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REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold. Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move. ⭐️ Personal comments NOVA: Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2485 - $2487 SL $2480 TP1: $2495 TP2: $2503 TP3: $2510 🔥SELL GOLD zone: $2533 - $2535 SL $2540 TP1: $2520 TP2: $2505 TP3: $2480 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold XAU/USD Analysis Wednesday 21 August 24 Hello, We have had a smallish correction so far in the last 24 hours in the Gold-price. The USDX shows some temporary strength the past 8 hour or during the Oceania (New Zealand & Australia) and the Asian session during Wednesday. The Silver price has faired better during these Oceania & Asian sessions. 2500 level is very key psychological & key support. It seems to be holding well as I write this article. I want to see support at 2507 & we are currently almost there. 2507 and support there would be on the 50 EMA in the 1 hour timeframe. I find the 50 EMA on the 1 hour to be a good yardstick of where the Gold price may go next. See charts above. * Don't rely solely on my investment advice, conduct your own research & form multiple sources.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
Gold Price Analysis August 21☘️Fundamental Analysis Gold prices extended their bullish consolidation above the psychological $2,500 level heading into the European session on Wednesday and remained within striking distance of the record high hit the previous day. Investors appeared to be betting that the Federal Reserve would begin its policy easing cycle and announce 25 basis points (bps) in September. This continued to weigh on US Treasury yields and became a key support for the non-yielding yellow metal. In addition, geopolitical risks, China’s economic woes and a slight decline in global risk sentiment served as a boost for the safe-haven commodity. Investors also appeared reluctant and preferred to wait on the sidelines ahead of the release of the July FOMC meeting minutes. In addition, Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium on Friday will be closely watched for clues on the US central bank's policy path. ☘️Technical Analysis Gold is trading in a narrow range of 2500 and 2532. That is the wide range we can trade when gold breaks out of the sideways range in the Asian session around 2519-2510. Today's key support resistance zone around 2550 and 2476 to ensure that gold's price range does not increase or decrease too much. RSI corrected in the US session yesterday but is still at a relatively high level. If gold fails to close below 2500, it is very likely to create a new ATH in the following days. Resistance: 2527 - 2531 - 2540 - 2552 Support: 2500 - 2495 - 2488 - 2475 - 2470 SELL scalp zone 2528 - 2530 stoploss 2533 SELL zone 2550 - 2552 stoploss 2556 BUY zone 2477 - 2375 stoploss 2471
OANDA:XAUUSD
by TVS-Trader
8.2 Analysis of gold trend operationAfter hitting the peak of 2530 on the 20th, gold fluctuated at a high level and finally quickly pulled back. Currently, it is 2505 points. Yesterday, gold failed to hit 2530 several times. The last time it hit 30, it quickly fell back. This also shows that the bulls may continue to hit the high point after the pullback. The key downward support point is 2500. If it falls below 2500, look at 2490 / 2480 below. Resistance points are 2520, 2530, and 2550. What do you think about gold? Welcome to like and comment.
TVC:GOLDLong
by David_strategy
Gold (20/8) sets new ATH around 2520Fundamental Analysis Gold prices extended their bullish momentum with a new high just set around 2520. Traders now appear reluctant and want to wait for further signals on the Federal Reserve’s (Fed) interest rate cut roadmap before positioning for the next step of a directional move. Therefore, the focus will remain on the release of the July FOMC meeting minutes on Wednesday and Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium on Friday. The risk of further escalation of geopolitical tensions in the Middle East and the protracted war between Russia and Ukraine will continue to support XAU/USD. This, in turn, warrants some caution for bearish traders. Technical Analysis From a technical perspective, the price action within the range has broken out of the bullish consolidation phase, After breaking out around the $2,509-2,510 area to set a new ATH, gold is now stabilizing around 2,520. Our SELL entries are focused on the round port areas and the best Fibonacci resistance around 2,533 On the other hand, the horizontal resistance of $2,472-2,470 now looks to protect the immediate downside. Any further declines could attract new buyers and remain limited to the $2,448-2,446 area. Resistance 2533 2540 Support: 2494 - 2488 - 2481 - 2475 SELL price zone 2533 - 2535 stoploss 2539 BUY price zone 2477 - 2375 stoploss 2471
OANDA:XAUUSD
by TVS-Trader
Gold is Roaming around , preparaing itself for bullish movementHello 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
