage trading funds and cause market stampede. Before that, the US will release the August ADP employment data today. The previous value was 125,000, and the market estimated 145,000. The number of initial jobless claims in the United States for the week ending August 31 will be announced at 20:30. The previous value was 231,000, which was not much different from the estimated 230,000. This is just the appetizer. The hard dish is the US non-farm employment data on Friday. Last month, the global market avalanche was triggered by the non-farm data. The sharp decline in non-farm data last month should be bullish for gold, but the market trend suddenly turned from the expected Fed rate cut to the US economic recession, causing indiscriminate panic selling. This time everyone's eyes are on the non-farm data. Today, we will pay more attention to the changes in the technical structure. The data only serves as a guide. Emotions will be reflected in the price in advance. On Wednesday, the gold price accelerated its decline in the European session, falling from a low of $2495 to $2471, a drop of nearly $25, but the continuity was extremely poor. The US session recovered and returned to the $2500 line. In recent times, the gold price has been on a roller coaster ride, and basically there is little continuity. After a sharp drop, there is a sharp rise, and after a sharp rise, there is a sharp drop. This morning, the price was at $2498. After the rebound in the US session last night, it closed above the support point of 2491. The upper pressure is still collectively at $2507. The break of this position will temporarily end this round of small-scale adjustment. From the 1-hour structure, the price rebounded after two dips to the 2470 USD line, forming a staged double bottom. There are two positions above that are of particular interest. One is the 2500 USD line with the pressure of 2507 USD as the boundary, that is, to hold 2506-07 and continue the weak shock. The support below is 2491. Only when it is lost here can it be opened for the second time. In addition, if the rebound is strong and breaks through 2507 USD, the rebound will further continue to the range of 2512-14. The rebound here should pay attention to the decline after the rapid pullback. Don't chase the market in the past few days. If you see a rise, you will have more callbacks. If you see a fall, you will often be shorted. If you see a rise, you will look for pressure positions to go short. If you see a fall, you will look for support positions to go long. Don't treat the box shock as a unilateral one. Therefore, my idea for gold today is to continue to look for a decline with 2507 Qingyuan as the pressure. First, pay attention to 2492 below, followed by 2485 USD and 2485 USD. The formation of this unilateral market will be postponed to the non-agricultural data tomorrow night or the Federal Reserve interest rate decision on September 17. Before that, it will mainly be a roller coaster wash.
TVC:GOLD
by David_strategy
1
78 Close the position with a profit of 13 points. Look for the s1: Fundamentals, the market is waiting for data, and the trend of waiting for data is very obvious. The Asian market is basically dominated by fluctuations; waiting for European market data, because the data will wash the market, and pierce, the trend of hitting stop loss makes the account and trading very difficult; We can only wait for the data for 1-2 hours to see whether the market is stable, 2: Technical aspects: A: In the small cycle, 1 hour, 30 minutes, it tends to the range of 2480-2500. In the range, you can take 2500-2495 short, and the following 2480-2485 range is long, and do small ranges; B: 4 hours, the pattern oscillates downward, and the indicator oscillates upward. This is a contradiction. To solve this contradictory signal, there is only a wash up and down, and finally a certain degree of direction; 2470 is currently a double support, buying support, and will not break for the time being; unless capital selling knocks out the long buying at 2470; C: In the daily K, the indicator crosses downward, which is a bearish signal, so short selling can be adopted, but 2470 has not been broken, and it needs external stimulation to break 2470; the high point pressure in the short term is around 2530, which is also the watershed position of the trend; To sum up: short-term intraday short-term small range 2500-2495 short, 2480-2485 range long; US market 8:30 data, it is recommended to avoid; avoid risks, let the trend go by itself, there will be data on Thursday and Friday; after this week, the trend will be clear; in the vague trend, it is not recommended to force and force long and short exchanges
TVC:GOLDLong
by David_strategy
1
