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.
Goldprediction
XAUUSD: Sell at 2505-2510 resistance zone, target 2490-2480Yesterday was Labor Day in the United States. The amplitude of gold was very small and we did not participate in any transactions. Today the market is back on track and it is time to open our transactions!
Gold fundamentals:
Tensions in the Middle East have escalated again, and risk aversion has rekindled.
Due to the recent positive economic data, the U.S. dollar index continues to rebound, and the ISM manufacturing PMI for August to be released today is expected to rise slightly to 47.5 from 46.8 in July, indicating that the manufacturing industry is recovering moderately, which will continue to support the U.S. dollar. rebound, gold falls.
In addition, the market expects that the United States will create 163,000 new jobs in August and the unemployment rate is also expected to rise to 4.2%. This reflects strong economic fundamentals and further boosts the dollar.
Gold technical aspect:
Judging from the Fibonacci retracement of the decline between the highest point of 2528 and the lowest point of 2490, 2505 is 0.618 and 2510 is 0.5, so this range is the resistance to gold's rebound.
Trading strategy:
Since the direction is clear now and 2505-2510 is the resistance area, we can sell in this range.
Trading signals GOLD september 3Support: 2485 – 2,471 USD
Resistance: 2,513 – 2,531 - 2550 USD
SELL XAUUSD PRICE 2551 - 2549⚡️
↠↠ Stoploss 2555
→Take Profit 1 2544
↨
→Take Profit 2 2539
SELL XAUUSD PRICE 2512 - 2514⚡️
↠↠ Stoploss 2517
→Take Profit 1 2505
↨
→Take Profit 2 2495
BUY XAUUSD PRICE 2484 - 2486⚡️
↠↠ Stoploss 2479
→Take Profit 1 2489
↨
→Take Profit 2 2494
BUY XAUUSD PRICE 2470 - 2472⚡️
↠↠ Stoploss 2467
→Take Profit 1 2475
↨
→Take Profit 2 2494
⚡️Psychology, discipline and capital management are the three factors that make victory possible.⚡️
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
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
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
Gold Price Hover NearRecord Highs Ahead of Key Labor Market Data the price of gold is expected to continue its soft uptrend. According to recent analyses, gold is currently in a rising channel pattern, indicating a potential for further gains if it maintains its upward momentum. This soft uptrend is supported by factors such as geopolitical tensions and rising real inflation, which are considered favorable for gold as a safe-haven asset.
The predictions suggest that gold might experience a slight increase, moving within a range of $2,491 to $2,643 per ounce throughout the day
XAUUSD: Wait for a rebound and choose to sell at a high levelLast Friday, as the performance of the US PCE data did not support the Federal Reserve's 50 basis point interest rate cut, the US dollar index rebounded and gold investors took profits, which caused the gold price to fall directly below the 2,500 round number mark. Considering that the U.S. market is closed today, the market fluctuations will not be too large, so we mainly do range-based sell-high and buy-low transactions.
Judging from the Fibonacci retracement indicator of this decline, the upper resistance is mainly in the 2504-2510 area. If the level is broken here, the gold price will return to the high area again and continue to try to set a new high, but this may be difficult today. Appear. The lower support is mainly in the early intensive support area 2470-2480.
So my strategy today is to sell high and buy low in this area. The gold price is now around 2500 points. If it continues to rise to the 2504-2510 area later, I will choose to sell first.
Today is not a major trading day because the U.S. market is closed. There will be multiple major data release days in the next few days this week. This is the key point. Everyone can relax today. We will trade if we have the opportunity. If there is no opportunity, we will not trade.
Resistance area: 2504-2510
Support area: 2480-2470
9.2 Gold short-term operation strategyGold fluctuates, short-term bullish ideas remain unchanged
Today is currently successful. Due to the Labor Day in the United States, the market fluctuates in the range of 2490-2508. Go long in the morning and leave with a profit of 4 points. In terms of trend, the overall trend is still short-term bullish. After falling back, it stands on 2500 again. Bulls are dominant. Short-term bullish operations are still in place. Go long around 2496, stop loss at 2488, and stop profit at 2508-2516. Pay attention to risks.
Trading ideas: Go long around 2496, stop loss at 2488, and profit at 2508/2516
The above suggestions are for reference only and are not used as a basis for trading
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gold outlook🟠 Gold Spot (XAU/USD) Analysis: Key Levels & Potential Movements
The 4-hour chart for Gold Spot (XAU/USD) provides a comprehensive look at the market's behavior over the past few weeks.