8.20 Gold Trend Analysis2500 Golden Era has officially stabilized and will move towards 2600 in the future Gold fluctuated and jumped from a low of 2486 to 2510 during the European session on Monday The bulls are still continuing today. Currently, the gold price is trading at a high of 2523. On the Bollinger Bands, gold is below the middle track. The hammer line is long. If it touches the bottom, it can be bullish In addition to the geopolitical situation, everyone is currently pinning their hopes on the trend of gold on Friday when Fed Chairman Powell will give a speech on the economic outlook at the Jackson Hole Annual Meeting Support level 2515 2510 2500 Resistance level 2525 2535 2550
TVC:GOLDShort
by David_strategy
8.19 gold operations analysisContinuing the trend of last Friday, gold has been above 2500 in the early trading and peaked at 2509. The next operation will mainly depend on the European trading session. At present, gold is still rising. If it can successfully break through 2510, then the upward trend of gold will be relatively large. Key points: Resistance level 2510 2520 2535 2550 If it falls below 2500, the key points are: 2490 2480 2475 2460 2450 Accurate signal I will notify you in the group in time, everyone remember to watch it on time
TVC:GOLDLong
by David_strategy
Analysis of gold trend on August 19Last Friday, gold once broke through 2500 and finally closed above 2506. The overall price soared by more than 50 US dollars, setting a record high. This price surge is not just a jump in numbers, but also the result of the combined effect of market sentiment, macroeconomic data, geopolitical tensions and monetary policy expectations. In addition, central banks of various countries are also very enthusiastic about gold. Analysis of gold trends this week! There is not much data released in the international news this week. Except for the war between Russia and Ukraine, there is not much movement in the Middle East. Gold may rise and fall and then go sideways for a long time. The specific situation is of course subject to the trend of the market. My analyst team and I will announce the accurate signal in my channel.
TVC:GOLD
by David_strategy
Officially reached over 2500! NEW XAU ATH✍️ NOVA hello everyone, Let's comment on gold price next week from 8/19 - 9/23/2024 🔥 World situation: Gold (XAU/USD) surged to a new record high above $2,490 on Friday during the US session as investors remain confident that the Federal Reserve (Fed) will cut interest rates in September, despite Thursday's stronger-than-expected Retail Sales data. Earlier in the day, gold had pulled back after testing a key resistance level around $2,470, a point it struggled with earlier in the week. The pullback was driven by the July US Retail Sales report, which showed a 1.0% month-over-month increase, far exceeding the 0.3% forecast and reversing June’s revised 0.2% decline. 🔥 Identify: Gold price hits all-time high of 2509. Optimism for all markets as September interest rates near 🔥 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: $2531, $2560 Support : $2490, $2465, $2430 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
1
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check. Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues. ⭐️ Personal comments NOVA: Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping TP1: $2442 TP2: $2450 TP3: $2460 🔥BUY GOLD zone: $2424 - $2422 SL $2417 TP1: $2430 TP2: $2440 TP3: $2450 🔥SELL GOLD zone: $2498 - $2500 SL $2505 TP1: $2490 TP2: $2480 TP3: $2470 ⭐️ 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
OANDA:XAUUSDShort
by Nova-Scalper
4
XAUUSD H12 Idea BULLISH 2500 PotentiallyGold Prices — Anticipation of U.S. Inflation Data and Geopolitical Tensions - Gold prices edged higher on Monday, driven by anticipation of U.S. inflation data and the potential for a Federal Reserve rate cut. Investors are closely watching the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports, which are expected to show modest increases in wholesale prices and a continued decline in consumer inflation. - The data will be crucial in shaping the Fed's monetary policy decisions, with market sentiment currently suggesting a nearly 50% chance of a 50 basis points rate cut in September. - Geopolitical tensions, particularly near Ukraine's border and in the Middle East, are also supporting gold prices, reinforcing its status as a safe-haven asset. U.S. Treasury yields rose slightly on Monday as the market braces for the impact of the inflation data, which could signal the Fed's next move on interest rates. Technical View - From a technical perspective, gold is solidifying above the support level at $2,440, with major support at the 50-day moving average of $2,373.23. The daily chart suggests that the market could soon test resistance at $2,483 and $2,490. However, if the 50-day moving average fails to hold, a significant price drop of up to $100 could occur. The overall outlook remains bullish, with the potential for gold to challenge previous record highs if inflation data aligns with market expectations.
FX:XAUUSDLong
by GOLDFXCC