9.4 Gold short-term operation strategyGold 2480 broke as expected. The US dollar rose 0.26% during the week, hitting a two-week high of 101.9. Affected by the surge in the US dollar index, the price of gold hit a new low of more than a week to around 2473 yesterday. However, the poor performance of the US ISM manufacturing PMI data dragged down the US bond yields, providing support for the gold price. It rebounded slightly in the late trading, and the daily line closed with a small negative column with a long upper and lower lead. The market is waiting for the US non-farm employment data, which may determine the scale of the possible interest rate cut at the Federal Reserve's September policy meeting. After the US holiday on Monday, gold finally broke out on Tuesday, breaking through 2480 all the way during the session and reaching the 2473 line. As we said, the market reached 2480. The 2502 short order given yesterday was basically the highest short order of the day, and once won 22 points of profit. The recent market is actually a market for making money. As long as gold rebounds, you can short it. The current price is more stimulated by the news, and it will not be supported for long. At present, 2480 has been broken. The area of ​​2473-74 is a strong support. If it breaks down, it will go to the 2460 line. Based on the current trend, there is still a high probability. The 4-hour trend shows that the downward channel has been opened. If it rebounds around 2500 today, you can participate in short orders. Detailed intraday operation strategy: Short at 2505, defend at 2513, target 2490-2480 Buy at 2480, defend at 2473, target 2500-2505
TVC:GOLDShort
by David_strategy
1
9.4 Analysis of Short-term Gold OperationsThe U.S. market broke the bottom and reversed, with three negative daily lines, and the price completely broke the short-term 5-day and 10-day moving averages. 2490 did not hold, but this decline was not restless either. 1. They all fell first in the Asian market. 2. The European market is still rebounding and rising, forming an illusion of support. 3. The U.S. market fell 6-8 points before the intraday low, and the drop at this point basically determined the U.S. market to retreat. 4. The U.S. market continued to counterattack the 2502 line, which was considered a shock. It broke the intraday decline and rebounded 618, and also broke the top-bottom conversion level. 5. After the US market broke through the bottom, the difference was slightly 2470-1, the previous low. 6. It pulled back upward in the early morning, touching the intraday drop of 618 at the 2494 line. From this we can see several points: (1), it fell in a cycle in the morning. (2) Oscillating retracement, the strength of the rebound is also OK. Although the decline is large, it can be closed up, and it is not an extremely weak decline. (3) The daily rhythm is three Yin, reaching the edge of the maximum correction. Today's market should turn positive. This pattern, if there is a swallowing decline, the overall weakness will be weak, but this constitutes that it should still be a bull wash. Therefore, in terms of operation: You can get rid of the cycle and bet on the retracement first. The resistance level is 2492, which is the 618 position of yesterday's decline and rebound. If it breaks 2502, it will lose money and look at the 2483-4 line. Pay attention to two points: if it falls in the morning, you should sell in the afternoon. In addition, if the morning does not fall to the target level, it will break the high in the afternoon and the short will be evacuated. There will be a cycle in the afternoon, and the European session will rise. If the cycle in the afternoon is stuck, if it touches the 2483-4 line, it will be long, and the loss will be 73. Look for the intraday European session to pull up. The extreme retracement long position is 2481.5, which is the 618 position of the rebound and rise. But if the market resists the decline in the morning, it will be more aggressive in the afternoon, and the market will be above 2500.
TVC:GOLD
by David_strategy
1
Gold 2500 sold Tp2480Last week we sold resistance positions and bought support positions as shown in the chart and scalped our profits to over $80! My friends who followed me all made super profits last week! Gold is currently under pressure at 2505 and I told you last Friday that if it breaks below 2500 then the price will continue to test the next support at 2480! This price will most likely arrive this week! So you can verify it The support for gold is 2485-2490 and the pressure position is 2500-2505 Divisionline 2500 Gold 2499-2505 sell! tp 2480
OANDA:XAUUSDShort
by CrazyPeter001
GOLD, raid for liqudity! Ver thik, her ek kom!Gold just took liquidity from the previous day's low (PDL) and previous week's low (PWL). It had the first market structure (MS) shift on the 15-minute chart, and now, after some consolidation and testing of the 15-minute order block (OB), it will most likely continue higher to take out liquidity from the equal highs (EQH) in the 2528-2531 area (which also includes the previous month's high (PMH) and previous week's high (PWH)). This aligns with the monthly theory that suggests price manipulation at the beginning of the month, followed by the real move during the 2nd and 3rd weeks of the month. I would wait until the price moves higher to the 2507 area, breaks above it, and closes on the 15-minute chart with the candle body above the London open high (LOH). Only then would I open a long position targeting the previous week's high (PWH). Always follow risk management: after a 1:1 risk-to-reward (RR) move, adjust the stop-loss to the entry point. At 1:2 RR, either take full profit (TP) or trim 80% of the position.
