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XAU correction DOWN - opportunity for $2400⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The US Dollar (USD) strengthens after a recent decline, mainly due to the drop in the Euro currency. This is putting pressure on commodities. Profit-taking and geopolitical tensions may contribute to the downfall of precious metals, but central bank demand should provide some support. ⭐️ Personal comments NOVA: The FOMO from the market has gradually cooled down after much information that the FED will accelerate the process of cutting interest rates by 0.25%. indispensable for stability for the Gold market ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2400 - $2398 SL $2393 TP1: $2408 TP2: $2415 TP3: $2430 🔥BUY GOLD zone: $2415 - $2417 SL $2412 scalping TP1: $2422 TP2: $2428 TP3: $2435 🔥SELL GOLD zone: $2465 - $2467 SL $2472 TP1: $2455 TP2: $2440 TP3: $2430 ⭐️ 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
11
XAUUSD:18/7 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2500, support below 2400 Four-hour resistance 2500, support below 2452-40 Gold operation suggestions: From the perspective of 4-hour analysis, the support below continues to focus on the hourly top and bottom conversion position 2450-56. The bullish trend remains unchanged when the price falls back to this position. The upper target still focuses on breaking the new high. The short-term gold price bullish strong dividing line moves up to 2420-24. The daily level stabilizes above this position and continues to maintain the same low-multiple rhythm. Before a clear suppression pattern appears, short orders should be cautious. BUY:2452near SL:2447 BUY:2440near SL:2435 Technical analysis only provides trading direction!
OANDA:XAUUSDLong
by ActuaryJ
xauusd Thursday trading strategy xauusd Today is Thursday, July 18. As I predicted, gold retreated from 2483 to around 2451 yesterday. Very accurate analysis. Today I will continue to bring you trading strategies I still circle the price range for you: The current range is between 2430-2483. Breaking through any range will trigger a new trend. 1 Trading within 2430-2483: Buy: 2438-2445 2427-2432 Sell 2469-2474 sl2476.5 2479-2483 sl2486 Trading outside the range: Sell: 2492-2495 Break through this area and no longer sell. My analysis currently only includes the above signals. If there is a new trend, I will update it again. If you like my analysis, please like and join me. I will help you trade every day and make trading simple
FX:XAUUSDLong
by MaudEvans
Long gold price The position of 2452-2448 is a strong support. From the trend point of view, it is a good position to go long. Focus on the impact after the opening of the Asian market. TVC:GOLD BINANCE:BTCUSDT.P MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! BINANCE:BTCUSDT NYMEX:WTI1! Continuously analyze accurately for a month. Good at account management. The current market is exactly where I am good at trading. So you should not continue to be in a state of loss. Follow me. Guaranteed profits will not disappoint you.
TVC:GOLDLong
by NelsonPenn
XAUUSD on a 15-minute timeframeThe blue highlighted area around the 2,470-2,479 level indicates a resistance zone where the price has previously faced selling pressure. A key support level is marked by the red horizontal line around 2,450.723. The price is showing a bearish trend, declining from the resistance zone, and is projected to drop further towards the support level before a potential rebound. Consider entering a short position around the current price level (2,461.937) or upon confirmation of further bearish momentum. Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
OANDA:XAUUSDShort
by TopGBanks
2
XAU/USD 18 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a swing BOS, printing an all time high. I have been previously mentioning that price could be seeking further liquidity to fuel it's bearish pullback phase and price could create a higher high to bring CHoCH positioning closer to current price action to allow for a more realistic indication of pullback phase. This again, is precisely what happened. Price has printed all time high and CHoCH positioning has been brought closer to current price action. CHoCH positioning is denoted with a blue horizontal dotted line. 50% EQ for swing structure is denoted in black. 50% EQ for internal structure is denoted in blue. Price has printed a bearish CHoCH indicating bearish pullback phase initiation, however, price has been unable to sustain it's bearish pullback phase and seems to be targeting the weak internal high. Intraday expectation: Price has been unable to sustain it's bearish pullback phase. I would therefore stand aside an wait for price to confirm. It may be possible that price will print a higher high which would bring the internal low closer to current price action allowing for more realistic confirmation of bearish pullback phase initiation. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has printed a bearish iBOS which confirms swing pullback phase initiation of the swing structure and has also confirmed swing range, however, I will be monitoring this. Intraday expectation: Internal structure is bearish, swing and internal high are positioned the same making swing high weak but the internal high strong. I would therefore stand aside and wait to see how price reacts at M15 supply level before taking action. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Go long on gold prices. Wait for it to rise. Yesterday, the high price was sold and the price dropped by about 12 dollars. The members who followed the short selling made a good profit. Today, we will continue to go long on gold. The current price is around 2369. Trading in the market requires seizing the opportunity. Don't hesitate. When there is a suitable trading opportunity, you must act decisively to trade. Otherwise, your hesitation will lead to greater and greater losses, which will be irreversible. Maybe you have suffered losses from trading foreign exchange, oil, stocks, funds or digital currencies. But here, I still have good and reasonable products to help you expand your profits and recover your losses.If you want to recover losses or increase profits, contact Mary TVC:GOLD MCX:GOLD1! OANDA:XAUUSD COMEX:GC1! COINBASE:BTCUSD NYMEX:WTI1! MCX:CRUDEOIL1! TVC:DXY FX:GBPUSD BINANCE:BTCUSDT NYMEX:MCL1! COMEX_MINI:MGC1!
TVC:GOLD
by NelsonPenn
GOLD ( CREATED A NEW HISTORICAL PEAK ) ( STRONG RISING ) ( 4H ) XAUUSD HELLO TRADERS Tendency , the price is under strong bullish pressure ,after breakout 2,440$ TURNING LEVEL : the price of turning level between 2,475$ and 2,468$ , indicates the price breaking 2,475$ reach a new resistance level or created a new historical peaks , but if breaking 2,468$ reach a support level . RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 2,491$ , and 2,510$ , for reach this level after breaking 2,475$ . SUPPORT LEVEL : support level at 2,440$ in previously this level is a resistance level but after breaking know worked a strong support level , for reach this level after breaking 2,468$ . PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 2,475$ rising or reach a new resistance level at 2,491$ , then reach a 2,510$ , after breaking 2,468$ reach a support level at 2,440$ it is a strong support level , breaking this level the price started a downward . TARGET LEVEL RESISTANCE LEVEL : 2,491$ , 2,510$ . SUPPORT LEVEL ; 2,440$ , 2,425$ .
OANDA:XAUUSD
by ArinaKarayi
75: Record Gold Prices What’s Driving the Surge and What’s Next?The price of gold has recently surged to a new all-time high, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. Gold traders are predicting that the Federal Reserve will implement two rate cuts this year, which is boosting the appeal of gold as a safe-haven asset. Historically, when interest rates are low, gold prices rise due to the decreased opportunity cost of holding non-yielding assets. Additionally, ongoing geopolitical uncertainties and economic instability are further supporting the demand for gold. Central banks around the world, including China, have been significantly increasing their gold reserves, contributing to the rising prices. This accumulation of gold by central banks indicates confidence in gold's enduring value, which in turn encourages other investors to follow suit. As the Federal Reserve aims to stimulate the economy through lower interest rates, the weakening U.S. dollar makes gold more attractive to foreign investors, further pushing its price upwards. New high reached $2482.35 - what are the expectations? Bullish Scenario: At the moment, a new high has been reached with substantial buying pressure. The buying pressure is evident with the almost straight line up. Given this scenario, the risk of shorting is high. However, when new highs are reached, it's prudent to hedge long positions. You might consider shorting on a lower time frame, targeting $2420.61. The support level around $2420.61 is clearly identifiable. We could see a retest of this level, presenting an opportunity to initiate new long positions. There is also a possibility that prices will continue to rise. If buying pressure continues, we could see new highs beyond $2482.35, pushing the gold price even further. Bearish Scenario: If we lose the support level at $2420.61, it becomes apparent that we should look for short positions and new local lows. In this case, the decline could indicate a reversal in the current bullish trend. The break below this support could lead to a further drop in prices, potentially targeting lower support levels. Traders should watch for signs of weakening momentum and be prepared to shift strategies if the market sentiment turns bearish.
