Non-farm data is mixed, gold peaks in the short termThe non-agricultural data on Friday went up and down, and it was neither rising nor falling. The 4-hour moving average is sticking together, and it seems that it will break through this week and usher in a big market.
Gold has not reached its peak at all, and the 4-hour cycle is still one wave higher than the other. The only bad signal is that the 60-day moving average of the 4-hour cycle has been broken. We can see that in the previous wave of $150 increase, gold did not touch this moving average at all. This signal must be paid attention to.
The K-line signal is still bullish, and this wave of triangle consolidation is about to change. Technically, gold has not reached the top yet, and gold has one last rise.
Intraday short-term trading strategy:
Gold 2665 short stop loss 2670 target 2645---40
Gold 2633 long, stop loss 2623, target 2655---60
Goldlong
Sell gold in the ultra-short term. The room for decline is about $6 or more.
The price range of 2655-2652 is the top of the triangle pressure. Selling is the main method in the ultra-short term.
If you hold a loss order for a long time a CAPITALCOM:GOLD OANDA:XAUUSD nd don’t know how to deal with it, leave me a message.
How to get rid of a sell order in hand ?If you make money, it's because of your good skills or luck. But how should you deal with orders that lose money?
Stop loss or continue to hold? It depends on whether the market continues to rise or fall. I personally think that the market will continue to fall. The main reason is that there is a lot of pressure from above.
CAPITALCOM:GOLD BITSTAMP:BTCUSD BINANCE:BTCUSDT
For investors who hold short orders, I suggest you continue to hold and wait for a suitable time to close the order. After all, after the stop loss, the loss is huge. Many people cannot accept it. Moreover, many people have different selling timings and positions.
Getting rid of the short orders in my hands is my only idea at present. Whether you are a novice or an investor who has been in the market for a long time, you will face this problem.
OANDA:XAUUSD
Judging from my more than ten years of trading experience, it is only a matter of time before the gold price falls. It is reasonable to mitigate the loss through other transactions in the short term. After all, as long as it reduces the loss, any method can be implemented.
Starting next week, I will share my real-time views and operation strategies one after another. If you want to recover your losses, keep paying attention. In this way, while you continue to pay attention to me, you will definitely get help and the answers you want.
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.
01/10/2024 - XAUUSD - Bullish Bat PatternAs of October 1st, 2024, XAU/USD (Gold) has formed a bullish bat pattern, indicating potential upward movement. Here’s the trade plan:
Trade Details:
Entry: Based on the bullish bat pattern and divergence in the Potential Reversal Zone (PRZ)
Stop Loss: Below support level
Take Profit Target: 1:1 ratio
Target Price: 2650
Reason for Trade:
The bullish bat pattern, combined with divergence in the PRZ, suggests a strong potential for an upward move. The target is set at a 1:1 ratio with stop loss placed below the support level for effective risk management.
Disclaimer : This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Gold is in the bullish direction after correcting the supportHello 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
XAU continues sideways - accumulate waiting for new ATH 2705
✍️ NOVA hello everyone, Let's comment on gold price next week from 10/07 - 10/11/2024
🔥 World situation:
Gold prices pulled back after a stronger-than-expected US jobs report suggested that the labor market remains robust, indicating the Federal Reserve (Fed) may ease policy in smaller 25-basis-point increments. Currently, XAU/USD is trading at $2,643, down 0.40%.
The US Bureau of Labor Statistics (BLS) reported strong job growth for September, easing concerns about the labor market. This reduced pressure on the Fed, which had previously cut interest rates by 0.50% in September amid concerns about reaching its maximum employment goal.
🔥 Identify:
Gold price is sideways - accumulating in a large range of 2625 - 2681. The uptrend on the H4 frame is still stable and waiting for new momentum to reach the next new ATH. In the context of escalating Middle East tensions - gold price continues to increase strongly this year.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2671, $2685, $2705
Support : $2626, 2588
🔥 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
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are in a new rage but just like last time we were able to generate accurate levels to use for the coming week.
We are seeing price between two weighted levels. We have 2674 Goldturn resistance and 2650, as Goldturn support.
We currently have a gap above on market open at 2655 and below at 2633 and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2674
BEARISH TARGETS
2633
EMA5 CROSS AND LOCK BELOW 2633 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2611
EMA5 CROSS AND LOCK BELOW 2611 WILL OPEN THE SWING RANGE
SWING RANGE
2586 - 2558
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
POSSIBLE SCENARIO FOR XAUUSD THIS WEEK!As we know gold is still in a strong uptrend.