CAPITALCOM:GOLDLong
by Almenio
Long on Gold (XAUUSD) – 30-Minute Timeframe We’re entering a long position on Gold (XAUUSD) on the 30-minute timeframe after the price took out the previous low. This setup is targeting a move towards the 0.5 to 0.6 Fibonacci retracement levels, which often serve as significant resistance areas during a retracement. Key Levels: • Entry: Positioned after the recent low was taken out, signaling potential exhaustion of the downward move and a possible reversal. • Target: Aiming for the 0.5 to 0.6 Fibonacci retracement zone, which is a typical area where the price might encounter resistance and where profit-taking is expected. • Stop-Loss: Placed below the recent low to protect against further downside risk, ensuring a favorable risk-to-reward ratio. • Partial Profit: I will take partial profits at the support level, where the price might pause or react before continuing higher. Rationale: This trade capitalizes on the likelihood of a corrective move upward after the initial bearish momentum drove the price down to take out the previous low. The Fibonacci retracement levels provide a logical target for this bounce, offering a structured approach to capturing potential upside while managing risk effectively. Risk Management: To manage risk, the stop-loss is set tightly below the recent low, minimizing potential losses if the market continues to move downward. Additionally, partial profits will be taken at the support level to secure gains before the price potentially continues toward the higher Fibonacci retracement zones. 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.
CAPITALCOM:GOLDLong
by AR33_
Gold entered into a bearish structure after breaking channelHello 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
Gold forecast: What now for gold after scoring 7 monthly gain?I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Gold finished higher for the 7th consecutive month in August, meaning that the precious metal is now up a solid 21% year-to-date. Will it be able to rise further in September or take a breather? The gold forecast will now depend at least partly on incoming US data and interest rate expectations. I continue to maintain a bullish view on the metal thanks to a favourable macro backdrop and its steady-as-she-goes price action. Gold forecast: Can XAU/USD continue rising? I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Additionally, there are few fundamental reasons to short sell gold at the moment. In fact, some argue that gold is still undervalued, considering the significant devaluation and loss of purchasing power of fiat currencies worldwide due to high inflation, which remains persistent in some regions. While disinflation is evident in the US and other areas, it's not the same as deflation. Prices are still increasing, just not as rapidly as before. Demand for gold as an inflation hedge should continue to offer support. Moreover, the sharp decline in bond yields in the last couple of months, driven by expectations of rate cuts by the Federal Reserve, is likely to benefit low or zero-yield assets like gold. As long as we don’t see a reversal in the that trend, lower yields should argue against a sustained period of weakness for gold and silver. Dollar in focus ahead of busy week The US dollar is facing a key test this week with the release of several market moving data releases, including the August jobs report. Following today's US Labor Day holiday, the US data schedule becomes busier, featuring ISM manufacturing data on Tuesday, JOLTS job openings on Wednesday, ADP employment data, jobless claims, and ISM services on Thursday, and culminating with the key event of the week, the August jobs report on Friday. Out of all of these data releases this week, the nonfarm jobs report should be a key determinant of whether the dollar’s two-month dollar bear trend extends or whether range bound price action will return. Gold bulls will need to a weaker number to send the metal sharply higher. But if the consensus is correct regarding Friday's jobs report, which predicts 165,000 job gains and a decrease in the unemployment rate to 4.2% from 4.3%, then the market will likely solidify expectations for a 25-basis point rate cut to start the Fed's easing cycle on September 18. In this scenario, I would expect to see a modest weaker reaction in gold at least. However, if payrolls only increase slightly, say by around 100,000 or so, with the unemployment rate potentially rising too, then in this scenario, the dollar could resume lower, sending gold sharply higher as