TVC:GOLD
by SeventyFive-Invest
1
Gold analysis new week☘️Fundamental analysis Gold prices rose to the 2410 zone on Friday after hitting an intraday low of $2,391. The yellow metal will extend gains for a third straight week on speculation that the Federal Reserve (Fed) could begin an easing cycle in September. The US Bureau of Labor Statistics on Friday revealed that the Producer Price Index (PPI) increased slightly in June, above analysts' estimates. As a result, US Treasury yields are falling, a boost for the non-yielding metal, which benefits from low yields. Meanwhile, Fed officials remain cautious about changes in monetary policy. Fed President St. Louis Alberto Musalem stated that current interest rates are appropriate for current conditions and expects the economy to grow between 1.5% and 2% this year. US Dollar Index (DXY), according to The US dollar tracked against six other currencies, which fell more than 0.40% to 104.09. ☘️Technical analysis Gold prices consolidate above $2,400 for the second day in a row after decisively breaking the Head-and-Shoulders neckline. Momentum favors the buyers, despite being depicted by a flat Relative Strength Index (RSI). That being said, the path of least resistance is up. The first level of resistance for XAU/USD will be the yearly high of $2,450, ahead of the $2,500 round mark. Conversely, if Gold slips below $2,400 there will be many support levels to push the gold price back to its orbit. Two notable levels coincide with the two EMA lines at 2390 and 2365. Deeper is the 2340 most important Break Out zone that we pay attention to for gold to maintain its long-term uptrend. Support: 2390-2365-2351-2340 Resistance: 2424-2433-2450
OANDA:XAUUSD
by TVS-Trader
Gold approaches all-time peak☘️Fundamental analysis Gold prices rose sharply for the second day in a row, reflecting positive moves over the previous six days - and surpassed $2,440 in early European trading. The prevailing risk environment is helping to limit gains in this safe-haven commodity. The short-term bias appears to favor bullish traders amid growing acceptance that the Federal Reserve (Fed) will begin cutting interest rates in September. overnight comments from the Chairman Fed Jerome Powell, kept US Treasury yields low and confirmed a positive outlook for the non-yielding yellow metal. Traders are now looking towards the release of the US Monthly Retail Sales data for fresh impetus. ☘️Technical analysis The large-frame chart oscillators remain in positive territory and remain far from overbought territory, suggesting that the path of least resistance for Gold prices is to the upside. Therefore, further strength towards challenging the all-time high, around the $2,450 region, seems a clear possibility. Some follow-through buying should be seen as a fresh trigger for bullish traders and pave the way for an extension of the recent uptrend witnessed over the past three weeks or so. On the other hand, a drop below the 1,618 fibonacci around the $2,430 zone could now be considered a prerequisite for a return to the 2,400 lows. Although this is not an easy thing to do in the current market climate. If this happens, it is considered a great opportunity for investors who missed this price range at the beginning of the week to recapture a long-term BUY signal. Support: 2430 - 2413 - 2401 - 2392 Resistance: 2449 - 2470 - 2500 SELL price range 2449 - 2451 stoploss 2455 BUY price range 2392 - 2390 stoploss 2386
OANDA:XAUUSD
by TVS-Trader
GOLD ( SENSITIVE AREA ) ( 4H )GOLD HELLO TRADERS Tendency the breakout channel , indicates under bullish pressure , as long as trade above turning level trying to create new historical peaks TURNING LEVEL : around 2,420$ , if the price trade above this level reach a resistance level , breaking reach a support level . RESISTANCE LEVEL : as long as the price trade above turning level at 2,420$ , reach a resistance level at 2,450 $ , then breaking this level reach a 2,457 . SUPPORT LEVEL : if the price breaking turning level reach a support level at 2,391$ , then breaking this level reach 2,365 $ PRICE MOVEMENT : in my opinion , price directly to reach a 2,450$ , then breaking this level reach a new resistance level at 2,457$ , if the price trade below 2,450$ reach a turning level at 2,420$ , , breaking this level reach a support level at 2,391$ , my goal 2,350$ TARGET LEVEL : RESISTANCE LEVEL : 2,450$ , 2,457 $ SUPPORT LEVEL ; 2,391 , 2,365 $
