10.8 Analysis of short-term gold operationsIn the early Asian session on Monday (October 7), spot gold fluctuated in a narrow range and is currently trading around $2,640/ounce. Gold prices fell slightly after violent fluctuations last Friday, closing at $2,652.64/ounce, as the stronger-than-expected US employment report poured cold water on the Fed's expectations of aggressive interest rate cuts in November, boosting the dollar to a high of more than one and a half months, and US bond yields also rose sharply to a high of nearly two months, overshadowing risk aversion concerns over the tense geopolitical situation in the Middle East.
Technical level:
1: In 4 hours, BOLL shrinks, the range shrinks, and the range shrinks to the 70 range of 2642-26; in terms of indicators, the stochastic indicators and MACD indicators are all blunt, and the signals are unclear; in terms of form, it is a horizontal pattern, which is not the top high point;
2: In the daily K, the stochastic indicator crosses downward, which is a bearish adjustment signal; in terms of form, the time-for-space pattern, the market is relatively resistant to decline; the central axis gradually moves up, and the current track support of the central axis is around 2590, but it is expected to rise to around 2600;
Goldprediction
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We got the Bullish target hit at 2655 and then no ema5 cross and lock above the level confirming the rejection. You can see the ema5 turning just before the level to perfection confirming the rejection foe the move down.
We are looking for support above 2633 to confirm rejection for another re-test above at 2655 or a cross and lock below 2633 will open the range below.
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 - DONE
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
GOLD - only single support? holds or not??#GOLD.. no data on table and we have only single area that is 2637 around.
keep close that level guys and don't hold your buying positions below that,
only stay in buying above that level.
and keep in kind that below 2637 cut n reverse will be good option.
stay sharp here.
good luck
trade wisely
SasanSeifi|Gold Hits New Highs:Can the Bullish Rally Continue?Based on recent price movements, OANDA:XAUUSD has seen an increase in demand, pushing the price to $2,600 and setting a new ATH. Currently, the price is trading around $2,582.
In the short term, nearby support levels are between $2,564 to $2,560, and then $2,550. If the price fails to hold above the $2,573 level, we may see a minor correction with a pullback towards these support areas.
For now, the medium-term outlook remains more bullish, and after a consolidation phase, the price could potentially rise toward the $2,600 to $2,625 targets.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
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
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.
XAU/JPY JAPANESE GOLD Market Heist Plan on BearishHello My Dear Robbers / Money Makers & Losers, 🤑💰
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EURUSD Analysis Week 41🌐Fundamental Analysis
Fundamental Analysis EUR/USD fell below the psychological support level of 1.1000 in New York trading on Friday. The major currency weakened as an upbeat US (US) Non-Farm Payrolls (NFP) report for September underpinned the US dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, surged above 102.50.
Following the Fed's decision to cut interest rates, comments from Fed Chair Jerome Powell and his colleagues have indicated that the central bank is more focused on reviving job growth amid confidence that price pressures are on track to return to the bank's 2% target.
The US NFP report shows that the number of people seeking employment rose unexpectedly last month. The strong hiring numbers have forced traders to cut market expectations for another big rate cut from the Federal Reserve (Fed) in November.
🕯Technical Analysis
Like the GBPUSD margin is being limited on the bearish main H4 candle. The immediate margin for the first days of next week is 1,102-1,095. Any bullish signs early in the week create buying opportunities and signals will be updated soon. The resistance zone that EURUSD is very respectful of at the moment is 1.107 where price, despite breaking out, has retested the previous day's zone when it fell to the present time. The two-month low of 1.090 will help EURUSD escape the prolonged slide of the past week.
📈📉Trading Signals
BUY EURUSD zone 1.090-1.088 Stoploss 1.086
SELL EURUSD zone 1.107-1.109 Stoploss 1.111
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.
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
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h 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 2669 Goldturn resistance and 2640, as Goldturn support.
We currently have a gap above on market open at 2669 and below at 2640 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
2669
EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET
2693
EMA5 CROSS AND LOCK ABOVE 2693 WILL OPEN THE FOLLOWING BULLISH TARGET
2715
POTENTIALLY 2737
BEARISH TARGETS
2640
EMA5 CROSS AND LOCK BELOW 2640 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2610
EMA5 CROSS AND LOCK BELOW 2610 WILL OPEN THE SWING RANGE
SWING RANGE
2584 - 2564
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
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with our chart idea doing another repeat of the move completing the 2669 target twice, allowing us to buy dips inline with our plans.
2669 Goldturn resistance and 2650 Goldturn support were both completed earlier this week, followed with drops into the retracement range but not the full retracement test. This still allowed us to buy dips, as 2650 also gave the bounces for another re-test to our Bullish target 2669 completing the week.
The market moved sideways this week but allowed us to safely between the range buying dips.
BULLISH TARGET
2669 - DONE
BEARISH TARGETS
2650 - DONE
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD - one n single area, holds or not??#GOLD... Today is NFP day as you knows and we have only single area as today most important supporting area that is 2653
Keep close that area because only that area can change the story.
Only holding of that area can leads you towards upside further levels.
Keep close it and only short below that otherwide not at all.
Good luck
Trade wisely
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 gonna bust a move for Q4 || 04.OCT.2024 - FOMC?!Goooood Morning Tradingview!!
I am back! I'm glad to be back! I have missed y'all!!
Let's dive right in!!
Ok, starting from our bad mama-jamma, Monthly timeframe we can see XAUUSD is taking off! We are in an obvious bullish momentum creating new ALL TIME HIGHS each month, meaning we are in uncharted territory...
YET
Each week I have presented ideas that have played out more times than not.
HOWEVER,
Mistakes were made in my trade management. Alongside my business partner we've created a game plan that made sense to me and my trading style according to my trading personality or archetype - pretty INSANE I know!
Buuuuuuuut back to today's trade.
I am going to sit patiently and see which way price wants to move and when she does get ready for a big ol' heavy hitter *POW! I have my bias' for sure...PIPS OVER PROFITS!!
If you've made it this far, thank y'all! Shout Out to the new follows! I am truly blessed! God bless y'all
*Peace!
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
WHAT IS GOLD'S MOVE ?In lieu to💹trend analysis, gold make its moves on the bull projection... climbing along to the
$2500/oz , which has been the prospect of all times high🎐 ,,,, but in lieu of 2nd quarter of the year, the next 3 month candle formation is yet to be formed in the next month (april )and it has been deciphered to be a pullback for the continuation of the buying momentum.... sit tight fellaz ,boost and comment if you find this idea so helpful . follow for more insights ✨ Thanks to tradingview for making charts sweet and easy
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week
As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow
Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1
Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames
Wish u luck
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another great day on the chart today with our 4H chart playing out, as analysed.
We had price play between two weighted levels. 2669 Goldturn resistance and 2650, as Goldturn support and both highlighted, as targets.
- Both targets have been completed. We were able to take advantage of the drop and buy inline with our plans to buy dips and complete the bullish target. We need to also keep in mind the retracement range was not fully completed and a gap left open.
We are seeing price test 2650 for support and if this holds; we are likely to see another 2669 test. However, we will need to see ema5 lock above 2669 or we are likely to see another drop to complete the full retracement 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
2669 - DONE
EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET
2695
EMA5 CROSS AND LOCK ABOVE 2695 WILL OPEN THE FOLLOWING BULLISH TARGET
2717
POTENTIALLY 2738
BEARISH TARGETS
2650 - DONE
EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2615
EMA5 CROSS AND LOCK BELOW 2615 WILL OPEN THE SWING RANGE
SWING RANGE
2582 - 2556
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
10.3 Gold short-term operation strategyAt present, gold continues to fluctuate. The hourly chart has formed a converging triangle. The short-term support is 2648, and the upper pressure is at 2670. From the daily chart, the "big positive front resistance line" pattern has been formed. Under the support of the big positive line of last week, after repeated short-term fluctuations, the market tends to choose to break down! ! !
Today's data:
The number of initial jobless claims in the United States as of September 28 (10,000)
Intraday operations:
BUY: 2648 Stop loss: 2643 Target: 2655----2660
SELL: 2665 Stop loss: 2660 Target: 2630----2625
XAUUSD: Will the decline continue after the conflict?Yesterday, the US dollar index rose for the second consecutive trading day, hitting a two-week high, supported by data showing the resilience of the US labor market and the dual support of safe-haven currency properties.
It stands to reason that the rise of the US dollar index will suppress gold and cause it to fall. However, due to the sudden escalation of the geopolitical conflict between Iran and Israel, the demand for safe havens has been greatly boosted, resulting in a rare rise in gold and the US dollar together.
The escalation of the geopolitical crisis in the Middle East has indeed greatly affected the direction of gold, but as of now, I don’t think gold supports the momentum to continue to rise sharply.
Judging from the news, the rise in gold is due to the situation in the Middle East. If the situation in the Middle East eases next, or the situation is not as tense as the first day, then gold will still fall as it rose.
Unless the situation in the Middle East will intensify in the future, and it will be more violent than yesterday’s conflict
From the figure, we can see that the Fibonacci retracement of 0.618 from yesterday’s high of 2673 and today’s low of 2645 is 2655. As long as the rebound does not exceed 0.618, it is bound to fall to a new low.
The short position I held yesterday suffered a slight loss due to the sudden outbreak of the Middle East conflict, but I added positions at 2655 and 2666 respectively, which increased the average price and is now profitable.
In summary, I still have a bearish view, so I will continue to hold short positions.