When we look dating from 23/09/24 till 26/09/24 gold as hit several ATHs and retraced back down to its PREV BUY ZONE to continue its uptrend.
With new data being released around the dollar and war conflicts in the Middle East gold has been unsure of its direction causing it to range between the BUY/SELL ZONE.
The strong levels I would take from this are
- 2625
- 2640
- 2670
I think if gold can continue its sudden bearish momentum its had after hitting its ATH then we can see 2625 being retested and if a sudden break of that we may see more down side.
the other scenario is gold bounces off the 2625 for the third time in 3 weeks and continues its run in the bull market.
This is just my analysis and not financial advice.
Good luck trading
Hit the rocket for more analysis’s for the rest of the year.
Trade Idea: Gold Breakout to Reach Next Resistance TargetI’m watching gold as it approaches a key resistance level. If we get a breakout above this resistance, I believe the price could continue upward and reach the next target at the following resistance level. This could present a good opportunity for a long position if the breakout is confirmed.
Gold Buy price has not shown up all Buy side liquidity taken price has shown Sell side bais but as we know gold is Bullish over Monthly to weekly to daily to H4 and from yesterday Gold is stuck between buy and sell side trend also we have mentioned Inverse Head & shoulder pattern on H1 TF also Gold is forming a Rising wedge over H4 TF so we are bullish over Gold for even next week gold only palys with emotions
Gold fluctuates and awaits non-agricultural data!!!For today, we need to divide the non-agricultural data into two parts.
1. Before the data, it rose in the morning. The European market rose and fell in the past two days. From the perspective of the daily line pattern, it tested 2664 4 times, and the resistance level was very small. This must be a breakthrough, but if this breakthrough continues to fall, it will not make much sense.
So, either it is around 2658-60, with a loss of 50, and look at 2673=75 above, and arrive before the data.
2. Give up the intraday market and wait for non-agricultural data.
Referring to Wednesday's ADP, the non-agricultural data is likely to bottom out and rebound, but this bottoming must be based on the breakthrough and rise in the European market, and the US market will see a bottoming and rebound.
If it has been suppressed below 2664 during the day, then the bottoming and rebounding will not make much sense. The trend is not very strong.
Only if it breaks through during the day and the US market bottoms out and rebounds, there is a risk of breaking high. If it is suppressed, it is likely to continue to fluctuate.
So whether it is strong today depends on the strength of the breakthrough in the European market.
If there is no breakthrough, look for shocks; if there is a breakthrough, look for strength
Gold Thoughts 04-Oct-2024GOOD MORNING Everyone! Please find my Gold market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
PMI - momentum for NF - prepares to increase prices⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices remain supported by escalating Middle East tensions. On Tuesday, Iran fired over 200 missiles at Israel, and early Thursday, Israel launched airstrikes on central Beirut, Lebanon, increasing fears of a larger conflict. This ongoing instability boosts demand for safe-haven assets like gold. Meanwhile, traders are likely holding back from making strong moves, awaiting Friday's key US Nonfarm Payrolls (NFP) report for clearer direction.
⭐️ Personal comments NOVA:
According to the H1 frame - gold prices form an upward trend - NF this week will determine the upcoming trend for Gold - NOVA leans towards upward price momentum thanks to middle east tensions - gold price has more upward momentum
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2644 - $2641 SL $2637
TP1: $2650
TP2: $2660
TP3: $2672
🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2641
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ 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
XAU 10/3 ! break and buy now ! touch old ATH 2681XAU / USD trend forecast October 3, 2024
Gold price (XAU/USD) remains under pressure during Thursday's Asian session due to a stronger US Dollar, supported by reduced expectations of aggressive Fed rate cuts. Wednesday's positive US ADP report highlighted labor market stability, causing investors to further lower their bets on a large rate cut in November. As a result, the USD Index (DXY) reached a three-week high, weakening demand for gold.
Gold price moves in large range - touches H2 downtrend trendline
Upward view based on world war tension in the middle east
/// BUY XAU : zone 2641-2644
SL: 2636
TP: 50 - 100 - 300 pips (2671)
Safe and profitable trading
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
XAU/USD technical analysis: Gold price creeps lower Gold rate is upwardly biased in spite of dropping a few steam as investors ee-e book profits, expecting the following section of the conflict. Momentum stays bullish as depicted via way of means of the Relative Strength Index (RSI) however is exiting from overbought conditions, sparking the retracement.
If XAU/USD drops below $2,650, this will open the door to check the September 30 every day low of $2,624, observed via way of means of the September 18 top at $2,600. A breach of the latter will reveal the 50-day Simple Moving Average (SMA) at $2,513.
On similarly strength, if it clears the all time excessive of $2,685, it can amplify its profits to $2,700.
💎 TVC:GOLD BUY 2645 - 2642💎
✔️TP1: 2660
✔️TP2: 2670
✔️TP3: OPEN
🚫SL: 2635
Gold keeps hitting new highs, and today is the day to see a breaThe gold price moves perfectly along the trend line. It starts to rise when it approaches the trend line. Gold is accumulating strength at a high level. Today, the gold price may break through the historical high and start the rising mode.
The gold price trend is very healthy. It starts to rise when it approaches the trend line and important moving average. The best operation is to follow the trend, because the risk of going long is much lower, just like the Chinese A-shares that are winning by doing nothing now. Shorting may burst at any time, and going long may reach the daily limit at any time.
Today's data:
The number of layoffs of challenger companies in the United States in September (10,000 people)
The number of initial jobless claims in the United States as of the week ending September 28 (10,000 people)
The final value of the S&P Global Services PMI in the United States in September
Trading strategy: Gold 2640 more, stop loss 2630, target 2665--------2670
Gold Thoughts - 03-Oct-2024Good morning all , Kindly see my Gold thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Thursday Market Analysis and SignalsIn the early Asian session on Thursday, gold fluctuated in a narrow range and is currently trading around $2,657 per ounce. Gold prices fluctuated slightly on Wednesday. The US ADP employment data for September was stronger than market expectations, helping the US dollar index to record three consecutive daily gains and rise to a nearly three-week high. US Treasury yields also rose. Gold fell to 2,641 during the session on Wednesday, but tensions in the Middle East still provided safe-haven buying support for gold prices, down about 0.18%.
The market will continue to focus on news related to US economic data and the geopolitical situation in the Middle East. After Iran launched a missile attack on Israel on Tuesday, gold prices jumped more than 1%. But the strength of another safe-haven asset, the US dollar, makes gold denominated in US dollars more expensive for investors holding other currencies, further limiting the rise in gold prices.
Currently, traders are waiting for Friday's non-farm payrolls data, while also paying attention to the speeches of Federal Reserve officials for any clues about the policy path. This trading day will also release the changes in the number of initial jobless claims in the United States, the September ISM non-manufacturing PMI in the United States, and the monthly rate of factory orders in the United States in August. Investors need to pay close attention to this, and continue to pay attention to news about the geopolitical situation and expected changes in market non-agricultural data.
Gold continues to fluctuate around a wide range of adjustments. Yesterday, the 2660/2640 range was repeatedly reshuffled. After a sharp drop to 2641 in the late trading, it stopped falling and stabilized, forming a sharp rebound and pulled up close to the 2660 mark. The daily line is still a red and blue alternating sawing pattern, and the wide range of fluctuations will continue. Pay attention to 2668/2678 on the upper side and 2653/2643 on the lower side. The repeated fluctuations in the range will continue on Thursday. Before a new round of trend trading appears, the short-term layout of the shock idea is the main focus.
Asian market trading strategy:
2645-2648 long, stop loss 2636, target 2670-2680;
2668-2670 short, stop loss 2680, target 2650-2640;
10/2 XAU | USD increased by war conflictXAU / USD trend forecast October 2, 2024
Iran launched ballistic missiles at Israel on Tuesday in response to Israel's actions against Hezbollah in Lebanon, boosting demand for safe-haven gold. Israeli Prime Minister Benjamin Netanyahu vowed Iran would face consequences, while Iran warned of massive destruction in retaliation, escalating the risk of a wider Middle East conflict. Meanwhile, the US JOLTS report revealed a surprising rise in job openings for August, reaching 8.04 million.
/// BUY XAU : zone 2635-2637
SL: 2629
TP: 50 - 100 - 300 pips (2665)
Safe and profitable trading