OANDA:XAUUSDLong
by ArinaKarayi
Gold will be bought again to make money. Remember, I said it. From the trend point of view, the gold price is still upward. Since last Wednesday, ADP, initial jobless claims, and non-farm data. Multiple US economic data news are good for gold. So gold rose sharply last week to above 2390. Here I congratulate the traders who follow the signal and continue to trade. Because you follow it. So you deserve to make a profit. Judging from the news this week, gold has further possibilities. This week is the second week of July, so before the time for the interest rate cut in September comes, I think the market will prompt gold to digest it in advance. This is the first reason. The second point is that geopolitical conflicts continue to escalate. The possibility of war will continue to increase the price of gold. Under the influence of these two news, it is only a matter of time for gold to rise. The operation is still mainly buying low. At present, the focus is on buying at 2372. Aggressive friends can also buy small positions around 2377-2375. Enter the market in advance. Many people like to refer to technical indicators, so I have something to say to those people: in the face of the influence of dominant news. Technical indicators, which are lagging references, are of little significance. Keep paying attention. I hope everyone makes a good profit.
TVC:GOLDLong
by NelsonPenn
GOLD ( STABILIZING ABOVE FVG) ( 4H )HELLO TRADERS TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure TURNING LEVEL : the price between 2,395 $ and 2,383 $ and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level . PRICE MOVEMENT : the price in previously can be breakout resistance level at 2,365$ , after stabilizing this level rising to 2,392$ , trying to retest at 2,350$ , after again rising to 2,424$ , know currently price at 2,412$ , my goal resistance level at 2,425 $ . PRICE ACTION : LONG CONDITION : have two cases to rising for reach a resistance level , first case the price toward directly reach a resistance level at 2,425$ , second case price corrective a turning level inside FVG between 2,395$ and 2,383$ before rising . SHORT CONDITION : if the price breaking FVG at 2,383$ by open 4h candle below this level reach a support level at 2,364$ , then stabilizing below this level reach a 2,337$ . TARGET LEVEL : LONG CONDITION / RESISTANCE LEVEL :2,425$ , 2,440$ SHORT CONDITION / SUPPORT LEVEL : 2,365$ , 2,337$
OANDA:XAUUSDLong
by ArinaKarayi
XAU/USD 15 July 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has reacted from daily supply zone which could potentially initiate the bearish pullback phase following bullish iBOS. Bearish CHoCH positioning, which is denoted with a blue dotted line, is quite a distance away from price, therefore, for a better indication that pullback phase has initiated I would like to see price print a bearish CHoCH. Intraday expectation: Both swing and internal structures are bullish. We currently do not have any indication or confirmation of bearish pullback phase initiation. I would therefore stand aside and allow price to print a bearish CHoCH. Current CHoCH positioning is denoted with a blue dotted line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As previously mentioned, following bullish iBOS last week, technically price should have targeted weak internal high as price was in the discount zone of 50% EQ with internal structure being bullish and that we should be mindful that H4 remains in bearish pullback phase, therefore, I would not have be surprised if price printed a bearish iBOS. Price printed a bearish iBOS, therefore, the previous intraday expectation was correct. Following bearish iBOS price printed a bullish CHoCH which indicates bearish pullback phase initiation. Intraday expectation: Price reacted at premium of 50% EQ but could not target weak internal low. Price could potentially seek more liquidity by trading up to M15 supply zone before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK