#XAUUSD 1DAYXAU/USD Daily Analysis: Sell Opportunity
Market Overview:
The XAU/USD pair is presenting a notable sell opportunity at the $2,600 level. As gold prices approach this resistance point, several technical indicators suggest a potential downward move, making this an ideal entry for short positions.
Technical Analysis:
1Resistance Level: The $2,600 mark has historically proven to be a significant resistance zone, with recent attempts to breach it resulting in price reversals.
2.Moving Averages:The price is currently below the 50-day moving average, which is trending downward, indicating bearish momentum in the market.
3.Momentum Indicators: The Relative Strength Index (RSI) shows overbought conditions, suggesting that upward pressure may be waning, further supporting a potential decline.
Market Sentiment:
The broader market sentiment is leaning bearish for gold, driven by factors such as rising interest rates and a strengthening US dollar. These conditions typically exert downward pressure on precious metals.
Strategy:
Sell Level: Enter short positions at $2,600.
Target Levels:
Primary target at $2,550, where significant support has been previously identified.
Secondary target at $2,450, aligning with lower support zones and providing an opportunity for further gains if momentum continues.
Stop-Loss: Implement a stop-loss order above $2,620 to protect against adverse price movements.
Conclusion:
With strong resistance at $2,600, bearish technical signals, and unfavorable market sentiment, the XAU/USD pair presents a compelling sell opportunity. Traders should closely monitor price action and adjust their strategies as needed to maximize potential returns.
Goldprediction
SHORT GOLD AT 2593.17Team, this morning we went long on gold at 2558, and we successfully got out of our target
We were waiting patiently for the price to be calculated for the shorting.
Our shorting price at 2593.16
our stop loss at 2602.30
Our first target at 2584.46
and 2580.51
PLEASE NOTE: once the price hit below 2590, trail stop loss to BE.
GOLD (XAUUSD) Waiting for confirmation on GOLD entryWe are looking at gold (1:3 reward)
Please refer to the chart as we are waiting for the price to form and confirmation of the long entry.
Entry price at 2558.30 - CURRENT price is 2557.61
STOP LOSS at 2554.7
Target 1 at 2563.20
Target 2 at 2572.81
PLEASE NOTE: once the price hit 1st target, bring stop loss to BE
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week.
The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against.
In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference:
In the case of a 25 basis point interest rate cut:
I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall.
In the case of a 50 basis point rate cut:
There is no doubt that gold prices will continue to rise and set a new high again.
Gold 2573 buy! tp 2589-2605Gold has been weak since the resistance level of 2,588, but the pattern of today's pullback is also weak, which is a very important key point! Because today we have the Fed's interest rate outcome and economic expectations briefing and Powell's speech! The impact of these data will have a big impact on gold crude oil!
At present, from the trend point of view, the support level of gold is 2560, the pressure level is 25888, and the strength level of the disk is 2573!
If it stabilizes above 2,573 then the upside will be strong
All in all, today's data will cause huge volatility in the market. If you have trapped orders at the moment or you don't know how to trade tonight, you can ask for my help! I don't want you to burn your account tonight
Gold 2573 buy! tp 2589-2605
9.19 Gold Short-term Operation StrategyThe Fed's interest rate decision will be announced in two hours. Will gold hit a new high or a correction?
On the 1-hour chart, you can see that there is a minor resistance level near the 2575 level, and there is also a downward trend line converging. If the price pulls back to this resistance level, sellers may intervene, aiming to fall to the 2548 support level. On the other hand, buyers want to see prices break higher to increase bullish bets and pursue new highs
, if the Fed eventually chooses to cut interest rates by 25 basis points, the market may react quickly, causing the US dollar to rebound. But if the Fed is as dovish as the market expects, cuts interest rates by 50 basis points, and sends signals of more interest rate cuts in the future, the US dollar will weaken further, pushing gold prices higher again, even breaking through the $2,600/ounce mark. Although the market expects the Fed to cut interest rates, there is still uncertainty about the magnitude and subsequent policy guidance. If the rate cut is only 25 basis points, it may suppress the short-term demand for gold, and investors will turn to wait and see. If the Fed's policy tends to be cautious, the safe-haven demand for gold may weaken, leading to a short-term sell-off in the market. If the Fed eventually cuts interest rates significantly and signals further easing in the future, gold will benefit from the continued weakening of the dollar and break through historical highs. At the same time, global economic uncertainty and geopolitical risks will continue to provide long-term safe-haven demand support for gold.
Gold Fomc Movement Buy/SellGo through the analysis carefully, and do trade accordingly.