expectations shift back toward a 50-basis point Fed rate cut in September. China concerns linger Meanwhile we have had some mixed PMI readings from China’s manufacturing sector in the last couple of days, leaving investors guessing about the health of the world’s second largest economy. While the official manufacturing PMI fell further into contraction at 49.1 in August from 49.4 in July, the Caixin PMI improved to 50.4 from 49.8 the month before. Meanwhile, the official non-manufacturing PMI ticked up to 50.3, suggesting that perhaps the Chinese economy may have bottomed out. We will need to see further evidence of a Chinese recovery. If so, this will help raise hopes that elevated demand from the world’s top gold consumer nation can sustain precious metals prices at these levels or even push them higher. Gold forecast: technical analysis and trade ideas The steady grind higher is precisely what the bulls would like to see, keeping the technical gold forecast bullish. Shallow dips, higher highs, higher lows are characteristics of strong bullish trends. So, the trend is clearly bullish and will remain that way until we see a lower low form. Dips are likely to find support around broken levels such as around the old record high from July at $2483, where we also have the 21-day exponential moving average converging. The bullish trend line that has been in place since February, comes in around $2450, representing another short-term support level to watch. On the upside, there is only one prior reference point to watch given that the metal is trading near its all-time high. And that level is the all-time high itself, hit last month at $2531. -- Written by Fawad Razaqzada, Market Analyst
WHSELFINVEST:GOLDLong
by WHSelfInvest
Buy Gold (Xau/Usd) ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle 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 2497, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2522 Stop-Loss: To manage risk, place a stop-loss order below 2489. 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.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
7
9.3 Gold short-term operation strategyAt the beginning of the Asian session on Tuesday (September 3), spot gold 4 hovered below the 2500 mark and is currently trading around 2495 US dollars per ounce. Due to the strengthening of the US dollar, the price of gold fell to the lowest point in more than a week near 2489 on Monday, but then rebounded to around 2507 yuan and closed at 2499, with a small negative column with upper and lower leads on the daily line. During the US holiday, the overall volatility of gold was small yesterday, and the intraday short-term was still dominated by fluctuations. Although the gold price fell below the 2493 support during the day, it quickly recovered, but the rebound strength was still weak, especially the hourly line. After a small rebound in the white plate, it fell all the way, with basically no rebound strength. In the morning, it came to 2495 again. This trend, from the perspective of the day, will definitely continue to decline, and 2480 is expected to be reached. Gold is now in a multiple top structure above, and the trend of the hourly line is obviously falling. The gold short has not ended yet. The rebound of gold is an opportunity for the short. Gold is now building a top structure. Once formed, the decline of gold has just begun. Today, we are still shorting near the rebound of 2505, which is the starting point of the hourly line decline. Detailed intraday operation strategy: Short gold at 2505, defense 2512, target 2490-2480
TVC:GOLDShort
by David_strategy
2
9.3 Gold short-term operation strategyGold fluctuates to welcome non-farm payrolls Gold fell in the Asian session on Monday, rebounded in the European session in the afternoon, rebounded slightly in the US session in the evening, closed early in the morning, and finally made profits twice. The daily line closed with a small cross Yin pattern. The daily line has been mainly oscillating in recent times Gold bottomed out and rebounded in the Asian session on Tuesday. The 4H closed with a small Yin at 10 o'clock. From the current pattern, gold still has the momentum to fall. In terms of operation, pay attention to the 2480-2482 range. Go long for the first time it touches and look for a rebound. Other positions are arranged on the spot. Today's PMI data will also be focused on On September 3, the upward point is 2480-2482, long, protect 2474, and target 2490, 2498 Downward point is 2510-2512, short, protect 2515, target 2500 2495
TVC:GOLD
by David_strategy
1