- 4H Upward Trendline: This trendline has been respected multiple times, with at least four price touches, indicating its significance in the market. However, keep in mind that even strong trendlines can break.
- Sideways Market (20th Aug - 30th Aug): After a strong upward move, the market entered a consolidation phase, trading sideways within a defined range. This often indicates indecision, as buyers and sellers struggle for control.
- Break of the Sideways Market (30th Aug): On the 30th of August, we saw a significant break below the sideways range, suggesting that the bears might be gaining control.
Potential Movements:
- Upward: If the market manages to recover above the broken trendline and retests the upper levels, this could signal a continuation of the previous upward trend.
- Downward: Conversely, a failure to reclaim the trendline, coupled with continued selling pressure, might confirm a bearish movement, with the possibility of further decline.
Remember, anything can happen in the market. It's crucial to wait for clear confirmations before entering a trade. Stay alert and be ready to adapt to the next move!
INTRADAY ANALYSIS (SHORT TERM) Most technical indicators are suggesting a "Strong Sell" position. The Relative Strength Index (RSI), Stochastic Oscillator, MACD, and other indicators are all pointing towards a sell, indicating downward momentum for gold prices on an intraday basis
The moving averages across different time frames also show a "Sell" signal. Both simple and exponential moving averages over various periods (5, 10, 20, 50, 100, and 200-day) are suggesting a bearish trend, further supporting a downtrend for gold in the short term
Support and Resistance Levels: According to the pivot points, the key support levels for gold are around $2,526 to $2,532, while resistance levels are identified around $2,537 to $2,539. These levels could act as critical points where price action might either bounce back or break through
Given this data, gold is expected to face downward pressure throughout the day. However, keep an eye on the support levels as potential areas for reversal or a slowdown in the downtrend.
GOLD analysis week 36🌐Fundamental Analysis:
Gold prices fell about 1% as the US dollar and US Treasury yields rose sharply after US inflation data matched expectations over the weekend. However, given the Federal Reserve's September rate cut and geopolitical tensions remain a risk, gold still has plenty of potential support on a fundamental level.
Gold prices closed slightly lower this week but still held the $2,500/ounce mark. Next week, investors will receive US ISM data and non-farm payrolls reports, which are expected to cause major fluctuations in the gold market. Next week's NFP data will be the main focus, as Fed Chairman Jerome Powell and other members have also focused heavily on the upcoming employment data during the Jackson Hole conference.
Meanwhile, tensions in the Middle East have boosted safe-haven demand for gold. Signs of steady buying from central banks in emerging markets also support prices.
📊Technical analysis:
Looking at the D candle, selling pressure has started to appear on gold. The buying pressure at the end of the day is insignificant and there are ready to be more sell-offs next week. Returning to the familiar H4 time frame, the breakout area of 2512 becomes the immediate resistance zone to push gold prices deeper. The declines may extend to the 2485 area and even the 2470 area next week. The downtrend is the path of least resistance for gold. After rejecting the resistance level of 2525 many times, gold may easily break through this hook once again and move straight to the important resistance zones of 2530-2540-2550.
Resistance: 2412 - 2420 - 2430 - 2440 - 2450
Support: 2494 - 2485 - 2470
🕯Trading Signal:
BUY GOLD 2485-2483 Stoploss 2480
BUY GOLD 2472-2470 Stoploss 2467
SELL GOLD 2513-2515 Stoploss 2518
SELL GOLD 2530-2532 Stoploss 2535
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2509 Goldturn resistance and 2498, as Goldturn support.
We currently have a gap above on market open at 2509 and below at 2498 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
2509
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2524
2535
BEARISH TARGETS
2498
EMA5 CROSS AND LOCK BELOW 2498 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2484
EMA5 CROSS AND LOCK BELOW 2484 WILL OPEN THE SWING RANGE
SWING RANGE
2472 - 2461
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 will move up after reaching 2458 - 2433 zone on Daily FrameMy expectations for gold movements during the coming week
After the daily candle failed on Friday and the rest of the week to close above 2531, the candles will head to cheap areas on the daily candle to obtain liquidity, and indeed the market movement on Friday was a rebound of gold to the 2494 areas, where it corrected after that to restore FVG consideration near the price of 2505
With the beginning of next week, the price will retest the 2507-2513 areas before falling again towards the areas drawn in the figure, which are important liquidity areas on the daily and weekly candles, and the first area is 2458 and contains an order block on the 4-hour frame, and the price was able to fill the previous FVG, and here also there is an order block on the daily frame, meaning that we are in a Unicorn, and therefore the price can often rebound from this area, but if the price fails to rise and close above 2500, then we may see a retest of a cheap area on the weekly frame, which is an area that extends to prices of 2430, which is an order Block on the 4-hour frame intersecting with FVG and it is very possible to take liquidity from under the news candle at 2434 and make Turtle soup and then rebound..