Resistance- 2589-2591
Resistance-2612-2616
Support- 2571-2565
Support-2551-2555
Support-2541-2545
Strong support area- 2531-2535
Gold Signal Daiky for the week
Current price- 2572.3
"if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618"
Advice-For Buying
Best buying area= 2535-2540
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2561 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630
Gold Price Analysis Ahead of FOMC September 18Fundamental Analysis
On the day of the Fed's announcement, markets continued to price in a 65% chance of a 50 basis point (bps) rate cut, CME Group's FedWatch Tool showed, reviving selling interest around the US dollar (USD), as US Treasury yields also turned defensive amid cautious markets.
As such. Gold prices are attempting to reclaim all-time highs just shy of $2,600, as attention turns to the Fed's decision, Chairman Jerome Powell's press conference and the Dot Plot, all of which will help gauge the US central bank's future policy actions.
If the Fed delivers a 25 basis point rate cut later this Wednesday, it could send the US dollar soaring. However, the immediate reaction to the Fed's announcements could be overshadowed by the implications of the Fed's projections and Powell's words. Therefore, gold prices are still subject to strong fluctuations in the Fed event.
Conversely, if the Fed acknowledges the potential risks to inflation and maintains a cautious tone, this could bring the hawks back into the game, negatively affecting the non-interest-bearing gold price.
Technical analysis
Gold is breaking the downside price band and approaching the resistance level around 2575. If it fails to break this zone before the US session, we can SELL and hold to 255x and 2545 when the FOMC announces to BUY back up and hold to 262x. In case of breaking the 2575 zone, we will not SELL and wait for the candle to close above 258x and BUY when the 2575 zone is retested. Hold until the FOMC does not break the new ATH, then we exit the order.
Breakout upper limit: 2582 - 2591 - 2603
Upper resistance: 2581 - 2590 - 2600 - 2605 - 2615 - 2626 - 2645
Breakout lower limit: 2570 - 2563 - 2550 - 2538
Support: 2572 - 2564 - 2552 - 2545 - 2539 - 2525 - 2516
Pay attention to the trend zone around 2580 above.
Sell the price zone 2603-2605. Stoploss 2609
Watch for BUY 2564 - 2562. Stoploss 2558
Watch for BUY 2545 - 2547. Stoploss 2541
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
9.18 Technical Analysis of Gold Short-term OperationsToday, the focus of the entire market is on the Federal Reserve's interest rate meeting. The market expects a 50 basis point cut, which may be the trigger for this wave of rise, but it may not have much impact at all.
Yesterday, the 2600 line was not kicked off, but fell back with a big negative.
Technical points:
(1) The European session bottomed out and rebounded, and the price continued to return to Monday's low, which broke our expectation of a strong and non-retracement.
(2) The European session continued to retreat to 2386, but still did not break the high. Yesterday, the focus was on the European session rising. If the European session fell, the market would turn to volatility.
(3) Before the US session, the intraday low continued to be broken, and the hourly line was negative, so the US session must be expected to fluctuate.
The European session broke the bottom for the second time, and the US session pulled back to short. It is expected that the US session will continue to break the bottom. After all, the price is good, and everyone is afraid that the long orders will be stuck at the top of the mountain, so they are willing to go short.
Operation strategy:
1. Before the meeting, continue to arrange according to the technical pattern. Short-term short position at 2575 can be shorted within the day, with a loss of 85, and look at 2555-50.
2. If it cannot be reached before the meeting, the price will remain the same. The Fed meeting will be closed for a break. If it can break the high before the meeting, hold it and look for a new high.
9.18 Gold Short-term Operation StrategyGold rebounded from a high level and built a top. Don't chase long easily. Gold rebound is an opportunity for shorts. The Fed's interest rate decision and the expectation of interest rate cuts are about to be fulfilled. The positive news for gold is fulfilled and it may rise and fall.
Gold broke down after repeated fluctuations at a high level in 1 hour. The top structure is obvious. The gold 1 hour moving average also began to turn around. The gold 1 hour moving average formed a dead cross, so there is more room for gold to fall and adjust. Gold rebounded last night but did not break through the resistance of 2582. In the morning, it continued to go short at highs under the resistance of 2582.
Strategy:
SELL: 2575 stop loss; 2582
Gold Fomc Movement! Gold Sell or Buy?Go through the analysis carefully, and do trade accordingly.
Resistance- 2589-2591
Resistance-2612-2616
Resistance-2630-2650
Support- 2571-2565
Support-2551-2555
Support-2541-2545
Strong support area- 2531-2535
Gold Signal H4 for the week
Current price- 2569.7
"if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605, 2618"
Advice-For Buying
Best buying area= 2535-2540
For selling
Best selling area= 2600-2616-2630
-POSSIBILITY-1
If 2555 break and sustain then you can sell gold with retest target will be 2545-2535
-POSSIBILITY-2
If it breaks 2591 and sustains then you can sell gold with retest target will be 2616-2630-2650
GOLD ROUTE MAP UPDATEHey Everyone,
Another ranging day with side by side movement for the most part of today, as the market looks for a blueprint in this new range.
Yesterday we got the first Bullish target hit at 2581 and stated that we needed to also keep in mind the Bearish gap below at 2567.
Today we got the bearish target 2567 hit and now ema5 is playing just above the level. If we see a cross and lock below 2567 then we will see the retracement range open up for a test. Failure to lock below 2567 and we will see the Goldlturns above being re-tested keeping in mind the open gaps above.
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 are taking extra caution with our buys in this new range, as bigger corrections are likely.
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
2581 - DONE
EMA5 CROSS AND LOCK ABOVE 2581 WILL OPEN THE FOLLOWING BULLISH TARGET
2591
EMA5 CROSS AND LOCK ABOVE 2591 WILL OPEN THE FOLLOWING BULLISH TARGET
2603
POTENTIALLY 2615
BEARISH TARGETS
2567 - DONE
EMA5 CROSS AND LOCK BELOW 2567 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2554 - 2538
EMA5 CROSS AND LOCK BELOW 2538 WILL OPEN THE SWING RANGE
SWING RANGE
2516 - 2506
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
XAUUSD: The decline is about to begin, have you sold?After gold rose to the high point of 2580-2590, it basically maintained a shock consolidation this week. So far, no new historical highs have been triggered this week.
For now, most investors in the market believe that the Fed's interest rate decision will be a node, but in fact, it is not. I think today's data will be a window for a change.
Because the closer the interest rate decision is, the more people will be eager to close the profitable long orders, which will quickly weaken the long force and give the short force an opportunity to take advantage of the situation.
So I think there is a high probability that there will be a callback before the interest rate decision.
Trading strategy:
Sell in the 2580-2590 area, the target is first to look at the 2550 area, and the second is the previous high 2530 area.
I personally still hold on to the short orders I held last week. After adding positions at high levels several times, the average price is now at 2567. As long as the gold price falls, our trapped orders can be closed at a profit.
XAUUSD | Bearish DivergenceCurrently, XAUUSD (Gold) is in an uptrend, making new higher highs and higher lows while moving within a parallel channel, supported by its trendline. Additionally, fundamental factors are pushing gold to reach new highs.
However, on the 1-hour time frame, there is a hidden bearish divergence, suggesting a potential trend reversal into a downtrend. This indicates that we may soon see the formation of new lower highs (LH) and lower lows (LL), and the price could move towards a high-demand zone.
Moreover, with high-impact USD news expected this week, we anticipate a potential retracement in price. After this pullback, we could expect an upward rally in gold.
In summary:
1: Uptrend: Gold is making higher highs and higher lows, moving within a parallel channel.
2: Fundamentals: Support the uptrend and push for new highs.
3: Hidden Bearish Divergence: On the 1-hour chart, indicating a potential shift to a downtrend.
4: High-Impact USD News: Expected to cause a retracement, followed by a potential upward rally.
Expectation: A short-term pullback, followed by a possible continuation of the uptrend.
These factors suggest short-term downside potential before a likely continuation of the uptrend.
9.17 Technical Analysis of Gold Short-term OperationsGold prices did not fluctuate much during the day. It retreated to the lowest level of 2574.50 in the Asian session, and then turned positive and moved upward. However, the space has not been opened yet, and it is in the rhythm of range fluctuations. For the extremely strong trend in the past few days, the recent two days have been mainly corrections. At the same time, even if it retreats, it is difficult to have a continuous decline, so the European session continues to see a rebound.
Recently, the market has paid close attention to the Fed's interest rate decision on Wednesday, and there are different views on how much to reduce. Before the announcement, the market trend is more cautious, which means that it is difficult to have a large operating space.
Today's analysis
1. At present, in the process of consolidation at a high level, the ups and downs are high, and the space is difficult to open
2. After all, the overall trend is bullish, and there is still a demand for rebound after the correction
3. After the Asian market went sideways, it stepped back to the previous starting point of 2574.50, and then there was no strong pullback in the European session. Two consecutive positives tested the high point of the morning pullback near 2586.30 and did not continue to rise. Then the hourly line turned negative and continued to pull back. For a strong pattern, there is some lack of momentum, and the shock component has increased.
Continue to follow the trend with long positions. In the previous trading day, we relied on 2578 to look up to 2590. In the morning, we continued to look up around 2576/1, and looked up to 2587, but failed to reach 2600. The dream of 2600 has not yet been realized!
From the market point of view, the low point of the afternoon retracement is around 2574.50. The European session can continue to retrace, and even cross or break through, but it cannot deviate too much from the intraday low, otherwise it will limit the momentum of the evening pull-up. The position of the golden section line 236 is near 2571, which is also the support position of the lower trend line, so pay attention to the opportunity to continue to rebound below 2571 in the evening, and the upper resistance is near 2590.
XAU/USD "GOLD MINES" Bearish Robbery Plan to steal GoldHola ola My Dear 🤑💰,
Robbers / Money Makers & Losers,
This is our master plan to Heist XAU/USD "GOLD MINES" based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 30m timeframe
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
XAUUSD - Longs only for nowThere are couple of long levels I will be watching closely!! 2570 & 2559.. Currently, 2578 level is holding.. There is also a possibility that it may not break below 2578, and goes higher from here!!
Gold is due for a little pullback, but not until this weeks FOMC. I will try to look for selling opportunity only after the FOMC meeting..
9.17 Technical Analysis of Gold Short-term OperationsIn the four-hour chart, the price recovered the upper line and ran below the upper line. The short-term support is at the acceleration line 2573. If it breaks down here, it also indicates that the lower line of the hourly chart will break. Once it breaks, it will resonate downward, at least testing the support of the 2562-50 line. Secondly, from the four-hour moving average chart, the 5-10-day dead cross is downward, and the auxiliary indicator MACD is dead cross at a high level. The hourly chart counterattacks the upper line and turns short for the second time, which is the best time to short, and it is also a reasonable position to reduce positions. Once it breaks down, the overnight closing price of 2579-80 is basically rebounded, which is to add shorts. So as long as you hold 2590 to see that the adjustment remains unchanged, wait for 2600 or above after the breakthrough to make arrangements.
Strategy:
2585-88 area short, loss 92, look at 73-68-62-50. Break down 73 and rebound 80 and short loss 85
GOLD: The 2570-2580 area is likely to be a stage high pointGold finally ended the suppression of nearly a month yesterday, breaking through 2530 in one fell swoop, and the latest high reached 2572.
I mentioned in yesterday's article that if gold does not set a new high in the short term, it may go down, but I didn't expect the impact to be so strong, much more violent than I expected.
Yesterday, my Sell position was still held, with a small position at 2543 and an increase at 2550. Now the price has stabilized around 2570. I am going to add a little more, pull the average price appropriately, and continue to hold a bearish view.
In my opinion, it is impossible to keep setting new highs. From the previous high of 2530 to the current 2570, it has risen by more than 40 US dollars after setting a new high.
According to the previous rising pattern, each time the increase is 50$, so we can conclude that the high point of this rise is likely to be in the 2570-2580 area.
Therefore, we don’t have to worry too much about the short orders we hold. The price of gold is likely to start falling from the 2570-2580 area.
Next, I will continue to update my ideas in my channel for your reference. If you have any ideas, you can ask me directly.
9.17 Technical Analysis of Gold Short-term OperationsAfter rising for three consecutive trading days, the price of gold rose again yesterday to a record high of $2,589 per ounce, close to the $2,600 mark, but it did not break through again. After encountering resistance and retreating, the final price closed at around $2,582. Overall, it still maintained a high level of consolidation.
There is no doubt that the rise in gold prices for three consecutive trading days has already indicated that the Federal Reserve will start to cut interest rates, and it also indicates that the expectation of further interest rate cuts is in place. The market is concerned about how many basis points the interest rate cut will be, which is not so important because the trends of various varieties are digested in advance.
Yesterday, the price of gold rose to $2,589, and then encountered resistance and retreated. The daily line recorded a small positive cross star. The current price remains above the upper track of the Bollinger Bands. The moving averages of each period are arranged in a bullish pattern. The Bollinger Bands remain open as a whole. The MACD double lines rise, and the red kinetic energy column increases, which is in line with the development of the K-line. At present, the daily line still tends to be bullish.
Since technical indicators have a lag, it will be too late to wait until the price retreats or turns to short. Yesterday's high of $2589 is effective pressure. Looking further up is the $2600 mark, $2606. It is uncertain whether it can be reached. If it can be reached, you can intervene to short and wait for a retracement. The primary support below (short-term target) is $2560.
Today's short-term operation strategy;
Sell at 2585, stop loss at 2590
Buy at 2555, stop loss at 2550