Bounce to where.. To the Rejection Block area that is clear in the drawing there where there is very high liquidity above 2527 and of course with a Fibonacci extension above the swing 127 - 138 - 168%.. As an expansion we expect the price to reach prices of 2560 - 2600
Any talk at the present time about a very large drop in gold is illogical at least before the Federal Reserve meeting and the approval of cutting interest or not
This is my vision of the expected price movement next week..
If there are additional or different visions.. According to ICT or any other schools, we may share here on the post for the benefit of everyone..
The information in the post is not investment advice.. It may be right or wrong
EURUSD Analysis week 36🌐Fundamental Analysis
EUR/USD continued to fall sharply on Friday, extending its decline into a third straight day and dragging Fiber down to 1.1050 to close the trading week. EU inflation figures released on Friday morning failed to impress anyone in particular, and the US Personal Consumption Expenditures (PCE) price index did not deviate too far from forecasts, leading the broader market to bet on a rate cut heading into the Federal Reserve’s next rate call on September 18.
With the PCE inflation data out and offering no warning signs, the way has been opened for next week’s Non-Farm Payrolls (NFP) print, one of the last major economic data points that stand in the way of the Fed and markets clamoring for a rate cut. Next week will also open on a low note, with US exchanges expected to remain closed for the Labor Day holiday. Several Purchasing Managers Index (PMI) releases are also scattered throughout the trading week.
📊Technical Analysis
EURUSD remains in an uptrend, with a pullback over the weekend that could be a stepping stone for further gains in the coming days. On the D1 timeframe, the EMA 34 is sloping sharply higher than the EMA 89, indicating that the market structure is tilted to the upside with the most recent trading range around the support of 1.100 and the resistance of 1.127. With the pullback after meeting strong resistance as analyzed last week, the pair is still entering a strong growth phase. The upside slide could revisit the two-year high around 1.146 and the deepest, most reliable support level next week is placed by investors around 1.090 to prevent the pair from sliding too sharply.
Resistance: 1.128-1.146
Support: 1.100-1.090
🕯Trading Signal
SELL EURUSD zone: 1.127-1.129 Stoploss 1.131
BUY EURUSD zone 1.100-1.098 Stoploss 1.096
GBPUSD analysis week 36 🌐Fundamental Analysis
The British Pound (GBP) extended its two-day losing streak and hit a fresh intraday low below 1.3150 against the US Dollar (USD) in the North American session on Friday. The GBP/USD pair failed to gain as the US Dollar strengthened following the release of weaker-than-expected US Personal Consumption Expenditures (PCE) Price Index data for July. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, surged above 101.50.
The impact of PCE inflation data is traditionally high as it is the Federal Reserve’s preferred inflation measure for making interest rate decisions. This time, the impact of core inflation data is expected to remain limited to market speculation on the Fed’s rate cut path this year.
Currently, financial market participants expect that the Fed will almost certainly start cutting interest rates in September. However, signs of rigidity in price pressures from PCE inflation data have reduced bets supporting the Fed to start a strong policy easing cycle.
📊Technical analysis
As analyzed last week, GBPUSD has retreated when it reached a strong resistance zone. The retreat may continue next week to attract buyers to push the price up further. In fact, GBPUSD is in a strong uptrend. On the D1 time frame, the EMA 34 is sloping up sharply compared to the EMA 89, indicating that the market structure is leaning towards the upside, the retreat is only pushing the price up in the near future. The nearest trading range is around 1,300-1,327. These are two strong resistance and support zones and also the price range where investors can enter orders. With a perfect retracement it is possible to push the price to the old peak around 1.342 and the strongest retracement is supported at 1.284.
Resistance: 1.327-1.342
Support: 1.300-1.284
🕯Trading Signals
SELL GBPUSD zone 1.327-1.329 Stoploss 1.331
BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
Gold is in the Buy Direction after Using the Support LevelHello 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